State of the market : Warfare between the BULLS and the BEARS
Cointelegram
For some time now there has been lots of uncertainty surrounding the cryptocurrency market as the bulls are strongly to take control of both the financial market and the cryptocurrency market with government around the are world bring pivot to the next direction of the market, a lot of traders including myself are tired of the recent volatility in the market space as only few (Market Markers) knows the actual direction of the market the rest of us are just speculators looking at charts and hoping the market falls in line with our theory of where the price of bitcoin is heading too.
Digital asset investment products saw first week of outflows in the week ending Mar. 11, ending a 7-week streak of inflows, which denotes that the market is about too rally too the upside as long term holders are accumulating more, a report by CoinShares showed on Monday.
Outflows totalled $110 million last week, with North America comprising $80 million. CoinShares said the outflows began at the start of last week, suggesting they were a response to the Biden administration's executive order to study digital assets more deeply.
Binance News
The global market continues to rally but it seems as if the bears are gradually taking over as bitcoin couldn't break the resistance at $42600 as the bears keeps selling off dropping the price, this could be as a change in the market sentiment as this might have been affected by the decision that Binance might take to leave Ontario. There has been a dispute between the mentioned exchange and Ontario Securities Commission. The result of this dispute might be the exchange leaving Ontario, though there is no final news whether it would happen. The conflict started back in June 2021 and has continued since then, and the ultimate result is in the form of it leaving Ontario.
Tradingview
The data for the last 24 hours shows that Bitcoin has gained 0.62% over the last 24 hours. While in comparison, the gains for the last seven days are about 7.12%. The graph for Bitcoin shows that it has continued to rise in value. The new gains have taken its further price high, currently in the $41,880.52 range
The current market cap value of Bitcoin is estimated to be $796,920,027,931. While the 24-hour trading volume of Bitcoin is about $20,227,338,022. The same amount in the native currency of the Bitcoin blockchain is 481,960 BTC. At this stage anything could happen as ee awair tge close of the weekly candle.
What is Hive-Engine?
Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.
What is Hive.vote
Hive.vote comes with the automation world of hive with AI, HiveVote comes with amazing features: you can schedule posts, build a fanbase, follow a curation trail, and even automate claiming your payouts.
Join our curation Trail Airhawk-project for awesome curation reward
Posted Using LeoFinance Beta