Unsurprisingly, the lion's share of the ERC-20 token activity is Tether (USDT) and USD Coin (USDC). This does not arise only because these tokens are among the most liquid but also because there is still significant uncertainty and fear in the crypto market.

Although Bitcoin showed a 7% increase in September, current events are causing anxiety among investors. One reason for this is the weak activity of retail investors. While institutional investors supported the growth, retail traders are not actively participating, which usually indicates a lack of enthusiasm and a slowdown in the long term.

The Coinbase app, previously top-rated among retail traders, now ranks much lower in download rankings, highlighting weakening market interest. In addition, geopolitical tensions, such as conflicts in the Middle East, increase investors' fear. At such times, they will always prefer to use safer assets such as gold and the most liquid stablecoins. Ethereum is also facing problems. The recent delay in the SEC's decision to launch the Spot Ethereum ETF Options has added to the uncertainty, affecting market sentiment.

Written by BaroVirtual