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07/05 00:42

14-Year-Old Bitcoin Moves Sparks New Satoshi Rumor

14-Year-Old Bitcoin Moves Sparks New Satoshi Rumors

The price of Bitcoin (BTC) fell on Independence Day, coinciding with a massive whale moving coins for the first time in over a decade.

The BTC/USD exchange rate fell nearly 2%, falling below the key $108,000 level, according to data from Cointelegraph Markets Pro and TradingView.

Onchain data showed that Bitcoin OG, which has been dormant for 14 years, moved half of its 80,000 BTC, likely with the intention of selling. If it does, the holder will turn an initial $62,000 investment into about $4 billion.

 Naturally, the address's discovery has sparked speculation that the transaction could be linked to Satoshi Nakamoto, the pseudonymous creator of Bitcoin who disappeared more than a decade ago. 

The move comes at a time when corporate adoption of Bitcoin is on the rise. Industry data shows that 255 companies currently hold a total of 3.47 million Bitcoins, representing about 3.97% of the total supply. 
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