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FOLLOW DAT MONEY! $5.5B

ANALYZING CYCLES WITH FIBOSWANNY

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Guess what day it is? Humpday! Bitcoin has decided to put some pep in it's step as it has rallied up above the 100 day SMA on the 4 hr chart but is it a dead cat bounce?  I believe it needs to cross back above $17.5 and close above that for a few days and then $20K comes into play; keep your eyes on Fiboswanny's video above. While Litecoin isn't in the top 10, it's popped up into the top 20 as a result of $1T flowing in due to the upcoming halving.

Most covered news of the day is New York Governor signing a PoW mining moratorium (which is silly) banning mining; bad move on their part. In addition, El Salvador is considering making a law for more Crypto assets and kicking off the Bitcoin Volcano Bond; news of that died off as the price of Bitcoin tanked.  

I want to wish each of you a Happy Thanksgiving (wherever you are celebrating it) and I will most likely still publish a little something before I stuff my face and watch my Cowboys play the Giants! 

WATCH

LISTEN

Podcast of the Day: Finding Bitcoin Signal with Jeff Booth | What Bitcoin Did

THE WEEDS

CRYPTO MARKET

• Institutional investors are buying through crypto winter: Survey (Cointelegraph | BIC)
• Crypto Crash 2022 vs. 2008 Financial Crisis: How Can the Industry Turn Itself Around? (BIC)
• US Sen. Elizabeth Warren says crypto will ruin economy — Community responds (Cointelegraph)
• New York AG pushes prohibition of crypto purchases via retirement funds (Cointelegraph)

BITCOIN

     Pricing

• Bitcoin records massive volume spike; End of bear market in sight? (Finbold | Decrypt)
• Bitcoin must break this resistance level to ‘fast candle towards’ $18,000 (Finbold)
• Bitcoin may need $1B more on-chain losses before new BTC price bottom (Cointelegraph)
• Bargain hunters turn to Bitcoin after it hit a 2-year low; Can BTC regain $17,000? (Finbold)
• Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry (Cointelegraph)
• Bitcoin Jumps Briefly After Fed Minutes Show Officials Favor Slower Rate Hikes (Coindesk | Coindesk)

     Acceptance/Adoption

• Central banks can use Bitcoin to fight off sanctions: Harvard research (Cointelegraph)

     Notable Voices

• Michael Saylor: ‘Bitcoin Must Be Understood As Something Outside This Crypto Industry’ (Cryptoglobe)
• Bitcoin Might Reach $149K After Next Halving Cycle: Pantera Capital (UToday)

     Mining

• New York governor signs PoW mining moratorium into law (UToday | Cointelegraph | Bitcoinist | TB | ZyCrypto | BIC)
• Core Scientific in 'substantial doubt' of continuing without more cash (Cointelegraph)

     El Salvador

• El Salvador lawmakers to consider regulation for issuing digital assets (TB | BIC | Decrypt)
• El Salvador Sets Basis For Bitcoin Volcano Bonds With New Draft Law (Bitcoinist | Cointelegraph | BM)

     Attacks/Hacks/Scams

• Bitcoin Wallet of the Failed BTC-e Exchange Wakes Up (Coindesk)

ETHEREUM

• Ethereum Whales Accumulate $1,000,000,000 Worth of ETH in Just One Day: Analytics Firm Santiment (TDH | NewsBTC)
• Ethereum Price Scores Bullish Moves, Can ETH Sustain This Recovery? (NewsBTC)
• Crypto awakening: Researcher explains ETH exodus from exchanges (Cointelegraph)
• Ethereum engineers roll out staking withdrawal devnet (EWN)

XRP

• SEC v. XRP: Settlement Is Possible as Commission May Not Want to Risk It All, Lawyer Considers (UToday | NewsBTC)

CARDANO

• Cardano launches Plutus DApp resource page for developers (Finbold)
• Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek (UToday)

LITECOIN

• $LTC: What the Crypto Community Thinks About Litecoin’s Impressive Pump (Cryptoglobe)
• $1 billion inflows into Litecoin in a day; LTC to hit $100? (Finbold)
• Litecoin Price Jumps Above $80 as Whales Buy $43.4 Million in LTC (BIC | Bitcoinist)
• Litecoin must close November above this price level to confirm new uptrend (Finbold)

LEGAL BATTLES

• XRP Lawsuit: Good Chance SEC Will Settle With Ripple To Avoid Exposing Hinman Documents, Says Legal Expert (ZyCrypto)

ATTACKS/HACKS/SCAMS

• Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky (Cointelegraph)
• Hacker steals $42 million from Fenbushi Capital partner Bo Shen (TB)

FTX FIASCO

• A Bizarre Fairy Tale: The Story Behind Sam Bankman-Fried and Caroline Ellison (BIC)
• Streaming Giants Fight to Get FTX Saga Movie Rights (BIC)
• Bankman-Fried explains why FTX collapsed in new letter to employees (TB)
• SBF Letter to Staff: ‘Maybe Still a Chance to Save FTX’ - he's deeply sorry (BIC | Cointelegraph)
• SEC facing rising scrutiny after FTX’s epic implosion  (TB)
• VC Firm Sequoia Capital Reportedly Apologizes for Investing in FTX (Cryptoglobe)
• Genesis / DCG: All Cool Again? Bitcoin Investors Should Be Cautions (NewsBTC)
• Genesis calls in restructuring expert in its fight to avoid bankruptcy (Cointelegraph)
• Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors (Coindesk)
• MAS Explains Reasons for Not Alerting Local Users About FTX (CryptoPotato)
• FTX collapse triggers second thoughts on Busan City’s crypto exchange plans (Cointelegraph)
• FTX Japan Says Client Funds Withdrawal Possible Before 2022 Ends (Bitcoinist)
• Bankruptcy filing reveals China was FTX’s largest client after island tax havens (Finbold)
• Alameda-Backed Crypto Trading Firm 3Commas Says It’s Pretty Sure It Wasn’t Breached (Coindesk)
• US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law' (Cointelegraph | Coindesk)
• Celebrity Athletes Tom Brady and Steph Curry in More FTX Hot Water (BIC)