Satoshi is back? Over $16 million in Bitcoin from wallets last active in 2009 are on the move

• More than $16 million worth of Bitcoin mined in 2009 was transferred on Friday.
• Ethereum gains more than 3% as spot Ethereum ETFs end a three-day streak of outflows with inflows of $5.2 million on Thursday.
• XRP falls slightly as Ripple holders await the Securities and Exchange Commission’s next steps in the ongoing legal battle.

Bitcoin, Ethereum, XRP Updates

• Bitcoin is trading above $63,400 early Friday. The largest crypto asset by market cap notes the activity in Bitcoin wallets that hold BTC that was mined in 2009. On-chain data intelligence firms have identified several miners from the Satoshi era (when Bitcoin’s creator was active between 2009 and 2011), moving BTC kept in their wallet addresses.

• The movement of Bitcoin held by miners is of importance to traders because it could be a “profit-taking” movement, influencing the price of BTC.
• Ethereum is trading above key support at $2,500 on Friday, gaining nearly 4%. U.S. Ethereum spot ETFs ended their three-day losing streak and saw $5.2 million inflows on Thursday, according to data from Farside Investors.

Ethereum ETF flows

• XRP is down 0.03% to $0.5869 at the time of writing. It remains to be seen whether the Securities & Exchange Commission will appeal the final decision in the case against Ripple Labs.

Chart of the day: PUNDIX

Pundi X (PUNDIX) ranks among the most popular tokens on Binance. PUNDIX rose 22% on Friday, hitting a high of $0.4925 before retreating to $0.4644 at the time of writing.

PundiX has unveiled Purse+, the first of its kind artificial intelligence (AI) plugin and social integration browser for users. Enabling the extension qualifies users for ecosystem rewards.

The token could gain another 14.53% and reach the upper limit of the fair value gap (FVG) at $0.5331 – a key resistance level for PUNDIX – if the rally persists. On its way to $0.5331, the token could face resistance in two areas: between $0.5110 and $0.5331 and between $0.4944 and $0.4816.

The MACD (Moving Average Convergence Divergence) indicator shows green histogram bars above the neutral line, signaling an underlying positive momentum in the PUNDIX price trend.

PUNDIX/USDT Daily Chart

Looking to the downside, the asset could find support at the September 18 low at $0.3633.

Market updates

• MicroStrategy announced the purchase of 7,420 Bitcoins for nearly $458.20 million. The firm purchased Bitcoin at an average price of $61,750.

• Germany has shut down the operations of 47 crypto exchanges hosted in the country, according to information in a press release issued by the German government on September 19.
• These exchanges allegedly facilitated illegal money laundering activities for cybercriminals, law enforcement agencies in the country said.
• The dYdX community votes to add SUNDOG, a Tron-based meme coin, to the exchange on Friday. Meme coins were one of the most profitable token categories for traders in the first half of 2024.

Industry updates

• Ebi.xyz emerges as one of the fastest growing decentralized exchanges on the Arbitrum chain, with over 145,000 new users registered in one week. This suggests the growing adoption of DEXs among traders.
• Binance, one of the largest crypto exchanges, has announced assets that can be borrowed at flexible rates.

• About 97 million USDT inflows to centralized exchanges were attributed to addresses linked to Cumberland. Cumberland is a professional crypto trading firm. Crypto intelligence tracker Solid Intel shares details of on-chain transfers:

Usually, an influx of stablecoins on exchanges represents the demand for cryptocurrencies and could be accompanied by an increase in crypto prices.