Bitcoin Network Sees Lowest New Addresses Created Since 2018 | • CRYPTO NEWS • #BTC • #ETH •
Bitcoin Network Sees Lowest New Addresses Created Since 2018
Bitcoin (BTC) network activity has significantly declined in the creation of new addresses, hitting its lowest point since July 2018. Data from the market intelligence platform IntoTheBlock reveals a 7-day average of only 276,000 new Bitcoin addresses. The low numbers show a significant decline in new investors entering the crypto space, a sharp drop from 625,000 six months ago. The “New Addresses” indicator tracks the daily creation of new wallets on the BTC network. High metrics typically signify an influx of new investors.
