Jake Paul appoggia Dogecoin dopo aver rivelato la fortuna del suo investimento di 8 anni in Bitcoin

La sensazione di YouTube Jake Paul ha fatto un’interessante rivelazione su un investimento in Bitcoin che ha fatto all’età di 16 anni. La star di YouTube ha entusiasmato i suoi seguaci con la notizia su Twitter quando ha rivelato che l’acquisto di 100 dollari in Bitcoin che ha fatto a 16 anni vale ora 46.000 dollari.

Come citato dal suo tweet, „Quando avevo 16 anni, ho investito tutto il mio primo affare con il marchio Vine in Bitcoin Trader quando valeva 100 dollari Dopo 8 anni di possesso ora vale 46.000 dollari“. La famosa strategia di „hodling“ che Jake ha impiegato, è stata proposta dagli analisti come la strategia di investimento a lungo termine meno pericolosa e più redditizia nel mercato delle criptovalute.

Jake Paul approva DogeCoin

A quanto pare, anche Jake Paul ha lo sguardo fisso su Dogecoin. Come Musk, Jake Paul prevede un futuro promettente per Doge. „Dogecoin è il fratello minore di Bitcoin… hanno lo stesso potenziale… è ancora presto“, ha aggiunto. DOGE, che al momento del rapporto ha registrato un calo di prezzo del 7%, ha ottenuto un PR gratuito da un fan impegnato; Elon Musk.

Con le PR di Jake Paul combinate, DOGE è pronta a ricevere una massiccia attenzione dei media in futuro. Anche se se questo è abbastanza per mandarlo sulla luna o su Marte, è una domanda da lasciare al tempo, l’asset digitale ha avuto una corsa decente nel mercato dall’inizio dell’anno.

Il prossimo set di milionari Bitcoin potrebbe già essere qui

Mentre i rendimenti degli investimenti di Jake non aggiungono molto al suo patrimonio netto stimato di 17 milioni di dollari, molti giovani che hanno investito un po‘ più in alto di Jake nello stesso periodo hanno incassato milioni. Una personalità degna di nota che rientra in questa categoria è l’autoproclamato più giovane milionario di Bitcoin Erik Finman, il cui investimento di 1000 dollari in Bitcoin può essere accreditato come unica ragione per il suo patrimonio netto di 4,8 milioni di dollari. Mentre la prima serie di milionari Bitcoin erano per lo più Gen Xers, i millennials e Gen Zs sembrano aver rivendicato il loro posto nel mercato delle balene.

Una potenziale diversificazione nella posizione potrebbe essere registrata in futuro, visto che i paesi in via di sviluppo come la Nigeria e l’India sono importanti pionieri dell’adozione di Bitcoin. Secondo i dati di Bitinfocharts, ci sono attualmente oltre 92.000 indirizzi di portafoglio con almeno 1 milione di dollari di valore di Bitcoin.

L’anno scorso, solo poco più di 25.000 indirizzi rientravano in questa categoria, tuttavia, i nuovi dati potrebbero essere un indicatore del fatto che nuovi milionari Bitcoin sono stati fatti negli ultimi 12 mesi. Con la rapida accelerazione del prezzo del Bitcoin, e con più di 400.000 indirizzi che detengono oltre 100.000 dollari di Bitcoin, il numero di milionari nella comunità è destinato ad aumentare.

Les prix des bitcoins ont atteint un record après l’autre en une semaine qui a vu les géants mondiaux de l’industrie tout faire, de l’achat de la cryptocarte à l’annonce de nouveaux projets qui la mettent en valeur.

Tesla a révélé lundi dans son dossier de valeurs mobilières qu’elle avait acheté pour 1,5 milliard de dollars de Bitcoin Code en janvier et qu’elle avait l’intention d’offrir à ses clients l’option d’acheter leurs voitures en utilisant la cryptocouronne comme mode de paiement. Mardi, l’analyste de RBC Capital Markets Mitch Steves a spéculé qu’Apple pourrait vouloir copier l’investissement de Tesla dans la cryptographie.

Mercredi, le géant des cartes de crédit Mastercard a annoncé l’introduction de Bitcoin et d’autres cryptocurrences sur son réseau de paiement. Plus tard, jeudi, la plus ancienne banque américaine BNY Mellon a révélé qu’elle offrirait des services de garde cryptographique sur la même plateforme que celle utilisée par ses clients pour les espèces, les trésors et autres actifs traditionnels.

Le même jour, PayPal a annoncé qu’il allait étendre ses services de cryptocommunication au Royaume-Uni via son application Venmo.

LUNES DE PRIX BITCOIN

La vague d’optimisme sur le marché des bitcoins a fait grimper les prix de plus de 25 % depuis le début de la semaine. Comme lors de la session asiatique de vendredi, la devise phare de la cryptologie a atteint 48 912 dollars, son nouveau record, laissant de nombreux analystes prévoir une hausse prolongée vers 50 000 dollars.

„Casser l’ATH pour le bitcoin [en plus] de le gagner et de le clôturer au-dessus aujourd’hui/ demain [signifie] que nous pourrions continuer vers 50.000 dollars comme prochain objectif“, a déclaré Michaël van de Poppe, un analyste financier/négociant indépendant à Amsterdam, en début de semaine, avant le boom des prix de jeudi.

M. Poppe a ensuite tweeté que Bitcoin doit détenir 43 500 $ comme soutien pour assurer la poursuite vers et au-dessus de 50 000 $. Si cela se produit, la cryptocouronne pourrait même atteindre 62,50o $ ensuite.

Joel Kruger, stratégiste en cryptologie monétaire chez LMAX Digital, la bourse des actifs numériques, a également identifié 50 000 dollars comme prochain objectif de prix potentiel pour le Bitcoin, le qualifiant de „barrière psychologique“. Mark Warner, responsable du trading chez BCB Group, est d’accord mais a mis en garde contre une prise de bénéfices importante à proximité du niveau, qui pourrait faire baisser le Bitcoin après l’avoir testé.

Les chartistes traditionnels étaient euphoriques. Un analyste indépendant a noté sur Twitter que Bitcoin a très peu de chances de baisser à ce stade, sauf si un événement „Black Swan“ se produit, ce qui est inimaginable.

„Je ne vois pas comment la CTB s’est retrouvée en tête de liste avec des entreprises qui affluent à gauche et à droite pour s’investir“, a-t-il noté. „50 000 dollars sont inévitables, que nous descendions un peu avant ou pas ne devrait pas être un facteur de rupture.

Bitcoin s’échangeait à près de 47 480 dollars au moment de la publication du rapport.

A parte il fatto che MicroStrategy ha raccolto 650 milioni di dollari per Bitcoin la scorsa settimana, una delle più grandi novità su Twitter finanziario è stata l’IPO Airbnb. Dopo mesi e persino anni di attesa, il servizio globale di noleggio peer-to-peer è diventato pubblico sul mercato azionario. Mentre questo è arrivato nel bel mezzo di una pandemia, quando i profitti dell’azienda stanno scivolando, i mercati hanno offerto comunque un prezzo più alto.

Le azioni della Airbnb, l’ABNB ha raggiunto una valutazione di 100 miliardi di dollari subito dopo l’inizio delle contrattazioni. Inoltre, le azioni sono ora scambiate per 139 dollari, nonostante la chiusura dell’IPO a 68 dollari per azione.

Questo significa che sta sovraperformando Bitcoin Profit in una certa misura. L’IPO di Airbnb è l’ultima di una serie di grandi IPO nell’ultimo anno che hanno entusiasmato il mercato.

Barry Silbert, CEO di Digital Currency Group, ha postulato che Bitcoin potrebbe essere uno dei beneficiari finali di queste IPO. Ecco perché la pensa così.

Bitcoin potrebbe trarre vantaggio dai profitti Airbnb

L’amministratore delegato del principale conglomerato di cripto-asset e uno dei primi ad adottare Bitcoin, Silbert, ha postulato su Twitter che i profitti di queste IPO potrebbero arrivare a Bitcoin:

„Ho il vago sospetto che una buona parte dei recenti guadagni delle IPO troverà la sua strada in BTC. Un mucchio di investitori e dipendenti del settore tecnologico che entrano in possesso di un sacco di soldi. Dove la metteranno?“

Come spiega Silbert, molti di questi investitori e persino gli stessi dipendenti Airbnb sono investitori tecnologici, e sono naturalmente più acclimatati a Bitcoin che a Wall Street.

Un esempio: Brian Armstrong, uno dei primi dipendenti dell’Airbnb, è l’amministratore delegato di Coinbase.

Bitcoin potrebbe guadagnare una spinta, dato che le centinaia di milioni e persino i miliardi di dollari di profitti realizzati con questa IPO potrebbero essere assegnati a BTC nel tempo.

Parte fondamentale di qualsiasi portafoglio

Questa potenziale migrazione di capitali viene dal momento che il mercato ha iniziato a considerare Bitcoin come una parte essenziale di qualsiasi portafoglio.

Ad esempio, MassMutual ha recentemente acquistato 100 milioni di dollari di BTC in quanto cerca rendimenti migliori in un mondo in cui molte obbligazioni non rendono nulla o rendono anche valori negativi.

Inoltre, c’è un numero crescente di banche di Wall Street che pensano che il Bitcoin possa essere visto come una valida alternativa all’oro.

Beyond the editorial staff, the community – Le Journal du Coin, it’s not just a media and the team that works hard in the back of the store to keep it alive. As you know, it’s also an increasingly dynamic and followed YouTube channel (and we thank you for that), thanks to the intrepid Sami … but also its branch of Trading du Coin, and the new Savings service of Corner. But as you may have noticed, we don’t intend to stop there… and our new Discord is already evolving!

Come on, we’re fine

We told you about it last week: our official Journal du Coin Discord channel has landed, and we’re very happy to see more and more of you there… with over 3000 members already joining us!

Click here to join us on the JDC Discord! “

In addition to discovering, in preview, some announcements of the actors of the JdC, you will be able to come to discuss between readers of your preferred information site. Do you want to discuss with you or with us, to apostrophize us on an article that has just come out, to submit your questions for the new Lives du Coin masterfully led by Sami ? All of this, and more, is possible!

And if many discussion channels already exist, others are in preparation, in particular thanks to a team of early crypto-fans who are participating with us in the co-construction of this space. Want to help us and mold it according to your ideas ? It is also possible, since we hope to see you participate , to make the community surrounding the Journal du Coin ever more alive .

Friendly moderators, who are waiting for you

And to talk about this community that federates and exchanges continuously, who better than one of the most active moderators of Discord ? Let me introduce you to the brave Julian ! He heard about Bitcoin “without being interested in it at all at all” , this multi-hatted entrepreneur quickly plunged into it again in 2017 , when the famous bubble was starting to swell (does that remind you of something? you are not alone !). This “big gamer” fan of LoL , Fortnite or even GTA RPhas been dragging its gaiters through the Discord channels of the cryptosphere ever since, taking an interest sometimes in projects and their teams , sometimes in cryptocurrencies in particular, but “not in trading, a strange world not really made for me” .

At the beginning, Julian “crossed the road of a Ponzi ” , an error unfortunately too common in the cryptosphere… but that will not have discouraged him , since since he seeks on his scale to prevent newcomers from doing the same again !

What is Julian doing now? Well, mainly position yourself as an “end user” , testing the products that speak to them the most, like Crypto.com or Sorare .

“Right now, there are a lot of newcomers, so I hope that we can do a lot of the educational work on Discord, more easily, precisely on the right reflexes to have when we arrive in this crazy world of cryptocurrencies. Between the fundamentals of the JDC, the basics of trading with Coin Trading, or even facilitating investment via Coin Savings. The fact of moving forward on all these projects, together, it’s very nice, and it promises for the future! ”

To join us on Discord , it’s easy, click on the following invitation link:

Click here to join us on the JDC Discord! „

Salvador Airport uses face recognition for passenger boarding with a solution developed by Serpro that develops blockchain solutions for the Federal Government

Salvador airport says ‚goodbye‘ to paper documents and forehead boarding by facial recognitionNOTES

Salvador Airport is saying ‚goodbye‘ to physical documents such as ID and driving licence at the time of boarding and is testing a solution based on facial recognition.

This way the pilot project called Embarque + Seguro, is being tested initially with voluntary passengers of the airline GOL and was developed in partnership with Serpro, a public company that promotes several blockchain solutions for the Federal Government.

„At check-in at the airport, the biometric validation of the passenger is done, comparing the data and photo taken on the spot, with the base of the government and the link to the boarding pass. To enter the aircraft, boarding occurs through facial identification Crypto Cash by biometrics, without the need to present any document,“ said the Ministry of Infrastructure.

Facial recognition
For the Superintendent of Relationship with Final Clients of Serpro, Brenno Sampaio, Embarque Seguro is another disruptive project of digital transformation of the country.

„The technological solution dispenses with the presentation of traveler identification documents in the boarding process and provides substantial gains to the ecosystem on issues related to security, airport intelligence, operational efficiency and logistics. The existing integration between this solution and the Brazilian Anticipated Passenger Information System (Sisbraip) will provide oversight bodies such as the Federal Police, Anvisa and Vigiagro with risk analysis of travelers with rules adhering to their needs,“ he said.

The database used to validate people’s information aggregates the database of the Supreme Electoral Court (TSE), as well as the CNHs (National Driver’s License) of the National Traffic Department (Denatran).

„In practice, this means that not only drivers, but also all voters who have registered biometrically with the TSE, will be able to take advantage of the facilities of biometric validation for travel. In all, there are 67 million CNHs and 120 million registered voters,“ says the ministry’s note.

CPF
To perform these initial tests, Serpro has developed an application that allows the registration of the passenger photo, which is linked to your CPF and soon other government databases will be used to expand the universe of data, including blockchain databases can be accessed.

„We redesigned the whole journey of boarding and identification of the passenger, implementing the most current international standards, through the use of Serpro technology of facial recognition, integrated, in real time, with the unified system of verification and validation of government. In the near future, we intend to offer an intelligent app that personalizes the traveler’s experience, delivering conveniences, such as warning about your flight information, and also guiding you to your boarding gate in an uncomplicated way“, reveals Rafael Soto, Serpro’s Government Digitalization Superintendent.

Facial recognition technology for passenger identification and automatic boarding was already offered in the market.

„What did not exist, until now, was a unified national system that made it possible to quickly and safely check and validate the passenger’s identity from the crossing with different government databases,“ adds the ministry.

Als der Preis von Bitcoin an den meisten Kryptowährungsbörsen einen neuen ATH erreichte, erwarteten die Händler, dass er schnell 20.000 $ erreichen würde. Das Krypto-Asset sah sich jedoch bald mit einer Welle von Korrekturen konfrontiert, selbst als seine Marktkapitalisierung 354 Milliarden $ überschritt und es zur siebtgrößten Währung der Welt wurde.

Vielen mag der Wert von 20.000 USD ebenfalls unerreichbar erscheinen, da er oft auch als psychologischer Meilenstein gilt. Psychologisch, aber bedeutsam, zumal für die meisten Einzelhändler dieses Niveau dem vorherigen ATH am nächsten kam. Damit der Preis die 20.000 $-Marke durchbrechen kann, muss das aktive Angebot nach Ansicht von On-Chain-Analysten beständig niedrig bleiben oder vorzugsweise niedriger getroffen werden. Außerdem sollte auch die Nachfrage steigen. Die Nachfrage wird jedoch in erster Linie von Institutionen wie Grayscale getrieben, und die meisten HODLer (2 bis 3 Jahre) verkaufen.

Um diese Vorstellung von Liquidität zu relativieren, betrachten Sie die Karte der ausgegebenen HODLer-Bitmünzen. Bitmünzen, die zwischen 5.428 $ und 11.000 $ gekauft wurden, treffen schnell auf die Börsen. Der prozentuale Anteil des aktiven Angebots aus dem letzten Jahr ist gering, Händler und HODLer ab 2017 und davor verkaufen jedoch und verbuchen nicht realisierte Gewinne, da sie befürchten, dass die Korrekturen härter ausfallen könnten. Dies ist kontraintuitiv, da Massen-FUD möglicherweise zu einem Preisrückgang führen wird und es noch schwieriger werden könnte, 20.000 USD zu überschreiten oder eine Konsolidierung auf Niveaus unterhalb dieser Marke zu erreichen.

Wenn die 20.000 $-Marke nicht erreicht wird, kann dies ebenfalls zu Korrekturen führen, die nicht eingängig sind. An den Terminbörsen ist das Volumen der BTC-Optionen seit dem 30. November kontinuierlich zurückgegangen, während der OI um 15,6% gesunken ist. Der rapide Zinsverlust, der aus den Skew-Charts ersichtlich ist, deutet darauf hin, dass es für den Preis schwieriger sein könnte, die 20.000 $-Marke an den Spot-Börsen zu erreichen.

Verkaufsaufträge an den Kassabörsen stapeln sich bei 20.000 $, was darauf hindeutet, dass die Einzelhändler erwarten, dass der Preis so weit gehen wird. Obwohl der Durchschnittspreis von MicroStrategy pro Bitcoin Formula für BTC im Wert von $60 Millionen über $19.000 lag, erwarten Einzelhändler kurzfristig einen Rückzug und bereiten sich darauf vor.

In einer solchen Situation kann der Weg zu 20.000 $ lang oder sogar unmöglich sein. Die Furcht vor einem Ausverkauf auf kurze Sicht kann die Einzelhändler zu einem massiven Ausverkauf führen. Unterhalb von 20.000 $ liegt das signifikante Preisniveau bei 19.000 $, ein Niveau, auf dem der Vermögenswert seit fast einer Woche über 19.000 $ gehandelt wird. Die Marktkapitalisierung hält sich zwar fest, aber angesichts des steigenden Angebots wird der einzige Weg zu 20.000 $ über die negativen Gefühle und Ängste vor einer Korrektur hinausführen.

I vad som är JPMorgans senaste flödes- och likviditetsrapport för året skriver kvant Nikolaos Panigirtzoglou att när året avslutas …

… är det användbart att titta på hur investeringslandskapet förändrades under 2020, eller sagt annars, „hur har olika tillgångsslag och typer av investerare gick i termer av den totala tillväxten under ett år som dominerades av effekterna av den globala pandemin och politiska svar på den? “

Som JPM uttrycker det har „alternativa“ valutor „som guld och Bitcoin Evolution varit de främsta mottagarna av pandemin i relativa termer som har ökat sina tillgångar (för investeringsändamål) med 27% respektive 227%.“

Som Panigirtozglou skriver i sin årliga återblick har den mest slående ökningen 2020 varit den totala utestående skulden som redan under första halvåret hade ökat med cirka 14 dollar, och banken beräknar nu en total skuldtillväxt för 2020 på 21 dollar, vilket återspeglar fortsatt stark särskilt emission av obligationer. Av denna summa svarar ökningen av obligationer för cirka 13 $ USD, vilket återspeglar en betydande ökning av de offentliga underskotten, eftersom de försökte jämna ut effekterna på inkomsterna samt rekordutgivningen av företagsobligationer eftersom företag försökte öka sina kontantbuffertar för att klara chocken på kontanter flöden. Resten är en kombination av banklån, kortare löptid som räkningar, EM-lokalskuld och annan icke-omsättbar skuld.

Det är ett sätt att uttrycka det – ett annat är att för att bevara fiatsystemet var centralbankerna tvungna att skriva ut så mycket fiat, de har devalverat tillgångar med 40% på bara ett halvt år (se „Regeringen har tryckt 40 cent för varje Dollar som fanns i mars „).

Så att gå tillbaka till den ursprungliga punkten, nämligen hur olika tillgångsklasser har presterat, här står man inför ett val: titta bara på konventionella tillgångar vid analys av tillgångsavkastning 2020, där följande bild dyker upp …

… eller inkludera bitcoin som har varit den bäst presterande tillgången med stor marginal, inte bara 2020 utan det senaste decenniet.

Men det som är helt anmärkningsvärt är hur liten förändringen i marknadsvärdet för bitcoin har varit för att generera en så stor avkastning: som det fantastiska diagrammet nedan visar, i en värld som har sett värdet av totala obligationer öka med 13,1 biljoner dollar och aktier ökade med 11 biljoner dollar, bitcoins fantastiska körning ägde rum då börsvärdet för bitcoin ökade med knappt 0,3 biljoner dollar. Detta räckte för att pressa kryptovalutans pris till 24 000 dollar (till och med guldets mycket mer dämpade avkastning 2020 var tack vare en mycket större ökning av guldets marknadsvärde på ungefär 0,5 biljoner dollar).

Hur är detta möjligt? Enkelt: medan globala finansiella tillgångar har ett börsvärde på strax under 300 biljoner dollar, och det finns cirka 42 biljoner dollar i kontanter som slösar runt, är värdet på marken på 12 biljoner dollar ungefär 27 gånger större än börsvärdet för bitcoin idag, vilket vid hela tiden är det bara 443 miljarder dollar.

Kort sagt, om värdet på bitcoin skulle nå paritet med guld, skulle priset på en bitcoin behöva öka till $ 650 000 från det nuvarande priset på $ 24 000.

Naturligtvis kommer den inte dit imorgon, men i den nuvarande takt för institutionell adoption kan det mycket väl komma dit snarare än senare. Anledningen till det, som Panigirtzoglou skriver, är att det nu bara finns för mycket institutionellt „momentum“ för att „tillåta varje position som avvecklas av momentumhandlare att skapa en varaktig negativ prisdynamik.“

Exempel: för en vecka sedan rapporterade vi att MassMutual livförsäkringsbolag hade investerat 100 miljoner dollar i bitcoin för sin allmänna investeringsfond, representerade ytterligare en milstolpe i bitcoin-antagandet, vilket tyder på – som vi ofta har skrivit de senaste månaderna – att institutionella investerares antagande av bitcoin sprider över från familjekontor / HNWI till mer traditionella investerare med riktiga pengar som försäkringsbolag och pensionsfonder.

Det MassMutual-tillkännagivandet följdes denna vecka av en våg av spekulativa bitcoinköp, vilket enligt JPMorgan sannolikt återspeglar en förnyad impuls från spekulativa investerare till front-run institutionella investerare med riktiga pengar. Faktum är att bitcoin-futures, det föredragna fordonet för spekulativa investerare, såg nya rekordhöga volymer på torsdagen den här veckan …

… som i kombination med en kraftig ökning av öppet intresse …

… pekar på intensiv uppbyggnad av futurespositioner. Faktum är att diagrammet ovan visar att det öppna intresset för CME-bitcoin-futures har ökat med häpnadsväckande 45% sedan förra fredagen, mer än att vända den tidigare nedgången den 25 november och göra ett nytt rekordhögt värde på 1,4 miljarder dollar.

Less than a week after the launch of ETH 2.0, more than one million ETH has been staked.

These ETHs cannot be used for other purposes or traded until the next phase of ETH 2.0 begins.

The equivalent of over $ 600 million in ETH is currently blocked for staking

ETH 2.0’s main Beacon Chain network launched on December 1. Interest in it is objectively growing, since the total number of ETH staked on the network has exceeded one million.

Just a few weeks ago, some users were concerned that the necessary number of ETH would not reach its required threshold on time, which would have delayed the launch scheduled for December 1.

As the number of ETHs in staking largely exceeds the threshold necessary for the initial launch of the network, it seems that these fears were unfounded. Only a few days after the launch of the network, the number of ETHs has already almost doubled the initial genesis threshold.

There is now over a million ETH (or over $ 600million) in the eth2 deposit agreement

What does this mean for Ethereum?

More ethers will be “staked” and less will be left for until the launch of the next phase of ETH 2.0.

Depending on when the next step of ETH 2.0 is successfully completed, it could be years before these ETHs are available again, which could dry up some of the assets on the sellers side.

ETH Ethereum Dump Mining

Knowing that over a million ETHs were staked on the new network in less than a week, we can expect that number to increase over time as more and more users and organizations will decide to get involved.

This percentage of ETH currently represents less than one percent of the total supply in circulation.

Proof of stake (PoS)

Ethereum 2.0 is a project Vitalik Buterin and the entire Ethereum development team have been working on for years. This is a new version that revolves around a change in the way transactions are verified.

Previously, Ethereum relied on a Proof-of-Work (PoW) transaction verification mechanism, which meant that transaction validation operators, or miners, had to provide electricity and computing power to validate transactions.

The Bitcoin price has fallen by 2 percent within an hour and traders did not expect it. 3 reasons for the decline.

Bitcoin ( BTC ) price fell 2 percent in less than an hour on November 2. Traders were surprised by this. The Anon System market opened with a new gap, making $ 13,100 an interesting area for sellers.

Three technical reasons contributed to the abrupt decline in Bitcoin’s price. CME Gap, Key Resistance, and Monthly Moving Averages (MAs).

There are now four CME Bitcoin futures gaps

The CME bitcoin futures market is closed on weekends and public holidays. That means that if BTC rises or falls sharply these days, there will be a gap between CME and cryptocurrency exchanges.

While there is no comprehensive theory as to why traders fill CME futures gaps , historically most of the CME bitcoin gaps have been filled.

Bitcoin has seen a strong rally since October . Over the weekend, the BTC volume tends to decrease and the market becomes less active. However, in the past few months, BTC has grown steadily without any decline in volume.

As a result, this resulted in four CME gaps in a row. Every weekly candle in the past month created a new CME gap, which is rare for Bitcoin. This means that even on the weekends, BTC moved so fast that new consecutive gaps appeared.

The gaps are at $ 13,100, $ 12,970, $ 11,505, and $ 11,100. These areas could be of interest to sellers. The range between $ 12,970 and $ 13,100 is an important area in terms of moving averages.

The next short-term monthly moving average for Bitcoin is below $ 12,500

On the Bitcoin monthly chart, the next short-term moving average is the 5-day moving average at $ 12,203. Throughout history, even in bull phases, at least one short-term moving average has been reached on the monthly chart before a rally resumed.

Bitcoin has rallied rapidly since early October, rising more than 25 percent from $ 11,775 to $ 13,500. The pace of the rise meant that BTC was unable to establish clear support levels on the longer time frames.

For the past two months, Bitcoin has repeated the rally pattern, followed by a brief period of consolidation. This provided clear levels of support and resistance on the daily chart and made the rally sustainable compared to previous ones.

A former Chinese minister does not yet see his country at the forefront of block-chain technology.

Wu Zhongze, China’s former Vice Minister of Science and Technology and a renowned expert on digitisation, believes that block chain technology is still in its infancy.

The former IT Minister made the relevant statements in an interview with The Paper, stressing in this context that there is currently no significant difference between China and other economic powers such as the US and Europe in terms of block chain development.

However, Wu stressed that China has already made significant progress in a number of areas that are important for the development of crypto bank chain technology, including hardware manufacturing, security, investment and financing. In this respect, he added:

„The innovative development of block-chain technology and its application is increasing at a rapid pace, which is causing the industry to grow rapidly. We are convinced that this sector will provide economic growth in the future“.

According to the former minister, the „rapid growth“ of the Chinese block chain infrastructure should also open up new ways to establish other technologies such as 5G, artificial intelligence, Big Data and the Internet of Things (IoT) in the economy and everyday life.

A recent study by the Securities Daily had shown why many listed companies from China are now investing millions in research and development for blockchain technology.

The study surveyed 23 companies that have been working on blockchain technology since 2016. The surveys show that on average the companies spend almost 20% of their annual sales on this technology.