BTCUSD trends lower but still without a large move to break out of the sideways pattern. Action is still mostly with the alts as LINK hits a new ATH + large rallies for XTZ and XLM.
Hackers shocked the world this week by taking control of numerous high profile Twitter accounts. The message would ask viewers to send BTC to a specific address to get back double the amount. This trick has been around long enough and the total BTC received was minimal. Can be fairly sure this wasn’t done to grab a few bucks, but rather to make mockery of a centralized platform like Twitter. The FBI investigation is ongoing..
In China, we finally see updates re: DCEP. Ride-sharing platform, Didi, and food delivery player, Meituan, will hold hands with the central bank to test the digital currency. For those who don’t know, CBDCs do not pose a direct threat to decentralized forms of money like Bitcoin as they are issued and fully controlled by central banks. The launch of DCEP should probably be favorable to overall crypto markets as it gets the average person more accustomed to digital assets.
To end all FUD around the halving, BTC hashrate has hit another ATH. Difficulty was adjusted up another 10% this week causing temporary congestion to the network but a new ATH re-emphasizes the robustness of the Bitcoin economics.
Bitcoin Rallies Towards 12k! Last week I had a prediction that it was too early for whales to squeeze the LONGs. I was wrong, and
BTC showing a lot more volatility since the run up to 11k. Bears have tried to squeeze downwards on a few occasions this week but
Bitcoin Tests $9k While Options and Futures are Stagnant We’re kicking off the second half of 2020 in somewhat bearish territory as BTC tests 9k