Crypto Markets In 7 Charts 🫡📈📉
7D Crypto Inflows, DOGE, XRP, ETH, BTC and Stablecoin market dominance. Just a quick update this week but looking to make these more often.
7 Day Crypto Inflows:
$DOGE moving this week on Twitter news, let’s just assume the DOGE moves on it’s on pace now that Elon is in volatility mode. One whisper in his ear could have DOGE implications for traders and long term holders.
$BTC - Weekly chart using a line chart for clarity.
$BTC - Hourly
Nothing burger + chop. Then big move down followed by more chop. Traders are barely able to get a gain in this chop unless highly leveraged. GGs if you are though.
Ethereum DeFi fees in 24 hours
$XRP: The initial trade was good but be aware that we are in what I would call “No Man’s Land” marked in red. The reaction to this move will set the tone for the future of this move.
$ETH: In a similar place in my opinion. Unless ETH can clear 2k and test it as support a few times then I will feel more comfortable with a long position. Line chart on this is for simplicity sake but the price action tells the same story but is more messy
US regulatory uncertainty seems to be the reason why USDC settlement / usage is down. Here are numbers from 5 months apart (numbers from the same chart on DefiLlama ) + a 2022 & 2023 chart.
And the wrap up with ETH/BTC… very lackluster.
Next update will be more in depth but markets are in indecisive mode right now. Let me know what you think in the comments below and don't forget to share if you want to support!