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Bitcoin’s correlation with gold is on the rise — link

Pantera Capital Opines That #Bitcoin $btc #btc Is Entering Its Seventh Bullish Cycle

The last bullish cycle, in 2021, is the shortest and the one that shows the lowest price increase. It lasted 113 days and in that cycle there was a doubling of the price. In the current cycle, the percentage increase is 55%, taking into account the maximum reached so far of UD 24,167, registered on February 2.

Read The Full Article - Source 📰 - by Rubikkav

The data points to a high degree of bottoming correlation between Bitcoin, gold, and the S&P 500, but not U.S. property. The covid period was a black swan event that would have exerted sell pressure among liquid asset classes.

Regarding topping, Bitcoin displayed a strong degree of correlation with the S&P 500 and the CSHPI, but not with gold.

Source 📰 - by cryptoslate

Crypto Market Daily Review

- The market is down today. Market cap is $1.04T, Bitcoin is trading at $21.8K. By icodrops

Best Liquid Staking Protocols

Stocks, Bitcoin, Gold and the Euro after the CPI report.

Crypto Market Daily Review

- The market is growing today. Market cap is $1.06T, Bitcoin is trading at $22.1K.

Current state of the market in our weekly overview.

Despite last year’s bear market, the total stablecoin market cap is down only -18% while the total crypto market cap is down -55% — link

Bitcoin Fun Facts as Inflation Recedes in the United States

As displayed in the above graph, the 7-day average Bitcoin daily trading volume has been at elevated values of about $10 billion during the past week. However, as is apparent, a vast majority of this volume is located on the cryptocurrency exchange Binance alone.

Read The Full Article - Source 📰 - by Rubikkav

Derivatives Exchanges move the market.

Weekly Bitcoin Highlights (2023.02.16)

"Optimism Among Investors in Derivative Markets Regarding Bitcoin and Ethereum, Yet One Metric To Keep an Eye on"

🔥BTC price has reached the level of $24,900 and it is now trading at ~$24,700.

Yesterday was the highest options 24h volume this year with over $3 billion notional — link

Crypto Market Daily Review

The market is down today. Market cap is $1.12T, Bitcoin is trading at $23.8K.

Bitcoin faces do-or-die weekly, monthly close with macro bull trend at stake

Bitcoin monthly RSI provides a window of hope as BTC bulls battle multiple long-term resistance trend lines in February.

Source - 📰

Too Soon to Call It The Bull Market!

"It is important to closely watch the long-term holders' SOPR metric in the short term to anticipate the price direction."
― Link

NFT Volume on Ethereum surpassed $1B in January. This is the first time Ethereum NFT Monthly Transaction Volume has hit $1B since June of 2022 — link

Crypto Market Daily Review

The market is neutral today. Market cap is $1.15T, Bitcoin is trading at $24.4K.

Stablecoins are still a small fraction relative to cash in circulation, especially in Europe. The end of BUSD could be an opportunity for EUR-pegged stablecoins which have had trouble taking off — link