The Number of BTC Addresses With 1 Coin or Less Is Growing

by in Cryptocurrency News

Bitcoin addresses

Data provided by blockchain analytics firm Glassnode shows that the number of addresses having one Bitcoin or less now is 5.20% of the entire supply of the cryptocurrency.

Related: Goldman Sachs Files for ETF-Linked Notes With Access to BTC

After hitting tops of around $1.83 Trillion, the market capitalization of Bitcoin fell. At the moment it states at around $989 Billion. These statistics indicate that Bitcoin attracts not only large institutions but small investors alike.

As stated by Glassnode, wallets with 100 BTC or more now represent 2.62% of the total supply.

Presently, the price of the leading cryptocurrency is above $53.000. It reached an all-time high of $61.000 on March 13. Both declines in market cap and price raised discussions on whether the bear or bull trend will prevail.

On the other hand, companies display interest. Tesla announced enabling purchases in BTC on March 24. Earlier, major investment bank Morgan Stanley informed about opening Bitcoin funds for customers with a certain amount of holdings.