Bitcoin (BTC) and Ethereum (ETH) Fees Plummet As Speculative Frenzy Cools, According to Crypto Analytics Firm
A prominent crypto analytics firm says that Bitcoin (BTC) and Ethereum (ETH) fees are plummeting as the speculative frenzy around digital assets loses steam. New data from market intelligence platform IntoTheBlock reveals that the total fees associated with the crypto king and the leading smart contract platform have dropped 32% and 24.4% this week, respectively. Pinagmulan: IntoTheBlock Twitter Sa TheTheBlock din mga tala that whale activity centered around the top altcoin has kicked into high gear as deep-pocketed ETH investors now hold about 3.5 million more tokens than they did earlier in 2023. Pinagmulan: IntoTheBlock Twitter Moving on to the top crypto asset by market cap, the analytics firm finds that BTC and stocks are increasingly nagpapakita a lack of correlation or negative correlation, which could mean that fresh capital is on its way to Bitcoin. Pinagmulan: IntoTheBlock Twitter Bitcoin is trading for $26,791 at time of writing, a 0.94% increase during the last 24 hours while Ethereum is moving for $1,833, a 1% increase in the last day.