KPMG Canada Adds Crypto to Its Balance Sheet. Thoughts on the market as of 08. 02. 2022

Bitcoin worked out the priority option from yesterday's review during the day. It successfully consolidated above 43K.

Total Crypto Market Capitalization $2.01 Trillion,
BTC Dominance index: 41.8%,
Fear index: 48.

Stock indices didn't move much yesterday. Dow Jones remained unchanged, Nasdaq fell 0.58%, S&P 500 fell 0.37% to close at 4483. Meta (FB) continues to fall, yesterday the asset fell by more than 5%. The market is reacting to the fact that for the first time the number of active users in the social network has decreased, as well as to the conflict with the European Union over the protection and transfer of data.

Bitcoin rallied to 43K, reaching levels where it has not been since the beginning of January. Ethereum confidently entrenched above 3000, the market capitalization has overcome the important level of 2 trillion. The fear index returned to the neutral zone, where it had not been for more than a month.

For further growth, Bitcoin needs to consolidate above $45K, which I see as a priority option for today. An alternative option is a decline towards 41500 for refueling, followed by movement in the range for some time.

Interestingly, KPMG (one of the “big four” audit companies) has invested in Bitcoin and Ethereum. KPMG Canada through their official twitter handle wrote “We have just completed an allocation of #cryptoassets to our corporate treasury, our firm’s first of its kind investment in the asset class. This includes Bitcoin and Ethereum tokens, and carbon offsets to maintain a net-zero carbon transaction:” Talked about carbon credit yesterday, coincidentally. A new bitcoin-linked ETF by the name Valkyrie Bitcoin Miners ETF received approval yesterday for listing on the Nasdaq exchange, according to a Monday filing with the Securities and Exchange Commission. With this allocation, KPMG joins the ranks of major companies holding crypto on their balance sheet. The group includes software company MicroStrategy (MSTR), electric car giant Tesla (TSLA) and payment firm Square (SQ).

What are carbon credits? It's a permit which allows a country or organisation to produce a certain amount of carbon emissions and which can be traded if the full allowance is not used. I shall write about this sometime about its effect on crypto. Make sure you part of telegram channel https://t.me/decryptedge will post it here.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

US Seizes 94,636 Bitcoin From 2016 Bitfinex Hack in 'Largest Crypto Seizure to Date' — 2 People/ Couple Arrested. Thoughts on the market on 09.02.2022

The Department of Justice (DOJ) announced Tuesday that the U.S. government has seized stolen cryptocurrency directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex.

According to the announcement, this is the DOJ’s “largest cryptocurrency seizure to date, valued at more than $3.6 billion” at the time of the seizure. At the time of writing, the value of the BTC seized is more than $4 billion.

The Department of Justice wrote: Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack. Two people — Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31 — have been arrested for “alleged conspiracy to launder $4.5 billion in stolen cryptocurrency” from the Bitfinex hack. Specifically, court documents show that they “allegedly conspired to launder the proceeds of 119,754 bitcoin” that were stolen from the cryptocurrency exchange. Going by their social media profiles, Heather Morgan, verified twitter handle reads, Serial entrepreneur, #SaaS Investor, Surrealist Artist, Rapper & Fashion Designer with synesthesia, Also #Forbes writer! Nickname “Dutch” Ilya Lichtenstein LinkedIn in profile reads, Technology entrepreneur, coder and investor. Interested in blockchain technology, automation, and big data. Looks can be indeed deceiving,

The decline of Meta (FB), the reasons for which were discussed yesterday, continues, even in a growing market. TESLA, in its annual report, which was filed with the SEC on Feb. 7, confirmed ownership of $1.99 billion worth of Bitcoin and said they believe in the long-term potential of digital assets, both as an investment and as an alternative to fiat. No mention of Dogecoin. The reporting season continues, reports from Disney, UBER, CME Group will be released today. the

Bitcoin's overnight rally ended just above $43,00 followed by a slight correction and stall at around $43K. For today, an attempt to take $45K is a priority option. In case of an unfavourable external background, price may drop below the support area at $43,000- $42700.

Lastly, two comments stood out for me today, first by the FBI Deputy Director Paul M. Abbate who stated “Today’s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead.” and secondly by Deputy Attorney General Lisa O. Monaco: “Today’s arrests, and the department’s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals.” Quite a huge contrary on what is peddled out by the mainstream media. I rest my case.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy: #blockchain #cryptocurrency #socialmedia #digital #research #hacking

Kenya’s CBK Calls for Comments on CBDC’s as Russia to Regulate Crypto, Dispelling Fears of Ban.

Thoughts on the Crypto market on 10.02. 2022

Bitcoin has moved within the range of $43,300- $44,800 and an attempt to take $45K has not yet been successful.

Total Crypto Market capitalisation $2.02 Trillion,
BTC Dominance Index 41.4%,
Fear index 50.

There is data today on US inflation, as well as data on the labor market. Inflation will clearly be above 7%, and this will put pressure on the markets, as it may lead to an increase in the rate in March by 0.5% at once. This negative data on the labor market can slow down this process, which is already positive for the wall street markets.

With Bitcoin failing to take on $45K, a refuelling trip to 41500 is possible. The priority option for today is Bitcoin in the previous range with support at $43,300- $42,800 and resistance at 44800-45000, next attempts to consolidate above $45K is a low probability.

Yesterday, the news of the day was the approval by the government of the Russian Federation on the regulation of cryptocurrencies. Instead of banning cryptocurrencies, the Russian government has decided to regulate them, legitimising a $2 trillion asset class in the world’s 11th-largest economy. For all to take effect, it is necessary to adopt some bills, amend the Criminal Code and the Code of Administrative Offences, as well as the law on the CFA. One would need to know what are the effects of BTC being declared a currency?

El Salvador is going to issue Bitcoin bonds for 1 billion. Half of the funds raised are going to be used to buy Bitcoin, and half to build infrastructure for mining. Speaking on a local news program, finance minister Alejandro Zelaya said that the government is planning to have the bond “totally ready” for issuance between March 15 and March 20. “If we really want to build this country, we have to invest in it like this,” Zelaya said. Zelaya confirmed that the government is still planning to issue $1 billion for the first bond, as previously mentioned during a November 20 event. However, Zelaya said during the show that he now expects the bond to be oversubscribed by about $500 million, at least. While crypto enthusiasts are excited about the bonds and presumably will want to buy them to leave their mark on history, other financial experts have raised questions about whether they are a good investment and will attract a sufficient amount of investors.

Discussion Paper on Kenya’s Central Bank Digital Currency is out. The discussion paper is part of CBK’s initiatives to ensure informed policy review regarding financial sector innovations. CBK invites the public, industry and stakeholders to review this discussion paper on CBDC and provide feedback and ideas to be considered when assessing the use case for CBDC in Kenya. If interested to give your feedback do so here: https://forms. office.com/r/2UB3cVRzK2

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

Crypto exchange #Binance to take $200m stake in Forbes as Legendary Investor Bill Miller’s Says Bitcoin Position Is ‘Very Big’

Thoughts on the market on 11.02. 2022

Bitcoin again tried to take $45K, and successfully fixed above $45,840. A sell off ensued and price dropped back to $ 43,000-43,100 where it's currently being traded.

Total Crypto Market capitalization $1.95 Trillion,
BTC Dominance index 41.8%,
Fear index 50.
Dollar Index is rising and is above 95.8(Bearish sign for Bitcoin in the medium term)

Inflation data came out higher than expected, which makes a 0.5% rate hike more likely, hence the reaction of the markets. Bitcoin worked out the priority version of yesterday's review. The priority option for today is the movement of Bitcoin in the range of 42700-45700, with a possible correction to $41500. An alternative option is a successful capture of 45K with a fixation above.

Medium-term perspectives of Bitcoin here: https://t.me/decryptedge/952

Binance Exchange bought a $200million stake in Forbes, In a statement announcing the investment, Binance founder Changpeng 'CZ' Zhao said he saw media as "an essential element to build widespread consumer understanding and education" of the crypto market and emerging blockchain technologies. The Chinese Canadian billionaire, whose net worth is estimated to be nearly $100bn, later took to Twitter to clarify his comments, saying his focus was on helping Forbes build out its technology and calling Forbes' editorial independence "sacrosanct".

Lastly, Billionaire Bill Miller, The man who holds the record for most years outperforming the S&P 500 is deeply invested in bitcoin. In a Wednesday interview, he stated that holding bitcoin is akin to having insurance against financial catastrophe, echoing comments he made last month as he disclosed that bitcoin comprised half of his fortune. Further explained that bitcoin doesn’t account for 50% of his portfolio any longer given the digital currency’s price decline over the past couple of months. However, he said his allocation to bitcoin still is “very big.”

Confluence for growth is albeit convincingly high and one may take a contrarian view for a major shakedown to $19K. Following and completion of the medium term perspective.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

Intel is Entering the #Blockchain Mining market with Upcoming Hardware Capable of Generating Bitcoin as DEX(Decentralized Exchanges) Bans 10 Countries.

Thoughts on the market on 12.02. 2022

Bitcoin has been declining for the last 24 hours. First, to the lower border of the trading range, then a correction to $41,700, it's now trading around $42,300.

Total Crypto Market capitalization: $1.89 Trillion,
BTC Dominance Index: 42.4%,
Fear index: 44.

Geopolitical tensions have been added to the reaction to inflation and the extraordinary meeting of the Fed, which is scheduled for Monday. The topic of Russia's imminent invasion of Ukraine seems to be getting inflated. Markets relatively calmly greeted the news of an extraordinary meeting of the Fed, but against the backdrop of reports of the evacuation of embassies, the closure of airspace and other horrors, resulted in a significant fall.

The Fed faces a problem that has no solution. On one hand, inflation of 7.3% (perhaps the figure is significantly underestimated) requires an increase. On the other hand, a debt of 30 Trillion. makes the rate hike too costly to service the debt. Lastly on the third hand, coming November, elections to the Senate and Congress. If against the backdrop of all the other failures, the stock market also collapses by this time, the Democrats will have little chance of maintaining the status quo. Quite a mouthful.

Bitcoin on such an external background behaves quite steadily. Support was lost at $42,700, but the correction towards $41,500 was quickly bought out on the way to 41700. On the thin weekend market, there may be a gap towards 38K, especially if Bloomberg throws up another creative narrative about Russian tanks that are already entering Kiev. Most likely option for Bitcoin to return to the 43-45K range no later than Tuesday.

An alternative option is Bitcoin leaving below $41,500 with consolidation. We will analyze further prospects in the event of its occurrence.

Lastly to some news, PancakeSwap (a decentralized platform) has announced the blocking of users from ten jurisdictions, starting March, access for users from: Iran, Belarus, Cuba, Democratic Republic of the Congo, Iraq, North Korea, Sudan, Syria, Zimbabwe and Crimea. Such #geofencing is common on centralized exchanges, but not as widely used on their decentralized counterparts. However, the reality is that some DEX platforms have also begun to restrict access to certain IP addresses. While such restrictions are often bypassed with VPNs, many companies manage to track the use of anonymizers. But what kind of decentralization can we talk about? some scam??

Intel to Enter Bitcoin Mining Market With Energy-Efficient Hardware. Their goal is to create the most energy-efficient blockchain-mining ASIC, with minimal impact on chip supplies. Intel is working with customers that share its environmental sustainability goals for blockchain technology. “Argo Blockchain, Block (formerly known as Square) and Griid Infrastructure are among the first customers for this upcoming product. This architecture is implemented on a tiny piece of silicon so that it has minimal impact on the supply of current products. Intel also emphasized the blockchain accelerator isn't a multi-purpose GPU, but an ASIC. The company's effort will likely shake up competition in the ASIC Bitcoin-mining industry when some of the largest providers, such as Bitmain, come from China. Intel’s first blockchain-accelerator hardware is slated to begin shipping later this year. In addition, the company says it’s preparing a roadmap of “energy-efficient accelerators.” The chipmaker plans on sharing more details at the ISSCC technology conference, which runs from Feb. 20-28.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

SEC Slaps #BlockFi With $100 Million Fine, Russia Doesn’t Give 'S***' About Western Sanctions and South Korea Jails Seven Masterminds of Country's 'Largest Crypto Fraud Scheme'

The main events of the day today are an unscheduled meeting of the Fed, which was convened in connection with a record inflation for 40 years, and a meeting of the Council of the State the Russian Federation, where an appeal to recognize two regions of Ukraine. Western nations fear Moscow is preparing an invasion of Ukraine, having nearly surrounded its western neighbor with more than 100,000 troops. Biden Admin for its part is saying loudly that they think this could happen any day now, briefing Congress to say that they think Russia might be able to capture Kiev in as few as 3 days, and evacuating diplomatic personnel now to head-off any potential ugly news cycle about getting caught off guard again after Afghanistan. From an extreme, Russia's outspoken ambassador to Sweden Viktor Tatarintsev told a Swedish newspaper that Moscow "doesn't give a s***' about the threat of Western sanctions over the Ukraine crisis.
"Excuse my language, but we don't give a s*** about all their sanctions", Viktor Tatarintsev told the Aftonbladet newspaper in an interview posted on its website late Saturday.

It seems that the topic of coronavirus in the news agenda (and the agenda is formed by you-know-who) is now being replaced by the Russian threat. So far, the frenzy over the imminent Russian invasion has had an effect on British insurance companies, which have withdrawn guarantees for flights over to Ukraine. Markets have been pricing things like natural gas in Europe in parabolic fashion for months now. Also to a number of Ukrainian politicians and oligarchs, who, just in case, leave the country en masse.

A geopolitical factor has been added to the unsolvable task that the Fed faces (how to fight inflation at the same time, and serve a debt of 30 trillion, and not collapse the markets on the eve of the elections). It is quite possible that the final decision will pleasantly surprise the markets. Also, a détente of the situation around Ukraine (and sooner or later it will all end with this) can also become a positive for the market.

The S&P 500 futures are now showing a slight increase, oil is approaching 96, the dollar index is above 96. Bitcoin twice approached the resistance area at $42,700- $43,000 over the weekend, but could not overcome it and rolled back to support at 41500-41600. In case this support is lost, a drain towards $38,600- $38,200 is possible, further depending on the reaction to this level.

Consider movement of Bitcoin in the range of $41,500 - $43,000 as a priority option, with an alternative - correction to $38600 - $38200.

On to some news, #BlockFi will pay $100 million to close the issue with the SEC for running high yielding accounts that constituted unregistered securities. Lastly, Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest crypto frauds, ​​misappropriating nearly $1.9 billion in investors’ funds. Lee Byung-gul, who was the CEO of the entity when the funds went missing, was handed a 22-year jail term while his accomplices were given jail sentences that range between four and 14 years. one of the victims from the 52,419 investors that lost their funds has already committed suicide. While some of the investors did receive a portion of their funds, the report said a majority of the victims lost everything. Many of V Global’s victims were lured into the scam after they were promised guaranteed returns of more than 300% on every $5,000, or six million Korean won, that was invested. In addition to the “guaranteed” return, V Global investors that brought in new participants were promised a commission of $1,000. Source: news.bitcoin.com.

I will close with these thoughts by a former Goldman Sachs Investment Banker On 19 Jan 2022: "If [Russia] invades, they’re going to pay; their banks will not be able to deal in dollars." -Pres. Biden. Last week Russia's government and Central Bank agreed to recognize Bitcoin and crypto assets as currencies. Coincidence? Is #Bitcoin already the new global reserve currency?

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment.

The US State Department now recommends that US citizens immediately leave Belarus and Transnistria. The next date for the "Russian invasion of Ukraine" is scheduled for today or tomorrow. In the meantime the Fed left the rate unchanged until the next meeting, which will be held on March 16.

Bitcoin worked out our review for a return above $43K. For further growth, price needs to gain a foothold above $43,800. The priority option today is Bitcoin in the range of $42,800- $45,500. An alternative option is to return to the previous range of $42,800- $41,500.

Total Crypto Market capitalisation: $1.94 Trillion,
BTC Dominance Index: 42.5%,
Fear Index: 46.

The trending talk of this week is Kenya's discussion paper on the Digital Shilling or CBDC. Looking at what ECB President Christine Lagarde talked about the digital euro at the plenary session of the European Parliament Monday on the 20th anniversary, she said. “We will investigate how a digital euro could offer a convenient, cost-free means of payment, allowing people to pay anywhere in the euro area with risk-free digital money – for example, when making payments online, which preclude the use of cash,” the ECB chief continued, emphasising: In any event, a digital euro would complement cash, not replace it.

The ECB website details: “The digital euro would still be a euro: like banknotes but digital. It would be an electronic form of money issued by the Eurosystem (the ECB and national central banks) and accessible to all citizens and firms.” It adds: A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion. Source:

Striking similarities on what I believe Kenya’s CBDC is aiming to replicate or model. In summary, some benefits associated with CBDC are 1) Efficient retail payments, 2) Overcome use of banknotes for illicit payment and store of value, 3) Strengthen monetary policy and lastly 4)Sovereign money related.

If you notice this has nothing to do with cryptocurrencies, just another fintech fallacy in the name of blockchain and crypto. Kenya is already steps ahead on digital payments, think of it as the Govt running a parallel mobile payments platform. That's what CBDC is.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

“KEEP YOUR COINS ACT” Bill Introduced at US Congress! To protect Your right to self-custody #Bitcoin and transact #P2P.

Russia’s expected invasion of Ukraine as announced by the British “The Sun”, nor the expectations of the Fed's reaction to the rising inflation did not deter the markets from growing.

In Canada, a state of emergency is possible in response to the protests of truckers protesting against coronapsychosis. In addition, it was announced that the bank accounts of the protesters were going to be blocked. This will make many people think about whether the fiat in the banking system or better yet CBDC’s is your full-fledged property, or can it be considered as such very conditionally?

President of El Salvador Nahib Bukele took to twitter saying: The real war is not in Ukraine, it’s in Canada, Australia, France, Brussels, England, Germany, Italy...They just want you to look the other way. The “real war” is against vaccine mandates.

16 hours ago, U.S. Congressman @WarrenDavidson has introduced a bill that aims to protect the ability to act as a self-custodian and conduct peer-to-peer transactions by prohibiting any agency from impairing this right. The bill entitled “Keep Your Coins Act” comes in the wake of mounting concerns over crackdowns on civil liberties in Canada, as private companies and the Canadian government leverage control of the legacy financial system to disrupt ongoing protests over COVID-19 policies. If passed, the bill would prevent any agency head from prohibiting or otherwise restricting “the ability of a covered user to— (1) use virtual currency or its equivalent for such user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use; or (2) conduct transactions through a self-hosted wallet.”

Bitcoin has worked out yesterday's analysis and has been holding above 43800 for more than 20 hours. For further growth, it is necessary to return the capitalisation above $2 Trillion, overcome the resistance area of ​​$44,800- $45,600, and update price above $45,800.

I think today there will be attempts to do something of the above. Success will ensure growth towards $50K in the next 10 days, failure can return the main cryptocurrency below $42,800.

Belarus creates a "registry of addresses of virtual wallets used in illegal activities" It will be conducted by the High Technology Park. Obviously, the main goal is to trace those wallets through which the riots were financed in 2020, and to stop similar attempts in the future. Probably, drug stores' wallets will also be on the list.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

Minutes show Fed ready to Raise Rates, Shrink Balance Sheet Soon, Master-card Expands Consulting with Practices Dedicated to Crypto and Warren Buffett Invests $1B in Bitcoin-friendly Neobank, dumps Visa and Mastercard Stocks.

Thoughts on the market on 17.02.2022

Bitcoin was in the range of $44,200- $43,300 during the day. Attempts to go above $44,200 did not lead to success, the correction to below $43,500 was also quickly bought out and at the time of writing this review, bitcoin is trading around $43,950 - in the same place as a day ago.

Crypto Market capitalisation $1.984 Trillion,
BTC Dominance index:42.0,
Fear index :52.

So just to be clear these FOMC minutes are from the January meeting. What the market wants to see is if they can get an idea of the Fed's line of thinking going into March. Basically to see if the Fed will be really hawkish...or more dovish. It will be very likely hawkish & those rate increases will definitely be aggressive. The minutes will reflect that. If you paid attention in December 2021, you likely saw that the market reacted negatively to the Fed minutes. I see no reason that won't occur this time as well, especially considering the latest CPI & PPI.

For today, price may remain in the range of $43,500- $44,800. An alternative option - going below $42,800, with a possible test of $41,500 - is less likely. Further growth requires a return of capitalisation above $2 Trillion, overcoming the resistance area of $​​44,800- $45,600, updating the previous highs from 10th February above $45,800. It looks like these are plans for the next 10 days.

Interestingly, Mastercard Expands Consulting with Practices Dedicated to Crypto, Open Banking and ESG. The business world is facing an influx of innovation: changing consumer preferences, rapid digital transformation and geopolitical shifts. To help businesses evolve and supercharge their growth enterprise-wide, Mastercard today announced that it is expanding its preeminent payments-focused consulting service with new practices dedicated to Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG).

In contrast, Warren Buffett's Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that's also popular among the country's Bitcoin investors. In a securities filing late Feb. 14, the industrial conglomerate disclosed that it had purchased $1 billion worth of Nubank Class A stock in Q4/2021. On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively, singling a shift away from credit companies to gain exposure in their fintech rivals. Source: Cointelegraph.

It's amazing how investors can change their minds when they are wrong. Talk about money being indifferent.

This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy:

Register in advance for this event.

https://www.eventbrite.com/e/traditional-investments-vs-crypto-assets-investments-tickets-269566399357

Lots of goodies and giveaways..

Study: 68% of Americans Aware of Risks Involved With Cryptocurrencies.

Bitcoin has been on a decline, support at $41,500 did not resist, the main cryptocurrency set a local minimum around 40,088, at the time of writing this review, it is trading around $40,640

Market capitalisation $1.854 Trillion,
BTC Dominance Index: 41.7%,
Fear index 30.

Markets were pulled down by a combination of two factors. Firstly, the realisation that this time the Fed will turn on the money faucet and raise rates after a long and almost recoilless market growth, which can lead to its protracted fall.

Secondly, geopolitics pressed the markets yesterday. US Secretary of State, Blinken announced the imminent Russian invasion of Ukraine, using a chemical attack as a pretext, and the subsequent capture of Kiev, and the British Department of Defence published a map of this invasion. Biden also joined the topic, stating the high probability of such a development of events.

Markets are irrational, and wonder what to do with the unsuccessful announcement of the previous "invasions" two days ago. Why hasn't the invasion happened, when will it happen?

Bitcoin in its fall somewhat surpassed the alternative option from yesterday's review. Support at $41,500 did not resist, the reaction to the level, which we spoke about, turned out to be negative, price reached the lows of February 4, after which there was a rebound to 40500-40700, and stabilisation at these levels. The fear index, after a short stay in the neutral zone, returned to values ​​that show that the market is dominated by fear and uncertainty.

What will happen next? A return above $41,500 is still a priority option. If this does not happen within the next 6-8 hours, the option of descending towards 38200 becomes a priority. Does this change anything in the medium term for Bitcoin? Important dates for BTC and performance as we had shared here: https://t.me/decryptedge/952

21 Jan (price breakdown to $40k after 13 Days of holding above it) dumped by -15%
3 Feb was a price action day, followed by + 12% pump next day on 4 Feb!
13 Feb was price action day then BTC pumped by +7% a day later.

We shared this dates above since 12 Jan 2022 , Next dates: 21 Feb, 3 Mar
17 Mar (FOMC Day) and 21 Mar

Lastly, nearly seven out of ten surveyed Americans said they were aware of risks that are associated with cryptocurrencies, a new study by Nordvpn has found. However, about 32% of the respondents said they were not aware of any risks. Despite being knowledgeable about cryptocurrencies, the surveyed Americans still expressed their uneasiness over the prospect of these digital currencies “becoming the standard for online purchases.” Source: news.bitcoin.com

Ps: These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc. This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge