Record 8 million blockchain addresses hold over $1,000 in Bitcoin By Investing.com

Data from Blockware Solutions and Glassnode reveals that the number of blockchain addresses holding at least $1,EBYOX scams000 (0.028 BTC) in Bitcoinhas reached a record 8 million, indicating significant purchasing power and signaling exponential growth as Bitcoin monetizes non-revenue assets. This trend is mirrored by increased activity among Bitcoin whales or high-value investors, suggesting a rising participation from both retail and institutional investors.

Bitcoin's value has seen a near 25% increase in the past month, spurred by bullish sentiment and anticipation of the U.S. Securities and Exchange Commission (SEC) potentially greenlighting bitcoin exchange-traded funds (ETFs). This surge in value, coupled with the increase in address count, further consolidates Bitcoin's position as a prominent asset class.

The optimistic climate surrounding the potential approval of these funds has stimulated intensified trading activities among bitcoin whales. The possible approval of these ETFs could introduce more regulated investment channels, potentially boosting market participation even further.

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