Data Shows The Majority of Bitcoin is Held at a Profit

2021-7-16 14:30

Benzinga, a fintech media company providing news and data to retail investors and cryptocurrency traders, publishes its latest data study: If You’ve Lost Money Investing in Crypto, You May Be a Bad Investor.

Despite Bitcoin plummeting 50% in value, about 70% of Bitcoin in existence are held in profit. Not only this, but on-chain data suggests that those who have sold their Bitcoin in the recent months were short-term holders selling at a loss.

Ethereum has shown a similar trend, with about 80% of the token’s supply held at a profit. Many cryptocurrency investors are expecting their investments to appreciate after the upgrade to Ethereum’s network slated to launch on August 4th, 2021.

This upgrade, dubbed EIP-1559, will change the framework for transactions on Ethereum. Rather than bidding for network space to process transactions on Ethereum, users will pay a base fee plus a tip to Ethereum miners. This base fee is burned, reducing the supply of Ether in existence. As more users interact with the Ethereum blockchain, more Ether will be burnt, causing Ethereum’s supply to become deflationary.

Read If You’ve Lost Money Investing in Crypto, You May Be a Bad Investorin its entirety for the full report and analysis.

Benzinga regularly conducts data studies and publishes its findings. Read Benzinga Reports: Bitcoin Predicted to Crush Bitcoin’s ROI in 2021 for more data like this.

Sign up to receive the latest Benzinga news and offerings here and follow Benzinga on Instagram, Facebook, Twitter and subscribe to the BenzingaTV YouTube channel to stay in the loop.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Streamr DATAcoin (DATA) на Currencies.ru

$ 0.0407176 (-0.52%)
Объем 24H $4.846m
Изменеия 24h: 7.71 %, 7d: 17.64 %
Cегодня L: $0.0371271 - H: $0.0410705
Капитализация $44m Rank 662
Цена в час новости $ 0.1118 (-63.58%)

data latest study traders cryptocurrency 160 publishes

Источник: blockchainnewstoday.com

data latest → Результатов: 126


Фото:

Monero (XMR) Adoption on the Rise Despite War Against Privacy Coins 

Financial authorities in the United States as well as other parts of the globe have been scrutinizing privacy coins in recent times. However, the latest Cryptwerk data has revealed that the number of businesses accepting monero (XMR) across the world has risen to 950, while 28 crypto payments processors currently facilitate XMR transactions. Monero (XMR)Read More

2021-5-14 16:00


Фото:

Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged

According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […]

2021-5-14 10:00


Фото:

Chainlink (LINK) is Live on Arbitrum Rollup Testnet

Chainlink, the decentralized live price feed oracle token, is live on Arbitrum, beginning with Chainlink Price Feeds for DeFi developers. The Latest Data Feed Ecosystem Development The company is developing a new oracle network to support the demand for more accurate price data since DeFi’s Total locked value exceeds $35B. Chainlink is live on @Arbitrum,Read More

2021-3-10 21:00


MicroWorkers integrates Ontology’s ONTO Wallet to facilitate additional payment options for workers

CryptoNinjas » MicroWorkers integrates Ontology’s ONTO Wallet to facilitate additional payment options for workers Ontology, the high-performance public blockchain specializing in decentralized identity and data, and global freelancing marketplace platform MicroWorkers (MW), today have announced the completion of the latest phase of their collaboration.

2021-3-9 00:58


Cardano’s ADA Overtakes XRP to Become Fourth-Largest Cryptocurrency After ‘Mary’ Hard Fork

In what is the latest seismic shift, ADA, the native cryptocurrency for blockchain platform Cardano, has now flipped XRP to break into the top four crypto rankings. Mary Making Moves According to data from CoinMarketCap, ADA is now the industry's fourth-largest asset, reaching its highest market cap metric over the weekend.

2021-2-9 18:27


Фото:

Ethereum Transactions ‘Go Parabolic’ as Price Closes in on All-Time Highs

According to the latest data from Messari, Ethereum transactions have spiked in January to a record $12 billion. This figure is a rolling 30-day average which lifted off around New Year’s Day. Researcher Ryan Watkins described the trend as ‘going parabolic’ adding that Ethereum now settles $3 billion more than Bitcoin per day.

2021-1-19 09:24


Фото:

Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving

Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019. Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode, BTC miners are currently earning $1 million per hour, meaning an increase of 185% since the halving happened in […] The post Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving appeared first on Bitcoin News.

2020-12-31 20:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru