Bitcoin Moves (Maybe), Aptos Recovers, Bitboy Furious, Earnings Calls Loom and Dogechain Wagging His Tail. Welcome to another week in coding.
We’ll start with Bitcoin and the endless speculation about what hell he’s likely to do next, if anything at all.
The leading digital asset has become less volatile than both the Nasdaq and the S&P 500, it has been Reported by CNBC and others recently – the first time this has happened since 2020, apparently.
– Sven Heinrich (NorthmanTrader) October 22 2022
Is there something about to give? Is this something that happens in the end? Analysts have called for a major breakout to the upside or downside for more than a week. BTC has made some rally over the past few hours, so let’s see what some expert chart watchers have to say.
Van de Poppe is optimistic.
I think the bottom in # bitcoinalthough most believe we’ll get to $14,000 or less.
– Michael van de Poppe (@CryptoMichNL) October 23, 2022
Perhaps as is Kevin Svenson.
– Kevin Svenson (@KevinSvenson_) October 23, 2022
Meanwhile, Credible Crypto is claiming $100,000 Bitcoin in 2023. Although it expects a “blowout top” there and then a bear market that’s worse than the one we’re in right now. Jeepers.
Agreed, probably in 2025 Mythcare. First, the new ATH in 2023 – the fifth wave high burst above 100K – followed by the biggest bear market we’ve seen so far which is worse than the current market in both time and price – takes us to the 10-14K that everyone has been waiting for. BTC dollars https://t.co/bv0jvzOG2A
– CrediBULL encryption (CredibleCrypto) October 21 2022
Finally, Crypto Ed sets his eyes on a “green week ahead” and “il Capo of Crypto” sticks to the $21,000 retracement forecast, followed by a pullback dump into the $14,000-16K range.
Green week ahead, preferably first to close the current CME gap.
It is still moving higher than the green box. Now she refused exactly at this horizontal. pic.twitter.com/4Gb7DzFbjL
– Ed_NL (Crypto_Ed_NL) October 23, 2022
– il Capo Of Crypto (@CryptoCapo_) October 22 2022
Predictions, predictions and predictions. Whatever happens in the short term, there is hope Larry Leppard’s Six-Year Vision for Bitcoin play it out.
So what, though, will make up the most compelling narrative? There are a few things. The next meeting of the US Federal Reserve is on November 2. this is the question.
Another factor could be this week’s technical stock earnings calls. On Tuesday, Microsoft and Google will announce their third-quarter statuses, and Apple and Amazon will do the same on Thursday.
This is likely to have some effect on stock market sentiment. Like it or not, crypto is still closely related to the performance of tech stocks. Just something to watch out for
What’s all the fuss about Bitboy, FTX, and SBF?
Widely followed, YouTube influencer Bitboy was loudly shouting and angry on his channel recently about the head of FTX crypto exchange Sam Bankman-Fried (also known as SBF).
The beef stems in part from a tweet posted by Bankman-Fried about the possibility of FTX deleting crypto assets that it might consider securities.
Bitboy is a big supporter of not only XRP but Cardano (ADA), which he believes the FTX and SBF are trying to invalidate in the US.
🚨🚨 breaking news 🚨🚨
According to Bitboy Crypto, there is an active campaign to consider #cardano As warranty in the United States
FTX does not currently support ADA cryptocurrency and the founder of FTX has a huge influence on Congress, although FTX is not a US-based company pic.twitter.com/fihfSnZsWR
Encryption software (TheCryptoviser) October 21 2022
SBF posted a file Articles Last week he dismantled his preferred regulatory framework for the cryptocurrency industry, and that included lobbying to regulate using blacklists or ban lists – where individuals can trade freely unless they are expressly approved.
SBF’s vision hasn’t gone down well with large parts of the crypto community – enthusiasts of decentralization, decentralized finance, and a libertarian worldview.
Anyway, let’s move on to the juicy part, which is Bitboy’s hustle (including a crack at Bankless podcast host Ryan Sean Adams). You can see some of them at the bottom of this new Twitter thread from SBF, which attempts to address many of the crypto community’s concerns.
18) Although I don’t wear glasses, I’m excited to join our bespectacled brothers. It is such an honor to see the passion and strength that Bitboy considers me to be.
Perhaps one day I will feel as strong for something as he feels for me.pic.twitter.com/dZykeECOir
– SBF (SBF_FTX) October 23, 2022
In some daily price movement.
Overview of the top 10
With the total cryptocurrency market cap at $981 billion, up around 2.2% since this time yesterday, here is the current state of play among the top 10 tokens – according to Queen Gekko.
Bitcoin made a boost above $19,600 about an hour ago at the time of writing. It is heading towards the weekly close and if it can do that in green then maybe we can get some bullish momentum during the week.
Dr Jeff Ross, CEO of Vailshire Capital, wants a daily close above $21,000 before turning bullish again. Little work to achieve this at the time of writing.
Good news: I will become an optimist # bitcoin Price action (for the first time since early April) if it closes and settles above $21,000 on the daily charts.
– Dr. Jeff Ross (aka “Doctor Bear”) (VailshireCap) October 23, 2022
Other major crypto movements? Layer 1s Ethereum and Solana are the top 10 altcoin movers over the past 24 hours.
There is some excitement in the Ethereum community that ETH is on track to post its first month as a deflationary asset – 14 days in a row so far, it seems.
There are only 1,750 ETH left before Ethereum wipes out all ETH issued since The Merge
Then we go into deflation
Fasten seat belts
– sassal.eth 🦇🔊🕯️🌊 (@sassal0x) October 22 2022
🔴 Watch out! Increase the potential of Ethereum 😱# Ethereum It’s getting more deflationary, over the past week the circulating supply has fallen more than ever.
But how do you do that?
Inside the thread 🧵⬇️
– Mundo Crypto Oficial (MundoCrypto_ES) October 18 2022
Upper and lower parts: 11-100
Crossing a market cap range of between $6.9 billion and approximately $413 million in the rest of the top 100, let’s find some of the biggest gainers and losers 24 hours a day at press time. (Stats are accurate at time of publication, based on CoinGecko.com data.)
• Clayton (KLAY), (market capitalization: $575 million) + 33%
• Code XChange (TKX), (mc: 1.15 billion USD) + 20%
• Aptos (APT), (MC: 1.26 million USD) + 10%
• Casper network (CSPR), (MC: 495 million USD) + 9%
• avi (AAVE), (MC: $1.25 billion) + 8%
• series (XCN), (market capitalization: $1.25 billion) -3%
• maker (MKR), (MC: $873 million) -2%
• Quantity (QNT), (MC: 2.54 billion USD) -2%
• Hopi (HT), (MC: 1.13 billion USD) -1%
• Chili’s (CHZ), (MC: $986 million) -1%
Dogechain Pumps On Burning Proposal News
If we look a lot further down the list of market capitalization (#394 on CoinGecko’s list), we find Dogechain (DC) and a short time ago he was leading the daily pumping of all cryptocurrencies, with a profit of close to 40% over 24 hours.
It is currently up more than 250% in seven days.
What is remade?
Launched in August of this year, Dogechain is an Ethereum-compatible smart contract network built with Polygon Edge and marketed as a Dogecoin “layer 2” network (DOGE).
It is primarily about providing smart contract capabilities to the Dogecoin community and allowing users to link DOGE to the Dogechain network in order to access its applications – such as Uniswap-style AMMs (DogeSwap and DogeShrek) and possibly future NFT/GameFi offerings, among other protocols.
Shibes, the Big Burn voting proposal is ready! 🔥
Would you like the Dogechain Corporation to burn 80% of the total supply and reduce the airdrop due for Early Ships from 48 to 6 months? Yes / No ✅ ❌
Full proposal overview and vote:
– Dogechain💜 (Giving up on Tesla) (@DogechainFamily) October 22 2022
A selection of randomness and relevance that stuck with us in our morning transmitted through the Crypto Twitterverse…
Psychology is wonderful. You are given months in each bear market to get Bitcoin at a low selling price, but most of them wait for new highs at all.
– Charles Edwards (@caprioleio) October 23, 2022
More fun in Bitboy…
– Jonathan Mann (@songadaymann) October 21 2022
I’m definitely subscribed
– Ben Armstrong (@Bitboy_Crypto) October 22 2022
Coinbureau October 23, 2022
Lmaoooooooooo this is so perfect pic.twitter.com/AUWzAS8a1H
– 🇬🇧 IM 🇬🇧 (TellYourSonThis) October 23, 2022
#Mooners #Shakers #Dogechain #pumped #week #Bitcoin #Finally #Awake