With another month of Bitcoin (BTC), Ether (ETH), and most altcoins in red or in a rangebound trajectory all eyes are hoping for greener price charts for top cryptos in the last quarter.
“Wake me up when September ends,” was the predominant sentiment for a majority of cryptocurrency HODLers over the last month. As macro conditions continued to dictate the short-term path for cryptocurrencies, bearish sentiment took over the larger market.
Throughout September, bearish opinions gained much more heat as seen in the red bars below representing how many mentions there are of sell, selling, sold, or bearish.
Decreased demand
The total fees spent to use a blockchain presents the willingness to spend and demand to use it. Over the last quarter, Bitcoin fees generated just under $30 million from the network, declining from $42.9 million in Q2 2022.
On the other hand, Ethereum fees dropped even further, from $1.29 billion in Q2 to $264 million in Q3 charting a 79% fall quarter over quarter...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...