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Happy Saturday Folks! Last week we saw Bitcoin lose about $2000 and for a second it seemed like this were going to get bad; then this week happened. The best performing asset in the past 7 days was $SOL - up 9.26% and is in position #10 on Coinmarketcap.com. Last week the Fear and Greed Index was at 53 and today it's 64; this is the sweet spot it seems.
Most covered news this week was a three way tie:
- The Bitcoin Whitepaper getting removed from MacOS
- Bitcoin price getting back above $29K
- CFTC making the largest fine against a Bitcoin fraudster
The Podcast of the Week would have to go to The Wolf of All Street with Jeff Booth, Jameson Lopp and Dan Held talking about Bitcoin Only. Let's review the week shall we?
Monday the price of Bitcoin closed at $27,525.34 and the fear and greed index was 53. The most covered news of the day was Bitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says.(3) (Of course this is the same organization that said Bitcoin could go to $5K at the beginning of the year.)
Podcast of the Day: Bob Burnett: Satoshi's Heel | The Bitcoin Matrix
Tuesday the price of Bitcoin closed at $28,307.60 and the fear and greed index was 56. The most covered news of the day was Coinbase Asking for Court to Force SEC Response to 2022 Rulemaking Petition(5) and Voyager Digital Saying Binance.US Sent Letter Terminating $1B Asset Buy Deal.(5)
Podcast of the Day: Read_723 - Alchemy - Everything Divided By 21 Million [Knut Svanholm] | Bitcoin Audible
By Wednesday (Humpday) the price of Bitcoin closed at $28,422.70and the fear and greed index was 56. The most covered news of the day was Bitcoin Whitepaper to Be Removed in Next Apple MacBook Update.(6)
Podcast of the Day: Bitcoin Only With Jeff Booth, Jameson Lopp, Dan Held & others | TWOAS
Right over the hump on Thursday the price of Bitcoin closed at $29,473.79 and the fear and greed index was 56. The most covered news of the day was Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M.(6)
Podcast of the Day: Marco Santori and Kraken Fight Back | gm
As the week came to a close on Friday the price of Bitcoin closed at $29,284.79 and the fear and greed index right about 64. The most covered news of the day was CFTC Fines South African Forex Fraudster Cornelius Johannes Steynberg $3.4B in Its Largest Ever Bitcoin Case and won.(6)
Podcast of the Day: Buy A House With Bitcoin w/ Aaron and Tristan | Bitcoin Magazine
Bottom line: As I type Bitcoin is trading at $29,298.54 and for the week (M-F) Bitcoin gained $1,759.45. Last week as I looked at the chart it appeared it could have pulled back to about $26.5K but we never made it, $27K was about as low as $BTC was going to go and now the bull run resumes. Will it be able to break $30K next week? Not sure but according to FiboSwanny, we could see a $48K $BTC by the end of June. This would be inline with Carol Alexander who said $50K by Q3 or Q4 of this year.
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My belief continues to be that no matter what happens I will be okay. Which means, have enough at play to move the needle if the market pops, have some dry powder if it drops, and remain calm and move on if it goes sideways. 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
CRYPTO
The Biggest Crypto Predictions for May 2023. Crypto Adoption Accelerates as Visa and Mastercard Continue to Accept Industry.
BITCOIN
64,000 BTC Added by Bitcoin Whales to Holdings as Price Seeks to Reclaim $30K.
Opinion: Bitcoin To ‘Take Another Leg Up’ As Trillions Could Potentially Go Into Saving First Republic Bank: Arthur Hayes
STABLECOINS
Tether (USDT) Trades at a Premium Against US Dollar in April.
ALTCOINS
Ripple President Excited at XRP's On-Chain Volume Growth in Q1.
EXCHANGES
While Binance battles regulators, its $9 billion VC arm keeps growing.
LEGISLATION & REGULATION
The President Will Sign Crypto Legislation Within 12 Months: Cynthia Lummis, Patrick McHenry.
LEGAL CASES
Ripple Says SEC Suffered Setback in XRP Lawsuit, Predicts When Summary Judgment Will Be Delivered.
