The Number Of Ethereum Holders Broke New Records

Popular data aggregator Glassnode reported that the second largest cryptocurrency, Ethereum, has become the subject of massive interest from traders and is facing an influx of new small and medium-sized investors. This comes after the price of the coin has risen by more than 30% in the last few days as of July 30, 2022.

Thanks to this, it was possible to set new record values ​​\u200b\u200brelated to ETH wallets. Representatives of the agency Glassnode said: the number of Ethereum accounts holding 1+ and 10+ ETH coins jumped to new historical peaks. The first indicator reached 1,566,309, and the second reached 310,656. In addition, the total number of wallets with a positive cryptocurrency balance increased to 84,641,107.

Experts noted that such a surge of interest is associated with the rapid growth in the value of a virtual asset in recent weeks. According to Trading View, the price of the cryptocurrency has increased by 30.8% since July 26, 2022, increasing from $1364 to $1784.

According to analysts, this was due to the reaction of bitcoin to the increase in interest rates by the Federal Reserve System (Fed). The flagship cryptocurrency reacted to this statement by increasing its value and adding up to $24,000 in price. The event affected the capitalization of the entire cryptocurrency market. Following BTC, other altcoins also rose in price, including Ethereum and other leading digital assets.

Earlier, the editors of Crypto.ru reported: that experts talked about changes in the bitcoin exchange rate as of July 29, 2022. At that time, the Bitcoin cryptocurrency was trading at $23,684 with a market capitalization of $455.35 billion. Traders made transactions totaling $40.75 billion per day. Ethereum (ETH) also rose in price, and its value increased by 2.71%.