Bitcoin

<ul><li>Long-term holders add 1.1M BTC, showing bullish sentiment despite Bitcoin&#39;s volatility.</li><li>A new high of 14.52M BTC held long-term, signalling faith in Bitcoin&#39;s future value.</li><li>Bitcoin experiences heightened instability as dormant BTCs become active, coinciding with a rise in supply.</li></ul><a href="https://cryptotale.org/bitcoin-holds-support-above-29k-as-top-cryptos-see-muted-price-action/" rel="noopener noreferrer nofollow">Bitcoin</a>, the world’s foremost cryptocurrency, has seen its long-term holders add an impressive 1.10 million <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>, worth approximately $33 billion, to their reserves over the past year, according to a Bitcoin analyst, Ali. Despite the digital asset&#39;s 70%&#43; tumble from its November 2021 zenith, long-term investors have demonstrated their resilience, upholding a bullish outlook for Bitcoin&#39;s future trajectory.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cdcf037ead7c4be0b6ebdc38221684a6.png" />Data from blockchain analytics firm <a href="https://glassnode.com/" rel="noopener noreferrer nofollow">Glassnode</a> indicated that long-term holder wallets, characterized as addresses holding Bitcoin for at least 155 days, augmented their supplies by 62,882 BTC, translating to roughly $1.83 billion, in July 2023 alone. This influx is seen as a testament to the unwavering faith of veteran investors who consider current market prices as prime opportunities to fortify their Bitcoin positions.-Read full article at<a href="https://cryptotale.org/bitcoin-long-term-holders-show-faith-amid-market-volatility/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin Long-Term Holders Show Faith Amid Market Volatility

CryptoTale

Other articles published on Jul 29, 2023

Bitcoin Cash, DASH, NEO: Legacy Coins That Are Struggling To Catch Up With High-Performing InQubeta

Johnson & Johnson (JNJ) Stock Price Shows Strong Bulls’ Dominance

'FAANG of DeFi Assembling,' Seasoned Crypto VC Says

XRP Investors on Edge as Trading Volume Plunges

DOGE Army Intrigued As Elon Musk Tweets "Something Special Coming Soon"

DraftKings Stock: Will DKNG Stock Hit New Highs After Earnings?

Join our free newsletter for daily crypto updates!