"It's hard to build momentum if you're dividing your attention."
–James Clear
Powered by LifeLine - The Power of Prevention
Follow Dat Money | Crypto Projections
READ
Happy Saturday Folks! Last week we saw Bitcoin lose about $100s but this week it's been a completely different story. The best performing asset in the past 7 days was $BNB - down only 3.23% and is in position #4 on Coinmarketcap.com. Last week the Fear and Greed Index was at 61 and today it's 53 so just as the price has been tanking so is the overall sentiment.
Most covered news this week was Bittrex getting charged by the SEC for unregistered operations and indicating that 6 tokens were securities. As we Follow Dat Money with one week left to get $1.2B has moved into Crypto projects and assets. Let's review the week shall we?
Monday the price of Bitcoin closed at $29,445.04 and the fear and greed index was 69. The most covered news of the day was
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical(5) and Stablecoin Bill is an ‘Extraordinary Moment For the Future of Dollar,’ Says Circle CEO Jeremy Allaire.(5)
Podcast of the Day: Gary Leland: Fatherhood, Bitcoin & Life | Bitcoin Matrix
Tuesday the price of Bitcoin closed at $30,397.55 and the fear and greed index was 58. The most covered news of the day was
Bittrex founder to customers in SEC filing: ‘Go f*** yourself.’(8)
Podcast of the Day: The Sovereign Debt Bubble with Luke Gromen | What Bitcoin Did
By Wednesday (Humpday) the price of Bitcoin closed at $28,822.68 and the fear and greed index was 63. The most covered news of the day was Russian Central Bank Considering Use of Cryptocurrencies in International Settlements.(5)
Podcast of the Day: Bullish On Crypto And AI With Raoul Pal, Bill Barhydt, Mark Yusko, Mike McGlone | TWOAS
Right over the hump on Thursday the price of Bitcoin closed at $28,245.99 and the fear and greed index was 52. The most covered news of the day was Coinbase Expands To Bermuda, Eyes Abu Dhabi And Derivatives.(6)
Podcast of the Day: Scaling Bitcoin Privacy with Calle | What Bitcoin Did
As the week came to a close on Friday the price of Bitcoin closed at $27,276.91 and the fear and greed index right about 50. The most covered news of the day was Gemini has 'big plans' for Asia, names regional CEO, opening India office.(4)
Podcast of the Day: Is Bitcoin A Safe Haven? DeFi Wins Over CeFi | Live Panel With Aya Kantorovich, Steven McClurg, Matthew Sigel, and Matt Hougan | TWOAS
Bottom line: As I type Bitcoin is trading at $27,242.44 and for the week (M-F) Bitcoin lost $2,168.13. Since Bitcoin couldn't breakthrough $32K the pull back has begun. The question many are starting to ask is how far will this pull back take $BTC? Looking at a weekly chart, we could see it pull back to about $26.5K and resume it's run or pull back further to about $23.5K or complete disaster below $20K meaning that the bears were right.
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
Canada’s Largest Pension Fund to Stay Away From Crypto After Writing off FTX Investment. Successful Strategies for Maximizing Returns During Bitcoin Price Drops. Gemini to Launch Perpetuals Exchange With BTC/GUSD Pair, but There's Caveat. How to Copy Michael Saylor and Create Your Own Bitcoin Lightning Email Address. Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint. Ethereum Price Drop May Offer a Golden Opportunity. Ethereum after Shapella: Developers make progress on Cancun-Deneb. USDT Market Share Is Surging Even as Washington Scoffs. XRP Price Loses Key Support in Market-Wide Slump, Here's What Might Come Next. Analyzing the XRP Price Dip and Exploring Ripple’s European Expansion Opportunities. Ethereum (ETH) Rival Solana (SOL) Rolls Out New Carbon Emissions Dashboard To Track Environmental Footprint.
Trust Wallet Users Lose $170,000 to Vulnerability. Scottish Woman to Sell Her House After Losing Almost $200K in Crypto Scam.
