Tags : Supply

Bitcoin

Investment firms already absorbed 4.3% of Bitcoin supply: Arcane Research

Investment firms already have over 800,000 Bitcoins (BTC)—or 4.3% of the crypto’s current supply—under their management (AUM), Vetle Lunde, an analyst at crypto data firm Arcane Research, revealed on Twitter today. “Exchange-traded bitcoin investment vehicles now have more than 800,000 BTC under management, equaling 4.3% of the circulating bitcoin supply,” said Lunde. Exchange-traded bitcoin investment […]Read More

Bitcoin

Nearly 20% of Bitcoin Supply Hasn’t Budged In 7 Years

Bitcoin price is appreciating at full steam because the market consists of nothing but buyers at the moment. Those who already own the abundance of the currently circulating supply are holding strong and refusing to sell. However, data shows that nearly 20% of the entire circulating supply hasn’t moved in seven years. Are those coins […]Read More

Bitcoin

Bitcoin Eyes $50,000 amid Whale-led Supply Crunch; Here’s Why

Bitcoin could hit $50,000 in the coming sessions as more and more institutions accumulate it against their fears of dollar-linked inflation. The flagship cryptocurrency, whose market capitalization recently soared above that of Facebook and Tesla, dropped lower from its record high near $42,000. Nevertheless, its plunge prompted rich traders and institutions to purchase it at […]Read More