The Fed's Record Futures Bet Is Also a Crypto Signal: On-Chain Data Tells the Story
On the morning of May 7, 2024, I was cross-referencing the CME Fed funds...
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| Coin | Price | 24h |
|---|---|---|
|
BTC
Bitcoin
|
$63,097.4 | -0.95% |
|
ETH
Ethereum
|
$1,867.41 | -0.50% |
|
SOL
Solana
|
$72.94 | -0.78% |
|
BNB
BNB Chain
|
$579.6 | -1.85% |
|
XRP
XRP Ledger
|
$1.06 | -0.72% |
|
DOGE
Dogecoin
|
$0.0698 | +0.50% |
|
ADA
Cardano
|
$0.1732 | +2.55% |
|
AVAX
Avalanche
|
$6.36 | -1.10% |
|
DOT
Polkadot
|
$0.7693 | +1.42% |
|
LINK
Chainlink
|
$8.1 | -1.71% |
Fear
Market Sentiment
Improves data availability sampling efficiency
Block reward halving event
Block reward reduced to 3.125 BTC
Team and early investor shares released
Independent validator client goes live on mainnet
92 million ARB released
Circulating supply increases by about 2%
Raises validator limit and account abstraction
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$63,097.4 |
| 1 |
Ethereum
ETH
|
$1,867.41 |
| 1 |
Solana
SOL
|
$72.94 |
| 1 |
BNB Chain
BNB
|
$579.6 |
| 1 |
XRP Ledger
XRP
|
$1.06 |
| 1 |
Dogecoin
DOGE
|
$0.0698 |
| 1 |
Cardano
ADA
|
$0.1732 |
| 1 |
Avalanche
AVAX
|
$6.36 |
| 1 |
Polkadot
DOT
|
$0.7693 |
| 1 |
Chainlink
LINK
|
$8.1 |