BTC Daily Active Addresses Show Signs of Recovery The daily active addresses count for BTC has been on a steady decline since March, dropping from over 1.2 million to below 600,000 in July. This downward trend has been a cause for concern among Bitcoin investors, as it could indicate a lack of interest in using the cryptocurrency for daily transactions. However, recent data shows that the daily active addresses count for BTC has started to recover, reaching over 700,000 in August. This suggests that there is renewed interest in using BTC, which could potentially lead to an increase in demand for the cryptocurrency. What Could Fuel the Demand for BTC? One factor that could fuel the demand for BTC is the growing adoption of cryptocurrencies by mainstream companies and institutions. Tesla's $1.5 billion investment in BTC and its plans to accept BTC as payment for its products have brought more attention to the cryptocurrency and its potential as a store of value. In add...
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