Bitcoin ETFs, Ethereum Staking, Stablecoins Power Crypto Growth In 2024: Coinbase Report
Portfolio Pulse from Ivan Crnogatić
Coinbase and Glassnode's Q4 Guide to Crypto Markets report highlights the growth and maturity of the crypto market, driven by Bitcoin ETFs, Ethereum staking, and stablecoins. Despite Bitcoin's stagnant price, the market shows sophistication with increased on-chain activity and trading volumes. Ethereum's market share in fees has risen significantly, and the stablecoin market cap reached a new high. The report suggests potential for future Bitcoin price appreciation following historical patterns.
October 17, 2024 | 4:11 pm
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Coinbase's report with Glassnode highlights the growth in the crypto market, driven by Bitcoin ETFs and Ethereum staking. This positions Coinbase as a key player in the evolving crypto landscape.
Coinbase, as a major crypto exchange, benefits from increased market activity and sophistication. The report's positive outlook on crypto growth, driven by ETFs and staking, suggests potential increased trading volumes and user engagement on Coinbase's platform.
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