Dormant Bitcoin Whale Resurfaces After Decade: Full Story"

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Turning to recent news from the cryptocurrency world: according to on-chain data, an idle Bitcoin wallet untouched for over ten years has just been activated. Blockchain analytics firm Whale Alert reported this intriguing event about a dormant address containing 150 BTC (equivalent to $9,831,428), which has lain dormant for more than a decade but is now active once again. 
 
This incident adds fuel to the growing trend observed recently where ancient Bitcoin wallets have started reawakening after long periods of dormancy—an occurrence that invariably generates much speculation within crypto circles. 
 
These dormant wallets often hold substantial amounts of Bitcoins and are typically linked with early adopters or miners who acquired or mined these assets when their value was merely a fraction of what it stands at today. The sudden activation triggers curiosity about whether these so-called 'crypto-whales' plan on cashing out their holdings by selling them off or if they intend on transferring these funds elsewhere owing to changes in broader market trends. 
 
The surge in activity associated with dormant wallets underscores the enormous profits earned by early Bitcoin investors, whose initial modest investments have swelled into fortunes over time. As more such 'ancient whales' return into play within the marketplace, every move they make will likely attract intense scrutiny going forward. 
 
As per the latest figures available at press time, BTC had risen marginally—by around 0.48%—over the preceding 24-hour period to stand at $65,806. On Friday, Bitcoin touched a high of $66,550—the highest it has been since early August. 
 
In terms of its performance so far in 2024, Bitcoin has risen by an impressive 56%, buoyed primarily by flows into U.S.-based exchange-traded funds dealing in this cryptocurrency. However, despite these gains, BTC still lags behind its record peak of $73,798 set back in March. For September alone though, BTC has grown nearly 11.31%—a significant improvement over the average decline of around 5.9% that it typically experiences during this month based on historical data from the past ten years. 
 
The largest cryptocurrency globally (in terms of market capitalization), Bitcoin is poised for one of its best-ever performances for September as worldwide interest-rate cuts spearheaded by the United States Federal Reserve contribute towards breaking what many consider a seasonal jinx.