01.12.2021 Crypto Analytics On Tuesday morning, another | INSIDER says (EN, ES, RU)
01.12.2021
Crypto Analytics
On Tuesday morning, another negative was brought to the market by the head of Moderna, who said that the effectiveness of their vaccine against the new Omicron coronovirus strain is expected to be about the same as against the Delta strain. This is significantly lower than against earlier variants of the virus.
The main event that rocked the markets again was Federal Reserve Chairman Jerome Powell's speech to Congress. As expected, he said that inflation was at a high level, which gives reason to think about reducing stimulus measures a few months earlier than previously thought. In his view, high inflation will continue until at least mid-2022. Overall, his speech was seen as harsh, which triggered a drop in stock indices, oil and gold prices.
Another disturbing note was the first positive difference in the value of 6-month put and call options since May of this year. The difference in shorter-term weekly, 1-month and 3-month options turned positive a little earlier in November. This suggests that long-term investors have become more active in insuring their longer-term spot positions, anticipating a possible more prolonged correction in the market.
The degree of toughness in Powell's speech was widely expected, and therefore already priced into the market. Furthermore, the uncertainty over Omicron leaves the door open for mixed expectations until the next Federal Committee meeting on December 15.
Today's outlook: A consolidation in the 56000-58000 range is likely today. Judging by the development of the situation, the forecast of a test of the level of 60000 in the near term remains a priority. The mid-term fate of bitcoin will depend on its success. Either the formation of a bridgehead in the 62000-64000 range to assault new highs, or, as an alternative, another test of support at 55000 and then 53500.
Information background
Former PayPal co-founder Peter Thiel has launched a bitcoin exchange, Bullish, for institutional clients.
Source
(https://www.forbes.com/sites/robertolsen/2021/11/30/crypto-exchange-backed-by-peter-thiel-and-richard-li-goes-live-for-institutional-clients/?sh=3659784c5db2)
The weekly CoinShares report showed an increase in inflows to cryptocurrency-focused funds.
Source (https://www.financemagnates.com/cryptocurrency/news/crypto-investment-products-attracted-306-million-last-week/)
Omicron token, the namesake of the new Coronovirus strain, has risen 11 times since Friday, falling 75%.
Source (https://economictimes.indiatimes.com/markets/cryptocurrency/omicron-token-soars-11x-over-weekend-lost-75-value-overnight/articleshow/88003120.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst)Shiba Inu soared thanks to a listing on the Kraken exchange. Source (https://thegoaspotlight.com/2021/11/30/shiba-inu-soars-thanks-to-kraken-listing-by-investing-com/).
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Shiba-Inu added to Kraken exchange
Hedera and Korea's Shinhan Bank have partnered to launch the KRW steiballcoin pilot
Huobi chose Singapore for its regional headquarters
Binance CEO reveals key factor for token listing on the exchange
Snoop Dogg releases NFT "Decentral Eyes Dogg" on SuperRare platform
Grayscale Investments launches Solana trust
Indonesia's central bank wants to "fight" cryptocurrency with CBDC
The CryptoCom exchange has partnered with California-based Silvergate Bank to allow institutions to buy and sell cryptocurrency for dollars
Vladimir Putin says cryptocurrencies carry very high risks
