Crypto Coinfessions ✖️ – Telegram
Crypto Coinfessions ✖️
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#Tezos (#XTZ) #cryptocurrency, native to the eponymous blockchain, has seen a 5% increase in value since July 6, when it announced its new technological innovation described as a rollup driver, according to #CriptoNoticias.

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The latest update on #inflation in the U.S. will drop on the lap of investors, with June #CPI #report scheduled to be released on Wednesday, according to #SeekingAlpha.

#Economists forecast headline inflation to fall to 3.0% from 4.0% in May and core inflation to be reported at 5.0% from 5.3% in May.

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If for the next few weeks the dominance of #USDT falls below 6.5% it will suggest that traders are buying cryptocurrencies and resuming their positions. For now, most rest their capital in dollars waiting for a new reason for investment.

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#CME's #bitcoin #futures #market has seen open interest surge, with the metric hitting $2.7 billion.

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After struggling near the 50-day SMA ($12.99) for several days, #Avalanche #AVAX successfully scaled the level on July 8, according to #Cointelegraph.

The moving averages are close to completing a bullish crossover and the RSI has jumped into the positive territory. This suggests that bulls have an edge. The AVAX/USDT pair could rise to $16 where the bears may again mount a strong defense.

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#Spot #bitcoin #exchange-traded fund-fueled rally has stopped translating into increasing crypto exchange volumes, data from #TheBlock #Research shows.

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#Bitcoin open interest expressed in native units has stabilised around 268k #BTC in July, retreating from a multi-month high of over 300k BTC hit mid-June, according to #Kaiko.

Funding rates briefly flipped negative last week for the first time since May before recovering to more neutral levels.

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According to data from #TradingView, #Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly 50%.
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Quarterly Transactions on #Bitcoin Network Reached New All-Time High, according to #CryptoRank

The number of transactions on the Bitcoin #blockchain in Q2 2023 significantly increased due to the popularity of #Ordinals and #BRC20.

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Subsequently, and according to the weekly close, #Bitcoin #BTCUSD #BTCUSDT apparently the region of $30k and $31k will be an accumulation zone that could take some time to define the next movement. For now we have a neutral market but sensitive to any sudden changes.

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#Bluechip #DeFi tokens, including #COMP, #MKR, #AAVE, and #UNI, have outperformed #ETH over the last month and a half, according to #kaiko.

COMP has posted 55% gains since the start of June, followed closely by #MKR at 47%. Meanwhile, #AAVE and UNI have gained 14% and 10%, ...

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Price of the #Kava (#KAVA) #cryptocurrency increased from USD 0.90 to USD 1.02 in 24 hours, according to #CriptoNoticias.

This growth represents 13.33. Although its price fell slightly later, it continues to be one of the currencies with the highest appreciation of the week.

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Total #Stablecoin #Supply Has Dropped below $130 Billion, according to #CryptoRank The total market cap of stablecoins has decreased slightly over the past 30 days.

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#Bitcoin’s seven-day active addresses have failed to exceed 1 million, only reaching the same levels as three months ago, according to #CoinTelegraph.

Moreover, the recent peak of 1.02 million addresses in April 2023 was 16% lower than the all-time high in January 2021.

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#Stablecoins have established themselves as the main medium of exchange within the crypto ecosystem and as a gateway into it, according to #BIS #Report.

They are so-called because they aim to maintain a stable value relative to a specified asset or pool of assets. Stablecoins are usually pegged to a numeraire, almost always the US dollar, but can also target the price of other #currencies or assets (eg #gold or even other #cryptoassets).

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Despite the #volatility #Bitcoin experienced in 2023, the extended sideways movement between February and July has proved to be fertile ground for accumulation, according to #CryptoSlate #News.

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Experts at #Santiment analyzed the trade volume metric for #MATIC and #BNB, which represents adoption and utility of the tokens among crypto market participants.

Both these altcoins have seen a particularly high interest from traders, when Both these altcoins have seen a particularly high interest from traders, when compared to other altcoins in the ecosystem.

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#Ether #Ethereum (#ETH) staking is nearing a key milestone of 20% of all tokens locked up in staking contracts, but inflows have slowed after an initial rush as investors grow cautious about regulatory risks.

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#Eurozone Producer Price Inputs declined 1.5%, led by a 5% MoM decline in energy prices, according to #Paradim.As a lead on Consumer Prices, this suggests Eurozone inflation is quickly heading sub 2%.

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#Binance maintains its dominant position in the market throughout H1 2023, and according to #Coinmarketcap #Report #News, with a total spot trading volume share of 59.99%,remaining relatively stable compared to the same period last year.

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#Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high, according to #CBNC #News.

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