Bitcoin sets a new record in early 2023
Key Points:Glassnode data indicates that 11,426,629. addresses held more than 0.1 Bitcoin.
This metric shows that retail investors continue to collect BTC, despite the fact that BTC trading volume has fallen and its value has recently plummeted.
2022 marks the first year of a major sell-off in crypto market history. For the first time ever, Bitcoin has posted four consecutive red quarter candles.
The market has seen major volatility in Bitcoin over the past 2022. The market has been volatile in 2022, with major market fluctuations. However, the first day of 2023 saw positive numbers. Glassnode data on January 1st shows that more than 0.1 Bitcoin was held by addresses. This is a record number that shows that retail investors are still collecting BTC. BTC’s trading volume and value have dropped significantly in recent years, but this is due to the “purification of the market” following the Terra-FTX crises. Tim Draper, a billionaire venture capitalist, stated that BTC would remain his choice. However, the price action of BTC over the past year has not shown any upside. 2022 marks the first time in history that the crypto market has seen a major sell-off. Bitcoin isn’t immune to this situation. It has seen 4 consecutive quarter candles of red, which is the first time in history. However, not everyone is optimistic about Bitcoin. David Marcus, Lightspark’s CEO and creator, stated that Bitcoin and other cryptocurrencies will not be able recover from the “unscrupulous player” conduct until at least 2024. Marcus predicted that their specter would continue to haunt the cryptocurrency sector up to 2023. He did not name FTX once, but he warned that “unscrupulous” players would continue to underperform the market well into 2023. BTC daily chart. Source: CoincuDISCLAIMER – The information on this website is intended to provide general market commentary but not as investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comHaroldCoincu NewsTags: bitcoinBTCDavid MarcusFTXTerraTim Draper