Glassnode analysts studied changes in the number of bitcoins on the three largest cryptocurrency exchanges - Binance (yellow), Coinbase (blue) and Bitfinex (green).
As a result, the number of BTC on Binance increased by 421 thousand coins and reached 703 thousand BTC. The Bitfinex growth reached 250 thousand bitcoins, while the amount of BTC on Coinbase decreased by 558 thousand units.
Current balances are shown on the chart.
As a result, the number of BTC on Binance increased by 421 thousand coins and reached 703 thousand BTC. The Bitfinex growth reached 250 thousand bitcoins, while the amount of BTC on Coinbase decreased by 558 thousand units.
Current balances are shown on the chart.
Owners of Bitcoin addresses with less than 1 BTC continue to aggressively buy the cryptocurrency. According to Glassnode analysts, such investors are now increasing their own coin holdings by 33.4 thousand bitcoins per month. Moreover, this is one of the highest rates of accumulation of the first cryptocurrency by this category of buyers.
They have a total of 1.33 million BTC at their disposal. Here is the corresponding chart for the situation.
They have a total of 1.33 million BTC at their disposal. Here is the corresponding chart for the situation.
Bitcoin's dominance rate exceeded 51 percent, which was the highest in the last three months. Accordingly, BTC now accounts for more than half of the total cryptocurrency market capitalization.
Well, investors have recently become more actively involved with Bitcoin against the backdrop of alts, which confirms the growth of dominance.
Well, investors have recently become more actively involved with Bitcoin against the backdrop of alts, which confirms the growth of dominance.
One of the reasons for Bitcoin's overnight growth is the listing of BlackRock's iShares Bitcoin Trust under the Depository Trust and Clearing Corporation (DTCC), which provides clearing services for the NASDAQ. The instrument received the ticker IBTC.
As Bloomberg analyst Eric Balchunas notes, all this is preparation for the launch of a spot Bitcoin ETF in the United States from the largest investment company in the world. This means the prospects for his approval are getting closer.
As Bloomberg analyst Eric Balchunas notes, all this is preparation for the launch of a spot Bitcoin ETF in the United States from the largest investment company in the world. This means the prospects for his approval are getting closer.