⚡️ Market review for June 5
📊Market statistics.
- Market capitalization: $947.9 billion.
- Volume in 24 hours: $78.7 billion
- Greed and fear statistics: 19
▫️ BTC has been in a sideways trend in recent days + this morning the price of BTC broke through the $20K mark, making the market more optimistic.
▫️ A 5% increase in BTC's price increased market capitalization by $40 billion. The F&G Index returned to 19, its highest level in two months.
📊Market statistics.
- Market capitalization: $947.9 billion.
- Volume in 24 hours: $78.7 billion
- Greed and fear statistics: 19
▫️ BTC has been in a sideways trend in recent days + this morning the price of BTC broke through the $20K mark, making the market more optimistic.
▫️ A 5% increase in BTC's price increased market capitalization by $40 billion. The F&G Index returned to 19, its highest level in two months.
⚡️ Glassnode
▫️ The number of active addresses continues to decline as activity on the network drops along with the price.
▪️ Address activity is down 13% from over 1 million a day in November to just 870,000 a day today. This indicates little growth in new users and even problems with retention of existing users.
▫️ The number of active addresses continues to decline as activity on the network drops along with the price.
▪️ Address activity is down 13% from over 1 million a day in November to just 870,000 a day today. This indicates little growth in new users and even problems with retention of existing users.
⚡️ Market July 6, 2022
📊 Market Statistics
- Total market capitalization: $945 billion
- 24-hour volume: $85 billion
- Greed and fear index reached 18
- $165 million in liquidated assets with over 51,000 traders, equal long/short ratio (according to Coinglass)
▫️ Although BTC rose to $20,000, it is still generally in a downtrend. Market capitalization is down 1.2% in 24 hours
📊 Market Statistics
- Total market capitalization: $945 billion
- 24-hour volume: $85 billion
- Greed and fear index reached 18
- $165 million in liquidated assets with over 51,000 traders, equal long/short ratio (according to Coinglass)
▫️ Although BTC rose to $20,000, it is still generally in a downtrend. Market capitalization is down 1.2% in 24 hours
⚡️ 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.