[Xangle Briefing] Shanghai Stock Market down by 8% while Bitcoin’s 7-Day On-chain Transaction Volume is up by 45%
- 2.74 million new wallets within the last 7 days
- Investors should watch for impact of January’s economic indexes like the ISM Manufacturing Index
According to the crypto disclosure platform Xangle, Bitcoin’s 7-day on-chain transaction volume has increased by 44.29% to $71.5B USD, and Ethereum’s volume increased by 35.45% to $1.7B USD. There were 2.74M new wallets on the Bitcoin network, and 520K on Ethereum. Alternative’s Crypto Fear & Greed Index stands at 57 for greed, indicating optimism in the market.
To the contrary, due to the Coronavirus outbreak, the Shanghai stock market opened after 6 days of suspended trading to start at -8.05%. The S&P VIX index increased by 21.63% to reach the highest point since October last year, an index which indicates the level of volatility expected for the next 30 days.
Investors are cautioned to look out for the release of January’s economic indexes which could have an influence on the token prices.
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