bitcoin slips to 35 7k as daily active addresses hit a 5 month high

Bitcoin drops to $34K as the number of daily active addresses reaches a five-month high.

Bitcoin drops to $34K as the number of daily active addresses reaches a five-month high.

The Bitcoin network has 1.17 million unique active addresses conducting transactions, the highest number since December 2, 2021.

The value of each supply unit is valued at the precise price it moved on-chain or at the last time it was traded to arrive at the realised market capitalization.

The Federal Reserve’s interest rate hike on May 4 triggered a positive reaction in the market at first, but it now appears to be driving selling pressure in the Bitcoin market.

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