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.
Telegram
KryptoEdge
#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.
Telegram
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.
Back to Basics II : History and Introduction to Digital Assets..
- Where did it all begin?
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/86837123021?pwd=ZkxwZDJNZ3d6WXRWcU1uMFZiaEdCQT09
- Where did it all begin?
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/86837123021?pwd=ZkxwZDJNZ3d6WXRWcU1uMFZiaEdCQT09
Zoom Video
Join our Cloud HD Video Meeting
Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution…
Malaysian Regulators Ordered #Binance To Shut Down Their Operations as Germany to Allow Institutional Funds to Hold up to 20% in #Crypto
Thoughts on the market 31.07. 2021
Bitcoin continued its growth during the day, to a high of 42448 on Binance Exchange. It has not yet managed to gain a foothold above this level and Bitcoin moved to a decline. At the time of this writing, the main cryptocurrency is trading around 42,204 with a dominance index of 48.3%. Total crypto market capitalization $1.62 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones dropped 0.42%, the S&P 500 dropped 0.54%, and the NASDAQ lost 0.71%. Gold and silver are falling, oil is rising. The dollar index rose 0.29% to 92.142.
On the cryptomarket, the option with fixing above 40K worked, the price even broke through the resistance zone at 42K and reached 42448 (Binance) from where a sell off began. The fear index is falling and already shows 60%, the positive is increasing more and more every day. I think today we will make another attempt to break through 42K.
On the weekend I expect Bitcoin in the range of 38000-44000. An alternative option is a spillage below 38K, in which case another 36K test is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
To some news, Germany will allow institutional funds to invest up to 20% of their assets in cryptocurrencies. The law taking effect on Monday will let so-called Spezialfonds with fixed investment rules put as much as 20% of their holdings in Bitcoin and other crypto assets. The funds, which can only be accessed by institutional investors such as pension companies and insurers, currently manage about 1.8 trillion euros ($2.1 trillion).
The Central Bank of Ukraine has officially authorized the issue of digital currency. Ukrainian President Volodymyr Zelenskyy signed the Law on Payment Services, officially allowing the country's central bank to issue CBDC - digital hryvnia. According to the law, nine categories of payment service providers will be defined in Ukraine. There will be new market participants - electronic money institutions, branches of foreign payment institutions, providers of information on accounts, payment institutions. There will be nine payment services, two of which are non-financial (payment initiation service and account information service.
Lastly, The Securities Commission (SC) Malaysia announced their order against Binance Exchange on 30 July. According to SC Binance is violating the rules of Malaysian regulators and they are ordered to cease all the Operations from Malaysia. This includes shutdown of the website and mobile apps, as well as the termination of any media campaign for its services in the country. In response to this notice by Malaysia, A spokesperson gives his statements to the cointelegraph new agency that they are working at their best to comply with the rules & regulation of the regulators, so that they can navigate this emerging market. And also they are changing their rules, policies & laws seriously. Source: bitcoinik.com, Bloomberg & Cointelegraph.
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.
Thoughts on the market 31.07. 2021
Bitcoin continued its growth during the day, to a high of 42448 on Binance Exchange. It has not yet managed to gain a foothold above this level and Bitcoin moved to a decline. At the time of this writing, the main cryptocurrency is trading around 42,204 with a dominance index of 48.3%. Total crypto market capitalization $1.62 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones dropped 0.42%, the S&P 500 dropped 0.54%, and the NASDAQ lost 0.71%. Gold and silver are falling, oil is rising. The dollar index rose 0.29% to 92.142.
On the cryptomarket, the option with fixing above 40K worked, the price even broke through the resistance zone at 42K and reached 42448 (Binance) from where a sell off began. The fear index is falling and already shows 60%, the positive is increasing more and more every day. I think today we will make another attempt to break through 42K.
On the weekend I expect Bitcoin in the range of 38000-44000. An alternative option is a spillage below 38K, in which case another 36K test is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
To some news, Germany will allow institutional funds to invest up to 20% of their assets in cryptocurrencies. The law taking effect on Monday will let so-called Spezialfonds with fixed investment rules put as much as 20% of their holdings in Bitcoin and other crypto assets. The funds, which can only be accessed by institutional investors such as pension companies and insurers, currently manage about 1.8 trillion euros ($2.1 trillion).
The Central Bank of Ukraine has officially authorized the issue of digital currency. Ukrainian President Volodymyr Zelenskyy signed the Law on Payment Services, officially allowing the country's central bank to issue CBDC - digital hryvnia. According to the law, nine categories of payment service providers will be defined in Ukraine. There will be new market participants - electronic money institutions, branches of foreign payment institutions, providers of information on accounts, payment institutions. There will be nine payment services, two of which are non-financial (payment initiation service and account information service.
Lastly, The Securities Commission (SC) Malaysia announced their order against Binance Exchange on 30 July. According to SC Binance is violating the rules of Malaysian regulators and they are ordered to cease all the Operations from Malaysia. This includes shutdown of the website and mobile apps, as well as the termination of any media campaign for its services in the country. In response to this notice by Malaysia, A spokesperson gives his statements to the cointelegraph new agency that they are working at their best to comply with the rules & regulation of the regulators, so that they can navigate this emerging market. And also they are changing their rules, policies & laws seriously. Source: bitcoinik.com, Bloomberg & Cointelegraph.
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.
Updated US Infrastructure Bill Narrows Crypto Reporting Requirement. Crypto Market Thoughts on 2.08. 2021
Bitcoin on the weekend moved in the range of $39250-42600. With several attempts to gain a foothold above 42K, which were not successful. At the time of writing this review, the main cryptocurrency is trading around 39,700, with a dominance index of 46.6%. Total Crypto Market capitalization $1.6 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are up 0.51%, Asian indices are also showing growth, gold and silver dipped slightly.
#Bitcoin worked out the priority version of Saturday's review and was traded in the specified range. A high price reached was 42599 on the Binance Exchange, and a low of $39250, now we are trying to return above 40K.
After such an increase, it would be good to go even lower by 38 or even 36K in order to reduce the overbought level, refuel and move on to further growth. After fixing at 42K, it will be possible to talk about targets at 50K and above.
Plan for today. If Bitcoin fails to break through the resistance and gain a foothold above 40,000-40,500, then we can return to the 38,000-37,000 levels. Leaving and fixing above 40500 will open the way to 42K. Major resistance levels are 40-42K and support at 38500-37000.
One news item. An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions. The updated version of the bill now specifies that only people who provide digital asset transfers would be treated as a broker, according to a copy of the draft bill obtained by CoinDesk and later posted online. In other words, the language now does not explicitly include decentralized exchanges, but it also doesn’t explicitly exclude miners, node operators, software developers or similar parties.
“This legislative language does not redefine digital assets or cryptocurrency as a ‘security’ for tax purposes, impugn on the privacy of individual crypto holders, or force non-brokers, such as software developers and crypto miners, to comply with IRS reporting obligations. It simply clarifies that any person or entity acting as a broker by facilitating trades for clients and receiving cash, must comply with a standard information reporting obligation,” spokesperson Drew Nirenberg told CoinDesk. Source: Coindesk.
Have a splendid week ahead. #NFA.
Bitcoin on the weekend moved in the range of $39250-42600. With several attempts to gain a foothold above 42K, which were not successful. At the time of writing this review, the main cryptocurrency is trading around 39,700, with a dominance index of 46.6%. Total Crypto Market capitalization $1.6 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are up 0.51%, Asian indices are also showing growth, gold and silver dipped slightly.
#Bitcoin worked out the priority version of Saturday's review and was traded in the specified range. A high price reached was 42599 on the Binance Exchange, and a low of $39250, now we are trying to return above 40K.
After such an increase, it would be good to go even lower by 38 or even 36K in order to reduce the overbought level, refuel and move on to further growth. After fixing at 42K, it will be possible to talk about targets at 50K and above.
Plan for today. If Bitcoin fails to break through the resistance and gain a foothold above 40,000-40,500, then we can return to the 38,000-37,000 levels. Leaving and fixing above 40500 will open the way to 42K. Major resistance levels are 40-42K and support at 38500-37000.
One news item. An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions. The updated version of the bill now specifies that only people who provide digital asset transfers would be treated as a broker, according to a copy of the draft bill obtained by CoinDesk and later posted online. In other words, the language now does not explicitly include decentralized exchanges, but it also doesn’t explicitly exclude miners, node operators, software developers or similar parties.
“This legislative language does not redefine digital assets or cryptocurrency as a ‘security’ for tax purposes, impugn on the privacy of individual crypto holders, or force non-brokers, such as software developers and crypto miners, to comply with IRS reporting obligations. It simply clarifies that any person or entity acting as a broker by facilitating trades for clients and receiving cash, must comply with a standard information reporting obligation,” spokesperson Drew Nirenberg told CoinDesk. Source: Coindesk.
Have a splendid week ahead. #NFA.
#JackDorsey’s payment Company #Square announced a $29 billion, all-stock deal to buy #Afterpay. #Miami Set to Launch Its Own #Cryptocurrency, Reward Users in #Bitcoin
Thoughts on the Crypto market 03.08.2021
Bitcoin moved in the range of $40480-38700 during the last 24hrs. There were several unsuccessful attempts to break through resistance to 40k, at the time of writing this view the main cryptocurrency is trading around 38500, with dominance index of 46.1%. Total Crypto Market capitalization of $1.57 Billion.
The stock market has completed Monday's bid in multidirectional. Dow Jones fell by 0.28%, the S & P 500 index fell by 0.19%, the NASDAQ index went up by 0.06%. Volatility index grew by 6.69% to 19.46, the dollar index dropped to 0.10% to 92.095. Asia is also trading in multidirectional.
Bitcoin yesterday tried to fix over 40k a few times, but did not come to success and began to decline, to a low of $38512 on #Binance Exchange. Altcoins are confident enough, some of the tops continue to show growth even with a bit of a fall. Yesterday we talked about how it is desirable to go to 38-36k to gain strength, so everything goes according to plan.
Analysis for today. Bitcoin in the range of 36000-40000, if we leave above, the following resistance is near the level 41200 and 42000. Below 36k will return us to 35-34K, but most likely do not go lower than 36k and it will be an alternative option.
Payment company Square Chapter Twitter Jack will acquire Australian Financial Company Afterpay for $ 29 billion. This will allow the company to implement the service "Buy now, paying Later" (BNPL) and compete with such top companies on payment ecosystems such as PayPal and MasterCard. The news comes amid Square announcing notable second-quarter earnings, reporting 200% growth in Bitcoin (BTC) revenue. Square’s Bitcoin services generated $55 million in gross profit, increasing 223% year-on-year, while Cash App generated a gross profit of $546 million, surging 94%. Source: Cointelegraph.
Miami’s own cryptocurrency, MiamiCoin, will launch tomorrow. The cryptocurrency will essentially allow people to invest in Miami by buying the coin. the MiamiCoin project is experimental and it is not known whether it will in fact generate revenue for the city. Miami’s crypto-friendly mayor, Francis Suarez, has said he wants to make Miami the go-to hub for tech and crypto startups and has even invited Chinese Bitcoin miners to the Florida city. He called Miami the “Bitcoin capital of the world” after the city in June hosted Bitcoin 2021, a two-day Bitcoin conference. Source; Decrypt.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Thoughts on the Crypto market 03.08.2021
Bitcoin moved in the range of $40480-38700 during the last 24hrs. There were several unsuccessful attempts to break through resistance to 40k, at the time of writing this view the main cryptocurrency is trading around 38500, with dominance index of 46.1%. Total Crypto Market capitalization of $1.57 Billion.
The stock market has completed Monday's bid in multidirectional. Dow Jones fell by 0.28%, the S & P 500 index fell by 0.19%, the NASDAQ index went up by 0.06%. Volatility index grew by 6.69% to 19.46, the dollar index dropped to 0.10% to 92.095. Asia is also trading in multidirectional.
Bitcoin yesterday tried to fix over 40k a few times, but did not come to success and began to decline, to a low of $38512 on #Binance Exchange. Altcoins are confident enough, some of the tops continue to show growth even with a bit of a fall. Yesterday we talked about how it is desirable to go to 38-36k to gain strength, so everything goes according to plan.
Analysis for today. Bitcoin in the range of 36000-40000, if we leave above, the following resistance is near the level 41200 and 42000. Below 36k will return us to 35-34K, but most likely do not go lower than 36k and it will be an alternative option.
Payment company Square Chapter Twitter Jack will acquire Australian Financial Company Afterpay for $ 29 billion. This will allow the company to implement the service "Buy now, paying Later" (BNPL) and compete with such top companies on payment ecosystems such as PayPal and MasterCard. The news comes amid Square announcing notable second-quarter earnings, reporting 200% growth in Bitcoin (BTC) revenue. Square’s Bitcoin services generated $55 million in gross profit, increasing 223% year-on-year, while Cash App generated a gross profit of $546 million, surging 94%. Source: Cointelegraph.
Miami’s own cryptocurrency, MiamiCoin, will launch tomorrow. The cryptocurrency will essentially allow people to invest in Miami by buying the coin. the MiamiCoin project is experimental and it is not known whether it will in fact generate revenue for the city. Miami’s crypto-friendly mayor, Francis Suarez, has said he wants to make Miami the go-to hub for tech and crypto startups and has even invited Chinese Bitcoin miners to the Florida city. He called Miami the “Bitcoin capital of the world” after the city in June hosted Bitcoin 2021, a two-day Bitcoin conference. Source; Decrypt.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
46% of German Funds Interested in Bitcoin as #Google #Crypto ads new policy goes into effect Today.
Crypto Market Thoughts 4.08.2021
#Bitcoin moved in the range of 39780-37640 during the day. Tried several times to gain a foothold at 39K, but so far there has been no result. At the time of writing this review, #Bitcoin is trading at around 37,900 with a dominance index 45.8% Total Crypto Market capitalization of $1.57 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones climbed 0.80%, the S&P 500 rose 0.82%, and the NASDAQ rose 0.55%. Gold, silver and oil fell in price. The dollar index rose 0.02% to 92.088.
Nothing interesting happened on the crypto market yesterday, #Bitcoin moved in the specified range,with a low of $37642 (Binance).
Yesterday, Google lifted the ban on cryptocurrency advertising, which was introduced back in March 2018. Starting from August 3, cryptocurrency exchanges and companies can place their ads in the search engine and the Google partner network, and this is a new millionth audience, since the exchanges and services themselves will invest in the promotion and popularization of cryptocurrencies.
Plan for today. Bitcoin is in the range of 36,000-40,000, an alternative option is going below 36,000, in which case we can go to 35K.
Under Google’s new policy that goes into effect today August 3, advertisers offering cryptocurrency exchange and wallet services are once again allowed to market their products. Back in 3 June we shared about this(https://t.me/decryptedge/556 ) The multinational giant banned crypto and Initial Coin Offering (ICO) related advertisements back in June 2018, and the updated policy allows regulated crypto entities to market their services once again. ICOs have been left out in the cold, however. Google’s crypto ad policy revision was first outlined in June and stipulates that “advertisers offering cryptocurrency exchanges and wallets” targeting U.S. consumers are allowed to advertise their services and products if they meet specific requirements. Source: Cointelegraph.
Lasly, 46% of funds in the German speaking region of Austria, Germany and Switzerland (DACH region) are interested in cryptos like bitcoin and eth according to a survey of 70+ investment funds. The survey found that 88% of German funds are not invested in bitcoin with just 4% invested in crypto while 8% are not sure.
It further revealed that 6.6% are in late stage planning and will be investing this year, something that would more than double the German speaking crypto holding funds. trustnodes.com/
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Crypto Market Thoughts 4.08.2021
#Bitcoin moved in the range of 39780-37640 during the day. Tried several times to gain a foothold at 39K, but so far there has been no result. At the time of writing this review, #Bitcoin is trading at around 37,900 with a dominance index 45.8% Total Crypto Market capitalization of $1.57 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones climbed 0.80%, the S&P 500 rose 0.82%, and the NASDAQ rose 0.55%. Gold, silver and oil fell in price. The dollar index rose 0.02% to 92.088.
Nothing interesting happened on the crypto market yesterday, #Bitcoin moved in the specified range,with a low of $37642 (Binance).
Yesterday, Google lifted the ban on cryptocurrency advertising, which was introduced back in March 2018. Starting from August 3, cryptocurrency exchanges and companies can place their ads in the search engine and the Google partner network, and this is a new millionth audience, since the exchanges and services themselves will invest in the promotion and popularization of cryptocurrencies.
Plan for today. Bitcoin is in the range of 36,000-40,000, an alternative option is going below 36,000, in which case we can go to 35K.
Under Google’s new policy that goes into effect today August 3, advertisers offering cryptocurrency exchange and wallet services are once again allowed to market their products. Back in 3 June we shared about this(https://t.me/decryptedge/556 ) The multinational giant banned crypto and Initial Coin Offering (ICO) related advertisements back in June 2018, and the updated policy allows regulated crypto entities to market their services once again. ICOs have been left out in the cold, however. Google’s crypto ad policy revision was first outlined in June and stipulates that “advertisers offering cryptocurrency exchanges and wallets” targeting U.S. consumers are allowed to advertise their services and products if they meet specific requirements. Source: Cointelegraph.
Lasly, 46% of funds in the German speaking region of Austria, Germany and Switzerland (DACH region) are interested in cryptos like bitcoin and eth according to a survey of 70+ investment funds. The survey found that 88% of German funds are not invested in bitcoin with just 4% invested in crypto while 8% are not sure.
It further revealed that 6.6% are in late stage planning and will be investing this year, something that would more than double the German speaking crypto holding funds. trustnodes.com/
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Telegram
KryptoEdge
Search Giant Google Lifts 2018 Ban on Crypto Exchange, Wallet Advertisements. Thoughts on the market 03.06.2021
Bitcoin, yesterday moved in the range of 36000-38000 during the day. An attempt to gain a foothold above 38K last night did not lead to success…
Bitcoin, yesterday moved in the range of 36000-38000 during the day. An attempt to gain a foothold above 38K last night did not lead to success…