Bitcoin's Retail Demand Shows Signs of Recovery

Bitcoin's retail demand has shown signs of recovery, according to Axel Adler Jr. On May 12, the 30-day retail demand change for Bitcoin increased to +4.38%, up from -8.2% on April 5. This shift indicates an early recovery following the early April downturn. According to NS3.AI, Adler noted that transaction volumes for amounts under $10,000 increased slightly from $336 million to $351 million. However, these figures remain below the $365 million to $375 million range observed in February and March.