Demand Growth for Bitcoin Surges: What Does This Mean?

Analysts at market intelligence platform CryptoQuant have identified a surge in demand for bitcoin from large investors and permanent holders. While this could mean many things for the crypto industry, it is deemed a positive sign per the laws of demand and supply., market experts said that accelerating BTC demand growth is necessary for a sustainable price rally. Hence, BTC may soon witness a substantial increase in prices.

Bitcoin whales are not left out of the demand wave, as they have added over $1 billion to the network. This cohort of investors is experiencing a monthly demand growth rate of 4.4%, their fastest since mid-April.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Miners Face More Pain as Hashrate Surges, Difficulty Adjustment LoomsCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Med tech stock Semler Scientific takes bitcoin play from MicroStrategy's book, surges 30%Semler Scientific saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset.
Source: CNBC - 🏆 12. / 72 Read more »

Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeaveAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Source: CoinDesk - 🏆 291. / 63 Read more »