Bitcoin Daily Active Addresses Surpass 800,000 Amid Price Rally
On-chain data indicates a rise in Daily Active Addresses for Bitcoin, now exceeding 800,000. This metric tracks the number of BTC addresses involved in transactions daily.
Key Points
- Daily Active Addresses have seen an increase, suggesting heightened user interest in Bitcoin.
- A recent chart shows growth in user activity following a price rally.
- Increased blockchain activity often occurs during volatile market periods.
- Sustainable price rallies typically require a corresponding rise in active addresses.
- The current value of 800,000 is lower than last year's peak of 900,000 and significantly below the 1.2 million high during previous bull markets.
BTC Price
Bitcoin's price has stabilized around $94,800 over the past few days.
