May 2022 / 130 posts found
Three Arrows Capital’s Su Zhu Believes American Boomers Capitulated on Crypto in Mid-May
Cryptocurrency Summary: Three Arrows Capital co-founder Su Zhu believes that American boomers capitulated on crypto mid this month. He cites the declining prices of MicroStrategy’s and Coinbase’s stock in the traditional markets. Both assets remain in a confirmed downtrend that eerily resembles that of Bitcoin, thus indicating a strong correlation. The Co-founder of Three Arrows Capital, Su Zhu, believes that American boomers capitulated on crypto mid this month. According to his analysis, the massive selling of MicroStrategy (MSTR) and Coinbase (COIN) stocks earlier this month proves that boomers offloaded their bags around the same time Bitcoin hit a local low […]
The Luna Foundation Guard’s 80k Bitcoin Sold to Save UST’s Peg Were Likely Scooped Up By BTC Whales
Summary: Earlier this month, the Luna Foundation Guard drained its 80k Bitcoin reserves to save UST’s peg. According to Glassnode, the Bitcoin sold to save UST’s peg likely ended up being bought by small-time BTC whales owning less than 100 coins. The Luna Foundation Guard now holds 313 Bitcoin, down from 80,394 BTC declared on May 7th, 2022. According to an analysis by the team at Glassnode, the Luna Foundation Guard’s (LFG) 80k Bitcoin sold in an attempt to save UST’s peg likely ended up being bought by small BTC whales holding less than 100 coins. The Glassnode team shared […]
Top 3 Metaverse Crypto Coins With a Market Cap Below $15 Million (May 2022)
Bitcoin The past few months have undoubtedly been hard for cryptocurrency and global markets. However, in recent weeks Bitcoin and Ethereum managed to hold their current support levels, and a market reversal may be looming in the quarter ahead. Metaverse Crypto coins also show bullish momentum, with most gaining a few percent today. This article looks at our pick of the top three Metaverse crypto coins with a market cap below $15 million to watch in May 2022. Note: The list below is ordered by the current market capitalization, lowest to highest. #3 Star Atlas DAO (POLIS) – $13.3 million […]
![Shiba Inu [SHIB]: Why traders should wait for this before placing long bets](https://cryptoteambuild.com/blog/wp-content/uploads/2022/05/597-shiba-inu-shib-why-traders-should-wait-for-this-before-placing-long-bets-960x600.png)
Shiba Inu [SHIB]: Why traders should wait for this before placing long bets
Despite its recent falling wedge breakout, Shiba Inu (SHIB) buyers failed to flip the bearish narrative owing to the coin’s very high correlation with Bitcoin. Since rebounding from the 61.8% Fibonacci level, the month-long trendline resistance (yellow, dashed) has curbed the potential of buying rallies. While the current setup exhibited a bearish edge, a close above or below the trendline resistance could influence the coming moves of the dog-themed token. At press time, SHIB traded at $0.01075, up by 1.95% over the last day. (For brevity, SHIB prices are multiplied by 1000 from here on). SHIB Daily Chart Source: TradingView, […]
Three Arrows Co-Founder Su Zhu Admits His Bitcoin Supercycle Price Thesis Was Regrettably Wrong
Bitcoin Summary: Su Zhu has admitted via Twitter that his Bitcoin supercycle thesis ‘was regrettably wrong.’ Mr. Zhu’s Bitcoin supercycle thesis had forecasted that BTC could reach $2.5 million if it took a large portion of Gold’s market share. The co-founder of Three Arrows Capital, Su Zhu, has admitted via Twitter that his Bitcoin supercycle price thesis was regrettably wrong. In the tweet that can be found below, Mr. Zhu went on to express optimism that the crypto industry will still ‘thrive and change the world every day.’ Supercycle price thesis was regrettably wrong, but crypto will still thrive and […]
Kraken Daily Market Report for May 27 2022
Overview Daily spot trading volume: $878.0 million, 30 day average spot: $1.03 billion. Total futures notional: $315.4 million. The top five traded coins were, respectively, Tether (0%), Bitcoin (-2.0%), Ethereum (-3.7%), Polkadot (-1.0%), and USDC (0%). Strong returns from Dogecoin (+4.6%) and GMT (+15%). May 27, 2022 $878.0M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9989 ↑0.0% $277.5M BTC $28580. ↓2.0% $216.0M ETH $1724.9 ↓3.7% $196.5M DOT $9.1040 ↓1.0% $74.6M USDC $1.0 ↓0.01% $54.8M SOL $41.0 ↓5.6% $22.2M ADA $0.4555 ↓4.8% $10.7M…
