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Follow Dat Money | Crypto Projections
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It's Fridaaayyyy Folks! Bitcoin appears to be going sideways now and I can see it pulling back this weekend or next week and with jobs data coming out today there might be some movement in price so buckle up.
Trending News Topics:
- Binance back to South Korea
- Core Scientific hand over rigs
- Australia plans Crypto regulation
Why did Bitcoin price go down today? Bitcoin falls after 517K jobs added in January, beating expectations; possibly causing inflation to heat up.(2) BTC traders brace for $23K retest. However, Bitcoin market sentiment is most bullish in 14 months with U.S. jobs report due. As a result, strong US nonfarm payrolls report causes volatility in Cryptos, stocks, and treasury markets. $20K Bitcoin may return, says analyst as US unemployment hits 54-year low. Is golden cross on S&P 500 early signal of Bitcoin bull market? Bitcoin long-term holders now hold 78% of supply, highest level ever.(2) Bitcoin NFT mints are rising—but so are transaction fees.
MicroStrategy stock rockets by 100% in 2023 as firm buys 8,800 $BTC amid 2022 crash. Ray Dalio says Bitcoin is not the answer; the community responds.(2) Sri Lanka rejects billionaire Tim Draper’s Bitcoin pitch to tackle corruption.(3) 'Crypto summer' likely to start in Q2 2023 according to Morgan Creek Capital CEO Mark Yusko. Charlie Munger hasn't taken the time to study Bitcoin says MicroStrategy's Michael Saylor. 4,000 Americans predict Bitcoin’s price in the next 6 months.
Core Scientific to hand over 27K mining rigs to pay $38M debt.(3) Stronghold Digital Mining files share sale prospectus as it seeks to preserve cash.
On-Chain Analysis: Biggest Crypto predictions for February 2023. Ethereum bearish signal as profit-taking hits highest level since Feb 2021. Legal Expert Suggests $XRP Price Could Surge if Ripple v. SEC Case Has ‘Positive Outcome.’ Cardano reaches 5,000 smart contracts on its network. Cardano's ($ADA) growth is completely different following release of DJED; reached first milestone.(2) Cardano DJED depegging reignites Stablecoin backing debate.
Machine learning algorithm sets Dogecoin price for February 28, 2023: $0.095. 184 Million $DOGE out of Binance, Dogecoin price acts positively. Dogecoin to release latest version of utility-enhancing tool ‘soon’, according to $DOGE developer. Machine learning algorithm sets Solana price for February 28, 2023: $24.56.
Binance returns to South Korea to ‘Rebuild’ the local Crypto industry by buying a major stake in GoPax.(4) Binance tells Indian Crypto exchange WazirX to withdraw customer assets held in its wallets.(3) Crypto Exchange Woes Continue: Kraken Reportedly Shutters Regional Headquarters As Bittrex Lays Off 83 Employees.
The White House is concerned about Crypto. A CFTC commissioner’s enthusiasm for crypto draws attention and CFTC Chief Behnam promises more ‘precedent setting’ Crypto enforcement cases.(3) US Senate Banking Committee to hold ‘Crypto Crash’ hearing this month.(2)
Australia reveals its plans for crypto regulation.(3) Silvergate Under DOJ Investigation for Alleged Money Laundering Through FTX.(2) Bankman-Fried family subpoenas opposed by US Government in FTX filing. FTX Warns Its Customers About Scammers Offering Return Of Their Lost Funds. Sam Bankman-Fried's holding company files for bankruptcy. Decentralized exchange Orion Protocol hacked for $3 million. Logan Paul sued over involvement in Crypto scam CryptoZoo.(2) Craig Wright's UK case against 16 Bitcoin developers to go to full trial.(2)
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.
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- Bitcoin vs CBDCs - Presenting in front of the IMF with Natalie Smolenski and Sam Callahan - February 2nd, 2023 | Bitcoin Cafe
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