💥 Cryptocurrency price dynamics 15.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +8.8%.
🟢 BTC - $ 20,624.70 (+2.7%)
🟢 ETH - $ 1,202.49 (+8.8%)
🟢 BNB - $ 237.67 (+3.0%)
🟢 XRP - $ 0.341032 (+5.9%)
🟢 ADA - $ 0.441838 (+2.7%)
🟢 SOL - $ 37.05 (+7.6%)
🟢 DOGE - $ 0.062485 (+2.9%)
🟢 DOT - $ 6.72 (+3.4%)
🟢 SHIB - $ 0.00001063 (+2.7%)
🟢 TRX - $ 0.067293 (+2.1%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +8.8%.
🟢 BTC - $ 20,624.70 (+2.7%)
🟢 ETH - $ 1,202.49 (+8.8%)
🟢 BNB - $ 237.67 (+3.0%)
🟢 XRP - $ 0.341032 (+5.9%)
🟢 ADA - $ 0.441838 (+2.7%)
🟢 SOL - $ 37.05 (+7.6%)
🟢 DOGE - $ 0.062485 (+2.9%)
🟢 DOT - $ 6.72 (+3.4%)
🟢 SHIB - $ 0.00001063 (+2.7%)
🟢 TRX - $ 0.067293 (+2.1%)
☝Analyst Justin Bennett allows the possibility of the bitcoin rate to fall to $8500
⬇️Crypto analyst and trader Justin Bennett warned that bitcoin rate may collapse, because the cryptocurrency market is affected by several macroeconomic factors. Among them, the analyst attributed the record inflation in the US for 40 years, tough measures by the Federal Reserve System (Fed) to combat it, the fall in the value of stocks and the global recession. According to him, a bear flag forming on the BTC price chart indicates a possible decline to the ~$8 500 mark.
https://getblock.net/en/news/analyst-justin-bennett-allows-the-possibility-of-the-bitcoin-rate-to-fall-to-8500
⬇️Crypto analyst and trader Justin Bennett warned that bitcoin rate may collapse, because the cryptocurrency market is affected by several macroeconomic factors. Among them, the analyst attributed the record inflation in the US for 40 years, tough measures by the Federal Reserve System (Fed) to combat it, the fall in the value of stocks and the global recession. According to him, a bear flag forming on the BTC price chart indicates a possible decline to the ~$8 500 mark.
https://getblock.net/en/news/analyst-justin-bennett-allows-the-possibility-of-the-bitcoin-rate-to-fall-to-8500
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Bitcoin
After reaching support around $19 000, bitcoin formed a clear local uptrend and continues to recover. The key resistance level for the asset is a mark of $22 000, where the upper edge of the wedge passes.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-15072022
#BTC #Analytics
After reaching support around $19 000, bitcoin formed a clear local uptrend and continues to recover. The key resistance level for the asset is a mark of $22 000, where the upper edge of the wedge passes.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-15072022
#BTC #Analytics
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💡ECB calls the condition for the success of the digital euro
📢The European Central Bank (ECB) has named a condition for the success of the digital euro. According to the regulator's blog, the currency must first gain wide acceptance among European users and become part of their daily lives, which will increase its value “compared with existing solutions.” Also, the ECB President Christine Lagarde and Executive Board member Fabio Panetta noted that the digital euro is meant to be used as a means of payment, not as an investment.
https://getblock.net/en/news/ecb-calls-the-condition-for-the-success-of-the-digital-euro
📢The European Central Bank (ECB) has named a condition for the success of the digital euro. According to the regulator's blog, the currency must first gain wide acceptance among European users and become part of their daily lives, which will increase its value “compared with existing solutions.” Also, the ECB President Christine Lagarde and Executive Board member Fabio Panetta noted that the digital euro is meant to be used as a means of payment, not as an investment.
https://getblock.net/en/news/ecb-calls-the-condition-for-the-success-of-the-digital-euro
❗️Celsius liabilities exceed assets by $1,2 billion
💰Celsius' liabilities to customers and creditors exceeded the amount of assets in its accounts by $1,2 billion. That's according to documents provided by the company as part of its bankruptcy and restructuring proceedings. Thus, the total debt of Celsius is $5,5 billion. After repaying loans from DeFi-protocols Maker, Aave and Compound, the platform returned $1 billion in collateral, and the company now has a total of $4,3 billion in its accounts.
https://getblock.net/en/news/celsius-liabilities-exceed-assets-by-12-billion
💰Celsius' liabilities to customers and creditors exceeded the amount of assets in its accounts by $1,2 billion. That's according to documents provided by the company as part of its bankruptcy and restructuring proceedings. Thus, the total debt of Celsius is $5,5 billion. After repaying loans from DeFi-protocols Maker, Aave and Compound, the platform returned $1 billion in collateral, and the company now has a total of $4,3 billion in its accounts.
https://getblock.net/en/news/celsius-liabilities-exceed-assets-by-12-billion
📉OpenSea to cut 20% of its staff
💼NFT-marketplace OpenSea will cut about 20% of its staff. This was announced on Twitter by the platform's co-founder and CEO Devin Finzer. The decision was made to reduce the company's costs amid a downturn in the cryptocurrency market.
https://getblock.net/en/news/opensea-to-cut-20-of-its-staff
💼NFT-marketplace OpenSea will cut about 20% of its staff. This was announced on Twitter by the platform's co-founder and CEO Devin Finzer. The decision was made to reduce the company's costs amid a downturn in the cryptocurrency market.
https://getblock.net/en/news/opensea-to-cut-20-of-its-staff
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🤔Ripple: 76% of financial institutions plan to use cryptocurrencies
📊According to a survey conducted by payment protocol developer Ripple, 76% of financial institutions worldwide plan to start using cryptocurrencies in the next three years. For other types of businesses, the figure is 71%. Most respondents want to use digital assets as a means of payment. Also, some of those surveyed emphasized that cryptocurrency is good as an investment to protect against inflation.
https://getblock.net/en/news/ripple-76-of-financial-institutions-plan-to-use-cryptocurrencies
📊According to a survey conducted by payment protocol developer Ripple, 76% of financial institutions worldwide plan to start using cryptocurrencies in the next three years. For other types of businesses, the figure is 71%. Most respondents want to use digital assets as a means of payment. Also, some of those surveyed emphasized that cryptocurrency is good as an investment to protect against inflation.
https://getblock.net/en/news/ripple-76-of-financial-institutions-plan-to-use-cryptocurrencies
📈UNI token goes up 11% after listing on Robinhood
✅Cryptocurrency broker Robinhood has added the native token of decentralized exchange Uniswap (UNI) to its platform. A total of 13 digital assets are now available on Robinhood. UNI is up more than 11% since listing on the platform. As of July 15, 12:00 UTC, the asset is trading at $6,97 (according to Binance).
https://getblock.net/en/news/uni-token-goes-up-11-after-listing-on-robinhood
✅Cryptocurrency broker Robinhood has added the native token of decentralized exchange Uniswap (UNI) to its platform. A total of 13 digital assets are now available on Robinhood. UNI is up more than 11% since listing on the platform. As of July 15, 12:00 UTC, the asset is trading at $6,97 (according to Binance).
https://getblock.net/en/news/uni-token-goes-up-11-after-listing-on-robinhood
🌪Chainalysis: 23% of funds in crypto mixers are associated with illegal activities
📋According to a report by analytics company Chainalysis, in 2022 23% of funds sent to the mixers of cryptocurrency transactions are linked to illegal addresses. In 2021, their share was only 12%. Most of the illegal assets came from Russia and North Korea. Analysts also noted that mixers received a total of more funds this year than ever before.
https://getblock.net/en/news/chainalysis-23-of-cryptomixers-funds-are-related-to-illegal-activities
📋According to a report by analytics company Chainalysis, in 2022 23% of funds sent to the mixers of cryptocurrency transactions are linked to illegal addresses. In 2021, their share was only 12%. Most of the illegal assets came from Russia and North Korea. Analysts also noted that mixers received a total of more funds this year than ever before.
https://getblock.net/en/news/chainalysis-23-of-cryptomixers-funds-are-related-to-illegal-activities
🎰MetaMask founders compare crypto industry to casino
🗣Aaron Davis and Dan Finlay, co-founders of crypto wallet MetaMask, compared the current cryptocurrency ecosystem to a casino, adding that many projects in the industry are structured along Ponzi schemes. Davis reported that he was “100 percent not surprised” by the recent collapse of projects based on a similar investment scheme or P2E (“play to earn”) model. Finlay attributed the bankruptcy of several crypto brokers to the dishonesty of individual market players falsely positioning themselves as DeFi projects.
https://getblock.net/en/news/metamask-founders-compare-crypto-industry-to-casino
🗣Aaron Davis and Dan Finlay, co-founders of crypto wallet MetaMask, compared the current cryptocurrency ecosystem to a casino, adding that many projects in the industry are structured along Ponzi schemes. Davis reported that he was “100 percent not surprised” by the recent collapse of projects based on a similar investment scheme or P2E (“play to earn”) model. Finlay attributed the bankruptcy of several crypto brokers to the dishonesty of individual market players falsely positioning themselves as DeFi projects.
https://getblock.net/en/news/metamask-founders-compare-crypto-industry-to-casino
☝️CoinFLEX exchange resumes withdrawals in limited mode
❗️On July 15, cryptocurrency exchange CoinFLEX resumed the withdrawal function for customers in a limited mode. Users have 10% of the assets on their balances available to withdraw except for flexUSD stablecoins, which will be frozen until further notice. The remaining 90% will not be available for withdrawal, trading, or use as collateral. Herewith, the assets will be displayed on users’ accounts, the exchange’s representatives said in a blog post.
https://getblock.net/en/news/coinflex-exchange-resumes-withdrawals-in-limited-mode
❗️On July 15, cryptocurrency exchange CoinFLEX resumed the withdrawal function for customers in a limited mode. Users have 10% of the assets on their balances available to withdraw except for flexUSD stablecoins, which will be frozen until further notice. The remaining 90% will not be available for withdrawal, trading, or use as collateral. Herewith, the assets will be displayed on users’ accounts, the exchange’s representatives said in a blog post.
https://getblock.net/en/news/coinflex-exchange-resumes-withdrawals-in-limited-mode
📊Circle publishes detailed report on the USDC supply
📋️Circle has published a detailed report on the reserves backing the USDC stablecoin. As of June 30, the stablecoin had a capitalization of $55,57 billion and $55,7 billion in collateral. Of this amount, $13,58 billion in fiat is held at regulated banks: Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, Signature Bank, Silicon Valley Bank, Silvergate Bank, and US Bancorp. Another 42,12 billion is placed in US Treasury short-term bonds, which have an average maturity of 44 days.
https://getblock.net/en/news/circle-publishes-detailed-report-on-the-usdc-supply
📋️Circle has published a detailed report on the reserves backing the USDC stablecoin. As of June 30, the stablecoin had a capitalization of $55,57 billion and $55,7 billion in collateral. Of this amount, $13,58 billion in fiat is held at regulated banks: Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, Signature Bank, Silicon Valley Bank, Silvergate Bank, and US Bancorp. Another 42,12 billion is placed in US Treasury short-term bonds, which have an average maturity of 44 days.
https://getblock.net/en/news/circle-publishes-detailed-report-on-the-usdc-supply
♻️Ethereum’s transition to PoS scheduled for September 19-25
👥During an online conference, Ethereum developers have tentatively scheduled the blockchain’s transition from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS) for September 19-25. The final date will depend on the results of the merger on the Goerli testnet, which is due to take place on August 11.
https://getblock.net/en/news/ethereums-transition-to-pos-scheduled-for-september-19-25
👥During an online conference, Ethereum developers have tentatively scheduled the blockchain’s transition from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS) for September 19-25. The final date will depend on the results of the merger on the Goerli testnet, which is due to take place on August 11.
https://getblock.net/en/news/ethereums-transition-to-pos-scheduled-for-september-19-25
💰Bitfinex exchange to donate $1,3 million in cryptocurrency to El Salvador
🤝Cryptocurrency exchange Bitfinex will donate 36 bitcoins ($755 676 at the Binance rate as of July 25, 13:30 UTC) and 600 000 Tether (USDT) stablecoins to help small businesses and communities in El Salvador. The funds are primarily intended for businesses in the most socially disadvantaged areas of the country — Ilopango, Soyapango, and Apopa.
https://getblock.net/en/news/bitfinex-exchange-to-donate-13-million-in-cryptocurrency-to-el-salvador
🤝Cryptocurrency exchange Bitfinex will donate 36 bitcoins ($755 676 at the Binance rate as of July 25, 13:30 UTC) and 600 000 Tether (USDT) stablecoins to help small businesses and communities in El Salvador. The funds are primarily intended for businesses in the most socially disadvantaged areas of the country — Ilopango, Soyapango, and Apopa.
https://getblock.net/en/news/bitfinex-exchange-to-donate-13-million-in-cryptocurrency-to-el-salvador
👍Central African Republic to launch Sango bitcoin sidechain
🚀On July 25, the Central African Republic (CAR) plans to launch Sango, a bitcoin sidechain, The Block reports, citing a letter from the developers. The platform will have built-in bitcoin interoperability through a two-way peg mechanism. Users who deposit BTC into the Sango sidechain will be able to mine Sango Bitcoin (s-BTC), a wrapped version of bitcoin. To participate in the project, users will need to go through the know your customer (KYC) procedure.
https://getblock.net/en/news/central-african-republic-to-launch-sango-bitcoin-sidechain
🚀On July 25, the Central African Republic (CAR) plans to launch Sango, a bitcoin sidechain, The Block reports, citing a letter from the developers. The platform will have built-in bitcoin interoperability through a two-way peg mechanism. Users who deposit BTC into the Sango sidechain will be able to mine Sango Bitcoin (s-BTC), a wrapped version of bitcoin. To participate in the project, users will need to go through the know your customer (KYC) procedure.
https://getblock.net/en/news/central-african-republic-to-launch-sango-bitcoin-sidechain
⚡️DeFi market capitalization down by 74% in three months
📉The decentralized finance (DeFi) market capitalization fell by 74,6% during the second quarter of 2022, from $142 million to $36 million. One of the reasons was the May collapse of the Terra ecosystem and its UST stablecoin, according to a report by crypto market data aggregator CoinGecko. Another factor was the rise in hacks of DeFi platforms. Analysts believe that the hacking attacks have negatively affected the value of tokens as investors have lost faith in the projects affected by the hacks.
https://getblock.net/en/news/defi-market-capitalization-down-by-74-in-three-months
📉The decentralized finance (DeFi) market capitalization fell by 74,6% during the second quarter of 2022, from $142 million to $36 million. One of the reasons was the May collapse of the Terra ecosystem and its UST stablecoin, according to a report by crypto market data aggregator CoinGecko. Another factor was the rise in hacks of DeFi platforms. Analysts believe that the hacking attacks have negatively affected the value of tokens as investors have lost faith in the projects affected by the hacks.
https://getblock.net/en/news/defi-market-capitalization-down-by-74-in-three-months
💥 Cryptocurrency rate dynamics 19.07.2022💥
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬇️ the largest drop over the day showed - Ripple: -1.7%.
🔴 BTC - $ 20,603.35 (-0.2%)
🟢 ETH - $ 1,208.83 (+0.5%)
🔴 BNB - $ 235.31 (-1.1%)
🔴 XRP - $ 0.335213 (-1.7%)
🔴 ADA - $ 0.436737 (-1.3%)
🔴 SOL - $ 36.81 (-0.7%)
🔴 DOGE - $ 0.062066 (-0.8%)
🔴 DOT - $ 6.67 (-0.8%)
🔴 SHIB - $ 0.00001064 (-0.1%)
🔴 TRX - $ 0.066440 (-1.4%)
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬇️ the largest drop over the day showed - Ripple: -1.7%.
🔴 BTC - $ 20,603.35 (-0.2%)
🟢 ETH - $ 1,208.83 (+0.5%)
🔴 BNB - $ 235.31 (-1.1%)
🔴 XRP - $ 0.335213 (-1.7%)
🔴 ADA - $ 0.436737 (-1.3%)
🔴 SOL - $ 36.81 (-0.7%)
🔴 DOGE - $ 0.062066 (-0.8%)
🔴 DOT - $ 6.67 (-0.8%)
🔴 SHIB - $ 0.00001064 (-0.1%)
🔴 TRX - $ 0.066440 (-1.4%)
☝️BitMEX analysts predicted bitcoin recovery in early 2023
📊Representatives of crypto exchange BitMEX believe that the bitcoin rate will begin to recover in early 2023. The experts’ assumption is based on an analysis of changes in the market value to realized value (MVRV) ratio of the asset during previous bear cycles.
https://getblock.net/en/news/bitmex-analysts-predicted-bitcoin-recovery-in-early-2023
📊Representatives of crypto exchange BitMEX believe that the bitcoin rate will begin to recover in early 2023. The experts’ assumption is based on an analysis of changes in the market value to realized value (MVRV) ratio of the asset during previous bear cycles.
https://getblock.net/en/news/bitmex-analysts-predicted-bitcoin-recovery-in-early-2023
Bitcoin
On the daily timeframe, bitcoin is approaching the global downtrend, which has repeatedly worked out and caused the cryptocurrency’s rate to crash. If in case the wedge is realized, the support level of around $19 000 will not be able to restrain the fall, the asset will start to decline to the next key support, which is around $13 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-16072022
#BTC #Analytics
On the daily timeframe, bitcoin is approaching the global downtrend, which has repeatedly worked out and caused the cryptocurrency’s rate to crash. If in case the wedge is realized, the support level of around $19 000 will not be able to restrain the fall, the asset will start to decline to the next key support, which is around $13 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-16072022
#BTC #Analytics
⬇️Coinbase has left the top 10 crypto exchanges in terms of trading volumes
📃Cryptocurrency exchange Coinbase has dropped out of the top 10 digital asset exchanges in terms of trading volume, moving up to 14th place. Since 2021, Coinbase was ranked 4th, Bloomberg reports, citing a report from Mizuho Securities USA.
https://getblock.net/en/news/coinbase-has-left-the-top-10-crypto-exchanges-in-terms-of-trading-volumes
📃Cryptocurrency exchange Coinbase has dropped out of the top 10 digital asset exchanges in terms of trading volume, moving up to 14th place. Since 2021, Coinbase was ranked 4th, Bloomberg reports, citing a report from Mizuho Securities USA.
https://getblock.net/en/news/coinbase-has-left-the-top-10-crypto-exchanges-in-terms-of-trading-volumes
🗣Arthur Hayes calls the condition for the bitcoin rate rise
💰Arthur Hayes, the co-founder and former head of the BitMEX exchange, believes that the US Federal Reserve System (Fed) will soon start printing money again if the dollar continues to strengthen against international currencies. In his view, this will have a positive impact on the bitcoin rate. Hayes urged to keep an eye on the Japanese yen and the euro. He expects a currency intervention to weaken the US dollar if it strengthens above 150 Japanese yen, or if the euro falls below $0,9.
https://getblock.net/en/news/arthur-hayes-calls-the-condition-for-the-bitcoin-rate-rise
💰Arthur Hayes, the co-founder and former head of the BitMEX exchange, believes that the US Federal Reserve System (Fed) will soon start printing money again if the dollar continues to strengthen against international currencies. In his view, this will have a positive impact on the bitcoin rate. Hayes urged to keep an eye on the Japanese yen and the euro. He expects a currency intervention to weaken the US dollar if it strengthens above 150 Japanese yen, or if the euro falls below $0,9.
https://getblock.net/en/news/arthur-hayes-calls-the-condition-for-the-bitcoin-rate-rise