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Bitcoin User Surge Defies LUNA, FTX Crises

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With an impressive 5.42 million new unique addresses, Bitcoin stands resilient amid the crypto chaos

Despite these major implosions, the number of unique Bitcoin addresses holding a non-zero amount of coins has surged by 5.42 million, according to recent data from blockchain analytics firm Glassnode. This suggests that Bitcoin adoption remains undeterred and resilient, even in the face of significant upheaval within the wider cryptocurrency market.and Terra Luna, more commonly known as LUNA, was nothing short of a spectacle.

Despite the chaos surrounding LUNA and FTX, Bitcoin appears to have remained largely unaffected. From the fallout of LUNA to the present, Bitcoin saw an addition of over 4.36 million unique addresses, marking a clear uptick in network adoption. This resilience amidst market turmoil reinforces Bitcoin's position as a 'digital gold' and highlights its value as a hedge against risk within the tumultuous crypto landscape.

 

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