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End of statement? Bitcoin volume dropped 55% and worries



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.


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

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The UK is preparing for electricity and gas to run out next winter. Worst-case scenario points to 4-day blackouts



The UK is preparing for electricity and gas to run out next winter.  Worst-case scenario points to 4-day blackouts

Summer is still on, but winter is fast approaching, and European countries are making contingency plans to avoid running out of energy while Russia cuts back on the amount of gas it sends to Europe.

Based on a “reasonable worst-case scenario”, the British government is already gearing up for several days of the winter months when the cold could combine with gas shortages, causing “power outages” across the country, reaching industry and homes. .

Unidentified sources tell Bloomberg that London’s forecast is that the electricity grid will only be able to guarantee a sixth of the power during peak demand, after the government presented contingency plans to reopen coal-fired power plants. .

The worst-case scenario assumes that the United Kingdom will suffer blackouts for four days in January 2023 and that it will have to activate measures to reduce gas consumption at a time when gas supplies from Norway and France are also reduced. , while every country tries to secure its supplies for the coldest months of the year.

However, the British government believes that the worst scenario may not materialize, but does not rule out the possibility that, in the end, it will come true.

Bloomberg notes that this problem should be dealt with by whoever succeeds outgoing Prime Minister Boris Johnson next September. In a worst-case scenario, Liz Truss or Rishi Sunak will have an energy and social crisis on their hands, as the British public has expressed great dissatisfaction with a significant increase in the cost of energy, which could double in the face of rising inflation. and reduced purchasing power.

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In Russia began to dismantle aircraft for spare parts – Aviation



In Russia began to dismantle aircraft for spare parts - Aviation

Russian airlines, including state-owned Aeroflot, are stripping planes to secure spare parts they can’t buy abroad due to Western sanctions, Reuters reported, citing four industry sources.

The companies are following Moscow’s guidance in June and are reaching out to some aircraft to get the parts they need to keep the rest of the fleet operational until at least 2025.

A source told Reuters that at least one Sukhoi Superjet 100 and one Aeroflot Airbus A350 are being dismantled, with the Airbus jet being “almost new”.

But the state-owned company has also stripped parts from some Boeing 737s and Airbus A320s to keep other planes of the same model flying.

Almost 80% of Aeroflot’s fleet is owned by the two largest aircraft manufacturers – 134 Boeing and 146 Airbus aircraft, and about 80 aircraft – Russian-made Sukhoi Superjet-100, which, according to the latest data, use many foreign-made parts, Reuters notes.

It will also be difficult for Moscow to buy parts from countries that have not imposed sanctions against Russia after the invasion of Ukraine. Asian and Middle Eastern airlines fear “secondary sanctions” from the West if they supply equipment, a source told the agency.

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After all, how much lower fuel prices? See accounts here



After all, how much lower fuel prices?  See accounts here

Ethis week started with lower fuel prices, which was found for both diesel and gasoline. The fall averaged seven cents, slightly below forecast.

Average price for simple diesel fuel fell in price to 1746 euros per liter (€/litre) on Monday, August 8, compared to 1816 euro/litre on Sunday. it discount seven cents.

Me and simple gasoline 95 cost, on average, €1805/liter on Monday, minus 7.3 cents than the 1,878 euros per liter registered the day before, according to data released by the Directorate General for Energy and Geology (DGEG).

With proven descent on plain petrol 95the price of this component returns to pre-war levels in Ukraine. Let me remind you that on February 23, the average price of regular gasoline 95 was 1816 euros / liter. On the same day of the invasion, plain gasoline 95 also cost €1,816 per litre, compared to the current €1,805 per litre..

Dynamics of fuel prices since the beginning of the war© DGEG website reproduction

The average price at gas stations for the week from 1 to 7 August in the case of gasoline was 0.9 cents higher than the ERSE weekly average price and 0.1 cents lower for diesel.. The information is contained in the Weekly Report on Supervision of Sales Prices to the Public, posted on Monday Energy Services Regulatory Authority (ERSE).

“Regarding the previous week, it was found that the average selling price for the public, announced on the porticos and published in the Balcão Único da Energia, was 0.9 cents per litre. [cêntimos/litro] higher than this week’s effective price for plain gasoline 95 and 0.1 cents/liter lower for plain diesel.”

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Thus, according to ERSE, “in percentage terms, plain 95 gasoline was declared on taps 0.5% above the effective price, and ordinary diesel fuel was declared 0.1% below the effective price.”

Read also: Fuel is cheaper today (and could return to pre-war prices)

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