Dormant Bitcoin wallet activation sparks speculation

Chain analysis data does not indicate a direct relationship between Bitcoin price performance and the activation of legacy wallets. Despite the curiosity surrounding the sudden dormant wallet activity, there is no concrete evidence to suggest that it affected the current price of Bitcoin. Currently, Bitcoin is trading at $65,296.60 with a market cap of $1.28 trillion. While the price is still high, the 24-hour trading volume saw a slight decline to $18.27 billion. Investors continue to monitor developments in the cryptocurrency market, including the prospects for monetary easing in the United States and the implications of potential monetary tightening cycles around the world.

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