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Bitcoin wallets holding at least 1 BTC reach 1m mark

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The number of bitcoin (BTC) wallet addresses holding a minimum of 1 BTC has reached the million mark, indicating that investors are bullish on the flagship crypto asset.

Despite the recent crash in bitcoin and other cryptocurrencies’ prices, on-chain data released by Glassnode, a blockchain analytics platform, show that investor interest in the super volatile digital asset class remains solid.

Last month crypto.news reported that Satoshi Nakamoto’s revolutionary invention had entered the accumulation phase, with the percentage of the total BTC supply that hasn’t moved for at least five years hitting an all-time high of 28.513%.

Per the latest on-chain data, the number of bitcoin wallet addresses holding at least 1 BTC has hit a new milestone of one million. 

Is the bitcoin price regaining bullish momentum? 

Having dipped to a low of $25,811.46 on May 12, it appears the bitcoin (BTC) price has regained its bullish momentum, with the asset currently exchanging hands for $27,474.

Bitcoin price on weekend | Source: CoinGecko
Bitcoin price on weekend | Source: CoinGecko

At press time, bitcoin has a 24-hour trading volume of $13,156,985,535, with a circulating supply and market capitalization of 19,373,850 and $532,640,782,691, respectively, according to CoinGecko. Whether the bulls will remain in control of the market this week remains to be seen.

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