Are bulls losing their grip over the market? Bitcoin is now seeing 'tepid' demand just three months after hitting its latest all-time high, according to on-chain analytics firm Glassnode. (Reporting via WilliamSuberg)
) is now seeing “tepid” demand just three months after hitting its latest all-time high, according to on-chain analytics firm Glassnode.a sea change in Bitcoin on-chain activity compared to just three months ago.Bitcoin’s descent from $69,000 to $33,000 has been accompanied by a widely publicizedNow, the latest data shows that for existing on-chain entities — holders of one or more wallets — the same is true.
Each day, the Bitcoin network sees around 275,000 active entities transacting, compared to over 400,000 in November 2021. That reduction means that daily active entities are now at the same levels as in mid-2019 and even well below the peak of the last halving cycle in December 2017. “This level of activity is far below bull market highs, indicative of tepid demand from new users,” Glassnode commented.
Researchers added that regardless of the cycle phase, the trend is for entity numbers to grow, which they put down to Bitcoin’s network effect playing out as forecast.While the activity dip is considerable for such a short space of time, as Cointelegraph reported,
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Forbes 30 Under 30 Alum Roey Eliyahu Raises $140 Million At $1.4 Billion Valuation For Salt SecuritySalt Security announced $140 million in a Series-D round on Thursday, led by Capital G, the investment arm of Google. The fresh flow of funds brings the company’s total raised funds to $271 million.
Weiterlesen »
Man who admitted to killing bald eagle gets 30 days for feather possessionA 20-year-old Louisiana man has been sentenced to 30 days in prison and a year on probation for possessing a bald eagle feather.
Weiterlesen »
Bicyclist, 30, struck and killed by car in DelawarePolice say a 30-year-old Maryland man was killed when he was struck by a car while riding his bicycle in Delaware.
Weiterlesen »
House Democrats not seeking reelection hits 30-year high: 'It's bad''I think it's a direct result of the malaise on Capitol Hill,' said former representative Steve Israel.
Weiterlesen »
30 San Antonio lounges, speakeasies and hidden bars — and where to find themSan Antonio's bar scene has always been fun, but the cocktail explosion of recent years have given it double shot of hip sophistication. These days, the city is awash in spots that boast swanky vibes, including some speakeasy-style bars that are intentionally kept on the downlow. How many of these have you explored?
Weiterlesen »
Guillermo del Toro Is Glad It Took Him Nearly 30 Years to Make Nightmare Alley“The movie that I think I did in my 50s is, in my mind, a movie about today, not a cinephile artifact,” says the Oscar-winning director of his gutting noir drama.
Weiterlesen »