NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Bitcoin Shows Signs of Weakness as 11-Year-Old Wallet Moves 50 BTC

Cole Petersen
Cole Petersen
5 years ago
2 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto market was surprised to find that an 11-year-old Bitcoin wallet from early 2009 – just after the cryptocurrency’s launch – is now moving BTC.

This has sparked a plethora of theories to emerge regarding whether or not it is Satoshi himself – or one of his associates – that is moving the cryptocurrency.

News of this wallet moving its decade-old Bitcoin has also triggered some concerns that the cryptocurrency could soon see a massive torrent of selling pressure placed on it by whoever may own this wallet.

This has caused Bitcoin’s price to see a slight decline, which could be perpetuated if any further BTC is moved from this wallet addresses.

Bitcoin Declines Slightly as a 2009 Wallet Moves 50 BTC

At the time of writing, Bitcoin is trading down roughly 1% at its current price of $9,600. This marks a slight decline from daily highs of $9,800 that were set just before news of the 50 BTC transaction broke.

The reason why this is concerning to some investors is because it is unclear as to why an original Bitcoin wallet address would be moving BTC now after 10 years of inactivity.

Joseph Young, a popular cryptocurrency analyst and journalist, spoke about the development in a recent tweet, questioning why someone would suddenly be moving this BTC despite there being no notable changes or developments within the market.

“50 BTC from Feb 2009 is moving. That’s just one month after first bitcoin block was mined. There is not a lot of people who can do this, perhaps close associates of Satoshi. My question is why, not who, is sending 50 BTC for the first time in more than 10 years.”

Young further went on to add that there may have been a few Bitcoin miners existing in 2009, with this wallet potentially belonging to one of them.

“Some say that there were a few bitcoin miners back in 2009 as well, and it could be an OG miner sending some BTC around.”

Wallet Owner Splits BTC Into Micro-Transactions 

According to on-chain data from Blockchair, it appears that the wallet’s owner split the transaction in two, sending 40 BTC initially followed by another 10 BTC transaction.

Blockchain data and analytics firm Glassnode spoke about the transaction, explaining that they have found that minor amounts of the BTC was sent to Coinbase and CoinPayments.

“According to our information minor amounts of this Bitcoin transaction have moved into to Coinbase (0.004 BTC) and CoinPaymentsNET (0.003 BTC).”

https://twitter.com/glassnode/status/1263127206324252673

NewsBTC will continue providing regular updates as any new information regarding this wallet emerges.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin & Ethereum

Crypto Suffers Nearly $1 Billion In Liquidations As Bitcoin Extends Decline

The cryptocurrency derivatives market has been hit hard by the latest bearish continuation in Bitcoin and others as mass liquidations...

Keshav Verma 5 hours ago
Crypto news

Liquidity Wave Extends The Crypto Bull Run Into 2026, Predicts Raoul Pal

Raoul Pal believes the crypto cycle is not nearing a peak but entering a longer, more powerful expansion that can...

Jake Simmons 6 hours ago
Bitcoin

The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold

Bitcoin and Gold as stores of value often boil down to a single, critical distinction in the digital era of...

Godspower Owie 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana, MATIC, Worldcoin, SUI

Solana Freefall Ahead? SOL Price Risks Drop To $150 If This Critical Support Fails

Rubmar Garcia 3 hours ago

山寨幣季熱度再升溫:從Zcash隱私敘事到PepeNode遊戲化挖礦百倍幣預期

Mark Mak 3 hours ago
Crypto

70% Decline In Corporate Crypto Treasury Buying: What’s Going On?

Ronaldo Marquez 4 hours ago

Premium Sponsors

Press Releases

  • Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena, którego cena wynosi 0,03 zł, a celem jest 12 000 zł

    Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena...

    12 hours ago
  • Táto alternatíva Shiba Inu (SHIB) v nasledujúcich týždňoch prekoná očakávania a vyskočí z $0,00000012 na $15

    Táto alternatíva Shiba Inu (SHIB) v nasledujúcich...

    14 hours ago
  • Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących tygodniach wzrosnąć z 0,03 zł do 6 000 zł

    Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących...

    15 hours ago
  • イーサリアム...

    17 hours ago
  • 重要な経済指標を前に、市場は警戒感を強める

    ビットコイン 今後...

    17 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.