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Data shows crypto downturn driven by short term Bitcoin holders ‘panic selling’
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Data shows crypto downturn driven by short term Bitcoin holders ‘panic selling’

The global crypto market cap is $1.74 trillion with a 24-hour volume of $301.35 billion. The price of Bitcoin is $39,695.48 and the BTC dominance is at 42.7%.

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CryptoSlate
May 20, 2021
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Data shows crypto downturn driven by short term Bitcoin holders ‘panic selling’
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by Samuel Wan

Short term panic sellers appear to tanking the market, but FUD is driving the narrative of worse to come.

The number of addresses holding Bitcoin for more than one year has increased to its highest ever level, data from analytics tool IntoTheBlock showed today.

Read the full story here ➡️


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With a focus on Bitcoin, macro, DeFi, AI and web3, our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it.
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Data shows crypto downturn driven by short term Bitcoin holders ‘panic selling’
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AI crypto market cap doubles to $25 billion in 20 days
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AI crypto market cap doubles to $25 billion in 20 days
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One year of Bitcoin ETFs and 1,100,000 BTC
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However, the same unrealized gains from BTC holdings could lead to surprise tax liabilities under CAMT regulations, posing financial challenges for…
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New FASB rules make Bitcoin holdings a goldmine for corporate earnings
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