Celo Price Poised for Bull Run: Target Price Set at $1.08

• Celo was trading with a bullish bias around $0.754 as buyers focused on undoing last week’s losses.
• A bullish cup-and-handle chart pattern has been identified, setting CELO up for a bull run.
• Support areas have been identified at the $0.60 psychological level, $0.563 50-day SMA, and the major demand zone at $0.48, with a target of $1.08.

Celo has been trading with a bullish bias in the last week, with buyers focusing on undoing the losses that occurred over the past few days. This has resulted in the formation of a bullish cup-and-handle chart pattern, which is a typical indicator of a bullish trend. This suggests that the price of Celo is poised for a major rally, with the target price set at $1.08.

The technical analysis of the Celo price chart has revealed that the turndown that occurred between Monday and Tuesday last week offered late investors a chance to buy the altcoin at a discount. This was followed by a sharp decline of 41% towards the $0.45 support level. Bouncing off this level, the price embarked on a recovery that was sustained for more than two weeks before being rejected by the same barrier. This price action has led to the appearance of a bullish cup-and-handle chart pattern, setting CELO up for a bull run.

At the time of writing, the Celo price is trading above the $0.735 demand zone, embraced by the 200-day simple moving average (SMA). The next line of defense on CELO’s downside is the 100-day SMA currently at $0.587. Additional support areas can be found at the 50-day SMA at $0.563 and the major demand zone at $0.48. Market participants can expect these buyer congestion areas to provide the hindwinds required to push the price higher over the next few days.

The Moving Average Convergence Divergence (MACD) indicator is also moving upwards, with the MACD line above the signal line. This suggests that the bulls are gaining the upper hand, leading to the emergence of a short-term bullish trend. The Relative Strength Index (RSI) is currently situated at the 64 level, indicating that the market is neither overbought nor oversold.

All in all, the technical indicators suggest that the Celo price is primed for an upswing, with the target price set at $1.08. Investors should keep an eye out for any potential reversal signals or price corrections in the coming days, as these could signal a shift in market sentiment.

Bitcoin Price Prediction Gains 2.37% as Bulls Take Control

• Bitcoin price prediction gains 2.37% as bulls take control of the market
• Bitcoin price is now at $23,208, with a market cap of $445 billion and a circulating supply of 19.2 million
• For the Bitcoin price to break above the $25,000 resistance level, the bulls must continue the upward movement above the 9-day and 21-day moving averages

As the crypto market continues to evolve, the Bitcoin price prediction is showing an upward trend. Over the past few days, the Bitcoin price has been steadily increasing, and it is currently trading at the $23,208 resistance level above the 9-day and 21-day moving averages. This comes after the king coin touched the daily high at $23,375, which is a 2.37% gain from the opening price of $22,671.

The bulls are working hard to nurture a bullish trend, and if they can continue the upward movement above the 9-day and 21-day moving averages, then the Bitcoin price could break above the resistance level of $25,000. The purpose of this movement is to provide a resistance level that is above the upper boundary of the channel as the technical indicator Relative Strength Index (14) keeps moving within the overbought region.

However, there is a chance of a quick retracement or sell-off should the Bitcoin price fail to break above the resistance level. This could be a result of selling pressure from the bears, as well as profit-taking from the bulls. To avoid this, the bulls must strengthen their position and continue to push the price higher.

In conclusion, the Bitcoin price prediction is showing a bullish trend, and if the bulls continue to take control of the market, then there is a possibility of the price reaching the resistance level of $25,000. However, if the Bitcoin price fails to break above the resistance level, then there could be a quick retracement or sell-off.

Donald Trump’s NFT Collection: Prices & Sales Soar 600% in 2 Days

• Donald Trump’s Digital Trading Card NFT collection initially sold out, then prices and sales skyrocketed before abruptly plummeting.
• Sales have recently started to soar once again, with total daily sales volume increasing by approximately 800%.
• Average sale prices have also increased, with the cheapest-listed NFT currently worth $454 worth of ETH.

The NFT market has been incredibly volatile lately, and much of it has been condensed into the first five weeks of Donald Trump’s NFT collection’s existence. The collection, which features digital trading cards with images of the former president, was initially mocked upon its release. However, the cards sold out quickly, and the prices and sales skyrocketed before abruptly plummeting.

Recently, the sales of the official Trump Digital Trading Card collection have started to soar once again. From Tuesday to Wednesday, the total daily sales volume increased by approximately 800%, going from about $34,000 to over $306,000. Data from analytics platform CryptoSlam, which currently shows almost $241,000 in sales so far today, supports this. The site’s 24-hour trade volume increased by 1,900% at one point this morning in comparison to the prior reporting period.

As the number of NFTs sold increased from Tuesday to Wednesday, so did the average sale price. Tuesday saw 115 transactions in total, with an average sale price of $296 worth of ETH per NFT. But yesterday, the totals increased to 704 NFTs exchanged at an average price of $435 per. The average price of sales so far today is roughly $670.

Data from NFT Floor Price also shows that the starting price has roughly doubled from $235 worth of ETH at the beginning of Wednesday to $454 as of this writing. NFT Floor Price tracks the price of the cheapest-listed NFT for projects across prominent marketplaces. This morning, it reached $500 momentarily.

Despite the recent surge in sales and prices for Donald Trump’s NFT collection, it remains to be seen if it will be able to retain its current level of popularity. Still, it’s an interesting development in the ever-evolving NFT market, and it will be interesting to see how the sales and prices continue to fluctuate in the coming days and weeks.

FSS Develops Crypto Monitoring Tools to Protect South Korean Investors

• The Financial Supervisory Service of South Korea is creating new instruments to continuously monitor crypto threats.
• FSS Governor Lee Bok-hyun reportedly disclosed that the agency plans to develop crypto monitoring tools and regularly inspect the risks associated with crypto assets.
• Data security, the FSS director emphasized, „is more crucial than anything else in order to prevent hazards in the virtual asset market.“

The Korean Financial Supervisory Service (FSS) is taking steps to ensure the safety of cryptocurrency investments in the country. In a recent conference, FSS Governor Lee Bok-hyun announced that the agency is creating new tools to monitor crypto threats.

Lee explained that the agency must have access to data in order to identify potential risks associated with crypto assets. To this end, the FSS plans to develop crypto monitoring tools and regularly inspect the risks. This will help the FSS keep an eye on the crypto market’s potential to disrupt the traditional financial system.

The governor also stressed the importance of data security for preventing hazards in the crypto market. He believes that data security is more important than anything else when it comes to preventing dangers in the virtual asset market.

In addition, the FSS is preparing a number of efforts for the risk management of the virtual asset market this year. This includes new disclosure requirements for crypto exchanges, as well as measures to protect investors from fraud and malicious activities.

The FSS is committed to ensuring the safety of cryptocurrency investments in South Korea. With the development of crypto monitoring tools and regular risk assessments, the FSS will be able to identify threats and protect investors from potential losses. In addition, new disclosure requirements and security measures will help ensure the integrity of the crypto market and protect investors from fraud.

Coinbase Listing Ignites KAVA Price Rally, Price Skyrockets to $1.1

• Kava price skyrockets to $1.1 after Coinbase listing
• Kava is up 9% to trade at $1.02 during the early European session on Thursday
• Coinbase lists KAVA, igniting Kava price rally

The crypto market was buzzing with excitement on Wednesday after the US-based exchange, Coinbase announced that it will add support for KAVA (KAVA) on the Kava network. This news was met with enthusiasm as crypto investors rushed to be the first ones to buy the decentralized blockchain token.

The listing of KAVA on Coinbase pushed the token’s price up significantly. Kava price broke past several stubborn resistance zones and blasted through the seller congestion zone at around $0.80. Bulls were able to stretch the token past the $1.00 mark, reaching the $1.10 mark for the first time since early November. At the time of writing, Kava is up slightly over 9% to trade at $1.02 during the early European session on Thursday.

The listing of KAVA on Coinbase has given many investors in the crypto market an opportunity to invest in the decentralized blockchain token. KAVA is tapping the power of both the Cosmos and Ethereum networks, making it a great investment opportunity. Coinbase has warned investors not to send the token to other networks but to the Kava network, to avoid losing funds. Inbound transfers for KAVA have been supported on Coinbase and Coinbase Exchange in the regions where trading is allowed.

The future of KAVA looks bright as the listing on Coinbase has opened up the token to a wider audience. This has, in turn, resulted in an increase in its price and many investors are hopeful that the price will continue to rise. With the current price of $1.02, many investors are viewing this as a great opportunity to invest in this promising token.

Overall, the listing of KAVA on Coinbase has been met with great enthusiasm and the token has seen an impressive price surge. With its increasing popularity, KAVA is becoming an attractive investment option for many investors. Investors are advised to take advantage of this opportunity and invest in KAVA for greater returns in the future.

Ripple CEO Optimistic About Upcoming Court Ruling in SEC Dispute

• Ripple CEO Brad Garlinghouse has said that he is optimistic about the company getting a ruling about its legal dispute with the Securities and Exchange Commission (SEC) soon.
• The legal spat between the U.S. SEC and Ripple started in 2020 when the regulator alleged that the crypto company and its executives had unlawfully sold XRP, a crypto developed in 2012, to investors without registering it as a security.
• Ripple denied the allegation saying that the XRP token should not be viewed as an investment contract and is used in the company’s business of facilitating cross-border transactions between banks and other financial entities.

Ripple CEO Brad Garlinghouse recently expressed his optimism about the resolution of the legal dispute between the company and the U.S. Securities and Exchange Commission (SEC). During an interview with CNBC’s Squawk Box Europe, Garlinghouse, who is also a defendant in the legal drama, said he expects the ruling to come in the first half of 2023.

The legal spat between Ripple and the SEC started back in 2020 when the regulator accused the company and its executives of unlawfully selling XRP, a crypto developed in 2012, to investors without registering it as a security. In response to the allegations, Ripple denied any wrongdoings and stated that the XRP token should not be viewed as an investment contract and is used in the company’s business of facilitating cross-border transactions between banks and other financial entities.

Both the accuser and the defendant submitted their last series of briefs in December 2022. While the SEC is seeking a summary judgement in its favor, Ripple is arguing that the court should dismiss the case. In the meantime, Garlinghouse is optimistic that the judge will make a ruling in the first half of 2023. He noted that he feels “very good about where we are relative to the law and the facts.”

The legal dispute between Ripple and the SEC has been closely watched by the crypto community, as the ruling could potentially have far-reaching implications for the industry. If the court rules in favor of the SEC, it could set a precedent that could affect the future of crypto regulation in the U.S. On the other hand, if Ripple wins the case, it could open the door for other crypto companies to challenge the SEC’s authority.

It remains to be seen how the case will play out, but it is clear that the crypto community will be closely monitoring the developments. Although Garlinghouse is optimistic about the resolution of the case, it is unclear exactly when the judge will issue a ruling. In the meantime, Ripple will continue to fight for its rights in court.

Peter Smith: Welke Bitcoin Bubble?

Smith zei dat „fragmentatie van liquiditeit“ een van de grootste veranderingen is die hij heeft opgemerkt in de markt sinds zijn eerste roadshow om fondsen te werven voor Blockchain.com’s Serie A ronde.

„Een paar nerds zijn samengekomen en hebben iets raars gemaakt. Ik vraag me af wat er mee gaat gebeuren?“

Dat is Peter Smith, CEO van het in Londen gevestigde Blockchain.com, als hij openhartig terugdenkt aan de ontvangst die investeerders hem gaven toen hij en zijn team in 2012 hun eerste rondes van Series-A pitches deden. Op dat moment bevatte het slide deck van het bedrijf geen financiële sectie. De prijs van Bitcoin System lag ergens tussen $15,25 en $7,20, met een crash die neerkwam op een daling van $2 tot $5.

Smith mijmerde dat 2012 – wat je het tijdperk van de ‚oudheid‘ zou kunnen noemen in de canon van crypto’s – vergelijkbaar was met waar hij de NFT-ruimte vandaag ziet. Het was mogelijk om geld op te halen, in bescheiden bedragen, maar er was nog steeds scepsis en onzekerheid. Termen als asset classes en ecosystemen kwamen in niemands woordenboek voor.

„Je moest mensen het hele ecosysteem en de bestaande activaklasse verkopen, en of het belangrijk was of niet,“ zei Smith. „Nu hoef je mensen dat niet meer te verkopen.“

Versnippering van liquiditeit

Smith zei dat een van de grootste veranderingen die hij in de markt heeft opgemerkt in de tijd sinds zijn eerste roadshow om de Series-A op te halen, de „fragmentatie van liquiditeit“ is. Dat is helemaal geen slechte zaak, zegt hij, want studenten van de cryptogeschiedenis herinneren zich misschien wat er gebeurde toen Mt. Gox, dat 90% van de markt had, instortte na een epische hack en fraude door leidinggevenden.

„Het heeft de ruimte een stuk veerkrachtiger gemaakt,“ zei hij.

2021 is inderdaad een heel andere tijd dan 2011 toen Blockchain.com werd opgericht; 2012 toen Smith & Co. hun eerste fondsenwervingsrondes deden; of 2017 toen Blockchain.com zijn Serie B-ronde van $ 40 miljoen afsloot.

Bij het overwegen van een beursgang, kijken bankiers naar de marktomstandigheden voordat ze lanceren. Geschiktheid is de sleutel, IPO in een zeepbel en het aandeel zal worden verdampt zodra de zeepbel barst. Evenzo, een IPO in een dalende markt en het bedrijf zal eeuwig ondergewaardeerd zijn.

Smith houdt niet van het woord „zeepbel“ als een descriptor, voor nu of dan-2021 of 2017.

„Het is grappig. Als je in elke ICO 1000 dollar zou hebben geïnvesteerd, en je zou die posities tot op de dag van vandaag hebben vastgehouden, dan zou je een uiterst succesvolle angel investor zijn – en er waren een heleboel vreselijke dingen.“

Forbes noemde 2017 als bitcoin’s ‚IPO-moment‘. Voorbarig misschien, want we weten nu dat een van de enige redenen dat publiek verhandelde blockchain-industrievehikels zoals bitcoin ETF’s over de eindstreep zijn gekomen, is omdat 2017 gebeurde, toezichthouders erop vertrouwen dat iedereen zijn lesje heeft geleerd en dat het niet opnieuw zal gebeuren.

Irrationele uitbundigheid

„Ik denk niet dat we ons in een bubbel bevinden. Het is niet zo dat er één ding is dat het aanjaagt. Je ziet een enorme institutionele adoptie van bitcoin, een vrij grote NFT ruimte. Er zijn veel trends binnen het ecosysteem, dus het voelt duurzamer dan andere marktcycli,“ zei hij.

Maar betekent dit dat we dichter bij een antwoord op de Blockchain.com IPO zijn? Immers, de succesvolle (zij het ondergewaardeerde) publieke notering van Coinbase zou de weg kunnen bereiden.

„Als Coinbase massaal succesvol is, schept dat ruimte voor een heleboel andere aanbiedingen,“ is het beste wat we kunnen krijgen. Misschien terecht, want welingelichte geesten hebben gewezen op alle regelgevende uitdagingen die ondanks het enthousiasme nog steeds op de loer liggen in de ruimte.

Crypto lijdt, zoals Smith het laconiek uitdrukt, aan „irrationele uitbundigheid“.

BTC price cements new ground

Green light for Bitcoin rally: BTC price cements new ground

The bitcoin engine is running hot again. After a short, but all the more crisp selling wave, various on-chain data give the green light for the next rally again.

With a daily gain of 1.5 percent, the bitcoin price continues the march of the past trading days. The losses since the record high at the end of February have gradually been recouped. For the week, the cryptocurrency is up 12.9 per cent and is trading at 54,700 US dollars as of the editorial deadline.

The upswing of the market-dominating cryptocurrency is also rubbing off on the Bitcoin Loophole altcoins. With the exception of Cardano (ADA), the top 10 largest cryptocurrencies have posted price gains of between 3.9 (Polkadot) and 24 per cent (Uniswap) in a 7-day comparison. Thus, the total market capitalisation of currently 1.74 trillion US dollars is only 40 billion US dollars below the record high of 22 February. However, looking at the crypto bandwagon’s on-chain data, this gap should close quickly.

Miners curb Bitcoin sales

While the bitcoin price was still under the wheels in the course of profit-taking and panic selling shortly after the all-time high, according to the latest week-on-chain report from crypto data portal Glassnode, various indicators are pointing to an end to the mini-consolidation. A major factor in the correction phase was miners who „made huge CAPEX and OPEX investments in ASIC hardware and equipment“. In order to cover these operating costs, they had to constantly sell large amounts of bitcoin. However, this selling pressure seems to be gradually diminishing. According to the report, „the rate of miner sales is declining“. Thus, „it appears that miners are returning to neutral or accumulation mode“.

Another indication of an upward trend is the Bitcoin distribution of long-term investors who hold their coins for a period of at least 155 days. While a broad selling trend was still evident between October 2020 and early January, „this distribution behaviour has slowed down“. Long-term investors are „still distributing around 44,500 BTC per day“. However, the slowdown proves „that long-term investors, similar to mining operations, are taking profits but certainly not rushing to exit“. Thus, „the trend is shifting towards a decline in spending“.

La diminuzione degli afflussi di Bitcoin Trust

La diminuzione degli afflussi di Bitcoin Trust in scala di grigi blocca il prezzo di BTC dal recupero di ATH: Analisti JPM

Secondo gli analisti di JPM, i decrescenti afflussi di Bitcoin Trust di Grayscale impediscono alla crittovaluta di recuperare il suo valore più alto di tutti i tempi.

Bitcoin avrà difficoltà a recuperare 40.000 dollari, dato che gli afflussi verso il Grayscale Bitcoin Trust (GBTC) si sono ridotti nelle ultime settimane, hanno Bitcoin Pro sostenuto gli strateghi della gigantesca banca d’investimento multinazionale statunitense – JPMorgan Chase & Co.

Gli afflussi verso il GBTC non sono sufficienti a spingere BTC più in alto

Gli analisti di JPMorgan, guidati da Nikolaos Panigirtzoglou, hanno evidenziato il ruolo della scala di grigi in termini di adozione di BTC e di sviluppo dei prezzi.

Allo stesso tempo, hanno ragionato sul fatto che se gli afflussi degli investitori istituzionali si fermano o scendono al di sotto di una certa soglia, il prezzo degli asset potrebbe risentirne. Hanno raddoppiato il loro racconto in un recente rapporto, citato da Bloomberg.

Il grafico sopra riportato dimostra l’elevata correlazione tra l’andamento dei prezzi di BTC e il totale degli afflussi settimanali nel Grayscale Bitcoin Trust.

Utilizzando questi dati, gli strateghi hanno delineato il possibile pericolo di un’ulteriore correzione del bitcoin, dato che gli afflussi di GBTC hanno raggiunto il picco all’inizio di questo mese e sono gradualmente diminuiti. Di conseguenza, la mancanza di consistenti allocazioni potrebbe impedire che il prezzo delle attività raggiunga e superi il livello di 40.000 dollari.

„Al momento, l’impulso istituzionale di flusso dietro il Grayscale Bitcoin Trust non è abbastanza forte per far sì che il Bitcoin superi i 40.000 dollari“. – hanno affermato gli analisti.

Inoltre, hanno avvertito il contrario, poiché c’è il rischio che „i trader di momentum continuino a srotolare le posizioni sui futures Bitcoin“.

La criptovaluta primaria ha visto un massimo storico all’inizio di gennaio a $42.000, ma ha subito un crollo di valore nelle settimane successive ed è persino scesa sotto i $30.000 in alcune occasioni.

GBTC e investitori istituzionali

Poiché i principali strateghi di una delle più grandi banche d’investimento del mondo ritengono che i flussi istituzionali verso la GBTC abbiano un impatto significativo sul prezzo di BTC, vale la pena di esplorare i dati disponibili per verificare se il principale asset manager digitale ha effettivamente visto una riduzione.

Il 2020 si è rivelato essere l’anno di maggior successo per l’azienda, che è riuscita a decuplicare l’AUM da circa 2 miliardi di dollari alla fine del 2019 a oltre 20 miliardi di dollari. Inoltre, la scala di grigi ha visto più afflussi nell’ultimo trimestre (4° trimestre 2020) che nei primi sei anni di esistenza messi insieme.

Il nuovo anno è iniziato anche con un botto, poiché l’amministratore delegato di Grayscale, Michael Sonnenshein, ha rivelato che gli investitori istituzionali hanno stanziato quasi 1,3 miliardi di dollari in GBTC in una sola settimana. A titolo di confronto, il flusso medio settimanale nel miglior trimestre dell’azienda è stato di 217 milioni di dollari, ovvero circa sei volte meno.

Tuttavia, quella settimana record è arrivata dopo che Grayscale ha aperto il Trust per i nuovi investitori dopo una pausa di tre settimane. Questo potrebbe essere il motivo alla base dei numeri inaspettatamente alti e potrebbe giustificare la successiva riduzione dei flussi in entrata e del prezzo di BTC.

Het behoud van de rijkdom zal Elon Musk dwingen om Bitcoin te kopen.

Als je aandacht hebt besteed aan Crypto-Twitter, waar Elon Musk ofwel de neiging heeft om sarcastische grappen te maken over Bitcoin, ofwel om iets te posten van ruimtevaarttechnologie tot anime, dan is het geen nieuws voor jou dat de miljardair de positie van de rijkste man ter wereld heeft weggerukt van collega-biljonair Jeff Bezos, die de positie sinds 2017 in handen heeft gehad.

Musk, die in 2020 nauwelijks tot de top 50 van rijkste mensen behoorde, heeft nu een duizelingwekkende waarde van 184 miljard dollar, dankzij de stijging van de aandelen van zijn bedrijf in Tesla. De fabrikant van elektrische voertuigen overtrof de voorraad van Facebook een paar dagen geleden, met meer dan 7% aanwinsten, wat zijn marktcap op bijna $800 miljard bracht.

Musk die reageerde op zijn nieuw verworven rijkdom met „Hoe vreemd, goed terug aan het werk“ is het gesprek van fintech Twitter, vooral Crypto-Twitter. Te midden van verschillende felicitatieberichten begon Crypto-Twitter een gesprek over de beste strategie voor het behoud van rijkdom die Musk kon toepassen, en hoewel de CEO eerder had ontkend Bitcoin Investor te bezitten, voorspellen Bitcoiners dat Musk binnenkort geen andere keuze zal hebben dan zich in te kopen in Bitcoin.

Vorig jaar hebben een paar miljonairs de cryptocentrische markt betreden toen de inflatie katapulteerde. En naarmate de Amerikaanse regering meer geld blijft drukken, zal de inflatie niet snel tot het verleden behoren en zullen de rijken minder snel een andere keuze hebben dan Bitcoin, dat al beter presteert dan „goud“, een oude favoriet in de industrie.

Als Musk besluit om de duik in Bitcoin te nemen, zal Crypto-Twitter in vuur en vlam staan. Een bullish price rally zal waarschijnlijk volgen op een adoptie die zeker zal schrikken, maar voor veel spelers in de industrie zal het geen verrassing zijn. Gezien het feit dat het fiat zijn waarde blijft verliezen, lijkt Bitcoin de beste gok voor de miljardairondernemer.

De spelers uit de industrie deelden hun mening over dit gezegde;

„Als Elon muskus Bitcoin koopt, komt dat omdat hij weet dat Bitcoin interplanetair geld is. We gaan een verdomde zijlijn hebben op Mars.“

De maan is niet eens ver genoeg.

Een andere Bitcoiner had dit te zeggen;

„Gefeliciteerd Elon muskus voor het feit dat hij de rijkste man op aarde is geworden. Koop nu Bitcoin om die rijkdom te behouden, anders zal Michael Saylor je in 2022 omdraaien.“

Ondertussen is Barry Silbert van Grayscale er al zeker van dat de miljardair al enkele Bitcoins in zijn bezit heeft. „Twitter gaat absoluut zijn shit verliezen als Elon/Tesla bitcoin holdings onthult,“ tweette hij.

En verrassend genoeg kan Elon Musk’s recente reactie op het ontvangen van betaling in Bitcoin een hint zijn dat hij al bezig is met het kopen van Crypto. Toen de auteur van de Bitcoin-gecentreerde film „Accidental billionaires“ naar Twitter ging om te zeggen dat hij nooit meer in bitcoin betaald zou worden, antwoordde Musk met „ik ook niet“.