Bitcoin price surge in January led to a FOMO in the market, prompting 620K new small BTC addresses holding 0.1 BTC or less to pop up in the last month.
The recent spike in small Bitcoin addresses is the highest since Nov. 2022, a time when the BTC price dipped to its cycle low of around $16,000. The price decline prompted small traders to scoop up BTC at a lower price.
The current surge is attributed to a growing bullish sentiment in the market where apart from Bitcoin, a number of altcoins have also recorded multi-month highs, while the overall crypto market surged over 30%.Bitcoin continued its bullish momentum into February's first week as well, reaching a new five-month high above $24,000. However, the price couldn’t hold above the $24,000 resistance for long and eventually slumped below $23,000 earlier today.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Robert Kiyosaki Says He Likes Bitcoin — Calls BTC 'People's Money' – Featured Bitcoin NewsRich Dad Poor Dad author Robert Kiyosaki says he likes bitcoin, calling the cryptocurrency 'people's money.' $BTC crypto
Lire la suite »
Bitcoin (BTC) Price Analysis for February 4Can BTC get to $24,000 by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Lire la suite »
Bitcoin clings to $23.5K as trader says BTC 'identical' to 2020 breakoutBitcoin has bullish structures in place but BTC price action is dividing traders.
Lire la suite »
Is BTC price about to retest $20K? 5 things to know in Bitcoin this week'Perfect scenario' for capitulation? Here are five things to consider with BTC this week.
Lire la suite »
13,370 BTC Bought by This New Bitcoin Whale in One Biggest Monthly Transfer: Details$313.1 million in Bitcoin now held by this brand new whale — an acquisition made in a single $BTC transfer santimentfeed
Lire la suite »
Bitcoin (BTC) Ready for 'Impulse,' Super-Rare Indicator SaysSeasoned on-chain analyst tracked performance of Chinese 10-Year Government Bonds, US Dollar Index and Bitcoin (BTC) price and found interesting correlation pattern
Lire la suite »