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

• According to the latest findings observed in 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, meaning the number of wallets that hold a higher amount of BTC than 0, has reached an all-time high, breaking a new record.
• Following the record in Bitcoin, a record was also seen in Ethereum wallets. The number of wallets in Ethereum that have a balance of 0 ETH has set a new record with 106,067,483.

According to the wallet metrics of Bitcoin and Ethereum analyzed by COINOTAG, interest in BTC and ETH investments has reached a new record!

A New Record in Bitcoin Wallets!

While Bitcoin and Ethereum prices continue their movements with low volatility due to the weekend effect, according to the latest findings observed in on-chain data, interest in Bitcoin and Ethereum is increasing and individual investors are starting to increase the amount in their wallets.

According to the data obtained by COINOTAG from the data analytics firm Glassnode, today the number of non-zero wallets in Bitcoin, meaning the number of wallets that hold a higher amount of BTC than 0, has reached an all-time high, breaking a new record. The number of non-zero BTC wallets reached the level of 49,138,848, achieving ATH.

This trend indicates that more investors are investing in Bitcoin and holding it. Despite challenging periods and low volatility in Bitcoin price, the number of addresses with a non-zero BTC balance continues to rise.

Ethereum, Following Bitcoin’s Path

According to Glassnode data, following the record in Bitcoin, a record was also seen in Ethereum wallets. The number of wallets in Ethereum that have a balance of 0 ETH has set a new record with 106,067,483. According to the data, the number of wallets with a balance of more than 0 ETH is more than twice the number in the BTC metric.

Despite the challenging periods for BTC and ETH, this trend shows that investors’ confidence is not shaken and the ecosystem is growing. One of the reasons why the number in ETH is more than twice that of BTC may be the intensive use of ETH in decentralized exchanges and similar decentralized applications.

The price of Bitcoin is trading at $26,594 with a 0.30% increase in the last 24 hours. The market cap is $518 billion. BTC’s 24-hour volume has decreased by 40% to $6.5 billion.

The price of Ethereum has experienced a slight decrease of 0.27% in the last 24 hours and is trading at $1,631. The market cap is $196 billion. ETH’s 24-hour volume has decreased less compared to BTC, with a 35% decrease to $2.6 billion.