Bitcoin Addresses with Non-Zero Balance Reach Record High

CONTENT

  • The number of BTC wallets with a non-zero balance reaches a record high

  • This dynamic is the result of a bullish year for Bitcoin.

  • The number of BTC wallets with a balance of more than 1 BTC and Ethereum wallets with a non-zero balance also grew record-breaking.

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The bitcoin rate does not abandon attempts to grow to new heights, and this has a beneficial effect on numerous health indicators of the entire MTC ecosystem.

As of December 12, the number of bitcoin wallets with at least 1 satoshi on their balance set a new all-time record reaching 32,925,521. The previous historical record was set just a day earlier at 32,925,198. These statistics were shared by the popular data aggregator and analytical resource Glassnode.

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#Bitcoin $ BTC Number of Non-zero Addresses just reached an ATH of 32,925,521

Previous ATH of 32,925,198 was observed on 11 December 2020

View metric: https: //t.co/VtoChZbLsa pic.twitter.com/Fc4sm7bx8O

– alerts glassnode (@glassnodealerts) December 12, 2020

Addresses are multiplying throughout the crypto space

Such news is certainly good news for bitcoin and the entire crypto space. The metric of non-zero-balance bitcoin addresses is considered by the industry to be one of the most reliable benchmarks for assessing the growth of the bitcoin network. Therefore, the latest data may be an indication that an increasing number of people not only create cryptocurrency wallets for themselves, but actually use them..

Moreover, Glassnode experts added that the number of Bitcoin addresses storing at least 1 BTC also broke its own record and grew to 825 988 addresses..

#Bitcoin $ BTC Number of Addresses Holding 1+ coins just reached an ATH of 825,988

Previous ATH of 825,899 was observed earlier today

View metric: https: //t.co/s7tx1xxyz3 pic.twitter.com/Axs1SWjgNQ

– alerts glassnode (@glassnodealerts) December 12, 2020

Philip Gradwell, chief economist at Chainalysis, shared similar statistics. He said that the number of BTC wallets with more than 1,000 BTC on their balance (at current value this is equivalent to about $ 19 million) increased by 17% in 2020. This also indicates a growing interest in cryptocurrency from large investors..

The situation is similar in the Ethereum ecosystem. According to Glassnode, the number of Ethereum addresses with a non-zero balance also absorbed the previous historical maximum and to 50,476,989 wallets. In the same way as in the case of Bitcoin, this previous high was only set the day before..

Bitcoin Addresses with Non-Zero Balance Reach Record High

On the charts, both BTC and Ether wallets with a non-zero balance are showing exponential growth. Meanwhile, the increase in the number of Bitcoin addresses storing 1 BTC or more was more restrained..

 

Interest rises following the price

The outgoing year has been successful for the entire cryptocurrency space. The two main digital currencies – Bitcoin and Ether – have managed to significantly increase their value.

This was largely due to the general economic instability in the world, which led to a surge in investor interest in Bitcoin as a reserve currency / hedging instrument against inflation. Also a big event for the industry was the long-awaited launch of the phase 0 of the updated Ethereum 2.0 protocol.. 

These and other factors have helped the cryptocurrency market to significantly increase its capitalization and attract a large number of institutional investors. Against this background, the cryptocurrency ecosystem has also demonstrated an increase in the number of wallets used, which is another evidence of its healthy growth..

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Bitcoin Addresses with Non-Zero Balance Reach Record High
Bitcoin Addresses with Non-Zero Balance Reach Record High

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Bitcoin Addresses with Non-Zero Balance Reach Record High
Bitcoin Addresses with Non-Zero Balance Reach Record High

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