"In the End, we will remember not the words of our enemies, but the silence of our friends."
-Martin Luther King, Jr.
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Happy Monday and MLK Jr. Day Folks! Bitcoin is trading flat at $42,544.26. Over the weekend the news was pretty chill. Congrats to the Chiefs, Texans, Packers and Lions for advancing in the playoffs!
Bitcoin has slipped under $43K as the market has shifted from greed to neutral;(2) a correction under $40K if the RSI technicals are correct showing divergence. So the sentiment now for Bitcoin is between $38K and $40K to be the bottom. $80B outflow since the ETFs were approved.
BlackRock just rolled out a new commercial and according to JPMorgan it appears significant capital from other Crypto products are flowing into the new Spot Bitcoin ETFs. Bitcoin is being used as a medium of exchange in an Argentinian town called Rosairo; a tenant is paying his landlord $100 in Bitcoin each month.
Ethereum has reached an 18-month high even with the pull back it recently experienced. That said, Celsius is due to sell a bunch of ETH to pay off debtors, will this tank the price? There was a $15B XRP hacking that was attempted but failed miserably.(3)
Never buy a Crypto wallet from an unofficial source and never send Michael Saylor Bitcoin, those videos are deep fakes. Alex Mashinsky is out on $40M bail and continue to fight his cases to get dismissed.
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Podcast of the Day: The New Normalcy of Trying A Little Bitcoin | The Breakdown