In the New Milestone of the Internet Bitcoin Appears to Be at a Standstill

Jun 29, 2024
In the New Milestone of the Internet Bitcoin Appears to Be at a StandstillIn the New Milestone of the Internet Bitcoin Appears to Be at a Standstill

Bitcoin (BTC) is hovering around the $61,000 mark, a milestone coinciding with over one million addresses now holding at least one Bitcoin.
This surge highlights the increasing confidence in the value of Bitcoin and its long-term investment appeal. The expanding number of holders underscores its ongoing potential for sustainable growth amidst market volatility.
Currently, the number of Bitcoin addresses holding at least 1 BTC has surpassed one million. According to blockchain analytics company IntoTheBlock, the current total stands at 1,010,777 addresses. This milestone reflects individuals and organizations accumulating BTC to become “wholecoiners” – holders of at least one whole Bitcoin.
“The increase in numbers” of wholecoiners showcases a broader confidence in Bitcoin as a stable investment asset and reliable store of value.
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Cryptocurrency experts issue warning of Bitcoin price collapse
At the time of writing this article, Bitcoin is trading at $60,754. Over the past 24 hours, the price of Bitcoin has dropped by 1.44% with a trading volume of $2.252 billion. Bitcoin maintains its position as the top cryptocurrency with a market capitalization of approximately $1.19 trillion, a circulating supply of 19.72 million BTC, and a maximum supply of 21 million BTC.