26th July 💯 Crypto Price predictions are 100% right, 50% of the time! ⚡ Crypto market cap down to $952.04B ⚡ Stablecoins account for 93.48% of trading volume
👀 Critical for the stock market, Inflation & the cryptocurrency world as this week Apple, Amazon, and Meta will share their earnings report and The Wall Street Journal article states companies from The Coca-Cola Company to McDonald’s will share insights on #inflation, #supplychain and consumers. Info here https://on.wsj.com/3zzjyDz The official filings are available on the website. Last week Buy the rumour, Sell the news has strongly impacted the price of cryptocurrencies.
🚨 The global crypto market is down to $952.04B. Over 600M has been wiped off in 7days. The volume of stablecoins is over 93.48%, which is worrisome. Check out slide no 2 for a snapshot of the crypto market & check out our podcast Crypto & Coffee at 8 to get a detailed analysis Podcast available here
Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
📊 Some Technical Stuff
Glassnode’s weekly inside Conviction through confluence discusses HODlers supply concentrations, Rebounding Off An Over-extension & The Mayer Multiple. If you are into technical graphs definitely worth go through this in detail. Info here https://bit.ly/3PBPRY3
CoinShares weekly blog on Medium states Bitcoin saw inflows totalling US$19m last week & Ethereum saw inflows totalling US$8m. Digital asset investment products saw inflows totalling US$27m last week mostly from Switzerland totalling US$16m. Loads of useful information here https://bit.ly/3BgBNi3 Could this mean signs of a bullish market? Maybe just a temporary pump. It would be interesting to see the price movement when the Ethereum merge date gets closer.
🤩 Finance Magnates has reported that a Bitcoin Millionaire has moved14,000 BTC to an unknown wallet. This is generally a good indication which means #HODL culture is alive & well. The article also talks about separate transfers, someone moved 3,374 BTC from Coinbase on 24 July https://bit.ly/3otPse9. News originally released by Whale Alert & due to the nature of Bitcoin’s open blockchain we can verify the transactions here https://bit.ly/3zxoMQc
😯 Not Your Keys, Not Your Crypto Do you buy cryptocurrencies from exchanges? Since 2014, roughly 42% of failed crypto exchanges have disappeared without a trace for no apparent reason Bitcoin.com has an in-depth article on this here https://bit.ly/3PAbSq9 CoinJournal’s report also notes that it is expected that the year will see a 55% fall in overall crypto exchange failures.
UAE news: (Check slides)
For slides:https://bit.ly/3JlQnXX
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
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