More Than 3 Million Addresses Now Hold Minimum Of 0.1 Bitcoin
Bitcoin has been trying hard to push throught the king coin seems to be faring high in other categories. Ethereum has been following Bitcoin’s footsteps.
Ethereum Follows Bitcoin’s Trail
The COVID-19 pandemic has definitely stirred the entire globe. Economies crashing, citizens across countries filing for unemployment, and most importantly losing loved ones have been currently surfing the world. The crypto community also witnessed a blow during March when the price of Bitcoin plummeted down to the 4K zone. On the whole, these past few months have been nothing less than catastrophic.
On a brighter note, Bitcoin was reportedly one of the quickest to recover from the slump caused by the pandemic. Despite the fact that Bitcoin is still hovering around 9K, Glassnode, an analytics platform recently revealed that Bitcoin has been hitting all-time highs on other charts.
As per Glassnode, Bitcoin’s active supply 3y-5y has witnessed a notable surge in the past 24 hours. The current value was recorded at 1,165,734.158 which is 3 percent more than its previous that was, 1,131, 614. 872.
While the active supply of the king coin was hitting an all-time high, Ethereum seemed to have followed the footsteps of Bitcoin. Ethereum’s active supply 3y-5y had also hit an all time high. The latest all time high was recorded at 17,170,026.202.
Addresses Holding 0.1+ Coins Also Hit ATH
Glassnode also reported that the number of Bitcoin wallets holding 0.1+ coins also reached an all-time high after recording 3,054,282. Previously on 21 May 2020, an all-time high of 3,054,070.000 was reported.
Bitcoin wasn’t the only one, as the number of Ethereum wallets holding 0.1+ coins also hit an ATH of 2,984,080.000. The previous all-time high was witnessed earlier today when the number hit 2,984,040.000.
Despite carrying out significant damage to the price of several crypto assets, this pandemic has welcomed many into the crypto-verse. The situation in the United States has also turned many into venturing into the field. Global unrest seems to be fueling these charts as individuals have been purchasing large amounts of cryptocurrencies.
- ‘Great Progress’: Cardano Founder Shares Update After CLARITY Act Roundtable
- Jerome Powell Signals No Rush to Cut Rates, Bitcoin Falls
- FOMC Meeting: Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps
- “Beyond a Centralized Exchange” Bitget CEO Unpacks Universal Exchange Vision on 7-Year Anniversary
- Breaking: CME Group to Launch Solana and XRP Futures Options as Institutional Demand Grows
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
