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- Bitcoin has just reached its all-time high realized market capitalization in 1d MA of $107,582,610,412.48.
- Bitcoin active supply last moved in 3 years to 5 years had reached a 13 months high of 1,228,899.072 BTC.
- The all-time high realized capital of $107.8 Billion has come when it was priced at $9,228.32 down by 0.32% in the last 24 hours.
Glassnode alerts in its latest tweet have revealed that Bitcoin has just reached its all-time high realized market capitalization in 1d MA of $107,582,610,412.48. Further, the previous all-time high was on the day before (July 10th) where the market capitalisation stood at $107,582,030,186.86.
📈 #Bitcoin $BTC Realized Cap (1d MA) just reached an ATH of $107,582,610,412.48
Previous ATH of $107,582,030,186.86 was observed earlier today
View metric:https://t.co/C8JhD26mC1 pic.twitter.com/98QkWybkq5
— glassnode alerts (@glassnodealerts) July 10, 2020
Glassnode alerts, a Blockchain agency that provides useful on-chain statistics and exchange flow on cryptocurrency platforms such as Bitcoin, Ethereum, and many other ETH-20 tokens. Only a few hours later, Glassnode Alerts had posted another tweet in which it announced that the Bitcoin active supply last moved in 3 years to 5 years had reached a 13 months high of 1,228,899.072 BTC and the previous 13 months high of 1,228,780.194 BTC was experienced on July 10th.
Indicates Bullishness Of Bitcoin Users
The Bitcoin has been in the vicinity of the $9000 mark for a long time now. And the all-time high realized capital of $107.8 Billion has come when it was priced at $9,228.32 down by 0.32% in the last 24 hours. For the past couple of days, Bitcoin has been seeing many all-time highs indicating that it has become very active in the last few days. Bitcoin’s all-time high of $107 billion market capital despite its relatively low market price is a straight indication of the bullishness of the investors. The Bitcoin users are keen and strongly believe in the cryptocurrency’s long term growth.
Long Term Growth Reflection of Superior Security And Seamlessness
Nick Szabo, the renowned Blockchain and cryptocurrency pioneer had shared similar thoughts when Bitcoin’s market had surpassed the $100 billion mark in August 2019. He said that the preference of Bitcoin as a long term growing cryptocurrency is a reflection of its superior security, global seamlessness, and monetary soundness.
Increasing User Trust An Indication Of Greater Demand In Future
Moreover, the realized capital isn’t the only on-chain feature that has been reaching its all-time high, the active supply, active addresses, and the user base is also increasing. The increase in active supply as mentioned above as well as the appreciation in the number of transactions in the last few days is a signal that investors are not only accumulating Bitcoin for the long term they are also using it for payments.
On July 1st, the hourly new addresses went a 2 year high, hourly new addresses went a year high, yearly transaction count went a 10 month high and the hourly spent outputs and lifespan went a 24 hours High. This clearly signifies the user trust in Bitcoin and demand for Bitcoin will only increase in the coming days.
