Tuesday, November 17, 2020

BREAKING: Bitcoin on high demand, hits 2-year high, trading $17,000

Bitcoin’s price traded at $17,000 with a daily trading volume of $25,785,265,40


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The world’s flagship Crypto, Bitcoin had just struck another milestone hitting a two-year high.

What we know: At the time of filing this report, Bitcoin’s price traded at $17,000 with a daily trading volume of $25,785,265,405.

BTC price is up 4.1% in the last 24 hours. It has a circulating supply of 19 million coins and a max supply of 21 million coins.

It’s also paramount in noting most Bitcoin holders, see the flagship crypto asset, as more of a wealth preservation tool rather than a utility asset.

As recent data from Glassnode, show Bitcoin $BTC Percent Supply Last Active 2+ Years just reached a 3-month low of 44.012%

  • The previous 3-month low of 44.013% was observed earlier today
  • Metric Description: The percent of circulating supply that has not moved in at least 2 years.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment Trading. Featured Financial Market Analysis for a Fortune Global 500 Company. Member of the Chartered Financial Analyst Society. Follow Olumide on Twitter @tokunboadesina or email olumide.adesina@nairametrics.com.

 

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