Multi-million dollar Bitcoin transactions increased in North America

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Multi-million dollar Bitcoin transactions increased in North America

In the latest report of Chainalysis, it was stated that Bitcoin transactions of $ 1 million and above have exploded in North America since late 2019.

Bitcoin 12,000
Bitcoin 12,000
According to the report of the popular blockchain analysis platform Chainalysis, professional investors from the USA have started to move digital currencies, led by Bitcoin, to the crypto markets.

In the report, it was stated that institutional investors in the US are moving much larger volumes of Bitcoin and other cryptocurrencies to stock exchanges than their Asian and European counterparts.

They continue to seriously prefer Bitcoin

While analyzing the main trends in the North American cryptocurrency space, Chainalysis discovered that professional investors continue to prefer Bitcoin over other cryptocurrencies, but in the firm report, this trend has just begun.

In the statement of Chainalysis, it was stated that since December 2019, the increasing dominance of the professional cryptocurrency market in North America is due to transfers of $ 1 million and above, believed to come from institutional investors.

Record increase in big Bitcoin transactions

Transactions in North America of $ 1 million or more have increased by 46 percent since late 2019 and set a record with an increase of 57 percent in May 2020. In addition, the market share of institutional investors in the region increased from 87 percent to 92 percent in the same period.

Bitcoin News
Bitcoin News

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