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#WRITE2earn Market Trends Update: #Bitcoin and #Ether Prices, Watch #MarketDecline #EthereumDown $BTC $ETH Bitcoin (BTC) experienced a drop of almost 4%, dipping below $62,500 during the early hours of the Asian business day. At the same time, Ether (ETH) is holding steady above the $3,000 mark. The Bitcoin Trend Indicator (BTI) has shifted from bullish to neutral, indicating a waning of upward momentum. This indicator, updated daily, communicates both the direction and strength of Bitcoin's price trends through a specialized algorithm. Since October 2023, the Bitcoin BTI has consistently signaled an uptrend or a significant upward movement, coinciding with reports of major fund managers nearing discussions' end with the Securities and Exchange Commission (SEC) regarding the launch of spot bitcoin exchange-traded funds (ETFs). Similarly, Ether's trend indicator has also reached a neutral position. Market data reveals that on April 15, there were no outflows from any bitcoin ETFs except for GBTC. The total flow for last week saw a negative of $82.5 million, primarily due to outflows from GBTC. Matteo Greco, a Research Analyst at Fineqia, noted in a statement shared with CoinDesk that despite the market downturn, trading volumes remained strong. BTC Spot ETFs recorded a weekly trading volume of about $16.2 billion, averaging $3.2 billion per day. Since inception, the cumulative trading volume stands at approximately $212 billion, with an average daily trading volume of around $3.3 billion. Meanwhile, a recent report from Watchcharts.com and Morgan Stanley highlights a continued decline in luxury watch prices. The report suggests that despite the robust performance of equity and crypto markets, which might have temporarily eased downward pressure on prices, the secondary market for watches saw sequential contraction in the first quarter. High inventory levels are cited as a primary reason for the ongoing decline in market prices, leading the report to conclude that it's premature to anticipate an immediate recovery in the secondary watch market.

#WRITE2earn Market Trends Update: #Bitcoin and #Ether Prices, Watch #MarketDecline #EthereumDown

$BTC $ETH

Bitcoin (BTC) experienced a drop of almost 4%, dipping below $62,500 during the early hours of the Asian business day. At the same time, Ether (ETH) is holding steady above the $3,000 mark.

The Bitcoin Trend Indicator (BTI) has shifted from bullish to neutral, indicating a waning of upward momentum. This indicator, updated daily, communicates both the direction and strength of Bitcoin's price trends through a specialized algorithm.

Since October 2023, the Bitcoin BTI has consistently signaled an uptrend or a significant upward movement, coinciding with reports of major fund managers nearing discussions' end with the Securities and Exchange Commission (SEC) regarding the launch of spot bitcoin exchange-traded funds (ETFs).

Similarly, Ether's trend indicator has also reached a neutral position.

Market data reveals that on April 15, there were no outflows from any bitcoin ETFs except for GBTC. The total flow for last week saw a negative of $82.5 million, primarily due to outflows from GBTC.

Matteo Greco, a Research Analyst at Fineqia, noted in a statement shared with CoinDesk that despite the market downturn, trading volumes remained strong. BTC Spot ETFs recorded a weekly trading volume of about $16.2 billion, averaging $3.2 billion per day. Since inception, the cumulative trading volume stands at approximately $212 billion, with an average daily trading volume of around $3.3 billion.

Meanwhile, a recent report from Watchcharts.com and Morgan Stanley highlights a continued decline in luxury watch prices. The report suggests that despite the robust performance of equity and crypto markets, which might have temporarily eased downward pressure on prices, the secondary market for watches saw sequential contraction in the first quarter. High inventory levels are cited as a primary reason for the ongoing decline in market prices, leading the report to conclude that it's premature to anticipate an immediate recovery in the secondary watch market.

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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#Write2earn #Solana Revenue Milestone: Celebrations Overshadow High Transaction Fees #SolanaVsEthereum #ethereum #altcoins $SOL $ETH The Solana community is celebrating record-high revenue, but this milestone indicates users are paying significant transaction fees. The rivalry between Solana and Ethereum supporters is intensifying, with Solana enthusiasts celebrating the network surpassing Ethereum in daily revenue for the first time. Solana's Rising Fees Despite the celebration, Solana's rising transaction fees were overlooked. Solana boasts high throughput, handling 2,000 to 3,000 transactions per second (TPS) recently. However, recent congestion led to many failed transactions. Dune Analytics data showed over 60% of Solana transactions failed in the past month, and successful transactions dropped by over 50% since November. To counter congestion, users have been paying higher fees. Average transaction fees on Solana reached new highs, peaking at $0.06 on March 18 before falling to $0.0136. Yet, these fees remain higher than those on Ethereum’s leading Layer 2 solutions, which average between $0.005 and $0.012. From February to May, over 75% of Solana’s transaction revenue came from non-vote priority fees—additional charges users pay to prioritize their transactions in a congested network. Ethereum's Continued Dominance Despite Solana's revenue milestone, Ethereum remains a leader in several key metrics. According to DeFi Llama, Ethereum outperforms Solana in decentralized exchange volume by 33% daily and 26% weekly. Messari's analysis also shows Ethereum leading in "real volume," with $24.8 billion compared to Solana’s $6.77 billion. Ethereum’s DeFi total value locked (TVL) is $53.6 billion, far surpassing Solana’s $4.5 billion. Additionally, Ether has a market cap of $354.8 billion, compared to $111.3 billion for SOL.
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#Write2earn #SEI TOKEN SOARS 30% FOLLOWING ANNOUNCEMENT OF ETHEREUM-COMPATIBLE V2 UPGRADE #SEInetwork #SeiUpgrade #ethereum $SEI $ETH Sei, a high-speed Layer 1 blockchain, saw its token spike by 30% after announcing plans for its Ethereum-compatible V2 upgrade. The roadmap for Sei V2, shared yesterday, caused the native token to surge. Sei V2 aims to introduce the first highly performant parallelized Ethereum Virtual Machine (EVM) into production. The upgrade will start with a governance proposal in phase one. If approved, phase two will see the deployment of V2 Alpha, enabling EVM-based smart contracts and starting infrastructure integrations with the network. The team expects phase two to take days rather than weeks, emphasizing chain stability throughout the process. Details for phase three are not yet specified, but the team will provide updates once V2 is stable and critical infrastructure components like RPCs, bridges, indexers, and multisigs are ready. On this news, SEI jumped 25% from $0.44 to $0.58 before settling at $0.55. The network's market capitalization is now $1.6 billion. In early February, Sei upgraded its devnet, allowing developers to deploy code compatible with the EVM. This upgrade opens the network to Ethereum’s extensive ecosystem of dApps, giving developers more tools and programming options. This release is intended for developers to experiment with deploying their applications, rather than for end users.
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#Write2earn #NOTCOIN $not EMERGES WITH $1 BILLION FDV: GAMING TOKEN HITS TRADING FLOORS A portion of the supply, totaling 4.5%, was allocated for users on Binance Launchpool and OKX Jumpstart. Notcoin (NOT), a gaming token boasting over 35 million users, commenced trading with a fully diluted value (FDV) of $1 billion after distribution via airdrop and across various exchanges. The token generated $294 million in trading volume within the initial hour of trading, as reported by CoinMarketCap. Early adopters of the game, accessible through the Telegram app, acquired Notcoin from January to April by engaging in challenges within the game and clicking on virtual coins. In-game balances have been converted at a ratio of 1000:1, according to a press release. Notcoin's maximum supply is capped at 102 billion, with 3% allocated to Binance Launchpool users and an additional 1.5% reserved for OKX Jumpstart users. The project has also introduced a staking mechanism to encourage airdrop recipients to hold their tokens. Staking will be necessary to "earn extra rewards" and access more lucrative staking pools based on the player’s game level. Sasha Plotvinov, founder of Notcoin developers Open Builders, expressed enthusiasm, stating, “It’s been an amazing few months. We’re extremely proud that Notcoin’s viral growth has introduced millions to crypto and TON’s ecosystem."
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#ETFvsBTC Spot Bitcoin ETFs See Surge in Inflows: Fidelity's FBTC Leads the Way #Bitcoin #BitcoinETF #ETF #BTC☀️ $BTC Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a notable surge in daily net inflows, reaching $302.97 million on Wednesday, the highest level since May 3. Fidelity's FBTC led the charge, attracting a remarkable $131 million in inflows daily, as reported by data from SoSoValue. Bitwise's fund followed closely behind with $86 million in inflows, while Ark Invest and 21Shares' ARKB generated $39 million in net inflows. Other ETFs, including those managed by Valkyrie, VanEck, Franklin Templeton, WisdomTree, and Invesco/Galaxy Digital, reported modest single-digit net inflows. Even Grayscale's GBTC, the largest spot Bitcoin fund by net asset value, saw its third net inflow on Wednesday, bringing in $27 million. However, BlackRock, the second-largest fund, recorded no flows. Rachael Lucas, a crypto analyst at BTC Markets, commented, "The significant inflows indicate that investment advisors and hedge fund managers view BTC ETFs as a unique hedge, offering diversification benefits that traditional asset classes cannot match." As of Wednesday, a total of 11 spot Bitcoin ETFs in the U.S. had accumulated net inflows of $12.15 billion. Nonetheless, trading volume for these ETFs has steadily declined since reaching its peak in March.
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#Write2earn #BONK Token Rockets After #Bithumb Listing: Bullish Trends on the Rise #BONKKILLER $BONK $SOL Bithumb's listing of Bonk (BONK), the pioneering dog-themed cryptocurrency on the Solana network, marks a significant milestone for the token. Trading for BONK on the Korean won market starts at 5:00 p.m. on May 16, triggering a surge in both its price and trading volume. This listing on Bithumb opens up one of Asia's largest cryptocurrency markets to BONK, enhancing liquidity and attracting a broader investor base. Since the announcement, BONK's market performance has been impressive, with its price rising by 9.57% to $0.00002611 in the past 24 hours. Over the last 30 days, BONK's price has surged by 78.5%, indicating strong bullish momentum. Trading volume has increased by 36.53% to $498.6 million, reflecting heightened investor interest. BONK's market capitalization has also risen by 9.37% to $1.66 billion. Additionally, Open Interest for BONK has surged by 13.24% to $280.82 million, suggesting growing trader participation and bullish sentiment. Overall, BONK's listing on Bithumb has propelled its trading volume and price, signaling a positive outlook for further expansion and stability in the cryptocurrency market.
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