#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.

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

From an email: Garry Tan Turned A $300,000 Bet On #Coinbase Into A $680 Million ‘Golden Ticket’. #DogeCoin Joke Crypto, that was.. Funded Water Projects in Kenya. Thoughts on the market on 16.04.2021.

#Bitcoin was in the price range of $63800-62000 in the last 26hrs. It later managed to gain a foothold above 62K. At the time of this writing, Bitcoin is worth 62,820. Total Crypto Market capitalization is at $2.262 Trillion and BTC dominance index of 52.1%

Equity markets rallied yesterday, driven by stronger tech, health and commodities sectors. The Dow Jones rose 0.90%, reaching an all-time high, the S&P 500 rose 1.11%, and the NASDAQ rose 1.31%. The dollar index fell 0.03%.

Bitcoin yesterday clearly worked out the priority version of our analysis and moved in the specified range, gaining a foothold above 62000. At the same time, altcoins feel confident, with the BTC dominance index at 52.1% and continue to fall.

April 15 was Ethereum day. The hard fork of Berlin took place, within which a change in the algorithm for calculating cost of gas and new types of transactions were introduced. Not everything went smoothly right away, and after the launch, a failure was recorded on the network, which was quickly eliminated. In addition, the cryptocurrency set a new all-time high of $2549 on #Binance exchange. Open interest in futures reached a record $ 8.1 billion.

Another star was Dogecoin, which grew by more than 100% in a day and set the new ATH at $ 0.29. It happened after another tweet by Elon Musk. This may not end well.. In the event of a negative tweet from the same guy.

FYI: Dogecoin started in December 2013, at the peak of the first big bitcoin bubble as the media likes to call it. Dogecoin was originally a joke cryptocurrency, taking its name from the “doge” internet meme: a picture of a shiba inu dog talking in Comic Sans font. The idea was to have fun and be silly with a cryptocurrency that was cheap enough to mess around with—each coin was worth a fraction of a cent. Dogecoin fans (nicknamed “shibes”) gathered on the Reddit forum /r/dogecoin. They would tip each other dogecoins for amusing comments.

To my surprise, The forum actually got into charity. Raised nearly $30,000 of dogecoins in January 2014 to send the Jamaican bobsled team to the 2014 Winter Olympics. Doge4Water raised $32,000 to supply clean water in #Kenya. 4 water projects were actualised (https://www.charitywater.org/projects/158-27?campaign_id=51029) They did this just by creating their own magical internet money, selling it for bitcoins, then selling the bitcoins for dollars—which was surprisingly feasible at the height of a bubble. Money changes everything—and “play money” that you can get real money for will lure in the people who just want the money. Source https://foreignpolicy.com/ | David Gerard.

Today I expect Bitcoin to move in the range of $62-64k, continued growth of altcoins and market capitalization. A variation below 62k is an alternative. The main support levels are $62/61k, the main resistance levels remain the same at $63500-64000.

Interestingly, nearly 3 out of 4 professional investors in a Bank of America survey see Bitcoin as a bubble. Insurance giant AXA has begun accepting Bitcoin payments in Switzerland. A Miami Commissioner, now wants to allow residents to pay taxes in Bitcoin. According to a Thursday document acquired by the Miami New Times, County Commissioner Cohen Higgins has brought a resolution to Miami-Dade’s Infrastructure, Operations and Innovations Committee calling for the establishment of a 13-member crypto task force. Source | cointelegraph.com

Investments made back in March 2012 by the venture capital firm Initialized Capital in the tune of $300,000 on the Crypto exchange #Coinbase run Brian Armstrong, which just listed in Nasdaq, turned into $565 million dollars. This started when Garry Tan received an email from the founder of a new startup called Bitbank(now #coinbase), Brian Armstrong. One lesson for Tan from his #Coinbase success: “When the lights start flashing, you need to do something. That’s when you need to push all the way in.” Full Story | Forbes.

The power of patience and investing.

Have a blessed day ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge

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#ARK buys another $64 mln in #Coinbase shares, sells $99.5 mln of #Tesla shares. Thoughts on the market on 17.04.2021

Reach out to Admins: @DkryptoL & @TichCrypto for any queries.

#Bitcoin declined during the day, having lost support at 61K, reached local lows around 60K, after which it returned above 62K. At the time of this writing, #Bitcoin is worth $62,240 with a dominance index of 51.3%. Total crypto market capitalization is at $2.272 Trillion

The stock market ended Friday trading with growth. The Dow Jones rose 0.48%, reaching an all-time high, the S&P 500 rose 0.36%, and the NASDAQ rose 0.10%. The volatility index fell 1.93% and the dollar index fell 0.09% to 91.540..

For #Bitcoin, an alternative option with a correction to 61K worked. Moreover, the correction plan was exceeded and Bitcoin reached local lows of about 60K (60051 according to data from #Binance Exchange). The price is now trying to gain a foothold above 62K.

Yesterday's leak was triggered by the news of the ban on the use of cryptocurrencies as a payment instrument in Turkey. The ban will come into force on April 30, 2021. The official reasons for announcing the ban are volatility, illegal use and the risk of theft. But the ban does not yet apply to exchange trading.

Dogecoin hit its highs again yesterday, hitting 0.45, pushing it to a market cap of over $ 54 billion and making it fifth in the coinmarketcap ranking. Bitcoin Cash surpassed $ 1,000 for the first time since the summer of 2018.

For today expect Bitcoin in the range of 60,000-64,000 and continued growth of altcoins. The option with a drift below 60k is an alternative. Major support level 62600, resistance level 60,000.

Interestingly, ARK Invest additionally acquired $ 110 million worth of #Coinbase shares. The Celebrity stockpicker Cathie Woods' ARK funds bought the shares of #Coinbase (COIN.O) a day after the cryptocurrency exchange's Nasdaq debut, according to the firm's daily trade summary on Thursday. Yesterday again they bought additional 187,078 shares of #Coinbase, in a purchase worth nearly $64 million at the day’s closing price of $342. The Coinbase purchases add to the 341,186 shares purchased on Thursday and 749,205 purchased on Wednesday. The bet on Coinbase gives ARK more indirect exposure to cryptocurrencies on top of its big bets on the likes of Tesla, which recently invested in bitcoin and said it would accept the cryptocurrency as payment for its cars.

Notably and on the contrary it sold 134,541 shares of Tesla, valued at $99.5 million at Friday's close. Tesla is still by far the firm's biggest position by value on its major funds. Source | Reuters.

As always wishing you a blessed weekend ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge,

Today we look at After #bitcoin crackdown, #China now calls it an ‘investment alternative’ in a significant shift in tone and 50-Day SMA what does it even mean? Thoughts on the market on 19.04.2021

#Bitcoin fell below 51K over the weekend, reaching lows of $50931 on #Binance exchange. This correction was gradually bought out #Bitcoin moved to growth. At the time of this writing, Bitcoin is trading at #57100. Total Crypto Market capitalization is at $2.094 Trillion, with a #BTC dominance index of 50.9%.

Equity markets opened slightly lower. As of now, S&P 500 futures are down 0.17%. Gold and silver are falling.

For #Bitcoin, an alternative version of the Saturday analysis worked out. Having lost support at 60K, the price reached local lows below 51K (50931 on Binance). The corrections pulled the entire market with it, some altcoins lost up to 30% of their value. The volume of liquidations for Sunday amounted to about 10 billion, and according to the bybit exchange, more than 1 million traders became victims of such a dip. The aggregate market capitalization fell below 1.9 trillion and reached $1.895.

The #Bitcoin dip was fueled by several factors that converged over the weekend. Power outages in some regions of China, which accompanied sharp reductions in hash rates, up to 30% for the leading Bitcoin mining pools, inflated expectations of #Coinbase listing on #Nasdaq, news that the US Treasury has accused several companies of money laundering through digital currencies (already its refuted) and natural depletion of the market, we have been growing for a very long time. All these factors led to such a collapse.

For today expect #Bitcoin in the range $54000-58000. with an option drift below 54k is an alternative.

Interestingly China is exploring cryptocurrencies as an investment vehicle. The central bank official said stablecoins issued by private companies may require "stronger regulatory rules" than Bitcoin. Li Bo, recently appointed deputy governor of the People’s Bank of China, or PBoC, reportedly spoke on the benefits of crypto as an investment tool while highlighting regulatory uncertainty in the country surrounding digital assets.

“We believe that #Bitcoin and #stablecoins are encrypted assets,” said Li. “Encrypted assets are an investment option, not currency itself. It is an alternative investment, not currency itself. Therefore, we believe that crypto assets should play a major role in the future, either as an investment tool or as an alternative investment.” Source | https://cointelegraph.com/

So in closing, with Bitcoin falling sharply yesterday, dipping well below the 50-day simple moving average (SMA) support for the first time in six months. The decline looks typical of a bull market correction, it could be extended further if prices find acceptance under the 50-day SMA. The 50-day SMA is one of the most widely-tracked averages along with the 100- and 200-day SMAs. As such, violation of these SMA supports often invites stronger chart-driven selling.

Theoretically, the concept of daily close does not apply to crypto markets, as it is functional 24/7, unlike stock markets, which are open only for limited hours during weekdays.

For now, we are looking for a rebound and an exit from the $54000-58000 price range to $61K zone. This will be the first test level for bull's strength. If they break out, it will be a good sign. The real strength nonetheless will emerge when they break 68,000 and close above it weekly, then $78/82/100K can be in range.

What if the bulls fail to reclaim $65K and close above $68K weekly?! We shall talk about this later.

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,

#TIME Partners with http://Crypto.com to Offer #Cryptocurrency as a Form of Payment. As a looming collapse of #Dogecoin. Thoughts on the market on 20.04.2021

#Bitcoin moved in the range of 57500-54200 during the day. An attempt to gain a foothold above 56K last night did not lead to success and Bitcoin turned to a decline. At the time of writing this review, it is trading around 54,800. Total Crypto Market capitalization is at $1.993Trillion and a BTC dominance index of 51.3%.

The stock market ended Monday trading lower on the back of negative dynamics from the consumer goods, technology and consumer services sectors. The Dow Jones fell 0.36%, the S&P 500 lost 0.53%, and the NASDAQ fell 0.98%. The volatility index is up 6.40% to 17.29, the dollar index is down 0.51% to 91.078

For #Bitcoin, the priority version of yesterday's forecast has worked out. After Sunday's price collapse below 51K, Bitcoin moved to growth and reached above 57500, after which a rollback went to the area of ​​54300-55700, where it is now.
Altcoins are following Bitcoin, market capitalization has dropped below $2trillion, dominance index is 51.3 and continues to fall.

So far, only #Dogecoin is holding and today it may continue to grow, many Doge holders expect the coin to reach 69 cents of a dollar. As a reminder, #Dogecoin is a meme coin. A meme is definition is an image, video, piece of text, cryptocurrency etc., typically humorous in nature, that is copied and spread rapidly by internet users, often with slight variations.

The outlook for today, expect #Bitcoin in the range 54000-57000. If we go below 54K, then again we can test 52 and even 51K, I don’t consider going below 50K yet. Major support level is 54000, followed by 52000, major resistance levels are $56000 and 57000.

Interestingly, The American TIME magazine began accepting cryptocurrency as a payment method for subscriptions. Announcing this via their official twitter handle: TIME Partners with http://Crypto.com to Offer Cryptocurrency as a Form of Payment. “Support #Journalism Become a #Time #Hodler '' Back on March 23, we mentioned about Time Magazine advertising for a CFO who has “comfort with Bitcoin and cryptocurrencies. post (https://t.me/decryptedge/390)

On other news Reshma Patel, a candidate for the post of Treasurer of New York, called for investing in cryptocurrencies. “New York City needs to think creatively about its post-pandemic recovery, says a candidate for city comptroller. This includes investments in the city’s blockchain industry. A Democratic candidate for the city’s chief financial officer position, unveiled a “future proof” plan for New York on Monday centered around investments in blockchain businesses and cryptocurrencies. There are 12 candidates for the office, including 10 other Democrats, according to Ballotpedia. As reported by coindesk.

Charles Hoskinson, CEO of IOHK company behind Cardano(ADA), questioned the prospects for Proof-of-Work, noting a sharp drop in the hashrate of the Bitcoin network in April and called for the abandonment of Proof-of-Work. He also predicted the collapse of #Dogecoin.

“People wake up! This situation is impossible in Proof-of-Stake. The Nakamoto consensus is the road to nowhere, ” Hoskinson said. Earlier, the head of IOHK marked the beginning of a "large flow of value" in Proof-of-Stake-based networks such as Ethereum 2.0, Polkadot and others. Cardano dropped Proof-of-Work after activating the Shelley update in July 2020. “The problem with Bitcoin is that because of its nature, it will never get better. The more successful it is, the higher the price; the higher the price, the more competition and more energy costs for the production of the first cryptocurrency , "Hoskinson explained then. Well I respect his views, but don't agree in my opinion.

Lastly on #Dogecoin, which many of you have been contacting us for advise if to buy or not. From April 15 to April 16, the coin temporarily entered the top 5 crypto assets in terms of capitalization. This was preceded by the support of Elon Musk , Mark Cuban and other celebrities. “In the industry, DOGE has always been seen as a joke. But thanks to Musk and the whales, the coin's price skyrocketed into the stratosphere, driving demand from new entrants. Let's be honest: this is a bubble. It will explode and deprive many retail investors of money , ”he explained.
There you have it. 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,

Cryptocurrency Giant Binance.US Hires Former Top Bank Regulator. Thoughts on the market on 21.04.2021.

#Bitcoin moved in the range of $53300-57100 during the day. Corrections below 54K were quickly bought back, now we are trying to gain a foothold above 56K. At the time of this writing, #Bitcoin is trading around $55,271.76. Total Crypto Market capitalization is at $2.057Trillion with a BTC dominance index of 50.7%.

The stock market ended Tuesday with a drop, the Dow Jones fell 0.75%, the S&P 500 fell 0.68%, and the NASDAQ fell 0.92%. The dollar index rose 0.16% to 91.200. Asian indices slipped.

The priority version of the forecast worked out on the crypto market, Bitcoin remained in the indicated range. There were several corrections below 54K, but they were quickly redeemed, after which Bitcoin went up. Altcoins are showing steady growth, capitalization has returned above $2 trillion, and the dominance index continues to fall.

Today expect continued growth of altcoins, Bitcoin in the range of 54000-57000.
Leaving below 54K is alternative.

Interestingly the social payment service #Venmo, owned by PayPal, is launching trading in the four major coins Bitcoin, Ether, Litceoin and Bitcoin Cash. Beginning on Tuesday and set to be widely available within the next few weeks, Venmo’s 70 million+ customers will be able to buy, hold and sell crypto directly within the Venmo app. The launch is offering users access to in-app guides to help them to better navigate the cryptocurrency trading space and will encourage them to share their cryptocurrency experiences via the Venmo feed. Source | cointelegraph.com Back on October 25th 2020 we spoke about it.. lest we forget. PayPal is the antithesis of #Satoshi's Vision. In 2010, PayPal Froze WikiLeaks accounts, stole their donations, and banned Julian Assange. They are a centralized platform, and using them is senseless because it defeats the entire purpose of #Bitcoin. https://t.me/decryptedge/38

Brian Brooks, acting head of the office of the Comptroller of Currency under Trump, will become CEO of Binance.US. Source (https://www.wsj.com/articles/cryptocurrency-giant-binance-hires-former-top-bank-regulator-11618912800). Last month we remember last month #Binance had an issue with CFTC over concerns it allowed US residents to trade derivatives. https://t.me/decryptedge/372 They hired former Senator Max Bockus as an advisor. Now a former top U.S. banking regulator is set to join Binance. Brian Brooks, an acting head of the Office of the Comptroller of the Currency under the Trump administration, will become the new chief executive of Binance.US, the U.S. affiliate of overseas crypto-exchange giant Binance Holdings Ltd.Quite a strategic move. Are we expecting a #Binance IPO sooner than expected?

Nasdaq on the other hand, yesterday launched options trading for Coinbase Global. This comes less than one week after the largest crypto exchange in the U.S. was listed, Nasdaq is set to start trading options for Coinbase Global. According to an April 19 Reuters report, a representative for Coinbase stated that the COIN.O options will start trading on Nasdaq on Tuesday, April 20. The launch of equity options will offer a new way for investors to bet on the fortunes of Coinbase. Equity options represent the right, but not the obligation, to buy or sell a stock at a certain price, known as the strike price, on or before an expiration date. Source | https://cointelegraph.com/

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,

All 46,694 Of Donald Trump's Tweets Auctioned As NFTs. Kazakstan Govt take a More Positive take on #Blockchain to attract international investors for #blockchain development. Thoughts on the market on 22.04.2021

#Bitcoin lost support yesterday at $55K price level, after which it went down, reaching a low of $ 52560 on Binance Exchange. This correction was gradually bought out and there was a small recovery. Bitcoin is currently trading at around $54,069.48. Total Crypto Market capitalization is at $1.987 billion with a #BTC dominance index of 50.4%

The stock market ended Wednesday trading with growth. The Dow Jones rose 0.93%, the S&P 500 rose 0.93%, and the NASDAQ rose 1.19%. Dollar and volatility indices are falling.

On the crypto market, an alternative analysis worked out with a departure below 54K, on Binance exchange reached a low of 52,560, after which it returned above 53K. Against the background of a #Bitcoin price fall, Ethereum is growing steadily, reaching above 2470 and I think this is not the limit, the dominance index fell to 50.4%, the capitalization again dropped below 2 trillion.

If today it is not possible to return above 55K, then we return to the range 55000-52000. I am not considering going below 50K yet.

Interestingly the famous American investor Bill Miller assures that bitcoin is not a bubble, much better than gold and that growth will continue. He said this in an interview with Kelly Evans, Host of “The Exchange” on CNBC. Cohost of “Power Lunch.” . Lest we forget we mentioned about him back in February, Bill Miller has been investing his personal capital in Bitcoin since 2014. https://t.me/decryptedge/283

All tweets from former US President Donald Trump were archived and put up for sale in the form of #NFT, the money from the sale of tokens will go to associations that Trump hated. Drumpfs are ERC721 non-fungible (unique) tokens on the Ethereum blockchain that are made up of “resurrected” Trump tweets and artwork generated by neural nets. Source | drumpfs.io. Twitter and Square CEO Jack Dorsey sold his first tweet ever for more than $2.9 million. A five-word message. This is Fifteen years after tweeting “just setting up my twttr,”

President of #Kazakhstan Kassym-Jomart Tokayev said that Kazakhstan will attract international investors for the development of the blockchain. Kassym-Jomart Tokayev met with the head of the local Association of Blockchain Technologies Islambek Salzhanov. During the meeting, the President said that the authorities are considering new technologies as a priority area for economic development. As reported on the website of the President of Kazakhstan , Salzhanov spoke about joint work with the government to create favorable conditions for attracting international companies and investors for the development of the blockchain. He also noted that "adjusting tax policy measures" for market participants will provide additional revenue to the budget.


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,