Bitcoin is down 15% from its August highs, trading below the $22K mark. The market celebrated a much-needed relief rally, altcoins reacted well to the merge & rejoiced in double-digit movements (to the upside), and for a moment, we all thought the good old days were back (finally). But are they? Onchain data suggest something extraordinary!The Final TestPaper Hands Traders And Open InterestThe Market Trend Game Plan - Let’s Not Quit NowThe Final Test AwaitsIn the previous editions of the week...

Bitcoin is down 15% from its August highs, trading below the $22K mark. The market celebrated a much-needed relief rally, altcoins reacted well to the merge & rejoiced in double-digit movements (to the upside), and for a moment, we all thought the good old days were back (finally). But are they? Onchain data suggest something extraordinary!The Final TestPaper Hands Traders And Open InterestThe Market Trend Game Plan - Let’s Not Quit NowThe Final Test AwaitsIn the previous editions of the week...

Finally, Bitcoin has reclaimed the 24k level. We all survived some of the most uncertain times in crypto history, one of the most violent dips in altcoins, and still, we stand! The market has taught us many lessons in the last five months too. Now, with a reinforced optimism, let us look at the buying power left in the system, the stablecoins.Stablecoins, A Lot Of ItIn crypto, there was no single market influencer other than Bitcoin and probably Ethereum. While the market went to hibernation ...

Finally, Bitcoin has reclaimed the 24k level. We all survived some of the most uncertain times in crypto history, one of the most violent dips in altcoins, and still, we stand! The market has taught us many lessons in the last five months too. Now, with a reinforced optimism, let us look at the buying power left in the system, the stablecoins.Stablecoins, A Lot Of ItIn crypto, there was no single market influencer other than Bitcoin and probably Ethereum. While the market went to hibernation ...

Cryptocurrencies and other virtual digital assets did not enjoy the trust of governments since their inception. Though the relationship was spoiled a couple of times with the SEC-Ripple battle, and the proposed 'security branding' of other assets, the story has taken a crucial hop. In a short press release, the department of the Treasury (Office of Foreign Assets Control - OFAC) has sanctioned Tornado cash!So, What Is Tornado Cash?Tornado cash is a crypto anonymity enabling service....

Cryptocurrencies and other virtual digital assets did not enjoy the trust of governments since their inception. Though the relationship was spoiled a couple of times with the SEC-Ripple battle, and the proposed 'security branding' of other assets, the story has taken a crucial hop. In a short press release, the department of the Treasury (Office of Foreign Assets Control - OFAC) has sanctioned Tornado cash!So, What Is Tornado Cash?Tornado cash is a crypto anonymity enabling service....

Weekly Market OutlookNFT volume remains low on OpenSea. Blue chips, art projects and some degen-free mints amount to maximum volume. Despite the macro conditions, crypto is holding relatively well so far. Although the volume is significantly lower than January highs, August seems more stable than previous months. July also saw a slight uptick in market cap growth, essential for the space.source : nftgoUser activity did not drop below 20k in June, but at the same time, it struggled to break be...

Weekly Market OutlookNFT volume remains low on OpenSea. Blue chips, art projects and some degen-free mints amount to maximum volume. Despite the macro conditions, crypto is holding relatively well so far. Although the volume is significantly lower than January highs, August seems more stable than previous months. July also saw a slight uptick in market cap growth, essential for the space.source : nftgoUser activity did not drop below 20k in June, but at the same time, it struggled to break be...

After a few days of green shoots, Bitcoin is slowly retracing to its range low. But did Bitcoin hit the bear market bottom already? An on-chain indicator says so. Net Unrealized Profit shows some variations in the movement that historically has pointed to a local bottom. Market forces are back to normal levels. When the bullish momentum and the bearish activity fade together, we get confirmations of organic price discovery. The market may have been slow this week, but conditions are heating u...

After a few days of green shoots, Bitcoin is slowly retracing to its range low. But did Bitcoin hit the bear market bottom already? An on-chain indicator says so. Net Unrealized Profit shows some variations in the movement that historically has pointed to a local bottom. Market forces are back to normal levels. When the bullish momentum and the bearish activity fade together, we get confirmations of organic price discovery. The market may have been slow this week, but conditions are heating u...

Weekly Market OutlookWe have entered a whole new market led by Ethereum and Solana. Both have gained throughout the week, thanks to the merge date announcement. Also, the macroeconomic conditions were instrumental in deciding the price action. CPI numbers invoked a positive reaction, and the NFT market has considerable volume now. Although the numbers were encouraging, they are still remarkably high. Given all the positive sentiment, surprisingly, we are not seeing the surge of volume that us...

Weekly Market OutlookWe have entered a whole new market led by Ethereum and Solana. Both have gained throughout the week, thanks to the merge date announcement. Also, the macroeconomic conditions were instrumental in deciding the price action. CPI numbers invoked a positive reaction, and the NFT market has considerable volume now. Although the numbers were encouraging, they are still remarkably high. Given all the positive sentiment, surprisingly, we are not seeing the surge of volume that us...

Monthly NFT volume is down 3.13%, and market cap slips another 4.59%. It might sound terrible for many, yet we often forget the NFT market cap is up 950% in a year! That means even in the worst of times, the NFT space can be unreal and uncorrelated. It is not necessarily true for Bitcoin and Altcoins. Why? Because the valuation is not derived from inherent value. Please do not feel confused. Let me explain. We invest in Bitcoin because of its appeal as a quality asset that has high liquidity,...

Monthly NFT volume is down 3.13%, and market cap slips another 4.59%. It might sound terrible for many, yet we often forget the NFT market cap is up 950% in a year! That means even in the worst of times, the NFT space can be unreal and uncorrelated. It is not necessarily true for Bitcoin and Altcoins. Why? Because the valuation is not derived from inherent value. Please do not feel confused. Let me explain. We invest in Bitcoin because of its appeal as a quality asset that has high liquidity,...

The pro-climate intellectuals often criticize Bitcoin for its significant energy demands. Also, there is a widespread belief that the energy source used to mine Bitcoin is not renewable. It is no surprise that ordinary people fall for this propaganda pretty comfortably. But does crypto pose a challenge to the global energy infrastructure? Or are we slow to fathom the idea of galactic species? Let me clarify something beforehand. Through this article, I am not trying to validate bitcoin becaus...

The pro-climate intellectuals often criticize Bitcoin for its significant energy demands. Also, there is a widespread belief that the energy source used to mine Bitcoin is not renewable. It is no surprise that ordinary people fall for this propaganda pretty comfortably. But does crypto pose a challenge to the global energy infrastructure? Or are we slow to fathom the idea of galactic species? Let me clarify something beforehand. Through this article, I am not trying to validate bitcoin becaus...