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11TH JANUARY LATEST CRYPTO NEWS DIGITAL MAGAZINE

Jay Hatfield, chief executive of Infrastructure Capital Advisors said: “Cryptocurrencies are likely to remain under pressure as the Fed reduces its liquidity injections.” He projects Bitcoin to end below $20,000 in 2022. However, the bearish projections are not shared by all analysts.

Bloomberg Intelligence analyst Mike McGlone said in a recent analysis that Bitcoin may find support closer to $30,000 and Ether near $2,000. From there, McGlone expects both coins to start a bull run, with Bitcoin heading to $100,000 and Ether to $5,000.

Former Legg Mason fund manager and billionaire Bill Miller revealed in a recent interview with WealthTrack that direct and indirect crypto investments make up about 50% of his personal portfolio.

We had mentioned in our previous analysis that Bitcoin’s failure to rebound off the 200-day simple moving average (SMA) was a bearish sign and could lead to further downside and that is what happened.

The BTC/GBP pair plunged below the strong support at £34,031.76 on January 4. This intensified the selling and pulled the pair to the strong support at £29,000. The long tail on the day’s candlestick shows that bulls are attempting to defend the level aggressively.

If buyers push the pair above £32,353.68, the pair could pick up momentum and rally to the breakdown level at £34,031.76 which is likely to act as a strong resistance. The moving averages are on the verge of forming a death cross and the relative strength index (RSI) is near the oversold zone, indicating that bears are in command.

If the price turns down from the overhead resistance, the pair could consolidate between £29,000 and £34,031.76 for a few more days. The next leg of the downtrend could begin on a break and close below £29,000. If that happens, the pair could plummet to £26,845 and then to £21,462.10.

This negative view will invalidate if the price breaks and sustains above the moving averages.

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

Enjoy the issue!


– Fren
– Mine Network
– Bitshiba
– Onino
– Hubble Protocol
– Deepsquare

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

We had mentioned in our previous analysis that Bitcoin’s failure to rebound off the 200-day simple moving average (SMA) was a bearish sign and could lead to further downside and that is what happened.

The BTC/GBP pair plunged below the strong support at £34,031.76 on January 4. This intensified the selling and pulled the pair to the strong support at £29,000. The long tail on the day’s candlestick shows that bulls are attempting to defend the level aggressively. Read more

ETHEREUM – ETH/GBP

We had warned that if Ether broke below £2,653.66, the selling momentum could pick up and the decline could reach £2,258.36 and that is how it played out.

The bulls are attempting to defend £2,200 which could start a rebound that is likely to face resistance at the 200-day SMA. The downsloping 50-day SMA and the RSI in the oversold territory indicate that the path of least resistance is to the downside.  Read more

RIPPLE – XRP/GBP

XRP turned down from £0.64 on January 2 and plunged below the support at £0.56 on January 5. The long tail on the day’s candlestick indicates that bulls bought the dip and tried to start a recovery. Read more

CARDANO – ADA/GBP

Cardano continued its gradual decline and slipped below the support line of the descending channel on January 5. The bulls pushed the price back into the channel on January 6 but could not sustain the level.

This suggests that bears continue to sell on every minor rally. If bears sustain the price below the channel, the ADA/GBP pair could drop to £0.70.  Read more

BINANCE – BNB/GBP

Binance Coin broke and closed below the strong support at £377 on January 4, indicating that the bears had overpowered the bulls.

The selling momentum picked up and the BNB/GBP pair plunged below the 200-day SMA on January 8. A minor positive is that the bulls are attempting to defend the psychological level at £300.   Read more

Subscribe to the latest crypto news digital magazine for the latest updates about profit and loss in cryptocurrency.

Fren Social Space and Social token

Through social networks and the internet, like-minded individuals are now able to communicate, no matter where they are located. The availability of digitally native money and finance has allowed a large number of individuals to coordinate around the capital as well as communicate with each other. These networks are unbound by geographical boundaries and can be formed on a massive scale or with a smaller group of select participants.  Read more

 

Bitshiba: An Innovative Community-owned Token

Coming from the Shiba Inu & Doge Family, Bitshiba tokens are an innovative, community-owned digital currency. It is a peer-to-peer cryptocurrency and meme coin designed for community usage. It allows investors to stake, farm, and buy next-generation NFTs. Read more

 

Bitshiba: A token for the community built on DeFi!

Introducing Bitshiba

Bitshiba is a meme coin that was launched in November of 2021. It came about as an inspiration from the successes of Shiba Inu and Doge. The aim of Bitshiba is to be a community-owned coin that finds usage across multiple areas of the BSC ecosystem. It intends to rise in price and be stronger in value than these two meme coins.

As more people get to know about this coin, then its value will increase as the community also grows. This should trigger a positive price increase as no more coins are created. It has a fixed supply as all the coins have already been minted and supplied. There was no presale when launching the tokens, and no tokens have been set aside for the team. All tokens were launched on a public sale. 50% of these were set aside to provide liquidity on PancakeSwap and locked forever. The remaining 50% were destroyed. Read more

 

Fren Tokens lead the way for community tokens

What are Fren Tokens

Fren tokens are social tokens that have been developed on the Ethereum network. They were developed as social tokens, with this name being a short form of the word friends. Fren tokens act as community tokens where the community is responsible for determining the direction that the platform should take through a vote Read more

 

Associated Press to Launch NFT Marketplace on Polygon to Support Journalism

The AP is launching its own photo NFT marketplace, which will feature Pulitzer Prizewinning shots. In brief The Associated Press will launch a photo NFT marketplace on January 31. The marketplace will include Pulitzer Prizewinning photos and run on Polygon. Amid an ongoing frenzy of brands and companies entering the growing NFT industry, the Associated Press (AP) will join the fray with its own marketplace full of photo NFTs from its award-winning photojournalists.

 

Binance is embracing regulation as it eyes UAE for its next global hub

CZ is becoming a fixture in the UAE and wants to bring Binance into the country’s booming crypto scene. The world’s largest cryptocurrency exchange has had a turbulent year when it comes to regulation. With market authorities around the globe clamping down on Binance for its alleged failure to comply with local AML laws, the exchange has been on the lookout for new headquarters.

UK Lawmakers Form Crypto and Digital Assets Group to Ensure Regulation Supports Innovation

U.K. lawmakers have formed the Crypto and Digital Assets Group to ensure that new rules for the crypto industry support innovation. “We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the British parliament member who will chair the group. British Lawmakers Form Crypto and Digital Assets Group U.K. parliament members and members of the House of Lords have formed the Crypto and Digital Assets Group, the Financial Times reported Friday.

Bahrain’s Central Bank Declares Its JPM Coin Payment Test a Success

The CBB has completed a test of the JPM Coin, which allowed Bank ABC to launch real-time payment for Aluminium Bahrain (ALBA). The Central Bank of Bahrain (CBB) has successfully completed a test of JPMorgan’s JPM Coin. The latter is a digital currency designated to make payments using blockchain technology. First Tests for JPM Coin in The Region Bahrain’s central bank revealed it is committed to improving the customer experience for secure and efficient settlement services. Seeking to achieve its mission, the financial institution completed a trial of JPMorgan Chase’s JPM Coin. This is the first test of its kind for the US bank’s blockchain product in that part of the world.

PayPal Exploring Launch of Its New Stablecoin in Push for Crypto Adoption: Report

PayPal is reportedly planning to launch its own stablecoin as part of its strategy to take advantage of crypto adoption. PayPal’s senior vice president and general manager of blockchain, crypto and digital currencies, Jose Fernandez da Ponte, confirmed to Bloomberg that the payment giant is considering having its own regulated stablecoin. “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.”

Kim Kardashian, Floyd Mayweather, Paul Pierce Sued Over Ethereum Max Promotion

One investor is arguing he was unduly influenced by the social media influencers. In brief Kardashian, Mayweather and Pierce all promoted the EMAX token in some form during May and June of last year. EMAX has lost most of its value since hitting a high on May 31. If you think Ethereum is struggling, you should see the prices for Ethereum Max (EMAX), the Ethereum-based token that generated publicity last summer through endorsements from celebrities such as Kim Kardashian, boxer Floyd Mayweather, and former NBA star Paul Pierce.

Disney Moves Toward the Metaverse With Approved US Patent to Create a ‘Virtual-World Simulator’

A recently discovered patent shows the American multinational entertainment and media conglomerate, Walt Disney Company, was approved by the United States Patent and Trademark Office (USPTO) for a “virtualworld simulator” patent. The simulator is composed of a “threedimensional (3D) map of the geometry of the real-world venue.” Disney’s Virtual-World Simulator Patent Follows Bob Chapek’s Discussion About the Disney Metaverse Disney’s interest in the metaverse and blockchain technology has been showing recently as a recent patent approved at the end of December reveals the entertainment giant filed for a “virtual-world