“Time Preference”- 19th Edition

1) # Full nodes (reachable) - 16,685 (+0.21%)

2) # LN nodes - 13,952 (+0.35%)

3) LN capacity (BTC) - 5,377 (+1.00%)

4) BTC addresses > 1M sats - 12.29M (+0.10%)

5) BTC addresses > 10M sats - 4.49M (+0.15%)

6) BTC addresses > 100M sats - 1.02M (+0.04%)

7) Hashrate (EH/s) - 470 (+4.68%)

8) Price - $35,045 (+1.47%) (Sunday close)

9 Price/Hashrate - 75 (-3.07%)

10) Michigan businesses accepting BTC (btcmap.org) - 22 (n/c)

* % change figures from prev.

We finally see increases across the board in all address count metrics, not surprising based on a 15% increase in price the previous week. Addresses > 1M sats was positive (albeit my a small amount) for the first time in 6 weeks.

Slightly surprising to see such a small range in price after a week of strong expansion, I’m curious to see how Bitcoin compares to the traditional markets this week after how they closed out last week, firing on all cylinders.

Hash rate continues to rip, we inch closer to 500 EH/s. Up significantly from the summer 2021 lows while price is finally solidly above those lows, it’s still leaps and bounds behind hash rate. This has been the story really for the last 2 years and more. I’m of the belief price will catch up sooner than later but not ruling out anything in this market.

Have a great week!

#bitcoin #timepreference #mining #Einundzwanzig #michigan #lightningnetwork⚡️