Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March.
The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18.
The recent price drop is, in turn, causing the number of addresses holding smaller amounts of Bitcoin to rise.
The number of unique addresses that are holding at least 0.01 BTC (approximately $87 at current price) rose to a new high of 8.47 million on Sunday, according …
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