• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

15 Mn Bitcoin Stagnant In Past 6 Months Amid Crypto Winter

OMMCOM NEWS by OMMCOM NEWS
January 11, 2023
in Business

New Delhi: In a significant concern for many in the cryptocurrency community amid the deepening crypto winter, the total amount of inactive Bitcoin (BTC) for at least six months has grown to over 15 million.

According to an analysis by CryptoMonday.de, Bitcoin “hodlers” are becoming increasingly popular, with investors looking to hold onto their BTC longer.

Hodlers are long-term holders of a cryptocurrency, who buy and hold regardless of price.

Stagnant BTC supply since 2010 has slowly increased over the years, with a few exceptions in 2018 and late 2021.

“This indicates that Bitcoin holders are increasing their holdings rather than trading or moving them around,” said the report.

“The stagnation is due to the constant decline in BTC prices which has lowered people’s interest in trading at the moment. Besides, it is possible that the network is not used as much as it once was. This could be due to the increasing use of alternative cryptos like Ethereum,” said Jonathan Merry, CEO of CryptoMonday.

Bitcoin stagnation can be a concern for many people in the cryptocurrency community.

For one, it signals a lack of liquidity in the market that could cause massive price swings if there is even a slight change in demand.

It could also signal that institutional investors are making BTC lose its volatility and turning it into an asset with minimal price movement, said the report.

“It may be too soon to draw any conclusions from this data. Nevertheless, it is a clear indication that ‘hodlers’ are increasing their holdings and remaining confident in the future of Bitcoin,” said the report.

The BTC price remains stagnant at around $17,000 apiece for a while.

It is a possibility that BTC has reached a saturation point, with most of the people interested in buying BTC already having done so.

“Besides, the current economic conditions are not conducive to BTC growth. People are more interested in saving and investing their money rather than speculating on the future value of BTC,” the report noted.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Full Team Of ECI Reaches Tripura To Review Poll Preparedness

Next Post

Why India Must Fast-Track Its Railways In Arunachal To Deter China

Related Posts

Business

India’s Social Security Coverage Leaps From 19 Pc To 64.3 Pc Of Population In Last 10 Years

June 28, 2025
Business

Govt Extends CBDT Chairman Ravi Agrawal’s Tenure By A Year

June 28, 2025
Indian stock markets
Business

Indian Stock Markets Stage Sharp Rebound This Week, FII Buying Returns

June 28, 2025
Public Sector Banks
Business

Total Business Of Public Sector Banks Surges To Rs 251 Lakh Crore In 2024-25

June 27, 2025
Economy
Business

Early Months Of FY26 Indicate Resilient Economy, Outlook Remains Positive: Centre

June 27, 2025
RBI
Business

India Clocks Current Account Surplus Of $13.5 Billion In Jan-March Quarter

June 27, 2025
Next Post

Why India Must Fast-Track Its Railways In Arunachal To Deter China

If Govt Feels Victims Are Entitled, Pay Them, SC Tells Centre In Bhopal Gas Tragedy Case

Madras HC Grants Interim Stay To TN Milk Co-Op Employees Against Dismissal

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.