Aurelia Butler

The chart showed Bitcoin’s price at a fraction of a cent, with $1 being enough to purchase over 10 BTC. Today, those same 10 BTC would be worth hundreds of thousands of dollars, highlighting the meteoric rise in BTC’s price.Back in 2010, Bitcoin was a relatively unknown digital currency, having launched the year before and was primarily used by a small group of enthusiasts and early adopters.From being worth mere cents to reaching all-time highs of nearly $74,000 this year, Bitcoin’s price growth has been nothing short of extraordinary. What began as an idea for a decentralized currency has grown into a multi-trillion-dollar market, attracting investors, institutions and governments worldwide.Recent weeks have seen numerous reactivations of several ancient Bitcoin wallets, whose value has skyrocketed astronomically as the price of Bitcoin increased.As reported today, a long-dormant Bitcoin wallet address was activated after 11.4 years. Back in 2013, the BTC stash was worth around $10,174. This has now skyrocketed to an astounding $3,274,741, representing a phenomenal 32,087% increase.Bitcoin reached a new high of $73,798 in mid-March, boosted by wagers on looser U.S. monetary policy and inflows into U.S. exchange-traded funds. The surge has recently eased, as has the pace of ETF inflows.At the time of writing, Bitcoin was up 0.37% in the last 24 hours to $61,087.This article was originally published on U.Today More

According to crypto trader and analyst Ali Martinez, the BTC bull-bear market indicator has been moving between the bearish and bullish ranges since early August. However, it appears that the sentiment has shifted now. Martinez mentioned that this crucial indicator has switched back to bullish again, predicting a huge Bitcoin price breakout.The renowned analyst shared a chart of Bitcoin’s key metric. It clearly shows that this metric has turned bullish after a prolonged period of hovering around both extremes. The chart shows that Bitcoin enters a bull run once this happens. This has been witnessed in history, hence, there is a strong likelihood of another BTC bull run.Meanwhile, the price of Bitcoin has started to support these bullish outlooks. As of now, BTC is trading at $60,815, a slight decrease of 0.66% in the last 24 hours. BTC was facing strong resistance around the $60,000 level in the recent past. However, it has successfully cleared this level now.It appears that BTC is now trying to turn this range into a support zone. Once it successfully accomplished this, it is likely that it will then target the next resistance at the $63,000 level. The signals from these metrics are also supporting this price outlook, and it is likely that a notable upward trend is in the cards for Bitcoin.This article was originally published on U.Today More

Back in 2013, these Bitcoins were worth around $10,174. Today, their value has skyrocketed to an astounding $3,274,741, marking a massive 32,087% gain.The sudden reactivation of this wallet has ignited curiosity and speculation. Why did the owner choose to revive it now, after more than a decade of inactivity? The timing and reasons behind the sudden activation remain unknown, adding to the already intriguing story.Dormant Bitcoin wallets are often believed to be owned by early Bitcoin adopters or miners.However, the identity of the wallet owner remains unknown, but the sudden activation has led to various speculations. It could be an early adopter who decided to cash in on the massive gains; it might also be a forgotten wallet that was recently rediscovered, or perhaps the owner decided to transfer the funds to a more secure wallet.The crypto market is trading higher in the last 24 hours as investors await Fed Chair Jerome Powell’s crucial comments.Powell is set to deliver a highly anticipated speech in Jackson Hole today, Friday, with market players expecting new details on the U.S. central bank’s interest rate cut plans.Earlier this week, the minutes from the Federal Reserve’s July meeting revealed that the “vast majority” of central bank officials “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”This article was originally published on U.Today More

PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after seeing over 70K transactions in just one week. The exclusive, small-batch offering consisted of 1,000 nodes priced at $400. The quick sell out signals promise of an eager community and anticipation for PlayFi’s network, which will make its debut on Mainnet in coming months. While PlayFi’s main node sale will take place later in 2024, the need for the Genesis Node Sale was apparent after the network’s surge in activity. These nodes power PlayFi’s network and are necessary to expand the network’s capacity. Genesis nodes serve as a critical piece to the network infrastructure for AI processing, data management and storage, and to ensure consistency across the entire protocol. “Selling out our first node sale in under 24 hours was an amazing signal from the community that they believe in our vision and understand the importance of nodes to grow the network,” said Ben Beath, founder of PlayFi. “While this node sale helps kickstart our network, participants are also having a direct impact on the future of live content. We’re thrilled to see that we have supporters who understand and believe in the same mission that PlayFi does to create a more powerful live content ecosystem.” The success of the Genesis Node Sale not only validates the need for a robust and scalable network but also highlights the community’s strong engagement with PlayFi’s vision. As more nodes come online, the network’s ability to handle high transaction volumes and support complex live content applications will only grow stronger.PlayFi is the first AI and data platform to enable web3 features to be built on top of live content. The protocol bridges the gap between content and actionable data, with infrastructure that allows studios and creators to seamlessly integrate blockchain primitives on top of games, streams, sports and entertainment content. PlayFi’s proprietary AI models extract data from content in realtime, validating it for authenticity and storing it on a high-availability data-edge network.Find out more about PlayFi’s nodes at https://www.playfi.ai/nodes and stay up to date with the latest news by following PlayFi on X. About PlayFiPlayFi is transforming the live content landscape by seamlessly integrating advanced blockchain technology and AI. Utilizing our secure, scalable zkEVM blockchain, PlayChain, and AI-driven decentralized network, PlayBase, we offer fast transactions, innovative content development, and enhanced live content experiences. PlayFi empowers content creators, developers, node runners, and studios to unlock new revenue streams and build category-defining experiences without compromising core engagement. Adopters include leading content creators and developers aiming to create a richer, web3-enhanced live content environment. Backed by top-tier investors and partners, PlayFi is building a more connected, secure, and vibrant content economy. Learn more: playfi.ai.ContactSr. PR ManagerLeslie [email protected] article was originally published on Chainwire More