#Ether should be 55% lower and is facing tough competition from #solana and other blockchains, #JPMorgan strategist Says.
Thoughts on the market 21.09. 2021
#Bitcoin today fell to levels of about 40K, reaching local lows at 40200 Binance, the correction nonetheless, was gradually bought out and the main cryptocurrency moved to growth. At the time of writing, Bitcoin is trading at 42,500, with a BTC dominance index of 42.6%. Total Crypto Market capitalization $1.86 Trillion.
Equity markets closed lower on Monday. The Dow Jones fell 1.78% to hit a monthly low, the S&P 500 lost 1.70%, and the NASDAQ dropped 2.19%. The dollar index rose 0.07% to 93.237.
Yesterday On the #crypto market. Bitcoin could not return and gain a foothold at 47,000 and began to fall with a sell off continuing to 40,200 mark. Total Crypto Market capitalization fell below 2 trillion, the fear and greed index at its maximum values. There is no faith in the market, everyone is waiting for a further decline.
The reasons for this decline were named yesterday, and to them it is worth adding a direct correlation with the stock market, which is now also looking for a bottom and inverse with the dollar index. This connection can be traced back to March 2020, and as soon as the dollar begins to fall to 91-90, the growth of Bitcoin will be very rapid. I also said yesterday that such prices should be viewed as a gift and that you should take advantage of such discounts in order to open positions at a great price.
For today if we cannot return and gain a foothold above 43K, then again we will go to 41-40K. When a new FUD appears, we can break through support at 40K. If we fix above 43K, then there is an opportunity for growth to 45K and above.
One, example of FUD is like this news by #JPMorgan who now estimates that the fair price for Ethereum based on network activity metrics is only $ 1,500. Nikolaos Panigirtzoglou told Insider that the #ethereum network is less attractive than the current price of ether suggests, as it's facing growing competition from blockchains such as #solana and #cardano. Panigirtzoglou, who has become JPMorgan's crypto expert, said he and his team have looked at various measures of activity on the ethereum network to try to work out a fair value for the token.
JPMorgan reckons that a larger base of miners and users implies greater adoption and makes the network more attractive for product developers. "We look at the hashrate and the number of unique addresses to try to understand the value for ethereum. We're struggling to go above $1,500," he said. "There is a question mark here. The current price is expressing an exponential increase in usage and traffic that might not materialise. A source.:markets.businessinsider.com
Interesting how we have experts coming out with figures to be wary and cautious. You may find some good prospects with Wazirx(#WRX) its now at 2552 sats.
Wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge, #blockchain
Thoughts on the market 21.09. 2021
#Bitcoin today fell to levels of about 40K, reaching local lows at 40200 Binance, the correction nonetheless, was gradually bought out and the main cryptocurrency moved to growth. At the time of writing, Bitcoin is trading at 42,500, with a BTC dominance index of 42.6%. Total Crypto Market capitalization $1.86 Trillion.
Equity markets closed lower on Monday. The Dow Jones fell 1.78% to hit a monthly low, the S&P 500 lost 1.70%, and the NASDAQ dropped 2.19%. The dollar index rose 0.07% to 93.237.
Yesterday On the #crypto market. Bitcoin could not return and gain a foothold at 47,000 and began to fall with a sell off continuing to 40,200 mark. Total Crypto Market capitalization fell below 2 trillion, the fear and greed index at its maximum values. There is no faith in the market, everyone is waiting for a further decline.
The reasons for this decline were named yesterday, and to them it is worth adding a direct correlation with the stock market, which is now also looking for a bottom and inverse with the dollar index. This connection can be traced back to March 2020, and as soon as the dollar begins to fall to 91-90, the growth of Bitcoin will be very rapid. I also said yesterday that such prices should be viewed as a gift and that you should take advantage of such discounts in order to open positions at a great price.
For today if we cannot return and gain a foothold above 43K, then again we will go to 41-40K. When a new FUD appears, we can break through support at 40K. If we fix above 43K, then there is an opportunity for growth to 45K and above.
One, example of FUD is like this news by #JPMorgan who now estimates that the fair price for Ethereum based on network activity metrics is only $ 1,500. Nikolaos Panigirtzoglou told Insider that the #ethereum network is less attractive than the current price of ether suggests, as it's facing growing competition from blockchains such as #solana and #cardano. Panigirtzoglou, who has become JPMorgan's crypto expert, said he and his team have looked at various measures of activity on the ethereum network to try to work out a fair value for the token.
JPMorgan reckons that a larger base of miners and users implies greater adoption and makes the network more attractive for product developers. "We look at the hashrate and the number of unique addresses to try to understand the value for ethereum. We're struggling to go above $1,500," he said. "There is a question mark here. The current price is expressing an exponential increase in usage and traffic that might not materialise. A source.:markets.businessinsider.com
Interesting how we have experts coming out with figures to be wary and cautious. You may find some good prospects with Wazirx(#WRX) its now at 2552 sats.
Wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge, #blockchain
#FOMC MEETING: WHY IS SO IMPORTANT. Is #Bitcoin Correlated to #Stocks?
Thoughts on the market: 22.09. 2021
#American futures this morning are trading as follows: Dow Jones + 0.39%, S&P 500 + 0.34%, Nasdaq + 0.29%. Fear and Greed Index -0.21%. The dollar index is growing by + 0.04%.
The main focus today will be on the #FOMC meeting and the speeches of the members of the Federal Reserve. As you may have noticed, the stock markets began to fall and this is due to the fact that the main participants are waiting for speeches at the meeting.
More recently, banks and we have also warned of the risk of a market crash. Perhaps I can write about this separately. Correction of the markets, meaning a large-scale correction in the S&P 500 in the amount of 10% minimum, it will be. The only problem is that neither I nor you know exactly when it will be.
We are not gods to tell you for certain the dates of the events taking place, but we can see that the threat to this has simply become more pronounced than ever before.
In brief, the current growth in equity markets is mainly driven by the printing of new money by the Federal Reserve and low interest rates. Today there will be a meeting of the FOMC, where they will make their forecasts and make decisions - whether to continue the current policy or to wind it up, and if it does, when exactly? All of this can affect the markets in both positive and negative ways.
If the tone is positive at the meeting, then the markets will be revived with optimism and we will go to a new renewal of the highs. The volumes will increase again, huge money will continue to be poured into the market and the celebration of life will continue.
The price of #bitcoin (BTC) dropped sharply on monday. This BTC sell-off prompted by investors selling-off risk assets amid a global equity decline precipitated by China’s Evergrande(link as shared below)woes and possible QE pullback in Western countries. Bitcoin lost as much as 10% on Monday morning and another 5% today. Between 2018 and 2020, BTC showed correlation with the world’s largest stock index – S&P 500 index.
The #FOMC meetings and the current fall may be the beginning of this correction. It has all the figures pointing that it can become because of it, coupled with the #Evergrande. Had shared a good write up on #linkedin titled (Here is what you need to know about why #Chinese #RealEstate may impact #Crypto and even #US markets.https://bit.ly/3CCSDp8) again, just probabilities.
So we wait and most importantly 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 🙏.
Thoughts on the market: 22.09. 2021
#American futures this morning are trading as follows: Dow Jones + 0.39%, S&P 500 + 0.34%, Nasdaq + 0.29%. Fear and Greed Index -0.21%. The dollar index is growing by + 0.04%.
The main focus today will be on the #FOMC meeting and the speeches of the members of the Federal Reserve. As you may have noticed, the stock markets began to fall and this is due to the fact that the main participants are waiting for speeches at the meeting.
More recently, banks and we have also warned of the risk of a market crash. Perhaps I can write about this separately. Correction of the markets, meaning a large-scale correction in the S&P 500 in the amount of 10% minimum, it will be. The only problem is that neither I nor you know exactly when it will be.
We are not gods to tell you for certain the dates of the events taking place, but we can see that the threat to this has simply become more pronounced than ever before.
In brief, the current growth in equity markets is mainly driven by the printing of new money by the Federal Reserve and low interest rates. Today there will be a meeting of the FOMC, where they will make their forecasts and make decisions - whether to continue the current policy or to wind it up, and if it does, when exactly? All of this can affect the markets in both positive and negative ways.
If the tone is positive at the meeting, then the markets will be revived with optimism and we will go to a new renewal of the highs. The volumes will increase again, huge money will continue to be poured into the market and the celebration of life will continue.
The price of #bitcoin (BTC) dropped sharply on monday. This BTC sell-off prompted by investors selling-off risk assets amid a global equity decline precipitated by China’s Evergrande(link as shared below)woes and possible QE pullback in Western countries. Bitcoin lost as much as 10% on Monday morning and another 5% today. Between 2018 and 2020, BTC showed correlation with the world’s largest stock index – S&P 500 index.
The #FOMC meetings and the current fall may be the beginning of this correction. It has all the figures pointing that it can become because of it, coupled with the #Evergrande. Had shared a good write up on #linkedin titled (Here is what you need to know about why #Chinese #RealEstate may impact #Crypto and even #US markets.https://bit.ly/3CCSDp8) again, just probabilities.
So we wait and most importantly 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 🙏.
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#Evergande What you need to know about Why #Chinese #RealEstate May Impact #Crypto and Even US Markets.
Chinese developers stocks dropping off a cliff in the HK morning session today. Thanks to Adam Cochran for tweeting about this all credits to him follow him on @adamscochran Evergande ($3333.
U.S. Treasury Sanctions #Cryptocurrency Exchange for Alleged Role in Ransomware Attacks, While 54% of El Salvador Residents Have no clear idea of #Bitcoin or #Cryptocurrency.
Thoughts on the market 23. 09. 2021
Yesterday, Bitcoin moved within the range of 40560-44290 and at the time of writing this review, the main cryptocurrency is trading around 43900, with a #BTC dominance index of 41.9%. Total Crypto market capitalization is $1.97 Trillion.
With #Bitcoin was able to retain above 42k and continued its growth, reaching 44296 on the BINANCE Exchange, after which a sell-off and now we are trying to return to 44K.
Altcoins followed the main cryptocurrency, seeing 10-15% gains on some cryptocurrencies.
Positives to the market brought the chairman of the US Federal Reserve System Jerome Powell, who stated that the Central Bank plans to maintain the current level of monthly injections in the foreseeable future.
For today if Bitcoin is able to overcome and fasten up 44000-44200, the following important impedance will be 45,000, the breakthrough of which will give all the possibilities for growth to 46-47k. If we can't, 43-42k is the option, below 42 may strengthen the drop to 40k.
There is another new survey showing that 54% of El Salvador residents still have no clear idea of Bitcoin or cryptocurrency. The country made global headlines with its president's controversial introduction of Bitcoin (BTC) as legal tender — a move that has sparked dissent from many citizens and was met with skepticism by the International Monetary Fund. A new survey suggests that despite these developments, most El Salvadoreans still know little about the veteran cryptocurrency and even less about its smaller-market cap counterparts. Source: Cointelegraph. We talked about here https://t.me/decryptedge/746 Education is key on such new emerging technologies and finance.
Lasty, the United States has imposed sanctions against SUEX Crypto Exchange with offices in Moscow and St. Petersburg. Though Cryptocurrency transactions are decentralized and can be harder to trace than those conducted through traditional financial institutions, the department said that in Suex’s case, it helped facilitate illegal activity “for their own illicit gains.” The department alleged that Suex “has facilitated transactions involving illicit proceeds from at least eight ransomware variants.” It also said that more than 40% of the company’s known transaction history is “associated with illicit actors.”
Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Thoughts on the market 23. 09. 2021
Yesterday, Bitcoin moved within the range of 40560-44290 and at the time of writing this review, the main cryptocurrency is trading around 43900, with a #BTC dominance index of 41.9%. Total Crypto market capitalization is $1.97 Trillion.
With #Bitcoin was able to retain above 42k and continued its growth, reaching 44296 on the BINANCE Exchange, after which a sell-off and now we are trying to return to 44K.
Altcoins followed the main cryptocurrency, seeing 10-15% gains on some cryptocurrencies.
Positives to the market brought the chairman of the US Federal Reserve System Jerome Powell, who stated that the Central Bank plans to maintain the current level of monthly injections in the foreseeable future.
For today if Bitcoin is able to overcome and fasten up 44000-44200, the following important impedance will be 45,000, the breakthrough of which will give all the possibilities for growth to 46-47k. If we can't, 43-42k is the option, below 42 may strengthen the drop to 40k.
There is another new survey showing that 54% of El Salvador residents still have no clear idea of Bitcoin or cryptocurrency. The country made global headlines with its president's controversial introduction of Bitcoin (BTC) as legal tender — a move that has sparked dissent from many citizens and was met with skepticism by the International Monetary Fund. A new survey suggests that despite these developments, most El Salvadoreans still know little about the veteran cryptocurrency and even less about its smaller-market cap counterparts. Source: Cointelegraph. We talked about here https://t.me/decryptedge/746 Education is key on such new emerging technologies and finance.
Lasty, the United States has imposed sanctions against SUEX Crypto Exchange with offices in Moscow and St. Petersburg. Though Cryptocurrency transactions are decentralized and can be harder to trace than those conducted through traditional financial institutions, the department said that in Suex’s case, it helped facilitate illegal activity “for their own illicit gains.” The department alleged that Suex “has facilitated transactions involving illicit proceeds from at least eight ransomware variants.” It also said that more than 40% of the company’s known transaction history is “associated with illicit actors.”
Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
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KryptoEdge
Protesters Burn #Bitcoin ATM as part of Demonstration Against El Salvador President: “democracy is not for sale.” Russia central bank says bitcoin is a Financial Pyramid: “your money will be taken away”
Thoughts on the market 16.09. 2021
Yesterday #Bitcoin…
Thoughts on the market 16.09. 2021
Yesterday #Bitcoin…
You Can Now Get Paid in #Bitcoin to use #Twitter.
Thoughts on the market 24.09.2021
Bitcoin moved in the 44980-43070 range during the day. With several attempts this morning to break through the 45K resistance, but so far with no success. At the time of writing this review, the main cryptocurrency is trading at around 44,200, with a BTC dominance index 42.2%. Total Crypto Market capitalisation of $1.97 Trillion.
Equity markets closed up Thursday trading. The Dow Jones is up 1.48%, the S&P 500 is up 1.21%, and the NASDAQ is up 1.04%. Gold Futures for December delivery was down 2.15% to 1.740.60 a troy ounce. The dollar index dropped 0.38% to 93.102.
Bitcoin met yesterday's expectations, and worked out the scenario with fixing above 44K, a low of 44978 was registered at Binance. Most top altcoins are trying to keep up with the main cryptocurrency. BTC retested the 44K area and that was the last support line before the breakdown to $40K, right now, we notice a decrease in selling momentum, with no significant increase in the buy that suggests the bulls are over again, So we still looking for another selling wave to $34/$32K and lower than these levels probably. However this view will fail if the bulls reclaimed $50/55K daily close.
#Twitter brought positive to the market, which allowed content authors to accept donations in bitcoin. So far only on devices running iOS, but will soon be available on Android. I hope that this approach will be adopted by other companies as well. We spoke about it here(https://t.me/decryptedge/718)
Months ago he tweeted that he is trying his hand at bitcoin mining. He said he doesn’t think there is anything more important to work on than bitcoin and he has even said that his hope is bitcoin will bring about world peace.
Plan for today. Bitcoin is in the range of 42000-46000, an alternative option is going below 42K, in which case we can go back to 40K**
Wishing you a great peaceful day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge. #cryptocurrency #investment #research #Ethereum #Blockchain
Thoughts on the market 24.09.2021
Bitcoin moved in the 44980-43070 range during the day. With several attempts this morning to break through the 45K resistance, but so far with no success. At the time of writing this review, the main cryptocurrency is trading at around 44,200, with a BTC dominance index 42.2%. Total Crypto Market capitalisation of $1.97 Trillion.
Equity markets closed up Thursday trading. The Dow Jones is up 1.48%, the S&P 500 is up 1.21%, and the NASDAQ is up 1.04%. Gold Futures for December delivery was down 2.15% to 1.740.60 a troy ounce. The dollar index dropped 0.38% to 93.102.
Bitcoin met yesterday's expectations, and worked out the scenario with fixing above 44K, a low of 44978 was registered at Binance. Most top altcoins are trying to keep up with the main cryptocurrency. BTC retested the 44K area and that was the last support line before the breakdown to $40K, right now, we notice a decrease in selling momentum, with no significant increase in the buy that suggests the bulls are over again, So we still looking for another selling wave to $34/$32K and lower than these levels probably. However this view will fail if the bulls reclaimed $50/55K daily close.
#Twitter brought positive to the market, which allowed content authors to accept donations in bitcoin. So far only on devices running iOS, but will soon be available on Android. I hope that this approach will be adopted by other companies as well. We spoke about it here(https://t.me/decryptedge/718)
Months ago he tweeted that he is trying his hand at bitcoin mining. He said he doesn’t think there is anything more important to work on than bitcoin and he has even said that his hope is bitcoin will bring about world peace.
Plan for today. Bitcoin is in the range of 42000-46000, an alternative option is going below 42K, in which case we can go back to 40K**
Wishing you a great peaceful day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge. #cryptocurrency #investment #research #Ethereum #Blockchain
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KryptoEdge
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…
Thoughts on the market 30.08. 2021
On the weekend, #Bitcoin moved in the range…
Let;s plug in,,
Today on BITCOIN101 Session we talk about...
- Is This The End of BITCOIN.
- Crypto-Markets news and this week updates.
- Open Q & A session.
Join Zoom Meeting
https://us02web.zoom.us/j/2451273744?pwd=dlM3UkdvS0gxWWtSMEVrWS9nSzAzQT09
Meeting ID: 245 127 3744
Passcode: BITCOIN101
Today on BITCOIN101 Session we talk about...
- Is This The End of BITCOIN.
- Crypto-Markets news and this week updates.
- Open Q & A session.
Join Zoom Meeting
https://us02web.zoom.us/j/2451273744?pwd=dlM3UkdvS0gxWWtSMEVrWS9nSzAzQT09
Meeting ID: 245 127 3744
Passcode: BITCOIN101
#India Tops The List Of #Crypto Ownership With 100 Million #Hodlers, Where Does Your Country Place? Thoughts on the market 27. 09. 2021
Bitcoin on the weekend began a new growth, with price racing to 44350 on the Binance Exchange. Just this morning it made it to above 44K level. BTc dominance index is at 42.4% and total crypto market capitalization of $1.96 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are up 0.36%, Asian ones are trading in the green zone. Gold, silver and oil are also on the rise.
Bitcoin, as expected, had a pretty tumultuous weekend. After the Chinese FUD on Friday and falling to lows at 40675 (Binance), a sharp recovery began on Sunday. Altcoins are skyrocketing along with the main cryptocurrency, with some showing 20-25% growth.
Unfortunately, on Saturday I could not upload a review, but there was nothing special to write about, now the Chinese negative should be viewed exclusively as FUD, which no longer makes much of the weather on the market. At such moments, as a rule, new participants who have just entered the market are thrown off as evedinently noted on some messages I got.
My opinion has not changed, China has already been forgotten in crypto history, and all the opportunities that were associated with cryptocurrency are being successfully shared by other countries. He, as a "former", no longer decides anything, but perhaps may spoil the mood. The same will happen with Turkey, Russia and other countries that are now "at war" with cryptocurrencies, they will remain in history as those who missed opportunities and made the wrong choice.
The weekly candle closed above 43K, the price even formed a double bottom pattern. Important resistance is at the levels of 44800-45000, a breakdown of which will give us new strength for growth.
Plan for today. Bitcoin is in the range of 42000-46000, an alternative option is going below 42K. But I think that we have already found the bottom and now we will gain momentum to continue the growth. On the other hand, September is not over yet and there may be surprises.
Some interesting news, despite India’s recent regulatory woes, stand out as the country with the most hodlers, at 100 million users, or 7.3% of the population. Considering the country’s top exchange, #WazirX, ranks highly on CoinMarketCap’s exchange score, which looks at web traffic, liquidity, and volume. Not forgetting the consistently high volume of BTC/INR turned over, with $40.3 billion transacted in the last 24-hours, perhaps this isn’t a shock to many people. However, you might be surprised at the country with the highest hodlers as a percentage of the population.
The top 10 countries with the most hodlers show a surprising number of developing nations on the list. Interestingly, China doesn’t appear on the list, which may understate the macro picture. But nonetheless, the top 10 are: Posting the full list here.
What’s more, countries with the highest #hodlers as a percentage of the population also throw up some surprises with notable crypto powerhouses, such as South Korea, not making the top 10. Kenya ranks 9th with Nigeria ranking 4th. Source Bitcoinst.com.
Wishing you a blessed week ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge, #blockchain
Bitcoin on the weekend began a new growth, with price racing to 44350 on the Binance Exchange. Just this morning it made it to above 44K level. BTc dominance index is at 42.4% and total crypto market capitalization of $1.96 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are up 0.36%, Asian ones are trading in the green zone. Gold, silver and oil are also on the rise.
Bitcoin, as expected, had a pretty tumultuous weekend. After the Chinese FUD on Friday and falling to lows at 40675 (Binance), a sharp recovery began on Sunday. Altcoins are skyrocketing along with the main cryptocurrency, with some showing 20-25% growth.
Unfortunately, on Saturday I could not upload a review, but there was nothing special to write about, now the Chinese negative should be viewed exclusively as FUD, which no longer makes much of the weather on the market. At such moments, as a rule, new participants who have just entered the market are thrown off as evedinently noted on some messages I got.
My opinion has not changed, China has already been forgotten in crypto history, and all the opportunities that were associated with cryptocurrency are being successfully shared by other countries. He, as a "former", no longer decides anything, but perhaps may spoil the mood. The same will happen with Turkey, Russia and other countries that are now "at war" with cryptocurrencies, they will remain in history as those who missed opportunities and made the wrong choice.
The weekly candle closed above 43K, the price even formed a double bottom pattern. Important resistance is at the levels of 44800-45000, a breakdown of which will give us new strength for growth.
Plan for today. Bitcoin is in the range of 42000-46000, an alternative option is going below 42K. But I think that we have already found the bottom and now we will gain momentum to continue the growth. On the other hand, September is not over yet and there may be surprises.
Some interesting news, despite India’s recent regulatory woes, stand out as the country with the most hodlers, at 100 million users, or 7.3% of the population. Considering the country’s top exchange, #WazirX, ranks highly on CoinMarketCap’s exchange score, which looks at web traffic, liquidity, and volume. Not forgetting the consistently high volume of BTC/INR turned over, with $40.3 billion transacted in the last 24-hours, perhaps this isn’t a shock to many people. However, you might be surprised at the country with the highest hodlers as a percentage of the population.
The top 10 countries with the most hodlers show a surprising number of developing nations on the list. Interestingly, China doesn’t appear on the list, which may understate the macro picture. But nonetheless, the top 10 are: Posting the full list here.
What’s more, countries with the highest #hodlers as a percentage of the population also throw up some surprises with notable crypto powerhouses, such as South Korea, not making the top 10. Kenya ranks 9th with Nigeria ranking 4th. Source Bitcoinst.com.
Wishing you a blessed week ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge, #blockchain
A Rundown Of The Highlights.
The top 10 countries with the most hodlers show a surprising number of developing nations on the list. Interestingly, China doesn’t appear on the list, which may understate the macro picture. But nonetheless, the top 10 are:
1. India – 100.7 million
2. USA – 27.5 million
3. Russia – 17.4 million
4. Nigeria – 13 million
5. Brazil – 10.4 million
6. Pakistan – 9.1 million
7. Vietnam – 6 million
8. Ukraine – 5.6 million
9. Kenya – 4.6 million
10. Philippines – 4.4 million
What’s more, countries with the highest hodlers as a percentage of the population also throw up some surprises with notable crypto powerhouses, such as South Korea, not making the top 10.
Ukraine 12.73%
Russia 11.91%
Venezuela 10.34%
Singapore 9.04%
Kenya 8.52%
USA 8.31%
India 7.30%
South Africa 7.11%
Nigeria 6.31%
Colombia 6.14%
Earlier this month, having legalized crypto in a near-unanimous vote, Ukraine’s President Zelensky signaled his intent to go one step further and make Bitcoin legal tender, as El Salvador has done. There are reports of President Zelensky forming a close relationship with President Bukele in sharing ideas and plans for the financial future of their respective nations.
Story by Samuel Wan - bitcoinst.com
The top 10 countries with the most hodlers show a surprising number of developing nations on the list. Interestingly, China doesn’t appear on the list, which may understate the macro picture. But nonetheless, the top 10 are:
1. India – 100.7 million
2. USA – 27.5 million
3. Russia – 17.4 million
4. Nigeria – 13 million
5. Brazil – 10.4 million
6. Pakistan – 9.1 million
7. Vietnam – 6 million
8. Ukraine – 5.6 million
9. Kenya – 4.6 million
10. Philippines – 4.4 million
What’s more, countries with the highest hodlers as a percentage of the population also throw up some surprises with notable crypto powerhouses, such as South Korea, not making the top 10.
Ukraine 12.73%
Russia 11.91%
Venezuela 10.34%
Singapore 9.04%
Kenya 8.52%
USA 8.31%
India 7.30%
South Africa 7.11%
Nigeria 6.31%
Colombia 6.14%
Earlier this month, having legalized crypto in a near-unanimous vote, Ukraine’s President Zelensky signaled his intent to go one step further and make Bitcoin legal tender, as El Salvador has done. There are reports of President Zelensky forming a close relationship with President Bukele in sharing ideas and plans for the financial future of their respective nations.
Story by Samuel Wan - bitcoinst.com
#China’s Biggest and Global Online Store #Alibaba Shuts Down Sale of Virtual Currency Miners & Accessories Amidst Pressure from Govt.
Thoughts on the market 28 09 2021
Bitcoin moved within the 44350-42100 range yesterday and at the time of writing this review, the main cryptocurrency is trading at around 42,500. BTC dominance index of 42.5%. Total Crypto Market capitalization of $1.88 Trillion.
The stock market finished trading on Monday in different directions. The Dow Jones rose 0.21%, the S&P 500 fell 0.28%, and the NASDAQ fell 0.52%. Gold and silver are down, oil is up. The dollar index rose 0.05% to 93.43.
With the priority version of yesterday's forecast working out. Bitcoin tried several times to gain a foothold above 44K, but did not succeed and began to decline, to a low price of $41942 registered on the Binance Exchange. Remember our 24th September update: https://t.me/decryptedge/759. BTC retested the 44K area and that was the last support line before the breakdown to $40K, So we are still looking for another selling wave to $34/$32K and lower than these levels probably. However this view will fail if the bulls reclaimed $50/55K daily close.
Plan for today. If Bitcoin cannot return and gain a foothold above 43,000, then we go to below 42,000, if this support does not resist, then we can go to 40,000 for refueling. Leaving and consolidating above 43000 will give an opportunity for growth to the levels of 44000-45000.
Interesting and may drive some more FUD, For the same reason, Alibaba will prohibit the sale of mining hardware on its platform from October 8, 2021. As per the website’s announcement section read: Announcement on Prohibition Against Selling Virtual Currency Miners
It is a long letter for full details check post on PDF here. Exempt from the letter notes “after thorough evaluation, taking into account the instability of laws and regulations on virtual currencies and relevant products in various international markets, Alibaba.com will prohibit the sale of virtual currency miners in addition to the prohibition against selling virtual currencies such as Bitcoin, Litecoin, BeaoCoin, QuarkCoin, and Ethereum, which include but are not limited to:
1) Hardware and software used to obtain virtual currencies such as Bitcoin miners ;
2) Tutorials, strategies, and software for obtaining virtual currencies such as tutorials on mining. “. It further warns, “The following two categories will be closed:
Consumer Electronics > Blockchain Miners > Blockchain Miner Accessories
Consumer Electronics > Blockchain Miners > Blockchain Miners” At the backdrop of all of this, lest we forget, the big blow to Alibaba’s already precarious position, since the $37 billion IPO of Ant Group, predicted or ought to have been the largest IPO was abruptly suspended by regulators last November, Alibaba and its founder Jack Ma have been continuously under enormous political pressure. Jack Ma publicly accused the Chinese government of overregulation over the financial sector, tempting PBOC to impose some real regulations. I guess this is it.
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
Thoughts on the market 28 09 2021
Bitcoin moved within the 44350-42100 range yesterday and at the time of writing this review, the main cryptocurrency is trading at around 42,500. BTC dominance index of 42.5%. Total Crypto Market capitalization of $1.88 Trillion.
The stock market finished trading on Monday in different directions. The Dow Jones rose 0.21%, the S&P 500 fell 0.28%, and the NASDAQ fell 0.52%. Gold and silver are down, oil is up. The dollar index rose 0.05% to 93.43.
With the priority version of yesterday's forecast working out. Bitcoin tried several times to gain a foothold above 44K, but did not succeed and began to decline, to a low price of $41942 registered on the Binance Exchange. Remember our 24th September update: https://t.me/decryptedge/759. BTC retested the 44K area and that was the last support line before the breakdown to $40K, So we are still looking for another selling wave to $34/$32K and lower than these levels probably. However this view will fail if the bulls reclaimed $50/55K daily close.
Plan for today. If Bitcoin cannot return and gain a foothold above 43,000, then we go to below 42,000, if this support does not resist, then we can go to 40,000 for refueling. Leaving and consolidating above 43000 will give an opportunity for growth to the levels of 44000-45000.
Interesting and may drive some more FUD, For the same reason, Alibaba will prohibit the sale of mining hardware on its platform from October 8, 2021. As per the website’s announcement section read: Announcement on Prohibition Against Selling Virtual Currency Miners
It is a long letter for full details check post on PDF here. Exempt from the letter notes “after thorough evaluation, taking into account the instability of laws and regulations on virtual currencies and relevant products in various international markets, Alibaba.com will prohibit the sale of virtual currency miners in addition to the prohibition against selling virtual currencies such as Bitcoin, Litecoin, BeaoCoin, QuarkCoin, and Ethereum, which include but are not limited to:
1) Hardware and software used to obtain virtual currencies such as Bitcoin miners ;
2) Tutorials, strategies, and software for obtaining virtual currencies such as tutorials on mining. “. It further warns, “The following two categories will be closed:
Consumer Electronics > Blockchain Miners > Blockchain Miner Accessories
Consumer Electronics > Blockchain Miners > Blockchain Miners” At the backdrop of all of this, lest we forget, the big blow to Alibaba’s already precarious position, since the $37 billion IPO of Ant Group, predicted or ought to have been the largest IPO was abruptly suspended by regulators last November, Alibaba and its founder Jack Ma have been continuously under enormous political pressure. Jack Ma publicly accused the Chinese government of overregulation over the financial sector, tempting PBOC to impose some real regulations. I guess this is it.
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
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You Can Now Get Paid in #Bitcoin to use #Twitter.
Thoughts on the market 24.09.2021
Bitcoin moved in the 44980-43070 range during the day. With several attempts this morning to break through the 45K resistance, but so far with no success. At the time of…
Thoughts on the market 24.09.2021
Bitcoin moved in the 44980-43070 range during the day. With several attempts this morning to break through the 45K resistance, but so far with no success. At the time of…
Another #Ethereum mining pool forced to close due to #China crackdown as #Miami Working on Allowing #Tax Payments in #Bitcoin, Promised Mayor Suarez.
Thoughts on the market 29. 01. 2021
#Bitcoin from yesterday's review moved in the range 42790-40750 and at the time of writing this review, the main cryptocurrency is trading around 42,200. Total Crypto Market capitalization is at $1.85 Trillion, and BTC dominance index of 42.6%.
The stock market closed lower on Tuesday and lost more than usual. S&P 500 closed at -2.04%, Nasdaq -2.86%, Dow Jones -1.63%. The dollar index, meanwhile, rose by + 0.34% yesterday. Just a point of note technical standpoint and view , where are onto a bear market.
The reason for the decline was the fear of investors about changes in monetary policy. Federal Reserve Chairman Jerome Powell said that employment is still far from the maximum to raise interest rates, and the Fed will continue to inject $120 billion into the markets until the economy recovers. By the look of that it may imply the markets will again move to growth and renewed highs, or not. You have to stick to the big picture.
Back to #Bitcoin, there is nothing special to write about yet, the only thing that is positive is that we do not go below 40K even with such a news background, large players continue to accumulate, which means everything is going according to plan. September will end soon.
Plan for today. The priority option is bitcoin in the range of 40,000-44,000. An alternative option is a strait below 40,000 with a possible test at 38,000.
#BeePool, the fourth largest Ethereum mining pool, is closing amid China's crypto crackdown. The China-based Ethereum mining pool announced on Tuesday it will suspend operations "in response to the latest regulatory policies." Effective immediately, the registration of new users and the addition of sub-accounts for existing users will be discontinued, and all mining access servers are expected to stop operating by October 15. Source : cointelegraph.com
This is ongoing crackdown seems more serious this time. Yesterday we shared about #alibaba (https://t.me/decryptedge/765)
Lastly Miami Mayor Francis Suarez said that soon taxes in the city can be paid in bitcoin. This comes a few months after hinting that #Miami residents could soon be able to pay their taxes with bitcoin, the city’s mayor – Francis Suarez – said the process has begun as his team will issue the request in October. Separately, Suarez also touched upon the most recent actions undertaken by the Chinese government, adding that the US could take advantage of this “huge mistake.” Source: cryptopotato.com
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the market 29. 01. 2021
#Bitcoin from yesterday's review moved in the range 42790-40750 and at the time of writing this review, the main cryptocurrency is trading around 42,200. Total Crypto Market capitalization is at $1.85 Trillion, and BTC dominance index of 42.6%.
The stock market closed lower on Tuesday and lost more than usual. S&P 500 closed at -2.04%, Nasdaq -2.86%, Dow Jones -1.63%. The dollar index, meanwhile, rose by + 0.34% yesterday. Just a point of note technical standpoint and view , where are onto a bear market.
The reason for the decline was the fear of investors about changes in monetary policy. Federal Reserve Chairman Jerome Powell said that employment is still far from the maximum to raise interest rates, and the Fed will continue to inject $120 billion into the markets until the economy recovers. By the look of that it may imply the markets will again move to growth and renewed highs, or not. You have to stick to the big picture.
Back to #Bitcoin, there is nothing special to write about yet, the only thing that is positive is that we do not go below 40K even with such a news background, large players continue to accumulate, which means everything is going according to plan. September will end soon.
Plan for today. The priority option is bitcoin in the range of 40,000-44,000. An alternative option is a strait below 40,000 with a possible test at 38,000.
#BeePool, the fourth largest Ethereum mining pool, is closing amid China's crypto crackdown. The China-based Ethereum mining pool announced on Tuesday it will suspend operations "in response to the latest regulatory policies." Effective immediately, the registration of new users and the addition of sub-accounts for existing users will be discontinued, and all mining access servers are expected to stop operating by October 15. Source : cointelegraph.com
This is ongoing crackdown seems more serious this time. Yesterday we shared about #alibaba (https://t.me/decryptedge/765)
Lastly Miami Mayor Francis Suarez said that soon taxes in the city can be paid in bitcoin. This comes a few months after hinting that #Miami residents could soon be able to pay their taxes with bitcoin, the city’s mayor – Francis Suarez – said the process has begun as his team will issue the request in October. Separately, Suarez also touched upon the most recent actions undertaken by the Chinese government, adding that the US could take advantage of this “huge mistake.” Source: cryptopotato.com
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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#China’s Biggest and Global Online Store #Alibaba Shuts Down Sale of Virtual Currency Miners & Accessories Amidst Pressure from Govt.
Thoughts on the market 28 09 2021
Bitcoin moved within the 44350-42100 range yesterday and at the time of writing this…
Thoughts on the market 28 09 2021
Bitcoin moved within the 44350-42100 range yesterday and at the time of writing this…
#PayPal, #Google Execs to Help Bank of England 'Understand' #Digital Currency.
Thoughts on the market 30. 09. 2021
#Bitcoin yesterday again fell below 41,000 and reached a low of $40,900, this correction was redeemed and at the time of writing the review, it trading at about 43,500, with a BTC dominance index of 42.7%. Total Crypto Market capitalization seats at $1.92 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones climbed 0.26%, the S&P 500 rose 0.16%, and the NASDAQ dropped 0.24%. Gold Futures for December delivery was down 0.69% to 1.725.55 a troy ounce. The dollar index rose 0.67% to 94.407.
The main focus of the market is focused on the issue of the US government debt limit. What does this mean for market participants? At the moment, the United States may again find itself in a situation of technical default, if it does not raise the limit of the national debt and start borrowing more. In the meantime, this decision will allow the Fed to untie hands in quantitative easing policy and they will be able to continue pumping up the markets without any problems.
On the cryptomarket, the priority version of yesterday's review worked out. Bitcoin was able to break through the resistance at 43K and moved to growth, to a high of 43830 on the Binance exchange. We are gaining strength to hike to 44K.
The crowd is still waiting for a further fall, the fear / greed index is at its maximum value and shows the level of 20. We know that the market always goes against the crowd and when it is scary - you need to load up. Main resistance, before going to new peaks, still remains at 45-46K. I think next week this level will be taken, and maybe even earlier.
Plan for today. The priority option is bitcoin in the 41000-45000 range and altcoin recovery. An alternative is another 40K test.
PayPal and Google executives will help the Bank of England understand digital currency. As published by decrypt.co. The UK has so far been comparatively slow, and has only announced research into such an asset. But today’s announcement shows that the Bank of England is at least consulting with top experts in the tech and finance space. The forum will research and provide feedback to the Bank on how a CBDC could—or couldn't—work in the UK. Bank of England boss Andrew Bailey has repeatedly said that he doesn’t consider decentralized digital assets, like Bitcoin, to be money. But he has said stablecoins—assets pegged to fiat currencies though different to CBDCs—could become an important part of the future financial landscape.
The big question is why now?
Great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge
Thoughts on the market 30. 09. 2021
#Bitcoin yesterday again fell below 41,000 and reached a low of $40,900, this correction was redeemed and at the time of writing the review, it trading at about 43,500, with a BTC dominance index of 42.7%. Total Crypto Market capitalization seats at $1.92 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones climbed 0.26%, the S&P 500 rose 0.16%, and the NASDAQ dropped 0.24%. Gold Futures for December delivery was down 0.69% to 1.725.55 a troy ounce. The dollar index rose 0.67% to 94.407.
The main focus of the market is focused on the issue of the US government debt limit. What does this mean for market participants? At the moment, the United States may again find itself in a situation of technical default, if it does not raise the limit of the national debt and start borrowing more. In the meantime, this decision will allow the Fed to untie hands in quantitative easing policy and they will be able to continue pumping up the markets without any problems.
On the cryptomarket, the priority version of yesterday's review worked out. Bitcoin was able to break through the resistance at 43K and moved to growth, to a high of 43830 on the Binance exchange. We are gaining strength to hike to 44K.
The crowd is still waiting for a further fall, the fear / greed index is at its maximum value and shows the level of 20. We know that the market always goes against the crowd and when it is scary - you need to load up. Main resistance, before going to new peaks, still remains at 45-46K. I think next week this level will be taken, and maybe even earlier.
Plan for today. The priority option is bitcoin in the 41000-45000 range and altcoin recovery. An alternative is another 40K test.
PayPal and Google executives will help the Bank of England understand digital currency. As published by decrypt.co. The UK has so far been comparatively slow, and has only announced research into such an asset. But today’s announcement shows that the Bank of England is at least consulting with top experts in the tech and finance space. The forum will research and provide feedback to the Bank on how a CBDC could—or couldn't—work in the UK. Bank of England boss Andrew Bailey has repeatedly said that he doesn’t consider decentralized digital assets, like Bitcoin, to be money. But he has said stablecoins—assets pegged to fiat currencies though different to CBDCs—could become an important part of the future financial landscape.
The big question is why now?
Great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge
#Visa Working on #Blockchain Interoperability #Hub for #Crypto Payments as #Iran Lifts Bitcoin Mining Ban.
Thoughts on the market 1.10. 2021
#Bitcoin moved in the range of $44140-41410 during the last 24hrs several times to gain a foothold at 44K, but so far no result. At the time of writing this review, #Bitcoin is trading around $43,700, dominance index 42.6% and total crypto market capitalisation of $1.93 Trillion.
The stock market ended with a fall on Thursday. The Dow Jones fell 1.59% to hit a 3-month low, the S&P 500 fell 1.19%, and the NASDAQ fell 0.44%. The dollar index was down 0.10% to 94.260. Negativeness on the American stock market grew yesterday in anticipation of a decision on raising the limit of the State debt. The Senate and House of Representatives have already voted to raise the cap and Joe Biden signed the decision, but the permanent budget for 2022 has yet to be passed.
On the crypto market, the priority version of yesterday's analysis worked out and bitcoin moved in the specified range. The low to which the price reached 42697, the high was set at 44141 at the Binance Exchange.
I like the fact that against the background of the fall in the stock market, cryptocurrencies continue to grow, so we can say with confidence that the prospect of further growth will not take long. The rest is going according to plan.
Positive. The Federal Reserve System (FRS) has no plans to ban cryptocurrencies, said the head of the agency Jerome Powell. Therefore, it will not be like in China.
Plan for today. The priority option is bitcoin in the range 42000-45000. Alternative - a correction to 41-40K for refuelling.
Lastly to some news, #Visa has presented a project, the goal of which is to become a "universal adapter" of #blockchains that can connect multiple #cryptocurrencies, #stablecoins, and #digital currencies of central banks. Think of it as a “universal adapter” among blockchains, allowing central banks, businesses, and consumers to seamlessly exchange value, no matter the form factor of the currency. “Ultimately, the #UPC solution aims to serve as a network of #blockchain networks — adding value to multiple forms of money movement, whether they originate on the Visa network, or beyond,” the announcement reads. Visa made a major move into the crypto industry in 2020, partnering with blockchain firm Circle to support the USD Coin (USDC) #stablecoin on certain credit cards. The company has since reaffirmed its commitment to crypto payments and fiat on-ramps, with a particular focus on stablecoin integrations. It will be exactly 1 year this month of October since shift started. Talk of inflection points at its best. You have to commend VISA for taking the lead in a new market. (https://t.me/decryptedge/35)
The #Iranian government has lifted a temporary ban on bitcoin mining that was introduced back in May. From now on, licensed Bitcoin miners will be able to operate in the country without facing any restrictions. That said, an estimated 85% of all cryptocurrency mining operations have been set up in the country illegally. Earlier this week, dozens of #ASICs were discovered in the building of Iran’s largest stock exchange, which prompted the swift resignation of CEO Ali Sahraee. Source: Utoday. You may find some good trading prospects with #HBAR expecting a 20% upside.
Wishing you a blessed weekend ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the market 1.10. 2021
#Bitcoin moved in the range of $44140-41410 during the last 24hrs several times to gain a foothold at 44K, but so far no result. At the time of writing this review, #Bitcoin is trading around $43,700, dominance index 42.6% and total crypto market capitalisation of $1.93 Trillion.
The stock market ended with a fall on Thursday. The Dow Jones fell 1.59% to hit a 3-month low, the S&P 500 fell 1.19%, and the NASDAQ fell 0.44%. The dollar index was down 0.10% to 94.260. Negativeness on the American stock market grew yesterday in anticipation of a decision on raising the limit of the State debt. The Senate and House of Representatives have already voted to raise the cap and Joe Biden signed the decision, but the permanent budget for 2022 has yet to be passed.
On the crypto market, the priority version of yesterday's analysis worked out and bitcoin moved in the specified range. The low to which the price reached 42697, the high was set at 44141 at the Binance Exchange.
I like the fact that against the background of the fall in the stock market, cryptocurrencies continue to grow, so we can say with confidence that the prospect of further growth will not take long. The rest is going according to plan.
Positive. The Federal Reserve System (FRS) has no plans to ban cryptocurrencies, said the head of the agency Jerome Powell. Therefore, it will not be like in China.
Plan for today. The priority option is bitcoin in the range 42000-45000. Alternative - a correction to 41-40K for refuelling.
Lastly to some news, #Visa has presented a project, the goal of which is to become a "universal adapter" of #blockchains that can connect multiple #cryptocurrencies, #stablecoins, and #digital currencies of central banks. Think of it as a “universal adapter” among blockchains, allowing central banks, businesses, and consumers to seamlessly exchange value, no matter the form factor of the currency. “Ultimately, the #UPC solution aims to serve as a network of #blockchain networks — adding value to multiple forms of money movement, whether they originate on the Visa network, or beyond,” the announcement reads. Visa made a major move into the crypto industry in 2020, partnering with blockchain firm Circle to support the USD Coin (USDC) #stablecoin on certain credit cards. The company has since reaffirmed its commitment to crypto payments and fiat on-ramps, with a particular focus on stablecoin integrations. It will be exactly 1 year this month of October since shift started. Talk of inflection points at its best. You have to commend VISA for taking the lead in a new market. (https://t.me/decryptedge/35)
The #Iranian government has lifted a temporary ban on bitcoin mining that was introduced back in May. From now on, licensed Bitcoin miners will be able to operate in the country without facing any restrictions. That said, an estimated 85% of all cryptocurrency mining operations have been set up in the country illegally. Earlier this week, dozens of #ASICs were discovered in the building of Iran’s largest stock exchange, which prompted the swift resignation of CEO Ali Sahraee. Source: Utoday. You may find some good trading prospects with #HBAR expecting a 20% upside.
Wishing you a blessed weekend ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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KryptoEdge
#decryptedge Thoughts on the market on 22.10.2020: #PayPal Embraces #Crypto, Igniting Market as Mainstream Adoption Inches Closer. ⚠️
#Bitcoin exceeded expectations from yesterday's review, not only consolidated above 12K, but also updated annual highs above…
#Bitcoin exceeded expectations from yesterday's review, not only consolidated above 12K, but also updated annual highs above…
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