Bitcoin And Ethereum Activity Dips: Active Addresses See Steady Decline

Quick Summary:

The two largest cryptocurrency assets, Bitcoin and Ethereum are witnessing a notable shift in the behavior and confidence of investor as indicated by a negative trend in their network activity, leading to sluggish performances in the past months.

In spite of this, CryptoQuant noted that the drop in active addresses means that the hype has not materialized yet and there was no rally after the Fed’s first rate cut, as was expected.

Several factors, like market uncertainty and profit-taking because of current price swings, are considered to have resulted in the decline, which would cause users to leave the network momentarily.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Btc QT QE BTCUSDT Qunatitative Easing Spot Btcoin And Ethereum Exchange-Traded Funds ETH Bitcoin Crypto Banter Show Rate cut Kyle Doops Quantitative Tightening CryptoQuant Btcusd M2 Money Supply Bitcoin News Fed Federal Reserve ETFs Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 00:00:05 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22874270

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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