Glassnode data shows the 30-day average of the number of bitcoin minted currently stands at 900 BTC worth $35 million – that’s just 0.14% of bitcoin’s 24-hour trading volume of $24.7 billion. The average stood at over 12,000 BTC 10 years ago, above 4,000 BTC between 2013 and 2016, and above 2,000 BTC before 2020.
Related posts
-
Altcoins should stop relying on Bitcoin’s surge, CryptoQuant CEO says
With Bitcoin’s future growth driven by institutional investments and ETFs, the CryptoQuant head advises altcoins to... -
Crypto Bloodbath: $581M in Derivatives Liquidated Amid Bitcoin’s Fall
Bitcoin (BTC) is having a rough time, slipping below the $91,000 mark and hitting an intraday... -
Rising Peaks and Waning Steam—Is Bitcoin’s $100K Milestone Out of Reach?
Bitcoin (BTC) recently brushed the $99,800 mark, making it tantalizingly close to the elusive $100,000 milestone....