Bitcoin boom: 7.3 million new BTC addresses added in H1 2024
As the first half of 2024 nears its end, the full impact of the cryptocurrency bull market is becoming increasingly evident. Indeed, after the crypto market endured a protracted period of pressure characterized by depressed prices and high regulatory scrutiny, the false rumors of a digital asset exchange-traded fund (ETF) approval in October 2023 kickstarted their recovery – a recovery that was only strengthened with actual spot Bitcoin (BTC) ETFs, approved in the United States in January 2024. Finbold research revealed that, by June 11, 2024, the rally generated a significant spike in interest, which led to a major increase in the number of addresses holding BTC. In fact, at the time of publication, nearly 85 million addresses held at least $1 worth of Bitcoin—at least 1,400 Sats. Historical snapshots, made available through the use of the web archive tool Wayback Machine, reveal that on January 4 – the earliest 2024 date available ...