Bitcoin, Major Altcoins corrige mientras Jenet Yellen señala ‚Preocupación‘ por el Crypto

Published Post author

  • El precio de Bitcoin está bajando y ha roto el soporte de 36.000 dólares.
  • El etéreo se corrigió a la baja de 1.440 dólares, el XRP está de nuevo por debajo de 0,300 dólares.
  • HBAR subió casi un 80% y ENJ extendió su subida un 45%.
El precio de Bitcoin no se mantuvo por encima del nivel de 37.000 dólares y cayó por debajo del soporte de 36.500 dólares. BTC incluso operó por debajo del nivel de 36.000 dólares y actualmente (05:00 UTC) está operando por debajo de 36.000 dólares. Si continúa bajando, los alcistas podrían tratar de proteger los 34.500 dólares.
Además, hubo una corrección a la baja en la mayoría de las monedas alternativas importantes. ETH/USD operó hacia los USD 1.440 antes de corregir por debajo de los USD 1.400. El XRP/USD también está bajando y está de nuevo por debajo de los niveles de pivote de USD 0,300 y USD 0,295.
Mientras tanto, el secretario del Tesoro de EE.UU. nominado Janet Yellen dijo durante una audiencia en el Comité de Finanzas del Senado ayer que „las criptodivisas son una preocupación particular“, cuando se trata de la financiación del terrorismo, y „tenemos que asegurarnos de que nuestros métodos para hacer frente a estos asuntos, con la financiación del terrorismo tecnológico, cambian junto con el cambio de la tecnología“.
„Creo que muchas [criptodivisas] se utilizan, al menos en el sentido de transacciones, principalmente para la financiación ilícita y creo que realmente necesitamos examinar las formas en que podemos restringir su uso y asegurarnos de que la lucha contra el blanqueo de dinero no se produzca a través de esos canales“, dijo.
Como se informó ayer, la proporción de delitos en toda la actividad de criptodependencia se redujo del 2,1% (21.400 millones de dólares de los EE.UU.) en 2019 al 0,34%, o 10.000 millones de dólares de volumen de transacciones en 2020.

Precio de Bitcoin

Después de otro fracaso por encima de 37.200 dólares, el precio de los bitcoins empezó a bajar de nuevo. BTC rompió los niveles de soporte de 36.500 y 36.000 dólares para entrar en una zona bajista a corto plazo. El precio ha bajado un 3% y podría seguir bajando hasta los 35.000 dólares. El próximo gran soporte está cerca de los 34.500 dólares, donde los toros podrían tomar una posición.
Una resistencia inicial al alza está cerca del nivel de 36.000 dólares. La primera resistencia clave para una nueva subida se está formando ahora cerca del nivel de 36.500 dólares.

Precio del etéreo

El precio del etéreo aumentó ayer e incluso rompió el nivel de 1.400 dólares. El ETH se negoció cerca de los 1.440 dólares antes de iniciar una corrección a la baja. El precio se negoció por debajo de 1.400 dólares y puso a prueba la zona de soporte de 1.340 dólares. Si hay más bajadas, el precio podría seguir bajando hacia el soporte de 1.275 dólares.
En el lado positivo, el precio se enfrenta a obstáculos cerca del nivel de 1.400 dólares. La siguiente resistencia clave está cerca de los niveles de 1.440 y 1.450 dólares, por encima de los cuales podría probar 1.500 dólares.

El precio de Bitcoin cash, litecoin y XRP

El precio en efectivo de Bitcoin probó el nivel de resistencia de 550 dólares antes de corregirlo a la baja. El BCH operó por debajo de los 520 dólares y ahora está probando el soporte de 500 dólares. Una clara ruptura y un cierre por debajo del nivel de 500 dólares puede posiblemente llamar a un empujón hacia el nivel de soporte de 485 dólares. En el lado positivo, el nivel de USD 525 podría actuar como una zona de pivote.
Litecoin (LTC) probó el nivel clave de resistencia de USD 165 antes de corregirlo a la baja. LTC operó por debajo de los 160 dólares y se está acercando al soporte de 150 dólares. Si hay más bajas, los osos podrían probar los 140 dólares. En el lado positivo, los niveles de USD 160 y USD 165 podrían actuar como fuertes obstáculos para los toros.
El precio del XRP subió hasta el nivel de 0,330 dólares antes de retroceder. No logró mantenerse por encima de la zona de soporte de 0,300 dólares de nuevo e incluso rompió el nivel de 0,295 dólares. El precio está bajando, pero hay muchos soportes importantes cerca de los 0,265 y 0,255 dólares.

El mercado de otras monedas alternativas hoy en día

Unos pocos altcoins ganaron más del 5%, incluyendo HBAR, ENJ, NXM, REN, MANA, OCEAN, STX, LUNA y VET. De estos, HBAR superó y se recuperó hasta el nivel de 0,10 dólares.
En general, el precio de la moneda de bits está bajando y extendiendo las pérdidas por debajo de los 36.000 dólares. Si no se mantiene por encima de 35.000 y 34.500 dólares, existe el riesgo de un mayor descenso a corto plazo.
23. Januar 2021

Pantera Capital sammenligner nuværende Bitcoin-rally med 2017

Published Post author

Pantera forudsagde januar 2021-prisen i april 2020.

Virksomheden citerer Mark Twain: ”Historien gentager sig ikke, men den rimer ofte.”

Pantera ser Bitcoin nå op på omkring $ 115.000 i august 2021

Vil du vide mere? Deltag i vores Telegram Group, og få handelssignaler, et gratis handelskursus og daglig kommunikation med kryptofans!

Pantera Blockchain Letter for januar 2021 undersøger også sine forudsigelser om bitcoin efter halvering og Ethereums værdi.

I sit seneste nyhedsbrev klappede Pantera Capital sig på ryggen for tæt forudsigelse i april 2020 af bitcoinprisen i januar 2021. Derefter kiggede den på de grundlæggende forskelle mellem 2017-boblen og den nuværende situation. Det undersøgte også Ethereum og fandt det undervurderet sammenlignet med bitcoin.

En uges fri

Pantera Capital startede sit nyhedsbrev i januar med at se på prisbevægelser på bitcoin siden halveringen i maj 2020. Efter at have forklaret de teoretiske virkninger af halveringen på bitcoinforsyning og -prissætning præsenterer virksomheden sammenhængene med sine forudsigelser. Kort sagt, de blev mere eller mindre til virkelighed.

Markedet forsinkede den forventede pris, der blev fastsat af Pantera, med så meget som 15 uger i sommeren 2020. I slutningen af ​​december var markedsprisen på bitcoin imidlertid lig med fremskrivningen. Desuden var fremskrivningen medio januar bagud med en uge.

Den næste dato, 15. februar 2021, har en forventet pris på $ 45,268. Tabellen viser priser indtil 1. august 2021 med en toppris på $ 115.212 på det tidspunkt.

Denne gang er det anderledes – og ikke

Efter at have peget på lighederne med bitcoins cyklusser baseret på prissætning af tilbud og belønning, så Pantera på forskellene mellem det nuværende boom og 2017-boblen. Forfatterne peger især på dominansen af ​​“nu bevist“ bitcoin og ethereum i dette løb. Tilsammen tegner de to sig for 86% af markedsvolumenet nu, i modsætning til ca. 50% i 2017.

Også markedet forstår miljøet mere tydeligt denne gang. I det foregående løb var den anden halvdel af markedsvolumenet „for det meste ikke-fungerende tokens“. Når de peger på hype omkring ICO-projekterne på det tidspunkt, giver de en skarp vurdering. „Det er åbenbart umuligt at komme med 50 geniale ideer hver uge, hver uge.“

Er Ethereum undervurderet?

Det tredje store tema for co-CIO’erne er Ethereums værdi. Joey Krug bemærker, at nogle bitcoin-relaterede data peger på en kommende drejning mod Ethereum. For eksempel,Bitcoin- dominans er i den høje ende af dens rækkevidde, hvilket kan føre til en rotation til Ethereum. Han advarer mod at sammenligne BTC og ETH meget, selvom „da digitalt guld og DeFi er to forskellige ting.“

Samtidig siger Krug, at på P / E-multipler er Ethereum lav. Således er sagen for Ethereum høj. Hvor meget? Baseret på transaktionsgebyrer er det nuværende underforståede P / E-multipel 79. Men „den underliggende brug vokser 25x (samlet værdi i DeFi) – 100x (DEX’er) år over år“.

19. Januar 2021

Deribits neue Optionen erlauben Bitcoin-Händlern, auf eine Rallye zu $100K zu wetten

Published Post author

Bitcoin-Händler können jetzt auf einen möglichen Preisanstieg auf $100,000 über die neuen Optionskontrakte der Krypto-Derivatebörse Deribit wetten.

Call- und Put-Optionen

Call- und Put-Optionen mit dem Ausübungspreis von $100,000, die am 24. September 2021 auslaufen, gingen am Donnerstag auf Deribit live.

„Ein paar Trades stattgefunden haben, wie bisher 45 [Call-Option] Verträge wurden gehandelt, „Luuk Strijers, Chief Commercial Officer bei Deribit, sagte CoinDesk.

Zum Zeitpunkt der Drucklegung hält die $100,000 Call-Option ein kumulatives Open Interest von 29,4 Kontrakten. Offenes Interesse bezieht sich auf die Anzahl der Kontrakte, die gehandelt, aber nicht über Gegenpositionen liquidiert wurden. Die $100,000 Put-Option hat noch keine Aktivität registriert.

Optionen sind Derivatkontrakte, die dem Käufer das Recht, aber nicht die Verpflichtung geben, den zugrunde liegenden Vermögenswert zu einem vorher festgelegten Preis an oder vor einem bestimmten Datum zu kaufen oder zu verkaufen. Eine Call-Option stellt das Recht dar, zu kaufen, und die Put-Option gibt das Recht, zu verkaufen. Auf Deribit stellt ein Optionskontrakt das Recht dar, einen Bitcoin (BTC, +0.4%) zu kaufen oder zu verkaufen.

Bitcoin wird über dieses Niveau steigen

Theoretisch ist der Kauf eines $100.000 Calls eine Wette darauf, dass Bitcoin am oder vor dem 24. September 2021 über dieses Niveau steigen wird, was die Option „in-the-money“ macht. Händler, die erwarten, dass sich der Preis in den nächsten drei Quartalen vom aktuellen Preis von $23.200 mehr als vervierfachen wird, können ihre bullische Sichtweise über den $100.000 Call ausdrücken.

Derzeit ist diese Call-Option, wie Händler sagen, weit aus dem Geld (d.h. der Kassakurs liegt deutlich unter dem Ausübungspreis) und wird zu einem relativ niedrigen Preis von 0,0475 BTC ($1.090 zum Zeitpunkt der Veröffentlichung) gehandelt. Im Vergleich dazu notiert der 24.000 $-Call bei 0,2870 BTC (6.588 $).

Händler kaufen während starker Haussephasen oft tief aus dem Geld liegende Calls. Das liegt daran, dass sie relativ billig sind und bei einer anhaltenden Rallye auf dem Kassamarkt erheblich an Wert gewinnen, was den Käufern hilft, mit kleinen Investitionen viel Geld zu verdienen.

Die Entscheidung von Deribit, Optionen auf den $100.000 Strike zu lancieren, kommt im Zuge der Bewegung von Bitcoin in das unerforschte Territorium weit über $20.000. Die Kryptowährung stieg schnell durch $21.000 und $22.000, um am Donnerstag ein Rekordhoch von $23.770 zu erreichen. Das Krypto-Asset wechselte bei Redaktionsschluss in der Nähe von $23.100 den Besitzer, laut CoinDesk 20 Daten.

Die Entscheidung, Optionen für die $100,000 Streik auslaufen im September 2021 zu starten wurde auf der Grundlage der Marktnachfrage und im Einklang mit Deribit Politik, Strijers sagte.

 

18. Dezember 2020

Bitcoin’s mining difficulties approach historical high with stable price at US$ 18,000

Published Post author

Mining difficulty in the network has increased 8.9% today, while the hash rate is over 130 EH/s.

Bitcoin Mining Difficulty Approaching Historic High with Price Stable at US$ 18 MilNOTTICES

The price of Bitcoin has hit a two-year high of over US$19,000 and has fallen to less than US$17,000 more than once in a week as the mining difficulty continues to grow.

There are 5 ways to get free cryptomorphs in Brazil
According to on-chain analysis provider Glassnode, the Bitcoin Crypto Bull mining difficulty (BTC) increased by 8.9% today, bringing the metric within 5% of its maximum value last month.

#Bitcoin mining difficulty increased 8.9% today.

It is now just 4.4% below its ATH.

Chart: https://t.co/qtmuDmTfGS pic.twitter.com/1eX63yBAgc

– glassnode (@glassnode) 29 November 2020

The rise in mining difficulty marked the start of the bullish cycles in 2013 and 2016, although it is not yet known whether the currency’s recent rise to around 3% from its peak price is a long-term one. The price of Bitcoin fell 11% last week as many whales moved some of their properties to exchanges and cost US$18,122 at the time of this publication.

Treasure hunt? Traders hide cryptomorphs for free in over 100 cities in Brazil
Increased mining difficulty can mean increased fees for users and the time required to generate a blockage, as well as increasing the number of unmined transactions in the Bitcoin mempool. According to Earn.com estimates, the optimal BTC transaction fee is currently 14,272 satoshis, or about US$2.60.

Blockchain Ethereum (ETH) has also had records recently. Glassnode reported that the network’s mining difficulty was at a two-year peak on Friday, after the price of the token fell from over US$600 on 23 November to US$513 in three days.

The network hash rate – an indication of how much computing power is being devoted to validating Bitcoin transactions – plummeted after the metric and mining difficulty of reaching an all-time high in October. Data from Blockchain.com show that metrics fell more than 27% between 17 October and 2 November, from 146.5 EH/s to 106.6 EH/s. The Bitcoin hashrate is currently 130.15 EH/s, according to BTC.com.

At the moment, the price of Bitcoin remains above $18,000, having risen 1.9% in the last 24 hours.

1. Dezember 2020

Crypto Market Cap guadagna 30 miliardi di dollari come Bitcoin Eyes $19K (Market Watch)

Published Post author

Bitcoin sale sopra i 18.500 dollari, mentre gli altcoin continuano a recuperare dalle recenti perdite. Il tetto totale del mercato sale a 555 miliardi di dollari.

A seguito del recente calo dei prezzi a livelli inferiori ai 16.500 dollari, il Bitcoin ha reagito positivamente e ha gradualmente aggiunto oltre 2.000 dollari di valore. Anche le monete alternative sono raddoppiate nelle loro sessioni di recupero, e il tetto totale del mercato è aumentato di altri 30 miliardi di dollari in un giorno.

Bitcoin recupera 18 mila dollari

Il Ringraziamento non ha fornito molte ragioni per ringraziare i tori di BTC, dato che la criptovaluta ha subito un vigoroso calo dei prezzi che ha portato alla perdita di oltre 3.000 dollari in ore.

Dopo aver toccato il fondo a circa 16.250 dollari, Bitcoin Evolution è riuscita a recuperare alcune delle sue perdite e ha scambiato circa 17.000 dollari per qualche giorno. La situazione è cambiata nel corso del fine settimana, quando la crittovaluta primaria ha iniziato a crescere gradualmente di valore.

La Bitcoin ha prima di tutto recuperato il prezzo di 17.000 dollari in modo decisivo prima di fare lo stesso con 18.000 dollari. A partire da queste righe, BTC ha superato i 18.600 dollari.

Da un punto di vista tecnico, i successivi ostacoli di Bitcoin si trovano alle linee di resistenza situate a 18.800 e 19.440 dollari prima di avere la possibilità di puntare a un nuovo massimo annuale.

D’altra parte, i livelli di supporto a 18.240, 17.850, 17.715 e 17.150 dollari potrebbero aiutare nel caso in cui la tendenza si inverta ancora una volta, e BTC si diriga verso sud.

Tre in fila: Altcoins Rallegratevi

Le monete alternative hanno sofferto di più durante il calo dei prezzi del Ringraziamento. Come la Bitcoin, però, sono state per lo più in verde per alcuni giorni consecutivi.

L’Etereum ha toccato il fondo a 485 dollari il 26 novembre. Tuttavia, la seconda più grande moneta criptata per limite di mercato ha recuperato la maggior parte delle sue perdite. Dopo aver aggiunto un altro 8% al suo prezzo nelle ultime 24 ore, l’ETH è risalito a 585 dollari.

Ripple (3,5%), Bitcoin Cash (5%), Binance Coin (4%), Cardano (5,5%) e Litecoin (7%) sono anch’essi in attivo.

Chainlink (9%) e Polkadot (11%) sono i più impressionanti top ten gainers. LINK è esploso a nord di 14 dollari, mentre DOT si è avvicinato ai 5,50 dollari.

Altri guadagni a due cifre sono evidenti dagli altarini a bassa e media cilindrata. Aave conduce con un aumento del 19%. Ampleforth (15%), Synthetix (14%), SushiSwap (13%), Yearn.Finance (11%) e Kusama (10%) sono i prossimi.

Naturalmente, l’andamento dei prezzi sopra descritto ha influito sul tetto totale del mercato. La capitalizzazione di mercato cumulativa di tutte le attività di cripto-valuta è salita a 555 miliardi di dollari. Ciò significa un aumento di 70 miliardi di dollari dal 26 novembre.

30. November 2020

HSBC Bangladesh implements first LC

Published Post author

According to a report, HSBC Bangladesh has executed the first LC letter of credit transaction, using Blockchain technology.

HSBC Banking Corporation in Bangladesh has issued its first LC letter of credit transaction. Of course, using Blockchain technology.

Indeed, a report released this news on 1st November. It noted that the transaction involved United Mymensingh Power LTD, a Singapore based energy company. The deal resulted in the company importing 20,000 tonnes of fuel for its power plant.

This document is issued by HSBC and prepared by the buyer. Primarily, to ensure that the seller receives the exact amount of funds.

Previously, it used to take between five and ten days. But, using the Bitcoin Method technology, it will be possible to execute the transaction in less than 24 hours. Then, if the buyer defaults, the bank must cover the balance or the full amount.

Moinuddin Hasan Rashid, Managing Director of United Group said: „Fuel oil LCs are very time sensitive, where every second counts. We believe that the Blockchain technology will help to manage time efficiently. And it will also ensure greater efficiency and better cost management„.

He added: „We are very excited about using the Blockchain technology for our imports. We understand that we are heading into a digital era and are ready to evolve in our effort to adapt to the changes.“

Mahbubur Rahman, Executive Director of HSBC Bangladesh also said:

„I am very happy that HSBC has pioneered the first Blockchain letter of credit transaction in Bangladesh.

HSBC Bangladesh’s first LC

In particular, the document issued by HSBC Bangladesh was produced on the Contour DLT platform. This is a solution built on the R3 Blockchain Corda. It connects financial institutions and corporate entities in a decentralised network of trade finance.

As indicated above, the transaction was used to settle the import of 20,000 tonnes of fuel oil from the United Group’s subsidiary in Singapore, United Mymensingh Power.

It should be noted that the bank is now responsible for payment if United Mymensingh Power Limited does not pay for the full 20,000 tonnes of fuel oil purchased from Singapore.

In fact, the SWIFT global payments service estimated that Bangladesh operations using LCs were worth more than $34 billion during the first half of 2020. HSBC Bangladesh therefore believes that the potential efficiencies for businesses are very considerable.

The Contour DLT platform

So far, different tests of the Contour network have been carried out and most of them have been broadcast during this year.

In short, the Blockchain technology can be used to execute cross-border transactions, for example with Singapore and Bangladesh. Also, in Vietnam and Thailand.

Interestingly, Contour’s first successful LC transaction took place between two major petrochemical companies, also in the Asian region, in August 2019. When the platform was known as Voltron

Concluding, Mahbubur Rahman said: „This shows our strong commitment and ability to support cross-border trade by Bangladeshi companies using state-of-the-art technology platforms„.

At the same time, he added: „I believe this will usher in a new era of international trade routing. As companies and governments recognise the transparency, security and speed of completion of tasks using Blockchain technology„.

I bid farewell with this statement from J.P. Sergent: „Success is not achieved by special qualities alone. It is above all a work of constancy, method and organisation„.

18. November 2020

Bitcoin consolideert tussen $14.600 en $15.800 als Bulls and Bears Contemplate Next Move

Published Post author

De munt IdolBitcoin zou aan $13.550 kunnen dalen als de lagere prijs wordt overtreden.
Sinds 5 november is de opwaartse beweging van Bitcoin vastgelopen onder de $16.000 aan overheadweerstand. De afgelopen week hebben kopers het moeilijk gevonden om boven het verzet uit te komen.

De koningsmunt schommelt nu tussen niveaus van $14.600 en $15.800. Op dit moment wordt de opwaartse beweging geconfronteerd met afwijzing op niveaus van $15.600 en $15.800. Vandaag de dag is de munt teruggekomen, maar werd afgeweerd op een niveau van $15.500. Bitcoin handelt op het moment van schrijven tegen $15.410.

Aan de andere kant zal een sterke bounce boven $15.400 steun de prijs opdrijven om de kleine weerstanden op $15.600 en $15.800 hoog te doorbreken. Het momentum zal worden versneld en er wordt een rally boven de $16.000 verwacht. Desalniettemin, als kopers er niet in slagen om het initiatief te nemen, zal de huidige zijdelingse beweging voortduren. Anders zullen verkopers profiteren om de lagere prijsklasse te doorbreken bij $ 14.600. Bitcoin zal dalen tot $13.550 als de lagere prijs wordt doorbroken.

Bitcoin-indicator lezen

De BTC-prijs ligt ver boven de SMA’s, wat een mogelijke opwaartse beweging van de munt suggereert. De munt ligt op niveau 71 van de Relative Strength Index periode 14. Het geeft aan dat de crypto zich in de bullish trend zone bevindt. De prijsstaven consolideren zich in de buurt van de $16.000 weerstand, wat een mogelijke doorbraak bij de weerstand suggereert.

Belangrijke verzetszones: $13.000, $14.000, $15.000…

Belangrijke Support Zones: $7.000, $6.000, $5.000

Wat is de volgende richting voor BTC/USD?
De BTC-prijs schommelt in een range als kopersdoel om de weerstand te breken bij $16.000. De geretoucheerde kaars testte het 50% Fibonacci retracement niveau. De implicatie is dat de markt zal stijgen naar niveau 2.0 Fibonacci extensie niveau. Dit staat gelijk aan $18.186,40 hoog.

11. November 2020

Bitcoin-prijs schendt $ 15K, Google Trends-gegevens tonen tekenen van FOMO

Published Post author

De bitcoin-prijs handelt opnieuw boven $ 15.000.

FOMO is schijnbaar op de BTC-markt verschenen, waarbij Google Trends de afgelopen dagen een toename in zoekopdrachten naar bitcoin liet zien.

Tekenen van algemene adoptie lijken op handen

Wil meer weten? Word lid van onze Telegram Group en ontvang handelssignalen, een gratis handelscursus en dagelijkse communicatie met cryptofans!

The Trust Project is een internationaal consortium van nieuwsorganisaties die standaarden voor transparantie opstellen.

De bitcoin-prijs heeft $ 15.000 overschreden, zelfs op het hoogtepunt van alle onzekerheid in de Verenigde Staten. Gegevens van Google Trends suggereren dat Bitcoin de interesse van de mainstream heeft gewekt.

Een golf van angst om te missen (FOMO) lijkt de bitcoin-markt te hebben getroffen . De BTC-prijs is sinds het begin van het jaar meer dan 100% gestegen, aangezien investeerders zoals Paul Tudor Jones, Square en MicroStrategy de dip kopen en de leidende cryptocurrency in de schijnwerpers zetten.

Ondertussen zet JPMorgan eindelijk zijn digitale valuta JPM Coin aan het werk, volgens Bloomberg , en heeft het zijn eerste transactie voltooid, wat waarschijnlijk een goed voorteken is voor de reguliere acceptatie.

Een opkomend tij lijkt alle boten op te tillen, waarbij de bredere cryptocurrency-markt grotendeels naast bitcoin in het groen handelt

Spencer Noon van DTC Capital tweette dat nieuwkomers in de cryptocurrency-ruimte er vaak voor kiezen om altcoins te kopen in plaats van bitcoin te midden van een voorkeur voor het bezitten van een volledige munt versus stapelende sats.

Ondertussen heeft Binance-CEO Changpeng Zhao van de gelegenheid gebruik gemaakt om zijn BTC-prijsvooruitzichten te verhogen, waarbij hij adviseert dat bitcoin nu naar $ 20.000 stijgt, waar het zijn hoogste punt ooit aan het einde van 2017 zou overtreffen.

Volgens Google Trends is er in de afgelopen zeven dagen een opmerkelijke toename geweest van het aantal ‚bitcoin‘-zoekopdrachten, met zoekopdrachten die een piek bereikten voor de maand op 5 november.

Ondertussen lijkt de infrastructuur van de industrie de weg te banen voor een grotere acceptatie op grote schaal en het gemakkelijker te maken om cryptocurrencies in de mainstream te integreren.

Op dit front kondigde de in Londen gevestigde cryptocurrency-startup Koinal aan dat het een deal heeft gesloten met handelsplatform Huobi die het voor beleggers gemakkelijker maakt om bitcoin te kopen met hun debet- of creditcards.

5. November 2020

Leverage fuels Bitcoin rally: Highest price since January 2018

Published Post author

The recent Bitcoin gains are arguably due to leverage orders.

On November 4, the crypto data website Crypto Quant has a chart published on which the estimated lever ratio is displayed on https://the-bitcoin-billionaire.com. The ratio is calculated by dividing the open interest by the Bitcoin (BTC) reserves and this has reached a new all-time high.

This record was set on November 3rd after the Estimated Leverage Ratio (ELR) on Binance surged above 0.18 for the first time due to a surge in open interest. Shortly thereafter, Bitcoin hit a double bottom at around $ 13,400.

New data suggests that the Bitcoin surge to its annual high of over $ 14,000 may have been fueled by leverage. That, in turn, could mean that the market could remain very volatile in the short term.

Estimated Leverage Ratio on Binance: CryptoQuant

However, Binance also saw its largest daily BTC outflow on November 3rd. Here, 58,861 Bitcoin within 24 hours flown by the Exchange.

Binance was not alone with such a surge. Data from Skew shows that total open interest in BTC futures has hit a new all-time high at around $ 5 billion.

The growing open interest has been seen despite BitMEX’s recent decline in market share . The US Department of Justice accused the exchange of money laundering.

According to Messari, the rise in open interest could indicate a „bullish sentiment“ provided that it is due to long positions. The research firm said also, the data would suggest that new capital could flow into the crypto area:

„Rising prices during an uptrend combined with rising open interest could mean that new money is flowing into the market.“

The amount of BTC on the stock exchanges has also steadily declined since May . This could indicate that buyers are withdrawing Bitcoin from the exchanges and putting them in cold storages for the longer term.

There have also been more and more long positions on Bitfinex since the beginning of October . The number of these has increased from 25,000 to 29,000. Although more short positions have been opened since October 20, these have doubled from 3,250 to 6,770, the bulls clearly have the upper hand.

In the past few hours, BTC has hit a new annual high of $ 14,500.

5. November 2020

The doping in the banking world. Bitcoin as a rehab clinic

Published Post author

Column – If you look at the status of the current financial system, it cracks on all sides. With a little imagination, you might say it is a junkie, addicted to undesirable habits.

All over the world money is scarce and needed, while on the other hand (central) banks create it to a large extent. Is Bitcoin the way to get rid of this addiction?

Everybody has the urge to be wealthy somewhere. Money doesn’t grow on our backs. There’s nothing to do but earn it. It is different for the financial system. Money creation is possible. Money is not covered by gold. (Digital) printing is the order of the day. Right now.

Where you used to be able to exchange the dollar at the Federal Reserve for gold, this standard was abandoned in 1971. The so-called Nixon shock put an end to this system. A series of economic measures taken by U.S. President Richard Nixon turned the dollar (and therefore any other fiat currency) into a kind of drug.

Central banks, such as the European Central Bank (ECB) and the American Federal Reserve, have the power to stretch the balance sheet. In this way, the ECB’s balance sheet grew to a peak in the past week. In 2020 alone, 2000 billion new euros have been distributed in the European Union.

It is not only in Europe where this situation occurs. Things are no different in America. Their balance sheet grew to $7,151 billion this week.

Do you see anything remarkable in these two graphs? Look at the years 2008 and 2020. Coincidentally, these are exactly the years of the crises. With every crisis, the central banks decide to make a cash injection. Each time they stretch the total money supply a little further.

Corona is to blame for the fact that the money printer has been turned on. After all, the motto is: save what can be saved. Even fiercer: of all the dollars currently in circulation, 22% have been put into circulation this year.

The whole idea behind this is: stimulate consumption and use. But for savings this is fatal. The value of money evaporates like an ice cube in the sun, as I wrote in a previous column: „The necessity of Bitcoin. Attention! Saving money costs money.'“
Physical laws unleashed

If you ask me this all looks like an addiction. The printing of money is something you prefer to avoid, but which happens anyway. But why? The answer is: nobody stops it. Money no longer has any physical value. The physical laws of scarcity have been abandoned. The creation of something out of nothing is possible. Money is not gold. Money is trust.

The banking world is like a junkie on a park bench. Always looking for more, more, more, because otherwise it creates an unpleasant situation. Just like a drug or alcohol addict can no longer live without it.

We live in a world based on guilt. If you are not in debt as a private individual, you are essentially richer than almost any country. Government debt is not a strange sensation.

In an economy that comes to an abrupt standstill, this causes problems. There are two solutions to this:

  • reforms and the cancellation of debt;
  • Pumping up the economy with new money.

Addiction

You can already feel it coming. At the moment the latter is happening. And that makes it an addiction. It is a drug. The way back is (almost) impossible. If we put it next to some of the criteria of an addiction, it has amazing similarities:

Tolerance: an ever-increasing dose (money) is needed for the same effect. And that is certainly the case (see the tweets above).
Abstinence symptoms: leaving everything as it is does not work. Banks need bailouts. Companies like KLM need help. Because it can be done. Because (apparently) it has to be done.

You use it longer than you want: Dutch politics started the year with a first support package to combat the coronacrisis. By now we are almost at the third package. The drug seems infinitely necessary. And don’t get me wrong: a social safety net and support packages can be extremely valuable. But what matters to me is the extent to which you become dependent on it.
You do everything you can to get it done: the central banks around the world are rushing to find ways to achieve even more. The new tool, the Central Bank Digital Currencies, must become the linchpin here. A bank account, directly at the central bank, that sounds great, doesn’t it?

In the meantime, the IMF is calling for cooperation from all over the world. Last week, Managing Director Kristalina Georgieva called for a new ‚Bretton Woods moment‘ during the annual meeting of the Executive Board. The idea: more cooperation between governments to get the world economy back on track.

 

27. Oktober 2020