People’s #Bank of #China Warns: #Stablecoins Impose Risks to the International Monetary System as #EU Mulls #AML Authority and New Rules for #Crypto Transfers, Documents Suggest. Thoughts on the market 09. 01. 2021
Bitcoin lost support at 33K during the day, after which it went down, reaching a low of 32077 on the Binance Exchange. This correction was redeemed and the price is now back to about 33K where it is currently being traded. Total Crypto Market capitalization of $1.3 Trillion and BTC dominance index of 44.9%.
The stock market ended Thursday trading with a fall. The Dow Jones fell 0.75%, the S&P 500 lost 0.86%, and the NASDAQ fell 0.72%. The dollar index dropped 0.29% to 92.373. Gold and oil rose slightly.
With another negative on the crypto market coming from China again, Bitcoin could not gain a foothold above 34K and moved to a decline, having reached almost 32K, we pushed off and moved on to growth, now we are trying to gain a foothold above 33K. Altcoins followed suit with some losing 10 to 15%.
The drain was triggered by #FUD over another ban in China. At first, the Central Bank of China called bitcoin and stablecoins speculative instruments that threaten financial security and social stability. It was then followed by news about the blocking of #Binance exchange website. You now need to use a VPN to access their services.
Lest we forget since 2017 China has been scaring everyone with cryptocurrency bans. Notably and ironically, everything continues to work and each time there is a new FUD, it has less and less influence on the market. Miners are already deploying their farms in other countries where they will pay taxes, and the exchanges can also be accessed via VPN. In any case, only China will lose from these bans. In a recent interview, the ex-Chairman of Shanghai Bank and a current deputy governor of the People’s Bank of China – Fan Yifei – opined that stablecoins may harm the global financial stability and the present payment system: “Some commercial organizations’ so-called stablecoins, especially global stablecoins, may bring risks and challenges to the international monetary system, and payments and settlement system, etc.”
The top banker added that China’s central bank is “quite worried about this issue” as he asserted that the institution has taken measures in that direction. Yifei continued with his bashing comments and referred to these digital currencies as “speculation tools,” which have the potential to endanger financial and social security.
Plan for today. If Bitcoin cannot overcome the resistance at 33000-33500, then we can again go to 32-31K. Growth and consolidation above 33K will open the way for 34 and above.
Lastly, the EU will create a new money laundering regulator and stricter cryptocurrency reporting requirements. According to documents seen by Reuters, the agency should become the “centrepiece” of an integrated supervisory system consisting also of national authorities. In the absence of a pan-European anti-money laundering body, the executive power in Brussels has so far relied mainly on national regulatory agencies to enforce its AML rules. Cooperation hasn’t always been satisfactory when it comes to stopping dirty money, the report notes. That’s why the authors of the documents insist: Money laundering, terrorist financing and organised crime remain significant problems which should be addressed at Union level.
Wishing you a great upcoming weekend. Tomorrow is our Bitcoin101. As always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
Bitcoin lost support at 33K during the day, after which it went down, reaching a low of 32077 on the Binance Exchange. This correction was redeemed and the price is now back to about 33K where it is currently being traded. Total Crypto Market capitalization of $1.3 Trillion and BTC dominance index of 44.9%.
The stock market ended Thursday trading with a fall. The Dow Jones fell 0.75%, the S&P 500 lost 0.86%, and the NASDAQ fell 0.72%. The dollar index dropped 0.29% to 92.373. Gold and oil rose slightly.
With another negative on the crypto market coming from China again, Bitcoin could not gain a foothold above 34K and moved to a decline, having reached almost 32K, we pushed off and moved on to growth, now we are trying to gain a foothold above 33K. Altcoins followed suit with some losing 10 to 15%.
The drain was triggered by #FUD over another ban in China. At first, the Central Bank of China called bitcoin and stablecoins speculative instruments that threaten financial security and social stability. It was then followed by news about the blocking of #Binance exchange website. You now need to use a VPN to access their services.
Lest we forget since 2017 China has been scaring everyone with cryptocurrency bans. Notably and ironically, everything continues to work and each time there is a new FUD, it has less and less influence on the market. Miners are already deploying their farms in other countries where they will pay taxes, and the exchanges can also be accessed via VPN. In any case, only China will lose from these bans. In a recent interview, the ex-Chairman of Shanghai Bank and a current deputy governor of the People’s Bank of China – Fan Yifei – opined that stablecoins may harm the global financial stability and the present payment system: “Some commercial organizations’ so-called stablecoins, especially global stablecoins, may bring risks and challenges to the international monetary system, and payments and settlement system, etc.”
The top banker added that China’s central bank is “quite worried about this issue” as he asserted that the institution has taken measures in that direction. Yifei continued with his bashing comments and referred to these digital currencies as “speculation tools,” which have the potential to endanger financial and social security.
Plan for today. If Bitcoin cannot overcome the resistance at 33000-33500, then we can again go to 32-31K. Growth and consolidation above 33K will open the way for 34 and above.
Lastly, the EU will create a new money laundering regulator and stricter cryptocurrency reporting requirements. According to documents seen by Reuters, the agency should become the “centrepiece” of an integrated supervisory system consisting also of national authorities. In the absence of a pan-European anti-money laundering body, the executive power in Brussels has so far relied mainly on national regulatory agencies to enforce its AML rules. Cooperation hasn’t always been satisfactory when it comes to stopping dirty money, the report notes. That’s why the authors of the documents insist: Money laundering, terrorist financing and organised crime remain significant problems which should be addressed at Union level.
Wishing you a great upcoming weekend. Tomorrow is our Bitcoin101. As always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
Good morning ...
*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.
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Time: *Jul 10, 2021 09:55 AM Nairobi*
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*- _How to Diversify Your Digital Asset Portfolio (+ Example Portfolios)_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session*
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*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.
Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *Jul 10, 2021 09:55 AM Nairobi*
BITCOIN101* - Let's learn about...
*- _How to Diversify Your Digital Asset Portfolio (+ Example Portfolios)_.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session*
Join Zoom Meeting
https://us02web.zoom.us/j/84485276576?pwd=aDNIOFpCRlNJd1dIUERnaG5Bd3dVQT09
Meeting ID: 844 8527 6576
Passcode: BITCOIN101
45% of Young #Investors aged 18 to 29 say their first Investment was in #Cryptocurrency as #Playboy Launches a #Miami #NFT. Thoughts on the market 12.07.2021
Bitcoin rolled aback to 33K over the weekend, reaching local lows of 33004 on the Binance. At the time of writing, Bitcoin is trading at around 34,300 with a dominance index of 45.3%. Total Crypto Market capitalization is at $1.42 Trillion.
Stock markets opened in different directions. As of now, S&P 500 futures are down 0.17%. Gold, silver and oil are also falling. Asian indices are showing all the growth.
Bitcoin worked out Friday's review and was trading in the specified range. The maximum to which the price reached 34666 (Binance) is now trying to stay above 34500, the main support is being formed near the 33500 zone.
I am sure that many are tired of this market situation, but this is the reality and we need to gain strength to continue growing. I still think that soon we will have a good impulse and continued growth, so the action plan remains the same - we wait.
According to a UK survey, almost half (45%) of young Britons choose cryptocurrency for their first investment, and more than 50% of them have used borrowed money for this. The poll was conducted on 1,000 UK adults, aged 18 to 29, between 21 and 25 June 2021. Cryptocurrency exposure was broken down by bitcoin, Dogecoin and ‘other crypto assets’. Bitcoin was far and away the most popular cryptocurrency. A fifth of all 18 to 29-year-olds said they had invested in bitcoin at some point, with half of these turning to debt to fund it: 23% used a credit card, 17% used a student loan and 16% used another type of loan. Meanwhile, 27% of respondents admitted to using their credit card to invest in Dogecoin, 17% said they used their student loan and 12% cited another type of loan.
Lastly, Playboy magazine has released its own NFT collection. The shared news appeared via a tweet from the company's official twitter handle.
Plan for today. If Bitcoin can overcome the resistance at 35K, then it opens up to test the strength of 36000-36500 resistance level. If we leave and fix ourselves below 34K, then again we can test 33500-33000. My personal opinion, (biased view, subject to fail). As long as bulls didn't close above $36/$41 Daily/ weekly, BTC has a high probability to go below $30K! (breakout above these levels means bulls targeting CME GAP at $48K, then there will be another crash) For Mid /long term view, Market is the bearish cycle as long as BTC didn't close above $65K weekly!
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Bitcoin rolled aback to 33K over the weekend, reaching local lows of 33004 on the Binance. At the time of writing, Bitcoin is trading at around 34,300 with a dominance index of 45.3%. Total Crypto Market capitalization is at $1.42 Trillion.
Stock markets opened in different directions. As of now, S&P 500 futures are down 0.17%. Gold, silver and oil are also falling. Asian indices are showing all the growth.
Bitcoin worked out Friday's review and was trading in the specified range. The maximum to which the price reached 34666 (Binance) is now trying to stay above 34500, the main support is being formed near the 33500 zone.
I am sure that many are tired of this market situation, but this is the reality and we need to gain strength to continue growing. I still think that soon we will have a good impulse and continued growth, so the action plan remains the same - we wait.
According to a UK survey, almost half (45%) of young Britons choose cryptocurrency for their first investment, and more than 50% of them have used borrowed money for this. The poll was conducted on 1,000 UK adults, aged 18 to 29, between 21 and 25 June 2021. Cryptocurrency exposure was broken down by bitcoin, Dogecoin and ‘other crypto assets’. Bitcoin was far and away the most popular cryptocurrency. A fifth of all 18 to 29-year-olds said they had invested in bitcoin at some point, with half of these turning to debt to fund it: 23% used a credit card, 17% used a student loan and 16% used another type of loan. Meanwhile, 27% of respondents admitted to using their credit card to invest in Dogecoin, 17% said they used their student loan and 12% cited another type of loan.
Lastly, Playboy magazine has released its own NFT collection. The shared news appeared via a tweet from the company's official twitter handle.
Plan for today. If Bitcoin can overcome the resistance at 35K, then it opens up to test the strength of 36000-36500 resistance level. If we leave and fix ourselves below 34K, then again we can test 33500-33000. My personal opinion, (biased view, subject to fail). As long as bulls didn't close above $36/$41 Daily/ weekly, BTC has a high probability to go below $30K! (breakout above these levels means bulls targeting CME GAP at $48K, then there will be another crash) For Mid /long term view, Market is the bearish cycle as long as BTC didn't close above $65K weekly!
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Fear Greed Index at Tipping Point Levels! Thoughts on the market 13. 03. 2021.
Bitcoin maintained the range of 34680-32660 in the last 24hrs. We saw several attempts to gain a foothold above 34K, but were not successful and have gone down. At the time of writing this review, Bitcoin is trading at around 33,100 with a dominance index of 45.5%. Total Crypto Market capitalization is at $1.36 Trillion.
The stock market ended Monday trading with growth. The Dow Jones rose 0.36%, reaching an all-time high, the S&P 500 rose 0.35%, and the NASDAQ rose 0.21%. Gold and oil are falling. The dollar index rose 0.13% to 92.237.
Bitcoin having not gained a foothold above 34K, it moved to a decline to 32658 on Binance exchange. We are now trying to stay at 33K. There is extreme fear in the market, the fear and greed index is at 20, the mood is exclusively short, the capitalization of the entire market has again dropped below 1.4 trillion. Back in March 2020, when the fear and greed index registered single digits we saw Bitcoin register its low price at $3,965. There is no positive at all and in order to break out of this sideways we need a breakout and consolidation above 36K.
Today it is very important to overcome the resistance at 34000, if we cannot do this, then we will go to 32K again, if we go even lower, then we will find ourselves at 30K, it is not too early to talk about a strait below 30K.
With all this negative, large investors continue to actively accumulate Bitcoin, and the balances of crypto exchanges are decreasing by 2,000 BTC daily. According to Santiment analysts, in early July, address holders with balances from 100 to 10,000 BTC increased their holdings by 60,000 BTC. What do you think, whose Bitcoins they bought and to whom will they sell them again at 60K? 😁
Remember, this not financial advice, analysis and crypto 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 🙏.
Bitcoin maintained the range of 34680-32660 in the last 24hrs. We saw several attempts to gain a foothold above 34K, but were not successful and have gone down. At the time of writing this review, Bitcoin is trading at around 33,100 with a dominance index of 45.5%. Total Crypto Market capitalization is at $1.36 Trillion.
The stock market ended Monday trading with growth. The Dow Jones rose 0.36%, reaching an all-time high, the S&P 500 rose 0.35%, and the NASDAQ rose 0.21%. Gold and oil are falling. The dollar index rose 0.13% to 92.237.
Bitcoin having not gained a foothold above 34K, it moved to a decline to 32658 on Binance exchange. We are now trying to stay at 33K. There is extreme fear in the market, the fear and greed index is at 20, the mood is exclusively short, the capitalization of the entire market has again dropped below 1.4 trillion. Back in March 2020, when the fear and greed index registered single digits we saw Bitcoin register its low price at $3,965. There is no positive at all and in order to break out of this sideways we need a breakout and consolidation above 36K.
Today it is very important to overcome the resistance at 34000, if we cannot do this, then we will go to 32K again, if we go even lower, then we will find ourselves at 30K, it is not too early to talk about a strait below 30K.
With all this negative, large investors continue to actively accumulate Bitcoin, and the balances of crypto exchanges are decreasing by 2,000 BTC daily. According to Santiment analysts, in early July, address holders with balances from 100 to 10,000 BTC increased their holdings by 60,000 BTC. What do you think, whose Bitcoins they bought and to whom will they sell them again at 60K? 😁
Remember, this not financial advice, analysis and crypto 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 🙏.
#Japanese Police Arrest 4 Men Allegedly Behind $55 Million #Crypto #Investment Scheme. Thoughts on the market 14. 07. 2021.
During the last 24hrs, Bitcoin continued to fall, to a price of $31650 on #Binance Exchange, now it has grown slightly and is trading at about 31900 with a dominance index of 46.1%. Total Crypto Market capitalization is at $1.29 Trillion. Will write about my view on this.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.31%, the S&P 500 dropped 0.35%, and the NASDAQ fell 0.38%. The volatility index rose 5.88% to 17.12. Gold and silver are on the rise. The dollar index rose 0.56% to 92.773.
With bitcoin losing its key support area of 33K yesterday, it continued its decline. Fear spread to the altcoin market as well, as a result of which most of the TOP fell by 10-15% and some fell even deeper. Ether fell below 2K and the lowest price of $1865. Market capitalization fell below 1.3 trillion dollars.
Plan for today. If today we cannot pass and gain a foothold at the level of 33,000, or better yet, 33,500, then let's go again to look for the bottom. Now the important support is at 30K, if we break through, then we can go back to 28K. Leaving and fixing above 33000-33500 will return us to 34K and above.
On #BTC dominance is an indication for a perfect buying opportunity for Alts. In the long term frame this dominance has been forming a falling wedge. Expect altcoins probably again to bleed more. Bad Luck for Alts always. It's their Fate Panic aside, the denouement is near. All this negative in no way cancels out growth in the medium term. We are waiting, now the fun begins.
Some news, four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding investors in a cryptocurrency investment scheme called the “Oz Project.” The group had amassed at least 6 billion yen (approximately $55 million). According to local media, the number of victims is between 10,000 and 20,000. They allegedly lured investors by promising them that their crypto investments would increase 2.5 times in four months. Investigators suspected that the group began duping people four years ago, holding seminars across Japan. The group allegedly told investors that their funds would be invested in cryptocurrency using an automated AI trading system, which in fact did not exist. Source: Bitcoin.com
Coming on Saturday at 10am EAT is our weekly Bitcoin101 and we shall be covering Cypto Wallets & Security. How to safely store your digital assets. Types of Crypto Wallets. Risks and mitigation.
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
During the last 24hrs, Bitcoin continued to fall, to a price of $31650 on #Binance Exchange, now it has grown slightly and is trading at about 31900 with a dominance index of 46.1%. Total Crypto Market capitalization is at $1.29 Trillion. Will write about my view on this.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.31%, the S&P 500 dropped 0.35%, and the NASDAQ fell 0.38%. The volatility index rose 5.88% to 17.12. Gold and silver are on the rise. The dollar index rose 0.56% to 92.773.
With bitcoin losing its key support area of 33K yesterday, it continued its decline. Fear spread to the altcoin market as well, as a result of which most of the TOP fell by 10-15% and some fell even deeper. Ether fell below 2K and the lowest price of $1865. Market capitalization fell below 1.3 trillion dollars.
Plan for today. If today we cannot pass and gain a foothold at the level of 33,000, or better yet, 33,500, then let's go again to look for the bottom. Now the important support is at 30K, if we break through, then we can go back to 28K. Leaving and fixing above 33000-33500 will return us to 34K and above.
On #BTC dominance is an indication for a perfect buying opportunity for Alts. In the long term frame this dominance has been forming a falling wedge. Expect altcoins probably again to bleed more. Bad Luck for Alts always. It's their Fate Panic aside, the denouement is near. All this negative in no way cancels out growth in the medium term. We are waiting, now the fun begins.
Some news, four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding investors in a cryptocurrency investment scheme called the “Oz Project.” The group had amassed at least 6 billion yen (approximately $55 million). According to local media, the number of victims is between 10,000 and 20,000. They allegedly lured investors by promising them that their crypto investments would increase 2.5 times in four months. Investigators suspected that the group began duping people four years ago, holding seminars across Japan. The group allegedly told investors that their funds would be invested in cryptocurrency using an automated AI trading system, which in fact did not exist. Source: Bitcoin.com
Coming on Saturday at 10am EAT is our weekly Bitcoin101 and we shall be covering Cypto Wallets & Security. How to safely store your digital assets. Types of Crypto Wallets. Risks and mitigation.
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
#US: #CBDC Report Coming in Early September as #BlackRock CEO Says Company Sees Very Little Demand On #Crypto. Thoughts on the market 15. 07. 2021
#Bitcoin was moving in the range of 33100-31500 during the day. The correction to 31K was quickly redeemed and Bitcoin moved to growth, at the time of writing the review, Bitcoin is trading at about 32,700 and a dominance index of 45.8%. Total Crypto Market capitalization of $1.340 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones climbed 0.13%, the S&P 500 climbed 0.12%, and the NASDAQ fell 0.22%. Gold Futures for August delivery was up 1.03% or 18.65 to $ 1,828.55 a troy ounce. The dollar index dropped 0.44% to 92.352.
Bitcoin yesterday failed to gain a foothold above the resistance of 33K and moved to a low price of 31550 on #Binance exchange was reached. What followed was a rebound to above 33K and again a fall to 32K where we are trading at the moment. We continue to move in the same wide range.
Plan for today. If Bitcoin does not return above the resistance level of 33K, then this may give rise to a new sell off, the main support is now at 31500, if we break it, then we can go to 30K. Leaving and consolidating above 33,000 will provide opportunities for new growth.
At the backdrop of some news, $ 9.49 trillion asset manager and CEO of BlackRock Lawrence Fink says the company sees no demand for the cryptocurrency. According to the Bloomberg Terminal, Laurence Fink, the chief of the BlackRock asset management fund shared with the media that the company does not see any significant demand from institutional investors for digital assets such as Bitcoin, Ethereum or other top 10 cryptocurrencies. U.Today previously reported Fink stated that Bitcoin may become a store of value; however, there are some issues that may make this unlikely to happen. As possible barriers to that, he mentioned a small market for Bitcoin: high volatility and the fact that it is still untested.
Lastly, the Chairman of the Federal Reserve of the United States, Jerome Powell, said that the country is working on a publisher’s report on digital currencies. The incoming report would focus on digital payments “broadly.” Per his words, this also includes stablecoins, crypto-assets, and central bank digital currencies (#CBDCs). We’re going to address digital payments broadly. It means stablecoins, it means crypto-assets, it means a CBDC. That whole group of issues and payment mechanisms, which we think is really at a critical point in terms of regulations.
Wil be looking forward to this. Source Yahoo | U.Today.
Reminder that on Saturday 10am EAT we have our weekly #Bitcoin101 and shall be covering #Crypto Wallets & Security. How to safely store your digital assets. Types of Crypto Wallets. Risks and mitigation.
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
#Bitcoin was moving in the range of 33100-31500 during the day. The correction to 31K was quickly redeemed and Bitcoin moved to growth, at the time of writing the review, Bitcoin is trading at about 32,700 and a dominance index of 45.8%. Total Crypto Market capitalization of $1.340 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones climbed 0.13%, the S&P 500 climbed 0.12%, and the NASDAQ fell 0.22%. Gold Futures for August delivery was up 1.03% or 18.65 to $ 1,828.55 a troy ounce. The dollar index dropped 0.44% to 92.352.
Bitcoin yesterday failed to gain a foothold above the resistance of 33K and moved to a low price of 31550 on #Binance exchange was reached. What followed was a rebound to above 33K and again a fall to 32K where we are trading at the moment. We continue to move in the same wide range.
Plan for today. If Bitcoin does not return above the resistance level of 33K, then this may give rise to a new sell off, the main support is now at 31500, if we break it, then we can go to 30K. Leaving and consolidating above 33,000 will provide opportunities for new growth.
At the backdrop of some news, $ 9.49 trillion asset manager and CEO of BlackRock Lawrence Fink says the company sees no demand for the cryptocurrency. According to the Bloomberg Terminal, Laurence Fink, the chief of the BlackRock asset management fund shared with the media that the company does not see any significant demand from institutional investors for digital assets such as Bitcoin, Ethereum or other top 10 cryptocurrencies. U.Today previously reported Fink stated that Bitcoin may become a store of value; however, there are some issues that may make this unlikely to happen. As possible barriers to that, he mentioned a small market for Bitcoin: high volatility and the fact that it is still untested.
Lastly, the Chairman of the Federal Reserve of the United States, Jerome Powell, said that the country is working on a publisher’s report on digital currencies. The incoming report would focus on digital payments “broadly.” Per his words, this also includes stablecoins, crypto-assets, and central bank digital currencies (#CBDCs). We’re going to address digital payments broadly. It means stablecoins, it means crypto-assets, it means a CBDC. That whole group of issues and payment mechanisms, which we think is really at a critical point in terms of regulations.
Wil be looking forward to this. Source Yahoo | U.Today.
Reminder that on Saturday 10am EAT we have our weekly #Bitcoin101 and shall be covering #Crypto Wallets & Security. How to safely store your digital assets. Types of Crypto Wallets. Risks and mitigation.
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
PayPal increases Weekly Cryptocurrency Purchase Limit Fivefold to $100,000 as Jack Dorsey Announces Bitcoin-Focused Business Division at Square.Thoughts on the market 16.07.2021
Bitcoin moved in the range of 33180-31130 during the day. An attempt to gain a foothold above 32K yesterday did not lead to success and Bitcoin went down. At the time of this writing, Bitcoin is trading at around 31,900 with a dominance index of 45.5%. Total Crypto Market capitalization $1.3 Trillion.
The stock market finished trading on Thursday in different directions. The Dow Jones climbed 0.15%, the S&P 500 fell 0.33%, and the NASDAQ fell 0.70%. Gold and silver are up, oil is slightly lower. The USD Index rose 0.19% to 92.578.
There is no particular positive on the crypto market either. Bitcoin continued its decline, the minimum to which was reached was 31133 on #Binance Exchange , now we are gradually growing back. There is no positive, and if there is, we will feel it either at the end of August or at the beginning of September, so the only correct decision in such a market is to remain calm and not give in to panic.
The plan for today is the same as yesterday. If Bitcoin does not return above the resistance level of 33K, then again we will start looking for the bottom, the main support is now at 31200, if we break it, then we can go to 30K. Leaving and consolidating above 33,000 will provide opportunities for new growth.
PayPal now increases the cryptocurrency purchase limit to $ 100,000 per week. The company said the move was aimed at giving users "more choice and flexibility when buying cryptocurrency." Source | Cointelegraph.
Twitter and Square CEO Jack Dorsey has announced plans to create a new development platform with a focus on Bitcoin. In a tweet, Dorsey wrote that the new service will be a subset of Square, alongside Tidal, Seller, and Cash App, and will facilitate "non-custodial, permissionless, and decentralized financial services" with a focus on Bitcoin.
Some other news, Binance, which has come under fire for its compliance standards in recent weeks, has been shut out of activity in Italy now, according to that country’s market watchdog, Consob, Reuters reported. A Binance spokesperson said the company didn’t work out of Italy anyway and the company wants to collaborate with regulators, according to Reuters.
Lastly Bitcoin may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears to have made a U-turn on the world’s first and best-known cryptocurrency. Mnuchin: Bitcoin stance has “evolved a little” “I think my view has evolved a little bit, but it is pretty consistent,” he told the network. “The first part of it is I think the underlying technology of blockchain is really incredible and has lots of different things, particularly in fintech and finance. I think as it relates to Bitcoin — if people want to buy Bitcoin as a substitute, no different from buying gold or some other asset — it’s fine.”
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Bitcoin moved in the range of 33180-31130 during the day. An attempt to gain a foothold above 32K yesterday did not lead to success and Bitcoin went down. At the time of this writing, Bitcoin is trading at around 31,900 with a dominance index of 45.5%. Total Crypto Market capitalization $1.3 Trillion.
The stock market finished trading on Thursday in different directions. The Dow Jones climbed 0.15%, the S&P 500 fell 0.33%, and the NASDAQ fell 0.70%. Gold and silver are up, oil is slightly lower. The USD Index rose 0.19% to 92.578.
There is no particular positive on the crypto market either. Bitcoin continued its decline, the minimum to which was reached was 31133 on #Binance Exchange , now we are gradually growing back. There is no positive, and if there is, we will feel it either at the end of August or at the beginning of September, so the only correct decision in such a market is to remain calm and not give in to panic.
The plan for today is the same as yesterday. If Bitcoin does not return above the resistance level of 33K, then again we will start looking for the bottom, the main support is now at 31200, if we break it, then we can go to 30K. Leaving and consolidating above 33,000 will provide opportunities for new growth.
PayPal now increases the cryptocurrency purchase limit to $ 100,000 per week. The company said the move was aimed at giving users "more choice and flexibility when buying cryptocurrency." Source | Cointelegraph.
Twitter and Square CEO Jack Dorsey has announced plans to create a new development platform with a focus on Bitcoin. In a tweet, Dorsey wrote that the new service will be a subset of Square, alongside Tidal, Seller, and Cash App, and will facilitate "non-custodial, permissionless, and decentralized financial services" with a focus on Bitcoin.
Some other news, Binance, which has come under fire for its compliance standards in recent weeks, has been shut out of activity in Italy now, according to that country’s market watchdog, Consob, Reuters reported. A Binance spokesperson said the company didn’t work out of Italy anyway and the company wants to collaborate with regulators, according to Reuters.
Lastly Bitcoin may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears to have made a U-turn on the world’s first and best-known cryptocurrency. Mnuchin: Bitcoin stance has “evolved a little” “I think my view has evolved a little bit, but it is pretty consistent,” he told the network. “The first part of it is I think the underlying technology of blockchain is really incredible and has lots of different things, particularly in fintech and finance. I think as it relates to Bitcoin — if people want to buy Bitcoin as a substitute, no different from buying gold or some other asset — it’s fine.”
Wishing you a good day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
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- How to safely store your Digital Assets,
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Join Zoom Meeting
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#IMF, #World Bank, #BIS Recommend Countries Work Together on #CBDCs to Enhance Cross-Border Payments. Where is the #CryptoMarket Heading?..Thoughts on the market 19.07.2021
Bitcoin moved in the range of 32400-31100 over the weekend with several attempts to gain a foothold above 32K, but to no success. At the time of writing this review, #Bitcoin is trading at about 31,700 with a dominance index of 47.0% Total Market capitalization of $1.26 Trillion.
Stock markets opened lower. At the moment, futures for the S&P 500 are in the red by 0.33%, Asian indices have dipped, gold, silver and oil are falling. Everything is red.
On the crypto market, nothing has changed much since Friday. We are still bouncing off in the same range, the fear index is at its maximum levels, the news background is mostly negative. At the same time, accumulation is in full swing, large investors are actively buying, exchange reserves continue to decline both in bitcoin and Etherum. https://t.me/decryptedge/632
Plan for today. The main thing is not to go below 31K, closing below this level will lead the price to 30K, and in case of a breakdown of 30K, we can go to 28-26K. Leaving and fixing above 32K will open the way for 33K and above.
Lastly to some news, the International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. The joint report titled “Central bank digital currencies for cross-border payments,”explains that “Cross-border payments are commonly criticized for their high cost, low speed, limited access, and insufficient transparency.” To address these challenges, the G20 countries endorsed a roadmap in October last year. It was developed by the Financial Stability Board (FSB) and other relevant standard-setting bodies. The main conclusion of the joint report: Central bank digital currencies (CBDCs) have the potential to enhance the efficiency of cross-border payments, as long as countries work together.
Many central #banks are currently investigating risks, benefits, and various designs of CBDCs, the report details, noting no major jurisdiction has launched a CBDC so far and many design and policy decisions are still unresolved. Some central banks are already in the testing phase, such as China. Source | News.Bitcoin. If you want a copy of this report let us know.
So to summarise, this still holds true: https://t.me/decryptedge/630 (Bullish term) 📈
Breakout $36K will be the first sign of bulls to show their power and the desire to acquire movement and by closing above $41/42K this will be clear confirmation. Probably breakout $36K Daily will be a sign. (Bearish term) 📉 IF Bears break down $31/$29K with closing daily below, we can see prices crashing to these new lows at $26/24/22K! (maybe lower)!
Our biased view, and subject to failure as long as bulls didn't close above $36/$41 Daily/weekly BTC will go below $30K! (breakout these levels means bulls targeting CME GAP at $48K, then there will be another crash). Mid /long term view) Market in the bearish cycle as long as BTC didn't close above $65K weekly!
Wishing you a great week ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Bitcoin moved in the range of 32400-31100 over the weekend with several attempts to gain a foothold above 32K, but to no success. At the time of writing this review, #Bitcoin is trading at about 31,700 with a dominance index of 47.0% Total Market capitalization of $1.26 Trillion.
Stock markets opened lower. At the moment, futures for the S&P 500 are in the red by 0.33%, Asian indices have dipped, gold, silver and oil are falling. Everything is red.
On the crypto market, nothing has changed much since Friday. We are still bouncing off in the same range, the fear index is at its maximum levels, the news background is mostly negative. At the same time, accumulation is in full swing, large investors are actively buying, exchange reserves continue to decline both in bitcoin and Etherum. https://t.me/decryptedge/632
Plan for today. The main thing is not to go below 31K, closing below this level will lead the price to 30K, and in case of a breakdown of 30K, we can go to 28-26K. Leaving and fixing above 32K will open the way for 33K and above.
Lastly to some news, the International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. The joint report titled “Central bank digital currencies for cross-border payments,”explains that “Cross-border payments are commonly criticized for their high cost, low speed, limited access, and insufficient transparency.” To address these challenges, the G20 countries endorsed a roadmap in October last year. It was developed by the Financial Stability Board (FSB) and other relevant standard-setting bodies. The main conclusion of the joint report: Central bank digital currencies (CBDCs) have the potential to enhance the efficiency of cross-border payments, as long as countries work together.
Many central #banks are currently investigating risks, benefits, and various designs of CBDCs, the report details, noting no major jurisdiction has launched a CBDC so far and many design and policy decisions are still unresolved. Some central banks are already in the testing phase, such as China. Source | News.Bitcoin. If you want a copy of this report let us know.
So to summarise, this still holds true: https://t.me/decryptedge/630 (Bullish term) 📈
Breakout $36K will be the first sign of bulls to show their power and the desire to acquire movement and by closing above $41/42K this will be clear confirmation. Probably breakout $36K Daily will be a sign. (Bearish term) 📉 IF Bears break down $31/$29K with closing daily below, we can see prices crashing to these new lows at $26/24/22K! (maybe lower)!
Our biased view, and subject to failure as long as bulls didn't close above $36/$41 Daily/weekly BTC will go below $30K! (breakout these levels means bulls targeting CME GAP at $48K, then there will be another crash). Mid /long term view) Market in the bearish cycle as long as BTC didn't close above $65K weekly!
Wishing you a great week ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
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Fear Greed Index at Tipping Point Levels! Thoughts on the market 13. 03. 2021.
Bitcoin maintained the range of 34680-32660 in the last 24hrs. We saw several attempts to gain a foothold above 34K, but were not successful and have gone down. At the time of…
Bitcoin maintained the range of 34680-32660 in the last 24hrs. We saw several attempts to gain a foothold above 34K, but were not successful and have gone down. At the time of…
#CBDC’s Wars #US Senators Ask Team #USA to Boycott China’s Digital Yuan at 2022 Olympics
Thoughts on the market 20. 07. 2021.
Bitcoin lost support at 30K and moved to a decline, to a low price of 29501 on #Binance Exchange. At the time of writing, Bitcoin is trading at 29,600 with a dominance index of 46.6%. Total Crypto Market capitalization of $1.194 Trillion.
The stock market ended Monday trading with a fall. The Dow Jones fell 2.09%, the S&P 500 fell 1.58%, and the NASDAQ fell 1.06%. The CBOE Volatility Index (an indicator of Wall Street fear), which is based on the performance of options trading on the S&P 500, rose 21.95%, reaching a new monthly high. Gold, silver, oil all fall and everything is red. The dollar index rose 0.17% to 92.845.
Markets are falling amid news of rising morbidity and mortality from a new strain of coronavirus - delta, raising fears for a further recovery in the global economy. On the crypto market is also negative, since #Bitcoin could not stay above the key support zone of 30K. It went down to a bottom of 29500. We can go even lower, or we may not go and the growth will start right from here. Back in early July, I wrote that it doesn't really matter to what price Bitcoin falls to 25 or 20K, in terms of its properties, advantages and prospects, it does not differ in any way from Bitcoin at 60K, only now there are more attractive prices for us and the main thing is not to miss such capabilities.
Plan for today. If we cannot return to the important support zone at 30K, then we can continue to fall to 28-26K, leaving and consolidation above 30K will provide opportunities for growth.
To some news, three senators are calling on the U.S. national team to effectively boycott China’s digital currency at the 2022 Winter Olympics in Beijing. Republicans Marsha Blackburn, Cynthia Lummis and Roger Wicker said in a Monday letter to the U.S. Olympic Committee leadership, citing privacy concerns. We cannot allow America’s athletes to be used as a trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” said Senator Cynthia Lummis. #China, which in February 2022 will host the winter games, is in the midst of debuting its e-CNY digital currency, by far the most advanced central bank digital currency (CBDC) project in the world. Last week the People’s Bank of China confirmed travelers will be allowed to open digital wallets while visiting the country.
That’s got the three republicans fearful that China’s commnist regime might attempt to exploit the e-CNY as a surveillance tool. “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale, with the hopes that they will maintain digital yuan wallets on their smartphones and continue to use it upon return,” they wrote to Olympic Committee board chair Suzanne Lyons. A representative for U.S. Olympic Committee did not immediately respond to CoinDesk who published this news.
Wishing you a great day ahead and remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. To our muslim brothers and sisters, #Decryptedge wishes you and your family a very joyful Eid. May Allah accept all your prayers and forgive all your faults. Eid Mubarak! 🙏.
Thoughts on the market 20. 07. 2021.
Bitcoin lost support at 30K and moved to a decline, to a low price of 29501 on #Binance Exchange. At the time of writing, Bitcoin is trading at 29,600 with a dominance index of 46.6%. Total Crypto Market capitalization of $1.194 Trillion.
The stock market ended Monday trading with a fall. The Dow Jones fell 2.09%, the S&P 500 fell 1.58%, and the NASDAQ fell 1.06%. The CBOE Volatility Index (an indicator of Wall Street fear), which is based on the performance of options trading on the S&P 500, rose 21.95%, reaching a new monthly high. Gold, silver, oil all fall and everything is red. The dollar index rose 0.17% to 92.845.
Markets are falling amid news of rising morbidity and mortality from a new strain of coronavirus - delta, raising fears for a further recovery in the global economy. On the crypto market is also negative, since #Bitcoin could not stay above the key support zone of 30K. It went down to a bottom of 29500. We can go even lower, or we may not go and the growth will start right from here. Back in early July, I wrote that it doesn't really matter to what price Bitcoin falls to 25 or 20K, in terms of its properties, advantages and prospects, it does not differ in any way from Bitcoin at 60K, only now there are more attractive prices for us and the main thing is not to miss such capabilities.
Plan for today. If we cannot return to the important support zone at 30K, then we can continue to fall to 28-26K, leaving and consolidation above 30K will provide opportunities for growth.
To some news, three senators are calling on the U.S. national team to effectively boycott China’s digital currency at the 2022 Winter Olympics in Beijing. Republicans Marsha Blackburn, Cynthia Lummis and Roger Wicker said in a Monday letter to the U.S. Olympic Committee leadership, citing privacy concerns. We cannot allow America’s athletes to be used as a trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” said Senator Cynthia Lummis. #China, which in February 2022 will host the winter games, is in the midst of debuting its e-CNY digital currency, by far the most advanced central bank digital currency (CBDC) project in the world. Last week the People’s Bank of China confirmed travelers will be allowed to open digital wallets while visiting the country.
That’s got the three republicans fearful that China’s commnist regime might attempt to exploit the e-CNY as a surveillance tool. “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale, with the hopes that they will maintain digital yuan wallets on their smartphones and continue to use it upon return,” they wrote to Olympic Committee board chair Suzanne Lyons. A representative for U.S. Olympic Committee did not immediately respond to CoinDesk who published this news.
Wishing you a great day ahead and remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. To our muslim brothers and sisters, #Decryptedge wishes you and your family a very joyful Eid. May Allah accept all your prayers and forgive all your faults. Eid Mubarak! 🙏.