Bitcoin’s on-chain activity stays at a depressed level

Bitcoin’s low on-chain activity continues, as the “boring” bear market doesn’t exactly entice action.

Bitcoin’s on-chain activity has been very low during the last couple of weeks, as the bear market seems to have caused market participants to lose interest. We continue to see a low number of active addresses.

The transaction fees in particular are extremely low. During the previous seven days, we saw

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