PK Press Club – In a tweet, historian Pete Rizzo shared an important moment from 16 years ago about Hal Finney, an early Bitcoin pioneer working on Bitcoin when its value was still $0.
On January 21, 2009, Hal Finney, a computer scientist and one of the first to use Bitcoin software, tweeted about his work on Bitcoin. This tweet has resurfaced, sparking interest among the cryptocurrency community. At that time, Bitcoin was a fledgling project and its value was practically zero.
Finney tweeted: “I’m looking for ways to add more anonymity to bitcoin.” The discovery of this 16-year-old tweet provides insight into the beginnings of Bitcoin. It also reminds the crypto community of the vision and dedication that propelled Bitcoin from obscurity to an asset worth billions of dollars.
On January 12, 2009, Finney received the first Bitcoin transaction from pseudonymous Bitcoin creator Satoshi Nakamoto. His early contributions to the development of Bitcoin left an indelible mark on the history of cryptocurrency.
Despite his struggle with ALS, Finney continued to support and work on Bitcoin until his death in 2014.
What Bitcoin Indicators Reveal
The price of Bitcoin fluctuated significantly this week, reaching a new all-time high of $109,358 before falling and then settling above $100,000.
At the time of writing, Bitcoin was up 0.68% over the past 24 hours to $104,436, with a current market cap of $2.07 trillion.
According to Glassnode, Bitcoin’s Binary Coin Days Destroyed (CCD) indicator suggests a decrease in long-term holder activity. In practical terms, this suggests that selling pressure has eased and the market may need new catalysts to unlock supply.
Additionally, long-term holders (LTH) are showing signs of returning to accumulation. After a strong sell-off to $100,000, Glassnode reported that LTH supply is currently on the rise. A similar trend was observed after the local intra-cycle peak in March last year.
