Bitcoin's wild price fluctuations attract new users, but active addresses decline. Is the network thriving amidst the volatility?
Although it encountered mixed trends, the overall increase has been impressive. As of this writing, the observed count of new addresses had surpassed 490,000. In the first month of the first quarter, the number of new addresses exceeding 490,000 was only achieved once.
The peak number of new addresses occurred on 6 April, surpassing 570,000. During this period, Bitcoin was trading at approximately $28,000.active addresses metric, we observe that while there have been activities, they haven’t precisely mirrored the increase in new addresses on the network. A closer look at the chart showed that the number of active addresses decreased since approximately June. As of this writing, the count of active addresses was around 370,000, and the chart indicated this decline in activity.According to Santiment, normal activities were observed upon analyzing thevolume chart, except for a notable spike on 20 July. This spike was significant, as the volume surged to over 93 billion.
To put it in context, the average volume had been hovering around 10 billion, occasionally spiking to 20 billion or 30 billion. As of this writing, the volume was around 10.6 billion.
France Dernières Nouvelles, France Actualités
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