* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Bitcoin investors ‘buy the dip’ as BTC nears $40K, gaining 16% in less than 24 hours


Share post:

Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours. 

Investors bulk up Bitcoin holdings

The number of Bitcoin addresses with a balance greater than 0.01 BTC (~$400) reached a record high of 9.51 million, the latest data from Coin Metrics shows. Meanwhile, the number of addresses that hold at least 0.1 BTC (~$3,850) also reached 3.34 million for the first time in history.

Bitcoin addresses with a balance greater than 0.1 BTC. Source: Coin Metrics, Messari

On the whole, Bitcoin’s network added a little over 24,500 addresses with a non-zero balance on Thursday, coinciding with BTC’s choppy price moves — from around $37,200 to below $34,500, followed by a recovery toward $40,000.

Bitcoin on-chain accumulation trends. Source: Ecoinometrics

Data resource Ecoinometrics divided the addresses into two groups — one that holds less than 1 BTC and the other that holds anywhere between 1,000 BTC and 10,000 BTC — noting that both groups have been “buying the Bitcoin…

Read more…

Related articles

Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs, Setting Powerful Precedent for NFT Creators

David Leichtman, Leichtman Law managing partner, told CoinDesk TV on Tuesday that the case wasn’t necessarily about Mason...

UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45...

The war among blockchains should stop to speed up adoption – Cointelegraph

The war among blockchains should stop to speed up adoption  Cointelegraph Read more...

Danish fintech Mazepay raises €4m to simplify B2B payments

Digital Banking The startup aims to make B2B payments as simple as B2C transactions with...