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$BTC Weekly Timing Where Low "Could" Be In FIBOSWANNY
Happy Tuesday folks! Yesterday the news started off slow but ended up with a few big stories. First we learned that Circle was no longer going public, then Nexo announced they were leaving the US due to regulatory climate, and then Vitalik Buterin discussed his "excitement" for five future Ethereum features.
Today the most covered news so far is Bitcoin mining recording it's biggest difficulty drop in 2022, Goldman Sachs is going on a Crypto firm buying spree as a result of the FTX Fiasco, Strike is enabling payments in 3 African countries, CZ calling SBF a fraud, and the court approving Celsius an extension on their bankruptcy filing.
Meanwhile, the "Wolf of Wall Street" warns investors not to touch Crypto "with a 10-foot pole;" he should loop Bitcoin in with that because there is a difference. Jim Cramer is right behind him saying, "it's never too late to sell and awful position." Peter Schiff says Bitcoin can reach $5K; the bears are on parade! But some bulls still remain like Raoul Pal who says Bitcoin, Crypto, and stocks are ready to go exponential. Willy Woo believes Bitcoin is in the midst of a multi-month accumulation bottom despite FTX debacle.
Meanwhile, Bitcoin price consolidates and holds $17K as tech stock index slips. Double bottom speculation raises hopes for Christmas, Ethereum net issuance since merge reaches 2,400 so the deflation experiment might have failed, BNB might reach generational top against Bitcoin, XRP is showing signs of reversing with 119K accounts being created since November, DOGE might be crashing, and Litecoin rally isn't over.
Podcast of the Day: Being A Bitcoiner in a Crypto World with Alex Strzesniewski of AngelBlock | The Charlie Shrem Show
SOURCES
CRYPTO MARKET
- ‘Father of the iPod’ helps LEDGER create new cold crypto wallet (Cointelegraph
- a16z appoints ex-CFTC commissioner Quintenz head of policy (
- ‘Wolf of Wall Street’ J. Belfort warns investors not to touch crypto ‘with a 10-foot pole’ (
- Jim Cramer on Crypto Investments: “It’s Never Too Late To Sell an Awful Position” (Cryptoglobe
- Crypto Capital Reset Underway Following Final Flushout: Glassnode (CryptoPotato
- Price Slump For Bitcoin Looming As VIX Rises Back Above 20 (
- Bitcoin's Stagnant Crypto Dominance Points to Investor EXODUS After FTX Bankruptcy (
- Peter Schiff Says Bitcoin Can Reach $5,000 (
- Calm Before the Storm? Bitcoin Consolidates at $17K (Market Watch) (CryptoPotato
- Bitcoin Price Holds $17k as Tech Stock Index Slips (Blockworks
- Double Bottom Speculation Raises Hopes For Christmas (Trustnodes
- Machine learning algorithm sets Bitcoin price for December 31, 2022: $18,796.94 (
- Central Banks Around the World Will Adopt Bitcoin As Reserve Asset, Says BTC Bull Mark Yusko (
- Bitcoin: From 70% drop to 1,300% jump, Novogratz, Draper and more chime in on future (
- Macro Guru Raoul Pal Says Bitcoin (BTC), Crypto and Stocks Are Ready To Go Exponential – Here’s Why (
- Bitcoin in Midst of Multi-Month Accumulation Bottom Despite FTX Debacle: On-Chain Analyst Willy Woo (
- Bitcoin price recovery possible after record realized losses create a healthier market (Cointelegraph
- Bitcoin Lightning company Strike enables payments to 3 African countries (Cointelegraph
- Bitcoin advocate dishes out sats over Lightning Network to raise BTC awareness (Contelegraph
- Bitcoin Miner Riot Switches Mining Pool After Falling Short in November (
- Bitcoin ‘Mining Industry Is Under Under Extreme Stress’, Says Crypto Analytics Firm (Cryptoglobe
- Bitcoin Mining Difficulty Records Biggest Drop of 2022. Here’s Why (Cointelegraph
- Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry (
- Built With Bitcoin Foundation Opens New Technology Center in
ETHEREUM
- Ethereum Net Issuance Since Merge Reaches 2,400, Has Deflation Experiment Failed? (
- November 2022 – Ethereum Number of New Smart Contracts Fell by 58% (
- Hidden XRP Signal Shows Important Reversal Ahead: Crypto Market Review, Dec. 5 (
- 119,000 XRP Accounts Have Been Created Since November, Total Number Getting Insane (
- This Is The Biggest Danger For Ripple In Its Legal Battle Against The SEC, Attorney Says (Bitcoinist
- SEC ‘Failed To Carry Its Burden As to Each of the Three Howey Elements’ in $XRP Case, Ripple’s Lawyers Say (Cryptoglobe
- Ripple CTO shuts down ChatGPT’s XRP conspiracy theory (Cointelegraph
- Jim Cramer Says Cardano, XRP and Dogecoin Might Crash to Zero (
- Why is Dogecoin (DOGE) crashing? Here’s what you should know (
- Litecoin Price Prediction: Why LTC’s Rally is Far From Over (
LEGAL BATTLES
- Court Approves Celsius Extention To Submit Chapter 11 Reorganization Plan In 2023 (Cointelegraph
Other Podcast
- PlanB: Bitcoin Price Can Get To $100,000. Or $1 Million. | The Wolf of All Streets
- #379: From Neuroscience to Bitcoin Proof of Reserves with Sam Abbassi |
- Bitcoin Self Custody w/ The TREZOR Team | Bitcoin Magazine
- Fighting the Surveillance State "Central Bank Digital Currencies" with Natalie Smolenski and Sam Callahan - December 5th, 2022 | Cafe Bitcoin
- ??Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It? | Unchained
- #1132 Tim Draper On Elon Musk, Tesla, Bitcoin & The Future Of The U.S. | The Pomp Podcast
- 2-hour sit-down with Sam Bankman-Fried on the FTX scandal | The Scoop
- SBF Declines a Congressional Invite; Alameda CEO Is Seen in New York City | The Breakdown
- Dec 5: SBF Spits in the Face of Congressional Authority | Decrypt Daily
- Ryan Condron | The Mining Pod
FTX FIASCO
- Binance CEO calls Sam Bankman-Fried 'one of the greatest fraudsters in history' (Cryptoglobe
- Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning' (Cointelegraph
- Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law Decoded (Cointelegraph
- Silvergate Claims Customer Funds Are Safe Despite BlockFi and FTX Exposure (
- Goldman Sachs sees crypto investment opportunities after FTX fiasco: Reuters (
- Maxine Waters Is Not Playing With SBF. Says It Is Imperative That He Attends Their Hearing (CryptoPotato
- Gensler to brief House Democrats in run-up to FTX hearing: Exclusive (
