Bitcoin inches nearer to a 10-year file, as different stats flip bullish


The world’s first cryptocurrency Bitcoin (BTC) is sooner or later away from matching its historic 15-day win streak if its constructive worth motion retains up.

In November 2013 Bitcoin posted a 15-day constant constructive worth motion, the longest in its historical past.

₿REAKING: #Bitcoin worth has elevated 14 days in row — A single day away from making a historic new file!

— Documenting ₿itcoin (@DocumentingBTC) January 17, 2023

Proper now, BTC is on day 14 of its win streak, hitting four-month highs within the course of.

Yet one more day of upwards worth motion will match its 2013 streak. If it continues one other day after that it’s going to set a brand new 16-day file.

It’s not the one bullish metric crossing into new territory.

Ethereum to quickly cross 100M non-zero addresses

Ethereum addresses holding not less than some Ether (ETH) will quickly cross the 100 million mark given the present quantity of pockets addresses and the historic development price of the metric.

On Jan. 16, crypto analytics agency Glassnode stated the variety of non-zero ETH addresses reached an all-time excessive of almost 92.5 million.

#Ethereum $ETH Variety of Non-Zero Addresses simply reached an ATH of 92,483,337

View metric:

— glassnode alerts (@glassnodealerts) January 16, 2023

In keeping with the information, Ethereum is simply 7.5 million non-zero addresses away from crossing the 100 million milestone.

Since 2019 the determine has risen by roughly 20 million per yr. If that price continues its doubtless non-zero ETH wallets might hit 100 million by someday within the second quarter of 2023.

ETH hits half 1,000,000 validators

One other Ethereum statistic that has continued to develop is the rely of its validators — entities liable for validating transactions made on the blockchain.

The ETH validator rely crossed the five hundred,000 mark on Jan. 12 as per BeaconScan information.

The variety of validators over a six-month interval ending Jan. 17, the quantity at the moment sits at 502,218. Picture: BeaconScan

It comes because the Shanghai onerous fork slated for March would — amongst different updates — enable validators to lastly withdraw their ETH which was staked so they might assist validate the community.

US high nation for crypto funds acceptance

The US is essentially the most accepting nation for individuals who need to splash their crypto on purchases.

Greater than half of the businesses from an inventory of 250 accepting crypto as paymen had been U.S.-based based on the Jan. 14 Foreign exchange Counsel Crypto Acceptance Report, giving the nation the highest spot for the variety of crypto-accepting corporations.

The highest 10 nations with essentially the most companies accepting crypto as a fee technique. Picture: Foreign exchange Counsel

The U.S. was trailed by runner-up the UK whereas third place went to America’s neighbors to the north, Canada.

Associated: Opinion: The Inter-Blockchain Communication Protocol will finish ecosystem maximalism

E-commerce was essentially the most accepting business of crypto intently adopted by the journey business.

The biggest enterprise by market capitalization to just accept crypto was the $1.8 trillion large tech participant Microsoft.

Wrapped Bitcoin on Ethereum falls 35% from 2022’s peak

Not the whole lot was bullish. Wrapped Bitcoin (WBTC), a tokenized and 1:1 backed model of BTC on Ethereum, has seen its provide on the Ethereum blockchain drop by 35% since Could 2022.

A Jan. 17 tweet from Glassnode revealed the Could 2022 all-time excessive of 285,000 WBTC on Ethereum got here proper earlier than the worth collapse of TerraLunaClassic (LUNC) and its paired algorithmic stablecoin TerraClassicUSD (USTC).

The whole $WBTC Stability wrapped on #Ethereum has declined by over 35% because the collapse of the LUNA/UST challenge

On the peak, there have been 285k #Bitcoin wrapped on #Ethereum, and this has since fallen by 101.55k $WBTC over the course of 2022

Reside Chart:

— glassnode (@glassnode) January 17, 2023

The quantity of WBTC has fallen by 101,550 over the course of 2022 and the blockchain now hosts round 183,500 tokenized Bitcoin.


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