The percentage of bitcoin’s total circulating supply that is seen as inactive – i.e. has not moved in at least a year – has just reached a 4-year high above 60.6%, suggesting investors are holding onto their BTC.
Bitcoin has, according to JPMorgan strategists, passed its “first real stress tests” earlier this year, during the coronavirus-induced market crash in March.
Ethereum mining pool Ethermine has decided to distribute the $2.6 million it mined from am mysterious ETH transaction with a large fee to its users, after the original sender failed to claim the funds.
Top stories in the Crypto Roundup today:
- Inactive Bitcoin Supply Hits 4-Year High
- Bitcoin Passed its ‘First Real Stress Test’, say JPMorgan Strategists
- Ether Mining Pool Cashes its $2.6 Million Gas Fee After receiving False Refund Claims
At the time of writing, bitcoin (BTC) is trading at $9,477.53 (3.71%) with a daily Top Tier volume of $3.20 bn. As for ether (ETH), it is trading at $232.23 (3.63%) with a daily Top Tier volume of $784.73 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,104.92 (1.59%).