Summary of major dynamics in the cryptocurrency market:
BNB reaches a record high of $700
Recently, BNB (Binance Coin) broke through the $700 mark, setting a new record high. Previous market analysis had foreseen this trend, believing that bulls were significantly stronger than bears, and this prediction has now been verified. BNB's strong breakthrough has attracted widespread market attention and attracted a large number of investors.
Decline in the number of active Bitcoin addresses
Since the Bitcoin halving event in April 2024, the number of active Bitcoin addresses has dropped significantly due to the surge in transaction fees and network congestion. This is also partly affected by new protocols such as Runes, which together have weakened the frequency of Bitcoin's use in daily transactions. The current number of active Bitcoin addresses has fallen back to the lowest level since 2019, despite prices close to historical highs.
Market impact of spot Bitcoin ETFs
Since their launch, BlackRock's IBIT and Fidelity's FBTC ETFs have received inflows of $16.6 billion and $8.9 billion, respectively, showing investors' high recognition of these products. In addition, this trend also highlights the important position of ETFs in modern finance, especially in managing large asset sizes.
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