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The number of bitcoin addresses holding at least 1 bitcoin has risen to an all-time high

The number of bitcoin addresses holding at least 1 bitcoin has risen to an all-time high

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Answer The number of bitcoin addresses holding at least 1 bitcoin has risen to an all-time high

Today, Saturday, bitcoin addresses with at least one bitcoin reached an all-time high of 888,262 addresses.

Based on the current price level of bitcoin, each wallet contains over $22,000 worth of cryptocurrency.

The number of bitcoin whale addresses has also skyrocketed in the past few weeks.

According to Glassnode, 101 addresses on the Bitcoin network now hold at least 10,000 BTC, the highest level in 4 weeks.

Bitcoin has seen a strong recovery last week after declining nearly 70% in the past seven months.

As a result of the recent bitcoin comeback, the total number of losing bitcoin addresses reached 17 million on Friday, the lowest level in one month.

Read:The launch of stable digital currencies for Argentina and Brazil based on the Stellar blockchain

In addition to whale accounts, activity via small bitcoin addresses has also surged in the past few days.

The number of bitcoin addresses containing 0.01+ bitcoin just reached an all-time high of 10,535,795 bitcoin.

Bitcoin and Ethereum:

In terms of weekly gains, Bitcoin jumped more than 10% while Ethereum saw a gain of more than 30%.

Commenting on the latest price movements across the cryptocurrency market, Farah Murad, Senior Market Analyst at XTB MENA, said:

For now, the most likely scenario is that gains in the cryptocurrency market will be supported as long as we continue to see recovery in the stock market, recession fears and geopolitical tension subside.

However, during the recovery of the cryptocurrency market, it is worth taking care of small projects.

Bitcoin and Ethereum are becoming a safe haven in the crypto world, and smaller projects can provide higher volatility for those looking for it.

Read:Cryptocurrency lending platform Cred submits a request for bankruptcy protection … Details here

Read also:

Binance CEO Comments On Tesla Selling Its Bitcoin Holdings…Here’s What He Said

The SEC identifies some cryptocurrencies that are considered securities…know them


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