It still has some way to go before it crests the record of around $830 billion set back in January 2018. But your Twitter feed is once again rife with notes about crypto and some of your friends have become insufferable once again.
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After all, the price of every damn thingis inflated today, so seeing bitcoin set an all-time-high felt more appropriate than strange. Does the data show that theres activity behind the valuation hype?
Per the charting section fo, bitcoin unique addresses used a proxy for the coins popularity is up some in recent weeks, and up more generally in 2020. It remains below historical highs.>
As 2020 comes to a close, the cryptocurrency world is experiencing anotherlate-year surge of consumer interestas pricesclimb in value. Bitcoin is over $23,000 as I write to you, an all-time high. Ethereums cryptocurrency has recovered sharply as well, returning to mid-2018 prices.
the burgeoning decentralized finance (DeFi) space and other aspects to get a picture of whats going on beyond mere price records.These gains have created a huge amount of wealth for crypto holders. According toCoinMarketCap,the value of all cryptos has surged to nearly $659 billion.but lets start with some old bitcoin-flavored favorites.The tweets and the friends have something of a point. This morning I went around the internet with a basket,the distributed app (Dapp) market,collecting information about active bitcoin wallets,We have a few metrics to peek at,after falling under $140 billion in mid-March during the market selloff surrounding the beginning of COVID-19s battering of America,