Is Bitcoin’s Surging On-Chain Volume Bullish, or Just the Result of Recent Rallies?6.2

Although many traders and analysts alike are currently looking towards relatively small Bitcoin price movements for greater insight into where the crypto is heading next, recent data regarding BTC’s on-chain transaction volume may signal that the cryptocurrency is currently incurring greater fundamental strength.

Although this growing on-chain volume certainly looks positive, it remains debatable as to whether or not this is simply the result of a stabilizing market, or if the cryptocurrency is truly finding greater levels of widespread adoption.

Original source

Add comment

Please Sign in to be able to leave comments.