Bitcoin Price Exceeds $126,000, 14-Year-Old Wallet Makes $1.1 Billion Sale

After moving one step forward and two steps back for years, October became the month of ascent for the cryptocurrency market. First, Bitcoin, and then BNB, the cryptocurrency of the Binance exchange, broke their all-time records.

Bitcoin, which entered October with a drop of around 15% and worried investors, quickly recovered and set new records. It first surpassed the $125,000 level and then the $126,000 level, setting an all-time high.

Bitcoin Price Cheers Investors

The upward trend in the Bitcoin price became dominant for several reasons, including a step back in the Israeli occupation despite a lack of progress in the Russia-Ukraine war, and an increase in EFT inflows from institutional assets. Meanwhile, while an all-time high was expected from the Ethereum camp, the BNB cryptocurrency was the one to achieve it. BNB, which once traded below $1, broke a record at $1,250, marking a 10,000-fold increase. The shift of liquidity to the BNB network, especially through decentralized leverage exchanges like Aster, was instrumental in this surge.

In other news, it was announced that a mysterious wallet that bought 10,000 Bitcoins at $1.54 per coin in 2011 (paying a total of $15,400) went on a selling spree after 14 years, earning $1.1 billion. It is speculated that the owner of this wallet may have recently found their private keys after losing them.

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