#Bitcoin ends the year with a powerful finishing spurt. Highs were updated several times during the day yesterday and a new ATH was set above 29370 this early morning Kenyan time. Total Crypto Market capitalization is at 761 billion with a #BTC dominance index of 70.7%.

On the stock markets, the year ends positively too - the Dow Jones updated ATH, the Nasdaq rose 0.15%, the S&P 500 rose 0.13% to close at 3732.04. The dollar index set another low, close to the previous bottom in 2018.

Interesting news, #ElonMusk believes that Mars’ economy will be run on cryptocurrency. He said early this month that he is “highly confident” that his company Spacex will land humans on Mars “about six years from now.” The subject of cryptocurrency running Mars’ economy briefly came up on Twitter last week. AI researcher Lex Fridman tweeted, “Mars economy will run on crypto.” In response, Twitter handle Elon’s World suggested, “Marscoin.” Musk himself replied with just a “Yes.” Source | news.bitcoin.com

Bitcoin continues to hit highs. Events develop according to option 2( https://t.me/decryptedge/138) If we look at the picture of the market on December 20-21 (according to the Reviews), we see that at first the events developed according to option 1. Bitcoin was in a range, altcoins moved to growth.

The XRP story spoiled the party not only collapsed this asset, but also called into question all altcoins in general. The market understood their vulnerability and weakness to external pressure, and this once again highlighted the attractiveness of Bitcoin . Therefore, the entire altcoin either went down, or stayed in place (like Litecoin, which managed to grow before that), or showed a slight increase (like Etherum).

The alts are now crushed by the burgeoning Bitcoin. In a thin market and against the background of uncertainty with XRP, #Bitcoin looks much more promising.
I will not argue about the investment attractiveness of Bitcoin. In the current situation, you can buy it at any time, sell it in a year or two, and with a high degree of probability take 100-150% of the profit. But in trading you have to buy cheap. That's why I like some key altcoins now. Which ones? You may ask.
The market capitalization is above 760 billion and is approaching ATH, the dominance index is at its highs, all possible negative XRP has already been dumped, and it will hardly be much worse before the trial in February. In this situation, the priority is to work out the market cycle and the growth of altcoins. I think the first week of the year may well be the time of the altseason. This requires the stabilization of Bitcoin in the range of 28000-29300 for several days.

As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

2020 has been a challenging year overall, but it's the best year ever for the crypto market. In %, it grew more in 2017, but then it was just a hype. 2020 there was organic growth based on quite understandable fundamental factors.

Now let's go through the key moments of the outgoing year on the crypto market.
January 1 - Bitcoin started the year at 7230
February 1 - growth above 9000, Etherum was even below 200.
Talk about the coronavirus started…

February 14 - we update the annual highs in capitalization and bounce off 10,500, the market capitalization went above 300 billion.

The decline in Bitcoin and the entire market began, which ended in a collapse on March 12-13. The reason - the collapse of financial markets against the backdrop of coronpsychosis.
March 12-13 - Bitcoin fell below 4000, market capitalization below 150 billion

Then there was a rise, a return above 9000 for a couple of months, and a flat between 9000 and 10500, which ended with the capture of the level and a quick breakthrough to 12K

In August, it was not possible to gain a foothold above 12K, followed by a September correction to 9800. After that, the 12K level was finally taken, with the consolidation and subsequent update of ATH-2019(https://t.me/decryptedge/43)

Finally, on a significant day for Bitcoin, December 17, ATH was updated, Bitcoin fixed above 20K https://t.me/decryptedge/129

After that, the ATH were repeatedly updated, including yesterday. Bitcoin ATH at the end of 2020 may well be above 30K, there is still time.

What to expect from the crypto market in 2021?

The factors that brought Bitcoin below 30K in 2020 remain and are even intensifying. Therefore, in a year we expect to see Bitcoin above 50K, and a total crypto market capitalization higher than 1.15-1.20 trillion.

Times will be bad for altcoins. Altseason will not affect everyone, outside the TOP-20, growth will be selective, the dominance index below 60% may not fall. XRP will surprise everyone in the first half of the year.

Of course, there will be no constant growth, the market does not work like that. There will definitely be a correction, moreover, I think that it is already close, and if there is no quick fixation of Bitcoin above 30K, then the count has gone on for days. The mid-term market direction is exclusively upward.

Congratulations to all readers of the channel and our entire community with the coming New Year! May 2021 bring everyone health, prosperity, good luck in markets and in life. May all the bad things be crushed by the Bull's hooves.😜

Each of us has certain dreams. When a plan is attached to a dream, it is no longer a dream, but a goal. Make plans and fulfill them in order to summarize the victories and achievements in a year. Try to grow in your business and do it as best you can, sooner or later success is inevitable.

Don't forget that money, the market and growing a good profitable portfolio are good things. What really matters most is family and those that are close to you.

Remember to always do your own research. This is not traditional investment advice (except the last two paragraphs) and ought not to be deemed as financial recommendation. Must do your own research

Happy New Year from #decryptedge. We wish you and your loved ones health and well-being this 2021!.

Blessings galore in 2021

🚀💯🚀

Yesterday after an #ATH update, #Bitcoin stabilized in the trading range of 29050-29400. Before breaking through and exiting the trading range to another all time high of $34,652 where it's currently been traded. Total crypto market capitalization $874,billion, BTC Dominance: 72.8%

Stock markets will only open tomorrow January 4th. What awaits the markets in 2021, what factors will influence them, why the shares of vaccine manufacturers are falling. We shall be sharing a brief.

The crypto market started the year with bad news - the eToro platform will also close the possibility of XRP trading from January 3, and the Bittrex Global exchange will delist Monero, Dash, Zcash and Grin coins from January 15. If the first news did not affect the market in any way, since XRP was removed from many major exchanges over the last week of the year and one more platform does not really change the picture, then the second news collapsed the rate of the listed coins by 12-15%.

The delisting of these coins suggests the following:

1. They really provide a fairly high level of anonymity and this is different from other cryptocurrencies, including Bitcoin.

2. It makes sense to purchase these coins in your portfolio in the medium term, because there will always be a demand for privacy.

3. The attack on privacy continues.

For those for whom the preservation of privacy is especially important, cryptoassets, better than any other assets, leave the opportunity to make both assets and payments anonymous.
This nonetheless requires a systematic approach at all stages - from acquiring cryptoassets to entering fiat.

Otherwise, everything is calm on the crypto market. Bitcoin is holding above 30K, altcoins, despite the blows that are raining on them from all sides, retain their upside potential. The scenarios that I spoke about on 1st January 2020 (https://t.me/decryptedge/168) remain relevant.

Most investors understand what bulls and bears denote in the stock market. Some may even know what a dead cat bounce means but there are other animals as well in the investing world. I thought to share and examine the financial traits of some of these creatures. Which one are you? See Pic Source | ET Wealth.

So in summary #BTC Achieved New High to $31xxx As we mentioned on our last market thoughts: Bitcoin closing daily above $28xxx will push BTC to $30500/$32500 easily

Right now: Current resistance zone $33500/$36500 and we looking for a reversal or sideways move from this zone so be sure you book some profits if you have any entries above 20k,

In the end, this is not financial advice, The purpose of these charts, analysis and market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏

I hope you are all following. ETH just hit $1,000. 🚀🚀🚀.

Spot on..

Borrowing from Warren Buffet: Ripple: #Grayscale bought biggest XRP amount in history on Recent the price dip. Thoughts on the market on 04.01.2021.

#Bitcoin welcomed 2021 with pomp and splendor. ATH was updated yesterday it reached 34832, after which it stabilized in the range of 32700-33800, where it is currently being traded. As of writing this Bitcoin is worth $33500. Total CryptoMarket capitalization is at $881 billion and BTC dominance index of 69.6%.

Financial markets opened on the same wavelength as they closed - risk appetite remains. The dollar index opened with a fall and stabilized around 89.6, oil is rising, BRENT has surpassed the high of December 18, 2020 and reached the levels of February 2020, which was before the collapse of the markets. Gold is trading at 1925 (not at this level since early November) which is natural with such a dollar index, S&P 500 futures are trading near the closing price, Asian indices are growing.

On the crypto market, everything is going according to yesterday's analysis https://t.me/decryptedge/172 Capitalization has once again updated ATH, now at $890.1 billion, the dominance index is decreasing, and the TOP altcoins are starting to grow. Etherum reached $1000, Litecoin $163, BNB $42. With this dominance index, the entire TOP has growth potential.

While Bitcoin indicated support at 32700, let's see how the next day goes. It is important to stay above 30K, which will be in this case, wrote in yesterday's review.

Regarding #XRP, on the one hand, Binance US will delist XRP on January 13.
But everyone has already heard about it. Surprisingly, information that the Grayscale fund before the New Year made the largest one-time purchase of XRP at an average price of 0.24 came as a shock to many. Especially for those who sold XRP in the red. The information that this fund had sold a large batch of XRP and XML was also denied, which was announced in the early days of 2021, when there was no one to refute this information, and panic sellers were draining the asset in panic. Remembering what was said about XRP in the analysis for the year(https://t.me/decryptedge/168)

This is not financial advice ought not to be considered as investment recommendation, The purpose of market thoughts and outlook is to give you a summary about Bitcoin price movement (not buy or sell advice) and the entire crypto-market so before following any idea be sure to do your own research, and ,most importantly follow your risk management. The information we share here is our sheer effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏

Bitcoin yesterday dropped from levels above 33300 to 27800, from where it quickly returned above 30K.  By this morning, Bitcoin has consolidated above 32K and tried to take 32700. So far, the attempt did not lead to success and now Bitcoin is trading at 32300-32400. Market capitalization is $881 billion with BTC dominance index of  68.3%.

Traditional markets kicked off 2021 with a dip.  American indices fell from 1.25% to 1.48%, the S&P 500 closed at 3700.65, although during the session it fell significantly lower, and began trading the session with a new high.

The negative on the market was brought by the situation with the delisting from the American exchanges of three Chinese telecom companies, which could lead to another round of trade and regulatory wars between the two largest economies in the world, as well as the incoming information about doubts about the effectiveness of the vaccine from Pfizer.

Oil fell to 50.64 amid disagreements between Russia and Saudi Arabia at the OPEC meeting. Futures on the S&P 500 are growing, oil is also recovering positions lost yesterday, gold is already at 1946, the dollar index is declining.

For the first time since the beginning of the year, #Bitcoin did not update its high during the day, but showed that it can move not only up.  Within a few hours, Bitcoin fell from 33K to 27,800, and also quickly returned above 30K. We wrote about the situation here yesterday.

At the same time, Altcoins held up quite confidently, the Bitcoin dominance index decreased, and the market capitalization increased.  Ethereum fixed above 1000 and renewed highs again.

For the market, such a situation is useful, it makes growth healthier, gets rid of weak hands, and improves the quality of the audience.  

Speaking on the quality of the audience: Singaporean Investment Company Three Arrows Capital, as part of the disclosure for the SEC, announced its position on Bitcoin by 1.2 billion and plans to increase it.  In bitcoin (BTC) terms, Three Arrows’ stake represents around 20,000 BTC of the 365,000 BTC currently held by the Grayscale fund on behalf of investors. It is a fairly large acquisition by any single investor. Source | news.bitcoin.com.

The important level is now 32700-32800. Fixation above will give the opportunity to move to new highs. But the priority option for today is movement in the range of 31000-32800.

This is not financial advice and ought not to be considered as investment recommendation, The purpose of market thoughts and outlook is to give you a summary about Bitcoin price movement (not buy or sell advice) and the entire crypto-market so before following any idea be sure to do your own research, and ,most importantly follow your risk management. The information we share here is our sheer effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏