Surprising Q4 Crypto Trends Unveiled in New Institutional Report
A recent joint report by Glassnode and Coinbase Institutional highlights significant developments in the crypto market during Q4 2024, signaling a maturing ecosystem.
Despite limited price movement, the report reveals increased institutional participation through spot ETFs, which have boosted bitcoin and ethereum assets under management. Stablecoins have reached an all-time high supply.
Driven by growing integration in payment systems, while layer two solutions like Arbitrum and Base are seeing rising transaction volumes, thanks to Ethereum’s Dencun upgrade. Market sentiment has shifted toward fear, a potential precursor to the next rally, according to analysts.
Clever Robot News Desk 21th October 2024
