LIVETHE RATE OF NEW BITCOIN WALLET OPENINGS HAS FALLING TO A SIX YEARS RECORD LOW
The seven-day average number of new addresses on the Bitcoin network has fallen to its lowest level of 2018, analysts at The Block Researches have announced.
Last week, the network opened an average of 275,000 addresses per day, down from 625,000 just six months ago.
The Block experts agree that the decline in the number of new addresses and reduced bitcoin investor activity reflects a general decline in enthusiasm and the degree of expectation for explosive growth of the flagship crypto asset post-halving.
Notably, the downtrend has also affected other VTS-related metrics. For example, miners' commission income declined amid record low Bitcoin network hashing and on-net transaction volume.
Amid the temporary stagnation of the digital asset market, the flagship cryptocurrency continued its monthly drift between $66,400 and $68,300. Since April 15, the cost of the first cryptocurrency in terms of capitalization has failed to demonstrate decent growth dynamics and significantly approach the values of March.
According to the conclusions of the experts of 10x Research. the price revolves around the resistance zone of the end of April - $68,000. At the same time, 10x Research predicts that if the resistance zone is broken, bitcoin has the potential to reach new all-time highs. Experts of 10x Research give an optimistic market forecast, but expect that the uptrend will develop slowly against the background of volatility of the asset and expectations of price turbulence.
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