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Bitcoin and Ethereum Networks Hit All-Time Highs

Bitcoin and Ethereum Networks Hit All-Time Highs

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It looks as if Bitcoin (BTC) and Ethereum (ETH) believers have been rising more and more lively through the previous few days, recommend the community stats offered by an on-chain analytics agency Glassnode, displaying quite a few all-time highs.

Firstly, each Bitcoin and Ethereum networks reached new all-time highs in addresses holding specific quantities of cash.

The Bitcoin community has simply witnessed new highs in addresses holding at last BTC 0.1, whereas on the identical time there are 2,163 wallets holding BTC 1,000 or extra – a brand new three-month excessive.

Bitcoin and Ethereum Networks Hit All-Time Highs 101
Supply: studio.glassnode.com

The identical goes for Ehtereum, which lately noticed new all-time highs in numbers of addresses holding at the least 0.01, 0.1, and ETH 1.

There have been greater than one million wallets which have ETH 1 or extra recorded by Glassnode on June 22, and near 7.9 million addresses with a naked minimal of ETH 0.01.

There’s additionally a brand new document of non-zero ETH addresses, which stands at greater than 42 million.

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Supply: studio.glassnode.com

The overall variety of lively Ethereum addresses (1-day transferring common) has reached a brand new one yr excessive.

A surge in activity on Ethereum can also be observed in its transaction volume, which increased more than 100% on June 22.

Bitcoin’s transaction volume has grown by whopping 135%.

Consequentially, the number of ETH transactions has reached a new 6-month high yesterday. Moreover, the rise of on-chain exercise has additionally led to a brand new document of whole gas usage, in addition to 3-month highs in total and mean block sizes.

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Supply: studio.glassnode.com

The surge in exercise can be mirrored in one other Three month-high of bitcoin and ethereum realized costs, which stand at USD 5,795.48 and USD 208.32 respectively, indicating that consumers are keen to enter BTC and ETH positions at the next price by way of USD.

Final however not least, Bitcoin realized market capitalization reached a brand new all-time excessive of USD 106.7 billion, which means that there’s a document quantity of USD invested in bitcoin.

And from the appears of it, it doesn’t look like these BTC are going to be bought quickly, because the variety of bitcoin on exchanges reached a one year low.

bitcoin realized cap
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btc balance on exchanges
Supply: studio.glassnode.com

“The quantity of USD that consumers invested in BTC simply made a brand new all-time-high,” commented crypto dealer and analyst Luke Martin, aka Enterprise Coinist, on a document set 4 days in the past. “Realized market cap measures the worth of all cash on the worth they final transacted. Worth isn’t there but, however conviction is,” he concluded.

At pixel time (15:52 UTC), BTC is altering fingers at USD 9,696. It went up 2.05% in a day and a couple of.51% in per week. In the meantime, Ethereum is buying and selling at USD 243, having appreciated 1.79% in 24 hours and 4.78% in 7 days.


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