Why Did Bitcoin Surge So Much Against the Ruble?

Why Did Bitcoin Surge So Much Against the Ruble?

First, we consider the number of bitcoin addresses that are holding ≥ $1. There was an uptick from 34,564,788 to 35,035,127 from Feb. 27 to March 1. Digging in further here, the number of Bitcoin addresses that were holding > 1,000 bitcoin also ticked up from 2,121 to 2,257 over the same period. While the general growth in addresses supports the idea that regular people are coming into Bitcoin, the growth in addresses with > 1,000 BTC (> $40 million) does not.

Originally Posted on: https://www.coindesk.com/markets/2022/03/06/why-did-bitcoin-surge-so-much-against-the-ruble/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: George Kaloudis

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