Bitcoin’s Rich List Grows: A Billion-Dollar Surge
Recent data indicates that wealthy Bitcoin (BTC) holders have substantially increased their holdings of the leading cryptocurrency in the last fortnight.
According to insights from market intelligence platform IntoTheBlock, individuals possessing 0.1% or more of the total Bitcoin supply have acquired over $1.5 billion in BTC over this brief period.
Additionally, statistics from blockchain tracking company Glassnode indicate a notable uptick in the number of investors holding a minimum of 10 BTC, with the count surpassing 150,000. This figure represents a three-year high in terms of such Bitcoin holders.
📈 #Bitcoin $BTC Number of Addresses Holding 10+ Coins just reached a 3-year high of 157,324
View metric:https://t.co/0NzRiyaeFg pic.twitter.com/g6Em0Bk4cS
— glassnode alerts (@glassnodealerts) September 2, 2023
As of the time of writing, Bitcoin is valued at $25,889, experiencing a marginal daily decline.
Meanwhile, analytics firm Santiment is closely monitoring the collective market capitalization of the six most prominent stablecoins.
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The recent surge in the combined market cap of these stablecoins may indicate the potential for a market reversal.
🧐 The market caps of the top 6 #stablecoins in #crypto have collectively declined by 25.9% in the past 18 months. Butfor the first time since the #FTX collapse last November, we see growth. Since Aug. 22nd, the combined market caps have grown by $663.2M. https://t.co/vA5uquc7OU pic.twitter.com/T0Y5UXGMDJ
— Santiment (@santimentfeed) September 3, 2023
Specifically, the total market capitalization of these stablecoins has decreased by 25.9% over the past 18 months but has shown growth since August 22nd, increasing by $663.2 million.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
