spot_imgspot_imgspot_img

The Number of Addresses Holding at Least 1 Bitcoin Reaches a New Record!

  • Leading cryptocurrency data provider Glassnode has released an update covering significant developments on the Bitcoin (BTC) network.
  • Glassnode reported that the number of addresses holding 1 or more Bitcoin has reached an all-time high (ATH), with this number recorded as 1,018,606.
  • Glassnode’s data highlights another noteworthy trend in the Bitcoin network. The supply of Bitcoin active between 6 months and 12 months has reached its highest level in the past month, measured with a 1-day moving average (1d MA).

Despite horizontal price movements and declines in Bitcoin, investors continue to show a tendency toward Bitcoin investment.

A New Record in Bitcoin Ownership

bitcoin-btc

Leading cryptocurrency data provider Glassnode has released an update covering significant developments on the Bitcoin (BTC) network. These developments indicate growth and increased activity within the Bitcoin ecosystem.

Glassnode reported that the number of addresses holding 1 or more Bitcoin has reached an all-time high (ATH), with this number recorded as 1,018,606. This milestone underscores the increasing interest and participation of individuals and institutions in the Bitcoin market. The previous ATH was also 1,018,606, demonstrating consistent growth in Bitcoin adoption.

BTC-number-of-addresses-holding-1-coins

Increased Activity in Bitcoin Addresses

Additionally, Glassnode’s data highlights another noteworthy trend in the Bitcoin network. The supply of Bitcoin active between 6 months and 12 months has reached its highest level in the past month, measured with a 1-day moving average (1d MA). This metric is currently recorded as 1,954,993.998 BTC. The increase in activity among Bitcoin holders during this specific time frame indicates renewed confidence and participation among long-term investors.

BTC-Amount-of-Supply-Last-Active-6m-12m

These developments come at a time when the cryptocurrency market is experiencing increased volatility and uncertainty. Bitcoin, as the leading cryptocurrency, sets the tone for the broader market. The increase in the number of addresses holding Bitcoin and the heightened activity among long-term holders demonstrate that Bitcoin continues to garner interest and trust despite market fluctuations.

As Bitcoin adapts to changing market conditions, Glassnode’s data provides valuable insights into the health of the network and participant behavior. These recent milestones further emphasize Bitcoin’s resilience and attractiveness as a digital asset and store of value in an ever-evolving financial landscape.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin and Altcoin Investment Products Witness $5.7 Billion Inflow!

Bitcoin and cryptocurrency investment products recorded a massive influx of funds, with increasing demand for Spot Bitcoin ETFs leading the way!

MicroStrategy Acquires 3,000 Bitcoin: Latest Status of the Company’s Assets!

Michael Saylor announced that MicroStrategy company purchased Bitcoin. The company's total assets exceeded 190K BTC.

Historic $1.3 Billion Bitcoin Transaction Sparks Debate on Crypto Valuation

A recent colossal Bitcoin transaction has reignited discussions about Bitcoin's valuation, comparing historical trades and pondering the future of currencies in the digital age.

Ethereum Dencun Upgrade is Approaching: Which Layer 2 Tokens Stand Out?

With Ethereum's Dencun upgrade approaching, tokens of Layer-2 DeFi platforms on Ethereum have started to gain attention.

A Massive Transfer of XRP Tokens is Occurring: Will XRP Price be Suppressed?

Based on blockchain transactions, more than 400 million XRP tokens were moved today. Will XRP price drop further?
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

Bitcoin and Altcoin Investment Products Witness $5.7 Billion Inflow!

Bitcoin and cryptocurrency investment products recorded a massive influx of funds, with increasing demand for Spot Bitcoin ETFs leading the way!

MicroStrategy Acquires 3,000 Bitcoin: Latest Status of the Company’s Assets!

Michael Saylor announced that MicroStrategy company purchased Bitcoin. The company's total assets exceeded 190K BTC.

Historic $1.3 Billion Bitcoin Transaction Sparks Debate on Crypto Valuation

A recent colossal Bitcoin transaction has reignited discussions about Bitcoin's valuation, comparing historical trades and pondering the future of currencies in the digital age.