Bitcoin Wallets Analysis
Since May 3rd, there has been a significant increase in the total number of Bitcoin addresses, indicating growing adoption and interest in the cryptocurrency. On that date, there were 1,025,826,169 addresses, and as of May 5th, the number reached 1,287,496,669. This represents a 20.4% increase, which is a substantial rise in just two days. The variation in the number of Bitcoin addresses suggests continuous activity in the market, reflecting the ongoing engagement of users. In addition, the number of active Bitcoin addresses has been fluctuating, but an overall positive trend can be observed. These active addresses are a strong indicator of the usage and participation in the Bitcoin network.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2024-05-05 14:00:00 | 1,287,496,669 | 0.02% | Total Addresses |
| 2024-05-05 14:00:00 | 1,234,856,201 | 0.01% | Zero Balance Addresses |
| 2024-05-05 14:00:00 | 525,465 | -34.02% | Bitcoin Active Addresses |
| 2024-05-05 14:00:00 | 540,732 | 0.00% | Addresses with over 0 |
| 2024-05-05 14:00:00 | 219,372 | 0.00% | Addresses with over 0.0000001 |
| 2024-05-05 14:00:00 | 3,345,572 | 0.01% | Addresses with over 0.000001 |
| 2024-05-05 14:00:00 | 10,191,163 | 0.04% | Addresses with over 0.00001 |
| 2024-05-05 14:00:00 | 13,615,849 | 0.23% | Addresses with over 0.0001 |
| 2024-05-05 14:00:00 | 12,090,179 | 0.22% | Addresses with over 0.001 |
| 2024-05-05 14:00:00 | 8,079,500 | 0.03% | Addresses with over 0.01 |
| 2024-05-05 14:00:00 | 3,545,197 | -0.01% | Addresses with over 0.1 |
| 2024-05-05 14:00:00 | 859,860 | -0.01% | Addresses with over 1 |
| 2024-05-05 14:00:00 | 137,136 | -0.04% | Addresses with over 10 |
| 2024-05-05 14:00:00 | 13,798 | 0.07% | Addresses with over 100 |
| 2024-05-05 14:00:00 | 2,005 | 0.00% | Addresses with over 1,000 |
| 2024-05-05 14:00:00 | 102 | 0.00% | Addresses with over 10,000 |
| 2024-05-05 14:00:00 | 3 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The Bitcoin Address Indicators table provides valuable insights into the current state of Bitcoin adoption and activity. The increasing number of total addresses demonstrates the growing interest in Bitcoin, possibly fueled by investor demand and acceptance from businesses. The rise in active addresses further confirms the sustained engagement and usage in the Bitcoin network. However, caution should be exercised as the effective utilization of these addresses cannot be determined solely from the provided data. Despite this limitation, the evidence from the table supports the conclusion that Bitcoin continues to gain traction and maintain an active user base.
Disclaimer – Informational Content, Not Investment Advice
Content provided herein is solely for informational purposes and should not be construed as a recommendation, endorsement, or suggestion to engage in any form of investment activity. The information presented in this post is not intended to serve as financial, legal, tax, or investment advice.
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