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Following an exponential climb in capacity over 2022, the Bitcoin (BTC) Lightning Network made a lackluster start to the new year. According to a report by Arcane Research, growth in the Lightning Network capacity, or the number of BTC locked up in channels, has stuttered. The Lightning Network surged from 1,000
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The growth of Bitcoin addresses has hit a plateau phase Bitcoin’s daily active addresses have also dropped from April’s peak of 1.366 million There are currently 845k daily active Bitcoin addresses, a drop by 38% from the aforementioned peak Bitcoin has lost the crucial $30k support to post a local low of $29,278 A
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Quick take:Bitcoin has recaptured $23k and could be prepping to retest its recent all-time high of $23,800The crypto fear and greed index has hovered around 90 since early NovemberTraders are bullish despite the pullback to the $22,300 levelBitcoin could very well break $24k and aim for $25k $20k is Bitcoin’s macro
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