#Bitcoin tried several times to gain a foothold above 37800 during the day, but this did not lead to success, the price was pushed back to 36500-36600, where it found support and moved back to growth. Bitcoin is currently trading at around 37350. Total Crypto Market capitalization of $1.137 billion and a BTC dominance index of 61.0%.
American indices rose from 1.08% to 1.23% yesterday. The S&P 500 hit new highs and closed at 3871. Gold dipped below 1800, oil is again approaching 60. The volatility index continues to fall, which indicates the willingness of investors to take risks, and the dollar index is growing, because currency wars begin..
The story of the confrontation between reddit WSB traders and hedge funds does not seem to end in favor of WSB. #GameStop shares, which were dispersed to 467 a week ago, are now at 53. As recently as last week, the "wolves of Wall Street" called for the help of regulators, brokers turned off the ability to buy shares and even forcibly closed positions, and Google removed batches of negative reviews about Robinhood. Having repelled the first onslaught with the help of such methods far from the market, the funds, using an unlimited financial resource, so far pressed down the WSB traders.
Take home point is playing with those who can rewrite the rules in their favor on the fly does not make sense.
The priority version of yesterday's forecast worked, Bitcoin 37800 did not take and remained in the same trading range. Several attempts to gain a foothold above 37800 were unsuccessful. But there was no strong rebound, purchases began from 36500-36600.
Today there is an expiration of 1 billion options. I think that until the end of the expiration, Bitcoin will remain in the range of 35500-37800. If today Bitcoin closes above 36500, then the weekend is likely to continue the growth of altcoins and new highs in market capitalization.
In the more medium term, the market continues to work out option 2 from here (https://t.me/decryptedge/230). The situation is increasingly reminiscent of June-July 2020, when Bitcoin was between 9000 and 10500 for almost 2 months. Now everything goes a few floors higher, but the result will be the same.
PayPal, which has actively entered the cryptocurrency topic, same as the CEO of MicroStrategy (the one that bought Bitcoin for more than 1 billion, and began to do so back in August-September 2020), held a webinar in which 1,400 companies took part. We talked about #Visa yesterday(https://t.me/decryptedge/275) . How many of them(corporates/institutions) do you think will follow the example of MicroStrategy, which out of the blue has increased its capital several times in six months? #PayPal's crypto ambitions set off with a new dedicated business unit according to CEO Daniel Schulman, who spoke during PayPal's earnings call on Wednesday. As he remarked: "We all know the current financial system is antiquated, and we can envision a future where transactions are completed in seconds, not days; a future where transactions should be less expensive to complete; and a future that enables all people to be part of the digital economy, not just the affluent. We are significantly investing in our new crypto, blockchain, and digital currencies business unit in order to help shape this more inclusive future." A source with knowledge of the plans described the business unit plan as PayPal "going all in" on such services. Source | https://www.theblockcrypto.com/
Interestingly: investment director of Guggenheim Partners (USA), clearly showed an example of market manipulation. On January 21, he announced that we will see Bitcoin at the highs of 2021, then it will fall to 20K. On January 28, he said that the 30K support level is not stable and Bitcoin may go lower. On February 2, it became known about the entry into force of Guggenheim's application to the SEC for the purchase of Bitcoin in its Macro Opportunities Fund. The next forecast from the same investment director Scott Minerd is that #Bitcoin will grow to 600,000.
American indices rose from 1.08% to 1.23% yesterday. The S&P 500 hit new highs and closed at 3871. Gold dipped below 1800, oil is again approaching 60. The volatility index continues to fall, which indicates the willingness of investors to take risks, and the dollar index is growing, because currency wars begin..
The story of the confrontation between reddit WSB traders and hedge funds does not seem to end in favor of WSB. #GameStop shares, which were dispersed to 467 a week ago, are now at 53. As recently as last week, the "wolves of Wall Street" called for the help of regulators, brokers turned off the ability to buy shares and even forcibly closed positions, and Google removed batches of negative reviews about Robinhood. Having repelled the first onslaught with the help of such methods far from the market, the funds, using an unlimited financial resource, so far pressed down the WSB traders.
Take home point is playing with those who can rewrite the rules in their favor on the fly does not make sense.
The priority version of yesterday's forecast worked, Bitcoin 37800 did not take and remained in the same trading range. Several attempts to gain a foothold above 37800 were unsuccessful. But there was no strong rebound, purchases began from 36500-36600.
Today there is an expiration of 1 billion options. I think that until the end of the expiration, Bitcoin will remain in the range of 35500-37800. If today Bitcoin closes above 36500, then the weekend is likely to continue the growth of altcoins and new highs in market capitalization.
In the more medium term, the market continues to work out option 2 from here (https://t.me/decryptedge/230). The situation is increasingly reminiscent of June-July 2020, when Bitcoin was between 9000 and 10500 for almost 2 months. Now everything goes a few floors higher, but the result will be the same.
PayPal, which has actively entered the cryptocurrency topic, same as the CEO of MicroStrategy (the one that bought Bitcoin for more than 1 billion, and began to do so back in August-September 2020), held a webinar in which 1,400 companies took part. We talked about #Visa yesterday(https://t.me/decryptedge/275) . How many of them(corporates/institutions) do you think will follow the example of MicroStrategy, which out of the blue has increased its capital several times in six months? #PayPal's crypto ambitions set off with a new dedicated business unit according to CEO Daniel Schulman, who spoke during PayPal's earnings call on Wednesday. As he remarked: "We all know the current financial system is antiquated, and we can envision a future where transactions are completed in seconds, not days; a future where transactions should be less expensive to complete; and a future that enables all people to be part of the digital economy, not just the affluent. We are significantly investing in our new crypto, blockchain, and digital currencies business unit in order to help shape this more inclusive future." A source with knowledge of the plans described the business unit plan as PayPal "going all in" on such services. Source | https://www.theblockcrypto.com/
Interestingly: investment director of Guggenheim Partners (USA), clearly showed an example of market manipulation. On January 21, he announced that we will see Bitcoin at the highs of 2021, then it will fall to 20K. On January 28, he said that the 30K support level is not stable and Bitcoin may go lower. On February 2, it became known about the entry into force of Guggenheim's application to the SEC for the purchase of Bitcoin in its Macro Opportunities Fund. The next forecast from the same investment director Scott Minerd is that #Bitcoin will grow to 600,000.
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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…
Conclusion - it doesn't matter what a person says, it is important why he does it.
Wishing you a great day and 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
Wishing you a great day and 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
#Bitcoin during the day was able to gain a foothold above 37800 and continue the upward movement. It briefly reached 39800 and fell back to 39150-39200 before a bounce back to above $40,000. With an all time high(ATH) of $40,817.01. Total Crypto Market capitalization is $1,239 billion and BTC dominance index of 60.6%.
American indices rose again yesterday. The Dow Jones added 0.3%, the Nasdaq rose 0.57%, the S&P 500 closed at 3886, gaining 0.39%, and during the trading session reached 3894. Gold and silver were up, oil is still slightly below 60.
The main positive is that the US Senate approved a resolution that will allow the adoption of a 1.9 trillion aid package without the participation of Republicans.
The indices are at their highs, the S&P 500 remained one step to 3900, and then 4000 is not far off.
Stock markets have been rising for a week now. How long this will continue and how it may end?
On the crypto market, Bitcoin was able to gain a foothold above 37800 and approached the upper border of a large range between 30K and 40K, which was mentioned here (https://t.me/decryptedge/230 priority option 2). The price has been holding above 37800 for more than 6 hours, and for the last 8 hours it has been holding above 38800, market capitalization has renewed highs and taken out of 40K. Trying to update ATH in the thin weekend market.
The priority option for the weekend is Bitcoin attempting to update the ATH, the growth of altcoins and new highs in market capitalization are possible.
Tomorrow I will write about market cycles; to one degree or another, the topic works in all markets.
#Coinbase is doing an IPO. In this regard, there is an opinion that regulation will be tightened on it and some coins will be delisted, because the exchange will be forced to listen to the wishes and recommendations of the SEC. I think that in this case, the exchange will face an outflow of clients, who will be gladly picked up by other TOP exchanges. Therefore, #Coinbase will balance the desire for an IPO and the long-term interests of the business.
In Nigeria, the central bank has banned banks from opening accounts for cryptocurrency companies. Although it is a fairly large country with a population larger than Russia, and according to Paxful, Nigeria has the second largest Bitcoin trade in the world, the market did not react to the situation. Apparently, because the ban on banks from working with crypto companies will not particularly affect interest in Bitcoin or volumes. #Binance temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited under a 2017 circular stating bitcoin (BTC) and other cryptocurrencies are not legal tender in the country. While the move might impact fiat on- and off-ramps, most of the nation’s crypto trading occurs on peer-to-peer platforms and remains unaffected, according to sources in Nigeria. Source | Coindesk
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
American indices rose again yesterday. The Dow Jones added 0.3%, the Nasdaq rose 0.57%, the S&P 500 closed at 3886, gaining 0.39%, and during the trading session reached 3894. Gold and silver were up, oil is still slightly below 60.
The main positive is that the US Senate approved a resolution that will allow the adoption of a 1.9 trillion aid package without the participation of Republicans.
The indices are at their highs, the S&P 500 remained one step to 3900, and then 4000 is not far off.
Stock markets have been rising for a week now. How long this will continue and how it may end?
On the crypto market, Bitcoin was able to gain a foothold above 37800 and approached the upper border of a large range between 30K and 40K, which was mentioned here (https://t.me/decryptedge/230 priority option 2). The price has been holding above 37800 for more than 6 hours, and for the last 8 hours it has been holding above 38800, market capitalization has renewed highs and taken out of 40K. Trying to update ATH in the thin weekend market.
The priority option for the weekend is Bitcoin attempting to update the ATH, the growth of altcoins and new highs in market capitalization are possible.
Tomorrow I will write about market cycles; to one degree or another, the topic works in all markets.
#Coinbase is doing an IPO. In this regard, there is an opinion that regulation will be tightened on it and some coins will be delisted, because the exchange will be forced to listen to the wishes and recommendations of the SEC. I think that in this case, the exchange will face an outflow of clients, who will be gladly picked up by other TOP exchanges. Therefore, #Coinbase will balance the desire for an IPO and the long-term interests of the business.
In Nigeria, the central bank has banned banks from opening accounts for cryptocurrency companies. Although it is a fairly large country with a population larger than Russia, and according to Paxful, Nigeria has the second largest Bitcoin trade in the world, the market did not react to the situation. Apparently, because the ban on banks from working with crypto companies will not particularly affect interest in Bitcoin or volumes. #Binance temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited under a 2017 circular stating bitcoin (BTC) and other cryptocurrencies are not legal tender in the country. While the move might impact fiat on- and off-ramps, most of the nation’s crypto trading occurs on peer-to-peer platforms and remains unaffected, according to sources in Nigeria. Source | Coindesk
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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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…
$3 Billion Hedge Fund to Invest in #Bitcoin. Thoughts on the market on 08.02.2021
#Bitcoin spent the weekend in a range between 40900 and 37900. Last night the corrections to $37,350 were quickly brought back, its trading at the 38300-38400.price range. Total crypto market capitalization is at 1172 billion with a BTC dominance index of 61.2%.
Stock markets opened higher, futures for the S&P 500 reached 3900, oil came close to 60, and Asian indices are also growing.
It was announced yesterday that the aid package for 1.9 trillion. will be adopted by the end of February. Biden stated about the need for a quick solution to the issue, Pelosi designated the deadline until the end of February. Markets reacted like Pavlov's dog to a light bulb and renewed highs again.
Yellen is already talking about inflationary risks. What will happen next and how it will affect everyone? I promise to write about this later today.
The priority version of our review has been worked out on the crypto market (https://t.me/decryptedge/281). Bitcoin remained in the range indicated there. An attempt to go above 40K ended with a rebound from 40900. The correction was stopped at 37350, after which the was held for more than 12 hours in a range with support at 37900 and resistance at 38900-39000.
Total Crypto Market capitalization renewed highs above 1221 billion, but as of writing this review it now has decreased to 1166 billion. The priority option for today is Bitcoin in the 37900-40900 range. Fixing above 40K with a successful retest, ATH update is possible.
An alternative option is to go below 37800 and form a trading range one floor below. If the priority option is worked out, capitalization maxima are also likely.
Interestingly, the well-known investment fund Miller Opportunity Trust, which manages assets of 2.25 billion, has notified the SEC of plans to invest 15% of its assets in Bitcoin through Grayscale Investments. Until this moment, the largest share of the fund in one asset is 6.1% in UBER, and the Bitcoin fund is going to go to 15%. Bill Miller has been investing personal capital in Bitcoin since 2014.
The man is 67 years old and he could well have been in captivity of a conservative approach, talking about "unsecured Bitcoin, which will soon be banned by regulators." Seems he acquired enough brains to figure out the situation back in 2014 and buy Bitcoin at a price of $ 300 to $ 500.
This is not financial advice, 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 🙏. #Decryptedge.
Stock markets opened higher, futures for the S&P 500 reached 3900, oil came close to 60, and Asian indices are also growing.
It was announced yesterday that the aid package for 1.9 trillion. will be adopted by the end of February. Biden stated about the need for a quick solution to the issue, Pelosi designated the deadline until the end of February. Markets reacted like Pavlov's dog to a light bulb and renewed highs again.
Yellen is already talking about inflationary risks. What will happen next and how it will affect everyone? I promise to write about this later today.
The priority version of our review has been worked out on the crypto market (https://t.me/decryptedge/281). Bitcoin remained in the range indicated there. An attempt to go above 40K ended with a rebound from 40900. The correction was stopped at 37350, after which the was held for more than 12 hours in a range with support at 37900 and resistance at 38900-39000.
Total Crypto Market capitalization renewed highs above 1221 billion, but as of writing this review it now has decreased to 1166 billion. The priority option for today is Bitcoin in the 37900-40900 range. Fixing above 40K with a successful retest, ATH update is possible.
An alternative option is to go below 37800 and form a trading range one floor below. If the priority option is worked out, capitalization maxima are also likely.
Interestingly, the well-known investment fund Miller Opportunity Trust, which manages assets of 2.25 billion, has notified the SEC of plans to invest 15% of its assets in Bitcoin through Grayscale Investments. Until this moment, the largest share of the fund in one asset is 6.1% in UBER, and the Bitcoin fund is going to go to 15%. Bill Miller has been investing personal capital in Bitcoin since 2014.
The man is 67 years old and he could well have been in captivity of a conservative approach, talking about "unsecured Bitcoin, which will soon be banned by regulators." Seems he acquired enough brains to figure out the situation back in 2014 and buy Bitcoin at a price of $ 300 to $ 500.
This is not financial advice, 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 🙏. #Decryptedge.
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KryptoEdge
#Bitcoin during the day was able to gain a foothold above 37800 and continue the upward movement. It briefly reached 39800 and fell back to 39150-39200 before a bounce back to above $40,000. With an all time high(ATH) of $40,817.01. Total Crypto Market…
Larry Ellison’s Oracle Could Be Next in Line to Buy Bitcoin
Thoughts on the market on 10.02.2021
Within the last 24hrs after yesterday's review, #Bitcoin once again updated its ATH, reaching 48266 on #Binance, after which it stabilized in the 45500-47500 range. At the time of this writing this review, bitcoin is trading at around 46,900. Total Crypto Market capitalization is at $1,399 billion with BTC dominance index of 61.8%.
Stock markets were flat yesterday. The Dow Jones shed 0.03%, the Nasdaq rose 0.14%, the S&P 500 fell 0.11% to close at 3911.23. Oil declined marginally, but held above 60. The dollar index is down, gold and silver are stable.
The US Senate has recognized the constitutionality of the Trump impeachment process. Some Republicans even voted for this. Robert Kaplan of the Fed spoke about the risk of inflation as the US economy recovers.
The priority version of yesterday's Review has worked on the crypto market, ATH has been updated. Bitcoin found support above 45K, corrections below 45,700 were quickly redeemed, but price lows at around 45060.
The ATH for market capitalization was updated, and the dominance index fell below 62%. There is only one shot left to 50K. It is quite possible that this will happen today.
Considering that 50K is a serious psychological level, I do not exclude that an unsuccessful attempt to take it can lead to a rollback of the Bitcoin price to 42800-43000, and if this level does not resist, then to 37800-38000. The priority option for today is Bitcoin in the 45000-48000 range, with a subsequent attempt to take 50K and a possible ATH update.
Here (https://t.me/decryptedge/283) we spoke about Bill Miller, who bought Bitcoin back in 2014. Here's another example that rich people are rich because they think and act faster than most people.. Mexican billionaire Ricardo Salinas Pliego bought Bitcoin back in 2013, sold it in 2017, and invested 10% of his portfolio in Bitcoin in November 2020. (https://t.me/decryptedge/76) XRP(Ripple) denouement is approaching, will share the potential play and effect.
In closing, Larry Ellison’s Oracle Could Be Next in Line to Buy Bitcoin after Tesla’s purchase of $1.5 billion in bitcoin, speculations emerged in the cryptocurrency field who would be the next giant name to enter the BTC ecosystem. This is after a tweet sent out by Elon Musk. Larry sits on the Tesla board of directors - and Oracle has $38bn in cash.
On that high note: have a blessed day and remember must do your own research; this is not traditional investment of financial advice. #decryptedge
Thoughts on the market on 10.02.2021
Within the last 24hrs after yesterday's review, #Bitcoin once again updated its ATH, reaching 48266 on #Binance, after which it stabilized in the 45500-47500 range. At the time of this writing this review, bitcoin is trading at around 46,900. Total Crypto Market capitalization is at $1,399 billion with BTC dominance index of 61.8%.
Stock markets were flat yesterday. The Dow Jones shed 0.03%, the Nasdaq rose 0.14%, the S&P 500 fell 0.11% to close at 3911.23. Oil declined marginally, but held above 60. The dollar index is down, gold and silver are stable.
The US Senate has recognized the constitutionality of the Trump impeachment process. Some Republicans even voted for this. Robert Kaplan of the Fed spoke about the risk of inflation as the US economy recovers.
The priority version of yesterday's Review has worked on the crypto market, ATH has been updated. Bitcoin found support above 45K, corrections below 45,700 were quickly redeemed, but price lows at around 45060.
The ATH for market capitalization was updated, and the dominance index fell below 62%. There is only one shot left to 50K. It is quite possible that this will happen today.
Considering that 50K is a serious psychological level, I do not exclude that an unsuccessful attempt to take it can lead to a rollback of the Bitcoin price to 42800-43000, and if this level does not resist, then to 37800-38000. The priority option for today is Bitcoin in the 45000-48000 range, with a subsequent attempt to take 50K and a possible ATH update.
Here (https://t.me/decryptedge/283) we spoke about Bill Miller, who bought Bitcoin back in 2014. Here's another example that rich people are rich because they think and act faster than most people.. Mexican billionaire Ricardo Salinas Pliego bought Bitcoin back in 2013, sold it in 2017, and invested 10% of his portfolio in Bitcoin in November 2020. (https://t.me/decryptedge/76) XRP(Ripple) denouement is approaching, will share the potential play and effect.
In closing, Larry Ellison’s Oracle Could Be Next in Line to Buy Bitcoin after Tesla’s purchase of $1.5 billion in bitcoin, speculations emerged in the cryptocurrency field who would be the next giant name to enter the BTC ecosystem. This is after a tweet sent out by Elon Musk. Larry sits on the Tesla board of directors - and Oracle has $38bn in cash.
On that high note: have a blessed day and remember must do your own research; this is not traditional investment of financial advice. #decryptedge
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KryptoEdge
#Bitcoin spent the weekend in a range between 40900 and 37900. Last night the corrections to $37,350 were quickly brought back, its trading at the 38300-38400.price range. Total crypto market capitalization is at 1172 billion with a BTC dominance index of…
Elon Musk’s #Bitcoin Tweets Move Markets. Is That Illegal?
Thoughts on the market on 11.02.2021
Thoughts on the market on 11.02.2021
#Bitcoin has not yet been able to overcome the resistance at 47500, and has moved to a decline. Support level at 45,500 was lost, #Bitcoin made two attempts to return above 45K, but did not lead to success and at the time of writing this review Bitcoin is trading around 44,750. Total Crypto Market capitalization is now at $1.365 billion, #BTC at dominance index of 60.9%
Stock markets are flat again. Dow Jones is up 0.2%, Nasdaq is down 0.25%, S&P 500 is down 0.03% to close at 3909. Twitter shares rallied as if Jack Dorsey had bought Bitcoin. It is possible that news of this awaits us in the near future. At least he has already launched a full Bitcoin node, and Square: owned by Jack too bought Bitcoin for 50 million back in October 2020: Thoughts on the market on 02/11/2021
Bitcoin has not yet been able to overcome the resistance at 47500, and moved to a decline. Support at 45,500 was lost, the main cryptocurrency made two attempts to return above 45K, but they did not lead to success and at the time of writing the Review, Bitcoin is trading around 44,750.
Market capitalization 1365 billion, dominance index 60.9%
Stock markets are flat again. Dow Jones is up 0.2%, Nasdaq is down 0.25%, S&P 500 is down 0.03% to close at 3909
Twitter shares rallied as if Jack Dorsey had bought Bitcoin. It is possible that news of this awaits us in the near future. At least he has already launched a full Bitcoin node, and Square, owned by the owner of Twitter, bought Bitcoin for 50 million back in October 2020: The rest of the market is the same picture - the dollar index is slightly below 90.5, oil is holding above 61, for further growth we need a positive on the aid package and confirmation that this will continue and the cash flow from the Fed will not dry out. The markets may be frightened by the data on the acceleration of inflation (since the Fed in response may reduce incentives), or the negative on coronavirus and vaccines.
An alternative option has worked on the crypto market so far. Bitcoin twice failed to pass the resistance at 47500, after which it went down. Support at 45500 did not resist, a lows of about 43770 was reached, after which Bitcoin has already tried to return above 45K three times, but so far unsuccessfully.
At the same time, altcoins are not particularly falling, the dominance index is already below 61%. Ethereum is holding above 1700, XRP is growing and is already above 0.5, BNB is above all expectations. If Bitcoin remains above 43K until the weekend, or better yet returns above 45K, further growth in altcoins and new records in market capitalization is possible. Let's not forget about market cycles. The standard market cycle assumes that after the growth of Bitcoin, alts also grow. TOP first, then everything else.
Stock markets are flat again. Dow Jones is up 0.2%, Nasdaq is down 0.25%, S&P 500 is down 0.03% to close at 3909. Twitter shares rallied as if Jack Dorsey had bought Bitcoin. It is possible that news of this awaits us in the near future. At least he has already launched a full Bitcoin node, and Square: owned by Jack too bought Bitcoin for 50 million back in October 2020: Thoughts on the market on 02/11/2021
Bitcoin has not yet been able to overcome the resistance at 47500, and moved to a decline. Support at 45,500 was lost, the main cryptocurrency made two attempts to return above 45K, but they did not lead to success and at the time of writing the Review, Bitcoin is trading around 44,750.
Market capitalization 1365 billion, dominance index 60.9%
Stock markets are flat again. Dow Jones is up 0.2%, Nasdaq is down 0.25%, S&P 500 is down 0.03% to close at 3909
Twitter shares rallied as if Jack Dorsey had bought Bitcoin. It is possible that news of this awaits us in the near future. At least he has already launched a full Bitcoin node, and Square, owned by the owner of Twitter, bought Bitcoin for 50 million back in October 2020: The rest of the market is the same picture - the dollar index is slightly below 90.5, oil is holding above 61, for further growth we need a positive on the aid package and confirmation that this will continue and the cash flow from the Fed will not dry out. The markets may be frightened by the data on the acceleration of inflation (since the Fed in response may reduce incentives), or the negative on coronavirus and vaccines.
An alternative option has worked on the crypto market so far. Bitcoin twice failed to pass the resistance at 47500, after which it went down. Support at 45500 did not resist, a lows of about 43770 was reached, after which Bitcoin has already tried to return above 45K three times, but so far unsuccessfully.
At the same time, altcoins are not particularly falling, the dominance index is already below 61%. Ethereum is holding above 1700, XRP is growing and is already above 0.5, BNB is above all expectations. If Bitcoin remains above 43K until the weekend, or better yet returns above 45K, further growth in altcoins and new records in market capitalization is possible. Let's not forget about market cycles. The standard market cycle assumes that after the growth of Bitcoin, alts also grow. TOP first, then everything else.
To some news, #ElonMusk, who has 46 million followers on Twitter, has clarified that his Dogecoin posts are “really just meant to be jokes,” but according to a recent study from the Blockchain Research Lab, they still exert significant influence over the market: one December tweet sent the price up 8% in five minutes. And the same goes for Bitcoin—when Musk added the Bitcoin hashtag to his Twitter bio, the market pumped nearly 20%. But is it market manipulation? Since Tesla announced its $1.5 billion investment in Bitcoin earlier this week, the question of whether Musk can continue to tweet reckless things about cryptocurrencies is less clear-cut. Eric Goldman, a law professor at Santa Clara University, explained that questionable tweets, however, offer some wiggle room, thanks to what he called “the fast-and-furious nature of online discourse.” “In general, courts routinely assume that most readers of Internet content—especially in a forum like Twitter—do not take social media posts seriously,” he said, adding that former President Trump has avoided lawsuits on this basis. “Having said that, market regulators—especially organizations like the Securities and Exchange Commission—are very much alert to the risks of pump-and-dump schemes.”
According to Goldman, Musk’s adding the Bitcoin hashtag to his Twitter bio “is probably nowhere close to that line.” While Musk may be safe from government regulators for now, his addiction to erratic, meme-based posting remains a potential liability—though, who among us can’t relate? Source | Decrypt.co
In closing, given the decline in Bitcoin with the stable or rising of altcoins, it looks like another market cycle is nearing completion. It can end with the capture of 50K Bitcoin, with the subsequent growth of the alts, and the fall of Bitcoin in the area of 37800-40000, while the alts will suffer more significantly.
If Bitcoin does not return above 45K, a test of support at 42800-43000 is likely, further depending on the reaction to this level.
If we fix above 45K, then the next resistance is at 47500, after it is taken and consolidated, the maximums are updated.
The priority option for today and tomorrow is Bitcoin in the range 42800-47500. In case of exiting this range with consolidation, the market picture changes.
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
According to Goldman, Musk’s adding the Bitcoin hashtag to his Twitter bio “is probably nowhere close to that line.” While Musk may be safe from government regulators for now, his addiction to erratic, meme-based posting remains a potential liability—though, who among us can’t relate? Source | Decrypt.co
In closing, given the decline in Bitcoin with the stable or rising of altcoins, it looks like another market cycle is nearing completion. It can end with the capture of 50K Bitcoin, with the subsequent growth of the alts, and the fall of Bitcoin in the area of 37800-40000, while the alts will suffer more significantly.
If Bitcoin does not return above 45K, a test of support at 42800-43000 is likely, further depending on the reaction to this level.
If we fix above 45K, then the next resistance is at 47500, after it is taken and consolidated, the maximums are updated.
The priority option for today and tomorrow is Bitcoin in the range 42800-47500. In case of exiting this range with consolidation, the market picture changes.
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
We talked about market cycles when in early January we discussed whether there will be an alt season, it was really a matter of when. It is inevitable, because the standard market cycle assumes that after the growth of Bitcoin, altcoins also grow. TOP tier first, then everything else.
And so it happened. The Bitcoin dominance index from values above 70%, which was in the beginning of January, is now about 61%, altcoins have grown, market capitalization is renewing its highs and is already above $1.2 trillion.
After the end of the market cycle, usually there is either a strong correction followed by consolidation, or further growth in Bitcoin, followed by the entire market.
For example, after Bitcoin left the 9000-10500 range at the end of July 2020, there was the August local alt season, then a short drain of Bitcoin to 10K, then growth to new highs. Altcoins (mainly the TOP tier), however, returned to August levels only in January 2021.
The standard market cycle of the cryptocurrency market is the growth of Bitcoin (often along with Etherum), which ends with the stabilization of Bitcoin at certain levels. Then the money flows into altcoins, the Bitcoin dominance index falls, and the alt season begins.
At this stage, the TOP altcoins first grows, then ̶the others grow, everything else (recently, selectively). This stage can take several weeks, and often the same mistake is made.
Those who did not have time to buy Bitcoin, or sold it early, are often afraid to re-enter. That's why they buy in FOMO.
Personally I didn't buy Bitcoin at 30K - I bought Ethereum below 700, wrote here too. It grew even faster and more. Often at this stage dubious assets are chosen, considering them undervalued, they are not just underestimated, they are simply not needed by anyone.
There are now 8407 coins on the CMC, a few thousand more of those that did not get there. This is more than 3 times more than in 2017-2018. Money, of course, is also many times more. But smart money goes to Bitcoin, partly to Ether, and they can enter the rest of the TOP coins in much smaller amounts.
Therefore, if the stability of Bitcoin, which I noticed at the beginning of Q4 of 2020, is preserved even now, then in altcoins the composition of the audience is the same. Now everyone is throwing themselves at anything that can grow. Ideas like “let's all buy Ripple together”, Elon Musk's tweet, X's in DeFi - these are not institutions or big players doing, this is exactly the kind of audience. If Bitcoin moves towards 30K or lower, they will drain alts at a staggering speed.
Such stories end with the fact that profit gains received on Bitcoin or Ethereum turns out to be planted in some kind of scam of the third echelon, whose prospects of growing to previous levels are very doubtful.
The picture is similar in the wall street stock markets. In Q2 2020, the TOP - large technology companies, such as Apple, Google, AMAZON, grew. Even now, they are doing pretty well, but the growth there is quite smooth. If we draw an analogy with the crypto market, then it is like Bitcoin and Ether.
In the fall, industry and finance grew more, as well as other sectors, which fell in March 2020, but recovered weakly by that time. It's like TOP alts like Cardano, Litecoin, Chainlink.
Now the crowd is moving to where the X's are made - either GameStop and other topics from WSB, or in a cannabis company, or in dubious topics like Nicola.
If we draw an analogy with the crypto market, then these are shitcoins. That is, market cycles are approximately the same for both traditional wall street and the crypto.
Growth of TOP assets, growth of the bulk of assets, growth of doubtful (high-risk) assets.
What happens next?
There are two options.
Correction of TOP assets and the entire market. At the same time, the smaller the capitalization of an asset, the stronger its fall and the less chances of recovery. Or another wave of growth of the TOP asset, followed by the growth of everything else.
And so it happened. The Bitcoin dominance index from values above 70%, which was in the beginning of January, is now about 61%, altcoins have grown, market capitalization is renewing its highs and is already above $1.2 trillion.
After the end of the market cycle, usually there is either a strong correction followed by consolidation, or further growth in Bitcoin, followed by the entire market.
For example, after Bitcoin left the 9000-10500 range at the end of July 2020, there was the August local alt season, then a short drain of Bitcoin to 10K, then growth to new highs. Altcoins (mainly the TOP tier), however, returned to August levels only in January 2021.
The standard market cycle of the cryptocurrency market is the growth of Bitcoin (often along with Etherum), which ends with the stabilization of Bitcoin at certain levels. Then the money flows into altcoins, the Bitcoin dominance index falls, and the alt season begins.
At this stage, the TOP altcoins first grows, then ̶the others grow, everything else (recently, selectively). This stage can take several weeks, and often the same mistake is made.
Those who did not have time to buy Bitcoin, or sold it early, are often afraid to re-enter. That's why they buy in FOMO.
Personally I didn't buy Bitcoin at 30K - I bought Ethereum below 700, wrote here too. It grew even faster and more. Often at this stage dubious assets are chosen, considering them undervalued, they are not just underestimated, they are simply not needed by anyone.
There are now 8407 coins on the CMC, a few thousand more of those that did not get there. This is more than 3 times more than in 2017-2018. Money, of course, is also many times more. But smart money goes to Bitcoin, partly to Ether, and they can enter the rest of the TOP coins in much smaller amounts.
Therefore, if the stability of Bitcoin, which I noticed at the beginning of Q4 of 2020, is preserved even now, then in altcoins the composition of the audience is the same. Now everyone is throwing themselves at anything that can grow. Ideas like “let's all buy Ripple together”, Elon Musk's tweet, X's in DeFi - these are not institutions or big players doing, this is exactly the kind of audience. If Bitcoin moves towards 30K or lower, they will drain alts at a staggering speed.
Such stories end with the fact that profit gains received on Bitcoin or Ethereum turns out to be planted in some kind of scam of the third echelon, whose prospects of growing to previous levels are very doubtful.
The picture is similar in the wall street stock markets. In Q2 2020, the TOP - large technology companies, such as Apple, Google, AMAZON, grew. Even now, they are doing pretty well, but the growth there is quite smooth. If we draw an analogy with the crypto market, then it is like Bitcoin and Ether.
In the fall, industry and finance grew more, as well as other sectors, which fell in March 2020, but recovered weakly by that time. It's like TOP alts like Cardano, Litecoin, Chainlink.
Now the crowd is moving to where the X's are made - either GameStop and other topics from WSB, or in a cannabis company, or in dubious topics like Nicola.
If we draw an analogy with the crypto market, then these are shitcoins. That is, market cycles are approximately the same for both traditional wall street and the crypto.
Growth of TOP assets, growth of the bulk of assets, growth of doubtful (high-risk) assets.
What happens next?
There are two options.
Correction of TOP assets and the entire market. At the same time, the smaller the capitalization of an asset, the stronger its fall and the less chances of recovery. Or another wave of growth of the TOP asset, followed by the growth of everything else.
I will not even discuss now which option is more likely for the crypto, since this is quite obvious. Whether we go to 50K directly from here, or once again descend to 30K, nothing really changes.
The question is what to do to be prepared for both options.
#Decrytedge
The question is what to do to be prepared for both options.
#Decrytedge
In the last 24hrs, #Bitcoin fixed above $47500 and several times renewed its highs, reaching $49278. For the last 4 hours, #Bitcoin has been trading in a narrow range of 47800-48560. And at the time of this writing, the price of Bitcoin was 48015 and it just dropped to 47100. Total Crypto Market capitalization is at $1.424 billion with BTC dominance index of 61.7%.
The stock market continues to be flat. The Dow Jones shed 0.02%, the Nasdaq rose 0.38%, the S&P 500 added 0.17% to close at 3916.38. The dollar index is above 90.5, oil and gold declined slightly. There was weak data on the US labor market, there is no news on the aid package yet, therefore, if there is no positive about the timing of the distribution of money, the S&P 500 may correct below 3900 amid profit taking.
The priority option worked on the crypto market - ATH was updated again, now it is at 49278. The market capitalization high was also updated, above 1,462 billion. It is interesting that a little more than 3 months ago we talked about the importance of taking out the capitalization level of $400 billion. https://t.me/decryptedge/35 Most probably the capitalization level of 1.5 trillion. will be tested not until Monday. Or maybe taken even out. The priority option for Bitcoin is the 50K test, updating its highs. Further depends on the reaction to the level. In case the attempt is unsuccessful, a return to the trading range 46800-44500 is possible. Then we will take 50K next week.
Any scenario where Bitcoin stays above 44500-45000 will result in an altcoin season over the weekend. The main thing is not to forget about market cycles and not get carried away with Shitcoins. In case of a leak, pick up and load up more Bitcoin and Ether.
Why - read here: https://t.me/decryptedge/291
Interestingly, there is no usual Chinese New Year effect this year. Over the past few years, the price of Bitcoin has been declining these days and trading volumes on exchanges have been falling. This was due to the fact that Chinese traders and miners are withdrawing funds ahead of the holiday week. But there is no such effect this year - Bitcoin is celebrating Chinese New Year at new highs. I think there are two reasons. First, the decline in the market share of Chinese traders and miners. And not because there are fewer of them, but due to an increase in volumes from the rest of the world. Second, due to travel restrictions, the Chinese withdraw less money. If earlier they flew in mass to Paris, Milan, Dubai at this time, now, due to coronavirus, many will remain at home.
Interesting note: SEC's Esther Pierce says the market is ready for a Bitcoin ETF. The regulator playfully known as "crypto mom" said people are already eager to trade a bitcoin ETP, "and so if we don’t give them the natural way, which I think would be an ETP, they are going to look for other (less optimal) ways to do it." Peirce also pushed back in her interview against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. She cast doubt on the size of the alleged problem and insisted there was no way to ban bitcoin outright. Pierce said she looks forward to working with SEC chairman nominee Gary Gensler once the former MIT digital currency professor is confirmed by the Senate. Source: Coindesk.
In definition Exchange for Physical (EFP) transactions are privately negotiated trades between two counterparties allowing them to simultaneously transfer a futures position for an equivalent spot market position or vice versa. On the other hand an ETF, or exchange traded fund which is more popular is an investment vehicle that tracks the value of its underlying asset—such as Bitcoin. Shares in a Bitcoin ETF would be tradable on a traditional stock exchange. Since 2017, the US Securities and Exchange Commission (SEC) has repeatedly rejected proposals for Bitcoin ETFs. Companies have been trying to push it since 2013. We recently said that we expect success in this direction in 2021:https://t.me/decryptedge/239.
The stock market continues to be flat. The Dow Jones shed 0.02%, the Nasdaq rose 0.38%, the S&P 500 added 0.17% to close at 3916.38. The dollar index is above 90.5, oil and gold declined slightly. There was weak data on the US labor market, there is no news on the aid package yet, therefore, if there is no positive about the timing of the distribution of money, the S&P 500 may correct below 3900 amid profit taking.
The priority option worked on the crypto market - ATH was updated again, now it is at 49278. The market capitalization high was also updated, above 1,462 billion. It is interesting that a little more than 3 months ago we talked about the importance of taking out the capitalization level of $400 billion. https://t.me/decryptedge/35 Most probably the capitalization level of 1.5 trillion. will be tested not until Monday. Or maybe taken even out. The priority option for Bitcoin is the 50K test, updating its highs. Further depends on the reaction to the level. In case the attempt is unsuccessful, a return to the trading range 46800-44500 is possible. Then we will take 50K next week.
Any scenario where Bitcoin stays above 44500-45000 will result in an altcoin season over the weekend. The main thing is not to forget about market cycles and not get carried away with Shitcoins. In case of a leak, pick up and load up more Bitcoin and Ether.
Why - read here: https://t.me/decryptedge/291
Interestingly, there is no usual Chinese New Year effect this year. Over the past few years, the price of Bitcoin has been declining these days and trading volumes on exchanges have been falling. This was due to the fact that Chinese traders and miners are withdrawing funds ahead of the holiday week. But there is no such effect this year - Bitcoin is celebrating Chinese New Year at new highs. I think there are two reasons. First, the decline in the market share of Chinese traders and miners. And not because there are fewer of them, but due to an increase in volumes from the rest of the world. Second, due to travel restrictions, the Chinese withdraw less money. If earlier they flew in mass to Paris, Milan, Dubai at this time, now, due to coronavirus, many will remain at home.
Interesting note: SEC's Esther Pierce says the market is ready for a Bitcoin ETF. The regulator playfully known as "crypto mom" said people are already eager to trade a bitcoin ETP, "and so if we don’t give them the natural way, which I think would be an ETP, they are going to look for other (less optimal) ways to do it." Peirce also pushed back in her interview against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. She cast doubt on the size of the alleged problem and insisted there was no way to ban bitcoin outright. Pierce said she looks forward to working with SEC chairman nominee Gary Gensler once the former MIT digital currency professor is confirmed by the Senate. Source: Coindesk.
In definition Exchange for Physical (EFP) transactions are privately negotiated trades between two counterparties allowing them to simultaneously transfer a futures position for an equivalent spot market position or vice versa. On the other hand an ETF, or exchange traded fund which is more popular is an investment vehicle that tracks the value of its underlying asset—such as Bitcoin. Shares in a Bitcoin ETF would be tradable on a traditional stock exchange. Since 2017, the US Securities and Exchange Commission (SEC) has repeatedly rejected proposals for Bitcoin ETFs. Companies have been trying to push it since 2013. We recently said that we expect success in this direction in 2021:https://t.me/decryptedge/239.
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KryptoEdge
#decryptedge Thoughts on the market on 22.10.2020: #PayPal Embraces #Crypto, Igniting Market as Mainstream Adoption Inches Closer. ⚠️
#Bitcoin exceeded expectations from yesterday's review, not only consolidated above 12K, but also updated annual highs above…
#Bitcoin exceeded expectations from yesterday's review, not only consolidated above 12K, but also updated annual highs above…
For now we await for the approval of the head of the SEC Gary Gensler.
All these financial instruments are taking you back to the same system that bitcoin broke away from. Bitcoin thrives because it didn’t closely interact with traditional financial institutions in its early years and thus cemented its decentralization. The relationship between bitcoin and traditional financial institutions is changing in a big way. It’s worth taking a step back and assessing some pros and cons, as well as strategize the ideal outcome for bitcoin so that the 21 million supply maximum isn’t diluted by a fractionally reserved overabundance of claims masquerading as real bitcoin. I know there are many owners of bitcoin that will never relinquish the responsibility of private key management to a trusted third party; I am one of them, and I encourage everybody to practice private key management. Unless you do so, you don’t own real bitcoin. But institutions will not choose this route. They will use custodians, EFP’s, ETFs, and insurance. These solutions are layers on top of bitcoin that carry significant counterparty risk. Bitcoin’s integration into the traditional financial system of counterparty risk is taking shape as we speak.
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. Images courtesy. #Decryptedge
All these financial instruments are taking you back to the same system that bitcoin broke away from. Bitcoin thrives because it didn’t closely interact with traditional financial institutions in its early years and thus cemented its decentralization. The relationship between bitcoin and traditional financial institutions is changing in a big way. It’s worth taking a step back and assessing some pros and cons, as well as strategize the ideal outcome for bitcoin so that the 21 million supply maximum isn’t diluted by a fractionally reserved overabundance of claims masquerading as real bitcoin. I know there are many owners of bitcoin that will never relinquish the responsibility of private key management to a trusted third party; I am one of them, and I encourage everybody to practice private key management. Unless you do so, you don’t own real bitcoin. But institutions will not choose this route. They will use custodians, EFP’s, ETFs, and insurance. These solutions are layers on top of bitcoin that carry significant counterparty risk. Bitcoin’s integration into the traditional financial system of counterparty risk is taking shape as we speak.
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. Images courtesy. #Decryptedge
Taking this opportunity, I would like to remind you of our analysis for 2021 (https://t.me/decryptedge/168). Everything is correct there, only a typo about capitalization. I wanted to write - 1.5-1.52 billion, which is logical when Bitcoin is above 50K, as indicated in the plans for the year. Let's remind ourselves that at the time of writing the review, Bitcoin had not yet taken even 30K, and the market capitalization was below 800 billion.
It is possible that the market capitalization level of 1.5 trillion will be attained in the next day or two, and some corrections will follow. If we do not hold 47500 and return to the previous trading range, then 1.5 trillion can be taken over the weekend if Bitcoin remains above 45K.
As for altcoins, their fate depends on how this market cycle ends. How it works, read here (https://t.me/decryptedge/291). A favorable option for altcoins is to return Bitcoin to the 47500-44500 range and stabilize it there over the weekend. A better scenario is a consolidation above 50K and stabilization at new levels. From here on everyone who considered Bitcoin expensive at 20-30K, under the influence of FOMO, will pounce on the altcoins. Due to their small capitalization, they will shoot well, further increasing the excitement in the market.
The most negative option for altcoins is the Bitcoin drain below 43500 with anchoring. In this case, they will face a significant drop. The probable priority option is a 50K test as mentioned this morning, another ATH update. Alternative - return to the range 47500-44500, with a possible test of 43000-42800. It becomes more likely if the 50K test fails, however in this case, Bitcoin above 50K is a matter of a short time.
Current news. Bank of New York has started providing crypto storage and transfer services for institutions. Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies.
AMAZON is developing a service that will convert cash into digital currency. It's not clear yet or fully understood, but it is likely that they are preparing to announce integration with crypto.
Mastercard also announces work with crypto in 2021.
UBER CEO said they will accept Bitcoin "if need be."
There are persistent rumors that Apple is also going to enter the crypto market, which is allegedly interested in the cryptocurrency exchange business. How exactly we shall see.
Enterprise software provider R3 has launched a new computing platform called Conclave to bring privacy to sensitive business data, aimed at financial institutions. “[Conclave] paves the way for a new generation of trusted services that can detect fraud, reduce cost, build high-value multi-party analytics and more – where the owners of the data control how it is processed,” R3 said. Source | Coindesk.
Most Business and the world as a whole is designed in such a way that companies/people that ignore global trends are left on the sidelines. Crypto is now like the Internet in the early 2000s. Back then only a few companies had websites, now it is difficult to imagine even a medium or small company that is not represented on the Internet. Not to mention the big ones. Therefore, working with crypto, tech giants such as Amazon or Apple is a matter of a short time.
Lastly remember our post https://t.me/decryptedge/297 on why it’s worth taking a step back and assessing some pros and cons.
Withdrawal of Bitcoin from crypto-exchanges for storage has reached its maximum.
Do you understand what this means?
#Decryptedge.
It is possible that the market capitalization level of 1.5 trillion will be attained in the next day or two, and some corrections will follow. If we do not hold 47500 and return to the previous trading range, then 1.5 trillion can be taken over the weekend if Bitcoin remains above 45K.
As for altcoins, their fate depends on how this market cycle ends. How it works, read here (https://t.me/decryptedge/291). A favorable option for altcoins is to return Bitcoin to the 47500-44500 range and stabilize it there over the weekend. A better scenario is a consolidation above 50K and stabilization at new levels. From here on everyone who considered Bitcoin expensive at 20-30K, under the influence of FOMO, will pounce on the altcoins. Due to their small capitalization, they will shoot well, further increasing the excitement in the market.
The most negative option for altcoins is the Bitcoin drain below 43500 with anchoring. In this case, they will face a significant drop. The probable priority option is a 50K test as mentioned this morning, another ATH update. Alternative - return to the range 47500-44500, with a possible test of 43000-42800. It becomes more likely if the 50K test fails, however in this case, Bitcoin above 50K is a matter of a short time.
Current news. Bank of New York has started providing crypto storage and transfer services for institutions. Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies.
AMAZON is developing a service that will convert cash into digital currency. It's not clear yet or fully understood, but it is likely that they are preparing to announce integration with crypto.
Mastercard also announces work with crypto in 2021.
UBER CEO said they will accept Bitcoin "if need be."
There are persistent rumors that Apple is also going to enter the crypto market, which is allegedly interested in the cryptocurrency exchange business. How exactly we shall see.
Enterprise software provider R3 has launched a new computing platform called Conclave to bring privacy to sensitive business data, aimed at financial institutions. “[Conclave] paves the way for a new generation of trusted services that can detect fraud, reduce cost, build high-value multi-party analytics and more – where the owners of the data control how it is processed,” R3 said. Source | Coindesk.
Most Business and the world as a whole is designed in such a way that companies/people that ignore global trends are left on the sidelines. Crypto is now like the Internet in the early 2000s. Back then only a few companies had websites, now it is difficult to imagine even a medium or small company that is not represented on the Internet. Not to mention the big ones. Therefore, working with crypto, tech giants such as Amazon or Apple is a matter of a short time.
Lastly remember our post https://t.me/decryptedge/297 on why it’s worth taking a step back and assessing some pros and cons.
Withdrawal of Bitcoin from crypto-exchanges for storage has reached its maximum.
Do you understand what this means?
#Decryptedge.
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KryptoEdge
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…
Now let's go through the…
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Topic: *DIGITIZATION SHIFT ..... WHERE ARE YOU?*
Time: *Feb 13, 2021 09:55 AM Nairobi*
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*_The rise of Central Bank digital currencies_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session.*
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