It is no longer news that the prices of cryptocurrency have dropped once again after turning on green indexes for about a couple of days in September.
Investors and traders alike are keen to know whether now is the time to buy the dip or whether they should wait for the market to reach a bottom.
The two largest assets in the market by market cap, Bitcoin (BTC) and Ethereum (ETH), have fallen below key psychological levels of $18,000 and $1,300, respectively.
It was gathered that the number of small Bitcoin holders hit a record high as sidelined investors bought the dip. Indeed, the number of Bitcoin addresses holding at least 0.01 BTC has hit 10,702,698.
It was also noted that the number of new daily Bitcoin addresses being created on the network also recorded a spike hitting a high of 417,354 new addresses.
This shows that investors are likely buying the dip now as the crypto market turned bearish again.
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