Crypto News

On-Chain Metrics Indicate Strong Investor Demand When it comes to assessing the health and sustainability of a cryptocurrency's price movement, on-chain metrics are a valuable tool. These metrics provide insight into the activity of investors and can help determine whether a price movement is being driven by short-term speculation or long-term confidence. One key on-chain metric for Bitcoin is the number of active addresses on its blockchain. This refers to the number of unique addresses that have been involved in transactions on the network within a given time frame. Currently, the number of active Bitcoin addresses is at an all-time high, indicating a strong level of demand and activity from investors. Hashrate and Mining Difficulty Remain High Another important on-chain metric for Bitcoin is its hashrate, which refers to the total computing power being used to mine new Bitcoin blocks. A high hashrate indicates a strong level of network security and also suggests that miner...