how many bitcoins have been lost - Here's How Many Bitcoins Are Now Lost Forever: IntoTheBlock
On-chain data vendor IntoTheBlock has shared data that may suggest how many $BTCcoins have been permanently out of circulation by now from the slightly more than 19 million mined Bitcoins.
According to a recently published tweet by this data aggregator, approximately 29% of the circulating $BTChave remained dormant over the span of the last five years. The company stresses that it is likely that a big portion of these Bitcoins have been lost for good.
Ever wondered how many Bitcoins are lost forever? Our data shows that 29% of $BTChasn't moved in over 5 years. It's possible that a large part of this concerns lost coins. #Bitcoin
— IntoTheBlock (@intotheblock) July 17, 2023
It matches the recent tweet of Glassnode about "hodled or lost Bitcoins." The data agency reported recently that this metric shows 7,781,224.168 $BTC.
?? #Bitcoin $BTCAmount of HODLed or Lost Coins just reached a 5-year high of 7,781,224.168 $BTC
— glassnode alerts (@glassnodealerts) July 17, 2023
View metric:https://t.co/dJK8rxBVD3 pic.twitter.com/nF9KjaR2jv
On Thursday, July 13, the flagship cryptocurrency Bitcoin surged by around 3.50%, soaring to the $31,641 level on bullish news for the whole crypto industry — Judge Analisa Torres announced that Ripple did not violate U.S. securities law by selling $XRPon public crypto trading venues. Unlike that, Ripple's selling $XRPto financial institutions was deemed selling securities by the court.
Still, this partial victory drove the $XRPprice up by more than 70% and pushed the rest of the market way up as well, including Bitcoin.
Many major crypto exchanges that delisted $XRPimmediately after the start of the Ripple-SEC lawsuit in December 2020 have now relisted it, including Coinbase and Binance US.
However, the following day, the crypto market leader fell by 4.78%, hitting the $30,133 zone. At the time of this writing, Bitcoin is changing hands at $30,092 on the Bitstamp exchange.