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Key facts:
Currently, there are more than 900,000 active addresses in a range of 7 days.The milestone coincides with a price of bitcoin is similar to the beginning of 2018.In the midst of the expectations, by the proximity of the third halving, and the price of BTC going to exceed us $ 10,000, the amount of addresses, Bitcoin active has returned to levels not seen since the beginning of the year 2018. At that time, the price of bitcoin was coming off of its biggest cumshot bullish, when it came to the $ 20,000.During the last week, the number of active addresses has exceeded 940.000, returning to levels not seen since the end of January of this year, according to a report from the firm analysis Glassnode published this Thursday, may 7th. The company explains that this metric takes as a reference those addresses of Bitcoin active in the span of a week, either as a transmitter or receiver of a transaction in the network.Previously, there were a peak near the last week of June 2019. However, in this upload the active addresses did not 940.000. According to the records of Glassnode, the historical maximum of active addresses in a week was precisely at the height of the run upward of 2017, with the price of bitcoin above USD 19.000.As well, the third week of December of that year, there were more of 1.190.000 addresses that either sent or received a transaction. In contrast, the lowest point of active addresses from October 2016 was registered in April of 2018, the last time that the number has been below 530,000.Glassnode pointed out, in this same report, the number of new addresses during this last week also reached the levels seen in January 2018. According to data from this firm, during the week there were more than 450,000 new directions. That is to say, addresses that for the first time appeared in a transaction in the network of Bitcoin.Both the active addresses as the number of new directions are at levels of 2018. Source: Glassnode.
Increased activity in the network of Bitcoin
While most addresses are active on the network, you might think that there is a greater amount of users of Bitcoin. But this is not necessarily so. On the one hand, the exchange houses used in multiple directions for the management of their funds, while private users usually have also more than one address, for security reasons and to keep good guard of your privacy.That is to say, the number of addresses is not comparable necessarily to the number of users. In addition, as defined by the dictionary of Breaking News, the creation of an address in Bitcoin is not only simple but has no cost.What is certain is that the network has been experiencing higher levels of activity the last few weeks. As reported in this newspaper last may 1, the network of Bitcoin became congested with pending transactions to levels not seen since at least December of last year.For some, this has been due to an upturn in purchases of BTC before the halving. The expectation generated by the reduction of rewards for the miners seems to be driving not only the price of bitcoin, but also the activity on your network.