Skip to main content

Posts

Showing posts with the label - #BitcoinDominance - #LongTermHolders - #AltcoinRise - #CryptoTrends - #SocialMediaPower - #CryptoFuture - #DeFiRevolution - #BlockchainInnovation

Bitcoin Long-Term Holders Command Over 70% of Supply Amidst Market Turbulence

This has significant implications for the market as LTHs are known to be less likely to sell during times of volatility, providing a strong foundation for Bitcoin's long-term stability. Bitcoin Dominance and LTHs The data from Glassnode also reveals that the number of LTHs has been steadily increasing since late 2017, indicating a strong belief in Bitcoin's long-term potential among investors. This is reflected in Bitcoin's dominance in the overall cryptocurrency market, with its market share currently standing at over 60%. This trend is expected to continue as more and more investors are drawn to the stability and potential for growth offered by Bitcoin. The Rise of Altcoins While Bitcoin remains the dominant force in the cryptocurrency market, altcoins have seen a surge in popularity in recent years. Many investors see these alternative cryptocurrencies as a way to diversify their portfolios and potentially gain higher returns. Some of the top altcoins to keep an e...