Bitcoin looks stagnant amid new milestone for the web

Bitcoin (BTC) hovered around the $61,000 mark, which coincided with a milestone where over one million addresses now own at least one Bitcoin.

This spike highlighted growing confidence in BTC's value and its long-term investment appeal. The expansion of the number of holders highlighted the continued potential of Bitcoin for sustainable growth in conditions of market fluctuations.

The number of Bitcoin addresses holding at least one BTC has now exceeded one million. According to blockchain analytics firm IntoTheBlock, the current count amounts to at 1,010,777 addresses. This stage reflects the growing trend where individuals and organizations accumulate BTC to become “wholecoiners” – holders of at least one entire Bitcoin.

The increase in the number of “wholecoiners” illustrates the broader confidence in Bitcoin as a stable investment asset and reliable store of value.

At the time of writing this article Bitcoin traded for $60,754. In the last 24 hours, the price of Bitcoin suffered a decline of 1.44%, accompanied by a trading volume of $22.52 billion. Bitcoin maintains its top position with a market cap of approximately $1.19 trillion, a circulating supply of 19.72 million BTC, and a maximum supply of 21 million BTC.