Bitcoin trends higher in the last few days as it approaches the mid area around its current levels. The benchmark crypto has seen some relief in the past days but seems unlikely to fully reclaim its previous bullish momentum. Related Reading | Data: Bitcoin Long-Term Holder Supply Has Stagnated Since October High At the time of writing, Bitcoin trades at $42,500 with a 4% profit in the last day and a 12% profit over the last two weeks. As NewsBTC has been reporting, Bitcoin seems to be reacting to the U.S. Federal Reserve (FED) shift in monetary policy and the armed conflict between Russia and Ukraine. The financial institution announced a rate hike of 25 basic points (bps) for the coming months. This increment meets market expectations. No major announcement is expected from the FED in the short term. As for the armed conflict, attempts to reach a diplomatic solution have failed, with no clear winner on the battlefield. The parties seem to be at a stalemate. This tense calm has moved to the market and the uncertainty could lead Bitcoin into further consolidation between its current levels, and the high area around $30,000. In support of this thesis, Arcane Research records no major movements in Open Interest (OI) for the BTC-based derivatives sector. This metric has remained stable at around 360,000 BTC and 380,000 BTC since the start of 2022. As seen below, the OI for BTC futures has been moving sideways along the price of Bitcoin, as it registers a decrease in volatility. In other words, the BTC market could be experiencing a period of low activity which suggests no important trends in either direction. The Last Time Bitcoin Open Interest Hinted At Consolidation The 30-day volatility for Bitcoin OI futures, as Arcane Research reported, saw a 1% low in March, and has trended a bit higher in the last two weeks. The metric currently stands at 1.5%. The research firm claims current trading activity has been lower than during a similar period of consolidation in 2021. Arcane Research added: Overall, the BTC denominated open interest remains relatively lofty at 370,000 BTC. We’ve rarely seen open interest being maintained at such levels for such a long duration without any major squeeze setbacks such as those experienced during the spring and fall bull markets and bitcoin’s short squeeze in July. Additional data provided by Santiment indicates Bitcoin’s supply on exchanges has been trending down as the price of BTC consolidates. In June 2021, this metric saw a 6-month low as the market recovered from bearish price action. As BTC’s price moved further up, the supply followed, but the cryptocurrency managed to score a new all-time high near $70,000. Related Reading | Ethereum Classic Gains 60% In One Week, Why The Merge Could Push Its Price Higher The chart below could be hinting at a similar trend as supply on exchanges decreases, and the price consolidates.

Why don’t we have a little delve into why science people reckon our brains get into oddly deep but also stupid thought territories while we are stoned?

The post Stoner Thoughts. What Are They? first appeared on Cannabis Seeds News.

Throughout the COVID-19 pandemic, the internet and social media helped us connect with our coworkers, friends, and loved ones during times of extreme isolation.

We spoke to Margaret Zablocka, founder of Onoco, about her motivations behind building Onoco and exciting plans for the future. 

The post Meet the founder of Onoco appeared first on Seedrs Insights.

Live performance of any kind can be a daunting, stressful and strenuous activity. This is the case for any type of performance; if you’re an athlete performing in the Olympics, if you’re a musician on tour, if you’re an actor on set or onstage, if you’re a soldier fighting in a war, or if you’re […]

The post Live Performance and Drugs: The Art of Confidence appeared first on CBD Testers.

Central banks playing catch-up The global economy is facing an incredible amount of uncertainty at the moment which is continuing to drive the volatility we’re seeing in financial markets. Whether it’s uncertainty around inflation, interest rates, commodity prices, Covid or Ukraine, the growth outlook has become extremely unclear and is constantly subject to significant revisions. […]

EURUSD struggles over recession risk The euro treads water as talks of recession simmer. The pair found support following the ECB’s pledge to reduce its stimulus, paving the way for an interest rate hike before the end of the year. However, sentiment remains cautious due to Ukraine war developments. Hints of progress in peace talks […]

The post The Week Ahead – Central Banks Go Hawkish Despite Instability appeared first on Orbex Forex Trading Blog.

Welcome to Next Week on Xbox! In this weekly feature we cover all the games coming soon to Xbox Series X|S, Xbox One, Windows PC, and Game Pass! Get more details on these upcoming games below and click their profiles for more details (release dates subject to change). Let’s jump in! Kraken Academy – March […]

Critical Purple autoflower seeds are a triple-threat hybrid of renowned strains Critical Mass and Big Bud, backcrossed with a ruderalis. With parents like those,...

Now that The Quarry has officially been announced, I’m hugely excited to share what I and the rest of the team at Supermassive Games have been working on. Our next chilling, cinematic horror game takes place at an idyllic summer camp called Hackett’s Quarry. On the last night of camp, our cast of teenage counselors […]

Oil continues its decline, dropping below $100, and it’s now more than 27% below recent highs. With Russia and Ukraine leaders reportedly discussing a possible ceasefire, the sell-off continued. There’s also a focus on the price of natural gas after lofty highs like to take a breather as we close in on the weekend. Timestamps: […]

The post StockWatch: Oil Drops Below $100, Is this the Calm Before the Storm? appeared first on Orbex Forex Trading Blog.

The Fortnite Champion Series Chapter 3 Season 1, which started a couple of weeks ago, has finally reached its climax with players from various...