Accumulate

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Bitcoin’s price surge faces uncertainty as new address creation stalls, raising questions about rally sustainability.</strong></li> 
 <li><strong>Whales accumulate BTC despite network growth slowdowns, while exchange inflows hint at mixed sentiments.</strong></li> 
 <li><strong>Regulatory pressure and technical challenges complicate Bitcoin’s market outlook, making the future uncertain.</strong></li> 
</ul> 
<p>Despite the recent surge in Bitcoin’s price, reaching a high of $44,000, there’s a growing concern over the stagnation in Bitcoin network growth. An increase in new addresses typically supports a healthy and sustainable bull rally in the cryptocurrency market. However, recent data suggests a noticeable dip in new Bitcoin address creation, casting doubts on the longevity of the current price uptick.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">There's been a noticeable dip in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> network growth over the past month, casting doubt on the sustainability of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a>'s recent move to $44,000.<br><br>For a robust continuation of the bull rally, it's crucial to see an uptick in the number of new <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> addresses. This would provide… <a href="https://t.co/WkrjxLkZMI" target="_blank" rel="nofollow">pic.twitter.com/WkrjxLkZMI</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1736637268608106933?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 18, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-btc-whales-accumulate-as-new-addresses-decline"><strong>BTC Whales Accumulate as New Addresses Decline</strong></h2> 
<p>Interestingly, while the overall network …</p>
<p>The post <a href="https://coinedition.com/btc-network-growth-stagnates-rallys-sustainability-questioned/">BTC Network Growth Stagnates, Rally’s Sustainability Questioned</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BTC Network Growth Stagnates, Rally’s Sustainability Questioned

Table of Contents

Coin Edition

Other articles published on Dec 18, 2023

Bitcoin Ends 11-Weak Inflow Streak With $33 Million Outflow On Profit Taking As Solana Steals The...

How high will XRP go in 2024: Experts XRP price predictions

MoonBoiUniverse: Solana Phones Soar to $5,000 Amidst Virtual Gaming Boom.

Investment Guru’s Bold Prediction for Bitcoin in 2024

Legendary Trader “Shorts” Ethereum (ETH) to $650; Correction Ahead?

Record Token Burns in the Avalanche Network

Join our free newsletter for daily crypto updates!