Is Bitcoin coming to life, a precursor to the bull run?

As you noticed, in the last week, bitcoin was up on 7%. And as you understood, my clever friend, it is not for fun. We have some reasons…yes. 

Along with the price, Bitcoin's blockchain became very active. In fact, according to blockchain reviewer GlassNode, the number of non-zero addresses reached a record 42.6 million yesterday, July 31. Non-zero addresses are wallets with a minimum amount of bitcoins in their balance, or as you have already understood, non-zero wallets, i.e. with a balance.

In addition, the profitability of the network has also increased a lot. The number of wallets where the bitcoin purchase price was lower than today's, is now over 25.6 million addresses. This is the highest figure for an entire month.

After the bitcoin reached $23,000, Ether had a price tag of $1,600. After that, the rest of the altcoins also soared. Thanks to such a well-coordinated market, cryptocurrency capitalisation has passed the $1 trillion mark.

Although, despite the intense volatility of the stable economy and a big string of fundamental news (global news on a world scale), the volatility of crypto has not increased noticeably.