How Bitcoin’s recent surge affected trading volume
AMBCrypto
16 Sep 2023 12:30 AM
Bitcoin's recent surge sparks record active addresses. Alongside, on-chain transactions witness a spike, trading volume remains steady, and BTC exits exchanges, hinting at market shifts....
- The number of active Bitcoin addresses recently reached its highest point in the past five months, surpassing 1.1 million.
- The ratio of daily on-chain transaction volume for profit to loss also spiked to its highest level in recent weeks.
- The 30-day active address metric showed a slight uptrend, increasing from approximately 18.1 million to over 18.2 million.
- Despite the increased activity, the trading volume for Bitcoin has remained relatively stable at around $13 billion.
- BTC outflows from cryptocurrency exchanges have been dominant, with a netflow of approximately -4,680 BTC.
The article provides positive news about the surge in active Bitcoin addresses and on-chain transaction volume. However, it also highlights the steady trading volume and BTC outflows from exchanges.
You May Ask
How many active Bitcoin addresses recently reached their highest point in the past five months?What was the highest level reached by the ratio of daily on-chain transaction volume for profit to loss?How much did the 30-day active address metric increase from its initial value?What is the current trading volume for Bitcoin?What is the netflow of BTC from cryptocurrency exchanges as of now?