18.12.2021 Crypto Analytics According to IntoTheBlock's | INSIDER says (EN, ES, RU)

18.12.2021

Crypto Analytics

According to IntoTheBlock's data, 6.65 million addresses bought bitcoins in a price range of $55302 to $67413 for about 3.37 million BTC. Some of them will try to go to zero and start selling their bitcoins in case of a positive scenario, after crossing the levels of 49500, 51000 and 53500. But for a move in that direction, a new FOMO is needed, switching the attention of market participants from the coming wave of monetary tightening around the world. High inflation does not work temporarily. It will only increase the fear that tightening is coming at a faster pace than expected.

While the challenging technical areas and general FUD in the market stand in the way of the positive scenario, the antagonist scenario is slowly coming out of the shadows. A new low at 45500 after the Dec. 4 drop is not a good signal. Significant demand remains in the 42000-45000 range. In fact, this is the last frontier, as the volume of stops in the 38600-41400 range is very large and this area, in case of a spill, the bitcoin will fly through quite quickly.

Forecast for today: Trading in the 45000-49000 range, with a possible spill lower to 43000-44000, where the buyback should start because of the high volume of demand.

Information Background

SEC deferred decisions on Bitwise and Grayscale spot bitcoin-ETFs.
Source (https://cointelegraph.com/news/sec-delays-decisions-on-bitwise-and-grayscale-s-bitcoin-etfs)

83% of millennial millionaires own cryptocurrencies.
Source (https://cointelegraph.com/news/new-survey-reveals-83-of-millennial-millionaires-now-own-crypto)

Russia between full crypto ban and legalization of crypto exchanges in 2022.
Source (https://cointelegraph.com/news/russia-to-decide-between-blanket-crypto-ban-and-legalizing-exchanges-in-2022)

Elektra is the first retail store in Mexico City to accept bitcoins.
Source (https://coingape.com/this-is-the-first-retail-store-in-mexico-to-accept-bitcoin/)

Crypto Finance will get access to Deutsche Börse's customer base.
Source (https://deutsche-boerse.com/dbg-en/media/press-releases/Deutsche-B-rse-Completes-Acquisition-of-a-Majority-Stake-in-Crypto-Finance-2882488)

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HSBC and IBM successfully test end-to-end transactions with CBDC based on blockchain

Circle and Endaoment set up USDC-based fund to help people affected by tornadoes

VanEck launched Avalanche and Polygon exchange-traded bonds

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Shopify will allow merchants to create and sell NFTs on its platform

Goldman Sachs says blockchain plays most important role in development of meta-universe and Web 3

Reddit co-founder partners with Polygon to create $200 million fund for Web 3 and social media development