Bitcoin Addresses Surpass 1 Billion Despite Rocky Crypto Market

The number of Bitcoin (BTC) addresses ever created surpassed 1 billion.
This is great news and a clear indicator of high Bitcoin (BTC) adoption.
It is even more exceptional as the milestone came during crypto winter.

As the crypto winter continues to rattle the Bitcoin (BTC) and crypto community, some sparks are still shining through. To highlight, the total number of Bitcoin (BTC) addresses to ever be created has now surpassed 1 billion.

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That’s right, it looks like Bitcoin (BTC) wallets are now over the one billion milestone. This is indeed exciting news for the Bitcoin and crypto community overall. More specifically, it shows that the demand for a crypto-focused future is still very much thriving.

This is especially more thrilling news for the timing could not be more validating. The current atmosphere in the crypto world is quite harsh due to the ongoing crypto winter. In fact, according to the Crypto Fear & Greed Index, we are still in the ‘Extreme Fear’ stage.

However, the number is now pointing at 16. This is a remarkable increase from the single digit on the index that powered through the last few weeks. Indeed, it certainly looks like more crypto investors are slowly warming up to the idea of an inevitable crypto recovery.

From the responses to the tweet, we can see that most crypto fans and enthusiasts are constantly and steadily buying the Bitcoin and crypto dip. More so, many have expressed that they are bullish on Bitcoin (BTC).

In another tweet, Delphi Digital highlights how Bitcoin (BTC) has experienced a 69% drawdown in comparison to its last all-time high in November 2021. Similarly, Binance Coin (BNB) is down by 64%.

In line with that, Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM, and Polkadot (DOT) are also down. In particular, their fall ranges between 72%-85% during the same time period.

Presently, the price of Bitcoin (BTC) is $19,631, according to CoinGecko. Perhaps as more and more Bitcoin (BTC) buyers steer the Crypto Fear & Greed Index towards the green indicator, we may see the price of Bitcoin (BTC) shoot up once again.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.