What happens when 1% of Bitcoin holders control 99% of BTC supply?
Whales have amassed a large portion of the Bitcoin in circulation, with around 1.86% of addresses holding most of the supply.
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Whales have amassed a large portion of the Bitcoin in circulation, with around 1.86% of addresses holding most of the supply.
The Bitcoin 2024 conference is underway in Nashville – with Donald Trump’s address scheduled for July 27 a major drawcard to the event.
Marathon remains bullish on Bitcoin price in the long term, as it sold none of the BTC it mined during June.
The Bitcoin Runes protocol initially dominated daily transactions post-launch but is now seeing a decline, with BTC reclaiming its network dominance.
The new Bitcoin grants program could invite more innovation for Bitcoin-native DeFi, or BTCFi.
The payment will allow the company to focus on scaling operations rather than keeping up with debt obligations in the post-halving environment.
The drop in mining difficulty should spell relief for the largest mining firms.
Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future.
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.
Bitcoin is likely to reach $1 million quickly due to a “torrent of money” coming from institutional investors in 2024, according to the JAN3 CEO. […]
