All of them are miners who earned their 50 BTC for generating a Bitcoin block in 2009 – the year that the world’s pioneer cryptocurrency was launched by enigmatic Satoshi Nakamoto. Back then, a block reward constituted 50 BTC until the first BTC halving in 2012, when it was slashed to 25 BTC.
All five of these wallets transferred 250 BTC in total – an amount of Bitcoin valued at almost $16 million overall.
The price surge in the past 24 hours has been 3.36%. However, it was followed by a marginal drop, and at the time of this writing, BTC is changing hands at $63,545. This impressive growth was triggered by the decision of the Fed Reserve to slash the annual interest rate by 50 basis points.
This is the first interest rate cut initiated by the world’s most important central bank in the past four years, as it has pivoted to a dovish stance.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
