Global #Bitcoin holders

Data from IntoTheBlock reveals a significant shift in holding patterns for Ethereum (ETH) and Bitcoin (BTC) in 2024.

The cryptocurrency market is buzzing with anticipation as Bitcoin flirts with the $70,000 price level, fueled by a perfect storm of factors that could propel it to new all-time highs.

In a surprising turn of events, Whale Alert, a platform dedicated to tracking blockchain transactions, reported that a dormant Bitcoin address holding 41 BTC—valued at over $2.6 million—has become active after nearly 11 years of inactivity.

Bitcoin (BTC) has been on a downward trend since April, as observed in higher timeframe charts, particularly the weekly. However, the daily timeframes have shown considerable volatility, marked by notable price surges, such as the impressive 22% rally in July, which saw BTC climb from $56,000 to $68,000.

In a significant development for the cryptocurrency landscape, the Core Foundation has introduced LstBTC, a groundbreaking ERC-20 token designed to bridge the gap between Bitcoin's staking rewards and liquidity.

The number of Bitcoin wallets holding 100 BTC or more has reached a 17-month high, according to blockchain analytics firm Santiment.