{"id":596717,"date":"2024-03-07T13:00:41","date_gmt":"2024-03-07T13:00:41","guid":{"rendered":"https:\/\/uniquehot.com\/?p=596717"},"modified":"2024-06-11T08:18:07","modified_gmt":"2024-06-11T08:18:07","slug":"14-year-old-dormant-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/14-year-old-dormant-bitcoin\/","title":{"rendered":"14-Year Old Dormant Bitcoin Wallet Wakes Up To Crash BTC Price"},"content":{"rendered":"
The Bitcoin foray past its previous all-time high into new territory was short-lived as the crypto <\/span>dipped in the hours after<\/span><\/a>. On-chain data has shown an interesting scenario that contributed to selling pressure leading to the crash. According to Spot On Chain, a dormant Bitcoin address holding $67.1 million worth of Bitcoin recently came to life after 14 years of inactivity to sell all of its large holdings.<\/span><\/p>\n Bitcoin recorded a <\/span>new all-time high<\/span><\/a> of $69,200 during the week to surpass the previous record set in November 2021. This long-awaited Bitcoin milestone ignited a <\/span>strong feeling of euphoria<\/span><\/a> among crypto traders as it marked the first step to a<\/span> six-digit Bitcoin price<\/span><\/a>. However, this euphoria <\/span>was short-lived<\/span><\/a> as the new all-time high caused a wave of profit-taking among investors, which resulted in Bitcoin falling to $61,200 in the hours that followed.<\/span><\/p>\nBitcoin Wallet Wakes Up To Crash BTC Price<\/h2>\n