"Fear and growth go hand in hand. When you courageously face the thing you fear, you automatically experience the growth you have been seeking." -Sandra Gallagher
Big News Of The Day: Mayor of Cool Valley, Missouri, to Mine Bitcoin for Town's Citizens
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TOP NEWS
The mayor of a small town in the state of Missouri told his Twitter subscribers that he is going to mine Bitcoin and give it out to the town's residents; remember he is airdropping $1,000 in Bitcoin to each citizen. In addition, MicroStrategy has spent $82 million to acquire 1,434 bitcoin, the company announced on Thursday.
Bitcoin (BTC) recovered above $48,000 on Dec. 10 after another fall took BTC/USD to lows of $47,350 overnight. But, technical analysis suggests that Bitcoin has a chance of diving further due to existing selling pressure on the market. On the other hand, most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC on Dec. 9.
U.S. could ‘embrace Crypto in 2022’ and Mike McGlone is predicting the Bitcoin price "appears to be on a trajectory for $100,000" and the Ethereum price could hit $5,000. Meanwhile, in a recent tweet, prominent trader Peter Brandt called attention to the ominous double top pattern that he thinks is being ignored by Bitcoin traders. He's not alone, revered penny stocks trader Timothy Sykes is not afraid of calling a spade a spade and more so after his recent escapades with crypto that left him more than convinced that things could get even uglier.
Crypto analyst Justin Bennett is saying the direction of Cardano (ADA) and Ethereum’s (ETH) price will likely depend on whether Bitcoin (BTC) exhibits bullish or bearish behavior. A widely followed crypto trader, Smart Contracter, is predicting bullish scenarios for BINANCE Coin (BNB) and Ethereum (ETH) while saying that the utility token of FTX exchange (FTT) is about to bottom.
Florida Governor Ron DeSantis has officially proposed the state government to allow businesses to pay state fees with cryptocurrencies like Bitcoin (BTC). Binance, the world’s largest crypto exchange by trading volume, is reportedly in talks with Indonesia’s richest family, the Hartonos, to open a crypto exchange; they own the largest bank.
Looking at regulation, Indian government will say its final word on the bill that could potentially impose jail time for illegal cryptocurrency usage.
With the good, comes the bad. The Securities and Exchange Commission (SEC) has obtained a judgment against the the lead promoter of alleged Ponzi scheme BitConnect, according to a new release from the regulator.
Best Performing Top 10 Asset is: BTC - $49,161.23
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