In recent times, Bitcoin (BTC) prices have shown an upward trend, attracting investors. This recent price increase has boosted investor confidence, especially after last year’s prolonged period of downtrend.
Asset shows resilience
Despite regulatory action against major crypto exchanges and increased scrutiny from regulators, this asset has mostly shown resilience. Investors were attracted by both the rising prices and the relatively stable market.
According to recent data published by Glassnode, a company specializing in on-chain analytics, the number of Bitcoin addresses has increased this month. The number of new addresses is reported to have reached the highest level of the past month, at 19,833,952.
In addition, the chart above shows that the recently achieved values are among the highest since April this year. Although the level was around $30,000, the stat value has fallen and then risen again, demonstrating the resilience of investors.
Earlier in July, levels were reached that did not match exactly, but came close. At that time, the one-month high was about 19,778,232, around June 27.
Widespread interest has been aroused
According to a report, Bitcoin has been going through a profit-oriented regime in recent weeks, which has sparked widespread investor interest. Investors of all types, from individual investors to institutional investors, have participated in the hodling activity.
At the same time, other data indicates that Ethereum (ETH) has recently experienced a similar reaction. In particular, the number of non-zero wallet addresses has reached an all-time high.
The data indicates that the number of non-zero addresses has reached an all-time high of 102,469,037. The graph, visible since 2016, shows an exponential increase over the years, in particular to reach the highest values ever.
Several attractive aspects for investors
This suggests that investors are accumulating more and more, even if their crypto wallet was previously inactive. At the same time, it could also mean that a growing number of investors are eager to invest in this asset.
For Ethereum, there were several attractive aspects for investors. Rising prices and the Shanghai upgrade have encouraged investors to participate especially in light of increasing strikes.
Overall, the increasing addresses and number of non-zero addresses point to a positive outlook for this asset. At the time of writing, Bitcoin is trading at $30,083.90, representing a 16.35% increase over the past month. Ethereum is trading at USD 1,855.48, representing an increase of around 5.89% over the past month.
