¿Qué dice?

Launch Duolingo, select Spanish, and start packing your suitcases. If the bear market is coming, we might as well spend it in South America where instead of selling your BTC for fiat, you can use it to buy snacks and permanent residency. Sun, Beach, and Bitcoin – sounds good to me!

Market: As highlighted on Monday, this is the indicator you need to keep your eyes on for BTC. We’ve never seen a death cross happen with the bull market staying intact. That being said, there is significant bid support under the 30k region, so it will be a hard area for bears to crack. Barring a major bearish event, I still believe we should see a bounce back to 43k, because the price has absorbed a lot of negative news and we’re still holding 30k.

Crypto News

  • Michael Saylor: This cycle’s perma-bull, announced that MicroStrategy is going through a private offering of $400 Million to buy more Bitcoin. Do we have to wonder at what price level even Saylor will be forced to sell?
  • China: Reports are coming out that the government will be publishing official guidelines around crypto, with aims to attract more blockchain development. This will be great for stopping the Chinese FUD that scares the market.
  • El Salvador: Approved the Bitcoin Law, which makes BTC 100% legal and mandatory acceptance throughout the territory. Great news for adoption, and even better, it seems many SA countries such as Panama or even Mexico might follow suit.
  • PayPal: Registered a record daily volume of over $300 million for Bitcoin operations, which could be a strong indicator that retail might be sticking its toes back in the market after being spooked by the drop.

DeFi News

NFT Spotlight

Be sure to check the listing to view the digital crypto artwork in its full glory, as some art is animated or contains audio.

Punk Lisa
1/1 Dimensions: 1920 x 1080.

NFT News