Number of New Bitcoin Addresses per Day Hits Two-Month High

IconCryptoNewsTerminal Staff09 Jul, 2024

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Number of New Bitcoin Addresses per Day Hits Two-Month High

Bitcoin's network activity has seen a surge in recent weeks, with the 7-day moving average of new Bitcoin addresses hitting 31,700 on July 5. This marks a notable 20% increase from the previous week and represents the highest level of new addresses in the past two months. This surge in new addresses suggests a growing interest in Bitcoin and could potentially indicate an increase in adoption. It is worth noting that the number of new addresses created on a daily basis can fluctuate due to various factors, including market sentiment, price movements, and network activity. Nevertheless, the sustained increase over the past few weeks is a positive sign for the health of the Bitcoin ecosystem.

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