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 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
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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
Regarding topping, Bitcoin displayed a strong degree of correlation with the S&P 500 and the CSHPI, but not with gold.
Source 📰 - by cryptoslate
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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
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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
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
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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 - 📰
Bitcoin monthly RSI provides a window of hope as BTC bulls battle multiple long-term resistance trend lines in February.
Source - 📰
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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
"It is important to closely watch the long-term holders' SOPR metric in the short term to anticipate the price direction."
― Link
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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
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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
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Ethereum Struggles To Secure Its Best Price While Bitcoin Tries To Break Death Cross Resistance
In this case, Etherum Price (ETH) passes 1,700 dollars, a level that it has not been able to sustain in recent days; After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to date; Bitcoin remains in a bull run trying to break the support of the weekly death cross; and other news.
Read The Full Article - Source 📰 - by Rubikkav
In this case, Etherum Price (ETH) passes 1,700 dollars, a level that it has not been able to sustain in recent days; After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to date; Bitcoin remains in a bull run trying to break the support of the weekly death cross; and other news.
Read The Full Article - Source 📰 - by Rubikkav
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ANALYSIS: According to Delphi Digital, #Bitcoin's BTC Guppy tool has turned bullish for the first time in over a year, which could be a sign of a significant price increase.
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