eToro’s Bitcoin Wallets See Uptick In New Registers And In The Number Of Holdings They Have

eToro’s Bitcoin Wallets Seem To Be Registering An Increase In The Number Of Holdings They Have

  • eToro’s Bitcoin wallets register an increase in the BTC they hold
  • Investors are accumulating more and more Bitcoin as time passes

As the cryptocurrency market and Bitcoin (BTC) continue to increase and expand in the market, eToro seems to be registering an increase in the number of BTC deposits that users hold in the platform. The information was released a few days ago by the chief market analyst of the company, Mati Greenspan.

eToro Registers Increase In Bitcoin’s Holdings

Mati Greenspan informed that they have seen an increase of 13 percent in Bitcoin holdings at their proprietary custodianship. This increase in funds on the platform increased between May 4 and May 18. During that period of time, Bitcoin experienced an important price increase against the US dollar.

At the same time, Diar published a report in which they informed that the number of addresses that hold between 1,000 and 10,000 BTC accumulated 450,000 more Bitcoins since December 2018, when Bitcoin bottomed. Furthermore, Diar registered a 26 percent increase in the number of bitcoin addresses holding between 1k and 10k BTC.

Bitcoin seems to be expanding and growing as time passes and the market has currently a very positive sentiment towards the most popular digital asset. There are several investors that think that Bitcoin is going to be reaching new highs in the near future and the uptrend will continue. Some of these investors include Flib Flib and Peter Brandt.

At the time of writing, Bitcoin is traded around $8500 and it has a market capitalization of $150 billion. It is clear that there are many individuals and investors storing more and more coins waiting for a price increase.

The number of Bitcoins held by users at eToro continues to increase as the price of the most popular digital asset grows. Experts expect the virtual currency to continue its positive trend in the near future.

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