New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s […]
Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money.
Hello, This is a template I made to easily keep track of my investments. I've decided to share it for free as a give back to the community. 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 ————- https://www.youtube.com/watch?v=gIlkqdGDb8s 𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬 (𝐆𝐮𝐢𝐝𝐞 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝) ——————————————- Portfolio’s Currency is selected. History is inputted either with a CSV file or manually (Transactions, Trades,…
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Data shows the Bitcoin market sentiment has remained deep in extreme fear this week as broader financial markets also get fearful. Bitcoin Fear And Greed Index Shows A Value Of 12 This Week As per the latest weekly report from Arcane Research, the wider financial market is at its highest level of fear since the COVID crash in 2020. The “fear and greed index” is an indicator that tells us about the general market sentiment among Bitcoin investors right now. The metric displays this sentiment using a numeric scale that runs from one to hundred. All values of the index above “50” imply a sentiment of greed, while all those below the cutoff indicate a fearful market. When the indicator has values towards the end of the range, that is, above 75 or below 25, the market is in a state of extreme greed or extreme fear. Some investors believe that it’s best to buy when the market is extremely fearful as bottoms have historically tended to happen during such periods. Similarly, tops have formed in the past while the market has gone through extreme greed so such times may be ideal for selling. Related Reading | Bitcoin Whale Breaks 8 Year Long Silence With $30 Million Worth Of BTC Transfer Contrarian investing is a trading technique that follows this idea. To quote Warren Buffet, “Be fearful when others are greedy, and greedy when others are fearful.” Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year: Looks like the sentiment in the market has plummeted recently | Source: Arcane Research’s The Weekly Update – Week 19, 2022 As you can see in the above graph, the Bitcoin fear and greed index has a value of 12 at the moment, indicating a sentiment of extreme fear. The crypto market isn’t the only one scared, the broader financial markets have also been in a state of extreme fear for a while now. Related Reading | Bitcoin Marks Seven Consecutive Red Candles, Paints Gruesome Picture For Market The market has been observing the highest extreme fear values since the crash back in 2022 due to the onset of COVID-19. Currently, it’s unclear if the sentiment has bottomed out or if Bitcoin will bleed more in the coming days, plunging the fear and greed index further. BTC Price At the time of writing, Bitcoin’s price floats around $30.4k, down 3% in the last seven days. Over the past month, the crypto has lost 24% in value. The below chart shows the trend in the price of the coin over the last five days. It seems like the price of the coin has been moving sideways in the last few days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
Tether is usually reports its supply on their official website once every day, at an inconsistent time. That's why you can see stairs like this on a market cap chart: Tether market cap in the past 7 days – not counting the depeg it's the same as the supply If you go to their website…
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NFT sell volume declines sharply after Terra’s blow up led to stablecoins dropping their peg and Bitcoin’s dip below $30,000 raises fear of a prolonged bear market.
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Bitcoin is still in the red and I continue to blame China for this. China prohibited Bitcoin mining in its areas few months ago which arrived at an inopportune moment and it started the decline of BTC. Then Elon Musk said Bitcoin was terrible for the environment. He was no longer allowing Bitcoin as payment…
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