Bitcoin lost nearly 70% of its millionaires in 2022
Since the beginning of the year, the cryptocurrency market has lost more than $1 trillion in value due to the pressure exerted on it, resulting in a crisis that is gripping the entire digital asset industry on a global scale.
One of the consequences of this is that holders of the largest digital currency, BTC, were highly exposed to the effects of the free fall suffered by the market. The number of currency millionaires has decreased by almost 70% in the first half of this year.
Today, June 29, 2022, the number of addresses with bitcoin balance over $1 million is 26,284according to BitInfoCharts.com statistics analyzed by Finbold. And another 4,342 addresses have a combined balance of approximately $10 million or more.
However, comparing the above data to data from January 5, where 99,092 BTC addresses over $1 million were reported of dollars in bitcoin, it is possible to observe a decrease of 69.09% since the beginning of the year.
The decrease in the number is even more impressive when looking at data from October 2021, when BTC was trading close to its all-time high, 116,139 addresses confirmed as millionaires as of October 28, 2021. With this information, the decline was 73.62% between the date and June 29, 2022.
Cryptocurrency market capitalization has lost over $60 billion dollars in the last two days and, After struggling to stay above the all-important $20,000 range, bitcoin went below it earlier today.
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