Fomo return? 620,000 retail bitcoin addresses that have been created since BTC has reclaimed $ 20,000

Fomo return? 620,000 retail bitcoin addresses that have been created since BTC has reclaimed $ 20,000
The beginning of the year was extremely positive for Bitcoin and the entire cryptocurrency market, since BTC exceeded $ 24,000 for the first time since August 2022.
This happened after a month -long bear market and an atypical price stability at the end of last year when the asset was helpless under $ 17,000. However, the price increase of the retailers attracted something.
small investors back
2022 proved to be one of the worst years for Bitcoin in terms of price development, with the asset lost about 65 % of its USD value by the end. There were several reasons for this massive decline. Some contained macroeconomic topics such as the galloping inflation, but also the industry collapse of former giants such as Terra and FTX damaged all participants.
Bitcoin fell under $ 17,000 at the end of 2022, and in the first week of 2023 it was unable to overcome this level. However, this finally happened on January 9, and BTC never regretted it. On the contrary, it shot up to around $ 23,000 by the end of January and thus marked the best month in over a year.
The most important moment after breaking up of $ 17 came when Bitcoin jumped from $ 20,000 from 2017. This psychological line was also the point at which private investors decided to get back into the room, at least according to the analysis company Santiment.
In his latest tweet, it is said that addresses with up to 0.1 BTC had stalled in 2022, but had shot up in the middle of the rally and grown by 620,000.
🧐 There were ~ 620,000 small #bitcoin addresses that have been backed up in the network since then #fomo returned on January 13th when the price reached $ 20,000. This 0.1 6. February 2023
greed back in the city
Another natural development resulting from the price increase was the change in the Fear and Greed Index. The metric, which shows the general feelings of investors compared to the primary cryptocurrency, recently reported to the area of greed cryptopotato for the first time in ten months.
The index stayed there for the next few weeks and even came close to the extreme greed a few days ago when he reached 61 (out of 100).
Bitcoin fear and greed index. Alternative.me
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