Business Ideas Crypto News

Bitcoin is making many trader rich as price skyrocket

With the recent bullish rally in the world’s flagship cryptocurrency market, some global investors have grown richer within the past few weeks.

As of now, there are 18,000 BTC millionaires, or addresses containing greater than $1 million value of BTC according to data obtained from a crypto analytic firm, Glassnode

Recall that the wealth of many BTC investors has grown exponentially at the BTC market, as holders of more than 1000 BTCs or more (who are referred to as whales) have been increasing at a steady pace after BTC’s most recent halving that occurred a few months ago.

Loading...

What this means: As transaction numbers in BTCs market keep hitting record highs, the number of dollars that buyers invested in $BTC just made a new all-time high. This suggests investors are raising their stakes in the flagship cryptocurrency market

Meanwhile, the flagship currency had remained above the $11,000 resistant level. Data from Coinmarketcap shows that BTC has a market capitalization of about $203.4 billion dollars with a daily trading volume standing at $25 billion.

Loading...

Related posts

30 Part Time Business ideas With Low Investment for Employees

business

How to Start an Online T-Shirt Business: Everything You Need to Know

business

Nigerians spend 60% more for a pot of Jollof rice than 3yrs ago – SBM

business

Leave a Comment

–>
x