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 <p class="is-style-lead">The Bitcoin (BTC) price gained traction on Sept. 12 after deep diving around the $25,000 mark.</p> 
 <p>On-chain metrics indicate notable hikes for the flagship cryptocurrency amid unreliable <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="dofollow" title="conditions" href="https://thebittimes.com/tag/conditions.html">conditions</a>.&nbsp;</p> 
 <p>Bitcoin is up by 1.17% in the past 24 hours and is trading at $26,875 at the time of writing. The asset’s market cap has reached $524 billion for the first time since Aug. 30. Its 24-hour trading volume has surpassed the $8.6 billion mark.</p> 
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   BTC price, whale activity, supply on exchanges and velocity – Sept. 18 | Source: Santiment
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 <p>According to data from the market intelligence platform Santiment, BTC whale transactions plunged by around 10% despite its high trading volume — currently at 4,188 transfers. This indicates that smaller investors rather than sharks and whales could have triggered the recent bullish momentum.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Chainlink surges amid high exchange inflows and social volume 
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 <p>Moreover, the total amount of Bitcoin supply on exchanges dived to 1.15 million coins, showing signs of self-custodial accumulation after consistently declining since Sept. 7, per Santiment.</p> 
 <p>Data from the <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> intelligence platform shows that a single Bitcoin changed addresses 3.2 times on average over the past 24 hours.&nbsp;</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr"> #Bitcoin $BTC Number of Receiving Addresses (7d MA) just reached a 5-year high of 40,475.738<br><br>Previous 5-year high of 40,427.935 was observed on 16 September 2023<br><br>View metric:https://t.co/U2DRirGj7r pic.twitter.com/X5n7dElDTn</p>— glassnode alerts (@glassnodealerts) September 18, 2023
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 <p>Furthermore, data provided by Glassnode revealed that the numbers of receiving and new Bitcoin addresses have reached 40,475 and 26,808, respectively.&nbsp;</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr"> #Bitcoin $BTC Number of New Addresses (7d MA) just reached a 5-year high of 26,808.631<br><br>Previous 5-year high of 26,708.345 was observed on 16 September 2023<br><br>View metric:https://t.co/tDzY9Fl7QL pic.twitter.com/Go6tM01QH8</p>— glassnode alerts (@glassnodealerts) September 18, 2023
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 <p>Per Glassnode, both indicators have reached five-year highs, while the broader crypto <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> is <a rel="dofollow" title="uncertain" href="https://thebittimes.com/tag/uncertain.html">uncertain</a>.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bitcoin-holds-above-26k-amid-uncertain-market-conditions-tbt63081.html">https://thebittimes.com/bitcoin-holds-above-26k-amid-uncertain-market-conditions-tbt63081.html</a></p>

Bitcoin holds above $26k amid uncertain market conditions

TheBitTimes

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