In January, the number of unique active Bitcoin addresses reached 22.3 million amid growing network activity and the rate of the first cryptocurrency, which exceeded $ 42,000.
A new milestone in the history of Bitcoin was marked by the Glassnode cryptocurrency market data aggregator. how declares company, in January the number of active Bitcoin addresses reached a new record:
“In January, over 22.3 million unique addresses were active on the network, sending or receiving BTC – the highest monthly rate in Bitcoin history to date.”
#Bitcoin network activity at ATH.
In January, more than 22.3 million unique addresses were active in the network sending or receiving $ BTC – the highest monthly number in Bitcoin’s history to date 📈
Chart: https://t.co/yPPOix0KFx pic.twitter.com/yjWwYbRC98
— glassnode (@glassnode) February 1, 2021
The January surge in activity surpasses the previous record of 21 million active addresses in December 2017. Since 2017, the number of unique active Bitcoin addresses has not dropped below 10 million per month.
Analysts also noted that the number of “active address groups” on the Bitcoin network has dropped significantly since the peak to new highs in early January. Glassnode defines such groups as “clusters of addresses controlled by the same user.”
BTC trading volumes surged to record levels last month, when the price of bitcoin for the first time exceeded $ 41,000 on January 8th. However, at the end of January, the rate of the first cryptocurrency briefly declined to $ 28,800 and now bitcoin is trading at $ 35,000.
At the end of last month, Bitcoin volatility surged to March 2020 levels, when all markets collapsed at the start of the pandemic. Previously, volatility reached its highest levels during periods of a bull market.