The market collapses from Luna and FTX may have caused many to get out of the industry. But the market conditions have also allowed people who still believe in the technology to accumulate digital assets at lesser prices, thus doing what is called dollar-cost-averaging, meaning reducing the average price at which you bought the assets you hold.
According to blockchain analytics company Glassnode, around 950,000 addresses hold at least 1 BTC. Back when Bitcoin was still at around $69k, a little more than a year ago, there were only around 810,000 addresses holding at least 1 BTC.
Stay ahead of the game with our Bitcoin News.
Boost your knowledge about Bitcoin with our Bitcoin Encyclopedia.
Stay ahead of the game with our Blockchain News.
Boost your knowledge about Blockchain with our Blockchain Encyclopedia.
