The US Federal Reserve and FinCEN are proposing to lower the thresholds for any transfers outside the US from $ 3,000 to $ 250. The proposal will also expand the definition of "money" to include cryptocurrencies. #cryptocoffee

Alibaba Founder Jack Ma: Digital Currencies Can Create Value
https://cryptopotato.com/alibaba-founder-jack-ma-digital-currencies-can-create-value/

Someone Just Transferred $1.15 Billion (0.4% Of Total Bitcoins) for $3.6 Fees
https://cryptopotato.com/whale-alert-1-15-billion-0-4-of-total-bitcoins-transferred-for-3-6-fees/

BTC Price Analysis: Bitcoin Weakens As Wall Street In Deep Red, Is $14K Target Intact?
https://cryptopotato.com/btc-price-analysis-bitcoin-weakens-as-wall-street-in-deep-red-is-14k-target-intact/

Bitcoin-Friendly Avanti Receives License to be The Second Crypto Bank in The US
https://cryptopotato.com/avanti-gets-banking-license/

UK Citizen Allegedly Used Bitcoin to Facilitate ISIS Members Prison Breaks
https://cryptopotato.com/uk-citizen-allegedly-used-bitcoin-to-facilitate-isis-members-prison-breaks/

Bitcoin is the best treasury reserve asset humanity’s ever had
You could easily lose up to 90% of your fiat savings to inflation alone in 100 years, but that would never happen with Bitcoin.

At the time of writing this article, around 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional investors. According to the data, 13 entities have amassed close to 600,000 BTC — about 2.85% of all Bitcoins and worth approximately $6.9 billion.

The list includes MicroStrategy at the top, with close to 38,250 BTC (about $450 million). The second on the list is Galaxy Digital Holdings with 16,651 BTC (about $198 million). The third, with 4,709 BTC, is the payment company Square Inc., founded by Twitter’s CEO Jack Dorsey. Separately, some companies help their clients invest in BTC. One such company is Grayscale Investments through its GBTC trust, which holds around 450,000 BTC.

Source~ Cointelegraph

#Bitcoin #Future

BTC/USD Weekly (Most important chart) : Better to look at the weekly charts if you want to take proper decisions for your portfolio.
BTC is just trading above the resistance line at $14666. Weekly close below this level could easily open doors for $13650 and $12240.
Yeah it's true. BTC needs retracements to continue with the trend. Just keep in mind BTC is very bullish in Mid and Long term. We are just getting started.

We will wait for the weekly close now and update another Weekly chart on Monday.

Stay tuned

The Biden Effect: Bitcoin Price Plunged $850 Immediately After The Announcement
https://cryptopotato.com/the-biden-effect-bitcoin-price-plunged-850-immediately-after-the-announcement/

Crypto ATMs Grew 80% in 2020. Every Hour There’s a New Machine Installed
https://cryptopotato.com/crypto-atm-grows-80-percent-2020/

Stock market news live updates: Markets soar, Dow futures add more than 1,400 points after upbeat vaccine data, Biden victory

Bitcoin Breaks Above $16K For The First Time Since January 2018: The Crypto Weekly Market Update
https://cryptopotato.com/bitcoin-breaks-above-16k-for-the-first-time-since-january-2018-the-crypto-weekly-market-update/

Still moving up in its uptrend channel