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Top Performing Assets (24 Hours): $AVAX 6.57% | $SOL 4.97% | $BTC 3.67%
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It's Frriiddaayyy Folks! Bitcoin is trading up at $41,211.07. Now that JPMorgan says so - Bitcoin is going up? lol yeah no. Let's get on with the news...
SUMMARY
Yesterday, we found out that Tesla is still HODLing.(3) Today, apparently JPMorgan now understand Bitcoin better than anyone else. They are saying that the selling from GBTC is over and the market is ready to resume it's uptrend.(4) Do they know something we don't?
Chris Burniske is joining the chorus of those who are calling for a lower $BTC down to $20K; agreeing with Deutsche Bank.(2) Matrixport (Jihan Wu) think's it's headed to $36K along with Arthur Hayes. Meanwhile, Michael Saylor says $BTC will go to $10M and now Peter Schiff of all people is saying the same, but only if the US Dollar have a massive crisis.(3)
Folks still forecast $XRP going to double digits and I think they are smoking something, that will not happen anytime soon; it's basic math folks.
Binance.US can't operate in Florida or Alaska after CZ pled guilty.(2)
Celsius is about to return assets to creditors so they've moved over $1B in $ETH to CEXs. Ripple and the SEC continue to battle it out in court.
If you are playing around with NFTs and OpenSea beware of scams. Algorand CEO's X account has gotten hacked - when will people learn to put on 2FA on X?!(3)
MID MORNING
Is the worst actually over or can Crypto market still crash? The sentiment is looking like it's over and up from here. 90 days before the halving is a great time to Dollar Cost Average (DCA) your way in. Looks like Ether option trading volume has hit an all time high in January and the price is being to show it. Coinbase stock is looking very good - I wonder if Cathie Wood is upset she unwound so much of it.
JUST IN: BlackRock's Bitcoin ETF is the first to reach $2B in AUM.
WATCH
LISTEN
Podcast of the Day: When Will the GBTC Selling End!?! | The Breakdown
