Wallets once again appear to be accumulating cryptocurrency at an increasing rate.
More than 16,159 Bitcoin wallets now hold 100+ BTC, according to analytics data provider Glassnode.
A report Monday from the company stated that this figure tests the previous six-month high of 16,158, last seen on June 8.
Glassnode additionally shared that the number of non-zero Bitcoin addresses reached an all-time high of 31,913,3555 on Monday; approximately 5,000 of these were recorded within the past 24 hours.
On Oct. 5, Cointelegraph reported that analyst and market cyclist Cole Garner had highlighted a two-year record increase in new BTC addresses within the first week of October.
Using data from Glassnode, Garner determined that around 22,000 new Bitcoin "Entities" had appeared in a single day - a significant jump above the normal figure of 5,000 to 10,000 per day.
In May, Bitcoin wallets holding a non-zero number of coins crossed the 30 million mark for the first time.
More than 99% of these wallets contain less than the once-modest sum of 10 BTC..
Number of Bitcoin wallets holding over 100 BTC tests 6-month high
Published on Oct 19, 2020
by Cointele | Published on Coinage
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