Bitcoin wallet with 32,087% gains awakens after 11 years, sparking intrigue

From Investing.com
August 23, 2024 12:00:20 pm:

A dormant Bitcoin wallet containing 54 BTC ($3,274,741) has been reactivated after 11.4 years, gaining a massive 32,087% from its 2013 value of $10,174. The sudden revival has sparked intrigue and speculation about the owner’s motives and identity, with various theories circulating within the crypto community.

BTC is trading at $61,048, up 0.35% in the last 24 hours, with intraday highs of $61,435. Market players are eyeing Federal Reserve Chair Jerome Powell’s speech at Jackson Hole for insights into interest rate cut plans, following the Fed’s signal of potential policy easing at the upcoming meeting.

Powell’s address comes after the Fed’s July meeting minutes indicated a willingness to adjust policy if data aligns with expectations, hinting at possible rate cuts in the interest of economic stability. As investors hold their breath for Powell’s remarks, the crypto market remains in a state of anticipation.

Read more at Investing.com: Ancient Bitcoin Wallet Awakens After 11 Years With Massive 32,087% BTC Gains By U.Today