"#Bitcoin instead of stocks" & French Lawmaker signs Petition to Allow Central Bank to Buy and Hold Bitcoin, while Kenya’s CBK thinks otherwise. Thoughts on the market on 15.03.2021
#Bitcoin updated ATH over the weekend. The new high is now $61,556.59. At the time of writing this review, Bitcoin corrected and is worth $58,466.98. Total Crypto Market capitalization is $1.820 billion, with BTC dominance index at 61.9%
Equity markets opened higher, followed by a slight pullback. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, oil is approaching 70, gold is worth 1,724.
Bitcoin exceeded our weekend expectations, it has since updated its ATH, and for the second day has been trading around 60K. At the same time, the corrections are bought out, a trading range has formed with support at 59K and resistance at 60500. This support has broken and now in the range of $58,466.98. We spoke about a possible ATH update on the thin weekend market here (https://t.me/decryptedge/372).
#Binance's legal advisor, former Senator Max Baucus, said that the CFTC has no questions about the crypto exchange, but is simply "doing its job in good faith" and trying to understand the rapidly growing industry.
Interestingly, in South Korea, the volume of cryptocurrency trading has surpassed the volume of trading in the stock market. Source (https://www.hankyung.com/). A year ago it was difficult to imagine such a situation. The amount of transactions in the domestic virtual currency (virtual asset) market exceeded the daily average transaction amount of the KOSPI market(Korea Composite Stock Price Index ). According to CoinMarketCap.com, a virtual asset statistics website on the 14th, the amount of transactions for 24 hours of the four major domestic exchanges as of 3 am on the 14th was Upbit 13,678 billion, Bithumb 2,375.8 billion, Coinone 594 billion, Kobit 46.9 billion, etc. It recorded a total of 16 trillion 6947 billion won. This if interpreted happened in the aftermath of the signing of US President Joe Biden's $1.9 trillion (about 2,140 trillion won) scale of economic stimulus on the 12th. As inflation is expected due to large fiscal expenditures, demand for bitcoin as a hedge tool has surged.
In some other news, French Lawmaker signs a petition to Allow the Central Bank to Buy and Hold Bitcoin. This petition is to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.” “Many companies now have acquired large sums (of the order of several billion euros) of bitcoin,” the petition states, naming Michael Saylor’s Microstrategy and Elon Musk’s Tesla as examples. (https://t.me/decryptedge/333 ). It further notes that “Some public entities like the mayor of Miami are positioning themselves to be able to buy bitcoin.” Moreover, “The reason given is the risk of a weak dollar over the next 5 years destroying medium-term financing capacities,” Source News.bitcoin
My country's counterpart #Kenya’s Central Bank governor thinks otherwise. Mr Patrick Njoroge, has once again reiterated his position on blockchain and cryptocurrencies saying that they lack a real use case. Speaking during The 2021 Africa Financial Industry Summit by the International Finance Corporation (IFC), a member of the World Bank. Mr. Njoroge further added that rather than focus on crypto and blockchain, the regulator, as a policy maker, is thinking about the post-COVID recovery, payment rails, lending, micro-insurance, and savings. “What we’re focusing on here is the democratization of financial services. I think FinTech would do that very well.” Evidently inflation concerns are not on CBK's priority list. It ought to be on your list, yes you reading this now.
The priority option for today is #Bitcoin in the range of 59000-61000, the alternative is the correction to 55K.
#Bitcoin updated ATH over the weekend. The new high is now $61,556.59. At the time of writing this review, Bitcoin corrected and is worth $58,466.98. Total Crypto Market capitalization is $1.820 billion, with BTC dominance index at 61.9%
Equity markets opened higher, followed by a slight pullback. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, oil is approaching 70, gold is worth 1,724.
Bitcoin exceeded our weekend expectations, it has since updated its ATH, and for the second day has been trading around 60K. At the same time, the corrections are bought out, a trading range has formed with support at 59K and resistance at 60500. This support has broken and now in the range of $58,466.98. We spoke about a possible ATH update on the thin weekend market here (https://t.me/decryptedge/372).
#Binance's legal advisor, former Senator Max Baucus, said that the CFTC has no questions about the crypto exchange, but is simply "doing its job in good faith" and trying to understand the rapidly growing industry.
Interestingly, in South Korea, the volume of cryptocurrency trading has surpassed the volume of trading in the stock market. Source (https://www.hankyung.com/). A year ago it was difficult to imagine such a situation. The amount of transactions in the domestic virtual currency (virtual asset) market exceeded the daily average transaction amount of the KOSPI market(Korea Composite Stock Price Index ). According to CoinMarketCap.com, a virtual asset statistics website on the 14th, the amount of transactions for 24 hours of the four major domestic exchanges as of 3 am on the 14th was Upbit 13,678 billion, Bithumb 2,375.8 billion, Coinone 594 billion, Kobit 46.9 billion, etc. It recorded a total of 16 trillion 6947 billion won. This if interpreted happened in the aftermath of the signing of US President Joe Biden's $1.9 trillion (about 2,140 trillion won) scale of economic stimulus on the 12th. As inflation is expected due to large fiscal expenditures, demand for bitcoin as a hedge tool has surged.
In some other news, French Lawmaker signs a petition to Allow the Central Bank to Buy and Hold Bitcoin. This petition is to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.” “Many companies now have acquired large sums (of the order of several billion euros) of bitcoin,” the petition states, naming Michael Saylor’s Microstrategy and Elon Musk’s Tesla as examples. (https://t.me/decryptedge/333 ). It further notes that “Some public entities like the mayor of Miami are positioning themselves to be able to buy bitcoin.” Moreover, “The reason given is the risk of a weak dollar over the next 5 years destroying medium-term financing capacities,” Source News.bitcoin
My country's counterpart #Kenya’s Central Bank governor thinks otherwise. Mr Patrick Njoroge, has once again reiterated his position on blockchain and cryptocurrencies saying that they lack a real use case. Speaking during The 2021 Africa Financial Industry Summit by the International Finance Corporation (IFC), a member of the World Bank. Mr. Njoroge further added that rather than focus on crypto and blockchain, the regulator, as a policy maker, is thinking about the post-COVID recovery, payment rails, lending, micro-insurance, and savings. “What we’re focusing on here is the democratization of financial services. I think FinTech would do that very well.” Evidently inflation concerns are not on CBK's priority list. It ought to be on your list, yes you reading this now.
The priority option for today is #Bitcoin in the range of 59000-61000, the alternative is the correction to 55K.
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#Binance, the world's largest crypto exchange, probed by CFTC over concerns it allowed US residents to trade derivatives. Thoughts on the market on 13.03. 2021
#Bitcoin was in the range of 57800-55000 during the last 24hrs. The correction to 55K was quickly…
#Bitcoin was in the range of 57800-55000 during the last 24hrs. The correction to 55K was quickly…
Wishing you a blessed day ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
#Binance Smart Chain’s #DeFi Protocols’ DNS Hijacked & Looming #India #Crypto Ban. Thoughts on the market on 16.03.2021.
During the last 24Hrs, #Bitcoin declined from the highs attained over the weekend, lost support at 55K, reached lows around 53,300, after which it returned above 54K. As at the time of this writing, #Btitcoin is trading at $54,280. Total Crypto Market capitalization is at $1.672 billion and BTC dominance index of 60.9%.
Stock markets were growing yesterday, indices renewed their highs again. The Dow Jones rose 0.53%, the Nasdaq added 1.05%, the S&P 500 rose 0.65% to close at 3968.84.
The yield on bonds decreased yesterday and is now below 1.6. The dollar index, however, is not falling, which suggests that the overall positive picture could quickly change.
As mentioned earlier, stimulus money has nowhere to go (https://t.me/decryptedge/370). The money allocated within the framework of the aid package is already beginning to flow to the stock market.
For #Bitcoin, an alternative version with a correction to 55K worked. Moreover, the correction plan was exceeded and Bitcoin reached lows around 53,300. The price is trying to return above 55K. If today it is not possible to return above 55K, then we return to the range 55000-52000, and a further correction to 52000-50000 for refueling is probable. The priority is to return above 55K and move towards 60,000.
Yesterday's leak was triggered by FUD over the ban of cryptocurrencies in India. As always in such cases, the source of the information is unknown, but it is actively disseminated through news agencies and major media outlets. Very similar to FUD. Someone did not have time to buy Bitcoin at 50K and wants to fix the situation. It's like the "mining ban in China", which is stuffed about every year. The proposed law in India will ban cryptocurrencies, fines to anyone trading in the country or even holding such digital assets, a senior government official told Reuters. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalize possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan. We talked about it here back in February (https://t.me/decryptedge/269)
The hacking story of large DeFi projects PancakeSwap and Cream Finance, where 3.88 billion and 47.7 million, respectively, are blocked, is also putting pressure on the market. Binance CEO Changpeng Zhao urged users to temporarily refrain from interacting with PancakeSwap and Cream Finance. These and other Binance Smart Chain (BSC) -based DeFi projects have come under attack. According to Zhao, attackers gained access to the domain name system (DNS) of a number of BSC-based project sites in order to include malicious elements in their interfaces. PancakeSwap representatives advised users not to visit the project's website until an official message about the elimination of the problem appeared. “Never enter a seed phrase or private keys on a website. We are now working to fix the problem, ”wrote representatives of the largest DEX ecosystem BSC.
Interestingly, XRP investors have filed a petition to participate in the SEC case against Ripple. Moreover, investors claim that it was the actions of the regulator that caused their losses.
We talked about this for a long time - regulators in the crypto are an absolute evil, and the losses that investors have received due to the actions of the SEC exceed the losses from any scam). In addition, scam usually affects those who are weak in the brain, and everyone gets losses from the actions of the regulator (https://t.me/decryptedge/225).
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 Images Courtesy.
During the last 24Hrs, #Bitcoin declined from the highs attained over the weekend, lost support at 55K, reached lows around 53,300, after which it returned above 54K. As at the time of this writing, #Btitcoin is trading at $54,280. Total Crypto Market capitalization is at $1.672 billion and BTC dominance index of 60.9%.
Stock markets were growing yesterday, indices renewed their highs again. The Dow Jones rose 0.53%, the Nasdaq added 1.05%, the S&P 500 rose 0.65% to close at 3968.84.
The yield on bonds decreased yesterday and is now below 1.6. The dollar index, however, is not falling, which suggests that the overall positive picture could quickly change.
As mentioned earlier, stimulus money has nowhere to go (https://t.me/decryptedge/370). The money allocated within the framework of the aid package is already beginning to flow to the stock market.
For #Bitcoin, an alternative version with a correction to 55K worked. Moreover, the correction plan was exceeded and Bitcoin reached lows around 53,300. The price is trying to return above 55K. If today it is not possible to return above 55K, then we return to the range 55000-52000, and a further correction to 52000-50000 for refueling is probable. The priority is to return above 55K and move towards 60,000.
Yesterday's leak was triggered by FUD over the ban of cryptocurrencies in India. As always in such cases, the source of the information is unknown, but it is actively disseminated through news agencies and major media outlets. Very similar to FUD. Someone did not have time to buy Bitcoin at 50K and wants to fix the situation. It's like the "mining ban in China", which is stuffed about every year. The proposed law in India will ban cryptocurrencies, fines to anyone trading in the country or even holding such digital assets, a senior government official told Reuters. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalize possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan. We talked about it here back in February (https://t.me/decryptedge/269)
The hacking story of large DeFi projects PancakeSwap and Cream Finance, where 3.88 billion and 47.7 million, respectively, are blocked, is also putting pressure on the market. Binance CEO Changpeng Zhao urged users to temporarily refrain from interacting with PancakeSwap and Cream Finance. These and other Binance Smart Chain (BSC) -based DeFi projects have come under attack. According to Zhao, attackers gained access to the domain name system (DNS) of a number of BSC-based project sites in order to include malicious elements in their interfaces. PancakeSwap representatives advised users not to visit the project's website until an official message about the elimination of the problem appeared. “Never enter a seed phrase or private keys on a website. We are now working to fix the problem, ”wrote representatives of the largest DEX ecosystem BSC.
Interestingly, XRP investors have filed a petition to participate in the SEC case against Ripple. Moreover, investors claim that it was the actions of the regulator that caused their losses.
We talked about this for a long time - regulators in the crypto are an absolute evil, and the losses that investors have received due to the actions of the SEC exceed the losses from any scam). In addition, scam usually affects those who are weak in the brain, and everyone gets losses from the actions of the regulator (https://t.me/decryptedge/225).
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 Images Courtesy.
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Peter Schiff On Bitcoin & Fed of FIAT. Thoughts on the market on 12.03.2021
#Bitcoin held above 55K, continued to grow, reaching its highs above 58280, after which it rolled back to 56700-56600, where it is exchanging as of the time of writing this review.…
#Bitcoin held above 55K, continued to grow, reaching its highs above 58280, after which it rolled back to 56700-56600, where it is exchanging as of the time of writing this review.…
#Ethereum EIP 1559 – Five Things We Know. Thoughts on the market on 17.03.2021.
#Bitcoin returned above 55,000, moved up to 57,200, and then returned to 55,800, where it is trading as at the time of this writing. Total Crypto Market capitalization is at $1.721 billion with BTC dominance index of 60.7%
Stock indices slipped slightly yesterday - the Dow Jones lost 0.39%, the S&P 500 fell 0.16%, and only the Nasdaq rose by 0.09%. The yield on US bonds rose again and is now above 1.62.
On one hand, money from the aid package is already entering the market, and in such a situation it is difficult not to grow. On the other hand, the markets are wary of the Fed's reaction to rising inflation, and therefore the S&P 500 is still no higher than 4000.
Today will be the results of the Fed meeting, perhaps they will determine the direction of movement of the markets. There should be no surprises, investors will evaluate the rhetoric in terms of the likelihood of changes in the monetary policy. The Asian indices are falling, oil is also falling, futures for the S&P 500 are in place, and the dollar index is about 92.
#Bitcoin worked out the priority version of yesterday’s analysis, fixed above $55000, began to grow and reached levels above $57200. From there a rollback to price area of $55800-56100, where it has been for more than an hour.
With yesterday's Bitcoin fall below $55K, altcoins kept quite confidently, and even now they are at a high level - the dominance index is 60.7%, top altcoins are growing, and so is everything else.
The priority option for today is #Bitcoin moving on the $55000-57000 range, the growth of altcoins and market capitalization. An alternative option is a correction below 55K with a consolidation and a possible test of $52000-53000. Possible in the event of a negative external background (a fall in the stock market, FUD from India or somewhere else, etc.).
In the short term, it is important to fix Bitcoin above 60K and update the maximums for market capitalization. Perhaps this will not happen on the first try. #Ethereum Improvement Proposal could offer a path to compromise between Ethereum’s miners and developers, but few in the community appear to support the EIP. The imminent changes of Etherum and the solution to the problem of large fees, as well as the resistance of miners to these innovations. Active work is underway in this direction, which is good for both Ether and the DeFi sector. While some are looking to the proposal as a means to cool flaring tensions between Ethereum’s miners and developers, the EIP appears to have secured little support from the community.
In recent weeks, tensions have escalated over EIP-1559 — an upgrade slated for integration in July that is expected to discipline Ethereum’s volatile fee market while significantly impacting miner revenues. The new proposal, EIP-3368, advocates that block rewards immediately be increased to 3 Ether (ETH) and then reduced to 1 Ether over the two years following EIP-1559’s implementation to ease the impact on miners of Ethereum’s transition to proof-of-stake. Source: cointelegraph.com/ Image Courtesy. Summary of #Ethereum Improvement Proposal .
• It Will Happen in July
• It’s Revolutionary
• Miners Don’t Like It
• There (Probably) won’t be a Hard Fork
• Ethereum Will be a Deflationary Cryptocurrency
Will write this in details later on this channel.
Wishing you a blessed afternoon ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
#Bitcoin returned above 55,000, moved up to 57,200, and then returned to 55,800, where it is trading as at the time of this writing. Total Crypto Market capitalization is at $1.721 billion with BTC dominance index of 60.7%
Stock indices slipped slightly yesterday - the Dow Jones lost 0.39%, the S&P 500 fell 0.16%, and only the Nasdaq rose by 0.09%. The yield on US bonds rose again and is now above 1.62.
On one hand, money from the aid package is already entering the market, and in such a situation it is difficult not to grow. On the other hand, the markets are wary of the Fed's reaction to rising inflation, and therefore the S&P 500 is still no higher than 4000.
Today will be the results of the Fed meeting, perhaps they will determine the direction of movement of the markets. There should be no surprises, investors will evaluate the rhetoric in terms of the likelihood of changes in the monetary policy. The Asian indices are falling, oil is also falling, futures for the S&P 500 are in place, and the dollar index is about 92.
#Bitcoin worked out the priority version of yesterday’s analysis, fixed above $55000, began to grow and reached levels above $57200. From there a rollback to price area of $55800-56100, where it has been for more than an hour.
With yesterday's Bitcoin fall below $55K, altcoins kept quite confidently, and even now they are at a high level - the dominance index is 60.7%, top altcoins are growing, and so is everything else.
The priority option for today is #Bitcoin moving on the $55000-57000 range, the growth of altcoins and market capitalization. An alternative option is a correction below 55K with a consolidation and a possible test of $52000-53000. Possible in the event of a negative external background (a fall in the stock market, FUD from India or somewhere else, etc.).
In the short term, it is important to fix Bitcoin above 60K and update the maximums for market capitalization. Perhaps this will not happen on the first try. #Ethereum Improvement Proposal could offer a path to compromise between Ethereum’s miners and developers, but few in the community appear to support the EIP. The imminent changes of Etherum and the solution to the problem of large fees, as well as the resistance of miners to these innovations. Active work is underway in this direction, which is good for both Ether and the DeFi sector. While some are looking to the proposal as a means to cool flaring tensions between Ethereum’s miners and developers, the EIP appears to have secured little support from the community.
In recent weeks, tensions have escalated over EIP-1559 — an upgrade slated for integration in July that is expected to discipline Ethereum’s volatile fee market while significantly impacting miner revenues. The new proposal, EIP-3368, advocates that block rewards immediately be increased to 3 Ether (ETH) and then reduced to 1 Ether over the two years following EIP-1559’s implementation to ease the impact on miners of Ethereum’s transition to proof-of-stake. Source: cointelegraph.com/ Image Courtesy. Summary of #Ethereum Improvement Proposal .
• It Will Happen in July
• It’s Revolutionary
• Miners Don’t Like It
• There (Probably) won’t be a Hard Fork
• Ethereum Will be a Deflationary Cryptocurrency
Will write this in details later on this channel.
Wishing you a blessed afternoon ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
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Cointelegraph Bitcoin & Ethereum Blockchain News
The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
#Bank of America Says There's No Good Reason to Own Bitcoin Apart from Speculation
Thoughts on the market on 19.03.2021.
Bitcoins moved within the price range of 59000-57000, reaching highs above $60130. The correction to $56k quickly bought back. At the time of writing, the Bitcoin review costs $58100. Total Crypto Market capitalization is now at $1.780 billion with BTC dominance index at 60.9%
The US stock market completed Friday's auction fall against the background of negative dynamics from the oil and gas sectors, technologies and consumer services. Dow Jones lost 0.46%, the S & P 500 index fell by 1.48%, NASDAQ fell by 3.02%.
Some interesting developments, according to strategists of #Bank of America, in order to move the price of bitcoin for one percent, the influx will require only 93 million dollars.
On the other hand a change in the price of gold for one percent, the influx will be required worth not less than 2 billion dollars. As expected, BofA also took aim at the cryptocurrency's energy use, pointing to the fact that it now consumes more power than Greece. #CitiBank holds quite the opposite view. In early March, Citi, another major American bank, put out a contrarian report that claims that Bitcoin could be at a "tipping point" of reaching mainstream adoption: Bitcoin's future is thus still uncertain, but developments in the near term are likely to prove decisive as the currency balances at the tipping point of mainstream acceptance or a speculative implosion.
The largest #Coinbase cryptocurrency exchange in the US submitted an updated application for direct listing in SEC. The company is going to sell 114.85 million shares. The maximum amount that it can attract - $ 943.2milion. We first spoke about it here(https://t.me/decryptedge/136) Goldman Sachs was picked to lead this initial public offering, per a report by Business Insider.
On BTC short-term price movement , since bulls reclaimed $58K support with a good bullish candle,for sure this move has diminished the fear of most traders at the moment, and who's had doubts about a more drop, his doubt faded as a result of that breakout. On the current movement, $60500 works as current resistance for short-term movement.
Important levels for current trading range between 50/60K,
Resistance levels,
$60500
$61450
$64200
$67400
Support levels,
$56800
$55250
$53150
$51150
For today I expect the movement of the main cryptocurrency in the range of 57000-59000, with a possible update of a daily ATH. Alternative - shed below 56k
As always, 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
Thoughts on the market on 19.03.2021.
Bitcoins moved within the price range of 59000-57000, reaching highs above $60130. The correction to $56k quickly bought back. At the time of writing, the Bitcoin review costs $58100. Total Crypto Market capitalization is now at $1.780 billion with BTC dominance index at 60.9%
The US stock market completed Friday's auction fall against the background of negative dynamics from the oil and gas sectors, technologies and consumer services. Dow Jones lost 0.46%, the S & P 500 index fell by 1.48%, NASDAQ fell by 3.02%.
Some interesting developments, according to strategists of #Bank of America, in order to move the price of bitcoin for one percent, the influx will require only 93 million dollars.
On the other hand a change in the price of gold for one percent, the influx will be required worth not less than 2 billion dollars. As expected, BofA also took aim at the cryptocurrency's energy use, pointing to the fact that it now consumes more power than Greece. #CitiBank holds quite the opposite view. In early March, Citi, another major American bank, put out a contrarian report that claims that Bitcoin could be at a "tipping point" of reaching mainstream adoption: Bitcoin's future is thus still uncertain, but developments in the near term are likely to prove decisive as the currency balances at the tipping point of mainstream acceptance or a speculative implosion.
The largest #Coinbase cryptocurrency exchange in the US submitted an updated application for direct listing in SEC. The company is going to sell 114.85 million shares. The maximum amount that it can attract - $ 943.2milion. We first spoke about it here(https://t.me/decryptedge/136) Goldman Sachs was picked to lead this initial public offering, per a report by Business Insider.
On BTC short-term price movement , since bulls reclaimed $58K support with a good bullish candle,for sure this move has diminished the fear of most traders at the moment, and who's had doubts about a more drop, his doubt faded as a result of that breakout. On the current movement, $60500 works as current resistance for short-term movement.
Important levels for current trading range between 50/60K,
Resistance levels,
$60500
$61450
$64200
$67400
Support levels,
$56800
$55250
$53150
$51150
For today I expect the movement of the main cryptocurrency in the range of 57000-59000, with a possible update of a daily ATH. Alternative - shed below 56k
As always, 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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Thoughts on the market on 19.12.2020: #Coinbase Picks #GoldmanSachs to Lead Upcoming #IPO:
#Bitcoin moved in the range of 22400-23250 during the day. The correction below 22600 was quickly bought back, #Bitcoin returned above 23K, but it has not yet been…
#Bitcoin moved in the range of 22400-23250 during the day. The correction below 22600 was quickly bought back, #Bitcoin returned above 23K, but it has not yet been…
Bitcoin: Fake Elon Musk giveaway scam 'cost man £400,000'
Thoughts on the market on 20.01.2021.
Bitcoin moved within the $59400-57500 price range during the last 24 hrs. An attempt to take $60K last night did not lead to success, as of the time of writing this review Bitcoin is trading at about $58300. Total Crypto Market capitalization is at $1.814 billion with #BTC dominance index of 60.1%
Stock markets declined yesterday. The Dow Jones lost 0.71%, the Nasdaq fell 0.76%, the S&P 500 fell 0.06% to close at 3913. The volatility index fell 2.92% to 20.95, the dollar index rose and is now around 91.9. Oil closed at 64.55, gold closed at 1743.
#Bitcoin clearly worked out yesterday's analysis, fixed above $58000. Today, the priority option is price movement in the range of $57000-59000, with a possible renewal of the highs. It is likely that new levels will be taken already in the thin weekend market. An alternative option is the price drop below $56K
Altcoins feel confident, the dominance index is 60.2%, with a stable Bitcoin above $58K, they can show good growth.
Interesting: Former White House Communications Director and CEO of Skybridge Capital Anthony Scaramucci claims (https://twitter.com/Scaramucci/status/1372932338368282624) that Elon Musk owns more than $ 5 billion in BTC through Tesla, SpaceX and personal wallets. He further stated that it’s not too late to buy bitcoin — just look at Amazon’s run since 2009. Meaning if you did buy amazon shares, one ought to have realised 64x returns on investment after a twelve-year period, starting in 2009 and finishing in 2021.
According to the Coin ATM Radar service (https://coinatmradar.com/charts/growth/), new bitcoin machines are being installed at a rate of over 36 units per day, and the number of devices in the world has reached 16,974 units. Soon it will be possible to buy bitcoin even on the way to the store.
Lastly here is an amazing story about investor called Sebastian, who sent a fake Elon Musk - 10BTC. Sebastian double-checked the verification logo next to Elon Musk's name, and then tried to decide whether to send five or 10 Bitcoin. "'Take the maximum', I thought, this is definitely real, so I sent 10 Bitcoin." For the next 20 minutes as the timer wound down, Sebastian waited for the prize to land in his Bitcoin wallet. From his house in Cologne in Germany he sat there refreshing his screen every 30 seconds. Don't be Sebastian! For those who missed our today's Bitcoin101...here is our link. https://youtu.be/P24mqeUtknw there is no free bitcoin. The only way is self education.
Wishing you a great restful weekend ahead and remember this is traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
Thoughts on the market on 20.01.2021.
Bitcoin moved within the $59400-57500 price range during the last 24 hrs. An attempt to take $60K last night did not lead to success, as of the time of writing this review Bitcoin is trading at about $58300. Total Crypto Market capitalization is at $1.814 billion with #BTC dominance index of 60.1%
Stock markets declined yesterday. The Dow Jones lost 0.71%, the Nasdaq fell 0.76%, the S&P 500 fell 0.06% to close at 3913. The volatility index fell 2.92% to 20.95, the dollar index rose and is now around 91.9. Oil closed at 64.55, gold closed at 1743.
#Bitcoin clearly worked out yesterday's analysis, fixed above $58000. Today, the priority option is price movement in the range of $57000-59000, with a possible renewal of the highs. It is likely that new levels will be taken already in the thin weekend market. An alternative option is the price drop below $56K
Altcoins feel confident, the dominance index is 60.2%, with a stable Bitcoin above $58K, they can show good growth.
Interesting: Former White House Communications Director and CEO of Skybridge Capital Anthony Scaramucci claims (https://twitter.com/Scaramucci/status/1372932338368282624) that Elon Musk owns more than $ 5 billion in BTC through Tesla, SpaceX and personal wallets. He further stated that it’s not too late to buy bitcoin — just look at Amazon’s run since 2009. Meaning if you did buy amazon shares, one ought to have realised 64x returns on investment after a twelve-year period, starting in 2009 and finishing in 2021.
According to the Coin ATM Radar service (https://coinatmradar.com/charts/growth/), new bitcoin machines are being installed at a rate of over 36 units per day, and the number of devices in the world has reached 16,974 units. Soon it will be possible to buy bitcoin even on the way to the store.
Lastly here is an amazing story about investor called Sebastian, who sent a fake Elon Musk - 10BTC. Sebastian double-checked the verification logo next to Elon Musk's name, and then tried to decide whether to send five or 10 Bitcoin. "'Take the maximum', I thought, this is definitely real, so I sent 10 Bitcoin." For the next 20 minutes as the timer wound down, Sebastian waited for the prize to land in his Bitcoin wallet. From his house in Cologne in Germany he sat there refreshing his screen every 30 seconds. Don't be Sebastian! For those who missed our today's Bitcoin101...here is our link. https://youtu.be/P24mqeUtknw there is no free bitcoin. The only way is self education.
Wishing you a great restful weekend ahead and remember this is traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
Twitter
Anthony Scaramucci
Elon Musk didn’t stop with Tesla. I understand that SpaceX owns #bitcoin on its balance sheet. @elonmusk owns over $5 billion in #bitcoin via Tesla, SpaceX, and personally. No living person has done more to protect the planet against climate change. (1/2)
New vacancy from Time magazine reveals that the 98-year-old publications house is looking for a CFO familiar with blockchain and cryptocurrencies. Time is also the latest brand to jump on the NFT craze, with auctions for three magazine covers — including its iconic 1966 front page asking, “Is God Dead?” Thoughts on the market on 23.03.2021
#Bitcoin updated daily low price during the last 24 hrs and reached a price of $53692 (Binance). The correction to 53K was redeemed and bitcoin moved to growth. At the time of this writing, Bitcoin is now trading around 54420. Total Crypto Market capitalization is at $1.706 billion, with a dominance index of 59.6%
Equity markets are up after last week's plunge. The Dow Jones rose 0.32%, the S&P 500 rose 0.70%, and the Nasdaq rose 1.23%. The dollar index is now around 91.8. Oil closed at 64.07, gold at 1735.
Bitcoin after several attempts to rise above 58000 in the last two days has been pushed back to the support level of 54000. Altcoins followed Bitcoin, Ethereum reached $1,656 on #Binance.
If you cannot beat them, you join them, the forecast of a return above 60K within 10-14 days remains relevant.
Interesting news, #Twitter founder Jack Dorsey sold his first tweet in the form of an #NFT token for $ 2.91 million. Today I will share a write up on NFT tokens. We spoke about what are NFT’s here(https://youtu.be/Zq2kPcDDk6w)
The Bitcoin price in Turkey jumped to 100K amid collapse of the lira exchange rate. President Recep Erdogan fired the central bank governor after which the national currency collapsed and Bitcoin reached 100k on Turkish P2P platforms. And this is a prime example when investors keep their capital outside of traditional and regulated assets. Searches for Bitcoin emanating from Turkey exploded by 566% after news broke regarding the 14% plunge in the value of the Turkish lira. The uptick in the number of Bitcoin searches by Turkish citizens is an all-time high to date, representing almost double the number of searches recorded during the bull run of 2017–2018. It’s not just Turkish citizens who are taking a refreshed look at cryptocurrencies. At the beginning of March, Turkey’s Ministry of Treasury and Finance announced that it would work with the central bank in conjunction with regulatory bodies in order to lay down clear guidelines concerning the use of crypto. “We share the rising concerns about crypto with the rest of the world. The developments (on crypto around the world) and the state of crypto in Turkey are closely monitored by our ministry,” announced the ministry at the time. Source : cointelegraph.com
A new vacancy from Time magazine reveals that the 98-year-old publications house looking for a CFO familiar with blockchain and cryptocurrencies. According to the job particulars listed on LinkedIn, Time is seeking a chief monetary officer with greater than seven years of expertise in government management positions and who has “comfort with Bitcoin and cryptocurrencies.” The position can be based mostly within the magazine’s company workplaces in New York City. “The media industry is undergoing a rapid evolution,” says the itemizing. “TIME is seeking a Chief Financial Officer who can help guide its transformation.”
Lastly the SEC case against Ripple, the regulator's lawyer said in court that, apart from Ripple and its employees, no investors, exchanges or other platforms violate SEC rules by selling XRP tokens. This means that such a statement opens up an opportunity for exchanges to return Ripple, which had previously suspended its trading. And one more positive point is that the judge expressed an opinion about XRP as a token with the presence of "utility", in contrast to Bitcoin and Ether. Therefore, we hope for a positive outcome.
Wishing you a blessed afternoon ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
Equity markets are up after last week's plunge. The Dow Jones rose 0.32%, the S&P 500 rose 0.70%, and the Nasdaq rose 1.23%. The dollar index is now around 91.8. Oil closed at 64.07, gold at 1735.
Bitcoin after several attempts to rise above 58000 in the last two days has been pushed back to the support level of 54000. Altcoins followed Bitcoin, Ethereum reached $1,656 on #Binance.
If you cannot beat them, you join them, the forecast of a return above 60K within 10-14 days remains relevant.
Interesting news, #Twitter founder Jack Dorsey sold his first tweet in the form of an #NFT token for $ 2.91 million. Today I will share a write up on NFT tokens. We spoke about what are NFT’s here(https://youtu.be/Zq2kPcDDk6w)
The Bitcoin price in Turkey jumped to 100K amid collapse of the lira exchange rate. President Recep Erdogan fired the central bank governor after which the national currency collapsed and Bitcoin reached 100k on Turkish P2P platforms. And this is a prime example when investors keep their capital outside of traditional and regulated assets. Searches for Bitcoin emanating from Turkey exploded by 566% after news broke regarding the 14% plunge in the value of the Turkish lira. The uptick in the number of Bitcoin searches by Turkish citizens is an all-time high to date, representing almost double the number of searches recorded during the bull run of 2017–2018. It’s not just Turkish citizens who are taking a refreshed look at cryptocurrencies. At the beginning of March, Turkey’s Ministry of Treasury and Finance announced that it would work with the central bank in conjunction with regulatory bodies in order to lay down clear guidelines concerning the use of crypto. “We share the rising concerns about crypto with the rest of the world. The developments (on crypto around the world) and the state of crypto in Turkey are closely monitored by our ministry,” announced the ministry at the time. Source : cointelegraph.com
A new vacancy from Time magazine reveals that the 98-year-old publications house looking for a CFO familiar with blockchain and cryptocurrencies. According to the job particulars listed on LinkedIn, Time is seeking a chief monetary officer with greater than seven years of expertise in government management positions and who has “comfort with Bitcoin and cryptocurrencies.” The position can be based mostly within the magazine’s company workplaces in New York City. “The media industry is undergoing a rapid evolution,” says the itemizing. “TIME is seeking a Chief Financial Officer who can help guide its transformation.”
Lastly the SEC case against Ripple, the regulator's lawyer said in court that, apart from Ripple and its employees, no investors, exchanges or other platforms violate SEC rules by selling XRP tokens. This means that such a statement opens up an opportunity for exchanges to return Ripple, which had previously suspended its trading. And one more positive point is that the judge expressed an opinion about XRP as a token with the presence of "utility", in contrast to Bitcoin and Ether. Therefore, we hope for a positive outcome.
Wishing you a blessed afternoon ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
YouTube
Why you should not buy Bitcoin. What are NFT's - Open Q & A session.
Reasons Why You Should NOT Buy #Bitcoin.We go through 7 honest reasons why you should not buy bitcoin now. If you think.. Bonus session on What are NFT's (N...
Bitcoin gains 5% after Elon Musk says Tesla now accepts the cryptocurrency as payment. Thoughts on the market on 24.03.2021
#Bitcoin yesterday renewed its low price reaching values of $53,000 on #Binance. The correction to 53K was quickly redeemed, Bitcoin went up and reached $55,800, now surpassed and is at $56,310 as of writing this review total Crypto market capitalization is at $1.706 billion with BTC dominance index at 59.7%
The stock market ended with a fall. The Dow Jones fell 0.94%, the S&P 500 lost 0.76%, and the NASDAQ lost 1.12%. The dollar index rose to 92.3.
The Bitcoin rate dropped to $53,000 yesterday, but the correction was quickly redeemed with the price now at $56,310. Various information that large investors began to slow down their purchases and sell their Bitcoin to small investors putting pressure on the price.
Today I expect Bitcoin in the range of $53000-55000. If we do not hold 53K, it can go down to 51-49K for refueling.
Interestingly, according to the analytical platform Crypto Quant, 14666 BTC worth more than $800 million were withdrawn from Coinbase in several transactions. This happened after the Bitcoin correction to 53K. Such information may indicate the purchase of this asset by institutions on a pullback. So we are waiting for new names along with Tesla Microstrategy.
In other news..Telegram raised over $ 1 billion through bond placement. The company issued a five-year convertible dollar bond with a yield of 7% per annum. The minimum lot for participation was $ 500 thousand, and the par value of one paper was $ 1000
The big news, Bitcoin rose 5% after Elon Musk said a Tesla car can now be purchased using the world's most popular cryptocurrency.
The "Technoking" said in a tweet early Wednesday the EV-maker has added bitcoin as a payment option. The choice is currently available to customers in the US, but will be made available elsewhere later this year, Musk said.
"Tesla is using only internal & open source software & operates Bitcoin nodes directly," he said. "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency." Nodes are computers that validate bitcoin transactions.
With that, wishing you a blessed afternoon ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
#Bitcoin yesterday renewed its low price reaching values of $53,000 on #Binance. The correction to 53K was quickly redeemed, Bitcoin went up and reached $55,800, now surpassed and is at $56,310 as of writing this review total Crypto market capitalization is at $1.706 billion with BTC dominance index at 59.7%
The stock market ended with a fall. The Dow Jones fell 0.94%, the S&P 500 lost 0.76%, and the NASDAQ lost 1.12%. The dollar index rose to 92.3.
The Bitcoin rate dropped to $53,000 yesterday, but the correction was quickly redeemed with the price now at $56,310. Various information that large investors began to slow down their purchases and sell their Bitcoin to small investors putting pressure on the price.
Today I expect Bitcoin in the range of $53000-55000. If we do not hold 53K, it can go down to 51-49K for refueling.
Interestingly, according to the analytical platform Crypto Quant, 14666 BTC worth more than $800 million were withdrawn from Coinbase in several transactions. This happened after the Bitcoin correction to 53K. Such information may indicate the purchase of this asset by institutions on a pullback. So we are waiting for new names along with Tesla Microstrategy.
In other news..Telegram raised over $ 1 billion through bond placement. The company issued a five-year convertible dollar bond with a yield of 7% per annum. The minimum lot for participation was $ 500 thousand, and the par value of one paper was $ 1000
The big news, Bitcoin rose 5% after Elon Musk said a Tesla car can now be purchased using the world's most popular cryptocurrency.
The "Technoking" said in a tweet early Wednesday the EV-maker has added bitcoin as a payment option. The choice is currently available to customers in the US, but will be made available elsewhere later this year, Musk said.
"Tesla is using only internal & open source software & operates Bitcoin nodes directly," he said. "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency." Nodes are computers that validate bitcoin transactions.
With that, wishing you a blessed afternoon ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge