The number of new addresses on the Bitcoin network hit a two-month high
Odaily2024/07/09 23:51
By:Odaily
Odaily News According to data from The Block, despite the recent
market downturn, the number of new addresses on the
Bitcoin network has reached a two-month high, with the 7-day moving average (7DMA) recording more than 317,000 new addresses on July 5, compared to just 263,000 new addresses at the beginning of last week, marking a sharp 20% week-on-week increase. At the same time, the seven-day moving average of Bitcoins average transaction fee fell to a low of $1.75. Analysts said the difference highlights an interesting dynamic within the Bitcoin network, where new participants are joining, but that does not necessarily mean higher transaction fees or increased on-chain activity at the moment.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Taiwan Crypto Exchange BitoPro Confirms $11.5M Hack Weeks After Silence
Taiwan-based crypto exchange BitoPro has confirmed that it suffered a major security breach, which resulted in over $11.5 million in digital assets being drained from its hot wallets on May 8, weeks before the platform publicly acknowledged the issue.
DeFi Planet•2025/06/02 21:48

Earn $4,210+ Daily! — Dogecoin (DOGE)→ Bitcoin(BTC) Cloud Mining Income
TheCryptoUpdates•2025/06/02 20:40

Ethereum Set for Possible Breakout Post Long Consolidation
Bitcoininfonews•2025/06/02 20:08

XRP Likely to Rally as Technical Patterns Emerge
Bitcoininfonews•2025/06/02 20:08

Trending news
MoreCrypto prices
More
Bitcoin
BTC
$104,904.87
-0.55%

Ethereum
ETH
$2,559.44
+0.80%

Tether USDt
USDT
$1
+0.01%

XRP
XRP
$2.18
+0.50%

BNB
BNB
$662.77
+0.69%

Solana
SOL
$155.18
-1.07%

USDC
USDC
$0.9998
+0.00%

Dogecoin
DOGE
$0.1934
+0.22%

TRON
TRX
$0.2683
-0.58%

Cardano
ADA
$0.6835
+0.17%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now