#Europe prepares for first #Bitcoin Futures Launch Amid US #ETF Stalemate as Infrastructure bill set for a vote by Sept. 27 With No Changes to Crypto Tax Provisions
Thoughts on the Cryptomarket 25.08. 2021
Yesterday #Bitcoin lost support at 49K during the day and moved to a decline, to a price of 47600 on the #Binance Exchange, this correction is gradually being redeemed and now we are trading at about 48100 with a dominance index 43.9%. Total Crypto Market capitalization seats at $2.057 Trillion.
Stock markets ended Monday trading higher. The Dow Jones rose 0.09%, the S&P 500 rose 0.15%, and the NASDAQ rose 0.52%. The volatility index rose 0.41% to 17.22. Gold and silver dipped slightly. The dollar index dropped 0.09% to 92.888.
On the 3cryptomarket, the variant with the price dropping below 48K worked out, although yesterday there were all chances to turn out above 50 and break through the important resistance at 51K. Even Michael Saylor did not help the market, Coming with a big announcement that MicroStrategy bought 3907 BTC for about $177 million, it is not a bad thing either.
I already wrote that the market now needs a rest and it would be good to go even lower in order to get healthy and targeted growth in the future, we have grown too quickly and we need to throw off weak hands. Otherwise, everything is going according to plan, and now it is important to gain strength and break through the decisive resistance at 51K. This area is the last obstacle before a big breakthrough to the all-time high.
Plan for today. If we can return and gain a foothold above 48300-48500, then we will go to 49 and even 50K. If we do not return the 48K level, then we will go to 46K.
To some news, #Europe is gearing up to launch its first bitcoin futures amid US ETF deadlock. Europe’s first-ever Bitcoin (BTC) futures will launch next month on the continent’s largest derivatives market, #Eurex, an announcement confirms. In a press release issued on Tuesday, digital asset-backed securities provider ETC Group said that its Bitcoin ETN Futures product will commence trading on Sept. 13. There is no sign of an ETF launch approval in the U.S. as yet, with Europe soon to see a pioneering Bitcoin futures product. Source: cointelegraph.com
Lastly, the infrastructure bill has been put to a vote until September 27 with no changes to the provisions on taxes on cryptocurrency. Commenting on the lack of amendments to the infrastructure bill, executive director of The Blockchain Association, Kristin Smith, described the events as “unfortunate but unsurprising.” “However, this is not the end of the process,” she stated, adding: “The Blockchain Association, our 46 member companies and the newly-energized, nationwide crypto community will rededicate our energy to supporting technology-neutral, pro-crypto legislation and regulation — on this specific tax issue as well as broader crypto policy.”
Source: cointelegraph.com
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the Cryptomarket 25.08. 2021
Yesterday #Bitcoin lost support at 49K during the day and moved to a decline, to a price of 47600 on the #Binance Exchange, this correction is gradually being redeemed and now we are trading at about 48100 with a dominance index 43.9%. Total Crypto Market capitalization seats at $2.057 Trillion.
Stock markets ended Monday trading higher. The Dow Jones rose 0.09%, the S&P 500 rose 0.15%, and the NASDAQ rose 0.52%. The volatility index rose 0.41% to 17.22. Gold and silver dipped slightly. The dollar index dropped 0.09% to 92.888.
On the 3cryptomarket, the variant with the price dropping below 48K worked out, although yesterday there were all chances to turn out above 50 and break through the important resistance at 51K. Even Michael Saylor did not help the market, Coming with a big announcement that MicroStrategy bought 3907 BTC for about $177 million, it is not a bad thing either.
I already wrote that the market now needs a rest and it would be good to go even lower in order to get healthy and targeted growth in the future, we have grown too quickly and we need to throw off weak hands. Otherwise, everything is going according to plan, and now it is important to gain strength and break through the decisive resistance at 51K. This area is the last obstacle before a big breakthrough to the all-time high.
Plan for today. If we can return and gain a foothold above 48300-48500, then we will go to 49 and even 50K. If we do not return the 48K level, then we will go to 46K.
To some news, #Europe is gearing up to launch its first bitcoin futures amid US ETF deadlock. Europe’s first-ever Bitcoin (BTC) futures will launch next month on the continent’s largest derivatives market, #Eurex, an announcement confirms. In a press release issued on Tuesday, digital asset-backed securities provider ETC Group said that its Bitcoin ETN Futures product will commence trading on Sept. 13. There is no sign of an ETF launch approval in the U.S. as yet, with Europe soon to see a pioneering Bitcoin futures product. Source: cointelegraph.com
Lastly, the infrastructure bill has been put to a vote until September 27 with no changes to the provisions on taxes on cryptocurrency. Commenting on the lack of amendments to the infrastructure bill, executive director of The Blockchain Association, Kristin Smith, described the events as “unfortunate but unsurprising.” “However, this is not the end of the process,” she stated, adding: “The Blockchain Association, our 46 member companies and the newly-energized, nationwide crypto community will rededicate our energy to supporting technology-neutral, pro-crypto legislation and regulation — on this specific tax issue as well as broader crypto policy.”
Source: cointelegraph.com
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
11% Of Young Americans have Invested Their #Stimulus Cheques Into #Crypto: Survey as #US Commits to Passing Crypto #Tax Infrastructure Bill by Sept 27.
Thoughts on the #Cryptomarket 26.08. 2021
#Bitcoin moved in the range of 49260-47120 during the day, with several attempts to gain a foothold above 49K, but did not yet succeed, and at the time of writing the review, the main cryptocurrency is trading around 47,162. Dominance index is at 44.0% and total Crypto Market capitalization of $2.04 Trillion.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.11%, the S&P 500 rose 0.22%, and the NASDAQ rose 0.15%. Gold and silver dipped slightly, oil continues to rise. The dollar index dropped 0.07% to 92.838.
Bitcoin yesterday could not hold above 48K and began to decline, the local minimum to which the price of 47126 at the Binance Exchange bounced from this level and rose above 49K, after which it returned below 48K again, where we are trading at the moment.
Yesterday #cnbc reported that the US treasury will not target non brokers even without crypto tax amendment. As part of the $1 trillion infrastructure bill, will not extend the requirements for tax reporting for those industry players who cannot comply with them, and these are miners, developers, etc. This is a good signal and we mentioned (https://t.me/decryptedge/683) that this law should not be given much importance , the market is already strong and can resolve its own issues.
American banking giant #Citigroup plans to start trading bitcoin futures on the Chicago Mercantile Exchange (CME), and this is the entry into the crypto market of new institutional clients, which will push the price to new highs.
Plan for today. Bitcoin is in the range of 46000-50000, an alternative option is going below 46, in which case we can go to 45-44K.
Lastly, a new study found that one in ten American citizens between the ages of 18 and 34 have invested some of their Covid-19 incentive checks in crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money.
Roughly half of the respondents were found to have funneled their stimulus money into investments broadly — with 15% seeking exposure to stocks, 9% investing in mutual funds, and 6% backing exchange-traded funds (#ETFs). Source Cointelegraph.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the #Cryptomarket 26.08. 2021
#Bitcoin moved in the range of 49260-47120 during the day, with several attempts to gain a foothold above 49K, but did not yet succeed, and at the time of writing the review, the main cryptocurrency is trading around 47,162. Dominance index is at 44.0% and total Crypto Market capitalization of $2.04 Trillion.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.11%, the S&P 500 rose 0.22%, and the NASDAQ rose 0.15%. Gold and silver dipped slightly, oil continues to rise. The dollar index dropped 0.07% to 92.838.
Bitcoin yesterday could not hold above 48K and began to decline, the local minimum to which the price of 47126 at the Binance Exchange bounced from this level and rose above 49K, after which it returned below 48K again, where we are trading at the moment.
Yesterday #cnbc reported that the US treasury will not target non brokers even without crypto tax amendment. As part of the $1 trillion infrastructure bill, will not extend the requirements for tax reporting for those industry players who cannot comply with them, and these are miners, developers, etc. This is a good signal and we mentioned (https://t.me/decryptedge/683) that this law should not be given much importance , the market is already strong and can resolve its own issues.
American banking giant #Citigroup plans to start trading bitcoin futures on the Chicago Mercantile Exchange (CME), and this is the entry into the crypto market of new institutional clients, which will push the price to new highs.
Plan for today. Bitcoin is in the range of 46000-50000, an alternative option is going below 46, in which case we can go to 45-44K.
Lastly, a new study found that one in ten American citizens between the ages of 18 and 34 have invested some of their Covid-19 incentive checks in crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money.
Roughly half of the respondents were found to have funneled their stimulus money into investments broadly — with 15% seeking exposure to stocks, 9% investing in mutual funds, and 6% backing exchange-traded funds (#ETFs). Source Cointelegraph.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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US Senate Rejects Change To New Crypto Tax Rules In $1.2 Trillion Infrastructure Bill Despite Lawmaker, Billionaire Pushback. Closing The #Crypto “#Tax #Gap”
Crypto Market Thoughts 11.08.2021.
During the last 24hrs, Bitcoin moved within the range of…
Crypto Market Thoughts 11.08.2021.
During the last 24hrs, Bitcoin moved within the range of…
#Coinbase Hires Former #Facebook exec as Chief Marketing Officer, 5-Star Hotel in #Swiss Alps Starts Accepting #Bitcoin and #Ethereum, as #MorganStanley Discloses Owning 755 #BTC .
Yesterday, Bitcoin moved in the 49350-46250 range. At the time of writing this review, the main cryptocurrency has since recovered and is trading at around $47,158 with a dominance index of 44.2%. Total Crypto Market capitalization seats at $1.9 Trillion.
Equity markets closed lower on Thursday. The Dow Jones fell 0.54%, the S&P 500 lost 0.58%, and the NASDAQ lost 0.64%. Gold and silver rose slightly in price. The dollar index rose 0.25% to 93.067.
On the cryptomarket, everything is according to plan, Bitcoin clearly worked out yesterday's analysis and moved in the designated range. Going to a low price of 46250 on the #Binance exchange and I think that today we will continue the downward movement. We need to unload and do this, preferably at levels 44-42K or even lower, in order to catch up with the hamsters of horror and fear.
The capitalization of the entire market fell below $2 Trillion, altcoins are flying after the main cryptocurrency from the top, only Solana (SOL) is growing, which a few hours ago showed a new ATN for almost 84 dollars.
Plan for today. Bitcoin is in the range of 44000-49000, an alternative option is going below 44K, in which case we can go to 42K.
To some news, the largest bank Morgan Stanley has increased its position in the Grayscale bitcoin trust to 928,051 GBTC shares, with a valuation of over $ 27 million. This news came via a tweet showing major disclosures in a SEC filing reporting MS owning a large amount of Grayscale Bitcoin across multiple portfolios. The largest of these appears to be 928,051 shares held by Morgan's Insight Fund. One follower on the tweet thread wrote: Morgan Stanley "The Adviser seeks long-term capital appreciation by investing primarily in established and emerging companies." LL&P (Live Long & Prosper) #Bitcoin. I tend to agree with him.
Coinbase hires former Facebook CEO Keith Roach as Chief Marketing Officer. As reported by @Cointelegraph Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well as product and performance marketing. Until recently, she was the global head of brand and product marketing at social media giant Facebook, but now aims “to bring millions more people into the #cryptoeconomy.”
Lastly the five-star Chedi Andermatt hotel in the Swiss Alps begins accepting payments in bitcoin and ethereum. The hotel has 123 lavish suites with Hästens boxspring beds. It also offers a Michelin-starred Japanese restaurant, saunas, yoga classes and a fitness center.
When it comes to outdoor activities, the hotel boasts its own golf course, sports center and other facilities. Given that the price of a double room starts from 500 francs ($544), the hotel has made a wise move by catering to the growing number of crypto millionaires.
This was not a spontaneous decision. The hotel has been mulling over accepting cryptocurrencies for four years. As reported by U.Today, the restaurant group of American billionaires announced that restaurant group Landry's would start accepting Bitcoin back in April.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Yesterday, Bitcoin moved in the 49350-46250 range. At the time of writing this review, the main cryptocurrency has since recovered and is trading at around $47,158 with a dominance index of 44.2%. Total Crypto Market capitalization seats at $1.9 Trillion.
Equity markets closed lower on Thursday. The Dow Jones fell 0.54%, the S&P 500 lost 0.58%, and the NASDAQ lost 0.64%. Gold and silver rose slightly in price. The dollar index rose 0.25% to 93.067.
On the cryptomarket, everything is according to plan, Bitcoin clearly worked out yesterday's analysis and moved in the designated range. Going to a low price of 46250 on the #Binance exchange and I think that today we will continue the downward movement. We need to unload and do this, preferably at levels 44-42K or even lower, in order to catch up with the hamsters of horror and fear.
The capitalization of the entire market fell below $2 Trillion, altcoins are flying after the main cryptocurrency from the top, only Solana (SOL) is growing, which a few hours ago showed a new ATN for almost 84 dollars.
Plan for today. Bitcoin is in the range of 44000-49000, an alternative option is going below 44K, in which case we can go to 42K.
To some news, the largest bank Morgan Stanley has increased its position in the Grayscale bitcoin trust to 928,051 GBTC shares, with a valuation of over $ 27 million. This news came via a tweet showing major disclosures in a SEC filing reporting MS owning a large amount of Grayscale Bitcoin across multiple portfolios. The largest of these appears to be 928,051 shares held by Morgan's Insight Fund. One follower on the tweet thread wrote: Morgan Stanley "The Adviser seeks long-term capital appreciation by investing primarily in established and emerging companies." LL&P (Live Long & Prosper) #Bitcoin. I tend to agree with him.
Coinbase hires former Facebook CEO Keith Roach as Chief Marketing Officer. As reported by @Cointelegraph Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well as product and performance marketing. Until recently, she was the global head of brand and product marketing at social media giant Facebook, but now aims “to bring millions more people into the #cryptoeconomy.”
Lastly the five-star Chedi Andermatt hotel in the Swiss Alps begins accepting payments in bitcoin and ethereum. The hotel has 123 lavish suites with Hästens boxspring beds. It also offers a Michelin-starred Japanese restaurant, saunas, yoga classes and a fitness center.
When it comes to outdoor activities, the hotel boasts its own golf course, sports center and other facilities. Given that the price of a double room starts from 500 francs ($544), the hotel has made a wise move by catering to the growing number of crypto millionaires.
This was not a spontaneous decision. The hotel has been mulling over accepting cryptocurrencies for four years. As reported by U.Today, the restaurant group of American billionaires announced that restaurant group Landry's would start accepting Bitcoin back in April.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Jack Dorsey Discusses Plans to Build a Decentralized Exchange for Bitcoin, Massive Anti-#Bitcoin Protests Fill The Streets of #ElSalvador. #Bitcoin Won't Work in El Salvador!
Thoughts on the market 30.08. 2021
On the weekend, #Bitcoin moved in the range of 49630-47334, with several unsuccessful attempts to gain a foothold above 49K. At the time of writing the review, it is trading around 47,700 with a dominance index of 43.7%. Total Crypto Market capitalization seats at $2.064 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are in positive territory and added 0.06%. Asian indices are trading in the green. Gold has subsided a little, oil is growing.
On the crypto market, I still think that the market needs to go to 44K or even 42K for a subsequent confident growth, priority is the downward movement. Plan for today. If Bitcoin cannot return and gain a foothold above 48,000, or better 48,500, then we can continue moving down to 46K. If we leave and consolidate above 48000-48500, then we can expect continued growth to the levels of 49-50K.
To some news, Square CEO #JackDorsey will launch the development of a #decentralized #bitcoin exchange. First announced in July, Square's "TBD" unit is developing a "non-custodial, permissionless, and decentralized financial services" business whose "primary focus is Bitcoin." In a Friday #tweet, Dorsey said that "TBD" — either referring to the fact the business’ name has yet to be determined or simply the name itself — would be focused on building a decentralized exchange for Bitcoin. Source: Cointelegraph.
The political situation in El Salvador worsens as September 7 approaches, when the country will begin accepting bitcoin as legal tender. Massive protests against bitcoins fill the streets of El Salvador. Source: cryptopotato.com/massive-anti-bitcoin-protests-fill-streets-el-salvador/).
This reminds me of a post we did here(https://t.me/decryptedge/568) titled Bitcoin Won't Work in El Salvador back on 8th June. Read it.
With that, wishing you a splendid week ahead and Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Thoughts on the market 30.08. 2021
On the weekend, #Bitcoin moved in the range of 49630-47334, with several unsuccessful attempts to gain a foothold above 49K. At the time of writing the review, it is trading around 47,700 with a dominance index of 43.7%. Total Crypto Market capitalization seats at $2.064 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are in positive territory and added 0.06%. Asian indices are trading in the green. Gold has subsided a little, oil is growing.
On the crypto market, I still think that the market needs to go to 44K or even 42K for a subsequent confident growth, priority is the downward movement. Plan for today. If Bitcoin cannot return and gain a foothold above 48,000, or better 48,500, then we can continue moving down to 46K. If we leave and consolidate above 48000-48500, then we can expect continued growth to the levels of 49-50K.
To some news, Square CEO #JackDorsey will launch the development of a #decentralized #bitcoin exchange. First announced in July, Square's "TBD" unit is developing a "non-custodial, permissionless, and decentralized financial services" business whose "primary focus is Bitcoin." In a Friday #tweet, Dorsey said that "TBD" — either referring to the fact the business’ name has yet to be determined or simply the name itself — would be focused on building a decentralized exchange for Bitcoin. Source: Cointelegraph.
The political situation in El Salvador worsens as September 7 approaches, when the country will begin accepting bitcoin as legal tender. Massive protests against bitcoins fill the streets of El Salvador. Source: cryptopotato.com/massive-anti-bitcoin-protests-fill-streets-el-salvador/).
This reminds me of a post we did here(https://t.me/decryptedge/568) titled Bitcoin Won't Work in El Salvador back on 8th June. Read it.
With that, wishing you a splendid week ahead and Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
CryptoPotato
Massive Anti Bitcoin Protests Fill The Streets of El Salvador
Nayib Bukele is preparing for the day that the Bitcoin Law starts to be mandatory, but protests against it are more and more common.
Make or Break for BTC, Thoughts on the market 31.08.2021
Bitcoin yesterday moved in the range of 48888-46700 with several attempts to gain a foothold above 48K. At the time of writing this review bitcoin is trading at about 47100 with a dominance index of 43.0%. Total CryptoMarket capitalization of $2.064 Trillion.
Stock markets opened higher. The Dow Jones fell 0.16%, the S&P 500 rose 0.43%, and the NASDAQ rose 0.90%. Gold fell 0.37% to reach 1.812.85 per troy ounce, while oil rose 0.59% to 72.12 per barrel. The dollar index remained at the same level.
The priority version of yesterday's forecast worked out. Bitcoin could not gain a foothold above 48,000 and began a further decline, the local minimum to which the price of 46,700 on #Binance Exchange reached. This correction has been gradually redeemed and now we are trying to gain a foothold above 47K.
Solana (Sol) showed an increase of 50% in a week and a few minutes ago put another ATH above $ 117, Sol is ranked 8th in the cryptocurrency rating by capitalization, but I think it will be in 7th place today. Rune is another altcoin that is set up for a rally.
Plan for today. #Bitcoin is in the range of 45000-49000, the alternative is going below 45K, in which case we can go to 44K. But remember as long as no daily close for BTC above $55k, and $65k weekly, we are looking for another self-off from $48/51k to 32k maybe lower. My personal opinion,(Biased view, Subject to fail.
Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Bitcoin yesterday moved in the range of 48888-46700 with several attempts to gain a foothold above 48K. At the time of writing this review bitcoin is trading at about 47100 with a dominance index of 43.0%. Total CryptoMarket capitalization of $2.064 Trillion.
Stock markets opened higher. The Dow Jones fell 0.16%, the S&P 500 rose 0.43%, and the NASDAQ rose 0.90%. Gold fell 0.37% to reach 1.812.85 per troy ounce, while oil rose 0.59% to 72.12 per barrel. The dollar index remained at the same level.
The priority version of yesterday's forecast worked out. Bitcoin could not gain a foothold above 48,000 and began a further decline, the local minimum to which the price of 46,700 on #Binance Exchange reached. This correction has been gradually redeemed and now we are trying to gain a foothold above 47K.
Solana (Sol) showed an increase of 50% in a week and a few minutes ago put another ATH above $ 117, Sol is ranked 8th in the cryptocurrency rating by capitalization, but I think it will be in 7th place today. Rune is another altcoin that is set up for a rally.
Plan for today. #Bitcoin is in the range of 45000-49000, the alternative is going below 45K, in which case we can go to 44K. But remember as long as no daily close for BTC above $55k, and $65k weekly, we are looking for another self-off from $48/51k to 32k maybe lower. My personal opinion,(Biased view, Subject to fail.
Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Former #US president calls #crypto a 'disaster waiting to happen' Thoughts on the market 1.09.2021
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review, the main cryptocurrency is trading around 47100 with a dominance index of 42.3%. Total Crypto Market capitalization is at $2.09Trillion.
The #stock market ended Tuesday trading with a fall. The Dow Jones fell 0.11%, the S&P 500 fell 0.13%, and the NASDAQ fell 0.04%. The Volatility Index, which is based on S&P 500 options trading, was up 1.79% to 16.48. Gold is showing slight growth, oil is getting cheaper. The dollar index rose 0.02% to 92.668.
On the #cryptomarket, the priority version of yesterday's analysis worked out and we did not go beyond the specified range. True, we expected Bitcoin a little lower, a price of 46512 was registered on #Binance Exchange, which will now act as a key support.
Altcoins have shown steady growth, the dominance index continues to fall, which means the altcoins will continue to shoot, showing new highs.
The short-term plan is as follows, now we are waiting for a test support at 44-42K, and then a reversal and movement to new highs.
Plan for today. If Bitcoin cannot keep the support level at 46500, then the next stop is 45500-45000, if we go lower, then we go to 44-42K (it's time to do this). If we fix above 47K, then there is an opportunity for growth to 48K and above.
To some news, the US Treasury will require cryptocurrency exchanges to report information on assets and transactions of foreign clients.
Former US President Donald #Trump has called #cryptocurrency a catastrophe waiting in the wings. In an interview with Fox Business released on Tuesday, former United States President Donald Trump was questioned about his views on the health of the #WallStreet markets, the current administration's progress and the potential of Bitcoin (BTC) and the cryptocurrency market. In response to the latter question, the former president stated: “I like the currency of the United States, but I think the others are potentially a disaster waiting to happen.” He continued:
“They [cryptocurrencies] may be fake. Who knows what they are? They are certainly something that people don’t know very much about.”
He also spoke on protecting the sovereignty of the U.S. dollar as the first priority, rather than advancing the stagnant financial system and grasping the overwhelming benefits that crypto and blockchain technologies have to offer. Source: Cointelegraph.
At this point I suppose who you better listen to. Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review, the main cryptocurrency is trading around 47100 with a dominance index of 42.3%. Total Crypto Market capitalization is at $2.09Trillion.
The #stock market ended Tuesday trading with a fall. The Dow Jones fell 0.11%, the S&P 500 fell 0.13%, and the NASDAQ fell 0.04%. The Volatility Index, which is based on S&P 500 options trading, was up 1.79% to 16.48. Gold is showing slight growth, oil is getting cheaper. The dollar index rose 0.02% to 92.668.
On the #cryptomarket, the priority version of yesterday's analysis worked out and we did not go beyond the specified range. True, we expected Bitcoin a little lower, a price of 46512 was registered on #Binance Exchange, which will now act as a key support.
Altcoins have shown steady growth, the dominance index continues to fall, which means the altcoins will continue to shoot, showing new highs.
The short-term plan is as follows, now we are waiting for a test support at 44-42K, and then a reversal and movement to new highs.
Plan for today. If Bitcoin cannot keep the support level at 46500, then the next stop is 45500-45000, if we go lower, then we go to 44-42K (it's time to do this). If we fix above 47K, then there is an opportunity for growth to 48K and above.
To some news, the US Treasury will require cryptocurrency exchanges to report information on assets and transactions of foreign clients.
Former US President Donald #Trump has called #cryptocurrency a catastrophe waiting in the wings. In an interview with Fox Business released on Tuesday, former United States President Donald Trump was questioned about his views on the health of the #WallStreet markets, the current administration's progress and the potential of Bitcoin (BTC) and the cryptocurrency market. In response to the latter question, the former president stated: “I like the currency of the United States, but I think the others are potentially a disaster waiting to happen.” He continued:
“They [cryptocurrencies] may be fake. Who knows what they are? They are certainly something that people don’t know very much about.”
He also spoke on protecting the sovereignty of the U.S. dollar as the first priority, rather than advancing the stagnant financial system and grasping the overwhelming benefits that crypto and blockchain technologies have to offer. Source: Cointelegraph.
At this point I suppose who you better listen to. Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Cryptocurrencies now Recognized Under Commercial #Law in #Texas, #Binance #CEO says #US crypto #exchange will go Public in 3 years While #Australia, #Singapore, #Malaysia and #SouthAfrica Launch Joint #CBDC Pilot.
Thoughts on the market 3.09.2021
Yesterday, Bitcoin moved in the range of 50450-48300. An attempt to gain a foothold above 50K did not lead to success and Bitcoin went down. At the time of writing this review, the main cryptocurrency has since broken through the 50k resistance now trading for $50,317. The test now is to hold above this level. Total Crypto market capitalization is at $2.240 Trillion, and BTC dominance index at 41.7%.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.37%, the S&P 500 rose 0.28%, and the NASDAQ rose 0.14%. Gold and silver dipped slightly, oil continues to rise. The dollar index was down 0.25% to 92.222.
On the #cryptomarket, the psychological level of 50K is now done. Back in August, we mentioned here that for a breakthrough to historical highs, it is important for us to break through the decisive resistance at 51K, and then we can confidently talk about a trend change. Failure to break above this level will lead us to further consolidation and continuation of the #altseason. So we are not out of the woods yet.
Plan for today. If we can stay above 50K level, then 51K is already close. Going below 48K will bring us back to 46K and this will be an alternative option.
To some news, #Cryptocurrencies are now recognized by commercial law in Texas. On September 1, the state of Texas entered into force a law allowing the adaptation of commercial law to blockchain and cryptocurrencies. Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas.
Texas House Bills 4474 and 1576, passed by both chambers in the state legislature in May and signed into law by Governor Greg Abbott in June, officially took effect on Sept. 1. H.B. 1576 establishes a blockchain working group in Texas, while H.B. 4474 amends the state's Uniform Commercial Code to recognize cryptocurrencies under commercial law. Source:cointelegraph.com
As #ElSalvador is set to make history by becoming the first country in the world to adopt Bitcoin as its official currency. However, the vast majority of the population is not happy about the initiative. According to a recent poll conducted by IudopUCA, 7 in 10 Salvadorans want President Nayib Bukele's Bitcoin law repealed and abolished. Source:u.today.
#Binance CEO and Founder Changpeng Zhao said the US-based Binance.US unit plans to go public in 2024. Source). Just reminded me of a post back on 24 April 2021(https://t.me/decryptedge/457) Now a fact with dates on the same. Zhao said on Wednesday in an interview with tech publication The Information. He is confident that the global crypto exchange will survive the ongoing regulatory crackdown by global regulators, and that Binance.US will move toward a public listing in three years. “Binance.US is just going to do what Coinbase did,” Zhao stated. He said that Binance generated $800 million–$1 billion in profit last year.
Lastly, Australia, Singapore, Malaysia and #SouthAfrica are launching a joint CBDC pilot project to enable institutions to conduct cross-border transactions using central bank digital currencies. The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot’s findings will be used to inform the “development of global and regional platforms” in addition to supporting the G20’s roadmap for improving cross-border payments. Source: cointelegraph.com
Where is my dear country Kenya,?? We shall endeavor to do our best as #decryptedge to lobby on the same. For now, wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
Thoughts on the market 3.09.2021
Yesterday, Bitcoin moved in the range of 50450-48300. An attempt to gain a foothold above 50K did not lead to success and Bitcoin went down. At the time of writing this review, the main cryptocurrency has since broken through the 50k resistance now trading for $50,317. The test now is to hold above this level. Total Crypto market capitalization is at $2.240 Trillion, and BTC dominance index at 41.7%.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.37%, the S&P 500 rose 0.28%, and the NASDAQ rose 0.14%. Gold and silver dipped slightly, oil continues to rise. The dollar index was down 0.25% to 92.222.
On the #cryptomarket, the psychological level of 50K is now done. Back in August, we mentioned here that for a breakthrough to historical highs, it is important for us to break through the decisive resistance at 51K, and then we can confidently talk about a trend change. Failure to break above this level will lead us to further consolidation and continuation of the #altseason. So we are not out of the woods yet.
Plan for today. If we can stay above 50K level, then 51K is already close. Going below 48K will bring us back to 46K and this will be an alternative option.
To some news, #Cryptocurrencies are now recognized by commercial law in Texas. On September 1, the state of Texas entered into force a law allowing the adaptation of commercial law to blockchain and cryptocurrencies. Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas.
Texas House Bills 4474 and 1576, passed by both chambers in the state legislature in May and signed into law by Governor Greg Abbott in June, officially took effect on Sept. 1. H.B. 1576 establishes a blockchain working group in Texas, while H.B. 4474 amends the state's Uniform Commercial Code to recognize cryptocurrencies under commercial law. Source:cointelegraph.com
As #ElSalvador is set to make history by becoming the first country in the world to adopt Bitcoin as its official currency. However, the vast majority of the population is not happy about the initiative. According to a recent poll conducted by IudopUCA, 7 in 10 Salvadorans want President Nayib Bukele's Bitcoin law repealed and abolished. Source:u.today.
#Binance CEO and Founder Changpeng Zhao said the US-based Binance.US unit plans to go public in 2024. Source). Just reminded me of a post back on 24 April 2021(https://t.me/decryptedge/457) Now a fact with dates on the same. Zhao said on Wednesday in an interview with tech publication The Information. He is confident that the global crypto exchange will survive the ongoing regulatory crackdown by global regulators, and that Binance.US will move toward a public listing in three years. “Binance.US is just going to do what Coinbase did,” Zhao stated. He said that Binance generated $800 million–$1 billion in profit last year.
Lastly, Australia, Singapore, Malaysia and #SouthAfrica are launching a joint CBDC pilot project to enable institutions to conduct cross-border transactions using central bank digital currencies. The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot’s findings will be used to inform the “development of global and regional platforms” in addition to supporting the G20’s roadmap for improving cross-border payments. Source: cointelegraph.com
Where is my dear country Kenya,?? We shall endeavor to do our best as #decryptedge to lobby on the same. For now, wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
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Cryptocurrency Giant Binance.US Hires Former Top Bank Regulator. Thoughts on the market on 21.04.2021.
#Bitcoin moved in the range of $53300-57100 during the day. Corrections below 54K were quickly bought back, now we are trying to gain a foothold above…
#Bitcoin moved in the range of $53300-57100 during the day. Corrections below 54K were quickly bought back, now we are trying to gain a foothold above…
#Shop.com now Accepts #Bitcoin Payments After Partnership with BitPay as #Indian #Govt Wants to Define #Cryptocurrencies as #Commodities: Report
Thoughts on the market 4.09.2021
Yesterday, #Bitcoin moved in the 48300-51000 range. At the time of writing this review, the main cryptocurrency is trading at around 49,880, BTC dominance index 41.5% and total #cryptomarket capitalization $2.278 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones fell 0.21%, the S&P 500 lost 0.03%, and the NASDAQ rose 0.21%. Gold is rising, oil is falling, the dollar index fell 0.09% to 92.142.
Yesterday's priority version of our review worked out, Bitcoin held above $48K, passed the resistance area at 50K and even touched 51000. It was not yet possible to break through and gain a foothold above the decisive resistance at 51K, everything ended with a rebound to 49K, but there will still be attempts at the weekend.
Altcoins continue to renew their highs, the dominance index is falling, Ethereum returned above 4K for the first time since May, showing a local high at 4027 on @Binance), $345 shot off it's all-time high.
This weekend I expect Bitcoin in the range of 48000-52000. An alternative option is Bitcoin correction below 48K. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
American e-commerce platform Shop.com begins accepting payments in bitcoin and ether following a partnership with #BitPay. Describing the partnership as the next chapter in doing business, Shop.com president and chief operating officer Steve Ashley said that the BitPay integration is available in all the countries in which Market America operates, including the United States, Canada, Australia, Hong Kong, Taiwan, the United Kingdom, Singapore and Malaysia.Source:cointelegraph.com
India plans to develop a new bill that seeks to segregate cryptocurrencies as commodities based on use cases such as payments as investments or utilities. According to an ET report, (Economic Times) the new draft bill is expected to be tabled in the Parliament’s next winter session that will look into defining cryptocurrencies as an asset/commodity for all purposes including taxation. “The government in its draft bill is working towards defining cryptocurrency and its treatment in various use cases, so that it can be treated correctly in the books of accounts plus it should be taxed in the right manner. It is not looking to allow payments and settlements through virtual currencies,” a source familiar with the matter said.
However, the government is not in the favor of allowing cryptocurrencies as payments and settlements. Only those cryptocurrencies will be allowed to trade that has been approved by the Indian government. “Crypto-assets can be either categorized on the basis of the technology they use or they can be defined on their end-use. So, before talking about how the regulations should work, the government has to spell out what it means by cryptocurrencies.” Source:cryptoknowmics.com
Wishing you a great weekend ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the market 4.09.2021
Yesterday, #Bitcoin moved in the 48300-51000 range. At the time of writing this review, the main cryptocurrency is trading at around 49,880, BTC dominance index 41.5% and total #cryptomarket capitalization $2.278 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones fell 0.21%, the S&P 500 lost 0.03%, and the NASDAQ rose 0.21%. Gold is rising, oil is falling, the dollar index fell 0.09% to 92.142.
Yesterday's priority version of our review worked out, Bitcoin held above $48K, passed the resistance area at 50K and even touched 51000. It was not yet possible to break through and gain a foothold above the decisive resistance at 51K, everything ended with a rebound to 49K, but there will still be attempts at the weekend.
Altcoins continue to renew their highs, the dominance index is falling, Ethereum returned above 4K for the first time since May, showing a local high at 4027 on @Binance), $345 shot off it's all-time high.
This weekend I expect Bitcoin in the range of 48000-52000. An alternative option is Bitcoin correction below 48K. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
American e-commerce platform Shop.com begins accepting payments in bitcoin and ether following a partnership with #BitPay. Describing the partnership as the next chapter in doing business, Shop.com president and chief operating officer Steve Ashley said that the BitPay integration is available in all the countries in which Market America operates, including the United States, Canada, Australia, Hong Kong, Taiwan, the United Kingdom, Singapore and Malaysia.Source:cointelegraph.com
India plans to develop a new bill that seeks to segregate cryptocurrencies as commodities based on use cases such as payments as investments or utilities. According to an ET report, (Economic Times) the new draft bill is expected to be tabled in the Parliament’s next winter session that will look into defining cryptocurrencies as an asset/commodity for all purposes including taxation. “The government in its draft bill is working towards defining cryptocurrency and its treatment in various use cases, so that it can be treated correctly in the books of accounts plus it should be taxed in the right manner. It is not looking to allow payments and settlements through virtual currencies,” a source familiar with the matter said.
However, the government is not in the favor of allowing cryptocurrencies as payments and settlements. Only those cryptocurrencies will be allowed to trade that has been approved by the Indian government. “Crypto-assets can be either categorized on the basis of the technology they use or they can be defined on their end-use. So, before talking about how the regulations should work, the government has to spell out what it means by cryptocurrencies.” Source:cryptoknowmics.com
Wishing you a great weekend ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Onward and Upward Bitcoin at $100,000, $5,000 Ethereum Is Path of Least Resistance. Thoughts on the market 06.06. 2021
Over the weekend #Bitcoin moved in the 49450-51950 range. An attempt to break through the resistance at 52K has not yielded results yet. At the time of this writing, the main cryptocurrency is trading around 51,600 with a BTC dominance index of 41.6%. Total Crypto Market capitalization of $2.33 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold and oil are falling.
Everything is fine on the crypto market. Bitcoin clearly worked out the Saturday’s review and moved in the specified range. We were able to overcome the resistance at 51K and went further, but there was not enough strength at 52K and profit taking began from this high.
The weekly candlestick was closed above 51K at 51900 (Binance), the main support is now the level of 50600, and if today we can hold above this level, then we will most likely go to the storm of 52 and 53K.
For today’s outlook, the priority option is the movement of the main cryptocurrency in the range of 49500-53000, if there is no FUD. An alternative option is to go below 49500, which will bring us back to the level at 48000. You may find some good prospects with AST.(Airswap). Check it out if you can.. The set up looks good for a rally.
Lastly, #Bloomberg Senior Commodities Strategist Mike McGlone considers Bitcoin a global reserve asset on its way to $ 100K. And investment portfolios, which include only gold and bonds, seem inferior without the addition of Bitcoin and Ether. A source. : Bloomberg Crypto Outlook September 2021. If you are interested in this report let me know.
Remember, this not financial advice, analysis and crypto market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏.
Over the weekend #Bitcoin moved in the 49450-51950 range. An attempt to break through the resistance at 52K has not yielded results yet. At the time of this writing, the main cryptocurrency is trading around 51,600 with a BTC dominance index of 41.6%. Total Crypto Market capitalization of $2.33 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold and oil are falling.
Everything is fine on the crypto market. Bitcoin clearly worked out the Saturday’s review and moved in the specified range. We were able to overcome the resistance at 51K and went further, but there was not enough strength at 52K and profit taking began from this high.
The weekly candlestick was closed above 51K at 51900 (Binance), the main support is now the level of 50600, and if today we can hold above this level, then we will most likely go to the storm of 52 and 53K.
For today’s outlook, the priority option is the movement of the main cryptocurrency in the range of 49500-53000, if there is no FUD. An alternative option is to go below 49500, which will bring us back to the level at 48000. You may find some good prospects with AST.(Airswap). Check it out if you can.. The set up looks good for a rally.
Lastly, #Bloomberg Senior Commodities Strategist Mike McGlone considers Bitcoin a global reserve asset on its way to $ 100K. And investment portfolios, which include only gold and bonds, seem inferior without the addition of Bitcoin and Ether. A source. : Bloomberg Crypto Outlook September 2021. If you are interested in this report let me know.
Remember, this not financial advice, analysis and crypto market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏.
Too risky? Or worth a try? #Elsalvador is the 1st country to make #bitcoin legal tender. Here's a smart piece from @RafaelRomoCNN on why El Salvador thinks this is one way to alleviate poverty. Crypto Jobs on Offer Too.
Thoughts on the market 07.09.2021
#Bitcoin continued its growth during the day, attaining a high of $52920 on the Binance Exchange. As of this writing, the main cryptocurrency is trading around 52,600 with a total Crypto Market capitalization of $2.37 Trillion, and BTC dominance index of 41.7%
Equity markets finished trading on Monday in different directions. At the moment, futures for the S&P 500 are in a slight uptrend, Asian indices show multidirectional dynamics, gold and oil continue to fall.
The crypto market continues to grow. Bitcoin perfectly fulfilled yesterday's analysis and clearly moved in the specified range. The level of 52000 was broken and we went to storm 53000, but before reaching a few dozen points, a sell off began, and now we are gathering strength for a new leap to 53K.
With the growing dominance index, which is already 41.9%, altcoins are holding up quite well, I would like to separately note the merits of Solana, which since yesterday showed an increase of more than 25% and apparently is not even going to stop. Rightly mentioned it's now No.7 ranking on market capitalization (https://t.me/decryptedge/720) With such growth rates, (XRP)Ripple can soon rally, as was the case with Dogecoin a few days ago.
A new law comes into force in El Salvador today that will make cryptocurrency legal tender. El Salvador President Nayib Bukele has already confirmed that his government has acquired the first 200 BTC for the $ 150 million fund, and that companies that refuse to make bitcoin transactions and use the Chivo national wallet will face sanctions under the Consumer Protection Act. I am more certain that El Salvador will do well and will do all possible that this never fails, as a fast mover on the push for the adoption of cryptocurrency in other countries.
Otherwise, everything is according to plan. New players enter the market, accumulation continues, the dollar index loses strength, and the cue ball begins to move to highs. On a cautionary view expect a small correction in the near future.
For today Bitcoin is in the range of 50,000-54000, an alternative option is going below 50K, in which case we will return to the levels at 49-48K.
President of Ukraine Volodymyr Zelenskyy, at a meeting with investors in Silicon Valley, said that the launch of a legal market for virtual assets is one of the priorities for the development of the country's digital economy. A source. President.gov.ua
The international rating agency Moody’s has posted a vacancy for a specialist in the field of cryptocurrencies and DeFi. A source: LinkedIn (https://www.linkedin.com/jobs/view/2704870457/) Moody's (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. With 11,000 employees in more than 40 countries. If interested, apply on the link above.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the market 07.09.2021
#Bitcoin continued its growth during the day, attaining a high of $52920 on the Binance Exchange. As of this writing, the main cryptocurrency is trading around 52,600 with a total Crypto Market capitalization of $2.37 Trillion, and BTC dominance index of 41.7%
Equity markets finished trading on Monday in different directions. At the moment, futures for the S&P 500 are in a slight uptrend, Asian indices show multidirectional dynamics, gold and oil continue to fall.
The crypto market continues to grow. Bitcoin perfectly fulfilled yesterday's analysis and clearly moved in the specified range. The level of 52000 was broken and we went to storm 53000, but before reaching a few dozen points, a sell off began, and now we are gathering strength for a new leap to 53K.
With the growing dominance index, which is already 41.9%, altcoins are holding up quite well, I would like to separately note the merits of Solana, which since yesterday showed an increase of more than 25% and apparently is not even going to stop. Rightly mentioned it's now No.7 ranking on market capitalization (https://t.me/decryptedge/720) With such growth rates, (XRP)Ripple can soon rally, as was the case with Dogecoin a few days ago.
A new law comes into force in El Salvador today that will make cryptocurrency legal tender. El Salvador President Nayib Bukele has already confirmed that his government has acquired the first 200 BTC for the $ 150 million fund, and that companies that refuse to make bitcoin transactions and use the Chivo national wallet will face sanctions under the Consumer Protection Act. I am more certain that El Salvador will do well and will do all possible that this never fails, as a fast mover on the push for the adoption of cryptocurrency in other countries.
Otherwise, everything is according to plan. New players enter the market, accumulation continues, the dollar index loses strength, and the cue ball begins to move to highs. On a cautionary view expect a small correction in the near future.
For today Bitcoin is in the range of 50,000-54000, an alternative option is going below 50K, in which case we will return to the levels at 49-48K.
President of Ukraine Volodymyr Zelenskyy, at a meeting with investors in Silicon Valley, said that the launch of a legal market for virtual assets is one of the priorities for the development of the country's digital economy. A source. President.gov.ua
The international rating agency Moody’s has posted a vacancy for a specialist in the field of cryptocurrencies and DeFi. A source: LinkedIn (https://www.linkedin.com/jobs/view/2704870457/) Moody's (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. With 11,000 employees in more than 40 countries. If interested, apply on the link above.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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Make or Break for BTC, Thoughts on the market 31.08.2021
Bitcoin yesterday moved in the range of 48888-46700 with several attempts to gain a foothold above 48K. At the time of writing this review bitcoin is trading at about 47100 with a dominance index…
Bitcoin yesterday moved in the range of 48888-46700 with several attempts to gain a foothold above 48K. At the time of writing this review bitcoin is trading at about 47100 with a dominance index…
Republic of #Panama Introduces Bill for Regulating #Crypto as #McDonald's now accepts Bitcoins, But Only in El Salvador.
Thoughts on the market 9.08. 2021.
Yesterday evening, Bitcoin lost support at 50K, going down to a low of 42843 on #Binance Exchange. This correction is gradually being redeemed and now Bitcoin is trading at about 46300. With a Crypto Market capitalization of $2.07 Trillion, BTC dominance index at 42.0%
Equity markets finished trading on Tuesday in different directions. The Dow Jones fell 0.76%, the S&P 500 fell 0.34%, and the NASDAQ rose 0.07%. Gold fell 2.07%. The dollar index rose 0.56% to 92.552.
An alternative version of yesterday's review worked out. Bitcoin failed to hold above the key support level of 50K and moved to a decline, the minimum was set at 42843. Altcoins followed the main cryptocurrency, some lost 20 percent or more, and the market capitalization fell below two trillion.
This correction happened right on the day when El Salvador recognized #Bitcoin as legal tender. Yesterday I warned about such a correction, and a test of 42K level on September 1.(https://t.me/decryptedge/722) Also, on August 30. Such a correction should not have come as a surprise. We grew too quickly and it was extremely important for us to unload, and now nothing prevents us from testing new highs.
Plan for today. Bitcoin is in the range of 44000-48000, an alternative option is going below 44K, in which case we will return to the levels at 43-42K.
To some news, McDonald's now accepts bitcoins, but only in El Salvador, after the country officially recognized cryptocurrency as legal tender. Shared via a Tweet by Aaron van Wirdum @AaronvanW who wrote “Just walked into a #McDonald's in San Salvador to see if I could pay for my breakfast with bitcoin, tbh(to be honest) fully expecting to be told no. But low and behold, they printed a ticket with QR that took me to a webpage with #Lightning invoice, and now I'm enjoying my traditional desayuno! Besides this the real news is El Salvador Banks will be regulatorily holding government subsidized BTC. That is the real news.
Amid Bitcoin (BTC) becoming legal tender in El Salvador, another country in Central America is progressing on its way to enable freedom to use cryptocurrencies like BTC and Ether (ETH). On Monday, the Republic of Panama introduced a bill on regulating cryptocurrencies, aiming to make the country “compatible with the blockchain, crypto assets and the internet.” Announcing the news on Twitter, Panamanian pro-crypto congressman Gabriel Silva stressed that the new legal initiative has the potential to generate thousands of jobs, create new investment sources, as well as make the government “more transparent.” In contrast to the government of El Salvador, which has required local businesses to accept Bitcoin in exchange for goods or services alongside the United States dollar, Panama’s new crypto bill does not intend to force obligatory Bitcoin acceptance. Instead, the legislation calls to establish freedom to use cryptocurrencies like Bitcoin and Ether in Panama, local TV network Telemetro reported.Source: cointelegraph.
Wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
Thoughts on the market 9.08. 2021.
Yesterday evening, Bitcoin lost support at 50K, going down to a low of 42843 on #Binance Exchange. This correction is gradually being redeemed and now Bitcoin is trading at about 46300. With a Crypto Market capitalization of $2.07 Trillion, BTC dominance index at 42.0%
Equity markets finished trading on Tuesday in different directions. The Dow Jones fell 0.76%, the S&P 500 fell 0.34%, and the NASDAQ rose 0.07%. Gold fell 2.07%. The dollar index rose 0.56% to 92.552.
An alternative version of yesterday's review worked out. Bitcoin failed to hold above the key support level of 50K and moved to a decline, the minimum was set at 42843. Altcoins followed the main cryptocurrency, some lost 20 percent or more, and the market capitalization fell below two trillion.
This correction happened right on the day when El Salvador recognized #Bitcoin as legal tender. Yesterday I warned about such a correction, and a test of 42K level on September 1.(https://t.me/decryptedge/722) Also, on August 30. Such a correction should not have come as a surprise. We grew too quickly and it was extremely important for us to unload, and now nothing prevents us from testing new highs.
Plan for today. Bitcoin is in the range of 44000-48000, an alternative option is going below 44K, in which case we will return to the levels at 43-42K.
To some news, McDonald's now accepts bitcoins, but only in El Salvador, after the country officially recognized cryptocurrency as legal tender. Shared via a Tweet by Aaron van Wirdum @AaronvanW who wrote “Just walked into a #McDonald's in San Salvador to see if I could pay for my breakfast with bitcoin, tbh(to be honest) fully expecting to be told no. But low and behold, they printed a ticket with QR that took me to a webpage with #Lightning invoice, and now I'm enjoying my traditional desayuno! Besides this the real news is El Salvador Banks will be regulatorily holding government subsidized BTC. That is the real news.
Amid Bitcoin (BTC) becoming legal tender in El Salvador, another country in Central America is progressing on its way to enable freedom to use cryptocurrencies like BTC and Ether (ETH). On Monday, the Republic of Panama introduced a bill on regulating cryptocurrencies, aiming to make the country “compatible with the blockchain, crypto assets and the internet.” Announcing the news on Twitter, Panamanian pro-crypto congressman Gabriel Silva stressed that the new legal initiative has the potential to generate thousands of jobs, create new investment sources, as well as make the government “more transparent.” In contrast to the government of El Salvador, which has required local businesses to accept Bitcoin in exchange for goods or services alongside the United States dollar, Panama’s new crypto bill does not intend to force obligatory Bitcoin acceptance. Instead, the legislation calls to establish freedom to use cryptocurrencies like Bitcoin and Ether in Panama, local TV network Telemetro reported.Source: cointelegraph.
Wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
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Former #US president calls #crypto a 'disaster waiting to happen' Thoughts on the market 1.09.2021
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review…
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review…