Hold on to your hats, folks, because Bitcoin is turning heads once again! As it teases the $90,000 mark, an old wallet decided to wake up and join the party, transferring a whopping $3.67 million worth of BTC for the first time since 2011. Talk about a blast from the past!
Imagine this: a Bitcoin wallet, snoozing away for 13 long years, suddenly springs to life and makes a splash with a hefty transaction. This mysterious wallet, which holds an impressive 426.3 BTC valued at around $36.62 million, just moved 42.3 BTC. That's $3.67 million, folks!
Back when this wallet first got its stash on July 29, 2011, Bitcoin was just a little pup priced at $13.49. The whole batch was worth a modest $5,753 at the time. Fast forward to today, and that same Bitcoin is now strutting its stuff at over $91,000. The timing of this big move has everyone buzzing, and it's got people wondering what prompted such a substantial transaction after all this time.
After taking a quick breather yesterday, Bitcoin came back swinging, leaping past $90,000 and peaking at a cool $92,000. Not too shabby for a week's work, with a 22% gain in the bag!
According to the folks at QCP Capital, Bitcoin is entering a new era, solidifying its status as a must-have asset for corporations, governments, and institutions alike. Demand for Bitcoin ETFs is skyrocketing, with a record-breaking $2.28 billion pouring in over just three days. Thanks to a boost from post-US election vibes, $1.8 billion flowed into spot Bitcoin ETFs late last week, followed by another $1.1 billion at the start of this week. The market is on fire, and Bitcoin's new highs are clearly the talk of the town.
And let's not forget our favorite analyst, ‘Rekt Capital,' who’s making some exciting predictions. Drawing on historical trends, they believe Bitcoin's bull run could hit its peak in October 2025, more than 500 days post-halving. The future looks bright and shiny for Bitcoin enthusiasts everywhere!
