Smaller retail investors are currently accumulating record amounts of Bitcoin, according to on-chain data from Glassnode.
November 29, 2022 | | | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $16,404 | Bitcoin price is in the mid-$16,000 range as price continues to remain comfortable in its recent range. | Top-20 altcoins have had positive 24-hour performance as Ethereum gains 4%, BNB rise 2% and Dogecoin rallies 8%. | Top Stories for November 29, 2022 🔥 | | Smaller retail investors are currently accumulating record amounts of Bitcoin following the collapse of crypto exchange FTX, according to on-chain data from Glassnode. | Statistics from the company show that wallets holding less than 10 BTC have been adding a total of several billion dollars worth of extra Bitcoin to their addresses – while larger holders have been selling, on average. | | Bankrupt crypto lender BlockFi is suing FTX founder Sam Bankman-Fried's holding company, Emergent Fidelity Technologies, for Robinhood shares pledged to the company as collateral. | The two entities had an agreement from early this month to guarantee payment by an unnamed borrower – now revealed to have been Alameda Research – secured by the shares. | | Crypto wallet ZenGo has found that the Polygon-Ethereum bridge holds around $27 million in unclaimed funds, which is believed to be due to the two-step withdrawal process. | The bridge allows users to transfer assets between the two blockchains, but requires a transaction on each "end" of the bridge. It is believed that the funds have aggregated from the off-ramp step of the process. |
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