Is Interest in Bitcoin and Ethereum Investment Increasing? Analysis of BTC and ETH Wallets!

• According to recent on-chain data, interest in Bitcoin and Ethereum is increasing, and individual investors are starting to increase the amount in their wallets.
• The number of non-zero wallets in Bitcoin, i.e., wallets with more than 0 BTC, has reached an all-time high, setting a new record.
• Following the record in Bitcoin, Ethereum wallets also reached a record. The number of wallets in Ethereum with a balance greater than 0 ETH has set a new record at 106,067,483.

Latest on-chain data reveals all-time highs in Bitcoin & Ethereum wallet metrics. Analyze their effect on BTC & ETH prices now.

A New Record in Bitcoin Wallets!

While Bitcoin and Ethereum prices continued to move with low volatility over the weekend, recent on-chain data shows that interest in Bitcoin and Ethereum is increasing, and individual investors are starting to increase the amount in their wallets.

According to data obtained by COINOTAG from the data analytics firm Glassnode, today, the number of non-zero wallets in Bitcoin, i.e., wallets with more than 0 BTC, has reached an all-time high, setting a new record. The number of non-zero BTC wallets reached 49,138,848, achieving an ATH (All-Time High).

This trend indicates that more investors are investing in Bitcoin and holding onto it, even during challenging periods and low volatility in Bitcoin’s price. The number of addresses with a balance greater than 0 BTC continues to rise.

Ethereum, Following Bitcoin

According to Glassnode data, after the record in Bitcoin, Ethereum wallets also set a record. The number of wallets in Ethereum with a balance greater than 0 ETH reached a new record of 106,067,483. According to the data, the number of wallets with a balance greater than 0 ETH is more than twice the number of the same metric for BTC.

Despite the challenging times for BTC and ETH, this trend shows that investor confidence remains strong, and the ecosystem is growing. One reason for the number of ETH wallets being more than twice that of BTC could be the widespread use of ETH in decentralized exchanges and similar decentralized applications.

The price of Bitcoin has increased by 0.30% in the last 24 hours, trading at $26,594. Its market capitalization is $518 billion. Bitcoin’s 24-hour trading volume has decreased by 40%, reaching $6.5 billion.

The price of Ethereum, on the other hand, has experienced a slight decrease of 0.27% in the last 24 hours and is trading at $1,631. Its market capitalization is $196 billion. Ethereum’s 24-hour trading volume has decreased by 35% to $2.6 billion compared to Bitcoin.