As new investment products expand access to Bitcoin, market watchers are paying attention to whether the network's recent growth in new traders and onchain activity will continue.
Bitcoin leads the market with strong annual gains
Bitcoin's price has gained
↗83%
over the past year, outperforming the category average gain of
↗70%
. This performance comes even as its market dominance has slightly decreased by
↘0.15%
, with assets like Solana showing stronger monthly performance.
New products expand access for investors
The market saw the launch of new investment vehicles, including a Bitcoin staking ETP
from Valour and the first index-based
spot crypto ETF from Grayscale. These developments occurred alongside corporate moves, such as
Metaplanet establishing new subsidiaries to support its Bitcoin strategy.
Network activity and new users are growing
Onchain data shows an
↗18%
increase in average daily trading volume, reaching $199.9 billion. This rise in activity is accompanied by a
↗10%
growth rate for new traders joining the network, which outpaces the growth of existing traders.