Bitcoin

<h3 id="kaiko-analysts-note-that-the-rate-at-which-wallets-with-balances-over-1-million-are-appearing-is-still-below-the-previous-bitcoin-bull-market-cycle">Kaiko analysts note that the rate at which wallets with balances over $1 million are appearing is still below the previous Bitcoin bull market cycle</h3>As the bitcoin exchange rate rises, an average of about 1,500 new &#34;millionaire wallets&#34; appear every day. And that hold $1 million or more worth of cryptocurrency. However, this figure is still lower than during the 2021 bull market, data provided by analytics platform <a href="https://www.bloomberg.com/news/articles/2024-03-11/bitcoin-rally-creates-around-1-500-new-millionaire-wallets-a-day-kaiko-says" rel="noopener noreferrer nofollow">Kaiko</a>.Transaction data on cryptocurrency wallets Bitcoin is public. But it is not possible to establish their belonging to a specific owner. Kaiko tools do not take into account the addresses of exchanges and other major crypto services.The highest number of new wallets containing more than $1 million in bitcoins. And since the beginning of the year - 1,691 - was recorded on March 1. In 2020-2021, more than 4,000 wallets with a balance of about $1 million and more than 2,000 wallets with more than $10 million appeared every day.In 2021, the crypto market was swept by a wave of retail investors eager to capitalize on the wave of excitement. However, in 2023, large investors behaved more cautiously. And sold their assets as bitcoin hit new highs, Kaiko writes.<a href="https://crypto-upvotes.com/about-us/" rel="noopener noreferrer nofollow">Our experts</a> note that the slower pace may also be due to the fact that the inflow of new capital has not yet gained momentum. And investors are storing their assets with trustees rather than in their personal wallets.

Rising Bitcoin price has boosted millionaires' wallets to 1.5k per day

목차

Crypto Upvotes News

2024년 3월 12일에 게재된 다른 기사

Crypto Institutional Investors Are Frontrunning Retail As Inflows Reach Record Highs

LG Electronics Invests $60m in Bear Robotics for AI-Driven Service Robots

Analyst Foresees Unprecedented Extension of BTC Bull Run Beyond Historical Peaks

Bitcoin To Hit $150K? Analysts Bank On Record Rally To Predict Target For 2025

Avalanche Up More Than 4% In 24 hours

'BONK Killer' MILLI Skyrockets 20% In A Day, Outperforming Dogecoin, Shiba Inu: Targets $15M Mark...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!