Cryptocurrency Analysis and News Portal
The internet is buzzing over recent developments in decentralized finance, or DeFi — smart contracts are hotter than ever. You might think you missed the coronation ceremony, but smart contracts are actually used in only a small corner of the crypto world, albeit a corner worth billions of dollars. It’s
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Bitcoin was lower, staying in the past week’s range of roughly $18,500 to $19,700. Prices are up 167% year to date, having started off 2020 at around $7,160. “There is no doubt that $20,000 remains a barrier, both from a technical perspective and on an ideological level,” Simon Peters, an analyst
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Bitcoin underwent a swift drop on Monday morning on news of a successful vaccine trial. The leading cryptocurrency
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Summary:785,999 Bitcoin is held by private and publicly traded companiesThis translates to roughly $10.2 Billion using Bitcoin’s current value at $13kOf this amount, 610,302 Bitcoin is held by publicly traded companies and 175,697 BTC by private companiesBitcoinTreasuries.org is a website dedicated to tracking the amount of Bitcoin owned by notable
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The Bitcoin market cap is hovering at roughly $211 billion currently, but four years earlier, it was a
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Quick take:Investors are increasingly holding Bitcoin as a store of valueBitcoin supply held for over 1 year hits its highest level since 2010 at 63.5%Bitcoin has now stayed above $10k for the longest time period at 64 daysBTC is facing a monthly close in the next 24 hoursThe team at
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One of the biggest impacts awaiting to hit Bitcoin and the rest of the cryptocurrency space is the
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Several signs indicate that Bitcoin is potentially on the brink of a new bull market, and much higher
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Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis.Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June 2020.
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According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians.Breakdown of Bitcoin supply. Source: Chainalysis.Digital goldThe company concluded that the breakdown of Bitcoin’s supply makes it similar to gold, supporting the asset’s status as digital gold. They clarify, however,
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