Bitcoin experiences an increase to $ 31,000: New transactions at three-month high, but costs decrease to four-month low

Bitcoin experiences an increase to $ 31,000: New transactions at three-month high, but costs decrease to four-month low
The Bitcoin (BTC) indicator indicates a increased number of new transactions in the Bitcoin system, while the costs have dropped to a four-month low. This data was published by the on-demand information company Glassnode.
According to the blockchain data, the number of new handles in the Bitcoin system recently rose to 20.360. This is the highest level since April and indicates increased customer activity and interest in leading cryptocurrency worldwide.
The increase in new handles shows the increased interest in Bitcoin and could be due to market growth or increased customer satisfaction. This could also be an indicator of a positive rally, since market participants want to use the forecast increase in value.
However, another tendency has also been shown: The total costs for Bitcoin purchases have fallen to a four-month low of $ 22.905. This could indicate a decline in investment activities or a temporary break in the use of Bitcoin. There could also be a reduced interest or changeable need for Bitcoin.
It is interesting to determine that there is an opposite connection between the system costs and the Bitcoin course. While the costs rose to a two-year high in May, the Bitcoin course fell from its maximum of $ 29.820 to $ 25.811. This could indicate that the increased costs can be attributed to improved marketing voltage, since market participants bring in circulation in the downward trend of the Bitcoin course.
Nevertheless, Bitcoin is currently being traded for $ 30.405, which corresponds to an increase of 0.71 % within one day. This decline in system costs goes hand in hand with an improvement in positive opinions, since the upward movement tries to exceed the $ 31,000 mark.
Overall, these figures show that interest in Bitcoin and customer activity have increased. At the same time, the costs have dropped, which could indicate a temporary break or a changeable need. The coming days will show whether Bitcoin can continue his positive rally.