People Are ‘Waking Up’ – 40% Drop in Dormant Wallets Fueling Bitcoin Rally30

The latest surge in Bitcoin price may have been caused by increased activity across the board as the number of active wallets has risen by as much as 40-60 percent, according to the latest data and industry analysts.

Citing analysts from market intelligence company Flipside Crypto, Bloomberg reported that a large number of idle Bitcoin wallets have become active. According to the report, dormant wallets that have been inactive from one to six months, have decreased by 40 percent since March 15th.

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