Over the last five days, Dogecoin (DOGE) miners have witnessed a significant surge in their reserves, according to data from crypto intelligence portal IntoTheBlock. The reserves of direct network participants have grown from 4.47 million to 4.52 million DOGE during this period, marking a notable increase.

In the crypto realm, such developments often serve as potential indicators of an imminent price surge for the token. Per traditional wisdom, an accumulation of reserves is viewed optimistically, implying bullish sentiment. Conversely, a sell-off by miners is typically perceived as a bearish sign. However, it is essential to consider the broader context surrounding these trends.

Taking a closer look at the larger picture, it becomes apparent that the spike in Dogecoin miners' reserves follows an outflow of 60 million DOGE earlier this month. This suggests that, in July alone, approximately 10 million more DOGE flowed out of these addresses than entered them. Related Here's How Much Dogecoin (DOGE), SOL, XRP Binance Holds While this may initially raise concerns, it is crucial to understand that Dogecoin miners' reserves merely account for 3.22% of the total tokens in circulation. Consequently, these fluctuations are less likely to exert a significant impact on the overall DOGE price. Instead, they may reflect current sentiment among network participants and provide insights into the DOGE market's dynamics. Is this ultimately a signal of an imminent Dogecoin rally? It is an open question, but the sentiment hints at such a possibility.

#dogecoin #miners

Cryptocurrencies, known for their volatility, pose the greatest risk in the event of a recession, warns Mike McGlone, Bloomberg Intelligence's senior commodity strategist, in a recent tweet.  Despite Bitcoin being the least of concerns among cryptocurrencies, McGlone predicts that the U.S. is unlikely to dodge an economic downturn by year-end. As a consequence of an imminent recession, central banks may resort to injecting more liquidity into the system, a practice that usually results in struggling risk assets and lower interest rates. The strategist also anticipates a negative impact on stocks that have bounced back. McGlone bases his prediction on the historical relationship between liquidity and risk assets, noting significant negative liquidity at the end of the first half of 2023. He suggests that this could signal the arrival of a long-anticipated recession, which would add headwinds for both cryptocurrencies and bounced-back stocks. The prediction comes in the face of an unfriendly Federal Reserve, which, according to Bloomberg, seems more inclined to continue hiking interest rates.

Interestingly, the strategist also draws a parallel between the performance of Bitcoin, the so-called "digital gold," and that of physical gold during the 2008 financial crisis. He notes that gold saw a drop of approximately 30% from its peak before rallying. The implication here being that Bitcoin could potentially follow a similar trajectory in the second half of 2023. As of now, Bitcoin is on an upward trajectory, despite the New York Federal Reserve's probability of recession from the yield curve being at its highest since 1982. However, the impact of these economic indicators on Bitcoin's price remains uncertain. Despite the warnings of potential risks, investors, particularly those with a high-risk tolerance, may still view any dips as potential buying opportunities.

#crypto2023 #cryptocurrency

Fidelity's Director of Global Macro Jurrien Timmer has publicly shared his recent insightful analysis of Bitcoin's performance. Despite the cryptocurrency market experiencing a significant uptick, Timmer suggests that Bitcoin's current price surge might be outpacing its fundamentals. Bitcoin, often referred to as  the "digital gold," is perceived as a store of value. This digital asset, much like its physical counterpart, usually appreciates when real interest rates decline, providing a hedge against inflation. Recently, however, Bitcoin appears to be shrugging off the influence of real interest rates, instead seemingly being driven by speculation around the possible introduction of a spot exchange-traded fund (ETF).

Timmer's chart suggests an interesting correlation between Bitcoin's price, its adoption curve (the rate at which new participants enter the market) and the real interest rate environment. His analysis implies that Bitcoin might currently be ahead of where it should be, considering these macroeconomic variables. A potential Bitcoin ETF has been a significant topic of discussion within the crypto community for a while now. If approved, it would provide an accessible investment vehicle for retail and institutional investors alike, potentially boosting Bitcoin's market liquidity and price.

However, Timmer's observations should serve as a cautionary note for investors. Bitcoin's current price surge could be primarily driven by speculation around the ETF, meaning that its price might not be fundamentally justified by the rate of new market participants and the macroeconomic backdrop of real interest rates. It is worth mentioning that markets are inherently unpredictable, and Timmer's analysis, while thought-provoking, is just one perspective. It is vital for investors to conduct their own research and consider a wide range of factors when making investment decisions. #Bitcoin

#bitcoin #newsbrief

The first month of summer flew by unnoticed, and this Monday #weekly_digest from Getgems, as always, goes to your feeds. Here the guys tell what happened in the world of NFT on TON in a week. Go!

🔥Full launch of DAO voting tool: TON Vote

With its help, voting among network users has already been held (for example, on the optimization of tokenomics), and now the service is entering the big stage. In the future, any ecosystem product will be able to use TON Vote for decentralized voting.

🤩 Another new drop and.. sold-out of the Mutants Punks cc0 collection!

Full confirmation of the facts that vibe + community + inexpensive and stylish NFTs = a hurricane of sales! The collection immediately sold out, and is now available only on the secondary market. Floor has grown 4 times from the starting price.

❤️ Learn more about Tongochi ICO

Back in May, the creators of the p2e game Tongochi launched an open round of placement of the project’s own token, and they tell the details of its use, as well as share their plans: the token is used for trading within the game, additional NFT drops to top holders, and a good burning mechanism.

🤟🏻 Galya, we have a transfer — TGE $PUNK is moving

Like real punks, TON Punks couldn't help but go against the system. But they honestly say that they are moving and designate a deadline - they are ready to start tomorrow, July 4th.

🛸 Tonstarter and 8XR are preparing something cosmic!

A waiting list for access to the TON Atlas metaverse has opened. The guys at 8XR have a lot of experience with game projects, and they might come up with something out of the ordinary! There are rumors that there will be something about Getgems. Let's see?

⚡️TON Monsters Lightning Contest

Right now there is still a weekend contest: among the buyers of ordinary NFTs from the collection, one Alpha Monster from a separate generation will be drawn.

We rejoice at the news and do not forget to put lights under the posts 👀

#GOATMoments