The dollar value of 1.09 million Bitcoins (BTC), estimated to belong to the digital currency's anonymous creator Satoshi Nakamoto, has fallen by about $5 billion in the past 24 hours.
your fortune Increase from approximately $123.3 billion to $118.4 billionafter the recent Bitcoin price correction.
During the last week, Bitcoin price showed severe volatilityas seen in the following graph, the downward trend became noticeable from October 28th to 30th, with the asset falling from levels around USD 116,000 on Monday, October 27th to a range of USD 106,000 on the 30th.
Although prices have shown some recovery in the past few hours, It is trading at nearly 110,500 USD. According to the CriptoNoticias price calculator.
Despite this temporary loss, Satoshi Nakamoto's fortune still belongs to one of the world's largest fortunes. According to the World's Rich List, his wealth (measured in fiat currency) continues to exceed that of industrialists such as Mukesh Ambani, Michael Bloomberg and Bill Gates.
Recent market movements can be attributed to widespread profit taking and expectations for new US monetary policy decisions. Analysts such as Brazilian Andre Charlegre, who consulted with CriptoNoticias, point out that: Volatility is likely to continue over the next few daysAmid uncertain macroeconomic conditions and increasing risk aversion in global financial markets.
