Crypto Coinfessions ✖️

From: rubikkav.nft 30D volatility for #BTC and #ETH, descending to historically low levels at 0.016 and 0.019 respectively, according #CoinMetrics. Click here to learn more

From: rubikkav.nft #Solana #SOL Records Increased Active Users Solana (SOL) has had a busy month, enduring a significant increase in its user base across May. This has seen the altcoin successfully break above the $20 resistance level. The move is remarkable considering the overall bearish... Click here to learn more

From: rubikkav.nft #Tether #USDT Continues To dominate The #Stablecoin Market Despite Concerns Over Its Reserves And Regulatory Issues. The market capitalization of Tether’s USDT has surpassed the previous all-time high of $83.2 billion, according to a June 1 statement from the stablecoin iss... Click here to learn more

From: rubikkav.nft #TRON #TRX hits new milestone in daily transactions TRON network has several new upgrades lined up for the mainnet, after hitting key milestones earlier this week. As of Tuesday, the total transactions on TRON exceeded 5.7 billion, signaling increasing network growth and a... Click here to learn more

From: rubikkav.nft #Ethereum has been maturing as an asset. The network’s #volatility has progressively decreased throughout its lifespan to reach 50%. Click here to learn more

From: rubikkav.nft #Avalanche Hits One Million Monthly Active Users For The First Time Avalanche, a Layer 1 blockchain network, has crossed 1 million monthly active users for the first time. The main Avalanche network has also seen growth in adoption recently. #Circle, the issuer of the sec... Click here to learn more

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The Most Profitable #Cryptocurrencies Among The Top By Market Capitalization Since The Latest Bitcoin Movements Cryptocurrency market experienced a dull month, with #Bitcoin dropping 7.37% — its worst performance since November 2022 — and #Ether losing 0.22% in May. Read More: https://buff.ly/3N57sZn

Monthly #cryptocurrency exchange volumes are on track to hit their lowest monthly level since October 2020, with spot volumes across major trading venues just under $424 billion in May. Read More: https://buff.ly/43sKa5m

From: rubikkav.nft 💸 #Ethereum's average fees have come back down to earth after its 2023-high $14 per $ETH transaction in early May. More affordability encourages more utility. Additionally, #crypto's #2 asset is at an #alltimelow 9.9% on exchanges as #selfcustody reigns. Click here to learn more

From: rubikkav.nft The #Bitcoin #BTC Price Continues To Sideline, Reflecting The Lack Of A Driver For Its Rise According to Markus Thielen, the head of research and strategy at cryptocurrency service provider Matrixport, we can assume that the wave of liquidity from lower #inflation in the Uni... Click here to learn more

From: rubikkav.nft #Litecoin had a strong month. Total addresses with a balance has increased more intensely since the end of April and we now observe nearly 8.5 million #LTC addresses with a balance! With an impressive 7.09 million addresses holding a balance, @litecoin is on the verge of rea... Click here to learn more

From: rubikkav.nft #Ethereum Holdings Redistributed From Whales To Retail Traders During the recent pullback in ETH price, an interesting phenomenon occurred. While Ethereum supply on exchanges declined by $1.04 billion between May 8 and 31, Ether holdings of large wallet investors dropped. ... Click here to learn more

From: rubikkav.nft #Ethereum-based Products Gain Market Share as #Bitcoin-based Products Decline The first decline in 2023 for Bitcoin and Ethereum-based product assets under management (AUM) was recorded in May, with respective drops of 10.3% and 4.42%, reducing their totals to $21.7bn and $7... Click here to learn more

#ProShares’ #Bitcoin Strategy #ETF (#BITO) has risen 47% year-to-date while BTC gained 60% over the same period. The fund's underperformance stems from hidden costs of rolling futures contracts every month as they expire, called the “contango bleed".

From: rubikkav.nft #ProShares’ #Bitcoin Strategy #ETF (#BITO) has risen 47% year-to-date while BTC gained 60% over the same period. The fund's underperformance stems from hidden costs of rolling futures contracts every month as they expire, called the “contango bleed". Click here to learn more

The #Bitcoin #BTC Volatility Index, which measures the daily fluctuations in Bitcoin’s price, shows that the 30-day volatility in Bitcoin’s price was 1.52%, which is less than half of the yearly averages across Bitcoin’s history, with values usually above 4%. Read More: https://buff.ly/3oLSgXI

Over the last 90-days, Crude Oil (#WTI) declined -4.0%, whilst Gold (#XAU) and Silver (#XAG) have rallied 7.5% and 12.7%, respectively. #Bitcoin however, continues to outperform, remaining 14.5% above the February close. More: https://buff.ly/3qd3Awt

From: rubikkav.nft Fear Of #Inflation Increases Demand For #Cryptocurrencies For Investment And Savings Given the economic uncertainty, stablecoins, such as #USDT and #USDC, are presented as an attractive option for both companies and individuals seeking protection against the effects of infla... Click here to learn more