"Treasure your relationships, not your possessions."
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Follow Dat Money | Crypto Projections
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It's Saturday Folks! What goes up must come down as they say? The bull rally was put on pause this week by various events that happened so let's review the week shall we?
Monday the price of Bitcoin closed at $22,760.11 and the fear and greed index was 56. The most covered news of the day was FTX requesting the return of donations from SBF’s political beneficiaries.(5) and DCG fighting back as Genesis rise from possible bankruptcy; plans to sell mining.(5)
Podcast of the Day: Eric Weiss: Conviction | The Bitcoin Matrix
Tuesday the price of Bitcoin closed at $23,264.29 and the fear and greed index was 54. The most covered news of the day was the Former Coinbase product manager pleading guilty to criminal charges in landmark case.(4) and DCG Selling Grayscale Trust Shares.(4)
Podcast of the Day: Untangling Bitcoin & Crypto: Training the Future Gladiators & Fighting the Tribalizm | The Charlie Shrem Show
By Wednesday (Humpday) the price of Bitcoin closed at $22,939.40 and the fear and greed index was 58. The most covered news of the day was Solana ($SOL) scoring new integration with Brave browser; it can boost price.(4) and SEC to increase scrutiny of firms offering or giving advice about crypto.(4)
Podcast of the Day: Read_698 - An Orange Pill for Bitcoiners [Austin Herbert] | Bitcoin Audible
Right over the hump on Thursday the price of Bitcoin closed at $21,819.04 and the fear and greed index was 55. The most covered news of the day was Coinbase CEO Brian Armstrong shares concern over rumors of SEC ban on Crypto staking for retail investors.(6) and LocalBitcoins closes down P2P crypto exchange service.(5)
Podcast of the Day: SLP457 Bitcoin as International Money with Bill Hill & Malcolm Weed | Stephan Livera Podcast
As the week came to a close on Friday the price of Bitcoin closed at $21,651.18 and the fear and greed index right about 48. The most covered news of the day was ‘Kraken Down’ SEC commissioner rebukes own agency over the settlement to end staking services; are others next? SEC is using all means available.(11)
Podcast of the Day: Python Politics Part 1: The US Government's Slow Squeeze on Crypto via the Banking System | The Breakdown
Bottom line: As I type Bitcoin is trading at $21,765.47 and for the week (M-F) Bitcoin lost $1,108.93. All said and done, this was a rough week for Bitcoin but, even with the increase SEC scrutiny, the shutting down of LocalBitcoins, DCG selling shares , and a host of other things - Bitcoin is still coming out of Crypto winters into Crypto spring. Be patient, keep stacking sats, and HODL.
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
Bitcoin is already in its ‘next bull market cycle’ — Pantera Capital. El Salvador's Bitcoin risks 'have not materialized,' IMF says.(3) Russia to launch $12.3 Million Crypto mining farm in coming months. Ethereum developers highlight key timelines in Shanghai update final pre-launch. Ethereum’s Vitalik Buterin donates $150,000 in $ETH to victims in Turkey and Syria.(2) Jump Crypto uncovers critical vulnerability on Binance’s $BNB chain.(2) Cardano ($ADA) price drops 11% in the run-up to ‘Valentine upgrade.’ $MATIC beats top Cryptos $BTC, $ETH in price performance – can it sustain tempo?
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