It appears Bitcoin (BTC) and Ethereum (ETH) devotees have been becoming progressively dynamic during the previous scarcely any days, propose the system details gave by an on-chain examination firm Glassnode, demonstrating some ever highs.

Most importantly, both Bitcoin and Ethereum systems arrived at new unequaled highs in addresses holding specific measures of coins.

The Bitcoin arrange has recently seen new highs in addresses holding finally BTC 0.1, while simultaneously there are 2,163 wallets holding BTC at least 1,000 – another three-month high.

The same goes for Ehtereum, which recently saw new all-time highs in numbers of addresses holding at least 0.010.1, and ETH 1.

There were more than a million wallets that have ETH 1 or more recorded by Glassnode on June 22, and close to 7.9 million addresses with a bare minimum of ETH 0.01.

There is also a new record of non-zero ETH addresses, which stands at more than 42 million.

The total number of active Ethereum addresses (1-day moving average) has reached a new one year high.

A surge in activity on Ethereum can also be observed in its transaction volume, which increased more than 100% on June 22. Bitcoin’s transaction volume has grown by whopping 135%

Consequentially, the number of ETH transactions has reached a new 6-month high yesterday. Furthermore, the increase of on-chain activity has also led to a new record of total gas usage, as well as 3-month highs in total and mean block sizes

The surge in activity is also reflected in another 3 month-high of bitcoin and ethereum realized prices, which stand at USD 5,795.48 and USD 208.32 respectively, indicating that buyers are willing to enter BTC and ETH positions at a higher cost in terms of USD.

Last but not least, Bitcoin realized market capitalization reached a new all-time high of USD 106.7 billion, meaning that there is a record amount of USD invested in bitcoin.

And from the looks of it, it does not seem like those BTC are going to be sold soon, as the number of bitcoin on exchanges reached a one year low.

The amount of USD that buyers invested in BTC just made a new all-time-high,” commented crypto trader and analyst Luke Martin, aka Venture Coinist, on a record set four days ago. “Realized market cap measures the value of all coins at the price they last transacted. Price isn’t there yet, but conviction is,” he concluded.

At pixel time (15:52 UTC), BTC is changing hands at USD 9,696. It went up 2.05% in a day and 2.51% in a week. Meanwhile, Ethereum is trading at USD 243, having appreciated 1.79% in 24 hours and 4.78% in 7 days.

source:
https://cryptonews.com/news/bitcoin-and-ethereum-networks-witness-new-all-time-highs-6921.htm

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