Data from glassnode show, $BTC is flowing into wallets tied to illiquid entities, or network participants with little to no spending history, at the fastest rate since December. reports godbole17.
illiquid supply change metric, which measures the number of coins held by illiquid wallets on a specific date compared with the same day the previous month, rose to 147,351.58 BTC on Monday, the most since Dec. 19. The total held by illiquid entities has jumped to a record high 15,207,843 BTC, with the tally increasing by 215,000 BTC in the past four weeks alone.
Last week, the U.S. Federal Reserve kept interest rates unchanged, pausing a 15-month rate-hike cycle. The bank, however, ruled out rate cuts this year while keeping the doors open for more increases if required. The so-called tightening was partly responsible for last year's crypto market swoon.against prominent digital assets exchanges Coinbase and Binance, accusing them of offering a number of alternative cryptocurrencies as unregistered securities.
"Overall, the market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand, despite the regulatory headwinds of late," Check added.The illiquid supply change indicator turned positive on May 24, signaling renewed accumulation, and has increased sharply since then.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin 'Permabull' Max Keiser: 'El Salvador Will Be Debt Free by 2030 With Bitcoin' – Bitcoin NewsAccording to Max Keiser, thanks to Bitcoin, El Salvador will be debt free by 2030, as the Bitcoin price comes close to one million dollars.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Monday, After Recovering Recent Losses – Bitcoin NewsBitcoin recovered recent losses over the weekend, setting the stage for a potential rally this coming week.
Leer más »
On The Menu: This Lancaster spot is quickly becoming a High Desert fine dining destinationLa Papillon in Lancaster is cooking up California cuisine with a French flare, and it's quickly becoming a destination for fine dining in the High Desert.
Leer más »
Why it's becoming harder and more expensive to get homeowners insurance | CNN BusinessHomeowners insurance is becoming more expensive and, in many places, more difficult to find. There’s no sign that the situation is going to get better any time soon.
Leer más »
27 Wild Stories Of People *Almost* Becoming Murderers That Will Freak You The F Out'[The] closest I came to killing someone was about six inches.'
Leer más »
Tropical Storm Bret forms in Atlantic, becoming 2nd named storm of 2023 hurricane seasonAccording to the National Hurricane Center (NHC), Tropical Depression Three formed over the central tropical Atlantic Ocean on Monday morning.
Leer más »