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Bitcoin Sees Increased Network Activity Despite Struggling at $80K: What’s Next for BTC Price?
Despite its struggle to break above the critical resistance of $80,000, Bitcoin has seen a surprising surge in network activity. The recent decision by Donald Trump to pause tariff increases and signs that inflation is slowing down have put a temporary halt to the recent selling trend in the market. Consequently, more holders are buying Bitcoin again, sparking speculation that it could potentially reach $100,000 this month.
However, sellers continue to dampen hopes of a strong bullish comeback. Amidst this mix of conflicting signals, activity on the Bitcoin network has increased significantly. Data from Blockchain.com reveals that the Bitcoin hashrate, a metric used to measure the amount of computing power securing the network, reached an all-time high of 924.98 EH/s.
In the last week, there was a significant rise in daily transactions (12.7% increase) and a 16% surge in new Bitcoin addresses being created. This data indicates that more traders are now participating in the market.
Source: https://coinpedia.org/price-analysis/bitcoin-sees-increased-network-activity-despite-struggling-at-80k-whats-next-for-btc-price/
