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Follow Dat Money | Crypto Projections
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Guess what day it is Folks? HUMPDAY! Yesterday, El Salvador named Saifedean Ammous as their Economic Advisor; the price of Bitcoin is currently at $27,086.35. The fear and greed index remains at 51 and the best performing asset for the past 24 hours is $XRP up 0.66%; in position #6. Let's get on to the news...which still isn't much.
Well it doesn't appear that Bitcoin will keep the rally going this month and will show it's first lost in months; in fact it's nearly $27K and might go back below it as well. Long-term holder spending is “seeking equilibrium,” Glassnode suggests — but nothing will be quiet for long. There’s nothing more bullish for Bitcoin and Gold than the government printing more money: Investment Strategist Luke Gromen. Economist Alex Krüger flips bullish on Bitcoin and Ethereum, says markets gearing up for bull run.
Sabre56 remains at the beginning stages of a planned seven-year strategy to shift its focus from consulting on bitcoin (BTC) mining projects to offering hosting services to industry firms. Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin.
Ethereum is facing significant selling pressure as investors are actively dropping their holdings. However, ‘Bitcoin Jesus’ Roger Ver says that Ethereum, not Bitcoin, will lead the most new users to crypto; maybe he is right because nearly $275 Million in Ether was burnt this month as it continues deflationary trend.
Massive XRP price surge adds $3 billion to its worth in a week and Millions of XRP moved to Bitstamp, sell-off imminent? Bollinger bands, are now suggesting that there’s a looming price “storm” ahead for the $DOGE. Deutsche Telekom, a leading telecommunications company on a global scale, announced today that it will become a validator on Polygon’s infrastructure.
Sebastien Guillemot, a Cardano Developer, reveals game-changing plans for Cardano and Milkomeda.
Binance is considering allowing traders to keep collateral at banks? Bitcoin fixes this. In addition, Binance is to delist privacy tokens in France, Italy, Spain, Poland and now Binance is laying off workers; reevaluating. Crypto.com now allows US users to spend over 30 coins on over 150 major brands.
Bitcoin policy advocates celebrated several victories in the recent quarter, including the success of Texas SB 1929, a pro-mining bill, and the defeat of Texas SB 1751, an anti-mining bill. VP of Research at Riot Platforms Pierre Rochard expressed gratitude to everyone involved, stating, "Texas will continue to be #Bitcoin country!" U.S. Sen. Elizabeth Warren calls for shutdown of Crypto funding for Fentanyl. Outside of the US, European banking authority wants to include Crypto in money laundering, terrorism guidelines.
Don't look now but the charges relating to Sam Bankman-Fried’s alleged bank fraud, operating an unlicensed money transmitter service and bribing Chinese officials may be dropped. The SEC suit alleged former Coinbase product manager Ishan Wahi and his brother used non-public knowledge to trade digital asset securities; has been settled.
Crypto Twitter left jaded after scammer pretends to have cancer to sell NFTs and be careful folks because the phishers are out there!
WATCH
LISTEN
Podcast of the Day: BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel | Bitcoin Fundamentals
Other Podcast
- Bitcoin's Solution To "The Inflation Paradox" | Jeff Booth | On The Margin
- MicroStrategy and Bitcoin Regulation w/ Andrew Kang | Bitcoin Magazine
- Immersion Cooling with CleanSpark | Taylor Monnig | The Mining Pod
