Crypto Prices Plunge: Bitcoin and Ethereum Fall Below Key Levels

• Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend.
• Ethereum also moved lower today.
• The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday.

Cryptocurrency markets experienced a significant drop on Tuesday, with Bitcoin and Ethereum both falling below key levels in the day’s trading session.

The price of Bitcoin, the world’s largest cryptocurrency, had surged over the weekend to a five-month high of $23,296.53 before retreating sharply on Tuesday to below $23,000. It hit a low of $22,657.58 during the day and is currently trading around the $22,800 mark. The decline appears to have been triggered by traders taking profits from the recent surge, as well as anticipation of the upcoming Federal Reserve policy decision.

Ethereum, the world’s second largest cryptocurrency, also experienced a decline. The price dropped from a high of $1,595.86 to an intraday bottom of $1,546.66, representing a decline of nearly 4%. It has since recovered slightly and is currently trading around the $1,560 mark.

The decline in the prices of Bitcoin and Ethereum follows a period of relative calm that had seen both coins consolidate after hitting four-month highs earlier in January. Investors will now be looking ahead to the release of the Conference Board’s consumer confidence report later today and the Federal Reserve’s policy meeting on Wednesday for clues on the state of the US economy.

The cryptocurrency market has been buoyed in recent months by the increasing acceptance of digital assets by mainstream institutions and investors, as well as the prospect of greater regulation. However, the volatility of the market means that any significant economic news could have a significant effect on prices. As such, investors will be watching closely to see how the market responds to these upcoming events.

Nigerian Banks Accuse CBN of Failing to Provide New Banknotes Before Deadline

• Banks in Nigeria are accusing the Central Bank of Nigeria of not supplying enough new banknotes ahead of the Jan. 31 deadline to return old naira banknotes.
• Less than 40% of ATMs are said to be dispensing new banknotes, and some bank insiders have attributed the shortages to the CBN not distributing enough.
• Despite growing pressure, the CBN insists the Jan. 31 deadline still stands.

As the deadline for returning old Nigerian naira banknotes rapidly approaches, banks in several Nigerian states are still distributing the soon-to-be demonetized banknotes. This has caused an uproar among banks and the general public, with many accusing the Central Bank of Nigeria (CBN) of failing to take the necessary steps to ensure that the transition to the new banknotes is smooth and efficient.

Reports from an investigation by the Guardian indicated that only less than 40% of automated teller machines (ATMs) were reportedly dispensing new banknotes. Bank insiders have attributed the shortages to the CBN not distributing enough new banknotes, with one unnamed banker from Lagos claiming that their branch only received “just N1.5m new notes” in the previous week. As such, they are suspecting that the CBN plan to do a massive rollout of the new banknotes in the last week of January.

The situation has been further exacerbated by the fact that despite growing pressure, the CBN has refused to extend the current deadline. This has led to increased anxiety amongst banks and the general public, who are now awaiting the “massive rollout of the money” that many feel should have been done by now.

The CBN has been adamant that the Jan. 31 deadline still stands, and has urged Nigerians to return their old banknotes to banks as soon as possible. It has also asked banks to ensure that customers are not inconvenienced due to the demonetization and to ensure that the transition to the new banknotes is successful. As such, it remains to be seen how the CBN will ensure that the transition is successful and that Nigerians are not left without banknotes in the final days leading up to the deadline.

Achieve Galactic Success With BitSpinCasino’s Space Odyssey Loyalty Program!

• BitSpinCasino is sponsored by Bitcoin.com and offers a loyalty program called Space Odyssey.
• Loyalty program rewards players with cash prizes, cashback, Free Spins and other bonuses.
• Players accumulate loyalty points and receive special bonuses as they progress through the levels.

BitSpinCasino, sponsored by Bitcoin.com, is a digital platform that provides players with a chance to experience the world of casino gaming from the comfort of their own home or on the go. To further enhance the gaming experience, BitSpinCasino has developed a loyalty program called Space Odyssey.

The loyalty program pays homage to the legendary filmmaker Stanley Kubrick by naming itself after the iconic sci-fi film. Registered members automatically start accumulating loyalty points when they engage in playing games. Once these points reach a certain threshold, they start rewarding the player with regular freebies as they progress level by level in the loyalty program.

Space Odyssey rewards players with cash prizes, cashback, Free Spins and other bonuses. As players upgrade their ranks in the BitSpinCasino Universe, they can gain access to extra booster bonuses such as increasing weekly cashback and Free Spins on every level. Starting from the level of Rookie aboard a humble spacecraft called the Orbital Yacht, the player can level up all the way to gain control of the Galactic Cruiser and become the Master of the Universe.

The loyalty program rewards players for reaching new heights in their gaming journey. Players have the chance to increase their chances of winning prizes and be rewarded for their loyalty. Players can also become a part of the exclusive VIP club and enjoy exclusive bonuses such as special promotions, access to exclusive tournaments and more.

The Space Odyssey loyalty program is a great way for players to enjoy the casino experience and take advantage of the rewards and bonuses available. Whether you are looking to level up and become the Master of the Universe or just want to get a little something extra out of your experience, the loyalty program is an excellent way to get the most out of your gaming experience.

Scaramucci säger att Bitcoin förändrar världen som Copernicus gjorde på 1500-talet

Grundaren av SkyBridge Capital sade att Copernicus var den förste som lade fram teorin om att jorden kretsar kring solen. Scaramucci jämför detta med hur Bitcoin revolutionerar begreppet pengar.

Anthony Scaramucci var med i CNBC:s Squawk Box för att prata om Bitcoin. Han sa att världen håller på att förändras när det gäller pengar. För att illustrera betydelsen av detta jämförde han Bitcoin Billionaire övertagande av finanserna med publiceringen av Copernicus heliocentriska teori.

„Det var 1500 någonting när Kopernikus sa att vi kanske kretsar runt solen. Saker och ting förändras. Vi måste se rationellt på det, vi måste acceptera att om pengar är en teknik som gör det möjligt för oss att överföra varor och tjänster till varandra på ett effektivt sätt, så skulle tekniken omkring oss sannolikt förbättra pengarna.“

Resultatet av detta, antyder Scaramucci, är att det gamla gardet faller ifrån. I det här fallet guld. Sedan augusti förra året har den glänsande metallen fastnat i en nedåtgående kanal. Och det som en gång i tiden var det bästa skyddet spelar nu andra fiolen till Bitcoin.

Bitcoin-bocken

Scaramucci redogör för Bitcoin-juridiken genom att säga att han tror att den främsta kryptovalutan kan röra sig mycket högre på lång sikt. Dessutom ser han, med institutioner som kommer i massor, en mognadspunkt där volatiliteten så småningom kommer att jämnas ut.

Som stöd för detta påstående ger Scaramucci exemplet Amazon. Under de tolv åren från Amazons börsintroduktion i maj 1997 till maj 2009 fick investerarna ta del av vinster på över 3 600 procent. Att köpa Amazon efter denna period och behålla aktien fram till i dag skulle ha gett 640 procent i avkastning.

Även om avkastningen var betydligt mindre efter 2009 var kursutvecklingen också mindre volatil.

„Amazon handlar nu, 20 år senare, med större stabilitet. Det fick en mycket stor knäppning på grund av pandemin, men det är bara att ta en titt på dess långsiktiga diagram, och jag tror att det kommer att hända med bitcoin.

När den väl är fullt utvecklad kommer du att titta på den situationen och säga: ‚Okej, det är mycket mindre spekulativt‘.“

Penningskrivare kommer att få se inflation i tillgångspriserna

Med tanke på den vansinniga penningtryckningen på senare tid säger Scaramucci att allt är anpassat för att Bitcoin ska gå uppåt under året.

„Du har en 40-procentig ökning av dollarvolymen, det kommer att visa sig i tillgångspriserna…“

Han varnade dock för att denna situation skulle öka skillnaderna mellan de som har och de som inte har. De med lämpliga tillgångar kommer att stiga till toppen, medan de utan tillgångar kommer att sjunka. Han tillägger att han personligen anser att Bitcoin är den tillgång som bör behållas i denna situation, främst på grund av dess knapphet.

Där ligger „Copernicus-ögonblicket“. Även om guld anses vara relativt sällsynt finns det fortfarande inget sätt att fastställa dess utbud. För första gången i historien representerar Bitcoin en tillgång som är allmänt accepterad som värdefull, men med ett verifierbart fast utbud.

MasterCard annoncerer understøttelse af krypto på sit netværk

MasterCard giver sine næsten en milliard brugere mulighed for at bruge kryptokurver på mere end 30 millioner købmænd, selvom det ikke har specificeret, hvilke mønter der understøttes.

MasterCard har annonceret planer om at støtte kryptokurver i 2021 og baner vejen for sine næsten en milliard brugere til at bruge digitale aktiver til mere end 30 millioner købmænd

Firmaet mener, at dette kan åbne forhandlere for nye kunder og opbygge loyalitet med eksisterende kunder, der allerede migrerer til digitale aktiver via traditionelle fiat-muligheder.

”Det handler om valg. MasterCard er ikke her for at anbefale, at du begynder at bruge kryptovalutaer. Men vi er her for at gøre det muligt for kunder, handlende og virksomheder at flytte digital værdi ”
Mens den globale betalingsgigant bemærkede, at det planlægger at støtte stablecoins på grund af deres „pålidelighed og sikkerhed“, nægtede Mastercard at navngive specifikke kryptokurver, som det vil integrere.

Mastercard tilbød dog fire kernekriterier, hvorefter det vil vurdere fremtidige aktiver: robust forbrugerbeskyttelse, herunder forbrugernes privatliv og sikkerhed, streng KYC-overholdelse, overholdelse af lokale love og regler og stabilitet som betalingsmiddel.

MasterCard bemærkede også, at det „aktivt interagerer med flere store centralbanker rundt om i verden“ for at støtte centralbanks digitale valutainitiativer eller CBDC’er.

Sidste år udgav firmaet et „virtuelt sandkasse“ -værktøj til at demonstrere, hvordan et CBDC kan bruges til at afregne forbrugerkøb ved hjælp af MasterCards infrastruktur.

Meddelelsen fra MasterCard rapporterede også om en stigende efterspørgsel efter digitale aktiver blandt sine kunder og bemærkede, at mange brugere har købt kryptoaktiver med deres MasterCards midt i det nuværende tyremarked.

”Digitale aktiver bliver en vigtigere del af betalingsverdenen,” konkluderede MasterCard

„Vi er her for at gøre det muligt for kunder, handlende og virksomheder at flytte digital værdi – traditionel eller krypto – uanset hvad de vil. Det skal være dit valg, det er dine penge.“

MasterCard har allerede afsat betydelige ressourcer til at udforske distribueret hovedbogsteknologi, hvor virksomheden i øjeblikket har 89 blockchain-patenter, mens yderligere 285 applikationer afventer.

Betalingsudbyderen har i nogen tid engageret sig i kryptobetalinger og samarbejder med Wirex og BitPay for at oprette kryptokort , selvom ingen kryptokurver flyttede gennem MasterCards netværk.

MasterCards meddelelse er den seneste af en række institutionelle indførelser af kryptokurver, der er kommet de sidste par uger. Denne uge annoncerede Tesla et køb på $ 1,5 mia. Bitcoin fra sin likviditetsreserve og tilføjede, at den snart vil acceptere Bitcoin-betalinger for sine biler.

I sidste uge fordoblede PayPal kryptoen og meddelte, at de vil tilbyde kryptobetalinger til sine 26 millioner købmænd, efter at dens begrænsede kryptohandelstjenester „oversteg forventningerne.“

En uge før dette bekræftede Visa-formand og administrerende direktør Al Kelly sit engagement i kryptobetalinger og onramps under sit indtjeningsopkald i 1. kvartal.

Spekulation om hvilke andre teknologivirksomheder, der kommer de næste til at komme ind i kryptokurrency-kaninhullet, er også begyndt at opstå, med udbydere af finansielle tjenester RBC Capital Markets, der siger, at Apple skal følge i Teslas fodspor. RBC-analytiker Mitch Steves skrev til kunder, at udvikling af en kryptobørs i Apple Wallet ville skabe et stort nyt marked for vækst.

Binance Coin (BNB) on Pornhub

Binance Coin (BNB) on Pornhub to expand use cases

There was no doubt that Pornhub was a big fan of the crypto world. However, it seemed like a utopia for the BNB holders to win over even the „shy“ Changpeng Zhao by including Binance Coin among its payment methods.

Yet today, the CEO of Binance announced his new Bitcoin Loophole platform partnership with the adult content platform. And he did so on his favourite social networking site, Twitter, joking about it in his usual positive mood.

Here’s a round-up of tweets to play it down:

But, but… just *randomly* explored a bit more….

2 #BNB = 1 year of premium porn. lol pic.twitter.com/nDJTqP3wxl

– CZ 🔶 Binance (@cz_binance) January 20, 2021

Colouring in emoticons and GIFs, dear CZ has in any case managed to propose to his followers the advantages of this new collaboration between BNB and Pornhub. Let’s see how:

„More use cases. A friend told me it’s not very familiar.“
„DON’T GET ADDICTED TO #PORNHUB. Its bad for your health“
„But, but, but… just *simply* exploring a little more… 2 #BNB = 1 year of premium porn. lol“

CZ on Binance Coin as payment on Pornhub

In just three steps, Zhao did some healthy marketing:

expressed his happiness at expanding the use cases for his crypto;
he played on the theme to escape any embarrassment (perhaps to followers who don’t follow this topic);
last but not least, he highlighted the super offer: 1 year premium subscription on Pornhub is currently equivalent to exactly 2 BNB.

At the end of last year, in a special dedicated to CZ, the CEO of the first crypto-exchange by marketcap, had described his vision of the whole crypto scenario, answering the question regarding BNB as follows:

„There are so many applications and use cases for BNB that I personally can’t keep track now, from gaming to cross-border remittances. There is now a large, diverse community in the BNB ecosystem. I don’t know what will come out of it in the future, but I’m sure it will be very exciting“.

So here with today, a first 2021 realisation for the new Binance Coin use cases, joining as a crypto payment method for products offered by the Pronhub site.

BNB token: price and ATH

Strategies to expand a token’s use cases could have consequences for its price.

Looking at Binance Coin (BNB), currently the tenth crypto by market capitalisation, here’s how it has fared over the past month.

At the end of December 2020, with the general rise in crypto prices, BNB had also hit its ATH of close to $40.

In the first two weeks of the new year 2021, the price of BNB has already reached a new all-time high of $47.

Bitcoin is headed for holiday volatility when 100,000 BTC options expire this Friday

The Bitcoin futures market has a significant expiration date of December 25.

In a tweet on Monday, the crypto-currency data provider, Skew, reported that 102,200 Bitcoin options will expire on Dec. 25.

Scaramucci’s SkyBridge Requests U.S. SEC to Launch Bitcoin Fund

Option contracts allow their holders to buy or sell Bitcoin at a specific price, which is known as the strike price. The December 25 expiration has notable clusters around the strike price of $15,000 and the exercise price of $20,000, according to Skew.

Expiration dates for BTC options, according to Skew

The expiration date of Bitcoin option contracts is widely considered to be a volatile event for the flagship crypto currency because, as the expiration approaches, holders adjust their contracts. Traders who make a profit can also decide to get paid and lower the price of the krypton currency.

Did Bitcoin’s price just present a „retail FOMO spike signal“? This indicator says yes

BTC options expiring on December 25 by exercise price, according to Skew

Such events are known to cause large fluctuations in the Bitcoin value. Usually, the impact of a contract on the BTC price becomes more evident approximately one or two days before expiration.

The record open interest of $6.5 billion in Bitcoin options was recorded after BTC’s all-time high

Crypto-derivative trading has soared this year as more traders and institutional investors seek additional exposure to Bitcoin. Last week, the crypto-derivatives platform, Deribit, began offering Bitcoin futures with an exercise price of USD 100,000 that expires on September 24, 2021. In other words, Bitcoin enthusiasts who think that cryptomone currency will reach a six-figure level can now take that bet in the futures market. .

Bitcoin is currently in the midst of a bull market that’s being driven in part by institutional investors and large off-market trades. Even with the anticipated volatility of futures, there’s a good chance that Bitcoin will remain well supported by institutional demand and the rise of so-called „illiquid wallets“ – addresses that have sent less than 25% of the BTCs they’ve ever received. Chainanalysis believes that illiquid wallets contain 77% of the 14.8 million mined BTCs that have not been lost.

CME becomes the second largest Bitcoin futures market

Approximately USD 2.3 billion in Bitcoin futures (BTC) will expire on Christmas Day, setting the stage for a volatile week in the crypto market.

A hedge fund reported buying $600 million worth of bitcoins

The head of hedge fund One River Asset Management, Eric Peter, said the company plans to increase its cryptocurrency assets to $1 billion by early 2021.

Hedge fund One River Asset Management, along with co-founder Brevan Howard Asset Management, billionaire Alan Howard acquired more than $600 million worth of cryptocurrency, Bloomberg writes. One River Digital Asset Management, a fund launched in October specifically to invest in cryptocurrencies, plans to grow its bitcoin and ether assets to $1 billion by early 2021.

The company bought cryptocurrency in November without attracting widespread attention so as not to provoke a surge in bitcoin. Coins were bought at a price of less than $16,000 per bitcoin. On December 17, the cryptocurrency rate reached $23.8 thousand, as of 15:20 Moscow time, bitcoin is trading at $22.7 thousand.

Northern Trust will act as administrator of funds of One River Digital Asset Management, cryptocurrency exchange Coinbase from the United States will be engaged in the execution of transactions and act as a custodial partner. Hedge fund head Eric Peter stressed that the cryptocurrency market has higher risks than gold, but it also offers higher profits.

The trader named an important support area for the Bitcoin price in the short term

Financial market forecasts are the private opinion of their authors. The current analysis does not constitute a trading guide. ForkLog does not assume any responsibility for the results that may arise from the use of the trading advice provided in the reviews.

The current market situation is described by trader Ilya Meshcheryakov.

The end of last week was very successful for the cryptovoltaic market – as I wrote in the previous review, the goals of the decline in figure have already been achieved, which means that in order to continue the upward trend, the bitcoin had to turn right from $16 300.

Fortunately for the bulls, this happened and the BTC is already trading above $18,800 with a stable domination index of 62%.

The outlook remains positive as the 17% correction has reduced overbought and knocked out much of the open interest in the long run without causing unnecessary panic.

The end of the correction is also predictable, with the formation of a triangle with an upward impulse exit. A good correction in terms of structure is in most cases considered a positive signal for further trend development.

A triangle at BTC with a subsequent upward impulse, as well as the current trend line with the assumed stop zone (red). Five-minute BTC/USDT chart from TradingView.

The current BTC growth is formed into an upward price channel with a clear trend line – such movements are not only beautiful, but also dangerous. This is due to the large number of buyers placing their stop orders below the trend line.

Pay attention to the $18,200-$18,400 zone – this is where SL buyers in the current short-term trend will most often be concentrated, so there is a high probability of a rollback to these values in the near future.

The longer term prospects indicate that the global maximum will be renewed as early as this year – this is strategically important for attracting new capital from investors with more available funds before and after the holidays.

I have already written in previous reviews that it is unlikely that the scale of this transition will be significant as it is very costly and the result of reaching the $25,000 or $30,000 mark will be approximately the same (from a fundamental point of view).

BTC’s levels of support and resistance in the medium term. BTC/USDT hour chart from TradingView.

Important levels in the case of a short term downtrend scenario are $18,070, $17,360 and $16,430, which would be good as entrance prices to the medium term long range.

The market thus showed us a structurally good correction, which ensured that growth resumed fairly quickly.

The championship will be taken by BTC, for which they will try to gather all forces to renew the historic high, and then begin to fix profits in altokoin, giving them a new impetus for growth.

Miksi Ethereum putoaa, kun Bitcoin blitisee yli 16 000 dollaria?

Ethereumin hinta kamppailee taas sekä Bitcoinia että Yhdysvaltain dollaria vastaan, kun taas BTC on vauhdissa. Samanlainen suuntaus tapahtui koko lokakuun, kun BTC nousi, kun ETH pysähtyi pitkään.

Todennäköisin syy Ethereumin pysähtymiseen meneillään olevan Bitcoin-rallin keskellä on BTC: n imurointi tilavuus kryptovaluuttamarkkinoilta.

Suurissa pörsseissä on valtava ero Bitcoinin volyymin ja muiden parhaiden kryptovaluuttojen välillä.

Tämä suuntaus saattaa esiintyä johtuen kaikkien aikojen korkeimman $ 16k: n ja $ 20k: n välisen vastuksen puutteesta. Sellaisena on tuleva kauppiaita, jotka panostavat aggressiivisesti BTC: hen, joka lyö 20000 dollaria.

Suuren volatiliteetin omaava Bitcoin saa Ethereumin ja Altcoinien hupenemaan

Kun Bitcoin nousee, Ethereum ja muut altcoinit eivät kasva. Mutta kun BTC putoaa, altcoinit putoavat yhdessä BTC: n kanssa.

Tämä sykli on aiheuttanut vaihtoehtoisten kryptovaluuttojen heikentyneen suurimmaksi osaksi sekä Bitcoinia että Yhdysvaltain dollaria vastaan ​​viimeisten 24 tunnin aikana.

Salanimellä toimiva kauppias, joka tunnetaan nimellä “Bitcoin Jack”, korosti, että BTC näkee samanlaisen jakson toistuvasti. Hän kirjoitti:

„Kun oikosulku, kun hinta taistelee vastustusta vastaan, hylätään se, tarkastellaan sitä uudelleen, pyyhkäisee sen jälleen hylätyksi, pyyhkäisee sen uudelleen, hylätään uudestaan, pyyhkäistään uudestaan ​​ja pidetään kiinni ilman vakuuttavaa myyntiä … Laske siunauksesi ei herättänyt sinua ylöspäin valhallaan ”

Epävarmuuden puute Bitcoinin suuntaan johtaa altcoinien vauhdin laskuun.

Huippumuodostus voi mahdollisesti olla panimo

Tekniset analyytikot ja kauppiaat viittaavat myös siihen, että salauksen valuuttamarkkinoilla voisi olla muodostumassa huippuyksikkö.

Bitcoin on kasvanut nopeasti lokakuusta lähtien ilman suurta vetovoimaa. Aikaisemmissa härkäjaksoissa BTC näki 20-30 korjausta säännöllisesti.

Amsterdamin pörssin kokopäiväinen kauppias Michael van de Poppe sanoi, että on aikaista kuvata BTC: n nousutrendiä vakuuttavaksi liikkeeksi.

”Voisi olla huippurakenne täällä markkinoilla. Ei ole varma, mutta silti ei vakuuttava siirto ylöspäin $ BTC: ssä ”, hän selitti.

Bitcoinin äärimmäisen volatiliteetin yhtymäkohta ja huoli mahdollisesta huipun muodostumisesta lisäävät paineita Ethereumiin ja muihin altcoineihin.

ETH Outlook pysyy kirkkaana keskipitkällä aikavälillä

Keskipitkällä ja pitkällä aikavälillä Ethereumin näkymät ovat kuitenkin edelleen positiiviset.

Joulukuussa ETH 2.0 -mainnetin odotetaan käynnistyvän, mikä parantaisi huomattavasti Ethereum-lohkoketjuverkoston skaalautuvuutta.

ETH on toiminut myös Ethereumin „lopullisen arvon vaihdettavuusvarallisena“, mikä antaa sille enemmän arvoa Ethereumin yleisen käyttäjän aktiivisuuden kasvaessa.

„Tarkemmin sanottuna, $ ETH on lopullinen arvon vaihdettavuuskerros / omaisuus Ethereumissa. Kaikki tiet / parit yhdistyvät ETH: hen (ja läpi), ja syystä. Se on alustan likvidein, turvallisin, hajautetumpi ja kaikkialla hyväksytty omaisuus „, salanimi Ethereumin analyytikko tunnetaan nimellä“ Aftab.eth „.

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