⚡️ Market July 7
📊 Market Statistics:
- Market capitalization: $956.5 billion
- Volume in 24 hours: $79.8 billion
- Greed and Fear Statistics: 18
▫️ BTC has been rising steadily since yesterday and is reaching the $20.5-20.7k resistance area. This rally has vaporized $97 million from over 27,000 traders, 70% of which are short orders.
📊 Market Statistics:
- Market capitalization: $956.5 billion
- Volume in 24 hours: $79.8 billion
- Greed and Fear Statistics: 18
▫️ BTC has been rising steadily since yesterday and is reaching the $20.5-20.7k resistance area. This rally has vaporized $97 million from over 27,000 traders, 70% of which are short orders.
⚡️ Market July 8, 2022.
▫️ BTC returned to the $22,000 mark, pulling the market up slightly. July BTC looks better than the previous worst month in BTC trading history.
📊 Market Statistics:
- Total market capitalization: $1,023 billion (up 5.3%).
- 24-hour volume: $79 billion
- Liquidated assets volume: $217 million (24 hours), with more than 53 thousand traders, short rate was 83% (according to Coinglass)
- Characteristics of Greed and Fear increased to 20 Extreme Fear.
▫️ BTC returned to the $22,000 mark, pulling the market up slightly. July BTC looks better than the previous worst month in BTC trading history.
📊 Market Statistics:
- Total market capitalization: $1,023 billion (up 5.3%).
- 24-hour volume: $79 billion
- Liquidated assets volume: $217 million (24 hours), with more than 53 thousand traders, short rate was 83% (according to Coinglass)
- Characteristics of Greed and Fear increased to 20 Extreme Fear.
⚡️ DeFi lender Aave plans to launch a stablecoin
▫️ The Aave Project has revealed plans to launch a U.S. dollar-linked stabelcoin called GHO. GHO will be backed by several crypto-assets, that borrowers will place on the platform as collateral, according to a proposal from Aave Companies, Aave's developer company.
▫️ The Aave Project has revealed plans to launch a U.S. dollar-linked stabelcoin called GHO. GHO will be backed by several crypto-assets, that borrowers will place on the platform as collateral, according to a proposal from Aave Companies, Aave's developer company.
⚡️ Santiment
▫️ Bitcoin social sentiment shows an unprecedented level of optimism this week as we approach the second half of July and the next Fed decision. The ideal situation would be for the skeptical crowd to remain skeptical as prices rise with little resistance.
▫️ Ethereum's commission fell to an average of $0.88 per transaction, due to a 75% drop in prices from November's AllTimeHigh and a sharp decline in utility as a result. In July 2020, we last saw the average ETH commission below the $0.90 threshold.
▫️ Bitcoin social sentiment shows an unprecedented level of optimism this week as we approach the second half of July and the next Fed decision. The ideal situation would be for the skeptical crowd to remain skeptical as prices rise with little resistance.
▫️ Ethereum's commission fell to an average of $0.88 per transaction, due to a 75% drop in prices from November's AllTimeHigh and a sharp decline in utility as a result. In July 2020, we last saw the average ETH commission below the $0.90 threshold.
⚡️ Glassnode
▫️ Bitcoin was rejected at the $21k resistance level, but decisive price action shifted support up to $19k.
▪️ The long-term and short-term supply of holders in losses and gains indicated a rebound in hoarding and saving behavior.
▫️ Bitcoin was rejected at the $21k resistance level, but decisive price action shifted support up to $19k.
▪️ The long-term and short-term supply of holders in losses and gains indicated a rebound in hoarding and saving behavior.
⚡️ Glassnode
▫️ Bitcoin's intraday volatility suggests that investors and price action are receptive to incoming data and the Fed's response.
▪️Peak retail sales hinted at a slowdown in economic growth as consumer confidence declined.
▫️ Bitcoin's intraday volatility suggests that investors and price action are receptive to incoming data and the Fed's response.
▪️Peak retail sales hinted at a slowdown in economic growth as consumer confidence declined.
The price Bitcoin, Ethereum can reach in 7 days
▫️ The probability of BTC staying above $14k is 99%. And the probability of closing above $26k is 2%
▫️ The probability of ETH staying above $800 is 98%. But the probability of closing above $1600 is only 2%.
▫️ The probability of BTC staying above $14k is 99%. And the probability of closing above $26k is 2%
▫️ The probability of ETH staying above $800 is 98%. But the probability of closing above $1600 is only 2%.