No. Of Bitcoin Addresses Holding Between 0.01 And 1 BTC Grew By 710k Since The Beginning Of 2021
It’s been just revealed that the number of Bitcoin addresses holding small BTC amounts grew substantially since the beginning of 2021.
The number of #Bitcoin addresses holding relatively small amounts, between 0.01 and 1 BTC, has grown by 710K since the start of the year with a big surge in April.@coinmetrics https://t.co/SSDdAtOxDN pic.twitter.com/UeIKokT9FJ
— unfolded. (@cryptounfolded) May 13, 2021
Bitcoin’s price fell today following the tweet of Elon Musk.
We revealed earlier today that Tesla CEO tweeted the following message:
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Crypto Twitter went ballistic following this tweet.
PlanB posted the following tweet:
So Elon never really understood #bitcoin, never understood proof-of-work. His Doge pump was a warning sign. His turning to other “crypto” is confirmation. No more Tesla for me. https://t.co/wPzE3eEF68
— PlanB (@100trillionUSD) May 12, 2021
Tone Vays also had something to say about Musk’s tweet:
Looks like @elonmusk never understood the fundamental reason(s) of buying #Bitcoin for himself or @Tesla – Disappointed https://t.co/vCNb0XGPOI
— Tone Vays (#ActivateTaproot) (@ToneVays) May 12, 2021
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $48,590.19.
Strong hands are holding and buying the BTC dip
Regarding Musk’s tweet, Mike Novogratz has a different perspective of Musk’s tweet. Check it out below.
My take on @elonmusk is to take him at his word. He cares about the environment and he is using his considerable influence to push BTC mining towards a greener future. Lots of companies in the space have already been working on this. Stay tuned. And buy $BTC.
— Mike Novogratz (@novogratz) May 13, 2021
Strong hands are currently buying the dip and they don’t see Musk’s tweet and its effects as a tragedy. Stay tuned for more news and keep your eyes peeled on the crypto market.
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