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Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners
Читать полностью…Q3 tends to be the weakest seasonal period in BTC, whereas Q4 tends to be the strongest. BTC will have to endure supply distribution from bankruptcy estates in Q3.
Q4 is prone to offer strength stemming from the U.S. election, halving effects coming into play, cash distributions from the FTX estate, and easing macro conditions.
In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ)
Читать полностью…Market is bouncing but trading volume may not be enough on their own to reveal changes in a trend. Overall volumes have been declining for some time and the prevailing thinking is that volume is down because there is more risk.
The market is currently very volatile on both sides I recommend to be patient. I expected your calm before taking more positions. Late-Summer/ Early-Autumn will likely see a reversal.
The share of stablecoins vs fiat market share of volume just hit its highest level since 2020. Currently, 84% of crypto trade volume involves stablecoins, while fiat accounts for only 16%
Читать полностью…Currently, the BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019
Читать полностью…Despite healthy investor profitability, the magnitude of volume being processed and transferred on the Bitcoin Network following the ATH has declined drastically.
This underscores a reduced appetite for speculation and heightened indecision in the market.