I don't know if this is a good or a bad thing. I don't react to crypto market anymore. I open my computer/phone, check the price and see it, and then close the charts. Like, it doesn't matter if it's in green or in red. I doesn't mean aynthing to me unless the price is…
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Yields from Terra’s flagship savings protocol will be available to more than 30 million users on Binance.
According to findings stemming from a report published by Arcane Research, Bitcoin’s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners’ share of Bitcoin’s hashrate is roughly 19% today, up 3% since January 2021. Publicly Listed Bitcoin Miners Continue to Grow, […]
BTC and select altcoins dropped far below their strong support levels, a clear sign that the recent bullish momentum has weakened.
Wintermute, an algorithmic market maker in crypto-assets operating since 2017, today announced Wintermute NODE, its flagship platform that allows institutional investors, blockchain natives, and high net worth individuals superior access to OTC crypto trading. The new Wintermute NODE platform stands out on three major fundamentals: variety & flexibility, efficiency, and trustworthiness. Variety & Flexibility Wintermute…
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Only one seat currently remains vacant out of the panel of five SEC commissioners, but Allison Lee is expected to depart when her term expires in June.
Hi, I'm really confused – my friend using binance accidently sent using BEP20 so I need to send back to his binance wallet and have him resend by using the eth network (ERC20). I had to do a bunch of steps to manually add the binance network and import the token, but when I am…
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Coinweb, a layer-2 cross-computation platform, today announced that it has received its digital asset exchange license in Lithuania, allowing the company to operate not only within the country but with all other European countries, barring conflicting regulations. Coinweb’s regulatory approval will allow the platform to act as a virtual currency operator for both deposit and…
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Data shows the Bitcoin trading volume has continued to remain at low levels this week, weakening the latest rally in the crypto’s price. Bitcoin Spot Trading Volume Has Recently Stabilized At Low Values As per the latest weekly report from Arcane Research, the BTC spot volume has continued to stabilize at relatively low values this week. The “daily trading volume” is an on-chain indicator that measures the total amount of Bitcoin being transacted on the network on any given day. When the value of this metric goes up, it means a higher number of coins are moving on the chain at the moment. This shows that the network is turning more active as investors become more interested in the crypto. On the other hand, a decrease in the Bitcoin volume suggests market activity is dipping down. Such a trend may imply that the general interest around the coin is low right now. It can also mean investors are waiting for the price to reach a certain level before they make their move. Related Reading | Bitcoin Monthly Outflows Reach Historically High Value Now, here is a chart that shows the trend in the BTC trading volume over the past year: Looks like the value of the indicator has been moving sideways recently | Source: Arcane Research’s The Weekly Update – Week 13, 2022 As you can see in the above graph, the Bitcoin trading volume has stabilized since a while now, and this week looks to have continued that trend. While this has meant the volumes haven’t dropped further recently, their value has nonetheless been quite low in the past weeks. Related Reading | Bitkeep Becomes The Sponsor of Bitcoin 2022, Bringing A Smooth Cross-Chain Swap Experience to Bitcoin Holders Since any large price move requires a large amount of traders participating for it to be sustainable, the most recent rally in the value of Bitcoin has already lost momentum due to the low volumes recently. BTC Price At the time of writing, Bitcoin’s price floats around $44.8k, down 5% in the last seven days. Over the past month, the crypto has gained 13% in value. The below chart shows the trend in the price of the coin over the last five days. BTC’s price seems to have plunged down over the past twenty-four hours | Source: BTCUSD on TradingView After moving sideways for a few days, the price of Bitcoin looks to have dropped off below the $45k level again today. Currently, it’s unclear when upwards momentum may return to the crypto. But one thing seems to be clear, any new rallies would need to be backed up by surging trading volumes otherwise that rally too shall lose its spark before long. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
