Bitcoin transactions hit record high in January

Bitcoin traders achieved a record-breaking January with network activity surging to over 22.3 million unique addresses getting in on the action.

No doubt this is because of the recent bullish run that has sent the price of the digital gold on an upward growth trajectory. This coincided with unprecedented social media interest for the currency.

Glassnode, a company that tracks data from the crypto world, has said that sending and receiving BTC increased significantly during January, and that it was the highest monthly number of transactions since the currency launched back in January, 2009.

This means that the new record has beaten the last one which was set on December 2017, and amounted to 21 million active addresses.

Just like back then, the price of Bitcoin has been surging. In January, 2021, Bitcoin's value was see-sawing between $30,000 and $42,000, posting interesting results around the clock.

Kraken, a popular exchange, said earlier today that it processed more transactions in January than it did throughout the whole of 2019.

The recent spike in activity is both attributed to the price of the coin, but also the fact that Bitcoin casinos have been offering worthwhile ways to spend the currency.

Projects such as Bitcasino.io, 1xBit and BitStarz have been some of the most trusted casino sites where to spend BTC, or even win a jackpot in the denomination.

Americas Card Room, an online poker site, said that it's facing huge processing-volumes, because poker players are trying to cash out on Bitcoin and prefer to make bets, play, win and lose in BTC.

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Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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