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Market trends: Altcoins up strongly and 23% of bitcoins missing in action
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Our newsletter today looks at surprising bitcoin research from Chainalysis and our own analysis of the impressive recent surge in top altcoins’ market capitalization.
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Chainalysis research shows up to 23% of bitcoin are MIA
A new report by bitcoin research firm Chainalysis shows between 17% to 23% of bitcoins have disappeared or are out of circulation for a variety of reasons. The “lost” coins – estimated at between 2.78 million and 3.79 million bitcoins – represent more than $29.8 billion of “missing” digital currency at a trading value of $8,500 per bitcoin. Read more…
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14 Altcoins rising: A fresh look at recent market values
Today, bitcoin soared past $9,500 in busy Monday trading. The real market story may be the rise in value of a number of altcoins led by Litecoin which hit a record $87. Let’s look at trading values and 7-day trends today (Nov 27) for the top 14 altcoin digital currencies according to Coinmarketcap.com. Read more…
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