August 7, 2019: After Peaking its Head Above $12,000, Bitcoin Falls Back to Near $11,500

Bitcoin: What’s the Latest Regarding its Price?

At the time of this writing, Bitcoin’s price is $11,546.12 US dollars, up approximately 0.69% from the day prior. The up day for Bitcoin yesterday was a reversal from the day before it. Price now stands at 11.34%% above its 20 day moving average, and over the past two weeks, price has been in an an up trend. Given that its distance from its 20 day moving average of $10,370.54 is somewhat far, it may mean that as such, dip buyers may need to wait a bit more for an opportunity. Alternatively, for those interested in trading ranges that Bitcoin bounces between, its current two week trading range in US dollars is between $8,785.4 and $11,955.68. Its market capitalization currently is estimated to be around $204.88 billion US dollars, while it’s market dominance (percent of total crypto market) is estimated to be 67.92%. It should be noted, though, that Bitcoin’s dominance has been slightly moving up, reporting an average daily gain of 0.41% over the past 14 days. A gain in dominance may suggest cryptocurrency activity is consolidating on the Bitcoin blockchain, and so Bitcoin may end up being “the one currency” to rule them all.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Daily Engagement and Hash Rate Metrics Update

368,348 transactions were added to the Bitcoin blockchain in the previous day. Daily transactions recorded on the Bitcoin blockchain risen by approximately 9.68% this past week; to wit, the trend is clear at this time. Bitcoin may end up functioning as a way to acquire goods or services if it does repeatedly increase the number of daily transactions occurring on its chain. In terms of transaction fees, the average cost for sending Bitcoin yesterday ended up being approximately $1.46 US dollars. Transaction fees have been decreasing by approximately 5.32% per week, while the average transaction size is down 23.99% in US dollars. In terms of how much computing power Bitcoin is using, over the past 30 days its hash rate has continued to trend upwards, ultimately rising daily by approximately 0.5%. Ultimately, the security of Bitcoin is growing stronger, because the hash rate trend is upwards — which implies mining is now more intensive. From this perspective, this behavior may provide Bitcoin with the ability to earn greater trust from developers and investors alike.

What are the Richest Hodlers Doing?

There are 553.72 million Bitcoin wallets with at least some positive amount of Bitcoin, but only 2.56% of those wallets have received or sent Bitcoin in the past 30 days. The number of monthly active users is in a downtrend, dropping about 94,073.73 per day over the past two weeks. In terms of ownership concentration, approximately 90.65% of the outstanding Bitcoin is owned by just 1% of the wallets with a positive balance.

Article by SixJupiter

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August 6, 2019: Bitcoin Jumps for the Second Straight Day, Rising 4.08% to Pass $12,000

Bitcoin Price Update

Bitcoin’s price at the moment is clocking in at $12,289.42, which means that since yesterday, it is up about 4.08%. This is the 2nd consecutive day that Bitcoin has moved up, and the coin’s trend over the past two weeks is up. Since it is somewhat far above relative to its 20 day average price of $10,322.11, as such, dip buyers may need to wait a bit more for an opportunity. On the flip side, for those who prefer a rangebound view when trading, Bitcoin’s trading range — based on its momentum and volatility over the past two weeks — is between $8,605.18 and $12,039.04 (in US dollars). In terms of its overall importance in the cryptocurrency market, Bitcoin’s current market capitalization is $218.05 billion US dollars, which is about 68.3% of the market capitalization of all cryptocurrencies. It should be noted, though, that Bitcoin’s dominance has been slowly moving up, reporting an average daily rise of 0.32% over the past 14 days. A rise in dominance may suggest the network effects surrounding Bitcoin are getting stronger, and so Bitcoin may end up being “the one currency” to rule them all.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Update on Transactions and Hash Rate

Yesterday, the Bitcoin blockchain saw 339,136 transactions recorded on it. Regarding growth in actual usage of the blockchain for transactions, observe that over the past 7 days daily transactions have grown by about 8.24%, though it should be noted this past week the trend should be described as not clear — at least on a two-week basis. Bitcoin may end up functioning as a currency for transactions if it does repeatedly increase the number of daily transactions occurring on its chain. In terms of transaction fees, the average cost for sending Bitcoin yesterday ended up being approximately $1.46 US dollars. The average transaction fee has been decreasing at a rate of about 5.32% per week, but the average amount of money sent in transactions, in US dollars, is down 24.8% week over week. Last but certainly not least, Bitcoin’s hash rate continues to trend upwards on a 30 day basis, growing about 0.53% per day. A trend in hash rate that is upwards suggests that mining is becoming more competitive, and that the chain is thus improving. As such, this might enable Bitcoin to attract more high value transactions.

How Active are Bitcoin’s Richest Wallets?

2.53% of the 553.3 million Bitcoin wallets holding a positive balance have transacted within the past 30 days. The number of monthly active users is in a downtrend, dropping about 110,404 per day over the past two weeks. The top 1% of Bitcoin wallets hold over 90.66% of the outstanding Bitcoin.

Article by SixJupiter

Bitcoin Down 1.08%, Remains Just Shy of Both $10,000 and its 20 Day Average

Bitcoin Price Update

Bitcoin is down about 1.08% from the previous day, putting its price at $9,980.42 US dollars at the time of this writing. The down day for Bitcoin yesterday was a reversal from the day before it. Price now stands at 2.2%% below its 20 day moving average, and over the past two weeks, price has been in an a down trend. Given that its distance from its 20 day moving average of $10,204.7 is close, it may mean that climbing above the 20 day moving average may help foster bullish momentum. Alternatively, for those interested in trading ranges that Bitcoin bounces between, its current two week trading range in US dollars is between $9,385.32 and $11,024.08. In terms of its overall importance in the cryptocurrency market, Bitcoin’s current market capitalization is $177.98 billion US dollars, which is about 64.82% of the market capitalization of all cryptocurrencies. It may be worth paying attention to the trend in Bitcoin’s dominance; the currency’s dominance has been going down slowly, as it has reported an average daily drop of -0.13% the past two weeks. A drop in dominance may suggest a growing opportunity for investing in other coins, and as such, altcoins may constitute viable investment opportunities.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Daily Engagement and Hash Rate Metrics Update

361,337 transactions were recorded on the Bitcoin blockchain yesterday. Regarding growth in actual usage of the blockchain for transactions, observe that over the past 7 days daily transactions have jumped by about 3.63%, though it should be noted this past week the trend should be described as not clear — at least on a two-week basis. Bitcoin may end up functioning as a way to acquire goods or services if it does regularly increase the number of daily transactions occurring on its chain. In terms of transaction fees, the average cost for sending Bitcoin yesterday ended up being approximately $1.75 US dollars. Transaction fees have been declining by approximately 26.3% per week, while the average transaction size is up 7.06% in US dollars. In terms of how much computing power Bitcoin is using, over the past 30 days its hash rate has continued to bounce around , ultimately rising daily by approximately 0.25%. A trend in hash rate that is unclear suggests that mining is becoming harder to interpret, and that the chain is thus being a point to bear in mind. This may not help Bitcoin draw more capital to its chain.

How Active are Bitcoin’s Richest Wallets?

There are 551.45 million Bitcoin wallets with at least some positive amount of Bitcoin, but only 2.59% of those wallets have received or sent Bitcoin in the past 30 days. The number of monthly active users is in a downtrend, heading about 139,811.5 per day over the past two weeks. The top 1% of Bitcoin wallets hold over 90.81% of the outstanding Bitcoin.

Article by SixJupiter

July 31, 2019: Bitcoin Up 1.84%, Reversal From Day Prior

How Did Bitcoin’s Price Fare Yesterday?

Bitcoin’s price at the moment is clocking in at $9,771.94, which means that since yesterday, it is up about 1.84%. The up day for Bitcoin yesterday was a reversal from the day before it. Price now stands at 4.89%% below its 20 day moving average, and over the past two weeks, price has been in an an unclear trend. At the moment, it’s about 4.89% below its 20 day average price of $10,273.82, which is close; climbing above the 20 day moving average may help foster bullish momentum. On the flip side, for those who prefer a rangebound view when trading, Bitcoin’s trading range — based on its momentum and volatility over the past two weeks — is between $9,428.15 and $11,119.49 (in US dollars). Its market capitalization currently is estimated to be around $174.06 billion US dollars, while it’s market dominance (percent of total crypto market) is estimated to be 64.33%. Bitcoin’s dominance has been trending down slightly, averaging a decline of -0.17% each day over the past two weeks. A decline in dominance may suggest the competition Bitcoin faces from other cryptocurrencies is real, and thus multiple cryptocurrencies may end up succeeding.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Update on Transactions and Hash Rate

Yesterday, the Bitcoin blockchain saw 328,375 transactions recorded on it. Daily transactions recorded on the Bitcoin blockchain fallen by approximately -0.76% this past week, though it should be noted the trend is not clear at this time. Bitcoin may end up functioning as a form of savings if it does not increase the number of daily transactions occurring on its chain. In terms of transaction fees, the average cost for sending Bitcoin yesterday ended up being approximately $1.14 US dollars. The size of the typical transaction on Bitcoin’s blockchain is up 7.67% in US dollars; meanwhile, the fee for sending transactions has been decreasing by 28.13% per week. Regarding Bitcoin’s hash rate, which serves as a measure of the network’s computational power, it has managed to bounce around over the past 30 days. It has been growing daily by rate of approximately 0.31%. Ultimately, the security of Bitcoin is being a point to bear in mind, because the hash rate trend is unclear — which implies mining is now harder to understand. From this perspective, this behavior may not provide Bitcoin with the ability to draw more capital to its chain.

What are the Richest Hodlers Doing?

Over the past 30 days, 2.6% of the 551.06 million Bitcoin wallets holding a balance reported a transaction. It should be noted that over the past two weeks, the number of monthly active users of Bitcoin has been stepping by about 136,798.6 per day. In terms of ownership concentration, approximately 90.81% of the outstanding Bitcoin is owned by just 1% of the wallets with a positive balance.

Article by SixJupiter

July 30, 2019: Bitcoin Down 1.26% as Price Remains Below 20 Day Moving Average

Bitcoin: What’s the Latest Regarding its Price?

Bitcoin is down about 1.26% from the previous day, putting its price at $9,496.26 US dollars at the time of this writing. Yesterday’s down day is a reversal of the day before it. In terms of trend, though, note that the current price is now 8.24% below its 20 day moving average, and is currently in a down trend over the past 14 days. Given that its distance from its 20 day moving average of $10,348.89 is somewhat close, it may mean that a climb up to the 20 day moving average may be needed before momentum buyers come in. Alternatively, for those interested in trading ranges that Bitcoin bounces between, its current two week trading range in US dollars is between $9,526 and $11,171.78. In terms of its overall importance in the cryptocurrency market, Bitcoin’s current market capitalization is $169.97 billion US dollars, which is about 64.3% of the market capitalization of all cryptocurrencies. Bitcoin’s dominance has been trending down gradually, averaging a decline of -0.21% each day over the past two weeks. A decline in dominance may suggest a growing opportunity for investing in other coins, and as such, altcoins may constitute viable investment opportunities.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Daily Engagement and Hash Rate Metrics Update

333,619 transactions were added to the Bitcoin blockchain in the previous day. Regarding growth in actual usage of the blockchain for transactions, observe that over the past 7 days daily transactions have dropped by about 3.03%; to wit, this past week the trend should be described as clear — at least on a two-week basis. Bitcoin may end up functioning as a money to protect against political turmoil if it does not increase the number of daily transactions occurring on its chain. Yesterday, Bitcoin’s average fee per transaction came in at $1.14. Transaction fees have been falling by approximately 28.13% per week, while the average transaction size is down 0.97% in US dollars. Last but certainly not least, Bitcoin’s hash rate continues to bounce around on a 30 day basis, rising about 0.34% per day. A trend in hash rate that is unclear suggests that mining is becoming more uncertain in a way, and that the chain is thus being something to pay attention to. This may not help Bitcoin earn greater trust from developers and investors alike.

Bitcoin’s Wealth Concentration and Activity

Over the past 30 days, 2.6% of the 550.69 million Bitcoin wallets holding a balance reported a transaction. The number of monthly active users is in a downtrend, sinking about 127,294.6 per day over the past two weeks. Over 90.71% of the outstanding Bitcoin is held by the top 1% of Bitcoin wallets.

Article by SixJupiter

July 27, 2019: Bitcoin Up 3.02%

How Did Bitcoin’s Price Fare Yesterday?

At the time of this writing, Bitcoin’s price is $10,076.66 US dollars, up approximately 3.02% from the day prior. Yesterday’s up day is a reversal of the day before it. In terms of trend, though, note that the current price is now 5.43% below its 20 day moving average, and is currently in an unclear trend over the past 14 days. Given that its distance from its 20 day moving average of $10,655.02 is somewhat close, it may mean that a climb up to the 20 day moving average may be needed before momentum buyers come in. Alternatively, for those interested in trading ranges that Bitcoin bounces between, its current two week trading range in US dollars is between $9,668.27 and $11,641.77. Its market capitalization currently is estimated to be around $179.3 billion US dollars, while it’s market dominance (percent of total crypto market) is estimated to be 64.43%. It should be noted, though, that Bitcoin’s dominance has been slowly moving down, reporting an average daily fall of -0.13% over the past 14 days. A fall in dominance may suggest the competition Bitcoin faces from other cryptocurrencies is real, and as such, altcoins may constitute viable investment opportunities.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Daily Engagement and Hash Rate Metrics Update

Yesterday, the Bitcoin blockchain saw 319,612 transactions recorded on it. Daily transactions recorded on the Bitcoin blockchain fallen by approximately -2.76% this past week, though it should be noted the trend is not clear at this time. Ultimately, if the currency does not succeed in growing transactions on its chain, its primary utility may be as a store of value. As for Bitcoin’s transaction fees, the average transaction fee yesterday was $1.67 US dollars. The size of the typical transaction on Bitcoin’s blockchain is down 27.41% in US dollars; meanwhile, the fee for sending transactions has been decreasing by 7.22% per week. In terms of how much computing power Bitcoin is using, over the past 30 days its hash rate has continued to bounce around , ultimately growing daily by approximately 0.2%. Ultimately, the security of Bitcoin is being something to pay attention to, because the hash rate trend is unclear — which implies mining is now more uncertain in a way. This may not help Bitcoin earn greater trust from developers and investors alike.

Bitcoin’s Wealth Concentration and Activity

2.71% of the 549.75 million Bitcoin wallets holding a positive balance have transacted within the past 30 days. In terms of engagement, note that the number of monthly active users in Bitcoin has been falling by about 105,562.1 per day. In terms of ownership concentration, approximately 90.83% of the outstanding Bitcoin is owned by just 1% of the wallets with a positive balance.

Article by SixJupiter

July 26, 2019: Bitcoin Falls 2.15%, Now Back Below $10,000

Bitcoin is down about 2.15% from the previous day, putting its price at $9,781.71 US dollars at the time of this writing. The past 24 hours mark a reversal in price from the day prior. It should be noted, though, that price is still in a down trend, and is currently 9.01% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Given that its distance from its 20 day moving average of $10,750.27 is somewhat close, it may mean that a climb up to the 20 day moving average may be needed before momentum buyers come in. Alternatively, for those interested in trading ranges that Bitcoin bounces between, its current two week trading range in US dollars is between $9,591.99 and $11,908.56. In terms of its overall importance in the cryptocurrency market, Bitcoin’s current market capitalization is $174.14 billion US dollars, which is about 64.25% of the market capitalization of all cryptocurrencies. It should be noted, though, that Bitcoin’s dominance has been gradually moving down, reporting an average daily decline of -0.1% over the past 14 days. A decline in dominance may suggest the case for altcoins is getting stronger, and as such, altcoins may constitute viable investment opportunities.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Update on Transactions and Hash Rate

336,536 transactions were recorded on the Bitcoin blockchain yesterday. Regarding growth in actual usage of the blockchain for transactions, observe that over the past 7 days daily transactions have dropped by about 6.16%, though it should be noted this past week the trend should be described as not clear — at least on a two-week basis. Bitcoin may end up functioning as a form of savings if it does not increase the number of daily transactions occurring on its chain. As for Bitcoin’s transaction fees, the average transaction fee yesterday was $1.67 US dollars. The average transaction fee has been falling at a rate of about 7.22% per week, but the average amount of money sent in transactions, in US dollars, is down 5.99% week over week. Regarding Bitcoin’s hash rate, which serves as a measure of the network’s computational power, it has managed to bounce around over the past 30 days. It has been gaining daily by a rate of approximately 0.18%. Ultimately, the security of Bitcoin is being something to keep an eye on, because the hash rate trend is unclear — which implies the trend in mining strength is now harder to understand. From this perspective, this behavior may not provide Bitcoin with the ability to earn greater trust from developers and investors alike.

What are the Richest Hodlers Doing?

There are 549.35 million Bitcoin wallets with at least some positive amount of Bitcoin, but only 2.74% of those wallets have received or sent Bitcoin in the past 30 days. The number of monthly active users is in a downtrend, dropping about 98,815.29 per day over the past two weeks. Over 90.83% of the outstanding Bitcoin is held by the top 1% of Bitcoin wallets.

Article by SixJupiter

July 25, 2019: Bitcoin Jumps 3.28%, Lands Back Above $10,000, Closing in on its 20 Day Moving Average


How Did Bitcoin’s Price Fare Yesterday?

Bitcoin is up about 3.28% from the previous day, putting its price at $10,092.65 US dollars at the time of this writing. The past 24 hours mark a reversal in price from the day prior. It should be noted, though, that price is still in a down trend, and is currently 8.18% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Given that its distance from its 20 day moving average of $10,991.4 is somewhat close, it may mean that a climb up to the 20 day moving average may be needed before momentum buyers come in. On the flip side, for those who prefer a rangebound view when trading, Bitcoin’s trading range — based on its momentum and volatility over the past two weeks — is between $9,737.13 and $12,245.67 (in US dollars). The currency’s market cap is now at $179.77 billion US dollars, and it’s market dominance — the percent of the entire amount of capital invested in cryptocurrencies that belong to Bitcoin — is at 64.55%. As for the recent behavior, Bitcoin’s dominance level hasn’t exhibited a clear trend, but rather has fluctuated between 64.55% and 66.32%. A dominance level without a clear trend suggests that it may still be unclear as to whether or not we will live in a world with many viable coins, or whether Bitcoin will be the “one coin to rule them all”.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Straight Off the Chain

295,589 transactions were added to the Bitcoin blockchain in the previous day. Daily transactions recorded on the Bitcoin blockchain dropped by approximately -7.46% this past week; to wit, the trend is clear at this time. Ultimately, if the currency does not succeed in growing transactions on its chain, its primary utility may be as a store of value. In terms of transaction fees, the average cost for sending Bitcoin yesterday ended up being approximately $1.62 US dollars. The average transaction fee has been falling at a rate of about 13.8% per week, but the average amount of money sent in transactions, in US dollars, is down 7% week over week. A fall in transaction fees greater than that of transaction sizes may be one factor that enhances Bitcoin’s usage as a currency for payment. Last but certainly not least, Bitcoin’s hash rate continues to bounce around on a 30 day basis, rising about 0.28% per day. A trend in hash rate that is unclear suggests that mining is becoming more uncertain in a way, and that the chain is thus being something to keep an eye on. As such, this might not enable Bitcoin to earn greater trust from developers and investors alike.

What are the Richest Hodlers Doing?

Over the past 30 days, 2.77% of the 548.97 million Bitcoin wallets holding a balance reported a transaction. The number of monthly active users is in a downtrend, sinking about 91,737.66 per day over the past two weeks. Over 90.71% of the outstanding Bitcoin is held by the top 1% of Bitcoin wallets.

Article by SixJupiter

July 24, 2019: Bitcoin Falls for the 4th Day in a Row, Landing Below $10,000

Bitcoin: What’s the Latest Regarding its Price?

Bitcoin is down about 1.62% from the previous day, putting its price at $9,694.09 US dollars at the time of this writing. This marks the 4th day in a row that Bitcoin has been down, and the coin is trending down. As price is currently somewhat far below its 20 day average price of $10,951.49, we may interpret that to mean prospective buyers may wish to wait for this gap to shorten a bit before jumping in. Alternatively, for those interested in trading ranges that Bitcoin bounces between, its current two week trading range in US dollars is between $9,512.85 and $12,390.13. In terms of its overall importance in the cryptocurrency market, Bitcoin’s current market capitalization is $172.98 billion US dollars, which is about 64.89% of the market capitalization of all cryptocurrencies. As for the recent behavior, Bitcoin’s dominance level hasn’t exhibited a clear trend — but has fluctuated between 64.89% and 66.32%. As its dominance level doesn’t have a clear direction at the moment, one could argue it isn’t clear yet whether altcoins will survive — or if Bitcoin will capture the entire market and the vast majority of use cases for cryptocurrencies.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Straight Off the Chain

Yesterday, the Bitcoin blockchain saw 320,352 transactions recorded on it. The trend in daily transactions is not clear, though it should be noted that transactions have dropped by about -5.83% over the past week. Ultimately, if the currency does not succeed in growing transactions on its chain, its primary utility may be as a store of value. As for Bitcoin’s transaction fees, the average transaction fee yesterday was $1.76 US dollars. The size of the typical transaction on Bitcoin’s blockchain is down 14.86% in US dollars; meanwhile, the fee for sending transactions has been declining by 16.47% per week. In terms of how much computing power Bitcoin is using, over the past 30 days its hash rate has continued to bounce around, ultimately gaining daily by approximately 0.28%. Ultimately, the security of Bitcoin is being something to keep an eye on, because the hash rate trend is unclear — which implies mining is now harder to understand. This may not help Bitcoin draw more capital to its chain.

What are the Richest Hodlers Doing?

There are 548.61 million Bitcoin wallets with at least some positive amount of Bitcoin, but only 2.8% of those wallets have received or sent Bitcoin in the past 30 days. It should be noted that over the past two weeks, the number of monthly active users of Bitcoin has been falling by about 82,034.16 per day. The top 1% of Bitcoin wallets hold over 90.84% of the outstanding Bitcoin.

Article by SixJupiter

July 23, 2019: Bitcoin Falls for the 3rd Day in a Row, Down 2.75%

How Did Bitcoin’s Price Fare Yesterday?

Bitcoin’s price at the moment is clocking in at $10,042.25, which means that since yesterday, it is down about 2.75%. This is now the 3rd straight day that Bitcoin has headed down, and the coin’s prevailing trend over the past 14 days is down. As price is currently somewhat close below its 20 day average price of $10,965.91, we may interpret that to mean a climb up to the 20 day moving average may be needed before momentum buyers come in. On the other hand, if you are a rangebound trader seeking a range for Bitcoin to bounce between, you might find a lower boundary at $9,430.97 USD and an upper boundary at $12,500.86 USD. The currency’s market cap is now at $179.42 billion US dollars, and it’s market dominance — the percent of the entire amount of capital invested in cryptocurrencies that belong to Bitcoin — is at 64.97%. Bitcoin’s dominance level has been without a clear trend over the past two weeks, fluctuating between 63.94% and 66.32%. A dominance level without a clear trend suggests that it may still be unclear as to whether or not we will live in a world with many viable coins, or whether Bitcoin will be the “one coin to rule them all”.

Want to trade Bitcoin? Consider the following brokers: Binance, CoinDirect, WCX

Update on Transactions and Hash Rate

319,399 transactions were recorded on the Bitcoin blockchain yesterday. Daily transactions recorded on the Bitcoin blockchain declined by approximately -4.07% this past week; to wit, the trend is clear at this time. Bitcoin may end up functioning as a store of value if it does not increase the number of daily transactions occurring on its chain. As for Bitcoin’s transaction fees, the average transaction fee yesterday was $1.4 US dollars. The average transaction fee has been declining at a rate of about 16.52% per week, but the average amount of money sent in transactions, in US dollars, is down 10.2% week over week. Last but certainly not least, Bitcoin’s hash rate continues to bounce around on a 30 day basis, gaining about 0.24% per day. Given the unclear trend in bitcoin mining, it may be that hash rate is getting harder to interpret; this could result in the chain’s security being something to keep an eye on. As such, this might not enable Bitcoin to attract more high value transactions.

What are the Richest Hodlers Doing?

Over the past 30 days, 2.83% of the 548.24 million Bitcoin wallets holding a balance reported a transaction. It should be noted that over the past two weeks, the number of monthly active users of Bitcoin has been oscilliating by about 68,631.95 per day. The top 1% of Bitcoin wallets hold over 90.72% of the outstanding Bitcoin.

Article by SixJupiter