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Category: Dominance Level
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Price Increase Drives 98% of Bitcoin Holders Into a State of Profit
The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on the current data, 98% of all bitcoin UTXOs are in a […]
The post Price Increase Drives 98% of Bitcoin Holders Into a State of Profit appeared first on Bitcoin News.
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Bitcoin Dominance Slides Losing 10% in the Last 100 Days
Bitcoin’s Dominance Index has slid 10% from a high of 67% on May 10, to a low of 57% today. Despite the defi market shakeout, ethereum still captures 10% of the aggregate market capitalization of $330 billion. There’s been a number of changes in the top ten line up of coins, as bitcoin (BTC) has […]
The post Bitcoin Dominance Slides Losing 10% in the Last 100 Days appeared first on Bitcoin News.
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