Over the past few days, Bitcoin has overcome several levels of resistance and soared to a 13-month high. Having passed the levels of resistance at 8,200 and 8,700 US dollars, the first cryptocurrency rose above the mark of $9,000. Such level of price was last reached by Bitcoin in May 2018.
In the midst of the rush, it is worth noting another parameter, which also rose to an unprecedented maximum. According to CoinMetrics.io, Bitcoin has surpassed the one million daily active addresses, which is an important indicator in terms of performance and the growing popularity of cryptocurrency.
Kevin ROOKE, the cryptocurrency analyst noted that the first time Bitcoin broke the 1 million mark in this particular metric the date recorded was November 27, 2017 when the price of 1BTC reached the level of $9,300.
Alyse KILLEEN, managing partner of StillMark Capital, told in her interview to Bloomberg that the rise is due to the expectation of what she dubbed a looming “supply shock” emanating from the imminent 2020 Bitcoin halving.
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