2024

Bitcoin

Million

Drops

Daily

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 <li><strong>Daily active addresses of Bitcoin are approaching the 1 million mark with a prolonged increase of scale since 2021.&nbsp;</strong></li>
 <li><strong>458K addresses brought 344k BTC above the $97,000 price level, laying a strong foundation for Bitcoin to cross the $100K mark.&nbsp;</strong></li>
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<p>The daily active addresses on the Bitcoin blockchain are witnessing a substantial increase and are approaching the 1 million mark, as per IntoTheBlock market intelligence platform. As Bitcoin is marching towards the $100k level, the on-chain activity is rising with the increased interest among Bitcoin users.</p>
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  <p dir="ltr" lang="en">Bitcoin’s long-term activity trend has decisively shifted, with on-chain activity seeing significant growth.<br><br>The number of daily active addresses is approaching 1 million, representing the first prolonged increase of this scale since 2021. <a href="https://t.co/PheqxY52ej" rel="noopener noreferrer nofollow">pic.twitter.com/PheqxY52ej</a></p> — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1861338230676721786?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 26, 2024</a>
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<p>&nbsp;Market intelligence and data analysis platform, IntoTheBlock posted on X depicting the rise in daily active addresses of Bitcoin from 2014 to 2024. The chart represents a prolonged increase in the number of active addresses which was recorded last time in 2021.</p>
<p>While the long-term activity of Bitcoin has clearly shifted and is on an upward movement, the on-chain activity is witnessing a significant growth. After a continuous spike in Bitcoin’s price for the last month, it is currently on a short-term downward trend. Despite the downfall, the on-chain activity is still on the rise, with several Bitcoin enthusiasts believing BTC will reach $100k by the end of 2024.</p>
<h3 id="h-bitcoin-to-go-beyond-100k-intotheblock" class="wp-block-heading">Bitcoin To Go Beyond $100K: IntoTheBlock</h3>
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  <p dir="ltr" lang="en">The battle for $100k <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> rages on. <br><br>While 60k addresses acquired 22.74k BTC above the current price, the real highlight is the growing support below: <br><br>458k addresses have amassed a staggering 344k BTC. A strong foundation to fuel a move beyond $100k <a href="https://t.co/jJ9zqSX1kR" rel="noopener noreferrer nofollow">pic.twitter.com/jJ9zqSX1kR</a></p> — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1860974070696685992?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a>
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<p>In a different post by IntoTheBlock, the data intelligence platform talked about the number of BTC addresses and the different price levels at which they accumulated Bitcoin.</p>
<p>While 60,000 addresses bought more than over 22,700 BTC above the $90,000 price level, 458k addresses amassed more than 340,000 BTC <a href="https://thenewscrypto.com/microstrategy-acquires-55500-btc-total-holdings-reach-386700/" target="_blank" rel="noopener noreferrer nofollow">above the $97,000 price level</a>. IntoTheBlock refers to these statistics as a strong foundation for Bitcoin’s price to go beyond $100K.</p>
<p>On another note, <a href="https://thenewscrypto.com/bitcoin-dips-to-93k-and-stabilizes-at-94k-amid-liquidation-spike/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin fell back to $92,000 to $94,000 range</a> after rising slightly less than&nbsp; the $100K mark last week. Despite the dip, the community is still confident about Bitcoin, referring to the dip as a healthy pullback before Bitcoin finally reaches the $100K.</p>
<p><strong>Highlighted Crypto News Today:</strong></p>
<p><a href="https://thenewscrypto.com/bitcoin-faces-worst-drop-since-trumps-win-drops-below-100000/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Faces Worst Drop Since Trump’s Win, Drops Below $100,000</a></p>
<p>&nbsp;</p>

Bitcoin Daily Active Addresses Approach 1 Million Despite Price Dip

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