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Bitcoin network activity drops to a 7-year low as price weakens

Bitcoin network activity drops to a 7-year low as price weakens

Bitcoin has seen its network use fall to its weakest level in more than seven years as selling pressure and lower on-chain activity weigh on market confidence. Bitcoin Magazine data showed that the 60-day moving average of active Bitcoin addresses…

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

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