#BlackRock the world's largest asset manager with a massive $10 trillion valuation, has adjusted its #bitcoin #etf application following on #SEC feedback. Should a mere 1% of investment fund assets transition to$BTC it could significantly impact the #cryptocurrency market once the Bitcoin ETF is approved. BlackRock's move is just the start; a domino effect is likely.
#Mastercard launches "Mastercard Crypto Credential," a #Web3 solution that provides a unique identification number to users to strengthen verification, reduce financial loss, and prevent malicious activities in the digital asset sector.
European & US stocks has suffered domino effect from banking sector chaos as investors grew cautious over the value of industry bond portfolios after #SVB collapse. The Central Bank meets on Thu to decide its next interest rate move & this will heavily affect the market direction
The weekly price action of #BTCUSDT saw the $21,000 support manages to hold & push #bitcoin to the upside to face strong resistance at $25,000 price range again. Should $BTC breach above this resistance area we can expect a push to newer highs 📈 🙏
Buyers failed to break out #btc weekly resistance (at 25K) but new Bullish Engulf pattern has been formed as monthly candle closing out. Be careful with Long as the #bitcoinprice might want to test out 16-18.5K monthly zone.
Patiently waiting for $BTC to test out weekly resistance (23-25K). Breakout above the zone could potentially see the price reaching 29-32K. #bitcoin has recently broken the ceiling of the downtrend in medium long term, which indicates slower falling rate.
#Amazon is making its first move into the crypto industry by launching an #NFT initiative focusing on #Web3 gaming & related NFTs tentatively in Spring #2023.
💡Amazon’s entry into the Web3 industry could be a push to considerable increase in #crypto2023 mass adoption globally.
#BTC investors has locked a total of $213B Realised Loss over the last 365-days compares to $455B yearly profits made in 2020-21 bull run. This reflects a relative capital loss of 47% of the bull market gains, similar scale to the 2018 cycle.
Brazilian lawmakers have approved a complete regulatory framework to allow & recognize bitcoin as a digital representation of value that can be used as a means of payment & as an investment asset in the South American.
#Bitcoin Worth $2 Billion Transferred from #Binance as part of exchange's reserves audit.
Binance has recently introduced its first proof-of-reserves system,a prototype aiming to show it holds the reserves necessary to cover all customer deposits. A complete audit is ongoing.
A #BAYC Sold For Nearly $1M Today by #ChainCEO who used to buy a #CryptoPunks NFT for a record-setting $23.7M.
The NFT market isn’t dead, but significantly weakened. Data from #DappRad shows approximately $700M worth of NFT sales in Oct compared to $5.36B in Jan.
U.S. Senators urge #Fidelity who has an assets of $4.5 trillion under management to stop offering #Bitcoin in the retirement plans following FTX fallout.
COMMUNITY FEARS FTX DOMINO EFFECT MIGHT AFFECT #GRAYSCALE
Grayscale owns 3.3% of the #btc market cap i.e 640k btc. LUNA owned only 80k btc. If they are forced to sell the holding, the price is expected to drop significantly. I wish this is unlikely to happen.
FTX saga spectacularly imploded this week and triggered fears among the users. Realizing the need to revamp how CEX should operate, Vitalik writes a 'SAFE CEX' which does not allow CEX to withdraw a depositor’s funds without consent🔏