Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Organizations Like FTX
submitted by /u/ImaFreemason [link] [comments]
submitted by /u/ImaFreemason [link] [comments]
Bitcoin network activity is “underwhelming,” the famous analyst says, as further data reaffirms a textbook BTC price bottom in progress.
The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legitimacy, Laura K. Inamedinova, a Web3 marketing expert, has said. Besides just trying to convince backers and investors, Inamedinova said Web3 players have the more […]
Two days ago, I posted the ANTI-SHILL on COSMOS and outlined several negative key aspects that could be holding back the chain. Many users commented and provided their own perspectives on some of the key issues presented. One of the pieces of feedback came from u/CryptoCrackLord who runs the atomscan website – an explorer that…
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On-chain data shows Bitcoin long-term holders are dumping their coins as BTC plummets below the $17,000 level. Bitcoin Long-Term Holder SOPR Spikes Today As pointed out by an analyst in a CryptoQuant post, some BTC long-term holders seem to have taken profits in the past day. The relevant indicator here is the “Spent Output Profit Ratio,” which tells us whether Bitcoin investors as a whole are selling their coins at a profit or at a loss right now. When this metric has a value greater than 1, it means the average holder has been moving their coins at some profit recently. On the other hand, values below the threshold suggest the overall market has been realizing some loss. Naturally, SOPR exactly equal to 1 implies that the investors are just breaking-even with their selling. Related Reading: Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally? The “long-term holder” (LTH) group is a Bitcoin cohort that includes all investors who have been holding onto their coins since at least 155 days ago, without having moved or sold them from a single address. Here is a chart that shows the trend in the Bitcoin SOPR specifically for these LTHs during the last 15 days: Looks like the EMA16 value of the metric has shot up in the last few hours | Source: CryptoQuant As the above graph shows, the Bitcoin LTH SOPR (EMA16) has observed a sharp spike above 1 during the past day. This means that these holders have harvested some profits today. Statistically, LTHs are the investors least likely to sell at any point, so any dumping from them can have noticeable consequences on the BTC market. Related Reading: End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours From the chart, it’s apparent that when the indicator last saw such a large spike in its value, the price of the crypto had plunged down shortly after. Interestingly, the latest spike has only come after BTC has plunged down under $17k. Usually, such holders sell for profits during rallies, but here the dumping has come after the bullish momentum has already passed over. This could be a sign that with all the FUD going around in the market right now, these supposed diamond hands have also broken down and feel bearish about the prospects of Bitcoin at the moment. Such a trend is likely to be negative for the price, and might take the crypto even further lower. BTC Price The price of the coin seems to have slid down over the last few days | Source: BTCUSD on TradingView At the time of writing, Bitcoin’s price floats around $16.7k, down 2% in the last week. The above chart displays the trend in the value of the crypto over the last five days.
The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds.
A report issued by Capgemini, a consulting firm, has found that most consumers are at least curious about the metaverse and what it might bring to their lives. The report, which also examined consumer and company expectations of immersive experiences, explains that many are already taking advantage of the metaverse concept. Capgemini: Metaverse Seeing Interest […]
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I’m debating if I should or not. Could I receive things on other side chains of Eth like polygon? submitted by /u/TheOnlyVibemaster [link] [comments]
I recently watched the congressional hearing about crypto regulation and wow …. Some statements that were made by one particular witness were nothing short of outright lies. Clearly, the person has no knowledge whatsoever of the technology they are talking about, but do however have incredible prejudices against our community. "They (90% of the crypto…
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