#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.
#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,
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,
#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,
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While #PayPal's big news to integrating bitcoin on the vast payment platform exposing #Bitcoin to +300millon people.. lest not forget. PayPal is the antithesis of #Satoshi's Vision
In 2010, PayPal Froze WikiLeaks accounts, stole their donations, and banned…
In 2010, PayPal Froze WikiLeaks accounts, stole their donations, and banned…
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,
#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,
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KryptoEdge
#Bitcoin spent the weekend in a range between 40900 and 37900. Last night the corrections to $37,350 were quickly brought back, its trading at the 38300-38400.price range. Total crypto market capitalization is at 1172 billion with a BTC dominance index of…
#Rothschild Investment Trust, acquires interest in the #Kraken #cryptocurrency exchange and #Cuban Govt Considers #Cryptocurrency in new economic development program Thoughts on the market on 23.04.2021.
#Bitcoin tried several times yesterday to gain a foothold above 55K, but did not succeed and moved to a decline. The main support level at 50K was lost, reaching a lows of $48,401.21 on the #Binance exchange. At the time of writing this review, Bitcoin is worth $49,850. Total Crypto Market capitalization is at $1.806 trillion with #BTC dominance index of 51.5%
The stock market ended with a fall on Thursday. The Dow Jones fell 0.94%, the S&P 500 fell 0.92%, and the NASDAQ lost 0.94%. The volatility index rose 6.91%, while the dollar index rose 0.16% to 91.275.
The fall in markets occurred against the backdrop of a statement by US President Joe Biden, about his intention not only to raise the maximum income tax rate from 37% to 39.6%, but also his readiness to raise the capital gains tax for those who earn more than $ 1 million a year. For a long-term investor, this is a tangible increase in costs and some rushed to close their positions before new initiatives took effect. Details of the plan are promised to be announced next week.
With bitcoin dropping more than 11% in the last 24 hrs and the #BTC market capitalization of 1 trillion lost, the dominance index has since moved below 49%, which is the lowest level since August 2018. A decrease in the market share of #bitcoin by less than 50% ideally means money is now moving to altcoins. See our thoughts on Market Cycles (https://t.me/decryptedge/291 ) Ethereum yesterday set a new all-time high and reached the level of 2645 on #Binance exchange. The capitalization of the asset exceeded 300 billion, and the daily trading volume reached 55 billion.
Today expect the Bitcoin price to recover to 53000-53500, but if we do not keep the levels at 50-48K, then a spillage of up to 45K is possible.
Interestingly, the Cuban government has included cryptocurrencies in the economic development program. This was reported via the Cuban presidency official website: https://www.presidencia.gob.cu/ Fronted by Mercedes López Acea, a member of the Political Bureau and the Secretariat, when addressing the Social Policy section, López Acea referred to the proposal for a new Guideline, aimed at "advancing the study of cryptocurrencies in the current conditions of the economy."
The RIT Capital Partners investment fund, owned by the Rothschilds has acquired an interest in the Kraken cryptocurrency exchange, according to a note to investors dated April 12. The note referred to a webinar in March that announced the investment but did not mention the size of the investment nor the amount paid. It also made reference to news that Kraken is considering going public through a direct listing in 2022. Neither Kraken nor RIT were immediately available for comment. RIT Capital is a U.K.-based investment trust founded by Lord Jacob Rothschild of the prominent Rothschild banking family. It has a market capitalization of £3.8 billion ($5.28 billion). Source Coindesk.
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. Images courtesy. #Decryptedge
#Bitcoin tried several times yesterday to gain a foothold above 55K, but did not succeed and moved to a decline. The main support level at 50K was lost, reaching a lows of $48,401.21 on the #Binance exchange. At the time of writing this review, Bitcoin is worth $49,850. Total Crypto Market capitalization is at $1.806 trillion with #BTC dominance index of 51.5%
The stock market ended with a fall on Thursday. The Dow Jones fell 0.94%, the S&P 500 fell 0.92%, and the NASDAQ lost 0.94%. The volatility index rose 6.91%, while the dollar index rose 0.16% to 91.275.
The fall in markets occurred against the backdrop of a statement by US President Joe Biden, about his intention not only to raise the maximum income tax rate from 37% to 39.6%, but also his readiness to raise the capital gains tax for those who earn more than $ 1 million a year. For a long-term investor, this is a tangible increase in costs and some rushed to close their positions before new initiatives took effect. Details of the plan are promised to be announced next week.
With bitcoin dropping more than 11% in the last 24 hrs and the #BTC market capitalization of 1 trillion lost, the dominance index has since moved below 49%, which is the lowest level since August 2018. A decrease in the market share of #bitcoin by less than 50% ideally means money is now moving to altcoins. See our thoughts on Market Cycles (https://t.me/decryptedge/291 ) Ethereum yesterday set a new all-time high and reached the level of 2645 on #Binance exchange. The capitalization of the asset exceeded 300 billion, and the daily trading volume reached 55 billion.
Today expect the Bitcoin price to recover to 53000-53500, but if we do not keep the levels at 50-48K, then a spillage of up to 45K is possible.
Interestingly, the Cuban government has included cryptocurrencies in the economic development program. This was reported via the Cuban presidency official website: https://www.presidencia.gob.cu/ Fronted by Mercedes López Acea, a member of the Political Bureau and the Secretariat, when addressing the Social Policy section, López Acea referred to the proposal for a new Guideline, aimed at "advancing the study of cryptocurrencies in the current conditions of the economy."
The RIT Capital Partners investment fund, owned by the Rothschilds has acquired an interest in the Kraken cryptocurrency exchange, according to a note to investors dated April 12. The note referred to a webinar in March that announced the investment but did not mention the size of the investment nor the amount paid. It also made reference to news that Kraken is considering going public through a direct listing in 2022. Neither Kraken nor RIT were immediately available for comment. RIT Capital is a U.K.-based investment trust founded by Lord Jacob Rothschild of the prominent Rothschild banking family. It has a market capitalization of £3.8 billion ($5.28 billion). Source Coindesk.
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. Images courtesy. #Decryptedge
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We talked about market cycles when in early January we discussed whether there will be an alt season, it was really a matter of when. It is inevitable, because the standard market cycle assumes that after the growth of Bitcoin, altcoins also grow. TOP tier…
Now Who Will You Listen To? Nassim Taleb
Or Tim Draper. Thoughts on the market on 24.04.2021.
#Bitcoin updated lows of $47500 on #Binance exchange. This correction was quickly redeemed and has now briefly recovered to $50K + level. As of the time of this writing, the main cryptocurrency is trading around 50300K. Total Crypto Market capitalization is at $1.866 trillion, with BTC dominance index 50.4%. That is a $913 Billion market cap level which was attained back on 8th February.
The stock market ended Friday trading with growth. The Dow Jones climbed 0.67%, the S&P 500 rose 1.09%, and the NASDAQ rose 1.44%. The Volatility Index, which is based on the performance of S&P 500 options trading, fell 7.38% to 17.33, while the dollar index was down 0.57% to 90.800.
The Bitcoin alternative scenario from our analysis worked out with correction to $47500. Markets fell yesterday amid a statement by US President Joe Biden about his intention to raise the maximum income tax rate, as well as the closure of the largest Turkish cryptocurrency exchange Thodex with 2 billion in wallets.
For the weekend, the priority option - Bitcoin remains in the range of 48000-51000. If we go below 48K, then a correction up to 45K is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Interestingly, the renowned Economist and Black Swan author Nassim Taleb advises staying away from Bitcoin without citing inflation or the economy. Taleb is a Lebanese-American scholar, mathematical statistician, former options trader, and risk analyst. He was asked about cryptocurrency, particularly bitcoin, given that investors have been increasingly restructuring their portfolios with this asset class. Regarding bitcoin, “It has the characteristics of an open Ponzi scheme. Everyone knows it’s a Ponzi,” he claims, adding: Basically, there is no connection between inflation and bitcoin. None. You can have hyperinflation and bitcoin goes to zero. There is no link between them. Source | news.bitcoin.com Same guy bought and profited from this same “Ponzi” last year. (https://t.me/decryptedge/305)
On the contrary Venture capitalist Tim Draper argues that Bitcoin contributes to the global economy. Cuban Govt is already on it(https://t.me/decryptedge/462). Tim Draper while speaking at the Collision web summit on Thursday, Draper said Bitcoin (BTC) could incentivize governments around the world to compete for the attention and devotion — and seemingly, money — of its citizens. According to the venture capitalist, crypto levels the playing field, so lawmakers will have to choose if they want to make people’s lives better, otherwise they will simply move to somewhere that will. “People are already realizing that they would rather have Bitcoin than fiat currency,” said Draper. “Bitcoin facilitates [a global economy] from the economic standpoint because it is a global currency — it doesn’t care where the borders are. It isn’t tied to one nationality or another.” Source | Cointelegraph.
Remember these are the current support levels we are now looking at: between 55K / 40K. $50500, $47500, $43500 and $41500.
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,
Or Tim Draper. Thoughts on the market on 24.04.2021.
#Bitcoin updated lows of $47500 on #Binance exchange. This correction was quickly redeemed and has now briefly recovered to $50K + level. As of the time of this writing, the main cryptocurrency is trading around 50300K. Total Crypto Market capitalization is at $1.866 trillion, with BTC dominance index 50.4%. That is a $913 Billion market cap level which was attained back on 8th February.
The stock market ended Friday trading with growth. The Dow Jones climbed 0.67%, the S&P 500 rose 1.09%, and the NASDAQ rose 1.44%. The Volatility Index, which is based on the performance of S&P 500 options trading, fell 7.38% to 17.33, while the dollar index was down 0.57% to 90.800.
The Bitcoin alternative scenario from our analysis worked out with correction to $47500. Markets fell yesterday amid a statement by US President Joe Biden about his intention to raise the maximum income tax rate, as well as the closure of the largest Turkish cryptocurrency exchange Thodex with 2 billion in wallets.
For the weekend, the priority option - Bitcoin remains in the range of 48000-51000. If we go below 48K, then a correction up to 45K is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Interestingly, the renowned Economist and Black Swan author Nassim Taleb advises staying away from Bitcoin without citing inflation or the economy. Taleb is a Lebanese-American scholar, mathematical statistician, former options trader, and risk analyst. He was asked about cryptocurrency, particularly bitcoin, given that investors have been increasingly restructuring their portfolios with this asset class. Regarding bitcoin, “It has the characteristics of an open Ponzi scheme. Everyone knows it’s a Ponzi,” he claims, adding: Basically, there is no connection between inflation and bitcoin. None. You can have hyperinflation and bitcoin goes to zero. There is no link between them. Source | news.bitcoin.com Same guy bought and profited from this same “Ponzi” last year. (https://t.me/decryptedge/305)
On the contrary Venture capitalist Tim Draper argues that Bitcoin contributes to the global economy. Cuban Govt is already on it(https://t.me/decryptedge/462). Tim Draper while speaking at the Collision web summit on Thursday, Draper said Bitcoin (BTC) could incentivize governments around the world to compete for the attention and devotion — and seemingly, money — of its citizens. According to the venture capitalist, crypto levels the playing field, so lawmakers will have to choose if they want to make people’s lives better, otherwise they will simply move to somewhere that will. “People are already realizing that they would rather have Bitcoin than fiat currency,” said Draper. “Bitcoin facilitates [a global economy] from the economic standpoint because it is a global currency — it doesn’t care where the borders are. It isn’t tied to one nationality or another.” Source | Cointelegraph.
Remember these are the current support levels we are now looking at: between 55K / 40K. $50500, $47500, $43500 and $41500.
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,
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#Bitcoin spent the weekend in the 46600-49500 range. A new ATH was set above 49800. A few hours ago there was an attempt to go below 46K, which was quickly redeemed, the price has since returned to 47100-47200, where it is currently being traded. Total Crypto…
Good morning...
#Blockchain technology started with Crypto just like Internet started with email. As it is growing and being developed, We now have Decentralized Finance (DeFi) then to Arts and collectables with non-fungible tokens (NFTs).
Eliud Kipchoge just sold his NFT collection for Ksh4M. It has digital representations of his career milestone on the #Ethereum #blockchain, digitally signed and officially approved by him.
Next now we have *Real Estate.* entering the space.
Join this webinar today evening at 8pm to learn from the experts.. *Blockchain meets Realestate.*
#Blockchain technology started with Crypto just like Internet started with email. As it is growing and being developed, We now have Decentralized Finance (DeFi) then to Arts and collectables with non-fungible tokens (NFTs).
Eliud Kipchoge just sold his NFT collection for Ksh4M. It has digital representations of his career milestone on the #Ethereum #blockchain, digitally signed and officially approved by him.
Next now we have *Real Estate.* entering the space.
Join this webinar today evening at 8pm to learn from the experts.. *Blockchain meets Realestate.*
*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.
Topic: *REALSMART- BLOCKCHAIN AND REAL ESTATE*
Time: *Apr 26, 2021 08:00 PM Nairobi*
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Meeting ID: 868 7246 5214
Passcode: 121063
Topic: *REALSMART- BLOCKCHAIN AND REAL ESTATE*
Time: *Apr 26, 2021 08:00 PM Nairobi*
Join Zoom Meeting
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The world of #computer #security in mourning the death of Dan Kaminsky. As Turkey Changes Tune on #Crypto Ban. Thoughts on the market on 26.04.2021
#Bitcoin updated its lows again at $46930 on #Binance exchange. This correction was quickly redeemed and bitcoin started to grow. At the time of writing this review, #Bitcoin is trading at around 52300. Total Crypto Market capitalization of $1.941 billion and BTC dominance index of 50.4%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, oil and gold are growing, Asian indices are trading in different directions.
Bitcoin worked out the priority version of the Saturday analysis and moved in the specified range over the weekend. Drain to 47K (46930 on #Binance) was quickly redeemed and Bitcoin moved to growth, now trying to gain a foothold above 52K.
I did warn several times that the weekend market may move by a couple of thousand points in any direction. If today we can gain a foothold above 53200-53500, then a movement to 55-57K is likely, if we go below 51K, we will return to the previous trading range of 48-51.
Interestingly after the ban Turkey promises to present cryptocurrency regulation rules within two weeks. The governor of Turkey’s central bank said Friday that the finance ministry plans to announce wide-reaching cryptocurrency regulations within two weeks. He ruled out any possibility of an outright ban. In the sharp turn of tune, the governor said “You can’t resolve anything simply by banning crypto, and we have no intention of doing so,” governor Şahap Kavacıoğlu said on the state-run TRT channel.While Kavacıoğlu did not specify what the forthcoming regulation would entail, he hinted that it would clarify the legal definition of “crypto”, and govern how institutions should store crypto. Source | decrypt.co
One of the first Bitcoin code reviewers, Renowned American cybersecurity and cybersecurity researcher Dan Kaminski has died, aged 42. This was announced by white hacker and DEF CON conference organizer Mark Rogers. In 2011, Kaminski, already widely known for discovering a critical vulnerability in the DNS protocol, decided to hack #Bitcoin. The expert developed nine approaches and attacks against the #Bitcoin protocol, but none of them worked. “I've never seen anything like it. He is a world class programmer with deep knowledge of C ++. He understands economics, cryptography and peer-to-peer networks. Either it's a whole team, or this guy is a genius, ”Kaminski concluded. On a personal level I convey my heartfelt condolences. I have interacted with him on twitter a couple of times.
This evening at 8PM EAT we have a special session on #Blockchain meets #Realestate. The link is already up there..
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,
#Bitcoin updated its lows again at $46930 on #Binance exchange. This correction was quickly redeemed and bitcoin started to grow. At the time of writing this review, #Bitcoin is trading at around 52300. Total Crypto Market capitalization of $1.941 billion and BTC dominance index of 50.4%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, oil and gold are growing, Asian indices are trading in different directions.
Bitcoin worked out the priority version of the Saturday analysis and moved in the specified range over the weekend. Drain to 47K (46930 on #Binance) was quickly redeemed and Bitcoin moved to growth, now trying to gain a foothold above 52K.
I did warn several times that the weekend market may move by a couple of thousand points in any direction. If today we can gain a foothold above 53200-53500, then a movement to 55-57K is likely, if we go below 51K, we will return to the previous trading range of 48-51.
Interestingly after the ban Turkey promises to present cryptocurrency regulation rules within two weeks. The governor of Turkey’s central bank said Friday that the finance ministry plans to announce wide-reaching cryptocurrency regulations within two weeks. He ruled out any possibility of an outright ban. In the sharp turn of tune, the governor said “You can’t resolve anything simply by banning crypto, and we have no intention of doing so,” governor Şahap Kavacıoğlu said on the state-run TRT channel.While Kavacıoğlu did not specify what the forthcoming regulation would entail, he hinted that it would clarify the legal definition of “crypto”, and govern how institutions should store crypto. Source | decrypt.co
One of the first Bitcoin code reviewers, Renowned American cybersecurity and cybersecurity researcher Dan Kaminski has died, aged 42. This was announced by white hacker and DEF CON conference organizer Mark Rogers. In 2011, Kaminski, already widely known for discovering a critical vulnerability in the DNS protocol, decided to hack #Bitcoin. The expert developed nine approaches and attacks against the #Bitcoin protocol, but none of them worked. “I've never seen anything like it. He is a world class programmer with deep knowledge of C ++. He understands economics, cryptography and peer-to-peer networks. Either it's a whole team, or this guy is a genius, ”Kaminski concluded. On a personal level I convey my heartfelt condolences. I have interacted with him on twitter a couple of times.
This evening at 8PM EAT we have a special session on #Blockchain meets #Realestate. The link is already up there..
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,
https://us02web.zoom.us/j/86872465214?pwd=aGJyNytHR2FQbFR4RGlDTWhsL05oUT09
or: Meeting ID: 868 7246 5214
Passcode: 121063
or: Meeting ID: 868 7246 5214
Passcode: 121063
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