Fear of missing out (FOMO) was prevalent in the market during the second week of January as a result of the rise in price of Bitcoin (BTC) over $20,000, particularly among holders of a modest amount of BTC.
After January 13, there was a large increase in the number of Bitcoin addresses that held 0.1 Bitcoin or less.
Since the price of bitcoin spiked on January 13, a total of 39.8 million new Bitcoin addresses have been created, according to data that was recently provided by the cryptocurrency analytics company Santiment.
In 2023, a regrowing investor confidence may be inferred from the growth in the number …
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