©Reuters.
GLOBAL – Despite a difficult economic climate and the collapse of Silicon Valley Bank, bitcoin has seen a remarkable rise in its value, which has increased by around 150% since January. General public interest in investing has played a significant role in this upward trend, especially with BlackRock’s (NYSE:) recent decision to file for an exchange-traded fund (ETF). for bitcoin, which demonstrates growing attention from institutions.
According to data from Glassnode, the cryptocurrency has seen substantial growth in users this year, with the addition of approximately 2.6 million active Bitcoin accounts. Although the current total of active accounts is estimated at around 20.19 million, it has yet to surpass the peak of around 20.8 million reached in December 2020.
Investors holding bitcoin have seen a notable increase in profitability, as 89.6% of accounts are now profitable. This is a substantial increase from the end of the previous year, when only 51.4% of accounts were profitable.
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