Multiple analytics firms state that Bitcoin (BTC) network activity is increasing despite volatile market conditions.
Santiment announced that the number of daily active addresses of Bitcoin reached 1.02 million on Thursday. This reveals that the number of one million was exceeded three days in a row.
“The last time this threshold (1 million) was crossed three days in a row was from December 1-3 when Bitcoin was worth between $56,000 and $57,000”
Another crypto analytics firm, IntoTheBlock, noted that Bitcoin has seen an increase in transfers of over $100,000 to the chain.
“Bitcoin saw a strong increase in institutional activity this week, with over $1.5 trillion transferred in transactions over $100,000”
Bitcoin traded over $42,615 at the time of writing he sees.
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