As per on-chain analytics firm Glassnode, The #Bitcoin Illiquid Supply Shock Ratio has been moving significantly higher since the start of the year. It is now 3.2 times larger than #Liquid and Highly Liquid supply combined.

The European Parliament has just voted against a proposal to possibly ban the use of proof-of-work blockchain technology due to its energy-intensive nature.


#EuropeanParliament #PoW #Bitcoin

Store your #cryptocurrency holdings smartly and securely.

#Investors and #traders losing their valuable #crypto savings can be stopped by considering a variety of different ways

Read the sides, don't miss out on #protecting your valuables.


https://www.instagram.com/p/CbHR_NxJrNi/

#Bitcoin has been in an ascending consolidation pattern for the last two months, indicating that the #market is still unsure which direction it should go and is waiting for more signs.

#ConsenSys will convert funds to #ETH


ConsenSys has announced the completion of a $450 million Series D funding round at a $7 billion valuation. The founder of ConsenSys, Joe Lubin reiterated the firm’s commitment to building on and supporting the #Ethereum #blockchain. He stated that the funds would be converted to ETH in line with ConsenSys’ treasury strategy.

Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control. Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly).

#Bitcoin #Banks #Finance #Crypto

Bitcoin, Ethereum, and Tether Witness Drop-In Whale Transactions

According to Santiment, Since 2021, large wallet transactions for Bitcoin, Ethereum, and Tether have decreased. Transactions for $100,000 or more have been steadily declining, reaching their lowest point in a year.

The market for NFT buyers is expanding and evolving.

It is no surprise that the search query for non-fungible tokens has been high from the past year.

While NFT buyers represent a niche demographic of collectors and here’s what encourages them to buy NFTs!!


https://www.instagram.com/p/CbNLV9bJQJq/


#NFT #Metaverse #Crypto

If you’re thinking of APE-ing into the buzzy token, here’s a look at What is $APE Coin?

https://www.instagram.com/p/CbPn55bJycM/

#APE #APECOIN #BAYC #NFT

#Spotify is drawing up plans to add blockchain technology and non-fungible tokens (#NFT) to its streaming service

https://coinpedia.org/web-stories/spotify-reveals-blockchain-technology-adoption-and-nft-support/

Ethereum Zooms Above $2,900 for First Time 16 Days

As per On-chain data provider Santiment, Ethereum Whales have turned active once again for the first time in the last three weeks. Traders Can Expect $ an ETH price to uptrend if the altcoin manages to push above $3K with strong volumes.

The government is attempting to bring #cryptocurrencies under the purview of the Goods and Services Tax (GST) so that the total value of transactions can be taxed.

#GST officials believe that cryptos, by definition, are akin to the lottery, casinos, betting, gambling, and horse racing, all of which are subject to a 28% GST on the total value.

At present, an 18% tax under GST is being charged on the services provided by cryptocurrency exchanges.

Indian Govt Planning GST For All Cryptocurrency Transactions, Here's what you need to know


https://coinpedia.org/web-stories/indian-government-throws-another-bomb-for-crypto-community/

Exchanges hold only 11% of Ethereum in circulation.

The value of Ethereum (ETH) on cryptocurrency exchanges has plummeted to depths not seen since September 2018

As the cryptocurrency extends its seven-day rise and hits the $3,000 mark.

Only 13.55 million ETH, or around 11.3% of the total circulating supply of 120 million, is now held on centralized exchanges.

As the ETH balance on exchanges falls, the supply of ETH in smart contracts is trending in the opposite direction.

Ethereum had an exchange ratio of 18.3 percent, compared to 27.6 percent in smart contracts

Fear, the emotion that always competes for market dominance, typically generates herd mentality in the crypto market.

FUD from the news, inexplicable falls in crypto asset prices, and historical patterns that failed to develop are all causes generating fear in the crypto market.

A little fear is good when the market is down and helps you avoid making bad investments, on the contrary, that is, a dip in prices can be an opportunity to buy crypto assets at a cheaper price than you expected.

Here we have some tips, methods, and ideas for staying sane when your crypto is down.


https://www.instagram.com/p/CbaE81bp3I8/

Crypto.com becomes the official sponsor of the FIFA World Cup in Qatar

#Crypto #FIFA

The risk/reward (R/R) ratio is one of the most powerful trading metrics. In crypto trading, it helps traders minimize risk and maximize profitability. Using the R/R ratio, you can increase your profitability by setting strategic stop losses and take profit orders.

An investment with a risk-reward ratio of 5:1 signals that an investor should expect to invest $5 for the prospect of earning $1.



#Crypto #Trading #Risk #Reward