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

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


The world’s first cryptocurrency Bitcoin (BTC) is one day away from matching its historic 15-day win streak if its positive price movement keeps up.

In November 2013 Bitcoin posted a 15-day consistent positive price movement, the longest in its history.

According to the data, Ethereum is just 7.5 million non-zero addresses away from crossing the 100 million milestone.

Since 2019 the figure has risen by roughly 20 million per year. If that rate continues its likely non-zero ETH wallets could hit 100 million by sometime in the second quarter of 2023.

ETH hits half a million validators

Another Ethereum statistic that has continued to grow is the count of its validators — entities responsible for validating transactions made on the blockchain.

The ETH validator count crossed the 500,000 mark on Jan. 12 as per BeaconScan data.

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

The number of validators over a six-month period ending Jan. 17, the number currently sits at 502,218. Image: BeaconScan

It comes as the Shanghai hard fork slated for March would — among other updates — allow validators to finally withdraw their ETH which was staked so they could help validate the network.

US top country for crypto payments acceptance

The United States is the most accepting country for those who want to splash their crypto on purchases.

More than half of the companies from a list of 250 accepting crypto as paymen were U.S.-based according to the Jan. 14 Forex Suggest Crypto Acceptance Report, giving the country the top spot for the number of crypto-accepting firms.

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

The top 10 countries with the most businesses accepting crypto as a payment method. Image: Forex Suggest

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

Related: Opinion: The Inter-Blockchain Communication Protocol will end ecosystem maximalism

E-commerce was the most accepting industry of crypto closely followed by the travel industry.

The largest business by market capitalization to accept crypto was the $1.8 trillion big tech player Microsoft.

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

Not everything was bullish. Wrapped Bitcoin (WBTC), a tokenized and 1:1 backed version of BTC on Ethereum, has seen its supply on the Ethereum blockchain drop by 35% since May 2022.

A Jan. 17 tweet from Glassnode revealed the May 2022 all-time high of 285,000 WBTC on Ethereum came right before the price collapse of TerraLunaClassic (LUNC) and its paired algorithmic stablecoin TerraClassicUSD (USTC).

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


Leave a Reply

Your email address will not be published. Required fields are marked *