Recently Shared Analytics Report Shows How Many Bitcoins May Have Been Lost So Far
On-chain data provider IntoTheBlock has shared data that may suggest how many BTC coins have been permanently out of circulation to date out of just over 19 million Bitcoins mined.
According to a tweet recently published by this data aggregator, around 29% of the BTC in circulation has remained inactive over the past five years. The company points out that it is likely that a large portion of these Bitcoins have been lost for good.
Have you ever wondered how many bitcoins are lost forever? Our data shows that 29% of $BTC Hasn’t moved for over 5 years. It’s possible that much of this is lost parts. #Bitcoins
— IntoTheBlock (@intotheblock) July 17, 2023
This lines up with Glassnode’s recent tweet about “blocked or lost Bitcoins”. The data agency recently reported that this metric shows 7,781,224.168 BTC.
📈 #Bitcoins $BTC HODLed or lost coins just hit a 5-year high of 7,781,224.168 BTC
Show metric: pic.twitter.com/nF9KjaR2jv
— glassnode alerts (@glassnodealerts) July 17, 2023
On Thursday, July 13, flagship cryptocurrency Bitcoin jumped around 3.50%, reaching the $31,641 level on bullish news for the entire crypto industry – Judge Analisa Torres announced that Ripple had not violated US securities law by selling XRP on public crypto trading platforms. . Contrary to this, the sale of XRP by Ripple to financial institutions was considered a sale of securities by the court.
Still, this partial victory sent the price of XRP up over 70% and also sent the rest of the market up, including Bitcoin.
Many major crypto exchanges that delisted XRP immediately after the Ripple-SEC trial began in December 2020 have now relisted it, including Coinbase and Binance US.
However, the following day, the crypto market leader fell by 4.78%, reaching the $30,133 zone. As of this writing, Bitcoin is changing hands at $30,092 on the Bitstamp exchange.
