{"id":154870,"date":"2023-09-13T09:13:32","date_gmt":"2023-09-13T03:43:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-addresses-touch-5-month-high-with-btc-price-bounce-crypto-news\/"},"modified":"2023-09-13T09:13:34","modified_gmt":"2023-09-13T03:43:34","slug":"bitcoin-addresses-touch-5-month-high-with-btc-price-bounce-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-addresses-touch-5-month-high-with-btc-price-bounce-crypto-news\/","title":{"rendered":"Bitcoin Addresses Touch 5-Month High With BTC Price Bounce &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin has been showing volatile price movements over the last two days with the BTC price oscillating between the range of $25,000-$26,500. As a result, the on-chain activity has also shot up at this point.<\/p>\n<p>However, there\u2019s some profit-taking as well with the BTC price tanking under $26,000. As of press time, bitcoin is trading 2.8% up at $25,922 with a market cap of $505 billion.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>On-chain data provider Santiment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1701670597464580142\">reported<\/a> that Bitcoin remains the dominant player in terms of price and has surged to reach as high as $26.5K. Notably, the Bitcoin network has witnessed interactions from 1.1 million daily addresses since Thursday, marking a five-month high. Today, traders are opting for profit-taking following the modest increase observed since yesterday.<\/p>\n<figure id=\"attachment_159070\" aria-describedby=\"caption-attachment-159070\" style=\"width: 2744px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159070\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity.jpeg\" alt=\"\" width=\"2744\" height=\"1752\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity.jpeg 2744w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-300x192.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-1224x782.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-768x490.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-1536x981.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-2048x1308.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-150x96.jpeg 150w\" sizes=\"auto, (max-width: 2744px) 100vw, 2744px\"\/><\/noscript><figcaption id=\"caption-attachment-159070\" class=\"wp-caption-text\">Courtesy: Santiment<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Although the BTC price has slipped under $26,000 at press time, Bitcoin technical indicators continue to show some optimism along the line. Popular crypto analyst Ali Martinez <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1701700725737476256\">noted<\/a>: \u201c<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">As we navigate a week with key financial events, it\u2019s crucial to highlight that the TD Sequential indicator has signaled a \u2018buy\u2019 on the <\/span><span class=\"r-18u37iz\">$BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> weekly chart. For this to be validated, <\/span><span class=\"r-18u37iz\">#BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> needs to close above the week above $25,600. If confirmed, targets could be $28,350 or even $31,800\u2033.<\/span><\/p>\n<figure id=\"attachment_159071\" aria-describedby=\"caption-attachment-159071\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159071\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"2048\" height=\"946\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-300x139.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1224x565.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-768x355.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1536x710.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-150x69.jpeg 150w\" data-lazy-sizes=\"(max-width: 2048px) 100vw, 2048px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159071\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg\" alt=\"\" width=\"2048\" height=\"946\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-300x139.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1224x565.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-768x355.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1536x710.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-150x69.jpeg 150w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"\/><\/noscript><figcaption id=\"caption-attachment-159071\" class=\"wp-caption-text\">Courtesy: Ali charts<\/figcaption><\/figure>\n<h3>Bitcoin Remains Wary of US CPI Data<\/h3>\n<p>On Wednesday, September 13, the US could be releasing its CPI data and reports suggest that inflation could see a second consecutive rise. For the month of August, the headline inflation could rise to 3.6% from 3.2% in July.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>This could be negative for risk-ON assets such as Bitcoin and other cryptocurrencies. If the core CPI data increases, the Fed might announce another rate hike instead of pausing down at the moment. An unexpected surge in core inflation might negate the progress seen in the last 24 hours, during which the Bitcoin price rose above $26,000. Should bearish conditions prevail, BTC could potentially test the support level at $24,578. If this level is breached, it could lead to a drop to a six-month low of $21,000.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/bitcoin-active-addresses-hit-5-month-high-btc-price-rally-ahead\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/bitcoin-active-addresses-hit-5-month-high-btc-price-rally-ahead\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA159069\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD159069\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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As a result, the on-chain activity has also shot up at this point. However, there\u2019s some profit-taking as well with the BTC price tanking under $26,000. As of press time, bitcoin is trading [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":153962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-154870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154870"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154870\/revisions"}],"predecessor-version":[{"id":154871,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154870\/revisions\/154871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/153962"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}