All across the board, metrics have been on the rise with some reaching as high as double-digital increases in the past week alone.
However, last week proved that the cryptocurrency is just as able to recover quickly as it is to decline.
This had seen revenues grow from $37,202,998 in the second week of April to $39.390,213 for the third week of the month.
This would mean that for the block production rate to go back to normal, mining difficulty will need to be adjusted by about 5%, which is expected to happen on Wednesday.
Miners were also able to fit in more transactions per block due to the increased block production rate, which contributed to the growth in transaction volume.
Historically, when on-chain activity had recovered back into the green, the price of bitcoin has been known to recover along with it.
The $36k-$38k support level had held up quite nicely and in the early hours of Wednesday, the price of BTC is now trading above $39,000.