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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (171151)	4/30/2021 5:50:32 PM
From: TobagoJack	1 Recommendation Recommended By Cogito Ergo Sum Respond to of 217593

Intermission is over, set down your drinks, and get back into the theater, the show to 115K by end-Summer (+/- a few weeks) is about to start themarketperiodical.com per Pantera stock & flow blog.panteracapital.com Should the model work again, 500,000 almost a sure thing. And if not, a lot of scared people on both bull and bear sides, as we go into no-map terrain. Funnnnnn. bloomberg.com Bitcoin Rises to Two-Week High After Breaking Technical Barrier Vildana Hajric May 1, 2021, 12:40 AM GMT+8 Bitcoin surged to its highest levels since mid-April after surpassing a closely-watched technical hurdle. The digital token climbed above its average price over the past 50 days, a measure of its short-term momentum. For chart watchers, that had been an important level -- such a move usually portends further gains. Many analysts will now look to see if it can sustainably stay above it. Earlier: Bitcoin Is at Technical Inflection Point Amid Recent Selloff Trading in the world’s largest digital asset has been choppy in recent weeks after it hit a record high in mid-April above $64,000. It’s come down since then amid sessions that have clocked large intraday swings. On Friday, Bitcoin was up about 7.6% to $57,006 as of 12:29 p.m. in New York. What's moving marketsStart your day with the 5 Things newsletter. But despite recent turbulence, interest in cryptocurrencies has skyrocketed amid Bitcoin’s trek to all-time highs. A growing number of traditional Wall Street firms have warmed to it and it’s received endorsements from celebrities like Elon Musk. Assets in digital-asset products listed globally, including ETFs and ETPs, reached $9 billion at the end of the first quarter, a record high, according to ETFGI. “If you make an investment today or you make an investment in early December, like we did, you have to expect multiple 20% to 30% pullbacks in the bull-market phase,” Troy Gayeski of Skybridge Capital said this week on Bloomberg TV. “But that being said, I mean, the combination of extraordinary supply growth, we still think we’re in the early innings of the adoption cycle.” Mike McGlone of Bloomberg Intelligence agrees that adoption is in its early days and says Bitcoin appears to be the right fit for today’s rapidly changing digital world. He sees catalysts that could take it to $100,000. “Diminishing supply juxtaposed with historically low interest rates and the substantial amount of money being pumped into the system is a solid foundation for Bitcoin price appreciation, if the rules of economics apply,” he wrote in a note. — With assistance by Kenneth Sexton Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Cogito Ergo Sum who wrote (171151)	4/30/2021 8:02:45 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217593

Warms the heart, that ETH has a shot to 150K But not before BTC does, and that suggest we might be able to smooth-flip from one to the other A delicate operation, but should be doable drive.google.com

To: Cogito Ergo Sum who wrote (171151)	4/30/2021 8:54:21 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217593

suggest you get some casper, the demure ethereum-killer that stands a chance

To: Cogito Ergo Sum who wrote (171151)	5/1/2021 8:37:00 PM
From: TobagoJack	Respond to of 217593

Eating the world ... bloomberg.com Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks Olga Kharif 1 May 2021, 19:15 GMT+8 Tether, the crypto stablecoin backed one-for-one by fiat currencies, surpassed $50 billion in circulation, a sum that’s more than the insured deposits at all but 44 of the thousands of U.S. banks. It’s a remarkable milestone for a token that enjoys wide use as a method of payment in the crypto ecosystem, even as the eponymous private company behind it has endured regulatory scrutiny for its opacity on where it holds the enormous sum of reserves that back the token. Tether is set to release the first quarterly statement on its reserves to the New York Attorney General this month. The disclosure is part of a settlement of a long-running dispute with state regulators over whether it actually has the reserves, but it is unclear whether investors will get a glimpse at it. Not that Tether investors seem to care either way. The token’s popularity has only grown amid the legal hubbub, as it became the most traded cryptocurrency in the world, exceeding even the volume of market leader Bitcoin. Traders and speculators use it as a conduit to conduct transactions on crypto-only exchanges such as Binance and to park assets to avoid the sector’s extreme price volatility. What's moving marketsStart your day with the 5 Things newsletter. “At those offshore exchanges Tether is the main collateral and margin type,” said Nic Carter, co-founder of researcher Coin Metrics. “Exchange volumes are way up and Binance volume is way up. For traders to get access to these crypto-only exchanges they often prefer a stablecoin like Tether. You can think of the supply of Tether as a transparent proxy for the balance sheet of both the crypto-only exchanges as well as the funds trading crypto on those exchanges.” Tether's Market Cap Skyrockets In U.S. dollars Source: CoinMarketCap.com About 66% of Bitcoin is bought using Tether, according to data tracker CryptoCompare. And Tether’s use is likely to expand since Coinbase Global Inc., the largest U.S. crypto exchange, is planning to allow trading of the stablecoin on its Coinbase Pro platform. The quarterly report will be released to New York in May, according to Stuart Hoegner, general counsel for the crypto exchange Bitfinex and Tether. The companies, which are based primarily in the British Virgin Islands, settled without admitting or denying any wrongdoing. When the settlement was announced, New York Attorney General Letitia James said “Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines. Tether’s claims that its virtual currency as fully backed by U.S. dollars at all times was a lie.” The cryptosphere saw few ripples in the wake of the settlement, with the amount of Tether created continuing to surge after the announcement. Market participants anticipate a similar reaction no matter what that quarterly report reveals. “The fact that Coinbase added it tells you everything you need to know,” said Kyle Samani, co-founder of Multicoin Capital. — With assistance by Shahien Nasiripour Before it's here, it's on the Bloomberg Terminal. LEARN MORE