Crypto Coinfessions ✖️

21 Apr 2023 02:49

The OI in #CME's #Ether futures has grown by a whopping 39% since Shanghai upgrade, while #BTC activity reigns stale - source.

Crypto Coinfessions ✖️

20 Apr 2023 17:48

#Bitcoin #btc #btcusd #btcusdt saw substantial gains in market share this quarter as traders fled even stablecoins for safety after regulatory challenges and banking turmoil. - source.

Crypto Coinfessions ✖️

20 Apr 2023 17:16

#Bitcoin #btc #btcusd #btcusdt long positions across derivatives exchanges saw the largest liquidations so far this year. About $253 million in longs were liquidated, according to data from The Block. Most of the volume was on Binance and OKX, which saw $95.4 million and $85.2 million in liquidations, respectively. - source.

Crypto Coinfessions ✖️

19 Apr 2023 21:17

#Binance has activated the #ETH 2.0 stacking withdrawal feature.

The exchange is the 4th largest in terms of #Ethereum stacking among companies. - source.

Crypto Coinfessions ✖️

19 Apr 2023 18:06

2023 Q1 Overall #Crypto #Market Overview #bitcoin #btc

Market rallied strongly in 2023 Q1, gaining close to 50% despite a mid March dip, with overall spot trading volume also increasing by 30%. - Source.

Crypto Coinfessions ✖️

19 Apr 2023 17:07

#Bitcoin suffered a sharp #pullback on Wednesday — sliding from $30,000 to $29,100 in a little under 30 minutes.

The sudden sell-off liquidated long positions — affecting traders who were anticipating further price increases. - read the complete information.

Crypto Coinfessions ✖️

19 Apr 2023 00:55

Data Reveals #Bitcoin Exiting Bear Market as Transactions Pending Decrease

A new report from Glassnode suggests that Bitcoin has built a strong footing below the $30,000 level.

Network congestion persists since February. However, the decrease occurred in a period of 72 hours and in the last days.

Read the complete article here and earn crypto for free - source.

Crypto Coinfessions ✖️

18 Apr 2023 21:21

#BTC and #ETH looking bullish? 📈 #bitcoin #ethereum

The future's looking bright for the two biggest #cryptocurrencies, if analysts are to be believed.

K33 Research's Vetle Lunde believes Bitcoin could rally to $45,000 next month as a painful bear market ends. Read more - source.

Crypto Coinfessions ✖️

18 Apr 2023 20:58

#BTC's correlation with #ETH, calculated using a 30-day rolling window, has dropped to its lowest level since January, following BTC's double digit March rally. 👉🏻 read more - source.

Crypto Coinfessions ✖️

18 Apr 2023 18:00

While part of the increase in open interest was driven by rising #ETH prices, the amount of open contracts in native units also jumped double-digits, up more than 20% last week, despite remaining below its levels from early March. - Source.

Crypto Coinfessions ✖️

18 Apr 2023 17:32

#ETH spot prices dropped by nearly 18% post-Merge while they are up 11% since Shapella, despite fears of mass selling. - Source.

Crypto Coinfessions ✖️

18 Apr 2023 17:25

#Bitcoin price registered a 50% increase in value over the duration of a month from mid-March to mid-April. This resulted in the social volume toward BTC rising by 81% in the last 30 days, month on month. - link

Crypto Coinfessions ✖️

18 Apr 2023 16:51

From a sentiment perspective, the potential for #Bitcoin's price to rise is greater as increasing short positions are being liquidated. - link

Crypto Coinfessions ✖️

18 Apr 2023 01:32

Centralised Derivatives Volumes Reach $2.7tn in March

Derivative markets accounted for an all-time high of 72.7% of total centralised market volumes, trading $2.77tn in March - highlighting the prominence of speculation within the digital asset markets.

Decentralised derivatives exchanges have also seen an uptick in trading activity in recent months, trading $68.7bn in March, with dYdX accounting for 62.6% of the market share. - source.

Crypto Coinfessions ✖️

17 Apr 2023 22:01

Tether Market Cap Breaks Records After Regaining 65% Dominance Of Stablecoins

On April 17, the circulating market valuation of the US dollar-pegged stablecoin hit nearly $81 billion, just 1.5% below its all-time high of $82.29 billion a year ago. It has grown 20% so far this year and is on the verge of hitting new all-time highs.

Read the complete article and earn crypto for free - by rubikkav

Crypto Coinfessions ✖️

21 Apr 2023 02:46

Close to 1.5 million #Ether #etherum #eth has been withdrawn since the Shanghai upgrade on Wednesday 12th of April. Two-thirds of these withdrawals are built-up rewards from past validator duties. - source.

Crypto Coinfessions ✖️

20 Apr 2023 17:23

USD 17.3 million of deposits from US commercial banks are gradually falling and represent 65% of GDP, as reported by eToro. - read more - source.

Crypto Coinfessions ✖️

20 Apr 2023 02:50

#Solana #solusd #solusdt is facing resistance at the 50-day EMA at $25.40 and 2022 breakout levels around $29.76. The Moving Average Convergence Divergence (MACD) indicator, a momentum indicator, shows a divergence between the price rally and the MACD indicator, hinting at a possible reversal. The support level lies at $20.

Read the complete news and earn crypto for free 👏🏻

Crypto Coinfessions ✖️

19 Apr 2023 21:11

In Q1'23, The #Graph saw a 41% QoQ increase in USD revenue from query fees. - source.

Crypto Coinfessions ✖️

19 Apr 2023 17:25

Global #ETH €Etherum futures open interest, excluding CME, has increased by almost 22% to $6.62 billion, Coinglass data show. Open interest in Deribit-listed ETH futures has jumped 30% to $750 million, reaching the highest since the May 2021 record high of $778.6 million. - source.

Crypto Coinfessions ✖️

19 Apr 2023 16:59

#Bitcoin Funding Rate has turned negative on this dump. - Source.

Crypto Coinfessions ✖️

18 Apr 2023 21:38

CPI came in under expectations, with a MoM change of 0.1% (Exp. 0.2%), and Core CPI came inline with expectations at 0.4%.

This caused BTC to rally 2% in the minutes following the announcement, which has since retraced. The market is still pricing in a 65% of a 25bp hike at the May 3 FOMC, but we will see how job numbers change this expectation. - source.

Crypto Coinfessions ✖️

18 Apr 2023 21:06

#Bitcoin's correlation with U.S. equities diverges.

The gap between #BTC's correlation with the tech-heavy #Nasdaq 100 and the broader S&P500 is the widest since May 2021. - read more - source.

Crypto Coinfessions ✖️

18 Apr 2023 20:52

#Bitcoin Dominance & Market Capitalisation On the Rise

In the early stages of previous market rallies, Bitcoin has typically led
Bitcoin's market dominance has started to increase, rising to 45.2%, its highest level since April 2021.

This is a substantial increase from ~36% market dominance, which it maintained during the collapse of FTX when its price dipped to a yearly low of $15,760. - Source.

Crypto Coinfessions ✖️

18 Apr 2023 17:33

Call volumes rose to a yearly high of $700mn in the days following the #Shapella upgrade, outpacing puts (bearish bets) by a large margin. #ETH open interest for perpetual futures markets hit a multi-year high of over $6bn and funding rates have remained positive. - Source.

Crypto Coinfessions ✖️

18 Apr 2023 17:29

On April 9th, the 7-day moving average of spot volumes for #BTC and #ETH reached their narrowest gap since July 4th, 2022, at only $2.1 billion. - link

Crypto Coinfessions ✖️

18 Apr 2023 17:13

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Crypto Coinfessions ✖️

18 Apr 2023 01:36

#Bitcoin #btc Market Cycle Analysis & Halving Influence

To better understand Bitcoin's current performance, it is helpful to examine its behavior in previous market cycles.

In the previous two cycles, the accumulation period from the market bottom after the breakout to the halving date spanned at least 500 days.

This would mean, if we were to assume that the market bottom for this cycle was in November last year (when Bitcoin hit a yearly low of $15,760), that we are only 129 days into the current cycle as of March 30th. - Source.

Crypto Coinfessions ✖️

18 Apr 2023 01:29

Despite the varying levels of adoption and regulation, the overall trend towards adoption of #crypto assets globally has been positive. The growth rate of global retail cryptoasset adoption has averaged ~87% p.a. and these are just ID-verified users - link

Crypto Coinfessions ✖️

17 Apr 2023 18:46

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