Is the cryptocurrency epicenter moving away from East Asia? – Cointelegraph Magazine

[ad_1] It probably came as little surprise last year when crypto intelligence firm Chainalysis declared East Asia “the world’s largest cryptocurrency market,” accounting for 31% of all cryptocurrency transacted during the previous 12 months. The region has a broad base of retail users along with a solid foundation of crypto traders and institutions, and China alone was at the time mining around two-thirds of all the Bitcoin in the world. In

Large hodlers accumulate Bitcoin below $50K as BTC transactions over $1M soar

[ad_1] Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, shows data provided by Glassnode.The blockchain analytics platform reported on Monday that the dominance of Bitcoin transactions exceeding $1 million has surged twofold since September 2020 — from 30% to 70% of the total value transferred.Since retail investors do not typically engage in large-volume transactions, Glassnode guesses that the