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Bitcoin Nears 10-Year Record As Other Stats Get Bullish

Delbert Williams IIBy No Comments3 Mins Read

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Bitcoin (BTC), the world’s first cryptocurrency, is one day away from matching its historic 15-day winning streak if the positive price action continues.

In November 2013, Bitcoin posted its longest-ever 15 days of consistently positive price movements.

BTC is now on day 14 of its winning streak, hitting a four-month high in the process.

One more day of gains would equal the winning streak of 2013. If it continues for another day, it will set a new record of 16 days.

This is not the only time the bullish indicators have entered new territory.

Ethereum will soon surpass 100 million non-zero addresses

Given the current amount of wallet addresses and the historical growth rate of the metric, there will soon be over 100 million Ethereum addresses holding at least some Ether (ETH).

On January 16th, crypto analytics firm Glassnode said the number of non-zero ETH addresses reached a record high of around 92.5 million.

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

Since 2019, this number has increased by about 20 million annually. If this rate continues, the presumably non-zero ETH wallet could reach 100 million by the second quarter of 2023.

ETH reaches 500,000 validators

Another Ethereum statistic that continues to grow is the number of validators, entities responsible for verifying transactions made on the blockchain.

According to BeaconScan data, the number of ETH validators surpassed 500,000 on January 12th.

The number of validators for the six months ended January 17 is now 502,218. image: beacon scan

A Shanghai hard fork scheduled for March will allow validators to finally withdraw their staked ETH to help validate the network.

Top country in the US for accepting crypto payments

The United States is the most welcoming country for those wishing to purchase cryptocurrencies.

According to the Jan. 14 Forex Suggest Crypto Acceptance Report, more than half of the list of 250 companies accepting cryptocurrencies as payers are based in the United States, leading the way in terms of the number of companies accepting cryptocurrencies. occupies a seat.

Top 10 countries with the most businesses accepting cryptocurrencies as a payment method. image: forex offer

The United States follows the United Kingdom in second place, followed by its northern neighbor Canada in third place.

Related: Opinion: Inter-Blockchain Communication Protocol Will End Ecosystem Maximalism

E-commerce is the industry most accepting of cryptocurrencies, followed closely by the travel industry.

The largest company to accept cryptocurrencies by market capitalization was Microsoft, a $1.8 trillion tech giant.

Ethereum-wrapped Bitcoin plunges 35% from 2022 peak

Not all were bullish. Wrapped Bitcoin (WBTC), the 1:1 backed version of BTC tokenized on Ethereum, has seen a 35% drop in supply on the Ethereum blockchain since May 2022.

A Jan. 17 tweet from Glassnode said Ethereum’s all-time high of 285,000 WBTC in May 2022 was just before the price collapse of TerraLunaClassic (LUNC) and its paired algorithmic stablecoin TerraClassicUSD (USTC). revealed that it occurred in

The amount of WBTC will drop by 101,550 over the course of 2022, and the blockchain currently hosts around 183,500 tokenized Bitcoins.