The Bitcoin Whale of the Satoshi Era Awakened: Were Prices Affected?

The cryptocurrency market faced a significant setback today once again after showing signs of a potential recovery. While the price of Bitcoin (BTC) fell to the level of $ 61,000, similar weakening price movements were observed in altcoins such as Ethereum (ETH), Solana (SOL) and XRP. Meanwhile, a whale from the Satoshi era was seen waking up. Here are the details…

Bitcoin and other cryptocurrencies paused today

Today, the global cryptocurrency market value decreased by 1.49% to $2.25 trillion today. Additionally, global cryptocurrency market volume decreased by 15.93% to $57.46 billion. The BTC price chart traded at $61,125.51, registering a 1.30% decline in the last day. The leading cryptocurrency’s 24-hour lows and highs were $60,695.19 and $61,968.81, respectively. Additionally, according to Farside data, BTC ETFs recorded an inflow of just 21.4 million dollars on June 26. Bitcoin’s market value reached 1.2 trillion dollars today. Additionally, BTC’s dominance decreased by 0.13% in the last day, falling to 53.31%.

ETH price showed a horizontal trend and saw movement in both red and green zones. Ethereum traded at $3,381.61, down 0.24% from yesterday. The 24-hour low and high were $3,328.39 and $3,412.04 respectively. Ethereum’s market value stood at $406.06 billion today. SOL price lost 0.86% today, falling to $137.10. Solana’s 24-hour low and high were $134.93 and $139.31, respectively. At the same time, Ripple Labs-backed crypto asset XRP traded at $0.469, down 1.30% today. The 24-hour low and high were valued at $0.4662 and $0.4756, respectively.

While Dogecoin (DOGE) price decreased by 3.77% to $ 0.1224, Shiba Inu (SHIB) traded at $ 0.0000172 today, with a decrease of 3.75%. For example, Pepe Coin, Floki Inu and Dogwifhat, well-known names in the breast coin market, also experienced price decreases between 1% and 6%. Kaspa (KAS) price increased by 11.87% to $0.1815. Maker (MKR) price increased by 5.80% to $2,490. Akash Network (AKT) price increased by 4.37% to $3.24. Lido DAO (LDO) price increased by 3.88% to $2.44.

BTC whale took action

Meanwhile, Lookonchain’s latest update has taken the broader crypto industry by storm. Today, on June 27, the platform revealed that a dormant Satoshi period miner wallet was resurrected after 14 years of inactivity and 50 BTC was transferred to the Binance crypto exchange. This move by the miner, amid ongoing capitulation and post-halving volatility in Bitcoin prices, has set in motion a maelstrom of speculation among market participants.

Lookonchain’s data shows 50 BTC worth $3.05 million transferred to Binance, one of the world’s leading crypto exchanges. During the deposit process, the miner address 1PDTDwpgR was recorded. Interestingly, this address received 50 BTC as of July 14, 2010, shortly after the BTC network went live for the first time. This period is known as the Satoshi era, a period from late 2009 to 2011 during which Bitcoin’s pseudonymous founder, Satoshi Nakamoto, broadcast live on public forums.