Bitcoin’s Active Wallets at 2021 Bear Market Levels, But Price Holds

Quick Summary:

Active Addresses, a vital metric reflecting the number of wallets participating in transactions, has historically been a gauge of market sentiment.

The current state of Bitcoin’s Active Addresses points towards a pivotal moment in the cryptocurrency market.

As per CryptoQuant data, during previous market cycles such as in 2017 and 2021, a sharp decline in […]

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: Price Analysis News Bitcoin Market Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 17:50:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 163 words

Reading Time: 1 minutes read

Sentences: 53 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22353462

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 24 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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