The number of Bitcoin holding addresses has reached a record number of 40.25 million amid a price surge of more than $44,000.
40M+ Holders – For the first time the number of addresses holding #Bitcoin has surpassed 40 million
– After dropping in February, the number of addresses holding Bitcoin has continued to grow and set new highs
– This points to growing interest and adoption for Bitcoin pic.twitter.com/cdVFnvfjis
— IntoTheBlock (@intotheblock) March 25, 2022
BTCUSD is up +2.26%
The balance of bitcoin in the wallets of users holding it for over a year is more than 11.7 million BTC, equivalent to $518.46 billion.
The holding accounts continue to grow since experiencing a dip in February before resuming and hitting new levels. The average BTC holding accounts reached 39.7 million at mid-month after recording 888,000 new addresses since the start of the year.
Bitcoin is currently trading at $44,313, a jump of about 9.52% in the past seven days and an increase of 2.93% in the past 24 hours.
The primary cryptocurrency has seen its market capitalization surge to about $847.1 billion as long-term token holders stay put despite recent price volatility.