Bitcoin Bull run shows signs of wear as crypto investors eye other coins; #Omicron, #Fed Taper Loom. Crypto Exchange Backed By #PayPal’s Peter Thiel And Richard Li Goes Live For Institutional Clients

Thoughts on the market 1.12.2021

Bitcoin after falling to $56,000, it began a gradual recovery and by the time the head of the Federal Reserve spoke before Congress, it returned to the $58,500 mark. After the end of the speech, Bitcoin plummeted to $56,600. At the moment we are at $56,800.

Market capitalization: $2.63 Trillion.
BTC Dominance Index: 40.9%
Fear / Greed Index: 34
The dollar index: 95.92.

On Tuesday morning, the head of the Moderna company brought another negative to the market, who said that the effectiveness of their vaccine against the new Omicron coronavirus strain is expected to be about the same as against the Delta strain. This is significantly lower than against earlier variants of the virus.

The main event that rocked the markets again was the speech by the head of the Federal Reserve, Jerome Powell, before Congress. As expected, he said inflation is high, which gives reason to think about cutting stimulus measures several months earlier than previously thought. In his opinion, high inflation will persist until at least mid-2022. In general, his speech was regarded as harsh, which provoked a fall in stock indices, oil and gold prices.

Another alarming note was the first positive difference in the value of 6-month put and call options since May this year. The difference for shorter weekly, 1 and 3 month options turned positive a little earlier in November. This suggests that long-term investors have begun to actively insure their long spot positions for a longer period, predicting a possible more protracted correction in the market.

Powell's toughness was widely expected and therefore priced into the market. In addition, the uncertainty of the situation with Omicron leaves the door open for ambiguous outcomes and expectations until the next meeting of the Federal Committee on December 15.

Interestingly, Former PayPal co-founder Peter Thiel launched Bullish Bitcoin exchange for institutional clients. As reported by Forbes. Among the first clients to operate on the Bullish exchange are a non-U.S. affiliate of Virtu Financial, the electronic market-making firm based in New York, and the Hong Kong-based crypto finance firm Amber Group. Bullish was established earlier this year as a subsidiary of Block.one, a blockchain software company backed by a group of renowned investors including PayPal cofounder Peter Thiel, hedge fund managers Alan Howard and Louis Bacon, and Hong Kong tycoon Richard Li. Eventually, Bullish will offer automated market making, lending, and portfolio management tools to its users.

In conclusion and our personal opinion, biased view, subject to fail we expect another dump from the current resistance zone to $52K/48K again and if the price holds above and rebounds once more, this will contribute to increasing the bulls' confidence to $60,000. but if not and the bears broke the $45K level with a daily/weekly close below next support will be around $35/30K! So as long as BTC moves below $65K weekly we take the bearish side. We could be wrong or right, so be sure to do your own research.

Follow your risk management defined strategies. This is not traditional investment or financial advice. #Decryptedge

#SEC 'no basis' to approve Bitcoin futures ETFs and not spot ETFs - Grayscale tells SEC as
Putin Warns Cryptocurrencies Carry Risks, Admits They May Have Future.

Thoughts on the market 02.12.2021

Bitcoin spent the first 12 hrs of Wednesday around the $57,000 mark, and then made another attempt to gain a foothold above 59,000, which again proved to be unsuccessful, hitting a low of $55,839.

Market capitalization: $ 2597 billion.
Dominance Index: 41.2%
Fear / Greed Index: 32
The dollar index is now 96.05.

There was no particularly significant news on Wednesday, and bitcoin trading took place mainly under the influence of technical factors. After three unsuccessful breakouts in the last three days on the way to the development of growth, the level of 59000 has strengthened. It has now a greater value than $60,000 and breaking it will serve as a good signal for buying with an initial target of 60,000.

For today, the upward movement scenario remains the priority, with the goals indicated above. Today I expect to trade in the range of 56000-59000. Price is now concentrated at 57000-57200, where it will gain strength for further growth.

To some news, Grayscale admitted that the SEC violated the law in approving bitcoin futures ETFs. As reported by Cointelegraph, Grayscale Investments fired back at the SEC over its recent rejection of VanEck’s spot Bitcoin ETF application. The operator of the Grayscale Bitcoin Trust (GBTC) issued a letter to the secretary of the SEC, Vanessa Countryman, on Monday to argue the SEC is wrong to reject spot Bitcoin ETFs since it has now approved three Bitcoin futures ETFs, one each from VanEck, Valkyrie and ProShares. Grayscale argues that the SEC has “no basis for the position that investing in the derivatives market for an asset is acceptable for investors while investing in the asset itself is not.”

Lastly, Putin noted that cryptocurrencies carry great risks, but they may have a future. He made a comment regarding cryptocurrencies while speaking at the VTB Capital Investment Forum “Russia Calling!” 2021, the head of state noted that crypto assets still carry a lot of serious risks. Quoted by the news portal Life.ru, Putin elaborated: “As for cryptocurrency, it is prohibited in some countries. It is not backed by anything, the volatility is high, the risks are high. I also believe that we need to listen to those who talk about the high risks.” This comes at the backdrop of a report by Russian major local banks in July 2021, the Bank of Russia suggested that the total annual crypto transaction volume of the Russian population is 350 billion rubles, or $ 5 billion. Placing Russians among the world’s most active participants in the cryptocurrency market, according to the country’s central bank.

With that wishing you a great afternoon ahead. #NFA. #DYOR.

Facebook Retreats from Crypto Ad Ban. Thoughts on the market 3.12. 2021.

Before we dive into today's review, some thoughts from Howard Marks. For a piece of information to be desirable, it has to satisfy two criteria: It has to be important, and it has to be knowable... but just because something is not knowable, that doesn't mean it's not important. Short answers especially in investment business, tech and sophisticated one, are usually a mistake because concepts are so complex and not given too easy short answers especially #Crypto. Rather than say buy or sell, which most people want!

Every investor and everybody should have a view of what their normal risk posture should be. - Howard Marks.

As I expected, Bitcoin spent Thursday in a narrow range of $56,000-$57,400. The bears tried several times to absorb buy orders near the important support level of $56,000, but each time it didn’t have enough momentum and the quotes flew into the area concentration at $57,000-$57,200.

Market Crypto Capitalization: $2.60 Trillion.
BTC Dominance Index: 41.1%
Fear / Greed Index: 31
The dollar index: 96.17.

There was little news on Thursday and it was mixed. Some say one of the reasons for yesterday's drop in quotations on the crypto market was the discovery of the first case of the Omicron strain in the United States. In my opinion, this news is too insignificant and expected to change anything. After all, no one hoped that America would be able to stay away from the next round of the pandemic.

I think in the coming days we will get acquainted with the first assessments of the impact of the new strain on the global economy and on the prospects for cryptocurrencies. The more this influence turns out to be, the brighter the prospects will be.

Bitcoin continues to trade in a narrow range, while the volume of open interest on the exchanges remains very high. This suggests the possibility of a strong movement in the event of a breakout of the key level. Top level of $59,000, then $60,000 bottom level $53,500 and $52,700. While current quotes are within $56,000-$58,000, it is difficult to say which of the above levels will pass the test of strength first.

For today: trading in the range of $56,000-$58,000 is expected today. Despite the fact that the technical picture on large timeframes still looks bearish,(We already mentioned this yesterday).

Interestingly Meta (Facebook) now removes cryptocurrency advertising restrictions. Google back on 3rd June 2021 lifted the same ban on the platform that was affected in 2018. (https://t.me/decryptedge/556). As reported by CNBC, Facebook on Wednesday announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its services. The move comes after the company tried and failed to launch a cryptocurrency that was intended to send money easily across the world via the company’s services. The company’s new policy is huge for the crypto industry and will allow more retail investors to access cryptocurrencies than ever before.

With that wishing you a great day ahead and Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge

- What if Bitcoin Went to Zero?.
- #2 Main Scenarios for that happen.
& How Plausible is this?
- Crypto-Markets news and this week updates.
- Open Q & A session

Join Zoom Meeting
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Hackers Steal At Least $150 million in Assets from Crypto Platform BitMart as Bitcoin Ranges In the Bear Zone.

Thoughts on the market 06.12.2021.

This cryptos hacking business looks like it is getting more and more appealing. I am certain many wonder if they can learn. Remember it is illegal and once you are caught you will be prosecuted and jailed by the law. On the flip-side you can be a white hacker and take part in what we call #bounty hunters. Hack and espouse vulnerabilities on a project and get reward. Like the hacker who stole more than $600 million in crypto assets from DeFi platform Poly Networks, but later returned the entire haul, claiming they had only taken the assets “for fun” and had wanted to point out a security vulnerability. Now he is the Chief security officer.

Let's look at the markets, as I expected, and exceeded our 45k target mentioned on 1st December(https://t.me/decryptedge/877) a low of $42,000 was set on Saturday morning. Price then returned back to the range of 47000-48000, later it approached the level of 50,000, but could not overcome it, and spent almost the entire weekend in the range of $49,000-50,000. At the moment, quotes are around $49,000.

Market capitalization: $2.27 Trillion.
BTC Dominance Index: 40.7%
Fear / Greed Index: 16
The dollar Index: 96.30.

The market atmosphere remains negative. Friday's events demonstrated well that the idea of ​​an imminent tightening of monetary policy in the United States, which has settled in the minds of investors, can materialize in panic sales with a huge number of stops. The head of the IMF Kristalina Georgieva also added fuel to the fire. In her speech at the online forum Reuters Next, she urged Fed officials to raise interest rates and cut stimulus, which they already intend to do, judging by their recent statements.

In accordance with its mandate, the Fed is required to monitor two indicators: unemployment and inflation. The data on unemployment came out last Friday and the market regarded them as quite acceptable for reducing stimulus, and the latest data on inflation will be released on Friday. The forecast is high - 6.8%. If it is justified or exceeded, then another decrease will await us, since the next meeting of the Federal Committee will take place on Wednesday, December 15, and investors will begin to revise their portfolio, predicting the next harsh statements from the officials.

The likelihood of such a development of events is very high, unless Omicron Variant makes significant adjustments to these plans. For this, it is necessary that the degree of its influence on the economy be assessed as high. For now it seems the situation is not yet developing in this direction, and the panic caused by it is gradually subsiding.

Based on the foregoing, it is better to postpone the purchases until December 15, or wait for more suitable lower levels unless you are #shorting the market. Until Bitcoin gains a foothold above the level of 50,000, the priority will remain the negative scenario with the resumption of sell-offs back to 47,000 and even lower. In the case of 50,000 breakout, growth will be capped at 53,500. So for today I expect a trading in the range of 47500-50000 with a possible fall to 46500 and 45000.

#Crypto trading platform BitMart confirmed a “large-scale security breach” over the weekend, saying hackers stole about $150 million in assets. “The affected ETH hot wallet and BSC hot wallet carry a small percentage of assets on BitMart and all of our other wallets are secure and unharmed,” BitMart said in a statement Saturday night. BitMart added it was temporarily suspending withdrawals “until further notice.” However, third-party blockchain-security and data-analytics company PeckShield Inc. — which first called attention to the breach Saturday night — estimated losses at nearly $200 million, and detailed a list of outflows that included about $100 million in losses from various crypto assets on the Ethereum blockchain and $96 million in losses from assets using the #BinanceSmartChain. The stolen loot apparently included assets from nearly 50 tokens, including Binance Coin(#BNB), #Safemoon and #ShibaInu. Source: marketwatch.com. This is not going to be the last of such, (https://t.me/decryptedge/683) wallet security is one paramount fact in the digital world we are waking to every new day.

Wishing you a great week ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.

Binance Plans to Become Registered UK Firm Despite Regulatory Setbacks as Miami Jury Rules in Favor of Craig Wright, Who Claimed to Invent Bitcoin.
Thoughts on the crypto market 07. 12. 2021

For most of Monday, Bitcoin continued to trade in the 47500-49500 range. In the evening, bitcoin managed to overcome the $50,000 level to reach$51,450 level. At the moment, its price is $51,070.

Market capitalization: $2.379 Trillion.
BTC Dominance Index: 40.6%
Fear / Greed Index: 25
The dollar Index: 96.24.

Despite the recent declining correlation, crypto has followed the stock indices and continued to recover across virtually the entire spectrum of the market.

The breakout of the 50,000 level is quite a positive signal. It now needs to hold above this mark, and then overcome the 53000 level for the development of a positive scenario. A fall below 50,000 will make the picture bearish again. A break of 46,500 would pave the way to recent lows around 42,000.

For today, expect trading in the range 49000-53000. Today it is possible to test its upper border of 53000, a confident breakthrough of which is still unlikely.

#Binance plans to get registered in the UK despite regulatory hurdles by 2023. To become a registered crypto asset firm in the U.K., the platform must abide by money laundering and terrorist financing controls. To meet these requirements, Zhao indicated the company was considering setting up a specific company to run in the U.K. — similar to its Binance.US subsidiary. Zhao told The Telegraph on Saturday that Binance plans to apply for an FCA license, having hired a “number of ex-regulatory staff from the UK” and a “couple of hundred compliance people” since the FCA notice in June.

Lastly, Australian computer scientist Craig Wright prevailed in a Miami civil case that pitted him against the family of his late business partner and computer forensics expert, David Kleiman. We first shared this story here(https://t.me/decryptedge/828) At stake was half of both the 1.1 million bitcoin mined and held by Satoshi, a cache currently worth around $54 billion. Had Wright lost the case, he would have had to produce the Satoshi cache of coins in order to pay the estate. But Wright did say that he would prove his ownership were he to win at trial. He also promised to donate much of his bitcoin fortune to charity, were he to prove victorious.

Closing thoughts, this is still true: https://t.me/decryptedge/782
Not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.

#India’s New Twist: #Crypto Bill Proposes ‘Arrest Without Warrant’: & would be “non bailable,” as Japan Moves to Impose New Regulations on #Stablecoin Issuers.

Tougher measures for crypto, including time in jail for those who violate the law, Thomson Reuters reported on Tuesday, and published on CoinDesk: citing an unidentified source and the summary of the draft bill. The government is planning a “general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing” in #digitalcurrencies as a “medium of exchange, store of value and a unit of account,” This is the kind of #FUD that will rock price volatility in the short-medium term so take note.

Globally, almost the entire range of risky assets, including stock markets, crypto, oil, etc continued to grow steadily.

On Friday, the latest data on consumer inflation in America will be published, which means that today, at least tomorrow, the growth of risky assets will at least significantly slow down.

If the forecasted result of 6.8% is justified or exceeded across the entire spectrum of the market, a sell off will start again. Investors will begin to revise their portfolios in anticipation of the next harsh statements by Jerome Powell at the upcoming meeting of the Federal Committee on December 15. Ironically, the only factor that could significantly influence the tone of his softening rhetoric was Omicron. If the preliminary conclusions of the doctors about it turn out to be correct, the topic of the pandemic will quickly leave the agenda and the inevitable tightening of monetary policy will take its place.

More news, Japan Moves to Impose New Regulations on #stablecoins Issuers: In a report, the country is reportedly moving to introduce legislation in 2022 to limit the issuance of #stablecoins to banks and wire transfer companies. a report on #stablecoin that included recommendations to treat #stablecoin issuers like banks. Source CoinDesk

Lastly and on a good note #Blockchain project Spiral, a division of #JackDorsey's Block, will be improving Bitcoin's Lightning Network. #Bitcoin is already a store of value, and looks like a new emergence as a medium of exchange. Jack is truly committed to seeing #Bitcoin works, and as the Global Standard reserve currency! Watch the clip here titled: Spiral Presents: The Lightning Development Kit #LDK https://www.youtube.com/watch?v=oOT78Bgy1Qw

Market capitalization: $2.353 Trillion.
BTC Dominance Index: 40.5%
Fear / Greed Index: 28
The dollar Index: 96.16.

For today: Trading in the range of $50,000-53,000. A test of its lower boundary is possible today. The next support is 49000, followed by the key area 46500-47000. #cryptocurrency #india #law #currency #research

VISA Launches a #Crypto Consulting Service, #Congress Holds a Crypto Hearing Session, as Biden Administration Unveils Plan Aimed at "Prosecuting the Criminal Use of Cryptocurrency."

Thoughts on the market 09.12.2021.

Yesterday, the level of 50,000 was broken through to reach $47,800. The fall nonetheless was quickly redeemed. We are now seeing a slight gradual decline again now trading at $49,750.

Bitcoin's sharp rebound coincided with the opening of trading in the American stock market, but there is hardly a correlation here, since there was no comparable enthusiasm in the latter.
The US Congress held hearings directly related to the crypto. Six leaders from the crypto industry were invited, Coinbase and FTX exchanges, the developers of Stellar, the management of the Circle startup, and others. They, like the congressmen, had to speak on the issues of cryptocurrency exchanges, stablecoins, digital asset regulation and federal regulatory actions. The most optimistic investors could pin some hopes on the positive attitude of the congressmen and their lack of desire to drive the industry into a strict regulatory framework.

Judging by the absence of sharp movements in the market after the completion of the hearings, this event did not have any immediate significant results, and could not have. The results will be new legislative initiatives from the Congressmen, which we will learn about later.

The breakout of the 50,000 level in both directions during the day reduced its technical value. Now the important levels are 49000 and 52000. The key ones are 46500 and 53500, and a breakout will be a signal for a further fall to 42000 or an increase to 59000, respectively.

Crypto Market capitalization: $2.35 Trillion.
BTC Dominance Index: 39.8%
Fear / Greed Index: 29
The dollar index: 96.01.

For today, trading in the range of 49000-52000. With Friday approaching and the latest US inflation data, the downward trend will prevail.

Interestingly, Visa launched a cryptocurrency consulting service for institutional clients. The crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out crypto features and exploring non-fungible tokens to developing wallets for central bank digital currencies. Source: cointelegraph.

The Biden administration has unveiled a plan aimed at "prosecuting the criminal use of cryptocurrency." Moves similar to India, It includes utilizing the government’s newly established task force, the National Cryptocurrency Enforcement Team, to focus on “complex investigations and prosecutions of criminal misuses of cryptocurrency.” A 38-page report outlines the U.S. government’s strategy to fight corruption globally. DOJ will utilize a newly established task force, the National Cryptocurrency Enforcement Team, to focus specifically on complex investigations and prosecutions of criminal misuses of cryptocurrency. Source : news.bitcoin

Huobi will completely exit the Chinese market by the end of December. Several cryptocurrency exchanges are slated to exit the Chinese mainland market by the end of the year as China rolled out its most detailed regulations on banning cryptocurrency transactions and mining three months ago. Other exchanges include: Binance and KuCoin.

Binance has acquired 18% of the shares of Singapore-based regulated trading platform Hg Exchange. Binance Asia Services, the Singapore entity of Binance, announced on Wednesday that it is acquiring an 18% stake in Hg Exchange, a Singapore-based private securities exchange. It is not clear how much Binance Asia is investing in Hg to acquire the stake. A Binance spokesperson declined to comment to The Block when reached. The deal is subject to regulatory approvals, and an expected closing timeline is unknown. Hg Exchange (HGX) is a private securities exchange built on the Zilliqa blockchain, which facilitates trading in tokenized shares of private companies. HGX is also working on listing alternative digital assets, including wine, art, and real estate, said #Binance. Source theblockcrypto.com

It's a mixture of news and development as we come close to the year. We shall see more market action towards the end of this week as $1.1B in Bitcoin options expire on Friday.

Follow your risk management defined strategies. This is not traditional investment or financial advice. #Decryptedge

Thoughts on the market 11.12. 2021

Bitcoin went to a low of 47600 on Friday morning, and began a systematic recovery, after the publication of inflation data in the United States, instantly jumped by more than $1000 to 50250. Then the dynamics turned sharply south again, quickly flying down to $46,900. This correction was bought off and at the moment quotes are about 48,000.

Market capitalization: $ 2237 billion.
Dominance Index: 40.9%
Fear / Greed Index: 16
The dollar index: 96.04.

Biden brought some confusion to the markets. In an interview with reporters, he called inflation in November a record even before the publication of official data. Wall Street values began to move ahead of time, and investors began to adjust their portfolios in anticipation of high numbers. By the time the news was released,Bitcoin had significantly moved away from the lows and was trading at about $49,000.

Inflation in the US really turned out to be a record over the past 40 years, but at the same time, the figure completely coincided with the forecast of 6.8%. After an impulsive one-minute drop in the dollar across the entire spectrum of the market, the situation began to develop ambiguously. The dollar continued to fall in price against major currencies, gold, stock indices gradually got out into the green zone, and a wave of a sell off covered the crypto markets.

It could be assumed that the reason was the switching of market participants' attention to the upcoming meeting of the Federal Committee on Wednesday(we already mentioned this) and the very likely tough statements by officials on the prospects for monetary policy in the United States. The futures markets have long been expecting the Fed to start raising rates in June, with three 25 basis point hikes next year accounting for almost all of the price. In addition, the growth of stock indices does not fit into this picture.

The reason for the fall of Bitcoin price is rather technical. Failure to gain a foothold above key levels and a quarter depreciation in just a month scare investors away more than any statements by officials. Hedging inflation with an asset that quickly loses 25% of its value is a below average idea.

On the other hand, low levels attract long-term investors who are confident in the future of crypto. To maintain a neutral picture, it is necessary to prevent the loss of $46,500 and decline to the recent lows of about $42,000. The immediate task will be to gain a foothold above $49,000, and then above $50,000.

For today and the weekend, trading in the range of 47000-50000 with a possible breakout to 46500.

Interesting: Bill Gates stated that in three years time all working meetings will take place in the metaverse. A source. (https://blockworks.co/bill-gates-meetings-will-be-in-the-metaverse-within-three-years/) Lastly, Facebook has made the metaverse available to US and Canadian users. Source(https://www.cnbc.com/2021/12/09/facebook-opens-horizon-worlds-vr-metaverse-app-.html)

Binance is in talks to launch a crypto exchange in Indonesia. Source.(https://cointelegraph.com/news/binance-reportedly-in-talks-to-launch-crypto-exchange-in-indonesia)

The Florida governor has suggested that the state government allow businesses to pay government fees in cryptocurrencies. Source.(https://cointelegraph.com/news/florida-governor-s-budget-proposal-wants-to-let-residents-pay-fees-in-crypto)

Brazilian Parliament to Consider Zero Tax Bill for Green Miners. Source.(https://cointelegraph.com/news/mecca-of-mining-brazil-considers-zero-tax-on-green-bitcoin-mining)

Happy Jamhuri Day to my Kenyan Brothers and Sisters,. Follow your risk management defined strategies. This is not traditional investment or financial advice. #Decryptedge

Hackers Cashing Out on Crypto Vulnerabilities-Steals $77 Million, as Miami Mayor Opts for Part Payment Of Pension in Bitcoin. Thoughts on the market 13. 12. 2021

Throughout the weekend, Bitcoin has been smoothly recovering from 47,000 to 50,400. Volatility, as well as trading volumes, were relatively low. Which made it prone for erratic price movements.

The coming week will be rich in important news. US manufacturing inflation data is due on Tuesday. This is a less important indicator than the already published consumer inflation, since the Fed in its policy is repelled by the latter, but it serves as a good leading indicator, because the rise in prices in production over time translates into an increase in prices for finished goods. A rise in November to 9.1% on an annualized basis is forecasted, and a significant discrepancy with the actual value may have a significant impact on the market both in one direction and in the other direction.

A meeting of the Federal Committee will take place on Wednesday, accompanied by a statement and a press conference. As important as this event is, it is likely to have limited impact. As mentioned last week, tough statements, along with three hikes in the discount rate next year, have already been taken into account by the market. A surprise may be the soft statements of officials, which will be positive for cryptocurrencies, but the likelihood of this is small. The most significant, perhaps, will be the subsequent press conference. On it, the head of the FRS will be asked specific questions to which he, as expected, will give the most vague answers. Quite often, this leads to very loose interpretations and high volatility in the market.

The technical picture has not changed significantly yet. For a positive scenario to develop, bitcoin needs to gain a foothold above 50,000 and then break through the 52,000 and 53500 levels. A breakout of 46,500 will open the way to recent lows around 42,000 which is currently the picture now. Been a busy weekend for me, so I have tried to squeeze in this update.

Market capitalization: 2256 billion.
Dominance Index: 41.2%
Fear / Greed Index: 28
The dollar index: 96.17.

To some news, Hackers withdrew more than $ 77 million from hot wallets of the AscendEX bitcoin exchange. Source. (https://news.coincu.com/44440-hackers-stole-a-number-of-tokens-from-the-ascendex-exchange-hot-wallet-the-loss-was-estimated-at-77-7 -million)

The Governor of Miami will receive a portion of his pension in bitcoins. Source.
(https://cointelegraph.com/news/reelected-miami-mayor-to-take-401k-retirement-savings-partly-in-bitcoin)

With that, wishing you a great day ahead, I will try my best to post an update in time tomorrow. My apologies for the delay. Follow your risk management defined strategies. This is not traditional investment or financial advice. #Decryptedge

Lots of Expectation and Fundamental News/Events This Week.

Thoughts on the market 14.12.2021

With the approach of important fundamental events, which are perceived by market participants as negative, and from which few expect pleasant surprises, there are fewer people willing to buy right now. Most people prefer to wait them out and buy later at lower prices, which pushes the market down at such times.

According to IntoTheBlock data, the outflow of funds from exchanges has increased significantly. Over the past week, tokens worth $ 3 billion were withdrawn. As a rule, the outflow of funds from exchanges portends growth, while large inflows are made with the aim of selling. This suggests that the key support level 42000 will not be breached in the coming days. If this ideal situation is maintained and respected.

Today, data on manufacturing inflation in the US will be published and figures of 9.1% and above may put additional pressure on the market.

Bitcoin resumed its decline, temporarily overcoming the lower border of the medium-term trading range of $46500 and set a minimum at 45750. This correction was quickly redeemed and at the moment quotes are around 47000.

Market capitalization: $ 2128 billion.
Dominance Index: 41.6%
Fear / Greed Index: 21
The dollar index: 96.42.
For today: It is possible to retest the minimum of 457500 with a spillage to 45000 and below. Growth will be capped at 50,000.

Interesting to some news: Switzerland's largest online bank is preparing to launch its own crypto exchange. Source. (https://www.fxstreet.com/cryptocurrencies/news/switzerlands-largest-online-bank-ready-to-launch-crypto-exchange-202112131515)

The Central Bank of the Russian Federation opposed the investment of mutual funds in cryptocurrencies. Source. (https://www.fxstreet.com/cryptocurrencies/news/bank-of-russia-to-ban-mutual-funds-from-investing-in-bitcoin-202112131430)

Binance has withdrawn its Singapore license application. Source.
(https://cointelegraph.com/news/binance-singapore-withdraws-crypto-license-application)

Only 10% of the total Bitcoin supply remains to be mined. Source.

(https://www.financialexpress.com/market/bitcoin-mining-only-10-left-of-total-21-million-btc-that-will-ever-exist-to-be-mined/2387758/)

The #UAE National Wealth Fund is ready to invest in cryptocurrency. Source.
(https://stockhead.com.au/cryptocurrency/one-of-the-uaes-biggest-sovereign-wealth-funds-aims-to-invest-in-crypto-ecosystem/)

I am on transit so will post this now..different time zones! Follow your risk management defined strategies. This is not traditional investment or financial advice. #Decryptedge

FED, ECB Meetings on Monetary Matters, Tesla To Accept #DogeCoin & Tether(USDT) now Sued. Thoughts on the market 15.12. 2021

Yesterday, bitcoin managed to move away from the recent low of 45,750, price quotes now are around 48200.

The US producer price index came out yesterday at 9.6%, beating the most daring forecasts of 9.2%. Such an unprecedented rate of inflation would cause the growth of cryptocurrencies, today there was the Federal Committee meeting and these high numbers indicate that there is no need to expect positive surprises. The distribution of cheap money, partly serving as a source of investment in crypto in America, is coming to an end, and an imminent increase in the discount rate will increase the profitability of less risky traditional instruments. Over time, these measures will reduce inflation and strengthen the dollar. This is already evident as they mentioned a cut back on their stimulus more quickly at a moment of rapid inflation and strong economic growth, capping a challenging year with a pronounced policy pivot that could usher in higher interest rates in 2022. More on this tomorrow.

The negative premium on bitcoin futures on CME became an alarming signal. One month contracts are quoted at a 14% discount to the spot price, the lowest level since the middle of last year. It turns out that institutional investors do not yet show demand for cryptocurrency and do not believe in its early recovery.

Is it all that bad? The market cannot keep the money invested to hedge against inflation, it is not the US monetary policy that is to blame for this, but the notorious volatility. An asset that loses 30% of its value in a month is risky by definition, and everything that introduces additional risks cannot serve as a hedge. Rather, maybe when it grows by tens of percent per month. During such periods, thoughts about risks fade into the background, and when it starts to fall, they come to the fore. A 30% drop is quite enough to safely assume that that kind of money has already left the market.

It is predicted that following the meeting, the bond redemption will be reduced by $ 30 billion. in January and another $ 30 billion. in February. Three 25 basis point increases in the discount rate are also expected during 2022, the first of which will occur no later than June. These forecasts are already included in the price and with such high expectations it will be very difficult for officials to surprise market participants with something. In addition, the ECB meeting will take place on Thursday, whose monetary policy is still far from tightening and the flow of cheap money from Europe may well be expanded. Based on this and following the rule of "buy the rumors, sell the news", tomorrow night more important talk points.

For today: Increased volatility is expected today with possible testing of lower levels. The fall should end in the range of 42000-45000, where there is currently a significant amount of buying interest, after which a reversal into growth will take place. The first targets are 51000 and 53500. The loss of 42000 will trigger an alternative scenario with an accelerated fall due to the triggering of stops and tests of the 39500-40000 area. It is advisable to buy in the event of a recovery that has begun, making sure that the 42000 level has resisted.

Market capitalization: $ 2196 billion.
Dominance Index: 41.6%
Fear / Greed Index: 28
The dollar index: 96.48.

Interestingly, Tesla will sell goods for Dogecoin cryptocurrency. Source.
(https://cointelegraph.com/news/dogecoin-gains-25-after-elon-musk-confirms-tesla-will-accept-doge-for-merchandise)
German banks plan to enable 50 million customers to use Bitcoin. Source.
(https://cointelegraph.com/news/german-savings-banks-want-to-enable-bitcoin-for-50m-clients-report)
Tether Sued Over USDT Stablecoin. Source. (https://cryptopotato.com/tether-lashes-out-against-another-lawsuit-calls-it-nonsense-and-copycat/)