The growing network activity is a promising sign for Bitcoin’s battle toward the historic $100,000 mark, which was just $200 away on Nov. 22.
Bitcoin is approaching one million daily active users for the first time since 2019, reflecting growing adoption in 2024. Analysts believe this increase could help push Bitcoin’s price beyond the historic $100,000 mark.
On Nov. 26, blockchain analytics platform IntoTheBlock noted that Bitcoin’s onchain activity has seen its most significant growth since 2021. The network is nearing the milestone of one million daily active addresses, which marks a shift toward broader retail adoption.
Bitcoin: daily active addresses. Source: IntoTheBlock
