{"id":12235,"date":"2022-03-30T08:26:19","date_gmt":"2022-03-30T08:26:19","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12235"},"modified":"2022-03-30T08:26:19","modified_gmt":"2022-03-30T08:26:19","slug":"bitcoin-reaches-historic-moment-indicating-bullish-sentiment","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12235","title":{"rendered":"Bitcoin Reaches Historic Moment Indicating Bullish Sentiment"},"content":{"rendered":"


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Bitcoin<\/a> rises: The number of bitcoin addresses holding coins has been on a steady rise since February 2022. This may indicate an increase in bullish sentiment.<\/strong> Here are the numbers.<\/strong><\/p>\n

The number of bitcoin addresses with a non-zero balance for the first time exceeded 40 million, confirming the growing interest in the cryptocurrency asset.<\/p>\n

According to\u00a0the analytical platform IntoTheBlock<\/a>, on March 25, 40.25 million addresses were registered in the Bitcoin network.\u00a0This is a historical maximum for the entire existence of the cryptocurrency.<\/p>\n

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40M+ Holders \u2013\u00a0For the first time the number of addresses holding #Bitcoin<\/a> has surpassed 40 million<\/p>\n

\u2013 After dropping in February, the number of addresses holding Bitcoin has continued to grow and set new highs
\u2013 This points to growing interest and adoption for Bitcoin pic.twitter.com\/cdVFnvfjis<\/a><\/p>\n

\u2014 IntoTheBlock (@intotheblock) March 25, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Resource analysts noted that the number of bitcoin addresses with a non-zero balance decreased in February. But afterwards, resumed growth and updated all-time highs.\u00a0\u201cThis indicates a growing interest,\u201d they added.<\/p>\n

\"bitcoin\"<\/figure>\n

Bitcoin: Bullish Signals <\/h2>\n

The previous all-time high was\u00a0reached<\/strong><\/a>\u00a0on March 14 at the level of 39.7 million.<\/p>\n

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Record Holders \u2014 The number of addresses holding $BTC<\/a> continues setting new records.<\/p>\n

Bitcoin addresses with a balance reached a record of nearly 40 million.<\/p>\n

Even as BTC has remained on a downwards trend in 2022, the network added a total of 888,000 new addresses with a balance. pic.twitter.com\/QN4hL13sWH<\/a><\/p>\n

\u2014 IntoTheBlock (@intotheblock) March 14, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Since the beginning of the year, the number of non-zero bitcoin<\/a> addresses has increased by 880 thousand.<\/p>\n

Long-term holders of BTC have been ignoring market volatility<\/a> and continue to accumulate coins.\u00a0<\/p>\n

The total balance of bitcoin wallets holding coins purchased more than a year ago exceeded 11.7 million BTC\u00a0(about $518.46 billion at the time of publication).\u00a0The indicator has been on an upward trajectory since November 2021.<\/p>\n

The outflow of cryptocurrencies from exchanges is another bullish signal indicating that BTC holders do not intend to sell them.\u00a0They are configured for long-term storage.<\/p>\n

Over the past two weeks, about 61,000 bitcoins, totaling $2.7 billion, have left exchange accounts.<\/p>\n

At the time of publication, BTC is trading at $44,313. The cryptocurrency has risen in price by almost 10% over the week.\u00a0In a day, the BTC rate rose by 1%.\u00a0The market capitalization is $847.1 billion.<\/p>\n

Got something to say about this article or anything else? Write to us<\/a>\u00a0or join the discussion in our Telegram channel.<\/a> You can also catch us on Tik <\/a>Tok<\/a>, Facebook<\/a>, or Twitter<\/a>.<\/strong><\/p>\n

Disclaimer<\/h3>\n

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.<\/p>\n<\/p><\/div>\n


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Bitcoin rises: The number of bitcoin addresses holding coins has been on a steady rise since February 2022. This may indicate an increase in bullish sentiment. Here are the numbers. The number of bitcoin addresses with a non-zero balance for the first time exceeded 40 million, confirming the growing interest in the cryptocurrency asset. According […]<\/p>\n","protected":false},"author":1,"featured_media":12236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,359,2233,6747,1874,969,1691],"class_list":["post-12235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bullish","tag-historic","tag-indicating","tag-moment","tag-reaches","tag-sentiment"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/bitcoin-bull-ink.jpeg.webp.webp","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12235"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12235\/revisions"}],"predecessor-version":[{"id":12237,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12235\/revisions\/12237"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/12236"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12235"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}