Bitcoin
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-6.99%

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0.06%

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-9.17%

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Portfolios Reviews & Comments for March 2024

Rebalancing is the key Know1tAll March 12, 2021
Altcoins are showing less impressive positive dynamics, however, the entire market as a whole is in the green zone, in sharp contrast to what happened last March, when the markets were selling out in panic due to fears around a new virus. It is this missed moment that investors are most sorry for right now, as March 2020 was the last moment to buy Bitcoin and other coins at incredibly low prices compared to current levels. The DeFi token Uniswap (UNI) also demonstrates a strong positive momentum, reflecting the overall success of decentralized financial applications. At the moment, the coin entered the TOP-10 cryptocurrencies, ranking 8th with a capitalization of $ 17 billion. The total amount of blocked funds in the DeFi sector is $ 39 billion. In the long term, this market shows constant growth. In just one year, the DeFi market has grown by over 4,000%. It is likely that such decentralized financial applications, in the face of constant tightening of control in the traditional market, will become another important part of the cryptocurrency foundation.
Top Development Platforms RealSatoshi March 11, 2021
It is very likely that in the medium term, large companies will make decisions about investing not only in Bitcoin, but also in some of the leading alternative cryptocurrencies, which will only reinforce the positive attitude towards the sector. Nevertheless, so far we see that very few companies publicly report on the purchase of Bitcoin, and we are not talking about huge investments, but at this stage there may be enough informational reasons.
Safety in diversity AlwaysInGreen March 10, 2021
Traders are raising targets above $ 70,000 with bitcoin's capitalization recovered to $ 1 trillion. Analyst Preston Pisch points out that the MACD indicator crosses the signal line upwards on the daily chart, which is usually considered a buy signal. Bitcoin continues to rank first in terms of profitability in the weekly reports of Goldman Sachs. For the first time, cryptocurrency was included in them at the end of January. By the time the latest report was released on March 4, bitcoin's growth since the beginning of the year was 70%, which is double the next energy sector.
Well-balanced cryptoportfolio RealSatoshi March 9, 2021
The positive dynamics of Bitcoin supported the entire altcoin market. The leading alternative cryptocurrency Ethereum (ETH) shows an increase of 5% per day and is traded at about $ 1,750. ETH jumped an impressive 22% over the week. Thus, we saw that there is unrealized purchasing potential in the market. Even more positive is the fact that bargain hunters found the price level around $ 1,300 to be acceptable to boost shopping.
Why bitcoin right now? RealSatoshi March 8, 2021
The market is at a crossroads. The total market capitalization for the week grew very slightly: from $1,410 billion to $1,444 billion. And the Crypto Fear & Greed Index left the neutral zone (55) again and headed towards the overbought zone, reaching 77 points out of 100 possible.
The more - the merrier l00k$_1ntere$1ng March 8, 2021
User activity is growing. The trading volume on cryptocurrency exchanges in February exceeded $1 trillion. Such numbers were achieved for the first time in history, according to experts. Even during the first bitcoin rally, the trading volume reached only $650 billion. According to experts of the analytical platform Block Research, large investors prefer to carry out transactions from one account to another through third-party services. Therefore, the real number of transactions can even be twice the official amount. However, not everything is as rosy as it seems at first glance. We already wrote that regulators can (and most likely will) become the main problem for digital assets in 2021. According to analyst Sven Henrich, the head of the USA Ministry of Finance janet Yellen has actually declared war on bitcoin. Her announcement led to a massive profit taking by the whales on February 21-23, and a sharp 23% drop in bitcoin quotes. And now the North American Association of Securities Administrators (NASAA) has published an annual list of the most dangerous financial products, calling cryptocurrencies the top investment risk this year.
Top Development Platforms AlwaysInGreen March 7, 2021
There is good news for the bulls: Bitcoin hasn't dropped below $43,000. But there is good news for the bears too: Bitcoin has not gone above $52,000. Having drawn a sinusoid, the BTC/USD chart returned on the afternoon of Friday, March 05 to where it started seven days ago. The question of whether this is a correction or the beginning of a new "crypto-winter" remains open.
Top performers Know1tAll March 6, 2021
The news background looks quite controversial as well. Leading payment systems such as Mastercard, Visa and PayPal are playing on the side of the bulls, seeking to attract the "crypto generation". Skrill and Neteller are doing the same. The Opera browser has been enriched with new algorithms that will allow users to perform transactions with many popular cryptocurrencies. Another Opera feature would be creating a digital wallet without going to third-party sites. Such a giant as Google also turned to cryptocurrencies: the Google Finance platform added a tab for monitoring the prices of digital assets.
Rebalancing is the key AlwaysInGreen March 5, 2021
A Glassnode study found that only 4 million BTC are in free float on the market. The third halving in the Bitcoin network, which happened in May 2020, halved the miners' reward for the mined block from 12.5 BTC to 6.25 BTC. This further exacerbates the shortage of coins in the market, while businesses have begun to actively invest in Bitcoin, and the largest payment applications, including PayPal and Square, have added the ability for their users to buy and sell digital assets. Market participants continue to monitor Bitcoin addresses that have been idle for a long time. Analysts concluded that every time the old coins move, it coincides with a market correction. Now 1,000 BTC have been moved, which have been motionless since 2010. Thus, in combination with what is happening in the traditional market, we may well see a new immersion in Bitcoin and the entire crypto market as a whole.
Top performers Julius_Irwin March 5, 2021
After an impressive rebound in Bitcoin and overcoming $ 50K, crypto market participants will look forward to further growth and struggle for new highs above $ 58K. In case of successful overcoming of this level, the road to the establishment of a new historical maximum is opened for the reference cryptocurrency. Probably, if the resistance level is successfully overcome, we can see the testing of $ 60K.
Top performers App Promo March 4, 2021
MicroStrategy has become one of the largest leveraged buyers of bitcoin. Not even on the attracted capital, but on unsecured bills of exchange with yield tending to zero. The company itself is nothing more than a gasket for financial engineering and stock transactions of more serious individuals and companies, suggests Sergey Kalinin, a representative of the Kuna crypto exchange. Digging deeper reveals even more interesting details. These details suggest that we are dealing with a financial scheme, not an investment. Who could pull off such a combination? To do this, take a look at MicroStrategy's list of holders of securities. Among the main ones are the largest investment funds and banks: Blackrock, Morgan Stanley, Vanguard, JPMorgan.
Top by market capitalization Binary_Organism March 4, 2021
MicroStrategy quickly burst into the life of the bitcoin industry last year when it began buying up the first cryptocurrency. What could be behind MicroStrategy's big Bitcoin boost? Recently, the information space has exponentially increased the number of enthusiastic opinions regarding the "massive arrival of institutions" in bitcoin. MicroStrategy, Tesla, Square became financial news headliners. The software provider and public company MicroStrategy acquired first with its own and then with borrowed funds - 90 859 BTC. Many see this as a forward-looking bet on the scarce properties of bitcoin and praise the investment acumen of Michael Saylor.
Top by market capitalization Julius_Irwin March 3, 2021
Once upon a time, the correlation of traditional and cryptocurrency markets caused rejection and rejection among Bitcoin supporters. However, the situation has completely changed in just a few years. Now what is happening in the stock market is directly linked to the prospects for BTC and the entire crypto market.
Bullish on Bitcoin Know1tAll March 3, 2021
The rollback may not be over yet. The biggest risk for Bitcoin in the short term is associated with the decline in the US and global stock markets. Once upon a time, the correlation of traditional and cryptocurrency markets caused rejection and rejection among Bitcoin supporters. However, the situation has completely changed in just a few years. Now what is happening in the stock market is directly linked to the prospects for BTC and the entire crypto market.
Why bitcoin right now? l00k$_1ntere$1ng March 2, 2021
Greed and fear index for Bitcoin and the largest cryptocurrencies can also speak in favor of greater caution, which since last week fell by 56 points to a value of “38”, which corresponds to the “fear” regime. Once upon a time, the correlation of traditional and cryptocurrency markets caused rejection and rejection among Bitcoin supporters. However, the situation has completely turned around in just a few years. Now what is happening in the stock market is directly linked to the prospects for Bitcoin and the entire crypto market. The growth in the yield of ten-year American bonds provokes the closure of positions, which immediately affects the crypto market. For the party to continue, both markets desperately need good news. Bitcoin needs the next Elon Musk, and the stock market needs the promise of a long, non-stop printing press. There are no guarantees in either case.
Top performers Terra Crypto March 1, 2021
It looks like the hard times will not end for Ripple. One of the world's largest money transfer services, MoneyGram, refused to use the product based on the XRP token due to the claims of the US Securities and Exchange Commission (SEC) against Ripple. Against the backdrop of SEC claims, in addition to MoneyGram, Coinbase and OKCoin, Galaxy Digital, Bitstamp, B2C2, eToro and Kraken have already refused to support the XRP token. Asset management company Grayscale Investments announced the liquidation of an XRP-based investment trust, and 21Shares has removed the Ripple token from its exchange-traded products. As a result, the Ripple lost up to 45% of its value last week, and the XRP/USD pair was trading at $0.42 on the evening of February 26.
Well-balanced cryptoportfolio Casual Millionaire February 28, 2021
The popularity and prominence of cryptocurrencies continues to grow. According to BDCenter Digital, 12 out of 100 Twitter posts are about cryptocurrency. In just the week of February 7-14, Twitter users mentioned bitcoin over 675,000 times. The last record was set on January 10, when the weekly number of posts mentioning bitcoin reached 576,000. In total, the number of cryptocurrency users has stepped over 200 million people from more than 150 countries.
Safety in diversity Crypto_Bro February 27, 2021
The fall in bitcoin could also have been facilitated by the fall in global indexes of technology companies and the beginning of large-scale vaccinations against coronavirus, but the main thing is the position of the US Government. According to Bloomberg, against the background of the decline in the bitcoin rate, the head of Tesla and SpaceX, Elon Musk, lost the first place in the ranking of the richest people on the planet. Tesla shares fell by 8.6%, as a result of which Musk lost $15.2 billion. At the same time, the fall in bitcoin, according to Bloomberg, may be partly due to the statement of Musk himself, who called the prices of cryptocurrencies too high. It is not for nothing that they say that a word is silver, and silence is gold.
Top performers $uppport&re$1$tance February 26, 2021
If Bitcoin, Ether and a dozen other leading altcoins can be bought in the long term, then you need to be extra careful with the rest of the coins. So, Ethereum, due to the advantages of the platform, was able to overcome the historical maximum, while many stars of 2017, including ZCash (ZEC), were unable to overcome the attraction, remaining very far from their historical maximums. Now they are sold out along with the entire market, and have significantly less chance of recovery.
Top by market capitalization AlwaysInGreen February 26, 2021
Glassnode analysts concluded that bitcoin whales have begun to sell their assets. In February, 140K BTC worth $ 6.7 billion were sold. The blockchain shows that coins are set in motion on wallets that have been dormant for more than 10 years. MicroStrategy's recent purchase of another billion dollars of bitcoins is unlikely to stop the sell-off if whale coins are now entering the market, buying BTC at $ 3- $ 5K and below.
Safety in diversity l00k$_1ntere$1ng February 26, 2021
The rapid decline in "Greed". During the last months of a bull rally, this indicator has rarely shown decline, being almost permanently in “extreme greed” mode. Over the past day, the indicator has shown a drop of 24 points, having abruptly switched to the “greed” mode, being on the border with the “neutral” zone. The volatility of the market is such that the market may well plunge into “fear” within just a few days.
Top by market capitalization TwistedLogiX February 25, 2021
Tesla's theoretical “paper” profitability could have been about $ 1 billion, which exceeds the profit from sales of electric cars in 2020 at $ 721 million. However, this is unlikely to encourage other companies to invest in Bitcoin, since everyone can see how quickly the situation is changing and how risky such investments are. At the moment, the market is full of optimism about a "healthy correction", but in fact there are already references to the end of 2017 - early 2018, when several waves of decline and growth were nevertheless replaced by a wide trend reversal.
Top performers Know1tAll February 24, 2021
Ripple officials said in a preliminary hearing on Monday that the SEC refused to notify exchanges and other market participants about XRP's status as a security during numerous discussions in 2019 and earlier. Lawyers for Ripple CEO Brad Garlinghouse have already filed a motion to leave the claim without consideration, pointing out that he could not have known about the possibility of XRP being recognized as a security. The standoff between the SEC and XRP will set an important precedent for the market. Moreover, the US financial authorities may similarly engage in other projects that, for some reason, will be perceived in terms of systemic risks to the economy.
Top by market capitalization RealSatoshi February 24, 2021
Some members of the crypto community associate the current market dynamics with the "Musk effect". Recall that recently the head of Tesla has disappointed many participants in the crypto market with his unexpected skeptical statements about bitcoin. So, on February 20, he announced that he considered BTC and ETH overvalued. Microsoft co-founder Bill Gates urged potential investors not to follow the example of Tesla, which has invested $ 1.5 billion in bitcoin. I am not overly optimistic about Bitcoin, and my general thought is this: if you have less money than Elon Musk, you should probably be careful, ”said Gates. Painful market correction or end of the rally? In the near future, the prospects of the crypto market will be seriously influenced by the comments of the US monetary authorities. If the economy continues to receive incentives not only in words, but also in deeds, the situation with high-risk assets may stabilize for a while.
Well-balanced cryptoportfolio l00k$_1ntere$1ng February 23, 2021
Yesterday's decline occurred against the background of an increase in the flow of bitcoins to exchanges. According to CryptoQuant, over the past 24 hours, trading platform balances have grown by 37 thousand BTC, which was the largest inflow this year and is comparable to the levels of March 2020, when the market experienced a major collapse. The enthusiasm for bitcoin is becoming "more and more sectarian" and is grounded in "magical thinking," said Will Hobbs, investment director at Barclays Wealth & Investments. The first cryptocurrency could turn out to be a wingless bird if interest rates rise. One of the main barometers of greed in the market, the S&P 500, has begun to decline, which raises the degree of fears about the possible start of a wide correction, which, no doubt, will spread to the crypto market.
Rebalancing is the key Know1tAll February 23, 2021
Bitcoin is ineffective for transactions due to its highly speculative nature and the large amounts of energy used by its network, said US Treasury Secretary Janet Yellen. People need to be aware of the extreme volatility of Bitcoin. I am really worried about potential losses for investors. I'm afraid it is used in illegal financial flows, ”she said. Yellen mentioned the need to consider launching a central bank digital currency (CBDC). According to analyst Sven Henrich, Yellen has actually declared war on bitcoin. FTX CEO Sam Bankman-Freed said last week that the crypto futures market is currently overheated. If this level of activity in the market continues, then days with liquidation of positions worth several billion dollars will become the norm for the cryptocurrency space, said Paolo Ardoino, CTO of the Bitfiex crypto exchange.
Rebalancing is the key RealSatoshi February 22, 2021
Overall, the supply / demand ratio remains in favor of bitcoin: 150,000 BTC coins were mined and almost 360,000 were bought back over the last five months of 2020, and investors hope that this balance will continue in the future.
At the same time, buyers look at the head of Tesla Elon Musk, whose tweets alone push the quotes sharply upward. However, the US Securities and Exchange Commission (SEC) is now interested in his "creativity" on Twitter, considering that the billionaire's calls to buy digital assets fall under the law on the offer and advertising of securities and can be regarded as unregistered brokerage activities and attempts to manipulate the market. If proven, Elon Musk could face huge fines. In the meantime, the entrepreneur said that he was taking a break and would no longer post tweets, at least in the near future.
Top performers $uppport&re$1$tance February 21, 2021
Institutional investors continue to buy both cryptocurrencies and shares of miners and crypto funds. So, the Grayscale Investments fund added 20,000 ETH to its Ethereum portfolio last week, bringing its volume to $6 billion. Another impetus for the growth of the BTC/USD pair was MicroStrategy's decision to raise another $900 million to buy bitcoins.

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