- An inactive Bitcoin holder transacted 1,037 BTC to another address.
- Bitcoin has seen a drop from $30K.
Earlier on Saturday, an inactive Bitcoin holder transferred a huge BTC after a decade. The transaction is recorded with 0.0000753 BTC worth 2.25 USD on Whale Alert, a crypto analyzer.
💤 💤 💤 💤 A dormant address containing 1,037 #BTC (31,080,234 USD) has just been activated after 11.3 years!https://t.co/6cW9vnTOhD
— Whale Alert (@whale_alert) July 22, 2023
Furthermore, the current whale transaction happened from the dormant address of the sender ‘1MchKSZg4E…hp9UAiNZ96’ to ‘bc1qtl80rm…ss8w8lfx0y’. During the transaction, 31,080,234 USD of 1,037 BTC is recorded. It is reported that the inactive whale has been activated after an account of 11.3 years.
Current Status of Bitcoin
The current analysis on CoinMarketCap shows the BTC price with a drop below $30K. Over a 92.55% circulating supply, Bitcoin’s trading volume has fallen by 31.78% in the last 24 hours. Yet, the market capitalization has reached more than $580M to date.
As per the future price prediction, it was expected that Bitcoin would reach $36K within this year. Unfortunately, it has fallen back to $29,870.51 which is a 0.18% rise compared to the previous day. Crypto enthusiasts are keen on noticing that Bitcoin would create a jaw-dropping moment with a huge spike anytime sooner.
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