💥 Cryptocurrency price dynamics 13.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -12.8%.
🔴 BTC - $ 25,293.64 (-7.5%)
🔴 ETH - $ 1,324.77 (-7.7%)
🔴 BNB - $ 237.90 (-6.5%)
🔴 XRP - $ 0.324804 (-5.9%)
🔴 ADA - $ 0.464418 (-8.1%)
🔴 SOL - $ 27.90 (-12.8%)
🔴 DOGE - $ 0.058307 (-10.6%)
🔴 DOT - $6.91 (-8.9%)
🔴 TRX - $ 0.068674 (-8.2%)
🔴 SHIB - $ 0.00000814 (-5.7%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -12.8%.
🔴 BTC - $ 25,293.64 (-7.5%)
🔴 ETH - $ 1,324.77 (-7.7%)
🔴 BNB - $ 237.90 (-6.5%)
🔴 XRP - $ 0.324804 (-5.9%)
🔴 ADA - $ 0.464418 (-8.1%)
🔴 SOL - $ 27.90 (-12.8%)
🔴 DOGE - $ 0.058307 (-10.6%)
🔴 DOT - $6.91 (-8.9%)
🔴 TRX - $ 0.068674 (-8.2%)
🔴 SHIB - $ 0.00000814 (-5.7%)
📢Jack Dorsey announced decentralized web platform on the Bitcoin blockchain
💻Twitter co-founder and Block (formerly Square) CEO Jack Dorsey has announced a project to create a decentralized web platform (DWP) on the Bitcoin blockchain. The project, called Web5, will allow developers to create decentralized applications (dApps), the platform will also have its own financial network based on BTC. According to Dorsey, Web5 will play an important role in the evolution of the Internet. The new project was described in detail by a Twitter user nicknamed Namcios.
https://getblock.net/en/news/jack-dorsey-announced-decentralized-web-platform-on-the-bitcoin-blockchain
💻Twitter co-founder and Block (formerly Square) CEO Jack Dorsey has announced a project to create a decentralized web platform (DWP) on the Bitcoin blockchain. The project, called Web5, will allow developers to create decentralized applications (dApps), the platform will also have its own financial network based on BTC. According to Dorsey, Web5 will play an important role in the evolution of the Internet. The new project was described in detail by a Twitter user nicknamed Namcios.
https://getblock.net/en/news/jack-dorsey-announced-decentralized-web-platform-on-the-bitcoin-blockchain
Bitcoin
The wedge that has been forming on the bitcoin chart for the last month has finally been implemented downwards. For the first time since December 2020, the cryptocurrency dropped below $25 000. In the coming days, bitcoin needs to find a support level, so a further decline to $24 000 or $19 500 is not ruled out.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-13062022
#BTC #Analytics
The wedge that has been forming on the bitcoin chart for the last month has finally been implemented downwards. For the first time since December 2020, the cryptocurrency dropped below $25 000. In the coming days, bitcoin needs to find a support level, so a further decline to $24 000 or $19 500 is not ruled out.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-13062022
#BTC #Analytics
📉Bitcoin price drops below $25 000 for the first time since 2020
📊On Monday, June 13, the bitcoin price fell by $25 000 to hit $24 900 (according to Binance). The asset lost 7,7% per day. The last time such a figure was seen was at the end of 2020. As of 06:20 UTC, the value of 1 BTC is $25 300. All 10 cryptocurrencies from the CoinMarketCap top by market capitalization are in the red zone. Solana saw the biggest losses, a decrease of 12,5% per day.
https://getblock.net/en/news/bitcoin-price-drops-below-25-000-for-the-first-time-since-2020
📊On Monday, June 13, the bitcoin price fell by $25 000 to hit $24 900 (according to Binance). The asset lost 7,7% per day. The last time such a figure was seen was at the end of 2020. As of 06:20 UTC, the value of 1 BTC is $25 300. All 10 cryptocurrencies from the CoinMarketCap top by market capitalization are in the red zone. Solana saw the biggest losses, a decrease of 12,5% per day.
https://getblock.net/en/news/bitcoin-price-drops-below-25-000-for-the-first-time-since-2020
✅MoneyGram started to cash out cryptocurrency at its branches
💸MoneyGram, a P2P payment service provider, has started to cash out cryptocurrency at its branches. The service is launched in conjunction with the Stellar blockchain, so only tokens created on this network are subject to exchange. The process does not require a bank account or card, only a digital wallet is needed for this. Settlements are done using the USD Coin (USDC) stablecoin.
https://getblock.net/en/news/moneygram-started-to-cash-out-cryptocurrency-at-its-branches/
💸MoneyGram, a P2P payment service provider, has started to cash out cryptocurrency at its branches. The service is launched in conjunction with the Stellar blockchain, so only tokens created on this network are subject to exchange. The process does not require a bank account or card, only a digital wallet is needed for this. Settlements are done using the USD Coin (USDC) stablecoin.
https://getblock.net/en/news/moneygram-started-to-cash-out-cryptocurrency-at-its-branches/
🚫Edward Snowden urged against investing in cryptocurrencies
🗣A former US Central Intelligence Agency (CIA) and National Security Agency (NSA) official Edward Snowden has said that cryptocurrencies have value when used as a means of payment, but not as an investment. He also noted that he does not call for investing in digital assets as a technology. He reported this in his online speech at the Consensus 2022 conference.
https://getblock.net/en/news/edward-snowden-urged-against-investing-in-cryptocurrencies
🗣A former US Central Intelligence Agency (CIA) and National Security Agency (NSA) official Edward Snowden has said that cryptocurrencies have value when used as a means of payment, but not as an investment. He also noted that he does not call for investing in digital assets as a technology. He reported this in his online speech at the Consensus 2022 conference.
https://getblock.net/en/news/edward-snowden-urged-against-investing-in-cryptocurrencies
🇺🇸US Treasury Department will implement regulation of unhosted wallets
📝US Deputy Treasury Secretary Wally Adeyemo confirmed at the Consensus 2022 conference that authorities have made progress in combating illicit financing using digital assets. One of the important measures will be the implementation of the regulation of unhosted wallets.
https://getblock.net/en/news/us-treasury-department-will-implement-regulation-of-unhosted-wallets/
📝US Deputy Treasury Secretary Wally Adeyemo confirmed at the Consensus 2022 conference that authorities have made progress in combating illicit financing using digital assets. One of the important measures will be the implementation of the regulation of unhosted wallets.
https://getblock.net/en/news/us-treasury-department-will-implement-regulation-of-unhosted-wallets/
📉USDD stablecoin lost its peg to the dollar
💵On June 13, the algorithmic stablecoin USDD by TRON issuer temporarily lost its peg to the US dollar and dropped to $0,97. Earlier, TRON announced a plan to implement an “over-collateralized” model under which the reserve for the asset is to be set at 130% of the total amount of coins issued.
https://getblock.net/en/news/usdd-stablecoin-lost-its-peg-to-the-dollar/
💵On June 13, the algorithmic stablecoin USDD by TRON issuer temporarily lost its peg to the US dollar and dropped to $0,97. Earlier, TRON announced a plan to implement an “over-collateralized” model under which the reserve for the asset is to be set at 130% of the total amount of coins issued.
https://getblock.net/en/news/usdd-stablecoin-lost-its-peg-to-the-dollar/
⛔️Celsius platform suspended withdrawals
💻Celsius, a DeFi lending platform, has suspended withdrawals, exchanges, and transfers between accounts. According to a statement on the company’s blog, the decision was taken “due to extreme market conditions.” No timeline has been given for the resumption of services. The ultimate goal of Celsius is to stabilize liquidity, as well as preserve and protect assets. Only interest accrual will be available to the platform’s clients. Against this backdrop, the value of the native token CEL has fallen by more than 50%, according to Binance. As of June 13, 10:00 UCT, the asset is trading at $0,18.
https://getblock.net/en/news/celsius-platform-suspended-withdrawals
💻Celsius, a DeFi lending platform, has suspended withdrawals, exchanges, and transfers between accounts. According to a statement on the company’s blog, the decision was taken “due to extreme market conditions.” No timeline has been given for the resumption of services. The ultimate goal of Celsius is to stabilize liquidity, as well as preserve and protect assets. Only interest accrual will be available to the platform’s clients. Against this backdrop, the value of the native token CEL has fallen by more than 50%, according to Binance. As of June 13, 10:00 UCT, the asset is trading at $0,18.
https://getblock.net/en/news/celsius-platform-suspended-withdrawals
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🙅♂️Binance will not support Litecoin deposits and withdrawals through MWEB
📢Cryptocurrency exchange Binance has announced that it will not support the deposits and withdrawals of Litecoin (LTC) using the MimbleWimble Extension Blocks (MWEB) function, which increases transaction privacy. Binance warned that LTC transactions will result in the loss of funds, as the platform will not be able to identify the sender to recover them. The crypto exchange has urged customers not to deposit cryptocurrency using the MWEB privacy function.
https://getblock.net/en/news/binance-will-not-support-litecoin-deposits-and-withdrawals-through-mweb
📢Cryptocurrency exchange Binance has announced that it will not support the deposits and withdrawals of Litecoin (LTC) using the MimbleWimble Extension Blocks (MWEB) function, which increases transaction privacy. Binance warned that LTC transactions will result in the loss of funds, as the platform will not be able to identify the sender to recover them. The crypto exchange has urged customers not to deposit cryptocurrency using the MWEB privacy function.
https://getblock.net/en/news/binance-will-not-support-litecoin-deposits-and-withdrawals-through-mweb
💰Nexo platform offered to buy Celsius’s crypto assets
📧Crypto lender Nexo wants to buy the assets of the Celsius platform. Nexo representatives said on Twitter that the company has enough liquidity and equity capital to acquire the remaining assets of Celsius, primarily their collateralized loan portfolio. The crypto lender has provided a formal letter of intent regarding the lending platform’s debt.
https://getblock.net/en/news/nexo-platform-offered-to-buy-celsiuss-crypto-assets
📧Crypto lender Nexo wants to buy the assets of the Celsius platform. Nexo representatives said on Twitter that the company has enough liquidity and equity capital to acquire the remaining assets of Celsius, primarily their collateralized loan portfolio. The crypto lender has provided a formal letter of intent regarding the lending platform’s debt.
https://getblock.net/en/news/nexo-platform-offered-to-buy-celsiuss-crypto-assets
☝️Bitcoin network hashrate hit all-time high after the BTC rate falls
⛏The bitcoin network hashrate has updated the maximum and amounted to 231,4 EH/s, according to blockchain.com. This came after the price of BTC dropped below $25 000 for the first time since December 2020. The first cryptocurrency’s mining difficulty reached a figure of 30,28 T. As of June 13, 11:30 UCT, bitcoin is trading at $23 775, according to Binance.
https://getblock.net/en/news/bitcoin-network-hashrate-hit-all-time-high-after-the-btc-rate-falls
⛏The bitcoin network hashrate has updated the maximum and amounted to 231,4 EH/s, according to blockchain.com. This came after the price of BTC dropped below $25 000 for the first time since December 2020. The first cryptocurrency’s mining difficulty reached a figure of 30,28 T. As of June 13, 11:30 UCT, bitcoin is trading at $23 775, according to Binance.
https://getblock.net/en/news/bitcoin-network-hashrate-hit-all-time-high-after-the-btc-rate-falls
📉Renowned trader allowed the possibility of the bitcoin price to decline to $12 700
🤔Renowned trader and crypto analyst Peter Brandt analyzed the bitcoin price chart and admitted the probability of a decline in the asset’s value to $12 700. In this, he called the support level of the first cryptocurrency the range from $19 000 to $20 000. The analyst noted that reaching new all-time highs (ATH) before 2024 is almost impossible, but added that by then we can see “the famed “Drano” chart pattern.”
https://getblock.net/en/news/renowned-trader-allowed-the-possibility-of-the-bitcoin-price-to-decline-to-12-700/
🤔Renowned trader and crypto analyst Peter Brandt analyzed the bitcoin price chart and admitted the probability of a decline in the asset’s value to $12 700. In this, he called the support level of the first cryptocurrency the range from $19 000 to $20 000. The analyst noted that reaching new all-time highs (ATH) before 2024 is almost impossible, but added that by then we can see “the famed “Drano” chart pattern.”
https://getblock.net/en/news/renowned-trader-allowed-the-possibility-of-the-bitcoin-price-to-decline-to-12-700/
💡US billionaire recommended buying bitcoins during the recession
📊US billionaire and founder of hedge fund Duquesne Capital Stanley Druckenmiller believes that it is better to buy bitcoins rather than gold amid rising inflation. In his view, the US economy is on the verge of recession, which will begin in 2023. Druckenmiller believes that the next six months will see a correction in the stock market and an economic downturn. He revealed this at the virtual 2022 Sohn Investment Conference.
https://getblock.net/en/news/us-billionaire-recommended-buying-bitcoins-during-the-recession
📊US billionaire and founder of hedge fund Duquesne Capital Stanley Druckenmiller believes that it is better to buy bitcoins rather than gold amid rising inflation. In his view, the US economy is on the verge of recession, which will begin in 2023. Druckenmiller believes that the next six months will see a correction in the stock market and an economic downturn. He revealed this at the virtual 2022 Sohn Investment Conference.
https://getblock.net/en/news/us-billionaire-recommended-buying-bitcoins-during-the-recession
💥 Cryptocurrency price dynamics 14.06.2022💥
Most crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Solana: +8.1% showed the biggest increase overnight;
⬇️ the biggest drop was - Bitcoin: -10.5%.
🔴 BTC - $ 22,734.82 (-10.5%)
🔴 ETH - $ 1,220.44 (-8.1%)
🔴 BNB - $ 227.00 (-4.8%)
🟢 ADA - $ 0.488466 (+6.4%)
🔴 XRP - $ 0.320428 (-0.8%)
🟢 SOL - $ 30.38 (+8.1%)
🟢 DOT - $ 7.33 (+6.0%)
🔴 DOGE - $ 0.057473 (-1.3%)
🔴 TRX - $ 0.062647 (-8.2%)
🟢 SHIB - $ 0.00000839 (+2.9%)
Most crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Solana: +8.1% showed the biggest increase overnight;
⬇️ the biggest drop was - Bitcoin: -10.5%.
🔴 BTC - $ 22,734.82 (-10.5%)
🔴 ETH - $ 1,220.44 (-8.1%)
🔴 BNB - $ 227.00 (-4.8%)
🟢 ADA - $ 0.488466 (+6.4%)
🔴 XRP - $ 0.320428 (-0.8%)
🟢 SOL - $ 30.38 (+8.1%)
🟢 DOT - $ 7.33 (+6.0%)
🔴 DOGE - $ 0.057473 (-1.3%)
🔴 TRX - $ 0.062647 (-8.2%)
🟢 SHIB - $ 0.00000839 (+2.9%)
📈Cryptocurrency hedge fund managers predicted rise in the bitcoin price to $75 000
📃Most cryptocurrency hedge fund managers expect the bitcoin price to rebound in 2022, despite the recent market decline. This data comes from a study by PricewaterhouseCoopers (PwC), one of the largest consulting firms.
https://getblock.net/en/news/cryptocurrency-hedge-fund-managers-predicted-rise-in-the-bitcoin-price-to-75-000
📃Most cryptocurrency hedge fund managers expect the bitcoin price to rebound in 2022, despite the recent market decline. This data comes from a study by PricewaterhouseCoopers (PwC), one of the largest consulting firms.
https://getblock.net/en/news/cryptocurrency-hedge-fund-managers-predicted-rise-in-the-bitcoin-price-to-75-000
Bitcoin
The $24 000 level did not hold. The bitcoin price to decrease below $20 000 should be expected soon. This will be a strong pain point for both short-term holders of the asset and long-term holders. Therefore, one can hope for the formation of a global bottom in this area. However, after going below $20 000, the way opens up for a decline to the $12 000 area.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-14062022
#BTC #Analytics
The $24 000 level did not hold. The bitcoin price to decrease below $20 000 should be expected soon. This will be a strong pain point for both short-term holders of the asset and long-term holders. Therefore, one can hope for the formation of a global bottom in this area. However, after going below $20 000, the way opens up for a decline to the $12 000 area.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-14062022
#BTC #Analytics
🗣Peter Schiff predicted further drop in the crypto market capitalization
📉The CEO of Euro Pacific Capital Inc. and economist Peter Schiff said that he expects the cryptocurrency market to fall further. He noted that following the drop in the value of bitcoin below its key support level of $25 000, the price of Ethereum also collapsed below $1300. Schiff added that total market capitalization has fallen below $1 trillion from a record-high of $3 trillion.
https://getblock.net/en/news/peter-schiff-predicted-further-drop-in-the-crypto-market-capitalization
📉The CEO of Euro Pacific Capital Inc. and economist Peter Schiff said that he expects the cryptocurrency market to fall further. He noted that following the drop in the value of bitcoin below its key support level of $25 000, the price of Ethereum also collapsed below $1300. Schiff added that total market capitalization has fallen below $1 trillion from a record-high of $3 trillion.
https://getblock.net/en/news/peter-schiff-predicted-further-drop-in-the-crypto-market-capitalization
⚖️Binance.US was sued over sale of UST stablecoins
⚠️Some 2 000 retail investors in the Terra project, who lost their investments as a result of the collapse of the ecosystem, have filed a lawsuit against the US arm of cryptocurrency exchange Binance, Binance.US. The class action complaint was filed in Northern California on behalf of the US law firm Roche Freedman LLP. The platform was accused of using misleading advertising and selling tokens as unregistered securities.
https://getblock.net/en/news/binanceus-was-sued-over-sale-of-ust-stablecoins/
⚠️Some 2 000 retail investors in the Terra project, who lost their investments as a result of the collapse of the ecosystem, have filed a lawsuit against the US arm of cryptocurrency exchange Binance, Binance.US. The class action complaint was filed in Northern California on behalf of the US law firm Roche Freedman LLP. The platform was accused of using misleading advertising and selling tokens as unregistered securities.
https://getblock.net/en/news/binanceus-was-sued-over-sale-of-ust-stablecoins/
📋BofA survey: 90% of respondents plan to buy crypto in 2022
📊Representatives of Bank of America (BofA) conducted a survey among 1000 respondents from the United States, 91% of them plan to purchase cryptocurrency by the end of 2022. 30% plan to use digital assets as long-term investments. Also, according to the study, 39% of respondents used cryptocurrency as a means of payment for online purchases.
https://getblock.net/en/news/bofa-survey-90-of-respondents-plan-to-buy-crypto-in-2022
📊Representatives of Bank of America (BofA) conducted a survey among 1000 respondents from the United States, 91% of them plan to purchase cryptocurrency by the end of 2022. 30% plan to use digital assets as long-term investments. Also, according to the study, 39% of respondents used cryptocurrency as a means of payment for online purchases.
https://getblock.net/en/news/bofa-survey-90-of-respondents-plan-to-buy-crypto-in-2022
☝Ethereum developers delayed the release of the upgrade to increase mining difficulty
📢The Ethereum team has announced that the activation of the “difficulty bomb” has been delayed for two months. All numbers and calculations will be checked before that. The preliminary launch date for the upgrade is late June 2022. This was stated on Twitter by the lead blockchain developer Tim Beiko.
https://getblock.net/en/news/ethereum-developers-delayed-the-release-of-the-upgrade-to-increase-mining-difficulty
📢The Ethereum team has announced that the activation of the “difficulty bomb” has been delayed for two months. All numbers and calculations will be checked before that. The preliminary launch date for the upgrade is late June 2022. This was stated on Twitter by the lead blockchain developer Tim Beiko.
https://getblock.net/en/news/ethereum-developers-delayed-the-release-of-the-upgrade-to-increase-mining-difficulty