The number of Bitcoin network addresses is gaining momentum
November 26, 2024
On November 26, the BTC network reached a record high — 1 million daily active addresses.
This figure reflects the increased interest of retail investors, who are becoming key market participants.
The growth in activity is linked to the rising number of users utilizing the digital asset not only for investments but also for payments, making the market more resilient.
Opportunities for the market
Many analysts believe that approaching the 1 million active addresses milestone is a signal of future price growth.
According to data, over 458,000 investors have already purchased the virtual currency at a price above $96,700, creating a strong foundation for a new surge.
The popularity of BTC-ETF is rising, as evidenced by an inflow of $2.4 billion in one week. Investors see blockchain currency as a promising hedge against inflation.
Technologies like the Lightning Network are accelerating and lowering transaction costs, making the crypto asset more convenient for payments and savings.