Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/significant-growth-in-bitcoin-wallets-holding-over-1000/" data-wpel-link="internal">Significant Growth in Bitcoin Wallets Holding Over $1000</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/sicak-gelisme-spot-bitcoin-etf-icin-yeni-adim-etkileyici-yukselis-basladi" data-wpel-link="internal">Bitcoin</a></strong> and the cryptocurrency market have recently shown a notable trend. According to reports, there is a significant increase in <a href="https://en.coin-turk.com/bitcoin-price-soars-setting-new-records/" data-wpel-link="internal">Bitcoin</a> wallets containing at least $1000 worth of <a href="https://coin-turk.com/bitcoindeki-konsolidasyon-devam-edecek-mi-iste-tecrubeli-analistten-iki-farkli-btc-senaryosu" data-wpel-link="internal">BTC</a>. A report published by Fidelity Digital Assets on Monday states that since the beginning of 2024, the number of such wallets has increased by 20%, reaching a record level.</p> 
<h2 style="text-align: justify" id="2023-figures-have-doubled">2023 Figures Have Doubled</h2> 
<p style="text-align: justify">With an increase noted by Fidelity, the number of wallets in 2023 has doubled from 5.3 million to 10.6 million. Currently, these 10.6 million wallets each hold at least $1000 in Bitcoin. Even more noteworthy is that this increase continues among addresses with smaller amounts. As of March 13, the number of such wallets has nearly doubled, showing a 101% increase.</p> 
<p style="text-align: justify">Despite the upward trend in Bitcoin prices, the continuous increase in addresses with smaller amounts may indicate growing interest and adoption of Bitcoin. However, the <strong>Fidelity</strong> report notes that price increases and address consolidation could be influencing these figures.</p> 
<h2 style="text-align: justify" id="decrease-in-bitcoin-held-at-exchanges">Decrease in Bitcoin Held at Exchanges</h2> 
<p style="text-align: justify">Moreover, the report also highlights a decrease in the amount of Bitcoin held at exchanges. Various exchange failures and other problematic practices in 2023 have increased the popularity of self-custody among Bitcoin owners. In the first quarter of 2024, exchange balances showed a 30% decrease from all-time highs.</p> 
<p style="text-align: justify">The report also discusses changes in the net position of long-term Bitcoin holders. At the end of 2023, this group likely continued significant sell-offs influenced by Bitcoin reaching all-time high levels.</p> 
<p style="text-align: justify">However, these sell-offs are different from past cycles. Accordingly, it shows that investors perceived Bitcoin as overly valuable before the halving. Currently, there are approximately 124,001 <a href="https://en.coin-turk.com/a-surge-in-bitcoin-fees-intotheblock-report-reveals-six-month-high/" data-wpel-link="internal">BTC</a> worth of exits challenging the traditional Bitcoin halving model.</p> 
<h2 style="text-align: justify" id="current-bitcoin-price-situation">Current Bitcoin Price Situation</h2> 
<p style="text-align: justify">At the time of writing, the price of <strong>BTC</strong> is at $63,769. Bitcoin had started the day above $64,000. However, it has since pulled back to around $63,200.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-344499 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-bitcoin-coin-turk-com-1-6.png" alt="" width="1831" height="798"></p> 
<p style="text-align: justify">Although expectations are high for Bitcoin post-halving, historical data also shows that Bitcoin typically trends downward in May.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/significant-growth-in-bitcoin-wallets-holding-over-1000/" data-wpel-link="internal">Significant Growth in Bitcoin Wallets Holding Over $1000</a></h5>

Significant Growth in Bitcoin Wallets Holding Over $1000

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