Bitcoin continued to make headlines due to various achievements that this king coin is marking. Check out the latest one revealed by crypto analyst Willy Woo.
The estimated user count seen on Bitcoin’s blockchain is growing faster now than any other time in its 12 year history.
Even during this dip? Yes, especially during this dip.
— Willy Woo (@woonomic) July 10, 2021
Someone said: “True or not, history shows that $BTC PRICE IS NOT DRIVEN BY FUNDAMENTALS… If those who control $BTC want it lower, it’s going lower. So be careful kids.”
Another follower hopped in the comments and posted this message: “Temporarily, it would not show any effect on price but in the long run, it will do. Also, have to mention that bitcoin newbies will mostly stay with it, after loss, lessons learnt, etc. Bitcoin and cryptocurrency are very addictive. Your observation is very informative.”
In other news, crypto and Bitcoin adoption has been one of the most important goals that the crypto industry has set.
There have been a lot of moves in this direction and they continue.
Crypto market bottom is in
The massive volatility of the crypto market had a lot of investors worried. Weak hands have already sold BTC and diamond hands continue to hold.
Now, it’s been revealed that there’s a sign that is pointing out the fact that the crypto market bottom could be already in.
The online publication the Daily Hodl notes that there is new data on the amount of Bitcoin being scooped up by crypto whales and retail traders that signals the bottom is in, according to on-chain analyst Will Woo.
“As price grinds sideways-bearish, coins are being scooped off the exchanges at a very bullish rate…” he said.
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $33,871.28.