"Everything popular is wrong."
–Oscar Wilde
Powered by LifeLine - The Power of Prevention
Follow Dat Money | Crypto Projections
Note: If you find value in this brief leave me a comment
READ
Happy Saturday Folks! Last week we saw Bitcoin gain about $1,400 and this week it gave it all back and then some. The best performing asset in the past 7 days was $NB - down only 4.34% and is in position #4 on Coinmarketcap.com. Last week the Fear and Greed Index was at 60 and today it's 48; as things get bearish that is the time to buy the dip.
Most covered news this week was Bitcoin's price dropping under $27K. The Podcast of the Week would have to go to The Crypto Conversation as Andy talks about the upcoming halving.
Monday the price of Bitcoin closed at $27,694.27 and the fear and greed index was 60. The most covered news of the day was Binance closed BTC withdrawals amid congestion on the Bitcoin network; Resumes with the use of Lightning Network as CZ brushes it off(6) and BRC-20 Meme Coin Craze Overwhelms Bitcoin Network, Minting Fees Reach Record High.(6)
Podcast of the Day: The Global Role of Bitcoin | The Breakdown
Tuesday the price of Bitcoin closed at $27,658.78 and the fear and greed index was 51. The most covered news of the day was Bitcoin BRC-20 Tokens Near $1 Billion Market Cap as BInance Exchanges List ORDI(7) and FTX founder Sam Bankman-Fried urges court to dismiss charges.(7)
Podcast of the Day: Episode 78: Partially Signed Bitcoin Transactions (PSBTs) (And Dutch Auctions) | Bitcoin Explained
By Wednesday (Humpday) the price of Bitcoin closed at $27,621.76 and the fear and greed index was 52. The most covered news of the day was Bitcoin priced on Binance.US crypto exchange at $700 premium(3) and Ireland’s central bank governor Gabriel Makhlouf slams Bitcoin as a ‘Ponzi scheme.’(3)
Podcast of the Day: A Philosophical Case for Bitcoin with Bradley Rettler | What Bitcoin Did
Right over the hump on Thursday the price of Bitcoin closed at $27,000.79 and the fear and greed index was 52. The most covered news of the day was Bitcoin Miner Marathon First-Quarter Earnings Beat Estimates as SEC Extends Probe.(4)
Podcast of the Day: SLP477 Decentralising Bitcoin Transaction Selection using SRI with Pavlenex and Fi3 | Stephan Livera Podcast
As the week came to a close on Friday the price of Bitcoin closed at $26,804.99 and the fear and greed index right about 49. The most covered news of the day was BTC price lost $27K as Bitcoin trend lines brew 'bullish cross;' hitting Two-Month Low Amid Dollar Strength, Cooling Ordinals Activity.(8)
Podcast of the Day: There are 334 Days until the Next Bitcoin Halving | TCC
Bottom line: As I type Bitcoin is trading at $26,877.26 and for the week (M-F) Bitcoin lost $2,110.72. We continue to waiting for Bitcoin to break the $30K level once again - will it do it by this time next week? Leave me a comment if you think so!
My belief continues to be that no matter what happens I will be okay. Which means, have enough at play to move the needle if the market pops, have some dry powder if it drops, and remain calm and move on if it goes sideways. Keep buying the dip, be smart, stay safe, stack sats, and HODL as "Matty Sats" would say!
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
CRYPTO
Beyond Speculation: The Diverse Uses and Transformative Power of Cryptocurrency.
BITCOIN
Bitcoin-ether correlation dips below 80% for first time in 18 months. Bitcoin and Gold Lead the Charge in 2023, Fidelity’s Jurrien Timmer Explains. Turkish government accused of using Bitcoin to fund deepfake propaganda. Turkey’s Presidential Elections: BTC Critic Erdogan vs. Crypto Enthusiast Kilicdaroglu. BTC miner Rhodium faces lawsuit over alleged $26M in unpaid fees.
Opinion: Pros and Cons for Bitcoin Related to BRC-20 Token Standard
STABLECOINS
Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs.
Opinion: Former SEC Lawyer Says Tether Is Counterfeiter.
EXCHANGES
Binance Shuts Down Services in Canada Amid Regulatory Challenges.(2)
LEGISLATION/REGULATION
Ethereum Network Suffers Finality Issues. US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill.
LEGAL CASES
Coinbase Enlists Legal and Political Heavyweights in Battle With SEC. QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend.’(4) BlockFi Creditors Await Fund Recovery: FTX Clawback in Focus.
ATTACKS/HACKS/SCAMS
Vietnamese Residents Accused of $1.5 Million Crypto Theft and Kidnapping to Face Justice.
