Upcoming US CPI Casts Shadow Over Weak Overall Markets

$BTC 24 Hour High $19,525.00 / Low $18,950.01 | $BTC -2.3 Past 24 hours; -2.9% Past 7 days 7 days, making it a deflationary currency after the merge. Bitcoin’s mining difficulty reached another new all time high. Binance says they’re still committed to invest $500m for Elon Musk’s acquisition of Twitter.  Macro, Equities & Commodities  … Continued

Crypto Markets Going Sideways Still Looks to Outperform Equities

$BTC 24 Hour High $19,557.23 / Low $19,328.71 | $BTC +0.7 Past 24 hours; +2.3% Past 7 days Lack of price actions in crypto markets continues, while Ethereum continues to underperform other tokens as Kraken described that “the honeymoon period is over” after the merge. Visa has partnered with FTX to offer crypto debit cards … Continued

Markets Hope for Policies Easing after CCP Congress in Less than 10 Days

$BTC 24 Hour High $20,408.39 / Low $19,900.09 | $BTC -1.0% Past 24 hours; +2.6% Past 7 days Crypto markets once again continue to move sideways with no clear directions. BNB chain confirmed an on-chain exploit that over 100m was stolen. The EU bans all crypto assets, accounts and custody services belonging to Russia.  Macro, … Continued

Market Sentiments Slightly Improved Over a Quiet Day

$BTC 24 Hour High $20,349.95 / Low $19,801.80 | $BTC +0.6% Past 24 hours; +4.5% Past 7 days Very little changes in the crypto market in the last 24 hours. The fear and greed index improved from “extreme fear” to “fear” for the first time in 3 weeks. Bitcoin hashrate reaches a new all-time high … Continued

Strong 2-day Rally in the US; Twitter Deal is Back on the Table

$BTC 24 Hour High $20,380.34 / Low $19,523 | $BTC +3.0% Past 24 hours; +5.6% Past 7 days Cryptomarkets benefit from slightly weaker dollar and good equity markets upturn. Bitcoin reclaimed 20k level while the crypto market capitalization reclaimed 1 trillion mark. The Biden administration urges Congress to pass laws to clear up cryptocurrency regulations.  … Continued