#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! 🙏.
Thoughts on the market 21.07. 2021
My apologies for posting this late, I wrote but didn't share it!
Bitcoin updated its lows of 29278 on Binance Exchange. This correction was nonetheless gradually bought out and bitcoin moved to growth. At the time of this writing, the main cryptocurrency is trading around 31,618 with a dominance index of 47.0%. Total Crypto Market capitalization is at $1.195 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones rose 1.62%, the S&P 500 rose 1.52%, and the NASDAQ rose 1.57%. Gold, silver and oil are also on the rise. More information about the markets will be on our stock channel.
There are also some positives on the crypto market, Bitcoin was able to return above the support zone of 30K, which is very important for us and now we are trying to gain a foothold there. There are fewer and fewer sellers who want to drop their cue ball below 30K, accumulation is in full swing, stocks on exchanges continue to evaporate, and this is a clear sign of an imminent trend reversal. In 3 months, those who sell today at 30K will again buy it at 50-70K.
Plan for today. If we can keep 30,000, or better 30,600, we can get an impulse to recover to 31K and above. Moving below 30K will bring us back to the recent low at 29300, a break below that level would lead to 28K.
Some news Summary: The European Commission is trying to block large anonymous cryptocurrency transfers in order to restrict money laundering activities. Cryptocurrency service providers will be required to record the name, address, date of birth and account number of the sender, as well as the name of the recipient. Talk about regulation!
JP Morgan's CEO of Asset Management confirms that the majority of clients view Bitcoin as an asset class. I have honestly lost count of their constant change of tact.
According to the study, most institutional investors are willing to buy digital assets. A source.
The FTX exchange broke a record for cryptocurrency funding by raising $ 900 million. FTX is now worth $ 18 billion. A source.
Popular grooming product maker Ax is set to release a limited edition Dogecoin body spray called Dogecan. A source.
That's all for today.
#NFA. (Not Financial Advice)
My apologies for posting this late, I wrote but didn't share it!
Bitcoin updated its lows of 29278 on Binance Exchange. This correction was nonetheless gradually bought out and bitcoin moved to growth. At the time of this writing, the main cryptocurrency is trading around 31,618 with a dominance index of 47.0%. Total Crypto Market capitalization is at $1.195 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones rose 1.62%, the S&P 500 rose 1.52%, and the NASDAQ rose 1.57%. Gold, silver and oil are also on the rise. More information about the markets will be on our stock channel.
There are also some positives on the crypto market, Bitcoin was able to return above the support zone of 30K, which is very important for us and now we are trying to gain a foothold there. There are fewer and fewer sellers who want to drop their cue ball below 30K, accumulation is in full swing, stocks on exchanges continue to evaporate, and this is a clear sign of an imminent trend reversal. In 3 months, those who sell today at 30K will again buy it at 50-70K.
Plan for today. If we can keep 30,000, or better 30,600, we can get an impulse to recover to 31K and above. Moving below 30K will bring us back to the recent low at 29300, a break below that level would lead to 28K.
Some news Summary: The European Commission is trying to block large anonymous cryptocurrency transfers in order to restrict money laundering activities. Cryptocurrency service providers will be required to record the name, address, date of birth and account number of the sender, as well as the name of the recipient. Talk about regulation!
JP Morgan's CEO of Asset Management confirms that the majority of clients view Bitcoin as an asset class. I have honestly lost count of their constant change of tact.
According to the study, most institutional investors are willing to buy digital assets. A source.
The FTX exchange broke a record for cryptocurrency funding by raising $ 900 million. FTX is now worth $ 18 billion. A source.
Popular grooming product maker Ax is set to release a limited edition Dogecoin body spray called Dogecan. A source.
That's all for today.
#NFA. (Not Financial Advice)
#Bitcoin Making Inroads With Younger # U.S. InvestorsThoughts on the #Crypto market 23. 07. 2021.
#Bitcoin moved in the range of 32590-31700 during the day. Corrections to 31K were quickly redeemed and Bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 32,700, with a dominance index of 45.6%. Total Crypto Market capitalization stands at $1.34 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones climbed 0.07%, the S&P 500 climbed 0.20%, and the NASDAQ rose 0.36%. The dollar index rose 0.12% to 92.873. Gold and oil continue to rise. The volatility index fell 1.23% to 17.69.
Despite everything being good on the crypto market, Bitcoin was able to stay above 32500 and went further, but there was not enough strength to overcome the resistance at 33000, a high price reached a few hours ago was 32,799 on #Binance. Market capitalization has returned above 1.3 trillion, altcoins are reviving and showing steady growth.
Plan for today. Bitcoin is in the range of 30,000-34,000, an alternative option is a Bitcoin strait below 30,000, in which case another test of 29-28K is possible.
To some news, a study by global analytics and consulting firm Gallup found that the number of US investors holding Bitcoin has tripled since 2018. The survey revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years. STORY HIGHLIGHTS
6% of U.S. investors now own bitcoin, up from 2% in 2018
13% of investors younger than 50 own it, versus 3% of older investors
Concern that bitcoin is "very risky" has declined
Full read: https://news.gallup.com/poll/352508/bitcoin-making-inroads-younger-investors.aspx
Wishing you a great day ahead and remember you must always do your own research. This is not traditional investment or financial advice.
#Bitcoin moved in the range of 32590-31700 during the day. Corrections to 31K were quickly redeemed and Bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 32,700, with a dominance index of 45.6%. Total Crypto Market capitalization stands at $1.34 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones climbed 0.07%, the S&P 500 climbed 0.20%, and the NASDAQ rose 0.36%. The dollar index rose 0.12% to 92.873. Gold and oil continue to rise. The volatility index fell 1.23% to 17.69.
Despite everything being good on the crypto market, Bitcoin was able to stay above 32500 and went further, but there was not enough strength to overcome the resistance at 33000, a high price reached a few hours ago was 32,799 on #Binance. Market capitalization has returned above 1.3 trillion, altcoins are reviving and showing steady growth.
Plan for today. Bitcoin is in the range of 30,000-34,000, an alternative option is a Bitcoin strait below 30,000, in which case another test of 29-28K is possible.
To some news, a study by global analytics and consulting firm Gallup found that the number of US investors holding Bitcoin has tripled since 2018. The survey revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years. STORY HIGHLIGHTS
6% of U.S. investors now own bitcoin, up from 2% in 2018
13% of investors younger than 50 own it, versus 3% of older investors
Concern that bitcoin is "very risky" has declined
Full read: https://news.gallup.com/poll/352508/bitcoin-making-inroads-younger-investors.aspx
Wishing you a great day ahead and remember you must always do your own research. This is not traditional investment or financial advice.
Gallup.com
Bitcoin Making Inroads With Younger U.S. Investors
U.S. investors' awareness of bitcoin and their interest in buying it have increased since 2018. The shifts are particularly notable among investors under 50.
Good morning .... as i wish you a great weekend. Lets connect @10am.
https://us02web.zoom.us/j/89107935529?pwd=VW1kSUNXL1k2ODNzK2tzcnNvMDA3dz09
Meeting ID: 891 0793 5529
Passcode: BITCOIN101
https://us02web.zoom.us/j/89107935529?pwd=VW1kSUNXL1k2ODNzK2tzcnNvMDA3dz09
Meeting ID: 891 0793 5529
Passcode: BITCOIN101
Number of Cryptocurrency ATM Locations Soars Past 24K Worldwide. Thoughts on the market 26.07. 2021
Bitcoin continued its growth over the weekend, to a high of $39799 on the Binance Exchange. It has not yet been possible to gain a foothold above this level and Bitcoin moved to a decline. At the time of this writing, the main cryptocurrency is trading at around 38,300 with a dominance index of 47.1% and total Crypto Market capitalization of $1.5 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in the red by 0.31%, Asian futures are trading in different directions, gold and silver are growing.
Bitcoin had a pretty tumultuous weekend as it should be. On Saturday and Sunday, it traded around 34K, reaching lows of 33500, this morning began a sharp recovery to a high of 39799. Altcoins are taking off along with the main cryptocurrency, some are showing growth of 20-25%, the capitalization of the entire market has returned above 1.5 trillion dollars.
There is positive in the crypto market, after #Amazon published a vacancy on Friday about looking for a specialist in cryptocurrency, information appears today that the company is going to start accepting payments in bitcoin by the end of this year. The directive comes from Jeff Bezos himself. This is not even August and September, it is during this period that I expect full-scale wars between exchanges and services for crypto customers. The opportunity to advertise in the Google search engine will provide simply colossal opportunities and an influx of new users into the industry.
It would be nice today to gain a foothold at 40K and there is every reason for this, unless of course some new Chinese FUD comes out or from somewhere else. Plan for today. If we can overcome the nearest resistance at 39,500, then we will storm 40,000 levels. Closing above this level will lead us to 42,000 and above. Departure below 39500 will bring us back to 37000-36000. Zooming out: https://t.me/decryptedge/643
According to the cryptocurrency ATM tracking website Coinatmradar, the total number of ATMs worldwide has exceeded 24,000, and the machines are located in 75 countries around the world. The US tops the list with 21,161 ATMs, followed by Canada with 1698 and the UK with 174 locations. Source. Lastly, the head of Robinhood called cryptocurrencies the basis for the future development of the company. Robinhood CEO Vlad Tenev announced Saturday that crypto is a lynchpin of the retail investment app's future, and a wallet could be in the works. "We've been doing a lot of work behind the scenes to provide our crypto customers with the functionality that they've been asking for," he said. "We know you want wallets." Users can expect a beta release of new crypto features at "some point," he said, but did not provide any further timeline. It's a more tentative proclamation than he's previously made. Back in March, Tenev promised users a crypto wallet "as fast as possible."
Wishing you a great day ahead and remember you must always do your own research. This is not traditional investment or financial advice. #DecryptEdge.
Bitcoin continued its growth over the weekend, to a high of $39799 on the Binance Exchange. It has not yet been possible to gain a foothold above this level and Bitcoin moved to a decline. At the time of this writing, the main cryptocurrency is trading at around 38,300 with a dominance index of 47.1% and total Crypto Market capitalization of $1.5 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in the red by 0.31%, Asian futures are trading in different directions, gold and silver are growing.
Bitcoin had a pretty tumultuous weekend as it should be. On Saturday and Sunday, it traded around 34K, reaching lows of 33500, this morning began a sharp recovery to a high of 39799. Altcoins are taking off along with the main cryptocurrency, some are showing growth of 20-25%, the capitalization of the entire market has returned above 1.5 trillion dollars.
There is positive in the crypto market, after #Amazon published a vacancy on Friday about looking for a specialist in cryptocurrency, information appears today that the company is going to start accepting payments in bitcoin by the end of this year. The directive comes from Jeff Bezos himself. This is not even August and September, it is during this period that I expect full-scale wars between exchanges and services for crypto customers. The opportunity to advertise in the Google search engine will provide simply colossal opportunities and an influx of new users into the industry.
It would be nice today to gain a foothold at 40K and there is every reason for this, unless of course some new Chinese FUD comes out or from somewhere else. Plan for today. If we can overcome the nearest resistance at 39,500, then we will storm 40,000 levels. Closing above this level will lead us to 42,000 and above. Departure below 39500 will bring us back to 37000-36000. Zooming out: https://t.me/decryptedge/643
According to the cryptocurrency ATM tracking website Coinatmradar, the total number of ATMs worldwide has exceeded 24,000, and the machines are located in 75 countries around the world. The US tops the list with 21,161 ATMs, followed by Canada with 1698 and the UK with 174 locations. Source. Lastly, the head of Robinhood called cryptocurrencies the basis for the future development of the company. Robinhood CEO Vlad Tenev announced Saturday that crypto is a lynchpin of the retail investment app's future, and a wallet could be in the works. "We've been doing a lot of work behind the scenes to provide our crypto customers with the functionality that they've been asking for," he said. "We know you want wallets." Users can expect a beta release of new crypto features at "some point," he said, but did not provide any further timeline. It's a more tentative proclamation than he's previously made. Back in March, Tenev promised users a crypto wallet "as fast as possible."
Wishing you a great day ahead and remember you must always do your own research. This is not traditional investment or financial advice. #DecryptEdge.
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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…
Bitcoin moved in the range of 32400-31100 over the weekend with several attempts…
#Crypto Thoughts on the market 27.07. 2021
#Bitcoin lost support at the 40K level during the day, after which it went down, to a low of 36630 on the Binance Exchange. Bitcoin is currently trading around 36,800 with a dominance index of 47.6%. Total Crypto Market Capitalization of $1.45 Trillion.
The stock market closed Monday trading with a slight increase. The Dow Jones rose 0.24%, the S&P 500 also climbed 0.24%, the NASDAQ climbed + 0.03%. Gold and silver dipped slightly, oil is growing.
In the #cryptomarket, it worked out the option with a departure of 36,000, although at first everything went according to plan in the direction of growth, we were even able to overcome the resistance at 40,000 and 40,500 to a price of 40550, but then an Amazon representative appeared and said that the company had no plans to accept cryptocurrency yet. Everything turned around, Bitcoin fell by 36K, market capitalization fell below 1.5 trillion, and the media again began to shout about a bearish trend.
Later an #amazon spokesman did not deny that the company was looking into crypto payments and added, verbatim, "We are still focused on exploring what this might look like for customers shopping on Amazon."
I think that after the news of the admission spread all over the world and was perceived as a positive moment, Amazon will make the right choice and as soon as possible.
Plan for today. If we cannot return above 38000, or better 38500, then we can continue moving down to 36000 and 35000. Leaving and consolidating above 38000-38500 will open the way for 40,000 and above.
Lest we forget: 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 lost support at the 40K level during the day, after which it went down, to a low of 36630 on the Binance Exchange. Bitcoin is currently trading around 36,800 with a dominance index of 47.6%. Total Crypto Market Capitalization of $1.45 Trillion.
The stock market closed Monday trading with a slight increase. The Dow Jones rose 0.24%, the S&P 500 also climbed 0.24%, the NASDAQ climbed + 0.03%. Gold and silver dipped slightly, oil is growing.
In the #cryptomarket, it worked out the option with a departure of 36,000, although at first everything went according to plan in the direction of growth, we were even able to overcome the resistance at 40,000 and 40,500 to a price of 40550, but then an Amazon representative appeared and said that the company had no plans to accept cryptocurrency yet. Everything turned around, Bitcoin fell by 36K, market capitalization fell below 1.5 trillion, and the media again began to shout about a bearish trend.
Later an #amazon spokesman did not deny that the company was looking into crypto payments and added, verbatim, "We are still focused on exploring what this might look like for customers shopping on Amazon."
I think that after the news of the admission spread all over the world and was perceived as a positive moment, Amazon will make the right choice and as soon as possible.
Plan for today. If we cannot return above 38000, or better 38500, then we can continue moving down to 36000 and 35000. Leaving and consolidating above 38000-38500 will open the way for 40,000 and above.
Lest we forget: 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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KryptoEdge
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…
Bitcoin rolled aback to 33K over the weekend, reaching local lows of 33004 on the Binance. At the…
President's charity fights for €7m worth of #crypto pledges for #cancer patients, As Whales Acquire 170,000 #Bitcoin in Past 6 Weeks: Santiment Data. Thoughts on the market 28-07- 2021
#Bitcoin, yesterday moved in the upper range of 39540-36380. The correction to 36K was quickly redeemed and Bitcoin moved to growth. At the time of writing this review, #Bitcoin is trading at around $39,800 dominance index 48.5%. Total Crypto Market capitalization of $1.5 Trillion.
The stock market finished trading on Tuesday in different directions. The Dow Jones fell 0.24%, the S&P 500 fell 0.47%, and the NASDAQ fell 1.21%. Gold, little silver and oil are showing growth.
On the crypto market, we are moving according to plan, bitcoin was able to break through the resistance at 38500 and moved to growth, the local maximum to which the price reached a few hours ago - 40350 (Binance).
No one is in a hurry to throw off their cue ball at 40K, although in the past few months some have deliberately sold even in the red and were happy about it. There are more and more analysts who promise bitcoin a grand future, although yesterday they wrote about crypto winter. Accumulation is in full swing, volumes are recovering, and stocks on exchanges continue to evaporate. I really hope that no one from the readers of our channel has sold, or at least not a minus to him/herself.
The high dollar index is also currently exerting pressure on the bitcoin rate, but the overall picture remains unchanged and as soon as it starts to fall to 90 and below, the growth will be very fast. I think in August we will see bitcoin above 50k.
Plan for today. If today we can rise and gain a foothold above 40,000-40,500, then we will go to the assault of 42,000 and above. If we cannot, then again we will go to 38000-37000 for refueling.
Interesting: The Binance exchange has lowered the withdrawal limits for new users with basic verification from 2 BTC to 0.06 BTC per day. For existing clients of the exchange, the changes will take place in stages from 8 to 23 August. Identity verification will increase the daily withdrawal limit to 100 BTC. Source https://twitter.com/binance/status/1420047671914500097 .
President George Velloy has filed a lawsuit against Binance over non-payment of donations for cancer patients. Source https://timesofmalta.com/articles/view/community-chest-fund-fights-for-7m-cryptocurrency-pledges-for-cancer.889174
Lastly, Data provided by popular analytics team Santiment shows that large Bitcoin holders (also referred to as whales) continue to buy the flagship cryptocurrency on the dip for long-term storage, while short-term holders keep selling BTC, allowing the market to shake off the "weak hands."Whales acquire 170,000 Bitcoins
According to a recent tweet by Santiment, BTC whales (with wallets holding between 100 and 10,000 Bitcoins) have been purchasing BTC since May, when the largest crypto began descending from its all-time high near $65,000. Over the past five weeks, they have accumulated another 130,000 Bitcoins. They have also added another 40,000 BTC in the past 10 days, making that a total of 170,000 BTC acquired recently. That is the equivalent of a jaw-dropping $6,299,996,000.
Wishing you a great jaw dropping afternoon, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
#Bitcoin, yesterday moved in the upper range of 39540-36380. The correction to 36K was quickly redeemed and Bitcoin moved to growth. At the time of writing this review, #Bitcoin is trading at around $39,800 dominance index 48.5%. Total Crypto Market capitalization of $1.5 Trillion.
The stock market finished trading on Tuesday in different directions. The Dow Jones fell 0.24%, the S&P 500 fell 0.47%, and the NASDAQ fell 1.21%. Gold, little silver and oil are showing growth.
On the crypto market, we are moving according to plan, bitcoin was able to break through the resistance at 38500 and moved to growth, the local maximum to which the price reached a few hours ago - 40350 (Binance).
No one is in a hurry to throw off their cue ball at 40K, although in the past few months some have deliberately sold even in the red and were happy about it. There are more and more analysts who promise bitcoin a grand future, although yesterday they wrote about crypto winter. Accumulation is in full swing, volumes are recovering, and stocks on exchanges continue to evaporate. I really hope that no one from the readers of our channel has sold, or at least not a minus to him/herself.
The high dollar index is also currently exerting pressure on the bitcoin rate, but the overall picture remains unchanged and as soon as it starts to fall to 90 and below, the growth will be very fast. I think in August we will see bitcoin above 50k.
Plan for today. If today we can rise and gain a foothold above 40,000-40,500, then we will go to the assault of 42,000 and above. If we cannot, then again we will go to 38000-37000 for refueling.
Interesting: The Binance exchange has lowered the withdrawal limits for new users with basic verification from 2 BTC to 0.06 BTC per day. For existing clients of the exchange, the changes will take place in stages from 8 to 23 August. Identity verification will increase the daily withdrawal limit to 100 BTC. Source https://twitter.com/binance/status/1420047671914500097 .
President George Velloy has filed a lawsuit against Binance over non-payment of donations for cancer patients. Source https://timesofmalta.com/articles/view/community-chest-fund-fights-for-7m-cryptocurrency-pledges-for-cancer.889174
Lastly, Data provided by popular analytics team Santiment shows that large Bitcoin holders (also referred to as whales) continue to buy the flagship cryptocurrency on the dip for long-term storage, while short-term holders keep selling BTC, allowing the market to shake off the "weak hands."Whales acquire 170,000 Bitcoins
According to a recent tweet by Santiment, BTC whales (with wallets holding between 100 and 10,000 Bitcoins) have been purchasing BTC since May, when the largest crypto began descending from its all-time high near $65,000. Over the past five weeks, they have accumulated another 130,000 Bitcoins. They have also added another 40,000 BTC in the past 10 days, making that a total of 170,000 BTC acquired recently. That is the equivalent of a jaw-dropping $6,299,996,000.
Wishing you a great jaw dropping afternoon, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Twitter
Binance
Effective immediately for new account registrations, users that have completed only Basic Account Verification will have a daily withdrawal limit of 0.06 BTC. 2/5
#Crypto Frenzy May be Winding Down, #Visa CFO says, #Binance Introduces #Tax Reporting API Tool, #Coca-Cola officially gets into #NFTs for charity. #Crypto Market Views and Thoughts 29.07.2021
Bitcoin during the day was in the range of 40900-38770. Corrections to 38K were quickly bought, but still failed to fix above 40K. At the time of writing this review, the main cryptocurrency costs $39800 with a dominance index of 48.4% and total crypto market capitalization of $1.54 Trillion.
The stock market has completed bargaining medium in multidirectional. Dow Jones fell by 0.36%, the S & P 500 index dropped by 0.02%, the NASDAQ index rose by 0.70%. Gold and oil rose. The dollar index dropped by 0.21% to 92.245.
Bitcoin was not able to fix above 40k and it is bad, the inability to pass the resistance area of 40-42k can send the main cryptocurrency to the side of 36,000 and even 34,000 to refuel. On the other hand, Bitcoin found support for 38K, and quickly returned above 39k, and this in favor of continuing attempts to take 40k and further sideways move.
So far, everything is according to plan and in August we may see Bitcoin above 50k, if within 1-2 days it will not be fixed above 40k, then we will walk in the range of 30-40k. If we exit this range the next target level is 45-47k. When there is a decrease in the dollar index, the growth will be rapid.
Plan for today. If Bitcoin cannot return and fasten up to 40,000 and above even better to 40500, we can again go 38k /36k. Fixing above 40000-40500 will open the road to 41-42K.
#BINANCE has introduced a new tool for formation of tax reporting. In a news update, the new API tool allows Binance users to easily keep track of their crypto activities in order to ensure they are fulfilling the reporting requirements laid out by their regulatory bodies. The Tax Reporting Tool allows users to: Transfer read-only user transaction history and records of capital gains and losses on Binance to third-party tax vendor tools. Get a real-time overview of their local tax liabilities by integrating third-party tax vendor tools via the Tax Reporting Tool, where the API import function will dynamically pull transaction history and records of more than 1 financial year to file taxes.
Visa's financial director believes that madness in cryptocurrencies is subsiding. With the unprecedented growth in the crypto markets, lucrative knock-on effects for third parties like Visa. This, however, may already be beginning to dwindle, according to the company’s senior executives. As reported by cointelegraph, Visa chief financial officer Vasant Prabhu said that much of the crypto-driven momentum behind higher cross-border spending was in fact limited to the first two months of the quarter. Highlighting the spike in crypto purchases in April and May, Prabhu noted that it had begun to fall back by June. Given the faltering return to international travel, Prabhu warned that the cross-border volume could be poised to decline without being buoyed up by a booming crypto market.
Lastly, One of the most recognizable brand names in the world, Coca-Cola drinks manufacturer, will release NFT collection in honor of the International Friendship Day. The nonfungible tokens are to raise money for Special Olympics International. OpenSea marketplace will be holding a three-day auction for Coca-Cola branded nonfungible tokens, or NFTs, starting on July 30. “Each NFT was created to celebrate elements that are core to the Coca-Cola brand, reinterpreted for a virtual world in new and exciting ways,” said Global Coca-Cola Trademark president Selman Careaga. “We are excited to share our first NFTs with the metaverse.” The soft drink manufacturer said it would donate the proceeds from the auction to Special Olympics International, a sports organization aimed at ending discrimination against people with intellectual disabilities. The opening bid for the auction was not available at the time of publication.
Bitcoin during the day was in the range of 40900-38770. Corrections to 38K were quickly bought, but still failed to fix above 40K. At the time of writing this review, the main cryptocurrency costs $39800 with a dominance index of 48.4% and total crypto market capitalization of $1.54 Trillion.
The stock market has completed bargaining medium in multidirectional. Dow Jones fell by 0.36%, the S & P 500 index dropped by 0.02%, the NASDAQ index rose by 0.70%. Gold and oil rose. The dollar index dropped by 0.21% to 92.245.
Bitcoin was not able to fix above 40k and it is bad, the inability to pass the resistance area of 40-42k can send the main cryptocurrency to the side of 36,000 and even 34,000 to refuel. On the other hand, Bitcoin found support for 38K, and quickly returned above 39k, and this in favor of continuing attempts to take 40k and further sideways move.
So far, everything is according to plan and in August we may see Bitcoin above 50k, if within 1-2 days it will not be fixed above 40k, then we will walk in the range of 30-40k. If we exit this range the next target level is 45-47k. When there is a decrease in the dollar index, the growth will be rapid.
Plan for today. If Bitcoin cannot return and fasten up to 40,000 and above even better to 40500, we can again go 38k /36k. Fixing above 40000-40500 will open the road to 41-42K.
#BINANCE has introduced a new tool for formation of tax reporting. In a news update, the new API tool allows Binance users to easily keep track of their crypto activities in order to ensure they are fulfilling the reporting requirements laid out by their regulatory bodies. The Tax Reporting Tool allows users to: Transfer read-only user transaction history and records of capital gains and losses on Binance to third-party tax vendor tools. Get a real-time overview of their local tax liabilities by integrating third-party tax vendor tools via the Tax Reporting Tool, where the API import function will dynamically pull transaction history and records of more than 1 financial year to file taxes.
Visa's financial director believes that madness in cryptocurrencies is subsiding. With the unprecedented growth in the crypto markets, lucrative knock-on effects for third parties like Visa. This, however, may already be beginning to dwindle, according to the company’s senior executives. As reported by cointelegraph, Visa chief financial officer Vasant Prabhu said that much of the crypto-driven momentum behind higher cross-border spending was in fact limited to the first two months of the quarter. Highlighting the spike in crypto purchases in April and May, Prabhu noted that it had begun to fall back by June. Given the faltering return to international travel, Prabhu warned that the cross-border volume could be poised to decline without being buoyed up by a booming crypto market.
Lastly, One of the most recognizable brand names in the world, Coca-Cola drinks manufacturer, will release NFT collection in honor of the International Friendship Day. The nonfungible tokens are to raise money for Special Olympics International. OpenSea marketplace will be holding a three-day auction for Coca-Cola branded nonfungible tokens, or NFTs, starting on July 30. “Each NFT was created to celebrate elements that are core to the Coca-Cola brand, reinterpreted for a virtual world in new and exciting ways,” said Global Coca-Cola Trademark president Selman Careaga. “We are excited to share our first NFTs with the metaverse.” The soft drink manufacturer said it would donate the proceeds from the auction to Special Olympics International, a sports organization aimed at ending discrimination against people with intellectual disabilities. The opening bid for the auction was not available at the time of publication.
Remember you must always do your own research. This is not traditional investment or financial advice. Have a splendid afternoon day ahead. #Decryptedge.
#PAYPAL TO EXPAND #BITCOIN BUYING TO UK, SAYS WALLET WITHDRAWALS IN PROGRESS AS #MICROSTRATEGY PLANS TO CONTINUE AMASSING #BITCOIN
Thoughts on the market 30.07.2021
Bitcoin yesterday moved in the range of 40600-39200. We also saw corrections to 39K that were redeemed. Yet again, #bitcoin did not gain a foothold above 40K. At the time of writing this review, it is worth 40,029, dominance index 47.4%. Total Crypto Market capitalization is at $1.57 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones rose 0.44%, the S&P 500 rose 0.42%, and the NASDAQ rose 0.11%. Gold rose 1.57% to reach 1.827.90 an ounce, Brent crude rose to $ 74.98. The dollar index dropped 0.44% to 91.907.
Bitcoin is moving in a narrow range, the pressure of the upper border of the sideways continues. More and more positive things are being brought up every day, the fear index is 53% and will soon be in the green zone, market capitalization continues to grow, altcoins are recovering, the dollar index is gradually falling. We are waiting for the catapult shot and it will be very soon.
Plan for today. If Bitcoin cannot return and gain a foothold above 40200, or better than 40500, then we can go to 38K and even 36K. Leaving and fixing above 40200-40500 will open the way to 41-43K.
To some news, Bitcoin stocks on exchanges continue to evaporate. According to Glassnode, 57,000 BTC have been withdrawn from crypto exchanges in the last 24 hours, a record number since 2016. A quick lesson: Exchange inflows (deposits) communicate upcoming selling pressure. Exchange outflows (withdrawals) communicate bullish sentiment. This aspect is not actionable on its own but can act as a good confluence of metrics.
Business intelligence and mobile software firm MicroStrategy has pledged to buy more Bitcoin despite reporting impairment losses of $424.8 million in Q2. This is only a paper loss however based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on how you add the figures up, MicroStrategy appears to have made nearly a billion dollars more from Bitcoin than it spent.
PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion. As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal following through on promises issued as far back as February. Souce: bitcoinmagazine
Remember you must always do your own research. This is not traditional investment or financial advice. Have a splendid Friday and weekend ahead. #Decryptedge.
Thoughts on the market 30.07.2021
Bitcoin yesterday moved in the range of 40600-39200. We also saw corrections to 39K that were redeemed. Yet again, #bitcoin did not gain a foothold above 40K. At the time of writing this review, it is worth 40,029, dominance index 47.4%. Total Crypto Market capitalization is at $1.57 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones rose 0.44%, the S&P 500 rose 0.42%, and the NASDAQ rose 0.11%. Gold rose 1.57% to reach 1.827.90 an ounce, Brent crude rose to $ 74.98. The dollar index dropped 0.44% to 91.907.
Bitcoin is moving in a narrow range, the pressure of the upper border of the sideways continues. More and more positive things are being brought up every day, the fear index is 53% and will soon be in the green zone, market capitalization continues to grow, altcoins are recovering, the dollar index is gradually falling. We are waiting for the catapult shot and it will be very soon.
Plan for today. If Bitcoin cannot return and gain a foothold above 40200, or better than 40500, then we can go to 38K and even 36K. Leaving and fixing above 40200-40500 will open the way to 41-43K.
To some news, Bitcoin stocks on exchanges continue to evaporate. According to Glassnode, 57,000 BTC have been withdrawn from crypto exchanges in the last 24 hours, a record number since 2016. A quick lesson: Exchange inflows (deposits) communicate upcoming selling pressure. Exchange outflows (withdrawals) communicate bullish sentiment. This aspect is not actionable on its own but can act as a good confluence of metrics.
Business intelligence and mobile software firm MicroStrategy has pledged to buy more Bitcoin despite reporting impairment losses of $424.8 million in Q2. This is only a paper loss however based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on how you add the figures up, MicroStrategy appears to have made nearly a billion dollars more from Bitcoin than it spent.
PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion. As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal following through on promises issued as far back as February. Souce: bitcoinmagazine
Remember you must always do your own research. This is not traditional investment or financial advice. Have a splendid Friday and weekend ahead. #Decryptedge.