Bitcoin Network Utilization At All-Time Low — What This Means For The Bear Phase
Bitcoin Network Utilization At All-Time Low — What This Means For The Bear Phase
Bitcoin has experienced an uncertain week, with its price struggling to remain above water after encountering resistance at the $69,000 level. Geopolitical tensions in the Middle East are influencing global financial markets. Furthermore, recent on-chain data indicates that Bitcoin network utilization has hit an all-time low, suggesting a potential continuation of the current bear phase.
It has been another week of uncertain movements for the Bitcoin price, with the global financial markets moving to the whims of the ongoing tensions in the Middle East. The premier cryptocurrency has struggled to stay afloat after hitting a roadblock at the $69,000 resistance level earlier in the week. The latest on-chain data has […]