The on-chain metric that could signal a bear market reversal
The on-chain metric that could signal a bear market reversalGiven the historically different behaviors LTHs and STHs exhibit, the ratio between their realized prices can illustrate how the market dynamic is shifting.
Happy WednesdayThe global crypto market cap is $1.08 trillion with a 24-hour volume of $64.24 billion. The price of Bitcoin is $23,680.93 and BTC market dominance is 42.4%. The price of Ethereum is $1,610.55 and ETH market dominance is 18.3%. The best performing cryptoasset sector is Liquid Staking, which gained 1%.
Latest NewsThe on-chain metric that could signal a bear market reversal
Given the historically different behaviors LTHs and STHs exhibit, the ratio between their realized prices can illustrate how the market dynamic is shifting. EMURGO launches Cardano Spot social networkThe Cardano Spot social network intends to aggegrate Cardano data and information into an "all-in-one place." Esports org RRQ to embrace NFT membership for fans with Zilliqa partnershipThe Indonesian esports organization Rex Regum Qeon (RRQ) using blockchain for fan membership program benefits Iceland’s abundance of renewable energy boosts Bitcoin hashrateThe North Atlantic country is seen as a haven for mining operations, known for its political stability and abundance of geothermal energy. Tencent adds to its host of Web3 offeringsTencent Cloud announces Memorandums of Understanding with Web3 blockchain partners Ankr, Avalanche, Scroll, and Sui. Reddit Avatar NFTs’ market cap exceeds $35 millionOver 10.6 million NFTs have been minted since the collection's launch on July 2022. Stacks’ 135% rally helps it reclaim $1B market capMatrixport research said the recent hypes around Bitcoin NFTs could help push Stacks STX token to new highs. Deutsche Bank completes trial of Project DAMA tokenization platformDeutsche Bank's Project DAMA intends to significantly reduce the effort it takes to launch, manage and access digital funds. BIS chief says past events ‘cast doubt’ on stablecoins’ ability to function as moneyThe bank chief believes tokenized deposits and central bank digital currencies (CBDCs) can make the financial industry more efficient. CryptoSlate Daily wMarket Update: Another market dump sees Solana leading large cap lossesThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Hong Kong to accelerate Web3 innovation in region with $50 million spendThe Hong Kong government acknowledges the importance of Web3 with plans to develop the concept via its Cyberport hub.
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Digital asset investments recorded over $30M outflows in a week
Tuesday, February 21, 2023
Bitcoin-based investment products saw $25 million of outflows, while short-Bitcoin investment recorded $3.7 million inflows.
EU seeks to expedite crypto capital laws
Monday, February 20, 2023
The European Union's pending banking law proposes a slew of tough new capital rules for banks holding crypto assets.
Rumors swirl around $100k/hr front running on Binance listings
Saturday, February 18, 2023
One trader made over $100000 exiting less than an hour after GNS listed on Binance.
CZ denies claims that Binance will delist US-based projects
Friday, February 17, 2023
Bloomberg reported that Binance could delist Circle's USD Coin (USDC) stablecoin, and that the exchange was reassessing its venture-capital investments in the US.
FTX reportedly in talks to recoup $400M investment in Modulo Capital
Friday, February 17, 2023
Following FTX's bankruptcy, SBF's $400 million investment in Modulo Capital was converted into cash and kept in an interest-bearing account at JPMorgan.
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