The cryptocurrency market has been relatively stable for almost a week now, given that the market capitalization is around 2.5 billion dollars.
Currently, according to the CoinGecko website, the cryptocurrency market has lost 3 percent of its value in the past 24 hours and now stands at $2.44 trillion.
Bitcoin has also been hovering around $50,000 for the past seven days.
It is currently below that limit, and it is trading at a price of 49,452 dollars, which means that it has fallen by 2.7 percent.
Ethereum has fallen 3.2 percent in the past 24 hours and is currently trading at $3,935.
Most digital goods are in the hands of a few
According to research conducted by the National Bureau of Economic Research, a non-profit organization from the USA, most Bitcoin coins are in circulation – about 75% “move” from one exchange office to another, and a small number of large wallets control more than a quarter of circulating parts.
Together with a survey conducted by the Wall Street Journal, the largest 1,000 investors control about 3 million, or 16 percent of the total circulation of Bitcoin coins, while the 10,000 largest investors hold about 5 million, which is about 27 percent of the Bitcoin circulation.