#onchain
🔎 TheBlock: The number of daily BTC transactions has dropped dramatically!
From May to mid-September, the average weekly number of Bitcoin transactions ranged from 400,000 to 500,000.
✔ On September 20, a record level of = 600,000 was observed.
✔ On October 9, the average weekly number of transactions decreased to 283,000.
@Сryptoz ₿
🔎 TheBlock: The number of daily BTC transactions has dropped dramatically!
From May to mid-September, the average weekly number of Bitcoin transactions ranged from 400,000 to 500,000.
✔ On September 20, a record level of = 600,000 was observed.
✔ On October 9, the average weekly number of transactions decreased to 283,000.
@Сryptoz ₿
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🔥Today the publication of the minutes from the last Fed meeting
▪️ Bostik, Chairman of the #Fed:
- The rate is already at a sufficiently restrictive level to reduce inflation to the target.
- There is no need to further increase the interest rate.
- If the economic situation changes, the Fed may raise the rate again.
▪️ Bowman, Fed Chairman:
- The Fed may raise the interest rate even more.
▪️ Kashkari, Chairman of the Fed:
- The Fed may have to raise the rate even more if the economy remains stronger than expected.
- I expect a “soft landing”, but it's too early to talk about it.
▪️ JPMorgan:
- A new wave of inflation growth may begin in the USA, as in the 1970s. #banks
@Сryptoz ₿
▪️ Bostik, Chairman of the #Fed:
- The rate is already at a sufficiently restrictive level to reduce inflation to the target.
- There is no need to further increase the interest rate.
- If the economic situation changes, the Fed may raise the rate again.
▪️ Bowman, Fed Chairman:
- The Fed may raise the interest rate even more.
▪️ Kashkari, Chairman of the Fed:
- The Fed may have to raise the rate even more if the economy remains stronger than expected.
- I expect a “soft landing”, but it's too early to talk about it.
▪️ JPMorgan:
- A new wave of inflation growth may begin in the USA, as in the 1970s. #banks
@Сryptoz ₿
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Eric Balchunas: Ark Invest has fixed all the flaws in the application for a spot Bitcoin ETF!
- The fact of the "negotiation process" with the SEC is very positive news. But it doesn't guarantee anything...
✔ James Seyffart: Information has been added in the documents that the Bitcoin ETF security will be stored on separate crypto wallets. Nothing will mix. A good sign.
- Issuers work closely on the SEC's comments and eliminate shortcomings.
@Сryptoz ₿
- The fact of the "negotiation process" with the SEC is very positive news. But it doesn't guarantee anything...
✔ James Seyffart: Information has been added in the documents that the Bitcoin ETF security will be stored on separate crypto wallets. Nothing will mix. A good sign.
- Issuers work closely on the SEC's comments and eliminate shortcomings.
@Сryptoz ₿