Bitcoin Active Addresses At 2020 Level — What’s Happening?
Summary
Bitcoin's price in June fluctuated between approximately $100,500 and $111,000, maintaining a valuation above $100,000 despite lacking strong bullish momentum. Over the past week, BTC exhibited relative price stability with modest bullish movements, reflecting mixed market sentiment. Active addresses on the Bitcoin network are at levels comparable to 2020, indicating a lack of market euphoria. This inactivity may stem from investor disillusionment or a strong long-term conviction in Bitcoin as a store of value. However, low readings from on-chain and spot volume suggest minimal global interest. Currently, Bitcoin is valued at about $103,290, with a 1% decline in the last 24 hours and a 2.4% decrease over the past week.
