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Follow Dat Money | Crypto Projections
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Happy Saturday Folks! Last week we saw Bitcoin gain over $3K and the price was heading toward $28 as the week was coming to a close; Fear and Greed index was about 64 and the bank failure news was really pumping the asset class. This week was no different as Bitcoin continue to push even in face of the 25 bps rate hike but the Fed sounded a bit dovish due to the bank failures.
The best performing asset in the past 7 days is $XRP believe it or not - up 16%; ranked #6 on Coinmarketcap.com. Fear and Greed Index remains the same as last Saturday a whopping 64. Most covered news this week was is the SECs bold attempt to come after Coinhbase, one of the most compliant and regulated exchanges in the industry. Podcast of the Week is The Wolf of All Streets with KC Chohan. Let's review the week shall we?
Monday the price of Bitcoin closed at $27,767.24 and the fear and greed index was 66. The most covered news of the day was Bitcoin hits $28K as uncertainty surrounds banks with fear and greed hitting 16 month high; exercise caution.(7)
Podcast of the Day: How Rich People Avoid Paying Taxes | KC Chohan, Founder & CEO of Together CFO | TWOAS
Tuesday the price of Bitcoin closed at $28,175.82 and the fear and greed index was 68. The most covered news of the day was
‘No Intention of Keeping What Is Not Ours;’ Willing to Return All Stolen Funds, Euler Finance Hacker Says(4) and Coinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals.(4)
Podcast of the Day: Bitcoin Policy Institute - Can States Kill Bitcoin? | Bitcoin Magazine
By Wednesday (Humpday) the price of Bitcoin closed at $27,307.44 and the fear and greed index was 62. The most covered news of the day was XRP shoots 20% in 24 hours as optimism around SEC case grows.(6)
Podcast of the Day: The US Treasury May Need Private Stable Coins w/ Matthew Pines | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $28,333.97 and the fear and greed index was 57. The most covered news of the day was Coinbase could face SEC enforcement action for 'potential violations of securities law'; community fired up.(9)
Podcast of the Day: Arthur Hayes Says, “Get your Bitcoin, and Get Out!” | Bankless
As the week came to a close on Friday the price of Bitcoin closed at $27,493.29 and the fear and greed index right about 61. The most covered news of the day was Binance Temporarily Suspends Spot Trading; Bitcoin Dumps $700 Immediately(5) and Do Kwon faces fraud charges from US prosecutors hours after arrest.(5)
Podcast of the Day: Are More People Buying Bitcoin? Live Panel With Noelle Acheson, Eowyn Chen & Haider Rafique | TWOAS
Bottom line: As I type Bitcoin is trading at $27,490.39 and for the week (M-F) Bitcoin lost $273.95. Basically it remained flat for a week which isn't bad giving all the crap that is going down right now. There was a news article this week that said if you were DCAing since ATH you would be up 10%. So, 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
Pro-Ripple Lawyer Reacts to Imminent $5 Trillion Buying Pressure for Risk Assets.
Can Bitcoin reach $1 million in 90 days? Expert analyzes Balaji’s forecast.(2) Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?
Bitcoin Liquidity Hits 10-Month Low Amid US Banking Crisis and Bitcoin Edges Below $28K as Investors Weigh Deutsche Bank Contagion Fears. Bitcoin liquidations vanish as trader hopes $30K will hit before dip. Bitcoin Hashrate Hits 400 EH/s As Miners Profit From Bull Market. Venezuela shuts down crypto mining facilities, exchanges amid corruption probe.
OPINION: Bitcoin Was a Winner During the U.S. Banking Crisis, but Illiquidity Prevents It From Being a USD Hedge. deVere Group CEO Nigel Green: Bitcoin Rises Amid Banking Crisis and Money Printing, Becoming a Safe Haven.(2) Ex-Coinbase former CTO Balaji S. Claims US Dollar is No Longer Too Big to Fail, Touts Bitcoin. Tim Draper recommends founders hold ’at least’ two payrolls ‘worth of cash’ in crypto.
XRP targets $0.50 after bullish weekly upside sprint; What’s next? Ripple (XRP) Social Mentions Surge as Price Reaches 4-Month High. XRP Buyback Frontman Offers to Create Bank, Ex-Ripple Official Alerts Scam. Upcoming Dogecoin ($DOGE) Upgrade Brings Exciting New Features and Enhancements for Users. Dogecoin (DOGE) Community Debunks Claims of Vulnerability Putting Billions of Funds at Risk.
Fujitsu interested in crypto trading services, trademark application reveals. What Is Bitcoin’s Role in the Global Banking Crisis? G7 nations to call for stricter oversight of cryptocurrency markets.
OPINION: ‘US has left a vacuum that other countries are eager to fill’: Coinbase. Where the U.S. Government Went Wrong in Regulating Crypto. You may owe taxes on your crypto investments — here are 3 things to know.
LESSON: What is fiscal policy, and why does it matter?
Do Kwon to reportedly appeal against court’s decision to extend detention.
Euler hacker returns 58,737 ether worth about $102 million.(3) Here’s How Scammers Adapted to Crypto Winter. Mumbai Woman Loses $30K in Crypto Scam to Man She Met on Matrimonial Site.
