Bitcoin welcomes more newcomers as price remains relatively stable
AMBCrypto
18 Sep 2023 12:30 AM
Bitcoin's address boom signals fresh investor interest while bullish sentiment prevails. Despite lagging volume, optimism fuels anticipation of a price rally....
- The number of new Bitcoin addresses has spiked to its highest in over five months, with over 768,000 addresses created on September 15.
- The surge in new addresses coincides with Bitcoin's price reaching approximately $26,000 and maintaining that level.
- The number of active addresses engaging in BTC transactions has grown by nearly 1 million over the past eight days.
- Despite the increase in new and active addresses, Bitcoin's trading volume has been consistently decreasing.
- The overall sentiment surrounding Bitcoin remains positive, with traders anticipating a price increase.
The overall sentiment surrounding Bitcoin remains positive, as traders anticipate a price increase. Despite minor declines, the funding rate remains in positive territory.