Bitcoin Sets New Records for the Number of Unique Addresses and Transaction Value

High Risk: Addresses flagged as high risk indicate a strong association with suspicious activity and potential involvement in fraudulent schemes. Caution is advised when dealing with such addresses.
Suspicious: Addresses classified as suspicious may have some indicators of potential risks. Although not necessarily indicative of illicit activities, it is advisable to exercise caution and further scrutiny when engaging with these addresses.
Medium Risk: Addresses labeled as medium risk suggest a moderate level of potential risk. While not as alarming as high-risk addresses, it is still prudent to proceed with caution.
Low Risk: Addresses categorized as low risk indicate minimal or negligible potential risk, providing a higher level of confidence in their legitimacy.

Despite the ongoing bear market, the number one cryptocurrency has recently set some new records.

According to the data from Glassnode, Bitcoin now has over 1 billion unique addresses participating in transactions, which turns out to be the asset’s new all-time high. This number looks even more impressive when compared to 158 million and 148 million unique addresses involved in Ethereum and Litecoin transactions, respectively.

Another striking fact about Bitcoin is that its network was calculated to have settled around $62 trillion worth of BTC in the past 12 months. This number is apparently three times higher than the GDP of the United States.

It is worth noting that Bitcoin has gained some ground over the last month and is now trading at $23,770.12.

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