Traders expect that if not in February, then in March there will definitely be a breakthrough of the global downtrend with the exit to the bull market 🤑
The IMF intends to regulate rather than ban cryptocurrencies. The IMF's understanding of regulation is to put central banks' digital currencies first, and fully collateralized Stablecoins also look good 🤦♂️
$23,300 is the main support level for BTC at 1D and 4H, which keeps the chance of a quick return to $25k 🤔
🔹 Top 3 in 24 hours:
Stacks - $0.9383 (↑24.45%)
Neo - $13.20 (↑6.68%)
Synthetix - $2.62 (↑4.87%)
The son surpassed the father 💪
Yesterday Arbitrum overtook Ethereum in the number of daily transactions. Arbitrum, like Optimism, is a second-tier blockchain based on Ethereum.
Many have been waiting almost a year for the release of ARBI token and airdrop, so they are as active as they can
Feed the bears 🐻
Not all bitcoin network metrics point to a bull market return:
▪️ The number of active addresses on the network is unchanged while the price is up 50%, which is atypical.
▪️ BTC network remittance volumes are at their lowest level, which is typical of a bear market before the final decline.
There has been a lot of FUD around Binance lately, but that doesn't stop it from concentrating 98% of its total spot trading volume (Coinalyze)
Читать полностью…Bitcoin almost reached $25k because:
▪️ Everyone believed a bullish reversal on the S&P 500 and BTC is following.
▪️ A bill has been introduced in the U.S. Congress that would allow investments in the first cryptocurrency for retirement plans.
▪️ Keanu Reeves supported cryptocurrencies 😎
Binance is negotiating with regulators to pay all fines up front. Otherwise, of course, the exchange didn't violate anything and they're doing fine 😇
The SEC continues to rage and has now decided to take on custodial cryptocurrencies. Another blow to exchanges below the belt 😳
🔹 Top 3 in 24 hours:
Optimism - $2.82 (↑18.25%)
MAGIC - $1.95 (↑17.57%)
OKB - $48.04 (↑15.30%)
Breaking: U.S. CPI Data Shows Inflation At 6.4%; Time For Bitcoin Price To Shine?
https://bit.ly/3xljNjz
SAND gets pumped up before rifts 📈
Yesterday Sandbox announced a collaboration with Saudi Arabia to launch a meta-universe. The Saudis have a lot of money, and that's what counts.
Sandbox also partnered with ZeptoLab, the developer of Cut the Rope. And finally launched Simple Earn products on Binance, where you can steak SAND and make money.
There's also an activity going on right now where 200 quests in Sandbox give guaranteed prizes from a prize pool of 1 million SAND.
Bitcoin formed a golden cross on the daily chart, historically this is a very bullish signal 🤑
Since February 8, Binance is stopping withdrawals in USD until it resolves its issues with its partner bank. This does not apply to Binance US customers, other withdrawal options work as usual. The crypto market couldn't care less about Binance, so the problem is apparently really purely technical 🤔
Cryptocurrency exchange Gemini and bankrupt Genesis have come to an agreement on refunds. It is known that DGC is selling shares of Grayscale to raise funds, and Genesis' creditors can get a refund of 80% of the funds. Against the backdrop of 3AC and FTX, this is hardly a scam 😇
🔹 Top 3 in 24 hours:
Frax Share - $13.23 (↑31.88%)
The Graph - $0.1677 (↑30.73%)
SingularityNET - $0.549 (↑29.67%)
First IFO PancakeSwap on Aptos - $MOVE 🔥
BlueMove is an NFT platform on the Aptos blockchain. Investors include Altonomy, Galxe, Cogitent Ventures, and PolkaBridge. The funds are little known, but the hype around Aptos will help make X's.
📜 Details:
> Price: $0.04 per CAKE.
> Unlocks: 40% of tokens will be issued immediately, the other 60% linearly over 90 days.
> Issue: 300 million MOVE. There is a 3.33% allocation to the IFO.
To participate, you will need to hold a CAKE on the Aptos blockchain. Then, you will have to deposit the CAKE into the pool. The more you sock in, the more allocation you get. But given the demand, for $200 in CAKE, the allocation will be $1.Read more.
In the beginning, there will only be 1.83% of the supply on the market with a capitalization of $220k. Even for alts on Aptos, that's pennies. I expect 5-10x.
It's worth participating, but consider the risks. After the sale, the price of CAKEs will drop. And you need a lot of CAKE to participate.
✅ djed.xyz Algorithmic Stablecoin DJED on Cardano blockchain launched
Guess who reacted with growth? USTC - good old UST 😄
Betting on how long the new stabelcoin will live
U.S. citizens' savings are at a record low 👆
It's time for Americans to start austerity mode, which will reduce demand and accelerate the decline in inflation.
And then the Fed will soften up...
Check out the cool comparisons of the current cryptocurrency bear market (in red) to the post-Bullrun events of 2017 (in blue) and 2013 (in black).
According to Arcane Researh analysts, this coin collapse is quite comparable to previous bearish trends. Specifically, Bitcoin has now peaked at a 78 percent decline, and this occurred on day 376 after BTC reached a record rate.
By comparison, it took 364 days for Bitcoin to bottom out at -84 percent of its previous high after reaching a record high in December 2017.
The current bear market has lasted 439 days, with Bitcoin 67 percent behind the last record.
The bull market is on schedule 📈
During the fall of the crypto market in 2018 and 2013, BTC declined to its bottom for an average of 400 days. Then a gradual rise and a bull market closer to bitcoin's halving began.
However, history does not guarantee it will happen again this time. Especially the macro indicators have changed significantly.
Bitcoin is still heavily overbought on 1D (87 on RSI), and on 4H we see divergence with a hint of downside reversal and volatility compression. The chart favors the correction of the recent growth, and the release of the US PPI data this afternoon may give a good reason for that 🤔
Digital Currency Group cancels dividend until better times, company cuts costs because of Genesis unit debts. Maybe they'll even get paid, someday.... 🙃
FTX has $685 million worth of Solana coins in recovered and liquid assets. The intrigue is whether liquidators will pay back the exchange's debts in cryptocurrency or in dollars by having a sale 🤷♂️
🔹 Top 3 in 24 hours:
Shiba Inu - $0.00001211 (↑15.23%)
Casper - $0.03913 (↑12.41%)
Internet Computer - $5.47 (↑7.40%)
Breaking: Binance Announces Registration In Poland With Full Compliance
https://bit.ly/3iQ9EYv
The IMF opposes the recognition of bitcoin as a legal tender 😡
In their understanding, it could carry risks for the current monetary policy.
The IMF has begun to suspect something... 😇
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Breaking: BlackRock Issues Metaverse Thematic ETF.
https://coingape.com/crypto-news-blackrock-issues-metaverse-thematic-etf/?utm_source=mike+&utm_medium=telegram
🔹 Main Events:
🤷♂️ All three U.S. inflation indices fell much worse than forecast. The signal is bearish, but the market is greedy for buying.
🐲 Beijing will support the creation of its own ChatGPT counterparts. AI made in China.
📦 Tesla fires employees who want to unionize. Musk doesn't like anyone else influencing the business.
🔹 Summary:
To put the brakes on the buyers, the Fed had to explicitly announce the possibility of a 50bp rate hike. But it didn't last long...
🔹 Quotes:
📉 S&P 500 - 4,079 (↓0.42%)
🌕 gold - $1,841 (↓1.22%)
⚫️ Oil Brent - $83.00 (↓4.24%)
💵 USD INDEX - $103.88 (↑0.33%)
Elon Musk introduced the new CEO of Twitter, there was even a small DOGE bump 🐶
BUSD's capitalization decline has already reached $1 billion. Even Justin withdrew $300 million of BUSD from Binance and sent it to the Paxos wallet for burning 💰
BUSD is rumored to have been shut down not because of Paxos' poor performance, but because of Binance's own issuance of a wrapped stackablecoin in BNBChain. Meanwhile, the issuer of USDC said that the SEC did not send them any notices about the company inspection 😁
The markets decided to react positively to the bad inflation data yesterday, with the S&P 500 trading at zero and BTC even back up to $22k. Let's see if the optimists have enough strength for another day 🤔
🔹 Top 3 in 24 hours:
ImmutableX - $1.13 (↑19.09%)
Render Token - $1.73 (↑14.97%)
The Graph - $0.1745 (↑14.12%)
Regulators have come after Binance, well almost. The SEC gave BUSD staplecoin issuer Paxos 30 days to respond to a securities law violation or the courts. And the New York Finance Department, which issued Paxos a license, has banned the issuance of BUSD 😱
Coinbase is ready to sue the SEC about steaking. Admittedly, they bent to the regulator earlier and didn't introduce hoarding accounts in USDC. Let's see how much courage they have now. And Nexo Crytolanding decided not to show off and close Earn-accounts for Americans 😳
Judging by the prices we can say that the market believes in Paxos, BUSD and even a little bit in Coinbase. The main thing is to keep it that way 🤔
🔹 Top 3 in 24 hours:
Zilliqa - $0.03029 (↑6.61%)
Render Token - $1.54 (↑5.76%)
Stacks - $0.2952 (↑3.67%)
Breaking: Binance Signals Delay In Full Audit, Crypto Market FUD To Recur?
https://bit.ly/3Ygojvp
Breaking: Binance-WazirX Deal Over? Binance Terminates This Service
https://bit.ly/3Rx5NfG
Breaking: India Bullish On Crypto Regulation With Latest Economic Survey?
https://bit.ly/3RhqIUb
Another indicator from PlanB turned green. Yesterday's poll also showed a shift in sentiment in favor of the bulls 🤑
A 1.1% rise in the S&P 500 helped keep bitcoin from falling below $22,500, but it was not enough for more. Demand for BTC is still weak, but altcoins continue to shoot up in hopes of a bull market 🙄
Amazon may start trading NFT starting in April, and will also offer blockchain games on the PlayToEarn system. Very positive news, but I wish they would just buy BTC 😇
🔹 Top 3 in 24 hours:
Theta Fuel - $0.06953 (↑43.60%)
Polygon - $1.09 (↑9.03%)
Theta Network - $1.14 (↑7.58%)
Just-In: Grayscale Lawsuit Against SEC Preponed After Genesis Bankruptcy
https://bit.ly/3ks2cDh
#finneweek
🔹 Main Events:
🗽 The U.S. national debt has reached the $31.4 trillion limit. Congress may raise it, but political battles await us before then. Politicians have until the summer.
😇 Elon Musk may have violated insider trading laws during the last Tesla stock sale. He lost the most money in the world last year, and 2023 didn't start off well either.
📦 Microsoft will fire 11,000 people and Google will fire 12,000. Such is the game of who's bigger... But investors are expecting a soft landing of the economy without a recession.
🔹 Summary:
U.S. inflation speaks for growth, the Fed is scaring up rate hikes again, and the government debt story could go sideways. Also, the S&P 500 never broke the global downtrend, so markets remain in a phase of total uncertainty.
🔹 Quotes:
📉 S&P 500 - 3,972 (↓0.65%)
🌕 gold - $1,925 (↑0.27%)
⚫️ Oil Brent - $87.70 (↑2.79%)
💵 USD INDEX - $101.99 (↓0.19%)
A bullish reversal on the S&P 500, that's the discussion that started on Twitter from trader Peter Brandt 🤑
Three days ago he posted a chart with BTC rising to $30k this summer.
Trader Peter Brandt showed his forecast for BTC, according to which the rate will exceed $30k before the summer, and there will be a new high of $175k in 2025. All that's left to do is change the avatar to laser eyes 🤑
From the bottom, the FTT token of the infamous FTX has been adding 240% in the moment. It's unclear what these buyers are counting on, but Curly Sam approves, he needs money for lawyers 🤷♂️
Cardano developers have decided they need their own algorithmic stablcoin. The token will be called Djed and could launch as early as this month. And then there are two ways, either kill the underlying asset like Do Kwon, or just rename the stablecoin like Waves 🙄
🔹 Top 3 in 24 hours:
Frax Share - $8.81 (↑30.59%)
Convex Finance - $4.85 (↑24.83%)
Decentraland - $0.683 (↑21.38%)