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Bitcoin Network Activity Hits 6-Month High as Price Eyes $100K Breakout
By: bitcoin ethereum news|2025/05/05 19:15:58
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Bitcoin is once again approaching the critical $100,000 level, and this time it’s doing so with rising network activity backing the move. According to Glassnode, the number of active BTC addresses has surged to a six-month high, with 925,914 addresses interacting on-chain in the past 24 hours. This uptick in activity reflects renewed interest and accumulation across the market. Analysts remain divided as Bitcoin enters a decisive phase. A confirmed breakout above $100K could spark another round of bullish momentum and set the stage for new all-time highs. However, failure to hold this level may indicate market exhaustion, potentially leading to a pullback or prolonged consolidation. While technical indicators show a solid structure and demand zones remain strong, macroeconomic headwinds—such as global instability and evolving monetary policy—continue to weigh on broader sentiment. Traders and investors are closely watching whether network strength will be enough to propel Bitcoin into uncharted territory. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/bitcoin-network-activity-hits-6-month-high-as-price-eyes-100k-breakout/
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