Ben Lakoff, CFA’s Post

“External pressure in China is likely the biggest driver to the sell-offs,” said Christopher Martin, head of research at Amberdata. “Asia plays a huge role in crypto, especially with Hong Kong and Singapore opening the door, but with a wider economic downturn I don’t think we’ll see the bull market play out like we hoped or expected." “As for bitcoin and ether, they tend to act more as a store of value compared to other cryptocurrencies but they’ve also suffered from a significant drop – 11.5% and 9.8%, respectively since the last 7 days – so they’re completely immune,” he added. “In general, altcoin swings are more prominent and I think as more institutions onboard – through spot ETFs, spot investments, derivatives – we should see these tokens’ volatility subside a bit more.” Latest piece from Tanaya Macheel for CNBC. https://lnkd.in/g5Jb8m6P

Crypto Market Analysis Q3 2023 By CoinMarketCap - TOTAL CRYPTO MARKET CAP - CMC CRYPTO FEAR AND GREED INDEX - LIQUIDITY AND TRADE VOLUME - GROWING SECTORS - BITCOIN AND ETHEREUM KEY EVENTS - UNDERSTANDING CRYPTO THROUGH CMC - KEY THEMES IN Q3 2023 - CRYPTO USERS AROUND THE WORLD https://lnkd.in/egsDX-xX

Top Meme Coins Crash as Crypto Markets Decline The memecoin market has taken a tumble, leaving investors and enthusiasts bewildered. Here are three key reasons behind the recent crash: 1. Pre-Halving Correction Fractal The decline in top joke cryptocurrencies like Dogecoin (DOGE), Dogwifhat (WIF), and Pepe (PEPE) mirrors a pre-halving dump seen across the crypto market. Just as Bitcoin (BTC) and Ether (ETH) pulled back from their yearly highs ahead of the Bitcoin Halving 2024, memecoins followed suit. Steno Research suggests that Bitcoin may experience a pattern similar to its 2016 halving, leading to a “sell-the-news” sentiment that impacts memecoin valuations. 2. Memecoin Trading Volumes Plummet Weekly trading volumes for memecoins have dropped significantly. Across all blockchains, including Ethereum and Solana, memecoin transaction flows have collectively fallen by 88% from their recent peak of approximately $1 billion. This decline indicates waning interest and confidence in the sector. 3. Solana Outage and DEX Volume Shift Solana, a popular blockchain for retail users and memecoin traders, experienced a significant outage. Roughly 75% of transactions on the network failed during March and early April, impacting memecoin activity. While Solana’s decentralized exchange (DEX) volume initially surged, it has recently trended downward. Remember, the crypto market is volatile, and memecoins can be especially unpredictable. Stay informed and invest wisely! 🚀📉💎

With Bitcoin hovering around $62,000 three days before the halving, analysts are offering mixed predictions. Some are bullish, expecting a surge to $100,000 by year's end, while others believe the current bull run is nearing its peak. To help you navigate these conflicting outlooks, AMBCrypto has compiled a report summarizing the crypto market's performance in March 2024 and offering insights on what to expect post-halving. You can find the download link of the report towards the end of the article. #Bitcoin #BTC #BTChalving #Crypto https://lnkd.in/gFhC_Dyx

Bitcoin ETF flows positive again, desk data shows heavier than usual off-ramp activity, pick up in volatility expected as Bitcoin halving approaches and more; here is our Weekly Crypto Market Wrap 📨 https://lnkd.in/dap23V2W #crypto #bitcoin #etf #halving #trading

Top Meme Coins Crash as Crypto Markets Decline The memecoin market has taken a tumble, leaving investors and enthusiasts bewildered. Here are three key reasons behind the recent crash: 1. Pre-Halving Correction Fractal The decline in top joke cryptocurrencies like Dogecoin (DOGE), Dogwifhat (WIF), and Pepe (PEPE) mirrors a pre-halving dump seen across the crypto market. Just as Bitcoin (BTC) and Ether (ETH) pulled back from their yearly highs ahead of the Bitcoin Halving 2024, memecoins followed suit. Steno Research suggests that Bitcoin may experience a pattern similar to its 2016 halving, leading to a “sell-the-news” sentiment that impacts memecoin valuations. 2. Memecoin Trading Volumes Plummet Weekly trading volumes for memecoins have dropped significantly. Across all blockchains, including Ethereum and Solana, memecoin transaction flows have collectively fallen by 88% from their recent peak of approximately $1 billion. This decline indicates waning interest and confidence in the sector. 3. Solana Outage and DEX Volume Shift Solana, a popular blockchain for retail users and memecoin traders, experienced a significant outage. Roughly 75% of transactions on the network failed during March and early April, impacting memecoin activity. While Solana’s decentralized exchange (DEX) volume initially surged, it has recently trended downward. Remember, the crypto market is volatile, and memecoins can be especially unpredictable. Stay informed and invest wisely! 🚀📉💎

Your Monday market news and Indices performance 👇 Last week revealed contrasting performances in various crypto indices, with legal issues affecting certain key players. However, the market's optimism around regulatory advancements suggests a positive outlook for the broader crypto landscape, potentially paving the way for significant developments like a Bitcoin ETF approval. We saw a mixed bag in crypto performance. The Trakx Crypto Top 10 CTI held steady, while the Lending CTI and Top 10 Defi CTI soared. BNB's plunge was a result of the US charging Binance with multiple violations, leading to hefty fines and CZ stepping down as CEO, facing potential imprisonment. Additionally, another former crypto figure, Do Kwon of Terraform Labs, faced extradition for issues related to Terra's collapse, which impacted the crypto market last year. ➡️ Trakx Top 10 Crypto: -0.4% ➡️ Best performing index: Top 10 DeFi (+5%) Market Trends 📰: 🔺 CZ steps down as Binance’s CEO 🔺 Bitcoin Sender Struck With $3.1M Transaction Fee, the largest in History! 🔺 Uniswap X volume crosses $1 billion

Bullish Momentum: 10 Insights into the Crypto Market Rally  https://rb.gy/wm5b29 Unlock the secrets behind the rising crypto market! Find 10 key insights from bitcoin dominance to institutional takeovers as you navigate the current bullish momentum. Navigate the wave of regulatory change, assess market sentiment, and stay ahead in this dynamic crypto landscape. Your essential guide to making informed and strategic decisions in the world of cryptocurrencies. #CryptoInsights #BullishMomentum #BitcoinDominance #InstitutionalAdoption #RegulatoryDevelopments #IW #IWNews #IndustryWired

The Crypto Green Shoots are out, and Spring is on the way. Bitcoin is up 27.6% this month and 116% over the past 12 months. Very good!   Tip - let us not be mesmerised by the “digital gold” token at the expense of the crypto asset class. As people love predictions, I will give one. I expect the market in the top alt tokens (ex-BTC and ETH) to rise over 100% by November 1, 2024, AND outpace BTC and ETH. Why? Let’s look at the numbers. Major tokens like Solana although up 62% over the past month are down 87% from the all-time high. For SOL to rise 100% it would need to be at $66. This would still leave it 75% off its all-time high. Many major Altcoins have seen drops in price (I continue to argue not value) of 80% to 90% since their ATHs. Most are still well funded, have a market presence, and continue to develop the tech of their offerings. If down 90% and they double in price, then they are still down 80% from their ATHs. This makes little sense as most of them have operated flawlessly during the massive price and trading volume collapse of 2022/2023 leaving them battle hard for the coming of the inevitable uptake of digital solutions. Existing and new unimaginable offerings will power the upcoming digital asset class bull run and so it is important to realise that the revolution is not Bitcoin it is the Distributed Ledge Technology (blockchain), Smart Contracts, and Web 3.0 solutions in place now and to come where the biggest upsides exist. As investors’ eyes rise from the traditional listed tech sector towards BTC ETF the smart money is also positioning for this next bull run and the upside which should continue to rise well in my prediction period to October 2024. Of course, all investment disclaimers apply so invest with knowledge and with diversification in mind.

TL;DR - Bitcoin’s approach to $35,000 pushed the “BTC Fear and Greed Index” into “Greed” territory, reaching its highest since April 2023. - The index mainly indicated “Fear” in the latter half of 2022, but recent market positivity suggests a crypto market rebound. - High greed might signal a market correction, yet analysts remain optimistic about Bitcoin’s growth with favorable factors in play. # # # # #