Active Bitcoin Addresses Neared Record Highs in November

Approximately 19.6 million Bitcoin addresses sent or received BTC in November.

According to the blockchain data provider Glassnode, this is the third highest number in a month after January 2018 (19.67 million) and December 2017 (21.64 million).

Active Bitcoin addresses are approaching a new high. Image: glass knot

It’s no surprise that the active address numbers have roughly matched the price of Bitcoin over the past few years. When the price rises, interest in trading rises, or vice versa.

The Bitcoin rally (and the previous all-time high in terms of price) in late 2017 and the subsequent crash in early 2018 generated an enormous amount of press on Bitcoin. In December 2017, the number of new addresses rose to over 17 million.

If that number feels high, that’s because of most Bitcoin addresses (there are now over 740 million total, according to Glassnode) Don’t actually hold Bitcoin and are therefore not active.

Active address numbers began to peak earlier this yearwhen the price of Bitcoin began to rise. On November 9th, the number of active addresses for that day was 1.18 million.

The price of Bitcoin recently surpassed its all-time high to date, at around $ 19,000 per coin.