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Bybit: ETHBTC Ratio Reaches Yearly High, IGO Announces Fiat Payment for NFTs
17/08/2022 17:27 0.1K

Bybit: ETHBTC Ratio Reaches Yearly High, IGO Announces Fiat Payment for NFTs

Chart of the Day 

In line with the sideways movement of equities, Bitcoin largely remained range-bound between $23k to $25k. For four straight weeks, Nasdaq 100 hovered around $13.5k, as the second-quarter 13-F reports revealed that hedge funds are significantly cutting their long positions.  Despite Bitcoin’s $25k rejection, margin traders remain bullish with favorable stablecoin borrowing, while option markets receive a neutral signal from volatility skew reading. Bybit blog reports.

As of the time of writing, the largest cryptocurrency by market cap is oscillating around $24k, after posting a 1.52% increase in the last 24 hours. Meanwhile, Bitcoin has registered one of the least volatile seven-day periods, with 7-day and 30-day implied volatilities sitting at remarkably low levels.

In a similar vein, ETH sits just below $2000 after breaking the psychological threshold for the first time since June 2022. With The Merge around the corner, the ETHBTC ratio climbed toward a yearly high, as the open interest of Ethereum options continued to soar. Most major altcoins saw mixed performances, with memecoins DOGE topping the gainers’ chart on an impressive 8.2% gain over the last 24 hours, likely due to anticipation of its “dogechain” launch.

Talk of the Town

Bybit: ETHBTC Ratio Reaches Yearly High, IGO Announces Fiat Payment for NFTs 1

On August 15, 2022, the company behind Cardano, Input Output Global (IOG), announced their partnership with NMKR, a web3 protocol that aims to push for the adoption of blockchain and NFT technology. Their partnership promises an easy and accessible minting app and an option to make payment of NFTs using fiat money. This collaboration strives to enable an “across the globe” participation in NFT sales for all regardless of depth of understanding on crypto.

Ucom - high speed internet connection starting at AMD 6,500
AMD Rates
10:30 03/02 Buy Sell
AMD / USD 398.00 401.50
AMD / EUR 428.50 437.00
AMD / RUR 5.58 5.70
dollars
dollars
CBA Rates
03/02/2023
USD / AMD
396.48
+0.44%
EUR / AMD
433.59
-1.38%
RUR / AMD
5.63
-0.02%
GBP / AMD
486.01
-1.71%
Cryptocurrencies
10:30 03/02
BTC/AMD
9,316,195
-0.85%
BTC/USD
23523.37
-0.92%
ETH/USD
1642.36
-1.38%
BCH/USD
137.85
+0.36%
XRP/USD
0.411004
-0.15%
LTC/USD
99.02
-1.37%
BNB/USD
323.20
-2.19%
DOGE/USD
0.091898
-1.62%
ETH/BTC
0.069819585
-0.44%
BCH/BTC
0.005860459
+1.31%
XRP/BTC
0.000017473
+0.80%
LTC/BTC
0.004209459
-0.44%
BNB/BTC
0.013739651
-1.26%
DOGE/BTC
0.000003907
-0.69%
CBA Metals
03/02/2023
dram / gram
Gold
24495.52
-26.93%
Silver
311.48
+12.32%
FOREX
10:10 03/02
EUR/USD
1.0889
-1.15%
GBP/USD
1.2211
-1.40%
USD/JPY
128.55
+0.03%
EUR/GBP
0.8917
+0.29%
Oil
10:10 03/02
$ / barrel
Brent
82.12
-1.61%
Light Sweet
75.80
-1.67%
COMEX
10:10 03/02
$ / tr. oz
Gold
1930.10
-1.91%
Silver
23.60
-2.76%
Platinum
1033.50
+1.66%
LME / 3M
10:10 03/02
$ / tonne
Aluminium
2617.00
-0.55%
Copper
9052.50
-0.38%
Nickel
29790.00
+1.69%
Tin
29377.00
+1.96%
Lead
2133.00
-0.26%
Zinc
3382.50
+0.99%
Molybdenum
80314.31
+3.06%
Cobalt
41685.00
+0.00%
Indexes
10:10 03/02
point
Dow Jones
34053.94
-0.11%
S&P 500
4179.76
+1.47%
NASDAQ
12200.82
+3.25%
FTSE
7820.16
+0.76%
CAC 40
7166.27
+1.26%
DAX
15509.19
+2.16%
RTSI
1004.08
+0.16%
Nikkei
27509.46
+0.39%
Topix
1970.26
+0.26%
Hang Seng
21660.47
-1.36%
SSEC
3263.41
-0.68%
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%
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