Insights
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FOMC Verdict: Rates raised by 25bps, FOMC dot plot remains unchanged, Bitcoin stays at $28,500
Quick Take The Federal Reserve raised the federal funds rate by 25bps. This took the federal funds rate to 4.75…
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Bitcoin is now above the realized price of every year other than 2021
Definition We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate…
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Bitcoin, DXY suffer the most following FOMC meeting
Quick Take BTC is down 4% since the Federal Reserve raised interest rates by 25bps DXY is now trading at…
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Third biggest outflow of Bitcoin from exchanges this year – driven by whales
Quick Take Yesterday was volatile for Bitcoin — hitting $26,500 and $28,600 in one day. The federal reserve raised 25bps,…
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USDT dominance exceeds 60% – fundamentals for stablecoins declining at rapid rates
Quick Take USDT dominance exceeds 60% for the first time since June 2021. The other top four stablecoins have all…
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Bitcoin, mempool explodes; not Ordinals driven
Quick Take The mempool is approaching 1 gigabyte, which is a crazy feat. Currently, transactions below five sat/vbyte will be…
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Bitcoin liquidity situation worsening; volatility expected to be enhanced
Quick Take Order book depth continues to make new lows for Bitcoin; these are now 10-month lows, according to Kaiko.…
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A third consecutive positive adjustment for Bitcoin, hash rate hits all-time high
Quick Take Bitcoin difficulty adjusted positively last night with a whopping 7% increase. This is now the third positive adjustment…
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Resistance at roughly $28.6k could last a while as long-term holders take profits
Quick Take Long-term holders are defined as holding Bitcoin for six months or longer. This cohort is spending at a…
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Ripple effects, contagion, counterparty risk as banks and crypto stocks slide
Quick Take Deutsche Bank AG (DB) is currently 15% down in share price — lower than 8 EUR. While DB…
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