PakGazette – In a tweet, historian Pete Rizzo shared a significant moment from 16 years ago about Hal Finney, an early Bitcoin pioneer who worked on Bitcoin when its value was still $0.
On January 21, 2009, Hal Finney, a computer scientist and one of the first people to run Bitcoin software, tweeted about his work on Bitcoin. This tweet has resurfaced, attracting interest from the cryptocurrency community. At the time, Bitcoin was a fledgling project and its value was essentially zero.
Finney had tweeted: “Looking for ways to add more anonymity to bitcoin.” The discovery of this 16-year-old tweet provides a glimpse into the early days of Bitcoin. It also reminds the crypto community of the vision and dedication that has catapulted Bitcoin from obscurity to becoming a trillion-dollar asset.
On January 12, 2009, Finney received the first Bitcoin transaction from pseudonymous Bitcoin creator Satoshi Nakamoto. His early contributions to the development of Bitcoin have left an indelible mark on the history of the cryptocurrency.
Despite battling ALS, Finney continued to support and work on Bitcoin until his passing in 2014.
What do indicators reveal about Bitcoin?
The price of Bitcoin has fluctuated significantly this week, reaching a new all-time high of $109,358 before plummeting and then stabilizing above $100,000.
At the time of writing, Bitcoin was up 0.68% in the last 24 hours to $104,436, with a current market capitalization of $2.07 trillion.
According to Glassnode, Bitcoin’s Binary Coin Days Destroyed (CCD) indicator suggests a decline 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 (LTH) holders are showing signs of returning to accumulation. Following a sharp $100,000 sell-off, Glassnode reported that LTH supply is currently increasing. A similar trend was observed after the local intracycle peak recorded in March last year.
