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2022-08-20 10:34:09 BTC UPDATE:- BTC is dropping very hard in the last few days and we clearly told you in our previous BTC update then it breaks down the structure so we see a dump in the market. Hope you guys did not stuck in any position and save your money.

Now what's next?

As of now BTC is holding it's important support level of $20.8k level and as long as BTC stays above this support we can expect a relief bounce in the market. Any close below $20.8k level will be bad for overall market. If it get a good bounce from here then our next resistances are $21.8k and $22.5k level.

Let's see how this goes. We will keep updating you.

Stay tuned and pin our channel at the top.

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2022-08-19 21:42:16 BTC fell below 22,000, knocking out support at 22,600 to 23,000.

This morning BTC dropped more than 1,000 pips in one 5 minute candle, and is now trying to consolidate above the 21,500 mark.

The number of liquidations reached a colossal figure of $552mn in 24 hours, 90% of them were longists (Obviously). BTC fell in price by more than 7% in 24 hours.

The reason for the fall of BTC was a large-scale withdrawal of capital from the technology sector

Also the fall of BTC lowered the Greed Fear Index from 42 to 33 points.

If the short sentiment persists and the BTC falls to $20,000, the departure of sentiment to the zone of extreme fear, most likely, will not be avoided.

https://t.me/Cryptocurrency_Inside Open / Comment

2022-08-19 15:52:02 Tether partners with top 5 accounting firm BDO for reserve attestations.

Stablecoin issuer Tether announced Thursday that it has partnered with BDO Italia, the Italian arm of the world's fifth largest accounting firm, to issue assurance and attestation reports of its reserves.

Tether began working with BDO Italia in July for its quarterly attestations, it said, adding that it plans to move towards monthly attestations. When asked for the timeline, the company said it hopes to issue monthly reports "very soon."

Tether also aims to go through "a complete audit" in the future. "An audit is a priority for us," the company said, adding that it is "committed to obtaining one as quickly as possible."

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2022-08-19 14:29:27 About $552M of Positions Gets Liquidated Due to BTC Drop Below $22,000.

Due to the recent Bitcoin drop below $22,000 about $552M in longs and shorts was liquidated from the leading derivatives exchanges:

- $245M on OKX;
- $136M on Binance;
- $58M on FTX;
- $38M on Huobi.
- $27M on Bybit;

The main thing is to remain calm

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2022-08-19 12:03:03 The developers have officially confirmed the date for the transition of Ethereum to Proof-of-Stake (PoS) - September 15, 2022.

ETH is anticipated to finish merge by September 15. The transition from PoW --> PoS reduces energy consumption for Ethereum of upto 99.95%.

Are you bullish or bearish on ETH post merge?

- Bullish
- Bearish

https://t.me/Cryptocurrency_Inside Open / Comment

2022-08-18 19:55:38 BTC UPDATE:- BTC is not looking good here. Breaks down from the ascending triangle. Next support for BTC is at $22.6k level. Bulls need to reclaim above $24.6k level for a bullish momentum again. Till then stay cautious and trade safely.

We will keep updating you. Stay tuned and pin our channel at the top.

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2022-08-18 19:31:44 Place your Advertising now in the @Cryptocurrency_Inside channel.

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2022-08-18 18:39:32 Huobi exchange stablecoin HUSD has de-pegged from the US dollar and is trading at $0.85

It is recommended to withdraw your fund out Huobi.

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2022-08-18 17:41:53 Correlation between BTC price and google search

There is evidence from Google Trends to suggest that internet searches for Bitcoin price can help predict major market movements to the upside

The most common assumption is that searches increase when the bitcoin price increases. In other words, people's interest follows price growth

https://t.me/Cryptocurrency_Inside Open / Comment

2022-08-18 14:39:36 Eurozone inflation reaches 8.9%, the highest it’s seen in 25 years.

Eurozone inflation hit record numbers for July at 8.9%. This is the highest rate in the last 25 years. CPI numbers have continued to rise from 7.4% in April, 8.1% in May, and 8.6% in June. Some analysts already predicted an 8.9% increase.

In this estimate, energy prices had the highest annual inflation rate, at 39.7%, down from 42.0% in June. The Ukraine-Russia stand-off has had detrimental effects on global energy requirements.

ARE YOU affected by inflation

- YES
- NO

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