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The Dollar Strength Index (DXY) achieved its highest level in nearly 10 months on Sep. 22, indicating growing confidence in the U.S. dollar compared to other fiat currencies like the British pound, euro, Japanese yen, and Swiss franc.DXY "golden cross" confirMoreover, investors are concerned that this surge in demand for
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India, Nigeria and Thailand are ranked as the top three countries in Chainalysis’ “2023 Global Crypto Adoption Index,” with lower middle-income (LMI) nations leading the way in the grassroots adoption of cryptocurrencies.The blockchain analytics firm released an excerpt from the report showing that central and south Asia and the wider Oceania
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India, Nigeria and Thailand are ranked as the three top countries in Chainalysis’ 2023 Global Crypto Adoption Index, with lower middle income nations leading the way in grassroots adoption of cryptocurrencies.The blockchain analytics firm released an excerpt to its annual Index report which shows that central and south Asia and the
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A death cross indicates a potential long-term bearish shift in momentum while a golden cross suggests the opposite. Source
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Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.The CBECI was launched in July 2019 in an effort to provide reliable data-driven insights to questions
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"Bitcoin closed the [last] week with a notable drop below its 200-week and 200-day moving averages, signaling a shift to a bearish trend. From current levels near $26,000, the following area of decline appears to be the last pivot area at $24,700," Kuptsikevich said in an email. Source
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"Index appears to have bottomed out as the daily signal (grey) is projecting upside pressure. After four weeks of consolidation, this indicator is tactically bullish and Bitcoin prices could resume the uptrend," Markus Thielen, head of research and strategy at Matrixport, said in a note to clients on Thursday. Source
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CoinGecko launched a new index tracking the biggest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission (SEC). The ‘Top Alleged Securities Coins’ page sorts the selection of crypto assets by market capitalization, placing Binance Coin (BNB) at the top of the list — followed by
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A few more Fed rate hikes are likely, but "the hardest work is done," one expert said. Source
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Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future. On July 24, crypto derivatives analytics platform Greeks Live noted
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