4 days agoWeekly update: Crypto SnapshotOn-Chain Metrics Show Possible Bounce From Market Slowdown Despite the market pullback due to current fears of a higher-than-expected rate hike and the Silvergate news, the on-chain charts show a possible rebound as funding rate for BTC perpetual swaps remain neutral with no major liquidations in the futures market, which eliminates the possibility of a short squeeze. …5 min read5 min read
Mar 10Weekly update: Crypto SnapshotLiquid Staking Is The New Black In The DeFi Sector As the Ethereum network moves towards its deadline for the Shanghai upgrade, liquid staking protocols, which enable users to earn rewards for staking cryptocurrency while retaining the liquidity of the locked funds, beats lending protocols to become the second largest sector in terms of total value locked. …5 min read5 min read
Mar 3Weekly update: Crypto SnapshotBitcoin’s Current Outlook Shows Continued Positivity Amongst Investors — Current market metrics indicate that investors and traders are bullish on the price of Bitcoin in the near future, and the spate of regulatory actions has done little to dent the positive outlook. The chart of Bitcoin’s 2-month futures premium shows that the annualized premium rose to 6%, and that…5 min read5 min read
Feb 24Weekly update: Crypto SnapshotBitcoin’s Sudden Jump Above US$24,000 Surprises The Market The sudden jump in Bitcoin’s price to US$24,800 took the market by surprise in what is commonly a bearish month for cryptocurrencies. It seems the single-day surge in value is a combination of factors that have been impacting Bitcoin positively; this includes the release of CPI data that shows inflation…5 min read5 min read
Feb 20BIT’s January ’23 and December ’22 Roundup — It’s time to earn!In January, the cryptocurrency market experienced a significant surge after a lackluster year in 2022. The top-performing tokens this month were those that suffered the most losses last year. Aptos’ APT token, a Layer 1 blockchain, was the biggest winner with a surge of 387%, followed by gaming- and metaverse-related…4 min read4 min read
Feb 3Weekly update: Crypto SnapshotBulls Cautiously Optimistic About Bitcoin’s Price Movement Attempts to reclaim the US$25,000 mark for Bitcoin’s price have been made by bull traders with the closest hitting the US$24,498 in January. Nevertheless, the bullish sentiments in the market has seen continued optimism for Bitcoin’s price among traders. Meanwhile, Bitcoin’s gains jumped by 39.8% …5 min read5 min read
Jan 27Weekly update: Crypto Snapshot (27 Jan 2023)Diamond Hands Rule The Charts As Bitcoin HODLers Continue To Hold Despite Gains The price of Bitcoin (BTC) continues to hold steady at the $22,500 mark with BTC holders refusing to cash in their gains despite a 22.5% gain since last week. This trend falls in line with the positive mood among traders as other markets like the S&P 500 and Nasdaq saw…4 min read4 min read
Jan 20Weekly update: Crypto Snapshot (20 Jan 2023)Shanghai Upgrade Well On Track With Latest Testnet Developments The next upgrade on the Ethereum network is moving along well as the team behind its development released a new network called “devnet 2” to help client teams prepare for the network shift. The network is mainly developed to test and find bugs that could potentially affect the withdrawal of…4 min read4 min read
Jan 13Weekly update: Crypto Snapshot (13 Jan 2023)Ethereum Staking Protocols Will See A Boom Post-Shanghai After the Ethereum Merge in 2022, the next exciting upgrade on the network is the Shanghai upgrade that is anticipated to allow locked Ether to be withdrawn from the Beacon chain. …4 min read4 min read
Jan 6Weekly update: Crypto Snapshot (6 Jan 2023)Blockchain Comes To The Motor Industry With BMW’s Loyalty Program BMW Thailand has launched its loyalty program on the BNB Chain to take advantage of its low cost and fast transaction speed while providing ease of use for its customers. …4 min read4 min read
