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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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Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings,
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U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies. Source
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The key to gaining financial security and independence is to invest in passive income. Passive income is generated through investments that offer a consistent source of income with little continuing involvement, in contrast to active income, which necessitates constant effort and time. Passive income is especially valuable because it enables
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Structured products in traditional finance typically combine several products, such as stocks or bonds, into a single package. Should their use in crypto grow, they could be seen as evidence of the growing sophistication of the industry and its increasing ability to attract mainstream investors. Source
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