Spoted Crypto

Sign in Subscribe

report

BTC Network Processing, Transfer Volumes Plummet Since Peak...Uncertainty Rises

"Despite Bitcoin's positive investor returns, the BTC network's processing and transfer volume has dropped sharply since the price peak," on-chain analytics firm Glassnode reports. This suggests that speculative appetite in the market has decreased and uncertainty has increased." The data shows that at the peak of BTC's price, network processing and transfer volume peaked at $13.8 billion, while the current value is around $6 billion.

Read next

blockchain crypto cryptocurrency ETH could rise to $20,000 next year (SpotedCrypto)

ETH could rise to $20,000 next year, some say.

“Ethereum (ETH) could rise to as high as $20,000 by 2025 if it breaks above the upper resistance of a long-term trending triangle,” Cointelegraph reported, citing multiple analysts. “ETH has been in a prolonged sideways consolidation for about three years since November 2021, and if it breaks above the

blockchain crypto cryptocurrency fear greed index 83 btc 92.5K (SpotedCrypto)

Crypto 'Fear-Greed Index' at 83...Extreme greed persists, BTC longs sell off.

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell seven points from the previous day to 83. The extreme greed phase persists. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. The Fear Greed Index

blockchain crypto cryptocurrency fear greed index 483 btc 90.5K (SpotedCrypto)

Crypto 'Fear-Greed Index' at 83... Confidence Slips Slightly

Crypto data provider Alternative's self-estimated “Fear and Greed Index” fell seven points from the previous day to 83. The fear deteriorated, but the extreme greed phase persists. The index is a measure of extreme fear in the market, with readings closer to zero indicating extreme fear, and readings