bullish

Value

Bitcoin

Rise

<ul class="wp-block-list">
 <li>Bitcoin hits an all-time high of $107.1K, aligning with wallet growth and bullish price momentum.</li>  
 <li>Non-empty wallets extended by 5.2%, counting 54.62 million addresses holding BTC.</li>  
 <li>BTC’s market cap rises to $2.1 trillion, with 24-hour trading volume surging 30.56% to $81.1 billion.</li> 
</ul>  
Bitcoin has achieved a new all-time high, breaking records by surpassing a market value of $107.1K. The achievement of an ATH relates to the increase in non-empty wallets over the past year.  
<h2 class="wp-block-heading" id="h-non-empty-wallets-on-the-rise">Non-Empty Wallets on the Rise</h2>  
Non-empty wallets refer to addresses containing a positive Bitcoin balance, signaling ownership across various user groups. This trend reflects heightened user confidence and ongoing adoption of digital assets, with the steady increase in wallets highlighting the expanding reach of BTC across both new and existing users.  
The number of<a href="https://cryptonewsland.com/bitcoin-may-hit-110k-soon-but-faces-a-sharp-drop/" target="_blank" rel="noopener noreferrer nofollow"> non-empty wallets on the Bitcoin network has ascended</a> to 54.62 million. This figure shows an increase of 5.2% over the past year. Santiment data indicates that BTC's price movements have recorded a uniform upward trend over the year as the trajectory aligns with wallet growth.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfnAou4tlzApyHHu8iQCL3CANo17qBtRmUPWm0mP7w1NoN1zk1ShKnyGrSGrYfUPiULZEZmtv9T1UT-f4DZ0xRHtEs4eJORF6rg8F5Oy_tjVdEv1NQLFh8lAh08A9pBpIeKbSMx?key=n3-KW-cwMsPmyh45mhbppSXr" alt="">
</figure>  
Source: <a href="https://x.com/santimentfeed/status/1868712470514483594" target="_blank" rel="noopener noreferrer nofollow">Santiment(X)</a>  
The chart generated by Santiment indicates that, after a brief correction period mid-year, Bitcoin’s price resumed a strong bullish trend. The price saw sharp increases in recent months, illustrated by consecutive green candlesticks leading into December.  
The blue line on the chart corresponds to the total number of holders, which steadily increased throughout the year. Wallet activity maintained a consistent upward path, indicating increased interest and accumulation among holders. This increase correlates with Bitcoin’s positive price performance, especially during the last quarter  
<h2 class="wp-block-heading" id="h-a-record-breaking-market-value">A Record-Breaking Market Value</h2>  
CoinMarket Cap <a href="https://cryptonewsland.com/bitcoin-soars-to-new-heights/" target="_blank" rel="noopener noreferrer nofollow">data indicates that BTC is trading at $106,460.91</a>, recalling a 1.86% price increase over the past 24 hours. Bitcoin’s total market capitalization stands at $2.1 trillion, also showing a 1.86% rise.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcJcY1TY4xWF6Q8LoArK7JnhaLzAy5r73nr4hCx3Tdg4QZ91VTBGpVIRCWTgoUnn95iPJCnzwa9o0TIq2tFosp2vlgn4nS2wVSErhBqctRRnopfclvUuX6jGLRph1zweMNk7f8Sew?key=n3-KW-cwMsPmyh45mhbppSXr" alt="">
</figure>  
Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>  
Trading volume over the last 24 hours surged to $81.1 billion, recording a 30.56% increase. Bitcoin’s fully diluted valuation (FDV), which represents the potential market cap at max supply, is $2.23 trillion. The volume-to-market cap ratio for the last 24 hours stands at 3.85%. 
The post <a href="https://cryptonewsland.com/bitcoins-price-soars-past-107-1k-wallet-growth-aligns-with-bullish-trend/" rel="noopener noreferrer nofollow">Bitcoin’s Price Soars Past $107.1K: Wallet Growth Aligns With Bullish Trend</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Bitcoin’s Price Soars Past $107.1K: Wallet Growth Aligns With Bullish Trend

Table of Contents

Crypto News Land

Other articles published on Dec 17, 2024

Ethereum Whales Accumulate Record Holdings as New Wallet Activity Surges

Major Crypto Exchange Bybit to End Services in France: Key Date Announced

Credible Predicts Significant Price Surge for XRP

Up 15,264% Already? Why Canadian Investors Are Aping Into iDEGEN

Algorand Price Prediction-Is Recovery Possible After a 34% Drop?

Ripple Labs Launches RLUSD Stablecoin To Revolutionize Payments

Join our free newsletter for daily crypto updates!