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Jul 24 2021

Bitcoin Transfer Volume Now Exceeds $15.8 Trillion

The “total amount of coins transferred on chain,” metric is equivalent to 70% of the United States Gross Domestic Product.Bitcoin, the world’s most valuable cryptocurrency, recently saw its total transfer volume exceed $15.8 trillion for the first time in less than seven months of this year.This means bitcoin’s total transfer volume currently represents 70% of the...

May 23 2021

Why Bitcoin Is Nowhere Near The Top This Year

Bitcoin has a long way to go in this bull market, and the rest of the year looks bright.Despite bitcoin’s meteoric rise of over 550% this year, on-chain analysis paints a picture of it still being early in the game. Why? Three words: Coin Days Destroyed (CDD).Nowhere Near The Top This YearBy assessing CDD, we can visualize the confidence among...

May 08 2021

How Many Bitcoin Wallets Hold More Than $1 Million?

The number of “bitcoin millionaires” is booming, but there’s still a lot of room for growth, which will propel the bitcoin price as well.Bitcoin has come a long way since its inception in 2009. With bitcoin’s market capitalization at just over $1 trillion, new on-chain data reveals that the number of...

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