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Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why

Bitcoinist LogoBitcoinist15h ago

Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why - Bitcoinist

Quick Summary:

Historically, the Bitcoin price is an indicator of the blockchain’s health, with high activity often correlating with strong and positive price action.

However, the largest cryptocurrency market seems to have witnessed a significant shift, with prices now less responsive to changes in on-chain activity.

According to the firm, BTC’s price rise doesn’t necessarily correlate to increased blockchain usage.

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Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 21:30:22 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 394 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28378992

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 14 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

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The story "Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why" has 394 words across 32 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why" was covered 15 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 9 news stories per day.

It's most recent story was published 14 hours ago.

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  • News ID: #28378992
  • URL: https://pyramidalism.beamstart.com/news/bitcoin-holds-above-95k-despite-17463942818286

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