Ethereum

2024

April

Coin

<ul class="news-points">
 <li><strong>Bitcoin’s halving in April reduced its issuance rate, yet prices declined as long-term holders took profits.</strong></li>
 <li><strong>Ethereum ETFs approved by the SEC boosted prices, reflecting strong long-term investor confidence.</strong></li>
 <li><strong>Government Bitcoin sales and miner sell-offs contributed to Bitcoin’s price drop during the quarter.</strong></li>
</ul>
<p>The second quarter of 2024 brought about substantial changes in the crypto market. Bitcoin and Ethereum experienced price declines despite major events, including Bitcoin’s halving and the approval of Ethereum ETFs. Crypto prices struggled, with Bitcoin falling 12.8% and Ethereum 3.1%. Here’s an analysis of key on-chain developments for Bitcoin and Ethereum during this quarter.</p>
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   <p lang="en" dir="ltr">To wrap up Q2 of this year, we dive into the key on-chain developments that shaped this quarter.<br><br>Read our full analysis below<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br> <a href="https://t.co/DWF0xKTmYZ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/DWF0xKTmYZ</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1806930781916254538?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 29, 2024</a>
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<p>The Bitcoin halving on April 20 reduced its annual issuance rate from 1.7% to 0.85%. However, Bitcoin’s price continued its downward trend. The halving was likely already factored into the price, with Bitcoin reaching an all-time high prior. Long-term holders took profits, contributing t…</p>
<p>The post <a href="https://coinedition.com/ethereums-l2-surge-and-bitcoins-miner-exodus-key-on-chain-trends-in-q2-2024/" rel="noopener noreferrer nofollow">Ethereum’s L2 Surge and Bitcoin’s Miner Exodus: Key On-Chain Trends in Q2 2024</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum’s L2 Surge and Bitcoin’s Miner Exodus: Key On-Chain Trends in Q2 2024

Coin Edition

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