Bitcoin's price is surging, but is it a bubble or a new trend? The answer lies in its fundamentals. Bitcoin's total address activity has increased 20% in the past month, indicating a growing user base. Additionally, the cryptocurrency's hash rate has reached an all-time high, securing its network. With fundamentals improving, it's possible that this rally is more than just a short-term bubble.

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Fundamentals are indeed strong, and the growth in user base and hash rate are impressive indicators of Bitcoin's long-term potential.