Despite the recent drop in the price of the first cryptocurrency, the bitcoin network has not stopped growing.
According toAccording to analyst Will Clemente, the number of new Bitcoin users continues to break new records.
His graph shows that the network has been growing by 60,000 new users every day. The last record was set in 2017, when the network added 40,000 daily.
This metric shows the difference between new and old users, taking into account "disappearing" users, whose total address balance has become 0.
Analyzing the latest data, Clement believes the market is recovering.
Since mid-May, retail traders have been accelerating the pace of BTC purchases and have already overtaken institutional investors.Bitcoin whales have accumulated 170,000 BTC since May , and continue to accumulate.
Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies
Read this:
The popularity of Bitcoin on Twitter reached a historic high
On December 31, the price of bitcoin reaches a historic high of $ 29,000
Bitcoin rate reaches new historical high of $19865
Популярность биткоина в Twitter достигла рекордного максимума
Bitcoin mining difficulty reaches new high
The cost of unprofitable UTXO in the Bitcoin network has reached an absolute maximum