#UST, a stable coin which is supposed to be backed by enough assets to make it a Stable coin, fixed at 1 Dollar, is now trading at 40 Cents.
Watch and learn what happened to Cults in Crypto.
📌Bitcoin Held By Fund
👉During the recent retracement, #bitcoin held by funds has decreased by 10,000 #BTC, unprecedented since April 2021. This can not always be considered a #bearish signal, but their behaviour should be monitored because they hold about 851,000 BTC.
@Sebscryptopath It really depends on the interest rates, + Microsoft and Apple quarterly reports (coming this week).
There's a two-day meeting for interest rates, it's expected to be out on Wednesday
#Bitcoin Miner revenue from fees actually sitting at 1.08%
This is an indicator that retail is not in yet... Although price is really similar to early 2021
When retail?
The guy sitting next to me on the train just told me he has a PhD in Economics. I asked him what he thought about #Bitcoin and he said “Its not interesting and will probably fail.”
Early AF.