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BTCUSD Network Activity Soars to Record Levels Amid Stagnant Price Action

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin network activity is nearing all-time highs, driven by a surge in OP_RETURN transactions.
  • Despite this significant spike in on-chain usage, the price of BTC remains relatively stagnant, reflecting a disconnect between network utilization and immediate market valuation.
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BTCUSD price history

76684.79 +11.50% over the displayed period

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