Despite the slight downturn, the institutional adoption of Bitcoin continues to increase. Filings with the United States Securities and Exchange Commission show that four wealth management firms have bought shares in Grayscale’s Bitcoin Investment Trust.

A survey of about 42,000 people in 27 countries by product comparison website Finder showed a high adoption rate in Asia. Among the countries polled, Vietnam had the highest adoption rate at 41%, while India and Indonesia had a 30% adoption rate.

Several investors were hoping for a blow-off rally in the final month of the year, but the markets had other plans. Bitcoin plunged on December 4, dragging the entire crypto markets lower. The total crypto market capitalisation plunged from over $3 trillion on November 9 to about $2.4 trillion on December 6, according to Coingecko data.

The failure of the bulls to push Bitcoin above the 20-day exponential moving average (EMA) between November 29 to December 1 showed that bears are defending this level aggressively. This may have prompted selling from traders who had purchased the dip to the 100-day simple moving average (SMA). The selling intensified on a break below the 100-day SMA and the BTC/GBP pair plunged to £34,031.76. The long tail on the day’s candlestick shows that bulls aggressively purchased the dip. But a minor negative is that buyers are struggling to sustain the bullish momentum at higher levels. This indicates that demand dries up at higher levels.

The 100-day SMA, which had been acting as a strong support till now is likely to turn into a stiff resistance. If the price turns down from the 100-day SMA, the pair could retest the December 4 intraday low at £34,031.76. A break and close below this level could pull the pair to £30,000. The downsloping 20-day EMA and the relative strength index (RSI) in the negative zone indicate that bears have the upper hand.

This bearish view will invalidate on a break and close above the 20-day EMA. Lastly please check out the advancement’s happening in the cryptocurrency world.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!


– Giving to Services
– Quizarena
– Solidus
– Candao
– Degethal

– Mirai
– Fren
– Beatbind
– Funganomics



The failure of the bulls to push Bitcoin above the 20-day exponential moving average (EMA) between November 29 to December 1 showed that bears are defending this level aggressively.

This may have prompted selling from traders who had purchased the dip to the 100-day simple moving average (SMA). The selling intensified on a break below the 100-day SMA and the BTC/GBP pair plunged to £34,031.76. Read more


Ether is range-bound between £2,932.90 and £3,607.44. Although bears pulled the price below the support of the range and the 100-day SMA on December 4, they could not sustain the lower levels as seen from the long tail on the day’s candlestick.  Read more


We had suggested in our previous analysis that if XRP turns down from the 20-day EMA, it could plummet to psychological support at £0.50 and that is what happened.

The XRP/GBP pair turned down from the 20-day EMA on November 30 and dipped below £0.50 on December 4. A minor positive is that bulls purchased the dip aggressively as seen from the long tail on the day’s candlestick. Read more


Cardano continues to be in a strong downtrend. The bulls attempted a relief rally from the support line of the descending channel on November 28 but the recovery stalled at the 20-day EMA. Read more


Binance Coin turned down from the overhead resistance at £493.20 on December 1. This could have prompted profit-booking from short-term traders, which pulled the price below the 20-day EMA.   Read more

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Giving To Services: Improve Pension Markets With Blockchain Technology!

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Bitcoin tumbles below $47K wiping out October gains — Bear market begins?

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Bitcoin Market Dominance Sinks Over Weekend As Ethereum’s Grows

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Exchange Giant FTX Releases 10 Proposals for Crypto Market Regulators

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El Salvador at it again, Nayib Bukele announces purchase of 150 Bitcoin

While the entire cryptocurrency industry is reeling under a massive dip, President of El Salvador once again managed to find the silver lining in this storm. Earlier today, Nayib Bukele announced on Twitter that the island country had once again bought the dip as Bitcoin continued on its downward spiral.

What Ethereum 2.0 Looks Like As Vitalik Buterin Celebrates Its Birthday

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Ethereum Rival Terra (LUNA) May Be Gearing Up for Explosive Rally, According to Coin Bureau – Here’s the New Target

The host of the popular crypto channel Coin Bureau says an Ethereum (ETH) rival might pull off a 50% rally soon, and that the worst of Bitcoin’s (BTC) correction is probably behind us. In a new video, pseudonymous crypto analyst Guy tells his 1.7 million YouTube subscribers that he’s got his eye on open-source blockchain payment platform Terra (LUNA).

Gemini to Allow Crypto Trading in Colombia Under Government- Sponsored Pilot Program

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