Newly Created Addresses On The Bitcoin Network Reach Jan. 2018 Highs

Soon enough, nearly everyone will have a Bitcoin wallet, just as they have smartphones today

The newly created addresses on the Bitcoin network have reached a high not seen since January 2018. Is this a sign of the fear of missing out?

Bitcoin’s booming price seems to be attracting new investors. Data from the analytics company Glassnode indicated that the BTC network has just registered the highest number of newly created address in nearly three years.

Bitcoin FOMO Kicking In?

The primary cryptocurrency has been on a massive roll in the past few months. The days of dabbling around the $10,000 price tag in early September are long gone. In fact, BTC has nearly doubled its price since then.

During the past month alone, Bitcoin has registered several consecutive new 2020 highs.

This impressive price-performance reached even mainstream media, as outlets such as CNBC rush to cover the news. It smells like late 2017 and early 2018 again and Glassnode’s data seems to be confirming it as well.

Master Asked on November 22, 2020 in Bitcoin.
Add Comment