The bitcoin network is in excellent condition before the approaching halving. Whoever expected cryptocurrencies to be forgotten would be wrong. Analytics companies Arcane and Byte Tree focused on the demand for cryptocurrency. For a change, Glassnode is revealing the number of network users.
Bitcoin Network: Analytics companies focus on Bitcoin
A trio of analytical companies has formed around the cryptocurrency, which regularly monitors condition from a price and technical point of view. In addition to Arcane and Byte Tree, it is also Glassnode. It has recently come up with a report that more and more active wallets have chosen not to sell.
In addition, more and more users. In addition to traditional investors, there are also those who send Bitcoin daily from address to address.
Glassnode wrote on Twitter:
As global markets are plagued with ever more uncertainty, interest in $BTC is increasing.
— glassnode (@glassnode) April 15, 2020
The number of daily new entities on the #Bitcoin network recently peaked higher than it has in over a year.
Read more in our latest article ?https://t.co/gTAXyS2AwG pic.twitter.com/0eAosueDIG
For a change, Arcane focused on the interest in the entire cryptocurrency network. It peaked during the great volatility around March 13. However, interest in using the network is still high.
And what about you? Do you trade or even use cryptocurrencies on a daily basis?
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