On-chain data shows the stablecoins have seen a spike in Active Addresses recently, something that may turn out to be bullish for Bitcoin. Stablecoins Active Addresses & Volume Have Jumped In a new post on X, the market intelligence platform IntoTheBlock has talked about the latest trend in the Active Addresses for the various stablecoins in the sector. The “Active Addresses” here refers to an on-chain metric that keeps track of the total number of addresses becoming involved in transactions on the blockchain every day. The indicator accounts for both senders and receivers. Related Reading: Bitcoin Rebounds From $74,000 Low As Whales Crank Up Activity When the value of this metric goes up, it means the number of users participating in transfers on the blockchain is on the rise. Such a trend suggests the interest in the asset is increasing. On the other hand, the indicator witnessing a decline implies investors may be paying lower attention to the cryptocurrency as not many of them are becoming active on the network. Now, here is the chart shared by t ..
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