Bitcoin whale from 2014 gains 7,240% as Uptober begins, Bitcoin prices drop 8.46%.

From Investing.com

October 3, 2024 3:00:22 pm:

Whale Alert, a blockchain analysis firm, has detected a dormant Bitcoin wallet from 2014 becoming active again, showing massive gains of over 7,240% with 99 BTC now worth $6,097,440. This is the fourth ancient whale wallet to reawaken, potentially tied to the start of “Uptober” Bitcoin rallies historically in October.

Despite the start of “Uptober,” Bitcoin prices have dropped 8.46% due to geopolitical tensions in the Middle East, falling from $66,000 to $60,325. Some investors are selling Bitcoin for gold, but Bitcoin advocate Samson Mow remains bullish, predicting BTC may hit $1 million next year.

Read more at Investing.com: 7,240% Bitcoin Gains Made by Dormant BTC Whale as ‘Uptober’ Kicks Off By U.Today