Nearly a million addresses now hold 1+ BTC

As the cryptocurrency industry continues to grow and evolve, and Bitcoin (BTC) records an impressive 70% price increase since the turn of the year, the flagship of decentralized finance (Challenge) active also records remarkable results in terms of the number of its holders.

More specifically, the number of crypto wallets holding at least one Bitcoin recently reached a new all-time high (ATH), approaching the number of 1 million holders, according to data from the cryptocurrency tracking platform LookIntoBitcoin share by a Twitter user bitcoin archive April 9.

Addresses holding at least 1 BTC. Source: Bitcoin Archives / LookIntoBitcoin

Over 46 million holders

Meanwhile, the total number of Bitcoin holders has grown at the fastest rate since early 2021, when BTC’s price topped $64,000 for the first time in its existence, according to the news and chart. share speak crypto analytics platform Holy April 9.

Indeed, the graph indicates that the total number of addresses holding any amount of Bitcoin has reached 46.16 million over the past few days, in a pattern that resembles that which occurred from January 2021 to April. 2021, with a price that is currently over 55%. lower than at that time.

Total number of bitcoin holders. Source: Holy

As the platform team explained in the tweet, the increasing rate of people’hodling‘ the first digital asset in their wallets could be due to crypto traders apparently becoming “increasingly satisfied with keeping their bags still for the long term”.

bitcoin price analysis

Meanwhile, Bitcoin was changing hands at press time at a price of $28,319, registering an increase of 1.44% over the previous 24 hours and a gain of 0.29% over the past week, as it added to the cumulative growth of 40.23% on the coin. monthly chart and 70% YTD.

Year-to-date Bitcoin price chart (YTD). Source: Fineball

Notably, Bitcoin adoption could also get a boost of the Democratic presidential candidacy of environmental lawyer Robert F. Kennedy Jr., who previously warned of the possible dangers of central bank digital currencies (CBDC), like Bitcoin outperformed all five major indices in the first quarter of 2023.

Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.

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