latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Number of Bitcoin Whales Hits All-time High

Number of Bitcoin Whales Hits All-time High
The number of Bitcoin “whales” today hit an all-time high, data from metrics site Glassnode shows.

The number of #Bitcoin whales (entities holding at least 1,000 $BTC ) has reached a new ATH after more than 4 years.
An entity is a cluster of network addresses controlled by the same individual/institution.
— glassnode (@glassnode) November 25, 2020

Whales are investors so rich that trades they place can push prices up or down. Glassnode defines Bitcoin whales as entities (people or organizations Glassnode believes owns some cluster of wallets) that hold at least 1,000 Bitcoin , currently worth $19 million.
Per Glassnode, there are just under 2,000 Bitcoin whales, as of this writing. The last time there were so many whales was in June 2016, a year before the Bitcoin bull run of 2017.
Earlier this week, a report from Bitcoin analytics company Santiment found that the number of wallets holding at least 10,000 BTC were also at yearly highs .

Bitcoin fanatics have long clamored for institutional investors and whales. Their battle cry is, of course, inexhaustible—who determines when institutional investors have finally arrived? 
As the wails continued, institutions and rich investors responded one by one. 
Billionaire investors like Stanley Druckenmiller and Ricardo Salinas Pliego are among the prominent investors in Bitcoin. MicroStrategy bought up $450 million in Bitcoin this summer. Its CEO, Michael Saylor, considers Bitcoin “a swarm of cyber hornets serving the goddess of wisdom.” 
MicroStrategy CEO: Bitcoin the Solution to $250 Trillion Problem
And large companies now offer Bitcoin to their customers. PayPal recently rolled out crypto services to US customers, Robinhood offers commission-free crypto trading, and Square’s Cash App sells crypto to its users.
To service their growing customers, large institutions like Grayscale (a crypto investment firm), Square, and PayPal buy up all of the new Bitcoin to ensure their customers have enough supply. 
But if a small number of companies hold most of the Bitcoin, the distributed network could become a little top-heavy. shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Number of Bitcoin Whales Hits All-time High

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News