• Bitcoin’s price has recently exploded following a consolidation and pullback phase, and is currently testing the $25K resistance level.
• The 50-day moving average has crossed the 200-day moving average to the upside, which is a very bullish signal.
• A rejection from the current area could lead to a pullback towards the 50-day moving average located around the $21K mark.

Bitcoin Price Explodes

Bitcoin’s price has recently exploded following a consolidation and pullback phase, reaching levels as high as $25K and testing this key resistance level.

Bullish Momentum

The daily chart indicates that bullish momentum appears to be high at the moment, with the 50-day moving average crossing above its 200-day counterpart signaling further strength for Bitcoin’s price.

Likely Rejection?

While unlikely at this point in time, an unexpected rejection from this area could result in a pullback towards the 50-day moving average at around $21K. Furthermore, caution is warranted due to an RSI reading of over 80% on the 4 hour chart indicating potential for a short term retracement before any further gains.

Next Target?

If bulls are able to successfully break past $25K then there may be opportunity for further gains with some analysts setting their sights on a potential move towards $30K in coming weeks or months. However, much will depend on Bitcoin’s reaction to this key resistance level.

Takeaway

Bitcoin’s sudden surge has taken many by surprise but it remains unclear whether or not this will ignite another bull run or if it will end up being just another false dawn. Bulls have certainly taken control of market sentiment but only time will tell whether they can maintain their grip and push Bitcoin prices even higher.

• According to DappRadar, the total worth of the NFT ecosystem went from $9.3B to $3.7B in 2022 — a 59.6% drop.
• Terra Luna’s collapse in May 2022 caused an 88% market cap loss of NFT projects running on Ethereum by June 2022.
• Some projects launched during 2021 and early 2022 had “significant market cap growth” of up to 260%.

Ethereum NFT Market Cap Dropped by 60% Over The Last Year

According to DappRadar, the total worth of the NFT ecosystem went from $9.3B to $3.7B in 2022 — a 59.6% drop. On February 9th, DappRadar published a report showing that the Ethereum NFT market cap value fell by 59.60% from $9.3 billion in 2022 to around $3.7 billion in early 2023.

Main Cause Of The Drop

DappRadar’s study is based on the marketcap analysis of 81 of the largest NFT collections running on the Ethereum network and it was revealed that Terra Luna’s collapse in May 2022 was the main cause of the 88% market cap loss of NFT projects running on Ethereum by June 2022; leading to an overall collapse of crypto industry due to lack of investor interest in these projects and manipulations done by bad actors in this space.

Highest Earning Projects On Ethereum

The report noted that some projects launched during 2021 and early 2022 had “significant market cap growth” of up to 260%. Among those projects were Azuki, Pudgy Penguins, CryptoPunks and CryptoKitties with their respective highest earning collections being Terra Tots (Terra Luna), Cryptopunks Series 3 & 4 (Azuki), Pudgy Penguins Series 2 (Pudgy Penguins) and CryptoKitties Series 1 (CryptoKitties).

Analysis Of Market By DappRadar

DappRadar’s machine-learning algorithm experienced a decrease of 59.60% in USD value for these 81 collections from $9.3B at beginning of year till now when it stands at around $3.7 B as reported on February 9th 2023 according to their findings released recently through their website as well as other social media platforms like Twitter etc..

Conclusion

Despite this fall , there are still several strong contenders among these 81 collections which have been able to maintain their respective businesses having significant growths over past few months, indicating potential for further growth for those who are ready for investing into crypto industry markets including Non Fungible Token markets like Ethereum etc..

• MetaMask, a leading crypto wallet, announced new privacy features to improve security and user control.
• Advanced privacy settings allow users to toggle requests for third-party services and change RPC providers.
• The update was likely in response to the criticism MetaMask received when their updated privacy policy said it would collect IP addresses and Ethereum wallet addresses when sending transactions.

MetaMask Unveils New Privacy Features for Crypto Wallets

Leading crypto wallet MetaMask has unveiled a number of privacy features in response to increased criticism. On Feb. 2, industry-dominant crypto wallet MetaMask announced that users will see an “updated experience” for wallet creation and upgrades in their privacy and security settings.

Advanced Privacy Settings

Under the advanced privacy settings, users can now toggle features that send requests to third-party services. This helps with phishing detection and identifying incoming transactions, MetaMask explained. There is also the option to change RPC (remote procedure call) providers in response to criticism over the default provider, Infura.

Criticism of Updated Privacy Policy

In November, MetaMask came under fire after an update by developers ConsenSys. A quietly updated privacy policy said at the time that when using Infura, it will “collect your IP address and your Ethereum wallet address when you send a transaction.” This sparked a wave of condemnation towards the wallet and its creators, forcing ConsenSys to justify its actions.

Response from MetaMask

MetaMask has now rectified the issue by offering a choice of RPC providers in this latest upgrade. The phishing detection feature is also one that is required as attacks have become more frequent amongst malicious actors looking to steal funds from unsuspecting victims’ wallets.

Conclusion

Overall, these new changes are meant to give users maximum control over their data while ensuring they remain safe from malicious actors online seeking out vulnerable targets with valuable funds stored within their wallets on various platforms such as Ethereum or Bitcoin (BTC).

• Bitcoin Fear and Greed Index has entered ‘Greed’ zone for the first time since March 30, 2022
• The primary cryptocurrency has started off 2021 on the right foot, with a 40% increase since the end of 2022
• This rise in the overall market could be attributed to Bitcoin’s revival

The cryptocurrency market has been on a rollercoaster over the past year. In the beginning of 2020, Bitcoin (BTC) had surged to over $10,000 before plummeting back down to $3,800 in March, due to the coronavirus pandemic. After the crash, the primary cryptocurrency recovered and hit an all-time high of $42,000 in December. Now, BTC has stabilized at around $23,000 and the Fear and Greed Index is showing an optimistic outlook.

The Fear and Greed Index is a metric used to measure the general sentiment of the Bitcoin community. It has recently moved into the ‘Greed’ zone for the first time since March 30, 2022, which is a sign of the overall market revival. This could be attributed to the 40% increase in the price of Bitcoin since the end of 2022, which has helped to restore investor confidence.

Experts have suggested that this positive sentiment could be due to a number of factors. Firstly, the increasing adoption of cryptocurrency by mainstream businesses and financial institutions has helped to boost its acceptance as a legitimate financial asset. Additionally, the development of new technologies, such as Lightning Network and DeFi, has opened up a world of possibilities for the industry. Lastly, the potential for Bitcoin to act as a hedge against inflation has resulted in institutional investors allocating funds towards the cryptocurrency.

Overall, the Fear and Greed Index is a useful tool for gauging investor sentiment. By entering into the ‘Greed’ zone, it has provided an optimistic outlook for the future of the Bitcoin market. As the primary cryptocurrency continues to gain acceptance and adoption, it is likely that this trend will continue in the coming months.

• Ethereum (ETH) managed to book a 9.5% increase in the past seven days despite the most recent pullback.
• Buyers are now on the defensive, as the price broke below the parabola that was formed in early January.
• Ethereum managed to reach $1,600 before sellers returned and it is likely that this key resistance will hold in the near future.

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot. Ethereum (ETH) managed to book a 9.5% increase in the past seven days despite this most recent pullback. Despite the bullish momentum that Ethereum has been enjoying, buyers are now on the defensive as the price broke below the parabola that was formed in early January. A broken parabola often signals a change in trend and in this case, Ethereum managed to reach $1,600 before sellers returned. This key resistance seems likely to hold in the near future since buyers appear to have lost their momentum.

Analysts suggest that a retest of the support found at $1,400 seems probable. This would constitute a healthy pullback and an expected move, considering that Ethereum is still trading above the $1,200 level. However, if the support at $1,400 fails to hold, Ethereum could be in for a bigger correction. On the other hand, if the bulls manage to defend the support at $1,400, buyers may be able to push the price back up towards the $1,600 resistance.

Ripple (XRP) followed a similar path as Ethereum this week and managed to book a 10.3% increase over the past seven days. Despite the bullish momentum, XRP is currently trading just above the $0.30 support level. This is a key level since a break of this support could lead to a deeper correction. If the bulls manage to hold this support, XRP could make another attempt at breaking the $0.32 resistance.

Cardano (ADA) has been one of the best performers this week, with a 14.3% increase. ADA is currently trading just below the $0.30 resistance level. If the bulls manage to break this resistance, the next target could be the $0.32 resistance. On the other hand, if the resistance holds, ADA could pull back towards the $0.28 support.

Solana (SOL) has also been one of the best performers this week, with a 26.4% increase. SOL is currently trading just below the $20 resistance level. If the bulls manage to break this resistance, the next target could be the $22 resistance. On the other hand, if the resistance holds, SOL could pull back towards the $17.50 support.

Finally, Polkadot (DOT) has been one of the best performers this week, with a 22.2% increase. DOT is currently trading just below the $12.50 resistance level. If the bulls manage to break this resistance, the next target could be the $13.75 resistance. On the other hand, if the resistance holds, DOT could pull back towards the $11.50 support.

Overall, the cryptocurrency market is in an interesting spot right now, with Ethereum, Ripple, Cardano, Solana, and Polkadot all trading in key levels. If the bulls manage to defend the support levels, these cryptocurrencies could make another attempt at breaking their respective resistances. However, if the support levels fail to hold, a deeper correction could be on the horizon.

• A recently published crypto study by Incheon National University and the Bank of Korea found a strong correlation between the “kimchi premium” and international remittances to China.
• The “kimchi premium” is the persistently higher Bitcoin price in South Korea compared to other countries.
• The study’s characterization of the cross-border Bitcoin trade and recommendations miss some key economic foundations.

The world of cryptocurrency is ever-evolving, and with the recent crypto study coming out of South Korea, it is no wonder why. Incheon National University and the Bank of Korea have been researching the effects of the “kimchi premium” on Bitcoin prices, and the results are both intriguing and important to understand.

The “kimchi premium” is a term used to describe the persistently higher Bitcoin price in South Korea compared to other countries. This is due to the lack of regulations and access to international exchanges, causing the demand for Bitcoin to be higher in South Korea than other countries. In the study, the authors found a strong correlation between this kimchi premium and international remittances to China.

However, the study’s characterization of the cross-border Bitcoin trade and recommendations miss some key economic foundations. For example, the authors suggest that Chinese traders are exploiting the kimchi premium and profiting from it, but this ignores the fact that markets are driven by supply and demand. If Chinese traders were indeed exploiting the kimchi premium, then the demand for Bitcoin would have to be so high in South Korea that it would outpace the supply, resulting in a higher price.

The study also fails to take into account other factors that could be influencing the price of Bitcoin in both South Korea and China. For example, the Chinese government has recently been cracking down on cryptocurrency exchanges, which could be the cause of the higher prices in South Korea. Additionally, the study fails to consider the role of speculation in the crypto markets, which could also be driving the kimchi premium.

In conclusion, while the study’s authors may have identified a connection between the kimchi premium and international remittances to China, their characterization of the cross-border Bitcoin trade and recommendations fail to take into account other factors that could be influencing the price of Bitcoin in both South Korea and China. As such, it is important to remember that markets are driven by supply and demand, and that speculation and other factors should also be taken into account when looking at the kimchi premium.

• Wyre, a cryptocurrency payments company, has removed the 90% withdrawal limit after receiving financial support from a “strategic partner.”
• The company previously imposed withdrawal limits on customers, hinting at a potential liquidity crisis.
• Wyre has now resumed accepting deposits and has lifted the 90% withdrawal limit, allowing customers to make full withdrawals.

Wyre, a cryptocurrency payments company, has recently removed the 90% withdrawal limit that was previously imposed on customers. This was made possible after Wyre secured financial backing from a “strategic partner,” allowing it to continue its “normal course of operations.” The move comes after customers were made aware of Wyre’s potential liquidity crisis, which had prompted the company to impose withdrawal limits.

The company has now resumed accepting deposits and has lifted the 90% withdrawal limit, allowing customers to make full withdrawals. Wyre stated that the financial support enabled them to maintain their current operations without any disruption. The strategic partner has not yet been identified, but the company is expected to reveal more information in the near future.

The move has been welcomed by many of Wyre’s customers, who had previously been unable to make full withdrawals. The company has also promised to improve its customer service operations in the coming weeks. Wyre has been providing payment services since 2023 and has become a popular choice among cryptocurrency traders and investors.

The company has also been working to expand its services to include a range of new features. These include support for additional cryptocurrencies, a streamlined onboarding process, and a more intuitive user interface. Wyre has also been actively engaging with regulators to ensure that its services meet all legal requirements.

With the recent financial backing, Wyre is now in a position to continue its operations without any disruption. The company has also promised to provide more transparency in the future, which should help to build trust among its customers. Wyre’s move to resume normal operations is a positive step forward for the cryptocurrency industry and will likely be welcomed by many of its users.

• Bitcoin has reacted positively to the US Labor Department’s positive job report for December 2022, jumping towards the $17,000 mark.
• The report showed that the unemployment rate dropped to 3.5%, and that 223,000 jobs were added in December, which was higher than expected.
• Overall, the US economy added 4.5 million new jobs in 2022, with the best month being February, with over 700,000 jobs added.

The primary cryptocurrency, Bitcoin, reacted with minor volatility heading north after the US Labor Department released its positive job report for December 2022. The report showed that the unemployment rate dropped to a historic low of 3.5%, while the economy added 223,000 jobs, which was higher than the 200,000 estimated by Bloomberg.

This news has given a boost to Bitcoin, causing it to jump towards the $17,000 mark. This is the latest evidence of a strong recovery for the world’s most powerful economy, which has been largely driven by a combination of government stimulus and a vaccine rollout that has helped the US maintain its momentum despite the disruption caused by the COVID-19 pandemic.

The report revealed that the US economy added 4.5 million new jobs in 2022, with the best month being February, which saw over 700,000 jobs added. This was followed by March and April, which saw just under half a million jobs added each month. The end of the year saw a slowdown in job gains, with December adding 223,000 jobs.

The positive news from the US Labor Department has been welcomed by many in the cryptocurrency community, who believe that it is indicative of a broader trend of economic recovery. This has been further bolstered by the fact that the US Federal Reserve has maintained its accommodative monetary policy, which has helped to support the economy despite the challenges posed by the pandemic.

It remains to be seen how this news will affect Bitcoin in the long run, but the currency has certainly been buoyed by the news so far. As the world continues to recover from the pandemic, it is likely that the cryptocurrency market will remain volatile, but the positive job report from the US is certainly a sign that the economic recovery is well underway.

• Tron’s Justin Sun confirmed a 20% layoff at Huobi
• The move is a part of Huobi’s restructuring efforts to weather the unprecedented turmoil in the market
• Sun asked the community to ignore the FUD, reiterating Binance CEO CZ’s words

The crypto world has been shaken by the news of Huobi, one of the largest crypto exchanges, planning to lay off 20% of its employees. Justin Sun, the founder of Tron and a member of Huobi’s global advisory board, confirmed the news in a text message to Reuters. This move is a part of Huobi’s restructuring efforts to stay afloat in the market amidst the unprecedented turmoil caused by the FTX-induced contagion.

The news of Huobi taking drastic measures to stay afloat in the market caused a stir in the crypto community with the HT token declining to a monthly low of $4.38. Sun, in an attempt to allay the investors’ concerns, asked the community to ignore the FUD, thus echoing the words of Binance CEO CZ. He assured that the “structural adjustment” has not started yet and is expected to reach a conclusion by the end of the first quarter this year.

The news of Huobi’s job cuts has come as a shock to the crypto world, as it is the latest in a series of companies taking drastic measures in order to survive in the current market conditions. It remains to be seen how the restructuring efforts of Huobi will affect its business in the long run and whether it will be able to weather the current market turbulence. For now, Sun’s words have given a ray of hope to the crypto investors that the situation is not as dire as it seems.

Nach Informationen der Macher hinter Bitcoin Bank kann die Plattform rund 550 US-Dollar pro Stunde für seine Nutzer verdienen. Sofern diese Zahlen korrekt sind, würde dies einem Tagesverdienst von 13.000 US-Dollar entsprechen. Sowohl das Feedback der Plattform-Nutzer als auch andere verifizierte Berichte legen nahe, dass die Zahlen korrekt sind und Menschen durch den Einsatz dieses Tools erhebliche Gewinne erwirtschaften können.

Es ist durchaus nachvollziehbar, dass gegenüber der Verwendung einer derart speziellen Software bei vielen Menschen eine gewisse Skepsis vorherrscht, bevor sie dem automatischen Handel mit der einen oder anderen Kryptowährung Vertrauen schenken. Im Mittelpunkt steht demnach die Frage, ob der Bitcoin-Code-Roboter tatsächlich so gut funktioniert, wie es die Verantwortlichen angeben. Im Folgenden einige wichtige Interessante Fakten zu Bitcoin Bank.

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Um was handelt es sich bei Bitcoin Bank genau?

Im Grunde genommen ist Bitcoin Bank eine Software, welche den automatischen Handel mit Bitcoins bzw. anderen Kryptowährungen einem Anwender ermöglicht. Wie es auf der offiziellen Internetseite des Betreibers heißt, verwendet der Roboter fortschrittlichste Formen, die in einem Handelsalgorithmus zum Einsatz kommen können. Auf diese Weise soll jede interessierte Person die Möglichkeit erhalten, selbst als Einsteiger relativ zügig Gewinne durch den Handel mit Kryptowährungen zu erzielen. Expertenwissen im Bereich des Krypto-Handels scheint demnach nicht zwingend notwendig zu sein.

Der automatisierte Handel über Bitcoin-Code besitzt den Vorteil, dass die Software große Datenmengen weitaus schneller analysieren kann, als es ein Mensch je könnte. Gehandelt werden können die Kryptowährungen Ethereum, Bitcoin, Dash, Litecoin sowie Stellar.

Features & Funktionsweise

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Die Schöpfer von Bitcoin Bank

Schöpfer von Bitcoin Bank ist Steve McKay. McKay ist ein bekannte Unternehmen in der Finanzbranche und etablierter Fachhändler. Er arbeitete unter anderem als Investor für ein Unternehmen an der Wall Street und verhalf Großkunden, hohe Gewinne durch den Einsatz einer Handelssoftware zu erzielen. McKay gründete einige Zeit später sein eigenes Unternehmen und entwarf den Bitcoin-Code-Roboter. Nach seinen Angaben, hätte jeder eine Chance verdient, ebenso hohe Gewinne zu erzielen, wie es auch erfahrene Händler tun, welche ihrerseits die technisch relevanten Aspekte dieser Branche bereits verstanden haben.

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Aussage zu Nutzung von Bitcoin Bank

Ein Benutzer der Bitcoin-Code-Plattform berichtet, dass er keine genaue Statistik über seinen Erfolg nachweisen könne. Allerdings sei er erfolgreich gewesen. Darüber hinaus gab er an, dass er zwar kein Millionär, sondern ein “durchschnittlicher Mann” sei, der Schulden gehabt hätte. Dank Bitcoin Bank habe er nun zum ersten Mal in seinem Leben keine Schulden mehr und durch Bitcoin Bank die “Kontrolle” über sein Leben erlangt.

Vor- und Nachteile von Bitcoin Bank

Vorteile:

– Für den Handel mit den verschiedenen Kryptowährungen fallen keine zusätzlichen Provisionen oder andere Gebühren an. Es gibt lediglich Transaktions- und Auszahlungsgebühren.

– Die Benutzeroberfläche von Bitcoin Bank ist leicht verständlich, wodurch sich auch Anfänger schnell zurechtfinden und leicht navigieren können.

– Aufgrund seines Schöpfers und wegen seiner bisherigen Erfolge ist Bitcoin Bank ein seriöser Handelsroboter.

– Durch eine Vielzahl unterschiedlicher Einstellungsmöglichkeiten kann der Benutzer den Handelsroboter auf seine Bedürfnisse anpassen und besitzt damit stets volle Kontrolle über das Geschehen.

– Bitcoin Bank stellt ein Demokonto zur Verfügung.

Nachteile:

– Eine mobile App gibt es nicht. Die Software lässt sich ausschließlich über einen Webrowser nutzen.

Fazit

Bitcoin Bank beweist alle in allem, dass das automatische Handeln mit Krypto-Robotern durchaus seine Daseinsberechtigung hat und keineswegs einen hohen Risikofaktor darstellt. Sicher ist zudem, dass die zum Einsatz kommenden Algorithmen nahezu täglich eine weitere Verbesserung erfahren und damit zuverlässiger Handeln können. Bitcoin Bank verspricht bislang hohe Renditen, weshalb eine Anmeldung an der Plattform keineswegs der falschen Schritt zu sein scheint. Jeder sollte sich jedoch darüber im Klaren sein, dass jede Investition bestimmte Risiken mit sich bringt. Daher ist es ratsam, zunächst mit kleineren Beträge zu beginnen.

Verhalten im Vergleich zu anderen Bots

Bitcoin Bank ist ein durchweg legitimer Bot zum Handel mit Kryptowährungen. Oftmals erzielt er bessere Ergebnisse als die Krypto-Roboter der Konkurrenz. Bitcoin Bank kann sich also uneingeschränkt weiterempfehlen lassen.