RATE Group | Bitcoin addresses with non-zero balance reach all-time high
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Bitcoin addresses with non-zero balance reach all-time high

23 Feb Bitcoin addresses with non-zero balance reach all-time high

Posted at 02:35h in Bitcoin News by

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  • Data shows an increase in the number of non-zero balanced Bitcoin addresses reaching an all-time high.
  • The increase is motivated by the hype before the Bitcoin halving and surpasses the one registered during the all-time high of BTC in 2017. 

According to data from the Glassnode analysis platform, fundamental Bitcoin metrics show that the bullish sentiment continues in the crypto market. Despite the sudden crash in the price of BTC, the platform records a sustained increase in the number of non-zero balanced Bitcoin addresses and is at an all-time high at the time of publication. According to crypto community member Income Sharks, active non-zero balance addresses are even higher than when BTC reached its all-time high (20,000 USD) in late 2017.

The number of Bitcoin addresses with a non-zero balance at the time of publication is 28,728,292, 3 million more than the all-time high. Since the end of November 2019, the increase has also been exponential. According to Glassnode, the…

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