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Microsoft will create a cryptocurrency wallet for Xbox (or not🙂).

Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.

Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.

In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎
🟠 Binance conducted its 10th Proof of Reserves audit, confirming that the exchange's assets are more than 100% secured.
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🤑 Global currencies against the U.S. dollar over the last 10 years: 

🇻🇪: -99.9%
🇦🇷: -98.3%
🇹🇷: -92.6%
🇷🇺: -66.7%
🇧🇷: -55.4% 
Bitcoin: +21,369% 🚀
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Tron - is the most used blockchain in the world when looking at networks through the number of active users

Tron has 1.08 million users, bitcoin network is actively used by 917,123 users, Ethereum lags behind almost 3-4 times (319,648 users)
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🗓 The month of september
closed with a green return
after 7 years since 2016
.

👉🏻 October is historically one
of the most bullish months
for Bitcoin
❗️🥇
📈 BREAKING: For the first time in history, total US Federal debt crosses $33 trillion.

💵 Since the debt ceiling “crisis” the US has added $1 trillion in debt per month.

🏦 Over the last 5 years, the US has added a total of $11.5 trillion in debt.
Microsoft will create a cryptocurrency wallet for Xbox (or not🙂).

Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.

Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.

In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎
What is a brain wallet?

A “brain wallet” is a method of cold storing crypto... in your head. Yes, there is such a thing, too 🙂

In order to create a brain wallet, you must come up with and memorize a lengthy phrase (at least 8 words), which is then hashed, from which you can derive the public and private wallet keys.

By using “brain storage,” you can keep this sentence entirely in your head and avoid having to write it down anywhere.

It’s a fun yet unsafe way to work with crypto:

▪️ First, to put it mildly, if something happens to the user’s brain, access to the wallet is lost forever.
▪️ Second, the phrase can be forgotten.
▪️ Thirdly, such phrases are much easier to hack than our usual seed phrases of 12 or 24 random words.

But there are also advantages:

You definitely don’t have to fear that someone will find your seed phrase written on a piece of paper and steal your crypto 😅

However, we must repeat: This is an unsecure method of storing crypto, and we don’t recommend it.
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What is a bear hug?

When a company makes an offer to buy a company at a very generous price—clearly above its market valuation—this is a “bear hug.”

Let’s look at an example:

Company A is going through a bad time, and its stock price is falling (a bear hug usually happens during such periods). Company B comes along and publicly, without prior negotiations, makes an extremely generous offer to acquire the company.

What happens next:

Shareholders, who are interested in profits, start pressuring the company’s management to accept the offer (if the company is sold at a high price, its stock will rise).

What’s more, management is legally bound to strive to extract the maximum profit for shareholders, and if they refuse, shareholders can easily take the company to court.

One last step:

If a bear hug works, the acquiring company will replace the management team of the “victim” of the hug.

Does this happen in crypto?

Of course it does!!! One prime example is when Elon Musk bought Twitter (after all, Twitter is an important part of our industry, just like Musk himself).

Musk started buying up Twitter shares in early 2022 and was aiming to become the largest shareholder.

He went on to sign a deal to buy Twitter for $44 billion while promising to improve Twitter’s policies on content moderation, promotion, and transparency.

In October 2022, Musk finalized the deal and became the owner of the company. This move was followed by the firing of top managers and then many other employees.

Typical bear hugs 🐻
BTC/USD

I see no reasons to be bullish short term.

> Clean rejection at 28k
> New Lower High formed

Close below 27k = Break in MS
IF break in MS, THEN expect lower.
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Binance currently has more than 380 assets trading on the exchange, but many of them are illiquid.

The lion's share of trade volume remains concentrated within the top 10 altcoins — link
🤨 A decrease in $BTC dominance - what does it mean?

Bitcoin dominance is one of the key metrics I closely monitor. When this indicator is rising, it signifies money flowing from altcoins into $BTC, and vice versa. It's a highly reliable market oscillator.

After reaching a two-year high around 52.1%, $BTC dominance has started to correct and is currently in a downtrend. During this correction towards the 48.5 - 50% range, altcoins are likely to experience powerful pumps, as was the case at the end of last year.

I'm confident that in the next 2-3 months, altcoins will deliver significant growth and substantial profits. That's why I plan to acquire more coins using my $BTC.

🍴 I'm preparing more trade opportunities, and I'll share them with you shortly. Stay tuned!
💁6 months before the Bitcoin halving – are you ready for the bull market?

Look at the screenshot from 2019. Anyone could have bought BNB or MATIC and turned $100 into $10,000. No one knew what is BNB or MATIC back then.Now is 2023. Do you know what LayerZero or Venom is?

Follow AltLex to not miss the bull run profits – https://t.me/+L-DumrqRKgE4N2Fl
TOP GAINER ANALYSIS: $CREAM

The price surged vigorously from the horizontal support and broke through the descending trendline. Notably, all the Exponential Moving Averages (EMAs) are now serving as support.

This bullish momentum is anticipated to persist, as it continues to gather strength and displays a robust outlook.
The stark contrast between #Bitcoin  and #Ethereum whales.

ETH Whales: 1k ETH or greater, all in a massive downtrend. In the space of a year, we've seen 12M ETH offloaded, since 2020, its 20M ETH.

#BTC  Whales: 1K BTC or greater, all in an aggregate uptrend to flat. Offloaded some profits from 2021 or scared of FTX collapse. But resumed accumulation this year.

Significant sell pressure is coming and persistent for #Ethereum
💻 Analyzing the $BTC situation

Over the weekend, market volumes were extremely low, allowing sellers to attempt a retest of the nearest support level at $27,300. However, this attempt was unsuccessful, and Bitcoin continued to trade within the interest range over the weekend.

The support at $27,300 has proven to be quite robust. Additionally, on the 1D chart, we can observe an ascending triangle, with its lower boundary also preventing any downward price movement

In the current conditions, the bullish scenario remains the most likely. As before, in the next week or two, I expect $BTC to establish itself above $28,000, followed by a move toward $30,000.

📈 Breaking through this level will confirm the long-term uptrend.
$OP When fixed on the hourly and confirmed, it is possible to go to the test: Ema to (0.5) Fibonacci when securing from (0.2) stops are thrown behind the local loy 👀☝🏻
🤨 A decrease in $BTC dominance - what does it mean?

Bitcoin dominance is one of the key metrics I closely monitor. When this indicator is rising, it signifies money flowing from altcoins into $BTC, and vice versa. It's a highly reliable market oscillator.

After reaching a two-year high around 52.1%, $BTC dominance has started to correct and is currently in a downtrend. During this correction towards the 48.5 - 50% range, altcoins are likely to experience powerful pumps, as was the case at the end of last year.

I'm confident that in the next 2-3 months, altcoins will deliver significant growth and substantial profits. That's why I plan to acquire more coins using my $BTC.

🍴 I'm preparing more trade opportunities, and I'll share them with you shortly. Stay tuned!
👣 What's next for the crypto market?

Last night, $BTC dipped below $27,000 and even tested $26,500. Meanwhile, the top altcoin market hasn't reacted significantly, holding above their support levels (for Ethereum, it's $1,550).

At the same time, low-cap altcoins are showing double-digit gains. $CREAM (+20%), $LOOM (+14%), $BNX (+11%). This indicates strong buying volumes in this market.

It's evident that during $BTC decline, we shouldn't expect strong pumps. Yet, when Bitcoin enters a consolidation and accumulation phase, it will be an excellent time to kickstart altseason.

There's a possibility that the most effective tokens of this cycle haven't been released yet. This is why it's crucial to keep undistributed reserves and prepare for future opportunities.

💻 I'm continuously monitoring the market, and as soon as we get confirmation of a local growth phase, I'll provide an update.
Meet Ambrosus (#AMB) 🤝

Many may not believe it, but back in 2017 this token was worth 32$ 😅

At the same time on large centralized (CEX) it appeared only recently. On Binance, for example, only in March.

However, let's not indulge in reminiscence and consider the immediate prospects of this coin.

I believe that the price will not go too deep under the volume profile, because there is ATL nearby, and the market maker does not need an extra wave of panic - seals, because he started buying at current prices.

It seems to me that the range of 0.00619 - 0.00687$ is the minimum boundary, from which it will be possible to catch a perfect reversal movement.

I put a couple of limits there for 1% of the deposit (I don't recommend taking more) 💼