Bitcoin hits all-time high, ancient whale revives with massive profit; positive.

From Investing.com

December 3, 2024 08:00 AM:

Bitcoin has hit an all-time high, prompting an ancient whale to make a comeback. After 10.9 years of dormancy, the whale moved 50 Bitcoin, now worth $4,806,870. The price of Bitcoin has surged to $95,411.97, with projections indicating a potential rise to $250,000 by 2025.

The whale transferred 47 BTC to an unknown address and 3 BTC to a Coinbase exchange wallet. The emergence of dormant Bitcoin holders has increased in recent months, impacting the market but sustaining overall growth. Expert predictions suggest further price increases for Bitcoin, with the potential for a surge if the Fed cuts interest rates.

Read more at Investing.com: Ancient Bitcoin Wallet Revives With Staggering 10,817% Profit: Details By U.Today