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Follow Dat Money | Crypto Projections
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Happy Monday Folks! Slow news cycle and price is moving down ahead of Powell's speech. Which direction does the market head from here? Is this the pullback many have been anticipating or just a temporary pause before Bitcoin heads higher toward $25.8K? So many questions.
Most Covered News:
- FTX clawing back political donations
- South Korea Security Tokens Regulation
- 620K new Bitcoin wallets
Crypto Whales are poised and ready to strike this month as Coinshares reports fourth consecutive week of inflows.(4) AI tops institutional investors’ tech choice, outpacing Crypto. Commodity guru Mike McGlone says cryptocurrencies ‘may be facing their first real recession.’ Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder Michael Saylor.
Is BTC price about to retest $20K? 5 things to know in Bitcoin this week (Cointelegraph):
- BTC price disappoints with weekly close
- Fed officials to speak as market eyes CPI
- Miner “relief” contrasts with BTC sales
- NVT suggests volatility will kick in
- Small Bitcoin wallet show “trader optimism”
Why Multisig Is Essential For Anyone Who Believes In Bitcoin
Bitcoin trader fears a bear market comeback. Crypto markets lose $30B as Bitcoin slipped to weekly lows; the DXY pops. Crypto community with 75% historical accuracy sets Bitcoin price for February 28, 2023: $20,254. However, 620K new $BTC wallets have been created recently.(2) Bitcoin miner Riot expects growth delay due to December storm damages. Top Crypto miner at record Bitcoin production, bear market over? How Bitcoin NFTs might accidentally fix Bitcoin's security budget.
Ethereum price holds key support and eyes fresh move to $1,700. Ethereum activity has picked up, with Shanghai upgrade the next big catalyst. ZK-Rollups are the future of Ethereum scaling. $BNB Chain on-chain activity bucks bear market downtrend in Q4. Cardano ($ADA) price looking at short-term dump before longer-term pump. Dogecoin wallet abruptly revives after 9 years, it made 23,228.9% in profit. Bloomberg unveils Crypto outlook – highlights explosive Polygon ($MATIC) adoption, forecasts Ethereum will outperform Bitcoin.
Binance to suspend US dollar bank transfers this week.(7)
UK financial regulator FCA warns Crypto firms of jail time for unauthorized ads.(2) Italy setting up Crypto environment that meets EU's new laws, Central Bank Governor Says.(2) South Korea issues guidelines for regulating security tokens as legislation looms.(4) Hong Kong securities regulator adds crypto personnel for industry supervision.(2)
FTX requests return of donations from SBF’s political beneficiaries.(5) FTX Judge considers approval for independent bankruptcy investigation; could cost $100M.(3) FTX being advised by cybersecurity firm Sygnia on hack inquiry, CEO Ray says. FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange; charged $690K last year.(2) Huobi lists new ‘FUD’ token backed by FTX users’ debt with approval from Justin Sun. Sam Bankman-Fried lawyer says agreement has been reached on use of messaging apps. Hodlnaut works with potential buyers to sell firm and FTX claims. Kevin O’Leary says FTX crash ‘poked the bear in Washington.’
Scammers float fake tokens for social media app Damus: PeckShield. DCG fights back as Genesis rises from possible bankruptcy; plans to sell mining.(5) Genesis creditors to expect 80% recovery under proposed restructuring plan. Former Coinbase manager seeks to dismiss watershed insider trading case.
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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Podcast of the Day: Eric Weiss: Conviction | The Bitcoin Matrix
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