Bitcoin, the biggest digital currency in the world, went above $28,000 on Monday. It has become the main topic of discussion on crypto Twitter, attracting a lot of attention and interest from users.
According to CoinMarketCap, the price of BTC is now $28,081.93, with a trading volume of $15,635,133,639 in the past 24 hours. BTC has seen a 3% increase during this time.
BTC price chart (source: TradingView)
Recent reports indicate that the Bitcoin network has experienced a resurgence in activity. This is due to increased interest in transactions and a growing community of Bitcoin holders. The rise in network activity can be attributed to the growing popularity of Bitcoin Inscriptions.
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According to data from Dune Analytics, there has been a significant increase of 200,000 daily inscriptions in recent days. When examining the trading activity in the crypto market, the Relative Strength Index (RSI) for Bitcoin is 56.48, which suggests that BTC is currently in a neutral state without being excessively bought or sold.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
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