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Bitcoin’s network activity is at its highest since 2017 as bulls awaken

From cryptoslate.com

Bitcoin just set fresh 2020 highs today, close on the heels of it posting its highest monthly candle seen since mid-December of 2017. The robust market structure formed in the time since BTC broke out of its macro consolidation phase isn’t unwarranted, as the recent push higher has been driven by intense fundamental strength. One such factor that highlights this underlying strength is the crypto’s network activity – which is currently sitting at the highest level seen in over two and a half years. The economic backdrop that the cryptocurrency is currently trading against may also be creating a tailwind that is ... (full story)

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  • Category: Fundamental Analysis