Bitcoin Surges Past $103.8K as New Wallet Creation Hits Record High
Bitcoin has soared past $103,800 for the first time since January, signaling renewed bullish momentum in the market.
According to data shared by CryptoQuant and compiled by Santiment, the price rally was accompanied by a massive spike in network activity—specifically, 344,620 new BTC wallets were created in a single day.
This figure marks one of the highest wallet creation spikes of the year and highlights the intensifying FOMO (Fear of Missing Out) gripping retail and institutional investors alike.
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.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
