The post Bitcoin Market Update: Dormant Address Activates Amidst Bullish Trends appeared first on Coinpedia Fintech News
Bitcoin (BTC) is currently priced at $62,995.60, with a market cap of $1.24 trillion, commanding a dominance of 53.52%. Over the past week, BTC has seen a 2.78% increase and a 7.01% rise over the past 30 days. Despite a slight 0.49% dip in the last 24 hours, transaction volume remains robust at $21.84 billion, with 346,753 BTC traded.
In a notable event, a dormant address containing 33 BTC ($2.14 million) was activated after 13 years, according to Whale Alert. This activation adds to the bullish sentiment, with 87.49% of addresses in profit and large transaction volumes surging by 84.1%. The hodler balance stands strong at $810.29 billion. Despite being 15% down from its all-time high, key indicators and renewed interest signal a positive outlook for Bitcoin.