Bitcoin’s price remains in a sideways trend, trading just above the $25,000 mark, while the broader cryptocurrency market is mired in a sea of red. On the network side of things, however, Bitcoin is witnessing increased user adoption.
According to the latest data by IntoTheBlock, Bitcoin recorded the highest number of new daily addresses since 2017 this weekend, ranking second highest in history.
A staggering 717,331 new Bitcoin addresses were created on September 9th, representing the highest in five years.
Crypto analyst Ali Martinez revealed that the only previous instance of such a notable surge occurred on December 14, 2017, when a total of 800,180 new Bitcoin addresses were generated.
This was during the Bitcoin bull market when the flagship crypto-asset surged close to $20,000 for the first time, and the increase in new addresses during that period was primarily due to retail investors rushing to participate in the market frenzy.
The latest rise in new Bitcoin addresses could
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