Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record

On-chain Bitcoin activity surged during January, with more than 22.3 million addresses sending or receiving BTC last month. January was a record month for Bitcoin’s price and network activity, with more than 22.3 million unique addresses actively sending or receiving BTC over 31 days.The milestone was spotted by crypto market data aggregator Glassnode, who tweeted that January had seen the highest monthly number of unique active addresses in Bitcoin’s history:#Bitcoin network activity at ATH. In January, more than 22.3 million unique addresses were active in the network sending or....

Twitter interprets today’s massive price action, as bitcoin smashes through $15,000, its highest price since 2017’s record-breaking run.

Ethereum active addresses have continued to decline. This follows the market crash where the price of Ethereum had dropped to below $1,000 before staging another recovery. This decline has shown various implications for the digital asset and also points towards how investors could be feeling towards the digital asset. Activity Falls To 2020 Lows Data from the Block shows that the active addresses on the Ethereum network on a seven-day basis are down. These active addresses had hit a new all-time high back in June 2021 when the bull market had been in full bloom. The rise in active....

The number of bitcoin active addresses had declined following the September market crash but promptly picked up again in October. At the beginning of December, another dip rocked the market that sent addresses plummeting once more. The number had dropped well below the one million mark for the majority of November and stayed low during the bull rally. Despite the red trends recorded by the market, the first week of December has proven to be good for the market. The number of bitcoin addresses rose significantly in the last seven days, putting bitcoin well above the one million mark once....

Cardano has recorded a significant uptick in active addresses in recent days. This comes despite the negative news that has surrounded the digital asset following news of mid-sized crypto exchange eToro demising the altcoin for U.S. users. This has sent the price of the asset barreling downwards towards points that had not been touched in the past three months. The downtrend in the cryptocurrency had opened up an opportunity for investors to snatch up ADA at discounted prices before the expected bounce back. In addition to expected releases of decentralized applications (DApps) on the....