Currency Economy

Bitcoin’s $1-trillion market holds for 10 days straight

Cryptocurrency (Apr 06, 2021 11:40AM ET)Bitcoin’s $1-trillion market holds for 10 days straight

Bitcoin’s $1-trillion market holds for 10 days straight

More than 10% of Bitcoin’s supply has been moved while its market capitalization has been more than a trillion dollars since March 26, indicating strong support in the middle- and upper-$50,000 price range.

According to Monday’s “Week On-chain” report from on-chain analytics provider Glassnode, Bitcoin (BTC) has enjoyed a $1-trillion market capitalization for more than one week for the first time. “This is a strong vote of confidence for Bitcoin and the cryptocurrency asset class as a whole,” the report said.BTC UTXO Realized Price Distribution: Glassnode

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