BEAMSTART Logo

Bitcoin 'millionaire' wallets drop 80% in year of BTC price bear market

Coin Telegraph LogoCoin Telegraph2 mo ago

Bitcoin 'millionaire' wallets drop 80% in year of BTC price bear market - Coin Telegraph

Quick Summary:

Twelve months after Bitcoin's last all-time high, seven-figure BTC balances have taken a hit.

Glassnode nonetheless shows that even the smallest classes of investor — those with 0.01 BTC or more in their wallets — have also grown in numbers recently.

Millionaire wallet numbers are down around 79% in that period, while BTC/USD saw a maximum drawdown of 77% this month, data from Cointelegraph Markets Pro and TradingView shows.


More Pictures

Bitcoin 'millionaire' wallets drop 80% in year of BTC price bear market - Coin Telegraph (Picture 1)

or

Article Details

Author / Journalist: Cointelegraph By William Suberg

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-27 @ 18:30:00 (2 months ago)

News Timezone: GMT -5:00

Ranking: #55 (out of 2146 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 1979926

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bitcoin 'millionaire' wallets drop 80% in year of BTC price bear market" has 376 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Bitcoin 'millionaire' wallets drop 80% in year of BTC price bear market" was covered 2 months ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 13 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #1979926
  • URL: https://beamstart.com/news/bitcoin-millionaire-wallets-drop-80-16695742501935

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.