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- Bitcoin’s social activity has hit a yearly low, despite the cryptocurrency maintaining its position in the $61,000 price zone.
- Despite the drop in social activity, Bitcoin continues to dominate discussions within the crypto space.
- Bitcoin’s 24-hour active addresses show a significant volume of activity on the network, despite the recent dip.
Bitcoin’s social activity hits a yearly low, but the cryptocurrency remains active in the $61,000 price zone. Despite the drop, Bitcoin continues to dominate discussions within the crypto space.
Bitcoin’s Social Activity Hits Yearly Low
Recent data from LunarCrush indicates that Bitcoin’s social activity has dropped to its lowest level this year. Despite this decline, Bitcoin still maintains a significant presence in discussions within the crypto space. The network remains active, indicating ongoing engagement and participation despite the decrease in social activity.
Bitcoin Struggles to Maintain $61,000 Price Range
Bitcoin’s price has been struggling to maintain the $61,000 price range, which could be a contributing factor to the decrease in social activity. Despite this, Bitcoin continues to dominate discussions within the crypto space, with its Social Dominance remaining within the 26% range.
Bitcoin’s 24-hour Active Addresses Show Significant Activity
Despite the recent dip in Bitcoin’s price and social activity, the number of 24-hour active addresses remains high. At the time of writing, the number of active addresses was around 721,000, signifying a considerable volume of activity on the network.
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Conclusion
Despite hitting a yearly low in social activity, Bitcoin continues to maintain a significant presence in the crypto space. The cryptocurrency’s price struggles to maintain the $61,000 price range, but the number of 24-hour active addresses remains high, indicating ongoing engagement and participation on the network.
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