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Happy Monday Folks! Today we observe Memorial Day here in the US. Memorial Day is a federal holiday in the United States for honoring and mourning the U.S. military personnel who died while serving in the United States Armed Forces. As a Veteran myself and in observance, I want to pause and remember those who are fallen..........................
Over the weekend, the news continued to be lackluster until news came that Congress and the White House had reached a deal to raise the debt ceiling $3.4T! That set off the Crypto market and crypto assets popped; as I predicted. The price of Bitcoin is currently at $27,933.34. The fear and greed index popped to 52 and the best performing asset for the past 24 hours is $BTC up 0.31%; in position #1. Let's get on to the news...
Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week (Cointelegraph):
- Debt ceiling deal nears Congress
- CME gap guides BTC price dip bets
- A new milestone for Bitcoin difficulty
- Hodl trend in "up only" mode
- MACD crossover may spark 50% gains
The CEO of the world’s largest crypto exchange by trading volume "Binance" CZ foresees a series of “successes” in the crypto industry in the next bull market.
Bitcoin rose above $28K but find itself once again under it this morning as short term holders have paper hands. Michael Saylor believes that Bitcoin could bring "cause and consequence into cyberspace." Someone transferred millions from an old Ethereum wallet. Solana (SOL) popped above $20 and could see massive upside in the future, according to VanEck Digital Assets Research. There is a good chance the next POTUS will be a Bitcoiner; however if the US keeps voting in the same old guys that will be a NO. What will it look like to custody your own money with 8B people onboarded to Bitcoin?
Meanwhile, countries are still grappling with if they should or should not launch a CBDC; Japan launch pilot after proof of concept. Russia just scrapped their plans for a national cryptocurrency exchange. Will Ledger Recovery service become defacto standard? Speaking of wallets, appears the EU is watching wallets and even that being the case - they are still much further ahead of the US. Gemini and bankrupt lender Genesis asks U.S. Court to dismiss SEC lawsuit targeting earn program.
Once again there really isn't much trending news but one story that is being covered a lot is Bali Governor believes that Crypto "payments" are illegal at resorts; Crypto itself is legal and tourist are unhappy.
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Podcast of the Day: The Revolutionary Impact of Bitcoin: A Conversation with Luke Broyles about the World's First Perfect Money | The Bitcoin Matrix
