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ETH has hit a new high, with its market capitalization now rivaling some of the largest companies on Wall Street.

The cryptocurrency market is currently outperforming traditional investments once again.

This has led to a new generation of institutional investors focused entirely on cryptocurrencies.

ETH is now bigger than some of Wall Street’s biggest players, including Wells Fargo and Morgan Stanley, as well as payments giant American Express.

Ethereum, the giant

The market capitalization of Ethereum (ETH) reached $ 200 billion for the first time in its history yesterday.

The gigantic valuation comes after the industry’s second cryptocurrency climbed to a new all-time high of $ 1,752.05, according to CoinGecko data.

This makes Ethereum (For Ethereum buying guide ), a decentralized ecosystem without a central authority or strategy more valuable than some of the biggest companies on Wall Street in terms of market capitalization.

For example, banking giant Wells Fargo has a market capitalization of $ 134.5 billion based on the latest data. Competitor Morgan Stanley is not far behind at $ 103.4 billion.

Payment giant American Express is valued at $ 93.5 billion, just below the twelve-zero mark.

Market capitalization measures the total value of all tokens on a platform (or a company’s shares) that exist at the current market price.

Crypto takes on Wall Street

It goes without saying that the cryptocurrency market comes into its own. After recently surpassing the $ 1 trillion mark, several projects are reporting new all-time highs every day.

On Saturday, Binance Coin (BNB) rose over 25% to hit an all-time high of $ 75.50. As a result, BNB became the seventh largest cryptocurrency by market capitalization, ahead of the “legacy cryptocurrency” Litecoin (LTC).

BNB’s market capitalization is currently $ 10.5 billion. Additionally, the total market capitalization of the entire market is now over $ 1.23 trillion.

Valuation isn’t the only way cryptocurrencies are conquering Wall Street. For example, a group of users on the Reddit online forum last month used the internet forum to support the stock of video game retailer GameStop (GME).

The resulting rally resulted in many Wall Street firms that had bet against GME licking their wounds as the stock’s value skyrocketed and shorts had to be liquidated.

Bitcoin käy läpi suurta volatiliteettia sen jälkeen, kun yksi Yhdysvaltojen merkittävimmistä yritysmagnaateista on julkisesti tukenut sitä.

• Bitcoin näki hintansa nousevan 19% kahden tunnin sisällä ja noussut korkeimpaan hintaan 38360 dollaria.
• Ostopaineen piikki näyttää liittyvän Elon Muskiin, joka julkisesti ilmoitti tukevansa soittokellon kryptovaluutta.
• Vaikka useat tekniset indikaattorit ovat kääntyneet nousuun, on yksi, joka viittaa siihen, että BTC istuu yliostetulla alueella.

Markkinaosapuolet näyttävät tulleen irrationaaliseen FOMO-tilaan sen jälkeen, kun Tesla ja SpaceX: n toimitusjohtaja Elon Musk ehdottivat, että hän tukee nyt Bitcoinia.

Bitcoin nousee kohtalaisen tärkeän hyväksynnän jälkeen

Musk twiitti, että „jälkikäteen se oli väistämätöntä“, kun hän muutti Twitter-bioaan sisältämään yhden sanan: Bitcoin.

Muskin huomautusten jälkeen BTC: n takana oleva ostopaine nousi taivaalle, mikä johti 19 prosentin nousuun. Bitcoin Pro meni kaupankäynnistä alhaisimmalla $ 32,300: lla ja nousi korkeimmalle $ 38360: lle kahden tunnin kuluessa.

Nouseva impulssi oli riittävän merkittävä työntämään tätä kryptovaluutta laskeutuvan kolmion hypotenuusin läpi, missä se oli ollut viimeisten kolmen viikon aikana.

Itse asiassa Bitcoin kehitti tätä teknistä mallia 8. tammikuuta lähtien, kun sen hinta teki sarjan alhaisempia korkeuksia, kun taas 30 000 dollarin tukitaso esti sitä laskemasta edelleen.

Nyt kun Bitcoin on viipaloinut 34 000 dollarin vastusesteen, mahdollisuudet uudelle 15 prosentin nousulle 43 500 dollariin ovat kasvaneet dramaattisesti. Tämä kohde määritetään mittaamalla kolmion laajimman alueen välinen etäisyys ja lisäämällä se puhkeamiskohtaan.

Parabolinen pysäytys ja peruutus eli “SAR” lisää uskottavuutta optimistisiin näkymiin.

Tämä suuntausta seuraava indikaattori viittaa siihen, että Bitcoinin vakauttamisjakso päättyi. Kun pysäytys- ja peruutuspisteet siirtyivät BTC: n hinnan alapuolelle, yleinen trendi muuttui nousuun 4 tunnin kaaviossa.

Liukuva keskiarvon konvergenssihajonta eli MACD kävi myös läpi kultaisen ristin 12 neljän tunnin eksponentiaalisen liikkuvan keskiarvon ja 26 neljän tunnin eksponentiaalisen liikkuvan keskiarvon välillä, mikä on positiivinen signaali.

Samaan aikaan SuperTrend-indikaattori välähti „pitkän“ signaalin, kun Bitcoin mursi 34 000 dollarin vastuksen.

Nämä tekniset indeksit vahvistavat laskevan kolmion ennustetta, jonka mukaan Bitcoin on perustettu toiselle jalalle ylöspäin.

Varoitusmerkki tulee esiin

Optimistisista näkymistä huolimatta Tom Demark (TD) -sarjaindikaattori arvioi, että Bitcoin käy kauppaa yliostetulla alueella. Tämä tekninen indeksi esitti myyntisignaalin vihreän yhdeksän kynttilänjalan muodossa BTC: n 4 tunnin kaaviossa.

Laskeva muodostuma viittaa siihen, että lippulaiva-kryptovaluutta käy läpi yhden tai neljän 4 tunnin kynttilänjalat korjauksen ennen nousutrendin jatkumista.

On syytä huomata, että TD-asennus on ollut uskomattoman tarkka ennakoiden paikallisia huippuja Bitcoinin trendissä. Viimeisten kahden viikon aikana kehittyneet kaksi viimeistä myyntisignaalia vahvistettiin, mikä johti merkittäviin vetäytymisiin.

Siksi optimistiset näkymät on otettava suolajyvästä huolimatta FOMO-tasosta kryptovaluuttamarkkinoilla.

Niin kauan kuin 34 000 dollarin tukitaso jatkuu, nouseva teesi vallitsee. Mutta jos Bitcoin viipaloi tämän kriittisen tukiseuran läpi, jyrkempi lasku voisi toteutua ja työntää sen markkina-arvon kohti 31 500 dollarin tasoa tai jopa 26 000 dollaria.

Bitcoin has become too expensive for many to buy after spiking above $ 37,500 this Thursday. But the cryptocurrency still offers attractive buying opportunities with a lower risk profile.

TradingShot’s investment advisors created a fractal-based outlook on Bitcoin’s previous parabolic movement in 2017 and the price corrections that occurred during that period. They discovered buying patterns around certain technical support levels – formed by a group of moving average waves – that sent prices to new highs after each retest.

What’s up with Bitcoin fractals?

In retrospect, during its bull run in 2017, Crypto Profit corrected four times by 30 percent, three times by 20 percent, twice by 18 percent and once by 40 percent. Meanwhile, the cryptocurrency resumed its uptrend three times after testing its 100-day moving average and twice after hitting the 50-day moving average.

The TradingSpot strategists compared the 2017 bull run to the current one as the volatility and price returns are exponential. Just like in 2017, Bitcoin ( How to buy Bitcoins with instant transfer instructions) experienced an increase of up to 880 percent in value and market capitalization between March 2020 and the current month.

And most recently, the cryptocurrency resumed its upward trend after falling 20 percent from its then record high of $ 34,800.

On January 7th, the BTC / USD exchange rate hit a new record high of $ 37,823.

„It should [should] come as no surprise that [traders] bought the 20 percent pullback,“ a note from TradingShot said. „Based on the previous cycle, the odds were good.“

„Buy the dip“

According to the analysis, traders could prepare to buy Bitcoin – even if its price corrects by 30 percent from current levels. Such a move would land the cryptocurrency at the 50-DMA. In the meantime, a 40 percent drop in BTC / USD would have the 100-DMA tested.

„This is just to show [that] if you are a buyer, don’t panic and have the composure to buy them [price collapses],“ the note said.

Institutional investors have only just increased their exposure to the Bitcoin market. Data from CryptoQuant, a blockchain analytics platform, shows that mainstream investors bought the cryptocurrency for up to $ 30,000 on Jan. 2 – suggesting a long-term upward trend.

El popular comerciante y criptoanalista Luke Martin está analizando una predicción masiva de precios de Bitcoin de un veterano gestor de fondos de Wall Street.

Scott Minerd, el jefe global de inversiones del gigante de la gestión de activos Guggenheim Investments, de 270.000 millones de dólares, dice que BTC debería estar valorada en 400.000 dólares.

„Si usas la capitalización del mercado de oro como objetivo y lo usas como modelo de valoración relativa, si Bitcoin Profit se come la capitalización del mercado de oro durante los próximos 100 años, entonces creo que el objetivo de precio de 400.000 dólares que Scott Minerd dio -y me imagino que muchos otros futuros Bitcoiners lo darán- tiene sentido, especialmente cuando tienes en cuenta que los activos de almacenamiento de valor son mucho más grandes que el oro.

Minerd dice que el análisis de su empresa se basa en „la escasez y la valoración relativa como cosas como el oro como porcentaje del PIB“.

En un nuevo video, Martin señala el límite de suministro total de BTC de 21 millones de monedas y las opciones de política gubernamental, que dice que ambos dan crédito a esa teoría.

Recuerda, la gente almacena valor en coleccionables, almacenan valor en bellas artes, almacenan valor en coches caros. Billonarios, millonarios, tienen Ferraris, tienen Porsches, y a veces los compran para llevarlos a todas partes, pero muchas veces los compran como depósito de valor. Compran artículos escasos porque retienen bien su valor en un mundo donde tenemos un suministro infinito de dinero fiduciario. Seguimos imprimiendo dinero. Los bienes escasos continúan subiendo a medida que el suministro de dinero sube.“

Martin dice que los actores institucionales que entran en el espacio de Bitcoin, incluyendo grandes firmas como MicroStrategy, fondos de cobertura y compañías de seguros, no están comprando Bitcoin por un comercio del 5-10%. Están comprando porque apuestan a que Bitcoin se comerá la capitalización del mercado del oro.

„Un modelo realmente simple de usar la capitalización de mercado de oro y lo que es la oferta de Bitcoin, dividiendo la capitalización de mercado por la oferta, te da los 400.000 dólares – no es del todo irrazonable. Podría llevar mucho tiempo llegar allí, e incluso diría que es una buena posibilidad en mi vida. Así que no salgas ahí fuera y YOLO largo 100x, no vayas a decirle a tus amigos que Luke dijo que tiene que llegar a los $400.000, la próxima semana o el próximo mes, recuerda que esto es algo a largo plazo.“

Melon Protocol will launch version 2, renamed Enzyme Finance.

It promises new features, speed and cost-saving features.

The MLN token has skyrocketed in 2020, beating the majority of its DeFi comrades

Melon, the decentralized on-chain asset management protocol, is in the process of renaming itself on a theme closer to DeFi , called Enzyme Finance. Its MLN token was one of the top performers in 2020.

In short, Melon Pro allows individuals or organizations to manage their wealth and that of third parties on a decentralized asset management platform. It was founded in 2015 according to his blog post, and was named Crypto Trader from the Greek word meaning future, due to his ambitions at the time.

The company behind the fund management platform is now renamed Enzyme Finance. This name was chosen as a metaphor for how enzymes catalyze reactions while being made of related components.

They’re associated with speed, processing, simplicity, and fundamentals, whatever we want Enzyme to be. A fundamental infrastructure layer for the asset management industry.

The rebranding process from Melon to Enzyme Finance has started!

This, along with the upcoming v2 launch, marks a new chapter in Rocket on-chain asset management.

La version 2 d’Enzyme

It will be a gradual rebranding over the next four to six weeks, the statement added. The platform is currently being redesigned and will be relaunched with Enzyme v2. Enzyme Finance will be powered by existing MLN tokens but there will be no migration of these despite a change of logo.

The launch of version 2 is scheduled for the end of this year but no concrete date has yet been announced. It will bring a number of feature updates and a rework to the tokenomics. Some of the expected features include a much larger token base that users will be able to interact with, interaction with lending protocols and yield culture, and the ability to interact with pools of automated market makers ( automated market maker or AMM).

It will also be possible to convert funds into other currencies and stablecoin , speed up transactions and lower fees, and pool cash for transactions.

I KORTHET

• Ex-Goldman Sachs verkställande direktör och engångsekonomiska rådgivare i Vita huset, Gary Cohn, baserar Bitcoin.
• Bitcoin saknar integritet och transparens, säger Cohn.
• Cohn hävdar att Bitcoin kan sluta misslyckas.

Gary Cohn, tidigare chef för National Economic Council till president Trump är fortfarande inte ett fan av Bitcoin (BTC). Den engångsansvariga Goldman Sachs-chefen säger att BTC slutligen kommer att misslyckas på grund av dess integritetsbrister.

Under tiden fortsätter den största krypton genom marknadsvärde att trotsa kritikernas förväntningar. BTC ökar för närvarande med över 166% från år till år (YTD) trots att prisnedgången var 50% tillbaka i mitten av mars.

Cohn dubblar ner på negativ Bitcoin-hållning

På tal med Bloomberg Television beskrev Cohn Bitcoin som saknar en del av den grundläggande integriteten hos en riktig marknad och tillade:

”En del av ett systems integritet är att veta vem som äger det och att veta vem som har det och att veta varför det överförs. Bitcoin-systemet idag har ingen öppenhet för det. Så det är många människor som ifrågasätter, varför skulle du behöva ett system som inte har ett granskningsspår. ”

Således förutspår Cohn att trots det värdeförslag som tillskrivs Bitcoin kan den populära kryptovalutan sluta misslyckas. Cohns argument att BTC inte har ett revisionsspår flyger inför etablerade krypto-kriminaltekniska verktyg som för närvarande används av regeringar för att spåra överföringar.

Som tidigare rapporterats av Crypto Bank avananimerar regeringar alltmer kryptotransaktioner som en del av brottbekämpningsinsatser.

Kontroller som KYC-verifieringar (KYC) och FATF-resregeln arbetar för att spåra realtidsinnehav av kryptovaluta i realtid.

Faktum är att kryptoutrymmet var i uppståndelse nyligen efter rykten om möjliga regler riktade mot plånböcker som är värd för egen verksamhet.

Cohn är inte främmande för anti-Bitcoin-känslor. Tillbaka 2018 förklarade den tidigare Goldman Sachs-presidenten att Bitcoin inte kommer att bli den globala kryptovalutan.

Vid den tidpunkten bekräftade Cohn det då populära ”blockchain inte Bitcoin” -avståndet som var vanligt bland vanliga finanskommentatorer.

Cohn är dock inte emot alla former av digitala valutor. Den tidigare Trumps ekonomiska rådgivaren skrev i en yttrande från Financial Times tillbaka i april och hävdade att centralbankens digitala valutor (CBDC) skulle kunna förbättra medborgarnas tillgång till finansiella tjänster.

Flera vanliga finansiella siffror visar redan CBDC som bättre alternativ till privatutgivna kryptovalutor. De flesta argument i den här riktningen förespråkar vanligtvis ståndpunkten att privata digitala valutor kommer att stava undergång för den nuvarande globala finansiella statusen.

The accumulation of ChainLink (LINK) tokens is continuing and this trend was again brought to the attention of Santiment analysts at the end of this week. They found that the total number of addresses with a thousand or more LINK coins has increased by 445 over the past month.

The experts noted that the continued accumulation of cryptographic Bitcoin Trader currency usually precedes a more confident increase in its value.

On Sunday 6 December, the LINK price rose to $13.19. Althcoin capitalisation now exceeds $5.206 billion. The coin is ranked seventh in CoinMarketCap’s ranking of the largest digital assets.

Given the current course of ChainLink, coins worth over $13,000 are controlled by each of the whales.

Capital investment in this crypt currency has been increasing over the past few months. Back in October, the Santiment team reported that a record number of LINK tokens (over 648 million) had been taken over by major players in the autumn.

This strategy of „whales“ indicates that they are confident in the gigantic potential of the crypt currency. However, the ChainLink team also has opponents.

Zeus Capital recently prepared a lawsuit against the developers of altokoin demanding that the project be declared fraudulent. The plaintiff’s representatives have attracted investors who lost their money after investing in LINK.

Bitcoin may have an increase in volatility when the new weekly and monthly candles open, especially after a major short-term correction.

The price of Bitcoin (BTC) faces two crucial events on December 1st, right after the weekly and monthly candle closings. The next weekly candle closing is particularly remarkable because it can mark the first weekly red candle since the end of September.

The monthly candle will be significant as it would mark the highest closing in Bitcoin history if the price remains above $13,791.
Bitcoin’s realized volatility. Source: Cointelegraph Markets, Digital Assets Data

There are three main factors that can cause Bitcoin’s volatility to peak at weekly and monthly candle closing. The factors are the overall uncertainty surrounding the BTC price, record activity in futures and open contracts trading, and the overly extended weekly chart.

Meanwhile, traders have been cautious, predicting a downturn in the short term, despite a price recovery of around $16,500 on November 28.

There are two main trends that may be driving BTC’s recovery. First, Guggenheim Investments, a global asset management company with over $233 billion in assets under management, has secured the right to invest $500 million in the Grayscale Bitcoin Trust.

In the US, where there is no publicly traded fund in Bitcoin (ETF), the Grayscale Bitcoin Trust is the first entry point for most institutional investors. Deribit informed that the news triggered significant buying activity in the options market. The company said:

„News from Behemoth Guggenheim Macro Opps fund seeking to allocate US$ 500 million, promulgated over the weekend, caught those in short positions + TA shrinkage allocators by surprise when BTC jumped 2,000. The quiet options market was ignited.

Second, high net worth investors and whales may be buying the reduction in expectation of Monday. In recent weeks, as quantitative traders pointed out, most of the buyers demand came from the USA.

Some speculate that demand is coming from time-weighted average price (TWAP) algorithms, commonly used by institutions and funds. As TWAP algorithms would be activated again on Monday, this could increase buyer demand for BTC.
Traders are generally uncertain about the direction of BTC’s price

There is a high degree of uncertainty in the cryptomino market at the moment, as traders are divided on where the price will go next.

Some are confident that BTC has probably reached its lowest level over the weekend due to market trends. For example, Avi Felman, chief trader at BlockTower, said that at Coinbase the recent downturn has moved BTC into stronger hands.

Settlements during a bullish market can be overwhelming, especially as traders often look for reasons to sell. As such, overbuyers are caught in the local tops, leading to cascading settlements. But BTC often tends to rebound when traders expect more decline and market sentiment reaches a low point. Felman explained:

„Good, extended sales from Coinbase at the local low for the first time suggests to me that retail is growing slowly. Reasonably obvious transfer from weak hands to strong hands in the last 48 hours. Retreats in the bullish markets always offer a silver platter of reasons to sell. ”

In addition, several technical indicators signal that Bitcoin is neither overbought nor oversold in lower periods of time.

On the daily chart, for example, the BTC Relative Strength Index (RSI) is around 55. An asset is considered oversold in the RSI indicator if it falls below 35. Therefore, Bitcoin is in a strange position because longer-term charts, like the weekly chart, remain overbought.

This has led traders to predict that a possible correction to the $13,000 to $14,000 support range could occur soon. This high level of uncertainty in the market may cause increased volatility with the opening of new weekly and monthly candles.

Open contracts on futures exchanges would likely increase again, increasing the likelihood of large price movements.

Whales Becoming More Active in BTC Futures

During Bitcoin’s rise in recent weeks, trading activity at major BTC futures exchanges has increased continuously. Despite the recent drop, the amount of open contracts on the main futures trading platforms remains above $1 billion. When

Die Kette ist aufgrund von Meinungsverschiedenheiten über die „Bergmannsteuer“ in BCHN und BCH ABC aufgeteilt.

Fast alle Knoten bevorzugen BCHN und BCH ABC hat wenig bis gar keine Leistung angezogen

Eine Bitcoin Cash-Gabel hat die Blockchain aufgrund von Meinungsverschiedenheiten über das vorgeschlagene Upgrade erneut in zwei neue Blockchains aufgeteilt.

Das von der Entwicklergruppe BCH ABC von Bitcoin Cash (BCH) vorgeschlagene Upgrade wurde von einer anderen Gruppe namens Bitcoin Cash Node (BCHN) abgelehnt. Da einige Knoten mit der harten Gabel durchgingen, während andere dies nicht taten, wurde die Blockchain in zwei separate Ketten aufgeteilt.

Die jüngste Bitcoin Cash-Gabelung war eine Aktion, die aufgrund der vorherigen harten Gabelung des Netzwerks stattfand. Bitcoin Cash-Entwickler, bekannt als BCH ABC, schlugen ein Update der Blockchain vor, das eine Bergmannsteuer enthielt. Die Bergleute würden 8 Prozent ihres abgebauten BCH bezahlen, um es für die Protokollentwicklung an BCH ABC zu verteilen.

Die Community hatte diesbezüglich jedoch eine gespaltene Reaktion, da eine andere Gruppe gegen die Entscheidung war. Die als Bitcoin Cash Node (BCHN) bekannte Gruppe hat diese Bergmannsteuer aus ihrem Quellcode entfernt.

Wenn Knoten in einem Netzwerk ein Update (eine Verzweigung) implementieren, während andere Knoten dies nicht tun, wird die Blockchain in zwei Teile geteilt. Im Gegensatz zu einer weichen Gabel, die Transaktionen zwischen aktualisierten und nicht aktualisierten Knoten ermöglicht, werden diese durch die harte Gabel vollständig abgespalten. Daher sind Entwickler in Bezug auf Hardgabeln eher konservativ.

Was kommt als nächstes?

Von Anfang an zeigten die meisten Knoten Unterstützung für das BCHN-Netzwerk. Tatsächlich deuten Daten darauf hin, dass 80 Prozent aller Knoten Unterstützung für BCHN signalisierten, während nur 0,3 Prozent BCH ABC unterstützten, während 19 Prozent keine Unterstützung für irgendeine Seite signalisierten.

Statistiken zeigen, dass BCH ABC in den letzten tausend im Netzwerk abgebauten Blöcken 0 Blöcke berücksichtigt hat. Darüber hinaus macht die Bitcoin Cash-Gabel 0 Prozent aller in den letzten sieben Tagen abgebauten Blöcke aus. Wenn die Gabel nicht genügend Hash-Power anzieht, um Blöcke zu produzieren und die Blockchain fortzusetzen, würde BCH ABC praktisch verschwinden.

Die meisten großen Börsen, einschließlich Kraken , werden BCHN unterstützen, das durch den Ticker „BCH“ dargestellt wird.