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Bitcoin [BTC] Strikes Careful Balance With the Ascent of These Two Metrics

Bitcoin’s [BTC] meteoric ascent has allowed it to re-visit and even break beyond its January high on the price front. In fact, the king coin has been more volatile than usual due to its ups and downs on the charts. Nonetheless, the aforementioned uncertainty has not deterred new investors from becoming holders in this market. 

The number of addresses that have flocked to Bitcoin [BTC] over the past two months has risen, according to data from Santiment. Over the last two months alone, an additional 1.7 million addresses have been added – A hike of about 4%. 

In fact, the total number of addresses had climbed to 45.19M, at the time of writing. 

While the price and quantity of Bitcoin addresses have increased recently, the supply on exchanges has also increased over the past few days. In the last five days alone, around 50,000 BTC or $1.2 billion have been put into well-known crypto exchange wallets, according to Alicharts.

(By Suzuki Shillsalot)

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