Glassnode wrote that a decline in network activity can be interpreted as a lack of new demand for the network from speculative traders over long-term holders and investors who have a high level of conviction in the network’s technology. The report states:
The analysis observed similarities between the current network demand pattern and the one established in the 2018-2019 period. Similar to the previous cycle, network demand dried up after the April 2021 all-time high in BTC price. There was a notable recovery in demand leading up to the following November as prices recovered to a new ATH.
Bitcoin 🔻🔻🔻🔻🔻
I usually check all info on BFX but still can't predict the future price
This is good for the bigger picture
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Market correction vs. bear market: Key differences explainedMarket corrections and bear markets both involve price declines, but knowing how to differentiate between the two is crucial in protecting your investment portfolio. Glad I have finally found this HODL.🤠 Why is everybodyy keeping this a secret?
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »
July NFT data wrap: Investor interest in gaming, NFTs continued despite market downturnDeclines in monthly NFT marketplace volume continued last month as the industry entered Q3 mired in the bear market. How do get around paying taxes on thiss . $BNB is still the home to the best gaming ecosystem in Web3 right now. Many quality games played heavily in Asia
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »
While the Bear Market's Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low – Altcoins Bitcoin NewsETH prices are much lower, but the bear market has given way to the lowest ethereum network fees in months.
La source: BTCTN - 🏆 531. / 51 Lire la suite »
Blockchain Games Least Affected by Market Turmoil: DappRadar ReportBlockchain games and Metaverse projects appear to have been coping with the bear market a lot better than other niches of the market.
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »