The world’s first cryptocurrency, Bitcoin (BTC), is a day away from matching its historic streak of 15 consecutive days of rally if positive price action continues.
In November 2013, Bitcoin recorded a steady 15-day positive price movement, which led to the longest bull run in its history.
– ₿itcoin (DocumentingBTC) January 17, 2023
urgent: #Bitcoin price is up 14 days in a row – 1 day away from hitting a new all-time high!
BTC is currently on the 14th day of its winning streak, reaching four-month highs in the process.
One more day of bullish price action would match the 2013 sequence. If bitcoin continues to rally several days after that, it will make a new all-time high.
However, this is not the only bullish measure crossing into new territory.
Ethereum will soon surpass 100 million addresses above zero
Ethereum addresses containing at least some Ether (ETH) will soon cross the 100 million mark, given the current amount of wallet addresses and the historical growth rate of the scale.
On January 16th, the analytics company announced on the chain Cryptocurrency exchange Glassnode said the number of ETH addresses above zero has reached an all-time high of about 92.5 million.
View the scale: https://t.co/beS1MtIgAZ pic.twitter.com/ripGHhmuEU
– glassnode alerts (@glassnodealerts) January 16, 2023
#Ethereum $ETH The number of addresses above zero has reached ATH 92,483,337
– glassnode alerts (@glassnodealerts)
According to the data, Ethereum is just 7.5 million addresses above zero away from surpassing 100 million addresses.
Since 2019, the number has increased by about 20 million annually. If this rate continues, ETH wallets above zero will likely reach 100 million sometime in the second quarter of 2023.
ETH reaches 500 million validators
Another Ethereum metric that continues to grow is the number of validators – the entities responsible for validating transactions made on the blockchain.
The number of ETH validators crossed the 500,000 mark on January 12, according to data from BeaconScan.
A log occurs when a file Hard fork Scheduled for March, Shanghai will — among other things — allow validators to eventually withdraw held ETH mask So they can act as network validators.
The United States leads the adoption of cryptocurrency payments
The United States is the most accepting country for cryptocurrency payments.
More than half of the list of 250 companies that accept cryptocurrencies as payment were based in the United States, according to the Forex Crypto Acceptance Report published Jan. 3.
The United States followed in the second place, while the United Kingdom came in, while Canada came in the third place.
E-commerce is the industry most suited for cryptocurrency payments, followed by the tourism sector.
The largest company by market capitalization to accept cryptocurrencies is Microsoft. The tech giant is valued at $1.8 trillion.
Synthetic Bitcoin on Ethereum is down 35% since peaking in 2022
However, not everything is so optimistic. Bitcoin Coated (WBTC), a synthetic version of BTC on Ethereum, has seen its supply drop by 35% since May.
A tweet posted by Glassnode on January 17 revealed that the May 2022 all-time high of 285,000 WBTC on Ethereum occurred before the price crash of TerraLunaClassic (LUNC) and TerraClassicUSD (USTC).
Live chart: https://t.co/y3COK5pbuA pic.twitter.com/QWRYyBcV7j
– glassnode (glassnode) January 17, 2023
The total $WBTC balance on #Ethereum has fallen by more than 35% since the collapse of the LUNA/UST project
At the peak there were 285K #synthetic #Bitcoin on #Ethereum, it has since dropped to $101.55K WBTC over the course of 2022
Live chart: https://t.co/y3COK5pbuA
– glassnode (glassnode)
The amount of WBTC decreased by 101,550 during 2022 and the blockchain now hosts around 183,500 synthetic Bitcoins.