pstsicilia.org – Bitcoin verpflichtet

• Aptos (APT/USD) has seen a massive price increase in 2023, peaking at $20.44 in January.
• A closer look at its network shows that things are not going as well as they appear. Aptos’ DeFi TVL has plunged in APT terms, and the total number of users in its ecosystem has been falling.
• Despite these concerning metrics, Aptos’ price continues to form a bullish flag, suggesting that the coin might still have more room to grow in the coming weeks.

Aptos (APT/USD) has seen a spectacular price surge in 2023, making it one of the top-performing coins in the industry. The coin peaked at $20.44 in January, which was about 448% above the lowest point this year. Despite this strong bullish trend, a closer look at the network shows that things are not going as well as they appear.

Aptos’ DeFi TVL, or Total Value Locked, has been in a strong growth in dollar terms in the past few months. It stands at an all-time high of $76 million. However, when you switch to the TVL in Aptos terms, which is the metric that matters, shows that it has been falling. Aptos now has a TVL of 4.26 million APT, which is lower than its all-time high of over 17.6 million APT.

Other Aptos metrics also send a concerning picture of the network. For example, according to AptosScan, the number of transactions in the network has been in a strong downward trend since February. The number of active addresses and active wallets have also been declining since February, which could indicate a lack of interest in the platform.

Despite these worrying metrics, Aptos’ price continues to form a bullish flag, suggesting that the coin might still have more room to grow in the coming weeks. The strong bullish sentiment is being driven by a wave of new investors entering the market, as well as by the growing adoption of DeFi protocols.

It remains to be seen whether Aptos’ on-chain metrics will improve in the near future. If they do, it could be a sign that the coin is ready to make a strong move higher. On the other hand, if the metrics continue to decline, this could have a negative impact on the coin’s price. Therefore, it is important for investors to keep an eye on Aptos’ network metrics to get an idea of where the coin is headed in the near future.

• Ethereum (ETH) has been one of the cryptocurrencies with the best performance on the market this month.
• Ethereum whales have been purchasing Bitgert (BRISE) as they diversify their holdings.
• Experts believe that the developments involving Bitgert have the potential to cause $BRISE to soar in the coming weeks.

The cryptocurrency market has been on a steady rise this month – led by Ethereum (ETH), which has seen a 31% jump in its price in just two weeks. This remarkable increase has generated a lot of interest from investors and traders alike, who are now looking to diversify their holdings by purchasing other promising cryptocurrencies. One of the emerging coins that Ethereum whales have been introducing to their portfolios is Bitgert (BRISE).

The Bitgert network is a gasless blockchain that has been gaining a lot of attention from the crypto community. It offers a CEX platform, as well as an upcoming DEX platform, which will enable users to trade their tokens in a secure and trustless environment. Bitgert also has some very attractive features, such as fast transaction times and low fees, which have been drawing in a lot of investors.

Analysts of cryptocurrencies believe that large holders of Ethereum are drawn to the developments involving Bitgert, as they have the potential to cause $BRISE to soar in the coming weeks. This has been further evidenced by the significant growth in the amount of Ethereum whales who have been investing in Bitgert this month. Additionally, some individuals have been stockpiling this coin, suggesting that they believe in its long-term potential.

The future of Bitgert looks bright, and with Ethereum whales investing in it, the price of $BRISE is likely to increase substantially in the near future. The developments and features associated with Bitgert should also be taken into consideration, as they will likely contribute to the coin’s success. Investors should, however, be aware of the risks involved and conduct their own research before investing in any cryptocurrency.

• Cryptocurrency prices have surged in the last 9 months, with Bitcoin trading near $21,000, Ethereum at $1,500 and altcoins performing strongly.
• Optimism is high that the Federal Reserve will pivot off its high-interest policy sooner than expected, following cooler inflation data.
• Some analysts fear the market is premature in pricing in an earlier-than-expected Fed pivot.

Cryptocurrency markets have been resurgent in the first month of 2021, with Bitcoin, Ethereum and altcoins all surging in what is now the strongest rally in nine months. Bitcoin, the world’s number one cryptocurrency, is trading close to $21,000, while Ethereum, the second-largest by market capitalization, has crossed $1,500. Other coins, such as Solana and Dogecoin, are also seeing strong gains, with the former up by 130% since the start of the year.

The rally appears to be driven by optimism that the Federal Reserve will pivot off its high-interest policy sooner than expected, following cooler inflation data. The US central bank is scheduled to meet on February 1st and will decide on the latest interest rate policy. If it does decide to reduce rates, it could be seen as a sign that it is looking to stimulate the economy, which would be good news for the cryptocurrency markets.

However, some analysts fear that the market is premature in pricing in an earlier-than-expected Fed pivot. They point to the fact that the US government is still in the midst of a stimulus package, which could lead to higher inflation and ultimately push interest rates back up. There are also concerns that the crypto rally is being driven by speculation and that if the Fed does not announce a rate reduction, the markets could suffer a severe correction.

Regardless, the crypto markets have seen impressive gains in January and are showing no signs of slowing down. It will be interesting to see what happens when the Fed meets in February and if the current rally will be sustained or if it will be short-lived. In the meantime, investors should be cautious and do their own research before investing in any crypto asset.

• Chainalysis revealed that the sanctions imposed on Tornado Cash weren’t able to completely cut off its usage.
• Total inflows to Tornado Cash declined by 68% in the 30 days after the sanctions were implemented.
• The Chainalysis team said that sanctions against decentralized services act more as a tool to disincentivize the service’s use rather than cutting off usage completely.

The Office of Foreign Assets Control (OFAC) recently announced sanctions against Tornado Cash on August 8, 2022, based on allegations of its part in the laundering of crime proceeds. In response to the sanctions, Chainalysis conducted a study on the effects of the sanctions on Tornado Cash. The results of the study revealed that the sanctions had impacted the usage of the cryptocurrency mixer, but had not completely shut it down due to its decentralised nature.

Total inflows to Tornado Cash declined by 68% in the 30 days after the sanctions were implemented. The Chainalysis team said that the sanctions had acted as a disincentive to the service’s use rather than completely cutting off access to it. Despite the sanctions, the smart contract code of Tornado Cash can still be used at any time.

The sanctions also saw the front-end website of Tornado Cash taken down. However, the decentralized nature of the platform meant that it was still possible for users to access the service, albeit at a significantly lower rate than before the sanctions.

Chainalysis also pointed out that the sanctions had a limited impact on the overall amount of funds floating around in the Ethereum network. This suggests that the sanctions had a limited effect on the total amount of money being laundered.

The study conducted by Chainalysis revealed that the sanctions imposed on Tornado Cash had a significant impact on its usage, but had not completely shut it down. This shows that it is difficult to completely shut down a decentralized service, as the smart contract code can be used at any time. The sanctions acted as a disincentive to the service’s use, but it is still possible to access the service, albeit at a significantly lower rate than before the sanctions.

• Jim Cramer talked about why Silvergate is a ‚pivotal‘ part of the crypto ecosystem on Mad Money, CNBC.
• Silvergate’s shares plummeted, losing more than 43% yesterday, then another 2% or so. They are down by more than 90% from their all-time high in November 2021.
• According to Cramer, stocks can always go lower and as long as they’re above zero, it’s fine. However, Silvergate is a pivotal part of the crypto ecosystem because it’s a „great example of everything that’s wrong with this industry.“

On the popular CNBC show Mad Money, host Jim Cramer discussed why Silvergate is a ‚pivotal‘ part of the crypto ecosystem. Silvergate, a bank founded in 1988, had seen its shares plummet, losing more than 43% yesterday and another 2% today. This brought the bank’s share price down by more than 90% from its all-time high in November 2021.

The bank’s failure was largely blamed on the breakdown of the crypto industry, which prompted Silvergate to fire 40% of its staff and sell assets at a major loss. Silvergate had been working on a Money Market Fund (MMF), which Cramer described as the most dangerous link in the crypto chain.

Cramer commented that stocks can always go lower and as long as they’re above zero it’s fine. However, he was concerned that Silvergate’s market cap could shrink to the point where it would be off-limits for discussion on air. He described Silvergate as a „great example of everything that’s wrong with this industry“ and emphasized the importance of addressing this issue.

Silvergate Bank was founded as a savings and loan association in 1988 and was transformed into a bank in 1996. It was quite small at first, with just three branches, but it has since grown to encompass assets worth over $2 billion. It provides services to clients such as FTX units and Alameda, and it has been a key player in the crypto industry for years.

The news of Silvergate’s failure has been a major blow to the crypto industry, and it serves as a stark warning to investors. However, the bank’s failure is also an opportunity to assess what went wrong and to learn from it. As Cramer said, it is essential that we address this problem so that we can prevent similar issues from happening in the future.

• Binance coin (BNB/USD) has been bearish since the FTX collapse, trading on an upside at $255 and facing resistance at $266.
• This was largely due to the collapse of FTX as investors shifted to decentralised exchanges, and the concerns raised by Binance’s proof of reserves.
• Recent recoveries have been promising, but BNB is yet to break above the crucial $266 resistance level.

Binance coin (BNB/USD) has been a relatively stable cryptocurrency since the start of the year, but its performance has been far from bullish. The native token of the world’s largest centralised crypto exchange suffered a major blow when the collapse of FTX ignited fears that no exchange was too big to fail. This sent BNB tumbling to $220 by mid-Dec.

The outflow from centralised peers towards decentralised exchanges was a major factor in this, as investors looked for more secure options. The fears were further heightened when Binance’s proof of reserves raised questions of whether the exchange was sufficiently collateralised. This sent BNB into a bearish spiral, with the latest recoveries only seeing it reach an upside at $255.

Despite the bullish momentum, BNB is yet to break the crucial resistance level of $266. This is a major resistance level on the daily chart and must be broken for BNB to make more significant gains. A bullish MACD crossover has been initiated, but the MACD indicator is still bearish. As such, BNB may still be some way off from a full recovery.

That said, the recent recoveries have been promising and investors remain hopeful that BNB will continue to make gains. But until it breaks the $266 resistance level, it is unlikely that BNB will make a full recovery. As such, the cryptocurrency will remain bearish in the short-term and investors should be wary of an eventual pullback.