Retail Traders Drove Bitcoin Higher Leading Up to Coinbase Listing, Data Shows

Bitcoin’s price rally in the days leading up to Coinbase’s hotly anticipated debut on the Nasdaq this week was largely driven by retail traders eager to get in on the action while whales were happy to take their money and swim away, blockchain data shows.

The number of unique addresses holding at least 0.01 coins rose from 8.96 million to over 9 million in the five days to April 14, alongside bitcoin‘s ascent from $59,000 to a record high of $64,801.79, according to data provided by the…


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