Update
Bitcoin Transfer Value Surges 26%
Glassnode's data shows Bitcoin's entity-adjusted transfer value rose 26% to $5.5 billion from $4.4 billion a week earlier. Transaction fees fell 8.8% to $185,200, while daily active addresses fell 2.2% to 615,200. This update highlights the growing divergence between the amount of money moving across Bitcoin and the network activity generating revenue for miners.