#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

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

#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

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 lost support at $53K during the day, after which it switched to a decrease, reaching low of $50400 on Binance exchange. This correction was redeemed and growth was restored. Bitcoin is trading at around $52800. Total Crypto Market capitalization is at $1.657 billion with BTC dominance index at 59.5%.

Stock markets grew yesterday. Dow Jones rose by 0.62%, the S & P 500 index rose by 0.52%, the NASDAQ index rose by 0.12%. Confident rise demonstrated on shares of companies that depend on the weakening of the limitations associated with the coronavirus pandemic, including air carriers and cruise operators.

Positive to the market too was brought by the head Fed, Jerome Powell, who issued a new portion of positive data and said that support from the state will begin to turn out only when the economy is almost completely restored. Responding to a question, whether the growth rate of government progress threatens the growth of the country's GDP raising, he repeated that the increase occurs with very low levels and reflects confidence in improving the state of the economy.

With Bitcoin price dropping to $50400, and its capitalization going lower than a trillion, happening against the backdrop of a record expiration of Bitcoin-options by a volume of 6.1 billion dollars. The priority option for today is Bitcoin movement above 52k. Option with leaving below 50K - alternative.

Interesting news, Kiwisaver Pension Fund from New Zealand highlights 5% on Bitcoin. According to the director of investments James Grigor says the striking similarity of Bitcoin with gold has become one reason for investment in Bitcoin. Source: cointelegraph.com

India ordered a company to disclose its cryptocurrency assets. The Indian authorities have required cryptocurrency-related companies to disclose their assets. The relevant amendments to the legislation were made by the Ministry of Corporate Affairs. According to the document, Indian public and private firms must report cryptocurrency transactions, volume, and advances or deposits "from any person." The amendments will enter into force in early April 2021. Back in 2019, a working group under the Government of India concluded that there is "no value at all" at the heart of cryptocurrencies. The authorities were advised to ban all digital assets, except for tokens issued by the central bank. In March, according to a senior official, it became known that India would consider a bill introducing criminal and administrative liability for miners and traders.
We will remember, from a Business Today publication, that the authorities are considering the possibility of blocking the IP addresses of cryptocurrency exchanges and companies associated with digital assets.

On some serious love matters a Reddit user has lost his wife due to the failure to sell bitcoin at $60,000. The reddit user said. “She just left to go stay with her sisters. She is super mad that I didn't sell at 60k and looks at the price often scolding me.” Another reddit user commented saying “Not her Keys not her Crypto”. What is amazing is the jilted bitcoin holder noted that, “I keep telling her we don't need the money and have the cash. We live nice. However today she caught me buying the dip and was so pissed she almost hit me!” Things got thick and wife packed her bags and went to her sisters to stay. The wife since does not want any talks or discussion with the poor hodler. “This is where I need help, where is a good place to pick up girls in my Lambo? ” the hodler asked. Who does relate to this?

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

*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.

Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *Mar 27, 2021 09:55 AM Nairobi*

BITCOIN101* - Let's learn about...
*- _15 Categories of Bitcoin FUD_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session.*

Join Zoom Meeting
https://us02web.zoom.us/j/86319653013?pwd=Mm0raGFjVCtxTW5xTFhzMWNYVjZwZz09

Meeting ID: 863 1965 3013
Passcode: BITCOIN101

Bitcoin fixed above $54K during the last 24hrs, reaching a local high above $55500. As of the time of writing this review, #Bitcoin is worth $55900. Total Crypto Market capitalization is at $1.728 billion with BTC dominance index at 59.4%.

Stock markets rallied yesterday, the Dow Jones rose 1.39% to a historic high, the S&P 500 climbed 1.66%, and the NASDAQ rose 1.24%. The dollar index is down 0.12% to 92.718

On the crypto market, the priority option has worked, Bitcoin has consolidated above 54K and is now trying to do the same at 55K, the market capitalization of Bitcoin has returned above one trillion. Altcoins are doing great, dominance index is at 59.4%, Ethereum hit $1,720 on Binance exchange, with Bitcoin stable over the weekend, altcoins may continue to rise.

The priority option for the weekend is Bitcoin in the range of 54000-57000, the growth of altcoins and market capitalization. An alternative option is to spill Bitcoin below 54K and return to the 51000-54000 range for refueling.

Interesting news Iridium outperformed Bitcoin in 2021. One of the rarest metals, iridium, has risen in price by 131% since the beginning of the year, while Bitcoin has risen by only 85%. Source (bloomberg.com). Glassnode data shows that #Coinbase has withdrawn $ 8 billion worth of Bitcoin in 3 months. This suggests that investors are keeping their purchases in cold wallets for the long term, rather than selling it even at 60K.

Bloomberg's senior commodity strategist Mike McGlone believes Bitcoin could hit 400K in 2021 as a reserve asset. Via a tweet shared above: He said, #Bitcoin in Transition to Risk-Off Reserve Asset: BI Commodity -- Well on its way to becoming a global digital reserve asset, a maturation leap in 2021 may be transitioning Bitcoin toward a risk-off asset, in our view.

Bitcoin addresses containing 1 BTC are growing steadily. According to Glassnode statistics, the number of such addresses has accumulated 5.20% of the total BTC supply.

As we head out to the weekend, here is a small #BTCUSDT TA short-term movement update. Bears seem to continue this bearish movement in the short-term which we mentioned from $61K to $50500(SMA 50), The previous touches for this moving average were followed by a good pump and right now #btc shows tiny rebound from it so what going on now?!
The Current movement shows, $55K as current resistance for bulls and once bulls push up #btc above it with a daily close, this will turn the market to the green side again, but if they fail to do that, and bears kept attacking and pull price below 50K and closed below SMA 50 daily, this will support to Red camp on pulling the price down.


Current action is to wait for monthly close, even if bulls closed above $55K. Levels to watch for action (1) $47500/45500. (2) $43000/41000 ⚠️ These limits will be invalid if BTC reclaimed 61K and closed above it Daily/weekly.

Wishing you a blessed weekend and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge.