Amidst the crypto rollercoaster, Ethereum staking soars while Bitcoin's active addresses defy profit setbacks. Bullish signs emerge, foreshadowing a promising market surge.
supply, reaching an all-time high. The chart also suggested a growing trend in staking participation and potential for further growth.
Additionally, Ethereum’s deflationary process has gained momentum, propelled by a substantial surge in burnt fees observed over the past year. These fees, which are permanently removed from circulation, have experienced a significant spike.Based on data provided by CryptoQuant,has witnessed a surge in active addresses since the beginning of the year, in contrast to the preceding six months of the previous year.
The chart illustrated a notable increase, with recent months boasting over 1 million active addresses, or close to that figure. At the time of writing, the number of active addresses stood at over 988,000. Furthermore, this rise in active addresses coincides with a decline in the Net Unrealized Profit/Loss . The NUPL chart indicated that, on average, investors still held approximately 25% of unrealized profits.bull market, suggesting the potential for further growth and positive market sentiment.found itself below the neutral line on the Relative Strength Index suggesting a bearish trend. Over the past 48 hours, its value experienced a decline and was currently trading at approximately $1,780.
Despite this downward movement, ETH managed to stay within the $1,700 price range on the daily timeframe chart.had also been in the red on the daily timeframe chart during the past 48 hours. As of this writing, it was trading at around $26,290, with a marginal loss of less than 1%. The RSI for Bitcoin was also below the neutral line, indicating a bearish trend.
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