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Glassnode tweeted Bitcoin transfer volume sent by long-term holders in profit has surged by almost 2000% YTD.
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People have been speculating on steady price increases. #ETH
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The price rise enabled the Ethereum cryptocurrency to gain more value and attract many investors. #ETH
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Ethereum prices have continuously been rising since 2015 when the cryptocurrency first surfaced. #ETH
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Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022.
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In the past 12 months, Circle's USD Coin (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing.
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