News with the tag "MATIC-USD"

Summary Through both its POS and zkEVM blockchains, Polygon has exhibited declining usage measured by monthly DAAs and TVL. Since the end of the US Election, roughly $500 million in stablecoin supply has left the Polygon network, I suspect mostly driven by Polymarket outflows. The circulating P/F ra...

Summary Ethereum's underperformance in 2024, despite bullish developments, leads me to favor altcoins like Algorand, Filecoin, Flow, Hedera, Solana, and Stellar for 2025. Altcoins are gaining market share and could benefit significantly from deregulation, potential ETF approvals, and proposed tax ch...

Summary Bitcoin outperformed major crypto tokens and asset classes in October, with its dominance reaching new highs above 60%, driven by significant ETP inflows. Ethereum's ETH/BTC ratio hit new lows, sparking internal debates on its future direction, focusing on scaling through L2s and maximizing ...

Summary Bitcoin reacted strongly to the Fed’s rate cut and China’s stimulus, rallying 7.7% and beating Gold (+5%), Ethereum (+3.2%), MSCI ACWI (+2.3%) and the S&P (+1.7%). Bitcoin’s daily correlation with the Nasdaq is back to late 2023 levels, above 0.62 on a 30-day average. Allocators may want to ...

Summary Bitcoin's rally has stalled since March, but consolidation appears to be ending; a breakout above USD 73,794 is needed to activate the breakout. Early august saw Bitcoin dip to USD 49,577. However, Bitcoin recovered quickly and is trading around USD 63,000, with the 200-day moving average ac...

More on Bitcoin USD VanEck Mid-August 2024 Bitcoin ChainCheck Bitcoin's Steady Range: Mt. Gox Impact And Future Outlook Cryptocurrencies: Bitcoin Inches Down To $59K Nasdaq seeks approval to list and trade bitcoin index options Spot bitcoin ETFs garner highest net inflows since July after Fed's Powe...

Summary Bitcoin rallied 45%, its best monthly performance since December 2020 and its largest monthly candle ever in dollar terms. An emerging narrative that re-surfaced in February is the creation of protocols that make Bitcoin more useful. Outside of the major themes of the month, we saw renewed i...

Summary Bitcoin’s 30-day volatility reached its highest level since April 2023 in January after the approval and listing of 10 new spot bitcoin ETFs in the US. An airdrop can be thought of as marketing spend to bootstrap a user base. Eigenlayer can be thought of as a service that escrows liquid stak...

Summary VanEck predicts that the U.S. will experience a recession in the first half of 2024, but this will coincide with the launch of the first spot Bitcoin ETFs. The 4th Bitcoin halving in April 2024 will occur without major drama, and Bitcoin will rise above $48,000 after a brief consolidation pe...

Summary Bitcoin outperformed the S&P 500 in November, reaching an 18-month high, driven by investor interest and the potential approval of US Bitcoin ETFs. Ethereum experienced significant growth, surpassing Bitcoin's increase for the first time since July. Other notable performers in the cryptocurr...