TOPMAN UIT NEW YORK ZIET BITCOINPRIJS OP $150.000 TEGEN Q1/2022

Er is niets dat Bitcoin ervan weerhoudt om te proberen een activa met zes cijfers te worden, zo verklaarde de Magentic-directeur William E. Quigley in een interview met CNN Business.

De in New York gevestigde senior executive noemde een reeks redenen achter zijn bullishness op Bitcoin, ‘s werelds toonaangevende gedecentraliseerde cryptocurrency waarvan de koers steeg van zo laag als $3.858 net iets minder dan $58.500 in de afgelopen 12 maanden. Ze omvatten de schaarste van Bitcoin en de groeiende vraag onder mainstream bedrijfshuizen die op zoek zijn naar alternatieve store-of-value activa voor hun balansen.

Een vooraf ingebouwd algoritme in de broncode van de Bitcoin-blockchain halveert de aanvoersnelheid elke vier jaar of na elke 210.000 blokken – een gebeurtenis die bekend staat als “halvering”. Ondertussen kunnen er maar 21 miljoen BTC tokens bestaan, waardoor de cryptocurrency schaars wordt, waardoor het op de lange termijn meer waard wordt als de vraag ernaar stijgt.

Bitcoin heeft in het verleden drie halveringen gehad. De aanbodverminderingen van november 2012 en juni 2016 zagen de BTC/USD-koersen springen van ongeveer $ 12 naar bijna $ 1.150 en $ 650 naar bijna $ 20.000.

Ondertussen heeft de derde halvering, die plaatsvond in mei 2020, tot nu toe geleid tot een stijging van 558 procent. Het bracht de heer Quigley ertoe om een bullish fractal te zien.

“We zijn ongeveer halverwege de post-halving bull run,” merkte de executive op. “Dus, naar mijn oordeel, hebben we nog veel meer te gaan met Bitcoin. Zeker honderdduizend en heel goed mogelijk een $150.000 tegen het einde van dit jaar tot misschien Q1 volgend jaar.”

MAAR

Voor velen is de schaarste van Bitcoin een truc om “gedegenereerde gokkers” te lokken om erin te investeren.

Econoom Nouriel Roubini, Peter Schiff, CEO van Euro Pacific Capital, en financieel commentator Frances Coppola beweren dat veel cryptocurrency-projecten de open-source code van Bitcoin hebben gebruikt om namaak tokens te ontwikkelen. Dat is iets heel anders als je kijkt naar goud, een edelmetaal dat wel aan namaak maar niet aan kopiëren onderhevig is.

De voorstanders van Bitcoin verdedigen het door de factor “vertrouwen” in te brengen. De gemeenschap gelooft meer in bitcoin dan in zijn na-aper rivalen dankzij zijn ongeëvenaarde netwerkeffecten met geen enkele geschiedenis van teruggedraaide transacties, hacks met dubbele uitgaven en 51 procent-aanvallen. Mensen zien bitcoin als het meest veilige publieke grootboek.

DE VRAAG NAAR BITCOIN GROEIT

Dat verklaart waarom zelfs bedrijven het vlaggenschip van de cryptocurrency zijn gaan omarmen als alternatief voor contant geld. Tesla, ‘s werelds grootste producent van elektrische auto’s, onthulde in februari dat het voor 1,5 miljard dollar aan bitcoin op zijn balans heeft gezet, en merkte op dat het de cryptocurrency ook zou gaan accepteren voor zijn diensten en producten.

MasterCard, een creditcardgigant, kondigde in dezelfde maand aan dat het crypto-tools zou integreren in zijn diensten. Bank of New York Mellon, het eerste bankbedrijf van de VS, voegde zich in de gelederen door aan te kondigen dat het bitcoin custodianship zou aanbieden via hetzelfde platform dat zijn klanten gebruiken voor traditionele effecten en contant geld.

“Uit de laatste enquête die ik zag, bleek dat 5 procent van de beursgenoteerde bedrijven in de VS zou overwegen om Bitcoin aan hun balans toe te voegen,” zei de heer Quigley. “En de reden dat ze dat denken is dat bedrijven triljoenen dollars in contanten hebben – en waar laten ze die? Er zijn staatsobligaties, maar 17 biljoen dollar daarvan levert een negatief rendement op.”

Hij voegde eraan toe dat de CFO’s van bedrijven zich zorgen maken over de inflatie en de daling van de Amerikaanse dollar. Zij denken dat zij de conventionele marktrisico’s kunnen vermijden door zich in te dekken tegen Bitcoin.

Het Tijdperk Van Bitcoin-Verlichting

De belofte van Bitcoin blijft intact omdat het ontwerp het fragiele menselijke ego omzeilt op manieren die geen enkel ander menselijk streven ooit heeft gedaan.

Het menselijke ego is een kwetsbaar iets.

Het is snel te beoordelen, onzeker, gemakkelijk te manipuleren en het raakt aan dingen gehecht door middel van identificatie

Het houdt koste wat het kost vast aan ideeën en overtuigingen, vaak tegen onze eigen belangen in en ondanks waarnemingen uit de praktijk van het tegendeel. Niemand staat voor een strijd die moeilijker is dan wat zijn eigen ego creëert en het enige dat onze overleving evenzeer bedreigt als al het andere, is de kwetsbaarheid van het menselijke ego. Onze beste bedoelingen worden erdoor gekaapt, waardoor de weg naar de hel op aarde wordt gebaand.

Het is niet alleen genocidale regeringsdwang die ons voortbestaan ​​bedreigt, maar het feit dat we ervoor trappen. Dat, en ons onvermogen om voorbij onze verschillen te kijken en in reactie daarop gemeenschappelijkheid te vinden. Ego’s raken zo verweven met overtuigingen, waardoor ze een gevoel van zelf-opgeblazen belang creëren, dat debatten zinloos worden en weinig anders dienen dan het versterken van diezelfde identificatie, superioriteit en verdeeldheid.

Dit heeft de wereld op een kruispunt gebracht waar we onze eigen vernietiging riskeren door de perfecte toepassing van het oude gezegde: verdeel en heers. Alleen wij zijn degenen die ons verdelen, waardoor het menselijk ras kwetsbaar is om door zijn eigen zwakheid te worden overwonnen.

Niemand kan eraan ontsnappen

En wij, die in de Bitcoin-gemeenschap, zijn geen uitzondering. Zoek niet verder dan de mislukte poging van Roger Ver om Bitcoin te kapen, en verschuilt zich achter het idee dat Bitcoin kan opschalen door alleen een vergroting van de blokgrootte. Of de voortdurende saga over dat beruchte personage dat beweert Satoshi te zijn , een bewering die aanvankelijk werd ondersteund door Gavin Andresen, een van de oorspronkelijke Bitcoin-ontwikkelaars, ondanks alle bewijzen van het tegendeel.

Deze mensen vormen niet langer een serieuze bedreiging voor Bitcoin, maar op andere momenten wel. Ondanks het feit dat Ver en Andresen misschien met de beste bedoelingen zijn begonnen, waren de bedreigingen die ze voor Bitcoin vormden ooit heel reëel. En er zullen er nog meer zijn. Kijk maar naar de “Great Plague Of Shitcoinery. ”En toch, Bitcoin overleeft en bloeit, ondanks talloze menselijke ego’s die wild naar de hekken slingeren.

Niemand kijkt op deze manier natuurlijk naar zichzelf. We zijn allemaal geneigd te geloven dat deze karakters in niets op ons lijken. Ze hebben problemen. Wij niet. Maar laten we eerlijk zijn. We hebben allemaal wel eens iets gesaboteerd op een bepaald moment in ons leven omdat we egocentrisch waren. En ongeacht hoe klein een probleem we denken dat het is geweest, het kan een groot probleem zijn geweest voor iemand anders zonder dat we het ooit hebben geweten.

Zelfs de meest wrede dictator denkt dat hij handelt in het belang van iemand van wie hij houdt, terwijl de protesterende menigte de paleisdeuren inslaat. En vooral als het om menselijke bestuurssystemen gaat, krijgen opgeblazen ego’s altijd en onvermijdelijk de beste van onze beste bedoelingen.

En dat is de belofte van Bitcoin. Het blijft intact waar talloze en alle andere goedbedoelde menselijke inspanningen dat niet kunnen. Omdat het ontwerp van Bitcoin het fragiele menselijke ego omzeilt op manieren die niets anders ooit heeft gedaan.

Er is veel discussie over decentralisatie. Maar misschien is het aspect van decentralisatie dat er het meest toe doet, gemakkelijk waarneembaar bij onszelf. En ik kan geen krachtiger voorbeeld bedenken dan de maker (s) van Bitcoin die besluiten anoniem te blijven en hun wereldveranderende uitvinding op te geven.

3,3 miliardi di dollari sono confluiti nei prodotti di investimento Crypto di Grayscale nel 4° trimestre 2020, con il 93% proveniente da investitori istituzionali

I punti salienti:

  • La scala di grigi ha continuato a battere i propri record nel quarto trimestre del 2020
  • Nel trimestre gli investitori hanno versato 3,3 miliardi di dollari nei prodotti di investimento criptati della società
  • Il 93% della raccolta del trimestre proviene da investitori istituzionali

La scala di grigi segna un altro trimestre da record con 3,3 miliardi di dollari investiti nei suoi prodotti nel quarto trimestre 2020

Crypto asset manager ha registrato un altro trimestre da record: nel quarto trimestre del 2020, la società ha registrato un afflusso di 3,3 miliardi di dollari nei suoi prodotti di investimento in cripto-valuta, distruggendo il precedente record trimestrale di 1,05 miliardi di dollari, stabilito nel terzo trimestre del 2020.

Secondo l’ultimo rapporto trimestrale di Grayscale, nel quarto trimestre del 2020 il 93% degli investimenti nei suoi prodotti è stato effettuato da investitori istituzionali, principalmente gestori patrimoniali.

Gli investimenti nei prodotti di Grayscale hanno eclissato gli afflussi in tutti gli altri anni Grayscale ha operato in modo combinato. La società ha dichiarato:

“Gli investimenti nella famiglia di prodotti Grayscale hanno superato i 5,7 miliardi di dollari nel 2020, più di quattro volte l’afflusso cumulato di 1,2 miliardi di dollari nei prodotti nel periodo 2013-2019”.

La crescita di Grayscale è uno degli indicatori più chiari che gli investitori istituzionali hanno ora una presenza significativa nel mercato Bitcoin. In questo momento, gli investitori istituzionali favoriscono in modo schiacciante il Bitcoin rispetto ad altri asset cripto. In linea con questo dato, gli afflussi nell’ammiraglia di Grayscale, Bitcoin Trust, hanno rappresentato l’87% di tutti gli afflussi nei prodotti di Grayscale nel quarto trimestre del 2020. La percentuale di afflussi che è andata al Bitcoin Trust è stata la più alta dal secondo trimestre del 2017, ha osservato Grayscale.

Per illustrare l’entità della domanda, Grayscale ha sottolineato che nel quarto trimestre del 2020 gli afflussi nel Bitcoin Trust hanno rappresentato il 194% del BTC estratto in quel periodo (ciò non significa che i minatori vendano direttamente a Grayscale le monete appena coniate):

“Come abbiamo notato nei rapporti precedenti, gli afflussi nel Grayscale Bitcoin Trust hanno continuato a crescere come percentuale dei Bitcoin coniati. Questa metrica è significativa perché i minatori sono noti per essere i venditori naturali del mercato, spesso utilizzando il loro Bitcoin appena estratto per pagare le spese operative. Nel 4Q20, l’afflusso di Bitcoin è stato di circa il 194% dei Bitcoin estratti”.

Al 31 dicembre 2020, Grayscale gestiva più di 20 miliardi di dollari di attività. La sua crescita è continuata nelle prime parti del 2021, poiché la società gestiva 24,7 miliardi di dollari di attività al 13 gennaio 2021. Al momento della stesura della presente relazione, il tetto massimo totale del mercato delle valute criptate è di 1,07 trilioni di dollari.

Crypto users, your data is precious! Protect them now

To strengthen your security and preserve your privacy on the Internet, the VPN ( Virtual Private Network ) has become de rigueur. Cryptocurrency users are even more vulnerable than the average user, since the fact of being even sovereign of his tokens attracts much envy. The reasons for owning a good virtual private network are becoming major.

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Protect the confidentiality of your sensitive data

Internet Service Providers ( ISPs ) have the ability to monitor your Internet activity , whether for your inbound or outbound communications.

Data relating to the sites visited or your browsing habits may be collected without your knowledge. This phenomenon is even more important if you are not on Internet pages encrypted in ” https “.

Regarding the field of crypto-assets , not hiding your IP address can cause real security problems ( compromise of private keys, visibility of crypto exchanges, etc.). Hackers are always on the lookout for data transmitted “in the clear” – that is, without encryption or VPN protection.

Security

In the past, a VPN was synonymous with sluggishness, but NordVPN has managed to change that and is now dubbed the title of the fastest VPN on the market . Indeed, the company’s multi-server strategy allows increased browsing security and unparalleled fluidity.

The NordVPN team has indeed relied on the advantages of the WireGuard protocol , and has integrated its own solution nicknamed the “double NAT system”. Details of this technology which bears the name NordLynx are available here .

In addition, NordVPN has recently made available to its users a brand new Dark Web Monitoring tool. This allows you to be immediately informed when your personal data is shared without your knowledge on the Darknet.

Man exchanges everything for cryptomeda, divorces and has no place to live

Kim’s journey began with a bucket of cold water, the currency bought for US$400 dropped to US$22 the following year.

In 2018, Kohn Kim decided to bet everything on Litecoin cryptomeda, he was criticized and called imprudent, admitted that the attitude may have led to the end of his marriage and now has nowhere to live. The digital currency collapsed, along with the whole market for cryptomime right after his daring bet. Kim, however, has no regrets and believes that her story will still have a happy ending. The information is from Decrypt.

According to the report, John Kim, 43, had a network of mobile phone shops and was the second reseller in his region, he met cryptomoks in 2017 and was very excited about Litecoin. The coin, created by Charlie Lee, a former Google graduate from MIT, is one of the world’s most valuable altcoins.

Kim approached Lee and offered to contribute to the project, he said he did not understand the technical side of the blockchain but would find a way not to disappoint the founder of digital currency.

Lee replied, “You did it.

John Kim Litecoin
John Kim Litecoin
Sold house and divorced to focus on cryptomeda
Kim then began her daring journey, sold her house and gave the money to his wife, sold his shops, attached his van with the Litecoin logo and set off on the road to promote the adoption of his favorite cryptomeda.

“They called me the Litecoin evangelist. But I am a simple man with a simple plan. I believe that the best way to teach people cryptomorphs is to let them experience it for themselves,” he told Decrypt.

The decision, however, affected his marriage, which came to an end.

The money given to his wife from the sale of the house was used to open a steakhouse. According to him, she’s fine, but he no longer cares about cryptomorphs because “they were responsible for the end of the marriage,” the man made a choice.

“Many people tried to give me advice, like ‘marriage and family first’, but my wife knew since she met me that I’m either totally in or totally out”.

Litecoin fell from $400 to $22 after day
Kim’s journey began with a bucket of cold water, the currency bought for US$400 dropped to US$22 the following year. Kim was broke and went through terrible times, he said.

The digital currency community helped him, made donations and paid for hotel accommodations or offered him his own home for a few days.

While he was considered and motivated by the cryptomaniac market, outside he was ridiculed and called a “fool.

But he had a friend that hardly anyone else had, Charlie Lee. He appeared as Lee’s security guard at an event in 2018 and traveled to over 30 cities with the coin’s founder.

He decided to go to Asia to promote the currency, and without asking anything, he received first class donations and passage paid by market companies.

“I’ll prove everyone wrong”
Recently the entire market for cryptomorphs has appreciated, and several altcoins have been boosted by Bitcoin’s record high, exceeding US$28,000.

Litecoin rose almost 200% in the year and became the fifth currency with the highest market capitalization. Altcoin is now traded for US$125, which is still far from the price Kim bought (US$400), but he believes the currency will hit the price next year.

“I think 2021 will really be the year that I prove everyone wrong and I will be humble about it, but I will make sure that my children are looked after for the rest of their lives,” he said. “I made my promise to the local community, and to Litecoin investors, that I will not stop until we get back to the high point and then I can just disappear.

Kim has not given up on her dream and is taking advantage of the market boom. He has released a humorous video featuring Charlie Lee and other Litecoin enthusiasts. No one knows if the digital currency will come back to $400 next year, but Kim continues his journey.

El analista que llamó Crypto Pullback dice que estas Altcoins aumentarán con más fuerza cuando el mercado encuentre un fondo

Un popular comerciante y analista de criptomonedas dice que tres altcoins volverán a la vida después de que Bitcoin llegue a su fondo.

El analista, conocido en la industria como Flood, le dice a sus 87,000 seguidores de Twitter que es optimista sobre BTC, pero se mantiene cauteloso sobre el camino a corto plazo por delante, sabiendo que muchos grandes inversores ya han realizado sus apuestas y han entrado en el mercado.

“Estos son los niveles que estoy viendo. Si los $ 17.400 se rompen, creo que seguimos siendo optimistas, pero el aumento progresivo del deriv v spot y el hecho de que los jugadores más grandes hayan comprado ya me hacen pecar de cauteloso en estos niveles.

Quiero evitar que me corten antes de que rompamos los 20.000 dólares

Flood predijo con precisión el retroceso actual del mercado de cifrado más amplio el 4 de diciembre, antes de que Bitcoin comenzara a moverse a un mínimo reciente de $ 17,638.

De cara al futuro, el analista dice que espera que aumenten tres altcoins una vez que el mercado se recupere.

Flood dice que los comerciantes deben ceñirse a lo básico al evaluar el mercado

Advierte contra quedar demasiado atrapado en operaciones técnicas complejas, especialmente en el mundo volátil y basado en historias de las criptomonedas.

“Siempre que me aburro y trato de hacer negocios lindos y muy complicados de acuerdo con los modelos que me redactó un graduado de física de 20 años es cuando tiendo a quemar más dinero. Los mercados, especialmente las criptomonedas, están muy impulsados ​​por la narrativa y tienden a tener una fuerte tendencia o no mostrar ninguna “.

Illegaler Gebrauch von Bitcoins ging zurück, aber die Geldwäsche in datenschutzorientierten Portfolios nahm zu, sagt ein Analystenunternehmen

2020 war anscheinend das Jahr der Datenschutz-Portfolios, in dem mehr Austausche die KYC-Anforderungen erfüllten.

Illegaler Gebrauch von Bitcoins hat abgenommen, aber die Geldwäsche in Portfolios, die sich auf den Schutz der Privatsphäre konzentrieren, hat zugenommen, sagt die Analystenfirma
Nachrichten

Elliptic, ein führendes Unternehmen im Bereich der Blockkettenanalyse, stellte große Veränderungen bei den jüngsten Trends bei illegalen Wirkstoffen mit Kryptomorphen fest.

Laut der Studie des Unternehmens vom 9. Dezember ist der Anteil der Bitcoin-Transaktionen, die das Unternehmen mit kriminellen Aktivitäten in Verbindung brachte, im Vergleich zu seinem Höchststand von 2012 sehr gering:

Die Übeltäter finden jedoch immer wieder neue Wege, um illegale Gewinne in die Kryptomotik zu stecken.

Elliptisch hat die Verwendung von Kryptomorphen leicht zugenommen, aber eine starke Zunahme von auf die Privatsphäre fokussierten Kryptomorphen:

Der erhöhte rechtliche Druck und die strafrechtlichen Vorwürfe gegen die Betreiber haben möglicherweise die Abhängigkeit von den Mixern im Laufe der Jahre verändert. Dies ist wahrscheinlich auch Unternehmen wie Elliptic oder den Konkurrenten Cyphertrace und Chainalysis zu verdanken, die im Verfolgen von Kryptomyceten in Mixern gut geworden sind.

Angesichts der steigenden Nachfrage nach Dienstleistungen für ihre Kunden auf der ganzen Welt haben die Börsen auch als Ziel illegaler Kryptomorphs an Boden verloren. Datenschutz-Portfolios sind jedoch in die Höhe geschossen. David Carlisle von Elliptic sagte:

“Der wichtigste Trend, den wir gesehen haben, ist die zunehmende Nutzung von Privacy Wallets, wie der Wasabi Wallet, im Waschprozess. Im Jahr 2020 werden mindestens 13 % aller kriminellen Bitcoin-Einnahmen über private Wallets verschickt, was einem Anstieg von nur 2 % im Jahr 2019 entspricht. ”

Elliptic hatte zum Zeitpunkt der Veröffentlichung nicht auf die Anfrage des Cointelegraphs nach Kommentaren geantwortet.

Wasabi wiederum sah sich in der Vergangenheit mit Fragen nach der Haltbarkeit seiner Datenschutzfunktionen konfrontiert. Es scheint, dass sie zumindest eine Barriere für die Prüffirmen darstellen.

Bitcoin-pris øker over $ 19 700, setter ny all-time high

Bitcoinhar i dag satt en ny heltid med den ledende kryptovalutahandelen så høyt som $ 19 800 de siste timene. Denne milepælen brøt den forrige rekordhøye på $ 19 666 registrert på Bitstamp-børsen 16. desember 2017.

Stor milepæl for Bitcoin

Å skape en ny heltidshøyde representerer en viktig milepæl for Bitcoin i det som har vært et bemerkelsesverdig år for den ledende mynten. Bitcoin har vært i stand til å motre store økonomiske kriser som Covid-19-pandemien, og har startet et utvidet bullish løp siden den årlige lavten i mars.

Bitcoin har fått over 150% i verdi de siste åtte månedene i en bullish løp som har overrasket mange innen kryptosamfunnet. Den ledende mynten har fjernet seg fra tradisjonell økonomisk spekulasjon og har skåret sin egen trend de siste månedene.

Bitcoin var i stand til å komme seg i løpet av helgen etter å ha fått et lynkrasj på torsdag som resulterte i at mynten gikk under $ 17.000. Bitcoin var i stand til å oppnå jevn gevinst på lørdag og søndag som førte til at mynten gikk inn i den nye uken med store forventninger fra kryptosamfunnet.

Å treffe all-time high er bare begynnelsen i henhold til viktige interessenter som mener at vi er midt i et bullish løp. I skrivende stund har Bitcoin korrigert og er verdsatt til 19 300 dollar.

Institusjonell etterspørsel økte i 2020

Den siste hausseoppgangen har også blitt styrket av økende adopsjon fra institusjoner og tradisjonelle finansielle enheter. Gråtone investeringsfond har mer enn $ 10 milliarder dollar i kryptovaluta, med en stor andel i Bitcoin. MicroStrategy gjorde også nyheten om to enorme investeringer i Bitcoin totalt rundt 500 millioner dollar. PayPal deltok også i toget ved å kunngjøre planer om å støtte Bitcoin og andre kryptovalutaer i oktober.

Bortsett fra institusjoner, opplevde Bitcoin detaljhandelsindustri massiv vekst, noe som er tydelig i det totale antallet aktive Bitcoin-adresser som rammer all-time highs. Bitcoin-markedsverdi registrerte også rekordnivåer de siste dagene. Ettersom flere finansinstitusjoner vil investere i den ledende mynten, er det spådommer om at prisen bare vil fortsette å stige de neste månedene.

Som forventet, ble nyhetene om Bitcoin som har nådd hele tiden blitt møtt med spenning av kryptosamfunnet. Den neste store motstanden for Bitcoin er $ 20 000 mark, noe som vil markere neste fase av det bullish løpet.

Ripple has published the XRP Market Report

Ripple has published the Quarterly Financial Report, saying it doubled revenue from XRP token sales in the third quarter.

Ripple publishes XRP Market Report Q3 2020. Indeed, to provide relevant XRP-related announcements and regular updates, on the company’s views on the state of the XRP market.

Undoubtedly, the Quarterly XRP Market Report is a regular report published by Ripple. It details the company’s views on the XRP market.

The XRP Markets Report

To clarify, some parts deal with new services and features. While others explain the company’s general views on XRP.

In this respect, Ripple said:

“Proactive communication and transparency are part of being a responsible stakeholder.

He added: “Ripple urges others in the industry to follow his example to build trust. Also, to encourage open communication and raise standards across the industry”.

Essential services

The Ripple Credit Line

It is a new service, launched last quarter. Basically, it enables clients to use Liquidity on Demand (ODL), to raise capital when needed.

In fact, this solution, provides customers with the opportunity to purchase Ripple XRP on credit, which provides upfront capital. Therefore, Ripple states that: “This can help accelerate the performance and scale of your business”.

Indeed, the latest report states that customers are satisfied with this service. As a result, the Credit Line will be enhanced to offer more innovative solutions to Ripple’s customers.

Interestingly, the service is currently in beta stage. And it is only available to selected ODL customers.

XRP Purchasing

Naturally, this is a short-term product solution for the beta credit line. In the longer term, Ripple is building new ODL capabilities, to dynamically obtain XRP liquidity from the open market, not just from Ripple.

According to the company: “Last quarter, total XRP sales, net of purchases, were $35.84 million (USD) compared to $32.55 million in the previous quarter”.

In addition: “Ripple focused only on its sales and over-the-counter (OTC) leases. As part of providing increased XRP liquidity to certain RippleNet ODL customers to enhance their ODL experience. Eliminating the need for pre-financing and allowing instant balloon payments”.

Volatility

In parallel, the XRP standard deviation of daily returns during the third quarter was 3.5%. This represents an increase in volatility of 3.0% for the second quarter and 6.2% for the first quarter.

The volatility of XRP during the quarter was higher than BTC (3.2%) and ETH (3.3%).

Liquidity and Volume

In terms of overall liquidity and volume, XRP ended the quarter as the fourth most traded digital asset. Precisely, moving up from its fifth place ranking last quarter.

The XRP Ledger

By the way, a section of the report deals with the XRP Ledger Foundation. Which supports the development and adoption of XRP Ledger. Also, Ripple partnered with companies such as Coil and Gatehup, to provide the initial donation to this non-profit foundation.

In this regard, the Foundation’s vision is to accelerate the development of a healthy XRP Ledger ecosystem. Specifically, that encompasses the participation of developers, public and private companies and social initiatives focused on financial inclusion and sustainability.

Sustainability

Addressing sustainability in all industries has become a global priority. And so, boosting future economic growth.

Therefore, sustainability has been one of the most critical focus areas for Ripple in the last quarter. For example, they have partnered with the Energy Web Foundation and XRPL Foundation, to lead the way towards a Carbon Neutral Crypto Code. Very importantly, XRP Ledger will be among the first to move towards that goal.

Market Comment

In conclusion, Ripple published a market commentary in the last part of the report. The company focuses on three themes in this report: crypto currencies to avoid inflation, increased institutional adoption in the crypto currency industry, and the rise of DeFi products in recent months.

I leave with this quote from Zig Ziglar: “New information makes new ideas possible”.

Why traders expect a Bitcoin blow-off top to occur above $18,000

Bitcoin’s price is still trying to reach $18,000, but the short consolidation phases of the current trend have led some analysts to expect a top blow-off.

Bitcoin’s price continues to move rapidly towards $18,000 and many traders are calling for the market’s main digital asset to surpass the 2017 record high of $19,763. Unless you’re a bearish player, reaching a new all-time high is excellent, but ideally, for a sustainable rally to keep pace, a bullish trend in the form of ladders is better than a sudden rise.

Bitcoin’s price has risen 375% since Peter Schiff wrongly proclaimed his exact floor

In the last few weeks, BTC’s price has risen continuously without seeing long periods of consolidation or major declines.
Daily chart of the BTC/USD pair. Source: Tradingview
The chances of a blow-off top are increasing

A pseudonymous trader known as “Squeeze” specified that the lack of consolidation periods in Bitcoin Evolution has been a trend since late October and hinted that this may stifle the momentum of the current upward movement.

3 reasons why the Bitcoin price reached $17,000, marking a new parabolic upward trend

While Bitcoin’s momentum has been solid, the price has also increased almost six-fold since the March drop. When the price of BTC continues to rise without major corrections, the likelihood of a major setback increases. The trader wrote:

“Consolidations are getting shorter without much setback. The blow-off top will come soon”.

Bitcoin consolidation phases and rallies . Source: Twitter

Peter Brandt, a well-known veteran trader who is also aware of the BTC price action, made a similar point earlier this week. Brandt noted that in previous bull runs, BTC experienced nine corrections before reaching a high.

In the current uptrend, at least to date, Bitcoin has experienced two major corrections. Compared to historical uptrends, BTC has experienced considerably smaller corrections. He wrote:

“During the 2015-2017 bull market in Bitcoin $BTC, 9 significant corrections occurred with the following averages: 37% drop from high to low. 14 weeks from one historical high to the next. Since the low of the beginning of September there have been two corrections of 10%”.

Since the fall of November 8th, the price of Bitcoin went from USD 14,344 to USD 17,858 in Binance. In only ten days, BTC saw a profit of approximately 25% with a clear consolidation phase.

These 3 reasons explain why the price of Bitcoin recovered quickly after falling to USD 15,700

The pattern of a rally followed by occasional consolidations and corrections is key to seeing a prolonged rally, as it neutralizes the futures market and decreases the possibility of a blow-off top.

In technical analysis, a blow-off top refers to when the price of an asset falls suddenly and abruptly. As an example, BTC saw a blow-off top after the 2017 high. In the 52 days that followed, BTC’s price fell almost 70%.

They will evaluate the current Bitcoin bull market in a virtual meeting

As Bitcoin approaches a price discovery phase above $20,000, traders expect BTC to drop before it can reach $20,000. But there’s a possibility that this trade will be saturated, as many analysts seem to anticipate a similar scenario.
Futures funding rates are neutral

One variable that could make the rebound continue in the short term is the funding rate. In the main futures exchanges, the BTC futures funding rate is 0.01%.

JPMorgan says Bitcoin is slightly overvalued as a commodity

Futures exchanges in the crypto market implement the mechanism called “funding” to achieve balance among traders.

When most traders in the market have long positions in Bitcoin, the funding rate becomes positive. If this happens, holders of long contracts (buyers) have to incentivize sellers and vice versa.

  • Major futures exchanges, such as Binance Futures, show a funding rate of 0.01%, indicating that the current rally is not overextended.
  • LedgerX releases physically settled Bitcoin mini futures
  • Ultimately, traders still expect Bitcoin to see a top blow-off when the price approaches USD 18,000.

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