One Metric Is Flashing a Bullish Signal for Bitcoin and Ethereum, Says Crypto Insights Platform IntoTheBlock
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A leading analytics platform says that one crucial metric is flashing a bullish signal for Bitcoin (BTC) and Ethereum (ETH). IntoTheBlock says the number of daily active addresses for both Bitcoin and Ethereum dropped off after surging above $60,000 for the first time in May 2021. The analytics firm now notes that the number of active addresses for BTC and ETH are stabilizing, indicating that more people are using the top two crypto today than before the previous bull run. “For Ethereum and Bitcoin, there was a clear drop off in daily addresses, after the May 2021 for prices.
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