Bitcoin’s $1-trillion market holds for 10 days straight
Cointelegraph
Published Apr 06, 2021 01:03AM ET
Updated Apr 06, 2021 11:40AM ET
More than 10% of Bitcoin’s supply has been moved while its market capitalization has been more than a trillion dollars since March 26, indicating strong support in the middle- and upper-$50,000 price range.
According to Monday’s “Week On-chain” report from on-chain analytics provider Glassnode, Bitcoin (BTC) has enjoyed a $1-trillion market capitalization for more than one week for the first time. “This is a strong vote of confidence for Bitcoin and the cryptocurrency asset class as a whole,” the report said.
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Written By: Cointelegraph
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