As the price of the leading cryptocurrency Bitcoin [BTC] hit a 3-year high on 18th Nov., even more people around the world have started getting into space, consistent with Glassnode data.
As per a recent report by Glassnode, it recorded a serious spike within the number of new Bitcoin addresses on 18th Nov.
In line with Glassnode, the amount of new BTC addresses registered per one hour hit nearly 25k addresses for the primary time since January 2018 – the month following Bitcoin’s all-time high of $20k. The spike in new Bitcoin addresses remains quite far away from the highs recorded in January 2018, when the amount of new BTC addresses per hour during that month hit nearly 25k.
The number of new addresses within a 24-hour period saw an all-time high on 21st Dec. 2017, with over 600k addresses.
The spike in new BTC addresses reveals that folks around the world are more and more turning to Bitcoin amid a serious crypto Bull Run. As reported earlier, Bitcoin surged nearly 400% this year, growing from below $4k earlier in January 2020 to over $18.5k on 18th Nov.
The growing prices have triggered more fear of missing out, driving the crypto adoption at the very best place over the past three years. The present adoption level remains apparently low though. consistent with Changpeng Zhao, the CEO of the world’s renowned cryptocurrency exchange Binance, the present adoption rate of cryptocurrency accounts for 0.1%, meaning that just one person out of 1,000 users still owns crypto so far.