The number of daily Bitcoin transactions fell to 217,000. The last time such a low level was observed was August 31, 2018, according to The Block.
On June 1, the number of active Bitcoin addresses reached a six-month low. According to CryptoQuant, the metric continued to decline and reached 716,000.
$BTC active addresses reached 716K, Yearly Low
— Active receiver addresses 467.7K, Yearly Low
— Active sender addresses 450.4K47.4% of $BTC addresses are stagnant compared to April 2021, Yearly High.
View Charts👇 https://t.co/ALrOJw3Zul pic.twitter.com/51E1Amf1Ux
— CryptoQuant.com (@cryptoquant_com) June 7, 2021
The number of new Bitcoin addresses fell to 372 000, matching March values.
At the time of writing, the leading cryptocurrency was trading around $36,570. The asset’s market capitalization stands at $684 billion, with a dominance index of 39.5%, according to CoinGecko.
Back on June 4 the price of bitcoin fell more than 5% after another tweet by Elon Musk mentioning digital gold.
Later, unknown individuals who called themselves the Anonymous group published a YouTube video criticizing the businessman for his influence on cryptocurrency.