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 🙏

After a short consolidation, Bitcoin went up again and renewed highs. Less than an hour ago, set a new ATH at 35948, after which it bounced to 35300-35400, where it is currently trading. Total CryptoMarket capitalisation is at $944 billion with a #BTC dominance index 69.1%.

Financial markets were up yesterday. The S&P 500 closed at 3726, gaining 0.71%, the Dow Jones rallying 0.55% and the Nasdaq adding 0.95%.

The leaders in gainers were the oil and gas sector, which grew on news of a successful OPEC deal. The increase in production turned out to be less than expected, the Saudis showed unprecedented loyalty, who will voluntarily reduce production in February. Oil reacted as expected - Brent around 54, WTI around 50.

Bitcoin worked out an alternative option from yesterday's review - after consolidating in the range of 31000-32800, the main cryptocurrency managed to gain a foothold above 32800, after which Bitcoin took new highs. Now the ATH of Bitcoin is 35948. As mentioned, the correction below 30K on January 4 created good conditions for further growth. The brains of those who like to talk about the "bubble" and "an unsecured Bitcoin that will soon collapse" has received another blow. Some of them are already looking for options to take out a loan to buy Bitcoin. I hope not you!

Market capitalisation is 50 billion shy to hit 1 trillion. I think that a more significant correction is possible from this level. Altcoins are growing, and the Bitcoin dominance index, which is again above 69%, retains the opportunity to grow further if Bitcoin stabilises.

Unexpectedly good news from the United States - the regulator has allowed banks and savings funds to use #blockchain and stablecoins to conduct payment transactions.

Interestingly one well-known hedge fund One River Asset Management acquired Bitcoin and Ether for 600 million, back in November. And on January 2, there were large purchases on Coinbase.

In another twist, according to a report from celebrity publication Page Six, socialite Kim #Kardashian West and rapper #Kanye West are headed for a hard fork after six years of marriage. Back in July 2018, Matthew Roszak, chairman and co-founder of a blockchain technology firm publicly gifted Kim Kardashian 1 BTC, then worth about $8,000. It’s probably a pittance compared to her income, a point Roszak concedes. Regardless of its value, her Bitcoin will nonetheless come up in divorce proceedings. In California it would be treated like Community Property unless they have a prenuptial agreement, which they probably do.” (We checked: They do, but it’s unclear what their prenup says about gifted digital assets.) Community property refers to a type of income or property acquired after a marriage. Spouses equally own it. And, thus, it can be divided as part of a divorce. A California-based attorney commented. Kardashian too might want to investigate West’s #crypto dealings. The rapper famously told podcaster Joe Rogan—and his legion of listeners—in October 2020 that Bitcoiners “are guys that really have a perspective on what the true liberation of America and humanity will be.” Source | Decrypt

In closing As long as Bitcoin holds above 33700-33500, new highs are likely. A return below these levels will result in a consolidation in the 31000-34000 range. Correction from the capitalisation level of 1 trillion is possible.

As always wishing you a blessed day ahead and remember this is not traditional investment advice, do not take it as financial advice. Must do your own research. #decryptedge

Yesterday we didn't have our review, nonetheless #Bitcoin continues to hit highs, with its last ATH at $41,940.09 just a few hours ago as of writing this. Before this there were two corrections in the early morning which were bought out from the level of 36600, after which Bitcoin returned above 38K, it has since broken this level and is now trading within the 39,500-41500 range. Total CryptoMarket capitalization 1,024 billion, and BTC dominance index of 70.1%.

Stock markets were up yesterday. The Dow Jones updated the ATH, the S&P 500, which closed at 3803.79, and the Nasdaq (2.56% up) did the same. Oil continues to rise, while gold declines slightly as investors are willing to take risks and look forward to further growth in the stock market. There are no economic reasons for such growth.

There is Congress and the Senate under the Democrats who are ready to generate dollars more actively than it was before. Biden has already said that the 900 billion aid package is just the beginning, so the market reaction is quite expected. Now S&P 500 futures are growing, and Asian markets are growing too.

Bitcoin renewed its highs several times, reached the psychological level of 40K, the last ATH at 41940. Regarding the capture of 1 trillion in capitalization, as I spoke about here (https://t.me/decryptedge/185) - the level was taken several times and rolled back, now it is taken again, if we hold on, further growth will continue.

The Bitcoin Dominance Index above 70% indicates that the growth of alts is not over yet, the potential remains. The 1 trillion physiological level helped by Ripple, which rose more than 40% yesterday.

*There is a consensus on the market again about further growth, and this is dangerous.* A correction is inevitable, and the only question is, will it happen right now, or after another wave of altcoin growth? The second option is more likely.

If today there are no surprises, and Bitcoin leaves for the weekend above 38K, (or at least does not fall below 37200-37000), at the weekend I expect an increase in altcoins and a fall in the dominance index in the range of 65-67%. I consider this option a priority.

An alternative option is to take 41K fast. Then it will be the same, but one floor higher...42K

The fall of Bitcoin below 36,500 with consolidation and the loss of 1 trillion of capitalization - there will be several days of consolidation and further growth.


If you prioritize the options, then 1-2-3.
Option 1 is possible with a further transition to option 2.

Interestingly, the Bithumb exchange (the largest exchange in South Korea) is going to be acquired by the Nexon Group corporation. The estimated amount of the deal is about $ 457 million. FYI: a report by Reuters back in APRIL 12, 2019 a Local media named Amazon, Comcast and Electronic Arts as initial bidders, but Reuters could not verify that. Chinese gaming giant Tencent, its South Korean peer Kakao, as well as private equity firms Bain Capital, MBK Partners and KKR submitted initial bids, according to five sources.

So in closing: Do not forget that the end of the market cycle may already be - the TOP alts have grown significantly, and since the capitalization has hit the physiological level of 1 trillion, it can be difficult to pass this level without a rollback.

The situation will clear up over the weekend. There will be either a rollback and a retry of taking 1 trillion. (We recall how 400 billion was taken quite recently or the level of 1 trillion already fixing above it The first option is more likely.

But if the second works, the market will not have reverse gear at all for 7-10 days.

As always wishing you a blessed weekend ahead, and must always do your own research. This is not traditional investment of financial advice. #Decryptedge

Tomorrow we are back with the Bitcoin 101. @10am live on facebook and Youtube.