#Bitcoin #Bhutan #Ripple
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Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/can-ethereum-actually-fall-to-2700-just-because-investors-want-it-to/
Can Ethereum actually fall to $2700 just because investors want it to
Ethereum has seen bouts of hikes and falls this month with single-day increases touching almost 11.3% and single-day falls sitting at 10.5%. In such an unanticipated market, why are people turning bearish for Ethereum is the question.
And, even if they are, what are the chances of Ethereum actually falling further?
Investors want Ethereum to fall?
Not all, obviously. The observation comes from Deribit’s puts and calls contracts data. According to the same, trading volumes of Puts Options have been as high as 31k, amounting to more than $90 million. These options are targeted mostly for Ethereum to hit $2700.
Now, since Deribit represents almost 96% of all Open Interest in the Options market, it can be considered as almost all of the market’s opinion.
https://www.benzinga.com/markets/cryptocurrency/21/09/23127032/popular-crypto-trader-says-while-bitcoin-takes-a-nap-these-2-defi-coins-show-great-upside
Popular Crypto Trader Says While Bitcoin Takes A Nap, These 2 DeFi Coins Show Great Upside
Apex cryptocurrency Bitcoin (CRYPTO: BTC) is likely to see more choppy trading, while decentralized finance (DeFi) tokens Avalanche (CRYPTO: AVAX) and dYdX (CRYPTO: DYDX) continue to trend higher, according to pseudonymous cryptoanalyst “Altcoin Sherpa.”
What Happened: Altcoin Sherpa told his 129,000 followers on Twitter that, while Bitcoin will likely see more volatility between the $40,000 and $50,000 levels, it will surge once it breaks through the $50,000 level.
https://www.cryptopolitan.com/chinese-government-holds-bitcoin/
Did you know? The Chinese government is the second-largest Bitcoin holder
The Chinese government holds more than 194k Bitcoin, which was seized from the PlusToken scammers.
Most countries gained cryptocurrencies via seizure, except for El Salvador which recently announced its Bitcoin reserve.
Judging by the ongoing crypto regulatory tension and crackdown in China, one can easily conclude that the country is the most stringent place for any digital currency-related operations. Most exchanges and miners operating in the country have had to shut down or migrated to other jurisdictions. Amidst all these tussles, did you know the Chinese government is still the second-largest single entity holding Bitcoin (BTC)?
https://ambcrypto.com/this-is-where-bitcoin-has-an-edge-over-stocks-and-real-estate/
This is where Bitcoin ‘has an edge’ over stocks and real estate
Bitcoin is considered the most successful cryptocurrency. It continues to entice investors who previously viewed gold as the de-facto inflation hedge and portfolio insurance.
So is it a wise decision to add BTC to an investment portfolio?
Well, here’s what the current issue of the prestigious 178-year-old weekly magazine has to say about the same.
“Diversification is both observed and sensible; a rule of behavior which does not imply the superiority of diversification must be rejected both as a hypothesis and as a maxim.”
An expert at The Economist, reiterating the aforementioned quote by Nobel Prize winner Harry Markowitz’s Journal in 1990 opined that,
https://www.bloomberg.com/opinion/articles/2021-09-28/bhutan-s-crypto-ngultrum-launch-gets-the-blockchain-right
This Tiny Nation Is on a Fast Track to a Crypto Revolution
Crypto is the key to happiness. Or maybe not.
The infighting is intensifying at the Federal Reserve.
Germany is just as divided as America, but not nearly as salty.
Petrol panic is quickly turning into pasta panic in the U.K.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
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