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- Dormant Satoshi-Era Wallet Moves $180M BTC to Coinbase
Dormant Satoshi-Era Wallet Moves $180M BTC to Coinbase
A 14-year-dormant Bitcoin wallet transferred 2,000 BTC ($180M) to Coinbase, raising questions about market impact as Bitcoin nears $100K.
What we will talk about today...
XRP Surges 17%, Outperforming Crypto Market
Cathie Wood: Bitcoin Could Reach $1.5M by 2030
Dormant Satoshi-Era Wallet Moves $180M BTC to Coinbase

XRP outpaces the crypto market with a 17% rally, fueled by regulatory shifts and bullish sentiment, signaling potential for sustained growth.
This $XRP breakout of the 3-yr downtrend means one thing
Massive rally incoming
— Mikybull 🐂Crypto (@MikybullCrypto)
2:36 PM • Nov 14, 2024
Main Points:
Impressive Gains: XRP climbs 17% to $0.8479, outperforming Bitcoin (-4%) and Ether (-6%).
Regulatory Tailwinds: Lawsuit against the SEC and Trump’s presidency fuel optimism.
Open Interest Spike: XRP’s open interest jumps 20%, indicating strong investor confidence.
Technical Breakthrough: XRP breaks a multiyear downtrend, setting sights on $1 resistance.
Detailed Insights:
Regulatory Boost: Lawsuit by 18 states against SEC overreach sparks optimism for clearer, crypto-friendly policies under Trump.
Market Confidence: Open interest reached $1.3 billion, signaling growing investor commitment.
Technical Indicators: XRP’s breakout above a three-year descending trendline with $1 as a key short-term target.
Long-Term Potential: Analysts predict a 40x surge in a favorable regulatory environment, building on historical resilience during the SEC lawsuit.
BREAKING: Just minutes after Gary Gensler released a statement suggesting he may be leaving the SEC, 18 US states have sued the SEC, according to Fox News.
These 18 states are accusing the SEC of unconstitutional overreach and unfair persecution of the crypto industry.
The suit… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
8:01 PM • Nov 14, 2024
XRP’s rally underscores its potential to benefit from regulatory clarity, with bullish momentum pointing to further price gains.

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Cathie Wood: Bitcoin Could Reach $1.5M by 2030
ARK Invest CEO Cathie Wood envisions Bitcoin soaring to $650K–$1.5M by 2030, driven by regulatory clarity and institutional adoption.
Based on @dpuellARK’s on-chain analytics and analysis, the bull market in bitcoin is in good shape. After its halving in April, growth in the supply of bitcoin dropped to 0.9%, below the long term growth in the supply of gold for the first time!
— Cathie Wood (@CathieDWood)
11:39 PM • Nov 15, 2024
Main Points:
Bold Prediction: Base price forecast of $650K, with potential highs of $1.5M.
Key Drivers: Regulatory clarity and rising institutional interest boost Bitcoin’s appeal.
Historical Patterns: Bitcoin's price growth mirrors past cycles, signaling strong momentum.
2024 Growth: YTD price doubled, with projections of $104K–$124K by year-end.
Detailed Insights:
Regulatory Clarity: Wood highlights clearer crypto policies as a catalyst for broader adoption.
Institutional Adoption: Bitcoin’s unique attributes attract investors seeking diversification.
Cycle Trends: Bitcoin's current performance aligns with historical growth, up 114% YTD.
Future Outlook: Based on past cycles, Bitcoin could rise 15x to $243K by mid-2025.
Cathie Wood’s projection underscores Bitcoin’s potential as a transformative asset class, fueled by favorable market dynamics and institutional momentum.

₿itcoin reached $69,465. +2.21%
♢Ethereum reached $3,771. +1.47%

A 14-year-dormant Bitcoin wallet transferred 2,000 BTC ($180M) to Coinbase, raising questions about market impact as Bitcoin nears $100K.
A miner with 2,000 $BTC($180M) woke up after being dormant for over 14 years and transferred all 2,000 $BTC out today.
This miner earned 2,000 $BTC through mining in 2010 and has held it ever since!
bitinfocharts.com/bitcoin/wallet…
— Lookonchain (@lookonchain)
5:38 PM • Nov 15, 2024
Main Points:
Historic Move: A wallet inactive since 2010 moved 2,000 BTC to Coinbase.
Market Reaction: Large transfers often signal potential sell-offs, sparking trader concern.
Bitcoin Momentum: Despite short-term volatility, bullish trends remain strong.
Detailed Insights:
Wallet Background: Created in 2010 when BTC was <$0.10; holdings now worth $180M.
On-Chain Activity: Previous similar moves in 2024 had minimal long-term market effects.
Timing Matters: Coincides with $3.98B BTC/ETH options expiration, heightening volatility risk.
Analyst Outlook: Experts see no major derailment of Bitcoin’s path toward $100K milestones.
While intriguing, this transfer is a testament to Bitcoin's transformation into a globally significant financial asset.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results