The number of non-zero addresses has steadily risen in 2023
Market mood remains bullish too
Appetite for Bitcoin [BTC], the world’s largest cryptocurrency, is showing no signs of slowing down. This, despite BTC being around for over 15 years now.
Network growth soars
According to Ali Martinez, more than 700,000 new addresses were created on the network in a single day over the weekend.
The hike in network growth came despite the price remaining largely stable. This means new entrants were driven by Bitcoin’s long-term potential. They were not encouraged by the short-term frenzy that typically drives people to the world of cryptos.
Martinez called the event an “important milestone.” This, because Bitcoin’s network has historically been a proven indicator of long-term growth.
Whales give a signal
Bitcoin’s resilience in the bear market and its clean image amidst an increasingly hawkish U.S. regulatory climate has attracted investors from the traditional market.
For example,
We współpracy z: https://eng.ambcrypto.com/bitcoin-why-a-hike-in-network-growth-may-be-good-news/
