05 Dec: Quiet is Good

05 Dec: Quiet is Good

By theinspired | Inspiration | 5 Dec 2022


"Whenever you do a thing, act as if all the world were watching."
 –Thomas Jefferson

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FOLLOW DAT MONEY! $33M

$BTC Weekly Timing Where Low "Could" Be In FIBOSWANNY

BREAKING: Crypto Giant Circle No Longer Going Public (UToday | Cointelegraph | EWN | TB | Blockworks | TDH | BIC | Coindesk | Bitcoinist | Blockworks)

JUST IN: Nexo leaving US, says country lacks clear regulations (Cointelegraph | TB | Coindesk | Bitcoinist | BIC | CryptoPotato | ZyCrypto)

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Happy Monday Folks! It's a slow news cycle coming off the FTX Fiasco media dump; and that's good. Still shocked how many Crypto media outlets are giving SBFraud a platform to talk. Anywho, life goes on. How about Litecoin tho? Holy moly, the best performing asset right now - pumping 10% overnight. Meanwhile, Bitcoin is trying to move higher as well. Speaking of Bitcoin, it is hovering new $17.3K, but does it have the staying power? I still believe we will see $20K before we see $10K. Bitcoin is lagging US stocks above the 200-day average as the "fed trade" continues to unwind.

According to Willy Woo, it's the HODLers and traders that HODL and BTFD who is saving the Bitcoin market or it could be the Institutions that are coming to the rescue. Mike McGlone continues to believe we are in the "final stages" of the bear market; anyones guess right now.

Highly recommend listening to the Matt O'Dell interview on The Bitcoin Matrix and watching my show Bitcoin is Freedom as I discussed why those who are screaming pull your Bitcoin from "all" exchanges is doing so irresponsibly.  Here are five things to know in Bitcoin this week (Cointelegraph:)

  • Bitcoin traders diverge over “Santa rally”
  • Crypto voices cautious on stocks amid “imminent" crash claim
  • Miners already in “giant capitulation”
  • Difficulty set for biggest drop in 17 months
  • Sentiment avoids “extreme fear”

WATCH

LISTEN

Podcast of the Day: Matt Odell: Survival | The Bitcoin Matrix

CRYPTO MARKET

  • Institutions Coming to Replace Lost Retail Investors, Says SVP of $1.5T Asset Manager (Cryptoglobe)
  • ‘We Are All F****d’: The Developers of Tornado Cash and the Future of Crypto (Coindesk)
  • Treasury officials would have done more for national security by leaving Tornado Cash alone (Cointelegraph)
  • Maple token down more than 24%, cuts ties with Orthogonal Trading following $36 million default (TB)

BITCOIN

     Price

  • First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power? (Coindesk)
  • Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day Average (Coindesk)
  • This Group of Traders is Saving Bitcoin Market, Here's Who They Are (UToday)
  • Bloomberg Analyst Mike McGlone Says Crypto in ‘Final Stages’ of Bear Market, Predicts Ethereum (ETH) Will Come Out Ahead (TDH | Cryptoglobe)
  • Bitcoin bears beware! BTC holds $17K as support while the S&P 500 drops 1.5% (Cointelegraph)
  • Bitcoin More Recession-Resilient Than META, Comparison Shows (Bitconist)

     Indicators

  • Bitcoin Kicks Off Week Above $17,000, Market Sentiment Turns Optimistic (NewsBTC)
  • Bitcoin (BTC) on-Chain Analysis: NUPL Reaches Deep Value Region. Is the Bottom In? (BIC)

     Mining

  • Bitcoin Miners May Have Seen The Darkest In Q4 As BTC Rises Past $17,000 (Bitcoinist)
  • Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners (Coindesk | Cointelegraph)

     Voices

  • Fed Chair Jerome Powell’s Speech Impact on Bitcoin (BIC)
  • Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapse (Cointelegraph | CryptoPotato)
  • El Salvador President Disses Bloomberg Over Bitcoin Experiment Criticisms (BIC)
  • Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis (Cointelegraph)
  • Crypto Is at ‘Brick Wall Stage' and Needs ‘Right Balance’ of Regulation, Says Legal Expert (Coindesk)
  • A European Central Bank Blog Decries the End of Bitcoin, and We Aren’t Buying It (Coindesk)
  • Billionaire Tim Draper Predicts Incoming 1,370% Bitcoin (BTC) Rally – Here’s His Timeline (TDH)

     El Salvador

  • Botched Bitcoin Experiment Using Chivo Wallet Cost El Salvador’s Taxpayers Over $20 Million – Report (ZyCrypto)

ETHEREUM

  • Vitalik Buterin discusses his 'excitement' for the future of Ethereum (Cointelegraph | TDH | Bitcoinist | BIC | Finbold)
  • Thanks to Ethereum, 'altcoin' is no longer a slur (Cointelegraph)
  • Ethereum (ETH) Bulls Face Disappointment Despite Price Heading Above $1,300 (BIC)

XRP

  • Machine learning algorithm sets XRP price of December 31, 2022: $0.427 (Finbold)
  • Ripple CTO Responds to XRP-Hating AI Chatbot (UToday)
  • Ripple is the only crypto firm among America’s 10 most-valued startups (Finbold)

CARDANO

  • Cardano (ADA) Price Closes Bullishly for the First Time in 5 Weeks – What’s Next? (BIC)
  • Number of Cardano-based smart contracts surpasses 4,000 (Finbold)

DOGE

  • Dogecoin (DOGE) Price Breakdown Fears Escalate Due to Bearish Pattern (BIC)

LITECOIN

  • Litecoin eyes $100 after 'rare' LTC price breakout (Cointelegraph)
  • Litecoin Surges 9% In 24 Hours, Takes Spot As 12th Largest Crypto (Bitcoinist)

LEGAL BATTLES

  • Ripple Slams SEC’s Contradictory Claims As Agency Strives For Max Harm (Bitcoinist)
  • Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks (Coindesk)
  • 3AC Liquidators File $30M Claim for ‘Much Wow’ Super Yacht (Blockworks)

Other Podcasts

  • Bitcoin and Opting Out of the IMF & World Bank | The Breakdown
  • You Should Put 10,000 Hours Into Learning About Blockchain | Jerry Fragiskatos, IOHK | The Wolf Of All Streets
  • 2-hour sit-down with Sam Bankman-Fried on the FTX scandal | The Scoop
  • Bullish Bitcoin Bear Market w/ American HODL | Bitcoin Magazine

 

FTX FIASCO

  • Sam Bankman-Fried takes aim at FTX CEO John Ray in new interview (TB | Coindesk)
  • Crypto community baffled by SBF dictating terms over congressional hearing (CointelegraphTB)
  • Despite endless media appearances, SBF unlikely to testify on 13th (Cointelegraph)
  • Bernie Madoff’s Lawyer advises FTX’s Bankman-Fried to ‘shut up’ (Finbold)
  • Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim (Cointelegraph)
  • Former FTX US President Is Seeking Funds for Crypto Startup: Report (Coindesk)
  • Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources (Coindesk | TB | Bitcoinist)
  • Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain (Coindesk)
  • FTX Fallout: This Convicted Scammer Thinks SBF’s Media Apology Tour Is ‘Insincere Garbage’ (Bitcoinst)
  • FTX US insurer Relm 'confident' it will remain 'well-capitalized' (TB)
  • House committee leader says Bankman-Fried has 'sufficient' knowledge for testimony (TB)
  • Bankman-Fried Is a ‘Master of Deflection,’ Securities Lawyer Says (Coindesk)

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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