Bitcoin Addresses Holding $1 Million Goes ‘Parabolic,’ 10% of BTC Supply Sits Idle for 10 Years

While bitcoin trades above the $20k handle, onchain data shows that the number of bitcoin addresses holding at least $1 million has climbed substantially increasing by more than 150%. Moreover, Glassnode’s statistics indicate that roughly 1.85 million bitcoin hasn’t moved in over a decade. At the time of publication, bitcoin (BTC) is hovering just below […]

The post Bitcoin Addresses Holding $1 Million Goes ‘Parabolic,’ 10% of BTC Supply Sits Idle for 10 Years appeared first on Bitcoin News.
http://dlvr.it/Rnyrlm

You might be interested in …

End of Western Union Remittance Service to Cuba a Boon for Crypto

Uncategorized

As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October 27, gave Western Union 30 days to implement new restrictions. The new rule is likely […]

Read More

Amid blackouts and police raids, Iran weighs benefits of Bitcoin mining

Uncategorized

A country where Bitcoin once looked primed to flourish is now attempting to scapegoat the cryptocurrency. As blackouts and police raids roil the upstart Iranian Bitcoin mining industry, a match between a permissionless currency and a country throttled by inflation that once seemed like a perfect fit is now being called into question.  As Cointelegraph […]

Read More

Critics Claim Tesla Should Sell Bitcoin Position, Electric Vehicle Firm’s Shares Down 30% Since Buying

Uncategorized

Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%. One analyst says that Tesla’s shareholders would be “very supportive” if the company announced it would sell the bitcoin. Additionally, the shares of Microstrategy’s firm have also […]

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php