Oh joy, oh rapture. Bitcoin‘s network activity has hit a whole new low. Because, you know, what could possibly go wrong with a cryptocurrency that’s only been around for a few years and has already given us a few nice crashes? 🤦♂️
A report from CryptoQuant, because who doesn’t love a good analytics platform, has revealed that the Bitcoin Network Activity Index is down 17% from its November 2024 record high. Because, you know, that’s exactly what you want to see in a cryptocurrency – a decrease in activity. 🙄
Bitcoin’s Activity is in the Toilet
The network activity index is currently at 3,658, which is just a lovely number. It’s also below its 365-day moving average, something that hasn’t happened since July 2021, when China decided to ban Bitcoin mining. Because, you know, that’s exactly what we need – more government regulation. 🙄
Bitcoin’s demand growth has been on a decline since November-December, when it experienced a
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2025-02-22 15:03