Ex-#RealMadrid #Football Player Joins a Spanish Lower Division Club in Deal Financed With Crypto. Thoughts on the market on 21.01.2021
During the last 24hrs, #Bitcoin fixed below 35K, later a correction to 33403. At night, Bitcoin price tried to return above 35k and this did not lead to success. Its now trading at about 34700 with a dominance index of 64.6% and a total crypto market capitalization of 999 billion,
Stock markets were up; US indices rose from 0.83% (Dow Jones) to 1.97% (Nasdaq). The S&P 500 closed at 3851, once again hitting highs.
Bitcoin consolidated below 35K, an attempt to return higher was unsuccessful. Option 2 is being worked out, which I spoke about here (https://t.me/decryptedge/230). At the same time, the dominance of Bitcoin is declining, alts are growing, everything is going according to plan.
Option 2 is still a priority, and #bitcoin shorters will suffer. Who are the shorters. In definition within the cryptocurrency context, digital crypto assets can be shorted in much the same way that stocks are. When a trader or investor goes short on a cryptocurrency, he or she hopes to profit from a price decrease. Shorting can be risky since a rising price could produce a huge loss. The number of wallets with a balance of more than 1000 BTS has again renewed the record highs, and the world's largest asset manager #BlackRock, which manages 7.8 trillion in assets, is going to trade settlement futures on Bitcoin. (Shorting and longing)
Some more interesting news. Ex-#RealMadrid #Football Player Joins a Spanish Lower Division Club in Deal Financed With Crypto. In a possible first for Spanish football, DUX Internacional de Madrid, a lower division team says it has used crypto to buy a new player. The player, David Barral moved to his new club after Criptan, the new club sponsor facilitated the acquisition. Criptan is a cryptocurrency trading company that is registered in Valencia, Spain. Barral’s crypto financed move, which was also announced on Twitter, sparked interest on the social media platform. For instance, some Twitter users like Mimy de Miguel wondered if Barral could also charge or receive payments in crypto. However, some crypto supporters were happy with the way the player’s acquisition was carried out. Source | news.bitcoin.
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
Stock markets were up; US indices rose from 0.83% (Dow Jones) to 1.97% (Nasdaq). The S&P 500 closed at 3851, once again hitting highs.
Bitcoin consolidated below 35K, an attempt to return higher was unsuccessful. Option 2 is being worked out, which I spoke about here (https://t.me/decryptedge/230). At the same time, the dominance of Bitcoin is declining, alts are growing, everything is going according to plan.
Option 2 is still a priority, and #bitcoin shorters will suffer. Who are the shorters. In definition within the cryptocurrency context, digital crypto assets can be shorted in much the same way that stocks are. When a trader or investor goes short on a cryptocurrency, he or she hopes to profit from a price decrease. Shorting can be risky since a rising price could produce a huge loss. The number of wallets with a balance of more than 1000 BTS has again renewed the record highs, and the world's largest asset manager #BlackRock, which manages 7.8 trillion in assets, is going to trade settlement futures on Bitcoin. (Shorting and longing)
Some more interesting news. Ex-#RealMadrid #Football Player Joins a Spanish Lower Division Club in Deal Financed With Crypto. In a possible first for Spanish football, DUX Internacional de Madrid, a lower division team says it has used crypto to buy a new player. The player, David Barral moved to his new club after Criptan, the new club sponsor facilitated the acquisition. Criptan is a cryptocurrency trading company that is registered in Valencia, Spain. Barral’s crypto financed move, which was also announced on Twitter, sparked interest on the social media platform. For instance, some Twitter users like Mimy de Miguel wondered if Barral could also charge or receive payments in crypto. However, some crypto supporters were happy with the way the player’s acquisition was carried out. Source | news.bitcoin.
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
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#Bitcoin on Saturday could not take 37800, despite several unsuccessful attempts to do so. It corrected to a low of 33863, after which buyers joined and for the last 12 hours Bitcoin has been trading in the range of 35600-36800. UPD - while writing this…
Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M in Prize Draw. Thoughts on the market on 22.01.2021
#Bitcoin continued to drain out during the day; At first, it settled below 32K, and a few hours ago, Bitcoin set a low at 28880, after which the price returned above 30500. Total Crypto-Market capitalization is 884 billion, dominance index is 64.4%.
The background markets are doing well, the indices are making new highs, the S&P 500 closed at 3853.07. At the same time, the volatility index is at a monthly low, which indicates the willingness of investors to take risks, as is evidenced by the falling dollar index, which is approaching 90.
The reason is clear - Biden promises money to the markets. $ 1.9 trillion package promise to accept in February. The markets nonetheless are now declining. Oil is in the red, Asian indices are falling, futures for the S&P 500 lost 0.3%. Why is this happening - I will post on this later this evening here.
In the crypto market, the situation is more acute. Bitcoin has been declining for the third day already, it has gone below 30K, and although this correction was quickly redeemed, this may not be the end of the story. While balancing on the verge between option 2 and option 1 from this analysis: https://t.me/decryptedge/230
If we return above 32K within 24 hours, we work out option 2. If we do not return, there may be corrections towards 26K, i.e. option 1. But even in this case, I don't think that the price will stay there for a long time. All the factors that led Bitcoin to success in 2020 persist and even intensify - from inflationary expectations due to the active work of the printing press to the interest of large players: https://web.facebook.com/decryptedgeKe/posts/669679450630053 . And no short-term leaks will change this situation, it ought to be used as an opportunity.
The main risk for Bitcoin in the short term is the actions of regulators and other obscurantists that can provoke panic. The new Treasury Secretary, Janet Yellen, has already stated "the need to explore ways in which we can reduce the use of cryptocurrencies [for criminal purposes] and make sure that money is not laundered through these channels." Usually such statements do not end well. More information about regulators and crypto is here: https://t.me/decryptedge/225
There is good news: proposals from former Finance Minister Mnuchin on the need to identify the owners of private wallets frozen by the Biden administration: On a statement posted by cointelegraph read, President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry. https://cointelegraph.com/news/president-biden-freezes-fincen-s-proposed-crypto-wallet-regulations
What they come up with in return, we'll see, but it is unlikely to be worse.
More good news - it is possible that Michael Barr, a former advisor to Ripple, will be appointed head of the Office of the Comptroller of the Currency (OCC). I think that even now he is not a stranger to Ripple, and OSS is one of the most influential structures, therefore the chances of the success of this deal are growing.
For the first time since early October, fear has returned to the crypto market. Fear Index 40 still leaves room to fall further. At the same time it heals the market, knocks out the weak hands from it, improves the quality of the audience, makes growth healthier and more organic.
On the east, focus on digital adoption is ripe, the Chinese city of Shenzhen will stage another public trial of the central bank’s in-the-works digital currency, giving away 20 million digital yuan (a little over US$3 million) via a lottery. This is the third time Shenzhen will hold one of the "red envelope" giveaways, with entrants being able to apply to win prizes of 200 digital yuan each through a random draw. The pilot is aimed to test China's in-development central bank digital currency in the hands of the public. Winners need to download an app to transact the digital coins, which can be spent at 3,500 stores equipped with the appropriate point-of-sale technology.
The background markets are doing well, the indices are making new highs, the S&P 500 closed at 3853.07. At the same time, the volatility index is at a monthly low, which indicates the willingness of investors to take risks, as is evidenced by the falling dollar index, which is approaching 90.
The reason is clear - Biden promises money to the markets. $ 1.9 trillion package promise to accept in February. The markets nonetheless are now declining. Oil is in the red, Asian indices are falling, futures for the S&P 500 lost 0.3%. Why is this happening - I will post on this later this evening here.
In the crypto market, the situation is more acute. Bitcoin has been declining for the third day already, it has gone below 30K, and although this correction was quickly redeemed, this may not be the end of the story. While balancing on the verge between option 2 and option 1 from this analysis: https://t.me/decryptedge/230
If we return above 32K within 24 hours, we work out option 2. If we do not return, there may be corrections towards 26K, i.e. option 1. But even in this case, I don't think that the price will stay there for a long time. All the factors that led Bitcoin to success in 2020 persist and even intensify - from inflationary expectations due to the active work of the printing press to the interest of large players: https://web.facebook.com/decryptedgeKe/posts/669679450630053 . And no short-term leaks will change this situation, it ought to be used as an opportunity.
The main risk for Bitcoin in the short term is the actions of regulators and other obscurantists that can provoke panic. The new Treasury Secretary, Janet Yellen, has already stated "the need to explore ways in which we can reduce the use of cryptocurrencies [for criminal purposes] and make sure that money is not laundered through these channels." Usually such statements do not end well. More information about regulators and crypto is here: https://t.me/decryptedge/225
There is good news: proposals from former Finance Minister Mnuchin on the need to identify the owners of private wallets frozen by the Biden administration: On a statement posted by cointelegraph read, President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry. https://cointelegraph.com/news/president-biden-freezes-fincen-s-proposed-crypto-wallet-regulations
What they come up with in return, we'll see, but it is unlikely to be worse.
More good news - it is possible that Michael Barr, a former advisor to Ripple, will be appointed head of the Office of the Comptroller of the Currency (OCC). I think that even now he is not a stranger to Ripple, and OSS is one of the most influential structures, therefore the chances of the success of this deal are growing.
For the first time since early October, fear has returned to the crypto market. Fear Index 40 still leaves room to fall further. At the same time it heals the market, knocks out the weak hands from it, improves the quality of the audience, makes growth healthier and more organic.
On the east, focus on digital adoption is ripe, the Chinese city of Shenzhen will stage another public trial of the central bank’s in-the-works digital currency, giving away 20 million digital yuan (a little over US$3 million) via a lottery. This is the third time Shenzhen will hold one of the "red envelope" giveaways, with entrants being able to apply to win prizes of 200 digital yuan each through a random draw. The pilot is aimed to test China's in-development central bank digital currency in the hands of the public. Winners need to download an app to transact the digital coins, which can be spent at 3,500 stores equipped with the appropriate point-of-sale technology.
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#Bitcoin on Saturday could not take 37800, despite several unsuccessful attempts to do so. It corrected to a low of 33863, after which buyers joined and for the last 12 hours Bitcoin has been trading in the range of 35600-36800. UPD - while writing this…
The city of Suzhou held a similar trial in December, also handing out 20 million digital yuan. Source | Coindesk.
With that high note of good news despite the midterm price correction, the priority option for today is a return above 32K. Alternative - a correction below 30K, followed by movement in the range with the lower border of 27-28K and from the upper one at 31000-31500.
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
With that high note of good news despite the midterm price correction, the priority option for today is a return above 32K. Alternative - a correction below 30K, followed by movement in the range with the lower border of 27-28K and from the upper one at 31000-31500.
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
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Topic: *DIGITIZATION SHIFT ..... WHERE ARE YOU?*
Time: *Jan 23, 2021 09:55 AM Nairobi*
TODAY on *BITCOIN101* - Let's learn about...
*-#*Investment Options: Bitcoin or Stocks?*
*- Crypto-Markets news and updates.*
*- Open Q & A session.*
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Topic: *DIGITIZATION SHIFT ..... WHERE ARE YOU?*
Time: *Jan 23, 2021 09:55 AM Nairobi*
TODAY on *BITCOIN101* - Let's learn about...
*-#*Investment Options: Bitcoin or Stocks?*
*- Crypto-Markets news and updates.*
*- Open Q & A session.*
Join Zoom Meeting
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Landmark #RealEstate Listing Offers Two New York Bars For 25 Bitcoin. Thoughts on the market on 23.01.2021
#Bitcoin held above 30K, with upward correction to $33800, from where it corrected down to 32000, at the time of writing the Review, Bitcoin is trading 31800. Total Crypto-Market capitalization is at $938 billion with BTC dominance index of 64.3%.
Stock markets were mainly down - the Dow Jones fell 0.57%, the S&P 500 0.30%, while the Nasdaq rose 0.09%. A strong drop in IBM shares, which fell by almost 10% against the background of the company's weak report. Apple shares have renewed highs, reaching 139.17. Oil lost about 2%, the volatility index rose, and the dollar index closed at 90.2
Fear appears in the stock markets. First, some investors understand that a situation where economies and markets exist in a parallel reality and never intersect cannot last long, even with a smoothly running printing press. Secondly, the coronavirus negativity is growing - restrictions and lockdowns begin again in a number of large economies, Biden is clearly susceptible to corona psychosis, speaks of hundreds of thousands of deaths in the near future and may quarantine the United States against all odds.
I think the beginning of next week will determine the immediate prospects for the stock market. Either the loot (a package from Biden) will beat (corona psychosis and a weak economy) this time, or many stock market participants will be surprised that the markets, it turns out, can not only grow.
On some news, Two #NewYork City bars are up for sale for a combined 25 bitcoins or 800 ether – over $800k at current prices. Bar owner Patrick Hughes has seen the worst of the Covid-19 pandemic lockdown on his operations and decided to sell the two watering holes for crypto. “Crypto is on fire, it’s a hot currency,” Hughes told the New York Post on Jan. 9. “It’s decentralized. It’s global.” The 56-year-old Ho-Ho-Kus, NJ, resident’s decision may have been motivated by bitcoin’s recent bullish run – and also the need to preserve value against a falling dollar. Source | News.bitcoin.com
On the crypto market, the priority variant from yesterday's analysis worked out, Bitcoin returned above 32K, reaching highs above 33800, after which it retested 32K and consolidated around 32400 in the last couple of hours. Altcoins are growing faster, the dominance index continued to decline and reached 64.2%.
For further growth of Bitcoin, it is necessary to gain a foothold above 32500-32600, after which we can state the continuation of the development of option 2 from this analysis. (https://t.me/decryptedge/231) in its pure form. Consider this option a priority.
Alternative option - Bitcoin does not pass 32500-32600 until the weekend, but moves in the range of 32500-30500.
In the first case, the entire TOP of the alts will grow, and the capitalization may return to 1 trillion by the beginning of the week. If the alternative variant is worked out, the altcoins will grow selectively, and the further direction of the market will be determined at the beginning of next week.
Wishing you a great weekend 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
Stock markets were mainly down - the Dow Jones fell 0.57%, the S&P 500 0.30%, while the Nasdaq rose 0.09%. A strong drop in IBM shares, which fell by almost 10% against the background of the company's weak report. Apple shares have renewed highs, reaching 139.17. Oil lost about 2%, the volatility index rose, and the dollar index closed at 90.2
Fear appears in the stock markets. First, some investors understand that a situation where economies and markets exist in a parallel reality and never intersect cannot last long, even with a smoothly running printing press. Secondly, the coronavirus negativity is growing - restrictions and lockdowns begin again in a number of large economies, Biden is clearly susceptible to corona psychosis, speaks of hundreds of thousands of deaths in the near future and may quarantine the United States against all odds.
I think the beginning of next week will determine the immediate prospects for the stock market. Either the loot (a package from Biden) will beat (corona psychosis and a weak economy) this time, or many stock market participants will be surprised that the markets, it turns out, can not only grow.
On some news, Two #NewYork City bars are up for sale for a combined 25 bitcoins or 800 ether – over $800k at current prices. Bar owner Patrick Hughes has seen the worst of the Covid-19 pandemic lockdown on his operations and decided to sell the two watering holes for crypto. “Crypto is on fire, it’s a hot currency,” Hughes told the New York Post on Jan. 9. “It’s decentralized. It’s global.” The 56-year-old Ho-Ho-Kus, NJ, resident’s decision may have been motivated by bitcoin’s recent bullish run – and also the need to preserve value against a falling dollar. Source | News.bitcoin.com
On the crypto market, the priority variant from yesterday's analysis worked out, Bitcoin returned above 32K, reaching highs above 33800, after which it retested 32K and consolidated around 32400 in the last couple of hours. Altcoins are growing faster, the dominance index continued to decline and reached 64.2%.
For further growth of Bitcoin, it is necessary to gain a foothold above 32500-32600, after which we can state the continuation of the development of option 2 from this analysis. (https://t.me/decryptedge/231) in its pure form. Consider this option a priority.
Alternative option - Bitcoin does not pass 32500-32600 until the weekend, but moves in the range of 32500-30500.
In the first case, the entire TOP of the alts will grow, and the capitalization may return to 1 trillion by the beginning of the week. If the alternative variant is worked out, the altcoins will grow selectively, and the further direction of the market will be determined at the beginning of next week.
Wishing you a great weekend 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
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I forgot to hit send button of yesterdays review. My apologies. Doing today's review and send it in a few.
$731 Million Lottery Winner advised to put 5% into Bitcoin. 2019 Winner who did so is now up 457%. Thoughts on the market on 25.01.2021.
Over the weekend, Bitcoin was in the range of 33500-30900. There was a correction below 31K, yesterday evening, and was quickly bought back, the price of #Bitcoin again returned above 32K, and now Bitcoin is trading around 32800. Total CryptoMarket capitalization is at $979 billion and Bitcoin dominance index of 62.2%.
Equity markets opened positively. The dollar index declined, S&P 500 futures opened higher and are now around 3850.
On one hand, there seems to be no reason for a positive . Biden's $ 1.9 trillion package did not receive support from the Republicans, the corona psychosis is growing, a lockdown may be announced in France, and Biden today may sign restrictions on arrivals for non-US residents from the EU.
Democrats dominance in Congress and Senate, the aid package is likely to be accepted anyway. The number of hospitalizations due to coronavirus in the United States has dropped significantly. Most probably the stock markets will remain flat for the time being - they have not yet given money to grow, and there is too much money that they gave before for a significant fall in the markets.
On the cryptomarket, after moving in a narrow range between 31600 and 32600, a control short was made at those who like to place stops (yesterday's correction from 31800 to 30900), after which the price returned above 32600.
Bitcoin's flat gives altcoins to rise - the dominance index has dropped to values that it has not been at since the beginning of December, Etherum is again above $1400. While option 2 is being worked out, which I spoke about a week ago (https://t.me/decryptedge/230).
Bitcoin's movement is very similar to June-July 2020, after a powerful growth from 6K to 9K, stayed in the range of 9000-10500 for almost 2 months. It seemed to many then that Bitcoin at 10K was expensive. But everyone remembers what happened next. The development of this option is a priority this week as well.
Interestingly, an American who won 731 million in the lottery was recommended to invest in Bitcoin. You can't argue with the recommendation, for the next couple of years only other crypto assets can overtake Bitcoin. Mad Money’s Jim Cramer Advised the $731M Powerball Jackpot Winner to Put 5% in Bitcoin. Cramer said: “When you are super rich like this, your main worry is not the taxman. You’ve got to be worried about inflation, specifically hyperinflation, that’s the only thing that can really threaten the nine-digit fortune.” Source | News.bitcoin.com
The previous lottery winner bought Bitcoin in May 2019. The Illinois resident won $ 500,000 in the lottery and invested half in bitcoins in May. The winnings amounted to approximately $ 357 thousand after tax. His investments in the first cryptocurrency amounted to about $ 178 thousand. Back on 19th April 2019 Bitcoin was trading in the range of $5500-6000. Meaning he acquired approximately 29.6BTC at the price of $6000. Fast forward to date. 29.6BTC is now up $992,662.64 If he is not a deer and did not sell Bitcoin cheaply, he has now earned several times more than he won. 457% gain to be precise.
Wishing you a great week 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
Equity markets opened positively. The dollar index declined, S&P 500 futures opened higher and are now around 3850.
On one hand, there seems to be no reason for a positive . Biden's $ 1.9 trillion package did not receive support from the Republicans, the corona psychosis is growing, a lockdown may be announced in France, and Biden today may sign restrictions on arrivals for non-US residents from the EU.
Democrats dominance in Congress and Senate, the aid package is likely to be accepted anyway. The number of hospitalizations due to coronavirus in the United States has dropped significantly. Most probably the stock markets will remain flat for the time being - they have not yet given money to grow, and there is too much money that they gave before for a significant fall in the markets.
On the cryptomarket, after moving in a narrow range between 31600 and 32600, a control short was made at those who like to place stops (yesterday's correction from 31800 to 30900), after which the price returned above 32600.
Bitcoin's flat gives altcoins to rise - the dominance index has dropped to values that it has not been at since the beginning of December, Etherum is again above $1400. While option 2 is being worked out, which I spoke about a week ago (https://t.me/decryptedge/230).
Bitcoin's movement is very similar to June-July 2020, after a powerful growth from 6K to 9K, stayed in the range of 9000-10500 for almost 2 months. It seemed to many then that Bitcoin at 10K was expensive. But everyone remembers what happened next. The development of this option is a priority this week as well.
Interestingly, an American who won 731 million in the lottery was recommended to invest in Bitcoin. You can't argue with the recommendation, for the next couple of years only other crypto assets can overtake Bitcoin. Mad Money’s Jim Cramer Advised the $731M Powerball Jackpot Winner to Put 5% in Bitcoin. Cramer said: “When you are super rich like this, your main worry is not the taxman. You’ve got to be worried about inflation, specifically hyperinflation, that’s the only thing that can really threaten the nine-digit fortune.” Source | News.bitcoin.com
The previous lottery winner bought Bitcoin in May 2019. The Illinois resident won $ 500,000 in the lottery and invested half in bitcoins in May. The winnings amounted to approximately $ 357 thousand after tax. His investments in the first cryptocurrency amounted to about $ 178 thousand. Back on 19th April 2019 Bitcoin was trading in the range of $5500-6000. Meaning he acquired approximately 29.6BTC at the price of $6000. Fast forward to date. 29.6BTC is now up $992,662.64 If he is not a deer and did not sell Bitcoin cheaply, he has now earned several times more than he won. 457% gain to be precise.
Wishing you a great week 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
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KryptoEdge
#Bitcoin on Saturday could not take 37800, despite several unsuccessful attempts to do so. It corrected to a low of 33863, after which buyers joined and for the last 12 hours Bitcoin has been trading in the range of 35600-36800. UPD - while writing this…
#Bitcoin reached highs at 34880 during the day, after which it went down. Surprisingly last night, the price dropped to 31745, but the correction was redeemed, Bitcoin returned above 32K, now it is trading at 32400. Total CryptoMarket capitalization is at 960 billion with a BTC dominance index of 62.9%
Stock markets were flat yesterday. The Dow Jones fell 0.41%, the S&P 500 rose 0.36% to close at 3855.36, the Nasdaq rose 0.69%.
Biden's plan for a 1.9 trillion bailout package is meeting resistance in Congress, and it may take 1-1.5 months to overcome this resistance. Biden continues the policy of protectionism, contradictions with China are growing. On the positive side, the Governor of California cancels self-isolation.
The dollar index is around 90.3, S&P 500 futures are declining, oil is also, and gold is showing a slight increase.
Nothing has changed much on the crypto market. Bitcoin continues to work out the option of consolidation between 30 and 40K, which we spoke about here a week ago, as a priority. The main risks are FUD. Interesting positive news The Marathon company (the largest miner in the United States), bought Bitcoin for 150 million dollars. In November 2020, the company reported record quarterly revenue. Given that Bitcoin has more than doubled since then, the record will clearly be broken. SkyBridge Capital (investment company) announces the growth of Bitcoin to 500K. They did not mention the timing). Law firm Hogan & Hogan considers it unlikely that XRP will be recognized as a security, and believes the litigation will simply result in a fine.
From the bad: this is where FUD thrives. The Canadian company NexTech AR Solutions has announced the sale of all its Bitcoins, allegedly due to the news that it has a critical vulnerability.
I don't think they are idiots. This means FUD is being prepared. #JPMorgan suddenly announced that Bitcoin cannot rise above 40K, after earlier quoting saying bitcoin could rise to $146,000 long term as it competes with gold. In some ways I agree, we gave an analysis here about the movement in the range of 40K-30K for several weeks. If they found it necessary to state this, then they clearly want to buy at the lower end of the range.
At the forum in Davos on January 25 and 28, cryptocurrencies will be discussed separately. Based on who is there, it is unlikely that something good will be said. Most likely, phrases about crime, money laundering and terrorist financing will be heard. There may be a FUD on the topic "THEY will agree and ban Bitcoin." On a twist, the Forum’s research has cited blockchain technology as a key driver of “sustainable digital finance.” Blockchain and smart contract capability, its researchers argue, can unlock “hidden values of legacy digital systems.” Source | Cointegraph
The priority option for the near future is the same - option 2 from here. In the shorter term, if FUD appears, a spillage below 32K and another test of the lower limit is possible. If this does not happen, we will grow to 35K, the further depends on the reaction to the level.
By the way, the analysis about the return of capitalization to 1 trillion was also justified at the beginning of the week, a couple of hours ago it was above 1010 billion, now it has dropped again along with Bitcoin.
I think that today the movement of the main cryptocurrency is relevant in the range with the lower border at 31500-31300 and the upper border at 34500. In the case of FUD, another test of the bottom at 30500-30600 is possible. https://t.me/decryptedge/230
Altcoins will continue to grow if Bitcoin fixes above 32500. The growth indicator will be the return of Ethereum above 1400 and market capitalization above 1 trillion.
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
Stock markets were flat yesterday. The Dow Jones fell 0.41%, the S&P 500 rose 0.36% to close at 3855.36, the Nasdaq rose 0.69%.
Biden's plan for a 1.9 trillion bailout package is meeting resistance in Congress, and it may take 1-1.5 months to overcome this resistance. Biden continues the policy of protectionism, contradictions with China are growing. On the positive side, the Governor of California cancels self-isolation.
The dollar index is around 90.3, S&P 500 futures are declining, oil is also, and gold is showing a slight increase.
Nothing has changed much on the crypto market. Bitcoin continues to work out the option of consolidation between 30 and 40K, which we spoke about here a week ago, as a priority. The main risks are FUD. Interesting positive news The Marathon company (the largest miner in the United States), bought Bitcoin for 150 million dollars. In November 2020, the company reported record quarterly revenue. Given that Bitcoin has more than doubled since then, the record will clearly be broken. SkyBridge Capital (investment company) announces the growth of Bitcoin to 500K. They did not mention the timing). Law firm Hogan & Hogan considers it unlikely that XRP will be recognized as a security, and believes the litigation will simply result in a fine.
From the bad: this is where FUD thrives. The Canadian company NexTech AR Solutions has announced the sale of all its Bitcoins, allegedly due to the news that it has a critical vulnerability.
I don't think they are idiots. This means FUD is being prepared. #JPMorgan suddenly announced that Bitcoin cannot rise above 40K, after earlier quoting saying bitcoin could rise to $146,000 long term as it competes with gold. In some ways I agree, we gave an analysis here about the movement in the range of 40K-30K for several weeks. If they found it necessary to state this, then they clearly want to buy at the lower end of the range.
At the forum in Davos on January 25 and 28, cryptocurrencies will be discussed separately. Based on who is there, it is unlikely that something good will be said. Most likely, phrases about crime, money laundering and terrorist financing will be heard. There may be a FUD on the topic "THEY will agree and ban Bitcoin." On a twist, the Forum’s research has cited blockchain technology as a key driver of “sustainable digital finance.” Blockchain and smart contract capability, its researchers argue, can unlock “hidden values of legacy digital systems.” Source | Cointegraph
The priority option for the near future is the same - option 2 from here. In the shorter term, if FUD appears, a spillage below 32K and another test of the lower limit is possible. If this does not happen, we will grow to 35K, the further depends on the reaction to the level.
By the way, the analysis about the return of capitalization to 1 trillion was also justified at the beginning of the week, a couple of hours ago it was above 1010 billion, now it has dropped again along with Bitcoin.
I think that today the movement of the main cryptocurrency is relevant in the range with the lower border at 31500-31300 and the upper border at 34500. In the case of FUD, another test of the bottom at 30500-30600 is possible. https://t.me/decryptedge/230
Altcoins will continue to grow if Bitcoin fixes above 32500. The growth indicator will be the return of Ethereum above 1400 and market capitalization above 1 trillion.
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
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#Bitcoin on Saturday could not take 37800, despite several unsuccessful attempts to do so. It corrected to a low of 33863, after which buyers joined and for the last 12 hours Bitcoin has been trading in the range of 35600-36800. UPD - while writing this…
#Bitcoin moved in the range of $31230-32750 in the last 24hrs. A spill below 31230 at the beginning of the American session was quickly redeemed, an attempt to go above 32800 at night also did not lead to success and ended in a drain from 32900 to 32050, where it is currently being traded. Total Crypto Market capitalization is at $948 billion and a BTC dominance index of 63.2%.
Stock markets are flat, practically standing still, the S&P 500 closed at 3849.62. At the beginning of the trading session, it reached highs above 3867. This was facilitated by good reports of companies that came out yesterday. General Electric grew by 8%, Microsoft and Johnson & Johnson reported well.
Later, however Biden spoiled the picture a little, saying that he was ready to compromise on the aid package, i.e. agrees to make it less than 1.9 trillion, which has returned the markets to their original positions. The dollar index is around 90.2, gold is down by 1846, oil is rising.
Everything is the same on the crypto market. Yesterday's analysis as a whole worked out - below 31300 Bitcoin did not stay long, the correction was quickly redeemed. We have not managed to take 32800 and go to the upper border of the range.
Markets expect negative news from Davos, cryptocurrencies will be discussed on 28.01.2021. In the first session on January 25, the Governor of the Bank of England Andrew Bailey noted, who said that the existence of the cryptocurrency would not last long.
As a disadvantage of cryptocurrencies, he called the unstable cost and the inability to access personal information and transactions of users, as well as the inability to restrict the use of crypt for criminal purposes. Although these are not disadvantages, but advantages. Unstable value makes it possible to earn money, and privacy and resistance to censorship is the ability to freely dispose of your assets. For this reason we value such crypto assets.
By the way, this very Bailey had already spoken about Bitcoin. In taking office, he stated that Bitcoin owners risk losing all their money, because Bitcoin has no intrinsic value. It's funny that it was March 16, 2020. Since that time, Bitcoin has grown by about 8 times. Do you still need “intrinsic value,” or is it better to just make money?
So far, Bitcoin has not fixed above 32600-32800. At the same time, the greed index is again at its highs, it would not hurt to go towards 28K for refueling. Such an opportunity may be in the case of FUD or negative from Davos, or something extreme in the stock market and will end with a quick return above 30K.
The priority option for the development of events is the same - option 2 from here (https://t.me/decryptedge/230).
Interestingly, the largest US universities have been buying crypto for the whole of 2018 ... Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at #Coinbase and other exchanges, #CoinDesk has learned. University endowments are pools of capital accumulated by academic institutions, often in the form of charitable donations. These funds, which support teaching and research, can be allocated into various assets for investment purposes. Harvard’s is the largest university endowment with over $40 billion in assets. Yale has over $30 billion, Michigan has about $12.5 billion, while Brown holds $4.7 billion. It is unknown how much each fund has allocated in crypto but it is likely a fraction of percent of their total assets. Source | #Coindesk.
Knowledge is power, better yet Knowledge is just but potential power, taking action is what counts. We have a #cryptomaster class coming up.. Make sure you are part of it. Learning all things about Cryptocurrency and how to set yourself apart. Looking at the numbers above how many times have they gained from what they have bought.. Back in 2018 Bitcoin price was ranging from $1100-$3800.
Stock markets are flat, practically standing still, the S&P 500 closed at 3849.62. At the beginning of the trading session, it reached highs above 3867. This was facilitated by good reports of companies that came out yesterday. General Electric grew by 8%, Microsoft and Johnson & Johnson reported well.
Later, however Biden spoiled the picture a little, saying that he was ready to compromise on the aid package, i.e. agrees to make it less than 1.9 trillion, which has returned the markets to their original positions. The dollar index is around 90.2, gold is down by 1846, oil is rising.
Everything is the same on the crypto market. Yesterday's analysis as a whole worked out - below 31300 Bitcoin did not stay long, the correction was quickly redeemed. We have not managed to take 32800 and go to the upper border of the range.
Markets expect negative news from Davos, cryptocurrencies will be discussed on 28.01.2021. In the first session on January 25, the Governor of the Bank of England Andrew Bailey noted, who said that the existence of the cryptocurrency would not last long.
As a disadvantage of cryptocurrencies, he called the unstable cost and the inability to access personal information and transactions of users, as well as the inability to restrict the use of crypt for criminal purposes. Although these are not disadvantages, but advantages. Unstable value makes it possible to earn money, and privacy and resistance to censorship is the ability to freely dispose of your assets. For this reason we value such crypto assets.
By the way, this very Bailey had already spoken about Bitcoin. In taking office, he stated that Bitcoin owners risk losing all their money, because Bitcoin has no intrinsic value. It's funny that it was March 16, 2020. Since that time, Bitcoin has grown by about 8 times. Do you still need “intrinsic value,” or is it better to just make money?
So far, Bitcoin has not fixed above 32600-32800. At the same time, the greed index is again at its highs, it would not hurt to go towards 28K for refueling. Such an opportunity may be in the case of FUD or negative from Davos, or something extreme in the stock market and will end with a quick return above 30K.
The priority option for the development of events is the same - option 2 from here (https://t.me/decryptedge/230).
Interestingly, the largest US universities have been buying crypto for the whole of 2018 ... Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at #Coinbase and other exchanges, #CoinDesk has learned. University endowments are pools of capital accumulated by academic institutions, often in the form of charitable donations. These funds, which support teaching and research, can be allocated into various assets for investment purposes. Harvard’s is the largest university endowment with over $40 billion in assets. Yale has over $30 billion, Michigan has about $12.5 billion, while Brown holds $4.7 billion. It is unknown how much each fund has allocated in crypto but it is likely a fraction of percent of their total assets. Source | #Coindesk.
Knowledge is power, better yet Knowledge is just but potential power, taking action is what counts. We have a #cryptomaster class coming up.. Make sure you are part of it. Learning all things about Cryptocurrency and how to set yourself apart. Looking at the numbers above how many times have they gained from what they have bought.. Back in 2018 Bitcoin price was ranging from $1100-$3800.
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KryptoEdge
#Bitcoin on Saturday could not take 37800, despite several unsuccessful attempts to do so. It corrected to a low of 33863, after which buyers joined and for the last 12 hours Bitcoin has been trading in the range of 35600-36800. UPD - while writing this…
Wishing you a good day 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