15 Jan: Greed to Neutral


"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

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TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


The Crypto Curator
The Crypto Curator

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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