קריפּטאָ מאַרק ריסערדזשאַנס טראגט איבער 44,000 נייַ ביטקאָין מיליאַנערז

נאָך לעצטע יאָר ס בער מאַרק that took a toll on most קריפּטאָקוררענסיעס, ביטקאָין (בטק) is making headlines again as it reaches new levels, minting a new batch of millionaire owners. This new group of wealthy Bitcoin holders has capitalized on the market rally in 2023 to join the elite club of crypto millionaires.

לויט צו דאַטן צונויפגעשטעלט דורך פינבאָלד, the number of Bitcoin millionaire addresses as of January 28 stood at 72,483, representing an increase of 44,399, or 61%, from the January 5 figure of 28,084 BTC millionaire holders. During this period, Bitcoin has surged by about 37%.

לויט די דאַטן צוגעשטעלט דורך BitInfoCharts.com, 67,551 different addresses have a Bitcoin balance valued at over $1 million. Additionally, 4,932 addresses hold Bitcoin worth over $10 million as of January 28.

ביטקאָין מיליאַנערז. מקור: BitInfoCharts.com

Furthermore, by leveraging the web archive tool ווייַבאַק Mאַטשינע, on January 5, 2023, about 24,279 addresses owned Bitcoin, equivalent to at least $1 million, while 3,805 addresses accounted for Bitcoin valued at over $10 million.

ביטקאָין מיליאַנערז. מקור: BitInfoCharts.com

Bitcoin’s rally has also impacted holders making money in general. In particular, 60% of the holders are making money at the current price while 35% are in loss. The remaining 5% have broken even.

Bitcoin holders making money. Source: CoinMarketCap

It is worth noting that the new crop of millionaires is far from addresses that incurred losses during last year’s crypto winter. As per Finbold’s מעלדונג, across 2022, about 71,085 millionaire address holders were wiped out.

Drivers of new Bitcoin millionaires 

The surge in price and the creation of new Bitcoin millionaires can be attributed to the קריפּטאָ מאַרק putting behind the bearish conditions of 2022 that were characterized by high inflation and fallout from incidents such as the FTX collapse. 

Bitcoin has managed to sustain the gains triggered by the falling United States inflation rate. In this case, the Federal Reserve is likely to ease its aggressive monetary policy since the war on inflation is likely to be won, and in return, risky assets such as Bitcoin are standing out to benefit. 

Notably, sustaining the number of Bitcoin millionaires remains a challenge considering the general market is still facing uncertainty. Bitcoin is still in volatile conditions that have partly spread from last year.

In this line, several technical indicators are offering mixed signals regarding the asset’s future. For instance, as געמאלדן by Finbold, Bitcoin is facing the first ever one-week dreaded טויט קרייז formation. The pattern has long been associated with bearishness. 

On the flip side, there is a מיגלעכקייַט of Bitcoin undergoing the gold cross pattern, which could signal sustained gains for the maiden crypto. Notably, the golden cross that forms when the 50-day מאָווינג דורכשניטלעך (MA) crosses above the 200-day MA has long been associated with bullishness.

ביטקאָין פּרייַז אַנאַליסיס

By press time, Bitcoin was trading at $23,009 and had gained less than 1% in the last seven days. In 2023, BTC is up 38%.

ביטקאָין זיבן-טאָג פּרייַז טשאַרט. מקור: פינבאָלד

Lastly, Bitcoin’s one-day טעכניש אַנאַליסיס on TradingView is mainly bullish. A summary of the gauges recommends the ‘buy’ sentiment at 15 while מאָווינג אַוורידזשיז זענען פֿאַר אַ 'שטאַרק קויפן' ביי 13.

ביטקאָין טעכניש אַנאַליסיס. מקור: TradingView

Overall, the focus has turned to Bitcoin’s ability to sustain gains above $23,000, a position that has acted as a key קעגנשטעל level. Analysts opine that holding gains above this position will likely elevate Bitcoin to around $28,000.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.

Source: https://finbold.com/crypto-market-resurgence-produces-over-44000-new-bitcoin-millionaires/