#US #Trade Deficit Widens, Posing Challenges for #Economic Growth
The trade deficit in the United States has seen its most significant rise in eight years, broadening by $14.0 billion to hit $74.6 billion in April, as reported by the US Department of Commerce on Wednesday, 7.
Click here to learn more
The trade deficit in the United States has seen its most significant rise in eight years, broadening by $14.0 billion to hit $74.6 billion in April, as reported by the US Department of Commerce on Wednesday, 7.
Click here to learn more
💯2❤1👍1
Last week the #CBOE's #Volatility Index (#VIX) fell to its pre-pandemic levels while the #S&P500 technically entered a #bullmarket (up more than 20% from recent lows). #bitcoin
The VIX measures the expected volatility of the S&P 500 over the next 30 days.
While the current low levels of the VIX can be explained by technical factors such as options supply and demand, historically, it tends to decrease during periods of market optimism and increase during equities sell-offs.
Click here to learn more
The VIX measures the expected volatility of the S&P 500 over the next 30 days.
While the current low levels of the VIX can be explained by technical factors such as options supply and demand, historically, it tends to decrease during periods of market optimism and increase during equities sell-offs.
Click here to learn more
👍1
According to #glassnode, We can see that aggregate transfer volume is also trading at cyclical lows. #bitcoin #crypto
This week did not see any appreciable uptick on overall transfer volume, remaining at around $2.85B/day.
Click here to learn more
This week did not see any appreciable uptick on overall transfer volume, remaining at around $2.85B/day.
Click here to learn more
👍1
According to the Institute for Supply Management (#ISM), the #US services sector experienced minimal growth in May, primarily due to a decline in new orders.
The non-manufacturing #PMI reported a reading of 50.3 while the consensus forecast was 52.2.
Click here to learn more
The non-manufacturing #PMI reported a reading of 50.3 while the consensus forecast was 52.2.
Click here to learn more
👍1
#Cash Is The Most Widely Used #Payment Method At Points Of Sale In The #EuroZone
According to the results of the study carried out by the European institution, the payment habits of consumers in the euro area revealed that cash was the most used method.
Likewise, a first study was carried out on the use of cash by companies, and it was concluded that 96% of those that provided services, especially to private clients, accepted cash and more than 90% plan to continue accepting it in the future.
Click here to learn more
According to the results of the study carried out by the European institution, the payment habits of consumers in the euro area revealed that cash was the most used method.
Likewise, a first study was carried out on the use of cash by companies, and it was concluded that 96% of those that provided services, especially to private clients, accepted cash and more than 90% plan to continue accepting it in the future.
Click here to learn more
👍2
A positive #fundingrate indicates that longs (buyers) demand more leverage. #btc #eth #cointelegraph
Still, the opposite situation occurs when shorts (sellers) require additional leverage, causing the funding rate to turn negative.
Click here to learn more
Still, the opposite situation occurs when shorts (sellers) require additional leverage, causing the funding rate to turn negative.
Click here to learn more
💯2👍1
#Bitcoin (#BTC) is currently undervalued compared to the #SP500, based on a metric that conducts an Ordinary Least Squares (OLS) regression analysis of the relationship between Bitcoin and the S&P 500 over the past 200 days.
Click here to learn more
Click here to learn more
👍3
The #market remains at a decision point as the #Bitcoin Spot Price continues to indecisively oscillate around the Short-Term Holder Cost-Basis, according to #glassnode.
A retest and strong bounce off of the Cost-Basis would suggest significant strength in the prevailing trend, whilst a decisive break below would infer weakness in the current market.
Click here to learn more
A retest and strong bounce off of the Cost-Basis would suggest significant strength in the prevailing trend, whilst a decisive break below would infer weakness in the current market.
Click here to learn more
❤2👍1
#Bitcoin fell 1.2% on the week, an amazing feat given the news about #Coinbase and #Binance that came out over the week.
At one point, bitcoin had clawed back nearly all of its losses sustained in the wake of the Binance announcement, a testament to how washed out the sentiment was for the asset.
Click here to learn more
At one point, bitcoin had clawed back nearly all of its losses sustained in the wake of the Binance announcement, a testament to how washed out the sentiment was for the asset.
Click here to learn more
👍2
#HedgeFunds have continued their record-breaking trend of selling short-dated U.S. Treasuries.
According to data compiled by the Commodity Futures #Trading Commission, leveraged investors have increased their net-short two-year Treasury positions for an 11th consecutive week up until June 6, 2023.
Click here to learn more
According to data compiled by the Commodity Futures #Trading Commission, leveraged investors have increased their net-short two-year Treasury positions for an 11th consecutive week up until June 6, 2023.
Click here to learn more
👍3
Currently, the #Tether premium on #OKX stands at 99.8%, indicating a balanced demand from retail investors, according #cointelegraph.
Consequently, the indicator shows resilience considering the cryptocurrency markets dropped 17.7% over the last eight weeks to $1.06 trillion from $1.29 trillion.
Click here to learn more
Consequently, the indicator shows resilience considering the cryptocurrency markets dropped 17.7% over the last eight weeks to $1.06 trillion from $1.29 trillion.
Click here to learn more
❤1👍1
#Bitcoin (#BTC) whales are heavily accumulating despite weak price action, adding around $26 million per day since April 9th, as reported by #Santiment.
Click here to learn more
Click here to learn more
👍1
Ethereum Name Services (#ENS) is the most popular crypto domain provider, with 3.25 million registered domains as of June 2023.
#UnstoppableDomains came in closely at 3.05 million registered crypto domains, followed by SPACE ID with 1.08 million registered domains and Lens Protocol with 0.12 million registered profiles.
Click here to learn more
#UnstoppableDomains came in closely at 3.05 million registered crypto domains, followed by SPACE ID with 1.08 million registered domains and Lens Protocol with 0.12 million registered profiles.
Click here to learn more
👍1
For the next few months, it is important that #Bitcoin Dominance rise above 51% so as not to enter a period of linear recession.
Relative Volatility Index (#RVI) begins to trend towards 56.15% of long-term #market dominance.
Click here to learn more
Relative Volatility Index (#RVI) begins to trend towards 56.15% of long-term #market dominance.
Click here to learn more
❤4👍2🏆1
Trading volume on #BNB Chain #DEXs accounted for nearly 27% of DEX volumes across Layer 1s in May, behind only #Ethereum DEXs' 45% share.
Click here to learn more
Click here to learn more
👍4
Fed fund futures show interest-rate traders expect the central bank to hold the benchmark borrowing cost steady in the 5%-5.25% range, having raised by 500 basis points (5 percentage points) since March 2022. #CPI #BITCOIN #FED
Fed funds futures showed just over a 50% probability of the Fed raising rates by another 25 basis points in July. Implied rate cuts from the year-end have been priced out of the forward rates curve.
Click here to learn more
Fed funds futures showed just over a 50% probability of the Fed raising rates by another 25 basis points in July. Implied rate cuts from the year-end have been priced out of the forward rates curve.
Click here to learn more
👍4🔥1
#Bitcoin’s social volume declined after the asset’s price rally in March, according to data from crypto intelligence tracker Santiment.#ETHEREUM #BNB #XRP
Social volume is built on top of social data collected by the tracker. The platform combs text documents containing the asset name at least once, on #Twitter, #Telegram and #Reddit.
Click here to learn more
Social volume is built on top of social data collected by the tracker. The platform combs text documents containing the asset name at least once, on #Twitter, #Telegram and #Reddit.
Click here to learn more
👍4❤1💯1
From: rubikkav.nft
#Bitcoin Long-Term Holders are remarkably calm, displaying no discernible reaction to the news related to the hostile #US regulatory environment.
Click here to learn more
#Bitcoin Long-Term Holders are remarkably calm, displaying no discernible reaction to the news related to the hostile #US regulatory environment.
Click here to learn more
👍1
The demand for leveraged #BTC #BITCOIN longs has slightly increased, as the futures contract premium increased to 3% from 1.7% on June 10, although it is still far from the neutral 5% threshold.
Click here to learn more
Click here to learn more
👍3
#LSDfi has grown significantly since the beginning of the year, with various protocols drawing in more than $400M worth of liquid staked derivatives (LSDs) for use within #DeFi.
Leading the pack is Lybra Finance, which has attracted over $170M worth of LSDs.
Click here to learn more
Leading the pack is Lybra Finance, which has attracted over $170M worth of LSDs.
Click here to learn more
👍1