There are now more active addresses than ever holding Bitcoin. After continuing to grow at a parabolic rate, the total number of non-zero Bitcoin addresses hit an all-time high of 36,896,000 earlier this Friday. The figure has then dropped back to approximately 36,770,000 on Sunday afternoon, according to data from on-chain analytics site Glassnode.
This is clearly great news for the crypto market, as Bitcoin hits new monumental highs thanks to cryptocurrencies and blockchain technology becoming increasingly mainstream. Now, with more institutional, corporate, and retail interest in crypto than ever before, it’s only a matter of time before new highs are set for the metric. However, does this necessarily equate to a bullish signal?
