@$66712: Growth in New Bitcoin Entities Remains Slow
Growth across key BTC network metrics has remained quiet in the last few days despite a significant jump in its price. The total number of BTC transaction counts and new Bitcoin entities are not growing at the same pace as its price.
Overall, the total number of transactions per day across the Bitcoin network remained well below the peaks seen in H1 of 2021. Currently, the transaction count stands at 225,000/day compared to a peak of 325,000/day in January 2021.
In terms of new entities, the figure currently stands near 110K per day, compared to 180K per day in January 2021. Since the start of 2021, the price of Bitcoin has increased by more than 140%.
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