EBAY & PAYPAL Throwing in More Weight on Crypto. Thoughts on the market on 04.05.2021
Yesterday Bitcoin topped $58981 on Binance several times, but could not break through the resistance and began to decline. Support at 56K was lost and price retraced to 54580 a few hours ago. At the time of writing this review, Bitcoin is worth 56205. Total Crypto Market capitalization is at 2.223 Trillion dollars with BTC dominance index of 46.8%
The stock market finished trading on Monday in different directions. The Dow Jones climbed 0.70%, the S&P 500 climbed 0.27%, and the NASDAQ dropped 0.48%. Oil and gold rose. The dollar index dropped by 0.34% to 90.963.
On the cryptomarket, an alternative scenario of yesterday's analysis worked out with a drop below 56K. Moreover, the plan was over fulfilled and Bitcoin reached lows of 54580 on Binance. It is now trying to gain a foothold above 56500.
Altcoins in the fall below 55K held quite confidently - the dominance index is at 46.8% and continues to fall. Etherum has shown strength again, setting a new all-time high at 3454 on Binance. I think this week we will have more surprises.
If today we cannot break through the resistance at 56200, then another correction to 55K and below is possible, but I see a priority option to return to 58K. Major support levels are 55,000 - 54,500 and resistances are 56,200 - 57,000.
Interestingly PayPal is in talks to launch its own stablecoin. PayPal is exploring the launch of a stablecoin, From the news website: The Block reported. Four sources with knowledge of the situation told The Block that PayPal has made the rounds among some of the industry’s stablecoin protocol developers. PayPal announced that it would enable crypto buys and sells on its platform through a partnership with industry startup Paxos. PayPal has moved to widen the scope of its crypto offerings since then. Back on March 8, PayPal announced that it had completed the acquisition of crypto security firm and multi-party computation (MPC) start-up Curv. Paypal made big announcements on 22nd October 2020(https://t.me/decryptedge/35). If PayPal did move forward with such a project, it would represent a significant escalation of its work in the crypto space. Stablecoins are digital assets that represent fiat or government-backed currencies, using a blockchain network as a payment rail. There is more than $80 billion in stablecoins circulating in the market today, according to data collected by The Block.
(EBAY.O) is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the company said on Monday. A growing number of companies have begun to accept virtual currencies as a form of payment, taking an asset class that had been shunned by major financial institutions a few years ago, a step closer to becoming mainstream.
Lastly Turkey has tightened the requirements for the verification of users of bitcoin exchanges. Exchanges will be required to ask users for documents proving their identity and place of residence, as well as periodically check their relevance as reported by a source.
As always have a blessed week ahead, must always do your own research. This is not investment or financial advice. #decryptedge
Yesterday Bitcoin topped $58981 on Binance several times, but could not break through the resistance and began to decline. Support at 56K was lost and price retraced to 54580 a few hours ago. At the time of writing this review, Bitcoin is worth 56205. Total Crypto Market capitalization is at 2.223 Trillion dollars with BTC dominance index of 46.8%
The stock market finished trading on Monday in different directions. The Dow Jones climbed 0.70%, the S&P 500 climbed 0.27%, and the NASDAQ dropped 0.48%. Oil and gold rose. The dollar index dropped by 0.34% to 90.963.
On the cryptomarket, an alternative scenario of yesterday's analysis worked out with a drop below 56K. Moreover, the plan was over fulfilled and Bitcoin reached lows of 54580 on Binance. It is now trying to gain a foothold above 56500.
Altcoins in the fall below 55K held quite confidently - the dominance index is at 46.8% and continues to fall. Etherum has shown strength again, setting a new all-time high at 3454 on Binance. I think this week we will have more surprises.
If today we cannot break through the resistance at 56200, then another correction to 55K and below is possible, but I see a priority option to return to 58K. Major support levels are 55,000 - 54,500 and resistances are 56,200 - 57,000.
Interestingly PayPal is in talks to launch its own stablecoin. PayPal is exploring the launch of a stablecoin, From the news website: The Block reported. Four sources with knowledge of the situation told The Block that PayPal has made the rounds among some of the industry’s stablecoin protocol developers. PayPal announced that it would enable crypto buys and sells on its platform through a partnership with industry startup Paxos. PayPal has moved to widen the scope of its crypto offerings since then. Back on March 8, PayPal announced that it had completed the acquisition of crypto security firm and multi-party computation (MPC) start-up Curv. Paypal made big announcements on 22nd October 2020(https://t.me/decryptedge/35). If PayPal did move forward with such a project, it would represent a significant escalation of its work in the crypto space. Stablecoins are digital assets that represent fiat or government-backed currencies, using a blockchain network as a payment rail. There is more than $80 billion in stablecoins circulating in the market today, according to data collected by The Block.
(EBAY.O) is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the company said on Monday. A growing number of companies have begun to accept virtual currencies as a form of payment, taking an asset class that had been shunned by major financial institutions a few years ago, a step closer to becoming mainstream.
Lastly Turkey has tightened the requirements for the verification of users of bitcoin exchanges. Exchanges will be required to ask users for documents proving their identity and place of residence, as well as periodically check their relevance as reported by a source.
As always have a blessed week ahead, must always do your own research. This is not investment or financial advice. #decryptedge
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#decryptedge Thoughts on the market on 22.10.2020: #PayPal Embraces #Crypto, Igniting Market as Mainstream Adoption Inches Closer. ⚠️
#Bitcoin exceeded expectations from yesterday's review, not only consolidated above 12K, but also updated annual highs above…
#Bitcoin exceeded expectations from yesterday's review, not only consolidated above 12K, but also updated annual highs above…
Ethereum Co-Founder Vitalik Buterin is Now a Billionaire, Holding Over 333,520 ETHThoughts on the market on 05.05.2021
Bitcoin fell below 53K in the last 24hrs, reaching local lows of $52900 on Binance exchange. At the time of this writing, Bitcoin is trading at 54,820. Total Crypto Market capitalization is at 2. 250 Trillion dollars and BTC dominance index of 45.6%.
The stock market finished trading on Tuesday in different directions. The Dow Jones rose 0.06%, the S&P 500 fell 0.69%, and the NASDAQ fell 1.88%. The volatility index rose 6.39% to 19.48, while the dollar index rose 0.38% to 91.270.
An alternative scenario of yesterday's analysis worked out on the crypto market. Bitcoin was unable to overcome the resistance at 56K and moved to a decline to a low of 52,900 on Binance exchange. Bitcoin later moved to growth and is trying to return above 55K, but so far this has not led to success.
Etherum set a new all-time high above 3500 (3527 according to Binance), making its founder Vitalik Buterin a $$billionaire. Ethereum Classic and Litecoin also performed very well in the fall of Bitcoin, and Dogecoin entered the top 4 on coinmarketcap and is already approaching BNB. I think the story with Dogecoin will end soon and some, if not many will suffer.
For today, if Bitcoin cannot overcome the resistance level at 55500, then we can go back to 53K and if we will not hold this level again, then we will go even lower into the support zone at 52K. For growth, we need to gain a foothold above 56K and then it will be possible to talk about a movement to 58K and above.
Interestingly, 40% intend to use cryptocurrency for payments next year as per a Mastercard survey. While New York, propose to ban the mining of cryptocurrencies for 3 years due to environmental problems. An unfounded claim if you ask me.
S&P Dow Jones Indices, a division of US financial data provider S&P Global, has launched indices based on Bitcoin, Ethereum.
Lastly the oldest auction house Sotheby's, will put up for auction the work of Banksy "Love is in the air" bids will be accepted in dollars, Bitcoin and Etherum.
If you have any questions or suggestions we are glad to hear your feedback.
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
Bitcoin fell below 53K in the last 24hrs, reaching local lows of $52900 on Binance exchange. At the time of this writing, Bitcoin is trading at 54,820. Total Crypto Market capitalization is at 2. 250 Trillion dollars and BTC dominance index of 45.6%.
The stock market finished trading on Tuesday in different directions. The Dow Jones rose 0.06%, the S&P 500 fell 0.69%, and the NASDAQ fell 1.88%. The volatility index rose 6.39% to 19.48, while the dollar index rose 0.38% to 91.270.
An alternative scenario of yesterday's analysis worked out on the crypto market. Bitcoin was unable to overcome the resistance at 56K and moved to a decline to a low of 52,900 on Binance exchange. Bitcoin later moved to growth and is trying to return above 55K, but so far this has not led to success.
Etherum set a new all-time high above 3500 (3527 according to Binance), making its founder Vitalik Buterin a $$billionaire. Ethereum Classic and Litecoin also performed very well in the fall of Bitcoin, and Dogecoin entered the top 4 on coinmarketcap and is already approaching BNB. I think the story with Dogecoin will end soon and some, if not many will suffer.
For today, if Bitcoin cannot overcome the resistance level at 55500, then we can go back to 53K and if we will not hold this level again, then we will go even lower into the support zone at 52K. For growth, we need to gain a foothold above 56K and then it will be possible to talk about a movement to 58K and above.
Interestingly, 40% intend to use cryptocurrency for payments next year as per a Mastercard survey. While New York, propose to ban the mining of cryptocurrencies for 3 years due to environmental problems. An unfounded claim if you ask me.
S&P Dow Jones Indices, a division of US financial data provider S&P Global, has launched indices based on Bitcoin, Ethereum.
Lastly the oldest auction house Sotheby's, will put up for auction the work of Banksy "Love is in the air" bids will be accepted in dollars, Bitcoin and Etherum.
If you have any questions or suggestions we are glad to hear your feedback.
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
Former U.S. Treasurer Joins Ripple's Board of Directors., as TikToker’s ‘SCAM’ Cryptocurrency Took Off and He Can’t Believe It. Thoughts on the market on 06.05.2021
A Tiktoker by the name Andre Lewis, jokingly created a cryptocurrency called SCAM. Within an hour, its capitalization soared to $ 70 million. Quoted on his tiktok feed.. “ "I made this as a joke, no one told you to buy this shit, it's called SCAM you stupid ****." Dre said in an interview that he created SCAM to poke fun at other “shitcoins” or cryptocurrencies that are clearly pump-and-dump schemes, but at the same time make some money for people willing to put money behind it without any lofty talk to convince people anything more noble is going on. In doing so, SCAM is speedrunning the path of many cryptocurrencies: It hit a $70 million market cap (the snapshot current value of all tokens in circulation) almost immediately after launching, then slumped to $7 million, then $5 million, and now sits at $2.5 million. Source | .vice.com. Oh don't call us asking on Dogecoin!
Onto serious matters now.. Bitcoin continued its growth in the last 24hrs, registering a high of $58069 on Binance. It couldn't gain a foothold above 58K and Bitcoin went down. At the time of this writing, the main cryptocurrency is trading around 57,050. Total Crypto Market capitalization is at $2.368 Trillion and a BTC dominance index of 44.9%
The stock market closed trading on Wednesday in different directions. The Dow Jones rose 0.29%, hitting an all-time high, the S&P 500 climbed 0.07%, and the NASDAQ dropped 0.37%. The volatility index rose 4.59% to 19.15, while the dollar index rose 0.37% to 91.267.
The priority version of yesterday's analysis worked out. Bitcoin was able to gain a foothold above 56K and even went above 58K (58069 Binance). After that, the main cryptocurrency went down and now the price is trying to gain a foothold above 57K.
Bitcoin began to rise on the news that in a few months clients of hundreds of American banks will be able to buy, sell and store Bitcoin in their accounts. This means that millions of ordinary Americans will be able to easily buy cryptocurrency, thereby increasing the demand and price for it. I think that such news will appear more and more often, there are very few of those left who do not want to grab their piece of the pie.
Altcoins are doing great, the dominance index is 44.9% and continues to fall. Ethereum put the new ATH at $3550, our thoughts for Ether at 5K in the near future remains the same. Today, expect the continuation of the altseason and the renewal of highs. But, if we cannot break through the resistance at 57500 - 58000, then we can again go to 56-55K for refueling. If we can gain a foothold above 58K, then we will soon go to 60K. The priority is the option with fixing above 58K.
Interestingly former US Treasurer Rosa Humataotao Rios joins Ripple's board of directors. Ripple (XRP) has been in the threatening situation of being sued by the U.S. Securities and Exchange Commission (SEC) for damages of more than $1 billion for a good four months now. Rosa Gumataotao Rios, a woman who became known to the general public as the treasurer (U.S. treasurer) of Barack Obama’s presidency from 2009 to 2016, is moving onto Ripple’s board. In a press release, Ripple emphasizes that Rios has proven in the position to balance innovation and public administration. As ubiquitous as it might be, the job of a treasurer is rather ceremonial compared to the U.S. secretary of the treasury—who is actually responsible for shaping the country's monetary and economic policy. It’s certainly too early to give the all-clear for XRP. FYI: While her name is mostly unknown to the average Joe, look closely dollar banknotes and you will definitely recognize it. During Rios' tenure as America's 43rd treasurer, which lasted from 2009 to 2016, billions of greenbacks were printed with her signature.
With that, wishing you a great day ahead, remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
A Tiktoker by the name Andre Lewis, jokingly created a cryptocurrency called SCAM. Within an hour, its capitalization soared to $ 70 million. Quoted on his tiktok feed.. “ "I made this as a joke, no one told you to buy this shit, it's called SCAM you stupid ****." Dre said in an interview that he created SCAM to poke fun at other “shitcoins” or cryptocurrencies that are clearly pump-and-dump schemes, but at the same time make some money for people willing to put money behind it without any lofty talk to convince people anything more noble is going on. In doing so, SCAM is speedrunning the path of many cryptocurrencies: It hit a $70 million market cap (the snapshot current value of all tokens in circulation) almost immediately after launching, then slumped to $7 million, then $5 million, and now sits at $2.5 million. Source | .vice.com. Oh don't call us asking on Dogecoin!
Onto serious matters now.. Bitcoin continued its growth in the last 24hrs, registering a high of $58069 on Binance. It couldn't gain a foothold above 58K and Bitcoin went down. At the time of this writing, the main cryptocurrency is trading around 57,050. Total Crypto Market capitalization is at $2.368 Trillion and a BTC dominance index of 44.9%
The stock market closed trading on Wednesday in different directions. The Dow Jones rose 0.29%, hitting an all-time high, the S&P 500 climbed 0.07%, and the NASDAQ dropped 0.37%. The volatility index rose 4.59% to 19.15, while the dollar index rose 0.37% to 91.267.
The priority version of yesterday's analysis worked out. Bitcoin was able to gain a foothold above 56K and even went above 58K (58069 Binance). After that, the main cryptocurrency went down and now the price is trying to gain a foothold above 57K.
Bitcoin began to rise on the news that in a few months clients of hundreds of American banks will be able to buy, sell and store Bitcoin in their accounts. This means that millions of ordinary Americans will be able to easily buy cryptocurrency, thereby increasing the demand and price for it. I think that such news will appear more and more often, there are very few of those left who do not want to grab their piece of the pie.
Altcoins are doing great, the dominance index is 44.9% and continues to fall. Ethereum put the new ATH at $3550, our thoughts for Ether at 5K in the near future remains the same. Today, expect the continuation of the altseason and the renewal of highs. But, if we cannot break through the resistance at 57500 - 58000, then we can again go to 56-55K for refueling. If we can gain a foothold above 58K, then we will soon go to 60K. The priority is the option with fixing above 58K.
Interestingly former US Treasurer Rosa Humataotao Rios joins Ripple's board of directors. Ripple (XRP) has been in the threatening situation of being sued by the U.S. Securities and Exchange Commission (SEC) for damages of more than $1 billion for a good four months now. Rosa Gumataotao Rios, a woman who became known to the general public as the treasurer (U.S. treasurer) of Barack Obama’s presidency from 2009 to 2016, is moving onto Ripple’s board. In a press release, Ripple emphasizes that Rios has proven in the position to balance innovation and public administration. As ubiquitous as it might be, the job of a treasurer is rather ceremonial compared to the U.S. secretary of the treasury—who is actually responsible for shaping the country's monetary and economic policy. It’s certainly too early to give the all-clear for XRP. FYI: While her name is mostly unknown to the average Joe, look closely dollar banknotes and you will definitely recognize it. During Rios' tenure as America's 43rd treasurer, which lasted from 2009 to 2016, billions of greenbacks were printed with her signature.
With that, wishing you a great day ahead, remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
Binance, the world’s leading cryptocurrency exchange, is proud to bring you our latest webinar for the Kenyan market.
This 2- Day Masterclass by Binance Kenya is open to all crypto & non crypto enthusiasts to learn more about trading Bitcoin and other digital currencies and also all the opportunities that Binance Exchange has for all Binancians in Kenya.
You will learn how to:
Acquire skills you can use to make an alternative source of income - especially amidst economic downturn caused by COVID (COVID proof source of income)
Discover ways to earn a living from Cryptocurrency, without needing to know about trading the markets
Social and financial empowerment element -
Binance giving entrepreneurs the tools and resources to economically empower themselves and earn an income.
Date: May 8th & 9th, 2021
Time: 7pm - 9pm EAT
Venue: ZOOM & Youtube Stream
Reserve your spot here
https://www.eventbrite.com/e/binance-kenya-opportunities-in-bitcoin-binance-exchange-tickets-153504643521
This 2- Day Masterclass by Binance Kenya is open to all crypto & non crypto enthusiasts to learn more about trading Bitcoin and other digital currencies and also all the opportunities that Binance Exchange has for all Binancians in Kenya.
You will learn how to:
Acquire skills you can use to make an alternative source of income - especially amidst economic downturn caused by COVID (COVID proof source of income)
Discover ways to earn a living from Cryptocurrency, without needing to know about trading the markets
Social and financial empowerment element -
Binance giving entrepreneurs the tools and resources to economically empower themselves and earn an income.
Date: May 8th & 9th, 2021
Time: 7pm - 9pm EAT
Venue: ZOOM & Youtube Stream
Reserve your spot here
https://www.eventbrite.com/e/binance-kenya-opportunities-in-bitcoin-binance-exchange-tickets-153504643521
Metromile Will Embrace Bitcoin For Insurance Premium And Claim Payments, as Coinbase Shares Plunges to All-Time Low. Thoughts on the market as of 07. 05. 2021
Yesterday, Bitcoin tried several times to gain a foothold above 58K but did not succeed and began to decline to a low of 55200 on the Binance exchange. At the time of writing this review, Bitcoin is worth 55800. With a total Crypto Market capitalization of $2.339 Trillion, and BTC dominance index of 44.6%.
The stock market ended Thursday trading with growth. The Dow Jones rallied 0.93%, hitting an all-time high, the S&P 500 rose 0.82%, and the NASDAQ rose 0.37%. The volatility index fell 3.97% to 18.39. Gold and silver are on the rise. The dollar index dropped 0.43% to 90.903.
For Bitcoin, an alternative version of yesterday's review worked out. There were several attempts to gain a foothold above 58K, but failed. Resistance at this level turned out to be strong and the price returned below 56K where it is currently trading.
If Bitcoin fails to break through the resistance at 56000-56500, we will continue to decline. The main support level of 55K and a move below this price may open the way to 52500. But in the medium term, I expect continued growth.
Interestingly the chairman of US Securities and Exchange Commission hints at stricter oversight of the regulation of US crypto exchanges. Gary Gensler punted to congress on providing more regulatory oversight to the crypto space, but also said the commission would act within its purview. He went on further to say “That could instill great confidence(regulatory framework). Right now, there's not a market regulator around these crypto exchanges, and thus there's really not protection against fraud or manipulation.” Source : Cointelegraph.
In my view, I don’t like the term manipulation. It is really people who know what they are doing better than you do.
Coinbase shares are falling to an all-time low despite the crypto market hitting new highs. The shares slumped 6% to $256.76 on Thursday, dropping for a fourth straight day. That left the shares just above the $250 reference price for its April direct listing. Coinbase’s slide comes as investors pour into extremely speculative cryptocurrencies such as Dogecoin and Binance Coin -- tokens that the exchange doesn’t offer. Source | Yahoo Finance.
Lastly, Metromile, one of the largest auto insurance companies in the USA, is the first in the world to start paying insurance in Bitcoin. As reported by forbes, Metromile says it will buy $10 million of Bitcoin in the second quarter of this year to pave the way for cryptocurrency transactions. In a news release, the company says it “believes allowing cryptocurrency payments will support its commitment to fairer insurance and promote financial resilience for policyholders as cryptocurrency becomes mainstream and a more significant portion of consumers’ assets.” Back on December 17th 2020, https://t.me/decryptedge/129 #Insurance Giant MassMutual bought $100 Million of #Bitcoin & Italian Insurance Giant Generali you can guess how much up they are now. 151.807% to be precise.
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.
Yesterday, Bitcoin tried several times to gain a foothold above 58K but did not succeed and began to decline to a low of 55200 on the Binance exchange. At the time of writing this review, Bitcoin is worth 55800. With a total Crypto Market capitalization of $2.339 Trillion, and BTC dominance index of 44.6%.
The stock market ended Thursday trading with growth. The Dow Jones rallied 0.93%, hitting an all-time high, the S&P 500 rose 0.82%, and the NASDAQ rose 0.37%. The volatility index fell 3.97% to 18.39. Gold and silver are on the rise. The dollar index dropped 0.43% to 90.903.
For Bitcoin, an alternative version of yesterday's review worked out. There were several attempts to gain a foothold above 58K, but failed. Resistance at this level turned out to be strong and the price returned below 56K where it is currently trading.
If Bitcoin fails to break through the resistance at 56000-56500, we will continue to decline. The main support level of 55K and a move below this price may open the way to 52500. But in the medium term, I expect continued growth.
Interestingly the chairman of US Securities and Exchange Commission hints at stricter oversight of the regulation of US crypto exchanges. Gary Gensler punted to congress on providing more regulatory oversight to the crypto space, but also said the commission would act within its purview. He went on further to say “That could instill great confidence(regulatory framework). Right now, there's not a market regulator around these crypto exchanges, and thus there's really not protection against fraud or manipulation.” Source : Cointelegraph.
In my view, I don’t like the term manipulation. It is really people who know what they are doing better than you do.
Coinbase shares are falling to an all-time low despite the crypto market hitting new highs. The shares slumped 6% to $256.76 on Thursday, dropping for a fourth straight day. That left the shares just above the $250 reference price for its April direct listing. Coinbase’s slide comes as investors pour into extremely speculative cryptocurrencies such as Dogecoin and Binance Coin -- tokens that the exchange doesn’t offer. Source | Yahoo Finance.
Lastly, Metromile, one of the largest auto insurance companies in the USA, is the first in the world to start paying insurance in Bitcoin. As reported by forbes, Metromile says it will buy $10 million of Bitcoin in the second quarter of this year to pave the way for cryptocurrency transactions. In a news release, the company says it “believes allowing cryptocurrency payments will support its commitment to fairer insurance and promote financial resilience for policyholders as cryptocurrency becomes mainstream and a more significant portion of consumers’ assets.” Back on December 17th 2020, https://t.me/decryptedge/129 #Insurance Giant MassMutual bought $100 Million of #Bitcoin & Italian Insurance Giant Generali you can guess how much up they are now. 151.807% to be precise.
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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Thoughts on the market as of 17.12.2020: #Insurance Giant MassMutual Buys $100 Million of #Bitcoin & Italian Insurance Giant Generali as #Bitcoin Breaks all time Highs.
As expected, #Bitcoin went up from the trading range and updated ATH, reaching values…
As expected, #Bitcoin went up from the trading range and updated ATH, reaching values…
Good morning as i wish you a great awesome weekend ... join us and learn,
*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.
Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *May 8, 2021 09:55 AM Nairobi*
BITCOIN101* - Let's learn about...
*- _The Do's and Don'ts of Crypto Trading_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session.*
Join Zoom Meeting
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Passcode: BITCOIN101
*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.
Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *May 8, 2021 09:55 AM Nairobi*
BITCOIN101* - Let's learn about...
*- _The Do's and Don'ts of Crypto Trading_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session.*
Join Zoom Meeting
https://us02web.zoom.us/j/88033931880?pwd=MEZ6dnZURWNrTHhXeWpiaGhBOEJtZz09
Meeting ID: 880 3393 1880
Passcode: BITCOIN101
Bank of England Governor Says Crypto Investors are Liable to Lose All their Money. Elon Musk says too “invest with caution’ Thoughts on the market on 08. 05. 2021
Bitcoin returned above 56K, continued to grow, reaching highs above 58650 on Binance Exchange after which it rolled back below 57K, this correction was quickly redeemed and the price returned above 58K again, where it is trading at the time of writing the review. Total Crypto Market capitalization is at $2.417 Trillion with a BTC dominance index of 45.1%.
The stock market ended Friday trading with growth too. The Dow Jones rose by 0.66%, reaching a historic high, the S&P 500 rose 0.74%, and the NASDAQ rose 0.88%. Gold and oil are growing. The dollar index dropped 0.80% to 90.205, and the volatility index has already reached 16.69, which indicates that there is no fear in the market. Copper is also at the highs, which is a leading indicator of economic recovery and ends in positive territory for the fifth week in a row.
For Bitcoin, the priority version of yesterday's analysis worked out. Price was unable to break through the resistance at 56K and moved to growth. Altcoins are holding firmly, the dominance index is 45.1% and continues to fall, the alt season continues.
On the weekend I expect Bitcoin in the range of 56000-59000. An alternative option is the Bitcoin correction to below 56K, then we return to the 56000-52000 range for refueling. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Interesting: Turkey has obliged crypto exchanges to report more than $ 1,200 worth of transactions from their customers. The Mayor of Miami personally bought bitcoin and ether when the $ 1.9 trillion stimulus bill was passed by the Senate.
Last but not least, Elon Musk speaks out: invest in cryptocurrencies with caution. This is ahead of his appearance on “Saturday Night Live” on NBC today. He had a new message for his 53 million Twitter followers “Cryptocurrency is promising,” Musk wrote on Friday, “but please invest with caution!”
Lastly The Governor of the Bank of England warns crypto investors to be wary of the risks associated with buying cryptocurrencies. As reported by BTCManager: Bank of England Governor Andrew Bailey has warned the British investment public not to be caught up in the current cryptocurrency hype adding that crypto investors should be prepared to lose all their money. The admonition comes as virtual currency prices, especially altcoins, have been on a tear in recent weeks with several tokens notching new all-time highs. All Images Courtesy:
If you missed today's BItcoin101, where we covered The Do's and Don'ts of Crypto Trading. https://youtu.be/V8nw5EZL31Y
With that wishing you a great cautionary weekend ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Bitcoin returned above 56K, continued to grow, reaching highs above 58650 on Binance Exchange after which it rolled back below 57K, this correction was quickly redeemed and the price returned above 58K again, where it is trading at the time of writing the review. Total Crypto Market capitalization is at $2.417 Trillion with a BTC dominance index of 45.1%.
The stock market ended Friday trading with growth too. The Dow Jones rose by 0.66%, reaching a historic high, the S&P 500 rose 0.74%, and the NASDAQ rose 0.88%. Gold and oil are growing. The dollar index dropped 0.80% to 90.205, and the volatility index has already reached 16.69, which indicates that there is no fear in the market. Copper is also at the highs, which is a leading indicator of economic recovery and ends in positive territory for the fifth week in a row.
For Bitcoin, the priority version of yesterday's analysis worked out. Price was unable to break through the resistance at 56K and moved to growth. Altcoins are holding firmly, the dominance index is 45.1% and continues to fall, the alt season continues.
On the weekend I expect Bitcoin in the range of 56000-59000. An alternative option is the Bitcoin correction to below 56K, then we return to the 56000-52000 range for refueling. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Interesting: Turkey has obliged crypto exchanges to report more than $ 1,200 worth of transactions from their customers. The Mayor of Miami personally bought bitcoin and ether when the $ 1.9 trillion stimulus bill was passed by the Senate.
Last but not least, Elon Musk speaks out: invest in cryptocurrencies with caution. This is ahead of his appearance on “Saturday Night Live” on NBC today. He had a new message for his 53 million Twitter followers “Cryptocurrency is promising,” Musk wrote on Friday, “but please invest with caution!”
Lastly The Governor of the Bank of England warns crypto investors to be wary of the risks associated with buying cryptocurrencies. As reported by BTCManager: Bank of England Governor Andrew Bailey has warned the British investment public not to be caught up in the current cryptocurrency hype adding that crypto investors should be prepared to lose all their money. The admonition comes as virtual currency prices, especially altcoins, have been on a tear in recent weeks with several tokens notching new all-time highs. All Images Courtesy:
If you missed today's BItcoin101, where we covered The Do's and Don'ts of Crypto Trading. https://youtu.be/V8nw5EZL31Y
With that wishing you a great cautionary weekend ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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The Do's and Don'ts of Crypto Trading.
Arnold Schwarzenegger Follows Warren Buffett's Crypto Investment Strategy, Keeps Away From Bitcoin, : “rat poison” and “turds.” Thoughts on the market on 10.05.2021
Bitcoin had a pretty tumultuous weekend. On Saturday, it traded above 59K, reaching a high of $59,500 on Binance exchange, yesterday it corrected down to $56,235, at the time of writing the review Bitcoin is exchanging for $59300. Total Crypto Market capitalization is at $2. 5 Trillion and BTC dominance index of 4.4%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are also showing growth, gold and silver have risen in price.
Bitcoin clearly worked out the priority version of the Saturday analysis and moved in the indicated range. After yesterday's correction to 56K (56235) Bitcoin has moved to growth and is now again trying to gain a foothold above 59K.
Altcoins are doing great, the capitalization of the entire cryptocurrency market has exceeded 2.5 trillion dollars, the dominance index is 44.4% and continues to fall. Ethereum price has successfully broken through 4K by setting its ATH to 4073 (Binance). Our recent 5K Etherum target is getting closer and closer. Litecoin also updated its ATH at 413 on Binance.
Plan for today. If Bitcoin cannot break through the resistance at 59,500 and gain a foothold at this height, we can again go to 56K for refueling. If we fix ourselves, then we go higher and try 60-61K for strength. The main support levels are 58000-57500, the resistance levels are 59500-60000.
Interestingly, MicroStrategy CEO Michael Sailor stated that Bitcoin will become the main store of value in the 21st century. Couldn't agree with him on this one. Grayscale owner Barry Silbert said he opened a short on Dogecoin and promised to donate all profits to Bitcoin's development.
Lastly, Arnold Schwarzenegger follows Warren Buffett's crypto investment strategy of staying away from Bitcoin. He says that he is “like Warren Buffett” in that he does not invest in things he does not understand. The CEO of Berkshire Hathaway thinks bitcoin is “rat poison squared.” Early this month, Buffett and his business partner Munger commented about bitcoin at Berkshire Hathaway’s annual shareholder meeting. Buffett avoided commenting on the cryptocurrency directly because he did not want to upset investors who long bitcoin, Munger bluntly said, “I hate the bitcoin success.” He added, “The whole damn development is disgusting and contrary to the interest of civilization.”
Source | news.bitcoin.com
This reminds me of one quote: “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto
As always have a blessed week ahead, must always do your own research. This is not investment or financial advice. #decryptedge
Bitcoin had a pretty tumultuous weekend. On Saturday, it traded above 59K, reaching a high of $59,500 on Binance exchange, yesterday it corrected down to $56,235, at the time of writing the review Bitcoin is exchanging for $59300. Total Crypto Market capitalization is at $2. 5 Trillion and BTC dominance index of 4.4%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are also showing growth, gold and silver have risen in price.
Bitcoin clearly worked out the priority version of the Saturday analysis and moved in the indicated range. After yesterday's correction to 56K (56235) Bitcoin has moved to growth and is now again trying to gain a foothold above 59K.
Altcoins are doing great, the capitalization of the entire cryptocurrency market has exceeded 2.5 trillion dollars, the dominance index is 44.4% and continues to fall. Ethereum price has successfully broken through 4K by setting its ATH to 4073 (Binance). Our recent 5K Etherum target is getting closer and closer. Litecoin also updated its ATH at 413 on Binance.
Plan for today. If Bitcoin cannot break through the resistance at 59,500 and gain a foothold at this height, we can again go to 56K for refueling. If we fix ourselves, then we go higher and try 60-61K for strength. The main support levels are 58000-57500, the resistance levels are 59500-60000.
Interestingly, MicroStrategy CEO Michael Sailor stated that Bitcoin will become the main store of value in the 21st century. Couldn't agree with him on this one. Grayscale owner Barry Silbert said he opened a short on Dogecoin and promised to donate all profits to Bitcoin's development.
Lastly, Arnold Schwarzenegger follows Warren Buffett's crypto investment strategy of staying away from Bitcoin. He says that he is “like Warren Buffett” in that he does not invest in things he does not understand. The CEO of Berkshire Hathaway thinks bitcoin is “rat poison squared.” Early this month, Buffett and his business partner Munger commented about bitcoin at Berkshire Hathaway’s annual shareholder meeting. Buffett avoided commenting on the cryptocurrency directly because he did not want to upset investors who long bitcoin, Munger bluntly said, “I hate the bitcoin success.” He added, “The whole damn development is disgusting and contrary to the interest of civilization.”
Source | news.bitcoin.com
This reminds me of one quote: “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto
As always have a blessed week ahead, must always do your own research. This is not investment or financial advice. #decryptedge
Swiss Financial holding UBS Group will open access to Cryptocurrencies for clients.. Thoughts on the market on 11.05.021
Yesterday. Bitcoin tried several times to gain a foothold above 59K, but did not succeed and moved to a decline to $53400 on Binance exchange. The correction from 53K was then redeemed and at the time of writing the review, Bitcoin is trading at about 54,991. Total Crypto Market capitalization of $2. 384 Trillion, dominance index 43.2%.
The stock market ended Monday trading with a fall. The Dow Jones fell 0.10%, the S&P 500 fell 1.04%, and the NASDAQ fell 2.55%. The volatility index rose 17.80% to 19.66, hitting a new monthly high. Gold and oil are also declining.
On the Cryptomarket, the priority version of yesterday's analysis worked out and even exceeded it. Bitcoin struggled to stay above 59K and even test the 60K resistance zone for strength, but failed and went down. Market capitalization has dropped below $ 2.5 trillion, dominance index is 43.2% and continues to fall.
Altcoins followed Bitcoin, the drawdown on the top alts is on average 10-15%, for some assets it is significantly higher. As a rule: digital assets that have grown the most fall the most.
If Bitcoin today cannot overcome the resistance at 56K and above, then most likely it will continue to decline, the key support is now at 53,500, if we go even lower, we can reach 52K. Leaving above 56K will open the way for 57 and 59K.
Interestingly, Swiss financial holding UBS Group will open access to cryptocurrencies for clients. “The Swiss firm is exploring several alternatives for offering the asset class, people familiar with the plan said,” according to Bloomberg. “Any investment offering would be a very small portion of the clients’ total wealth because of the volatility, while options include investing through third party investment vehicles, one of the people said.” Sources also voiced concern that clients would leave UBS if it did not start offering some sort of cryptocurrency investment options to its clients. Recently, many of its highest-profile competitors have signaled their plans to grant bitcoin exposure to their own clients. For instance, this year, BNY Mellon has announced a bitcoin strategy for its clients, Morgan Stanley has announced plans to allow clients to invest in bitcoin funds and Goldman Sachs has shared details around its work to offer BTC investment vehicles and recently offered bitcoin derivatives.
Lastly Ethereum co-founder Vitalik Buterin turned out to be the largest holder of the Shiba Inu cryptocurrency, a clone of the Dogecoin meme cryptocurrency. A source.
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
Yesterday. Bitcoin tried several times to gain a foothold above 59K, but did not succeed and moved to a decline to $53400 on Binance exchange. The correction from 53K was then redeemed and at the time of writing the review, Bitcoin is trading at about 54,991. Total Crypto Market capitalization of $2. 384 Trillion, dominance index 43.2%.
The stock market ended Monday trading with a fall. The Dow Jones fell 0.10%, the S&P 500 fell 1.04%, and the NASDAQ fell 2.55%. The volatility index rose 17.80% to 19.66, hitting a new monthly high. Gold and oil are also declining.
On the Cryptomarket, the priority version of yesterday's analysis worked out and even exceeded it. Bitcoin struggled to stay above 59K and even test the 60K resistance zone for strength, but failed and went down. Market capitalization has dropped below $ 2.5 trillion, dominance index is 43.2% and continues to fall.
Altcoins followed Bitcoin, the drawdown on the top alts is on average 10-15%, for some assets it is significantly higher. As a rule: digital assets that have grown the most fall the most.
If Bitcoin today cannot overcome the resistance at 56K and above, then most likely it will continue to decline, the key support is now at 53,500, if we go even lower, we can reach 52K. Leaving above 56K will open the way for 57 and 59K.
Interestingly, Swiss financial holding UBS Group will open access to cryptocurrencies for clients. “The Swiss firm is exploring several alternatives for offering the asset class, people familiar with the plan said,” according to Bloomberg. “Any investment offering would be a very small portion of the clients’ total wealth because of the volatility, while options include investing through third party investment vehicles, one of the people said.” Sources also voiced concern that clients would leave UBS if it did not start offering some sort of cryptocurrency investment options to its clients. Recently, many of its highest-profile competitors have signaled their plans to grant bitcoin exposure to their own clients. For instance, this year, BNY Mellon has announced a bitcoin strategy for its clients, Morgan Stanley has announced plans to allow clients to invest in bitcoin funds and Goldman Sachs has shared details around its work to offer BTC investment vehicles and recently offered bitcoin derivatives.
Lastly Ethereum co-founder Vitalik Buterin turned out to be the largest holder of the Shiba Inu cryptocurrency, a clone of the Dogecoin meme cryptocurrency. A source.
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