Bitcoin Surges Past $103.8K as New Wallet Creation Hits Record High
According to data shared by CryptoQuant and compiled by Santiment, the price rally was accompanied by a massive spike in network activityspecifically, 344,620 new BTC wallets were created in a single day.
This figure marks one of the highest Wallet A device or application that securely holds a user's public and private keys while allowing interaction with a blockchain network.
Analysts suggest this surge in new wallets is a key indicator of heightened retail engagement and speculative optimism.
With BTC reclaiming crucial levels and onboarding hundreds of thousands of new users in a day, market sentiment appears to be flipping bullish once again.
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