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 Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
