Over the past couple of months, sentiment in the cryptocurrency market has changed dramatically. Demand for the most popular cryptocurrencies has also increased as prices have risen. Bitcoin (BTC), the world’s biggest cryptocurrency, has been in the spotlight since a long time. End of 2024 to the beginning of 2025, the markets were in a bullish phase. King coin reached a record high of $108,114.88. Bitcoin fell below $100,000 just last month. The market also saw an increase in wallets along with the price recovery.
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Bitcoin Outshines Ethereum, XRP & Tether
Santiment’s latest data shows that the market welcomed an abundance of new wallets in the last month. These wallets are increasing in number every day, and the average daily amount of wallets created for each cryptocurrency is a good indicator that the market has been growing. Bitcoin was the top of the list, with 309K wallets being created each day. Ethereum (ETH) was next. Second largest cryptocurrency was in second with 112K wallets added each day. The price of Ethereum had been fluctuating slowly.
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Tether, the most popular stablecoin market after Bitcoin (USDT), was next. Each day, the network added 36.4K new wallets. Ripple XRP was last in the ranking. It was quite a shock for the entire community, since the altcoin had seen tremendous growth over the previous few months. The annual growth of the asset is positive 300%. It is higher than Bitcoin or Ethereum. Santiment said that the XRP Network saw a tiny 3.5K wallets each day.
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All three assets had fallen in value at the time of publication. Bitcoin traded at $101,880.56 and Ethereum at $2,536. Meanwhile. In the meantime, XRP is trading at $2.46. This follows a dip of 6.9% over the previous 24 hours.
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Source: watcher.guru
