Ethereum price rises: increased trading volume and rising active addresses
Recently, Ethereum (ETH) has shown a significant upward trend in the market, with prices surpassing $2400 and its market capitalization exceeding $292 billion.
The increase in trading volume and the rise in daily active addresses may be one of the factors driving the rise of ETH. The total locked value of Ethereum has increased from $25 billion to nearly $30 billion, and on-chain transaction volume has also grown. As of December 28th, the number of daily active addresses for Ethereum is close to 500,000, an increase of 33% compared to a month ago.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix (NFLX.US) reportedly plans to lay off about 5% of its staff: The streaming giant faces growth pressure and trims its workforce ahead of earnings report.
According to reports, Netflix plans to lay off about 5% of its employees as early as next week.
Citi: Besent May "Slash" Long-term Bond Issuance Next Month, 20-year US Treasury Issuance Could Be Directly Canceled
Citi published a research report indicating that US Treasury Secretary Scott Besant is highly likely to reduce the issuance size of long-term US Treasury bonds, and may even completely cancel the issuance of 20-year Treasury bonds.
Rising energy prices intensify inflation concerns; US Treasury yields increase again, with the 10-year rising to 5.25%.
Persistently high energy prices have intensified market concerns about the inflation outlook and reinforced investor expectations of further interest rate hikes by the Federal Reserve. After experiencing significant volatility earlier this week, U.S. Treasury yields are edging back toward recent highs.
