CME’s ETH futures basis has grown in the last few weeks and now sits at similar levels to that of BTC — link
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CME’s BTC options contracts rose 214% in January to 8,452 contracts traded, reaching $851m. The largest number of options traded in over a year — link
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Around this time in the past (70% of the way through the halving cycle) has also concurrently been near the bottom for the respective price cycle as well. The current estimate for the third halving is April 2024 — link
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Until the next expiration of the Bitcoin futures contracts it could touch USD 25k as the next resistance.
For now the expectation is of a positive feeling but with weakness. That is shown by the RSI, wanting to step on 47 points.
Pay attention to the support of USD 20363.55 as primary support.
Evident death cross between the EMA200 and the EMA50, weekly. - By rubikkav
For now the expectation is of a positive feeling but with weakness. That is shown by the RSI, wanting to step on 47 points.
Pay attention to the support of USD 20363.55 as primary support.
Evident death cross between the EMA200 and the EMA50, weekly. - By rubikkav
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Bitcoin And Ethereum Address Momentum Shows Significant Divergence
Glassnode data analyzed by CryptoSlate shows that new address momentum metrics of Bitcoin (BTC) and Ethereum (ETH) reflect that the BTC network is growing while the sentiment on the ETH network is the opposite.
Read The Full Article - Source 📰 - by Rubikkav
Glassnode data analyzed by CryptoSlate shows that new address momentum metrics of Bitcoin (BTC) and Ethereum (ETH) reflect that the BTC network is growing while the sentiment on the ETH network is the opposite.
Read The Full Article - Source 📰 - by Rubikkav
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Bitcoin Price Taps 3-Week Lows As SEC Fears Liquidate $250M Of Crypto Longs
On-Chain College, a contributor at analytics platform CryptoQuant, noted that these included $24.3 million in a single hourly candle — the most since the FTX crash in early November 2022.
Source 📰 - by Fxstreet
On-Chain College, a contributor at analytics platform CryptoQuant, noted that these included $24.3 million in a single hourly candle — the most since the FTX crash in early November 2022.
Source 📰 - by Fxstreet
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Bitcoin Mining Difficulty Hits Record High
Bitcoin network’s difficulty has hit its highest level at 39.35 trillion hashes. Mining difficulty has hit peak levels, implying that it is harder than ever for miners to secure the next block. BTC miners must perform 39.35 trillion hashes to find the next Bitcoin block. Difficulty is the measure of the competition between miners on the network to produce a block.
Source 📰 - by Fxstreet
Bitcoin network’s difficulty has hit its highest level at 39.35 trillion hashes. Mining difficulty has hit peak levels, implying that it is harder than ever for miners to secure the next block. BTC miners must perform 39.35 trillion hashes to find the next Bitcoin block. Difficulty is the measure of the competition between miners on the network to produce a block.
Source 📰 - by Fxstreet
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The Bitcoin chart has revealed a unique pattern
"This pattern was last seen in 2019, 2015 and 2012, following which Bitcoin underwent a long-term rising trend."
― Link
"This pattern was last seen in 2019, 2015 and 2012, following which Bitcoin underwent a long-term rising trend."
― Link
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The dollar-pegged stablecoin today accounts for more than 35% market share on the exchange — link
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Pantera Capital Opines That #Bitcoin $btc #btc Is Entering Its Seventh Bullish Cycle
The last bullish cycle, in 2021, is the shortest and the one that shows the lowest price increase. It lasted 113 days and in that cycle there was a doubling of the price. In the current cycle, the percentage increase is 55%, taking into account the maximum reached so far of UD 24,167, registered on February 2.
Read The Full Article - Source 📰 - by Rubikkav
The last bullish cycle, in 2021, is the shortest and the one that shows the lowest price increase. It lasted 113 days and in that cycle there was a doubling of the price. In the current cycle, the percentage increase is 55%, taking into account the maximum reached so far of UD 24,167, registered on February 2.
Read The Full Article - Source 📰 - by Rubikkav
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The data points to a high degree of bottoming correlation between Bitcoin, gold, and the S&P 500, but not U.S. property. The covid period was a black swan event that would have exerted sell pressure among liquid asset classes.
Regarding topping, Bitcoin displayed a strong degree of correlation with the S&P 500 and the CSHPI, but not with gold.
Source 📰 - by cryptoslate
Regarding topping, Bitcoin displayed a strong degree of correlation with the S&P 500 and the CSHPI, but not with gold.
Source 📰 - by cryptoslate
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Despite last year’s bear market, the total stablecoin market cap is down only -18% while the total crypto market cap is down -55% — link
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Bitcoin Fun Facts as Inflation Recedes in the United States
As displayed in the above graph, the 7-day average Bitcoin daily trading volume has been at elevated values of about $10 billion during the past week. However, as is apparent, a vast majority of this volume is located on the cryptocurrency exchange Binance alone.
Read The Full Article - Source 📰 - by Rubikkav
As displayed in the above graph, the 7-day average Bitcoin daily trading volume has been at elevated values of about $10 billion during the past week. However, as is apparent, a vast majority of this volume is located on the cryptocurrency exchange Binance alone.
Read The Full Article - Source 📰 - by Rubikkav
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