Daily Breakdown – July 18th, 2021

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


*If you like these posts and want to get the latest daily/weekly breakdowns, don’t be shy to drop me a follow.

Bullish breakdown:

Bitcoin continues to be traded close to $32,000 a price level in which Bitcoin has been for several days now. Indeed, the virtual currency has been traded
between $30,000 and $35,000 for several weeks. (Admittedly, this deserves to be in a crabish breakdown section) [source](https://usethebitcoin.com/analyst-believes-bitcoin-could-still-hit-66k/)

– Crypto Whales Increase Bitcoin Holdings, Adding $3,210,000,000 in BTC to Portfolios Since May: Santiment. [source](https://dailyhodl.com/2021/07/18/crypto-whales-accumulate-3210000000-in-btc-since-may-crash-says-analytics-firm-santiment/)

– As for the second-largest crypto by market cap, Santiment says Ethereum (ETH) could bounce if it manages to stay above $1,800. The firm adds that Ethereum’s on-chain metrics are flashing positive signals, but it is still too early to tell if the price has bottomed out. [source](https://dailyhodl.com/2021/07/18/crypto-whales-accumulate-3210000000-in-btc-since-may-crash-says-analytics-firm-santiment/)

– 62% of the surveyed panelists believe that BTC is not in a bear market. According to these panelists, several factors such as sustained buying interest, Bitcoin’s price history, and the continued relevance of fundamentals were key indicators driving their stance. [source](https://ambcrypto.com/reasons-why-bitcoin-is-not-in-a-bear-market/)

– Bank of America Permits Selected Clients to Trade BTC Futures. [source](https://beincrypto.com/bank-of-america-permits-clients-to-trade-futures/)

– Traditional billionaires may be storming the Bitcoin market anytime soon. As was recently observed, inflation in the United States has hit a 13 year high. [source](https://zycrypto.com/u-s-inflation-at-highest-level-since-2008-and-bitcoin-just-became-more-attractive/)

– The US Securities and Exchange Commission’s (SEC) lawsuit against Ripple is taking a new turn, as a federal judge declares Ripple can depose former SEC Director of Corporation Finance William Hinman. [source](https://dailyhodl.com/2021/07/18/xrp-lawsuit-to-reach-a-crossroads-as-former-sec-director-forced-to-testify/)

– Negative Sentiment on Crypto Twitter Peaks Again: History Shows This Could Be Bullish. [source](https://cryptopotato.com/crypto–twitter-negative-sentiment-peaks-again-history-shows-this-could-be-bullish/)

– Draper Fisher Jurvetson founder Tim Draper is unfazed by the latest brutal crypto market sell-off and insists that the cryptocurrency will still reach the $250,000 mark in 2022 or early 2023. [source](https://zycrypto.com/billionaire-vc-tim-draper-sticks-to-lofty-250k-bitcoin-price-target-for-2022-despite-market-downturn/)

– Boxing legend Mike Tyson has taken crypto Twitter by storm with a question about Bitcoin and Ethereum. [source](https://u.today/mike-tyson-sparks-debate-and-bitcoin-and-ethereum)

Bearish breakdown:

– Bitcoin price struggles to gain momentum as historically low spot volumes and a strengthening dollar result in widespread indecision from most traders. [source](https://cointelegraph.com/news/historically-low-spot-volumes-and-investor-indecision-weigh-on-bitcoin-price)

– While BTC’s price continues to trade in a range of around $32,000, all eyes are on today’s largest GBTC unlocking of over 16,000 bitcoins. [source](https://cryptopotato.com/bitcoin-amid-32k-as-markets-await-gbtc-unlock-market-watch/)

– An approved Bitcoin exchange-traded fund (ETF) continues to elude the United States. This week, the U.S. Securities and Exchange Commission, or SEC, postponed its decision on Wisdom Tree’s Bitcoin ETF, looking for comments from the public on the product — something the commission has done in the past regarding Bitcoin ETF proposals. [source](https://cointelegraph.com/magazine/2021/07/17/sec-delays-etf-binance-news-sideways-btc-price-action-hodlers-digest-july11-17)

– Binance, the world’s largest crypto-exchange (by volume), has been dealing with several headwinds lately in the form of regulatory action across the globe – be it in the U.K, the U.S.A, Japan, Canada, and more recently, Italy, among other countries. In fact, amidst rising regulatory concerns, the exchange recently discontinued its newly-launched stock tokens services. [source](https://ambcrypto.com/for-binance-the-ship-may-already-have-sailed-on-this-count/)

Thanks to advice from u/cryptochief, I finally managed to include source links, as I figured that amp links may have been the reason my posts were getting removed. I’m glad you all will be able to find the articles more easily and that I will no longer need to find the author’s name each per article ha. Long live the bulls!

View Reddit by itachiwriting – View Source

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close