Bitcoin (BTC) Slumps to $61K as Dormant Satoshi-Era Whale Wallet Stirs After 14 Years of Inactivity

The cryptocurrency market faced a significant downturn once again today after showing signs of a potential recovery. While the Bitcoin (BTC) price fell to the $61,000 level, similar weakening price movements were seen in altcoins such as Ethereum (ETH), Solana (SOL) and XRP.

The cryptocurrency market paused today after showing signs of a potential recovery. While the Bitcoin (BTC) price fell to the $61,000 level, similar weakening price movements were seen in altcoins such as Ethereum (ETH), Solana (SOL) and XRP. Meanwhile, a whale from the Satoshi era was seen waking up. Here are the details…

Bitcoin and other cryptocurrencies paused today

Today, the global cryptocurrency market cap decreased by 1.49% to $2.25 trillion. Additionally, global cryptocurrency market volume decreased by 15.93% to $57.46 billion. The BTC price chart traded at $61,125.51, registering a 1.30% decline in the last day. The leading cryptocurrency’s 24-hour lows and highs were $60,695.19 and $61,968.81, respectively. Notably, BTC ETFs recorded only $21.4 million in inflows on June 26, according to Farside data. Bitcoin’s market value reached $1.2 trillion today. Additionally, BTC’s dominance decreased by 0.13% in the last day to 53.31%.

ETH price showed a horizontal trend and was traded in both red and green zones. Ethereum traded at $3,381.61, down 0.24% from yesterday. The 24-hour low and high were $3,328.39 and $3,412.04 respectively. Ethereum’s market value stood at $406.06 billion today. SOL price lost 0.86% today, falling to $137.10. Solana’s 24-hour low and high were $134.93 and $139.31 respectively. At the same time, Ripple Labs-backed crypto asset XRP traded at $0.469, down 1.30% today. Its 24-hour lows and highs were valued at $0.4662 and $0.4756 respectively.

Dogecoin (DOGE) price decreased by 3.77% to $ 0.1224, while Shiba Inu (SHIB) was traded at $ 0.0000172 today, with a decrease of 3.75%. Similarly, popular names in the meme coin market, Pepe Coin, Floki Inu and Dogwifhat, also experienced price declines between 1% and 6%. Kaspa (KAS) price increased by 11.87% to $0.1815. Maker (MKR) price increased by 5.80% to $2,490. Akash Network (AKT) price increased by 4.37% to $3.24. Lido DAO (LDO) price increased by 3.88% to $2.44.

BTC whale took action

A dormant Satoshi-era miner wallet was resurrected after 14 years of inactivity, and 50 BTC was transferred to the Binance crypto exchange. This move by the miner comes amid ongoing capitulation and post-halving volatility in Bitcoin prices, sparking a maelstrom of speculation among market participants.

A miner wallet woke up after being dormant for 14 years and deposited 50 $BTC($3.05M) to #Binance 7 hours ago.

The miner earned 50 $BTC from mining on July 14, 2010.

Address:1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm pic.twitter.com/toKmBfbUne

According to Lookonchain, the miner earned 50 BTC from mining on July 14, 2010, shortly after the BTC network first went live. This period is known as the Satoshi era, a period from late 2009 to 2011 during which Satoshi Nakamoto, the pseudonymous founder of Bitcoin, broadcast live on public forums.

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