22.3 million Bitcoin addresses were active during January

CRYPTONAIRE LYWEEK

CRYPTO investment journal

22.3 million Bitcoin addresses were active during January

January was a record month for Bitcoin’s price and network activity, with more than 22.3 million unique addresses actively sending or receiving BTC over 31 days.

The milestone was spotted by crypto market data aggregator Glassnode, who tweeted that January had seen the highest monthly number of unique active addresses in Bitcoin’s history:

January’s spike in activity beats out the previous record of more than 21 million active addresses from December 2017. Since 2017, the number of unique addresses engaging with Bitcoin has not fallen below 10 million per month.

Despite the increase in unique active wallets, Glassnode also noted the number of “active entities” on the Bitcoin network has decreased significantly since spiking into new highs in early January.

Glassnode defines an entity as “a cluster of addresses that are controlled by the same network entity.”

Bitcoin trade volumes spiked to record levels last month as Bitcoin surged past $30,000 to post all-time highs near $42,000 on Jan. 8 before posting three weeks of aggressive range-bound consolidation.

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