💡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
📉Bitcoin rate was dropping to $20 813
📊On the morning of June 14, the bitcoin rate was dropping to $20 813. As of 08:30 UTC, BTC is trading at $22 750, the value of the asset decreased by 8,22% in 24 hours, according to cryptocurrency exchange Binance. Almost all cryptocurrencies from the CoinMarketCap top 10 by capitalization are in the red zone. Solana (SOL) rose by 11%, recovering slightly from yesterday’s slump. Cardano (ADA) also added 13,4%.
https://getblock.net/en/news/bitcoin-rate-was-dropping-to-20-813
📊On the morning of June 14, the bitcoin rate was dropping to $20 813. As of 08:30 UTC, BTC is trading at $22 750, the value of the asset decreased by 8,22% in 24 hours, according to cryptocurrency exchange Binance. Almost all cryptocurrencies from the CoinMarketCap top 10 by capitalization are in the red zone. Solana (SOL) rose by 11%, recovering slightly from yesterday’s slump. Cardano (ADA) also added 13,4%.
https://getblock.net/en/news/bitcoin-rate-was-dropping-to-20-813
👍Binance to expand its staff amid falling crypto market
🗣The head of cryptocurrency exchange Binance Changpeng Zhao believes that crypto winter is a great time to expand staff and make new acquisitions for the company. Binance plans to hire new employees, as well as new mergers and acquisitions (M&A). Zhao revealed this in his speech at the Consensus 2022 conference.
https://getblock.net/en/news/binance-to-expand-its-staff-amid-falling-crypto-market
🗣The head of cryptocurrency exchange Binance Changpeng Zhao believes that crypto winter is a great time to expand staff and make new acquisitions for the company. Binance plans to hire new employees, as well as new mergers and acquisitions (M&A). Zhao revealed this in his speech at the Consensus 2022 conference.
https://getblock.net/en/news/binance-to-expand-its-staff-amid-falling-crypto-market
💸MicroStrategy’s unrealized losses exceed $1 billion
📊The collapse of the value of bitcoin to the level of $22 250 (Binance data as of the morning of June 14) resulted in the formation of an unrealized “paper” loss for analytics software provider and one of the largest BTC holders, MicroStrategy. This is evidenced by the Bitcoin Treasuries data.
https://getblock.net/en/news/microstrategys-unrealized-losses-exceed-1-billion
📊The collapse of the value of bitcoin to the level of $22 250 (Binance data as of the morning of June 14) resulted in the formation of an unrealized “paper” loss for analytics software provider and one of the largest BTC holders, MicroStrategy. This is evidenced by the Bitcoin Treasuries data.
https://getblock.net/en/news/microstrategys-unrealized-losses-exceed-1-billion
🔌Bitmain started selling new liquid-cooled miner
⛏Bitmain, a manufacturer of crypto mining equipment, has announced the start of sales of its new miner, Antminer T19 Hydro. As of June 13, users can submit purchase requests. The device has a hashrate of 145 Th/s, power consumption of 5,438 W, and energy efficiency of 37,5 J/Th. The miner is equipped with liquid cooling.
https://getblock.net/en/news/bitmain-started-selling-new-liquid-cooled-miner/
⛏Bitmain, a manufacturer of crypto mining equipment, has announced the start of sales of its new miner, Antminer T19 Hydro. As of June 13, users can submit purchase requests. The device has a hashrate of 145 Th/s, power consumption of 5,438 W, and energy efficiency of 37,5 J/Th. The miner is equipped with liquid cooling.
https://getblock.net/en/news/bitmain-started-selling-new-liquid-cooled-miner/
❌Tether ruled out the impact of Celsius problems on the stability of USDT
📢Tether (the issuer of USDT, a centralized stablecoin) said that there is no correlation between suspending most of the functions of the Celsius DeFi platform and maintaining the stability of the USDT rate. According to the Tether team, their portfolio includes investments in Celsius, but they represent a minimal part of the equity capital. This information was posted on the company’s blog on June 13.
https://getblock.net/en/news/tether-ruled-out-the-impact-of-celsius-problems-on-the-stability-of-usdt
📢Tether (the issuer of USDT, a centralized stablecoin) said that there is no correlation between suspending most of the functions of the Celsius DeFi platform and maintaining the stability of the USDT rate. According to the Tether team, their portfolio includes investments in Celsius, but they represent a minimal part of the equity capital. This information was posted on the company’s blog on June 13.
https://getblock.net/en/news/tether-ruled-out-the-impact-of-celsius-problems-on-the-stability-of-usdt
📋Glassnode analysts announced the “darkest” phase of the crypto market decline
📊Analytics firm Glassnode has released a report announcing the start of the “darkest” phase of the bear market. Although a number of indicators point to oversold conditions, bitcoin remains correlated with traditional markets and prices are declining concurrently. Micrometric indicators, such as the realized capitalization to transaction value (RVT) ratio, also continue to decline.
https://getblock.net/en/news/glassnode-analysts-announced-the-darkest-phase-of-the-crypto-market-decline
📊Analytics firm Glassnode has released a report announcing the start of the “darkest” phase of the bear market. Although a number of indicators point to oversold conditions, bitcoin remains correlated with traditional markets and prices are declining concurrently. Micrometric indicators, such as the realized capitalization to transaction value (RVT) ratio, also continue to decline.
https://getblock.net/en/news/glassnode-analysts-announced-the-darkest-phase-of-the-crypto-market-decline
💵Galaxy Digital CEO called indicators of bottom for bitcoin and Ethereum rates
📉Mike Novogratz, CEO of the Galaxy Digital investment company, has said that cryptocurrency rates are closer to a bottom than the US stock market. In his view, the bottom line for BTC will be $20 000 and for ETH it will be $1000. This is reported by Bloomberg, citing Novogratz’s speech during the Morgan Stanley Financials Conference.
https://getblock.net/en/news/galaxy-digital-ceo-called-indicators-of-bottom-for-bitcoin-and-ethereum-rates
📉Mike Novogratz, CEO of the Galaxy Digital investment company, has said that cryptocurrency rates are closer to a bottom than the US stock market. In his view, the bottom line for BTC will be $20 000 and for ETH it will be $1000. This is reported by Bloomberg, citing Novogratz’s speech during the Morgan Stanley Financials Conference.
https://getblock.net/en/news/galaxy-digital-ceo-called-indicators-of-bottom-for-bitcoin-and-ethereum-rates
💥 Cryptocurrency price dynamics 15.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Tron showed the biggest drop overnight: -19.5%.
🔴 BTC - $ 21,238.67(6.1%)
🔴 ETH - $ 1,123.62 (-7.8%)
🔴 BNB - $ 211.43 (-6.7%)
🔴 ADA - $ 0.462958 (-4.6%)
🔴 XRP - $ 0.304335 (-4.6%)
🔴 SOL - $28.11 (-6.9%)
🔴 DOT - $7.17 (-1.6%)
🔴 DOGE - $ 0.052212 (-8.8%)
🔴 TRX - $ 0.050397 (-19.5%)
🔴 SHIB - $ 0.00000782 (-6.3%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Tron showed the biggest drop overnight: -19.5%.
🔴 BTC - $ 21,238.67(6.1%)
🔴 ETH - $ 1,123.62 (-7.8%)
🔴 BNB - $ 211.43 (-6.7%)
🔴 ADA - $ 0.462958 (-4.6%)
🔴 XRP - $ 0.304335 (-4.6%)
🔴 SOL - $28.11 (-6.9%)
🔴 DOT - $7.17 (-1.6%)
🔴 DOGE - $ 0.052212 (-8.8%)
🔴 TRX - $ 0.050397 (-19.5%)
🔴 SHIB - $ 0.00000782 (-6.3%)
⚠️South Korean exchange Upbit warned of risks for TRX and WAVES tokens
🇰🇷Upbit, one of the largest cryptocurrency exchanges in South Korea, has issued a warning about possible risks associated with TRON(TRX) and Waves (WAVES) tokens. The platform believes that asset rates may be volatile as the associated algorithmic stablecoins, USDD and USDN, have lost their peg to the US dollar. The exchange probably fears a repeat of the situation with the collapse of the Terra (LUNA) token and its UST stablecoin.
https://getblock.net/en/news/south-korean-exchange-upbit-warned-of-risks-for-trx-and-waves-tokens
🇰🇷Upbit, one of the largest cryptocurrency exchanges in South Korea, has issued a warning about possible risks associated with TRON(TRX) and Waves (WAVES) tokens. The platform believes that asset rates may be volatile as the associated algorithmic stablecoins, USDD and USDN, have lost their peg to the US dollar. The exchange probably fears a repeat of the situation with the collapse of the Terra (LUNA) token and its UST stablecoin.
https://getblock.net/en/news/south-korean-exchange-upbit-warned-of-risks-for-trx-and-waves-tokens
Bitcoin
The $20 000 level is supporting the bitcoin rate for now. The lack of upward movement and repeatedly testing of support may indicate that sellers are determined to push the bitcoin price below $20 000. In that case, the price of the cryptocurrency can fall up to $12 000.
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-05062022
#BTC #Analytics
The $20 000 level is supporting the bitcoin rate for now. The lack of upward movement and repeatedly testing of support may indicate that sellers are determined to push the bitcoin price below $20 000. In that case, the price of the cryptocurrency can fall up to $12 000.
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-05062022
#BTC #Analytics
💰Cardano’s capitalization increased by $2 billion in 24 hours
⬆️Over the past 24 hours, the native token of the Cardano (ADA) blockchain has seen strong growth, rising in price by more than 10%. As of June 14, 13:50 UTC, the altcoin is trading at $0,49, according to Binance. The asset’s market capitalization rose from $15,02 billion to $17,12 billion despite a general drop in asset prices in the cryptocurrency market, according to CoinMarketCap. The figure later dropped to $16,8 billion.
https://getblock.net/en/news/cardanos-capitalization-increased-by-2-billion-in-24-hours
⬆️Over the past 24 hours, the native token of the Cardano (ADA) blockchain has seen strong growth, rising in price by more than 10%. As of June 14, 13:50 UTC, the altcoin is trading at $0,49, according to Binance. The asset’s market capitalization rose from $15,02 billion to $17,12 billion despite a general drop in asset prices in the cryptocurrency market, according to CoinMarketCap. The figure later dropped to $16,8 billion.
https://getblock.net/en/news/cardanos-capitalization-increased-by-2-billion-in-24-hours
👍2
⚡️Analyst Michaël van de Poppe called altcoin with the potential to grow threefold
📊The crypto trader has discovered a promising token with a low capitalization.
https://getblock.net/en/news/analyst-michael-van-de-poppe-called-altcoin-with-the-potential-to-grow-threefold/
📊The crypto trader has discovered a promising token with a low capitalization.
https://getblock.net/en/news/analyst-michael-van-de-poppe-called-altcoin-with-the-potential-to-grow-threefold/
💼Coinbase to cut staff amid falling crypto market
📉Cryptocurrency exchange Coinbase will reduce the number of employees by about 18%. This decision has been taken as part of the platform’s cost-cutting efforts amid the coming crypto winter on the market. The company has already developed several programs in order to minimize the impact on the downsized employees. This was announced on Twitter by Coinbase CEO Brian Armstrong.
https://getblock.net/en/news/coinbase-to-cut-staff-amid-falling-crypto-market
📉Cryptocurrency exchange Coinbase will reduce the number of employees by about 18%. This decision has been taken as part of the platform’s cost-cutting efforts amid the coming crypto winter on the market. The company has already developed several programs in order to minimize the impact on the downsized employees. This was announced on Twitter by Coinbase CEO Brian Armstrong.
https://getblock.net/en/news/coinbase-to-cut-staff-amid-falling-crypto-market