cryptocurrencies

Bitcoin doing very little after holding 300 pips above my next target of 34000. Ripple trying a break above 7270/7370 for a buy signal targeting 7740/7800. Ethereum tests resistance at 2790/2810. Shorts need stops above 2870. A break higher is a buy signal. Update daily at 07:00 GMT Today's Analysis Bitcoin beat first resistance at 36300/400 to test second resistance at 39400/450 but struggling here. Bulls need a break above 40000 to target the 500 day moving average at 42000/200. Unlikely but if we continue higher look for strong resistance at 44100/400. Holding second resistance at 39400/450 targets 38000/37800. If we continue lower look for 36400/36000 & probably as far as 34400/34000. Do not be surprised to see a test of very strong support at 100 week moving average at 33000/800 (today's value). Ripple unexpectedly beat strong resistance at 7270/7370 for a buy signal targeting 7740/7800. If we continue higher look for quite strong resistance at 8000/8100. Shorts need stops above 8200 for a buy signal. Minor support at 7300/7280 but below here can target targets 7090/70, perhaps as far as support at 6890/6870. Ethereum runs as far as resistance at 2790/2810. A high for the weekend possible here but shorts need stops above 2870. A break higher is a buy signal targeting 2900/2920 & probably resistance at 3025/55. Strong support from 2660 down to 2560 should now hold the downside. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

Bitcoin price is behaving very well this stormy Monday morning as global markets are under pressure from sanctions against Russia. BTC sees elevated interest as people in Russia dive into Bitcoin as an alternative method of payment. Expect this interest to add to more popularity for Bitcoin as long as the current sanctions are imposed on Russia and its ruble. Bitcoin (BTC) is holding it together all-in-all quite well as price action dipped lower over the weekend but is back up for the day as Bitcoin sees an uptick in demand at the start of the week. That demand comes from Russian people using Bitcoin as an alternative method of payment as the local currency has devalued considerably, and several sanctions are making it impossible to use FX alternatives. With this renewed interest, expect to see BTC price action rise towards $39,780, holding a 10% profit potential. Bitcoin regains the needed attention it deserves Over the weekend, price action got rejected to the downside and saw a 7% devaluation. Yet with the introduction of several sanctions onRussia, significant demand is being seen for Bitcoin as Russians seek alternative payment methods as their own currency has devalued sharply by 20% on Monday morning, and foreign currencies are forbidden as a form of payment. This is the perfect background for Bitcoin and other major cryptocurrencies to get renewed positive attention. Several Russians will be opening a crypto wallet and buying into Bitcoin price action, which could propel price action towards $39,780 in the first phase.once Bitcoin becomes the standard form of payment in Russia, and as the Relative Strength Index still has plenty of room to go, expect to see a further move to the upside, hitting $41,756 in the near term. BTC/USD daily chart Depending on the current peace talks underway this afternoon between Russia and Ukraine, expect to see a possible dip back towards $38,073 or even $36,709 as the supportive baseline in these past few days. Should the situation deteriorate again and see renewed attacks – and even the use of Russian nuclear weapons – expect to see a sharp nosedive move towards $32,650, nearing the distribution zone from a few months ago. With that move, the Relative Strength Index will have entered the oversold area, however, suggesting an increased likelihood of an eventual recovery.

Bitcoin made a powerful leap up after assurances from the owners of the largest crypto exchanges, Binance, Kraken, KuCoin and AAX, that they do not intend to block the funds of individual Russians. However, the head of Kraken warned that they would abide by the regulator's decision if it comes.Overnight, the United States noted that they would stop attempts to use cryptocurrencies to circumvent personal sanctions. So, retail clients of large crypto exchanges are not yet afraid for their funds. This probably explains the latest growth momentum.Technically, Bitcoin broke through the upper limit of the four-month descending channel at the close of the month. Moderate optimism of Asian and US indices is also on the side of buyers.February was confirmed to be a growing month for bitcoin. However, March is not so favourable. Over the past 11 years, BTC ended this month with growth only in two cases.Disabling Russia from SWIFT will have a positive impact on the cryptocurrency market, says Jiang Zhuer, CEO of the BTC.TOP pool. In his opinion, Russia can use various methods to circumvent restrictions, including digital assets, to make payments. Bank of America does not see the prerequisites for a large-scale crypto winter, as evidenced by the dynamics of the movement of cryptocurrencies between private and exchange wallets. The level of acceptance of crypto assets by users is also growing, as well as the activity of developers.Bitcoin jumped 10.8% on Monday to $41,600, the highest gain in five months. On Tuesday morning, the momentum continued with a jump to $44,000 at the start of the day. At the time of writing, prices have stabilized around $43,200. Ethereum added 7.9%, while other top-ten altcoins rose from 6.3% (XRP) to 15.3 % (Terra).The total capitalization of the crypto market, according to CoinMarketCap, grew by 11% over the day, to $1.9 trillion. The Bitcoin dominance index has risen to 43% due to the smaller strengthening of altcoins.The crypto-currency fear and greed index soared 31 points to 51 on the day, moving out of fear into neutral territory.Although Bitcoin showed negative dynamics for most of the month, the shock growth at the end of it allowed BTC to end February with strengthening (+8.6%) after three months of decline.

In the middle of Tuesday, the first cryptocurrency was approaching $45K, but then fell slightly during the American session along with stock indices. BTC showed resilience despite the decline in other risky assets and the growth of the dollar. World markets were declining following the banking sector, which felt the severity of Russia's partial disconnection from Swift (by 80%). However, this situation does little harm to the demand for cryptocurrencies. On the Binance exchange, the volume of trading in ruble pairs with BTC and USDT has increased significantly. Crypto funds recorded $36 million in net asset inflows during the week, up from $239 million over the past five weeks, according to CoinShares. Institutions are also looking for alternative vehicles amid mounting military tensions and government capital controls. According to Glassnode, crypto whales have been aggressively buying bitcoin over the past few weeks, which could signal a local bottom has been reached. The last time such a situation was observed was in May last year, when, after a two-month consolidation, the market resumed growth at the end of July. Technically, Bitcoin started March with growth. Thus, BTC has risen in price by 1.9% over the day to $44,100. Ethereum has grown by 2.5%, approaching $3,000. Other leading altcoins from the top ten add with maximum momentum such as Solana (+6.7%) and Terra (+5.2%) The total capitalization of the crypto market, according to CoinMarketCap, grew by 2% over the day, to $1.94 trillion. The Bitcoin Dominance Index is hovering around 43%. The Cryptocurrency Fear and Greed Index added another point to 52 moving into neutral territory.

Bitcoin slowed down ahead of strong mid-February resistance at $45,000, which then turned the move down. The first cryptocurrency in recent days has not paid too much attention to stock indices, which rose on Wednesday. The technical picture continues to point to a break in the downtrend, although to confirm the reversal, the rate must first fix above 45K. It must be said that bitcoin trading volumes have increased markedly in the last week due to the events in Ukraine. On February 28th, immediately after the Bank of Russia asset freeze, BTC jumped by 11%, showing the highest growth in many months. Due to new sanctions, the Russians withdrew depreciating ruble assets and invested them in cryptocurrencies. In the EU, it was previously discussed that since Bitcoin and Ethereum use the Proof-of-Work consensus mechanism, which consumes a lot of electricity and has a negative impact on the environment, it's time to ban the mining of these cryptocurrencies. However, it was decided to abandon this idea following the new version of the bill on digital assets. Technically, Bitcoin slowed down on Wednesday after two days of active strengthening, and on Thursday morning, it rolled back to 43.1K, losing 2.2% in the last 24 hours. Ethereum is down 3.3% 0.6% in the same period. Leading altcoins from the top ten lose from 1% (Terra, XRP) to more than 5% (Avalanche). The total capitalization of the crypto market, according to CoinMarketCap, decreased by 2.5% to $1.09 trillion. The Bitcoin Dominance Index is hovering around 43.1%. The Cryptocurrency Fear and Greed Index fell 13 points to 29, once again ending up in the fear zone.

The momentum of pressure on the crypto market was due to the decline in stock indices, as the Fed gave signals of tightening policy. Technical factors also contributed to the negative dynamics - the inability to overcome the strong resistance of the 100-day moving average and mid-February highs around $45,000. Real Vision CEO Raul Pal believes that the dynamics of bitcoin against the backdrop of foreign political tensions in the world signals the onset of a bullish trend. According to Nigel Green, CEO of deVere Group, one of the world's leading independent financial institutions, BTC could reach $50,000 by the end of March. Billionaire investor Bill Miller said that the Russian authorities can use BTC as a reserve currency. Earlier, the US authorities called on crypto exchanges to prevent Russia from circumventing sanctions. Meanwhile, the Bank of Russia did not begin to soften its attitude towards bitcoin against the backdrop of sanctions and still advocates a complete ban on the circulation and mining of cryptocurrencies. Bitcoin is developing a correction, losing 4.5% over the past day to $41.4K. Methodical pressure on the first cryptocurrency was formed on Wednesday evening after a short break above $45K. Ethereum fell by 6.2%, other leading altcoins from the top ten sank from 2.8% (BNB) to 7.8% (Solana). The total capitalization of the crypto market, according to CoinMarketCap, decreased by 3.7% over the day, to $1.83 trillion. The Bitcoin Dominance Index sank 0.2 points to 42.9%. The Bitcoin Fear and Greed Index dropped another 6 points to 33 - fear.

Bitcoin price sees its gains being pared back a bit after more talks on regulatory crackdown out of U.S. on cryptocurrencies. Ethereum price slips further away from $3,018 after Powell's speech before Congress talked about regulating cryptocurrencies. XRP price sideways, awaiting a catalyst to go either way. Cryptocurrencies are facing some headwinds – whilst they have enjoyed more inflows of late as both Ukrainian and Russian inhabitants reverted to cryptocurrencies as an alternative means of payment to avoid sanctions – there are signs this loophole will soon be closed. During Biden's State of the Union speech the president asked for a crackdown on cryptocurrencies to close the escape route for wealthy Russians. FED chair Powell added fuel to the fire by saying that he would welcome further regulation to monitor and control cryptocurrencies better. The result is that these comments have triggered some nervousness in all significant cryptocurrency pairs. Bitcoin bulls are rejected at $44,088 with the risk of sliding back to $42,000 Bitcoin (BTC) price saw a full paring back of the losses accumulated during the Russian invasion as cryptocurrencies saw renewed cash inflow from both Russians and Ukrainians looking for alternative means of payment after both central banks had put in cash withdrawal restrictions. As Bitcoin looked to be poised for another leg higher, both Biden and Powell created some headwinds by urging for more regulatory crackdown, as it is emerging that cryptocurrencies are undermining sanctions on Russia. With this renewed negative attention towards cryptocurrencies, investors are being quick to book profits and, in the process, are pushing BTC price action to the downside. BTC price saw an initial rejection at $45,261, a level which coincides with the low of December 17, and as such triggered some profit-taking. As profit-taking continues bulls are faced with another rejection at $44,088, a level that goes back to August 06. Below that, the search for support finds nothing until $41,756 or the psychological $42,000 level near the baseline of a bearish triangle we had marked up earlier. BTC/USD daily chart As more talks are underway, a breakthrough could still happen at any moment. If that happened, it would mean that bears would fail in their attempt to squeeze out bulls and get stopped out themselves once the price pierced through $44,088 to the upside. That move would even accelerate after shooting through $45,261, with a quick rally to $48,760 and, from there, positioning Bitcoin to pop back above $50,000 next week. Ethereum bulls are defending the 55-day SMA, but support is wearing thin Ethereum (ETH) price takes another step back today after more negative connotations from FED Chair Powell in the house hearing before Congress. Next to committing to more rate hikes, Powell also drilled down on cryptocurrencies and called them a risk that needs to be prioritised with regulations. That puts greater regulation for cryptocurrencies at the top of the congressional agenda – after Ukraine, and inland inflation had pushed that bullet point further down the list. For the moment, ETH sees bulls defending the 55-day Simple Moving Average (SMA) at $2,880. Although it looks good to hold for now, in the past, the 55-day SMA has not built a solid reputation of being well respected. So expect a possible breach once the US session kicks in and Powell makes more negative comments on cryptocurrencies in his second day of congressional hearings, which will likely push ETH price below the 55-day SMA at $2,880, through the monthly pivot at $2,835, and down to a possible endpoint at around $2,695. ETH/USD daily chart As the situation in Russia further deteriorates with more sanctions on the shelf, residents will be forced even more to flee into cryptocurrencies to avoid any repercussions from the financial sanctions imposed. That would mean broad flux inflow throughout the coming days, with ETH price action popping above $3,018, and in the process breaking the double top of rejection from Tuesday and Wednesday. To the upside, that could see $3,391 for a test as the inflow will outweigh any bearish attempts from short sellers. XRP price testing monthly pivot to the downside as dollar strength weighs Ripple's (XRP) price is under pressure to the downside as bears are putting in their effort to break the new monthly pivot at $0.76. Bears are getting help from the other side of the asset pair by the dollar’s strength weighing on price action for a second consecutive day. With Ukraine's current tension and possible retaliation from Russia against the West, safe havens are broadly bid with the Greenback on the front foot and thus outpacing XRP’s valuation, resulting in a move lower. Expect XRP price to see an accelerated move once the monthly pivot at $0.76 gives way. With not much in the way, the road is open to drop to $0.62, with $0.70 and $0.68 as possible breaking off points where bears could see some profit-taking and attempts by bulls to halt the downturn. But the trifecta of the negative comments from both Biden and Powell joined with the safe-haven bid is too big of a force to withstand, making $0.62 almost inevitable in the coming hours or trading days. XRP/USD daily chart The only event that could turn this around is if a catalyst were to remove the safe-haven bid. That could come with a resolution of the current tension in Ukraine or surrender of the Russian army of some sort. In such an outcome, the safe-haven bid would evaporate, followed by a massive risk-on flow which would see XRP pop above $0.78 and rally to $0.88, taking out $0.84 along the way to the upside.

Just days after Ukraine began accepting crypto donations, the government added Dogecoin to its list of accepted cryptocurrencies today.

France’s Finance Minister, Bruno le Maire, said the European Union is making sure cryptocurrencies don't let Russia evade sanctions.

Japan’s financial services regulator and crypto industry body are assessing how Russia might evade economic sanctions using cryptocurrencies.

The past week has been bleak for the leading cryptocurrencies, as both Bitcoin and Ethereum struggle to fend off crypto’s ongoing bear market. 

The Prime Minister of Estonia, Kaja Kallas, has warned about the role of cryptocurrencies in allowing Russian sanctions evasion.

Bitcoin price action sees bulls storming out of the gate, with BTC bouncing off a $38,073 historical pivot. BTC price set to tick $39,780 intraday in a range-trading profile. Expect to see more upside, should BTC continue its rally from positive signals out of Ukraine, and punch through the 55-day SMA. Bitcoin price action is back on the front foot today as global markets surf positive news of a ceasefire and fresh round of talks between Russia and Ukraine. The lift in positive sentiment spilled over into cryptocurrencies and saw positive prints across the board. Bitcoin was no different, with the price up 2.30% for the day at the time of writing and a possible tick of over 4% profit going into the U.S. session this evening. Bitcoin sees bulls taking over in ceasefire setback for bears Bitcoin price action is whipsawing between $45,000 to the upside and $34,000 to the downside, in a bandwidth that has been drawn since January. With global markets remaining stressed and on edge, today is set to give a sigh of relief and blow off some steam out of the pressure cooker that is Ukraine. Expect to see further decompression going into the U.S. session as this positive news gets picked up and translated into another round of bullish uplift for the cryptocurrency. BTC price is set to tick $39,780 and will try to break the high of last weekend. But bulls will immediately face another level of resistance, with the 55-day Simple Moving Average (SMA) around $40,250, and the $40,000 level in the way. Add to that the monthly pivot at $41,000 – so within a $1,000 – and there are three bearish elements capable of cutting short any attempts for further upside if no additional relief catalysts are added to the current headlines. BTC/USD daily chart Over the weekend, a ceasefire was already tried but failed after just a few minutes. Should that be the case again, expect this to break the fragile trust that has been in place now since recent talks yesterday. Expect BTC price action to be pushed back to $38,073 a drop of around 4%.

The last bitcoin growth impulse confirmed the break of the downtrend: the chart confidently rebounded from the former upper limit of the downtrend trading range. However, as before in March, a consolidation above the previous highs in the area of $45K is required to confirm a break in the trend. As Ethereum dropped to a 10-day low, traders started buying put options in anticipation of the second cryptocurrency falling to $2,200. On March 14, the European Parliament will approve the final version of the bill on the regulation of cryptocurrencies without wording that could be interpreted as a potential ban on bitcoin mining. US President Biden will also sign an executive order to regulate cryptocurrencies this week. The focus may be on tracking transactions and preventing circumvention of US sanctions. The cost of bitcoin in rubles has updated its historical highs, exceeding 5 million rubles. Bitcoin was not so expensive even in April and November 2021, when its price in dollars exceeded $60,000. In general, the benchmark cryptocurrency has jumped by 8.7% over the past day, to 41,450. Ethereum has added 7.9% over the same time, while other leading altcoins from the top ten show growth from 3.3% (XRP) to 21% (Terra). According to CoinMarketCap, the total capitalization of the crypto market grew by 6.9% over the day, to $1.83 trillion. The dominance index jumped to 43%. The Cryptocurrency Fear and Greed Index rose 1 point to 22, remaining in "extreme fear" territory.Bitcoin was bought on the decline to $38K, and the move to $40K on Wednesday morning caused a surge in buying, probably associated with the closing of part of the short positions, quickly bringing the rate to current values.

The leading cryptocurrencies are back in the green, with Bitcoin nearly hitting $42,000 overnight as Ethereum eyed the $2,800 mark. 

European stock markets started the day trading higher following a mixed Asian session which saw Nikkei drop 0.3% while S&P/ASX 200 gained 1% and as indices from China plunged and finished 1.7-5.0% lower. Meanwhile, the United States announced a total ban on Russian oil, natural gas and coal with the United Kingdom announcing that it will phase out Russian oil in the coming months. In response, Putin signed a decree banning exports of certain commodities from Russia and investors await the announcement within days to determine the potential impact on markets. Furthemore, a growing number of companies have announced their withdrawal from or suspension of services in Russia with McDonald's, Starbucks and Coca-Cola being the latest to make such announcements and isolating the country economically even more. While this rebound may encourage investors and increase confidence in the market, it is essential to keep in mind that any major news related to the ongoing conflict could have wide repercussions and may shake the extremely fragile market sentiment. Crypto markets rebound as sentiment improves ahead of Biden executive orderCryptocurrencies appeared to show signs of strength in the Asian session which have continued at the start of the European trading session with Bitcoin gaining over 8% and trading around $42,000, the highest level in a week. The crypto market cap is up over 6% today and has returned to around $1.85 Trillion after several days of uncertainty which followed the surge in demand seen at the beginning of the Russia-Ukraine conflict that was sparked by significant interest from people of that region as they attempted to seek refuge from the collapsing economy and currency. As has been the case in the past, Bitcoin and Ethereum appear to be dragging the rest of the market with the majority of alt-coins also adding to their gains despite generally lagging slightly behind the majors. Furthermore, US president Biden is expected to make an announcement today regarding an executive order on cryptocurrencies that may pave the way for a broader adoption of digital assets and boost investor confidence in the relatively new asset class. While details of this announcement remain unclear, any sign of regulation or mainstream adoption could prove to be a catalyst for a major move across the crypto markets thanks to the influx of new money of both retail and institutional investors.

The White House has announced that President Biden will today sign an executive order on cryptocurrencies.

Political events in Russia and the U.S. could be behind the swift rise in privacy-preserving cryptocurrencies.

Bitcoin soared 8.8% on Wednesday, ending the day around $41.9K. Apparently, the benchmark cryptocurrency experienced clear problems with growth above $42K. On Thursday morning we see an equally strong reversal move back to $39K. As a result, Bitcoin lost 5.6% in 24hours Ethereum - 4.8%, other leading altcoins from the top ten are declining from 1% (Terra) to 7.2% (Avalanche).According to CoinMarketCap, the total capitalization of the crypto market decreased by 4.5% over the day, to $1.75 trillion. The Bitcoin Dominance Index dropped from 43.0% to 42.7%.The Cryptocurrency Fear and Greed Index added 6 points to 28, climbing into “fear” territory.Bitcoin's growth momentum was also supported by the positive dynamics of stock indices, however, on Thursday morning, the positive pull on them remains in contrast to the sell-off of cryptocurrencies. Bitcoin jumped when a statement by Janet Yellen appeared on the website of the US Department of the Treasury, which does not contain strict measures to control the field of cryptocurrencies. The statement was posted, probably prematurely, and then quickly removed from the site.Later on Wednesday, US President Joe Biden signed the first executive order to regulate cryptocurrencies in the country. The document contained only the most general provisions, such as consumer protection, financial stability, technology development and the illegal use of cryptocurrencies. More specific measures in the field of control over the digital asset market will be developed by individual federal departments. In our opinion, the States are making it clear that they will not allow cryptocurrencies to become a shadow business and be used to circumvent sanctions, taxes, money laundering and similar things. Such control is more difficult to implement than with centrally issued fiat money.    

Bitcoin fell 5.4% on Thursday, ending the day near $39.6K, and further to $38.9K on Friday morning, down 1% in 24 hours. Ethereum has remained almost unchanged over the same time (-0.3%), while other leading altcoins from the first are changing in different directions, from a 1.6% increase (XRP) to a 1% decrease (BNB). According to CoinMarketCap, the total capitalization of the crypto market sank by 0.2% over the day to $1.74 trillion. The bitcoin dominance index continues to decline, falling from 42.7% yesterday to 42.4% due to the greater stability of altcoins. The crypto-currency index of fear and greed lost 6 points in a day to 22, again entering the territory of "extreme fear". Bitcoin fully returned the growth of Wednesday, which was caused by the adoption in the United States of the first document on the regulation of cryptocurrencies. The decline in stock indices and the growth of the dollar also did not favour the purchases of the first cryptocurrency, which often moves in unison with the general demand for risks. The first decree on cryptocurrencies signed the day before can become the basis for future US legislation on regulating relations in the crypto sphere. Against this background, the shares of companies associated with cryptocurrencies have noticeably risen in price. One of the largest investment banks, Goldman Sachs, is going to expand its offering for trading digital assets. The bank is exploring the possibility of launching bilateral crypto-currency options. World-famous investor and writer Robert Kiyosaki has warned that the world economy is now on the verge of hyperinflation and advised to "stay away" from the stock market. Against the backdrop of a severe crisis in the financial system of the Russian Federation and restrictions imposed on the circulation of the dollar and the euro, the demand of the population for cryptocurrency has increased sharply. Now it is primarily used for the transfer of capital abroad or for parking in "hard" currency. Analysts believe that regulators are unlikely to be able to effectively prevent such transactions. But the state is helped by crypto-exchanges, which block the Russians on their own initiative. There remain the possibilities of p2p platforms, that is, transfers between individuals. However, there are significant risks of fraud associated with such transactions.

Bitcoin has decreased over the past week by 0.9%, ending it at around $38,700. Yesterday, the decline continued, bringing the price to 38500. Ethereum lost 0.7% in 24 hours and added 1.5% in a week. Other leading altcoins from the top ten show mixed dynamics over 24 hours: from a decline of 3.8% (XRP) to a rise of 3.3% (Terra). According to CoinMarketCap, the total capitalization of the crypto market decreased by 14% in 24 hours, to $1.72 trillion. The Bitcoin Dominance Index fell 0.1% to 42.4%. The FxPro Analyst Team emphasized that the Cryptocurrency fear and greed index added 2 points in a day to 23 and remains in "extreme fear" condition. In the first half of the past week, the first cryptocurrency tried to strengthen, testing five-day highs near $42,600. Later, BTC lost all gains, again being thrown back to support near $38,000. Pressure on all risky assets continues to be exerted due to the situation in Ukraine. One of the Apple founders, Steve Wozniak, said that bitcoin would reach $100,000, which will be facilitated by the general interest in cryptocurrency. At the same time, he has a negative attitude towards altcoins and non-fungible tokens (NFTs). The US Securities and Exchange Commission (SEC) has again rejected applications from the NYSE Arca and Cboe BZX Exchanges to create spot bitcoin ETFs due to non-compliance with US exchange law. El Salvador has announced that it will postpone the issuance of bonds in bitcoins in connection with the events in Eastern Europe. The received funds were planned to be used for the construction of the "Bitcoin City". Visiting the UAE, Russians massively sell cryptocurrency for billions of dollars. Earlier, FBI Director Christopher Wray emphasized that the United States has vast experience in tracking cryptocurrencies, and Russia will not be able to use them to circumvent sanctions.  

Bitcoin slightly strengthened over the past day to 38,800 (+0.5%). Ethereum lost 0.8%, while other leading altcoins from the top ten range showed an amplitude from -2.4% (Avalanche) to +3.7% (Terra). According to CoinMarketCap, the total capitalization of the crypto market grew by 0.4% in 24 hours, to $1.73 trillion. The Bitcoin Dominance Index rose 0.3 points to 42.7%. The fear and greed index is at 21 (-2 points) now and is remaining in a state of "extreme fear". The FxPro Analyst Team emphasized that Bitcoin updated its weekly lows around $37,500 today. Subsequently, the first cryptocurrency bounced up, briefly rising above $39,300 in the middle of the day on the news from Elon Musk. The CEO of Tesla said he had no plans to sell his cryptocurrencies. Musk tweeted that he owns not only Bitcoin but also ETH and DOGE. However, BTC did not show a strong reaction to this statement: during the American session, it levelled a slight increase against the backdrop of a fall in US stock indices. Dogecoin reacted to Musk's comment much more violently, jumping more than 7% at the time. According to CoinShares, institutional investors withdrew about $110 million from crypto funds last week, despite seeing the largest capital inflow in three months the week earlier. The European Union abandoned plans to introduce a virtual ban on mining based on the Proof-of-Work (PoW) mechanism. At the same time, Russian State Duma deputy Alexander Yakubovsky said that Russia has a real opportunity to create its own crypto exchanges.

Shiba Inu price action sees price pressure against the technical triangle base at $0.00002140. SHIB price action set to test the low of its existence. As global markets threaten to drop into a recession, investors will flee cryptocurrencies in the coming days. Shiba Inu (SHIB) price action is on the cusp of breaking out of a bearish triangle that has dictated price action over the past two months. With a break to the downside, room opens up for an almost 70% drop towards the lowest levels in its existence as investors flee cryptocurrencies overall, following more and more reports that global markets are going into recession. With this dire projection in mind, expect to see further bleeding of SHIB price action as it falls back to $0.00000655. Shiba Inu price action bleeds as investors flee from recession fears Shiba Inu price action is seeing a massive squeeze building from bears trying to break out of the bearish triangle as more and more headwinds combine each day. The situation in Ukraine and new lockdowns in China are spelling supply chain issues again, and banks are starting to use the word recession more often in their reports about the future. This weighs on investor sentiment as cryptocurrencies are put on the backfoot and witness a daily outflow of cash from investors pulling the plug on their positions. SHIB price looks to break below $0.00002140 any moment now, with considerable momentum behind it from the death cross with the 55-day Simple Moving Average (SMA) below the 200-day SMA. Next to that, the Relative Strength Index is nowhere near being oversold, opening the door for short sellers to pick up some more gains in the downtrend. Expect to see a sharp drop in the coming days towards $0.00001000, breaking the monthly S1 and S2 support levels along the way, only to find a floor near $0.00000607, which is near the lowest level in SHIB’s. SHIB/USD daily chart Although red flags are popping up all over financial markets, investors could still be working on a turnaround in an attempt to look beyond the current crisis at hand. If central banks can steer economies out of this dire situation, expect investors to start buying into cryptocurrencies to take advantage of lucrative discounts. This could spill into a turnaround and see price action first pop back above $0.00002500, breaking the bearish 55-day SMA and hitting $0.00002787, above the 28.6% Fibonacci level.

Bitcoin price action jumped 7% but fell back sharply in European trading.BTC price action looks to be set to jump above $41,756.61 once the US session kicks in.Expect to see a further continuation of this price jump throughout the week as long as positive signals come from the ongoing talks in Russia.Bitcoin (BTC) price action is performing a countercyclical move this morning as Asian bulls storm out of the gate on positive-speak from the Chinese government. From now on into the European session, gains are still present but have faded slightly. Expect to see a subsequent round of wins coming in during the US session and going further into this week as long as positive signals are communicated independently from both sides in Ukraine and Russia peace talks.Bitcoin price sees bulls swimming against the tideBitcoin price action seems to have awakened many investors who fell asleep staring at their television screen for the past three weeks on the Russian invasion of Ukraine. As they pulled out their money and went long cash, cryptocurrencies dried up a bit and were left to the mercy of bears. Today a few bears will be licking their wounds as bulls have gone in for a push higher as more positive signals come from both Ukraine and Russia on talks, and markets are getting used to the war headlines as everything looks to be priced in. BTC price action technically got rejected to the upside at $41,756.61, the base of a bearish triangle that formed a few weeks ago. Expect this fade in early trading to provide a window of opportunity for European and American bulls to join the rally and ramp up the price above $41,756.61, where a close above will be key this evening. If trading can start on Thursday with an opening price above $41,756.61, expect to see another leg higher by tomorrow evening, near $44,088.73 and even $45,261.84 by Friday.BTC/USD daily chartThe risk could be that the current fade, after the rejection at $41,756.61, could topple into a deeper loss if bears push the price below the opening price. This would trigger panic amongst bulls that got in and will have them remember the same scenario that happened exactly one week ago on Wednesday with a false breakout and a full paring back, and even eking out further losses the day after. Expect bulls to exit instantly once BTC price action prints red numbers, and this to spiral into a setback for BTC price towards $38,703.32 or even $36,709.19.

The Indian Central Bank came out this morning with firm rejection against adopting cryptocurrencies in the country. Dogecoin price action undergoes firm rejection against a double technical barrier. DOGE set to tank by 8% as bears see opportunity fit to pair back gains from Wednesday yet again. Dogecoin (DOGE) price action saw bulls being hit by ice-cold water this morning as two headlines made the sky drop on their heads. These were the Kremlin coming out saying that talks are nowhere near as positive as markets are frontrunning, and the Indian Central Bank (RBI) giving a firm rejection to the adoption of cryptocurrencies. The RBI branded cryptocurrencies as a tool that will wreck the currency system, monetary authority and government's ability to control the economy. This is a significant blow and setback for cryptocurrencies that saw bulls coming up yesterday for a catch of fresh air but are now again submerged underwater with negative prints today. Dogecoin price gains short-lived Dogecoin price action is not currently in a sweet spot as in just 5 minutes, two separate comments unrelated to each other trashed bulls’ game plan to target $0.1357 next week. Instead, DOGE price action fell back to its opening price and took a step back as bulls reassessed the situation – due to some unforeseen tail risks that caused headwinds overpowering the tailwinds that emerged the day before. Expect to possibly see DOGE price action tumble again to the downside, in a similar scenario to last week. DOGE price action got a firm rejection from negative headlines at $0.1197 with the green ascending trend line and that intermediary top-line proving too big for bulls to take on. Instead, price action collapsed back to the entry-level and looked heavy and dangling, as if poised to drop at any moment to the downside. A possible downside target is set at $0.1137 and $0.1100 with the last one making a triple bottom – although there is also the risk of a break even further to the downside if more tail-risk materialises. DOGE/USD daily chart Once the US session takes over, it could well be that investors look beyond these very short-term headlines, considering them as partial hiccups before moving on. That would mean a pickup in buying interest which could lead to a punch through $0.1197 to the upside. This would open the door towards $0.1242 intraday and possibly again on track for $0.1357.

Galaxy Digital CEO Mike Novogratz, known for his bullish predictions, has unveiled a new one that sees BTC hit $500,000 in 2025. Should we believe in that? No sharp movements According to the Santiment team, Bitcoin whale activity has fallen to its lowest level in a year in recent days. Therefore, one should not expect sharp movements in the market soon. In confirmation of this, Bitcoin is down only 0.4% over the past 24 hours to $40.7K. Ethereum has added 1.5% over the same time, other leading altcoins from the top ten are changing from -2.0% (Terra) to 5% (Avalanche). According to CoinMarketCap, the total capitalization of the crypto market grew by 0.3% over the day, to $1.83 trillion. The Bitcoin dominance index decreased by 0.4% to 42.4% due to the better dynamics of altcoins. The crypto-currency index of fear and greed lost 2 points to 25 in a day and again found itself in a state of "extreme fear". In searching of the bottom Despite the outstripping dynamics of altcoins, a sequence of lower and lower local highs continues to form in Bitcoin. In early February, the upside lost momentum as it moved above $45.5K. In the first days of March, the bears already dominated on the way to $45K, on the 8th already near $42.5K, and in the last two days they are trying to form a downward reversal at $41.5K. At the same time, the bulls manage to form a strong support near $38K. The FxPro Analyst Team emphasized that in terms of technical analysis, BTCUSD remains close to its 50-day moving average, clearly indicating the absence of any trend now. However, a consolidation in a descending triangle is usually a respite before the next decline. We will see the implementation of this scenario if BTCUSD fixes under $38K. An alternative scenario and a new upside momentum should be expected if the bulls manage to push the price above the previous highs of $42.5K, or close the day/week above $42K. News to consider Galaxy Digital CEO Mike Novogratz, known for his bullish predictions, has unveiled a new one that sees BTC hit $500,000 in 2025. The State Russian Duma urged to speed up the launch of the cryptoruble in order to better bypass Western sanctions. Meanwhile, the Central Bank of the Russian Federation recommended that banks strengthen control over the operations of clients related to cryptocurrencies.

Shiba Inu price action falls back to Monday’s opening levels, making it a week of hardly any gains or losses. SHIB price action looks a bit bearish as another broader support test is set to kick in later today. SHIB price is still set to tank to $0.00001500 as bearish momentum continues. Shiba Inu (SHIB) price action retook a step back and pared almost all the gains from Wednesday’s rally. Investors are swinging back into bearish mode as tail risks emerge and are put at the top of the agenda going into the weekend. Conflicting rumours and contrary remarks from what is going on in Ukraine are keeping investors puzzled and refraining them from continuing to open risk-on bets. Shiba Inu price sees puzzled investors turning their back on crypto Shiba Inu price action is set to erase its gains from earlier this week. SHIB price rose after the news that peace talks were making good progress. Yet this all looked to be thrown in the bin overnight as several headlines came out about Russiabeing not at all optimistic, and the US even putting the threat of nuclear weapons back on the table, as it sees Russia possibly trying to squeeze out a peace agreement that meets all of its demands but none of Ukraine’s. Shiba Ina and other cryptocurrencies saw bulls repeating the same mistake as last week when they got squeezed out by the weekend. SHIB price action is again dropping back to the baseline of a longer term triangle with the green trend line as its base. Multiple tests up until now have been held, but with the meeting between Biden and Xi this evening, it looks clear that the US wants to get a clear answer from China as to whether it is with the US against Russia, or with Russia – offering no middle ground. The tail risk from this meeting going into the weekend could trigger a break at $0.00002111 and see a drop towards $0.00001708, the low of January, which could well overshoot towards $0.00001500. SHIB/USD daily chart Of course, a truce or ceasefire would help turn the current sentiment around. If that were to happen expect a big pop in price action, capped at a max 13% gain, to where the red descending trend line and side of the triangle intersect with the 55-day Simple Moving Average (SMA) . Yet at the moment this seems an impossible hurdle to break through seeing the weakness of bulls currently at hand.

Starting at a low of US$1,780 on January 28th, gold went up rapidly US$290 within less than six weeks, reaching a short-term top at US$2,070. Since that high on March 8th, however, gold prices fell back even faster. In total, gold plunged a whooping US$175 to a low of US$1,895 in the aftermath of last week’s FOMC meeting. A quick bounce took prices back to around US$1,950, but the weekly close at around US$1,920 came in lower.This volatile roller coaster ride is truly not for the faint of heart. Nevertheless, gold has done well this year, and, despite a looming multi-months correction, it might now be in a setup from which another attack towards US$2,000 could start in the short-term.Gold in US-Dollar, weekly chart as of March 19th, 2022.Gold in US-Dollar, weekly chart as of March 19th, 2022.On the weekly chart, gold prices have been rushing higher with great momentum. For five consecutive weeks, the bulls were able to bend the upper Bollinger band (US$1,963) upwards. However, the final green candle closed far outside the Bollinger bands and looks like a weekly reversal. Consequently, if gold has now dipped into a multi-month correction, a retracement back to the neckline of the broken triangle respectively the inverse head & shoulder pattern in the range of US$1,820 to US$1,850 would be quite typical and to be expected. In this range, the classic 61.8% retracement of the entire wave up (from the low at US$1,678 on August 9th, 2021, to the most recent blow off top at US$2,070) sits at US$1,827.79. The weekly stochastic oscillator has not yet rolled over, but weekly momentum is overbought and vulnerable.In total, the weekly chart shows a big reversal and therefore no longer supports the bullish case. However, it could still take some more time before a potential correction gains momentum.  Gold in US-Dollar, daily chart as of March 19th, 2022.Gold in US-Dollar, daily chart as of March 19th, 2022.While the weekly chart may just be at the beginning of a multi-month correction, the overbought setup on the daily chart has already been largely cleared up by the recent steep pullback. Despite Friday’s rather weak closing, the odds are not bad that gold might very soon be turning up again. However, gold bulls need to take out the pivot resistance around US$1,960 to unlock higher price targets in the context of a recovery. The potential Fibonacci retracements are waiting at US$1,962, US$2,003 and US$2,028. Hence, gold could bounce back to approx. US$2,000, which is a round number and therefore a psychological resistance.On the other hand, if gold fails to move back above Thursday’s high at US$1,950, weakness will increase immediately and significantly. In that case, bulls can only hope that the quickly rising lower Bollinger Band (US$1,861) would catch and limit a deeper sell-off. But since the stochastic oscillator has reached its oversold zone, bears might have a hard time pushing gold significantly below US$1,900.Overall, the daily chart is slightly oversold, and gold might start a bounce soon. Conclusion: Potential recovery to approx. US$2,000After a strong rally and a steep pullback, the gold market is likely in the process of reordering. While the weekly timeframe points to a correction, the oversold daily chart points to an immediate bounce. Given these contradictory signals, investors and especially traders are well advised to exercise patience and caution in the coming days, weeks, and months. If gold has entered a corrective cycle, it could easily take until the early to mid-summer before a sustainable new up-trend might emerge.Alternative super bullish scenarioAlternatively, and this of course is still a possible scenario, the breakout from the large “cup and handle” pattern is just getting started. In this very bullish case, gold is in the process of breaking out above US$2,100 to finally complete the very large “cup and handle” pattern, which has been developing for 11 years! Obviously, the sky would then be the limit.To summarize, gold is getting really bullish back above US$2,030. On the other hand, below $US1,895 the bears would be in control. In between those two numbers, the odds favor a bounce towards US$1,960 and maybe USD$2,000.Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can also subscribe to our free newsletter.Disclosure: Midas Touch Consulting and members of our team are invested in Reyna Gold Corp. These statements are intended to disclose any conflict of interest. They should not be misconstrued as a recommendation to purchase any share. This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting.By Florian Grummes|March 19th, 2022|Tags: Gold, Gold Analysis, Gold bearish, Gold bullish, gold chartbook, Gold consolidation, gold fundamentals, Gold sideways, precious metals, Reyna Gold|0 Commentshttps://www.midastouch-consulting.com/gold-chartbook-19032022-potential-recovery-to-approx-us2000About the Author: Florian GrummesFlorian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 20 years of experience in financial markets. He is specialized in precious metals, cryptocurrencies and technical analysis. He is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram Channel and a Crypto Signal Service. Florian is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the markets. Since April 2019 he is chief editor of the cashkurs-gold newsletter focusing on gold and silver mining stocks. Besides all that, Florian is a music producer and composer. Since more than 25 years he has been professionally creating, writing & producing more than 300 songs. He is also running his own record label Cryon Music & Art Productions. His artist name is Florzinho.

Bitcoin gained 6.3% over the past week, finishing near $41.3K. The price retreated slightly to $41.0K on Monday morning, losing 2.1% over the last 24 hours. Ethereum has corrected by 2% over the same period but still added 11.6% to the price seven days ago. Other leading altcoins in the top 10 have gained between 7.3% (Polkadot) and 24.8% (Avalanche) over the past week. Total cryptocurrency market capitalisation, according to CoinMarketCap, rose 7.5% for the week to $1.86 trillion. The Bitcoin Dominance Index fell 0.6 points to 41.9% due to outperforming altcoins. The Cryptocurrency Fear and Greed Index rose 7 points for the week to 30 and moved into "fear" from "extreme fear". Last week turned out to be a good one for the crypto market, with bitcoin rising the most in six weeks. Last Wednesday, the US Federal Reserve meeting weakened the dollar and boosted stocks, which benefited all risky assets, including cryptocurrencies. Meanwhile, bitcoin has continued to trade in a sideways range of $38-45K for the second month, with a closer look marked by a sequence of declining local highs with bullish momentum fading near 42 in the last two weeks. The positive sentiment is supported by the 50-day moving average reversing upwards. BTCUSD broke it in a relatively strong move on March 16th, and it has been acting as local support ever since. The external environment in the financial markets remains mixed. Traders have tighter financial conditions due to higher rates and waning economic growth on one side of the scale. On the other side is the demand for purchasing power insurance for capital due to the highest inflation in two generations. Weighing these factors, Galaxy Digital head Mike Novogratz said bitcoin would continue to trade in a sideways range this year. He said BTC will resume growth and reach $500K by 2025 as inflation curbing measures are too weak. Piyush Gupta, chief executive of Singapore's largest bank, DBS, said cryptocurrencies could be an alternative to gold but would not be able to fit into the traditional financial system due to excessive volatility.

Bitcoin is trading above $43K on Thursday morning, gaining 2.5% over the past 24 hours. Moderate but steady optimism around bitcoin is the best breeding ground for altcoin buyers. Bitcoin is trading around the resistance For the last ten days, we have seen a systematic increase in prices, although with a very modest amplitude by the standards of the crypto market. Ethereum added 3.4%, other leading altcoins from the top ten are in the range from +1% (XRP) to +12% (Dogecoin). According to CoinMarketCap, the total capitalization of the crypto market grew by 2.8% over the past day, to $1.96 trillion. The Bitcoin Dominance Index lost another 0.2% to 41.7%. The crypto-currency index of fear and greed has grown by 9 points, to 40. This is still a fear zone, but already close to neutral territory. Bitcoin retreated from the resistance at $43K on Tuesday. However, on Thursday it is making attempts to gain a foothold above this mark again. The last rollback in this case could be nothing more than a tactical retreat of the bulls in order to develop growth with renewed vigor. Nevertheless, confidence in the formation of a strong bullish momentum will come only after BTCUSD fixes above 45 thousand, from where we saw reversals in February and early March. Moderate but steady optimism around bitcoin is the best breeding ground for altcoin buyers. It is clearly seen that their dynamics is now better than that of the first cryptocurrency. If this trend continues for a couple more days, the effect of a feedback loop may work, when the outstripping growth of altcoins will pull Bitcoin up. Market Cap may grow in 15 times Bank of America predicts that regulation of the cryptocurrency market will increase confidence and increase its capitalization by 15 times, up to $30 trillion. The former head of one of the divisions of Bank of America, David Woo, believes that bitcoin will face economic and geopolitical pressure after the launch of the state digital currency (CBDC) of the United States. China has already acted in a similar way, which has come closest to the introduction of the digital yuan. Thailand will ban the usage of cryptocurrencies as a means of payment from April 1. They declared that such payments have a negative impact on the financial system and reduce the effectiveness of the state's monetary policy.

Bitcoin price set to touch $45,000 by tomorrow if current tailwinds keep supporting price action. Ethereum price set to rally another 12%, with bulls targeting $3,500.00XRP price undergoes consolidation as the next profit level is $0.90.Bitcoin price, Ethereum and other cryptocurrencies are enjoying a calm week with tailwinds finally able to thrive without constant interruption from headlines about Ukraine or Russia. Markets are also starting to adjust to the situation, with no immediate or significant movements anymore triggered by headlines coming out. Expect to see more upside with several possible cryptocurrencies eking out the best week of the year thus far.Bitcoin price has a defined game plan with $44,088 as the target for today and $45,261 by the weekendBitcoin (BTC) price is on the front foot for a third consecutive day as the rally turns into a broader uptrend. The crucial thing will be to see where BTC price will close this week, as bears need to get weakened with several short squeezes and breakouts running stops from short-sellers. Despite being elevated, the Relative Strength Index (RSI) is still not near the 'overbought' level, providing enough incentive for bulls and investors to keep buying BTC price action.BTC price is set to hit $44,088.73 today, the level of the March 03 highs. If that is gained – and given the current tailwinds – markets will start to expect Bitcoin to eke out new highs for the month with still a week to go. This additional bullish element should help conclude a daily close above $44,088.73. A support test on that same level will trigger new inflows from investors and provide the needed juice to pump price action up to $45,261.84, topping $45,000.00.BTC/USD daily chartA tail risk comes from the big joint meeting today in Brussels, with Biden meeting NATO, the G7 and E.U. leaders. An embargo on gas is on the table and could roil markets if the E.U. decides to walk away from Russian gas supplies, opening up the possibility of further Russian retaliation in Ukraine. That would make global markets move back to risk-off mode, with Bitcoin price dropping back to support at $39,780.68, and intersecting with the green ascending trend line. Ethereum price targets $3,500 after bulls force a daily close above $3,018.55Ethereum (ETH) price is performing a 'classic long' trading plan today after bulls pushed a daily close above $3,018.55. With price action in ETH opening slightly above this level, this morning, the price has faded slightly back towards that same $3,018.55 level to find support and offer the opportunity for new bulls and investors to enter the market. Ethereum price will move back to the upside and continue its rally, which is currently looking more and more like an uptrend that could continue over a broader time frame.ETH price will therefore need to find support around $3,018.55 as the fade will need to be kept in check, as too large a fade could spook investors. Seeing as the current favourable tailwinds are quite broadly present in global markets, expect to see another uplift towards $3,200 and $3,391.52 depending on the number of new positive headlines acting as additional accelerators. With those moves, at least new highs for March will be printed and possibly for February, depending on how steep the rally can continue.ETH/USD daily chartThe risk for Ethereum price is that price action slips back below $3,018.55. That could open the door for bears to jump in again and run price action back to $2,835.83, which is the low of March 21 and the monthly pivot. An additional fail-safe system is the 55-day Simple Moving Average at $2,808.84 as an additional supportive factor to take into account.https://youtu.be/wgpCSH70SIQXRP price undergoes consolidation as the bullish breakout hits $0.90Ripple's (XRP) price has bears and bulls being pushed towards each other as the bodies of the candles from the past two sessions grow very thin. This points to bulls and bears fighting it out and neither yet having the upper hand. Bears are defending the area above $0.8390 from bulls running to $0.8791, and bulls are trying to defend their support at $0.7843. With lower highs and higher lows, the stage is set for a breakout that, seeing the current tailwinds, will probably favour bulls, and result in a quick move towards $0.8791.XRP price is thus set to print new highs for March. With the stock markets having their best performing week for this year, expect to see even more tailwinds spilling over to cryptocurrencies and bulls targeting $0.9110. At that level, bulls will run into the 200-day SMA which will possibly be the halting point of the current uptrend as investors will need to reassess the situation before they advance. Where global markets are at that point and how far off a peace treaty is between Russia and Ukraine will determine if bulls will advance towards $1.00 in XRP price.XRP/USD daily chartAlthough several statements suggest it is unlikely, should Putin be backed further into a corner, the use of nuclear weapons could cast a dark shadow on markets. Expect a massive drop in equities and cryptocurrencies with those headlines coming out, where XRP price will fall towards $0.7843 or even $0.7600. In the first case, the historic pivotal level will provide support and further down, the monthly pivot is set to intertwine with the 55-day SMA, which should be enough to catch any falling-knife action. https://youtu.be/ZWrKMd2CiL8

Bitcoin is trading above $44.1K on Friday, gaining 2.4% over the past day and 8.2% over the week. Increased inquiry for BTC Yesterday, the first cryptocurrency was in demand during the Asian and American sessions. The current values of BTC are consolidating in the area of 2-month extremes. In contrast to the previous test of these levels, this time, we see a smooth rise in the rate, indicating that the bulls still have some momentum. Also, over the past 24 hours, Ethereum has gained 2.4%, while other leading altcoins from the top ten have strengthened from 0.5% (XRP) to 7.4% (Solana). The exception is Terra, which is shedding 1.8%, correcting part of its gains in the first half of the week. According to CoinMarketCap, the total crypto market capitalization increased by 2.3% to $2 trillion. The Bitcoin Dominance Index rose 0.1 percentage points to 41.8%. The Fear and Greed Cryptocurrency Index added another 7 points to 47 and ended up in the neutral territory. Cardano leads the last week in terms of growth among top coins (+39%) as Coinbase added the possibility of staking cryptocurrency with a current estimated annual return of 3.75% per annum. Countries assess the risks of cryptos Credit Suisse reported that Bitcoin doesn't pose a threat to the banking sector as an alternative to fiat money and banking services. The CEO of BlackRock, one of the world's largest investment companies, noted that military actions in Ukraine and sanctions against Russia will increase the popularity of cryptocurrencies and accelerate their adoption. Despite the rally in global stocks over the past two weeks, financial conditions in the debt markets continue to deteriorate due to rising interest rates and inflation. Largely because of this, El Salvador has postponed the issuance of bitcoin bonds in anticipation of more favorable conditions. Since very active steps to raise key rates are expected in the next year and a half, and Bitcoin is far from the highs, it is unlikely that such bonds will be issued soon. The Bank of England intends to tighten supervision of cryptocurrencies due to the financial risks that their adoption carries. However, the Central Bank urged commercial banks to exercise maximum caution when dealing with these extremely volatile assets.

Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not?Do you already have your avatar? If not, maybe you should consider creating one, as the Metaverse is coming! What is the Metaverse? It is a digital, three-dimensional world where people are represented by avatars, a network of 3D virtual worlds focused on social connection, the next evolution of the internet, “extended reality,” and the latest buzzword in the marketplace since Facebook changed its name to Meta. If you still have no idea what I’m talking about, you can watch this or just Spielberg’s Ready Player One.The idea of personalities being uploaded online is an intriguing concept, isn’t it? In this vision, people meet with others, play, and simply hang out in a digital world. Imagine friends turning group chats on Messenger or WhatsApp into group meetups in the Metaverse of family gatherings in virtual homes. Ultimately, people will probably be doing pretty much everything there, except eating, sleeping, and using the restroom.Sounds scary? For people in their 30s and older who were fascinated by The Matrix, it does. However, this is really happening. The augmented reality technology market is expected to grow from $47 billion in 2019 to $1.5 trillion in 2030, mainly thanks to the development of the Metaverse. China’s virtual goods and services market is expected to be worth almost $250 billion this year and $370 billion in the next four years.In a sense, it had to happen as the next phase of the digital revolution. You see, we now experience much of life on the two-dimensional screens of our laptops and smartphones. The Metaverse moves us from a flat and boring 2D to a 3D virtual universe, where we can visualize and experience things with a more natural user interface. Let’s take shopping as an example. Instead of purchasing items on Amazon, customers could enter a virtual shop, see and touch all products in 3D, and buy whatever they wanted (actually, Walmart launched its own 3D shopping experience in 2018).OK, we get the idea, but why does Metaverse matter, putting aside sociological or philosophical issues related to transferring our minds into the digital world? Well, it might strongly affect every aspect of business and life, just as the internet did earlier. Here are a couple of examples. Famous brands, like Dolce & Gabbana, are designing clothes and jewelry for the digital world. Some artists are giving concerts in virtual reality. You could also visit some museums virtually, and instead of taking a business trip, you can digitally teleport to remote locations to meet with your co-workers’ avatars.Finally, what does the Metaverse imply for the gold market? Well, it’s difficult to grasp all the possible implications right now. However, the main threat is clear: as people immerse deeper and deeper into the digital world, gold could become obsolete for many users. Please note that cryptocurrencies and non-fungible tokens (NFTs) are and will continue to be widely used as payment methods in the Metaverse.However, there are some caveats here. First, the invention and spread of the internet didn’t sink gold. Actually, the internet enabled gold to be widely traded by investors all over the world. Just take a look at the chart below. Although gold was in a bear market in the 1990s and struggled during the dot-com bubble, it rallied after the bubble burst.Second, the digital world didn’t kill the analog reality. Despite digital streaming of music, vinyl record sales soared last year, reaching a record high in a few decades. The development of the Metaverse could trigger a similar backlash and a return to tangible goods like gold.Third, some segments of the Metaverse look like bubbles. Maybe I’m just too old, but why the heck would anybody spend hundreds of thousands, or even millions of dollars to buy items in the virtual world? These items include virtual real estates (CNBC says that sales of real estate in the metaverse topped $500 million last year and could double this year), digital pieces of art or even tweets (yup, the founder of Twitter sold the first tweet ever for just under $3 million)! It does not make any sense to me, as I can right-click and download a copy of the same digital files (like a PNG file of a grey pet rock) for which people pay thousands and millions of dollars.Of course, certain items could increase the utility of the game or virtual experience, but my bet is that at least some buyers simply speculate on prices, expecting that they will be able to resell these items to greater fools. When this digital gold rush ends – and given the Fed’s tightening cycle, it may happen in the not-so-distant future – real gold could laugh last.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.

Bitcoin rose 9.1% over the past week, ending it around $46,100. Ethereum added 9.5%, while other leading altcoins from the top ten rose in price from 3.2% (XRP) to 27.4% (Cardano). The exception was Terra (-0.4%). Bitcoin broke the resistance According to CoinGecko, the total capitalization of the crypto market increased by 9.9% in a week, to $2.14 trillion. The Bitcoin Dominance Index added 0.2% to 40.6%. The Cryptocurrency Fear and Greed Index rose 18 points in a week to 49 and moved from "fear" to neutral. Bitcoin rose for the second week in a row against the backdrop of strengthening stock indices. On Sunday, BTC broke through strong resistance around $45,000, which reversed its downward movement several times in February and early March. The technical picture favors further gains as Bitcoin climbed above the 100-day moving average (MA) for the first time since early December and heads towards the 200-day MA ($48,200). Cryptos found new drivers for the growth The FxPro analyst team mentioned a possible driver of the uptrend in BTC are rumors about the intentions of the non-profit organization Luna Foundation Guard (LFG) to invest in bitcoin. On March 27, it became known that LFG bought more than $1.1 billion worth of coins to ensure the stability of the Terra USD (UST) algorithmic stablecoin. The best dynamics among altcoins was demonstrated by Cardano against the backdrop of the announcement of ADA staking by Coinbase crypto exchange. Meanwhile, well-known crypto critic Peter Schiff again criticized the cryptocurrency, comparing it to a financial bubble and calling it stupid for people to save their savings from inflation by buying BTC. According to Schiff, cryptocurrencies have no real value and are backed by people's trust in the same way as fiat currency.

Proponents noted a 63.07% spike in the total transaction volume of cryptocurrencies across exchanges. Coinmarketcap data reveals a month-on-month increase of 4.75% in crypto trading volume. Bitcoin price crossed $47,000, fueled by $200 million shorts liquidated across exchanges. Bitcoin price is rallying, fueled by a frenzy of massive short liquidations on crypto exchanges. Proponents believe bulls have flocked to the market, as transaction volume exceeded $100 billion. Bitcoin price pushes past $47,000 in recent rally Bitcoin price crossed key resistance to hit a high above $47,000 in a rally fueled by the liquidation of millions of short positions. Analysts at the crypto intelligence platform Santiment observed a massive liquidation of shorts across exchanges at 1 pm and 6 pm UTC across crypto exchanges on March 27, 2022. Analysts argue that Bitcoin’s recent price rally to $47,000 was a response to liquidation in large quantities over the weekend. The average funding rate entered the long zone, where uncertainty among market participants increased. Therefore, analysts conclude that Bitcoin shorts have fueled the asset’s ongoing rally. Bitcoin and altcoin shorts liquidatedColin Wu, a Chinese journalist, reported a spike in the total transaction volume of cryptocurrencies, exceeding $100 billion over the past 24 hours. Wu referred to data from Coinmarketcap and observed a 63.07% increase in crypto transaction volume compared to March 26, 2022. The total crypto market value now exceeds $2.12 trillion. Historically, analysts have witnessed high transaction activity when large wallet investors flock to the market or scoop up crypto. Bloomberg analysts argue that Bitcoin looks overbought, compared to its 50-day Moving Average. Bitcoin price crossed key resistance at $45,000 in the current rally, erasing its losses for the year. FXStreet analysts have evaluated Bitcoin price and predicted the start of a new uptrend in the asset, as it crossed the $45,000 level.

Bitcoin has been losing 0.7% in the last 24 hours to $47K. Ethereum added 0.2%, while other leading altcoins from the top ten rose from 0.3% (XRP) to 8.6% (Solana). BTC is going lower According to CoinGecko, the total capitalization of the crypto market grew by 0.7% over the day, to $2.15 trillion. The dominance index immediately fell by 0.6 points to 41.5% due to the strengthening of altcoins. Cryptocurrency index of fear and greed by Thursday rolled back from 55 to 52 points and is now in a neutral state. Solana led the way with news from NFT platform OpenSea, which announced in April that they would add support for tokens on the SOL blockchain. Bitcoin continues to cautiously retreat lower from its 200-day moving average at $48,200, building up strength ahead of a likely move north. The decline in US stock indices on Wednesday after four days of growth also did not contribute to the positive dynamics. Investors are searching for new ideas The FxPro Analyst Team emphasised the outstripping growth of altcoins: it is worth paying attention to in order to understand that among cryptocurrency traders there are no fears for the sector, but there is a search for new ideas, away from institutional capital and the eyes of politicians. There is an influx of stablecoins to centralized platforms, which may indicate the interest of investors in the upcoming purchases of cryptocurrencies. According to a survey by blockchain company StarkWare, 50% of Americans see cryptocurrencies as the future of the financial system. According to Morning Consult, more than 91% of Americans have already heard about cryptocurrencies, of which 19% are owners of digital assets. Bitcoin miners made $3 billion in three months, according to Coin Metrics. ETH miners earned more in the same time period, about $3.7 billion.

Altcoins refer to any other form of cryptocurrency other than Bitcoin, that means almost every other coin out there is an Altcoin. There are different types of altcoins; such as Stablecoins, Mining-based coins, Stacking-based coins and Governance tokens. Stablecoins are cryptocurrencies that are designed to replicate the price of another asset. Mining-based coins are cryptocurrencies that use a mining process to verify transactions and produce more coins. Stacking-based coins are the same as mining-based coins except they use a process called Stacking to verify transactions and produce more coins. Governance tokens are cryptocurrencies that give holders voting rights to help shape the future of the project. Altcoins can add diversity to your investment portfolio, they’re worth investing in if you're willing to do your homework! Cardano revolutionizing smart contacts A smart contract is one that happens between 2 parties on its own,the terms of the agreement between the parties is directly written into a line of code. The code and the agreements resulting exist across a distributed, decentralized blockchain network. Over the past month, we have seen the price of Cardano peak and fall, today the price is sitting at $0.954, a -5.6% change between yesterday and today, however the cryptocurrency seems to be on the rise this morning. Other than current market conditions and cryptocurrency volatility, the reason for the fall in the price of Cardano can be attributed to the high competition from Bitgert BRC20 Chain. Cardano Price Chart Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! Bitgert Wins in Growth and Development According to some sources, Bitgert (BRISE) currently has one of the most powerful blockchains today. Whilst other cryptos have been underperforming, BRISE has managed to pull through with incredible returns. BRISE is the first BRC20 blockchain or the gasless blockchain, with their innovation and constant growth, they are performing exceptionally well in the cryptocurrency market. Today BRISE's overall price started low but it seems to be recovering, this is definitely a cryptocurrency to watch for in the future. BRISE Price Chart Litecoin(LTC) was released around the same time as Bitcoin which makes it amongst one of the oldest cryptocurrencies in the market Litecoin was released around the same time as Bitcoin which makes it amongst one of the oldest cryptocurrencies in the market, it is still in the top 10 top regarding market cap. The only difference between Bitcoin and Litecoin is the time in which it takes to generate a block, Litecoin takes 75% less of the time it takes Bitcoin to generate a block. We have seen the value of Litecoin rise and fall within the past month. Once the volatility of the crypto market calms down, hopefully the price of this coin will stabilize. Litecoin Price Chart Related article: What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies Charts: finance.yahoo.com & coinmarketcap.com

Photo Credits: Jen and www.david baxendale.com with help from pinetools || The casino is exciting. The scale is honest and unrelenting. I want to give an update to one of the major concepts of Ben Graham, in order to make it fit the modern era better. Ben Graham said: “In the short run, the market is a voting machine but in the long run, it is a weighing machine.”https://www.goodreads.com/quotes/831517-in-the-short-run-the-market-is-a-voting-machine quoted from The Intelligent Investor So let me modify it: In the short run, the market is a casino, but in the long run, it is a scale. Is this an improvement? Probably not, but speculation has become so rampant that it may be a necessary modification to change voting machine to casino. The voting machine makes sense, but typically we think of voting as being democratic. We only get one vote per person. Markets are different. Someone who brings a little money to the market will not have the same influence as the one who brings a lot of money to the market. Thus my analogy of the casino, though typically casinos will place limits on how much the casino will wager. They want to avoid random large losses so that they can live to extract money from rubes for many years to come. The winner can brag that he “broke the bank,” but the casino survived to play on. Bill Hwang and his CFO were formally charged with fraud today. What did they do? They synthetically borrowed a lot of money from investment banks to own huge amounts of a few companies. Their buying pushed the prices of the stocks higher, allowing them to borrow more against the positions. But eventually as the stocks they owned had some bad results, the margin calls on his positions wiped him out as the stock prices fell. The scale trumped the casino. The same is true of crypto and meme stocks. Cryptocurrencies require a continuing inflow of real cash (admittedly fiat money) in order to appreciate. If people stop buying crypto on net, and that may be happening now, cryptocurrencies will decline. The scale says crypto is a zero — no intrinsic value. The casino begs for more people to bring real money to buy fake money. That applies to meme stocks as well. You can throw a lot of money at a stock and it will rise. But for it to stay there or rise further, it will need increasing free cash flows to validate the value of the firm. Going back to crypto, it lacks any link to the real economy. Crypto will only become legitimate when you can buy groceries and gasoline at a fixed amount of bitcoin that varies less than the same price in US dollars. As a final note on the Scale versus the Casino, I give you Elon Musk. He borrows against his shares of Tesla to buy Twitter. He either did not realize or ignored the fact that he could lose his stake in Tesla if the price of Tesla falls enough. Do you really want the margin desk to control your fate? This may not totally impoverish Musk, but it is not impossible that he could the entirety of his holdings of Tesla in order to keep his holdings of the unprofitable Twitter. All it would take is for short sellers to push Tesla below $740, and then the margin desk starts selling his shares into a falling market. Momentum, aided by an agreement leading to forced selling. The market abhors a vacuum. So it is for those who assume that things will continue to go right for them.

Cardano’s mission is “Making The World Work Better For All” Cardano Coin was released in September of 2017, and has grown since, their current Diluted Market Cap is sitting at more than $34 Billion. Like Bitcoin (BTC) the ADA coin has a maximum supply of 45 billion coins. Cardano’s mission is “Making The World Work Better For All ''. Cardano is a blockchain platform that was designed for change makers, innovators and visionaries. The platform has the tools and technologies that are required to create possibility for the many, as well as the few and to create global change. Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?  Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Cardano is a proof-of-stake blockchain platform. Proof-of-stake is Cardano’s way of verifying transactions, which is necessary due to the decentralised nature of cryptocurrencies. With proof-of-stake, the owners of Cardano can stake their coins which then gives them the right to check new blocks of transactions and add them to their blockchain. Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Engineers work with the team to achieve this. Cardano was the first proof-of-stake platform to be founded on peer-reviewed research and developed through evidence-based methods. The platform provides unparalleled security and sustainability to the decentralised applications, systems and security through making use of pioneering technologies. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. The Cardano platform is the first blockchain to implement the first peer-reviewed, verifiably secure blockchain protocol. The Ouroboros allows Cardano decentralisation, Ouroboros allows the platform to grow according to global requirements without badly compromising the security. Cardano is piling their resources to try and fix the scalability and resilience issues experienced by the more dominant coins, such as Bitcoin and Ethereum. Advantages of Cardano: Cardano restores trust to global systems, using science they create a more transparent, secure and sustainable foundation for systems to govern, enterprises to grow and for individuals to exchange and transact. Cardano is green and environmentally friendly. Cardano has a two-layer core architecture making its coin mining process more efficient. Cardano has a Clearing Level (CSL), this allows users to instantly trade ADA with lower fees. The sustainability of Cardano could be the one trait that gives the coin the upper hand over most of the others. How bright is the future of Cardano? Experts believe that Cardano could be able to compete with Ethereum in the future thanks to its proof-of-stake method. This is because Cardano uses their proof-of-stake as security to keep the system running, ulike Ethereum which relies heavily on computing power and environmental resources to maintain the blockchain. The proof-of-stake method has become so popular and intriguing that even Ethereum plans to switch in the future, and many investors are switching from Ethereum to Cardano. How to invest in Cardano: The Cardano (ADA) coin is listed on many major exchanges, it has a lot of trading volume and liquidity. It is necessary to create a coin base account. One of these accounts will also give you access to more coins. Buy Cardano. The past, present and potential future price of Cardano (ADA). When the ADA coin was launched, there was an initial price surge but for a while after the price surge, the growth was pretty stable. In mid 2021 the price surged to above $2.5, yet has since fallen again. The price of Cardano is currently on a negative trend, there are many possible reasons for this, one being the current wider economic market causing a risk-averse attitude. In general there is currently negative investor sentiment in the crypto market, which means Cardano is not the only coin having price trouble. In an attempt to flip their current price trend, the developers of Cardano recently increased their block size by 10%. However, this move did not have the desired effect as the price has continued to fall since the announcement. Cryptocurrencies are normally a volatile market, because of this it is difficult to read the future market and with current wider markets as they are at the moment, it is hard to predict where this coin is actually headed in the future. Although ADA has potential to compete with larger coins, it is still in question on how long this coin may be around for. Cardano (ADA) Price Chart For this coin there is potential for high returns and low barriers for entry. However, given the current market sentiment and its potential for change if situations in the wider market improve, there is a possibility for this coin to recover in the future. Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  Sources: Finance.yahoo.com, cardano.org, cardanofeed.com, capital.com, thecollegeinvestor.com, fool.com

Summary: A look into what the Solana (SOL) platform is. History of Solana. Advantages of holding the token. A look into what makes Solana unique.   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    The Solana coin was founded in 2017 during the initial coin offering (ICO) The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies when referring to total market capitalisation. SOL market capitalisation and Coins in Circulation. The current number of Solana’s SOL tokens in circulation is more than 334 million and a current total market capitalisation of more than $30 billion. The supply of Solana’s SOL tokens is unlimited, it releases a number of tokens every year based on the YOY inflation rates. The blockchain trilemma. The blockchain trilemma refers to the three major issues in blockchain: decentralisation, scalability and security. Scalability in blockchain refers to the ability for a cryptocurrency to handle a large influx of transactions at one time. SOL, Solana’s native token allows users to transfer value as well as blockchain security through staking. Solana’s cryptocurrency is called SOL. It is Solana’s native token and it allows users to transfer value as well as blockchain security through staking. Solana is a highly functional open source project that implements a new high-speed permissionless 1-layer blockchain. Solana combines Proof-of-history (PoH) and the super fast synchronisation engine in one algorithm, which is a type of proof-of-stake (PoS). This algorithm can (theoretically) process over 710000 transactions per second, without scaling solutions needed.   Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?    Proof-of-history, VDFs, proof-of-stake and synchronisation: Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system. Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly. The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus. Third-generation blockchain. Solana’s blockchain is a third-generation blockchain, and is designed to facilitate smart contracts and decentralisation applications (DApp). Solana supports nonfungible tokens (NFTs) and decentralised finance (DeFi). What makes Solana unique? The hybrid blockchain platform created by Solana (mixing proof-of-history and proof-of-stake concepts) is unique; they compromise on decentralisation to produce max speeds. By compromising on decentralisation the Solana platform makes it easier to scale the coins. Basically speaking, by focusing on one node chosen by the proof-of-stake mechanism which sequences messages between the nodes. Solana also links transactions by hashing the output of one transaction and using it as the following transaction input. This is how Solana uses its proof-of-history mechanism. Advantages of holding the SOL token. Solana can process up to 50000 transactions per second with extremely low fees. Solana has achieved a high level of scalability by leveraging the proof-of-history mechanism and several other breakthrough innovations. Solana has managed to achieve economies of scale and kept the transaction fees extremely low. Solana ensures composability between projects. Solana has very high network speed and high liquidity. SOL is not difficult to buy. How to buy SOL: It is necessary to obtain a crypto exchange account. Purchase SOL on one of the more popular exchanges such as; Coinbase, Crypto.com, Gemini, Binance, Kucoin. The price future and history of Solana’s SOL After its launch in March 2020, Solana’s price struggled to gain upward momentum. In the summer of 2021, hype for crypto and NFTs and growing demand in the DeFi community caused the price of SOL to triple. In 2022 the market has been extremely volatile with investor sentiment turning risk-averse, the price of SOL has struggled to show any real trend or stability. The price of Solana is expected to increase even further in the future. Solana (SOL) Price Chart With the current wider adverse economic conditions, the price of most cryptocurrencies are facing challenges, with changing investor sentiment, the current price is constantly changing.   Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!    Sources: solana.com, cointelegraph.com, docs.solana.com, cryptovantage.com, statistica.com

Summary: How does dYdX work? A look into what a perpetual cryptocurrency trading exchange is. Advantages of investing in the dYdX crypto exchange. Past and future price performance. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  dYdD is a decentralised trading platform that is used for cryptocurrency margin trading. Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies. Since the launch of this platform in September 2021, they have added many features, including lending and borrowing services to decentralise the trading experience. The exchange has a market cap of $258.2 million, a circulating supply of 65569295 with a max of 1 billion. dYdX is a leading crypto exchange that supports perpetual trading. Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries. Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are: Increased flexibility of trades by allowing both long and short trades. Increased leverage. Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain. dYdX works in the following way: The creation of smart contracts has allowed for cryptocurrency exchanges to create decentralised liquidity pools, collateralisation and lending across popular protocols like Uniswap, Sushi and Compound. dYdX took all of the best decentralised financial technologies and combined them to form a first-of-its-kind cryptocurrency derivatives exchange using crowd sourced liquidity only. To explain this concept more, it means that when you deposit collateral to open a leveraged trading position, you are borrowing from a decentralised liquidity pool that is funded entirely by other traders. Dydx Layer 1 blockchain: Layer 1 is a highly liquid, decentralised exchange for both crypto margin trading and for spot trading. On this layer it is possible to leverage up to 5x your position. As long as users collateralise correctly, it is fast and efficient to borrow funds for your positions. dYdX claims to have built the fastest and most powerful decentralised exchange ever through their layer 2 blockchain. Advantages of layer 2: No gas cost and lower fees: when users deposit to layer 2, the user will no longer be required to pay fees to miners. Fast withdrawals: layer 2 does not have a waiting period to withdraw funds. Security and privacy: increased security and privacy via zero-knowledge rollups*. Very fast: trades are instantly executed and confirmed on the blockchain within hours. Mobile friendly: can be used on any device thanks to upgrades. Cross-margining : users are able to access leverage across positions in multiple markets from a single account. USDC collateral: dYdX allows users to provide USDC as collateral in their trades. *Zero-knowledge rollups is a Layer 2 scalability solution that allows blockchains to validate transactions faster whilst ensuring gas fees remain low. How to trade perpetually with Dydx: Download the dYdX trading app and open it. Connect your crypto wallet to the app. Deposit funds into the wallet and then select the “trade” option. Open a trading position with selected leverage and limits. Use the app to track your position's performance. Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?  The dYdX token, the platform gives dYdX tokens to its users in the form of generous rewards. Advantages of the dYdX token: dYdX liquidity staking pool: this feature is important for keeping the exchange alive and financially supported. Trading rewards: it is possible to earn dYdX tokens just by trading on the platform. Discounted trading fees: if users hold dYdX tokens in their wallet, they can receive a 3% discount on trading fees. Governance token: dydx is also used for governance of the protocol, which gives holders voting rights. PAST, PRESENT AND FUTURE PRICE When the token was first launched the price spiked and showed promise, since then the price has been on a consistent downward trend. In general the crypto market is volatile, this is shown in the price changes for this cryptocurrency. Currently with the negative global investor sentiment, the price of cryptos have been falling in general over the past months, which could be a reason this tokens value is currently trading so low. The coin price is forecasted to increase in the future. In 2022, the price is expected to increase by 78% and is expected to continue on this upward trend for the next 5 years. dYdx cryptocurrency Price Chart Sources: academy.shrimp.io. Dydx.exchange, cryptoadventure.com, trading-education.com

Summary: Arqu trading platform How to trade and earn yields on the Aqru platform. Advantages of the Aqru platform Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Aqru is a crypto staking platform that makes it simple for investors to earn interest on their cryptocurrency investments. Aqru cryptocurrency is one of the only listed equities primarily offering exposure to the DeFi sector. Aqru currently offers a yield on certain cryptos such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) and Dai (DAI). If investors hold BTC and ETH they can earn up to 7% APY, if investors hold USDT, USDC and Dai, they can earn up to 12% APY. It is easy for investors to take advantage of compounding interest as the interest is paid daily. Aqru ensures security for users on the platform In order to ensure security for its users whilst they earn interest, Aqru makes use of encryption in transit, encryption at rest and address whitelisting. Users are able to protect their assets with their bank level security and deposit protection insurance, this happens because Aqru makes use of a multi-layered insurance policy, this protects the value of users assets from hacking. In addition Aqru uses the latest Multi-stig technology from Fireblocks (a leading wallet provider) to keep users' assets safe. Encryption in transit protects user data if communications are intercepted whilst transferring between the site and cloud provider. Encryption at rest is designed to protect users from attackers accessing unencrypted data. Address whitelisting enables crypto withdrawals to be transferred to addresses already designated in the users address book. Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. To give their users peace-of-mind, Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. In addition, yield opportunities are monitored by the experienced risk management committee to ensure Aqru stays ahead of all market trends. Fees for using Aqru There are no fees for using this platform nor are there fees for fiat withdrawals, when withdrawing cryptocurrencies there is a $20 flat fee that is charged on the asset you are withdrawing and a 0.5% fee based on the asset value. The platform accepts payment via card, bank transfer, or wallet-to-wallet crypto payments. Aqru’s method for generating enough returns to pay to their users Aqru generates returns by lending out their users digital assets to institutional and retail borrowers as well as participating and supporting decentralised exchanges. The deposits lent to decentralised exchanges are insured and the platform maintains a rigorous risk management process. Money lent to institutional and retail investors is 100% collateralised, thus allowing ease of returns and to pay customers daily. The returns generated by crypto assets remain high as investors are willing to pay high interest for assets that are not readily available by traditional means. As the crypto market grows and capital becomes more available, yields on crypto assets will decrease. Once users have uploaded their funds to the platform, the value of their assets are distributed into a liquidity pool, which is then distributed to earn a fee on pool-to-peer lending platforms. Aqru makes money by taking a share on the income earned from the liquidity pools. There is a lot of room for Aqru and like-companies to grow as investors begin to realise the benefits of gaining safer yields from safe platforms like Aqru. Aqru also offers services to institutional investors Aqru also offers services to institutional investors with bespoke terms for larger investors, if institutional digital assets allocation becomes larger, Aqru’s addressable market becomes larger. Advantages of investing in Aqru: There is no need for investors to go out of their way to start earning interest. If investors do not own cryptocurrency, they can invest fiat currency and the Aqru platform will take care of exchanging it into the cryptocurrency of your choice, if investors wish to do so. There is no native coin on the platform that investors need to hold in order to receive the best interest rates. There is no lock-in period, i.e investors are welcome to withdraw their funds at any time. Aqru processes withdrawals within 24 hours and does not charge fees on fiat withdrawals. User-friendly platform. The platform is currently giving away 10 USDT to every user that signs up to the platform. Aqru also offers services to institutional investors Becoming an Aqru member is simple, it starts with setting up an account on the platform, which is designed to help users get to know and understand the platform. After account creation users can either fund it by fiat or cryptocurrency transfers. In order to sign up to Aqru accounts, the user will need to go through a verification process to confirm the user's identity and the legitimacy of the funds. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  Sources: aqru.io, edisongroup.com, economictimesindiatimes.com.

Summary A look into Terra (UST) coin. Luna and Terra coins. Advantages of holding Terra coin. Past present and future prices. Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Terra is a public blockchain protocol. Terra is a public blockchain protocol that deploys a suite of algorithmic decentralised stablecoins which underpin a thriving ecosystem which brings decentralised finance to a large number of users. Terra assets are supported by leading blockchains. Stablecoins are coins whose value is pegged to a cryptocurrency, fiat currency or to exchange-traded commodities. Terra USD was created in January 2018 and was launched in late 2021. Terra has a market cap of $4.391 Billion, a circulating supply of 407.49 million with no maximum supply. Terra is the leader of decentralised and open-source publics blockchain protocol for algorithmic stablecoins Terra is the leading decentralised and open-source public blockchain protocol for algorithmic stablecoins. The protocol uses a combination of open market arbitrage, incentives and decentralised oracle voting. With this combination, Terra makes stablecoins that track the price of any fiat currency. Read next: (USDC) USD Coin, What Is It And How Does It Work? - Important Altcoins !| FXMAG.COM The Terra ecosystem is a rapidly expanding network of decentralised applications, creating a demand for Terra and pushing Lunas price up. Terra is an industry-leading decentralised stablecoin reflected by $USDT. It has a vibrant Smart Contracts platform. Terra has a thriving cross-chain DeFi environment. Terra is built on the Cosmos SDK & Tendermint consensus. Terra and Luna: the 2 main coins of the protocol. Luna is Terra’s native staking coin which absorbs the Terras price volatility. Luna is used for mining and governance. Users stake Luna coins to validators who then record and verify transactions on the blockchain in exchange for rewards from transaction fees. The more Terra is used the more Luna is worth. Luna provides its holders with staking rewards and governance power. Terra stablecoins track the price of fiat currencies: Users make new Terra coins by burning Luna. Terra and Luna are always tradeable at a 1:1. 1 USD can be traded for 1 UST. Stablecoins and Terra: The main feature of the Terra protocol is its stablecoins, the TerraUSD coin can be used like fiat currency with added blockchain benefits: lower fees, faster settlement processing times, instant transactions and unchangeable public ledger. If stablecoins maintain their price pegs they are considered valuable. Terra protocol determines the price of the Terra coin using the basic markerket forces of supply and demand - when demand is high, supply is low and therefore the price increases. The protocol keeps the price stable by ensuring supply and demand is balanced. Terra protocols algorithmic market module helps to keep the price stable, which incentivises the burning of Terra through arbitrage opportunities. Arbitrage refers to the making of money on an asset through price differentials between markets. Scalability of Terra: Terras protocol is scalable, which is designed to maintain Terras price stability regardless of volatility, demand or market size. Scalability refers to the ability of Terra’s protocol to receive a large influx of transactions at a time. Terra offers rewards for holding the coin Terras protocol incentivises validators and delegators with staking rewards, in the form of gas and swap fees Gas: to avoid spamming, fees are computed onto each transaction. Validators have the power to add minimum gas prices and reject transactions that have implied gas prices below their set level of. Swap fees: tobin tax refers to the fee for swapping Terra UST stable denominations. Spread fees refer to the price discrepancy between Terra and Luna. The swap fees are directed to the Oracle reward pool, which are then distributed over two years to validators who faithfully report correct Oracle prices. Advantages of holding Terra UST There are many advantages of holding Terra coin, it is decentralised and permissionless which makes it ideal for the economy. Interoperability: this means it is able to run on multiple chains. Terra is live on Ethereum and Solana with plans of expansion in the future. Programmable: development focused agenda, which allows programmers to build smart contracts in Rust, Go and Assemblyscript. Oracles are off-chain sensors that have the ability to communicate data to-and-from the blockchain. Streamlined Financial: Terra aims to reduce or completely remove the need for credit card networks, banks and payment getaways with a single blockchain layer. The Sustainability Of Terra Terras coin uses a proof-of-stake model, which means validators verify transactions based on the number of coins they hold. Proof-of-stake models are less energy intensive than some competing models. Past, present and future price movements Terras price has been stable in the past thanks to its market module based on supply and demand. However, investor fears around the general state of the market has been causing the crypto market to see sufficient drops in prices. Investors see the future price of Terra to see substantial increases in the future when markets start to normalise. Terra USD Price Chart Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Sources: coinwut.com, finance.yahoo.com, terra.money, securities.io, investorplace.com

Summary: Polkadots aims and desires. A deeper look into how Polkadot works. Past, Present and Future Prices of Polkadot. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol  What is the Polkadot protocol? Polkadot is an open-source protocol built for everyone, it is founded by the Web3 foundation. The Web3 foundation has commissioned 5 teams and over 100 developers to build Polkadot. The Polkadot mission is: they envision a Web where their data and identity is their own and where safety is ensured from any central authority. Polkadot supports the ease of creating and connecting decentralised applications, institutions and services. Through empowerment of investors to build better solutions, they are seeking to free society from the grip of a broken web whereby institutions have the chance to break trust. The aim of Polkadot is to enable a completely decentralised web whereby the users are incontrol. The protocol is built to connect private and consortium chains, oracles, public and permissionless networks and future technologies that are yet to be created. Polkadot protocol offers parachain messaging, this refers to parachain-to-parachain communication, this is Polkadots version of inoperability. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Polkadot launched their DOT token in May 2017. DOT plays an active role in securing the Polkadot network. The DOT token has around $8.3 billion in market capitalization, a circulating supply of more than 1.6 billion tokens and does not have a maximum supply. Polkadot features: True interoperability: Polkadot allows cross-chain transfers of any type of asset or data, users are not limited to token only transfers. When users become a part of the Polkadot network, they open themselves up to a wide variety of blockchain networks. Economic and transactional scalability: unprecedented scalability is provided by Polkadot through the enablement of a common set of validators which have the ability to secure multiple blockchains. Transactional scalability is provided through spreading transactions across multiple parallel blockchains. Easy blockchain innovation: users can create a custom blockchain quickly by using the substrate framework. Once users make their own blockchain, they can connect it to Polkadot and get interoperability and security from the get-go. This ease of development is a major factor helping the Polkadot network grow. Security: Polkadots novel data validity and ability allows the interaction between chains, whilst maintaining independence in their governance but united in their security. User-driven governance: Polkadot maintains a sophisticated governance system, whereby all stakeholders have a say. Network upgrades are coordinated on-chain and autonomously without forking the network. This ensures that Polkadots development remains community-driven and future proof. Advantages of Polkadot: High energy efficiency: in comparison to conventional blockchains, the energy consumed by Polkadot is much less. This energy efficiency is as a result of its next-generation nominated proof-of-stake (NPoS) model. This NPoS uses the equivalent of 6.6 Us households' energy per year. The Polkadot platform has the lowest carbon footprint amongst proof-of-stake protocols analysed in recent research. High security The proof-of-stake network refers to the ability of cryptocurrency owners to validate block transactions based on the number of coins a validator stakes. About the DOT Token: The DOT token was created by the Polkadot protocol and is designed to serve 3 distinct purposes: Governance: the Polkadot token holders have full control over the protocol. The privileges on platforms that are normally only available to minors are given to DOT holders, including managing exceptional events such as protocol upgrades and fixes. Staking: Polkadot uses game theory to incentivise token holders to behave honestly. Those who do not exercise honest behaviour will lose their stake in the network, whereas those who exercise honest behaviour are rewarded by the game theory mechanism. Bonding: new para-chains are added by bonding tokens. Outdated parachains or those that are no longer useful and removed by removing bonded tokens. This bonding represents a proof-of-stake. Where to buy Polkadot (DOT) The DOT token is currently available on many of the major platforms such as Binance, Huobi Global, OKEx, Coinbase, KuCoin and more. Past, Present and Future Prices: We already know that the cryptocurrency market is volatile, this is reflected in the chart below. In the past the price has jumped up and down, with the data it is hard to read a trend for the price of DOT. Currently, the global market conditions have investors turning away from risky assets such as cryptocurrencies, and turning to safer assets. For the future, the price of the DOT token is expected to increase, with some analysts expecting the price to reach over $64 in 5 years time. However, given the volatility in the crypto market, it is difficult to make an accurate assumption on where the price of DOT will go. Polkadot (DOT) Price Chart Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Sources: finance.yahoo.com, polkadot.network, coindesk.com, coinmarketcap.com, capital.com

Meta integrates with Flow, rolling out Instagram’s NFT feature in 100 countries. Vitalik Buterin proposes a new privacy solution for NFT ownership. Axie Infinity looks to double down in South Korea. AUG 12, 2022 Key Takeaways Minted, the multi-chain NFT platform across Cronos and Ethereum incubated by Cronos Labs, launched on Thursday. It also announced its partnership with Crypto.com NFT: Every collection launched on Crypto.com NFT and minted on Cronos will also be available for secondary trading on Minted. Tech conglomerate Meta integrates with Flow blockchain and rolls out its Instagram NFT support feature in 100 countries, allowing collectors to display their verified Flow-minted NFTs in the photo-sharing app. Following the announcement, FLOW token soared by almost 44%. Ethereum Co-founder Vitalik Buterin proposes in a tweet a new way to stealth addresses for anonymous NFT ownership and transactions. This was in response to Ethereum researcher Anton Wahrstätter’s fresh proposal, and suggests a “much lighter-weight” solution on how to hide the identities of NFT owners without the need for Merkle trees or zk-SNARKs. Axie Infinity plans to expand and “double down” in South Korea, a market the company considers to be one of its most important. Sky Mavis Co-founder Jeffrey Zerlin announced this during the recent Korean Blockchain Week event, and in spite of a major blanket ban on P2E games in the country in December 2021. X2Y2 recorded a -6% decrease in sales and a +129% increase in transactions. Meanwhile, OpenSea‘s sales were positive at +32%, and its transaction count also increased +27%. The total market cap for GameFi tokens now stands at US$10.83 billion, up +4.6% from last week. Crypto.com NFT in the Spotlight Crypto.com NFT recently launched a new feature that lets users browse and buy LooksRare listings directly from the platform. On top of this, rarity scores were added for all Crypto.org Chain collections, and the platform is now also available in 17 languages. Visit the Crypto.com Blog for more updates.  “Kaiju Legends” is a colourful multiverse where art, story, toys, and gaming come together. Created by illustrator Jordy te Braak and game developer Roel Weber, it’s a community-driven NFT project that will feature a multiplayer P2E game, a native token, and exclusive toys and merchandise. The first wave is a collection of 7,777 algorithmically-generated collectibles with over 500 individual traits. Christian Whiticar’s new drop, “OKTṒPOUS”, is a fresh take on fine art. Using spellbinding loops, he tastefully captures the essence of the octopus. With an imaginative mind and years of work, Whiticar brings “OKTṒPOUS” to life, hypnotising the viewer. This will be the artist’s fourth drop in a series of sold-out collections in collaboration with Crypto.com. NFT Highlights Okay Bears to airdrop NFTs attached with actual gold Fractional NFT markets slide 76% in value in 7 months, diced-up DOGE NFT still leads the pack ApeCoin deal with fashion giant Gucci boosts Bored Ape Yacht Club token APE Sudoswap, a decentralised NFT marketplace hit all-time high daily trade volumes yesterday at ~900 ETH reNFT partners with Unlockd to bridge tradFi with NFT rentals CryptoDickbutts Ethereum NFTs surge 690% in daily sales volume NFT global sales hit 2022 low in July, sinking more than $4 billion GameFi Highlights Blockchain Games Report #6: Blockchain games are the least affected by the economic certainty STEPN launches GMT earning plans VisionsDao exits Stealth Mode and Presents a Modular Stack for GameFi Game on for Bybit-backed GameFi platform, Yeeha Games Polygon, Neowiz join forces to build new Web3 gaming platform Intella X NFT Transaction Benchmark     The following chart shows selected top NFTs and their historical floor prices. Top Collections The following table shows select top artists (by sales volume on each platform) and a sample of their art. PlatformArtistSales Volume (USD)Sample Crypto.com NFT Loaded Lions $300,700 Magic Eden Vandals $743,400 OpenSea CryptoPunks $8,364,160 GameFi Top Gainers & Losers     *Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT, DAR, AURY, APE, PYR*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV Top Games Metrics     * Week-on-Week (WoW) % change is calculated based on the differences between two consecutive seven-day periods* Users refer to the number of unique wallet addresses interacting with the dApp’s smart contracts* Weekly Volume refers to the total amount of incoming value to the dApp’s smart contracts during the seven-day period* Weekly Transactions refer to the no. of transactions made on the dApp’s smart contracts during the seven-day period* Stickiness refers to the ratio of daily active users (DAU) to monthly active users (MAU). A high stickiness means users consistently return to the dApp.* Weekly volume using Splinterlands data is approx US$424K.* Alien Worlds, Splinterlands, MOBOX, Sunflower Land, Pegaxy, SecondLive, Axie Infinity, DeFi Kingdoms data from DappRadar* STEPN data from Dune Analytics Daily Gamers by Blockchain Authors Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters    Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES GAMEFI NFT Share with Friends Source: NFT & GameFi (Week 31, 05/08/2022 – 11/08/2022)

The equity rally in the US didn’t pick up momentum after the Federal Reserve (Fed) released its latest meeting minutes, which sounded more hawkish-than-expected, or more hawkish-than-what-was-needed-to-give-another-boost to the US stock markets. The biggest take was that the Fed will continue tightening its policy until it sees that inflation is ‘firmly on path back to 2%’. The S&P500 fell 0.72% as Nasdaq gave back 1.20%, although the jump in the US 2-year yield was relatively soft, and the Fed funds futures scaled back the expectation of a 75 bp hike in the next meeting. Crude price completed an ABCD pattern, and it is more likely than not we see the price rebound to the $100 level in the medium run. In China, Tencent announced its first ever revenue drop as government crackdown continued taking a toll on its sales, and the pound couldn’t gain even after the above 10% inflation data boosted the Bank of England (BoE) hawks and the call fall steeper rate hikes to tame inflation in the UK. Watch the full episode to find out more! 0:00 Intro 0:28 As expected, Fed minutes were more hawkish-than-expected 3:39 Crude oil has more chance to rebound than to fall 6:02 Tencent posts first-ever revenue drop 7:14 Apple extends gains, but technicals warn of correction 8:38 Pound unable to extend gains despite rising Fed hawks’ voices Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Fed #FOMC #minutes #USD #GBP #inflation #Tencent #Alibaba #earnings #crude #oil #natural #gas #coal #futures #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary ___ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr ___ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 ___ Let's stay connected: LinkedIn: https://swq.ch/cH

Summary: A look into the Chingari network. The launch of the latest version of the GARI token. Price of GARI in the future. Gari Panda.   Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?    Chingari App is a short video-sharing app. Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023. GARI was India's first crypto token. GARI was India's first crypto token launched in October 2021, the public sale raised over $40 million. These funds will be used to expand the chingari team and enhance technology and to increase market initiative to strengthen the brands reach. GARI token is referred to as a social token; this type of token is one where a brand, influencer or community can use to monetize themselves beyond the typical means. $GARI NFT marketplace acts as both an in-app currency and as a governance token. Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development. Recall that non-fungible tokens (NFTs): are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They represent a real-world item, by purchasing these real world items through NFTs, it makes purchasers less vulnerable to fraud and the process of buying and selling more efficient. Chingari Mission: Their mission is: “Our mission is to institutionalise space, and promote the growth and advancement of the underlying ecosystem and technology behind digital assets and blockchain.” Short video + short social + social commerce + social ed-tech + social entertainment on blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari is a cryptocurrency that was created in india; In 2020 Chingari noticed there were only limited avenues social media influencers could go down in order to make money on their social media platforms, Chingari saw this as an opportunity and ended up sharing 30% of their revenue earned on the platform with the creators. GARI is disrupting the influencer, digital artist and videographer economy - by allowing these creators to make money in crypto for creating and sharing their content. Ways to make money in GARI crypto in the future: Play-2-earn: Earn GARI tokens by playing games in the App. Watch-2-earn: earn Gari tokens by watching videos. Engage-2-earn: like and comment on videos on the chingari app and earn Gari tokens. GARI NFT token launch date timeline: In august of 2021, chingari began the development work for the GARI NFT token, they even managed to get funding from Solana to help fund their token creation. Since then the developers have been running simulations to test the token's resilience. In Q1 of 2022 the token developers created all the more defining elements of this coin such as the smart contracts and exchange listings, this quarter also saw the NFT and exchange wallet drops. Going forward there are still aspects to the coin that need to be defined and released, the launching of the $GARI NFT token in the United States and Europe is set for 2023. GARI Panda, What is it and how will it work? GARI Panda is an exclusive collection of 9,999 unique panda NFTs on Solana, this feature aims to bring unique & real world utilities to holders. In the future if advertisers wish to run advertisements in the Chingari app, they will need to own Gari Panda NFTs. These Gari Panda NFTs grant access to NFT-only perks such as: Exclusive access to chingari ads club. Music and video streaming revenue-share. Participate in future business opportunities initiated by the GARI community. Exclusive access and earning from P2E games. Advantages of buying and holding a Gari Panda NFTs: Access to the Chingari Metaverse: this gives users access to a platform for virtual gigs by celebrities and influencers, Virtual Reality experience is also currently being built on the app. Access to Rewards. Chingari Panda Club: Exclusive invites to “invite-only” parties with celebrities who collaborate with chingari. Influence over the Chingari platform and community. Partnership NFTs: GARI will launch partnership NFTs with music and video streaming platforms. Ownership of independent movie production house on Chingari multiplex. NFT staking: panda NFTs would be used as a reward booster for Gari staking, in the future NFT holders will be able to stake their NFTs to earn GARI tokens. Price of Gari Network The current max supply of GARI is 1 billion coins, the current market capitalization and the circulating supply is not currently available. The price of GARI network today is $0.639449. There is potential for this coin to grow in value in the future, although actual estimates are speculative, investors believe it is possible for the tokens price to reach $7 by the end of 2023. GARI Crypto Price Chart   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    Sources: gari.network.com, cryptoadvisor.com, chingari.en.softonic, timesofinida.indiatimes.com, coinmarketcap.com

The blockchain industry has become part of the global “financial revolution” in recent years. Derivative of this system are cryptocurrencies, which have proven to be extremely popular, both among investors retail and institutional. The main reason for so much interest digital currencies are the innovative solutions behind them, which in turn often attract speculative increases. In recent years, the blockchain industry has become a global "game speculative", and the price of the "king of cryptocurrencies" - Bitcoin, is tracked by financial analysts from whole world. Despite the high risk associated with cryptocurrency trading, the industry that initially it was a technological curiosity, even the largest institutions became interested in it financial companies such as Goldman Sachs or JP Morgan, as well as technological giants - Intel and Nvidia. The world is constantly changing and technology is something that is developing extremely fast. Understanding this process, in the following guide, we will provide a handful of basic knowledge about cryptocurrencies and the most popular ways to invest in this market. We will also describe our offer for cryptocurrencies and how to trade via the XTB trading platform. Interesting crypto-numbers What are cryptocurrencies? Cryptocurrencies are digital assets that have only a virtual form that can be used among others in investments and trading, online shopping, data verification, as well as on platforms for players or in the Metaverse universe. Cryptocurrencies are based on cryptographic technology that makes it impossible to counterfeit or double issue, and some of them like, Bitcoin or Cardano, due to encoded conditions are limited in advance. This is a significant aspect that distinguishes the above-mentioned tokens against the background of traditional currencies, the amount of which in circulation can be controlled by the central banks of individual countries, e.g. by "printing" them. No governments or banks exercise control over the creation of cryptocurrencies, or the method of their exchange, and the price of tokens is shaped almost exclusively by demand and supply. However, it should be remembered that decisions individual regulators may have an indirect impact on the power of buyers and sellers. Read next: The Advantages Of Cryptocurrency CFDs Trading| FXMAG.COM What is blockchain? Under this mysterious word there is an information recording system where all transactions are stored are cataloged in a virtual ledger known as the blockchain, i.e just blockchain. The undoubted advantage of this technology is its decentralization, which constitutes the opposite of the current financial order. Currently, any transactions that we include, e.g. when paying with a card in a store or making a transfer, are saved on servers of a given bank. It is this bank, as the central unit, that is in possession of all information regarding our financial activity (excluding cash transactions). This issue is increasingly being questioned in the sphere of public debate. In case of blockchain, such a central unit does not exist. Any records related to the activity financial information is stored in a decentralized network where each connected computer it forms part of this information storage system while also storing information from the entire chain. In addition, each of the network participants has equal access to information stored in it, and the issues of personal data are protected by strong cryptographic systems that simultaneously provide anonymity and also offer full transparency regarding the history of individual transactions on the market. Read next: Forms Of Investing In Cryptocurrencies And Taking Advantage Of The Opportunities They Create| FXMAG.COM Within the cryptocurrency market, blockchain technology makes it possible to determine the ownership of based on recording the history of a given token in real time. individual information transactions are saved in the network to which each chain participant has access, and the authenticity of the entered data is verified in the Proof-of-Work model or Proof-of-Stake of this chain. We can define blockchain technology as part of the process "evolution of money", which enables secure transfer of value, eliminating the human factor and reducing the likelihood of fraud and mistakes. However, it should be remembered that transactions concluded within the blockchain are irreversible, and investors in the cryptocurrency market still they are relatively often victims of fraud and all kinds of attempts to extort funds.

Crypto Industry News: Peter Schiff, a well-known economist and investor, has supported blockchain and NFT technology. Given his previous positions on digital assets, Schiff unexpectedly expressed his enthusiasm on Twitter for a new art project.   Schiff expressed his excitement about collaborating with Market Price on a joint work that would combine conventional elements of art with blockchain. The goal of these efforts is a unique work of art called "Golden Triumph".   Art lovers and collectors will also be able to purchase a set of prints that have been permanently stored on the Bitcoin blockchain. Given Schiff's long-standing distrust of this technology and cryptocurrencies, this news came as a shock to many. His support for Bitcoin shows how his views on the convergence of art, technology and investing are changing. Schiff has repeatedly said that Bitcoin is a "bubble" with no intrinsic value that will soon burst.   The economist claimed that Bitcoin and most cryptocurrencies are not real currencies and are too volatile. Schiff's recent tweets on blockchain and NFT seem to contradict his earlier position. In 2021, he questioned the value of owning a digital NFT image. The fact that Schiff is now involved in a work of art using blockchain technology is proof that he appreciated the unique features of this technology and its practical applications.   Technical Market Outlook: The ETH/USD pair has broken below the short-term technical resistance located at the level of $1,865 and made a local high at the level of $1,928. The local low was made at the level of $1,874, but the market is still under the bullish pressure.   The momentum is strong and positive on the H4 time-frame chart, however, the bulls hit the extremely overbought level, so a pull-back is welcome. The bigger time frame trend remains down.

Market picture Cryptocurrency market capitalisation fell 1.8% over the last 24 hours to $1.136 trillion. After failing to build on Wednesday's gains, the cryptocurrency market came under pressure during the Asian session on Wednesday morning as sellers moved into defensive assets.   Bitcoin plunged to $27K, losing more than 2.7% since the start of the day and erasing all of Sunday's gains. Technically, the selling intensified after the pair failed to break above the 50-day moving average, which turned from support to resistance in May. Market participants should now brace for another test of local support around $26K.   According to CoinShares, investments in crypto funds fell by $39 million last week, the sixth consecutive week of outflows. Bitcoin investments were down $12 million, and Ethereum investments were down $6 million.   Weekly trading volumes remain low, at 58% of this year's average, which also mirrors the broader crypto market, with trading volumes at just 38% of this year's average, CoinShares noted.     New background According to Dune Analytics, the number of Bitcoin Ordinals-based tokens issued on the network has surpassed 10 million. Approximately 200,000 tokens are being issued daily, including NFTs.   US presidential candidate Robert Kennedy Jr. reiterated his support for Bitcoin and said that the SEC should not have people who oppose cryptocurrencies.   Crypto exchange BKEX said it had suspended customer withdrawals while a police investigation into possible money laundering by several users is underway.   Major stablecoin issuer Tether announced plans to invest in mining capacity in Uruguay, South America.   Renowned cryptocurrency analyst Michaël van de Poppe believes that Litecoin is gearing up for a "pre-halving rally" that will begin in early August.

Georgieva also entered the topic of cryptocurrencies. She emphasized that in her eyes these are rather "speculative" assets, not currencies. This should not surprise us, because the institution managed by it has long approached bitcoin with reserve.   She opposed, for example, the adoption of bitcoin in El Salvador and the recognition by the government of President Nayib Bukele of cryptocurrency as a means of payment. The IMF claimed that the government's policy would worsen the country's economic situation. As we know, that didn't happen. On the contrary: Bukele's actions improved the image of his country and strengthened local tourism. This does not change the fact that the IMF will rather not seek to strengthen bitcoin adoption, because politicians cannot control cryptocurrencies to the same extent as CBDC. Georgieva also entered the topic of cryptocurrencies.   She emphasized that in her eyes these are rather "speculative" assets, not currencies. This should not surprise us, because the institution managed by it has long approached bitcoin with reserve. She opposed, for example, the adoption of bitcoin in El Salvador and the recognition by the government of President Nayib Bukele of cryptocurrency as a means of payment. The IMF claimed that the government's policy would worsen the country's economic situation. As we know that didn't happen.   On the contrary: Bukele's actions improved the image of his country and strengthened local tourism. This does not change the fact that the IMF will rather not seek to strengthen bitcoin adoption, because politicians cannot control cryptocurrencies to the same extent as CBDC. Technical Market Outlook: The ETH/USD pair has broken above the technical resistance located at the level of $1,758 and hit the 61% Fibonacci retracement level located at $1,811. The local high was made at the level of $1,825 (at the time of writing the analysis).   The intraday technical support is seen at the level of $1,777, so please keep an eye on this level as the pull-back can happen soon. The market conditions are extremely overbought on the H4 time frame chart. Please notice, the Ethereum market rallied over 12% from the low made at the level of $1,620.      

Joseph O'Connor, also known as "Plugwalk Joe", was found guilty of running an advanced hacking campaign that involved hijacking the Twitter accounts of famous people and trying to defraud their followers. Barack Obama, Joe Biden and Elon Musk suffered in the case, for example, through whose accounts cryptocurrencies were extorted.   The perpetrator was sentenced to five years in prison. O'Connor was extradited from Spain to the US in April and pleaded guilty to the charges in May.   These included mass hacking of social media accounts, cybercrime and cyberstalking, among others. He and his associates carried out the attack in early 2020. They contacted some Twitter employees by phone and manipulated them into obtaining login details. This gave the hackers access to the website's internal administration tools.     They used this access to post a Bitcoin scam on over 130 celebrity Twitter accounts. According to the Department of Justice (DoJ), they also sold access to some accounts to third parties. In a separate case, O'Connor and his colleagues successfully used SIM swap attacks. This time to compromise three directors of a cryptocurrency company based in Manhattan.   They used the access they gained to divert digital funds currently worth $1.6 million from their wallets. Technical Market Outlook: The ETH/USD pair has been consolidating the recent gains in a narrow zone with an occasional dip to the level of $1,837 that now will act as the intraday technical support.   The bulls failed to break above the technical resistance located at the level of $1,930 and reversed lower again.The momentum turned into weak and negative after the failed breakout attempt, so now the short-term outlook is looking more bearish. The short-term technical support is seen at the level of $1,837 and $1,830 (100 MA).  

The Ministry of Foreign Affairs of Belarus is working on legal amendments to ban peer-to-peer (P2P) transactions in cryptocurrencies such as Bitcoin. On July 2, the ministry issued an official statement on Telegram regarding new regulations to ban individual P2P cryptocurrency exchanges.   The authorities cited the high level of cybercrime in Belarus, claiming that since January 2023, local prosecutors had suppressed the activities of 27 citizens who provided "illegal cryptocurrency exchange services." Their total illegal income amounted to almost 22 million Belarusian rubles ($8.7 million). The ministry argued that P2P cryptocurrency services are "in demand by scammers who withdraw and convert stolen funds and transfer money to organizers or participants in criminal schemes." To eliminate such illegal activity, the ministry will prohibit P2P transaction entities, only allowing them to exchange cryptocurrencies through exchanges registered in the Belarusian Technology Park (HTP).       Technical Market Outlook: The BTC/USD pair has made a new swing high at the level of $31,372 as the up trend has resumed and then pulled-back from the extremely overbought market conditions on the H4 time frame chart. The intraday technical support is seen at the level of $29,556. Moreover, the bulls had broken above the technical resistance located at $28,446 and now this level will work as the technical support and the line in sand for bulls. The momentum is strong and positive on the H4 time frame chart and on a Daily time frame chart, so the bulls are ready to continue the up move. The next target for bulls is still seen at the level of $32,350.  

In the ever-evolving landscape of digital innovation, the concept of the metaverse has garnered significant attention. However, recent data from DappRadar indicates a notable decline in investments within the metaverse sector during the first half of 2023, accounting for a mere 10% of the previous year's corresponding period. In light of this development, the question arises: what lies ahead for metaverse technology? To gain valuable insights into the future of the metaverse, we engage in a conversation with esteemed analyst Akash Girimath. Girimath highlights the current sensitivity surrounding cryptocurrencies, stemming from the US Securities and Exchange Commission's (SEC) recent enforcement actions following the collapse of the FTX exchange. Consequently, investors are approaching the crypto sector with caution, resulting in a reluctance to allocate capital to areas such as the metaverse, smart contracts, decentralized finance (DeFi), and other crypto sectors.   Read more on FXSTREET   FXMAG.COM: Data from DappRadar shows that in the first half of 2023, investments in the metaverse barely accounted for 10% of those in the corresponding half of the previous year. What's next for metaverse technology?   Akash Girimath:  The US Securities and Exchange Commission's (SEC) recent action to enforce power on crypto companies after the collapse of FTX exchange has made crypto a very touchy subject. As a result, investors aren't lining up to spend their capital on areas such as the Metaverse, Smart Contracts, Decentralized Finance (DeFi) or any other crypto sector.   The metaverse technology has potential, but it will need easing macroeconomic conditions and the start of a new bull run in the crypto market to supercharge investments. In the not-so-distant future, I see a marriage between Metaverse and Artificial Intelligence technologies that could birth a new category of projects.

The everything selloff By Ipek Ozkardeskaya, Senior Analyst | Swissquote Bank   The global selloff intensified yesterday, after the FOMC minutes released Wednesday highlighted that the Federal Reserve (Fed) continues to see significant risks to inflation. And if that's not enough, Atlanta Fed's GDPNow printed an eye-popping growth forecast of 5.8% for Q3 on Wednesday, up from 5% printed a day before. Atlanta Fed computes this number using the data available to them at a time t, therefore the number is not necessarily accurate, but it reflects the positive data released lately, and fuels worries that with such a strong growth, the US inflation could only make a U-turn and take a lift. Yesterday, the Philly Fed index printed a surprisingly strong number, as well. This is why, we continue to see the upside pressure in yields persist, in the US and around the world, though we saw some respite in the US 2-year yield that bounced lower from the 5% mark earlier in the week, and the 10-year yield spiked above 4.30% before falling back to 4.25% this morning.   But note that there is more to this story. Long story short, the US Treasury has been printing a lot of T bills lately, and fell well behind the government bond issuance, and the latter helped keeping US liquidity well contained since the US exited its debt ceiling crisis after which the Treasury started refilling its general account. That was supposed to pull liquidity away from the market. But in the meantime, the Fed was pushing liquidity into the system by reverse repo operations, allowing the money market funds to buy T bills and release cash. The problem is, nowadays, the percentage of T bills approaches the 20% level, which is a self-induced limit for the Treasury, and the Treasury will shift back to issuing bonds, instead of T bills. The latter will increase the amount of sovereign bonds in the system at a time the Fed is decreasing its balance sheet by QT, and the banks don't necessarily want to buy bonds either. So, the increasing supply, and the decreasing demand for US sovereigns will be one major force pushing the US yield curve higher. And if the strong economic data translates into higher inflation, the impact on yields will likely be higher. So, yes, the US 30-year yield is at the highest levels since 2011 and that looks appetizing, especially if the risk sentiment sours – due to multiple reasons ranging from geopolitical tensions to China worries – but the downside risks in the US sovereign bonds market prevails. And Bill Ackman said earlier this month that the 30-year yield could hit the 5% mark.  And the upside pressure in sovereign yields is true for other parts of the world as well, because obviously when the US coughs the world catches a cold. More precisely, higher US yields also translate into a stronger US dollar, and a stronger US dollar is inflationary for the rest of the world. If nothing, the energy and raw material prices that are negotiated in USD terms on international markets simply become more expensive when imports are reverted back to local currencies, and that, alone, is enough to push inflation higher in the rest of the world when the US dollar appreciates. The EURUSD fell to 1.0856, the AUDUSD slipped below 64 cents and the USDJPY spiked above 146.50. The correction is in play this morning and we could see the US dollar retreat further into the weekly closing bell, but the stronger dollar trend is clearly in play and it is worrying. Looking at yields elsewhere the US, the 10-year gilt yield has now surpassed the levels last seen during the Liz Truss induced disaster peak and is headed toward the 5% psychological mark while the German 10-year yield hit 2.70%, a level last seen in 2011 as well. Even the Japanese 10-year yield, which is controlled by the BoJ and should not exceed the 50bp benchmark by 'too much', goes up significantly.  As a result, the selloff in equities deepens. The S&P500 sank to 4370 yesterday and is getting ready to test the minor 23.6% Fibonacci retracement on October to July rally, and the base of that positive trend, while Nasdaq 100 is no more than 8 points from its own 23.6% retracement and already fell below the ascending trend base. The Stoxx600 slumped below the 200-DMA and is flirting with its own 23.6% retracement level, and the Japanese Nikkei, which was one of the rising stars of the year, and which recorded a rally past 30% since January, has fallen below its 23.6% retracement and is preparing to test the 100-DMA.   And note that this simultaneous selloff in stocks and bonds is a sign that the market liquidity is draining. Bitcoin, which is a gauge of market liquidity, slumped more than 7% yesterday and traded close to the $25K level. According to CoinGlass, $1 billion left cryptocurrencies over the past 24 hours and Bitcoin suffered almost half of the liquidations.   

Cryptocurrency exchanges operate like brokerage accounts. You create an account, fund it, and trade cryptos. Exchanges make it easier to buy and sell virtual currencies. Your crypto investing success significantly depends on the exchange you choose. Knowing the features to look for in your preferred crypto exchange is key to helping you find the right platform for your investment. Discussed below is how to choose a crypto exchange.   Consider fiat currency support   Fiat currency support is a significant factor when looking for a crypto exchange, particularly if you're a newbie in the cryptocurrency market. Such exchanges are known as fiat-to-crypto exchanges. They allow investors/ traders to convert traditional currencies, like EUR and USD, into digital coins, such as Litecoin and Bitcoin. Such exchanges serve as intermediaries that facilitate the conversion of fiat currency into crypto and the exchange of crypto into fiat money. When you use an exchange that supports fiat currency, you can buy or sell crypto depending on the market conditions and exchange rates. If you intend to trade cryptos like Bitcoin using dollars, compare several crypto exchanges' BTC to USD exchange rates to select the platform offering the best rates.   Prioritize security   While cryptocurrency’s blockchain technology's complex nature makes it hard to hack, additional security measures are required to safeguard user data and ascertain user safety from possible threats posed by malicious users/ hackers. To find a secure crypto exchange, look for security measures like: KYC protocol: This ensures that only legit users can access crypto platforms, averting illicit activities like money laundering Cold storage: It keeps funds in a wallet that isn't internet-connected to ensure cybercriminals don't access user assets Encryption: This security measure protects customer communications and data from unauthorized access Multi-signature authentication: It’s a system that needs two or more financial transaction and account access keys, with one held by the user and the other retained by the exchange   Compare trading fees   Trading fees, including funding, gas, deposit and withdrawal, copy trading fees, and more, are inherent in crypto exchanges. They’re charged by exchanges when users trade crypto, complete transactions, or invest in cryptocurrency-related financial instruments. Based on the service, exchanges charge varying fees. As an active trader, observing crypto trading fees closely is important because they can quickly crash your profitable crypto strategy. Choose an exchange with the lowest trading fees to ensure a high return on investment.   Ensure sufficient liquidity   Liquidity’s presence makes the cryptocurrency market more stable and safeguards crypto exchanges and traders from price swing effects. Sufficient liquidity ensures equitable, fair pricing for each market participant. A majority number of sellers and buyers account for reasonable pricing. A high liquidity level is a sign of a high number of traders, meaning purchase orders and sell orders are filled faster than in an exchange with low liquidity levels. This results in an increased trading pace, contributing to a better user experience. In addition, high liquidity comes in handy. Low liquidity aggravates volatility, raising the risk of price falls and rises.   Look at the crypto choices   Thousands of crypto types are available in the market, and no one exchange can provide all of them. Most crypto platforms will likely offer the most popular coins and a few less popular ones. Settle for an exchange that provides the most types of coins, including the ones you’re interested in. Endnote Selecting the right crypto platform is essential for successful investing. Implement these tips to find the best crypto exchange.   

Investing is an essential part of securing your financial future, and the first step to creating a sound investment portfolio is educating yourself on the different types of investments available. Commodities can be an excellent option for those who want to diversify their investment strategies beyond stocks and bonds. Commodities are often seen as risky investments due to their high volatility. Yet, if you're willing to take the time to understand how they work and develop some strategies for trading them long-term, they can be advantageous additions to any portfolio. Here, we will discuss how beginners can start investing in commodities and help create a successful portfolio with minimal risk involved.   Understand the different types of commodities available for investment  Investing in commodities can be an attractive financial opportunity for those looking to diversify their investment portfolio or hedge against inflation. Many commodities include precious metals, energy sources like crude oil and natural gas, and agricultural products such as wheat, corn and soybeans. Each commodity has its unique market dynamics, which supply and demand, geopolitical tensions, and weather conditions can affect it.     Understanding the different types of commodities available for investment can help investors make informed decisions about where to allocate their money, depending on their goals and risk tolerance. With the proper knowledge and approach, commodity investing can be valuable to an individual's investment strategy. Learn more here about the different commodities available for investment.     Research current market trends and the supply/demand dynamics of commodities  Before investing in commodities, it is essential to research and analyse the current market trends and supply/demand dynamics of the specific commodities you are interested in. It can involve keeping up-to-date with global news, geopolitical events, and economic indicators that could impact commodity prices.    It is also essential to understand how supply and demand affect commodity prices. For example, if there is an increase in demand for a particular commodity but a decrease in supply, the cost of that commodity will likely go up. Conducting thorough research and staying informed can help investors make well-informed decisions when investing in commodities.    Learn about the risks associated with investing in commodities and how to manage them  Investing in commodities comes with its fair share of risks, and beginners must understand them before diving into the market. One common risk associated with commodity investing is volatility. Commodities are known for their volatile nature, and prices can fluctuate significantly in a short amount of time.    Another risk is the influence of external factors such as weather conditions, geopolitical tensions, and economic policies. These factors can impact the supply and demand dynamics of commodities and, in turn, affect their prices.    To manage these risks, beginners should consider diversifying their investments across different types of commodities to minimise their exposure to a single commodity's price fluctuations. Additionally, conducting thorough research and staying informed about market trends can help mitigate risks associated with commodity investing.    Determine an investment strategy that fits your budget and risk tolerance  Once you understand the different types of commodities, market trends, and risks associated with investing in commodities, the next step is to determine an investment strategy that fits your budget and risk tolerance. It is important to remember that commodity investing should only be considered part of a well-diversified portfolio and not the sole focus of an investment strategy. Consider the amount of capital you are willing to invest and your risk tolerance before deciding on a method.     Some common strategies for commodity investing include buying physical commodities such as gold or silver, trading futures contracts, or investing in commodity ETFs (exchange-traded funds). It is also essential to regularly review and adjust your investment strategy as needed.    Choose a reliable broker to execute trades on your behalf  To invest in commodities, you must use a broker to execute trades on your behalf. Choosing a reliable and reputable broker with experience in commodity trading is crucial. Look for brokers that offer competitive fees, have a user-friendly trading platform, and provide access to various types of commodities.    It is also essential to do your due diligence and research the broker before deciding. Reading reviews and seeking recommendations from experienced commodity investors can also help you choose the right broker for your investment needs.    Open an account and begin trading commodities  Once you have chosen a reliable broker, the next step is opening an account and trading commodities. Most brokers will require you to fill out an application and provide identification documents before opening an account. Some brokers may also need a minimum deposit amount to start trading.    Before making any trades, it is essential to thoroughly understand the trading platform and any associated fees or charges. Start with small investments and gradually increase your exposure to commodities as you gain experience and confidence in the market.  //

XTB is the most popular Polish broker and one of the most recognized investment providers in Europe. It offers its clients more than 4,000 financial instruments, and users have a dedicated xStation platform at their disposal.  You can safely open an account with XTB using this link.   From the article you will learn:  What is XTB? How to open a brokerage account?  Why should you consider setting up an XTB demo account?  What is the xStation platform and what functionalities does it have?  How to withdraw funds from XTB? XTB - what is it? Who is the forex broker XTB? History of the establishment of XTB. Since when available XTB shares? XTB is an investment company and a global provider of products and technologies that enable the trading of financial instruments. Due to its status, it is subject to numerous regulations. XTB is under the supervision of institutions such as the Polish Financial Supervision Authority (KNF), the UK Financial Conduct Authority (FCA) and the international International Financial Services Commission (IFSC). XTB was founded in 2002, and 3 years later received permission from the FSC to provide brokerage services, which covered all financial instruments. Since 2007, the company began expanding abroad, opening branches in other countries in the region. XTB shares have been available since 2016, at which time the company debuted on the Warsaw Stock Exchange. What is the minimum deposit at XTB? How much does an account with XTB cost? How long does verification take? The minimum deposit is otherwise known as the amount that must be paid in order to use the functionality of a brokerage account. It allows you to purchase financial instruments.  XTB does not specify the minimum deposit that can be deposited into the account. What does this mean? The broker gives you the opportunity to start trading in the market starting from minimum rates. It is enough to deposit any amount to access the account. What's more, you can top up your deposit at any time with an amount that is deemed appropriate by the trader. Opening an account with XTB is completely free. However, it is worth noting that the bank may charge a commission for making a deposit, which should be checked in advance. The investor gains access to 4,000 instruments, including stocks from major financial markets. Most popular products at XTB: What are the most popular financial instruments at XTB? On the xStation platform and mobile app, XTB provides a "Hot" tab, which lists the most popular financial instruments. These are pairs of currencies, cryptocurrencies or stocks that are most popular with investors at any given time. Most of them are volatile, but some remain on the list for weeks, such as the USD/PLN pair. What is a demo account at XTB? Differences between demo and real at XTB XTB demo account allows you to check the functionality of the broker's system. It is also an important part of education, which allows you to manage virtual funds on a trial basis. The user has access to the market, but his decisions do not result in an actual loss or profit.  The most important difference between a demo and real account at XTB is the deposit. In the case of the former, it is not necessary to deposit funds, as only virtual capital is traded. The situation is different in the case of the real account, where the investor pays a deposit and then makes real decisions that may involve a loss of money. A demo account is therefore intended for anyone who wants to start their adventure with financial markets, but does not feel confident enough to risk losing their own money. Access to trial software is also a chance to protect yourself from making mistakes and to test new investment strategies. A demo account at XTB is commitment-free and free to set up. All you need to do is provide basic data to start trial trading. How to open an account with XTB? 5 useful tips for getting started To open an account, it's a good idea to prepare in advance and reserve at least 30 minutes to complete all the formalities.  Prepare your ID, driver's license or a receipt to prove your address.  Make sure you have a scanner or document scanning app. XTB requires scans to be uploaded, which allows for faster user verification.   Be prepared to fill out the online form.  Make sure you have a stable internet connection. Write down the number and email address for a dedicated help desk. This will allow you to get advice and guidance at every stage of registration (22-201-95-70 and e-mail: sales@xtb.pl).   Following the advice given will make setting up an account with XTB go quickly and smoothly. Investment account at XTB step by step. How to start investing at XTB? The very process of setting up an account at XTB does not take more than 30 minutes.  How to open an account at XTB? Follow the whole process with us step by step!  Go to the main page of XTB.com, then click on the "Open an account" tab.  You will be redirected to a subpage that requires you to enter your email address and accept the most important consents. You will be asked to set a password, which will be necessary to log into the account. It must meet a number of requirements, which can be found in the image below. As the registration panel shows, this is already 30% of the entire registration process. In the next step, you will need to provide personal information (first name, middle name, last name, phone number, date of birth, country of birth, citizenship) and fill out a statement of FATCA and CRS status. Confirmation of identity. XTB requires you to send a scan of your ID card or other proof of identity.  Completion of the knowledge test. The questions are basic and concern financial and investment topics. They are mainly issues related to CFDs and ETFs.  Personal form. The broker asks about the assets we have (annual income, value of savings), the amount of deposit we want to deposit or experience in the market. Checking the required consents. These are mainly the Master Agreement for the Provision of Brokerage Services, the Risk Declaration, the Order Execution Policy, the KID, and a certificate that you are not a politician or a politician's immediate family.  Once all the documents have been approved and the data verified, you can proceed to deposit funds in your XTB account. As an alternative to scans of documents, you can opt for video verification.  What is xStation? When is it worth downloading the application? xStation desktop or web version? The xStation platform is fully developed by the XTB team. Access to it is made available to the broker's clients. It is available in several versions, and can be operated on a laptop, desktop, tablet or phone. The speed of order execution on the xStation platform averages 85 milliseconds. Presenting the proprietary platform, XTB points to unique features that include: Statistics. They allow you to analyze the effectiveness of your decisions, market behavior or the average duration of transactions. Based on the collected information, you can draw conclusions and improve your performance.  News. XTB gives you access to key events from the macroeconomic calendar. Readings and indicators are provided in real time.  Calendar. Updated on a regular basis with the most relevant events that affect market movements.  Calculator. Useful for investing, thanks to it there is no need to calculate the value of a transaction or spread.  In addition, the user has access to indicators that examine sentiment in the supported markets.   XTB - what is worth investing in? What financial instruments does the most popular broker offer? Forex. There are 48 currency pairs available to investors, and forex trading takes place 24 hours a day, 7 days a week Indexes. Index CFDs at XTB include more than 20 proposals from major markets, including the US. Rolls are visible on charts, leverage is available. Commodities at XTB. This is a total of more than 20 instruments, including the most popular metals (gold, silver, platinum).  Stocks. There are more than 3,000 shares of companies from 16 markets. The minimum investment is PLN 10/EUR/USD. Commission 0% up to the indicated turnover (EUR 100 thousand per month) ETF-y. Można wybierać spoÅ›ród 300 najpopularniejszych funduszy na caÅ‚ym Å›wiecie.  Kryptowaluty. Ponad 50 CFD na krypto, w tym BTC. Dźwignia 1:2.      XTB - How to buy shares? How to enable Polish shares in a brokerage account? In order to buy shares, you must first log into your account and go to the Investor's Room. Later, you need to select a specific market and then open a position. Defensive orders are available, including Stop Loss or Take Profit.  Access to Polish stocks can be enabled by logging into the XTB Investor Room. Then select "My Accounts" and check "Enable CFDs and PL stocks."   FAQ How to withdraw money? How long does it take to withdraw money at XTB? How long does the transfer to XTB go? How long do I have to wait for a withdrawal from XTB?  You can withdraw funds by going to the Investor's Room. As the broker indicates on the official site, deposits are transferred to the bank around the clock, after 3 hours of placing an instruction. Importantly, cancellation of the instruction is possible right up to this moment. The instruction itself by the bank is processed by the next business day. For this reason, the withdrawal time in PLN should not exceed 1 business day. In the case of foreign currencies, such as USD or EUR, you should wait 2-3 days until the funds are in your account.  As for depositing to XTB, you should choose one of the payment methods.  Bank transfer. Credit cards. E-payments.  Express transfers are the fastest way to fund your account, the money is delivered immediately. XTB does not charge for transfer from PayPal and BlueCash.  The broker notes that it does not cover currency conversion differences if deposits are made in foreign currency. XTB - how to delete an account? XTB - how to delete an account?  To terminate the contract, and thus remove the account on XTB, you need to send a resignation to support@xtb.pl. Importantly, the request can be written in any form, but it must be clearly stated that the customer wants to delete the account. The request must be sent from a registered e-mail address.  XTB reviews. Is it worth choosing XTB? Check the latest comments, add your comment about XTB  Customers recommend opening an account with XTB. The interface is easy to use. In addition, the broker guarantees access to a wide range of financial instruments, including stocks from Poland, the United States, the United Kingdom or Germany.  The argument often cited by the broker's clients is also the series of daily webinars and XTB's educational tab. Cyclical opinions and recommendations from analysts make it easier to make investment decisions.  "Overall the broker as ok, cheap, I have never had any problems either with the application or with making transactions. The big minus - the lack of 2FA, which keeps me from holding large investments there. XTB when do you plan to implement 2FA? A lot of people complain about it, and these days 2FA is standard. Already even the archaic PKO Treasury Bonds portal has been implementing 2FA since October, and at your place there is silence on the subject." - Luke comments on the TrustPilot portal.

The Commodities Feed: Oil trades softer Crude oil has been softer amid some optimism around the Israel-Hamas conflict. Speculators trimmed their net longs last week as supply risks in the Middle East have eased for now.   Energy: Oil edges lower ICE Brent opened lower this morning with prices hovering around US$81.5/bbl on reports of easing worries over the Israel-Hamas conflict. Recent reports suggest that Iran held talks in recent days in Beirut, including with senior officials from Hamas to explore a diplomatic solution. Meanwhile, trading volumes were relatively subdued as the Chinese markets have been closed for the Lunar New Year Holidays. As for the calendar this week, market participants will await the release of the monthly reports from both OPEC and the International Energy Agency for further indications of supply and demand. Meanwhile, weekly data from Baker Hughes shows that the number of US oil rigs remained unchanged over the last week, with the total oil rig count standing at 499, whilst gas rigs rose by four, taking the total rig count (oil & and gas combined) to 623 for the week ended 9 February 2024. US oil rigs have remained quite flat since the start of the year and the volatility in oil prices could weigh on further rig additions over the coming weeks. The latest positioning data from CFTC shows that speculators decreased their net long position in NYMEX WTI by 55,265 lots after reporting two consecutive weeks of increases, leaving them with net longs of 94,963 lots as of 6 February 2024. Similarly, money managers decreased their net longs in ICE Brent by 23,060 lots over the last week, leaving them with a net long position of 238,356 lots as of last Tuesday. TTF prices fell over 3% this morning and extended the declines for a third straight session as mild weather and strong import flows indicate that the region will end the winter season with comfortable storage levels. Recent data from Gas Infrastructure Europe shows that the EU storage levels currently stand at 67.8% of storage capacity compared to the five-year average of around 58%. Subdued economic activity along with warmer-than-average temperatures have allowed the region to restock, which is keeping gas prices under pressure Metals: Lead exchange inventories rise Recent LME data shows that exchange inventories for lead reported inflows of 6,250 tonnes (the biggest daily addition for the year) for a ninth straight session to 150,675 tonnes as of Friday, the highest since October 2017. The majority of the inflows were reported from warehouses in Singapore. Meanwhile, on-warrant stocks extended additions for a fifteenth consecutive session and rose by 6,250 tonnes to 132,950 tonnes at the end of last week. However, the cash/3m for lead stood at a backwardation of US$10.2/t as of Friday, compared to a backwardation of US$1.25/t a day earlier. As for nickel, Norilsk nickel maintained its 2024 supply surplus expectations for the global nickel market that it made at the end of November last year. The group expects the nickel market to encounter a surplus of 190kt this year, primarily due to an increased supply of low-grade nickel in Indonesia. Meanwhile, it is estimated that the drastic drop in nickel prices has forced some of the projects to shut down, which might decrease production and eventually reduce the market surplus slightly. Norilsk Nickel estimates a market surplus of over 250kt in 2023. Meanwhile, the latest positioning data from the CFTC shows that managed money net longs in COMEX gold increased by 10,615 lots (after reporting declines for four straight weeks) to 82,591 lots as of 6 February 2024. The move higher was driven by falling gross shorts by 6,376 lots. Among other precious metals, speculators flipped to a net short of silver (after remaining net long in the previous week) as short positions outnumbered long positions by 4,784 lots over the last reporting week. Meanwhile, speculators increased their net shorts of copper by 17,224 lots to 20,5554 lots over the last reporting week. The move was driven by rising gross shorts by 13,620 lots to 71,999 lots.