Recently, Bitcoin prices have been moving up attracting investors towards it. The recent uptick in prices have spiked hope among investors especially after the prolonged bear market last year.
Notably, the asset has shown resilience despite the regulatory crackdown on major exchanges and increasing invigilation from the regulators. Amid this, the increasing prices and the relatively stable market has been major points of attraction for the investors.
According to recent data posted by Glassnode, an on-chain analytics firm, the Bitcoin addresses have been on an increase this month. Reportedly, the new addresses have reached a one month high of 19,833.952.
Additionally, the graph above shows that the values touched recently have been one of the highest figures since April this year. While being in the $30,000 levels, the metric’s value has fallen and yet again risen to the levels showing investors’ resilience.
Previously, not the exact levels but closer levels were touched during the start of July. At that time, that was recorded as the one month high of 19,778.232, around June 27.
As reported by Todayq News in the past weeks, Bitcoin has been fueling a profit-driven regime, majorly attracting investors towards it. Investors across all cohorts from shrimps to institutional investors have involved in the activity of hodling.
Simultaneously, another set of data suggests that the Ethereum has also experienced a similar response recently. Notably, the number of non zero wallet addresses have reached an all-time high value.
Data suggests that the number of non-zero addresses have reached an all time-high value at 102,469,037. The graph as visible has been exponentially increasing over the years since 2016 in particular to touch the all time high values.
This suggests that the investors have been increasingly accumulating even if their wallets were previously dormant. Simultaneously, it could also signify at increasing number of investors altogether looking forward to invest in the asset.
In the case of Ethereum, there have been various points of attraction of investors towards the asset. The increasing prices as well as the Shanghai upgrade has been found to push investors to staking especially in the face of increasing deposits.
Overall, the increasing addresses as well the number of non zero addresses come out as the positive outlook for the asset. As of writing, Bitcoin is trading at $30,083.90, a 16.35% increase over the past month and Ethereum is trading at $1,855.48, about a 5.89% increase over the past month.