An ancient Bitcoin address from 2012 has sprung back to life
This is the fifth ancient Bitcoin address that has been activated over the past week, according to Whale Alert data. On July 25, an address containing as many as 750 coins sprung back to life after 11.2 years of inactivity. The Bitcoin fortune was valued at $48 million at that time. Earlier this month, there were several other Bitcoin addresses with more $10 million worth of BTC that were activated after more than a decade of hibernation.
at $69,737 after adding more than 3% over the past 24 hours. Its market cap is now approaching $1.4 trillion. However, it remains to be seen whether Bitcoin will be able to find a firm footing above $70,000. So far, it has managed to spend only 14 days above that level. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
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