Bitcoin sees 3-month high in new addresses following spike to $31,000
Bitcoin (BTC) metrics signal mixed sentiments amid the recent spike to $31,000. Notably, while the number of new addresses on the bitcoin network recently surged to a three -month high, a drop in fees to a four -month low might suggest decreasing network activity. On-chain data provider Glassnode revealed these metrics in two separate disclosures. According to the blockchain data resource, the number of new addresses on the bitcoin network recently skyrocketed to 20,360. #Bitcoin $BTC Number of New Addresses (7d MA) just reached a 3-month high of 20,360.107 View metric:https://t.co/tDzY9Fl7QL pic.twitter.com/vu4qIBRUso — glassnode alerts (@glassnodealerts) July 11, 2023 The last time the network observed such many newly-added addresses over the seven-day moving average was in April. This metric indicates a significant increase in user activity and interest in the world’s leading cryptocurrency. You might also like: Arkham is allegedly privacy trafficking...