Are you curious about Bitcoin, cryptocurrency, or blockchain? Finding the best cryptocurrency websites can be challenging, like searching for a needle in a haystack. Luckily, I’ve done the hard work for you! After extensive research, I’ve curated a collection of the finest crypto links that are dedicated to expanding your knowledge of Bitcoin and cryptocurrencies. Many of these websites I’ve personally used. Keep checking back, as this list continues to grow over time. Don’t forget to bookmark it for future reference, Cryptounit!

Ethereum

Ethereum

$3,558.14

ETH -3.40%

Bitcoin

Bitcoin

$67,796.02

BTC -2.52%

Litecoin

Litecoin

$77.57

LTC -2.79%

ETH/USD:

[exchange-rates_badge amount="1" base_currency="ETH" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

BTC/USD:

[exchange-rates_badge amount="1" base_currency="BTC" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

LTC/USD:

[exchange-rates_badge amount="1" base_currency="BTC" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

CryptoUnits - 1539+ Best Cryptocurrency Websites & Bitcoin Sites List of 2023!

By crypto worshipper
Cryptocurrency Forensics 🚀🌑

Why is Bitcoin price up today?[2023-12-07]

The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin
BTC

tickers down
$43,729

衝破9,800美元 比特幣 - 澳門力報官網

and 11% for Ether
ETH

tickers down
$2,276

. Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization.

Despite the recent bullish momentum, analysts have observed that retail demand remains relatively stagnant. Some attribute this to the ripple effects of an inflationary environment and decreased interest in credit, given that interest rates continue to hover above 5.25%. While analyst Rajat Soni’s post may have dramatized the situation, the underlying, in essence, holds true.
Numerous United States economic indicators have surged to record highs, including wages, salaries and household net worth. However, analyst Ed Yardeni suggested that the “Santa Claus rally” might have already occurred earlier this year, with the S&P 500 gaining 8.9% in November.

This rise reflected diminishing inflationary pressures and robust employment data. Yet, investors remain cautious, with approximately $6 trillion in “dry powder” parked in money market funds, waiting on the sidelines.

Did retail traders miss Bitcoin’s and Ether’s recent gains?

With no dependable indicator to track retail participation in cryptocurrencies, a comprehensive data set is necessary for making conclusions, beyond relying solely on Google Trends and crypto-related app download rankings. To determine if retail traders have missed out on the rally, it’s essential that the indicators align across various sources.

The premium of Tether
USDT

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$1.00

in China serves as a valuable gauge of retail demand in the crypto market. This premium quantifies the difference between peer-to-peer USDT trades based in yuans and the value of the U.S. dollar. Excessive buying activity typically exerts upward pressure on the premium, while bearish markets often witness an influx of USDT into the market, resulting in a 3% or greater discount.
On Dec. 5, the USDT premium relative to the yuan reached 1%, a modest improvement from the previous weeks. However, it remains within the neutral range and hasn’t breached the 2% threshold for over half a year. Whether retail flow gravitates toward Bitcoin or altcoins, Chinese-based investors primarily need to convert cash into digital assets.

Turning the attention to Google Trends, searches for “buy Bitcoin” and “buy crypto” reveal a stable pattern over the past three weeks. While there’s no definitive answer to what piques the interest of new retail traders, these queries typically revolve around how and where to purchase cryptocurrencies.
Notably, the current 90-day index stands at approximately 50%, showing no signs of recent improvement. This data seems counterintuitive, given that Bitcoin has surged by 53% in the past 50 days, while the S&P 500 has risen by 4.5% during the same period. Importantly, when viewed over a longer time frame, the current search levels remain a staggering 90% below their all-time high in 2021.

Related: Why is Bitcoin price up today?

Finally, it’s crucial to delve into derivatives markets, specifically perpetual futures, which are the preferred instrument for retail traders. Also known as inverse swaps, these contracts feature an embedded rate that accrues every eight hours. A positive funding rate suggests a greater demand for leverage by longs (buyers), whereas a negative rate indicates that shorts (sellers) are seeking additional leverage.
Notice that the weekly funding rate for most coins fluctuates between 0.2% and 0.4% per week, signaling a slightly higher demand for leverage among longs. However, during bullish periods, this metric can easily surpass 4.3%, which is not presently the case for any of the top seven coins in terms of futures open interest.

Currently, the influx of retail participants in this cycle remains elusive, particularly in terms of new entrants displaying excessive optimism. While some analysts point to the trend of the Coinbase app, it’s essential to consider that Binance is currently under scrutiny from regulators, with its founder Changzeng Zhao facing potential legal issues. Consequently, existing retail traders may have migrated from offshore exchanges to Coinbase, rather than heralding a new wave of crypto enthusiasts.

Q 金属纪念币 比特币 纪念章旅游纪念币-阿里巴巴
The Surge in Bitcoin Price: Unveiling the Factors Behind Today’s Rally

Introduction:

In today’s dynamic financial landscape, the surge in Bitcoin prices has captured the attention of investors and enthusiasts alike. Bitcoin (BTC), the world’s leading cryptocurrency, witnessed a remarkable uptick, soaring over 4.2% to reach $43,671 in the latest trading session. This unexpected movement has prompted a wave of speculation and analysis, with experts delving into the underlying factors contributing to this surge.

Institutional Investor Interest

One of the primary catalysts behind today’s surge in Bitcoin prices is the heightened interest from institutional investors. Institutions are increasingly recognizing the potential of cryptocurrencies as a valuable asset class, and Bitcoin, being the pioneer in the space, is reaping the benefits. The prospect of large-scale institutional adoption is injecting confidence into the market and driving prices upwards.

Anticipation of Bitcoin Spot ETF Approval:

A significant driver for the recent surge is the widespread speculation surrounding the approval of a Bitcoin spot ETF (Exchange-Traded Fund). Investors and traders are eagerly anticipating regulatory approval in 2024, which could open the floodgates for increased participation from traditional financial institutions. The mere possibility of a Bitcoin ETF has sparked a renewed sense of optimism among market participants, leading to heightened demand and, consequently, a surge in prices.

Overall Positive Market Sentiment:

Beyond specific catalysts, the overall market sentiment is playing a crucial role in Bitcoin’s recent price rally. Investors are expressing optimism about the broader developments in the cryptocurrency space, and this positive outlook is translating into increased buying activity. Favorable macroeconomic conditions, coupled with a general sense of enthusiasm about the potential of blockchain and digital assets, are contributing to the overall bullish sentiment.
A notable factor behind Bitcoin’s surge today is the influx of capital into the cryptocurrency market. Both retail and institutional investors are displaying an increased interest, leading to heightened liquidity and an expansion of market capitalization. This inflow of capital is not exclusive to Bitcoin but is permeating throughout the cryptocurrency market, with Bitcoin, as the pioneer, leading the surge.

Conclusion:

In summary, today’s surge in Bitcoin prices is the outcome of a convergence of diverse factors. Institutional adoption, anticipation of a Bitcoin spot ETF, positive market sentiment, the ripple effect from Ethereum, and an influx of capital collectively contribute to the remarkable rally. As the cryptocurrency landscape continues to evolve, stakeholders and enthusiasts will closely monitor these variables to decipher the trajectory of Bitcoin’s future prices. The interplay of these factors underscores the dynamic nature of the cryptocurrency market, where a myriad of influences shape its trajectory.

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