Cryptocurrencies
Active Digital Wallets On the Rise Even Before This Week’s Bitcoin Spike
- Market intelligence firm points to increased wallet activity
- Smaller holders were more active in prior 2 weeks, firm says
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Small-fry investors were already stirring before this week’s surge in digital coin prices.
In the prior two weeks, a high number of electronic storage accounts known as digital wallets holding Bitcoin became active, according to market intelligence firm Flipside Crypto. While 40 percent to 50 percent of all Bitcoins are usually sitting in wallets that have been inactive from one to six months, the average has been about 10 percent since March 15, the firm found.