El efecto Tesla se desvanece mientras el Bitcoin y los mercados de criptomonedas caen

Los inversores se alejan de los activos de crecimiento como el Bitcoin y las acciones tecnológicas en favor de los sectores que probablemente se beneficien de la subida de los tipos de interés y de la recuperación del COVID.

  • El bitcoin cayó más de un 5% durante la noche.
  • Los mercados de criptomonedas en general están experimentando un repunte en la actividad comercial, ya que los operadores parecen dirigirse a otros activos.
  • La continua postura de la Reserva Federal sobre el aumento de los tipos de interés de los bonos está teniendo un impacto negativo en los valores de crecimiento.

Tesla no sólo aceptaba Bitcoin como forma de pago

Ayer, los mercados se dispararon con la noticia de que Tesla no sólo aceptaba Bitcoin como forma de pago, sino que mantendría la moneda en lugar de convertirla en efectivo. Hoy la noticia parece estar a una edad de distancia, ya que los mercados continuaron su caída desde el fin de semana.

La capitalización bursátil mundial se ha visto afectada por la caída de los precios, con un descenso del 4,8% hasta los 1,6 billones de dólares. El aumento del volumen de operaciones de ayer -un 26%- fue probablemente un indicador de que los operadores se retiraron para evitar más pérdidas.

El bitcoin cayó un 4,8% y apenas se mantuvo en los 53.000 dólares, alcanzando un mínimo de dos semanas. La moneda ha acumulado su mayor racha de pérdidas desde diciembre.  Ethereum también recibió una paliza, con una caída de casi el 7%, ya que su precio volvió a caer en el rango de los 1.500 dólares.

El panorama fue sombrío en todos los segmentos del mercado, y sólo HEX registró ganancias durante la noche. Las pérdidas fueron considerables en las empresas de mediana capitalización: Ripple perdió un 10%, Polkadot un 13% y Uniswap un 13%.

Incluso Theta Token, que había irrumpido en el top 10 de las criptodivisas más importantes, no pudo resistirse a la caída del mercado, cayendo un 20% durante la noche.

Los valores tecnológicos y el Bitcoin

La caída coincidió con el testimonio del presidente de la Fed, Jerome Powell, ante el Comité Bancario del Senado. Todas las miradas estaban puestas en las crecientes cifras de rendimiento de los bonos que han estado asustando a los mercados: Un aumento de la tasa de rendimiento de los bonos es un indicador de un aumento de la inflación y, potencialmente, de los tipos de interés que podría sofocar la recuperación de la COVID.

Powell se reafirmó en su postura de que la Reserva Federal no intervendría, añadiendo que la subida de los tipos de rendimiento era fruto del optimismo en la recuperación, más que del temor a un sobrecalentamiento.

El Bitcoin, junto con el Nasdaq, reaccionó de forma similar a la noticia. El mercado centrado en la tecnología cayó un 2%, y el mercado más amplio registró pérdidas consecutivas en la sesión. ¿La razón?

Los operadores están apartando el dinero de algunas de las partes más especulativas del mercado, los denominados valores de crecimiento -los valores tecnológicos y el Bitcoin-, hacia los sectores que probablemente se beneficien tanto de la recuperación del COVID como de las mayores tasas de rendimiento.

A medida que se acerca el final del trimestre, las empresas financieras, los negocios industriales y las compañías energéticas han tenido un rendimiento superior, ya que la subida de los tipos de interés, el aumento del gasto en infraestructuras y el incremento de la demanda de viajes están haciendo que los operadores se alejen de los activos con mejor rendimiento de 2020 en busca de nuevo crecimiento. Las megaempresas tecnológicas, como Apple y Google, han tenido un rendimiento inferior al del trimestre pasado.

A medida que el mercado de valores presenta más opciones de crecimiento, es probable que el Bitcoin y las criptomonedas sean más espumosos en las próximas semanas, ya que la marea de dinero que se volcó en las criptomonedas el año pasado desde Wall Street se reducirá a un goteo en los próximos meses.

Bitcoin putoaa 45 000 dollariin jatkoa 20%: n BTC-hintojen kaatumiseen

Epäonnistunut palautuminen yli 50 000 dollaria näyttää kääntävän tason takaisin vastarintaan, kun 47 000 dollarista tulee uusi hintapainopiste.

Bitcoin Future jatkoi tappioita 23. helmikuuta, koska myyntipaine vei markkinat alle 47 000 dollarin ensimmäistä kertaa yli viikossa.

Tuore sukellus vie BTC / USD: n 8 päivän matalaan

Tiedot Cointelegraph Markkinat ja TradingView maalasi synkän kuvan sonnien tiistaina kuin BTC / USD osuma alamäet $ 45000 on Bitstamp.

Tappiot kääntävät reboundin, joka pysäytti maanantain 20%: n hintakriisin kaikkien aikojen korkeimmilta, lähellä $ 58,000. Bitcoin palautui 47400 dollariin päivällä palatakseen 54000 dollariin ennen kuin uusi pulahdus tarttui.

Kirjoitushetkellä 47 000 dollaria toimi jälleen jonkinlaisena tuen painopisteenä, ja rata oli edelleen epäselvä keskellä voimakasta volatiliteettia.

Osto- ja myyntiasemien analyysi tuotti vähän toivoa tappioiden syntymisestä, jos taso epäonnistui, ja tuesta puuttui alle 46 500 dollaria.

50 000 dollaria asetettiin jälleen vastarinnaksi

Analyytikoiden mielestä edes mahdollisuus vakavampaan retracementiin ei ollut mitään pelättävää. Aikaisempiin hintalaskelmiin verrattuna nykyinen hinta oli pisara meressä.

„Olemme kokeneet vuosien 2018 ja 2019. Tämä ei ole mitään“, Cointelegraph Marketsin analyytikko Michaël van de Poppe tiivisti Twitter-seuraajille.

Mukana tulevassa YouTube-päivityksessä hän ennustaa, että karhujen tulisi tarttua, Bitcoin voisi olla klassisen käyttäytymisen maaliskuussa, joka perinteisesti näkee korjauksia.

„Lähestymme pomppia alueen Bitcoin. Luulen, että olemme lähellä nyt“ vielä tweet lisätty .

„Vastusvyöhyke on 48 500 dollaria ja 51 000 dollaria.“

Kuten Cointelegraph kertoi , laskusuhdetta selittävät teoriat vaihtelevat valaiden myynneistä luonnollisiin markkinakiertoihin.

Historian who „predicts bubbles“ says Bitcoin has value based on faith that someone will buy more expensive

For the legendary investor, the real value of Bitcoin is „null“.

Jeremy Grantham is one of the best known investors in the world, having a well respected opinion regarding the financial market. In a recent interview with Bloomberg he demonstrated that he is not a big fan of Profit Revolution stating that the currency is completely based on faith and that its real value is „null“.

The investor is a very important name in the financial market, being a historian of big bubbles. He is recognized as an investor with high knowledge in different stock and commodity markets, one of the great highlights of his career is how he predicted different financial bubbles in recent decades.

He is also co-founder of GMO, one of the largest asset and investment management companies in the world.

Curiously, he is also a critic of how the government deals with financial crises, but still does not seem to have liked Bitcoin as a second option.

„Bitcoin’s value is in the ‚bigger fool'“.

In his commentary, presented in a short video on Bloomberg’s website, Grantham was asked if he saw any future in Bitcoin with the growing number of investors that are coming to the market with the new price high that the asset has presented since the beginning of 2021.

Grantham said that it is not difficult to understand the real value of Bitcoin, as it is „Nil“ (null, in radio communication language). The value of Bitcoin does not exist because, for the investor, it is completely based on the „faith“ that someone will buy his currency in the future, since it has no intrinsic value.

„What is the current value of the Bitcoin dividends? I can answer that, you don’t have to be an awarded mathematician to answer. It’s Nil. He will never pay you a dividend. The whole value is in the ‚bigger fool‘, Bitcoin can be worth $1 million if you find someone to pay. Bitcoin is 100% faith“.

So for the investor there is not much hope for the currency in the next phases of the market, since such ‚faith‘ that he believes moves the price of the currency is losing strength.

„In the next phase of the market, where faith is at its minimum, what do you think will happen with an action that all reason to exist is faith and nothing but faith in the action?“

And the government’s money?

It’s obvious that Grantham doesn’t appreciate Bitcoin like many other investors. However, his argument can be considered wrong by many.

Bitcoin has its intrinsic value based on its programmed scarcity and its main use remains an alternative to the traditional financial system.

Grantham has become a billionaire investment in a system that, for years, was exclusive and limited to a portion of the population that Bitcoin reaches much more easily.

Not only that, but Bitcoin was born as a way to escape from the trust money, which is controlled by the government, and this is truly based on faith.

Jack Dorsey er ikke fan af nye Crypto-regler

Jack Dorsey , administrerende direktør for både Square og Twitter, er ikke fan af nogen indgående cryptocurrency-regler .

Jack Dorsey er ikke til fordel for nye Crypto-regler

Dette er fornuftigt i betragtning af Square, et af hans firmaer, der for nylig købte omkring $ 50 millioner dollars i bitcoin for et par måneder siden for at blive en af ​​de første institutionelle virksomheder, der åbent støttede bitcoin og havde en så stor andel i den. Det er sandsynligt, at Dorsey ikke ønsker et hit for dette køb.

I et åbent ord til Financial Network Enforcement Network (FinCEN) ser det ud til, at Dorsey baser disse nyfundne regler i betragtning af at de potentielt skader folks privatliv, og at de i sidste ende ville gøre økonomisk retshåndhævelse vanskeligere på lang sigt.

De regler, han henviser til, blev oprindeligt introduceret omkring juletid . De foreslår, at enhver, der deltager i en kryptotransaktion til en værdi af omkring $ 3.000 eller mere, får deres identitet – inklusive deres navne og adresser – forelagt lovgivere, så de kan undersøges korrekt. Ideen er at sikre, at ingen kryptokriminalitet finder sted, og hvis den sker, vil dette potentielt gøre det lettere at finde og undersøge.

Dorsey er imod dette og hævder i sit brev:

Blev forslaget implementeret som skrevet, ville Square være forpligtet til at indsamle upålidelige data om personer, der ikke har tilmeldt sig vores service eller tilmeldt sig kunder.

Han forklarede yderligere, at reglerne ikke gør noget for at stoppe traditionelle økonomiske forbrydelser og i stedet tager unødvendigt sigte på dem, der er involveret i kryptotransaktioner:

Uoverensstemmelsen mellem behandlingen af ​​kontanter og kryptokurrency under FinCENs forslag vil hæmme vedtagelsen af ​​kryptokurrency og invadere privatlivets fred for privatpersoner … Hvis en firkantet kundes mor giver sin datter $ 4.000 i fysiske kontanter, og datteren indbetaler disse midler i en bank, ville banken ingen forpligtelse til at indsamle oplysninger om kundens mor. I henhold til forslaget, hvis denne samme transaktion blev gennemført i kryptokurrency, ville banken være nødt til at nå ud over sit kundeforhold og trænge ind på moderens private oplysninger for at datteren med held kunne deponere og frit få adgang til hendes gave.

Det virkelige problem her i Dorseys sind er, at det ville sende retshåndhævende agenter på adskillige vildgåsjagter for enkeltpersoner, der ikke har gjort noget galt, og han frygter, at mange mennesker som et middel til at forhindre deres privatliv i at blive invaderet i sidste ende ville henvende sig til uregulerede kanaler for at undslippe afsløring, hvilket potentielt kan sætte dem i reel fare fra andre kriminelle i fremtiden.

Han nævnte yderligere:

Selvom det ville være meningsløst for FinCEN at indføre regler, der ville resultere i mindre synlighed af de aktiviteter, det søger at overvåge, er det nøjagtigt, hvad forslaget ville gøre … Som skrevet vil disse regler kun resultere i at undergrave de angivne mål for forslaget.

Crypto coin users donated 400,000 dollars for the defense of Julian Assange while the president of Mexico offers asylum

A U.K. judge ruled against the extradition of the WikiLeaks founder to the U.S. in response to his legal team arguing that he would be „at high risk of severe depression leading to suicide.

Amidst much speculation on social networks that U.S. President Donald Trump might still pardon Julian Assange before leaving the White House, lawyers are preparing WikiLeaks‘ founder for many possible legal outcomes as crypto coin users open their wallets.

According to Twitter user Whale Alert, users donated a considerable amount of Bitcoin (BTC) for the legal defense of WikiLeaks and Assange in the last week. Yesterday, someone sent 8.48 BTC, approximately USD 280,000 at the time of this story’s publication, to help the founder of WikiLeaks, while another user donated 4.51 BTC last Wednesday, a transaction worth USD 125,000.

A donation of 8.48 BTC (USD 281,195) was made to the WikiLeaks donation wallet!

The funds come as Assange’s legal status in the UK remains uncertain. On Monday, District Judge Vanessa Baraitser ruled that WikiLeaks‘ founder will not be extradited to the United States. Assange is currently in a UK prison, but could face charges of violating the 1917 Espionage Act related to documents provided by intelligence analyst Chelsea Manning if he is extradited to the United States. At the time of publication of this article, he has not been released.

The ruling appeared to agree with the argument of Assange’s legal team that the founder of WikiLeaks has experienced a „deterioration in his mental health“ due to the impending charges. The lawyers claimed that any extradition to the United States would put him at „high risk of severe depression leading to suicide.

In response to the ruling, Mexican President Andres Manuel Lopez Obrador has said he is willing to offer Assange asylum. According to a Reuters report, Lopez Obrador is in favor of pardoning the founder of WikiLeaks, referring to him as a journalist in need of protection.

„I am going to ask the Minister of Foreign Affairs […] to ask the UK government about the possibility of releasing Mr. Assange and for Mexico to offer political asylum,“ the Mexican president said.

Before the decision was made public, some high-profile crypt-money users had expressed their support for Assange, including pressuring Trump to grant Assange a federal pardon before he leaves office on January 20. On Sunday, Blockstream CEO Adam Back implied that Assange should be released given his role as a journalist:

„Julian is a journalist. It’s done. Uncomfortable exposure for embezzlement. It’s like in countries where journalists are missing, but the two of them faced the Western variant of the establishment that doesn’t represent the will of the public, and is a selfish and dishonest tactical war machine.“

Unconfirmed rumors have circulated on social networks that Trump is considering pardoning Assange, along with Silk Road founder Ross Ulbricht and whistleblower Edward Snowden. However, with only 16 days left in the White House, the U.S. President’s window of opportunity for granting pardons or clemency is closing.

Ethereum cracks US$1,000 on way to all-time high

Ethereum (ETH) cracks US$1,000 on way to all-time high

Ethereum is taking off and is making great strides towards an all-time high. The upward trend is being driven by a host of different indicators.

Bitcoin is not the only cryptocurrency to have made a considerable leap in recent weeks. In the slipstream of the largest cryptocurrency, Ethereum has also steadily gained ground Bitcoin Profit and on Monday night broke through the 1,000 US dollar mark for the first time in almost two years with a daily increase of 29 per cent. In a weekly comparison, the Ether price recorded a plus of 65 per cent and rose to 1,044 US dollars at the editorial deadline.

Ethereum price in the weekly chart

The rapid price explosion is illustrated particularly clearly by the recent sharp rise in market capitalisation. In the last 24 hours alone, the market capitalisation of Ethereum has risen by 40 percent from 88 to currently 125 billion US dollars. At its peak, the total value of all Ether was 132 billion US dollars in the early hours of the morning, according to Tradingview, and thus only 8 billion US dollars below the all-time high of January 2018.

Ethereum is thus seamlessly continuing the upward trend of recent months. To put this into perspective: exactly one year ago, the Ether price stood at around 133 US dollars. Within one year, Ethereum has thus gained almost 1,000 US dollars in value.

Ethereum pulls altcoins along

The upswing in the crypto market is currently particularly evident in the altcoins. While Bitcoin is taking a breather, the majority of the altcoins can clearly increase in value. The top 10 largest cryptocurrencies have posted weekly price gains ranging from 26 per cent for the „tail light“ Chainlink (LINK) to 98 per cent for Polkadot (DOT). Only the Ripple coin XRP continues to struggle with considerable price losses and slips by 15 percent in a weekly comparison.

The fact that XRP has come into the crosshairs of the Securities and Exchange Commission (SEC) could play into Ethereum’s favour at the moment. When it became known in mid-December that the US Securities and Exchange Commission had charged Ripple with issuing unregistered securities, the XRP price took a nosedive. The market capitalisation of the (still) fourth largest cryptocurrency has since collapsed by 15 billion US dollars to currently 10 billion US dollars. The Ether market capitalisation has risen by 50 billion US dollars in the same period. It is not unlikely that investors will switch their investments in view of the approaching XRP collapse and sell their XRP holdings in favour of Ether purchases. Thus, XRP could soon be caught up by its direct pursuers Litecoin (LTC) and Polkadot (DOT) and eventually relegated to the back ranks of the top 10 coins.

Watch out, the big ones are coming

Moreover, Ethereum, like Bitcoin, is benefiting from an influx of institutional investors. Since the world’s largest futures exchange, the Chicago Mercantile Exchange (CME), announced in December that it would launch futures on Ether from February this year, the second-largest cryptocurrency has been on a steep growth curve. With the influx of professional investors, big money is finally finding its way to Ethereum and could turn out to be a price driver in the coming months.

But it is not only big money that could lead Ethereum to new shores. Last but not least, more and more integrations in decentralised financial applications (DeFi) ensure a persistently high demand for Ether. As the following chart from Glassnode shows, around 16 percent of the total Ether supply is currently integrated into smart contracts, and the trend is rising.

¡Cierra, pero no el cigarro! Aquí están las peores predicciones de precios de Bitcoin para el 2020

Estas predicciones de precios de Bitcoin para el 2020 demuestran que predecir el valor de BTC es tan inútil como escoger números de lotería.

A los expertos y analistas criptográficos les encanta emitir predicciones de precios de Bitcoin Trader sin importar lo volátil que sea la clase de activo.

En 2017, hubo peticiones para que el precio de BTC alcanzara los 35.000 a 50.000 dólares y, por supuesto, algunos valientes predijeron que el precio superaría el millón de dólares antes de corregirlo.

Nadie olvidará cómo John McAfee prometió infamemente masticar sus genitales si el precio de BTC no llegaba al millón de dólares en 2020.

Mientras que algunas de estas elevadas estimaciones se basan en fundamentos, otras son totalmente infundadas. Independientemente de los fundamentos del analista, un puñado de ellos están tan alejados de la realidad que se han convertido en memes.

Revisemos las más escandalosas predicciones de precios de Bitcoin para el 2020.

„Adivinación“ atrae la atención porque nadie las sigue

Adivinar el precio futuro de las criptodivisas está tan arraigado en la comunidad que muchos analistas ni siquiera consideran evaluar su eficacia. Mantenerse al día con el flujo interminable de predicciones emitidas en blogs, podcasts, Twitter y YouTube es casi imposible. Imagina la dificultad y la energía que se necesitaría para que una persona siguiera todas estas suposiciones al azar.

Para complicar aún más las cosas, algunas de estas predicciones provienen de conocidos atacantes de Bitcoin, como el famoso bicho de oro Peter Schiff, y el profesor de la Escuela de Negocios Stern de la Universidad de Nueva York, Nouriel Roubini. Así, en algunos casos, las credenciales personales a veces importan menos que los modelos analíticos de trabajo.

Un mes antes de la caída del 12 de marzo, que vio caer el precio de Bitcoin un 50% hasta los 3.750 dólares, PlanB, el creador del modelo stock-to-flow declaró que Bitcoin no volvería por debajo de los 8.200 dólares. En ese momento, nadie esperaba que el índice de acciones Dow Jones se enfrentara a su caída más significativa desde 1987, ni que el contrato de futuros de petróleo del WTI cayera a 40 dólares negativos.

A pesar de la descabellada afirmación, PlanB no será nominado para las peores predicciones de 2020 porque casi nadie esperaba que la pandemia del coronavirus impactara en los mercados de una manera que causara estragos absolutos. Además, el famoso chartista Peter Brandt también cometió el mismo error cuando dijo que BTC nunca volvería a revisar el nivel de menos de 6.000 dólares en enero.

El modelo cuántico de CryptoWhale pide 24.000 dólares BTC a mediados de 2022

El 2 de junio de 2020, el analista de Twitter CryptoWhale reveló un nuevo modelo „cuántico“ que predeciría el precio de Bitcoin. De acuerdo con CryptoWhale, el modelo había „predicho efectivamente cada movimiento importante desde 2018“.

Las cosas no podían haber empeorado ya que el modelo predecía tanto un fondo de 2.000 dólares en 2020 como una „corrida de toro apropiada hasta 24.000 dólares“ sólo a mediados de 2022. De alguna manera, las partículas cuánticas, moléculas y átomos que se suponía que lo harían más preciso eran, de hecho, pura blasfemia.

Dos lecciones que pueden ser tomadas del „modelo cuántico“ son: (1) Tener una tonelada de seguidores en las redes sociales no se traduce necesariamente en mejores estimaciones de precios, y (2) los modelos complejos son propensos a los mismos errores que los humanos. Evaluar una nueva clase de activos durante un período de desesperada flexibilización monetaria del banco central no es nada fácil.
Ross Ulbricht predice que nueve meses de bajada después del Jueves Negro

En abril, Ross Ulbricht, el fundador del ya desaparecido mercado de la oscuridad de la Ruta de la Seda, escribió que la volatilidad de Bitcoin – en particular el baño de sangre del 12 de marzo – probablemente llevaría a un mercado bajista, que podría durar de tres a nueve meses. En ese momento, Bitcoin había estado rondando los 7.000 dólares y claramente seguía afectado por la reciente corrección intradía del 50%.

Precisamente 17 días después de esa entrada en el blog, BTC se disparó más del 30% hasta 9.000 dólares, invalidando así completamente el análisis de Ulbricht. Para mostrar aún más lo lejos que estaba ese análisis, Ulbricht añadió que un encierro de 14.000 dólares era „muy improbable“.

Durante el llamado período de mercado bajista de Ulbricht, el precio de Bitcoin subió más del 300% desde diciembre de 2018 hasta junio de 2019. Además, pedir una corrección tan larga no se alinea con los datos históricos de Bitcoin porque incluso durante el período más oscuro de diciembre de 2019, el precio de Bitcoin se mantuvo más del 100% por encima de los mínimos del año anterior.

Gavin Smith dice que Bitcoin cerrará el año 2020 a 7.000 dólares

Durante una entrevista del 27 de julio con Forbes, el CEO de Panxora, Gavin Smith, dijo que esperaba un precio de 7.000 dólares de Bitcoin para finales de año. Gavin añadió además que „un lavado a corto plazo este año antes de que se produzca el verdadero rally“.

El CEO de Panxora explicó que a pesar de la tendencia de apreciación causada por la cobertura de la inflación, el impacto más amplio del choque de la demanda en la economía podría hacer que BTC bajara.

Esta estimación ocurrió después de 80 días de que el precio de Bitcoin se consolidara alrededor de 9.500 dólares. En ese momento, a pesar de subir un 100% desde los mínimos de mediados de marzo, todavía había algunas dudas sobre la capacidad de BTC para romper la resistencia de 10.000 dólares.

Antoni Trenchev pide un precio de Bitcoin de 50.000 dólares en 2020

Indicator shows: Bitcoin could explode parabolically – if the past repeats itself

Bitcoin has seen mixed price action lately, with the bulls unable to take control of the trend after the price rose to $ 28,500.

The opposition here has been quite intense, and BTC has yet to show any signs of strength in the aftermath of this event

The fact that the bulls prevented a deeper setback is positive because it invalidates the possibility that this recent high was a blow-off top.

One trader now comments that there is an incredibly bullish indicator that is blinking for Bitcoin Revival.
Referencing the cryptocurrency’s monthly RSI, he writes that a monthly close above a certain level that it is approaching is historically followed by parabolic moves upwards.

In the past, these moves have had an average return of 1,010%, but their size and length seem to decrease over time.

Bitcoin and the entire crypto market have declined in the past 12 hours, which appears to be the direct result of the pressure Ripple’s XRP is putting on the market due to its recent sell-off.

How the market travels over the medium term, however, in all likelihood does not depend on XRP – and that means this latest round of selling pressure can mark a knee-jerk reaction from investors.

One analyst comments that Bitcoin’s monthly RSI is an incredibly bullish sign of where BTC is headed next.

Bitcoin is fighting for momentum after being rejected at $ 28,500

At the time of writing, Bitcoin is trading at $ 27,900. BTC has not yet received enough buy-side support to break above heavy resistance that lies in the lower $ 28,000 region.

For now, this tip could mark a blow-off top.

Indicator signals: BTC is on the verge of a parabolic rise

A trader wrote in a tweet that Bitcoin could be on the cusp of a parabolic movement in the coming days and weeks. He refers to the so-called monthly RSI of the cryptocurrency as an indicator for this.

„BTC – Monthly RSI. The monthly candle is about to close over 80. When this happens the bullish trend will continue, with an average return of 1010.87%. Every cycle is shorter. “

The coming days should shed some light on Bitcoin’s trend as continued weakness could confirm $ 28,500 as a local high and lead to a deeper setback.

IRS har officielt flyttet sit kryptoskattespørgsmål

IRS har officielt flyttet sit kryptoskattespørgsmål til toppen af ​​Form 1040, hvilket gør det meget mere fremtrædende

Sidste år oplyste Internal Revenue Service (IRS), at de ville vide, hvem der havde kryptovaluta, ved at spørge skatteyderne direkte på deres 1040A-formularer.

Nu er det gjort det formbaserede spørgsmål meget mere fremtrædende for at sikre, at alle svarer.

IRS annoncerede i dag, at de formelt har flyttet et spørgsmål – „Modtog, solgte eller på anden måde erhvervet nogen økonomisk interesse i nogen virtuel valuta i 2020?“ – til 1040-formularen. Spørgsmålet sidder øverst på formularen lige under de felter, der Bitcoin Evolution beder om identifikation. Krypto-skattefagfolk siger, at hvis det ikke var klart, at IRS betød forretning før, er det krystal nu.

1040A, hvor spørgsmålet oprindeligt var placeret, falder ikke i alles hænder

Det tegner sig for årlige selvangivelser. For 2018 og derefter skal skatteydere udfylde formular 1040. IRS har effektivt flyttet spørgsmålet, så det kræves rapportering for alle skatteydere, der bevæger sig fremad, da de fleste udfylder formular 1040.

Joey Ryan, CFO hos krypto-regnskabsfirmaet Gilded, sagde, at det viser, at IRS er oven på krypto, måske endnu mere end nogle ville forvente.

„Hvis nogle mennesker ikke var opmærksomme eller ikke så fuldt ud involveret i hvad IRS har gjort, vidste de måske ikke at se på skema 1, som er din ekstra indkomstplan, men nu sidder det bare lige på forsiden af ​​1040, så ingen slags har en chance for at gå glip af det spørgsmål eller ikke forstå, hvad der sker, ”sagde han.

Flytningen til formular 1040 vil sandsynligvis øge overholdelsesgraden og fange enhver krigsfanger, der ikke var så opmærksom på krypto-skattebyrder. Det betyder en stor indvirkning for denne skattesæson, ifølge Zenledger COO Daniel Hannum.

„For 2019 var der virkelig ikke så mange mennesker, der havde en tidsplan 1, især inden for krypto, og for dette år er det kæmpe, at det er det første spørgsmål på formularen,“ sagde han.

Selvom det fungerer som yderligere afklaring fra IRS, er der stadig nogle spørgsmål, der skal besvares, ifølge Hannum.

Nogle skatteeksperter har rejst bekymring over for skattemyndighederne over ordets formulering, da de siger, at det er uklart, om køb eller beholdning kvalificerer sig som handel i krypto. Imidlertid sagde både Hannum og Ryan, at IRS ser ud til at være forpligtet til konstant at give mere klarhed over tid.

Altseason on the way? Why Bitcoin is leaving great altcoins like Ethereum behind

Ethereum and the altcoin market are stagnant relative to Bitcoin, with the ETH/BTC pair being the key to the next altseason.

Altseason on the way? Why is Bitcoin leaving large altcoins like the Ethereum behind MARKET ANALYSIS
Ether (ETH), the native cryptomeda of blockchain Ethereum, has lagged behind Bitcoin (BTC). Historically, when BTC rises, altcoins tend to rise with higher price movements.

This time, Bitcoin has clearly outperformed the altcoin market, especially in December. BTC’s dominance of market capitalisation has recently increased to the year’s high of about 70%, largely due to the large sale of XRP last week.
BTC/USD vs. ETH/BTC (yellow), LTC/BTC (orange), XRP/BTC (blue) 1-day candle chart (Bitstamp). Source: Tradingview
The difference in price discovery of Bitcoin
The difference between the current Bitcoin price trend and previous Bitcoin Bank bullish cycles in 2018 and 2019 is that BTC has gone into price discovery.

Put simply, price discovery is when the price of an asset exceeds the previous high and continues to enter unknown territory. Altcoins usually stagnate when Bitcoin enters price discovery because BTC sucks the volume out of the altcoin market.

Also, when Bitcoin is growing rapidly, it is also subject to large short-term setbacks. The problem with altcoins is that when BTC increases, they fall behind BTC, and when BTC retreats, altcoins often see even bigger corrections.

In the foreseeable future, it is critical for the altcoin market to see Ether gain momentum against Bitcoin. This would probably kick off the next altseason if one arises in the short term.

Currently, Ether is still underperforming against Bitcoin. The ETH/BTC pair, in most time periods, including the daily chart, still shows no signs of breaking up.
Daily Chart ETH/BTC (Binance). Source: TradingView.com
The ideal scenario for the altcoin market is to see the ETH / BTC pair forming a fund and then go out to the altcoins to see a renewed momentum.

Cointelegraph Markets analyst Michael van de Poppe pointed out that traders are currently afraid to buy altcoins due to market dynamics. He also stressed in his latest ETH technical analysis that the ETH/BTC pair is still showing weakness.

He added that the weekly chart on the Ether shows a clear collapse below support on the BTC pair which suggests further weakness for altcoins is likely. Poppe noted that the ETH/BTC pair would have to rise above 0.026 BTC to regain the bullish momentum.

„However, as long as the ETH remains above 0.021 sats, the bullish arguments can still be made for higher, as the upward construction would still be intact,“ he explained, adding:

Ideally for ETH, a recovery from the 0.026 sats level would indicate further strength and continuation, so traders should look at that level first. If that doesn’t work, the next area to observe is the 0.021 sats zone next to the US$450 region.

When will we have an ideal scenario for the altseason?
Indeed, there is a strong argument to be made that the so-called „altseason“ might not even appear in Q1 2021.
In fact, there is a strong argument to be made that the so-called „altseason“ might not even appear in Q1 2021.

Bitcoin is now 25% above its maximum in 2017, and Ether is still 50% below his ATH in 2017. https://t.co/IIuU9KEEs0

– Ansel Lindner (@AnselLindner) 25 December 2020

Some analysts say that since Bitcoin is experiencing a recovery led by institutional investors, Bitcoin’s profits will not return to the altcoin market this time.

However, some traders expect altcoins to become more attractive with Bitcoin bullishness. A trader known as „Salsa Tekila“ said that capital could turn back to altcoins if Bitcoin continues to rise, considering that altcoins historically performed well in the first quarter after the BTC peak in December. He wrote:

„The higher the BTC $, the more attractive the altcoins become. BTC’s current market capitalization is 6.5X the ETH market capitalization. $ rotation factor is plausible, especially coming in 2021 with the popularization of the $ ETH picket. The likelihood of a peak would be to catch altcoins as they detonate during a large bitcoin end. ”