Bitcoin has been trying hard to push throught the king coin seems to be faring high in other categories. Ethereum has been following Bitcoin’s footsteps.
Ethereum Follows Bitcoin’s Trail
The COVID-19 pandemic has definitely stirred the entire globe. Economies crashing, citizens across countries filing for unemployment, and most importantly losing loved ones have been currently surfing the world. The crypto community also witnessed a blow during March when the price of Bitcoin plummeted down to the 4K zone. On the whole, these past few months have been nothing less than catastrophic.
On a brighter note, Bitcoin was reportedly one of the quickest to recover from the slump caused by the pandemic. Despite the fact that Bitcoin is still hovering around 9K, Glassnode, an analytics platform recently revealed that Bitcoin has been hitting all-time highs on other charts.
As per Glassnode, Bitcoin’s active supply 3y-5y has witnessed a notable surge in the past 24 hours. The current value was recorded at 1,165,734.158 which is 3 percent more than its previous that was, 1,131, 614. 872.
While the active supply of the king coin was hitting an all-time high, Ethereum seemed to have followed the footsteps of Bitcoin. Ethereum’s active supply
3y-5y had also hit an all time high. The latest all time high was recorded at 17,170,026.202.
Addresses Holding 0.1+ Coins Also Hit ATH
Glassnode also reported that the number of Bitcoin wallets holding 0.1+ coins also reached an all-time high after recording 3,054,282. Previously on 21 May 2020, an all-time high of 3,054,070.000 was reported.
Bitcoin wasn’t the only one, as the number of Ethereum wallets holding 0.1+ coins also hit an ATH of 2,984,080.000. The previous all-time high was witnessed earlier today when the number hit 2,984,040.000.
Despite carrying out significant damage to the price of several crypto assets, this pandemic has welcomed many into the crypto-verse. The situation in the United States has also turned many into venturing into the field. Global unrest seems to be fueling these charts as individuals have been purchasing large amounts of cryptocurrencies.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at firstname.lastname@example.org