follow Crypto prince Lehpoe to be updated daily on crypto news.upcoming cryptocurrency trader from Liberia, and the only child left in the world without family.
This chart shows a clear correlation between Global M2 (money supply) and Bitcoin's price. Global M2 leads Bitcoin by about 10 weeks, meaning when the global money supply increases, Bitcoin's price often follows 🔍
Investors turn to assets like Bitcoin to hedge against inflation as more money circulates, driving up its price. This highlights Bitcoin's role as a store of value in times of increasing liquidity 🤑
Can you see where the Global M2 is heading us next?
Democratic senators urged Federal Reserve Chair Jerome Powell to aggressively cut the central bank’s benchmark interest rate, including by 0.75% this week 🙏
Donald Trump today launched his long-rumored crypto project, World Liberty Financial, the project plans to sell the majority of its WLFI tokens, upwards of 63%, to accredited investors in the U.S. 😁
Singapore’s DBS Bank will launch over-the-counter crypto options trading and structured notes for BTC and ETH for its institutional clients 🇸🇬
The SEC filed its proposed amended complaint against Binance with a greater emphasis on the exchange's token listing process 👌
Volatility is a key concept in financial markets, representing the degree of variation in the price of an asset over time. It shows how much and how quickly prices can change within a given period.
😨 Higher volatility indicates larger price swings and more uncertainty or risk. For investors and traders, understanding volatility is crucial as it can affect the value of investments and the overall market sentiment.
One of the most well-known measures of volatility is the Volatility Index (VIX), also known as the "fear gauge." The VIX tracks the expected 30-day volatility of the S&P 500 based on options trading 📈📉
Rising VIX signals significant price fluctuations in the near future, lower VIX suggests a more stable and less risky market environment 😌
As a rule of thumb, crypto is a highly volatile market
Volatility is a key concept in financial markets, representing the degree of variation in the price of an asset over time. It shows how much and how quickly prices can change within a given period.
😨 Higher volatility indicates larger price swings and more uncertainty or risk. For investors and traders, understanding volatility is crucial as it can affect the value of investments and the overall market sentiment.
One of the most well-known measures of volatility is the Volatility Index (VIX), also known as the "fear gauge." The VIX tracks the expected 30-day volatility of the S&P 500 based on options trading 📈📉
Rising VIX signals significant price fluctuations in the near future, lower VIX suggests a more stable and less risky market environment 😌
As a rule of thumb, crypto is a highly volatile market
No significant unlocks this week, except that ARB continues to increase sell pressure in order books. The total value of tokens unlocked this week will exceed $154.84 million 👇
• Arbitrum (ARB) — $47.45M • Velo (VELO) — $34.17M • SPACE ID (ID) — $26.22M • Polyhedra (ZKJ) — $17.89M • ApeCoin (APE) — $11.02M • Merlin Chain (MERL) — $9.96M • Lista DAO (LISTA) — $8.13M
You may not have felt it on your own skin, but in the last 60 days there have been at least 5 major heists in the crypto industry totaling around $308 million 💰
✅ Bitcoin is closing above $60,000 today, and altcoins are showing modest gains, stock market is green again, bulls are happy and waiting for Fed interest rate decision later this week 🧪
Daily Digest:
🔸 MicroStrategy has acquired an additional 18,300 BTC for ~$1.11 billion and now holds 244,800 bitcoins 🕕
🔸 Donald Trump announced he is launching the World Liberty Financial crypto platform on Sept. 16
🔸 23,000 BTC options have expired today with a Put Call Ratio of 0.87
🔸 Hong Kong’s Securities and Futures Commission plans to introduce a new licensing regime for crypto OTCs
🔸 Kraken has responded to the SEC's claim that it violated federal securities laws, arguing digital assets aren’t securities
🔸 Revolute added support for the TON coin, currently available for UK and EU users 🔷
🔸 FTX co-founder and former CEO Sam Bankman-Fried appealed his fraud conviction
#Bitcoin is currently on track to close September in the green.
It has only managed to actually close green thrice before; in 2015, 2016 and 2023 - all three of which led to a green October, November and December as well.