Analyzing #bitcoin 's monthly returns since 2010, October's

--・62 views

Analyzing #bitcoin 's monthly returns since 2010, October's track record stands out: 9 green closes vs. 4 red. This October, the probabilities are 70% green and 30% red. Anticipate a similar altcoin trend due to #BTC's strong correlation.

Analyzing #bitcoin 's monthly returns since 2010, October's track record stands out: 9 green closes vs. 4 red. This October, the probabilities are 70% green and 30% red. Anticipate a similar altcoin trend due to #BTC's strong correlation.

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.

استكشف أحدث أخبار العملات الرقمية

⚡️ كُن جزءًا من أحدث النقاشات في مجال العملات الرقمية

💬 تفاعل مع مُنشِئي المُحتوى المُفضّلين لديك

👍 استمتع بالمحتوى الذي يثير اهتمامك

البريد الإلكتروني / رقم الهاتف

مُنشِئ مُحتوى ذو صلة

LIVE

Lab4crypto

@Lab4crypto

استكشف المزيد من مُنشِئ المُحتوى

Happy Bitcoin Pizza Day 🎉

Altcoin growth occurs because Bitcoin allows it. "The Bitcoin effect explained" Bitcoin's dominance (around 50%) in the cryptocurrency market is undeniable. While many altcoins emerge with inflated valuations and fleeting popularity, Bitcoin exhibits a sustained, power-law-driven growth pattern (we know that thanks to Giovanni). This raises the question: What trajectory does the total crypto market cap (Bitcoin & Altcoins) follow? I wanted to test if the performance of altcoins changes the already-established trend that Bitcoin exhibits in the market, positively or negatively. By analysing the total crypto market cap data from the inception of the first cryptocurrency (BTC) until today, we see that it also follows a power law (power of 6.83). This indicates that the TMC is growing faster than BTC, and that, in my opinion, is because the total crypto market is standing on the shoulder of a giant "Bitcoin." I changed the quote of Isaac Newton a bit. I just tested that, so more research is needed on Bitcoin's effect on the TMC. I get the feeling, though, that the gains we see on the altcoin market are due to the fact that we are sitting on Bitcoin's trend, and "good" and "bad" projects are benefiting from it. At least for now, it seems a net positive

Currently, 91.36% of Bitcoin and 91.22% of Ethereum supply is in profit. High-profit levels usually lead to increased selling pressure as investors look to cash in gains. However, despite this, both cryptocurrencies have remained relatively stable over the past month, especially Bitcoin. This stability suggests that holders are not keen to sell at current prices. $BTC $ETH

📉Trading volume nosedives by 55.80% since its peak on March 3, 2024, signalling a significant downturn in activity and market interest. As summer approaches, brace for a prolonged 'quiet period' ahead.

📉Despite a dip in people's interest levels, resembling 2022 lows, the total crypto market cap is just 13.4% below its fair value. 💎With Quantitative Easing on the horizon for 2025, the future looks bright! Projection hints at least a $9.44 trillion crypto market cap (+1SD).

آخر الأخبار

CGLPhone, A Hardware Device Based On Polygon Network, Set To Revolutionize Gaming Industry

Cryptocurrency Sector Suffers Significant Increase in Hacker Attacks

Shiba Inu Sees Surge in Average Transaction Size, Indicating Increased Whale Activity

Crypto Apps Adoption Predicted to Surge in 2025, Warns Chris Burniske

Shibarium's Total Value Locked Sees Over 12% Increase

ba-one-trust-cookie