ISLAMABAD: The price of Bitcoin (BTC), the world’s largest cryptocurrency, bounced back on Wednesday to reach $50,736 after gaining 2.63 percent at 1545 GMT. With this increase, the market capitalisation of the BTC has reached $945 billion. On the other hand, Ethereum (ETH) gained 0.56 percent to reach $1,593. With this increase in price, the market capitalisation of ETH reached $182 billion.
Likewise, Litecoin (LTC) price increased to $191 with 4.01 percent gain. The market capitalisation of LTC stands at $12.7 billion after this increase. Similarly, Tether (USDT) price gained 0.28 percent to reach $1. With this increase, the market capitalisation of the USTD has reached $35.8 billion.
The number of bitcoin-holding accounts has spiked lately as a result of the cryptocurrency’s price surge. Over 93,000 accounts currently hold bitcoins worth at least $1 million, according to data from BitInfoCharts.
Statistics also showed there are 8,214 accounts that own bitcoins valued at more than $10 million. That is 102,076 bitcoin accounts that can call themselves diamond hands, in the parlance of Redditors who refer to investment outperformance in that way. Also, 422,104 accounts can boast bitcoin accounts valued at more than $100,000. TLTP
