Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs

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The number of new $BTC addresses on the network surged to 352,124, marking the highest level since April.pic.twitter.com/GFOHnsokz0 — Ali (@ali_charts) June 29, 2024 A major part of the increase in new addresses can be attributed to recent adoption in the Brazilian market.

According to Glassnode chart data initially shared on social media platform X by crypto analyst Ali Martinez, new BTC wallet addresses have risen steadily over the past week to reach 352,124, their highest level since April.  Interestingly, the chart shows that the recent uptick in new addresses contrasts with a larger decrease in the creation of new addresses since November 2023.

Related Reading: Shiba Inu Army On The Move: 35 Billion SHIB Invade Shibarium However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomBrazil

Topics: Crypto Bitcoin Btc Btcusd Cryptocurrency Market News Glassnode

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 14:30:10 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 71 lines

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Copyright Owner: © NewsBTC

News ID: 21426930

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