This is incredibly super shady and is going to make me think twice when using crypto.com app platform again. Right now, 12:10 pm PST time I'm trying to withdraw ETH and BTC. On L2Fees.info it has it ETH listed as 0.36 USD. Even on their own CDC defi app the meter is at all time…
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Past trend of the Bitcoin actual/realized price ratio may be forming a pattern that could hint at a possible bottom for the crypto at $17k. Bitcoin Actual/Realized Price Ratio Currently Has A Value Of 0.8 As pointed out by an analyst in a CryptoQuant post, historical data of this BTC ratio may have interesting implications for the current market. The realized cap is a capitalization model for Bitcoin that multiplies each coin in the circulating supply with the price at which the coin was last moved and takes the sum of all the values. This is different from the usual market cap, where the entire supply is simply multiplied by the current price of BTC to get the capitalization. Now, from this realized cap, a “realized price” can also be obtained by dividing the metric with the total amount of coins in circulation. Related Reading | New Bitcoin Record Paints Incredibly Bearish Picture As BTC Struggles At $19,000 The “actual/realized price ratio” is, therefore, an indicator that measures the ratio between the normal price of BTC and this new realized price. Here is a chart that shows the trend in this Bitcoin ratio over the last few years: Looks like the actual price is lesser than the realized one at the moment | Source: CryptoQuant In the above graph, the quant has highlighted the major bottoms during previous Bitcoin cycles and the value of the actual/realized price ratio at which they occurred. Looking at the chart, it seems like during the 2015 bottom, the value of the indicator was about 0.6. And in the 2018 bottom, it was about 0.67. Related Reading | Why Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry Currently, the metric has a value of 0.8, which means the price of the crypto is around 80% of the realized price right now. If there is a pattern here with the actual/realized price ratio, then the bottom this time may also form at a value 0.07 higher than the previous time. This would put the ratio at about 0.74, which implies Bitcoin will need to decline further until $17k before this “bottom” value is reached. Naturally, this would only happen if there really is such a pattern present here. Another indicator, the delta capitalization model, suggests that $15k could be a possible lower bound for a Bitcoin bottom. BTC Price At the time of writing, Bitcoin’s price floats around $19.2k, down 10% in the last seven days. Over the past month, the crypto has lost 35% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have been going down over the last couple of days | Source: BTCUSD on TradingView Featured image from Michael Förtsch on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Soarare NFT sales are blowing up by over 795% as Ethereum-based soccer game, Sorare signed in a new investor and global ambassador, Kylian Mbappé, and ever since, the gaming platform has been surging erratically. Similarly, World Cup football star, Cristiano Ronaldo has also partnered with Binance to create awareness of the Web3 space and attract…
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I have the etherscan of him sending me Test Eth and claiming it was real in order for me to send him the instagram account he was purchasing details. I had no idea test Eth was even a thing. So I sold it to him and now realised. What can I do? (I’m not going…
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With Celcius and Voyager halting withdrawals the realization that leaving crypto on an exchange or custodial protocol comes with risks. Remember one of the first use cases? "Be your own bank" Understandably the cost of a Ledger or Trezor may outweigh the portfolio – or you may live in an area where the postal system…
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So one thing that is interesting about (retail) crypto investors is that they kind of treat these projects (a.k.a. coins/tokens) as sporting teams. That is, they are very much committed (a.k.a. all-in) on believing the team and the projects and view this type of loyalty as some sort of a virtue. This is in contrast…
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submitted by /u/Clash_My_Clans [link] [comments]
Hey everyone, if anyone wants to swap Aave for eth on vice versa there is TVL in the optimism pool. Obviously somewhat low liquidity but still good to have that pair available! submitted by /u/Bakafortuna [link] [comments]
submitted by /u/laulau9025 [link] [comments]
https://blog.coinbase.com/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why-a3a1b6507009 The SEC has told us it wants to sue us over Lend. We don’t know why. Last Wednesday, after months of effort by Coinbase to engage productively, the SEC gave us what’s called a Wells notice about our planned Coinbase Lend program. A Wells notice is the official way a regulator tells a company…
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