07 Feb: Bitcoin Bounce! Bottom is In.

07 Feb: Bitcoin Bounce! Bottom is In.

By theinspired | Inspiration | 7 Feb 2022


"Your calm mind is the ultimate weapon against your challenges."
-Bryant McGill

Bitcoin: $42,595.65 | Dom: 41.3% | HR: 180.444 EH/s

BREAKING

  • KPMG Canada Latest Firm to Add Bitcoin, Ether to Balance Sheet
  • Nasdaq will list Valkyrie's ETF linked to Bitcoin mining firms on Feb. 8
  • FTX to Give Away Bitcoin as Part of Super Bowl Ad Campaign; Coinbase as well
  • NFT Home Sale Has 1,500 Bidders Lining Up

JUST IN

  • Stop listening to celebrities for financial advice, says Binance Super Bowl campaign
  • Cross-Chain Bridge Hack of Meter Sees $4.4M Stolen
  • DriveWealth pushes into crypto trading
  • US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year
  • Tesla held $2B of Bitcoin as of late 2021, SEC filing reveals
  • Crypto firm Wirex launches in the US, almost a year later than planned
  • Japan's largest bank to float yen-pegged stablecoin for trading securities
  • Protesters migrate to crypto fundraising platform following GoFundMe ban
  • AssangeDAO raises $38M in donations to help free WikiLeaks founder
  • Russia to introduce strategies for crypto regulation by February 11

MARKET WATCH

  • Bitcoin bulls look to push price above $45K to validate bullish trend reversal
  • Week in crypto: Bitcoin bounces following strong U.S. employment data
  • BTC price returns to $43K — 5 things to watch in Bitcoin this week
  • New BTC price targets emerge as Bitcoin sizes up Wall Street open ($44K Resistance | $38K $37K or $30K Support)
  • Bitcoin (BTC) Wave Count Suggests a Bottom Has Been Reached
  • Bitcoin Long-Term Holders Increase Their Share of Supply as BTC Surpasses $43,000
  • Crypto derivatives data signals improving investor sentiment and a possible trend reversal
  • Venezuelans reportedly hit by new Bitcoin tax of up to 20%
  • P2P Bitcoin Trading in Nigeria Grows by 15% Since Crypto Ban

ALTCOINS

  • Ethereum Whales Accumulating Polygon (MATIC), Loopring (LRC) and Two Low-Cap Altcoins, According to WhaleStats
  • Luna Millionaire Expects Token to Reach $500
  • SHIB surges 33% in a week as $3.5 billion infused into Shiba Inu’s market cap
  • SHIB and DOGE Price Analysis for February 7
  • Chainlink up 17% Over Weekend, Outperforming Ethereum by Daily Dev Activity
  • Tezos (XTZ) Breaks Out Above $4 but Struggles to Sustain Upward Movement
  • 1inch (1INCH) Breaks Out From Three Month Resistance Line, Looks to Reclaim $2.20

ANALYST'S CORNER

  • Santiment: Analysts Expect Bitcoin to Rise Higher This Week
  • Bloomberg: Bitcoin’s $40k rebound is more of ‘a floor than a ceiling’ with $100k in play
  • Peter Brandt: Examines BTC After Strong Rally Above $40,000; Bitcoin Bottom In? 
  • Raoul Pal: Former Goldman Exec Talks About Ethereum ($ETH), Polkadot($DOT), and Terra ($LUNA)
  • Coin Bureau: 2022 Will Be Big Year for Cosmos (ATOM) & $LUNA Price Could Rally Nearly 2-3X

NOTABLE VOICES

  • Paul Krugman: Nobel Laureate on ‘Disturbing’ Similarities Between Crypto and Subprime Mortgages
  • Antoni Trenchev: Nexo founder says ‘Cheap money’ is here to stay and will be ‘good for crypto’
  • Vladimir Potanin: CBDC Can Replace Bitcoin, Claims Russia’s Second-Richest Man
  • Ray Dalio: Financial Markets Shifting, Crypto ‘Vulnerable’ to Government Crackdown
  • Erik Voorhees: Central Bank Digital Currencies Are ‘Orwellian Spy Surveillance Nightmare’
  • Hugo Philion: Flare Networks CEO Has Answer to the Question Many $XRP HODLers Have Been Asking

LATEST FROM PUTIN AND XI SUGGESTS GROWING POLITICAL INTEREST IN BITCOIN

TALKABOUTABLE

  • Indian Digital Rupee to be Held in State-Backed Wallet
  • Fed Designs Digital Dollar That Handles 1.7 Million Transactions Per Second
  • US House Representatives Propose Tax Relief Bill for Small Crypto Transactions
  • Phoenix Couple’s Metaverse Marriage Won’t Be Legally Binding
  • BuzzFeed Dox Bored Ape Yacht Club Founders for No Good Reason
  • Afghanistan: How Crypto is Keeping its Users From Starving
  • Lost Bitcoin may be a ‘donation,’ but is it hindering adoption?
  • UN Report Says North Korea Funding Missile Program With Stolen Crypto
  • A New Bitcoin Education Center in El Salvador Aims to Bring About Next Wave of Adoption
  • Swiss BSV to establish blockchain academy in the Middle East
  • Google Cloud to detect crypto-mining malware on virtual machines

NFTs

  • VC Paul Graham Comes in Support After Gaming Marketplace Called NFTs Scam
  • Bud Light Super Bowl Ad Includes Nouns Ethereum NFT Imagery
  • Are New York City’s Social Clubs the Next Target for NFTs?
  • Chainalysis report finds most NFT wash traders unprofitable
  • ‘Wave of litigation’ to hit NFT space as copyright issues abound
  • A crypto project is using up whole Ethereum blocks and turning them into NFTs

BLOCKCHAINS

  • Bitcoin Lightning Network Capacity Reaches All-Time High
  • Cardano adds over 9,000 wallets on average daily in 2022
  • Litecoin’s (LTC) Hash Rate and Difficulty Recover Despite Faltering Price
  • What Is Solana? Everything You Need To Know About the Ethereum Rival
  • What is Harmony (ONE) blockchain and why it is getting so much traction?

FOLLOW DAT MONEY

  • Privacy-focused applications platform Aleo raises $200M
  • Polygon raises $450 million from Sequoia, SoftBank, Tiger, and others in a token sale

LESSONS

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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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