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Aquib Farooq
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📺 American YouTubers can now get paid in PayPal’s stablecoin. Looks like crypto finally arrived where it was secretly meant to be all along. In the pockets of content creators, duh.
#StablecoinRevolution
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Aquib Farooq
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These Three Metrics Show Bitcoin Found Strong Support Near $80,000 Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level. What to know: Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics. The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support. Bitcoin BTC $89,468.04 has so far bounced above $90,000, 15% higher from its Nov. 21 low of around $80,000, with price finding confluence support across three important cost basis metrics: the 2024 yearly volume weighted cost basis, the True Market Mean, and the average U.S. spot exchange-traded fund (ETF) cost basis. These metrics help to identify where investors are most likely to defend positions during drawdowns. The area of support proved vital, as it aligned closely with the average acquisition prices of multiple investor cohorts. #BTC #CryptoRally $BTC
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🚨 BIG WEEK AHEAD 🚨 - Tuesday, Dec 16: Unemployment Rate & Nonfarm Payrolls - Thursday, Dec 18: CPI & Initial Jobless Claims - Friday, Dec 19: Bank of Japan Interest Rate Decision EXPECT VOLATILITY! ⚠️
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