Hi Crypto Academy Network, Bitcoin and Nasdaq 100 have been clobbered in 2022 as both are down about 15% but in the same period, gold has risen about 10%. This shows that in a high inflation, rising rate environment, investors have shunned assets erceived as risky and are sticking to gold, which is a proven inflation hedge. Another positive sign has been that Bitcoin balances on the crypto exchanges have continued to decline. Data from on-chain analytics firm CryptoQuant shows that the cumulative balance of Bitcoin at 21 major exchanges has declined to its lowest level since July 2018. This suggests that investors have been withdrawing their Bitcoin to HODL for the long term. Bitcoin’s price has increased 1.75% from $40,050 last week to around $40,750 and Ether’s price has increased by 0.99% from $3,020 last week to $3,050 Bitcoin's market cap is $775 Billion and the altcoin market cap is $1.14 Trillion. KEY TRADING LEVELS Top Content This Week! Terra's UST is Now The Third Most | | | | Ripple Claims ‘A Very Big Win’ in SEC Case | | | | US Government Warns of North Korean | | | | Top Article This Week! | ZiberBugs Opens Up Seed Round | | | 3QualiTy: Earn FREE Rewards | | | | The Assembly NFT Blends Gaming | | | | | Earnings Disclaimer The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur |
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