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Historic Brazilian Bill Regulating Crypto Heads to Senate Vote

Following approval by the Senate plenary, the bill will need to pass Brazil’s lower house before President Bolsonaro veto’s or approves

Source

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BTC Miners to Exchange Flow (7d MA) reached a 5-year low of 1.982 BTC
Total Stablecoin supply crossed 180 billion
#NEAR

! High Risk !

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Published 14.03.2022, 4:35 p.m (UTC +3) by sergionpank

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Bitcoin supply on exchanges hits 39-month low as long-term holders’ balances soar
Solana joins list of networks supported by Coinbase wallet - source
Largest outflows in 2022 - over 180k $ETH was withdrawn from centralized exchanges within a single day
According to Glassnode, the current Bitcoin balance on exchanges has reached a new low of about 2.5 million in the past three years
BlockFi confirms unauthorized access to client data hosted on Hubspot - source
Fantom Ecosystem
#FSN

! High Risk !

Just bought. FSN likes PnD

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Published 19.03.2022, 9:03 p.m (UTC +3) by sergionpank

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#1INCH

! High Risk !

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Published 27.03.2022, 8:00 a.m (UTC +3) by sergionpank

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#sILV2

! High Risk !

It is a escrowed ILV from staking rewards. Staker has 2 options: lock rewards for 12months and get it in ILV or claim now in sILV2. sILV2 will be used for buying lands and in the game the same as ETH or simple ILV 

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Published 27.03.2022, 10:00 p.m (UTC +3) by sergionpank

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What side you choose?

S&P500, NAS100 and US30 are showing weakness on weekly charts, they bounced down from 0.618-0.86 fibo levels and today weekly candles gonna be closed. it might cause continuation of descending trend next week.

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Buying rumors, Selling News. Am I right?

According to Bloomberg a 50-day correlation coefficient for Bitcoin and gold is around minus 0.4, the lowest since 2018. For now, Bitcoin remains tightly correlated with the Nasdaq 100 index. The Nasdaq 100 is down about 15% this year, while bitcoin has shed some 16%.

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Is there a Hope?

What a last few days of week it was.
US stock indexes are fell down, someone may say completely manipulative move.

But BTCUSDT was holding positions strong compare to S&P500. On a weekly chart its forming Hammer candle, which normally showing the reversal of the market.

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The market outlook

To understand the possibility of big moves of crypto market lets look at Stock one.

S&P500 is the main "indicator" of market sentiment. Here is a weekly chart of S&P500 to GSCI(Goldman Sachs Commodity Index). The S&P GSCI is a world-production weighted index that is based on the average quantity of production of each commodity in the index, over the last five years of available data. This allows the S&P GSCI to be a measure of investment performance as well as serve as an economic indicator.

Every time the index touches the "demand area" - green rectangle - stock market crashes. Its a weekly chart, the index is around "supply area" nowadays, also its near the upper line of parallel channel, with the possibility to go down till the middle or lower line.

What it means for markets - big sell offs may occur.

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Technical analysis or Hope?

Do you remember how many good news was from March to May 2021? Nowadays are pretty similar situation, but still so small positive impact on BTC price.

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IMPORTANT ANNOUNCEMENT!

Dear subscribers, we would like to inform you that the CryptoPing project was closed. However, we have some exciting news to share! We are transitioning to Discord and rebranding under the name MRY. You can find us at https://mry.vc/.

On our website, you can purchase a member NFT that offers a one-year subscription to our private community of world-class investors, as well as ongoing and historical market reports. You can find the guide here > https://mry.gitbook.io/mry/

Don't miss out on this opportunity to join our new community on Discord!

At your request, we have left one chat open on Telegram, and all other chats and channels, including this one, will be deleted soon.

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