The Ethereum network's revenue from fees dropped to its lowe

Bearish

The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said.#trading #ETH $ETH

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In a surprising turn of events, the cryptocurrency market experienced significant activity today, with a total of $120 million worth of being transferred across major exchanges. According to reports from , the day commenced with a substantial transaction of 2,818 BTC, equivalent to $75.8 million, sent to the prominent U.S. exchange Coinbase (NASDAQ:COIN). Shortly after, another major transfer unfolded as 1,630 BTC, valued at $43.82 million, was withdrawn from the Bybit exchange. Delving into the details behind these transactions, on-chain data analysis provides intriguing insights. The sender address involved in the Coinbase transfer had withdrawn the same amount of Bitcoins from a hot wallet earlier in the week, holding them for four days before returning them #BinanceSquare #bitcoin

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