SEC’s BinanceAfter the lawsuit filed against BNB especially bitcoin and cryptocurrencies fell.
Leading cryptocurrency BTC While it declined to $ 25,400, Ethereum dropped to $ 1780.
According to the news of Coindesk, while cryptocurrencies recovered a little after these drops, Goldmasn SachsBitcoin report came from .
In-chain data for May in the bank analysts report to BTC and Ethereum (ETH) He said it showed a mixed picture.
“On the ETH side, the balances remain relatively more balanced compared to BTC, while Bitcoin addresses with balances of more than 100,000 BTC see a monthly drop of 31%.”
In addition to the decrease in the number of addresses, Goldman Sachs analysts stated that Bitcoin brought profit in May, showing the degree of profit realized. SOPR He stated that the rate increased in May.
“The SOPR rate in Bitcoin reached levels in May not seen since December 2020.
This shows that significant profits were made in the spot markets.”
Analysts also noted that the amount of Bitcoin held on exchanges saw a sharp decline of 12%, but ETH indicated a slight increase in supply.
Finally both BTC Goldman Sachs analysts noted that network congestion in both ETH and ETH came into focus in May. “Network congestion and high transaction fees caused monthly address activity for Bitcoin and Ethereum to drop by 13.8% and 16.7%, respectively.” said.
*Not investment advice.
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