Crypto Gloom

Historic Bitcoin mobilizes as market value rises

Historic Bitcoin mobilizes as market value risesAs the value of Bitcoin rose past $51,000, numerous long-dormant Bitcoin vaults began mobilizing long-unchanged unspent transaction output (UTXO). Cases involving ‘sleeping Bitcoin’ from 2009, 2010 and 2011 are fairly rare, but there has been a noticeable resurgence of older batches of coins since 2012 and 2013.