Bitcoin's Network Waking Up in a Big Way
๐ Bitcoin's on-chain activity has seen sharp rises this week as its price hovers just below $105K:
๐ May 29th: 556,830 new $BTC wallets created (Highest since December 2, 2023)
๐ June 2nd: 241,360 coins circulated (Highest since December 8, 2024)
Growth in a network's on-chain activity is generally a good sign. This is something to keep an eye on as crypto markets range. ๐
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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