Bitcoin Fundamentals Hit New Major Highs Regarding New Wallets and BTC Transactions

News
Thu, 07/02/2020 - 08:31
Yuri Molchan
Recent data shared by Glassnode reveals that Bitcoin fundamentals have reached some new major highs regarding BTC transactions and BTC wallets
Cover image via stock.adobe.com
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Glassnode analytics company has reported that the number of new BTC wallets has surged to a new all-time high.

The same can be said about the number of Bitcoin transactions over the past twenty-four hours, according to recent data revealed by the company.

Number of active BTC addresses hits 1-year high

According to Glassnode, a company working in crypto data, Bitcoin fundamentals have improved, reaching some new major highs regarding BTC wallets and the number of recent transactions.

A short while ago, the number of active BTC addresses reached a one-year high, totaling 60,379.667, compared to 59,627.458 – the reading from June 11 of this year.

Image via @glassnodealerts

The number of new BTC addresses has also soared to a two-year high. Presently, it amounts to 22,390.500, whereas on June 26 of last year, the two-year high was 22,387.083.

Related
$1,132,203,492 in Bitcoin Wired by Crypto Whales Over Past Few Days, In Just Two Transactions

Number of Bitcoin transactions rises 30.3% over past 24 hours

As per data published by Glassnode, the number of BTC transactions made in the past twenty-four hours has risen 30.3 percent, totaling 15,865.375.

Image via @glassnodealerts

The overall statistics regarding BTC transactions now also totals 15,865.375 – that’s a ten-month high compared to the previous reading from February 14, 2020.

Related
$1,132,203,492 in Bitcoin Wired by Crypto Whales Over Past Few Days, In Just Two Transactions

Over $1 bln worth of Bitcoin moved

The aforementioned data matches what some analysts have recently been saying about the surging interest of institutional investors in Bitcoin and BTC-related products.

The Grayscale fund is a good example of this.

Crypto whales have also become more active this year. Earlier this week, two transactions bearing staggering amounts of BTC (worth around $900 mln and $200 mln) were performed.

The larger one, worth $900 mln, is believed to be initiated by the owner of one of the richest BTC wallets.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.


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