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URPD metric indicates a lack of liquidity for Bitcoin below $60,000 Holding Bitcoin has been unprofitable only on these days Glassnode and Coinbase report: Bitcoin maintains unique market path with low correlation to S&P 500 BITB, Bitwise’s BTC ETF, experiences first outflow since launch Grayscale witnessing a double halving as Bitcoin holdings fall to 310k
ECB Rate hike verdict is 50bps, Bitcoin stands firm just below $25k ECB Rate hike verdict is 50bps, Bitcoin stands firm just below $25k James Van Straten · 1 year ago
Insights Macro

ECB Rate hike verdict is 50bps, Bitcoin stands firm just below $25k

ECB raised the deposit facility rate from 2.5% to 3%

James Van Straten / @jvs_btc / Mar. 16, 2023 at 1:20 pm UTC

Quick Take

  • The ECB raised the deposit facility rate by 50 bps to 3%.
  • Before the collapse of SVB and the fallout of Credit Suisse, markets were expecting a 50bps rate hike from the ECB; however, moments before the decision, markets saw a 35% probability of a 50bps hike.
ECB Deposit Rate: (Source: Fred)
ECB Deposit Rate: (Source: Fred)
Currencies: (Source: Trading View)
Currencies: (Source: Trading View)
Analyst

James Van Straten

Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Latest Insights
URPD metric indicates a lack of liquidity for Bitcoin below $60,000

URPD metric indicates a lack of liquidity for Bitcoin below $60,000

Data via 17 hours ago
Holding Bitcoin has been unprofitable only on these days

Holding Bitcoin has been unprofitable only on these days

Data via 20 hours ago
Glassnode and Coinbase report: Bitcoin maintains unique market path with low correlation to S&P 500

Glassnode and Coinbase report: Bitcoin maintains unique market path with low correlation to S&P 500

Data via 21 hours ago
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Dial H for Halving: Unpacking the technicalities of Bitcoin’s halving

Andjela Radmilac · 4 days ago

CryptoSlate's latest market report dives deep into the Bitcoin halvings, exploring its technical underpinnings, the historical context of previous halvings, and their long-term impacts on the network.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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