{"id":38772,"date":"2019-04-04T00:44:26","date_gmt":"2019-04-03T22:44:26","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=38772"},"modified":"2020-02-19T01:18:36","modified_gmt":"2020-02-18T23:18:36","slug":"report-bitcoin-wallet-activity-spiked-week-before-bull-run","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/report-bitcoin-wallet-activity-spiked-week-before-bull-run\/","title":{"rendered":"Report: Bitcoin [BTC] Wallet Activity Spiked Week Before Bull Run"},"content":{"rendered":"\n
Despite analysts scrambling to find the reason behind Bitcoin\u2019s most recent price rally, during which the currency increased 25 percent in the span of days, one firm is pointing to wallet activity as a sign of increased adoption.<\/p>\n\n\n\n
According to market intelligence firm Flipside Crypto, digital wallet activity for Bitcoin and other cryptocurrencies saw a spike in activity over the previous two weeks. The wallet activity gives some indication in an uptick of user activity and industry adoption, even before the most recent bullish turn in valuation.<\/p>\n\n\n\n
Historically, around 40 to 50 percent of circulating Bitcoin has been held in wallets that are inactive for greater than a month, likely due to the bulk of investors keeping their coins on exchanges. However, Flipside Crypto reports that figure falling to only 10 percent since March 15, showing a significant increase in user activity over the last several weeks. <\/p>\n\n\n\n