• Bitcoin active addresses recently surged to a 5-month high.
• BTC’s volume has, however, remained the same.

The recent rise in the price of Bitcoin [BTC] has led to an increase in on-chain transactions. With this rise in transaction activity, have there been any notable impacts on other aspects?

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Bitcoin sees active addresses and on-chain transactions

According to a Santiment post, the number of active Bitcoin addresses recently reached its highest point in the past five months. On 14 September, the chart displayed an increase to over 1.1 million active addresses.

While the number of active addresses had surpassed 1 million before, it had never exceeded 1.1 million until now. As of this writing, there were approximately 268,000 active addresses.

Furthermore, the Santiment chart indicated a simultaneous surge in the ratio of daily on-chain transaction volume for profit to loss. On 14 September, this metric spiked to approximately 2.34, marking its highest level in recent weeks.

As of this writing, this ratio had declined to around 1.6.

Delving deeper into the Bitcoin addresses

Delving deeper into Bitcoin’s active addresses, the 30-day active address me

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Author: Adewale Olarinde

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