BitDigest May 27 · Issue #666
- Bitcoin holding at <$9,000 as crypto market seems to have temporarily settled post Halving
- Argentina targeting crypto trading to help control flow of currency out of country
- Lithuania expanding blockchain to include non-financial government applications
Technical Roundup Analysis
Technical Roundup believes the weekly chart is bearish with bitcoin falling below $9600, but is viewing daily pricing still intact with current testing support ($8600 support, $10000 resistance). Higher time frames are suggesting a test of $8000 but daily support at $8600 is the immediate barrier for price. A drop below $8600 would confirm the weekly range materializing as positioning for a bearish market .
Popcorn and a (Crypto) Movie
If you are like me and your self-imposed-quarantine period has allowed you to work through all the major Hollywood releases on Netflix, you may have discovered there are numerous documentary films available on bitcoin.
Here are three new films that come highly recommended. Unfortunately all of them require a minimal payment, but they cost less than a typical movie and popcorn and they can be watched from the safety of your home.
CryptopiaFilm (Web)(Trailer) Join the award-winning filmmakers (Bitcoin: The End of Money As We Know It) as they deep dive into the crypto ecosystem and blockchain technology to discover the work behind the “crypto utopia”: the good, the bad and the ugly of this movement and the people behind it.
Banking on Africa – The Bitcoin Revolution (Amazon Prime) (Trailer) This documentary follows the journey of Bitcoin pioneers as the continent seeks to leverage cryptocurrency to leapfrog standing world economic powers.
Crypto Rush (Vimeo) (Trailer) The story of a Russian woman who accidentally invested in a cryptocurrency mining farm and investigates the history-making hype surrounding Bitcoin.
The Headlines
Market Data
Exchange, Custody and Product News
Thoughts on the Ecosystem
Reports you may have missed
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.30% falling to $60k and ETH 1.48% approaching the low $2,300s. Aptos (APT 0.00% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 0.66% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.30% climbing back above $61,000 and SOL 0.84% moving above $145, while ETH 1.48% is lagging, trading around $2,400. Among today's outperformers is SUI 1.50% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 2.07% and QQQ 2.31% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC 0.30% briefly dropping below $62k and ETH 1.48% below $2.5k. Among altcoins, SUI 1.50% is showing...
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