The correlation between Bitcoin and the SP500 index has set a new record - Kaiko.
Getting tethered to the US economy at a time when a recession is looming is sad enough. But in any case, next year I expect a global turn in the crypt. I simply do not believe in the endless fall of a conditionally deflationary asset during an inflationary crisis.
Getting tethered to the US economy at a time when a recession is looming is sad enough. But in any case, next year I expect a global turn in the crypt. I simply do not believe in the endless fall of a conditionally deflationary asset during an inflationary crisis.
Today, there is a lot of writing that BlackRock has started adding bitcoin to its Global Allocation Fund for passive investors. Even details are given in the form of the number of clients of the company and the size of the fund. Allegedly, 0.32% of their investments are able to buy all BTC stocks on the exchanges.
Nice excuse to convince the crowd to buy. But only institutionals are more likely to dump and buy on the bottom than to pump and buy on the rise.
Nice excuse to convince the crowd to buy. But only institutionals are more likely to dump and buy on the bottom than to pump and buy on the rise.
The Huobi exchange is beginning to stress its problems. Now they are planning to lay off 20% of the staff, for the last days there was withdrawn $90 million, of which $60 million in the last 24 hours.
Stablecoin USDD has again lost its 1-to-1 peg to the dollar.
That said, Justin Sun has always been a murky character. We don't know what goes on in their inner kitchen, but as a rule, there is no smoke without fire. It is advisable to keep on this exchange a reasonable percentage of the portfolio and generally look for an alternative.
Stablecoin USDD has again lost its 1-to-1 peg to the dollar.
That said, Justin Sun has always been a murky character. We don't know what goes on in their inner kitchen, but as a rule, there is no smoke without fire. It is advisable to keep on this exchange a reasonable percentage of the portfolio and generally look for an alternative.
A new review of the crypto market from Glassnode:
Volatility held at record-low levels all through the New Year holidays, which is very atypical. It usually ended with strong momentum (in either direction).
The market approached fundamental valuations, and the bulk of the speculative capital was washed out in the second half of 2022.
Volatility held at record-low levels all through the New Year holidays, which is very atypical. It usually ended with strong momentum (in either direction).
The market approached fundamental valuations, and the bulk of the speculative capital was washed out in the second half of 2022.
There are many similarities between the formation of the macrodynes in VTS in 2022 and 2018. In this regard, many are waiting for X's right away, some are longing with a big leverage. But the big difference is that 4 years ago there was monetary policy easing around the world, and now there is tightening. At the very least, it could hinder rapid growth," warns Bloomberg Intelligence