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Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world. We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they . . . → Read More: KiefMonster Gold Price Forecast: Neutral Gold Weekly Price Forecast: XAU Caught Between Treasury Yields and USD Gold has suffered from directionless price action in the last two weeks after mounting a recovery rally from the 1675 area earlier this March. Since the Federal Reserve reiterated its accommodative policy path at the March Fed meeting, . . . → Read More: Gold Weekly Price Forecast: XAU Caught Between Treasury Yields and USD Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 ‘summer of DeFi’ as the primary catalyst for the rallies seen in Ether (ETH) and Bitcoin (BTC). In the beginning, investors were able to easily secure 4-digit annual percentage yield (APY) on an almost endless number of . . . → Read More: WINk (WIN) soars as retail DeFi investors flee high Ethereum gas costs Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a number of notable superlatives, including the first seed . . . → Read More: Recur raises $5 million for perpetual cross-platform NFT royalties It is estimated that Satoshi Nakamoto, the creator of BTC, will become the world’s richest person if the price of Bitcoin (BTC) hits approximately $182,000. As of March 2021, Amazon founder Jeff Bezos is the richest person on earth with a net worth of $181.6 billion. Elon Musk, the CEO of Tesla, is a . . . → Read More: At what Bitcoin price will Satoshi Nakamoto become the world’s richest person? US Dollar Talking Points The recent rally in the US Dollar appears to be undeterred by the Federal Reserve interest rate decision as the DXY index pushes above a critical technical resistance barrier, and fresh data prints coming out of the US economy may keep the Greenback afloat as employment is expected to . . . → Read More: US Dollar Rally to Benefit from Upbeat Non-Farm Payrolls (NFP) Report By the end of 2018, many crypto skeptics had their “I told you so” moment, as many initial coin offerings, or ICOs, failed to deliver on their promises. Between 2017 and 2018, 3,250 projects were launched via ICO and $21.4 billion was collected from investors. But by early 2018, a study revealed that . . . → Read More: Liquidity mining is booming — Will it last, or will it bust? Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world. We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they . . . → Read More: Bobbi Cai Australian Dollar Fundamental Forecast: Neutral Australian Dollar wobbled amid risk aversion, particularly in China Monetary tightening in world’s second-largest economy may domino Treasury yields stabilizing? Eyes now turn to US non-farm payrolls Recommended by Daniel Dubrovsky How to Trade AUD/USD Get My Guide . . . → Read More: Australian Dollar May Wobble if Chinese and Tech Stocks Keep Sinking Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however. “IMO we are only ~4 months into the bull market and nowhere near the end of it,” . . . → Read More: Stock-to-flow creator doesn’t think Bitcoin’s bull market is done New opportunities arise during each Bitcoin bull run. The current ebullience has been driven by an influx of institutional investors, along with major payment providers like PayPal and Mastercard. But why are they here to begin with? Much of the recent enthusiasm can be attributed to the vast and vociferous audience that’s been . . . → Read More: Crypto media runs with the bulls as new entrants compete against established brands Glassnode data shows Bitcoin (BTC) exchange reserves on Coinbase have dropped by about $8 billion. This indicates that institutional investors are locking away their purchases in cold storage for the long term instead of booking profits. HODLing by institutions is a huge positive as it will continue to reduce Bitcoin’s available supply, which may . . . → Read More: Price analysis 3/26: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK Watch Cointelegraph’s latest interview with Crypto.com CEO Kris Marszalek to understand the catalysts that will push crypto to 200 million users. For more crypto and blockchain content, check out and subscribe to Cointelegraph’s YouTube Channel! When adoption? It took over a decade for crypto to reach 100 million users, or ~1% of the . . . → Read More: NFT craze and institutional money to bring next 100 million crypto users, says Crypto.com CEO Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part. To better . . . → Read More: Pro traders close Ethereum longs even after today’s $1.15B options expiry An unusually rowdy (and informative) virtual panel at the Security Token Summit yesterday reveals the fractious difficulties of bringing regulated assets on-chain — as well as the promise and progress of the tokenized real estate use case despite those hurdles. Michael Flight of the Liberty Fund, Jude Regev of Jointer.io, and Mohsin Masud . . . → Read More: Tokenized real estate inches forward despite legal, technical hurdles GBP/USD FUNDAMENTAL HIGHLIGHTS: EUR/GBP Range Break Nearing GBP/USD Seasonality Signals Strong April Ahead GBP/JPY Upside Risks Amid Month/Quarter-End Flows A relatively constructive close to the week for the Pound with cable trading at within close vicinity to the 1.38 handle. The slew of UK data throughout the week has had a somewhat . . . → Read More: GBP/USD Weekly Forecast: GBP to Follow the Strong Seasonal Playbook? Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a “risk-off” choice for investors. In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that this year marked a watershed moment for the largest cryptocurrency. $400,000 BTC would “rhyme” . . . → Read More: Bitcoin can reach $400K in 2021 as ‘risk-off reserve asset’ — Bloomberg Brian Brooks, former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, has claimed that cryptocurrencies like Bitcoin (BTC) have some backing, while the U.S. dollar may not have any. Brooks gave his remarks in a CNBC Squawk Box interview with Joseph Kernen to unpack recent . . . → Read More: Former OCC official says crypto has backing but dollar ‘may not’ Oil Price Talking Points The price of oil struggles to retain the rebound from the monthly low ($57.25) amid the blockade in the Suez Canal, but the OPEC Joint Ministerial Monitoring Committee (JMMC) meeting on March 31 may sway the near-term outlook for crude if the group takes additional steps to regulate the . . . → Read More: Oil Price Outlook Hinges on OPEC JMMC Meeting amid Rise in US Supply The Coinbase direct stock listing could be a rite of passage for the blockchain and cryptocurrency industry, and the announcement on March 20 by the United States Commodity Futures Trading Commission of a $6.5-million fine against Coinbase for “wash trading” and filing misleading information probably won’t do more than postpone by a few weeks . . . → Read More: Catalytic event or unbridled optimism? Coinbase approaches public listing Decentralized exchange SushiSwap has announced the “rolling release” of Kashi, a specialized lending platform specifically designed for margin trading on the exchange, and BentoBox, a dual-purpose yield vault. Kashi aims to let traders borrow assets for creating leveraged long and short positions, similarly to other lending platforms like Compound or Aave, and . . . → Read More: SushiSwap launches V1 of long-awaited Kashi release USD, PCE Price Analysis & News Roughly In-Line PCE Sees Muted Action Has King USD Returned? PCE RECAP: With economic data currently playing second-fiddle to driving markets in the very near-term as we approach the month/quarter-end. The PCE data had been met with a relatively muted reaction, the monthly core PCE reading . . . → Read More: US Dollar Outlook: PCE Muted, Has King USD Returned? Kristin Boggiano, a lawyer and co-founder of the CrossTower digital asset exchange, developed her ethos on protecting the vulnerable while working and living in the Amazon during the 1990s, helping fight for the rights of the Cofán people against the Big Oil companies. She later worked creating mortgage-based derivatives on Wall Street . . . → Read More: DeFi, derivatives and fixing an antiquated financial system: Kristin Boggiano Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin (BTC) may once have been considered a fringe asset, but the inflation of the United States dollar has changed that. Speaking to Bloomberg, Fitzpatrick said her firm — an asset management fund created by global investor George Soros — had recently begun to . . . → Read More: Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec Bitcoin (BTC) may have shed $10,000 in a week but the cryptocurrency’s “supply crisis” is more real than ever. According to the latest data from on-chain monitoring resource Glassnode, exchange BTC reserves are at an all-time low. Everyone wants BTC In a telling depiction of investor strategy, exchange reserves have plummeted in recent months . . . → Read More: Bitcoin buyers mean business as Coinbase reserves drop $8B in 3 months Key Talking Points: Equities push higher despite third-wave concerns FTSE 100 sticks to its range but drifts higher Recommended by Daniela Sabin Hathorn Get Your Free Equities Forecast Get My Guide The FTSE 100 looks set to finish the week higher as . . . → Read More: FTSE 100 Outlook: US Economic Recovery Optimism Spilling Into European Equities Australian Dollar Analysis and Talking Points AUD/USD | Month/Quarter End Flows to Drive Short Term Direction IG Client Sentiment Suggests Mixed AUD/USD Outlook AUD/USD | Month/Quarter End Flows to Drive Short Term Direction As we approach the end of Q1, economic data is likely to take a backseat with month/quarter end . . . → Read More: Australian Dollar Forecast: Key AUD/USD Set-Up Levels to Watch Sentiment in China has slumped as WeChat searches for Bitcoin dropped 7% this week, while searches for “bear market” spiked 102%. One trend that remained strong was NFT-related, with NFTs receiving an 86% increase in WeChat searches over the seven-day period. Token sales were another hot item with interest in Casper Labs surging after . . . → Read More: Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike FIBONACCI TALKING POINTS: – Fibonacci retracements can be applied to a variety of markets in the effort of identifying possible support or resistance levels. – In this article, we look at how traders that follow multiple asset classes can apply Fibonacci analysis to their charts, building on the previous article in . . . → Read More: Fibonacci for a Multi-Market Trader’s Approach British Pound (GBP) Price Outlook – GBP/USD and EUR/GBP Chart and Analysis Recommended by Nick Cawley How to Trade GBP/USD Get My Guide For all market-moving data and events, see the DailyFX Calendar The British Pound is clawing back some of . . . → Read More: British Pound (GBP) Latest: GBP/USD Pushes Higher, EUR/GBP Eyes Multi-Month Lows Canadian Dollar, USD/CAD, Bank of Canada, Crude Oil, Core PCE Index – Talking Points: Equity markets followed Wall Street’s lead overnight, broadly gaining during the APAC session. A marked sell-off in oil prices and a bout of risk aversion has buoyed the US Dollar against the higher-beta Canadian Dollar as of late. However, this . . . → Read More: Canadian Dollar Forecast: US Inflation Data to Trigger USD/CAD Downtrend? Crude Oil, Gold, XAU/USD, Suez Canal Blockage, US PCE Data, Commodities Briefing – Talking Points: Crude oil prices weakened despite blockage at Suez Canal Gold prices consolidating as USD gains, bond yields drop All eyes on US PCE data, soft figures may weaken the USD Recommended by Daniel Dubrovsky . . . → Read More: Crude Oil Prices Look Past Suez Canal Blockage, Gold May Rise on US PCE Data With Coinbase’s highly anticipated direct listing IPO expected to take place next month, options traders appear to be betting that Bitcoin will once again soar to new all-time highs in the coming weeks. On March 24, the founders of crypto analytics firm Glassnode tweeted data suggesting that options traders on peer-to-peer crypto derivatives exchange, . . . → Read More: Options traders target $80K by May, Skew suggests just 6% chance they’re right Blockchain security provider Sigma Prime has announced its first merge transaction between the two Ethereum networks. The transaction was made by its Lighthouse client using only Proof of Stake validators, it stated in a March 25 tweet. It added that this was a step towards a 99.98% drop in Ethereum energy consumption, deriving . . . → Read More: 99.98% less power: Lighthouse’s first Ethereum and Eth2 merge transaction On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400. The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin’s loss of bullish momentum, several derivatives indicators, including . . . → Read More: $51K Bitcoin price not a problem as ‘structurally, nothing has changed’ KiwiSaver Growth Strategy, a $350 million retirement plan operated by New Zealand Wealth Funds Management, has reportedly allocated 5% of its assets to Bitcoin (BTC), underscoring the steady stream of institutional investors entering the digital asset space. Bitcoin’s striking similarities to gold were cited as one of the biggest reasons for entering the . . . → Read More: New Zealand retirement fund reportedly allocates 5% to Bitcoin Cathie Wood, the founder and CEO of Ark Invest, is cautioning investors not to sell or transact their Bitcoin (BTC) until the United States Internal Revenue Agency, or IRS, introduces more sensible tax policies on digital assets. In a webcast hosted by Cboe, Wood said transacting with BTC could lead to massive tax . . . → Read More: Cathie Wood: BTC investors shouldn’t transact until tax code changed Earlier this week, Cointelegraph reported the importance of the upcoming $6.1 billion Bitcoin (BTC) options expiry on March 26. The article made clear that bulls were in control if one excluded the put (sell) options below $47,000, which is likely the case as BTC currently hovers above $50,000. As the expiry date draws closer, . . . → Read More: What the FUD? Fear drives Bitcoin price down, not Friday’s $6.1B expiry Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain. The Staked ETH Trust is now accepting private placement to accredited investors, the company announced Thursday. The Trust allows investors . . . → Read More: Staked ETH Trust opens Ethereum staking to accredited investors The Suez Canal and Oil Analysis – Talking Points: What is the Suez Canal? Why is the Suez Canal Important? Impact of Current Blockade WHAT IS THE SUEZ CANAL? The Suez Canal is among the top chokepoints for global oil trade, other key waterways include the Strait of Hormuz. The Suez . . . → Read More: The Suez Canal and the Importance for Crude Oil Prices Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. Uniswap V3 was publicly announced yesterday and I didn’t really get a chance to write about it, so I wanted to dedicate this newsletter to a review of V3 and the AMM space in general. My initial reaction to Uniswap V3 . . . → Read More: Finance Redefined: Uniswap V3 is here, but was it worth the wait? March 17–24 Key Talking Points: XAU/USD sideways consolidation building momentum Optimistic Us economic outlook underpinning USD performance Third-wave concerns appealing to gold’s safe-haven features Recommended by Daniela Sabin Hathorn How to Trade Gold Get My Guide Gold prices have been trading in a narrow . . . → Read More: GOLD Outlook: XAU/USD Sideways Consolidation Gearing Up for Breakout Euro Price, News, and Analysis: Multi-week support breaks, opening the way for lower prices. Retail trader data shows customers buying EUR/USD Discover what kind of forex trader you are Start Quiz For all market-moving economic data and events, see the DailyFX Calendar. EUR/USD . . . → Read More: Euro (EUR/USD) Price Outlook – Sellers Remain in Control as Support Breaks EUR/GBP price, news and analysis: EUR/GBP has been edging higher over the past week and could continue to strengthen on signs that a damaging vaccine war between the EU and the UK will be avoided. While near-term setbacks will doubtless occur, it could be that negativity has become excessive over extended economic lockdowns in . . . → Read More: British Pound (GBP) Latest: EUR/GBP Outlook More Positive, Further Gains Possible Dow Jones, Russell 2000, Federal Reserve, Coronavirus Vaccinations, Covid-19 Hospitalizations – Talking Points: Equity markets nudged marginally higher during APAC trade as investors continue to grapple with coronavirus developments. The recent unwinding of the reopening trade has weighed on the Russell 2000 and Dow Jones. However, this may prove short-lived given the bright medium-term . . . → Read More: Dow Jones, Russell 2000 Probing Key Support as Reopening Trade Unwinds As Bitcoin markets begin to form another daily red candle, its market capitalization has dropped back below $1 trillion once again. The third major correction in the current bull market is deepening and prices are already down 12.5% from their all-time high of $60,100 on March 13. According to CoinGecko, the BTC market . . . → Read More: Bitcoin market cap back below $1 trillion as correction deepens As the Bitcoin correction deepens, the fear, uncertainty, and doubt has returned, with billionaire hedge fund manager Ray Dalio adding a whole bunch more of it. In an interview with Yahoo Finance’s editor-in-chief on March 24, the founder of the $150 billion hedge fund Bridgewater Associates stated that there is a “good probability” . . . → Read More: Hedge FUD manager: Ray Dalio says ‘good probability’ of a US Bitcoin ban Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to list a new Bitcoin (BTC) exchange-traded fund. The Wise Origin Bitocin Trust was filed with the SEC on Wednesday, according to a Form S-1 Registration Statement that appeared on the regulator’s website. . . . → Read More: Asset management giant Fidelity files for Bitcoin ETF On March 24, Tesla CEO Elon Musk announced that U.S. buyers are now able to purchase Tesla vehicles with Bitcoin (BTC). Musk also tweeted that Tesla will not convert BTC payments into fiat but will add to its existing treasury of about 48,000 Bitcoin. Wedbush Securities analyst Dan Ives expects Bitcoin to account for . . . → Read More: Price analysis 3/24: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK In the month since Cointelegraph Markets Pro launched, bringing professional crypto market intelligence to every investor, the platform has helped hundreds of early subscribers to better understand the opportunities and threats inherent in the world of crypto investing and trading. In this brief round-up, we wanted to draw attention to some of the highlights . . . → Read More: Markets Pro delivers up to 1,497% ROI as quant-style crypto analysis arrives for every investor Ether (ETH) lost the $1,750 support on March 22, which marked a 7% loss and $230 million worth of futures contract liquidations. It has been holding near the strong support at $1,670, although investors are unwilling to open new long positions despite the price being 11% below the previous week’s high. Ether price on . . . → Read More: Ethereum derivatives lean bullish even as ETH price sits at a key support As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution StarkWare has announced on Wednesday a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital and Sequoia, among others. The team announced the raise in a tweet: Announcing our . . . → Read More: VCs bet big on layer two as StarkWare raises a staggering $75 million Key Talking Points: Safe havens like the US Dollar and Treasuries pick up momentum AUD/USD weighed down by falling commodity prices NZD/USD falls to a 4-month low Recommended by Daniela Sabin Hathorn How to Trade FX with Your Stock Trading Strategy Get My Guide . . . → Read More: AUD, NZD Weighed Down by Risk-Off Sentiment: AUD/USD, NZD/USD Key Levels To Watch Ethereum co-creator Vitalik Buterin believes NFTs can be applied to socially relevant causes such as charities and funding public goods, but not while the technology is still viewed as a “casino that largely benefits already-wealthy celebrities.” The author of the Ethereum whitepaper said there was little social value in helping celebrities like Elon . . . → Read More: Vitalik Buterin: NFTs can be a social good, not just a casino for rich celebrities Hermez Network has announced on Wednesday the launch of its zk-rollup mainnet release. This means that the network is now open for users, who can benefit from the rollup’s much lower transaction costs than Ethereum. Zk-rollups use zero knowledge proofs to verify the correctness of a large batch of transactions. An outside ecosystem . . . → Read More: Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments GBP price, UK inflation, UK PMIs, news and analysis: UK inflation was lower than forecast last month, weakening GBP/USD. By contrast, the flash estimates of the UK PMIs this month were all stronger than expected. The Bank of England will likely look through the numbers but Sterling could still have further to fall. Advertisement . . . → Read More: British Pound (GBP) Latest: GBP/USD Heading Lower, UK Inflation Below Expectations Bitcoin (BTC/USD) Price, Analysis and Chart: ‘You can now buy a Tesla with Bitcoin’ tweets Elon Musk Bitcoin better bid (BTC/USD) and looking to push higher. Recommended by Nick Cawley Get Your Free Introduction To Bitcoin Trading Get My Guide Bitcoin fan . . . → Read More: Bitcoin (BTC/USD) Latest: Buy Your Tesla With Bitcoin Tweets Elon Musk EUR/USD Analysis and Talking Points Eurozone PMI Surprises to the Upside However, Most Responses Are Prior to Lockdown Extension Marginal Reprieve for the Euro Unlikely to be Maintained Main Point: Flash PMI’s in the Eurozone have printed better than expectations, which may come as a slight surprise given the recent announcement of . . . → Read More: EUR/USD Bounce on Firmer PMI Unlikely to be Maintained US Dollar, DXY, Haven Demand, Covid-19 Vaccine Delay, European Lockdowns – Talking Points: Risk assets continued to underperform during APAC trade as renewed lockdowns weighed on market sentiment. The divergence in vaccination rates and overall case numbers between the EU and the US may drive the US Dollar Index higher in the coming weeks. . . . → Read More: US Dollar (DXY) Price Forecast: Demand for Havens to Fuel USD Rebound A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the Ethereum Gas Report by Coin Metrics, median fees on Ethereum have been consistently over . . . → Read More: Ethereum’s high gas fee crisis won’t be solved by EIP-1559: Coin Metrics report Collector MantaXR joins DKleine to discuss the upcoming Artvatars launch at artvatars.com, a unique collection of creative works built collaboratively by more than 60 artists. The pair anticipate the advantages of the upcoming Polygon Layer-2 network (formerly known as MATIC) that could potentially put an end to enormous gas fees for NFT artists . . . → Read More: MantaXR On March 23 bears managed to push the price of Bitcoin (BTC) below the $54,000 support level as various on-chain data suggests that whale wallets have begun slowing down purchases and are transferring the risk to retail investors. Data from Cointelegraph Markets and TradingView shows that the downtrend that began on March 22 and . . . → Read More: Analysts still ‘bullish on April’ despite Bitcoin price drop to $54K Bitcoin’s (BTC) upcoming March 26 options expiry might become the largest ever, with $6.1 billion open interest on the line. With less than 4 days ahead of the settlement date, pro investors will have already set up strategies for the next month. Bitcoin price at Coinbase, USD. Source: TradingView As BTC price has already . . . → Read More: This clever Bitcoin options strategy brings pro BTC traders big profits On March 23 the Coinbase listing ‘bump’ reemerged as the exchange announced that it would list Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) on Coinbase Pro. A blog post from the top U.S.-based cryptocurrency exchange stated that inbound transfers for ANKR, CRV and STORJ are available beginning March 23 with trading set to “begin . . . → Read More: Coinbase listing effect reemerges as Ankr, Curve (CRV) and Storj rally Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of remote working and altered the way people make use of their free time. The coronavirus pandemic essentially shut down . . . → Read More: Gambling tokens hit the jackpot as COVID-19 lockdowns drag on CNBC host Jim Cramer has revealed he made “a ton of money” on Bitcoin (BTC) but gold “let him down.” In an episode of the Pomp Podcast released March 22, Cramer thanked host Anthony Pompliano for inspiring him to invest $500,000 in BTC. Cramer after Bitcoin buy: “Thank you” “Here’s what’s going on: you . . . → Read More: Bitcoin made me a ‘ton of money’ unlike stocks and gold — Jim Cramer Teller Finance, a project building an undercollateralized lending protocol for decentralized finance, has announced the launch of its mainnet alpha stage. This will enable certain users to obtain credit without being required to post collateral, which is the case for most other DeFi lending protocols. The Teller alpha will be accessible only to . . . → Read More: No-collateral lending protocol Teller opens public alpha to NFT holders [embedded content] Market sentiment analysis: Trader confidence has been hit by the slow rollout of coronavirus vaccines in the EU, by Germany’s extension of lockdown to April 18 and the order that Germans should stay at home for five days over Easter. With new cases in France accelerating and Austria postponing the . . . → Read More: Sentiment in EUR/USD, GBP/USD, AUD/USD and NZD/USD Hurt by EU Lockdowns | Webinar CAD, AUD/CAD Analysis and Talking Points USD/CAD | Bullish Breakout on the Horizon? AUD/CAD | Downside Risks Remain on Stronger US Outlook USD/CAD | Bullish Breakout on the Horizon? Once again the USD is attempting a bullish reversal against CAD with the pair retesting trendline resistance stemming from the Q1 . . . → Read More: Canadian Dollar Outlook: Key USD/CAD, AUD/CAD Levels to Watch Bitcoin’s price has seen massive gains in recent months, accelerating from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative and are needed for the market to find a new floor. In bull markets, bullish continuation is likely after these periods of ranging . . . → Read More: Bitcoin’s lower lows worry traders — But is the BTC bull market really in danger? Key Talking Points: Germany imposes strict lockdown measures for the Easter weekend as the country has seen an increase of Covid-19 cases Volkswagen AG leads the push higher in the DAX 30 Recommended by Daniela Sabin Hathorn Get Your Free Equities Forecast Get My Guide . . . → Read More: DAX 30 Forecast: Pulling Back From ATH as Germany Imposes Easter Lockdown Mexican Peso and USD/MXN Price, News and Analysis: USD/MXN pulling back Monday’s weakness. Mexican central bank is likely to leave policy measures unchanged. Recommended by Nick Cawley Traits of Successful Traders Get My Guide For all market-moving economic data and events, see . . . → Read More: USD/MXN Pushing Higher Ahead of Banco de Mexico Interest Rate Decision The South Korean branch of global cryptocurrency exchange OKEx is shutting down operations next month, OKEx Korea officially announced Tuesday. Users will have to withdraw their Korean won and crypto holdings by April 7. After that date, the exchange “will not be held liable for any losses arising from failure to withdrawal by . . . → Read More: OKEx Korea crypto exchange to shut down as new reporting laws take effect GBP price, news and analysis: The UK unemployment rate dipped to 5% in January from 5.1% the month before rather than rising to 5.2% as analysts had predicted. There was little impact on GBP, with GBP/USD trading sideways around the 1.3840 level, but it has since eased back. There may be more reaction to . . . → Read More: British Pound (GBP) Latest: GBP/USD Slipping After UK Unemployment Data The privacy-centric web browser Brave will soon integrate a dedicated Binance Smart Chain wallet, according to a recent announcement, opening up the browser’s users to BSC’s ecosystem of DeFi products. Although Brave can already be configured to jump onto Binance Smart Chain manually, the addition of a preconfigured wallet is expected to simplify . . . → Read More: Brave browser to integrate dedicated Binance Smart Chain defi wallet Analytics provider Glassnode is reporting that current on-chain indicators suggest the Bitcoin bull market may be entering into its later stages. In its March 22 Week on Chain report, on-chain analytics provider Glassnode noted a decline in the number of Bitcoin whales despite consistent accumulation from wallets holding 1 BTC or less since March . . . → Read More: Bitcoin rally slows as whales transfer wealth to retail investors According to digital asset investment manager, CoinShares, institutional demand in the U.S. has declined slightly however European funds are still buying. According to Coinshares’ March 22 Fund Flows Weekly report, combined flows into institutional crypto products totaled $99 million for the week ending March 20. The data indicates a significant decline in institutional . . . → Read More: Institutional crypto managers report record AUM despite U.S. inflows plummeting Bitcoin (BTC) bulls faced strong headwinds on March 22 that quickly dampened any attempt at a breakout above the $58,000 level despite comments from United States Federal Reserve Chair Jerome Powell which called the top cryptocurrency a “substitute for gold.” Data from Cointelegraph Markets and TradingView show that traders made several attempts to push BTC . . . → Read More: Streaming tokens surge as Bitcoin price drops to the $54,000 support Futures contracts trading has grown immensely over the past year, and proof of this comes from the total rise in open interest. Open interest is the total number of outstanding contracts, and the figure has risen from $3.9 billion to the current $21.5 billion in six months, a 450% increase. Sometimes traders assume that . . . → Read More: 3 reasons why Bitcoin traders keep a close eye on the futures funding rate The Turkish lira lost 15% of its value and dipped close to its all-time low after Turkey’s President Erdogan fired central bank governor Naci Agbal. This resulted in a massive spike in Bitcoin (BTC) searches in Turkey as investors sought to protect their wealth from devaluation. This is just another example that shows how . . . → Read More: Price analysis 3/22: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA Every bull market is marked by a particular trend that catalyzes and sustains the uptrend in asset prices. In late 2020, Ether (ETH) led the way as the Ethereum network saw a surge in activity due to the growing popularity of the decentralized finance (DeFi) sector and the expectation that the altcoin would rally into . . . → Read More: Grayscale listing ‘bump’ emerges as Livepeer (LPT) soars to a record high Euro Price, News, and Analysis: Further covid-19 lockdowns will damage the region’s growth outlook. EUR/USD struggling below 1.2000. Discover what kind of forex trader you are Start Quiz The German economy is set to contract sharply in Q1 2021, according to the Bundesbank, due . . . → Read More: Euro Price Outlook – EUR/USD Remains Weak as Covid Spread Continues to Hit Europe Key Talking Points: Turkish central banker removed as Erdogan does not agree with his hawkish views European airlines take a dive as summer holidays in Europe seem unlikely IBEX 35 falls below ascending trendline and key Fibonacci support Recommended by Daniela Sabin Hathorn Get Your Free Equities Forecast . . . → Read More: IBEX 35 Dragged Down by BBVA and IAG, Turkish Lira Volatility Peaks Bitcoin (BTC/USD) and Ethereum (ETH/USD) Price, Analysis and Chart: Bitcoin is looking to test $60,000 and above. Ethereum is struggling to find direction. Recommended by Nick Cawley Get Your Free Introduction To Bitcoin Trading Get My Guide A quiet open to the . . . → Read More: Bitcoin (BTC/USD) Looking at a Breakout, Ethereum (ETH/USD) Continues its Short-Term Struggle FTSE 100 Price Analysis & News FTSE 100 Gets Off to a Slow Start IG Client Sentiment Suggests Range Trading is Likely to Persist FTSE 100 Gets Off to a Slow Start A soft start to the week for the FTSE 100 as a plunge in the Turkish Lira weighs on sentiment, . . . → Read More: FTSE 100 Coiling for a Breakout, EU-UK Vaccine Trade War Begins British Pound, GBP/USD, GBP/JPY, Bank of England, Vaccination Rates – Talking Points: Equity markets traded mixed during APAC trade as investors look towards a flurry of Federal Reserve speakers later today. Rapid vaccine distribution and a cautiously optimistic BoE may drive the British Pound higher against its major counterparts. GBP/USD guided higher by an . . . → Read More: British Pound Forecast: Covid-19 Suppression Buoying GBP/USD, GBP/JPY Worlds are colliding as famed artist Rob Prior joins in the NFT craze with the technical savvy of Tracy Leparulo leading the charge. The pair discuss the exciting innovations taking place at Mogul Productions and the incorporation of Rob Prior’s art in the advancement of the platform. Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months. According to data shared by on-chain crypto data aggregator Glassnode on March 21, the peak of the 2017 bull market saw 50% of Bitcoin’s supply circulating within the preceeding six months. In . . . → Read More: Long-term investors continue to hodl despite $1T Bitcoin market cap Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, shared his analysis into the market performance of the four-largest publicly-traded mining firms — Marathon Digital Holdings, Riot Blockchain, . . . → Read More: Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to drive the price higher and start the next leg of the uptrend. One of the developments that could be bullish . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, UNI, LUNA, THETA, FIL Art trumps money. Always. It is important to remember this amid the current crypto art hype. Nonfungible tokens have given digital art the benefit of provable ownership, scarcity and programmability, allowing digital creators to promote and sell their work in ways never before possible. With the blockchain industry growing and markets becoming more liquid, . . . → Read More: Actionists reinventing art: As it ever was, so shall it ever be (even in crypto) Throughout the middle of March, many Americans received stimulus checks from the government, and while the payments — $1,400 for every U.S. citizen earning less than $80,000 annually — will be a blessing for millions in desperate economic straits as a result of the COVID-19 crisis, it has raised again the specter of . . . → Read More: Bitcoin’s new use case? A report card for how the US handles the dollar Though Ether’s (ETH) value has continued to showcase increasing signs of stability around the $1,800 range over the past fortnight or so, users of the premier altcoin’s network have been faced with rising gas fees as well as increasing network congestion issues. To put things into perspective, since summer last year, a time when . . . → Read More: Ethereum network in a fee spin: Can the Berlin upgrade save the day? Stock Market Forecast: Neutral Advertisement Dow Jones, Nasdaq 100, FTSE 100 Forecasts for the Week Ahead US equities were treated to a Fed meeting last week that might allow them to continue higher in the months to come after the central bank reiterated its accommodative policy path. In the shorter term, however,the impending . . . → Read More: Dow Jones, Nasdaq 100, FTSE 100 Forecasts for the Week Ahead The price of Bitcoin (BTC) dipped below $56,000 on March 21 after repeated rejections by the $60,000 resistance level throughout the past four days. BTC/USD 1-hour candle chart. Source: Tradingview Despite getting closer to cleanly breaching past the key technical level, Bitcoin has been showing weakness in the $59,000 to $60,500 range. There are . . . → Read More: Bitcoin price slides 5% after failing to break $60K — Here’s why USD/MXN Forecast: Neutral Advertisement To my surprise, the Mexican Peso has been standing its ground in the last few days and has outperformed some of the major currencies like the US Dollar and the Euro despite the continued rise of yields. The worst day for USD/MXN this week was on Wednesday after the . . . → Read More: USD/MXN Outlook: Mexican Peso Shows Resilience Ahead of Banxico Meeting Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world. We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they . . . → Read More: Nathan Mccrorey The year 2020 will go down in history as the beginning of the COVID-19 pandemic and the way it affected the Argentine economy. But it is also true that Argentina has been dragging along economic problems for decades, with high fiscal pressure, devaluation of the national currency (the Argentine peso), restrictions on the purchase . . . → Read More: A year into the pandemic: How Argentina’s economy struggled while its crypto ecosystem flourished Fundamental Euro Forecast: Bearish The EU looks to be struggling to vaccinate its people against Covid-19, raising fears of another lockdown. Moreover, the yield advantage of US Treasuries over German Bunds continues to rise. Neither of these factors seems to have been fully priced in yet to the EUR/USD pair so a break to . . . → Read More: Euro Forecast: Prepare for Possible EUR/USD Break to the Downside An early 20th century master who boasts a permanent installation at the Museum of Modern Art is about to get new life on the blockchain. In collaboration with NFT marketplace Mintable, the family of Wladimir Baranoff-Rossine will be releasing a collection of the esteemed Cubo-Futurist’s work. There will be a number of paintings . . . → Read More: Painting by avant-garde master Baranoff-Rossine to be auctioned as a NFT |
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