Bitcoin's address boom signals fresh investor interest while bullish sentiment prevails. Despite lagging volume, optimism fuels anticipation of a price rally.
has witnessed notable surges in the creation of new addresses in recent days. The first significant uptick occurred around 9 September, with the number of new addresses spiking to over 717,000.
However, the most substantial surge transpired on 15 September when the number of addresses reached over 768,000. As of this writing, the figure has slightly decreased to around 666,000.Despite this minor decline, it was evident from the data that this represented the largest influx of new users in the past five months. Furthermore, this surge in new addresses coincides with Bitcoin’s price reaching approximately $26,000 and maintaining that level.
Although there has been a slight dip in the last two days, the price has remained above the $26,000 mark.Santiment’s seven-day active addresses metric indicated a recent uptrend in the number of active addresses. A closer examination of the chart revealed a noticeable upward trajectory that commenced around 9 September, when the count reached approximately 5.1 million active addresses.
As of this writing, the tally of active addresses has nearly reached 6 million. This surge signified that the number of addresses engaging in
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