Bitcoin is nearing a milestone of one million daily active users, a first since 2019, signaling increased adoption in 2024. Analysts suggest this could propel Bitcoin's price beyond the $100,000 mark. Blockchain analytics firm IntoTheBlock reports a significant rise in Bitcoin's onchain activity, indicating a shift from large investors to retail participants. This trend could stabilize price movements, as retail investors typically cause less volatility. Despite a recent price dip to $92,400, the surge in active addresses remains a bullish indicator, hinting at potential for Bitcoin to hit new highs.
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BTC
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