However, on-chain fundamentals regarding BTC wallets have dropped, while the leading cryptocurrency Bitcoin is presently trading $400 USD above the expected price mark.
As per Glassnode, over the past 24 hours, the entire transaction volume of Bitcoin saw a considerable surge and is presently at 8,400,488.542.
However, It’s up 36% from the previous value.
Users are shifting their BTC actively. Recently on Monday, the BTC rate of exchange added $400 USD and surged from the $10,300 USD price-zone to the $10,700 USD area, consistent with data revealed by CoinMarketCap.
That is the very best level Bitcoin has seen over the past 10 days.
After hitting a high of $12,335 USD earlier on 17th Aug last month, Bitcoin dropped below the $12,000 USD price-mark on 1st Sept.
On the same day, BTC managed to briefly recover above $12k, but then it began a pointy decline, dropping below $10k for a brief moment then trading within a price range somewhere in-between $10,000 USD and $10,400 USD.
Also on 14th Sept., Bitcoin [BTC] went reached a monthly high of around $10,700 USD for the very first time in 2-weeks.