price-news | CoinDesk

Number of Bitcoin Holders Shoots to Record High, Data Shows

Investors with long-term horizons seem to be accumulating cheaper coins.

By Omkar GodboleMay 25, 2021

A sing-along to the tune of The Police's 1978 classic "So Lonely."

By Brady DaleMay 21, 2021

Coinbase also announced it would be listing DOGE in six to eight weeks.

Multi-asset brokerage eToro announced support for the cryptocurrency Monday.

The bellwether cryptocurrency was changing hands around $52,150, with hourly buyer volume at the highest since April 23.

"While the shock may be sustained in stock markets, the nature of cryptocurrency will see straight through this dip," Landsberg-Sadie told CoinDesk.

Bitcoin's price fell about $4,300 in the last 24 hours.

The drop below $55,000 comes at a time when cryptocurrency fund inflows have been on the decline.

The largest cryptocurrency continues to claw back ground after last week suffering its biggest loss since March 2020.

A bearish engulfing candle is just one signal among many market indicators and some analysts say the bull market is intact.