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Bitcoin is vandaag licht gedaald na moeite te hebben om boven het kritieke niveau van $55K te blijven. Dit komt na een paar bullish dagen toen de primaire cryptocurrency terugkaatste van een twee weken durende downtrend, waarbij hij de dag ervoor zo laag als $47.000 raakte op Bitstamp (.5 Fib). BTC vond steun op een 3,5-maanden oude stijgende trendlijn, die zich in januari begon te vormen.

Tot dusver voegde bitcoin meer dan $8k toe aan zijn prijs en noteerde het dieptepunt van vandaag boven $55.800 voordat het werd afgewezen. Kijkend naar de 1-uurs grafiek, stuitte het op een dalende trendlijn op de korte termijn, en ondanks de recente bullishness, vormt het nog steeds een lager-hoger traject dat in het tekstboek bearish staat (op de middellange termijn).

De belangrijkste vraag is of Bitcoin Pro zijn positie kan heroveren op de 50-daags voortschrijdend gemiddelde lijn samen met de $57k horizontale steun, wat ook het lower-highs patroon zal ‚breken‘.

Eerder vandaag piekte BTC boven $55.800 op Bitstamp, maar keerde snel terug naar beneden onder het volgende belangrijke weerstandsniveau op het genoemde $55K gebied.

BTC Prijs Ondersteuning en Weerstand Levels om in de gaten te houden

Belangrijke Support Levels: $53.845, $52.500, $51.440, $50.500 – $50.000, $48.920.

Belangrijke Weerstandsniveaus: $55k – $55.390, $56.000, $57k, $58.355, $60.000.

Vooruitkijkend ligt de eerste steun op $53.845 (bearish .382 Fib). Deze wordt gevolgd door $52.500 (.382 Fib en 4-uurs MA-50 lijn), $51.440 (lange termijn .618 Fib), $50.400 (.618 Fib), $50.000, en $48.920 (.786 Fib).

Aan de andere kant ligt de eerste sterke weerstand bij $55.000 – $55.390. Dit wordt gevolgd door $56.000 (bearish .5 Fib), belangrijke weerstand van $57.000 (dagelijks MA-20 en MA-50), $58.355 (vorige ATH van midden februari), en $60.000.

De dagelijkse RSI handelt op de middellijn, wat wijst op besluiteloosheid in de markt. Hij herstelde van de meest oververkochte condities sinds maart 2020 aan het begin van de week om terug te keren naar het 50-niveau – wat aangeeft dat het vorige bearish momentum een beetje was weggeëbd.

Tre og et halvt år etter aktivering av SegWit er adopsjonen av det plassbesparende transaksjonsformatet fortsatt langt fra ideell.

I følge analysen av Mark “Murch” Erhardt fra Chaincode Labs , betaler 88% av alle Bitcoin-transaksjonsinngangene høyere avgifter enn det som er nødvendig. Erhardt baserer sin konklusjon på data som viser bare 12% av transaksjonsinngangene bruker SegWit-formatet, noe som er mindre gebyrintensivt enn transaksjoner med eldre innganger.

Erhardt mener at en avhengighet av eldre transaksjonsgebyrer holder Bitcoin Bank blokkene mindre enn de ellers kunne være, og bidrar til et tilsynelatende økende etterslep av ubekreftede transaksjoner.

En tilstoppet Bitcoin-mempool som inneholdt 107 blokker av transaksjoner på et tidspunkt i går, tjener som en påminnelse om at det er mulig å spare penger på gebyrer ved å lage mindre kostbare transaksjoner. I følge Erhardt er den enkleste måten å vedta SegWit for alle fremtidige transaksjoner.

Erhardt påpekte at det er nødvendig å bytte fra eldre til dataeffektive SegWit-transaksjoner for å minimere oppblåsthet i blockchain:

„Jo lengre mindre effektive produksjonsformater er utbredt, jo mer fremtidig blokkeringsgjeld akkumulerer vi.“

Erhardt mener at integrering av SegWit i store lommebokforsyningstjenester er lang forsinket, og bidrar til unødvendig mempool og blockchain-oppblåsthet. „Det er nesten 3,5 år siden SegWit aktiverte,“ bemerket han på slutten av en tråd om tilstanden til mempool.

„På hvilket tidspunkt er det akseptabelt å vurdere lommebøker som ikke kan sendes til innfødte SegWit-adresser utdaterte?“

Erhardt er ansatt i årevis som en lommebokutvikler for kryptovaluta før han ble ansatt hos Chaincode Labs i 2020, og er spesialist i UTXO-ledelse for kommersielle Bitcoin-lommebøker, og hjelper dem med å spare penger på forretningsrelaterte transaksjons- og vedlikeholdskostnader på en rekke måter.

SegWit-transaksjoner utgjør for tiden omtrent 51% av alle Bitcoin-transaksjoner; en statistikk som antas å vokse i størrelse etter hvert som kommersielle lommebokleverandører møter økende etterspørsel etter SegWit-adressestøtte.

Anslått minimumsavgift for inkludering i neste blokk er for øyeblikket 149 lørdag / byte, noe som tilsvarer et gebyr på $ 14,97 til en pris på $ 44,870 per BTC.

Hvordan du bruker SegWit sparer på transaksjonsgebyrer

Mens SegWit-transaksjoner teknisk sett ikke er mindre enn eldre transaksjoner, vektes komponentene i deres data forskjellig når det gjelder å inkludere dem i en blokk.

Data knyttet til vitnekomponenten i en transaksjon anses å være ikke-essensielle for en fungerende blockchain og diskonteres derfor når den totale størrelsen på en transaksjon utgjør. Dette gjør at SegWit-transaksjoner virker mindre og krever derfor mindre avgift for å behandle – de er raskere å bekrefte enn en eldre transaksjon med samme avgift

Løftet om Bitcoin forbliver intakt, fordi dets design omgår det skrøbelige menneskelige ego på måder, som ingen andre menneskelige bestræbelser nogensinde har gjort.

Det menneskelige ego er en skrøbelig ting

Det er hurtigt at bedømme, usikkert, let manipuleres, og det bliver knyttet til ting gennem identifikation. Det holder fast ved ideer og overbevisninger for enhver pris, ofte imod vores egne interesser og på trods af den virkelige verdens observationer om det modsatte. Ingen står over for en vanskeligere kamp end hvad deres eget ego skaber, og den ene ting, der truer vores overlevelse lige så meget som noget andet, er det menneskelige egos skrøbelighed. Vores bedste intentioner bliver kapret af det og baner vejen til helvede på jorden.

Det er ikke kun folkedrabsregering, der truer vores overlevelse, men det faktum, at vi falder for det. Det og vores manglende evne til at se forbi vores forskelle og finde fælles som svar på det. Egoer bliver så sammenflettede med overbevisninger og skaber en følelse af selvoppustet betydning, at debatter bliver meningsløse og tjener lidt andet end at styrke den samme identifikation, overlegenhed og splittelse.

Dette har bragt verden til et korsvej, hvor vi risikerer vores egen udryddelse gennem den perfekte anvendelse af det gamle ordsprog: del og erobre. Kun det er os, der deler os selv og efterlader menneskeheden sårbar over for at blive besejret af sin egen svaghed.

Ingen kan undslippe det. Og vi, dem i Bitcoin-samfundet, er ingen undtagelse. Se ikke længere end Roger Ver’s forsøg på at kapre Bitcoin og gemmer dig bag ideen om, at Bitcoin kan skaleres gennem en stigning i blokstørrelse alene. Eller den igangværende saga, der involverer den berygtede karakter, der hævder at være Satoshi , et krav, der oprindeligt blev støttet af Gavin Andresen, en af ​​de oprindelige Bitcoin-udviklere, på trods af alt bevis for det modsatte.

Disse mennesker udgør ikke længere en alvorlig trussel mod Bitcoin, men på forskellige tidspunkter kan de have det

På trods af at Ver og Andresen muligvis er startet med de bedste intentioner, var de trusler, de stillede over for Bitcoin, engang meget virkelige. Og der vil være andre. Se bare på den “store pest af shitcoinery. ”Og alligevel overlever Bitcoin og blomstrer på trods af utallige menneskelige egoer, der vildt svinger efter hegnene.

Selvfølgelig ser ingen på sig selv på denne måde. Vi er alle tilbøjelige til at tro, at disse tegn ikke ligner os. De har problemer. Det gør vi ikke. Men lad os være ærlige. Vi har alle saboteret noget på et eller andet tidspunkt i vores liv i kraft af at være selvcentreret. Og uanset hvor lille et problem vi tror, ​​det kan have været, kan det have været en stor ting for en anden uden os nogensinde at vide.

Selv den mest grusomme diktator mener, at han handler i en persons interesse, mens den protesterende pøbel sparker ned til paladsdørene. Og især når det gælder menneskelige styresystemer, får oppustede egoer altid og uundgåeligt det bedste ud af vores bedste intentioner.

Og det er løftet om Bitcoin. Det forbliver intakt, hvor utallige og alle andre velmenende menneskelige bestræbelser ikke kan. Fordi designet af Bitcoin omgår det skrøbelige menneskelige ego på måder, som intet andet nogensinde har.

Der er meget debat omkring decentralisering. Men måske er det aspekt af decentralisering, der betyder mest, let observerbart i os selv. Og jeg kan ikke tænke på et mere kraftfuldt eksempel end skaberen (e) af Bitcoin beslutter at være anonym og overgive deres verdensændrende opfindelse.

Ingen kan undslippe tyngden af ​​det menneskelige ego. Og i en verden præget af selvoverbærenhed, splittelse og utilfredshed gennem en næsten mirakuløs handling sikrede Satoshi, at intet ego nogensinde kunne kapre Bitcoins mission om at ændre verden.

Måske i de kommende år vil folk erkende og sætte pris på, at denne uselviskhed udgør den mest dybtgående oplysningshandling gennem hele den registrerede menneskelige historie – formørkelse som Gandhi, Jesus og Buddha. Satoshi forandrede verden, men ingen ved, hvem de er.

O rali BTC ganha força enquanto a Litecoin olha os máximos de 2019. BCH vê aumento de cashback no Square e Bancor aumenta os ganhos de DeFi com adição de Coinbase.

O Bitcoin subiu acima de $ 20k como eu previ na semana passada , e a moeda atingiu um máximo de $ 24.300 no domingo

O mercado de criptografia caiu ligeiramente na segunda-feira, com os mercados reagindo a outro surto de pânico por coronavírus na Europa.

O Bitcoin vinha subindo na semana passada, com o dólar americano continuando a ser golpeado pelo tão esperado segundo pacote de estímulo para os Estados Unidos, que deve ser aprovado ainda hoje.

O negócio é de US $ 900 bilhões, com a população recebendo um cheque de US $ 600 cada

O mercado já precificou esse negócio e o ressurgimento do vírus pânico hoje elevou o dólar em mais de 1%. Uma nova cepa de vírus encontrada no Reino Unido é considerada mais contagiosa e isso está vendo outros países proibindo viagens de voos de e para o país, com a França cortando 20% do fornecimento de alimentos ao bloquear o transporte. Outra rodada de caos nos mercados financeiros poderia ter o apoio do Bitcoin, embora a liquidação da liquidez de março tenha sido um aviso.

O BTC ignorou algumas notícias negativas na semana passada, que viram o regulador financeiro FinCEN tentando colocar suas garras no espaço da criptomoeda. Uma regra proposta pelo Departamento do Tesouro na sexta-feira poderia fazer com que os detentores de moeda digital dos EUA tenham que cumprir os requisitos de know-your-customer (KYC) para transferir seus ativos de bolsas para carteiras pessoais. Brian Armstrong, CEO da bolsa Coinbase, disse que a empresa desafiaria as regras, em um tweet compartilhado pelo fundador da Litecoin, Charlie Lee.

Bitcoin has been the clear leader in the crypto space since its introduction in 2009. Its market capitalization clearly dwarfs that of all other crypto assets.

Market data shows that Bitcoin has a market capitalization of $ 334 billion, while Ethereum is closer to $ 62 billion.

But a leading Wall Street veteran working in the field believes this could change in the years to come. He says Ethereum actually has the potential to surpass BTC’s market cap in the coming decade.

Here you can read how he came up with it.

Is Ethereum overturning Bitcoin?

Since Ethereum came within a few dozen percent of BTC’s market capitalization in 2017, the term “flippening” has become popular in the industry. This means that one coin overtakes the other and outperforms the other in terms of market capitalization.

Some Ethereum proponents believe that the cryptocurrency will eventually outperform BTC’s market cap. The idea is that because BTC has a single use case, namely being a store of wealth and a medium of exchange, Ethereum’s multi-faceted nature should bring it more acceptance over time.

Real Vision CEO Raoul Pal and a Wall Street veteran recently got behind this idea.

In an in-depth Twitter thread , he emphasizes how there are trillions and even quadrillion dollars of financial applications that can be built on top of cryptocurrencies.

Where Bitcoin will take the lead as collateral, Pal thinks Ethereum will be the layer on which transactions are processed, debts are issued, assets are tokenized, and so on and so forth:

“My guess is that BTC is a perfect layer of security, but ETH could have a larger market cap in 10 years for the reasons given above. Money and collateral are just the base layer. Everything builds on it. The store of value is security, the layer of trust and the exchange of values ​​is greater. “

To translate this into real life terms: There is an estimated M2 amount of money worth $ 19 trillion in the US today. While this sounds like a lot, there are currently trillions of dollars worth of derivatives built on this capital base.

Pal seems to imply that BTC will conquer the monetary base component of finance, while ETH could take over the derivatives and settlement level.

He’s not the only one who thinks that way

Placeholder partner Chris Burniske has indicated that this transition could happen sooner than perhaps most are aware.

The analyst comments that BTC and ETH are likely to “race” each other to a trillion dollar valuation in the coming years.

He believes Ethereum’s burgeoning DeFi economy will give him the fuel to gain relative worth versus BTC:

“In the meantime, $ ETH will be the new kid on the block for the mainstream – expect a high that comes with that realization. Given the lifetime outperformance of $ ETH versus $ BTC (see chart below), not to mention the lower network value and strong on-chain economy, I see all the reasons that $ ETHBTC will outperform ATHs. „

Bitcoin is on its way to $ 22,000, according to one analyst. He also named four factors that keep the momentum going.

Bitcoin ( BTC ) analyst and Lookintobitcoin.com founder Philip Swift cited four reasons BTC was headed for $ 22,000.

The fundamental and technical factors suggest that the top cryptocurrency is gaining momentum

The percentage of HODLers holding Bitcoin for at least a year, the decline in Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point to an ongoing BTC rally. Swift wrote :

„Is the percentage of HODLers who hold Crypto Wealth for at least a year still really high? Yes. Is Bitcoin being withdrawn from the exchanges? Yes. Is the funding rate still neutral? Yes. Institutions continue to buy? Yes. Cool, then see. Is the funding rate still neutral? Yes. Are institutions still buying? we’re down to $ 22,000 in a couple of weeks when it hits 350 DMA x 2 on the Golden Ration Multiplier. “
Since the beginning of the fourth quarter on October 1, the Bitcoin price on Binance has increased from $ 10,773 to $ 16,730.

HODLer percentage indicates investor confidence

In the Bitcoin sector, long-time BTC owners are referred to as „HODLers“. The one-year HODL wave shows that the number of investors holding BTC for over a year has increased.

Since the slump in March, the one-year HODL wave has risen from 59 percent to over 62 percent. It is now at an all-time high, which indicates a clear trend towards accumulation.

As the number of HODLers increases, it suggests that people want to buy Bitcoin and keep it for a long time. The ongoing trend could be an indication that investors expect an extended Bitcoin rally over the longer term.

Creating a list of critical vulnerabilities has the potential to lead to adverse financial consequences and puts the Ethereum network at risk, says Geth team leader Peter Silagyi.

On Friday, during a conference call, leading developers of the second most capitalised cryptographic currency raised the issue of what happened earlier this week, „an unannounced hardfork“.

On 11 November, Infura and several other Ethereum infrastructure services faced service interruptions. This caused a delay in the flow of ETH quotations and ERC-20 tokens, and some exchanges stopped withdrawing funds.

It later turned out that the interruptions were due to consensus errors in older versions of Geth’s client. Due to the fact that part of the network has not been updated to the latest version, Ethereum was split into two circuits on block 11234873.

In a comment from CoinDesk, Summa’s founder, James Prestvich, stated that it is common in open source software to give advance notice to those affected by a vulnerability. He believes that Geth representatives should have informed users about possible problems.

The head of Geth, Peter Silagyi, said that exposing vulnerabilities puts the system at risk. Such information, he said, can not only reach the attackers, but also give some projects an unjustified competitive advantage. For example, such an advantage in case of prior disclosure of a bug could be obtained by Infura representatives.

Szilagyi believes that developers should continue to follow the current approach, i.e. not to spread information about vulnerabilities. He did, however, agree that Geth should have informed users about the existence of vulnerabilities in earlier versions of the client.

The developer of Ethereum, Mika Zolto, also opposed the creation of a list of notifications about critical vulnerabilities.

In September, Ethereum co-founder Vitalik Butterin said that a potential 51% attack on the ETH 2.0 network would not be fatal.

Although Ethereum is the backbone for the rapidly growing decentralized financial ecosystem, the cryptocurrency has fared significantly worse than Bitcoin in recent weeks.

This so-called underperformance is due to the fact that its price remains below its 2020 highs, while Bitcoin Circuit review is trading at its highest level after its parabolic uptrend in 2017.

While the price development was not overtly bullish, ETH remains incredibly strong from an in-chain and fundamental perspective.

The transition to ETH 2.0 is already underway – users are sending tens of thousands of tokens to the staking contract – and the network is being used in high volumes due to the resurgent DeFi trend.

Probably one of the most bullish on-chain metrics is the small amount of Ethereum held on the exchanges – it has just hit its lowest level since 2018.

This metric at a multi-year low shows that the selling pressure to which the cryptocurrency can be exposed is limited for the time being.

Ethereum is consolidating below 2020 highs, but the outlook remains good

At the time of writing, Ethereum is trading over 3 percent higher at a current price of $ 465, which is roughly the price it was trading at in the past few days.

ETH is still below the highs of just under $ 500 in 2020, which were reached a few months ago during the high phase of DeFi mania.

However, Ethereum is well above the lows of around $ 310 set after the mania subsided and the broader market gave way.

The price hike has been surprisingly slowed lately, despite the impending release of the 2.0 network upgrade, widely viewed as a bullish catalyst.

The ETH balance on crypto exchanges is at a multi-year low

One on-chain metric that works in favor of the bulls is that the amount of Ethereum on exchanges hasn’t been that low since 2018.

Analysis company Santiment writes about it in an article and explains that only 13.35 percent of the total ETH supply is held on stock exchanges.

“The percentage of the entire ETH offering that is held on exchanges today (13.35%) has not been that low since November 23, 2018. The milestone, almost exactly two years ago, is a positive sign for the owners of #Ethereum, who in the past have benefited from keeping the supply on exchanges low. It suggests that the likelihood of large whales being sold out will remain limited … „

The news about Bitcoin and cryptomoney is in constant turmoil. It can happen that vital information gets lost in the daily news flow and you miss the important points.

This format is there to remedy this. We look back over the past week’s news in Crypto Weekly to keep you informed about the current situation of cryptomoney.

🔬 The unmistakable of the corner

This week, we will look at Thibaud Marechal’s article, in which he explores the question of Bitcoin’s status: can it be considered as a future reference reserve asset? Between recovery policies and the bitcoinisation of company reserves, nothing is left out!

The MicroStrategy Case

August 11, 2020 is an important date for Bitcoin. The King of Cryptos has been recognised as a corporate cash asset by Wall Street. MicroStrategy, a computer intelligence software company with a market valuation of $1.2 billion, announced the conversion of $250 million of cash into Bitcoin, representing 21,454 tokens.

Recently, MicroStrategy also acquired an additional 16,796 BTCs for $175 million. According to its CEO, Michael Saylor, these two purchases represent a total of $425 million for 38,250 BTCs. It is the first publicly traded company to announce bitcoin holdings on this scale. In this article, we will try to analyse what this means for corporate treasury, for public company valuations and for the indirect institutional stake in Bitcoin.

A favourable context

Now that Bitcoin has been adopted as the primary reserve asset by NASDAQ-listed MicroStrategy, other companies will be forced to look at it. In the months following MicroStrategy’s announcement, a few firms have already taken the plunge, including Square, also listed on the NASDAQ, with a valuation of more than $75 billion. The latter acquired $50 million of Bitcoins. A more or less complete list of 15 companies that have added Bitcoin to their treasury now includes more than 785,999 BTCs, which represents about 3.74% of the total supply of 21 million bitcoins, at the time of writing this article.

Following the economic slowdown caused by globalized confinement and supply chain disruptions in the first half of 2020, companies have slowed investment programmes, reduced costs and increased cash reserves to adapt to the economic uncertainty. The companies making up the Nasdaq 100 – the index of the 100 largest non-financial companies listed on the stock market – now have nearly $1 trillion in cash, or $1 trillion. US technology moguls like Microsoft, Google and Apple are accumulating more money than ever before. Despite $121 billion in cash, Google’s parent company Alphabet has raised $10 billion by issuing bonds with the lowest interest rate in history for a company. Collectively, since 2012, the Nasdaq 100 has grown from $405 billion to just under $1 trillion in cash reserves.

Read the full article to learn more: Is Bitcoin the safest reserve asset in the world?

🗞 News in brief

▶ JP Morgan turns his verse towards Bitcoin. Initially presented as a „fraud“, the bank has now classified Bitcoin as an interesting long-term investment.

▶ PoolTogether starts yield farming. In the latest online version, the protocol is evolving and now connects to different yield farming strategies to offer greater gains to its users.

▶ Société Générale has joined forces with Consensys to develop its digital euro. Thus, in addition to the Tezos blockchain, Société Générale will also explore the possibilities offered by Ethereum.

▶ Coinbase has announced the launch of a credit card for the US in 2021. Unlike the European version, it will offer 1% cashback in BTC or 4% in XLM.

▶ Singapore’s largest bank is launching a new cryptocurrency business. It has announced the launch of its own cryptoexchange and is opening up this new market to the 426 billion dollars it manages.

▶ That’s it, copytrading has finally arrived at Corner Trading! We take this opportunity to present all this to you on video.

📊 The 5 metrics of the week

➤ $24 million is the amount stolen by an attacker on the DeFi Harvest.finance protocol. Let’s take a look back at the method that enabled him to carry out this attack.

➤ 1.15 billion dollars is the record amount of a Bitcoin transfer that took place this week. A transfer that made the banks sweat because it only cost $3 in transaction fees.

➤ 17,732 is the number of Bitcoins held by MicroStrategy CEO Michael Saylor. As a reminder, MicroStrategy recently purchased more than 38,000 BTCs to „protect itself from the instability of the dollar“.

➤ 5 million is the number of UNIs that could be distributed to users of third-party applications interacting with Uniswap. This is the proposal made by the Dharma protocol, following the initial uneven distribution of UNI tokens.

➤ 2 billion dollars is the amount of bitcoins that are tokenised on the Ethereum network. This record figure comes at the same time as the explosion of the DeFi ecosystem.

✉️ Tweet of the week

The tweet of the week goes to our colleague @JohnOnChain and his surprising discovery, to say the least. The TweetStamp bot, which is supposed to time stamp tweets according to Bitcoin, is completely non-functional… an unfortunate fact that no Bitcoiner worthy of the name had ever bothered to check. „Don’t trust, verify“, you see the topo 😉