- While the first half of 2023 has already passed, Bitcoin (BTC) has gone through some turbulent periods but still managed to increase its price by over 55% since the beginning of the year.
- At the time of writing, the number of Bitcoin millionaire addresses has reached 76,078, representing a 170.89% increase or 47,994 addresses with at least $1 million worth of BTC, compared to 28,084 on January 5th.
- Meanwhile, Bitcoin is trading at $26,136 with a 1% increase in the last 24 hours and a modest gain of 1.37% in the previous seven days.
The cryptocurrency market has been going through a turbulent period lately, but Bitcoin has created new millionaires in the first quarter of the year.
Bitcoin Creates New Millionaires
While the first half of 2023 has already passed, Bitcoin (BTC) has gone through some turbulent periods but still managed to increase its price by over 55% since the beginning of the year. This has created optimism among investors and made approximately 48,000 people millionaires.
Indeed, at the time of writing, the number of Bitcoin millionaire addresses has reached 76,078, representing a 170.89% increase or 47,994 addresses with at least $1 million worth of BTC, compared to 28,084 on January 5th. These data are based on information obtained by COINOTAG on June 13th.
Among these millionaire wallets, there are 70,747 different addresses with Bitcoin balances worth more than $1 million, and 5,331 investors have at least $10 million worth of BTC.
For comparison, on January 5th, 2023, the number of Bitcoin millionaires was 28,084, with 24,279 addresses holding at least $1 million worth of BTC, and 3,805 holding at least $10 million worth of the first cryptocurrency.
Bitcoin Price Update
Meanwhile, Bitcoin is trading at $26,136 with a 1% increase in the last 24 hours and a modest gain of 1.37% in the previous seven days, moving to reverse its monthly losses of 2.75%. As COINOTAG previously reported, wallets holding between 100 and 10,000 BTC added about 60,000 more than the largest cryptocurrency by market value due to a 10% drop in price since April 9th, creating a bullish divergence and indicating the possibility of a strong recovery in the future.
