January was a record month for Bitcoin’s price and its network activity. In the first month of 2021, the BTC blockchain handled over 22.3 million unique addresses that were actively sending or receiving cryptocurrency.
This milestone was spotted by the analytical company Glassnode. The company shared the information via the following tweet:
#Bitcoin network activity at ATH.
In January, more than 22.3 million unique addresses were active in the network sending or receiving $ BTC – the highest monthly number in Bitcoin’s history to date 📈
– glassnode (@glassnode) February 1, 2021
The January spike in activity breaks the previous record from December 2017, when there were over 21 million active addresses in the BTC network. Since 2017, the number of unique addresses has not dropped below 10 million per month.
Despite the rise in unique active wallets, Glassnode also notedthat the number of “active actors” on the Bitcoin network has seen a significant decline since reaching new heights in early January. Glassnode defines ‘Subject’ as ‘a group of addresses that are controlled by the same network subject’.
Bitcoin’s trading volume also rose to record levels last month. This was due to increases in BTC – first to $ 30,000 and then to ATH at $ 42,000. Currently, Bitcoin has managed to consolidate and fluctuates in the range of 33-35 thousand. USD
On February 2, the US Kraken exchange announced that in January 2021 it processed a greater volume of transactions than in the entire 2019. Only last month, assets worth $ 56 billion changed hands on the platform.
Due to the sharp increases, the largest stock exchanges, such as Kraken or Coinbase, experienced downtime. However, both of them have announced measures to prevent future failures.
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