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The $45k Threshold: A Turning Point for Bitcoin's Medium-Term Investors
1. Significance of $45k:The $45k mark is pivotal for Bitcoin, representing the cost basis for investors who acquired Bitcoin 2 to 3 years ago.2. Investor Cohort Impact:This cohort, holding 16% of the #BTC Bitcoin supply, plays a significant role in the market dynamics.3. Realized Cap Impact:Investors at the $45k threshold represent 33% of the Realized Cap, underscoring their influence on the market.$BTC This convergence at $45k marks a crucial juncture for medium-term Bitcoin holders, shaping the narrative and potential future market trends.
ETH Updates
$ETH Staked Realized Price Breakout: The surge in Ethereum's value is attributed to a breakout in the realized price of staked ETH.2. Deflationary Phenomenon Intensifies: Etherem is experiencing an intensification of deflationary factors, contributing to its upward trajectory.3. Grayscale Ethereum Trust Premium Gap Narrowing: The narrowing gap in the premium of Grayscale Ethereum Trust adds to the overall positive sentiment, influencing the rise of $ETH .
1/🚨Big update in crypto from the Indian🇮🇳 parliament.
a) Existing AML & CFT guidelines now apply to foreign crypto exchanges serving the Indian market.
b) Registration process initiated for offshore Virtual Digital Asset (VDA) service providers, akin to foreign exchanges.
c) Major action will be taken against offshore exchanges if found non compliant.
a) Existing AML & CFT guidelines now apply to foreign crypto exchanges serving the Indian market.
b) Registration process initiated for offshore Virtual Digital Asset (VDA) service providers, akin to foreign exchanges.
c) Major action will be taken against offshore exchanges if found non compliant.
