26 May: Eerily quiet

26 May: Eerily quiet

By theinspired | Inspiration | 26 May 2023


"Courage is fear holding on a minute longer."
 –George S. Patton

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It's Frriiiddaaayyyyy Folks! Yesterday, Ron DeSantis vowed to protect Bitcoin, Celsius got auctioned, and Bitcoin dipped; the price of Bitcoin is currently at $26,439.23. The fear and greed index pulled back to 49 and the best performing asset for the past 24 hours is $XRP up 0.34%; in position #6. Let's get on to the news...except to be honest, this is a slim as I've seen it. It's eerily quiet with the top 10 Crypto Assets and overall market; so this is a bit spooky to me.

Decision time is coming for Bitcoin, up or down; make a decision. JPMorgan believes that Bitcoin should be trading at $45K. There might be a supply shock coming to Ethereum, it's balance on exchanges have dropped to a 5-year low; Whales are accumulating.

CBDCs are coming no matter what we want as Visa, Microsoft and others join Brazilian CBDC pilot.

Looks like Institutional trading with DCG didnt' work out because they are pulling the plug on their trading platform TradeBlock. If you live in Australia you won't be able to trade ADA, XRP or MATIC on Binance with $AUD effective 1 Jun 2023; these all have low trading volume.

Finally the Ripple vs SEC case may be over in July.

Coinmint, the mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract and sues California technology firm Katena Computing and chipmaker DX Corrfor $23M.

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Podcast of the Day: SLP481 Can There Be a Bullish Case for Bitcoin Custodians? with Kemal (pretyflaco) | SLP

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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