Olymp Trade: Trading platform-Your online broker - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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“Huge week for inflation and the Fed,” financial commentary resource The Kobeissi Letter summarized in part of an X thread.“In addition, markets will react to geopolitical tensions from this weekend. Volatility is the new normal.” NVT signal spikes to highest since 2018Within Bitcoin, the network value to transaction (NVT) signal leads the pack on on-chain metric volatility to start the week.NVT, which its creator, Dmity Kalichkin, describes as a “PE ratio” for Bitcoin, seeks to estimate local BTC price tops and bottoms by comparing market cap to daily on-chain transaction values.The latest data from on-chain analytics firm Glassnode shows NVT hitting its highest levels in five years — over 1,750 and far beyond its position at the start of 2023.Bitcoin NVT signal chart. Source: Glassnode/XNVT has undergone various overhauls in recent years, as the dynamics of the BTC supply call for different guidance figures for determining price tops.“If the trend towards side-chains and private transactions continues, we can expect less-and-less transactions to be captured in the public on-chain data (reducing the relative value of the “T” in NVT),” Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, wrote in part of his own research in 2019.“This could cause the fair value NVT range to increase with time.”Analyzing the NVT spike, crypto market intelligence platform IntoTheBlock suggested that it was representative of a broader metamorphosis.“The lens through which we view Bitcoin's value is changing,” it wrote at the weekend. “Transaction value & volume were once the go-to metrics. However, recent spikes in NVT ratios hint that Bitcoin's value is now moving independently of transactional utility, hinting at its growing role as a store of value.”Neither fearful, nor greedyProviding a fleeting insight into crypto market sentiment, the classic Crypto Fear & Greed Index reflects an overall air of indecision.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesThe average investor is ambivalent when it comes to the market, as shown by the Index sticking rigidly to its “neutral” territory.As of Oct. 9, Fear & Greed is at 50/100 — exactly half way along its scale between two sentiment extremes.Zooming out, recent months have marked some of its least volatile conditions on record.“You know the drill, i will be mass buying when we drop down to Extreme Fear and a $20,000 Bitcoin,” popular trader Crypto Tony reacted to the latest data. “May take a while, but i feel Q1 / Q2 2024 will be the ticket. If i see a change in behaviour i will re-evaluate.”Crypto Tony referenced an inkling that BTC/USD will return to $20,000 for a final retest before expanding higher after the 2024 block subsidy halving. Crypto Fear & Greed Index (screenshot). Source: Alternative.meThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. BTC/USD 1-Week Chart (Source: CoinMarketCap) Olymp Trade: Trading platform-Your online brokerBy Shayan The number of wallets also increased rapidly, reaching 6.6 million by June 2023, and almost 1.6 million new wallets have been created since January 2023.

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“After discussion and consensus among all nodes, these services will be reopened once the vulnerabilities are confirmed and fixed,” the team said in an X post on Monday. The weighted average cost of purchased Bitcoin recently reached a level signifying that all investors who have consistently dollar-cost averaged into the leading cryptocurrency are now in the black, regardless of how long they have been holding.Just a reminder that every single pleb who has been dollar cost averaging #bitcoin is now in profit no matter when they first started DCA'ing. Every single one of them! pic.twitter.com/pnuIqdQznM— Wicked (@w_s_bitcoin) July 3, 2023 Crypto exchange operator Quoine fined $67000 over breach of 650k customers' dataThe world's largest digital asset by market cap has outperformed ether and other major altcoins since the beginning of the year. Bitcoin changed hands for $27,354 at 2:28 p.m. ET, according to CoinGecko. The world's largest digital asset by market cap has traded flat over the past seven days, but is still up 66% this year compared with 32% for ether. The world's second-largest digital asset by market cap is priced at $1,561, down almost 6% in the past week. Polygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated, and was followed with a 10.6% decline over the six days leading into Oct. 10.

General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.CyberConnect’s 11.42% Token Release Sparks Market Volatility Ethereum (ETH), the second-largest cryptocurrency by market cap, has been at the forefront of the crypto bull run, amassing significant gains in the past year. Nigeria SEC to Avoid Cryptocurrencies in Digital Assets PushAt the launch of Polygon, they claimed to be the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. As described by the network, the core component of the network is Polygon SDK (software development kit), a modular, flexible framework that supports building and connecting two solutions which are the Secured Chains aka Layer 2 chains, and the Stand-alone Chains aka Sidechains. Undoubtedly, VCs have also been ditching crypto investment due to the AI hype. For example, SoftBank, the Japanese investment giant, has been aggressively investing in AI startups, diverting away from crypto investments.

Big bitcoin mining companies have been behind a massive increase in average network hashrate in the third quarter. Apart from Morgan, many other crypto users disagreed with Alfred’s positions, with some of them sarcastically asking him to sell his ETH tokens to them. An X user with the identity Crypto King asked Alfred how many ETH tokens he had and proposed to buy them all. The Next Big Crypto To Explode-5 CandidatesThe Lightning Network is on a tear. #ETH open interest has increased since the start of September.Funding rates remain neutral to negative, suggesting the market lacks direction. pic.twitter.com/EHESMQMncw

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