Net buying pressure and the information in bitcoin option ... - cyptoranking.com

2024-05-07

Popular crypto exchanges(2023 Update) 2024-05-07
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On a decentralized exchange, users can check the token address on-chain using a block explorer, such as Etherscan on Ethereum, to confirm whether a given token is authentic. A centralized platform, however, requires customers to trust the exchange’s internal naming system. The Court Room Strategy Net buying pressure and the information in bitcoin option ...Overkill The standout sale of the week was Cryptopunk #2367, fetching a cool $143,062 just three days ago. BNB’s Starcraft Planets #1498 was auctioned off at $32,880 merely 24 hours ago, and Bitcoin’s Ordinal Maxibiz commanded a price of $30,646 on Magic Eden three days back.

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Bitcoin bulls encircle $28K as trader says ‘big’ buyer must step in “Potentially that will change long term,” Julio adds, “and we’re still excited to see that happen, hopefully, but that’s not the case right now.” Crypto casinos: How bitcoin opened up a new online gambling worldDappicom functions as a Zero-Knowledge Virtual Machine (ZKVM) and is compatible with the MOS 6502 instruction set, a low-cost 8-bit microprocessor introduced in 1975 that became widely popular in numerous computing platforms, including NES. The ZKVM also incorporates elements of Rust programming. For us, its not about how to make esports out of Web3 games, its more about how web3 technology can be used to improve the existing esports model. Its the game, not the tech, that should be front and center.

The founder and CEO of web3 security firm Delegate, Foobar, suggested the possibility of an insider job for the attack, citing unexplained vulnerabilities in the platform’s contracts. The security expert said: The Kennedy name has been closely associated with the Democratic Party for generations, but RFK Jr.’s positions on a variety of issues, such as his opposition to vaccines, have alienated him from the party mainstream and his own family. What are derivatives in USA?“Bitcoin’s bullish flag is still in play — but it is taking too long to play out,” fellow trader Jelle continued, zooming out to monthly performance. “October is generally the most bullish month of the year, thus I’m still expecting this one to break out upwards.”BTC/USD annotated chart. Source: Jelle/XWar returns to crypto observers’ radarWhen it comes to price triggers, however, the unfolding conflict in Israel has Bitcoin and crypto market participants anticipating the bulk of volatility is still to come.With the memory of Bitcoin’s reaction to the war in Ukraine in February 2022 still in the background, Jelle was cautious over what might happen to BTC/USD next.“All I do know is that the Ukraine war triggered an 8% down candle, that was erased within a day,” part of the day’s X commentary explained.Mike McGlone, senior macro strategist at Bloomberg Intelligence, meanwhile described Bitcoin as now showing a “risk-off tilt” among traders.“My bias is the downward sloping 100-week moving average is likely to win the battle vs. the up trending 50-week. Spiking #crudeoil is a liquidity pressure factor,” he wrote on Oct. 8.BTC/USD vs. Fed funds futures with 50, 100-week MA chart. Source: Mike McGlone/XAt the time, the 100-week and 50-week MAs were at $28,938 and $24,890, respectively.McGlone touched on an unfolding macro asset phenomenon, with gold up 1% on the day and Brent crude up 3.25% ahead of the Wall Street open.“Markets reacting quite defensively,” Skew added, noting renewed strength in the U.S. Dollar Index (DXY), which gained 0.4%.Last week, the DXY hit its highest levels since late 2022.DXY 1-hour chart. Source: TradingViewCPI leads “huge week for inflation”In the U.S., attention focuses on the week’s macroeconomic data prints, headlined by the September CPI report.After jobs data last week showed that employment levels remained resilient despite anti-inflation moves from the Fed, Bitcoin briefly recoiled over fears that officials would enact another interest rate hike, further pressuring liquidity.While BTC/USD rebounded, those fears remain.“A good CPI data on Thursday could provide a chance to break out from this range, whereas a hot CPI would push us back into the range lows with the premise that the FED might be forced to hike 25bsp,” part of weekend analysis from popular commentator CrypNuevo read.Fed target rate probabilities chart. Source: CME GroupAccording to data from CME Group’s FedWatch Tool, markets are increasingly betting on rates staying at current levels on decision day, set for Nov. 1.Beyond CPI, this week will see the Producer Price Index (PPI) release, along with more jobless claims and a total of 12 Fed speakers delivering commentary. The minutes of the Fed meeting around the previous rates decision will also be unveiled on Oct. 11.Key Events This Week:1. September PPI Inflation - Wednesday2. Fed Meeting Minutes - Wednesday3. September CPI Inflation - Thursday4. OPEC Monthly Report - Thursday5. Jobless Claims Data - Thursday6. Total of 12 Fed speaker eventsHuge week for inflation and the Fed.— The Kobeissi Letter (@KobeissiLetter) October 8, 2023 XRP's Price Surge: Following Ripple's recent legal victories, XRP's price witnessed a notable increase, rising to approximately $0.55. This surge in XRP's value was significant, especially when compared to its earlier jump to over $0.85 after the initial victory during the summer.

Additionally, finality is how decentralized applications (DApps) make sure their activities are safe and trustworthy. Finality ensures that decisions and transactions made within these applications are unchangeable and irreversible. Moreover, the blockchain develops trust among the network’s users and members by making transactions final. Users’ trust in the system is increased by knowing that transactions are irreversible. Methodology: Data was obtained from Companies Market Cap as of Sep 19, 2023. Video game companies that have entered web3 are based on• whether it launched or plans to launch a blockchain product• invested in another web3 company, or• has open positions for blockchain roles Bitcoin exchange operator pleads guilty in U.S. case tied to JPMorgan hackMarkus and Palmer both expressed delight at the success of their pet project. The Dogecoin creators grew attached to the community they’d created and felt obligated to create a good currency for them. Similarly, they were pleased that Dogecoin was educating people about decentralized currency. Exchange Supply provides a real-time snapshot of the total deposits that investors currently hold in exchange-hosted wallets. Typically, when exchange supply increases during a prolonged bearish price downtrend, it signals that holders have grown dysphoric and are now looking to exit their positions.

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