The world’s flagship Crypto, Bitcoin had just struck another milestone hitting a two-year high.
What we know: At the time of filing this report, Bitcoin’s price traded at $17,000 with a daily trading volume of $25,785,265,405.
READ: Citibank: Bitcoin could skyrocket by $300,000 in 2021
READ: Why Bitcoin will still drop
BTC price is up 4.1% in the last 24 hours. It has a circulating supply of 19 million coins and a max supply of 21 million coins.
It’s also paramount in noting most Bitcoin holders, see the flagship crypto asset, as more of a wealth preservation tool rather than a utility asset.
READ: World biggest crypto hedge fund: Grayscale Crypto holdings now $9.8 billion
READ: Crypto millionaire carts away with $224 million worth of Bitcoin
As recent data from Glassnode, show Bitcoin $BTC Percent Supply Last Active 2+ Years just reached a 3-month low of 44.012%
- The previous 3-month low of 44.013% was observed earlier today
- Metric Description: The percent of circulating supply that has not moved in at least 2 years.
READ: Crypto: Alpha Finance gains 400% in 10 days, supported by a big bank
READ: Ethereum whale transfers 62,134 ETH as Ether remains above $385
📉 #Bitcoin $BTC Percent Supply Last Active 2+ Years just reached a 3-month low of 44.012%
Previous 3-month low of 44.013% was observed earlier today
View metric:https://t.co/QABODbVlQG pic.twitter.com/na7zy9h340
— glassnode alerts (@glassnodealerts) November 17, 2020
READ: Crypto hedge fund, Polychain capital buys $8.2 million worth of yearn.finance