For the first time in history, 9.23 million BTC have been accumulated at the addresses of large holders storing from 100 to 10,000 BTC. The number of active Bitcoin addresses increased by 30%.
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data Analysts at Glassnode, over the last week of July, the number of active addresses on the Bitcoin network has grown by 30% – from 250,000 to 325,000. In January, this figure was 425,000 addresses, but in early July it fell by 41% to 245,000.
The current number of active Bitcoin addresses corresponds to the July 2020 levels, when Bitcoin traded at $ 11,300. Along with a significant increase in the number of active addresses, at the end of July, investors again began to accumulate large volumes of cryptocurrency.
According to the analytical company Santiment, on August 1, 9.23 million BTC worth about $ 364 billion are located on addresses storing from 100 to 10,000 BTC, which was a new maximum. Over the past four weeks, another 170,000 BTC has been accumulated on these addresses. This is almost half of all BTC mined to date, and taking into account the irretrievably lost coins, it is already much more.
This staggering pace was last seen at the end of December 2020, during bitcoin’s skyrocketing growth, when its price jumped from $ 29,000 to $ 40,800 in the first week of the year. Today, bitcoin is trading at about $ 39,000 and is trying to gain a foothold above the $ 40,000 mark, and its market capitalization is $ 746.7 billion.
This growth in user activity is taking place against the backdrop of the rise in the cryptocurrency rate. One of the reasons for the growth of BTC is the statements of Tesla CEO Elon Musk that he did not sell a single bitcoin in his possession. In addition, Musk said Tesla will resume accepting BTC if more than 50% of its bitcoin is mined using renewable energy sources.
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