Crypto

OIL:  BRENT - 83.63+2.31 WTI - 77.23+3.15
COMEX:  GOLD - 1889.00+0.20 SILVER - 22.32+0.00
COMEX:  PLATINUM - 984.10+0.58
LME:  ALUMINIUM - 2524.50-0.36 COPPER - 8925.00+0.60
LME:  NICKEL - 27248.00-0.04 TIN - 27071.00+0.71
LME:  LEAD - 2098.00-0.10 ZINC - 3136.50+0.18
FOREX:  USD/JPY - 131.08-0.93 EUR/GBP - 1.0731-0.02
FOREX:  EUR/USD - 1.0731-0.02 GBP/USD - 1.2051+0.08
STOCKS RUS:  RTSI - 1004.37-0.28
STOCKS US: DOW JONES - 34156.69+0.78 NASDAQ - 12113.79+1.90
STOCKS US: S&P 500 - 4164.00+1.29
STOCKS JAPAN:  NIKKEI - 27685.47-0.03 TOPIX - 1983.40+0.21
STOCKS CHINA:  HANG SENG - 21298.70+0.36 SSEC - 3248.09+0.29
STOCKS EUR:  FTSE100 - 7864.71+0.36 CAC40 - 7132.35-0.07
STOCKS EUR:  DAX - 15320.88-0.16
07/02/2023  CBA:  USD - 395.88-0.74 GBP - 474.86-2.19
07/02/2023  CBA:  EURO - 424.11-2.85
07/02/2023  CBA:  GOLD - 23842.42-71.35 SILVER - 284.85-14.69
February, 2023
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
Bybit: BTC Rises Above $22k, Otherside Opens for First Trips
18/07/2022 18:07 0.1K

Bybit: BTC Rises Above $22k, Otherside Opens for First Trips

Chart of the Day 

The broader crypto market erased the week’s early losses over the weekend. BTC briefly flirted with the $22k handle, before ending its four-day winning streak on Sunday with a tumble below the $21k support level. As of the time of writing, the largest cryptocurrency by market cap has risen 3.6% in the last 24 hours, placing it back above the $22k level and the 100-hour moving average. BTC is looking to accelerate its potential upside gains after establishing a stronger foothold near the $21k zone. Bybit blog reports.

However, some analysts believe that the recent price resilience may not translate into a further recovery for BTC. That said, on-chain metrics reveal that over 80% of the total USD-denominated wealth invested in BTC has been dormant for over three months. The percentage of dormant supply can be used to gauge the end of bear runs, as previous bearish cycles often approach an end after the supply surpasses the 80 percent mark.

Despite maintaining a strong correlation with BTC, ETH has outpaced the largest cryptocurrency by market cap in the recent rally. ETH is poised to test the $1,500 handle after posting a 7.6% increase during the same period. Most major altcoins are in the green, with MATIC leading the pack on a double-digit percentage gain over a similar time frame.

Back to (the) Futures 

Bybit: BTC Rises Above $22k, Otherside Opens for First Trips 1

The leverage ratio in the futures market has begun to trend up after investors’ speculations pivoted towards a 75pbs rate hike at the end of July. However, volatility continues to plague the derivatives market over the weekend, with the prices of major digital assets fluctuating in a wider range.

Funding rates across major centralized exchanges for BTC perpetual contracts are seeing a significant uptick. It is possible to expect a trend reversal in the near term as sellers are showing signs of fatigue. However, the long-term outlook is still shrouded with uncertainties. In the options market, the implied volatility rose but has since remained relatively unchanged, while skews saw some relief despite staying in the negative territory.

Talk of the Town

Bybit: BTC Rises Above $22k, Otherside Opens for First Trips 2

The much-anticipated gaming platform, Otherside, is open for business to a select group of players. On Saturday, Yuga Labs, the team behind Otherside, invited 4,300 players to an immersive tour of the ape-inspired online platform. The players invited to the cyber excursion were owners of plots of land within the game, dubbed “Otherdeeds”. A litepaper was released shortly after the trip, announcing that only Otherdeed owners and “selected third-party developers” will be allowed to participate in the game during its first phase, where they will be able to contribute to the platform’s construction and shape its core functionalities.

Crypto & blockchain articles are created with the support of ByBit – leading crypto platform.

Bybit: BTC Rises Above $22k, Otherside Opens for First Trips 3

Beeline Armenia - Telecommunication services for your business.
AMD Rates
10:30 08/02 Buy Sell
AMD / USD 397.00 400.00
AMD / EUR 421.00 428.00
AMD / RUR 5.49 5.62
dollars
dollars
CBA Rates
07/02/2023
USD / AMD
395.88
-0.74%
EUR / AMD
424.11
-2.85%
RUR / AMD
5.59
-0.02%
GBP / AMD
474.86
-2.19%
Cryptocurrencies
10:30 08/02
BTC/AMD
9,189,293
+1.04%
BTC/USD
23212.32
+1.23%
ETH/USD
1675.49
+2.47%
BCH/USD
134.95
+1.62%
XRP/USD
0.401850
+1.37%
LTC/USD
101.28
+2.12%
BNB/USD
331.34
+0.99%
DOGE/USD
0.092075
+1.31%
ETH/BTC
0.072175532
+1.21%
BCH/BTC
0.005813284
+0.37%
XRP/BTC
0.000017311
+0.13%
LTC/BTC
0.004362801
+0.86%
BNB/BTC
0.014273283
-0.25%
DOGE/BTC
0.000003966
+0.05%
CBA Metals
07/02/2023
dram / gram
Gold
23842.42
-71.35%
Silver
284.85
-14.69%
FOREX
09:44 08/02
EUR/USD
1.0731
-0.02%
GBP/USD
1.2051
+0.08%
USD/JPY
131.08
-0.93%
EUR/GBP
0.89
-0.15%
Oil
09:44 08/02
$ / barrel
Brent
83.63
+2.31%
Light Sweet
77.23
+3.15%
COMEX
09:44 08/02
$ / tr. oz
Gold
1889.00
+0.20%
Silver
22.32
+0.00%
Platinum
984.10
+0.58%
LME / 3M
09:44 08/02
$ / tonne
Aluminium
2524.50
-0.36%
Copper
8925.00
+0.60%
Nickel
27248.00
-0.04%
Tin
27071.00
+0.71%
Lead
2098.00
-0.10%
Zinc
3136.50
+0.18%
Molybdenum
83841.70
+0.34%
Cobalt
38920.00
+0.00%
Indexes
09:44 08/02
point
Dow Jones
34156.69
+0.78%
S&P 500
4164.00
+1.29%
NASDAQ
12113.79
+1.90%
FTSE
7864.71
+0.36%
CAC 40
7132.35
-0.07%
DAX
15320.88
-0.16%
RTSI
1004.37
-0.28%
Nikkei
27685.47
-0.03%
Topix
1983.40
+0.21%
Hang Seng
21298.70
+0.36%
SSEC
3248.09
+0.29%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
10.75
+0.00%
Lombard Repo
Lombard Repo Rate
12.25
+0.00%
Deposit
Deposit Rate
9.25
+0.00%
Macroeconomy
12/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,681.7
+7.80%
Export 1
Export
5,360.1
+77.7%
Import 1
Import
8,768.7
+63.5%
CPI
Consumer price index
+8.60
Avg. Salary 2
Average salary
235,576
+15.50%
Services 3
Volume of services
2,575.8
+28.2%
Construction 3
Volume of construction
541.11
+12.50%
1 - mln AMD, 2 - AMD, 3 - bln AMD