Bitcoin [BTC] strikes careful balance with the ascent of these two metrics
Bitcoin’s [BTC] meteoric ascent has allowed it to re-visit and even break beyond its January high on the price front. In fact, the king coin has been more volatile than usual due to its ups and downs on the charts.
Nonetheless, the aforementioned uncertainty has not deterred new investors from becoming holders in this market. Read Bitcoin (BTC) Price Prediction 2023-24 The number of addresses that have flocked to Bitcoin [BTC] over the past two months has risen, according to data from Santimen t.
Over the last two months alone, an additional 1.7 million addresses have been added – A hike of about 4%. In fact, the total number of addresses had climbed to 45.19M, at the time of writing.
What these observations reveal is that the crypto’s price volatility did not exactly deter new investors from acquiring a position in Bitcoin.Source: Santiment After a brief bout of volatility which saw BTC oscillate over and under the $25,000-level, at the time of writing, Bitcoin was trading at $26,057.
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