Infographic Of The Day: Why The Market Is Thinking About Bitcoin Differently

   2021-04-06 10:04




posted on 06 April 2021

The bull case for bitcoin is linked to the cryptocurrency’s limited supply of only 21 million coins. But scarcity is forming in another way, revolving around investor behavior. According to research from Ark Invest, investors are holding onto bitcoin for longer and longer durations. By holding the asset rather than selling, it decreases the supply of coins available on the market at any given moment, which can drive up price. This suggests that market participants see the long-term value and potential future payoff the asset possesses.

[click here to enlarge infographic]

Source:
https://www.visualcapitalist.com/why-the-market-is-thinking-about-bitcoin-differently/

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin59,665 0.47 % 1.19 % 4.56 %
Ethereum2,143.4 0.66 % 0.49 % 6.28 %
Binance Coin483.63 2.46 % 1.64 % 50.88 %
XRP1.380 4.22 % 11.42 % 139.81 %
Tether1.0000 0.02 % 0.02 % 0.07 %
Polkadot40.54 0.80 % 1.73 % 2.79 %
Cardano1.240 0.01 % 1.17 % 6.53 %
Litecoin253.01 0.93 % 9.35 % 29.27 %
Uniswap30.00 0.06 % 0.50 % 1.65 %
Stellar0.6121 4.36 % 16.03 % 49.49 %
Chainlink32.60 0.72 % 1.62 % 11.20 %
Bitcoin Cash685.90 1.57 % 3.01 % 28.74 %
Theta Network12.27 0.74 % 1.64 % 7.36 %
Filecoin177.30 0.37 % 0.73 % 0.00 %
USD Coin1.000 0.35 % 0.16 % 0.65 %
Dogecoin0.07229 1.64 % 14.60 % 28.64 %
VeChain0.1400 1.99 % 4.78 % 57.54 %
Wrapped Bitcoin59,567 0.26 % 1.34 % 4.40 %
TRON0.1213 0.19 % 1.66 % 19.29 %
Solana26.85 1.56 % 1.65 % 18.82 %