Bitcoin ‘Money Vessel’ Amasses $8B, Recovery Lacks ETF Inflows

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Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash.

Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above $110,000, indicating strong onchain inflows. 

Bitcoin’s realized cap measures the dollar value of all coins at their last moved price, revealing the total investment held by Bitcoin holders.

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Bitcoin ‘Money Vessel’ Amasses $8B, Recovery Lacks ETF Inflows


Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash.

Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above $110,000, indicating strong onchain inflows. 

Bitcoin’s realized cap measures the dollar value of all coins at their last moved price, revealing the total investment held by Bitcoin holders.

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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