Can You Use Crypto YouTube Channels to Time the Market? Yes, Says Delphi
Tracking changes in the viewership and subscriber base of popular crypto-related YouTube channels can offer insights into retail investor sentiment and impending market trends.
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Tracking changes in the viewership and subscriber base of popular crypto-related YouTube channels can offer insights into retail investor sentiment and impending market trends.
Tesla did not buy or sell any BTC in the three months to September.
A fake report about BlackRock’s spot BTC ETF approval Monday spurred a short-lived bitcoin rally to $30,000.
“We continue to view COIN’s consumer take rate as being at risk of compression due to competition for market share within a lower volume crypto space,” the bank said.
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
The ascent in bitcoin’s dominance rate is consistent with the bullish breakout in June, which marked the end of a prolonged range play between 38% and 48%.
Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI and CPI Data
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.