The entire cryptocurrency industry saw a major shift in sentiment over the past few months. With rising prices the demand for prominent cryptocurrencies also increased. The world’s largest cryptocurrency, Bitcoin (BTC) has been under the spotlight for the longest time. The end of 2024 and the begining of 2025 was an extremely bullish period for the market. The king coin jumped all the way to a high of $109,114.88. Bitcoin, however, dipped below the $100,000 mark just last month. Along with the recovering prices, the market saw a jump in new wallets as well.
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Bitcoin Outshines Ethereum, XRP & Tether
According to recent data from Santiment, the market has welcomed a plethora of new wallets during the past month. The daily avereages of these wallets for the top four cryptocurrencies highlights the increasing interest in the ecosystem. The firm revealed that Bitcoin topped the list with a total of 309K new wallets created per day. This was followed by Ethereum (ETH). The second largest cryptocurrecncy stood in the second place with a total of 112K new wallets each day. This came as a surprise to many as the price of Ethereum has been moving rather slowly.
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Right after Bitcoin and Ethereum, stood Tether (USDT), the largest stablecoin in the market. The network pocketed 36.4K new wallets per day. Ripple’s XRP stood last on the list. This was a major shock to the community as the altcoin has seen immense growth over the past few months. The asset’s annual growth stands at a positive 300%. This is much higher than that of Bitcoin and Ethereum. Santiment revealed that the XRP network saw a dainty 3.5K new wallets every day.
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At press time, all three assets were recording a drop in price. Bitcoin was trading at a low of $101,880.56 while Ethereum was priced at $2,536. Meanwhile. XRP was trading at $2.46 after dipping by 6.31% over the past 24 hours.
