Data supplied by on-chain data provider IntoTheBlock may indicate how many of the slightly more than 19 million mined Bitcoins have already gone permanently out of circulation.
In a recent tweet, this data aggregator stated that during the past five years, almost 29% of the BTC in circulation had stayed inactive. The business emphasises that a large number of these Bitcoins have probably been permanently lost.
It is consistent with Glassnode’s most recent tweet concerning “hodled or lost Bitcoins.” According to a recent report from the data provider, this indicator indicates 7,781,224,168 BTC.
A judge’s announcement that Ripple did not break U.S. securities law by selling XRP on open crypto trading platforms was good news for the whole sector, and it caused the leading cryptocurrency Bitcoin to rise by almost 3.5% on Thursday, July 13. In contrast, the court saw Ripple’s sale of XRP to financial institutions as a sale of securities.
Nevertheless, this partial win increased the price of XRP by more than 70% and helped the rest of the market, including Bitcoin, rise sharply.
Many significant cryptocurrency exchanges, including Coinbase and Binance US, that instantly delisted XRP once the Ripple-SEC case began in December 2020 have now relisted it.
The leader of the cryptocurrency market plummeted by 4.78% the next day, reaching the $30,133 region. At the time of writing, the Bitstamp exchange is trading one Bitcoin for $30,092.
