Crypto Coinfessions ✖️

12 Jun 2023 18:01

According to the Institute for Supply Management (#ISM), the #US services sector experienced minimal growth in May, primarily due to a decline in new orders.

The non-manufacturing #PMI reported a reading of 50.3 while the consensus forecast was 52.2.

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Crypto Coinfessions ✖️

12 Jun 2023 17:37

Last week the #CBOE's #Volatility Index (#VIX) fell to its pre-pandemic levels while the #S&P500 technically entered a #bullmarket (up more than 20% from recent lows). #bitcoin

The VIX measures the expected volatility of the S&P 500 over the next 30 days.

While the current low levels of the VIX can be explained by technical factors such as options supply and demand, historically, it tends to decrease during periods of market optimism and increase during equities sell-offs.

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Crypto Coinfessions ✖️

12 Jun 2023 01:29

#Ethereum Is Not Only The Only Option, These Layer Two #Networks Can Surprise Many Investors #bitcoin #btc #ethereum #eth #matic #op #arb

Layer two networks want to stand out by making many people interested in having cheaper possibilities to make their transactions. Read More - Win Crypto: https://buff.ly/460iFSo

Crypto Coinfessions ✖️

10 Jun 2023 23:48

Amid the negative news and #market #manipulation, it is important to understand that we are going through a healthy weekly correction.

For now the calculations suggest that the #Bitcoin pullback will happen between $22k and $23k. So don't despair.

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Crypto Coinfessions ✖️

10 Jun 2023 04:22

The top #uncollateralized #lending protocols for institutions, #TrueFi and #Maple, have increased by 26.6% and 117.8%, respectively, in 2023.

Centrifuge, a real-world asset tokenization platform, has surged by 32% year to date.

In comparison, the gains recorded by the DeFi pulse index in the same period were 13%. Glassnode’s index of DeFi blue-chip tokens has lost 7% since the year’s start..

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Crypto Coinfessions ✖️

10 Jun 2023 03:57

#DeFi volumes Surge 444% After #Binance And Coinbase Lawsuits, according to #Cointelegraph

The DeFi #market had a bullish start to June, but the momentum didn’t last long due to the #SEC enforcement action in the second week.

Most of the top 100 DeFi #tokens traded in the red, with the total value locked falling below $50 billion again.

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Crypto Coinfessions ✖️

09 Jun 2023 20:17

#Bitcoin #derivatives #markets indicate a low probability of the #BTC price breaking above $27,500 in the short to medium term.

In other words, Bitcoin’s market structure is bearish, so a $25,500 support retest is the most probable outcome.

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Crypto Coinfessions ✖️

09 Jun 2023 18:34

From: rubikkav.nft

❗️There is now a 26% chance that the #Fed raises interest rates next week.

This is the first Fed meeting since they started raising rates where there is not a clear consensus.

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Crypto Coinfessions ✖️

09 Jun 2023 18:13

#Crypto Derivatives Comprise A Record 79% Share Of #Trading #Volume Globally.

While the #BIS does not track the notional exposure of other exchange-traded derivatives globally, derivative contracts on equities, commodities, and credit default swaps comprise only ~3%...

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Crypto Coinfessions ✖️

08 Jun 2023 20:55

In May, #spot #trading #volume on centralised exchanges fell 21.8% to $495bn, recording the lowest monthly spot trading volume since March 2019. Source: https://buff.ly/3oLZdbz

Crypto Coinfessions ✖️

08 Jun 2023 20:37

After the #SEC lawsuit against #Coinbase, there was a surge in the number of users unlocking their #ETH on the exchange. Source: https://buff.ly/3J40BNk

Crypto Coinfessions ✖️

08 Jun 2023 18:06

According to #onhain #metrics firm #Glassnode, an outflow of 10,500 BTC from #Binance has been observed following the SEC lawsuit.

However, it should be noted that this current value is still small compared to the maximum net outflow recorded on the exchange, which was -40,300 BTC at the highest point of historical outflows.

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Crypto Coinfessions ✖️

08 Jun 2023 17:32

#Binance’s #Spot #Market Share Falls for the Third Consecutive Month

The halting of zero-fee trading for #USDT pairs, combined with general weakness in the market and increased scrutiny from regulators, has led to Binance’s spot market share falling for the third consecutive month, to 43.0% in May.

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Crypto Coinfessions ✖️

08 Jun 2023 17:16

After contracting for two consecutive quarters, the entire #eurozone region fell into a recession in Q1 2023.

Both consecutive quarters saw negative quarters in Q4 2022 and Q1 2023.

At the end of May, it was reported that Germany went into a recession.

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Crypto Coinfessions ✖️

08 Jun 2023 12:34

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Crypto Coinfessions ✖️

12 Jun 2023 17:48

According to #glassnode, We can see that aggregate transfer volume is also trading at cyclical lows. #bitcoin #crypto

This week did not see any appreciable uptick on overall transfer volume, remaining at around $2.85B/day.

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Crypto Coinfessions ✖️

12 Jun 2023 17:31

#US #Trade Deficit Widens, Posing Challenges for #Economic Growth

The trade deficit in the United States has seen its most significant rise in eight years, broadening by $14.0 billion to hit $74.6 billion in April, as reported by the US Department of Commerce on Wednesday, 7.

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Crypto Coinfessions ✖️

11 Jun 2023 23:26

#Glassnode: The number of #BTC whales has started to decline significantly since the end of May.

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Crypto Coinfessions ✖️

10 Jun 2023 21:15

#Bitcoin network’s hodlers, the class of investors that prefer to hold the asset instead of taking quick profits have remained resolute. BTC holders continued accumulation of the asset.

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Crypto Coinfessions ✖️

10 Jun 2023 04:17

Following a surprise 25 basis points (#bps) rate hike delivered in May, the Reserve Bank of Australia (#RBA) board members decided to hike the Official Cash Rate (#OCR) by another 25 bps to 4.10% at its June policy meeting, a hawkish surprise once again. More: https://buff.ly/43QbBG7

Crypto Coinfessions ✖️

09 Jun 2023 20:23

#Bitcoin #btc has been adopted faster than the internet during the first 14 years of its inception.

As of Q2 2023, 64.6% of the world uses the internet. If demand continues to grow at this rate, imagine the potential impact on the $BTC price.

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Crypto Coinfessions ✖️

09 Jun 2023 18:40

#Ripple #XRP remains > $0.5 amid many altcoins falling heavily after the #SEC ran into #Binance and #Coinbase. Social activity in the token is very high - the crypto community is actively discussing the token.

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Crypto Coinfessions ✖️

09 Jun 2023 18:22

#Optimism #Mainnet underwent a major upgrade this week, #Bedrock, which introduced the complete rewrite of the core components of Optimism’s architecture.

Optimism Mainnet is now built with the modularOP Stack. The main expected optimizations for Optimism Mainnet following Bedrock included: Fees reduced by ~47% with various batch compression techniques and L2 support for EIP-1559.

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Crypto Coinfessions ✖️

09 Jun 2023 18:01

#Grayscale #Bitcoin Trust’s (#GBTC) discount compared to net asset value (#NAV), which is now at -43.10%. Despite improving this year, the discount fluctuates based on speculation related to their ongoing legal battle with the #SEC. More 👇🏻

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Crypto Coinfessions ✖️

08 Jun 2023 20:51

#Bulls have been caught by surprise with the negative newsflow, says #cointelegraph.

It is worth noting that the actual open interest for the June 9 expiry will be lower since bulls concentrated their wagers above $27,000.

These traders got excessively optimistic after #Bitcoin’s price gained 9% between May 25 and May 29, testing the $28,000 resistance.

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Crypto Coinfessions ✖️

08 Jun 2023 20:26

#DeFi markets in constant decline since March 2021, seeing an 86.4% drop in the combined market cap of the top eight tokens, totaling $6.2 billion. Source: https://buff.ly/42zQKpA

Crypto Coinfessions ✖️

08 Jun 2023 17:58

#Binance’s #liquidity has fallen from $30mn before the announcement to $22mn today.

It has almost exactly the same amount of liquidity as the next 39 exchanges combined (minus the other exchanges charted).

#Coinbase, meanwhile, has been nearly unaffected by the regulatory action. However, its liquidity had previously halved back in April.

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Crypto Coinfessions ✖️

08 Jun 2023 17:21

#Gaming saw a 66% increase in total funding amount and a 240% increase in the number of deals announced in May compared to April.

That being said, total #Web3 game investments are still down by 37% compared to February

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Crypto Coinfessions ✖️

08 Jun 2023 17:10

📍Next Week we have

• CPI & PPI numbers
• FED Interest Rate Decision
• FOMC Press Conference

Be ready for the incoming volatility😉

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Crypto Coinfessions ✖️

07 Jun 2023 21:49

#WallStreet Braces For $1 Trillion Treasury Issuance - This Is Good For #Crypto

Following President Joe Biden's signature on legislation to suspend the federal debt ceiling, the U.S. Treasury is readying a flood of new bonds that could impact the market significantly.

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