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$108,936.00 3.04902
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Ethereum
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$2,573.12 6.87247
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BNB
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$659.92 2.11514
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Solana
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$152.44 3.54516
Solana price
XRP
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$2.23 2.74506
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Shiba Inu
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Pepe
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Bonk
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$0.0000162 18.52614
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dogwifhat
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$0.912663 16.67088
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Popcat
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Bitcoin
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$108,936.00 3.04902
Bitcoin price
Ethereum
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$2,573.12 6.87247
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BNB
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$659.92 2.11514
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Solana
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$152.44 3.54516
Solana price
XRP
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Shiba Inu
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Pepe
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$0.0000101 9.03676
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Bonk
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dogwifhat
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$0.912663 16.67088
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Popcat
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$0.318715 14.95221
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Bitcoin
Bitcoin (BTC)
$108,936.00 3.04902
Bitcoin price
Ethereum
Ethereum (ETH)
$2,573.12 6.87247
Ethereum price
BNB
BNB (BNB)
$659.92 2.11514
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Solana
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$152.44 3.54516
Solana price
XRP
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$2.23 2.74506
XRP price
Shiba Inu
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$0.0000118 5.56569
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Pepe
Pepe (PEPE)
$0.0000101 9.03676
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Bonk
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$0.0000162 18.52614
Bonk price
dogwifhat
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$0.912663 16.67088
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Popcat
Popcat (POPCAT)
$0.318715 14.95221
Popcat price

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high

Dalmas Ngetich
Edited by
Markets
Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high

The global capitalization has surged by roughly $27 billion in less than 24 hours as bitcoin (BTC) rallied above $28,000.

The largest cryptocurrency by market cap, BTC, has been consolidating between $26,700 and $27,100 since May 11. However, with the recent global hike, the coin is now up 3% in the past 24 hours.

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high - 1
BTC price – May 29 | Source: Trading View

When writing on May 29, bitcoin is trading at around $28,025. Its 24-hour trading volume is up 65%, surpassing the $16 billion mark, pushing BTC’s market capitalization above $543 billion.

According to data provided by CoinMarketCap (CMC), the rise in bitcoin’s price comes as the global crypto market capitalization grew by 2.35% in the past 24 hours, reaching $1.162 trillion.

The surge in prices coincides with news Glassnode data revealing that the number of non-zero Bitcoin addresses is at a new all-time high (ATH) of 47,220,463. The number of wallets holding BTC slightly dropped in late April but has been constantly growing despite suppressed prices.

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high - 2
Non-zero Bitcoin addresses – May 29 | Source: Glassnode’s Twitter

On the other hand, GlassNode data shows that the total number of BTC assumed to be lost or held in dormant addresses stood at 7,725,079 bitcoins, marking a five-year high.

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high - 3
BTC lost or HODLed – May 29 | Source: Glassnode’s Twitter