Recent on-chain data reveals a notable increase in Bitcoin's (CRYPTO:BTC) Daily Active Addresses, indicating heightened transactional activity on the blockchain.

According to analytics from IntoTheBlock, over 900,000 unique addresses engaged in transactions within 24 hours, marking a significant uptrend since early June.

This surge in activity suggests renewed interest and participation in Bitcoin, potentially laying groundwork for a bullish price movement.

Historically, sustained upticks in active addresses have correlated with price surges in the cryptocurrency market.

Meanwhile, Bitcoin's current price hovers around $61,900, reflecting a slight decline amid broader market fluctuations.