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Follow Dat Money | Crypto Projections
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Happy Monday Folks! Bitcoin has had an amazing January, will it continue into February? Let's look at the news...
Most Covered News:
- Elon Musk wants Twitter payments system to accommodate Crypto: FT(5)
- Bitcoin price nears $24,000 mark – can bulls push $BTC To $25K This February?(3)
- South Korea to start tracking Crypto transactions in bid to crack down on money laundering.(3)
Retail traders’ returns are down by around 40% in 2022 and the market conditions have changed, with central banks raising interest rates. The number of new retail traders entering the crypto market has also slowed down. But, 82% of millionaires seek advice on crypto, study reveals.(3) However, Crypto market sentiment climbs to one-year high, approaches greed level.(2) Coinbase Exec says institutional investors still into Crypto post-FTX; as investors demand more than hype and real utility.
Investors pump money into Crypto funds amid pickup in market sentiment.(3) China will declare Crypto and Bitcoin a ‘legitimate form of wealth,’ Tron Founder Justin Sun claims. New taxes are coming in the US inflation reduction act.
Bulls are exhausted after fueling 47% Bitcoin ($BTC) price pump. Coinshares sees biggest inflows since July, primarily in bitcoin.(2) Bitcoin profitable 90% of trading history fueled by widespread adoption. Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears. Machine learning algorithm sets Bitcoin price for February 28, 2023: $24,342. However, Bitcoin slides after reaching highest level since August on Sunday and CME 'gap' lurks below $20K. Star Trek Legend William Shatner wants Bitcoin (BTC) to go to moon. “If El Salvador succeeds, every country will follow”, asserts President Bukele as Bitcoin’s price soars. Fed Watch: Bitcoin gives up weekend gains, analysts say not to worry. ‘Rich Dad Poor Dad’ Robert Kiyosaki author calls Bitcoin “priceless.”
Bitcoin premium hits 60% in Nigeria as country limits ATM cash withdrawals.(2) Bitcoin adoption of Guatemalan merchants grows one BTC tattoo at a time.
Bitcoin mining brings stability to grids, prevents renewable energy waste. Bitcoin mining revenue jumps up 50% to $23M in one month.(2) Bitcoin price boosts miners, as Hashrate climbs and difficulty touches new ATH.(2) Valkyrie Bitcoin miners ETF returns over 100% in 2023 as crypto market rallies. Bitcoin miner Gryphon releases operational update ahead of going public.
Best January since 2013? 5 things to know in Bitcoin this week (Cointelegraph):
- Bitcoin price eyes $24K with FOMC volatility predicted
- Macro hinges on Fed rate hike, Powell
- Index generates first “definitive buy signal” in 4 years
- BTC hodlers stay disciplined
- Sentiment "greediest" since $69,000
Deflationary Ether is underperforming Bitcoin. Ethereum usage climbs higher as $ETH hits 12-week high.(2) Ethereum adds 130,000 new unique addresses daily on average in 2023. Growth of Tether supply 'positive’ indicator for further Crypto gains. Binance Coin ($BNB) faces price plunge after bad news regarding SWIFT payments.
Massive Cardano demand wall could push $ADA price toward higher highs.(3) Cardano forms ‘crucial support area’ where 4.4 Billion $ADA were purchased. MyDogeCTO reveals new feature that can drive $DOGE price this week. Dogecoin soars as Elon Musk makes strides with Twitter payments.(3)
Binance partners with Mastercard to launch prepaid Crypto card in Brazil.(2)
Bill to make Bitcoin, Ethereum, Litecoin and Bitcoin Cash means of payments for state agencies hits New York. Philippines securities regulator seeks more authority to police the crypto industry.(3)
Grayscale slapped with another $GBTC lawsuit – This Time From Osprey.(3) New York regulator investigating Crypto exchange Gemini over FDIC claims.(3) Celsius faces backlash after unveiling dull recovery plan to exit bankruptcy. BlockFi's Crypto mining assets may be headed to market after bankruptcy hearing. Australian regulator had internally raised concerns on FTX.(2) FTX seeks to remove Turkish units from bankruptcy case. UK regulator investigates charity linked to FTX.(2)
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.
WATCH
LISTEN
Podcast of the Day: Top Republican lawmaker explains how Congress is warming up to crypto | The Scoop
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- 156 - Investing in Waves with Chris Burniske | Bankless
- #392: Resisting Online Surveillance with Viktor from IVPN | TFTC
- Luke Mikic: Is This Bull Run Bitcoin's Final Cycle? | The Bitcoin Matrix
- Wall Street Is Coming For Crypto | Gary Cardone | The Wolf of All Streets
- Julien Niset (Argent) on Improving Self Custody with Account Abstraction | On The Brink
