Only 19% of bitcoin’s circulating supply is actively being traded on crypto exchanges, according to blockchain analytics firm Chainalysis. Around 60% of its supply is, on the other hand, being “held for long-term investment.”
Reddit has asked the Ethereum community for help in scaling the ERC-20 tokens it has started distributing in the r/Cryptocurrency and r/FortniteBR subreddits, in an attempt to scale the token distribution to its over 400 million users.
Bitcoin mining hardware manufacturer Ebang is looking to go public in the United States via an initial public offering (IPO) in which it plans to raise over $100 million.
Top stories in the Crypto Roundup today:
- Only 19% of Bitcoin’s Current Supply Is Being Traded, Chainalysis Reports
- Reddit Asks Ethereum Community to Help Scale ‘Community Points’ tokens
- Bitcoin Miner Maker Ebang Eyes $106 Million U.S. IPO
At the time of writing, bitcoin (BTC) is trading at $9,287.73 (-1.51%) with a daily Top Tier volume of $2.34 bn. As for ether (ETH), it is trading at $228.37 (-2.13%) with a daily Top Tier volume of $607.78 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,051.05 (-1.32%).