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As Bitcoin Price Rises, More Investors Are Buying In

From decrypt.co

As the price of Bitcoin goes up, so do the number of Bitcoin HODLers—at least that’s the trend observed by crypto analytics site Glassnode over the last couple days. The number of Bitcoin addresses holding more than 0.1 coins, (currently about $1,188) has hit an all-time high, and the number of addresses holding more than 100 coins (currently $1,188 million) has reached a six-month high, according to Glassnode. Meanwhile, the price of Bitcoin teases said HODLers at just below $12,000 per coin.First: as of yesterday, October 19, there were 16,159 Bitcoin addresses holding more than 100 Bitcoin, Glassnode data shows. ... (full story)

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  • Category: Fundamental Analysis