Spike in new participants buying Bitcoin is ‘obviously bullish’ — Analyst

Cointelegraph

Published Sep 30, 2020 06:53PM ET

Updated Sep 30, 2020 08:40PM ET

The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors.

Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate.

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