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Investment team CryptoCoin Post - https://t.me/CryptoCoinPost Manager - @Fesions
Emoji 💩 was bought for 1.2 BTC
An unknown cryptan bought an emoji on the Ordinals blockchain HYIP for $28k. It's currently 1.28 BTC. He obviously knows something...
Solana network throughput dropped drastically after the fork 📉
A Solana update happened tonight, after which the blockchain started to perform worse. Validators and engineers are figuring out what's wrong.
Breaking: BlackRock Issues Metaverse Thematic ETF.
https://coingape.com/crypto-news-blackrock-issues-metaverse-thematic-etf/?utm_source=mike+&utm_medium=telegram
Glassnode: the next confirmation of bitcoin's bull market return will be a rise to $32,700 🤔
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💸 Tether minted 1 billion USDT
The chart shows price behavior after printing 1 billion USDT. Unfortunately, there is no correlation with growth.
Coinbase CEO shared rumors that the SEC plans to ban steaking for retail investors in the U.S. ❌
We're talking about steaking like ETH 2.0 and similar assets. Brian Armstrong said that stacking is a very important mechanism for blockchain and gave an example of why stacking does not equate an asset with a security.
Even if there were to be a ban on stacking, it would only be on centralized platforms. For this reason, LDO and RPL have jumped in value as these services provide a decentralized service.
Breaking: Binance Signals Delay In Full Audit, Crypto Market FUD To Recur?
https://bit.ly/3Ygojvp
Former Hashed fund cofounder calls Aptos a memcoin 🙃
"For those wondering why APT is worth $17. Aptos is a memcoin in Korea," wrote Alex Shin.
Korean exchanges have been at the top of APT's trading volume. Alex believes that the No. 1 asset in Korea is real estate and apartments. Despite the fact that retail investors equate APTs with "apartments," saying that one day people will be able to afford to buy a real apartment if they have APTs.
Breaking: Binance-WazirX Deal Over? Binance Terminates This Service
https://bit.ly/3Rx5NfG
Breaking: India Bullish On Crypto Regulation With Latest Economic Survey?
https://bit.ly/3RhqIUb
Top 20 wallets hold 97% of circulating Aptos coins 🐳
The largest APT holder is Aptos Foundation. They have almost 1 billion tokens, that is more than one third.
If the whales are in cahoots, it will be very easy to dump the price. Basically: you buy from yourself and sell to yourself.
According to IntoTheBlock, cryptocurrencies and stocks have started to change in price almost synchronously again after the collapse of the FTX cryptocurrency exchange. For example, the correlation between Bitcoin and the Nasdaq Index is now 0.86, with a maximum of 1. So the correlation in their value changes is very noticeable.
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Bitcoin is not spared bears, but the price is still below the historical bottom level at 200 WMA ($24,600) 🤔
Now it is both a target for continued growth and the main resistance level, after which we can talk about the current state of the market.
Breaking: Binance Announces Registration In Poland With Full Compliance
https://bit.ly/3iQ9EYv
Waves has changed the status of the USDN steblecoin to the WIXT ecosystem index 🙄
The updated token will also be backed by a basket of coins from the Waves ecosystem, but will no longer be tied to $1.
Completion of the USDN to WIXT conversion will take place in mid-February. On this news, the token renewed its bottom again.
Somewhere in Serbia, Do Kwon read this news and shouted: "What, was that allowed?!" 😅
HODL: a new high of BTCs that have not moved in over 5 years ✊
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The Fed minutes confirmed the regulator's plans to raise rates another 25bp in March and maybe 50bp if inflation rears its head again. That put the brakes on the S&P 500's attempted bounce, but bitcoin is back above $24k. Now it is important for BTC to continue local growth above $24,500, otherwise a 4H downtrend formation may begin with a first target of $23,700 🤔
The New York Attorney's Office has sued crypto exchange CoinEx for operating without a license. CoinEx is bottom of the top 50 in terms of spot trading volume, so the market doesn't care 🙃
USDC issuer Circle plans to increase their staff by 15-20% during 2023. They want to show they're doing well 🤨
Spotify is testing the ability to connect and listen to NFT music 🎸
🔹 Top 3 in 24 hours:
Stacks - $0.8482 (↑27.13%)
Optimism - $2.79 (↑17.88%)
Enjin Coin - $0.557 (↑16.48%)
Next week's token unlock calendar as a percentage of total supply:
#1INCH - $163k
#GAL - 0.1%
#ACA - 0.5%
#IMX - 0.9%
Breaking: U.S. CPI Data Shows Inflation At 6.4%; Time For Bitcoin Price To Shine?
https://bit.ly/3xljNjz
Top 10 Ethereum Staking Providers 🐳
Kraken takes 3rd place. After the update, the exchange will withdraw all ethers and close staking on the platform.
Wondering what Coinbase plans to do with its centralized staking?
👀 Tron DAO launches artificial intelligence fund
How long will projects continue to hype the new trend?
PancakeSwap leads by a huge margin in the number of active users in the sector.
OpenSea, Uniswap and Osmosis are also among the most popular decentralized apps. After them, there is a chasm.
Bitcoin reacts to U.S. unemployment falling from 3.5 to 3.4% 😕
The good news: low unemployment gives a chance for a soft landing of the economy without a recession.
The bad news: the Fed sees no way to stop inflation without cooling the labor market, and it's only getting stronger.
There's a new scare story in the markets: the lower unemployment, the tighter the Fed and lower prices 🤔
When to buy Bitcoin 🤑
Hide your crystal balls and Elliott waves, as Circus Du Soleil's inventory won't be needed today.
In the run-up to the Fed meeting, investors' eyes are twitching and their hand is reaching out to make a few stray trades. To avoid dire consequences, let's think through a plan of action both in the moment and on the mid-term run.
📉 The short-term dynamics of assets in the moment are mostly determined by the derivatives market. The volatility term structure shows that since the date of the upcoming Fed meeting, the derivatives market has been laying down an impulse increase in volatility.
At the same time, in the last two weeks there is a significant increase in volumes and open interest in short-term options with expiry date of February 3, and Bitcoin volatility is decreasing. All this suggests that investors have been trying to front-load the Fed lately so as not to miss a potential rally, but their expectations are already built into current prices.
Typically, such situations follow the old stock market rule - buy the rumor, sell the fact. And sell the fact causes not only a selloff of the asset itself and a change in the bullish consensus, but also the closing of longs of option market makers, which were opened as a delta hedge to the calls sold to the market (many calls in the money go on expiration on February 3 and since the beginning of this week it is already profitable to cover them).
Therefore the price has all chances to continue the correction and test the nearest support (marking of liquidity zones on the chart). And the fact of a strong limit offer of January 29 only strengthens this probability. Very tasty conjuncture for trading, but in this case it is necessary to go on small timeframe and trade impulse imbalances in the moment.
📈 And if you're a hodler and volatility, options and volume auctions are foreign to you, let's take the magnifying glass away from Bitcoin's technical stuffing and assess the medium-term prospects, which in most cases are determined by macrostatistics and intermarket factors.
The market started the year in an environment of maximum pessimism, but as positive macro data is released, the U.S. economy is getting closer to a soft landing (which is very desirable in the current election year). Meanwhile, the intermarket ratios and market breadth indicators are dotted with bullish markers. We see that fund flow into risky assets intensified in January, and hedging shorts are popping.
All this suggests that the upward medium-term trend is likely to continue, and short-term drawdowns are a good opportunity to add Bitcoin exposure to your portfolio.
🗣 Let's draw a line:
- Market rallied ahead of Fed meeting and may correct locally
- Volatility is expected to rise before the February 3 derivatives expiration
- The medium term picture remains bullish
- Local drawdowns are profitable for buying Bitcoin
"Old guys" in the top - not a good sign 🤔
Today DASH, LTC, XTZ, BAT are at the top by growth... Analyzing the history you can notice: when old cryptocurrencies are in the top - this is the final week of growth. Then there is usually a correction.
Aptos - top 3 blockchain by total capitalization including blocked tokens 🤯
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Just-In: Grayscale Lawsuit Against SEC Preponed After Genesis Bankruptcy
https://bit.ly/3ks2cDh
How Token Unlocks Affect the Rate 🤔
Unlocking is slang for the process when some of the investors/team's tokens are unlocked and can be safely sold into the market.
On the graph you can see that 15-30 days before unlocking the token rate was growing, and after it was almost unchanged. For the sake of accuracy we took the rate of assets to BTC.
The rate is mostly influenced by token unlocks of investors, who bought with the aim to sell at a higher price. The nearest will be DYDX and STEPN.
✅ In general, if the project is large and the price is near the bottom, new coins do not dump the rate. Problems with dumping arise in small projects, where there is little demand to buy, and many people willing to sell: SWEAT, WBT, AZY...
BTC Fear and Greed Index shows maximum values for the last 6 months 👆
The idea of a reversal of the crypto market is becoming more and more popular...
BTC hoarders prevail over speculators 👆
The crypto market has a large preponderance of investors who hold bitcoin for longer than 1 year. This helps keep the bitcoin price from finding a new bottom, but not enough for growth.
Growth needs a big demand and it is unlikely to occur before BTC rate reaches at least $30k again 🤔
