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End of statement? Bitcoin volume dropped 55% and worries

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Fim da alta? Volume de Bitcoin cai 55% e preocupa

The daily transaction volume on the Bitcoin network has dropped more than 20% in recent weeks. According to report of The Block, the weekly chart recorded about 217,000 transactions last Sunday (6). The index last reached this zone in August 2018.

In addition, the number of dollars online daily fell 55%, from $ 17.3 billion to $ 7.7 billion. Although the scenario is not very optimistic, experts explain that a change in this indicator may indicate new cases of recovery.

Other technical indicators of BTC were also touched upon, such as the current confusing relationship of long and short positions. At the time of this writing, the numbers indicate indecision.

Bear market?

The daily transaction volume on the Bitcoin network has dropped to three years ago. As of August 31, 2018, the number of operations in the ecosystem was 217.15 thousand.

The fall occurs after a series of market corrections. Part of this drop is due to statements by Elon Musk and the restrictions of the Chinese government on cryptocurrencies

Bitcoin’s margin is currently hovering around $ 36,000. A devaluation of 43.7% from an all-time high of $ 64,000.

In addition, Glassnode data points to a large amount of withdrawals from exchanges this month. According to the report, the number of withdrawals is the highest since November 2020.

Analysts usually associate the withdrawal of cryptocurrencies from exchanges with a positive sign. Cryptocurrencies are believed to be moved to safer storage as traders expect more valuation.

In this scenario, buy and sell orders – a long e short – to present an indecisive market. Survey Binancefor example, assumes that 50.3% of investors are betting on price increases over the long term.

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Meanwhile, about 49.7% of investors are betting on the fall.

Exchanges

what experts say

According to a survey by CoinDesk Markets, volume is considered the most important by 38% of experts.

“Volume is, without a doubt, the most important aspect besides price. […] For many other technical indicators, volume can confirm or reject this hypothesis, ”said Matt Thompson, director of business development and operations at Coinigy. CoinDesk

Analysts use the indicator to determine trading advantages. It is clear that if the price Bitcoin falls with volume, a possible reversal will soon occur in the market.

The same can happen if the price rises at the same time as the volume falls. Such a sign is a strong indicator of decline. That is, at first the metric may be negative.

However, the fall in volume in a lateralized market – the current case of Bitcoin – is thought to leave room for different outcomes. If from here the price rises along with the volume, an uptrend can be expected in the short term.

Read also: Brazilian Traders Are Some Of The Top Gains In 2020 From Bitcoin

Read also: Analyst Explains 10x Growth In Revenue With Cryptocurrencies

Read also: Is it good to invest in Oi shares after asset auctions?

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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