Bitcoin drops but manages to stay above $ 30,000

Bitcoin has created a bearish candlestick pattern.

BTC is probably moving within a descending triangle.

There is resistance at $ 32,800.

After hitting a new all-time high on January 3, Bitcoin (BTC) fell the next day, creating two bearish daily candlesticks in a row.

Bitcoin is expected to descend below its near-term figure and decline towards the support areas shown below.

Bitcoin rally runs out of steam

After hitting a record high of $ 34,789 on January 3, BTC price stagnated the next day, falling to a low of $ 28,130. That said, it did manage to create a long top wick (indicated by a green arrow below) before closing at $ 31,988.

While the top wick is a bullish sign, the candlestick is not. So far, BTC has created two bearish candlesticks: a shooting star on January 3, and a hangman figure on January 4. These are two patterns normally seen as signs of a bearish reversal.

Despite the bearish candlesticks, technical indicators do not yet confirm the bearish reversal. The MACD generated a lower volume bar in today’s data but has yet to hit a close. Additionally, the Stochastic Oscillator has yet to form a bearish cross, and the RSI has also not moved below 70.

If a downward move occurs, the three closest support levels would be at $ 25,230, $ 22,290 and $ 19,340 (fibonacci retracement levels 0.382, 0.5 and 0.618). In addition to matching fibonacci levels, the areas at $ 22,290 and $ 19,340 also provide horizontal support.

The two hour chart also provides a somewhat bearish outlook

First of all, we can see that BTC is possibly moving within a descending triangle, which is considered a bullish reversal pattern.

Next, BTC appears to have passed that pattern overnight on January 4, but suffered a rejection from resistance at $ 32,800 (red arrow). The previous advance would therefore have been only a deviation.

So as long as BTC fails to break through and then regain minor resistance at $ 32,800, the trend is considered to be down and expected to descend.

A decline that would cross the entire height of the figure would bring the BTC down to $ 25,240, close to the Fibonacci level 0.382 in the previous section.

3 Ways to Explain Bitcoin at New Year’s Eve

Family Meal Survival Guide – Bitcoin, Bitcoin…

It’s a great invention from Satoshi Nakamoto. But how do you formalize this „great“ side to your family? If the question „but what exactly is Bitmachin? is the question „What exactly is Bitmachin?“, don’t worry about the holiday meals, don’t stress! Here are a few cartridges in advance to prepare your argument.

A decentralized, universal and fast currency

Since its inception in 2009, Bitcoin and its network have strived to be completely independent of banks and states. This is made possible in particular by its blockchain. Behind this somewhat strange word is a distributed registry: a kind of account book of transactions, common and accessible to everyone, everywhere around the planet.

Anyone can thus check the reality of spending from such accounts to such accounts (in a pseudonymous way). It is impossible to cheat, since the false register would be different from all the others.

The validation of transactions is done by a network of specialized computers, via computer calculations called mining.

Wherever you and your recipient are on the planet, your transaction will be validated in about ten minutes (this is different from bank transfers), directly over the counter, without going through an expensive intermediary, such as a bank or PayPal.
A safe haven: digital gold

Bitcoin is also increasingly seen as a store of value. This means that, like gold, it will at least maintain or even improve its purchasing power over time.

Indeed, like the gold metal, Bitcoin is rare. Only a small quantity is produced, which cannot be increased. This production even decreases regularly (about every 4 years), which makes Bitcoin deflationary on principle.

Moreover, the maximum amount of Bitcoin has already been set in its computer code. There will only be 21 million in total, and not one more.

Protection against inflation of state currencies

These characteristics make Bitcoin an ideal defense against the so-called fiduciary currencies, i.e. all the currencies issued by countries (the dollar, euro, …), which are based on the sole trust in these countries to repay their debt.

Since Bitcoin does not depend on the goodwill of a government or central bank, it is impossible to print it at will. It is precisely these massive monetary impressions that have caused (and still cause today, see Venezuela) hyperinflation.

When it is slight, inflation is a disguised form of devaluation of a fiduciary currency. But in the case of hyperinflation, it is the entire economic system of a country that can collapse, with a national currency that is no longer worth anything.

This is why large companies listed on Wall Street (such as MicroStrategy) and investment funds (such as Grayscale) are beginning to take an interest and invest in Bitcoin: to protect themselves from a depreciation of the dollar.

So many good reasons for your guests to take a closer look at the strange cryptography that is Bitcoin. Even if its technology may not be easy to understand at first contact, come and discover its revolutionary and exciting qualities first!

El boom del DeFi y el Bitcoin se posicionan como NEXO para cerrar el 2020 con una ganancia del 480%.

Bitcoin es actualmente el centro de atención, pero los inversores inteligentes también han notado que Nexo Token ha subido un 480% en los últimos 3 meses.

En los últimos tres meses NEXO token, el activo nativo de la plataforma de préstamos basados en cadenas de bloques de Nexo, ha aumentado en más del 480%. Desde que Bitcoin (BTC) cotizó por 10.000 dólares, el precio de NEXO ha seguido de cerca a BTC pero el rendimiento es algo deslucido cuando se compara con los 1000% que se han visto de un puñado de tokens DeFi.

El proyecto fue revelado inicialmente por el grupo europeo FinTech Credissimo a finales de 2017 y afirmó que ofrecería „los primeros préstamos instantáneos con respaldo criptográfico del mundo“.

Fundada por los empleados de Cresissimo Antoni Trenchev, Georgi Shulev y Kosta Kantchev, el propósito original de la plataforma era proporcionar a los inversores en criptografía una forma de pedir prestado contra el valor de sus activos criptográficos en lugar de vender sus activos y crear un evento imponible.

Originalmente, Nexo planeaba lanzar una preventa pública y una venta principal simbólica, pero esos planes se cancelaron debido a la demanda excesivamente elevada de su venta privada a los inversores.

NEXO siguió una trayectoria similar a la de la mayoría de los proyectos que se lanzaron a finales de 2017 y principios de 2018, a medida que se desarrollaba el ciclo de promoción de Bitcoin. El valor del token aumentó de alrededor de 0,10 dólares cuando llegó a las bolsas a más de 0,40 dólares en mayo de 2018 antes de que la realidad del cripto invernal se estableciera y el precio de Nexo cayera hasta 0,045 dólares en septiembre de 2018.

La innovación parece estar impulsando la acción de precios de Nexo
A finales de octubre, mientras Bitcoin se preparaba para salir del rango de 10.000 a 12.000 dólares, Nexo lanzó su iniciativa ‚Nexonomics‘ para ayudar a impulsar la adopción de su ficha y plataforma. La idea era introducir progresivamente mejoras y nuevas características en la plataforma hasta finales de 2020 para ayudar a impulsar la tokenómica y promover la utilidad del token.

El equipo también introdujo su programa „Gane en NEXO“ que permite a los usuarios ganar un 2% extra de APY si optan por que todos los intereses ganados sean pagados en NEXO.

Desde el lanzamiento de Nexonomics, el precio de NEXO ha experimentado un aumento de más del 480% con su capitalización de mercado que ha pasado de 68 millones de dólares a su valor actual de 383 millones de dólares en un período de tres meses.

Durante ese tiempo Nexo también ha visto un aumento significativo en el volumen de operaciones, pasando de un volumen de operaciones promedio diario de alrededor de 5 millones de dólares a su volumen actual de más de 30 millones de dólares.

Los tokens Nexo y DeFi buscan montar la onda de Bitcoin más alto

A medida que el mercado criptográfico se dirige hacia las últimas semanas de 2020 con Bitcoin alcanzando sucesivamente nuevos máximos históricos, Nexo parece estar bien posicionado para mantener las recientes ganancias y posiblemente subir más si hay un renovado interés en las plataformas DeFi.

En los últimos 6 meses, un número de grandes instituciones han abierto importantes posiciones en Bitcoin y el FOMO que rodea a Crypto podría dar lugar a que proyectos como Nexo reciban una atención extra debido al nicho que ocupan y al interés fiable que ofrecen en los depósitos.

Los puntos de vista y opiniones expresados aquí son únicamente los del autor y no reflejan necesariamente los puntos de vista de Cada movimiento de inversión y comercio implica un riesgo, usted debe llevar a cabo su propia investigación al tomar una decisión.

US authorities miss out on $400,000 worth of forks from Bitcoin

Coinfirm, a blockchain analysis company that also deals with anti-money laundering (AML) solutions, has discovered that the US authorities‘ ‚ignorance‘ and ‚ignorance‘ have allowed millions of dollars of Bitcoin’s (BTC’s) forks to slip through their fingers in recent years.

They have reportedly failed to identify millions of dollars of crypt currency in seizures.

Money from Bitcoin forks

In a report, the company states that criminals still have these ‚missed funds‘ at their disposal. As long as the criminal himself still has the private key somewhere, they still have access to the coins of a fork.

Imagine the following situation: the police picked up a suspect in early 2017 for money laundering with Bitcoin (BTC). As a result, the crypt currency has been confiscated. On 1 August of that year, however, the notorious hard fork took place, creating Bitcoin Cash.

By splitting the blockchain, two coins were created: Bitcoin (BTC) and Bitcoin Cash (BCH). If you had 0.123 BTC at the time of the fork, you automatically got 0.123 BCH as well. At that time, those free coins were worth about 20% of the original BTC coins.

The police services could have confiscated the original coins, but according to Coinfirm the Bitcoin Cycle Scam would never have looked at these forks.

Missed opportunity

According to a self-funded study carried out by the company, government agencies may have missed about $400,000 in the recent $1 billion Bitcoin seizure of a Silk Road pallet.

The US Department of Justice (DOJ) announced on 5 November that it had seized more than $1 billion in stolen Bitcoin from an anonymous user called ‚Individual X‘.

According to the report, the same private key also belongs to it:

  • $310,000 by 693,701 Bitcoin Diamond;
  • $66,000 by 693,70 Super Bitcoin;
  • $11,000 by 693,70 Bitcoin Private.

Reclaim fork

Coinfirm introduced a special new service in October to help customers get their fork tokens. The new service is called ‚Reclaim Fork‘.

Commenting on the recent development, Pawel Kuskowski, CEO and co-founder of Coinfirm said the following:

„We believe that customer protection and market integrity are crucial to the valuation of the crypto market. Forks have been an unaddressed gap in the market so far. We are proud to release this latest product as we are confident it will be of great benefit to the blockchain community“.

EBay slår seg sammen med Crypto-appen Lolli foran Black Friday

  • Online auksjonsmarked, eBay, har gått sammen med en kryptobetalingsapp, Lolli.
  • Partnerskapet vil tillate brukere å bruke Lolli til å betale for varer med Bitcoin, og tjene 1% tilbake i prosessen.
  • Flyttingen kom bare to dager før Black Friday, og med resten av høytiden nærmer seg.

Den største online auksjonsmarkedet, eBay, går sammen med en kryptohopping-app, Lolli, for å gi Bitcoin-belønninger. Belønningen vil være tilgjengelig for alle 127 millioner eBay-brukere, og den nye integrasjonen kommer akkurat i tide til vinterferien.

Hvordan vil brukere dra nytte av partnerskapet

I følge en kunngjøring fra Lolli i går, 25. november, gikk shoppingappen sammen med eBay for å integrere Bitcoin og muliggjøre en spesiell ny funksjonalitet. Kunngjøringen avslører at alle som bruker Bitcoin for eBay-betalinger, vil kunne tjene tilbake 1% i BTC når de handler på eBay.

Flyttingen har to mål – å bringe kryptobetalinger til den elektroniske markedet, men også å øke bevisstheten om kryptoindustrien.

Lollis medstifter og administrerende direktør, Alex Adelman, uttalte at selskapet er stolt av å samarbeide med eBay og gjøre Bitcoin mer tilgjengelig for brukere. Bortsett fra å tilby muligheten til å bruke BTC for å foreta betalinger, har selskapet også som mål å utdanne seg om kryptovalutaer, og bidra til å presse adopsjon.

Firmaets CTO, Matt Senter, kommenterte også og bemerket at firmaet er stolt av å samarbeide med eBay like før shoppingsesongen rundt høytiden, som Black Friday og Cyber ​​Monday. Spesielt siden det forventes at online-salg knyttet til de to vil overstige 22 milliarder dollar i 2020.

Lolli tillater allerede brukere å tjene Bitcoin eller kontanter når de handler med over 1000 partnerbutikker, hvorav noen er ganske store aktører. Nå har eBay sluttet seg til rekkene av nettbutikker der dette vil være mulig. I mellomtiden fortsetter Bitcoin selv å tiltrekke seg oppmerksomhet, siden prisen har steget med 160% på et YTD-diagram.

Bloomberg lists 5 optimistic Bitcoin price trends despite the „Thanksgiving drop

Bloomberg praises the density and liquidity of the market, agreeing that conditions are much better now than during the Bitcoin boom of 2017.

Bloomberg lists 5 optimistic Bitcoin price trends despite „Thanksgiving“ Market News

Bitcoin (BTC) continues to convert some of the most severe critics of traditional finance, with Bloomberg admitting that this bullish market is nothing like 2017.

In an article published on November 27, Blommberg, known for its pessimism, highlighted a series of Bitcoin metrics pointing to an optimistic future – despite a $3,000 price drop on Thursday.

Bloomberg: Bitcoin market „much more liquid
Included as evidence were the record number of open Bitcoin futures contracts, the portfolio number above zero, the hash rate and the lack of correlation between Bitcoin and other macro assets.

„Just look at the technical aspects of the market and Wall Street’s growing acceptance of the world’s largest digital currency,“ he began.

„And while negotiations are not always smooth, the $315 billion digital currency is much denser and more liquid than during the last boom in 2017.
Bloomberg referred to what it describes as „stubborn by cryptomorphs“ that reject the idea that current price gains are another bubble. Among them was Cointelegraph’s regular contributor, Mati Greenspan.

„It’s different now,“ he said.

„The last time we saw Bitcoin’s price get so high, the blockchain was about to collapse, but the network has improved since then“.
Meanwhile, a separate interview for Bloomberg TV on Friday saw Antoni Trenchev, CEO of the world’s largest cryptomotic lender, Nexo, predict that Bitcoin will reach a new all-time record by the end of 2020, he added:

„The narrative of digital gold is stronger than ever. If Bitcoin captures just 10% of the total capitalisation of the gold market, we will be at $50,000 very fast. ”

Bloomberg highlights Bitcoin’s open futures contracts among its bullish signals. Source: Bloomberg
BTC’s macro performance smothers that of gold
The lack of criticism in the article echoes the growing acceptance of Bitcoin as a genuine asset, whether the investment interest comes from retail or institutional circles.

Part of the positive image of cryptomeda stems from its growth over the past eight months compared to the March fall, during which it consistently outperformed other macro assets. Even after its decline to $17,000, Bitcoin’s accumulated returns for the year are 135%, up from 19% for gold and 12% for the S&P 500, confirm the data from the analytical resource Skew.

In the case of gold, Mike McGlone, Bloomberg Intelligence’s chief strategist who has long diverged from the larger narrative and become totally optimistic about Bitcoin, believes that institutions will continue to accumulate cryptomoeda in the future.

„Is Bitcoin replacing gold? Futures and cash flows are saying yes – The increase in open futures contracts and investor entries into Bitcoin versus the same decline for gold indicates that cryptomoeda is gaining a price advantage, in our opinion,“ he said earlier this week.

McGlone later added that gold would likely see a recovery next year, with the precious metal „favorably inclined“ to recover $2,000.

„Dipping into the support layers at the end of November should provide a basis for further gains in the price of gold,“ he wrote on Friday.

Ergo lanciert Oracle-Lösung für Cardano (ADA)

Ergo lanciert Oracle-Lösung für Cardano (ADA) zur Förderung der Interoperabilität

Ergo (ERG) hat die Einführung einer Orakel-Lösung für das Cardano (ADA)-Ökosystem angekündigt. Die Firma behauptet, dass ihre Orakel-Pools eine neue Herangehensweise an Orakel darstellen und die Schaffung neuer Arten von dApps ermöglichen, so ein Blog-Beitrag vom 9. November 2020.

Ergo vertieft Partnerschaft mit Emurgo

Im vergangenen Juni schloss Emurgo, eines der Unternehmen, das für die Cardano-Blockkette (ADA) verantwortlich ist, eine strategische Partnerschaft mit der Ergo-Plattform, um hochfunktionale, auf dezentralisierte Finanzen (DeFi) ausgerichtete Lösungen zu entwickeln.

Nun scheint es, dass die Allianz begonnen hat, die bei Bitcoin System gewünschten Ergebnisse für beide Parteien zu erzielen, da Ergo, eine von ehemaligen IOHK-Ingenieuren entwickelte Plattform, eine Orakel-Lösung für die Cardano-Blockkette enthüllt hat.

Wie in ihrem Blog-Beitrag erwähnt, basiert die neue Orakel-Lösung für Cardano auf dem erweiterten UTXO-Modell von Ergo und wird Daten direkt aus ihren (Ergo’s) Orakel-Pools über so genannte tx-Metadaten in das verteilte Cardano-Ledger stellen.

Für die Uneingeweihten sind Orakel einfach Dienste von Drittanbietern, die Informationen aus der Außenwelt an intelligente Verträge weiterleiten sollen. Ergo behauptet, dass seine Orakel bereits von einem der Betreiber von Cardano’s Stack-Pools verwendet werden, da sie zahlreiche Vorteile gegenüber anderen Modellen haben und sie auch die Schaffung neuer Arten von dezentralisierten Anwendungen (dApps) ermöglichen.

Ergo schrieb:

„Eines der Orakel von Cardano nutzt die von den Orakelpools von Ergo bereitgestellten Daten. Marek, ein Betreiber des Cardano Stake Pool, hat eine einfache Lösung für Cardano entwickelt. Informationen aus dem Ergo-Orakel werden über tx-Metadaten an das Cardano-Netzwerk gesendet.

Förderung der Interoperabilität

Ergo sagt, dass die neuen Orakel ein solides Fundament für die Interoperabilität zwischen Cardano und der Ergo-Blockkette legen werden, da beide Plattformen nun die gleiche Datenquelle über die gleichen digitalen Assets nutzen.

Für die Zukunft plant das Team nach eigenen Angaben, die derzeitige Funktionalität seiner Orakel zu erweitern und möglicherweise komplexe DeFi-Lösungen wie die Ergo-Cardano-Atom-Swaps zu schaffen, bei denen kettenübergreifende Liquiditätspools und die Preisgestaltung durch gegenseitig vereinbarte Orakel-Daten entschieden werden.

Cardano bleibt eines der aktivsten Blockkettenprojekte, die derzeit existieren. Wie BTCManager am 8. Oktober 2020 berichtete, hat die Cardano-Stiftung Einzelheiten ihrer Delegationsmethodik für interessierte Betreiber von Einsatzpools veröffentlicht.

Yearn.Finance (YFI) podría caer a 15.000 dólares „si“ Bitcoin trae a Crypto

Yearn.Finance (YFI) es una de las criptodivisas de las que más se habla en 2020, tanto por su escasa oferta de 30.000 fichas como por el milagroso aumento de su precio a más de 1 BTC de valor.

Sin embargo, el token DeFi podría caer a 15.000 dólares o más si Bitcoin Era hace caer el resto del mercado de la criptografía.

Yearn.Finance, otros tokens DeFi en riesgo de ser arrastrados por BTC

Todas las criptodivisas están en hielo delgado en este momento, observando y esperando en el viento por cualquier activo criptográfico superior que Bitcoin y Ethereum decidan hacer a continuación.

Hasta ahora, Bitcoin se ha mantenido fuerte por encima de los 10.000 dólares en su tramo más largo, pero no ha sido capaz de establecer un máximo más alto desde el pico de 2019. El riesgo de un mínimo más bajo sigue siendo una nube oscura que pende sobre el mercado y que puede finalmente apagar las ardientes llamas de la tendencia del DeFi.

Los tokens de DeFi son los que ayudaron al mercado criptográfico a levantarse de los mínimos del mercado bajista e incluso de la carnicería del Jueves Negro. El crecimiento de estos símbolos, como Yearn.Finance (YFI), ha superado fácilmente a otros activos criptográficos importantes como los mencionados anteriormente.

El YFI pasó de la nada a ser mucho más valioso que incluso la cripto-moneda de mayor rango y el activo más dominante del mercado, Bitcoin.

Pero ahora corre el riesgo de caer a la par de Bitcoin, si la cripto-moneda líder por capitalización de mercado decide caer más.

YFI Head And Shoulders podría confirmar si Bitcoin y Ethereum derriban el mercado

El precio de Bitcoin arrastrando el resto del mercado criptográfico, los tokens DeFi como Yearn.Finance incluidos, YFI podría completar un patrón gráfico de cabeza y hombros que haría que el precio cayera en picado hacia los 15.000 dólares o menos. Pero sólo „si“ Bitcoin cae en picado, según un analista de criptografía.

La altura total de la cabeza de la estructura, desde el escote hasta el pico, es aproximadamente un 50% de aumento. Una caída del 50%, como apunta la regla de la medida, llevaría a Yearn.Finance de vuelta a 11.000 dólares por ficha de YFI.

Como se muestra arriba, sin embargo, el hombro derecho está actualmente incompleto y requeriría más presión de venta a la baja por parte de los osos. Pero después de una caída tan sustancial ya, y un bajo suministro de sólo 30.000 YFI, no se sabe lo que puede pasar si Bitcoin y Ethereum se dan la vuelta en su lugar.

La demanda volvería a crecer en el espacio del DeFi, y activos como Yearn.Finance volverían a arder con una acción positiva de los precios. Si esto ocurre, debido a lo limitada que es la oferta de la ficha, la dinámica de la demanda tomará el control y llevará los precios a nuevos máximos.

Por lo tanto, si bien es ciertamente peligroso considerar que el DeFi se encuentra de repente a horcajadas en una línea delgada, comprar aquí podría traer beneficios por encima del resto.

Kraken prevê consolidação de baixo bitcoin em setembro

O desempenho do Bitcoin se tornou uma fonte de interesse, particularmente após uma corrida em alta mantida durante as últimas semanas. Entretanto, a Kraken, uma das principais bolsas do setor, lançou alguns sinais ameaçadores para a principal moeda criptográfica ao começarmos a arredondar o ano.

Um mês historicamente horrível

Esta semana, o Kraken publicou seu relatório de volatilidade de agosto de 2020. A troca explicou que o Bitcoin teria muito provavelmente um mês difícil em setembro, embora isto o preparará para um retorno mais forte para encerrar o ano.

A Kraken observou especificamente que setembro tem sido historicamente o mês de pior desempenho da Bitcoin. O retorno médio para o mês desde que o ativo foi criado foi de -7 por cento. A troca também apontou que o ativo teve um desempenho inferior a sua média de retornos na maioria dos meses deste ano, e, seguindo por registros históricos, setembro será muito pior do que os outros.

Em meio a esta desvantagem, Kraken explicou que ainda há muita esperança no futuro. A troca observou que a oferta de Bitcoin mal saiu de seus níveis recordes em mais de um ano – uma dinâmica que historicamente precedeu um mercado de touros.

„Doze vezes no passado, a volatilidade anualizada da Bitcoin atingiu o fundo entre 15% e 30% antes de subir, em média, para 140% e retornar +196% em 94 dias. A partir do final de agosto, 38 dias se passaram desde a baixa volatilidade de 23% estabelecida em 24 de julho, com a volatilidade aumentando para 44% e o preço ganhando +25%“, analisou o relatório.

Inverter para o dólar

O relatório do Kraken está chegando em meio a temores de que Bitcoin possa estar escorregando em território de baixa novamente. O ativo tem estado em lágrimas recentemente, quebrando a marca de 12.000 dólares várias vezes em agosto. O desempenho do ativo veio na parte de trás do dólar, o que levou a inúmeros golpes devido ao coronavírus e ao aumento do número de desempregados.

Na semana passada, a Reserva Federal disse que permitiria que a inflação subisse acima do limite planejado de dois por cento. Só esse anúncio fez com que o Bitcoin aumentasse ainda mais. Ainda assim, isto foi em meio a um deslize suspeito que colocou os investidores no limite. Eventualmente, a Bitcoin veria muitos US$ 9.800 durante o fim de semana.

O fraco desempenho da Bitcoin continuou até esta semana, com o ativo vendo um preço baixo de 9.900 dólares várias vezes ontem. Embora o ativo tenha conseguido aumentar em 1,68% e cruzar a marca de 10.000 dólares mais uma vez, os investidores começam a duvidar mais uma vez de sua confiabilidade.

A Kraken também não é a única agência a relatar uma possível consolidação inferior. Willy Woo, um analista de mercado na cadeia, tweeted recentemente que a perspectiva a curto prazo da Bitcoin é um pouco „instável“. Entretanto, como Kraken, Woo também previu que as perspectivas de médio e longo prazo do ativo são fortes.

Muitos atribuem a queda ao aumento da confiança no dólar, que vem mostrando ganhos constantes. O ouro, outro ativo alternativo que ganhou significativamente com a queda do dólar, também caiu na semana passada.

Edward Meir, um analista da ED&F Man Capital Markets, disse à CNBC que a reversão da fortuna foi o fortalecimento do dólar, que por sua vez foi impulsionado pelo aumento dos empregos na manufatura. Como a economia americana – e o greenback- continua a sair do buraco do coronavírus, esta tendência deve continuar.

Bitcoin price slump colors the market red – Altcoins bleed even more

The Bitcoin (BTC) price has fallen sharply and is recording great losses. The Bitcoin course quickly lost value. This is also known as a BTC dump. The picture shows a crumbling Bitcoin price on a descending price graph.

The Bitcoin course had to suffer a major setback today. Just this morning the BTC price was around $ 10,970. But the magical 11,000 USD limit could not be broken. This has led to a strong sell-off, which not only hit the Bitcoin price itself, but above all all Altcoins.

Bitcoin price influenced by the stock market

The bloodbath is back and all cryptocurrencies are falling. The quiet weeks have now come to an end and have resulted in The Bitcoin price plummeted by more than 6% within a few hours. As always, the losers were the altcoins, which had to contend with losses of up to 50%.

The BTC rate is not testing the USD 11,000 limit for the first time. But this time other factors were also the reason for the strong sell-off. The stock market also suffered a slump today and also tore the Bitcoin price down. So the correlation between the BTC price and the major indices still seems to exist.

BTC price tears down altcoins

Because all Altcoins depend on the Bitcoin price and have fallen much more on average, Bitcoin dominance on Coinmarketcap has also increased. the BTC price is still the clock for the entire market and nothing seems to be changing. When panic breaks out, the money from all altcoins flows faster than from bitcoin. This has always been the case and there is no reason why this should change in the future. The Bitcoin course is the law in cryptospace.

Now the question arises whether it will stay with this dump or whether we have to reckon with another sale. Many people say that there is still a future gap at USD 9,600 that has to be closed before things can go up again. On the other hand, the traditional market is currently also giving the direction and this is currently on a downward trend.

The first cryptocurrency is still becoming increasingly popular

Nevertheless, it doesn’t look bad for the Bitcoin price in the long term. The first companies are exchanging their fiat reserves for BTC in order to save themselves from the impending inflation. The first cryptocurrency is not only becoming more and more popular with private investors, but is slowly becoming a recognized financial product for institutional investors.

The last Halvings was a few months ago and the impact of the halved inflation rate is not yet fully visible in the market. This can take a few months or years before the market feels the shortage. There will be another halving as early as 2024, making Bitcoin officially the hardest asset – even harder than gold.

In theory, this would make BTC a better store of value than gold. But it will probably be a few more years before people really understand Bitcoin and look beyond the Bitcoin price. Until then, we will continue to be accompanied by highly volatile times and will not leave the many investors in peace.

We hope that the sale will come to an end soon and will closely follow the situation for you. Stay tuned.

Investing in Bitcoin is easy and straightforward

In particular, newcomers to the field of cryptocurrencies attach great importance to a high level of convenience. In the beginning, setting up Bitcoin wallets and manually sending BTC can be daunting. In such a case, it makes sense to start with a reliable, regulated broker who can give you

trading with leverage (2x),
entering into long and short positions,
Deposits via PayPal,
sending real bitcoins to your wallet and
enables the use of a wide range of trading tools,
without downloading any software.