"Once you replace negative thoughts with positive ones,
you'll start having positive results."
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It's Saturday Folks! I'd love to know if these weekend recaps are useful for you. Second week in 2023 and Bitcoin has blasted off so much for being a Stablecoin. Let's recap the week, shall we?
Monday the price of Bitcoin closed at $17,196.55 and the sentiment turned positive. The most covered news of the day was Bitcoin price breaking a three week trading range of $17K as equities jumped on US fed speculation; aimed for fresh really to $18K.(8)
Podcast of the Day: Alexander Leishman: Building Generation Wealth with Bitcoin | The Bitcoin Matrix
Tuesday the price of Bitcoin closed at $17,446.29 and the sentiment remained positive. The most covered news of the day was Coinbase cutting around 20% of their workforce as Crypto winter raged; their stock popped 7%; Analysts were "encouraged because it showed tjhe company is being financially disciplined and institutional business thrived despite the layoffs.(14)
Podcast of the Day: The SEC and DOJ Are Reportedly Investigating DCG | The Breakdown
By Wednesday (Humpday) the price of Bitcoin closed at $17,934.90 and the sentiment still rocking positive. The most covered news of the day was Binance.US cleared to buy Crypto lender Voyager out of Bankruptcy.(4)
Podcast of the day: BTC111: Nostr - Decentralized Social Media & Bitcoin w/ William Casarin (Bitcoin Podcast) | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $18,869.59 and the sentiment was still going positive. The most covered news of the day was Bitcoin and Ether hitting two-month high ahead of US CPI; market breadth remained weak. Bitcoin surged above $18K to cap 8-day winning streak; $20K next for $BTC? Short traders suffer $200M in losses as Bitcoin, Ether, and Cardano lead Crypto majors' gains.(7)
Podcast of the Day: 25 Predictions For 2023 | Solana's Massive Growth Potential | Tom Dunleavy, Messari | The Wolf Of All Streets
As the week came to a close on Friday the price of Bitcoin closed at $19,909.57 and the sentiment was hella positive. The most covered news of the day was Genesis and Gemini charged with securities violations by SEC.(6)
Podcast of the Day: DCG's Dilemma: Should It Sell Its GBTC Holdings to Repay Gemini? | Unchained
Bottom line: As I type Bitcoin is trading at $20,888.81; gained $2,713.02 for the week (M-F) - this is the Bitcoin we all know and love. Nothing fundamentally still hasn't changed about Bitcoin's code, the network, or anything of substance. So what changed? Normal market forces if you ask me. This has been a brutal bear market, Crypto Winter, whatever you wanna call it but as you will watch in the video below, IF Bitcoin can remain above the 21 day SMA - it's time to party folks! I hope you've been stacking sats, staying humble and HODLing.
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.
WATCH
WEEKEND NEWS
Heightened activity in futures market underpins crypto rally. BNY Mellon CEO Robin Vince on Crypto: ‘We’re leaning into the future with things like Digital Assets.” Staying Vigilant in 2023: 91% of Cryptocurrencies from 2014 are dead. Navigating the World of Crypto: Tips for avoiding scam.
Bitcoin dominance at 2-month high as $BTC stands firm above $20K. Bitcoin had touched $21,000, shattering historic line of resistance and erasing FTX gap; Market cap reclaim $1T.(3) Over $70 billion pumped into Bitcoin this week; More buying power ahead? Only 0.5% of global population owns Bitcoin, representing every 184th person. One of the largest US colleges Texas A&M has begun teaching students about Bitcoin. Grayscale replies to SEC, argues that Bitcoin ($BTC) spot ETF denial is illogical. Former SEC enforcement attorney explains why “Bitcoin’s price is rising.”
ARK Invest says Bitcoin holders remained strong in 2022, with BTC primed for major move.(2) New York hit with lawsuit after Crypto mining facility approval.(3) Osprey Leads Latest GBTC Takeover Attempt. Can Canada stay a crypto mining hub after Manitoba’s moratorium? The storm has passed, but bitcoin mining difficulty is about to blow through the roof.
You Can Now Stake Ethereum on MetaMask. Tether’s 2022 settlement volume flips Visa and Mastercard. Cardano beats Dogecoin ($DOGE) in market cap top as $ADA price spikes higher. Get details on first Cardano smart contract in Python. Dogecoin price jumps as $DOGE returns as one of best-purchased coins. If fact, Dogecoin is 261% more profitable to mine than Bitcoin in one key aspect. Polygon tests zero-knowledge rollups, mainnet integration inbound. Solana Foundation warns about security incident with Mailchimp.
Gemini and Genesis’ legal troubles stand to shake up industry further. SEC lawsuit against Gemini is political, says Tyler Winklevoss. Justin Sun eyes up to $1 billion spend on DCG assets.(2)
FTX's $5 billion haul fails to boost price of bankruptcy claims, Xclaim says. SkyBridge Capital to buy back the stake it sold to FTX, says Scaramucci; ‘It’s Very Clear Now’ FTX Committed Fraud.(3) Scaramucci is now investing in company set up by former FTX US president Brett Harrison.(3) Which, Ex-president Brett Harrison of FTX US says relationship with SBF reached 'total deterioration;' insecurity and threat to his ‘professional reputation.’(4) Alameda Research had a $65B secret line of credit with FTX. US trustee files objection to FTX's choice of lawyers. Alameda lost $1M in liquidations.
