#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.*
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Join Zoom Meeting
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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.

#Bitcoin spent the weekend in the 54K and 56K ranges. There were several attempts to go above 56700, but did not lead to success, and at the time of writing this review, #Bitcoin is trading around 55400. Total Crypto Market capitalization is at $1.757 billion and #BTC dominance index of 59.0%

Stock markets opened in different directions. Oil 63.4, S&P 500 futures are falling, gold is 1731, the dollar index is rising to 92.8. Asian indices are now growing. On Friday, March 26, Goldman Sachs sold $ 10.5 billion worth of shares. Most of these assets are related to China, possibly a new escalation in the trade war between the ASP and China.

Bitcoin worked out the Saturday analysis (https://t.me/decryptedge/400), remaining in the range of 54-56K, attempts to go above 56700 did not succeed, neither did it fall below 54K where the main support level is now formed.

The priority option for today (in the absence of negative) is Bitcoin in the range of 54K-56K with a possible test of 57K, if we go below 54K, then we go to refuel to 51-50K

Interesting news Charles Hoskinson, CEO of IOHK company behind #Cardano, vehemently rejected the possibility of a US government banning the first cryptocurrency #Bitcoin and Cardano(ADA). During his most recent ask-me-anything session live-streamed from sunny Colorado, IOHK CEO Charles Hoskinson touched upon various topics, including the U.S. potentially banning Bitcoin and, subsequently, Cardano. The 33-year-old mathematician decisively rejected such a possibility: “That ship has sailed. Bitcoin is not getting banned.” This weighs out on what legendary hedge fund manager Ray Dalio recently stated that Bitcoin was very likely to be outlawed by the U.S. government: “So I think that it would be very likely that you will have it under a certain set of circumstances outlawed the way gold was outlawed.” Dalio mentioned India as an example of a country that is planning to ban crypto. Source: https://u.today

Good to note, the total income of Bitcoin miners in March at a historical record - $ 1.5 billion. While the number of unique addresses in the #Binance blockchain - Binance Smart Chain exceeded 60 million, and at the beginning of March it was only 7. What is Binance Smart Chain? Binance Smart Chain (BSC) is a blockchain protocol from Binance that runs in parallel with Binance Chain. Unlike Binance Chain, however, Binance Smart Chain powers smart contract functionality and boasts compatibility with Ethereum Virtual Machine (EVM). Binance Smart Chain provides faster and cheaper transactions than most blockchains and allows developers to port from Ethereum to Binance Smart Chain with ease. Moreover, Binance is actively encouraging the development of new DeFi apps on BSC by funding promising projects through a launched $100 million developer fund.

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

Latvian Airline Starts Accepting Payments in more Cryptocurrencies: The airline has been taking Bitcoin since 2014. Thoughts on the market as of 30.03. 2021
During the day, Bitcoin tried to gain a foothold above $58000. This did not lead to success, for the last few hours #Bitcoin has been trading in the range of 57400-57200. At the time of writing this review, Bitcoin is worth 57,040. Total Crypto Market capitalization is at $1.814 billion with BTC dominance index at 59.0%

The stock market closed in different directions. The Dow Jones rose 0.30%, reaching an all-time high, the S&P 500 lost 0.09%, and the NASDAQ fell 0.60%. The dollar index rose 0.19% to 92.948.

Bitcoin yesterday moved according to our analysis and even exceeded it, reaching $58400. The news that Visa is starting to accept payments in USDC and even made the first transaction, the solution works on the Ethereum blockchain, brought positive to the market. The growing adoption of cryptocurrency is gaining momentum.

Another interesting moment, while cryptocurrencies showed growth yesterday, the NASDAQ index was deep in red, and this is a positive sign of a further break in the correlation of the crypto market with the stock market.

The priority option for today is Bitcoin in the range of 56500-57700, if we can't hold out, then the next support level is 56K and then 55K.

Interestingly former SEC chairman Jay Clayton joined the regulatory advisory board for hedge fund One River Asset Management - which has invested $ 600 million in bitcoin. Source (prnewswire.com).

Latvian airline, airBaltic has become the latest to take cryptocurrency mainstream as the company started to accept multiple cryptocurrencies, including Dogecoin, as payments for ticket booking. The airline has already been accepting Bitcoin since 2014, making it the first airline company to accept cryptocurrency. This means all the ticket purchases done from 2014 to 2016 have seen gains ranging from +12,248%, to +51,844%. Crazy right…? See chart.

In closing with a detailed outlook, bulls have since succeeded in breakout $55K and turned the market to the positive side, so looking for a bounce from $57k zone to 54K again. It's good to note that the monthly candle has a long wick and if the current month closes as like previous months this will not be good for bulls at all. therefore, to avoid falling into the trap of buying from the top. Not forgetting $49K works as a psychological level for traders at the present time and any closes below it will spread panic in the market and will be a sign of the selling-off starts.

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

In the last 24hrs, Bitcoin continued to grow, with a high of $59370 registered at #Binance. It was not possible to gain a foothold above 59K, at the time of this writing #Bitcoin costs $58640. Total Crypto Market capitalization is now at $1.860 trillion, with BTC dominance index of 59.1%

Equity markets closed lower yesterday. The Dow Jones fell 0.31%, the S&P 500 fell 0.32%, and the NASDAQ fell 0.11%. The dollar index rose 0.39% to 93.315.

On the crypto market, everything is positive, with the price of bitcoin reaching $59370 yesterday on #Binance exchange., this happened after PayPal confirmed that it had officially launched cryptocurrency payments. PayPal, Visa, Tesla already have crypto, I think Amazon and Apple will be next, they simply cannot pass by such a market.

For today, the priority option is bitcoin price in the range of $57000-59000, with a possible renewal of the highs.

Interesting news, Tether has published a report with information on the USDT collateral. Tether's assets at the time of preparation of the report were estimated at $ 35.3 billion. CME Group announced the launch of a new Bitcoin-based product on May 3 - Micro Bitcoin futures contract with a nominal value of 0.1 BTC. 1 contract is equal to 5 BTC. Source cmegroup.com
Morgan Stanley has called cryptocurrency a new class of investment assets that can be used to diversify an investment portfolio. Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. With a total of US$715 billion (2020) assets under management.

Opening the report by noting that for speculative investment opportunities to rise to the level of an investable asset class that can play a role in diversified investment portfolios requires transformational progress on both the supply and demand sides. With cryptocurrency, we think that threshold is being reached. A firming regulatory framework, deepening liquidity, availability of products and growing investor interest—especially among institutional investors—have coalesced. What I like most is the ending of this report: Time to Get educated. The embrace of cryptocurrency as an asset class should not be misconstrued as a recommendation for any one coin. Like other new emergent technologies before it, first movers may not turn out to be the best or most long-lasting movers. Certainly, Bitcoin is currently dominant in cryptocurrencies, capturing roughly two-thirds of current asset class market capitalization, but the ways in which crypto can be used continue to evolve at record speed.

Lest you forget, this is the company that owns 10.9% of Mirostrategy(https://t.me/decryptedge/193). I rest my case. If interested in this report reach out to @Decryptedge.

With that let me wish you a blessed day ahead. Remember to always do your own research. This ought not to be taken as traditional investment advice. #decryptedge