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Bitcoin network activity down 30% from highs as ‘tepid’ demand mimics mid-2019

2022’s bear is 2019’s bull as Bitcoin active entities number around 275,000 per day in February.
Bitcoin (BTC) is now seeing “tepid” demand just three months after hitting its latest all-time high, according to on-chain analytics firm Glassnode.In a tweet on Feb. 18, researchers flagged a sea change in Bitcoin on-chain activity compared to just three months ago. Bitcoin active entities echo 2019 “mini bull peak”Bitcoin’s descent from $69,000 to $33,000 has been accompanied by a widely-publicized crash in interest from mainstream consumers.Now, the latest data shows that for existing on-chain entities — holders of one or more wallets — the same true.Each day, the Bitcoin network sees around 275,000 active entities transacting, compared to over 400,000 in November 2021.That reduction means that daily active entities are now at the same levels as in mid-2019 and even well below the peak of the last halving cycle in Decembe

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We współpracy z: https://cointelegraph.com/news/bitcoin-network-activity-down-30-from-highs-as-tepid-demand-mimics-mid-2019

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