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Welcome to Thursday Folks! Yes, I will hold the Bitcoin bears accountable for saying that we were heading to $10K, $8K, heck some were saying $5K. Meanwhile, Bitcoin continues to rocket higher and higher. Will there be a pull back? prolly so but in the meantime, things continue to look great; traders listen to Eric Krown.
Trending News Topics:
- Price of Bitcoin
- Alameda receiving funds from Bitfinex and others
- Banning Bitcoin
Bitcoin rallied as Fed confirmed rate hike pause unlikely as Bitcoin, S&P 500 close in on bullish 'Golden Cross' signal. Bitcoin broke above $24,000 for the first time in 2023 and Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation.'(6) Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry. Bitcoin bulls must reclaim $25,345 and $24,837 (50-wma/200-wma) as ‘death cross’ still looms. However, Bitcoin price can soar above $25,000 due to debt ceiling debacle. Bitcoin exhibits ‘macro bullish setup’ on monthly chart; Here’s what it means. But... Is Bitcoin’s recent rally artificially due to market manipulation, industry expert says no.
MicroStrategy books impairment charge of $197.6M on Bitcoin holdings in Q4.(3) On-chain Analyst Willy Woo says institutional investors are quietly allocating to Bitcoin, sparking $BTC rallies.(2) 'Big Short' hero Michael Burry deletes his Twitter account after posting cryptic market prediction: "Sell." Bitcoin will not be an effective money, Says Ray Dalio. Crypto 'Fear and Greed' index successfully predicts 3 market reversals. Bitcoin short-term holder profit taking reaches levels not seen since Nov. 2021.
Are Nigerians really buying Bitcoin for as high as $34,000?(2)
Cipher Mining doubles hash rate capacity in January. Luxor mines largest Bitcoin block ever, contains Taproot Wizard NFT. Bear market setbacks have left Bitcoin miners behind their gold counterparts. CleanSpark doubles bitcoin production in January to 697. Bitcoin mining could help scale solar power, report reveals.(2) New York Bitcoin Miner TeraWulf restructures debt by raising $32M in equity offering.(2)
Ethereum ($ETH) up 5%, three key factors driving growth. Ethereum successfully breaks out of symmetrical triangle; $3,500 in the cards? Ether supply reaches all-time low after The Merge. Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump $ETH.(2) ZK developer Nil Foundation says new technology makes it easier to build on Ethereum. Cross-chain margin platform Prime Protocol is launching on Arbitrum.
Tether CTO Paolo Ardoino on taking the bull by the horn. 86% of Stablecoin issuer Tether was controlled by 4 people as of 2018: WSJ.(2) $BNB price is surging as the gates to $400 are now open. Pro-Ripple Lawyer Highlights Striking Evidence in Favor of $XRP in SEC Lawsuit. Ripple’s on-demand liquidity soars to record highs as $XRP Army eager to receive verdict on SEC lawsuit. A Quick Introduction to the $XRP Ledger Learning Portal.
Crypto community expects Cardano ($ADA) price surge by end of February: $0.45. Dogecoin ($DOGE) price reclaims key level and fixes $0.10 in sights. Twitter shuts down ‘Doge tipping bot’, prompting appeals to Elon Musk, backlash from Dogecoin community. Solana ($SOL) important index shows Altcoin is one of most undervalued as $SOL surged 12% with team touting decentralized future for Solana.
Crypto Sharks Have Accumulated Over $108,000,000 in Litecoin in six months As $LTC inches toward $100: Santiment. Crypto Investors can purchase bankruptcy 'put options' to protect funds on Binance, Coinbase, Kraken. Binance Introduces User Feedback Feature to Improve Exchange. Korea’s FSC orders exchanges to delist and classify Crypto with securities properties.
Better exchange due diligence could help define Crypto’s 2023. “Vetted” status: Binance.US, bitbank, Bitfinex, bitFlyer, Bitso, Bitstamp, Bittrex, BTC Markets, CEX.IO, Coinbase, Coincheck, CrossTower, Gemini, itBit, Kraken, LMAX, Okcoin, and Zaif. Crypto exchange Kraken closes Abu Dhabi office.
U.S. Senator Tim Scott to release priorities for developing Crypto regulatory framework.(2) Will Coinbase relist $XRP now that there Is regulatory clarity? When Regulating Crypto, please target the bad actors, not the asset. Berkshire Hathaway's Charlie Munger calls for Crypto ban in the US.(3) However, Bank of China ex-advisor calls Beijing to reconsider crypto ban. London ranked top global Crypto hub day after treasury publishes plans on regulations.(2)
Voyager victim calls for trustee to seize control of the estate.(2)
State officials support push for independent examiner in FTX bankruptcy. Sam Bankman-Fried's favorite lobby group is on life support. FTX bid deadlines for Japan, Europe businesses revealed. FTX's Alameda address received $6 Million in Crypto from Bitfinex.(4)
Top crypto ransomware attacks extorted $69 million in bitcoin: Immunefi.(2) BonqDAO protocol suffers $120M loss after oracle hack.(3) Former Chairman Kang Jong-hyun of South Korean Crypto exchange Bithumb arrested.(3) Investors scammed by token sale on Arbitrum despite warning of potential rug pull. Bitzlato CEO arrested by Spanish police.
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations. Thanks again for reading, watching, and listening with me.
WATCH
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Podcast of the Day: "It's 2021 All Over Again" | Jim Bianco | On The Margin
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- A Primer on the Debate Around Ordinal Inscriptions, aka Bitcoin NFTs | The Breakdown
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- We’re Still Here: Crypto’s Sticky Capital with Alex Kriete of Motus Capital Management | Charlie Shrem Show
- SLP455 Anant Tapadia - Single Sig or Multi Sig? | Stephan Livera
- Is China Poised to Relax Its Crypto Ban? | Bloomberg Crypto
