The number of Bitcoin addresses holding one BTC has reached an all-time high, with over 1 million such addresses recorded. The overall number of BTC holders has also grown significantly, with 300,000 new holders joining the community since the start of July. This trend of accumulating Bitcoin across various price ranges suggests a persistent accumulation process, impervious to price fluctuations. The current price range of around $30,300 has demonstrated resilience, potentially indicating a new support level for Bitcoin.

Data from IntoTheBlock suggests that around 29% of circulating Bitcoin has remained dormant for over five years, potentially indicating that a significant portion of the 19 million mined Bitcoins may be permanently out of circulation. Glassnode also reported a 5-year high of 7,781,224.168 BTC that are either hodled or lost. Meanwhile, Bitcoin experienced a surge of 3.50% on July 13, reaching $31,641, following news that Ripple did not violate U.S. securities law by selling XRP on public crypto trading venues. However, the following day, Bitcoin fell by 4.78% to $30,133.

Bitcoin has been trading within a narrow range between $29,800 and $31,300 since June 23, with attempts to break out failing quickly. However, the Bollinger Bands, a technical indicator created by trader John Bollinger, suggest that this period of calm may soon come to an end.

Bitcoin started the week with a decline, but there are indicators that suggest it could see upside in the coming days. Last week, Bitcoin experienced extreme gains and losses as traders weighed a weaker US inflation print against Ripple's partial win against the SEC. Altcoins under the SEC's regulatory radar posted better profits than Bitcoin, including Cardano, Solana, and XRP itself. The Fed blackout period leading up to its rate decision may keep the BTC price flat, but a bounce from $29,850 could have traders eye a run-up toward $31,500.

Crypto prices remained steady over the weekend ahead of the release of second quarter earnings reports from major stocks such as Goldman Sachs, Netflix, and Tesla. Bitcoin has been hovering around $30,300 since it dropped 4% on Friday, while Ether has remained stable at $1,930.

Bitcoin's price has dropped back to $30,000 after trimming gains led by XRP's legal win. The BTC/USD pair is following a rising channel with support near $30,200 on the 4-hour chart, and could start another increase unless there is a close below $30,000. The first major support is near the $30,200 level, with the next key support sitting near the $30,000 zone. There is a risk of a major decline if there is a close below the $29,200 support, but if the bulls remain active, there could be a fresh increase toward the $32,000 resistance.

According to Glassnode, a record amount of Bitcoin (BTC) has been changing hands near the current spot price of $30,000, making it the most popular "buy" level ever. The data suggests significant demand for the cryptocurrency at this price point, despite the recent price action stalling.

Matt Hamilton, former Director of Developer Relations at Ripple, shared insights on the relationship between Ripple's holdings and the price fluctuations of XRP during a Twitter debate. While Ripple is the largest holder of XRP with 48 billion tokens, the majority of these holdings are kept in escrow contracts and only a small fraction is sold.

The supply of Bitcoin on trading platforms has dropped to a 5-year low, with only 11.5% of the total circulating supply being present on centralized exchanges. This is due to increased HODLing activity from long-term holders who acquired their coins before the bear market of 2022.

The global market cap has decreased by 0.4% in the past 24 hours, leading to a slow start to today's market session. Bitcoin is trading at $30.2K with a 0.2% drop in the past 24 hours and a 57% decrease in trading volume. Ethereum is trading at $1929 with a 52% decrease in price valuation and trading volume.