AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Bitcoin (BTC) remains the most in-demand blue-chip cryptocurrency, despite the growing launches of digital assets consisting of meme coins, GameFi coins, DeFi tokens, non-fungible tokens and more.
With the fourth Bitcoin halving approaching in mid-April 2024 and the fueled anticipation of a spot ETF that sent BTC to over $45,000 at the end of 2023, many investors are proactively accumulating crypto wealth. For example, MicroStrategy is making headlines for accumulating over $615.7 million worth of BTC ahead of the SEC’s spot ETF approval.
According to data from IntoTheBlock, the average time that BTC stays at a wallet address before being transferred is about 4.3 years, while retail traders still hold the majority of BTC with addresses that own less than 0.1% of the circulating supply.