Bitcoin Moving from Whales to People’s Hands since $10,000 was First Hit in November 2017

  • Addresses that own more than $10, $100, $1,000, and $10,000 increases 9 to 33%
  • The hoarders with over $1 million worth of BTC has taken a drop of 11 percent
  • Crypto awareness and adoption led to the uptick in addresses during the crypto winter and now crypto spring.

Bitcoin has finally smashed through $10,000 level yesterday, a level that is supposed to trigger FOMO and take BTC to new highs.

Currently, BTC/USD is trading at $10,780 with 24 hours gains of 10.90 percent while managing a strong volume of $2.35 billion, according to Messari’s Real 10, 24 hours volume.

The level we climbed to yesterday was first hit in November 2017 during the bull run of 2017. During this year and a half, the most interesting development registered by the leading cryptocurrency is the dispersion of Bitcoins from the one percenters to the masses.

If we take a look at the addresses that own Bitcoin, those addresses that have more than $1 of Bitcoin have risen 19 percent while those that have over $1 million worth of Bitcoin have dropped 11 percent.

An increase in the percentage of Bitcoin accumulation has been seen by those addresses that own more than $10, $100, $1,000, and $10,000, while addresses that own over $100k Bitcoin has dropped down by just 1 percent.

The big whales that amounts to about 18,000 are now left 16,000 while more than 19 million people are in the know about Bitcoin and cryptocurrencies.

The interesting part of this is that people actually bought the drop in 2018 which saw Bitcoin crashing down and losing about 85 percent of its value, landing at $3,150

Despite the brutal winter, people accumulated Bitcoin in expectation of upcoming bull cycle just like the previous three ones that would take it to an all-time high and further the market capitalization to skyrocket to as high as a whopping trillion dollar.

Crypto awareness and adoption is certainly the reason behind these significant upticks of 23 to 33 percent we saw in $10+ to $1000+ worth of Bitcoin.

Overall, this is a good sign that people continue to stock up on Bitcoin not only during the crypto winter but also the crypto spring we have been experiencing in 2019. Now, as experts are calling out we would be entering crypto summer and things are about to get even crazier.

Bitcoin’s price is $9,453.80 BTC/USD exchange rate today. The real-time BTC market cap of $173.84 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $7.93 Billion and live coin value change of BTC 0.01 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$9,453.8036 change ~ 0.01%

Coin Market Cap

$173.84 Billion

24 Hour Volume

$7.93 Billion

24 Hour VWAP

$9.48 K

24 Hour Change

$1.2624

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,435FansLike
2,798FollowersFollow
4,186FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Kingdom Trust Launches Choice, Adding Digital Assets To Traditional Retirement Accounts

The ‘first of its kind’ Bitcoin (BTC) retirement account allows users to buy, sell and hold traditional financial instruments, ETFS and no will...

Telecom Giant, Vodafone, Announces Partnership With Energy Blockchain Startup, Energy Web

Global Telecoms firm, Vodafone, announced its partnership with Switzerland based blockchain startup, Energy Web (EW), to develop solutions for energy-smart devices. The partnership...

Enjin Rolls Out Minecraft Plugin, EnjinCraft, to Drop Blockchain Assets into the Game

One of the most popular video games in the world, Minecraft, now has a plugin that lets its players spawn blockchain assets. The plugin is...

DigiByte Collaborates With Threefold Grid To Further P2P Decentralized Internet Capabilities

DigiByte onboards ThreeFold grid to enable their developers and communities to deploy Digibyte nodes on the peer to peer ecosystem. The grid is...

CBDCs May Be A Tailwind for Bitcoin and Further ‘Accentuate' its Role in the Global Digital Economy

People’s Bank of China is gearing up for the launch of their Central Bank Digital Currency (CBDC) in 2020 and nearly all central banks...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today