How much do I need to invest to make $1000 a month? the number of new wallet addresses - the number of unique addresses appearing for the first time on the Bitcoin network - set a new high this month, surpassing the 2017 high (a previous high on the scale).
Is investing in Bitcoin a risk or profit? Bitcoin hit another all-time high in January, regardless of its record price of $ 41,940.
Data from analytics firm ClassNode shows that the network had the largest number of active users ever in the past month, more than at any other point in history.
Bitcoin and records crash
Since Bitcoin is a fully decentralized currency, activity on its network can be calculated by certain metrics - such as active portfolios, miner outflows, and conversions across the chain.
Among them, the number of active wallet addresses provides the most knowledge, in terms of the number of Bitcoin interactions via transfers.
Last month saw the highest numbers ever. More than 22.3 million wallets were active on the Bitcoin network, up from the 21.6 million figure in January 2017, when Bitcoin hit a then-record high of more than $ 19,500.
“In January, more than 22.3 million unique addresses were active on the network to send or receive Bitcoin dollars - the highest monthly number in Bitcoin history to date, according to a ClassNude account.
According to the company, these active addresses measure the number of unique addresses - meaning those coming from individual addresses rather than large batch transfers of crypto exchanges or related businesses - that have been active in the network as either a sender or a receiver. Only successful transactions are calculated in this method, and Claas Node explains its site session.
Given specific days, more than 682,000 new wallets appeared on the Bitcoin network on January 7 this month, compared to 655,000 on December 17, 2020, when Bitcoin's price reached its previous high. But is this gathering just the beginning?
