Bitcoin continues to make headlines despite the massive market volatility that we have been seeing. The mass crypto adoption is going great these days, and there are all kinds of exciting events taking place that promote mainstream crypto adoption. Check out the latest reports below.
BTC lightning capacity surpasses 5k
Here’s the latest Bitcoin achievement that shows the king coin’s success in 2022.
— unfolded. (@cryptounfolded) October 6, 2022
According to the official notes: “The combined capacity in public channels is now over 5,000 bitcoin for the first time. The final push above 5,000 was largely driven by River Financial and Loop by Lightning Labs expanding their channel capacity. Stablecoins are one step closer to Bitcoin and the Lightning Network.”
Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red, and the coin is priced at $20,042.
Huge confidence in Bitcoin is revealed
Not too long ago we were revealing that a leading analytics firm says Bitcoin (BTC) holders have pulled tens of thousands worth of BTC from crypto exchanges in just one day, according to the latest reports. This shows massive confidence.
Santiment said that on the last day of September, “crypto exchanges witnessed a massive exodus of crypto to the tune of $683.42 million in BTC, the fourth largest of the year.”
According to Santiment, the abrupt relocation of huge amounts of BTC is a fact that is showing that traders are optimistic on the king crypto entering the final quarter of the year.
“Bitcoin saw 34,723 of its coins move off exchanges on September 30th, indicating what may be a hint of trader confidence heading into Q4. The last time at least this much BTC left exchanges was June 17th, where prices jumped +22% the next four weeks.”