3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

By WILLIAM SUBERG

Bitcoin (BTC) is seeing a surge in interest this summer, as consumer awareness is reflected in unique network entities hitting more than two-year highs.

Unique entity growth mirrors 2017 bull run

More unique entities are joining the Bitcoin network as activity increasingly resembles the bull run to all-time highs in 2017. 

According to data from on-chain monitoring resource Glassnode, as of August 4, the average weekly new entity count has returned to 140,000, its highest since early 2018.

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