The number of active Bitcoin addresses exceeded 1 million on January 8 for the first time since 2017, hitting a new high, according to data provided by analysis company Glassnode. As a result, more than one million Bitcoin addresses were used in a single day, reflecting the growing demand for the use of cryptocurrencies in the transfer of funds. Experts at Glassnode said:
"At last week's peak — over 1.3 million Bitcoin addresses were active in a single day. This continued spike indicates an impressive level of new adoption and activity for Bitcoin, and suggests that the number of market participants in the network may be higher than ever before."
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Most owners of Bitcoin addresses have small fractions of a whole coin. As a result, 75% of addresses have between 0 and 0.01 BTC ($350), 5 million or 16% store between 0.01 BTC and 0.1 BTC, while only 674,000 have more than 1 BTC.