ProShares #Bitcoin Futures #ETF to Start NYSE Trading Today, While CryptoMarket Cap at All Time High of $2.5 Trillion.
Thoughts on the market 19. 10. 2021
During the day Bitcoin moved in the range of 59800-63000 with a total Cryptomarket capitalization of $2.5 Trillion, and BTC dominance index of 47.1%.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.10%, the S&P 500 rose 0.34%, and the NASDAQ Composite rose 0.84%. The dollar index rose 0.03% to 93.970.
Nothing interesting has happened on the crypto market since yesterday, bitcoin is hanging out in a narrow range, a high now set at 62998 on #Binance Exchange again, 2$ shy to break through the 63K level.
Altcoins are shooting selectively, market capitalization has returned above 2.5 trillion,( a key psychological level) the main scenario is upward. The main resistance is now the levels 63000-63500, the breakout of which will open the way for us at 65000 and higher.
Best to sit and wait and not make any decision, up until we test the all time new (ATN) and see which way next. Plan for today is the same as yesterday. The priority option is bitcoin in the range of 60,000-65,000. An alternative is going below 60K.
ProShares will launch a bitcoin futures exchange-traded fund (ETF) that will start trading on the New York Stock Exchange today, the company confirmed in an SEC filing yesterday. CoinDesk first reported on Friday that the ETF was scheduled to launch this week. With the SEC mulling dozens of bitcoin ETFs, Chairman Gary Gensler has made it clear that funds linked to the futures market rather than the underlying asset were more likely to win regulatory approval.
We shall give our view on the Bitcoin ETF pro and cons., our non-biased opinion to help you make sense out of all this.
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 19. 10. 2021
During the day Bitcoin moved in the range of 59800-63000 with a total Cryptomarket capitalization of $2.5 Trillion, and BTC dominance index of 47.1%.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.10%, the S&P 500 rose 0.34%, and the NASDAQ Composite rose 0.84%. The dollar index rose 0.03% to 93.970.
Nothing interesting has happened on the crypto market since yesterday, bitcoin is hanging out in a narrow range, a high now set at 62998 on #Binance Exchange again, 2$ shy to break through the 63K level.
Altcoins are shooting selectively, market capitalization has returned above 2.5 trillion,( a key psychological level) the main scenario is upward. The main resistance is now the levels 63000-63500, the breakout of which will open the way for us at 65000 and higher.
Best to sit and wait and not make any decision, up until we test the all time new (ATN) and see which way next. Plan for today is the same as yesterday. The priority option is bitcoin in the range of 60,000-65,000. An alternative is going below 60K.
ProShares will launch a bitcoin futures exchange-traded fund (ETF) that will start trading on the New York Stock Exchange today, the company confirmed in an SEC filing yesterday. CoinDesk first reported on Friday that the ETF was scheduled to launch this week. With the SEC mulling dozens of bitcoin ETFs, Chairman Gary Gensler has made it clear that funds linked to the futures market rather than the underlying asset were more likely to win regulatory approval.
We shall give our view on the Bitcoin ETF pro and cons., our non-biased opinion to help you make sense out of all this.
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.
What investors need to know on the Bitcoin ETF. Thoughts on the market 20. 10. 2021
Yesterday, Bitcoin moved in the range of 64400-61300, corrections below 62K were quickly redeemed and at the time of this writing, #Bitcoin is trading around at $63,700. With a total crypto market capitalization of $2.52 Trillion and BTC dominance index of 47.6%.
Equity markets closed with growth on Tuesday. The Dow Jones climbed 0.56% to a one-month high, the S&P 500 rose 0.74% and the NASDAQ Composite rose 0.71%. Gold, silver and oil are also on the rise. The dollar index dropped 0.18% to 93.773.
Everything is fine on the crypto market, bitcoin was able to break through the resistance at 63500 and continued its upward movement, to a high of $64,486 on the Binance Exchange. It did not hit the ATH, but is already a whisker away, $369 left before a new all time high.
If today we break through the historical high of 64854, then most likely they will immediately carry us to the area of 70,000, because nothing keeps us above the previous ATN.
Yesterday, the New York Stock Exchange (NYSE) started trading a Bitcoin futures ETF from ProShares, on the very first day the trading volume was $ 1 billion, and this is the second such successful start of an ETF in history.
If you have never traded futures or owned a futures-based ETF, the main difference is that the returns of BTC futures contracts over the longer term do not reflect the returns of the underlying Bitcoin market price. All things considered, this means that sometimes investors will gain or lose value in the longer term by owning the futures-based BTC ETF, even if the price of Bitcoin will not fluctuate in the same way.
More of the good. The dollar index began to fall, which will also have a positive effect on the growth of bitcoin.
Plan for today, if Bitcoin can overcome the resistance at 64250-64500, then we break through ATN and go higher. If we cannot, then we fall to 62000-61000.
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. Happy #MashujaaDay
Yesterday, Bitcoin moved in the range of 64400-61300, corrections below 62K were quickly redeemed and at the time of this writing, #Bitcoin is trading around at $63,700. With a total crypto market capitalization of $2.52 Trillion and BTC dominance index of 47.6%.
Equity markets closed with growth on Tuesday. The Dow Jones climbed 0.56% to a one-month high, the S&P 500 rose 0.74% and the NASDAQ Composite rose 0.71%. Gold, silver and oil are also on the rise. The dollar index dropped 0.18% to 93.773.
Everything is fine on the crypto market, bitcoin was able to break through the resistance at 63500 and continued its upward movement, to a high of $64,486 on the Binance Exchange. It did not hit the ATH, but is already a whisker away, $369 left before a new all time high.
If today we break through the historical high of 64854, then most likely they will immediately carry us to the area of 70,000, because nothing keeps us above the previous ATN.
Yesterday, the New York Stock Exchange (NYSE) started trading a Bitcoin futures ETF from ProShares, on the very first day the trading volume was $ 1 billion, and this is the second such successful start of an ETF in history.
If you have never traded futures or owned a futures-based ETF, the main difference is that the returns of BTC futures contracts over the longer term do not reflect the returns of the underlying Bitcoin market price. All things considered, this means that sometimes investors will gain or lose value in the longer term by owning the futures-based BTC ETF, even if the price of Bitcoin will not fluctuate in the same way.
More of the good. The dollar index began to fall, which will also have a positive effect on the growth of bitcoin.
Plan for today, if Bitcoin can overcome the resistance at 64250-64500, then we break through ATN and go higher. If we cannot, then we fall to 62000-61000.
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. Happy #MashujaaDay
Bitcoin All Time New High at $67,016 and Total Crypto Market Valuation of $2.6 Trillion. Brace for More!
Thoughts on the market 21. 10. 2021
Bitcoin continued its growth yesterday moving in the range of 67000-63500. At the time of this writing, the main cryptocurrency is trading at around 64,700. Total Crypto Market capitalization is at $2.6 Trillion and BTC dominance index of 46.5%.
Equity markets finished trading on Wednesday in different directions. The Dow Jones rose 0.43%, reaching a monthly high, the S&P 500 rose 0.37%, and the NASDAQ Composite lost 0.05%. The dollar index was down 0.13% to 93.602.
Bitcoin updated its ATN several times yesterday. At the moment, the absolute at 67,016, after which a rollback to 63K followed, which was quickly redeemed and the price returned to 65K.
It is still difficult to say how events will develop further, on one hand, growth is not limited by anything, there are only psychological marks at levels of 70-80-100K, but on the other hand, most bitcoin holders are in huge profits gains and many are very large holdings, which increases the temptation to take profits. I think it is at such psychological levels there will be high volatility.
We are starting to see amplified talk of Bitcoin price predictions of 100-150 and even 300K. Exchange reserves of BTC fell to the lows of 2018. Every day, new people and companies enter the crypto, choosing Bitcoin as insurance against inflation, and after each update of the highs, all the top media spread the good news around the world, thereby attracting new blood and strengthening FOMO.
Today I'm expecting a new ATH update and possibly Bitcoin's attempts to take 70K.
The priority variant is bitcoin in the range of 63000-69000, the alternative is going below 63000, which can return us to 60K.
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 21. 10. 2021
Bitcoin continued its growth yesterday moving in the range of 67000-63500. At the time of this writing, the main cryptocurrency is trading at around 64,700. Total Crypto Market capitalization is at $2.6 Trillion and BTC dominance index of 46.5%.
Equity markets finished trading on Wednesday in different directions. The Dow Jones rose 0.43%, reaching a monthly high, the S&P 500 rose 0.37%, and the NASDAQ Composite lost 0.05%. The dollar index was down 0.13% to 93.602.
Bitcoin updated its ATN several times yesterday. At the moment, the absolute at 67,016, after which a rollback to 63K followed, which was quickly redeemed and the price returned to 65K.
It is still difficult to say how events will develop further, on one hand, growth is not limited by anything, there are only psychological marks at levels of 70-80-100K, but on the other hand, most bitcoin holders are in huge profits gains and many are very large holdings, which increases the temptation to take profits. I think it is at such psychological levels there will be high volatility.
We are starting to see amplified talk of Bitcoin price predictions of 100-150 and even 300K. Exchange reserves of BTC fell to the lows of 2018. Every day, new people and companies enter the crypto, choosing Bitcoin as insurance against inflation, and after each update of the highs, all the top media spread the good news around the world, thereby attracting new blood and strengthening FOMO.
Today I'm expecting a new ATH update and possibly Bitcoin's attempts to take 70K.
The priority variant is bitcoin in the range of 63000-69000, the alternative is going below 63000, which can return us to 60K.
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.
Binance CEO Issues Serious Crypto Price Warning As Sudden Bitcoin ‘Flash Crash’ to $8,200. Near -90% .
Thoughts on the market 22.10. 2021
Yesterday Bitcoin remained in the range of 66600-62000, corrections below 62K did not hold and at the time of writing this review, the main cryptocurrency is trading around 62,800. Total crypto market capitalization now at $2.58 Trillion, and BTC dominance index of 45.9%.
Equity markets finished trading on Thursday in different directions. The Dow Jones fell 0.02%, the S&P 500 rose 0.30%, and the NASDAQ Composite rose 0.62%. Oil, gold and silver sagged. The dollar index rose 0.25% to 93.773.
On the crypto market, our priority version did not happen, bitcoin worked out an alternative review, Bitcoin price reached a low of 62,000 on the Binance Exchange. Etherium set a new all-time high at 4375 on the Binance Exchange. I am sure that by the end of the year we will see 6-7K.
Yesterday, there was some kind of scam on the Binance.US platform, the price dropped to $ 8,200 at the moment. A representative of the exchange says that this is a bug in the software of one of the institutional clients and they have already sorted it out. The question is, how was it possible? The reasonable cause could be someone at the institutional desk forgot to put a period where the cents go.
Write up from Forbes reports, Binance's chief executive warned crypto traders should watch out for "very high volatility" in coming months.
The main support is now at 62000, and resistance, which will provide a good basis for further movement to new highs of 66000. If we cannot hold 62K, we can roll back to 58 or even 53K, but in any case, in the medium term, this does not change anything. You may find some good trading prospects with GALA/BTC.
Plan for today is as follows: Bitcoin is in the range of 62000-66000, an alternative departure below 62K, which could lead to a drop in the price to 60-58K.
Wishing you a 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 22.10. 2021
Yesterday Bitcoin remained in the range of 66600-62000, corrections below 62K did not hold and at the time of writing this review, the main cryptocurrency is trading around 62,800. Total crypto market capitalization now at $2.58 Trillion, and BTC dominance index of 45.9%.
Equity markets finished trading on Thursday in different directions. The Dow Jones fell 0.02%, the S&P 500 rose 0.30%, and the NASDAQ Composite rose 0.62%. Oil, gold and silver sagged. The dollar index rose 0.25% to 93.773.
On the crypto market, our priority version did not happen, bitcoin worked out an alternative review, Bitcoin price reached a low of 62,000 on the Binance Exchange. Etherium set a new all-time high at 4375 on the Binance Exchange. I am sure that by the end of the year we will see 6-7K.
Yesterday, there was some kind of scam on the Binance.US platform, the price dropped to $ 8,200 at the moment. A representative of the exchange says that this is a bug in the software of one of the institutional clients and they have already sorted it out. The question is, how was it possible? The reasonable cause could be someone at the institutional desk forgot to put a period where the cents go.
Write up from Forbes reports, Binance's chief executive warned crypto traders should watch out for "very high volatility" in coming months.
The main support is now at 62000, and resistance, which will provide a good basis for further movement to new highs of 66000. If we cannot hold 62K, we can roll back to 58 or even 53K, but in any case, in the medium term, this does not change anything. You may find some good trading prospects with GALA/BTC.
Plan for today is as follows: Bitcoin is in the range of 62000-66000, an alternative departure below 62K, which could lead to a drop in the price to 60-58K.
Wishing you a 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
Greed Takes over the CryptoMarket.
Thoughts on the market 25.10. 2021
Bitcoin dropped below 60K several times over the weekend, this corrections were bought out and at the time of this writing, #Bitcoin is trading at 62,050. Total Crypto Market capitalization at $2.58 Trillion, BTC dominance index at 45.3%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, gold and silver are growing.
Nothing interesting happened on the crypto market over the weekend, prices moved in the specified range, no fall below 58K. But several corrections under 60K, but they were quickly bought out, now we are trying to gain a foothold at 62K, but so far these attempts have not yielded results.
The main support is formed at 60K, resistance is the levels 62000-63250-64000 and so on. Plan for today. Bitcoin in the range of 60,000-64,000 is a priority option, a hike to 58,000 is an alternative.
As the legendary all time Wall Street investor known for compounding says “be greedy when others are fearful” or the inverse. Both sides of this quote may well be applicable today. Looking at how markets have been behaving recently, they seem to be caught in a somewhat ‘schizophrenic’ state. Last week the greed fear index was at 78. Last month it was at an extreme fear of 28. With the thin line, how you choose to play it is up to you. For now I find a short on ETH/BTC has a good risk reward ratio targeting 0.047411.
With that wish you a blessed week ahead, 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 25.10. 2021
Bitcoin dropped below 60K several times over the weekend, this corrections were bought out and at the time of this writing, #Bitcoin is trading at 62,050. Total Crypto Market capitalization at $2.58 Trillion, BTC dominance index at 45.3%.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, gold and silver are growing.
Nothing interesting happened on the crypto market over the weekend, prices moved in the specified range, no fall below 58K. But several corrections under 60K, but they were quickly bought out, now we are trying to gain a foothold at 62K, but so far these attempts have not yielded results.
The main support is formed at 60K, resistance is the levels 62000-63250-64000 and so on. Plan for today. Bitcoin in the range of 60,000-64,000 is a priority option, a hike to 58,000 is an alternative.
As the legendary all time Wall Street investor known for compounding says “be greedy when others are fearful” or the inverse. Both sides of this quote may well be applicable today. Looking at how markets have been behaving recently, they seem to be caught in a somewhat ‘schizophrenic’ state. Last week the greed fear index was at 78. Last month it was at an extreme fear of 28. With the thin line, how you choose to play it is up to you. For now I find a short on ETH/BTC has a good risk reward ratio targeting 0.047411.
With that wish you a blessed week ahead, 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.
Mastercard makes U-turn & Partners With Bakkt to Bring Cryptocurrency Payments to the Masses. Thoughts on the market 26.10. 2021
Bitcoin moved in the 63700-60600 range yesterday and at the time of writing this review, its trading around 62,500. Total Crypto Market capitalization of $2.61 Trillion, dominance index 45.0%
Stock markets ended Monday trading higher. The Dow Jones gained 0.18%, reaching an all-time high, the S&P 500 rose 0.47%, and the NASDAQ Composite rose 0.90%. Gold, silver and oil are on the rise. The dollar index rose 0.20% to 93.812.
On the crypto market, yesterday's review fully worked out. Bitcoin remained within the indicated range and has not yet been possible to gain a foothold above 64K nor leave below 60K. The main resistance is now forming around the levels of 63200-64000, and for the further growth of the main cryptocurrency, it is necessary to gain a foothold.
Payment giant Mastercard announced yesterday that it will soon launch support for cryptocurrencies on its network, which means that thousands of banks will be able to integrate cryptocurrencies into their products and compete with cryptocurrency exchanges. The Bakkt platform will become a partner and intermediary of the payment network, the shares of which have already increased by 180% since yesterday. This is very good news for the market.
However, let's call a spade a spade, not a big spoon. I like and agree what @
Patrick Schueffel shared, “I simply love these U-turns of #incumbent #players in the #financialservices #industry when it comes to #cryptocurrencies Yesterday: We won't won't touch #crypto, not even with a 10 ft. pole!
Today: "We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing” Mind boggling!!! 🤯 . Its one year later since (https://t.me/decryptedge/35)
Truly mind boggling.!
Telsa also hints that it may soon resume support for payments in cryptocurrency. At least that's what it says in the reports for the SEC. It is somewhat alarming that with such a news background, Bitcoin does not go to new highs. The correction to 59K was not too strong, many did not even have time to get scared. The greed index fell from 84 to 72, but it's still extremely high.
Today, the priority option is Bitcoin in the previous range of 60,000-64,000 with a possible move to a floor higher, in the range of 64,000-67,000. Alternative is below 60K. You may find a good rally with matic/usdt. It's now at $1.79 late entry targeting the ATH.
With that wish you a blessed day ahead, 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 #digitalassets #payment #mastercard #creditcard #currency #bitcoin #adoption #btc #ethereum #fiat #money #trust #crisis
Bitcoin moved in the 63700-60600 range yesterday and at the time of writing this review, its trading around 62,500. Total Crypto Market capitalization of $2.61 Trillion, dominance index 45.0%
Stock markets ended Monday trading higher. The Dow Jones gained 0.18%, reaching an all-time high, the S&P 500 rose 0.47%, and the NASDAQ Composite rose 0.90%. Gold, silver and oil are on the rise. The dollar index rose 0.20% to 93.812.
On the crypto market, yesterday's review fully worked out. Bitcoin remained within the indicated range and has not yet been possible to gain a foothold above 64K nor leave below 60K. The main resistance is now forming around the levels of 63200-64000, and for the further growth of the main cryptocurrency, it is necessary to gain a foothold.
Payment giant Mastercard announced yesterday that it will soon launch support for cryptocurrencies on its network, which means that thousands of banks will be able to integrate cryptocurrencies into their products and compete with cryptocurrency exchanges. The Bakkt platform will become a partner and intermediary of the payment network, the shares of which have already increased by 180% since yesterday. This is very good news for the market.
However, let's call a spade a spade, not a big spoon. I like and agree what @
Patrick Schueffel shared, “I simply love these U-turns of #incumbent #players in the #financialservices #industry when it comes to #cryptocurrencies Yesterday: We won't won't touch #crypto, not even with a 10 ft. pole!
Today: "We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing” Mind boggling!!! 🤯 . Its one year later since (https://t.me/decryptedge/35)
Truly mind boggling.!
Telsa also hints that it may soon resume support for payments in cryptocurrency. At least that's what it says in the reports for the SEC. It is somewhat alarming that with such a news background, Bitcoin does not go to new highs. The correction to 59K was not too strong, many did not even have time to get scared. The greed index fell from 84 to 72, but it's still extremely high.
Today, the priority option is Bitcoin in the previous range of 60,000-64,000 with a possible move to a floor higher, in the range of 64,000-67,000. Alternative is below 60K. You may find a good rally with matic/usdt. It's now at $1.79 late entry targeting the ATH.
With that wish you a blessed day ahead, 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 #digitalassets #payment #mastercard #creditcard #currency #bitcoin #adoption #btc #ethereum #fiat #money #trust #crisis
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#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…
The SEC is likely to get the green light to target #stablecoins this week, report says Nigeria, Africa's largest economy, launches digital currency #eNaira. Thoughts on the market 27.10. 2021
#Bitcoin remained in the 63300-59800 range yesterday and at the time of writing this review, it is now trading at around 61,000. Total Crypto Market capitalization now at $2.601 Trillion with a BTC dominance index of 44.2%.
Equity markets closed with growth on Tuesday. The Dow Jones rose 0.04%, hitting an all-time high, the S&P 500 climbed 0.18%, and the NASDAQ Composite rose 0.06%. The dollar index rose 0.11% to 93.912.
On the crypto market, yesterday's analysis worked out that bitcoin remained in the indicated range. There was a small correction below 60K to the low at 59817 on @Binance Exchange, but it was immediately bought back and we returned above 61K. There is a concern and I am rather alarmed by the lack of growth with so much positivity, so a rebound to 56-53K is quite possible in the near future, buy orders must be pending on that zone.
The crypto market now depends on the mood in the stock and especially on the dollar index. If the dollar goes above 94 - we will continue to move down to refuel, if the dollar index will fall and the fund will grow - we go to new highs. Plan for today, iIf we cannot return and gain a foothold above 62000, then there is every chance to go to 59000-58000. If we take an altitude of 62000, then we go to 63000-64000.
Some news, the SEC has secured authority over #stablecoin regulation, Bloomberg reported on Monday. A highly-anticipated report laying out the SEC's powers will detail the government's role in stablecoin regulation. US agencies will urge Congress to pass legislation that states these coins should be regulated like bank deposits, Bloomberg said. We expect more of this tomorrow.
Lastly, Nigerian President Muhammadu Buhari launched the country's new digital eNaira currency on Monday as Africa's largest economy looked to tap into the growing popularity of virtual money and cryptocurrencies. The eNaira, Nigeria becomes the first in sub-Saharan Africa to fully launch a digital currency and joins China and a few other countries using or piloting central bank-regulated electronic tender. Nigeria's central bank earlier this year sought to control the use of cryptocurrencies by ordering banks to close accounts that were involved in such transactions. Read between the lines. The new eNaira will be issued as legal tender like the current naira currency and will operate on the #Hyperledger Fabric Blockchain. It will also follow the official exchange rate. Customers will be able to download the eNaira app and fund their mobile wallets using their bank accounts, according to the central bank.
As always, wishing you a 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
#Bitcoin remained in the 63300-59800 range yesterday and at the time of writing this review, it is now trading at around 61,000. Total Crypto Market capitalization now at $2.601 Trillion with a BTC dominance index of 44.2%.
Equity markets closed with growth on Tuesday. The Dow Jones rose 0.04%, hitting an all-time high, the S&P 500 climbed 0.18%, and the NASDAQ Composite rose 0.06%. The dollar index rose 0.11% to 93.912.
On the crypto market, yesterday's analysis worked out that bitcoin remained in the indicated range. There was a small correction below 60K to the low at 59817 on @Binance Exchange, but it was immediately bought back and we returned above 61K. There is a concern and I am rather alarmed by the lack of growth with so much positivity, so a rebound to 56-53K is quite possible in the near future, buy orders must be pending on that zone.
The crypto market now depends on the mood in the stock and especially on the dollar index. If the dollar goes above 94 - we will continue to move down to refuel, if the dollar index will fall and the fund will grow - we go to new highs. Plan for today, iIf we cannot return and gain a foothold above 62000, then there is every chance to go to 59000-58000. If we take an altitude of 62000, then we go to 63000-64000.
Some news, the SEC has secured authority over #stablecoin regulation, Bloomberg reported on Monday. A highly-anticipated report laying out the SEC's powers will detail the government's role in stablecoin regulation. US agencies will urge Congress to pass legislation that states these coins should be regulated like bank deposits, Bloomberg said. We expect more of this tomorrow.
Lastly, Nigerian President Muhammadu Buhari launched the country's new digital eNaira currency on Monday as Africa's largest economy looked to tap into the growing popularity of virtual money and cryptocurrencies. The eNaira, Nigeria becomes the first in sub-Saharan Africa to fully launch a digital currency and joins China and a few other countries using or piloting central bank-regulated electronic tender. Nigeria's central bank earlier this year sought to control the use of cryptocurrencies by ordering banks to close accounts that were involved in such transactions. Read between the lines. The new eNaira will be issued as legal tender like the current naira currency and will operate on the #Hyperledger Fabric Blockchain. It will also follow the official exchange rate. Customers will be able to download the eNaira app and fund their mobile wallets using their bank accounts, according to the central bank.
As always, wishing you a 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
Meme Coins Crypto Craze at Euphoric levels. #AMC Let Customers Pay Using Shiba Inu Coin Instead of Dogecoin?
Thoughts on the market 28. 10. 2021
Bitcoin yesterday oscillated between $61500-58000 range and at the time of writing this review its trading at around 58800. Total Crypto Market capitalization of $2.490 Trillion with BTC dominance index of 44.6%.
Equity markets finished trading on Wednesday in different directions. The Dow Jones fell 0.74%, the S&P 500 lost 0.51%, and the NASDAQ Composite rose 0.02%. The dollar index was down 0.06% to 93.882.
The option with the price going down to 58,000 worked out as indicated in yesterday's review.
Altcoins are amicably following Bitcoin, with some losing up to 15 percent, only Shiba inu and 1inch Network grew, which, during the fall of the entire market, renewed their highs.
The Shiba inu meme token, generally entered the top 10 in terms of capitalization, surpassing even Ripple (XRP). But here the question, how long will this pump last?, soon a lot of people will suffer heavy losses by going all in out of FOMO. I titled today’s review “#meme Coins Crypto Craze at Euphoric levels.” Folks have taken to Reddit, Twitter, and other social platforms to request that Shiba Inu become an acceptable bartering tool for multiplex tickets or a tub of popcorn. There are even a few Change.org petitions making the rounds urging AMC to warm up to the crypto. AMC CEO Adam Aron will go to great lengths to seem relatable to the theater chain's young retail investors.
There is nothing you are missing unless you want to throw away some money.. If you are ok with that then go for it. So far, I don't see anything critical, we are gradually unloading and this is good, the faster and more we shade weight , the better the growth will be.
Plan for today. If we cannot overcome the resistance zone of 60,000, then there is every chance to go to the floor below: 57000-56000. If we fix above 60,000, then the next resistance levels are at 62000-64000. Please note BTC reached the first key support level of $58K, once bears break it and close below daily, they will push BTC to $52/47K you may load up for a short-term buy. To erase the negative view for the movement, the bulls need to reclaim $65K again. We could be wrong or right, so be sure to 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. Image source: Getty Images.
Thoughts on the market 28. 10. 2021
Bitcoin yesterday oscillated between $61500-58000 range and at the time of writing this review its trading at around 58800. Total Crypto Market capitalization of $2.490 Trillion with BTC dominance index of 44.6%.
Equity markets finished trading on Wednesday in different directions. The Dow Jones fell 0.74%, the S&P 500 lost 0.51%, and the NASDAQ Composite rose 0.02%. The dollar index was down 0.06% to 93.882.
The option with the price going down to 58,000 worked out as indicated in yesterday's review.
Altcoins are amicably following Bitcoin, with some losing up to 15 percent, only Shiba inu and 1inch Network grew, which, during the fall of the entire market, renewed their highs.
The Shiba inu meme token, generally entered the top 10 in terms of capitalization, surpassing even Ripple (XRP). But here the question, how long will this pump last?, soon a lot of people will suffer heavy losses by going all in out of FOMO. I titled today’s review “#meme Coins Crypto Craze at Euphoric levels.” Folks have taken to Reddit, Twitter, and other social platforms to request that Shiba Inu become an acceptable bartering tool for multiplex tickets or a tub of popcorn. There are even a few Change.org petitions making the rounds urging AMC to warm up to the crypto. AMC CEO Adam Aron will go to great lengths to seem relatable to the theater chain's young retail investors.
There is nothing you are missing unless you want to throw away some money.. If you are ok with that then go for it. So far, I don't see anything critical, we are gradually unloading and this is good, the faster and more we shade weight , the better the growth will be.
Plan for today. If we cannot overcome the resistance zone of 60,000, then there is every chance to go to the floor below: 57000-56000. If we fix above 60,000, then the next resistance levels are at 62000-64000. Please note BTC reached the first key support level of $58K, once bears break it and close below daily, they will push BTC to $52/47K you may load up for a short-term buy. To erase the negative view for the movement, the bulls need to reclaim $65K again. We could be wrong or right, so be sure to 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. Image source: Getty Images.
Hollywood's top star Matt Damon, Promotes a Cryptocurrency Platform. Thoughts on the market 29. 10. 2021
Bitcoin has been in the range of 62500-57800, the correction to 57K was quickly redeemed and bitcoin moved to growth. At the time of this writing, #Bitcoin is trading at around 60,900. Total cryptomarket capitalization is $2.60 Trillion with BTC dominance index of 44.1%.
Stock markets ended Thursday trading with growth. The Dow Jones climbed 0.68%, the S&P 500 climbed 0.98%, and the NASDAQ Composite rose 1.39%. Gold, silver and oil are also on the rise. The dollar index dropped 0.48% to 93.352.
Everything is fine on the cryptomarket, bitcoin after yesterday's correction to 57K has already returned everything that was lost and even tested an important resistance at 62,500, but so far without result.
Altcoins have returned to life and are already showing new highs. Ethereum (ETH) price has reached a new all-time high at 4405 on @Binance Exchange.High probability is still set at 6-7K (https://t.me/decryptedge/810) until the end of the year.
Bitcoin’s main resistance is still at the level of 62000, a breakthrough of which will open the door to new growth. With such a positive, which is thrown into the information field every day, everyone awaits for new highs. My bias view us we shall retest 60K level which will lead us to 58,700
Facebook Corporation is now Meta. Zuckerberg no longer wants to be associated with social media, rather wants to look beyond. It is now a metaverse that will support NFT.
Coinbase's mobile app was ranked # 1 on the Apple App Store in the US and Matt Damon, Hollywood's top star, promotes cryptocurrency platform Crypt.com. Matt Damon is known for movies such as Contagion (1998) brought a lot of talk around Covid-19, the Invictus(2009), he had a role of Francois Pienaar, a world-class rugby player leading the South African team in the wake of apartheid’s end, my favorite Oceans 11.
Can you imagine how much new money is attracted to the crypto market every day, and this flow is only increasing, so we may hit the $3Trillion Market cap soon, in weeks and then see a lot of price action.
As always, wishing you a 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 Images Courtesy.
Bitcoin has been in the range of 62500-57800, the correction to 57K was quickly redeemed and bitcoin moved to growth. At the time of this writing, #Bitcoin is trading at around 60,900. Total cryptomarket capitalization is $2.60 Trillion with BTC dominance index of 44.1%.
Stock markets ended Thursday trading with growth. The Dow Jones climbed 0.68%, the S&P 500 climbed 0.98%, and the NASDAQ Composite rose 1.39%. Gold, silver and oil are also on the rise. The dollar index dropped 0.48% to 93.352.
Everything is fine on the cryptomarket, bitcoin after yesterday's correction to 57K has already returned everything that was lost and even tested an important resistance at 62,500, but so far without result.
Altcoins have returned to life and are already showing new highs. Ethereum (ETH) price has reached a new all-time high at 4405 on @Binance Exchange.High probability is still set at 6-7K (https://t.me/decryptedge/810) until the end of the year.
Bitcoin’s main resistance is still at the level of 62000, a breakthrough of which will open the door to new growth. With such a positive, which is thrown into the information field every day, everyone awaits for new highs. My bias view us we shall retest 60K level which will lead us to 58,700
Facebook Corporation is now Meta. Zuckerberg no longer wants to be associated with social media, rather wants to look beyond. It is now a metaverse that will support NFT.
Coinbase's mobile app was ranked # 1 on the Apple App Store in the US and Matt Damon, Hollywood's top star, promotes cryptocurrency platform Crypt.com. Matt Damon is known for movies such as Contagion (1998) brought a lot of talk around Covid-19, the Invictus(2009), he had a role of Francois Pienaar, a world-class rugby player leading the South African team in the wake of apartheid’s end, my favorite Oceans 11.
Can you imagine how much new money is attracted to the crypto market every day, and this flow is only increasing, so we may hit the $3Trillion Market cap soon, in weeks and then see a lot of price action.
As always, wishing you a 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 Images Courtesy.
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Binance CEO Issues Serious Crypto Price Warning As Sudden Bitcoin ‘Flash Crash’ to $8,200. Near -90% .
Thoughts on the market 22.10. 2021
Yesterday Bitcoin remained in the range of 66600-62000, corrections below 62K did not hold and at the time of writing…
Thoughts on the market 22.10. 2021
Yesterday Bitcoin remained in the range of 66600-62000, corrections below 62K did not hold and at the time of writing…