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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: sense who wrote (175665)	8/3/2021 5:39:07 AM
From: TobagoJack	Read Replies (1) of 219030

Re <<Crypto>> Bitcoin, Ether, Dogecoin, and other major cryptocurrencies rose sharply during the week after the market took cues from a recent job posting by Amazon seeking to hire a “Digital Currency and Blockchain Product Lead.” It sparked questions among the market participants if the move could lead to Amazon accepting cryptocurrencies as a method of payment soon. Further, the upward movement of the market was fueled by short covering as more than $950mm of crypto shorts were liquidated on Monday, the most since May 2019, as per data from bybt.com. Post the market’s sharp rally, Amazon clarified that the speculation around its specific plans for cryptocurrencies was not true and it remains focused on exploring this space. Despite Amazon’s clarification, the market remained buoyed as Bitcoin ended the week at $39.7K, up 23.2% from the prior week. Meanwhile, Ether rose 14.7% w/w to $2,314 and Dogecoin rose 7.1% in the week. Coin Spotlight: Theta serves as the native token for the blockchain-driven video sharing platform of the same name. By enabling faster and cheaper transmission of high-definition streaming, the Theta network shows promise of becoming a central part of the entertainment ecosystem. Tesla revealed that it’s holding Bitcoin worth $1.31B. Moreover, it booked $23mm of impairments related to its Bitcoin holding in 2Q21 and did not buy or sell Bitcoins during the quarter. Goldman Sachs filed an application to offer an ETF focused on securities of cryptocurrency-related companies with the US Securities and Exchange Commission. The proposed ETF would track the Solactive Decentralized Finance and Blockchain Index. Twitter’s CEO announced that Bitcoin will be a “big part” of the company’s future. He also remarked that the company would continue to look at the space and invest aggressively in it.

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