Apparently, ordinary crypto investors managed to buy bitcoins in the current market drawdown. According to analysts, since May 8, there has been a significant increase in the volume of BTC at addresses that store coins for less than 30 days. In particular, the indicator rose from 1.47 to 1.78 million bitcoins in a week.
It seems that someone drew conclusions and bought a crypt after a collapse, and not after growth.
It seems that someone drew conclusions and bought a crypt after a collapse, and not after growth.
Just-In: Binance Launches Direct Crypto For Fiat Sales Through Visa Cards
https://bit.ly/3wIPxP1
https://bit.ly/3wIPxP1
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Arcane analysts note a noticeable drop in the profitability of Bitcoin mining. For example, the profitability of Antminer S19 has more than tripled since November 2021. It was then that a record value of BTC was recorded.
The reason for the drawdown is the collapse of the Bitcoin exchange rate and a noticeable increase in the complexity of mining.
The reason for the drawdown is the collapse of the Bitcoin exchange rate and a noticeable increase in the complexity of mining.
IntoTheBlock analysts confirm the decline in the correlation between Bitcoin and US stocks, which we have already talked about. Today, the rate is at its lowest level since March 25, 2022.
In particular, the correlation of Bitcoin with the S&P500 and Dow Jones is 0.65, although in May it reached 0.91 out of 1.
So, bit by bit, BTC begins to become independent of other markets and more and more resembles itself.
In particular, the correlation of Bitcoin with the S&P500 and Dow Jones is 0.65, although in May it reached 0.91 out of 1.
So, bit by bit, BTC begins to become independent of other markets and more and more resembles itself.
Breaking: Kanye West Quietly Enters NFT, Crypto Market With Latest Move
https://bit.ly/3N5Sjoi
https://bit.ly/3N5Sjoi
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Here is a comparison of the behavior of the S&P500 during various crises. Here there is a recession in 2000-2002 (gray), a crash in 2007-2008 (red), a collapse due to a pandemic in 2020 (orange), and the current problems in the economy against the backdrop of inflation (green).
No conclusions and forecasts - just a comparison of data.
No conclusions and forecasts - just a comparison of data.
Just In: Jack Dorseyβs New Crypto Venture For Accelerating Adoption
https://bit.ly/3xy4yVq
https://bit.ly/3xy4yVq
At the same time, we publish a list of wallets that previously belong to the management of the Celsius platform. They were shared by The Block representative Larry Cermak.
Today, the equivalent of about $1.5 billion remained on them. So you can follow what is happening with them, if you're interested.
Today, the equivalent of about $1.5 billion remained on them. So you can follow what is happening with them, if you're interested.