"A will finds a way."
–Orison Swett Marden
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Top Performing Assets (24 Hours): $SOL 13.22% | $DOGE 7.85% | $AVAX 6.32%
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Welcome to Thursday Folks! Bitcoin is trading down at $72,937 up $6.2K from the previous week. How much steam is left in this rally?
CURRENT NEWS
Today, Bitcoin hit yet another high, tapping $73.8K and beware of Bitcoin's 'rising wedge,' says Josh Olszewicz which tends to be bearish but if a pull back does happen it will prob be short lived.
Michael Saylor and MicroStrategy is at it again, this time looking to raise $500M to (guess what) buy more Bitcoin.(5) He will never stop buying the top! Bitcoin price is entering "euphoria" zone amid wealth rotation from "HODLers to new investors." Which begs the question, can Bitcoin drop to $58K as a cool-off period must be imminent, according to Swissblock and Glassnode. That said, Michael Novogratz doesn't believe it will go below $50K. Adam Back says $100K is overdue. Samson Mow says $1M BTC price incoming "very soon." Arthur Hayes says Crypto bull market just beginning.
El Salvador has dropped taxation for foreign investments and remittances. IMF guides Andorra to record and monitor Bitcoin transactions.
$DOGE rises 14% after Elon voice continued support for the asset.(4)
US attorney seeks to reclaim $2.3M crypto from ‘pig butchering’ scheme. Pig butchering is a technique in which scammers establish trust online and get the victim to invest in a crypto scheme before the victim realizes they have been defrauded. Craig Wright is NOT Satoshi Nakamoto so can we finally put his name to rest.(3)
MID-DAY
Bitcoin Frontier Fund announces large investments in Bitcoin ecosystem. Willy Woo says inflows of capital being stored by the Bitcoin network recently hit $2B per day.
WATCH
LISTEN
Podcasts of the Day: Bitcoin Hits New All-Time High & Will "Eat" Gold | TWOAS
TIME MACHINE
A month ago, Bitcoin crossed $1T for the second time in history(4) and it hit $52K; possibly $55.4K soon in the US and a new all-time-high in Japan.(2) Who could have seen us going to $64K this fast? a few weeks ago, Cardano founder Charles Hoskinson was battling with Arthur Hayes about his demeaning comments about Cardano(3) and Coinbase was fighting for the $ETH ETF saying it's not a security.(3) A couple weeks ago, Bitcoin remained around $64K as the market reached extreme greed(3) and Gemini made their customers whole by returning 100% of the funds to those who participated in the Earn program.(7) Last week, Bitcoin had a "V-shaped" recovery which opened a path toward $76K. Yesterday, Arizona lawmakers cited rapid growth of the Spot Bitcoin ETFs as a reason to add them to retirement portfolios.(3)
Top Performing Assets Last Week (24 Hours): $SOL 7.37% | $BNB 2.29% | $ADA 0.54%
Top Performing Assets Couple Weeks Ago (24 Hours): $DOGE 30% | $SOL 17.63% | $ADA 9.35%
