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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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
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
ANALYSIS: #BTC trading volume on spot has increased significantly since the beginning of the year.
Bitcoin bulls remain in charge even in the face of increasing regulatory FUD
BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic.
Source - 📰
BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic.
Source - 📰
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The metaverse is vast and evolving. Brands like Starbucks and the NBA are testing digital experiences. BlackRock just launched a metaverse exchange-traded fund (ETF). Venture capital firms like Pantera and a16z are still throwing millions of dollars at metaverse startups, funding the industry's growth.
There are 50 assets in CoinDesk Indices’ Metaverse industry group, all with different use cases. Not a bad place to start your digital asset power hour. Cheers.
There are 50 assets in CoinDesk Indices’ Metaverse industry group, all with different use cases. Not a bad place to start your digital asset power hour. Cheers.
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The open interest for the March 3 options expiry is $710 million, but the actual figure will be lower since bulls became overconfident after Bitcoin traded above $25,000 on Feb. 21.
The 1.12 call-to-put ratio reflects the imbalance between the $400 million call (buy) open interest and the $310 million put (sell) options. However, the expected outcome is likely much lower regarding active open interest.
Source - 📰
The 1.12 call-to-put ratio reflects the imbalance between the $400 million call (buy) open interest and the $310 million put (sell) options. However, the expected outcome is likely much lower regarding active open interest.
Source - 📰
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#Litecoin was the fourth most used cryptocurrency for online shopping payments in 2022, with 88,295 LTC-related orders, according to research published by crypto payment processor CoinGate on March 1.
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