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
Team and early investor shares released
Block reward halving event
Independent validator client goes live on mainnet
Circulating supply increases by about 2%
Block reward reduced to 3.125 BTC
Raises validator limit and account abstraction
92 million ARB released
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 |