Bitcoin $95,448.69 -1.96%
Ethereum $3,295.76 -1.79%
BNB $650.98 -1.91%
Optimism $1.77 +0.56%
Arbitrum $0.75 +0.09%
Solana $181.47 +0.17%
Polygon $0.48 +0.20%
Cosmos $6.44 -1.85%
Avalanche $36.71 -2.76%

Bitcoin $95,448.69 -1.96%
Ethereum $3,295.76 -1.79%
BNB $650.98 -1.91%
Optimism $1.77 +0.56%
Arbitrum $0.75 +0.09%
Solana $181.47 +0.17%
Polygon $0.48 +0.20%
Cosmos $6.44 -1.85%
Avalanche $36.71 -2.76%

Goldman Sachs Report: On-Chain Statistics Show Mixed Picture for Bitcoin and Ether Adoption in May

Goldman Sachs has reported that on-chain statistics for May present a mixed outlook for bitcoin and ether adoption. While there have been few changes to ether balances across cohort groups, bitcoin addresses with balances of over 100,000 BTC have seen a 31% monthly decrease.

The spent output profit ratio (SOPR) for bitcoin has seen a number of spikes, indicating considerable profit taking in the spot markets.

Additionally, network congestion across both the Bitcoin and Ethereum blockchains has caused monthly address activity for bitcoin and ether to fall by 13.8% and 16.7% respectively.

Bitcoin $95,448.69

-1.96%

Goldman Sachs Bitcoin

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Goldman Sachs Report: On-Chain Statistics Show Mixed Picture for Bitcoin and Ether Adoption in May

All Comments

Recommended for you

German parliament passes Financial Market Digitalization Act

Data: Yesterday, the US spot Bitcoin ETF had a net inflow of US$373 million

BTC breaks through $101,500

The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

U.S. stocks open, most crypto stocks open lower

BTC breaks through $98,500

Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

BCH breaks through $500

Bitwise Bitcoin ETF's holdings exceed $4 billion

The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

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