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#Ethereum #DEX Volume Dominance Decreasing

Ethereum mainnet’s role as the hub for DEX trading volumes is showing signs of weakness. For the first time since the end of 2021, Ethereum’s 90 day moving average in DEX trading volumes is beginning to decrease. - source.

Monthly #DEX volume on #Arbitrum and #Optimism now sits at around 20% of #Ethereum’s monthly volume. - read more.

#Tether Continues To trade At A Slight Premium

#USDT has been trading at a premium on centralized exchanges ever since the March banking crisis, which saw traders rotate funds out of USDC amid fears surrounding Circle's reserves. - read more.

Token Prices Largely Rallied Across All Sectors, But #BTC #Bitcoin Outperformed Most Of Them

All top 5 cryptocurrencies recorded double digit gains. BTC outperformed everyone else with a 72% increase, followed by #ADA (+62%), #XRP (+58%), #ETH(+52%) and #BNB (+52%). - source.

#BTC #Bitcoin Open Interest Falls As Longs Are Liquidated

After starting the month around $7.5B we saw about $500m of liquidation, before a huge run up of new contracts opened on April 10th. - read more.

Over the past 6 months, #Bitcoin's correlation with the S&P 500 and #Nasdaq has waned considerably.

Correlations with Gold were also waning over the same time period until the SVB collapse and US gov intervention. - source.

#Bitcoin market found resistance this week, reverting from the weekly high above $30,456k, back down to a low of $27,169k. - read more.

The Web3 games that have the most players this year so far are Alien Worlds (world-building strategy game) and Splinterlands (trading card game), which have an average of around 130K+ players daily. - read more.

Q1 2023 was #Ethereum’s second quarter of negative net issuance. As market sentiment improved, there was an uptick in on-chain activity, which led to higher fees and greater burn. read more.

Active addresses on #Ethereum fell over the week to a daily average of 454K per day, a drop of 21% from the week prior. read more.

#Gold, one of the world's oldest and most revered assets, is experiencing a boom time. - read more.

#DEX traders on #Ethereum jumped up to 72.19k on Apr 19, once again driven by the memecoin mania. It's the highest number of daily DEX traders since the end of 2021, over a year ago. read more.

The Accumulation Cycle Still Intact,

Despite the Recent Correction #Bitcoin has moved into a -10 percent correction after ascending almost 100 percent during early 2023. While the price action looks bad, traders should still remember to stay calm. read more.

1inch Network's aggregator continued to dominate volume. The platform accounted for 59% of the total aggregator volume in Q1, an increase from 47% in Q4'22. - source.

MVRV 30D MA reaches an 11 month high 🔥 #BITCOIN

"It is important to note that, historically, MVRV has been an excellent indicator to detect major top/bottom or the local top/bottom that occurred in the trend transition phase." - source.

#CME #Ether OI has fully retraced from the past week - link.

#Uniswap Protocol has officially passed $1.5T in trading volume. - link.

Just minutes after US stock markets winded down their rough day, #crypto has had signs of life. - read more.

Look here the next #bitcoin #btcusd #btcusd #btc support 👇🏻 here #premium

https://social.wubits.io/wubits/home/64482cb8a85b36004205eea7

#BTC #Bitcoin Active Addresses 30D MA, break through the 18-month high!

"Market demand seems to have flowed in with the recovery phase."

Source: 👉🏻 https://bit.ly/3n1WxFU