The post Massive Drop in Bitcoin and Ethereum Activity: Is the Investor Intrest Fading? appeared first on Coinpedia Fintech News
According to the recent Cryptoquant report, the number of active Bitcoin and Ethereum addresses has steadily decreased in 2024, with Bitcoin dropping from 1.17 million to 855,000 and Ethereum from 382,000 to 312,000. This decline signals a lack of new investors entering the crypto space, despite growing interest in spot ETFs. The anticipated rally following the Federal Reserve’s first rate cut also failed to materialize, primarily due to the Fed’s ongoing quantitative tightening (QT), which pulls liquidity from the market. However, a slight increase in M2 money supply suggests that a return to quantitative easing (QE) is likely, which could reignite market hype and boost active addresses.