US investors are leaping into Bitcoin as more of its supply gets sucked away by long-term holders.
Bitcoin ’s performance this year is modeling that of previous 4-year market cycles, signaling the early innings of another potential bull market, according to market analysis firm Reflexivity Research.
Each event has “unequally benefitted digital gold relative to other digital assets in the market,” the report stated. Bitcoin now comprises over 50% of crypto’s total market cap, with bulls like Michael SaylorOutsized interest in Bitcoin is visible in the futures market, where Bitcoin perpetual futures are “clearly diverging away” from Ether perpetual futures.
The number of Bitcoin addresses holding over 1 BTC crossed 1 million for the first time ever this quarter, and the network settled roughly $2 trillion in transactions during that time.and Santiment, Reflexivity said Bitcoin’s supply held by long-term holders is now relatively high, meaning market participants aren’t planning to sell their coins anytime soon.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
3 Reasons Why Bitcoin (BTC) Is Dropping Below $30,000Cryptocurrency market getting 'reality-checked' after first cryptocurrency plunges below $30,000 for brief moment
Leer más »
71,000 BTC Bought by Bitcoin Whales in Latest Accumulation Move: DetailsBitcoin whales grabbed 71,000 BTC in most recent accumulation move $BTC
Leer más »
‘No, we’re not smuggling people’ - Bitcoin advocate tours Europe in BTC-styled vanLa Bitcoineta has had a wild time driving Bitcoin adoption across Europe in a Bitcoin van 🚌🚌🚌
Leer más »
BTC Defends $30K After BlackRock Refiled its Spot Bitcoin ETF Application: This Week’s Crypto RecapThe recent spot BTC ETF applications have had positive effects on the asset's price, but also on Grayscale's largest fund.
Leer más »
Arthur Hayes Presents Two Mind-Blowing Bitcoin (BTC) PredictionsBitcoin to $760,000? Arthur Hayes does not refute this idea in his latest essay bitcoin btc btcusdt $btc
Leer más »
Solana (SOL) Shoots Up 12% Daily, Bitcoin (BTC) Maintains $30K: Weekend WatchAside from SOL, the other notable gainer from the larger-cap alts is Avalanche (AVAX).
Leer más »