As tweeted
recently by Santiment, a market intelligence platform with on-chain and social
metrics for cryptocurrencies, Bitcoin will likely rise in value this July and
altcoins may follow it up.
This
anticipated jump in price is precipitated by the fact that key stakeholders
have continued to get hold of more bitcoins in gargantuan magnitude.
“#Bitcoin's
whale & shark addresses have continued to accumulate, with a big chunk of
$BTC buying coming in the past 2 weeks as news of #ETF launches came out. As
long as key stakeholders continue buying, further #crypto rises can be
justified in July,” Santiment tweeted
Contemporarily,
wallets holding between 10 and 10,000 BTC hold 13 million Bitcoins, which
represents 67% of the supply in circulation.
There are
only 21 million BTC that can be extracted and more than 19 million have already
been mined by now.
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