Bank of America In partnership with Paxos, as Myspace Founder Tom Anderson a multi-millionaire before 40, now devoted to architecture,photography and design ‘Buys The Dip. Thoughts on the market on 18.05.2021
Yesterday, Bitcoin lost support at 45K and went down, reaching a local low of $42,000 on Finance Exchange. This correction was bought out and Bitcoin started to grow, before recovering to 45K where it is currently trading, it fell again to 42K. At the time of writing this review, the main cryptocurrency is trading at around $45,235. A total Crypto Market capitalization of $2.1 Trillion with a BTC dominance index of 40.2%.
The stock market ended Monday trading with a fall. The Dow Jones fell 0.16%, the S&P 500 lost 0.25%, and the NASDAQ fell 0.60%. Gold and silver are on the rise. Oil is also showing growth and is approaching $ 70.
For Bitcoin, the priority version of yesterday's analysis worked out. Price could not overcome resistance at 45K and went down to 42K.
For today, if we hold higher, then the actual movement towards 46000-47500 is an option. If we go below 45K, we return to the previous trading range 45000-42000. This is an alternative option.
Interestingly, Bank of America joins Paxos Settlement Service, a blockchain-based securities settlement platform. Such a move will allow Bank of America to complete operations on the same day, a process that takes two days. This is a “more flexible and speedier” stock settlement system compared with that of the Depository Trust & Clearing Corporation, or DTCC, in which Bank of America is a direct participant. The DTCC settlement time is roughly two days, whereas Paxos’ service is capable of settling some stock trades in minutes. Coinbase (COIN) shares fell below $ 250, crypto exchange shares are selling as Bitcoin continues to plunge. Last we spoke about this: https://t.me/decryptedge/500 Crypto investors were pouring money into extremely speculative cryptocurrencies such as Dogecoin and Binance Coin -- tokens that the exchange doesn’t offer, not anymore for Dogecoin now. It will make a debut soon on the exchange. Source | cointelegraph.com
Lastly MySpace founder Tom Anderson bought bitcoin after the collapse on May 17 and joined the laser eyes flash mob. This is from a tweet. The Tech entrepreneur took to social media to share his reaction on the latest crypto market correction which pushed the price of bitcoin (BTC) below $43,000 on Monday. Cheering up worried and agitated crypto enthusiasts, Anderson tweeted “Buying The Dip” and attached a laser eye meme of himself. Tom Anderson is now spending most of his time away from public attention. His Twitter bio reads “Enjoying the good life” and lists his latest hobbies including surfing and photography. He retired as a multi-millionaire before turning 40 to devote to another passion, architecture, and design, more than a decade ago. He is also a known traveler sharing pictures of exotic destinations on Instagram regularly. Source | news.Bitcoin.com
As always wishing you a blessed day ahead, and remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Yesterday, Bitcoin lost support at 45K and went down, reaching a local low of $42,000 on Finance Exchange. This correction was bought out and Bitcoin started to grow, before recovering to 45K where it is currently trading, it fell again to 42K. At the time of writing this review, the main cryptocurrency is trading at around $45,235. A total Crypto Market capitalization of $2.1 Trillion with a BTC dominance index of 40.2%.
The stock market ended Monday trading with a fall. The Dow Jones fell 0.16%, the S&P 500 lost 0.25%, and the NASDAQ fell 0.60%. Gold and silver are on the rise. Oil is also showing growth and is approaching $ 70.
For Bitcoin, the priority version of yesterday's analysis worked out. Price could not overcome resistance at 45K and went down to 42K.
For today, if we hold higher, then the actual movement towards 46000-47500 is an option. If we go below 45K, we return to the previous trading range 45000-42000. This is an alternative option.
Interestingly, Bank of America joins Paxos Settlement Service, a blockchain-based securities settlement platform. Such a move will allow Bank of America to complete operations on the same day, a process that takes two days. This is a “more flexible and speedier” stock settlement system compared with that of the Depository Trust & Clearing Corporation, or DTCC, in which Bank of America is a direct participant. The DTCC settlement time is roughly two days, whereas Paxos’ service is capable of settling some stock trades in minutes. Coinbase (COIN) shares fell below $ 250, crypto exchange shares are selling as Bitcoin continues to plunge. Last we spoke about this: https://t.me/decryptedge/500 Crypto investors were pouring money into extremely speculative cryptocurrencies such as Dogecoin and Binance Coin -- tokens that the exchange doesn’t offer, not anymore for Dogecoin now. It will make a debut soon on the exchange. Source | cointelegraph.com
Lastly MySpace founder Tom Anderson bought bitcoin after the collapse on May 17 and joined the laser eyes flash mob. This is from a tweet. The Tech entrepreneur took to social media to share his reaction on the latest crypto market correction which pushed the price of bitcoin (BTC) below $43,000 on Monday. Cheering up worried and agitated crypto enthusiasts, Anderson tweeted “Buying The Dip” and attached a laser eye meme of himself. Tom Anderson is now spending most of his time away from public attention. His Twitter bio reads “Enjoying the good life” and lists his latest hobbies including surfing and photography. He retired as a multi-millionaire before turning 40 to devote to another passion, architecture, and design, more than a decade ago. He is also a known traveler sharing pictures of exotic destinations on Instagram regularly. Source | news.Bitcoin.com
As always wishing you a blessed day ahead, and remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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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…
Yesterday, Bitcoin tried several times to gain a foothold above 58K but did not succeed and began…
Bitcoin Falls Sharply after China Signals Crypto Crackdown. Thoughts on the market on 19.05. 2021
Yesterday, Bitcoin tried several times to gain a foothold above 45K but did not succeed and began to decline, a low of 37200 on Binance exchange has so far been attained at the time of writing this review. Total Crypto Market capitalization is $1.8 Trillion with BTC dominance index of 40%.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.78%, the S&P 500 lost 0.85%, and the NASDAQ fell 0.56%. Gold and silver are also declining.
An alternative analysis developed on the crypto market. Moreover, the correction plan was exceeded with Bitcon now at $37,200 on Binance exchanged. Likely draw even lower.
The leak was triggered by FUD over another cryptocurrency ban in China. The three associations, which are overseen by the government and the People's Bank of China, have issued a joint notice prohibiting companies from supporting cryptocurrency-related businesses. In a joint statement issued on the People’s Bank of China’s WeChat account, banking and internet industry associations said that financial and payment institutions should not accept cryptocurrencies as payment or offer services and products related to them. Virtual currency “is not a real currency” and “should not and cannot be used as currency in the market”, the groups said in the statement issued late on Tuesday, which referred to a recent surge in prices as “speculation”.
Bitcoin was trading at a low of just over $38,500 on Wednesday morning in Asia, according to the Bitstamp exchange. The development reflected China’s campaign to limit institutional activity in cryptocurrencies as it prepares to launch its own digital currency. Other markets such as the US have remained comparatively open to institutional involvement. The associations themselves do not decide anything, but only supervise the market participants, but this was enough to catch up with the horror and push the price below 40K. Cryptocurrency market capitalization fell below 2 trillion again, dominance index 40%, altcoins are growing selectively. Source | FT.
This reminds me of an article I wrote back on the question about crypto regulation: https://t.me/decryptedge/227
All this does not bother the likes of Michael Saylor, the head of MicroStrategy, who again bought more 229 Bitcoins for $ 10 million. And now MicroStrategy owns 92,079 BTC worth over $ 4 billion, and their average purchase price is $ 24,450.
Plan for today. If Bitcoin cannot gain a foothold above 40K, then there is a possibility of a decline to 37000-36000 with a lower exit to 34,687. Alternative could be fixing above 43K against all odds.
Let me remind you that Bitcoin at 40K or even at 37-36 in its properties, advantages and prospects is no different from Bitcoin at 60K. But at the same time it is much more interesting for the price. Until you yourself sold Bitcoin cheaper than you bought it, you have no loss, you need to sell when it is expensive.
As always wishing you a blessed day ahead, and remember, you 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 45K but did not succeed and began to decline, a low of 37200 on Binance exchange has so far been attained at the time of writing this review. Total Crypto Market capitalization is $1.8 Trillion with BTC dominance index of 40%.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.78%, the S&P 500 lost 0.85%, and the NASDAQ fell 0.56%. Gold and silver are also declining.
An alternative analysis developed on the crypto market. Moreover, the correction plan was exceeded with Bitcon now at $37,200 on Binance exchanged. Likely draw even lower.
The leak was triggered by FUD over another cryptocurrency ban in China. The three associations, which are overseen by the government and the People's Bank of China, have issued a joint notice prohibiting companies from supporting cryptocurrency-related businesses. In a joint statement issued on the People’s Bank of China’s WeChat account, banking and internet industry associations said that financial and payment institutions should not accept cryptocurrencies as payment or offer services and products related to them. Virtual currency “is not a real currency” and “should not and cannot be used as currency in the market”, the groups said in the statement issued late on Tuesday, which referred to a recent surge in prices as “speculation”.
Bitcoin was trading at a low of just over $38,500 on Wednesday morning in Asia, according to the Bitstamp exchange. The development reflected China’s campaign to limit institutional activity in cryptocurrencies as it prepares to launch its own digital currency. Other markets such as the US have remained comparatively open to institutional involvement. The associations themselves do not decide anything, but only supervise the market participants, but this was enough to catch up with the horror and push the price below 40K. Cryptocurrency market capitalization fell below 2 trillion again, dominance index 40%, altcoins are growing selectively. Source | FT.
This reminds me of an article I wrote back on the question about crypto regulation: https://t.me/decryptedge/227
All this does not bother the likes of Michael Saylor, the head of MicroStrategy, who again bought more 229 Bitcoins for $ 10 million. And now MicroStrategy owns 92,079 BTC worth over $ 4 billion, and their average purchase price is $ 24,450.
Plan for today. If Bitcoin cannot gain a foothold above 40K, then there is a possibility of a decline to 37000-36000 with a lower exit to 34,687. Alternative could be fixing above 43K against all odds.
Let me remind you that Bitcoin at 40K or even at 37-36 in its properties, advantages and prospects is no different from Bitcoin at 60K. But at the same time it is much more interesting for the price. Until you yourself sold Bitcoin cheaper than you bought it, you have no loss, you need to sell when it is expensive.
As always wishing you a blessed day ahead, and remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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Exchanges will remain only in a gray zone, without any AML / KYC, which will make Bitcoin even more attractive for many. Oddly enough, in this scenario, it will reach 100K even faster.
The downside of this scenario is its low probability. The same States…
The downside of this scenario is its low probability. The same States…
#India may set up a new panel to study #crypto #regulations, Amidst Fear, Uncertainty and Doubt in the #Cryptomarkets. Today’s Thoughts : 20.05. 2021
#Bitcoin lost support by 40K and went down, reaching a low of 30,000 on Binance exchange. This correction was quickly bought out and Bitcoin went up. At the time of writing, Bitcoin is trading at around 39,300. Total Crypto Market capitalization of $1.662 Trillion and BTC dominance index of 44.4%.
The stock market ended with a fall too on Wednesday. The Dow Jones fell 0.48%, the S&P 500 fell 0.29%, and the NASDAQ fell 0.03%. Markets have been declining for the third straight session on investors' fears of rising inflation, which will force the Fed to tighten its policy. Therefore, most market participants are trying to get rid of risky assets.
On the #cryptomarket, at first everything went according to the priority forecast option. Bitcoin could not gain a foothold above 40K and went down, having reached the specified level of 36K, we pushed off and moved on to growth, but then a sell off began again pushing the price to $30,000 on Binance. Some Altcoins lost up to -40 percent or more.
The market was somewhat rescued by Michael Sailor, CEO of MicroStrategy, who revealed that his companies own 111,000 BTC and none of them sold a single bitcoin. Elon Musk too, who posted a reminder on Twitter that Tesla has diamond hands and continues to hold its ground in Bitcoin. Justin Sun, founder of TRON, announced that he has acquired $ 150 million worth of bitcoins. And many others.
TheBlock analytics showed that amid the market collapse, the number of addresses on which Bitcoin is stored for more than one year has grown to the highest level in history. This suggests that "short-term investors" were selling themselves at a loss, while others were buying at a discount. Yesterday I warned about this that until you yourself sold Bitcoin cheaper than you bought it, you have no loss, you need to sell when it is expensive.
Interestingly, #India could set up a committee to study the rules of cryptography. three sources privy of the discussions told ET. This comes amid the prevailing view that the recommendations by a committee headed by former finance secretary Subhash Garg in 2019 for a blanket ban on these assets had become outdated. Minister of State for Finance and Corporate Affairs, Anurag Thakur, had earlier met with members from the crypto and banking industry forums in this regard. HIs is among the dozen or so names under consideration who may be part of the committee, which could also have representation from the opposition party.
Some officials said publicly that the government would take a “calibrated” approach in regulating cryptocurrency rather than impose an outright ban.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was scheduled to be tabled in the Budget session of Parliament in March. However, it was deferred for reasons not made public.
This Bill, in its current form, is expected to not only criminalize trading but also the holding of cryptocurrency assets, much to the dismay of the nascent crypto industry in India.
In 2018, RBI had banned all banks from allowing customers to trade in cryptocurrency. However, the Supreme Court overturned the ban in February 2020 after a petition filed by Indian crypto entrepreneurs and technology and internet industry association IAMAI. Source: economictimes.indiatimes.com
In closing, if today, Bitcoin is unable to overcome the resistance at 40K and higher, then there is a possibility of a new decline, the key support levels are now at 36-34K. Leaving and fixing above 40K will open the way for 42 and above. Reason being, from a technical analysis point of view, as long as BTC Holding above 30K we are looking for a rebound to 48/51K zone then another Dump from 51/54 to 35/30/25/20K maybe a lower time frame for this movement 7/15 Days from now! If Bears break down we will see 26K/22K/18K and this will give a good chance to buy. Right now we are trading above 30K.
#Bitcoin lost support by 40K and went down, reaching a low of 30,000 on Binance exchange. This correction was quickly bought out and Bitcoin went up. At the time of writing, Bitcoin is trading at around 39,300. Total Crypto Market capitalization of $1.662 Trillion and BTC dominance index of 44.4%.
The stock market ended with a fall too on Wednesday. The Dow Jones fell 0.48%, the S&P 500 fell 0.29%, and the NASDAQ fell 0.03%. Markets have been declining for the third straight session on investors' fears of rising inflation, which will force the Fed to tighten its policy. Therefore, most market participants are trying to get rid of risky assets.
On the #cryptomarket, at first everything went according to the priority forecast option. Bitcoin could not gain a foothold above 40K and went down, having reached the specified level of 36K, we pushed off and moved on to growth, but then a sell off began again pushing the price to $30,000 on Binance. Some Altcoins lost up to -40 percent or more.
The market was somewhat rescued by Michael Sailor, CEO of MicroStrategy, who revealed that his companies own 111,000 BTC and none of them sold a single bitcoin. Elon Musk too, who posted a reminder on Twitter that Tesla has diamond hands and continues to hold its ground in Bitcoin. Justin Sun, founder of TRON, announced that he has acquired $ 150 million worth of bitcoins. And many others.
TheBlock analytics showed that amid the market collapse, the number of addresses on which Bitcoin is stored for more than one year has grown to the highest level in history. This suggests that "short-term investors" were selling themselves at a loss, while others were buying at a discount. Yesterday I warned about this that until you yourself sold Bitcoin cheaper than you bought it, you have no loss, you need to sell when it is expensive.
Interestingly, #India could set up a committee to study the rules of cryptography. three sources privy of the discussions told ET. This comes amid the prevailing view that the recommendations by a committee headed by former finance secretary Subhash Garg in 2019 for a blanket ban on these assets had become outdated. Minister of State for Finance and Corporate Affairs, Anurag Thakur, had earlier met with members from the crypto and banking industry forums in this regard. HIs is among the dozen or so names under consideration who may be part of the committee, which could also have representation from the opposition party.
Some officials said publicly that the government would take a “calibrated” approach in regulating cryptocurrency rather than impose an outright ban.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was scheduled to be tabled in the Budget session of Parliament in March. However, it was deferred for reasons not made public.
This Bill, in its current form, is expected to not only criminalize trading but also the holding of cryptocurrency assets, much to the dismay of the nascent crypto industry in India.
In 2018, RBI had banned all banks from allowing customers to trade in cryptocurrency. However, the Supreme Court overturned the ban in February 2020 after a petition filed by Indian crypto entrepreneurs and technology and internet industry association IAMAI. Source: economictimes.indiatimes.com
In closing, if today, Bitcoin is unable to overcome the resistance at 40K and higher, then there is a possibility of a new decline, the key support levels are now at 36-34K. Leaving and fixing above 40K will open the way for 42 and above. Reason being, from a technical analysis point of view, as long as BTC Holding above 30K we are looking for a rebound to 48/51K zone then another Dump from 51/54 to 35/30/25/20K maybe a lower time frame for this movement 7/15 Days from now! If Bears break down we will see 26K/22K/18K and this will give a good chance to buy. Right now we are trading above 30K.
As always wishing you a blessed day ahead, and remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#US #Treasury proposes crypto transactions over $10K be reported to #IRS. Thoughts on the Crypto market on 21.05. 2021
#Bitcoin again returned to above 40K and continued to grow, registering highs above 42451 on Binance Exchange, after which it rolled back to 38K. At the time of writing this review, Bitcoin is worth 40,100 with a dominance index of 42.5% and Total Crypto Market Capitalization of $1. 78 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones climbed 0.55%, the S&P 500 rose 1.06%, and the NASDAQ rose 1.94%. Gold and silver sagged.
For Bitcoin, the scenario with a fixation above 40K worked out. With price regaining above 42000 on Binance, altcoins are holding confidently, the dominance index is 42.5% and continues to fall, which means they will show a further growth.
Plan for today. If Bitcoin cannot gain a foothold above 42K, this may give rise to a new sell off and then we can test 40 and 38K again. Fixing above 42K will open the way for us at 43200 and 45700 where the main resistance levels are located. For complete TA look at our yesterdays review here: https://t.me/decryptedge/526
Interestingly the US Treasury offers to report cryptocurrency transactions over $ 10,000 to the IRS. Officials at the United States Department of the Treasury are calling for exchanges and custodians to report crypto transactions greater than $10,000 to the Internal Revenue Service. In a report released on Thursday concerning tax proposals for President Joe Biden’s American Families Plan, the Treasury Department took aim at digital assets by proposing businesses including banks, payment providers and cryptocurrency exchanges report more information on their inflows and outflows from accounts each year starting in 2023. At the moment, the IRS does not have independent verification of such transactions, potentially leading to a widening tax gap — the difference between taxes owed and paid. Source | https://cointelegraph.com/
So in closing, here are my thoughts. History does repeat itself, but it does rhyme, when we compare the 2017 price movement with the current one we will find there was a trick and hunting for stop-losses before the rebound !! The price may drop to $34/32K again before pumping to $48K. This view of cause can fail, no one can predict the market in the short term, price can break out for sure If you are keen to ride the wave, buy at 36500 - 34500 - 33500. Not Financial advice.
As always wishing you a blessed day ahead, and remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Bitcoin again returned to above 40K and continued to grow, registering highs above 42451 on Binance Exchange, after which it rolled back to 38K. At the time of writing this review, Bitcoin is worth 40,100 with a dominance index of 42.5% and Total Crypto Market Capitalization of $1. 78 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones climbed 0.55%, the S&P 500 rose 1.06%, and the NASDAQ rose 1.94%. Gold and silver sagged.
For Bitcoin, the scenario with a fixation above 40K worked out. With price regaining above 42000 on Binance, altcoins are holding confidently, the dominance index is 42.5% and continues to fall, which means they will show a further growth.
Plan for today. If Bitcoin cannot gain a foothold above 42K, this may give rise to a new sell off and then we can test 40 and 38K again. Fixing above 42K will open the way for us at 43200 and 45700 where the main resistance levels are located. For complete TA look at our yesterdays review here: https://t.me/decryptedge/526
Interestingly the US Treasury offers to report cryptocurrency transactions over $ 10,000 to the IRS. Officials at the United States Department of the Treasury are calling for exchanges and custodians to report crypto transactions greater than $10,000 to the Internal Revenue Service. In a report released on Thursday concerning tax proposals for President Joe Biden’s American Families Plan, the Treasury Department took aim at digital assets by proposing businesses including banks, payment providers and cryptocurrency exchanges report more information on their inflows and outflows from accounts each year starting in 2023. At the moment, the IRS does not have independent verification of such transactions, potentially leading to a widening tax gap — the difference between taxes owed and paid. Source | https://cointelegraph.com/
So in closing, here are my thoughts. History does repeat itself, but it does rhyme, when we compare the 2017 price movement with the current one we will find there was a trick and hunting for stop-losses before the rebound !! The price may drop to $34/32K again before pumping to $48K. This view of cause can fail, no one can predict the market in the short term, price can break out for sure If you are keen to ride the wave, buy at 36500 - 34500 - 33500. Not Financial advice.
As always wishing you a blessed day ahead, and remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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KryptoEdge
#India may set up a new panel to study #crypto #regulations, Amidst Fear, Uncertainty and Doubt in the #Cryptomarkets. Today’s Thoughts : 20.05. 2021
#Bitcoin lost support by 40K and went down, reaching a low of 30,000 on Binance exchange. This correction…
#Bitcoin lost support by 40K and went down, reaching a low of 30,000 on Binance exchange. This correction…
Good morning .... As I wish you a great weekend ahead ........ Its the Bitcoin Pizza Day. Thanks to this dude who spent just 10,000 Bitcoins for a Pizza...actually 2.
Today during our Weekly Bitcoin101, how about you enjoy some pizza - Join us, comment, ask questions and stand a chance to enjoy a free Pizza of your choice.
As we learn about...: Bitcoin's History - Important events.
*- Crypto-Markets news and this week updates.*
Join Zoom Meeting
👉🏾https://us02web.zoom.us/j/89913246703?pwd=QzZuL0doN1hNVGVIbjVXU0kvLzNSdz09
Meeting ID: 899 1324 6703
Passcode: BITCOIN101
Today during our Weekly Bitcoin101, how about you enjoy some pizza - Join us, comment, ask questions and stand a chance to enjoy a free Pizza of your choice.
As we learn about...: Bitcoin's History - Important events.
*- Crypto-Markets news and this week updates.*
Join Zoom Meeting
👉🏾https://us02web.zoom.us/j/89913246703?pwd=QzZuL0doN1hNVGVIbjVXU0kvLzNSdz09
Meeting ID: 899 1324 6703
Passcode: BITCOIN101
Happy Bitcoin Pizza Day, Thoughts on the Crypto Market on 22.05. 2021
Bitcoin lost again support 40K during the day, after which it went down, reaching a low of 33488 on Binance exchange. This correction was gradually bought out and Bitcoin is currently trading at around 37,105. Total Crypto Market capitalization of $1.5 Trillion, with a BTC dominance index of 44.7%.
The stock market finished trading on Friday in different directions. The Dow Jones rose 0.36%, the S&P 500 fell 0.08%, and the NASDAQ fell 0.61%. The dollar index rose 0.25% to 90.015.
There is another negative on the crypto market, Since Bitcoin could not gain a foothold above 40K and went down, the sell off began after the news appeared on the official website of the Chinese government about the "next" ban on mining and trading in bitcoins. Fear and doubts also spread to the altcoin market, with the result that most of the TOP 100 fell by 30% and some fell even deeper.
Lets not forget you that since 2017, China has banned trade and scared miners, but everything continues to work, therefore we will consider this news as another FUD, which was inflated with the aim of manipulating the market.
When hamsters are easily frightened by this kind of news and sell their digital assets even in the negative, whales continue to accumulate. After updating the lows, users bought and withdrew from exchanges to cold wallets a record number of coins over the past year. Therefore, we wait and believe.
On the weekend expect Bitcoin in the range of 35000-39000. An alternative option is a Bitcoin correction below 35K, in which case another 33K test 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 number of searches on Google related to cryptocurrency has reached the highest values in history. Source | trends.google.com “Should I sell my crypto” searches in the US alone skyrocketed by 400% in the past day. This came amid one of the largest market-wide crashes in which bitcoin fell by $10,000, and most alternative coins bled out even worse. Additionally, people were highly interested in environmental issues. Google trends indicated that “most energy-efficient cryptocurrency” and “environmentally friendly cryptocurrency” became “breakout searches.”
Wishing you a great weekend ahead. It's Bitcoin Pizza Day. Thanks to this dude who spent just 10,000 Bitcoins for a Pizza...actually 2. For a recording of the zoom session tracking major Bitcoin events.. Find it here: https://www.youtube.com/watch?v=5hiEvn_hfso
Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Bitcoin lost again support 40K during the day, after which it went down, reaching a low of 33488 on Binance exchange. This correction was gradually bought out and Bitcoin is currently trading at around 37,105. Total Crypto Market capitalization of $1.5 Trillion, with a BTC dominance index of 44.7%.
The stock market finished trading on Friday in different directions. The Dow Jones rose 0.36%, the S&P 500 fell 0.08%, and the NASDAQ fell 0.61%. The dollar index rose 0.25% to 90.015.
There is another negative on the crypto market, Since Bitcoin could not gain a foothold above 40K and went down, the sell off began after the news appeared on the official website of the Chinese government about the "next" ban on mining and trading in bitcoins. Fear and doubts also spread to the altcoin market, with the result that most of the TOP 100 fell by 30% and some fell even deeper.
Lets not forget you that since 2017, China has banned trade and scared miners, but everything continues to work, therefore we will consider this news as another FUD, which was inflated with the aim of manipulating the market.
When hamsters are easily frightened by this kind of news and sell their digital assets even in the negative, whales continue to accumulate. After updating the lows, users bought and withdrew from exchanges to cold wallets a record number of coins over the past year. Therefore, we wait and believe.
On the weekend expect Bitcoin in the range of 35000-39000. An alternative option is a Bitcoin correction below 35K, in which case another 33K test 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 number of searches on Google related to cryptocurrency has reached the highest values in history. Source | trends.google.com “Should I sell my crypto” searches in the US alone skyrocketed by 400% in the past day. This came amid one of the largest market-wide crashes in which bitcoin fell by $10,000, and most alternative coins bled out even worse. Additionally, people were highly interested in environmental issues. Google trends indicated that “most energy-efficient cryptocurrency” and “environmentally friendly cryptocurrency” became “breakout searches.”
Wishing you a great weekend ahead. It's Bitcoin Pizza Day. Thanks to this dude who spent just 10,000 Bitcoins for a Pizza...actually 2. For a recording of the zoom session tracking major Bitcoin events.. Find it here: https://www.youtube.com/watch?v=5hiEvn_hfso
Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
YouTube
Bitcoin's History - Important events..
JPMorgan Says They Have “Diamond Hands” as Oil-Crypto Alliances Form in North America To Power Bitcoin Miners. Thoughts on the market on 24.05. 2021
#Bitcoin was again looking for a bottom, reaching lows of 31,111 on Binance exchange, the correction was nonetheless bought out and price went up. At the time of this writing, Bitcoin is trading at 36,240. Total Crypto Market capitalization is at $1.4 Trillion with BTC dominance index of 45.0%
Equity markets opened slightly higher. At the moment, futures for the S&P 500 are in positive territory and added 0.14%. Asian indices are trading in different directions. Gold, silver and oil are on the rise.
With Bitcoin spending the weekend quite stormy: on Saturday it traded above 38K, yesterday it was looking for a bottom just above 31K, with the opening of the markets it went up from 35,100 to now trading at 36k. Ethereum and most of the main altcoins followed Bitcoin, continuing a ten-day sale, capitalization the entire market fell below $1.5 trillion and dominance index rising to 46%.
China is to blame again with a new portion of FUD in the direction of crypto mining operations, which, by the way, Iran is already ready to accept mining officially regulated by law. Citing the regulatory crackdown, BTC.TOP, one of the biggest crypto mining pools, announced the suspension of its China business. Founder Jiang Zhuoer, said that they are planning to move the operations to North America, reported by Reuters. As we know, China alone accounts for 70% of the total crypto mining market worldwide. Thus, if the Chinese miners decide to turn off their rigs, even for a short time, the effects of the same can be far-reaching.
Plan for today. If bitcoin fails to gain a foothold at 35K, there is a risk of a new decline to the 34K levels where the initial support is located, a departure below this level will open the way to 32-30K. But I still expect a breakthrough towards 37K and higher, which will be the priority forecast option (again, if there is no FUD).
In North America, oil and crypto alliances are being formed to support bitcoin miners. Source. Bitcoin miners in North America are teaming up with oil drillers to utilize excess natural gas and mine the leading crypto asset. Reuters reports that Bitcoin miners are sending mobile mining rigs on trailers out to oil drilling sites in North Dakota to harness the excess energy produced and efficiently convert it into crypto. The alliance between crypto miners and American oil companies could potentially take BTC out of the hands of miners in China who primarily use non-renewable energy sources, says Mark Le Dain, vice president of oil and gas data intelligence firm Validere Technologies.
“It helps cut emissions at (an oil) producer level, but also globally by reducing mining in parts of the world where coal is likely the power source.”
Lastly JPMorgan says they have diamond hands too. With the crypto market looking pretty bloody yesterday, prices dropping like crazy, this volatility hasn’t changed JPMorgan’s optimistic view on shares of Signature Bank, a leader in the digital asset sphere. “The regional bank’s digital asset banking strategy and its real-time, blockchain-based payments platform “Signet” has attracted increased investor interest as cryptocurrency has gained attention,” CNBC noted. The JPMorgan note comes on the tail of a roller-coaster week for cryptos. Crypto prices fell as Chinese authorities reiterated calls for tighter regulation on crypto mining and trading, while the U.S. Treasury announced it would require stricter crypto compliance with the IRS.
Tesla also has diamond hands Speaking of diamond hands, Tesla seems to have these as well. As you probably know by now, Elon Musk has been manipulating the crypto market and this led to the weak hands selling Bitcoin these past days. The other day, BTC hit a dip of $30k and thirsty investors bought this dip, of course. Musk dropped another relevant tweet on social media, implying that Tesla is not selling any BTC.
#Bitcoin was again looking for a bottom, reaching lows of 31,111 on Binance exchange, the correction was nonetheless bought out and price went up. At the time of this writing, Bitcoin is trading at 36,240. Total Crypto Market capitalization is at $1.4 Trillion with BTC dominance index of 45.0%
Equity markets opened slightly higher. At the moment, futures for the S&P 500 are in positive territory and added 0.14%. Asian indices are trading in different directions. Gold, silver and oil are on the rise.
With Bitcoin spending the weekend quite stormy: on Saturday it traded above 38K, yesterday it was looking for a bottom just above 31K, with the opening of the markets it went up from 35,100 to now trading at 36k. Ethereum and most of the main altcoins followed Bitcoin, continuing a ten-day sale, capitalization the entire market fell below $1.5 trillion and dominance index rising to 46%.
China is to blame again with a new portion of FUD in the direction of crypto mining operations, which, by the way, Iran is already ready to accept mining officially regulated by law. Citing the regulatory crackdown, BTC.TOP, one of the biggest crypto mining pools, announced the suspension of its China business. Founder Jiang Zhuoer, said that they are planning to move the operations to North America, reported by Reuters. As we know, China alone accounts for 70% of the total crypto mining market worldwide. Thus, if the Chinese miners decide to turn off their rigs, even for a short time, the effects of the same can be far-reaching.
Plan for today. If bitcoin fails to gain a foothold at 35K, there is a risk of a new decline to the 34K levels where the initial support is located, a departure below this level will open the way to 32-30K. But I still expect a breakthrough towards 37K and higher, which will be the priority forecast option (again, if there is no FUD).
In North America, oil and crypto alliances are being formed to support bitcoin miners. Source. Bitcoin miners in North America are teaming up with oil drillers to utilize excess natural gas and mine the leading crypto asset. Reuters reports that Bitcoin miners are sending mobile mining rigs on trailers out to oil drilling sites in North Dakota to harness the excess energy produced and efficiently convert it into crypto. The alliance between crypto miners and American oil companies could potentially take BTC out of the hands of miners in China who primarily use non-renewable energy sources, says Mark Le Dain, vice president of oil and gas data intelligence firm Validere Technologies.
“It helps cut emissions at (an oil) producer level, but also globally by reducing mining in parts of the world where coal is likely the power source.”
Lastly JPMorgan says they have diamond hands too. With the crypto market looking pretty bloody yesterday, prices dropping like crazy, this volatility hasn’t changed JPMorgan’s optimistic view on shares of Signature Bank, a leader in the digital asset sphere. “The regional bank’s digital asset banking strategy and its real-time, blockchain-based payments platform “Signet” has attracted increased investor interest as cryptocurrency has gained attention,” CNBC noted. The JPMorgan note comes on the tail of a roller-coaster week for cryptos. Crypto prices fell as Chinese authorities reiterated calls for tighter regulation on crypto mining and trading, while the U.S. Treasury announced it would require stricter crypto compliance with the IRS.
Tesla also has diamond hands Speaking of diamond hands, Tesla seems to have these as well. As you probably know by now, Elon Musk has been manipulating the crypto market and this led to the weak hands selling Bitcoin these past days. The other day, BTC hit a dip of $30k and thirsty investors bought this dip, of course. Musk dropped another relevant tweet on social media, implying that Tesla is not selling any BTC.
That concludes our day's market thoughts. Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Coinbase Recruits a Former White House Adviser to a New Policy Role, as Elon Musk talks to ‘North American Bitcoin miners,’ Potentially promising.” Thoughts on the market on 25.05.2021
#Bitcoin has been moving in the range of $39900-34000 during the last 24hrs, with several attempts to break through the resistance at 40K without any success. As at the time of writing the review, #Bitcoin is trading around $38,949. Total Crypto Market capitalization of $1.6 Trillion and BTC dominance index of 44.0%.
The stock market ended Monday trading with growth. The Dow Jones climbed 0.54%, the S&P 500 rose 0.99%, and the NASDAQ rose 1.41%. Gold and silver fell in price. The dollar index dropped 0.09% to 89.76.
For Bitcoin, the priority version of yesterday's forecast worked out. #Bitcoin was able to break through the resistance at 37K and moved to growth, to a high of 39920 on the #Binance exchange. We are now trying to stay at 38K. Altcoins have returned to life, some have shown growth of 50%, the dominance index continues to fall, the total market capitalization has returned above $ 1.5 trillion.
Yesterday Elon Musk brought a positive bump to the market, who tweeted that he talked with North American miners and they pledged to publish the current and planned use of renewable energy sources. We talked about it here too yesterday. A meeting was organized by Michael Sailor, who has 111,000 BTC. I am sure that everything is going according to plan and there will soon be a logical outcome.
The priority option for today is (in the absence of negative) Bitcoin in the range of 36,000-40,000. If we go below 36K, then again we can test 35,500-35,000.
#Coinbase is hiring former White House adviser Faryar Shirzad to lobby for the company's interests. With expansion comes a greater focus on policy and regulatory issues. Coinbase’s hire comes with decades of experience in the public and private sectors. #Coinabse said: “[...] Faryar will engage with lawmakers, regulators and other policy experts to realize crypto’s full potential to fuel a more equitable financial system along with job creation, GDP growth, and innovation.” Source | cointelegraph.com
On the same, #Coinbase stock could soar another 36% from its Friday close price. This comes from Goldman analysts who believe Coinbase is "the best way to gain exposure to the expansion of the crypto-native ecosystem," the analysts wrote in the Monday report. "If meaningful parts of the economy can transition to blockchain and crypto-native technology over time," the analysts wrote, "we see significant opportunity for [Coinbase] to benefit from its status as a critical element of the financial infrastructure for the ecosystem." Coinbase's security and regulatory compliance helps bolster that case judging from the update above by reaching out to a former white house advisor. Apart from Coinbase's role in the blockchain ecosystem, Goldman sees strong growth in the firm's transaction revenues, far and away Coinbase's biggest slice of sales, predicting that near term, "continued strong growth in users [will be] driving solid organic growth for the business."
Much like other analysts, the Goldman team note that investors may be "too focused" on the price of stalwart coins traded on Coinbase, like Bitcoin and Ethereum, instead of on the fact that volatility itself is a boon for the firm's business, just like at traditional stock or securities brokerages.
Wishing you a great day ahead, remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Bitcoin has been moving in the range of $39900-34000 during the last 24hrs, with several attempts to break through the resistance at 40K without any success. As at the time of writing the review, #Bitcoin is trading around $38,949. Total Crypto Market capitalization of $1.6 Trillion and BTC dominance index of 44.0%.
The stock market ended Monday trading with growth. The Dow Jones climbed 0.54%, the S&P 500 rose 0.99%, and the NASDAQ rose 1.41%. Gold and silver fell in price. The dollar index dropped 0.09% to 89.76.
For Bitcoin, the priority version of yesterday's forecast worked out. #Bitcoin was able to break through the resistance at 37K and moved to growth, to a high of 39920 on the #Binance exchange. We are now trying to stay at 38K. Altcoins have returned to life, some have shown growth of 50%, the dominance index continues to fall, the total market capitalization has returned above $ 1.5 trillion.
Yesterday Elon Musk brought a positive bump to the market, who tweeted that he talked with North American miners and they pledged to publish the current and planned use of renewable energy sources. We talked about it here too yesterday. A meeting was organized by Michael Sailor, who has 111,000 BTC. I am sure that everything is going according to plan and there will soon be a logical outcome.
The priority option for today is (in the absence of negative) Bitcoin in the range of 36,000-40,000. If we go below 36K, then again we can test 35,500-35,000.
#Coinbase is hiring former White House adviser Faryar Shirzad to lobby for the company's interests. With expansion comes a greater focus on policy and regulatory issues. Coinbase’s hire comes with decades of experience in the public and private sectors. #Coinabse said: “[...] Faryar will engage with lawmakers, regulators and other policy experts to realize crypto’s full potential to fuel a more equitable financial system along with job creation, GDP growth, and innovation.” Source | cointelegraph.com
On the same, #Coinbase stock could soar another 36% from its Friday close price. This comes from Goldman analysts who believe Coinbase is "the best way to gain exposure to the expansion of the crypto-native ecosystem," the analysts wrote in the Monday report. "If meaningful parts of the economy can transition to blockchain and crypto-native technology over time," the analysts wrote, "we see significant opportunity for [Coinbase] to benefit from its status as a critical element of the financial infrastructure for the ecosystem." Coinbase's security and regulatory compliance helps bolster that case judging from the update above by reaching out to a former white house advisor. Apart from Coinbase's role in the blockchain ecosystem, Goldman sees strong growth in the firm's transaction revenues, far and away Coinbase's biggest slice of sales, predicting that near term, "continued strong growth in users [will be] driving solid organic growth for the business."
Much like other analysts, the Goldman team note that investors may be "too focused" on the price of stalwart coins traded on Coinbase, like Bitcoin and Ethereum, instead of on the fact that volatility itself is a boon for the firm's business, just like at traditional stock or securities brokerages.
Wishing you a great day ahead, remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
White House reviews ‘gaps’ in Cryptocurrency rules as Bitcoin Swings Wildly. Thoughts on the market on 26.05. 2021
Bitcoin continued its growth during the day, reaching a high of $39791 on Binance exchange. It was not possible to gain a foothold above 40K and Bitcoin went down. At the time of writing this review, the main cryptocurrency is trading at around 39,100 with a total crypto market capitalization of $1.7 Trillion, btc dominance index of 42.9%
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.24%, the S&P 500 fell 0.21%, and the NASDAQ lost 0.03%. The dollar index rose 0.01% to 89.625. Gold and silver are on the rise.
For Bitcoin, the priority version of yesterday's forecast worked out. Bitcoin remained in the indicated range, there were several attempts to break through the resistance at 40K, but so far not been successful.
Altcoins are showing steady growth, market capitalization is above 1.7 trillion, dominance index is 42.9% and continues to fall. Ether is growing steadily, a daily high of $2850 was attained. A recent poll showed that more Americans have heard about Dogecoin than about Ethereum. According to the survey, 29% of respondents said they were familiar with Dogecoin, compared to 21% who were familiar with Ethereum. This means that we still have room to grow.
Plan for today. If we cannot break through the resistance at 40K, then we can go to 37000-35000. Departure above 40K will open the road to 42 and higher, which will be the priority forecast option. Major support levels are 38200-37000, major resistance levels are 39500-40000.
To some news, President Joe Biden's administration is considering imposing restrictions on cryptocurrencies due to strong fluctuations. Discussion around cryptocurrency guardrails that still allow investors to ‘dogecoin to their heart’s content’ White House officials were briefed by career staff members at the Treasury Department about the risks posed by cryptocurrency earlier this month, said two people familiar with the matter. The issue has also been raised in conversations with federal regulators involving the department’s Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau (CFPB), although those discussions did not involve principal-level officials such as Treasury Secretary Janet Yellen. The Treasury Department announced a plan last week to require cryptocurrency companies to provide the Internal Revenue Service with more financial information. The reporting requirements would hit firms receiving cryptocurrency with a fair market value of more than $10,000. That measure is tied up with the Biden administration’s broader tax and spending proposals, complicating its path toward passage.
“If you increase third-party reporting for currency transactions, it will help significantly with tax compliance and that’s what the Treasury is proposing,” said John Koskinen, who served as IRS commissioner in the past two administrations. “It would make a difference. The statistics are clear: The more third-party information the IRS has, the higher the rate of compliance.” Source
JPMorgan says the cryptocurrency market remains healthy despite a massive correction. Source.
Game retailer GameStop is building an NFT platform on Ethereum. Source.
Indonesia joins the global digital currency promotion and will release a national digital currency. Source.
As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge.
Bitcoin continued its growth during the day, reaching a high of $39791 on Binance exchange. It was not possible to gain a foothold above 40K and Bitcoin went down. At the time of writing this review, the main cryptocurrency is trading at around 39,100 with a total crypto market capitalization of $1.7 Trillion, btc dominance index of 42.9%
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.24%, the S&P 500 fell 0.21%, and the NASDAQ lost 0.03%. The dollar index rose 0.01% to 89.625. Gold and silver are on the rise.
For Bitcoin, the priority version of yesterday's forecast worked out. Bitcoin remained in the indicated range, there were several attempts to break through the resistance at 40K, but so far not been successful.
Altcoins are showing steady growth, market capitalization is above 1.7 trillion, dominance index is 42.9% and continues to fall. Ether is growing steadily, a daily high of $2850 was attained. A recent poll showed that more Americans have heard about Dogecoin than about Ethereum. According to the survey, 29% of respondents said they were familiar with Dogecoin, compared to 21% who were familiar with Ethereum. This means that we still have room to grow.
Plan for today. If we cannot break through the resistance at 40K, then we can go to 37000-35000. Departure above 40K will open the road to 42 and higher, which will be the priority forecast option. Major support levels are 38200-37000, major resistance levels are 39500-40000.
To some news, President Joe Biden's administration is considering imposing restrictions on cryptocurrencies due to strong fluctuations. Discussion around cryptocurrency guardrails that still allow investors to ‘dogecoin to their heart’s content’ White House officials were briefed by career staff members at the Treasury Department about the risks posed by cryptocurrency earlier this month, said two people familiar with the matter. The issue has also been raised in conversations with federal regulators involving the department’s Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau (CFPB), although those discussions did not involve principal-level officials such as Treasury Secretary Janet Yellen. The Treasury Department announced a plan last week to require cryptocurrency companies to provide the Internal Revenue Service with more financial information. The reporting requirements would hit firms receiving cryptocurrency with a fair market value of more than $10,000. That measure is tied up with the Biden administration’s broader tax and spending proposals, complicating its path toward passage.
“If you increase third-party reporting for currency transactions, it will help significantly with tax compliance and that’s what the Treasury is proposing,” said John Koskinen, who served as IRS commissioner in the past two administrations. “It would make a difference. The statistics are clear: The more third-party information the IRS has, the higher the rate of compliance.” Source
JPMorgan says the cryptocurrency market remains healthy despite a massive correction. Source.
Game retailer GameStop is building an NFT platform on Ethereum. Source.
Indonesia joins the global digital currency promotion and will release a national digital currency. Source.
As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge.
#Apple Seeks to Hire 'alternative payments' Manager with #Crypto Experience, as #PayPal works to enable #Crypto Withdrawal to External Wallets. Thoughts on the market as of 27.05. 20021
Yesterday, #Bitcoin tried several times to gain a foothold above 40K, but did not succeed and moved to a decline. A low price of $37180 which the price reached a few minutes ago on Binance exchange. At the time of this writing, Bitcoin is trading at around 37300. Total crypto market capitalization of $1.6 Trillion, with a BTC dominance index of 42.7%
The stock market ended Wednesday trading with growth. The Dow Jones climbed 0.03%, the S&P 500 gained 0.19%, and the NASDAQ rose 0.59%. Gold and oil are falling. The dollar index climbed 0.06% to 90.080.
An alternative analysis worked out yesterday on the crypto market. Everything went according to the priority scenario. Bitcoin broke through the resistance at 40K and began to move higher to a high price of 40841, but then a sell off began and we went to 37K where we are trading at that moment.
Plan for today is if we cannot stay at 37K, this may give rise to a new sell off and there may be a chance to test 36 and even 34K. A break of resistance at 39500 will open the way for us at 40K and above.
PayPal users will be able to withdraw cryptocurrency to external wallets. The news was reported by Reuters Wednesday afternoon, comes just seven months after PayPal first enabled crypto purchases on its platform. Lest we forget, back in October 2020. (https://t.me/decryptedge/35) At the time, the decision was heralded as a major milestone in mainstream recognition of digital assets. PayPal’s embrace of crypto appears to be rooted in a clearly defined strategy that sees digital-asset use cases growing rapidly over time. Cointelegraph previously reported, CEO Dan Schulman believes we will see a “tremendous decline in the use of cash” over the next decade, adding: “All form factors of payment will collapse into the mobile phone. Credit cards as a form factor will go away, and you will use your phone because a phone can add much more value than just tapping your credit card.”
Apple is seeking a business professional with more than 10 years of experience, including a five-year track record “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency” and others. Back in February this year we spoke about this (https://t.me/decryptedge/299) not a self prophecy but just connecting the dots. The job posting is compelling, Apple remains largely on the sidelines of the cryptocurrency industry and has yet to signal definitive plans for expanding into this market. Interestingly, cryptocurrency exchange Coinbase recently overtook TikTok as the most downloaded app on Apple's App Store.
Wishing you a blessed week ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge
Yesterday, #Bitcoin tried several times to gain a foothold above 40K, but did not succeed and moved to a decline. A low price of $37180 which the price reached a few minutes ago on Binance exchange. At the time of this writing, Bitcoin is trading at around 37300. Total crypto market capitalization of $1.6 Trillion, with a BTC dominance index of 42.7%
The stock market ended Wednesday trading with growth. The Dow Jones climbed 0.03%, the S&P 500 gained 0.19%, and the NASDAQ rose 0.59%. Gold and oil are falling. The dollar index climbed 0.06% to 90.080.
An alternative analysis worked out yesterday on the crypto market. Everything went according to the priority scenario. Bitcoin broke through the resistance at 40K and began to move higher to a high price of 40841, but then a sell off began and we went to 37K where we are trading at that moment.
Plan for today is if we cannot stay at 37K, this may give rise to a new sell off and there may be a chance to test 36 and even 34K. A break of resistance at 39500 will open the way for us at 40K and above.
PayPal users will be able to withdraw cryptocurrency to external wallets. The news was reported by Reuters Wednesday afternoon, comes just seven months after PayPal first enabled crypto purchases on its platform. Lest we forget, back in October 2020. (https://t.me/decryptedge/35) At the time, the decision was heralded as a major milestone in mainstream recognition of digital assets. PayPal’s embrace of crypto appears to be rooted in a clearly defined strategy that sees digital-asset use cases growing rapidly over time. Cointelegraph previously reported, CEO Dan Schulman believes we will see a “tremendous decline in the use of cash” over the next decade, adding: “All form factors of payment will collapse into the mobile phone. Credit cards as a form factor will go away, and you will use your phone because a phone can add much more value than just tapping your credit card.”
Apple is seeking a business professional with more than 10 years of experience, including a five-year track record “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency” and others. Back in February this year we spoke about this (https://t.me/decryptedge/299) not a self prophecy but just connecting the dots. The job posting is compelling, Apple remains largely on the sidelines of the cryptocurrency industry and has yet to signal definitive plans for expanding into this market. Interestingly, cryptocurrency exchange Coinbase recently overtook TikTok as the most downloaded app on Apple's App Store.
Wishing you a blessed week ahead and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #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…