Bitcoin is slowly but surely relocating in the digital asset class to watch very closely. At the time of writing, BTC is trading at $ 29,379 after recording a 2.58% drop in the last 24 hours. Prior to this decline, the cryptocurrency had already recorded a 3.10% drop. In view of the recorded increase, it is in the process of resuming growth dynamics, as analysts point out. At the same time, Glassnode has revealed another data that deserves special attention: the number of BTC addresses.
Data showing the bitcoin craze
According to data from Glassnode, the number of addresses with more than one BTC is high increased in recent days. This number reached an all-time high 845,340 addresses. What does this suggest? Simply put, the number of people incorporating BTC among their investment options is growing day by day. This also helps a cryptocurrency revaluation.
Other data (yet to be revealed by Glassnode) deserves investors’ attention. It relates to the volume of BTC supply. Glassnode reported that this amount reached a highest level for 2 years. Currently, the size of the offer 4 million BTC. For two years, it was impossible to reach this level. As a result, analysts indeed deduce that bitcoin (BTC) is returning to a good position among investors.
Finally, Santiment released data proving that BTC volatility is no longer the same as it was towards the end of April 2022. Cryptocurrencies are king becoming less volatile, and so more stable. Conclusion? Investors may hold their stock to reap good profitability in the long run.
All bitcoin (BTC) indicators have been green for a few weeks. However, it should not be inferred that the “dark period” (indicating to name the period in which cryptocurrency prices are falling) is firmly behind us. In fact, nothing is definitive or certain in the digital assets sector. In addition, at present, BTC has not yet crossed the $ 30,000 mark (re)
The number of people who decide to use bitcoin (BTC) and invest in this digital asset is increasing day by day. Recent data proves it: investors are back. In fact, at present, professionals in the cryptocurrency sector are quite positive. However, as we usually write, we have to take the current forecasts with a grain of salt.
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Luc Jose Adjinacou
Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and put forward my pen information related to this ecosystem.