Satoshi Nakamoto’s fortune falls under Halloween curse

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But in 2008, the day took on new meaning for the digital world. On this day, an individual or a group of developers, using the pseudonym Satoshi Nakamoto, released a nine-page white paper that laid the foundation for Bitcoin (BTC). The rest, as they say, is history.Satoshi’s identity and whereabouts remain one of the internet’s greatest mysteries. Yet, if they are still around, the recent slide in Bitcoin’s price might be giving them a fright.Despite the decline, Satoshi still ranks among the world’s richest, wealthier than Mukesh Ambani, Michael Bloomberg and Bill Gates, according to Arkham Intelligence.Related: What is Crypto? Cryptocurrency explainedAs per Arkham Intelligence, the value of Satoshi’s holdings went down by $5.03 billion in 24 hours, to a total of $117.3 billion on Oct. 30.The valuation of Satoshi's BTC holdings is still significantly higher than the U.S. government's $37.7 billion holding.This comes as Bitcoin (BTC) extends its recent decline. At the time of writing, BTC was trading at around $107,323, down 3.7% over the past 24 hours.The drop followed gloomy comments from the Federal Reserve chair Jerome Powell, which prompted traders to scale back their expectations for further rate cuts."A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it."Although the Fed lowered its benchmark rate by 0.25%, data from CME Group’s FedWatch Tool shows the probability of another cut in December has fallen to 70% from 90%.Analyst who predicted 'Liberation Day' crash says Trump should ask China to buy 'Bitcorns'Elon Musk is a Polymarket userU.S. makes shocking move to counter China’s de-dollarization pushOctober has not been kind to Bitcoin or the broader crypto market. After Bitcoin surged to a new all-time high above $126,000 during the first week of the month, prices tumbled sharply in the second week following remarks from former United States President Donald Trump, threatening to impose 100% tariffs on Chinese imports.The comments triggered a broad sell-off across digital assets, wiping out more than $19 billion in open positions within hours. Since then, despite a U-turn in the decision and even a positive meeting with Chinese President Xi Jinping, the broader crypto market is still reeling.Speaking to TheStreet Roundtable, former Goldman Sachs analyst Nic Puckrin issued a severe warning, predicting further volatility in the crypto market over the coming weeks.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,840.20 +17.86 (+0.26%)Dow 3047,562.87 +40.75 (+0.09%)Nasdaq23,724.96 +143.81 (+0.61%)Russell 20002,479.38 +13.43 (+0.54%)VIX17.44 +0.53 (+3.13%)Gold3,996.50 -19.40 (-0.48%)PortfolioSign in to access your portfolioSign inTop gainersBHF Brighthouse Financial, Inc. 57.07 +11.38 (+24.91%)ILMN Illumina, Inc. 123.54 +24.53 (+24.78%)TWLO Twilio Inc. 134.88 +22.02 (+19.51%)TVTX Travere Therapeutics, Inc. 35.16 +5.51 (+18.58%)BFAM Bright Horizons Family Solutions Inc. 109.23 +16.95 (+18.37%)Top losersATGE Adtalem Global Education Inc. 98.02 -43.75 (-30.86%)SPSC SPS Commerce, Inc. 82.24 -21.65 (-20.84%)TBBK The Bancorp, Inc. 65.37 -11.83 (-15.32%)DXCM DexCom, Inc. 58.22 -9.98 (-14.63%)ABR Arbor Realty Trust, Inc. 10.09 -1.46 (-12.64%)Most activeNVDA NVIDIA Corporation 202.49 -0.32 (-0.16%)AMZN Amazon.com, Inc. 244.22 +21.36 (+9.58%)PFE Pfizer Inc. 24.65 +0.36 (+1.48%)OPEN Opendoor Technologies Inc. 7.77 +0.43 (+5.86%)ONDS Ondas Holdings Inc. 6.44 +0.15 (+2.38%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 110,079.33 +192.05 (+0.17%)ETH-USD Ethereum USD 3,861.63 +4.68 (+0.12%)QS QuantumScape Corporation 18.44 +2.65 (+16.78%)HKD AMTD Digital Inc. 2.9500 +1.2600 (+74.56%)XRP-USD XRP USD 2.51 +0.03 (+1.02%)Top economic events