11 Charts Interpreting the October Crypto Market: Most Indicators Show a Strong Rebound
Author: The Block Research Director Lars
Compiled by: Jordan, PANews
For the cryptocurrency industry, the past October saw most indicators finally beginning to rebound. This article will review the state of the crypto market over the past month with 11 charts.
- In October, the total on-chain transaction volume for Bitcoin and Ethereum increased by 28.1% after adjustments, reaching $420 billion, with Bitcoin’s adjusted on-chain transaction volume rising by 32.1% and Ethereum by 20.9%.
- The adjusted on-chain transaction volume of stablecoins rose by 8% in October, reaching $899 billion, while the issuance supply of stablecoins decreased by 0.7% to $149.3 billion, with USDT and USDC holding market shares of 79.5% and 16.9%,…
