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Dormant Bitcoin Wallets Move $6.9 Million After 16 Years of Inactivity

(1 hour ago) · 1 source · Summarized by CryptoBipto

Bitcoin wallets that had been inactive for approximately 16 years have moved roughly $6.9 million worth of Bitcoin. The wallets date back to the early days of Bitcoin, when the cryptocurrency was worth a fraction of its current price.

WHY IT MATTERS

Bitcoin transactions are recorded on a public ledger called the blockchain, which means anyone can see when coins move between wallets, even if they do not know who owns those wallets.

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SOURCES

  • decrypt.co

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BTCBitcoin WalletsOn-Chain ActivityEarly Bitcoin HistoryLong-Term Holders