Bitcoin Addresses On The Rise, Smashing Records To Hit All-Time High

bitcoin trading protection

The number of Bitcoin wallets which are holding at least 0.1 Bitcoin tokens has peaked to reach an all-time high.

According to new data from cryptocurrency aggregator, Glassnode, the number of wallets holding 0.1 or more BTC has topped the previously recorded number by 212 addresses. The new record of 3,054,282 addresses recorded on June 13 knocks the 21st May to second place.

As the chart shows, the number of Bitcoin wallets holding 0.1 Bitcoin or more has been on the rise at a consistent level, with the exception of two dips: A minor one in 2017 and a sharp decline in 2018. However, both decreases recovered to maintain a steady rise.

Glassnode’s data shows that the number of Bitcoin holders with at least 0.1 Bitcoin grew from August 2017 to January 2018 by 45% over time, rising from 1.8 million addresses to 2.6 million.

Ethereum Addresses Are Also On The Rise

As Glassnode’s data shows, the number of Ethereum address holders has also been hitting new recorded highs, with Ether wallets holding at least 01. Eth climbing to 2,984,080 addresses.

However, it’s worth noting that the chart of Ether holders shows significantly less steady growth than Bitcoin holders. A sharp increase correlates with the epic bull run towards the end of 2017, but addresses holding the leading altcoin have not maintained a consistent gradient. Rather, the chart shows choppy growth. The latest surge in Ether addresses could align with the global pandemic and global lockdown. Whether or not the addresses are rising as a result of the economic concerns surrounding the Coronavirus will be seen in time.

Related Articles

CBDC adoption: Russia enters final phase to test digital ruble

Russia is in the final phase of testing a central bank digital currency (CBDC), which will be used for both national and international...

What exactly is DeFi? Decentralised finance explained

DeFi is a set of technologies that enables people to manage their funds on a peer-to-peer basis and it's changing the way money can be used.

Expansion: Coinbase will be launching in the Netherlands

As part of its global expansion, Coinbase has announced that it has been granted regulatory approval from the Netherlands' national bank.

Is Bitcoin better than retail estate as an investment?

According to MicroStrategy CEO Michael Saylor, Bitcoin presents a much better long-term asset than property.

See All