The world’s largest and most expensive cryptocurrency, Bitcoin, has dipped by nearly 60% year-over-year, trading below $17,300 last week. Nevertheless, the plunge has not discouraged crypto investors from buying the coin.
According to data from Crypto Presales, the number of unique addresses holding more than one BTC has jumped by 20% year-over-year, reaching over 981,000 last week.
The Number of Unique Addresses with 0.1 BTC and 1 BTC Hit an All-Time High
The crypto analytics platform, Glassnode, showed Bitcoin’s latest price dip was more interesting to crypto investors searching for a bigger investment chunk. Still, the overall number of Bitcoin investors has been rising throughout the last year, despite the crypto winter.
In January 2022, the number of unique addresses holding more than or equal to 0.1 BTC stood at 3.29 million. Since then, this number has jumped by 28%, reaching an all-time high of 4.21 million last week.
The number of wallets with at least 1 BTC in their balance, worth around $17,260 last week, also hit record highs. Statistics show the number of these investors increased by more than 166,000 in the past twelve months, reaching the highest level ever of 981,000.
According to Glassnode, there are now around 155,300 investors with more than 10 BTC, or 5% more than in January last year. The number of addresses with an impressive 1,000 BTC in their balance slipped by 5% YoY to 2,035. On the other hand, there are now 116 investors who have a mind-blowing 10,000 BTC in their wallets, 28% more than a year ago.
3.6 million Addresses Joined the Bitcoin Network in the Last Year
While the world’s leading cryptocurrency has suffered a significant price correction in one of the most brutal years for the entire crypto industry, the number of active addresses in the Bitcoin network continued rising. Still at a much slower pace than seen in 2021.
Between 2021 and 2022, the Bitcoin network gained 6.6 million new addresses with non-zero balances, with their total number reaching 39.6 million in January last year. Since then, another 3.6 million addresses have joined the network, rising to a total of 43.3 million last week.