50% of Africans Invest in Crypto to Pay for Their Children’s Education: Survey
Thoughts on the Crypto market 4.10. 2021
Bitcoin moved in the range of 49300-47400 over the weekend, with several attempts to gain a foothold at 49K without success. At the time of writing the review Bitcoin is trading around 47700, BTC dominance index of 42.6% and total crypto market capitalization of $2.11 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in the red by 0.32%, Asian indices also do not have general dynamics, gold and silver are growing, oil is falling.
The interim budget in the United States has already been adopted and the shutdown is not threatened in the near future. China will celebrate 4 days in a row "National Day", so no market action. It is also important to note that on Friday there will be a report on employment in the non-agricultural sector and it was employment that Powell drew attention to, urging Congress to raise the national debt limit. This news will greatly affect the markets and the dollar.
Will keep you up to date on the details of all the news, how the market will react to certain factors..etc.
The week was closed above 48K and this is very good, which means there is every chance to try already at this, the resistance level of 50K.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.
According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital assets.
Per the results, most residents of the three African countries are financially savvy and invest in sensible and long-term goals as 69% of them deal with crypto to provide a better life for their families. The survey revealed that crypto holders are much more likely to hold other types of financial assets versus the general population. For example, 4% of the Kenyan participants said they own both digital assets and gold. Source: cryptopotato.com
In my view I hold a different view and take. If you compare insurance and say stock market uptake in Kenya..its at 2.34% as of 2019. I dont know the numbers for the stock market.. Going by this we are still very low.. When it comes to Crypto. Do you agree?
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 Crypto market 4.10. 2021
Bitcoin moved in the range of 49300-47400 over the weekend, with several attempts to gain a foothold at 49K without success. At the time of writing the review Bitcoin is trading around 47700, BTC dominance index of 42.6% and total crypto market capitalization of $2.11 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in the red by 0.32%, Asian indices also do not have general dynamics, gold and silver are growing, oil is falling.
The interim budget in the United States has already been adopted and the shutdown is not threatened in the near future. China will celebrate 4 days in a row "National Day", so no market action. It is also important to note that on Friday there will be a report on employment in the non-agricultural sector and it was employment that Powell drew attention to, urging Congress to raise the national debt limit. This news will greatly affect the markets and the dollar.
Will keep you up to date on the details of all the news, how the market will react to certain factors..etc.
The week was closed above 48K and this is very good, which means there is every chance to try already at this, the resistance level of 50K.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.
According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital assets.
Per the results, most residents of the three African countries are financially savvy and invest in sensible and long-term goals as 69% of them deal with crypto to provide a better life for their families. The survey revealed that crypto holders are much more likely to hold other types of financial assets versus the general population. For example, 4% of the Kenyan participants said they own both digital assets and gold. Source: cryptopotato.com
In my view I hold a different view and take. If you compare insurance and say stock market uptake in Kenya..its at 2.34% as of 2019. I dont know the numbers for the stock market.. Going by this we are still very low.. When it comes to Crypto. Do you agree?
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.
#JoeBiden Committed to Strengthening #Cybersecurity by Hardening Critical infrastructure against #Cyberattacks, Disrupting #Ransomware #Networks, as #China Firms up on #Crypto Exchanges. Thoughts on the market 05.10. 2021
Bitcoin moved within the range of 49800-46900 during the day. At the time of this writing, the main cryptocurrency is trading at around 49300 with a total Crypto market capitalization of $2.15 Trillion, and BTC dominance index of 43.0%.
Equity markets closed lower on Monday. The Dow Jones dropped 0.94%, the S&P 500 dropped 1.30%, and the NASDAQ dropped 2.14%. The dollar index was down 0.25% to 93.812.
The markets were in a fever yesterday, and this time the fall lasted longer than usual. I forgot yesterday to add one more important detail that could change the market sentiment to an even more negative one. Jerome Powell, who announced temporary inflation, may not be re-elected for a second term and his chances of maintaining his position are getting lower and lower.
Everything is fine on the crypto market, there is not much to write yet, I still adhere to a bottom-up scenario. But I do not exclude that after such a rapid growth, we can once again test the levels of 45-44K in order to unload and further to new highs.
In the meantime, everything is fine, the hash rate has almost completely recovered after the Chinese pressure, the transaction volumes are hitting historic highs, every day there is information about new investors who have either already entered or are starting to look at the crypt in a new way. I think I need to buckle up, there will be a lot of interesting things before the end of the year.
Plan for today. The priority option is bitcoin in the range of 46000-50000. Alternative - going below 46K for refueling.
US President Joe Biden wants to attract representatives from 30 countries to fight the illegal use of cryptocurrencies. In a monthly statement from the whitehouse briefing room: Titled Statement by President Joe Biden on Cybersecurity Awareness Month, reads, I am committed to strengthening our cybersecurity by hardening our critical infrastructure against cyberattacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all nations in cyberspace, and making clear we will hold accountable those that threaten our security. For the full write up can be found here: https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/01/statement-by-president-joe-biden-on-cybersecurity-awareness-month/
China continues to pressure. The #KuCoin cryptocurrency exchange has banned the Chinese from registering on the trading platform, and will stop serving existing customers from December 31. In the meantime, China is pressing, the President of El Salvador says that more than 3 million citizens are already using bitcoin, which is half of the country's population.
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Bitcoin moved within the range of 49800-46900 during the day. At the time of this writing, the main cryptocurrency is trading at around 49300 with a total Crypto market capitalization of $2.15 Trillion, and BTC dominance index of 43.0%.
Equity markets closed lower on Monday. The Dow Jones dropped 0.94%, the S&P 500 dropped 1.30%, and the NASDAQ dropped 2.14%. The dollar index was down 0.25% to 93.812.
The markets were in a fever yesterday, and this time the fall lasted longer than usual. I forgot yesterday to add one more important detail that could change the market sentiment to an even more negative one. Jerome Powell, who announced temporary inflation, may not be re-elected for a second term and his chances of maintaining his position are getting lower and lower.
Everything is fine on the crypto market, there is not much to write yet, I still adhere to a bottom-up scenario. But I do not exclude that after such a rapid growth, we can once again test the levels of 45-44K in order to unload and further to new highs.
In the meantime, everything is fine, the hash rate has almost completely recovered after the Chinese pressure, the transaction volumes are hitting historic highs, every day there is information about new investors who have either already entered or are starting to look at the crypt in a new way. I think I need to buckle up, there will be a lot of interesting things before the end of the year.
Plan for today. The priority option is bitcoin in the range of 46000-50000. Alternative - going below 46K for refueling.
US President Joe Biden wants to attract representatives from 30 countries to fight the illegal use of cryptocurrencies. In a monthly statement from the whitehouse briefing room: Titled Statement by President Joe Biden on Cybersecurity Awareness Month, reads, I am committed to strengthening our cybersecurity by hardening our critical infrastructure against cyberattacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all nations in cyberspace, and making clear we will hold accountable those that threaten our security. For the full write up can be found here: https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/01/statement-by-president-joe-biden-on-cybersecurity-awareness-month/
China continues to pressure. The #KuCoin cryptocurrency exchange has banned the Chinese from registering on the trading platform, and will stop serving existing customers from December 31. In the meantime, China is pressing, the President of El Salvador says that more than 3 million citizens are already using bitcoin, which is half of the country's population.
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
The White House
Statement by President Joe Biden on Cybersecurity Awareness Month
Cyber threats can affect every American, every business regardless of size, and every community. That’s why my administration is marshalling a
29 Year Old #FTX CEO Tops Again: 7 Crypto #Billionaires Make #Forbes 2021 List of Richest Americans as #US Bank launches #Crypto Custody Services for #Fund Managers Amid Growing Demand for #DigitalAssets.
Thoughts on the market 6. 10. 2021
Bitcoin continued its growth during the day and was in the range of 51880-49000 and as of the time of this writing, its trading at a price of 51,600. Total crypto market capitalisation is now at $2.21 Trillion, dominance index 43.8%.
Equity markets closed higher on Tuesday. The Dow Jones rose 0.92%, the S&P 500 rose 1.05%, and the NASDAQ rose 1.25%. The dollar index rose 0.23% to 93.995. Point to note the IMF issued a new forecast, which voiced concerns about a slowdown in global economic growth.
Everything is fine on the crypto market. Bitcoin changed the psychologically important mark of 50K and continued its growth, to a high price of 51886 on the Binance Exchange.
Fear has passed and the market is gripped by greed, the fear / greed index is already showing a mark of 68, and those who recently sold bitcoin at 40 are now buying at 50K and this is just the beginning.
Positive. The chairman of the US Securities and Exchange Commission (#SEC) Gary Gensler, speaking in front of Congress yesterday, said that the SEC will not ban cryptocurrency. Before him, the same message was sent by Fed Chairman Jerome Powell.
Plan for today. The priority option is bitcoin in the range 49000-53000. The alternative is going below 49K, even if this happens, I don't think we can go below 48K now.
Interesting news, 7 cryptocurrency billionaires have made the Forbes 2021. 7 list of richest Americans, including Sam Bankman-Fried of FTX, Fred Ehrsam and Brian Armstrong of Coinbase, Cameron and Tyler Winklevoss of Gemini, and Jed McCaleb and Chris Larsen of Ripple. A source. CoinDesk. On the same news we shared in April this year(https://t.me/decryptedge/426) Sam Bankman-Fried maintains the No 1 spot.
U.S. Bank, the fifth-largest retail bank in America, announced on Tuesday that it was opening cryptocurrency custody services to fund managers, CNBC reported. The custody service will allow investment managers to store private keys for #Bitcoin, #BitcoinCash, and #Litecoin via its sub-custodian NYDIG. The bank hopes to integrate other coins, including #Ethereum, later on. U.S. Bank's service is exclusively for institutional managers with private funds. U.S. Bank is one of many major banks dipping its toes into crypto. BNY Mellon, State Street, and Northern Trust all have plans to provide custody services for digital assets.
As the old saying goes, if you can't beat them, join them.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.
Thoughts on the market 6. 10. 2021
Bitcoin continued its growth during the day and was in the range of 51880-49000 and as of the time of this writing, its trading at a price of 51,600. Total crypto market capitalisation is now at $2.21 Trillion, dominance index 43.8%.
Equity markets closed higher on Tuesday. The Dow Jones rose 0.92%, the S&P 500 rose 1.05%, and the NASDAQ rose 1.25%. The dollar index rose 0.23% to 93.995. Point to note the IMF issued a new forecast, which voiced concerns about a slowdown in global economic growth.
Everything is fine on the crypto market. Bitcoin changed the psychologically important mark of 50K and continued its growth, to a high price of 51886 on the Binance Exchange.
Fear has passed and the market is gripped by greed, the fear / greed index is already showing a mark of 68, and those who recently sold bitcoin at 40 are now buying at 50K and this is just the beginning.
Positive. The chairman of the US Securities and Exchange Commission (#SEC) Gary Gensler, speaking in front of Congress yesterday, said that the SEC will not ban cryptocurrency. Before him, the same message was sent by Fed Chairman Jerome Powell.
Plan for today. The priority option is bitcoin in the range 49000-53000. The alternative is going below 49K, even if this happens, I don't think we can go below 48K now.
Interesting news, 7 cryptocurrency billionaires have made the Forbes 2021. 7 list of richest Americans, including Sam Bankman-Fried of FTX, Fred Ehrsam and Brian Armstrong of Coinbase, Cameron and Tyler Winklevoss of Gemini, and Jed McCaleb and Chris Larsen of Ripple. A source. CoinDesk. On the same news we shared in April this year(https://t.me/decryptedge/426) Sam Bankman-Fried maintains the No 1 spot.
U.S. Bank, the fifth-largest retail bank in America, announced on Tuesday that it was opening cryptocurrency custody services to fund managers, CNBC reported. The custody service will allow investment managers to store private keys for #Bitcoin, #BitcoinCash, and #Litecoin via its sub-custodian NYDIG. The bank hopes to integrate other coins, including #Ethereum, later on. U.S. Bank's service is exclusively for institutional managers with private funds. U.S. Bank is one of many major banks dipping its toes into crypto. BNY Mellon, State Street, and Northern Trust all have plans to provide custody services for digital assets.
As the old saying goes, if you can't beat them, join them.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.
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The #Cryptocurrency Tycoons On Forbes’ 2021 Billionaires List. Thoughts on the market on 08.04. 2021.
#Bitcoin spent the last 24 hours between 55K and 58K. Corrections to 55K were quickly redeemed, there were several attempts to gain a foothold above 58K…
#Bitcoin spent the last 24 hours between 55K and 58K. Corrections to 55K were quickly redeemed, there were several attempts to gain a foothold above 58K…
Which way is Bitcoin? Thoughts on the Crypto market: 07.10. 2021
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto market capitalization $2.31 Trillion, with BTC dominance index of 45.2%.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.30%, the S&P 500 rose 0.41%, and the NASDAQ Composite rose 0.47%. The dollar index rose 0.46% to 94.213.
Closing with a plus yesterday, despite the initial negative movement. So far, little interesting things have happened, and to date the markets have not come out of the sideways movement.
Everyone is waiting for the release of the report on US nonfarm employment. In short, it is better known as NonFarm. What is it? Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. Source: wikipedia.org
The flight is wonderful on the crypto market. Bitcoin fulfilled the priority version of our review and even exceeded it, reaching the 55750 mark (Binance), updating the five-month high, and the capitalization of the #Bitcoin returned above one trillion dollars.
Let me remind you that the last time the price was above 55K was on May 12, just then Elon Musk announced the termination of Bitcoin acceptance by Tesla. Then I said that the market is already mature and will digest both Musk and the Chinese with their bans, it is only a matter of time. Now the time has come.
1.6 billion is the money that came into the market, and we shall find out in good time who that was. Such a purchase volume can also be associated with the availability of information that the SEC will 100% approve the bitcoin ETF, so everyone is trying to be on time.
Plan for today. The priority option is bitcoin in the range of 53000-58000. An alternative is going below 53K, then we can return to 50K.
That said, I still believe another dip for BTC to $32K/28K may be lower than these levels. This view is active as long as BTC does not close above $55K/ 65K Daily/weekly. There will always be new traps like the previous cycles. and the full power lies in breakout $55/ 65K weekly! This failed the last time and the price dropped by -25% before starting a FOMO. Remember, a person who is obsessed with bullish(prices going up) thought can extract 10000 scenarios for bullish movement and the same with a bearish person. We look at both sides and we define the best zones. What we care about is what happens. One has to look in both bullish and bearish directions, do not worry about what or how we think, but you have to worry about what is happening and what you can do based on it.
So, Be bullish or bearish as you want, regardless you cannot impose what you want or force it to happen. Be ready for everything and look beyond the price.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto market capitalization $2.31 Trillion, with BTC dominance index of 45.2%.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.30%, the S&P 500 rose 0.41%, and the NASDAQ Composite rose 0.47%. The dollar index rose 0.46% to 94.213.
Closing with a plus yesterday, despite the initial negative movement. So far, little interesting things have happened, and to date the markets have not come out of the sideways movement.
Everyone is waiting for the release of the report on US nonfarm employment. In short, it is better known as NonFarm. What is it? Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. Source: wikipedia.org
The flight is wonderful on the crypto market. Bitcoin fulfilled the priority version of our review and even exceeded it, reaching the 55750 mark (Binance), updating the five-month high, and the capitalization of the #Bitcoin returned above one trillion dollars.
Let me remind you that the last time the price was above 55K was on May 12, just then Elon Musk announced the termination of Bitcoin acceptance by Tesla. Then I said that the market is already mature and will digest both Musk and the Chinese with their bans, it is only a matter of time. Now the time has come.
1.6 billion is the money that came into the market, and we shall find out in good time who that was. Such a purchase volume can also be associated with the availability of information that the SEC will 100% approve the bitcoin ETF, so everyone is trying to be on time.
Plan for today. The priority option is bitcoin in the range of 53000-58000. An alternative is going below 53K, then we can return to 50K.
That said, I still believe another dip for BTC to $32K/28K may be lower than these levels. This view is active as long as BTC does not close above $55K/ 65K Daily/weekly. There will always be new traps like the previous cycles. and the full power lies in breakout $55/ 65K weekly! This failed the last time and the price dropped by -25% before starting a FOMO. Remember, a person who is obsessed with bullish(prices going up) thought can extract 10000 scenarios for bullish movement and the same with a bearish person. We look at both sides and we define the best zones. What we care about is what happens. One has to look in both bullish and bearish directions, do not worry about what or how we think, but you have to worry about what is happening and what you can do based on it.
So, Be bullish or bearish as you want, regardless you cannot impose what you want or force it to happen. Be ready for everything and look beyond the price.
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.
Report Alleges Tether Owns Billions In Chinese Debt as SEC Approves ETF for 'Bitcoin Revolution Companies', Portfolio Includes #Tesla and #Twitter.
Thoughts on the market 8. 10. 2021
#Bitcoin traded in the range of 55330-53350 during the day and at the time of this writing it is trading at 53,900. Total Crypto Market capitalization of $2.28 Trillion. BTC dominance index of 44.4%.
Stock markets ended Thursday trading with growth. The Dow Jones rose 0.98%, the S&P 500 rose 0.83%, and the NASDAQ Composite rose 1.05%. The dollar index was down 0.07% to 94.205. The markets are not showing strong activity, everyone is waiting for the release of reports on employment in the non-agricultural sector. Before this report, volatility will decrease in many markets, from stocks to forex, and after that a new momentum will be set. Despite the agreement to increase the national debt limit by 480 billion by the end of December, the tension still remains and a lot will depend on the report. It was on him that Powell emphasized in his speeches.
On the cryptomarket, the priority version of yesterday's forecast worked out, although the Bitcoin price did not go above 55K, and did not go below 53K either. The local minimum was set at 53357 @Binance exchange. We are going according to plan, but I do not exclude that after such an increase there may be a rollback to the support area of 52-50K. Perhaps even for a short time we will go beyond the limits of 50K, but this probability is extremely small, are expectations and aligned for growth 58-60K.
Plan for today. Bitcoin is in the range of 52000-56000, the alternative is going below 52, in which case we can go to 50K. Major support levels are 53500-53000.
As mentioned yesterday, it is now a reality. #SEC Approved ETF for 'Bitcoin Revolution Companies', Portfolio Includes Tesla and Twitter just 14hrs ago. The new ETF from Volt Equity will give investors exposure to a range of companies like MicroStrategy and Square that hold crypto. The SEC approved ETF consisting of companies holding large amounts of Bitcoin on their balance sheet. The ETF's portfolio will include around 30 companies, including Tesla and PayPal. The approval comes as the crypto world continues to wait for the SEC to approve a pure Bitcoin ETF. Source: decrypt.co
On the contrary such a positive may be spoiled by the USDT fear uncertainty and doubt(FUD) linked to #China. An emerged Report Alleges Tether Owns Billions In Chinese Debt, coincidentally 13hrs ago! According to Bloomberg BW, stablecoin issuer Tether has extended billions of dollars in loans to Chinese companies. The value of loans backing Tether's stablecoin reserves could be a risk factor for the crypto industry. Tether has faced scrutiny from authorities and investigators in the past. A Bloomberg investigation has claimed to have found that Tether holds billions of dollars worth of Chinese commercial paper. Fact is Tether’s reserves remain unaudited. Source: cryptobriefing.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
Thoughts on the market 8. 10. 2021
#Bitcoin traded in the range of 55330-53350 during the day and at the time of this writing it is trading at 53,900. Total Crypto Market capitalization of $2.28 Trillion. BTC dominance index of 44.4%.
Stock markets ended Thursday trading with growth. The Dow Jones rose 0.98%, the S&P 500 rose 0.83%, and the NASDAQ Composite rose 1.05%. The dollar index was down 0.07% to 94.205. The markets are not showing strong activity, everyone is waiting for the release of reports on employment in the non-agricultural sector. Before this report, volatility will decrease in many markets, from stocks to forex, and after that a new momentum will be set. Despite the agreement to increase the national debt limit by 480 billion by the end of December, the tension still remains and a lot will depend on the report. It was on him that Powell emphasized in his speeches.
On the cryptomarket, the priority version of yesterday's forecast worked out, although the Bitcoin price did not go above 55K, and did not go below 53K either. The local minimum was set at 53357 @Binance exchange. We are going according to plan, but I do not exclude that after such an increase there may be a rollback to the support area of 52-50K. Perhaps even for a short time we will go beyond the limits of 50K, but this probability is extremely small, are expectations and aligned for growth 58-60K.
Plan for today. Bitcoin is in the range of 52000-56000, the alternative is going below 52, in which case we can go to 50K. Major support levels are 53500-53000.
As mentioned yesterday, it is now a reality. #SEC Approved ETF for 'Bitcoin Revolution Companies', Portfolio Includes Tesla and Twitter just 14hrs ago. The new ETF from Volt Equity will give investors exposure to a range of companies like MicroStrategy and Square that hold crypto. The SEC approved ETF consisting of companies holding large amounts of Bitcoin on their balance sheet. The ETF's portfolio will include around 30 companies, including Tesla and PayPal. The approval comes as the crypto world continues to wait for the SEC to approve a pure Bitcoin ETF. Source: decrypt.co
On the contrary such a positive may be spoiled by the USDT fear uncertainty and doubt(FUD) linked to #China. An emerged Report Alleges Tether Owns Billions In Chinese Debt, coincidentally 13hrs ago! According to Bloomberg BW, stablecoin issuer Tether has extended billions of dollars in loans to Chinese companies. The value of loans backing Tether's stablecoin reserves could be a risk factor for the crypto industry. Tether has faced scrutiny from authorities and investigators in the past. A Bloomberg investigation has claimed to have found that Tether holds billions of dollars worth of Chinese commercial paper. Fact is Tether’s reserves remain unaudited. Source: cryptobriefing.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
El Salvador to build a $4 million Veterinary Hospital using profits from the #Bitcoin Trust SiriLanka Creates a Committee to Study #Crypto. Thoughts on the market 11.10.2021
Bitcoin started the new week with growth and has already registered a high of $56750. At the time of writing this review, it is trading around 56400 with a dominance index of 45.8%. Total crypto market capitalization is at $2.32 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, silver and oil are growing.
Nothing interesting happened on the crypto market over the weekend, we are still moving in the same narrow range. There were no deep corrections, bitcoin found support at 54100-54300 and held it, went up and reached highs at 56750 on Binance Exchange.
Altcoins sagged a little, but I think that they will not be long in coming, and with a stable bitcoin above 55K, they will show new highs.
Main scenario is upward, and I expect the growth to continue. The cancellation level is when the price goes below 54K, in which case we can immediately go to 52-50K. Plan for today. The priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54.
El Salvador will build a $4 million veterinary hospital using profits from the Bitcoin Trust. As tweeted by the countries president in the official twitter handle wrote “By the way, we’re not selling any #BTC, we’re are using the USD part of the trust, since the #BTC part is now worth more than when the trust was established. In similar news, Cryptocurrency platform Bakkt has announced a partnership with Google. Users will be able to add Bakkt #Visa card to Google Pay for payments. The cryptocurrency will be converted to fiat at the time of purchase. Last time we talked about Bakkt was back in April.(https://t.me/decryptedge/412)
Lastly, Sri Lanka joins the global cryptocurrency adoption movement and creates a committee to study and implement blockchain and crypto mining technologies. Source.
Have a blessed day #Utamaduni ahead. #Kenya Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
Bitcoin started the new week with growth and has already registered a high of $56750. At the time of writing this review, it is trading around 56400 with a dominance index of 45.8%. Total crypto market capitalization is at $2.32 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, silver and oil are growing.
Nothing interesting happened on the crypto market over the weekend, we are still moving in the same narrow range. There were no deep corrections, bitcoin found support at 54100-54300 and held it, went up and reached highs at 56750 on Binance Exchange.
Altcoins sagged a little, but I think that they will not be long in coming, and with a stable bitcoin above 55K, they will show new highs.
Main scenario is upward, and I expect the growth to continue. The cancellation level is when the price goes below 54K, in which case we can immediately go to 52-50K. Plan for today. The priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54.
El Salvador will build a $4 million veterinary hospital using profits from the Bitcoin Trust. As tweeted by the countries president in the official twitter handle wrote “By the way, we’re not selling any #BTC, we’re are using the USD part of the trust, since the #BTC part is now worth more than when the trust was established. In similar news, Cryptocurrency platform Bakkt has announced a partnership with Google. Users will be able to add Bakkt #Visa card to Google Pay for payments. The cryptocurrency will be converted to fiat at the time of purchase. Last time we talked about Bakkt was back in April.(https://t.me/decryptedge/412)
Lastly, Sri Lanka joins the global cryptocurrency adoption movement and creates a committee to study and implement blockchain and crypto mining technologies. Source.
Have a blessed day #Utamaduni ahead. #Kenya Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
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#Bitcoin for several times came close to 60K level, the highest attained was $59810 on #Binance. This was then followed by a drain to below 57K, which was quickly redeemed and #Bitcoin moved to growth, returning above 59K again. At the time of writing this…
China Explore Opportunities to Prosecute Crypto Trading and Mining as Swiss Think Tank Initiates Vote to add Bitcoin in Federal Constitution. Thoughts on the market 12.10. 2021
#Bitcoin moved in the range of 57800-54400 during the day. There was even one attempt to approach 58K, but did not work out. Price is now trading at around 57,500. With a total crypto market capitalization of $2.3Trillion and BTC dominance index of 46.6%.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.72%, the S&P 500 lost 0.69%, and the NASDAQ fell 0.63%. The dollar index rose 0.04% to 94.35.
Everything is good on the crypto market. Bitcoin managed to stay above 55K and continued its growth, the local maximum, to which the price reached - 57839 on #Binance Exchange.
Nobody is in a hurry to sell bitcoin at 55K, fear has replaced greed - the fear / greed index is now at around 78, exchange reserves continue to decline both in bitcoin and ether, the news background is positive. If this continues, and there is no FUD unfortunately we have from #China.. then we can reach the past ATNs without serious kickbacks. Main resistance levels are now 58500 - 59500 - 60,000.
Plan for today, the priority option is bitcoin in the range 55500-59500, the alternative is going below 55K. It's a volatile market for now, money is exiting altcoins to BTC so expect more volatility.
To some news, a #Swiss think tank has initiated a vote to include bitcoin in the federal constitution, which will make the main cryptocurrency one of the country's reserve assets. A source.
Specialized agencies in China have begun to study legal norms for trial and sentencing in cases related to cryptocurrency trading and mining. Back September 24, the People's Bank of China, together with nine departments, issued a statement in which it classified operations with cryptocurrencies as illegal financial activities. The experts noted that for the first time, the Supreme Court, the People's Prosecutor's Office and the Ministry of Public Security were among the signatories. Earlier, the media estimated that more than two dozen crypto companies announced their withdrawal from the Chinese market amid a new wave of repression against the industry. Last time we spoke about this when Alibaba pulled down sales of mining equipment. (https://t.me/decryptedge/765).
Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Bitcoin moved in the range of 57800-54400 during the day. There was even one attempt to approach 58K, but did not work out. Price is now trading at around 57,500. With a total crypto market capitalization of $2.3Trillion and BTC dominance index of 46.6%.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.72%, the S&P 500 lost 0.69%, and the NASDAQ fell 0.63%. The dollar index rose 0.04% to 94.35.
Everything is good on the crypto market. Bitcoin managed to stay above 55K and continued its growth, the local maximum, to which the price reached - 57839 on #Binance Exchange.
Nobody is in a hurry to sell bitcoin at 55K, fear has replaced greed - the fear / greed index is now at around 78, exchange reserves continue to decline both in bitcoin and ether, the news background is positive. If this continues, and there is no FUD unfortunately we have from #China.. then we can reach the past ATNs without serious kickbacks. Main resistance levels are now 58500 - 59500 - 60,000.
Plan for today, the priority option is bitcoin in the range 55500-59500, the alternative is going below 55K. It's a volatile market for now, money is exiting altcoins to BTC so expect more volatility.
To some news, a #Swiss think tank has initiated a vote to include bitcoin in the federal constitution, which will make the main cryptocurrency one of the country's reserve assets. A source.
Specialized agencies in China have begun to study legal norms for trial and sentencing in cases related to cryptocurrency trading and mining. Back September 24, the People's Bank of China, together with nine departments, issued a statement in which it classified operations with cryptocurrencies as illegal financial activities. The experts noted that for the first time, the Supreme Court, the People's Prosecutor's Office and the Ministry of Public Security were among the signatories. Earlier, the media estimated that more than two dozen crypto companies announced their withdrawal from the Chinese market amid a new wave of repression against the industry. Last time we spoke about this when Alibaba pulled down sales of mining equipment. (https://t.me/decryptedge/765).
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…
Jamie Dimon Calls Bitcoin Useless Again as Binance to Launch a $1Billion #Crypto Focused Growth Fund for the Next 1 Billion Crypto Users. Thoughts on the market 13. 10. 2021
Bitcoin moved in the 57600-53800 range during the day. There was a 53K spill that was quickly redeemed and bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 55,500 with a dominance index of 45.7%. Total Crypto Market capitalisation is at $2.3 Trillion.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.34%, the S&P 500 lost 0.24%, and the NASDAQ Composite lost 0.14%. Gold and silver added a little, oil sagged. The dollar index rose 0.20% to 94.517.
The alternative version of yesterday's analysis worked out with the price dropping below 55K. Once the high of 57689 on the Binance Exchange attained, a correction began, to a daily low set at 53879, now we are trying to return to 56K. Such a rollback is good after an erratic increase.
Plan for today, the priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54K in this case, finding support at 53-52K.
Good news, Binance has announced the launch of a $ 1 billion fund to develop and support the #BinanceSmartChain (#BSC) ecosystem. The $1 Billion Growth Fund. We categorised the fund into 4 different groups, each aiming at different challenges and goals. $100 Million Talent Development.
$100 Million Liquidity Incentive Program.
$300 Million Builder & Incubation Program.
$500 Million Investment Program.
These programs are designed to boost the growth and innovation of projects and bolster the wider community and create a crypto-native pool of talent that will pave the future of crypto. More details for each program will be announced in the following several weeks. Stay tuned! Be sure to hear it first right here.
Lastly, JPMorgan Chase & Co. CEO Jamie Dimon criticised bitcoin and said it was worthless. Here is a summary:
2014: “terrible store of value”
2015: “will not survive” “will be stopped”
2016: "going nowhere"
2017: "a fraud"
2018: "don't really give a shit"
2019: [JPMCoin launch]
2020: “not my cup of tea”
2021: “I have no interest in it” “fool’s gold” “worthless”
Fool’s gold indeed, yet just this August, JPMorgan, together with NYDIG, launched a fund based on the first cryptocurrency for high net worth clients, according to media reports.
Earlier it was reported that the holding opened access to three Grayscale Investments funds and the Osprey bitcoin trust for subscribers to the services of the asset management division.
That concludes our day's crypto market thoughts. Watch what they do, not what they say.. Follow the money. Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Bitcoin moved in the 57600-53800 range during the day. There was a 53K spill that was quickly redeemed and bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 55,500 with a dominance index of 45.7%. Total Crypto Market capitalisation is at $2.3 Trillion.
The stock market ended Tuesday trading with a fall. The Dow Jones fell 0.34%, the S&P 500 lost 0.24%, and the NASDAQ Composite lost 0.14%. Gold and silver added a little, oil sagged. The dollar index rose 0.20% to 94.517.
The alternative version of yesterday's analysis worked out with the price dropping below 55K. Once the high of 57689 on the Binance Exchange attained, a correction began, to a daily low set at 53879, now we are trying to return to 56K. Such a rollback is good after an erratic increase.
Plan for today, the priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54K in this case, finding support at 53-52K.
Good news, Binance has announced the launch of a $ 1 billion fund to develop and support the #BinanceSmartChain (#BSC) ecosystem. The $1 Billion Growth Fund. We categorised the fund into 4 different groups, each aiming at different challenges and goals. $100 Million Talent Development.
$100 Million Liquidity Incentive Program.
$300 Million Builder & Incubation Program.
$500 Million Investment Program.
These programs are designed to boost the growth and innovation of projects and bolster the wider community and create a crypto-native pool of talent that will pave the future of crypto. More details for each program will be announced in the following several weeks. Stay tuned! Be sure to hear it first right here.
Lastly, JPMorgan Chase & Co. CEO Jamie Dimon criticised bitcoin and said it was worthless. Here is a summary:
2014: “terrible store of value”
2015: “will not survive” “will be stopped”
2016: "going nowhere"
2017: "a fraud"
2018: "don't really give a shit"
2019: [JPMCoin launch]
2020: “not my cup of tea”
2021: “I have no interest in it” “fool’s gold” “worthless”
Fool’s gold indeed, yet just this August, JPMorgan, together with NYDIG, launched a fund based on the first cryptocurrency for high net worth clients, according to media reports.
Earlier it was reported that the holding opened access to three Grayscale Investments funds and the Osprey bitcoin trust for subscribers to the services of the asset management division.
That concludes our day's crypto market thoughts. Watch what they do, not what they say.. Follow the money. Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Future of #Money, #G7 finance Leaders Lay Out Guidelines for #CBDC’s
As #US dominates Global #Bitcoin Hash Rate Distribution After China Crackdown.
Thoughts on the market 14.10. 2021
#Bitcoin continued its growth during the day and was in the range of 58500-54100. At the time of writing this review, it was trading at around 57,800 with a BTC dominance index of 45.8%. Total crypto market capitalization is now at $2.37 Billion.
The stock market ended Wednesday trading with growth. The Dow Jones remained in place, the S&P 500 climbed 0.30% and the NASDAQ Composite rose 0.73%. Gold Futures for December delivery was up 1.97% to $ 1.793.95 a troy ounce. The dollar index dropped 0.52% to 94.028.
With Bitcoin clearly working out yesterday's review, moving in the specified range and finding support at 54K, we pushed off and started a new growth. A high of 58532 registered on the Binance Exchange. Altcoins too reclaimed growth and gained what they had lost, dominance began to fall.
Now the important resistance will be the levels of 59,500 - 60,000, if we overcome them, then the previous ATN is already a stone's throw. On a conservative number we are looking at $80,000. Most were excited with 65K, just make sure you are on board.
It may not be easy to break through 59,500 - 60,000 and it will take some time, but with higher probability and without some hard FUD, we can reach the next psychological mark already this month. After all, all the factors that brought bitcoin above 60K last time have not gone away, and every day they are only getting stronger. (Make sure you read this: https://t.me/decryptedge/782)
For today, the priority option is bitcoin in the range 55500-59500, the alternative option is going below 55500, in which case we will go to support at 54000.
Interesting: G7 leaders have issued central bank guidelines for digital currencies. Source. reuters.com/
New research by Capgemini shows that 45% of consumers will switch to payments in cryptocurrencies by 2023. Source: worldpaymentsreport.com/ I will share the PDF here.
Lastly and on a good note, the US now dominates global distribution of bitcoin hash rates after the crackdown in China. The US currently accounts for over a third of total bitcoin mining, with Kazakhstan and Russia also emerging as major countries. Source:cointelegraph.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
As #US dominates Global #Bitcoin Hash Rate Distribution After China Crackdown.
Thoughts on the market 14.10. 2021
#Bitcoin continued its growth during the day and was in the range of 58500-54100. At the time of writing this review, it was trading at around 57,800 with a BTC dominance index of 45.8%. Total crypto market capitalization is now at $2.37 Billion.
The stock market ended Wednesday trading with growth. The Dow Jones remained in place, the S&P 500 climbed 0.30% and the NASDAQ Composite rose 0.73%. Gold Futures for December delivery was up 1.97% to $ 1.793.95 a troy ounce. The dollar index dropped 0.52% to 94.028.
With Bitcoin clearly working out yesterday's review, moving in the specified range and finding support at 54K, we pushed off and started a new growth. A high of 58532 registered on the Binance Exchange. Altcoins too reclaimed growth and gained what they had lost, dominance began to fall.
Now the important resistance will be the levels of 59,500 - 60,000, if we overcome them, then the previous ATN is already a stone's throw. On a conservative number we are looking at $80,000. Most were excited with 65K, just make sure you are on board.
It may not be easy to break through 59,500 - 60,000 and it will take some time, but with higher probability and without some hard FUD, we can reach the next psychological mark already this month. After all, all the factors that brought bitcoin above 60K last time have not gone away, and every day they are only getting stronger. (Make sure you read this: https://t.me/decryptedge/782)
For today, the priority option is bitcoin in the range 55500-59500, the alternative option is going below 55500, in which case we will go to support at 54000.
Interesting: G7 leaders have issued central bank guidelines for digital currencies. Source. reuters.com/
New research by Capgemini shows that 45% of consumers will switch to payments in cryptocurrencies by 2023. Source: worldpaymentsreport.com/ I will share the PDF here.
Lastly and on a good note, the US now dominates global distribution of bitcoin hash rates after the crackdown in China. The US currently accounts for over a third of total bitcoin mining, with Kazakhstan and Russia also emerging as major countries. Source:cointelegraph.com
This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.
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Which way is Bitcoin? Thoughts on the Crypto market: 07.10. 2021
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto…
Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto…