As noted by Kaiko analysts, Tether's USDT has so far been the only Stablecoin that was able to recover its market capitalization after the events of May 2022. Recall that the collapse of the Terra LUNA ecosystem led to a serious collapse of the coin market.
Here is the corresponding chart of USDT capitalization over the last year.
This week, the total trading volume of the decentralized exchange Uniswap exceeded the $1.5 trillion mark, which is an incredible achievement.
Overall, Uniswap continues to be the most popular decentralized exchange in the world. According to The Block, it accounts for 68 percent of trading among all DEXs in April 2023.
Over the past 24 hours, 50,000 more coins were sent to the Ethereum stack than were withdrawn from it. Accordingly, the activation of the ETH withdrawal feature for validators during this week's Shanghai update tentatively made this activity more popular, not the other way around.
In the chart from Nansen, turquoise indicates hourly deposits for Etherium stacking and orange indicates cryptocurrency withdrawals from there.
Right now, there is a total of 17.23 million ETH in stacking.
Breaking: Bitcoin’s Price Jumps On Lower Than Expected U.S. CPI Data
https://bit.ly/3o69uyy
The number of Bitcoin addresses with a non-zero balance has exceeded the 45.5 million units mark for the first time. Nice 📈
Читать полностью…Meanwhile, March ends with a pleasant result in terms of Bitcoin user activity. The number of transactions on the network for that month exceeded the 9.5 million mark.
This is the highest result since January 2021. Good.
Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament
https://bit.ly/3lJKQD7
According to the Blockchain-com platform, considering today's exchange rate, Bitcoin has been profitable for 88.5 percent of the days since the cryptocurrency's launch. More specifically, against the current $28,000 per BTC, holding the coin has been profitable for 4,065 days out of the asset's total 4,593 days of existence.
From this we can conclude that Bitcoin is a pretty good investment for the long term.
According to Glassnode analysts, Bitcoin gained 35.8 percent in value over the past week. Previously, increases of similar magnitude in seven days for BTC were seen at the end of a bearish trend in 2015, during a price rally in 2019, and on the 2017 and 2021 bull run.
Читать полностью…Santiment analysts note the activation of owners of Etherium addresses, which have 10 to 10 thousand ETH. Over the past year they have increased their savings by 3.61 million Ethers.
At the same time so-called whales, who have 10 thousand to 10 million ETH, sold 9.43 million coins during the same period. Such are the changes.
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137,890 Bitcoin Payout For Mt Gox Creditors; BTC Sell off Ahead?
https://bit.ly/3yerIQ7
Breaking: #Ethereum Shanghai Upgrade Live On Sepolia For ETH Withdrawals.
https://coingape.com/ethereum-shanghai-upgrade-live-sepolia-eth-withdrawals/?utm_source=brown&utm_medium=telegram+
Meanwhile, there have been 16 consecutive days of no inflationary blocks on the Etherium network. This means that during this period of time, more ETH was destroyed with each block as commissions than was created.
Not a bad result.
According to the Dune platform, Huobi, Coinbase and Kraken are the leaders among centralized cryptocurrency exchanges in terms of coin outflows following the launch of ethers withdrawals from stacking. Their total withdrawals are measured in hundreds of thousands of ETH.
In the case of the last two platforms, the activity of the U.S. Securities and Exchange Commission clearly affects. For example, Kraken has already been banned from offering the staking platform to Americans.
Here is the relevant table.
The total capitalization of the four largest stabelcoins continues to decline after peaking at $161 billion in early 2022. The figure is now down to $124 billion, a 23 percent drop.
Here are the changes for each stack separately:
USDT (in green) - minus 1.3 billion
USDC (blue) - minus 20 billion
BUSD (yellow) is minus 11.1 billion.
DAI (purple) - minus 4.4 billion
According to the CCData platform, total trading volumes on cryptocurrency exchanges in conventional spot pairs amounted to the equivalent of $1.04 trillion in March. That's a 10 percent increase over February and the third consecutive increase.
That's a good trend.
Bitcoin's dominance has reached a two-year high. Interest in altcoin hold is falling heavily, which in turn may be a good signal to buy them.
PS: it is good that the dominance chart does not lend itself to the traditional technical analysis, otherwise the picture is very бычья☠️
Breaking: Big Blow To Binance; ASIC Scraps Binance Australia Derivatives AFS License
https://bit.ly/3zD3tMg
Check out the comparison of Bitcoin's behavior in the current market cycle (in pink) and previous ones in 2012-2016 (in black) and 2016-2020 (in green). The situation is quite similar, and now cryptocurrencies may well be at the stage of accumulation, that is, accumulation by investors.
Are we expecting a "hype" in 2024?
Today it became known that Terra co-founder Do Kwon, who was arrested last week in Montenegro, had registered the company in Serbia. He did it on October 12, 2022, which was three weeks after Interpol had issued an arrest warrant for Do.
It will be very interesting to know exactly how Kwon did it.
Another rather obvious correlation between the VTC and the Fed balance sheet from Kaiko. As soon as the balance sheet rose by $300 billion, crypto went up.
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Breaking: US Fed Prints $300 Billion, Bitcoin Price And Ethereum To Rally
https://bit.ly/3YRerYB
By the way, Silicon Valley is not the only bank currently facing problems. Here's a measure of the change in the stock prices of various members of the banking sector over the past week, since the first of January, and over the year.
Читать полностью…This is the ratio of longs (in green) and shorts (in red) for Bitcoin on different exchanges over the past day - that is, the positions of traders who bet on the growth and collapse of the cryptocurrency market, respectively.
The situation is almost equal, so it is still very difficult to predict further developments with the coins.
Such is the uncertainty.
Meanwhile, the difficulty of mining bitcoin continues to break records. Let me remind you that historically it was a bullish signal and preceded the start of the up-trend.
Читать полностью…