Bitcoin last traded at one cent 14 years ago, now at $62,527, down 0.70%

From Investing.com

October 8, 2024 2:30:21 pm:

Fourteen years ago today, Bitcoin was last traded at the humble price of one cent, marking a significant milestone in the history of digital currencies. Since then, Bitcoin’s price has skyrocketed, reaching an all-time high of about $74,000 in March this year.

Bitcoin’s price is currently down 0.70% in the last 24 hours to $62,527, fluctuating between a high of $64,467 and a low of $61,976. Traders are awaiting Federal Reserve meetings this week for further positioning clues, including FOMC minutes and crucial economic data from August.

Whale behavior on the market is being closely watched, with new whales investing $108 billion and older whales investing $113 billion since Bitcoin’s inception. As the ratio between new and old whales is now nearly equal, at 48:51, this generational shift is significant for the market.

Read more at Investing.com: Bitcoin Last Traded at One Cent This Day 14 Years Ago By U.Today