DeFi News Daily Official TheBitTimes.com

In the ever-evolving landscape of financial markets, cryptocurrencies and tech stock s have emerged as formidable contenders for investors’ attention. As the dust settles on a tumultuous five-year period, a pressing question arises: Which performed better, crypto or stock s? CoinGecko published a study on July 1 examining how these finance titans performed against each other in the last five years. The rise of the Magnificent Seven The term “Magnificent Seven” was coined by Bank of America analyst Michael Hartnett in April 2023 to describe seven dominant tech stocks. These stocks include Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Amazon.com (NASDAQ: AMZN), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA). Together, they have come to represent a significant portion of the United States tech stock market. Picks for you ...

Glassnode reports a record 2.9 million BTC, valued at $82.5 billion, untouched for ten years . It underscores long-term holders’ faith amidst market fluctuations. Glassnode data shows that the amount of Bitcoin that has not been moved for at least ten years just hit a new all-time high of nearly 2,900,000 BTC — or about $82.5 billion. #Bitcoin $BTC Amount of Supply Last Active > 10y just reached an ATH of 2,895,599.067 BTC View metric:https://t.co/lBBwEqVviB pic.twitter.com/8gZJzStNEw — glassnode alerts (@glassnodealerts) August 17, 2023 This means that the quantity of Bitcoin held for at least ten years keeps increasing and reaching new heights, suggesting that long-term investment is alive and kicking. Similarly, the percentage of Bitcoin’s supply that has not moved for at least five years reached a new record of 29.202% on Aug. 16. Nearly one-third of Bitcoin’s total supply has been kept in a single wallet for at least five years . The same is ...