Bitcoin Network Activity Increased Up To July` Value

Against the background of yesterday’s first cryptocurrency`s price increase, user activity on the network has significantly increased as well. Analytic agency Glassnode informs the number of addresses rose to last July value. Recall that at that time the market was in a bullish growth.


Source: glassnode.com

Note, this report does not include wallets with multiple addresses. That is, it gives a more accurate picture of the activity on the network.
Recall, in early July 2019, the price of bitcoin reached up to 13 thousand US dollars. Glassnode experts believe that this growth was connected with the arrival of new investors in the industry. This is happening against the backdrop of uncertainty in traditional markets, as well as due to the coming default in Argentina, where people are now very actively buying the first cryptocurrency.

At the time of writing, the Bitcoin exchange rate is $7,500.

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