Number of Active Bitcoin Wallets Increased Prior to Crypto Market Surge

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The number of active Bitcoin (BTC) wallets increased in the two weeks leading up to the recent cryptocurrency surge, Bloomberg reported on April 3.Citing market intelligence firm Flipside Crypto’s analysis, Bloomberg reported that a high number of digital wallets holding Bitcoin became active two weeks before the cryptocurrency market rally. Bitcoin skyrocketed on April 2, gaining 15 percent over the night and pushing over $4,500 for the first time this year.According to Flipside Crypto, 40 to 50 percent of all Bitcoin had been held in digital wallets that were inactive from one to six months, while the average has reportedly been 10 percent since March 15. Eric Stone, co-founder and head of data science at Flipside Crypto, said that “there are more people warming up to the idea of buying Bitcoin.”Stone also said that the price moves are usually the result of the interest in cryptocurrencies from a few large…

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