Bitcoin

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<a href="https://u.today/bitcoin-btc-price-floor-might-hit-41200-in-months-analyst-says-why" rel="noopener noreferrer nofollow">Bitcoin</a>, the largest cryptocurrency by market capitalization, has achieved a groundbreaking milestone, but not in terms of price.
Bitcoin has set a new high in its total number of addresses with a balance.
According to on-chain analytics startup <a href="https://twitter.com/intotheblock/status/1732418446023864622" rel="noopener noreferrer nofollow">IntoTheBlock</a>, there are now more than 50 million addresses that hold Bitcoin. This represents a significant milestone, which marks 17% growth since the start of the year.
<blockquote>
 ICYMI: There are now more than 50 million Bitcoin addresses! This is a significant milestone and represents a 17%+ growth since the start of the year.🔗<a href="https://t.co/jrHO8NOmtI" rel="noopener noreferrer nofollow">https://t.co/jrHO8NOmtI</a> <a href="https://t.co/4KFRTq1sIA" rel="noopener noreferrer nofollow">pic.twitter.com/4KFRTq1sIA</a>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1732418446023864622?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 6, 2023</a>
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The number of total Bitcoin addresses with a balance has seen a steady increase, reaching 50.21 million.
The total number of addresses with a balance suggests long-term interest in holding and investing in a given crypto asset.
Bitcoin has also seen a continuous increase in total addresses, which refer to all addresses that have ever been created and, at any point, owned a certain crypto asset, including those that still do. This currently stands at 1.25 billion for Bitcoin.
<h2 id="bitcoin-price-action">Bitcoin price action</h2>
The <a href="https://u.today/bitcoin-btc-price-path-to-40000-cleared-heres-what-might-further-aid-it" rel="noopener noreferrer nofollow">Bitcoin price</a> has been on a tear, increasing by more than 16% to $44,529 on Dec. 5. This indicates that traders are rushing to buy Bitcoin as the price is expected to rise further. Short-term investors took a small profit, but Bitcoin stayed over $43,000.
At the time of writing, BTC was down 1.41% in the last 24 hours to $43,418.
According to crypto analyst <a href="https://twitter.com/ali_charts/status/1732511458389262761" rel="noopener noreferrer nofollow">Ali</a>, the Bitcoin price sits on stable support at $42,700. This level is significant, as 642,000 wallets have bought 347,000 BTC here. Hence, if the $42,700 support breaks, all eyes will be on the $38,000 level as the next crucial area to watch.
On the other hand, should the bullish trend continue, Bitcoin might push toward the next major supply zone at $47,300, where 614,000 wallets hold 427,000 <a href="https://u.today/bitcoin-btc-price-on-brink-of-40000-as-max-keiser-predicts-new-record-high" rel="noopener noreferrer nofollow">BTC</a>.

Bitcoin Achieves Groundbreaking Milestone, and It's Not BTC Price

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