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- BTC has exceeded 46 million non-zero addresses.
- According to CoinMarketCap, the current Bitcoin price stands at $28,762.12.
The leading cryptocurrency, Bitcoin (BTC), has captured the attention of the crypto community by achieving a new all-time high (ATH). According to data from Glassnode, a cryptocurrency analytics firm, the total number of non-zero addresses is approximated at 46.1 million.
#Bitcoin adoption keeps rising as the count of Non-Zero Addresses reaches an ATH of ~46.1M.
When assessing growth across Epochs, we observe a dip in relative growth, yet an increase in absolute growth as the number of Non-Zero Addresses keeps growing:Epoch… pic.twitter.com/iXFw52Y5eD
— glassnode (@glassnode) May 6, 2023
Epoch… pic.twitter.com/iXFw52Y5eDWhen analyzing the price chart from the past week, BTC is fluctuating between the highs and lows of $27.1K and $29.9K. Currently, the market price is noted at $28,762.12, with a trading volume of $16,305,417,279 according to CoinMarketCap’s analysis.
Growth Comparison Across Four Epochs
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In light of Glassnode’s attention on BTC, four distinct Epochs have been analyzed for growth comparison. These Epochs have shown a slight decrease in relative growth, while absolute growth has risen, reflecting the growing number of non-zero addresses.
To begin, Epoch 1 covers addresses on the BTC network totaling one million, with a growth rate of 1.3M%. Epoch 2 recorded an impressive growth of over 784M% across 8 million addresses. Epoch 3 accounted for 21 million addresses, achieving a growth of 233%. Lastly, Epoch 4 documented 16 million addresses, resulting in a 54% growth for the BTC network.
Each Epoch reveals some fluctuations in growth rates on the network. Over the past three years, nearly 200K non-zero addresses have been added with balances of 1 or more BTC, bringing the current total to 981K addresses.
Moreover, Bitcoin’s growth has reached 72.64% Year-to-Date (YTD), despite inflation prompting increased rate hikes. The 18th week of BTC’s on-chain data suggests that short-term holders dominate approximately 95% of total inflows compared to long-term holders.
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