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Wednesday, 11 December 2019

$1.6B in Bitcoin bought during 2017’s bull run hasn’t moved


Bitcoin‘s long-term holders continue to keep their cryptocurrency close, despite its declining value — 59 percent of BTC’s circulating supply still hasn’t moved in at least one year. Generally, these trends are in-line with shrinking Bitcoin trading volumes, reports research firm Delphi Digital. Still, the firm highlighted 220,000 BTC (worth roughly $1.6 billion at current prices) bought way back in November 2017 — the start of peak Bitcoin-mania — that hasn’t moved at all since then. Surely, some strong hands. There’s less new money entering the cryptocurrency space Trading activity spiked at the end of October, when Bitcoin‘s price last pushed above $9,000, but volumes…

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