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

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

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.

Crypto Market Daily Review

The market is growing today. Market cap is $1.17T, Bitcoin is trading at $24.9K.

Crypto Market Daily Review

The market is down today. Market cap is $1.13T, Bitcoin is trading at $24.1K.

Bitcoin starting to be negatively correlated to the S&P 500 after quite some time
― Link

New Capital Continues To Enter While The Fight Between Bears And Bulls Is Disputed Options Contracts Expiration

This time: For the first time since April 2022, money tickets in Bitcoin and Ethereum prevail over the departures; and On February 24, USD 1,900 million in BTC options expire, and the bulls are well positioned to benefit despite the Federal Reserve intention to cool the US economy.

Read The Full Article - Source 📰 - by Rubikkav

Crypto Market Daily Review

The market is down today. Market cap is $1.13T, Bitcoin is trading at $23.9K.