At the end of yesterday's trading session, the #Bitcoin-#ETF recorded an outflow of $148 million, while the #ETH-ETF, on the contrary, attracted about $98 million.
Meanwhile, the Fear and Greed Index has rebounded from yesterday's extreme levels and is now at 29, which is characterized as regular fear.
#CryptoNews
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#FactOfTheDay
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The decline in #Bitcoin and #Ethereum, triggered by the stock market crash, has led to the formation of a worrisome technical analysis pattern known as the "death cross."
#Analytics
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The number of initial unemployment claims in the U.S. was 233,000, which is lower than the previous figure of 249,000 and the forecasted expectation of 240,000.
#CryptoNews
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#Bitcoin approached $63,000 last night, and #ETH rose above $2,700.
The unemployment claims data mentioned in the previous post significantly improved investor sentiment. Additionally, whales with balances ranging from 10 to 1,000 #BTC were actively buying coins at the $50,000 level, indicating the market's belief in Bitcoin's long-term prospects.
Meanwhile, the Fear and Greed Index has risen to 48 and remains in the neutral zone, while the available BTC balance on exchanges has reached a five-year low of 2.68 million coins.
#CryptoNews
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#Glossary
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πΈ Snapshots are often used before hard forks to determine the amount of new tokens that users will receive, as was the case with #Bitcoin and #BitcoinCash.
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#Glossary
#Glossary
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π Weekly news #CryptoDigest:
πͺ BTC.D (Bitcoin Dominance over altcoins) β 57.35%
π§ Fear and Greed Index β 25
πΊπΈ August 15 15:30 USD β Number of initial jobless claims. Forecast β 235k, previous value β 233k
π #Matrixport believes that a Bitcoin rally is inevitable after the release of U.S. inflation data
π― #Bitcoin is reducing volatility β this year, there have only been 25 days with significant price movement
π· Gas fees on the #Ethereum network are at an annual low
πͺ A critical vulnerability in the #Solana network has been fixed
πͺ #Ripple has begun testing its stablecoin β Ripple USD (#RLUSD)
πͺ #BTC reserves on exchanges have reached a 5-year low
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#Analytics #Bitcoin
πͺ As of right now, it can be assumed that the price of #BTC will remain around $60,000 for some time β likely until the release of U.S. inflation data. However, market highs and lows suggest a local bottom.
π― This is also confirmed by the NVT GC indicator, which has dropped below -1.6 points, indicating excessive cooling of the price. After similar signals on January 18 and July 12, #Bitcoin rose by 78% and 23%, respectively.
π Additional events that could influence market growth include the release of the Producer Price Index on August 13 and the Consumer Price Index data on the 14th, which is expected to fall below 3%.
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this is not a trading recommendation
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#Lookonchain believes that the drop below $60,000 is due to institutional investors ceasing to accumulate #USDT.
The insufficient inflow of stablecoins to exchanges indicates a lack of buying pressure, but with the start of the new week, funds may begin taking advantage of the #BTC drop to accumulate it, which would bring new capital into #ETFs.
#Opinion
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