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Cryptocurrency analytics firm CryptoQuant has highlighted a positive shift in Bitcoin’s network fundamentals, citing a number of key metrics that suggest increasing strength in the asset’s value proposition.
According to the firm’s latest report, Bitcoin’s hashrate recently hit an all-time high, reflecting intense mining competition and leading to mining difficulty rising to unprecedented levels.
According to analysts, increasing hashrate and difficulty are indicators that Bitcoin’s intrinsic value is rising, making it a more attractive investment for institutional investors, often referred to as “Smart Whales.” CryptoQuant noted that this rise means increased trust among miners, who are pouring more resources into the network, thus increasing its security and resilience.
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In addition to the hashrate increase, the report also noted an increase in the number of active Bitcoin addresses. Over the 30-day period since mid-September, active addresses have steadily increased, while total transaction fees have also increased. This increase in on-chain activity is typically associated with bull periods, according to the analytics firm, as increased network participation often coincides with price rallies.
“When Bitcoin goes up, the number of active addresses and on-chain transactions increases, and network fees tend to follow suit,” CryptoQuant said in its analysis. The firm concluded that Bitcoin’s current metrics mirror patterns observed during previous bullish cycles, suggesting that the long-term outlook remains positive even if BTC experiences a short-term correction or consolidation.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analysis-company-announced-bullish-signs-in-bitcoin/" rel="noopener noreferrer nofollow">Analysis Company Announced: “Bullish Signs in Bitcoin!”</a>

Analysis Company Announced: “Bullish Signs in Bitcoin!”

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