Ledger Market Bites

Learn what's happening in the crypto market.

These statements do not constitute an invitation nor advice to buy crypto-assets such as Bitcoin or Ethereum.

[Ledger Market Bites @LedgerMrktBites]

@Monica_Compte Hey this account is temporary defunct!

[Ledger Market Bites @LedgerMrktBites]

1/ 🟩 🕯 In the past 24 hours, the Crypto market soared from $1.73T to $1.84T, a 5.4% increase.

🟩 $BTC up 8%
🟩 $ETH up 6.5%
🟩 $XRP up 3.4%
🟩 $LUNA up 20%
🟩 $ADA up 4.3%
🟩 $SOL up 5.5%
🟩 $AVAX up 8%
🟩 $DOT up 6.3%

[Ledger Market Bites @LedgerMrktBites]

3/ Meanwhile, the @BitcoinFear Greed&Fear index is still showing extreme fear, which hopefully sees an uptick soon.

Are we off to the races? 🚀

[Ledger Market Bites @LedgerMrktBites]

2/ Earlier today, Secretary of the Treasury Janet Yellen released a statement explaining the US President's Executive Order on cryptocurrency "will support responsible innovation".

Sec. Yellen's statement was later taken down.

[Ledger Market Bites @LedgerMrktBites]

7/ What do you think of ETH's future as an #ultrasoundmoney?

Comment below and let us know!

[Ledger Market Bites @LedgerMrktBites]

1/ The #Ethereum Merge in Summer 2022 is steadily approaching.

Aside from the promised change from #proofofwork to #proofofstake (which you can read more about here: https://t.co/CljpZDbJkw), it is aiming to make $ETH a deflationary asset.

[Ledger Market Bites @LedgerMrktBites]

6/ $ETH has not been deflationary since the start of its history, recently the burn rate has decreased due to a lower network fee (#gasfee).

This has resulted in $ETH being continuously inflationary.

[Ledger Market Bites @LedgerMrktBites]

2/ Although the market is now nearly 38% down from Nov 2021, the capital inflow into #BTC and #ETH hasn't reduced dramatically.

This reflects that in uncertain times, institutions embrace "blue-chip" projects over the up-and-coming ones.

[Ledger Market Bites @LedgerMrktBites]

1/ Capital inflow to crypto ETF (exchange-traded fund) is a way to see how institutional investors are participating in the market.

Courtesy of @CoinSharesCo:

The comparison between Nov 2021 (relatively bullish) and March 2022 (uncertainty reigns) is an interesting one. 🤔

[Ledger Market Bites @LedgerMrktBites]

6/ How do you develop strong convictions? Understand the fundamentals of a project – and believe in them.

Check out our article on technical and fundamental analysis: https://t.co/DQ5y07heVo

[Ledger Market Bites @LedgerMrktBites]

1/ How do we know that crypto adoption is changing? Learn more in this thread👇🏼

[Ledger Market Bites @LedgerMrktBites]

5/ Stalled growth isn't necessarily a bad thing - bearish price actions can weed out investors who don't have firm convictions.

[Ledger Market Bites @LedgerMrktBites]

Since February 24th, commodity pricing has raced up (seen in $USOIL and $WHEAT) due to a shortage of supply.

In the meantime, the total crypto market cap went down by 0.6% while silver and gold trended up by 6% and 5%.

👀 What are your thoughts?