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Happy Saturday Folks! Last week we saw Bitcoin lose about $100 but this week it's been a completely different story. The best performing asset in the past 7 days was $SOL - up 18.74% and moved into position #10 on Coinmarketcap.com. Fear and Greed Index was at 61 and today it's 61 so just as the price has been flat so is the overall sentiment.
Most covered news this week remained the Ethereum Shapella Upgrade which was very successful. Podcast of the Week is Bitcoin Fundamentals as Preston talked with James Lavish on why Bitcoin performs from here. Let's review the week shall we?
Monday the price of Bitcoin closed at $29,652.98 and the fear and greed index was 62. The most covered news of the day was Sam Bankman-Fried declared Alameda ‘unauditable,’ and Former FTX US President Brett Harrison Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried; FTX controls were a hodgepodge of apps.(7)
Podcast of the Day: Traders Shifting to Tether and BTC Are Voting Against the U.S. | The Breakdown
Tuesday the price of Bitcoin closed at $30,235.06 and the fear and greed index was 68. The most covered news of the day was Bitcoin hits $30K to mark highest price since June 2022; $200M shorts liquidated.(8)
Podcast of the Day: Everyone Is Talking About De-Dollarization, Is There Anything To It? | The Breakdown
By Wednesday (Humpday) the price of Bitcoin closed at $30,139.05 and the fear and greed index was 65. The most covered news of the day was Less than 1% of staked ETH estimated to sell after Shanghai upgrade.(6)
Podcast of the Day: BTC125: James Lavish On Why Bitcoin Performs From Here | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $30,399.07 and the fear and greed index was 61. The most covered news of the day was Ethereum Shapella Running Stable as ETH Approaches Eight-Month High and $222 Million Ethereum (ETH) Entered Circulation After Unlock; pending withdrawals total $1.34 billion.(6) Community celebrates as update goes live on mainnet and price nears $2,000.(7)
Podcast of the Day: #1186 Darius Dale on Bitcoin Rally, Interest Rates, Inflation, & Banking Crisis | The Pomp Podcast
As the week came to a close on Friday the price of Bitcoin closed at $30,420.82 and the fear and greed index right about 68. The most covered news of the day was Bitrue Exchange Hacked for $23M: 200 Billion SHIB, Millions of QNT, GALA, MATIC.(7)
Podcast of the Day: SLP471 Bitcoin & Cryptosovereignty with Erik Cason | Stephan Livera Podcast
Bottom line: As I type Bitcoin is trading at $30,447.50 and for the week (M-F) Bitcoin lost $767.84. This bull run is 2 Legit 2 Quit. However, we are getting very close to overhead resistance at about $32K. If Bitcoin can gain power and break through with significant volume and remain above it for the next few week, I believe ATH will be in play. If it doesn't I believe we could be due for a significant pull back to $20K or so. My belief is to be in position no matter what happens I will be okay. Which means, have enough at play that it moves 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
BITCOIN
Bitcoin Holds Steady Near $30.5K, Ether Circles Around $2.1K. BTC price targets see $33K next as Bitcoin eyes key resistance flip. Bitcoin (BTC) up 40% Since Jim Cramer's 'Sell' Recommendation.
Bitcoin Is the 'Boring, Old Grandpa' Right Now Compared to Ether: Dexterity Capital Manager Partner. Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike.
ETHEREUM
Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token. Ethereum Validators Withdraw $620M ETH in Less Than 2 Days. Ethereum’s Shapella Upgrade Went Through Despite ‘Ridiculous Bug.’ Ethereum's pending withdrawals top $3 billion after 'bullish event,' Shapella.
ALTCOINS
Ripple (XRP) Bulls Pushing For $0.60, Can the Price Rally Continue? Ethereum Rival Solana (SOL) Officially Rolls Out New Crypto-Friendly Mobile Phone ‘Saga.’
LEGISLATION/REGULATION
House Committee Threatens SEC Over Missing Bankman-Fried Documents. SEC’s Hester Peirce Says Gensler’s Plan to Target DeFi Undermines First Amendment. Justice Department Sanctions Bitcoin Address Linked to Sinaloa Cartel.
LEGAL CASES
Celsius reportedly prepping litigation against creditor for leaking internal info. NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover. Pro-XRP Lawyer Warns of More Regulatory ‘Aggressiveness’ Against Crypto Industry if SEC Wins in Ripple Lawsuit. Mysten Labs buys back stake from FTX for $96 million. BitPay To Pay $1M to New York’s Financial Services Department. Do Kwon lawyers received $7 million before Terra collapse. Silk Road hacker sentenced for multibillion dollar bitcoin fraud.(4)
ATTACKS/HACKS/SCAMS
ConsenSys Reports Data Breach Affecting Over 7,000 MetaMask Users. Crypto phishing attacks up by 40% in one year: Kaspersky.
LISTEN
- #411: How OnRamp is Bringing Bitcoin Multisig to Financial Products with Michael Tanguma & Jesse Meyers | TFTC
- Sergey Nazarov on Why the World Needs a New Model of (Cryptographic) Trust | The Breakdown
- Crypto Bull Run: Ether Breaks $2,100, Bitcoin Over $31,000 | Week In Review | TWOAS
- The Failure of Central Banking with Matthew Mežinskis | What Bitcoin Did
- Weekly Roundup 04/14/23 (ETH unstaking, FedNow vs CBDCs, NYT on mining, FTX 2.0 gets closer) | On The Brink
- ROLLUP: ETH Staking Withdrawals | Shapella Upgrade | Arbitrum Governance Controversy | Bankless
