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The Best Way To HODL Bitcoin

Happy Saturday Folks! Bitcoin and the other Digital Assets are still feeling pressure from the Fed and the traditional market's CPI report which tanked the price. However, this continues to present a buying opportunity for those who are working to stack sats. Bitcoin is currently trading around $19,866.00 (last week it was trading at $21,200.00) and I have a feeling we could see a large green candle this weekend or possibly next week. Let's recap the week shall we?

Monday the price of Bitcoin closed at $22,370.45 and the sentiment was cautiously optimistic; $21.7K was the key level. The Merge dominated the news cycle as Analyst continued to be mixed, some calling the bottom once again - while others continued to call for pull backs. The most covered news of the day was Starbucks offering NFT-based loyalty program using Polygon's Blockchain technology. 
POD: The Wolf Of All Streets: Crypto OG Dan Held Talks About Bitcoin

On Tuesday the price of Bitcoin closed at $20,296.71 and the sentiment quickly shifted negative as the CPI report number came out and it was NOT good; some even hinting that the Fed could announce a 200 basis point increase in an effort to control the hot inflation. Analyst continue to be mix but they all seems to be sticking to their guns, bulls are still bulls and bears are still bears. The most covered news of the day was Ethereum Fork EthereumPoW announced post-Merge launch plans and after the Merge it tanked hard.
POD: Unchained: How Traders Are Thinking About the Merge -- and a Potential ETHPoW Chain - Ep. 395

By Wednesday the price of Bitcoin closed at $20,241.09 and the sentiment was neutral awaiting The Merge. Analyst were mainly focused on Ethereum but Willy Woo also indicated that the bottom was not in. The most covered news of the day was South Korean court issued an arrest warrant against Terra’s Do Kwon. 
POD: The Pomp Podcast: #1089 Eric Satz On How To Retire Off Bitcoin & Crypto

Over the hump on Thursday the price of Bitcoin closed at $19,701.21 as the sentiment was negative all the way. Analysts turned bearish as the market continued to fall. The most covered news of the day was all about the much-awaited Ethereum Merge; ETH price dropped to $1,600.
POD: What Bitcoin Did: Building on Lightning with Ben Arc

Yesterday on Friday the price of Bitcoin closed at $19,772.58 as the sentiment seemed hopeful for a bounce or a relief rally. Analysts continued to be focused on Ethereum as Nigel Green believed it would help to drive the market higher. The most covered news of the day was Biden White House just put out a framework on regulating crypto which the overall Crypto industry did not like. 
POD: Unchained: Did the Merge Make Ethereum 'the Most Secure Blockchain in the World'?

At the end of the day folks, zoom out. It's easy to attempt to watch this market daily but when you zoom out and look at the price year over year of the building that is occurring or the shift in political sentiment - there is so much to be hopeful for and to look forward to. The halving is coming up in 2024 and with regulatory clarity more money that is on the sidelines is ready to move in. This is a great time to store up dry powder because if Bitcoin does revisit sub $15K wow! 

WEEKEND NEWS

Trending

• Mike McGlone: Market guru says Bitcoin to hit $100k after the current global macroeconomic winter (Finbold | BIC | TDH | CryptoPotato)

Other news

• Three momentous crypto stories from the past week (TB)
• Bitcoin (BTC) Gets Third-Ever Bullish Signal From These Two Moving Averages (BIC)
• Spoils Of The Merge: Bitcoin Proof Of Work Dominance Rises To 94% (Bitcoinist)
• Small Bitcoin ($BTC) Holder Number Hits New High as Sidelined Investors Move In (Cryptoglobe)
• Bitcoin Monthly Stats: Cost Basis, Long-Term Holders, And The Cyclical Bottom (NewsBTC)
• Here's How Much It Costs To 51% Attack Bitcoin (BTC) (UToday)
• Ethereum Whale Abruptly Moves Over $145,000,000 in ETH – Here’s Where the Crypto Is Going (TDH)
• Here's Major Flaw in Ethereum's Decentralization After Merge (UToday)
• El Salvador Likely to Default Due to Bitcoin Adoption But President Bukele Isn’t Giving Up (BIC)
• Why Celsius Investors Don’t Seem Upbeat Despite CEL Rallying 30% (NewsBTC)
• XRP Jumps 9% As Investors Expect Favorable Conclusion To The Ongoing Sec Vs Ripple Case (UToday | EWN)
• Cardano's Transaction Chaining Improves Network's Decentralization, Here's How (UToday)
• Cardano ($ADA) Surpasses 50 Million Transaction Milestone Ahead of Vasil Hard Fork (Cryptoglobe)
• “Savers Are Losers”, Invest in Bitcoin Says Rich Dad Poor Dad Author Robert Kiyosaki (EWN)
• Bitcoin Becomes More Relevant as “Real Inflation” Hits 16%, not 7%: “Rich Dad, Poor Dad” Author (UToday)
• Luke Gromen: Macroeconomist: Bitcoin can benefit the U.S. in creating an ‘economic boom’ (Finbold | Bitcoinist)
• Michael Saylor: Bitcoin better than physical property for commoners (Cointelegraph)
• Michael van de Poppe: Bitcoin Could Nuke if One Critical Support Level Crumbles, Says Top Crypto Strategist (TDH)
• Smart Contracter: Ethereum Pullback Is About to End, Says Crypto Trader Who Predicted 2018 Bitcoin Bottom – Next Month (TDH)
• Peter Brandt: Veteran Trader Warns Cardano Mimicking Bitcoin Pattern That Preceded BTC’s 50% Crash (TDH)
• Charles Hoskinson: Ethereum Becomes Hotel California of Crypto - “We All Just Prisoners Here”, the Song Goes (UToday)
• Andreessen Horowitz: Ethereum Merge Activation Has Five Major Effects (UToday) 
• CZ: Binance CEO praises Biden digital asset reports amid industry criticism (TB | BIC)
• FIVE FACTORS MAKING BITCOIN MINERS UNIQUE ENERGY CONSUMERS (BM)
• NEW MNEMONICS FOR MEMORIZING BITCOIN SEED PHRASES (BM)
• First Crypto Regulatory Framework Released By The White House, Here’s More About It! (Bitcoinist)
• White House OSTP department analyzes 18 CBDC design choices for the US (Cointelegraph)
• New DOJ Crypto Report Laser-Focused on Law Enforcement’s Role in Biden’s Crypto Framework (BIC | CryptoPotato)
• Golden cross vs. death cross explained (Cointelegraph)