Hot CPI report puts a dent in Bitcoin and Ethereum rally, stocks also lose ground
BTC, ETH, altcoins and stock prices crumbled in the face of a hotter than expected CPI report. Is there room for a short-term recovery?
BTC, ETH, altcoins and stock prices crumbled in the face of a hotter than expected CPI report. Is there room for a short-term recovery?
submitted by /u/nextlevelofcurrency [link] [comments]
You wanna ask why? Because you are acting like you are in a bloody Casino, that's why! I don't understand people taking these bets and then include Margins into the equation and then risk losing all your savings, family funds or even worse loaned money just because you think you understand the market or have…
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Data from Glassnode shows Bitcoin hasn’t yet seen a crossover in the current cycle that has historically marked late-bear periods. Bitcoin Short-Term Holder Realized Price Is Still Above Long-Term Holder’s According to the latest weekly report from Glassnode, the STH and LTH realized price crossover hasn’t yet taken place during the current bear market. The “realized price” is a metric that signifies the cost basis of the average holder in the Bitcoin market. Its value is calculated by dividing the realized cap with the total number of coins in circulation. Whenever the usual price of BTC moves below the value of this indicator, the average investor goes into a state of loss. Related Reading: Quant Suggests Bitcoin Will Be Back In The Driver Seat After Ethereum Merge This cost basis can also naturally be calculated specifically for different holder groups. The relevant cohorts here are the “long-term holders” and the “short-term holders”; here is a chart showing the trend in the realized prices of these two groups over the last several years: The values of the two metrics seem to be approaching each other | Source: Glassnode’s The Week Onchain – Week 37, 2022 Long-term holders (LTHs) include all those Bitcoin investors who have been holding onto their coins since at least 155 days ago, while short-term holders (STHs) are those who have kept their coins still for less than that. As you can see in the above graph, the realized prices (RPs) of these two cohorts observed crossovers during the last two bear markets. Related Reading: TA: Bitcoin Price Breaking This Confluence Resistance Could Spark Major Surge In these cycles, the LTH RP crossed above the STH RP as the late-bear began. The implication of such a crossover is that coins recently bought (in the last 155 days) are now more profitable than those bought a long time ago. This shows that the market has gone through a deep capitulation event. During the current bear market, however, the crypto is yet to see any such crossover, even after already observing 10 months of decline. The post crossover bear period lasted for 339 days in 2014-15, while it was 145 days for 2018-19. This would suggest that the current bear will still have a while to go before a bull market can start as the crossover hasn’t even happened yet. The report notes that at the pace the two metrics are approaching each other, this cross will likely take place this month. BTC Price At the time of writing, Bitcoin’s price floats around $22.5k, up 13% in the last week. Over the past month, the crypto has lost 7% in value. Looks like the value of the crypto has been going up during the last few days | Source: BTCUSD on TradingView Featured image from Hans-Jurgen Mager on Unsplash.com, charts from TradingView.com, Glassnode.com
Residents would not be violating sanctions by visiting Tornado Cash’s website, copying the mixer’s open-source code, nor making the code available online or in print.
if so what do you think will cause the merge to fail or at least delay what do you guys think on the price action of eth? is ethereum making a mistake by switching to POS? -What do you think of the ETHW -If the merge fails what will be the price of eth …
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There is no shortage these days of what you can do with your cryptocurrency; you can buy, sell, spend, borrow, and much more. But one of the more exciting crypto application niches is betting. It is no secret that people love betting, given that it is a billion-dollar global industry. But what happens when betting is given an innovative crypto touch? The answer is Zikbo, a crypto betting and sports gaming platform. The company has made waves for its unique algorithm which allows users to play fixed bets, bet against each other, bet on events, and many more. We speak with Richard Brooks, COO of Zikbo about betting, the crypto industry, and what is next now that the company has made the leap into the betting sector. 1. What inspired the creation of Zikbo? “There are many different offers with events and odds in the betting world now. They are difficult to understand for both a professional and a beginner. The Zikbo team has developed a platform in which a minimum of events and a fixed coefficient will be docked. Any participant in the bet will be able not only to earn, but also to quench their thirst for excitement.” 2. What would you say makes crypto betting so appealing? “In existing bookmakers where fiat and cryptocurrencies are accepted, there are always limits on the amount of bets, and this sometimes interferes. It happens that a player is sure of success and wants to go all-in, but cannot. And the Zikbo platform provides the player with such an opportunity. Anonymity also plays an important role. The player wants to remain anonymous at all times and in the case of deposits and withdrawals. Zikbo also provides the player with this option.” 3. Your platform is famous for its algorithm. Could you talk a bit about that? “Yes indeed, we use a unique algorithm to balance all bets. Why we decided to use this approach, since we do not work against users, we provide a platform where users place bets against each other. How did we implement this solution? We collect all bets on both sides, then accept or make partial refunds to some users, explaining this by the fact that we are balancing the betting basket.” 4. How does Zikbo differ from other crypto betting sites? “Existing bookmaker cryptocurrency offices are analogous to fiat offices. The only difference is that payments are accepted in crypto. At the same time, there are restrictions on the amount of the bet, as well as the calculation and withdrawal of funds takes a long time.” 5. How does Zikbo operate during periods of market volatility? “The volatility period does not affect Zikbo in any way, since when replenishing your own account in any crypt, it is converted into an internal currency, the exchange rate of which is unchanged, and when withdrawing funds, the player can choose the preferred withdrawal currency.” 6. What’s next for the Zikbo team? “The Zikbo team is developing several new solutions that players will love and bring a lot of fun. For example, additional sports will be offered: basketball and hockey. A coefficient of 7.2 will also be offered and this is not an express. All these tools are really new and revolutionary.”
(60 days being an approximate timeline, based only on historic timeline highlighted below). 1-The macro economic environment. -None of the micro economic data is as high or as bad as it was in June. -CPI for inflation may not be dropping as quickly as Wall Street wanted, but it has still slowed from 9.1% to…
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At 7.82 TH/s currently. Looking as though RVN network hashrate will hit 10 TH/s by the time ETH merge is complete. https://preview.redd.it/yr80n9473on91.png?width=1942&format=png&auto=webp&s=30a18484f32bc784409cd76257c43a073738dd92 submitted by /u/chokum808 [link] [comments]