With the long weekend and thin market ahead. Strong movements in the market are possible.
Expect Bitcoin in a range with a lower limit at $18,200- $17,286 and an upper limit at $20,800- $21,800. Alts will grow with a confident fixing of Bitcoin above $20K. A hike to the lower end of the range is not a prerequisite, but a possible option. If we go above 20K from the current levels, the option is postponed.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Expect Bitcoin in a range with a lower limit at $18,200- $17,286 and an upper limit at $20,800- $21,800. Alts will grow with a confident fixing of Bitcoin above $20K. A hike to the lower end of the range is not a prerequisite, but a possible option. If we go above 20K from the current levels, the option is postponed.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Crypto Market Thoughts on 12.07.2022
Bitcoin, yesterday still maintained the range of $19,800- $20,750 and at the time of writing, Bitcoin is worth $19,881. Total crypto market capitalization of $888 billion, BTC, ETH dominance index of 42.8% and 14.9%, fear index 16. Glad to be back, my body gave me, rather forced me for a 1 week break. But you haven't missed much.
Stock markets were down yesterday. The Nasdaq fell 2.26%, the Dow Jones fell 0.52% and the S&P 500 lost 1.15% to close at 3854. The dollar index has once again made new highs and is now above 108.
Shares of Twitter fell more than 11% yesterday, working off the news about the cancellation of the deal with Elon Musk. The fact that the consequences of the cancellation of the deal will affect the entire technology sector, Meta is in the red by almost 5%, Zoom by almost 10%. Investors have realized that the data on the number and behavior of users provided by the companies themselves do not always correspond to reality. Why did Musk pull out of the deal? Why is the dollar index growing, and the euro will soon be cheaper than the dollar? Let me know if you are interested to know.
The Markets are waiting for a fall on US inflation data on Wednesday. In fact, the forecast data of 8.8% suggests that the actual result will be better than the forecast. With the crowd piling up a record number of short leveraged ETFs, developments could be very interesting.
Bitcoin has been declining during the day and has now reached just the lower limit of the 20200-19800 and an upper border at 21500-21800 range. Today Bitcoin is likely to move in the lower border of $19,000- $19,300 and an upper one at $20,600- $20,800. But the real movements will be tomorrow.
To some news:
- Miners in Texas stopped working due to heat and peak load on the power grid.
- Recently, there has been a lot of talk about the regulation of cryptocurrencies. The EU is preparing a whole package on regulation, the need for regulation is stated by the representative of the Bank of England and the Vice-Chairman of the Fed. They want to make crypto an analogue of the banking system. We don't need this kind of hockey, really? My contrarian self nonetheless reminds me: The Golden Rule: He Who Holds the Gold Makes the Rules. In the coming years the regulators will not be up to it. Adopt laws - maybe they will, they will not reach the implementation, and the market will live its own life.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin, yesterday still maintained the range of $19,800- $20,750 and at the time of writing, Bitcoin is worth $19,881. Total crypto market capitalization of $888 billion, BTC, ETH dominance index of 42.8% and 14.9%, fear index 16. Glad to be back, my body gave me, rather forced me for a 1 week break. But you haven't missed much.
Stock markets were down yesterday. The Nasdaq fell 2.26%, the Dow Jones fell 0.52% and the S&P 500 lost 1.15% to close at 3854. The dollar index has once again made new highs and is now above 108.
Shares of Twitter fell more than 11% yesterday, working off the news about the cancellation of the deal with Elon Musk. The fact that the consequences of the cancellation of the deal will affect the entire technology sector, Meta is in the red by almost 5%, Zoom by almost 10%. Investors have realized that the data on the number and behavior of users provided by the companies themselves do not always correspond to reality. Why did Musk pull out of the deal? Why is the dollar index growing, and the euro will soon be cheaper than the dollar? Let me know if you are interested to know.
The Markets are waiting for a fall on US inflation data on Wednesday. In fact, the forecast data of 8.8% suggests that the actual result will be better than the forecast. With the crowd piling up a record number of short leveraged ETFs, developments could be very interesting.
Bitcoin has been declining during the day and has now reached just the lower limit of the 20200-19800 and an upper border at 21500-21800 range. Today Bitcoin is likely to move in the lower border of $19,000- $19,300 and an upper one at $20,600- $20,800. But the real movements will be tomorrow.
To some news:
- Miners in Texas stopped working due to heat and peak load on the power grid.
- Recently, there has been a lot of talk about the regulation of cryptocurrencies. The EU is preparing a whole package on regulation, the need for regulation is stated by the representative of the Bank of England and the Vice-Chairman of the Fed. They want to make crypto an analogue of the banking system. We don't need this kind of hockey, really? My contrarian self nonetheless reminds me: The Golden Rule: He Who Holds the Gold Makes the Rules. In the coming years the regulators will not be up to it. Adopt laws - maybe they will, they will not reach the implementation, and the market will live its own life.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Crypto Market Thoughts on 13.07.2022.
Inflation data came out - 9.1% per year, which is higher than our figure shared yesterday! The markets immediate reaction was a decline on the indices, the S&P 500 is already below 3800, the dollar index is above 108. Recession and stagflation are no longer a threat, but an imminent reality.
However, the fall does not correspond to the scale of the event. The S&P 500 has lost less than 1%, and the dollar index has not updated its highs.
Perhaps the main reaction will be tomorrow (a month ago, too, everything fell down not on the day the data was released, but later). Or maybe it's a bearish consensus. In this case, the S&P 500 should return above 3800 and then move above 4000. The scenario will become clear by the end of the week. Interestingly, raising the rate by 0.75% will now be positive for the market, as there are already assumptions about raising the rate by 1% at once. The Bank of Canada unexpectedly raised interest rates by 100 bps to 2.5%, the highest rate hike since 1998 and still necessary to continue raising interest rates, reflecting an unusual economic environment created by inflation nearing 8%.
Bitcoin held above 19K, although it briefly fell lower. Market capitalization has fallen to $860 billion, but so far the crypto is holding up pretty well. Maybe because with the official inflation of 9.1% (and in reality it has long been double-digit), “going into cash” and waiting for Bitcoin from Kiyosaki at $1000 is not the smartest thing to do? I am waiting for Bitcoin until tomorrow morning in a range with a lower limit at $18,500- $18,800 and an upper limit at $19,800- $20,200.
Perhaps soon too there will be a FUD on a document on total control over crypto, which supposedly should be adopted at the G20. It looks tough - it is supposed to generally prohibit the anonymous storage of crypto. Acceptance and execution is unlikely, tomorrow we will analyze this topic more closely.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Inflation data came out - 9.1% per year, which is higher than our figure shared yesterday! The markets immediate reaction was a decline on the indices, the S&P 500 is already below 3800, the dollar index is above 108. Recession and stagflation are no longer a threat, but an imminent reality.
However, the fall does not correspond to the scale of the event. The S&P 500 has lost less than 1%, and the dollar index has not updated its highs.
Perhaps the main reaction will be tomorrow (a month ago, too, everything fell down not on the day the data was released, but later). Or maybe it's a bearish consensus. In this case, the S&P 500 should return above 3800 and then move above 4000. The scenario will become clear by the end of the week. Interestingly, raising the rate by 0.75% will now be positive for the market, as there are already assumptions about raising the rate by 1% at once. The Bank of Canada unexpectedly raised interest rates by 100 bps to 2.5%, the highest rate hike since 1998 and still necessary to continue raising interest rates, reflecting an unusual economic environment created by inflation nearing 8%.
Bitcoin held above 19K, although it briefly fell lower. Market capitalization has fallen to $860 billion, but so far the crypto is holding up pretty well. Maybe because with the official inflation of 9.1% (and in reality it has long been double-digit), “going into cash” and waiting for Bitcoin from Kiyosaki at $1000 is not the smartest thing to do? I am waiting for Bitcoin until tomorrow morning in a range with a lower limit at $18,500- $18,800 and an upper limit at $19,800- $20,200.
Perhaps soon too there will be a FUD on a document on total control over crypto, which supposedly should be adopted at the G20. It looks tough - it is supposed to generally prohibit the anonymous storage of crypto. Acceptance and execution is unlikely, tomorrow we will analyze this topic more closely.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 14.07. 2022.
Bitcoin was in the range of $18,903- $20,427 during the day and at the time of the review writing, Bitcoin is worth $20,250. Total crypto Market capitalization of $901 billion, BTC, ETH dominance index of 42.8% and 15.0% fear index 18.
Stock markets closed lower yesterday. The Nasdaq fell 0.15%, the Dow Jones fell 0.67%, the S&P 500 lost 0.15% to close at 3801. The dollar index is now close to the highs, at 108.252
On yesterday's data about the next record for inflation, the markets were falling, but the scale of the decline did not match the scale of the news. Those who expected a fall similar to that of June were disappointed, but that does not mean it's over.
Why? Given the fall in commodity prices, oil and gasoline, it is possible that the peak of inflation has already passed. There was a bearish consensus in the market, judging by the record number of leveraged short ETFs. The 10-year yield returned below 3 yesterday. If it continues to fall today, it will be positive for the markets. Since the situation in Europe is much worse now, and the prospects are even more gloomy, the flow of funds to the American markets is increasing. The euro for the first time since 2002 fell below parity against the dollar.
In such a situation, I do not see the prospects for a strong fall in the stock market. There will be a probable movement in the 3600-4000 range on the SP 500 in the next few months. Unless, of course, there is a strong aggravation in geopolitics. Company reports start next week:
July 20th Tesla.
July 26th Google Microsoft.
July 27th meta.
July 28th Apple.
August 4th Amazon.
In the reports, market participants will look for answers about the strength and depth of the recession that has begun and the prospects for getting out of it.
Bitcoin not only held above $19K, but also performed better than yesterday's review. We managed to gain a foothold above $20,200 and stay there for more than 6 hours. This is a natural reaction to the emergence of a large number of people who want to short Bitcoin, to the record outflow of Bitcoin from the exchanges and to the influx of stables to the exchanges.
For today - Bitcoin in the range with the lower limit at $19,400- $19,500 and the upper limit at $20,800- $21,200. But the first task will be to fix above $20,400- $20,500.
In a survey of more than 2,200 people conducted in Chinese crypto community on Weibo, 8% of the voters believed that Bitcoin and Ethereum could buy the dip when the price reached $18000/1000; 26% will buy in $15000/800; 40% will buy in $10000/500.
In a survey of more than 2,200 people conducted in Chinese crypto community on Weibo, 8% of the voters believed that Bitcoin and Ethereum could be buy the dip when the price reached $18000/1000; 26% will buy in $15000/800; 40% will buy in $10000/500.
Lastly, Tencent, China's largest internet company, has shut down one of its digital collection (NFT) platforms, and another platform is not doing well. The reason is that the Chinese government does not allow users to conduct private transactions after purchasing
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $18,903- $20,427 during the day and at the time of the review writing, Bitcoin is worth $20,250. Total crypto Market capitalization of $901 billion, BTC, ETH dominance index of 42.8% and 15.0% fear index 18.
Stock markets closed lower yesterday. The Nasdaq fell 0.15%, the Dow Jones fell 0.67%, the S&P 500 lost 0.15% to close at 3801. The dollar index is now close to the highs, at 108.252
On yesterday's data about the next record for inflation, the markets were falling, but the scale of the decline did not match the scale of the news. Those who expected a fall similar to that of June were disappointed, but that does not mean it's over.
Why? Given the fall in commodity prices, oil and gasoline, it is possible that the peak of inflation has already passed. There was a bearish consensus in the market, judging by the record number of leveraged short ETFs. The 10-year yield returned below 3 yesterday. If it continues to fall today, it will be positive for the markets. Since the situation in Europe is much worse now, and the prospects are even more gloomy, the flow of funds to the American markets is increasing. The euro for the first time since 2002 fell below parity against the dollar.
In such a situation, I do not see the prospects for a strong fall in the stock market. There will be a probable movement in the 3600-4000 range on the SP 500 in the next few months. Unless, of course, there is a strong aggravation in geopolitics. Company reports start next week:
July 20th Tesla.
July 26th Google Microsoft.
July 27th meta.
July 28th Apple.
August 4th Amazon.
In the reports, market participants will look for answers about the strength and depth of the recession that has begun and the prospects for getting out of it.
Bitcoin not only held above $19K, but also performed better than yesterday's review. We managed to gain a foothold above $20,200 and stay there for more than 6 hours. This is a natural reaction to the emergence of a large number of people who want to short Bitcoin, to the record outflow of Bitcoin from the exchanges and to the influx of stables to the exchanges.
For today - Bitcoin in the range with the lower limit at $19,400- $19,500 and the upper limit at $20,800- $21,200. But the first task will be to fix above $20,400- $20,500.
In a survey of more than 2,200 people conducted in Chinese crypto community on Weibo, 8% of the voters believed that Bitcoin and Ethereum could buy the dip when the price reached $18000/1000; 26% will buy in $15000/800; 40% will buy in $10000/500.
In a survey of more than 2,200 people conducted in Chinese crypto community on Weibo, 8% of the voters believed that Bitcoin and Ethereum could be buy the dip when the price reached $18000/1000; 26% will buy in $15000/800; 40% will buy in $10000/500.
Lastly, Tencent, China's largest internet company, has shut down one of its digital collection (NFT) platforms, and another platform is not doing well. The reason is that the Chinese government does not allow users to conduct private transactions after purchasing
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 15.07. 2022
Bitcoin was in the range of $19,630- $20,895 during the day and at the time of writing the review, Bitcoin is worth $20,676. Total crypto market capitalization of $931 billion, BTC, ETH dominance index 42.5% and 15.8% fear index 15.
Stock markets closed in a mixed up manner yesterday. The Nasdaq was up 0.03%, the Dow Jones was down 0.46% and the S&P 500 was down 0.30% to close at 3790.
The dollar index yesterday updated a high above 109.1. Data on industrial inflation was released yesterday, as well as on consumer inflation the day before, which came out above our expectations. The dollar index has since soared to highs, the euro not only reached parity with the dollar, but even fell lower, but the markets survived the situation quite normally. During the trading session, the S&P 500 fell to 2%, but then beat off most of the losses. US 10-year bond yields continue to decline, which is good for the markets. On the negative side, it looks like they are again dispersing the topic of coronavirus. Heads up, $1.9 trillion of options are set to expire today. The monthly event includes $925 billion of S&P - linked contracts, $395 billion of derivatives across single stocks scheduled to run out, Goldman sachs Group Inc estimates. Will this be the break or continuation of Bitcoin correlation to the stock market.?
The head of WHO is still calling for the return of the mask regime, but there is not far from lockdowns. The WHO will also hold a meeting on monkeypox on 21 June. It seems that someone really needs a new reason to introduce quarantines and restrictions, and then start “saving the economy” in the usual way. Why the euro fell so much, why right now more and more countries want to join the BRICS, what is happening on the Russian stock market are questions that should be popping in your heads.
Bitcoin worked out yesterday's review: (https://t.me/decryptedge/1158), having reached just the upper limit of the range indicated in it. Two attempts to consolidate above $20,800 have been unsuccessful so far, but as long as Bitcoin holds above $20,400- $20,500, there is a chance to try again. The dominance index is falling, alts are rising. If we leave for the weekend with Bitcoin above $20,500, we will see good gains in altcoins.
Over the weekend, expect Bitcoin in a range with a lower border at $19,800- $19,500 and an upper border at $21,800- $22,000.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research Great weekend ahead.
Bitcoin was in the range of $19,630- $20,895 during the day and at the time of writing the review, Bitcoin is worth $20,676. Total crypto market capitalization of $931 billion, BTC, ETH dominance index 42.5% and 15.8% fear index 15.
Stock markets closed in a mixed up manner yesterday. The Nasdaq was up 0.03%, the Dow Jones was down 0.46% and the S&P 500 was down 0.30% to close at 3790.
The dollar index yesterday updated a high above 109.1. Data on industrial inflation was released yesterday, as well as on consumer inflation the day before, which came out above our expectations. The dollar index has since soared to highs, the euro not only reached parity with the dollar, but even fell lower, but the markets survived the situation quite normally. During the trading session, the S&P 500 fell to 2%, but then beat off most of the losses. US 10-year bond yields continue to decline, which is good for the markets. On the negative side, it looks like they are again dispersing the topic of coronavirus. Heads up, $1.9 trillion of options are set to expire today. The monthly event includes $925 billion of S&P - linked contracts, $395 billion of derivatives across single stocks scheduled to run out, Goldman sachs Group Inc estimates. Will this be the break or continuation of Bitcoin correlation to the stock market.?
The head of WHO is still calling for the return of the mask regime, but there is not far from lockdowns. The WHO will also hold a meeting on monkeypox on 21 June. It seems that someone really needs a new reason to introduce quarantines and restrictions, and then start “saving the economy” in the usual way. Why the euro fell so much, why right now more and more countries want to join the BRICS, what is happening on the Russian stock market are questions that should be popping in your heads.
Bitcoin worked out yesterday's review: (https://t.me/decryptedge/1158), having reached just the upper limit of the range indicated in it. Two attempts to consolidate above $20,800 have been unsuccessful so far, but as long as Bitcoin holds above $20,400- $20,500, there is a chance to try again. The dominance index is falling, alts are rising. If we leave for the weekend with Bitcoin above $20,500, we will see good gains in altcoins.
Over the weekend, expect Bitcoin in a range with a lower border at $19,800- $19,500 and an upper border at $21,800- $22,000.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research Great weekend ahead.
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KryptoEdge
Thoughts on the market on 14.07. 2022.
Bitcoin was in the range of $18,903- $20,427 during the day and at the time of the review writing, Bitcoin is worth $20,250. Total crypto Market capitalization of $901 billion, BTC, ETH dominance index of 42.8% and…
Bitcoin was in the range of $18,903- $20,427 during the day and at the time of the review writing, Bitcoin is worth $20,250. Total crypto Market capitalization of $901 billion, BTC, ETH dominance index of 42.8% and…
Thoughts on the market on 18.07.2022.
Bitcoin spent the weekend in the $20,500- $21,670 range and at the time of writing this review, Bitcoin is worth $22,227. Market capitalization $1.013 Trillion, BTC, ETH dominance index of 41.9%, and 17.7% fear index 20. Stock markets opened with a moderate positive. Asian indices are growing, the dollar index is slightly decreasing and is now at 107.7, the futures on the SP 500 are also in a slight plus.
This week there will be a lot of important data for the market. Tomorrow there will be data on consumer inflation in the EU, on Wednesday - production inflation in Germany and TESLA report, on Thursday WHO will announce something on monkeypox. How can this affect the crypto market? Data on inflation in the EU affect the euro against the dollar. The exchange rate of the euro against the dollar affects the dollar index (and strongly influences, given the 57% share of the euro in the basket of currencies). The dollar index, in turn, has an inverse correlation with Bitcoin (i.e., Bitcoin rises when the dollar index falls, and vice versa).
The TESLA report is interesting in that it will indicate whether the Bitcoins previously purchased by Musk remained on the company's balance sheet. If they suddenly become smaller, it will be negative for the market. I don't think it will. Musk is not a deer, selling Bitcoin for a penny. Monkeypox - a possible scenario was discussed back in May.
For the markets, this will be positive, as the dollar will be generated out of thin air again. Bitcoin worked out the weekend forecast given on friday(https://t.me/decryptedge/1160) After a small rollback overnight to $20,800, Bitcoin is now again above 21K and is very likely to test the $22,700 area today. For further growth, it is necessary to firmly consolidate above. Altcoins rose as expected over the weekend. Market capitalization is now at the $1 trillion mark, and the dominance index has fallen. Most of this growth belongs to Ethereum, which is already above 1400.
For today - Bitcoin in the range with the lower limit at $19,800- $19,500 and the upper limit at $21,900- $22,800.
Lastly to some news, Former Ripple Labs founder Jed McCaleb has finally ended the eight-year dump of his XRP holdings, around 18.6% of the total circulating supply of XRP, leaving only 46.7 XRP left sitting in his famed “~tacostand” wallet. The price of XRP is currently sitting at 0.3564, up 0.82% over the last 24 hours. The asset is down almost 90% from its January 2018 all-time high of $3.40. Last week, the SEC suffered a blow in its case against Ripple after a U.S. judge ruled that the SEC must produce internal documents relating to the “Hinman speech,” which could be a pivotal piece of evidence in support of Ripple’s defense. Should Ripple be successful in arguing that #XRP is not a security, some believe this ruling could set a precedent for other similar crypto token issuers while boosting #XRP prices.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin spent the weekend in the $20,500- $21,670 range and at the time of writing this review, Bitcoin is worth $22,227. Market capitalization $1.013 Trillion, BTC, ETH dominance index of 41.9%, and 17.7% fear index 20. Stock markets opened with a moderate positive. Asian indices are growing, the dollar index is slightly decreasing and is now at 107.7, the futures on the SP 500 are also in a slight plus.
This week there will be a lot of important data for the market. Tomorrow there will be data on consumer inflation in the EU, on Wednesday - production inflation in Germany and TESLA report, on Thursday WHO will announce something on monkeypox. How can this affect the crypto market? Data on inflation in the EU affect the euro against the dollar. The exchange rate of the euro against the dollar affects the dollar index (and strongly influences, given the 57% share of the euro in the basket of currencies). The dollar index, in turn, has an inverse correlation with Bitcoin (i.e., Bitcoin rises when the dollar index falls, and vice versa).
The TESLA report is interesting in that it will indicate whether the Bitcoins previously purchased by Musk remained on the company's balance sheet. If they suddenly become smaller, it will be negative for the market. I don't think it will. Musk is not a deer, selling Bitcoin for a penny. Monkeypox - a possible scenario was discussed back in May.
For the markets, this will be positive, as the dollar will be generated out of thin air again. Bitcoin worked out the weekend forecast given on friday(https://t.me/decryptedge/1160) After a small rollback overnight to $20,800, Bitcoin is now again above 21K and is very likely to test the $22,700 area today. For further growth, it is necessary to firmly consolidate above. Altcoins rose as expected over the weekend. Market capitalization is now at the $1 trillion mark, and the dominance index has fallen. Most of this growth belongs to Ethereum, which is already above 1400.
For today - Bitcoin in the range with the lower limit at $19,800- $19,500 and the upper limit at $21,900- $22,800.
Lastly to some news, Former Ripple Labs founder Jed McCaleb has finally ended the eight-year dump of his XRP holdings, around 18.6% of the total circulating supply of XRP, leaving only 46.7 XRP left sitting in his famed “~tacostand” wallet. The price of XRP is currently sitting at 0.3564, up 0.82% over the last 24 hours. The asset is down almost 90% from its January 2018 all-time high of $3.40. Last week, the SEC suffered a blow in its case against Ripple after a U.S. judge ruled that the SEC must produce internal documents relating to the “Hinman speech,” which could be a pivotal piece of evidence in support of Ripple’s defense. Should Ripple be successful in arguing that #XRP is not a security, some believe this ruling could set a precedent for other similar crypto token issuers while boosting #XRP prices.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
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KryptoEdge
Thoughts on the market on 15.07. 2022
Bitcoin was in the range of $19,630- $20,895 during the day and at the time of writing the review, Bitcoin is worth $20,676. Total crypto market capitalization of $931 billion, BTC, ETH dominance index 42.5% and 15.8%…
Bitcoin was in the range of $19,630- $20,895 during the day and at the time of writing the review, Bitcoin is worth $20,676. Total crypto market capitalization of $931 billion, BTC, ETH dominance index 42.5% and 15.8%…
Thoughts on the market on 19.07.2022
Bitcoin was in the range of $22,960- $21,800 during the day. At the time of writing the review, Bitcoin is worth $21,670. Total Crypto market capitalization of $1.070 Trillion, BTC, ETH dominance index of 41.3% and 18.3% , fear index 30
Stock markets closed lower yesterday. Nasdaq down 0.81%, Dow Jones down 0.69%, S&P 500 down 0.84% to close at 3830. Interestingly, the markets started yesterday's trading session higher, the S&P 500 almost reached 3900, after which the markets turned to fall on Apple's announcement of cost cuts and the transition to a recession.
Today there will be data on inflation in the EU. Another record is possible. At the same time, the ECB cannot act decisively and raise the rate by more than 0.5% due to problems with the debt of Italy and Greece. The Fed is expected to raise rates by 0.75% at the next meeting. This means that a quick return of the dollar index to growth is likely due to the continued fall of the euro against the dollar. Why this might be important for the crypto market.
Oil has turned to growth, Brent is already above 106, this despite the expectations of a recession. What will happen when at least something good happens in the economy and speaks of a transition to growth, or at least an end to the fall? The price of copper (a leading indicator of the state of the economy) has been rising since 15.07. This is a good sign for the markets, as is the yield on 10-year bonds, which is still below 3.
Bitcoin got rejected by 171 points ($22,971) past our upper limit range at $21,900- $22,800. It got rejected twice during the day, with this fail it returned to the range indicated. There will probably be another try. But in case of failure, we remain in the same range and it would be logical to test its lower limit of $19,800- $19,500.
The forecast for today is Bitcoin in a range with an upper limit at $22,800- $23,000 and a lower limit at $19,800- $19,500. Ethereum is now fixed above 1500. It's aligned for growth. I am waiting for Thursday for significant moves. There is a 0.9 correlation of Bitcoin to the stock market. After the dollar index cool off we may revisit the highs of 109.284.
Lastly, Mt. Gox payouts are coming up probably next month, the company holds around 141,686 BTC, 142,846 bitcoin cash (BCH) and 69,776,002,441 yen (~$3.2 billion). No one knows exactly what will happen, these are bitcoins that were bought when price was at $1000 in 2014 to date; 2022 when price is at $20K. What would you do if were you?
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $22,960- $21,800 during the day. At the time of writing the review, Bitcoin is worth $21,670. Total Crypto market capitalization of $1.070 Trillion, BTC, ETH dominance index of 41.3% and 18.3% , fear index 30
Stock markets closed lower yesterday. Nasdaq down 0.81%, Dow Jones down 0.69%, S&P 500 down 0.84% to close at 3830. Interestingly, the markets started yesterday's trading session higher, the S&P 500 almost reached 3900, after which the markets turned to fall on Apple's announcement of cost cuts and the transition to a recession.
Today there will be data on inflation in the EU. Another record is possible. At the same time, the ECB cannot act decisively and raise the rate by more than 0.5% due to problems with the debt of Italy and Greece. The Fed is expected to raise rates by 0.75% at the next meeting. This means that a quick return of the dollar index to growth is likely due to the continued fall of the euro against the dollar. Why this might be important for the crypto market.
Oil has turned to growth, Brent is already above 106, this despite the expectations of a recession. What will happen when at least something good happens in the economy and speaks of a transition to growth, or at least an end to the fall? The price of copper (a leading indicator of the state of the economy) has been rising since 15.07. This is a good sign for the markets, as is the yield on 10-year bonds, which is still below 3.
Bitcoin got rejected by 171 points ($22,971) past our upper limit range at $21,900- $22,800. It got rejected twice during the day, with this fail it returned to the range indicated. There will probably be another try. But in case of failure, we remain in the same range and it would be logical to test its lower limit of $19,800- $19,500.
The forecast for today is Bitcoin in a range with an upper limit at $22,800- $23,000 and a lower limit at $19,800- $19,500. Ethereum is now fixed above 1500. It's aligned for growth. I am waiting for Thursday for significant moves. There is a 0.9 correlation of Bitcoin to the stock market. After the dollar index cool off we may revisit the highs of 109.284.
Lastly, Mt. Gox payouts are coming up probably next month, the company holds around 141,686 BTC, 142,846 bitcoin cash (BCH) and 69,776,002,441 yen (~$3.2 billion). No one knows exactly what will happen, these are bitcoins that were bought when price was at $1000 in 2014 to date; 2022 when price is at $20K. What would you do if were you?
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 20.07. 2022
Bitcoin was in the range of $22,400- $23,800 during the day and at the time of writing the review, Bitcoin is worth $23,575
Market capitalization $1.071 Trillion,
BTC, ETH Dominance index of 42.3% and 17.7%
Fear index 31.
Stock markets continued their growth yesterday. The Dow Jones index rose by 2.43% by the close of the market, the S&P 500 rose by 2.76% and reached 3936 points. Nasdaq 3.11%. Well, this is not surprising, since the quarterly reports of companies were not as weak as many feared, plus the weakening of the dollar also supported the growing markets.
European markets also finished trading with growth, despite the released data on inflation in the euro area, which confirmed that the indicator is at its maximum level since the beginning of its calculation.
Oil, gold, silver and natural gas have lost a little, only copper is growing and this is good. Everything is fine on the crypto market, bitcoin confidently consolidated above $23,000 and reached highs at $23,800. Ethereum tried to fight for $1600, but so far it has not worked out, I’m sure there will be another attempt today.
For today, since the price has now been fixed above $23,000, there is every chance to go further, up to 27-28K, but let's not be overzealous, we are still in a macro bear trend. If we go lower and lose $23K, we shall return to the previous range of 22-23K and lower this time.
The United States, Germany and Switzerland entered the top 3 cryptocurrency-friendly countries, while Singapore and Australia closed the top five. Only CAR, South Africa & Nigeria feature for Africa! @Coincub I wonder why Kenya is absent? Full details here: It's a good read (https://coincub.com/ranking/the-coincub-q2-global-crypto-ranking-categories-2022/).
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $22,400- $23,800 during the day and at the time of writing the review, Bitcoin is worth $23,575
Market capitalization $1.071 Trillion,
BTC, ETH Dominance index of 42.3% and 17.7%
Fear index 31.
Stock markets continued their growth yesterday. The Dow Jones index rose by 2.43% by the close of the market, the S&P 500 rose by 2.76% and reached 3936 points. Nasdaq 3.11%. Well, this is not surprising, since the quarterly reports of companies were not as weak as many feared, plus the weakening of the dollar also supported the growing markets.
European markets also finished trading with growth, despite the released data on inflation in the euro area, which confirmed that the indicator is at its maximum level since the beginning of its calculation.
Oil, gold, silver and natural gas have lost a little, only copper is growing and this is good. Everything is fine on the crypto market, bitcoin confidently consolidated above $23,000 and reached highs at $23,800. Ethereum tried to fight for $1600, but so far it has not worked out, I’m sure there will be another attempt today.
For today, since the price has now been fixed above $23,000, there is every chance to go further, up to 27-28K, but let's not be overzealous, we are still in a macro bear trend. If we go lower and lose $23K, we shall return to the previous range of 22-23K and lower this time.
The United States, Germany and Switzerland entered the top 3 cryptocurrency-friendly countries, while Singapore and Australia closed the top five. Only CAR, South Africa & Nigeria feature for Africa! @Coincub I wonder why Kenya is absent? Full details here: It's a good read (https://coincub.com/ranking/the-coincub-q2-global-crypto-ranking-categories-2022/).
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Coincub
Q2 2022 Global Crypto Ranking. Germany goes head to head with the USA, but Germany is leading the crypto world in a different way than its American counterpart.
Thoughts on the Crypto market on 22.07. 2022
Bitcoin was in the range of $23,440- $22,340 during the day and at the time of writing the review, Bitcoin is worth 23,116.
Market capitalization $1.052 Trillion,
BTC, ETH Dominance index of 42.0% and 18.3%,
Fear index 33.
Stock markets were up yesterday. The Dow Jones rose 0.51% to a one-month high, the S&P 500 rose 0.99% and the NASDAQ advanced 1.36%. The dollar index fell 0.40% to 106.52.
The European Central Bank, following a meeting on Thursday, raised interest rates for the first time in 11 years, by 50 basis points at once, in order to stabilize inflation at the target level of 2% in the medium term. Bitcoin, after yesterday's setup from Mask, found support at $22,800, and now it is surprisingly trying to gain a foothold above $23,000. Ethereum can be said not to flinch, and now it has almost returned to its recent high.
Judging by the fear-greed index, the information about Tesla selling its bitcoins did not scare the market participants. But the crowd drew conclusions and a bunch of memes with Musk and his promises not to sell bitcoin are already walking on the Internet. The crowd already understands the medium-term prospects of bitcoin and therefore is in no hurry to throw it off at such prices.
By the way, yesterday, the leaders of growth among the components of the S&P 500 index following the results of trading were Tesla shares, which rose in price by 9.78%.
For today expect Bitcoin in the range of $22,500- $24,000. The next key date I am looking at is 27th July. The fact that Bitcoin has succeeded to reclaim $23300 after 35 days of breaking down and hit $241xx yesterday, but failed to hold there and went down again to $228xx people connected it to Tesla reports about Q2 and selling 75% of their own BTC contrary of the diamond hands earlier stated. TSLA sold 75% of their Bitcoin for an average price of $28,888 - nearly a 9% discount from their average entry of $31,620. ‘He who sells first sells best’!
Current daily performance looks bad price action and which support chance for retest $21,500 as first support below $23k! So if price fails to reclaim $24k again before weekly end and bears make BTC close weekly below or near $21k this will be a sign for another sell-off wave next week.
Vitalik Buterin spoke about his plan to improve Ethereum after switching to a POS algorithm, the final result will be the processing of 100,000 transactions per second. Everything is gearing up to launch to new highs. Former top manager of @Coinbase was arrested (https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme) on charges of insider trading. The defendants made illegal trades in at least 25 different crypto assets and realized ill-gotten gains totaling approximately $1.5 million.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $23,440- $22,340 during the day and at the time of writing the review, Bitcoin is worth 23,116.
Market capitalization $1.052 Trillion,
BTC, ETH Dominance index of 42.0% and 18.3%,
Fear index 33.
Stock markets were up yesterday. The Dow Jones rose 0.51% to a one-month high, the S&P 500 rose 0.99% and the NASDAQ advanced 1.36%. The dollar index fell 0.40% to 106.52.
The European Central Bank, following a meeting on Thursday, raised interest rates for the first time in 11 years, by 50 basis points at once, in order to stabilize inflation at the target level of 2% in the medium term. Bitcoin, after yesterday's setup from Mask, found support at $22,800, and now it is surprisingly trying to gain a foothold above $23,000. Ethereum can be said not to flinch, and now it has almost returned to its recent high.
Judging by the fear-greed index, the information about Tesla selling its bitcoins did not scare the market participants. But the crowd drew conclusions and a bunch of memes with Musk and his promises not to sell bitcoin are already walking on the Internet. The crowd already understands the medium-term prospects of bitcoin and therefore is in no hurry to throw it off at such prices.
By the way, yesterday, the leaders of growth among the components of the S&P 500 index following the results of trading were Tesla shares, which rose in price by 9.78%.
For today expect Bitcoin in the range of $22,500- $24,000. The next key date I am looking at is 27th July. The fact that Bitcoin has succeeded to reclaim $23300 after 35 days of breaking down and hit $241xx yesterday, but failed to hold there and went down again to $228xx people connected it to Tesla reports about Q2 and selling 75% of their own BTC contrary of the diamond hands earlier stated. TSLA sold 75% of their Bitcoin for an average price of $28,888 - nearly a 9% discount from their average entry of $31,620. ‘He who sells first sells best’!
Current daily performance looks bad price action and which support chance for retest $21,500 as first support below $23k! So if price fails to reclaim $24k again before weekly end and bears make BTC close weekly below or near $21k this will be a sign for another sell-off wave next week.
Vitalik Buterin spoke about his plan to improve Ethereum after switching to a POS algorithm, the final result will be the processing of 100,000 transactions per second. Everything is gearing up to launch to new highs. Former top manager of @Coinbase was arrested (https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme) on charges of insider trading. The defendants made illegal trades in at least 25 different crypto assets and realized ill-gotten gains totaling approximately $1.5 million.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
www.justice.gov
Three Charged In First Ever Cryptocurrency Insider Trading Tipping
Thoughts on the market on 23.07.2022
Bitcoin was in the range of $23,750- $22,500 yesterday and at the time of writing the review, Bitcoin is worth $22,266.
Market capitalization $1.025 Trillion,
BTC, ETH Dominance index of 41.8% and 18.2%
Fear index 31.
Stock markets fell yesterday. The Dow Jones fell 0.43%, the S&P 500 fell 0.93% and the NASDAQ fell 1.87%. The dollar index fell 0.33% to 106.46.
Bitcoin clearly worked out yesterday's analysis and remained in the specified range. After an unsuccessful attempt to get to $24K, Bitcoin started to decline, reaching a local minimum at $22,500, saw a little bounce back from this level to $23,0000. Ethereum clearly follows Bitcoin and repeats its movements.
Over the weekend, expect Bitcoin in the range of $21,500 - $24,000, with possible momentum both ways in the thin weekend market. Our bias is more to the downside to $21,100.
Otherwise, nothing interesting happened save for some news about #FTX is in advanced talks to buy South Korea’s Bithumb. Bloomberg said. FTX is also raising funds. Binance & Huobi have considered acquiring Bithumb before. Currently, 90% of the trading volume in South Korea is concentrated on Upbit.
A newly sworn-in Securities and Exchange Commission (SEC) commissioner is a former staffer for House Speaker Nancy Pelosi, D-Calif. SEC commissioner Jaime Lizárraga was sworn in on Monday to his position in the financial regulatory body.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $23,750- $22,500 yesterday and at the time of writing the review, Bitcoin is worth $22,266.
Market capitalization $1.025 Trillion,
BTC, ETH Dominance index of 41.8% and 18.2%
Fear index 31.
Stock markets fell yesterday. The Dow Jones fell 0.43%, the S&P 500 fell 0.93% and the NASDAQ fell 1.87%. The dollar index fell 0.33% to 106.46.
Bitcoin clearly worked out yesterday's analysis and remained in the specified range. After an unsuccessful attempt to get to $24K, Bitcoin started to decline, reaching a local minimum at $22,500, saw a little bounce back from this level to $23,0000. Ethereum clearly follows Bitcoin and repeats its movements.
Over the weekend, expect Bitcoin in the range of $21,500 - $24,000, with possible momentum both ways in the thin weekend market. Our bias is more to the downside to $21,100.
Otherwise, nothing interesting happened save for some news about #FTX is in advanced talks to buy South Korea’s Bithumb. Bloomberg said. FTX is also raising funds. Binance & Huobi have considered acquiring Bithumb before. Currently, 90% of the trading volume in South Korea is concentrated on Upbit.
A newly sworn-in Securities and Exchange Commission (SEC) commissioner is a former staffer for House Speaker Nancy Pelosi, D-Calif. SEC commissioner Jaime Lizárraga was sworn in on Monday to his position in the financial regulatory body.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 25.07.2022.
Bitcoin spent the weekend with the $21,900-$23,000 range and at the time of writing the review, Bitcoin is worth $21,900.
Market capitalization $1.009 Trillion,
BTC, ETH dominance index of 41.5% and 18.4%
Fear index 30.
Stock markets opened lower. Asian indices are trading in different directions, the dollar index is at 106.6, the S&P 500 futures are down 0.20%, gold, silver, and oil also showing a slight negative. The only commodity showing growth is natural gas.
Bitcoin is also falling, and pulling the rest of the market with it. After Bitcoin failed to gain a foothold at $23,000, a drain began, to a low of $21,737, its now trading around $21,900. Alts followed the main cryptocurrency, some lost up to 10%.
For today, expect Bitcoin with a lower border range at $20,000-$20,500 and an upper border at $22,000- $22,500.
Citigroup analysts report that the situation in the digital asset market has begun to stabilize. While Celsius Network filed for bankruptcy protection, the conversion of stablecoins to fiat and the outflow of funds from ETFs began, the use of leverage decreased, all these events indicate that the panic in the digital asset market is coming to an end. This is a consensus that's now getting empirical and bound to be abused, also known as manipulation. Need I remind you that, as we mentioned last week here: https://t.me/decryptedge/1165 If price fails to reclaim $24k again before weekly end and bears make BTC close weekly below or near $21k this will be a sign for another sell-off wave next week. This will open up a high probability for BTC to go below $18,000 weekly, followed by $16K, next levels will be ($10,875 - $12,688 - $14,600)
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin spent the weekend with the $21,900-$23,000 range and at the time of writing the review, Bitcoin is worth $21,900.
Market capitalization $1.009 Trillion,
BTC, ETH dominance index of 41.5% and 18.4%
Fear index 30.
Stock markets opened lower. Asian indices are trading in different directions, the dollar index is at 106.6, the S&P 500 futures are down 0.20%, gold, silver, and oil also showing a slight negative. The only commodity showing growth is natural gas.
Bitcoin is also falling, and pulling the rest of the market with it. After Bitcoin failed to gain a foothold at $23,000, a drain began, to a low of $21,737, its now trading around $21,900. Alts followed the main cryptocurrency, some lost up to 10%.
For today, expect Bitcoin with a lower border range at $20,000-$20,500 and an upper border at $22,000- $22,500.
Citigroup analysts report that the situation in the digital asset market has begun to stabilize. While Celsius Network filed for bankruptcy protection, the conversion of stablecoins to fiat and the outflow of funds from ETFs began, the use of leverage decreased, all these events indicate that the panic in the digital asset market is coming to an end. This is a consensus that's now getting empirical and bound to be abused, also known as manipulation. Need I remind you that, as we mentioned last week here: https://t.me/decryptedge/1165 If price fails to reclaim $24k again before weekly end and bears make BTC close weekly below or near $21k this will be a sign for another sell-off wave next week. This will open up a high probability for BTC to go below $18,000 weekly, followed by $16K, next levels will be ($10,875 - $12,688 - $14,600)
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
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KryptoEdge
Thoughts on the Crypto market on 22.07. 2022
Bitcoin was in the range of $23,440- $22,340 during the day and at the time of writing the review, Bitcoin is worth 23,116.
Market capitalization $1.052 Trillion,
BTC, ETH Dominance index of 42.0% and 18.3%,…
Bitcoin was in the range of $23,440- $22,340 during the day and at the time of writing the review, Bitcoin is worth 23,116.
Market capitalization $1.052 Trillion,
BTC, ETH Dominance index of 42.0% and 18.3%,…
Thoughts on the Crypto market on 26.07.2022
Bitcoin was in the range of $22,660- $20,850 during the day and at the time of this writing is trading for $21,096
Market capitalization $971 billion,
BTC, ETH Dominance index of 41.7% and 17.9%
Fear index 26.
The stock market ended trading in different directions. The Dow Jones rose 0.28%, the S&P 500 gained 0.13% and the NASDAQ lost 0.43%. Oil, gas, gold and silver showed growth. The USD index fell 0.29% to 106.31.
The market is waiting for the next meeting of the Fed and the publication of statements of the largest companies in the technology sector (#AMAZON, #APPLE, #INTEL, #VISA, #GOOGLE). The Fed meeting will take place today and continue tomorrow, and market participants expect the Central Bank to raise the base interest rate by 75 basis points to 2.25-2.5%, but the option of raising it immediately by 100 bp is not ruled out.
In a word, there will be many events, and they will set the direction of the market for the next couple of weeks. On the crypto market, everything is according to the plan outlined yesterday. Bitcoin fell below $21K to a low price of $20,856. The capitalization of the entire market again fell below a trillion, everyone is waiting for news from the Fed and data on the report, as mentioned above.
The situation with Coinbase could also have influenced, yesterday it was reported that the SEC launched an investigation into the exchange due to trading in unregistered securities. And the most interesting thing is that this FUD comes from Bloomberg, on which CZ (the owner of Binance) filed a libel suit and requires apologies, monetary compensation and the removal of fake articles about the exchange and BNB. The defamation lawsuit filed by CZ highlights Bloomberg Businessweek’s 250th issue about CZ. The cover of the issue was misleading and was titled “Changpeng Zhao’s Ponzi Scheme.” The lawsuit also cites the 250th issue along with social media posts on Facebook and Twitter.
For today. Bitcoin is in the range of $20,000 - $22,000. Our bias take is bearish to a $20,096 and $19,070 price tag for tomorrow.. Those ahead of the curve and wanted to sell before the news and meetings have already done so. With little trading volume present, price spikes will be erratic.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $22,660- $20,850 during the day and at the time of this writing is trading for $21,096
Market capitalization $971 billion,
BTC, ETH Dominance index of 41.7% and 17.9%
Fear index 26.
The stock market ended trading in different directions. The Dow Jones rose 0.28%, the S&P 500 gained 0.13% and the NASDAQ lost 0.43%. Oil, gas, gold and silver showed growth. The USD index fell 0.29% to 106.31.
The market is waiting for the next meeting of the Fed and the publication of statements of the largest companies in the technology sector (#AMAZON, #APPLE, #INTEL, #VISA, #GOOGLE). The Fed meeting will take place today and continue tomorrow, and market participants expect the Central Bank to raise the base interest rate by 75 basis points to 2.25-2.5%, but the option of raising it immediately by 100 bp is not ruled out.
In a word, there will be many events, and they will set the direction of the market for the next couple of weeks. On the crypto market, everything is according to the plan outlined yesterday. Bitcoin fell below $21K to a low price of $20,856. The capitalization of the entire market again fell below a trillion, everyone is waiting for news from the Fed and data on the report, as mentioned above.
The situation with Coinbase could also have influenced, yesterday it was reported that the SEC launched an investigation into the exchange due to trading in unregistered securities. And the most interesting thing is that this FUD comes from Bloomberg, on which CZ (the owner of Binance) filed a libel suit and requires apologies, monetary compensation and the removal of fake articles about the exchange and BNB. The defamation lawsuit filed by CZ highlights Bloomberg Businessweek’s 250th issue about CZ. The cover of the issue was misleading and was titled “Changpeng Zhao’s Ponzi Scheme.” The lawsuit also cites the 250th issue along with social media posts on Facebook and Twitter.
For today. Bitcoin is in the range of $20,000 - $22,000. Our bias take is bearish to a $20,096 and $19,070 price tag for tomorrow.. Those ahead of the curve and wanted to sell before the news and meetings have already done so. With little trading volume present, price spikes will be erratic.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 28.07.2022
Bitcoin was in the range of $23,460- $21,040 during the day and at the time of writing the review, Bitcoin is worth $22,966.
Market capitalization $1.052 Trillion,
BTC, ETH dominance index of 41.8% and 18.8%.
Fear index 32.
Stock markets were up yesterday. The Dow Jones rose 1.37% to hit a monthly high, the S&P 500 gained 2.62% and the NASDAQ gained 4.06%. Gold, silver, oil and gas are also showing growth. The dollar index fell 0.68% to 106.31. The markets are positive and I must say thanks to the US Federal Reserve for raising the rate by only 0.75%, now its range is 2.25-2.5% per annum. Jerome Powell did not frighten anyone with his speech and did not say anything new.
The key points Powell said at the press conference: inflation is too high, the Fed will continue to reduce the balance sheet, another serious (big) rate hike is possible at the next meeting, if inflation continues to rise, they can raise the rate by 100 bp. In 2023, they may also continue to raise the rate.
We are waiting for more reports on US GDP today, which will show a recession in the US or not, although Powell assured in his speech that there is no recession in the country and he does not believe in its onset.
The crypto market is growing after the stock market, Bitcoin at the moment rose to $23,460 and is now trying to gain a foothold at 23K. Altcoins pulled after Bitcoin, even slightly ahead of it, Ethereum not only returned to its recent high, but also exceeded it, approaching almost $1,700 per coin. For Bitcoin’s further growth, it needs to overcome the resistance area at $23,800-$24,200 and gain a foothold above. In this case, the most likely option is an increase to $27,000- $28,000.
If price does not take out the resistances, it's likely to remain in the range with the upper limit at $24,000-$24,200 and if rejected the lower limit at $20,800-$21,000 all the way to $20/19K.
Interestingly Cathy Wood Ark Invest Fund sold (https://www.coindesk.com/markets/2022/07/27/cathie-woods-ark-invest-offloads-over-14m-coinbase-shares-as-coin-price-falls /) 1.4 million Coinbase shares. Apparently, Katie realized that she smelled fear and decided to throw off shares and go into bitcoin. All the same, Coinbase went slightly negative. This SEC investigation at the end will not lead to good. Perhaps Cathy knows something and she is out of the woods, even so happy with Bitcoin.
The Biden administration is considering declaring a public health emergency over monkeypox. We talked about this topic a while back and it would be blown up. Biden, who is already controlled remotely, is going to run in the elections in 2024. WHO is thinking about how to rename monkeypox. This comes from a New York Health Commissioner Ashwin Vasan who approached the World Health Organization (WHO) with a proposal to rename monkeypox. The idea to change the name was born out of tolerant considerations, so as not to injure representatives of the LGBT community and black people. That's all you need to know about where the world is heading.
Lastly, the IMF is intimidating the Crypto markets warning of a possible strong drop and stablecoin problems. Sighting that crypto markets could see further selling pressure and more failures of coin offerings, including stablecoins. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Tobias Adrian, Director of Monetary and Capital Markets for the IMF, told Yahoo Finance in an interview. “There could be further failures of some of the coin offerings — in particular, some of the algorithmic stablecoins that have been hit most hard, and there are others that could fail.” If a recession ensues, crypto would drop even further, says Adrian.
Bitcoin was in the range of $23,460- $21,040 during the day and at the time of writing the review, Bitcoin is worth $22,966.
Market capitalization $1.052 Trillion,
BTC, ETH dominance index of 41.8% and 18.8%.
Fear index 32.
Stock markets were up yesterday. The Dow Jones rose 1.37% to hit a monthly high, the S&P 500 gained 2.62% and the NASDAQ gained 4.06%. Gold, silver, oil and gas are also showing growth. The dollar index fell 0.68% to 106.31. The markets are positive and I must say thanks to the US Federal Reserve for raising the rate by only 0.75%, now its range is 2.25-2.5% per annum. Jerome Powell did not frighten anyone with his speech and did not say anything new.
The key points Powell said at the press conference: inflation is too high, the Fed will continue to reduce the balance sheet, another serious (big) rate hike is possible at the next meeting, if inflation continues to rise, they can raise the rate by 100 bp. In 2023, they may also continue to raise the rate.
We are waiting for more reports on US GDP today, which will show a recession in the US or not, although Powell assured in his speech that there is no recession in the country and he does not believe in its onset.
The crypto market is growing after the stock market, Bitcoin at the moment rose to $23,460 and is now trying to gain a foothold at 23K. Altcoins pulled after Bitcoin, even slightly ahead of it, Ethereum not only returned to its recent high, but also exceeded it, approaching almost $1,700 per coin. For Bitcoin’s further growth, it needs to overcome the resistance area at $23,800-$24,200 and gain a foothold above. In this case, the most likely option is an increase to $27,000- $28,000.
If price does not take out the resistances, it's likely to remain in the range with the upper limit at $24,000-$24,200 and if rejected the lower limit at $20,800-$21,000 all the way to $20/19K.
Interestingly Cathy Wood Ark Invest Fund sold (https://www.coindesk.com/markets/2022/07/27/cathie-woods-ark-invest-offloads-over-14m-coinbase-shares-as-coin-price-falls /) 1.4 million Coinbase shares. Apparently, Katie realized that she smelled fear and decided to throw off shares and go into bitcoin. All the same, Coinbase went slightly negative. This SEC investigation at the end will not lead to good. Perhaps Cathy knows something and she is out of the woods, even so happy with Bitcoin.
The Biden administration is considering declaring a public health emergency over monkeypox. We talked about this topic a while back and it would be blown up. Biden, who is already controlled remotely, is going to run in the elections in 2024. WHO is thinking about how to rename monkeypox. This comes from a New York Health Commissioner Ashwin Vasan who approached the World Health Organization (WHO) with a proposal to rename monkeypox. The idea to change the name was born out of tolerant considerations, so as not to injure representatives of the LGBT community and black people. That's all you need to know about where the world is heading.
Lastly, the IMF is intimidating the Crypto markets warning of a possible strong drop and stablecoin problems. Sighting that crypto markets could see further selling pressure and more failures of coin offerings, including stablecoins. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Tobias Adrian, Director of Monetary and Capital Markets for the IMF, told Yahoo Finance in an interview. “There could be further failures of some of the coin offerings — in particular, some of the algorithmic stablecoins that have been hit most hard, and there are others that could fail.” If a recession ensues, crypto would drop even further, says Adrian.
CoinDesk
Cathie Wood's Ark Invest Offloads Over 1.4M Coinbase Shares as COIN Price Falls
Coinbase shares have taken a big hit following disappointing results and a report the exchange is being investigated by the U.S. Securities and Exchange Commission.
Still on IMF matters closer home(Kenya), the international body has recommended special safeguards for M-Pesa and banks from unfair competition by the planned digital shilling by the Central Bank of Kenya (CBK). The proposed Central Bank Digital Currency (CBDC), which is currently under public discussion, is seen as a competitor to mobile money down the road, especially in its ability to lower transaction costs. As reported by The Nation newspaper, CBDC’s may also pose some relative threat to banks because it will enable customers to bypass lenders, with the CBK taking on a new role of keeping track of holdings, transactions, and settlements. Interesting times ahead!
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the Crypto Market on 29.07. 2022.
Bitcoin was in the range of 24200-22580 during the day, and at the time of this writing, it’s worth $24,100.
Market capitalization $1.1 Trillion,
BTC, ETH dominance index of 41.5% and 19.0%,
Fear index 39.
Stock markets were up yesterday. The Dow Jones rose 1.03%, the S&P 500 rose 1.21% to close at its highest in almost seven weeks, and the NASDAQ rose 1.08%. Gold, silver and oil also showed growth. The dollar index fell 0.25% to 106.06. US GDP for the second quarter decreased by 0.9%, although growth was expected, which means that the country has entered a recession. For some reason, market participants believed that such events could force the Fed to stop its aggressive rate hikes in the future.
The crypto market is also doing well, Bitcoin is growing for the third day in a row. Currently at a high of $24,199.72 (Binance), the last time such a peak was registered was on July 20.
Altcoins are jumping following suit, Ethereum was approaching $1784 and Ethereum Classic was already $44, showing almost a 70% gain in a week. After switching ETH to POS, miners will switch to ETC and many will diversify their risks.
For today's expectations, it remains yesterday's. For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. In this case, the most likely aggressive option is an increase to $27,000- $28,000.
If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000, with spikes to $19K.
Nirvana, an algorithm stablecoin protocol based on Solana, is suspected to have suffered a flash loan, with a funding gap of $12 million. The price of its stablecoin NIRV once fell from $1 to $0.09; ANA token price once fell from $8.9 to $1.5, a drop of as much as 85%.
Lastly, a U.S. bill to boost computer chip manufacturing that’s heading to Joe Biden’s desk will also establish a crypto advisory role inside his administration. https://www.coindesk.com/policy/2022/07/28/us-tech-bill-creates-white-house-blockchain-adviser-role/
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of 24200-22580 during the day, and at the time of this writing, it’s worth $24,100.
Market capitalization $1.1 Trillion,
BTC, ETH dominance index of 41.5% and 19.0%,
Fear index 39.
Stock markets were up yesterday. The Dow Jones rose 1.03%, the S&P 500 rose 1.21% to close at its highest in almost seven weeks, and the NASDAQ rose 1.08%. Gold, silver and oil also showed growth. The dollar index fell 0.25% to 106.06. US GDP for the second quarter decreased by 0.9%, although growth was expected, which means that the country has entered a recession. For some reason, market participants believed that such events could force the Fed to stop its aggressive rate hikes in the future.
The crypto market is also doing well, Bitcoin is growing for the third day in a row. Currently at a high of $24,199.72 (Binance), the last time such a peak was registered was on July 20.
Altcoins are jumping following suit, Ethereum was approaching $1784 and Ethereum Classic was already $44, showing almost a 70% gain in a week. After switching ETH to POS, miners will switch to ETC and many will diversify their risks.
For today's expectations, it remains yesterday's. For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. In this case, the most likely aggressive option is an increase to $27,000- $28,000.
If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000, with spikes to $19K.
Nirvana, an algorithm stablecoin protocol based on Solana, is suspected to have suffered a flash loan, with a funding gap of $12 million. The price of its stablecoin NIRV once fell from $1 to $0.09; ANA token price once fell from $8.9 to $1.5, a drop of as much as 85%.
Lastly, a U.S. bill to boost computer chip manufacturing that’s heading to Joe Biden’s desk will also establish a crypto advisory role inside his administration. https://www.coindesk.com/policy/2022/07/28/us-tech-bill-creates-white-house-blockchain-adviser-role/
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
CoinDesk
US Tech Bill Creates White House Blockchain Adviser Role
Bipartisan legislation approved by Congress to help out computer-chip manufacturing will also establish a new digital assets expert to advise the president.
Thoughts on the market as of 30.07. 2022
Bitcoin was in the range of $24,440- $23,410 during the day and at the time of writing the review, it's worth $23,800.
Total crypto market capitalization of $1.098 Trillion,
BTC, ETH dominance index of 41.5% and 19.0%
Fear index 42.
Stock markets were up yesterday. The Dow Jones rose 0.97% to hit a monthly high, the S&P 500 rose 1.42% and the NASDAQ rose 1.88%. The dollar index continues to decline and has already fallen by 0.51% to 105.70. Oil, gas, gold, silver and other commodities also showed growth. The growing tension between the US and China may overshadow future prospects. If a conflict starts over Taiwan, then for the markets it will be a repeat of March 2020 or even worse.
Nothing much has changed on the crypto market, the outlook is the same - the resistance area still holds, Bitcoin is still in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000. Chances are we shall maintain the range over the weekend, and any exit above will be a false breakdown.
The trial between Elon Musk and Twitter has been scheduled for 17 October. Elon Musk looks like he deliberately brought the case to court in order to get information on the number of bots through it, and if the figure turns out to be more than the one provided by Twitter, then the parties will change places right there. In any case, Musk's purchase of the social network will be a good incentive for Bitcoin and the entire market.
FTX received Dubai's first virtual asset service provider mvp license, The guys are developing at full speed. The MVP “Minimum Viable Product’ programme is to deploy regulated crypto derivatives products, trading services and NFT market to Qualified Institutional Investors across the region. Miles across, Apple posted an associate creative director of content vacancy for a Web3 specialist, there will be interesting news from the company soon. We shared yesterday that the US White House will have a blockchain adviser role.
As we come to the end of the month, important dates for BTC, but first results for Previous dates :
19th July: After 35 days for the first time BTC passed $23,300.
23th July: Mixed Day fake, price action and price went down by -8% after that!
27th July: Big green candle +8% for BTC, to date price is +15%!
Incoming Dates :
30th July Today!
4th, 15th and 21th August.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $24,440- $23,410 during the day and at the time of writing the review, it's worth $23,800.
Total crypto market capitalization of $1.098 Trillion,
BTC, ETH dominance index of 41.5% and 19.0%
Fear index 42.
Stock markets were up yesterday. The Dow Jones rose 0.97% to hit a monthly high, the S&P 500 rose 1.42% and the NASDAQ rose 1.88%. The dollar index continues to decline and has already fallen by 0.51% to 105.70. Oil, gas, gold, silver and other commodities also showed growth. The growing tension between the US and China may overshadow future prospects. If a conflict starts over Taiwan, then for the markets it will be a repeat of March 2020 or even worse.
Nothing much has changed on the crypto market, the outlook is the same - the resistance area still holds, Bitcoin is still in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000. Chances are we shall maintain the range over the weekend, and any exit above will be a false breakdown.
The trial between Elon Musk and Twitter has been scheduled for 17 October. Elon Musk looks like he deliberately brought the case to court in order to get information on the number of bots through it, and if the figure turns out to be more than the one provided by Twitter, then the parties will change places right there. In any case, Musk's purchase of the social network will be a good incentive for Bitcoin and the entire market.
FTX received Dubai's first virtual asset service provider mvp license, The guys are developing at full speed. The MVP “Minimum Viable Product’ programme is to deploy regulated crypto derivatives products, trading services and NFT market to Qualified Institutional Investors across the region. Miles across, Apple posted an associate creative director of content vacancy for a Web3 specialist, there will be interesting news from the company soon. We shared yesterday that the US White House will have a blockchain adviser role.
As we come to the end of the month, important dates for BTC, but first results for Previous dates :
19th July: After 35 days for the first time BTC passed $23,300.
23th July: Mixed Day fake, price action and price went down by -8% after that!
27th July: Big green candle +8% for BTC, to date price is +15%!
Incoming Dates :
30th July Today!
4th, 15th and 21th August.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the Crypto market on 1.08.2022.
Bitcoin was in the range of $24,670- $23,230 over the weekend and at the time of writing the review, it is worth $23,350.
Market capitalization 1088 billion,
BTC, ETH, dominance index of 41.0% and 18.9%
Fear index 33.
Stock markets opened in a mixed format. Asian indices show growth, the dollar index is falling and is already at 105.645, futures for S & P 500 are in the red by 0.45%, gold, silver, and oil also show a negative.
Markets may be affected by the situation in Serbia and Kosovo, which are now on the verge of a military conflict. Yesterday there were many statements from one side and the other, but now everything seems to have calmed down and all movements have been postponed until September. It all started because the Kosovo authorities wanted to launch a military operation against the Serbs living in the north of the partially recognized state and block the entry of everyone who does not have Kosovo documents, and will also forcibly re-register Serbian car numbers to local ones.
On the crypto market, everything is within the review which was given last Thursday (https://t.me/decryptedge/1169). For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. In this case, the most likely option is an increase to $27,000- $28,000.
If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800-$21,000
As reported by @Coindesk, Binance is said to have lost 90% of customers after implementing KYC, losing billions in revenue. However, the data shows that its trading volume is still huge, even more than other cryptocurrency exchanges combined.
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $24,670- $23,230 over the weekend and at the time of writing the review, it is worth $23,350.
Market capitalization 1088 billion,
BTC, ETH, dominance index of 41.0% and 18.9%
Fear index 33.
Stock markets opened in a mixed format. Asian indices show growth, the dollar index is falling and is already at 105.645, futures for S & P 500 are in the red by 0.45%, gold, silver, and oil also show a negative.
Markets may be affected by the situation in Serbia and Kosovo, which are now on the verge of a military conflict. Yesterday there were many statements from one side and the other, but now everything seems to have calmed down and all movements have been postponed until September. It all started because the Kosovo authorities wanted to launch a military operation against the Serbs living in the north of the partially recognized state and block the entry of everyone who does not have Kosovo documents, and will also forcibly re-register Serbian car numbers to local ones.
On the crypto market, everything is within the review which was given last Thursday (https://t.me/decryptedge/1169). For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. In this case, the most likely option is an increase to $27,000- $28,000.
If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800-$21,000
As reported by @Coindesk, Binance is said to have lost 90% of customers after implementing KYC, losing billions in revenue. However, the data shows that its trading volume is still huge, even more than other cryptocurrency exchanges combined.
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
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KryptoEdge
Thoughts on the market on 28.07.2022
Bitcoin was in the range of $23,460- $21,040 during the day and at the time of writing the review, Bitcoin is worth $22,966.
Market capitalization $1.052 Trillion,
BTC, ETH dominance index of 41.8% and 18.8%.
Fear index…
Bitcoin was in the range of $23,460- $21,040 during the day and at the time of writing the review, Bitcoin is worth $22,966.
Market capitalization $1.052 Trillion,
BTC, ETH dominance index of 41.8% and 18.8%.
Fear index…
Thoughts on the market on 2.08.2022
Bitcoin was in the range of $23,500- $22,750 during the day and at the time of writing the review, Bitcoin is worth $22,900.
Market capitalization $1.054 Trillion, BTC, ETH dominance index of 41.6%, 18.3%. Fear index 31. Stock markets fell yesterday. The Dow Jones plunged 0.14%, the S&P 500 shed 0.28% and the NASDAQ shed 0.18%. Gold, silver and oil sank a little. The dollar index also fell slightly to 105.35.
This week, the key event for the market will be the publication of the July report on the US labor market, which will be on Friday. Analysts expect jobs to rise by 250,000 after rising 372,000 in June. Everything sank on the crypto market too, Bitcoin could not hold $23K and rolled back to the level of $22,750, but everything was range given last week. Stocks in China and Hong Kong opened down 3 percent. Ethereum is down 6% in the last 24 hours. U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan in next 24h could raise the risk of war between China and the U.S., causing turmoil in global capital markets.
The outlook remains the same as long as nothing significant has happened in the market. In the event the dollar index bounces back from 104.6 or thereabouts then we shall see further drain in crypto. With continued cool off, then sideways movement.
For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000.
From interesting, Ripple sold $408.9 million worth of XRP in Q2 2022. Contrary of what one reads and at the same time encouraging #XRP #hodlers. New York Attorney General Letitia James today issued an investor alert: New Yorkers who have been affected by the dramatic devaluations of the Terra and Luna virtual currencies and the account freezes on cryptocurrency staking or earning programs, such as Anchor, Celsius, Voyager, and Stablegains, are strongly encouraged to contact OAG’s Investor Protection Bureau. Lastly, SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme – #Forsage. The alleged Fraudulent blockchain scheme spanned multiple countries including U.S., Russia and Kenya. https://www.sec.gov/news/press-release/2022-134
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $23,500- $22,750 during the day and at the time of writing the review, Bitcoin is worth $22,900.
Market capitalization $1.054 Trillion, BTC, ETH dominance index of 41.6%, 18.3%. Fear index 31. Stock markets fell yesterday. The Dow Jones plunged 0.14%, the S&P 500 shed 0.28% and the NASDAQ shed 0.18%. Gold, silver and oil sank a little. The dollar index also fell slightly to 105.35.
This week, the key event for the market will be the publication of the July report on the US labor market, which will be on Friday. Analysts expect jobs to rise by 250,000 after rising 372,000 in June. Everything sank on the crypto market too, Bitcoin could not hold $23K and rolled back to the level of $22,750, but everything was range given last week. Stocks in China and Hong Kong opened down 3 percent. Ethereum is down 6% in the last 24 hours. U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan in next 24h could raise the risk of war between China and the U.S., causing turmoil in global capital markets.
The outlook remains the same as long as nothing significant has happened in the market. In the event the dollar index bounces back from 104.6 or thereabouts then we shall see further drain in crypto. With continued cool off, then sideways movement.
For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000.
From interesting, Ripple sold $408.9 million worth of XRP in Q2 2022. Contrary of what one reads and at the same time encouraging #XRP #hodlers. New York Attorney General Letitia James today issued an investor alert: New Yorkers who have been affected by the dramatic devaluations of the Terra and Luna virtual currencies and the account freezes on cryptocurrency staking or earning programs, such as Anchor, Celsius, Voyager, and Stablegains, are strongly encouraged to contact OAG’s Investor Protection Bureau. Lastly, SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme – #Forsage. The alleged Fraudulent blockchain scheme spanned multiple countries including U.S., Russia and Kenya. https://www.sec.gov/news/press-release/2022-134
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 3.08.2022
Bitcoin was in the range of $23,460-$22,650 during the day and at the time of writing, Bitcoin is worth $22,900.
Market capitalization $1.059 Trillion, BTC, ETH dominance index of 41.2% and 18.9%, Fear index 34.
Stock markets fell yesterday, the Dow Jones fell 1.23%, the S&P 500 lost 0.67% and the NASDAQ lost 0.16%. Gold and silver also fell. The dollar index rose above 106.
Markets fell due to geopolitical tensions between the United States and China as we mentioned yesterday. (https://t.me/decryptedge/1174 )Imagine how a “lady” should be pleased because of such an amount of attention, only online more than 3 million users watched her flight, not to mention the preparations on the ground - people, equipment and everyone are worried whether it will fly or not fly. There were no salutes, but maybe it was for the best. After landing, everyone exhaled and the markets began to grow, bitcoin at the moment showed a local maximum at $23,460, but then the Chinese side announced that it would conduct exercises near Taiwan (the island would be in a ring) and then everyone tensed up again and returned to their original position.
Today, most likely, everyone is already tired of such a price movement, but this is a market and the one who knows how to wait has success. Therefore, the expectations remains the same. For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000
Interesting moves, Michael Saylor stepped down as CEO of Microstrategy and will now take over as executive chairman of the company. Source (https://cointelegraph.com/news/michael-saylor-will-step-down-as-microstrategy-ceo-but-will-remain-executive-chair).
Solana was hacked, scammers gained access to the assets of Solana network users - at the moment, more than 8,000 crypto wallets (Phantom, Trust Wallet and Slope) have been affected, from which SOL, USDC and SPL were withdrawn for about $ 10 million. If there is still an opportunity, then it is better to withdraw to exchange. Source (https://cointelegraph.com/news/ongoing-solana-based-wallet-hack-has-already-seen-millions-drained).
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of $23,460-$22,650 during the day and at the time of writing, Bitcoin is worth $22,900.
Market capitalization $1.059 Trillion, BTC, ETH dominance index of 41.2% and 18.9%, Fear index 34.
Stock markets fell yesterday, the Dow Jones fell 1.23%, the S&P 500 lost 0.67% and the NASDAQ lost 0.16%. Gold and silver also fell. The dollar index rose above 106.
Markets fell due to geopolitical tensions between the United States and China as we mentioned yesterday. (https://t.me/decryptedge/1174 )Imagine how a “lady” should be pleased because of such an amount of attention, only online more than 3 million users watched her flight, not to mention the preparations on the ground - people, equipment and everyone are worried whether it will fly or not fly. There were no salutes, but maybe it was for the best. After landing, everyone exhaled and the markets began to grow, bitcoin at the moment showed a local maximum at $23,460, but then the Chinese side announced that it would conduct exercises near Taiwan (the island would be in a ring) and then everyone tensed up again and returned to their original position.
Today, most likely, everyone is already tired of such a price movement, but this is a market and the one who knows how to wait has success. Therefore, the expectations remains the same. For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000
Interesting moves, Michael Saylor stepped down as CEO of Microstrategy and will now take over as executive chairman of the company. Source (https://cointelegraph.com/news/michael-saylor-will-step-down-as-microstrategy-ceo-but-will-remain-executive-chair).
Solana was hacked, scammers gained access to the assets of Solana network users - at the moment, more than 8,000 crypto wallets (Phantom, Trust Wallet and Slope) have been affected, from which SOL, USDC and SPL were withdrawn for about $ 10 million. If there is still an opportunity, then it is better to withdraw to exchange. Source (https://cointelegraph.com/news/ongoing-solana-based-wallet-hack-has-already-seen-millions-drained).
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
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KryptoEdge
Thoughts on the market on 2.08.2022
Bitcoin was in the range of $23,500- $22,750 during the day and at the time of writing the review, Bitcoin is worth $22,900.
Market capitalization $1.054 Trillion, BTC, ETH dominance index of 41.6%, 18.3%. Fear index…
Bitcoin was in the range of $23,500- $22,750 during the day and at the time of writing the review, Bitcoin is worth $22,900.
Market capitalization $1.054 Trillion, BTC, ETH dominance index of 41.6%, 18.3%. Fear index…
Thoughts on the market as of 04.08.2022
Bitcoin was in the range of 23630-22725 during the day and at the time of writing the review, it's worth $23,072.
Market capitalization $1.071 Trillion, BTC, ETH dominance index 40% and 18.5%, fear index 30.
Stock markets were up yesterday, the Dow Jones rose 1.29%, the NASDAQ gained 2.59% and the S&P 500 gained 1.56% to close at 4155. The dollar index rose and is now above 106.28
Oil fell below 97 (BRENT) against the backdrop of OPEC +'s statement to increase production in September by 100,000 barrels per day. President Jow Biden said that “there is no recession in the economy,” and Wikipedia even changed the definition of a recession for the United States and blocked further editing of the text, how about the independence of global information resources?
However, there is optimism in the markets. Stock markets are rising, the S&P 500 is approaching 4200, the yield of 10-year US bonds is falling. Market participants believe that the Fed will soon slow down with the tightening of monetary policy. The reason is that the peak of inflation has allegedly already been passed, the economy is shrinking, therefore, if the Fed raises the rate, it will not be so vigorous, and in 2023 it will begin to reduce it. Perhaps, market participants are right that the Fed will start generating dollars soon. The reason may be targeted assistance to combat price increases, the Russian or Chinese threat, the fight against monkeypox or another type of coronavirus. When there is no other way out, the cause will not be.
In the next few weeks, the S&P 500 expectation ought to be in the range of 4200-3800. Only geopolitics can send the markets to the bottom - for example, if China blocks Taiwan, and the United States tries to break this blockade.
Everything is going well on the crypto market. A combination of external and internal negative factors (bankruptcies of companies and funds, the collapse of LUNA, mass liquidations and forced sales in the crypto market, taking place against the backdrop of falling stock markets) had a cleansing effect. Panic holders, deer and other weak and cowardly hands are freed from crypto assets, and the markets have become extremely resistant to negativity. Even the news about the sale of a significant part of Bitcoin by TESLA did not cause a market reaction.
At the same time, there is no euphoria and expectations of rapid growth in the market. The fear index has just moved out of the zone of extreme fear into the zone of normal. Some “influencers” are now starting to talk about Bitcoin at 12K or even below 10K and calling for short positions or waiting for Bitcoin at 2020 levels. Sentimentally, the current crypto market is similar to May-June 2020 period. When the worst (March collapse) is already behind, but the majority of market participants do not believe in it and are waiting for the continuation of all sorts of horrors. What happened next was a bull rally, hindsight is, are the global financial sentiments aligned for growth?
Expectations for the market today - Bitcoin in the range with the upper limit of $23,800- $24,200 and the lower at $22,700- $22,600. If Bitcoin goes below $22,600 with consolidation, a decrease to $21,200-$20,800 is possible. For further growth, it is necessary to fix above $24,200, in this case, the next target will be the resistance area at $24,800- $25,000. Bitcoin expectations for next month is a test of $28K level and good prospects from TWT and Ether fixing above $2K.
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin was in the range of 23630-22725 during the day and at the time of writing the review, it's worth $23,072.
Market capitalization $1.071 Trillion, BTC, ETH dominance index 40% and 18.5%, fear index 30.
Stock markets were up yesterday, the Dow Jones rose 1.29%, the NASDAQ gained 2.59% and the S&P 500 gained 1.56% to close at 4155. The dollar index rose and is now above 106.28
Oil fell below 97 (BRENT) against the backdrop of OPEC +'s statement to increase production in September by 100,000 barrels per day. President Jow Biden said that “there is no recession in the economy,” and Wikipedia even changed the definition of a recession for the United States and blocked further editing of the text, how about the independence of global information resources?
However, there is optimism in the markets. Stock markets are rising, the S&P 500 is approaching 4200, the yield of 10-year US bonds is falling. Market participants believe that the Fed will soon slow down with the tightening of monetary policy. The reason is that the peak of inflation has allegedly already been passed, the economy is shrinking, therefore, if the Fed raises the rate, it will not be so vigorous, and in 2023 it will begin to reduce it. Perhaps, market participants are right that the Fed will start generating dollars soon. The reason may be targeted assistance to combat price increases, the Russian or Chinese threat, the fight against monkeypox or another type of coronavirus. When there is no other way out, the cause will not be.
In the next few weeks, the S&P 500 expectation ought to be in the range of 4200-3800. Only geopolitics can send the markets to the bottom - for example, if China blocks Taiwan, and the United States tries to break this blockade.
Everything is going well on the crypto market. A combination of external and internal negative factors (bankruptcies of companies and funds, the collapse of LUNA, mass liquidations and forced sales in the crypto market, taking place against the backdrop of falling stock markets) had a cleansing effect. Panic holders, deer and other weak and cowardly hands are freed from crypto assets, and the markets have become extremely resistant to negativity. Even the news about the sale of a significant part of Bitcoin by TESLA did not cause a market reaction.
At the same time, there is no euphoria and expectations of rapid growth in the market. The fear index has just moved out of the zone of extreme fear into the zone of normal. Some “influencers” are now starting to talk about Bitcoin at 12K or even below 10K and calling for short positions or waiting for Bitcoin at 2020 levels. Sentimentally, the current crypto market is similar to May-June 2020 period. When the worst (March collapse) is already behind, but the majority of market participants do not believe in it and are waiting for the continuation of all sorts of horrors. What happened next was a bull rally, hindsight is, are the global financial sentiments aligned for growth?
Expectations for the market today - Bitcoin in the range with the upper limit of $23,800- $24,200 and the lower at $22,700- $22,600. If Bitcoin goes below $22,600 with consolidation, a decrease to $21,200-$20,800 is possible. For further growth, it is necessary to fix above $24,200, in this case, the next target will be the resistance area at $24,800- $25,000. Bitcoin expectations for next month is a test of $28K level and good prospects from TWT and Ether fixing above $2K.
This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research