Bitcoin Breaks the $9, 000 Mark As Bitcoin Addresses Surpass 1 Million Daily Active Use

For the first time in over 13 months, Bitcoin has hit a new peak of over $9, 000 while also hitting an interesting milestone of over a million daily active addresses.

At one time, Bitcoin was reported to be trading at $9, 300 on some exchanges before quickly dropping, and as of this writing, trading at $9, 200 according to CoinMarketCap and other reputable exchanges.

The new stats can be summarized as shown below:

  • This is the highest price of Bitcoin we have seen in 13 months
  • Bitcoin breaks the 1 million daily active addresses for the first time since late 2017
  • On a month-to-date basis, Bitcoin is up 8 percent
  • Over $19 billion worth of Bitcoins traded across crypto exchanges in the last 24 hours
  • Bitcoin dominance rate and share of total cryptocurrency market now stands at 57.1 percent
  • Bitcoin has appreciated by 17.2 percent on a 7-day basis
  • Bitcoin has experienced a 142% price increase year-on-year

The above milestones are interesting considering that the last time Bitcoin first broke the one million active addresses was on November 27th, 2017 when the price of Bitcoin was about $9, 352.

These new statistics are interesting because they point to Bitcoin as doing the transaction volumes of some of the biggest brands in the world.

The current price surge has been attributed to a number of factors with speculation point to the upcoming Facebook cryptocurrency Libra Blockchain announcement and a reveal of its backers, and the entrance of larger players into the market, such as Fidelity and Intercontinental Exchange.