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…
#Coinbase User Loses 206 Bitcoins Worth $11.6M. Thoughts on the #Cryptomarket 1. 11. 2021.
#Bitcoin, over the weekend was in the range of 62400-59400,corrections below 60K were quickly redeemed at the time of this writing Bitcoin is trading at 60,400 and a dominance index 44.0% Total crypto market capitalization of $2.59 Trillion.
Stock markets opened higher. At the moment, S&P 500 futures are slightly positive, Asian indices are trading in the green zone, gold and silver are also growing.
Nothing has changed dramatically on the crypto market over the weekend, we continue to move in the same narrow range. Bitcoin has been closing above 60K now for 3 weeks in a row and for the first time in history, we fix the highest closing of a monthly candle. Next, we have November, which, according to statistics, is considered positive for the main cryptocurrency, and from November I expect new ATN, for this we have all the necessary prerequisites.
We can not rule out another dive under 60K for a short while. The current important support is at 60K, and the main resistances are still the levels 62000 - 64000, overcoming which will open the way for us to these highs.
Once again, I want to draw your attention to the dollar index, bitcoin has an inverse correlation with it, such a relationship can be traced back to March 2020, and as soon as the dollar begins to fall below 93-92, the growth of bitcoin will be parabolic. Better said, when Bitcoin is strong(growing in price), the dollar index is often weak and vice-versa.
To some news, a #Coinbase user lost $11.6 million in under 10 minutes after falling for a fake-notification scam, the US Attorney's Office said. Federal investigators filed a warrant for 10.2 bitcoin held in a Huobi Global wallet. The crypto was stolen from a Coinbase account in an $11.6 million heist, the government said. Investigators said an unknown person sent a notification to a Coinbase user after a 200 bitcoin buy. It is unclear how the alleged fraudster knew about the Coinbase transaction, and whether the online notification noted in the warrant appeared on a phone or computer. Coinbase has since declined to comment. Huobi Global has agreed to maintain a freeze on the funds pending resolution of the forfeiture action," Thom Mrozek, director of media relations for the US Attorney's Office in Los Angeles, told Insider via email. "No one has been arrested or charged, but our investigation is ongoing." Source: Business Insider
Always check and counter check the source of a message or email.. Before taking any action, especially now that all is digital.
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 #cryptocurrency #dollar #research Images Courtesy.
#Bitcoin, over the weekend was in the range of 62400-59400,corrections below 60K were quickly redeemed at the time of this writing Bitcoin is trading at 60,400 and a dominance index 44.0% Total crypto market capitalization of $2.59 Trillion.
Stock markets opened higher. At the moment, S&P 500 futures are slightly positive, Asian indices are trading in the green zone, gold and silver are also growing.
Nothing has changed dramatically on the crypto market over the weekend, we continue to move in the same narrow range. Bitcoin has been closing above 60K now for 3 weeks in a row and for the first time in history, we fix the highest closing of a monthly candle. Next, we have November, which, according to statistics, is considered positive for the main cryptocurrency, and from November I expect new ATN, for this we have all the necessary prerequisites.
We can not rule out another dive under 60K for a short while. The current important support is at 60K, and the main resistances are still the levels 62000 - 64000, overcoming which will open the way for us to these highs.
Once again, I want to draw your attention to the dollar index, bitcoin has an inverse correlation with it, such a relationship can be traced back to March 2020, and as soon as the dollar begins to fall below 93-92, the growth of bitcoin will be parabolic. Better said, when Bitcoin is strong(growing in price), the dollar index is often weak and vice-versa.
To some news, a #Coinbase user lost $11.6 million in under 10 minutes after falling for a fake-notification scam, the US Attorney's Office said. Federal investigators filed a warrant for 10.2 bitcoin held in a Huobi Global wallet. The crypto was stolen from a Coinbase account in an $11.6 million heist, the government said. Investigators said an unknown person sent a notification to a Coinbase user after a 200 bitcoin buy. It is unclear how the alleged fraudster knew about the Coinbase transaction, and whether the online notification noted in the warrant appeared on a phone or computer. Coinbase has since declined to comment. Huobi Global has agreed to maintain a freeze on the funds pending resolution of the forfeiture action," Thom Mrozek, director of media relations for the US Attorney's Office in Los Angeles, told Insider via email. "No one has been arrested or charged, but our investigation is ongoing." Source: Business Insider
Always check and counter check the source of a message or email.. Before taking any action, especially now that all is digital.
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 #cryptocurrency #dollar #research Images Courtesy.
“Fortune Favours the Brave” Crypto.com. Thoughts on the market 2. 10. 2021
#Bitcoin yesterday moved within the range of 62400-60600 and at the time of this writing, it is trading around 61,600.
Market capitalization: $2.65 Trillion.
Dominance Index: 43.7%
Fear / Greed Index: 73%
The stock market ended Monday trading with growth. The Dow Jones rose 0.26%, hitting an all-time high, the S&P 500 climbed 0.18%, and the NASDAQ rose 0.63%. The dollar index was down 0.26% to 93.877.
Nothing has changed on the crypto market since yesterday, bitcoin is struggling to break out of the range in which it is stuck, but it encounters resistance around the levels 62000-62500 and cannot overcome it.
My main scenario is an upward trend, and as long as the price is trading above 60K, there are all prerequisites for growth. Cancellation level - price fixing below 60,000-59500. In the meantime, today is the same as yesterday. If it is not possible to overcome the resistance zone at 62000, then we can go back to 60K, if the support at 60K is broken, we go to 59-58K. Leaving and overcoming 62K, opens the way for us to 63-64K.
You got to love the short clip done by Matt Damon for @Crypto.com. Indeed “Fortune Favours the Brave” while at it and in the moment you can buy some and accumulate some Crypto.com Coin (CRO) is now trading at $0.221899 and hold for the long term, good gains incoming. We spoke about how much new money may be attracted to Crypto(https://t.me/decryptedge/822)
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 Video Courtesy.
#Bitcoin yesterday moved within the range of 62400-60600 and at the time of this writing, it is trading around 61,600.
Market capitalization: $2.65 Trillion.
Dominance Index: 43.7%
Fear / Greed Index: 73%
The stock market ended Monday trading with growth. The Dow Jones rose 0.26%, hitting an all-time high, the S&P 500 climbed 0.18%, and the NASDAQ rose 0.63%. The dollar index was down 0.26% to 93.877.
Nothing has changed on the crypto market since yesterday, bitcoin is struggling to break out of the range in which it is stuck, but it encounters resistance around the levels 62000-62500 and cannot overcome it.
My main scenario is an upward trend, and as long as the price is trading above 60K, there are all prerequisites for growth. Cancellation level - price fixing below 60,000-59500. In the meantime, today is the same as yesterday. If it is not possible to overcome the resistance zone at 62000, then we can go back to 60K, if the support at 60K is broken, we go to 59-58K. Leaving and overcoming 62K, opens the way for us to 63-64K.
You got to love the short clip done by Matt Damon for @Crypto.com. Indeed “Fortune Favours the Brave” while at it and in the moment you can buy some and accumulate some Crypto.com Coin (CRO) is now trading at $0.221899 and hold for the long term, good gains incoming. We spoke about how much new money may be attracted to Crypto(https://t.me/decryptedge/822)
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 Video Courtesy.
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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…
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…
$69 billion in Bitcoin is at the center of Miami crypto court fight as we expect New Highs For Bitcoin. Thoughts on the market 3.11. 2021
Bitcoin continued its growth and yesterday was in the range of 64200-6060o, at the time of writing this review, it is trading at around 63,100.
Market capitalization: $2.74 Trillion
Dominance Index: 43.4%
Fear / Greed Index: 76%
The stock market ended Tuesday trading with growth. The Dow Jones rose 0.39%, hitting an all-time high, the S&P 500 climbed 0.37%, and the NASDAQ climbed 0.34%. The dollar index rose 0.23% to 94.093.
On the crypto market, the option with fixing above 62K worked, the price even broke through the resistance zone at 64K and reached 64270 on the Binance exchange, but did not have enough strength to hold on to this level and dropped to 63K, which it is now trying to hold.
I am sure that today we will once again try 64K for strength and there is every reason for this, unless, of course, some FUD comes out, but so far the background is positive.
Altcoins are gaining momentum and renewing their historical highs. From the top 10 yesterday came success: Ethereum (ETH) with a new ATH of $4640, Solana (SOL) at 232, Polkadot (DOT) at $53. All these are on the Binance exchange.
Now we are facing resistance at 64000-64250, if we break them, then we go to the ATN test, and then 70,000. I think that with a good news background we will take this week.
For today: If today we cannot break through the resistance at 64000-64250, then we can go down to 62-61K, if we break through, then we go to 65-67K. Watch out for a new all time high within the next 48 hours or so on Bitcoin as it is a RR highly rewarding.
Lastly to some news, Bragging rights and more than $69 billion are at stake in a cryptocurrency court battle underway in Miami. Legal arguments started Monday in a trial that could (possibly) establish who was the true creator of Bitcoin—and who has rights to Satoshi Nakamoto’s 1.1 million BTC wallet. A civil trial pitting Ira Kleiman versus Craig Wright seeks to establish who was the real person behind the Bitcoin founder’s pseudonym. Wright, an Australian computer scientist, has made his claim since 2016, but Kleiman says his late brother David, a friend of Wright’s, was the co creator and is entitled to a share of the Bitcoin nest egg. Source: fortune.com
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.
Bitcoin continued its growth and yesterday was in the range of 64200-6060o, at the time of writing this review, it is trading at around 63,100.
Market capitalization: $2.74 Trillion
Dominance Index: 43.4%
Fear / Greed Index: 76%
The stock market ended Tuesday trading with growth. The Dow Jones rose 0.39%, hitting an all-time high, the S&P 500 climbed 0.37%, and the NASDAQ climbed 0.34%. The dollar index rose 0.23% to 94.093.
On the crypto market, the option with fixing above 62K worked, the price even broke through the resistance zone at 64K and reached 64270 on the Binance exchange, but did not have enough strength to hold on to this level and dropped to 63K, which it is now trying to hold.
I am sure that today we will once again try 64K for strength and there is every reason for this, unless, of course, some FUD comes out, but so far the background is positive.
Altcoins are gaining momentum and renewing their historical highs. From the top 10 yesterday came success: Ethereum (ETH) with a new ATH of $4640, Solana (SOL) at 232, Polkadot (DOT) at $53. All these are on the Binance exchange.
Now we are facing resistance at 64000-64250, if we break them, then we go to the ATN test, and then 70,000. I think that with a good news background we will take this week.
For today: If today we cannot break through the resistance at 64000-64250, then we can go down to 62-61K, if we break through, then we go to 65-67K. Watch out for a new all time high within the next 48 hours or so on Bitcoin as it is a RR highly rewarding.
Lastly to some news, Bragging rights and more than $69 billion are at stake in a cryptocurrency court battle underway in Miami. Legal arguments started Monday in a trial that could (possibly) establish who was the true creator of Bitcoin—and who has rights to Satoshi Nakamoto’s 1.1 million BTC wallet. A civil trial pitting Ira Kleiman versus Craig Wright seeks to establish who was the real person behind the Bitcoin founder’s pseudonym. Wright, an Australian computer scientist, has made his claim since 2016, but Kleiman says his late brother David, a friend of Wright’s, was the co creator and is entitled to a share of the Bitcoin nest egg. Source: fortune.com
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.
Congratulations! New York City Gets Itself a #Bitcoin Mayor. Thoughts on the market 4.11. 2021
Bitcoin was in the range of 63500-60380 during the last 24hrs and as of this writing, its trading at around 62,500.
Market capitalization: $2,73 Trillion.
Dominance Index: 43.0%
Fear / Greed Index: 73%
The stock market ended Wednesday trading with growth. The Dow Jones rose 0.29%, reaching an all-time high, the S&P 500 rose 0.65%, and the NASDAQ Composite rose 1.04%. The dollar index was down 0.26% to 93.835.
On the cryptomarket we are confidently holding above 60K and the market audience are feeling confident. Yesterday's false breakout of support at 62-61K on the Binance exchange were quickly redeemed and we returned to 62K again. Therefore, the priority option is new highs.
The high dollar index slows down the growth, if it begins to decline at least to 93.5 and below, we will see bitcoin at 70,000 and above. Altcoins continue their upward movement. Yesterday they came to success again: #Ethereum (ETH) with a new high of $4,665, #Solana (SOL) at $248, and #Polkadot (DOT) at $54.
Review for today, priority option is bitcoin in the range of 60,000-64,000, the alternative is going below 60,000 (which is unlikely in the current situation)
#NewYork City Mayor-elect Eric Adams hopes to create a city-wide #cryptocurrency in the vein of Florida’s #MiamiCoin, the politician told Bloomberg Radio Wednesday, a move that would make the Big Apple the second city in the nation to collect revenue through digital currency and could position it to become a hub for the emerging crypto industry.
Back in June during his campaigns he promised to turn the city into a Bitcoin hub status. (https://t.me/decryptedge/604) now he has the seat. We can only wish him all the best. Adams waged a “friendly competition” with Miami Mayor, Suarez, whose city became the first municipality in the country to accept contributions through CityCoin. FYI. $7.1 million is how much MiamiCoin has generated for the south Florida city since its creation in August, according to the Washington Post. Source: Forbes.
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.
Bitcoin was in the range of 63500-60380 during the last 24hrs and as of this writing, its trading at around 62,500.
Market capitalization: $2,73 Trillion.
Dominance Index: 43.0%
Fear / Greed Index: 73%
The stock market ended Wednesday trading with growth. The Dow Jones rose 0.29%, reaching an all-time high, the S&P 500 rose 0.65%, and the NASDAQ Composite rose 1.04%. The dollar index was down 0.26% to 93.835.
On the cryptomarket we are confidently holding above 60K and the market audience are feeling confident. Yesterday's false breakout of support at 62-61K on the Binance exchange were quickly redeemed and we returned to 62K again. Therefore, the priority option is new highs.
The high dollar index slows down the growth, if it begins to decline at least to 93.5 and below, we will see bitcoin at 70,000 and above. Altcoins continue their upward movement. Yesterday they came to success again: #Ethereum (ETH) with a new high of $4,665, #Solana (SOL) at $248, and #Polkadot (DOT) at $54.
Review for today, priority option is bitcoin in the range of 60,000-64,000, the alternative is going below 60,000 (which is unlikely in the current situation)
#NewYork City Mayor-elect Eric Adams hopes to create a city-wide #cryptocurrency in the vein of Florida’s #MiamiCoin, the politician told Bloomberg Radio Wednesday, a move that would make the Big Apple the second city in the nation to collect revenue through digital currency and could position it to become a hub for the emerging crypto industry.
Back in June during his campaigns he promised to turn the city into a Bitcoin hub status. (https://t.me/decryptedge/604) now he has the seat. We can only wish him all the best. Adams waged a “friendly competition” with Miami Mayor, Suarez, whose city became the first municipality in the country to accept contributions through CityCoin. FYI. $7.1 million is how much MiamiCoin has generated for the south Florida city since its creation in August, according to the Washington Post. Source: Forbes.
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.
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It's #Miami Vs #NewYork in the #Bitcoin City Hub Race. 50,000 Electric Vehicle Charging Stations in Europe to Offer #Crypto #Payments. Thoughts on the market 25. 06. 2021.
Bitcoin continued its growth during the day to a high price of $35500 on Binance Exchange.…
Bitcoin continued its growth during the day to a high price of $35500 on Binance Exchange.…
#Thailand’s Oldest Bank Acquires 51% Stake in #Crypto Exchange Bitkub while #FED Dials Back Bond Purchases, Plots End to Stimulus by June.
Thoughts on the market 05.11. 2021
Unable to gain a foothold above the level of 64000, #Bitcoin spent the past 24hrs in the range of 63300-60700. It is now trading at about $62,200.
Market capitalization: $2,72 Trillion
Dominance Index: 42.9%
Fear / Greed Index: 73%
The stock market finished trading on Thursday in different directions. The Dow Jones fell 0.09%, the S&P 500 rose 0.42%, and the NASDAQ Composite rose 0.81%. The dollar index rose 0.50% to 94.323.
On the crypto market, the priority version of yesterday's review worked out, Bitcoin held above 60K. A low of 60677 was set at the Binance exchange. We are now back at 62K where its trying to hold on.
Altcoins did not fall much with a decrease in bitcoin, the dominance index is already below 63%. Ethereum (ETH) after the established ATH is holding quite confidently, BNB seems to be heading for new highs. Let's not forget about market cycles.
Given the decline in Bitcoin with stable or rising altitudes, it looks like another market cycle is nearing completion. The dollar index rose again, which slows down Bitcoin growth. We talked about its impact on bitcoin(https://t.me/decryptedge/291) . The priority option is bitcoin in the range of 60,000-64,000, the alternative is going below 60,000.
A few words about the Fed and the stimulus cut:
Fed Chairman Jerome Powell shared plans to reduce the stimulus program for buying bonds, by gradually reducing volumes by $15 billion every month, starting this month. On one hand, such a statement could lead to some decrease in investor interest in digital assets as a hedge against inflation. But on the other hand, they kept the discount rate at a zero level throughout the next year, despite a rather significant increase in inflation indicators in recent years.
Thus, despite the upcoming curtailment on stimulating monetary policy in the United States, the capitalization of crypto assets will be replenished for at least another year due to flows associated with inflation insurance. FYI: The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next. Source: WSJ.com
Interesting: The oldest and third largest bank in Thailand, Siam Commercial Bank (SCB), has invested about 17.85 billion Thai Baht (~ $ 536 million) in the #Bitkub cryptocurrency exchange by purchasing 51% of the shares. Completion of the transaction is expected in the first quarter of 2022 if approved by regulators. This will be a majority stake in the Thai crypto exchange Bitkub. It’s one of the few licensed exchanges in the country and will act as a launchpad for the SCB’s growing involvement in the crypto asset class.
#NFA #DYOR #decryptedge
Thoughts on the market 05.11. 2021
Unable to gain a foothold above the level of 64000, #Bitcoin spent the past 24hrs in the range of 63300-60700. It is now trading at about $62,200.
Market capitalization: $2,72 Trillion
Dominance Index: 42.9%
Fear / Greed Index: 73%
The stock market finished trading on Thursday in different directions. The Dow Jones fell 0.09%, the S&P 500 rose 0.42%, and the NASDAQ Composite rose 0.81%. The dollar index rose 0.50% to 94.323.
On the crypto market, the priority version of yesterday's review worked out, Bitcoin held above 60K. A low of 60677 was set at the Binance exchange. We are now back at 62K where its trying to hold on.
Altcoins did not fall much with a decrease in bitcoin, the dominance index is already below 63%. Ethereum (ETH) after the established ATH is holding quite confidently, BNB seems to be heading for new highs. Let's not forget about market cycles.
Given the decline in Bitcoin with stable or rising altitudes, it looks like another market cycle is nearing completion. The dollar index rose again, which slows down Bitcoin growth. We talked about its impact on bitcoin(https://t.me/decryptedge/291) . The priority option is bitcoin in the range of 60,000-64,000, the alternative is going below 60,000.
A few words about the Fed and the stimulus cut:
Fed Chairman Jerome Powell shared plans to reduce the stimulus program for buying bonds, by gradually reducing volumes by $15 billion every month, starting this month. On one hand, such a statement could lead to some decrease in investor interest in digital assets as a hedge against inflation. But on the other hand, they kept the discount rate at a zero level throughout the next year, despite a rather significant increase in inflation indicators in recent years.
Thus, despite the upcoming curtailment on stimulating monetary policy in the United States, the capitalization of crypto assets will be replenished for at least another year due to flows associated with inflation insurance. FYI: The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next. Source: WSJ.com
Interesting: The oldest and third largest bank in Thailand, Siam Commercial Bank (SCB), has invested about 17.85 billion Thai Baht (~ $ 536 million) in the #Bitkub cryptocurrency exchange by purchasing 51% of the shares. Completion of the transaction is expected in the first quarter of 2022 if approved by regulators. This will be a majority stake in the Thai crypto exchange Bitkub. It’s one of the few licensed exchanges in the country and will act as a launchpad for the SCB’s growing involvement in the crypto asset class.
#NFA #DYOR #decryptedge
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KryptoEdge
We talked about market cycles when in early January we discussed whether there will be an alt season, it was really a matter of when. It is inevitable, because the standard market cycle assumes that after the growth of Bitcoin, altcoins also grow. TOP tier…
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#Thailand’s Oldest Bank Acquires 51% Stake in #Crypto Exchange Bitkub while #FED Dials Back Bond Purchases, Plots End to Stimulus by June. Thoughts on the market 05.11. 2021 Unable to gain a foothold above the level of 64000, #Bitcoin spent the past 24hrs…
BITCOIN101 . 3 Ways Big Bitcoin Players Disrupt The Market.
We shall talk about- Big Market Players Vs Small Traders in Crypto.
- Crypto-Markets news and this week updates.
- Open Q & A session.
https://us02web.zoom.us/j/2451273744?pwd=dlM3UkdvS0gxWWtSMEVrWS9nSzAzQT09
We shall talk about- Big Market Players Vs Small Traders in Crypto.
- Crypto-Markets news and this week updates.
- Open Q & A session.
https://us02web.zoom.us/j/2451273744?pwd=dlM3UkdvS0gxWWtSMEVrWS9nSzAzQT09
Bitcoin, Is $70,000 The Next Stop?
Thoughts on the market 8.11.2021
Bitcoin continued its growth over the weekend, to a high of $65639 on the Binance Exchange. As of this writing, it is trading around 65,700.
Market capitalization: $2.85 Trillion.
Dominance Index: 43.4%
Fear / Greed Index: 75%
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight negative , Asian indices also show multidirectional dynamics, gold, silver and oil are growing. The dollar index fell 0.03% to 94.29.
On the crypto market, the priority version of Saturday's forecast worked out, bitcoin remained in the indicated range. The low was set at 60050, and a high of 65639 as quoted on the Binance exchange. Price did not go below 60,000, the weekly candle closed above 62,000 and now we are approaching serious resistance at 66,000.
Altcoins continue to show highs, Ethereum (ETH) has set a new ATH of $4737. There is no doubt that the price of Ethereum in this cycle will reach 6-7K. We already mentioned this. Cardano (ADA) and XRP started moving, I am sure that they also seem to be good results.
There is very little left to the historical highs, and if today we break through 66,000, then we go to 68,500 - 70,000, there will definitely be a stop at 70K, since this is a serious psychological milestone and many have already placed sell orders there for a long time.
If we don't take 66000, then we go down one floor to 63000-62000.
Interesting: Cryptocurrency exchange Bakkt has continued to develop its own retail payment system. Previously, it only processed Bitcoin payments from users of the application for retailers who want to accept cryptocurrencies, Ethereum will be added. The Bitfinex cryptocurrency exchange has achieved the integration of its own payment network Bitfinex Pay with the MetaMask wallet. Given the popularity of this application, the system could gain millions of new users. Image Source: newsbtc.com
As always, wishing you a greatweek ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation.
Thoughts on the market 8.11.2021
Bitcoin continued its growth over the weekend, to a high of $65639 on the Binance Exchange. As of this writing, it is trading around 65,700.
Market capitalization: $2.85 Trillion.
Dominance Index: 43.4%
Fear / Greed Index: 75%
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight negative , Asian indices also show multidirectional dynamics, gold, silver and oil are growing. The dollar index fell 0.03% to 94.29.
On the crypto market, the priority version of Saturday's forecast worked out, bitcoin remained in the indicated range. The low was set at 60050, and a high of 65639 as quoted on the Binance exchange. Price did not go below 60,000, the weekly candle closed above 62,000 and now we are approaching serious resistance at 66,000.
Altcoins continue to show highs, Ethereum (ETH) has set a new ATH of $4737. There is no doubt that the price of Ethereum in this cycle will reach 6-7K. We already mentioned this. Cardano (ADA) and XRP started moving, I am sure that they also seem to be good results.
There is very little left to the historical highs, and if today we break through 66,000, then we go to 68,500 - 70,000, there will definitely be a stop at 70K, since this is a serious psychological milestone and many have already placed sell orders there for a long time.
If we don't take 66000, then we go down one floor to 63000-62000.
Interesting: Cryptocurrency exchange Bakkt has continued to develop its own retail payment system. Previously, it only processed Bitcoin payments from users of the application for retailers who want to accept cryptocurrencies, Ethereum will be added. The Bitfinex cryptocurrency exchange has achieved the integration of its own payment network Bitfinex Pay with the MetaMask wallet. Given the popularity of this application, the system could gain millions of new users. Image Source: newsbtc.com
As always, wishing you a greatweek ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation.