Bitcoin inches closer to a 10-year record, as other stats turn bullish - Cointelegraph

Trending 2 weeks ago

The world's archetypal cryptocurrency Bitcoin (BTC) is 1 time distant from matching its historical 15-day triumph streak if its affirmative terms question keeps up.

In November 2013 Bitcoin posted accordant affirmative terms question for 15 days, the longest specified streak successful its history.

₿REAKING: #Bitcoin terms has accrued 14 days successful enactment — A azygous time distant from making a historical caller record!

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

Right now, BTC is connected time 14 of its triumph streak, hitting four-month highs successful the process.

One much time of upward terms question volition lucifer its 2013 streak. If Bitcoin keeps gaining different time aft that it volition acceptable a caller all-time grounds with a 16-day winning streak.

It’s not the lone bullish metric crossing into caller territory.

Ethereum to soon transverse 100M non-zero addresses

Ethereum addresses holding astatine slightest immoderate Ether (ETH) volition soon transverse the 100 cardinal mark, fixed the existent magnitude of wallet addresses and the humanities maturation complaint of the metric.

On Jan. 16, crypto analytics steadfast Glassnode said that the fig of non-zero ETH addresses reached an all-time precocious of astir 92.5 million.

— glassnode alerts (@glassnodealerts) January 16, 2023

According to the data, Ethereum is conscionable 7.5 cardinal non-zero addresses distant from crossing the 100 cardinal milestone.

Since 2019 the fig has risen by astir 20 cardinal per year. If that complaint continues, it’s apt non-zero ETH wallets could deed 100 cardinal by sometime successful the 2nd 4th of 2023.

ETH hits fractional a cardinal validators

Another Ethereum statistic that has continued to turn is the number of its validators — entities liable for validating transactions made connected the blockchain.

The ETH validator number crossed the 500,000 people connected Jan. 12, according to BeaconScan data.

The fig of validators implicit a six-month play ending Jan. 17, the fig presently sits astatine 502,218. Source: BeaconScan

It comes arsenic the Shanghai hard fork slated for March would — among different things — let validators to yet retreat their ETH that was staked truthful they could assistance validate the network.

U.S. apical state for crypto payments acceptance

The United States is the astir accepting state for those who privation to splash their crypto connected purchases.

More than fractional of the companies from a database of 250 accepting crypto arsenic outgo were U.S.-based, according to the Jan. 14 Forex Suggest Crypto Acceptance Report, giving the state the apical spot for the fig of crypto-accepting firms.

The apical 10 countries with the astir businesses accepting crypto arsenic a outgo method. Source: Forex Suggest

The U.S. was trailed by runner-up the United Kingdom, portion 3rd spot went to America’s neighbors to the north, Canada.

Related: Opinion: The Inter-Blockchain Communication Protocol volition extremity ecosystem maximalism

E-commerce was the astir accepting manufacture of crypto closely, followed by the question industry.

The largest concern by marketplace capitalization to judge crypto was the $1.8 trillion large tech subordinate Microsoft.

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

Not everything was bullish. Wrapped Bitcoin (WBTC), a tokenized and 1:1 backed mentation of BTC connected Ethereum, has seen its proviso connected the Ethereum blockchain driblet by 35% since May.

A Jan. 17 tweet from Glassnode revealed the May 2022 all-time precocious of 285,000 WBTC connected Ethereum came close earlier the terms illness of TerraLunaClassic (LUNC) and its paired algorithmic stablecoin TerraClassicUSD (USTC).

— glassnode (@glassnode) January 17, 2023

The magnitude of WBTC has fallen by 101,550 implicit the people of 2022 and the blockchain present hosts astir 183,500 tokenized Bitcoin.