CME's Bitcoin futures market in July saw a volume of $55.78 billion, the highest level since January 2022
Читать полностью…Crypto markets have become more concentrated over the past three years, with the bulk of trading activity in 2023 happening on just one exchange — Binance.
In contrast, back in 2020, the largest trading platform accounted for only 24% of the total global trade volume, while the combined trade volumes of the two largest platforms was still below 50%
Binance is facing growing competition from offshore exchanges. Since the start of 2023, OKX (9%), Huobi (5%), and Bybit (8%) have all gained market share.
Читать полностью…The crypto and blockchain sector saw $2.32bn invested in Q2 2023, marking a new cycle low and the lowest since Q4 2020, continuing a downtrend that began after a peak of $13bn in Q1 2022.
Crypto and blockchain startups raised less money across the last three quarters combined than they did in just Q2 of last year.
Bitcoin mining stocks have surged between 280% and 420% YTD, outperforming spot BTC prices.
Miner revenue has increased in Q2 driven by rising BTC prices, excitement around BRC-20 tokens and the emergence of Ordinals, which have created additional revenue streams.
Bitcoin supply unmoved for at least one year reached an all-time high in June — approximately 70% of the circulating supply.
Читать полностью…The number of unique wallets that use 1inch has crossed over the 1 million mark in June, surpassing the previous peak of 2021
Читать полностью…#Bitcoin realised volatility has normalised with spot stuck between $29k and $31k for a week.
Читать полностью…Bitcoin
$32,000 area is now act as key resistance level.
Critical support at $24,500
BREAKING: 🇺🇸 The SEC has allowed for the launch of the first leveraged #Bitcoin Futures ETF in the United States.
Читать полностью…#Bitcoin: 1D Analysis
Bitcoin is in the wedge. The price is preparing for a breakout of the pattern on the both sides in coming weeks and the next move is expecting to be big.
The high volatility in Bitcoin is expected for both sides. Lower your risk is a must.
The U.S. regulatory crackdown and banking crisis has also made USD-denominated crypto transactions a lot harder.
Since March, there is a drop in dollar market share relative to the euro. Euro market share is now 18%, up from just 9% at the start of the year relative to the USD
Bitcoin Long-Term Holders are remarkably calm, displaying no discernible reaction to the news related to the hostile US regulatory environment. Their exchange inflow volume this week was just 0.004% of their total holdings, with 66% of all trading days seeing larger relative inflows
Читать полностью…BinanceUS is suspending USD deposits and notifying customers that its banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. BinanceUS will maintain 1:1 reserves for all customer assets. Any downtime in processing withdrawals may be the result of elevated volumes and weekend bank closures.
Читать полностью…Despite BTC surging by 75%, trade volume continued to fall in 2023 with nearly all exchanges registering double-digit declines in July relative to the year before.
Читать полностью…#Bitcoin bearish retested. My point of view - this is not bull market.
I am still watching the market as its getting messed, to me it is better to keep my assets in stablecoins than to enter any position(s), at this moment the market sentiment is quite bad.
BTC's inverse correlation with the U.S. Dollar has significantly weakened in 2023, dropping from -61% to -10%
Читать полностью…Cumulative stablecoin trade volume in 2023 is greater than $3 trillion, with Tether dominating.
Читать полностью…Introducing the Arkham (ARKM) Token Sale on Binance Launchpad!
https://www.binance.com/en/support/announcement/6ad1921b56fb4b369f9cf3e4449e62e2
Binance Will List Pendle (PENDLE) in the Innovation Zone
https://www.binance.com/en/support/announcement/56c9c5899f3747b2b9a0452450f5eb24
MicroStrategy has announced another Bitcoin Purchase.
What are the total Bitcoin amount, costs, and current value that MicroStrategy invested in?
Total Amount: 152,333
Total Cost: $4.553B
Current Value: $4.598B
Source: CryptoQuant
Coinbase saw more buying compared to selling over the past few days, while the opposite trend occurred on Binance
Читать полностью…Bitcoin illiquid supply reached a new ATH of 15.2M BTC this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3M BTC.
Читать полностью…Binance, SEC strike deal to move all U.S. customer funds, wallet keys back onshore
https://www.coindesk.com/policy/2023/06/17/binance-sec-strike-deal-to-move-all-us-customer-funds-wallet-keys-back-onshore/
#Bitcoin found its support around $25,000 level.
We need to watch for the next move while the market becomes increasingly difficult and trading volume is very low.
Especially there are a lot of FUDs still going on the crypto market, I don't think this is the right time to make trades.
The week of volatility!
Tuesday:
• US CPI Data
• Hinman Docs Become Public
• SEC's Coinbase Rulemaking Response
• Binance US Hearing
Wednesday:
• US PPI Data
• FOMC Meeting
Thursday:
• US Jobless Claims
• US Retail Sales Data
Binance Will Support the TrueUSD (TUSD) Contract Swap
https://www.binance.com/en/support/articles/52b29fadf71542afabf23acf3454f9c7