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Follow Dat Money | Crypto Projections
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Happy Saturday Folks! Last week crap was hitting the fan as the banks were failing, Bitcoin was maintaining above $20K as USDC was depegging; Fear and Greed index was at 33. What a difference a week makes eh? Bitcoin is now running 24/7 for 10 years with zero downtime.
The best performing asset in the past 7 days is $BTC believe it or not - up 35%; ranked #1 on Coinmarketcap.com; it's been a while since the King of Crypto has taken this spot. Fear and Greed Index is a whopping 64. Most covered news this week was Binance buying up $1B in Crypto and the price of Bitcoin smashing past $26K and Podcast of the Week is Unchained. Let's review the week shall we?
Monday the price of Bitcoin closed at $24,197.53 and the fear and greed index was 49. The most covered news of the day was Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap; Delivers Blow to Crypto Bears.(9)
Podcast of the Day: Should You Self-Custody Your Crypto? | Jameson Lopp, Casa | TWOAS
Tuesday the price of Bitcoin closed at $24,746.07 and the fear and greed index was 56. The most covered news of the day was Bitcoin Smashes Past $26K as Inflation Held Steady in February; 9 Month High.(9)
Podcast of the Day: Read_710 - The Future Geopolitical Order and Bitcoin, Part 1 [Matthew Pines] | Bitcoin Audible
By Wednesday (Humpday) the price of Bitcoin closed at $24,375.96 and the fear and greed index was 50. The most covered news of the day was Bitcoin Falls Back To $24,000 After Briefly Topping $26K; 4 signs it's done for now or not.(6)
Podcast of the Day: BTC121: Bank Failures & Bitcoin w/ Steven McClurg | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $25,052.79 and the fear and greed index was 52. The most covered news of the day was Ethereum's next big upgrade Shanghai (aka Shapella) expected to hit mainnet on April 12.(7)
Podcast of the Day: Is Credit Suisse the Next Banking Domino? | The Breakdown
As the week came to a close on Friday the price of Bitcoin closed at $27,423.93 and the fear and greed index right about 51. The most covered news of the day was Bitcoin Tops $26,000 as Market Sentiment Turns Risk-On and $28K is the next target; 9 Month High with $150M in Liquidations.(8)
Podcast of the Day: Jim Bianco on Why the Banking System Has Always Been Broken | Unchained
Bottom line: As I type Bitcoin is trading at $27,521.96 and for the week (M-F) Bitcoin gained $3,226.40. We've not seen this kind of price movement in Bitcoin for a while. Many times you hear people talking about the Black Swan events, it turns out bank failures is a White Swan event for Bitcoin. On my show this week, I previewed the market sentiment and it was overwhelming bullish and I hope you make time to watch, subscribe, like and ring the bell. 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
From Binance to Uniswap, Trust and Integrity Will Drive Crypto Forward in 2023. Diversified set of guardians required for safe self-custody: Vitalik Buterin.(2) Microsoft reportedly testing Edge browser Web3 wallet integration.(3) World’s largest asset manager BlackRock is exploring ‘tokenization of stocks.’
Bitcoin is now running 24/7 for 10 years with zero downtime. Bitcoin Price Nears $28,000 As BTC Hurtles To Its Highest Level Since June.(2) Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B. As $BTC Surges Over 10%, Gemini CEO Tyler Winklevoss Asks ‘30k Bitcoin by the End of the Weekend?’ However, Bitcoin Profit-Taking Transfers Spike As BTC Breaks $27,000. Ethereum supply drops by 66,000 ETH in 2023 making it deflationary. Ethereum Whales Stockpile Over $6 Billion in $ETH While Whales Keep Dumping, Data Shows.
Binance Swaps BUSD for USDT and TUSD in Secure Asset Fund. BNB Whales Dump Millions of BUSD Amid Stablecoin Market Shake Up.
Binance's response to U.S. Senators lacks financial information.
LESSON: What are the Howey test and its implications for cryptocurrency?
Sam Bankman-Fried to propose revised bail package ‘by next week.’ FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy.(2) BitGo to Pursue Legal Action Against Fireblocks for Reputational Damage.
Euler Finance hacker starts returning $5.4M in stolen Ether.(2)
