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Cryptocurrency News

Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests

05/31/2022

Less than a minute

2022.05.31 17:51

Bitcoin‘s (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling.

Notably, the number of Bitcoin under Coinbase (NASDAQ:COIN) Custody for institutional clients rose by 296% since Q4 2020, showcasing the most investors decided to “hodl” onto their investments despite BTC price being down well over 50% from its all-time highs.

Source

05/31/2022

Less than a minute