Glassnode, a major provider of cryptocurrency analytics data, recorded a major spike in the number of new Bitcoin addresses on Nov. 18.
According to Glassnode, the number of new BTC addresses registered per one hour hit nearly 25,000 addresses for the first time since January 2018 — the month following Bitcoin’s all-time high of $20,000. The spike in new Bitcoin addresses is still quite far from the highs recorded in January 2018, when the number of new BTC addresses per hour during that month hit nearly 25,000.
The number of new addresses in a 24-hour period saw an all-time high on Dec. 21, 2017, with more than 600,000 addresses.
The spike in new BTC addresses shows that people around the world are increasingly turning to Bitcoin amid a major crypto bull run. As reported by