An update of the BTC industry reveals some impressive things. Bitcoin, the world’s most popular cryptocurrency, has had more than a million active addresses for five consecutive days. News came from Santiment, a popular on-chain analysis platform. It revealed that :…This rise (of active BTC wallets) is an encouraging sign that another all-time high can inevitably be tested,”
Moreover, BTC overall health and that of its networks is superb. There are indicators of a stable BTC environment with super-fast networks that reveal a spike in growth over the last couple of days. The Co-Founders of Glassnode, Yann and Jan, revealed that 9 200 individual nodes were added to the BTC network over the last 10 months of this year. The pair commented that, “This is a 111% growth rate in operating hardware YTD. The network currently has 11,464 LN nodes online,”
Its common ground is that the daily active Bitcoin wallets have been indicative of the potential price of the coin. A positive impact has always been observed when a jump in the number of active BTC wallets was felt. The impact is directly felt on the price of the crypto asset.
On October 20th the token reached a record-high price if $66 8000, and has stayed above $60 00 since then.
