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Over 600,000 small addresses FOMO’ed into Bitcoin at $20k

The Number Of Bitcoin Addresses With 0.1 BTC Or Less Has Dramatically Increased Recently. On-chain data reveals a recent sharp increase in the number of tiny Bitcoin addresses. Santiment research shows that after Bitcoin's asset once again crossed the $20,000 threshold on January 13, around 620,000 new addresses holding 0.1 BTC or less joined the network.

According to Santiment, the overall number of these addresses hit 39.8 million, which is the biggest figure since Nov. 19, when the FTX collapsed.

Bitcoin is anticipated to see its seventh golden cross, which could ignite a long-lasting bull run with excellent medium- to long-term buy indications. The estimated price of bitcoin in 2023 according to coinpedia might reach $43,959.19 if trading volumes continue to climb steadily. With Bitcoin halving event, market is set to witness a new ATH of crypto industry.
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