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Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

11/05/2022


THE NEWS

NEUTRAL - BLOCKWORKS
US Treasury Secretary Janet Yellen doubled down on her stance that stablecoins pose a threat to financial stability Tuesday. The Treasury will issue a “comprehensive report” on cryptocurrencies and stablecoins “shortly,”


BEARISH - THE BLOCK
Crypto exchange Coinbase saw its shares drop by more than 20% Wednesday morning, a day after the company released earnings that revealed a declining user base and hefty expenses for the first quarter of 2022.


NEUTRAL - BITCOIN.COM
President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state.



PRICE ANALYZES

BULLISH - BTCfuel @BTCfuel
For Bitcoin there is quite a lot of demand below 30k. Everyone wants to buy cheap Bitcoin. That's why I think it's unlikely that it stays below 30k levels


NEUTRAL - Rekt Capital @rektcapital
If BTC loses this green area as support... That will be the confirmation that $BTC will enter a multi-month downtrend. [IMAGE]


NEUTRAL - Michaël van de Poppe @CryptoMichNL
Altcoin capitulation is literally what's happening today, with several altcoins down 30-50%. First reaction on CPI data was a bearish one, but now the markets are reversing. I think the day end of with a wick and Bitcoin around $31.5-32.5K.


BEARISH - Rekt Capital @rektcapital
What matters most is how BTC reacts here. If it isn't able to muster much of a rally, Macro Range Low (~$28K-$30K) may be in trouble. After 7 straight red Weekly Candles, a relief technically needs to happen. Question is how strong/weak a relief it will be