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Number of Bitcoin Addresses Holding At Least 10 Coins Reach Three-Year High

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According to reports, Glassnode data shows that the number of addresses holding at least 10 Bitcoins is 155555, reaching a three-year high.

The number …

Number of Bitcoin Addresses Holding At Least 10 Coins Reach Three-Year High

According to reports, Glassnode data shows that the number of addresses holding at least 10 Bitcoins is 155555, reaching a three-year high.

The number of addresses with at least 10 BTCs reached a three-year high

Interpretation of the news:


The recent report by Glassnode has revealed that the number of Bitcoin addresses holding at least 10 Bitcoins has reached a three-year high of 155,555. This is a significant increase that has been linked to a number of factors, including the recent surge in Bitcoin price and the growing interest from institutional investors.

Bitcoin has been one of the most talked-about investments recently, with many investors looking to diversify their portfolios through the cryptocurrency market. As a result, we have seen a surge in Bitcoin price in recent months, with the value reaching an all-time high of $64,000. This increase in price has attracted many investors and has also contributed to the rise in the number of Bitcoin addresses holding at least 10 coins.

In addition, the report suggests that the growing interest from institutional investors has also played a significant role in this rise. Institutions like Tesla and MicroStrategy have invested heavily in Bitcoin, and their interest in the cryptocurrency market has influenced many other investors to follow suit.

It is also worth noting that the report shows that the number of Bitcoin addresses holding at least 1,000 coins has remained relatively stable, with only a slight increase in recent months. This suggests that while institutional investors are making significant investments in Bitcoin, they are still yet to make massive investments in the cryptocurrency market.

In conclusion, the Glassnode data provides crucial insights into the growing interest in Bitcoin and the crypto market as a whole. With the number of addresses holding at least 10 coins reaching a three-year high, it is clear that the cryptocurrency market is gaining more attention from investors, both institutional and individual. While this is a positive sign, investors still need to exercise caution and conduct thorough research before investing in any asset, including cryptocurrencies.

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