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FOLLOW DAT MONEY! $1B
It's Saturday Folks! As the year comes to a close it appears Bitcoin will go out as a lamb; really quiet. While we've seen some big news this week, nothing earth shattering or anything that would strongly impact the price of $BTC. Let's recap the week, shall we?
Monday the price of Bitcoin closed at $16,439.68 and the sentiment followed the previous week as it saw the first bearish engulfing candle for the week. The most covered news of the day was SBF agreeing to be extradited back to the US. In addition, Grayscale signaled that they may return some capital to investors if GBTCs ETF dreams fail and Binance agreeing to purchase Voyager for at least $1B.
Podcast of the Day: SLP443 Conza - Clearing up Bitcoin Misconceptions | Stephan Livera
Tuesday the price of Bitcoin closed at $16,906.30 and the sentiment turned slightly positive as the Bank of Japan allowed benchmark bond yields to rise. The most covered news of the day was Bitcoin that belonged to QuadrigaCX were being moved and BlockFi indicating that some customers who were not getting yield on their assets might be able to pull them off the platform. In addition, Greenidge reached a debt restructuring deal with NYDIG as bankruptcy loomed.
Podcast of the Day: An Honest Look at Bitcoin & The Crypto Landscape with Haseeb Awan | The Charlie Shrem Show
By Wednesday (Humpday) the price of Bitcoin closed at $16,817.54 and the sentiment remained slightly positive with talk about the price rebounding to $18.4K. The most covered news of the day was Core Scientific filing for chapter 11 bankruptcy and peer-to-peer Crypto marketplace Paxful removing $ETH from its platform.
Podcast of the Day: Bitcoin Trusts, Inheritance Planning & Multi-Sig Custody with Matt McClintock and Paul Tarantino - December 20th, 2022 | Cafe Bitcoin
Right over the hump on Thursday the price of Bitcoin closed at $16,830.34 and the sentiment was turning bearish as Bitcoin dipped below $16.7K with a fresh BTC price "death cross." The most covered news of the day was Caroline Ellison getting a plea deal and SBFraud being released on a $250MM bail secured by his parents.
Podcast of the Day: Bitcoin, Privacy, Randomness, Security & Consensus Mechanisms with Matthew Niemerg | The Charlie Shrem Show
As the week came to a close on Friday the price of Bitcoin closed at $16,796.95 and the sentiment was a bit bullish as Bitcoin was poised to rally big-time on PCE release; but that didn't materialize. The most covered news of the day was Hong Kong legislator aiming to woo Web3 businesses through a startup accelerator.
Podcast of the Day: Crypto Thesis for 2023 | Ryan Selkis | Bankless
Bottom line folks is I will be excited to enjoy the Holidays with family and friends. One more week and we will close the chapter known as 2022 and start a new chapter in Bitcoin's history. As Mark Yusko says, "price is a liar and is noise." Only in looking back will any of this make sense so I continue to encourage each of you to remain patient with Bitcoin, I believe if you do you will be very excited about the outcome. If you didn't get a chance to check out my post yesterday on prepping for 2023, I encourage you and look forward to any thoughts you may have. Thanks again for reading, watching, and listening with me.
WEEKEND NEWS
- Four major cryptocurrency stories to track as we head toward the New Year (TB)
- The 5 most important regulatory developments for crypto in 2022 (Cointelegraph)
- Coinbase CEO on What a ‘Modern Day Howey Test for Cryptocurrency’ Might Look Like (Cryptoglobe)
- U.S. Senator Tester on Crypto: ‘I See No Reason Why This Stuff Should Exist’ (Cryptoglobe)
- DYOR Is The Breakout Crypto Term Of 2022 (BIC)
- 10 ideas to help demystify crypto myths with relatives during the holidays (Finbold)
- CZ addresses reasons behind Binance's recent FUD (Cointelegraph)
- BTC price levels to watch as Bitcoin limps into Christmas under $17K (Cointelegraph)
- BTC price foregoes Santa rally as Bitcoin volatility hits record low (Cointelegraph)
- The State of Bitcoin Development in 2022: NYDIG (CryptoPotato)
- Crypto is a nonexistent asset for big institutional investors - JPMorgan exec (Cointelegraph)
- Bitcoin mining companies close out year $4 billion in debt: Report (TB | BIC | Cointelegraph)
- Bitcoin mining hashrate plunges more than 30% amid America's big winter storm (TB | BIC)
- Billionaire Mark Cuban Says He Wants to Buy Bitcoin at Much Lower Prices (UToday)
- Litecoin Creator’s Brother Expects the Bear Market To Be Over ‘Certainly by Early 2025’ (Cryptoglobe)
- Bitcoin (BTC) & Ethereum (ETH) Minority Addresses' Amount Breaks Records (UToday)
- Ethereum Is Positioned to Outperform Bitcoin — Bloomberg’s Top Strategist Asserts (ZyCrypto)
- Ethereum Exchange Reserves Decline By More Than 30% In 2022 (Bitcoinist)
- Ethereum’s History: From Whitepaper to Hardforks and the ETH Merge (CryptoPotato)
- Most of Staked Ethereum (ETH) Handled By Only 4 Providers (UToday)
- XRP's Local Uptrend Is in Danger as It Reaches $0.35 (UToday)
- Crypto Sharks Are Heavily Accumulating Cardano, Taking Dip Buying of ADA to New Level: Analytics Firm (TDH)
- Nansen CEO Mocks Cardano Bros as ADA Underperforms SHIB (UToday)
- SBF’s Judge Steps Down, Cites Conflict of Interest (BIC | TB | Cointelegraph | CryptoPotato)
- FTX paid $12M retainer to a New York law firm before bankruptcy filing (Cointelegraph)
- Former Alameda CEO Admits to Using FTX Customer Deposits To Repay Loans on Risky Investments: Report (TDH)
- Sam Bankman-Fried found ‘chilling’ in JFK airport lounge on $250M bail bond (Cointelegraph | BIC)
- IRS Delays $600 Crypto Tax Threshold, Citing Need To Clarify Conditions Before Rollout (TDH)
