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Million-dollar Bitcoin transfers show growing institutional activity
Institutional investors in the US are transferring larger volumes of Bitcoin and other cryptocurrencies than their European and Asian counterparts, on-chain analytics firm Chainalysis said in a report on Thursday. In its analysis of key trends in the North American crypto space, Chainalysis found out professional investors continue to “disproportionately favor Bitcoin” over other cryptocurrencies. However, this trend was “only just beginning,” the firm noted. "The increasing dominance of North America’s professional [crypto] market since December 2019 appears to be almost entirely driven by transfers of $1 ... (full story)