Cointelegraph lancerer Markets Pro crypto intelligence platform, drevet af The TIE

Live beta-testen antyder, at historisk analyse af kryptomarkeder kombineret med realtidsbetingelser og investorsstemning kan være ekstremt informativ.

Cointelegraph Markets Pro , en dataplatform designet til at udjævne spillerne for markedsdeltagere i kryptokurrency, er nu tilgængelig for offentligheden efter en vellykket live testperiode.

Platformen, som har været under udvikling i et år, er resultatet af en udtømmende analyse af kryptomarkederne og de vigtigste drivkræfter for aktivprisbevægelser. Det blev udviklet i fællesskab af Cointelegraph og The TIE, en førende udbyder af kryptodata, analyse og software, der tæller store hedgefonde, market makers og over-the-counter-skriveborde blandt sine kunder.

Test af VORTECS-score

Kernen i platformen er VORTECS Score, der sammenligner de nuværende markedsforhold for over 130 kryptoaktiver med historisk lignende markedsbilleder. En proprietær algoritme analyserer disse historiske forhold og søger ensartede mønstre i markedsadfærd i de følgende dage.

„Selvom kryptomarkeder kan virke ustabile, viser volatiliteten ofte bemærkelsesværdig konsistens,“ sagde Bitcoin Revolution administrerende direktør Jay Cassano. „Mens vi alle er klar over, at tidligere præstationer ikke er et tegn på fremtidige resultater, kombinerer Markets Pro-platformen sentimentanalyse og sociale medieaktiviteter med realtidsmarkedsforhold på en måde, der giver os mulighed for at skabe meget specifikke modeller.“

„Historien forudsiger ikke, men den kan være dybt informativ.“

VORTECS beta-test leverede overbevisende resultater, ifølge Joshua Frank, administrerende direktør for The TIE.

”Vi testede hver score, der krydsede en bestemt tærskel i vores live beta-fase,” forklarede Frank. „Da VORTECS-scoren for et bestemt krypto-aktiv krydsede 70, så vi en gennemsnitlig prisstigning på 7,61% i løbet af de næste 24 timer og 25,9% i løbet af de næste syv dage.“

Frank bemærkede, at når scores, der krydsede 80-tærsklen, var aktivgevinster 8,58% i løbet af de næste 24 timer – og 28,2% i løbet af den følgende uge.

”Selvfølgelig, da de fleste kryptohandlere roterer ind i andre aktiver såsom Bitcoin, er det virkelige mål for succes under et tyremarked, hvorvidt aktiver, der krydsede disse tærskler, leverede gevinster mod hele kryptomarkedet,” fortsatte Frank.

„Og faktisk er det præcis, hvad der skete – i løbet af en uge fik 70-scorede aktiver i gennemsnit 21,3% i forhold til mønteruniverset og steg til 23,8% for aktiver, der scorede over 80.“

Análise do preço do bitcoin: Esperando uma grande mudança da BTC, fuga para $30K ou $35K em seguida?

Durante a última semana, o preço do Bitcoin perdeu aproximadamente 10% de seu valor, após uma queda da área de preços de $37K – $38K. Isto ocorre apenas duas semanas após a fixação do atual recorde de $42.000 em 8 de janeiro de 2021.

A principal moeda criptográfica encontrou suporte

Nos últimos dias, a principal moeda criptográfica encontrou suporte, mais uma vez, em torno da linha horizontal de $30K. Olhando para o quadro geral, os $30.000 tinham agora formado a linha de base de um triângulo de baixa que crypto Cash está atualmente negociando dentro e pode ser visto no gráfico diário a seguir.

Olhando para o menor período de tempo, como pode ser visto no gráfico seguinte de 4 horas, a Bitcoin está negociando dentro de um padrão triangular simétrico, e lutando para manter acima da linha de média móvel de 200 dias do período de 4 horas.

Os limites do triângulo estão a cerca de $33K do topo, $32K do fundo. O ápice do triângulo é esperado em algum momento durante as próximas horas ou dia. Nem sempre o Bitcoin aguarda o ápice para romper, de modo que uma fuga pode ocorrer a qualquer momento.

Uma vez que isso ocorra, podemos esperar um movimento significativo na direção da fuga. Além disso, o volume de comércio desvaneceu-se significativamente neste fim de semana, geralmente indicativo de um grande movimento à frente.

Suporte de Preços BTC e Níveis de Resistência a Observar

Níveis chave de apoio: $32.000, $30.760, $30.000, $29.630, $29.000.

Níveis de Resistência Chave: $33.110, $33.750, $35.000, $35.800 – $36K.

Olhando para o futuro, o primeiro nível de apoio encontra-se agora no limite inferior do triângulo simétrico de 4 horas do gráfico em torno de $32.000. Isto é seguido por $30.760 (fibra de curto prazo .786), $30.000 (base do triângulo descendente), e $29.630 (.5 Fib Retracement).

As próximas metas abaixo são $29.000, $28.500 (baixa de 1.414 Fib Extension, juntamente com a baixa semanal), e $26.000. Por outro lado, a primeira resistência está em $33.110 (Fibra .5 em baixa), junto com o ângulo superior do triângulo simétrico no seguinte gráfico de 4 horas.

Segue-se $33.750, $35.000 e $35.800 (Fibra 0,618 e borda superior do triângulo descendente). Podemos esperar que o maior nível de resistência esteja em torno da área de preço de $36K, onde se encontra o ângulo superior do triângulo descendente, como pode ser visto no gráfico diário.

Outros níveis de resistência ficam em $37.000 e $37.700 (Fibra .786 em baixa).

O RSI diário está abaixo da linha média, mas tenta subir, indicando que o ímpeto de baixa pode estar desvanecendo-se, mas não o fez a partir de agora. O RSI tentou quebrar a linha média nos gráficos de curto prazo, mas o impulso de alta não foi forte o suficiente para obter o controle do mercado.

Bitcoin boom dreigt het in puur goud te veranderen

Grote beleggers kijken naar de eens zo vluchtige cryptokringen als een hedge tegen de inflatie…

Een vrouw die langs een klein winkeltje loopt met een groot bitcoin bordje boven de deur
Een bitcoin ATM in Marseille, Frankrijk. De prijs van de digitale munt is gestegen tot meer dan 40.000 dollar. Foto: Nicolas Tucat/AFP/Getty Images
Bitcoin is terug, samen met het debat over de waarde ervan. De prijs van de digitale valuta stijgt en vorige week is deze voor het eerst meer dan 40.000 dollar waard, na een verdubbeling in minder dan een maand.

De prijs is met meer dan 700% gestegen sinds de pandemie voor het eerst werd uitgeroepen in maart vorig jaar, van ongeveer 5.000 dollar.

Maar ademloze krantenkoppen zijn niets nieuws voor de 12-jarige cryptocrisis. Bitcoin is hier al eens eerder geweest, in het vorige decennium, toen het een traan liet met een voorspelbare afloop. Parallel aan de tulpenmanie van de 17e eeuw steeg de bitcoin van net onder de $1.000 aan het begin van 2017 tot bijna $20.000 binnen 12 maanden, en crashte vervolgens binnen een paar weken in het begin van 2018 tot ongeveer $3.000.

Toen schreven de meeste mainstream investeerders, centrale bankiers en financiers het af als een gevaarlijk, anoniem instrument voor fraudeurs en terroristen, waarbij ze waarschuwden dat het een ramp was die wachtte op de onbewuste gokkers die het risico liepen te worden meegesleurd. Onder zijn grootste critici op het ogenblik, etiketteerde Jamie Dimon, de president van JPMorgan, het een ,,fraude“ die zou opblazen, vertellend een conferentie van bankiers in eind 2017: „Als je dom genoeg bent om het te kopen, zul je er op een dag de prijs voor betalen.“

Er bestaan nu meer dan 18 miljoen bitcoins, gegenereerd door „mijnwerkers“ die ook de rekenkracht leveren die aan de basis ligt van de blokketen, een digitaal grootboek dat wereldwijd door duizenden computers wordt onderhouden en dat transacties registreert die met behulp van de valuta zijn gemaakt. Het wiskundige systeem dat nieuwe bitcoins genereert – dat gedecentraliseerd is en dus geen controlerende instelling heeft zoals een centrale bank – heeft een hardwired maximum van 21 miljoen muntstukken.

In plaats van op te blazen, had iedereen die ervoor koos om te „hodlen“ – of vast te houden aan bitcoin, in het jargon van zijn legioen van online supporters – genoeg geld kunnen verdienen om zelfs Amerika’s hoogstbetaalde bankdirecteur te laten blozen. Dimon’s eigen dochter was onder de eigenaars, en e-mailde hem na zijn „domme“ opmerking om te zeggen dat ze twee bitcoins in haar bezit had. Vandaag zou dat bescheiden bedrijf meer dan 80.000 dollar waard zijn.

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Deze keer veranderen Dimon en de rest van Wall Street van toon, met een groeiend aantal grote institutionele beleggers, hedgefondsen en pensioengeldbeheerders die zich inkopen. Terwijl hij nog steeds zegt dat het „niet mijn kopje thee“ is, gaf Dimon vorige maand toe dat er „zeer slimme mensen“ bij betrokken raken.

Ooit gezien als een anti-establishment, anarchistisch project om het moderne kapitalisme omver te werpen, omvatten bitcoin kopers nu ook pijlers van de financiële elite op Wall Street en in de City, waaronder bedrijven zoals de Britse fondsmanager Ruffer.

Analisten zeggen dat drie belangrijke factoren de bitcoin-prijs bepalen. Ten eerste heeft de mediagekte rond de laatste hausse in de digitale munt speculatieve kopers aangetrokken. Ten tweede is de betrokkenheid van traditionele geldbeheerders in een rijpende markt aan het groeien. En tot slot zien grote spelers het als een bescherming tegen inflatie.

Kop en schouders schot van Jamie Dimon tegen een zwarte achtergrond…

Jamie Dimon, een oude bitcoin scepticus, heeft toegegeven dat ‚zeer slimme mensen‘ zich nu in de markt begeven. Foto: Jeenah Moon/Reuters
De verwachtingen voor een sterkere groei van de gemiddelde consumentenprijzen nemen toe, te midden van de hoop dat het coronavirusvaccin een snel economisch herstel zal aanzwengelen in een tijd waarin de centrale banken nog steeds miljarden ponden in hun economieën pompen via kwantitatieve versoepeling. Inflatie zou de waarde van „fiat“-valuta’s – geld dat door regeringen wordt gesteund – uithollen, waardoor digitale valuta’s een potentieel aantrekkelijk voorstel worden.

In het verleden hebben beleggers activa zoals goud gekocht, die worden gezien als een manier om zich te verzekeren tegen inflatie, omdat ze de neiging hebben om hun waarde vast te houden in tijden van economische stress. Deze keer beweren sommige analisten dat bitcoin kan concurreren met edele metalen als alternatief. Sinds oktober is er meer dan $3 miljard (£2,2 miljard) geïnvesteerd in de Grayscale Bitcoin Trust, een beleggingsinstrument dat de waarde van bitcoin volgt.

Analisten bij JPMorgan hebben gezegd dat bitcoins zo veel als $146.000 per stuk waard zouden kunnen zijn als ze zo gevestigd zouden worden als goud. Vergelijkend de digitale munt met het edelmetaal, zei het bitcoin met meer dan vier keer zou moeten toenemen om de $2.7tn waarde van goud aan te passen die door privé investeerders wordt bezeten. Dit zou betekenen „wat een theoretische bitcoin prijs van $146k impliceert,“ zei het. Echter, om de gepercipieerde waarde van goud – gevestigd over millennia als een ding waard het bezitten van – de munt zou moeten worden veel minder volatiel, volgens Nikolaos Panigirtzoglou, de analist die schreef het onderzoek.

Hij zei dat bitcoin nu waarschijnlijk zijn hoogtepunt voor het jaar had bereikt, en een scherpe daling zou kunnen ondergaan als het verder zou ballonvaren. „Als er iets is, dan is het speculatieve geld dat op dit moment gebeurt, de volatiliteit van de bitcoin opdrijven. In zekere zin vertraagt dat zelfs de convergentie met goud, wat de sleutel is tot de duurzaamheid van de bitcoin.

„Het zou me niet verbazen als er geen correctie plaatsvindt. Hoe groot die correctie is, hangt af van hoe ver die gaat. Als het naar 100.000 dollar gaat, denk ik dat de correctie groot zal zijn.“

$ 288,000 per Bitcoin – cryptocurrency follows 2013 bull run

The largest cryptocurrency by market cap has had a huge run in the past 12 months. The price has recovered from the annual lows in 2020 at just under $ 5,000 to over $ 40,000.

Is the rally over yet?

While some well-known analysts report that Bitcoin may suffer a setback in the short term, the general consensus is that further parabolic surges will be seen in 2021.

We already reported last week that the analyst PlanB shows in the following tweet that the current Bitcoin price (red line) is very similar to the 2013 Bull Run.

But he’s not the only one who shares this view. The trader „Grain of Salt“ published the following graph which shows that BTC is well on the way to peaking at $ 400,000 by the end of 2021.

In 2021, Bitcoin can repeat 2013. Breaking $ 100K in April, running towards $ 200K (June), 40% regression, dump in summer. Sept to Dec towards $ 400K (peak). 50% retrace in spring 2022 …

History repeats itself

The data aggregator „ecoinmetrics“ has created a model that shows the range of the previous runs after halving. The red line shows the development of the current Bitcoin rate, measured on the days after the Bitcoin halving in 2020.

One can only emphasize again and again how amazing it is that BTC ticks like clockwork and the halving is probably the most important event for Bitcoin.

So far, the cryptocurrency has failed to break the average, but if this model turns out to be correct, we could hit the $ 100,000 mark by April.

Bitcoin moves like it did in 2013

The following graphic shows the share price development in 2013 with the current one. The chart shows that the price is developing astonishingly similar to 2013. That could mean that it might actually be possible to hit a six-figure course level in a few months.

El token MKR del fabricante sube a 2 años

El token MKR del fabricante sube a 2 años de crecimiento del DeFi

Los precios de la MKR, un símbolo de gobierno basado en el Etereo, subieron a sus niveles más altos en más de dos años el miércoles.

MKR estaba cotizando a 1.068,53 dólares al cierre de la edición, con un aumento del 44% en las últimas 24 horas. Sin embargo, a principios del día se cotizaba a 1.251,14 dólares, cerca de su récord del 21 de enero de 2018 de 1.798,70 dólares.

Los analistas dijeron a CoinDesk que el reciente repunte era sólo un resultado retrasado y largamente esperado del rápido crecimiento del Crypto Bank sector de las finanzas descentralizadas (DeFi). MKR es el símbolo de gobernanza tanto para la plataforma de préstamos descentralizados de Maker como para la organización autónoma descentralizada, MakerDAO.

Yan Liberman, cofundador de Delphi Digital, una boutique de investigación y consultoría especializada en activos digitales, atribuyó la subida de los precios al fuerte aumento de la oferta en dai, el stablecoin nativo de MakerDAO.
La capitalización total del mercado del dai.

El dai se crea cuando los usuarios de la cadena de bloqueo Ethereum depositan uno de los muchos activos en el Protocolo de Creación y piden prestado contra ese activo en forma de dai. Por otro lado, el MKR da a sus titulares derechos de voto sobre el desarrollo del Protocolo de Creación y el dai.

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Cabe destacar que el sector del DeFi se está volviendo popular de nuevo con más de 21,6 mil millones de dólares de valor total bloqueados a la hora de la prensa, según los datos recogidos por DeFi Pulse.

Comparado con el „verano del DeFi“ del año pasado, cuando el precio de MKR se mantuvo „inactivo“, los fundamentos de la ficha han mejorado durante el año pasado, lo que ha llevado a la demanda de la misma, según Ryan Watkins, un analista de investigación de Messari.

„Al principio, MKR no generaba ningún ingreso por [la creciente demanda de dai] porque el interés que cobraba a los usuarios que pedían prestado dai para existir era del 0%“, dijo Watkins a CoinDesk. „Pero más tarde en el verano y a principios del otoño, Maker fue capaz de aumentar las tasas de interés, lo que llevó a MKR a generar muchos ingresos“.

Denis Vinokourov, jefe de investigación de la empresa de corretaje Bequant, con sede en Londres, dijo que la reciente aprobación de una votación ejecutiva para aumentar los techos de deuda de una variedad de bóvedas (donde un usuario deposita una garantía y genera dai) podría haber contribuido al aumento de los precios también.

Los analistas también dijeron que el repunte fue posiblemente provocado por el actual mercado alcista.

„El reciente entusiasmo en toda la industria proporcionó la receta para que [el valor de MKR] sea finalmente reconocido“, dijo Watkins.

Altseason and $30,000: 5 factors to consider on Bitcoin and altcoins

After a spectacular Christmas for HODLers, with BTC over $28,000, there are growing concerns about tighter regulation in 2021

Bitcoin (BTC) had an incredible week: it reached a new All-Time High at $28,400 and stayed very close to this level. What will happen next?

Cointelegraph presents five factors that could help us understand the direction of the market this week after a spectacular Christmas.
Gold on the rise after Trump’s stimulus approval

After approval by Congress, U.S. President Donald Trump has agreed to sign the economic aid bill to counter the impact of the coronavirus: it is a series of measures with a total of $900 billion.

The package, which will add a large amount of debt to the Federal Reserve’s balance sheets, includes various benefits for businesses, but will not provide Americans with the same level of direct financial support as provided in last March’s bill.

Initially, Trump had said he was against the proposal because of the too low amount of the grant check ($600 versus $1,200 at the beginning of the year), but he later changed his mind.

The markets thus started the new week on a positive note, with slight gains on S&P 500 futures before Wall Street opened. In addition, gold also rose substantially, with data showing that the precious metal could soon end its best year in the last decade.

Compared to the end of November, the XAU/USD pair has increased by 6.25%.

The „gold bug“ Peter Schiff, a known detractor of Bitcoin, wrote on Twitter at the same time as the bill was passed:

„As president @realDonaldTrump has only vetoed nine bills, the lowest number since Warren Harding, who served only two years as president, from 1921 to 1923.

Not since Chester Arthur (1881-1885) has a president vetoed fewer bills during a full term. You can’t drain the swamp by making it deeper.“

More regulations coming for Bitcoin?

According to some analysts, after hitting a new all-time high at Christmas, Bitcoin may soon face tighter regulations.

With a value of $28,400 and a monthly gain of 55%, Bitcoin is now in the crosshairs of regulators as its mainstream appeal is growing. Its supporters also believe that the coming year could prove to be complex.

Outgoing Treasury Secretary Steven Mnuchin sought to impose new regulations on noncustodial wallets and his replacement, Janet Yellen, is unlikely to see things differently.

Meltem Demirors, chief strategy officer at digital asset manager CoinShares, told Bloomberg on Sunday:

„In general, I think we’ve had a little more difficulty with the Democrats – they prefer more regulation, more oversight. I’m a little concerned about the direction things are going.“

As always in the U.S., the patchwork of political alliances means that an attack on one side could be mitigated by the presence of crypto-friendly figures elsewhere. The new chairman of the Securities and Exchange Commission (SEC), Elad Roisman, is very supportive of the industry’s development.

The fact that Bitcoin fell after reaching $28,400 is „very healthy“

In the face of what has happened over the past few days in Bitcoin’s spot market, Monday should be a very important day. After peaking at $28,400 on Sunday, Bitcoin has dropped slightly, as many expected.

Cointelegraph Markets analyst Michaël van de Poppe summed up the situation on social media as follows:

„Bitcoin has undergone a very healthy correction against its vertical trend. It might be the temporary top for now.

What will happen next? Consolidation, lateral price movements, less volatility. There will be room for other markets to pick up the pace. BTC pairs are doing well.“

BTC/USD pair hourly chart

Van de Poppe emphasizes the potential of altcoins. In his opinion, signs of an impending „altseason“ are already starting to show:

„After #Bitcoin finishes its run (at the moment vertical), money will flow to the coins with the largest cap. And after that to mid caps and small caps.

Altcoins are not dead, the money flow is still the same.“

‚Ahora sería billonario‘ – El primer Bitcoiner se arrepiente de haber vendido 50.000 Bitcoins antes de 2012

El precio de bitcoin se disparó recientemente más allá de los 23.000 dólares después de sacar sin esfuerzo el nivel de 20.000 dólares psicológicamente importante.

El reciente aumento significa que las tenencias de MicroStrategy se han duplicado en valor desde que la firma de inteligencia de negocios invirtió millones en la cripto-moneda en septiembre, cuando la cripto-moneda insignia todavía rondaba los 11.000 dólares.

Pero no todos los grandes inversores se han comportado como bandidos. En una serie de tweets del viernes, el primer inversor de bitcoins Martti Malmi reveló recientemente que vendió 50.000 Bitcoin Future hace más de ocho años y que esencialmente ha perdido más de 1.000 millones de dólares en ganancias. Malmi, que también es un desarrollador pionero de bitcoins, extrajo el BTC en su portátil personal en el período entre 2009 y 2010 y lo vendió antes de 2012. A los precios actuales, la misma cantidad valdría hoy en día 1.100 millones de dólares.

Sin embargo, Malmi no liquidó su gigantesco caché de BTC por nada. Pudo dejar su „aburrido“ trabajo de desarrollador de software junior y mudarse a Japón por varios meses para estudiar el idioma japonés. Mientras estaba en Japón, visitó la oficina del intercambio criptográfico del Monte Gox mucho antes de que sufriera el infame hackeo.

Malmi vendió más de 10.000 BTC en 2011 cuando el tipo de cambio de la cripto moneda alcanzó el rango de 15 a 30 dólares y usó las ganancias para comprar un bonito estudio en Helsinki con sólo 22 años de edad.

Sin embargo, si nunca hubiera vendido su viejo bitcoin, podría haber tenido mucho más. El primer desarrollador del núcleo de Bitcoin se arrepiente, pero cree que „con los primeros Bitcoiners pusimos en marcha algo más grande que la ganancia personal“.

En octubre de 2011, ofreció un premio de 1000 BTC a quien consiguiera que un gran negocio aceptara bitcoin.

Esta recompensa no fue reclamada y entonces decidió quedarse con el resto de sus propiedades de bitcoin.

Desafortunadamente, se vio obligado a vender la mayor parte de su BTC a una tasa dolorosamente baja de 5 dólares por pieza en 2012 mientras buscaba un nuevo trabajo.

A pesar de que se perdió las diez cifras de beneficios, Malmi todavía mantiene algunos de sus ahorros en bitcoin hasta ahora. „Eso no es mucho, pero aún así buenas ganancias a lo largo de los años. Feliz por el reciente desarrollo“, añadió.

Malmi ha aprendido que aunque el dinero importa, „no necesitas ser rico para llevar una vida perfectamente buena“ ya que se trata principalmente de las cosas básicas. Más importante aún, está feliz por su mayor contribución al espacio bitcoin. „No vives para siempre. Perseguir algo más grande que uno mismo da sentido a la vida“, resumió.

Bitcoin is officially in a full-blown bull run – and much more bullish than 2017

Bitcoin is now being traded well over $ 20,000 – and will in all probability never fall below five-digit values ​​again. And while the clean break above $ 20,000 is proof enough that we are in a massive bull run, the so-called Relative Strength Index broke into bull territory for the first time since 2018.

If you compare past crypto market cycles, Bitcoin is already much more bullish this time than it was back in 2017. This rally brought the crypto asset from $ 1,000 to $ 20,000.

And if things are already so bullish, could this peak be even higher than the course of the past cycle would suggest?

Beast mode: Relative strength index reaches bull market level

Today is December 17, 2020 – three full years after Bitcoin peaked in 2017 after it became known. This year alone, the leading cryptocurrency by market capitalization jumped from $ 1,000 to over $ 20,000.

It is only fitting that on the anniversary of the previous high, Bitcoin price broke the $ 20,000 mark to set a new record. And as if that signal wasn’t enough to let the world know that another bull run has begun, the asset’s Relative Strength Index is another key indicator that something magical is ahead of us.

For the first time since the bear market began, the monthly RSI is well in the bull territory. In the past cycles in the graphic below, each check mark highlights where this milestone condition was met.

The cryptocurrency is almost at one point compared to the last cycle that resulted in one of the first and only red monthly candle closings. That took place in December 2016.

December is cyclically an important month for the cryptocurrency, which acts as a major pivot point for the price action.

Bitcoin bubbles: current cycle more bullish than last, 6 months ahead

Bitcoin’s „bubble“ cycles are explained with the asset’s unique block reward mechanism and scarce supply. The idea is that, unlike gold and other commodities, Bitcoin will further reduce supply when demand increases.

The gold industry’s attempt to meet this year’s demand by increasing the supply available caused the precious metal to lose momentum. Since there can only be 21 million BTC at a time and its release into the market is controlled by a non-changeable computer code, this process cannot influence prices.

Instead, Bitcoin price rises exponentially – and the asset enters pricing until speculation exceeds utility, the bubble bursts and the cycle begins again.

Closely observing these cryptocurrency market cycles is key to predicting what bitcoin cycles to expect in the future .

The four-year intervals make these cycles reasonably predictable, and almost exactly at the right time, the bull market is back. If the cycle continues to follow the same path as it did last time, the parabolic phase and inconceivable prices are next.

However, there is one thing that worries the bulls and that is the fact that this cycle is actually more bullish than the last. Being significantly more bullish and getting ahead on the market cycle can’t be a bad thing for the cryptocurrency that has just caught the attention of billionaires around the world.

But it also points to the fact that things may be a bit excessive right now compared to the little data that is available. The above chart also shows that Bitcoin could be up to six months further than it was during the previous cycle.

ETH 2.0: performance analysis

ETH 2.0: performance analysis

Protocol specialist Viktor Bunin has published an initial analysis of ETH 2.0 performance.

The network is running smoothly, but there is room for improvement. In fact, although the participation rate is very high, between 98% and 99%, in some moments it drops by 3% or more.

In a newly launched network Bitcoin Optimizer these fluctuations are normal, but still require action to fix any bugs.

In fact, it is suspected that this problem is related to a client that sometimes has a slow transition period and therefore needs to be optimized.

The expectation is that the bugs that are emerging will be fixed in the coming months.

In fact, it must always be remembered that Beacon Chain is only phase zero of the process that will lead to the definitive launch of Ethereum 2.0, so it is still subject to improvements or optimizations.

It is important that this process is managed in the best possible way, and that field trials are used to identify and solve as many problems as possible.

Among other things, the number of ETHs immobilised on the deposit contract is still increasing, so much so that there is a queue of around 9,000 new validators who have applied to participate in the new network.

At the moment these new validators have to wait about 9 days in the queue before they can join and participate in the network, and if this situation continues in the future, Bunin estimates that by the end of 2021 more than 12 million ETHs could be staked, or almost 10% of the entire supply.

In such a scenario the staking reward rate could be around 5% per year.

In addition, 14 validators have been „cut“, generally due to an improper configuration of their infrastructure, and this has not generated instability.

ETH 2.0, positive performance for phase zero

Therefore, phase zero is proceeding at a fast pace, and since so far everything seems to have gone as planned, it would be fair to expect that the next steps can also be completed on schedule.

To tell the truth, no precise date has yet been set for the launch of phase 1, but it is estimated that it could take place during the next year. However, the faster the problems that are emerging in phase zero are resolved, the sooner the next phase can be launched.

Morgan Stanley: „Bitcoin will benefit from distrust of the financial system“

Bitcoin might even become the next global reserve currency?

Bitcoin ( BTC ) poses a significant threat to the US dollar as the world’s leading currency, according to a senior strategic analyst at the major investment bank Morgan Stanley

Ruchir Sharma, chief strategist for global developments at Morgan Stanley Investment Management, believes that the dominance of the US dollar could be overturned by the shattered confidence in the traditional financial world, with Bitcoin being the likely beneficiary.

In an article in the Financial Times on December 9, Sharma first gave a brief overview of the historical developments in the world’s leading currencies. According to this, the US dollar has held its leading position for 100 years, which is partly due to the fact that other major national currencies such as the Chinese yuan or the euro have not been able to gain enough economic confidence to replace the US dollar.

Sharma therefore sees the next challenger for the American currency in decentralized digital currencies, above all Bitcoin Bank. The market-leading crypto currency was already able to demonstrate its strength as a high-performance financial product in 2020 by quadrupling its market value since March.

In addition to the corona crisis, the driving force was, among other things, the „loose“ monetary policy of the American central bank. In this regard, Sharma explains

“The supremacy of the US dollar will come to an end when the world no longer trusts the US to pay off its debts. Money printing will continue even after the pandemic is over. Bitcon will benefit from the increasing distrust in traditional alternatives. “

The investment expert notes that Bitcoin is „making progress in replacing the US dollar as a means of payment“. The adoption of Bitcoin would steadily increase in many areas of application. „In the past few weeks, PayPal has bought Bitcoin in order to offer the cryptocurrency as a payment instrument next year,“ Sharma adds.

For this reason, he urges the US Federal Reserve to reconsider the impact of its monetary policy if it is to maintain its position of power:

“Bitcoin’s soaring could still turn out to be a speculative bubble, but even if that bubble bursts, this year’s cryptocurrency rush should serve as a warning to central banks, especially in the US. Do not believe that your traditional national currencies are the only stores of value and means of payment that people trust! „