LIVE
Market Insight
@cryptodatadive
Welcome to Market Insight, where we explore the world of cryptocurrency through the lens of data.
Following
Followers
Liked
Shared
Monetary Authority of Singapore releases new user protection rules for digital payment token companies
The Monetary Authority of Singapore has amended the Payment Services Act and its subsidiary legislation to expand the scope of payment services regulated by the central bank, according to a statement. The statement pointed out that the Hong Kong Monetary Authority will implement user protection and financial stability-related requirements for digital payment token (DPT) service providers. The amendments will authorize the Monetary Authority of Singapore to impose requirements on digital payment token (DPT) service providers related to anti-money laundering and countering the financing of terrorism, user protection and financial stability. The regulations will come into effect in phases from April 4.
#news #token #Singapore #moneyauthority #binance
The Monetary Authority of Singapore has amended the Payment Services Act and its subsidiary legislation to expand the scope of payment services regulated by the central bank, according to a statement. The statement pointed out that the Hong Kong Monetary Authority will implement user protection and financial stability-related requirements for digital payment token (DPT) service providers. The amendments will authorize the Monetary Authority of Singapore to impose requirements on digital payment token (DPT) service providers related to anti-money laundering and countering the financing of terrorism, user protection and financial stability. The regulations will come into effect in phases from April 4.
#news #token #Singapore #moneyauthority #binance
In 2 days, this $SOL degen turned $141 into $638,789!
He made 1 trade & his token Pumped by 9,128x
You don't need a 200 IQ to do the same
I made $300k lately, tracking smart wallets
Here's how to spot insider coin before it did 1000x
🧵👇
He made 1 trade & his token Pumped by 9,128x
You don't need a 200 IQ to do the same
I made $300k lately, tracking smart wallets
Here's how to spot insider coin before it did 1000x
🧵👇
The reason for today’s market crash ‼️
Read below 👇
Have you ever noticed the sudden drops in the value of crypto like BTC and ETH, only to see them rise again shortly after? These fluctuations are called pullbacks, and they are a common occurrence in the crypto market. In this article, we will explore the reasons behind these pullbacks and why they are essential for the overall health of the crypto market.
What is a Pullback?
A pullback is a temporary decline in the price after a period of growth. It is a natural part of market cycles and can be seen in various financial markets, not just in the crypto world. Pullbacks are often seen as a sign of a healthy market, as they help to stabilize prices and prevent the formation of speculative bubbles.
Reasons for Pullbacks:
- Profit-taking: After a period of growth, some investors may choose to sell their holdings to lock in profits. This selling pressure can lead to a temporary decline in the price of the cryptocurrency.
- Market corrections: Sometimes, the price of a cryptocurrency may rise too quickly, leading to an overvaluation of the asset. In these cases, a pullback can serve as a market correction, bringing the price back to a more realistic level.
- Negative news or events: The crypto market is highly sensitive to news and events that can impact investor sentiment. For example, regulatory changes or security breaches can lead to a decline in the value of a cryptocurrency.
- Technical factors: Some investors use technical analysis to make trading decisions. If a crypto reaches a specific resistance level or fails to break through a key support level, it can trigger a pullback.
Pullbacks in the crypto market are a natural part of the market cycle and are essential for maintaining a healthy and stable market. They can be caused by various factors, including profit-taking, market corrections, negative news or events, and technical factors. By understanding the reasons behind pullbacks, investors can make more informed decisions and navigate the crypto market with greater confidence.
Read below 👇
Have you ever noticed the sudden drops in the value of crypto like BTC and ETH, only to see them rise again shortly after? These fluctuations are called pullbacks, and they are a common occurrence in the crypto market. In this article, we will explore the reasons behind these pullbacks and why they are essential for the overall health of the crypto market.
What is a Pullback?
A pullback is a temporary decline in the price after a period of growth. It is a natural part of market cycles and can be seen in various financial markets, not just in the crypto world. Pullbacks are often seen as a sign of a healthy market, as they help to stabilize prices and prevent the formation of speculative bubbles.
Reasons for Pullbacks:
- Profit-taking: After a period of growth, some investors may choose to sell their holdings to lock in profits. This selling pressure can lead to a temporary decline in the price of the cryptocurrency.
- Market corrections: Sometimes, the price of a cryptocurrency may rise too quickly, leading to an overvaluation of the asset. In these cases, a pullback can serve as a market correction, bringing the price back to a more realistic level.
- Negative news or events: The crypto market is highly sensitive to news and events that can impact investor sentiment. For example, regulatory changes or security breaches can lead to a decline in the value of a cryptocurrency.
- Technical factors: Some investors use technical analysis to make trading decisions. If a crypto reaches a specific resistance level or fails to break through a key support level, it can trigger a pullback.
Pullbacks in the crypto market are a natural part of the market cycle and are essential for maintaining a healthy and stable market. They can be caused by various factors, including profit-taking, market corrections, negative news or events, and technical factors. By understanding the reasons behind pullbacks, investors can make more informed decisions and navigate the crypto market with greater confidence.
Bitcoin and Nvidia: A Surging Symbiosis Raises Eyebrows Amid AI Frenzy
Bitcoin (BTC) is closely tracking Nvidia (NVDA) shares, prompting scrutiny from analysts regarding the surging valuations of the Nasdaq-listed chipmaker. Despite pulling back over 8% from its record high of $73,798, BTC still boasts a 60% year-to-date increase, according to CoinDesk data. Similarly, Nvidia has retreated 9% from its all-time peak of $974 but maintains a year-to-date gain of 77.5%.
Over the past five years, bitcoin's market capitalization has skyrocketed from $70 billion to $1.43
Over the past five years, bitcoin's market capitalization has skyrocketed from $70 billion to $1.43
Are We Headed Towards a New Bubble?
Rise of Meme Coins: Crypto Markets Surged 12% in 24 Hours.
Cryptocurrency market is witnessing a surge in meme coin activity, with the sector rallying by an average of 12% in the last 24 hours, outperforming the broader market. Notably, meme tokens within the Ethereum and Solana ecosystems gained momentum starting in late February as a speculative play on blockchain growth. Memes like floki (FLOKI) and shiba inu (SHIB) saw staggering gains of up to 800% within a week amidst significant volatili
Cryptocurrency market is witnessing a surge in meme coin activity, with the sector rallying by an average of 12% in the last 24 hours, outperforming the broader market. Notably, meme tokens within the Ethereum and Solana ecosystems gained momentum starting in late February as a speculative play on blockchain growth. Memes like floki (FLOKI) and shiba inu (SHIB) saw staggering gains of up to 800% within a week amidst significant volatili
Bitcoin Freefall Sends Shockwaves Through Crypto Markets: Is This the End of the Bull Run ?
On Thursday, the cryptocurrency markets witnessed a sharp downturn, with bitcoin (BTC) plunging by more than 6% to dip below the $69,000 mark. This familiar scenario of volatility was quickly met with buyers stepping in, driving prices back up to $70,500 by the time of reporting.
Earlier in the day, BTC had surged to a new record high just below $74,000 before beginning its descent during the U.S. trading session. The decline intensified in the afternoon, reaching as low as $68,600 before a reb
Earlier in the day, BTC had surged to a new record high just below $74,000 before beginning its descent during the U.S. trading session. The decline intensified in the afternoon, reaching as low as $68,600 before a reb
Bitcoin's Bull Run: Is a Crash Inevitable?
Bitcoin (BTC) has been experiencing significant growth recently, continuously setting new highs. However, some analysts warn that this cryptocurrency may be approaching a correction phase.
Why might Bitcoin decrease?
Analysts from Swissblock suggest that the recent surge in Bitcoin's price is unsustainable.
Bitcoin's price has nearly doubled from $38,000 at the end of January without any significant correction.
The Relative Strength Index (RSI) on the 4-hour chart is trending downwards, typically signaling a potential price decrease.
Analyst Henrik Zeberg from Swissblock predicts that Bitcoin could drop to $58,000 - $59,000 in the coming days, equivalent to a 20% decrease from the current level.
Other indicators signaling an impending price decline:
The prices of meme coins are skyrocketing. Historically, the flow of money from major cryptocurrencies to meme coins has been a sign of an approaching market correction.
However, this is only a short-term prediction.
Analysts at Swissblock believe that the overall upward trend of Bitcoin's price will continue.
Matrixport, a cryptocurrency investment service company, also suggests that the market may enter an accumulation phase before resuming its upward trajectory.
Currently, the price of BTC has been hovering around $73,000 for about 3 days, indicating strong market demand.
Bitcoin (BTC) has been experiencing significant growth recently, continuously setting new highs. However, some analysts warn that this cryptocurrency may be approaching a correction phase.
Why might Bitcoin decrease?
Analysts from Swissblock suggest that the recent surge in Bitcoin's price is unsustainable.
Bitcoin's price has nearly doubled from $38,000 at the end of January without any significant correction.
The Relative Strength Index (RSI) on the 4-hour chart is trending downwards, typically signaling a potential price decrease.
Analyst Henrik Zeberg from Swissblock predicts that Bitcoin could drop to $58,000 - $59,000 in the coming days, equivalent to a 20% decrease from the current level.
Other indicators signaling an impending price decline:
The prices of meme coins are skyrocketing. Historically, the flow of money from major cryptocurrencies to meme coins has been a sign of an approaching market correction.
However, this is only a short-term prediction.
Analysts at Swissblock believe that the overall upward trend of Bitcoin's price will continue.
Matrixport, a cryptocurrency investment service company, also suggests that the market may enter an accumulation phase before resuming its upward trajectory.
Currently, the price of BTC has been hovering around $73,000 for about 3 days, indicating strong market demand.
The Payment segment will be the segment that benefits the most from traditional cash flow🔥🔥
BITCOIN ETF is a historic push, the flow of tradfi money that wants to flow into the market will be through the ETF or a service providing ON-OFF RAMPS solutions.
The flow will be in the order FIAT > ETF - (Crypto Payment)-> BTC > ALTCOIN
=> This leads to a big Narrative that will almost have to come after the ETF is approved, which is Crypto Payment. Payment projects will start to have land when they receive cash flow from Tradfi flowing directly into the Market.
Many traditional companies are also trying to cooperate with decentralized financial platforms, such as the recent information that Mastercard plans to integrate crypto payment cards with MetaMask or $XRP being announced by large banks such as Citibank. receive...
Narrative Payment is expected to explode in the near future, which name will lead this wave?
BITCOIN ETF is a historic push, the flow of tradfi money that wants to flow into the market will be through the ETF or a service providing ON-OFF RAMPS solutions.
The flow will be in the order FIAT > ETF - (Crypto Payment)-> BTC > ALTCOIN
=> This leads to a big Narrative that will almost have to come after the ETF is approved, which is Crypto Payment. Payment projects will start to have land when they receive cash flow from Tradfi flowing directly into the Market.
Many traditional companies are also trying to cooperate with decentralized financial platforms, such as the recent information that Mastercard plans to integrate crypto payment cards with MetaMask or $XRP being announced by large banks such as Citibank. receive...
Narrative Payment is expected to explode in the near future, which name will lead this wave?
Immediate benefits from Dencun upgrade
According to L2Beat, L2s have begun using a new structure containing "blob" transaction data that includes:
- Optimism
- Base
- StarkNet
- zkSync Era
After nearly a year of waiting for this major update, users can already see a clear difference in some of the top Layer 2s that have been applied, especially StarkNet (before the update it could cost several dollars). .
With Arbitrum, they will wait for the ArbOS Atlas upgrade to take place tonight at 8:41 p.m. and will start sending "blobs" 1-2 hours later. You will soon see fees on Arbitrum drop sharply.
This upgrade also allows L2s to have more modifications, thereby reducing gas fees on the network even further => Layer 2 War
Ethereum's future expansion vision is worth looking forward to, but don't focus too much on tech and forget about other factors when investing 💪
According to L2Beat, L2s have begun using a new structure containing "blob" transaction data that includes:
- Optimism
- Base
- StarkNet
- zkSync Era
After nearly a year of waiting for this major update, users can already see a clear difference in some of the top Layer 2s that have been applied, especially StarkNet (before the update it could cost several dollars). .
With Arbitrum, they will wait for the ArbOS Atlas upgrade to take place tonight at 8:41 p.m. and will start sending "blobs" 1-2 hours later. You will soon see fees on Arbitrum drop sharply.
This upgrade also allows L2s to have more modifications, thereby reducing gas fees on the network even further => Layer 2 War
Ethereum's future expansion vision is worth looking forward to, but don't focus too much on tech and forget about other factors when investing 💪
🚀Snapshot of investments: Tracking the top assets accumulated by savvy investors in the last 24 hours as of 12 pm, 13rd March 2024
$MKR leads with $10.1M, followed by $RBN at $1.6M, and $UNI at $3.1M. Mid-range performers include $SNX with $634.6K, $LINK at $1.1M, and $CRV with $544.2K. $HARAMBE, $VARNY, $SHIB, and $AIOZ represent the lower spectrum of investments, ranging from $258.7K to $1.8M. Data updated as of 12 pm, 13rd March 2024.
#bitcoin #Shibarium #Ethereum(ETH)
$MKR leads with $10.1M, followed by $RBN at $1.6M, and $UNI at $3.1M. Mid-range performers include $SNX with $634.6K, $LINK at $1.1M, and $CRV with $544.2K. $HARAMBE, $VARNY, $SHIB, and $AIOZ represent the lower spectrum of investments, ranging from $258.7K to $1.8M. Data updated as of 12 pm, 13rd March 2024.
#bitcoin #Shibarium #Ethereum(ETH)
LIVE
Onchain Research - TheDatafi
--
Bullish
Dear Funds/Communities/Partners in the crypto industry,
With an always-ready and open mindset in creating values for our research and investing journey in the Crypto market, our team would like to share the following plans with our partners. Specifically:
Currently, our Tech and R&D team of DataFi is in the process of building decentralized account data blocks to enable partners to leverage insights for:
- Tracking money flows in the market based on categories, labels, narratives, etc. to seize early opportunities in investing and researching.
- Reporting on the sentiment and behavior of specific wallet groups (Funds, Smart DEX Whales, Smart Insiders, etc.).
- Monitoring and measuring event-related news from trusted global KOLs.
- And other reports and retrievals relating to on-chain data.
Therefore, if having any specific needs mentioned above, we kindly look forward to your sharing additional information in the comment below.
Best regards.
---------------
It would be fantastic if we could collaborate with our friends on Binance, right? 😍@Crypto Eagles @区块链克币姐 @Coinovation @Learn_With_Fullo @FORTUNE CRYPTO
---------
#NEAR $NEAR $PEPE #pepe #ETH $ETH
With an always-ready and open mindset in creating values for our research and investing journey in the Crypto market, our team would like to share the following plans with our partners. Specifically:
Currently, our Tech and R&D team of DataFi is in the process of building decentralized account data blocks to enable partners to leverage insights for:
- Tracking money flows in the market based on categories, labels, narratives, etc. to seize early opportunities in investing and researching.
- Reporting on the sentiment and behavior of specific wallet groups (Funds, Smart DEX Whales, Smart Insiders, etc.).
- Monitoring and measuring event-related news from trusted global KOLs.
- And other reports and retrievals relating to on-chain data.
Therefore, if having any specific needs mentioned above, we kindly look forward to your sharing additional information in the comment below.
Best regards.
---------------
It would be fantastic if we could collaborate with our friends on Binance, right? 😍@Crypto Eagles @区块链克币姐 @Coinovation @Learn_With_Fullo @FORTUNE CRYPTO
---------
#NEAR $NEAR $PEPE #pepe #ETH $ETH
Time remaining until Dencun mainnet time, 9 hours away
The time that is anticipated is 8:55 p.m. on March 13th.
With the trend of this cycle constantly shifting from Layer 1 to Layer 2, this is a significant upgrade for the crypto market.
Despite Ethereum's superior speed and cheaper gas, Layer 2 lags significantly behind competitors like #BNB Chain, #Polygon , #Solana🚀 , #AVAX✈️ , etc. => To keep up with retail, it needs to be even more affordable, which means Dencun.
The "Petra" upgrade will be continued by Ethereum developers after Dencun. This upgrade will introduce a data system called "Verkle Trees" to further expand Ethereum.
Everything that this Dencun upgrade is meant to improve is up and running at the moment, and $ETH has been performing better than #BTC.😉. for the past two months as well. Would there be any sales updates similar to the Shapella update?
The time that is anticipated is 8:55 p.m. on March 13th.
With the trend of this cycle constantly shifting from Layer 1 to Layer 2, this is a significant upgrade for the crypto market.
Despite Ethereum's superior speed and cheaper gas, Layer 2 lags significantly behind competitors like #BNB Chain, #Polygon , #Solana🚀 , #AVAX✈️ , etc. => To keep up with retail, it needs to be even more affordable, which means Dencun.
The "Petra" upgrade will be continued by Ethereum developers after Dencun. This upgrade will introduce a data system called "Verkle Trees" to further expand Ethereum.
Everything that this Dencun upgrade is meant to improve is up and running at the moment, and $ETH has been performing better than #BTC.😉. for the past two months as well. Would there be any sales updates similar to the Shapella update?
Market overview on March 13
📌 24-hour price movements:
- After a sideways period of 1 hour, #BTC adjusted to the Short position and created a spike at the price of $68k6 then returned to the price range of $72k.
- These quick withdrawals of #BTC.😉. have happened many times in the past week.
- Altcoins have also decreased slightly along with BTC, however some altcoins have had good recovery levels.
- More than $370 million was withdrawn from exchanges in the last 24 hours.
📌 Strongest increase/decrease:
- $TON (+25.8%)
- $NEAR (+22.4%)
- $INJ (+18%)
📌 Outstanding cash flows on Binance:
- Avalanche Ecosystem: $QI, $JOE, $AVAX
- Layer 1: $ACA, $NEAR , $INJ
📌 24-hour price movements:
- After a sideways period of 1 hour, #BTC adjusted to the Short position and created a spike at the price of $68k6 then returned to the price range of $72k.
- These quick withdrawals of #BTC.😉. have happened many times in the past week.
- Altcoins have also decreased slightly along with BTC, however some altcoins have had good recovery levels.
- More than $370 million was withdrawn from exchanges in the last 24 hours.
📌 Strongest increase/decrease:
- $TON (+25.8%)
- $NEAR (+22.4%)
- $INJ (+18%)
📌 Outstanding cash flows on Binance:
- Avalanche Ecosystem: $QI, $JOE, $AVAX
- Layer 1: $ACA, $NEAR , $INJ
Let's become millionaire together!
LIVEiCrypto - Sentiment and Onchain Analysis
--
A Detailed Guide on How you can read a Token's Details!
- $BTC crossed ATH and then immediately dumped. Huge cascade of liquidations on the same day, and -15% max drawdown on BTC, followed by a rapid bounce. Today $BTC had a clean breakout and is now above $72k
- Memecoins have been the best performers : $PEPE $FLOKI $SHIB $WIF $BONK $DOGE $MYRO
- AI coins ran hard with the Nvidia GTC conference catalyst : $FET $RNDR $AGIX $NEAR $OCEAN but also smaller project with large pumps like $LAI $PAAL $PHB $AGI
- The 3rd main rotation was into gaming coins : $GALA $YGG $PIXEL $SLP $WILD $MAVIA $GF
- A few alt L1s performed well : $NEAR (the AI L1), $FTM (Sonic upgrade catalyst ?), $CRO (retail coming back ?), $SOL
- DeFi revival thanks to Ethena high yields ? $RUNE and $MKR pumped this week.
- Memecoins have been the best performers : $PEPE $FLOKI $SHIB $WIF $BONK $DOGE $MYRO
- AI coins ran hard with the Nvidia GTC conference catalyst : $FET $RNDR $AGIX $NEAR $OCEAN but also smaller project with large pumps like $LAI $PAAL $PHB $AGI
- The 3rd main rotation was into gaming coins : $GALA $YGG $PIXEL $SLP $WILD $MAVIA $GF
- A few alt L1s performed well : $NEAR (the AI L1), $FTM (Sonic upgrade catalyst ?), $CRO (retail coming back ?), $SOL
- DeFi revival thanks to Ethena high yields ? $RUNE and $MKR pumped this week.
Market overview on March 12
📌 24-hour price movements:
- BTC sets a new all-time ATH, officially surpassing the price of $72k8.
- The entire market is in green, some altcoins also have new peaks.
-
- More than $80 million was withdrawn from exchanges in the last 24 hours.
📌 Strongest increase/decrease:
- $TON (+24.8%)
- $FLOW (+19.6%)
- $LTC (+19.0%)
📌 Outstanding cash flows on Binance:
- Layer 2: $METIS, $CELO...
- Layer 1: $AVAX, $FLOW ...
- Polkadot Ecosystem: $REEF, $GLMR
📌 24-hour price movements:
- BTC sets a new all-time ATH, officially surpassing the price of $72k8.
- The entire market is in green, some altcoins also have new peaks.
-
- More than $80 million was withdrawn from exchanges in the last 24 hours.
📌 Strongest increase/decrease:
- $TON (+24.8%)
- $FLOW (+19.6%)
- $LTC (+19.0%)
📌 Outstanding cash flows on Binance:
- Layer 2: $METIS, $CELO...
- Layer 1: $AVAX, $FLOW ...
- Polkadot Ecosystem: $REEF, $GLMR
iCryptoAI data reveals that a trader achieved a remarkable 8-week gain of $8.13M (+431%) on $PEPE . Four hours ago, the trader sent 196.18B $PEPE ($1.7M) to Binance in the hopes of making a profit, and they still have 1T $PEPE ($8.31M) remaining. Before the price of $PEPE rose, they withdrew 1.19T ($1.88M) from Binance.
A whale withdrew 13.4 million $FET , or $36.88 million, from GateIo and KuCoin in the last five days, according to iCryptoAI. About $12 million is the unrealized profit at this address. At the time of writing, FET was trading at $2.66 on CoinMarketCap, representing a growth of 50.39 percent.
🔥 Summary of news in the past 24 hours:
➡️#BTC is approaching 69K, in the last 24 hours, up to $105M of short orders were liquidated.
➡️ Tether printed an additional $2 billion USDT within 1 week, pushing stablecoin capitalization to reach $100 billion for the first time in history.
➡️ SEC delays decision on BlackRock's Ethereum Spot ETF proposal and solicits public feedback - This is normal and expected.
➡️ MicroStrategy will issue $600M in bonds to collect more Bitcoin.
➡️ The US S&P 500 Index just touched 5150 points for the first time in history.
➡️ Fear & Greed index reached 90 for the first time since February 2021, this shows that the market is in a state of extreme excitement and greed.
➡️#BTC is approaching 69K, in the last 24 hours, up to $105M of short orders were liquidated.
➡️ Tether printed an additional $2 billion USDT within 1 week, pushing stablecoin capitalization to reach $100 billion for the first time in history.
➡️ SEC delays decision on BlackRock's Ethereum Spot ETF proposal and solicits public feedback - This is normal and expected.
➡️ MicroStrategy will issue $600M in bonds to collect more Bitcoin.
➡️ The US S&P 500 Index just touched 5150 points for the first time in history.
➡️ Fear & Greed index reached 90 for the first time since February 2021, this shows that the market is in a state of extreme excitement and greed.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
PensionCryptoShift
997,364 views
856 Posts
UK Pension Fund Makes Direct Investment in Bitcoin
Binance News
11 Likes
19k views
USElections2024Countdown
8.4M views
4,896 Posts
ElectionNightBTCGuess
673,903 views
485 Posts
