Chainalysis Shows Bitcoin Wallets With more Than 1K BTC Reach Records – Crypto Trendings
Wednesday, June 29, 2022
Crypto Trendings
  • HOME
  • News
  • Bitcoin
  • Altcoins
  • Business
  • Tech
  • Industry
  • Interviews
  • Press Release
No Result
View All Result
Crypto Trendings

Chainalysis Shows Bitcoin Wallets With more Than 1K BTC Reach Records

Crypto Trendings by Crypto Trendings
December 15, 2020
in Bitcoin
Reading Time: 2min read
Chainalysis Shows Bitcoin Wallets With more Than 1K BTC Reach Records

Bitcoin wallets with over 1,000 BTC continue growing. According to the blockchain analysis company Chainalysis, during 2020 the number of wallets with more than 1k BTC surged by 17%. At the moment there are 2,052 wallets with this amount or more of Bitcoin.

Chainalysis Shows Large Holders Continue Buying Bitcoin
Large Bitcoin holders and investors continue to increase their presence in the market. Despite the complicated year due to the Coronavirus crisis, investors continue to place their funds in Bitcoin.

Related posts

Why UST’s crash has experts talking and taking different sides

Why UST’s crash has experts talking and taking different sides

May 16, 2022
Pension Funds Getting Set to Board Bitcoin Bandwagon, Say Insiders

Pension Funds Getting Set to Board Bitcoin Bandwagon, Say Insiders

January 9, 2021

Just this year 302 new accounts reached the 1,000 BTC threshold. As reported by Chainalysis, this is an increase of 17% in 2020. The total number of accounts with more than 1,000 Bitcoins is now 2,052.

It is worth taking into consideration that many other users may have more than one BTC wallet. That means that the number of investors with more than 1,000 BTC could be even higher. During the last years, a large number of high-profile individuals and firm started to show support for Bitcoin.

“That’s a big increase in the wealthiest wallets and provides evidence that institutional investors have entered the market,” explained Chainalysis in a recently released report.

It is worth mentioning that companies such as MicroStrategy or MassMutual have acquired millions of dollars worth of Bitcoin. This has allowed them to gain exposure to the largest cryptocurrency in the world. Moreover, it has also started a discussion for large companies on whether they should gain BTC exposure.

Bitcoin has moved this year from $3,800 in March to $19,400 a few weeks ago. The entire cryptocurrency market is excited about the future of the space and how high Bitcoin can go. Many experts claim that Bitcoin could enter the $20k territory and continue expanding towards new highs after that.

The crypto market is now waiting for new inflows of money from large investors. This could also be very positive for the price of other virtual currencies. Nevertheless, all the sight are placed on Bitcoin and how high this virtual currency can move.

Currently, Bitcoin is being traded around $18,450 and it has a market valuation of $342 billion. In the last 24 hours, the virtual currency experienced a price increase of almost 3% and other virtual currencies followed.

At the time of writing this post, XRP is falling by 6.24% after the awaited Spark token (FLR) airdrop.

Previous Post

New withdrawal mechanism for ETH2 stakes ‘under discussion’

Next Post

Cryptocurrency Market Recovers: Bitcoin Retakes $19,000

Next Post
Cryptocurrency Market Recovers: Bitcoin Retakes $19,000

Cryptocurrency Market Recovers: Bitcoin Retakes $19,000

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

CryptoQuest Announces the $METAD Token Sale.

CryptoQuest Announces the $METAD Token Sale.

3 months ago
nafter

Nafter Set For Global Launch of World’s First NFT Social Network, Why Instagram Should be Worried

10 months ago
What Makes Facebook and Google Feel Threatened? — FaceDAO, the Next-Generation Social Media

What Makes Facebook and Google Feel Threatened? — FaceDAO, the Next-Generation Social Media

4 months ago
What is Monster City? Detailed introduction of available features

What is Monster City? Detailed introduction of available features

11 months ago

BROWSE BY CATEGORIES

  • Altcoins
  • Bitcoin
  • Business
  • Industry
  • News
  • Press Release
  • Tech

BROWSE BY TOPICS

Altcoins Bitcoin Business Industry News Press Release Tech

POPULAR NEWS

  • Flush Win is Revolutionizing Online Casinos and Betting with Blockchain Innovations

    Flush Win is Revolutionizing Online Casinos and Betting with Blockchain Innovations

    0 shares
    Share 0 Tweet 0
  • A ONCE IN A LIFETIME OPPORTUNITY TO OWN A PIECE OF HISTORY AND PUT YOUR NAME INTO THE METAVERSE

    0 shares
    Share 0 Tweet 0
  • FLUSH WIN ANNOUNCES NFT GAME PROJECT AND CITY CASINO

    0 shares
    Share 0 Tweet 0
  • Breaking News: Moon Rabbit $AAA Becomes The Most Traded Coin On MeXC Global After Elon Musk’s Tweet

    0 shares
    Share 0 Tweet 0
  • NFTFootballMarket brings NFT to World Cup 2022

    0 shares
    Share 0 Tweet 0
Crypto Trendings

We bring you the latest news in the crypto and finance industry. We envision the goal of completely decentralised future.

Reach us at:

[email protected]

BITCOIN NEWS

Why UST’s crash has experts talking and taking different sides

Why UST’s crash has experts talking and taking different sides

May 16, 2022
Pension Funds Getting Set to Board Bitcoin Bandwagon, Say Insiders

Pension Funds Getting Set to Board Bitcoin Bandwagon, Say Insiders

January 9, 2021
Polkadot token now the 6th largest by market cap

Polkadot token now the 6th largest by market cap

January 2, 2021

ALTCOIN NEWS

Ethereum price faces resistance at $650, can ETH break above?

Ethereum price faces resistance at $650, can ETH break above?

December 21, 2020
New withdrawal mechanism for ETH2 stakes ‘under discussion’

New withdrawal mechanism for ETH2 stakes ‘under discussion’

December 15, 2020
Ethereum King Buterin Loses Live Showdown to Twitch Chess Queen

Ethereum King Buterin Loses Live Showdown to Twitch Chess Queen

December 16, 2020
June 2022
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« May    
  • About
  • Advertise
  • Careers
  • Contact

© 2020 Crypto Trendings

No Result
View All Result
  • Home
  • Industry
  • News
  • Business
  • Bitcoin
  • Interviews
  • Tech
  • Altcoins

© 2020 Crypto Trendings