"The greatest remedy for anger is delay."
–Lucius Annaeus Seneca
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Happy Saturday Folks! Last week the market was freaking out about the massive drop we had in the price of Bitcoin; we've stablized. As I type Bitcoin is trading at $25,984.03 and for the week (M-F) Bitcoin was down $84.70; week over week it's down $95.13. The best performing asset in the past 7 days was again $TRX - up 4.89% in position #10 on Coinmarketcap.com. Last week the Fear and Greed Index was at 39 and today it's 38; still in Fear
This weekend recap is a bit limited since I am currently on travel but more to come later...
Thanks for reading, watching, and listening with me each and every week!
THE WEEDS
Monday the price of Bitcoin closed at $26,043.90 and the most covered news of the day was about CBDCs and Stablecoins. It appears a lot of countries are using the XRP ledger to launch a CBDC, PayPal's PSYUSD Stablecoin got a lot of attention. and Coinbase acquiring a stake in Circle. Lastly, six new blockchains will integrate USDC. We can be certain more regulation is coming for Stablecoins and CBDCs.
Podcast of the day: Why Big Money is Betting on Crypto Again | Gavin Michael, Bakkt | TWOAS
Tuesday the price of Bitcoin closed at $26,003.70 and the most covered news of the day was about Friend.Tech and how everyone is now making a lot of money on the platform. Will this turn out any different than BitClout? Only time will tell but I've decided it's a no for me.
Podcast of the Day: The Republican Party's crypto candidate explains why the tech matters | The Scoop
By Wednesday (Humpday) the price of Bitcoin closed at $26,432.20 and the most covered news of the day was all about legal cases and attacks/hacks/scams. Brad Garlinghouse and Chris Larsen are not out of the woods with the SEC, SBF can get out of jail to see his lawyers which is a joke, BlockFi says it's creditors are the real victims, and Roman Storm was arrested. It appears North Koren was trying to move 40M in stolen Bitcoin and scammers seem to be running rampant.
Podcast of the Day: BTC144: Bitcoin and Macro Mastermind 3Q 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg | BF
Right over the hump on Thursday the price of Bitcoin closed at $26,094.80 and the most covered news of the day was Dan Morehead making his prediction that Bitcion would end the year at $50K and top out at $148K this bull run; time will tell.
Podcast of the Day: WSJ Says Binance Facing Trouble Over Sanctions Violations | The Break Down
As the week came to a close on Friday the price of Bitcoin closed at $26,088.40 and the most covered news of the day was Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds
Podcast of the Day: N/A
