🎉 The majority of the #crypto community attributed today's price increases to #Grayscale's victory over the #SEC.

The court ruled in favor of Grayscale, feeling that the SEC had exceeded its authority by blocking the conversion. Optimism has increased since then.

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#Bitcoin is back in the spotlight as Greyscale emerges victorious from its SEC lawsuit. The next milestone? $30k.

Our on-chain data reveals that 6.2M addresses acquired ~2.6M $BTC between the current price and $30k.

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The most famous meme coin, #DOGE, had a new boost hours ago and is firm above $0.065.

The price of dogecoin (DOGE), the most famous memecoin, has achieved a slight increase of 2% in its price in the last day.

Read more: https://social.wubits.io/share/64f0afc5bdb5413f588d064a?rid=63dffbc796acc11510f0903b&utm_source=link

#Bitcoin is going down due to the #SEC's rejection of the approval of investment funds.

SEC is opting to delay (as expected) on spot bitcoin #ETF deadlines.

Bears won again!

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You don't know what to do with your Bitcoins for the next few months. Here we explain.👇 #Bitcoin #Bullish #Recession #Bearish #Volatility #premium

https://social.wubits.io/share/64f12f29bdb5413f588d6337?rid=63dffbc796acc11510f0903b&utm_source=link

From: rubikkav.nft

#Bitcoin or Altcoin. Which one do you prefer? 😂😂😂😅 #meme #CryptoMeme

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From: rubikkav.nft

The 30-day futures market sentiment index has failed to recover and continues to drop along with the price of #BTC.

The index takes into account the Financing Rate and Open Interest in a 50/50 ratio. When the index starts to rise, it can push the price of BTC higher.

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From: rubikkav.nft

🟢#BTC Velocity is a kind of turnover rate that indicates how well BTC is circulating in the market, according to the last #CryptoQuant #Report.

Velocity is currently at its lowest level since August 2020 and is still on a decline.Velocity has been moving through repeated h...

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From: rubikkav.nft

When the price of #BTC suddenly moves, we can see the magnitude of the bid falling into loss through changes in the Percent Bid to Profit metric.

Here we see that 12.8% (2.48 million #BTC) of the supply fell into an unrealized loss this week, setting a lower low on this metr...

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Main Scientific Discussions Compilation Around The Cryptocurrency Market After A Surprise Drop In Prices

📈Network fees for both Bitcoin and Ethereum dropped to their lowest in two months as on-chain activity faded in spite of the GBTC news.

🔥Bitcoin recorded modest inflows into CEXs of just $5M this week, and $170M in net outflows throughout August.

💋Ether continues to record larger outflows, with $380M leaving CEXs this week and a approximately $1.5M this month.

👉🏼Read the complete post here: https://www.publish0x.com/rubikkav/main-scientific-discussions-compilation-around-the-cryptocur-xwvnnyr

#Bitcoin #Ethereum #Cryptocurrency #CEXs #NetworkFees

From: rubikkav.nft

zkSync Era, a Layer 2 #zkEVM created by Matter Labs to scale Ethereum, has seen a consistent 15% week-over-week growth in #DEX volume over the past three months, with $5.5B+ DEX volume to-date, according to #ournetwork.

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From: rubikkav.nft

📈 Market Overview

Bitcoin price trades below $26K. The top-10 cryptos are traded in red zone:

XRP -1.37%
Solana -1.11%
Ethereum -0.75%

Market capitalization: $1.15T (-0.53%)
The BTC dominance: 43.68% (-0.13%)
Fear & Greed Index: 39 (Fear)

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From: rubikkav.nft

#Bitcoin is falling to realized losses at the 50-day moving average of the RPV index.

And if previous cycles tell us anything, this is the last time this happens until the top of the next cycle!

With each cycle, ...

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📈 Market Overview

#Bitcoin price trades below $26K. The top-10 cryptos are traded in different directions:

#XRP +1.07%
Bitcoin +0.5%
#Solana -0.79%

Market capitalization: $1.15T (+0.23%)
The BTC dominance: 43.76% (+0.26%)
Fear & Greed Index: 40 (Fear)

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The Long Term Holder cost base reached a new level each cycle. Zooming in on this plateau is actually full of information.

The drop, observed by the 90-day variation, is slowing down, indicating repetition of past cycles. #Bitcoin

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With just 230 days left until the #Bitcoin halving, it's likely to start getting a lot more media attention in the fourth quarter. #bullrun coming soon.

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📈 #Ethereum's network has exceeded 467K unique address interactions in a single day, the most since #ETF announcements began breaking back on June 16th. Upticks in utility are typically a common necessity for $ETH and other assets to increase in value.

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#Bitcoin Technical Analysis Shows That It Is At A Critical Point Where It Can Fail Possible Reversal That Everyone Is Waiting For

When the price of an asset is between a rock and a hard place, traders enter with uncertainty dominance.

Bitcoin may be in favor of the bulls and the bears consequently, but by previous histories, the battle may be won by the bears.

Technical analysis suggests that the main asset may seek the congruent point towards $22548.41, but if there is buying pressure it may exceed $29581.54.

Read the complete post here: https://www.publish0x.com/rubikkav/bitcoin-technical-analysis-shows-that-it-is-at-a-critical-po-xvzrwyv

From: rubikkav.nft

Chart shows the ratio between 30-day realized volatility for ether and #bitcoin and the 20-day moving average of the ratio.

The ratio has dropped below 1, meaning ether has recently seen less volatility than bitcoin, an unusual situation, according to historical data.

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From: rubikkav.nft

📈 #Cardano is still seeing an increase in #onchain transaction volume despite its subdued market cap compared to its April spot top.

Utility plays a big part in any recovery, and that, combined with the proper social mastery of the $ADA, still holds promise.

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