"Zeal will do more than knowledge.
- William Hazlitt
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Happy Saturday Folks! It's been one wild week. Last week Bitcoin was trading around $19,268.00 and as I type it's trading around $19,515.00 so Bitcoin is basically continuing the trend of acting like a Stablecoin for the past few weeks it appears. Let's recap the week shall we?
the price of Bitcoin closed at $19,623.58 and the sentiment was wildly positive with S2F creator buying the dip along side Institutions. Traders Pentoshi, Cowen, and Hayes all leaned positive, Rastani neutral, and Clark, Merten a bit on the negative side; I've discontinued covering several of these traders and "Analysts" since it appears their calls have been consistently incorrect - not easy trying to call this market. The most covered news of the day was about Kim Kardashian and it still baffles me that this story got as much press as it did.
Podcast of the Day: On The Brink: Alexandra DaCosta and David Yi (Aspen Creek) on a New Model for Renewable Mining
the price of Bitcoin closed at $20,336.84 and the sentiment was mainly bullish with miner metrics leaning a bit positive; HODLers are still HODLing and rising. Analyst Novogratz see the Fed steering the ship, Mucci predicts Crypto will decouple once we have clear regulation, and trader Kaleo things a squeeze is coming. The most covered news of the day was on-chain metrics show the Bitcoin price is primed for bullish explosion.
Podcast of the Day: The Pomp Podcast: #1099 Robert Breedlove On Money, Power, War & Bitcoin
Wednesday the price of Bitcoin closed at $20,160.72 and the sentiment was mainly bullish once again as Bitcoin traded above $20K once again; $14K is still a possibility it seems. Analyst Cuban is still bullish, while Woo is still looking for "max pain;" Bloomberg Analysts see Bitcoin, Ethereum, and other Altcoins outperforming most major asset classes. The most covered news of the day was Do Kwon saying his funds were not frozen.
Podcast of the Day:The Scoop - Block and Circle are teaming up to onboard crypto's next billion users
Right over the hump on the price of Bitcoin closed at $19,955.44 and the sentiment was still bullish as price continued to rise in the early part of the day; many looking for a violent breakout - which didn't materialize. Trader Rekt Capital sees a window of opportunity for Bitcoin and the bottom might take place in the next 1-3 months. The most covered news of the day was South Korean judge dismisses warrant for individuals involved in the Terra collapse.
Podcast of the Day: Stephen Livera: SLP419 Matthew McClintock- UHNW Bitcoin Strategies
As the week came to a close on the price of Bitcoin closed at $19,546.85 and the sentiment was a bit neutral as Bitcoin attempts to hang on to $19-20K range. Trader Kaleo continued to predict a massive impulse breakout for Bitcoin around mid-December, as Robert Kiyosaki suggest pension funds should now invest in Bitcoin. The most covered news of the day was BINANCE chain getting hacked for $570MM and this statement from CZ: “An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC. The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly.”
Podcast of the Day:Unchained: Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End
Told ya it was a wild week. As you might have been able to tell, I've reorganized the way I curate the news to make it a bit more easier to see what's going on. I focus on the top 10 Digital Assets since there is a tremendous amount of news esp as it applies to CeFi/DeFi, Web3, NFTs, etc. I highly encourage you to Follow Dat Money as well because this curation of news focuses on where the money is going, who is providing the funding which might be valuable for you if you are raising funds or looking to invest.
