Bitcoin’s Price and Network Activity: One is Faster
Several Bitcoin (BTC) on-chain indicators remain unfavorable. The disparity between active addresses and bitcoin’s price has gotten rather large. Metrics such as network volume may be used to calculate how much money the addresses spend. Several on-chain indices for Bitcoin (BTC) remain unfavorable, implying that a continuation of the recent price rebound may need increasing demand and network fees, according to Glassnode. Sideways rise in transactional demand, active Bitcoin addresses being in “a well defined downward trend,” and decreased network costs were cited by analysts as reasons to dampen investors’ enthusiasm. In the realm of cryptocurrency, there are several relevant
