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Trending Bitcoin News and Market Sentiment, Weekly Edition, 7th August 2020: Bitcoin Metrics Fly, Crypto Sentiment Peaks, Crypto Mum Till 2025

Trending Bitcoin News and Market Sentiment, Weekly Edition, 7th August 2020: Bitcoin Metrics Fly, Crypto Sentiment Peaks, Crypto Mum Till 2025

Bitcoin and Ethereum recover from Monday’s crash as crypto sentiment remains on a high
The US SEC has confirmed Hester Peirce as Commissioner until 2025

We cap off another bullish week for crypto markets as Ethereum and Bitcoin both mark their territory having recovered from a Monday slump, with ETH trading just below USD 400 and Bitcoin at USD 11,655 ( CoinDesk ) at time of writing on early Friday morning US time.
And has the markets been flying or what?
Apart from the rise in US dollar valuations, which are hard to ignore, there are quite a number of metrics to look at for more evidence that the sentiment is decidedly bullish, after spending weeks below USD 10,000 prior to late July.

Has anyone noticed, daily active addresses ( #Bitcoin ) is back above June 2019 levels, and approaching high of 1.29mm in December 2017. $BTC market feels much different now. #BTC #BTCUSD #BTCUSDT
-On chain metrics by @intotheblock pic.twitter.com/3XOfPKV72B
— Brock Connelly

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