August On-Chain Metrics Show Mixed Results: Bitcoin and Ethereum Volumes Drop, Stablecoin Activity Surges

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August on-chain metrics Bitcoin Ethereum and other key indicators presented a mixed picture for the cryptocurrency market, according to Lars Hoffman, an analyst at The Block.

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In contrast to the declining volumes of BTC and ETH, the on-chain adjusted stablecoin trading volume increased by 20.5%, reaching an all-time high.

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Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Latest News August's On-Chain Metrics

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 07:36:16 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 300 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22342730

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #121

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