"Success is getting what you want. Happiness is wanting what you get."
–Dale Carnegie
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Happy Saturday Folks! Last week we saw Bitcoin lose $131.99 and this week it lost a little more; the best performing asset in the past 7 days was $XRP - up 10.82% and is in position #6 on Coinmarketcap.com. Last week the Fear and Greed Index was at 48 and today it's 53; will June turn into a very green month for Bitcoin? Fingers are crossed!
Most covered news this week was all about Binance and it delisting assets as well as laying off workers. The Podcast of the Week would have to go to The Bitcoin Matrix with Luke Broyles on Monday. Thanks for reading, watching, and listening with me each and every week!
Monday the price of Bitcoin closed at $27,745.88 and the fear and greed index was 52. The most covered news of the day was Bali Governor believes that Crypto "payments" are illegal at resorts; Crypto itself is legal and tourist are unhappy(4)
Podcast of the Day: The Revolutionary Impact of Bitcoin: A Conversation with Luke Broyles about the World's First Perfect Money | The Bitcoin Matrix
Tuesday the price of Bitcoin closed at $27,702.35 and the fear and greed index was 51. The most covered news of the day was Tether doubles down on Bitcoin by indicating that it would begin mining operations in Uruguay.(5)
Podcast of the Day: SLP482 Burak - Ark: A new L2 protocol for Bitcoin | SLP
By Wednesday (Humpday) the price of Bitcoin closed at $27,219.66 and the fear and greed index was 51. The most covered news of the day was Binance is to delist privacy tokens in France, Italy, Spain, Poland and now Binance is laying off workers; reevaluating.(6)
Podcast of the Day: BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $26,819.97 and the fear and greed index was 52. The most covered news of the day was XRP daily address activity spikes and 1 Billion XRP tokens unlocked from escrow. (3)
Podcast of the Day: #423: Retirement Funds In The Age Of Bitcoin with Matt Dines | TFTC
As the week came to a close on Friday the price of Bitcoin closed at $27,249.59 and the fear and greed index right about 50. The most covered news of the day was USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network.(4)
Podcast of the Day: #424: Q1 2023 Monetary Base Update with Matthew Mežinskis | TFTC
Bottom line: As I type Bitcoin is trading at $27,177.91 and for the week (M-F) Bitcoin lost $496.29; Week over week it's up $439.03 - basically no movement once again. We continue to trade in a very tight range.
My belief continues to be that no matter what happens I will be okay. Which means, have enough at play to move the needle if the market pops, have some dry powder if it drops, and remain calm and move on if it goes sideways. Keep buying the dip, be smart, stay safe, stack sats, and HODL as "Matty Sats" would say!
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.
WEEKEND NEWS
Is the worst not over for Bitcoin? If you listen to Mike McGlone he doesn't think so. However, if you listen to Arthur Hayes, he outlines a bullish path for Bitcoin amid the current market conditions. Who will be right? Stay tuned!
Mercado Bitcoin, Brazil's largest Crypto exchange, receives license as a payment institution. Appears net Bitcoin ATMs record an increase after 4 months of global downtrend.
$2.6 billion inflows XRP in a week as investors favor Ripple in SEC battle.
The embattled crypto lender Celsius has deposited $745 million of ETH to staking contracts in the last two days, significantly stressing the already-long waiting time to deploy new validators to the Ethereum network.
