Bitcoin

In August 2023, Bitcoin address activity has reached a peak not seen in 3.5 months. The surge in activity suggests that the BTC price is gearing up for the next bull run, and this comes amidst a period of low volatility.As August begins, the Bitcoin address activity has shown a remarkable increase. Despite the BTC price consolidating around $29,000, this surge in address activity suggests a potential <a href="https://cryptosheadlines.com/dogecoin-price-bounces-back-following-2023s-biggest-doge-shorting/" rel="noopener noreferrer nofollow">bounce back in the short</a> term.In August, the utilization of <a href="https://cryptosheadlines.com/bitcoin-drops-to-27-5k-as-number-of-btc-addresses-reach-all-time-high/" rel="noopener noreferrer nofollow">Bitcoin addresses reached</a> its highest point in 3.5 months. Alongside this rise in activity, there have been significant loss transactions and negative sentiment. These factors combined <a href="https://cryptosheadlines.com/crypto-market-crashes-as-bitcoin-breaks-key-price-indicator/" rel="noopener noreferrer nofollow">indicate a high probability of a short-term price</a> bounce for BTC, as explained by Santiment. <a href="https://cryptosheadlines.com/bitcoin-address-activity-signals-short-term-price-jump/" rel="noopener noreferrer nofollow">Read More...</a>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>

Bitcoin Address Activity Signals Short-Term Price Jump

CryptosHeadlines.com

Other articles published on Aug 4, 2023

Tether's Bitcoin Holdings Expand Amid Surplus Reserves

Is Joe Biden promoting Bitcoin?

Coinbase Plans to File a Filing to Seek Dismissal of the SEC’s Case!

Coins With Competitive Advantage In August To Buy – Quant, Monero And Pomerdoge

Actor Adam DeVine appears in new Bitget exchange ad

Dissecting diverse ERC token standards

Join our free newsletter for daily crypto updates!