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

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Happy Tuesday folks! Yesterday the news started off slow but ended up with a few big stories. First we learned that Circle was no longer going public, then Nexo announced they were leaving the US due to regulatory climate, and then Vitalik Buterin discussed his "excitement" for five future Ethereum features. 

Today the most covered news so far is Bitcoin mining recording it's biggest difficulty drop in 2022, Goldman Sachs is going on a Crypto firm buying spree as a result of the FTX Fiasco, Strike is enabling payments in 3 African countries, CZ calling SBF a fraud, and the court approving Celsius an extension on their bankruptcy filing. 

Meanwhile, the "Wolf of Wall Street" warns investors not to touch Crypto "with a 10-foot pole;" he should loop Bitcoin in with that because there is a difference. Jim Cramer is right behind him saying, "it's never too late to sell and awful position." Peter Schiff says Bitcoin can reach $5K; the bears are on parade! But some bulls still remain like Raoul Pal who says Bitcoin, Crypto, and stocks are ready to go exponential. Willy Woo believes Bitcoin is in the midst of a multi-month accumulation bottom despite FTX debacle. 

Meanwhile, Bitcoin price consolidates and holds $17K as tech stock index slips. Double bottom speculation raises hopes for Christmas, Ethereum net issuance since merge reaches 2,400 so the deflation experiment might have failed, BNB might reach generational top against Bitcoin, XRP is showing signs of reversing with 119K accounts being created since November, DOGE might be crashing, and Litecoin rally isn't over. 

WATCH

LISTEN

Podcast of the Day: Being A Bitcoiner in a Crypto World with Alex Strześniewski of AngelBlock | The Charlie Shrem Show

SOURCES

CRYPTO MARKET

• ‘Father of the iPod’ helps Ledger create new cold crypto wallet (Cointelegraph | TB | BM | EWN | Coindesk | BIC | Cryptoglobe | TDH)
• Jim Cramer on Crypto Investments: “It’s Never Too Late To Sell an Awful Position” (Cryptoglobe | BIC | CryptoPotato | TDH)
• a16z appoints ex-CFTC commissioner Quintenz head of policy (TB | Coindesk)
• ‘Wolf of Wall Street’ J. Belfort warns investors not to touch crypto ‘with a 10-foot pole’ (Finbold | NewsBTC)
• Crypto Capital Reset Underway Following Final Flushout: Glassnode (CryptoPotato)
• Microsoft Investigates Attack Targeting Crypto Companies (UToday | BIC)
• Cryptocurrency has become a playground for fraudsters (Cointelegraph)

BITCOIN

     Price

• Price Slump For Bitcoin Looming As VIX Rises Back Above 20 (NewsBTC)
• Bitcoin's Stagnant Crypto Dominance Points to Investor Exodus After FTX Bankruptcy (Coindesk)
• Calm Before the Storm? Bitcoin Consolidates at $17K (Market Watch) (CryptoPotato)
• Bitcoin Price Holds $17k as Tech Stock Index Slips (Blockworks)
• Double Bottom Speculation Raises Hopes For Christmas (Trustnodes)
• Machine learning algorithm sets Bitcoin price for December 31, 2022: $18,796.94 (Finbold)
• Bitcoin price recovery possible after record realized losses create a healthier market (Cointelegraph)
• Bitcoin clings to $17K as ARK flags 'historically significant capitulation' (Cointelegraph)
• US Consumers Believe Bitcoin (BTC) Will Drop to New Bear Market Lows in Aftermath of FTX Collapse: New Survey (TDH | NewsBTC)

     Indicator

• Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in (Cointelegraph)
• Two Technical Bitcoin Indicators Diverge; Each Has Value Depending on Investors' Timelines (Coindesk | CryptoPotato)

     Voices

• Central Banks Around the World Will Adopt Bitcoin As Reserve Asset, Says BTC Bull Mark Yusko (TDH)
• Bitcoin: From 70% drop to 1,300% jump, Novogratz, Draper and more chime in on future (TB)
• Macro Guru Raoul Pal Says Bitcoin (BTC), Crypto and Stocks Are Ready To Go Exponential – Here’s Why (TDH | Bitcoinist)
• Bitcoin in Midst of Multi-Month Accumulation Bottom Despite FTX Debacle: On-Chain Analyst Willy Woo (TDH)
• End of Crypto Winter Is Near, ETH To Thrive Most, Says Bloomberg Analyst Mike McGlone (Bitcoinist)
• Peter Schiff Says Bitcoin Can Reach $5,000 (UToday)
• BTC Dominance Is Behaving Weirdly, and That’s Sort of Good (Coindesk)
• Bitcoin Fundamental Expert Charles Edward Breaks Down Why The Bottom Is In (NewsBTC)

     Lightning

• Bitcoin Lightning company Strike enables payments to 3 African countries (TB | Cointelegraph | BM | CryptoPotato | Cryptoglobe | Blockworks)
• Bitcoin advocate dishes out sats over Lightning Network to raise BTC awareness (Contelegraph)

     Mining

• Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry (Coindesk | TB | BM | Cointelegraph | BIC)
• Bitcoin Mining Difficulty Records Biggest Drop of 2022. Here’s Why (UToday | TB | Cointelegraph | Coindesk)
• Bitcoin Miner Riot Switches Mining Pool After Falling Short in November (Coindesk)
• Bitcoin ‘Mining Industry Is Under Under Extreme Stress’, Says Crypto Analytics Firm (Cryptoglobe)
• Bitcoin Miners Offered Way to Cut Texas Electricity Usage to Help the Grid (Coindesk)

     Misc

• Amazon Sabotaged to Not Accept Bitcoin (Trustnodes)
• Built With Bitcoin Foundation Opens New Technology Center in Ghana (Coindesk)
• 9 years ago China banned Bitcoin, yet still remains a silent BTC whale (Finbold)
• Bank Syz Integrates Cryptocurrency Trading (Finews)
• Can Bitcoin Be a Weapon of War in the Ongoing Israeli-Palestinian Conflict? (BIC)

ETHEREUM

• Ethereum Net Issuance Since Merge Reaches 2,400, Has Deflation Experiment Failed? (UToday | Coindesk)
• November 2022 – Ethereum Number of New Smart Contracts Fell by 58% (TDH)
• Ethereum 'March 2020' fractal hints at price bottom — But ETH bears predict 50% crash (Cointelegraph)
• Ethereum co-founder Vitalik Buterin says AI is 'quite far' from replacing human programmers (TB)
• Ethereum price prediction for Christmas Day 2022: $4,093 (Finbold)
• 3 reasons why Ethereum price keeps rejecting at the $1,300 level (Cointelegraph)

BNB

• Why Binance Coin (BNB) Might Reach a Generational Top Against Bitcoin (BIC)

XRP

• Hidden XRP Signal Shows Important Reversal Ahead: Crypto Market Review, Dec. 5 (UToday)
• 119,000 XRP Accounts Have Been Created Since November, Total Number Getting Insane (UToday)
• This Is The Biggest Danger For Ripple In Its Legal Battle Against The SEC, Attorney Says (Bitcoinist)
• SEC ‘Failed To Carry Its Burden As to Each of the Three Howey Elements’ in $XRP Case, Ripple’s Lawyers Say (Cryptoglobe)
• Ripple CTO shuts down ChatGPT’s XRP conspiracy theory (Cointelegraph)
• AI-Powered Chatbot Alleges Ripple Has Secret Abilities to Make Changes to $XRP Ledger (Cryptoglobe)
• Ripple v. SEC court case update as of December 6, 2022 (Finbold)
• Ripple, SEC Final Briefs Provide Case Summary (Blockworks)
• XRP Lawsuit: Attorney Reveals Ripple’s Biggest Danger In SEC Case As It Edges Towards Gigantic Win (ZyCrypto)
• Economic Unreality: What SEC ICO Precedents Mean for Ripple (Coindesk)

CARDANO

• Jim Cramer Says Cardano, XRP and Dogecoin Might Crash to Zero (UToday)
• IOHK Executive Says Cardano (ADA) and Crypto in the Dot Com Stage of Development (TDH)

DOGE

• Why is Dogecoin (DOGE) crashing? Here’s what you should know (Finbold)
• 70% of Dogecoin Holders Becoming Long Term Following Golden Cross: Crypto Market Review, Dec. 6 (UToday)

MATIC

• Warner Music Group to Release Polygon Music NFTs Through LGND Platform (Decrypt | TB | Cointelegraph | BIC)

LTC

• Litecoin Price Prediction: Why LTC’s Rally is Far From Over (NewsBTC)

LEGAL BATTLES

• Court Approves Celsius Extention To Submit Chapter 11 Reorganization Plan In 2023 (EWN | Cointelegraph | TB)
• Celsius's CEL Token Suddenly Went up 15%, This Might Be Reason (UToday)
• Bankrupt Crypto Lender Celsius Incurs Customer Wrath With Staff Bonuses (BIC | Bitcoinist)
• Judge signs off on subpoenas to 3AC's Su Zhu and Kyle Davies (TB | TB | Cointelegraph | Coindesk | CryptoPotato)
• Hedge fund Fir Tree files lawsuit against Grayscale: Bloomberg (TB | Coindesk | Coindesk)

Other Podcast

• PlanB: Bitcoin Price Can Get To $100,000. Or $1 Million. | The Wolf of All Streets
• #379: From Neuroscience to Bitcoin Proof of Reserves with Sam Abbassi | TFTC
• Bitcoin Self Custody w/ The Trezor Team | Bitcoin Magazine
• Fighting the Surveillance State "Central Bank Digital Currencies" with Natalie Smolenski and Sam Callahan - December 5th, 2022 | Cafe Bitcoin 
• ​​Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It? | Unchained
• #1132 Tim Draper On Elon Musk, Tesla, Bitcoin & The Future Of The U.S. | The Pomp Podcast
• 2-hour sit-down with Sam Bankman-Fried on the FTX scandal | The Scoop
• SBF Declines a Congressional Invite; Alameda CEO Is Seen in New York City | The Breakdown
• Dec 5: SBF Spits in the Face of Congressional Authority | Decrypt Daily
• Ryan Condron | The Mining Pod

FTX FIASCO

• Goldman Sachs sees crypto investment opportunities after FTX fiasco: Reuters (TB | Coindesk | Coindesk | BIC | Blockworks | TDH)
• Binance CEO calls Sam Bankman-Fried 'one of the greatest fraudsters in history' (TB | Finbold | Cryptoglobe | Bitcoinst)
• Sam Bankman-Fried hires white-collar attorney who represented Ghislaine Maxwell (TB | Cointelegraph | Coindesk | Blockworks)
• Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning' (Cointelegraph)
• Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law Decoded (Cointelegraph)
• Silvergate Claims Customer Funds Are Safe Despite BlockFi and FTX Exposure (BIC)
• Maxine Waters Is Not Playing With SBF. Says It Is Imperative That He Attends Their Hearing (CryptoPotato | TB | Blockworks)
• Gensler to brief House Democrats in run-up to FTX hearing: Exclusive (TB)
• US lawmakers request answers from Silvergate over ties to FTX: Report (Cointelegraph)
• Financial Stability Board aims to address crypto-related issues following 'failure of FTX' (Cointelegraph)
• Michael Saylor: Sam Bankman-Fried Used FTX as His Own Personal Piggy Bank (BIC)
• Former FTX executive Nishad Singh was a prolific Democratic Party donor: CNBC (TB)
• Silvergate Debunks Rumours Of A Liquidity Crisis Despite BlockFi, FTX Exposure (ZyCrypto)
• Billionaire Chamath Palihapitiya Calls FTX Implosion a Sophisticated Con Perpetrated on Millions of People (TDH)

• Ex-FTX Exec Lands at Payments Tech Company Nuvei (Blockworks)

   

     Maple Finance

• Nexus Mutual Loses Millions in Maple Finance Credit Pool (Blockworks | TB)
• Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances (Cointelegraph | Blockworks | TB)
• Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent (Coindesk)