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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid the ongoing search for stability signals in the cryptocurrency market, on-chain data has revealed a surge in network utilization. According to reports, Bitcoin network active addresses increased by 9%, reaching over 660,000. This growth suggests renewed interest in the network, which may help stabilize miner revenue and support broader market dynamics.
This improvement in technical activity coincides with mixed performance across the sector, as market data shows relative stability in benchmark assets compared to the sharp volatility seen in the previous quarter. Compared to June data, the rise in active addresses to this level represents a recovery in network momentum that had softened earlier this year per market data.
From a technical perspective, the sustainability of this activity will be key to supporting current price levels. Looking ahead at the economic calendar, traders are monitoring the Chinese Manufacturing PMI release on June 30, 2026, which could impact global risk appetite and subsequent liquidity flows into digital assets like BTC.
Update: The Bitcoin network processed 862,979 transactions on June 23, 2026, marking the third-highest single-day volume since the blockchain's inception in 2009. According to Blockchair data, this volume ranks only behind the record highs set in April and September 2024, further confirming the massive spike in current network momentum.