Bitcoin’s immense rally in recent days brought another development – according to recent reports, BTC has had more than a million active addresses for five consecutive days. This activity is an indication that another all-time high may inevitably be tested.
What is more, this data is a good indicator for BTC’s overall health as a cryptocurrency, as well as for the health of its networks. According to the same recent data, 9,200 individual nodes were added to the BTC network for the past 10 months of 2021, which is a 111% growth rate in operating hardware YTD. The network currently has 11,464 KN nodes online.
It should be noted that the daily active BTC wallets are a good indication for a further price jump, as there has been a positive impact has always been observed when a jump in the number of active BTC wallets.
Source
Personally, I think we may see a Bitcoin rally to 70k USD by the end of this year.
What is more, this data is a good indicator for BTC’s overall health as a cryptocurrency, as well as for the health of its networks. According to the same recent data, 9,200 individual nodes were added to the BTC network for the past 10 months of 2021, which is a 111% growth rate in operating hardware YTD. The network currently has 11,464 KN nodes online.
It should be noted that the daily active BTC wallets are a good indication for a further price jump, as there has been a positive impact has always been observed when a jump in the number of active BTC wallets.
Source
Personally, I think we may see a Bitcoin rally to 70k USD by the end of this year.
