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BTC Address Count Continues to Grow Despite Lingering Price 3m ago by coinedition.com

The cryptocurrency trader and analyst Ali tweeted yesterday that the number of addresses for BTC has been on the rise.

According to the post, around 527,000 new addresses are being created daily.

Meanwhile, technical indicators suggested that BTC’s price may drop in the coming few days.

The cryptocurrency trader and analyst Ali revealed in a tweet yesterday that more people are showing interest in the market leader Bitcoin (BTC). According to the post, approximately 527,000 new addresses are being created on the Bitcoin network daily, which is a new yearly high.

As #Bitcoin continues to fluctuate around $26,000, an interesting trend emerges. Around 527,000 new $BTC addresses are being created daily, representing a new yearly high!

For those unfamiliar, this suggests more people are showing interest in #BTC, even if its price has seen… pic.twitter.com/7O0NcoJjMz

— Ali (@ali_charts) September 8, 2023

Despite BTC’s price fluctuating around $26,000, the analyst stated that the increase in the number of addresses in the leading cryptocurrency is a long-term bullish indication. Furthermore, he noted that this growth is a positive sign of sustained interes…

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