On February 2, $BTC , $ETH , and $SOL saw a mild rebound after earlier declines. Despite weak prices, Ethereum and Solana showed strong on-chain activity, with Ethereum’s daily active addresses, new addresses, and transactions growing by 27.5%, 26.8%, and 36%, respectively. Ethereum hit record highs with 427,000 daily new addresses in January and 1.2 million daily active addresses. Goldman Sachs noted Ethereum’s market value is below its realized value, meaning most holders are at a loss. Timothy Misir from BRN emphasized that stable ETF fund flows are crucial for a sustainable rebound.
BTC
78,831.71
+2.56%
ETH
2,318.82
+3.44%
SOL
104.17
+2.35%