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Bitcoin Active Supply Prints New High Over Past 24 Hours: Glassnode Data

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Sat, 13/06/2020 - 11:57
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Bitcoin Active Supply Prints New High Over Past 24 Hours: Glassnode Data
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On its Twitter page, the analytics company Glassnode has shared some positive data about Bitcoin that came up over the past twenty-four hours.

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As per the chart published by the company, Bitcoin active supply 3y-5y has shown a significant rise to 1,165,734.158, being 3 percent up from the previous value of this index.

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Image via @glassnodealerts

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More good news from Glassnode here is that the amount of BTC wallets with 0.1+ coins has also surged to a new ATH of of 3,054,282.000, with the previous high reached on May 21.

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Image via @glassnodealerts

This could be indicative of retail users buying more BTC due to the current global financial crisis, the Fed constantly printing USD to bailout companies and provide survival checks, as well as social unrest in the US, the UK and other countries, including Lebanon.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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