Crypto Coinfessions ✖️

From: rubikkav.nft The #market remains at a decision point as the #Bitcoin Spot Price continues to indecisively oscillate around the Short-Term Holder Cost-Basis, according to #glassnode. A retest and strong bounce off of the Cost-Basis would suggest significant strength in the prevailing tren... Click here to learn more

From: rubikkav.nft #Bitcoin (#BTC) is currently undervalued compared to the #SP500, based on a metric that conducts an Ordinary Least Squares (OLS) regression analysis of the relationship between Bitcoin and the S&P 500 over the past 200 days. Click here to learn more

From: rubikkav.nft A positive #fundingrate indicates that longs (buyers) demand more leverage. #btc #eth #cointelegraph Still, the opposite situation occurs when shorts (sellers) require additional leverage, causing the funding rate to turn negative. The seven-day funding rate for BTC and ETH... Click here to learn more

From: rubikkav.nft #Cash Is The Most Widely Used #Payment Method At Points Of Sale In The #EuroZone According to the results of the study carried out by the European institution, the payment habits of consumers in the euro area revealed that cash was the most used method. Likewise, a first s... Click here to learn more

From: rubikkav.nft According to the Institute for Supply Management (#ISM), the #US services sector experienced minimal growth in May, primarily due to a decline in new orders. The non-manufacturing #PMI reported a reading of 50.3 while the consensus forecast was 52.2. Click here to learn more

From: rubikkav.nft According to #glassnode, We can see that aggregate transfer volume is also trading at cyclical lows. #bitcoin #crypto This week did not see any appreciable uptick on overall transfer volume, remaining at around $2.85B/day. Click here to learn more

From: rubikkav.nft Last week the #CBOE's #Volatility Index (#VIX) fell to its pre-pandemic levels while the #S&P500 technically entered a #bullmarket (up more than 20% from recent lows). #bitcoin The VIX measures the expected volatility of the S&P 500 over the next 30 days. While the current l... Click here to learn more

From: rubikkav.nft #US #Trade Deficit Widens, Posing Challenges for #Economic Growth The trade deficit in the United States has seen its most significant rise in eight years, broadening by $14.0 billion to hit $74.6 billion in April, as reported by the US Department of Commerce on Wednesday, 7... Click here to learn more

#Ethereum Is Not Only The Only Option, These Layer Two #Networks Can Surprise Many Investors #bitcoin #btc #ethereum #eth #matic #op #arb Layer two networks want to stand out by making many people interested in having cheaper possibilities to make their transactions. Read More - Win Crypto: https://buff.ly/460iFSo

From: rubikkav.nft #Glassnode: The number of #BTC whales has started to decline significantly since the end of May. Click here to learn more

From: rubikkav.nft Amid the negative news and #market #manipulation, it is important to understand that we are going through a healthy weekly correction. For now the calculations suggest that the #Bitcoin pullback will happen between $22k and $23k. So don't despair. Click here to learn more

From: rubikkav.nft #Bitcoin network’s hodlers, the class of investors that prefer to hold the asset instead of taking quick profits have remained resolute. BTC holders continued accumulation of the asset. Based on data from crypto intelligence tracker Glassnode, the cohorts of investors are c... Click here to learn more

From: rubikkav.nft The top #uncollateralized #lending protocols for institutions, #TrueFi and #Maple, have increased by 26.6% and 117.8%, respectively, in 2023. Centrifuge, a real-world asset tokenization platform, has surged by 32% year to date. In comparison, the gains recorded by the DeFi p... Click here to learn more

Following a surprise 25 basis points (#bps) rate hike delivered in May, the Reserve Bank of Australia (#RBA) board members decided to hike the Official Cash Rate (#OCR) by another 25 bps to 4.10% at its June policy meeting, a hawkish surprise once again. More: https://buff.ly/43QbBG7

From: rubikkav.nft #DeFi volumes Surge 444% After #Binance And Coinbase Lawsuits, according to #cointelegrap The DeFi #market had a bullish start to June, but the momentum didn’t last long due to the #SEC enforcement action in the second week. Most of the top 100 DeFi #tokens traded in the r... Click here to learn more

From: rubikkav.nft #Bitcoin #btc has been adopted faster than the internet during the first 14 years of its inception. As of Q2 2023, 64.6% of the world uses the internet. If demand continues to grow at this rate, imagine the potential impact on the $BTC price. Click here to learn more

From: rubikkav.nft #Bitcoin #derivatives #markets indicate a low probability of the #BTC price breaking above $27,500 in the short to medium term. In other words, Bitcoin’s market structure is bearish, so a $25,500 support retest is the most probable outcome. Traders’ margin-lending ratio sp... Click here to learn more

From: rubikkav.nft #Ripple #XRP remains > $0.5 amid many altcoins falling heavily after the #SEC ran into #Binance and #Coinbase. Social activity in the token is very high - the crypto community is actively discussing the token. Click here to learn more

From: rubikkav.nft ❗️There is now a 26% chance that the #Fed raises interest rates next week. This is the first Fed meeting since they started raising rates where there is not a clear consensus. Base case still shows a 64% chance of at least one rate hike by July. Next week’s Fed meeting is ... Click here to learn more

From: rubikkav.nft #Optimism #Mainnet underwent a major upgrade this week, #Bedrock, which introduced the complete rewrite of the core components of Optimism’s architecture. Optimism Mainnet is now built with the modularOP Stack. The main expected optimizations for Optimism Mainnet following B... Click here to learn more