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Crypto Week at a Glance: Crypto market in consolidation as Bitcoin reaches 90% milestone
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economictimes.indiatimes.comBy Analytics Team, Giottus Cryptocurrency Exchange As Bitcoin struggles to get past $50,000, the community celebrated the milestone of 90 per cent of Bitcoin’s total supply being mined this week. It has taken just 12 years to mine the first 90 per cent while the remaining 10 per cent will be mined slowly over the next 120 years making a favorable demand-supply case for Bitcoin in the future.
Bitcoin (BTC) has had a dull December so far with prices hovering between $46,000 and $50,000 for the most part. The market is in a consolidation phase as BTC struggles to reclaim the key $52,000 level that will reconfirm its rally towards previous highs.
On a weekly basis, BTC has dropped 3 per cent and is trading at $47,000 levels. Avalanche (AVAX),
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