Increased network activity helped bitcoin jump above $30,000

Bitcoin (BTC) is trying to hold on to positions above $30,000. The cryptocurrency’s surge is the result of increased network activity. It has been growing since the beginning of August, according to a report by Santiment.
The number of addresses involved in daily transactions reached a three-month high (1.07 million) on August 2.
Network activity has dropped this week, but the total number of wallets regularly sending and receiving funds is still holding above 1 million.

Leave a Comment