Saturday, July 31, 2021
Home Crypto News Market For the First Time Ethereum Crossed Bitcoin in Address Activity

For the First Time Ethereum Crossed Bitcoin in Address Activity

- Advertisement -

According to data provided by crypto analytics platform Santiment, Ethereum surpassed Bitcoin in address activity for the first time.

eth active adresses crossed BTC for the first time

Santiment writes:

“Following up on yesterday’s report on Ethereum FUD and the buy opportunity we saw, today has marked a historic day – For the first time in crypto history, ETH address activity is ABOVE $BTC address activity, as prices have soared back above $2,100.”


Santiment tweet is as follow:


Earlier today, ETH hit a weekly high of $2,136 on Binance.
The second largest blockchain is seeing a spike in activity ahead of the highly anticipated EIP-1559 update, which is expected to be rolled out in the coming weeks.

Meanwhile, active bitcoin addresses are at their lowest level since February.

BTC struggling to regain momentum after the bulls failed to overcome resistance at the $35,000 level. The ETH/BTC pair is seeing an apparent trend reversal, surging nearly 7 percent in the past 24 hours.

- Advertisement -
Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Cardano Founder, Charles Hoskinson “Users Can Run Smart Contracts The Moment Hard Fork Comes On.”

Cardano (ADA) founder Charles Hoskinson in his latest live stream update on YouTube confirmed that “we are on schedule things are moving along, chugging...

Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys

In a recent interview with CNBC MicroStrategy CEO, Michael Saylor defends $2.2 billion debt-financed bitcoin buys. window.coinzilla_display...

Cardano Price Prediction: Cardano Awaits A Range Breakout For 40% Upswing

Cardano anticipates a breakout from a range of two key moving averages (50 SMA and 100SMA) in the 12-hour chart. Bullish RSI is giving...

Binance Stops Crypto Futures Trading Services Across European Countries

Binance Exchange will stop offering Futures and Derivatives trading products for all European users. window.coinzilla_display = window.coinzilla_display...

Michael Saylor “Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial...

Microstrategy CEO Michael Saylor always shows that he is a faithful supporter of Bitcoin. Microstrategy currently holds 105,085 BTC. Michael Saylor is among the...

Bitpay Adds Support For Litecoin And Newegg Becomes The First Merchant To Accept LTC Through Bitpay

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced support for Litecoin in the BitPay Wallet app. Consumers can buy, store and...

Yoroi Wallet To Release Dapp Connector That Will Allow Interactions Between Users And Dapps On Cardano Blockchain

Cardano (ADA) smart contracts are coming soon and so is its infrastructure advancing. window.coinzilla_display = window.coinzilla_display ||...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly