Tag
BITCOIN
It shows that BTC is fast gaining the trust of Nigerians for payments and transfers.
From a macro level, this increase in the number of BTC whales can be considered bullish.
BTCs moving from the investment bucket into the trading bucket could become a crucial source of liquidity.
As BTC whales accumulate BTCs, Bitcoins circulating supply reduces, and this can weaken any bearish trend.
The last time such development was witnessed was few weeks before 2017 huge bull run.
As BTC market capitalization fast approaches the $200 billion mark, Messari’s Lead researcher, Ryan Watkins has crunched the numbers...
As the rush for BTCs keeps increasing, the price will most definitely be affected.
Bitcoin price pulled back since last month at $10410 remaining below the $9500 mark.
Although retail traders are responsible for 96% of transactions, professionals move the bulk of the volume.
Chainalysis also concluded that Bitcoin’s supply makes it similar to gold, giving it a safe haven asset status.
Investors or traders who own a large number of Bitcoins are typically called Bitcoin whales.
QKC has a market capitalization of $ 9.9 billion and a daily trading volume of about $6 million.