Bitcoin ETF

Bitcoin

<p>Bitcoin has demonstrated resilience, with a notable increase in the number of millionaire wallets, signaling an increased interest among high-net-worth individuals and institutions, and a consolidating price trend.</p> 
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 <img decoding="async" class="wp-image-25155 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/11/81925-wallet-addresses-hold-more-than-1-million-in-BTC.webp" alt="81925 wallet addresses hold more than 1 million in BTC" width="771" height="80" srcset="https://crypto.ro/en/wp-content/uploads/2023/11/81925-wallet-addresses-hold-more-than-1-million-in-BTC.webp 771w, https://crypto.ro/en/wp-content/uploads/2023/11/81925-wallet-addresses-hold-more-than-1-million-in-BTC-300x31.webp 300w, https://crypto.ro/en/wp-content/uploads/2023/11/81925-wallet-addresses-hold-more-than-1-million-in-BTC-768x80.webp 768w, https://crypto.ro/en/wp-content/uploads/2023/11/81925-wallet-addresses-hold-more-than-1-million-in-BTC-750x78.webp 750w" sizes="(max-width: 771px) 100vw, 771px" title="Bitcoin's millionaire wallets triple as BTC consolidates around $37,000 29">
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  81,925 wallet addresses hold more than $1 million in BTC | BitInfoCharts
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</figure> 
<h2 id="surge-in-millionaire-wallets">Surge in millionaire wallets</h2> 
<p>Data from BitInfoCharts reveals a striking 237% increase in the number of <a href="https://crypto.ro/en/bitcoin/">Bitcoin</a> wallets containing over $1 million. From just 23,795 at the beginning of the year, this figure has soared to 81,925. This dramatic rise is not just a reflection of growing investor confidence but also indicates a broader acceptance of Bitcoin as a viable asset class.</p> 
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 <img decoding="async" class="wp-image-25157 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/11/millionaire-Bitcoin-wallets-has-grown-more-than-237-from-the-beginning-of-the-yea.webp" alt="millionaire Bitcoin wallets has grown more than 237 from the beginning of the yea" width="1520" height="645" srcset="https://crypto.ro/en/wp-content/uploads/2023/11/millionaire-Bitcoin-wallets-has-grown-more-than-237-from-the-beginning-of-the-yea.webp 1520w, https://crypto.ro/en/wp-content/uploads/2023/11/millionaire-Bitcoin-wallets-has-grown-more-than-237-from-the-beginning-of-the-yea-300x127.webp 300w, https://crypto.ro/en/wp-content/uploads/2023/11/millionaire-Bitcoin-wallets-has-grown-more-than-237-from-the-beginning-of-the-yea-1024x435.webp 1024w, https://crypto.ro/en/wp-content/uploads/2023/11/millionaire-Bitcoin-wallets-has-grown-more-than-237-from-the-beginning-of-the-yea-768x326.webp 768w, https://crypto.ro/en/wp-content/uploads/2023/11/millionaire-Bitcoin-wallets-has-grown-more-than-237-from-the-beginning-of-the-yea-750x318.webp 750w, https://crypto.ro/en/wp-content/uploads/2023/11/millionaire-Bitcoin-wallets-has-grown-more-than-237-from-the-beginning-of-the-yea-1140x484.webp 1140w" sizes="(max-width: 1520px) 100vw, 1520px" title="Bitcoin's millionaire wallets triple as BTC consolidates around $37,000 30">
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  “millionaire” Bitcoin wallets has grown more than 237% from the beginning of the year | Glassnode
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<p>However, it’s crucial to note that this count of millionaire wallets includes not only individual investors but also crypto exchanges and financial institutions, underscoring the diverse nature of Bitcoin’s appeal​​.</p> 
<p>In comparison, the peak of such <a href="https://crypto.ro/en/education/best-crypto-wallet/">crypto wallets</a> was observed in November 2021, coinciding with Bitcoin reaching its all-time high of $69,000. This suggests a correlation between market highs and the number of high-value wallets.</p> 
<p>Additionally, the number of “wholecoiners” — <a href="https://crypto.ro/en/news/over-one-million-bitcoin-wallets-now-hold-a-whole-bitcoin-or-more/">wallets holding at least one Bitcoin</a> — has also risen modestly by 4%, indicative of steady accumulation trends despite broader market challenges​​.</p> 
<h2 id="37-price-increase">37% price increase</h2> 
<p>Increased investor optimism has been a driving force behind <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a>’s recent rise. &nbsp;Historically, November has been a strong month for Bitcoin, and this year’s performance aligns with these trends. Bitcoin’s price has risen by 37% in the last 30 days, consolidating around the $37,000 mark.</p> 
<p>Additionally, the growing interest from institutional investors and the rising popularity of Bitcoin-focused exchange-traded funds (ETFs) have contributed significantly. The anticipation of another Bitcoin halving in about six months and the potential <a href="https://crypto.ro/en/news/2-5-billion-floods-bitcoin-etfs-and-gbtc-in-just-one-week/">approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC)</a> have further fueled investor optimism.</p> 
<h2 id="bitcoin-s-price-movement">Bitcoin’s price movement</h2> 
<p>Bitcoin’s price dynamics offer another lens through which to assess the cryptocurrency’s health. Recent data indicates that Bitcoin is trading near $37,000, consolidating gains from the $38,000 zone. This consolidation phase is marked by resistance near $37,250, as per the hourly BTC/USD chart from <a href="https://crypto.ro/en/education/best-crypto-exchange/#6-kraken-most-secure-crypto-exchange">Kraken</a>. The currency experienced a rally towards $38,000, followed by a correction to $35,850, before resuming its upward trajectory. The immediate resistance is near the $37,200 level, with potential for further gains if these resistance levels are breached​​.</p> 
<p>The ongoing consolidation and resistance levels suggest a cautious optimism among traders. A breakthrough above these levels could indicate a more robust upward momentum, potentially leading towards the $38,000 mark and beyond.</p>

Bitcoin’s millionaire wallets triple as BTC consolidates around $37,000

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