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A new record in the number of bitcoin users has been set since 2017

Posted on November 6, 2022 by admin

A new record in the number of bitcoin users has been set since 2017

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Answer A new record in the number of bitcoin users has been set since 2017

The price of Bitcoin has increased in the past two weeks by about 22%, and the first cryptocurrency gains in the crypto market was not only the rise in price, but also an increase in the number of Bitcoin users, as some data from Glassnode shows that the number of unique addresses that appeared on the network Bitcoin for the first time reached its highest level since 2017.

Increasing new bitcoin addresses:

Quoted from a company post glass To analyze cryptocurrency:

The number of unique accounts making their first appearance in the Bitcoin network is growing, this growth rate is the largest we have seen since late 2017.

Read:Twitter founder announces 5 web development streak on the Bitcoin blockchain

Source: Glassnode

While there are a lot of metrics to watch, the number of new accounts debuting is particularly interesting, because these accounts are showing a clear interest as new players in the market.

It is also worth noting that the number of new addresses is much higher than those recorded in June of last year when the price of Bitcoin was higher for a brief period of time.

This may be an indication of the continued rise in Bitcoin adoption as more people are interested in the cryptocurrency despite the drop in price.

On the other hand, almost 95% of Bitcoin in users’ wallets is in profit, and this rate continues to grow.

Source: Glassnode

Read also:

Read:Summary of Arab Bitcoin meeting with the Tolar project team

BitMEX founder reveals his short-term price predictions for Ethereum

Will Bitcoin decline to close the price gap at $9665?


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