Lastly in an official declaration filing submitted late last month, Kira Rudik, a 35-year-old tech guru who won her political seat in 2019 and is the leader of the Holos (Voice) Party, revealed that she had sold her bitcoin (BTC) and ethereum (ETH) holdings for fiat in the past financial year. On a previous declaration, Rudik had stated she owned almost ETH 32 and BTC 1, which she claimed to have purchased on (respectively) in February and March 2018, but it appears she has cashed in these reserves in recent months as her latest declaration shows no crypto holdings. Several other deputies of the Verkhovna Rada of Ukraine indicated savings in cryptocurrency too in their declarations for 2020. Anatoly Urbansky is the leader in the number of cryptocurrencies. As in the 2019 declaration, he listed 4,256 BTC and 4,256 Bitcoin Cash. At the time of writing, this amount is equivalent to almost 7 billion hryvnia, or $ 252 million. The cryptocurrency savings of the deputy Geo Leros have also not changed since 2019, based on the declaration data - he owns 49 BTC ($ 2.8 million) and 356 ETH (more than $ 751,000). Deputy Vasily Mokan has various assets in his declaration - in addition to Bitcoin and Ethereum, he owns Litecoin, as well as XRP and NXT tokens. People's Deputy Sergei Velmozhny declared 11 428 XMR (more than $ 3 million) belonging to his son. The fact of ownership of cryptocurrencies by family members was recorded in the declarations of several more deputies, including Dmitry Gurin, Yuri Kamelchuk and Inna Sovsun. Source (https://cryptonews.com)
I wonder what our Kenyan Counterparts Mp’s are doing..?
In closing, BTC and ETH charts don't look too good. Prepare for a dip. Remember, if you’re on any alts it WILL be affected by BTC’s movement. Levels to watch here: https://t.me/decryptedge/400 If you’re holding for the long term, you wouldn’t care about the ups and downs of it.
If you can’t bear the volatility and can’t hold for long then I wouldn’t advise any long term position for you
As always, have a blessed afternoon. Remember must do your own research; this is not traditional investment of financial advice. #decryptedge
I wonder what our Kenyan Counterparts Mp’s are doing..?
In closing, BTC and ETH charts don't look too good. Prepare for a dip. Remember, if you’re on any alts it WILL be affected by BTC’s movement. Levels to watch here: https://t.me/decryptedge/400 If you’re holding for the long term, you wouldn’t care about the ups and downs of it.
If you can’t bear the volatility and can’t hold for long then I wouldn’t advise any long term position for you
As always, have a blessed afternoon. Remember must do your own research; this is not traditional investment of financial advice. #decryptedge
Cryptonews
Crypto News: Latest Cryptocurrency News and Analysis
We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings.
The #Cryptocurrency Tycoons On Forbes’ 2021 Billionaires List. Thoughts on the market on 08.04. 2021.
#Bitcoin spent the last 24 hours between 55K and 58K. Corrections to 55K were quickly redeemed, there were several attempts to gain a foothold above 58K, but did not lead to success. At the time of writing this review, Bitcoin is trading at around $56600. Total Crypto Market capitalization is at $1. 906 Trillion, dominance index 55.5%.
The stock market finished trading on Wednesday in different directions. The Dow Jones rose 0.05%, the S&P 500 rose 0.15%, and the NASDAQ fell 0.07%. The volatility index declined, reaching a new 52-week low. The dollar index is up 0.09% to 92.430
With Bitcoin moving according to yesterday's review. It failed to consolidate above 58K and the price began falling to support levels at 57 and 56K. Moreover, the correction plan was over fulfilled and #Bitcoin reached lows of $54400 on Binance exchange. The entire market capitalization fell below $ 1.8 trillion, but is now stabilizing above $ 1.9 trillion. Altcoins also followed Bitcoin - Ether corrected to $1930. I don't think this is the end of the altseason and is still ahead.
Today I expect #Bitcoin in the range of 56000-58000. If we do not keep the main support level at 56K, it will be followed by the level at 55500. But in the medium term, continued growth.
Interestingly Eleven crypto billionaires made the Forbes list for 2021, On the top spot is Sam Bankman-Freed became the leader with a net worth of $ 8.7 billion. Bankman-Fried founded trading firm Alameda Research and popular derivatives exchange FTX. The 29-year old has made waves in the crypto space, with FTX recently winning the naming rights to Miami Heat’s home stadium for 19 years. Cointelegraph recently ranked Bankman-Fried as the third most influential figure in crypto for 2020.
2. The Winklevoss Twins - Newcomers. The twin brothers and former Olympic rowers who sued Facebook turned their $65 million settlement into personal fortunes of $3 billion each. The siblings began buying bitcoin in 2012.
3 Chris Larsen - Returnee. Cofounder and chairman of Ripple grew his fortune by $800 million as his firm’s XRP token soared in value.
4. Jed McCaleb - Newcomer McCaleb is another co-founder of Ripple, and reportedly holds 3.4 billion XRP and 1 billion Stellar Lumens — the cryptocurrency he founded after leaving Ripple
5. Michael Saylor - Newcomer Saylor is the CEO of listed company MicroStrategy and co-founded the software giant in 1989, and now has a net worth of $2.3 billion.
6. Brain Armstrong - Returnee Armstrong is the CEO and co-founder of Coinbase and his net worth has gone from $1 billion to $6.5 billion within 12 months.
7. Fred Ersham - Newcomer Ersham co-founded Coinbase with Brian Armstrong in 2012 and left the firm in 2017.
8. Changpeng Zhao. Founder of the largest crypto exchange Binance and owns an estimated 30% stake in the company. Zhao’s net worth is $1.9 billion, and the digital gold rush has been good to the Binance founder, with Binance Coin becoming the second-largest altcoin by market cap.
9. Matthew Roszak - Newcomer Roszak is the Chairman and co-founder of blockchain technology firm Bloq and is a leading crypto and blockchain investor.
10. Tim Draper - Newcomer Draper is a crypto evangelist with a net worth of $1.5 billion. He bought $18.7 million worth of Bitcoin in 2014 after it was confiscated from the Silk Road black market.
11. Barry Silbert - Newcomer Silbert founded the crypto conglomerate Digital Currency Group in 2015 and has a net worth of $1.6 billion.
With that comprehensive 11 list of Crypto billionaires let me end with this quote: “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” - Jack Schwagger ✍️
Will be sharing an article later today on #Greed Vs You 🤑!!
#Bitcoin spent the last 24 hours between 55K and 58K. Corrections to 55K were quickly redeemed, there were several attempts to gain a foothold above 58K, but did not lead to success. At the time of writing this review, Bitcoin is trading at around $56600. Total Crypto Market capitalization is at $1. 906 Trillion, dominance index 55.5%.
The stock market finished trading on Wednesday in different directions. The Dow Jones rose 0.05%, the S&P 500 rose 0.15%, and the NASDAQ fell 0.07%. The volatility index declined, reaching a new 52-week low. The dollar index is up 0.09% to 92.430
With Bitcoin moving according to yesterday's review. It failed to consolidate above 58K and the price began falling to support levels at 57 and 56K. Moreover, the correction plan was over fulfilled and #Bitcoin reached lows of $54400 on Binance exchange. The entire market capitalization fell below $ 1.8 trillion, but is now stabilizing above $ 1.9 trillion. Altcoins also followed Bitcoin - Ether corrected to $1930. I don't think this is the end of the altseason and is still ahead.
Today I expect #Bitcoin in the range of 56000-58000. If we do not keep the main support level at 56K, it will be followed by the level at 55500. But in the medium term, continued growth.
Interestingly Eleven crypto billionaires made the Forbes list for 2021, On the top spot is Sam Bankman-Freed became the leader with a net worth of $ 8.7 billion. Bankman-Fried founded trading firm Alameda Research and popular derivatives exchange FTX. The 29-year old has made waves in the crypto space, with FTX recently winning the naming rights to Miami Heat’s home stadium for 19 years. Cointelegraph recently ranked Bankman-Fried as the third most influential figure in crypto for 2020.
2. The Winklevoss Twins - Newcomers. The twin brothers and former Olympic rowers who sued Facebook turned their $65 million settlement into personal fortunes of $3 billion each. The siblings began buying bitcoin in 2012.
3 Chris Larsen - Returnee. Cofounder and chairman of Ripple grew his fortune by $800 million as his firm’s XRP token soared in value.
4. Jed McCaleb - Newcomer McCaleb is another co-founder of Ripple, and reportedly holds 3.4 billion XRP and 1 billion Stellar Lumens — the cryptocurrency he founded after leaving Ripple
5. Michael Saylor - Newcomer Saylor is the CEO of listed company MicroStrategy and co-founded the software giant in 1989, and now has a net worth of $2.3 billion.
6. Brain Armstrong - Returnee Armstrong is the CEO and co-founder of Coinbase and his net worth has gone from $1 billion to $6.5 billion within 12 months.
7. Fred Ersham - Newcomer Ersham co-founded Coinbase with Brian Armstrong in 2012 and left the firm in 2017.
8. Changpeng Zhao. Founder of the largest crypto exchange Binance and owns an estimated 30% stake in the company. Zhao’s net worth is $1.9 billion, and the digital gold rush has been good to the Binance founder, with Binance Coin becoming the second-largest altcoin by market cap.
9. Matthew Roszak - Newcomer Roszak is the Chairman and co-founder of blockchain technology firm Bloq and is a leading crypto and blockchain investor.
10. Tim Draper - Newcomer Draper is a crypto evangelist with a net worth of $1.5 billion. He bought $18.7 million worth of Bitcoin in 2014 after it was confiscated from the Silk Road black market.
11. Barry Silbert - Newcomer Silbert founded the crypto conglomerate Digital Currency Group in 2015 and has a net worth of $1.6 billion.
With that comprehensive 11 list of Crypto billionaires let me end with this quote: “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” - Jack Schwagger ✍️
Will be sharing an article later today on #Greed Vs You 🤑!!
Have a blessed day ahead. Remember must do your own research; this is not traditional investment of financial advice. #decryptedge
Don't take this guy very seriously on matters #Crypto as he now says: 'Emerging Issues' Like Cryptocurrencies 'Need to Be Dealt With Quickly' JPMorgan Boss. Thoughts on the market on 9.04.2021
#Bitcoin moved in the range of $55670-58150 during the last 24hrs. Corrections below 56k were quickly bought out, and now trying to fix above 58k. At the time of writing this review, #Bitcoin is trading at around $58020. Total Crypto Market capitalization is at $1.971 Trillion with BTC dominance index at 55.2%
The stock market closed Thursday's trading in growth. Dow Jones rose by 0.17%, the S & P 500 index rose by 0.42%, the NASDAQ index rose by 1.03%. Gold and oil grow. The dollar index dropped by 0.42% to 92.085.
Our yesterday’s review worked as the priority option of the analysis - the movement was mainly in the range of $56000-58000. Just a few hours left below 56k, but the correction was quickly bought out, after which Bitcoin moved to growth and is now trying to entrench above 58k. Altcoins recovered slightly which we had mentioned yesterday.
Today I expect Bitcoin in the range of $57000-58500. If it does not hold 57k the price can drop to 56500 levels.
To some interesting news, the head of JPMorgan Jamie Daimon in a letter to shareholders called to tighten the regulation of cryptocurrency, as they potentially threaten the traditional banking sector. Clearly Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt with – and rather quickly. This is quite disparity and misleading as the same CEO, back in February 2020(https://t.me/decryptedge/340) recommended its clients to invest 1% in Bitcoin (not having Bitcoin in your portfolio now is like denying the Internet in the year 2004-2005). Lastly another thing - back in 2017, JP Morgan CEO Dimon stated that Bitcoin is a scam and threatened to fire any employee who will buy it.
In closing, I would like to say this quote by -Andrew Carnegie who said, "As I grow older, I pay less attention to what men say. I just watch what they do."
Have a blessed day ahead. Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
#Bitcoin moved in the range of $55670-58150 during the last 24hrs. Corrections below 56k were quickly bought out, and now trying to fix above 58k. At the time of writing this review, #Bitcoin is trading at around $58020. Total Crypto Market capitalization is at $1.971 Trillion with BTC dominance index at 55.2%
The stock market closed Thursday's trading in growth. Dow Jones rose by 0.17%, the S & P 500 index rose by 0.42%, the NASDAQ index rose by 1.03%. Gold and oil grow. The dollar index dropped by 0.42% to 92.085.
Our yesterday’s review worked as the priority option of the analysis - the movement was mainly in the range of $56000-58000. Just a few hours left below 56k, but the correction was quickly bought out, after which Bitcoin moved to growth and is now trying to entrench above 58k. Altcoins recovered slightly which we had mentioned yesterday.
Today I expect Bitcoin in the range of $57000-58500. If it does not hold 57k the price can drop to 56500 levels.
To some interesting news, the head of JPMorgan Jamie Daimon in a letter to shareholders called to tighten the regulation of cryptocurrency, as they potentially threaten the traditional banking sector. Clearly Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt with – and rather quickly. This is quite disparity and misleading as the same CEO, back in February 2020(https://t.me/decryptedge/340) recommended its clients to invest 1% in Bitcoin (not having Bitcoin in your portfolio now is like denying the Internet in the year 2004-2005). Lastly another thing - back in 2017, JP Morgan CEO Dimon stated that Bitcoin is a scam and threatened to fire any employee who will buy it.
In closing, I would like to say this quote by -Andrew Carnegie who said, "As I grow older, I pay less attention to what men say. I just watch what they do."
Have a blessed day ahead. Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
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KryptoEdge
#JPMorgan note to clients endorses 1% allocation to #Bitcoin as a #hedge. Thoughts on the market on 27.02.2021.
#Bitcoin spent the last 24 hours between 45K and 48K. Corrections to 45K were quickly redeemed, two attempts to go above 48K have also failed…
#Bitcoin spent the last 24 hours between 45K and 48K. Corrections to 45K were quickly redeemed, two attempts to go above 48K have also failed…
#US National Intelligence Service Warns Of Hazy Future Of Fiat Currencies
Thoughts on the market on 04/10/2021
#Bitcoin has since held above 58K and continued to grow during the day to exiting the 57000-58500 trading range!. At the time of this writing, #Bitcoin is trading at $60,820. Total Crypto Market capitalization is at $2.020Trillion with BTC dominance index of 54.7%
Notably the stock market ended Friday trading with growth. The Dow Jones climbed 0.89% to a historic high, the S&P 500 gained 0.77%, and the NASDAQ rose 0.51%. The dollar index rose 0.10% to 92.162. Gold and oil declined.
The crypto market worked out yesterday's analysis- movement was within the target range. Exiting this range and is now fixed above $60k. The total crypto market capitalization is now at the $2 trillion level.
For today, the priority option is the movement of the main cryptocurrency in the range of 58000-59500, with a possible renewal of the ATH.
Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible, from which those who like to put stops and margin leveraged trading will suffer.
Interestingly, #US National Intelligence in its report warned that digital currencies pose a threat to the dollar and the currencies of US allies. #Stablecoins and privately issued digital currencies threaten the dollar and the currencies of U.S. allies. This conclusion is contained in the report of the National Intelligence Council. In a document titled "Global Trends 2040: A More Competitive World", experts predicted that the implementation of monetary policy will become more difficult due to the weakening of central banks' ability to control exchange rates and money supply. The authors did not name specific cryptocurrencies, nor did they mention the Libra (now Diem) #stablecoin being created by Facebook, as well as the digital yuan and other CBDC projects. “The financial sector has no immunity to transformation due to technology changes. Digital currencies are likely to become widespread in the next twenty years , ”the report says. The experts stressed that this speed will be set by the norms created by the regulators. Back in November 2020, the US National Intelligence Agency worried about the dominance of China in the field of digital currencies. If interested on getting your hands on this report get in touch with us.
Bitcoin exchange Kraken has confirmed its plans to go public in 2022. While Investment banking giant #HSBC is blacklisting MicroStrategy shares. It is no longer possible for HSBC customers to purchase MicroStrategy shares on HSBC's InvestDirect, or HIDC, online trading platform.
Wishing you a blessed day weekend ahead. Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
Coming up is our live weekly Bitcoin101.
Thoughts on the market on 04/10/2021
#Bitcoin has since held above 58K and continued to grow during the day to exiting the 57000-58500 trading range!. At the time of this writing, #Bitcoin is trading at $60,820. Total Crypto Market capitalization is at $2.020Trillion with BTC dominance index of 54.7%
Notably the stock market ended Friday trading with growth. The Dow Jones climbed 0.89% to a historic high, the S&P 500 gained 0.77%, and the NASDAQ rose 0.51%. The dollar index rose 0.10% to 92.162. Gold and oil declined.
The crypto market worked out yesterday's analysis- movement was within the target range. Exiting this range and is now fixed above $60k. The total crypto market capitalization is now at the $2 trillion level.
For today, the priority option is the movement of the main cryptocurrency in the range of 58000-59500, with a possible renewal of the ATH.
Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible, from which those who like to put stops and margin leveraged trading will suffer.
Interestingly, #US National Intelligence in its report warned that digital currencies pose a threat to the dollar and the currencies of US allies. #Stablecoins and privately issued digital currencies threaten the dollar and the currencies of U.S. allies. This conclusion is contained in the report of the National Intelligence Council. In a document titled "Global Trends 2040: A More Competitive World", experts predicted that the implementation of monetary policy will become more difficult due to the weakening of central banks' ability to control exchange rates and money supply. The authors did not name specific cryptocurrencies, nor did they mention the Libra (now Diem) #stablecoin being created by Facebook, as well as the digital yuan and other CBDC projects. “The financial sector has no immunity to transformation due to technology changes. Digital currencies are likely to become widespread in the next twenty years , ”the report says. The experts stressed that this speed will be set by the norms created by the regulators. Back in November 2020, the US National Intelligence Agency worried about the dominance of China in the field of digital currencies. If interested on getting your hands on this report get in touch with us.
Bitcoin exchange Kraken has confirmed its plans to go public in 2022. While Investment banking giant #HSBC is blacklisting MicroStrategy shares. It is no longer possible for HSBC customers to purchase MicroStrategy shares on HSBC's InvestDirect, or HIDC, online trading platform.
Wishing you a blessed day weekend ahead. Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
Coming up is our live weekly Bitcoin101.
*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.
Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *Apr 10, 2021 09:55 AM Nairobi*
BITCOIN101* - Let's learn about...
*- _Reasons: Why Bitcoin and Cryptocurrencies?_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session.*
Join Zoom Meeting
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Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *Apr 10, 2021 09:55 AM Nairobi*
BITCOIN101* - Let's learn about...
*- _Reasons: Why Bitcoin and Cryptocurrencies?_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session.*
Join Zoom Meeting
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ANOTHER WIN FOR #XRP IN #SEC V RIPPLE CASE as #Ethereum's capitalization Surpasses the value of Coca-Cola and Netflix. Thoughts on the market on 12.04.2021.
#Bitcoin over the weekend tried to gain a foothold above 60K and reached a high of $61278 on Binance Exchange, but then corrected down again.. At the time of this writing, #Bitcoin is trading around $60350. Total Crypto Market capitalization $2.085 Trillion, BTC dominance index is at 54.2%
Equity markets opened slightly lower. At the moment, futures for the S&P 500 are in a slight minus, Asian indices have dipped, gold and silver are also falling.
#Bitcoin fulfilled the last analysis (https://t.me/decryptedge/431) and even slightly exceeded expectations. On Saturday, it reached $61278 on #Binance), after which there was a correction below $58500, which was immediately redeemed and it again went up.
The main moonshots of the weekend were Binance native coins(BNB, Ethereum and Ripple, which have updated their highs. BNB was at 549, ETH was up to 2196, and XRP hit its high after the SEC sued for $ 1.5. I think that soon Ripple will be able to compete for the 3rd place in the rating on coinmarketcap. With growing optimism among Ripple co-founders and XRP holders, Brad Garlinghouse said the firm is ready to march on without the XRP-based settlement platform if it loses the legal battle against the US regulator. We wrote about the XRP situation back in January https://t.me/decryptedge/178. For those who followed you are up more than 200%.
Today I expect Bitcoin in the range of 59000-61000 with possible renewal of highs. Major support is at 59000 followed by 58750.
On the news with the court rejecting SEC's request to disclose personal financial information of Ripple executives, we remember where it all started back in December 2020, the SEC accused Ripple of selling unregistered securities in the form of an XRP token in the amount of $ 1.3 billion. The judge upheld the company's motion: "Since the SEC requests personal financial statements to verify the completeness of the information that the defendants have agreed to provide, the court finds no evidence to suggest that such verification is necessary or appropriate." The court ruling states that such requests will lead to the disclosure of private information that "has nothing to do with whether the respondents offered or sold XRP in the public market or facilitated its sale to potential investors." Earlier, Judge Netburn granted Ripple's petition for access to SEC documents revealing the regulator's “interpretation and views” of Bitcoin and Ethereum.
Notably December BTC futures hit $ 73,500. As crypto-derivatives markets remain largely unregulated, inefficiencies shall continue to prevail. December's $73,500 contract does not necessarily reflect investors' expectations, and such a premium should recede. Source : Cointelegraph. #Bitcoin futures allow investors to gain exposure to Bitcoin without having to hold the underlying cryptocurrency. Like a futures contract for a commodity or stock index, Bitcoin futures allow investors to speculate on the future price of Bitcoin.
#Ethereum's capitalization has surpassed the value of Coca-Cola and Netflix. #Ethereum network went live on 30 July 2015 so that makes it 7 years. $240.14B is the Ethereum Market Cap, this is up from 226.62B yesterday and up from 19.15B one year ago. For coca-cola a 129 years old company is valued at $197.1B. Netflix on the other end is a 23 years old company valued at $194 billion.
On that note let me wish you a good 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
#Bitcoin over the weekend tried to gain a foothold above 60K and reached a high of $61278 on Binance Exchange, but then corrected down again.. At the time of this writing, #Bitcoin is trading around $60350. Total Crypto Market capitalization $2.085 Trillion, BTC dominance index is at 54.2%
Equity markets opened slightly lower. At the moment, futures for the S&P 500 are in a slight minus, Asian indices have dipped, gold and silver are also falling.
#Bitcoin fulfilled the last analysis (https://t.me/decryptedge/431) and even slightly exceeded expectations. On Saturday, it reached $61278 on #Binance), after which there was a correction below $58500, which was immediately redeemed and it again went up.
The main moonshots of the weekend were Binance native coins(BNB, Ethereum and Ripple, which have updated their highs. BNB was at 549, ETH was up to 2196, and XRP hit its high after the SEC sued for $ 1.5. I think that soon Ripple will be able to compete for the 3rd place in the rating on coinmarketcap. With growing optimism among Ripple co-founders and XRP holders, Brad Garlinghouse said the firm is ready to march on without the XRP-based settlement platform if it loses the legal battle against the US regulator. We wrote about the XRP situation back in January https://t.me/decryptedge/178. For those who followed you are up more than 200%.
Today I expect Bitcoin in the range of 59000-61000 with possible renewal of highs. Major support is at 59000 followed by 58750.
On the news with the court rejecting SEC's request to disclose personal financial information of Ripple executives, we remember where it all started back in December 2020, the SEC accused Ripple of selling unregistered securities in the form of an XRP token in the amount of $ 1.3 billion. The judge upheld the company's motion: "Since the SEC requests personal financial statements to verify the completeness of the information that the defendants have agreed to provide, the court finds no evidence to suggest that such verification is necessary or appropriate." The court ruling states that such requests will lead to the disclosure of private information that "has nothing to do with whether the respondents offered or sold XRP in the public market or facilitated its sale to potential investors." Earlier, Judge Netburn granted Ripple's petition for access to SEC documents revealing the regulator's “interpretation and views” of Bitcoin and Ethereum.
Notably December BTC futures hit $ 73,500. As crypto-derivatives markets remain largely unregulated, inefficiencies shall continue to prevail. December's $73,500 contract does not necessarily reflect investors' expectations, and such a premium should recede. Source : Cointelegraph. #Bitcoin futures allow investors to gain exposure to Bitcoin without having to hold the underlying cryptocurrency. Like a futures contract for a commodity or stock index, Bitcoin futures allow investors to speculate on the future price of Bitcoin.
#Ethereum's capitalization has surpassed the value of Coca-Cola and Netflix. #Ethereum network went live on 30 July 2015 so that makes it 7 years. $240.14B is the Ethereum Market Cap, this is up from 226.62B yesterday and up from 19.15B one year ago. For coca-cola a 129 years old company is valued at $197.1B. Netflix on the other end is a 23 years old company valued at $194 billion.
On that note let me wish you a good day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge
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#US National Intelligence Service Warns Of Hazy Future Of Fiat Currencies
Thoughts on the market on 04/10/2021
#Bitcoin has since held above 58K and continued to grow during the day to exiting the 57000-58500 trading range!. At the time of this writing,…
Thoughts on the market on 04/10/2021
#Bitcoin has since held above 58K and continued to grow during the day to exiting the 57000-58500 trading range!. At the time of this writing,…
#Binance Offers Commission-Free Stock Trading, Tokenizes Tesla Shares. As Time Magazine Hold Bitcoin on Its Balance Sheet. Thoughts on the market on 13.04.2021
#Bitcoin was in the range of $61300-59300 during the day. There were several attempts to gain a foothold above 61K, but not yet yielded a successful result and at the time of writing the review, #Bitcoin is trading around $60600. Total Crypto Market capitalization is at $2.094 Trillion, and BTC dominance index of 54.0%.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.16%, the S&P 500 rose 0.01%, and the NASDAQ dropped 0.36%. The volatility index rose 1.32%, while the dollar index dropped 0.05% to 92.115.
As noted, Bitcoin worked out the priority version of yesterday’s and moved in the range of 61300-59300. Attempts to gain a foothold above 61K have not yielded results yet, but we are not leaving below 59K either.
The priority option for today is price movement in the range of 59000-61000, with a possible renewal of the highs. Major support levels are at 59500-59000, and resistance is at 60800-61200. The option with a departure below 59K is an alternative.
Interestingly #Binance has announced the addition of zero-fee tokenized shares to its listing. The first to include shares in the electric car manufacturer Tesla. Binance CEO Changpeng Zhao believes that digital stock tokens will provide a bridge between traditional and crypto markets and broaden access to equity markets, resulting in a “more inclusive financial future.” The first publicly tradable equity in the form of a Binance stock token will be Tesla, the share price of which currently hovers around the $700 mark. Rather than purchase a full, traditional share, for which custody of a physical share certificate is required, users can purchase as little as one one-hundredth of a Tesla share represented by a digital token. Binance stated: “Each digital token represents one share of equity stock and is fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. Users will be able to trade fractional tokens.” Source ( Cointelegraph)
One of the most authoritative world publications, TIME magazine, will accept Bitcoin and store the received cryptocurrency. Last month time magazine announced that they were looking for a CFO familiar with blockchain and cryptocurrencies. (https://t.me/decryptedge/390). Michael Sonnenshein CEO at Grayscale. On his tweet he stated that “Thrilled @Grayscale is partnering w/ @TIME on a new video series coming this summer explaining the #crypto space. Equally as important, @KeithGrossman & @TIME has agreed to be paid in #Bitcoin - and will hold the $BTC on their balance sheet. A first for our media partnerships!” end of quote. This is really affirming the global adoption. Back in February 2020 I wrote about the 1 trillion psychological level with more companies onboarding. (https://t.me/decryptedge/317)
MicroStrategy's board of directors will receive bonuses in Bitcoin instead of dollars. A company leading the world in intelligent business development. Not only will @MicroStrategy thrive as a business but its board, and hopefully employees will benefit hugely from this development. This opens up or rather throws a spanner in the works for Govts. On a point of caution though, anytime someone converts Crypto to Fiat creates a tax event.. Which at some point in time one will have to declare. Not forgetting #Coinbase upcoming listing tomorrow means. Remember they have a working arrangement with the IRS so your trading data will be availed if you use #Coinbase.
With that, wishing you a blessed day ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
#Bitcoin was in the range of $61300-59300 during the day. There were several attempts to gain a foothold above 61K, but not yet yielded a successful result and at the time of writing the review, #Bitcoin is trading around $60600. Total Crypto Market capitalization is at $2.094 Trillion, and BTC dominance index of 54.0%.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.16%, the S&P 500 rose 0.01%, and the NASDAQ dropped 0.36%. The volatility index rose 1.32%, while the dollar index dropped 0.05% to 92.115.
As noted, Bitcoin worked out the priority version of yesterday’s and moved in the range of 61300-59300. Attempts to gain a foothold above 61K have not yielded results yet, but we are not leaving below 59K either.
The priority option for today is price movement in the range of 59000-61000, with a possible renewal of the highs. Major support levels are at 59500-59000, and resistance is at 60800-61200. The option with a departure below 59K is an alternative.
Interestingly #Binance has announced the addition of zero-fee tokenized shares to its listing. The first to include shares in the electric car manufacturer Tesla. Binance CEO Changpeng Zhao believes that digital stock tokens will provide a bridge between traditional and crypto markets and broaden access to equity markets, resulting in a “more inclusive financial future.” The first publicly tradable equity in the form of a Binance stock token will be Tesla, the share price of which currently hovers around the $700 mark. Rather than purchase a full, traditional share, for which custody of a physical share certificate is required, users can purchase as little as one one-hundredth of a Tesla share represented by a digital token. Binance stated: “Each digital token represents one share of equity stock and is fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. Users will be able to trade fractional tokens.” Source ( Cointelegraph)
One of the most authoritative world publications, TIME magazine, will accept Bitcoin and store the received cryptocurrency. Last month time magazine announced that they were looking for a CFO familiar with blockchain and cryptocurrencies. (https://t.me/decryptedge/390). Michael Sonnenshein CEO at Grayscale. On his tweet he stated that “Thrilled @Grayscale is partnering w/ @TIME on a new video series coming this summer explaining the #crypto space. Equally as important, @KeithGrossman & @TIME has agreed to be paid in #Bitcoin - and will hold the $BTC on their balance sheet. A first for our media partnerships!” end of quote. This is really affirming the global adoption. Back in February 2020 I wrote about the 1 trillion psychological level with more companies onboarding. (https://t.me/decryptedge/317)
MicroStrategy's board of directors will receive bonuses in Bitcoin instead of dollars. A company leading the world in intelligent business development. Not only will @MicroStrategy thrive as a business but its board, and hopefully employees will benefit hugely from this development. This opens up or rather throws a spanner in the works for Govts. On a point of caution though, anytime someone converts Crypto to Fiat creates a tax event.. Which at some point in time one will have to declare. Not forgetting #Coinbase upcoming listing tomorrow means. Remember they have a working arrangement with the IRS so your trading data will be availed if you use #Coinbase.
With that, wishing you a blessed day ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
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#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…
#Banning Bitcoin Is Like Shutting Down Internet — #Government Would Be 'Foolish' to Try as #Coinbase makes a listing debut with a $250 price tag. Thoughts on the market on 14.04.2021
After consolidating around 60K, #Bitcoin broke out of the range, consolidated above 62K and updated it All Time High at $64548 on #Binance Exchange. At the time of this writing, it's trading for $64,056. Total Crypto Market capitalization is now at $ $2.309 Trillion, and BTC dominance index of 53.6%.
How does the BTC Dominance affects #altcoins & the Cryptocurrency market as a Whole? Comment or let me know if you would like us to.
Equity markets finished trading on Tuesday in different directions. The Dow Jones fell 0.20%, the S&P 500 rose 0.29%, and the NASDAQ rose 1.05%. The volatility index fell 1.54% to hit a new 52-week low. The dollar index dropped 0.35%. Gold and oil rose.
#Bitcoin exceeded all expectations and exceeded yesterday's analysis, there is a new ATH of 64548. Bitcoin's rise pushed the rest of the market to highs as well.
The new ATHs of Ethereum is now at $2404. The growth leader was Elon Musk's favorite Dogecoin, which does not seem to be going to stop, having renewed its highs at 0.12 a few hours ago. This year it has registered 118.0% gains.
If Bitcoin continues to hit highs today and hits 65K, the scale of #FOMO will only grow. Those who sold Bitcoin at 50K will now buy it above 60. (Fear Vs Greed).
The priority option for today is price movement in the range of 61000-64000, with a likely renewal of the 65K highs. The main support levels are 62850-61000, the main resistance levels are 63850 and 65000. If we go below 61K, then a return to 59K is possible.
Interestingly Securities and Exchange Commission Commissioner Hester Pierce compares the Bitcoin ban to shutting down the internet. Peirce, sometimes known as “crypto mom,” has been pushing for the SEC to approve a bitcoin ETF for several years. She was asked during the interview whether banning cryptocurrencies is a possibility since some people still believe that governments can always ban bitcoin, including Bridgewater Associates founder Ray Dalio, The Big Short’s Michael Burry, and Ron Paul. The commissioner replied: I think we were past that point very early on because you would have to shut down the internet. As I’ve said in the past, I don’t see how you could ban it … I think that it would be a foolish thing for the government to try to do that. Source News.Bitcoin.
Goldman Sachs and Nasdaq decided that #Coinbase should start trading at $ 250 per share. As reported by #Coindesk, This is a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding. The reference price is discovered using public financial information along with market sentiment and is usually a conservative estimate. This figure is 27% lower than what #Coinbase last traded at in the private secondary market, $343.58 per share.
MicroStrategy (MSTR) shares surged to monthly highs on Tuesday amid bitcoin gains. By as much as 10% on Tuesday, just one day after an SEC filing showed that non-employee board members will be paid in BTC. Shares of the business intelligence firm touched an intraday high of $770 on the New York Stock Exchange, representing a gain of 10% — the highest level since March 11. At current values, MicroStrategy has a total market capitalization of $7.5 billion.
In closing with the fear and greed index there are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, that means the market is due for a correction. Take your pick.
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.
After consolidating around 60K, #Bitcoin broke out of the range, consolidated above 62K and updated it All Time High at $64548 on #Binance Exchange. At the time of this writing, it's trading for $64,056. Total Crypto Market capitalization is now at $ $2.309 Trillion, and BTC dominance index of 53.6%.
How does the BTC Dominance affects #altcoins & the Cryptocurrency market as a Whole? Comment or let me know if you would like us to.
Equity markets finished trading on Tuesday in different directions. The Dow Jones fell 0.20%, the S&P 500 rose 0.29%, and the NASDAQ rose 1.05%. The volatility index fell 1.54% to hit a new 52-week low. The dollar index dropped 0.35%. Gold and oil rose.
#Bitcoin exceeded all expectations and exceeded yesterday's analysis, there is a new ATH of 64548. Bitcoin's rise pushed the rest of the market to highs as well.
The new ATHs of Ethereum is now at $2404. The growth leader was Elon Musk's favorite Dogecoin, which does not seem to be going to stop, having renewed its highs at 0.12 a few hours ago. This year it has registered 118.0% gains.
If Bitcoin continues to hit highs today and hits 65K, the scale of #FOMO will only grow. Those who sold Bitcoin at 50K will now buy it above 60. (Fear Vs Greed).
The priority option for today is price movement in the range of 61000-64000, with a likely renewal of the 65K highs. The main support levels are 62850-61000, the main resistance levels are 63850 and 65000. If we go below 61K, then a return to 59K is possible.
Interestingly Securities and Exchange Commission Commissioner Hester Pierce compares the Bitcoin ban to shutting down the internet. Peirce, sometimes known as “crypto mom,” has been pushing for the SEC to approve a bitcoin ETF for several years. She was asked during the interview whether banning cryptocurrencies is a possibility since some people still believe that governments can always ban bitcoin, including Bridgewater Associates founder Ray Dalio, The Big Short’s Michael Burry, and Ron Paul. The commissioner replied: I think we were past that point very early on because you would have to shut down the internet. As I’ve said in the past, I don’t see how you could ban it … I think that it would be a foolish thing for the government to try to do that. Source News.Bitcoin.
Goldman Sachs and Nasdaq decided that #Coinbase should start trading at $ 250 per share. As reported by #Coindesk, This is a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding. The reference price is discovered using public financial information along with market sentiment and is usually a conservative estimate. This figure is 27% lower than what #Coinbase last traded at in the private secondary market, $343.58 per share.
MicroStrategy (MSTR) shares surged to monthly highs on Tuesday amid bitcoin gains. By as much as 10% on Tuesday, just one day after an SEC filing showed that non-employee board members will be paid in BTC. Shares of the business intelligence firm touched an intraday high of $770 on the New York Stock Exchange, representing a gain of 10% — the highest level since March 11. At current values, MicroStrategy has a total market capitalization of $7.5 billion.
In closing with the fear and greed index there are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, that means the market is due for a correction. Take your pick.
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.
#Crypto Friendly #US #SEC?.. As Over 10,000 blacklisted #BTC from a 2016 Bitfinex hack on the move. Thoughts on the market on 15.04.2021
#Bitcoin updated its ATH again yesterday. The new ATH is now above 64900 $64918 on #Binance Exchange). As of the time of this writing, Bitcoin is worth $63,260. Total Crypto Market capitalization of $2.230 Trillion with BTC dominance index of 52.9%.
Equity markets on Wednesday finished trading in different directions again. The Dow Jones rose 0.16%, the S&P 500 fell 0.41%, and the NASDAQ fell 0.99%. The volatility index rose 2.04% to 16.99, while the dollar index dropped 0.20%.
After #Bitcoin updated its ATH above $64900, what followed was a rollback towards 61K, that was quickly redeemed and the price returned to 63K. #Etherum registered an ATH of $2450 and XRP $ 1.96.
The main event of yesterday was the entry of #Coinbase exchange into the stock market, now listed and publicly traded like the tech giants like Facebook or Uber. #Coinbase has a capitalization of over 87 billion, making it the most capitalized crypto exchange in the world. The original COIN price was $ 250, but the stock opened at 381 and peaked at 429, sharply changed its course and went down, trading closed at $ 328. Against this background, the #Binance exchange, which yesterday announced the listing of tokenized #Coinbase shares, postponed the start of trading due to market volatility. In my observation #Coinbase will be the darling of the US market having passed the regulatory measures. On the other hand with the backdrop of the US/China trade war or rather fight for superiority, it would be correct to observe that American regulators don't like #binance.. they see it as a #chinese firm. With that bias they would want #coinbase to be number one. In my opinion, #Binance is already way ahead and quite innovative. Lets see how this plays out.
Today’s priority option is Bitcoin movement in the range of $64000-62000. For transition to growth, it is necessary to consolidate above 64K. The main support levels are 61800-61000, the main resistance levels are 63500-64000.
Interesting: Gary Gensler has become the new chairman of the Securities and Exchange Commission, taking a more positive stance towards cryptocurrencies. A former Goldman Sachs banker, a forceful commodities regulator under President Barack Obama And Crypto Professor. SEC Commissioner Hester Peirce (Crypto Mom) acknowledged Gensler will have a "very busy agenda—much of which will have nothing to do with crypto," but she said he's likely to be "sympathetic to the call for regulatory clarity" in the space. The SEC has long delayed issuing firm regulation targeting digital currencies given its purview over securities (and not currencies), but Gensler—a professor focused on cryptocurrencies and blockchain technology at the MIT Sloan School of Management—will be overseeing the agency as it takes on a slew of bitcoin exchange-traded fund applications and as it investigates Ripple, the firm behind one of the world's largest cryptocurrencies, for the alleged sale of unregistered securities. We talked about him back in January (https://t.me/decryptedge/216)
CRUCIAL QUOTE “When it comes to enforcement, Mr. Gensler has shown he has the guts to take on bad actors, no matter how big, no matter how powerful they are, and he will hold them accountable,” Senate Banking Chair Sherrod Brown (D-Ohio) said Tuesday. Source | FORBES
Over $ 750 million worth of bitcoins stolen from the Bitfinex cryptocurrency exchange in 2016 are back in motion. (Over 10,000 BTC) As reported by #Cointelegraph, a tranche of long-dormant Bitcoin seized in the 2016 hack of the #Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has some market participants spooked and may be contributing to a downward slide for Bitcoin. Most likely outcome is that the Bitfinex hacker may not sell the #Bitcoin (not in any volume). But he/she/they can move it to try to manipulate the market while they short it elsewhere.
#Bitcoin updated its ATH again yesterday. The new ATH is now above 64900 $64918 on #Binance Exchange). As of the time of this writing, Bitcoin is worth $63,260. Total Crypto Market capitalization of $2.230 Trillion with BTC dominance index of 52.9%.
Equity markets on Wednesday finished trading in different directions again. The Dow Jones rose 0.16%, the S&P 500 fell 0.41%, and the NASDAQ fell 0.99%. The volatility index rose 2.04% to 16.99, while the dollar index dropped 0.20%.
After #Bitcoin updated its ATH above $64900, what followed was a rollback towards 61K, that was quickly redeemed and the price returned to 63K. #Etherum registered an ATH of $2450 and XRP $ 1.96.
The main event of yesterday was the entry of #Coinbase exchange into the stock market, now listed and publicly traded like the tech giants like Facebook or Uber. #Coinbase has a capitalization of over 87 billion, making it the most capitalized crypto exchange in the world. The original COIN price was $ 250, but the stock opened at 381 and peaked at 429, sharply changed its course and went down, trading closed at $ 328. Against this background, the #Binance exchange, which yesterday announced the listing of tokenized #Coinbase shares, postponed the start of trading due to market volatility. In my observation #Coinbase will be the darling of the US market having passed the regulatory measures. On the other hand with the backdrop of the US/China trade war or rather fight for superiority, it would be correct to observe that American regulators don't like #binance.. they see it as a #chinese firm. With that bias they would want #coinbase to be number one. In my opinion, #Binance is already way ahead and quite innovative. Lets see how this plays out.
Today’s priority option is Bitcoin movement in the range of $64000-62000. For transition to growth, it is necessary to consolidate above 64K. The main support levels are 61800-61000, the main resistance levels are 63500-64000.
Interesting: Gary Gensler has become the new chairman of the Securities and Exchange Commission, taking a more positive stance towards cryptocurrencies. A former Goldman Sachs banker, a forceful commodities regulator under President Barack Obama And Crypto Professor. SEC Commissioner Hester Peirce (Crypto Mom) acknowledged Gensler will have a "very busy agenda—much of which will have nothing to do with crypto," but she said he's likely to be "sympathetic to the call for regulatory clarity" in the space. The SEC has long delayed issuing firm regulation targeting digital currencies given its purview over securities (and not currencies), but Gensler—a professor focused on cryptocurrencies and blockchain technology at the MIT Sloan School of Management—will be overseeing the agency as it takes on a slew of bitcoin exchange-traded fund applications and as it investigates Ripple, the firm behind one of the world's largest cryptocurrencies, for the alleged sale of unregistered securities. We talked about him back in January (https://t.me/decryptedge/216)
CRUCIAL QUOTE “When it comes to enforcement, Mr. Gensler has shown he has the guts to take on bad actors, no matter how big, no matter how powerful they are, and he will hold them accountable,” Senate Banking Chair Sherrod Brown (D-Ohio) said Tuesday. Source | FORBES
Over $ 750 million worth of bitcoins stolen from the Bitfinex cryptocurrency exchange in 2016 are back in motion. (Over 10,000 BTC) As reported by #Cointelegraph, a tranche of long-dormant Bitcoin seized in the 2016 hack of the #Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has some market participants spooked and may be contributing to a downward slide for Bitcoin. Most likely outcome is that the Bitfinex hacker may not sell the #Bitcoin (not in any volume). But he/she/they can move it to try to manipulate the market while they short it elsewhere.
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From the 32-36K trading range, Bitcoin went up, consolidated above 36K, and reached a high above 38230. After that, there was a correction to 36800; it was quickly redeemed, and now Bitcoin is trading at 37400-37500. Total Crypto Market capitalization 1003…
So in closing with a background of activities both positive and negative, Bulls are trying to build a support zone above 60/59K zone and if they succeed to do that this will give a good push to $68K/72K and an new ATH will be achieved
But if they fail to do that, and bears overcome them by breakdown $56/54K and BTC closes below it weekly or monthly, bulls will be in a bad situation, and it will be a perfect time for a dump. So be sure you follow risk management in your trades.
As always wishing you a blessed day ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge
But if they fail to do that, and bears overcome them by breakdown $56/54K and BTC closes below it weekly or monthly, bulls will be in a bad situation, and it will be a perfect time for a dump. So be sure you follow risk management in your trades.
As always wishing you a blessed day ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge