Bitcoin

Read

View

<div class="cryptonews"> 
 <p class="is-style-lead">The Bitcoin (BTC) price has struggled around $26,000 after Elon Musk’s spacecraft manufacturer SpaceX dumped its BTC <a rel="noopener noreferrer nofollow" title="holding" href="https://thebittimes.com/tag/holding.html">holding</a>s.&nbsp;</p> 
 <p>On the other hand, Glassnode data suggests that the number of wallets <a rel="noopener noreferrer nofollow" title="holding" href="https://thebittimes.com/tag/holding.html">holding</a> at least 1 BTC has reached an all-time high (ATH) of 1,015,299 despite the bearish market sentiment.</p> 
 <p>Per the on-chain data provider, the addresses have risen since late 2021, when BTC hit an ATH of $68,790.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr"> #Bitcoin $BTC Number of Addresses Holding 1+ Coins just reached an ATH of 1,015,299<br><br>Previous ATH of 1,015,241 was observed on 20 August 2023<br><br>View metric:https://t.co/s7tx1xxyz3 pic.twitter.com/DsYGzzLEhV</p>— glassnode alerts (@glassnodealerts) August 21, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> BNB Chain’s cross-chain bridge exploit shakes crypto community 
 </div> 
 <p>Moreover, BTC short-term traders have also risen with the recent price downturn. According to Glassnode, the amount of BTC supply active between a week and one month just dropped to 680,353.028 BTC, marking a 30-day low.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr"> #Bitcoin $BTC Amount of Supply Last Active 1w-1m (1d MA) just reached a 1-month low of 680,353.028 BTC<br><br>View metric:https://t.co/daWGzpwg77 pic.twitter.com/gJ8VYNBGmn</p>— glassnode alerts (@glassnodealerts) August 21, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>Short-term holders and traders rose after SpaceX dumped all of its BTC <a rel="noopener noreferrer nofollow" title="holding" href="https://thebittimes.com/tag/holding.html">holding</a>s. Per the crypto.news report, the aerospace company accumulated roughly $373 million worth of Bitcoin in 2021 and 2022.&nbsp;</p> 
 <p>Shortly after the news about SpaceX’s BTC digestion emerged, the number of crypto liquidations surpassed the $1 billion mark. Per the report, 83% of the liquidations belonged to long positions.</p> 
 <p>Furthermore, Bitcoin is still down by 0.3% in the past 24 hours and is trading at $25,990 at the time of writing. BTC’s 24-hour trading volume also plunged by 2.5%, currently at $9.4 billion.</p> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" width="1136" height="602" src="https://crypto.news/app/uploads/2023/08/BTC-price-Aug-21.png" alt="BTC struggles around $26k as SpaceX drops its holdings - 1" class="wp-image-14186889"> 
  <figcaption class="wp-element-caption">
    BTC price – Aug. 21 | Source: Trading View 
  </figcaption> 
 </figure> 
 <p>Bitcoin briefly touched a 24-hour-high of $26,260 on Aug. 20. BTC’s market cap still stands above the $500 billion mark with a 48% market dominance.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance contemplates legal action following breakup with Checkout.com 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

BTC struggles around $26k as SpaceX drops its holdings

TheBitTimes

Otros artículos publicados el 21 ago 2023

AI’s New Frontier: Bitcoin Miners Shift to Profitable Computing Services

Ordinals still make up majority of Bitcoin txs despite price collapse

Ethereum Co-Founder’s $1M Transfer to Coinbase Sparks Fears of ETH Plunge

BinaryX Hackathon: US$25,000 Cash Prizes For Gaming Developers Looking to Shape the Future of GameFi

Ordinals Still Leading in Bitcoin Transactions Despite Recent BTC Collapse

Dubai Unleashes Tech Revolution: 90% Subsidized Licenses for Web3 and AI Companies

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!