Crypto World Tina™

2021-09-01 15:04:01 ​​The Latest Breaking News

#1 Centre Consortium announces new team to create 'global network of stablecoins' — link

#2 FTX US to launch crypto derivatives after LedgerX acquisition — link

#3 Syndicate has raised $20 million in a Series A round led by Andreessen Horowitz — link

#4 El Salvador’s legislative assembly has approved a $150 million Bitcoin fund — link

#5 MetaMask surpasses 10M monthly active users — link Open / Comment

2021-09-01 15:03:55 ​​ Daily Bitcoin chart review

So far Bitcoin HL not violated so chances for the bounce stay open Month VWAP moved to 47080 and now together with MA144 support the price.

Situation at day tf looks almost the same as August 18th so it gives a hope for the same continuation. Wouldn't count on that too much, but so far alts are following Ethereum, and that push BTC price action to background.

Global structure the same - cross below 46250 can cause retracement to 44k. While above we may see re-test of ~49k again.

48300 - 49830 - 50600
46250 - 45850 - 43800

MAVW:
4H 48300
D 36905
VWAP (M): 47080

Fear & Greed index: 71 (<= 73 <= 73 <= 72) Open / Comment

2021-09-01 15:03:50 ​​Institutions Remain Bullish on Cardano and ETH while BTC Demand Declines

Institutional demand for Ethereum and Cardano investment products massively increased last week.

However demand for Bitcoin products declined according to data from institutional asset manager CoinShares.

Altcoins-based Investment product received institutional investment up to $24 million which is 14.3% compared to the previous week’s $21 million.

ETH-based products recorded inflow of $17.2 million while Cardano-based recorded $10.1 million. Open / Comment

2021-08-31 10:16:46 ​​ Market Overview

Bitcoin and select major altcoins are still facing selling at overhead resistance levels, indicating that the next leg of the uptrend may have to wait.

The Top-10 cryptocurrencies are traded in different directions. Solana +21.7%. Polkadot +7.8%, Binance Coin -2.8% ,

Market capitalization: $2.14T (+0.49%)
The BTC dominance: 41.44% (-2.14%)
Fear & Greed Index: 73 (Greed)

Top Gainers

1MillionNFT (1MIL) +261%
Tidal Finance (TIDAL) +159%
8PAY (8PAY) +120%

Top Losers

Tundra Token (TUNDRA) -64.7%
Metaverse DNA (DNA) -43.5%
Function X (FX) -37.5%

BTC Futures

Aggregated Volume — $44.6B
Aggregated Open Interest — $14.33B

Derivatives Market Analytics Open / Comment

2021-08-31 10:16:42 ​​Interesting way to visualize Ethereum vs. Bitcoin historical usage trend — market share of combined transaction fees.

30-day moving average for Ethereum now at 96.8%. Open / Comment

2021-08-31 10:16:38 ​​Funding is still insignificant despite the considerable open interest.

I don't expect fireworks but this disbelief is going to fuel another leg up. Open / Comment

2021-08-31 10:16:34 ​​This is Nasdaq following 2000 bubble burst. Dropped 80% within 3 years. The Fed didn't have anyone's back. Imagine what happens when much larger 2021 bubble bursts. Open / Comment

2021-08-30 11:39:06 ​​#Bitcoin price is currently sitting at the top end of a strong on-chain support zone.

Over 1.65M $BTC now have an on-chain cost basis within the $45k to $50k range

The green zone below, at $31k to $40k, is also home to another 2.98M $BTC, indicative of large accumulation demand Open / Comment

2021-08-30 11:39:01 ​​Crypto News Weekly Recap #63

#1 MetaMask is open to creating its own crypto token — link

#2 Microsoft is awarded US patent for crypto token-creation service — link

#3 Circle stablecoin to be held 'Entirely' in cash, US treasuries — link

#4 Visa bought CryptoPunk 7610 for around $150,000 — link

#5 Iran to lift Bitcoin mining ban in September — link

#6 Paxos (PAX) will rebrand their stablecoin to Paxos Dollar USDP — link

#7 MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC — link

#8 FTX acquire naming rights to Cal Golden Bears' football pitch for $17.5m USD — link Open / Comment

2021-08-26 04:52:39 ​​Euler announced $8M Series A round led by Paradigm. Lemniscap, LAUNCHub Ventures, CMT Digital, Divergence Ventures and several individuals joined the round. Euler is a capital-efficient permissionless lending protocol that helps users to earn interest while using several innovative features. Open / Comment