The gaming industry is one of the fastest-growing industries in the world. It has taken over the entertainment industry and is now worth billions of dollars every year. There are many types of gaming tokens available in the market. These…
On-Chain/Derivatives Update Another exciting week as always for Bitcoin. After breaking below 40k support, BTC now faces 40k as a heavy resistance level. Below support remains 30k across several timeframes, but the area seems to have been front-run for now.…
Follow us on Google News DeFi or Decentralised Finance had performed superbly well in 2020-21. Moreover, they sort of had their own bull run or the DeFi Summer, where we saw new all-time-highs created and broken. Further, the era of…
So, is it the end? Are we finally into the bear market? Almost all cryptos saw new all-time highs in 2021, but now, things have taken a turn. Bitcoin is down by >50% from its all-time high, and many other…
This week Bitcoin’s correlation to the Nasdaq reached an all-time high. With no catalyst to cause idiosyncratic flows to Bitcoin, it is trading in tandem with risk-off behaviour from equities with a high beta. For no catalyst to trigger idiosyncratic flows,…
Follow us on Google News Key Takeaways: Earlier today, Rune informed people through a Thread that Maker is about to market dump $600 million worth of ETH. The 7 siblings dutch auction is over and all 65 million worth of…
Derivatives/ On-Chain Analytics Update From a price structure standpoint, Bitcoin bounced off the macro support level we talked about last week of $40K. Open interest is still high and in the area of which we have seen major squeezes/flushes take place. …
The overweighing factor for the crypto market and all risk-on assets is the fear of monetary tightening and the effect that it will have on markets. This is the trade-off of Bitcoin becoming an institutionalized asset – we will see it…
Interest in DeFi keeps Rising The total value locked in Defi products(blue) has been steadily increased since the beginning of March 2020. This makes sense intuitively since the ETH price(black) has increased throughout this period. Likewise, TVL has mirrored the price…
Bitcoin opened up with $29,000 and closed around $48,000. This is an annual increase of 65.5%. It has reached two significant peaks. The first was reached at 64 895 on April 14. The second was reached at 69 000 on…
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