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Bitcoin Wallet Moves 600 BTC After 14.2 Years of Inactivity
The transfer was valued at $51.15 million. Bitcoin later traded at $84,490, below its late-Monday high of $87,341.
Mentioned assets
A Bitcoin (BTC) wallet inactive for 14.2 years transferred 600 BTC worth $51.15 million as the cryptocurrency traded below a recent high.
Bitcoin reached $87,341 late Monday, its highest level since January. In the latest reading, it traded at $84,490, up 0.63% over 24 hours.
The wallet movement does not by itself establish that the holder intends to sell. The coins were not identified as having been sent to a cryptocurrency exchange.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.