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Reading: Bitcoin Searches Bottom for the First Time Since 2023 11.9-Year-Old BTC Wallet Moves
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Bitcoin Searches Bottom for the First Time Since 2023 11.9-Year-Old BTC Wallet Moves
Bitcoin and BTC

Bitcoin Searches Bottom for the First Time Since 2023 11.9-Year-Old BTC Wallet Moves

vitalclick
Last updated: September 5, 2024 1:42 pm
9 months ago
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Bitcoin on January 3, 2009 $57,013.95 When it was launched, perhaps no one or a handful of people thought it would reach this point. Bitcoin, Satoshi Nakamoto’s gift to the world, has increased in popularity over time and has reached a market volume of trillions of dollars over the years. In this process, as a reflection of the traceability of cryptocurrencies on the network, the existence of many old investors is also known as the dates they created their wallets. A Bitcoin whale was seen moving BTCs that he had bought years ago in the past hours.

Bitcoin Search VolumeBitcoin’s Old Wallet Move

Bitcoin Search Volume

The recent volatile price movements in Bitcoin continue to worry investors. Google searches, which peaked during the period when BTC reached its ATH, then gradually decreased. Drawing attention to the issue Ali Martinez He explained with a graph that BTC search volume fell to its lowest level since 2023. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!

Martinez’s statement on the subject in X was as follows:

Google searches for the term “#Bitcoin” have reached their lowest level since August 2023!

Bitcoin and Ethereum in the long-running market decline $2,405.88 Considering that other cryptocurrencies such as Bitcoin have created great concerns about their future, it would not be wrong to say that this is one of the expected results.

Bitcoin, Ripple $0.552217 and it can be thought that cryptocurrency investors may have turned to other investment areas for now, depending on market conditions, which may cause search habits to change.

In all this low interest environment, another important development took place and a whale’s move attracted attention.

Bitcoin’s Old Wallet Move

A Bitcoin investor, who was seen purchasing BTC for a very small payment 11.9 years ago, in the early stages of Bitcoin, was seen moving his wallet for the first time after that time.

The move made by the wallet owner Whale Alert got stuck and the app reported that 31 BTC (current value of approximately $1.8 million) were moved. The low interest was also reflected in the gas fee paid, with only $11.28 spent on this transaction.

On the other hand, all eyes were on the price of Bitcoin. Yesterday JOLTS After the data, BTC, which was seen to rise to $ 58,500, was seen to fall again to $ 56,700 today, which still represented a 0.15% increase in the last 24 hours. Despite the increase in the BTC price, the transaction volume was $ 30.4 billion after a decrease of 8.80%. Coinmarketcap reflected.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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