In the past 30 days, the Bitcoin (BTC) ecosystem has seen a significant rally in accumulation, with approximately 88,000 BTC being amassed on a net basis. This strong period of accumulation, which has persisted through much of September, is notable for being about seven times the monthly bitcoin issuance of around 13,500 BTC. Such intense accumulation has not been seen since Q4 2023, a period that saw a rapid increase in bitcoin’s price.
Related posts
-
Market Madness: Bitcoin Dips, Most Meme Coins Tank, but Fartcoin Moonshots
Over the past week, bitcoin has dipped 4.18%, while ethereum has tumbled over 13% against the... -
Toncoin Price Heat Map Reveals $20 Target
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While... -
Bitcoin Technical Analysis: Will the Long-Term Uptrend Save the Day?
Bitcoin’s current price is $97,384, with a 24-hour trading volume of $69.42 billion and a market...