Crypto

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December, 2022
December 2022
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Bybit: Slowing M2 Growth Strains BTC, Hell’s Kitchen Enters the Metaverse
19/08/2022 18:36 0.1K

Bybit: Slowing M2 Growth Strains BTC, Hell’s Kitchen Enters the Metaverse

Chart of the Day 

The broader crypto market moved lower over the previous day. Bears are back in command, with Bitcoin and Ether failing to break respective key resistances. BTC dropped below a bullish trendline drawn from July 15 and July 26 lows and is set to test its 50-day EMA at $22.3k. As of the time of writing, the largest cryptocurrency by market cap is trading at $22.8k, after posting a 2.8% decrease in the last 24 hours. Regarding derivatives, strike prices of put options expiring this week indicate that bears see BTC below $24k, while most call options are poised to expire worthlessly. BTC 25d skew breaks the downward trendline, signaling pricier protection for put options, another bearish signal to BTC’s short-term movement.

Meanwhile, U.S. M2 money supply YoY change, historically a prelude to BTC’s bull run, is expected to slow down in its July printing coming next week, putting BTC under strain before any signal of “Fed pivot”.

In a similar vein, ETH shed 1.39% to the $1.8k level in the past 24 hours. Ethereum core developer Tim Beiko claimed that The Merge Mainnet Readiness Checklist was all ticked off, sustaining ETH’s outperformance against BTC and other altcoins. Major altcoins whipsawed, with AAVE, UNI, and LDO leading the decline after registering 10% drops in the last 24 hours.

Talk of the town

Bybit: Slowing M2 Growth Strains BTC, Hell’s Kitchen Enters the Metaverse 1

This week, the popular virtual gaming world, The Sandbox, announced their collaboration with ITV Studios and Gordon Ramsay’s Hell’s Kitchen. The virtual Hell’s Kitchen will take place in ITV’s LAND in The Sandbox, where fans of the popular show will be given a chance to recreate their favorite moments within the metaverse. The first ever fully fledged metaverse cooking experience includes features and interactive elements designed with inputs from Gordan Ramsay himself.

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

Bybit

Ucom - high speed internet connection starting at AMD 6,500
AMD Rates
10:30 07/12 Buy Sell
AMD / USD 393.00 397.00
AMD / EUR 407.00 417.00
AMD / RUR 6.19 6.35
dollars
dollars
CBA Rates
06/12/2022
USD / AMD
395.59
-0.32%
EUR / AMD
415.41
-1.68%
RUR / AMD
6.28
-0.08%
GBP / AMD
481.67
-3.20%
Cryptocurrencies
10:30 07/12
BTC/AMD
6,724,358
-0.11%
BTC/USD
16998.30
-0.03%
ETH/USD
1258.34
-0.13%
BCH/USD
111.87
+0.05%
XRP/USD
0.387777
+1.02%
LTC/USD
79.84
-0.83%
BNB/USD
288.53
-0.21%
DOGE/USD
0.100325
-0.51%
ETH/BTC
0.074020504
-0.11%
BCH/BTC
0.006580556
+0.07%
XRP/BTC
0.000022811
+1.04%
LTC/BTC
0.004696228
-0.82%
BNB/BTC
0.016972374
-0.19%
DOGE/BTC
0.000005902
-0.49%
CBA Metals
06/12/2022
dram / gram
Gold
22598.25
-119.48%
Silver
292.34
+4.61%
FOREX
09:45 07/12
EUR/USD
1.0462
-0.29%
GBP/USD
1.2133
-0.54%
USD/JPY
137.17
+0.19%
EUR/GBP
0.8621
+0.26%
Oil
09:45 07/12
$ / barrel
Brent
79.52
-4.37%
Light Sweet
74.30
-4.04%
COMEX
09:45 07/12
$ / tr. oz
Gold
1785.00
+0.04%
Silver
22.45
-0.40%
Platinum
999.60
-0.99%
LME / 3M
09:45 07/12
$ / tonne
Aluminium
2508.50
-0.56%
Copper
8421.50
+0.36%
Nickel
29271.00
+2.06%
Tin
24814.00
+1.51%
Lead
2220.50
-0.80%
Zinc
3156.00
+0.96%
Molybdenum
45679.73
+0.00%
Cobalt
51955.00
+0.00%
Indexes
09:45 07/12
point
Dow Jones
33596.34
-1.03%
S&P 500
3941.26
-1.44%
NASDAQ
11014.89
-2.00%
FTSE
7521.39
-0.61%
CAC 40
6687.79
-0.14%
DAX
14343.19
-0.72%
RTSI
1097.09
-1.58%
Nikkei
27885.87
+0.24%
Topix
1950.22
+0.12%
Hang Seng
19441.18
-0.40%
SSEC
3212.53
+0.02%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
10/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,128.5
+9.9%
Export 1
Export
4,129.4
+71.2%
Import 1
Import
6,755.8
+63.5%
CPI
Consumer price index
+8.70
Avg. Salary 2
Average salary
226,621
+14.0%
Services 3
Volume of services
2,074.3
+27.90%
Construction 3
Volume of construction
360,764
+14.4%
1 - mln AMD, 2 - AMD, 3 - bln AMD