This week as Bitcoin (BTC) slowed down a tiny bit from its recent all time high, partially (Or completely); driven by Elon Musk's 1.5 billion dollar Bitcoin Tesla Investment announcement. Altcoin took off!
When the richest man in the world makes a move, it is expected that everyone is watching his move and will follow suit. And that is what happened! With Elon, for a moment in time Bitcoin went mainstream. After that, many new comers shifted their attention into altcoins.
Consequently, many high and low market cap cryptocurrencies are on the move. Now many experienced traders and investors have been wondering how far this bull run will last.
As mentioned, being attentive to the news can be quite rewarding if you know when to make the moves. But hey, it is important to be really fast at this stage, simple because you do not want to miss the train, or catch it coming backwards. Trends change and it is important to be aware of those catalysts. there is always a tipping point.
So here is my pick for this week. Important headlines that I think in the course of time could affect or change the direction of the market as the news or topic evolve. Most often topics are connected and truly the more you know the more power you have to connect the dots and follow your instincts. Over time I am feeling the effects of this work in such meaningful and profitable way and I hope this habit can help YOU MAKE your own investment decisions, rather than follow someone's lead. The more I trust what I know the more confident I get. I can now quantify my growth. Finally!
Find below the slide a link to each recommended article. In my opinion, all of them worth the read.
Sunday, Feb 7th, 2021: Blasts Bitcoin to $44.8K While Ether Moons -https://www.coindesk.com/market-wrap-elon-effect-bitcoin-up-ether-moons
Monday, Feb 8th 2021: Market Wrap: The ‘Elon Effect’ Blasts Bitcoin to $44.8K While Ether Moons - https://www.coindesk.com/market-wrap-elon-effect-bitcoin-up-ether-moons
Tuesday, Feb 9th 2021: Press and internet freedom advocates join crypto users in support of Wikileaks' Assange - https://cointelegraph.com/news/press-and-internet-freedom-advocates-join-crypto-users-in-support-of-wikileaks-assange
Wednesday, Feb 10th 2021: Uber CEO says the company will accept bitcoin if there's a need for it - https://www.theblockcrypto.com/linked/94592/uber-ceo-bitcoin-btc-comments
Thursday, Feb 11th, 2021: Bitcoin payments startup BitPay adds Apple Pay support for its prepaid Mastercard - https://www.theblockcrypto.com/linked/94766/bitcoin-payments-bitpay-apple-pay
Friday, Feb 12th, 2021: Deutsche Bank Readying Crypto Custody and Trading Platform - https://decrypt.co/57645/deutsche-bank-readying-crypto-custody-and-trading-platform
Saturday, Feb 13th, 2021: Enjoy your Saturday!
All my best
Social Media links: https://cointr.ee/mammycrypto