In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory framework” for digital assets.
submitted by /u/Pyramids12 [link] [comments]
submitted by /u/ShockEnvironmental53 [link] [comments]
What is Liquidation and when does it happen ? Liquidation when a crypto derivatives exchange forcefully closes up a futures contract because a certain amount of margin has been lost. While high leverage means investors can earn multitudes more in profit, it also enables them to quickly lose their margin as losses also get amplified.…
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Last week was marked by reinvigorated discussion on crypto 401(k) among high-profile US policymakers.
First of all, there is a 0% chance that we are in a bull market like this dumbass post with 1k upvotes stated. Second of all, we ARE in a bear market. And I am not talking about the last few weeks. Crypto is on a steady decline for 7 MONTHS, and people want to…
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link to the wallet So far it’s been moved to a new created address with no transactions before. This could just be a normal move or their preparation to sell. If LUNA decides to dump their entire stock of BTC it can move the price down -8-10% and trigger all buy orders on the way.…
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Bitcoin on-chain data shows exchanges this week have observed the largest inflows since July 2021, taking the price of the crypto to $33k. Bitcoin Exchange Inflows Spike Up To Highest Value Since July 2021 As pointed out by an analyst in a CryptoQuant post, the BTC exchange inflows have observed a sharp increase recently. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin moving into exchange wallets. When the value of this metric rises, it means an increasing number of coins are moving into exchanges. Such a trend may be bearish for the price of the crypto as investors usually deposit their BTC to exchanges for selling purposes. Related Reading | TA: Ethereum Bears Aim Big After Recent Breakdown Below $2.5K On the other hand, low values of the indicator suggest that not much selling on exchanges is going on right now. This trend, when prolonged, can prove to be bearish for the value of the coin. Now, here is a chart that shows the trend in the Bitcoin exchange inflows over the past several months: Looks like the value of the metric has shot up recently | Source: CryptoQuant As you can see in the above graph, the 7-day average value of the Bitcoin exchange inflow has observed a spike this week. The current value of the indicator is the highest it has been since July of last year, around when the coin bottomed around $29k. Related Reading | Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B Purchase Looking at the chart, it seems like in the last few months whenever the inflow has spiked up, the price has also declined with it. This time as well it looks like the heavy selling on exchanges has played a part in the current plunge of Bitcoin below $33k. The metric’s value still looks to be rising, so it’s possible the coin may observe further decline in the near term, until the 7-day MA inflow tops out. BTC Price At the time of writing, Bitcoin’s price floats around $32.9k, down 14% in the last seven days. Over the past month, the crypto has lost 22% in value. The below chart shows the trend in the price of the coin over the last five days. The price of BTC seems to have plummeted down over the last few days | Source: BTCUSD on TradingView Bitcoin’s seemingly endless consolidation looks to have finally broken down as the coin has observed some sharp downtrend in the past week. At the moment, it’s unclear whether the crypto is nearing a bottom or if more decline is coming. If the inflows continue to increase, then the latter scenario is more likely to play out. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
submitted by /u/Tejas_LiMan [link] [comments]
After UST lost it's peg and briefly dropped to 0.92, it appears they are desperately trying to recover. https://www.blockchain.com/btc/address/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q They just transferred all their BTC out of their wallet, probably going to dump it on the market in order to try to save UST. Good luck to everyone who put money in UST. It will…
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