The whale moved 47 BTC to an unknown address, while 3 BTC went to a Coinbase (NASDAQ:COIN) exchange-designated wallet.
The price of Bitcoin has recorded a major shift over the past decade. Right now, all old investors in Bitcoin are in profit, with the price now sitting comfortably at $95,411.97, up by 0.78% in the past 24 hours. The current outlook and accrued gains make this period a good time to leave dormancy.
Over the past few months, the number of BTC whales that have risen from dormancy has grown considerably. Though their emergence places selling pressure on Bitcoin, the broader market hype is helping to sustain the coin’s growth overall.
Experts like Fundstrat’s Tom Lee are optimistic that the coin may eventually hit the $250,000 price mark by 2025. The odds are in the favor of the coin, with the FedWatch Tool showing high expectations of another interest rate cut this month.
If this projection holds, it can spur a surge in the price of Bitcoin, complemented by the spot Bitcoin ETF’s record inflow rate.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
