Analysts Can’t Agree on What Prompted Big Spike in New Bitcoin Addresses
New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree.
Related News
Dogecoin has witnessed a massive spike in its active addresses, providing a bullish outlook for the foremost meme coin. Based on this development, the DOGE price could also witness a bullish reversal soon enough as it reclaims key support levels. Dogecoin Records 47% Spike In Active Addresses In an X post, crypto analyst Ali Martinez […]
Bitcoin is getting more popular each day. As Bitcoin (BTC) hit a three-year high on Nov. 18, more people around the world have started moving into the world’s largest cryptocurrency, according to Glassnode data.Glassnode, a major provider of cryptocurrency analytics data, recorded a major spike in the number of new Bitcoin addresses on Nov. 18.According to Glassnode, the number of new BTC addresses registered per hour hit nearly 25,000 addresses for the first time since January 2018 — the month following Bitcoin’s all-time high of $20,000. The spike in new Bitcoin addresses is still quite....
A snapshot for the Spark airdrop may have caused a record spike in Ethereum address creation. Ethereum address creation hit a 35-month high on December 14 when 177,000 new addresses were added to the network according to analysts from Santiment.The analytics provider reported that its network growth metric showed Ethereum adding 177,500 addresses in a single-day on Saturday, Dec. 12. The amount of new #Ethereum addresses hit a single-day, 35-month high Saturday. Our network growth metric picked up $ETH reaching 177.5k addresses created. Notably more addresses interacting on an asset's....
On-chain data shows a large amount of new addresses have popped up on the Ethereum network recently, a sign that ETH adoption is occurring. Ethereum Network Growth Registered A Sharp Spike Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Network Growth for Ethereum. […]
On-chain data shows activity on the XRP network has registered a large spike over the past week as volatility has engulfed the market. XRP Active Addresses & Volume Have Shot Up Recently In a new post on X, analyst Ali Martinez has discussed about the latest trend in the Active Addresses of XRP. The “Active […]