Rates are broadly lower again on Tuesday, with the US 10Y nearing 4.4%, down from 4.7% just under a week ago. Risk assets are on the rise, with both the ^SPX -0.12% and QQQ -0.06% showing gains today. Crypto performance is mixed so far, with BTC 0.54% retesting the $63k level after US market open, following a rally to just over $64k in the early morning hours. Meanwhile, ETH 5.58% is still hovering just above $3k, appearing relatively unloved compared to BTC 0.54% and SOL 4.81% , with the ETHBTC ratio now down approximately 5% over the past five days. Notable outperformers among the larger caps today include ENA 9.16% , following its integration of USDe on Bybit (more on that below), and RNDR, the decentralized GPU rendering network, which is seemingly rallying alongside chipmaker NVDA. It was another positive day for ETF flows, with GBTC 1.86% experiencing inflows for the second consecutive trading day, and an overall net inflow of $217 million across all spot BTC ETFs.
Daily Important Metrics
Crypto Size
Bullish signal is tied to the crypto market growing
Market cap 2.34T
$-34.5B(-1.45%)
BTC
Dominance
53.42
%
(0.40%)
Stablecoins
Increase in circulating stablecoins is a Bullish
signal
In Circulation +$111B
(0.06%)
In
Exchanges
+$18B
(-0.50%)
BTC Metrics
A decrease in Bitcoin on exchanges is bullish,
indicates
investors are moving coins to cold storage
# BTC
Exchanges +$2.3M
(-0.07%)
Funding Rates
Positive funding rates indicate traders are Bullish
Aggregate
+0.6724(0.4388)
Binance
-0.0754(-1.0739)
Bitfinex
+0.0250(0.0539)
Bitmex
+0.7146(0.4136)
ByBit
+1.0000(0.6942)
Deribit
+0.1680(-0.6056)
Huobi
+0.4941(0.4941)
Kraken
+0.5670(-0.6376)
Mean
+0.6724(0.4388)
OKex
+0.5069(0.9799)
Sentiment
BMI : 44
(-2.27%)
Futures
A positive spread between Futures
Prices and
Spot Prices is Bullish
CME
Price
$63,985(-0.99%)
Spot
Basis
$-123(-0.19%)
Volume
760,248(75.31%)
Open
Interest
265,223(-0.26%)
Options all exchanges
Higher open interest change in a bull market is
bullish for
the sector
Eight hundred weeks and one day after Bitcoin launched on January 3, 2009, with the minting of its genesis block, the world’s most valuable cryptocurrency has surpassed one billion processed transactions. The milestone comes at an especially exciting time for the cryptocurrency, which has seen heightened levels of daily transactions for the past year as […]
Victoria, Seychelles, May 6th, 2024, Chainwire Bitget Wallet, one of the largest Web3 wallets and full-stack DeFi platforms, has officially integrated support for the Babylon Testnet, a pioneering Bitcoin staking protocol. Following this development, users will be able to search for and connect to the Babylon Testet from the app and browser extension versions of […]
The post Bitget Wallet integrates Babylon Testnet to simplify Bitcoin staking appeared first on CoinJournal.
