Cryptocurrency 0.01 or more in your wallet bitcoin The number of accounts holding an all-time high reached 9.51 million.
The development in question was observed in the data of the cryptocurrency analysis company Glassnode.
A New Record Came at a Time When Bitcoin Price Showed a Downtrend
The number of accounts with 0.01 or more Bitcoins set a new record, at a time when the cryptocurrency market bled due to the Russian invasion of Ukraine by the BTC price. At the time of this writing, the BTC price is trading at $ 38,604. BTC fell to $ 34,459 during the day.
A Bitcoin analyst on Twitter explained his views on BTC in his tweet:
“The cryptocurrency world is in a complex situation right now, but there is one factor that could be decisive. A positive mismatch is observed on the Nasdaq. In other words, if the Nasdaq can show an upward movement from this mismatch, a similar movement may occur in the crypto money world. Follow the Nasdaq!”
BTC Price Reaches $40,000 Limit
However, at the time of writing this article, interesting events are taking place on the BTC chart. The world’s largest crypto money reached the limit of $ 39,000 from $ 36,000 in minutes. It is suspected that some cryptocurrency whales may have made large purchases.
It should not be forgotten that such fluctuations occur frequently in the cryptocurrency market. However, the reaction of the markets to the speeches of US President Joe Biden may also be among the possible reasons.
#Bitcoin It jumped to $40,000.
In the last hour, $ 100 million short position was liquidated.
Instant price $38,680
— Bitcoin System (@bitcoinsystem) February 24, 2022
*Not investment advice