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2022-07-24 13:02:32 Stable Coin Supply Ratio as bounce indicator

The Stablecoin Supply Ratio shows the amount of stablecoins present on the sidelines to purchase Bitcoin.
This metric has just flashed a signal that historically coincides with big bounces on Bitcoin

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2022-07-24 10:25:12 BTC UPDATE:- BTC is holding the support of $22k very well so far and gave a good bounce. Now let's see this bounce is sustainable or not. Next week FOMC meeting is on 26th-27th so we might see some volatility in the market.

BTC need a weekly close above $22,800 level. If we get a weekly close above $22,800 then we back again above the 200 weekly MA and which is a very good sign for bulls perspective.

Let's see how we get our weekly close. We will keep updating you.

Stay tuned and pin our channel at the top.

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2022-07-23 21:19:30 Important Dates to keep an eye on next week!

The most volatile week ahead for Stock Market & cryptocurrency.

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2022-07-23 21:15:20 40% of $BTC is currently held by 2021-2022 investors who are at loss, they bought at an average price of $43k, PlanB reports.

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2022-07-23 11:18:51 BlackRock lost $1.7 trillion in the first half of the year

Last week, one of the largest investment companies in the world, BlackRock, published its earnings report for the first half of 2022. It turned out that the organization lost $1.7 trillion in assets amid the global recession.

"The start of this year was the worst in five decades for the derivatives market," said CEO Larry Fink.

Like many other investment "whales," he cites the global recession. That's not surprising, since the crisis has also hit other "players."

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2022-07-22 22:01:03 Dogecoin has released an update and reduced the minimum commission by a factor of 100

Elon Musk's fave mem-currency has released an update to Dogecoin Core 1.14.6. The developers promise in this way to improve the security and efficiency of the blockchain.

The Dogecoin team significantly changed the commission mechanism: they recommend a minimum fee of 0.01 DOGE (was 1 DOGE).

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2022-07-22 19:09:13 Xiaomi Gets Patent for Blockchain-Based Virtual Characters.

Xiaomi, one of many first firms that involves thoughts in the case of smartphones, has utilized for a patent that makes use of blockchain expertise for the manufacturing of brand name new digital characters.

In accordance with China-based knowledge expertise firm Tianyancha, the patent known as Digital Character Course of Methodology, System and Storage Media was introduced final January. The corporate acknowledged that it began working to acquire this patent in a short while.

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2022-07-22 16:38:15 BINANCE CEO: Tesla selling $1B Bitcoin is a "drop in the ocean".

CZ, Binance CEO stated that Bitcoin has up to $100 billion volume traded daily and as such the $1B that was sold by Tesla is a drop in the ocean. This is coming after the Bitcoin price dropped following the news of Elon Musk's Tesla BTC sale.

Bitcoin is strong, nothing to fear.

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2022-07-22 10:23:05 BTC UPDATE:- After breaking $23k resistance level, BTC shows some consolidation here. Holding the $22.5k support level very well so far and as long as BTC holds this support we can expect a good bounce soon.

This consolidation looks like that it is preparing for the next big move. If BTC holds the $21.k-$22.5k support then there is a possibility that we see a move towards $28k 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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2022-07-21 20:42:28 Ex-Coinbase manager reportedly arrested in crypto insider trading case.

Ishan Wahi, a former product manager for the publicly-traded cryptocurrency exchange Coinbase, was arrested this morning for an insider trading scheme during his time with Coinbase, per a release from the Department of Justice.

Ishan worked in conjunction with his brother Nikhil Wahi and Sameer Ramini to commit “fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using confidential Coinbase information about which crypto assets were scheduled to be listed on Coinbase’s exchanges,” according to the release.

Source

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