Chart: https://t.co/wR2aZoj06y pic.twitter.com/yxtcNqrqrq
— glassnode (@glassnode) October 9, 2020
Last week, Glassnode also noted that the price of bitcoin remains stable despite some unsettling events. BTC is still trading more than $10,000.
According to the firm, an increasing number of new entities joining the Bitcoin network indicated positive growth. The network’s health increased by two points to 66, a strong score.
Glassnode added that the liquidity has a score of 61, up by 5 points due to the increase of transactions.
Bitcoin investors are optimistic that the cryptocurrency will continue to rise over the long-term.
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