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Market Analysis Report (02 Feb 2021)

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Data from on-chain analytics firm Glassnode shows that the flagship cryptocurrency’s network saw the highest ever number of active addresses last month after its price surged to a record high near $42,000.

More than 22.3 million addresses were active on the Bitcoin network last month, topping the previous record of 21.6 million addresses in December 2017, when BTC’s price hit its then-record high near $20,000.

Per the firm, these were unique addresses active on the network either sending or receiving funds. On January 7, 682,000 new addresses were created on the Bitcoin network, up from the previous record of 655,000 on December 17, 2020.

It’s worth noting that as anyone can create a bitcoin address for free, addresses cannot be used to measure the number of active Bitcoin users. Specifically how many people use BTC daily isn’t known.

Source: https://www.cryptocompare.com/email-updates/daily/2021/feb/02/

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