{"id":509927,"date":"2022-11-14T20:14:00","date_gmt":"2022-11-14T17:14:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/turbulence-for-blockchain-industry-despite-strong-bitcoin-fundamentals-report\/"},"modified":"2022-11-14T20:14:00","modified_gmt":"2022-11-14T17:14:00","slug":"turbulence-for-blockchain-industry-despite-strong-bitcoin-fundamentals-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/turbulence-for-blockchain-industry-despite-strong-bitcoin-fundamentals-report\/","title":{"rendered":"# Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26bd133c658\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26bd133c658\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/turbulence-for-blockchain-industry-despite-strong-bitcoin-fundamentals-report\/#%E2%80%9D_Turbulence_for_blockchain_industry_despite_strong_Bitcoin_fundamentals_Report_%E2%80%9C\" >&#8221; Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/turbulence-for-blockchain-industry-despite-strong-bitcoin-fundamentals-report\/#Another_positive_Bitcoin_signal\" >Another positive Bitcoin signal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/turbulence-for-blockchain-industry-despite-strong-bitcoin-fundamentals-report\/#The_Cointelegraph_Research_team\" >The Cointelegraph Research team<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Turbulence_for_blockchain_industry_despite_strong_Bitcoin_fundamentals_Report_%E2%80%9C\"><\/span>&#8221; Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-e13e51fa>In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case?<\/p>\n<p>The past few months have seen Bitcoin hitting high-water marks including all-time high long-term holder rates and local highs in hash rate difficulty adjustment\u00a0\u2014 yet Bitcoin is still in bearish conditions as we head into Q4 of 2022. <\/p>\n<p>Not all areas of the blockchain industry can boast such signals of strength, such as venture capital (VC), which brought in $840,000 in October, down 48.6% from the previous month. Likewise, there has been a continued drop in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Fi nonfungible token sales, even with 10% more active gamers in October than in September. <\/p>\n<p>All the while, regulation continues to be a looming threat from entities like the United States Securities and Exchange Commission, which is now looking into the possibility that\u00a0Ether (ETH) is a security given that 46.65% of Ethereum nodes are in the United States. <\/p>\n<p class=\"post-content__accent post-content__accent_small\"><em><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">Download<\/a> and purchase this report on the Cointelegraph Research Terminal.<\/em><\/p>\n<p>Every month, Cointelegraph Research releases an Investor Insights report that analyzes key indicators from different sectors of the blockchain industry, such as regulation, crypto mining, security tokens, Bitcoin and Ether\u00a0derivatives, and VC activities. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Another_positive_Bitcoin_signal\"><\/span>Another positive Bitcoin signal <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin is trading above its 50-day moving average (MA), with the 100-day MA acting as resistance and the moving average convergence\/divergence (MACD) histogram signaling a bullish trend. On-chain data and historically accurate metrics suggest a bottom may be near. Furthermore, the MVRV-Z score has been in the green zone since late June, suggesting Bitcoin is bottoming out. <\/p>\n<p>Post-Federal Open Market Committee (FOMC) volatility was brief on Nov. 2, with the trading range consolidating around the $20,000 level. Apart from the FOMC, volatility could come in the wake of the U.S. midterm elections and Q3 earnings from crypto behemoths MicroStrategy, Coinbase, Block and Robinhood, all of which occur in November.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/05e78b81-7b18-41ed-b7bf-bf8f764f4c71.png\"><\/figure>\n<p>Bitcoin\u2019s fundamentals are still strong, and the asset that started it all for crypto will likely help keep the industry ultimately on course through the rest of the bear market, even though it may face some volatility along the way. But thankfully, 1 BTC continues to equal 1 BTC.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Cointelegraph_Research_team\"><\/span>The Cointelegraph Research team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cointelegraph\u2019s Research department comprises some of the best talents in the blockchain industry. Bringing together academic rigor and filtered through practical and hard-won experience, the researchers on the team are committed to bringing the most accurate and insightful content available on the market.<\/p>\n<p>Demelza Hays, Ph.D., is the director of research at Cointelegraph. Hays has compiled a team of subject matter experts from across the fields of finance, economics and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to bring to the market the premier source for industry reports and insightful analysis. The team utilizes APIs from a variety of sources in order to provide accurate and useful information and analyses. <\/p>\n<p>With decades of combined experience in traditional finance, business, engineering, technology and research, the Cointelegraph Research team is perfectly positioned to put its combined talents to proper use with the Investor Insights Report. <\/p>\n<p><em>The opinions expressed in this article are for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/turbulence-for-blockchain-industry-despite-strong-bitcoin-fundamentals-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report &#8220; In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case? The past few months have seen Bitcoin hitting high-water marks including all-time high long-term holder rates and local highs in hash rate&#8230;<\/p>\n","protected":false},"author":1,"featured_media":509928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMGUxOTYwODAtNjY0NS00NTYyLWE3NDUtNTcyOTNkZGM5M2U5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,73711,61514,71745],"class_list":["post-509927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-investments","tag-research","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/509927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=509927"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/509927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/509928"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=509927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=509927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=509927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}