Recent Crypto Rally Not Convincing Enough To Call for New Bull Run Yet, Says Analytics Firm Glassnode

Recent Crypto Rally Not Convincing Enough To Call for New Bull Run Yet, Says Analytics Firm Glassnode


The Daily Hodl
2022-08-03 16:55:14

The crypto analytics firm Glassnode is not yet convinced crypto is on the road to recovery after the recent market rally. In a new analysis, Glassnode notes that on-chain transaction demand for Bitcoin (BTC) remains “lackluster at best.” “The net result is that Bitcoin blocks are partially empty, Ethereum gas prices are at multi-year lows, and […]The post Recent Crypto Rally Not Convincing Enough To Call for New Bull Run Yet, Says Analytics Firm Glassnode appeared first on The Daily Hodl.