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Cryptocurrency News Articles
Bitcoin (BTC) Wallets Holding at Least $100 Surge 25% to Reach 30 Million
Jan 26, 2025 at 09:20 pm
The surge in wallets holding $100 or more typically coincides with bull runs. Similar increases were seen during Bitcoin's price surges in 2017 and 2021.
Bitcoin wallets with a balance of at least $100 have seen a substantial increase, reaching nearly 30 million, as reported by Binance.
This marks a 25% surge compared to January 2024, when the count stood at 24 million. The rising number of wallets indicates growing interest and optimism in the cryptocurrency market.
New Entrants Boosting Bitcoin Wallets
Surges in wallets holding $100 or more have typically coincided with bull markets. Similar increases were observed during Bitcoin's price rallies in 2017 and 2021.
A similar trend emerged in mid-2024 as Bitcoin surpassed $100,000. The approval of spot Bitcoin ETFs, such as BlackRock's iShares Bitcoin Trust (IBIT), played a key role in boosting institutional adoption, contributing to the rise in wallets holding Bitcoin.
Bitcoin Hashrate at Record Levels
Highlighting the strength of Bitcoin's network security, the hashrate reached a record high of 800 exahashes per second (EH/s) in January 2025, marking a 33% increase from the previous year. This milestone indicates strong miner activity and optimism regarding Bitcoin's future prospects.
Market Sentiment Remains Buoyant
According to CryptoQuant data, 86% of Bitcoin in circulation is currently in profit. Accumulator addresses are acquiring Bitcoin at a record rate, with 495,000 BTC being purchased each month.
While some retail investors are observed to be selling, large holders and institutional entities continue to buy, indicating the overall strength in Bitcoin's market.
Bitcoin's Distribution Phase
Ki Young Ju, CEO of CryptoQuant, suggests that the current Bitcoin cycle is in the "early distribution phase," with retail investors entering the market amid strong institutional interest. He anticipates the final phase of distribution, driven primarily by retail investors, to unfold by mid-year or next year.
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
