#bitcoin/usd coin metrics

[coineagle]

Understanding Bitcoin Miner Capitulation and Outflows’ Impact on BTC Value

Key Points

The Bitcoin miner capitulation might ease selling pressure on Bitcoin.

Metrics suggest a bullish trajectory for Bitcoin prices in the upcoming weeks.

The concept of Bitcoin miner capitulation is gaining momentum and is reminiscent of the scenario in December 2022.

Julio Moreno, CryptoQuant’s head of research, revealed a 7.6% hash rate drawdown in a post on X (previously Twitter).

Hash Rate and Price Fluctuations

It’s important to note that the drop in Bitcoin prices is not a direct result of the hash rate plunge. Instead, factors such as the halving effects, market sentiment, and miner cash requirements for equipment upgrades contribute to the price fluctuations.

For instance, these factors led to Bitcoin’s drop from $71k to $60k in June.

The hash rate, which measures the computational power of Bitcoin miners, was at 537.15 EH/s at the time of reporting.

Miner Capitulation: A Positive Sign?

The 7.6% hash rate drop mirrors the decrease that followed the FTX exchange collapse in November 2022 and the subsequent slump in market sentiment in December 2022.

Data from the miner profit/loss sustainability chart indicates that miners were significantly overpaid in early June. Conversely, two weeks later, they were heavily underpaid as Bitcoin prices had fallen by 16.2%.

At the moment, the sustainability metric is transitioning from extremely underpaid to fairly paid.

This shift does not necessarily signify a local bottom, but it suggests that miners might hold off on selling until prices improve.

Examining Miner Outflows

The Miners’ Position Index calculates a ratio using the 365-day moving average of the miners’ USD outflows and the current outflows.

This ratio provides insights into miner behavior, particularly whether they are sending more or less Bitcoin to exchanges.

Data shows that miner outflows were substantial in February and March, decreased slightly in April and May, and were relatively low in June. Thus, miners are sending fewer coins than usual to exchanges.

In conclusion, the hash rate drop supports the notion of miner capitulation. The MPI data suggests that miners have been liquidating fewer Bitcoin than usual, which could be a bullish sign in the long term.

[ecosmining]

What is total value locked (TVL) in crypto?

What is total value locked? It is the whole esteem of digital assets locked or staked in smart contracts in DeFi platforms or dApps. To explain things simply, let’s draw a parallel with the traditional financial system. People keep fiat money in bank deposits, using many different currencies. If we calculate the total amount of assets deposited in banks, it can serve as an analog to TVL in crypto.

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This number can fluctuate for two main reasons. The first one is when people lock and stake more coins – or unlock and unstake them. The second one is asset price fluctuations. TVL is usually calculated with USD and not crypto because this value comprises the cost of many different cryptocurrencies. Let’s imagine that the amount of the staked coins doesn’t change – but the prices of some of them increase. Then, the TVL calculated in USD will increase accordingly.

Why Is TVL Important for DeFi?

Now that we’ve answered the question “What is the total value locked in DeFi?”, let’s analyze the importance of this metric.

The DeFi market functions thanks to the liquidity pool and the capital provided as collateral. TVL immediately impacts the operations of DeFi platforms and services. When this indicator is low, DeFi users can’t expect high returns and their trust in services will be undermined. A high TVL displays promising market perspectives and the potential for a decent income.

To increase their TVL, platform owners and managers can resort to various tricks. For instance, they can offer higher interest rates for their staking protocols to attract more users and funds.

Which Assets and Platforms Boast the Highest TVL?

The answer to this question can fluctuate over time. MakerDAO, Bend, Aave, Lido, and Curve, are among the assets that regularly demonstrate excellent results. The undisputed leader among the platforms is Ethereum, thanks to its huge user base and an extensive ecosystem of dApps developed on the basis of its blockchain. Solana tends to be the runner-up among the blockchain networks.

How to Get to Know the TVL?

You can rely on two sources of information about TVL:

Official information provided by the DeFi platforms. We’re talking about the platforms that let their users lock and stake tokens. The key drawback is that their teams might manipulate data to attract a wider audience and convince the market of their efficiency.

Analytics made by third-party platforms. In this case, we mean websites that don’t provide financial services. They leverage APIs and computing algorithms to evaluate the TVL of assets and service providers.

Sometimes, different sources of information can deliver different results when assessing the TVL of the same platform or asset. This can happen for two main reasons. The first one is the difference in the methods and algorithms used. The second one is the volatile nature of the market. 

How Reliable Is TVL?

TVL is a handy metric for assessing the overall appeal of a DeFi project. However, you shouldn’t rely on it exclusively. Consider other important metrics too. 

TVL locked can’t tell you anything about user activity on the platform. If the activity is low, it’s a bad sign. 

The platform’s governance model and tokenomics are crucial as well. Invest time in exploring them and reading the documentation. 

The team behind the platform largely determines its success. Find out about their previous experience in the crypto sector.

Hopefully, now you understand the TVL meaning crypto and its significance for the industry!

[p5ravin]

Bitcoin Bulls Persist: CryptoQuant Analysis Unveils Market Resilience

Despite recent market fluctuations and uncertainties, Bitcoin bulls are showing resilience, according to a recent analysis by CryptoQuant. The cryptocurrency market, often characterized by its volatility, has demonstrated strength and persistence in the face of challenges, as indicated by key metrics analyzed by CryptoQuant.

One of the primary indicators of Bitcoin's bullish momentum is the influx of stablecoin deposits into cryptocurrency exchanges. Stablecoins, such as Tether (USDT) and USD Coin (USDC), are pegged to fiat currencies like the US dollar and are often used by traders to quickly enter and exit positions in the cryptocurrency market. An increase in stablecoin deposits suggests growing buying power and potential demand for Bitcoin, indicating a bullish sentiment among investors.

Moreover, CryptoQuant's analysis reveals a consistent pattern of whale accumulation of Bitcoin, with large holders increasing their positions in the cryptocurrency. Whale accumulation is often interpreted as a bullish signal, as it suggests confidence in Bitcoin's long-term prospects and a willingness to accumulate the digital asset at current price levels.

In addition to whale accumulation, CryptoQuant's data shows a decline in Bitcoin reserves held on cryptocurrency exchanges, indicating a reduction in selling pressure. When Bitcoin reserves on exchanges decrease, it suggests that investors are withdrawing their holdings from exchanges and transferring them to cold storage or private wallets for long-term holding, a trend commonly associated with bullish market sentiment.

Furthermore, CryptoQuant's analysis highlights the role of on-chain metrics, such as the Bitcoin Miner's Position Index (MPI), in gauging market sentiment and direction. The MPI measures the behavior of Bitcoin miners, who are responsible for validating transactions and securing the network. A decrease in the MPI suggests that miners are holding onto their Bitcoin rewards rather than selling them, indicating confidence in Bitcoin's future price appreciation.

The resilience of Bitcoin bulls, as evidenced by CryptoQuant's analysis, comes amid a backdrop of macroeconomic uncertainty and regulatory scrutiny. Concerns about inflation, monetary policy, and geopolitical tensions have prompted investors to seek alternative stores of value, with Bitcoin emerging as a preferred choice for many.

Moreover, regulatory developments, while initially causing short-term volatility, have not dampened long-term confidence in Bitcoin's value proposition. Increased regulatory clarity and institutional adoption have contributed to Bitcoin's legitimacy as a viable asset class, attracting a broader range of investors and stakeholders.

Looking ahead, CryptoQuant's analysis suggests that Bitcoin bulls may continue to persist despite short-term market fluctuations. Key metrics, such as stablecoin deposits, whale accumulation, and declining exchange reserves, point to underlying strength and resilience in the cryptocurrency market.

However, it is essential for investors to remain vigilant and monitor market developments closely, as volatility and uncertainty are inherent features of the cryptocurrency market. While CryptoQuant's analysis provides valuable insights into market dynamics, investors should also consider other factors, such as macroeconomic trends, regulatory developments, and geopolitical events, when making investment decisions.

In conclusion, Bitcoin bulls continue to demonstrate resilience in the face of challenges, with CryptoQuant's analysis highlighting positive indicators of market strength and confidence. As Bitcoin's adoption and utility continue to grow, the cryptocurrency market is likely to remain dynamic and resilient, offering opportunities for investors seeking exposure to this emerging asset class.

[drewssam]

What Are The Top Ten Cryptocurrencies By Market Capitilization?

The cryptocurrency market boasts numerous coins, but not all hold substantial value. Daily trading volume serves as a key metric, indicating a coin's active trading status. CoinGecko, a prominent platform since 2014, provides comprehensive crypto data, aiding investors and traders in decision-making.

Cryptocurrencies vary widely in utility and stability. Stablecoins like Tether (USDT) and USD Coin (USDC) offer stability by pegging their value to fiat currencies like the US dollar. Meanwhile, coins like Bitcoin (BTC) and Ethereum (ETH) lead in market cap and trading volume, reflecting their popularity and adoption.

Binance Coin (BNB), Ripple (XRP), and Solana (SOL) represent platforms or ecosystems with unique features and use cases. Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have gained traction, albeit initially as humorous projects.

Overall, daily trading volume serves as a barometer of community support, highlighting coins with active trading and potential value.

[ailtrahq]

Long positions outweighed shorts despite BTC’s fall below $27,000. An increase in buying pressure alongside increasing volatility could be vital to the recovery. Bitcoin’s [BTC] drop to $26,794 is normally supposed to spread fear about another decline since the king coin was able to hold on to $27,000 for a number of days. However, traders are unperturbed by the decline and are doubling down on long BTC positions. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Unmoved by the decline Pseudonymous analyst and trader Ali Charts made mention of this unprecedented circumstance on 11 October. Using the Bitcoin long/short ratio indicator, Ali revealed that 65.33% of the positions in the market were long. As #Bitcoin dips below $27,000, more than 65% of all accounts on #Binance with an open $BTC futures position are going long! pic.twitter.com/LVmNnu9ea5 — Ali (@ali_charts) October 11, 2023 This disparity ensured that the long/short ratio jumped to 1.88. Typically, a value below 1 for the indicator implies that there are more short positions. So, the value of 1.88 suggests that traders’ sentiment is largely bullish, with the average expectation being a notable recovery for BTC in the short term. But on the same day, BTC long liquidations were higher than shorts. According to Coinglass, $14.57 million in long positions were wiped out from the market on 11 October. At the time of writing, shorts were feeling the heat. So, it is likely that traders did not expect the recovery to be quick, and could probably take some days. Source: Coinglass Buyers have the edge Meanwhile, the four-hour BTC/USD chart showed that there was a clear contest between bulls and bears regarding control of the market. However, the Accumulation/Distribution (A/D) line grew to 3.275 million. The A/D gauges the demand and supply of an asset. In general, a rising A/D confirms a price uptick while a falling A/D denotes a downtrend in value. The increase in the indicator suggests buying pressure for BTC.  Should the A/D increase, there is a chance Bitcoin may exchange hands above $27,000 in the coming days. This was also reinforced by the Bollinger Bands (BB). At the time of writing, the BB had expanded. Thus, there’s a chance of significant price fluctuations. But it would only be in the upward direction if accumulation continues to outpace distribution. Source: TradingView From an on-chain perspective, it also seemed that there was intense accumulation. One metric used to evaluate the possibility is the Bitcoin balance of addresses. This metric is described as the amount Bitcoin holders have in their portfolios. Is your portfolio green? Check the BTC Profit Calculator According to Santiment, not all holder cohort balances have increased. However, the balance of addresses holding between 1 to 100,000 coins has been surging of late. If the hike continues, then traders with long positions could be profitable in the end.

[springbordrealestateservices]

How Digital Coins Lead the Way in CRE

In the commercial real estate world, traditional property transactions are getting a digital makeover, with cryptocurrencies like Bitcoin, Ethereum, and others. In this blog post, we will explore the impact of cryptocurrency on commercial real estate and provide credibility to our discussion by including the latest industry statistics and reports.

The Cryptocurrency Revolution in Commercial Real Estate

Cryptocurrency is quickly becoming a driving force in commercial real estate transactions, offering numerous advantages that both buyers and sellers find appealing. The key benefits include enhanced security, reduced transaction costs, and faster international transactions. As a result, many forward-thinking businesses and investors are incorporating cryptocurrency transactions into their commercial real estate dealings.

According to a survey, the global blockchain in real estate markets is predicted to reach USD 3,884.8 million by 2028. Blockchain technology has catalyzed significant advancements in the real estate industry. By providing a secure and transparent ledger system, blockchain has streamlined property transactions, reducing the need for intermediaries and minimizing the risk of fraudulent activities. Smart contracts, powered by blockchain, have automated many aspects of real estate deals, including property transfers, lease agreements, and even rental payments. This not only enhances efficiency but also reduces costs for both buyers and sellers. Additionally, blockchain's immutable nature ensures the authenticity of property records, reducing disputes and making it easier for investors to trace property histories.

According to a report by Deloitte on the impact of blockchain technology on commercial real estate, there are 5 areas in which blockchain can elevate commercial real estate purchase and sale transactions and leasing.  

Blockchain technology is poised to redefine the property search process through blockchain-enabled MLS (Multiple Listing Service). By centralizing property data on an immutable ledger, prospective buyers or tenants can access a unified and transparent repository of real estate listings, simplifying the property search process while ensuring the accuracy of the information.

Pre-lease due diligence can be significantly streamlined by employing smart identities on blockchain. These digital identities, containing verified information about potential tenants, can simplify the tenant screening process. Property managers and landlords can efficiently assess tenant backgrounds, financial histories, and references, enhancing their ability to make informed leasing decisions.

Lease agreements can be made more efficient and secure through the use of smart contracts. These self-executing, code-based agreements automate tasks such as rent payments, maintenance requests, and lease renewals, reducing the administrative burden on property managers and ensuring that the terms of the lease are executed precisely as agreed upon.

Automated payments and cash flow management, facilitated by smart contracts, provide an efficient and transparent way to handle rent collection and disbursement. This not only reduces the risk of payment delays but also enhances the accuracy and reliability of cash flow management for property owners.

Real-time data analysis is a powerful tool for decision-making in commercial real estate. Blockchain's ability to provide real-time, rich data through its transparent ledger can help stakeholders stay updated on market trends, property performance, and financial metrics. This information equips them with valuable insights for timely and informed decision-making, whether in lease negotiations, property acquisitions, or sales transactions.

The intersection of cryptocurrency and commercial real estate presents several emerging trends and considerations that industry professionals should be aware of:

Tokenization of Real Estate: Property tokenization allows for fractional ownership, making it easier for investors to buy shares of high-value properties. This trend could reshape how property transactions are structured and managed.

Smart Contracts: Smart contracts, powered by blockchain technology, have the potential to automate various aspects of commercial real estate transactions, making them more efficient and secure.

Central Bank Digital Currencies (CBDCs): As governments explore the concept of central bank digital currencies, it may further revolutionize how commercial real estate transactions are financed and executed, potentially impacting the use of traditional cryptocurrencies.

In this digital age of real estate finance, cryptocurrency's growing role in commercial real estate transactions is reshaping the industry. By embracing the advantages of transparency, reduced costs, and enhanced security, businesses and investors are leveraging the potential of digital assets to streamline property dealings. However, it is crucial to navigate the unique challenges, including valuation, taxation, and regulatory compliance, with vigilance. Through robust transaction security and protective measures, cryptocurrency has the potential to bring about a highly advantageous transformation within the commercial real estate sector.

[metamoonshots]

Bitcoin clawed its manner over $27,000 on Sep. 18 after struggling to reclaim its tight summer season buying and selling vary for many of the month. Though each worth uptick brings a breath of optimism to the trade, on-chain information nonetheless suggests a dominant sell-side regime available on the market. Purchase-side and sell-side trade inflows are essential in shedding mild on this market sentiment. These inflows provide a tangible solution to gauge capital shifts based mostly on preferences regarding trade volumes. Particularly, the belief lies in treating Bitcoin (BTC) and Ethereum (ETH) inflows, when denominated in USD, as indicative of sell-side stress. Conversely, inflows of stablecoins are seen as consultant of buy-side stress. The metric offsets the BTC/ETH sell-side volumes in opposition to stablecoin buy-side volumes, giving an overarching view of trade inflows. Basically, values hovering round zero recommend a market equilibrium. Constructive values signify a buy-side dominance, whereas detrimental ones level to a sell-side dominance. Nonetheless, it’s necessary to notice that this metric relies on the premise that BTC and ETH are deposited to exchanges to be bought, and stablecoins are deposited to exchanges to purchase different main belongings. Each stablecoins and different digital belongings can stream into exchanges for myriad causes, not restricted to commerce. These embrace custody concerns, collateral functions, or sustaining place margins. Subsequently, it’s extra necessary to investigate shift adjustments than nominal quantities of outflows. A heightened sell-pressure started final week, casting a shadow over Bitcoin’s ascension to $27,000. Which means market members appear to be cashing out their positions regardless of the uptick in worth. Graph displaying the main asset buy-side vs. sell-side trade inflows from Sep. 5 to Sep. 18, 2023 (Supply: Glassnode) A wider lens reveals a noticeable pivot from buy-side to sell-side started unfolding in April. After a tumultuous three months of fast regime shifts, the market sank right into a sell-side dominance by mid-July, a pattern that lasted until August. Graph displaying the main asset buy-side vs. sell-side trade inflows from September 2022 to September 2023 (Supply: Glassnode) The market-realized worth internet capital change (MRVNCC) is one other beneficial metric for gauging capital inflows. It exhibits the combination 30-day internet place change for the biggest belongings available in the market, primarily representing the market’s monetary well being. The MRVNCC considers the realized cap of main community belongings extra precisely representing real capital actions than the spot worth. The realized cap assigns a price to every coin based mostly on its final transacted worth, accounting for coin liquidity and successfully filtering out speculative off-chain buying and selling. This metric exhibits optimistic capital inflows, detrimental capital outflows, and the whole capital flows for community belongings (like BTC, ETH, and LTC) and stablecoins (USDT, USDC, and BUSD). A detrimental capital outflow of Bitcoin started at first of August. Its most important dip occurred on Aug. 15, recording an outflow of $1.89 billion. As Bitcoin’s worth initiated its upward journey on Sep. 11, Ethereum skilled a considerable drain. Ethereum’s capital outflows have been $35 million on Sep. 11, escalated to $2.3 billion by Sep. 12, and peaked at $5.48 billion on Sep. 15. In distinction, Bitcoin recorded an outflow of $1.66 billion the identical day. By Sep. 18, Bitcoin’s capital outflows receded barely to $1.12 billion. Graph displaying the market realized worth internet capital breakdown for main belongings from Aug. 20 to Sep. 18, 2023 (Supply: Glassnode) Whereas the current worth hike of Bitcoin rekindles optimism, the persisting sell-side stress, evident from main asset outflows and contrasting stablecoin inflows, means that the m

arket continues to be treading cautiously. This predominant sell-side pattern may be indicative of a number of underlying market dynamics. Merchants, particularly short-term holders who gathered all year long at decrease costs, may be cashing out to realize profits. The substantial outflows may sign an absence of market confidence or be attributed to elevated institutional engagement within the crypto sector. Institutional traders handle a lot bigger portfolios, so their buying and selling methods may cause extra vital inflows and outflows than retail merchants. The put up Bearish warning as sell-side pressure persists despite Bitcoin surge – on-chain data shows appeared first on CryptoSlate.

[cryptogids]

Marktupdate van de week: Wanneer gaat Musk gebruik maken van de herbruikbare BTC mining energie? en Ripple labs in hoger beroep tegen SEC

Welke noemenswaardige gebeurtenissen hebben zich in de afgelopen week plaatsgevonden die mogelijke invloed hebben op de markt? Zoals we kunnen opmerken blijft het spannend rustig en zien wij geen bijzondere uitspattingen. Tijdens dit schrijven hangt BTC ook rond de 26.5 USD. Toch wil Crypto-gids je op de hoogte houden van de gebeurtenissen waarna je zelf kan oordelen of deze van invloed zijn op de markt of in je keuzes die je hierin maakt. Afgelopen dagen zijn de volgende onderwerpen naar buiten gekomen: - Herbruikbare BTC mining energie meer dan 50 procent: Waar wacht Elon Musk nog op? - Ripple Labs bereid stappen voor naar Hooggerechtshof in zaak tegen SEC klik hier voor meer info Herbruikbare BTC mining energie meer dan 50 procent: Waar wacht Elon Musk nog op? Volgens de laatste bijgewerkte gegevens is het gebruik van hernieuwbare energie bij Bitcoin mining gestegen tot meer dan 50 procent. Bitcoin wordt vaak bekritiseerd vanwege het hoge energieverbruik en de ecologische voetafdruk. Maar een nieuw rapport van Bloomberg cryptocurrency marktanalist Jamie Coutts daagt dit verhaal uit en laat zien dat Bitcoin mining steeds milieuvriendelijker wordt. Volgens Coutts is het gebruik van hernieuwbare energiebronnen bij het minen van Bitcoins voor het eerst de 50% gepasseerd, omdat miners naar minder fossiele brandstof intensieve regio's zijn verhuisd en duurzamere oplossingen gebruiken, zoals off-grid stroom en 'gas flare'. Deze trend heeft ook geresulteerd in een afname van de CO2-uitstoot bij het Bitcoin minen zelfs terwijl de hash rate van het netwerk, die de verwerkingskracht van miners meet, is toegenomen. Om zijn beweringen te staven, haalt Coutts gegevens aan van de Universiteit van Cambridge, Coin Metrics en onderzoeker Daniel Batten op het gebied van klimaattechnologie. Cambridge heeft onlangs zijn voorspelling voor het elektriciteitsverbruik van Bitcoin mining in 2022 bijgesteld van 105,3 Terawatt uur (TWh) naar 95,5 TWh, na een nauwkeurigere beoordeling van ASIC-machines die worden gebruikt in het mining proces door Coin Metrics, merkt de analist op. Coutts stelt dat de dalende emissies en de stijgende hashrate erop wijzen dat Bitcoin mining steeds meer hernieuwbare energie verbruikt in zijn samenstelling. Daarnaast zei de analist dat het delven van BTC ook de kosten van het gebruik van wind- en zonne-energie zou kunnen verlagen: "Wat steeds duidelijker wordt, is dat de overstap van steenkool naar wind- en zonne-energie vaak stimuleringsmaatregelen vereist en gepaard gaat met suboptimale rendementen vroeg in de levenscyclus van energiecentrales. "Bitcoin-mining als bron van inkomsten uit overtollige energie kan deze overgang ondersteunen." Elon Musk zei dat Tesla BTC weer mag accepteren als 50 procent van de energie die wordt gebruikt bij Bitcoin Mining herbruikbaar isNadat het aandeel van herbruikbare energiebronnen bij het delven van BTC de 50% had overschreden, waren alle ogen gericht op Elon Musk, die aankondigde dat Tesla weer BTC-betalingen zou accepteren als dit percentage zou worden overschreden. Musk zei het volgende in zijn verklaring in juli 2021: "Het lijkt erop dat BTC meer verschuift naar herbruikbare energiebronnen en dat veel van de gebruikte zware kolencentrales, vooral in China, zijn gesloten. Ik wil graag wat meer due diligence doen om te bevestigen dat het percentage herbruikbare energie hoogstwaarschijnlijk 50% of hoger is en dat er een trend is om dat aantal te verhogen. Als dit gebeurt, zal Tesla hoogstwaarschijnlijk weer BTC gaan accepteren." Ripple Labs bereid stappen voor naar Hooggerechtshof in zaak tegen SEC Brad Garlinghouse, CEO van Ripple Labs, zei in een interview dat het bedrijf bereid is om tot aan het Hooggerechtshof te gaan om de jarenlange rechtszaak met de U.S. Securities and Exchange Commission te beslechten. De CEO zei dat een oplossing bij het Hooggerechtshof een einde zal maken aan de zaak. Volgens Garlinghouse worden Amerikaanse rechtbanken conservatiever naarmate rechtszaken in hoger beroep worden behandeld. Daarnaast zei de CEO ook dat het bedrijf vertrouwen heeft in zijn zaak omdat de feiten en de wet aan hun kant staan. Verder zei Garlinghouse dat de verliezen van de SEC in zaken tegen crypto entiteiten wijzen op machtsmisbruik. Hij merkte op dat de toezichthouder in de meeste van haar recente zaken terugslag heeft gekregen van de rechtbanken. Volgens de CEO "maskeert de SEC verwarring als bevoegdheden" door meedogenloos zaken te vervolgen. Eerder in juli oordeelde rechter Analisa Torres dat de verkoop van XRP - Ripple's eigen token - geen effecten zijn, behalve wanneer het wordt aangeboden aan institutionele beleggers. De SEC denkt daar echter anders over en gaat in beroep tegen de beslissing in die zaak. Tot nu toe heeft Ripple Labs meer dan 100 miljoen dollar uitgegeven om de zaak te verdedigen. Ondertussen zei Garlinghouse dat het bedrijf niet gehinderd wordt door de langdurige marktvertraging. In plaats daarvan zei hij dat het bedrijf altijd is gegroeid tijdens crypto winters. Sinds de start in 2022 heeft de marktvertraging miljarden weggeveegd van de crypto markt. Als gevolg daarvan is er wijdverspreide FUD in de markt, nog verergerd door de voortdurende regelgevende aanval op grote crypto entiteiten. Hoewel XRP steeg na de beslissing in juli, is de prijs sindsdien gedaald samen met de algemene crypto markt. Volgens crypto advocaat Bill Morgan heeft de FUD rond XRP geen basis, aangezien er niets is veranderd aan de status van de token. Het is juist gegroeid door nieuwe noteringen en handelsparen. Uit gegevens van CoinMarketCap blijkt dat de prijs van XRP de afgelopen 24 uur onveranderd is gebleven. Op het moment van schrijven wisselt het token van eigenaar tegen $0,4763. Het handelsvolume is in dezelfde periode echter met 16% gedaald. Word lid van de Bitcoin/Cryptocurrency Facebook groep en join de Telegram om onderdeel te worden van de community. Read the full article

[etiennekissborlase]

Bitcoin Trading Volume Spikes While Altcoin Interest Stays Low

Bitcoin Trading Volume Spikes, While Altcoin Interest Stays Low https://bitcoinist.com/bitcoin-trading-volume-spikes-altcoin-interest-low/ On-chain data shows the Bitcoin trading volume has been rising while interest around the altcoins has continued to be low recently. Bitcoin Trading Volume Recently Crossed Above The $30 Billion Mark According to data from the on-chain analytics firm Santiment, altcoins are now drawing lower and lower interest as BTC’s price dominance strengthens. The “trading volume” is an indicator that measures the daily total amount of a cryptocurrency (in USD) that’s being transacted on the blockchain. When the value of this metric is high, it means a large number of tokens of the asset in question are being moved around on the network right now. Such a trend suggests that traders are active in the market currently. On the other hand, low values of the indicator suggest the cryptocurrency isn’t seeing much activity on the blockchain at the moment. This can be a sign that the general interest in the asset is low among investors. Now, here is a chart that shows the trend in the trading volume of the top 10 cryptocurrencies by market cap (excluding the stablecoins) over the last few months: As displayed in the above graph, the Bitcoin trading volume has sharply surged recently as the price of the cryptocurrency has observed some pretty high volatility. This kind of trend is nothing out of the ordinary, as high bursts of volatility can bring a lot of attention to the asset since investors generally find such events to be exciting. New traders naturally get drawn to the blockchain during these periods, and old ones also react to the price action by repositioning themselves. As the latest high volatility event was quite violent, the trading volume levels touched during it have been significantly higher than those observed during the past month. At its recent peak, the indicator broke above the $30 billion mark, which is the highest it has been since March 22, 2023. From the chart, it’s visible that Ethereum’s trading volume also saw a boost during this period, but the rise hasn’t been quite as significant as what Bitcoin has observed. The altcoin trading volume in general has remained at pretty low levels despite the recent volatility, suggesting that investors are mostly focusing on BTC right now. The reason behind this low altcoin interest is likely to be the fact that the BTC price has displayed strength recently, as it has outperformed all the coins on this list during the last seven days. The volatility experienced by the number 1 cryptocurrency has also been higher in general than what the altcoins have experienced, further explaining why holders may be paying more attention to it. BTC Price At the time of writing, Bitcoin is trading around $29,200, up 4% in the last week. via Bitcoinist.com https://bitcoinist.com April 28, 2023 at 05:00PM

[blockchainx2023]

7 Signs to know if a Cryptocurrency is going up or down

Cryptocurrencies are a highly volatile value. Therefore, it is difficult to define the perfect moment to invest in them.

However, it is easy to spot specific cycles that keep happening again and time again. There are some signs that can help us when making decisions.

The degree of adoption by users.

Innovation and development.

Mayer's multiple.

The values ​​of the SOPR (Spent Output Profit Ratio).

The MVRV (Market-Value-to-Realized-Value) ratio.

The liquidity of a Cryptocurrency.

Technical trading indicators.

Sign 1: The Degree of Adoption

Cryptocurrencies' worth changes according on user commitment, supply, and demand.

The more speculation there is for a Cryptocurrency, the lower the user adoption tends to be.

For example, if a Cryptocurrency today costs 1 dollar, tomorrow 5 and the day after tomorrow 0.5; it will not have much credibility in the eyes of users.

Signal 2: Innovation and Development

Cryptocurrencies have become a disruptive innovation for society because they define a new paradigm in the relations of economic agents: they ensure electronic transactions without the need for an authority to control them.

If a Cryptocurrency is not in continuous development, it risks being forgotten.

What is the innovation behind Bitcoin?

Bitcoin allows transactions in real time. In as little as 20 minutes, a transfer can be finished.

Signal 3: Multiple of Mayer

It serves as an indication to know if a token is in a bearish phase when its value is less than 1.

The Mayer multiple is the multiple of the current price of Bitcoin over the 200-day moving average.

What's more, past simulations confirmed that the best long-term result was achieved by accumulating Bitcoin as long as the Mayer Multiple was below 2.4.

Signal 4: SOPR Values

It reflects the degree of gains and losses made by all the coins that move in the chain.

This indicator tells us when important changes occur in the price thanks to the data that is loaded on the blockchain.

In short, it's the realized value (USD) divided by the value at creation (USD) of the output:

Price sold / Price paid.

Historically, the indicator has reached values ​​between 0.9 and 1.35. A value of one means that the market is in a neutral state.

Sign 5: The MVRV Ratio

Measures the relationship between an asset's market capitalization and its realized value.

It is a metric used to analyze long-term cycles, identifying how much the Bitcoin market is benefiting relative to the volume of crypto assets traded.

Upper limit: 3.7. If the MVRV moves above this level, it indicates overvalued Bitcoin.

Lower limit: 1. If the MVRV drops below this mark, Bitcoin is undervalued.

The MVRV is an excellent indicator of highs and lows, mainly for Bitcoin. MVRV spikes indicate that the market is at its maximum, while dips occur when the market is in an accumulation period.

Sign 6: Liquidity

In Cryptocurrency terms, liquidity is the ability of a currency to be easily converted into cash or other currencies. In such a way that the easier it is to convert an asset into money, it is said that it is more liquid.

Cryptocurrencies that have low liquidity are going to have a big difference between supply and demand.

Be careful, it will cost us more to buy them.

Signal 7: Technical Trading

Traders should not clutter every chart with all available indicators.

Using too many indicators will only hinder the process and create confusion.

There is no perfect set of indicators that give better results than others, it is just a matter of preference and practice.

Conclusion

When it comes to finding and identifying Cryptocurrency signals, there are many patterns that can help you.

Like everything in life, it depends on your criteria and your preferences. In general, the most effective (from my point of view) will be to take into account the price action, because it is what will confirm that that trend change has already occurred.

Trading will greatly benefit from your understanding of how to interpret bitcoin charts. It will provide you with an idea on when to enter or exit a trade, increasing your profitability.

However, each one has its keys to dominate the world of trading. Remember to invest wisely.

[itfamilymedia]

Bitcoin price surpasses 24,000 USD

Bitcoin price returned to a 5-month high, hitting $24,000 yesterday (February 2) before losing this milestone. According to CNBC, the price increase comes just a day after the US Federal Reserve (FED) raised the prime interest rate to 0.25 percentage points, the highest level since October 2007. A report from Coin Metrics says Bitcoin traded as high as $24,249.70 yesterday, the highest level…

[silverlineswap]

Why Bitcoin is Better Than Gold

SilverLineSwap-crypto news

Bitcoin was meant to replicate gold because it is a store of value, and gold has long been recognized as the finest value and money available. Humans have long loved gold around the world, despite the fact that it has no substantial “industrial” application, which makes it such a brilliant kind of money. It is easily accessible since people have been storing it since the beginning of time, yet it is also difficult to get. It is also flexible and easily divided. All of these elements combine to make gold not just a fantastic store of wealth but also a good medium of exchange.

Gold is generally plentiful, making it simple for a society to define its pricing in gold. Still, it is also difficult to obtain or mine, implying that it has worth and, more importantly, a stable value. Gold is the closest thing we have to deal with money in an imperfect world. As a result, Bitcoin was designed to resemble gold in at least two essential aspects. First and foremost, the supply is limited to 21 million bitcoins. Meanwhile, it is estimated that around 201,296 metric tonnes of gold have been extracted, with approximately 53,000 metric tonnes remaining in known reserves. Of course, additional reserves may be discovered, but their contribution to the overall supply is unlikely to be large. We’ve been seeking gold for years, after all.

However, probably the most significant resemblance between Bitcoin and gold is the cost of extraction, which today distinguishes it from the second largest cryptocurrency, Ethereum (ETH-USD). Mining Bitcoin takes costly technology and consumes a lot of energy, and Bitcoin is intended to be half the payout for mining a Bitcoin block every four years. This is analogous to gold, which becomes more difficult to mine as one digs deeper below the earth’s surface. All of the readily mined or surface-level gold, as well as all of the easily attainable bitcoin, has already been collected. (In 2012, a regular laptop could mine a large amount of bitcoin) What’s most important to realize is that the pricey mining procedure, like gold, bases Bitcoin’s value in the real world. Proof-of-work is equivalent to proof-of-value. As a result, Bitcoin has many of gold’s characteristics: it is practical and available but in a finite quantity. Its value is steady since it has no practical application and its supply cannot grow quickly. However, Bitcoin outperforms gold in at least three critical categories.

utility:

While gold is a malleable metal, it may be an exaggeration to state it is readily divided and countable. In actuality, gold was not a useful trading tool until it was coined into standardized coins. This, however, puts a huge wrench in the gold bull thesis. Minting and “standardization” were only conceivable when large power structures were established. Large governments, like the Roman Empire and long-standing Chinese dynasties, were among the first to produce coins that were so widely recognized and trusted that they could be exchanged anywhere on the earth. One of gold’s virtues is its capacity to function as a neutral and censorship-free form of money, but in order for this to be practicable, a centralized body capable of minting coins was required. Of all things, we all know how frequently the Romans devalued their currency. Gold certificates, in addition to coins, have been used as a practical manner of dealing with gold, although they are not without issues. While it is considerably simpler for independent banks to achieve this because there is no requirement for a centralized institution, we now confront another quandary: gold certificates are not comparable to gold. Even if the issuing bank has a 100% coverage percentage, the certificate is ultimately a promise to pay rather than gold itself. This puts the risk of a counterparty into the equation. Today, all fiat currencies are counterparties to government debt, exposing the whole economy to counterparty risk. What happens if the United States government defaults? total economic collapse. Physical gold has the advantage of having no counterparty risk, but it is impractical to trade. Bitcoin, on the other hand, may be exchanged in its purest form, with unadulterated Bitcoin transmitted between market participants without the need for an intermediary. This is especially true in today’s digital age.

Objectivity:

Another important reason why gold has traditionally been regarded as a preferable form of money is its neutrality. Nobody has any control over it. It is unconcerned about boundaries or political loyalties. It is available for purchase by everyone and will be accepted by everyone. Of course, there are certain limitations. Although gold may be purchased easily in most nations, it is also true that the majority of the world’s gold production is concentrated in a few countries. Bitcoin is more democratic in the sense that it may be mined by anybody. You could join a mining pool even if you don’t have specialized gear. The other major concern is that gold, owing to its physician nature, must be secured, which gives the custodian significant authority. The graphic below shows how the United States built gold reserves during World Wars I and II. Many Allied countries transported their gold reserves to the United States not because they wanted to, but because they were terrified Nazi forces would capture the gold during the invasion, which is exactly what happened. This placed the United States in a position of great power, which, of course, led to misuse. Bretton Woods established a dollar-centered system in which currencies could only be redeemed in dollars, and dollars could only be redeemed in gold. However, it only took a few decades for the United States to break this pledge when Nixon “closed the gold window” in 1971.

This occurred due to gold’s inherent limitations. This would not have happened if Bitcoin had been used. Digital cash is far more convenient to keep and safeguard. This safeguards it against theft, fraud, and excessive accumulation.

Interdiction:

Finally, I would argue that, due to its digital features, Bitcoin is more immune to censorship than gold. Because gold is such a strong kind of currency, it has been subjected to censorship all across the world. Politically motivated fiat systems cannot compete with gold, which is why gold has been banned in various countries throughout the world. The Gold Reserve Act of 1934 prohibited individual possession of gold in advance of a huge dollar depreciation. As of present, retail traders in China are restricted from owning precious metals. Meanwhile, central banks are hoarding gold at a rate not seen in over 50 years. This does not seem fair; it is just another constraint that gold has but Bitcoin does not. Bitcoin may be transferred freely and anonymously. Legislation prohibiting bitcoin possession may be established, but how would it be enforced? There is nothing the government could do to confiscate Bitcoin short of torturing people for their private keys. Furthermore, even with a Bitcoin ban, commercial trade may still take place. Bitcoin peer-to-peer transactions cannot be halted by an order. Once again, Bitcoin outperforms gold.

Conclusion:

In conclusion, Bitcoin has significant benefits over gold as a store of value. This is not to suggest that gold possessions are without value. Furthermore, one point must be given to the yellow metal. Gold has a lengthy history of being used as a store of value, which makes it even more dependable. Bitcoin is just 13 years old, so it has a lot of history to create.

Silverlineswap | Sparc Bets | Gold vs Bitcoin | Gold pricing | Bitcoin price | Gold value changed | Ethereum (ETH-USD) | P2P

[bitcofun]

The Dogecoin ( DOGE) rate rally extended even more on Oct. 29 in hopes that the cryptocurrency would get a significant increase from Elon Musk's Twitter acquisition Elon Musk improves Dogecoin rate once again Dogecoin cost leapt by almost 75% to reach $0.146 on Oct. 29, the most significant everyday gain given that April2021 DOGE/USD everyday cost chart. Source: TradingView Notably, the meme-coin's huge intraday rally came as a part of a more comprehensive uptrend that began previously today on Oct.25 In overall, DOGE's rate got 150% throughout the Oct. 25-29 cost rally. The rise was likewise accompanied by a good boost in its everyday trading volumes. That accompanied a spike in the variety of DOGE deals going beyond $100,000, according to Santiment. Both signs sugges a growing need for Dogecoin tokens amongst abundant financiers, or so-called "whales." Dogecoin whale deal count. Source: Santiment The hurdle Dogecoin's crucial metrics show financiers' enjoyment about Elon Musk's Twitter acquisition on Oct.27 Previously this year, the billionaire business owner had actually flirted with the concept of making Dogecoin a payment technique to buy the Twitter Blue membership. Musk's Tesla and SpaceX currently accept DOGE payments for their product.$ DOGE, the main currency of Twitter.-- David Gokhshtein (@davidgokhshtein) October 28, 2022 Shiba Inu, meme-coins follow DOGE Shiba Inu ( SHIB), the second-largest meme token by market capitalization, published a copy-cat rally too. On Oct. 29 alone, SHIB's rate leapt by 30% to $0.00001519, its greatest level given that August2022 Like Dogecoin, Shiba Inu's rally came as a part of a wider uptrend that began on Oct.25 Ever since, its cost has actually gotten 53%. SHIB/USD everyday cost chart. Source: TradingView Additionally, other meme coins have actually leapt enormously in the stated duration, consisting of Dogelon Mars (ELON), which rallied 140%. Meme coins efficiency on per hour, day-to-day, and weekly timeframes. Source: CoinMarketCap Dogecoin most overbought because April 2021 Dogecoin's continuous rate rally is beginning to look overstretched, nevertheless, according to a traditional technical sign. The relative strength index (RSI), a momentum indication figuring out the degree of current cost modifications to evaluate overbought or oversold levels, has actually increased to 93.69 on the everyday Dogecoin chart. This is the greatest level because April 2021, a month prior to the DOGE cost rallied to its record high of $0.75 DOGE/USD everyday rate chart. Source: TradingView Therefore, the "overbought" conditions do not always indicate an instant bearish turnaround. They do show the existing blissful purchasing momentum in the market, which faster or later on triggers the cost to pattern either sideways or remedy downward. Dogecoin's 2018-2020 bearish market on a weekly chart clarifies comparable rate action. Significantly, DOGE crashed by practically 95% practically 2 years after peaking at $0.0194 in January 2018. Related: Bitcoin rate broke out today, however has the pattern altered? The token's correction duration saw it trending inside a coming down channel. It broke out of the variety to the advantage in July 2020 however followed the upside relocation with a sideways debt consolidation pattern-- in between its 0 Fib line of 0.0022 and 0.236 Fib line of $0.0054-- till December 2020. DOGE/USD weekly cost chart. Source: TradingView In contrast, Dogecoin's continuous bearishness is much shorter however reveals a comparable pattern trajectory to the 2018-2020 duration, as revealed above. DOGE might change inside its existing 0-0.236 Fib line variety (or the $0.055-$ 0.176 variety) following its coming down channel breakout. In other words, DOGE might fix towards $0.055 by the end of this year, down about 60% from existing cost levels, if the fractal plays out as meant. Conversely, an instant breakout above the 0.236 Fib line might have DOGE eye $0.25 as its next advantage target.

The views and viewpoints revealed here are exclusively those of the author and do not always show the views of Cointelegraph.com. Every financial investment and trading relocation includes danger, you must perform your own research study when deciding. Read More

[ailtrahq]

BTC’s realized capitalization for newly acquired coins continued to face resistance at 8%. The coin’s value has risen by almost 10% in the last month. The realized capitalization of short-term Bitcoins [BTC] (under one month) has reached a new recovery level after a substantial decline. Still, according to a new report by CryptoQuant analyst Binh Dang, it continues to face resistance. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Dang assessed recently acquired BTCs (coins existing from 24 hours to 1 month) and found that the realized capitalization of this age band has always been impacted by the coin’s price fluctuations. In previous cycles, growth in the BTC market was marked by the consistent rise in the realized capitalization within this group. According to Dang, this indicated a surge in new investors or increased capital inflows for accumulating fresh unspent outputs.  However, in the current market, while the metric has recovered slightly in the past few months, it “hasn’t surpassed the < 8% threshold.” Source: CryptoQuant Moreover, the analyst spotted a similar pattern of low recovery in realized capitalization in USD for this age band. He noted: “During late 2022’s bottom, this group’s Realized Cap decreased to ~$19.8B and recovered to ~$44B when BTC peaked at $30K-31K. However, it has since fallen back to ~$20B and is recovering slightly.” Source: CryptoQuant The current positions of both metrics showed that while the leading coin BTC remains in a recovery phase, the recovery remains fragile and a number of factors, including macroeconomic and geopolitical issues, have persistently derailed the same. This is evident in the coin’s sideways movement in the past few months and the significant recovery faced at the $30,000 price level. According to Dang, this signaled that the BTC market would likely remain uncertain for the rest of the year.  “The market will likely remain uncertain if these data don’t show significant and positive trends from now until the year’s end. The volatility will be unpredictable, so newcomers should not expect continuous and strong price increases as in the first half of this year.” BTC in the last month BTC exchanged hands at $27,592 at press time. According to data from CoinMarketCap, the coin’s value has seen a 7% uptick in the last month. Is your portfolio green? Check out the BTC Profit Calculator During that period, its futures Open Interest has risen too. When BTC’s open interest increases, it means that the total number of BTC futures contracts that have not been settled has increased. It signals increased demand for BTC in the last month and that more investors are opening new positions.  Source: CryptoQuant

[goldencrypto]

Golden Crypto: MOST AWAITED DEX TRADING TOOL! (GDEX)

📢📢📢 GDEX Beta Launch 📢📢📢

Dear GoldenCrypto Family!

We are proud to announce and launch our first DeFi platform GDEX.

GDEX, Golden Decentralized Exchange, is a one-stop DeFi platform that facilitates decentralized trading and provides DeFi traders a centralized-exchange type experience.

We are launching the platform with a limit order and stop-limit order features first.

You can check more details here in our official documentation.

and If you have any further questions just ask us in the telegram community!

Enjoy your trades now!!!

It will make your DeFi Trade life much easier!

https://gdex.trade/

[josephblakesmithlittlerock]

Every professional investor in crypto has one eye on UST today, watching to see if it can maintain its peg to the dollar. There's clearly significant risk in the market.