Daily Digest (15 Dec, 2021)
🔸 Bank of England labels Bitcoin ‘worthless’ as U.K. inflation hits 10-year high.
🔸 Kraken CEO reverses $100K BTC 2021 forecast: Crypto winter now possible.
🔸 Ethereum Whale Abruptly Moves Nearly $375,000,000 Worth of ETH Amid Market Sell-Off.
🔸 Crypto Santa: Trader nets $34K shorting AVAX and LUNA, buy toys for kids.
🔸 Ethereum The New Appstore Says Microsoft Chief.
🔸 Balancer Launches 'Boosted Pools' on Aave to Improve DeFi Yields.
🔸 UK watchdog bans seven crypto ads in ongoing crackdown.
🔸 Switzerland’s SEBA Bank announces gold-token akin to stablecoin.
🔸 Unreleased Whitney Houston Song Demo NFT Sells for Nearly $1 Million.
🔸 Shiba Inu Still Up 60 Million Percent Since All-Time Low Despite Reaching New Network Activity Low.
🔸 Binance partners with Indonesian telco to develop new crypto exchange.
🔸 Bank of England labels Bitcoin ‘worthless’ as U.K. inflation hits 10-year high.
🔸 Kraken CEO reverses $100K BTC 2021 forecast: Crypto winter now possible.
🔸 Ethereum Whale Abruptly Moves Nearly $375,000,000 Worth of ETH Amid Market Sell-Off.
🔸 Crypto Santa: Trader nets $34K shorting AVAX and LUNA, buy toys for kids.
🔸 Ethereum The New Appstore Says Microsoft Chief.
🔸 Balancer Launches 'Boosted Pools' on Aave to Improve DeFi Yields.
🔸 UK watchdog bans seven crypto ads in ongoing crackdown.
🔸 Switzerland’s SEBA Bank announces gold-token akin to stablecoin.
🔸 Unreleased Whitney Houston Song Demo NFT Sells for Nearly $1 Million.
🔸 Shiba Inu Still Up 60 Million Percent Since All-Time Low Despite Reaching New Network Activity Low.
🔸 Binance partners with Indonesian telco to develop new crypto exchange.
RNDR/USDT [Binance]
Big Whales Buy Activity ✳
90.66K RNDR have been bought
💰Price: 4.79 USDT (7.30%)
🚨Order Size: 420,026 USDT (5.53%)
⏳Duration: 13 minutes
📊24h Vol: 7.6M USDT
Big Whales Buy Activity ✳
90.66K RNDR have been bought
💰Price: 4.79 USDT (7.30%)
🚨Order Size: 420,026 USDT (5.53%)
⏳Duration: 13 minutes
📊24h Vol: 7.6M USDT
Forwarded from Open4profit (zia@open4profit.com)
ब्रिटेन Britain 82k New cases in last 24hrs similar situation in US...
Trade safely
Trade safely
36500 BTC CAME IN EXCHANGE for what??
Sale or something else?
Sale or something else?
BICO/USDT [Binance]
Big Whales Buy Activity ✳
80.32K BICO have been bought
💰Price: 4.02 USDT (8.83%)
🚨Order Size: 308,908 USDT (5.01%)
⏳Duration: 13 minutes
📊24h Vol: 6.16M USDT
Big Whales Buy Activity ✳
80.32K BICO have been bought
💰Price: 4.02 USDT (8.83%)
🚨Order Size: 308,908 USDT (5.01%)
⏳Duration: 13 minutes
📊24h Vol: 6.16M USDT
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Daily Market Review & Thoughts: Dec 26
▫️ # BTC (four-hour chart). Bitcoin went for a correction, as suggested in yesterday's review. After an unsuccessful attempt to storm the upper border of the ascending channel around $ 51,150, the asset began to decline. Buyers activated near the level of the exponential moving average 200 EMA from the daily timeframe, above which the price is trying to close at the time of writing the review.
The RSI shows that its line begins to bounce off the lower line of the Bollinger Bands indicator plotted on the RSI, which increases the likelihood of a price movement reversal. EMA 21 4 H is on the way of the upward movement, a rollback from this zone ($ 50 120) is likely at the first attempt to storm it to the correction level of 0.5 Fibonacci ($ 49 260) with a false exit from the trading channel. Then I expect to see a continuation of the local uptrend to the upper border of the ascending channel - $ 52,500. The idea will lose its relevance when the price consolidates below the support level of $ 49,260.
▫️ # ETH. The asset is trading above the support level of $ 4,000, the nearest resistance is around $ 4,150. The growth of ether in the pair to #BTC amounted to 1.3% over the past day.
▫️ Summing up the results of the outgoing year, we can note the record total trading volume on cryptocurrency centralized and decentralized exchanges in 2021, exceeding $ 15 trillion (1). Centralized sites still dominate - they accounted for $ 14 trillion. Thus, there was a significant increase in trading volumes compared to last year, trading volume on decentralized exchanges increased by 858%, and on centralized platforms - by 689%.
Binance remains the leader in the market for centralized exchanges, with deals worth $ 9.5 trillion on the site, which is 67% of the total trading volume. On decentralized platforms, Uniswap is the leader, accounting for 75% of the trading volume.
It is also noteworthy that some DEX managed to bypass fairly large centralized platforms in terms of trading activity, for example, the dYdX decentralized derivatives exchange in September for the first time surpassed the Coinbase spot markets in terms of trading volume. According to Coinmarketcap, Uniswap (V3) bypassed the FTX exchange in the last 24 hours for the total amount of concluded deals.
I believe that due to some features of decentralized platforms that facilitate trading between market participants without controlling their assets, without requiring personal information for registration, the share of DEX in the total trading volume will gradually increase in the coming years.
▫️Alts: the announcement of the upcoming listing of Ravendex (#RAVE) on the BitMart exchange led to a rise in the price of #RAVE by 45% (against the dollar).
The news about Phala Network (#PHA) participation in the slot auction on the Polkadot platform caused #PHA to grow by 40% (against the dollar).
In anticipation of the announced large-scale burning of Luffy coins (#LUFFY), the value of #LUFFY increased by 35% (against the dollar).
▫️The total value of digital assets has decreased by 1% in the last 24 hours, the dominance of the main cryptocurrency has decreased by 0.6%. There is a high probability of the resumption of the local upward trend in #BTC, provided that buyers keep the asset above the price level of $ 49,260.
author - Ayush
U can copy and repost
▫️ # BTC (four-hour chart). Bitcoin went for a correction, as suggested in yesterday's review. After an unsuccessful attempt to storm the upper border of the ascending channel around $ 51,150, the asset began to decline. Buyers activated near the level of the exponential moving average 200 EMA from the daily timeframe, above which the price is trying to close at the time of writing the review.
The RSI shows that its line begins to bounce off the lower line of the Bollinger Bands indicator plotted on the RSI, which increases the likelihood of a price movement reversal. EMA 21 4 H is on the way of the upward movement, a rollback from this zone ($ 50 120) is likely at the first attempt to storm it to the correction level of 0.5 Fibonacci ($ 49 260) with a false exit from the trading channel. Then I expect to see a continuation of the local uptrend to the upper border of the ascending channel - $ 52,500. The idea will lose its relevance when the price consolidates below the support level of $ 49,260.
▫️ # ETH. The asset is trading above the support level of $ 4,000, the nearest resistance is around $ 4,150. The growth of ether in the pair to #BTC amounted to 1.3% over the past day.
▫️ Summing up the results of the outgoing year, we can note the record total trading volume on cryptocurrency centralized and decentralized exchanges in 2021, exceeding $ 15 trillion (1). Centralized sites still dominate - they accounted for $ 14 trillion. Thus, there was a significant increase in trading volumes compared to last year, trading volume on decentralized exchanges increased by 858%, and on centralized platforms - by 689%.
Binance remains the leader in the market for centralized exchanges, with deals worth $ 9.5 trillion on the site, which is 67% of the total trading volume. On decentralized platforms, Uniswap is the leader, accounting for 75% of the trading volume.
It is also noteworthy that some DEX managed to bypass fairly large centralized platforms in terms of trading activity, for example, the dYdX decentralized derivatives exchange in September for the first time surpassed the Coinbase spot markets in terms of trading volume. According to Coinmarketcap, Uniswap (V3) bypassed the FTX exchange in the last 24 hours for the total amount of concluded deals.
I believe that due to some features of decentralized platforms that facilitate trading between market participants without controlling their assets, without requiring personal information for registration, the share of DEX in the total trading volume will gradually increase in the coming years.
▫️Alts: the announcement of the upcoming listing of Ravendex (#RAVE) on the BitMart exchange led to a rise in the price of #RAVE by 45% (against the dollar).
The news about Phala Network (#PHA) participation in the slot auction on the Polkadot platform caused #PHA to grow by 40% (against the dollar).
In anticipation of the announced large-scale burning of Luffy coins (#LUFFY), the value of #LUFFY increased by 35% (against the dollar).
▫️The total value of digital assets has decreased by 1% in the last 24 hours, the dominance of the main cryptocurrency has decreased by 0.6%. There is a high probability of the resumption of the local upward trend in #BTC, provided that buyers keep the asset above the price level of $ 49,260.
author - Ayush
U can copy and repost