Glassnode: Activity in Bitcoin and Ethereum networks falls to annual lows
Measures of active users, on-chain value transferred, and transaction fees in Bitcoin and Ethereum networks hit new lows after the May correction, according to Glassnode analysts. Bitcoin on-chain activity has fallen dramatically this week, returning to levels not seen in a year. Simultaneously, a seismic shift is underway in the Bitcoin mining markets, as hash-rate falls and miners ramp up spending.