
Bitcoin monthly active addresses dropped to lowest point since 2019; U.S. SEC requested S-1 resubmissions of U.S. Spot Ethereum ETFs by 8 July; VanEck and 21Shares filed for Solana ETFs with the U.S. SEC.
Price and volume indices decreased by -3.11%and -4.21% last week, while the volatility index increased by +86.81%. Volatility changes were led by SOL (+110.97%), which coincided with two filings from VanEck and 21Shares for Solana ETFs with the U.S. SEC.
Bitcoin monthly active addresses dropped to their lowest since 2019, recording 11.7 million monthly active addresses in June 2024, representing a 6% month-on-month and 34% year-on-year drop. A decline in active addresses generally indicates a lack of trading activities among Bitcoin holders, which potentially coincides with a phase of market consolidation.
BTC and ETH increased by +3.8% and +2.5%, respectively, in the past seven days. The price action for other selected top market cap tokens was mixed, AVAX (+16.0%) led the increase and LDO (-16.1%) led the drop.
Key categories showed mix performances in terms of market capitalisation changes in the past seven days, with the meme category leading the increase.
ETFs & TradFi
Adoption
Regulations
Others
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