According to a report from TradingView, Bitcoin's 10-day correlation coefficient with QQQ, the high-tech ETF known as Qs, fell below -0.77 on Thursday, to a three-year low (a correlation coefficient of -1 would mean that assets move in completely opposite directions). #bitcoin
No changes for me for #BTC. Still aiming for upper 17000s to be tagged. One position here, I'll add on the dip (if there is one) mid 16500s and cut below. #bitcoin
Compared #BTC's drawdowns during the current and previous bear markets in 2018-2019 (blue) and 2013-2015 (blue). In this crash cycle (in black), #Bitcoin managed to sink from its high price at $69,000 by 77% (while the current bottom was reached 376 days after its record rate).
Cryptocurrency ranked first in investment among emerging technologies
Investments in the future of the Internet and decentralized finance have outperformed even the fintech and biotech sectors. Meanwhile, Web3 and DeFi are representatives of the cryptocurrency industry.
The rate of coin accumulation against the background of falling prices is growing - TheBlock analysts note a sharp increase in the number of addresses, which have from 1 to 10 BTC, the figure is approaching a record 800 thousand. #bitcoin
Since the beginning of the ETH transition to PoS, the total net supply of coins has been only +2,317 ETH. A total of 131,454 ETH were issued to PoS validators and 129,137 ETH were burned through EIP1559. #ethereum
Beta staking for #chainlink begins at 12 pm est on Dec 6th. Interested to see how this plays out and if it is priced in. IMO it's not and we should see a break out of consolidation for #LINK.