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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 1.90% on Thursday. Partially reversing a 5.88% rally from Wednesday, Bitcoin ended the day at $36,951.5. A mixed start to the day saw Bitcoin rise to a late morning intraday high $38,750.0 before hitting reverse. Bitcoin broke through the first major resistance level at $38,406 before sliding to a mid-afternoon intraday low $36,222.0. Finding support at the first major support level at $36,200, Bitcoin revisited $37,800 levels before sliding back into the red. The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Ripple’s XRP jumped by 12.12% to lead the way, with Binance Coin rallying by 7.32%. It was a bearish day for the rest of the majors, however. Litecoin slid by 7.06% to lead the way down. Bitcoin Cash SV (-3.80%), Chainlink (-2.26%), Crypto.com Coin (-4.77%) Ethereum (-4.26%), and Polkadot (-3.83%) also struggled. Cardano’s ADA saw a relatively modest 0.67% loss on the day. In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Thursday high $1,175.84bn. At the time of writing, the total market cap stood at $1,118.40bn. Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Thursday low 61.36%. At the time of writing, Bitcoin’s dominance stood at 61.94%. This Morning At the time of writing, Bitcoin was up by 0.54% to $37,150.0. A mixed start to the day saw Bitcoin fall to an early morning low $36,791.0 before rising to a high $37,234.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day for the majors. At the time of writing, Cardano’s ADA was up by 3.45% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $37,308 to bring the first major resistance level at $38,394 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $38,000 levels. Barring an extended crypto rally, the first major resistance level and Thursday’s high $38,750.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test he second major resistance level at $39,836 and a Thursday resistance at $40,000. Failure to move through the $37,308 pivot would bring the first major support level at $35,866 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,780. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Hovers Around Big Figure Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 5th, 2021 AUD/USD Forex Technical Analysis – Testing Major Support Zone at .7579 – .7523 after Dovish RBA Comments NZD/USD Forex Technical Analysis – Strengthens Over .7160, Weakens Under .7122 Crude Oil Price Update – Closing Price Reversal Top Will Be First Sign of Weakening Momentum U.S. Market Wrap and Forecast for Friday', 'Bitcoin , BTC to USD, fell by 1.90% on Thursday. Partially reversing a 5.88% rally from Wednesday, Bitcoin ended the day at $36,951.5. A mixed start to the day saw Bitcoin rise to a late morning intraday high $38,750.0 before hitting reverse. Bitcoin broke through the first major resistance level at $38,406 before sliding to a mid-afternoon intraday low $36,222.0. Finding support at the first major support level at $36,200, Bitcoin revisited $37,800 levels before sliding back into the red. The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Ripple’s XRP jumped by 12.12% to lead the way, with Binance Coin rallying by 7.32%. It was a bearish day for the rest of the majors, however. Litecoin slid by 7.06% to lead the way down. Bitcoin Cash SV (-3.80%), Chainlink (-2.26%), Crypto.com Coin (-4.77%) Ethereum (-4.26%), and Polkadot (-3.83%) also struggled. Cardano’s ADA saw a relatively modest 0.67% loss on the day. In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Thursday high $1,175.84bn. At the time of writing, the total market cap stood at $1,118.40bn. Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Thursday low 61.36%. At the time of writing, Bitcoin’s dominance stood at 61.94%. This Morning At the time of writing, Bitcoin was up by 0.54% to $37,150.0. A mixed start to the day saw Bitcoin fall to an early morning low $36,791.0 before rising to a high $37,234.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day for the majors. At the time of writing, Cardano’s ADA was up by 3.45% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $37,308 to bring the first major resistance level at $38,394 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $38,000 levels. Barring an extended crypto rally, the first major resistance level and Thursday’s high $38,750.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test he second major resistance level at $39,836 and a Thursday resistance at $40,000. Failure to move through the $37,308 pivot would bring the first major support level at $35,866 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,780. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Hovers Around Big Figure Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 5th, 2021 AUD/USD Forex Technical Analysis – Testing Major Support Zone at .7579 – .7523 after Dovish RBA Comments NZD/USD Forex Technical Analysis – Strengthens Over .7160, Weakens Under .7122 Crude Oil Price Update – Closing Price Reversal Top Will Be First Sign of Weakening Momentum U.S. Market Wrap and Forecast for Friday', '[Editor’s Note: The following originally appeared on FactSet.com . Elisabeth Kashner is director of ETF research and analytics for FactSet.] Despite 2020’s pandemic, civil unrest and market gyrations, assets flowed into U.S.-domiciled ETFs at record levels. Investors adopted an expansive stance as outsized flows chased outsized performance. ETF investors showed a growing appetite for active management and ESG that left less room for vanilla and “smart” beta, embracing issuers outside the big three and asset classes beyond equity. But for all the expansiveness, parsimony reigned in one key aspect: cost, as customers gravitated toward ever-lower costs, across all segments and strategies. For asset managers, opportunity increased, but required better performance and sharper margins than ever. Expansion Axis No. 1: Record Inflows 2020 brought many types of new highs to the ETF market: record inflows, largest-ever interest in fixed income, and massive gains for commodities—especially gold. 2020 smashed previous years’ records for fixed income ETF inflows, breaking through $200 billion. This surge of enthusiasm, encouraged by the Federal Reserves’ $8.77 billion of ETF purchases , pushed fixed income ETF assets to 20% of the overall U.S. ETF market, up from 16% at the end of 2015. While equity continued to draw the largest share of ETF investor dollars, stocks’ share of ETF flows dropped below 50% for the first time. Meanwhile, investor appetite for gold, silver and oil put commodity ETFs back on the map. ETF_trends_fig1 (For a larger view, click on the image above) Expansion Axis No. 2: Performance Chasing Trend-following drove much of 2020 flows, shifting the pecking order in ETF league tables. Cathie Woods’ ARK Innovation ETF (ARKK) took the No. 13 flows slot, an extraordinary feat for a fund that ranked 294 in assets under management (AUM) at the start of the year. ARKK’s 2020 returns of 152.2% was extraordinary. ARK Investment’s other ETFs did exceptionally as well, pushing ARK 20 spots up the ETF league tables to the 12 th largest ETF issuer. Story continues The Invesco QQQ Trust (QQQ) hit the top 10n inflows for the first time since 2011, attracting $16.7 billion as investors chased QQQ’s 48.6% 2020 return. QQQ’s success allowed Invesco to retain its No. 4 slot on the league tables and add 0.29% of market share despite anemic flows across the rest of their ETF lineup, which collectively lost $442 million in net outflows. The SPDR Gold Trust (GLD) claimed the No. 6 flows spot in 2020, returning to the top 10 list after a three-year hiatus. GLD ended 2020 with a 23.7% annual return but gained 38.4% between March and August 2020. Interest in gold boosted the market share of the World Gold Council, sponsor of GLD, by 0.36%. Fascinatingly, among ETFs offering exposure to gold, GLD lost market share to the World Gold Council’s own SPDR Gold MiniShares Trust (GLDM) and the iShares Gold Trust (IAU) , which offer the identical exposure at a cheaper price point. ETF issuers looking to attract tactical investors have succeeded by virtue of outstanding performance. But performance giveth, and performance taketh. “Smart beta” purveyors who once confidently touted risk-adjusted outperformance delivered disappointing results in 2020. Wisdom Tree’s asset-weighted average 2.2% returns accompanied $1.4 billion in outflows, dropping the issuer two notches to No. 11. Similar problems plagued Northern Trust and SS&C, as the Alerian MLP ETFs’ (AMLP) returns collapsed in the spring. Knock-On Effect: Decreased Issuer Concentrations The big three’
**Last 60 Days of Bitcoin's Closing Prices:**
[19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-05
**Financial & Commodity Data:**
- Gold Closing Price: $1810.90
- Crude Oil Closing Price: $56.85
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $685,530,868,750
- Hash Rate: 174939225.83110696
- Transaction Count: 360541.0
- Unique Addresses: 856297.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.81
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article was originally published onETFTrends.com.
Step aside precious metals: rare earth metals are on the move to start 2021. While gold and silver received much attention in 2020 amid a flight to safety due to the pandemic, a play on rare earth metals could be a key diversifying play for investors looking to add alternative assets via theVanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
"Amid the COVID-19 crisis, the global market for Rare Earth Metals estimated atUS$4 Billionin the year 2020, is projected to reach a revised size ofUS$6.6 Billionby 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027," a recent press release noted. "Catalysts, one of the segments analyzed in the report, is projected to record a 8% CAGR and reachUS$1.5 Billionby the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Permanent Magnets segment is readjusted to a revised 7.9% CAGR for the next 7-year period."
REMX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Rare Earth/Strategic Metals Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index.
The index includes companies primarily engaged in a variety of activities that are related to the producing, refining, and recycling of rare earth and strategic metals and minerals. A number of itstop holdingsare in China, which also gives investors international exposure.
Looking at its 3-month chart below, REMX is already up over 90%:
Given their sheer size, it's no surprise to see the two largest economies poised for growth in the rare earth metals industry. Thanks to their large economies of scale, the U.S. and China will experience exponential growth that could help propel REMX to further gains.
"The Rare Earth Metals market in the U.S. is estimated atUS$1.1 Billionin the year 2020.China, the world`s second largest economy, is forecast to reach a projected market size ofUS$1.5 Billionby the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027," the press release added. "Among the other noteworthy geographic markets areJapanandCanada, each forecast to grow at 3.9% and 6.5% respectively over the 2020-2027 period. WithinEurope,Germanyis forecast to grow at approximately 4.7% CAGR."
For more news and information, visit theTactical Allocation Channel.
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- Reddit Posts (Sample): [['u/Kazakkbdk', 'Why Nano is a big deal', 376, '2021-02-05 00:00', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/', "This is the only community that didn't give up on the matter of efficiency. To be as fast and cheap as possible, whilst mantaining the necessary security and decentralization.\n\nBitcoin has long given up on it's fundamentals, to be the money of the people, to free us from centralization and from the need of corporations. The BTC community has sided with the big miners.\n\nTo transact on Bitcoin efficiently, you must look for third-party solutions such as Paypal and other corporations that are still to come. With Nano you are your own bank, you have no need for a middleman. We will not abandon the fundamentals, we will not become a tool for the corporations.\n\nTo have 0 fees is to raise the middle finger to those who believe a decentralised finance system needs incentives. We want a decentralised network that is fast and cheap, this is all incentive we need. And we will mantain this without miners or fees, everyone is welcome to join. We will continue the struggle and we will keep improving the network, so that even at 0 fees a spam attack will be too costly to pull off.\n\nWe will not give up, and no matter how long it takes, this will become the scalable coin that works, that is fast and feeless, that is decentralised and resilient to spam. This is what Bitcoin was created for, and this is what we will accomplish.", 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/', 'lcss9f', [['u/Workerhard62', 26, '2021-02-05 00:03', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm1rp21/', 'This deserves gold.', 'lcss9f'], ['u/PieceBlaster', 92, '2021-02-05 00:36', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm1w16a/', 'If this community stays passionate, I foresee a bright future. Nano IS a big deal, and keeping this belief at the forefront of this movement is* equally important!', 'lcss9f'], ['u/farts-are-stinky', 52, '2021-02-05 01:22', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm21uxe/', "Take my upvote!! This post fires me up!! NANO is the best transactional currency, hands down. It's a fact. It stays laser focused on this vision. Funny how looking at the top 50 cryptocurrencies, There's about 30 billion $ in marketcap of coins that NANO makes utterly irrelevent.", 'lcss9f'], ['u/Fhelans', 32, '2021-02-05 01:26', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm22hh5/', '700billion+*', 'lcss9f'], ['u/AIwaysLearning', 10, '2021-02-05 01:38', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm23wjv/', 'Well is it really a digital store of wealth?', 'lcss9f'], ['u/fatalglory', 15, '2021-02-05 02:37', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm2bc3j/', "Of course it is, why wouldn't it be?", 'lcss9f'], ['u/benderau8885', 20, '2021-02-05 03:02', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm2ehqx/', 'Not an expert but on fundamentals looks the damn best to me. Anything close to nano tech wise?', 'lcss9f'], ['u/oojacoboo', 30, '2021-02-05 03:03', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm2el6o/', 'In fact, one could rightly argue it’s far better than Bitcoin. With the security and future of Bitcoin being tied to miners, along with the likelihood of continued consolidation, its decentralization is likely to degrade.\n\nMany will find that they prefer the security of their SoV tied to staking/representative voting and not to a handful of mining corporations.', 'lcss9f'], ['u/laggyx400', 13, '2021-02-05 04:47', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm2rimp/', "Haha, so as soon as nano is adopted and integrated it's a failure? \n\nHave you ever listened to yourself, sound like a jealous, edgy hipster. Do you not want nano to be used and adopted? Are banks not allowed to be banks? They're a business, of course they're going to find ways to survive in a post nano world. There is always a demographic for them.\n\n*The system!*", 'lcss9f'], ['u/slumpttx', 12, '2021-02-05 04:50', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm2rv71/', 'Fuck it I’ll join the train man. ✨💯', 'lcss9f'], ['u/Ikari_Gendo', 13, '2021-02-05 06:15', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm30vzf/', "1) BTC won't store wealth when a better crypto comes along. It's just number 1 because of *when* it was created and the associated pairs on exchanges, not because of its properties.\n\n\n2) BTC has a higher inflation than NANO. A better store of wealth should be the crypto with no inflation and no fees.\n\n\n3) A store of wealth shouldn't depend on a POW, as that seems very expensive (fee-wise and inflation-wise) and resource intensive. There is also a catch-22 there: blockchains need high fees with little use or a lot of use with low fees to sustain security, if they intend to have no inflation. There is also the DOGE alternative, with perpetual emission, but I think its even worse than the other 2 alternatives for securing a blockchain.", 'lcss9f'], ['u/gweeha45', 10, '2021-02-05 07:00', 'https://www.reddit.com/r/nanocurrency/comments/lcss9f/why_nano_is_a_big_deal/gm351dd/', 'One btc transaction burns 350 kg in carbon. Thats reason enough for me', 'lcss9f']]], ['u/intothecryptoverse', 'Ethereum: Is $3k possible in the short-term?', 58, '2021-02-05 00:05', 'https://www.reddit.com/r/ethfinance/comments/lcswoq/ethereum_is_3k_possible_in_the_shortterm/', 'I made a new video discussing the implications of the current market conditions on a $3k Ethereum. Is it possible? Well, if it follows what Bitcoin did a few weeks ago, it seems like a possibility. Here is the video where I discuss the idea!\n\n[https://www.youtube.com/watch?v=FUApUlrXOgk&feature=youtu.be&ab\\_channel=BenjaminCowen](https://www.youtube.com/watch?v=FUApUlrXOgk&feature=youtu.be&ab_channel=BenjaminCowen)', 'https://www.reddit.com/r/ethfinance/comments/lcswoq/ethereum_is_3k_possible_in_the_shortterm/', 'lcswoq', [['u/Naviers_Stoked', 63, '2021-02-05 00:17', 'https://www.reddit.com/r/ethfinance/comments/lcswoq/ethereum_is_3k_possible_in_the_shortterm/gm1ti9z/', '"It always comes back to bitcoin"\n\nI genuinely enjoy your analysis, but I think this is only becoming an increasingly tired narrative. With where Eth/DeFi is heading, large swaths of future crypto adopters will simply be skipping BTC altogether, and I think that could extend to both retail as well as institutional investors.', 'lcswoq'], ['u/intothecryptoverse', 24, '2021-02-05 03:49', 'https://www.reddit.com/r/ethfinance/comments/lcswoq/ethereum_is_3k_possible_in_the_shortterm/gm2kjij/', 'Sorry I’m not going to change my interpretation of how the markets work because you are bored with it', 'lcswoq'], ['u/Naviers_Stoked', 41, '2021-02-05 04:26', 'https://www.reddit.com/r/ethfinance/comments/lcswoq/ethereum_is_3k_possible_in_the_shortterm/gm2p0w7/', "It's less about being bored with it and more about seeing the writing on the wall. We can check back in a couple years and see how the notion of 'everything comes back to BTC' is going. Maybe you're right.", 'lcswoq'], ['u/ARUKET', 23, '2021-02-05 05:49', 'https://www.reddit.com/r/ethfinance/comments/lcswoq/ethereum_is_3k_possible_in_the_shortterm/gm2y9ed/', "I think this day will come eventually, but it's not our time yet. For this cycle, everything still clearly revolves around what Bitcoin is doing.", 'lcswoq'], ['u/jtnichol', 11, '2021-02-05 07:53', 'https://www.reddit.com/r/ethfinance/comments/lcswoq/ethereum_is_3k_possible_in_the_shortterm/gm39czy/', "2017 would represent a great indicator that eth did a lot to flip that narrative. Moving forward, it's just a matter of time.", 'lcswoq']]], ['u/iamana8', 'The XRP community is THE best.', 76, '2021-02-05 00:07', 'https://www.reddit.com/r/XRP/comments/lcsy1m/the_xrp_community_is_the_best/', "I just want to say that. It's been a rough several months with XRP tanking and the maxis shitting on us nonstop on r/cc. They say we are like a cult but we're not the ones attacking others for not being part of the cool BTC/ETH club. This community has nothing but support for each other. Don't worry guys! If you DYOR, you know that XRP isn't going anywhere. We are going to be okay!!", 'https://www.reddit.com/r/XRP/comments/lcsy1m/the_xrp_community_is_the_best/', 'lcsy1m', [['u/Definitely-Not-Kanye', 12, '2021-02-05 02:46', 'https://www.reddit.com/r/XRP/comments/lcsy1m/the_xrp_community_is_the_best/gm2ck3r/', 'Good to hear some positivity around here. Crypto in general has a toxic vibe about it, and it is sad to see people attack others without real facts to back up statements.', 'lcsy1m']]], ['u/hockeyboythrowaway13', 'Mods should really do something about these tyro questions which are just tiresome and repetitive', 26, '2021-02-05 00:38', 'https://www.reddit.com/r/Bitcoin/comments/lctmn0/mods_should_really_do_something_about_these_tyro/', 'I can\'t be the only one who\'s tired of seeing 5-6 posts a day asking "should I invest in bitcoin" "how do I buy bitcoin" "hi guys when should I buy?". I thought there was a sub reddit for that ( r/BitcoinBeginners) I think its awesome there\'s an influx of people getting into bitcoin and wanting to learn about it, but these questions have been asked probably several thousand times, and the answers to them are always the same.', 'https://www.reddit.com/r/Bitcoin/comments/lctmn0/mods_should_really_do_something_about_these_tyro/', 'lctmn0', [['u/jaydoors', 13, '2021-02-05 00:42', 'https://www.reddit.com/r/Bitcoin/comments/lctmn0/mods_should_really_do_something_about_these_tyro/gm1wri1/', 'I have an idea - there should be a stickied FAQ and.. ..oh ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 3.56% on Friday. Reversing a 1.90% decline from Thursday, Bitcoin ended the day at $38,260.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $36,571,6 before making a move. Steering clear of the first major support level at $35,866, Bitcoin rallied to an early afternoon intraday high $38,366.0. Bitcoin broke through the first major resistance level at $38,394 before a pullback to $37,200 levels. Finding late support, Bitcoin broke back through to $38,200 levels to deliver the upside on the day. The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Friday. Binance Coin and Cardano’s ADA surged by 20.75% and by 22.15% respectively to lead the way. Bitcoin Cash SV (+6.84%), Chainlink (+7.30%), Ethereum (+7.75%), and Litecoin (+6.82%) also found strong support. Crypto.com Coin (+5.09%), Polkadot (+2.18%), Ripple’s XRP (+1.49%) trailed the front runners, however. In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Friday high $1,185.22bn. At the time of writing, the total market cap stood at $1,118.40bn. Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 61.94%. This Morning At the time of writing, Bitcoin was up by 0.93% to $38,617.0. A mixed start to the day saw Bitcoin fall to an early morning low $38,205.0 before rising to a high $38,801.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-4.71%), Bitcoin Cash SV (-1.00%), and Ripple’s XRP (-0.93%) saw red early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 3.20% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $37,700 to bring the first major resistance level at $38,828 back into play. Support from the broader market would be needed for Bitcoin to break out from the morning high $38,801.0. Barring an extended crypto rally, the first major resistance level and resistance at $39,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $39,494 and resistance at $40,000. Failure to avoid a fall through the $37,700 pivot would bring the first major support level at $37,034 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$36,000 levels. The second major support level sits at $35,906. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Have Stellar Week Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 6th, 2021 Gold Weekly Price Forecast – Gold Markets Bounce From 50 Week EMA Natural Gas Weekly Price Forecast – Natural Gas Has Big Week EUR/USD Mid-Session Technical Analysis for February 5, 2021 U.S. Market Wrap and Forecast for Monday', 'Bitcoin , BTC to USD, rose by 3.56% on Friday. Reversing a 1.90% decline from Thursday, Bitcoin ended the day at $38,260.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $36,571,6 before making a move. Steering clear of the first major support level at $35,866, Bitcoin rallied to an early afternoon intraday high $38,366.0. Bitcoin broke through the first major resistance level at $38,394 before a pullback to $37,200 levels. Finding late support, Bitcoin broke back through to $38,200 levels to deliver the upside on the day. The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Friday. Binance Coin and Cardano’s ADA surged by 20.75% and by 22.15% respectively to lead the way. Bitcoin Cash SV (+6.84%), Chainlink (+7.30%), Ethereum (+7.75%), and Litecoin (+6.82%) also found strong support. Crypto.com Coin (+5.09%), Polkadot (+2.18%), Ripple’s XRP (+1.49%) trailed the front runners, however. In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Friday high $1,185.22bn. At the time of writing, the total market cap stood at $1,118.40bn. Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 61.94%. This Morning At the time of writing, Bitcoin was up by 0.93% to $38,617.0. A mixed start to the day saw Bitcoin fall to an early morning low $38,205.0 before rising to a high $38,801.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-4.71%), Bitcoin Cash SV (-1.00%), and Ripple’s XRP (-0.93%) saw red early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 3.20% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $37,700 to bring the first major resistance level at $38,828 back into play. Support from the broader market would be needed for Bitcoin to break out from the morning high $38,801.0. Barring an extended crypto rally, the first major resistance level and resistance at $39,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $39,494 and resistance at $40,000. Failure to avoid a fall through the $37,700 pivot would bring the first major support level at $37,034 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$36,000 levels. The second major support level sits at $35,906. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Have Stellar Week Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 6th, 2021 Gold Weekly Price Forecast – Gold Markets Bounce From 50 Week EMA Natural Gas Weekly Price Forecast – Natural Gas Has Big Week EUR/USD Mid-Session Technical Analysis for February 5, 2021 U.S. Market Wrap and Forecast for Monday', 'Popular myth would have you believe the entrepreneurs and CEOs working in the internet and technology sectors have built up their companies from scratch. This, however, would overlook the enormous role government investment has played in making funds available for the research and development of the products and services these companies offer. The first computers were developed during the Second World War at Bletchley Park in England to crack the German Enigma codes. The iPhone depends on the internet, the origins of which lie in ARPANET, a program funded in the 1960s by the Advanced Research Project Agency (ARPA), part of the U.S. Defense Department and later renamed. The Global Positioning System (GPS) began as a 1970s U.S. military program called NAVSTAR. Even SIRI, the iPhone’s voice-recognizing personal assistant, can trace its lineage to the government: It’s a spin-off of a DARPA artificial-intelligence (AI) project. Luke Stokes is the managing director for the Foundation for Interwallet Operability (FIO). He’s been a consensus witness for the Hive (previously Steem) blockchain since early 2018 and a custodian for eosDAC, a community-owned EOSIO Block Producer and DAC Enabler, since its inception. Related: Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets The role of the state isn’t limited to just spending taxpayer funds. Setting supportive policies that enable companies to solve problems and flourish is fundamental to ensuring we solve climate change and many other pressing issues of our time. While the impact of government investment in areas such as military research is clear for all to see, its impact on Silicon Valley and modern technologies is more opaque. By their design, digital currencies such as bitcoin (BTC) fall out of the jurisdiction and management of state and government bodies. This is how many crypto anarchists and early adopters believed it should be and would very much like it to remain. Story continues See also: Kevin Owocki – How DeFi ‘Degens’ Are Funding the Next Wave of Open-Source Development However, if this industry is ever going to achieve its goals and gain mainstream adoption, it is unlikely to happen organically. Agreed principles and collective vision will be fundamental to ensuring the blockchain industry achieves aims such as greater financial inclusion, competition for the banking industry, and a reduction of costs and friction within supply chains. Related: Which Crypto Projects Are Based on Ethereum? The blockchain industry needs to pursue collective policies that are bold, innovative and enable people to work together towards these goals. Currently, projects and teams are siloed, doubling up on efforts to solve almost identical problems with no means for sharing intellectual property or potential revenue, should the mainstream adopt their solutions. Private companies lack the resources to realistically compete with public funding. For this to happen, the blockchain industry will need to come together and break down barriers to engagement between different protocols. It’s a prospect I’m intimately aware of, through my work with the Foundation for Interwallet Operability (FIO), a protocol designed with interoperability and service provider cooperation at its core. FIO remains a group of dedicated, well-intentioned individuals trying to tackle a problem of standardized easy-to-read and -use cryptocurrency addresses. Although the foundation has received private fund
**Last 60 Days of Bitcoin's Closing Prices:**
[18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-06
**Financial & Commodity Data:**
- Gold Closing Price: $1810.90
- Crude Oil Closing Price: $56.85
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $726,645,374,244
- Hash Rate: 169021265.50315762
- Transaction Count: 333886.0
- Unique Addresses: 795079.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.84
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Bloomberg Opinion) -- As Bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that Bitcoin could replace the dollar as a global reserve currency. Cryptocurrency serves some useful purposes. But there are some pretty wild speculations going around. One of the more fundamental problems is that crypto assets can be either useful hedges, or useful forms of payment — but not easily both. There is a demand for a non-intermediated, direct payment asset, and crypto can serve that function. That is why stablecoins, such as crypto assets pegged to the dollar, have proven of enduring interest. People want to transfer something dollar-denominated but with crypto-like features. Yet the very stability of these coins means they have to create institutional layers to preserve their value. For the foreseeable future, the institutions building dollar-linked stablecoins will be riskier, less transparent and more difficult to deal with than the dollar-based system itself, including the surrounding banks. If you hold or trade with a stablecoin, you incur several risks. First, the stablecoin peg to the dollar may someday be broken, an old problem with pegged exchange rates that Milton Friedman often warned about. Second, to the extent stablecoins and other crypto assets become a major part of the financial system, they will attract more regulatory interest. That in turn will limit many of their advantages over the traditional bank sector. The U.S. government does not want a financial system that evolves outside the purview of the Federal Reserve, FDIC and other regulatory institutions. Third, the formal banking sector will improve, for instance by moving to more rapid clearing, or by introducing electronic reserve currencies. With the latter, you could transfer your electronically-based dollars within the accounting system of the central bank, and achieve a non-intermediated transfer without resorting to crypto. It is not obvious that crypto will be the market winner once more mainstream institutions learn some lessons from the success of crypto. Story continues Alternatively, consider crypto assets, such as Bitcoin or ether, which are not pegged to major national currencies. They are useful hedges and speculation vehicles, but you probably would not want to use them as your dominant means of purchase. If they can go up in value so rapidly, they can fall too, sometimes precipitously. That’s OK if you’re using crypto assets for a modest portion of your purchases. But it’s too risky to make them the bulk of your checking and savings accounts. The dollar, euro or, for that matter, the Mexican peso are not nearly so volatile. Imagine that virtual reality takes off, and there are economies inside virtual reality, spanning many nations. A crypto asset might be a more convenient means of payment within those networks than the dollar, if only because of the cumbersome reporting requirements for larger dollar transfers. Still, the motive for using that same crypto asset to purchase your next Toyota, or to borrow from your bank to start a restaurant, is less than clear. Some enthusiasts postulate a world where crypto transactions are not transparent to governments, allowing buyers and sellers to live outside the tax system. Such anonymity is technologically possible, and the current black- and grey-market uses of crypto (for instance, getting funds out of China) are likely to continue. But if most of your economic life is in the physical world, and if you own wealth within a country, such as real estate and registered equity shares, the idea that you would be able to evade most taxes is a myth. If anything, the trend is for major technology companies to cooperate with tax collection, and at any rate governments can always change from taxing transactions to taxing wealth. Crypto tax evasion is better suited to be a fringe rather than mainstream endeavor. The recent run-up in crypto values seems to be driven by the possibility that major corporations will start adding them to their balance sheets. If you imagine crypto being treated like gold, and constituting say half of a percent of many balance sheets, that would imply a high price for the major crypto assets. Yet these corporations will want institutionalized, mainstream crypto assets, and they will not mind the notion of more heavily regulated crypto assets and crypto-linked financial institutions. The more utopian scenarios for crypto, whether proponents realize it or not, rely on the notion that crypto remains simultaneously fringe and mainstream. That will be a hard trick to pull off. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include "Big Business: A Love Letter to an American Anti-Hero." For more articles like this, please visit us at bloomberg.com/opinion Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P....
- Reddit Posts (Sample): [['u/Native411', 'Is there active censorship of ADA on the r/cryptocurrency subreddit?', 26, '2021-02-06 00:32', 'https://www.reddit.com/r/cardano/comments/ldkfu4/is_there_active_censorship_of_ada_on_the/', "I'm just trying to get others take on this. \n\nIve been around and involved with the ADA project since 2017. Ive seen its sentiment change on the main crypto subreddit over the years. \n\nWhen it rose to 1.30+ it got tons of hate. People bashed it constantly. Over time it has slowly started to change and Ive seen people not get donwvoted immediately after mentioning ADA there which is good. \n\nBut over the past few months Ive noticed a trend. \n\nVery bullish and highly upvoted posts about ADA seem to get removed premptively by the mods themselves.\n\nThe latest example is below. \n\nhttps://www.reddit.com/r/CryptoCurrency/comments/ld3gs3/ada_is_at_the_candy_shop_were_half_way_to_the_ath/?utm_medium=android_app&utm_source=share\n\nIt covered the full project and had some of the best DD on the protocol Ive ever seen. \n\nBut of course this was removed by the mods for no reason whatsoever. \n\nIve also seen lengthy fud posts about ADA left up foreveer even though the only reason they were up was that people were bashing the project.\n\nI just wanted to ask if this is something others have noticed in regards to that sub in regards to ADA.\n\nI dont think its right that a sub that large should give special treatment to eth and btc and also shut down positive posts about ADA. It isnt right at all to me and seems to be active censorship. \n\nThoughts?", 'https://www.reddit.com/r/cardano/comments/ldkfu4/is_there_active_censorship_of_ada_on_the/', 'ldkfu4', [['u/2035xInfinity', 14, '2021-02-06 00:35', 'https://www.reddit.com/r/cardano/comments/ldkfu4/is_there_active_censorship_of_ada_on_the/gm6bjux/', 'Cardano will melt the faces off of all that hated and doubted! We’re just getting started 🚀', 'ldkfu4'], ['u/pokotok', 13, '2021-02-06 02:10', 'https://www.reddit.com/r/cardano/comments/ldkfu4/is_there_active_censorship_of_ada_on_the/gm6mfzx/', 'The mods on r/cryptocurrency are complete hacks trying to manipulate the narrative for coins they own and ETH is one of them. The answer to your question is, yes... Nothing you can do about it.', 'ldkfu4'], ['u/Native411', 18, '2021-02-06 03:14', 'https://www.reddit.com/r/cardano/comments/ldkfu4/is_there_active_censorship_of_ada_on_the/gm6tpr3/', '"Unless it is Eth. You can only shill Eth"', 'ldkfu4']]], ['u/Keeth', 'Stocks vs Bitcoin', 48, '2021-02-06 01:01', 'https://www.reddit.com/r/Bitcoin/comments/ldl0z8/stocks_vs_bitcoin/', "Not sure if this is the right place to post, apologies if not;\n\nI've been a long time supporter of crypto and have traded over the years on a few exchanges, I also have a cold wallet which I can use to 'own' what I buy.\n\nWith the GME drama lately I saw the price of that stock drop to about $50, so I threw in a few hundred dollars.\n\nTo do this, I had to open an account with a 'broker' which as im sure you all know, is someone who acts on your behalf. A third party, if you will.\n\nThe setup was pretty instant, 10 minutes or so, and my presumption was I'd be able to instantly buy some stocks.\n\nBeing from the EU, I had to fill out a form that declared I was a non-US citizen, and I could be had for perjury if I was lying.\n\nOk, no big deal there.\n\nSo I deposited my money, and clicked to buy some stock.\n\nNow the price displayed on the broker website is delayed by 'at least' 15 minutes, I can't buy or sell at current true price. Ok no worries, I just want some GME, and I bought some (for a higher price than listed through the broker - and I also paid a 12 euro fee for this one transaction)\n\nNow it turns out that the market for this stock (NYSE) is only open certain hours, like a shop, but other larger institutions can trade for a short period of time on the tail end outside of these hours, both before the market opens and after it closes.\n\nIf I try to place a limit order through my broker, I am met with the message that this stock is not available for limit or stop loss orders, at any time. (I guess because I am non-US resident)\n\nI can't withdraw these stocks to claim true ownership, to sell through a different broker.\n\nSo for stocks trading, I will always need a middleman (who takes a hefty commission) - I can only trade on 1 exchange through any broker, and the price displayed is delayed by at least 15 minutes from live trades and there is no way for me to extract this stock to personal storage.\n\nAside from this system being absolutely rigged, as brokers dont need to own the stock, just an I owe you, people are restricted by a 15 minute price window.\n\nThe system is absolutely favoured toward the middleman, and even to the single exchange that trades the stock.\n\nI didn't have any of these problems with any crypto currency - I could trade 24/7 and also withdraw my assets and transfer to another exchange if I desired.\n\nHonestly the stocks system seems so incredibly old fashioned.\n\nI feel like buying or selling is done through writing cheques (checks) which are not instantly fulfilled and handled through a 3rd party.\n\nThis has been partly a rant, but I want to highlight how liberating it is to trade crypto - multiple exchanges, 24/7 trading, ownership.\n\nI only realised this when dabbling in stocks.\n\nEDIT: this post was mainly to illustrate the frustrations of trading stocks vs. trading crypto.", 'https://www.reddit.com/r/Bitcoin/comments/ldl0z8/stocks_vs_bitcoin/', 'ldl0z8', [['u/Hugh108', 18, '2021-02-06 01:30', 'https://www.reddit.com/r/Bitcoin/comments/ldl0z8/stocks_vs_bitcoin/gm6hyvo/', 'I agree with what you’re saying, but I like to have both stocks and cryptos, especially during the crypto winter of 2018 - 2019. My best performing stock (Shopify) is up over 32x since 2016, which is better than my best performing cryptos (Neo and BNB). Owning both stocks (good stocks) and cryptos (good cryptos) gives more stability and security than owning only cryptos.', 'ldl0z8']]], ['u/kerpninbase', 'Reporting taxes on crypto currency bought and exchanged? Its tax season...', 24, '2021-02-06 01:01', 'https://www.reddit.com/r/darknet/comments/ldl103/reporting_taxes_on_crypto_currency_bought_and/', 'So legally you have to report on the standard 1040 tax form whether you have "received, sold, sent, exchanged or otherwise acquired any financial interest in cryptocurrency" You can\'t lie and get away with it anymore.\n\nOf course coinbase and exchanges are all traceable. Coinbase has people\'s identity information and it does get reported to the IRS. Typically people in this subreddit would buy btc and exchange it for monero. Any exchange of currency from one to the other must be reported. \n\nI\'m wondering, for people who buy btc, and exchange it to monero and then make \'purchases\' how do those people go about reporting the currency they\'ve bought on the 1040 tax form. Any currency that gets exchanged to another, e.g., btc to xmr must be reported....\n\nMaking purchases with crypto also must be reported. There\'s a trail for all of this. How would one report on these \'purchases.\'\n\nBesides the implications of all of the above, most people have a year long cluster fuck of small to medium crypto transactions, exchanges and purchases across multiple sites, wallets and converters. The average person does not keep track of all that shit. All of the above is rather concerning for anyone in the US who engages crypto use. The IRS wants to know all about it...', 'https://www.reddit.com/r/darknet/comments/ldl103/reporting_taxes_on_crypto_currency_bought_and/', 'ldl103', [['u/goof1992', 12, '2021-02-06 05:27', 'https://www.reddit.com/r/darknet/comments/ldl103/reporting_taxes_on_crypto_currency_bought_and/gm77sy2/', 'You could possibly say you exchange for XMR and then send it to charities as small donations under $500 each? I think over $500 you need proof of the donation. I know this because I donate old books and shit and tried to up my donations but unfortunately after a certain amount they ask for proof', 'ldl103']]], ['u/godownmyami', 'Discussion: are you still going to DCA when Bitcoin hits $100k?', 14, '2021-02-06 01:12', 'https://www.reddit.com/r/Bitcoin/comments/ldl8v0/discussion_are_you_still_going_to_dca_when/', 'Looking for a healthy discussion: are you guys still going to DCA when Bitcoin is $100k? $1m? $10m? \n\nI understand the principle behind “stacking sats” but does it reach a point where you personally think your fiat is worth more in your bank account than exchanged for a few Satoshis? \n\nI’m thinking of the inverse of the few people I’ve seen on this board taking out second mortgages because they feel Bitcoin is at such a good price/has so much potential right now. Do you think Bitcoin will reach a point where it’s no longer a “good deal”, where it no longer has the potential it did in the first, say, 10 or 20 years?', 'https://www.reddit.com/r/Bitcoin/comments/ldl8v0/discussion_are_you_still_going_to_dca_when/', 'ldl8v0', [['u/atrueretard', 13, '2021-02-06 01:45', 'https://www.reddit.com/r/Bitcoin/comments/ldl8v0/discussion_are_you_still_going_to_dca_when/gm6jnbx/', 'why do you ask? is the fed going to stop printing money at 100k? no, ok then. \n\n​\n\nin 1980 the average house cost 100k many people decided it would be better to rent and not buy a home, becuase surely house prices had gone up too high and have to go down. what they didnt understand is that the fed will never stop printing money and the prices will always go up.', 'ldl8v0']]], ['u/kphill262', 'Going all bitcoin from here till I die', 263, '2021-02-06 01:38', 'https://www.reddit.com/r/Bitcoin/comments/ldlr7c/going_all_bitcoin_from_here_till_i_die/', 'If the rich cant play fair, Ill simply take the dollar (their toys) away from them. Fuck this communist planned economy bullshit! Coinbase will be my bank now. Hopefully one day it ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 2.54% on Saturday. Following on from a 3.56% gain on Friday, Bitcoin ended the day at $39,234.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $38,205.0 before making a move. Steering clear of the first major support level at $37,099, Bitcoin rallied to a late afternoon intraday high $40,985.0. Bitcoin broke through the first major resistance level at $38,894 and the second major resistance level at $39,527. Falling short of the third major resistance level at $41,321 and the swing hi $41,969 Bitcoin fell back to end the day at sub-$40,000. The near-term bullish trend remained intact, supported by the latest revisit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Cardano’s ADA surged by 18.32% to lead the way. Binance Coin (+7.82%), Bitcoin Cash SV (+0.99%), Crypto.com Coin (+3.87%), and Litecoin (+0.38%) also found support It was a bearish day for the rest of the majors, however. Chainlink and Polkadot slid by 4.93% and by 4.49% respectively to lead the way down. Ethereum and Ripple’s XRP saw relatively modest losses of 2.40% and 1.84% respectively. In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Saturday high $1,256.34bn. At the time of writing, the total market cap stood at $1,158.73bn. Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 62.19%. This Morning At the time of writing, Bitcoin was down by 1.45% to $38,665.0. A mixed start to the day saw Bitcoin rise to an early morning high $39,627.0 before falling to a low $38,397.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Crypto.com Coin was down by 6.17% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $39,446 to bring the first major resistance level at $40,688 into play. Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s high $40,900 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at the swing high $41,969 and the second major resistance level at $42,141. Failure to move back through the $39,446 pivot would bring the first major support level at $37,993 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$37,000 levels. The second major support level sits at $36,751. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Weekly Price Forecast – Natural Gas Has Big Week The Weekly Wrap – Fiscal Stimulus News and a Busy Economic Calendar Drive the Markets Gold Weekly Price Forecast – Gold Markets Bounce From 50 Week EMA Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher European Equities: A Week in Review – 05/02/21 S&P 500 Weekly Price Forecast – Stock Markets Form Engulfing Candle', 'Bitcoin, BTC to USD, rose by 2.54% on Saturday. Following on from a 3.56% gain on Friday, Bitcoin ended the day at $39,234.0.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $38,205.0 before making a move.\nSteering clear of the first major support level at $37,099, Bitcoin rallied to a late afternoon intraday high $40,985.0.\nBitcoin broke through the first major resistance level at $38,894 and the second major resistance level at $39,527.\nFalling short of the third major resistance level at $41,321 and the swing hi $41,969 Bitcoin fell back to end the day at sub-$40,000.\nThe near-term bullish trend remained intact, supported by the latest revisit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nCardano’s ADAsurged by 18.32% to lead the way.\nBinance Coin(+7.82%),Bitcoin Cash SV(+0.99%),Crypto.com Coin(+3.87%), andLitecoin(+0.38%) also found support\nIt was a bearish day for the rest of the majors, however.\nChainlinkand Polkadot slid by 4.93% and by 4.49% respectively to lead the way down.\nEthereumandRipple’s XRPsaw relatively modest losses of 2.40% and 1.84% respectively.\nIn the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Saturday high $1,256.34bn. At the time of writing, the total market cap stood at $1,158.73bn.\nBitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 62.19%.\nAt the time of writing, Bitcoin was down by 1.45% to $38,665.0. A mixed start to the day saw Bitcoin rise to an early morning high $39,627.0 before falling to a low $38,397.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bearish start to the day.\nAt the time of writing, Crypto.com Coin was down by 6.17% to lead the way down.\nBitcoin would need to move back through the pivot level at $39,446 to bring the first major resistance level at $40,688 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $40,000 levels.\nBarring an extended crypto rally, the first major resistance level and Saturday’s high $40,900 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at the swing high $41,969 and the second major resistance level at $42,141.\nFailure to move back through the $39,446 pivot would bring the first major support level at $37,993 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$37,000 levels. The second major support level sits at $36,751.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Weekly Price Forecast – Natural Gas Has Big Week\n• The Weekly Wrap – Fiscal Stimulus News and a Busy Economic Calendar Drive the Markets\n• Gold Weekly Price Forecast – Gold Markets Bounce From 50 Week EMA\n• Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher\n• European Equities: A Week in Review – 05/02/21\n• S&P 500 Weekly Price Forecast – Stock Markets Form Engulfing Candle', 'Here are the statements she made in response to a question from Sen. Maggie Hassan, who asked Yellen during her confirmation hearing on Tuesday about the dangers of terrorists using cryptocurrencies:\n“You’re absolutely right that the technologies to accomplish this change over time, and we need to make sure that our methods for dealing with these matters, with terrorist financing, change along with changing technology,” Yellen said.\n“Cryptocurrencies are a particular concern. I think many are used – at least in a transaction sense – mainly for illicit financing.\n“And I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn’t occur through those channels.”\nAre terrorists using Bitcoin to finance their “illicit” activities? And, to what extent?\nI understand the concern about money laundering, but it is doubtful that “many” cryptocurrencies are used “mainly for illicit financing”. If that is the case, then why is the Secretary of Treasury encouraging lawmakers and regulators to “curtail” their use?\nTo answer that, we need to understand whatBitcoinand othercryptocurrenciesare – in simple, straightforward terms.\nCryptocurrencies offer a PRIVATE process for digital transfer of money.\xa0Every single transaction is recorded within \xa0a decentralized tracking system. The privacy is attractive for tax and regulatory reasons.\nIs tax-avoidance an issue of concern for Ms. Yellen? In her role as Secretary of Treasury, the answer is probably yes. Although, at this point, the volume of financial transactions in all cryptocurrencies likely isn’t large enough to justify excessive concern on her part.\nThere must be another reason. There is; and that reason encompasses territory far beyond the potential loss of tax revenue.\nThe reason: lack of control.\nWe live in a highly regulated society. Our financial system is the epitome of stringent regulation and control. That control is evident in the process involving financial transactions and the transfer of money.\nThe ever-present middleman in clearing all financial transactions is the bank; ultimately the US Federal Reserve. And, as we know, Ms. Yellen is a former board chair of the Federal Reserve.\nFinancial transactions in Bitcoin and other cryptocurrencies are “off the grid” so to speak. That means that they are unreported and do not come under the purview of the regulators.\nHowever, it is not realistic to think that the system will be allowed to function unimpeded on its own for long. This is especially true if the dollar volume of transactions increases in significance.\nMs. Yellen’s inference of terrorists using cryptocurrencies appears to be an attempt to justify curtailment or clampdown on financial activity that is currently not under the purview of those who are in control.\nIt is naive and short-sighted to think that those who claim to have regulatory authority would sit idly by without making a concerted attempt to intervene in areas where activity is perceived as a threat to their own (the regulators) \xa0interests.\n(also seeJudy Shelton – Thank You; Janet Yellen – She’s Back)\nKelsey Williams is the author of two books:INFLATION, WHAT IT IS, WHAT IT ISN’T, AND WHO’S RESPONSIBLE FOR ITandALL HAIL THE FED!\nThisarticlewas originally posted on FX Empire\n• The Week Ahead – The UK Economy, Central Bank Chatter, and U.S Stimulus in Focus\n• US Stock Market: Boosted by Optimism Over Earnings, Stimulus Talks, Progress in Vaccine Rollout
**Last 60 Days of Bitcoin's Closing Prices:**
[18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-07
**Financial & Commodity Data:**
- Gold Closing Price: $1810.90
- Crude Oil Closing Price: $56.85
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $726,645,374,244
- Hash Rate: 166219498.0035569
- Transaction Count: 286364.0
- Unique Addresses: 718596.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Rodrigo Campos
NEW YORK (Reuters) - Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar index posted its largest weekly gain in more than two months.
U.S. bond yields and stocks have risen recently, partly on expectations about the rollout of coronavirus vaccines and on a massive stimulus plan by the incoming Democratic administration. President-elect Joe Biden on Thursday unveiled a $1.9 trillion economic aid plan.
But vaccination campaigns have progressed more slowly than expected and the prospect of stricter lockdowns in France and Germany, as well as a resurgence of COVID-19 cases in China, weighed on market sentiment.
"I feel that after all the optimism regarding vaccines, we are now living the reality of a very slow rollout, which is weighing heavily on business activity," said Juan Perez, senior currency trader at Tempus Inc in Washington.
"Until we have more guarantees on the medical front, markets will not continue to flourish despite whatever financial aid may be on the way," Perez said.
The dollar gained ground against the euro and sterling, while the yen was little changed.
Stocks fell but remained close to recent record highs, with investors also digesting the prospect of rising taxes to pay for Biden's plan.
"Spending is easy to do but the question is how are you going to pay for it? Markets often ignore politics but they don't often ignore taxes," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50.
The pan-European STOXX 600 index lost 1.01% and MSCI's gauge of stocks across the globe shed 0.86%.
Emerging market stocks lost 0.93%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.67% lower, while Nikkei futures lost 2.01%.
Yields were also pressured lower by a weaker-than-expected reading in U.S. retail sales.
"This morning’s disappointing retail sales figures reinforced the idea that more stimulus will be needed," said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York.
U.S. 10-year notes last rose 13/32 in price to yield 1.0852%, from 1.129% late on Thursday.
Despite the weekly dip in the benchmark yield, it was set to close a second week above 1%, a streak not seen since before the lockdowns took hold early last year.
Oil prices fell sharply on concerns that demand would be lower as COVID-19 continues to rage globally.
"The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery," said Stephen Brennock of oil broker PVM.
U.S. crude recently fell 2.73% to $52.11 per barrel and Brent was at $54.87, down 2.75% on the day.
The dollar index rose 0.573%, with the euro down 0.68% to $1.2073, while sterling was last trading at $1.3585, down 0.75% on the day.
The Japanese yen weakened 0.07% versus the greenback at 103.88 per dollar.
Spot gold dropped 1.1% to $1,826.59 an ounce. Silver fell 3.11% to $24.74.
Bitcoin last fell 7.59% to $36,164.50.
(Reporting by Rodrigo Campos; Additional reporting by Lucia Mutikani in Washington and Sinead Carew, Karen Brettell, Jessica Resnick-Ault and Saqib Iqbal Ahmed in New York; Editing by Nick Zieminski, Cynthia Osterman and Sonya Hepinstall)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Jobs data takes shine off dollar rebound * Investors looking to U.S. CPI, timing of stimulus * Ethereum falls in spot market as traders eye futures debut By Stanley White TOKYO, Feb 8 (Reuters) - The dollar nursed losses againstmost currencies on Monday as disappointing U.S. jobs data causedsome investors to scale back bets on a rebound in the greenback. The euro held gains versus the dollar but faces a test lateron Monday with data that is expected to show German industrialoutput growth slowed at the end of last year. Speculators have been reducing short positions in thedollar, but some analysts say better U.S. economic data andcontinued progress in fighting the coronavirus pandemic will beneeded for further dollar gains. "Soft non-farm payrolls has really pulled the ladder outfrom under the dollar," said Yukio Ishizuki, foreign exchangestrategist at Daiwa Securities. "Now the markets are questioning whether the dollar can riseany further. A lot depends on the coronavirus, but we also needto know when U.S. fiscal stimulus will pass." Against the euro, the dollar traded at $1.2048after a 0.7% slump on Friday. The British pound bought $1.3736, close to analmost three-year high. The dollar was quoted at 105.38 yen, having pulledback from a three-month high reached on Friday. The U.S. economy created fewer jobs than expected in Januarywhile job losses the previous month were deeper than initiallyreported, data at the end of last week showed. The release of U.S. consumer prices and consumer sentimentlater this week will help determine whether a recent rise ininflation expectations and Treasury yields was justified. Any disappointing numbers from either report could knock thedollar lower, some analysts warn. The dollar index against a basket of six majorcurrencies stood at 91.084, nursing a 0.6% loss from Friday. Speculators\' net bearish bets on the dollar fell to $29.95billion for the week ended Feb. 2, compared with a net shortposition of $33.81 billion for the previous week, according tocalculations by Reuters and U.S. Commodity Futures TradingCommission data. In the cryptocurrency market, ethereum fell 3.88%to $1,615, extending a pullback from a record high ahead of thelisting of ethereum futures on the Chicago Mercantile Exchange. Bitcoin, the most popular cryptocurrency, fell0.88% to $38,936. Elsewhere, the Australian dollar held steady at$0.7678. Across the Tasman Sea, the New Zealand dollaredged up to $0.7209. ======================================================== Currency bid prices at 2358 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2048 $1.2050 -0.02% -1.39% +1.2060 +1.2032 Dollar/Yen 105.3800 105.3550 +0.05% +2.05% +105.4250 +105.4050 Euro/Yen 126.98 126.93 +0.04% +0.04% +127.0600 +126.8700 Dollar/Swiss 0.8990 0.8986 +0.00% +1.57% +0.8992 +0.8986 Sterling/Dollar 1.3736 1.3736 +0.00% +0.54% +1.3738 +1.3712 Dollar/Canadian 1.2759 1.2757 +0.02% +0.20% +1.2765 +1.2750 Aussie/Dollar 0.7678 0.7679 +0.03% -0.16% +0.7682 +0.7660 NZ 0.7209 0.7194 +0.25% +0.43% +0.7212 +0.7175 Dollar/Dollar All spotsTokyo spotsEurope spots Volatilities Tokyo Forex market info from BOJ (Reporting by Stanley White; Editing by Sam Holmes)', '* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Jobs data takes shine off dollar rebound * Investors looking to U.S. CPI, timing of stimulus * Ethereum falls in spot market as traders eye futures debut By Stanley White TOKYO, Feb 8 (Reuters) - The dollar nursed losses againstmost currencies on Monday as disappointing U.S. jobs data causedsome investors to scale back bets on a rebound in the greenback. The euro held gains versus the dollar but faces a test lateron Monday with data that is expected to show German industrialoutput growth slowed at the end of last year. Speculators have been reducing short positions in thedollar, but some analysts say better U.S. economic data andcontinued progress in fighting the coronavirus pandemic will beneeded for further dollar gains. "Soft non-farm payrolls has really pulled the ladder outfrom under the dollar," said Yukio Ishizuki, foreign exchangestrategist at Daiwa Securities. "Now the markets are questioning whether the dollar can riseany further. A lot depends on the coronavirus, but we also needto know when U.S. fiscal stimulus will pass." Against the euro, the dollar traded at $1.2048after a 0.7% slump on Friday. The British pound bought $1.3736, close to analmost three-year high. The dollar was quoted at 105.38 yen, having pulledback from a three-month high reached on Friday. The U.S. economy created fewer jobs than expected in Januarywhile job losses the previous month were deeper than initiallyreported, data at the end of last week showed. The release of U.S. consumer prices and consumer sentimentlater this week will help determine whether a recent rise ininflation expectations and Treasury yields was justified. Any disappointing numbers from either report could knock thedollar lower, some analysts warn. The dollar index against a basket of six majorcurrencies stood at 91.084, nursing a 0.6% loss from Friday. Speculators\' net bearish bets on the dollar fell to $29.95billion for the week ended Feb. 2, compared with a net shortposition of $33.81 billion for the previous week, according tocalculations by Reuters and U.S. Commodity Futures TradingCommission data. In the cryptocurrency market, ethereum fell 3.88%to $1,615, extending a pullback from a record high ahead of thelisting of ethereum futures on the Chicago Mercantile Exchange. Bitcoin, the most popular cryptocurrency, fell0.88% to $38,936. Elsewhere, the Australian dollar held steady at$0.7678. Across the Tasman Sea, the New Zealand dollaredged up to $0.7209. ======================================================== Currency bid prices at 2358 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2048 $1.2050 -0.02% -1.39% +1.2060 +1.2032 Dollar/Yen 105.3800 105.3550 +0.05% +2.05% +105.4250 +105.4050 Euro/Yen 126.98 126.93 +0.04% +0.04% +127.0600 +126.8700 Dollar/Swiss 0.8990 0.8986 +0.00% +1.57% +0.8992 +0.8986 Sterling/Dollar 1.3736 1.3736 +0.00% +0.54% +1.3738 +1.3712 Dollar/Canadian 1.2759 1.2757 +0.02% +0.20% +1.2765 +1.2750 Aussie/Dollar 0.7678 0.7679 +0.03% -0.16% +0.7682 +0.7660 NZ 0.7209 0.7194 +0.25% +0.43% +0.7212 +0.7175 Dollar/Dollar All spotsTokyo spotsEurope spots Volatilities Tokyo Forex market info from BOJ (Reporting by Stanley White; Editing by Sam Holmes)', "Fintech Header Quote To Start The Day: Excessive determinism is almost always the biggest enemy of stability. This seeming contradiction is behind the concept of metastability which captures the mode of market functioning in the last years. Metastability is what seems stable, but is not — a stable waiting for something to happen. [An] avalanche is a good example of metastability to keep in mind — a totally innocuous event can trigger a cataclysmic event (e.g., a skier’s scream, or simply continued snowfall until the snow cover is so massive that its own weight triggers an avalanche). Source: Aleksandar Kocic One Big Thing In Fintech: Robinhood’s primary means of driving revenue is making very small amounts of money on individual trades at scale. It does this by attracting large numbers of users using incentives such as “free” stocks and commission-free trading, retaining those users and encouraging trading activity via behavioral triggers in the app, and earning razor-thin margins on those trades through a process known as payment for order flow (PFOF). Prior to Robinhood’s launch, getting started with investing could be difficult and time-consuming. With much of its revenue dependent on attracting large numbers of users, Robinhood had to lower the traditional barriers to entry in investing — and did so by challenging the status quo of the entire brokerage industry. Source: CB Insights Other Key Fintech Developments: Bridge Mutual, AllianceBlock partner . Options platform Opyn raised $6.7M. CBOE plans to enter crypto markets. Is Koyfin the best for market analysis ? N26 plans to double down on growth. Twitter CEO sets up own BTC node . Fintech’s democratization of finance. Crypto exchange Bitfinex pays Tether. Deutsche Bank’s looks to blockchain. Splitit taps a $150M Goldman facility. Unpacking SWIFT’s PBOC ventures. Winklevoss’ exchange eyes banking . Stash raises $125M for growth, tech. Finxflo to launch a token-based raise. BNY, Google Cloud partnered over AI. Story continues Watch Out For This: Greta Thunberg accidentally shared a message showing she was getting told what to write on Twitter about the ongoing violent farmers’ revolt in India — sparking a police investigation and a political firestorm, according to reports. Source: NY Post Interesting Reads: 23andMe to go public through SPAC. Ebola case detected in eastern DRC. What’s DTCC? The story of clearing. Public tech companies are struggling . Bruce Springsteen to be in Jeep ads . Peloton to pump $100M into logistics. Opportunity in monetization, discovery. Bumble’s first date with public markets. Myanmar’s government eyes internet. Amazon warehouse workers eye vote . Citadel director talking stock volatility . Unpacked : Super Bowls and markets. Market Moving Headline: In light of a v-pattern recovery, after a quick de-risking event, U.S. stock indexes are positioned for further upside, as high as the 100% price projection, which happens to be above $4,000.00, a primary target in the S&P 500. Adding, this positive price action is happening in the context of bearish undercurrents, as evidenced by non-participatory speculative flows and delta, as well as a divergence in the DIX. Since price pays, participants ought to discount the bearish undercurrents, and position themselves for upside. Key Takeaways: - V-pattern recovery suggests higher prices. - Risks offset and funds lo
**Last 60 Days of Bitcoin's Closing Prices:**
[18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-08
**Financial & Commodity Data:**
- Gold Closing Price: $1831.90
- Crude Oil Closing Price: $57.97
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $728,540,826,997
- Hash Rate: 172612555.6190783
- Transaction Count: 335223.0
- Unique Addresses: 822971.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.83
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Litecoin Price Prediction: LTC Is On The Brink Of A Massive Breakout To $180 As Whales Go Into Buying Spree
Litecoin has been trading downwards since its peak of $185 on January 10 but has established a robust support level at $122. The digital asset seems to be on the verge of a breakout as several metrics have turned positive for LTC.
Polkadot Price Might Need To See A Strong 20% Pullback Before Resuming Uptrend
Polkadot had one of the best performances in 2021 reaching rank fourth above XRP with a market capitalization of $16 billion. Although DOT already had a significant pullback from its all-time high price of $19.4, the digital asset could be bounded to fall lower.
Yearn.Finance Price Analysis: Only This Crucial Level Separates YFI From Reaching $40,000
YFI is currently trading at $30,000 and has been moving sideways for the past week. It seems that one crucial resistance level is separating Yearn.Finance from a massive breakout towards a high of $40,000.
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- Reddit Posts (Sample): [['u/louisa1290', 'Will Bitcoin crash in 2021?', 17, '2021-02-08 00:32', 'https://www.reddit.com/r/Bitcoin/comments/leynes/will_bitcoin_crash_in_2021/', 'I have spoken to several people who believe a big crash will come this year (especially following the recent all time high). Redditors, what are your thoughts?\n\nEdit: Question meant for discussion. As with everything, it is impossible to know for certain.\n\nEdit 2: People being acquaintances who own cryptocurrency (I do not). A few have sold out, a few hodl as they believe in the technology and will continue to hold whatever happens. As always there is speculation from people I do not know as well (see articles like this one https://www.forbes.com/sites/investor/2021/01/13/bitcoin-crash-2021-what-next/).', 'https://www.reddit.com/r/Bitcoin/comments/leynes/will_bitcoin_crash_in_2021/', 'leynes', [['u/americanarmyknife', 20, '2021-02-08 03:04', 'https://www.reddit.com/r/Bitcoin/comments/leynes/will_bitcoin_crash_in_2021/gmjcnkc/', 'Thing is, BTC crashed in 2018 after reaching 20k.\n\nNow it\'s worth double that.\n\nSo if you\'re telling me even if it "crashes" again, I only have to wait two years for it to be worth ~six figures? You son of a bitch, I\'m in.', 'leynes']]], ['u/8A8', 'Genuine long-term question regarding a larger block size.', 27, '2021-02-08 00:57', 'https://www.reddit.com/r/btc/comments/lez4v6/genuine_longterm_question_regarding_a_larger/', "I've been a long proponent of bigger blocks, so I hope this isn't seen as a shill question.\n\n[Here's me posting our first ever big-block on this subreddit.](https://www.reddit.com/r/btc/comments/6rfjxa/4mb_block/)\n\nBut I am concerned about the long term future of big blocks. In a few decades, the block reward will be significantly diminished. We're talking about the future where the block reward isn't 6.25 coins, but instead is in the 5-6 digits of satoshis and less.\n\nBitcoin was designed so that as the miners become less reliant on the new-coin generation portion of the block reward, they will become more reliant on the transaction fees in the block - and as the year 2140 approaches and passes, the miners will be 100% reliant and incentivized to mine through the transaction fees of the blocks they mine - and we NEED those miners in droves, or else we are subject to 51% attacks and malicious parties\n\nSo, my question is - if we have large enough block sizes that permit people to actually send transactions quickly and for pennies decades from now, with room in the blocks to spare - what will be incentivizing the miners to actually mine? They wont be getting the revenue they would be anymore from new coin generation, and they wont be getting the TX fees since the blocks are big enough that even a 1sat/byte fee can fit.\n\nOr am I overlooking something?", 'https://www.reddit.com/r/btc/comments/lez4v6/genuine_longterm_question_regarding_a_larger/', 'lez4v6', [['u/mrtest001', 10, '2021-02-08 03:16', 'https://www.reddit.com/r/btc/comments/lez4v6/genuine_longterm_question_regarding_a_larger/gmje8fn/', '1700 tx per second is not $1.70 per second, but $17.00....or $536M per year.\n\nLong term, the coinbase will be effectively 0 in 28 years (0.05 coin per block).\n\nSo miners will get paid primarily through fees. If BTC miners expect same pay then as now that comes to - over $100 fee per txn.\n\nSo lets say someone spends $600M a year to try to disrupt Bitcoin - What might a disruption look like? \nJust process 0 transactions? I am not sure how this might play out, but there will also be miners who will defend the chain. \n\nand I am not sure how this relates to big blocks. BTC with small blocks will have the exact same issue if someone decides to spend $600M to attack.\n\nThere may be mechanisms in place by then to orphan bocks that don\'t process, say at least 50% of the transactions that are visible to the network. So an attacker not only has to pay electricity, but also pay much more in fees if another miner happens to mine their "fake" transactions.', 'lez4v6']]], ['u/Jeredriq', 'My Price Prediction', 51, '2021-02-08 01:13', 'https://www.reddit.com/r/IOTAmarkets/comments/lezfik/my_price_prediction/', "Firstly, I bought IOTA at ATH. Yeah, so dont trust me and dont take this as a trading advice but I just wanted to share my thoughts for fun.\n\n​\n\nAs you all may know, we have 3 stages of any exchange. Bull, Bear and horizontal (? im not sure about the english term). We had around 3 month bull run, around a 7-8 month bear run and we have been staying horizontally in a bear trend for 2 and a half years. Our diamond hands are even stronger than Wolverine's claws. And only the people that truly believe in this project are left.\n\n​\n\nhttps://preview.redd.it/ex74ulq385g61.png?width=1325&format=png&auto=webp&s=2f872c21df3cef517822dddfe2c2b3e103b1400d\n\nFrom this [tradingview](https://i.imgur.com/mLRt7Mp.png) idea for long term, I can say we've got the 0,55 confirmation and we are waiting for 1,29 confirmation (I just realized I cut out the prices, I am a retard sorry) . After that IOTA will gain speed because it went from top 10 to currently 37. It will jump more with each price confirmation and I believe it will draw more people into IOTA. And even though BTC / ETH and other altcoins' prices starts to go down, IOTA will stand because it had a such a long squeeze. It does not get effected by how much BTC & ETH price gains momentum, so it will not get effected when they fall. My final price predictions for BTC and ETH in this bull run are 65K and 3K, then they may get bearish. At that time I expect more people to come to IOTA too, like Dogecoin still going because of the people that saw the huge gain and joined.\n\n​\n\nAnyways I expect the price confirmations **around** the given dates:\n\n* 1,29 confirmation around 15th Of Feb\n* 2,05 confirmation around 25th Of Feb\n* 2,78 confirmation around 8th Of March (and I expect BTC and ETH to become bearish after this)\n* 6,47 confirmation around 22nd Of April (hopefully)\n* 12,83 confirmation may not happen, take it as a sell some of your profit point, 9th of July\n\n**I DID NOT TAKE ANY ACTION ACCORDING TO THIS, DID NOT BOUGHT MORE IOTA**. If 15th Feb thing happens, I may think of buying **BUT PLEASE DO NOT TAKE THIS AS A TRADING ADVICE**. I just wanted to have fun and if I predicted accordingly, be an ass about it.", 'https://www.reddit.com/r/IOTAmarkets/comments/lezfik/my_price_prediction/', 'lezfik', [['u/Mananna', 19, '2021-02-08 09:43', 'https://www.reddit.com/r/IOTAmarkets/comments/lezfik/my_price_prediction/gmkb4tk/', 'I like your enthusiasm, but I am highly sceptical, even about your first goal of 1,29 at 15th of February.\nStill wish that you are right!', 'lezfik']]], ['u/GraybushActual916', 'FUTU update and new analysis', 42, '2021-02-08 01:15', 'https://www.reddit.com/r/Vitards/comments/lezh2e/futu_update_and_new_analysis/', 'Hello everyone. I used to post to WSB, but that place is a crowded GameStop meme dumping ground. I’ve received a lot of messages me for more info about his post I did that made followers aware of FUTU.\n\nhttps://www.reddit.com/r/wallstreetbets/comments/knrvsy/some_of_my_holdings_heading_into_2021_futu_will/?utm_source=share&utm_medium=ios_app&utm_name=iossmf\n\nOne of the followers that messaged me requested that I post about it here. FUTU is up 300% since I first posted about it a month ago. I think it still has a long way to go. I’ve been using their apps and see a lot of raw potential. The trading functionality leaves a lot to be desired, but I find myself using it more than any other apps on my phone. \n\nBelow is a solid analysis from a Chinese friend that I met on FUTU:\n\nWhy would $FUTU be worth much more than you’ve expected?\nI’m not going to talk about financial data though it’s already super outstanding. Here are my points:\nA social network about money, stocks, investment, business, and many related topics…\nAn education platform for all the topics above\nA wealth management utility for the young generation in China\nA potential fintech company\nSocial Network\nFUTU app has a super high retention rate and a nearly perfect engagement rate. I’ve talked to many users on the app, they logged on the app more than 360 days a year in 2020. I’ve also convinced my wife to switch from Xueqiu to Futu, and she’s now a 100% FUTU user.\nXueqiu is a Chinese social network like StockTwits in China. It has 30M - 70M monthly active users according to SimilarWeb data. And I’ve read a lot of comments on Xueqiu. People are moving from Xueqiu to FUTU. It’s a trend like in 2010, people moving to Facebook from Orkut (in Brazil) and NZ networks (in Germany).\nThere are many reasons that FUTU is a better place to stay than Xueqiu. One of which is that the founder/CEO of FUTU is from the founding team of Tencent($TCEHY). Those folks really know how to run a social network and are invincible in this area. Besides, the CEO himself enjoys running the community a lot by interacting with active users on a daily basis. If you @ him for a feature request or asking for support, as long as your words are not too boring, he’ll get back to you in minutes.\n\nI check Niuniu moments (similar to https://en.wikipedia.org/wiki/WeChat#Moments) from time to time. I can feel the discussion is getting more and more active and lively. Try post something insightful on a stock symbol and you’d get hundreds and even thousands of replies in a short time.\nEducation platform\nFUTU has created a lot of high-quality educational content (text, video clips, and interactive apps). As long as my investigation, those products also have very high retention and engagement.\nI’m very bullish on Education products. It’s like the infrastructure of a company’s marketing works. More new users will be joining this platform because it has the highest quality of materials they desired. And those new users will be conver...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Dollar still nursing wounds from disappointing U.S. jobsfigures * Bitcoin soars most since 2017 after Tesla backs digitalcurrency * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 9 (Reuters) - The dollar languished near itslowest in a week on Tuesday as investors began entertainingdoubts about the scale of a recent rally driven by expectationsof a faster pandemic recovery in the United States thanelsewhere. The spotlight remained on bitcoin as it reached arecord above $47,000, building on a nearly 20% surge overnightthat was the biggest since 2017, after Tesla Incannounced a $1.5 billion investment in the digital asset. The dollar index against a basket of major currencies hasvacillated around 91 since disappointing U.S. jobs data onFriday knocked the wind out of a two-week run that had lifted itto a more than two-month high of 91.6. It last traded at 90.935. Investors had pushed up the greenback thanks to a fasterU.S. vaccine rollout relative to most other countries, and asDemocrats moved to fast-track President Joe Biden\'s $1.9trillion COVID-19 relief package. Many analysts, though, see that massive fiscal spendingcoupled with continued ultra-easy Federal Reserve monetarypolicy dragging down the dollar in the longer term. "The bottom line is a large stimulus is highly likely topass soon, exacerbating the widening in the U.S. current accountdeficit, and weighing on the USD," Commonwealth Bank ofAustralia currency analyst Joseph Capurso said in a client note. Europe\'s "lagging" vaccination program will cap the euronear-term but the continent should catch up by the summer, afterwhich the single currency could rally to $1.28 for the firsttime since 2014, he said. The euro was little changed at $1.2055 in early Asiantrading on Tuesday, up from the two-month low of $1.9520 touchedFriday. The dollar was mostly flat at 105.21 yen, after climbing to105.765 at the end of last week for the first time sinceOctober. Elsewhere, Tesla sent bitcoin surging by saying in its 2020annual report on Monday that it had bought $1.5 billion of theworld\'s most popular cryptocurrency as part of its broadinvestment policy, and that it expected to begin accepting thedigital asset as payment for its products "in the near future." "This is a turning point for how we view digitalcurrencies," said Junichi Ishikawa, a foreign-exchangestrategist at IG Securities in Tokyo. "From here on, bitcoin will be genuinely considered as anasset available for selection by asset managers in theirportfolios." Bitcoin traded at $47,073 after pushing to a new recordat$47,565.86 on Tuesday. Rival coin ethereum changed hands at $1,746.50 afterreaching an unprecedented $1,784.85 on Monday. ======================================================== Currency bid prices at 9:15AM (015 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2054 $1.2050 +0.03% -1.34% +1.2055 +1.2049 Dollar/Yen 105.1720 105.2100 +0.00% +1.86% +105.2470 +0.0000 Euro/Yen 126.78 126.78 +0.00% -0.11% +126.8300 +126.7500 Dollar/Swiss 0.8985 0.8989 -0.03% +1.57% +0.8990 +0.8986 Sterling/Dollar 1.3744 1.3742 +0.04% +0.62% +1.3744 +1.3739 Dollar/Canadian 1.2736 1.2740 +0.00% +0.05% +1.2740 +1.2736 Aussie/Dollar 0.7707 0.7704 +0.05% +0.20% +0.7708 +0.7701 NZ 0.7226 0.7220 +0.12% +0.67% +0.7228 +0.7219 Dollar/Dollar All spotsTokyo spotsEurope spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin BucklandEditing by Shri Navaratnam)', '* Dollar still nursing wounds from disappointing U.S. jobsfigures * Bitcoin soars most since 2017 after Tesla backs digitalcurrency * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 9 (Reuters) - The dollar languished near itslowest in a week on Tuesday as investors began entertainingdoubts about the scale of a recent rally driven by expectationsof a faster pandemic recovery in the United States thanelsewhere. The spotlight remained on bitcoin as it reached arecord above $47,000, building on a nearly 20% surge overnightthat was the biggest since 2017, after Tesla Incannounced a $1.5 billion investment in the digital asset. The dollar index against a basket of major currencies hasvacillated around 91 since disappointing U.S. jobs data onFriday knocked the wind out of a two-week run that had lifted itto a more than two-month high of 91.6. It last traded at 90.935. Investors had pushed up the greenback thanks to a fasterU.S. vaccine rollout relative to most other countries, and asDemocrats moved to fast-track President Joe Biden\'s $1.9trillion COVID-19 relief package. Many analysts, though, see that massive fiscal spendingcoupled with continued ultra-easy Federal Reserve monetarypolicy dragging down the dollar in the longer term. "The bottom line is a large stimulus is highly likely topass soon, exacerbating the widening in the U.S. current accountdeficit, and weighing on the USD," Commonwealth Bank ofAustralia currency analyst Joseph Capurso said in a client note. Europe\'s "lagging" vaccination program will cap the euronear-term but the continent should catch up by the summer, afterwhich the single currency could rally to $1.28 for the firsttime since 2014, he said. The euro was little changed at $1.2055 in early Asiantrading on Tuesday, up from the two-month low of $1.9520 touchedFriday. The dollar was mostly flat at 105.21 yen, after climbing to105.765 at the end of last week for the first time sinceOctober. Elsewhere, Tesla sent bitcoin surging by saying in its 2020annual report on Monday that it had bought $1.5 billion of theworld\'s most popular cryptocurrency as part of its broadinvestment policy, and that it expected to begin accepting thedigital asset as payment for its products "in the near future." "This is a turning point for how we view digitalcurrencies," said Junichi Ishikawa, a foreign-exchangestrategist at IG Securities in Tokyo. "From here on, bitcoin will be genuinely considered as anasset available for selection by asset managers in theirportfolios." Bitcoin traded at $47,073 after pushing to a new recordat$47,565.86 on Tuesday. Rival coin ethereum changed hands at $1,746.50 afterreaching an unprecedented $1,784.85 on Monday. ======================================================== Currency bid prices at 9:15AM (015 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2054 $1.2050 +0.03% -1.34% +1.2055 +1.2049 Dollar/Yen 105.1720 105.2100 +0.00% +1.86% +105.2470 +0.0000 Euro/Yen 126.78 126.78 +0.00% -0.11% +126.8300 +126.7500 Dollar/Swiss 0.8985 0.8989 -0.03% +1.57% +0.8990 +0.8986 Sterling/Dollar 1.3744 1.3742 +0.04% +0.62% +1.3744 +1.3739 Dollar/Canadian 1.2736 1.2740 +0.00% +0.05% +1.2740 +1.2736 Aussie/Dollar 0.7707 0.7704 +0.05% +0.20% +0.7708 +0.7701 NZ 0.7226 0.7220 +0.12% +0.67% +0.7228 +0.7219 Dollar/Dollar All spotsTokyo spotsEurope spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin BucklandEditing by Shri Navaratnam)', 'SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin. Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report. Bitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far. Ethereum hit a record of $1,784. (Reporting by Tom Westbrook in Singapore and Stanley White in Tokyo; Editing by Himani Sarkar)', 'SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin. Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report. Bitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far. Ethereum hit a record of $1,784. (Reporting by Tom Westbrook in Singapore and Stanley White in Tokyo; Editing by Himani Sarkar)', 'SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin.\nBitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.\nBitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far. Ethereum hit a record of $1,784.\n(Reporting by Tom Westbrook in Singapore and Stanley White in Tokyo; Editing by Himani Sarkar)', 'SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin. Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report. Bitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far. Ethereum hit a record of $1,784. (Reporting by Tom Westbrook in Singapore and Stanley White in Tokyo; Editing by Himani Sarkar)', 'SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin.\nBitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.\nBitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far. Ethereum hit a record of $1,784.\n(Reporting by Tom Westbrook in Singapore and Stanley White in Tokyo; Editing by Himani Sarkar)', 'SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record
**Last 60 Days of Bitcoin's Closing Prices:**
[18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-09
**Financial & Commodity Data:**
- Gold Closing Price: $1835.30
- Crude Oil Closing Price: $58.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $728,540,826,997
- Hash Rate: 152367873.16992718
- Transaction Count: 360137.0
- Unique Addresses: 903883.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: New acquisition to provide full-suite of Blockchain solutions for Launch of new Division focusing on Consumer Privacy and Security
VANCOUVER, British Columbia, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. ("Victory Square" or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: digital health, gaming, blockchain, AR/VR, cybersecurity, and cloud computing, is pleased to announce that it has signed an Asset Purchase Agreement (the “APA”) dated February 1, 2021 to acquire certain intellectual property assets (the “Acquisition”) of Aspen Technologies Inc. (“Aspen”), a technology company focused on building Blockchain and Cybersecurity solutions.
Aspen, is best-known for its work in developing an ecosystem of hardware, software, and networking products to meet increased global consumer demand for new age technology.
Through the Acquisition, the Company has acquired certain key digital assets of Aspen, including the following six anchor products currently deployed in the marketplace and or in late-stage development:
• VPNNetwork- using Patented Mining Technology to generate revenue;
• Decentralized Database- Data Network which crowd-sources computer storage to deliver a decentralized database that is more secure, tamper-proof and scalable than traditional offerings. (Peer-to-Peer Privacy Mesh);
• A Digital Asset Exchange- to be licensed globally as an Exchange-as-a-Service;
• Crowd-BackedCreditCard- decentralized pools of capital, small lenders and investors (individuals), underwrite the issuance of credit card;
• OnlineVirtualCurrencyPlatform- which allows customers to buy, sell, and spend Bitcoin, Bitcoin Cash, Ethereum & Litecoin
• WiFi Monitor- Plug & Play Privacy that delivers faster browsing and safer, more private internet on every device in your home. (Protects every device from smartphones, kids' Tablets, Smart TVs, Smart Fridges and other at home IOT devices)
This Acquisition furthers Victory Square’s commitment to leveraging the latest technology to deliver products and services for an open and more secure internet. Innovations that change the way the world manages information, analyzes data, purchases and consumes goods, and communicates across the globe.
“These Web 3.0 assets represent a strategic addition to our growing portfolio of next gen internet tech,” said Victory Square Chief Executive Officer Shafin Diamond Tejani. “Blockchain technology will have an overwhelming effect on the way consumers adopt and use everyday products in the future. Having already developed a suite of ground-breaking software and hardware solutions catering to consumers that will inevitably utilize blockchain products in the future, we saw an immediate opportunity to bring the team and technology in house and assist in scaling their operations to serve a growing demand.”
Following closing of the transaction, Victory Square will launch a new division that focuses on consumer security related products, diversifying the current enterprise database and providing blockchain solutions.
“The last privacy and security wave was driven by business concerns; the next will be driven by consumers. People have become more aware of how open their data really is. With this strategic acquisition we can service those needs. Aspen has a proven track record and expertise in producing highly secure consumer products, the addition of these technologies accelerates Victory Square’s growth strategy as we equip the company to meet both the enterprise and consumer privacy and decentralization requirements today and in the future,” concluded Tejani.
“As we continue to pursue our vision of leading the next generation of technology entrepreneurs to build world class products, we remain confident in our ability to scale our portfolio companies aggressively and maintain a healthy pipeline of acquisitions with a focus on increasing value for Victory Square shareholders,” added Tejani.
Terms of the Acquisition
In consideration for the Acquisition, the Company will issue 4,600,048 common shares in the capital of the Company (the “Consideration Shares”) at a deemed issue price of $0.80 Canadian per Consideration Share as well as forgive an aggregate of $1,587,001 owed from Aspen to the Company for aggregate transaction consideration of $5,267,040. In accordance with the terms of the APA, the Consideration Shares shall be subject to a four months and one day statutory hold period from the date of issuance. Closing of the acquisition is expected to occur on or about February 15, 2021, unless otherwise agreed between the Parties. Completion of the Acquisition will be subject to compliance with applicable laws including policies of the Canadian Securities Exchange as well as satisfactory completion of due diligence by the Company and other customary conditions to closing.
The Company also announces that it has launched a 12-month online marketing campaign through AGORACOM for the purposes of targeting new potential investors and engaging current shareholders. The Company is paying $75,000 + HST to be paid in Shares in 5 instalments. The number of shares to be issued at the end of each period will be determined after the date that the advertising services are provided to Victory Square, and will be calculated using the closing price of that day.
The Company has also launched a “CEO Verified” Discussion Forum on AGORACOM to serve as the Company’s primary social media platform to interact with both current and prospective shareholders in a fully moderated environment.
The Victory Square discussion forum can be found at:
https://agoracom.com/ir/VictorySquareTechnologies/forums/discussion
About AGORACOM
AGORACOM is a pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.
Check out VictorySquare.com and sign up to VST's official newsletter atwww.VictorySquare.com/newsletter.
On behalf of the board,
Shafin Diamond TejaniChief Executive OfficerVictory Square Technologies Inc.
For further information about the Company, please contact:
Investor Relations Contact – Edge Communications Group Email:[email protected]: 604 283-9166
Media Relations Contact – Howard Blank, Director Email:[email protected]: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.
VST's sweet spot is the cutting-edge tech that's shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn't just another investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visitwww.victorysquare.com.
Cautionary Disclaimers
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Any securities referred to herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. Person absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or under any U.S. state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable U.S. state securities laws. This release does not constitute an offer to sell or a solicitation of an offer to buy such securities in the United States, Canada or in any other jurisdiction where such offer, solicitation or sale is unlawful.
Forward Looking Statement
This news release contains “forward-looking information” within the meanin...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Even before Tesla (TSLA) surprised the crypto markets on Monday withnews of its $1.5 billionbitcoin (BTC-USD) buy in January, disruption investor Cathie Wood and her team at Ark Investhad been modelingfor more companies to use bitcoin as an alternative to cash on the balance sheet.\n“We have been expecting institutions to start moving into Bitcoin and other crypto assets, but primarily bitcoin,” Wood toldYahoo Finance Presentslast week.\nAccording to Ark’s Big Ideas for 2021, if all S&P 500 companies were to allocate 1% of their cash to bitcoin, its price could increase by approximately $40,000. If those companies moved 10% of their cash to bitcoin, Ark sees the cryptocurrency climbing by $400,000.\nSpeaking toYahoo Finance Presents, Wood called Square(SQ)and MicroStrategy’s (MSTR) earlier bitcoin moves bullish for crypto and a roadmap for public companies to deploy bitcoin as a legitimate alternative to cash.\n“What surprised me and us generally was to watch MicroStrategy — which has put... all the cash on its balance sheet into bitcoin — even did another equity offering so it could put more cash on its balance sheet. And I think that's a little crazy, because I think the regulators will have something to say about this,” Wood said. “But, then you saw Square put 1% of all of its assets in Bitcoin and I think you're going to see more of that.”\nTesla’s recent bitcoin investment amounts toabout 8% of the company’s cash reserves.\nSee Also:Reddit traders are helping to inflate a bond bubble: Ark's Cathie Wood\nWood’s call for bitcoin to go higher this year has already been proven right. BTC hit an all time high of nearly $48,000 on Tuesday.\n“Bitcoin is only [at] roughly a $600 billion market cap,” Wood says. “So even half the size of Apple or Amazon, right now. Doesn't that put it into perspective? And yet, it is a very big idea, I think. A much bigger idea than Apple or Amazon.”\n-\nJen Rogers is an anchor for Yahoo Finance Live. Follow her on Twitter@JenSaidIt.\nMore from Jen:\n• Why Ark’s Cathie Wood remains bullish on Bitcoin, Tesla\n• How back to school is going for Congress’s only single mom\n• Why Big Tech needs to slow down: Meena Harris\nFind live stock market quotes and the latest business and finance news\nFollow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andreddit.", "Even before Tesla ( TSLA ) surprised the crypto markets on Monday with news of its $1.5 billion bitcoin ( BTC-USD ) buy in January, disruption investor Cathie Wood and her team at Ark Invest had been modeling for more companies to use bitcoin as an alternative to cash on the balance sheet. “We have been expecting institutions to start moving into Bitcoin and other crypto assets, but primarily bitcoin,” Wood told Yahoo Finance Presents last week. According to Ark’s Big Ideas for 2021, if all S&P 500 companies were to allocate 1% of their cash to bitcoin, its price could increase by approximately $40,000. If those companies moved 10% of their cash to bitcoin, Ark sees the cryptocurrency climbing by $400,000. Ark Invest: Big Ideas 2021 Speaking to Yahoo Finance Presents , Wood called Square (SQ) and MicroStrategy’s ( MSTR ) earlier bitcoin moves bullish for crypto and a roadmap for public companies to deploy bitcoin as a legitimate alternative to cash. “What surprised me and us generally was to watch MicroStrategy — which has put... all the cash on its balance sheet into bitcoin — even did another equity offering so it could put more cash on its balance sheet. And I think that's a little crazy, because I think the regulators will have something to say about this,” Wood said. “But, then you saw Square put 1% of all of its assets in Bitcoin and I think you're going to see more of that.” Tesla’s recent bitcoin investment amounts to about 8% of the company’s cash reserves . See Also: Reddit traders are helping to inflate a bond bubble: Ark's Cathie Wood Wood’s call for bitcoin to go higher this year has already been proven right. BTC hit an all time high of nearly $48,000 on Tuesday. “Bitcoin is only [at] roughly a $600 billion market cap,” Wood says. “So even half the size of Apple or Amazon, right now. Doesn't that put it into perspective? And yet, it is a very big idea, I think. A much bigger idea than Apple or Amazon.” - Jen Rogers is an anchor for Yahoo Finance Live. Follow her on Twitter @JenSaidIt . Story continues More from Jen: Why Ark’s Cathie Wood remains bullish on Bitcoin, Tesla How back to school is going for Congress’s only single mom Why Big Tech needs to slow down: Meena Harris Find live stock market quotes and the latest business and finance news Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and reddit .", 'A crypto data and analytics platform CoinMarketCap has added Tesla to a list of coins. Although at the top of the list, it’s not an actual coin that can be traded. What Happened: The move is merely a recognition of the impact of the recent Tesla Inc (NASDAQ: TSLA ) announcement of $1.5 billion investment in Bitcoin, the company says. “Elon Musk is — to use Gladwellian parlance — the ultimate salesmen for crypto. The decision to add the Model 3 on our site is a fitting denouement to Elon\'s coquettish flirtation with DOGE and BTC on Twitter over the past few weeks and is likely to be the tipping point for crypto to infiltrate the zeitgeist,” a CoinMarketCap Head of Listings explains. To continue Gladwell\'s analogy, “Salesmen are "persuaders", charismatic people with powerful negotiation skills. They tend to have an indefinable trait that goes beyond what they say, which makes others want to agree with them. Gladwell\'s examples include California businessman Tom Gau and news anchor Peter Jennings,” which seems to perfectly describe Musk\'s influence. Tesla announcement sent the Bitcoin price soaring to a new high, $46,478 at the time of writing. The current price of the Tesla “coin” on CMC is $37,990 , which is an entry-level price of Tesla Model 3. The data platform did not specify when, if ever, it’s going to take the “coin” down. Image: CoinMarketCap See more from Benzinga Click here for options trades from Benzinga Bitcoin Inflows Surpass Tech Stocks: Report © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'A crypto data and analytics platform CoinMarketCap has added Tesla to a list of coins. Although at the top of the list, it’s not an actual coin that can be traded.\nWhat Happened:The move is merely a recognition of the impact of the recentTesla Inc(NASDAQ:TSLA) announcement of $1.5 billion investment in Bitcoin, the company says.\n“Elon Musk is — to use Gladwellian parlance — the ultimate salesmen for crypto. The decision to add the Model 3 on our site is a fitting denouement to Elon\'s coquettish flirtation with DOGE and BTC on Twitter over the past few weeks and is likely to be the tipping point for crypto to infiltrate the zeitgeist,” a CoinMarketCap Head of Listings explains.\nTo continue Gladwell\'s analogy, “Salesmen are "persuaders", charismatic people with powerful negotiation skills. They tend to have an indefinable trait that goes beyond what they say, which makes others want to agree with them. Gladwell\'s examples include California businessman Tom Gau and news anchor Peter Jennings,” which seems to perfectly describe Musk\'s influence.\nTesla announcement sent the Bitcoin price soaring to a new high, $46,478 at the time of writing.\nThe current price of the Tesla “coin” on CMC is$37,990, which is an entry-level price of Tesla Model 3.\nThe data platform did not specify when, if ever, it’s going to take the “coin” down.\nImage: CoinMarketCap\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Bitcoin Inflows Surpass Tech Stocks: Report\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'By Caroline Valetkevitch\nNEW YORK (Reuters) - MSCI\'s gauge of stocks across the globe rose on Wednesday for an eighth straight session even as the S&P 500 eased, and U.S. Treasury yields tumbled on data showing inflation remained tame in January.\nU.S. Federal Reserve Chair Jerome Powell, in remarks to the Economic Club of New York, called for a more comprehensive approach to end the jobs crisis while reassuring investors interest rates will remain low to spur the economy and jobs growth.\n"Basically Powell is saying he\'s not changing his tune, and that simply means between the combination of an overly friendly Fed and stimulus, that\'s just adding more enthusiasm to the marketplace," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.\nBets on more fiscal aid have powered Wall Street\'s main indexes to a series of all-time peaks, with investors moving into sectors such as energy, banks and industrials that are poised to benefit from a recovering economy.\nOn Wednesday, the S&P consumer discretionary and technology sectors ended lower and were the biggest drags on the S&P 500 in a volatile session. The S&P 500 hit a record high at the opening.\nInterest from retail investors appeared to broadly lift cannabis stocks, signaling the recent trading frenzy behind Reddit favorites such as GameStop is shifting to other companies. Shares of Tilray jumped 50.9%.\nSupporting the S&P 500, Twitter Inc shares rose 13.2%, a day after the company beat Wall Street estimates for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom.\nThe Dow Jones Industrial Average rose 61.97 points, or 0.2%, to 31,437.8, the S&P 500 lost 1.35 points, or 0.03%, to 3,909.88 and the Nasdaq Composite dropped 35.16 points, or 0.25%, to 13,972.53.\nThe pan-European STOXX 600 index lost 0.23% and MSCI\'s gauge of stocks across the globe gained 0.20%. The MSCI index also registerd a record high.\nBitcoin, meanwhile, consolidated recent gains on Wednesday, trading 3.7% lower at $44,7
**Last 60 Days of Bitcoin's Closing Prices:**
[18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-10
**Financial & Commodity Data:**
- Gold Closing Price: $1840.60
- Crude Oil Closing Price: $58.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $842,654,569,719
- Hash Rate: 152367873.16992718
- Transaction Count: 340758.0
- Unique Addresses: 861426.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: XRP (XRP) traded 19.14% lower over a 24-hour trailing period at $0.227 at press time, as per CoinMarketCap data. What Happened: Coinbase, a major cryptocurrency exchange desk based in Silicon Valley, delivered another jolt to Ripple on Monday, saying it had decided to suspend the XRP trading pairs on its platform in light of the SEC lawsuit, starting Jan. 19. The XRP trading on the Coinbase platform moved into the limit only mode on Monday. Coinbase Chief Legal Officer Paul Grewal said in a statement the exchange desk would continue to monitor legal developments related to XRP. Why It Matters: XRP has been seeing overall weakness since last week as Ripple Labs Inc. disclosed the U.S. Securities and Exchange Commission intended to sue the company over allegedly conducting an unregistered $1.3-billion securities offering. There has long been a controversy over whether certain cryptocurrencies are securities that should be registered with the SEC. Ripple has maintained that XRP isnt a security and the companys CEO Brad Garlinghouse has vowed to fight the SEC lawsuit. The payments network company claimed that other major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) were indirectly under Chinese control, in a Wells Notice to the SEC. XRP was a cryptocurrency with one of the highest returns in the latest rally that took off in July until the SEC lawsuit disclosure. It now sits behind Bitcoin, Ethereum, and Tether (USDT), in terms of market valuation, at $10.3 billion, as per CoinMarketCap data. See Also: Ripple, XRP And The SEC: What You Need To Know See more from Benzinga Click here for options trades from Benzinga Elon Musk Says Taking Tesla Private 'Impossible' Now Apple Added More Gains In A Day On EV Rumors Than GM's Entire Valuation © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/LimyBirder', 'Why would anyone use bitcoin on gambling sites??', 16, '2021-02-10 00:45', 'https://www.reddit.com/r/gambling/comments/lggs9k/why_would_anyone_use_bitcoin_on_gambling_sites/', 'I just used bitcoin for the first time for a deposit on Bovada, thinking it would save on fees. My $100 turned into less than $82. I used a coinbase account and transferred to a blockchain wallet, as suggested by Bovada. WTF?', 'https://www.reddit.com/r/gambling/comments/lggs9k/why_would_anyone_use_bitcoin_on_gambling_sites/', 'lggs9k', [['u/gmansecondhand', 13, '2021-02-10 01:32', 'https://www.reddit.com/r/gambling/comments/lggs9k/why_would_anyone_use_bitcoin_on_gambling_sites/gmrg75p/', 'Bitcoin fees are variable, you may have just gotten unlucky. From cashapp-> bovada i usually lose about $4 on a $100 deposit', 'lggs9k'], ['u/blackboy211', 18, '2021-02-10 01:40', 'https://www.reddit.com/r/gambling/comments/lggs9k/why_would_anyone_use_bitcoin_on_gambling_sites/gmrh412/', "Some countries don't allow online gambling. Even all the banks blocks credit card transfers as the transactions are marked as suspicious. Hence the need for crypto.", 'lggs9k']]], ['u/talanhorne', 'Selling your Bitcoin is now riskier than taking out a loan', 36, '2021-02-10 00:54', 'https://www.reddit.com/r/Bitcoin/comments/lggz5s/selling_your_bitcoin_is_now_riskier_than_taking/', 'I see occasional messages from people admitting they sold some/all of their bitcoin to pay off their college debt or buy a house.\n\nThose posts used to make sense to me. You have needs, and if selling Bitcoin can fill those needs, all the better for you.\n\nBut we have now reached a point where selling your bitcoin will end up costing MORE than going into debt.\n\nWhat good does it do you to avoid, say, a $500k debt on a house if it means sacrificing coins that will be worth millions within a few years? You are better served by holding onto the coins you have, even if it means going into debt to satisfy your needs (especially as worldwide interest rates drop like a rock).\n\nNaturally, you still want to avoid all *unnecessary* debts (vacation debt, credit card debt, etc), but on the whole, going into debt is now a *less risky* proposition than selling bitcoins you hold.', 'https://www.reddit.com/r/Bitcoin/comments/lggz5s/selling_your_bitcoin_is_now_riskier_than_taking/', 'lggz5s', [['u/DocHodliday', 16, '2021-02-10 01:00', 'https://www.reddit.com/r/Bitcoin/comments/lggz5s/selling_your_bitcoin_is_now_riskier_than_taking/gmrci7m/', "I'm with ya, man. I used to think a 15yr mortgage made sense. Not anymore w low rates. 30 year it and throw the excess in btc. House principal has nil returns.", 'lggz5s'], ['u/godownmyami', 10, '2021-02-10 02:43', 'https://www.reddit.com/r/Bitcoin/comments/lggz5s/selling_your_bitcoin_is_now_riskier_than_taking/gmrocvb/', 'The post of the guy that pulled out 120 months of fiat to live off of blew my mind. Why wouldn’t he pull out 5 months of fiat and let the 115 months he left in Bitcoin double again so it could be 230 months worth', 'lggz5s']]], ['u/TheW11NK', '$50 a week', 30, '2021-02-10 00:55', 'https://www.reddit.com/r/Bitcoin/comments/lggzpp/50_a_week/', 'Would it make sense at all to buy $50-$100 of Bitcoin each week or is that just dumb of me?', 'https://www.reddit.com/r/Bitcoin/comments/lggzpp/50_a_week/', 'lggzpp', [['u/masterxbtc', 19, '2021-02-10 00:57', 'https://www.reddit.com/r/Bitcoin/comments/lggzpp/50_a_week/gmrc2e0/', 'Yes, it’s called Dollar Coin Averaging (DCA) and is a popular strategy. I do it myself', 'lggzpp'], ['u/DonBonJovi88', 17, '2021-02-10 01:49', 'https://www.reddit.com/r/Bitcoin/comments/lggzpp/50_a_week/gmri8ks/', 'Dollar cost averaging', 'lggzpp']]], ['u/gwen-gwen', 'Whats the deal about ADA?', 10, '2021-02-10 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/lgh1fc/whats_the_deal_about_ada/', 'Since my last post talking about where I should put my money. Alot of people suggesting BTC, ETH etc. But also ADA? Whats special about it? Will it explode later this year or is there a project about it? Why should I invest my christmas money in that? Also yeah im trying to make my portfolio better. Thank yall!', 'https://www.reddit.com/r/CryptoCurrency/comments/lgh1fc/whats_the_deal_about_ada/', 'lgh1fc', [['u/mreed911', 11, '2021-02-10 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/lgh1fc/whats_the_deal_about_ada/gmrcfqi/', 'Go to /r/cardano. Sort the sub by “top” and read.', 'lgh1fc'], ['u/JazzyJayKarr', 15, '2021-02-10 04:52', 'https://www.reddit.com/r/CryptoCurrency/comments/lgh1fc/whats_the_deal_about_ada/gms2z3i/', 'Just invest cuz it’s going to ADA lot of value to your portfolio', 'lgh1fc']]], ['u/psychotrader00', 'Here is a Market Recap for today Tuesday, February 9, 2021. (Apologies for late post!)', 83, '2021-02-10 00:57', 'https://www.reddit.com/r/RedditTickers/comments/lgh1jg/here_is_a_market_recap_for_today_tuesday_february/', '**PsychoMarket Recap - Tuesday, February 9, 2021,** \n\nStocks struggled for direction, with major indexes staying close to even throughout the session, taking a pause after a remarkable six-day winning streak. Market participants continue to monitor developments out of Washington regarding stimulus. The S&P 500 (SPY) closed the day 0.05% down, the Nasdaq (QQQ) closed 0.02% down, and the Dow Jones (DIA) closed 0.01% down.\n\nBoth the Senate and the House of Representatives voted to move forward to move forward with a process called reconciliation, which allows Democrats, who have a majority in both houses of Congress, to vote to pass Biden’s new coronavirus stimulus package without Republican votes. Reconciliation is a way for Congress to enact legislation on taxes, spending, and the debt limit with only a majority (51 votes, or 50 if the vice president breaks a tie) in the Senate, avoiding the threat of a filibuster, which requires 60 votes to overcome. Because Democrats have 50 seats in the Senate—plus a Democratic vice president—reconciliation is a way to get a tax-and-spending bill to the president’s desk even if all 50 Republicans oppose it. \n\nThis week, committees in Congress are set to work out the details for another stimulus relief package, which is expected to include another round of $1,400 stimulus checks, money for state and local government, vaccine efforts, and an extension of federal unemployment benefits beyond their current March deadline. In a note to clients, Goldman Sachs (GS) increased their 2021 and 2022 gross domestic product (GDP) estimates for the US by 6.8% and 4.5% respectively. \n\nAfter the remarkable rally in the market, analysts at Bank of America said a “buyable” market correction could be on the horizon after the major indexes reached new record highs for 6 consecutive sessions. “We expect a buyable 5-10% Q1 correction as the big ‘unknowns’ coincide with exuberant positioning, record equity supply, and ‘as good as it gets’ earnings revisions,” Jared Woodard, investment and ETF strategist at Bank of America, said in a note. We agree to a certain degree, while there are still significant headwinds the market must overcome, our bullish long-term thesis remains intact. As the pace of vaccinations increase and the economy is able to reopen, we expect corporate earnings to continue growing to meet the lofty valuations of some companies. Moreover, the Federal Reserve reaffirmed its commitment to keep interest rates low and its program of asset purchasing in place for the foreseeable future. \n\n**Highlights**\n\n* According to a report by Bank of America (BAC), of the 75% of S&P 500 companies that have reported earnings, 66% of them beat estimates. \n* Bitcoin (BTC) surged more than 10% to close in on $48,000, adding to a record-setting rally triggered after Tesla (TSLA) disclosed it had purchased $1.5 billion worth of the cryptocurrency and would accept it as payment earlier this week.\n* General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least mid-March due to the global semiconductor chip shortage, while vehicles at two other factories would only be partially built.\n* Autodesk (ADSK) target raised by Stifel Nicolaus from $285 to $342 at Buy. Stock currently around $302\n* After reporting positive earnings, Chegg (CHGG) with a host of target raises. Consensus target of $120 at Buy. Stock currently around $102\n* Comcast (CMCSA) target raised by Benchmark from $65 to $75 at Buy. Stock currently around $52\n* General Motors (GM) target raised by Barclays from $56 to $64 at Overweight. Stock currently around $56\n* Global Payments (GPN) with two target raises. Stock currently around $200.\n * Rosenblatt from $217 to $235 at Buy\n * Susquehanna from $220 to $239 \n* Hasbro (HAS) target raised by DA Davidson from $105 to $115 at Buy. Stock currently around $93\n* LYFT target rasied by Keycorp from $55 to $57 at Overweight. Stock currently around $53\n* Magnite (MGNI) target raised by Needham & Co from $30 to $70 at Buy. This stock is a monster, currently around $58\n* LiveRamp (RAMP) with a host of target raises. Consensus target is $100 with Buy rating. Stock currently around $80\n* Snapchat (SNAP) target raised by Argus from $50 to $80 at Buy. Stock currently around $64\n* UBER target rasied by Keycorp from $60 to $63. Stock currently around $59\n\n“If you can dream it, you can do it.” – Walt Disney.\n\n[https://www.psychotrader00.com/](https://www.psychotrader00.com/)', 'https://www.reddit.com/r/RedditTickers/comments/lgh1jg/here_is_a_market_recap_for_today_tuesday_february/', 'lgh1jg', [['u/donredhell', 11, '2021-02-10 02:06', 'https://www.reddit.com/r/RedditTickers/comments/lgh1jg/here_is_a_market_recap_for_today_tuesday_february/gmrk5fu/', 'I always l0ve the phrases at the end of each newsletter, this one above all', 'lgh1jg']]], ['u/ifreedman3323', 'Don’t feel embarrassed about how “much” btc you own', 70, '2021-02-10 01:02', 'https://www.reddit.com/r...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Mastercard Inc (NYSE: MA ) said Wednesday it planned to expand its cryptocurrency program, citing worldwide consumer and merchant interest in digital tokens. What Happened: The move allows holders of payment cards to buy, hold, and exchange multiple traditional currencies and some cryptocurrencies. Consumers would be able to convert their cryptocurrency into fiat money, which they can spend. “Currency will always enter Mastercard’s network as traditional fiat currency,” Mastercard said in a statement. “The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy,” said Executive Vice President Raj Dhamodharan. Why It Matters: Mastercard previously supported cryptocurrency transactions through its partnerships with Wirex and Bitpay, which would convert the digital assets into fiat currencies. Institutional interest in cryptocurrencies, such as Bitcoin (BTC) has been growing. On Monday, Tesla Inc (NASDAQ: TSLA ) said it invested .5 billion in the apex cryptocurrency and in the near future will support BTC as a payments option. PayPal Holdings Inc (NASDAQ: PYPL ) last year announced a service that allows users to buy, sell and hold cryptocurrencies. The company also announced cryptocurrency as a funding source for merchants at the time. See Also: PayPal, Square Gobbling Up All New Bitcoin Supply Fuels Current Price Spike: Report Mastercard’s fourth-quarter earnings per share fell 16.33% YoY to $1.64 and beat the estimate of $1.52. Price Action: Mastercard shares rose nearly 1.6% higher to $339.50 in the after-hours trading on Wednesday after closing almost 0.3% higher at $334.21. Bitcoin traded 4.39% lower at $44,341.60 at press time. See more from Benzinga Click here for options trades from Benzinga Eli Lilly Antibody Drug Combo For COVID-19 Gets FDA Emergency Approval Apple Developing Ultra Advanced Displays With TSMC For AR Devices: Report © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Mastercard Inc (NYSE: MA ) said Wednesday it planned to expand its cryptocurrency program, citing worldwide consumer and merchant interest in digital tokens. What Happened: The move allows holders of payment cards to buy, hold, and exchange multiple traditional currencies and some cryptocurrencies. Consumers would be able to convert their cryptocurrency into fiat money, which they can spend. “Currency will always enter Mastercard’s network as traditional fiat currency,” Mastercard said in a statement. “The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy,” said Executive Vice President Raj Dhamodharan. Why It Matters: Mastercard previously supported cryptocurrency transactions through its partnerships with Wirex and Bitpay, which would convert the digital assets into fiat currencies. Institutional interest in cryptocurrencies, such as Bitcoin (BTC) has been growing. On Monday, Tesla Inc (NASDAQ: TSLA ) said it invested .5 billion in the apex cryptocurrency and in the near future will support BTC as a payments option. PayPal Holdings Inc (NASDAQ: PYPL ) last year announced a service that allows users to buy, sell and hold cryptocurrencies. The company also announced cryptocurrency as a funding source for merchants at the time. See Also: PayPal, Square Gobbling Up All New Bitcoin Supply Fuels Current Price Spike: Report Mastercard’s fourth-quarter earnings per share fell 16.33% YoY to $1.64 and beat the estimate of $1.52. Price Action: Mastercard shares rose nearly 1.6% higher to $339.50 in the after-hours trading on Wednesday after closing almost 0.3% higher at $334.21. Bitcoin traded 4.39% lower at $44,341.60 at press time. See more from Benzinga Click here for options trades from Benzinga Eli Lilly Antibody Drug Combo For COVID-19 Gets FDA Emergency Approval Apple Developing Ultra Advanced Displays With TSMC For AR Devices: Report © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Microsoft Corporation(NASDAQ:MSFT) held talks withPinterest Inc(NYSE:PINS) related to a possible acquisition, the Financial TimesreportedWednesday.\nWhat Happened:There are currently no active negotiations between the companies, people familiar with the matter told FT.\nThe stock of the $51 billion visual discovery engine has risen 600% during the coronavirus pandemic. Pinterest has indicated it wants to remain an independent company, as per FT.\nWhy It Matters:Pinterest’s purchase would have been the largest deal for the Redmond, Washington-based tech giant.\nBoth Pinterest andSnap Inc(NYSE:SNAP) haverecorded a successful year, with the former reaching $706 million in revenue and an increase in monthly active users to 459 million as of the fourth quarter.\nPinterest Q4 EPS jumped to 43 cents, beating a 32 cents estimate, a 34% upside.\nMeanwhile, social media giantFacebook Inc(NASDAQ:FB) isfacing pushbackfromApple Inc(NASDAQ:AAPL) over privacy labels.\nSee also: How To Buy Microsoft Stock\nLast year, Microsoft was reported to have been interested in the purchase of theentire global business of TikTok, a popular Chinese short-form video app owned by ByteDance.\nEventually,Oracle Corp(NYSE:ORCL) andWalmart Inc(NYSE:WMT) emerged as possible buyers of TikTok.\nSee Also:TikTok Seeks Extension Of US Deadline On Forced Sale To Oracle, Walmart\nThe TikTok deal has beenindefinitely postponedby the administration of President Joe Biden.\nPrice Action:Microsoft shares closed nearly 0.4% lower at $242.82 on Wednesday and fell 0.4% in the after-hours session. On the same day, Pinterest shares closed 2.15% higher at $81.12 and fell 0.15% in the after-hours session.\nFor news coverage in Italian or Spanish, check outBenzinga ItaliaandBenzinga España.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• This Is How Tesla Could Let You Buy An EV With Bitcoin\n• Sony Shipped 4.5M PlayStation 5 Consoles In 2020, Gaming Revenue Up 40%\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Microsoft Corporation (NASDAQ: MSFT ) held talks with Pinterest Inc (NYSE: PINS ) related to a possible acquisition, the Financial Times reported Wednesday. What Happened: There are currently no active negotiations between the companies, people familiar with the matter told FT. The stock of the $51 billion visual discovery engine has risen 600% during the coronavirus pandemic. Pinterest has indicated it wants to remain an independent company, as per FT. Why It Matters: Pinterest’s purchase would have been the largest deal for the Redmond, Washington-based tech giant. Both Pinterest and Snap Inc (NYSE: SNAP ) have recorded a successful year , with the former reaching $706 million in revenue and an increase in monthly active users to 459 million as of the fourth quarter. Pinterest Q4 EPS jumped to 43 cents, beating a 32 cents estimate, a 34% upside. Meanwhile, social media giant Facebook Inc (NASDAQ: FB ) is facing pushback from Apple Inc (NASDAQ: AAPL ) over privacy labels. See also: How To Buy Microsoft Stock Last year, Microsoft was reported to have been interested in the purchase of the entire global business of TikTok , a popular Chinese short-form video app owned by ByteDance. Eventually, Oracle Corp (NYSE: ORCL ) and Walmart Inc (NYSE: WMT ) emerged as possible buyers of TikTok. See Also: TikTok Seeks Extension Of US Deadline On Forced Sale To Oracle, Walmart The TikTok deal has been indefinitely postponed by the administration of President Joe Biden. Price Action: Microsoft shares closed nearly 0.4% lower at $242.82 on Wednesday and fell 0.4% in the after-hours session. On the same day, Pinterest shares closed 2.15% higher at $81.12 and fell 0.15% in the after-hours session. For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España . See more from Benzinga Click here for options trades from Benzinga This Is How Tesla Could Let You Buy An EV With Bitcoin Sony Shipped 4.5M PlayStation 5 Consoles In 2020, Gaming Revenue Up 40% © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Tesla Inc (NASDAQ: TSLA ) board member and Elon Musk\x92s younger brother Kimbal Musk sold shares worth $25.6 million on Tuesday, according to a filing with the United States Securities and Exchange Commission. What Happened: The chef-restaurateur sold 30,000 Tesla shares at an average price of $852.12. Musk still holds 599,740 shares of the automaker worth $482.62 million, based on Wednesday\x92s closing price of $804.82. Why It Matters: Tesla insiders hold a 19.6% stake in the EV company, Bloomberg reported . The shares of the Palo Alto, California-based company have risen 14% so far this year and soared 743% in 2020. Kimbal Musk also sold shares of Tesla last year in June and another 64,285 shares in 2019, as per previous filings. This week, known Tesla bear Gordon Johnson of GLJ Research criticized Tesla\'s $1.5 billion Bitcoin (BTC) investment claiming the company had "run out of viable internal uses" of its capital. Price Action: Tesla shares closed nearly 5.2% at $804.82 on Wednesday and gained almost 0.6% in after-hours trading. Click here to check out Benzinga\x92s EV Hub for the latest electric vehicles news. Photo by Ivan Radic on Flickr See more from Benzinga Click here for options trades from Benzinga Mastercard Expands Cryptocurrency Support, Citing Growing Interest Tesla Rival Rivian Prepares To Go Public This Year At B Valuation: Report © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Tesla Inc(NASDAQ:TSLA) board member and Elon Musk’s younger brother Kimbal Musk sold shares worth $25.6 million on Tuesday, according to afilingwith the United States Securities and Exchange Commission.\nWhat Happened:The chef-res
**Last 60 Days of Bitcoin's Closing Prices:**
[19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-11
**Financial & Commodity Data:**
- Gold Closing Price: $1824.90
- Crude Oil Closing Price: $58.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $842,654,569,719
- Hash Rate: 137450738.7337105
- Transaction Count: 304739.0
- Unique Addresses: 796146.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Prykhodov / Getty Images At long last PayPal is on board with cryptocurrencies , enabling U.S. customers to hold, buy and sell bitcoin and other virtual coins in their PayPal accounts . This is only the first phase in what looks to be an ambitious plan PayPal is cooking up to make cryptocurrency more mainstream. Soon the company will allow customers to use crypto as a funding source for purchases at PayPal’s 26 million merchants. Additionally, in early 2021, PayPal will enable crypto support on its popular social payments app Venmo — and open services to select countries outside the U.S. The service is powered by via the U.S. with Paxos Trust Company. Save: Best Money Market Accounts of 2021: High Rates and Easy Access What finally prompted PayPal to make the move to support virtual currency? PayPal’s president and CEO, Dan Schulman, suggested that it was really only a matter of time. And that time has come, thanks in part to the pandemic, which has accelerated the use of digital payments . “The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly,” Schulman said in a statement. “Our global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption and interoperability of these new instruments of exchange. We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.” Surely, PayPal just helped secure that future wherein digital currency is a go-to form of money. More From GOBankingRates These Are the Best Banks of 2021 – Did Yours Make the Cut? 36 Ways To Save For Your Emergency Fund and Any Unexpected Situations Top 100 Banks Leading the U.S. in 2021 35 Ways To Slash Your Car Costs Last updated: Jan. 21, 2021 This article originally appeared on GOBankingRates.com : PayPal Finally Welcomes Bitcoin, More Cryptocurrencies View comments...
- Reddit Posts (Sample): [['u/xforeverlove22', 'What are some odd details you noticed?', 95, '2021-02-11 00:00', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/', 'I am now convinced that Patsy almost certainly wrote that note. There were definitely a lot of questionable word choices but some odd things that stuck out to me.... The word "attaché" was written with an accent placed over the letter "e." Most people in the U.S. do not use this special character \\[also let\'s be honest a typical American would use the term briefcase\\]. However, this character is very familiar to her as its found in her daughter\'s name.... Jonbenét. She probably added the e accent agu on her daughter\'s name to make it sound more foreign thus while pretending to be a "foreign faction" her brain inevitably comes with the logic of using that exact french letter. Even \'foreign faction\' is very unusual if anything they would say "we are a group of...." Also the criminals apparently hate him yet they respectfully refer to him as "Mr.Ramsey" rather then "John" or "Listen up you S.O.B" My favorite part of the letter is when they say "rest up", I mean I don\'t even need to explain that one.\n\nAlso here\'s another thing: if these kidnappers are "foreign faction" why on earth would they say something like "use that good southern common sense of yours". How would a foreign person \\[particularly one that is anti-American\\] even know that\'s a thing let alone the difference between how different parts of America thinks/acts....?\n\nI\'m sure SBTC was random letters they came up with, with no actual meaning but I can\'t help but wonder if they subconsciously used S.B. while thinking about "Saving Burke" and the letter C may have popped into mind because it is Christmas. \\[Update: Someone in the comments pieced together: Saving Burke This Christmas and now I can\'t unsee it\\]\n\nPossible explanation for the weird non-hangup: The person on the other line may have been Jon trying to figure out how much time he has left to cover up. Or maybe they were using the phone lines from different levels of the home to communicate with one another \\[given how cell phones weren\'t a common thing back in 96\\] and using it kind of like walkie talkies. Jon probably thought she hung up and tried to tell her something before quickly realizing. It\'s also possible scared and anxious young Burke picked it up to see if he would be getting into trouble \\[in an interview he said that when he gets curious he tries to find out what the answer is\\].\n\nAnother explanation: Burke may have been with his dad at this time and while the dad was listening in on the conversation, Burke may have asked his father a question thinking the mom hung up.\n\nAlso in the phone call she says "we need an..." I think she was going to say ambulance and she catches herself and says, "police."Additionally, in the phone call she first sounds like she\'s out breath then quickly phases out to sounding more normal. There\'s a good chance she did a lap around the house (or some other exercise) to try to convince them that she\'s really out of breath. She sounds like a person who just came back from a jog \\[i.e. deep breaths then slowly regains steady breaths\\]. During the phone call I think she got nervous and said "she\'s blonde" when initially describing her daughter rather then "she\'s six".\n\nDid anyone else notice strange things \\[in terms of very specific details because obviously the whole thing is just bizarre\\]? What are your theories/possible explanations for them?', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/', 'lh6h6f', [['u/SweetCar0linaGirl', 59, '2021-02-11 00:33', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvl0lv/', 'I find it interesting that the duct tape roll and other part of the broken paintbrush were never found, but the rough draft of the RN was found in the trash. Everything about the RN (pen and pad being replaced in exact spot, rough draft in trash, wording and crazy length) is sloppy.', 'lh6h6f'], ['u/MEC3273', 48, '2021-02-11 01:12', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvppzh/', 'I think the difference there accounts for John getting rid of the other hard evidence and Patsy writing the note while he did so. I don’t think if John was in the room while the note was written those missteps would have happened. Patsy was frantic and messy, John was calm and calculated is my guess.', 'lh6h6f'], ['u/Kind_Mission', 22, '2021-02-11 01:14', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvq01f/', 'There are so many elements of the ransom novel that are so ridiculous, it\'s hard to know where to start, but several things that don\'t get discussed as much as others are the exclamation points and this line: "The two gentlemen watching over your daughter do not particularly like you so I advise you not to provoke them." \n\nWhy did Patsy need to insert this meaningless drivel in an already absurdly long "note"? Would kidnappers refer to their cohorts as "gentlemen"? \n\nClearly if they are kidnapping and threatening to behead, they don\'t like anyone in that family too much. \n\nBut, PR went out of her way to provoke them by deliberately defying their instructions and calling the cops without telling the cops "she dies." \n\nWas PR not concerned about repercussions like beheading? \n\nJohn had read the note when he gave the go-ahead to call.\n\nWhat is the point of her misplaced exclamation points? Why after "Victory," but not after "beheaded"?\n\nWhat is "Victory!" supposed to mean, anyway, in a fake ransom letter?\n\n\nETA I think S.B.T.C had a private meaning to the R\'s or PR, but not a real meaning.', 'lh6h6f'], ['u/SweetCar0linaGirl', 16, '2021-02-11 01:26', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvrd1n/', "My thoughts exactly too. I'm camp RDI. But even if IDI the RN is still sloppy and doesn't make sense. The evidence downstairs is taken care of but the ridiculous novel of a RN is left behind with the rough draft in the trash?? Nah.", 'lh6h6f'], ['u/xforeverlove22', 20, '2021-02-11 01:53', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvul0m/', '> Why did Patsy need to insert this meaningless drivel in an already absurdly long "note"? Would kidnappers refer to their cohorts as "gentlemen"?\n> \n> \n\nBecause in her school days [back when she was doing her journalist major in college] when she was told to write a 1000 word essay but only got to 800, she\'d add 200 meaningless words to "fill it in"\n\nAlso one of my major concerns, if your child goes missing wouldn\'t the first logical thing be to search every floor of the house... I mean seeing that note some parents may even think its a prank [rather sick but still very possible prank especially with young kids] so the first instinct would be to try to locate the child in the home especially one that\'s so huge. As soon as she read the note she should have searched the house or at the very least wake Burke up and ask him if he\'s heard or seen anything rather than letting him continue to sleep upstairs. A parent in that scenario\'s first instinct should always be to check if it\'s legit, the whereabouts of the missing child and on the other members of the house. Not call 9-11 after taking 5 minutes to read 3 pages.', 'lh6h6f'], ['u/Kind_Mission', 14, '2021-02-11 02:01', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvvm3b/', '> she\'d add 200 meaningless words to "fill it in"\n\nLol Good point. More like 800 "to fill it in!', 'lh6h6f'], ['u/divinbuff', 20, '2021-02-11 02:03', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvvriw/', 'That ransom note. That is the key to this whole thing. It is either written by\n1. A teenager who has watched too many die hard type movies\n2. A drama queen \n3. A seriously messed up person -like on serious drugs or severe mental illness \n4. Dennis Hopper', 'lh6h6f'], ['u/1biggeek', 21, '2021-02-11 02:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvwbzs/', 'The 911 operator totally agrees with your assessment of Patsy’s phone call - stating specifically that she knew something was off by the way Patsy’s tone and breathing totally changed.', 'lh6h6f'], ['u/Kind_Mission', 13, '2021-02-11 02:11', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvwriy/', '>Not call 9-11 after taking 5 minutes to read 3 pages.\n\nTo be fair, she did claim she checked on Burke, screamed for John, he read the note, and told her to call 911. And two minutes later they made sure to contaminate the crime scenes, and, again defy the kidnappers, by calling all their closest friends without warning them of an imminent beheading!', 'lh6h6f'], ['u/gfunk318', 35, '2021-02-11 02:11', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvws4k/', 'I have always wondered if the missing paint brush parts, duct tape and nylon rope were in the golf bag removed by PR’s sister Pam Paugh.', 'lh6h6f'], ['u/Inevitable_Discount', 17, '2021-02-11 02:16', 'https://www.reddit.com/r/JonBenetRamsey/comments/lh6h6f/what_are_some_odd_details_you_noticed/gmvxfbn/', 'I find it odd that Patsy hung up the phone on the 911 operator. “I’m the mother!!” The whole case revolves around Patsy and the ransom note that she no doubt fashioned with her own hand. \n\nThe 911 operator is your lifeline in the event of an emergency, and Patsy hung up on her for what I can assume was dramatic effect, even though the phone wasn’t hung up all the way...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['U.S Securities and Exchange Commissioner Hester Peirce says that the country is ready for a Bitcoin exchange-traded product (ETP).\nWhat Happened:According to the regulator, the U.S capital markets are ready for a Bitcoin ETP, and people are eager to trade one.\n“If we don’t give them a natural way, which I think would be an ETP, they are going to look for other ways to do it.”, she said toCoinDeskTV earlier today.\nWhy It Matters:Crypto ETPs have become an incredibly sought-after investment product in Europe. Zurich based21Sharesrecently saw its suite of crypto ETP’s hit $500 million in assets under management after a surge in the prices of its basket of cryptocurrencies.\nThe ETP issuer launched its first fully collateralized crypto ETP basket in November 2018 with $5 million in AUM. Since then, the company has over 12 products listed on European exchanges and over $500 million in AUM.\n“It took others in the market almost two years to catch up with our innovative concept.”, said CEO of 21Shares, Hany Rashwan.\nLast week, the firm announced thelaunchof the world’s first Polkadot ETP (ADOT), which has amassed $9 million AUM, as of Feb. 11.\nIn the U.S, however, ETP issuers have not managed to successfully get a license to issue one from the SEC.\nThe SEC has received numerous applications for Bitcoin ETPs and has rejected them all. In August 2018, it reportedlyrejected9 ETP proposals in a single day.\nImage: WikiMedia\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• BNY Mellon Opens Its Doors To Bitcoin And Cryptocurrency Custody\n• Crypto Exchanges Report Record High Number Of New Users\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'U.S Securities and Exchange Commissioner Hester Peirce says that the country is ready for a Bitcoin exchange-traded product (ETP).\nWhat Happened:According to the regulator, the U.S capital markets are ready for a Bitcoin ETP, and people are eager to trade one.\n“If we don’t give them a natural way, which I think would be an ETP, they are going to look for other ways to do it.”, she said toCoinDeskTV earlier today.\nWhy It Matters:Crypto ETPs have become an incredibly sought-after investment product in Europe. Zurich based21Sharesrecently saw its suite of crypto ETP’s hit $500 million in assets under management after a surge in the prices of its basket of cryptocurrencies.\nThe ETP issuer launched its first fully collateralized crypto ETP basket in November 2018 with $5 million in AUM. Since then, the company has over 12 products listed on European exchanges and over $500 million in AUM.\n“It took others in the market almost two years to catch up with our innovative concept.”, said CEO of 21Shares, Hany Rashwan.\nLast week, the firm announced thelaunchof the world’s first Polkadot ETP (ADOT), which has amassed $9 million AUM, as of Feb. 11.\nIn the U.S, however, ETP issuers have not managed to successfully get a license to issue one from the SEC.\nThe SEC has received numerous applications for Bitcoin ETPs and has rejected them all. In August 2018, it reportedlyrejected9 ETP proposals in a single day.\nImage: WikiMedia\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• BNY Mellon Opens Its Doors To Bitcoin And Cryptocurrency Custody\n• Crypto Exchanges Report Record High Number Of New Users\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'U.S Securities and Exchange Commissioner Hester Peirce says that the country is ready for a Bitcoin exchange-traded product (ETP). What Happened: According to the regulator, the U.S capital markets are ready for a Bitcoin ETP, and people are eager to trade one. “If we don’t give them a natural way, which I think would be an ETP, they are going to look for other ways to do it.”, she said to CoinDesk TV earlier today. Why It Matters: Crypto ETPs have become an incredibly sought-after investment product in Europe. Zurich based 21Shares recently saw its suite of crypto ETP’s hit $500 million in assets under management after a surge in the prices of its basket of cryptocurrencies. The ETP issuer launched its first fully collateralized crypto ETP basket in November 2018 with $5 million in AUM. Since then, the company has over 12 products listed on European exchanges and over $500 million in AUM. “It took others in the market almost two years to catch up with our innovative concept.”, said CEO of 21Shares, Hany Rashwan. Last week, the firm announced the launch of the world’s first Polkadot ETP (ADOT), which has amassed $9 million AUM, as of Feb. 11. In the U.S, however, ETP issuers have not managed to successfully get a license to issue one from the SEC. The SEC has received numerous applications for Bitcoin ETPs and has rejected them all. In August 2018, it reportedly rejected 9 ETP proposals in a single day. Image: WikiMedia See more from Benzinga Click here for options trades from Benzinga BNY Mellon Opens Its Doors To Bitcoin And Cryptocurrency Custody Crypto Exchanges Report Record High Number Of New Users © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments', '* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 12 (Reuters) - The dollar headed for its firstlosing week in three as new signs of weakness in the U.S. jobsmarket dented investor expectations about the pace of a pandemicrecovery. Bitcoin was on course for its best week since the start ofthe year after surging to a fresh record near $49,000 followingnews Thursday that BNY Mellon had become the latest firm toembrace cryptocurrencies. The dollar remained on the back foot on Friday, pinned neartwo-week lows, after the release of weaker-than-expected weeklyU.S. jobless claims data the previous day. That added to recent concerns that the dollar\'s previousrally had priced in too fast a pace of rebound for the U.S.economy. The dollar index was little changed at 90.423 inholiday-thinned trade due to Chinese new year, on track to fall0.6% in a week that took it to the lowest since Jan. 27 at90.249. There has been a divergence in views among traders this yearover just how U.S. President Joe Biden\'s planned $1.9 trillionfiscal stimulus package will affect the dollar. Some see it as bolstering the currency as it should speed aU.S. recovery relative to other countries, while others view itis a major driver in a global reflation narrative that shouldlift riskier assets at the dollar\'s expense. "The U.S. economy will outperform most thanks to fiscalstimulus and faster vaccine deployment, but ongoing reflationaryfiscal and monetary policy will leave DXY on a sustained mediumterm bear trend," Westpac strategists wrote of the dollar indexin a client note. The euro was little changed at $1.21275,consolidating for a third day near that level as it headed for a0.6% weekly advance. The dollar was mostly flat at 104.77 yen, down0.6% from the end of last week. Bitcoin surged toward a 23% weekly advance, itsbiggest since the period ended Jan. 3, after hitting a newrecord high of $48.696.84 on Thursday.======================================================== Currency bid prices at 2341 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2129 $1.2133 -0.04% -0.74% +1.2135 +1.2128 Dollar/Yen 104.7350 104.7300 +0.00% +1.39% +104.7620 +0.0000 Euro/Yen 127.05 127.05 +0.00% +0.10% +127.1000 +127.0600 Dollar/Swiss 0.8902 0.8898 +0.00% +0.58% +0.8903 +0.0000 Sterling/Dollar 1.3806 1.3816 -0.06% +1.07% +1.3815 +1.3808 Dollar/Canadian 1.2703 1.2703 +0.02% -0.23% +1.2706 +1.2695 Aussie/Dollar 0.7747 0.7755 -0.08% +0.72% +0.7755 +0.7746 NZ 0.7227 0.7227 +0.01% +0.65% +0.7229 +0.7226 Dollar/Dollar All spotsTokyo spotsEurope spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; Editing by Sam Holmes)', '* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 12 (Reuters) - The dollar headed for its firstlosing week in three as new signs of weakness in the U.S. jobsmarket dented investor expectations about the pace of a pandemicrecovery. Bitcoin was on course for its best week since the start ofthe year after surging to a fresh record near $49,000 followingnews Thursday that BNY Mellon had become the latest firm toembrace cryptocurrencies. The dollar remained on the back foot on Friday, pinned neartwo-week lows, after the release of weaker-than-expected weeklyU.S. jobless claims data the previous day. That added to recent concerns that the dollar\'s previousrally had priced in too fast a pace of rebound for the U.S.economy. The dollar index was little changed at 90.423 inholiday-thinned trade due to Chinese new year, on track to fall0.6% in a week that took it to the lowest since Jan. 27 at90.249. There has been a divergence in views among traders this yearover just how U.S. President Joe Biden\'s planned $1.9 trillionfiscal stimulus package will affect the dollar. Some see it as bolstering the currency as it should speed aU.S. recovery relative to other countries, while others view itis a major driver in a global reflation narrative that shouldlift riskier assets at the dollar\'s expense. "The U.S. economy will outperform most thanks to fiscalstimulus and faster vaccine deployment, but ongoing reflationaryfiscal and monetary policy will leave DXY on a sustained mediumterm bear trend," Westpac strategists wrote of the dollar indexin a client note. The euro was little changed at $1.21275,consolidating for a third day near that level as it headed for a0.6% weekly advance. The dollar was mostly flat at 104.77 yen, down0.6% from the end of last week. Bitcoin surged toward a 23% weekly advance, itsbiggest since the period ended Jan. 3, after hitting a newrecord high of $48.696.84 on Thursday.======================================================== Currency bid prices at 2341 GMT Description RIC Last U.S. Close
**Last 60 Days of Bitcoin's Closing Prices:**
[19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-12
**Financial & Commodity Data:**
- Gold Closing Price: $1821.60
- Crude Oil Closing Price: $59.47
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $842,654,569,719
- Hash Rate: 151302363.56734022
- Transaction Count: 343306.0
- Unique Addresses: 857246.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: As the year that felt like a decade on speed starts to draw to a welcome close, some of us are starting to try to make sense of the timeline of narratives and events. Most of us (myself included) are failing. And that initselfis an intriguing narrative, that sheds light on bitcoin’s rally.
Bear with me while I try to explain.
On the one hand, we have a rapid rise in thebitcoinprice, and coalescing institutional support from traditional investors and companies that see potential in crypto assets and markets.
Related:First Mover: As Markets Turn Ugly, Bitcoiners Thank Secular Trend
On the other hand, we have conflicting economic and social trends. We have blind faith in the power of vaccines combined with rejection of the science of virus transmission; monetary policy designed to encourage lending combined with banks that are unwilling to do so; growing interest in the value of emerging markets combined with escalating risk of default; widening inequality combined with greater power of protest; I could go on.
These conflicting forces and the uncertainty swirling around them should encourage us to look closely at prevailing narratives. Yet, those of us watching the growing institutional interest in bitcoin markets have accepted without question the assumption that bitcoin’s inflation hedge qualities are behind it.
Let’s pick that apart.
First, let’s look at another pair of conflicting economic trends.
Related:Blockchain Bites: The Fight for Private, Digital Cash
Most economistsseem to believethat a resurgence of inflationis unlikely. Depressed consumption and excess supply, the continuing impact of technology and demographic shifts, the low velocity of money and the weak labor market are just some of the factors they point to. These have already led todeflationin somekey economic areas.
The bond market, on the other hand, tells us that inflation concerns are real. The five-year breakeven rate, a proxy for inflation expectations calculated by taking the difference between five-year U.S. Treasurys and Treasury Inflation-Protected Securities, is close to its five-year high.
What’s more, the yield curve continues to steepen, signaling expectations of higher interest rates in the future as central banks tackle a looming inflation problem. Taking into account the damage rising interest rates would do to debt-laden economies, this is the bond market telling us that they see trouble ahead.
But does that really matter for bitcoin?
Bitcoin is seen as aninflation hedgemainly because of its limited supply, which is not influenced by its price, and because of its relative attractiveness when real yields head to zero or lower.
Yet, when you buy bitcoin, you’re not just doing so to hedge inflation. You’re buying bitcoin to hedge all the other negative consequences that usually accompany it.
True, inflation is not always bad. “Good” inflation, a result of economic growth and low unemployment that helps to close the gap between supply and demand, encourages investment and even more economic growth.
Runaway inflation, however, exacerbates poverty, heightens uncertainty, demolishes trust in institutions and can lead to the breakdown of social order. This is not isolated topost-WWI Germany– wesee it todayin Venezuela, Zimbabwe, Lebanon and Argentina, to name just a few.
Bitcoin is also a hedge for unstable governments that close bank accounts, police states that want to seize private wealth, broken payments rails due to corrupted systems or outsidecyber attack threats, paranoid leaders that want to disenfranchise opponents, export-protecting devaluations that trigger more inflation.
These are less likely in developed economies. But let’s not forget that tipping points lurk around unexpected corners, and that Venezuela was once one of the wealthiest countries in the world and one of the more stable democracies in Latin America.
Bitcoin is a hedge against inflation, but also against political instability and social disruption, which – if inflation comes roaring back – is not a ridiculous thing to prepare for.
Bitcoin is also a hedge against a more gentle but just as pernicious debasement of currency through a loss of trust.
Traditionally, inflation moves in tandem with the strength of the local economy. But it can be triggered by currency weakness, which raises the prices of imported goods.
This is usually corrected when the central bank raises interest rates to combat rising inflation, which increases the attractiveness of the currency compared to others.
But in the current environment, an increase in interest rates may have the opposite effect, given the potentially catastrophic impact on debt-ridden economies. The U.S. bond market is telling us that it thinks interest rates will rise. The dollarcontinues to head lower, however, and could continue to do so even if those rate increases materialize, as faith in the capacity of the U.S. to employ traditional tools to good effect could be shaken.
And, most bitcoin trading is denominated in dollars. Therefore, if the dollar heads lower without a corresponding fall in the value of bitcoin (and since it’s unrelated to the economy, there’s no fundamental reason why it would), the BTC/USD ratio heads up.
Bitcoin is a hedge for not just the macroeconomic ills that we have been trained to watch out for. It can also provide ballast against the unforeseen problems waiting to be triggered.
This highlights another hidden strength of bitcoin as an investment asset.
It is unlike any asset that we have seen before: programmatic supply, decentralized governance, fragmented market infrastructure that runs on technology developed by an unknown entity yet maintained by miners, developers and validators distributed across many geographies.
It doesn’t fit into standard economic thinking – and for that reason, it is perfect for our times.
In a world where you’ve gone from orthodox monetary policy to Keynesian economics to MMT in a few months, there is no longer any trust in the traditional recipes.
To paraphraseG. K. Chesterton, when you stop believing in traditional recipes, your mind is more open to new ones.
Bitcoin in portfolios represents more than a new recipe. It represents theneedfor a new recipe. It represents a safety play against a world in which old ideas are up in the air, and new ones have yet to take root.
It represents more than a hedge against inflation: it also represents an acceptance that politics and economics can get weird, and that untested ideas that are untethered to macroeconomic features and past assumptions are worth considering.
It represents a hedge against “crazy,” which is hopefully not what awaits us – but the risk of not preparing for that possibility is verging on irresponsible, and not even thinking about it is likely to end up being prohibitively expensive.
The outperformance of bitcoin in 2020 has to set up the asset for even more professional investor attention next year, even though we all know that past performance is not an indicator of future performance. Or is it? The momentum trade seems to be the predominant strategy this year, and given the amount of money sloshing around markets looking for a good return, there is no indication that will end soon.
Then again, all bull markets have to end some time, although the underlying fundamentals and investment theses of bitcoin do not get worse with vaccine disappointments and worse-than-expected economic figures – unlike with stock and bond markets.
Investors talking:
· Scott Minerd, CIO of fund managerGuggenheim Partners,which manages more than $230 billion worth of assets, told Bloomberg TV hosts this week that his firm’s fundamental analysis shows thatbitcoin should be worth $400,000.This conclusion is based on the asset’s scarcity, and its relative value to gold as a percentage of gross domestic product. He also revealed that Guggenheim hadstarted allocating to bitcoinwhen it was trading at around $10,000.
· U.K.-based fund managerRuffer Investment Companyhasinvested approximately $740 million in bitcoin,equivalent to around 2.7% of the firm’s assets under management. According to the company, the investment was “primarily a protective move for portfolios” to “act as a hedge” against “some of the risks that we see in a fragile monetary system and distorted financial markets.” Ruffer is known in investment circles as a conservative manager focused on capital preservation. It had thetop-performing active fundin Europe for January-June 2020: the LF Ruffer Gold Fund produced a six-month performance of over 55%. And now it’s investing in bitcoin. Ruffer has spoken often in the past about its inflation concerns. This investment makes me want to check in on other active managers worried about inflation – theirranks are growing.
·One River Asset Management,a $1 billion hedge fund (as of April 2020) specializing in volatility plays,has invested $600 millionin bitcoin andetheror institutional clients (including Ruffer, which owns a stake in the company) via its subsidiary One River Digital Asset Management. CEO Eric Peters told Bloomberg that One River Digital’s crypto holdings will cross $1 billion in early 2021. Brevan Howard Asset Management co-founder Alan Howard is taking an ownership stake in One River Digital and helping to provide the company with back-end trading services.
· Christopher Wood, global head of equity strategy at investment firmJefferies, hastrimmed the recommended exposurein his model global portfolio from 50% gold in favor of bitcoin. This is even more notable given that this particular portfolio is designed with U.S. pension funds in mind. What’s more, he has said that he plans to increase exposure to bitcoin should there be a correction.
· Jeff Currie, head of commodities research atGoldman Sachs,told Bloombergthat bitcoin was a “retail inflation hedge,” and a risk-on growth proxy.
· Not an endorsement, but an interesting andpotentially useful threadprompted by tech investorAndrew Wilkinson, co-foun...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful. Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO, Feb. 12, 2021 (GLOBE NEWSWIRE) -- 3iQ Corp. (\x933iQ\x94) is pleased to announce that it has filed and obtained a receipt for a preliminary prospectus for the 3iQ Bitcoin ETF (the \x93Fund\x94) with the securities regulatory authorities in all of the Canadian provinces and territories of Canada (except for Québec). \x93With the success of our bitcoin closed end fund it is a natural progression for us to file for a physical bitcoin ETF to enhance our product suite in the growing digital asset space.\x94 \x96 Fred Pye, Chairman and CEO of 3iQ. The Fund\x92s investment objectives are to provide holders of units of the Fund with: (a) exposure to the digital currency bitcoin and the daily price movements of the U.S. dollar price of bitcoin, and (b) the opportunity for long-term capital appreciation. 3iQ will act as the investment manager and portfolio manager of the Fund. Founded in 2012, 3iQ is Canada\x92s largest digital asset investment fund manager with more than C$1.8 billion in assets under management. 3iQ was the first Canadian investment fund manager to offer a public listed bitcoin investment fund, The Bitcoin Fund priced in Canadian dollars (TSX: QBTC ) and US dollars (TSX:QBTC.U). In December of 2020, we launched The Ether Fund, priced in Canadian dollars (TSX:QETH.UN) and US dollars (TSX:QETH.U), which currently has over C$390 million invested in Ether, Ethereum\x92s native digital asset. Story continues As a digital asset manager, 3iQ has the technical knowledge and operational expertise to handle complex assets like bitcoin. 3iQ offers investors convenient and familiar investment products to gain exposure to the leading digital assets such as bitcoin and Ether. For more information about 3iQ, The Bitcoin Fund, The Ether Fund or 3iQ Bitcoin ETF, visit www.3iQ.ca or follow us on Twitter @3iQ_corp. Contact Information Fred Pye \x96 Chairman and CEO E: [email protected] P: +1 (416) 639-2130 This offering is only made by the preliminary prospectus of the Fund dated February 11, 2021. The preliminary prospectus contains important information relating to these securities and has been filed with securities commissions or similar authorities in all of the provinces and territories of Canada (except for Quebec) The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from 3iQ Corp. or at www.sedar.com . There will not be any sale or any acceptance of an offer to buy the units until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada. Investors should read the prospectus before making an investment decision. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as \x93may\x94, \x93will\x94, \x93should\x94, \x93expect\x94, \x93plan\x94, \x93anticipate\x94, \x93believe\x94, \x93intend\x94, \x93estimate\x94, \x93predict\x94, \x93potential\x94, \x93continue\x94 or other similar expressions concerning matters that are not historical facts. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by the Fund, or at all, as well the risk factors identified in the Fund\x92s preliminary prospectus dated February 11, 2021. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on a stock exchange or other alternative Canadian trading system (an \x93exchange\x94). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in its public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. IMPORTANT NOTICES THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. The distribution of this announcement and any offering or issue of the Fund\x92s securities in any jurisdiction other than Canada may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws or regulations of such jurisdictions. In particular, subject to certain exceptions, this announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. The Fund\x92s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \x93Securities Act\x94), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute.', 'Not for distribution to U.S. newswire services or for dissemination in the United States.\nThis announcement and the information contained herein is restricted and is not for release, publication or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful. Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund in any jurisdiction in which any such offer or solicitation would be unlawful.\nTORONTO, Feb. 12, 2021 (GLOBE NEWSWIRE) -- 3iQ Corp. (“3iQ”) is pleased to announce that it has filed and obtained a receipt for a preliminary prospectus for the 3iQ Bitcoin ETF (the “Fund”) with the securities regulatory authorities in all of the Canadian provinces and territories of Canada (except for Québec).\n“With the success of our bitcoin closed end fund it is a natural progression for us to file for a physical bitcoin ETF to enhance our product suite in the growing digital asset space.” – Fred Pye, Chairman and CEO of 3iQ.\nThe Fund’s investment objectives are to provide holders of units of the Fund with:\n(a) exposure to the digital currency bitcoin and the daily price movements of the U.S. dollar price of bitcoin, and\n(b) the opportunity for long-term capital appreciation.\n3iQ will act as the investment manager and portfolio manager of the Fund.\nFounded in 2012, 3iQ is Canada’s largest digital asset investment fund manager with more than C$1.8 billion in assets under management. 3iQ was the first Canadian investment fund manager to offer a public listed bitcoin investment fund, The Bitcoin Fund priced in Canadian dollars (TSX:QBTC) and US dollars (TSX:QBTC.U). In December of 2020, we launched The Ether Fund, priced in Canadian dollars (TSX:QETH.UN) and US dollars (TSX:QETH.U), which currently has over C$390 million invested in Ether, Ethereum’s native digital asset.\nAs a digital asset manager, 3iQ has the technical knowledge and operational expertise to handle complex assets like bitcoin. 3iQ offers investors convenient and familiar investment products to gain exposure to the leading digital assets such as bitcoin and Ether. For more information about 3iQ, The Bitcoin Fund, The Ether Fund or 3iQ Bitcoin ETF, visit www.3iQ.ca or follow us on Twitter @3iQ_corp.\nContact InformationFred Pye – Chairman and CEOE: [email protected]: +1 (416) 639-2130\nThis offering is only made by the preliminary p
**Last 60 Days of Bitcoin's Closing Prices:**
[19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-13
**Financial & Commodity Data:**
- Gold Closing Price: $1821.60
- Crude Oil Closing Price: $59.47
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $874,742,195,206
- Hash Rate: 167285007.6061438
- Transaction Count: 336624.0
- Unique Addresses: 788028.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: - By insider Investment company Adaptive Financial Consulting, LLC ( Current Portfolio ) buys BTC iShares S&P 500 Growth ETF, sells Vanguard Total Stock Market ETF during the 3-months ended 2020Q4, according to the most recent filings of the investment company, Adaptive Financial Consulting, LLC. As of 2020Q4, Adaptive Financial Consulting, LLC owns 17 stocks with a total value of $132 million. These are the details of the buys and sells. Added Positions: IVW, Reduced Positions: AGG, VCSH, VCR, MTUM, USMV, IEFA, IEMG, QQQ, VHT, VNQ, BSV, IVV, MINT, IJH, LQD, Sold Out: VTI, IVW 15-Year Financial Data The intrinsic value of IVW Peter Lynch Chart of IVW For the details of Adaptive Financial Consulting, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/adaptive+financial+consulting%2C+llc/current-portfolio/portfolio These are the top 5 holdings of Adaptive Financial Consulting, LLC BTC iShares Core U.S. Aggregate Bond ETF ( AGG ) - 279,813 shares, 25.09% of the total portfolio. Shares reduced by 1.86% Vanguard Short-Term Corporate Bond ETF ( VCSH ) - 208,620 shares, 13.18% of the total portfolio. Shares reduced by 2.95% BTC iShares MSCI USA Momentum Factor ETF ( MTUM ) - 78,245 shares, 9.57% of the total portfolio. Shares reduced by 2.1% BTC iShares MSCI USA Min Vol Factor ETF (USMV) - 166,565 shares, 8.58% of the total portfolio. Shares reduced by 1.95% BTC iShares S&P 500 Growth ETF (IVW) - 152,482 shares, 7.38% of the total portfolio. Shares added by 286.22% Added: BTC iShares S&P 500 Growth ETF (IVW) Adaptive Financial Consulting, LLC added to a holding in BTC iShares S&P 500 Growth ETF by 286.22%. The purchase prices were between $56.04 and $63.82, with an estimated average price of $60.56. The stock is now traded at around $63.370000. The impact to a portfolio due to this purchase was 5.47%. The holding were 152,482 shares as of 2020-12-31. Sold Out: Vanguard Total Stock Market ETF (VTI) Adaptive Financial Consulting, LLC sold out a holding in Vanguard Total Stock Market ETF. The sale prices were between $166.99 and $194.64, with an estimated average price of $183.18. Here is the complete portfolio of Adaptive Financial Consulting, LLC. Also check out: 1. Adaptive Financial Consulting, LLC's Undervalued Stocks 2. Adaptive Financial Consulting, LLC's Top Growth Companies, and 3. Adaptive Financial Consulting, LLC's High Yield stocks 4. Stocks that Adaptive Financial Consulting, LLC keeps buyingThis article first appeared on GuruFocus ....
- Reddit Posts (Sample): [['u/Appropriate_Thing_57', 'I think I’m addicted to checking the current bitcoin price! Is this normal?!', 85, '2021-02-13 00:04', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/', 'I got btc to HODL but I think I’m addicted to watching the candles lol\n\nIs this normal or am I just a loser?', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/', 'lin8lw', [['u/slugur', 13, '2021-02-13 00:11', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn43qzf/', 'Dumbest thing I read today, but go on.', 'lin8lw'], ['u/UnoriginalJunglist', 54, '2021-02-13 00:12', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn43ueu/', 'Total normal and welcome to the club. 😎', 'lin8lw'], ['u/dontcountonmee', 25, '2021-02-13 00:12', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn43v6c/', 'It’s an unhealthy habit if you ask me. The point of long term investments is to buy it and forget it.', 'lin8lw'], ['u/Breadington38', 16, '2021-02-13 00:12', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn43xij/', 'You’re not a loser, but try to learn to not constantly check. Just for your own mental health purposes. Bitcoin is going to do what it’s going to do. It seems promising, but there’s no way of knowing for sure.', 'lin8lw'], ['u/Frequent-Share8188', 22, '2021-02-13 00:34', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn46fh0/', 'I have been dreaming about the price during sleep.', 'lin8lw'], ['u/lfmantra', 13, '2021-02-13 00:36', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn46ok1/', 'It’s normal but learn to stop', 'lin8lw'], ['u/Gigawicket', 30, '2021-02-13 01:12', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn4amqm/', 'The "forget it" part is why you\'ve got people trying to dig through landfills to get their old hard drive', 'lin8lw'], ['u/ryan_the_okay', 16, '2021-02-13 02:11', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn4h3q3/', "I wonder what it's at now.", 'lin8lw'], ['u/ReasonHound', 11, '2021-02-13 02:28', 'https://www.reddit.com/r/Bitcoin/comments/lin8lw/i_think_im_addicted_to_checking_the_current/gn4iyxt/', 'This one time I had a dream that I sold on a dip and I woke up in a panic and was relieved when I realized it was a dream lol', 'lin8lw']]], ['u/Alex_Hypnose', 'Update on [NIMIQ - browser based Blockchain] thread', 59, '2021-02-13 00:05', 'https://www.reddit.com/r/CryptoMoonShots/comments/lin9ie/update_on_nimiq_browser_based_blockchain_thread/', "As an update for [https://www.reddit.com/r/CryptoMoonShots/comments/le5bza/nimiq\\_browser\\_based\\_blockchain/](https://www.reddit.com/r/CryptoMoonShots/comments/le5bza/nimiq_browser_based_blockchain/)\n\nNimiq Team just announced the Public release. If you're interested in this project, this is the time to do something about it. \nPrivate testing of [\\#Fastspot](https://twitter.com/hashtag/Fastspot?src=hashtag_click) with [\\#NimiqOASIS](https://twitter.com/hashtag/NimiqOASIS?src=hashtag_click) will be closed during the weekend as we prepare for public release. [\\#Nimiq](https://twitter.com/hashtag/Nimiq?src=hashtag_click) \n[https://twitter.com/nimiq/status/1360339608962236417](https://twitter.com/nimiq/status/1360339608962236417)\n\n​\n\nWhat this means? You could buy NIM, BTC, soon ETH and other coins directly using your credit card (most likely Europe will be first) using SEPA instant transfers, with almost 0 fees. You can then convert it to and back from BTC. \n\nElrond, watch your steps :)\n\nCurrent price: 0,00681694\xa0USD", 'https://www.reddit.com/r/CryptoMoonShots/comments/lin9ie/update_on_nimiq_browser_based_blockchain_thread/', 'lin9ie', [['u/EmptyUrMind', 10, '2021-02-13 00:40', 'https://www.reddit.com/r/CryptoMoonShots/comments/lin9ie/update_on_nimiq_browser_based_blockchain_thread/gn4731n/', "I've been around since mainnet launch. Nimiq is my largest altcoin holding. Love the team and the tech, its been a long hodl but will be worth it.", 'lin9ie']]], ['u/InCraZPen', 'Buy Vechain without SSN', 39, '2021-02-13 00:14', 'https://www.reddit.com/r/Vechain/comments/ling4k/buy_vechain_without_ssn/', 'I am not a fan of giving out my SSN to online websites unless I have to. I have BTC and ETH and would prefer to not give Binance my SSN. What exchange could I use to get VeChain without having to pay larger fees.', 'https://www.reddit.com/r/Vechain/comments/ling4k/buy_vechain_without_ssn/', 'ling4k', [['u/Bills_mafia30', 11, '2021-02-13 00:50', 'https://www.reddit.com/r/Vechain/comments/ling4k/buy_vechain_without_ssn/gn488dl/', 'Oceanex is perfect for this they don’t look into ur signup', 'ling4k']]], ['u/Accident-Icy', 'When do you think bull run is going to end?', 35, '2021-02-13 00:36', 'https://www.reddit.com/r/nanotrade/comments/linvtt/when_do_you_think_bull_run_is_going_to_end/', 'Hi! When do you think bull run is goingo to end? \n\nWell, all we know that Nano is the best crypto out there, but also this is not going up everytime until reach 1000, so probably we will have another big drop like we had on 2018. So the question here is... when is time to sell? I know many things have change and now we have some big companies trying to take the bitcoin ship and when they realize that Nano is the fucking god compares to Bitcoin we willl rocket like crazy. Anyways I am little bit afraid : |\n\n​\n\nWhat´s your thoughs? \n\n\nsorry for my poor english. Peace and love for everyone', 'https://www.reddit.com/r/nanotrade/comments/linvtt/when_do_you_think_bull_run_is_going_to_end/', 'linvtt', [['u/spruce_g00se', 11, '2021-02-13 00:57', 'https://www.reddit.com/r/nanotrade/comments/linvtt/when_do_you_think_bull_run_is_going_to_end/gn48ztr/', 'IMO between 1st Sept and 31st Dec this year.. going by time patterns of previous bullruns mainly based on BTC analysis..', 'linvtt'], ['u/HelloOfficer24', 42, '2021-02-13 01:03', 'https://www.reddit.com/r/nanotrade/comments/linvtt/when_do_you_think_bull_run_is_going_to_end/gn49p2q/', 'Bitcoin seems pretty good right now. Which typically dictates the market.\n\nAll the boomers are waking up to crypto again and buying into the store of value argument/digital gold thesis. BUT they stop their research/investing at bitcoin because computers scare them & they can’t do an ounce of due diligence outside of the bitcoin propaganda machine, and because there are easy to access USD/BTC onramps. So we’ve got months of continued retail and institutional investment into BTC, meanwhile the ALTs will begin their climb and reorganize based on utility/value or whoever has the best marketing/pump pitch/Elon tweets. And once the information flows upward slowly that their are better systems of value transfer/storage people will be converted. \n\nThis year will be great for Nano I think, even after this bubble pops, I can’t foresee a scenario where we end up in a similar bitgrail/catastrophe again. Nano is on exchanges, community is strong as fuck, multiple wallets, protocol is improved.\n\n2021 will be great year for Nano', 'linvtt'], ['u/BuyNanoNotBitcoin', 14, '2021-02-13 06:09', 'https://www.reddit.com/r/nanotrade/comments/linvtt/when_do_you_think_bull_run_is_going_to_end/gn55n33/', "Honestly, I don't think it will, not in the way people expect. There's so much institutional money involved that I think the lines between bull and bear markets will become extremely blurred.\n\nI think it's going to start looking more and more like the stock market over time. And less like a repeatedly bursting bubble.", 'linvtt']]], ['u/sinn98', "I'm starting to see why litecoin is to bitcoin like silver is to gold.", 69, '2021-02-13 00:43', 'https://www.reddit.com/r/litecoin/comments/lio0wx/im_starting_to_see_why_litecoin_is_to_bitcoin/', 'Hey guys,\n\nBeen a long-time hodler of litecoin since 2014.\n\nAs the crypto space starts expanding, one thing I think is clear is that bitcoin really will become the "gold 2.0" and less of a quick-change currency, while inheriting all the hassles of "lugging" around physical gold (i.e. high fees).\n\nLitecoin, as I understand it, was made to be less scarce, but faster, or less fees...kind of like how silver counterparts to gold these days.\n\nWhat are your thoughts on this?', 'https://www.reddit.com/r/litecoin/comments/lio0wx/im_starting_to_see_why_litecoin_is_to_bitcoin/', 'lio0wx', [['u/noemata1', 26, '2021-02-13 00:48', 'https://www.reddit.com/r/litecoin/comments/lio0wx/im_starting_to_see_why_litecoin_is_to_bitcoin/gn4817p/', "I have no idea why Litecoin is so much cheaper compared to BTC. It is well-established, reputable, fast, easy to use, convenient, well-accepted, and has a max supply only 4x BTC's total supply. The word undervalued really applies to Litecoin.", 'lio0wx'], ['u/goguemah', 19, '2021-02-13 00:53', 'https://www.reddit.com/r/litecoin/comments/lio0wx/im_starting_to_see_why_litecoin_is_to_bitcoin/gn48kjq/', 'When all people can own is like 0.0001 BTC, they will seek out more LTC. Both have same properties but different supply limit. People will use them as store of value.\n\nI think when CBDC’s come out... i think people will use those coins to spend instead. Just speculating here.', 'lio0wx'], ['u/ricosuave79', 12, '2021-02-13 01:04', 'https://www.reddit.com/r/litecoin/comments/lio0wx/im_starting_to_see_why_litecoin_is_to_bitcoin/gn49uau/', 'It is shunned by a large chunk of the crypto community because Charlie Lee sold out at the top.', 'lio0wx'], ['u/modsgay', 13, '2021-02-13 01:41', 'https://www.reddit.com/r/litecoin/comments/lio0wx/im_starting_to_see_why_litecoin_is_to_bitcoin/gn4dwpo/', 'All it needs is a bit more...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, slipped by 0.40% on Saturday. Following on from 1.26% decline on Friday, Bitcoin ended the day at $47,177.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse. Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0. Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red. The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Bitcoin Cash SV and Litecoin jumped by 12.77% and by 14.92% respectively to lead the way, with Chainlink rallying by 11.50%. Crypto.com Coin (+5.26%) and Ripple’s XRP (+3.91%) also found support on the day. It was a bearish day for the rest, however. Binance Coin (-2.59%), Cardano’s ADA (-1.27%), Ethereum (-1.45%), and Polkadot (-2.04%) joined Bitcoin in the red. In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,453.99bn. Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoin’s dominance stood at 60.42%. This Morning At the time of writing, Bitcoin was. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Binance Coin (-0.71%), Cardano’s ADA (-0.20%), Chainlink (-0.03%), Ethereum (-0.42%), and Litecoin (-1.01%) joined Bitcoin in the red early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 2.44% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $47,214 to bring the first major resistance level at $48,172 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s high $48,209.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,168. Failure to move back through the $47,214 pivot would bring the first major support level at $46,218 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $45,260. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Mid-Session Technical Analysis for February 12, 2021 US Shares Churn Higher as Sector Rotation Continues Amid Stimulus Hopes S&P 500 Weekly Price Forecast – Continue to Grind Even Higher Asia-Pacific Currencies: Increased Demand for Risk Weakened Dollar while Underpinning Aussie, Kiwi and Yen The Crypto Daily – Movers and Shakers – February 13th, 2021 Is volatility giving a warning?', 'Bitcoin , BTC to USD, slipped by 0.40% on Saturday. Following on from 1.26% decline on Friday, Bitcoin ended the day at $47,177.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse. Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0. Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red. The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Bitcoin Cash SV and Litecoin jumped by 12.77% and by 14.92% respectively to lead the way, with Chainlink rallying by 11.50%. Crypto.com Coin (+5.26%) and Ripple’s XRP (+3.91%) also found support on the day. It was a bearish day for the rest, however. Binance Coin (-2.59%), Cardano’s ADA (-1.27%), Ethereum (-1.45%), and Polkadot (-2.04%) joined Bitcoin in the red. In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,453.99bn. Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoin’s dominance stood at 60.42%. This Morning At the time of writing, Bitcoin was. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Binance Coin (-0.71%), Cardano’s ADA (-0.20%), Chainlink (-0.03%), Ethereum (-0.42%), and Litecoin (-1.01%) joined Bitcoin in the red early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 2.44% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $47,214 to bring the first major resistance level at $48,172 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s high $48,209.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,168. Failure to move back through the $47,214 pivot would bring the first major support level at $46,218 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $45,260. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Mid-Session Technical Analysis for February 12, 2021 US Shares Churn Higher as Sector Rotation Continues Amid Stimulus Hopes S&P 500 Weekly Price Forecast – Continue to Grind Even Higher Asia-Pacific Currencies: Increased Demand for Risk Weakened Dollar while Underpinning Aussie, Kiwi and Yen The Crypto Daily – Movers and Shakers – February 13th, 2021 Is volatility giving a warning?', 'By Noreen Burke\nInvesting.com -- Investors will continue to monitor progress towards more U.S. fiscal stimulus in the holiday shortened week ahead and while earnings season is starting to wind down there are still some big names left to report. On the economic calendar, U.S. retail sales figures and the minutes of the Federal Reserve’s latest meeting will be the main events to watch. Market participants will also be closely following Thursday’s hearing before the House Financial Services Committee on the recent trading turmoil in GameStop (NYSE:GME) and other heavily shorted stocks and bitcoin is closing in on $50K. Here’s what you need to know to start your week.\nStimulus\nPresident Joe Biden’s $1.9 trillion Covid-19 relief package will move to the next stage during the week, with the House Budget Committee pulling all the components into a single piece of legislation.\nBiden’s proposed spending package, coming on top of $4 trillion enacted by his Republican predecessor, Donald Trump, would have important consequences for a global economy that is slowly and unevenly recovering after last year suffering its worst downturn since the Great Depression of the 1930s.\nOn Friday, U.S. Treasury Secretary Janet Yellen urged G7 finance leaders to provide more fiscal support to promote a robust and lasting recovery, telling them "the time to go big is now."\nEarnings\nThe S&P 500 and Nasdaq closed at record highs on Friday as expectations for new fiscal aid from Washington to help the U.S. economy recover bolstered risk appetite. Investors will be looking ahead to earnings from Walmart (NYSE:WMT) on Thursday for insights on the strength of consumer spending.\nInvestors will also be looking at earnings reports from hotels, cruise lines and other businesses that have been badly hit by the pandemic for indications of which could be the first to bounce back as it recedes.\nHilton Worldwide Holdings (NYSE:HLT) and Hyatt Hotels (NYSE:H) are expected to release their results on Wednesday, followed by Marriott (NASDAQ:MAR), Norwegian Cruise Line (NYSE:NCLH) and TripAdvisor (NASDAQ:TRIP) on Thursday.\nU.S. stock markets will be closed on Monday for the Presidents Day holiday.\n3. Economic data\nThe highlights of the U.S. economic calendar will be data onretail salesandindustrial productionfor January, which are expected to show that the economy got off to a strong start in 2021.\nInvestors will also be watching Thursday’s figures oninitial jobless claimswith the recovery in the labor market remaining slow. Labor market woes strengthen the case for President Biden\'s proposed $1.9 trillion recovery package, which is under consideration in the U.S. Congress.\nMeanwhile,minutesfrom the Federal Reserve’s January policy meeting are due out on Wednesday.\nBitcoin $50K\nBitcoin reached a new record high on Sunday, rising above the $49,000 level for the first time.\nBitcoin received a boost after BNY Mellon (NYSE:BK) last week announced it would help clients hold, transfer and issue digital assets. The move came just days after Elon Musk\'s Tesla (NASDAQ:TSLA) said it had bought $1.5 billion worth of the cryptocurrency and would accept it as a form of payment for its cars, signaling a push into the mainstream for the digital asset.\nOn Saturday, Bloomberg reported that Morgan Stanley (NYSE:MS) investment arm is weighing whether to add the digital currency to its list of possible bets.\nSome market participants though continued to advise caution.\n"Investors must remember that bitcoin is not a simple, get-rich-scheme. In reality, it has been, and will continue to be, susceptible to
**Last 60 Days of Bitcoin's Closing Prices:**
[21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-02-14
**Financial & Commodity Data:**
- Gold Closing Price: $1821.60
- Crude Oil Closing Price: $59.47
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $874,742,195,206
- Hash Rate: 158760930.78544855
- Transaction Count: 298254.0
- Unique Addresses: 698818.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Higher returns for financial services users with a low risk mindset
SINGAPORE, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Launching its brand new platform,MiMooffers a bridge between DeFi (decentralized finance) and the trusted EURO fiat world. Conservative and risk-averse financial services users who are seeking higher returns than those currently offered by traditional banking institutions can now access a EURO DeFi platform that yields impressive returns without exposure to high volatility as is the case with many other cryptocurrencies. In a nutshell, the MiMo stable token PAR now offers upthe first EURO alternative to USD pegged stablecoins.
“With PAR, we are creating an alternative to USD pegged stablecoins such as USDT, USDC or PAX. With a token algorithmically pegged to the EURO, there is a stronger liability due to the inherent macroeconomic politics of the European Union, which make it a great hedge against quantitative easing, inflation and loss of purchasing power that may happen to USD pegged tokens.” - Nick Calabro, Growth Manager at MiMo.Safest, Fastest Decentralized Approach to Managing Your EURO
With Mimo, traditional banks might be a thing of the past. MiMo offers the safest and fastest way to access and manage your EURO funds without financial intermediaries. MiMo’s protocol offers PAR, the first price-stable token algorithmically pegged to the EURO. With Mimo, financial services users can borrow and stake PAR as a EURO pegged token while earning rate yields with lower risks.
Users can deposit Bitcoin or Ethereum as collateral to their MiMo vaults to receive PAR tokens as a loan. Once this loan is paid back, it generates fees. The fees generated enter a Healthy Fee Distribution Ecosystem - 10% of the collected fees are used as insurance for securing vaults against liquidation in the event of lowering collateral inside of the vaults. 90% of the fees are used for growing liquidity in PAR’s AMM pools. This lowers slippage in trades between PAR tokens and other crypto assets. Also, users who provide liquidity to PAR Pools earn attractive trading fees from the pool.
Security Audited by Quantstamp
MiMo’s code has been audited byQuantstamp, a leader in blockchain security that verifies that the system works as intended. Evaluating the repository for security-related issues, code quality, and adherence to specification and best practices, MiMo’s Quantstampsecurity assessment certificatestates that “overall, the code is well-written, well-documented, and well-tested.”
For more information regarding MiMo and the PAR token, visithttps://mimo.capital.Download theWhite Paper here.
MiMo Officials:Telegram:https://t.me/mimodefiReddit:https://www.reddit.com/r/mimodefi/Twitter:https://twitter.com/mimodefiInstagram:https://www.instagram.com/mimo_defi/Facebook:https://www.facebook.com/mimodefiMedia ContactCecilia Wong,[email protected]+65-91826605...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 2.98% on Sunday. Reversing a 0.40% decline Saturday, Bitcoin ended the week up by 25.08% to $48,584.0.\nA mixed start to the day saw Bitcoin slip to an early morning intraday low $47,030.0 before making a move.\nSteering clear of the first major support level at $46,218, Bitcoin rallied to a mid-day intraday high and a new swing hi $49,659.0.\nBitcoin broke through the first major resistance level at $48,172 and the second major resistance level at $49,168.\nA bearish end to the day, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$49,000.\nThe near-term bullish trend remained intact, supported by the Sunday’s new swing hi $49,659.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,442 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Sunday.\nBinance Coin(+1.96%),Bitcoin Cash SV(+2.94%), andCrypto.com Coin(+0.33%) bucked the trend to join Bitcoin in the green.\nIt was a bearish day for the rest of the majors, however.\nCardano’s ADA(-7.61%), Polkadot (-X%), andRipple’s XRP(-6.74%) led the way down.\nChainlink(-3.07%), andLitecoin(-5.54%) also struggled.\nEthereumsaw relatively modest 0.77% loss, however.\nFor the week, it was a bullish week for the crypto majors, however.\nBinance Coin surged by 98.52% to lead the way.\nBitcoin Cash SV (+43.58%), Cardano’s ADA (+27.43%), Chainlink (+34.02%), Crypto.com Coin (+40.20%), Litecoin (+41.05%), Ripple’s XRP (+41.34%) also found strong support.\nEthereum (+11.65%) and Polkadot (+8.63%) trailed the front runners, however.\nIn the week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Sunday high $1,539.20bn. At the time of writing, the total market cap stood at $1,453.99bn.\nBitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.67%. At the time of writing, Bitcoin’s dominance stood at 60.42%.\nAt the time of writing, Bitcoin was up by 0.23% to $47,694.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,592.0 to a high $48,727.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day. Crypto.com Coin was down by 1.27% early on to buck the trend.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Bitcoin Cash SV was up by 2.94% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $48,424 to bring the first major resistance level at $49,819 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Sunday’s swing hi $49,659.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $51,053.\nFailure to avoid a fall through the $48,424 pivot would bring the first major support level at $47,190 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,795.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers – February 14th, 2021\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 15th, 2021\n• Natural Gas Price Fundamental Daily Forecast – Futures Capped by Stubborn Short-Sellers While Spot Prices Soar\n• The Crypto Daily – Movers and Shakers – February 15th, 2021\n• The Week Ahead – A Busy Economic Calendar and U.S Politics in Focus\n• S and P day trade Feb 14 2021', 'Bitcoin , BTC to USD, rose by 2.98% on Sunday. Reversing a 0.40% decline Saturday, Bitcoin ended the week up by 25.08% to $48,584.0. A mixed start to the day saw Bitcoin slip to an early morning intraday low $47,030.0 before making a move. Steering clear of the first major support level at $46,218, Bitcoin rallied to a mid-day intraday high and a new swing hi $49,659.0. Bitcoin broke through the first major resistance level at $48,172 and the second major resistance level at $49,168. A bearish end to the day, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$49,000. The near-term bullish trend remained intact, supported by the Sunday’s new swing hi $49,659.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,442 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Binance Coin (+1.96%), Bitcoin Cash SV (+2.94%), and Crypto.com Coin (+0.33%) bucked the trend to join Bitcoin in the green. It was a bearish day for the rest of the majors, however. Cardano’s ADA (-7.61%), Polkadot (-X%), and Ripple’s XRP (-6.74%) led the way down. Chainlink (-3.07%), and Litecoin (-5.54%) also struggled. Ethereum saw relatively modest 0.77% loss, however. For the week, it was a bullish week for the crypto majors, however. Binance Coin surged by 98.52% to lead the way. Bitcoin Cash SV (+43.58%), Cardano’s ADA (+27.43%), Chainlink (+34.02%), Crypto.com Coin (+40.20%), Litecoin (+41.05%), Ripple’s XRP (+41.34%) also found strong support. Ethereum (+11.65%) and Polkadot (+8.63%) trailed the front runners, however. In the week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Sunday high $1,539.20bn. At the time of writing, the total market cap stood at $1,453.99bn. Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.67%. At the time of writing, Bitcoin’s dominance stood at 60.42%. Story continues This Morning At the time of writing, Bitcoin was up by 0.23% to $47,694.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,592.0 to a high $48,727.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Crypto.com Coin was down by 1.27% early on to buck the trend. It was a bullish start for the rest of the majors, however. At the time of writing, Bitcoin Cash SV was up by 2.94% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $48,424 to bring the first major resistance level at $49,819 into play. Support from the broader market would be needed for Bitcoin to break out from Sunday’s swing hi $49,659.0. Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $51,053. Failure to avoid a fall through the $48,424 pivot would bring the first major support level at $47,190 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,795. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – February 14th, 2021 EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 15th, 2021 Natural Gas Price Fundamental Daily Forecast – Futures Capped by Stubborn Short-Sellers While Spot Prices Soar The Crypto Daily – Movers and Shakers – February 15th, 2021 The Week Ahead – A Busy Economic Calendar and U.S Politics in Focus S and P day trade Feb 14 2021', 'Ethereumfell by 0.77% on Sunday. Following a 1.45% fall from Saturday, Ethereum ended the week up by 11.65% to $1,803.75.\nA bullish start to the day saw Ethereum rise to a mid-morning intraday high $1,852.47 before hitting reverse.\nComing up short of the first major resistance level at $1,875, Ethereum fell to a mid-afternoon intraday low $1,785.07.\nSteering clear of the first major support level at $1,764, Ethereum revisited $1,830 levels before easing back.\nAt the time of writing, Ethereum was up by 0.32% to $1,809.50. A bullish start to the day saw Ethereum rise from an early morning low $1,803.25 to a high $1,814.00.\nEthereum left the major support and resistance levels untested early on.\nEthereum would need to move through the pivot level at $1,814 to support a run at the first major resistance level at $1,843.\nSupport from the broader market would be needed, however, for Ethereum to break back through to $1,840 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at Saturday’s swing hi $1,877.88 would likely cap any upside.\nIn the event of an extended crypto rally, Ethereum could test resistance at $1,900 before any pullback. The second major resistance level sits at $1,881.\nFailure to move through the $1,814 pivot would bring the first major support level at $1,775 into play.\nBarring an extended sell-off, however, Ethereum should continue to steer clear of sub-$1,700 levels. The second major support level at $1,746 should limit the downside.\nFirst Major Support Level: $1,775\nPivot Level: $1,814\nFirst Major Resistance Level: 1,843\n23.6% FIB Retracement Level: $1,447\n38.2% FIB Retracement Level: $1,186\n62% FIB Retracement Level: $764\nLitecoinslid by 5.54% on Sunday. Partially reversing a 14.92% jump from Saturday, Litecoin ended the week up by 41.05% to $213.93.\nA mixed start to the day saw Litecoin slip to a mid-morning low $213.57 before making a move.\nFinding mid-morning support, Litecoin struck a late morning intraday high and a new swing hi $230.81 before hitting reverse.\nFalling well short of the first major resistance level at $240.09, Litecoin fell to a mid-afternoon intraday low $208.57.\nSteering clear of the first major support level at $202.57, Litecoin revisited $220 levels before falling back into the deep red.\nAt the time of writing, Litecoin was down by 0.08% to $213.75. A mixed start to the day saw Litecoin rise to an early morning high $215.83 before falling to a low $213.15.\nLitecoin left the major suppor
**Last 60 Days of Bitcoin's Closing Prices:**
[22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-15
**Financial & Commodity Data:**
- Gold Closing Price: $1821.60
- Crude Oil Closing Price: $59.47
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $904,395,989,994
- Hash Rate: 160891949.9906224
- Transaction Count: 308496.0
- Unique Addresses: 769869.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: What do you know about Mark Zuckerberg? What about the origins of Facebook? Or the Winklevoss twins? Odds are you first learned about them from “The Social Network.” And that film was based on the book “The Accidental Billionaires,” written by Ben Mezrich, who – in a remarkable bit of savvy – sold the movie rights before he even finished the book.
This is Mezrich’s specialty: sniffing out the big stories that seep into the zeitgeist. He pulled the same trick with blackjack (“Bringing Down the House,” later adapted into the movie “21”), UFOs, wooly mammoths and, most recently, bitcoin.
This post is part of CoinDesk’s2020 Year in Review– a collection of op-eds, essays and interviews about the year in crypto and beyond. This interview with Ben Mezrich, author of “Bitcoin Billionaires,”has been condensed and lightly edited for clarity.
Related:The Blockchain NFT Wars Are Here
Mezrich returned to the world of the Winklevii with “Bitcoin Billionaires,” the book that introduced the story of the Bitcoin system (through the prism of the Winklevoss twins) to a new mainstream audience. And as 2020 draws to a close, Mezrich seems to have caught a bit of crypto fever, relishing his role as a Bitcoin Bull. “Bitcoin 20K! Now everyone who ever bought bitcoin and held has made money,” he tweets, noting that “Ain’t nobody talkin’ bout tulips anymore.”
The author’s influence goes beyond Twitter. In early 2020, in what feels like 37 years ago, Mezrich worked as a writer on Season 5 of “Billions,” helping the show nail its crypto arc and nudging the storyline further to the mainstream. From the way Mezrich gushes online aboutbitcoin, you’d assume a good chunk of his assets are pegged to BTC and that he’s on the cusp of buying Lambos.
The exact amount of his holdings?
Zero.
Related:Druckenmiller, Jones and Bitcoin’s Perfect Trading Machine
“I don’t own any bitcoin,” Mezrich tells me in our wide-ranging conversation. “I’m sure my book inspired a lot of people to buy it. And a lot of people are going to get a lot richer than I am because they read my book. And I’m happy for them.”
Mezrich is not into bitcoin to get rich but to help tell its story. And this he does well. From his pandemic-getaway home in Vermont, he explains how the Winklevoss twins are misunderstood, why “mining is one massive mind-f**k,” shares some behind-the-scenes nuggets from the writing room of “Billions,” teases that Armie Hammer might reprise his role in a movie or TV adaptation of “Bitcoin Billionaires,” and floats the possibility of a sequel to “The Social Network.”
Let’s start with the twins.
How’d you first get involved in the world of crypto?
Ben Mezrich:So when I wrote “Accidental Billionaires,” that started as a random email in the middle of the night, from a friend of Eduardo Saverin’s. It was just: ‘My best friend founded Facebook, and no one’s ever heard of him.’ And when I started writing that book, I reached out to the Winklevoss twins. When I first met them, they were the bad guys, or at least that’s how I viewed them. They were the big jocks, dressed up in skeleton costumes, chasing the Karate Kid around the gym. But the Winklevoss twins were incredible sources, and I stayed in touch with them.
A lot of people are going to get a lot richer than I am because they read my book. And I’m happy for them.
They actually came to the movie premiere. Even though they didn’t love everything about their portrayal, at least their story was being told. So we got along very well. I thought they were very honest people, but I really only saw them in one light. I knew nothing about Bitcoin [the blockchain]. People over the years have said, “You should write about Bitcoin,” but I’d never been interested in writing about it because, honestly, it just sounded likemath. I hate that word “blockchain.” And I didn’t really know the story. Then, years later, my wife saw a headline that the Winklevoss twins are the first bitcoin billionaires. [In anarticlefrom The New York Times’ Nathaniel Popper.]
And that’s a total curveball, right?
Mezrich:I thought, “Wow, that’s strange.” Because I assumed you’d never hear from these guys again. And then I see them as billionaires suddenly in their own right. And I thought, “Okay, now that makes bitcoin interesting to me.”
How have your thoughts on the Winklevoss twins changed?
Mezrich:It was sort of looking at them again in a totally different light. Not that theyaren’tthese big Olympic athletes who were the cool kids on campus. All of that is still true. But they’re not one-sided. These are guys who definitely understood something about revolutions, and understood something about starting a business and entrepreneurship and building something.
And it wasn’t an accident that they had stumbled into bitcoin. Because a lot of people stumbled into bitcoin. Every one of us had heard about bitcoin, but we’re not all billionaires. What’s crazy about bitcoin is that every one of us could be a billionaire right now, because we all could have once afforded 200,000 bitcoin when it was just [worth] pennies.
See also:Winklevoss Twins to Help Produce‘Bitcoin Billionaires’ Book for Film
What were your first impressions of the crypto space?
Mezrich:The first thing you kind of have to get through is the question of whether this is a scam. Whether this is a scheme. Or tulips. Or a bubble. And when I first got into the story, bitcoin had fallen from its height of $20,000 down to $3,000.
And then the second thing, of course, is the Silk Road stuff, and where Bitcoin came from. The people who were into Bitcoin originally were outsiders … fringe people. The people who understood it first were not mainstream people. So one of the things when I started researching was, “What is Bitcoin? What is it supposed to be? And the people who were into it at first, are they going to be the people who will take it to that next place?”
What was intriguing about the Winklevoss twins is that they came into it from a very different perspective from the people who started it – the Roger Vers of the world. They had a very different perception of what Bitcoin is supposed to be. And that conflict feeds the whole book.
You seem like quite the bitcoin bull. You’re optimistic about the space?
Mezrich:I don’t own bitcoin. I have missed out again and again and again. If I had taken my book advance in bitcoin I would be retired right now. [Laughs.] I would have had made six times my money. And I kick myself every day because I don’t have any bitcoin.
I never would have guessed that!
Mezrich:As a writer, my goal is not to make money on bitcoin, my goal is to tell the story of bitcoin. And I think, at first, that really was something I did purposefully. I am a big believer in where bitcoin is going, and I love the fact that people are going to get wealthy off of it. And I think that we should be happy when people take a risk and succeed because it’s inspiring. People were willing to take a risk, and they were smart enough to look at it the way other people didn’t. And everyone was telling them they were wrong. I love that. I love that Silicon Valley didn’t get it. And I love that the mainstream economic world just didn’t understand it.
I didn’t buy any Facebook stock either, and I was in on that story before the IPO. I’ve written a lot of stories that have made a lot of other people rich while I stay in Vermont and watch them get rich. If some hedge fund was smart enough to just hire me, I could sit in a room and tell them what they should invest in.
They should totally hire you!
Mezrich:They should! You should tell them that. Tell them in your article I’m available. Just put me up in an office and I’ll give you a couple of ideas.
You’re kind of like the “anti-quant,” you’re like the “qualt” for extremely qualitative analysis.
Mezrich:Exactly.
The qualts are the guys who come in, think of book ideas, and that’s where you put your money.
Mezrich:It’s really true. I mean, listen, I was in on DraftKings before DraftKings appeared. I wrote a book called “Straight Flush” about the online gambling world. I wrote a book called “Woolly” about the woolly mammoth coming back to life, and it’s all about genetic engineering. I mean, I’ve been on the verge of a lot of these stories because I’m looking for revolutions every time. It’s cool to see these things happen. And it’s neat that with bitcoin, I’m actually able to watch in real time. Right now it appears to be finding this mainstream voice, which is amazing.
What’s your process for finding story ideas?
Mezrich:Most of my main stories have come to me just luckily and randomly. Someone calling or emailing or messaging me on Twitter, just finding me and pitching me a story. That’s where a good three-quarters of my stories have come from. I’m also always on the lookout. But it’s really tricky. I can’t just write agoodstory. It needs to be big enough that everyone in the world is going to want to read it, that Hollywood is going to want to make a big movie about it.
They were the big jocks, dressed up in skeleton costumes, chasing The Karate Kid around the gym. But the Winklevoss twins were incredible sources, and I stayed in touch with them.
Every book I’ve ever written, I’ve sold the movie rights before I sold the book rights. For every project I do, I write a treatment, I sell the Hollywood rights and then I write the book. And I won’t write a book if I don’t think it can be this huge international movie or whatever. So the stories have to bebig. They have to be woolly mammoth big.
See also: Jeff Wilser –Addicted to Crypto?
What stories have you tried to get but it didn’t quite work out?
Mezrich:I’ve tried to get to [Tesla CEO] Elon Musk because I’m fascinated by someone who breaks all the rules and changes everything. I think that’s a story that I would obviously want to write, and I think I’d be the right person to write it. But I haven’t heard back from him.
I don’t know what the next thing will be but I always have my eyes open. When some...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Saqib Iqbal Ahmed\nNEW YORK (Reuters) - The Dow Jones Industrial Average notched a record closing high, joining a global march propelling stock indexes to record highs on Tuesday, as investors bet that COVID-19 vaccinations and U.S. stimulus will deliver a durable economic recovery after a year of lockdowns.\nBitcoin added to the bullish mood, briefly climbing above $50,000 for the first time, while prospects of "reflation" - a boost in inflation from extraordinary fiscal stimulus - pushed U.S. Treasury yields higher.\nU.S. President Joe Biden was traveling to Wisconsin on Tuesday to press his case for a $1.9 trillion pandemic relief bill in the political battleground state that helped secure his victory in last year\'s presidential election.\nThe MSCI\'s global stock index was about flat at 684.70 after hitting a record high of 687.26 earlier in the session.\nOn Wall Street, the Dow hit an all-time high on Tuesday, while the S&P 500 and the Nasdaq retreated slightly from record levels, as investors bet on more fiscal aid to lift the world\'s biggest economy from a coronavirus-driven slump.\n"The reflation trade continues to push equity markets across all industries and multi-caps ... and this rally could continue in the near-term," said Tony Bedikian, head of global markets at Citizens Bank in Boston.\nThe Nasdaq dipped as technology stocks moved lower, while concerns over rising interest rates kept the benchmark S&P 500 little changed.\nThe Dow Jones Industrial Average rose 64.35 points, or 0.2%, to close at 31,522.75, the S&P 500 lost 2.24 points, or 0.06%, to finish at 3,932.59 and the Nasdaq Composite dropped 47.98 points, or 0.34%, to end at 14,047.50.\nEuropean shares ended about flat around a one-year peak on Tuesday as a boost from major mining and bank stocks was tempered by losses in most other sectors, with investors remaining uncertain over a euro zone economic recovery.\nThe pan-European STOXX 600 index finished down 0.06%.\nThe 10-year U.S. Treasury yield rose above 1.3% for the first time in nearly a year on Tuesday and the yield curve steepened as expectations of extended fiscal and monetary stimulus alongside hopes of an economic upswing added momentum to the reflation trade.\n"The market has fully embraced the prospects of Biden\'s $1.9 trillion stimulus, and the accelerated vaccine rollout is support of further bearish price action as well," Westpac strategists told clients.\nBond yield curves - considered a reliable barometer of growth expectations - have also steepened, with the gap between two-year and 10-year U.S. notes now around 117 bps, the widest since March 2017..\nThe U.S. dollar bounced off three-week lows as bullish comments from a U.S. Federal Reserve official and upbeat manufacturing data helped arouse investor risk appetite.\nAgainst a basket of its rivals, the greenback gained 0.245% to 90.555, after earlier falling to 90.117, its lowest level since Jan. 26.\nBitcoin briefly soared above $50,000 to an all-time high, adding steam to a rally fueled by signs that the world\'s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. The cryptocurrency was last up 1.5% at $48,649.25.\nGraphic: Bitcoin crosses $50K - https://fingfx.thomsonreuters.com/gfx/buzz/oakvermrepr/Pasted%20image%201613479653838.png\nOil prices hovered near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas.\nBrent crude futures settled at $63.35 a barrel, up 5 cents or 0.08%, while U.S. crude oil futures settled at $60.05 a barrel, up 58 cents, or 0.98%.\nU.S. natural gas futures jumped as much as 10.4% on Tuesday to an over three-month high as bone-chilling weather across the United States disrupted pipeline flows and pushed up heating demand.\nSpot gold XAU= was down 1.34% at $1,794.06 an ounce.\n(Reporting by Saqib Iqbal Ahmed; Editing by Dan Grebler and Jonathan Oatis)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) - The Dow Jones Industrial Average notched a record closing high, joining a global march propelling stock indexes to record highs on Tuesday, as investors bet that COVID-19 vaccinations and U.S. stimulus will deliver a durable economic recovery after a year of lockdowns. Bitcoin added to the bullish mood, briefly climbing above $50,000 for the first time, while prospects of "reflation" - a boost in inflation from extraordinary fiscal stimulus - pushed U.S. Treasury yields higher. U.S. President Joe Biden was traveling to Wisconsin on Tuesday to press his case for a $1.9 trillion pandemic relief bill in the political battleground state that helped secure his victory in last year\'s presidential election. The MSCI\'s global stock index was about flat at 684.70 after hitting a record high of 687.26 earlier in the session. On Wall Street, the Dow hit an all-time high on Tuesday, while the S&P 500 and the Nasdaq retreated slightly from record levels, as investors bet on more fiscal aid to lift the world\'s biggest economy from a coronavirus-driven slump. "The reflation trade continues to push equity markets across all industries and multi-caps ... and this rally could continue in the near-term," said Tony Bedikian, head of global markets at Citizens Bank in Boston. The Nasdaq dipped as technology stocks moved lower, while concerns over rising interest rates kept the benchmark S&P 500 little changed. The Dow Jones Industrial Average rose 64.35 points, or 0.2%, to close at 31,522.75, the S&P 500 lost 2.24 points, or 0.06%, to finish at 3,932.59 and the Nasdaq Composite dropped 47.98 points, or 0.34%, to end at 14,047.50. European shares ended about flat around a one-year peak on Tuesday as a boost from major mining and bank stocks was tempered by losses in most other sectors, with investors remaining uncertain over a euro zone economic recovery. The pan-European STOXX 600 index finished down 0.06%. The 10-year U.S. Treasury yield rose above 1.3% for the first time in nearly a year on Tuesday and the yield curve steepened as expectations of extended fiscal and monetary stimulus alongside hopes of an economic upswing added momentum to the reflation trade. "The market has fully embraced the prospects of Biden\'s $1.9 trillion stimulus, and the accelerated vaccine rollout is support of further bearish price action as well," Westpac strategists told clients. Bond yield curves - considered a reliable barometer of growth expectations - have also steepened, with the gap between two-year and 10-year U.S. notes now around 117 bps, the widest since March 2017.. Story continues The U.S. dollar bounced off three-week lows as bullish comments from a U.S. Federal Reserve official and upbeat manufacturing data helped arouse investor risk appetite. Against a basket of its rivals, the greenback gained 0.245% to 90.555, after earlier falling to 90.117, its lowest level since Jan. 26. Bitcoin briefly soared above $50,000 to an all-time high, adding steam to a rally fueled by signs that the world\'s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. The cryptocurrency was last up 1.5% at $48,649.25. Graphic: Bitcoin crosses $50K - https://fingfx.thomsonreuters.com/gfx/buzz/oakvermrepr/Pasted%20image%201613479653838.png Oil prices hovered near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas. Brent crude futures settled at $63.35 a barrel, up 5 cents or 0.08%, while U.S. crude oil futures settled at $60.05 a barrel, up 58 cents, or 0.98%. U.S. natural gas futures jumped as much as 10.4% on Tuesday to an over three-month high as bone-chilling weather across the United States disrupted pipeline flows and pushed up heating demand. Spot gold XAU= was down 1.34% at $1,794.06 an ounce. (Reporting by Saqib Iqbal Ahmed; Editing by Dan Grebler and Jonathan Oatis) View comments', 'By Stephen Culp\nNEW YORK (Reuters) - The U.S. dollar rebounded from three-week lows on Tuesday as Treasury yields hit pre-pandemic highs and bullish economic sentiment boosted investor risk appetite.\nBitcoin also surpassed $50,000 to a hit record high as it continued to gain credibility among companies and investors.\nBenchmark 10-year Treasury yields touched their highest level since February 2020, adding upward pressure to the greenback as economic optimism fueled the reflation trade.\nThat optimism was echoed by St. Louis Federal Reserve President James Bullard, who said in an interview on CNBC that U.S. financial conditions were "generally good," and that inflation was likely to heat up this year.\nThe New York Fed\'s upbeat Empire State manufacturing report offered a rosier economic picture than suggested by data released last week.\n"High yields are providing the dollar with a little bit of support," said Shaun Osborne, chief FX strategist at Scotiabank in Toronto. "But a lot of folks believe rising yields are going to be accompanied with higher inflation."\n"I\'m not sure today\'s action is telling us a lot about the overall trend," Osborne added. "I think the dollar is likely to trade more softly going forward."\nAgainst a basket of its rivals, the dollar gained 0.21% to 90.508, after earlier falling to 90.117, its lowest level since Jan. 26.\nBitcoin breached $50,000 to touch an all-time high of $50,602, but had last pulled back to $48,675.18. The world\'s largest cryptocurrency has risen around 68% so far this year, boosted by Tesla Inc\'s announcement that it had bought $1.5 billion in bitcoin.\nDespite bitcoin\'s rally, Osborne was skeptical.\n"As larger corporations take an interest it does give it more legitimacy, but it still seems like a speculative, retail trade at this point," he said.\nThe euro reversed its gains against the strengthening dollar and was last down 0.10%. Rising oil prices briefly lifted the Canadian dollar and Norwegian crown.\nThe dollar also gained on the safe-haven Japanese yen, which fell through its 200-day moving av
**Last 60 Days of Bitcoin's Closing Prices:**
[23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-16
**Financial & Commodity Data:**
- Gold Closing Price: $1797.20
- Crude Oil Closing Price: $60.05
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $904,395,989,994
- Hash Rate: 128926661.9130153
- Transaction Count: 296388.0
- Unique Addresses: 745457.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Between the prolonged coronavirus pandemic and an unusually intense U.S. presidential election, 2020 conspiracy theorists had plenty of fuel to burn.
It will hardly end in 2021, according to those who study misinformation. Experts predict that several of these theories will enjoy unusually long lifespans into the new year. They also believe that growing amplification of conspiracy theories by partisan media outlets, social media algorithms, and politicians will continue.
“We’re moving to a new era of alternative facts,” said Yotam Ophir, assistant professor at the University of Buffalo who studies misinformation. “There is a sense that we can’t trust anyone anymore and that any argument is as good as the next.”
2020 was a milestone year for conspiracy theories for three reasons, according to experts. Extreme partisanship in the U.S. turned several nonpolitical events into political flashpoints. Partisan news sources and politicians as senior as President Trump became more willing to amplify misinformation as long as it aligns with their politics. And algorithm-driven social media destinations deepened their penchant to become echo chambers for like-minded people to confirm their biases, evolving into strategic tools for politicians and conspiracy theorists to rapidly spread misinformation and influence the populace.
All of these elements came together during a year burdened by global uncertainty and social anxiety—environments in which conspiracies thrive, Ophir said. What’s more, the real-world harm that could result from conspiracy theories tends to hit underrepresented communities harder, said Nicol Turner-Lee, the director of the Center for Technology Innovation at the Brookings Institution.
“They suppress some voices in communities where [the consequences] really matter,” she said. “Some of the things that were put out were emboldened by our political climate and racial division.”
Experts say several changes must be made to combat the rapid rise of conspiracy theories. There needs to be a public educational effort to help people discern real news from fake news. Social media companies have to do a better job at fighting misinformation and conspiracy theories. And the general public must genuinely question what they see and read, rather than merely seek to confirm what they hope is true. Until that happens, conspiracy theories will proliferate unabated.
Without further ado, here are three of 2020’s biggest conspiracy theories:
After a new strand ofCOVID led to a pandemicin 2020, conspiracy theories emerged about everything from thevirus’ originto thelatest vaccinesand treatments.
Conspiracy theorists suggested thatthe new 5G wireless broadband standard may have caused or spread the coronavirus, leading arsonists in the U.K. to set 5G towers on fire. Some conspiracists suggested the coronavirus was created in Chinese lab as an attempt to create a bioweapon against enemies. Another conspiracy promulgated in China suggested that U.S. military members visiting Wuhan brought the virus to China. EvenMicrosoftco-founder Bill Gates couldn’t escape conspiracist scrutiny: one theory suggested the billionaire, who has spent much of his post-Microsoft life investing in health initiatives in underserved areas of the globe, was responsible for creating the virus in order to profit off a vaccine.
For a while, many Americans bought into the mistaken idea that the coronavirus was a politically motivated hoax meant to take down President Trump—or that it was a virus akin to influenza and therefore not a big deal (even though “big deal” is relative—the flu kills anywhere from 10,000 to 60,000 people each year). Both of these suggestions were amplified by conservative politicians, including President Trump.
As for treatment and prevention, conspiracy theorists suggested that masks would somehow awaken a dormant coronavirus living inside people’s bodies. (Uh, no.) Others suggested thatdrinking or injecting bleachwould cure the disease. (An extremely dangerous proposition, according to every poison control center in the nation.) The most recent theories argue that the vaccine (which measures about 125 nanometers) contains a microchip to allow the government to monitor Americans, that the drug (which uses mRNA to provoke an immune response) will alter people’s DNA, or that people’s immune systems are far better than any vaccine.
Almost 2 million people worldwide have died from COVID-19 to date.
Over time, experts predict many of theories will slowly fade, but some fear that the latest conspiracy theories about the coronavirus vaccine will lead to strengthening the antivaxxer movement.
“COVID will come and go,” Ophir said. “But what about all the other vaccines? Will there be a spillage to the HPV vaccine? To the flu vaccine?”
QAnon, a disproven conspiracy theory involving an alleged global child sex-trafficking ring,used to be associated with the far-fringy right. In 2020, though, it gained new life—as well as two mouthpieces in a newly elected U.S. Congress who could amplify the message further.
Some QAnon theories describe President Trump as a savior figure elected to end these nefarious activities—all of which have been perpetrated by the left, naturally—and bring alleged members to justice. (Who, might you ask? Oprah Winfrey, Tom Hanks, Hillary and Bill Clinton, and a raft of other high-profile, big-ticket Democratic donors.)
The conspiracy theory should have died when it first emerged in 2016—naturally, the year Trump was elected U.S. president—but 2020 saw politicians and churchgoers alike revive parts of it. Kelly MacFarland, director of programs and research at Georgetown University’s Institute for the Study of Diplomacy, says he expects QAnon to be the most long-lasting and dangerous conspiracy theory, citing a conspiracy theorist who shot at a Washington, D.C., pizzeria in 2016 believing it was tied to the child trafficking sex ring.
“It’s the most dangerous because of its following and reach, its complete disassociation from truth and reality, and we have an actual real-life example [of violence],” MacFarland said.
Though 2020 set a new bar for claims that the U.S. presidential election was rigged, President Trump helped originate the idea before he entered the White House in 2016.
After several polls inaccurately predicted that Hilary Clinton would win the 2016 presidential election, Trump suggested that the election was rigged, tweeting that there was “large scale voter fraud” occurring in battleground states. Trump went on to win the election, of course—though not the popular vote—and such claims went quiet.
But with Trump facing reelection, the theory took onnew fervor in 2020. The president began building momentum early, suggesting thatmail-in voting would lead to widespread fraud. Conservative commentators quickly echoed his remarks. The effort carried all the way through to Election Day, when armed Trump supporters showed up at some polling locations urging that election officials stop counting ballots. After several court cases and recounts, the theory was dismissed—but that hasn’t stopped conspirators from alleging faulty counting machines and deliberate manual miscounts.
In the wake of Trump losing the election to Democratic challenger Joe Biden, Trump and his allies have lost nearly 60 legal battles pertaining to election integrity. Still, Trump has not backed down from his stance that the election was a fraud and stolen from him.
“Because it has gotten so much attention from the highest level of the U.S. government, this is going to emerge as part of the pantheon of conspiracy theories,” said Joshua Tucker, co-director of New York University’s Social Media and Political Participation lab. “Whether Biden actually won the election will [be grouped] with the JFK shooting and whether we landed on the moon … which is crazy.”
• When to expect $600 checksand $300 enhanced unemployment payments
• Everything jobless Americans need to know aboutthe $300 unemployment benefit
• COVID vaccine recipients may still be infectious.When will we know for sure?
• Thebiggest conspiracy theories of 2020(and why they won’t die)
• A brief history ofBitcoin bubbles
This story was originally featured onFortune.com...
- Reddit Posts (Sample): [['u/hotdogfishguy', 'Strudel Finance $TRDL', 48, '2021-02-16 00:17', 'https://www.reddit.com/r/CryptoMoonShots/comments/lkpxku/strudel_finance_trdl/', "I've seen this coin discussed here once or twice in the past few days--I bought after reading a post from 3 days ago and doing some of my own research. I plan to hold until at least $20-30 (which should come soon), and heres why.\n\nThe project has extreme potential. I would honestly call it revolutionary for lack of a less dramatic word. Basically, those who have BTC have nothing to do with it in terms of compounding their capital, outside of hodling of course. Although hodling BTC has been insanely profitable, as we all know, Strudel will allow Bitcoin to become more versatile by integrating its vBTC coin (pegged to Bitcoin) with the ERC20 interface and smart contract interoperability. When you burn BTC, vBTC is minted.\n\nWhat if you want your Bitcoin back? Simply exchange your new vBTC for another coin, then back to BTC.\n\nThe Strudel coin is the governance token for vBTC, and acts as the intermediary that wraps BTC and creates the oft-mentioned trustless bridge. When such a bridge is trusted, several people own the digital signatures that form the essence of wBTC. Technically, it is possible for these people to collaborate and rugpull, as they are the ones that own the signatures to the bitcoin. With Strudel, this bridge is trustless, meaning that the aforementioned digital signatures are not in the hands of others.\n\nNow onto the other aspects of this coin.\n\nIt was created by Keno, who went on to be a core dev at Sushi--he is now back on the Strudel team as an advisor.\n\nHolders and volume have increased at a great rate over the past few days.\n\nAlthough not officially announced, a partnership is Badgership is heavily rumored by the devs themselves and essentially confirmed.\n\nVery low mCap, especially compared to Ren, the closest thing to a competitor.\n\nV2 is coming out this week.\n\nI was promoting ASKO on here in comments back at single digit cents, and now I've compiled this post regarding the next coin that I personally think is set to moon (even further) based on the above points.\n\nTake a look and lmk what you think.", 'https://www.reddit.com/r/CryptoMoonShots/comments/lkpxku/strudel_finance_trdl/', 'lkpxku', [['u/Cecil4029', 17, '2021-02-16 01:16', 'https://www.reddit.com/r/CryptoMoonShots/comments/lkpxku/strudel_finance_trdl/gnlavu2/', 'Really hoping Asko turns around. Been is $trdl since $7. Seems really promising', 'lkpxku'], ['u/Habya1', 21, '2021-02-16 01:29', 'https://www.reddit.com/r/CryptoMoonShots/comments/lkpxku/strudel_finance_trdl/gnlceis/', 'Looking good, solves a problem that Vitalik directly spoke of last august. It’s nearest competition is REN (900M mcap). Strudel is currently at 5M. This is big news for anyone who wants to merge BTC with DEFI', 'lkpxku'], ['u/TrueLux', 14, '2021-02-16 01:29', 'https://www.reddit.com/r/CryptoMoonShots/comments/lkpxku/strudel_finance_trdl/gnlcfgu/', 'Wait till people realize the Strudel.Finance $TRDL ecosystem was developed by a core $SUSHI dev.\n\nVerify it here - https://github.com/Clearwood\n\nThis is going to a minimum $50m market cap which puts $TRDL at $70.', 'lkpxku'], ['u/CitrusBrittleCrisp', 11, '2021-02-16 01:33', 'https://www.reddit.com/r/CryptoMoonShots/comments/lkpxku/strudel_finance_trdl/gnlcvsa/', 'Huge potential, could see it hitting 90-95$ by end of the month. We’re SUPER early. Only 7m market cap..', 'lkpxku']]], ['u/RockmSockmjesus', "There's not enough Nano in existence for every r/Nanocurrency subscriber to have 2,000 Nano.", 356, '2021-02-16 00:22', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/', "This is the beauty of limited supply, and the scarcity that initially drove so many toward Bitcoin. \n\n\nNow that the number of r/Nanocurrency subscribers is rising rapidly, we should keep in mind of the currency's scarcity as more eyes turn to Nano. \n\n\nI know this isn't a high quality post (can't jump into a fountain every day),but I just wanted to share this recent observation.", 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/', 'lkq11x', [['u/JimmyAtreides', 118, '2021-02-16 00:31', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnl5vmr/', 'Yo 2000 Nano is quite a lot of money by now.', 'lkq11x'], ['u/IncurableVicugna', 23, '2021-02-16 00:35', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnl69d0/', 'Nano Fightclub incoming!', 'lkq11x'], ['u/notXurtan', 17, '2021-02-16 01:00', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnl934v/', 'Molly...The maths checks out!', 'lkq11x'], ['u/Crewsifix', 51, '2021-02-16 01:01', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnl97j9/', "Just picked up 120 this morning. Let's see where it goes !", 'lkq11x'], ['u/HelloOfficer24', 27, '2021-02-16 01:07', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnl9wd9/', 'We are going to rich aren’t we?', 'lkq11x'], ['u/MenacingMelons', 33, '2021-02-16 01:13', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlalf3/', "Well good...I don't have 2000 Nano...", 'lkq11x'], ['u/offended-libtard', 48, '2021-02-16 01:29', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlcctk/', "With the fixed supply of 133 million Nano I think it's entirely possible to see the value of Nano to grow to follow a bit below a coin like Ethereum.", 'lkq11x'], ['u/RockmSockmjesus', 33, '2021-02-16 01:39', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnldkjm/', 'Pls no begging', 'lkq11x'], ['u/Leking9', 35, '2021-02-16 01:46', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnleapb/', 'That’s what I’ve been thinking. Super optimistic though', 'lkq11x'], ['u/Kryptoncockandballs', 13, '2021-02-16 02:00', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlfvpu/', '2650 baby lets go', 'lkq11x'], ['u/xblackrainbow', 32, '2021-02-16 02:08', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlgqbn/', "That's pretty shocking knowing that nano was nearing $0.25 cents almost a year ago. That'd be like 500 bucks just to scoop 2k.", 'lkq11x'], ['u/RockmSockmjesus', 37, '2021-02-16 02:09', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlgvqe/', "Psssst don't share how much you have", 'lkq11x'], ['u/codingbrian', 19, '2021-02-16 03:33', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlqgic/', '2000 is quite a bit. \n\nThe number 133 seems to be a Nano meme, so I suggest people target that.', 'lkq11x'], ['u/uniquan', 22, '2021-02-16 03:40', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlr7bt/', 'thank you for your sacrifice', 'lkq11x'], ['u/FlyingCraneKick', 16, '2021-02-16 03:47', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnls1au/', 'getting there, got 400 nano atm', 'lkq11x'], ['u/FlyingCraneKick', 22, '2021-02-16 03:48', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnls4im/', 'yep, we definitely are, nothing could possibly go wrong from here XD', 'lkq11x'], ['u/Workerhard62', 27, '2021-02-16 03:56', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlt19y/', 'Would only need to reach $1k to make a millionaire.', 'lkq11x'], ['u/AlwaysEverywhen', 14, '2021-02-16 04:15', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlv30t/', 'I wish I had 2000 nano xD', 'lkq11x'], ['u/BuyNanoNotBitcoin', 16, '2021-02-16 04:32', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlwxmc/', '10k is approaching fiat replacement levels. Probably more than a few years off.', 'lkq11x'], ['u/BuyNanoNotBitcoin', 18, '2021-02-16 04:33', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnlx1c1/', 'They were enumerating the number of children they have.', 'lkq11x'], ['u/Banano_Shill', 111, '2021-02-16 04:44', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnly8jg/', "Deep down we're already rich because we have each other.", 'lkq11x'], ['u/loopyboy55', 14, '2021-02-16 05:20', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnm1y0g/', 'I’m very sad I did join the community early when I found out when price was lower; it’s hard to find in my region so I went with something else but I honestly believe in this currency over 98 percent others and think it’s top 20 cap material after visa implements crypto and more new eyes are on fees. \n\nI’ll continue lurking for now - but I did tell my friend about it who needs to transfer money from Brazil hopefully it works', 'lkq11x'], ['u/philter451', 12, '2021-02-16 05:29', 'https://www.reddit.com/r/nanocurrency/comments/lkq11x/theres_not_enough_nano_in_existence_for_every/gnm2x8k/', 'Yes people are going to realize before long that vendors and people prefer a coin without fees and fucking waiting forever. Then people are going to fomo in to this coin.', 'lkq11x'], ['u/codingbrian', 22, '2021-02-16 05:39', 'https://www.reddit.com/r/nanocurrency/com...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Bloomberg) -- Elon Musk’s reign as the the world’s richest person was brief. Tesla Inc. shares slid 2.4% on Tuesday, erasing $4.6 billion from its chief executive officer’s fortune and knocking him from the top spot on the Bloomberg Billionaires Index ranking. Jeff Bezos, who’d held the title for more than three years until last month, reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Musk. Musk’s drop ends -- for now -- an almost six-week stint as world’s richest person that saw him front and center in some of the biggest market events so far this year. He fanned the flames of the Reddit-driven GameStop Corp. rally and sent the shares of Etsy Inc., Shopify Inc., CD Projekt SA and Signal Advance Inc. soaring with boosterish tweets. Recently he’s roiled the price of Bitcoin and even Dogecoin, a lesser-known cryptocurrency that Musk spiked with a tweeted meme earlier this month. Bitcoin meanwhile blew past $50,000 days after Tesla revealed plans to hold $1.5 billion of the cryptocurrency on its balance sheet. Still, despite Musk’s seemingly constant social media presence, Tesla shares have slid almost 10% from a Jan. 26 peak. It’s been an eventful stretch for Bezos as well. He resumes the mantle of world’s richest person as he’s about to cede a title of his own. Amazon.com Inc. announced this month that Bezos will down step as CEO of the e-commerce giant in the third quarter to focus on other projects. Bezos owns space exploration company Blue Origin as well as the Washington Post and has accelerated his philanthropic giving in recent years. Amazon shares have climbed 53% in the past 12 months. It may not be long though before Musk leapfrogs Bezos once again. Musk’s SpaceX, a rival to Bezos’s Blue Origin, has been in talks to raise funds that would significantly increase its valuation. SpaceX completed the $850 million funding round last week at a $74 billion valuation, about 60% higher than its prior round, according to CNBC, which cited people familiar with the matter. Story continues (Updates with SpaceX capital raise in last paragraph. An earlier version of this story corrected the day of the week) For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2021 Bloomberg L.P.', '(Bloomberg) -- Elon Musk’s reign as the the world’s richest person was brief.\nTesla Inc. shares slid 2.4% on Tuesday, erasing $4.6 billion from its chief executive officer’s fortune and knocking him from the top spot on the Bloomberg Billionaires Index ranking.\nJeff Bezos, who’d held the title for more than three years until last month, reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Musk.\nMusk’s drop ends -- for now -- an almost six-week stint as world’s richest person that saw him front and center in some of the biggest market events so far this year. He fanned the flames of the Reddit-driven GameStop Corp. rally and sent the shares of Etsy Inc., Shopify Inc., CD Projekt SA and Signal Advance Inc. soaring with boosterish tweets.\nRecently he’s roiled the price of Bitcoin and even Dogecoin, a lesser-known cryptocurrency that Musk spiked with a tweeted meme earlier this month. Bitcoin meanwhile blew past $50,000 days after Tesla revealed plans to hold $1.5 billion of the cryptocurrency on its balance sheet. Still, despite Musk’s seemingly constant social media presence, Tesla shares have slid almost 10% from a Jan. 26 peak.\nIt’s been an eventful stretch for Bezos as well. He resumes the mantle of world’s richest person as he’s about to cede a title of his own. Amazon.com Inc. announced this month that Bezos will down step as CEO of the e-commerce giant in the third quarter to focus on other projects. Bezos owns space exploration company Blue Origin as well as the Washington Post and has accelerated his philanthropic giving in recent years. Amazon shares have climbed 53% in the past 12 months.\nIt may not be long though before Musk leapfrogs Bezos once again.\nMusk’s SpaceX, a rival to Bezos’s Blue Origin, has been in talks to raise funds that would significantly increase its valuation. SpaceX completed the $850 million funding round last week at a $74 billion valuation, about 60% higher than its prior round, according to CNBC, which cited people familiar with the matter.\n(Updates with SpaceX capital raise in last paragraph. An earlier version of this story corrected the day of the week)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2021 Bloomberg L.P.', 'By Saqib Iqbal Ahmed\nNEW YORK (Reuters) - A gauge of global equity markets pulled back on Wednesday from the record high hit in the previous session as investors sold technology-related companies and the prospect of rising inflation tempered optimism around a vaccine-led global economic recovery.\nBenchmark 10-year Treasury yields reached a one-year high to trade near pre-pandemic levels, before reversing course even as data pointed to a strengthening economy. The U.S. dollar gained ground against a basket of major currencies.\nData on Wednesday showed U.S. retail sales rebounded sharply in January after households received additional pandemic relief money from the government, suggesting a pick-up in economic activity after the restraints imposed by a fresh wave of COVID-19 infections late last year.\nOther data showed inflation pressures building up at the factory gate, with producer prices posting their biggest gain since 2009 in January.\nFacing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept coming higher inflation, and also the need to "stay vigilant" for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank\'s Jan. 26-27 policy meeting.\nThe Fed has pledged to pin interest rates near zero until inflation rises to 2% and looks set to exceed that goal.\nThat super-easy stance, coupled with the Biden administration\'s proposed $1.9 trillion spending bill for pandemic relief, has left some investors fretting over a coming surge in inflation.\nInflation pressures may force the Fed to revise its policy in the future, said Michael O\'Rourke, chief market strategist at JonesTrading in Stamford, Connecticut. But, he added, "It\'s a high threshold we have to cross in order to get them to react."\nThe MSCI\'s global stock index fell 0.31% to 682.91. The index touched a record intra-day high of 687.26 on Tuesday, before erasing gains to snap an 11-day winning streak.\n(GRAPHIC: Crawling back - https://fingfx.thomsonreuters.com/gfx/mkt/jbyvrdqejve/Pasted%20image%201613576528060.png)\nOn Wall Street, the Nasdaq fell as concerns about inflation pressured stocks and as investors rotated out of technology shares.\nThe Dow Jones Industrial Average rose 90.27 points, or 0.29%, to close at 31,613.02, the S&P 500 lost 1.26 points, or 0.03%, to end at 3,931.33 and the Nasdaq Composite dropped 82.00 points, or 0.58%, to finish at 13,965.50.\nEuropean shares retreated from near one-year highs as concerns about a possible rise in inflation tempered optimism about a vaccine-led global economic recovery, while Kering tumbled after sales at its Gucci brand fell more than expected.\nThe pan-European STOXX 600 index closed down 0.74%.\nThe U.S. dollar rose, helped by upbeat economic data. The dollar index climbed 0.23% to reach a more than 1-week high.\nBitcoin charged to a record high on Wednesday, a day after the cryptocurrency vaulted the $50,000 hurdle, even as analysts warned about the sustainability of such prices amid elevated volatility.\nOil prices rose, underpinned by a major supply disruption in the southern United States this week where a winter storm pounded Texas.\nBrent crude futures settled at $64.34 a barrel, up 99 cents or 1.56%, while U.S. crude oil futures settled at $61.14 a barrel, up $1.09, or 1.82%.\nSpot gold XAU= was down 1.09% at $1,774.71 an ounce.\n(Reporting by Saqib Iqbal Ahmed; Editing by Nick Zieminski and Aurora Ellis)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) - A gauge of global equity markets pulled back on Wednesday from the record high hit in the previous session as investors sold technology-related companies and the prospect of rising inflation tempered optimism around a vaccine-led global economic recovery. Benchmark 10-year Treasury yields reached a one-year high to trade near pre-pandemic levels, before reversing course even as data pointed to a strengthening economy. The U.S. dollar gained ground against a basket of major currencies. Data on Wednesday showed U.S. retail sales rebounded sharply in January after households received additional pandemic relief money from the government, suggesting a pick-up in economic activity after the restraints imposed by a fresh wave of COVID-19 infections late last year. Other data showed inflation pressures building up at the factory gate, with producer prices posting their biggest gain since 2009 in January. Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept coming higher inflation, and also the need to "stay vigilant" for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank\'s Jan. 26-27 policy meeting. The Fed has pledged to pin interest rates near zero until inflation rises to 2% and looks set to exceed that goal. That super-easy stance, coupled with the Biden administration\'s proposed $1.9 trillion spending bill for pandemic relief, has left some investors fretting over a coming surge in inflation. Inflation pressures may force the Fed to revise its policy in the future, said Michael O\'Rourke, chief market strategist at JonesTrading in Stamford, Connecticut
**Last 60 Days of Bitcoin's Closing Prices:**
[23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-17
**Financial & Commodity Data:**
- Gold Closing Price: $1771.10
- Crude Oil Closing Price: $61.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $904,395,989,994
- Hash Rate: 147040325.15699264
- Transaction Count: 317666.0
- Unique Addresses: 829226.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Subrat Patnaik, Anna Irrera and David Randall (Reuters) - Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk's electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher. The announcements, buried deep in Tesla's 2020 annual report, drove a roughly 20% surge in the world's most widely held cryptocurrency to over $47,000. At current prices, 0.8 bitcoins would be enough to buy an entry-level Tesla Model 3. Investors anticipated other companies will soon join a list of firms that invest in or hold bitcoin including BlackRock Inc, the world's largest asset manager, and payments companies Square and PayPal. Musk has upended Wall Street over the last year and briefly became the world's richest person as shares of Tesla surged nearly 500% to become the fifth most-valuable U.S. company, leaving other companies and investors eager to follow in his wake. "If any lesser mortals had made the decision to put part of their balance sheet in Bitcoin, I don't think it would have been taken seriously," said Thomas Hayes, managing member at Great Hill Capital LLC in New York. "But when the richest man in the world does it, everyone has to take a second look." The news sparked heavy trading in cryptocurrencies and caused exchanges like Coinbase, Gemini, Binance to experience technical issues, according to Coindesk https://www.coindesk.com/top-crypto-exchanges-technical-difficulties-tesla-bitcoin-trading-frenzy. It also generated discussion on Reddit. While discussions of cryptocurrencies are banned on the WallStreetBets community that fueled the GameStop Corp trading frenzy, users in other subreddits posted "to the moon," expecting more companies to follow suit after Tesla. A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the past month's frenzy in retail investment, also driving up prices of the meme-based digital currency dogecoin and shares of U.S. video game chain GameStop. Experts said they would not be surprised by a closer look from regulators given Musk's bumpy past with watchdogs. The Securities and Exchange Commission sparred with Musk and Tesla several times over his use of Twitter to discuss the company, ultimately resulting in his exit as company chairman and a pair of $20 million fines for Musk and Tesla. "We're talking about a billionaire with one of the most valuable companies in the history of the world who has seemingly gotten away with poking the SEC before," said Tyler Gellasch, head of the Washington-based Healthy Markets Association and former SEC official. Still, Gellasch said that "examination doesn't mean this is likely to be an enforcement case." Story continues Tesla said in a filing the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold. The report said it ended 2020 with $19.38 billion in cash and cash equivalents. "We expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt," the company said. Tesla said it had invested an aggregate $1.5 billion in bitcoin under the changed policy and could "acquire and hold digital assets from time to time or long-term". (https://bit.ly/3q53p1m) Shares of the company rose 1.3% Monday. Gold jumped more than 1% Monday while ethereum, another cryptocurrency, surged to a record high. LONG-TERM STORE OF VALUE? Central banks remain skeptical of digital currencies, but analysts say the more real world uses appear for bitcoin, the more attractive it will prove as a long-term store of value. Bitcoin has rallied as far as $47,565 after Tesla's disclosure. The cryptocurrency is up 1135% since March 2020, thanks in part to interest from institutional investors. "The argument for bitcoin is evolving. It used to be negative (reasons to buy), but suddenly there are positive reasons, and that's why you see bitcoin at (new highs)," Mohamed El-Erian, chief economic advisor of Allianz, told CNBC. Tesla is the latest company to add bitcoin to its corporate treasury, following similar moves by Square, the payments company led by Twitter Inc chief Jack Dorsey and U.S. software firm MicroStrategy Inc. Apple Inc may be the next big company to enter the cryptocurrency market, both by allowing bitcoin to be exchanged on its Apple Wallet service and investing some of its own reserves in units of the cryptocurrency, said Mitch Steves, an analyst at RBC Capital Markets. "If this becomes a trend in corporate treasuries the downside of staying on the sidelines will only become costlier over time," said Maya Zehavi, a blockchain consultant. (GRAPHIC-Bitcoin hits record high on Tesla investment: https://graphics.reuters.com/CRYPTO-CURRENCY/TESLA%20CRYPTO-CENRRENCY/bdwpkngldvm/Bitcoin.png) Tesla's move to put some of its corporate reserves in bitcoin may be a signal that it expects the cryptocurrency will emerge as another store of long-term value alongside the dollar and gold, said Graham Tanaka, president and chief investment officer of Tanaka Capital Management in New York. "Companies are very careful when it comes down to their reserves," he said. "This doesn't appear to be a flash in the pan. It appears to be something that may be a fundamental change." (Reporting by Subrat Patnaik and Devik Jain in Bengaluru, Thyagaraju Adinarayan and Anna Irrera in London, Chris Prentice, Pete Schroeder, Krystal Hu and April Joyner in New York; Writing by Patrick Graham and David Randall; Editing by Megan Davies, Saumyadeb Chakrabarty, Nick Zieminski and Lisa Shumaker) View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin is again at new all-time highs. The crypto king has surged past $50,000 for the first time, on the latest leg of a rally which is showing no signs of exhaustion. Bitcoin believers are reaping the rewards and H.C. Wainwright analyst Amit Dayal thinks the surge merits a rethink for his CleanSpark ( CLSK ) model. The analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy. (To watch Dayal’s track record, click here ) The reason for the new bullish target is easy to explain. The microgrid software specialist has been growing its Bitcoin mining capacity and with the rising Bitcoin price, CleanSpark will be raking in additional revenue. However, the problem with trying to estimate projected revenues for any company involved in Bitcoin related endeavors is extremely difficult due to the constantly moving goalposts, especially when looking several years ahead. For instance, Dayal revised his FY2030 revenue and EBITDA estimates from the prior $273 million and $129.9 million, respectively, to $355 million and $221.8 million. However, this estimate is based the assumption Bitcoin’s price hovers around the 46,000 mark by then. Dayal notes how prudent the forecast appears considering Bitcoin’s moves, even before the latest surge. “With bitcoin prices trading in a range between $28,000 and $49,000 over the last month,” Dayal noted, “We believe our assumptions are overly conservative.” The Bitcoin contribution to CleanSpark’s balance sheet is set to increase. The March quarter will see a full quarter of Bitcoin input, with production bringing in between 1.5 to 2 bitcoins per day as the hash rate has increased from 200 PH/s in December to over 315 PH/s in February. By early 2H21, the company expects to have an extra 800 to 880 PH/s of processing capacity which should grow the total Bitcoin mining capacity to between 1.0 and 1.3 EH/s. “Given the current mining difficulty rates,” the 5-star analyst noted, “The company expects to result in the production of 6.0-9.0 bitcoins per day. We are modelling for 1.0 EH/s mining capacity and around 6.0 bitcoins mined per day by the December 2021 quarter.” Story continues Some companies fly under Wall Street’s radar and CleanSpark appears to be one such name right now. Presently, Dayal’s is the sole analyst review on record. ( See CLSK stock analysis on TipRanks ) To find good ideas for bitcoin stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy , a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.', 'Bitcoin is again at new all-time highs. The crypto king has surged past $50,000 for the first time, on the latest leg of a rally which is showing no signs of exhaustion.\nBitcoin believers are reaping the rewards and H.C. Wainwright analystAmit Dayalthinks the surge merits a rethink for his CleanSpark (CLSK) model.\nThe analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy. (To watch Dayal’s track record,click here)\nThe reason for the new bullish target is easy to explain. The microgrid software specialist has been growing its Bitcoin mining capacity and with the rising Bitcoin price, CleanSpark will be raking in additional revenue.\nHowever, the problem with trying to estimate projected revenues for any company involved in Bitcoin related endeavors is extremely difficult due to the constantly moving goalposts, especially when looking several years ahead.\nFor instance, Dayal revised his FY2030 revenue and EBITDA estimates from the prior $273 million and $129.9 million, respectively, to $355 million and $221.8 million.\nHowever, this estimate is based the assumption Bitcoin’s price hovers around the 46,000 mark by then. Dayal notes how prudent the forecast appears considering Bitcoin’s moves, even before the latest surge.\n“With bitcoin prices trading in a range between $28,000 and $49,000 over the last month,” Dayal noted, “We believe our assumptions are overly conservative.”\nThe Bitcoin contribution to CleanSpark’s balance sheet is set to increase. The March quarter will see a full quarter of Bitcoin input, with production bringing in between 1.5 to 2 bitcoins per day as the hash rate has increased from 200 PH/s in December to over 315 PH/s in February.\nBy early 2H21, the company expects to have an extra 800 to 880 PH/s of processing capacity which should grow the total Bitcoin mining capacity to between 1.0 and 1.3 EH/s.\n“Given the current mining difficulty rates,” the 5-star analyst noted, “The company expects to result in the production of 6.0-9.0 bitcoins per day. We are modelling for 1.0 EH/s mining capacity and around 6.0 bitcoins mined per day by the December 2021 quarter.”\nSome companies fly under Wall Street’s radar and CleanSpark appears to be one such name right now. Presently, Dayal’s is the sole analyst review on record. (See CLSK stock analysis on TipRanks)\nTo find good ideas for bitcoin stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.', 'Bitcoin is again at new all-time highs. The crypto king has surged past $50,000 for the first time, on the latest leg of a rally which is showing no signs of exhaustion.\nBitcoin believers are reaping the rewards and H.C. Wainwright analystAmit Dayalthinks the surge merits a rethink for his CleanSpark (CLSK) model.\nThe analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy. (To watch Dayal’s track record,click here)\nThe reason for the new bullish target is easy to explain. The microgrid software specialist has been growing its Bitcoin mining capacity and with the rising Bitcoin price, CleanSpark will be raking in additional revenue.\nHowever, the problem with trying to estimate projected revenues for any company involved in Bitcoin related endeavors is extremely difficult due to the constantly moving goalposts, especially when looking several years ahead.\nFor instance, Dayal revised his FY2030 revenue and EBITDA estimates from the prior $273 million and $129.9 million, respectively, to $355 million and $221.8 million.\nHowever, this estimate is based the assumption Bitcoin’s price hovers around the 46,000 mark by then. Dayal notes how prudent the forecast appears considering Bitcoin’s moves, even before the latest surge.\n“With bitcoin prices trading in a range between $28,000 and $49,000 over the last month,” Dayal noted, “We believe our assumptions are overly conservative.”\nThe Bitcoin contribution to CleanSpark’s balance sheet is set to increase. The March quarter will see a full quarter of Bitcoin input, with production bringing in between 1.5 to 2 bitcoins per day as the hash rate has increased from 200 PH/s in December to over 315 PH/s in February.\nBy early 2H21, the company expects to have an extra 800 to 880 PH/s of processing capacity which should grow the total Bitcoin mining capacity to between 1.0 and 1.3 EH/s.\n“Given the current mining difficulty rates,” the 5-star analyst noted, “The company expects to result in the production of 6.0-9.0 bitcoins per day. We are modelling for 1.0 EH/s mining capacity and around 6.0 bitcoins mined per day by the December 2021 quarter.”\nSome companies fly under Wall Street’s radar and CleanSpark appears to be one such name right now. Presently, Dayal’s is the sole analyst review on record. (See CLSK stock analysis on TipRanks)\nTo find good ideas for bitcoin stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.', '* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 18 (Reuters) - The dollar held ground on Thursdayafter its first back-to-back gains in two weeks as upbeat databolstered expectations for the U.S. to recover from the pandemicfaster than most of its peers. Bitcoin traded just shy of the new record high of$52,640 reached overnight, with its roughly 58% surge this monthprompting some analysts to warn that the rally might beunsustainable. Stimulus cheques helped U.S. retail sales to rebound sharplyin January, while industrial output and producer prices dataalso provided robust upside surprises. Investors expect a further boost from Joe Biden\'s proposed$1.9 trillion COVID-relief package, with the president meetingtop labour leaders on Wednesday to drum up support for the plan. Meanwhile, minutes from the Federal Reserve\'s policy meetinglast month reinforced the central bank\'s willingness to let theeconomy run hot while keeping monetary settingsultra-accommodative. "Biden\'s stimulus plans, a steep decline in new infectionsand rapid vaccine rollout leave the U.S. well positioned torecover sooner than most," Westpac strategists wrote in a clientnote. "That will generate periodic bouts of USD upside." However, like many analysts, Westpac\'s team expects thedollar to decline this year, weighed by the Fed\'s relentlessmoney printing. The dollar index was little changed at 90.89 earlyThursday in Asia after strengthening 0.2% overnight and 0.4% onTuesday. The gauge has gained about 1% th
**Last 60 Days of Bitcoin's Closing Prices:**
[23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-18
**Financial & Commodity Data:**
- Gold Closing Price: $1773.40
- Crude Oil Closing Price: $60.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $961,390,669,284
- Hash Rate: 145974815.55440575
- Transaction Count: 316952.0
- Unique Addresses: 820203.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Ethereumfell by 4.79% on Sunday. Following a flat day on Saturday, Ethereum ended the week down by 5.75% to $1,313.94.
A mixed start to the day saw Ethereum rise to an early morning intraday high $1,382.00 before hitting reverse.
Falling short of the first major resistance level at $1,417, Ethereum slid to a late afternoon intraday low $1,283.00.
Ethereum fell through the first major support level at $1,335 and the second major support level at $1,290.
Finding late support, however, Ethereum broke back through the second major support level to end the day at $1,300 levels.
At the time of writing, Ethereum was down by 1.75% to $1,291.00. A bearish start to the day saw Ethereum fall from an early morning high $1,314.10 to a low $1,275.30.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to move through the pivot level at $1,326 to support a run at the first major resistance level at $1,370.
Support from the broader market would be needed, however, for Ethereum to break out from $1,350 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $1,382.00 would likely cap any upside.
In the event of another extended crypto rally, Ethereum could test resistance at $1,400 before any pullback. The second major resistance level sits at $1,425.
Failure to move through the $1,326 pivot would bring the first major support level at $1,271 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,200 levels. The second major support level at $1,227 should limit the downside.
First Major Support Level: $1,271
Pivot Level: $1,326
First Major Resistance Level: $1,370
23.6% FIB Retracement Level: $1,148
38.2% FIB Retracement Level: $944
62% FIB Retracement Level: $614
Litecoinfell by 2.96% on Sunday. Following on from a 0.94% decline on Saturday, Litecoin ended the week down by 8.21% to $129.58.
A mixed start to the day saw Litecoin rise to an early morning intraday high $135.21 before hitting reverse.
Falling short of the first major resistance level at $137.26, Litecoin slid to a late afternoon intraday low $125.70.
Litecoin fell through the first major support level at $129.03 before finding support.
Steering clear of the 38.2% FIB of $25, Litecoin broke back through the first major support level to end the day at $129.5 levels.
At the time of writing, Litecoin was down by 1.25% to $127.96. A bearish start to the day saw Litecoin fall from an early morning high $129.69 to a low $127.86.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to move through the $130.16 pivot level to support a run at the first major resistance level at $134.63.
Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $135.21 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $140 before any pullback. The second major resistance level sits at $139.67.
Failure to move through the $130.16 pivot level would bring the first major support level at $125.12 and 38.2% FIB of $125 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$120 levels. The second major support level at $120.65 should limit the downside.
First Major Support Level: $125.12
Pivot Level: $130.16
First Major Resistance Level: $134.63
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRPrallied by 11.56% on Sunday. Following on from Saturday’s 56.84% surge, Ripple’s XRP ended the week up by 81.2% to $0.49561.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.38701 before making a move.
While steering clear of the first major support level at $0.3094, Ripple’s XRP fell through the 38.2% FIB of $0.4070.
Finding mid-morning support, Ripple’s XRP rallied to a late morning intraday high $0.5369 before a 2ndpullback.
While breaking back through the 38.2% FIB, Ripple’s XRP fell short of the first major resistance level at $0.5485.
The 2ndsell-off saw Ripple’s XRP fall back to $0.42 levels before wrapping up the day at $0.49 levels.
Resistance at $0.50 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was down by 3.46% to $0.47847. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.49576 to a low $0.47020.
Ripple’s XRP left the major support and resistance levels untested early on.
Ripple’s XRP will avoid a fall back through the $0.4732 pivot level to bring 62% FIB of $0.5522 and the first major resistance level at $0.5593 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.5369.
Barring an extended crypto rally, the 62% FIB and the first major resistance level would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.60 before any pullback. The second major resistance level sits at $0.6231.
Failure to avoid a fall back through the $0.4732 pivot would bring the first major support level at $0.4094 and the 38.2% FIB of $0.4070 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.40 levels. The second major support level sits at $0.3233.
First Major Support Level: $0.4094
Pivot Level: $0.4732
First Major Resistance Level: $0.5593
23.6% FIB Retracement Level: $0.6274
38.2% FIB Retracement Level: $0.5285
62% FIB Retracement Level: $0.3687
Please let us know what you think in the comments below.
Thanks, Bob
Thisarticlewas originally posted on FX Empire
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- Reddit Posts (Sample): [['u/bradp1234', 'Potential bear case for NANO', 10, '2021-02-18 00:02', 'https://www.reddit.com/r/nanocurrency/comments/lm7a64/potential_bear_case_for_nano/', 'I’m somewhat new to the crypto scene, and have occasionally dabbled in BTC and ETH here and there for the past couple years, and recently started looking at altcoins in this bull run. NANO’s fee less and instant transfer aspects really convinced me to buy, but now i’m a little worried about my bags.\n\nAfter thinking about it, why would merchants choose NANO as a form of digital currency when it’s so volatile? Part of the benefit of using fiat is that it’s backed by a nations economy, so it’s stable. Merchants require this stability to ensure their money doesn’t just disappear due to market fluctuations. \n\nIf NANO’s ONLY use case is a fee less decentralized currency, why would the mainstream public use it? Not that many people care about decentralized use, and there are countless centralized digital platforms appearing every day and dominating (Venmo, Cashapp, Zelle, Paypal). They do basically the same thing as NANO with maybe a 0.5% fee for the consumer for instant money transfers and a 3% fee for the business for purchases. I can’t see how mathematically that’s more expensive than dealing with NANO’s volatility which can go up or down 15% in a day.\n\nAsking the community for their responses on this as I’ve never really seen this question be answered. Also, it’s important to note decentralized stable transactions could also be done through stable coins, right? Why wouldnt merchants just want to use that to avoid the volatility problem?', 'https://www.reddit.com/r/nanocurrency/comments/lm7a64/potential_bear_case_for_nano/', 'lm7a64', [['u/HelloOfficer24', 26, '2021-02-18 00:20', 'https://www.reddit.com/r/nanocurrency/comments/lm7a64/potential_bear_case_for_nano/gntn0is/', 'Nano is BTC but it has no boundaries of movement\n\nImagine a finite gold that can teleport at no cost.\n\nNano will likely not be used to “buy a coffee” in the beginning, but as store of value and as an intermediary of value between crypto users.\n\nPeople make BTC transfers All. The. Time. 300,000+ a day. \n\nAnd bitcoin is not used to buy coffee. So you have to ask yourself at the most basic fundamental level. Do people value .... moving value? People obviously value moving value across the BTC network enough that they are willing to pay tens of millions everyday in cumulative fees.\n\nSo without even touching on the currency aspect Nano beats bitcoin. \n\nBecause it will allow users to move their value freely without enormous penalty. \n\nNow once the price reaches liquidity, nano’s price will likely be relatively stable and/or deflationary. So gradually a system of commerce can be built on top of it. The beauty about nano is that once the system of commerce emerges, it has a high likelyhood of preserving Nano’s value because Nano is more likely to be held if it is started to be used in a transactional sense.\n\nMeanwhile with bitcoin, if you want to make day to day purchases with it, you will have to exit the BTC network entirely. (Sell your BTC or pay premium if you want to use it like cash) With Nano because it has transactional utility, when the moment comes and it’s stable enough where people do want to buy things with it , it can function as a currency. \n\nSo these things take time to develop, but first we will slowly eat at BTC’s marketcap and their ability to store and transfer value at a very basic non day to day commerce related way. \n\nFor example crypto users will likely purchase nano if they are moving value across multiple exchanges in the future. For example when I first bought nano, I bought LTC from coinbase (low fee crypto) and sent it to Binance (because coinbase doesn’t sell nano), then I sold LTC for USD, and then bought Nano.\n\nSo once Nano is readily accessible, people who aren’t even interested in holding Nano long term , will begin using it like I did LTC to purchase things because it’s the cheapest option, and thus begins its use as an intermediary of exchange.\n\nAnd once that happens. Game over.\n\nHope this helps', 'lm7a64'], ['u/bradp1234', 10, '2021-02-18 00:31', 'https://www.reddit.com/r/nanocurrency/comments/lm7a64/potential_bear_case_for_nano/gntobud/', 'thank you this makes so much sense. so basically the hope for NANO is that rather than become a fee less currency, it follows the digital gold path like BTC, until it reaches bitcoin levels of adoption. \n\nat that point once liquidity is reached and volatility drops, commerce can be built on top of it because the mainstream public would trust it, as well as because it has the tech advantages over btc. \n\nthank you for the clear answer as on other subreddits when i saw others asking NANO shills about the volatility issue, they just got hate and reported for FUD. I’m glad there are NANO holders out there who aren’t tribalistic and can intelligently respond to criticism.', 'lm7a64']]], ['u/PurdueG_Online', 'What are your motivations for holding onto lite coin? Is it because you can easily use it for commerce?', 11, '2021-02-18 00:05', 'https://www.reddit.com/r/litecoin/comments/lm7c8h/what_are_your_motivations_for_holding_onto_lite/', "I'm just curious what other people think about this coin. Litecoin is currently the 6th most traded cryptocurrency and its speedy transactions make it ideal for commerce. The Overstock app allows me to buy things with this coin. The fact that it doesn't inflate like crazy or deflate significantly in a span of 3 months makes me think that people are more willing to part with it compared to bitcoin.", 'https://www.reddit.com/r/litecoin/comments/lm7c8h/what_are_your_motivations_for_holding_onto_lite/', 'lm7c8h', [['u/sapfoxy', 11, '2021-02-18 00:17', 'https://www.reddit.com/r/litecoin/comments/lm7c8h/what_are_your_motivations_for_holding_onto_lite/gntmlvf/', 'My main bullish thesis on it is in PayPal adding it next month to their list of buyable/usable currency.', 'lm7c8h']]], ['u/rogerXthatXx', 'I thought we were at the point that Bitcoin was mostly understood but I think I was wrong.', 94, '2021-02-18 00:07', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/', 'I was just having a conversation with my wife(26) and she said "Isn\'t Elon Musk the CEO of Bitcoin now? I seen he bought it for $1.5 Billion." This blew my mind. I\'ve been assuming everyone had a basic understanding of it by now, but that made me think about how many people are at that same point of just seeing the word and never even looked deeper to understand it.', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/', 'lm7e4a', [['u/[deleted]', 48, '2021-02-18 00:17', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gntmjyd/', 'umm you could have at least explained it to your wife', 'lm7e4a'], ['u/mredda', 12, '2021-02-18 00:19', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gntmvzf/', 'If I had a wife or a girlfriend or a girl I could talk to, she would already know the shit out of bitcoin.', 'lm7e4a'], ['u/VoteDawkins2020', 96, '2021-02-18 00:22', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gntn8v5/', "He dumped her immediately.\n\nI'm explaining it to her tonight.", 'lm7e4a'], ['u/billiondollarbong', 39, '2021-02-18 00:24', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gntngw7/', 'my wife loves it when i tell her technical details of blockchain transactions and inner workings of classful python..... it helps her sleep', 'lm7e4a'], ['u/jojothehodler', 15, '2021-02-18 00:48', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gntqgp9/', 'Angry upvote', 'lm7e4a'], ['u/rogerXthatXx', 30, '2021-02-18 00:52', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gntqx9y/', "All she cares about is if she's rich yet", 'lm7e4a'], ['u/walloon5', 15, '2021-02-18 01:17', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gnttyhl/', 'I am learning that no one deeply understands anything but their own expertise. Everything else, they just know superficially', 'lm7e4a'], ['u/clombgood', 10, '2021-02-18 01:38', 'https://www.reddit.com/r/Bitcoin/comments/lm7e4a/i_thought_we_were_at_the_point_that_bitcoin_was/gntwdzc/', 'My girlfriend banned the topic in our apartment 🙁', 'lm7e4a']]], ['u/Rifleman77', 'Question concerning $HBAR , What needs to happen technically with HBAR that would facilitate a mooning type event?', 22, '2021-02-18 00:23', 'https://www.reddit.com/r/hashgraph/comments/lm7ql6/question_concerning_hbar_what_needs_to_happen/', 'It just feels like the space it getting too crowded. Like Obviously BTC has claimed the currency title with adaption happening everywhere and ETH seems to have claimed top spot when it comes to being the space to build all the new dapps and finance etc. \nSo where does $HBAR fir in? What needs to happen where they can "blow up". Whats the goal? Even though I think HBAR is better than #BTC , and faster, and better for the environment etc, I dont see it or anything "bringing down" BTC. \nSo, HBAR has a bunch of big companies involved.. that\'s good... but.. now what? What\'s the plan? Even if they start building dapps inside of HBAR, would anyone care about that? Would it effect anyone? I don\'t get it. Any thoughts on this would be appreciated. Thanks.', 'https://www.reddit.com/r/hashgraph/comments/lm7ql6/question_concerning_hbar_what_needs_to_happen/', 'lm7ql6', [['u/Just_Enough_Coffee', 35, '2021-02-18 01:00', 'https://www.reddit.com/r/hashgraph/comments/lm7ql6/question_concerning_hbar_what_needs_to_happen/gntrv4c/', 'This is painful to read...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['What Happened:Bitwise Asset Managementannouncedyesterday the launch of the world’s first DeFi (decentralized finance) crypto index fund.\nBitwise is the creator of the largest crypto index fund – the Bitwise 10 Crypto Index Fund (OTCQX:BITW) with over $800 million in AUM.\nLike the Bitwise 10 Crypto Index Fund, Bitwise’s DeFi Index fund will track the value of the tokens included in the index, offering investors indirect exposure to the DeFi market.\nWhy It Matters:While the current crypto rally has far exceeded 2017 levels, sending Bitcoin (BTC) and Ethereum (ETH) to new all-time highs, the biggest gainers weren’t the market-leading cryptocurrencies.\nhttps://twitter.com/Bloqbot/status/1357259386310295553\nThe largest gains belonged to certain DeFi tokens with strong fundamentals, with some returning over 300% since the beginning of the year.\nDecentralized finance ("DeFi") refers to the emerging category of digital, peer-to-peer financial services technologies that enable trading, loans, interest accounts, and more.\nEssentially, DeFi services aim to cut out traditional Wall Street intermediaries using public blockchains and crypto assets as opposed to legacy systems.\n"DeFi is the story of 2021," said Matt Hougan, chief investment officer for Bitwise Asset Management.\n"Today there are decentralized trading venues handling over $30 billion in volume per month; automated lending programs making individual loans as large as $200 million; and the total estimated value of funds currently locked into DeFi-related contracts recently crossed $40 billion.", he says.\nThe new fund holds a portfolio of DeFi tokens that power these services, including Uniswap (UNI), Aave (AAVE), SNX, and MKR, which make up over 70% of the index.\nWhat Else:Anchorage Digital Bank, which became the first federally chartered digital asset bank in the U.S this January, will serve as the Fund’s custodian.\nThe fund is available to accredited investors as a private placement and will reportedly seek approvals to be publicly traded like BITW and GBTC (OTCMKTS: GBTC).\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Bitcoin\'s On-Chain Metrics Give Traders Mixed Signals\n• Bill Gates Has \'Neutral\' Feelings For Bitcoin But Recognizes Value Of Technology\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'What Happened: Bitwise Asset Management announced yesterday the launch of the world\x92s first DeFi (decentralized finance) crypto index fund. Bitwise is the creator of the largest crypto index fund \x96 the Bitwise 10 Crypto Index Fund (OTCQX: BITW ) with over $800 million in AUM. Like the Bitwise 10 Crypto Index Fund, Bitwise\x92s DeFi Index fund will track the value of the tokens included in the index, offering investors indirect exposure to the DeFi market. Why It Matters: While the current crypto rally has far exceeded 2017 levels, sending Bitcoin (BTC) and Ethereum (ETH) to new all-time highs, the biggest gainers weren\x92t the market-leading cryptocurrencies. https://twitter.com/Bloqbot/status/1357259386310295553 The largest gains belonged to certain DeFi tokens with strong fundamentals, with some returning over 300% since the beginning of the year. Decentralized finance ("DeFi") refers to the emerging category of digital, peer-to-peer financial services technologies that enable trading, loans, interest accounts, and more. Essentially, DeFi services aim to cut out traditional Wall Street intermediaries using public blockchains and crypto assets as opposed to legacy systems. Traditional Finance - Opaque, Siloed, Regional, Rent Seeking, Hierarchical Decentralized Finance - Transparent, Open, Global, Neutral, Grassroots Pick your future. \x97 Ryan Watkins (@RyanWatkins_) February 18, 2021 "DeFi is the story of 2021," said Matt Hougan, chief investment officer for Bitwise Asset Management. "Today there are decentralized trading venues handling over $30 billion in volume per month; automated lending programs making individual loans as large as $200 million; and the total estimated value of funds currently locked into DeFi-related contracts recently crossed $40 billion.", he says. Story continues The new fund holds a portfolio of DeFi tokens that power these services, including Uniswap (UNI), Aave (AAVE), SNX, and MKR, which make up over 70% of the index. What Else: Anchorage Digital Bank, which became the first federally chartered digital asset bank in the U.S this January, will serve as the Fund\x92s custodian. The fund is available to accredited investors as a private placement and will reportedly seek approvals to be publicly traded like BITW and GBTC (OTCMKTS: GBTC). See more from Benzinga Click here for options trades from Benzinga Bitcoin\'s On-Chain Metrics Give Traders Mixed Signals Bill Gates Has \'Neutral\' Feelings For Bitcoin But Recognizes Value Of Technology © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk on Thursday gave an indication on why the electric vehicle maker invested in Bitcoin (BTC) and not Dogecoin (DOGE) \x97 a meme cryptocurrency often at the center of his tweets. What Happened: The entrepreneur was responding to a tweet that contained comments by Changpeng Zhao, CEO of Binance, where the latter said while he was \x93surprised that Elon\'s so gung-ho on Dogecoin,\x94 it was worth noting Tesla\'s actual investment came in Bitcoin. See also: How to Buy Bitcoin (BTC) Musk said Tesla\'s investments are not "directly reflective of my opinion." The Tesla CEO added that Bitcoin, which he describes as "simply a less dumb form of liquidity than cash," is "adventurous enough for an S&P500 company," let alone Dogecoin. To be clear, I am *not* an investor, I am an engineer. I don\x92t even own any publicly traded stock besides Tesla. However, when fiat currency has negative real interest, only a fool wouldn\x92t look elsewhere. Bitcoin is almost as bs as fiat money. The key word is \x93almost\x94. \x97 Elon Musk (@elonmusk) February 19, 2021 Reflecting on his personal stance, Musk noted he is an "engineer" and not an "investor." \x93I don\x92t even own any publicly traded stock besides Tesla,\x94 the billionaire entrepreneur wrote. The apex cryptocurrency also came under some criticism from the executive who said \x93Bitcoin is almost as bs as fiat money. The keyword is \'almost.\'\x94 Why It Matters: Last month Tesla invested .5 billion in Bitcoin and said it expected to accept the cryptocurrency for payments in the near future. Musk said in an appearance on the Clubhouse app that he was a \x93 supporter of Bitcoin .\x94 Comments on Twitter by Musk have at times fueled spikes in the price of the Shiba Inu-themed DOGE. BTC hit an all-time high of $51,335.23 on Wednesday buoyed by Tesla\x92s purchase of the cryptocurrency and heightened institutional interest from other investors like MicroStrategy Incorporated (NASDAQ: MSTR ). Story continues BTC traded 1.39% lower at $51,332.92 at press time, while DOGE traded 11.05% higher at $0.058. Price Action: Tesla shares closed 1.35% lower at $787.38 on Thursday and fell 0.54% in the after-hours session. See Also: Elon Musk Asks \'Major Dogecoin Holders\' To Sell Most Of Their Coins Photo courtesy: Forbes via Wikimedia See more from Benzinga Click here for options trades from Benzinga Why DODO Cryptocurrency Has Skyrocketed 90% Today Robinhood To Let Users Deposit, Withdraw Dogecoin And Other Cryptos: What That Means For Investors © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Tesla Inc(NASDAQ:TSLA) CEO Elon Musk on Thursday gave an indication on why the electric vehicle maker invested inBitcoin(BTC) and notDogecoin(DOGE) — a meme cryptocurrency often at the center of his tweets.\nWhat Happened:The entrepreneur was responding to atweetthat contained comments by Changpeng Zhao, CEO of Binance, where the latter said while he was “surprised that Elon\'s so gung-ho on Dogecoin,” it was worth noting Tesla\'s actual investment came in Bitcoin.\nSee also: How to Buy Bitcoin (BTC)\nMusk said Tesla\'s investments are not "directly reflective of my opinion." The Tesla CEO added that Bitcoin, which he describes as "simply a less dumb form of liquidity than cash," is "adventurous enough for an S&P500 company," let alone Dogecoin.\nReflecting on his personal stance, Musk noted he is an "engineer" and not an "investor."\n“I don’t even own any publicly traded stock besides Tesla,” the billionaire entrepreneur wrote.\nThe apex cryptocurrency also came under some criticism from the executive who said “Bitcoin is almost as bs as fiat money. The keyword is \'almost.\'”\nWhy It Matters:Last month Tesla invested.5 billion in Bitcoinand said it expected to accept the cryptocurrency for payments in the near future.\nMusk said in an appearance on the Clubhouse app that he was a “supporter of Bitcoin.”\nComments on Twitter by Musk have at timesfueled spikes in the priceof the Shiba Inu-themed DOGE.\nBTC hit an all-time high of $51,335.23 on Wednesday buoyed by Tesla’s purchase of the cryptocurrency andheightened institutional interestfrom other investors likeMicroStrategy Incorporated(NASDAQ:MSTR).\nBTC traded 1.39% lower at $51,332.92 at press time, while DOGE traded 11.05% higher at $0.058.\nPrice Action:Tesla shares closed 1.35% lower at $787.38 on Thursday and fell 0.54% in the after-hours session.\nSee Also:Elon Musk Asks \'Major Dogecoin Holders\' To Sell Most Of Their Coins\nPhoto courtesy: Forbes via Wikimedia\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Why DODO Cryptocurrency Has Skyrocketed 90% Today\n• Robinhood To Let Users Deposit, Withdraw Dogecoin And Other Cryptos: What That Means For Investors\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Tesla Inc(NASDAQ:TSLA) CEO Elon Musk on Thursday gave an indication on why the electric ve
**Last 60 Days of Bitcoin's Closing Prices:**
[22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-19
**Financial & Commodity Data:**
- Gold Closing Price: $1775.80
- Crude Oil Closing Price: $59.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $961,390,669,284
- Hash Rate: 163181402.20420986
- Transaction Count: 341586.0
- Unique Addresses: 884319.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Businesses across the world are increasingly realizing the importance of integrating blockchain technology into their functions. According to the latest available numbers, nine out of ten North American and European banks are exploring blockchain technology. For provider companies in the blockchain domain, this data represents a vast opportunity unfurling in front of them. Gartner estimates that the total business value-add of blockchain would reach a size of 3.1 trillion by 2030.
To be able to substantively explore a large chunk of this market, blockchain providers need to up their game, especially in the area of serving the clients meaningfully. Considering clients as fundamental to a business’ strategy is what it takes to differentiate a successful venture from the rest. Empirical evidence suggests that poor service provided to the clients is directly proportional to losing business. Available evidence suggests the amount of money that businesses lose due to inadequate-quality customer service is more than US$60 billion.
Somecryptobusinesses are showing more maturity in serving clients than others. Here, we will discuss three such crypto-projects for whom client-centricity is the core principle of business.
LCMS Coin
The core philosophy of LCMS coin lies in their intention to directly benefit the community. The platform allows LCM Science and LCMS coin user tos congregate and communicate in order to build a community. On one hand, theLCMS coinreward system incentivizes users to communicate with the platform to share their product improvement ideas. On the other hand, the platform interacts with direct sales channels, such as shopping malls, to share information and reviews on products and encourages a transparent product promotion mechanism by incentivizing users through LCMS coins.
The LCMS blockchain considers clients as the fundamental drivers of their business where customer opinions regarding the usability of a product are paramount. Platform participants can create and manage the data they produced of the product they’ve created. In exchange, the platform provides an equal amount of value matching its customer’s information.
Kava
The client-centricity of Kava is apparent from the range of their offerings. It acts more as aDeFihub than a standalone blockchain platform. Using Kava, clients can access its native USD-pegged stablecoin USDX along with synthetics and derivatives. But, the usability of the platform from the perspective of a client is not constrained to a single stablecoin. Owing to its Cosmos zones technology, Kava users are capable of depositing a vast range of crypto assets includingBitcoin (BTC), XRP,Binance Coin (BNB), and Binance USD (BUSD).
Kava users can earn a yield by minting USDX stablecoins. At the same time, Kava users can run their staking node to earn rewards from the protocol. The owners of Kava can also stake their tokens on a variety of other platforms, such as Staky and Huobi pool. Overall, Kava has been able to position itself as a one-stop-shop for all sorts of services a client may ask for. This versatility as a provider stems from recognizing the need of the customer as the most crucial motivation of a business.
Crypterium
Crypterium sees convenience as key when it comes to enabling its customers access to the benefits of Crypto. It is developing a mobile application that allows its clients to integrate crypto assets into their daily life. Users of this app can make their daily payments through crypto-assets. Such transactions may include recharging their phones, opening their savings account, along with other core functions of trading.
Recognized as one of the ‘Emerging 50' in a joint 'FinTech 100' report by KPMG and H2Ventures, this app is available for both the users of android and ios. The usability of the app has already led it to garner 400,000 registered clients.
Conclusion
“Bitcoin is a good thing,”Elon Muskpredicts mainstream adoption. And it’s evident that the culture of keeping clients at thecenterof a business, especially for a business as technology-intensive as blockchain, is gaining momentum. Becoming something of convenience to its customer is the biggest capital any business can accumulate. The more theblockchainbecomes mainstream, the more the businesses will stress its usability. Technological novelty can provide you with the initial thrust, but it is the appreciation of clients that serves as the fuel for success in the long run.
See more from Benzinga
• Click here for options trades from Benzinga
• Crypto Startup Crypterium Offers To Buy A Stake Of The Company Through Seedrs
• New Research Finds HGTP Technology Might Be The Next Step For DeFi
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/modestppsize', 'How long do you think it will take until NANO has global recognition?', 47, '2021-02-19 00:09', 'https://www.reddit.com/r/nanocurrency/comments/ln04md/how_long_do_you_think_it_will_take_until_nano_has/', "Yo dudes, how long do you think it would take for NANO to be featured in mainstream news? I'm not big into billboards as they might construe us with the Dogecoin people. I love the transaction time and low fee NANO has. I am also curious to see what the gang thinks in terms of NANO having the same gains as Bitcoin.", 'https://www.reddit.com/r/nanocurrency/comments/ln04md/how_long_do_you_think_it_will_take_until_nano_has/', 'ln04md', [['u/UnilateralDagger', 18, '2021-02-19 00:24', 'https://www.reddit.com/r/nanocurrency/comments/ln04md/how_long_do_you_think_it_will_take_until_nano_has/gny1up3/', 'Once we get into the top 20, we will be recognized globally.', 'ln04md']]], ['u/spacedude7', 'New ATH $0.1! Congrats everyone!', 237, '2021-02-19 00:25', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/', 'Next stop $1, but I´m holding til $100. This is bitcoin 3.0', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/', 'ln0hkk', [['u/Valovica', 32, '2021-02-19 00:31', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny2mub/', "You sell at $100 and you're going to be really sad when it hits $50k", 'ln0hkk'], ['u/AvogadrosNemesis', 13, '2021-02-19 00:37', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny3ctd/', "Yeah, bags are heavy and ready. Y'all have faith in it, and so do I", 'ln0hkk'], ['u/Huh435mjc', 46, '2021-02-19 00:40', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny3ra0/', 'Who ever sells, your moms a hoe', 'ln0hkk'], ['u/EatingAnItalianSando', 10, '2021-02-19 00:40', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny3ret/', "I'm watching the orders of magnitude v btc shift over the next 3 years. This is the longest Reddit game.", 'ln0hkk'], ['u/Sayajiaji', 16, '2021-02-19 00:47', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny4jbz/', "Got in at about 0.085 and held when it dropped down to around 7 cents. I'm not selling yet.", 'ln0hkk'], ['u/PM_UR_FRUIT_GARNISH', 15, '2021-02-19 00:47', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny4l4v/', 'I like this coin. So happy everyone sees the potential for this coin.', 'ln0hkk'], ['u/xero7ven', 17, '2021-02-19 01:01', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny6bq6/', "Only mined about 50 coins...so I'm still hodling", 'ln0hkk'], ['u/MorganaTalos', 19, '2021-02-19 01:26', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gny99ob/', "If this hits bitcoin prices eventually I will be set for a few lifetimes lol. I'm in it for the long run but today has been so exciting.", 'ln0hkk'], ['u/Initial-Currency8974', 10, '2021-02-19 02:55', 'https://www.reddit.com/r/Ravencoin/comments/ln0hkk/new_ath_01_congrats_everyone/gnyjmta/', '1RVN will never be equivalent to 1BTC, because there are 21 billion ravens while there are 21 million bitcoins. At its best, 1,000RVN will be equivalent to 1BTC - which would be $51 per RVN.', 'ln0hkk']]], ['u/srolls03', 'My take on XLM price and Market Cap', 206, '2021-02-19 00:32', 'https://www.reddit.com/r/xlm/comments/ln0mkh/my_take_on_xlm_price_and_market_cap/', 'Apologize for formatting on cell. \n\nI see a lot of posts of XLM can’t hit $xx.xx price because that would mean $xBillion in market cap and that’s impossible. This is just my take on that argument. \n\nAs of the May 2020 there was an estimated $90T in the stock market. Just Google total money supply for reference. At the time the crypto market cap was around 0.25T and we are currently around $1.6T. Stellar currently owns just under 1% of the total market cap. \n\nSo I put a couple scenarios together with the assumptions that money supply will stay flat, money will run off the stock market and into the crypto market. I didn’t factor money running off checking/savings/money markets/CDs ect. Just strictly money exchanging between the stock market to the crypto market. Which is fairly conservative. There are many other sources money can come from. Each scenario is a combination of the overall crypto market absorbing a portion of the money in the stock market and Stellar growing in market share and in supply. \n\nScenario 1: If 10% of the money runs off the stock market and into the crypto market. And if Stellar maintains 1% of market share. \n\nCrypto Future Market Cap: $8.9T,\nStellar Future Market Cap: $89B,\nSupply: 23B, Price: $3.89\n\n\nScenario 2: If 15% of money runs off the stock market and into the crypto market. And if Stellar has 1.5% of market share\n\nCrypto Future Market Cap: $13.4T,\nStellar Future Market Cap: $201B,\nSupply: 23B Price: $8.75,\nSupply: 25B Price: $8.05,\nSupply: 40B Price: $5.03,\nSupply: 50B Price: $4.03\n\nScenario 3: If 15% of money runs off the stock market and into the crypto market. And if Stellar has 3% of market share. \n\nCrypto Future Market Cap: $13.4T,\nStellar Future Market Cap: $402B,\nSupply: 23B Price: $17.51,\nSupply: 25B Price: $16.11,\nSupply: 40B Price: $10.07,\nSupply: 50B Price: $8.05\n\nScenario 4: If 20% of money runs off the stock market and into the crypto market. And if Stellar has 5% of market share. \n\nCrypto Future Market Cap: $17.9T,\nStellar Future Market Cap: $900B,\nSupply: 23B Price: $38.90,\nSupply: 25B Price: $35.79,\nSupply: 40B Price: $22.37,\nSupply: 50B Price: $17.90\n\nStellar is a real project, with amazing technology, with true use cases and being run by some of the smartest minds. \nThat being said, I don’t think any of these scenarios are being unrealistic or unreasonable. Again, there are so many different scenarios we can run. Such as Gold/Silver, Savings/Money Market, Fortune 500 Corporate money (Think Tesla $1.5B purchase of BTC) being sold and transferred to crypto. And I think 3-5% market share is possible for Stellar making these scenarios possible. \n\nThe argument that XLM can’t be $xx.xx price because that’s a larger market cap than Bitcoin is making the assumption that new money/investors won’t flow into this space. Crypto is in its infancy and will only grow. And Stellar will win its fair share of the market.', 'https://www.reddit.com/r/xlm/comments/ln0mkh/my_take_on_xlm_price_and_market_cap/', 'ln0mkh', [['u/TheMightyDong89', 52, '2021-02-19 00:44', 'https://www.reddit.com/r/xlm/comments/ln0mkh/my_take_on_xlm_price_and_market_cap/gny46hx/', 'A "stellar" write up if I do say so myself', 'ln0mkh'], ['u/alexsant7', 25, '2021-02-19 00:51', 'https://www.reddit.com/r/xlm/comments/ln0mkh/my_take_on_xlm_price_and_market_cap/gny50ko/', 'Wow 👏, wonderful, meticulous, well-explained and analyzed posting. \nYes , XLM Stellar is the future. It’s going to revolutionize the crypto world, both as a very effective and useful Blockchain and Digital Currency. It truly is a hidden gem 💎. Most people don’t realize this. It’s not well known. Once it is, imagine... \nit’s growing every day in all the continents, especially Europe, Africa, Latin America. It’s growing it’s important relationships with major institution like IBM, Circle , Samasung, etc. And this is only the beginning. And as you mention, it’s run by some of the most experienced and brilliant minds. That, and 30 more reasons: https://qpavtysdztkbgcfygz.medium.com/30-reasons-to-invest-in-stellar-lumens-5c68680bc5c3 \n\nXLM Stellar can eventually 100x +, potentially. \n\nIt’s the future 🚀 🚀 🚀 💰 💰 💰 \n\nNow’s the time to BUY at this incredibly low price , and very important , HODL. This is a long term investment. But we are comparable to early Bitcoin investors, who bought it under $1 dollar, people laughed, but they never sold , and today are multimillionaires. Think about it... \n\nXLM Stellar team , stay strong and share the news 👊', 'ln0mkh'], ['u/ilove711hotdogs', 11, '2021-02-19 00:54', 'https://www.reddit.com/r/xlm/comments/ln0mkh/my_take_on_xlm_price_and_market_cap/gny5dsy/', 'They will use that for getting Stellar adopted. It isn’t a shame.', 'ln0mkh'], ['u/Skrappyross', 13, '2021-02-19 04:58', 'https://www.reddit.com/r/xlm/comments/ln0mkh/my_take_on_xlm_price_and_market_cap/gnyxdiz/', "Even in your 'conservative' scenario you say crypto gets 10% of the stock market. I don't see this as likely within more than a decade. Where are the 3% or 5% calculations? I think it's WAY more likely Stellar grows to 5% of the total crypto market than the crypto market taking 10% of the stock market. Also, why compare to the stock market at all? Stocks represent shares in companies, crypto is currency. Crypto has nothing in common with stocks besides volatility, which exists in basically every market. Use the forex market, the total market cap of which is 1.93 quadrillion. [Seriously.](https://brokernotes.co/forex-trading-industry-statistics/) 5 trillion dollars a day flow through that market.\n\nObviously all of us want crypto in general and stellar in specific to do well and increase in value. And it's just doubled in price very recently. But let's also remember that there is more than the total lumen supply still sitting in escrow. And if we actually want it to be useful as a currency, volatility and dramatic price growth and crash is a bad thing.", 'ln0mkh']]], ['u/brokemac', 'A correction in 2021 or 2022 is unlikely to be anything like the 2018 correction.', 15, '2021-02-19 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/ln0q8v/a_correction_in_2021_or_2022_is_unlikely_to_be/', 'I know it is unpopular to say anything about potential downside other than warning about its magnitude. But for most of us who were around in 2017, we imagine a massive crash where almost everything loses 90 t...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["SkyBridge Capital Founder toldCNBCthat the firm’s Bitcoin Fund had done quite well since its launch in December, and he is even more bullish about its performance going forward.\nWhat Happened:Anthony Scaramucci, the founder of SkyBridge Capital, said he believes the Bitcoin (BTC) price is going to reach $100,000 by the end of the year.\nIn January, SkyBridge Capital announced the launch of the SkyBridge Bitcoin Fund LP to provide mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin.\nSee also: How to Buy Bitcoin (BTC)\nTo launch the fund, SkyBridge and its affiliates invested over $25.3 million, with Fidelity serving as its custodian and Ernst & Young committing to audit the fund.\n“We believe Bitcoin is in its early innings as an exciting new asset class,” stated Scaramucci in the initialpress release.\nOn Wednesday, he toldYahoo Financethat the SkyBridge Bitcoin fund is “heading towards $100 million” in assets under management.\nWhile Scaramucci started as a Bitcoin skeptic, he went on to embrace the digital currency as an asset class which he now believes has a big future.\n“I’ve looked at the landscape, and I recognize that there is a spot now for Bitcoin, and I’m trying to encourage my colleagues, I’m trying to encourage investors that have been with SkyBridge for many, many years to think about it that way,” he said.\nWhat Else:Aside from SkyBridge’s Bitcoin Fund, the company has reportedly invested over half a billion dollars in Bitcoin across its other investments.\nAccording to the SkyBridge CEO, the largest cryptocurrency by market cap has lifted its 'fund-of-funds' performance since the value amidst the coronavirus pandemic.\nBitcoin was trading at a new all-time high of $52,891 at press time, up 1.78% in the past 24-hours.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Why Golem (GLM) Cryptocurrency Surged 102% Today\n• Bitcoin Surges To ,000, Pushes Market Cap To Trillion\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "SkyBridge Capital Founder toldCNBCthat the firm’s Bitcoin Fund had done quite well since its launch in December, and he is even more bullish about its performance going forward.\nWhat Happened:Anthony Scaramucci, the founder of SkyBridge Capital, said he believes the Bitcoin (BTC) price is going to reach $100,000 by the end of the year.\nIn January, SkyBridge Capital announced the launch of the SkyBridge Bitcoin Fund LP to provide mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin.\nSee also: How to Buy Bitcoin (BTC)\nTo launch the fund, SkyBridge and its affiliates invested over $25.3 million, with Fidelity serving as its custodian and Ernst & Young committing to audit the fund.\n“We believe Bitcoin is in its early innings as an exciting new asset class,” stated Scaramucci in the initialpress release.\nOn Wednesday, he toldYahoo Financethat the SkyBridge Bitcoin fund is “heading towards $100 million” in assets under management.\nWhile Scaramucci started as a Bitcoin skeptic, he went on to embrace the digital currency as an asset class which he now believes has a big future.\n“I’ve looked at the landscape, and I recognize that there is a spot now for Bitcoin, and I’m trying to encourage my colleagues, I’m trying to encourage investors that have been with SkyBridge for many, many years to think about it that way,” he said.\nWhat Else:Aside from SkyBridge’s Bitcoin Fund, the company has reportedly invested over half a billion dollars in Bitcoin across its other investments.\nAccording to the SkyBridge CEO, the largest cryptocurrency by market cap has lifted its 'fund-of-funds' performance since the value amidst the coronavirus pandemic.\nBitcoin was trading at a new all-time high of $52,891 at press time, up 1.78% in the past 24-hours.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Why Golem (GLM) Cryptocurrency Surged 102% Today\n• Bitcoin Surges To ,000, Pushes Market Cap To Trillion\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'Bitcoin, BTC to USD, rallied by 8.34% on Friday. Reversing a 1.04% fall from Thursday, Bitcoin ended the day at $55,866.0.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $50,755.0 before making a move.\nFinding support at the first major support level at $50,773, Bitcoin rallied to a late intraday high and a new swing hi $56,342.0.\nBitcoin broke through the first major resistance level at $52,449 and the second major resistance level at $53,332.\nIn spite of a late pullback, Bitcoin steered clear of the resistance levels to wrap up the day at $55,000 levels.\nThe near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $23,995 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nBitcoin Cash SVslid by 3.51% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nBinance Coinsurged by 70.55% to lead the way, withCrypto.com Coinrallying by 14.83%.\nChainlink(+7.03%),Litecoin(+4.41%), Polkadot (+3.36%), andRipple’s XRP(+6.00%) also made relatively solid gains.\nCardano’s ADA(+1.33%), andEthereum(+0.93%) trailed the front runners, however.\nIn the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Friday high $1,753.75bn. At the time of writing, the total market cap stood at $1,667.96bn.\nBitcoin’s dominance rose to a Wednesday high 63.41% before falling to a Friday low 59.92%. At the time of writing, Bitcoin’s dominance stood at 62.12%.\nAt the time of writing, Bitcoin was down by 0.98% to $55,317.0. A mixed start to the day saw Bitcoin rise to an early morning high $56,257.0 before falling to a low $55,200.0\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nPolkadot bucked the trend early on, rising by 1.01%.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Binance Coin was down by 6.54% to lead the way down.\nFor the Bitcoin Day Ahead\nBitcoin would need to avoid a fall through the pivot level at $54,321 to bring the first major resistance level at $57,887 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Friday’s swing hi $56,342.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $58,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,908.\nFailure to avoid a fall through the $54,321 pivot would bring the first major support level at $52,300 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$50,000 levels. The second major support level sits at $48,734.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Forecast – Natural Gas Markets Back Early Gains to Plunge\n• USD/JPY Weekly Price Forecast – US Dollar Continues to Grind Higher\n• Price of Gold Fundamental Daily Forecast – Light Trade Capped by Rising Yields, Underpinned by Bottom-Pickers\n• GBP/USD Weekly Price Forecast – British Pound Continues to Fly High\n• Gold Price Prediction – Prices Consolidate Closing down the Week by 2.3%\n• USD/CAD Daily Forecast – Test Of Support At 1.2590', 'Bitcoin , BTC to USD, rallied by 8.34% on Friday. Reversing a 1.04% fall from Thursday, Bitcoin ended the day at $55,866.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $50,755.0 before making a move. Finding support at the first major support level at $50,773, Bitcoin rallied to a late intraday high and a new swing hi $56,342.0. Bitcoin broke through the first major resistance level at $52,449 and the second major resistance level at $53,332. In spite of a late pullback, Bitcoin steered clear of the resistance levels to wrap up the day at $55,000 levels. The near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $23,995 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Bitcoin Cash SV slid by 3.51% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Binance Coin surged by 70.55% to lead the way, with Crypto.com Coin rallying by 14.83%. Chainlink (+7.03%), Litecoin (+4.41%), Polkadot (+3.36%), and Ripple’s XRP (+6.00%) also made relatively solid gains. Cardano’s ADA (+1.33%), and Ethereum (+0.93%) trailed the front runners, however. In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Friday high $1,753.75bn. At the time of writing, the total market cap stood at $1,667.96bn. Bitcoin’s dominance rose to a Wednesday high 63.41% before falling to a Friday low 59.92%. At the time of writing, Bitcoin’s dominance stood at 62.12%. This Morning At the time of writing, Bitcoin was down by 0.98% to $55,317.0. A mixed start to the day saw Bitcoin rise to an early morning high $56,257.0 before falling to a low $55,200.0 Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Polkadot bucked the trend early on, rising by 1.01%. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 6.54% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $54,321 to bring the first major resistance level at $57,887 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s swing hi $56,342.0. Barring an extended cryp
**Last 60 Days of Bitcoin's Closing Prices:**
[23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-02-20
**Financial & Commodity Data:**
- Gold Closing Price: $1775.80
- Crude Oil Closing Price: $59.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $961,390,669,284
- Hash Rate: 157667240.0893604
- Transaction Count: 320475.0
- Unique Addresses: 830094.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SINGAPORE (Reuters) - Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising U.S. bond yields lifted the dollar broadly and hurt other safe assets that pay no income.
Bitcoin fell as far as $33,447, its lowest since Jan. 6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51.
The falls are much larger than the 1% drop that sent gold prices to a one-month low, but reflect a wider dollar bounce against major fiat currencies as the prospect of higher U.S. interest rates tempers popular bets against the dollar. [FRX/]
"It's just another way of expressing a dollar view," said Chris Weston, head of research at brokerage Pepperstone in Melbourne.
"I know it's a macro play as well, but I do think that gold and bitcoin have been used in a fairly similar capacity," he said.
Losses pared a little by lunchtime in Asia to put bitcoin at $35,192 - about 16% below a record peak of $42,000 which the world's most popular cryptocurrency hit last week.
If sustained, the drop would be the third straight session of losses since that high, which represented an almost 1,000% gain from a one-year low of $3,850 that bitcoin hit last March.
Interest in bitcoin has been soaring as institutional investors began buying heavily, viewing it as both an inflation hedge and as exposed to gains if it became more widely adopted as a digital currency.
J.P.Morgan strategists wrote on Jan. 5 that bitcoin has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-haven asset.
(Reporting by Tom Westbrook; Editing by Himani Sarkar and Lincoln Feast.)...
- Reddit Posts (Sample): [['u/IkUrMadAfTho', 'I don’t know what to do about Bitcoin', 21, '2021-02-20 00:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/', 'I want to chuck my money into it, but it doesn’t make any sense with how much it’s going up.\n\nThe last time it went to 20k it crashed because everyone was taking profits on it. \nI know this time is different because there’s more institutions involved with it (apparently) so maybe it should stay at a good price.\n\nBut we keep hitting ATH after ATH, how long before everyone’s getting out for the profit? \n\nI know holding Bitcoin is more than “profit” yet those people are delusional because everyone cares about profits idgaf who you are\n\nBut Bitcoin could go to 100k+ easily (clearly).\n\nBut how much more money would it take to get that high? A lot. \n\nAre regular ass people really pushing these prices this high? \nIt’s nearly impossible for the average person to even own 1 Bitcoin without risking their life savings.\n\nAre we going to run out of people to keep pushing the price up? \n\nOr are the only people putting money into Bitcoin. Going to be corporations ? \n\nI just don’t get what’s happening right now. \n\nIt has to crash at some point... well... for it to be a natural rise it has to retract and go up slower than this.\n\nBut it’s Bitcoin and nobody can tell us anything with this unpredictable market', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/', 'lnsx7y', [['u/jaydizzz', 15, '2021-02-20 00:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go25zbn/', 'Just DCA, take an amount you can miss every month, don’t worry about price, stay mentally healthy. No one knows where and how fast this thing will go. Don’t expect to get rich over night. Don’t get hung up on ‘owning 1’. Patience will be rewarded.', 'lnsx7y'], ['u/ChadRun04', 14, '2021-02-20 00:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go276rj/', 'Bullish trend = price likely higher later than it is now.\n\n> It has to crash at some point... well... for it to be a natural rise it has to retract and go up slower than this.\n\n`Demand > Supply`', 'lnsx7y'], ['u/Rrdro', 63, '2021-02-20 00:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go28kth/', 'I am reaching the point where I don\'t see cashing out as taking profit. Taking profit in what? I will "cash out" when I need to upgrade my house or something but "cashing out" when I don\'t need the cash right now seems backwards to me.', 'lnsx7y'], ['u/jugsofjupiter', 12, '2021-02-20 00:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go2bbqo/', 'all of that doesn’t matter because we’re in full price discovery mode', 'lnsx7y'], ['u/PTRS', 10, '2021-02-20 01:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go2dqe8/', "It's probably not for you. Best not to invest.", 'lnsx7y'], ['u/doublecremeoreo', 19, '2021-02-20 01:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go2hncb/', "You either buy it, or you don't. You either get in, or get left out.\n\nPeople have been asking the same question you're asking since $100.\n\nHow much higher does it need to go for you to finally make a decision?", 'lnsx7y'], ['u/bundabrg', 19, '2021-02-20 04:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go30mmv/', 'Yeah cashing out to what is the question. I don\'t want cash sitting in the bank. Stocks are absurd right now but maybe some are still fairly priced. Property is silly now as well.\n\nThis has a feeling to me of "Big Short" levels and we know the banks cheated on that.\n\nIf we assume a crash in everything the only option really is maybe cash out some perhaps to fiat or even a liquid stable coin and wait for the crash and pick up cheap stocks for example.\n\nI feel a lot more comfortable in Bitcoin even with a 50% crash on my risk probability.', 'lnsx7y'], ['u/stickmanDave', 15, '2021-02-20 06:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go39u5r/', '> Satoshi\n\nA Satoshi is 0.00000001 Bitcoin. That was defined back in 2011. A Satoshi will be worth a penny when/if bitcoin hits $1,000,000.', 'lnsx7y'], ['u/Rrdro', 15, '2021-02-20 11:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/lnsx7y/i_dont_know_what_to_do_about_bitcoin/go3watx/', '>I feel a lot more comfortable in Bitcoin even with a 50% crash on my risk probability.\n\nThis is why the price has gone up. Lots of us are feeling this way.', 'lnsx7y']]], ['u/soylent_dream', 'These are all the Bitcoin mining company stocks that I know of that are $5 and under', 130, '2021-02-20 00:06', 'https://www.reddit.com/r/pennystocks/comments/lnsz71/these_are_all_the_bitcoin_mining_company_stocks/', "These are all the $5 and under Bitcoin miners I'm following:\n\nCBTC CCTL INVU MGTI REGRF BFCH BKLLF INTV BBKCF LGLOF BCII HSSHF DMGGF KROEF ARBKF \n\nIf you know of any others, please leave a comment. Thanks!", 'https://www.reddit.com/r/pennystocks/comments/lnsz71/these_are_all_the_bitcoin_mining_company_stocks/', 'lnsz71', [['u/NPRjunkieDC', 18, '2021-02-20 00:39', 'https://www.reddit.com/r/pennystocks/comments/lnsz71/these_are_all_the_bitcoin_mining_company_stocks/go29j1x/', 'HUTMF missing and one of main producers right now .\n\nKriptonite PLC (UK) KROEF . Bought this morning. Was \nup 10% but ended 3.5%.\n\nINTV has been insane. Bought at 0.14 + 0.11 + 0.10 + 0.43 and up 450-650 % . Recouped my investment this week. \n\nCCTL bought this week .\n\nDMGGF sold 1/26 cuz bought at 0.53 + 1.29 and a week later had dropped. Impatient I guess .', 'lnsz71'], ['u/og_Rich', 11, '2021-02-20 00:41', 'https://www.reddit.com/r/pennystocks/comments/lnsz71/these_are_all_the_bitcoin_mining_company_stocks/go29p23/', 'I like dmggf', 'lnsz71'], ['u/thelostestcause', 11, '2021-02-20 01:39', 'https://www.reddit.com/r/pennystocks/comments/lnsz71/these_are_all_the_bitcoin_mining_company_stocks/go2gfws/', 'INTV has plans for uplisting and thinks they could make $6 million this year.\n\n> Steve Rubakh, CEO of Integrated Ventures, adds: \n "This purchase allows us to double number of miners and our annual revenues, from estimated (based on BTC at $48,000 and ETH at $1,800.00) $3,000,000 to $6,000,000.', 'lnsz71'], ['u/Altruistic_Bullfrog9', 26, '2021-02-20 02:26', 'https://www.reddit.com/r/pennystocks/comments/lnsz71/these_are_all_the_bitcoin_mining_company_stocks/go2luje/', 'Argo is a good one', 'lnsz71']]], ['u/ntidwell98', 'CleanSpark, The Future of Energy Management $CLSK ---- Bitcoin, Solar, EV, Green Energy', 116, '2021-02-20 00:15', 'https://www.reddit.com/r/EducatedInvesting/comments/lnt5nl/cleanspark_the_future_of_energy_management_clsk/', '**What is** [CleanSpark](https://www.cleanspark.com/)**?**\n\n* CLSK provides advanced energy software and control technology that allows energy users to obtain **resiliency** and **economic optimization**. The software is uniquely capable of enabling a microgrid to be scaled to the user\'s specific needs and can be widely implemented across residential, commercial, industrial, military, agricultural and municipal deployments.\n\nhttps://preview.redd.it/9e3d6jk40li61.jpg?width=1280&format=pjpg&auto=webp&s=c16acc57724440e9e23e4f9748b5a77b105858a3\n\n**What is a Microgrid?**\n\n* A localized group of electricity sources and storage batteries that normally operate connected to the traditional grid. A microgrid can also disconnect to “island” away from the traditional grid as economic or physical conditions dictate.\n* **CleanSpark’s software models and directs the microgrid’s operations.**\n* THE ONLY THING CERTAIN ABOUT THE UTILITY GRID IS THAT IT WILL FAIL. The events that took place in Texas recently are a prime example.\n* CleanSpark’s proprietary solution helps large power users and residents **sustainably** lower costs by actively managing their generation, storage and load.\n* [Microgrid - Combining Solar and Storage](https://www.cleanspark.com/knowledge-base/combining-solar-and-storage/)\n\n[**mVSO**](https://www.cleanspark.com/energy-proposal-software)\n\n[mVSO interface](https://preview.redd.it/xenyubk61ii61.png?width=741&format=png&auto=webp&s=1cb13f3c167a0ffb3551c0aaef764b5a5ce70489)\n\n* mVSO delivers **flexible system optimization** using advanced programming and big data principles to provide the ideal mix of distributed energy benefits customers care about:\n * *Cost Savings / Revenue Generation*\n * *Energy Security / Resiliency*\n * *Sustainability / GHG Reduction*\n* Outputs are your **customized** guide to **maximizing your energy projects ROI.**\n* **State-of-the art data analytics** account for real costs, precise utility rate models, equipment performance, actual energy consumption and outlines what type of energy resources are to be built, what it will cost, and how it will perform once deployed.\n* Regardless of your location or your utility rate, mVSO will deliver the optimal configuration of **Solar** **PV**, and **Energy** **Storage** to meet your objectives.\n* The results are game changing for:\n * *Commercial and Industrial Campuses*\n * *Retail Shopping Center*\n * *Multi-Family Developments*\n * *Neighborhoods*\n * *Communities*\n\n​\n\n[**mPulse**](https://www.cleanspark.com/distributed-energy-controller) **CleanSpark\'s Distributed Energy Resource Management Software Solution**\n\nhttps://preview.redd.it/dghodflwyhi61.jpg?width=1280&format=pjpg&auto=webp&s=356324bbad1d4812fbd4ab935d67834afed7a545\n\n* mPulse is a **technology agnostic energy management** and **supervisory control software platform** tha...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 0.16% on Saturday. Following an 8.34% rally on Friday, Bitcoin ended the day at $55,777.0. A mixed start to the day saw Bitcoin rise to an early morning high and a new swing hi $56,444.0 before hitting reverse. Falling short of the first major resistance level at $57,887, Bitcoin fell to a late morning low $55,050.0. Steering well clear of the first major support levels, Bitcoin struck a mid-day intraday high and a new swing hi $57,485.0 before sliding back into the red. The late sell off saw Bitcoin slide to an intraday low $54,000.0 before wrapping up the day at $55,700 levels. In spite of the reversal, Bitcoin continued to steer well clear of the first major support level at $52,300. The near-term bullish trend remained intact, supported by the Saturday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $24,431 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Cardano’s ADA and Polkadot rallied by 20.42% and by 11.81% respectively to lead the way. Crypto.com Coin (+7.88%) also found strong support to buck the trend on the day. It was a bearish day for the rest of the majors, however. Binance Coin slid by 23.93% to lead the way down, with Bitcoin Cash SV (-10.59%) and Ripple’s XRP (-9.33%) struggling. Chainlink (-2.00%), Ethereum (-2.17%), and Litecoin (-4.02%) also joined Bitcoin in the red. In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Saturday high $1,778.34bn. At the time of writing, the total market cap stood at $1,657.19bn. Bitcoin’s dominance fell to a Friday low 59.92% before rising to a Saturday high 63.52%. At the time of writing, Bitcoin’s dominance stood at 62.53%. This Morning At the time of writing, Bitcoin was down by 0.41% to $55,546.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,898.6 before falling to a low $55,432.5. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin was up by 0.17% to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 5.71% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $56,104 to bring the first major resistance level at $57,158 into play. Support from the broader market would be needed for Bitcoin to break back through to $57,000 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s new swing hi $57,485.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,539. Failure to move through the $56,104 pivot would bring the first major support level at $54,723 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $53,669. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 19/02/21 Oil Price Fundamental Daily Forecast – Lighter Refinery Demand Expectations Weighing on Prices The Crypto Daily – Movers and Shakers – February 21st, 2021 Natural Gas Price Prediction – Prices Rise 5% for the Week U.S Mortgage Rates Rise for the 1st Time in 3-Weeks Natural Gas Weekly Price Forecast – Natural Gas Markets Give Up Gains', 'Bitcoin, BTC to USD, fell by 0.16% on Saturday. Following an 8.34% rally on Friday, Bitcoin ended the day at $55,777.0.\nA mixed start to the day saw Bitcoin rise to an early morning high and a new swing hi $56,444.0 before hitting reverse.\nFalling short of the first major resistance level at $57,887, Bitcoin fell to a late morning low $55,050.0.\nSteering well clear of the first major support levels, Bitcoin struck a mid-day intraday high and a new swing hi $57,485.0 before sliding back into the red.\nThe late sell off saw Bitcoin slide to an intraday low $54,000.0 before wrapping up the day at $55,700 levels.\nIn spite of the reversal, Bitcoin continued to steer well clear of the first major support level at $52,300.\nThe near-term bullish trend remained intact, supported by the Saturday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $24,431 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nCardano’s ADAand Polkadot rallied by 20.42% and by 11.81% respectively to lead the way.\nCrypto.com Coin(+7.88%) also found strong support to buck the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nBinance Coinslid by 23.93% to lead the way down, withBitcoin Cash SV(-10.59%) andRipple’s XRP(-9.33%) struggling.\nChainlink(-2.00%),Ethereum(-2.17%), andLitecoin(-4.02%) also joined Bitcoin in the red.\nIn the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Saturday high $1,778.34bn. At the time of writing, the total market cap stood at $1,657.19bn.\nBitcoin’s dominance fell to a Friday low 59.92% before rising to a Saturday high 63.52%. At the time of writing, Bitcoin’s dominance stood at 62.53%.\nAt the time of writing, Bitcoin was down by 0.41% to $55,546.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,898.6 before falling to a low $55,432.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin was up by 0.17% to buck the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was down by 5.71% to lead the way down.\nBitcoin would need to move through the pivot level at $56,104 to bring the first major resistance level at $57,158 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $57,000 levels.\nBarring an extended crypto rally, the first major resistance level and Saturday’s new swing hi $57,485.0 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,539.\nFailure to move through the $56,104 pivot would bring the first major support level at $54,723 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $53,669.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 19/02/21\n• Oil Price Fundamental Daily Forecast – Lighter Refinery Demand Expectations Weighing on Prices\n• The Crypto Daily – Movers and Shakers – February 21st, 2021\n• Natural Gas Price Prediction – Prices Rise 5% for the Week\n• U.S Mortgage Rates Rise for the 1st Time in 3-Weeks\n• Natural Gas Weekly Price Forecast – Natural Gas Markets Give Up Gains', 'Sway House co-founder weighs in on the future of sports, fan-controlled leagues. Technology has been a game-changer on many fronts, giving people control over all aspects of their lives with the tap of a screen or the click of a button. As we move into February, sports fans are about to get their first look at the new frontier of the digital age: fan-controlled sports leagues. With stats, plays, replays, and more at their fingertips, sports fans are more engaged and educated than ever. How many times do fans shout at their television screens, confident that if only they had been allowed to call the play, their team would be celebrating in the end zone? Why not give them the opportunity to build and direct their own teams? That was the inspiration for former NFL/XFL player Ray Austin (New York Jets, Chicago Bears/Chicago Enforcers). Along with entrepreneurs Sohrob Farudi, Grant Cohen, and Patrick Dees, he founded the Fan Controlled Football League to put fans at home in control of everything happening on the field. The teams are venture-backed, with all major decisions turned over to the fans — from the team names and logos to the coaches, general managers, and player lineups. During the games, which are streamed on Twitch from one location in Las Vegas, the fans vote on and call the plays. Fans are incentivized to make good decisions for their team’s future by being awarded FanIQ points, which are akin to experience points in the gaming world. Play votes posted by fans with more experience points carry a heavier weight. The result is a genius combination of fantasy sports and the esports world. It appeals to a Gen Z audience that are half as likely as Millennials to identify as fans of live sports. The concept also unites people in new ways. Rather than bringing together fans based on their region and geographical location, fan-controlled leagues bring together fans everywhere based on similar ideas. The concept also offers exciting new opportunities for investors. Unlike investors in traditional football teams, who are awarded a ceremonial stock certificate, for a minimum investment of $150, FCF fans and investors get to share in rising franchise values as well as profits. Story continues While the NFL and XFL rely heavily on a stadium model — making money from ticket and concession sales — the FCF’s financial model is based on in-app purchases, micro-transactions, and Twitch subscription revenue. With the coronavirus pandemic still raging, the time is perfect for a sports model not built around ticketing revenue. Will the Fan Controlled Football League replace the NFL? No, way. But it’s giving us a tantalizing glimpse into the figure of sports. Just as this league has been democratized and handed over to fans, so can leagues in hockey, soccer — and any other sport. In a world where all things digital and interactive rule, sports is the next frontier. Photo by Pixabay from Pexels. See more from Benzinga Click here for options tra
**Last 60 Days of Bitcoin's Closing Prices:**
[23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-21
**Financial & Commodity Data:**
- Gold Closing Price: $1775.80
- Crude Oil Closing Price: $59.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,051,306,967,219
- Hash Rate: 152267677.07260144
- Transaction Count: 271645.0
- Unique Addresses: 680893.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin, BTC to USD, rallied by 15.8% in the week ending 10thJanuary. Following on from a 25.6% breakout from the previous week, Bitcoin ended the week at $38,200.
It was a bearish start to the week. Bitcoin fell to a Monday intraweek low $28,540.0 before making a move.
Steering clear of the first major support level at $27,594, Bitcoin surged to a Friday intraweek high and a new swing hi $41,969.0.
Bitcoin broke through the first major resistance level at $36,608 and the second major resistance level at $36,608 on the way to a new all-time high.
A bearish end to the week, however, saw Bitcoin fall back to end the week at sub-$39,000 levels. In spite of the pullback, however, Bitcoin avoided a fall back through the second major resistance level at $36,608.
4 days in the green that included an 8.17% rally on Wednesday and a 7.18% gain on Thursday delivered the upside.
Bitcoin would need to move back through $36,236 pivot to support a run the first major resistance level at $43,933.
Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.
Barring an extended crypto rally, resistance at last week’s new swing hi $41,969 would likely cap any upside.
In the event of another breakout, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $49,665.
Failure to move back through the $36,236 pivot would bring 23.6% FIB of $33,008 and the first major support level at $30,504 into play.
Barring another extended sell-off, however, Bitcoin should steer clear of sub-$30,000 support levels. The second major support level sits at $22,807.
At the time of writing, Bitcoin was down by 8.79% to $34,844.0. A bearish start to the week saw Bitcoin slide from an early Monday morning high $38,277.0 to a low $33,642.0.
Bitcoin left the major support and resistance levels untested at the start of the week.
Stellar’s Lumensurged by 108.3% in the week ending 10thJanuary. Following a 5.77% decline from the week prior, Stellar’s Lumen ended the week at $0.2849.
It was a particularly bullish start to the week. Stellar’s Lumen surged from a Monday intraweek low $0.12852 to a Wednesday intraweek high and a swing hi $0.44.
The surge saw Stellar’s Lumen break through the week’s major resistance levels.
More significantly, Stellar’s Lumen also broke out from the 62% FIB of $0.1989 to form a near-term bullish trend.
A bearish second half of the week, however, saw Stellar’s Lumen slide back to end the week at $0.28 levels.
While avoiding the third major resistance level at $0.2016, Stellar’s Lumen fell through the 23.6% FIB of $0.3426.
The 38.2% FIB of $0.2823 limited the downside late in the week.
4-days in the green that included a 20.1% surge on Monday a 17.79% rally on Tuesday, and an 80.5% breakout on Wednesday delivered the upside.
Stellar’s Lumen would need to move back through 38.2% FIB of $0.2823 and the pivot level at $0.2845 to support a run at the first major resistance level at $0.4404.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.40 levels.
Barring another extended crypto rally, the 23.6% FIB of $0.3426 would likely leave Stellar’s lumen short of the major resistance levels.
In the event of another breakout, Stellar’s Lumen could test resistance at $0.50 before any pullback. The second major resistance level sits at $0.5960.
Failure to move back through 38.2% FIB and the $0.2845 pivot would bring 62% FIB of $0.1850 into play.
Barring an extended sell-off, however, Stellar’s Lumen should steer well clear of the first major support level at $0.1289
At the time of writing, Stellar’s Lumen was down by 12.55% to $0.2491. A mixed start to the week saw Stellar’s Lumen rise to an early Monday high $0.2856 before sliding to a low $0.2272.
While leaving the major support and resistance levels untested. Stellar’s Lumen fell through the 38.2% FIB of $0.2823.
Thisarticlewas originally posted on FX Empire
• The Crypto Daily – Movers and Shakers – January 11th, 2021
• AUD/USD Daily Forecast – U.S. Dollar Starts The Week On A Strong Note
• AUD/USD and NZD/USD Fundamental Weekly Forecast – Ripe for Near-Term Correction Amid Rising U.S. Yields
• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 11th, 2021
• EUR/USD Daily Forecast – Test Of Support At 1.2175
• Oil Price Fundamental Weekly Forecast – Probably Due for a Correction, but OPEC+ Has Tools to Prevent a Crash...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * U.S. 10-yr yields reach 12-month peak of 1.36% * Shares regain some ground, wary on higher yields * Sterling, commodity currencies on the rise * Oil resumes climb, metals lead "real" assets higher By Wayne Cole SYDNEY, Feb 22 (Reuters) - Asian share markets inched higheron Monday as expectations for faster economic growth andinflation globally batter bonds and boost commodities, thoughrising real yields also make equity valuations look morestretched in comparison. MSCI\'s broadest index of Asia-Pacific shares outside Japanadded 0.1%, after easing from a record top latelast week as the jump in U.S. bond yields unsettled investors. Japan\'s Nikkei recouped 1.0% and South Korea0.4%, while E-Mini futures for the S&P 500 were afraction firmer. Bonds have been bruised by the prospect of a strongereconomic recovery and yet greater borrowing as President JoeBiden\'s $1.9 trillion stimulus package progresses. "Yield curves have continued to steepen, as COVID infectionrates decline further, reopening plans are discussed and a largeU.S. fiscal stimulus package looks likely," said ChristianKeller, Barclays\' head of economics research. "This in principle signals a better medium-term growthoutlook for the U.S. and beyond, as other core yields curves aremoving in the same direction," he added. "Meanwhile, centralbanks seem set to look through this year\'s inflation increase,keeping the curves\' front end anchored." Federal Reserve Chair Jerome Powell delivers his semi-annualtestimony before Congress this week and is likely to reiterate acommitment to keeping policy super easy for as long as needed todrive inflation higher. European Central Bank President Christine Lagarde is alsoexpected to sound dovish in a speech later Monday. Yields on 10-year Treasury notes have already reached 1.36%, breaking the psychological 1.30% level and bringingthe rise for the year so far to a steep 41 basis points. Story continues Analysts at BofA noted 30-year bonds hadreturned -9.4% in the year to date, the worst start since 2013. "Real assets are outperforming financial assets big in \'21as cyclical, political, secular trends say higher inflation,"the analysts said in a note. "Surging commodities, energylaggards in vogue, materials in secular breakouts." A COPPER-PLATED RECOVERY One of the stars has been copper, a key component ofrenewable technology, which shot up 7.7% last week to anine-year peak. Even the broader LMEX base metal index climbed5.5% on the week. Oil prices have gone along for the ride, aided by tighteningsupplies and freezing weather, giving Brent gains of 21% for theyear so far. Early Monday, Brent crude futures were up 43 centsat $63.34 a barrel, while U.S. crude added 11 cents to$59.35, All of which has been a boon for commodity linkedcurrencies, with the Canadian, Australian and New Zealanddollars all sharply higher for the year so far. Sterling has also reached a three-year top above $1.4000, aided by one of the fastest vaccine rollouts in theworld. British Prime Minister Boris Johnson is due to outline apath from COVID-19 lockdowns on Monday. The U.S. dollar index has been relatively range-bound, withdownward pressure form the country\'s expanding twin deficitsbalanced by higher bond yields. The index was last at 90.341, not far from where it started the year at 90.260. Rising Treasury yields has helped the dollar gain somewhaton the yen to 105.42, given the Bank of Japan is activelyrestraining yields at home. The euro was steady at $1.2121, corralled betweensupport at $1.2021 and resistance around $1.2169. One commodity not doing so well is gold, partly due torising bond yields and partly as investors question if cryptocurrencies might be a better hedge against inflation. The precious metal stood at $1,782 an ounce, havingstarted the year at $1,896. Bitcoin was up 2.3% onMonday at $57,275, having started the year at $19,700. (Editing by Shri Navaratnam)', '* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * U.S. 10-yr yields reach 12-month peak of 1.36% * Shares regain some ground, wary on higher yields * Sterling, commodity currencies on the rise * Oil resumes climb, metals lead "real" assets higher By Wayne Cole SYDNEY, Feb 22 (Reuters) - Asian share markets inched higheron Monday as expectations for faster economic growth andinflation globally batter bonds and boost commodities, thoughrising real yields also make equity valuations look morestretched in comparison. MSCI\'s broadest index of Asia-Pacific shares outside Japanadded 0.1%, after easing from a record top latelast week as the jump in U.S. bond yields unsettled investors. Japan\'s Nikkei recouped 1.0% and South Korea0.4%, while E-Mini futures for the S&P 500 were afraction firmer. Bonds have been bruised by the prospect of a strongereconomic recovery and yet greater borrowing as President JoeBiden\'s $1.9 trillion stimulus package progresses. "Yield curves have continued to steepen, as COVID infectionrates decline further, reopening plans are discussed and a largeU.S. fiscal stimulus package looks likely," said ChristianKeller, Barclays\' head of economics research. "This in principle signals a better medium-term growthoutlook for the U.S. and beyond, as other core yields curves aremoving in the same direction," he added. "Meanwhile, centralbanks seem set to look through this year\'s inflation increase,keeping the curves\' front end anchored." Federal Reserve Chair Jerome Powell delivers his semi-annualtestimony before Congress this week and is likely to reiterate acommitment to keeping policy super easy for as long as needed todrive inflation higher. European Central Bank President Christine Lagarde is alsoexpected to sound dovish in a speech later Monday. Yields on 10-year Treasury notes have already reached 1.36%, breaking the psychological 1.30% level and bringingthe rise for the year so far to a steep 41 basis points. Story continues Analysts at BofA noted 30-year bonds hadreturned -9.4% in the year to date, the worst start since 2013. "Real assets are outperforming financial assets big in \'21as cyclical, political, secular trends say higher inflation,"the analysts said in a note. "Surging commodities, energylaggards in vogue, materials in secular breakouts." A COPPER-PLATED RECOVERY One of the stars has been copper, a key component ofrenewable technology, which shot up 7.7% last week to anine-year peak. Even the broader LMEX base metal index climbed5.5% on the week. Oil prices have gone along for the ride, aided by tighteningsupplies and freezing weather, giving Brent gains of 21% for theyear so far. Early Monday, Brent crude futures were up 43 centsat $63.34 a barrel, while U.S. crude added 11 cents to$59.35, All of which has been a boon for commodity linkedcurrencies, with the Canadian, Australian and New Zealanddollars all sharply higher for the year so far. Sterling has also reached a three-year top above $1.4000, aided by one of the fastest vaccine rollouts in theworld. British Prime Minister Boris Johnson is due to outline apath from COVID-19 lockdowns on Monday. The U.S. dollar index has been relatively range-bound, withdownward pressure form the country\'s expanding twin deficitsbalanced by higher bond yields. The index was last at 90.341, not far from where it started the year at 90.260. Rising Treasury yields has helped the dollar gain somewhaton the yen to 105.42, given the Bank of Japan is activelyrestraining yields at home. The euro was steady at $1.2121, corralled betweensupport at $1.2021 and resistance around $1.2169. One commodity not doing so well is gold, partly due torising bond yields and partly as investors question if cryptocurrencies might be a better hedge against inflation. The precious metal stood at $1,782 an ounce, havingstarted the year at $1,896. Bitcoin was up 2.3% onMonday at $57,275, having started the year at $19,700. (Editing by Shri Navaratnam)', 'By Herbert Lash NEW YORK (Reuters) - Global stock markets fell on Monday as expectations of faster growth and quickening inflation battered bonds, boosted commodities and led to a further rotation out of the big tech names that have driven the equity rally during the pandemic. Gold rose more than 1% and copper prices shot above $9,000 a tonne for the first time since 2011 on the prospect for inflation and growth, while the dollar slumped to multi-year lows against the British pound and the Australian dollar. Oil prices rose on a tight global supply outlook after U.S. production was hammered by frigid weather and an approaching meeting of top crude producers is expected to keep output largely in check. Investors, who have been buying economically sensitive cyclical stocks and selling growth stocks, are preparing for a potential spike in inflation with the U.S. Congress poised to pass a $1.9 trillion pandemic-related economic stimulus bill. "What we\'re seeing are expectations really growing that we\'re going to have a return (to) normalcy a lot sooner, and that\'s driving the cyclical rotation," said Edward Moya, senior market analyst at OANDA in New York. High-growth stocks, including Apple Inc, Microsoft Corp, Tesla Inc and Amazon.com, pulled the Nasdaq down and weighed on the S&P 500. MSCI\'s all-country world index, which looks at stock market performance across 49 countries, fell 0.85%, also pulled down by the big U.S. tech names. European shares trimmed early losses as comments by European Central Bank chief Christine Lagarde knocked bond yields lower, while rising inflation expectations and profit-taking in technology stocks dragged the benchmark index lower. In Europe, the broad STOXX 600 index closed down 0.44%, falling to its lowest in 10 days. Germany\'s DAX fell 0.31%, France\'s CAC 40 slid 0.11% and Britain\'s FTSE 100 lost 0.18%. On Wall Street, the Dow Jones Industrial Average rose 0.09%, eking a small gain. The S&P 500 lost 0.77% and the Nasdaq Composite dropped 2.46%. Story continues "Lagarde\'s comme
**Last 60 Days of Bitcoin's Closing Prices:**
[23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-22
**Financial & Commodity Data:**
- Gold Closing Price: $1806.70
- Crude Oil Closing Price: $61.49
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,051,306,967,219
- Hash Rate: 143628376.2457872
- Transaction Count: 285383.0
- Unique Addresses: 761941.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: What happened:With over $13.27 billion in totalinflowsto exchanges, Bitcoin (BTC) recorded some of its largest-ever weekly inflows over the past few days.
This number surpassed the $4.2 billion of weekly inflows into U.S. tech stocks, recently observed by Bank of America’s Michael Hartnett, asreportedby a publication ZeroHedge.
Why it matters:The market-leading cryptocurrency attracted newfound interest from retail investors, as well as institutions following Tesla’s $1.5 billion Bitcoinpurchase.
After the announcement, Bitcoin’s price spiked sharply, recording itslargestcandle in history. Consequently, Bitcoin’s market cap surpassed Tesla’s, making Bitcoin the 9th largest asset globally with over $889.4 billion in market cap.
See more from Benzinga
• Click here for options trades from Benzinga
• CME Registers M Worth Of Ethereum Futures On Launch Day
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/Allahjandro', 'My friend almost fell for a fake Elon Musk twitter account scam. Educate your friends please!', 16, '2021-02-22 00:11', 'https://www.reddit.com/r/CryptoCurrency/comments/lp97w6/my_friend_almost_fell_for_a_fake_elon_musk/', 'I really never thought one of my friends would fall for this and I\'m so glad he called me before he did anything. \n\nI was hanging out at home when suddenly I get a frantic call from my friend telling me that Elon Musk is giving away 5,000 free Bitcoin on Twitter and anyone who clicks on the link just has to send any amount more than 0.05 Bitcoin and they can claim some free BTC to be sent back to them. He sounded so excited so I immediately went to Twitter thinking "Ok sounds like the typical scam but I\'ll check Twitter anyway lol"... obviously saw nothing there. I told him that it was a scam and if he sent ₿itcoin to the address posted on the site he\'d lose that money. So he went back to the comment to double check and confirm that it was indeed a fake account.\n\nI try my best to educate my friends on what cryptocurrencies are, how to keep them safe and to not use Robinhood, etc. I\'m extremely glad that because of this I was the first person my friend decided to call. He makes very good money at work so losing a few thousand dollars wouldn\'t hurt him in the long run but I get this gut wrenching feeling thinking of the assholes out there have gotten away with it in the past and occasionally still do.\n\n**PLEASE EDUCATE YOUR PEOPLE SO THEY DON\'T FALL PREY TO THESE SCUMBAGS**', 'https://www.reddit.com/r/CryptoCurrency/comments/lp97w6/my_friend_almost_fell_for_a_fake_elon_musk/', 'lp97w6', [['u/Waywardphotography', 13, '2021-02-22 00:17', 'https://www.reddit.com/r/CryptoCurrency/comments/lp97w6/my_friend_almost_fell_for_a_fake_elon_musk/goa2njz/', 'Wait Elon is giving away bitcoin??', 'lp97w6'], ['u/Twitter-isnt-News', 11, '2021-02-22 00:19', 'https://www.reddit.com/r/CryptoCurrency/comments/lp97w6/my_friend_almost_fell_for_a_fake_elon_musk/goa2wto/', 'Yes, but you have to help him save a Nigerian Prince first', 'lp97w6']]], ['u/Thebaileyred', 'I am offical a GARLICCOIN holder‼️', 85, '2021-02-22 00:19', 'https://www.reddit.com/r/garlicoin/comments/lp9d7e/i_am_offical_a_garliccoin_holder/', 'It was tricky, but I did it. I was able to purchase coins on FREIEXCHANGE.COM. I transferred DOGE and converted into BTC, then was able to purchase. I am excited about the potential of this coin. GET IN EARLY, FOLKS...💰🧄\n\n*Offically', 'https://www.reddit.com/r/garlicoin/comments/lp9d7e/i_am_offical_a_garliccoin_holder/', 'lp9d7e', [['u/wcmiker', 25, '2021-02-22 00:35', 'https://www.reddit.com/r/garlicoin/comments/lp9d7e/i_am_offical_a_garliccoin_holder/goa4v38/', 'Congrats, welcome on the Garlic train.', 'lp9d7e'], ['u/Thebaileyred', 10, '2021-02-22 00:37', 'https://www.reddit.com/r/garlicoin/comments/lp9d7e/i_am_offical_a_garliccoin_holder/goa4ziw/', 'Thank you‼️😄', 'lp9d7e'], ['u/notafoolsgarden', 11, '2021-02-22 01:00', 'https://www.reddit.com/r/garlicoin/comments/lp9d7e/i_am_offical_a_garliccoin_holder/goa7qwl/', 'i wish you some strong 🧄🙌', 'lp9d7e'], ['u/Brand_new_beach_hat', 10, '2021-02-22 03:02', 'https://www.reddit.com/r/garlicoin/comments/lp9d7e/i_am_offical_a_garliccoin_holder/goalro4/', 'This coin is the SlapChop of crypto. Say goodbye to a boring life!', 'lp9d7e']]], ['u/AndyWarholWasAwful', 'If Adam Back\'s selling point to miners was that high fees would benefit them, why don\'t miners see that high fees will also push users onto Blockstream\'s "second layer" products, reducing their income?', 33, '2021-02-22 00:22', 'https://www.reddit.com/r/btc/comments/lp9fjx/if_adam_backs_selling_point_to_miners_was_that/', "Throughout all this the miners have been the most confusing to me. During the split I NEVER thought ANY let alone a majority of miners would fall for Blockstream's nonsense. \n\nWhat logic are miners following to mine small blocks that will actively encourage uses to not use Bitcoin?", 'https://www.reddit.com/r/btc/comments/lp9fjx/if_adam_backs_selling_point_to_miners_was_that/', 'lp9fjx', [['u/Shibinator', 18, '2021-02-22 00:40', 'https://www.reddit.com/r/btc/comments/lp9fjx/if_adam_backs_selling_point_to_miners_was_that/goa5fck/', 'Because they can just mine BTC until BCH overtakes it then switch? Sounds like a pretty ideal situation for them to be honest.', 'lp9fjx'], ['u/CluelessTwat', 10, '2021-02-22 01:41', 'https://www.reddit.com/r/btc/comments/lp9fjx/if_adam_backs_selling_point_to_miners_was_that/goac9q3/', "'Crazy' would be you typing that and expecting people to believe it.", 'lp9fjx']]], ['u/Johnstone2016', 'Bitcoin on Celsius anyone?', 23, '2021-02-22 00:24', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/', 'Just seeing how many of you have gone beyond storing your USD as a stable coin for your savings account on Celsius and store your (some/all...please specify) Bitcoin on Celsius? One can understand the nerves 😅', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/', 'lp9gu3', [['u/fristin1', 45, '2021-02-22 00:51', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/goa6pun/', 'Getting 6% interest on something that doubles in a year is better then 12% on something that loses value. Imo', 'lp9gu3'], ['u/Johnstone2016', 11, '2021-02-22 00:52', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/goa6vhk/', 'Just looking at the risk and safety.', 'lp9gu3'], ['u/fristin1', 10, '2021-02-22 01:01', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/goa7sb1/', "In a bankruptcy type event I don't think either coin would be safer then the other, but that's just a guess unless Celsius has any statement to the contrary. From what I see there isn't much transparency what a collapse would look like, what the catalyst would be or how likely it is. That goes for the competition as well.", 'lp9gu3'], ['u/Mardeus', 16, '2021-02-22 01:26', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/goaanjx/', 'I keep like 50% of my crypto portfolio on Celsius', 'lp9gu3'], ['u/Somnial', 10, '2021-02-22 02:15', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/goagalj/', 'I’ve spread out some coins over Celsius and Voyager but been pretty happy with both. Only things about Celsius I don’t like is it takes 24 hours to change the withdrawal destination on any coin so if you wanted to send ETH to an exchange or metamask, you’d have to choose one or else wait 24 hours to change it. This is for security though so I feel it’s pretty secure. I do keep some USDC in there to build some interest though, feels wasteful to leave in my bank lol \n\nAlso best thing about Celsius, aside from the rates, no transfer fees. They pay for us, and soon will allow you to swap in the app and they’ll supposedly be free. It’d make taking profits a lot easier', 'lp9gu3'], ['u/Thisnickname', 14, '2021-02-22 02:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/goagv8d/', 'All my BTC, XRP and ETH are stored on Celsius. 10K worth.', 'lp9gu3'], ['u/Chess_Not_Checkers', 20, '2021-02-22 02:23', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/goah54i/', "Not the person you're replying too but I DCA into Bitcoin, Eth, Comp, and Litecoin every week. Every time they put out a new promo I move one of those coins into Celsius to take advantage of it. 0 issues so far and every promo code pays out eventually, people are just impatient.\n\n\nI've been using them for about 13 months now. Really happy with them!", 'lp9gu3'], ['u/Imascotsman', 10, '2021-02-22 08:09', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/gobf969/', "At the time of writing Celsius has 62,423 Bitcoin within the app. Your Bitcoin wouldn't be alone.", 'lp9gu3'], ['u/Hermeswisdom84', 10, '2021-02-22 11:08', 'https://www.reddit.com/r/CelsiusNetwork/comments/lp9gu3/bitcoin_on_celsius_anyone/gobr3xl/', 'Using since 40k members, two loans @8k and over 250k in app.... I trust them more than my bank.....', 'lp9gu3']]], ['u/LactatingJello', 'The FUD for every top 10 coin and why you should be aware of it', 1403, '2021-02-22 00:26', 'https://www.reddit.com/r/CryptoCurrency/comments/lp9i8n/the_fud_for_every_top_10_coin_and_why_you_should/', 'FUD (Fear Uncertainty Doubt) comes with every crypto coin no matter how perfect, decentralized, scalable, etc...\n\nSo here\'s the major FUD for each of the top 10 cryptos for those who are new to the space or want to know more about why some have their doubts about these projects. Some of this FUD may not be "true" depending on how you view it but it nonetheless forms a major opinion on why there is FUD surrounding the project. In my opinion, it\'s important to be aware of it so you can form your own opinion for your investments and help spur discussion.\n\n​\n\n1. **Bitcoin** \\- Although the pioneer of blockchain technology, it is considered slow, expensive, and unscalable compared to many emerging coins over the past 10 years (LTC, BCH, XLM, NANO, etc..) It\'s also much easier for you (depending on the country you live in) to send money to a friend or spend your currency at a store with credit cards or apps like Venmo/PayPal. At this point, many question why use bitcoin when they can just use their own currency reflecting how many don\'t perceive or care about the importance of decentralization. Another major piece of FUD is which country controls most of the bitcoin as it seems China and USA have a dominant control over mining operations which makes many believe that there is nothing stopping one country from attacking the network. Bitcoin also has some other FUD like how it\'s not a physical asset like gold, whales manipulating the price, what happens if I lo...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Alan Howard, the billionaire cofounder of hedge fund Brevan Howard, has backed a startup building a Venmo-like app for cryptocurrencies.\nBottlepay said on Tuesday it had raised £11m ($15.5m) in seed funding from backers including Howard. The London-based startup said money also came from "present and former Goldman Sachs partners" but declined to name them. Bottlepay, which was founded in 2019, was valued at £51m in the deal.\nThe funding round comes amid increased interest in bitcoin (BTC-USD) from institutional investors and large corporates. PayPal (PYPL) said last year it would allow customers to handle the token through its platform and Mastercard (MA)followed suite earlier this month. BNY Mellon, America\'s oldest bank, said it too wouldhandle bitcoin on behalf of clients.\nREAD MORE:Bitcoin market value reaches $1trn as price hits fresh highs\nSquare (SQ)invested $50m into the cryptocurrencylast October and wealth manager Ruffer put some of its £21bn ($29bn) in assets into bitcoin last November. Tesla (TSLA) announced at the start of the month that it hadinvested $1.5bn into the cryptocurrency.\nRecent investor attention towards bitcoin has led to a surge in its price. The cryptocurrency has risen over 400% since last October and recentlyreached an all-time high above $56,000 per coin.\nHoward is the cofounder of Brevan Howard Asset Management, one of Europe\'s biggest and best known hedge funds. Founded in 2002, the firm manages around $13bn on behalf of clients. Its success has turned its cofounder into a billionaire, withan estimated fortune of $1.7bn according to Forbes.\nCompared to others in high finance, Howard was early to cotton on to the investment potential of cryptocurrency. He spearheaded the launch of cryptocurrency investment company Elwood Asset Management in 2019 and isa backer of bitcoin investment business One River Digital.\nBottlepay\'s spokesperson said Howard was unavailable to comment on the deal.\nBottlepay is a mobile wallet built on the bitcoin protocol that lets people buy, spend, and send money quickly and easily. Bottlepay links into social networks like Reddit and Twitter, allowing people to send money to users on these platforms. The app specialises in bitcoin micropayments but also lets users handle dollars, pounds and euros.\n"The payments ecosystem is undergoing monumental changes as we move towards a cashless society," chief executive Mark Webster said in a statement. "Today’s consumer wants to be able to transact freely and easily, without the restrictions of a traditional bank.\n"We believe that with this cash injection, we can build a leading company in this rapidly growing space which will allow people to send, spend and receive payments in a way that works best for them.”\nBottlepay is part of the UK Financial Conduct Authority\'s Innovation Hub. The "beta" version of its app has signed up over 20,000 users.\nWatch: What are the risks of investing in cryptocurrency?', 'A Bitcoin paper wallet with QR codes and coins are seen in an illustration picture. Photo: REUTERS/Benoit Tessier (Benoit Tessier / reuters) Alan Howard, the billionaire cofounder of hedge fund Brevan Howard, has backed a startup building a Venmo-like app for cryptocurrencies. Bottlepay said on Tuesday it had raised £11m ($15.5m) in seed funding from backers including Howard. The London-based startup said money also came from "present and former Goldman Sachs partners" but declined to name them. Bottlepay, which was founded in 2019, was valued at £51m in the deal. The funding round comes amid increased interest in bitcoin ( BTC-USD ) from institutional investors and large corporates. PayPal ( PYPL ) said last year it would allow customers to handle the token through its platform and Mastercard ( MA ) followed suite earlier this month . BNY Mellon, America\'s oldest bank, said it too would handle bitcoin on behalf of clients . READ MORE: Bitcoin market value reaches $1trn as price hits fresh highs Square ( SQ ) invested $50m into the cryptocurrency last October and wealth manager Ruffer put some of its £21bn ($29bn) in assets into bitcoin last November. Tesla ( TSLA ) announced at the start of the month that it had invested $1.5bn into the cryptocurrency. Recent investor attention towards bitcoin has led to a surge in its price. The cryptocurrency has risen over 400% since last October and recently reached an all-time high above $56,000 per coin . Howard is the cofounder of Brevan Howard Asset Management, one of Europe\'s biggest and best known hedge funds. Founded in 2002, the firm manages around $13bn on behalf of clients. Its success has turned its cofounder into a billionaire, with an estimated fortune of $1.7bn according to Forbes . Compared to others in high finance, Howard was early to cotton on to the investment potential of cryptocurrency. He spearheaded the launch of cryptocurrency investment company Elwood Asset Management in 2019 and is a backer of bitcoin investment business One River Digital . Bottlepay\'s spokesperson said Howard was unavailable to comment on the deal. Bottlepay\'s app lets users send bitcoins and other cryptocurrencies socially, like Venmo does with traditional fiat currency. Photo: Bottlepay (Bottlepay) Bottlepay is a mobile wallet built on the bitcoin protocol that lets people buy, spend, and send money quickly and easily. Bottlepay links into social networks like Reddit and Twitter, allowing people to send money to users on these platforms. The app specialises in bitcoin micropayments but also lets users handle dollars, pounds and euros. "The payments ecosystem is undergoing monumental changes as we move towards a cashless society," chief executive Mark Webster said in a statement. "Today’s consumer wants to be able to transact freely and easily, without the restrictions of a traditional bank. Story continues "We believe that with this cash injection, we can build a leading company in this rapidly growing space which will allow people to send, spend and receive payments in a way that works best for them.” Bottlepay is part of the UK Financial Conduct Authority\'s Innovation Hub. The "beta" version of its app has signed up over 20,000 users. Watch: What are the risks of investing in cryptocurrency? View comments', 'What Happened:Cryptocurrency exchange Crypto.com’s native token CRO has rallied by over 70% in the past 24-hours, and its trading volume is up by 877%.\nThe cryptocurrency’s price skyrocketed after the company’sannouncementconfirmed a massive token burn ahead of its mainnet launch.\nCrypto.com said it would destroy 70 billion of its CRO tokens, in what it describes as the largest token burn in the history of crypto markets.\nWhy It Matters:The cryptocurrency exchange stated that the token burn was an important step to fully “decentralize its network."\n“The purpose of these burns is to ensure network security by not giving too much of an advantage to early adopters as preparations are being made for the March 25th Crypto.org Chain mainnet," a spokesperson for Crypto.com told Benzinga.\n59.6 billion CRO tokens will be burned today, and the remaining 10.4 tokens will be locked in a smart contract on a schedule to be burned monthly.\nAccording to the exchange, this will increase the level of circulating supply of CRO from the current 24% to over 80%.\nTypically, the goal of token burning is to permanently remove a certain quantity of a token from the circulating supply to slow down inflation/influence a token’s price.\n“There is not a direct correlation between the price increase and token burns, but one can induce that when the supply is decreased, the existing tokens become more valuable,” a representative of Crypto.com concluded.\nWhat Else:Besides these changes in CRO’s tokenomics, the platform is launching the Crypto.org Chain blockchain on the mainnet on March 25.\nThe blockchain will serve as infrastructure for users to create payment networks, NFTs (non-fungible tokens), and DeFi (decentralized finance) applications.\n“We believe that the world needs a fully decentralized, open-source, public chain with high speed and low fees.”, said Crypto.com in ablogpost.\nImage: Markus Winkler via Unsplash\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Tesla, Square Make B On Bitcoin Investment While Small Cap Crypto Stocks Surge\n• Barclays Investment Chief Compares Bitcoin To \'Flightless Bird\'\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'What Happened: Cryptocurrency exchange Crypto.com’s native token CRO has rallied by over 70% in the past 24-hours, and its trading volume is up by 877%. The cryptocurrency’s price skyrocketed after the company’s announcement confirmed a massive token burn ahead of its mainnet launch. Crypto.com said it would destroy 70 billion of its CRO tokens, in what it describes as the largest token burn in the history of crypto markets. Why It Matters: The cryptocurrency exchange stated that the token burn was an important step to fully “decentralize its network." “The purpose of these burns is to ensure network security by not giving too much of an advantage to early adopters as preparations are being made for the March 25th Crypto.org Chain mainnet," a spokesperson for Crypto.com told Benzinga. 59.6 billion CRO tokens will be burned today, and the remaining 10.4 tokens will be locked in a smart contract on a schedule to be burned monthly. According to the exchange, this will increase the level of circulating supply of CRO from the current 24% to over 80%. Typically, the goal of token burning is to permanently remove a certain quantity of a token from the circulating supply to slow down inflation/influence a token’s price. “There is not a direct correlation between the price increase and token burns, but one can induce that when the supply is decreased, the existing tokens become more valuable,” a representative of Crypto.com concluded. What Else: Besides the
**Last 60 Days of Bitcoin's Closing Prices:**
[24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-23
**Financial & Commodity Data:**
- Gold Closing Price: $1804.40
- Crude Oil Closing Price: $61.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $902,323,482,947
- Hash Rate: 137148900.6256765
- Transaction Count: 287884.0
- Unique Addresses: 796658.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Speaking to CNBC’S Andrew Ross Sorkin today, the CEO of Uber Technologies Inc ( NYSE: UBER) Dara Khosrowshahi said the company would look into cryptocurrency as a means of payment. What Happened : Answering the question about whether the app is considering accepting Bitcoin as payment, Khosrowshahi said “Just like we accept all kinds of local currencies, we’re going to look into cryptocurrencies and or Bitcoin in terms of currency to transact. That’s good for business.” He notes that the platform will only introduce it if they see a real value and “a benefit there.” "We’re just not gonna do it as a part of a promotion.” The CEO, however, said that a “conversation” about investing in Bitcoin as part of its treasury “has been quickly dismissed.” “We're going to keep our cash safe. We're not in the speculation business.” Why It Matters: Uber comments come a day after Twitter Inc (NYSE: TWTR ) CFO Ned Segal said that the social media platform would consider paying their employees and vendors in crypto if they ask for it. “It's something we continue to study and look at. We want to be thoughtful about it over time, but we haven't made any changes yet," Segal added. See more from Benzinga Click here for options trades from Benzinga Bitcoin Breaks ,000 Minutes After Surpassing ,000 For The First Time In History Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, slid by 9.61% on Tuesday. Following on from a 5.73% decline on Monday, Bitcoin ended the day at $48,874.0.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $54,138.0 before hitting reverse.\nFalling short of the first major resistance level at $58,272, Bitcoin tumbled to a late morning intraday low $45,000.\nThe extended sell-off saw Bitcoin fall through the first major support level at $49,078 and the 23.6% FIB of $45,501.\nSteering clear of sub-$45,000 support levels, Bitcoin briefly revisited $49,500 before a 2ndpullback.\nBitcoin broke back through the first major support level and the 23.6% FIB before a 2ndslide through the 23.6% FIB of $45,501.\nFinding late support, however, Bitcoin broke back through the 23.6% FIB to end the day at $48,800 levels.\nThe near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nPolkadot rose by 1.48% to buck the trend on the day.\nIt was a particularly bearish day for the rest of the pack, however.\nCrypto.com Cointumbled by 34.61% to lead the way down.\nBitcoin Cash SV(-15.14%),Binance Coin(-13.52%),Cardano’s ADA(-12.47%),Chainlink(-17.54%),Ethereum(-11.27%),Litecoin(-14.71%), andRipple’s XRP(-15.90%) all saw heavy losses.\nEarly in the current week, the crypto total market cap rose to a Monday high $1,747.86bn before sliding to a Tuesday low $1,290.41bn. At the time of writing, the total market cap stood at $1,444.92bn.\nBitcoin’s dominance fell to a Monday low 61.37% before rising to a Tuesday high 64.77%. At the time of writing, Bitcoin’s dominance stood at 62.73%.\nAt the time of writing, Bitcoin was down by 0.71% to $48,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $49,087.0 before falling to a low $48,465.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV and Crypto.com Coin were up by 1.62% and by 2.92% to buck the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Binance Coin was down by 2.23% to lead the way down.\nBitcoin would need to move through the pivot level at $49,337 to bring the first major resistance level at $53,675 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $50,000 levels.\nBarring an extended crypto rally, the first major resistance level and Monday’s high $54,138.0 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $58,475.\nFailure to move through the $49,337 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,537 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $40,199.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Forecast – Natural Gas Markets Fall Toward Support\n• Economic Data Puts the EUR in Focus Ahead of Day 2 of FED Chair Powell Testimony\n• Gold Price Prediction – Prices Consolidate Near Resistance as Housing Prices Rise\n• Pioneer Natural Resources Tops Q4 Earnings Estimates, Shares Gain\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 24th, 2021\n• Asia-Pacific Shares Expected to Open Higher after Fed’s Powell Eases Fears of Policy Shift', 'Bitcoin , BTC to USD, slid by 9.61% on Tuesday. Following on from a 5.73% decline on Monday, Bitcoin ended the day at $48,874.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $54,138.0 before hitting reverse. Falling short of the first major resistance level at $58,272, Bitcoin tumbled to a late morning intraday low $45,000. The extended sell-off saw Bitcoin fall through the first major support level at $49,078 and the 23.6% FIB of $45,501. Steering clear of sub-$45,000 support levels, Bitcoin briefly revisited $49,500 before a 2 nd pullback. Bitcoin broke back through the first major support level and the 23.6% FIB before a 2 nd slide through the 23.6% FIB of $45,501. Finding late support, however, Bitcoin broke back through the 23.6% FIB to end the day at $48,800 levels. The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Polkadot rose by 1.48% to buck the trend on the day. It was a particularly bearish day for the rest of the pack, however. Crypto.com Coin tumbled by 34.61% to lead the way down. Bitcoin Cash SV (-15.14%), Binance Coin (-13.52%), Cardano’s ADA (-12.47%), Chainlink (-17.54%), Ethereum (-11.27%), Litecoin (-14.71%), and Ripple’s XRP (-15.90%) all saw heavy losses. Early in the current week, the crypto total market cap rose to a Monday high $1,747.86bn before sliding to a Tuesday low $1,290.41bn. At the time of writing, the total market cap stood at $1,444.92bn. Bitcoin’s dominance fell to a Monday low 61.37% before rising to a Tuesday high 64.77%. At the time of writing, Bitcoin’s dominance stood at 62.73%. This Morning At the time of writing, Bitcoin was down by 0.71% to $48,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $49,087.0 before falling to a low $48,465.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Crypto.com Coin were up by 1.62% and by 2.92% to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 2.23% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $49,337 to bring the first major resistance level at $53,675 into play. Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels. Barring an extended crypto rally, the first major resistance level and Monday’s high $54,138.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $58,475. Failure to move through the $49,337 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,537 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $40,199. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Markets Fall Toward Support Economic Data Puts the EUR in Focus Ahead of Day 2 of FED Chair Powell Testimony Gold Price Prediction – Prices Consolidate Near Resistance as Housing Prices Rise Pioneer Natural Resources Tops Q4 Earnings Estimates, Shares Gain EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 24th, 2021 Asia-Pacific Shares Expected to Open Higher after Fed’s Powell Eases Fears of Policy Shift', "NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (\x93 Digihost \x94 or the \x93 Company \x94) (TSXV: DGHI; OTCQB: HSSHF) is pleased to announce a non-brokered private placement financing of up to $10,000,000 (the \x93 Offering \x94). The Offering will consist of the sale of up to 2,857,142 units (\x93 Units \x94) at a price of $3.50 per Unit. Each Unit will be comprised of one (1) common share of the Company (a \x93 Share \x94), and one-half of one (0.5) common share purchase warrant (each whole warrant, a \x93 Warrant \x94), with each Warrant entitling the holder thereof to acquire one additional common share of the Company at a price of $4.40 for a period of eighteen (18) months following the closing of the Offering. Proceeds of the Offering will be used by the Company to acquire the latest generation miners, increase mining capacity, reduce energy costs and for general working capital purposes. Michel Amar, the Company\x92s CEO, stated: \x93We are very excited to expand the financial resources of the Company through the offering of this new capital raise. We intend to put the proceeds of the financing towards the acquisition of additional high-quality miners and we are motivated by the prospect of increasing our hashrate to mine beyond the current approximate 1.2 Bitcoins per day. We also continue to evaluate every opportunity for growth through capital investment with the objective of further lowering our already low electricity costs.\x94 The Offering is subject to the receipt of all required corporate and regulatory approvals including the approval of the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. Story continues About Digihost Technology Inc. Digihost is a growth-oriented blockchain company primarily focused on Bitcoin mining. The Company's mining facility is located in Buffalo, N.Y., and is equipped with an 18.7MVA 115,000-kilovolt-ampere outdoor substation with an option to increase the power output to 42MVA. The Company is currently hashing a
**Last 60 Days of Bitcoin's Closing Prices:**
[26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-02-24
**Financial & Commodity Data:**
- Gold Closing Price: $1796.40
- Crude Oil Closing Price: $63.22
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $919,753,156,856
- Hash Rate: 171706103.93293357
- Transaction Count: 358092.0
- Unique Addresses: 874171.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The leader of lossless lotteries on Ethereum, PoolTogether, is airdropping a new token to all its users who have joined it for the ride so far: POOL . Im really excited about the potential for a consumer financial primitive rather than a financial financial primitive, PoolTogether founder Leighton Cusack told CoinDesk in a phone call. This is a much more approachable product to people and therefore I think the idea of user ownership becomes much more approachable too. Launched in 2019 , PoolTogether is a lottery where there is no risk. Users put in assets that are sent to other decentralized finance (DeFi) apps in order to earn yield. Depositors get tickets that correspond to their deposits. One ticket from a given pool earns all the yield on everyones deposits. That said, the deposits can be withdrawn at any time. Related: Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims At least thats how it has mostly worked. When it released its latest version , PoolTogether opened up all the parameters to others who might want to create pools for lossless lotteries on all kinds of assets. More on that below. No-loss prize savings is one of the most, if not the most used consumer financial primitive in the whole world. If you look globally in the fiat world, the old-school money world, theres probably hundreds of millions that people have saved in no-loss prize savings accounts, Cusack said. With PoolTogether, anyone gets it, and because of that, I think giving people ownership of it and control of it is going to be so much more impactful. The POOL token airdrop should begin at roughly 18:00 UTC (1:00 p.m. ET), though it could be delayed. Are you in the POOL? POOL may have a better claim to the governance token moniker than some of the airdrops that have come before, because Cusack said the team waited until its app had both a user base and community members who wanted to contribute before releasing it. Story continues Related: Switzerland's 'Crypto Valley' Has Started Accepting Bitcoin, Ether for Tax Payments Less than 40% of all POOL will be allocated now, with 14% of it going to everyone who has ever used POOL so far, in any of its versions, at any time prior to Jan. 14. Cusack said its allocating tokens to users based on the amount they deposited and how long they stayed in. So someone who put in $100,000 for one week will get the same amount as someone who put in $1,000 for 100 weeks. That curve was slightly tweaked to distribute it slightly more evenly, Cusack said. In other words, they shaved some off the whales allotment and gave it to everyone else. Cusack promises this distribution should be good for the small PoolTogether users who stayed for a long time. Like other airdrops, it will just be based on wallets that used PoolTogether. Anyone who has should be able to sign in to the website and receive their tokens. There will be a brief liquidity mining opportunity for another 5% of POOL over the next 14 weeks, going to everyone who puts assets into one of the pools. The staff, investors and advisors will get about 20% of the tokens, but they are locked for a year. After that, the remaining 60% of POOL will be in the hands of governance to decide how to distribute. Making changes PoolTogether is an app that pushes people to be more financially responsible, but in a fun way. Now the team is also pushing the DeFi world to be more user-friendly. Cusack pointed out that participating in governance can be quite difficult for non-technical people. Most governance processes require proposals written in the code that would be implemented if a proposal passes. This means it requires technically skilled people to make a proposal. Because PoolTogether has a relatively simple set of parameters, the team believes it can make it easy for a non-technical person to make a governance proposal. New pools on PoolTogether need to decide which assets to accept, how long each lottery should run, how many tickets should win and other issues like that. It makes it very, very simple for anyone to submit governance proposals, he said. I think thats a big difference right now. The team released its code to allow others to build a pool last week . The new user-friendly interface should be live shortly. Right now, PoolTogether has pools for DAI , USDC , COMP and UNI . With the new pool builder, there could be pools for a wide array of Ethereum assets. Its up to POOL holders. As todays announcement said, Control is now fully in the hands of the community. Related Stories Ethereums Favorite Lossless Lottery Will Airdrop Its POOL Token Today Ethereums Favorite Lossless Lottery Will Airdrop Its POOL Token Today...
- Reddit Posts (Sample): [['u/varicela', 'I just bought my first small part of a bitcoin', 23, '2021-02-24 00:26', 'https://www.reddit.com/r/BitcoinBeginners/comments/lqwbxj/i_just_bought_my_first_small_part_of_a_bitcoin/', "I'm starting on this world and I'm kinda anxious and I would like to know like which ones are like the most common advice? Because I bought yesterday when it was a little bit low and today is more low haha. You guys have some kind of mathematical resolution to know when it's gonna be low and when it's gonna be high? And what else can you recommend me? Omg so scared", 'https://www.reddit.com/r/BitcoinBeginners/comments/lqwbxj/i_just_bought_my_first_small_part_of_a_bitcoin/', 'lqwbxj', [['u/Leading_Zeros', 19, '2021-02-24 00:52', 'https://www.reddit.com/r/BitcoinBeginners/comments/lqwbxj/i_just_bought_my_first_small_part_of_a_bitcoin/goivgjb/', "Your fear is just uncertainty. Invest your time in understanding everything about bitcoin. The more you know the more confident you will be in its future. Yes, its extremely volatile, but you can't make money without volatility in the upward direction.\n\nLong term price charts are the place to start:\n\n[https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/](https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/)\n\n[https://s2f.hamal.nl/s2fcharts.html](https://s2f.hamal.nl/s2fcharts.html)\n\nIf anyone wants a 17 minute crash course on Bitcoin economics than these 2 articles are excellent-\n\n[https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947](https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947)\n\n[https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5](https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5)\n\nIf you have a few more minutes read these 3 articles :\n\n[https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1)\n\n[https://medium.com/the-bitcoin-times/bitcoin-and-the-tyranny-of-time-scarcity-1d1550dfd8b0](https://medium.com/the-bitcoin-times/bitcoin-and-the-tyranny-of-time-scarcity-1d1550dfd8b0)\n\n[https://unchained-capital.com/blog/bitcoin-is-common-sense/](https://unchained-capital.com/blog/bitcoin-is-common-sense/)\n\nFor the ten-thousand foot view of where Bitcoin fits into the history of money, check out this article series:\n\n[https://medium.com/@breedlove22/money-bitcoin-and-time-part-1-of-3-b4f6bb036c04](https://medium.com/@breedlove22/money-bitcoin-and-time-part-1-of-3-b4f6bb036c04)\n\nAUDIO: [https://anchor.fm/thecryptoconomy/episodes/Money--Bitcoin---Time---by-Robert-Breedlove-e9avia](https://anchor.fm/thecryptoconomy/episodes/Money--Bitcoin---Time---by-Robert-Breedlove-e9avia)\n\nIf you are ready to go down the rabbit hole of knowledge Learn more here –\n\n[https://www.lopp.net/bitcoin-information.html](https://www.lopp.net/bitcoin-information.html)\n\n[https://www.lopp.net/lightning-information.html](https://www.lopp.net/lightning-information.html)\n\n[https://10hoursofbitcoin.com/](https://10hoursofbitcoin.com/)\n\n[https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/)\n\n[https://wtfhappenedin1971.com/](https://wtfhappenedin1971.com/)\n\n[https://www.bitcoinaudiobook.com/](https://www.bitcoinaudiobook.com/)\n\n[https://whatismoney.info/](https://whatismoney.info/)\n\n[https://bitcoin-resources.com](https://bitcoin-resources.com/)\n\n[https://www.bitcoin101.club](https://www.bitcoin101.club/)\n\n[https://21lessons.com](https://21lessons.com/)\n\nAny questions just ask here", 'lqwbxj']]], ['u/gangstarrrrr', 'How do HMRC determine ownership of a wallet?', 12, '2021-02-24 00:38', 'https://www.reddit.com/r/BitcoinUK/comments/lqwp0k/how_do_hmrc_determine_ownership_of_a_wallet/', 'Let’s say I buy some BTC and immediately send it to a wallet I’ve set up for my son or dad, how do they determine who’s liable for any CGT?', 'https://www.reddit.com/r/BitcoinUK/comments/lqwp0k/how_do_hmrc_determine_ownership_of_a_wallet/', 'lqwp0k', [['u/Alternative_Slide978', 11, '2021-02-24 02:55', 'https://www.reddit.com/r/BitcoinUK/comments/lqwp0k/how_do_hmrc_determine_ownership_of_a_wallet/goj9xvp/', "If its a No KYC wallet then they cant and they wont know who is the owner of the wallet . And that's the beauty of crypto .\n\nBUT if you ever used you credit card or bank transfer to buy a bitcoin then it is traceable , yet still they wont know who is the owner of that wallet .\n\nAnd if at some point you change it to MONERO then its a dead end .Monere is untraceable", 'lqwp0k'], ['u/krissaroth', 10, '2021-02-24 08:48', 'https://www.reddit.com/r/BitcoinUK/comments/lqwp0k/how_do_hmrc_determine_ownership_of_a_wallet/gok7ql8/', "Unfortunately that's total bollocks. HMRC love to go after the little guy.", 'lqwp0k']]], ['u/brantvogt', 'My 81 year old Dad just bought the dip', 285, '2021-02-24 00:52', 'https://www.reddit.com/r/Bitcoin/comments/lqx3a0/my_81_year_old_dad_just_bought_the_dip/', 'I couldn\'t be more proud. My 81 year old Dad is still slinging it in the markets man. Pops asked me what I thought of Bitcoin a month ago and I gave him "This Book Will Save You Time."\n\nYesterday he called me asking how to buy it and if I could afford to throw him today. Damn!! I said 10k. He said that\'s fine, do you know what Dollar Cost Averaging is son?\n\n...Yes Dad.\n\nI\'ll just keep doing that amount until I die. I\'ll write you a check next time I see you for ten grand.\n\n😲😲😲😲\n\nI effing love you pops. You\'re a stone cold killer.\n\nEdit: it\'s monthly', 'https://www.reddit.com/r/Bitcoin/comments/lqx3a0/my_81_year_old_dad_just_bought_the_dip/', 'lqx3a0', [['u/gothamneedsdean', 34, '2021-02-24 00:53', 'https://www.reddit.com/r/Bitcoin/comments/lqx3a0/my_81_year_old_dad_just_bought_the_dip/goivm0f/', 'THIS IS THE FUCKING WAY! I also love him. He’s fighting for your future.', 'lqx3a0'], ['u/brantvogt', 22, '2021-02-24 00:54', 'https://www.reddit.com/r/Bitcoin/comments/lqx3a0/my_81_year_old_dad_just_bought_the_dip/goivpeq/', 'While also lengthening his own. Win win', 'lqx3a0'], ['u/MyLifeForBalance', 69, '2021-02-24 00:55', 'https://www.reddit.com/r/Bitcoin/comments/lqx3a0/my_81_year_old_dad_just_bought_the_dip/goivwbo/', "My 87 year old grandfather bought in at 43,420 shortly after the tesla announcement, let's go boys!!", 'lqx3a0'], ['u/MikeMiller8888', 11, '2021-02-24 02:20', 'https://www.reddit.com/r/Bitcoin/comments/lqx3a0/my_81_year_old_dad_just_bought_the_dip/goj5yfh/', 'No. More like the beginning of the next leg up in the bull. You need to get like 5 to 10 times higher than the previous ATH anyways, which is why we’re all targeting $100-$200k per bitcoin.', 'lqx3a0']]], ['u/greensymbiote', 'BFT/Paysafe merger. Foley says "before the 31st of March."', 159, '2021-02-24 01:01', 'https://www.reddit.com/r/SPACs/comments/lqxctw/bftpaysafe_merger_foley_says_before_the_31st_of/', 'Transcript of earnings call published today -Bill Foley: "BFT, which is we\'ve now gone through, we just finished our third round of comments on BFT, we\'re hopeful that we\'ll be going effective with the SEC sometime in the next 10 days or so. And then the shareholders the proxy we file we go through the shareholder vote and we will de-SPAC.\n\n"In our target date, for that if we hit our milestones, and who knows, sometimes you get hung up on various things, Paysafe should be or BFT should be de-SPAC sometime before the 31st of March."\n\nFoley describes Paysafe and Alight as, "examples of companies that serve multi trillion dollar industries, which offer tremendous potential for future growth through continued scale and transformation led by technology initiatives."\n\n"We are confident in our approach to sourcing transactions, demonstrating our discipline, value-based approach, which we believe ultimately delivers superior long-term returns to our shareholders over market cycle."\n\nSome highlights on BFT/Payafe for those unaware:\n\n• Proprietary scalable electronic payment platform used by Draftkings, Roblox, Youtube, Coinbase, Visa, Fortnight, Amazon, ApplePay, Twitch, Microsoft, Xbox, Spotify, Amelco, William Hill, Golden Nugget, Ceasar’s Entertainment, Betfair, PayLease, Vanilla Direct, MindBody, ESL Gaming, Luckbox etc.\n\n• $1.5Billion revenue / $103Billion transactional volume (2021E)\n\n• $560 Million EBITDA (2021E) “forecast to rise significantly by 2023. Its projections show $744 million in adjusted EBITDA on 2023 revenue of $1.881 billion. That represents an EBITDA margin of 39.55%.” (21% CAGR)\n\n• 10-15X growth projected in iGaming (currently 34% Paysafe revenue). US iGaming continues to be legalized state by state, growing revenue by 234% in just the last year. “At Paysafe, the iGaming market volume was estimated to be $3.4 billion in 2019, and is now projected to reach $47 billion in 2025.”\n\n• Recently launched Paysafecash in US. Now in 40 currencies and 30 global markets for easier cross border payments\n\n• Enabled for cryptocurrencies (Bitcoin, Bitcoin Cash, Ripple, Ether, Litecoin, EOS, XLM, XRP etc.)\n\n• Paysafe owns Openbucks, Neteller and Skrill, 2019 winner “Best Digital Wallet” for best consumer take up and most innovative technology with “greatest potential to disrupt current ecosystems”. “Digital wallet and mobile payments operator Skrill, part of Paysafe Group, has also enabled an instant crypto-to-crypto feature. Skrill users no longer have to convert their crypto holdings back into fiat currencies before buying another cryptocurrency.”\n\n• Highly differentiated B2B and B2C global network\n\n• Strong 80% adj. cash conversion business model with no significant capex or balance sheet requirements\n\n• 2017-2019 revenue grew from $800 Million to $1.4Billion (27%CAGR- including impact of acquisitions)\n\n• 2019 Gross profit of $909 million (excluding depreciation and amortization)\n\n• High ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['CRYPTO PRICE-TREND PREDICTOR AVAILABLE BY SUBSCRIPTION TORONTO, ON / ACCESSWIRE / February 24, 2021 / DigiCrypts Blockchain Solutions Inc. o/a DIGIMAX GLOBAL SOLUTIONS (the " Company " or " DigiMax ") (CSE:DIGI) is pleased to announce that its Crypto Price-Trend Indicator App, being launched under the brand name CryptoDivine.ai , is now available for public use. As of today, CryptoDivine.ai is available for access through the website www.CryptoDivine.ai . CryptoDivine.ai has several functions that assist both novice and experienced crypto traders that include: 8 proprietary technical trading indicators A DigiMax proprietary Crypto Price-Trend Indicator for each cryptocurrency we analyse, continuously updated and trained on our machine learning "Ticker Regime" platform. Ability to choose Bitcoin or Ethereum Ability to toggle between hourly or daily indicators 24/7 functionality Ability to toggle between different information screens 24/7 Email notification of change indications During the next 90 days, DigiMax expects to add several other functions and improvements to the application. The application is available for subscription immediately for US$29.95 per month, with a 7-day free trial. The subscription can be easily canceled and renewed inside the App at any time at the push of a button, and billing will not recur the following month. Effective June 1, the subscription price is expected to increase to $99.95 per month with price breaks for 6-month and 12-month subscribers. Please note, this is a predictive indicator application and NOT a trading platform. DigiMax can help you find an appropriate trading platform, but this App does not perform direct trades. About DigiMax DigiMax is based in Toronto and is the first Company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and own a registered Dealer. Canada, DigiMax Capital Corp is an Exempt Market Dealer registered in Ontario. Story continues The Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence through collaborative partnerships in the USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea, and Malta. Contacts DigiMax: Martti Kangas Investor Communications 647-521-9261 [email protected] Chris Carl President & CEO 416-312-9698 [email protected] Cautionary Note Regarding Forward-looking Statements NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE This press release contains "forward-looking statements." Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the Company closing one or more additional tranches of the Offering. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the completion and timing of the Offering, CSE approval of the Offering, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. SOURCE: DigiMax Global Solutions View source version on accesswire.com: https://www.accesswire.com/631871/DigiMax-Launches-CryptoDivineai', 'CRYPTO PRICE-TREND PREDICTOR AVAILABLE BY SUBSCRIPTION\nTORONTO, ON / ACCESSWIRE / February 24, 2021 / DigiCrypts Blockchain Solutions Inc. o/a DIGIMAX GLOBAL SOLUTIONS(the "Company" or "DigiMax")(CSE:DIGI)is pleased to announce that its Crypto Price-Trend Indicator App, being launched under the brand nameCryptoDivine.ai, is now available for public use.\nAs of today, CryptoDivine.ai is available for access through the websitewww.CryptoDivine.ai.\nCryptoDivine.ai has several functions that assist both novice and experienced crypto traders that include:\n• 8 proprietary technical trading indicators\n• A DigiMax proprietary Crypto Price-Trend Indicator for each cryptocurrency we analyse, continuously updated and trained on our machine learning "Ticker Regime" platform.\n• Ability to choose Bitcoin or Ethereum\n• Ability to toggle between hourly or daily indicators\n• 24/7 functionality\n• Ability to toggle between different information screens\n• 24/7 Email notification of change indications\nDuring the next 90 days, DigiMax expects to add several other functions and improvements to the application.\nThe application is available for subscription immediately for US$29.95 per month, with a 7-day free trial. The subscription can be easily canceled and renewed inside the App at any time at the push of a button, and billing will not recur the following month. Effective June 1, the subscription price is expected to increase to $99.95 per month with price breaks for 6-month and 12-month subscribers.\nPlease note, this is a predictive indicator application and NOT a trading platform. DigiMax can help you find an appropriate trading platform, but this App does not perform direct trades.\nAbout DigiMax\nDigiMax is based in Toronto and is the first Company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and own a registered Dealer. Canada, DigiMax Capital Corp is an Exempt Market Dealer registered in Ontario.\nThe Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence through collaborative partnerships in the USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea, and Malta.\nContacts DigiMax:\nMartti KangasInvestor [email protected]\nChris CarlPresident & [email protected]\nCautionary Note Regarding Forward-looking Statements\nNEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE\nThis press release contains "forward-looking statements." Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the Company closing one or more additional tranches of the Offering.\nForward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the completion and timing of the Offering, CSE approval of the Offering, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and fi
**Last 60 Days of Bitcoin's Closing Prices:**
[26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-02-25
**Financial & Commodity Data:**
- Gold Closing Price: $1774.40
- Crude Oil Closing Price: $63.53
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $927,963,680,400
- Hash Rate: 168466366.12287825
- Transaction Count: 326116.0
- Unique Addresses: 830544.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.79
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Tesla CEO Elon Musk added the hashtag #bitcoin to his Twitter bio today,prompting the cryptocurrency’s value to jump once again, standing at $38,500 mid-day — an 18% jump.
See:Robinhood Blocks Traders on Reddit and Beyond from Buying GameStop Stock – Make Sense of the Market MayhemFind:Short Tweet from Elon Musk Sends Random Stock Soaring
Bitcoin finally broke the $20,000 ceiling in December, as demand from institutional investors rapidly increased, and it broke an all-time high of $40,000 on January 7.
Other big names have jumped on the Bitcoin bandwagon this week, including Ray Dalio, founder of Bridgewater Associates, one of the largest hedge funds with $138 billion in assets under management. In a note published on the firm’s website, Dalio said yesterday he believes Bitcoin is “one hell of an invention.”
See:Mark Cuban: “Bitcoin is Exactly like the Dot Com Bubble”Find:Bitcoin’s Bull Run Is on a Rampage — But How Long Will It Last?
“Those who have built it and supported the dream of making this new kind of money a reality have done a fabulous job of sustaining that dream and moving Bitcoin (by which I mean it and its analogous competitors)into being an alternative gold-like asset,” Dalio writes.
“There aren’t many alternative gold-like assets at this time of rising need for them (because of all the debt and money creations that are underway and will happen in the future). Because of what is going on in the world, besides there being a growing need for money or storehold of wealth assets that are limited in supply, there is also a growing need for assets that can be privately held…There exists the possibility that Bitcoin and its competitors can fill that growing need.”
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This article originally appeared onGOBankingRates.com:One Hashtag from Elon Musk Makes Bitcoin Spike in Minutes...
- Reddit Posts (Sample): [['u/jobuthestinkyfoot', 'AABB IS NOT A SCAM - MORE DD', 233, '2021-02-25 00:01', 'https://www.reddit.com/r/pennystocks/comments/lrpngw/aabb_is_not_a_scam_more_dd/', 'Earlier today a two-part post was made describing (in pictures lol) that the OTC ticker AABB was a scam, causing a massive selloff. At the same time these posts were made, 10-15 bear accounts raided the StockTwits message board spreading the same fear in a clearly coordinated and planned attack.\n\nOnce the stock found a bottom, buy activity commenced, the bears vanished, and the reddit scam posts were removed.\n\nReddit was taken advantage of, yet again, by the market makers and hedge funds causing many redditors to sell in panic and lose their money.\n\nI want to provide some counter points to the scam article, to explain a) why I believe this company is not a scam and b) why I believe this company is a solid investment.\n\n* They have fabricated financials and history. - NOT TRUE\n\nhttps://backend.otcmarkets.com/otcapi/company/financial-report/263765/content - September 2020 filings. Notice the securities counsel attesting to the validity of the filings.\n\nSecurities Counsel\n\nFirm: Poole & Shaffery LLP\n& Economics\nCo. Ltd.\nAsia Broadband Inc. - Quarterly Disclosure September 30, 2020 Page 21 of 22\nAddress 1: 25350 Magic Mountain Parkway\nAddress 2: Santa Clarita, CA 91355\nPhone: (855) 997-7522\nEmail: info@ pooleshaffery.com\n\nhttps://www.pooleshaffery.com/ - NOT A FAKE LAW FIRM, IN FACT QUITE REPUTABLE.\n\nSeems the are current actually, expect to see Q4 financials soon. Early in the history they reported losses - scammers reporting losses? makes no sense.\n\n* Why would a scam company commit publicly to an audit of all financials for uplist to OTCQB - if they in fact were a scam with fraudulent books?\n\nPublic commitment PR: https://www.globenewswire.com/news-release/2021/02/04/2169953/0/en/Asia-Broadband-Updates-Auditor-Status-For-Uplist-Qualification.html\n\nEngaged firm https://www.turnerstone.com/ - NOT A FAKE ACCOUNTING FIRM, IN FACT QUITE REPUTABLE\n\n* The leadership team doesn\'t exist, fake people. Enter James Gilbert.\n\nhttps://www.linkedin.com/in/james-gilbert-btresourcesllc/ - speaks spanish, accomplished mining executive, wharton grad, currently a mining consultant "Providing strategy, management and financing/transaction consulting services to the mining and metals industry."\n\nWhy is he not out there publicly? They mine in cartel territory in mexico, so leadership and the company wants to remain a bit closed lip to protect the privacy and safety of the team. Additionally, Chinese businesses are notoriously private. Do some DD here and you will see what is going on plain as day. IR company has stated exactly this to investors asking for access to leadership. (BTW Integrity Media is the IR firm http://www.integritymedia.com/ - NOT A FAKE IR FIRM, IN FACT QUITE REPUTABLE)\n\n* Stock photos/mine locations etc... \n\nThis is a MINING company that has a crappy website - it\'s not uncommon for pennies to not have the greatest web presence, but it\'s ok bc they are MINING not web development. They have ack\'d this and are in the process of fixing their web presence and the aabbgoldtoken.com website and asiametals.\n\n* They have no mines, it\'s all bullshit. - NOT TRUE\n\nPR: https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html\n\nCorroborated by Mexican m&a activity report from another reputable investment bank - Seale and Associates on M&A activity in mexico. https://www.sealeassociates.com/\n\nhttp://webcache.googleusercontent.com/search?q=cache:dTLBRe8j6xsJ:mnamexico.com/wp-content/uploads/2021/02/Reporte-Mensual-01-2021-ENG.pdf+&cd=2&hl=en&ct=clnk&gl=us\n\n>"Qiangda Investments & Economics & Co.,Ltd., a Chinese holding company that focuseson the mining sector, announced the >acquisition of an additional 50.0% stake in theGuerrero Gold Belt Mine and Facilities inMexico from Asia Metals Inc., an >Americanmining company, for US$82.0 million"\n\n* The coin is fake - there is no app. - NOT TRUE\n\nhttps://etherscan.io/address/0xb8635f02398f27297a58b2833e06bfb987b028d8 - the AABBG coin, note the testing transactions from yesterday per the PR from AABB in conjunction with CoreStateHoldings - the developer.\n\nhttps://www.globenewswire.com/news-release/2021/02/23/2180436/0/en/Asia-Broadband-Gold-Backed-Cryptocurrency-Token-Development-Update.html\n\n* Corestateholdings is fake or scammers. - NOT TRUE\n\nReally? \nhttps://ptpwallet.com/ looks pretty legit. Ptpwallet is on android and ios. \nThey run https://cannasos.com/ - looks pretty legit. \n\nI don\'t see how you can call these guys fake- they looks like a development shop that would be contracted to help a miner launch crpyto. the coin is also proven real.\n\n* The coin isn\'t backed by gold - MISLEADING\n\nIn an attempt to be transparent the company has listed the legal disclaimer with the coin - including language that says in effect the coin is not backed by hard assets or credit. This means that you cannot redeem the coin for gold (they won\'t send it to you) and you can\'t get FIAT credit for your token from AABB. This doesn\'t mean though that the currency is not itself backed by gold reserves already mined and to be mined. It just covers the legal stance that AABB isn\'t going to mail you gold if you buy the token. Seems pretty standard legalese to me. BTW bitcoin doesn\'t have similar disclosures, would love to see that transparency....\n\nThere is more DD we can get into here, but the core arguments made is that this company is a giant scam, and the evidence, corroboration disproves that thesis pretty substantially.\n\nThe level of felony conspiracy and coordinated, flawless scam execution across multiple companies, law firms, IR firms, accounting firms with reputation on the line at this stage in the game is laughable if not tactically impossible to pull off.\n\nAABB has money, gold, increasing awareness, and many upcoming catalysts including audit/uplist, coin launch, future mine development, shareholder dividend prospects etc... where they lack in easily accessible transparency is made up in potential for giant gains here.\n\nTurns out, AABB looks as real as it gets in OTC land. Those who invested should do so knowing there is always risk, and do their own DD. Just don\'t get played so easily.\n\nCheers.', 'https://www.reddit.com/r/pennystocks/comments/lrpngw/aabb_is_not_a_scam_more_dd/', 'lrpngw', [['u/PsycheRevived', 10, '2021-02-25 03:04', 'https://www.reddit.com/r/pennystocks/comments/lrpngw/aabb_is_not_a_scam_more_dd/gonnux6/', "Thank you for this. I'm not sure if that post was the only reason for the sell-off, but it definitely didn't help. We'll see if it rebounds tomorrow. I want it to, but I'm worried it lost a ton of momentum for no reason.", 'lrpngw'], ['u/bosoxthirteen', 74, '2021-02-25 03:20', 'https://www.reddit.com/r/pennystocks/comments/lrpngw/aabb_is_not_a_scam_more_dd/gonpvuj/', 'That post caused it to drop? \n\n \nBold. \n\n​\n\nThat stock had volume for days.', 'lrpngw'], ['u/BioSemantics', 32, '2021-02-25 04:00', 'https://www.reddit.com/r/pennystocks/comments/lrpngw/aabb_is_not_a_scam_more_dd/gonv4eg/', "This DD amounts to 'look at this thing, looks legit right?' The bear-DD did a way better job of pointing out problems that this DD doesn't solve. \n\nThe whole concept is pretty iffy to begin with. They are 'backing' their coins with gold, but not really backing them in the sense you get to trade it for gold. So just the basic premise is already defunct.\n\nJust about anyone with a basic understanding of monetary policy history will tell you that gold-backed currency is nonsense and bad overall in the long run for any currency. Its inflexible and doesn't allow for the kind of growth fiat currency does. That is just a matter of historical fact. You can only have so much gold in the world and gold only has so much worth to it. What happens when their mine runs dry? Or when the cartel in that area wants a piece? Are they just going to sit on the gold? What are they going to do with it while pretending their crypto has backing (especially if they don't have to actually give you gold)? \n\nThis is the worst crossing of goldbuggery + cryptocurrency imaginable. \n\nIf you like crypto, cool, just know that it doesn't really work like currency and its more like a volatile penny stock than it is like a currency. I could go more into why fiat currency works as well as it does, but the angry 'inflation is coming, run for the hills'-types are already mad right now and wouldn't leave me alone, so I won't. \n\nIf you're a goldbug, your time to shine was about a hundred years ago. Your gold is gonna be worthless if shit actually hits the fan. Its only worth something now because modern society arbitrarily values it beyond its actual functional worth. The only nice thing about gold is basically that there are still lots of goldbugs who like to collect it and the price goes up occasionally. Its virtually useless in any sort of emergency scenario. When the mad max-style marauders come for you, they are coming for food, guns, fuel, and maybe you, if your mouth is pretty enough. They won't want your shitty heavy-ass gold. \n\nThis is not financial advice. I have no position in AABB, no options, nothing.", 'lrpngw'], ['u/CadderlySoaring', 10, '2021-02-25 04:21', 'https://www.reddit.com/r/pennystocks/comments/lrpngw/aabb_is_not_a_scam_more_dd/gonxqv7/', "You have like 5 comments in your entire post history. You have 3 new posts in your entire post history. And they're pretty much all about AABB. And you're a subscriber to the AABB sub. \n\nSorry you're bag holding now but it's really scummy you're trying to rob more people with this scam sto...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, slid by 5.14% on Thursday. Reversing 1.71% gain from Wednesday, Bitcoin ended the day at $47,162. A mixed start to the day saw Bitcoin rise to an early morning high $50,900.0 before hitting reverse. Falling short of $51,000 levels and the major resistance levels, Bitcoin fell to a late morning low $48,673.0. Steering clear of the first major support level at $47,294, Bitcoin bounced back to an early afternoon intraday high $52,189.0. Bitcoin broke through the first major resistance level at $51,746 before sliding to a late intraday low $46,750.0. The late sell-off saw Bitcoin fall through the first major support level at $47,294. A late move back through to $47,100 levels reduced the deficit on the day, however. The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Cardano’s ADA and Crypto.com Coin rose by 2.49% and by 5.21% respectively to buck the trend on the day. It was a bearish day for the rest of the majors, however. Chainlink slid by 12.38% to led the way down. Binance Coin (-7.82%), Ethereum (-8.78%), and Ripple’s XRP (-6.93%) also saw relatively heavy losses. Bitcoin Cash SV (-0.70%), Litecoin (-1.17%) and Polkadot (2.02%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,372.14bn. Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Wednesday low 61.25%. At the time of writing, Bitcoin’s dominance stood at 62.61%. This Morning At the time of writing, Bitcoin was down by 2.25% to $46,101.0. A mixed start to the day saw Bitcoin rise to an early morning high $47,638.4 before sliding to a low $45,858.0 Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day for the broader crypto market. At the time of writing, Crypto.com Coin was down by 10.63% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $48,700 to bring the first major resistance level at $50,651 into play. Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels. Barring an extended crypto rally, the first major resistance level and resistance at $51,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $54,139. Failure to move through the $48,700 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $45,212 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $43,261. This article was originally posted on FX Empire More From FXEMPIRE: Gold Prices Tumble as US Yields Surge to 1-year High EUR/USD Mid-Session Technical Analysis for February 25, 2021 GBP/USD Price Forecast – British Pound Stalling at Major Resistance Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 26th, 2021 Silver Price Forecast – Silver Markets Sit Under Same Big Figure GBP/JPY Price Forecast – British Pound Breaking 150 Yen', 'Bitcoin , BTC to USD, slid by 5.14% on Thursday. Reversing 1.71% gain from Wednesday, Bitcoin ended the day at $47,162. A mixed start to the day saw Bitcoin rise to an early morning high $50,900.0 before hitting reverse. Falling short of $51,000 levels and the major resistance levels, Bitcoin fell to a late morning low $48,673.0. Steering clear of the first major support level at $47,294, Bitcoin bounced back to an early afternoon intraday high $52,189.0. Bitcoin broke through the first major resistance level at $51,746 before sliding to a late intraday low $46,750.0. The late sell-off saw Bitcoin fall through the first major support level at $47,294. A late move back through to $47,100 levels reduced the deficit on the day, however. The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Cardano’s ADA and Crypto.com Coin rose by 2.49% and by 5.21% respectively to buck the trend on the day. It was a bearish day for the rest of the majors, however. Chainlink slid by 12.38% to led the way down. Binance Coin (-7.82%), Ethereum (-8.78%), and Ripple’s XRP (-6.93%) also saw relatively heavy losses. Bitcoin Cash SV (-0.70%), Litecoin (-1.17%) and Polkadot (2.02%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,372.14bn. Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Wednesday low 61.25%. At the time of writing, Bitcoin’s dominance stood at 62.61%. This Morning At the time of writing, Bitcoin was down by 2.25% to $46,101.0. A mixed start to the day saw Bitcoin rise to an early morning high $47,638.4 before sliding to a low $45,858.0 Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day for the broader crypto market. At the time of writing, Crypto.com Coin was down by 10.63% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $48,700 to bring the first major resistance level at $50,651 into play. Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels. Barring an extended crypto rally, the first major resistance level and resistance at $51,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $54,139. Failure to move through the $48,700 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $45,212 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $43,261. This article was originally posted on FX Empire More From FXEMPIRE: Gold Prices Tumble as US Yields Surge to 1-year High EUR/USD Mid-Session Technical Analysis for February 25, 2021 GBP/USD Price Forecast – British Pound Stalling at Major Resistance Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 26th, 2021 Silver Price Forecast – Silver Markets Sit Under Same Big Figure GBP/JPY Price Forecast – British Pound Breaking 150 Yen', 'Scientists at the U.S. Department of Energy (DOE) are asking the private sector for help in commercializing a super-powerful cryptojacking detection algorithm that government officials believe can help datacenters overcome crypto-mining malware.\nDisclosed but sparsely described in a Feb. 23contract opportunity, the technology can sniff out illicit mining software, which harness hosts’ spare computing power to mine cryptocurrencies with extreme accuracy. This detection software combats the “increasing threat” of burrowed cryptojacking malware, an expensive specter DOE said menaces data centers globally.\nIndeed, cryptojackers have been caught hijacking data farms, government computers,major banks,medical research supercomputers, andhundreds of websitesto mine crypto, netting their developers millions of dollars – often in privacy coins likemonero. They cost their developers nothing but can drain electricity and computing resources from unwitting victim hosts.\nRelated:Bitcoin Is Trading at a 46% Premium on Luno Nigeria After Central Bank Ban\nDOE officials at the Idaho National Laboratory are now keen to head off cryptojackers by offering their detection technology to private sector partners.\nHere’s how the tech works in (relatively) simple terms: DOE’s invention scans legitimate-seeming data processing applications for hidden cryptojackers that otherwise turn entire datacenters into zombie cryptocurrency mining farms. It spots these exploits reliably using a deep learning mechanism that researchers say is far more accurate than up/down vetting known as binary classification.\nHere’s how it works: “This invention is a rapid test based on machine translation to verify a binary submitted for execution on a datacenter system is free of cryptocurrency mining malware. It uses the attention mechanism in deep learning to accurately and reliably detect cryptocurrency malware surreptitiously deployed on high performance computing (HPC) systems. This approach is via machine translation rather than binary classification,” the contract opportunity read.\nIn August, scientists at DOE’s Los Alamos National Laboratory unveiled a neural network they said could detect cryptojackers faster and more reliably than non-AI methods.\nRelated:NBA Top Shot Overwhelmed by Demand in Record $1M Pack Drop\nRead more:Los Alamos Scientists Develop AI to Fight Cryptojacking\n“This type of software watchdog will soon be crucial to prevent cryptocurrency miners from hacking into high-performance computing facilities and stealing precious computing resources,” government researcher Gopinath Chennupatisaidat the time.\nIt was not immediately clear if the technology DOE now hopes to license out is related to the Los Alamos invention. DOE representatives did not immediately respond to CoinDesk queries.\nThe juicy details underlying DOE’s invention rest behind a firewall that only prospective partners can access. But it is those corporate peers that DOE hopes to woo in an effort to develop and ultimately commercialize the early-stage cryptojacking detection algorithm.\n• US Ene
**Last 60 Days of Bitcoin's Closing Prices:**
[27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-26
**Financial & Commodity Data:**
- Gold Closing Price: $1728.10
- Crude Oil Closing Price: $61.50
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $858,748,782,938
- Hash Rate: 150107851.8658979
- Transaction Count: 306416.0
- Unique Addresses: 817077.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Bloomberg) -- Bitcoin is homing in on $29,000 as the worlds largest cryptocurrency pushes its mindnumbing rally in 2020 past 300%. The digital asset surged above $28,840 as of 3:44 p.m. Wednesday to a record. In December alone, Bitcoin has surged almost 50%, putting it on track for its biggest monthly gain since 2019. Bitcoin has now quadrupled in value this year amid the global coronavirus pandemic, while the wider Bloomberg Galaxy Crypto Index tracking the largest digital currencies is up about 270% as rival coins such as Ether have also rallied. The latest price surge continues to divide opinion between those who view cryptocurrencies as a hedge against dollar weakness and inflation risk, and others who question Bitcoins validity as an asset class given its speculative nature and boom-and-bust cycles. Read more: Bitcoin Crushes Doubters as 224% Rally Proves Its Here to Stay While a growing institutional presence has been part of the narrative of the current bull run, we may see increased retail interest in Bitcoin as a form of digital gold, Paolo Ardoino, chief technology officer of crypto exchange Bitfinex said in an email. Regulatory concerns also remain a wider factor for crypto investors. The Securities and Exchange Commission this month accused Ripple Labs Inc. and its top executives of misleading investors in affiliated token XRP. While Ripple plans to challenge the accusation in the courts, the development underscores the prospect of stricter oversight of digital assets. XRP has plummeted almost 70% this month and faces further pressure with Coinbase the latest exchange to announce plans to suspend trading in the token. (A previous version of this story was corrected to fix the price of Bitcoin in second paragraph.) For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P. View comments...
- Reddit Posts (Sample): [['u/pinoygs', "Ok. What's the catch?", 27, '2021-02-26 00:08', 'https://www.reddit.com/r/nanocurrency/comments/lsjmpc/ok_whats_the_catch/', "Our business started accepting Bitcoin years ago due to a customer's suggestion to bypass both Paypal and Western Union (expensive fees). At that time, it made sense since BTC transfers were cheap. \n\nWith Nano being feeless and instant (businesses love this and yes, we've personally tried it out), it seems too good to be true. What are the cons / possible attacks against Nano?", 'https://www.reddit.com/r/nanocurrency/comments/lsjmpc/ok_whats_the_catch/', 'lsjmpc', [['u/SenatusSPQR', 18, '2021-02-26 10:27', 'https://www.reddit.com/r/nanocurrency/comments/lsjmpc/ok_whats_the_catch/got9ntd/', 'It\'s very much like accepting Bitcoin as a business. The disadvantages are that the price can fluctuate, and might even fluctuate *during* the transfer. It\'s also probably slightly more complicated for tax purposes to use crypto than non-crypto, I\'d assume.\n\nThat being said, the reason Nano is a great option is that:\n\n* It\'s feeless. That\'s probably exactly why the customer suggested Bitcoin way back, but Nano will forever be feeless.\n* It\'s instant. This does a lot to "solve" the volatility issue, since you receive Nano instantly and can instantly send it to an exchange to convert it into a fiat currency of your choice, if you so prefer.\n\nIronically the biggest con so far of Nano in general is that while is functions fantastically as a currency, there aren\'t that many places to actually spend/use it. Either way, seems you understand the appeal of it :)', 'lsjmpc'], ['u/AmbitiousPhilosopher', 12, '2021-02-26 10:50', 'https://www.reddit.com/r/nanocurrency/comments/lsjmpc/ok_whats_the_catch/gotb3j0/', "The catch is, there aren't many places that accept it yet.", 'lsjmpc']]], ['u/-MercuryOne-', 'Pi Day 2021 Action Plan', 25, '2021-02-26 00:10', 'https://www.reddit.com/r/PiNetwork/comments/lsjnpq/pi_day_2021_action_plan/', 'Most of you have probably seen the “Pi Day Art Celebration” on the app right now. It’s stupid and useless. We can do something better. \n\nElon Musk (@elonmusk) has 48 million followers on Twitter. Everything he says there gets thousands of replies and retweets, and hundreds of thousands of likes. Regardless of whether he is a genius or a clown, his words move markets. Bitcoin and Dogecoin both spiked in value recently after he mentioned them. \n\nSo here’s my idea: March 12, 13, and 14 (Friday through Sunday) we repeatedly reply to all of his tweets and we talk about the Pi Network. It doesn’t matter what we say exactly (use the standard referral code invitation or say whatever you want), but we have to use the hashtags #PiNetwork (obviously) and #PiDay (because math teachers will have it trending anyway). \n\nIf Elon Musk joins Pi and encourages others to do so we will get to 100 million members in just a few days. Even if he denounces it as a scam the result won’t be much different, masses of people will still join anyway. If he ignores it altogether we will still have huge gains in membership as readers will be curious about what Pi is after seeing thousands of people talking about it. \n\nWe can do this. Spend the next two weeks spreading the word in your earning team chats and the other Pi app chats, here on Reddit, Discord, Facebook, wherever. Then March 12-14 we hit Twitter, and we hit it hard.', 'https://www.reddit.com/r/PiNetwork/comments/lsjnpq/pi_day_2021_action_plan/', 'lsjnpq', [['u/alwaysin64', 10, '2021-02-26 00:36', 'https://www.reddit.com/r/PiNetwork/comments/lsjnpq/pi_day_2021_action_plan/gorou18/', "I think i mentioned musk in the subs before. If he joins Pi net then this crypto will go 🚀🚀🚀\n\nThat's a good idea buzzing musk's tweet to catch his attention. But i think it would be better not to spam him with referralcodes. Just tweet something about Pi net then that's it.", 'lsjnpq']]], ['u/Nosliwpilf', 'What happened to my Blockchain gains?!', 19, '2021-02-26 00:12', 'https://www.reddit.com/r/RiotBlockchain/comments/lsjpeu/what_happened_to_my_blockchain_gains/', "Someone tell it's gonna come back lol, Bitcoins bounced back a bit but Riot keeps dipping. What's happening?", 'https://www.reddit.com/r/RiotBlockchain/comments/lsjpeu/what_happened_to_my_blockchain_gains/', 'lsjpeu', [['u/OkRip237', 12, '2021-02-26 00:16', 'https://www.reddit.com/r/RiotBlockchain/comments/lsjpeu/what_happened_to_my_blockchain_gains/gormc5y/', "It's killing me too. All my stocks crashed today.", 'lsjpeu'], ['u/Nosliwpilf', 11, '2021-02-26 00:48', 'https://www.reddit.com/r/RiotBlockchain/comments/lsjpeu/what_happened_to_my_blockchain_gains/gorqax8/', "Same just sitting here holding, hoping my wife don't see all my red lol", 'lsjpeu'], ['u/imzippy88', 10, '2021-02-26 02:54', 'https://www.reddit.com/r/RiotBlockchain/comments/lsjpeu/what_happened_to_my_blockchain_gains/gos5gep/', 'Lets hope a quick turnaround..💎💎💎', 'lsjpeu']]], ['u/Smart-Worry-7542', 'US Yields Explode - why? what does it mean for bitcoin?', 19, '2021-02-26 00:13', 'https://www.reddit.com/r/Bitcoin/comments/lsjqn5/us_yields_explode_why_what_does_it_mean_for/', 'people in markets are obsessed with bonds. they seem important. i kind of know what they are. but can someone please explain what happened today... why did yields jump and what is its significance? also, what is the importance of this in relation to bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/lsjqn5/us_yields_explode_why_what_does_it_mean_for/', 'lsjqn5', [['u/konokonohamaru', 20, '2021-02-26 00:23', 'https://www.reddit.com/r/Bitcoin/comments/lsjqn5/us_yields_explode_why_what_does_it_mean_for/gorn8em/', "Yields are going up because many people think inflation is coming. If you think inflation is coming, you don't want to hold fixed-income assets like bonds. Since people don't want to hold bonds, the yield has to go higher to attract anyone into them. The yield is like the opposite of the price of a bond. Price of bonds go down -> yield goes up.\n\nShould be bullish for bitcoin. Bad for stocks where anticipated cash flows are far out in the future (i.e. growth stocks), because when yields are high or inflation is high, the present value of those future cash flows is reduced.", 'lsjqn5']]], ['u/0-94au', 'Are small investments worth it?', 10, '2021-02-26 00:23', 'https://www.reddit.com/r/BitcoinBeginners/comments/lsjxlx/are_small_investments_worth_it/', 'I was considering investing some money into bitcoin. Are small investments of lets say a couple hundred dollars even worth it?', 'https://www.reddit.com/r/BitcoinBeginners/comments/lsjxlx/are_small_investments_worth_it/', 'lsjxlx', [['u/bitusher', 10, '2021-02-26 00:32', 'https://www.reddit.com/r/BitcoinBeginners/comments/lsjxlx/are_small_investments_worth_it/goroeek/', 'absolutely', 'lsjxlx'], ['u/null-count', 18, '2021-02-26 02:11', 'https://www.reddit.com/r/BitcoinBeginners/comments/lsjxlx/are_small_investments_worth_it/gos0e4y/', 'Let [this website](https://bitcoinorshit.com) answer your question.', 'lsjxlx'], ['u/Bossmoss599', 11, '2021-02-26 03:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/lsjxlx/are_small_investments_worth_it/gos83m4/', 'This is the best thing ever. Using this to convince my wife and her boyfriend to get Bitcoin.', 'lsjxlx']]], ['u/Itsme66604', 'Bitcoin and crypto is a scam', 15, '2021-02-26 00:23', 'https://www.reddit.com/r/conspiracy/comments/lsjy88/bitcoin_and_crypto_is_a_scam/', 'Do you really think bankers would allow such a large financial tool to undermine their power? Lmfao they probably helped fund develop it so people pour their money in, then crash it or use it to bring in a cashless society.', 'https://www.reddit.com/r/conspiracy/comments/lsjy88/bitcoin_and_crypto_is_a_scam/', 'lsjy88', [['u/JD2105', 12, '2021-02-26 00:48', 'https://www.reddit.com/r/conspiracy/comments/lsjy88/bitcoin_and_crypto_is_a_scam/gorqe54/', "Crypto is the only type of money that the government can't pry from your hands if you are smart with it. Unless they have the seed/password information for your wallet, they cant touch it, and that scares them. If they tried to outlaw or regulate it more it would only backfire, and then the other competing superpowers around the world would be ahead of adopting it. The money in your bank account is digital too, but the government can reach their fingers into their and take it from you should they wish", 'lsjy88'], ['u/telepathicworkshop', 22, '2021-02-26 00:59', 'https://www.reddit.com/r/conspiracy/comments/lsjy88/bitcoin_and_crypto_is_a_scam/gorrnt3/', 'Disagree but nice try. You know Bitcoin has been around since 2009 right? You sound like someone who just found out about crypto.', 'lsjy88'], ['u/theinfinitelight', 10, '2021-02-26 01:39', 'https://www.reddit.com/r/conspiracy/comments/lsjy88/bitcoin_and_crypto_is_a_scam/gorwgsw/', "Do you really think they could stop it if they wanted to? It's not centralized, so there is no way to exert power and control over it", 'lsjy88']]], ['u/Alishaxx1', 'Where does one securely keep the trezor device? Seeds? Other than hiding it in the house??', 15, '2021-02-26 00:49', 'https://www.reddit.com/r/Bitcoin/comments/lskgwv/where_does_one_securely_keep_the_trezor_device/', 'The security of bitcoin will eventually drive me Mad and I dont even own a lot!!!😭😭😭😭😭', 'https://www.reddit.com/r/Bitcoin/comments/lskgwv/where_does_one_securely_keep_the_trezor_device/', 'lskgwv', [['u/damittydam', 23, '2021-02-26 00:53', 'https://www.reddit.com/r/Bitcoin/comments/lskgwv/where_does_one_securely_keep_the_trezor_device/gorr0et/', "Just get your seed phrase tattooed in Chinese. \n\nMaybe on your penis, for extra privacy.\n\nI know, I know....sometimes my genius, it's almost frightening.", 'lskgwv'], ['u/damittydam', 27, '2021-02-26 01:38', 'https://www.reddit.com/r/Bitcoin/comments/lskgwv/where_does_one_securely_keep_the_trezor_device/gorwd5q/', 'I hope you do see the irony of storing it i...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 1.77% on Friday. Following on from a 5.14% slide on Thursday, Bitcoin ended the day at $46,318.0. A mixed start to the day saw Bitcoin fall to a late morning intraday low $44,027.0 before making a move. The reversal saw Bitcoin fall through the first major support level at $45,212 and the 23.6% FIB of $45,501. Finding late morning support, Bitcoin rose to a late afternoon intraday high $48,441.0 before hitting reverse. Falling well short of the first major resistance level at $50,651, Bitcoin slid back to sub-$47,000 levels and into the red. Despite the late sell-off, Bitcoin avoided a fall back through the 23.6% FIB and the major support levels. The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Cardano’s ADA rallied by 15.62% to lead the way. Bitcoin Cash SV (+2.20%), Chainlink (+2.08%), and Polkadot (+2.42%) also ended the day in the green. It was a bearish day for the rest of the majors, however. Binance Coin (-5.50%), Crypto.com Coin (-6.87%), Litecoin (-5.07%) led the way down. Ethereum (-2.49%), and Ripple’s XRP (-1.54%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,417.61bn. Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Wednesday low 61.25%. At the time of writing, Bitcoin’s dominance stood at 62.03%. This Morning At the time of writing, Bitcoin was up by 1.75% to $47,130.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,173.0 before rising to a high $47,247.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the broader crypto market. Story continues Crypto.com Coin was down by 3.68% to buck the trend early on. It was a bullish start to the day for the rest of the majors, however. At the time of writing, Litecoin was up by 5.17% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $46,262 to bring the first major resistance level at $48,497 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $48,441.0. Barring an extended crypto rally, the first major resistance level and resistance at $49,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $50,676. Failure to avoid a fall back through the $46,262 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,083 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $41,848. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Fundamental Daily Forecast – Slight Rebound as Traders Book Profits Ahead of Weekend The Crypto Daily – Movers and Shakers – February 27th, 2021 USD/CAD Daily Forecast – Canadian Dollar Remains Under Strong Pressure European Equities: A Week in Review – 26/02/21 Natural Gas Price Prediction – Prices Rebound After Testing Support European Equities: A Month in Review – February 2021', 'Bitcoin, BTC to USD, fell by 1.77% on Friday. Following on from a 5.14% slide on Thursday, Bitcoin ended the day at $46,318.0.\nA mixed start to the day saw Bitcoin fall to a late morning intraday low $44,027.0 before making a move.\nThe reversal saw Bitcoin fall through the first major support level at $45,212 and the 23.6% FIB of $45,501.\nFinding late morning support, Bitcoin rose to a late afternoon intraday high $48,441.0 before hitting reverse.\nFalling well short of the first major resistance level at $50,651, Bitcoin slid back to sub-$47,000 levels and into the red.\nDespite the late sell-off, Bitcoin avoided a fall back through the 23.6% FIB and the major support levels.\nThe near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nCardano’s ADArallied by 15.62% to lead the way.\nBitcoin Cash SV(+2.20%),Chainlink(+2.08%), and Polkadot (+2.42%) also ended the day in the green.\nIt was a bearish day for the rest of the majors, however.\nBinance Coin(-5.50%),Crypto.com Coin(-6.87%),Litecoin(-5.07%) led the way down.\nEthereum(-2.49%), andRipple’s XRP(-1.54%) saw relatively modest losses on the day.\nIn the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,417.61bn.\nBitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Wednesday low 61.25%. At the time of writing, Bitcoin’s dominance stood at 62.03%.\nAt the time of writing, Bitcoin was up by 1.75% to $47,130.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,173.0 before rising to a high $47,247.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the broader crypto market.\nCrypto.com Coin was down by 3.68% to buck the trend early on.\nIt was a bullish start to the day for the rest of the majors, however.\nAt the time of writing, Litecoin was up by 5.17% to lead the way.\nBitcoin would need to avoid a fall back through the pivot level at $46,262 to bring the first major resistance level at $48,497 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Friday’s high $48,441.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $49,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $50,676.\nFailure to avoid a fall back through the $46,262 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,083 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $41,848.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Fundamental Daily Forecast – Slight Rebound as Traders Book Profits Ahead of Weekend\n• The Crypto Daily – Movers and Shakers – February 27th, 2021\n• USD/CAD Daily Forecast – Canadian Dollar Remains Under Strong Pressure\n• European Equities: A Week in Review – 26/02/21\n• Natural Gas Price Prediction – Prices Rebound After Testing Support\n• European Equities: A Month in Review – February 2021', 'Non-fungible tokens have been around for two years, but these NFTs, one-of-one digital items on the Ethereum and other blockchains, are suddenly becoming a more popular way to collect visual art primarily, whether it\'s an animated cat or an NBA clip or virtual furniture. "Suddenly" is hardly an overstatement. According to the outlet Cointelegraph, during the second half of last year, $9 million worth of NFT goods sold to buyers; during one 24-hour window earlier this week, $60 million worth of digital goods were sold. What\'s going on? A thorough New York Times piece on the trend earlier this week likely fueled new interest, along with a separate piece in Esquire about the artist Beeple, a Wisconsin dad whose digital drawings, which he has created every single day for the last 13 years, began selling like hotcakes in December. If you need further evidence of a tipping point (and it is ample right now), consider that the work of Beeple, whose real name is Mike Winkelmann, was just made available through Christie\'s . It\'s the venerable auction house\'s first sale of exclusively digital work. To better understand the market and why it\'s blowing up in real time, we talked this week with David Pakman, a former internet entrepreneur who joined the venture firm Venrock a dozen years ago and began tracking Bitcoin soon after, even mining the cryptocurrency at his Bay Area home beginning in 2015. ("People would come over and see racks of computers, and it was like, \'It\'s sort of hard to explain.\' ") Perhaps it\'s no surprise that he also became convinced early on of the promise of NFTs, persuading Venrock to lead the $15 million Series A round for a young startup, Dapper Labs , when its primary offering was CryptoKitties, limited-edition digital cats that can be bought and bred with cryptocurrency. While the concept baffled some at the time, Pakman has long seen the day when Dapper\'s offerings will be far more extensive, and indeed, a recent Dapper deal with the NBA to sell collectible highlight clips has already attracted so much interest that Dapper is reportedly right now raising $250 million in new funding at a post-money valuation of $2 billion. While Pakman declined to confirm or correct that figure, he did answer our other questions in a chat that\'s been edited here for length and clarity. Story continues TC: David, dumb things down for us. Why is the world so gung-ho about NFTs right now? DP: One of the biggest problems with crypto -- the reason it scares so many people -- is it uses all these really esoteric terms to explain very basic concepts, so let\'s just keep it really simple. About 40% of humans collect things -- baseball cards, shoes, artwork, wine. And there\'s a whole bunch of psychological reasons why. Some people have a need to complete a set. Some people do it for investment reasons. Some people want an heirloom to pass down. But we could only collect things in the real world because digital collectibles were too easy to copy. Then the blockchain came around and
**Last 60 Days of Bitcoin's Closing Prices:**
[27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-27
**Financial & Commodity Data:**
- Gold Closing Price: $1728.10
- Crude Oil Closing Price: $61.50
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $889,129,568,669
- Hash Rate: 169546278.72623003
- Transaction Count: 320784.0
- Unique Addresses: 775777.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: An India-based startup is coming for decentralized finance (DeFi) stalwart MakerDAO’s crown with the launch of its new “valuecoin.” MahaDAO’s ARTH algorithmic stablecoin is now live on the Ethereum mainnet, according to a press release shared with CoinDesk. ARTH will also go live on the Matic network at an undisclosed point in the future, the team said. The MahaDAO team defines the new token as a “valuecoin” for its ability to “maintain its purchasing power over time.” That’s compared to other stablecoins – like MakerDAO’s collateral-backed dai token – which are meant to mirror the dollar in terms of price value even if the greenback goes off a cliff. Related: Optimism ‘Soft Launches’ Ethereum Throughput Solution With DeFi’s Synthetix “Elastic supply stablecoins are one of the most exciting and innovative verticals within DeFi right now,” MahaDAO co-founder Steven Enamakel said in a statement. “Having closely examined existing algorithmic stablecoins, and learned from their successes and shortcomings, we’ve engineered ARTH to ensure that it will be much more stable, making it suitable for a range of DeFi applications from lending to staking as well as real-world, non-crypto use cases.” The majority of the $30 billion stablecoin market consists of collateral-backed tokens, such as tether or USDC . Regardless, a host of algorithmic tokens have recently come back into vogue such as basis cash (BAC) or empty set dollar (ESD) . These tokens, like ARTH, try to retain a peg to the dollar through a complex system of bonds that can be redeemed or bought when the peg is thrown off. “Users who elect to purchase ARTH bonds will exert a direct effect on the Uniswap price of the ARTH-DAI pool instead of just reducing the supply of ARTH. This will exert a stronger effect on the ARTH-DAI price, resulting in greater price stability for ARTH,” the MahaDAO release states. Story continues Related: Bitcoin Worth $1.2M Seized From India Hacker This system hasn’t really panned out for BAC or ESD, as data provider CoinGecko notes both tokens are far below their intended pegs, currently at $0.86 and $0.58 , respectively. Enamakel told CoinDesk through a spokesperson that ARTH’s algorithm has greater resistance than other algorithmic tokens because of the token’s underlying components – including price dynamics tied to a basket of goods, bond purchases on Uniswap and stability fees to “dampen bond redemptions.” Distribution of ARTH will begin Jan. 16 by placing assets into MahaDAO pools. MahaDAO also completed an Initial DEX Offering (IDO) on the Polkastarter platform in December . Related Stories MahaDAO’s Algorithmic ‘Valuecoin’ Goes Live on Ethereum MahaDAO’s Algorithmic ‘Valuecoin’ Goes Live on Ethereum...
- Reddit Posts (Sample): [['u/vnsilva', 'Wealthsimple stock list', 134, '2021-02-27 00:06', 'https://www.reddit.com/r/Wealthsimple_Penny/comments/ltad9x/wealthsimple_stock_list/', 'Hi all, I just wanted to share that I curate a database of all the stocks that can be traded on WealthSimple, including penny stocks. Every weekend I update the stocks that are added/removed so you can keep your tickers up to date.\n\nI also separate the stocks into categories: Canadian, NASDAQ and NYSE.\n\nIt is available for free and updated weekly here: [https://github.com/Faidh-Wealth/WS-Trade-Info](https://github.com/Faidh-Wealth/WS-Trade-Info)\n\n### Canada\n\nCurrently lists *975* Canadian Stocks traded in TSX, TSX-V and NEO, from Aftermath Silver Ltd \n (AAG) to Sleep Country Canada Holdings Inc \n (ZZZ) It also lists *1046* Canadian ETFs, from Middlefield Ltd - Middlefield American Core Dividend ETF \n (ACZ) to BMO Tactical Dividend ETF Fund \n (ZZZD)\n\n### NASDAQ\n\nCurrently lists *1561* American Stocks traded in the NASDAQ, from Atlantic American Corp. \n (AAME) to Zynex Inc \n (ZYXI) It also lists *106* NASDAQ ETFs, from BTC iShares MSCI All Country Asia ex Japan ETF \n (AAXJ) to BTC iShares Exponential Technologies ETF \n (XT)\n\n### NYSE\n\nCurrently lists *1618* American assets traded in the NYSE, from Agilent Technologies Inc. \n (A) to Zymeworks Inc \n (ZYME) It also lists *568* NYSE ETFs, from VanEck Vectors Africa Index ETF \n (AFK) to ProShares UltraShort Silver \n (ZSL)', 'https://www.reddit.com/r/Wealthsimple_Penny/comments/ltad9x/wealthsimple_stock_list/', 'ltad9x', [['u/vnsilva', 13, '2021-02-27 00:37', 'https://www.reddit.com/r/Wealthsimple_Penny/comments/ltad9x/wealthsimple_stock_list/gowre7k/', 'Thing is, there is no consensus on what a penny stock is? Some people want anything less than 5 dollars, others anything that is less than 1. Others consider market cap. I would love to hear thoughts on that.', 'ltad9x'], ['u/CapialAdvantage', 15, '2021-02-27 00:44', 'https://www.reddit.com/r/Wealthsimple_Penny/comments/ltad9x/wealthsimple_stock_list/gowsrtc/', 'Personally I think penny stock entails it’s in the pennys so under $1, but seeing how WS is very limited in those stocks setting it as under $5 might be worthwhile. Or even adding a filter that lets you search by price ie: under $1, $1-$5, $5-$10, etc', 'ltad9x'], ['u/bagholdegen', 17, '2021-02-27 01:05', 'https://www.reddit.com/r/Wealthsimple_Penny/comments/ltad9x/wealthsimple_stock_list/gowwk7f/', 'penny stocks by definition are under $5.', 'ltad9x'], ['u/milchtea', 34, '2021-02-27 02:58', 'https://www.reddit.com/r/Wealthsimple_Penny/comments/ltad9x/wealthsimple_stock_list/goxbfrc/', 'great work!!\n\nreally wish wealthsimple will let us filter by price and tsx in the future', 'ltad9x'], ['u/cold2d', 12, '2021-02-27 03:36', 'https://www.reddit.com/r/Wealthsimple_Penny/comments/ltad9x/wealthsimple_stock_list/goxfk8g/', 'i thought it was any stock under 5', 'ltad9x']]], ['u/Zestyclose_Ad_1566', 'MATIC Will Revitalize Ethereum', 103, '2021-02-27 00:08', 'https://www.reddit.com/r/CryptoMoonShots/comments/ltaexj/matic_will_revitalize_ethereum/', 'From Stansberry Research:\n\nRecently, I wanted to transfer some **Ethereum (ETH)** from my MetaMask wallet to a centralized exchange. Simply sending my Ethereum from one address to another would have cost $80. That wouldn\'t bother me if I were trying to send $1 million worth of Ethereum. But I was trying to send just $100.\n\nThat means it would have cost me $180 to do a $100 transfer. Meanwhile, I could do a similar transaction for about $0.05 on Binance Smart Chain.\n\nI closed MetaMask and decided to do the transaction later. And I\'m not alone. Over the past few months, we\'ve seen a massive uptick in transaction fees on Ethereum.\n\nIn some ways, Ethereum has become a victim of its own success. As the fees have increased, we\'ve seen users and projects begin migrating to other blockchains known as "Layer 2" solutions.\n\nIf you think of the Ethereum network itself as the base layer, or "Layer 1," then Layer 2 are simpler, more lightweight solutions that run on top of that base layer. It sounds great, but it\'s becoming increasingly clear that there will not always be a Layer 2 solution that scales Ethereum... and that there will be no single blockchain for everything.\n\nSo we live in a multichain world where Layer 1 blockchains like Ethereum, **bitcoin (BTC)**, Polkadot (DOT), and portfolio holding Cosmos must coexist with Layer 2 solutions.\n\nVirtually all of the complaints about Ethereum are that it is too expensive to use and transactions take too long. Some take so long to complete that they end up failing, even after a user pays fees.\n\nIt only makes sense that the dozens of projects working on Layer 2 solutions for ETH are focusing on either lower fees, faster transactions, or both.\n\nThe thousands of blockchains (and the blockchains that run on top of them) can be confusing and overwhelming not just for users like us, but for developers as well. A huge number of sidechains are being developed, and they all have fancy, sci-fi sounding names:\n\n* Proof-of-stake chains\n* Plasma\n* Zk-Rollups\n* Optimistic Rollups\n\nAll of these Layer 2 solutions for Ethereum come with unique benefits and trade-offs. And the simple fact is that what works for one project might not work for another. That makes the landscape of Layer 2 solutions a mess to navigate.\n\nToday\'s recommendation hopes to streamline and interconnect all of Ethereum\'s Layer 2 solutions. It\'s called **Polygon (MATIC)**, and we believe it could become a key building block for the entire ecosystem. Here\'s what has us so excited about it...\n\nPolygon is the "Swiss Army Knife" of scaling solutions on top of Ethereum. Developers can go to Polygon and pick whichever solution works for them. That will eventually include all of the leading scaling solutions today, as well as sidechains and custom solutions for unique situations.\n\nMATIC tokens are governance tokens for all of Polygon\'s services. They\'re also the payment mechanism for transactions on the MATIC sidechain (in other words, MATIC serves as "gas" similar to how you must spend ETH to use the Ethereum network).\n\nSince it\'s built on top of Ethereum, it accrues usage and value to the main Ethereum network. That\'s not just good for Ethereum investors... we believe it will help the project attract developers who would rather build on Ethereum than competing blockchains.\n\nIt\'s growing rapidly, with more than $200 million locked on its first sidechain. And a growing number of apps are integrating its technology, including the predictions market Polymarket and QuickSwap, which is a decentralized exchange like Uniswap. Transactions that might cost as much as $200 on Uniswap cost a few cents on QuickSwap.\n\nPolygon developers are hard at work on a new suite of tools, the Polygon SDK, which will give anyone the ability to roll out their own blockchain as a sidechain or Layer 2 on Ethereum. This will give Ethereum developers abilities similar to those on Cosmos and Polkadot.\n\nBecause gas fees have become extremely high, the adoption of Layer 2 solutions could happen much faster than most traders believe. Polygon\'s leading competitors have market caps of $4 billion or more. Meanwhile, MATIC\'s market cap is only $1 billion.\n\nEdit: Mark Cuban is an investor and the founders made an appearance on bankless on youtube', 'https://www.reddit.com/r/CryptoMoonShots/comments/ltaexj/matic_will_revitalize_ethereum/', 'ltaexj', [['u/drewbles82', 14, '2021-02-27 01:01', 'https://www.reddit.com/r/CryptoMoonShots/comments/ltaexj/matic_will_revitalize_ethereum/gowvtlj/', "I don't know much about gas fees as people call it as I'm fairly new to all this crypto. I have two ETH and from all the price predictions of it hitting 10k minimum this year. Mine are stored on a cold storage wallet and definitely didn't cost anywhere near $80, why has the price gone up? Would it cost me that much to send it back to Binance when I want to sell?\n\nI got MATIC, a while ago, only £30 worth which was 2050 tokens, what do you think the price prediction could be for that? I did do my research as spend ages reading up on some of these days, just no good at predicting a price. Not been a nice week with everything going down.", 'ltaexj'], ['u/SFC_Storm', 11, '2021-02-27 01:06', 'https://www.reddit.com/r/CryptoMoonShots/comments/ltaexj/matic_will_revitalize_ethereum/gowwr74/', 'It can easily 5X from the $.20 range in my opinion. It’s market cap is tiny, and like the OP said, It not only takes care of a need, but it takes care of that need with a solution right now. Cardono will do something similar but in the future. MATIc can use the B&B right this second.\n\nI would not at all be surprised if we woke up in three months and it was a a dollar a token.\n\nJust remember “ we” even us were late to the party. Are the early ones in the early adoption phase. We are pissants compared to the real amount of money coming crypto’s way.\n\nI saw a guy break it down with a nice visual. If you took 100 m beach front. Currently all of crypto‘s market cap is about a salt shaker full of sand. And once companies come in and truly partner with these crypto companies, How easy do you think it will be out of that whole beach to fill up a bucket of sand? 10 buckets of sand? \n\nOn top of that these professional investors are going to be looking hardest at these chains that solve problems now. I think Ethereum it’s already a thing of the past in some ways. I think it blew up so fast people weren’t expecting it. But now it’s rearing its ugly head as it literally costs 25 to 40% of my money, just to pay for gas fees on 100 and $200 worth of tokens.', 'ltaexj'], ['u/drewbles82', 17, '2021-02-27 02:11', 'https://www.reddit.com/r/CryptoMoonShots/comments/ltaexj/matic_will_revitalize_ethereum/gox6fyc/', "I have put a total some money into crypto since August...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, fell by 0.07% on Saturday. Following a 1.77% decline on Friday, Bitcoin ended the day at $46,238.0.\nA mixed start to the day saw Bitcoin fall to an early morning low $46,173.0 before making a move.\nIn spite of the early pullback, Bitcoin avoided the 23.6% FIB of $45,501 and the first major support level at $44,083.\nFinding early morning support, Bitcoin rose to a mid-morning intraday high $48,407.0 before hitting reverse.\nComing within range of the first major resistance level at $48,497, Bitcoin slid back to sub-$47,000 levels.\nAfter a range-bound afternoon and a return to $47,000 levels, a bearish end to the day left Bitcoin in the red.\nA late sell-off saw Bitcoin fall to an intraday low $45,511.0. Bitcoin fell through the 23.6% FIB of $45,501 before wrapping up the day at $46,200 levels.\nThe near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nCrypto.com Coinfell by 5.55% to join Bitcoin in the red.\nIt was a bullish day for the rest of the majors, however.\nPolkadot rallied by 6.73% to lead the way, withCardano’s ADA(+5.64%) andChainlink(+4.16%) also finding strong support.\nBinance Coin(+1.53%),Ethereum(+1.07%),Litecoin(+1.02%), andRipple’s XRP(+1.82%) saw relatively modest gains on the day.\nBitcoin Cash SVended the day flat.\nIn the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,394.46bn.\nBitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Saturday low 60.94%. At the time of writing, Bitcoin’s dominance stood at 61.57%.\nAt the time of writing, Bitcoin was down by 0.32% to $46,089.0. A mixed start to the day saw Bitcoin fall to an early morning low $45,662.0 before rising to a high $46,425.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (+0.02%) and Polkadot (+0.12%) found early support.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was down by 1.27% to lead the way down.\nBitcoin would need to move through the pivot level at $46,582 to bring the first major resistance level at $48,063 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $48,000 levels.\nBarring an extended crypto rally, the first major resistance level and Saturday’s high $48,407 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,889.\nFailure to move through the $46,582 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,756 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of sub-$43,000 levels. The second major support level at $43,275 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 27th, 2021\n• US Stock Indexes Mixed as Investors Buy Growth, Sell Value Shares\n• Silver Weekly Price Forecast – Silver Markets Have Rough Week\n• The Crypto Daily – Movers and Shakers – February 27th, 2021\n• The Crypto Daily – Movers and Shakers – February 28th, 2021\n• Natural Gas Price Prediction – Prices Rebound After Testing Support', 'Bitcoin , BTC to USD, fell by 0.07% on Saturday. Following a 1.77% decline on Friday, Bitcoin ended the day at $46,238.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,173.0 before making a move. In spite of the early pullback, Bitcoin avoided the 23.6% FIB of $45,501 and the first major support level at $44,083. Finding early morning support, Bitcoin rose to a mid-morning intraday high $48,407.0 before hitting reverse. Coming within range of the first major resistance level at $48,497, Bitcoin slid back to sub-$47,000 levels. After a range-bound afternoon and a return to $47,000 levels, a bearish end to the day left Bitcoin in the red. A late sell-off saw Bitcoin fall to an intraday low $45,511.0. Bitcoin fell through the 23.6% FIB of $45,501 before wrapping up the day at $46,200 levels. The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Crypto.com Coin fell by 5.55% to join Bitcoin in the red. It was a bullish day for the rest of the majors, however. Polkadot rallied by 6.73% to lead the way, with Cardano’s ADA (+5.64%) and Chainlink (+4.16%) also finding strong support. Binance Coin (+1.53%), Ethereum (+1.07%), Litecoin (+1.02%), and Ripple’s XRP (+1.82%) saw relatively modest gains on the day. Bitcoin Cash SV ended the day flat. In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,394.46bn. Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Saturday low 60.94%. At the time of writing, Bitcoin’s dominance stood at 61.57%. This Morning At the time of writing, Bitcoin was down by 0.32% to $46,089.0. A mixed start to the day saw Bitcoin fall to an early morning low $45,662.0 before rising to a high $46,425.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (+0.02%) and Polkadot (+0.12%) found early support. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 1.27% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $46,582 to bring the first major resistance level at $48,063 into play. Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s high $48,407 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,889. Failure to move through the $46,582 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,756 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$43,000 levels. The second major support level at $43,275 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 27th, 2021 US Stock Indexes Mixed as Investors Buy Growth, Sell Value Shares Silver Weekly Price Forecast – Silver Markets Have Rough Week The Crypto Daily – Movers and Shakers – February 27th, 2021 The Crypto Daily – Movers and Shakers – February 28th, 2021 Natural Gas Price Prediction – Prices Rebound After Testing Support', 'More investment firms are givingbitcoininvestors an extra avenue to raise cash from their digital assets by accepting cryptocurrencies as collateral for US dollar loans for a fee.\nDiginex, a Nasdaq-listed fintech firm which runs a cryptocurrency exchange that is licensed in Singapore, plans to offercryptocurrencyborrowing and lending services to its clients from next month to capture demand from institutional traders. The service could appeal to investors with a bearish view on the US currency, chief executive Richard Byworth said.\n"An investor trading crypto-derivatives on our platform can borrow US dollar from us against bitcoin, which is put into our custody facility as collateral," Byworth said in Hong Kong. "If one sees the dollar value weakening against the bitcoin, that could be a better way to spend the fiat currency today than at a future date."\nGet the latest insights and analysis from ourGlobal Impact newsletteron the big stories originating in China.\nThe Dollar Index has dropped 7.4 per cent against major peers over the past 12 months, according to Bloomberg data. The yuan, for example, strengthened 8.4 per cent against the US currency in the same period. Bitcoin, meanwhile, has more than quintupled at the same time, lifting its capitalisation above US biggest bank JPMorgan Chase.\nNasdaq-listed Diginex chief executive Richard Byworth sees multiple use cases for borrowing against bitcoin. Photo: K. Y. Cheng alt=Nasdaq-listed Diginex chief executive Richard Byworth sees multiple use cases for borrowing against bitcoin. Photo: K. Y. Cheng\nWith almost 90 per cent of its 21 million coins already mined, Wall Street banks and US corporates are increasingly dabbling into the currency asevident by Tesla\'srecent US$1.5 billion bet on bitcoin.\nDiginex also allows traders to borrow bitcoin for short-selling purposes as part of a hedging strategy. The lender, who could be another trader on Diginex\'s platform, gets paid a fee. Byworth expects the first such trade to be transacted next month.\nTo be sure, offering loans against cryptocurrencies is not new. US investment firm Equities First headquartered in Indianapolis have been offering a cryptocurrency-lending service in Hong Kong as well for the past few years to borrowers with stock holdings for financing purposes.\nIn recent years, however, more US financial institutions have jumped onto the bandwagon. Fidelity Digital Assets, a unit under global asset manager Fidelity International, started offering a cryptocurrency lending service in December.\nThe array of offerings has also come amid Hong Kong\'s government proposed rules to require all cryptocurrency exchanges to get licensed by theSecurities and Futures Commiss
**Last 60 Days of Bitcoin's Closing Prices:**
[28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-02-28
**Financial & Commodity Data:**
- Gold Closing Price: $1728.10
- Crude Oil Closing Price: $61.50
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $844,929,075,994
- Hash Rate: 141468551.03908366
- Transaction Count: 254316.0
- Unique Addresses: 629972.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: * Nikkei hits 30-year high * Hopes for vaccines, U.S. stimulus turbocharge sentiment * Chinese telcos lose $5.6 bln in value after index drop * Bitcoin touches fresh all-time high * Investors await U.S. non-farm payrolls data * Dollar rises on recovery expectations * 10-year Treasury yields hit highest since March By Tom Arnold and Andrew Galbraith LONDON/SHANGHAI, Jan 8 (Reuters) - Global shares rallied, with Japan's Nikkei hitting a three-decade peak, while U.S. Treasuries extended their steepest sell-off in months on Friday as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the year. Europe's Euro STOXX 600 was up 0.6%, with Frankfurt's index up 0.8% after German industrial output and exports rose in November. U.S. S&P 500 e-mini stock futures also pointed to a cheery open, rising 0.3%. The upbeat mood emerged after Wall Street hit record highs on Thursday, while bond prices fell as markets bet a new Democratic-controlled U.S. government would lead to heavy spending and borrowing to support the country's economic recovery. Investors were also awaiting U.S. non-farm payrolls data due later in the day to gauge the jobs market's health. "Investors are buying the end of an erratic Trump administration and looking forward to something new, which is a Biden presidency and the prospect of a significant spending programme," said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners. "People are going for cyclical names and this is driving the market forward, but there has to be care taken as this relies on a rebound in the economy in the coming quarters." The MSCI world equity index, which tracks shares in almost 50 countries, rose 0.5%, extending its push into record territory and set to close out its best week since late November. MSCI's main emerging market index closed in on a record high for the first time since 2007. Story continues In Asia, South Korea's Kospi led the way, charging 4% higher, its best daily showing in nearly seven months, while the Nikkei added 2.36%, hitting its highest level since August 1990. The dollar-denominated Nikkei share average rose above its 1989 peak to a record high. Bucking the trend, Chinese blue-chip shares fell 0.3%, retreating from a 13-year high, after index providers MSCI and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks after the close on Friday in response to a U.S. investment ban. The announcements, which means global funds have one day to adjust billions of dollars of passive investments, wiped a combined $5.6 billion off the value of their Hong Kong-traded shares on Friday. Hong Kong's Hang Seng rose 1.1% despite reports that the Trump administration was considering banning U.S. entities from investing in an expanded list of Chinese companies in the waning days of his presidency. On Thursday, the Dow Jones Industrial Average rose 0.69%, the S&P 500 gained 1.48% and the Nasdaq Composite added 2.56% - with all three indexes finishing at record closing highs. The gains follow expectations that Democratic control of both U.S. houses of Congress will help the party of President-elect Joe Biden push through larger fiscal stimulus and comes despite political unrest in Washington, DC. U.S. government officials have begun weighing removing President Donald Trump from office before Biden's inauguration date of Jan. 20, after Trump supporters stormed the U.S. Capitol building. Rising risk appetite weighed on bonds, with the benchmark 10-year bond yield scaling a fresh high since March. Ten-year notes yielded 1.1% on Friday, up from 1.017% on Thursday. In Europe, Germany's benchmark 10-year Bund yield fell 1 basis point to -0.524%. The dollar just about held on to its gains, helped by the rising yields. The dollar index gained 0.1% against a basket of currencies to 89.875 with the euro down 0.17% to $1.2250. "We're sure to see a synchronised global recovery in the second half of this year," said ING analyst Carsten Brzeski. "Right now, there's lots of concern about the virus and noise surrounding the vaccine. But we need to take a slightly longer view." Cryptocurrency bitcoin hit a fresh all-time high, up 5% on the day to $41,530, topping Thursday's high, prompted by surging demand from institutional and retail investors. Market watchers have said a pullback is likely following its recent run-up. In commodity markets, oil traders continued to focus on Saudi Arabia's pledge to deepen production cuts. Brent crude was up 1.6% at $55.25 a barrel at 11-month highs. U.S. West Texas Intermediate (WTI) rose 1.4% to $51.57, also near an 11-month high. Spot gold dipped 1.1% to $1,892.60 per ounce as the U.S. dollar and Treasury yields firmed. (Additional reporting by Imani Moise in New York; Editing by Sam Holmes and Kim Coghill)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Suzanne Barlyn\nNEW YORK (Reuters) - Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the $1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson\'s newly authorized COVID-19 vaccine.\nWall Street\'s rise follows a jump in European shares and solid gains on Asian stock markets.\nInvestor optimism that the J&J vaccine would further lift the economy is "giving a lift to all of the \'go-to-work\' stocks" that benefit from businesses reopening, said Jim Awad, senior managing director at Clearstead Advisors in New York.\nA stabilization of U.S. Treasury yields has also removed pressure from growth stocks, Awad said.\nThe Dow Jones Industrial Average rose 603.14 points, or 1.95%, to 31,535.51, the S&P 500 gained 90.67 points, or 2.38%, to 3,901.82 and the Nasdaq Composite added 396.48 points, or 3.01%, to 13,588.83.\nThe much-anticipated COVID-19 relief bill was passed in the U.S. House of Representatives on Saturday, and now moves to the Senate.\nThe pan-European STOXX 600 index rose 1.84% and MSCI\'s gauge of stocks across the globe gained 2.01%.\nEmerging market stocks rose 1.71%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 1.83% higher, while Japan\'s Nikkei rose 2.41%.\nReports on manufacturing and factory activity showed strength in many developed economies on Monday, including a three-year high in the United States, which could keep inflation concerns on the radar.\nMajor sovereign bonds rallied on Monday as markets showed further signs of stabilization after their worst monthly performance in years.\nExpectations of economic recovery and rising inflation boosted global benchmark bond yields in February to their biggest monthly rises in years. But the expected run-down of U.S. Treasury balances at the Federal Reserve has held down shorter-dated rates.\nBenchmark 10-year Treasury notes last rose 8/32 in price to yield 1.429%, from 1.456% on Monday.\nThe coronavirus pandemic laid bare weaknesses in the financial system that should be addressed with new rules to prepare for the next shock, Fed Governor Lael Brainard said.\n"We should not miss the opportunity to distill lessons from the COVID shock and institute reforms so our system is more resilient and better able to withstand a variety of possible shocks in the future," Brainard said.\nGold prices rose as the retreat in U.S. Treasury yields helped to bolster its status as an inflation hedge, but a firmer dollar limited bullion\'s advance.\nSpot gold dropped 0.5% to $1,724.06 an ounce. U.S. gold futures fell 0.45% to $1,720.40 an ounce.\nThe dollar index rose to a three-week high as investors bet on faster growth and inflation in the United States, while the Australian dollar gained after Australia\'s central bank increased its bond purchases in a bid to stem rapidly rising yields.\nBitcoin rose 6.70% to $48,719.02, with Citi saying the most popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trade.\nGoldman Sachs has restarted its cryptocurrency trading desk, a person familiar with the matter told Reuters.\nU.S. crude recently fell 1.77% to $60.41 per barrel and Brent was at $63.45, down 1.51% on the day on fears that Chinese oil crude consumption is slowing and that OPEC may increase global supply following a meeting this week.\n(GRAPHIC - Germany 10-year: https://fingfx.thomsonreuters.com/gfx/mkt/jbyprddzype/Germany%2010-year.png)\n(Reporting by Suzanne Barlyn; Editing by Lisa Shumaker and Sonya Hepinstall)', 'By Suzanne Barlyn NEW YORK (Reuters) - Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the $1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson\'s newly authorized COVID-19 vaccine. Wall Street\'s rise follows a jump in European shares and solid gains on Asian stock markets. Investor optimism that the J&J vaccine would further lift the economy is "giving a lift to all of the \'go-to-work\' stocks" that benefit from businesses reopening, said Jim Awad, senior managing director at Clearstead Advisors in New York. A stabilization of U.S. Treasury yields has also removed pressure from growth stocks, Awad said. The Dow Jones Industrial Average rose 603.14 points, or 1.95%, to 31,535.51, the S&P 500 gained 90.67 points, or 2.38%, to 3,901.82 and the Nasdaq Composite added 396.48 points, or 3.01%, to 13,588.83. The much-anticipated COVID-19 relief bill was passed in the U.S. House of Representatives on Saturday, and now moves to the Senate. The pan-European STOXX 600 index rose 1.84% and MSCI\'s gauge of stocks across the globe gained 2.01%. Emerging market stocks rose 1.71%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 1.83% higher, while Japan\'s Nikkei rose 2.41%. Reports on manufacturing and factory activity showed strength in many developed economies on Monday, including a three-year high in the United States, which could keep inflation concerns on the radar. Major sovereign bonds rallied on Monday as markets showed further signs of stabilization after their worst monthly performance in years. Expectations of economic recovery and rising inflation boosted global benchmark bond yields in February to their biggest monthly rises in years. But the expected run-down of U.S. Treasury balances at the Federal Reserve has held down shorter-dated rates. Benchmark 10-year Treasury notes last rose 8/32 in price to yield 1.429%, from 1.456% on Monday. Story continues The coronavirus pandemic laid bare weaknesses in the financial system that should be addressed with new rules to prepare for the next shock, Fed Governor Lael Brainard said. "We should not miss the opportunity to distill lessons from the COVID shock and institute reforms so our system is more resilient and better able to withstand a variety of possible shocks in the future," Brainard said. Gold prices rose as the retreat in U.S. Treasury yields helped to bolster its status as an inflation hedge, but a firmer dollar limited bullion\'s advance. Spot gold dropped 0.5% to $1,724.06 an ounce. U.S. gold futures fell 0.45% to $1,720.40 an ounce. The dollar index rose to a three-week high as investors bet on faster growth and inflation in the United States, while the Australian dollar gained after Australia\'s central bank increased its bond purchases in a bid to stem rapidly rising yields. Bitcoin rose 6.70% to $48,719.02, with Citi saying the most popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trade. Goldman Sachs has restarted its cryptocurrency trading desk, a person familiar with the matter told Reuters. U.S. crude recently fell 1.77% to $60.41 per barrel and Brent was at $63.45, down 1.51% on the day on fears that Chinese oil crude consumption is slowing and that OPEC may increase global supply following a meeting this week. (GRAPHIC - Germany 10-year: https://fingfx.thomsonreuters.com/gfx/mkt/jbyprddzype/Germany%2010-year.png) (Reporting by Suzanne Barlyn; Editing by Lisa Shumaker and Sonya Hepinstall)', 'By Suzanne Barlyn\nNEW YORK (Reuters) - Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the $1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson\'s newly authorized COVID-19 vaccine.\nWall Street\'s rise follows a jump in European shares and solid gains on Asian stock markets.\nInvestor optimism that the J&J vaccine would further lift the economy is "giving a lift to all of the \'go-to-work\' stocks" that benefit from businesses reopening, said Jim Awad, senior managing director at Clearstead Advisors in New York.\nA stabilization of U.S. Treasury yields has also removed pressure from growth stocks, Awad said.\nThe Dow Jones Industrial Average rose 603.14 points, or 1.95%, to 31,535.51, the S&P 500 gained 90.67 points, or 2.38%, to 3,901.82 and the Nasdaq Composite added 396.48 points, or 3.01%, to 13,588.83.\nThe much-anticipated COVID-19 relief bill was passed in the U.S. House of Representatives on Saturday, and now moves to the Senate.\nThe pan-European STOXX 600 index rose 1.84% and MSCI\'s gauge of stocks across the globe gained 2.01%.\nEmerging market stocks rose 1.71%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 1.83% higher, while Japan\'s Nikkei rose 2.41%.\nReports on manufacturing and factory activity showed strength in many developed economies on Monday, including a three-year high in the United States, which could keep inflation concerns on the radar.\nMajor sovereign bonds rallied on Monday as markets showed further signs of stabilization after their worst monthly performance in years.\nExpectations of economic recovery and rising inflation boosted global benchmark bond yields in February to their biggest monthly rises in years. But the expected run-down of U.S. Treasury balances at the Federal Reserve has held down shorter-dated rates.\nBenchmark 10-year Treasury notes last rose 8/32 in price to yield 1.429%, from 1.456% on Monday.\nThe coronavirus pandemic laid bare weaknesses in the financial system that should be addressed with new rules to prepare for the next shock, Fed Governor Lael Brainard said.\n"We should not miss the opportunity to distill lessons from the COVID shock and institute reforms so our system is more resilient and better able to withstand a variety of possible shocks in the future," Brainard said.\nGold prices rose as the retreat in U.S. Treasury yields helped to bolster its status as an inflation hedge, but a firmer dollar limited bullion\'s advance.\nSpot gold dropped 0.5% to $1,724.06 an ounce. U.S. gold futures fell 0.45% to $1,720.40 an ounce.\nThe dollar index rose to a three-week high as
**Last 60 Days of Bitcoin's Closing Prices:**
[29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-01
**Financial & Commodity Data:**
- Gold Closing Price: $1722.50
- Crude Oil Closing Price: $60.64
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $905,280,232,125
- Hash Rate: 140388638.43573186
- Transaction Count: 280485.0
- Unique Addresses: 748049.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.38
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Ethereum Price Forecast: ETH On The Verge Of A Massive Upswing To $2,800
Ethereum price has been underperforming in comparison to other major coins like Bitcoin or BNB. Investors are concerned about high gas fees, but most projects are still built on top of Ethereum. On-chain metrics show that ETH is still poised for another leg up.
Bitcoin price At New All-Time Highs While On-Chain Metrics Suggest Further Growth
Bitcoin shows no signs of a steep correction despite the massive gains it has posted since the beginning of the year. Now, a crucial resistance level is the only hurdle preventing BTC from advancing further.
Tron Price Prediction: TRX Prepares For A 30% Jump, Eying Up $0.07
Tron price hit a new 2021-high at $0.061 on February 13 and had a major 25% correction down to $0.045. Since then, the digital asset has established a robust support trendline and aims for a breakout above a crucial resistance point.
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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Suzanne Barlyn NEW YORK (Reuters) - Global equity markets were little changed on Tuesday as Wall Street retreated and investors took stock of gains from Monday\'s surge, pausing to gauge whether a bond yield jump had run its course. The declining performance of the three major Wall Street indices followed a flat close in Europe and slipping shares in Asia. "It was such a strong opening to the month yesterday that investors could be short-term focused and saying, \'Let\'s take some of the profits that we saw yesterday,\'" said Sam Stovall, chief investment strategist at CFRA Research in New York. March began with a bang on Monday as global equities markets rose, the S&P 500 had its best day since June 5 and bond markets calmed after a month-long selloff. Wall Street ended lower on Tuesday, pulled down by Apple Inc and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package. The Dow Jones Industrial Average fell 143.99 points, or 0.46%, to 31,391.52, the S&P 500 lost 31.53 points, or 0.81%, to 3,870.29 and the Nasdaq Composite dropped 230.04 points, or 1.69%, to 13,358.79. The pan-European STOXX 600 index rose 0.19% while MSCI\'s gauge of stocks across the globe shed 0.51%. Emerging market stocks lost 0.21%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.35% lower, while Japan\'s Nikkei lost 0.86%. The European Central Bank should expand bond purchases or even increase the quota earmarked for them if needed to keep yields down, ECB board member Fabio Panetta said on Tuesday, after weeks of steady increases in borrowing costs. Australia\'s central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields from disrupting the country\'s surprisingly strong economic recovery. After a sharp selloff last week, U.S. Treasuries have stabilized with bond market indicators and derivatives positioning pointing to near-term calm. But an improving economy could trigger another slide in their prices. Story continues U.S. Federal Reserve Governor Lael Brainard said she was closely watching bond markets and would be concerned if a recent rise in yields continued and began to constrain economic activity. "Some of those moves last week and the speed of the moves caught my eye," Brainard said on Tuesday. Yields on the benchmark 10-year Treasury bond have stabilized after hitting a one-year high of 1.614% last week. Benchmark 10-year notes last rose 11/32 in price to yield 1.4085%, from 1.446% late on Monday. Gold prices rose, inching up from a more than eight-month low, as a retreat in the dollar and U.S. Treasury yields lifted demand for the safe-haven metal. Spot gold added 0.7% to $1,735.41 an ounce. U.S. gold futures settled up 0.6% at $1,733.60. The dollar index fell 0.263%, with the euro up 0.33% to $1.2087. Earlier, the dollar was up for a fourth consecutive day after the spike in bond yields challenged the market consensus for dollar weakness in 2021. But riskier currencies rose as bond markets calmed and stocks recovered. Bitcoin fell 2.55% to $47,640.44 after rising nearly 7% on Monday. Shares in mainland China and Hong Kong fell overnight after a top regulatory official expressed concerns about the risk of bubbles bursting in foreign markets. Oil prices largely shrugged off expectations that OPEC would agree to raise oil supplies at a meeting this week. "The recovery is looking really good to us," Occidental Petroleum Chief Executive Vicki Hollub said. "If you look at what\'s happening in India as well as the U.S., I think the oil industry is looking like things will be pretty good for us over next couple of years." U.S. crude futures settled down 89 cents at $59.75 a barrel, while Brent futures fell 99 cents to settle at $62.70 a barrel. (Reporting by Suzanne Barlyn; Editing by Dan Grebler)', 'By Suzanne Barlyn NEW YORK (Reuters) - Global equity markets were little changed on Tuesday as Wall Street retreated and investors took stock of gains from Monday\'s surge, pausing to gauge whether a bond yield jump had run its course. The declining performance of the three major Wall Street indices followed a flat close in Europe and slipping shares in Asia. "It was such a strong opening to the month yesterday that investors could be short-term focused and saying, \'Let\'s take some of the profits that we saw yesterday,\'" said Sam Stovall, chief investment strategist at CFRA Research in New York. March began with a bang on Monday as global equities markets rose, the S&P 500 had its best day since June 5 and bond markets calmed after a month-long selloff. Wall Street ended lower on Tuesday, pulled down by Apple Inc and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package. The Dow Jones Industrial Average fell 143.99 points, or 0.46%, to 31,391.52, the S&P 500 lost 31.53 points, or 0.81%, to 3,870.29 and the Nasdaq Composite dropped 230.04 points, or 1.69%, to 13,358.79. The pan-European STOXX 600 index rose 0.19% while MSCI\'s gauge of stocks across the globe shed 0.51%. Emerging market stocks lost 0.21%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.35% lower, while Japan\'s Nikkei lost 0.86%. The European Central Bank should expand bond purchases or even increase the quota earmarked for them if needed to keep yields down, ECB board member Fabio Panetta said on Tuesday, after weeks of steady increases in borrowing costs. Australia\'s central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields from disrupting the country\'s surprisingly strong economic recovery. After a sharp selloff last week, U.S. Treasuries have stabilized with bond market indicators and derivatives positioning pointing to near-term calm. But an improving economy could trigger another slide in their prices. Story continues U.S. Federal Reserve Governor Lael Brainard said she was closely watching bond markets and would be concerned if a recent rise in yields continued and began to constrain economic activity. "Some of those moves last week and the speed of the moves caught my eye," Brainard said on Tuesday. Yields on the benchmark 10-year Treasury bond have stabilized after hitting a one-year high of 1.614% last week. Benchmark 10-year notes last rose 11/32 in price to yield 1.4085%, from 1.446% late on Monday. Gold prices rose, inching up from a more than eight-month low, as a retreat in the dollar and U.S. Treasury yields lifted demand for the safe-haven metal. Spot gold added 0.7% to $1,735.41 an ounce. U.S. gold futures settled up 0.6% at $1,733.60. The dollar index fell 0.263%, with the euro up 0.33% to $1.2087. Earlier, the dollar was up for a fourth consecutive day after the spike in bond yields challenged the market consensus for dollar weakness in 2021. But riskier currencies rose as bond markets calmed and stocks recovered. Bitcoin fell 2.55% to $47,640.44 after rising nearly 7% on Monday. Shares in mainland China and Hong Kong fell overnight after a top regulatory official expressed concerns about the risk of bubbles bursting in foreign markets. Oil prices largely shrugged off expectations that OPEC would agree to raise oil supplies at a meeting this week. "The recovery is looking really good to us," Occidental Petroleum Chief Executive Vicki Hollub said. "If you look at what\'s happening in India as well as the U.S., I think the oil industry is looking like things will be pretty good for us over next couple of years." U.S. crude futures settled down 89 cents at $59.75 a barrel, while Brent futures fell 99 cents to settle at $62.70 a barrel. (Reporting by Suzanne Barlyn; Editing by Dan Grebler)', 'Those who follow electric vehicle stocks in the market, or simply keep tabs on billionaire Elon Musk’s companies, probably rememberwhen Tesla stock began to climb in August 2020 preceding a five-to-one split on Aug. 11. Shares continued to increase by 81% through late August of last year and have been hovering in the $700s post-split into 2021.\nFind Out:Tesla Will Soon Accept Bitcoin As PaymentCheck Out:5 Electric Car Stocks To Watch\nBut Wedbush analyst Daniel Ives believes there’s more to EV stocks than Tesla. “I think right now it’s a big enough ocean for more than one boat,” he told CNBC’s Street Signs Europe.\nThe tech analyst predicted the EV industry will reach $5 trillion by the end of the decade, CNBC writes. That’s an ambitious projection, as Allied Market Research valued the global EV market at $162.34 billion in 2019, with a market projection of $802.81 billion by 2027. However, given that Tesla’s valuation now sits at $689.59 billion, Ives’ numbers could be on the money, so to speak.\nWith President Joe Biden’s emphasis on slowing or reversing climate change, the U.S. may see more incentives for the development and purchase of EVs and other sustainable technology. Biden has mentioned consumer tax credits to support the sale of EVs, as well as investments in the infrastructure required to support fleets of EVs on the streets, including a $400 billion investment that would support, among other things, the installation of 500,000 new EV charging outlets by the end of 2030, CNBC reports.\nOther major players in the game include Chinese manufacturer NIO, Workhorse Group, and conventional internal combustion vehicle manufacturers who have developed or are developing electric vehicles, including General Motors.\nLearn More:The True Cost of Going ElectricRead Next:5 Questions To Ask Before Buying an Electric Vehicle\nGoldman analysts also pointed to EV battery makers as companies to watch in the coming year, CNBC reports.\nIn addition to predicting that EV stocks could rise 40% to 50% this year, Ives is also bullish on Bitcoin.He told CNBC that he thinks 3% to 5% of U.S. corporations could follow Tesla to invest in Bitcoin or other crypto
**Last 60 Days of Bitcoin's Closing Prices:**
[29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-02
**Financial & Commodity Data:**
- Gold Closing Price: $1733.10
- Crude Oil Closing Price: $59.75
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $892,845,168,150
- Hash Rate: 154427502.27930507
- Transaction Count: 338150.0
- Unique Addresses: 810035.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A look at the day ahead from Julien Ponthus
With Wall Street and Asian bourses ending their session just shy of record highs, one could be tempted to draw the conclusion that the so-called 'rational bubble' narrative lifting equity markets remains a consensus view among investors.
But U.S. Treasury markets, where yields have jumped to their highest in 10 months, have fuelled reasonable doubts on the sustainability of the rally in a world plagued by a resurgent pandemic.
What if the genie of inflation suddenly gets out of the bottle? What's the risk then of a policy mistake and central bankers jumping the gun on rate hikes and stimulus withdrawal?
At the moment, the tapering discussion is a closely watched one and is yet balanced with hawkish comments from the likes of Fed officials Bostic and others such as James Bullard who argue it was too early to discuss tapering.
Bullard's comments, alongside Tuesday's well-received auction of 10-year Treasuries pushed 10-year Treasury yields down more than 5 bps off 10-month highs.
Against that backdrop, U.S. December inflation data will be closely watched today. Given the ongoing retail trading mania, inflated equity valuations and the Bitcoin frenzy, traders' thoughts could be turning to the early-2018 inflation scare that triggered a sharp sell-off and forced investors to reassess equity risk premia.
In the meantime, any pullback such as this morning's with flat European futures and stable to lower bond yields might be welcome.
Key developments that should provide more direction to markets on Tuesday:
-Canadian convenience-store operator Alimentation Couche-Tard initiates takeover talks with Europe's biggest retailer, Carrefour.
-St. Louis Fed President James Bullard speaks at a Reuters Next Virtual Forum at 1430 GMT.
-Italy's Matteo Renzi to hold press conference at 530 pm local time to decide on whether to topple the government by withdrawing his ministers.
-European food-ordering firm Just Eat Takeaway.com received 57% more orders in Q4 versus year-ago levels; British homebuilder Persimmon says forward sales up by a quarter; Supermarket Lidl saw UK Christmas sales up 17.9%...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Suzanne Barlyn NEW YORK (Reuters) - Wall Street fell on Wednesday as investors sold off technology stocks, while shares from Asia to Europe were flat, while the dollar rose even as U.S. jobs data disappointed investors and virtual curreny bitcoin jumped. The pan-European STOXX 600 index rose 0.05% and MSCI\'s gauge of stocks across the globe shed 0.68%. "We\'re seeing a lot of what we\'ve seen over the past week or so, that is markets being stymied to some extent by rising interest rates," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas. The Dow Jones Industrial Average fell 119.98 points, or 0.38%, to 31,271.54, the S&P 500 lost 50.51 points, or 1.31%, to 3,819.78 and the Nasdaq Composite dropped 361.04 points, or 2.7%, to 12,997.75. Equities retreated as benchmark U.S. Treasury yields moved higher after declining for three straight days. High-flying technology shares sold off as investors pivoted to sectors more likely to benefit as the economy recovers due to fiscal stimulus and vaccinations. Emerging market stocks rose 1.30%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 1.42% higher, while Japan\'s Nikkei rose 0.51%. The U.S. economy\'s modest recovery continued over the first weeks of this year, with businesses optimistic and housing demand "robust," with slow improvement in the job market, the Federal Reserve reported. Other data showed U.S. services industry activity unexpectedly slowed in February due to winter storms, while private payrolls increased less than expected as manufacturing and construction jobs declined. Investors were growing optimistic that U.S. stimulus will soon energize the global economy. The U.S. Senate was set to open debate on President Joe Biden\'s $1.9 trillion coronavirus relief package, with Democrats eager to pass it soon. UK Finance minister Rishi Sunak delivered what he hopes will be a last big spending splurge to get Britain\'s economy through the COVID-19 crisis, and announced a corporate tax hike starting in 2023 to bolster public finances. Story continues Longer-term U.S. Treasury yields rose as investors looked toward comments from Federal Reserve Chair Jerome Powell on Thursday for signs the central bank was set to acknowledge the risk of a rapid rise in rates. The benchmark 10-year note was poised to snap a three-day streak of declines following a jump to a one-year high of 1.614 percent last week, with many Fed officials having downplayed the rise in recent days. Benchmark 10-year notes last fell 15/32 in price to yield 1.467%, from 1.415% late on Wednesday. Euro zone government bond yields rose again on doubts about whether the bloc\'s central bank will step in to curb the recent sharp increase, while data reflected optimism about economic recovery. Although yields have dipped from their highs, pressure remains, with Germany\'s 10-year Bund yield, the benchmark for the region, rising 5 basis points to -0.29%. It remained far below its Feb. 26 spike of -0.203%. The dollar gained as investors priced for strong U.S. growth relative to other regions, while the safe-haven Japanese yen continued to weaken to a seven-month low. The dollar index rose 0.157%, with the euro down 0.21% to $1.2064. Bitcoin hit $52,652, the highest in a week. It was last up 4.1% at $50,533. Spot gold dropped 1.3% to $1,715.40 an ounce. U.S. gold futures fell 0.85% to $1,715.30 an ounce. Oil prices rose, boosted by expectations that OPEC+ producers might decide against increasing output. U.S. crude recently rose 2.44% to $61.21 per barrel and Brent was at $64.04, up 2.14% on the day.fell 0.85 (Reporting by Suzanne Barlyn; Editing by David Gregorio)', 'By Suzanne Barlyn\nNEW YORK (Reuters) - Wall Street fell on Wednesday as investors sold off technology stocks, while shares from Asia to Europe were flat, while the dollar rose even as U.S. jobs data disappointed investors and virtual curreny bitcoin jumped.\nThe pan-European STOXX 600 index rose 0.05% and MSCI\'s gauge of stocks across the globe shed 0.68%.\n"We\'re seeing a lot of what we\'ve seen over the past week or so, that is markets being stymied to some extent by rising interest rates," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.\nThe Dow Jones Industrial Average fell 119.98 points, or 0.38%, to 31,271.54, the S&P 500 lost 50.51 points, or 1.31%, to 3,819.78 and the Nasdaq Composite dropped 361.04 points, or 2.7%, to 12,997.75.\nEquities retreated as benchmark U.S. Treasury yields moved higher after declining for three straight days.\nHigh-flying technology shares sold off as investors pivoted to sectors more likely to benefit as the economy recovers due to fiscal stimulus and vaccinations.\nEmerging market stocks rose 1.30%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 1.42% higher, while Japan\'s Nikkei rose 0.51%.\nThe U.S. economy\'s modest recovery continued over the first weeks of this year, with businesses optimistic and housing demand "robust," with slow improvement in the job market, the Federal Reserve reported.\nOther data showed U.S. services industry activity unexpectedly slowed in February due to winter storms, while private payrolls increased less than expected as manufacturing and construction jobs declined.\nInvestors were growing optimistic that U.S. stimulus will soon energize the global economy. The U.S. Senate was set to open debate on President Joe Biden\'s $1.9 trillion coronavirus relief package, with Democrats eager to pass it soon.\nUK Finance minister Rishi Sunak delivered what he hopes will be a last big spending splurge to get Britain\'s economy through the COVID-19 crisis, and announced a corporate tax hike starting in 2023 to bolster public finances.\nLonger-term U.S. Treasury yields rose as investors looked toward comments from Federal Reserve Chair Jerome Powell on Thursday for signs the central bank was set to acknowledge the risk of a rapid rise in rates.\nThe benchmark 10-year note was poised to snap a three-day streak of declines following a jump to a one-year high of 1.614 percent last week, with many Fed officials having downplayed the rise in recent days.\nBenchmark 10-year notes last fell 15/32 in price to yield 1.467%, from 1.415% late on Wednesday.\nEuro zone government bond yields rose again on doubts about whether the bloc\'s central bank will step in to curb the recent sharp increase, while data reflected optimism about economic recovery.\nAlthough yields have dipped from their highs, pressure remains, with Germany\'s 10-year Bund yield, the benchmark for the region, rising 5 basis points to -0.29%. It remained far below its Feb. 26 spike of -0.203%.\nThe dollar gained as investors priced for strong U.S. growth relative to other regions, while the safe-haven Japanese yen continued to weaken to a seven-month low.\nThe dollar index rose 0.157%, with the euro down 0.21% to $1.2064.\nBitcoin hit $52,652, the highest in a week. It was last up 4.1% at $50,533.\nSpot gold dropped 1.3% to $1,715.40 an ounce. U.S. gold futures fell 0.85% to $1,715.30 an ounce.\nOil prices rose, boosted by expectations that OPEC+ producers might decide against increasing output.\nU.S. crude recently rose 2.44% to $61.21 per barrel and Brent was at $64.04, up 2.14% on the day.fell 0.85\n(Reporting by Suzanne Barlyn; Editing by David Gregorio)', 'Chancellor Rishi Sunak unveiled a raft of measures aimed at spurring innovation in the UK - AFP Facebook\'s Supreme Court could curb viral posts Netflix says cinemas will lose the right to show films before they can be streamed Questions mount over Deliveroo\'s £8bn London listing Sign up here for our daily technology newsletter Chancellor Rishi Sunak introduced a range of new measures to unlock billions of pounds from pension funds to allow them to back innovative start-ups across the country. During his Budget speech on Wednesday, he also said that he was drafting in "ambitious visa reforms" that were aimed at "highly-skilled" migrants. Mr Sunak also said the Government would introduce a new un-sponsored points-based visa to attract the "best and most-promising international talent" in both science research and tech. He said the new visa regime would result in "radically simplified bureaucracy" to entrepreneurs and scale-up businesses. The changes were part of a raft of pro-business incentives introduced by Mr Sunak. The Chancellor also said the FCA will consulting proposals around dual-share listings, which were brought forward by Lord Hill\'s report on the City\'s attractiveness as a location to go public, "very shortly". Elsewhere, Volocopter, a Germany flying taxi company, has raised €200m (£172m) ahead of its first commercial flights in 2023. The company plans to start launching commercial flights in Singapore within the next two years with tickets already on sale for 15-minute tourist flights for €300. Meanwhile, Amazon has been forced to tweak its new app icon after some users pointed out that it looked similar to Hitler. 06:31 PM See you tomorrow That\'s the end of tonight\'s live blog. Tune in from 7am tomorrow for more tech news, and take care until then. 06:14 PM Netflix leaps onto the TikTok bandwagon The TikTok clones just won\'t stop coming. Now Netflix is getting in on the act with a short-form comedy feed called Fast Laughs, showing around 100 brief clips per day. Story continues Unlike TikTok and similar services, this will be curated content – professionally produced and specifically picked out by Netlix. But it will also be designed for viewing on a vertical smartphone screen, and the clips could be as short as 15 seconds. That means Facebook (via Instagram), YouTube, Snapchat and numerous smaller companies such as Dubsmash and Triller are all attempting some kind of TikTok-like new product. There are more details on Netflix\'s effort over at Variety . 04:54 PM US could take \'18 months\' to recover fro
**Last 60 Days of Bitcoin's Closing Prices:**
[32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-03
**Financial & Commodity Data:**
- Gold Closing Price: $1715.30
- Crude Oil Closing Price: $61.28
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $964,250,224,500
- Hash Rate: 164146715.7094711
- Transaction Count: 333402.0
- Unique Addresses: 840642.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Glenn Hutchins, co-founder of global technology investment firm Silver Lake, countered the widely held view that bitcoin is mostly used for illicit activity when speaking at the World Economic Forum summit in Davos, Switzerland.
• Hutchins said the belief ignores the immutable nature of the blockchain technology underlyingbitcoin, reportedFinextraon Tuesday.
• Bitcoin “leaves a permanent, unalterable record, hence why almost all criminals using it are caught. It is fundamentally wrong to say that bitcoin is mostly used for crime,” he said.
• On the other hand, up to 90% of $100 bills are “used for organized crime and tax evasion” in the U.S., because cash is “untraceable and fungible,” Hutchins said.
• Indeed, as CoinDesk reported, blockchain sleuthing firm Chainalysis reported this month thatcriminal-linked activitymade up just 0.34% of cryptocurrency transaction volume in 2020, down from 2.1% the year before.
• Also speaking at Davos on Monday, Bank of England Governor Andrew Bailey took a more negative tone, arguing that digital innovation in payments is here to stay,but not cryptocurrencyas it currently stands.
• We’re still waiting for the right design and governance model for a “lasting digital currency,” Bailey said.
Read more:GameStop Investing Craze ‘Proof of Concept’ for Bitcoin Success, Says Scaramucci
• Silver Lake Co-Founder Tells Davos Cash Is Used Far More in Crime Than Bitcoin
• Silver Lake Co-Founder Tells Davos Cash Is Used Far More in Crime Than Bitcoin
• Silver Lake Co-Founder Tells Davos Cash Is Used Far More in Crime Than Bitcoin
• Silver Lake Co-Founder Tells Davos Cash Is Used Far More in Crime Than Bitcoin...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["A piece by famous street artist Banksy is to be\xa0sold as\xa0a non-fungible token (NFT) – after the original was physically burned in Brooklyn, N.Y., on Wednesday. It’s a first for the art industry as NFTs jump into the mainstream consciousness. The piece, “ Morons ,” which pokes fun at art collectors, has been burned by a team of crypto enthusiasts at a discreet Brooklyn location. Related: Inflation Is on the Rise in the Euro Area. Here's What That Means for Crypto Demand in Europe To be clear, Banksy was not involved. The piece was bought for roughly $100,000, an unnamed source told CoinDesk. The burning was live-streamed through the Twitter account @BurntBanksy , after which the team created an NFT to represent the artwork on the Ethereum-based OpenSea marketplace. An auction for the NFT will commence on OpenSea on March 4 with proceeds from the sale going to charity. The winning bidder will receive the official proof of authenticity from Banksy’s authentication agency, Pest Control. Banksy has destroyed his own artwork in the past, shredding his painting “Girl With Balloon” immediately after its $1.4 million sale at Sotheby’s. Related: Wyoming Senator Says National Debt Is Debasing the Value of the US Dollar. Is Bitcoin the Solution? “I think [Banksy] would appreciate what we are doing since he also promotes creativity and iconoclastic ideas,” the team behind the burn told CoinDesk in a statement. Related Stories Banksy Work Physically Burned and Digitized as NFT in Art-World First Banksy Work Physically Burned and Digitized as NFT in Art-World First", "A piece by famous street artist Banksy is to be\xa0sold as\xa0a non-fungible token (NFT) – after the original was physically burned in Brooklyn, N.Y., on Wednesday. It’s a first for the art industry as NFTs jump into the mainstream consciousness. The piece, “ Morons ,” which pokes fun at art collectors, has been burned by a team of crypto enthusiasts at a discreet Brooklyn location. Related: Inflation Is on the Rise in the Euro Area. Here's What That Means for Crypto Demand in Europe To be clear, Banksy was not involved. The piece was bought for roughly $100,000, an unnamed source told CoinDesk. The burning was live-streamed through the Twitter account @BurntBanksy , after which the team created an NFT to represent the artwork on the Ethereum-based OpenSea marketplace. An auction for the NFT will commence on OpenSea on March 4 with proceeds from the sale going to charity. The winning bidder will receive the official proof of authenticity from Banksy’s authentication agency, Pest Control. Banksy has destroyed his own artwork in the past, shredding his painting “Girl With Balloon” immediately after its $1.4 million sale at Sotheby’s. Related: Wyoming Senator Says National Debt Is Debasing the Value of the US Dollar. Is Bitcoin the Solution? “I think [Banksy] would appreciate what we are doing since he also promotes creativity and iconoclastic ideas,” the team behind the burn told CoinDesk in a statement. Related Stories Banksy Work Physically Burned and Digitized as NFT in Art-World First Banksy Work Physically Burned and Digitized as NFT in Art-World First", "NEW YORK, NY / ACCESSWIRE / March 3, 2021 /The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.\nTricida, Inc. (NASDAQ:TCDA)\nInvestors Affected: September 4, 2019 - October 28, 2020\nA class action has commenced on behalf of certain shareholders in Tricida, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Tricida's NDA for veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.\nShareholders may find more information athttps://securitiesclasslaw.com/securities/tricida-inc-loss-submission-form/?id=13302&from=1\nApache Corporation (NASDAQ:APA)\nInvestors Affected: September 7, 2016 - March 13, 2020\nA class action has commenced on behalf of certain shareholders in Apache Corporation. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Apache intentionally used unrealistic assumptions regarding the amount and composition of available oil and gas in Alpine High; (ii) Apache did not have the proper infrastructure in place to safely and/or economically drill and/or transport those resources even if they existed in the amounts purported; (iii) these misleading statements and omissions artificially inflated the value of the Company's operations in the Permian Basin; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.\nShareholders may find more information athttps://securitiesclasslaw.com/securities/apache-corporation-loss-submission-form/?id=13302&from=1\nRenewable Energy Group, Inc. (NASDAQ:REGI)\nInvestors Affected: May 3, 2018 - February 25, 2021\nA class action has commenced on behalf of certain shareholders in Renewable Energy Group, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company's customers; (2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) as a result, Renewable Energy's revenue and net income were overstated for certain periods; (4) there was a material weakness in the Company's internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.\nShareholders may find more information athttps://securitiesclasslaw.com/securities/renewable-energy-group-inc-loss-submission-form/?id=13302&from=1\nThe Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.\nCONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email:[email protected]: (212) 537-9430Fax: (833) 862-7770\nSOURCE:The Gross Law Firm\nView source version on accesswire.com:https://www.accesswire.com/633409/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-TCDA-APA-and-REGI", "NEW YORK, NY / ACCESSWIRE / March 3, 2021 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery. Tricida, Inc. (NASDAQ:TCDA) Investors Affected: September 4, 2019 - October 28, 2020 A class action has commenced on behalf of certain shareholders in Tricida, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Tricida's NDA for veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times. Shareholders may find more information at https://securitiesclasslaw.com/securities/tricida-inc-loss-submission-form/?id=13302&from=1 Apache Corporation (NASDAQ:APA) Investors Affected: September 7, 2016 - March 13, 2020 A class action has commenced on behalf of certain shareholders in Apache Corporation. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Apache intentionally used unrealistic assumptions regarding the amount and composition of available oil and gas in Alpine High; (ii) Apache did not have the proper infrastructure in place to safely and/or economically drill and/or transport those resources even if they existed in the amounts purported; (iii) these misleading statements and omissions artificially inflated the value of the Company's operations in the Permian Basin; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times. Shareholders may find more information at https://securitiesclasslaw.com/securities/apache-corporation-loss-submission-form/?id=13302&from=1 Renewable Energy Group, Inc. (NASDAQ:REGI) Investors Affected: May 3, 2018 - February 25, 2021 A class action has commenced on behalf of certain shareholders in Renewable Energy Group, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company's customers; (2) as a result, Renewable Ene
**Last 60 Days of Bitcoin's Closing Prices:**
[32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-04
**Financial & Commodity Data:**
- Gold Closing Price: $1700.20
- Crude Oil Closing Price: $63.83
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $907,610,913,250
- Hash Rate: 138228813.22902828
- Transaction Count: 289631.0
- Unique Addresses: 752764.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.84
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Few observers are better qualified than Alex Pickard to assess Elon Musk’sastounding decision to channel $1.5 billionof Tesla’s corporate cash into a bet on Bitcoin. Pickard is a former big-time Bitcoin miner who abandoned the cryptocurrency when, in his view, it strayed from the original mission of becoming a consumer currency and gold-like store of value to degenerate into a casino chip for digital gamblers. It so happens that Pickard is also a student of sound corporate practices as a vice president at Research Affiliates, a firm that oversees $145 billion in investment strategies for mutual funds and ETFs.
This writer recentlywrote a piecechronicling Pickard’s Bitcoin adventures, which encompassed buying $300,000 worth of ASIC-driven mining equipment and moving from sunny California to rustic Wenatchee, Wash., home to the lowest electricity prices in America. There, his machines whirred away in multiple garages. His dream came to grief when the local utility shut down his operation for overloading the grid and Bitcoin’s price tumbled over 80% in 2018. Given his vantage point, it was only natural that I query Pickard on Musk’s unorthodox gambit.
In my own story following the 10-K release that disclosed the purchase––and sent Bitcoin soaring over 20%, to around $48,000––I detailed how a drop in the hyper-volatile token’s value could easily erase a couple of quarters’ earnings, adding just what [hotlink]Tesla[/hotlink] doesn’t need—a denser fog obscuring where its profits are headed. But Pickard has a different objection: He says Musk is mistreating his shareholders by embracing Bitcoin. “Companies should return excess cash to shareholders and let investors decide how to use that cash, including the possibility of buying Bitcoin,” he tells me. He says that if Musk paid a special dividend using cash from that overflowing war chest, “he can take his dividend and do so [buy Bitcoin]” for his own portfolio.
Pickard adds that if a company decided to accept Bitcoin for purchases, it would make sense to hold tokens on its balance sheet (the logic being that Bitcoin would be intrinsic to its business since customers are using it to pay). But consumers buy almost nothing with Bitcoin. Indeed, Pickard points out that although Tesla unveiled plans to accept the tokens for payment at a later date, it views the $1.5 billion buy as a way to, as the 10-K states, “maximize returns on our cash.” In other words, as an investment that shifts 3% of the EV-maker’s assets from the safety of money-market funds and Treasuries into a wildly gyrating vehicle with no practical use. “Unless a company’s business model is a cryptocurrency hedge fund,” says Pickard, “it shouldn’t be making speculative bets on Bitcoin.”
Tesla’s receives significant subsidies from U.S. taxpayers. It receives zero emission vehicle (ZEV) credits from 11 states, most notably California, and federal carbon credits, both of which it trades for cash to rivals whose cars exceed the mandates for emissions. Ten states offer rebates or tax credits for buying Teslas (as well other EVs). In California, buyers can qualify for a $4500 rebate on a on a Model Y, whose Performance model starts at $59,990, as well as a $1500 Clean Fuel Reward. Tesla has also received $1.3 billion in incentives from Nevada for construction of its battery Gigafactory in Sparks. “In a way, taxpayers bought Bitcoin for Tesla,” says Pickard.
I asked Pickard if Tesla’s pledge to take payments in Bitcoin for its high-end vehicles is a sign that the quicksilver coin may finally fulfill its founding mission as a widely accepted currency. His view is that Bitcoin transactions are so expensive that the token is only good for buying extremely expensive items. “Bitcoin costs $10 to $20 per transaction, and 350,000 transactions is the maximum daily volume,” says Pickard. In its present form, Bitcoin could never be used for everyday purchases.
But if any product might be right for Bitcoin, it’s those $40,000 to $200,000 Teslas. Big transaction fees prevent supermarkets and drugstores from taking Bitcoin, but the $10 or $20 extra that it would cost Tesla is tiny compared to the big-ticket sale. Musk could captivate millennials who think it’s cool to buy a Model Y from their Bitcoin wallet. That’s if Tesla’s treasury can handle getting paid in tokens that lurch crazily to double-digit gains or losses in a single day. It might even bank the Bitcoin reaped from those sales to swell its already big bet on the cryptocurrency. For shareholders, that kind of craziness is uncool.
This story was originally featured onFortune.com...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, slid by 4.01% on Thursday. Reversing a 3.91% gain from Wednesday, Bitcoin ended the day at $48,388.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $51,777.0 before hitting reverse. Falling short of the first major resistance level at $52,649, Bitcoin slid to a late intraday low $47,603.0. The sell-off saw Bitcoin fall through the first major support level at $48,175 before ending the day at $48,300 levels. The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Ripple’s XRP rallied by 7.33% to buck the trend on the day. It was a bearish day for the rest of the majors, however. Cardano’s ADA and Chainlink slid by 8.31% and by 7.37% respectively to lead the way down. Binance Coin (-4.59%), Bitcoin Cash SV (-5.76%), and Litecoin (-3.75%) also saw relatively heavy losses. Crypto.com Coin (-1.81%), Ethereum (-1.83%), and Polkadot (-1.04%) saw relatively modest losses on the day, however. In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,422bn. Bitcoin’s dominance fell to a Tuesday low 61.08% before rising to a Tuesday high 62.40%. At the time of writing, Bitcoin’s dominance stood at 61.50%. This Morning At the time of writing, Bitcoin was down by 2.54% to $47,161.0. A bearish start to the day saw Bitcoin slide from an early morning high $48,389.0 to a low $47,055.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bearish start to the day for the majors At the time of writing, Crypto.com Coin was down by 4.97% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $49,256 to bring the first major resistance level at $50,909 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels. Barring an extended crypto rally, the first major resistance level and Thursday’s high $51,777.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,430. Failure to move through the $49,256 pivot would bring the first major support level at $46,735 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,501 and the second major support level at $45,082. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Reaching Down Towards Massive Support Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 5th, 2021 Natural Gas Price Forecast – Natural Gas Markets Look Sluggish Kroger Tops Q4 Estimates, But Expects Sales Slowdown as Pandemic-Driven Demand Wanes Can the S&P500 Reach Around 3770 Before Moving to 4000? Stocks Tumble, Gold Dumps , Dollar Jumps Amid Treasury Yield Spike as Powell Signals Inflation is Ahead', 'Bitcoin, BTC to USD, slid by 4.01% on Thursday. Reversing a 3.91% gain from Wednesday, Bitcoin ended the day at $48,388.0.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $51,777.0 before hitting reverse.\nFalling short of the first major resistance level at $52,649, Bitcoin slid to a late intraday low $47,603.0.\nThe sell-off saw Bitcoin fall through the first major support level at $48,175 before ending the day at $48,300 levels.\nThe near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Thursday.\nRipple’s XRPrallied by 7.33% to buck the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nCardano’s ADAandChainlinkslid by 8.31% and by 7.37% respectively to lead the way down.\nBinance Coin(-4.59%),Bitcoin Cash SV(-5.76%), andLitecoin(-3.75%) also saw relatively heavy losses.\nCrypto.com Coin(-1.81%),Ethereum(-1.83%), and Polkadot (-1.04%) saw relatively modest losses on the day, however.\nIn the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,422bn.\nBitcoin’s dominance fell to a Tuesday low 61.08% before rising to a Tuesday high 62.40%. At the time of writing, Bitcoin’s dominance stood at 61.50%.\nAt the time of writing, Bitcoin was down by 2.54% to $47,161.0. A bearish start to the day saw Bitcoin slide from an early morning high $48,389.0 to a low $47,055.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bearish start to the day for the majors\nAt the time of writing, Crypto.com Coin was down by 4.97% to lead the way down.\nBitcoin would need to move through the pivot level at $49,256 to bring the first major resistance level at $50,909 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $50,000 levels.\nBarring an extended crypto rally, the first major resistance level and Thursday’s high $51,777.0 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,430.\nFailure to move through the $49,256 pivot would bring the first major support level at $46,735 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,501 and the second major support level at $45,082.\nThisarticlewas originally posted on FX Empire\n• Gold Price Forecast – Gold Reaching Down Towards Massive Support\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 5th, 2021\n• Natural Gas Price Forecast – Natural Gas Markets Look Sluggish\n• Kroger Tops Q4 Estimates, But Expects Sales Slowdown as Pandemic-Driven Demand Wanes\n• Can the S&P500 Reach Around 3770 Before Moving to 4000?\n• Stocks Tumble, Gold Dumps , Dollar Jumps Amid Treasury Yield Spike as Powell Signals Inflation is Ahead', "Square Inc\x92s (NYSE: SQ ) purchase of Jay-Z\x92s Tidal could lead to a boost of the cryptocurrency ecosystem. What Happened: Square CEO Jack Dorsey said Thursday on Twitter that just as the company created ecosystems of tools for sellers and individuals it would do the same for artists. \x93We\x92ll work on entirely new listening experiences to bring fans closer together, simple integrations for merch sales, modern collaboration tools, and new complementary revenue streams.\x94 New offerings by Square could capitalize on emerging technologies such as blockchain and cryptocurrencies, which are viewed favorably by Dorsey, Reuters reported . \x93You need the applications to drive the new economy,\x94 said Gartner technology analyst Avivah Litan. \x93No one\x92s going to just go get a cryptocurrency wallet if there\x92s nothing to buy,\x94 said Litan, as per Reuters. Why It Matters: Square purchased a majority stake in Tidal for 7 million in a cash-and-stock deal and cited \x93economic empowerment to a new vertical: musicians\x94 as a motive. Dorsey and Square are upbeat on cryptocurrency and blockchain, with the company buying 0 million worth of Bitcoin (CRYPTO: BTC) last month. Dorsey supports decentralization technologies like blockchain because of their potential to circumvent reliance on big tech companies which profit as gatekeepers, noted Reuters. Non-fungible tokens could reportedly be used to establish ownership of digital media by Square and Tidal. Litan pointed that NFT could be used to verify the authenticity of autographs and memorabilia. On Wednesday, a group of cryptocurrency enthusiasts burned a 2006 Banksy artwork titled \x93Morons\x94 in order to auction it as an NFT. Not everyone is enthusiastic about NFT, with Litecoin (CRYPTO: LTC) creator Charlie Lee dismissing the hype surrounding the technology. Price Action: BTC traded 8.37% lower at $46,589.44 at press time. Square shares closed nearly 6.7% lower at $218.41 on Thursday and fell almost 3.4% to $211 in after-hours trading. Story continues See more from Benzinga Click here for options trades from Benzinga 'Morons:' Crypto Enthusiasts Burn Banksy's Real Artwork To Turn It Into Digital Token Such Speed, Much Wow! Dogecoin To Make A Reappearance At NASCAR © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Square Inc\x92s (NYSE: SQ ) purchase of Jay-Z\x92s Tidal could lead to a boost of the cryptocurrency ecosystem. What Happened: Square CEO Jack Dorsey said Thursday on Twitter that just as the company created ecosystems of tools for sellers and individuals it would do the same for artists. \x93We\x92ll work on entirely new listening experiences to bring fans closer together, simple integrations for merch sales, modern collaboration tools, and new complementary revenue streams.\x94 New offerings by Square could capitalize on emerging technologies such as blockchain and cryptocurrencies, which are viewed favorably by Dorsey, Reuters reported . \x93You need the applications to drive the new economy,\x94 said Gartner technology analyst Avivah Litan. \x93No one\x92s going to just go get a cryptocurrency wallet if there\x92s nothing to buy,\x94 said Litan, as per Reuters. Why It Matters: Square purchased a majority stake in Tidal for 7 million in a cash-and-stock deal and cited \x93economic empowerment to a new vertical: musicians\x94 as a motive. Dorsey and Square are upbeat on cryptocurrency and blockchain, with the company buying 0 million worth of Bitcoin (CRYPTO: BTC) last month. Dorsey supports decentralization technologies like blockchain because of their potential to circumvent
**Last 60 Days of Bitcoin's Closing Prices:**
[31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-05
**Financial & Commodity Data:**
- Gold Closing Price: $1698.00
- Crude Oil Closing Price: $66.09
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $880,081,112,791
- Hash Rate: 160906977.89941573
- Transaction Count: 317780.0
- Unique Addresses: 806404.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.77
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BERLIN, GERMANY / ACCESSWIRE / February 25, 2021 / Strudel Finance the first trustless bridge connecting Bitcoin and Ethereum. Users need such systems to leverage the Decentralized Finance innovations that have helped make the digital currency network faster, secure, and smoother. Where Bitcoin lacks modern systems like smart contracts and a diversified network, which makes it slow and insecure, Strudel Finance fills those gaps making Bitcoin even more efficient, secure, and profitable. Strudel Finance Links Bitcoin and Ethereum By way of its operation, Strudel Finance connects both these cryptocurrencies resulting in the creation of another asset, vBTC. With the inception of vBTC, users can easily trade off the counterparty risk for market risk. This means that the parties involved in trade with vBTC cannot dishonor the agreement and thus user's investment will always be safe. Strudel Finance, by way of its operational system ensures that the user's interests are always protected. In the future, Strudel Finance has the potential to change the static systems of blockchain and bring about dynamism into the entire framework. This is done to liberate BTC from the traditional trading markets that can put BTC and its investors through systemic risk and impromptu regulations just like the assets running on wall street are currently exposed to. Strudel Burns Bitcoin Permanently Users planning to use the Strudel Finance platform must be aware of the fact that once their BTC is burned and converted, it cannot be reversed to obtain its original form. Having said that, the burning of the BTC to vBTC with Ethereum is done in a 1:1 ratio. This means that by giving 1 BTC the users will receive 1 vBTC in return and this action is irreversible. BTC has a centralized character and the network does not have smart contracts. vBTC is an ERC-20 compatible token that runs under a decentralized structure giving the users freedom to trade their assets as per their understanding and requirements. Story continues The wrapped BTC under Strudel Finance is Better There are other similar mechanisms that allow wrapping the BTC into their dedicated assets, such as WBTC or RENBTC. One of the major concerns about this wrapping is the changes in the value of the wrapped token. With other wrapped BTC tokens, there is a risk of losing their value because they utilize the Multi-Sig technology to secure and encrypt the wrapped token's value. There are 12 signers under the multi-sig technology that keeps everything in place. But in case, these 12 signers decide to collude together and remove the security layer, the wrapped BTC will lose its pegged value causing a plummeting decrease in the value. vBTC under Strudel Finance offers a unique and innovative solution by leveraging a set of crypto economic incentives and integration with other protocols to induce demand for the product that mantains the price. Price Stability of vBTC Value or price collapse is one of the major issues faced by wrapped tokens. In a market that is defined by competition, the users cannot afford to take a wrong step and risk losing their investment. So, to help the users with keeping their assets strong, vBTC can be used to deposit liquidity in the vBTC/ETH pool and earn fees for facilitating market activities. Furthermore, alongside the wrapping operation, $TRDL is minted and early users or adopters stand to gain a heavy reward from this transfer. The same $TRDL is also distributed per block to the liquidity providers contributing to the Terra-farming pools present on the Strudel Finance platform. Algorithm to Maintain the Price Stability To maintain stability between the BTC and ETH market prices, the Strudel Finance platform uses a smart system. In case the price is stable and the BTC/ETH price correlates, the users earn rewards. In case, vBTC is higher than BTC, a dutch auction can be started by $TRDL holders to liquidate vBTC. The profits from this trade are used to buyback $TRDL and then burn them to increase the value of the $TRDL token. In case vBTC is less than BTC, the additional liquidity is used to maintain the market price with arbitrage trading. About Strudel Finance Strudel Finance is a unique and innovative solution provider that not only has an in-built token wrapper algorithm, but also has different farming pools, bridges BTC into a DeFi ecosystem, and creates the potential for liquidity providers to earn. All these functions are facilitated via smart contracts with a decentralized system making vBTC a much more time-oriented and advanced asset in the digital economy. Media Contact: Xavier Vera Verduga - COO Email - [email protected] PR - Cryptoshib.com Email - [email protected] SOURCE: Strudel Finance View source version on accesswire.com: https://www.accesswire.com/631968/Strudel-Finance-Bridging-the-Gap-Between-ETH-and-BTC-in-a-Unique-Way...
- Reddit Posts (Sample): [['u/Twoehy', "How I've started using Chaintip", 42, '2021-03-05 00:05', 'https://www.reddit.com/r/btc/comments/lxxzd6/how_ive_started_using_chaintip/', "First off, chaintip is awesome.\n\nSo, my recent (small) effort to promote BCH has been to sit on the /r/trezor subreddit and whenever people make a post about their BTC tx not confirming because the fee was too low, which is plenty often, I try to troubleshoot/answer as best I can, and then I tip them in BCH.\n\nSo far the acceptance rate hasn't been amazing, but I'm also only tipping like .50 at a time. I'm sure if I was handing out ten bucks I'd get more people claiming it. Honestly I should probably just up it to a dollar and see what happens. There's probably a psychological threshold, I just don't know how high that is.\n\nI'm sure one could do the same thing on other various subreddits for bitcoin wallets, but I only have so much time. But still, if I can get someone's attention for a couple minutes of my time and 50 cents I call that worth.\n\nAnyway, that's my tiny thing", 'https://www.reddit.com/r/btc/comments/lxxzd6/how_ive_started_using_chaintip/', 'lxxzd6', [['u/knowbodynows', 12, '2021-03-05 00:17', 'https://www.reddit.com/r/btc/comments/lxxzd6/how_ive_started_using_chaintip/gppmu2s/', "r/depthHub is a good place to tip. The author's are often open minded and not afraid of research (if not in love with research). The other readers look up to depthhub authors so it's a nice bonus advertisement when they accept or remark on the tip.", 'lxxzd6'], ['u/moleccc', 25, '2021-03-05 00:22', 'https://www.reddit.com/r/btc/comments/lxxzd6/how_ive_started_using_chaintip/gppnhcy/', '/u/chaintip please up your tips using this\n\nThanks for the effort', 'lxxzd6'], ['u/chaintip', 11, '2021-03-05 00:24', 'https://www.reddit.com/r/btc/comments/lxxzd6/how_ive_started_using_chaintip/gppnm67/', "***\nu/Twoehy, you've [been sent](https://explorer.bitcoin.com/bch/address/bitcoincash:qrelay2d3cvcf4h2kzxr4xvgdp64jj2ydq9ggdu7e7) `0.2651626 BCH`| `~ 134.33 USD` by u/moleccc\nvia [chaintip](http://www.chaintip.org).\n***", 'lxxzd6'], ['u/Twoehy', 18, '2021-03-05 00:36', 'https://www.reddit.com/r/btc/comments/lxxzd6/how_ive_started_using_chaintip/gppp2ay/', 'Oh shit.\n\nedit: promise to pay this forward.', 'lxxzd6'], ['u/fredbloggsthrowaway', 14, '2021-03-05 01:30', 'https://www.reddit.com/r/btc/comments/lxxzd6/how_ive_started_using_chaintip/gppvjae/', "like it, raises awareness, helps users, promotes real use of the BCH network \n\n\nwhat's not to like. u/chaintip", 'lxxzd6']]], ['u/DanghisKhan69', 'Bitcoin: sideways movement = good for long term sustainability', 92, '2021-03-05 00:12', 'https://www.reddit.com/r/CryptoCurrency/comments/lxy429/bitcoin_sideways_movement_good_for_long_term/', 'While never ending growth is nice, it is not sustainable - here’s why. \n\n- PRICE BUILT ON MARGIN: Bitcoin’s recent incredible bullrun to 50,000 has been great for the entire crypto markets. However, with great momentum comes momentum trading. \nMany investors in the bitcoin market have been borrowing money to increase their holdings. Margin and leverage trading are available on most trading platforms and while that is good in the short term, it can lead to wild price swings once the momentum ends.\n\n- SIDEWAYS = GOOD?: Yes. A temporary flatline in price is the best thing for the long term value of bitcoin. A flatline in value will reduce the risk of investor over extending themselves on their investments.\n\n- TAKE A BREATHER - Right now the crypto markets are weather the recent increase in bond yields incredibly well. If investors can HODL while deleveraging their position, continued growth is a sure thing.', 'https://www.reddit.com/r/CryptoCurrency/comments/lxy429/bitcoin_sideways_movement_good_for_long_term/', 'lxy429', [['u/crptonite', 11, '2021-03-05 00:16', 'https://www.reddit.com/r/CryptoCurrency/comments/lxy429/bitcoin_sideways_movement_good_for_long_term/gppmrlx/', "I agree with you completely. I'd rather see BTC going sideways than jumping and dropping 30% every week. BTC and all other crypto's need to consolidate for a few weeks or maybe a couple of months before we start our way to 100k. Until then hodl your BTC, gather more cash and DCA. Just my 2 cents.", 'lxy429']]], ['u/urza23', 'Bug in implementation of CT and RincgCT in cryptocurrency Particl led to creation coins out of thin air.', 35, '2021-03-05 00:56', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/', 'The disclosure is here:\n\n[https://particl.news/particl-vulnerability-disclosure/](https://particl.news/particl-vulnerability-disclosure/)\n\n​\n\nI am posting this to Monero reddit, becase it is partialy related, Particl used Moneros CT and RingCT but they implemented it themself onto bitcoin codebase. They had bug in transparent-to-CT transaction where they didnt checked the commitment. \n\nSomeone exploited this to create **at least 658,129 PART coins** from nothing.', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/', 'lxyzu1', [['u/geonic_', 14, '2021-03-05 01:24', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/gppurox/', 'The risks of rolling your own crypto.', 'lxyzu1'], ['u/hyc_symas', 21, '2021-03-05 01:25', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/gppuxrb/', "And they were so proud of themselves...\nhttps://particl.news/ringct-bulletproofs-now-available-on-mainnet-b97a06a56fa9/\n\nKinda curious to see their audit report from Quarkslab now. [Edit: the exploited code wasn't part of the audit. Doh...]\n\nAnd they were so sure they would instantly detect a bug of this nature\nhttps://particl.wiki/learn/privacy/transaction-types/", 'lxyzu1'], ['u/DragonSided-D', 11, '2021-03-05 01:48', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/gppxkfr/', 'I have been wishing that Particl would : \na) adopt Monero as a base payment method, \n(b) use an existing dapp platform for decentralized exchange as opposed to building their own, and \n(c) drop the “native token” because it’s really not necessary', 'lxyzu1'], ['u/gingeropolous', 14, '2021-03-05 04:55', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/gpqimsb/', 'so, one of the morals is to make sure you get the implementation audited as well as the protocol, cryptography, and libraries? \n\n> Although the protocol, cryptography, and libraries of the RingCT and Bulletproofs protocols have been thoroughly audited by the renowned Quarkslab security firm, the specific portion of the code that was exploited, which is its implementation, didn’t fall under the scope of their audit or mandate.', 'lxyzu1'], ['u/bawdyanarchist', 14, '2021-03-05 05:49', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/gpqo1zh/', 'Someone around the XMR reddits was asking if I/we were "afraid" of what would happen to Monero once Particl [insertfancyname] v3 was rolled out later this year. lol', 'lxyzu1'], ['u/rbrunner7', 12, '2021-03-05 07:09', 'https://www.reddit.com/r/Monero/comments/lxyzu1/bug_in_implementation_of_ct_and_rincgct_in/gpqv27d/', 'From the linked disclosure:\n\n> Once the investigation concludes, the total circulating supply of Particl will be adjusted to its new, post-inflationary bug value with full certainty, effectively restoring the chain’s integrity.\n\nI don\'t know enough math and advanced cryptography to judge this, but the statement, written like this using the wording "with full certainty", sounds a bit optimistic to me.\n\n**EDIT**, to add: Reading further, I learned this:\n\n> To ensure that no exploited coins can be used post-hardfork, all the anon and blind outputs originating from before the hardfork will be frozen. It’ll then be possible for legitimate users to unfreeze them by going through a series of manual steps to prove their legitimacy.\n\nThat\'s, well, pretty drastic I would say.', 'lxyzu1']]], ['u/F9ftyn9ne', 'Getting into bitcoin', 17, '2021-03-05 01:14', 'https://www.reddit.com/r/Bitcoin/comments/lxzc6d/getting_into_bitcoin/', 'Is it possible to invest/buy into bitcoin, if one does not have 40-50k?', 'https://www.reddit.com/r/Bitcoin/comments/lxzc6d/getting_into_bitcoin/', 'lxzc6d', [['u/BuyBitcoinYaDingus', 46, '2021-03-05 01:15', 'https://www.reddit.com/r/Bitcoin/comments/lxzc6d/getting_into_bitcoin/gpptnw8/', 'No its impossible, no poors allowed', 'lxzc6d'], ['u/CryptoAnarchyst', 14, '2021-03-05 01:17', 'https://www.reddit.com/r/Bitcoin/comments/lxzc6d/getting_into_bitcoin/gpptvz1/', 'Take my upvote you asshole... and the last award I have for the month.', 'lxzc6d'], ['u/Gammusbert', 18, '2021-03-05 01:17', 'https://www.reddit.com/r/Bitcoin/comments/lxzc6d/getting_into_bitcoin/gpptydp/', 'You don’t have to buy a full coin you can buy a fraction. You could literally buy $1 of bitcoin if you wanted to', 'lxzc6d']]], ['u/jolleeeeek', 'Considering making ENJ my biggest position', 38, '2021-03-05 01:17', 'https://www.reddit.com/r/EnjinCoin/comments/lxzesc/considering_making_enj_my_biggest_position/', 'Outside of bitcoin, i dont really believe in it fully or understand what their purpose are, i hold BTC, ETH, LINK and ADA.\n\nI bought enjin at 0.5 when my friend recommended it, got tired of it since nothing happened and put it into ada, managed to sell some of that from 1.30-1.40 that i later put back into ENJ at 1.12 1.20 and most around 1.35.\n\n\nThis one i really believe in though, sadly i barely looked into it at way better prices and got pretty fucking lucky with how i got out and in before it surged, but i dont understand it fully either, does anyone have any good links or something that explains it a bit further? \n\nAs far as i understand its like a token you buy ingame items with and cosmetics? Can you buy actua...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 0.91% on Friday. Partially reversing a 4.01% slide from Thursday, Bitcoin ended the day at $48,830.0. A bearish start to the day saw Bitcoin slide to an early morning intraday low $46,417.0 before making a move. Bitcoin fell through the first major support level at $46,735 before striking a late intraday high $49,489.0. Falling short of the first major resistance level at $50,909, Bitcoin fell back to $48,600 levels before wrapping up the day at $48,800 levels. The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Ripple’s XRP and Polkadot slid by 5.27% and by 5.47% respectively to lead the way down. Binance Coin (-1.86%), Bitcoin Cash SV (-1.67%), Crypto.com Coin (-2.38%), Ethereum (-0.70%), and Litecoin (-0.16%) also saw red. It was a bullish day for the rest of the majors, however. Cardano’s ADA rallied by 4.20% to lead the way, with Chainlink (+0.57%) also joining Bitcoin in the green. In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,486bn. Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Thursday low 61.06%. At the time of writing, Bitcoin’s dominance stood at 61.45%. This Morning At the time of writing, Bitcoin was up by 0.45% to $49,048.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,826.0 to a high $49,238.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. At the time of writing, Crypto.com Coin was up by 2.16% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $48,245 to bring the first major resistance level at $50,074 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,317. Failure to avoid a fall through the $48,245 pivot would bring the first major support level at $47,002 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,501 and the second major support level at $45,173. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher Silver Price Forecast – Silver Markets Test 25 USD Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 6th, 2021 Why Tesla Shares Are Down By 10% Today? Costco Wholesale Misses Earnings Estimates; Analysts Cut Target Price Gold Price Forecast – A Rare Post Crisis Buying Opportunity', 'Bitcoin , BTC to USD, rose by 0.91% on Friday. Partially reversing a 4.01% slide from Thursday, Bitcoin ended the day at $48,830.0. A bearish start to the day saw Bitcoin slide to an early morning intraday low $46,417.0 before making a move. Bitcoin fell through the first major support level at $46,735 before striking a late intraday high $49,489.0. Falling short of the first major resistance level at $50,909, Bitcoin fell back to $48,600 levels before wrapping up the day at $48,800 levels. The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Ripple’s XRP and Polkadot slid by 5.27% and by 5.47% respectively to lead the way down. Binance Coin (-1.86%), Bitcoin Cash SV (-1.67%), Crypto.com Coin (-2.38%), Ethereum (-0.70%), and Litecoin (-0.16%) also saw red. It was a bullish day for the rest of the majors, however. Cardano’s ADA rallied by 4.20% to lead the way, with Chainlink (+0.57%) also joining Bitcoin in the green. In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,486bn. Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Thursday low 61.06%. At the time of writing, Bitcoin’s dominance stood at 61.45%. This Morning At the time of writing, Bitcoin was up by 0.45% to $49,048.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,826.0 to a high $49,238.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. At the time of writing, Crypto.com Coin was up by 2.16% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $48,245 to bring the first major resistance level at $50,074 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,317. Failure to avoid a fall through the $48,245 pivot would bring the first major support level at $47,002 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,501 and the second major support level at $45,173. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher Silver Price Forecast – Silver Markets Test 25 USD Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 6th, 2021 Why Tesla Shares Are Down By 10% Today? Costco Wholesale Misses Earnings Estimates; Analysts Cut Target Price Gold Price Forecast – A Rare Post Crisis Buying Opportunity', "Bidding on the genesis tweet is heating up.\nOn Friday, Twitter CEO Jack Dorsey called attention to a tokenized version of his firsttweeton the non-fungible token (NFT) platform Valuables. Even though the 2006 tweet was minted in December 2020, Dorsey’s Friday tweet has ignited a bidding war, reflecting today’s frothy market for crypto collectibles.\nAs of early Saturday afternoon, the high bid was$2.5 million, made by Sina Estavi, whoseLinkedIn profiledescribes him as CEO of Malaysia-based (and TRON-affiliated) Bridge Oracle. Estavi has been vying for the historic tweet with Justin Sun, the founder ofTRONand the CEO of BitTorrent.\nRelated:Bitcoin's Stimulus-Led Rise Fades as Stocks Drop, Dollar Gains\nValuablesis an Ethereum-based platform created by the social networkCentthat allows users of Twitter to authenticate their tweets for sale to others (think of them as digitally signed copies). The tokenized tweets are only sold when the author of the tweet accepts a bid.\nAnyone can offer to buy a tweet on the platform. For example, thefirst bidfor the tweet in question was $1 from @TheGaloisCxn on Dec. 15, 2020.\nThis is the tweet that Estavi apparently now thinks is worth $2.5 million:\nDorsey is a well-knownfan of bitcoin, making multiple forays into the space. Cash App, from his other company, Square, is a major venue for retail investorsto purchase the cryptocurrency. Dorsey also invested inLightning Labs, a second layer on the Bitcoin network, seen as a scaling solution.\nRelated:Norway-Listed Aker to Put 100% Bitcoin in Treasury Reserves of New Investment Unit\nThis is Dorsey’s first time showing interest in Ethereum. Many people around the tech industry suggested that the recent boom in NFTs may partially explain Square’s announcement Thursday that it would acquire the music streaming siteTidal(prior to that announcement, Dorsey announceda collaborationwith rapper Jay-Z to expand the use ofbitcoinin Africa).\nThe fight over the first-ever tweet on an Ethereum-based platform should only add fuel to that fire.\nUPDATE (March 6, 13:24 UTC):Updates with latest bidding.UPDATE (March 6, 13:42 UTC):Updates with latest bidding.UPDATE (March 6, 14:51 UTC):Updates with latest bidding.UPDATE (March 6, 16:20 UTC):Rewrites throughout.UPDATE (March 6, 18:06 UTC):Updates with latest bidding.\n• Bidding Reaches $2.5M as Twitter’s Dorsey Highlights NFT Version of First-Ever Tweet\n• Bidding Reaches $2.5M as Twitter’s Dorsey Highlights NFT Version of First-Ever Tweet", "Bidding on the genesis tweet is heating up. On Friday, Twitter CEO Jack Dorsey called attention to a tokenized version of his first tweet on the non-fungible token (NFT) platform Valuables. Even though the 2006 tweet was minted in December 2020, Dorsey’s Friday tweet has ignited a bidding war, reflecting today’s frothy market for crypto collectibles. As of early Saturday afternoon, the high bid was $2.5 million , made by Sina Estavi, whose LinkedIn profile describes him as CEO of Malaysia-based (and TRON-affiliated) Bridge Oracle. Estavi has been vying for the historic tweet with Justin Sun, the founder of TRON and the CEO of BitTorrent. Related: Bitcoin's Stimulus-Led Rise Fades as Stocks Drop, Dollar Gains Valuables is an Ethereum-based platform created by the social network Cent that allows users of Twitter to authenticate their tweets for sale to others (think of them as digitally signed copies). The tokenized tweets are only sold when the author of the tweet accepts a bid. Anyone can offer to buy a tweet on the platform. For example, the first bid for the tweet in question was $1 from @TheGaloisCxn on Dec. 15, 2020. This is the tweet that Estavi apparently now thinks is worth $2.5 million: Dorsey is a well-known fan of bitcoin , making multiple forays into the space. Cash App, from his other company, Square, is a major venue for
**Last 60 Days of Bitcoin's Closing Prices:**
[33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-06
**Financial & Commodity Data:**
- Gold Closing Price: $1698.00
- Crude Oil Closing Price: $66.09
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $905,354,405,719
- Hash Rate: 162254330.9888254
- Transaction Count: 287963.0
- Unique Addresses: 677322.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.77
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Even during a pandemic, could a stock's 1,500% surge lead to some extra foot traffic? The short-covering fiasco seen in GameStop Corp.'s (NYSE: GME ) stock appears to have little to no impact. Placer.AI On GameStop: Shares of GameStop traded near the $500 per share mark on Jan. 28, but foot traffic trends at GameStop stores nationwide were worsening, according to data provided to Benzinga from foot traffic analytics firm Placer.ai. Weekly visits at GameStop stores for the week of Jan. 4 were down 12.5% year-over-year. Traffic trends deteriorated through the end of the month, as visits were down 16.1% year-over-year the following week and down 19% the week thereafter. Coinciding with the peak of GameStop's stock, traffic was down 20.3% year-over-year for the week of Jan. 25, according to Placer.ai. For the full month of January, monthly visits were down 16.8% year-over-year. Related Link: The Rise And Fall Of Meme Stocks Gravy Analytics On GameStop: Data from Gravy Analytics, a provider of real-world location intelligence data, leads to a similar conclusion: GameStop's soaring stock had no impact on foot traffic trends. GameStop's foot traffic trends briefly trended above zero during the holiday season, but any year-over-year gains were short-lived, according to data provided to Benzinga. GameStop's traffic trends amid the stock's peak were down from the prior week. For the seven-day period starting Jan. 17, weekly visits were down 34% from the prior period. Time will tell if GameStop's same-store sales or e-commerce sales will have seen an impact from the stock surge. GameStop did not respond to requests for comment for this story. Photo by Mike Mozart via Wikimedia . See more from Benzinga Click here for options trades from Benzinga What Do The Pros Think About Tesla's Bitcoin Investment? GameStop Creates CTO Position, Hires Former Amazon, Chewy Execs © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/Mazkar', 'SOS expected stock price comparing hashrates to MARA/RIOT', 125, '2021-03-06 00:08', 'https://www.reddit.com/r/SOSStock/comments/lyocqm/sos_expected_stock_price_comparing_hashrates_to/', "Reposting this with updated numbers to help the boys hold through the red:\n\nUsing a bitcoin price of \\~$49.3k and eth of $1.55k:\n\nMara - Currently has 1.01 eh/s which is $324k a day in revenue. But not that Mara is expected to increase this to 1.4 eh/s by the end of march\n\nRiot - Currently has 1.06 eh/s which is $342k a day in revenue\n\nSOS hashrate - With all \\~15600 machines set up - 527P btc and 1056G ETH, which is $182k and $92K respectively ($275k total). With just the first 5000 the revenue is $88k, with 10000 set up it is $176k. Currently they have the first 5000 set up and are working on the 2nd 5000 so we should be at $176k soon.\n\nMara's market cap is $2.82B at a $30 price. Riot's market cap is $2.7B at a $40 price. SOS has a market cap of $750mil at a $6.5 price.\n\n​\n\nCompared to Mara:\n\n5000 miners: SOS's revenue is 27% of Mara's. 27% of Mara's market cap is $0.77B. $0.77B divided by 115mil outstanding SOS shares is a share price of $6.63.\n\n10000 miners: SOS's revenue is 54% of Mara's. Expected share price is $13.25 using the math above.\n\nAll miners: SOS's revenue is 85% of Mara's. Expected share price: $20.68.\n\n​\n\nCompared to Riot:\n\n5000 miners: SOS's revenue is 26% of Riot's. (Same math as above) Expected share price: $6.02.\n\n10000 miners: SOS's revenue is 51% of Riot's. Expected share price: $12.03\n\nAll miners: SOS's revenue is 80% of Riot's. Expected share price: $18.77.\n\n​\n\nThese estimates only take mining revenue into account, it doesn't account for the other businesses SOS is doing nor does it account for the like $300M - $500M of cash SOS is supposed to have on hand, mainly because I don't know how much cash MARA and RIOT have on hand. But as you can see we're fairly valued for only having 5000 miners online. When the PR hits that we have 10,000 miners online our value based on fundamentals will jump to $12-$13.", 'https://www.reddit.com/r/SOSStock/comments/lyocqm/sos_expected_stock_price_comparing_hashrates_to/', 'lyocqm', [['u/Gainzzzxz', 27, '2021-03-06 00:14', 'https://www.reddit.com/r/SOSStock/comments/lyocqm/sos_expected_stock_price_comparing_hashrates_to/gptun8a/', 'Im a retard, everytime I see Sos I like', 'lyocqm'], ['u/Third-I-Vision', 18, '2021-03-06 00:16', 'https://www.reddit.com/r/SOSStock/comments/lyocqm/sos_expected_stock_price_comparing_hashrates_to/gptuvvf/', 'This is some good research! thank you for it!', 'lyocqm'], ['u/BagBoyEntertainment', 27, '2021-03-06 00:16', 'https://www.reddit.com/r/SOSStock/comments/lyocqm/sos_expected_stock_price_comparing_hashrates_to/gptuvzl/', 'If it wasn’t for “lies”enburg, sos would have probably steam rolled $13 a week ago.', 'lyocqm'], ['u/[deleted]', 14, '2021-03-06 01:16', 'https://www.reddit.com/r/SOSStock/comments/lyocqm/sos_expected_stock_price_comparing_hashrates_to/gpu1iin/', "We should take electricity cost into account right? Doesn't SOS have much cheaper electricity?", 'lyocqm'], ['u/Mazkar', 11, '2021-03-06 03:21', 'https://www.reddit.com/r/SOSStock/comments/lyocqm/sos_expected_stock_price_comparing_hashrates_to/gpumgch/', "Those scam allegations that got spread all over really hit us hard. I've been guessing that they're going to officially respond to them once the get the 2nd set going, which should be this week. If that happens ohhh boy it's gonna shoot up like crazy.", 'lyocqm']]], ['u/dk2014neverforget', 'My genius plan for BTC powered by Celsius', 24, '2021-03-06 00:36', 'https://www.reddit.com/r/CelsiusNetwork/comments/lyovl0/my_genius_plan_for_btc_powered_by_celsius/', 'Hi guys, want you to shit on my genius plan:\n\nAssumptions:\n\n\\--BTC will never drop 75% from peak anymore, ever again.\n\n\\--Celsius Network wont steal my money\n\n\\--I am okay to missout on massive paydays of selling BTC at the top\n\n\\--I will NEVER sell BTC\n\n​\n\nMethod:\n\n1. Continuously take out 1%/ LTV25% loans against my BTC on 6 months terms as it goes up.\n2. 6 months terms allows me to refinance and continue to extend the loan forever\n3. I will borrow USDC and keep them in Celsius Wallet\n4. I will continue to refinance and drawout more USDC from the value of my BTC as the price goes up via 1%/ LTV25% loans ---adding more and more USDC\n5. USDC earns interest.\n6. When the market retraces 60-74%... I have a stash of USDC to buy more BTC\n\n​\n\nAm I a genius?', 'https://www.reddit.com/r/CelsiusNetwork/comments/lyovl0/my_genius_plan_for_btc_powered_by_celsius/', 'lyovl0', [['u/flyfree256', 70, '2021-03-06 01:36', 'https://www.reddit.com/r/CelsiusNetwork/comments/lyovl0/my_genius_plan_for_btc_powered_by_celsius/gpu4ayn/', "Say you have 1 BTC (~$50k). Putting that up as collateral 4:1 means you get 12.5k USDC. If your plan is to earn 10% on that 12.5k that's 1.25k a year (not doing the compound math). You could've instead earned 6% on the 1 BTC ($3k). So this only makes sense if you think BTC will drop more than 50% to do (in which case just sell the BTC and put it all in USDC for $5k a year).", 'lyovl0'], ['u/Daddeus65', 20, '2021-03-06 01:50', 'https://www.reddit.com/r/CelsiusNetwork/comments/lyovl0/my_genius_plan_for_btc_powered_by_celsius/gpu6rhg/', 'This mans a genius.', 'lyovl0']]], ['u/Theauntgate', 'Bitcoin investors are holding their coins again', 97, '2021-03-06 00:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/lyp8s2/bitcoin_investors_are_holding_their_coins_again/', 'From the article :\n\n​\n\nThe total number of Bitcoins on the exchanges is falling again, having gradually decreased since the beginning of 2021, according to data from Glassnode.\n\nKnowing how much Bitcoin is held on the exchanges can tell us a lot about the current state of the market, as well as giving us insight into what Bitcoin investors are thinking. If Bitcoin is drifting out of exchanges in mass, it tends to mean that investors are saving their assets for the long term, rather than looking to trade for short-term gains.\n\n​\n\n>“The data clearly shows an asset that is in high demand and appears to have investor confidence, which further implies that the resale of the newly acquired Bitcoin is not being considered in the short term,” Jason Deane, Bitcoin analyst at Quantum Economics, he told Decrypt.\n\n​\n\nBetween February 23 and March 2, there was a 2% drop in Bitcoin held on the exchanges. This corresponds to 52,900 Bitcoins (US $ 2.7 billion) being removed from the exchanges. This continues a downward trend of one year, as more Bitcoins continue to be drained from the exchanges for long-term storage.\n\n​\n\nSource : [https://digesttime.com/2021/03/05/bitcoin-investors-are-holding-their-coins-again/](https://digesttime.com/2021/03/05/bitcoin-investors-are-holding-their-coins-again/)', 'https://www.reddit.com/r/BitcoinMarkets/comments/lyp8s2/bitcoin_investors_are_holding_their_coins_again/', 'lyp8s2', [['u/GameMusic', 18, '2021-03-06 01:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/lyp8s2/bitcoin_investors_are_holding_their_coins_again/gpu4qa7/', 'Where can I see true statistics on this information instead of articles?', 'lyp8s2'], ['u/4RJ56NJ5j2oEtcxyVkOo', 15, '2021-03-06 02:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/lyp8s2/bitcoin_investors_are_holding_their_coins_again/gpu8oux/', 'Glass node. PlanB', 'lyp8s2'], ['u/AskIT_qa', 14, '2021-03-06 03:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/lyp8s2/bitcoin_investors_are_holding_their_coins_again/gpunu8w/', 'This is fascinating because it’s hard to think that people would start a *long term hold* mid-bullrun. \n\nI went to Glassnode to try and take a closer look at this data. I couldn’t get past the pay tiers to see the data. I am curious which exchange lost the most circulating supply, percentage-wise, between the dates in question. My suspicion is that Binance lost, disproportionately so. \n\nI have recently noticed an influx of posts on the Binance Reddit regarding issues about funds being lost, withheld, or otherwise locked up, issues with withdrawals. The frequency of comments and posts to the negative, and the sudden absence of support staff who used to respond there, makes me very curious if the attack is concerted. It’s frequent enough... I am an investor who decided to move a small amount of holdings to cold storage for this very reason. \n\nA few things are making me do a double-take. \n\nThis influx of posts against Binance lines up perfectly with the timeline during which this amount of money flowed out of exchanges. \n\nI followed protocols on Binance and have had none of the issues people are complaining about en masse: verification, rejection, slow, non-deposits. The processes for me have worked flawlessly and seamlessly. \n\nBinance support disappeared from Reddit. \n\nBinance seems to be responding on Twitter to excess complaints where people didn’t follow protocol. \n\nPeople are responding to the posts from US and non-US locations. This means the customer service issue is alleged to be happening on both Binance.US and Binance.com. These are two completely different companies, not using the same customer service people (to my knowledge). So ask yourself why suddenly both companies seem be having the exact same problems? \n\nNot trying to raise a conspiracy, but I honestly cannot tell if Binance is just that bad, or if there is some form of brigading going on.', 'lyp8s2']]], ['u/unstoppable-cash', 'Can you name one time in history when the group of people who were censoring speech were the good guys? (looking at r/bitcoin et. al.)', 51, '2021-03-06 01:14', 'https://www.reddit.com/r/btc/comments/lypls1/can_you_name_one_time_in_history_when_the_group/', '# 𝗕𝗶𝘁𝗰𝗼𝗶𝗻: 𝗔 𝗣𝗲𝗲𝗿-𝘁𝗼-𝗣𝗲𝗲𝗿 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰 𝗖...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, eked out a 0.07% gain on Saturday. Following on from a 0.91% gain on Friday, Bitcoin ended the day at $48,860.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $49,238.0 before hitting reverse. Falling short of the first major resistance level at $50,074, Bitcoin fell to an early afternoon intraday low $47,159.0. Steering clear of the first major support level at $47,002, Bitcoin revisited $49,000 levels before easing back. The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Ethereum rallied by 8.05% to lead the way. Binance Coin (+0.48%), Chainlink (+1.10%), Litecoin (+1.38%), and Ripple’s XRP (+1.79%) also joined Bitcoin in the green. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV (-1.69%), Cardano’s ADA (-2.53%), Crypto.com Coin (-0.18%), and Polkadot (-0.81%) saw red on the day. In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,505bn. Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Friday low 60.44%. At the time of writing, Bitcoin’s dominance stood at 60.93%. This Morning At the time of writing, Bitcoin was up by 0.72% to $49,213.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,895.0 to a high $49,275.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA was down by 0.47% to buck the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 4.22% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $48,419 to bring the first major resistance level at $49,679 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $49,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $51,000 before any pullback. The second major resistance level sits at $50,498. Failure to avoid a fall through the $48,419 pivot would bring the first major support level at $47,600 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,50. The second major support level at $46,340 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Higher S&P 500 Weekly Price Forecast – Continue to Rock Back and Forth on Rates The Week Ahead – Economic Data, Monetary Policy, and China in Focus The Weekly Wrap – Rising Yields and A Dollar Resurgence Was the Story of the Week Gold Price Prediction – Prices Rebound Despite a Strong Dollar as Yields Ease', 'Bitcoin, BTC to USD, eked out a 0.07% gain on Saturday. Following on from a 0.91% gain on Friday, Bitcoin ended the day at $48,860.0.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $49,238.0 before hitting reverse.\nFalling short of the first major resistance level at $50,074, Bitcoin fell to an early afternoon intraday low $47,159.0.\nSteering clear of the first major support level at $47,002, Bitcoin revisited $49,000 levels before easing back.\nThe near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nEthereumrallied by 8.05% to lead the way.\nBinance Coin(+0.48%),Chainlink(+1.10%),Litecoin(+1.38%), andRipple’s XRP(+1.79%) also joined Bitcoin in the green.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SV(-1.69%),Cardano’s ADA(-2.53%),Crypto.com Coin(-0.18%), and Polkadot (-0.81%) saw red on the day.\nIn the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,505bn.\nBitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Friday low 60.44%. At the time of writing, Bitcoin’s dominance stood at 60.93%.\nAt the time of writing, Bitcoin was up by 0.72% to $49,213.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,895.0 to a high $49,275.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCardano’s ADA was down by 0.47% to buck the trend early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 4.22% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $48,419 to bring the first major resistance level at $49,679 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $49,500 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $51,000 before any pullback. The second major resistance level sits at $50,498.\nFailure to avoid a fall through the $48,419 pivot would bring the first major support level at $47,600 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,50. The second major support level at $46,340 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Higher\n• S&P 500 Weekly Price Forecast – Continue to Rock Back and Forth on Rates\n• The Week Ahead – Economic Data, Monetary Policy, and China in Focus\n• The Weekly Wrap – Rising Yields and A Dollar Resurgence Was the Story of the Week\n• Gold Price Prediction – Prices Rebound Despite a Strong Dollar as Yields Ease', 'Two days after the Dallas Mavericks announced they would begin accepting Dogecoin as payment for tickets and merchandise , it appears Mark Cuban has gotten his wish. The Mavericks owner announced via Twitter on Saturday that his team has performed more than 20,000 Dogecoin transactions, which he claims makes it the largest Dogecoin merchant in the world: The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!🚀🚀🚀 — Mark Cuban (@mcuban) March 6, 2021 Raise the banner. Mavericks doing this \'because we can\' The Mavs\' apparent success with Dogecoin is Cuban\'s latest step into the world of cryptocurrencies, having already started accepting Bitcoin and others back in 2018 . Cuban has been combative against critics saying he\'s making a mistake , and it could be a while before we find out if he\'s right. In the Mavericks\' Dogecoin announcement, Cuban explained why his team has started doing this ("Because we can!") and urged fans to look into the cryptocurrency: “The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth shattering reason, because we can! Because we can, we have chosen to do so. We have chosen to do so because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR. So we will take Dogecoin, today, tomorrow and possibly forever more. For those of you who would like to learn more about Dogecoin we strongly encourage you to talk to your teenagers who are on TikTok and ask them about it. They will be able to explain it all to you,” shared Dallas Mavericks owner, Mark Cuban. Story continues For those who don\'t have teenagers on TikTok like Cuban suggested, here\'s our best effort. What on Earth is Dogecoin? There are probably better places to learn than a sports website, but here are the bare basics. Dogecoin is a cryptocurrency, which is a digital asset where ownership can be clearly recorded and supply is controlled in some way. No one entity is in charge of it, and it can be freely exchanged as a currency. Its value is decided by how much people value it. In the case of Dogecoin, we\'re dealing with a cryptocurrency that started as a joke . A couple of engineers decided to create a cryptocurrency inspired by the "Doge" meme . The value of Dogecoin has been quite small for most of its history, previously peaking at around 1.7 cents a pop back in 2018 before crashing back down. Many investors buy them up in the hope they explode in value down the line, not unlike Beanie Babies, baseball cards or the NBA\'s own Top Shot . That day may be arriving now . The value of many cryptocurrencies have been surging in the last few months, and Dogecoin has enjoyed the backing of a Twitter account from a trader on the infamous subreddit WallStreetBets and various celebrities (such as the billionaire NBA team owner mentioned above). Its current value sits at around five cents, which doesn\'t sound like much, but it\'s pretty high if you bought thousands of them at a fraction of a cent each a few years ago. It should be noted Cuban is doing all this in his own self-interest. If he has his team start accruing a cryptocurrency, then goes on an all-out blitz to promote that decision, the cryptocurrency will likely rise in value thanks to that endorsement. It\'s innovative, but also risky. Of course, Cu
**Last 60 Days of Bitcoin's Closing Prices:**
[36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-07
**Financial & Commodity Data:**
- Gold Closing Price: $1698.00
- Crude Oil Closing Price: $66.09
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $941,007,846,319
- Hash Rate: 155665151.9066483
- Transaction Count: 260739.0
- Unique Addresses: 654593.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Even Elon Musk’s power has its limits, apparently, as bitcoin gave back all its gains from a nearly 20% pump that coincided with commotion over the tech mogul’s Twitter account.
• Before the weekend, the Tesla CEO changed his Twitter account biography to read #Bitcoin, sending social media into a frenzy.
• Coinciding with the hoopla,BTCjumped from around $32,200 to above $38,400 in a couple hours.
• Several hours later, however, the leading cryptocurrency started to drop, dropping below $34,000 on Friday evening. Through the weekend, BTC continued to trade below $35,000, dropping even further on Sunday.
• At last check, BTC was trading at $32,831.88 on CoinDesk, up slightly from its 24-hour low of $32,229.55.
• Bitcoin Falls Back to $32K as Elon Musk’s Bio Change Fades Into Memory
• Bitcoin Falls Back to $32K as Elon Musk’s Bio Change Fades Into Memory
• Bitcoin Falls Back to $32K as Elon Musk’s Bio Change Fades Into Memory
• Bitcoin Falls Back to $32K as Elon Musk’s Bio Change Fades Into Memory...
- Reddit Posts (Sample): [['u/alexsant7', '15 Reasons to Invest in XLM Stellar Lumens before it explodes', 91, '2021-03-07 00:14', 'https://www.reddit.com/r/SatoshiStreetBets/comments/lzdp43/15_reasons_to_invest_in_xlm_stellar_lumens_before/', "**1) Stellar just launched Horizon** ***2.0, which is huge for developers,*** **while Grayscale expanded the** ***XLM*** **Trust, by recently purchasing millions** \n**2) Bloomberg just just added price data for Stellar XLM, fully recognizing it** \n**3) Mass adoption incoming** \n**4) Relationship with major institutions like IBM, Samsung, Circle, etc growing, more arriving** \n**5) Brilliant team of wonderful men and women, headed by the amazing Danelle Dixon, CEO, behind them, with strong experience and knowledge in the whole crypto ecosystem.** \n**6) Ridiculously low price. Won't be for long**\n\n**7) Recent OCC announcement about allowing banks to participate in Independent Node Validation Networks and stable coins** \n**8) Recent well-received appearance by Stellar Development Foundations CEO at a US congressional finance review on crypto** \n**9) Recent participation in International Monetary Fund special panel on crypto (Google: Denelle Dixon IMF panel)** \n**10) Stellar Development Foundation is a non-profit company and does not profit from XLM, helping XLM to retain currency status and avoid being designated as a security** \n**11) XLM has utility beyond storing value- XLM is used in many rapidly-growing payments systems (Cowrie, Satoshipay, Tempo, etc), covering microtransactions and growing in the banks and stable coins arena** \n**12) Stellar transaction volumes continue to grow rapidly. it is being adopted and used at an increasing rate. More users --> more demand --> price increase --> investor demand ---> price increase** \n**13) Even though the XLM price will increase drastically, the transaction costs for systems using XLM will still be very low, as only a small fraction of a single XLM is used as the transaction fee.** \n**14) Relative to BTC and Eth, stellar is not well known. Even after the recent price spike, the 'market cap' is currently about 100X smaller than BTC and about 20X smaller than Eth.** \n**15) Amazing and useful Blockchain and Digital Currency, being implemented more and more every day all over the world** \n\n\n**Many more reasons. DYOR. Buy and Hold. XLM is going to be HUGE**", 'https://www.reddit.com/r/SatoshiStreetBets/comments/lzdp43/15_reasons_to_invest_in_xlm_stellar_lumens_before/', 'lzdp43', [['u/zstephen0223', 15, '2021-03-07 05:11', 'https://www.reddit.com/r/SatoshiStreetBets/comments/lzdp43/15_reasons_to_invest_in_xlm_stellar_lumens_before/gq2cogo/', 'Swear XLM is underrated !', 'lzdp43']]], ['u/053179', 'My son (grade 2) will be presenting to his class about Bitcoin', 216, '2021-03-07 00:18', 'https://www.reddit.com/r/Bitcoin/comments/lzdrl1/my_son_grade_2_will_be_presenting_to_his_class/', "I thought this would be a good place for him to start his research. Not only am I teaching him about Bitcoin, I'm also showing him reference points, I hope this will be resourceful for him.\n\nHe is doing this through virtual learning and I will be helping with a kick ass presentation.\n\nSO?! What can we advise him to present?", 'https://www.reddit.com/r/Bitcoin/comments/lzdrl1/my_son_grade_2_will_be_presenting_to_his_class/', 'lzdrl1', [['u/Accomplished_Dig_247', 29, '2021-03-07 00:20', 'https://www.reddit.com/r/Bitcoin/comments/lzdrl1/my_son_grade_2_will_be_presenting_to_his_class/gq1dfhy/', 'I posted a video a few weeks back of a first grader explaining bitcoin, check my profile out and view the video it’s super informative, simple for kids to understand and explains bitcoin better than most adults LOL', 'lzdrl1'], ['u/michaelscarnnnn', 13, '2021-03-07 00:21', 'https://www.reddit.com/r/Bitcoin/comments/lzdrl1/my_son_grade_2_will_be_presenting_to_his_class/gq1dpg4/', 'So awesome! Heres a website with ELI5 explanations on a lot of bitcoin topics, feel like it would be a good place for him to start his research that is separate from your help\n\nhttps://www.eli5-bitcoin.com/', 'lzdrl1'], ['u/Accomplished_Dig_247', 13, '2021-03-07 00:30', 'https://www.reddit.com/r/Bitcoin/comments/lzdrl1/my_son_grade_2_will_be_presenting_to_his_class/gq1ff8s/', 'I love that our youth is getting educated on this!👏🏼', 'lzdrl1']]], ['u/AnonymousACM', 'What percentage of the upcoming Stimulus do you plan to spend on crypto?', 10, '2021-03-07 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/lzeb9z/what_percentage_of_the_upcoming_stimulus_do_you/', 'The next stimulus has just passed the Senate and since it qas modified it would go back to the house where it is expected to pass.\n\nIf someone had invested their first stimulus ($1,200) in BTC it would be worth over $7,000 today.\n\nI am fortunate enough to be in a stable situation right jow that will allow me to invest that money in Cryptocurrencies.\n\nI would like to hear your thoughts and also what assets you would purchase.', 'https://www.reddit.com/r/CryptoCurrency/comments/lzeb9z/what_percentage_of_the_upcoming_stimulus_do_you/', 'lzeb9z', [['u/pukem0n', 16, '2021-03-07 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/lzeb9z/what_percentage_of_the_upcoming_stimulus_do_you/gq1ir7r/', "0 since I'm not getting any stimulus in Europe", 'lzeb9z'], ['u/BetweenTheUprights', 11, '2021-03-07 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/lzeb9z/what_percentage_of_the_upcoming_stimulus_do_you/gq1iub3/', "100% will go toward crypto, but that's only because I am blessed to not be behind on any bills or rent.", 'lzeb9z']]], ['u/Accomplished_Dig_247', 'To give everybody a little bit understanding of how much money this stimulus bill is, what it means, and how it’s great for bitcoin.', 18, '2021-03-07 00:51', 'https://www.reddit.com/r/Bitcoin/comments/lzee79/to_give_everybody_a_little_bit_understanding_of/', 'In total, there is about $1.5 trillion in U.S. physical currency in circulation, and roughly 80% of this value comes from the 11.5 billion $100 notes that are in circulation. The stimulus bill surpass that by $400 billion alone. If That’s not a sign that fiat money is becoming completely worthless I don’t know what is. They’re spending trillions like it’s millions without realizing the repercussions for the future. Pretty soon peoples paychecks will not be able to even buy them groceries or pay for they’re rent, again all a recipe for safe Havens like bitcoin and gold to completely SKYROCKET. 🚀🚀', 'https://www.reddit.com/r/Bitcoin/comments/lzee79/to_give_everybody_a_little_bit_understanding_of/', 'lzee79', [['u/XandXTV', 49, '2021-03-07 01:01', 'https://www.reddit.com/r/Bitcoin/comments/lzee79/to_give_everybody_a_little_bit_understanding_of/gq1l0e7/', 'This whole narrative that fiat will become worthless is so overblown. Will inflation go up more than usual? Absolutely. Will fiat become completely worthless due to hyperinflation? 100% not. The Fed won’t let that happen. Bitcoin is still a great investment, but it will not replace fiat. I expect an inflation rate this year of around 5%, which is higher than most are saying\n\nNow bring on the downvotes', 'lzee79']]], ['u/RytterOfficial', 'What is your crypto portfolio looking like in terms of percentages?', 25, '2021-03-07 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/', "What is your crypto portfolio looking like in terms of percentages? Mine is gonna look something like 25% BTC 25% ETH 10-15% ADA 5-10% DOT 5-10% TOP 30 coins like ATOM, SNX, AAVE AND LINK 20-30% others that I'm not sure about yet but some top 100 and some really low ranked.", 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/', 'lzefu3', [['u/BetweenTheUprights', 12, '2021-03-07 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/gq1k5sy/', '50% BTC, 25% ETH, and 25% ADA.\n\nI recently dwindled it down. I got in through DCAing and this is just how it worked out honestly.', 'lzefu3'], ['u/Editormx', 10, '2021-03-07 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/gq1kq6d/', '20% - VET\n20% - XLM\n20% - ADA\n20% - ETH\n05% - BTC\n15% - Shitcoins (Banano, Garlic coin, DOGE, FUN, CKB)', 'lzefu3'], ['u/Orange_Haiku', 10, '2021-03-07 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/gq1lkjq/', '80% BTC, 10% ETH, ~8% random altcoins, ~2% stablecoins', 'lzefu3'], ['u/Raider4-', 11, '2021-03-07 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/gq1mhfi/', 'Approximately \n\n50% BTC\n\n10% ETH\n\n10% ADA\n\n8% VET\n\n5% NANO\n\n5% ALGO\n\n5% XLM\n\n7% Bag of lower caps and shitcoins (LTO, TRAC, COTI, UTK, VIDT, DOGE)\n\nBeen thinking about getting into LINK tho', 'lzefu3'], ['u/Spookygo1dfish', 43, '2021-03-07 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/gq1mq31/', "I did plan to be mostly btc & eth but somehow I'm now balls deep in alts 🤷🏽\u200d♂️", 'lzefu3'], ['u/Editormx', 11, '2021-03-07 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/lzefu3/what_is_your_crypto_portfolio_looking_like_in/gq1nawj/', 'Altcoins my kind redditor, Altcoins', 'lzefu3']]], ['u/madchas34', 'I’m trying to convince my mom to let me invest $10,000 in bitcoin but she’s skeptical. How do I convince her?', 36, '2021-03-07 01:03', 'https://www.reddit.com/r/Bitcoin/comments/lzelvh/im_trying_to_convince_my_mom_to_let_me_invest/', 'Keep in mind she was born in the 60s and isn’t too good with computers. However, she invests a lot in the stock market and is good with market terms. I wrote a little speech for my presentation I’m giving tomorrow. Please r/bitcoin, help me turn ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['In the early days of the cryptocurrency craze, every Bitcoin trader diligently recorded their cost basis, logged their capital gains, and reported it all to the IRS.\nJust kidding.\n“Oh heck no,” says Ryan Losi, a CPA with accountants and tax planners Piascik in Richmond, Va.\nIndeed, the whole crypto arena was something of a financial Wild West, with federal authorities scrambling to figure out how to treat it all for tax purposes.\nNow, though, is a different story. In particular, you might notice a little question on this year’s tax forms, right under where you have to print your name and address:\n“At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”\n“They’re laying the trap,” says Losi. “Then the hammer is going to come down.”\nIn other words, if you have been dabbling in Bitcoin, you may very well owe some taxes to Uncle Sam.\nCryptocurrency is treated as property, so in general terms, think of it like a stock: If you bought some and still own it, then there has been no taxable event, and you won’t owe anything on the transaction.\nHowever, if you sold some—presumably at a profit, since Bitcoin has soared to levels of over $48,000, as of this writing—then you have realized gains, and those need to be reported.\n“If you sold crypto at a profit and that money is going into your bank account, then you owe taxes,” says Ben Weiss, president of CoinFlip, the nation’s largest network of Bitcoin ATMs. “At this point the government is very aware of crypto cashouts, so don’t assume you can get away with it.”\nLike other capital gains, they fall into short-term and long-term buckets, and the tax treatment is different. Short-term gains, where the cryptocurrency was held for under a year, are treated as ordinary income, which implies a range of possible rates up to 37%.\nLong-term holdings of over a year are treated more favorably, at 0, or 15 or 20% depending on income level. That highest bracket only applies to those with annual income approaching half a million dollars a year, which won’t apply to the vast majority of filers.\nIf you have losses, you can write some of those off to offset other gains. The annual maximum for such writeoffs is $3,000, although losses beyond that amount could be carried forward to future years.\nSo what about keeping track of all this stuff? That’s where tax season can get trickier for crypto enthusiasts. If you bought and sold on the same platform, like Coinbase or Robinhood, then the documentation can be more straightforward.\nBut if you bought and sold on different exchanges, then the cost basis and the gross proceeds will be known by different institutions, and it’s your obligation as the taxpayer to stay on top of that and compile the necessary information.\nThankfully there are a growing number of crypto portfolio trackers that can help. Two excellent ones are Blockfolio and [hotlink]Delta[/hotlink], advises CoinFlip’s Weiss.\nThe danger of sloppy documentation: If the IRS knows your proceeds but doesn’t know your cost basis, they could very well treat it all as 100% profit, and make you prove otherwise. Given Bitcoin’s current sky-high valuation, that could lead to a suggested tax bill that would make your eyes pop out of your head.\nIf you are hoping that federal authorities just don’t know about your trades, well, they are getting better at it. Crypto exchanges are reporting those with more than $20,000 in proceeds and 200 transactions, so if you get a 1099 form to that effect, rest assured the IRS has it too.\nAnother more complicated scenario is if we’re not talking about buying or selling Bitcoin, but receiving it as payment for goods or services in a trade or business—in which case it’s treated as taxable income—or using it as a means of exchange to buy goods and services, like an ebullient young trader going out and buying a Lamborghini.\nIn that case the transaction can be considered akin to a sale—taking the value of your crypto on the day of the purchase or exchange, comparing it to your original cost basis, and then owing capital gains on the difference.\nIf you have been careless with all this stuff, there is always the option to revisit past years and file amended returns. That’s certainly preferable to more extreme outcomes the IRS warns of, like prison terms and fines of up to $250,000 for tax evasion and filing false returns, in additional to the usual penalties and interest.\n“Since the value of cryptocurrency has skyrocketed in the last 15 months, more clients have been calling than ever,” says Losi. “But they don’t usually like the news I have to share.”\nThis story was originally featured onFortune.com', 'In the early days of the cryptocurrency craze, every Bitcoin trader diligently recorded their cost basis, logged their capital gains, and reported it all to the IRS. Just kidding. “Oh heck no,” says Ryan Losi, a CPA with accountants and tax planners Piascik in Richmond, Va. Indeed, the whole crypto arena was something of a financial Wild West, with federal authorities scrambling to figure out how to treat it all for tax purposes. Now, though, is a different story. In particular, you might notice a little question on this year’s tax forms, right under where you have to print your name and address: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” “They’re laying the trap,” says Losi. “Then the hammer is going to come down.” In other words, if you have been dabbling in Bitcoin, you may very well owe some taxes to Uncle Sam. Cryptocurrency is treated as property, so in general terms, think of it like a stock: If you bought some and still own it, then there has been no taxable event, and you won’t owe anything on the transaction. However, if you sold some—presumably at a profit, since Bitcoin has soared to levels of over $48,000, as of this writing—then you have realized gains, and those need to be reported. “If you sold crypto at a profit and that money is going into your bank account, then you owe taxes,” says Ben Weiss, president of CoinFlip, the nation’s largest network of Bitcoin ATMs. “At this point the government is very aware of crypto cashouts, so don’t assume you can get away with it.” Like other capital gains, they fall into short-term and long-term buckets, and the tax treatment is different. Short-term gains, where the cryptocurrency was held for under a year, are treated as ordinary income, which implies a range of possible rates up to 37%. Long-term holdings of over a year are treated more favorably, at 0, or 15 or 20% depending on income level. That highest bracket only applies to those with annual income approaching half a million dollars a year, which won’t apply to the vast majority of filers. Story continues If you have losses, you can write some of those off to offset other gains. The annual maximum for such writeoffs is $3,000, although losses beyond that amount could be carried forward to future years. Paper trails So what about keeping track of all this stuff? That’s where tax season can get trickier for crypto enthusiasts. If you bought and sold on the same platform, like Coinbase or Robinhood, then the documentation can be more straightforward. But if you bought and sold on different exchanges, then the cost basis and the gross proceeds will be known by different institutions, and it’s your obligation as the taxpayer to stay on top of that and compile the necessary information. Thankfully there are a growing number of crypto portfolio trackers that can help. Two excellent ones are Blockfolio and [hotlink]Delta[/hotlink], advises CoinFlip’s Weiss. The danger of sloppy documentation: If the IRS knows your proceeds but doesn’t know your cost basis, they could very well treat it all as 100% profit, and make you prove otherwise. Given Bitcoin’s current sky-high valuation, that could lead to a suggested tax bill that would make your eyes pop out of your head. If you are hoping that federal authorities just don’t know about your trades, well, they are getting better at it. Crypto exchanges are reporting those with more than $20,000 in proceeds and 200 transactions, so if you get a 1099 form to that effect, rest assured the IRS has it too. Another more complicated scenario is if we’re not talking about buying or selling Bitcoin, but receiving it as payment for goods or services in a trade or business—in which case it’s treated as taxable income—or using it as a means of exchange to buy goods and services, like an ebullient young trader going out and buying a Lamborghini. In that case the transaction can be considered akin to a sale—taking the value of your crypto on the day of the purchase or exchange, comparing it to your original cost basis, and then owing capital gains on the difference. If you have been careless with all this stuff, there is always the option to revisit past years and file amended returns. That’s certainly preferable to more extreme outcomes the IRS warns of, like prison terms and fines of up to $250,000 for tax evasion and filing false returns, in additional to the usual penalties and interest. “Since the value of cryptocurrency has skyrocketed in the last 15 months, more clients have been calling than ever,” says Losi. “But they don’t usually like the news I have to share.” This story was originally featured on Fortune.com', 'In the early days of the cryptocurrency craze, every Bitcoin trader diligently recorded their cost basis, logged their capital gains, and reported it all to the IRS.\nJust kidding.\n“Oh heck no,” says Ryan Losi, a CPA with accountants and tax planners Piascik in Richmond, Va.\nIndeed, the whole crypto arena was something of a financial Wild West, with federal authorities scrambling to figure out how to treat it all for tax purposes.\nNow, though, is a different story. In particular, you might notice a little question on this year’s
**Last 60 Days of Bitcoin's Closing Prices:**
[39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-08
**Financial & Commodity Data:**
- Gold Closing Price: $1677.70
- Crude Oil Closing Price: $65.05
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $947,601,182,034
- Hash Rate: 165260948.9419896
- Transaction Count: 291955.0
- Unique Addresses: 723503.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.81
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: ATLANTA, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the “Company”), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today announced the decision to accept Bitcoin and Ethereum as payment methods for its services.
As more institutions adopt cryptocurrency into their asset management strategies, the Company believes offering BTC and ETH as payment options will expand client flexibility.
Ryan Schadel, President and CEO of Labor Smart stated, “Every week, we generate invoices and send them to our clients. If we take a credit card payment for the invoice, we are paying up to 3% for merchant services. If we take a check as payment, we are waiting 4 or 5 weeks to be paid. If we borrow against the receivable for cash flow, we are paying 2 or 3%. By giving our clients the option to pay in Bitcoin or Ethereum, not only are we giving them more flexibility with how they manage their own cash flow, but we will save on processing fees.”
Mr. Schadel continued, “Mainstream institutions are embracing crypto for its potential as a value store, payment method, and investment. As we continue to expand our business, we now have another valuable selling point. I believe crypto will be the preferred payment standard of the future and we are proud to be the very first in the staffing industry to accept crypto as payment.”
The Company expects the payment method to be live by mid-March via Coinbase.
On February 12, 2021, the Company disclosed its intentions to become current with otcmarkets.com.
About Labor SMART, Inc.Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. The Company's clients range from small businesses to Fortune 100 companies. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients.
Safe Harbor StatementThis release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with OTC Markets.com.
Contact:Labor SMART, [email protected]...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["TORONTO, March 08, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (\x93 Digihost \x94 or the \x93 Company \x94) (TSXV: DGHI; OTCQB: HSSHF) announces that it will not be proceeding with the proposed non-brokered private placement of units of the Company (the \x93 Offering \x94), which was announced on February 23, 2021. Given the recent volatility in trading activity, the Company has decided not to proceed with the Offering at this time, but may consider a non-brokered private placement at a later date with revisions to the number of units and the price per unit. Michel Amar, the Company\x92s CEO, stated: \x93We remain focused on our mining operations at our highly efficient mining facility, and continue to be excited by the general strength of the blockchain sector. The Company is pleased with its increase to its hashrate to approximately 189 Petahash last month, and believe we are well positioned to maintain our strong Bitcoin mining operations. We remain dedicated to our ongoing efforts to continue to increase our hashrate, and our team is committed to evaluating every opportunity to create value for the Company and the shareholders through continued investment in, and expansion of, our productive asset base.\x94 About Digihost Technology Inc. Digihost Technology Inc. is a growth-oriented blockchain company primarily focused on Bitcoin mining. The Company's mining facility is located in Buffalo, N.Y., and is equipped with an 18.7MVA 115,000-kilovolt-ampere outdoor substation with an option to increase the power output to 42MVA. The Company is currently mining approximately 1.2 Bitcoins per day, subject to difficulty. Digihost\x92s strategy is to focus on continually increasing its hashrate with a concurrent reduction in energy costs. For further information, please contact: Digihost Technology Inc. www.digihost.ca Michel Amar, Chief Executive Officer Email: [email protected] Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Story continues Forward-Looking Statements Except for the statements of historical fact, this news release contains \x93forward-looking information\x94 within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. \x93Forward-looking information\x94 in this news release includes information about potential further improvements to profitability and efficiency across mining operations, potential for the Company\x92s long-term growth, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: continued effects of the COVID19 pandemic may have a material adverse effect on the Company\x92s performance as supply chains are disrupted and prevent the Company from operating its assets; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; the digital currency market; the Company\x92s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company\x92s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company\x92s filings at www.sedar.com . The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about: the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company\x92s assets going forward; the Company\x92s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.", "TORONTO, March 08, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF) announces that it will not be proceeding with the proposed non-brokered private placement of units of the Company (the “Offering”), which was announced on February 23, 2021. Given the recent volatility in trading activity, the Company has decided not to proceed with the Offering at this time, but may consider a non-brokered private placement at a later date with revisions to the number of units and the price per unit.\nMichel Amar, the Company’s CEO, stated: “We remain focused on our mining operations at our highly efficient mining facility, and continue to be excited by the general strength of the blockchain sector. The Company is pleased with its increase to its hashrate to approximately 189 Petahash last month, and believe we are well positioned to maintain our strong Bitcoin mining operations. We remain dedicated to our ongoing efforts to continue to increase our hashrate, and our team is committed to evaluating every opportunity to create value for the Company and the shareholders through continued investment in, and expansion of, our productive asset base.”\nAbout Digihost Technology Inc.\nDigihost Technology Inc. is a growth-oriented blockchain company primarily focused on Bitcoin mining. The Company's mining facility is located in Buffalo, N.Y., and is equipped with an 18.7MVA 115,000-kilovolt-ampere outdoor substation with an option to increase the power output to 42MVA. The Company is currently mining approximately 1.2 Bitcoins per day, subject to difficulty. Digihost’s strategy is to focus on continually increasing its hashrate with a concurrent reduction in energy costs.\nFor further information, please contact:\nDigihost Technology Inc.www.digihost.caMichel Amar, Chief Executive OfficerEmail:[email protected]\nCautionary Statement\nTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-Looking StatementsExcept for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about potential further improvements to profitability and efficiency across mining operations, potential for the Company’s long-term growth, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: continued effects of the COVID19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from operating its assets; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; the digital currency market; the Company’s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings atwww.sedar.com. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about: the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; and there will be no regulation or law that will prevent the Company
**Last 60 Days of Bitcoin's Closing Prices:**
[40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-09
**Financial & Commodity Data:**
- Gold Closing Price: $1716.60
- Crude Oil Closing Price: $64.01
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,006,486,867,312
- Hash Rate: 149267953.88308737
- Transaction Count: 299682.0
- Unique Addresses: 782612.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.81
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: "Shark Tank" host Mark Cuban revealed that he has been holding cryptocurrencies for years, without ever diluting the holdings.
What Happened:The Dallas Mavericks owner let out multiple tweets on cryptocurrency-related topics Tuesday and revealed that he was a long-term holder of cryptocurrency in a social-media interaction with Gokhshtein Media founder David Gokhshtein.
The billionaire touched upon topics ranging from decentralized finance (DeFi), supply and demand, and the cost of cryptocurrency transactions.
Cuban had a back and forth with Gemini co-founder Tyler Winklevoss on monetary supply during which the latter brought up the value of Cuban’s basketball team.
CubancreditedWinklevoss for generating demand forBitcoin(BTC).
"My only mistake on Bitcoin in particular was underestimating your ability, and you get credit for this, to create a narrative and generate demand for it," the billionaire said. "You are the King of Get Long and Get Loud for BTC and that's not a bad thing.”
Why It Matters:The famed investor joked last week that he wouldrun for the office of presidentof the United States if BTC hit $1 million.
See Also:SPAC King Chamath Palihapitiya On Facebook, Tesla And Bitcoin
Cuban also warned potential investorsnot to pile on debt to invest in Bitcoinand cautioned there was a 99% chance “you will lose EVERYTHING. Personal disaster stories are built on leverage.”
Price Action:Bitcoin traded 0.12% lower at $33,707.40 at press time. On Tuesday,Grayscale Bitcoin Trust(OTC:GBTC) closed 4.06% higher at $38.92.
Photo by Gage Skidmore on Flickr
See more from Benzinga
• Click here for options trades from Benzinga
• Unfazed By A Plunging Bitcoin, Proponents Dub Pull-Back 'Necessary,' 'Healthy'
• Bitcoin Trading Volume, Active Addresses Hit Record High Despite Slump — What That Means
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/yeetyeet2330', 'Finally put a few dollars into Bitcoin', 50, '2021-03-09 00:16', 'https://www.reddit.com/r/Bitcoin/comments/m0sy0o/finally_put_a_few_dollars_into_bitcoin/', 'I just put my first 15$ into Bitcoin I will hopefully be getting more into it once I get a stable job and can afford to put some in', 'https://www.reddit.com/r/Bitcoin/comments/m0sy0o/finally_put_a_few_dollars_into_bitcoin/', 'm0sy0o', [['u/btchodler1000000', 18, '2021-03-09 00:42', 'https://www.reddit.com/r/Bitcoin/comments/m0sy0o/finally_put_a_few_dollars_into_bitcoin/gq9qtz4/', 'One of us! One of us!', 'm0sy0o']]], ['u/LeonardDeVir', 'Account deletion - wallet balance', 20, '2021-03-09 00:35', 'https://www.reddit.com/r/NiceHash/comments/m0tbr8/account_deletion_wallet_balance/', 'Because I dont agree to the new TOS and it was an experiment anyway, I closed my NiceHash account with the option to delete your account presented before the TOS agreement menu. I thought Id get a transferral link for my roughly 25 Euros, but it just told me something like "Balance withdrawn successfully" and closed itself. \n\nOf course, I cant access my account anymore - because its deleted. Where did they send my 25.- to? Or did I contribute to the ever growing pile of lost bitcoins?\n\nEdit: typos', 'https://www.reddit.com/r/NiceHash/comments/m0tbr8/account_deletion_wallet_balance/', 'm0tbr8', [['u/Ok-Brain9611', 11, '2021-03-09 01:38', 'https://www.reddit.com/r/NiceHash/comments/m0tbr8/account_deletion_wallet_balance/gq9x4u0/', 'Yikes', 'm0tbr8'], ['u/mattferg222', 10, '2021-03-09 01:40', 'https://www.reddit.com/r/NiceHash/comments/m0tbr8/account_deletion_wallet_balance/gq9xdg0/', 'You gave NH your coins. It’s a shared wallet, not a unique one. They have all the coins. They’re not lost.', 'm0tbr8']]], ['u/Dangeruk', "If you asked a random stranger in the street about Bitcoin 90% wouldn't have a clue. Cryptocurrency is still in its infancy. You are not late to the party!", 66, '2021-03-09 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/m0urfe/if_you_asked_a_random_stranger_in_the_street/', "With Bitcoin currently near its all time high I see lots of people saying that it is too late to invest.\n\nAlthough at such a high price it is risky in the short term, the long term prospects have never looked better.\n\nWe are currently seeing the start of mass adoption with major companies and institutions investing money into cryptocurrency.\n\nBut this is exactly that, the start! The majority of people and companies are still oblivious to the crypto world and that proves how much further the market can grow.\n\nYes maybe you didn't get here when bitcoin was $1000 but you are still an early adopter even if you invest now.", 'https://www.reddit.com/r/CryptoCurrency/comments/m0urfe/if_you_asked_a_random_stranger_in_the_street/', 'm0urfe', [['u/kemcpeak42', 23, '2021-03-09 01:50', 'https://www.reddit.com/r/CryptoCurrency/comments/m0urfe/if_you_asked_a_random_stranger_in_the_street/gq9yhq2/', 'Are you saying if you asked who has HEARD of it, when you say “wouldn’t have a clue?” Cause I believe the inverse would be accurate. I bet 90% -95% of people have heard of it. But probably 3% know what it is beyond “Internet money”', 'm0urfe'], ['u/ultron290196', 20, '2021-03-09 01:53', 'https://www.reddit.com/r/CryptoCurrency/comments/m0urfe/if_you_asked_a_random_stranger_in_the_street/gq9yrwm/', "100 million users in a world population of 7.3 billion. Of course, we're still super early. And everyone of us here who's invested are the future rich. \n\nSounds euphoric, but it's the inevitable reality.", 'm0urfe'], ['u/turpajouhipukki', 15, '2021-03-09 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/m0urfe/if_you_asked_a_random_stranger_in_the_street/gq9z8vb/', "Average Joe would probably have hard time explaining how the banking system even on the surface works. But they don't need that knowledge, they need a system that works reliably and cheaply enough.", 'm0urfe']]], ['u/JohnnyFlawless', '1 Bitcoin just helped me put 50k down on my first home.', 6417, '2021-03-09 02:06', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/', 'Been a HODLer for a few years. I threw essentially 6.3k into getting 1 coin. Treated it just like a savings account. Wouldn\'t touch the damn thing until absolutely necessary. That time is now. I\'m only sad....I couldn\'t HODL you longer, little buddy 😥\n\nBUT....I still have remnants. And they shall remain HODLed.\n\nJust remember. If anyone ever asks you when you plan on selling. The answer is:\n\n>!More.!< \n\n\nUpdate for those claiming horror stories of being denied because they used Bitcoin. My loan officer just sent this to me: " FYI- They did question the Bitcoin but I spent over an hour going through the summaries you sent. I had to explain to him what was happening as their statements are not that easy to understand when you are not familiar with them. He signed off on them which is why I did not ask for anything else on them. "', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/', 'm0v2pe', [['u/vixenwixen', 246, '2021-03-09 02:10', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa0no3/', 'Congrats on reaching your moon.', 'm0v2pe'], ['u/gosselin07', 42, '2021-03-09 02:13', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa110p/', 'Today i was looking at my chalet mortgage and dreamed of Clearing it with 1 bitcoin. Congrats!', 'm0v2pe'], ['u/kixkz', 24, '2021-03-09 02:22', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa1xmm/', 'Envious of you for being on top of things and getting in when you did. Great job and congrats on your first home! I hope you have tons more success in Bitcoin!', 'm0v2pe'], ['u/cy9h3r9u11k', 24, '2021-03-09 02:24', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa26sc/', 'Good time to lock in that low interest rate', 'm0v2pe'], ['u/tcwtcw', 45, '2021-03-09 02:34', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa3ayh/', 'That’s awesome. Take profits to make your life better. That’s the point right?\n\nCongrats on leveling up!', 'm0v2pe'], ['u/JohnnyFlawless', 20, '2021-03-09 02:35', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa3f51/', "Sadly, right when I decided I was buying, it went up a full effing point. It's on the rise again.", 'm0v2pe'], ['u/rhash', 718, '2021-03-09 02:38', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa3rs7/', 'like these stories. no trading in and out, no margins and loans, no fear, no greed. just pure clean buy and hold and when the time is right sell for a worthy reason.', 'm0v2pe'], ['u/JohnnyFlawless', 48, '2021-03-09 02:49', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa4wxc/', "Didn't want to my friend, but like I said, no choice.\n\nI had the option to use a VA loan. But, there's a fee for that. And I only have 10k savings in the bank. Plus I'm paying closing. Would've wiped me. I am also switching careers soon, so I want that savings as a safety net for mortgage as I will take a pay cut at first.\n\nSo I decided, sell some coin and put 50k down. No PMI since it's over 20% of money down. And a lower mortgage rate overall. About 1100 a month. I had to go this route.", 'm0v2pe'], ['u/JohnnyFlawless', 14, '2021-03-09 02:51', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa56hi/', "Guess we'll find out next tax season. Until then, IRS can go fuck themselves 👍", 'm0v2pe'], ['u/meric_one', 45, '2021-03-09 03:07', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa6ulo/', "Well done. I'm still kicking myself for not getting 1 BTC when it was under $10k.\n\nI still intend on owning at least 1 BTC but now I just have to get there the hard way.", 'm0v2pe'], ['u/tantan526', 31, '2021-03-09 03:12', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa7hl5/', "Don't listen to the haters. Most wish they had a bit coin to sell. Congrats on your house.", 'm0v2pe'], ['u/JohnnyFlawless', 21, '2021-03-09 03:20', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa8bak/', "Truth. It's so surreal that I just transferred 50k into my bank. My portfolio is near 6 figures. And it doesn't even register to me that I've not seen this kind of money.... Ever in my life lol.", 'm0v2pe'], ['u/PreacherClete', 1784, '2021-03-09 03:29', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa9a9p/', "Pay no heed to those telling you you're missing out. It's all chatter. You're the one buying a damn house. Congrats.", 'm0v2pe'], ['u/JohnnyFlawless', 35, '2021-03-09 03:31', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa9h78/', 'Ya just gotta believe, brother...\n\n&#x200B;\n\n>!and also dump a shit ton of money into it.!<', 'm0v2pe'], ['u/DontknowshitG11B', 37, '2021-03-09 03:35', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqa9ylt/', 'Congratulations! Home ownership is fun and a pain the ass.', 'm0v2pe'], ['u/Ossified_Squirrel', 27, '2021-03-09 03:35', 'https://www.reddit.com/r/Bitcoin/comments/m0v2pe/1_bitcoin_just_helped_me_put_50k_down_on_my_first/gqaa0cl/', "Well done! This community always talks about HODLing forever, but Here's how I think about it now:\xa0 If it...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['What Happened: Advanced Micro Devices, Inc. (NASDAQ: AMD ) may be looking to release its own cryptocurrency mining-specific GPUs, according to reports . AMD’s GPUs were originally manufactured exclusively for Apple Inc (NASDAQ: AAPL ), but a recent announcement from the company communicating a “set of fixes” to the AMDGPU kernel driver suggests that the graphics card will be repurposed for cryptocurrency mining. Specifically, the GPU no longer supports Video Core Next (VCN) which renders it effectively useless for gamers but an ideal option for cryptocurrency miners. AMD’s move comes after NVIDIA Corporation (NASDAQ: NVDA ) announced their CMP cards, exclusively meant for cryptocurrency mining. The NVIDIA CMP cards are Cryptocurrency Mining Processor cards that will be a line of hardware focused on professional mining, with an emphasis on Ethereum. See also: Best Cryptocurrency Apps Why It Matters: Bitcoin and Ethereum mining is a massive industry, with miners on both the blockchains each recording daily revenues of over $50 million a day. Mining companies like Marathon Digital Holdings Inc (NASDAQ: MARA ) and Riot Blockchain Inc (NASDAQ: RIOT ) have seen their share price rally by over 1000% in the past six months that followed the surge in cryptocurrency prices. The attractive fees to be earned in cryptocurrency mining operations have made the business a lucrative investment for many companies that have been focused on moving into the space. On March 8, Norway-based oil and gas giant Aker (OTCMKTS: AKAAF) announced it would set up its own Bitcoin mining unit. The company would set up a unit called Seetee for its mining operations and will reportedly place all of Seetee’s liquid assets in Bitcoin. In a letter to the company’s shareholders, Aker CEO Oeyvind Eriksen stated, “To get long-term ex\xadpo\xadsure to bit\xadcoin, the abil\xadi\xadty to in\xadcrease that with min\xading, and the chance to cre\xadate new com\xadpa\xadnies with some of the bright\xadest minds in the world, is a once in a life\xadtime op\xadpor\xadtu\xadni\xadty. It would be in\xadsane not to do it.” Story continues See more from Benzinga Click here for options trades from Benzinga Cathie Wood Thinks Bitcoin And Other Cryptocurrencies Could Soon Become Part Of Typical Investor Portfolios Major Crypto Exchange Coinbase Closes In On Going Public With Pre-IPO Valuation Of 0B © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'What Happened: Advanced Micro Devices, Inc.(NASDAQ:AMD) may be looking to release its own cryptocurrency mining-specific GPUs, according toreports.\nAMD’s GPUs were originally manufacturedexclusivelyforApple Inc(NASDAQ:AAPL), but a recent announcement from the company communicating a “set of fixes” to the AMDGPU kernel driver suggests that the graphics card will be repurposed for cryptocurrency mining.\nSpecifically, the GPU no longer supports Video Core Next (VCN) which renders it effectively useless for gamers but an ideal option for cryptocurrency miners.\nAMD’s move comes afterNVIDIA Corporation(NASDAQ:NVDA)announcedtheir CMP cards, exclusively meant for cryptocurrency mining.\nThe NVIDIA CMP cards are Cryptocurrency Mining Processor cards that will be a line of hardware focused on professional mining, with an emphasis on Ethereum.\nSee also: Best Cryptocurrency Apps\nWhy It Matters:Bitcoin and Ethereum mining is a massive industry, with miners on both the blockchains each recording daily revenues of over $50 million a day.\nMining companies likeMarathon Digital Holdings Inc(NASDAQ:MARA) and Riot Blockchain Inc (NASDAQ:RIOT) have seen their share price rally by over 1000% in the past six months that followed the surge in cryptocurrency prices.\nThe attractive fees to be earned in cryptocurrency mining operations have made the business a lucrative investment for many companies that have been focused on moving into the space.\nOn March 8, Norway-based oil and gas giantAker(OTCMKTS: AKAAF)announcedit would set up its own Bitcoin mining unit.\nThe company would set up a unit called Seetee for its mining operations and will reportedly place all of Seetee’s liquid assets in Bitcoin.\nIn a letter to the company’s shareholders, Aker CEO Oeyvind Eriksen stated, “To get long-term ex\xadpo\xadsure to bit\xadcoin, the abil\xadi\xadty to in\xadcrease that with min\xading, and the chance to cre\xadate new com\xadpa\xadnies with some of the bright\xadest minds in the world, is a once in a life\xadtime op\xadpor\xadtu\xadni\xadty. It would be in\xadsane not to do it.”\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Cathie Wood Thinks Bitcoin And Other Cryptocurrencies Could Soon Become Part Of Typical Investor Portfolios\n• Major Crypto Exchange Coinbase Closes In On Going Public With Pre-IPO Valuation Of 0B\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', "Decentralized exchange and liquidity provider DODO was hacked earlier today, resulting in a loss of funds amounting to $3.8 million.\nWhat Happened:According to reports from DODO, several V2 Crowdpools were attacked, whereas all V1 and non-Crowdpool V2 pools remained safe.\nThe impacted pools included WSZO, WCRES, ETHA, and FUSI pools, while AC pool funds have been fully recovered, according to DODO.\nAs a precautionary measure, the exchange temporarily disabled the pool creation portal while stating on Twitter that they were working closely with their security partner to recover the lost funds.\nIn anupdateabout the recent events on the protocol's website, DODO later stated that they expected $1.88 million of the stolen funds to be returned.\nThe hack in question took place as a result of an exploiter creating a counterfeit DODO token by manipulating a bug in DODO’s V2 smart contract Crowdpool.\nWhy It Matters:The DODO protocol’s native token DODOroseover 96% in a single day on February 18 after announcing it would soon be launched on Binance Smart Chain (BSC).\nMany in the crypto community were optimistic about the project that was launched back in August 2020. The protocol raised a $600,000 seed round led by Framework Ventures, after which it raised an additional $5 million in a private sale funding round led by Three Arrows Capital, Binance Labs, and Pantera Capital.\nThe protocol also attracted investment from bigger investors like Coinbase Ventures, Galaxy Digital, and Alameda Research.\nDespite today’s exploit on the DeFi protocol, its native cryptocurrency token has remained relatively stable, and at the time of writing, DODO was trading at $3.94, down by a little over 2.55% at midday (ET), but was already up 1.17% to $4.09 at press time.\nThe token’s price movements, along with several members of thecommunitydeclaring their support for the decentralized exchange (DEX) suggests that this exploit had a relatively low impact on the DODO exchange.\nImage: Courtesy of DODO\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• AMD May Repurpose Its Apple-Exclusive GPUs For Cryptocurrency Mining: Reports\n• Cathie Wood Thinks Bitcoin And Other Cryptocurrencies Could Soon Become Part Of Typical Investor Portfolios\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Decentralized exchange and liquidity provider DODO was hacked earlier today, resulting in a loss of funds amounting to $3.8 million. What Happened: According to reports from DODO, several V2 Crowdpools were attacked, whereas all V1 and non-Crowdpool V2 pools remained safe. The impacted pools included WSZO, WCRES, ETHA, and FUSI pools, while AC pool funds have been fully recovered, according to DODO. PSA Regarding Recent Exploit on DODO On March 8, Several DODO V2 Crowdpools were attacked. WSZO, WCRES, ETHA, and FUSI pools were impacted, while AC pool funds have been fully recovered. Funds in all other pools, including all V1 pools and all non-Crowdpool V2 pools, are safe. — DODO DEX (@BreederDodo) March 9, 2021 As a precautionary measure, the exchange temporarily disabled the pool creation portal while stating on Twitter that they were working closely with their security partner to recover the lost funds. In an update about the recent events on the protocol's website, DODO later stated that they expected $1.88 million of the stolen funds to be returned. The hack in question took place as a result of an exploiter creating a counterfeit DODO token by manipulating a bug in DODO’s V2 smart contract Crowdpool. Why It Matters: The DODO protocol’s native token DODO rose over 96% in a single day on February 18 after announcing it would soon be launched on Binance Smart Chain (BSC). Many in the crypto community were optimistic about the project that was launched back in August 2020. The protocol raised a $600,000 seed round led by Framework Ventures, after which it raised an additional $5 million in a private sale funding round led by Three Arrows Capital, Binance Labs, and Pantera Capital. The protocol also attracted investment from bigger investors like Coinbase Ventures, Galaxy Digital, and Alameda Research. Despite today’s exploit on the DeFi protocol, its native cryptocurrency token has remained relatively stable, and at the time of writing, DODO was trading at $3.94, down by a little over 2.55% at midday (ET), but was already up 1.17% to $4.09 at press time. The token’s price movements, along with several members of the community declaring their support for the decentralized exchange (DEX) suggests that this exploit had a relatively low impact on the DODO exchange. Image: Courtesy of DODO See more from Benzinga Click here for options trades from Benzinga AMD May Repurpose Its Apple-Exclusive GPUs For Cryptocurrency Mining: Reports Cathie Wood Thinks Bitcoin And Other Cryptocurrencies Could Soon Become Part Of Typical Investor Portfolios © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments", "Digital asset ma
**Last 60 Days of Bitcoin's Closing Prices:**
[40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-10
**Financial & Commodity Data:**
- Gold Closing Price: $1721.50
- Crude Oil Closing Price: $64.44
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,001,697,729,331
- Hash Rate: 158863750.91842875
- Transaction Count: 344688.0
- Unique Addresses: 833186.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: * Bitcoin set for 20% weekly rise * Traders reassess pace of U.S. recovery on weak jobs data * Euro ticks down * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Julien Ponthus LONDON, Feb 12 (Reuters) - Bitcoin hovered closeto record highs on Friday, set for gains of over 20% in amilestone week marked by the endorsement of major firms, such asElon Musk's Tesla, while the weak U.S. jobs market continued toweigh on the dollar. The world's most popular cryptocurrency last traded 1.1%down at $47,451, just south of a record high of $49,000 reachedafter U.S. banking group BNY Mellon said it had formed aunit to help clients hold, transfer, and issue digital assets. Tesla revealed it had bought $1.5 billion worth ofthe cryptocurrency and BlackRock, the world's largestasset manager, added bitcoin as an eligible investment to twofunds. Credit card giant Mastercard's plans to offer supportfor some cryptocurrencies also boosted bitcoin's ambitionstowards mainstream finance, but many banks are reluctant toengage with it. "We do not cover other speculative objects such as vintagecars, works of art or expensive watches", Commerzbank Researchsaid in a note on why it would not comment on the bitcoinexchange rate that some analysts say could test the $50,000level soon. Elsewhere the dollar headed for its first losing week inthree as signs of weakness in the U.S. jobs market dentedinvestor expectations about the pace of economic recovery fromthe pandemic. In early European trade, the dollar index edged up0.15% to 90.55 after subdued volumes in Asia due to the LunarNew Year. It was on track to fall 0.5% for the week. The dollar was slightly up against the yen at 104.940. The weaker-than-expected weekly U.S. jobless claims data onThursday added to concerns the dollar's previous rally hadpriced in too fast a rebound for the U.S. economy. There has been a divergence in views among traders this yearover how U.S. President Joe Biden's planned $1.9 trillion fiscalstimulus package will affect the dollar. Some see it as bolstering the currency as it should speed aU.S. recovery relative to other countries, while others reckonedit would feed a global reflation narrative that should liftriskier assets at the dollar's expense. The euro slipped 0.17% to $1.2115, consolidatingfor a third day near that level as it headed for a 0.5% weeklyadvance. The common currency was flat against the pound at 0.876 after official figures showed Britain's coronavirus-ravagedeconomy slumped by 9.9% in 2020, the biggest annual crash inmore than 300 years, but avoided heading back towards recessionat the end of last year. Norway's crown strengthened slightly and pared some lossesagainst the euro after data showed the country's economycontracted by 2.5% last year, a decline less severe than in mostother European nations. It traded last at 10.2940, down 0.1% against the euro. ======================================================== Currency bid prices at 8:31AM (831 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2109 $1.2133 -0.19% -0.89% +1.2135 +1.2105 Dollar/Yen 104.9600 104.7300 +0.23% +1.63% +104.9800 +104.7850 Euro/Yen 127.09 127.05 +0.03% +0.13% +127.2300 +127.0200 Dollar/Swiss 0.8911 0.8898 +0.16% +0.73% +0.8913 +0.8901 Sterling/Dollar 1.3790 1.3816 -0.17% +0.96% +1.3816 +1.3785 Dollar/Canadian 1.2739 1.2703 +0.28% +0.04% +1.2740 +1.2695 Aussie/Dollar 0.7734 0.7755 -0.25% +0.55% +0.7756 +0.7734 NZ 0.7200 0.7227 -0.33% +0.31% +0.7232 +0.7203 Dollar/Dollar All spotsTokyo spotsEurope spots Volatilities Tokyo Forex market info from BOJ (Reporting by Julien Ponthus; Editing by Sam Holmes, SimonCameron-Moore and Barbara lewis)...
- Reddit Posts (Sample): [['u/Unlucky-Dare', 'Market Recap - Monday, March 9th 2021', 46, '2021-03-10 00:37', 'https://www.reddit.com/r/Wallstreetbetsnew/comments/m1jmtz/market_recap_monday_march_9th_2021/', "Highlights from Tuesday’s trading session\n\n* Big Tech Rebounds\n* Tesla has best day since April 2020, surges 20%\n* All eyes on Robolux IPO\n* Biden to sign stimulus bill before Sunday deadline\n\n# Tuesday Market Recap\n\n* Big Tech Rebounds\n\nAfter lagging badly for the last few weeks, tech stocks are exploding higher as bond yields stabilized. The Nasdaq Composite finished upwards 3.69% to 13,073.82 for its best day since November. The tech-heavy benchmark rallied as much as 4.3% during the session. Apple and Facebook jumped more than 4% each, while Microsoft and Netflix both gained at least 2.5%. Amazon rose 3.8%.\n\nThe contrast between the gains of the Dow and the Nasdaq in recent weeks emphasizes market participant’s increasing rotation out of tech stocks that led the markets higher in 2020 into stocks that are likely going to benefit from the economy reopening.\n\n&#x200B;\n\n* Yields\n\nYield's pulled back a little but remain at elevated levels, which was pressuring equity markets, particularly tech stocks, in recent weeks. Rising interest rates hurt high-growth stocks the most because high-growth companies generate most of their cash and earnings years down the road. Future cash decreases in today's dollars as rates increase partly because investors have more opportunity to earn bigger returns from assets paying higher interest and dividends right now.\n\n&#x200B;\n\n* Tesla has best day since April, soars 20%\n\nTesla soared 19.6% after a five-day losing streak and posted its biggest one-day pop since February 2020. This is the stocks best trading day since April 2020 though the stock is still down about 25% from its all-time intraday high of $900 per share on January 25.\n\n&#x200B;\n\n* All eyes on Robolux IPO\n\nThe company is scheduled to go public through a direct listing on Wednesday, after raising money in January at a $29.5 billion valuation. The company has built one of the top-grossing apps for\xa0Apple\xa0and\xa0Google\xa0devices by turning youthful users into game creators without forcing them to learn complicated coding. Roblox said in the latest update to its\xa0prospectus\xa0that it paid developers $328.7 million last year, up almost 200% from 2019. That far outpaced the company’s sales growth of 82% last year, when it booked $923.9 million in total revenue\n\n&#x200B;\n\n* Biden to Sign stimulus bill before Sunday deadline\n\nIt is no longer news that House Democrats plan to pass the $1.9 trillion coronavirus relief package on Wednesday morning. However, the issue is getting it across to Biden to sign before Sunday. Biden aims to sign the legislation in time to beat a Sunday deadline to renew unemployment aid programs. It can take days for Congress to formally send huge bills to the White House. The president previously said he expects direct payments of up to $1,400 to start hitting Americans’ bank accounts this month.\n\n&#x200B;\n\n**Highlights**\n\n* Shares of Gamestop (GME) performed strongly again today, rising around 26%! To Da Moon we go!\n* Roblox is set to go public tomorrow via direct listing, ticker will be RBLX. Unlike a traditional IPO the company isn’t raising new capital via the offering, instead holders are selling stock they already own.\n* Walt Disney Co.'s flagship streaming service, Disney+, has surpassed 100 million subscribers in its first 16 months of operation, the company announced today.\n* After cratering in value in recent weeks, EV stocks like NIO and Tesla (TSLA) came roaring back today! It was Tesla’s best day since 2013, up around 19% at the time of writing\n* Twitter (TWTR) and Square (SQ) boss Jack Dorsey said on Tuesday he will convert proceeds from the digital auction of the first-ever tweet on the platform to bitcoin for charity. His first tweet sold as a non-fungible token for $2.5 million\n\nIs this recap helpful?\n\n[View Poll](https://www.reddit.com/poll/m1jmtz)", 'https://www.reddit.com/r/Wallstreetbetsnew/comments/m1jmtz/market_recap_monday_march_9th_2021/', 'm1jmtz', [['u/Bearded_Devildog', 17, '2021-03-10 00:49', 'https://www.reddit.com/r/Wallstreetbetsnew/comments/m1jmtz/market_recap_monday_march_9th_2021/gqe0vw7/', 'This shit is literally historical. Years from now economic classes will be teaching students how people on reddit came down on HF.', 'm1jmtz'], ['u/ScottSilver12', 15, '2021-03-10 01:23', 'https://www.reddit.com/r/Wallstreetbetsnew/comments/m1jmtz/market_recap_monday_march_9th_2021/gqe4qbw/', 'I think the AMC after hours spike was a lot of cal options getting covered (AKA gamma squeezing). If we hold we can just do this week after week until the first paper handed hedge fund kickstarts the short squeeze 🚀🚀🚀', 'm1jmtz'], ['u/diamondcock69420', 10, '2021-03-10 02:35', 'https://www.reddit.com/r/Wallstreetbetsnew/comments/m1jmtz/market_recap_monday_march_9th_2021/gqecx0v/', "To all the people who starting following February and onwards, don't panic when it starts to dip at 420 or 800 or 1000 or whatever. \n\nI bought in before 100 at the first spike. The high was exhilarating, then the restricting bullshit happened. The dip was depressing but the memes and comments kept me laughing and hopeful. The lies being told on CNBC made me hopeful, they are scared. Peterffy and Cooperman showing how stupid they really are on live TV made me realise they aren't smarter than me or you probably. They are old, greedy an out of touch and don't give a fuck about me, in fact i believe they want less for me and more for themselves. They fucked up this time and I can financially curb stomp them if I just hold\n\nI believe this is history and that you and me can be part of it (kind of is history in the making still). I want to build a shrine to DFV in the backyard of my mansion. You can too if you just hold.", 'm1jmtz']]], ['u/vanturetrading', 'Evening Recap for Tuesday, 03/09/21', 39, '2021-03-10 00:43', 'https://www.reddit.com/r/VantureTrading/comments/m1jrc4/evening_recap_for_tuesday_030921/', "Good evening everybody.\n\n**Main Watchlist Review:**\n\nIt was a strong day in the market, and there were good opportunities to go long on the watchlist. GME provided some strong price action this morning, and the momentum lasted into the afternoon. MARA, RIOT, and CAN also had strong days. TSLA and NIO also provided good trading opportunities throughout the day. EYES and ANPC sold off early in the morning, and that continued into the afternoon. \n\n**Small Caps Watchlist Review:**\n\nINVO had some high volatility this morning. I didn't trade it, but it made quite a move before selling off. TRIT actually provided a couple decent setups a bit later in the day, although they were on low volume. OGEN and GTBP sold off in the morning, but provided some action later on. OPGN, NNVC, and LIZI sold off in the morning and didn't provide much for trading.\n\n**Major News/Market Recap:**\n\nIt was a strong day overall in the market. SPY is currently trading a bit under 388, and it couldn't quite break through the 390 barrier today. Tech led the rally today, and had a nice rebound after the red we've been seeing. Bitcoin is green on the day and sitting around 54,600. Most Bitcoin-related stocks had a strong day today, and I'll be watching them tomorrow as well. Marijuana stocks are trading higher as well. GME continues its push upwards, and has actually been providing nice intraday trading opportunities. Make sure you don't give in to your emotions on these nice green days. You still need to be disciplined in your trading \n\n**Stocks Moving in AH:** MNOV, OBLN, XELA, ATOS, SLGG, NARI, OTRK, GWAC", 'https://www.reddit.com/r/VantureTrading/comments/m1jrc4/evening_recap_for_tuesday_030921/', 'm1jrc4', [['u/lundybird', 12, '2021-03-10 02:36', 'https://www.reddit.com/r/VantureTrading/comments/m1jrc4/evening_recap_for_tuesday_030921/gqeczn6/', 'I rely on your notes each morning and compare my trading day to these evening notes - resulting in some excellent returns. \n\nYour "service" is invaluable. Thank you.', 'm1jrc4']]], ['u/fuckingjoke123', 'Clearly there is no self energy in Monero', 22, '2021-03-10 01:26', 'https://www.reddit.com/r/xmrtrader/comments/m1knuy/clearly_there_is_no_self_energy_in_monero/', '&#x200B;\n\nhttps://preview.redd.it/07xnialih3m61.png?width=1035&format=png&auto=webp&s=f6fb7fcf9f3c71f0da9f247766126507223b4b93\n\n&#x200B;\n\nhttps://preview.redd.it/wmmpq564i3m61.png?width=1152&format=png&auto=webp&s=31d6806a18617c710c889851d738e5a77b1287aa\n\nAnd guess what\'s the latter? DAAAAAAAsSH!\n\nI won\'t feel humiliated by any other shitcoins performing way better than XMR. But by this one, i feel sick.\n\nA scam claims to be a privacy coin while actually "technically it\'s no difference than bitcoin", performs better than the one true god of privacy coin and is pumped like an attacking snake.\n\nwhat a joke.', 'https://www.reddit.com/r/xmrtrader/comments/m1knuy/clearly_there_is_no_self_energy_in_monero/', 'm1knuy', [['u/Epidemic_Fancy', 24, '2021-03-10 02:07', 'https://www.reddit.com/r/xmrtrader/comments/m1knuy/clearly_there_is_no_self_energy_in_monero/gqe9s52/', 'You have to remember that any and I mean any government institution or semi professional corporation attached to said entity is super terrified of Monero’s true capability to undermine and devalue their fiat/commodity based currency of choice.', 'm1knuy']]], ['u/Total_Piano3921', '[osu!std] Cr1tikal | Suspicious (2nd Report)', 96, '2021-03-10 01:26', 'https://www.reddit.com/r/osureport/comments/m1knzj/osustd_cr1tikal_suspicious_2nd_report/', '**I HAVE LEFT SOURCES AND A TLDR AT THE END OF THE POST IF YOU ARE ONLY INTRESTED IN THAT SINCE THIS IS QUITE A LONG READ.**\n\nFirst off I would just like to say that I do not have access to the first report. Theref...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Carlo Allegri/Reuters The frenzy over celebrity-endorsed investment vehicles known as SPACs has prompted the Securities and Exchange Commission to warn amateur investors not to turn fandom into a financial disaster. High-profile sponsors from NBA legend Shaquille O’Neal to tennis star Serena Williams to ex-Trump adviser Gary Cohn have loaned their star power to “special purpose acquisition companies”—which has regulators worried. “Celebrities, like anyone else, can be lured into participating in a risky investment or may be better able to sustain the risk of loss,” the SEC wrote in a statement . “It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment.” Once an obscure form of financial engineering, a SPAC is a shell company that trades on a stock exchange, with the intent to merge with or acquire another company. The gist: a group of founders create a SPAC, take it public, and sell shares for the so-called “blank check company.” Using the investment money, the SPAC will look to merge or acquire another non- shell company within a certain time frame. If the SPAC finds a company within that time, its investors benefit. If it doesn’t, the SPAC dissolves and returns the money, minus expenses. Economist Lora Dimitrova has dubbed them “the poor man’s private equity.” SPACs have boomed in popularity over the past 15 months; in that period, some 474 SPACs have registered with the SEC, raising a collective $156 billion dollars. At the forefront of the rush are a collection of athletes, musicians, and former politicians scrambling to get a piece of the action and sponsor their own shell corporation. Former baseball star Alex Rodriguez started a SPAC called Slam Corp.; Colin Kaepernick threw in for a $1 billion SPAC called Mission Advancement that promised to advance a “social mission.” Jay-Z’s SPAC just merged with two companies to form the largest weed firm in California. The list goes on: Billy Beane , Ciara Wilson , retired House Speaker Paul Ryan , to name just a few. Story continues “The basic case for SPACs,” Bloomberg’s Matt Levine wrote last week, “is ‘people are lining up to throw money at SPACs so I might as well grab some of it.’” Economist Dean Baker (who is an occasional contributor to The Daily Beast) said part of why SPACs are popular is because other investment vehicles have low interest rates or returns in recent years. “People are looking at very low returns if they put their money in bonds,” Baker said, comparing the SPAC craze to Bitcoin in their hyperbolic promises of huge profits: “Although with Bitcoin,” he added, “people actually did make money.” “I haven’t seen a breakdown of the SPACs—how many athletes, actors, and so on—but people admire these people. It’s hard for me to understand. Take Tom Brady—he’s a great quarterback, but why would you think the people he’s lined up to handle his money are good at that necessarily?” Baker said. (Brady doesn’t have a SPAC—yet.) SPAC Guru, one of many Twitter accounts that have popped up to fill the demand for SPAC-related information, had the opposite take. The anonymous adviser, who says he spent years working in mergers and acquisitions, saw the spike first hand, watching his Twitter turn from personal diary to SPAC dispatch with more than 75,000 followers just since June. He contends that SPACs offer entry-level people a way to invest with relatively low risk. The celebrities were often just tacked on as PR stunts, he said. “First thing is that the celebrity is usually not the sponsor,” he said. “The sponsors are usually bankers. They bring the celebrity in as someone on the sponsor’s side––whether it’s Shaq or whoever. They have to do the same exact S1 registration that any other company does... They go through the same rigorous hurdles as any other IPO...Even if the celebrity’s a dingbat, if they’re in a SPAC it’s cause they put in some money and it’s their name and it gets more publicity because more people speak about it.” But critics call the fantastical excitement over SPACs a bubble, destined to pop any day now. Investor GMO co-founder Jeremy Grantham, who inadvertently made over $250 million off SPACs last year after one bought a company he’d invested in, has called for a ban on them, saying they are “a license to rip investors off.” Charlie Munger, Warren Buffet’s 97-year-old business partner, sneered that SPACs were merely “crazy speculation” and “irritating.” And billionaire Chris Sacca tweeted this week that SPACs are so anxious to have famous names tied to the venture that he has been offered seats on boards with the promise that he would not have to do anything. I\'ve been offered a bunch of SPAC board seats. The pitch usually goes something like, "You\'ll get [lots of shares] for just putting your name on it and doing nothing." While there are some board members actively helping, too many are just window dressing. Don\'t get distracted. — Chris Sacca 🇺🇸 (@sacca) March 9, 2021 SPACs have seesawed wildly in popularity over the years. After their invention in the 1990s, the investment vehicle lingered in relative obscurity, only to resurface after 2003. The surge lasted for years—right up until the 2007 stock market crash. “They have represented a significant proportion of IPOs, especially in the years leading up to the 2007-2009 financial crisis,” Dimitrova wrote in a 2016 paper. In 2007, she wrote, SPACs made up more than one-third of all IPOs in the U.S. Baker, who was among the first economists to predict the housing market crisis, said he saw similarities between then and now. “Oh yeah, this is just people being irrational,” Baker said. “Going back to the housing bubble days, people were just saying crazy, crazy things— ‘housing always goes up,’ [or] ‘you can always live in your house.’ What does that mean? It’s the same with these SPACs. It definitely has the characteristics of a bubble Read more at The Daily Beast. Got a tip? Send it to The Daily Beast here Get our top stories in your inbox every day. Sign up now! Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.', 'Carlo Allegri/Reuters The frenzy over celebrity-endorsed investment vehicles known as SPACs has prompted the Securities and Exchange Commission to warn amateur investors not to turn fandom into a financial disaster. High-profile sponsors from NBA legend Shaquille O’Neal to tennis star Serena Williams to ex-Trump adviser Gary Cohn have loaned their star power to “special purpose acquisition companies”—which has regulators worried. “Celebrities, like anyone else, can be lured into participating in a risky investment or may be better able to sustain the risk of loss,” the SEC wrote in a statement . “It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment.” Once an obscure form of financial engineering, a SPAC is a shell company that trades on a stock exchange, with the intent to merge with or acquire another company. The gist: a group of founders create a SPAC, take it public, and sell shares for the so-called “blank check company.” Using the investment money, the SPAC will look to merge or acquire another non- shell company within a certain time frame. If the SPAC finds a company within that time, its investors benefit. If it doesn’t, the SPAC dissolves and returns the money, minus expenses. Economist Lora Dimitrova has dubbed them “the poor man’s private equity.” SPACs have boomed in popularity over the past 15 months; in that period, some 474 SPACs have registered with the SEC, raising a collective $156 billion dollars. At the forefront of the rush are a collection of athletes, musicians, and former politicians scrambling to get a piece of the action and sponsor their own shell corporation. Former baseball star Alex Rodriguez started a SPAC called Slam Corp.; Colin Kaepernick threw in for a $1 billion SPAC called Mission Advancement that promised to advance a “social mission.” Jay-Z’s SPAC just merged with two companies to form the largest weed firm in California. The list goes on: Billy Beane , Ciara Wilson , retired House Speaker Paul Ryan , to name just a few. Story continues “The basic case for SPACs,” Bloomberg’s Matt Levine wrote last week, “is ‘people are lining up to throw money at SPACs so I might as well grab some of it.’” Economist Dean Baker (who is an occasional contributor to The Daily Beast) said part of why SPACs are popular is because other investment vehicles have low interest rates or returns in recent years. “People are looking at very low returns if they put their money in bonds,” Baker said, comparing the SPAC craze to Bitcoin in their hyperbolic promises of huge profits: “Although with Bitcoin,” he added, “people actually did make money.” “I haven’t seen a breakdown of the SPACs—how many athletes, actors, and so on—but people admire these people. It’s hard for me to understand. Take Tom Brady—he’s a great quarterback, but why would you think the people he’s lined up to handle his money are good at that necessarily?” Baker said. (Brady doesn’t have a SPAC—yet.) SPAC Guru, one of many Twitter accounts that have popped up to fill the demand for SPAC-related information, had the opposite take. The anonymous adviser, who says he spent years working in mergers and acquisitions, saw the spike first hand, watching his Twitter turn from personal diary to SPAC dispatch with more than 75,000 followers just since June. He contends that SPACs offer entry-level people a way to invest with relatively low risk. The celebrities were often just tacked on as PR stunts, he said. “First thing is that the celebrity is usually not the sponsor,” he said. “The sponsors are usually bankers. They bring the celebrity in as someone on the sponsor’s side––whether it’s Shaq or whoever. They have to do the same exact S1 registration that any other company does... They go through the same
**Last 60 Days of Bitcoin's Closing Prices:**
[38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-11
**Financial & Commodity Data:**
- Gold Closing Price: $1722.30
- Crude Oil Closing Price: $66.02
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,050,705,653,766
- Hash Rate: 140738356.51833954
- Transaction Count: 291245.0
- Unique Addresses: 766597.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin gained ground while U.S. bond yields dropped during Wednesday’s Asian session as remarks by U.S. Federal Reserve Chairman Jerome Powell squashed fears of an early unwinding of monetary stimulus.
The leading cryptocurrency clocked a high of $51,413 at 04:15 UTC, having defended the psychological support of $45,000 on Tuesday, according toCoinDesk 20data. At press time, bitcoin traded near $50,500, representing a 3% gain on the day.
The U.S. 10-year bond yield slipped to 1.33%, extending Tuesday’s drop from 1.39% to 1.34%, according to data source TradingView.
Related:Ex-London Stock Exchange Chief Says UK Should Embrace Crypto Post-Brexit
The yields came under pressure, possibly helping bitcoin scale the $50,000 mark, as Powell underscored the U.S. economy’s ongoing weakness in written testimony to the U.S. Senate Banking Committee on Tuesday. Bond yields are reflective of investors’ expectations of growth/inflation and interest rates.
“The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain,” Powellsaid, noting that millions of Americans are still out of work.
Powell’s comments contradicted the bond markets’ previous optimism that the U.S. economy would grow rapidly this year, putting pressure on the Fed to unwind stimulus (hike rates or scale back bond purchases) earlier than expected. The 10-year bond rose to a 12-month high of 1.39% earlier this week, diluting bitcoin’s appeal as an inflation hedge, and sending the cryptocurrency lower to $45,000 from record highs above $58,000. The sell-off was accentuated by U.S. Treasury Secretary Janet Yellen’santi-bitcoin comments.
A continued decline in bond yields could propel bitcoin toward record highs. “The focus remains on bond yields and stock markets,” Denis Vinokourov, head of research at the London-based prime brokerage Bequant, told CoinDesk in a Telegram chat.
Related:JPMorgan Carried Out 'Nerdy' Test of Blockchain Payments in Space, Exec Says
Vinokourov added that “buying the dip” remains the best strategy, as institutional demand for the cryptocurrency continues to grow. Payments giantSquare disclosedits additional bitcoin investment worth $170 million on Tuesday. Elsewhere, the recently launched Canadian bitcoin exchange-traded fund (ETF) is witnessing strong inflows, as noted by the data provider Glassnode.
Further, thesettlementof a long-running legal dispute between Tether Ltd, the company behind the stablecointether, and the New York Attorney General’s office has supposedly removed a potential systemic threat to cryptocurrency markets.
Analysts at JPMorgan warned last week that a sudden loss of confidence in tether posed risk to crypto markets, given the stablecoin is widely used to fund cryptocurrency purchases.
• Bitcoin Retakes $50K as Powell Eases Market Jitters, Bond Yields Drop
• Bitcoin Retakes $50K as Powell Eases Market Jitters, Bond Yields Drop...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["The French government might be the unintended beneficiaries of a cryptocurrency hack that took place in 2019. What Happened: According to reports by French publication Cyberguerre , the French government plans to auction the cryptocurrency it seized from alleged hackers of London-based cryptocurrency platform GateHub. The French Agency for the Management and Recovery of Seized and Confiscated Assets (AGRASC) said that it would auction 611 bitcoins, which amounts to over $34.8 million at the current price. Paris-based auction house Kapandji Morhange will reportedly auction the 611 bitcoins on March 17. See also: How to Buy Bitcoin (BTC) Of the bitcoins up for auction, 610 correspond to what was seized by the courts during the investigation of the GateHub hack. The accused hackers have not been given sentences yet. If they are cleared of all charges, they will receive all the proceeds of the French government's planned Bitcoin sale. Why It Matters: The GateHub hack , which took place in July 2019, involved cyber criminals gaining access to customer accounts on the cryptocurrency platform. Two of the individuals tied to the crime were Nassim B and Gabriel KAB, also known by their online aliases Prosox and Kurois'h, who were also found guilty for hacking the Despacito video on Youtube in 2018. What Else: Incidentally, the U.S government also plans to auction some Bitcoin between March 15 and 17. The U.S General Services Administration, which typically uses its auctions to sell surplus federal equipment to the public, said it plans to auction 0.7501 of a Bitcoin later this week. Image: Tingey Injury Law Firm via Unsplash See more from Benzinga Click here for options trades from Benzinga Goldman Sachs Evaluates Bitcoin As 'Client Demand Is Rising,' COO Says Digital Currency Group To Buy 0 Million Of Grayscale Bitcoin Trust Shares © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "The French government might be the unintended beneficiaries of a cryptocurrency hack that took place in 2019.\nWhat Happened:According to reports by French publicationCyberguerre, the French government plans to auction the cryptocurrency it seized from alleged hackers of London-based cryptocurrency platform GateHub.\nThe French Agency for the Management and Recovery of Seized and Confiscated Assets (AGRASC) said that it would auction 611 bitcoins, which amounts to over $34.8 million at the current price.\nParis-based auction house Kapandji Morhange will reportedly auction the 611 bitcoins on March 17.\nSee also: How to Buy Bitcoin (BTC)\nOf the bitcoins up for auction, 610 correspond to what was seized by the courts during the investigation of the GateHub hack.\nThe accused hackers have not been given sentences yet. If they are cleared of all charges, they will receive all the proceeds of the French government's planned Bitcoin sale.\nWhy It Matters:The GateHubhack, which took place in July 2019, involved cyber criminals gaining access to customer accounts on the cryptocurrency platform.\nTwo of theindividualstied to the crime were Nassim B and Gabriel KAB, also known by their online aliases Prosox and Kurois'h, who were also found guilty for hacking the Despacito video on Youtube in 2018.\nWhat Else:Incidentally, the U.S government alsoplansto auction some Bitcoin between March 15 and 17.\nThe U.S General Services Administration, which typically uses its auctions to sell surplus federal equipment to the public, said it plans to auction 0.7501 of a Bitcoin later this week.\nImage:Tingey Injury Law Firmvia Unsplash\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Goldman Sachs Evaluates Bitcoin As 'Client Demand Is Rising,' COO Says\n• Digital Currency Group To Buy 0 Million Of Grayscale Bitcoin Trust Shares\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "The French government might be the unintended beneficiaries of a cryptocurrency hack that took place in 2019.\nWhat Happened:According to reports by French publicationCyberguerre, the French government plans to auction the cryptocurrency it seized from alleged hackers of London-based cryptocurrency platform GateHub.\nThe French Agency for the Management and Recovery of Seized and Confiscated Assets (AGRASC) said that it would auction 611 bitcoins, which amounts to over $34.8 million at the current price.\nParis-based auction house Kapandji Morhange will reportedly auction the 611 bitcoins on March 17.\nSee also: How to Buy Bitcoin (BTC)\nOf the bitcoins up for auction, 610 correspond to what was seized by the courts during the investigation of the GateHub hack.\nThe accused hackers have not been given sentences yet. If they are cleared of all charges, they will receive all the proceeds of the French government's planned Bitcoin sale.\nWhy It Matters:The GateHubhack, which took place in July 2019, involved cyber criminals gaining access to customer accounts on the cryptocurrency platform.\nTwo of theindividualstied to the crime were Nassim B and Gabriel KAB, also known by their online aliases Prosox and Kurois'h, who were also found guilty for hacking the Despacito video on Youtube in 2018.\nWhat Else:Incidentally, the U.S government alsoplansto auction some Bitcoin between March 15 and 17.\nThe U.S General Services Administration, which typically uses its auctions to sell surplus federal equipment to the public, said it plans to auction 0.7501 of a Bitcoin later this week.\nImage:Tingey Injury Law Firmvia Unsplash\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Goldman Sachs Evaluates Bitcoin As 'Client Demand Is Rising,' COO Says\n• Digital Currency Group To Buy 0 Million Of Grayscale Bitcoin Trust Shares\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'Bitcoin , BTC to USD, rallied by 3.44% on Thursday. Following on from a 1.87% gain on Wednesday, Bitcoin ended the day at $57,877.0. It was a mixed start to the day. Bitcoin slid from an early morning high $56,537.9 to a late morning intraday low $54,401.0. Steering clear of the first major support level at $53,612, Bitcoin rallied to a late intraday high $58,266.0. Bitcoin broke through the first major resistance level at $57,901 before falling back to sub-$57,900 levels. The near-term bullish trend remained intact supported by the latest visit to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Cardano’s ADA (-0.69%), Polkadot (-4.99%), and Ripple’s XRP (-2.06%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors, however. Crypto.com Coin rallied by 6.61% to lead the way, Binance Coin with rising by 4.14%. Bitcoin Cash SV (+0.04%), Chainlink (+0.81%), Ethereum (+1.75%), and Litecoin (+0.57%) saw relatively modest gains on the day. In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Thursday high $1,769bn. At the time of writing, the total market cap stood at $1,727bn. Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Thursday high 62.57%. At the time of writing, Bitcoin’s dominance stood at 62.35%. This Morning At the time of writing, Bitcoin was down by 0.19% to $57,765.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,159.0 before falling to a low $57,530.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-1.04%), Cardano’s ADA (-0.18%), Litecoin (-0.02%), and Ripple’s XRP (-0.59%) also joined Bitcoin in the red. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 3.68% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $56,848 to bring the first major resistance level at $59,295 into play. Support from the broader market would be needed for Bitcoin to break out from February’s swing hi $58,321.2. Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $62,000. The second major resistance level sits at $60,713. Failure to avoid a fall through the $56,848 pivot would bring the first major support level at $55,430 into play. Barring an extended sell-off on the day, Bitcoin should steer clear sub-$54,000 levels. The second major support level sits at $52,983. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Daily Forecast – A Move Out Of The Range Crude Oil Price Forecast – Crude Oil Recaptures Upward Momentum Silver Price Forecast – Silver Markets Stall at 50 Day EMA Crude Oil Price Update – Strengthens Over $66.00, Weakens Under $65.45 E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Needs to Hold 32279 to Sustain Momentum Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 12th, 2021', 'Bitcoin, BTC to USD, rallied by 3.44% on Thursday. Following on from a 1.87% gain on Wednesday, Bitcoin ended the day at $57,877.0.\nIt was a mixed start to the day. Bitcoin slid from an early morning high $56,537.9 to a late morning intraday low $54,401.0.\nSteering clear of the first major support level at $53,612, Bitcoin rallied to a late intraday high $58,266.0.\nBitcoin broke through the first major resistance level at $57,901 before falling back to sub-$57,900 levels.\nThe near-term bullish trend remained intact supported by the latest visit to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Thursday.\nCardano’s ADA(-0.69%), Polkadot (-4.99%), andRipple’s XRP(-2.06%
**Last 60 Days of Bitcoin's Closing Prices:**
[35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-12
**Financial & Commodity Data:**
- Gold Closing Price: $1719.50
- Crude Oil Closing Price: $65.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,079,051,948,612
- Hash Rate: 159929950.58902222
- Transaction Count: 320744.0
- Unique Addresses: 818834.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.70
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Canadian investment firm Ninepoint Partners completed the C$230 million (US$180 million) initial public offering of its cryptocurrency fund which is now fully invested.
• Ninepoint Partnersbitcoinfund started trading onWednesdaywas over 99% invested on its first day of trading.
• The bitcoin fund is available in both U.S. dollars and Canadian dollars and is listed on the Toronto Stock Exchange under the symbols “BITC.U” and “BITC.UN.”
• According to Ninepoint, the fund will have the lowest management fee structure for a listed bitcoin vehicle in Canada.
• The bitcoin held by the fund is valued based on the “MVIS CryptoCompare Institutional Bitcoin Index” managed by MV Index Solutions GmbH which is a wholly-owned subsidiary of Van Eck.
Read more:Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency
• $180M Bitcoin Trust Completes Canadian IPO, Fully Invested on First Day
• $180M Bitcoin Trust Completes Canadian IPO, Fully Invested on First Day
• $180M Bitcoin Trust Completes Canadian IPO, Fully Invested on First Day
• $180M Bitcoin Trust Completes Canadian IPO, Fully Invested on First Day...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 1.00% on Friday. Partially reversing a 3.44% rally from Thursday, Bitcoin ended the day at $57,297.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $58,159.0 before hitting reverse. Falling short of the first major resistance level at $59,295, Bitcoin slid to an early afternoon intraday low $55,183.0. Bitcoin fell through the first major support level at $55,430 before briefly revisiting $57,800 levels. Falling short of $58,000 levels, Bitcoin fell back to end the day at sub-$57,300 levels. The near-term bullish trend remained intact supported by the latest visit to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Litecoin rallied by 9.61%, with Crypto.com Coin rising by 3.56% to buck the trend on the day. It was a bearish day for the rest of the majors. Binance Coin slid by 9.21% to lead the way down, with Cardano’s ADA (-8.10%) and Chainlink (-5.75%) weren’t far behind. Bitcoin Cash SV (-1.30%), Ethereum (-3.22%), Polkadot (-1.54%), and Ripple’s XRP (-2.80%) also saw red. In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Thursday high $1,769bn. At the time of writing, the total market cap stood at $1,727bn. Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Friday high 63.23%. At the time of writing, Bitcoin’s dominance stood at 62.35%. This Morning At the time of writing, Bitcoin was down by 1.36% to $56,517.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,358.0 before falling to a low $56,504.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV was up by 2.01% to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 3.84% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $56,880 to bring the first major resistance level at $58,576 into play. Support from the broader market would be needed for Bitcoin to break out from February’s swing hi $58,321.2. Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000. The second major resistance level sits at $59,856. Failure to move back through the $56,880 pivot would bring the first major support level at $55,600 into play. Barring an extended sell-off on the day, Bitcoin should steer clear sub-$54,000 levels. The second major support level sits at $53,904. This article was originally posted on FX Empire More From FXEMPIRE: Gold Weekly Price Forecast – Forms Neutral Candle at Crucial Support Gold Price Prediction – Prices Closed Unchanged as 10-Yields Hit 12-month Highs Crude Oil Weekly Price Forecast – Look Ready to Go Even More Parabolic Natural Gas Weekly Price Forecast – Natural Gas Markets Stabilize Natural Gas Price Forecast – Natural Gas Markets Stabilize Silver Weekly Price Forecast – Silver Markets Form Bearish Candle', 'Bitcoin, BTC to USD, fell by 1.00% on Friday. Partially reversing a 3.44% rally from Thursday, Bitcoin ended the day at $57,297.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning intraday high $58,159.0 before hitting reverse.\nFalling short of the first major resistance level at $59,295, Bitcoin slid to an early afternoon intraday low $55,183.0.\nBitcoin fell through the first major support level at $55,430 before briefly revisiting $57,800 levels.\nFalling short of $58,000 levels, Bitcoin fell back to end the day at sub-$57,300 levels.\nThe near-term bullish trend remained intact supported by the latest visit to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nLitecoinrallied by 9.61%, withCrypto.com Coinrising by 3.56% to buck the trend on the day.\nIt was a bearish day for the rest of the majors.\nBinance Coinslid by 9.21% to lead the way down, withCardano’s ADA(-8.10%) andChainlink(-5.75%) weren’t far behind.\nBitcoin Cash SV(-1.30%),Ethereum(-3.22%), Polkadot (-1.54%), andRipple’s XRP(-2.80%) also saw red.\nIn the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Thursday high $1,769bn. At the time of writing, the total market cap stood at $1,727bn.\nBitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Friday high 63.23%. At the time of writing, Bitcoin’s dominance stood at 62.35%.\nAt the time of writing, Bitcoin was down by 1.36% to $56,517.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,358.0 before falling to a low $56,504.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV was up by 2.01% to buck the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was down by 3.84% to lead the way down.\nBitcoin would need to move back through the pivot level at $56,880 to bring the first major resistance level at $58,576 into play.\nSupport from the broader market would be needed for Bitcoin to break out from February’s swing hi $58,321.2.\nBarring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000. The second major resistance level sits at $59,856.\nFailure to move back through the $56,880 pivot would bring the first major support level at $55,600 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear sub-$54,000 levels. The second major support level sits at $53,904.\nThisarticlewas originally posted on FX Empire\n• Gold Weekly Price Forecast – Forms Neutral Candle at Crucial Support\n• Gold Price Prediction – Prices Closed Unchanged as 10-Yields Hit 12-month Highs\n• Crude Oil Weekly Price Forecast – Look Ready to Go Even More Parabolic\n• Natural Gas Weekly Price Forecast – Natural Gas Markets Stabilize\n• Natural Gas Price Forecast – Natural Gas Markets Stabilize\n• Silver Weekly Price Forecast – Silver Markets Form Bearish Candle', 'Andrew Lichtenstein/Getty Just over a year ago, the Global Minority Initiative, a self-described prison relief charity, started mobilizing people online. Their mission? To “deliver charitable support for a group of inmates who need it the most... to ensure that none of them become lost and alone in a profoundly inhumane system.” The GMI’s main focus is on encouraging people to donate to inmates’ commissary funds , write them letters, and send them gifts like books. Its site features a simple yet comprehensive guide on how to do so, and fields donations itself. On social media, the group posts a prisoner’s profile every day, urging people to reach out to them. Every “ Ramen Wednesday,” they ask their followers to “eat ramen in solidarity with our guys,” and to “send ramen to our guys in support.” All of this may seem innocuous—many groups provide similar services to incarcerated individuals to mitigate the brutal realities of life in America’s absurd carceral system. But here’s the catch: The GMI is run exclusively by and for white nationalists, who they believe are one of America’s few truly oppressed communities. (Their name references this bogus perceived marginalization.) They list information for, and claim to be in contact with, dozens of people associated with neo-Nazi groups like Atomwaffen Division, arrested in association with major racist events like the 2017 Charlottesville Unite the Right Rally, or accused or convicted of individual hate-fueled crimes. Notable listees include convicted mass murderer Dylann Roof and alleged Tree of Life synagogue mass shooter Robert Bowers , lawyers for whom did not respond to requests for comment for this story. This Far-Right Network Is Using the Pandemic for a Recruiting Road Trip As cases against Capitol insurrectionists progress, a few of the white nationalists who took part in that attack may appear on the list as well. The GMI said it would not speak to The Daily Beast for this story. But when asked on social media a few weeks ago about an individual allegedly involved with the insurrection, a GMI organizer noted that they will put anyone their community flags to them on their list if they believe that individual’s “arrest, conviction, and/or sentencing [was] likely biased on account of [their] pro white sentiments.” Story continues The GMI remains relatively obscure; even some current and former white nationalists The Daily Beast spoke to said they’d never heard of it. But as Mollie Saltskog, an analyst with the Soufan Group, an intelligence and security think tank which has been monitoring the GMI, explained, the ways it mobilizes support for white nationalists in prison “further certain narratives that tend to radicalize people”—both inmates and those recruited to help them. In other words, extremism-watchers fear that the group is not merely a prisoner relief fund, but a petri dish fostering far-right grievance just as the federal government finally shows signs of cracking down on this manner of domestic extremism. “And that’s not what anyone wants to see come out of the arrests of white nationalists, especially at a moment like this, right after a major assault on American democracy,” Saltskog told The Daily Beast. Notably, GMI materials claim their “mission is not to promote a political agenda” or re-litigate cases. But Anat Agron, an analyst with the Middle East Media Research Institute (MEMRI) who has been monitorin
**Last 60 Days of Bitcoin's Closing Prices:**
[33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-13
**Financial & Commodity Data:**
- Gold Closing Price: $1719.50
- Crude Oil Closing Price: $65.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,116,940,113,159
- Hash Rate: 152466552.89486787
- Transaction Count: 277072.0
- Unique Addresses: 739312.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: While many people will look back on the pandemic as a dark time, it has also spurred some positive developmentsmost notably in the field of drug development, where miraculous breakthroughs like mRNA vaccines are transforming immunology. Now, a handful of companies believe the pandemic could lead to a profound change in how we address mental health. MindMed is one of those companies. The Toronto-based firm is led by JR Rahn, a former Uber executive whose cocaine addiction led him to try psychedelics as a treatmentan experience he credits with saving his life. Rahn believes drugs like LSD could hold the key to helping the millions of people who have been driven to despair by the pandemic. Americas mental health infrastructure is vastly broken. Sixty percent of U.S. counties dont have a single psychiatrist, and most of those that do dont accept insurance, says Rahn. Rahn points to statistics that report a frightening rise in addiction and anxiety during the pandemic, and says new forms of medicine will be needed to alleviate this. While LSDan illegal drug most associated with 1960s countercultureseems like an unlikely solution to a mental health crisis, MindMed has attracted wealthy investors and prestigious research partners. These include Steve Cohens Point72 hedge fund, which is among those who have invested $182 million in MindMed, and NYU Langone Health. The latter recently accepted a $5 million grant from MindMed to help train medical staff in administering psychedelics as treatment. MindMed is not the only company betting on a burgeoning market for medical psychedelics. The iconoclastic venture capitalist Peter Thiel has also taken an interest in the field, investing in Compass Pathways, a company with a mission similar to MindMeds but that is focusing primarily on psilocybinthe hallucinogenic compound in magic mushrooms. As for using such chemicals to treat mental illness, much of this research centers on microdosing, which involves patients taking very small amounts of a drug. Microdosing, which is also popular as a recreational activity among tech types, provides a different experience than the intense psychedelic journey of an LSD trip. Story continues According to Miri Halperin Wernli, MindMeds president, the companys strategy is not based on finding a single drug but on developing dozens of medicinal molecules, while also creating new digital platforms to deploy the treatments. A longtime pharmaceutical executive, Halperin Wernli says she expects MindMed to enter partnerships with major drug companies in the future to expand the delivery of LSD-based treatments. For now, of course, the idea of using psychedelics to treat addiction and mental health is very much experimental. While there is plenty of anecdotal evidence of the drugs efficacyincluding that of MindMeds founderclinical trials are relatively scant. For that reason, MindMed has been purchasing clinical data from places like Switzerland, which are at the forefront of radical or cutting-edge treatments. Even if the likes of MindMed and Compass Pathways can amass the requisite clinical trials, there is also the question of how to administer the drugs. Given the potent and unpredictable nature of psychedelics, any treatment plans will require trained doctors to superviseand there are only a handful of physicians and therapists in the U.S. who are able or willing to prescribe substances like LSD. According to Rahn, the MindMed founder, the company is taking a Silicon Valley approach to the problem. Namely, it plans to use technology to scale the treatments. In practice, this will involve building Zoom-like platforms where a medical professional can supervise from a distance, perhaps with a nurse assisting from the patients home. Rahn describes such a program as value-based care and says it has the potential to revolutionize the pharma industrys current get the highest price for a daily business model. The companys donation to NYU Langone Health is intended in part to help train a new cadre of medical professionals able to facilitate this vision. MindMed this week also acquired a medical A.I. firm called HealthMode in a share-based deal worth $34 million as part of its plan to build digital treatment platforms. Meanwhile, MindMed is also experimenting with new treatments that combine LSD with MDMAa practice known as candy flipping among recreational drug users, but that Rahn says offers promising therapeutical potential. Rahn also notes that, unlike the multibillion-dollar cannabis industry , MindMed has no intention of developing psychedelics for a recreational market. This decision, while sensible given the popular stigma surrounding psychedelics, may also increase the business challenges facing MindMed and Compass Pathways. According to Scott Greiper of Viridian Capital Advisors, a firm that has profited from the cannabis business, the lack of a potential recreational market makes the psychedelic industry less attractive to investors. I recognize the emerging science supporting the use of psychedelics from a medical and therapeutic perspective, and were meeting with companies and analysts, says Greiper. But he adds that the potential market is tiny compared with cannabis and that the likes of MindMed face a long and expensive path in bringing LSD-based drugs into the mainstream. Rahn, however, is undaunted. He says MindMed has the capital to build out its long-term vision. Meanwhile, the companys shares, which are trading for around CA$5 on a Canadian stock exchange, are up 10-fold since its public listing last March. Rahn also claims the companys work will help transform the view of psychedelic drugs among governments and in popular culture. Its funny how we look negatively at LSD and mushroomswhich are mind-opening and positivewhile cocaine is idealized on [hotlink]Netflix[/hotlink] shows, he says. More must-read finance coverage from Fortune : Why Bidens climate policies could be good for the S&P 500 With the Mustang Mach-E, Ford brings Americas consummate muscle car into the plug-in era and sparks fly Tax season 2021 : Deadlines, brackets, refunds, taxable income, and everything else you need to know about filing your 2020 taxes Reformed Bitcoin miner: Elon Musks $1.5 billion bet is crazy TikTok to the moon? The app is outgrowing its Gen Z stereotype This story was originally featured on Fortune.com...
- Reddit Posts (Sample): [['u/vanturetrading', 'Evening Recap for Friday, 03/12/21', 32, '2021-03-13 00:07', 'https://www.reddit.com/r/VantureTrading/comments/m3tmlq/evening_recap_for_friday_031221/', 'Good evening everybody. I hope your day went well, and take it easy this weekend. \n\n**Stocks over $10 Watchlist Review:**\n\nThe market opened lower this morning, but we saw a strong day with some good opportunities from the watchlist. KOSS, CAN, and CHPT had some great price action this morning before selling off in the afternoon. MARA and RIOT saw some volatile price swings today, and that should continue next week. MVIS and BA also had strong days, and provided opportunities throughout the day. \n\n**Stocks Under $10 Watchlist Review:**\n\nSEEL had some great price action this morning and made a nice run up, providing good trading opportunities. ENTX had some volatility this morning, but didn’t provide much for trading unless you were able to scalp it between halts. NLSP had some nice price action this morning and provided some trading opportunities before selling off later in the day. CFRX and BHAT sold off and didn’t provide much for trading, and CCRC was a total dud.\n\n**Major News/Market Recap:**\n\nThe market opened a bit lower this morning, but we saw a strong day of intraday trading. SPY is currently sitting at around 394, and saw a strong day after some choppiness this morning. I think we could see a push further up, but we’ll see what things look like Monday morning. Bitcoin continues its push, and we could see some more upwards movement in the next few days. Bitcoin-related stocks should be hot next week. Tech stocks are still showing some weakness, so it will be worth keeping an eye on them next week. GME was relatively calm today, but it’s always worth keeping an eye on. Take some time this weekend to review your trading this week. We can always be learning from ourselves. Also, feel free to share any trades you made in the comments. \n\n**Stocks Moving in AH:** ACER, EDRY, PXS, WWR, NXPI', 'https://www.reddit.com/r/VantureTrading/comments/m3tmlq/evening_recap_for_friday_031221/', 'm3tmlq', [['u/lolnow99', 10, '2021-03-13 01:21', 'https://www.reddit.com/r/VantureTrading/comments/m3tmlq/evening_recap_for_friday_031221/gqr0ewv/', 'Great call on SEEL, made some cashola.', 'm3tmlq']]], ['u/streetfigther-two', 'Whales selling before Bkex listing seems like a weird thing to do', 37, '2021-03-13 00:25', 'https://www.reddit.com/r/hoge/comments/m3tyzt/whales_selling_before_bkex_listing_seems_like_a/', "I get it, some probably have a ton of Hoge and can't believes its actually worth so much. They want to cash out while they can, cool. \n\nI've never seen anyone make Bitcoin money etc by selling within the first month of owning a coin. The fact is that when a coin allows for easier purchase the price generally goes up. Right now its very difficult to purchase Hoge, so even though everyone is excited, the price is a joke. For less than $1000 you can buy over a million Hoge. In a month from now when its listed on multiple exchanges and many more coins have been burned it will be much higher. In a year, just a different ballgame altogether. \n\nDon't be the dude that bought a $30 pizza with 15 bitcoins. :P", 'https://www.reddit.com/r/hoge/comments/m3tyzt/whales_selling_before_bkex_listing_seems_like_a/', 'm3tyzt', [['u/ScrotusMahotus', 14, '2021-03-13 00:28', 'https://www.reddit.com/r/hoge/comments/m3tyzt/whales_selling_before_bkex_listing_seems_like_a/gqquq64/', 'Hey man if your average dude saw his 1k investment turn into 5 million, would he hesitate to sell?', 'm3tyzt'], ['u/streetfigther-two', 10, '2021-03-13 00:30', 'https://www.reddit.com/r/hoge/comments/m3tyzt/whales_selling_before_bkex_listing_seems_like_a/gqquymj/', "It is not overly optimistic at all. You literally have to jump through some shitty ass hoops to buy Hoge right now. That's going to change and the price won't remain this low. Its the same reason why coins listed on Coinbase generally do much better and have a increase in price in the long run. The easier it is to access a coin the easier it is to buy. We're like dudes with machetes right now cutting down the forest just to buy coins early!", 'm3tyzt'], ['u/I__Gemin__I', 13, '2021-03-13 00:35', 'https://www.reddit.com/r/hoge/comments/m3tyzt/whales_selling_before_bkex_listing_seems_like_a/gqqvhnn/', 'Whales sometimes sell to crash the market and in hope that people panic sell and then the price comes down even more and cause they sell at a extreme high price they make crazy profit and now the market is gone so low they use all that profit and buy back in and get insane extra coins and know that the new listings are coming they make even crazier profits again, it’s a strategy in trading these sort of things', 'm3tyzt'], ['u/thomodachi', 16, '2021-03-13 00:39', 'https://www.reddit.com/r/hoge/comments/m3tyzt/whales_selling_before_bkex_listing_seems_like_a/gqqvxfx/', 'You are right man. Hoge coin is like for those people who missed out on bitcoin when it was super cheap. This is our chance, this is the 2021 of bitcoins. Lets keep buying the dips and send this mutherfacker to the mooonnn', 'm3tyzt'], ['u/OZZY_LOTD', 14, '2021-03-13 02:42', 'https://www.reddit.com/r/hoge/comments/m3tyzt/whales_selling_before_bkex_listing_seems_like_a/gqr8syi/', 'My friend Dave sold his hoge for 3x gain and it rocketed straight after don’t be a Dave guys HOGE it all the way to the moon', 'm3tyzt']]], ['u/njantirice', 'What this recent attack on Nano means for Nano.', 252, '2021-03-13 00:37', 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/', "So I've kept myself relatively well-informed into the general goings-on in Nano since I discovered it for myself in 2017, and the biggest impression this attack has left on me is that Nano really is the best tech in the currency sector. \n\nA lot of people are using the findings and what the attack reveals about Nano as reasons to FUD it, but for me it's the most evidence as to the actual capabilities of the network.\n\nThink about it like this:\n\nNano PROVED that the tech as-is can handle millions of transactions daily without any failure or major adverse effects, which I don't know how big the list of crypto-currencies that have proved that is but it's closer to 0 than it is to 10, and Nano is one of them.\n\nIt was only when the tps reached 1000+ (86 million transactions per day)**(figure not correct check edit)** that some nodes were experiencing issues and then were bandwidth capped. That's a huge accomplishment, I mean it's a bug that needs to be resolved, but what this means is that Colin and the team have developed a protocol that is:\n\n* decentralized - not able to be stopped or controlled by a single entity\n\n* immutable - not able to be rolled back, reversed, double spent\n\n* feeless\n\n* instant\n\nand less than a decade into its development it is robust enough to handle 86,000,000 transactions in a day, with the caveat that all nodes need to be able to handle the network bandwidth in order to not fall out of sync.\n\n\n\nIn comparison to the attacks that the cryptocurrency community has been witness to this is amazing, truly. Bitcoin was 51% attacked and the only way to stop the success of that attack was to DDoS the attacker, several, SEVERAL, prolific attacks have left cryptos repeatedly robbed of all their value, have left cryptos hard forking and rolling back whole networks and patching major security issues after millions in value had disappeared. \n\nNano has been pushing tx/day numbers that would make a bitcoin node blush with a network footprint that is offset by a single windmill, and the only failure found so far was that if nodes would lag behind when the network is getting 86 million transactions per day.\n\nOn top of that all the solutions necessary to make this attack a total failure are already being discussed and more importantly agreed upon by the stake-holders in the network. \n\nTL;DR all Nano does is win, show me the list of cryptos that can handle 4 million transactions a day for less than a buck in transaction fees with no failures, that are also decentralized, I'll wait\n\n\nEDIT: So /u/Gotigers811 let me know that the network was seeing issues at 60tps, the 1000 tps number was the number the attacker then used once nodes were desyncing. So the 86,000,000 number is very inaccurate the nodes that desynced did so at ~60tps or a little over 5 million transactions per day.", 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/', 'm3u7bi', [['u/EatVegetablesNow', 19, '2021-03-13 00:51', 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/gqqx8sq/', 'Thanks for this insight. I’m so Nanofied. ⚡️⚡️⚡️', 'm3u7bi'], ['u/baisisjsjwbah', 77, '2021-03-13 00:53', 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/gqqxfiq/', 'I was into XMR and it was attacked, after a while I invested in NANO and it is attacked, WTF am I cursed?', 'm3u7bi'], ['u/NanoOverBitcoin', 83, '2021-03-13 01:00', 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/gqqy56d/', 'Invest in Doge please 😆', 'm3u7bi'], ['u/gr0vity', 19, '2021-03-13 01:39', 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/gqr2be2/', 'Sometimes. But still centralized', 'm3u7bi'], ['u/drhodl', 21, '2021-03-13 02:01', 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/gqr4ieq/', "I think someone was stress testing the network. I'd say it passed the rest!", 'm3u7bi'], ['u/Gotigers811', 33, '2021-03-13 02:23', 'https://www.reddit.com/r/nanocurrency/comments/m3u7bi/what_this_recent_attack_on_nano_means_for_nano/gqr6tdl/', '>It was only when the tps reached 1000+ (86 millio...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rallied by 6.82% on Saturday. Reversing a 1.00% loss from Friday, Bitcoin ended the day at $61,202.9. A mixed start to the day saw Bitcoin fall to an early morning intraday low $56,130.0 before making a move. Steering clear of the first major support level at $55,600, Bitcoin surged to a late intraday high and a new swing hi $61,693.0. Bitcoin broke through the first major resistance level at $58,576 and the second major resistance level at $59,856. Coming up short of $62,000, Bitcoin eased back to sub-$61,000 before ending the day at $61,200 levels. The near-term bullish trend remained intact supported by Saturday’s new swing hi $61,693.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,039 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot fell by 3.44% to buck the trend early on. It was a bullish day for the rest of the majors, however. Bitcoin Cash SV surged by 16.62% to lead the way, with, Ethereum rallying by 8.76%. It was a bearish day for the rest of the majors. Binance Coin (+4.87%), Cardano’s ADA (+6.44%) and Chainlink (+4.85%), and Ripple’s XRP (+4.52%) also found strong support. Crypto.com Coin (+0.45%) and Litecoin (+2.38%) trailed the front runners on the day. In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Saturday high $1,860bn. At the time of writing, the total market cap stood at $1,818bn. Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Friday high 63.23%. At the time of writing, Bitcoin’s dominance stood at 62.85%. This Morning At the time of writing, Bitcoin was up by 0.06% to $61,237.0. A mixed start to the day saw Bitcoin fall to an early morning low $60,963.0 before rising to a high $61,339.9. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA was down by 0.18% to buck the trend early on. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 2.68% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $59,675 to bring the first major resistance level at $63,221 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s new swing hi $61,693.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $65,000. The second major resistance level sits at $65,238. Failure to avoid a fall through the $59,675 pivot would bring the first major support level at $57,658 into play. Barring an extended sell-off on the day, Bitcoin should steer clear sub-$57,000 levels. The second major support level sits at $54,112. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead – Economic Data, the BoE, and the FED in Focus Crude Oil Price Update – Rally Extends Over $66.00, Could Weaken Under $65.45 USD/JPY Forex Technical Analysis – Appears to be Poised to Take Out 109.233 with 109.849 Next Upside Target U.S Mortgage Rates Rise for a 4th Consecutive Week EUR/USD Mid-Session Technical Analysis for March 12, 2021 U.S. Dollar Index (DX) Futures Technical Analysis – Main Trend Up, But Momentum Trending Down', 'Bitcoin , BTC to USD, rallied by 6.82% on Saturday. Reversing a 1.00% loss from Friday, Bitcoin ended the day at $61,202.9. A mixed start to the day saw Bitcoin fall to an early morning intraday low $56,130.0 before making a move. Steering clear of the first major support level at $55,600, Bitcoin surged to a late intraday high and a new swing hi $61,693.0. Bitcoin broke through the first major resistance level at $58,576 and the second major resistance level at $59,856. Coming up short of $62,000, Bitcoin eased back to sub-$61,000 before ending the day at $61,200 levels. The near-term bullish trend remained intact supported by Saturday’s new swing hi $61,693.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,039 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot fell by 3.44% to buck the trend early on. It was a bullish day for the rest of the majors, however. Bitcoin Cash SV surged by 16.62% to lead the way, with, Ethereum rallying by 8.76%. It was a bearish day for the rest of the majors. Binance Coin (+4.87%), Cardano’s ADA (+6.44%) and Chainlink (+4.85%), and Ripple’s XRP (+4.52%) also found strong support. Crypto.com Coin (+0.45%) and Litecoin (+2.38%) trailed the front runners on the day. In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Saturday high $1,860bn. At the time of writing, the total market cap stood at $1,818bn. Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Friday high 63.23%. At the time of writing, Bitcoin’s dominance stood at 62.85%. This Morning At the time of writing, Bitcoin was up by 0.06% to $61,237.0. A mixed start to the day saw Bitcoin fall to an early morning low $60,963.0 before rising to a high $61,339.9. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA was down by 0.18% to buck the trend early on. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 2.68% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $59,675 to bring the first major resistance level at $63,221 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s new swing hi $61,693.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $65,000. The second major resistance level sits at $65,238. Failure to avoid a fall through the $59,675 pivot would bring the first major support level at $57,658 into play. Barring an extended sell-off on the day, Bitcoin should steer clear sub-$57,000 levels. The second major support level sits at $54,112. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead – Economic Data, the BoE, and the FED in Focus Crude Oil Price Update – Rally Extends Over $66.00, Could Weaken Under $65.45 USD/JPY Forex Technical Analysis – Appears to be Poised to Take Out 109.233 with 109.849 Next Upside Target U.S Mortgage Rates Rise for a 4th Consecutive Week EUR/USD Mid-Session Technical Analysis for March 12, 2021 U.S. Dollar Index (DX) Futures Technical Analysis – Main Trend Up, But Momentum Trending Down', "(Reuters) - Bitcoin, the world's biggest and best-known cryptocurrency, rose 6.64% to $61,073.71 on Saturday, adding $3,802.67 to its previous close. Bitcoin is up 120.2% from the year's low of $27,734 on Jan. 4. (Reporting by Aakriti Bhalla in Bengaluru; Editing by Richard Chang)", "(Reuters) - Bitcoin, the world's biggest and best-known cryptocurrency, rose 6.64% to $61,073.71 on Saturday, adding $3,802.67 to its previous close. Bitcoin is up 120.2% from the year's low of $27,734 on Jan. 4. (Reporting by Aakriti Bhalla in Bengaluru; Editing by Richard Chang)", "(Reuters) - Bitcoin, the world's biggest and best-known cryptocurrency, rose 6.64% to $61,073.71 on Saturday, adding $3,802.67 to its previous close. Bitcoin is up 120.2% from the year's low of $27,734 on Jan. 4. (Reporting by Aakriti Bhalla in Bengaluru; Editing by Richard Chang)", 'Focus will shift to the UK and the US in the coming days, as central banks in both jurisdictions will be under pressure when it comes to inflation and interest rates.\nRate-setters from the Federal Reserve (Fed) and the Bank of England (BoE) are due to meet to decided on policy on Wednesday and Thursday respectively.\nWhile neither banks are expected to announce big policy changes, recent comments from policymakers, including BoE\'s Andy Haldane, will weigh on guidance regarding how to navigate the recent rise in government bond yields.\nAlso key during the week will be a host of economic indicators referencing February, starting with China\'s retail sales out on Monday, monthly US production and retail sales on Tuesday, ZEW economic sentiment index and French inflation data also on Tuesday.\nClosing out the week, will be UK public sector net borrowing figures on the slate for Friday.\nDevelopments over the weekend that may interest investors:\n• Bitcoin soars to fresh record high of $60,000\n• Richard Branson\'s Virgin Atlantic close to \'finalising\' £160m bailout\n• BA considers using large jets for UK\'s post-lockdown holiday boom\nWATCH: What is bitcoin?\nUK\'s central bank is expected to keep its constructive forecast in place, as the vaccination programme picks up steam, with the pace poised to double in the coming weeks as more age groups get inoculated. This supports a positive economic outlook, especially after the UK slowly exits lockdown.\nExperts at ING said that they "don’t expect" the BoE to "lean against the rising bond yields" next week.\n"But with the market already pricing a close to one hike for 2022 and another one for 2023, the cautiously upbeat BoE message next week might be a modest positive for GBP, yet not a catalyst for some profound GBP gains."\nBut, the rising 10 gilt yields could be an area BoE pays attention to, especially considering the amounts of money the UK government is borrowing to fund its coronavirus response.\nFriday, will see another important event on the economic calendar with public borrowing data for February in the spotlight.\nRightmove\'s (RMV.L) House Price Index is also due on Monday.\nKey company results:\n• Ferguson (FERG.L) — half-year (Tuesday)\n• Greggs (GRG.L), Just Group (JUST.L)— fi
**Last 60 Days of Bitcoin's Closing Prices:**
[37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-14
**Financial & Commodity Data:**
- Gold Closing Price: $1719.50
- Crude Oil Closing Price: $65.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,130,696,154,259
- Hash Rate: 167393348.28317663
- Transaction Count: 308050.0
- Unique Addresses: 736008.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin andetherpurchases by companies in Scandinavia and Hong Kong are fueling speculation a wave of non-U.S. corporate treasurers might followMicroStrategy, Tesla and Square into buying cryptocurrencies, according to a new report by the Norwegian analysis firmArcane Research.
Hong Kong-listed Meitu, a maker of photo-retouching software,saidit bought 15,000 ETH and 379BTCin open-market transactions last week. Arcane figures the company paid an average $47,230, well below the current market level of around $57,000.
In addition, on MondayAker, a Norwegian energy engineering company, added 1,170 BTC to its balance sheet, paying approximately $58 million, at an average price of around $49,600.
Related:Crypto Investment Firm CoinShares Begins Trading on Nasdaq Nordic
According to Arcane, the new corporate buyers appear intent on keeping the cryptocurrencies for the long term “and see further upside potential in bitcoin.” MicroStrategy, led by CEO Michael Saylor and based in Virginia, holds about 91,064 BTC purchased over the past three months, now worth about $5 billion. Meanwhile the U.S. electric-vehicle maker Tesla, headed by billionaire Elon Musk, bought about $1.5 billion worth of bitcoin in February..
“The first wave, initiated by MicroStrategy, started in the U.S., but now the trend shows signs of turning global,” Arcane wrote.
With bitcoin firmly in a bull run, quadrupling in price last year and nearly doubling in price already in 2021, the sooner a company got into the market, the better a price it got – as illustrated by Arcane’s chart below.
• Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend
• Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend
• Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend...
- Reddit Posts (Sample): [['u/CINEDIGM_', 'Ppl say BTC needs electricity must forget that for their debit cards to work needs electricity too lmao !', 49, '2021-03-14 00:00', 'https://www.reddit.com/r/Bitcoin/comments/m4hspw/ppl_say_btc_needs_electricity_must_forget_that/', 'Ha ha ha', 'https://www.reddit.com/r/Bitcoin/comments/m4hspw/ppl_say_btc_needs_electricity_must_forget_that/', 'm4hspw', [['u/unfuckingstoppable', 18, '2021-03-14 00:10', 'https://www.reddit.com/r/Bitcoin/comments/m4hspw/ppl_say_btc_needs_electricity_must_forget_that/gqug05r/', 'they forget about the mountain of dead bodies required to support the dollar as well', 'm4hspw']]], ['u/FernelizC', "It's surreal what's happening with bitcoin....", 180, '2021-03-14 00:07', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/', "I just wanted to say to my past self, thanks for believing in this and to my future self to stay humble\n\nI live in a third world country and Bitcoin have changed my life and I'm grateful for it.\n\nWe are going to mars not even the moon anymore, to fucking MARS HODL IT!!!!!!", 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/', 'm4hxai', [['u/pfrtlpfmpf', 35, '2021-03-14 00:15', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/gqugl15/', 'It´s surreal what´s happening with FIAT-money.', 'm4hxai'], ['u/DudeIncogneto', 59, '2021-03-14 00:20', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/gquh29y/', 'It is really nice to have a currency that appreciates in value instead of loses value. It rewards those who want to save', 'm4hxai'], ['u/TheHubbleGuy', 14, '2021-03-14 00:21', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/gquh5w9/', 'one day my 5% of a bitcoin will\nmake me rich right?', 'm4hxai'], ['u/tilac', 30, '2021-03-14 00:37', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/gquivnn/', 'I\'d like to say to my past self, "Holy shit, it took you 47 years but you finally did something right!"', 'm4hxai'], ['u/davotoula', 17, '2021-03-14 01:21', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/gqundig/', 'Look at the past bull runs.\n\nPercentage wise we are not done yet.', 'm4hxai'], ['u/Hospitaliter', 11, '2021-03-14 01:33', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/gquonxv/', "You'll be glad you have it. Keep stacking those sats.", 'm4hxai'], ['u/brick9876', 12, '2021-03-14 03:12', 'https://www.reddit.com/r/Bitcoin/comments/m4hxai/its_surreal_whats_happening_with_bitcoin/gquymf1/', "Yup, but at the same time we're in for one massive crash at the end of this run.", 'm4hxai']]], ['u/omfgeometry', 'Anyone else hoping to use future earning from crypto to finally get into the property game like me?', 584, '2021-03-14 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/', 'Times are hard and I was hoping to get onto the property ladder at some point but with my and my partners earning it would probably not be enough. My dream is to one day use my early investment into Bitcoin to maybe get even enough for a deposit.', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/', 'm4i273', [['u/AethersaurusRex', 348, '2021-03-14 00:29', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqui1ev/', 'If by property you mean a small country then yes me too.', 'm4i273'], ['u/e1icz', 39, '2021-03-14 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqui4i1/', 'Sometimes I feel like these bastards (i.e., properties) keep rising faster than crypto', 'm4i273'], ['u/jmccormick9', 50, '2021-03-14 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquirdc/', 'I fully intend to use my Crypto profits to purchase property to start my own business. I fully believe Crypto is the future, but I would like to purchase tangible things with some of the money I make along the way!', 'm4i273'], ['u/One_Bathroom2974', 86, '2021-03-14 00:41', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquj9b5/', 'or private island.', 'm4i273'], ['u/Dwaas_Bjaas', 45, '2021-03-14 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquk8w7/', 'How about a actual moon (with moon base)', 'm4i273'], ['u/C5A-', 39, '2021-03-14 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqukjqz/', 'Yes... yes I am actually about to buy my first house 350k-500k budget.... only 22! Thanks crypto!', 'm4i273'], ['u/Nickel62', 69, '2021-03-14 01:24', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqunn9l/', 'Some peace and quite to check my portfolio every 15 mins. I can picture myself doing that.', 'm4i273'], ['u/Nickel62', 23, '2021-03-14 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqunsc8/', 'The goal should be to use crypto to make you and your family happy. Good on you buddy.', 'm4i273'], ['u/Findjin', 10, '2021-03-14 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquntxc/', 'Yeah that’s my crypto dream really. I don’t need to be a millionaire, but I’d like to own a home someday and I believe crypto can play a part in that. I’ve never been much of a saver until recently, working on the long term delayed gratification picture now and crypto is a good (and potentially lucrative) lesson in that', 'm4i273'], ['u/DDelphinus', 26, '2021-03-14 01:34', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquoqie/', 'I just need another X10 increase. Writing it out loud brings back memories to 2017 when I said the same. \n\nMaybe this time.', 'm4i273'], ['u/Snoutysensations', 15, '2021-03-14 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquqmc1/', "I did something like that. Have 3 acres of land. It's endless very repetitive work... far from civilization, entertainment and potential romantic partners. The last bit is the toughest. The dating scene in the wilderness can be challenging.", 'm4i273'], ['u/giraffe_life', 27, '2021-03-14 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqut4xs/', 'In 2016 i invested 2k in bitcoin, etherium, and litecoin. The 2017 bull run turned it into about 11k...not a crazy amount of money, but enough to put a 3.5% deposit down on a house. The housing market went crazy in FL (and i sunk about 30k over 3 years) and the house increased 100k in value!! All while collecting money from renters (45k over 3 years). That 2k investment really snowballed. Now there is another bull run, and thankfully its putting me in another position to invest in another house. Same situation, decent money...no lambos tho lol, but putting me in a position to get another house, with more renters.', 'm4i273'], ['u/AnUncreativeName10', 16, '2021-03-14 02:40', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquvibc/', 'Nice try officer...', 'm4i273'], ['u/siberian', 29, '2021-03-14 03:05', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gquxywe/', 'We are buying a vacation house this summer with crypto.\n\nIt’s real.', 'm4i273'], ['u/mauinion', 21, '2021-03-14 03:35', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqv0xyk/', '4 years ago I cashed out and started a business. Have been growing the business ever since, and grabbing a few coins in the lows. The business is now worth a couple mill.\n\nThis bull run has me in escrow on a piece of land 5 acres on a ridge with a killer view. Will buy it in cash. \n\nAfter that I will wait until lows again and accumulate, then in 4 more years I will build my dream house in cash.\n\nThen I will just accumulate, sell the business and retire. \n\nThanks crypto!', 'm4i273'], ['u/MrNobody8080', 25, '2021-03-14 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqv1h20/', 'To own a house as a millennial it has become a wild fucking dream....', 'm4i273'], ['u/Onetapfapnap', 16, '2021-03-14 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqv268u/', 'Its all about cycling down from higher risk assets to lower risk assets; crypto is one of the riskiest so if you take your profits here and put them in stocks/real estate/even cash you are on the way to financial independence.', 'm4i273'], ['u/Nuevacuenta1', 10, '2021-03-14 04:05', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqv3wad/', 'Lmfao only people who are balls deep in crypto can laugh at this like i did.', 'm4i273'], ['u/Nuevacuenta1', 19, '2021-03-14 04:07', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqv435f/', 'I got into this old as fuck. Hopefully i still see some gains that will be worth the risk.', 'm4i273'], ['u/diamondhands_dev', 25, '2021-03-14 04:08', 'https://www.reddit.com/r/CryptoCurrency/comments/m4i273/anyone_else_hoping_to_use_future_earning_from/gqv47k5/', 'I plan to retire in the panhandle with my beautiful girlfriend and live off the coast and just enjoy my days ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['This article was originally published on ETFTrends.com. By Paul Wong , CFA, Market Strategist, Sprott Gold bullion[1] is down 8.66% YTD through February 28, 2020, but is up 9.36% YOY. Gold mining equities[3] have fallen 16.78% YTD but have increased 11.37% YOY. Silver[2] and platinum[19] are the precious metals standouts for the recent period, up 1.01% and 11.28% YTD, and 60.02% and 37.71% YOY, respectively. This compares to 1.72% YTD and 31.29% YOY returns for the S&P 500 TR Index.[6] Month of February 2021 Indicator 2/28/2021 1/31/2021 Change Mo % Chg YTD % Chg Analysis Gold Bullion[1] $1,734.04 $1,847.65 ($113.61) (6.15)% (8.66)% The worst month since 2016 as real rates rise Silver Bullion[2] $26.67 $26.99 ($0.32) (1.18)% 1.01% Silver continuing to hold firm Gold Senior Equities (SOLGMCFT Index)[3] 113.05 128.61 (15.56) (12.10)% (16.78)% Gold equities back to summer breakout Gold Equities (GDX)[4] $31.13 $34.51 ($3.38) (9.79)% (13.58)% (Same as above) DXY US Dollar Index[5] 90.88 90.58 0.30 0.33% 1.05% Still near the lows S&P 500 Index[6] 3,811.15 3,714.24 96.90 2.61% 1.47% Back to 50 daily moving average U.S. Treasury Index $2,488.92 $2,534.92 ($46.00) (1.81)% (2.75)% Bond source of risk and volatility U.S. Treasury 10 YR Yield 1.40% 1.07% 0.34 31.85% 53.84% Sharp sell-off, touching 1.60% U.S. Treasury 10 YR Real Yield (0.75)% (1.04)% 0.29 28.11% 31.68% Back up driven by nominal yields Silver ETFs (Total Known Holdings ETSITOTL Index Bloomberg) 964.38 939.62 24.76 2.64% 8.65% Silver maintaining accumulation Gold ETFs (Total Known Holdings ETFGTOTL Index Bloomberg) 104.18 106.85 (2.67) (2.50)% (2.41)% Four outflow months in a roll Gold Blues as Silver Woos February was a tough month for gold, which marked its worst monthly performance since November 2016. Spot gold fell $114/oz, or 6.15%, to close the month at $1,734/oz. Half of this decline came in the two final days of February, as bond selling spiked into near panic mode and triggered a multi-asset sell-off into month-end. Figure 1 shows how gold has been inversely correlated to bond yields. Story continues February\'s pullback occurred on the back of various developments. Rising energy prices and the markets’ view on U.S. government spending bolstered the reflation trade with a rally in broader equity markets. The U.S. dollar strengthened as markets priced in a swift economic recovery and as U.S. Treasury yields advanced to the highest level in a year, with the 30-year bond rising above 2% and the rapid move in the 10-year to over 1.5%, which we will discuss in more detail. Meanwhile, gold ETFs saw holdings decline towards the end of February. Silver prices held up much better as markets sought out physical ownership and recognized silver’s undervalued economic merits. Gold stocks were drawn down in a volatile fashion with the gold price move. Precious metal equities followed physical metals’ performance, with silver related stocks outperforming gold stocks. February Ends with a Full Blown Tantrum For the past several years, Federal Reserve (Fed) policies have driven yields continually lower, and as a result, most asset classes now have embedded duration effects. For gold, this duration effect is in the real yield. The sudden backup in real interest rates was shockingly quick ― nearly 40 basis points in six trading sessions. The rise in real yields was driven almost exclusively by the rise in nominal rates on the back of term premiums (expectations) backing up. There is just no escaping the pervasive effects and consequences of central bank policies in any asset class. Since August 2020, the U.S. 10-year Treasury nominal yield has been rising, which the Fed has viewed as benign and as a sign of better growth, as rising breakeven yields led it.[7] Just in case, the Fed would reiterate that it was not even thinking about raising rates, and with its new AIT (average inflation targeting) policy, that it would be a long time before the Fed would raise interest rates even in the face of rising inflation. But once 10-year U.S. Treasury yields rose above 1.20%, the bond market began to sell-off and closed out February with a full-blown "taper tantrum."[8] Figure 1. Gold\'s Decline Tracks Rise in 10-Year U.S. Treasury Yields Source: Bloomberg. Data as of 3/1/2021. Gold is measured by the Bloomberg GOLDS Comdty Index. 10-Year Treasuries are measured by the Bloomberg USGG10YR Index. The Reflation Narrative Continues to Grow Since early January, the reflation narrative has continued to build, igniting a growing bear steepener trade (investors demanding higher yields in longer-dated bonds to offset the risk of growth and inflation). By the last week of February, tail hedgers had switched from bear steepeners to bear flatteners (yields rising in the curve\'s middle or belly). Also, new short positions were established in three-year Eurodollar futures ( greens ).[9] These two trades signaled that the Fed would need to tighten (raise rates) way ahead of its stated schedule. Furthermore, this tightening would be by way of tapering QE (quantitative easing), which would impact the belly of the U.S. Treasury curve the most (the bear flattener trade). When CTAs[10] flipped to bearish (mechanical selling), this compounded the selling pressure. The final catalyst was the failure of last Thursday\'s (February 25) 7-year U.S. Treasury note auction. Investors showed tepid demand for the $62 billion worth of notes, with the bid-to-cover ratio at just 2.04, the lowest in the auction\'s history. In response, the U.S. 10-year Treasury yield exploded higher to reach 1.6085% but reversed sharply to close at 1.40% for the month, likely a climactic selling spike. Gold was not spared by February\'s correction, but long-term trends remain in place for our bullish gold view. Not lost on the market was that three-year Treasury yields rose the most last Thursday (2/25/2021) , climbing nine basis points. Fed policy should have kept this part of the yield curve nailed to the floor, and the Fed\'s failure to do so brought into question its creditability. Not helping was the Fed\'s silence into the month-end taper tantrum selling panic. If the bond market remains unstable in the near term, we would expect some Fed jawboning. If that were not enough, then the next step would be WAM (weighted average maturity) extension and possibly a change in QE composition. Currently, the Fed is buying $80 billion in Treasuries and $40 billion in mortgage-backed securities each month. The Fed can shift towards more Treasury purchases. The Fed can also bring up the YCC (yield curve control) debate again and wave that at the market. But the bigger question is: Have we reached the point where U.S. 10-year Treasury yields at only 1.50% and 10-year real yields at -0.75% are a threat to the bond market\'s stability? Or is instability due to rates moving too fast, too quickly? Looking at the flipside extreme, what would happen if the Fed decides (or were forced) to increase WAM, QE and bring in some form of YCC? This would likely mean unlimited liquidity for equities, low yields across the curve to finance all fiscal programs and corporate bond spreads would narrow even more. It would also be the last nail in the coffin for price discovery. Markets would soar until the weight of unsustainability causes a systematic market crash that wipes out the majority of wealth — this is one of the extreme right-tail risk events we highlighted in our November commentary, Gold Tests $1,800 Support . Bullish View on Gold Remains Intact Although we are disappointed by gold\'s recent price weakness, we recognize that market flows, positioning and momentum can dominate price action in the near term in today\'s market environment. The last week of February was an uncomfortable replay of the 2013 Taper Tantrum in a condensed form. Two scenarios are likely going forward. One is that the Fed will taper, and yields will rise. The second is that the Fed stays the course. The Fed taper scenario is a total non-starter. Here\'s why. If the Fed were to truly taper, real yields would rise dramatically. Figure 2 highlights the relationship between the S&P 500 forward P/E multiples[11] and the 10-year real yield over the past five years (the R-squared is 73%). 12 Not only would P/E multiples collapse, but earnings expectations would see headwinds as higher yields bite into the earnings outlook. Rising real yields would strengthen the U.S. dollar (USD), further tightening financial conditions. In this scenario, the stock market would likely enter a bear market given current dot-com-level valuations. Without the current high QE level, further fiscal expansion programs would come to a halt, and GDP (gross domestic product) growth expectations would hit the wall. Under this taper outlook (basically, the Fed no longer providing full support), one would reduce exposure in equities, bonds, commodities, gold and everything else. The corollary argument is that growth is now so strong and established (despite being in the early stages of the post-COVID recovery) and is now impervious to any taper action. This would go against the entire notion and purpose of AIT (average inflation targeting). Despite the recent tantrum, the Fed fully controls the world\'s reserve currency\'s printing press (USD). The Fed is the boot , and bond vigilantes remain the ant (remember The Avengers from 2012?). All tantrums will come to an end, including this one. Figure 2. S&P 500 Forward P/E Multiples and 10-Year Real Yield Relationship Source: Bloomberg. Data as of 2/28/2021. Rising Volatility Benefits Gold By staying the course, the market\'s significant risk would be inflation, which is what the Fed is trying to engineer, and why the bond market is in a tantrum. It is not surprising that the bond market reacted in this manner; it is now the primary source of market risk and volatility. Staying the course will mean continuing massive fiscal stimulus leading to ever-expanding
**Last 60 Days of Bitcoin's Closing Prices:**
[39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-15
**Financial & Commodity Data:**
- Gold Closing Price: $1728.90
- Crude Oil Closing Price: $65.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,083,351,013,281
- Hash Rate: 157797551.24783528
- Transaction Count: 292231.0
- Unique Addresses: 782966.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Tesla invested $1.5 billion in bitcoin in January in a nontraditional move to diversify its investments.
The investment, which the electric vehicle maker disclosed Monday in a public filing, comes as CEO Elon Musk has been promoting an alternative cryptocurrency in recent weeks.
Tesla said in its annual report that the company made the move as part of a policy change designed "to provide us with more flexibility to further diversify and maximize returns on our cash."
It is not typical for major corporations to acquire digital currency due to questions about its dependability and concerns about its volatility.
The new policy authorized by the Tesla board allows the company to invest in various forms of digital assets.
It was not immediately clear how much the company's bitcoin is worth today. The cryptocurrency traded in the range of about $30,000 to $40,000 in January. It was trading around $41,600 on Monday morning.
Tesla shares jumped 2.5% in pre-market trading to $873.88.
Is Apple making a car?:If it does, here are 5 things you could see
Worried about retirement?:Here are 4 surprising sources of income.
Bitcoin is a digital currency that is not guaranteed by a bank or government. Investors can "mine" them by devoting computing power to authenticating other bitcoin transactions, or they can be bought and sold on exchanges using real money.
Tesla also said in its public filing that it would soon begin accepting bitcoin as a form of payment for its products.
The company warned investors that the value of its digital assets could fluctuate wildly.
"The prevalence of such assets is a relatively recent trend, and their long-term adoption by investors, consumers and businesses is unpredictable," Tesla said. "Moreover, their lack of a physical form, their reliance on technology for their creation, existence and transactional validation and their decentralization may subject their integrity to the threat of malicious attacks and technological obsolescence."
Musk himself appears to have recognized the risk of holding cryptocurrencies in the past. On Dec. 20,he tweeted, "Bitcoin is almost as bs as fiat money."
Lately, he has been promoting bitcoin alternative Dogecoin on Twitter.
"While many on the Street have discussed the prospects of this move for Tesla, this morning's news formalizes the strategy of Musk and Tesla diving into the deep end of the pool of bitcoin and crypto," Wedbush Securities analyst Dan Ives said in a research note.
Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.
This article originally appeared on USA TODAY:Tesla bitcoin buy: Tesla invests $1.5B in bitcoin cryptocurrency...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The rotation trade is all the rage. And [hotlink]Bank of America[/hotlink] certainly isn’t missing out. Coming off a huge year for tech and growth stocks in 2020, the bank is now looking at stocks that are poised to benefit as the world gets back to normal and inflation starts to pick up once more. Indeed, some market prognosticators are expecting rates (and the 10-year Treasury yield) to rise higher—and faster—than some on the Street expect . “If we go to 2% [10-year yield] by May, you’re going to see growth go through another bout of real pain, and you’re going to see further acceleration into this value trade,” Morgan Stanley’s senior portfolio manager Andrew Slimmon recently told Fortune. “I think the rotation will continue.” Whether or not rates get to that level in two months, strategists at Bank of America argue that inflation is coming, as they wrote in a Monday report. The BofA strategists suggest that the market is now “mid-cycle” where inflation is typically stronger (see BofA’s chart). “In this phase,” the strategists wrote, “small caps and value have typically outperformed large caps and growth—further supported by the profits recovery and economic rebound we expect this year.” BofA’s reasoning is based not only on rising inflation expectations but also the current political regime. “After years of low inflation and oligopolistic trends within the equity market in which larger companies have continued to take share (contributing to peak income and wealth inequality and suppressing wages in recent decades), this could finally be reversing given pro–small-business sentiment and a focus on social/income equality by the Biden administration, along with potential regulation and anti-monopolistic sentiment in areas like Big Tech,” the strategists wrote. Though small-caps have done well lately (The Russell 2000 is up 19% so far this year), they are still about 10% cheaper than large-caps based on forward price-to-earnings, BofA wrote. And within small-caps, areas like energy and materials are still trading inexpensively based on historical levels. Story continues 7 stocks for the next phase BofA strategists outlined a group of stocks that “appear poised to benefit from both the recovery (exposed to reopening/services spend or capex) and reflation (inflation beneficiary with pricing power or margin drivers), and where valuation isn’t stretched.” Here are seven of the bank’s picks. BofA analysts like Comcast , as it should benefit from a return to theme parks and production of shows and films; Disney , with pent-up demand for its theme parks and exposure to the reopening of theaters; Marriott , which should benefit from inflation “as higher room rates and revenues pass through to the company’s fee-based model,” per the BofA analyst; Hess , a preferred oil and gas player to the bank; Principal Financial , which, as a life insurer, is “generally positively correlated to inflation,” the analysts note; Emerson Electric , which should be a “key” beneficiary of a rebound in oil prices; and Broadcom , as it’s poised to benefit from the reopening of enterprise spending and the continued rollout of 5G. More must-read finance coverage from Fortune : Bitcoin? Food? Debt? How most Americans actually plan to spend their stimulus checks Companies face calls to bring “dark money” political spending into the light Your stimulus check could disappear before you ever see it , thanks to debt collectors After its IPO, Coupang eyes South Korea domination Everything the new stimulus package includes for college students , from emergency aid to tax-free loan forgiveness This story was originally featured on Fortune.com', 'Therotation tradeis all the rage.\nAnd [hotlink]Bank of America[/hotlink] certainly isn’t missing out. Coming off a huge year for tech and growth stocks in 2020, the bank is now looking at stocks that are poised to benefit as the world gets back to normal and inflation starts to pick up once more.\nIndeed, some market prognosticators are expecting rates (and the 10-year Treasury yield)to rise higher—and faster—than some on the Street expect. “If we go to 2% [10-year yield] by May, you’re going to see growth go through another bout of real pain, and you’re going to see further acceleration into this value trade,” Morgan Stanley’s senior portfolio manager Andrew Slimmon recently toldFortune.“I think the rotation will continue.”\nWhether or not rates get to that level in two months, strategists at Bank of America argue that inflation is coming, as they wrote in a Monday report.\nThe BofA strategists suggest that the market is now “mid-cycle” where inflation is typically stronger (see BofA’s chart). “In this phase,” the strategists wrote, “small caps and value have typically outperformed large caps and growth—further supported by the profits recovery and economic rebound we expect this year.”\nBofA’s reasoning is based not only on rising inflation expectations but also the current political regime. “After years of low inflation and oligopolistic trends within the equity market in which larger companies have continued to take share (contributing to peak income and wealth inequality and suppressing wages in recent decades), this could finally be reversing given pro–small-business sentiment and a focus on social/income equality by the Biden administration, along with potential regulation and anti-monopolistic sentiment in areas like Big Tech,” the strategists wrote.\nThough small-caps have done well lately (The Russell 2000 is up 19% so far this year), they are still about 10% cheaper than large-caps based on forward price-to-earnings, BofA wrote. And within small-caps, areas like energy and materials are still trading inexpensively based on historical levels.\nBofA strategists outlined a group of stocks that “appear poised to benefit from both the recovery (exposed to reopening/services spend or capex) and reflation (inflation beneficiary with pricing power or margin drivers), and where valuation isn’t stretched.” Here are seven of the bank’s picks.\nBofA analysts likeComcast, as it should benefit from a return to theme parks and production of shows and films;Disney, with pent-up demand for its theme parks and exposure to the reopening of theaters;Marriott, which should benefit from inflation “as higher room rates and revenues pass through to the company’s fee-based model,” per the BofA analyst;Hess, a preferred oil and gas player to the bank;Principal Financial, which, as a life insurer, is “generally positively correlated to inflation,” the analysts note;Emerson Electric, which should be a “key” beneficiary of a rebound in oil prices; andBroadcom, as it’s poised to benefit from the reopening of enterprise spending and the continued rollout of 5G.\n• Bitcoin? Food? Debt? How most Americans actuallyplan to spend their stimulus checks\n• Companies face calls to bring“dark money” political spendinginto the light\n• Your stimulus checkcould disappear before you ever see it, thanks to debt collectors\n• After its IPO,Coupang eyes South Korea domination\n• Everything the new stimulus package includes for college students, from emergency aid to tax-free loan forgiveness\nThis story was originally featured onFortune.com', "Everything old is new again, and that includes investor complacency when it comes to inflation. Ian Shepherdson, chief U.S. economist for the forecasting firm Pantheon , thinks that complacency is due to the anemic pace of price increases in recent years. The same thing happened in the early 1960s \x96 just before the double-digit inflation that spilled into the 1970s, he wrote in a report Monday. Related: Performers' Dance Moves Turned Into Animated NFTs for Games and Apps That potential rise in inflation this time may be caused by the $1.9 trillion fiscal stimulus package recently signed into law by U.S. President Joe Biden as well as near-constant money printing by the Federal Reserve. \x93Our point here is that it is possible that the U.S. is now on the verge of a major shift in inflation to the upside, from a starting point almost as low \x96 and with low expectations as deeply embedded \x96 as in the mid-sixties,\x94 he wrote. The current pace of consumer price increases isn\x92t remotely troubling, at less than 2%. However, there are investors who are concerned, as evidenced by their buying bitcoin as a hedge. While not specifically mentioning bitcoin, he warned, \x93Very few of today\x92s bond portfolio managers and traders can remember the last inflation shock, but that does not make a new shock less likely.\x94 Related: Bitcoin News Roundup for March 16, 2021 Consider what happened 60 years ago, Shepherdson writes: The inflation trigger in the second half of the 1960s was the cost of the Vietnam War and President Lyndon B. Johnson\x92s \x93Great Society\x94 domestic spending, according to Shepherdson. Later, the price increases accelerated due to the oil price shocks of the first half of the 1970s as well as loose Federal Reserve monetary policy. Core consumer price inflation (CPI), which excludes food and energy, rose from 1.3% in 1965 to 3.5% in 1967, and then powered on to 6.2% in 1970 \x96 a shock to investors who failed to position for higher inflation. \x93Then it happened all over again, as core inflation rocketed to new highs, peaking at 11.7% in February 1975,\x94 Shepherdson wrote. \x93By the time of the third inflation surprise, in [1979-1980], investors were much wiser. Core inflation was even higher than in 1975, peaking at 13.3% in May 1980, and the recession was deeper.\x94 The trigger for higher inflation this time around could be the gigantic fiscal response to the COVID-19 pandemic, according to Shepherdson. While an inflation shock similar to that of the 1960s doesn\x92t happen often, one may be long overdue. \x93Investors usually expect tomorrow to look like today, so major shifts [such as inflation] are often downplayed for too long,\x94 Shepherdson wrote. \x93We can\x92t
**Last 60 Days of Bitcoin's Closing Prices:**
[36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-16
**Financial & Commodity Data:**
- Gold Closing Price: $1730.60
- Crude Oil Closing Price: $64.80
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,015,826,500,631
- Hash Rate: 158863750.91842875
- Transaction Count: 319493.0
- Unique Addresses: 822884.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.71
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Jeff Bezos is once again the richest man in the world. Thanks to the drop in Tesla Inc's (NASDAQ: TSLA ), whose stock fell 2.4% on Wednesday, the founder of Amazon Inc. (NASDAQ: AMZN ) regained his place at the top of the worlds richest people chart, according to the Bloomberg Billionaires Index. With a personal fortune of $191 billion, Bezos stands up to Elon Musk ($190 billion), who ranked number one for six weeks. Musk's rise to number one took place in early January, when Tesla's shares rose 743% over the year, with a $106 billion increase. The Other Fat Cats: Microsoft Corporation (NASDAQ: MSFT ) co-founder Bill Gates has a net worth of $137 billion, thanks to which he took the third place in the ranking, followed by LVMH Moet Hennessy Louis Vuitton SA (OTC: LVMUY ) CEO Bernard Arnault with $116 billion, and Facebook Inc. (NASDAQ: FB ) CEO Mark Zuckerberg, ranking fifth thanks to his $104 billion. Space Challenge: This is a challenge by means of equity destined to move into orbit. In fact, the two richest people also own two aerospace research companies: Blue Origin and SpaceX. On February 2nd, Bezos stepped down from his role as CEO of Amazon to pursue his other activities, and referring to Blue Origin he said: This is the most important job I am doing. See Also: Elon Musk's SpaceX Gets 60% Higher Valuation In Latest Funding Round At B: Report Blue Origin will be wrestling with Musk's Space X, which has managed to establish itself in recent years. Both are now competing on several strategic contracts within the US space missions. This article originally appeared on Financialounge.com and was translated from Italian to English. It does not represent the opinion of Benzinga and has not been edited. For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España . See more from Benzinga Click here for options trades from Benzinga From Inception To Date: How Bitcoin Touched ,000 Audi Challenges Tesla With New Electric Sedan E-Tron GT © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/DiscardedMush', 'Got stimulus, bought bitcoin', 1385, '2021-03-16 00:05', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/', "Have a decent job, didn't have any bills to pay off. Let's see in a year if it was a good investment. Please no bear market.", 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/', 'm5vhz2', [['u/xrpsuckz', 326, '2021-03-16 00:07', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2cksz/', 'Just beer market from here on out. Corona baby 🍺', 'm5vhz2'], ['u/Gorrila_Doldos', 60, '2021-03-16 00:08', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2cqw3/', 'Fucking U.K. not doing stimulus and shit', 'm5vhz2'], ['u/[deleted]', 30, '2021-03-16 00:10', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2cvn1/', 'You should be happy about that. Our country is going to shit and the future generations will pay for that.', 'm5vhz2'], ['u/ThirstyPagans', 52, '2021-03-16 00:10', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2cvw9/', 'Hodl', 'm5vhz2'], ['u/slizzler', 108, '2021-03-16 00:20', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2dugx/', 'But the decaying boomers on cnbc said you should be paying bills and buying gas with that and not Investing towards your future !!', 'm5vhz2'], ['u/[deleted]', 14, '2021-03-16 00:23', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2e3cd/', 'Boris Johnson', 'm5vhz2'], ['u/DOGEAN0N', 15, '2021-03-16 00:25', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2e8sm/', 'Now HODL', 'm5vhz2'], ['u/astockstonk', 22, '2021-03-16 00:25', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2e999/', 'You aren’t alone. \n\nNearly $40 BILLION of stimulus checks is estimated to go to bitcoin and stocks. \n\nNearly 60% of that money ($24B) is going to Bitcoin, more than any other investment. Wow.\n\nhttps://www.coindesk.com/nearly-40b-in-us-stimulus-checks-may-be-spent-on-bitcoin-and-stocks-mizuho-survey', 'm5vhz2'], ['u/UnsolvedVoid', 41, '2021-03-16 00:26', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2ecgf/', 'No stimulus but pretty good furlough (In the UK). Wonder if US citizen had a choice what they’d pick.', 'm5vhz2'], ['u/nighttrain_21', 15, '2021-03-16 00:26', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2eeeo/', "I mean you still need to pay your bills and buy gas, regardless of what you do. You're right though, the government wants you to spend it and not save it.", 'm5vhz2'], ['u/PossumHunter007', 15, '2021-03-16 00:27', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2ehxz/', 'Measure in 3 or 4 years. We may (or may not be) in a bear market 12 months out. You should have plenty of opportunity in the next cycle.', 'm5vhz2'], ['u/angrydanmarin', 24, '2021-03-16 00:34', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2f4ow/', '... Says coindesk', 'm5vhz2'], ['u/elderjedimaster', 22, '2021-03-16 00:35', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2f5gu/', "Yeah, but these $1400 checks are magically going to fix everything for now (even though that's like one months rent). If all that money went to the citizens we would be getting something like $26000 checks. THATS A FUCKING STIMULUS.", 'm5vhz2'], ['u/EdgingFauci69', 20, '2021-03-16 00:44', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2g0vz/', "With Gas being so high all the time, had to switch paint. But it's so effective.", 'm5vhz2'], ['u/UnsolvedVoid', 10, '2021-03-16 00:51', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2gltg/', 'Exactly, not gonna say anything bad about stimulus because many people really need the money.\n\nBut to be fair in UK many jobs have been saved due the furlough. And because of that they could keep buying crypto through the whole year 😉', 'm5vhz2'], ['u/astockstonk', 114, '2021-03-16 00:52', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2greg/', 'Boomers say now is the time to buy a bond at a juicy 1.6% interest rate', 'm5vhz2'], ['u/elderjedimaster', 12, '2021-03-16 01:06', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2i0dv/', 'You must really have your head crammed wayyyy up your own ass pal.....\nNot saying they are perfect but even comparing it to the previous fucking joke of an administration truly shows your incompetence.', 'm5vhz2'], ['u/bradrj', 23, '2021-03-16 01:18', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2j4eg/', 'Dumb government giving out money to people who clearly don’t need it. Future generations going to pay for it.\nBTC was the right call for you obviously.', 'm5vhz2'], ['u/ViennaBTC', 29, '2021-03-16 01:28', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2k4ri/', "yeaayy with something at 5-8% Inflation and maybe even negative interests on your savings...did you get a wage raise of 5-8% every year? no?\n\noh and don't forget, if you overcharge your account, you pay like 8 to 12% in interest to the bank.\n\nDid I mention, renting your flat is going to cost 3-5% more every year - while the landlords building gains worth like 5-8% every year because of more people coming to your city/town? ...hmmmm", 'm5vhz2'], ['u/thatrysofly', 26, '2021-03-16 01:40', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2li7h/', 'They especially don’t want you to trade their USD for magic internet money!!', 'm5vhz2'], ['u/typhoid-jerry', 42, '2021-03-16 01:52', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2mvcn/', "I'd trade the UKs somewhat functioning healthcare system for my one time stimulus check. Interested?", 'm5vhz2'], ['u/Finbudz', 10, '2021-03-16 02:08', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2opr3/', 'got to double down on all loses, never sell just horde them coins', 'm5vhz2'], ['u/kdbfg4', 15, '2021-03-16 02:26', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2qpqv/', 'Shift mindset to longer than a year and I promise you it will be. Hold for 20 years and you won’t regret it.', 'm5vhz2'], ['u/Solauras', 102, '2021-03-16 02:32', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2rh47/', 'In the entire history of BTC you could have bought at any point in time, waited 3+ years, and at *minimum* tripled your investment.', 'm5vhz2'], ['u/seanboxx', 11, '2021-03-16 02:41', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2shxy/', 'It’s a typo from the early days of bitcoin that became a meme. Just hold if you don’t get it.', 'm5vhz2'], ['u/TheWestButt', 17, '2021-03-16 03:13', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2w1o1/', 'While also not fixing any of the shit wrong with the apartment!', 'm5vhz2'], ['u/TheWestButt', 22, '2021-03-16 03:13', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2w3c4/', "Fuck you I won't do what you tell me!", 'm5vhz2'], ['u/wkw3', 32, '2021-03-16 03:21', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr2wyfy/', 'The prices are not just "too high", medical bankruptcy is the number one cause of financial ruin in the US, and people vote to keep it that way.', 'm5vhz2'], ['u/Davided40', 18, '2021-03-16 04:04', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr31ov2/', 'Bear market is when the market goes down, bull market is when it goes up', 'm5vhz2'], ['u/Precisa', 50, '2021-03-16 04:13', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr32o7b/', 'Agreed, over the last 10 years, BTC has returned yearly 230% on average', 'm5vhz2'], ['u/LinguiniPants', 22, '2021-03-16 04:29', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr34b5v/', 'Corona is so last year', 'm5vhz2'], ['u/greggioia', 18, '2021-03-16 04:37', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr3528j/', "Every year.\n\nYou aren't taking into account the natural deflation caused by technological advancements. Without rampant money-printing on a whim inflating prices, our dollar would be worth more each year as new technologies and methods make it easier to make and share goods and services. We wouldn't have an ever-increasing wage gap, and our salaries would by us more each year, not less.", 'm5vhz2'], ['u/chynaparks', 12, '2021-03-16 04:41', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr35hu7/', 'thank you kind human', 'm5vhz2'], ['u/BritishBoyRZ', 13, '2021-03-16 05:17', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr38smc/', 'Yeah... The poor... You know, the ones you just dismissed', 'm5vhz2'], ['u/wkw3', 17, '2021-03-16 05:20', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr393kv/', "How nice for a sliver of society. Just be a Google engineer and pocket that extra $100k. Great solution. At least I don't have to worry about them.", 'm5vhz2'], ['u/Unfiltered_America', 10, '2021-03-16 05:24', 'https://www.reddit.com/r/Bitcoin/comments/m5vhz2/got_stimulus_bought_bitcoin/gr39ftk/', 'Medical care was expensive before obamacare. Ambulance rides and emergency room visits were still thousands of dollars. Medical bankruptcies were just as rampant. For profit health is the problem, but hey, blame the brown guy.', 'm5vhz2'], ['u/Just_Me_91', 17, '2021-03-16 05:35', 'https://www.reddit.com/r/Bitcoin/comment...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 2.24% on Tuesday. Partially reversing a 5.62% slide from Monday, Bitcoin ended the day at $56,924.0. A bearish start to the day saw Bitcoin fall to an early morning intraday low $53,346.0 before making a move. Steering clear of the first major support level at $53,311, Bitcoin rose to a late intraday high $56,925.0. In spite of the late rally, Bitcoin fell well short of the first major resistance level at $59,320. The near-term bullish trend remained intact supported by Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Tuesday. Cardano’s ADA surged by 21.26% to lead the way. Bitcoin Cash SV (+5.88%), Crypto.com Coin (+10.06%), and Ripple’s XRP (+5.48%) also made solid gains. Binance Coin (+1.65%), Chainlink (+1.69%), Ethereum (+0.67%), Litecoin (+0.49%), and Polkadot (+0.81%) trailed the front runners, however. Early in the week, the crypto total market rose to a Monday high $1,828bn before falling to a Tuesday low $1,593bn. At the time of writing, the total market cap stood at $1,704bn. Bitcoin’s dominance rose to a Monday high 63.02% before falling to a Tuesday low 60.84%. At the time of writing, Bitcoin’s dominance stood at 61.89%. This Morning At the time of writing, Bitcoin was down by 0.70% to $56,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,144.0 before falling to a low $56,380.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Polkadot and Ripple’s XRP were up by 0.31% and by 0.14% to buck the trend early on. It was a bearish start for the rest of the pack, however. At the time of writing, Cardano’s ADA was down by 2.77% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $55,732 to bring the first major resistance level at $58,117 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $58,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000. The second major resistance level sits at $59,311. Failure to avoid a fall through the $55,732 pivot would bring the first major support level at $54,538 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$53,000 levels. The second major support level sits at $52,153. This article was originally posted on FX Empire More From FXEMPIRE: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 17th, 2021 E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Testing Retracement Zone at 13044.00 – 13243.25 European Equities: Eurozone Stats Likely to Have Muted Impact ahead of the FED… Gold Price Prediction – Prices Trade Sideways Following Weak Retail Sales Report Natural Gas Price Prediction – Prices Rebound Testing Resistance Despite Warm Weather Forecast E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Set Up for Closing Price Reversal Top', 'Bitcoin, BTC to USD, rose by 2.24% on Tuesday. Partially reversing a 5.62% slide from Monday, Bitcoin ended the day at $56,924.0.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $53,346.0 before making a move.\nSteering clear of the first major support level at $53,311, Bitcoin rose to a late intraday high $56,925.0.\nIn spite of the late rally, Bitcoin fell well short of the first major resistance level at $59,320.\nThe near-term bullish trend remained intact supported by Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish day on Tuesday.\nCardano’s ADAsurged by 21.26% to lead the way.\nBitcoin Cash SV(+5.88%),Crypto.com Coin(+10.06%), andRipple’s XRP(+5.48%) also made solid gains.\nBinance Coin(+1.65%),Chainlink(+1.69%),Ethereum(+0.67%),Litecoin(+0.49%), and Polkadot (+0.81%) trailed the front runners, however.\nEarly in the week, the crypto total market rose to a Monday high $1,828bn before falling to a Tuesday low $1,593bn. At the time of writing, the total market cap stood at $1,704bn.\nBitcoin’s dominance rose to a Monday high 63.02% before falling to a Tuesday low 60.84%. At the time of writing, Bitcoin’s dominance stood at 61.89%.\nAt the time of writing, Bitcoin was down by 0.70% to $56,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,144.0 before falling to a low $56,380.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nPolkadot and Ripple’s XRP were up by 0.31% and by 0.14% to buck the trend early on.\nIt was a bearish start for the rest of the pack, however.\nAt the time of writing, Cardano’s ADA was down by 2.77% to lead the way down.\nBitcoin would need to avoid a fall through the pivot level at $55,732 to bring the first major resistance level at $58,117 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $58,000 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000. The second major resistance level sits at $59,311.\nFailure to avoid a fall through the $55,732 pivot would bring the first major support level at $54,538 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of sub-$53,000 levels. The second major support level sits at $52,153.\nThisarticlewas originally posted on FX Empire\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 17th, 2021\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Testing Retracement Zone at 13044.00 – 13243.25\n• European Equities: Eurozone Stats Likely to Have Muted Impact ahead of the FED…\n• Gold Price Prediction – Prices Trade Sideways Following Weak Retail Sales Report\n• Natural Gas Price Prediction – Prices Rebound Testing Resistance Despite Warm Weather Forecast\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Set Up for Closing Price Reversal Top', 'NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Renewable Energy Group, Inc. (“Renewable Energy” or the “Company”) (NASDAQ: REGI) from May 3, 2018, through February 25, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934. If you purchased Renewable Energy securities, and/or would like to discuss your legal rights and options please visit Renewable Energy Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected] The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose to investors: (1) that due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company’s customers; (2) that, as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) that, as a result, Renewable Energy’s revenue and net income were overstated for certain periods; (4) that there was a material weakness in the Company’s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate “$38.2 million in cumulative revenue from January 2018 through September 30, 2020” because Renewable Energy was not the “proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020.” Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service “on a $40.5 million assessment, excluding interest” to correct these claims. Story continues On this news, the Company’s share price fell $8.17, or 9.5%, over two consecutive trading sessions to close at $77.77 per share on February 26, 2021, on unusually heavy trading volume. If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member. If you purchased Renewable Energy securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/renewableenergygroupinc-regi-shareholder-class-action-lawsuit-stock-fraud-371/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected] . Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pens
**Last 60 Days of Bitcoin's Closing Prices:**
[36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-03-17
**Financial & Commodity Data:**
- Gold Closing Price: $1726.80
- Crude Oil Closing Price: $64.60
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,075,648,435,062
- Hash Rate: 145003155.2007135
- Transaction Count: 296119.0
- Unique Addresses: 808119.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.71
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Tesla Inc (NASDAQ: TSLA ) has sounded out in the past its intention to move away from batteries with nickel cathode, given constraints in supply, and CEO Elon Musk reiterated this in a tweet late Thursday. What Happened: Nickel supply constraints are the biggest concern for Tesla in scaling lithium-ion cell production, Musk said in the tweet. The Tesla CEO also went on to add that this is the reason why the company is shifting its standard-range EV models to iron cathode. Nickel is our biggest concern for scaling lithium-ion cell production. That's why we are shifting standard range cars to an iron cathode. Plenty of iron (and lithium)! — Elon Musk (@elonmusk) February 25, 2021 Musk also suggested that the use of lithium iron phosphate, or LFP, batteries will free up more battery supply of lithium-ion chemistry cells using nickel cathodes for the company's other vehicle programs. Previously, Musk had said the energy density of LFP batteries has improved enough to justify the use of these cells in lower-end vehicles. Related Link: Tesla Gets A Street High ,200 Price Target: 'The Fireworks Aren't Over Yet' Why It's Important: Tesla is using LFP batteries in its Model 3 standard range plus vehicles manufactured in China. Thursday's tweet comes as an indicator that the EV giant could shift to LFP batteries in base model vehicles marketed in Europe and other regions. Nickel is the preferred option for EV batteries due to its higher energy density and greater storage capacity. Yet compared to iron, nickel is expensive, with prices soaring of late as the booming EV market continues to rely heavily on the metal. Nickel mining is also fraught with environmental risks. Fitch said in a recent report that it expects increased use of nickel in batteries to lead to a market deficit from 2025. Related Link: How Bitcoin, Demand Are Driving Tesla Shares Lower Story continues See more from Benzinga Click here for options trades from Benzinga Will Nio's Sagging Stock Get a Lift From Earnings? A Q4 Preview Chinese EV Maker Li Clocks Q4 Profit On Strong Vehicle Sales, Issues Upbeat Q1 Guidance © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/optimator999', 'Fortress Analysis', 19, '2021-03-17 00:06', 'https://www.reddit.com/r/mtgoxinsolvency/comments/m6m06h/fortress_analysis/', "I thought I'd give a quick analysis of the fortress offer.\n\nFirst, the fortress claim value estimate was within 0.2% (.002) of the USD value calculated using the [Rehabilitation Plan Payout Calculator](https://www.reddit.com/r/mtgoxinsolvency/comments/l08ymh/mt_gox_draft_rehabilitation_plan_payout_calculator/).\n\nSo we're off to a good start. Next, Fortress is offering to pay 80% of their claim value estimate in either bitcoin or cash.\n\nSince, the Rehabilitation Plan includes both a cash and bitcoin component, I thought the Fortress deal might be better than waiting for the rehabilitation plan payout, since I could take the entire Fortress payout in bitcoin.\n\nUnfortunately, the bitcoin I'd receive from Fortress is about 9.5% LESS than the bitcoin portion I'd receive from the rehabilitation plan.\n\nSo for that reason, I'm going for the Rehabilitation Ride.\n\nI'm not saying the Fortress Payout isn't a good deal. It's a good deal if you need the cash and you'll accept a discount to get it.", 'https://www.reddit.com/r/mtgoxinsolvency/comments/m6m06h/fortress_analysis/', 'm6m06h', [['u/Hunterbunter', 14, '2021-03-17 05:33', 'https://www.reddit.com/r/mtgoxinsolvency/comments/m6m06h/fortress_analysis/gr7ehmp/', "Basically, you'd be foolish for selling BTC if you didn't need it. If you needed it to survive, you'd be foolish for not selling it.", 'm6m06h']]], ['u/doblev', "Russell Okung Becomes One Of NFL's Highest-Paid Players After Requesting His Salary Be Paid In Bitcoin", 56, '2021-03-17 01:02', 'https://www.reddit.com/r/Bitcoin/comments/m6n4rw/russell_okung_becomes_one_of_nfls_highestpaid/', 'I’m going to HR tomorrow to see if this is possible at my job 🤣🤣🤣\n\nhttps://blavity.com/russell-okung-becomes-one-of-nfls-highest-paid-players-after-requesting-his-salary-be-paid-in-bitcoin?category1=news', 'https://www.reddit.com/r/Bitcoin/comments/m6n4rw/russell_okung_becomes_one_of_nfls_highestpaid/', 'm6n4rw', [['u/Letstalk26about', 20, '2021-03-17 01:21', 'https://www.reddit.com/r/Bitcoin/comments/m6n4rw/russell_okung_becomes_one_of_nfls_highestpaid/gr6nuiy/', 'Incorrect, he invested half his salary into Bitcoin, not paid in Bitcoin :)', 'm6n4rw']]], ['u/jpowell79', 'Guess the blockchain :)', 15, '2021-03-17 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/m6njrp/guess_the_blockchain/', 'See if you can guess the blockchain with a series of clues\n\n1. It has infinitely more use cases than Bitcoin\n2. It has gas fees 10,000 times LESS than Ethereum\n3. It is five times more decentralised than Binance Smart Chain\n4. It has main-net transactions speeds approximately 1000 times FASTER than Cardano\n5. It has more multi-chain and side chain capabilities than Polkadot with its layer 2 and cross-chain solutions \n6. Its total coin supply is 100 times LESS than that of XRP\n7. It has an ERC20 DEX that allows people to trade ER20 tokens at 100 times LESS gas fees than Uniswap\n8. It allows people to create fully-fledged Dapps and smart contracts unlike Litecoin\n9. It has a better, cheaper, TRUER and more secure random number generator than Chainlink, and it’s available entirely on chain without any need for an oracle\n10. It has a total MCap of less than $10m, which is approximately 9000 times LESS than Stellar XLM\n11. It has a DApp being released shortly that claims to be unlike any other DApp that’s ever been released on ANY other blockchain \n12. It’s a real, working, provable main-net blockchain that’s not even in the top 900 on coin market cap right now!\n\nAny ideas what it is? :)', 'https://www.reddit.com/r/CryptoCurrency/comments/m6njrp/guess_the_blockchain/', 'm6njrp', [['u/Raider4-', 18, '2021-03-17 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/m6njrp/guess_the_blockchain/gr6onys/', 'HPB just by looking at your post history.\n\nNo way very many people would’ve been able to guess a project barely in the top 1000.', 'm6njrp'], ['u/Ceenoh', 11, '2021-03-17 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/m6njrp/guess_the_blockchain/gr6p43x/', 'I would have guessed it if you said „ what coin is down 99% from ath. „ 😂😂😂😂', 'm6njrp'], ['u/beardedsalad', 10, '2021-03-17 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/m6njrp/guess_the_blockchain/gr6p7wn/', 'I want those 25 seconds back', 'm6njrp'], ['u/MajorasButtplug', 12, '2021-03-17 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/m6njrp/guess_the_blockchain/gr6ppuy/', "Sounds like you're shilling High Performance Blockchain and totally glossing over that the miners have to buy a special piece of hardware from one company. That's why the rng thing is significant, is that you have to use *their* hardware\n\nThat isn't very decentralized production at the least", 'm6njrp']]], ['u/achillies745', 'Read this.', 11, '2021-03-17 01:42', 'https://www.reddit.com/r/Crypto_com/comments/m6nwmr/read_this/', 'Today has been a very interesting day.\n\nI woke up today to an email saying my crypto.com account was terminated for "violating their terms of service". All I have ever used their app for is to convert my miner crypto into USD and then transfer it to my bank account. This is all I do. I do not steal, money launder, deceive others of their crypto, hack, etc... I contacted their customer service and here is the quote from them\n\n"After careful consideration, your account has been terminated. Please let me apologize for the inconvenience that has been caused.\n\nNo further information can be provided on the matter."\n\nI responded to that with a question about my funds and if they would send them to me. I have yet to hear a response so when I so I\'ll update it here if/when I do.\n\nNow, let\'s tie this all together. At any point in time even if you are using their app legally within their terms or service (buying, sending, recieving, transferring crypto, etc...) they can at any point terminate your account and you will lose access to your funds. Whether or not they give you your funds is something I don\'t know the answer to yet. \n\nEverything I wrote here is what I did with my account. Nothing I did is/was against the TOS. Do not trust this company with your crypto as I once did. It will come back to haunt you. \n\nUpdate 1: the mods of this subreddit even removed my old post... If this doesn\'t strike you as an ill-willed company I don\'t know what will. Do not trust them.\n\nUpdate 2: Here is what the company had to say when I asked about my funds.\n\n"No further information can be provided. You can check with your bank for further information and assistance" \n\nMy guess is that they are sending the funds back (still don\'t know 100%). Conveniently enough my bank\'s login service is down as well. I will try to contact them by phone and see if my bank can provide any information.\n\nUpdate 3: here\'s the quote from support \n\n"\ufeffWe completely under your point of view, however, no further information can be provided. Once again. we apologize for the inconvenience that has been caused.\n\ufeffPlease refer to our Terms and Conditions, more specifically "We are entitled, in our sole discretion and without providing reasons, to refuse your application for or to suspend, terminate or limit your use of the Crypto.com Wallet App Services or your account, and/or to change the eligibility criteria for registration or use of the Crypto.com Wallet App Services at any time" \n\nMost crypto brokers have this clause in there so it\'s impossible to avoid. Really sucks though, since I was a valid and fair user of their services. I\'m hoping within 1-2 weeks to see a deposit. Will keep updated here.\n\nUpdate 4: Obviously there are those who don\'t believe me. \n\nhttps://www.etherchain.org/account/0x3efaacf81775027388fa30c7aa799009ce2c6db9#txs\n\nHere is the link to my terminated ether wallet at crypto.com. All mined transactions clearly state that I am receiving ether from ethermine, a mining pool. Some of the other various transactions include my brother paying me ether, and initially testing if crypto.com was legit by sending it a small amount of ether, converting it to USD and transferring it to my bank. I don\'t remember why I converted to USD Coin back in January. \n\nhttps://www.blockchain.com/btc/address/3NnTi5NJwcwGoD7rHT88QruSvu8qcwgQPb\n\nHere is the link to my crypto.com wallet. Every single transaction here is from nicehash to my crypto.com wallet. Then from "my" wallet on crypto.com to crypto.com\'s wallet to sell for USD.\n\nUpdate 5: I emailed customer support for a signed message of the ether address so that I could obtain the money from ethermine and they wouldn\'t provide me with one. Here\'s the quote. \n\n"\ufeffPlease note that this is our final decision and no further information can be provided."\n\nCDC sus.', 'https://www.reddit.com/r/Crypto_com/comments/m6nwmr/read_this/', 'm6nwmr', [['u/wjficap', 10, '2021-03-17 03:39', 'https://www.reddit.com/r/Crypto_com/comments/m6nwmr/read_this/gr73bym/', "there have been many instances on this sub with your type of situation. basically, it just means the door is closed and cdc doesn't want your business. perhaps you know why, perhaps you don't. but it is impossible for cdc to tell you whats wrong else it would end up in a neverending circular argument of 'yes you did, no i didn't'.\n\nif you were an innocent investor, the feeling really sucks. i feel for you.\n\non the other hand, cdc has every obligation to everyone who uses its cards and cex to ensure that all kyc and compliance has been adhered to. there is no reason why cdc would intentionally want to turn away anyone they can make money out of.\n\nof course, you can always use defi and all the stuff cdc is building for the chain", 'm6nwmr']]], ['u/scinerd82', 'I’m having trouble deciding if Bitcoin is the way to go.', 14, '2021-03-17 01:58', 'https://www.reddit.com/r...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['NEW YORK, NY / ACCESSWIRE / March 17, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn\'t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below. AgEagle Aerial Systems, Inc. (NYSE:UAVS) CONTACT JAKUBOWITZ ABOUT UAVS : https://claimyourloss.com/securities/ageagle-aerial-systems-inc-loss-submission-form/?id=13781&from=1 Class Period : September 3, 2019 - February 18, 2021 Lead Plaintiff Deadline : April 27, 2021 The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; (2) rather than correct the public\'s understanding about a partnership with Amazon, Defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, Defendants\' statements about AgEagle\'s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. Multiplan Corporation F/K/A Churchill Capital Corp. Iii (NYSE:MPLN) CONTACT JAKUBOWITZ ABOUT MPLN : https://claimyourloss.com/securities/multiplan-corporation-f-k-a-churchill-capital-corp-iii-loss-submission-form/?id=13781&from=1 Class Period : July 12, 2020 - November 10, 2020 Lead Plaintiff Deadline : April 26, 2021 The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan\'s largest customers, UnitedHealthcare, which threatened up to 35% of the Company\'s sales and 80% of its levered cash flows by 2022; (b) sales and revenue declines in the quarters leading up to the Merger were not due to "idiosyncratic" customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan\'s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; (c) MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan\'s services and balanced billing practices, causing the Company\'s to cut its take rate by up to half in some cases; (d) as a result of (a)-(c) above, MultiPlan was set to continue to suffer from revenues and earnings declines, increased competition and deteriorating pricing dynamics following the Merger; (e) as a result of (a)-(d) above, MultiPlan was forced to seek continued revenue growth and to improve its competitive positioning through pricey acquisitions, including through the purchase of HST for $140 million at a premium price from a former MultiPlan executive only one month after the Merger; and (f) as a result of (a)-(e) above, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan\'s business was worth far less than represented to investors. Story continues Renewable Energy Group, Inc. (NASDAQ:REGI) CONTACT JAKUBOWITZ ABOUT REGI : https://claimyourloss.com/securities/renewable-energy-group-inc-loss-submission-form/?id=13781&from=1 Class Period : May 3, 2018 - February 25, 2021 Lead Plaintiff Deadline : May 3, 2021 The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company\'s customers; (2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) as a result, Renewable Energy\'s revenue and net income were overstated for certain periods; (4) there was a material weakness in the Company\'s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) as a result of the foregoing, Defendants\' positive statements about the Company\'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: JAKUBOWITZ LAW 1140 Avenue of the Americas 9th Floor New York, New York 10036 T: (212) 867-4490 F: (212) 537-5887 SOURCE: Jakubowitz Law View source version on accesswire.com: https://www.accesswire.com/636182/LAWSUITS-FILED-AGAINST-UAVS-MPLN-and-REGI--JAKUBOWITZ-LAW-PURSUES-SHAREHOLDERS-CLAIMS', 'NEW YORK, NY / ACCESSWIRE / March 17, 2021 /Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn\'t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.\nAgEagle Aerial Systems, Inc. (NYSE:UAVS)\nCONTACT JAKUBOWITZ ABOUTUAVS:https://claimyourloss.com/securities/ageagle-aerial-systems-inc-loss-submission-form/?id=13781&from=1\nClass Period : September 3, 2019 - February 18, 2021\nLead Plaintiff Deadline: April 27, 2021\nThe filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; (2) rather than correct the public\'s understanding about a partnership with Amazon, Defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, Defendants\' statements about AgEagle\'s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.\nMultiplan Corporation F/K/A Churchill Capital Corp. Iii (NYSE:MPLN)\nCONTACT JAKUBOWITZ ABOUTMPLN:https://claimyourloss.com/securities/multiplan-corporation-f-k-a-churchill-capital-corp-iii-loss-submission-form/?id=13781&from=1\nClass Period : July 12, 2020 - November 10, 2020\nLead Plaintiff Deadline: April 26, 2021\nThe filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan\'s largest customers, UnitedHealthcare, which threatened up to 35% of the Company\'s sales and 80% of its levered cash flows by 2022; (b) sales and revenue declines in the quarters leading up to the Merger were not due to "idiosyncratic" customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan\'s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; (c) MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan\'s services and balanced billing practices, causing the Company\'s to cut its take rate by up to half in some cases; (d) as a result of (a)-(c) above, MultiPlan was set to continue to suffer from revenues and earnings declines, increased competition and deteriorating pricing dynamics following the Merger; (e) as a result of (a)-(d) above, MultiPlan was forced to seek continued revenue growth and to improve its competitive positioning through pricey acquisitions, including through the purchase of HST for $140 million at a premium price from a former MultiPlan executive only one month after the Merger; and (f) as a result of (a)-(e) above, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan\'s business was worth far less than represented to investors.\nRenewable Energy Group, Inc. (NASDAQ:REGI)\nCONTACT JAKUBOWITZ ABOUTREGI:https://claimyourloss.com/securities/renewable-energy-group-inc-loss-submission-form/?id=13781&from=1\nClass Period : May 3, 2018 - February 25, 2021\nLead Plaintiff Deadline: May 3, 2021\nThe filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company\'s customers; (2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) as a result, Renewable Energy\'s revenue and net income were overstated for certain periods; (4) there was a material weakness in the Company\'s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) as a result of the foregoing, Defendants\' positive statements about the Company\'s business, operations, and prospects were m
**Last 60 Days of Bitcoin's Closing Prices:**
[35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-18
**Financial & Commodity Data:**
- Gold Closing Price: $1732.20
- Crude Oil Closing Price: $60.00
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,109,313,403,406
- Hash Rate: 162062349.9302092
- Transaction Count: 331718.0
- Unique Addresses: 885634.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: KUALA, LUMPUR / ACCESSWIRE / February 11, 2021 /Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that it has signed an investment agreement for $7,206,000 with Innovest Energy Fund.
Greenpro's management team has chosen to make a strategic investment in Innovest Energy Fund. Innovest Energy Fund is developing a multi-faceted suite of products and services for the cryptocurrency industry and economy. The fund's top-level structure will be an investment platform focused on servicing the institutional side of the cryptocurrency industry. GRNQ's investment of $7,206,000 will be paid via the issuance of 3 million GRNQ restricted shares.
Parallel to the rapid growth of the cryptocurrency industry is the rapid growth of cryptocurrency regulation. One focus of Innovest Energy Fund is to engage in companies with cryptocurrency investments, trading, and banking licenses across a multitude of jurisdictions. This will allow Innovest Energy Fund to service both existing cryptocurrency companies, and help new ones operate legally. Innovest will manage GRNQ's recently announced $100 million Bitcoin fund.
Innovest Energy Fund's CEO, Dr. Noah Silverman said, "We are always striving to participate in innovative investment developments and opportunities. This investment from Greenpro will enable a synergy that advances both of our visions toward new-finance and digital-finance."
Dr. Silverman holds a PhD in statistics from UCLA, is a certified blockchain developer, a certified Bitcoin professional, and is licensed under section 120(1) and section 122(1) of the Hong Kong Securities and Futures Commission. Dr. Silverman's other specialties include: artificial intelligence and complex financial derivatives. He has been involved with Bitcoin since 2011, and is a frequent speaker on the subject.
Greenpro's CEO CK Lee said, "As a leader in new-finance, Greenpro is constantly seeking strategic opportunities to expand our strategic investments. After careful consideration, we decided to invest in Innovest Energy Fund as this fits into our Bitcoin fund and Fintech businesses. We look forward to developing this company to grow their exciting range of blockchain and crypto sector investment services."
GRNQ's CEO, CK Lee recently received an Honorary PhD in Finance and Crypto currencies from Rivera University, located in France.
About Innovest Energy Fund.
Innovest Energy Fund (the "Fund") is a global multi-asset fund that follows a flexible asset allocation policy seeking an above average long term capital growth. The Fund invests globally in the full spectrum of permitted investments including equities, equity-related securities, units of undertakings for collective investment, cash, deposits and cryptocurrencies Please visithttp://innovest.fund.
About Greenpro Capital Corp.
Headquartered in Kuala Lumpur, Greenpro Capital Corp. (Nasdaq: GRNQ), a Nevada corporation, with strategic offices across Asia, is a business incubator with a diversified business portfolio comprising finance, technology, banking, CryptoSx for STOs, health and wellness and fine art. With 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. We also operate venture capital businesses, including business development for start-ups and high growth companies, covering finance, technology, FinTech, and health and wellness. For further information regarding the Company, please visit http://www.greenprocapital.com.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
CONTACT:
Gilbert Loke, CFO, DirectorGreenpro Capital Corp.Email:[email protected]: +852-3111 7718
Dennis BurnsInvestor Relations.Tel (567) [email protected]
SOURCE:Greenpro Capital Corp.
View source version on accesswire.com:https://www.accesswire.com/629282/Greenpro-Invests-in-Crypto-Focused-Investment-Fund...
- Reddit Posts (Sample): [['u/[deleted]', 'My strategy: $100 from each check to crypto. $50 in a high end coin like bitcoin and $50 in a garbage token like BTT', 21, '2021-03-18 00:09', 'https://www.reddit.com/r/CryptoCurrency/comments/m7dbsb/my_strategy_100_from_each_check_to_crypto_50_in_a/', "I don't invest in the same coins/tokens every time. I put the money somewhere different each check so I'll have a really diverse and wonky wallet. Yes I have it offline in a hard wallet. My plan is to sit on those for god knows how long until theres something of real value to where I can retire early and such. Any thoughts?", 'https://www.reddit.com/r/CryptoCurrency/comments/m7dbsb/my_strategy_100_from_each_check_to_crypto_50_in_a/', 'm7dbsb', [['u/DankestDaddy69', 14, '2021-03-18 00:12', 'https://www.reddit.com/r/CryptoCurrency/comments/m7dbsb/my_strategy_100_from_each_check_to_crypto_50_in_a/grak6bd/', 'I personally split mine into BTC & ETH every month no matter what. \n\nThen with some extra, I will put into what I think is a good investment at the time. Been investing heavily into XTZ, put some in DOT, will probably put some into ADA too next pay day.\n\nNot super diverse and all with pretty safe coins.', 'm7dbsb'], ['u/Jjjams1984', 29, '2021-03-18 00:16', 'https://www.reddit.com/r/CryptoCurrency/comments/m7dbsb/my_strategy_100_from_each_check_to_crypto_50_in_a/graknm7/', 'If you look historically more coins disappear than make it long term. The idea may sound great to buy a different coin every check but chances are more of them will disappear than actually show ROI long term. Someone made a post the other day if you would have put 100 into the top ten coins four years ago only four of those coins showed a positive ROI to date and total they would only have like $1,048 total from the $1,000 invested. With that being said you may be a lot better served to research and choose like 4 coins besides the two major player btc and eth and focus your funds there, but it’s you’re money so do with it as you please! Best of luck!', 'm7dbsb'], ['u/tcwtcw', 12, '2021-03-18 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/m7dbsb/my_strategy_100_from_each_check_to_crypto_50_in_a/gramkq5/', 'Bro you’re putting half of your investments into coins that you knowingly call “garbage.” 50%!', 'm7dbsb']]], ['u/rhash', 'bank of america analysts: "no good reason to own bitcoin unless you see prices going up."', 71, '2021-03-18 00:27', 'https://www.reddit.com/r/Bitcoin/comments/m7dns6/bank_of_america_analysts_no_good_reason_to_own/', "all my life i only invested in things that i knew would lose value. now thanks to this fascinating insight backed by years of research, it's time for me to break that habit. this is a game changer.", 'https://www.reddit.com/r/Bitcoin/comments/m7dns6/bank_of_america_analysts_no_good_reason_to_own/', 'm7dns6', [['u/JanPB', 32, '2021-03-18 00:30', 'https://www.reddit.com/r/Bitcoin/comments/m7dns6/bank_of_america_analysts_no_good_reason_to_own/gramam8/', 'If there is one thing that the global pandemic has plainly demonstrated is that most politicians and financial analysts are complete idiots.', 'm7dns6'], ['u/Reverend_James', 14, '2021-03-18 00:46', 'https://www.reddit.com/r/Bitcoin/comments/m7dns6/bank_of_america_analysts_no_good_reason_to_own/grao3cg/', 'The US dollar has lost 99.98% of its value relative to bitcoin.', 'm7dns6'], ['u/632_purple', 54, '2021-03-18 00:48', 'https://www.reddit.com/r/Bitcoin/comments/m7dns6/bank_of_america_analysts_no_good_reason_to_own/graoaze/', 'There is only one good reason to go to Bank of America and that is you want to see if they have a public restroom .', 'm7dns6'], ['u/Bitcoin12Rich', 14, '2021-03-18 01:28', 'https://www.reddit.com/r/Bitcoin/comments/m7dns6/bank_of_america_analysts_no_good_reason_to_own/grasws9/', "Ever get the feeling banks, Wall Street ect.. Can't stand the average person making any money! As long as we continued to lose money to them thieves they were fine. No more bitches buy BTC and don't sell.", 'm7dns6'], ['u/Gen_Tsos_Koolaid', 10, '2021-03-18 01:54', 'https://www.reddit.com/r/Bitcoin/comments/m7dns6/bank_of_america_analysts_no_good_reason_to_own/gravu6i/', 'Visa, Mastercard, Morgan Stanley: Winning\n\nBank of America: losing', 'm7dns6']]], ['u/moduIus', 'There are too many damn coins', 57, '2021-03-18 00:30', 'https://www.reddit.com/r/CryptoMoonShots/comments/m7dq96/there_are_too_many_damn_coins/', 'I don’t know what to buy. Too many damn coins so I just put my money into hoge.\n\nNow I leave this place and never look at my wallet for the next few years.\n\nEdit: Damn, some of y’all are salty af. It’s my money - why do you care? I thought this was a subreddit for low market cap coins. I’m deep in BTC and ETH since 2016.', 'https://www.reddit.com/r/CryptoMoonShots/comments/m7dq96/there_are_too_many_damn_coins/', 'm7dq96', [['u/ScrotusMahotus', 14, '2021-03-18 00:47', 'https://www.reddit.com/r/CryptoMoonShots/comments/m7dq96/there_are_too_many_damn_coins/grao98b/', "Hoge is the eth chain GOAT. Safemoon is the bsc GOAT. Can't go wrong with either. Both are on sale rn.", 'm7dq96'], ['u/trustdabrain', 13, '2021-03-18 01:39', 'https://www.reddit.com/r/CryptoMoonShots/comments/m7dq96/there_are_too_many_damn_coins/grau5op/', "This is when you're supposed to buy", 'm7dq96'], ['u/slickvic85', 10, '2021-03-18 02:18', 'https://www.reddit.com/r/CryptoMoonShots/comments/m7dq96/there_are_too_many_damn_coins/graylh7/', 'It’s holders have been on steady increase all day despite the downturn in price. Do you research anything? or just throw claims out like it’s dying because you don’t have a bag?', 'm7dq96']]], ['u/Oneloff', 'Some KEY need to know for trading. (Good for beginners)', 688, '2021-03-18 00:37', 'https://www.reddit.com/r/Daytrading/comments/m7dumm/some_key_need_to_know_for_trading_good_for/', "Hey y'all…\n\nHopefully this post isn’t breaking any rule for this Subreddit. And provide value to someone.\n\n**Disclaimer: I’m NOT a financial advisor, nor do I plan to sell you a course. ;)**\n\nFirst things first, if you want to start trading then that's a very good thing BUT this is a you vs the market type of thing ***(1vs1)***. Let XYZ do his/hers thing, and you do yours. Always remember that! \n\nI see a lot of questions regarding what kind of trade should I make and which stock should I buy and so on. And I find that if this person had more knowledge as to how things work and function perhaps they wouldn’t have asked that. Not trying to be judgmental just want to point out what I noticed. Which is the reason of me creating this post, I want to share a lot but also want to keep the post not to long.\n\nWith that being said, I’ve been trading CFD for the past 3 years. *(CFD: bet if the stock will either go up or down instead of buying a piece of the actual stock)(only available outside the US)*\n\nI bought a day course and got a better understanding about the market. For that reason I wanted to share some basic but crucial knowledge when it comes to trading. The better understanding you have the better judgements you’ll make. Because these go a long way in your trading journey.\n\nYes, I’ve lost money, but because of knowing these things it helped me to minimize this the best way possible. And I’m still improving, now even move to buying stocks alongside CFD.\n\nWhen you dig deeper in what I mention below it will make you start seeing the trading world with a new set of eyes. Trade and understanding the market better, and more efficiently. Again this doesn’t mean you won’t make a wrong call and or lose money, but it does help you to make better judgements.\n\nAlso, any experienced traders I would like to get your feedback on this post, perhaps some things that you don’t agree on and or some things you want to add up.\n\n**1. Psychology (your BFF and worst enemy)**\n\nYES! Psychology is \\*\\*\\*\\*\\*! Because this is like 90% of trading. It all comes down to how much of a control you have on your psychology. ***(1 vs 1)*** Psychology affects your emotions and your emotions affects your trading. Which means, if your psychology is all over the place so will your results be. The better you control it, the better the results will be. How can you improve your psychology? Short answer: **Grow your knowledge!**\n\n**2. Type of trader (Day trader, short/long term, forex etc)**\n\nFirst things first, **START AT THE END**. What I mean is what type of trader do you need to be? Why do want to trade? Who needs to benefits from your gaining? Do you need some extra cash or do you want to build wealth? Because these are 2 different things. Cash is for the now, wealth is building cashflow for the rest of your life. Ask yourself first where you want to end up and work backwards. And choose what type of trader you need to be in order to reach that end goal. And then start implementing!\n\n**3. Analyze News/reports**\n\nThis is CRUCIAL, especially for long terms IMO. You need to be able to not only hear and listen to information but how to analyze that information. What I mean is if the news says a CEO stepped down what does that mean for the stock? Learn to read between the lines, someone stepping down doesn’t always mean bad news for the company, it can also be very beneficial.\n\nAnalyze your information! Analyze, adapt, execute.\n\n**4. Monetary Policy (FED, ECB, BOJ)**\n\nIf you don’t know what these are then you should stay away from trading! Monetary Policy is what makes the world go around. EDUCATE yourself about this and what it means *(analyze)* for the world/market. When everyone is thinking the world is on fire, because you educated yourself you know that the firefighters are there but not to put out fire, but to turn up the head. 😉\n\nA fire doesn’t always mean ashes, but there isn’t smoke without a fire.\n\n**5. Oil (huh?)**\n\nAsk yourself: what doesn’t need oil to be usable? I remember seeing a post couple days ago about this. Most people forget that so far and for A LON...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Benchmark Treasury yield rose past 1.7% to new 13-month peak * Yen buoyed by report BOJ to be more flexible with yield target * Bitcoin sinks toward $56,000 after topping $60,000 overnight By Kevin Buckland TOKYO, March 19 (Reuters) - The safe-haven U.S. dollar strengthened again on Friday, supported by higher Treasury yields and falling stock markets, as investors continued to digest the Federal Reserve\'s pushback against expectations of any early interest-rate hikes. The dollar index added 0.1%, extending a 0.5% jump from Thursday that was the most in two weeks. The benchmark U.S. 10-year yield climbed to a more than one-year peak of 1.754% overnight before easing to 1.715%, while Asian stocks followed Wall Street lower. The Federal Open Market Committee (FOMC) pledged this week to press on with aggressive monetary stimulus, saying a near-term spike in inflation would prove temporary amid their projections for the strongest U.S economic growth in nearly 40 years. The next focus for the currency market will be the Bank of Japan\'s policy decision Friday, accompanied by results of a comprehensive policy review. "After some navel gazing," bond investors "concluded that the Fed is not (posing) any challenges or discomfort for longer-dated UST yields to keep pushing higher," National Australia Bank\'s senior FX strategist Rodrigo Catril wrote in a client note. "The USD regained its mojo." The greenback gained 0.1% to 109.04 yen, adding to small gains overnight. The yen got some support from a Nikkei report on Thursday that the BOJ was expected to slightly widen an implicit band in which it allows long-term interest rates to move around its 0% target. The euro slipped 0.1% to $1.1908, extending Thursday\'s 0.5% tumble. While AstraZeneca vaccinations are poised to restart in Germany, France and other European nations, the region\'s growth outlook was dinged as Paris went into a month-long lockdown. The British pound sank 0.2% to $1.3903 after weakening 0.3% a day earlier, as the Bank of England warned the outlook for Britain\'s recovery remained unclear, dampening some speculation the bank would signal a more confident outlook. In the cryptocurrency market, bitcoin weakened to around $56,703 in early Asian trading, seesawing after breifly topping $60,000 again overnight. It had surged to a fresh record high of $61,781.83 on Saturday, after more than doubling since the start of the year. "Bitcoin is a momentum trade and it feels like it could go a lot further," said Edward Moya, a New York-based senior market analyst at online FX broker OANDA. "Is it a bubble? Yes. But it can easily go to $100,000 before it comes crashing down." ======================================================== Currency bid prices at 116 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.1906 $1.1916 -0.08% -2.55% +1.1921 +1.1904 Dollar/Yen 109.0650 108.9100 +0.11% +5.56% +109.0920 +108.9300 Euro/Yen 129.85 129.76 +0.07% +2.31% +129.9200 +129.7700 Dollar/Swiss 0.9282 0.9274 +0.09% +4.92% +0.9283 +0.9273 Sterling/Dollar 1.3901 1.3932 -0.19% +1.79% +1.3931 +1.3900 Dollar/Canadian 1.2502 1.2486 +0.14% -1.81% +1.2505 +1.2484 Aussie/Dollar 0.7734 0.7762 -0.32% +0.57% +0.7762 +0.7736 NZ 0.7154 0.7168 -0.17% -0.35% +0.7171 +0.7155 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; editing by Richard Pullin)', '* Benchmark Treasury yield rose past 1.7% to new 13-month peak * Yen buoyed by report BOJ to be more flexible with yield target * Bitcoin sinks toward $56,000 after topping $60,000 overnight By Kevin Buckland TOKYO, March 19 (Reuters) - The safe-haven U.S. dollar strengthened again on Friday, supported by higher Treasury yields and falling stock markets, as investors continued to digest the Federal Reserve\'s pushback against expectations of any early interest-rate hikes. The dollar index added 0.1%, extending a 0.5% jump from Thursday that was the most in two weeks. The benchmark U.S. 10-year yield climbed to a more than one-year peak of 1.754% overnight before easing to 1.715%, while Asian stocks followed Wall Street lower. The Federal Open Market Committee (FOMC) pledged this week to press on with aggressive monetary stimulus, saying a near-term spike in inflation would prove temporary amid their projections for the strongest U.S economic growth in nearly 40 years. The next focus for the currency market will be the Bank of Japan\'s policy decision Friday, accompanied by results of a comprehensive policy review. "After some navel gazing," bond investors "concluded that the Fed is not (posing) any challenges or discomfort for longer-dated UST yields to keep pushing higher," National Australia Bank\'s senior FX strategist Rodrigo Catril wrote in a client note. "The USD regained its mojo." The greenback gained 0.1% to 109.04 yen, adding to small gains overnight. The yen got some support from a Nikkei report on Thursday that the BOJ was expected to slightly widen an implicit band in which it allows long-term interest rates to move around its 0% target. The euro slipped 0.1% to $1.1908, extending Thursday\'s 0.5% tumble. While AstraZeneca vaccinations are poised to restart in Germany, France and other European nations, the region\'s growth outlook was dinged as Paris went into a month-long lockdown. The British pound sank 0.2% to $1.3903 after weakening 0.3% a day earlier, as the Bank of England warned the outlook for Britain\'s recovery remained unclear, dampening some speculation the bank would signal a more confident outlook. In the cryptocurrency market, bitcoin weakened to around $56,703 in early Asian trading, seesawing after breifly topping $60,000 again overnight. It had surged to a fresh record high of $61,781.83 on Saturday, after more than doubling since the start of the year. "Bitcoin is a momentum trade and it feels like it could go a lot further," said Edward Moya, a New York-based senior market analyst at online FX broker OANDA. "Is it a bubble? Yes. But it can easily go to $100,000 before it comes crashing down." ======================================================== Currency bid prices at 116 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.1906 $1.1916 -0.08% -2.55% +1.1921 +1.1904 Dollar/Yen 109.0650 108.9100 +0.11% +5.56% +109.0920 +108.9300 Euro/Yen 129.85 129.76 +0.07% +2.31% +129.9200 +129.7700 Dollar/Swiss 0.9282 0.9274 +0.09% +4.92% +0.9283 +0.9273 Sterling/Dollar 1.3901 1.3932 -0.19% +1.79% +1.3931 +1.3900 Dollar/Canadian 1.2502 1.2486 +0.14% -1.81% +1.2505 +1.2484 Aussie/Dollar 0.7734 0.7762 -0.32% +0.57% +0.7762 +0.7736 NZ 0.7154 0.7168 -0.17% -0.35% +0.7171 +0.7155 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; editing by Richard Pullin)', 'New Orleans, Louisiana--(Newsfile Corp. - March 18, 2021) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 3, 2021 to file lead plaintiff applications in securities class action lawsuits against Renewable Energy Group, Inc. (NASDAQ: REGI), if they purchased the Company\'s securities between May 3, 2018 and February 25, 2021, inclusive (the "Class Period"). These actions are pending in the United States District Courts for the Southern District of New York and Central District of California. What You May Do If you purchased securities of Renewable and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( [email protected] ), or visit https://www.ksfcounsel.com/cases/nasdaqgs-regi/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 3, 2021 . About the Lawsuits Renewable and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On February 25, 2021, post-market, the Company announced its 4Q and full year 2020 financial results, disclosing that it would restate "$38.2 million in cumulative revenue from January 2018 through September 30, 2020" because it was not the "proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020," and that it had reached an agreement with the Internal Revenue Service "on a $40.5 million assessment, excluding interest" to correct these claims. On this news, shares of Renewable fell $8.17, or 9.5%, over two consecutive trading sessions to close at $77.77 per share on February 26, 2021, on unusually heavy trading volume. Story continues The first-filed case is Ramsey v. Renewable Energy Group, Inc., et al. , 1:21-cv-01832. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation\'s premier boutique securities litigation law firms. KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com . Contact: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner [email protected] 1-877-515-1850 1100 Poydras St., Suite 3200 New Orleans, LA 70163 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/77872', 'New Orleans, Louisiana--(Newsfile Corp. - March 18, 2021) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind i
**Last 60 Days of Bitcoin's Closing Prices:**
[36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-19
**Financial & Commodity Data:**
- Gold Closing Price: $1741.40
- Crude Oil Closing Price: $61.42
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,098,164,205,975
- Hash Rate: 158357615.36380938
- Transaction Count: 316180.0
- Unique Addresses: 833389.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.71
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Elon Musk’scryptocurrency hypewas more than just idle talk.CNBCreportsthat Tesla not onlybought$1.5 billion worth of Bitcoin to help “diversify and maximize” its returns, but will start taking payments using the digital asset sometime in the “near future.” It’s the first major car maker to take Bitcoin for purchases. although the company didn’t say if this would apply to every product.
Tesla was quick to warn investors that cryptocurrencies like Bitcoin tended to be “highly violatile,” with rapid price changes and theoretical vulnerability toregulatory changes, “malicious attacks” and “technological obsolescence” that doesn’t exist with physical formats. Musk was conscious of his own effect on Bitcoin,warningin a Clubhouse chat that he could “move the market” if he wasn’t careful.
Not surprisingly, Tesla’s move just did that, sparking a Bitcoin price surge to over $44,000 as of this writing.
There’s a clear advantage to embracing Bitcoin — Tesla can court newly minted cryptocurrency millionaires itching to spend their fortunes on anew Model S. The investment is something of a gamble, though. The $1.5 billion represents a significant portion of Tesla’s roughly $19.4 billion in cash, and it’s entirely possible that money could evaporate if Bitcoin prices plunge. The automaker clearly hopes Bitcoin has a bright future, and that committing to the format helps legitimize it....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 0.71% on Friday. Partially reversing a 2.08% fall from Thursday, Bitcoin ended the day at $58,049.6. A bearish start to the day saw Bitcoin slide to an early morning intraday low $56,277.0. Bitcoin fell through the first major support level at $56,367 before striking a late intraday high $59,480.0. Falling short of the first major resistance level at $59,551, Bitcoin fell back to end the day at sub-$58,100 levels. The near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Ripple’s XRP slipped by 0.37% to buck the trend on the day. It was a bullish day for the rest of the majors. Bitcoin Cash SV (+5.25%), Cardano’s ADA (+5.36%), Crypto.com Coin (+5.50%), and Polkadot (+7.28%) led the way. Binance Coin (+0.70%), Chainlink (+1.22%), Ethereum (+1.86%), and Litecoin (+0.09%) trailed the front runners. In the current week, the crypto total market fell to a Tuesday low $1,593bn before rising to a Thursday high $1,832bn. At the time of writing, the total market cap stood at $1,757bn. Bitcoin’s dominance rose to a Monday high 63.03% before falling to a Tuesday low 60.84%. At the time of writing, Bitcoin’s dominance stood at 61.49%. This Morning At the time of writing, Bitcoin was down by 0.35% to $57,846.2 A bearish start to the day saw Bitcoin fall from an early morning high $58,049.0 to a low $57,800.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Crypto.com Coin (+1.28%) and Polkadot (+0.07%) bucked the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 0.55% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $57,936 to bring the first major resistance level at $59,594 into play. Story continues Support from the broader market would be needed for Bitcoin to break out from Friday’s high $59,480.0. Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at last Sunday’s new swing hi $61,699.0. The second major resistance level sits at $61,139. Failure to move back through the $57,936 pivot would bring the first major support level at $56,391 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,733. This article was originally posted on FX Empire More From FXEMPIRE: E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Needs to Break Pattern of Lower Tops, Lower Bottoms Natural Gas Price Prediction – Prices Rise Testing Resistance Despite Warm Weather Forecast Gold Price Prediction – Prices Consolidate as The Dollar Rises Silver Weekly Price Forecast – Silver Markets Stall Again Crude Oil Weekly Price Forecast – Crude Oil Markets Survive Rough Week Natural Gas Price Forecast – Natural Gas Markets Set to Bounce', 'Bitcoin, BTC to USD, rose by 0.71% on Friday. Partially reversing a 2.08% fall from Thursday, Bitcoin ended the day at $58,049.6.\nA bearish start to the day saw Bitcoin slide to an early morning intraday low $56,277.0.\nBitcoin fell through the first major support level at $56,367 before striking a late intraday high $59,480.0.\nFalling short of the first major resistance level at $59,551, Bitcoin fell back to end the day at sub-$58,100 levels.\nThe near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nRipple’s XRPslipped by 0.37% to buck the trend on the day.\nIt was a bullish day for the rest of the majors.\nBitcoin Cash SV(+5.25%),Cardano’s ADA(+5.36%),Crypto.com Coin(+5.50%), and Polkadot (+7.28%) led the way.\nBinance Coin(+0.70%),Chainlink(+1.22%),Ethereum(+1.86%), andLitecoin(+0.09%) trailed the front runners.\nIn the current week, the crypto total market fell to a Tuesday low $1,593bn before rising to a Thursday high $1,832bn. At the time of writing, the total market cap stood at $1,757bn.\nBitcoin’s dominance rose to a Monday high 63.03% before falling to a Tuesday low 60.84%. At the time of writing, Bitcoin’s dominance stood at 61.49%.\nAt the time of writing, Bitcoin was down by 0.35% to $57,846.2 A bearish start to the day saw Bitcoin fall from an early morning high $58,049.0 to a low $57,800.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCrypto.com Coin (+1.28%) and Polkadot (+0.07%) bucked the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Binance Coin was down by 0.55% to lead the way down.\nBitcoin would need to move back through the pivot level at $57,936 to bring the first major resistance level at $59,594 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Friday’s high $59,480.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at last Sunday’s new swing hi $61,699.0. The second major resistance level sits at $61,139.\nFailure to move back through the $57,936 pivot would bring the first major support level at $56,391 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,733.\nThisarticlewas originally posted on FX Empire\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Needs to Break Pattern of Lower Tops, Lower Bottoms\n• Natural Gas Price Prediction – Prices Rise Testing Resistance Despite Warm Weather Forecast\n• Gold Price Prediction – Prices Consolidate as The Dollar Rises\n• Silver Weekly Price Forecast – Silver Markets Stall Again\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Survive Rough Week\n• Natural Gas Price Forecast – Natural Gas Markets Set to Bounce', 'Ethereumrose by 1.86% on Friday. Partially reversing a 2.63% loss from Thursday, Ethereum ended the day at $1,809.38.\nA bearish start to the day saw Ethereum slide to an early morning intraday low $1,734.29.\nEthereum fell through the first major support level at $1,740 before rallying to a late intraday high $1,840.69.\nThe rally saw Ethereum break through the first major resistance level at $1,832 before falling back to sub-$1,810 levels.\nAt the time of writing, Ethereum was down by 0.41% to $1,802.01. A mixed start to the day saw Bitcoin rise to an early morning high $1,812.58 before falling to a low $1,801.29.\nEthereum left the major support and resistance levels untested early on.\nEthereum would need to avoid a fall through the pivot level at $1,795 to support a run at the first major resistance level at $1,855.\nSupport from the broader market would be needed, however, for Ethereum to break out from Friday’s high $1,840.69.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a breakout, Ethereum could test resistance at $1,950 before any pullback. The second major resistance level sits at $1,901.\nFailure to avoid a fall through the $1,795 pivot would bring the first major support level at $1,749 into play.\nBarring an extended sell-off, however, Ethereum should steer clear of sub-$1,700 levels. The second major support level sits at $1,688.\nFirst Major Support Level: $1,749\nPivot Level: $1,795\nFirst Major Resistance Level: $1,855\n23.6% FIB Retracement Level: $1,579\n38.2% FIB Retracement Level: $1,292\n62% FIB Retracement Level: $830\nLitecoinrose by 0.09% on Friday. Following a 3.13% slide on Thursday, Litecoin ended the day at $199.91.\nA choppy start to the day saw Litecoin saw Litecoin slide to an early morning intraday low $195.80 before making a move.\nThe reversal saw Litecoin fall through the first major support level at $196.\nComing within range of the 23.6% FIB of $195, Litecoin rallied to a late morning intraday high $204.95.\nFalling short of the first major resistance level at $206, however, Litecoin eased back to end the day at sub-$200 levels.\nAt the time of writing, Litecoin was down by 0.39% to $199.14. A mixed start to the day saw Litecoin rise to an early morning high $200.17 before falling to a low $198.73.\nLitecoin left the major support and resistance levels untested early on.\nLitecoin would need to move back through the $200 pivot level to support a run at the first major resistance level at $205.\nSupport from the broader market would be needed, however, for Litecoin to break out from $200 levels.\nBarring an extended crypto rally, the first major resistance level and Friday’s high $204.95 would likely cap any upside.\nIn the event of an extended rally, Litecoin could test resistance at $215 before any pullback. The second major resistance level sits at $209.\nFailure to move back through the $200 pivot level would bring the first major support level at $196 and the 23.6% FIB of $195 into play.\nBarring an extended sell-off, Litecoin should steer clear of sub-$190 support levels. The second major support level at $191 should limit the downside.\nFirst Major Support Level: $196\nPivot Level: $200\nFirst Major Resistance Level: $205\n23.6% FIB Retracement Level: $195\n38.2% FIB Retracement Level: $163\n62% FIB Retracement Level: $110\nRipple’s XRPfell by 0.37% on Friday. Following a 0.25% decline on Thursday, Ripple’s XRP ended the day at $0.46727.\nA bearish start saw Ripple’s XRP fall to an early morning intraday lo
**Last 60 Days of Bitcoin's Closing Prices:**
[36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-20
**Financial & Commodity Data:**
- Gold Closing Price: $1741.40
- Crude Oil Closing Price: $61.42
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,089,290,112,312
- Hash Rate: 167389189.0439892
- Transaction Count: 286948.0
- Unique Addresses: 742019.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.75
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Tesla Inc(NASDAQ:TSLA) could create a “positive momentum” if its sold itsBitcoin(CRYPTO: BTC) holdings and initiated a buyback of its stock, according to Gary Black, a private investor and former CEO of Aegon Asset Management.
What Happened:Black aired his views on social media Thursday in a series of tweets.
“Imagine the positive momentum [Tesla] would create if they announced the sale of their [Bitcoin] position, and authorized a [Tesla] stock buyback instead.”wroteBlack.
See also: How to Invest in Tesla Stock
The investor acknowledged that the prospect was “unlikely” but shareholders would support such a move.
Accordingto Black, if you asked 100 institutional investors in the Elon Musk-led company if they would prefer to invest $1.5 billion of excess cash in BTC or in Tesla stock, 95/100 would choose the stock.
Why It Matters:Black isn’t the only analyst crying foul over Tesla’s investment in BTC. Last month, GLJ Research analyst Gordon Johnson said the automaker had “run out of viable internal uses” of its capital.
“We see this as a sign of desperation from a CEO whose company is facing real competition for the first time ever,” wrote Johnson.
Tesla hadpurchased .5 billionworth of BTC in February, amid increased institutional support for the cryptocurrency.
Jack Dorsey-ledSquare Inc(NASDAQ:SQ) and Tesla combined havespent over billionto buy 151,919 BTC. Those coins are worth almost $7.19 billion as of press time when BTC traded 6.99% lower at $47,347.62.
MicroStrategy Incorporated(NASDAQ:MSTR) meanwhile holds 90,531 BTC, purchased at an average price of $2.171 billion, as of late February now worth about almost $4.286 billion.
Price Action:Tesla shares fell 3.43% in after-hours trading on Thursday to $600.10 after closing 4.86% lower at $621.44.
Clickhereto check out Benzinga’s EV Hub for the latest electric vehicles news.
Latest Ratings for TSLA
[{"Feb 2021": "Feb 2021", "Morgan Stanley": "Piper Sandler", "Maintains": "Maintains", "": "", "Overweight": "Overweight"}, {"Feb 2021": "Jan 2021", "Morgan Stanley": "Deutsche Bank", "Maintains": "Maintains", "": "", "Overweight": "Buy"}]
View More Analyst Ratings for TSLAView the Latest Analyst Ratings
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• How Square's Purchase of Jay Z's Tidal Could Popularize Blockchain
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/ImaSunDevil_Man', "HODLers don't concern themselves with the opinions of Nocoiners", 73, '2021-03-20 01:12', 'https://www.reddit.com/r/Bitcoin/comments/m8uzqy/hodlers_dont_concern_themselves_with_the_opinions/', 'I think we\'re in the part of the bull run where the FUD has ramped up above the mean. When Bitcoin comes down off an all-time high, people in my orbit -- family, friends, coworkers, general haters on antisocial media -- get bold again with the criticism. They gloat about their prescience.\n\nSometimes it is projection of their own insecurity and self-doubt. It is their own aversion to risk that\'s talking, and they don\'t want to see others gain where they are afraid to.\n\nSometimes they criticize the idea of Bitcoin itself. They are beholden to "the way things have always been" as if evolution is a mechanism of the past whose endpoint is the present and not something continuous.\n\nTake profits because you\'ve met your goals. But don\'t let nocoiners sow doubt in your investment. This is the best ride I\'ve ever been on.', 'https://www.reddit.com/r/Bitcoin/comments/m8uzqy/hodlers_dont_concern_themselves_with_the_opinions/', 'm8uzqy', [['u/CntDstryr93', 79, '2021-03-20 01:25', 'https://www.reddit.com/r/Bitcoin/comments/m8uzqy/hodlers_dont_concern_themselves_with_the_opinions/grji58p/', 'Dude, we are not a cult. Do listen to Nocoiners, listen to people critical of BTC in order to not forget that there are legitimate perspectives other than yours. Have civil discussions with Nocoiners, exchange arguments and make up your opinions by judging who has the better arguments, not by what you want/hope things to be.\n\nI am a hodler and critical of BTC at the same time. BTC was invented because people were critical of the financial system. You lose that sense of criticism, you lose reason and turn into a cult.', 'm8uzqy'], ['u/satoshisfeverdream', 23, '2021-03-20 01:31', 'https://www.reddit.com/r/Bitcoin/comments/m8uzqy/hodlers_dont_concern_themselves_with_the_opinions/grjithl/', 'No coiners = have fun staying poor.', 'm8uzqy'], ['u/Romsel87', 11, '2021-03-20 01:37', 'https://www.reddit.com/r/Bitcoin/comments/m8uzqy/hodlers_dont_concern_themselves_with_the_opinions/grjjgfq/', "People don't trust Bitcoin. Probably because of Silk Road or the stories about money laundering. Not all people are interested in Bitcoin, like they also would never own stocks. I really dont give a fuck about others people opinion about Bitcoin. And im only holding for 2 years now. Im done talking and continue to accumulate.", 'm8uzqy'], ['u/ImaSunDevil_Man', 23, '2021-03-20 01:39', 'https://www.reddit.com/r/Bitcoin/comments/m8uzqy/hodlers_dont_concern_themselves_with_the_opinions/grjjmo9/', 'It\'s not that I disagree with you at all, but I\'m not talking about FUDers who develop a thesis on why Bitcoin won\'t work and stick to their own investment strategy.\n\nI\'m talking about "your shitty internet coin is crashing, hope you sold," "the government is going to ban it anyway," "it has no value, you people are just trading air," "it\'s used to fund extremism and trafficking." It goes on like that.', 'm8uzqy']]], ['u/IlBegOnESoon', 'Giving casual players bitcoin isn’t bad', 44, '2021-03-20 01:15', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/', 'Making it harder for casual players to progress and play the way they want to isn’t going to help the game. So what if someone gets 2 kits with decent guns and ammo for the one or 2 raids a night that they have, making people work even harder and have to rat more makes the chads sad because they don’t get good pvp and casuals annoyed because the grind is only increased, especially if you have a job and kids.', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/', 'm8v15b', [['u/nicksabanringfinger', 31, '2021-03-20 01:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/grjhbnn/', 'Say it louder for the people in the back', 'm8v15b'], ['u/c00k', 15, '2021-03-20 01:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/grjhgpo/', '“WHAT THEY SAID BUT IN CAPS, SO YOU READ IT LOUDER”', 'm8v15b'], ['u/BrockTestes', 19, '2021-03-20 01:23', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/grjhzbp/', "They're testing progression, although I can't say I agree with the methods.", 'm8v15b'], ['u/xmrwoolf-tv', 10, '2021-03-20 01:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/grjj8rl/', 'This is correct. And what ppl seem to forget is that the final product of this game won’t wipe anymore.. these little changes seem drastic for the wipe cycle but in reality players will have years to grind these tasks when it’s finally released and you would want vets to have something to show for it in 3 years instead of just 3 months', 'm8v15b'], ['u/xmrwoolf-tv', 10, '2021-03-20 01:48', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/grjkmuu/', 'The game doesn’t wipe for us. It wipes for the devs to figure things out. People progressed extremely fast this wipe. The wipe feeling typically stayed for 1-2 months previously. This wipe “feeling” ended in like a week. Drastic changes needed to happen. Players are becoming too experienced and need progression to be harder', 'm8v15b'], ['u/Brizen', 11, '2021-03-20 02:30', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/grjp7t2/', "I know they don't want to wipe but that's going to murder the longevity of their game.", 'm8v15b'], ['u/TrillegitimateSon', 14, '2021-03-20 09:26', 'https://www.reddit.com/r/EscapefromTarkov/comments/m8v15b/giving_casual_players_bitcoin_isnt_bad/grkm0bg/', 'imo season based system like PoE with season/legacy realms is the most logical.', 'm8v15b']]], ['u/-mixzernfrombackthen', '25th of March. And then what?', 25, '2021-03-20 01:18', 'https://www.reddit.com/r/cro/comments/m8v3vx/25th_of_march_and_then_what/', '25th of March, what happens to CRO ? \n\nGuys. Fellow human beings. I work with football talents. My job is to detect talent and be sure that this particular player will make it to become a pro. In short: I get payed by detecting the potential in a human beings ability to kick a ball. \n\nIn 2016 I told my partner in the firm: I will sell all I have and go all in on Bitcoin. He laughed at\nMe and said that’s the worst thing I can do. He is 20year my senior. I took his advise and only bought 2 bitcoins and gave each to one sister. \n\nI saw the potential BTC had. I see the same potential in CRO. Not that it will reach those amounts, but the mass adaption of CRYPTO.COM. I see 10 million users become 100 million. I’m sure of it. And I want to go in with a considerable portion. Therefore I ask you. What the fuck is happening on the 25th of March and why are people saying it will dump after that date?', 'https://www.reddit.com/r/cro/comments/m8v3vx/25th_of_march_and_then_what/', 'm8v3vx', [['u/02galler', 15, '2021-03-20 01:30', 'https://www.reddit.com/r/cro/comments/m8v3vx/25th_of_march_and_then_what/grjinx2/', "The people that say it's going to dump means that the market is buying the rumor and selling on the news. So CRO's price is going up till the 25th and dip a bit on the 25th. That's natural and has happened for Cardano and Cosmos in the past few months recently, nothing to be too wary of.\n\nBut in the long run, like you said CRO is a totally legit project. 100million, why not? It is moving to its native chain to reduce transaction fees, it has these sponsorships with NHL, F1(arguably the most popular sports game in the world), lucrative staking plans, and what it really differentiates from the other crypto projects is IMHO the debit and (coming) credit cards. There are a lot of smart contract platforms but [Crypto.org](https://Crypto.org) has an exchange and the credit/debit card so it will(IMO) endure even the bear market better than most crypto.\n\nDisclaimer: invested in CRO a little more than I am comfortable losing completely.", 'm8v3vx']]], ['u/lleti', "I was one of the original developers on Dogecoin; Here's some very biased DD on the DeFi token I'm hanging my hat on this time round.", 184, '2021-03-20 01:39', 'https://www.reddit.com/r/CryptoMoonShots/comments/m8vi6n/i_was_one_of_the_original_developers_on_dogecoin/', '**If you want the tl,dr; the relevant stuff starts under the heading "The Token".**\n\n--\n\nPreamble\n--\n\nA loooong time ago, [I worked with the Digibyte team to implement the Gravity Well algo into Dogecoin](https://www.reddit.com/r/dogecoin/comments/207hfb/ann_dogecoin16_its_ready_all_you_need_to_know/).\n\nThe purpose of this algo was to stop multipools from literally dumping on everyone who was genuinely interested in/mining the coin. The market cap increased by about 10% immediately after launch, because who tf likes getting dumped on?\n\nWell, nobody. But people sure do like dumping on you! Later in my journey, [I had to whistleblow on my then-employer, who rugpulled millions from investors](https://www.reddit.com/r/dogecoin/comments/2jnhxt/this_is_the_person_i_know_as_ryan_kennedy_and_my/). That was expensive, and a harsh lesson learned in not trusting people in crypto. So, uh, following that then, I trusted cryptsy with all my coins - [who "got hacked", claiming all the coins were now gone](https://www.coindesk.com/cryptsy-bankruptcy-millions-bitcoin-stolen).\n\nAfter that, I stepped out of crypto. Everything felt like a rug-pull.\n\nAnyway, enter recent history - when I remembered that myself and the Digibyte devs did a Doge/DGB exchange after we worked together. I found the DGB wallet on an old HDD, which had matured to an amount that made crypto worth jumping back into.\n\n--\n\nSea of Memes\n--\n\nSo, le...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.08% on Saturday. Following a 0.71% gain on Friday, Bitcoin ended the day at $58,079.0.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $57,800.0 before making a move.\nSteering clear of the first major support level at $56,391 Bitcoin rallied to an early afternoon intraday high $60,000.0.\nBitcoin broke through the first major resistance level at $59,594 before Sliding back to end the day at sub-$58,100 levels.\nThe near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nRipple’s XRPjumped by 12.62% to lead the way on the day.\nBinance Coin(+0.47%) andLitecoin(+0.14%) also joined Bitcoin in the green.\nIt was a bearish day for the rest of the majors, however.\nCardano’s ADAslid by 7.33% to lead the way down.\nBitcoin Cash SV(-4.63%),Chainlink(-0.62%),Crypto.com Coin(-3.12%),Ethereum(-0.14%), and Polkadot (-2.59%) also saw red.\nIn the current week, the crypto total market fell to a Tuesday low $1,593bn before rising to a Saturday high $1,839bn. At the time of writing, the total market cap stood at $1,749bn.\nBitcoin’s dominance rose to a Monday high 63.03% before falling to a Saturday low 60.83%. At the time of writing, Bitcoin’s dominance stood at 61.72%.\nAt the time of writing, Bitcoin was down by 0.49% to $57,797.0. A bearish start to the day saw Bitcoin fall from an early morning high $58,064.0 to a low $57,731.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nChainlink bucked the trend early on, rising by 0.03%.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was down by 6.65% to lead the way down.\nBitcoin would need to move through the pivot level at $58,626 to bring the first major resistance level at $59,453 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $59,000 levels.\nBarring an extended crypto rally, the first major resistance level and Saturday’s high $60,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at last Sunday’s new swing hi $61,699.0. The second major resistance level sits at $60,826.\nFailure to move through the $58,626 pivot would bring the first major support level at $57,253 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of sub-$56,500 levels. The second major support level sits at $56,426.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Price Forecast – Stock Markets Choppy on Quad Witching Friday\n• Crude Oil Price Forecast – Crude Oil Markets Stabilize\n• Silver Weekly Price Forecast – Silver Markets Stall Again\n• European Equities: A Week in Review – 19/03/21\n• Silver Price Forecast – Silver Markets Quiet Yet Again\n• The Weekly Wrap – Monetary Policy, Economic Data, and COVID-19 Dictated Market Direction', 'Bitcoin , BTC to USD, rose by 0.08% on Saturday. Following a 0.71% gain on Friday, Bitcoin ended the day at $58,079.0. A bearish start to the day saw Bitcoin fall to an early morning intraday low $57,800.0 before making a move. Steering clear of the first major support level at $56,391 Bitcoin rallied to an early afternoon intraday high $60,000.0. Bitcoin broke through the first major resistance level at $59,594 before Sliding back to end the day at sub-$58,100 levels. The near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Ripple’s XRP jumped by 12.62% to lead the way on the day. Binance Coin (+0.47%) and Litecoin (+0.14%) also joined Bitcoin in the green. It was a bearish day for the rest of the majors, however. Cardano’s ADA slid by 7.33% to lead the way down. Bitcoin Cash SV (-4.63%), Chainlink (-0.62%), Crypto.com Coin (-3.12%), Ethereum (-0.14%), and Polkadot (-2.59%) also saw red. In the current week, the crypto total market fell to a Tuesday low $1,593bn before rising to a Saturday high $1,839bn. At the time of writing, the total market cap stood at $1,749bn. Bitcoin’s dominance rose to a Monday high 63.03% before falling to a Saturday low 60.83%. At the time of writing, Bitcoin’s dominance stood at 61.72%. This Morning At the time of writing, Bitcoin was down by 0.49% to $57,797.0. A bearish start to the day saw Bitcoin fall from an early morning high $58,064.0 to a low $57,731.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Chainlink bucked the trend early on, rising by 0.03%. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 6.65% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $58,626 to bring the first major resistance level at $59,453 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $59,000 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s high $60,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at last Sunday’s new swing hi $61,699.0. The second major resistance level sits at $60,826. Failure to move through the $58,626 pivot would bring the first major support level at $57,253 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$56,500 levels. The second major support level sits at $56,426. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Price Forecast – Stock Markets Choppy on Quad Witching Friday Crude Oil Price Forecast – Crude Oil Markets Stabilize Silver Weekly Price Forecast – Silver Markets Stall Again European Equities: A Week in Review – 19/03/21 Silver Price Forecast – Silver Markets Quiet Yet Again The Weekly Wrap – Monetary Policy, Economic Data, and COVID-19 Dictated Market Direction', 'NEW YORK, NY / ACCESSWIRE / March 20, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you. Multiplan Corporation F/K/A Churchill Capital Corp. Iii (NYSE:MPLN) If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/multiplan-corporation-f-k-a-churchill-capital-corp-iii-loss-submission-form?prid=13889&wire=1 Lead Plaintiff Deadline: April 26, 2021 Class Period: July 12, 2020 - November 10, 2020 Allegations against MPLN include that: (a) MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan\'s largest customers, UnitedHealthcare, which threatened up to 35% of the Company\'s sales and 80% of its levered cash flows by 2022; (b) sales and revenue declines in the quarters leading up to the Merger were not due to "idiosyncratic" customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan\'s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; (c) MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan\'s services and balanced billing practices, causing the Company\'s to cut its take rate by up to half in some cases; (d) as a result of (a)-(c) above, MultiPlan was set to continue to suffer from revenues and earnings declines, increased competition and deteriorating pricing dynamics following the Merger; (e) as a result of (a)-(d) above, MultiPlan was forced to seek continued revenue growth and to improve its competitive positioning through pricey acquisitions, including through the purchase of HST for $140 million at a premium price from a former MultiPlan executive only one month after the Merger; and (f) as a result of (a)-(e) above, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan\'s business was worth far less than represented to investors. Story continues Renewable Energy Group, Inc. (NASDAQ:REGI) If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/renewable-energy-group-inc-loss-submission-form?prid=13889&wire=1 Lead Plaintiff Deadline: May 3, 2021 Class Period: May 3, 2018 - February 25, 2021 Allegations against REGI include that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company\'s customers; (2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) as a result, Renewable Energy\'s revenue and net income were overstated for certain periods; (4) there was a material weakness in the Company\'s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) as a result of the foregoing, Defendants\' positive statements about the Company\'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Lordstown Motors Corp (NASDAQ:RIDE) If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/lordstown-motors-corp-loss-submission-form?prid
**Last 60 Days of Bitcoin's Closing Prices:**
[35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-21
**Financial & Commodity Data:**
- Gold Closing Price: $1741.40
- Crude Oil Closing Price: $61.42
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,087,720,562,250
- Hash Rate: 169563074.61598912
- Transaction Count: 234936.0
- Unique Addresses: 612850.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: According to a report from trading app Robinhood, six million new users bought cryptocurrencies in 2021 alone.
What Happened:The reporttitled“Crypto Goes Mainstream” reveals that January alone saw 3 million new crypto users, and the month of February brought in over 2.9 million more.
This is a significant increase from last year, where the largest month saw only 401,000 new crypto customers, and the yearly average was around 200,000 new customers trading on Robinhood Crypto.
Despite the new surge in crypto interest, Robinhood Crypto’s users have maintained a fairly low transaction size – the average being $500 dollars.
According to Robinhood, this is a trend similar to previous years where transaction sizes per month typically fluctuated between $200 and $750.
“The numbers are clear: 2021 has started with a crypto bang,” said Robinhood. The trading platform currently offers seven tradeable cryptocurrencies, including Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.
Why It Matters:Robinhood has been the focal point of much of the controversy surrounding last month’s GME incident.
The trading platform was heavily criticized for its decision to suspend trading of GME shares and Dogecoin after Reddit group r/WallStreetBets successfully pumped their prices up with an army of retail investors.
Robinhood CEO Vlad Tenev blamed its collateralization issues with U.S. Securities and Exchange Commission as the reason behind the platform’s decision to suspend trading.
These new statistics indicate that despite all the criticism received, Robinhood appears to have remained a popular platform to trade cryptocurrencies.
Image:3844328via Pixabay
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• Bitcoin Uses More Electricity Than Any Method Known To Mankind, Says Bill Gates
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['New York, New York--(Newsfile Corp. - March 21, 2021) - Pomerantz LLP announces that a class action lawsuit has been filed against Renewable Energy Group, Inc. ("Renewable Energy" or the "Company") (NASDAQ: REGI) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-02244, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Renewable Energy securities between May 3, 2018 and February 25, 2021, inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act").\nIf you are a shareholder who purchased Renewable Energy securities during the Class Period, you have until May 3, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained atwww.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby [email protected] 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.\n[Click here for information about joining the class action]\nRenewable Energy provides clean, low carbon transportation fuels. It is North America\'s largest producer of advanced biofuels.\nThe biodiesel tax credit ("BTC") is a federal biodiesel mixture excise tax credit whereby the first person to blend pure biomass-based diesel with petroleum-based diesel fuel receives a $1.00-per-gallon refundable tax credit. It is an incentive shared across the advanced biofuel production and distribution chain through routine, daily trading and negotiation. The BTC was first implemented on January 1, 2005 but has been allowed to lapse and then been reinstated, sometimes retrospectively. In February 2018, the BTC was retroactively reinstated for 2017, but was not reinstated for 2018. In December 2019, the BTC was retroactively reinstated for 2018 and 2019 and made effective from January 2020 through December 2022.\nThe complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company\'s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company\'s customers; (2) that, as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) that, as a result, Renewable Energy\'s revenue and net income were overstated for certain periods; (4) that there was a material weakness in the Company\'s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) that, as a result of the foregoing, Defendants\' positive statements about the Company\'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.\nOn February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate "$38.2 million in cumulative revenue from January 2018 through September 30, 2020" because Renewable Energy was not the "proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020." Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service "on a $40.5 million assessment, excluding interest" to correct these claims.\nOn this news, the Company\'s share price fell $8.17, or 9.5%, over two consecutive trading sessions to close at $77.77 per share on February 26, 2021, on unusually heavy trading volume.\nThe Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. Seewww.pomerantzlaw.com\nCONTACT:Robert S. WilloughbyPomerantz [email protected] ext. 7980\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/78078', 'New York, New York--(Newsfile Corp. - March 21, 2021) - Pomerantz LLP announces that a class action lawsuit has been filed against Renewable Energy Group, Inc. ("Renewable Energy" or the "Company") (NASDAQ: REGI) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-02244, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Renewable Energy securities between May 3, 2018 and February 25, 2021, inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act"). If you are a shareholder who purchased Renewable Energy securities during the Class Period, you have until May 3, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com . To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action] Renewable Energy provides clean, low carbon transportation fuels. It is North America\'s largest producer of advanced biofuels. The biodiesel tax credit ("BTC") is a federal biodiesel mixture excise tax credit whereby the first person to blend pure biomass-based diesel with petroleum-based diesel fuel receives a $1.00-per-gallon refundable tax credit. It is an incentive shared across the advanced biofuel production and distribution chain through routine, daily trading and negotiation. The BTC was first implemented on January 1, 2005 but has been allowed to lapse and then been reinstated, sometimes retrospectively. In February 2018, the BTC was retroactively reinstated for 2017, but was not reinstated for 2018. In December 2019, the BTC was retroactively reinstated for 2018 and 2019 and made effective from January 2020 through December 2022. Story continues The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company\'s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company\'s customers; (2) that, as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) that, as a result, Renewable Energy\'s revenue and net income were overstated for certain periods; (4) that there was a material weakness in the Company\'s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) that, as a result of the foregoing, Defendants\' positive statements about the Company\'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate "$38.2 million in cumulative revenue from January 2018 through September 30, 2020" because Renewable Energy was not the "proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020." Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service "on a $40.5 million assessment, excluding interest" to correct these claims. On this news, the Company\'s share price fell $8.17, or 9.5%, over two consecutive trading sessions to close at $77.77 per share on February 26, 2021, on unusually heavy trading volume. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com CONTACT: Robert S. Willoughby Pomerantz LLP [email protected] 888-476-6529 ext. 7980 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78078', 'Bitcoin, BTC to USD, fell by 1.20% on Sunday. Reversing a 0.08% gain from Saturday, Bitcoin ended the we
**Last 60 Days of Bitcoin's Closing Prices:**
[30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-22
**Financial & Commodity Data:**
- Gold Closing Price: $1737.80
- Crude Oil Closing Price: $61.55
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,067,273,137,650
- Hash Rate: 164128360.68598944
- Transaction Count: 297410.0
- Unique Addresses: 781908.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.70
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A new Bitcoin-facing startup, Moon , just launched a way for its users to buy everyday goods and services using the Lightning Network at any Visa-enabled e-commerce site based in the U.S. Shared exclusively with CoinDesk, the startup revealed the new payment option today. The Moon browser extensions latest feature allows its users to pay for purchases using a Visa prepaid card which they purchase on the extension using Bitcoins Lightning Network. Once purchased, this card is immediately used as the payment option at checkout. Upon checking out, the user employs the Moon browser extension to instantly generate a prepaid card for the exact amount of the purchase. The browser extension generates a Lightning invoice, which the user pays from any Lightning wallet. and then they can use the card to pay for the items in their cart. Related: The Hash: Congress Seeks Crypto Clarity, Gronk Gets Into NFT Game and More (Video) These cards can only be used once and have no fees. Moon also integrates with Coinbase so users of both can pay for the cards directly from their Coinbase accounts onchain. The payment solution is the latest Bitcoin startup to combine traditional payment rails with Bitcoins Lightning Network, a bleeding-edge technology stack that facilitates instant, low-fee transactions. Weve been working with the Visa Fintech team and their network of partners to build Moon. Since the vast majority of merchants dont accept Bitcoin payments, sending payments over the Visa network is the best option due to its ubiquity, Moon Founder and CEO Ken Kruger told CoinDesk. Related: Women Arent Into Crypto. Look Around, Dude Visa has provided us with access to the Visa network, world-class expertise and the best financial partners to bring Moons Bitcoin payment solution to market. Visa Fast Track meets bitcoin Over the past year, Visa has been generous with this expertise and network access to help bring Bitcoin and, more specifically, Lightning-focused business to their next phases of product development through its Fintech Fast Track program . Story continues Notably, Visa has been involved in Jack Mallers Strike , a Lightning Network-powered Venmo alternative that can settle cross border-payments. The payment company has also helped Fold launch its bitcoin rewards debit card. Others like eToro and BlockFi are following suit by launching their own bitcoin rewards debit and credit cards through the program. These products can complement each other and ultimately strengthen Bitcoins burgeoning payments technologies. Something like Strike, for instance, could easily be used to pay the Lightning invoice that pays for Moons prepaid cards. Related Stories Bitcoin Startup Moon Brings the Lightning Network to All Visa E-Commerce Merchants Bitcoin Startup Moon Brings the Lightning Network to All Visa E-Commerce Merchants...
- Reddit Posts (Sample): [['u/cfcm5', '$HUT $BITF $HIVE $RIOT $MARA - A Quick Comp Analysis of Cryptocurrency Miners', 96, '2021-03-22 00:09', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/', "# Summary\n\nThis is a quick look at a few Canadian and US based crypto mining companies based on market cap and their capability to mine crypto. It looks at overall market cap between these companies and then looks at the ratio of current market cap compared to current mining rates and future mining rates. This is a very simplified view but essentially mining capability = revenue.\n\n**Notes to Keep in Mind:**\n\n* This does not take into account what these miners are doing with the crypto (hold or sell).\n* This doesn’t account for the crypto they are mining for (Bitcoin vs Ethereum).\n* This does not factor in the costs of running a mining operation or other factors.\n* There are a number of other mining operations out there I just chose a few that I was aware of.\n\n# Data Table\n\nhttps://preview.redd.it/1fp5zfmwrjo61.png?width=1007&format=png&auto=webp&s=4c3e8bb50696a6efc440f59ab6df4ac3dc99f0d7\n\n# Current Market Cap\n\nhttps://preview.redd.it/symd34d12ho61.png?width=540&format=png&auto=webp&s=c946874e8690c667ee2bccd8337c2f21838dee4f\n\n# Current and Future Capabilities\n\nhttps://preview.redd.it/z496tbd1nho61.png?width=542&format=png&auto=webp&s=60ec98b0e8bf905ce8285180d14b98dc9c7aaa3f\n\nCurrent and future capabilities source (note: these may not be 100% accurate as there were multiple press releases talking about current and future capacity)\n\n* HUT8 – [here](https://www.newswire.ca/news-releases/hut-8-finalizes-11-8-million-equipment-financing-loan-from-dcg-subsidiary-foundry-849641799.html)\n* Bitfarms – [here](https://www.globenewswire.com/news-release/2021/02/18/2177874/0/en/Bitfarms-Operating-Hashrate-to-Grow-35-to-Over-1-3-EH-s-with-the-Delivery-of-4-500-Miners-From-MicroBT.html)\n* Hive – [here](https://hiveblockchain.com/news/hive-blockchain-surpasses-its-bitcoin-mining-capacity-goal-of-2000-phs-for-2021-to-a-new-level-of-2474-phs-or-2474-ehs/)\n* RIOT- [here](https://www.riotblockchain.com/bitcoin-mining) \\- updated rates [here](https://www.nasdaq.com/articles/1-question-im-trying-to-answer-about-riot-blockchain-2021-03-06)\n* MARA - [here](https://www.nasdaq.com/articles/marathon-patent-group-to-receive-4000-new-bitcoin-mining-rigs-from-bitmain-2021-02-01) updated [here](https://finance.yahoo.com/news/marathon-digital-frontrunner-bitcoin-mining-182253178.html)\n\n# Market Cap to PH/S\n\n&#x200B;\n\nhttps://preview.redd.it/fk0a2ji2nho61.png?width=538&format=png&auto=webp&s=459cf28c33c2b343bc9741eb353f0edfd5e75ec5\n\n**Initial Thoughts**\n\n* The US based miners seem overvalued, even when they get new capacity up and running, compared to the Canadian mining operations. I would assume this is due to being listed on OTCs in the US and Canadian Exchanges to less exposure to major capital markets.\n* I would like to look more closely at the Canadian operations, especially ones that are planning to be listed on a major US exchange.\n\n**TLDR**: Quick analysis of crypto miners based on market cap and mining capabilities. Canadian miners look undervalued when compared to US miners (based on the simple metrics I used).\n\nIf you're interested you can check out the platform my friend and I built to share and track investment ideas [here](https://info.utradea.com/)\n\n**Disclosure** \\- I currently do not own shares in any of these companies.\n\n\\* Updated market cap to USD for Canadian companies\n\n\\*\\* Updated Has rates based on comments - if someone has an up to date list that would be great", 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/', 'ma8psg', [['u/RewtDooDoo', 39, '2021-03-22 00:15', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grr3tqu/', 'HUT8 and BITF are both actively applying for NASDAQ uplisting, I have positions in both. BITF will have an impressive hash rate and HUT hodls over 3K bitcoin. Earnings call on Thursday for both as well', 'ma8psg'], ['u/kaoskreator', 14, '2021-03-22 00:46', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grr7les/', 'HUT 8 is positioned best with their 3000 bitcoin.. second only to MARA.. they are already using it as collateral to take loans! Would love to see the miners that just began holding do this with their pittances of BTC.\n\nAlso BITF announcing their ER same date/time as HUT.. they scared HUT is going to get all their investor friends to hop on over (pro tip: they should)', 'ma8psg'], ['u/Coffin-Feeder', 19, '2021-03-22 00:47', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grr7mol/', 'Also on YouTube or Twitter a guy that goes by Blonity does some great daily analysis of miners and defi stocks. If you’re interested in more stuff like this.', 'ma8psg'], ['u/manburgger', 17, '2021-03-22 00:56', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grr8phn/', 'You left the Canadian miners market caps in CAD instead of converting to USD (US miners market caps are in USD). So the Canadian miners are even more cheap compared to US miners than what your data shows', 'ma8psg'], ['u/12REJ12', 10, '2021-03-22 01:03', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grr9gtw/', 'Yes Blonity is on point and posted an updated miner comparison today', 'ma8psg'], ['u/24in6ix', 15, '2021-03-22 01:25', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grrby81/', 'HIVE 🚀🚀🚀', 'ma8psg'], ['u/Devilsfan1973', 12, '2021-03-22 01:25', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grrc1du/', 'HUT8 🚀\n\nAlso had BITF before but sold when it hit $8.5.', 'ma8psg'], ['u/aimbert', 19, '2021-03-22 01:35', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grrd7dn/', 'HUT8 has smart management and great strategic advantage when it comes to power supply. Few catalysts coming up—Long $HUTMF⚡️', 'ma8psg'], ['u/Enough_Opportunity75', 10, '2021-03-22 02:04', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grrgqif/', 'Dmgi thoughts?', 'ma8psg'], ['u/jedinachos', 11, '2021-03-22 04:29', 'https://www.reddit.com/r/Baystreetbets/comments/ma8psg/hut_bitf_hive_riot_mara_a_quick_comp_analysis_of/grrwn19/', 'Hut 8 has the advantage of being in the lovely cold as fuk Alberta Canada. Mining computers like that. They (Hut 8) also just recently worked out a deal to use previously wasted flare gas from oil patch developments - to power the bitcoin miners....Very smart.', 'ma8psg']]], ['u/ALtBitKing', 'Once in a lifetime opportunity or what?', 21, '2021-03-22 00:09', 'https://www.reddit.com/r/Bitcoin/comments/ma8qbo/once_in_a_lifetime_opportunity_or_what/', 'I feel like bitcoin is one of those once in a lifetime opportunity’s that we currently have and not only Have the responsibility to ook into the near future for our familiesbut those of our future generations. Although we all know there’s no crystal ball to look into the future, those of us who have been involved in cryptocurrency’s early on I believe are beginning to feel as if we had the correct assumptions in understandings all along...As much of an unproven risk as it was. That being said, do many of you find that both family and friends still think you are crazy for not cashing in on your achievements now? I’ve been a long-term Holder and I plan on continuing that projectory. I just feel that many of these naysayers are missing out on what could be and most likely will be a great future for them in their future generations as well as what will most likely be One of the top two recognized currencies in the world within the next 10 years. I am not here to predict anything but I’m just looking for other peoples opinions and how their families and friends are reacting to your decisions in cryptocurrency, specifically bitcoin. \nIf nothing else, those of us who entered early on and rode the waves have gotten the coin to a point now that confidence has obviously grown to a level where large industry and corporations are now intrigued. If nothing else this should limit the nervousness of the new crypto investor.', 'https://www.reddit.com/r/Bitcoin/comments/ma8qbo/once_in_a_lifetime_opportunity_or_what/', 'ma8qbo', [['u/Krezmit', 33, '2021-03-22 00:36', 'https://www.reddit.com/r/Bitcoin/comments/ma8qbo/once_in_a_lifetime_opportunity_or_what/grr6a9r/', 'I worked with a guy several years back who was a nutcase. He was smart and a hard worker, but bat shit crazy. We’d talk politics and all sorts of bs. He’d start talking about mining Bitcoin and I couldn’t wrap my head around it. Must have been 2011-14 or so. I was one of those who thought it was a gimmick. Also I was a new father and trying to do the best I could for providing for my family, and the sorts.\n\nThere’s almost not a day that goes by I don’t feel like a moron for not doing my own research on it then, and giving it, it’s due diligence. Now all I am doing is trying to stack sats and get enough that I can still potentially retire early in life. \n\nNicktard, if you’re out there...I should have listened.', 'ma8qbo'], ['u/darkbarf', 12, '2021-03-22 01:09', 'https://www.reddit.com/r/Bitcoin/comments/ma8qbo/once_in_a_lifetime_opportunity_or_what/grra5q4/', 'Hit enter twice for paragraph', 'ma8qbo']]], ['u/throwawayrandom13426', "I'm sick of it", 57, '2021-03-22 00:22', 'https://www.reddit.com/r/Buttcoin/comments/ma8zsh/im_sick_of_it/', 'I like Bitcoin as...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Speaking to Time magazine,MicroStrategy Incorporated Inc(NASDAQ:MSTR)’s CEO Michael Saylorsaidone of his tweets played a pivotal role in Tesla’s $1.5 billion investment inBitcoin(CRYPTO: BTC).\nWhat Happened:On Dec. 20, after Musktweetedyet another crypto meme, MicroStrategy CEOreplied, suggesting to “convert the TSLA balance sheet from USD to BTC,” which would be "a $100 billion favor" to Tesla\'s shareholders.\nTesla CEO responded asking whether such large transactions are even possible. Saylor said he would be happy to share his experience buying $1.3 billion worth of bitcoin offline with Musk.\nThat was the turning point, according to Saylor. But he did not disclose whether he did actually speak to Musk in person, despite the reporter\'s numerous attempts.\n“I can’t comment on any conversation I would have with another public-company officer. It’s against business etiquette,” he insisted. “It’s not appropriate business decorum,” Saylor added after the reporter pointed out that the Security and Exchange Commission does not bar disclosures like that.\nWhat he is sure about is that the Twitter exchange did impact Musk’s decision.\nWhy It Matters:The business intelligence company executive says that Tesla’s $1.5 billion investment in Bitcoin was “an inflection point” and shifted a narrative about the crypto industry.\n“All of a sudden, the narrative goes from “Those crazy people, what are they thinking, speculating in Bitcoin?” to “Maybe this is a real thing. This is probably not going away. Let’s try to figure out how to think about it,” he said to Time.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Elon Musk\'s Tweet About Selling NFTs Song As NFT Gets 0,000 Bid\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Speaking to Time magazine,MicroStrategy Incorporated Inc(NASDAQ:MSTR)’s CEO Michael Saylorsaidone of his tweets played a pivotal role in Tesla’s $1.5 billion investment inBitcoin(CRYPTO: BTC).\nWhat Happened:On Dec. 20, after Musktweetedyet another crypto meme, MicroStrategy CEOreplied, suggesting to “convert the TSLA balance sheet from USD to BTC,” which would be "a $100 billion favor" to Tesla\'s shareholders.\nTesla CEO responded asking whether such large transactions are even possible. Saylor said he would be happy to share his experience buying $1.3 billion worth of bitcoin offline with Musk.\nThat was the turning point, according to Saylor. But he did not disclose whether he did actually speak to Musk in person, despite the reporter\'s numerous attempts.\n“I can’t comment on any conversation I would have with another public-company officer. It’s against business etiquette,” he insisted. “It’s not appropriate business decorum,” Saylor added after the reporter pointed out that the Security and Exchange Commission does not bar disclosures like that.\nWhat he is sure about is that the Twitter exchange did impact Musk’s decision.\nWhy It Matters:The business intelligence company executive says that Tesla’s $1.5 billion investment in Bitcoin was “an inflection point” and shifted a narrative about the crypto industry.\n“All of a sudden, the narrative goes from “Those crazy people, what are they thinking, speculating in Bitcoin?” to “Maybe this is a real thing. This is probably not going away. Let’s try to figure out how to think about it,” he said to Time.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Elon Musk\'s Tweet About Selling NFTs Song As NFT Gets 0,000 Bid\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Speaking to Time magazine, MicroStrategy Incorporated Inc (NASDAQ: MSTR )’s CEO Michael Saylor said one of his tweets played a pivotal role in Tesla’s $1.5 billion investment in Bitcoin (CRYPTO: BTC). What Happened: On Dec. 20, after Musk tweeted yet another crypto meme, MicroStrategy CEO replied , suggesting to “convert the TSLA balance sheet from USD to BTC,” which would be "a $100 billion favor" to Tesla\'s shareholders. If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC . Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor. — Michael Saylor (@michael_saylor) December 20, 2020 Tesla CEO responded asking whether such large transactions are even possible. Saylor said he would be happy to share his experience buying $1.3 billion worth of bitcoin offline with Musk. Yes. I have purchased over $1.3 billion in #BTC in past months & would be happy to share my playbook with you offline - from one rocket scientist to another. — Michael Saylor (@michael_saylor) December 20, 2020 That was the turning point, according to Saylor. But he did not disclose whether he did actually speak to Musk in person, despite the reporter\'s numerous attempts. “I can’t comment on any conversation I would have with another public-company officer. It’s against business etiquette,” he insisted. “It’s not appropriate business decorum,” Saylor added after the reporter pointed out that the Security and Exchange Commission does not bar disclosures like that. What he is sure about is that the Twitter exchange did impact Musk’s decision. Why It Matters: The business intelligence company executive says that Tesla’s $1.5 billion investment in Bitcoin was “an inflection point” and shifted a narrative about the crypto industry. “All of a sudden, the narrative goes from “Those crazy people, what are they thinking, speculating in Bitcoin?” to “Maybe this is a real thing. This is probably not going away. Let’s try to figure out how to think about it,” he said to Time. See more from Benzinga Click here for options trades from Benzinga Elon Musk\'s Tweet About Selling NFTs Song As NFT Gets 0,000 Bid © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments', "The price of BitTorrent token rallied 103% in the past seven days to reach a new all-time high of $0.003902, according to data fromCoinMarketCap.\nWhat Happened:The majority of the coin’s sudden surge in price took place over the weekend, as the past two days alone accounted for a price surge of 80%.\nBitTorrent is a peer-to-peer (P2P) file sharing and torrent platform that was first created in 2001. In 2018, it was purchased by the blockchain platform Tron for $120 million, and a dedicated native cryptocurrency, BTT, was launched on the Tron blockchain.\nBTT has a maximum supply of 990 billion tokens, of which 19% of its total supply has been allocated to the BitTorrent team, and 20% lies with the Tron Foundation.\nWhy It Matters:Unlike most cryptocurrency tokens that are built on top of the Ethereum’s token standard called “ERC-20”, BitTorrent’s BTT token is a “TRC-20” token utilizing the token standard of the Tron blockchain.\nBTT is utilized by service providers to distribute content and by users to pay for decentralized storage services.\nSince its launch, BTT has largely traded sideways and did not witness any significant price movements except for a brief pump following a call from Reddit community r/SatoshiStreetBets to “pump the coin’s price.”\nThis week’s price surge is likely to have been fuelled by large holders influencing the direction of BTT’s price movement.\nWhile most traders took profits at this level, some are stillholdingtheir tokens in anticipation of an impending token burn leading to another bullish rally.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Harmony Protocol's ONE Token Rallies 700% In March, Ethereum Devs Say It Violated Software Licences\n• 'Wolf Of Wall Street' Says He Was Wrong About Bitcoin, Predicts Price Will Reach 0K\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "The price of BitTorrent token rallied 103% in the past seven days to reach a new all-time high of $0.003902, according to data from CoinMarketCap . What Happened: The majority of the coin’s sudden surge in price took place over the weekend, as the past two days alone accounted for a price surge of 80%. Massive #BTT Pump 81.3% pump in 24 hours and 131.6% in 7 days! Go, $BTT , go!!! pic.twitter.com/7txI5OymBJ — BitTorrent Inc. (@BitTorrent) March 20, 2021 BitTorrent is a peer-to-peer (P2P) file sharing and torrent platform that was first created in 2001. In 2018, it was purchased by the blockchain platform Tron for $120 million, and a dedicated native cryptocurrency, BTT, was launched on the Tron blockchain. BTT has a maximum supply of 990 billion tokens, of which 19% of its total supply has been allocated to the BitTorrent team, and 20% lies with the Tron Foundation. Why It Matters: Unlike most cryptocurrency tokens that are built on top of the Ethereum’s token standard called “ERC-20”, BitTorrent’s BTT token is a “TRC-20” token utilizing the token standard of the Tron blockchain. BTT is utilized by service providers to distribute content and by users to pay for decentralized storage services. Since its launch, BTT has largely traded sideways and did not witness any significant price movements except for a brief pump following a call from Reddit community r/SatoshiStreetBets to “pump the coin’s price.” This week’s price surge is likely to have been fuelled by large holders influencing the direction of BTT’s price movement. While most traders took profits at this level, some are still holding their tokens in anticipation of an impending token burn leading to another bullish rally. Story continues See more from Benzinga Click here for options trades from Benzinga Harmony Protocol's ONE Token Rallies 700% In March, Ethereum Devs Say It Violated Software Licences 'Wolf Of Wall Street' Says He Was Wrong About Bitcoin, Predicts Price Will Reach 0K © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'Bitcoin stabilized near $54,000 early Tuesday after posting its worst daily loss in almost a month
**Last 60 Days of Bitcoin's Closing Prices:**
[33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-23
**Financial & Commodity Data:**
- Gold Closing Price: $1724.70
- Crude Oil Closing Price: $57.76
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,018,385,681,062
- Hash Rate: 174997788.54598877
- Transaction Count: 314234.0
- Unique Addresses: 810265.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.66
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • Bitcoin(BTC) trading around $57,745.58 as of 20:00 UTC (4 p.m. ET). Climbing 3.68% over the previous 24 hours.
• Bitcoin’s 24-hour range: $54,201.70-$58,078.51 (CoinDesk 20)
• BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.
Bitcoin’s price flipped to green after Federal Reserve officials on Wednesday reaffirmed their expectations to keepinterest rates close to zero at least through 2023, potentially bolstering the cryptocurrency’s appeal as a hedge against faster inflation.
As of press time, bitcoin was changing hands around $58,000, up from about $55,500 just before the Fed announced its decision around 18:00 coordinated universal time (2 p.m. ET).
The price has doubled this year, partly because of demand from institutional investors who are looking for an asset that might hold its worth if the dollar’s purchasing power declines. Central banks around the world have pumped trillions of dollars of freshly created money into global financial markets to stimulate their coronavirus-wrecked economies.
Related:Kentucky Approves Bills Providing Incentives for Crypto Miners
Wall Street firmMorgan Stanley’s wealth management unit on Wednesday published a research report arguing the “threshold is being reached” for cryptocurrency to become an investable asset class. On the same day, Morgan Stanleysaid it will offerits clients exposure to three bitcoin funds, while Hong Kong-listed software firm Meitu made additionalinvestmentsin bitcoin and ether.
“This is a bullish step to further awareness and acceptance of bitcoin, and shows the organic underlying demand as investors look to seek alternatives to existing investment classes,” said Jason Lau, chief operating officer at San Francisco-based crypto exchange OKCoin.
Read More:Morgan Stanley Sees Cryptocurrencies on Path to Investable Asset Class
Ether(ETH) was up on Wednesday, trading around $1,824.79 and climbing 2.24% in 24 hours as of 20:00 UTC (4:00 p.m. ET).
Related:Crypto Lender Hodlnaut Teams With Insurance Alternative Nexus Mutual
“Ether and bitcoin are still moving tightly together,” OKCoin’s Lau said.
At the same time, the number of BTC locked in the Ethereum blockchain saw a sharp rise on Wednesday after dropping for more than a month, according to data from DeFi Pulse.
“The hypergrowth that markets exhibited earlier in the year, especially with ether, appears on the surface to have subsided, but the reality could not be any different,” Denis Vinokourov, head of research at trading sentiment data provider Trade the Chain, said. “Specifically, the number of bitcoin locked on Ethereum continues to rise and much of this capital eventually lands across the DeFi ecosystem.”
A handful of lesser digital assets rose sharply Wednesday after Grayscale announcedplans for new trustslinked to Chainlink’sLINK, Decentraland’s MANA and a handful of others. (Digital Currency Group is the parent of Grayscale and CoinDesk and an investor in Decentraland.)
Bitcoin’s temporary failure to move higher since Saturday’s all-time high may have also pushed some investors and traders to alternative cryptocurrencies.
“While this might be unexciting for bitcoin traders, it has ether traders licking their lips at the prospect of the leading altcoin regaining some market share,” Adam James, senior editor at OKEx Insights, said. “Likewise, traders will also be looking for altcoins and DeFi governance tokens to capitalize on a bitcoin consolidation.”
Read More:LINK, MANA Token Prices Spike as Grayscale Unveils New Trusts
Digital assets on theCoinDesk 20are mostly in green Wednesday. Notable winners as of 20:00 UTC (4:00 p.m. ET):
• kyber network(KNC) + 27.23%
• chainlink(LINK) + 12.43%
• tezos(XTZ) + 10.67%
• omg network(OMG) + 8.56%
• orchid(OXT) + 4.23%
Notable losers:
• cosmos(ATOM) – 3.1%
Equities:
• Asia’s Nikkei 225 closed lower by 0.023%.
• The FTSE 100 in Europe closed in the red 0.60%.
• The S&P 500 in the United States went up by 0.29%.
Commodities:
• Oil was down 0.26%. Price per barrel of West Texas Intermediate crude: $64.63.
• Gold was in the green 0.79% and at $1745.03 as of press time.
Treasurys:
• The 10-year U.S. Treasury bond yield climbed Wednesday in the green 1.64%.
• Market Wrap: Bitcoin Near $58K on Fed Pledge to Keep Loose Policy
• Market Wrap: Bitcoin Near $58K on Fed Pledge to Keep Loose Policy...
- Reddit Posts (Sample): [['u/WilfredCoinfomania', 'Bitcoin Dumps to Prices Last Seen Since .... Checks Chart... Last Week', 1385, '2021-03-23 00:02', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/', "At the time of writing, Bitcoin trades around $54,400 having climbed as high as $58,400 earlier in the day. Right now, I see some new people panicking, and some asking whether the bull run is over. \n\nWhen in doubt, zoom out. \n\n&#x200B;\n\n[Bitcoin Historical Chart](https://preview.redd.it/7177cl0dtno61.png?width=808&format=png&auto=webp&s=74d847099fac161995b177e0bc1dac5f9b3a6fe2)\n\nFor one thing, the current dip is only a blip on the chart and will only require a few green candles to put it back where it belongs. For some context, Bitcoin traded at exactly the same price last week and even dipped just below $54,000.\n\nFor the long-term, take a look at where 2017's epic $20,000 bull run is, and you'll understand that this is a long-term game\n\nIf you're worried about today's dip, then there's a chance that you're over-leveraged. Only invest an amount you can afford to lose. That way you can enjoy Bitcoin's rollercoaster ride en route to the top.\n\nGiven that the last run gave us five-digit BTC, there's a chance we'll see a six-figure BTC price by the end of this cycle. Don't trade that for a $4,000 price dip.\n\nHODL on!", 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/', 'mb0fy1', [['u/brit-coin', 197, '2021-03-23 00:03', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grv81sk/', 'When feeling cocky, zoom in', 'mb0fy1'], ['u/Agakame', 20, '2021-03-23 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grv8dde/', "People forget that they shouldn't invest money that they need. Otherwise it will be impossible to survive a bear market in crypto, because dips like this really are nothing.", 'mb0fy1'], ['u/big_fetus_', 23, '2021-03-23 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grv8f7z/', 'i couldnt resist a bit of panic buying at 54.5k, just the 2nd smallest buy possible on square. lol', 'mb0fy1'], ['u/Fmarulezkd', 31, '2021-03-23 00:08', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grv8kk2/', 'I bought my first 100€ BTC at 54.5!', 'mb0fy1'], ['u/big_fetus_', 39, '2021-03-23 00:11', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grv8wt6/', 'welcome to the ride!!! could go up, could go down, but will always trend to the right!', 'mb0fy1'], ['u/Izzeheh', 69, '2021-03-23 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grv9cqx/', 'These kinds of posts always seem like self soothe in my opinion', 'mb0fy1'], ['u/POsarpro', 19, '2021-03-23 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvalvw/', 'Wednesday- receive stimmy\nThursday- start a binance account\nFriday- finally finish KYC verification and buy baby buy\nMonday- panic sell', 'mb0fy1'], ['u/17racecar71', 38, '2021-03-23 00:26', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvaqho/', 'That’s what a lot of people use reddit for. Soothing thyself', 'mb0fy1'], ['u/mayhap11', 10, '2021-03-23 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvbnzc/', 'Surprisingly yes, at least for longer than you might suspect. The global population followed a very similar exponential growth for thousands of years and is only expected to taper off in the next century, likewise global GDP, and many other metrics. BTC could easily follow this trend for another decade or more.\n\nEdit: I just realised you probably meant short term. In which case, probably not, there will almost certainly be a pullback, the only question is when, and what will the ATH and eventual bottom be at that point.', 'mb0fy1'], ['u/ad5xlh', 24, '2021-03-23 00:41', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvcjg6/', "It's like going back in time! If you ever wished you bought last week now's the time! Unless it dips more then your going further back!", 'mb0fy1'], ['u/big_fetus_', 11, '2021-03-23 00:43', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvcu99/', 'also to call people shills, thats pretty great.', 'mb0fy1'], ['u/kishore1988', 10, '2021-03-23 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvdxqz/', 'No need see the charts when you want HODL...', 'mb0fy1'], ['u/ShootAndSayKobe', 31, '2021-03-23 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grveweu/', '"BTC use to dip, it still dips, but it use to too." - Mitch', 'mb0fy1'], ['u/mayhap11', 13, '2021-03-23 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvh69l/', "Literally no way to know. Even if you subscribe to the S2F model theory, you'll notice that just predicts medium-long term trends, the short term price can and does bounce around a lot.\n\nMy strategy for the last 3 years has been to buy BTC when it is 'cheap' and sell when it is 'expensive'. Only 10% of my holding at a time, and if you track when you are buying and selling and only ever sell at a higher price than you previously paid then you literally can't lose money if you are patient (and BTC continues it's long term trend).", 'mb0fy1'], ['u/kcolgeis', 86, '2021-03-23 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvh8pf/', 'I get more excited about the dips than the ath!!', 'mb0fy1'], ['u/ehilliux', 141, '2021-03-23 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvhbdl/', 'When feeling literally anything, stay away from the charts. Do not trade with emotions!', 'mb0fy1'], ['u/Mephistoss', 19, '2021-03-23 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvi43o/', "The only way to trade shitcoins and remain sane Is to look at the 5 minute chart. Otherwise you see the 2018 massacre and can't forget it", 'mb0fy1'], ['u/robbie5643', 98, '2021-03-23 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvii8d/', 'Until it goes below 40k it hasn’t “dumped” “corrected” or any other variation of the word. I know people are used to “stonks only go up” but that’s not reality...', 'mb0fy1'], ['u/pale_blue_dots', 29, '2021-03-23 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvjpjp/', 'It should be pretty known that there has never been as much interest in blockchain, distributed ledgers, Bitcoin, Ethereum, and so on as there is now. \n\nThe amount of sheer interest and credibility in the space is far and away more than any other time before.', 'mb0fy1'], ['u/Benni_Shoga', 15, '2021-03-23 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvlgig/', 'I didn’t panic; bought @ 54300', 'mb0fy1'], ['u/4thaccountin5years', 16, '2021-03-23 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvp2o7/', 'That is not a dead cat bounce. Wow. Just wow.', 'mb0fy1'], ['u/vapeoholic', 34, '2021-03-23 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvq1b3/', 'Bigger the dip, the more excited I get.', 'mb0fy1'], ['u/DarthVarn', 16, '2021-03-23 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvqp82/', '25% dump in January and February this year. Bounced back. Not at all worried. Nite nite. Going to Zzzzz', 'mb0fy1'], ['u/mushroomyakuza', 10, '2021-03-23 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvrfno/', "The only media coverage I've seen about bitcoin recently has either been\n\n- bitcoin is destroying the planet\n- bitcoin is too risky or\n- bitcoin is CRASHING\n\nAll this tells me to buy and HODL.", 'mb0fy1'], ['u/YoungFeddy', 32, '2021-03-23 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvtalr/', 'Buy high sell low', 'mb0fy1'], ['u/ehilliux', 25, '2021-03-23 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvtg7b/', "Yes. But when I trade with emotions it's more like: buy sell high low", 'mb0fy1'], ['u/TheSpaceGinger', 30, '2021-03-23 03:33', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvwbe3/', "I think this is such an important lesson that we all learn after the fact. Even my wife doesn't bat a eyelid now when the price drops. We both know this is a long game and aiming to sell only when we get to retirement in 10+ years.", 'mb0fy1'], ['u/ehilliux', 38, '2021-03-23 03:38', 'https://www.reddit.com/r/CryptoCurrency/comments/mb0fy1/bitcoin_dumps_to_prices_last_seen_since_checks/grvwwrr/', 'May you retire in 5 years. ', 'mb0fy1'], ['u/atworksendhelp-', 10, '2021-03-23 04:15', 'https://www.reddit.com/r/CryptoCu...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.49% on Tuesday. Partially reversing a 5.70% slide from Monday, Bitcoin ended the day at $54,336.8.\nA mixed start to the day saw Bitcoin slide from an early morning high $55,288.0 to an early morning intraday low $52,812.0.\nSteering clear of the first major support level at $52,338, Bitcoin rallied to a late afternoon intraday high $55,822.3.\nFalling short of the first major resistance level at $57,163, Bitcoin eased back to end the day at sub-$54,500 levels.\nThe near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nCrypto.com Coinslid by 10.84% to lead the way down.\nChainlink(-1.79%),Ethereum(-0.79%), and Polkadot (-3.26%) also saw red to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nBitcoin Cash SVrallied by 5.42% to lead the way.\nBinance Coin(+0.21%),Cardano’s ADA(+1.33%),Litecoin(+0.06%), andRipple’s XRP(+0.52%) and also joined Bitcoin in the green.\nIn the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Tuesday low $1,607bn. At the time of writing, the total market cap stood at $1,653bn.\nBitcoin’s dominance rose to a Monday high 61.63% before falling to a Tuesday low 60.20%. At the time of writing, Bitcoin’s dominance stood at 61.06%.\nAt the time of writing, Bitcoin was down by 0.25% to $54,203.0. A mixed start to the day saw Bitcoin rise to an early morning high $54,668.0 before falling to a low $54,118.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV and Crypto.com Coin were up by 1.33% and by 3.82% to buck the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Ripple’s XRP was down by 1.14% to lead the way down.\nBitcoin would need to move back through the pivot level at $54,324 to bring the first major resistance level at $55,835 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Tuesday’s high $55,822.3.\nBarring an extended crypto rally, the first major resistance level and resistance at $56,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,334.\nFailure to move back through the $54,324 pivot would bring the first major support level at $52,825 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $51,313 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Silver Price Forecast – Silver Markets Drifting Toward Support\n• European Equities: Private Sector PMIs and Eurozone Consumer Confidence in Focus\n• Commodities Take a Hit as Stronger US Dollar, Bearish Fundamentals Weigh on Demand\n• Crude Oil Price Forecast – Crude Oil Markets Get Hammered Again\n• Natural Gas Price Forecast – Natural Gas Continues to Build Base\n• US Stock Market: Yellen Rattles Investors with Cost of Infrastructure Spending, Higher Taxes', 'Bitcoin , BTC to USD, rose by 0.49% on Tuesday. Partially reversing a 5.70% slide from Monday, Bitcoin ended the day at $54,336.8. A mixed start to the day saw Bitcoin slide from an early morning high $55,288.0 to an early morning intraday low $52,812.0. Steering clear of the first major support level at $52,338, Bitcoin rallied to a late afternoon intraday high $55,822.3. Falling short of the first major resistance level at $57,163, Bitcoin eased back to end the day at sub-$54,500 levels. The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Crypto.com Coin slid by 10.84% to lead the way down. Chainlink (-1.79%), Ethereum (-0.79%), and Polkadot (-3.26%) also saw red to buck the trend on the day. It was a bullish day for the rest of the majors, however. Bitcoin Cash SV rallied by 5.42% to lead the way. Binance Coin (+0.21%), Cardano’s ADA (+1.33%), Litecoin (+0.06%), and Ripple’s XRP (+0.52%) and also joined Bitcoin in the green. In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Tuesday low $1,607bn. At the time of writing, the total market cap stood at $1,653bn. Bitcoin’s dominance rose to a Monday high 61.63% before falling to a Tuesday low 60.20%. At the time of writing, Bitcoin’s dominance stood at 61.06%. This Morning At the time of writing, Bitcoin was down by 0.25% to $54,203.0. A mixed start to the day saw Bitcoin rise to an early morning high $54,668.0 before falling to a low $54,118.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Crypto.com Coin were up by 1.33% and by 3.82% to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 1.14% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $54,324 to bring the first major resistance level at $55,835 into play. Support from the broader market would be needed for Bitcoin to break out from Tuesday’s high $55,822.3. Barring an extended crypto rally, the first major resistance level and resistance at $56,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,334. Failure to move back through the $54,324 pivot would bring the first major support level at $52,825 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $51,313 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Markets Drifting Toward Support European Equities: Private Sector PMIs and Eurozone Consumer Confidence in Focus Commodities Take a Hit as Stronger US Dollar, Bearish Fundamentals Weigh on Demand Crude Oil Price Forecast – Crude Oil Markets Get Hammered Again Natural Gas Price Forecast – Natural Gas Continues to Build Base US Stock Market: Yellen Rattles Investors with Cost of Infrastructure Spending, Higher Taxes', '• Robinhood files for US IPO after GameStop row\n• Norton to be taken to court over auto-renewing customer contracts\n• The British-born legal prodigy Biden has appointed to take on Amazon and Facebook\n• Why nationalists think independence may be won or lost on TikTok\n• Sign up here for our daily technology newsletter\nBritish electric van start-up Arrival is set to list on Thursday in a deal that will value the company at around $13bn (£9.48bn).\nThe Banbury-based firm, which has yet to technically sell a vehicle, will go public on the Nasdaq through a US blank cheque company called CIIG Merger Corp.\nThe Arrival listing is one of a batch of companies to opt to go through a special purpose acquisition – or SPAC – instead of an initial public offering.\nBased on the CIIG share price of around $22.34, Arrival is set to be worth around $13bn when it lists. The deal will likely place Arrival among Britain’s biggest-ever technology public bows.\nIt represents a giant bump in valuation for the company, which was worth around €3bn (£2.58bn) in January 2020.\nCIIG was created by Peter Cuneo, a US businessman who previously headed up Remington, the personal care brand, and Marvel, the comic book giant.\nThe company aims to build low-cost electric vans and commercial vehicles like buses. It differs to that of many other EV firms in that it aims to construct its vehicles in so-called micro-factories.\nIt claims it can gain an advantage over the likes of Tesla by being able to constantly change how it builds its vehicles in order to produce them in the most-efficient way possible.\nSpeaking to the Telegraph earlier in the month, Avinash Rugoobur, the Arrival president, said the company could put factories “in every city”.\n“It is an absolute transformation to the way the industry operates, it is a step change to a decentralised approach to it,” he said.\nMr Rugoobur 20,000 square metre factories can easily change over time with many of the parts in its vehicles designed to be “plug and play”. By comparison Tesla’s gigafactory spans around 492,000 square metres.\nThe listing comes as the company unveiled its board earlier in the week. Mr Cuneo will join the board as well as Jae Oh, the head of corporate development at Hyundai.\nThat\'s all from us tonight. We hope you have a very pleasant evening, and we\'ll be back here from 7am tomorrow.\nAmazonis facing widespread criticism after it began requiring its 75,000 drivers in the US to agree to being monitored by cameras in their vans to track their movements,James Cookreports.\nThe e-commerce business sent its US delivery drivers a “biometric consent” form this month, requiring them to agree to the monitoring cameras in order to keep their jobs,according to a report by Motherboard.\nThe cameras are designed to monitor the safety of drivers, with the artificial intelligence-powered devices able to detect if a driver yawns and becomes visibly drowsy while on their shift.\nRead the full story here.\nHere\'s an alarming one: researchers at Avast have found 204 apps on the iPhone and Android app stores that they classify as"fleeceware", and they don\'t mean a comfortable, light insulated fabric popular in windy San Francisco.\nThese, according to Avast, are apps that attempt to coax users into giving their payment deta
**Last 60 Days of Bitcoin's Closing Prices:**
[32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-24
**Financial & Commodity Data:**
- Gold Closing Price: $1732.90
- Crude Oil Closing Price: $61.18
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,009,478,493,072
- Hash Rate: 165215303.47198936
- Transaction Count: 305093.0
- Unique Addresses: 780464.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.65
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: U.S. Federal Reserve officials voted Wednesday to keep monetary conditions at historically loose levels while waiting for the economy to heal.
Chairman Jerome Powell said he doesn’t want to put a timeline on tapering the U.S. central bank’s $120 billion-a-month in asset purchases.
“In terms of tapering it’s just premature,” Powell said. “We said we’d want to see substantial, further progress towards our goals before we modify our asset purchase guidance. It’s just too early to be talking about dates. We need to see actual progress.”
Related:Federal Reserve Holds Rates, Asset Purchases Steady as Economic Activity Moderates
A little bit of inflation in 2021 would be welcome news for the Federal Reserve if it means fewer jobs are permanently lost, Powell added.
“I’m much more worried about falling short of a complete recovery and losing people’s careers and lives that they built because they don’t get back to work in time,” Powell said. “I’m much more concerned about that than the possibility which exists of higher inflation. … Frankly, we’d welcome higher inflation.”
This might be welcome news for bitcoin’s true believers.
The Federal Open Market Committee (FOMC) will keep the target rate for federal funds in a range of 0% to 0.25%, and the Fed plans to keep buying $80 billion of U.S. Treasury bonds and $40 billion of agency mortgage-backed securities every month.
Related:Bitcoin Briefly Dips Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement
The committee noted that “the pace of the recovery in economic activity and employment has moderated in recent months,” but that it would continue accommodative monetary policy until inflation averages 2% over time.
The market didn’t budge at the news. The S&P 500 has been on a steady downward trajectory for most of the day and has fallen by more than 2%. Bitcoin was up a mere 1% since Powell’s comments.
The comments were in line with recent observations from economists who believe the Fed plans to let theeconomy run hot until sectors hard-hit by the pandemic reopen.
Powell did not address Vice Chair Richard Clarida’s comments earlier this year stating that the Fedwould have to see inflation at 2% for a year before raising rates.
The only timebitcoincame up during the meeting was in a question from CNBC’s senior economics reporter Steve Liesman who asked the chair if low interest rates were pushing up asset prices and creating a bubble that could cause economic fallout. Powell responded by saying that “financial stability vulnerabilities overall are moderate.”
“Because inflation has been running persistently below 2%, we’d like to see it run moderately above 2% for some time,” Powell said. “We have not adopted a formula, we’re not going to adopt a formula. … We’re going to preserve an element of judgement.”
• Fed Chair Powell: ‘We’d Welcome Higher Inflation’
• Fed Chair Powell: ‘We’d Welcome Higher Inflation’...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['San Francisco, California, March 24, 2021 (GLOBE NEWSWIRE) -- RocketFuel Blockchain, Inc. (OTC QB: “ RKFL”) (“RocketFuel” or the “Company”), a global provider of online payment solutions via Bitcoin and other cryptocurrencies, today announced that it will present at the Lytham Partners Spring 2021 Investor Conference on Thursday, April 1, 2021 at 07:15AM PDT. A webcast of the presentation will be available on RocketFuel’s website at www.RocketFuelBlockchain.com/investor-relations . The webcast will also be archived and available for replay following the live event. Management will also be participating in virtual one-on-one meetings throughout the event, which run from March 30, 2021 through April 1, 2021. To arrange a meeting, please contact Lytham Partners at [email protected] or register at www.lythampartners.com/spring2021reg . RocketFuel’s check-out solution allows customers to pay securely and never have to share any personal or sensitive data, such as credit card information. Instead, RocketFuel’s patent-pending “1-click” technology allows customers to complete product purchase faster, cheaper and in a more convenient style . About RocketFuel Blockchain, Inc. RocketFuel Blockchain, Inc. is global payments processing company offering highly efficient 1-click check-out solutions to eCommerce merchants and their customers. RocketFuel’s solution focuses on enhanced customer privacy protection eliminating the risk of data breach while improving speed, security and ease of use. RocketFuel users are able to enjoy seamless check-out using their favourite cryptocurrencies or direct bank transfers and forget the clunky cart paradigm of the past. RocketFuel merchants are able to implement new impulse buying schemes and generate new sales channels unavailable in current eCommerce solutions. More information about RocketFuel is available at: www.RocketFuelBlockchain.com Forward-Looking Statements The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro-forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services; competition from existing products or new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenue, expenses, capital requirements and need for financing; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them. For further information on such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2020. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law. Story continues COMPANY CONTACT Email: [email protected] Phone: 424.256.8560 INVESTOR CONTACT Ben Yankowitz [email protected]', 'San Francisco, California, March 24, 2021 (GLOBE NEWSWIRE) -- RocketFuel Blockchain, Inc. (OTC QB: “ RKFL”) (“RocketFuel” or the “Company”), a global provider of online payment solutions via Bitcoin and other cryptocurrencies, today announced that it will present at the Lytham Partners Spring 2021 Investor Conference on Thursday, April 1, 2021 at 07:15AM PDT. A webcast of the presentation will be available on RocketFuel’s website at www.RocketFuelBlockchain.com/investor-relations . The webcast will also be archived and available for replay following the live event. Management will also be participating in virtual one-on-one meetings throughout the event, which run from March 30, 2021 through April 1, 2021. To arrange a meeting, please contact Lytham Partners at [email protected] or register at www.lythampartners.com/spring2021reg . RocketFuel’s check-out solution allows customers to pay securely and never have to share any personal or sensitive data, such as credit card information. Instead, RocketFuel’s patent-pending “1-click” technology allows customers to complete product purchase faster, cheaper and in a more convenient style . About RocketFuel Blockchain, Inc. RocketFuel Blockchain, Inc. is global payments processing company offering highly efficient 1-click check-out solutions to eCommerce merchants and their customers. RocketFuel’s solution focuses on enhanced customer privacy protection eliminating the risk of data breach while improving speed, security and ease of use. RocketFuel users are able to enjoy seamless check-out using their favourite cryptocurrencies or direct bank transfers and forget the clunky cart paradigm of the past. RocketFuel merchants are able to implement new impulse buying schemes and generate new sales channels unavailable in current eCommerce solutions. More information about RocketFuel is available at: www.RocketFuelBlockchain.com Forward-Looking Statements The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro-forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services; competition from existing products or new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenue, expenses, capital requirements and need for financing; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them. For further information on such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2020. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law. Story continues COMPANY CONTACT Email: [email protected] Phone: 424.256.8560 INVESTOR CONTACT Ben Yankowitz [email protected]', '* Greenback broadly stronger amid demand for safer assets * Bitcoin on back foot after dipping below $52,000 * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, March 25 (Reuters) - The dollar hit a fresh four-month high to the euro on Thursday as the U.S. pandemic response continued to outpace Europe\'s, which has been hobbled by extended lockdowns and delayed vaccine rollouts. The safe-haven greenback remained broadly stronger following a two-day rally amid worries ranging from Europe\'s third COVID-19 wave and potential U.S. tax hikes to the persistent spectre of inflation. Even Germany\'s reversal of a call for a strict lockdown over the Easter period did little to build confidence in the region\'s economic outlook, instead compounding discontent with Chancellor Angela Merkel\'s handling of the pandemic. "The weak point in Europe remains around the vaccine rollout amid the rise in new virus cases and the tightening of restrictions ... which likely means the mooted acceleration in Q2 may have to be pushed back by a quarter," Tapas Strickland, director of economics and markets at National Australian Bank, wrote in a client note. "The narrative of the U.S. outperforming Europe in the coming quarter remains." The euro traded near the four-month low of $1.1809 touched earlier in the Asian session, while a gauge of the dollar against six major rivals hovered just below a
**Last 60 Days of Bitcoin's Closing Prices:**
[32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-25
**Financial & Commodity Data:**
- Gold Closing Price: $1724.90
- Crude Oil Closing Price: $58.56
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $982,550,934,422
- Hash Rate: 167389189.0439892
- Transaction Count: 318562.0
- Unique Addresses: 847860.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Non-fungible tokensare dominating headlines, yet even many advanced investors are not familiar with the new investable asset class.
Fungible Vs. Non-Fungible:NFTs simply refer to a unique digital item that people can buy and sell with each other. Some of the more common NFTs in 2021 include collectibles and digital art.
Taking a step back, it is important to talk about what exactly constitutes a fungible asset. Strictly speaking, a fungible asset or item is something that can easily be replaced with another identical item.
Bitcoin(Crypto: BTC) is one example of a fungible asset. If you have one bitcoin and sell it today, another bitcoin can be bought back the next day.
Alternatively, replacing one bitcoin with two half bitcoins would satisfy the conditions of being a fungible asset.
It won't be the same bitcoin you previously owned, but it will be identical in every shape and form.
Now, some fungible assets can also be considered non-fungible, such as a book. If you own a first edition copy of a book that gets destroyed in a fire, replacing it with an identical later copy is not a true replacement.
Related Link:How to Buy NFTs
The NFTs Investors Are Talking About:It wasn't previously possible for someone to own a limited edition e-book or another form of digital creation.
But the advancement of blockchain technology over the years has certainly changed the game and created a new industry.
For the first time ever, someone can create a digital book or piece of art and sell that one unique creation to one individual.
The blockchain provides a certificate of authenticity of sorts to prove the rightful ownership of a collectible item, like a digital painting.
NFTs can sell for as little as one penny and into the tens of millions of dollars. Items like trading cards, collectibles, domain names, art and much more can be bought on NFT platforms like OpenSea or CryptoRank.
A crypto-asset investor that goes by the pseudonym "Metakovan" bought a unique NFT artwork called "Everydays: the First 5000 Days" for just shy of $70 million.
Public Company Exposure:Here is a summary of a few names that investors have tied to the space or are rumored to be expanding into NFTs.
Takung Art Co Ltd(NYSE:TKAT) is a Hong Kong-based provider of an online trading platform for art collectors and investors to acquire fractional ownership in Asian and other fine art. Shares of Takung Art are up more than 330% since the start of 2021.
Oriental Culture Holding Ltd(NASDAQ:OCG) is an online provider of collectibles and artwork e-commerce services. The company's platform brings together collectors, artists, art dealers and owners to access an art trading market. Shares of Oriental Culture are higher by 37% since the start of 2021 but were down more than 30% on Tuesday.
ZK International Group Co Ltd(NASDAQ:ZKIN) is a China-based designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products.
On Monday, the company said its subsidiary xSigma Corporation is designing an NFT marketplace based onEthereum(Crypto: ETH) and Polkadot platforms. Shares of ZK International are up more than 175% since the start of 2021.
Currencyworks Inc(OTC:CWRK) is a financial technology blockchain company that designs platforms for digital currencies, assets and security tokens. On March 12, the company said its existing NFT platform will expand to include Bitcoin and Ethereum as payment methods. Shares of Currencyworks are higher by nearly 250% since the start of 2021.
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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/hogebulldoge69', 'Donations still needed', 42, '2021-03-25 00:03', 'https://www.reddit.com/r/hoge/comments/mcjcv0/donations_still_needed/', 'WE STILL NEED 20k TO COMPLETE BTC NECESSARY FOR LISTING. \n\nEarlier reports were incorrect. Please donate if u can', 'https://www.reddit.com/r/hoge/comments/mcjcv0/donations_still_needed/', 'mcjcv0', [['u/Tobydraco6', 14, '2021-03-25 00:10', 'https://www.reddit.com/r/hoge/comments/mcjcv0/donations_still_needed/gs3wiyf/', 'My guess is crypto.com', 'mcjcv0']]], ['u/SuggestedName90', 'Why You Should Spend Your Crypto', 30, '2021-03-25 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/mcjssu/why_you_should_spend_your_crypto/', 'Hear me out before you send in downvotes for trying to strip you of your hard hodl\'ed shitcoin since 2012. \n\n\nI see a lot of negativity towards spending bitcoin and other cryptos on Teslas and other cryptos for physical things. \n\n\nMost people would agree spending crypto is good for the coin and helps boost adoption. Just like you wouldn\'t buy groceries with your 401(k) you shouldn\'t spend your investment coins on basic things, instead take what you can of money that goes to expenses and buy crypto with it to then spend the next time you invest more. Tx fees remain the same since you were DCA\'ing in any way, and if fees are low enough you can buy something you would have anyway, for what is essentially the same amount of value in crypto. This helps get people interested in crypto and increases people\'s view of crypto as a "real" currency. Now, I am not saying spend $20 in BTC fees for a coffee each morning, unless you just love miners, but spending NANO, L2 ETH or BTC, and other currencies is good for the scene as a whole and doesn\'t need to cut into your HODL portion if you view it the same way you view other daily expenses. Spending an extra $20 in tx fees to buy a Tesla with Bitcoin is a relatively small cost, and good for the space. \n\n\nTl;Dr - Buy extra crypto to spend on expenses, taking away from your expense budgets. Boosts adoption and doesn\'t cut into what you\'re hodling.', 'https://www.reddit.com/r/CryptoCurrency/comments/mcjssu/why_you_should_spend_your_crypto/', 'mcjssu', [['u/SuggestedName90', 10, '2021-03-25 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/mcjssu/why_you_should_spend_your_crypto/gs3ydwa/', 'Many of us have been buying certain substances with crypto long before it was cool :P', 'mcjssu']]], ['u/SilentRhetoric', 'A few thoughts from a crypto-beginner while the market is down', 399, '2021-03-25 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/mck3bh/a_few_thoughts_from_a_cryptobeginner_while_the/', 'Long-time lurker, first-time poster here. I saw some complaints about the balance of meme posts, so I thought I’d write up a few things I’ve learned as someone new to crypto in the last month or so. The market is down almost across the board right now, so let’s take a moment to reflect!\n\nMostly-unstructured thoughts, in no particular order:\n\n1. Background: I studied finance and have some relevant professional experience. I’ve read about crypto projects for years out of interest, but never took the step of actually buying any until recently. I regarded cryptocurrency as a bit too inviting of a facility for illicit activity for my taste, and I didn’t want to be complicit in that. I am actually glad to see that there are now KYC steps in the US to set up crypto accounts, and the process actually gives some comfort in the sense that it feels like a traditional banking interaction, not like you’re doing something in the shadows. I think there are amazing possibilities with DeFi, but there is also a balance to be struck when it comes to integrating with traditional institutions and markets, which will remain dominant for the foreseeable future.\n\n2. First steps: I started with Coinbase because I wanted to see what the IPO was about. I researched some other exchanges but never funded them. Coinbase seems to be trying to achieve “Cash app” levels of simplicity around crypto, to a fault in my view. If someone just wanted to do a one-off trade or a specific purpose or sit on it, it does make it easy and intuitive to get started. The trading fees are absurd, though, and you quickly run into a wall of limited functionality. However, I enjoyed the learning videos you can do for a small pile of altcoins, even if some of them are below the minimum trade size, and thus require buying more if you want to sell them for fiat (which is a bit of a racket).\n\n3. Better tools: Coinbase Pro improves significantly on the fee structure and trading dashboard. This is where I’d recommend someone start to cut their teeth on basic trading tools and charts, as the designers have done a good job of conveying a lot of information in a dense but uncluttered way. You can also utilize some different order types to make your trading experience easier. Anyone familiar with trading stocks, for example, will find this interface familiar, if a bit sparse on labeling. \n\n4. Diversification: I’ve been working over the past month to set up a small but broadly diversified portfolio across the vast majority of assets available in fiat and stablecoin markets. The goal is to be allocated nearly evenly across everything with a slight bias toward anything that has broken into mainstream markets, which is just Bitcoin and Ether for now with CME futures trading. In the long run, I want to be able to ride a rising tide without worrying too much about specific assets, and I am too risk averse for concentrated investments.\n\n5. Volatility: I definitely believe in efficient markets theory and the random walk, so I’m trying not to fret too much about the swings and just try to make sound decisions. I’ve dabbled a bit in trying to trade around the volatility with more advanced order setups, and sometimes that works! But sometimes the whole market is just down, hard, and I try to go do something else and not worry about it too much. I’m not a gambler by nature—it just doesn’t light up my neurons the way it does for some people—but I can see how having a crypto trading app on your phone could become a serious problem for people who are unprepared for the emotional roller coaster and the temptations it brings. As I am building out a portfolio in buy mode, I’m mostly just setting buy limits well below the market and letting the dips get me filled. \n\n6. Doing homework: In the process of diversifying, I’ve gotten to learn a bit about dozens of different assets and technologies which are trying to achieve different things. There are coins from hard forks (BCH), coins that are recorded on a non-native blockchain (Wrapped BTC), coins with unique angles (COMP), and coins intended to facilitate transactions instead of appreciation (XLM). There are also notices about token conversions This is all deeply fascinating to me, and the Stellar network stands out as something with serious potential to be more functionally useful, with which many crypto assets have major impediments.\n\n7. New launches: You win some, and you lose some. I caught one on the up by pure luck—being in the right place at the right time—and then not long after bought ADA essentially at its peak. Whoops—now I know what pump and dump means! I’ll definitely be digging a bit deeper before the next time I participate in launch-day trading. It was fun to spend an hour really watching the order book, though. \n\n8. NFTs: This was a fun rabbit hole to go down and see what’s happening in the digital art space. I think the concept could have a ton of potential in the future, and the silly things like tweets and gifs are just early pioneers of an emerging technology, not unlike porn has been for advances in media formats and the internet, itself. I do think that people paying millions for meaningless NFTs during this bubble will certainly be memorialized alongside tulip bulbs and other famous crazes in which many winners and losers are created but ultimately become a household joke.\n\n9. Areas of further study: Another hobby of mine is learning more about computing, so I may try to set up a Stellar node or maybe learn how to plug into the Coinbase API through Python. When I was in college, I considered but ultimately did not pursue computer science, and I sort of regret that now. Nonetheless, I believe that it is increasingly important to be technically capable alongside other skills, and so I am working in my spare time to learn some programming languages and related tools. I’ve done some basic API integrations so far, but I definitely need to push myself into more intermediate stuff like concurrency, data structures, and setting up more complex environments.\n\n10. Community: The crypto community can be refreshingly clear-eyed about the experience of being involved with crypto. From Elon’s Twitter hype to the environmental impact of Bitcoin mining to the psychology of following such a crazy asset class, I enjoy reading the discourse here and in other forums. Many thanks as well to people who create guides and open-source tools, including the assets themselves! The world could be a better place if the FOSS ethos was applied to more aspects of life. And finally, I might just go out on a limb and say that the crypto community makes the best memes I have ever seen on the ‘net. Gauntlet thrown!\n\n\nThanks for reading my ramblings! May your buys align with the dips!\n\n\nBy request, TL;DR:\n\nJumped in after 10 yrs of watching. Getting started was easy. Coinbase Pro >>> regular. I’m diversified. Volatility is wild; beware. Homework is (not) fun. Coinbase launches taught me about pump-and-dump. NFTs are a fad. I want to run a Stellar node. Y’all are cool.', 'https://www.reddit.com/r/CryptoCurrency/comments/mck3bh/a_few_thoughts_from_a_cryptobeginner_while_the/', 'mck3bh', [['u/Devils_doohickey', 135, '2021-03-25 00:46', 'h...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Bitcoin(BTC) slipped below the psychologically important $51,000 mark in a 24-hour period leading up to press time late night Thursday and an analyst thinks more pain is yet to come.\nWhat Happened:The apex cryptocurrency by market capitalization touched an intraday low of $50,856.57. At press time, BTC was 0.51% lower at $52,019.04.\nIn a seven-day trailing period, BTC has fallen 9.57%. From its all-time high of $61,683.86 — reached twelve days ago — the cryptocurrency has fallen 15.77%.\nAnalysts expect the downwards momentum to continue and are warning that BTC may breach the $50,000 levels.\n“Judging by recent events, traders seem happy to be selling into the rallies rather than buying the dip. So, don’t be surprised if we see renewed weakness in the markets later on in the session,” wrote Fawad Razaqzada, market analyst at ThinkMarkets, asreportedby MarketWatch.\nSee also:How to Buy Bitcoin (BTC)\nRazaqzada said that further bad news could be in store for BTC. “The crypto has been correlating positively with risk assets over the past year and if that relationship remains strong then the digital currency could follow risk assets lower.”\nWhy It Matters:Razaqzada urged Bitcoin traders to exercise caution as according to him “appetite for risk” is slowly fading, MarketWatch reported.\nTesla Inc’s(NASDAQ:TSLA) announcement thatit would accept BTCfor payments also led to profit-taking, as per Shane Ai, head of research and development at crypto exchange Bybit, Business Insiderreported.\nSee Also:How Tesla Plans To Tackle Bitcoin Volatility In Payments For Its Vehicles\nAnother factor that contributed to BTC’s decline is the expiration of $5 billion worth of options, due on Friday, as per Ai.\nThe expiration of contracts and some investors pushing the price lower to make money from bets against the cryptocurrency in the options market “have led to spot-selling pressure into quarter-end,” according to the analyst.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• What's Going On WIth Theta, Theta Fuel Cryptocurrencies Today?\n• Fidelity Looks To Launch ETF That Tracks The Price Of Bitcoin\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Bitcoin(BTC) slipped below the psychologically important $51,000 mark in a 24-hour period leading up to press time late night Thursday and an analyst thinks more pain is yet to come.\nWhat Happened:The apex cryptocurrency by market capitalization touched an intraday low of $50,856.57. At press time, BTC was 0.51% lower at $52,019.04.\nIn a seven-day trailing period, BTC has fallen 9.57%. From its all-time high of $61,683.86 — reached twelve days ago — the cryptocurrency has fallen 15.77%.\nAnalysts expect the downwards momentum to continue and are warning that BTC may breach the $50,000 levels.\n“Judging by recent events, traders seem happy to be selling into the rallies rather than buying the dip. So, don’t be surprised if we see renewed weakness in the markets later on in the session,” wrote Fawad Razaqzada, market analyst at ThinkMarkets, asreportedby MarketWatch.\nSee also:How to Buy Bitcoin (BTC)\nRazaqzada said that further bad news could be in store for BTC. “The crypto has been correlating positively with risk assets over the past year and if that relationship remains strong then the digital currency could follow risk assets lower.”\nWhy It Matters:Razaqzada urged Bitcoin traders to exercise caution as according to him “appetite for risk” is slowly fading, MarketWatch reported.\nTesla Inc’s(NASDAQ:TSLA) announcement thatit would accept BTCfor payments also led to profit-taking, as per Shane Ai, head of research and development at crypto exchange Bybit, Business Insiderreported.\nSee Also:How Tesla Plans To Tackle Bitcoin Volatility In Payments For Its Vehicles\nAnother factor that contributed to BTC’s decline is the expiration of $5 billion worth of options, due on Friday, as per Ai.\nThe expiration of contracts and some investors pushing the price lower to make money from bets against the cryptocurrency in the options market “have led to spot-selling pressure into quarter-end,” according to the analyst.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• What's Going On WIth Theta, Theta Fuel Cryptocurrencies Today?\n• Fidelity Looks To Launch ETF That Tracks The Price Of Bitcoin\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Bitcoin (BTC) slipped below the psychologically important $51,000 mark in a 24-hour period leading up to press time late night Thursday and an analyst thinks more pain is yet to come. What Happened: The apex cryptocurrency by market capitalization touched an intraday low of $50,856.57. At press time, BTC was 0.51% lower at $52,019.04. In a seven-day trailing period, BTC has fallen 9.57%. From its all-time high of $61,683.86 \x97 reached twelve days ago \x97 the cryptocurrency has fallen 15.77%. Analysts expect the downwards momentum to continue and are warning that BTC may breach the $50,000 levels. \x93Judging by recent events, traders seem happy to be selling into the rallies rather than buying the dip. So, don\x92t be surprised if we see renewed weakness in the markets later on in the session,\x94 wrote Fawad Razaqzada, market analyst at ThinkMarkets, as reported by MarketWatch. See also: How to Buy Bitcoin (BTC) Razaqzada said that further bad news could be in store for BTC. \x93The crypto has been correlating positively with risk assets over the past year and if that relationship remains strong then the digital currency could follow risk assets lower.\x94 Why It Matters: Razaqzada urged Bitcoin traders to exercise caution as according to him \x93appetite for risk\x94 is slowly fading, MarketWatch reported. Tesla Inc\x92s (NASDAQ: TSLA ) announcement that it would accept BTC for payments also led to profit-taking, as per Shane Ai, head of research and development at crypto exchange Bybit, Business Insider reported . See Also: How Tesla Plans To Tackle Bitcoin Volatility In Payments For Its Vehicles Another factor that contributed to BTC\x92s decline is the expiration of $5 billion worth of options, due on Friday, as per Ai. The expiration of contracts and some investors pushing the price lower to make money from bets against the cryptocurrency in the options market \x93have led to spot-selling pressure into quarter-end,\x94 according to the analyst. See more from Benzinga Click here for options trades from Benzinga What's Going On WIth Theta, Theta Fuel Cryptocurrencies Today? Fidelity Looks To Launch ETF That Tracks The Price Of Bitcoin © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'Image via Sony Music After relentlessly teasing his fans, Lil Nas X has finally dropped his long-awaited new single “Montero (Call Me By Your Name).” The “Old Town Road” hitmaker first previewed the song during the Super Bowl LV in February, later revealing the Filip Custic artwork. Produced by Take a Day Trip, Omer Fedi, and Roy Lenzo, the melodic single is the rapper’s first since he dropped “Holiday” in November, 2020. The song could be a sign that his long-awaited debut album, which he teased in an interview with Complex last year, is finally on the way. Nas X also shared the official music video for the track, which features references to Greek mythology, Plato’s Symposium , and religious imagery. Check out the by LNX and Tanu Muino-directed video up top. Before finally dropping the song on Thursday night, X said that he’s “waited 9 months” to release the track “because it’s my baby.” In addition, he teased that the single marks the arrival of “a new era” for him. To further build hype for “Montero,” X gave out $100,000 worth of bitcoin in a promotion on Twitter. MONTERO (CMBYN) OUT THIS FRIDAY!!! I’m giving out $100,000 worth of Bitcoin !!! Quote this with your $cashtag and #CMBYN and I might give you some #partner 🏹🤍 pic.twitter.com/Ht7DCDzdHF — nope 🏹 (@LilNasX) March 23, 2021 After breaking all sorts of records with “Old Town Road,” the highest certified song in RIAA history , the rapper has been forthcoming with fans about his struggles with his mental health. In a series of posts on TikTok earlier this year, he detailed how his rapid rise to fame further worsened his anxiety and how he was able to break the “one-hit-wonder” curse. Story continues Listen to “Montero” below. Related Articles Lil Nas X Trolls TikTok Users Trying to Cancel Eminem With Jokingly Terrible Freestyle Lil Nas X Drags 6ix9ine Over Homophobic Comment, Says He Tried to Slide in His DMs Lil Nas X Details Mental Health Struggles and Battle With Hypochondria on TikTok More Complex The Complex SHOP : Designer Clothing and Brands Complex Podcast Network Sole Collector Mobile App - Your app for the Sneaker World Sneaker of the Year: The Best Since ’85 Book - Now available for pre-order! Sign up for the Complex Newsletter for breaking news, events, and unique stories. Follow Complex on: Facebook , Twitter , Instagram , YouTube , Snapchat , TikTok', 'Image via Sony Music After relentlessly teasing his fans, Lil Nas X has finally dropped his long-awaited new single “Montero (Call Me By Your Name).” The “Old Town Road” hitmaker first previewed the song during the Super Bowl LV in February, later revealing the Filip Custic artwork. Produced by Take a Day Trip, Omer Fedi, and Roy Lenzo, the melodic single is the rapper’s first since he dropped “Holiday” in November, 2020. The song could be a sign that his long-awaited debut album, which he teased in an interview with Complex last year, is finally on the way. Nas X also shared the official music video for the track, which features references to Greek mythology, Plato’s Symposium , and religious imagery. Check out the by LNX and Tanu Muino-directed video up top. Before finally dropping the song on Thursday night, X said that he’s “waited 9 months” to release the track “beca
**Last 60 Days of Bitcoin's Closing Prices:**
[32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-26
**Financial & Commodity Data:**
- Gold Closing Price: $1732.20
- Crude Oil Closing Price: $60.97
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,004,563,332,659
- Hash Rate: 147824218.8959905
- Transaction Count: 293610.0
- Unique Addresses: 790548.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, theSPDR S&P 500's(NYSE:SPY) total return in the last five years is 117.3%. But there is no question some big-name stocks performed better than others along the way.
3D Systems' Bumpy Ride:One company that has given investors whiplash in the last decade is 3D printing stock3D Systems Corporation(NYSE:DDD).
3D Systems was one of the biggest booms and busts of the early years of the post-financial crisis bull market.
In early 2009, the stock was trading under $6, but it reached a peak of $97.28 by early 2014. By the time the beginning of 2016 rolled around, the stock was trading all the way back down at around $8.50.
During the peak of the 3D printer market mania, bulls justified absurd market valuations by arguing that 3D printers would ultimately be as common in U.S. homes as microwaves.
The slight oversight in that thesis ended up being that nobody actually needed or wanted 3D printers.
In hindsight, the idea that 3D printers would follow the same growth trajectory 2D printers followed makes little sense. 3D printers are far more expensive and difficult to buy, use and maintain than 2D printers.
3D Systems shares dropped as low as $6 in early 2016 during a broad market sell-off due to concerns about slowing growth in China. The stock bounced off that level and eventually peaked at a multiyear high of $23.70 in mid-2017.
Over the next three-and-a-half years, 3D Systems shares continued to be extremely volatile, making a series of lower lows along the way. Prior to the pandemic, the stock made it as high as $12.56 in early 2020.
Related Link:How Much Investing ,000 In Home Depot Stock 5 Years Ago Would Be Worth Today
3D Systems In 2021, Beyond:3D Systems shares dropped as low as $5.20 when the market bottomed in March 2020. However, it was one of few stocks that made new lows later that year. 3D Systems shares bottomed out at $4.60 in the second half of 2020, their low point of the last five years.
Incredibly, 3D Systems shares that seemed to be dead in the water skyrocketed in January 2021 when the company announced the sale of its non-core software business and guided for fourth-quarter revenue growth above analyst expectations.
Momentum traders triggered a short squeeze in the stock that sent it skyrocketing as high as $56.50, its highest point of the last five years. The stock has since pulled back to around $35.01.3D Systems investors who bought five years ago and held on were bailed out by the short squeeze. In fact, $1,000 in 3D Systems stock bought in 2016 would be worth about $3,383 today.
Looking ahead, analysts are extremely skeptical 3D Systems will hold onto its gains in the next 12 months. The average price target among the seven analysts covering the stock is $22, suggesting 37.5% downside from current levels.
(Photo: 3D Systems.)
See more from Benzinga
• Click here for options trades from Benzinga
• Kevin O'Leary Of 'Shark Tank,' Benzinga CEO Jason Raznick Talk GameStop, Bitcoin And Economic Recovery Trades
• GameStop Drama Continues: Soaring Stock Halted, Cramer, Citron Weigh In
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rallied by 7.08% on Friday. Reversing a 1.86% loss from Thursday, Bitcoin ended the day at $54,993.0. A mixed start to the day saw Bitcoin fall to an early morning low $51,300.0 before making a move. Steering clear of the first major support level at $50,100, Bitcoin rallied to a late intraday high $55,000.0. Bitcoin broke through the first major resistance level at $52,866 and the second major resistance level at $54,374.0. In spite of a late pullback, Bitcoin avoided a fall through the second major resistance level, wrapping up the day at $54,900 levels. The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Friday. Cardano’s ADA and Ripple’s XRP rallied by 10.78% and by 10.37% to lead the way. Binance Coin (+9.07%) Chainlink (+7.20%), Ethereum (+7.13%), and Litecoin (+7.10%) also found strong support. Bitcoin Cash SV (+3.47%), Crypto.com Coin (+3.91%), and Polkadot (+3.64%) trailed the front runners, however. In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,700bn. Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.87%. This Morning At the time of writing, Bitcoin was up by 0.65% to $55,348.0. A mixed start to the day saw Bitcoin fall to an early morning low $54,965.0 before striking a high $55,500.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. At the time of writing, Crypto.com Coin was up by 2.63% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $53,764 to bring the first major resistance level at $56,229 into play. Story continues Support from the broader market would be needed for Bitcoin to break out from this morning’s high $55,500.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $57,464. Failure to avoid a fall through the $53,764 pivot would bring the first major support level at $52,529 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $50,064 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Silver Weekly Price Forecast – Silver Markets Have Rough Week Jefferies Raises Altria’s Target Price by 46% to $58 and Upgrades to Buy Silver Price Forecast – Silver Markets Sit on Top of Support E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12743.75, Weakens Under 12615.25 European Equities: A Week in Review – 26/03/21 S&P 500 Weekly Price Forecast – Noisy Behavior Continues at Highs', 'Bitcoin, BTC to USD, rallied by 7.08% on Friday. Reversing a 1.86% loss from Thursday, Bitcoin ended the day at $54,993.0.\nA mixed start to the day saw Bitcoin fall to an early morning low $51,300.0 before making a move.\nSteering clear of the first major support level at $50,100, Bitcoin rallied to a late intraday high $55,000.0.\nBitcoin broke through the first major resistance level at $52,866 and the second major resistance level at $54,374.0.\nIn spite of a late pullback, Bitcoin avoided a fall through the second major resistance level, wrapping up the day at $54,900 levels.\nThe near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish day on Friday.\nCardano’s ADAandRipple’s XRPrallied by 10.78% and by 10.37% to lead the way.\nBinance Coin(+9.07%)Chainlink(+7.20%),Ethereum(+7.13%), andLitecoin(+7.10%) also found strong support.\nBitcoin Cash SV(+3.47%),Crypto.com Coin(+3.91%), and Polkadot (+3.64%) trailed the front runners, however.\nIn the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,700bn.\nBitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.87%.\nAt the time of writing, Bitcoin was up by 0.65% to $55,348.0. A mixed start to the day saw Bitcoin fall to an early morning low $54,965.0 before striking a high $55,500.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day.\nAt the time of writing, Crypto.com Coin was up by 2.63% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $53,764 to bring the first major resistance level at $56,229 into play.\nSupport from the broader market would be needed for Bitcoin to break out from this morning’s high $55,500.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $57,464.\nFailure to avoid a fall through the $53,764 pivot would bring the first major support level at $52,529 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $50,064 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Silver Weekly Price Forecast – Silver Markets Have Rough Week\n• Jefferies Raises Altria’s Target Price by 46% to $58 and Upgrades to Buy\n• Silver Price Forecast – Silver Markets Sit on Top of Support\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12743.75, Weakens Under 12615.25\n• European Equities: A Week in Review – 26/03/21\n• S&P 500 Weekly Price Forecast – Noisy Behavior Continues at Highs', "The Sentinel Network, a decentralized peer-to-peer (P2P) bandwidth marketplace that supports the Sentinel dVPN application , is now live on the Cosmos mainnet. “Sentinel is the first project that focuses on offering privacy at the network level to any blockchain or dapp,” said Dan Edlebeck, co-founder of Exidio, which contributed to development of the Sentinel decentralized virtual private network (dVPN) protocol. “Once integrated, these blockchains or applications will be able to provide their users with both privacy and censorship resistance. Simply, the purpose of the Sentinel ecosystem is to empower universal access to the internet in a trusted and provable manner.” Sentinel Network allows anyone to be able to sell his or her bandwidth on its marketplace. Developers can use the Sentinel Protocol, built with Cosmos SDK, to build applications, both public and private, that use the Sentinel Network’s bandwidth marketplace for dVPN applications. Related: FTX CEO Says Miami Heat Naming Rights Deal Is Partly Philanthropic Users will be able to sell their bandwidth to power the Sentinel Network and be rewarded in $SENT for doing so. As Sentinel’s testnet was originally built on Ethereum, a token swap will be launched Saturday to convert holders’ ERC-20 $SENT tokens to Sentinel’s native Cosmos-based $DVPN. $DVPN will be used to secure the network, participate in on-chain governance, pay node holders and rent bandwidth. In February, Sentinel completed a $3.5M fundraising round. dVPN vs. VPN Generally, a virtual private network (VPN) lets its users create a secure connection to another network. It is often used to gain access to restricted websites and content, shield browsing activity from public Wi-Fi and provide a degree of anonymity by hiding locations. VPN applications mask a user’s internet-protocol (IP) address, which is like a fingerprint of your device. VPNs generally help obfuscate that fingerprint. A VPN server will create an encrypted tunnel for your internet traffic that shields it from governments, internet service providers (ISPs) and others. Story continues Related: India's Millennials Embrace Digital Gold Despite Proposed Bitcoin Ban Some governments block certain websites, such as Google or Wikipedia, based on geo-fencing, which means they can block it for people within different geographic regions. VPNs help evade that restriction by letting people connect to servers in areas outside the geo-fenced one. As Top 10 VPN has regularly reported, nearly three-quarters of free VPNs on the market have some level of vulnerability, share or expose customer data, or even contain malware. A decentralized VPN takes these privacy measures a few steps further in that it can’t be compromised by a central actor or shut down by closing the company or server running it. In this way, it’s more resilient than a centralized VPN. Additionally, because all the code is open source, a trusted third party isn’t needed; rather, users can just check themselves. The initial focus of the Sentinel ecosystem was to provide a framework for the construction of dVPNs, according to Peter Mancuso, chief operating officer of Exidio. Read more: Decentralized VPN Sees Increased Use in Nigeria Amid #EndSars Protests “Whether the purpose is to access restricted content or to increase the security of their transmission of data over the internet, individuals all over the world are demanding these types of security measures,” Mancuso said. As Freedom House noted in its latest annual “Freedom of the Net” report , the pandemic is “accelerating a dramatic decline in global internet freedom.” For the 10th year in a row, internet users have “experienced an overall deterioration in their rights, and th
**Last 60 Days of Bitcoin's Closing Prices:**
[32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-27
**Financial & Commodity Data:**
- Gold Closing Price: $1732.20
- Crude Oil Closing Price: $60.97
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,020,022,377,846
- Hash Rate: 172823902.97398886
- Transaction Count: 288259.0
- Unique Addresses: 722993.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.65
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Jonathan Stempel NEW YORK (Reuters) - The owner of the Tether cryptocurrency and Bitfinex trading platform will pay an $18.5 million fine to settle charges it commingled client and corporate funds to cover up $850 million that went missing, New York Attorney General Letitia James said on Tuesday. James said the civil settlement with Hong Kong-based iFinex Inc and related entities will also require them to halt trading activity with New Yorkers. Bitfinex was accused of having sent the $850 million to Crypto Capital Corp, a payment processor believed to be in Panama, without telling clients, and after the funds went missing, draining at least $700 million from Tether's reserves. James said the diversion broke Tether's public promise to investors that its currency had been backed one-to-one by U.S. dollars, a practice she said had begun in 2017. "These companies obscured the true risk investors faced," James said in a statement. Tether is the world's third-largest cryptocurrency, after Bitcoin and Ethereum, according to CoinMarketCap. Its market value was about $34.8 billion on Tuesday, up from $2.8 billion when James announced her charges in April 2019. Bitfinex and Tether did not admit or deny wrongdoing in agreeing to settle. In a statement, they said the funds in question had been fully repaid with interest, and never impacted Tether's ability to process redemptions. "The Attorney General's Office concluded, in essence, that we could have done better in publicly disclosing these events," Bitfinex and Tether said. "Contrary to online speculation, after 2-1/2 years there was no finding that Tether ever issued tethers without backing, or to manipulate crypto prices." (Reporting by Jonathan Stempel in New York; editing by John Stonestreet)...
- Reddit Posts (Sample): [['u/wuay', 'Over $40k of CryptoCurrency Stolen', 106, '2021-03-27 00:39', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/', "I'm really devastated. Just looked at my wallet today when I was thinking of buying more bitcoin, all to to find out all my cryptocurrency is gone -- valued over $40,000. I spent years earning it and resisting pulling it out, hoping I could eventually use it to pay for college tuition.\n\nHere are the facts:\n\n- I have a Ledger Nano S wallet.\n\n- That wallet had 4.77 LTC, 4.48 ETH, and 0.73 BTC.\n\n- The Ledger generated a passphrase containing 24 words.\n\n- I recorded that passphrase on a piece of paper and hid it.\n\n- No one had or has access to that paper.\n\n- That passphrase (those words) were NEVER entered anywhere. (Not even on my phone)\n\n- On February 24th at 5:45 AM Eastern Time, the BTC was stolen.\n\n- On the same day, at 6:46 AM and 6:48 AM, the ETH and LTC, respectively, were stolen.\n\n- I also has a Trust Wallet.\n\n- I had $1500 worth of NPXS and $1000 worth of TRX in that wallet.\n\n- On February 24th at 6:48 AM and 6:55 AM both of those were stolen.\n\n- The passphrase for the Trust Wallet is saved as a screenshot on my iPhone.\n\n- My iPhone has not left my possession.\n\n- My iPhone has a 6 digit passcode.\n\nThe recipient address for the BTC is: 3EP2Bq6yMpXQc3TvoxLtwDsd1tg2A59CJs\n\nNote: Both wallets were hacked on the same day at around the same time. Both had separate passphrases.\n\nCan someone please shed some light on what can be done, if anything? How were both wallets compromised at the same time?! If nothing can be done to retrieve the crytpo, what can be done to prevent this from happening in the future.", 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/', 'me1j5n', [['u/IndigoFlashcard', 66, '2021-03-27 01:00', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gscw8b1/', "Read the post guys, OP lost funds from an iOS software wallet at exactly the same time. This isn't a Ledger problem or a 24 words problem.", 'me1j5n'], ['u/IronCladAutist', 11, '2021-03-27 01:00', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gscwah1/', "You may have been victim of what's called a sim swap attack that's one option on another note I'm assuming you use ledger live, desktop or mobile. It may sound redundant but did you update the software after the malware attack ? Ledger servers were compromised last year and they sent emails to affected customers at first they thought it was a database breach but it was much much more than that. The only other option is you've been phished by email, go through your emails and screenshot every email from ledger and anyone claiming to be a representative, a female contacted me to tell me my account has definitely been affected by the malware attack and they told me they have fixed the issue but I must update my software before I send or receive anymore crypto. They may have caught you with a 'clipboard attack'. I can only imagine how you feel right now but your not hopeless screenshot all your emails from ledger and again anyone claiming to be a representative try to recount your steps and be honest with yourself, there's not normally smoke without fire in situations like this have you left your number on any unsavoury sites like deepweb marketplaces, things like this", 'me1j5n'], ['u/IronCladAutist', 21, '2021-03-27 01:03', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gscwpj5/', "Your right man shit I didn't even see that. I'm panicking and it's not even my wallet.", 'me1j5n'], ['u/MaracujaPT', 22, '2021-03-27 01:10', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gscxm60/', 'Same, fuck i hate and feel sad when see stuff like this', 'me1j5n'], ['u/jcr991', 23, '2021-03-27 01:13', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gscy2n9/', 'For sure you were hacked man, seriously hacked. I “could understand” your ledger being hacked, but both ledger and trust at the very same time. Someone got access to your computer and phone and hijacked it, installed a malware or some crazy shady shit on it.', 'me1j5n'], ['u/Drifter5533', 32, '2021-03-27 01:20', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gscyxmm/', 'Came here to say this. Either the phone, his PC, his home network, or his home itself (e.g. room mate, family, friends) has been compromised in some way.', 'me1j5n'], ['u/mreed911', 54, '2021-03-27 01:35', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd0yqm/', 'Was the trust wallet passphrase the same as the ledger passphrase? You say “separate” but I want to make sure.', 'me1j5n'], ['u/mreed911', 14, '2021-03-27 01:36', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd1674/', 'If it’s a different 24 words it is...', 'me1j5n'], ['u/taytayssmaysmay', 11, '2021-03-27 01:37', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd19ek/', "He definitely didn't He's calling his seed a passphrase. And he's taking screenshots of stuff. I'm going to say his phone got hacked", 'me1j5n'], ['u/Inevitable_Moment_11', 10, '2021-03-27 01:46', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd2i7u/', 'Sounds like your seed on Ledger and trust wallet was compromised. The odds are in the trillions for 2 seeds to be compromised.', 'me1j5n'], ['u/mtlatl', 31, '2021-03-27 01:50', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd33xn/', 'This is a critical question', 'me1j5n'], ['u/loupiote2', 82, '2021-03-27 02:06', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd57p8/', 'Their Trust wallet (a software wallet) got hacked: *The passphrase for the Trust Wallet is saved as a screenshot on my iPhone*\n\nSince the OP took a photo / screen shot of their Trust wallet seed, it is likely that they also took a photo of their Ledger seed.\n\nCommon causes of leaked seeds (unauthorized access)\n\nHave you ever:\n\n\\- used a seed that came pre-printed on a card with your ledger (the common pre-seeded ledger scam)\n\n\\- taken a phone photo of your words? (this is the most common source of leakage)\n\n\\- entered your words on your computer or phone (i.e. typed it on your keyboard), e.g. sending an email to yourself (second most common source of leakage)\n\n\\- entered your seed in "Ledger Live" when you updated your computer, to recover from "damaged ledger memory" or to "unlock your ledger account"?\n\n\\- entered your words it in a computer or phone notebook or notepad or any app or website, or on the cloud?\n\n\\- have your words in sight of any webcam, laptop cam, phone cam etc.\n\n\\- printed or photocopied your words using a computer printer or wireless printer or a commercial copy machine?\n\n\\- digitalized your words or encrypted them in anyway with a computer?\n\n\\- used off-line or on-line tools to generate or check your seed or to verify it or to access other software or phone wallets?\n\n[https://www.reddit.com/r/ledgerwallet/comments/kmq68s/psa\\_learn\\_the\\_importance\\_of\\_your\\_24word\\_seed/](https://www.reddit.com/r/ledgerwallet/comments/kmq68s/psa_learn_the_importance_of_your_24word_seed/)', 'me1j5n'], ['u/c_games_official', 19, '2021-03-27 02:10', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd5rg8/', 'The Trust Wallet saved as a screenshot is a no brainer. The ledger passphrase is definitely a concern. Since they happened at the same time, likely the bad actor obtained the words for one of the wallets and waited until they were ready to take your other wallet so that they can steal at the same time before you can detect and save one of them. \n\n* How many people know that you have bitcoin stored on a hardware wallet (friends, family, coworkers, fellow students)?\n* Did you just set up the device with the passphrase once or did you perform regular recovery exercises using the recovery app or resetting it altogether?\n* Have you ever typed the phrase on a computer (even if it was Notepad and you never saved the file), on a phone, whispered it to yourself while entering the phrase near a recording device?\n* Is it possible someone found the paper it was written on, snapped a photo of it and put it back without your knowledge?\n\nI know it sucks and I sympathize but the fact that you said "I never entered anywhere - not even my phone" sounds naive. 40k is a lot of money, but since you were saving for college tuition, I am hoping you are young enough to rebuild.', 'me1j5n'], ['u/ElGuano', 12, '2021-03-27 02:15', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsd6frh/', "Trillions? I would imagine much higher than that! The fact that they were compromised at the same time suggests a massive failure with OP's security, not the Ledger.", 'me1j5n'], ['u/xTheWiseOnex', 13, '2021-03-27 03:04', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsdd04e/', 'how do you keylogg the private keys if he only wrote it on sheet of paper?', 'me1j5n'], ['u/StatisticalMan', 19, '2021-03-27 03:11', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsddw60/', 'The same level of security one would secure $40,000 cash. A fireproof burglary safe or safe deposit box or even better a copy of the seed in both.', 'me1j5n'], ['u/cryptotentnew', 20, '2021-03-27 03:23', 'https://www.reddit.com/r/ledgerwallet/comments/me1j5n/over_40k_of_cryptocurrency_stolen/gsdfetu/', '>*only time the passphrase was typed it is when i was sto...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 1.64% on Saturday. Consolidating Friday’s 7.08% rally, Bitcoin ended the day at $55.886.0. A mixed start to the day saw Bitcoin fall to a mid-day intraday low $54,010.0 before making a move. Steering clear of the first major support level at $52,529, Bitcoin rallied to a late intraday high $56,655.0. Bitcoin broke through the first major resistance level at $56,229 before falling back to sub-$56,000 levels. The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Cardano’s ADA and Polkadot fell by 3.08% and by 3.05% to lead the way down. Chainlink (-2.03%), Crypto.com Coin (-0.59%), and Ripple’s XRP (-3.42%) also saw red on the day. It was a bullish day for the rest of the majors, however. Binance Coin rallied by 5.49% to lead the way. Bitcoin Cash SV (+2.77%), Ethereum (+0.82%), and Litecoin (+0.23%) also joined Bitcoin in the green. In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,707bn. Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 61.08%. This Morning At the time of writing, Bitcoin was up by 0.02% to $55,895.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,859.0 before rising to a high $56,029.0 Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin was up by 0.12% to join Bitcoin in the green. It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 0.67% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $55,517 to bring the first major resistance level at $57,024 into play. Story continues Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $56,655.0. Barring an extended crypto rally, the first major resistance level and resistance at $57,500 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,162. Failure to avoid a fall through the $55,517 pivot would bring the first major support level at $54,379 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $52,872. This article was originally posted on FX Empire More From FXEMPIRE: Jefferies Raises Altria’s Target Price by 46% to $58 and Upgrades to Buy Crude Oil Weekly Price Forecast – Crude Oil Markets Form Support of Candlestick Natural Gas Price Prediction – Prices Consolidate as Production Rises U.S Mortgage Rates Rise for a 6th Consecutive Week E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Reaction to 32534 Sets Tone into Close Crude Oil Price Forecast – Crude Oil Markets Rallied Again', 'Bitcoin , BTC to USD, rose by 1.64% on Saturday. Consolidating Friday’s 7.08% rally, Bitcoin ended the day at $55.886.0. A mixed start to the day saw Bitcoin fall to a mid-day intraday low $54,010.0 before making a move. Steering clear of the first major support level at $52,529, Bitcoin rallied to a late intraday high $56,655.0. Bitcoin broke through the first major resistance level at $56,229 before falling back to sub-$56,000 levels. The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Cardano’s ADA and Polkadot fell by 3.08% and by 3.05% to lead the way down. Chainlink (-2.03%), Crypto.com Coin (-0.59%), and Ripple’s XRP (-3.42%) also saw red on the day. It was a bullish day for the rest of the majors, however. Binance Coin rallied by 5.49% to lead the way. Bitcoin Cash SV (+2.77%), Ethereum (+0.82%), and Litecoin (+0.23%) also joined Bitcoin in the green. In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,707bn. Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 61.08%. This Morning At the time of writing, Bitcoin was up by 0.02% to $55,895.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,859.0 before rising to a high $56,029.0 Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin was up by 0.12% to join Bitcoin in the green. It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 0.67% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $55,517 to bring the first major resistance level at $57,024 into play. Story continues Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $56,655.0. Barring an extended crypto rally, the first major resistance level and resistance at $57,500 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,162. Failure to avoid a fall through the $55,517 pivot would bring the first major support level at $54,379 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $52,872. This article was originally posted on FX Empire More From FXEMPIRE: Jefferies Raises Altria’s Target Price by 46% to $58 and Upgrades to Buy Crude Oil Weekly Price Forecast – Crude Oil Markets Form Support of Candlestick Natural Gas Price Prediction – Prices Consolidate as Production Rises U.S Mortgage Rates Rise for a 6th Consecutive Week E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Reaction to 32534 Sets Tone into Close Crude Oil Price Forecast – Crude Oil Markets Rallied Again', 'NEW YORK, NY / ACCESSWIRE / March 27, 2021 / Pomerantz LLP announces that a class action lawsuit has been filed against Renewable Energy Group, Inc. ("Renewable Energy" or the "Company") (NASDAQ:REGI) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-02244, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Renewable Energy securities between May 3, 2018 and February 25, 2021, inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act"). If you are a shareholder who purchased Renewable Energy securities during the Class Period, you have until May 3, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com . To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action] Renewable Energy provides clean, low carbon transportation fuels. It is North America\'s largest producer of advanced biofuels. The biodiesel tax credit ("BTC") is a federal biodiesel mixture excise tax credit whereby the first person to blend pure biomass-based diesel with petroleum-based diesel fuel receives a $1.00-per-gallon refundable tax credit. It is an incentive shared across the advanced biofuel production and distribution chain through routine, daily trading and negotiation. The BTC was first implemented on January 1, 2005 but has been allowed to lapse and then been reinstated, sometimes retrospectively. In February 2018, the BTC was retroactively reinstated for 2017, but was not reinstated for 2018. In December 2019, the BTC was retroactively reinstated for 2018 and 2019 and made effective from January 2020 through December 2022. Story continues The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company\'s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company\'s customers; (2) that, as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) that, as a result, Renewable Energy\'s revenue and net income were overstated for certain periods; (4) that there was a material weakness in the Company\'s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) that, as a result of the foregoing, Defendants\' positive statements about the Company\'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate "$38.2 million in cumulative revenue from January 2018 through September 30, 2020"
**Last 60 Days of Bitcoin's Closing Prices:**
[30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-03-28
**Financial & Commodity Data:**
- Gold Closing Price: $1732.20
- Crude Oil Closing Price: $60.97
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,050,350,915,400
- Hash Rate: 172823902.97398886
- Transaction Count: 248605.0
- Unique Addresses: 629197.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: [Editor’s note:This article originally appearedon ETF Stream]
London –Cryptocurrency exchange-traded products (ETPs) have captured the imagination of investors over the past year with assets surging to record levels amid the meteoric rise of the rapidly developing asset class.
In 2020, the crypto ETP market exploded increasing more than four-fold to a record $3.1bn by the end of the year, according to data from TrackInsight. The surge has continued unabated this year with assets growing to a fresh record of $4.4bn.
Much of this has been driven by the success of bitcoin, fuelled by a continued public embrace of cryptocurrencies by large institutions such as BlackRock, as well as endorsementfrom Tesla co-founder and CEO Elon Musk.
Earlier in February, Tesla disclosed in an SEC filing that it had bought $1.5bn of bitcoin, sending the price of the cryptocurrency to a fresh all-time high of $44,795 on 8 February. Some sell-side analysts believe there is plenty more room for growth with Citi predicting the price of bitcoincould soar as high as $300,000by the end of the year.
Crypto ETPs have benefitted from the dramatic rise with theBTCetc Bitcoin Exchange Traded Cryptocurrency(BTCE) seeing its assets under management (AUM) more than double in December to $352m, and by 11 February nearly doubling again to $636m.
Meanwhile, more ETF issuers haveentered the marketin recent months in a bid to capture the growing demand with VanEck the latest to list its VanEck Vectors Bitcoin ETN (VBTC) on Deutsche Boerse.
In the build-up toETF Stream’swebinar on crypto ETPson 17 February, Anna Fedorova assesses whether ETPs are the perfect vehicle for investors to access the asset class.
Crypto ETP Boom
The number of ETPs offering access to bitcoin or other cryptocurrencies has been growing steadily over the last five years. According to TrackInsight, the number of listed products available to European investors has gone from zero in 2014 to 17 today with 2019 seeing a particular boom as nine new products were brought to market.21Sharesoffers the most extensive range with 12 crypto ETPs listed across European exchanges.
Ankush Jain, co-manager of the Aaro DLT Multifund, a fund of funds investing in cryptoassets, noted the SIX Swiss Exchange has been particularly instrumental in driving the growth of crypto ETPs.
“The turnover of all crypto ETPs on the SIX Swiss Exchange has grown from £425m in 2017 to £890m in 2020 while the number of trades have jumped from about 20,000 in 2017 to nearly 50,000 in 2020.”
There are a number of advantages to using ETPs for exposure to alternative assets, such as digital currencies, he said, including the fact they are “listed, regulated, liquid, available to retail investors, and don’t present issuer risk due to their collateralised nature”.
He added that the “low minimums and ease of subscriptions (without lengthy paperwork) and increased liquidity also presents advantages when it comes to effective portfolio management”.
Townsend Lansing, head of product atCoinShares, pointed out that ETPs provide investors with access to cryptocurrencies via a traditional investment infrastructure, which “allows investors to focus primarily on the market risk of the asset because it gives them comfort the ETP structure is managing the so-called ‘non-investment’ risks of these assets”.
Anaelle Ubaldino, head of quant advisory atKoris International, said the recent fraud scandals around crypto exchanges highlight the advantage of using the ETP wrapper over investing directly through cryptocurrency exchanges, many of which are unregulated.
She added that since ETPs trade on regulated exchanges, “investors can trade with greater confidence knowing that all market participants have been checked and that their trades are monitored, to prevent market abuse or funding illegal activities”.
Volatile Asset
However, ETPs are not without their limitations, many of which come down to the risk attached to cryptocurrencies themselves: a relatively young and volatile area of the market.
“These hot and trendy assets trade more on speculation as opposed to a real value denominator, which has so far resulted in high volatility and large price swings,” said Ubaldino, adding that investors must be comfortable with this volatility before choosing to invest.
She also noted that like any other investment product, ETPs have their own layer of fees which investors would not incur if they chose to access cryptoassets via a direct investment. Due to the specialised nature of these funds, these fees can be relatively high, with TERs ranging from 1.49% to 2% per annum, which “will hinder investor returns over the long-run”, Ubaldino said.
When it comes to volatility, Jain believes actively-managed crypto ETPs could be the answer to mitigating these risks as they offer better downside protection. However, this area of the market is still nascent, with just one actively managed product available to investors in Europe; the 15 FiCAS Active Crypto ETP.
Launched on the Six Swiss Exchange in July 2020 by Bitcoin Capital and managed by FiCAS, it invests in the top 15 cryptocurrencies using active trading and risk management. The 15 FiCAS Active Crypto ETP has returned 107% over one year to 11 February, according to TrackInsight, but flows have been relatively muted to far, with assets sitting at just €7m.
Crypto Regulation
For UK-based investors, the pressure is also mounting from the regulatory side, as the Financial Conduct Authority (FCA) has recentlybanned the sale of crypto ETNsto retail investors on concerns around the risks they pose, including volatility and market abuse.
However, this is not the case across Europe, Lansing stressed.
For instance, he pointed to the European proposals for a Market in Crypto-assets (MiCA) which aims to provide a single licensing regime across all member states by 2024.
“We expect investor adoption of bitcoin as an asset class to increase alongside the adoption of transparent and comprehensive regulatory regimes that treat digital assets in a similar fashion to more traditional asset classes,” he said.
In addition, there is a push for transparency from product issuers themselves which gives rise to hopes for a more mature market in digital currencies. Lansing said it is his firm’s goal “to bring transparency and trust to digital asset investing and to use the unique attributes of bitcoin and digital assets to do this”
He pointed to the launch of an attestation service by CoinShares in September 2020 in partnership with global accounting firm Armanino, whose aim it is to “provide public and open visibility into reserves, combined with on-demand attest reporting, creating a new standard of transparency and trust for the digital asset industry”.
As with any emerging industry, the trick is finding a balance between reaping the benefits of innovation while mitigating the risks for investors. But with demand for cryptoassets at record highs, ETP providers have no choice but to respond or be left behind.
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Permalink| © Copyright 2021ETF.com.All rights reserved...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, slipped by 0.18% on Sunday. Partially reversing a 1.64% gain from Saturday, Bitcoin ended the week down by 2.72% to $55,780.0.\nA mixed start to the day saw Bitcoin rise to a late morning intraday high $56,609.0 before hitting reverse.\nFalling short of the first major resistance level at $57,024, Bitcoin slid to a late intraday low $54,800.0.\nBitcoin fell through the first major resistance level at $54,379 before briefly revisiting $55,850 levels.\nThe near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Sunday.\nCardano’s ADA(+1.10%),Crypto.com Coin(+0.25%),Litecoin(+0.09%), andRipple’s XRP(+0.05%) bucked the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SVslid by 3.41% to lead the way down.\nBinance Coin(-0.23%),Chainlink(-0.72%),Ethereum(-1.58%), and Polkadot (-0.95%) also saw red on the day.\nFor the week, it was also a mixed week for the majors.\nBinance Coin (+1.45%), Cardano’s ADA (+0.28%), and Ripple’s XRP (+5.89%) bucked the trend in the week.\nIt was a bearish day for the rest of the majors, however.\nChainlink (-8.78%), Crypto.com Coin (-6.89%), and Polkadot (-9.62%) led the way down.\nBitcoin Cash SV (-2.19%), Ethereum (-5.45%), and Litecoin (-5.80%) also joined Bitcoin in the red.\nIn the week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,703bn.\nBitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.09%. At the time of writing, Bitcoin’s dominance stood at 60.91%.\nAt the time of writing, Bitcoin was down by 0.39% to $55,563.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,908.1 before falling to a low $55,563.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nRipple’s XRP was up by 0.45% to buck the trend on the day.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was down by 1.39% to lead the way down.\nBitcoin would need to move back through the pivot level at $55,730 to bring the first major resistance level at $56,659 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Sunday’s high $56,609.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $57,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,539.\nFailure to move back through the $55,730 pivot would bring the first major support level at $54,850 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $53,921.\nThisarticlewas originally posted on FX Empire\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 29th, 2021\n• Oil Price Fundamental Daily Forecast – Suez Canal Blockage Offsets COVID-19 Lockdown Concerns\n• AUD/USD and NZD/USD Fundamental Daily Forecast – Friday’s Rally Fueled by Quarterly Position-Squaring\n• European Equities: A Lack of Stats Leaves COVID-19 and Geopolitics in Focus\n• Bitcoin and Ripple’s XRP – Weekly Technical Analysis – March 29th, 2021\n• USD/JPY Forex Technical Analysis – Strengthens Over 109.849, Weakens Under 109.128', 'Bitcoin , BTC to USD, slipped by 0.18% on Sunday. Partially reversing a 1.64% gain from Saturday, Bitcoin ended the week down by 2.72% to $55,780.0. A mixed start to the day saw Bitcoin rise to a late morning intraday high $56,609.0 before hitting reverse. Falling short of the first major resistance level at $57,024, Bitcoin slid to a late intraday low $54,800.0. Bitcoin fell through the first major resistance level at $54,379 before briefly revisiting $55,850 levels. The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Cardano’s ADA (+1.10%), Crypto.com Coin (+0.25%), Litecoin (+0.09%), and Ripple’s XRP (+0.05%) bucked the trend on the day. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV slid by 3.41% to lead the way down. Binance Coin (-0.23%), Chainlink (-0.72%), Ethereum (-1.58%), and Polkadot (-0.95%) also saw red on the day. For the week, it was also a mixed week for the majors. Binance Coin (+1.45%), Cardano’s ADA (+0.28%), and Ripple’s XRP (+5.89%) bucked the trend in the week. It was a bearish day for the rest of the majors, however. Chainlink (-8.78%), Crypto.com Coin (-6.89%), and Polkadot (-9.62%) led the way down. Bitcoin Cash SV (-2.19%), Ethereum (-5.45%), and Litecoin (-5.80%) also joined Bitcoin in the red. In the week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,703bn. Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.09%. At the time of writing, Bitcoin’s dominance stood at 60.91%. This Morning At the time of writing, Bitcoin was down by 0.39% to $55,563.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,908.1 before falling to a low $55,563.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Ripple’s XRP was up by 0.45% to buck the trend on the day. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 1.39% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $55,730 to bring the first major resistance level at $56,659 into play. Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $56,609.0. Barring an extended crypto rally, the first major resistance level and resistance at $57,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,539. Failure to move back through the $55,730 pivot would bring the first major support level at $54,850 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $53,921. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 29th, 2021 Oil Price Fundamental Daily Forecast – Suez Canal Blockage Offsets COVID-19 Lockdown Concerns AUD/USD and NZD/USD Fundamental Daily Forecast – Friday’s Rally Fueled by Quarterly Position-Squaring European Equities: A Lack of Stats Leaves COVID-19 and Geopolitics in Focus Bitcoin and Ripple’s XRP – Weekly Technical Analysis – March 29th, 2021 USD/JPY Forex Technical Analysis – Strengthens Over 109.849, Weakens Under 109.128', "It may be common knowledge that mining Bitcoin (BTC) requires a great deal of energy and computer power but it did not deter a person online from trying to do it on an 80’s era Nintendo Co, Ltd (OTC: NTDOY ) GameBoy console running on two AA batteries. What Happened: Stacksmashing, an Information Technology researcher and content creator on Alphabet Inc’s (NASDAQ: GOOGL ) (NASDAQ: GOOG ) YouTube, bundled his Game Boy with a Raspberry Pi Pico and a Game Boy Link cable to turn it into a nifty little Bitcoin miner. The device, first released in April 1989, communicated with Stacksmashing’s computer running the mining software through the setup. The researcher managed to get what he called an “impressive” 0.8 hashes per second using the kit. “If you compare that to a modern ASIC [application-specific integrated circuit] miner, which comes in at around 100 tera hashes per second, you can see that we are almost as fast, only off by a factor of roughly 125 trillion,” said Stacksmashing in the video. “At this rate, it should only take us a couple of quadrillion years to mine a bitcoin.” See also: How to Buy Bitcoin (BTC) Why It Matters: Stacksmashing made a reference to Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk's announcement regarding accepting Bitcoin as a motivating factor mining the cryptocurrency on his Game Boy. Interestingly, the YouTuber also jokingly noted the ongoing graphics processing unit shortage in the video. Nvidia Corporation (NASDAQ: NVDA ) has tried to discourage the use of its GPUs for cryptocurrency mining. The rival Advanced Micro Devices, Inc (NASDAQ: AMD ) on the other hand has not put any restrictions on mining using its GPUs. See Also: Ethereum, Dogecoin And Other Cryptocurrencies You Can 'Create' Using Your Laptop While BTC presently requires powerful ASIC miners, Ethereum (ETH) can be mined with sufficiently powerful GPUs, which led to a Chinese software developer’s joke claim that he mined ETH using Sony Corporation’s (NYSE: SNE ) latest PlayStation 5 console. Story continues BTC traded 1.31% lower at $55,446.02 at press time, while ETH traded 1.44% lower at $1,690.26. Price Action: Nintendo shares closed 2.78% higher at $73.12 on Friday. See more from Benzinga Click here for options trades from Benzinga Bitcoin Has Dropped To Below ,000 And Analyst Says Further Downside On The Horizon What's Going On WIth Theta, Theta Fuel Cryptocurrencies Today? © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "It may be common knowledge that miningBitcoin(BTC) requires a great deal of energy and computer power but it did not deter a person online from trying to do it on an 80’s eraNintendo Co, Ltd(OTC:NTDOY) GameBoy console running on two A
**Last 60 Days of Bitcoin's Closing Prices:**
[33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-29
**Financial & Commodity Data:**
- Gold Closing Price: $1712.10
- Crude Oil Closing Price: $61.56
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,034,433,225,575
- Hash Rate: 164128360.68598944
- Transaction Count: 303305.0
- Unique Addresses: 776764.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The near 10% sell-off in bitcoin (BTC) during Asian hours has stabilized around $52,000. Bitcoin is now oversold on the four-hour chart, which could support a slight recovery towards $56,000.
• The last oversold reading on the relative strength index (RSI) resulted in a near 7% rise in BTC on March 22. However, the move was short-lived as sellers were active around the $56,000 resistance level.
• Bitcoin is now roughly 10% below itsbreak of trend supporton the four-hour chart and has erased about 50% of its rally from the Feb. 28 price low.
• For now, bitcoin continues to hold long-term trend support above $50,000, with lower support around $42,000.
• Bitcoin Stabilizes After Sell-off, Resistance Seen Around $56K
• Bitcoin Stabilizes After Sell-off, Resistance Seen Around $56K
• Bitcoin Stabilizes After Sell-off, Resistance Seen Around $56K
• Bitcoin Stabilizes After Sell-off, Resistance Seen Around $56K...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["A lawsuit against Nokia Oyj (NYSE: NOK ) alleging that the telecom company defrauded shareholders was dismissed in New York on Monday, Reuters reports . What Happened: The Finnish company was accused of concealing troubles related to the integration of Alcatel-Lucent as well as its preparedness in emerging as a leader in the 5G space. United States District Judge Andrew Carter in Manhattan reportedly said the plaintiff in the case, Clyde Waite, failed to show that Nokia\x92s statements made at the time were false or misleading. The judge pointed to the \x93numerous and continuous disclosures [by Nokia] regarding the Alcatel integration and 5G progress.\x94 In March 2019, Nokia had informed regulators regarding \x93compliance issues\x94 at Alcatel-Lucent, a company that it purchased in 2016 for EUR 15.6 billion ($18.36 billion). The lawsuit against Nokia was filed soon after the disclosure. In October 2019, Nokia lowered its profit outlook and suspend dividends saying it needed to spend more money due to increased competition in garnering a 5G market share. The March disclosure led to a 6% fall in Nokia shares, while the October one made the shares slip 24%. Why It Matters: The lawsuit was dismissed with prejudice and cannot be filed again, noted Reuters. Nokia shares have risen 31.8% on a net basis over one year and 2.8% since 2021 began. The shares were in the crosshairs of Reddit investors , who also carried out a short squeeze in stocks of GameStop Corporation (NYSE: GME ), BlackBerry Ltd (NYSE: BB ), and AMC Entertainment Holdings Inc (NYSE: AMC ). This month, Nokia announced a five-year partnership with AT&T Inc (NYSE: T ) related to its 5G technology, which will be deployed to customers across parts of the U.S. The nordic company said it is looking to slash 10,000 jobs over the next two years to better its growth and margin prospects. Price Action: Nokia shares closed nearly 1% lower at $4.02 on Monday and fell 0.25% in the after-hours trading. Story continues See more from Benzinga Click here for options trades from Benzinga Why Buying A Tesla With Bitcoin Isn't Really A Good Idea \x97 For Now This App For iPhone, iPad Allows You To Create Your Own NFT © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "A lawsuit againstNokia Oyj(NYSE:NOK) alleging that the telecom company defrauded shareholders was dismissed in New York on Monday, Reutersreports.\nWhat Happened:The Finnish company was accused of concealing troubles related to the integration of Alcatel-Lucent as well as its preparedness in emerging as a leader in the 5G space.\nUnited States District Judge Andrew Carter in Manhattan reportedly said the plaintiff in the case, Clyde Waite, failed to show that Nokia’s statements made at the time were false or misleading.\nThe judge pointed to the “numerous and continuous disclosures [by Nokia] regarding the Alcatel integration and 5G progress.”\nIn March 2019, Nokia had informed regulators regarding “compliance issues” at Alcatel-Lucent, a company that it purchased in 2016 for EUR 15.6 billion ($18.36 billion). The lawsuit against Nokia was filed soon after the disclosure.\nIn October 2019, Nokia lowered its profit outlook and suspend dividends saying it needed to spend more money due to increased competition in garnering a 5G market share.\nThe March disclosure led to a 6% fall in Nokia shares, while the October one made the shares slip 24%.\nWhy It Matters:The lawsuit was dismissed with prejudice and cannot be filed again, noted Reuters.\nNokia shares have risen 31.8% on a net basis over one year and 2.8% since 2021 began. The shares were in thecrosshairs of Reddit investors, who also carried out a short squeeze in stocks ofGameStop Corporation(NYSE:GME),BlackBerry Ltd(NYSE:BB), andAMC Entertainment Holdings Inc(NYSE:AMC).\nThis month, Nokia announced afive-year partnershipwithAT&T Inc(NYSE:T) related to its 5G technology, which will be deployed to customers across parts of the U.S.\nThe nordic company said it is looking toslash 10,000 jobsover the next two years to better its growth and margin prospects.\nPrice Action:Nokia shares closed nearly 1% lower at $4.02 on Monday and fell 0.25% in the after-hours trading.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Why Buying A Tesla With Bitcoin Isn't Really A Good Idea — For Now\n• This App For iPhone, iPad Allows You To Create Your Own NFT\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'The U.S. Securities and Exchange Commission (SEC) is pursuing yet another case of a blockchain company allegedly selling unregistered securities.\nAccording tocourt documentsfiledMonday, peer-to-peer content distribution network LBRY is being accused of selling “millions of dollars worth of unregistered securities to investors” beginning in 2016.\nThe securities regulator is seeking a permanent injunction against LBRY from selling further tokens in addition to a disgorgement of “ill-gotten gains” plus prejudgement interest.\nRelated:Bakkt Digital Wallet, for Bitcoin to Starbucks Points, Goes Live After Long Delay\nThe SEC says the securities were sold in the form of LBRY Credits (LBC), which were communicated to investors as being used to fund LBRY’s business and build its product, according to the document.\nLBRY is an open-sourced protocol allowing participants to post content without fear of retribution. The SEC says LBC tokens were sold as investment contracts in exchange for U.S. dollars and other non-monetary contributions.\nThe network has solicited help from the cryptocurrency community, claiming the industry is at risk while simultaneously saying its credits arenot securities.\n“The SEC complaint against LBRY reflects an outdated view of the economy that stifles innovation, accessibility, and creativity,” LBRY’s CEO Jeremy Kauffman told CoinDesk via email. “Under the overreaching standard set by the SEC complaint, most blockchain tokens would be deemed securities, leaving uncertainty and confusion in the industry.”\nRelated:Bitcoin News Roundup for March 30, 2021\nKauffman added the SEC’s complaint fails to acknowledge steps taken by his company to comply with the law and its efforts to conduct its business in a “forthcoming and transparent way.”\nOf particular note in the SEC document and brought to attention ina tweetby crypto lawyer Grant Gulovsen are allegations LBRY enlisted a vendor to use 40 million LBC from its institutional fund to act as a market maker (MM).\nThe MM operated as a middleman to buy and sell LBC on a “regular and continuous” basis at prevailing market prices. The SEC alleges this activity provided an air of credibility that the platform was capable of generating a profit.\nLBRY and Altonomyannounced a market-making partnershipas recently as June 2020. Polychain Capital led a $7 millionfunding roundin Altonomy in July 2019.\nStemming from the initial coin offering (ICO) craze in 2017, the SEC has been clamping down on cryptocurrency and blockchain businesses it claims are operating outside of U.S. securities law by selling unregistered products to vulnerable investors.\nAmong these, the most notable cases includeRipple,Block.oneandTelegram.\nUPDATE (March 30, 2021, 2:40 UTC): Includes comments from LBRY CEO Jeremy Kauffman\n• US Government Sues Decentralized Content Platform LBRY Over $11M in Token Sales\n• US Government Sues Decentralized Content Platform LBRY Over $11M in Token Sales', 'The U.S. Securities and Exchange Commission (SEC) is pursuing yet another case of a blockchain company allegedly selling unregistered securities. According to court documents filed Monday , peer-to-peer content distribution network LBRY is being accused of selling “millions of dollars worth of unregistered securities to investors” beginning in 2016. The securities regulator is seeking a permanent injunction against LBRY from selling further tokens in addition to a disgorgement of “ill-gotten gains” plus prejudgement interest. Related: Bakkt Digital Wallet, for Bitcoin to Starbucks Points, Goes Live After Long Delay The SEC says the securities were sold in the form of LBRY Credits (LBC), which were communicated to investors as being used to fund LBRY’s business and build its product, according to the document. LBRY is an open-sourced protocol allowing participants to post content without fear of retribution. The SEC says LBC tokens were sold as investment contracts in exchange for U.S. dollars and other non-monetary contributions. The network has solicited help from the cryptocurrency community, claiming the industry is at risk while simultaneously saying its credits are not securities . “The SEC complaint against LBRY reflects an outdated view of the economy that stifles innovation, accessibility, and creativity,” LBRY’s CEO Jeremy Kauffman told CoinDesk via email. “Under the overreaching standard set by the SEC complaint, most blockchain tokens would be deemed securities, leaving uncertainty and confusion in the industry.” Related: Bitcoin News Roundup for March 30, 2021 Kauffman added the SEC’s complaint fails to acknowledge steps taken by his company to comply with the law and its efforts to conduct its business in a “forthcoming and transparent way.” Of particular note in the SEC document and brought to attention in a tweet by crypto lawyer Grant Gulovsen are allegations LBRY enlisted a vendor to use 40 million LBC from its institutional fund to act as a market maker (MM). Story continues The MM operated as a middleman to buy and sell LBC on a “regular and continuous” basis at prevailing market prices. The SEC alleges this activity provided an air of credibility that the platform was capable of generating a profit. LBRY and Altonomy announced a market-making partnership as recently as June 2020. Polychain Capital led a $7 million funding round in Altonomy in July 2019. Stemming from the initial coin offering (ICO) craze in 2017, the SEC has be
**Last 60 Days of Bitcoin's Closing Prices:**
[34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-30
**Financial & Commodity Data:**
- Gold Closing Price: $1683.90
- Crude Oil Closing Price: $60.55
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,096,601,851,550
- Hash Rate: 158693646.7559898
- Transaction Count: 321090.0
- Unique Addresses: 826466.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SURREY, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") announced today that its subsidiary companies, Imperium Motor Corp., and Vantage-Tag Systems, will begin accepting cryptocurrencies for payments through a partnership with GreenBox POS (NASDAQ: GBOX). GreenBox POS is an emerging fintech company leveraging proprietary blockchain security to build customized payment solutions. GreenBox applications enable an end-to-end suite of turnkey financial products, helping to reduce fraud and improve the efficiency of handling large-scale commercial processing volumes for merchant clients globally. Ben Errez, Chairman and Executive Vice President of GreenBox, commented, “GreenBox proprietary blockchain payment platform gives merchants the ability to accept over 200 cryptocurrencies as payment alongside traditional merchant payment services.” “We are excited to partner with GreenBox to provide our consumers with more flexibility at that point-of-sale,” commented Bob Silzer, CEO of DSG Global. “Providing cutting-edge fintech payment options adds another layer to our growing competitive advantage as we rapidly scale operations and grow sales moving forward.” The GreenBox partnership enables DSGT to accept cryptocurrencies, such as Bitcoin and Ethereum, for its Imperium Motor and Vantage Tag Systems product lines, including golf carts, GPS Infinity systems, service and support payments, electric vehicles, and more, providing EV Dealers and golf course customers globally with a robust, single-platform payment solution. Serving as the settlement engine for financial transactions, GreenBox’s blockchain technology is a distributed ledger that uses digitally encrypted keys to verify, secure and record details of each transaction conducted within GreenBox’s private ecosystem. The speed and security of the platform allows GreenBox to log immense volumes of immutable transactional records in real time. Story continues The global EV market was valued at $11.9 billion in 2017 and is projected to exceed $56 billion by 2025. About Imperium Motor Company Imperium Motor Company (IMC) is an EV sales and marketing company with strategic distribution agreements in place that offer a wide variety of affordable vehicles equipped for the North American and other markets with emphasis on great design, a green mindset, performance, and functionality. Vehicles will include high speed, and low speed electric vehicles including cars, trucks, SUVs, vans, buses, and scooters. For additional information about Imperium Motors' product lines, please visit www.imperiummotorcompany.com . About DSG Global DSG Global is an emerging global technology company with an array of interconnecting businesses in some of the fastest growing market sectors. With roots in the golf industry in which it specializes in fleet management with patented analytics, mobile touch screen engagement and electric golf carts under the Vantage Tag Systems (VTS) brand, the company is moving quickly with road-ready electric vehicles for sale in the first quarter of 2021 through its Imperium Motor Company subsidiary. About Vantage Tag Systems Vantage Tag Systems (VTS) provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Its clients use VTS's unique technology to significantly reduce operational costs, improve the efficiency plus profitability of their fleet operations, increase safety, and enhance customer satisfaction. VTS has grown to become a leader in the category of Fleet Management in the golf industry, with their technology installed in over vehicles worldwide. VTS is now branching into several new streams of revenue, through programmatic advertising, licensing, and distribution, as well as expanding into Commercial Fleet Management, PACER single rider golf carts, and Agricultural applications. Additional information is available at http://vantage-tag.com/ Company Contact: Dave Gentry RedChip Companies, Inc. Phone: (407) 491-4498 [email protected] Brokers and Analysts: Chesapeake Group +1-410-825-3930 [email protected] Safe Harbor for Forward-Looking Statements This news release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this news release includes, but is not limited to, the anticipated growth of the market for electric vehicles, and any stated, implied or inferred benefit which the Company may derive from such growth, or from its adoption of GreenBox POS systems . Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: negative cash flow and future financing requirements to sustain operations, dilution, limited history of operations and revenues and no history of earnings or dividends, competition, economic changes, delays in the Company's expansion plans, regulatory changes, and the impact of and risks associated with the ongoing COVID-19 pandemic including the risk of disruption at the Company’s facilities or in its supply and distribution channels. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the fiscal year 2019 and our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement....
- Reddit Posts (Sample): [['u/OmegaByte01', 'Cryptomining Malware', 100, '2021-03-30 00:03', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/', 'Hi, a couple of days ago I started noticing my GPU wasn\'t giving a good performance when mining or playing games, at that time I didn\'t care that much. Today I decided to drop an eye on it. I noticed that when I had MSI Afterburner it was all the way up using too many resources from my GPU when I wasn\'t even mining or having a game open.\n\n&#x200B;\n\n[MSI Afterburner](https://preview.redd.it/nsg6fghch1q61.png?width=765&format=png&auto=webp&s=0ca5a91a6f126320c4cacf561fbe4ed66f005bc7)\n\nSo I decided to check my Task Manager but there was nothing. Nothing showing everything was cool, and I start noticing that the fans on my GPU started slowing down whenever I opened the Task manager, so this was pretty obvious, it was a miner malware hidden on my PC, I decided to open it again, and for a fraction of a second I saw "Eth start." A process that I didn\'t start nor installed anything like it because I run T-rex miner and it just runs on the CMD Prompt.\n\n&#x200B;\n\n[Process Hacker shows the miner, but when opening Task Manager the process stops.](https://preview.redd.it/dwtkq13zh1q61.png?width=1101&format=png&auto=webp&s=d7d197fff2af3a930fd2749f0a1cbd9e8dbf9f28)\n\n**Basically straight to the point:**\n\nI used Process Hacker to see if there was a miner on my PC and sure it was, it\'s called **pmstart.exe.** So I decided to see what command lines it was executing, and it shows this:\n\n[Memory Strings from Process Hacker](https://preview.redd.it/ub52yye0g1q61.png?width=571&format=png&auto=webp&s=586d28f8f681f5eab64a19983d89e7c79bb110ef)\n\nSo I decided to check out that wallet address: **0x71Fdcc0327CF3Af2083CB3F1Ca115087067caaf1**\n\nOn etherscan: [https://etherscan.io/address/0x71fdcc0327cf3af2083cb3f1ca115087067caaf1](https://etherscan.io/address/0x71fdcc0327cf3af2083cb3f1ca115087067caaf1)\n\nWhich is mining to ethermine, and mining with a lot of other GPU\'s: [https://ethermine.org/miners/71fdcc0327cf3af2083cb3f1ca115087067caaf1/dashboard](https://ethermine.org/miners/71fdcc0327cf3af2083cb3f1ca115087067caaf1/dashboard)\n\nThat wallet address sends eth every day to this address: [https://etherscan.io/address/0xb6decc4b223b238988dfc12c90500caa6a5a09cf](https://etherscan.io/address/0xb6decc4b223b238988dfc12c90500caa6a5a09cf)\n\nAnd that address exchanges to HitBTC every day.\n\n&#x200B;\n\nMy question is: I\'m quite new to Cryptomining and Crypto in general so I may be saying something stupid but, is there a way to track this down, or do something to track whoever is doing all of this garbage? Is it possible to contact HitBTC or something? Or is it just doomed?\n\n&#x200B;\n\nEdit: I see some people confused thinking T-Rex miner has malware, this is not what I meant, I continue to use T-Rex miner every day without errors, I just downloaded something else with something included that I didn\'t want, I was showing it to all of you what were its content, wallet, tracking it and asking a question about it. T-Rex miner is not involved with any viruses or anything, or at least to this day it hasn\'t done anything bad to my PC.', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/', 'mg0sbt', [['u/lolslayer_', 11, '2021-03-30 00:15', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsqjsem/', 'Try contacting ethermine with this information', 'mg0sbt'], ['u/el_pezz', 25, '2021-03-30 00:51', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsqo3lc/', 'Good find. I wonder if ethermine can shut this down. 159 inactive workers... 6Ghs... hacker is making bank. :(', 'mg0sbt'], ['u/el_pezz', 15, '2021-03-30 01:07', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsqpv69/', 'I sent an email to hitBTC and Ethermine. Hopefully they can do something about it.', 'mg0sbt'], ['u/JJN_97', 12, '2021-03-30 01:28', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsqsboq/', 'Looks like PMStart.exe is a known Cyrpto Mining Trojan [Link](https://howtofix.guide/pmstart-exe-virus/)', 'mg0sbt'], ['u/DeathScythe676', 32, '2021-03-30 02:02', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsqw24b/', "ethermine won't be able to do anything about this. yes they might be able to block that specific worker address but If the attacker has that level of control of your PC he can switch pools/addresses at a moment's notice.\n\nBack your stuff up, fresh wipe your PC\n\ninstall a good ad-blocker software browser extension:\n\n[https://adblockplus.org/](https://adblockplus.org/)\n\n&#x200B;\n\nand don't install cracked software. (That seems to be where i see most of it these days)", 'mg0sbt'], ['u/storm5510', 23, '2021-03-30 02:47', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsr111p/', 'This is an excellent find. I use Afterburner and T-Rex with Ethermine as my host. No problems here. Perhaps this is something everyone should watch for. It had to originate in, or with, another piece of software, but which one?', 'mg0sbt'], ['u/KoreanJesusFTW', 22, '2021-03-30 03:00', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsr2iog/', 'Quite a bit of an operation 6.6GH/s on average:\n\nhttps://ethermine.org/miners/0x71fdcc0327cf3af2083cb3f1ca115087067caaf1/dashboard\n\nFurthermore, there seems to be some automatic transfers the moment that there is a payout - wallet seems to be almost always empty and often offloading to HitBTC.\n\nCrazy.', 'mg0sbt'], ['u/iEatGlew', 13, '2021-03-30 03:09', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsr3h3z/', 'Probably the dude who owns that wallet....', 'mg0sbt'], ['u/sexyhoebot', 10, '2021-03-30 05:06', 'https://www.reddit.com/r/EtherMining/comments/mg0sbt/cryptomining_malware/gsrg9mq/', 'use a vm in the future fo that kind of thing to not risk your whole pc', 'mg0sbt']]], ['u/Remora_101', 'Pissed shill crying censorship runs against arguments goes to r/cc to stroke his ego, gets censored', 47, '2021-03-30 00:22', 'https://www.reddit.com/r/btc/comments/mg17gd/pissed_shill_crying_censorship_runs_against/', "shill = troll\n\nhttps://old.reddit.com/r/btc/comments/mftfg9/this_sub_is_awfully_proud_of_how_our_mods_never/?ref=share&ref_source=link\n\nhttps://old.reddit.com/r/btc/comments/mfvse5/after_my_recent_post_showing_moderators_of_rbtc/?ref=share&ref_source=link\n\nhttps://www.reveddit.com/v/CryptoCurrency/comments/mfw7yz/after_my_recent_post_showing_moderators_of_rbtc/\n\n\nI usually don't care about this kind of sad trolls, but this is just __TO PLAIN FUNNY__\n\nI hope he learned the difference between downvote and censorship now, but I doubt it.\n\n 🤣 🤣 🤣 🤣 🤣 🤣", 'https://www.reddit.com/r/btc/comments/mg17gd/pissed_shill_crying_censorship_runs_against/', 'mg17gd', [['u/Remora_101', 25, '2021-03-30 00:24', 'https://www.reddit.com/r/btc/comments/mg17gd/pissed_shill_crying_censorship_runs_against/gsqkww8/', "u/almostaverageplayer just so that you can't accuse me of laughing about you behind your back", 'mg17gd'], ['u/LovelyDay', 13, '2021-03-30 00:26', 'https://www.reddit.com/r/btc/comments/mg17gd/pissed_shill_crying_censorship_runs_against/gsql4t4/', '"Cyber hornet" level of intelligence\n\nYou can\'t be in crypto for long and not know that r/btc is a big blocker sub due to censorship.\n\nThis guy should read up about it in r/Bitcoin_Exposed', 'mg17gd'], ['u/SoulMechanic', 16, '2021-03-30 00:38', 'https://www.reddit.com/r/btc/comments/mg17gd/pissed_shill_crying_censorship_runs_against/gsqminw/', "In case he doesn't get it, generally speaking the difference is r\\bitcoin is centralized, meaning one person (theymos) decides what the sub can discuss, mod logs are closed and he's very ban happy.\n\nr/btc takes a decentralized approach, mod logs are open and the mods are pretty fair I think, basically the community decides what it wants to discuss.", 'mg17gd'], ['u/Collaborationeur', 21, '2021-03-30 00:47', 'https://www.reddit.com/r/btc/comments/mg17gd/pissed_shill_crying_censorship_runs_against/gsqnl5f/', 'same post at \n\n* r/cc - removed - check!\n* r/btc - still visible - check!\n\n---\n\nsauce: https://www.reveddit.com/v/CryptoCurrency/duplicates/mfw7yz/', 'mg17gd'], ['u/SoulMechanic', 10, '2021-03-30 08:53', 'https://www.reddit.com/r/btc/comments/mg17gd/pissed_shill_crying_censorship_runs_against/gsryeff/', "So no proof?\n\nThey just leave some trolls as a ploy to make it *seem* like they have an open forum, and the ones they do ban you claim they scrub the bots and website, even archive.org and Wayback machine? Amazing.\n\nAnd your evidence is, a feeling? Incredible.\n\nWell I'm convinced. I guess it's no better than r/Bitcoin, thanks for really showing us the truth.", 'mg17gd']]], ['u/bitbuggs', 'If you trade crypto, Stop Using Trading View.', 50, '2021-03-30 00:29', 'https://www.reddit.com/r/CryptoCurrency/comments/mg1cc8/if_you_trade_crypto_stop_using_trading_view/', " I have been using [charts.cointrader.pro/](https://charts.cointrader.pro/) for years now and I am surprised not too many people in the crypto community know about them. It's similar to trading view (all the same tools and indicators) but you don't have to pay, they have basically every coin on the coinmarketcap website (even microcaps), you have unlimited indicators, and there's no annoying ads that pop up.\n\nThey also have charts for statistics like for bitcoin dominance, altcoin dominance, the total market cap, altcoin market cap, bitcoin supply, Ethereum supply, etc.\n\nThey are specifically for crypto and they provide a great quality service for free, so I would suggest checking them out. As someone who loves crypto I am all for supporting products that support the community, and this is one that...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Tesla just contributed to Bitcoin open source software.\nThe car maker disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project’s team patch the flaw.\nThe electric vehicle and renewables company informed BTCPay’s team of the bug after reviewing the project’s GitHub last week. It affects users who boot BTCPay from “Docker Deployment, have a configured email server and enabled registration for users in Server Settings > Policies,” according to aposton BTCPay’s GitHub that included a software patch.\nRelated:Coinbase Snags Ex-SEC Director Brett Redfearn Ahead of IPO\n“The security team did an audit and contacted us. We then focused on fixing most of the points they disclosed one by one. They are now helping us to improve our process for security related disclosure,” BTCPay founder Nicolas Dorier told CoinDesk.\nThe BTCPay team wrote in its GitHub post that more information on the bug would be disclosed in its next major release.\n“We want to thank@teslamotorsfor filing a responsible disclosure, helping us with remediation, and handling the situation professionally. We also want to thank Qaiser Abbas, an independent web-security researcher, for an additional responsible\xa0vulnerability disclosure that was handled in this release,” BTCPay’s team wrote in the software release fixing the bug.\nBTCPay’s team would not comment on why Tesla was reviewing the project’s code or if Tesla uses its platform (or a clone of the software) for its bitcoin payments. The code for their bitcoin checkout’s invoices, however,\xa0shows traces of the same code found\xa0in most BTCPay invoices, and Elon Musk has said that the company uses an open source software to process payments.\nRelated:Phased Rollout for Eastern Caribbean Central Bank Digital Dollar Begins Wednesday\nBTCPay Server was launched in 2017 by Dorier, a Bitcoin developer, in response to popular Bitcoin payment processor BitPay’s controversial statements regarding the 2016 SegWit soft fork. Since launching, BTCPay has been integrated as a donations portal for charitable efforts around the world, includingNigeriaand Venezuela.\nThe wallet is also used by many Bitcoin industry merchants and companies as a point of sale for online stores.\nSince Elon Musk announced Tesla’s billion-dollar bitcoin holdings, the company has also started accepting bitcoin in return for its services. Musk has publicly stated the company plans to hold all bitcoin they receive and not convert it to cash.\nUpdated (March 31, 2021, 3:28 UTC):Comments from BTCPay Server founder Nicolas Dorier were added.\nUpdated (March 31, 2012, 12:27 UTC):Additional information about Tesla’s invoice code was added.\n• Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor\n• Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor', 'Tesla just contributed to Bitcoin open source software.\nThe car maker disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project’s team patch the flaw.\nThe electric vehicle and renewables company informed BTCPay’s team of the bug after reviewing the project’s GitHub last week. It affects users who boot BTCPay from “Docker Deployment, have a configured email server and enabled registration for users in Server Settings > Policies,” according to aposton BTCPay’s GitHub that included a software patch.\nRelated:Coinbase Snags Ex-SEC Director Brett Redfearn Ahead of IPO\n“The security team did an audit and contacted us. We then focused on fixing most of the points they disclosed one by one. They are now helping us to improve our process for security related disclosure,” BTCPay founder Nicolas Dorier told CoinDesk.\nThe BTCPay team wrote in its GitHub post that more information on the bug would be disclosed in its next major release.\n“We want to thank@teslamotorsfor filing a responsible disclosure, helping us with remediation, and handling the situation professionally. We also want to thank Qaiser Abbas, an independent web-security researcher, for an additional responsible\xa0vulnerability disclosure that was handled in this release,” BTCPay’s team wrote in the software release fixing the bug.\nBTCPay’s team would not comment on why Tesla was reviewing the project’s code or if Tesla uses its platform (or a clone of the software) for its bitcoin payments. The code for their bitcoin checkout’s invoices, however,\xa0shows traces of the same code found\xa0in most BTCPay invoices, and Elon Musk has said that the company uses an open source software to process payments.\nRelated:Phased Rollout for Eastern Caribbean Central Bank Digital Dollar Begins Wednesday\nBTCPay Server was launched in 2017 by Dorier, a Bitcoin developer, in response to popular Bitcoin payment processor BitPay’s controversial statements regarding the 2016 SegWit soft fork. Since launching, BTCPay has been integrated as a donations portal for charitable efforts around the world, includingNigeriaand Venezuela.\nThe wallet is also used by many Bitcoin industry merchants and companies as a point of sale for online stores.\nSince Elon Musk announced Tesla’s billion-dollar bitcoin holdings, the company has also started accepting bitcoin in return for its services. Musk has publicly stated the company plans to hold all bitcoin they receive and not convert it to cash.\nUpdated (March 31, 2021, 3:28 UTC):Comments from BTCPay Server founder Nicolas Dorier were added.\nUpdated (March 31, 2012, 12:27 UTC):Additional information about Tesla’s invoice code was added.\n• Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor\n• Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor', 'Tesla just contributed to Bitcoin open source software. The car maker disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project\x92s team patch the flaw. The electric vehicle and renewables company informed BTCPay\x92s team of the bug after reviewing the project\x92s GitHub last week. It affects users who boot BTCPay from \x93Docker Deployment, have a configured email server and enabled registration for users in Server Settings > Policies,\x94 according to a post on BTCPay\x92s GitHub that included a software patch. Related: Coinbase Snags Ex-SEC Director Brett Redfearn Ahead of IPO \x93The security team did an audit and contacted us. We then focused on fixing most of the points they disclosed one by one. They are now helping us to improve our process for security related disclosure,\x94 BTCPay founder Nicolas Dorier told CoinDesk. The BTCPay team wrote in its GitHub post that more information on the bug would be disclosed in its next major release. \x93We want to thank @teslamotors for filing a responsible disclosure, helping us with remediation, and handling the situation professionally. We also want to thank Qaiser Abbas, an independent web-security researcher, for an additional responsible\xa0vulnerability disclosure that was handled in this release,\x94 BTCPay\x92s team wrote in the software release fixing the bug. Tesla + BTCPay Server? BTCPay\x92s team would not comment on why Tesla was reviewing the project\x92s code or if Tesla uses its platform (or a clone of the software) for its bitcoin payments. The code for their bitcoin checkout\x92s invoices, however,\xa0shows traces of the same code found\xa0in most BTCPay invoices, and Elon Musk has said that the company uses an open source software to process payments. Related: Phased Rollout for Eastern Caribbean Central Bank Digital Dollar Begins Wednesday BTCPay Server was launched in 2017 by Dorier, a Bitcoin developer, in response to popular Bitcoin payment processor BitPay\x92s controversial statements regarding the 2016 SegWit soft fork. Since launching, BTCPay has been integrated as a donations portal for charitable efforts around the world, including Nigeria and Venezuela. Story continues The wallet is also used by many Bitcoin industry merchants and companies as a point of sale for online stores. Since Elon Musk announced Tesla\x92s billion-dollar bitcoin holdings, the company has also started accepting bitcoin in return for its services. Musk has publicly stated the company plans to hold all bitcoin they receive and not convert it to cash. Updated (March 31, 2021, 3:28 UTC): Comments from BTCPay Server founder Nicolas Dorier were added. Updated (March 31, 2012, 12:27 UTC): Additional information about Tesla\x92s invoice code was added. Related Stories Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor', 'Dvision Network Reveals First NFT Character Dvision Network Reveals First NFT Character from Limited Edition Series Dvision Network Reveals First NFT Character from Limited Edition Series SEOUL, South Korea, March 31, 2021 (GLOBE NEWSWIRE) -- Blockchain-based virtual reality platform Dvision Network is finally releasing the first limited-edition NFT item that will be placed for auction on OpenSea Marketplace. Dvision revealed this in a tweet on March 30, 2021. Dvision Boy First Character from Limited Edition Series According to the tweet, the first item to be auctioned is the "Dvision Boy\'\' character. The NFT character is the first in the highly anticipated Limited Edition series and will usher in a new era for the Dvision ecosystem. The auction on OpenSea marketplace will start at 3 PM KST on March 31 and last for a week. NFT lovers and investors will be able to place bids on the NFT item until the deadline elapses. Dvision Boy is the first and primary NFT character that will be used as an avatar inside the Dvision Metaverse. Dvision further revealed that the person who purchases \'\x92Dvision Boy\'\' will be entitled to various incentives when the Dvision Metaverse is fully launched later in the year. It should be noted that Dvisio
**Last 60 Days of Bitcoin's Closing Prices:**
[34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-03-31
**Financial & Commodity Data:**
- Gold Closing Price: $1713.80
- Crude Oil Closing Price: $59.16
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,092,595,323,656
- Hash Rate: 170650017.401989
- Transaction Count: 332749.0
- Unique Addresses: 900660.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: You know me as a long-term investor in hypergrowth themes and stocks.
Source: Shutterstock
To me, that’s the best way to build your wealth and realize your financial dreams. That’s why we talk a lot about the massive, exciting trends changing our world and making investors rich.
So here’s one thing you may not know about me …
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
I’m an avid chart reader.
I learned the importance of charts and how to really read them in my first job (as a stockbroker) from a mentor who has stayed a lifelong friend.
This was before smartphones, which means I learned the old-fashioned way — at happy hour after work.
On “bev naps” — those little napkins you get with your drink — we would draw charts, map out strategies, and anything that would give us an edge.
I still have a few of those napkins. They contain some of the best investing lessons I’ve ever learned.
That includes about breakouts, which is when a stock or other asset class “breaks out” to higher prices on big volume.
Breakouts are significant on many levels, and they are often a prelude to much higher prices.
I know 2021 is only six weeks old, but we’ve already witnessed a significant breakout that may go down as one of the greatest in history…
If you’ve been following bitcoin at all, you know exactly what I’m talking about.
I’m extremely bullish on bitcoin, blockchain, and especially smaller cryptocurrencies known as altcoins. (We just talked more about the opportunity in the newCrypto Investor NetworkMonthly issue released yesterday.) They are the kind of hypergrowth investments I love in transformational technologies that will change our world and make smart investors a ton of money.
But wow!
The world’s largest cryptocurrency has been on an amazing run … up 162% in just three months, even with a pretty steep pullback thrown in.
The first breakout came in December when bitcoin rallied above $20,000 for the first time ever. This sparked a social media frenzy as long-term bitcoin believers rejoiced, and it kept right on going.
Less than a month later, bitcoin more than doubled to $41,000.
It pulled back to $30,000 in late January, bouncing right off the 50-day moving average before marching higher and breaking out yet again to nearly $50,000.
My friend Charlie Shrem and I think the action in bitcoin the last couple of months is one of the most important events in the cryptocurrency sector since bitcoin started it all in 2009. And Charlie was around practically at the beginning.
The breakouts and follow-through prove that bitcoin and its smaller peers — the altcoins we follow inCrypto Investor Network— are here to stay.
Perhaps the most significant announcement in the past month came fromTesla(NASDAQ:TSLA), the largest automaker in the world by market capitalization and the world’s leading electric vehicle (EV) manufacturer.
Tesla announced on Monday that it bought $1.5 billion worth of bitcoin to “further diversify and maximize returns on our cash.” The company didn’t hold back. That $1.5 billion purchase accounted for nearly 8% of the $19 billion in cash and cash equivalents Tesla had on hand six weeks ago at the end of last year.
But that wasn’t all. The company plans to begin accepting bitcoin as payment for its products and services, making it the first big automaker to take that step.
Don’t underestimate the significance of this from an influential company with an influential CEO in Elon Musk. He personally has ramped up his public support for bitcoin, especially on Twitter. He added bitcoin to his Twitter handle and said “it was inevitable” when traders turned to cryptocurrencies after Robinhood limited trading in certain stocks.
Beyond price action is the implication of such a major move from a major company. One analyst, Daniel Ives of Wedbush, said it would have a “ripple effect across corporations around the globe.”
Along the way, the smaller altcoins in our portfolio surged about 165% on average in just the last month, bringing our portfolio’s overall return to more than 260% in a little under five months since we started.
That’s huge, and we see even bigger gains ahead. There is a massive amount of money flowing into cryptocurrencies right now as bitcoin and altcoins cannot be ignored by large firms anymore. We’re seeing more money managers, hedge funds, large institutions, and even publicly traded companies turn to cryptocurrencies and the blockchain technology that they run on.
This big money realizes that if they don’t adopt a plantoday, they will be left behind.
Cryptos and the blockchain technology they are built on are going to change everything. The way you buy everyday goods and services … purchase a home … pay your taxes … even how you order a pizza.
This transformation is already underway, but the truly seismic shift — when the massive profits are made — is coming as businesses, consumers, and those big-money investors realize what’s going on.
We’re seeing that now, and that’s why we recentlyadded a new altcoin inCrypto Investor Network. Moving money in the future will take place squarely on the blockchain, and our new buy is one of the best positioned altcoins to capture a chunk of this multi-trillion-dollar industry.
Ignoring cryptocurrencies and the blockchain would be similar to ignoring the advent of the internet.
I don’t want anybody to miss this opportunity to be at theforefront of the next big technological revolutionmoving into the mainstream in the Roaring 2020s.
On the date of publication, Matthew McCall did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else.Click here to see what Matt has up his sleeve now.
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['First came the toilet paper shortages. Now come the price increases. The maker of the Cottonelle, Scott and Viva brands announced Wednesday that it will hike prices on "a majority of its North America consumer products business," including toilet paper and baby care items. Kimberly-Clark Corporation blamed rising commodity costs for the increases. "The percentage increases are in the mid-to-high single digits," the company said in a news release. "Nearly all of the increases will be effective in late June." The company\'s other brands include Kleenex tissues, Kotex hygiene products and Huggies diapers. The company is facing "significant" inflation on raw materials, lower birth rates and the need to invest in advertising and discounts, CFRA Research analyst Arun Sundaram said in a recent research note. IRS: Stimulus checks coming for some Social Security recipients National Burrito Day 2021: Chipotle to give away free burritos and $100,000 in Bitcoin Thursday In the early going of the pandemic, paper goods disappeared quickly , causing customers to scramble to buy any supplies they could find. While supplies have recovered in recent months, many stores still have limits on paper goods purchases. You can follow USA TODAY reporter Nathan Bomey on Twitter @ NathanBomey and subscribe to our free Daily Money newsletter here for personal finance tips and business news every Monday through Friday morning. At a Florida Target in November, only a few rolls of paper towels were available. This article originally appeared on USA TODAY: Toilet paper prices increasing: Cottonelle, Scott brand prices jumping', 'First came the toilet paper shortages.\nNow come the price increases.\nThe maker of theCottonelle, Scott and Viva brands announcedWednesday that it will hike prices on "a majority of its North America consumer products business," including toilet paper and baby care items.\nKimberly-Clark Corporation blamed rising commodity costs for the increases.\n"The percentage increases are in the mid-to-high single digits," the company said in a news release. "Nearly all of the increases will be effective in late June."\nThe company\'s other brands include Kleenex tissues, Kotex hygiene products and Huggies diapers.\nThe company is facing "significant" inflation on raw materials, lower birth rates and the need to invest in advertising and discounts, CFRA Research analyst Arun Sundaram said in a recent research note.\nIRS:Stimulus checks coming for some Social Security recipients\nNational Burrito Day 2021:Chipotle to give away free burritos and $100,000 in Bitcoin Thursday\nIn the early going of the pandemic,paper goods disappeared quickly, causing customers to scramble to buy any supplies they could find.\nWhile supplies have recovered in recent months, many stores still have limits on paper goods purchases.\nYou can follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomeyandsubscribe to our free Daily Money newsletter herefor personal finance tips and business news every Monday through Friday morning.\nThis article originally appeared on USA TODAY:Toilet paper prices increasing: Cottonelle, Scott brand prices jumping', 'Non-fungible token (NFT) marketplace OpenSea is planning to integrate an Ethereum scaling solution in a bid to remove costly gas fees, a sticking point for many of the new users rushing into the NFT space.\nThe marketplace says it will be adding support for trading via decentralized protocolImmutable X. OpenSea said Wednesday the technology will provide instant trade confirmation, increased scalability and zero gas fees.\n“Integrating Immutable X enables us to offer users a gas-free trading experience without sacrificing the security of the Ethereum network,” said OpenSea Head of Product Nate Chastain. “We’re rolling this out for … future game developers and players on OpenSea who will benefit from this scaling solution.”\nRelated:All About Bitcoin - April 8, 2021\nThe protocol is capable of processing over 9,000 transactions per second, according to a press release.\n“We built Immutable X as a ZK-rollup in partnership with StarkWare,” the firm wrote in anOctober 2020 blog post.ZK-rollupsare a cryptographic method for verifying and settling transactions en masse. StarkWare, one of the leading developers of the technology, recently raised$75 millionin a Series B funding round.\nIn its blog post, Immutable X added:\n“ZK-rollups are the only solution above capable of scale without compromise, and though they still have disadvantages in the area of general computation, those challenges are rapidly being resolved.”\nRelated:The Hash - April 8, 2021\nOpenSea is one of the world’s largest NFT marketplaces and has been hitting its stride with the recent hype and demand in everything from tokenizedartandmusictodigital wearables.\nThe platform recently announced a$23 million fundraiseled by Silicon Valley venture capital firm Andreessen Horowitz in an effort to support its 100x growth in the last six months.\n“OpenSea’s support is a massive addition to Immutable X and a step forward for scaling Ethereum NFTs,” said Immutable co-founder Robbie Ferguson. “We look forward to supporting their insane exponential growth with our protocol.”\n• NFT Marketplace OpenSea to Add Ethereum Layer 2 Protocol for Gas-Free Trading\n• NFT Marketplace OpenSea to Add Ethereum Layer 2 Protocol for Gas-Free Trading', 'Non-fungible token (NFT) marketplace OpenSea is planning to integrate an Ethereum scaling solution in a bid to remove costly gas fees, a sticking point for many of the new users rushing into the NFT space. The marketplace says it will be adding support for trading via decentralized protocol Immutable X . OpenSea said Wednesday the technology will provide instant trade confirmation, increased scalability and zero gas fees. “Integrating Immutable X enables us to offer users a gas-free trading experience without sacrificing the security of the Ethereum network,” said OpenSea Head of Product Nate Chastain. “We’re rolling this out for … future game developers and players on OpenSea who will benefit from this scaling solution.” Related: All About Bitcoin - April 8, 2021 The protocol is capable of processing over 9,000 transactions per second, according to a press release. “We built Immutable X as a ZK-rollup in partnership with StarkWare,” the firm wrote in an October 2020 blog post . ZK-rollups are a cryptographic method for verifying and settling transactions en masse. StarkWare, one of the leading developers of the technology, recently raised $75 million in a Series B funding round. In its blog post, Immutable X added: “ZK-rollups are the only solution above capable of scale without compromise, and though they still have disadvantages in the area of general computation, those challenges are rapidly being resolved.” Related: The Hash - April 8, 2021 OpenSea is one of the world’s largest NFT marketplaces and has been hitting its stride with the recent hype and demand in everything from tokenized art and music to digital wearables . The platform recently announced a $23 million fundraise led by Silicon Valley venture capital firm Andreessen Horowitz in an effort to support its 100x growth in the last six months. “OpenSea’s support is a massive addition to Immutable X and a step forward for scaling Ethereum NFTs,” said Immutable co-founder Robbie Ferguson. “We look forward to supporting their insane exponential growth with our protocol.” Related Stories NFT Marketplace OpenSea to Add Ethereum Layer 2 Protocol for Gas-Free Trading NFT Marketplace OpenSea to Add Ethereum Layer 2 Protocol for Gas-Free Trading', "BITQT App is an auto trading platform for cryptocurrency. It buys, sells and holds based on daily algorithmic results. By 72hours.org Review on BitQT Application BITQT App is an auto trading platform for cryptocurrency. It buys, sells and holds based on daily algorithmic results. BITQT App is an auto trading platform for cryptocurrency. It buys, sells and holds based on daily algorithmic results. New York City, NY, March 31, 2021 (GLOBE NEWSWIRE) -- Changes are occurring in the world, with the major ones in finance. Digital currency is fast replacing traditional currency. Nations are adopting it, and it is true that those who embrace the changes in their early stages fare better than the late entrants to the party. Before investing in cryptocurrency, there has to be knowledge and understanding that not everyone has. This is why it is beneficial to take advantage of a platform such as BitQT that makes the investment risk free and helps understand the ins and outs of the world of digital currency. Open Your BitQT Account Now From The Official Site About BitQT A team of financial experts got together to use their expert knowledge of finance to create this digital currency platform called BitQT. This application used artificial intelligence and advanced algorithms to predict the crypto trade market that can be highly volatile. The financial gurus realized that a fast system was required to take advantage of this fast-moving and changing market. This is how BitQT came into existence. It is an advanced learning system that studies the market trends right from the beginning. It reads the trends, analyzes them to understand the right markets to invest in and trade and those not profitable. As the crypt trading market can be as confusing as trading in fiat money, a system such as BitQT, which is better than human brokers, is required. MUST SEE: \x93Shocking New BitQT App Report \x96 This May Change Your Mind\x94 Understanding Bitcoin Bitcoin came into existence in 2009, when Satoshi Nakamoto registered it. He mined the first block, and with the passing of years, this cryptocurrency caused quite a stir. Satoshi Nakamoto, however, vanished and information about him remains shrouded in mystery. Story continues Bitcoin is a paperless cryptocurrency that can be traded with complete anonymity. This makes it different from the traceable f
**Last 60 Days of Bitcoin's Closing Prices:**
[33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-01
**Financial & Commodity Data:**
- Gold Closing Price: $1726.50
- Crude Oil Closing Price: $61.45
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,097,288,882,888
- Hash Rate: 157606703.96998987
- Transaction Count: 311939.0
- Unique Addresses: 814587.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: OnSunday's episodeof the "Pennies: Going In Raw" podcast, hosts Hugh Henne and Dan Knight explore a common annoyance of many newer traders — Pattern Day Trade (PDT) regulations. In addition to PDT, the pair discuss what's been going on in the markets, stimulus checks, Bitcoin and more.
In previous episodes, Henne and Knight talked about different Bitcoin stocks such asRiot Blockchain Inc(NASDAQ:RIOT) andDiginex Ltd(NASDAQ:EQOS) and how those stocks could potentially run if we see Bitcoin hit new all-time highs. On Sunday's episode, Henne said he does believe we will see new all-time-highs with Bitcoin but that we will not know.
"I do think $100,000 [per Bitcoin] is imminent, but I am not buying Bitcoin here because when they do finally want to pull the rug again, which they will, it could drop all the way to $20,000."
Knight added that he was invested in Bitcoin when the cryptocurrency tanked alongside the rest of the markets last March.
"That was one of the first big drops I was ever in, last March I think it was the same day that SPY and everything crashed, so it was already a rough day," Knight said. "I went home and was playing some 'Overwatch'... I saw Bitcoin broke the $9,000 support and then I just looked and saw it go to $3,800 and was like huh... I've got a lot of these."
That was about a year ago when Bitcoin briefly dropped below $4,000 a coin. A year later, the coin is trading for nearly $60,000. Knight added that he is trying to add $10 worth of Bitcoin a day, and hoping that investment accumulates returns in the long run.
"I still really like EQOS," Knight said. "I'm still buying far-out calls for June, July, August. If Bitcoin's going to keep running these Bitcoin stocks are going to stay hot... I'm up 78% on those calls."Henne and Knight transitioned from Bitcoin into the stock market in order to discuss different methods of day trading. Henne opts to day trade with a small allocation of his portfolio.
"From the day-trading aspect, you're going to see one of the top-five runners... and if it [the stock] is still hanging around those pre-market highs by 10 a.m... that is a really good candidate that can be soaking," Henne said.
Henne describes what he calls a "soaker" a stock that is increasing in volume, while the price stays somewhat constant. He points out that often the increase in volume comes before the increase in price. He used Bionano Genomic's quick rise a few months back as an example.
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- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, slipped by 0.12% on Thursday. Following a 0.07% decline on Wednesday, Bitcoin ended the day at $58.724.0. A mixed start to the day saw Bitcoin rise to a late morning intraday high $59,483.0 before hitting reverse. Falling short of the first major resistance level at $60,188, Bitcoin slid to a late morning low $58,029.0. Steering clear of the major support levels, Bitcoin revisited $59,300 levels before falling to a mid-afternoon intraday low $57,955.0. Continuing to avoid the first major support level at $57,115, Bitcoin found late support to revisit $59,000 levels before falling back into the red. The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed start to the month on Thursday. Cardano’s ADA (-0.78%) and Ripple’s XRP (-0.04%) joined Bitcoin in the red. It was a bullish day for the rest of the pack, however. Binance Coin rallied by 10.58% to lead the way. Bitcoin Cash SV (+4.32%), Chainlink (+2.37%), Ethereum (+2.52%), and Litecoin (+2.93%) also found strong support. Crypto.com Coin (+0.67%) and Polkadot (+1.00%) trailed the front runners on the day. In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Thursday high $1,880bn. At the time of writing, the total market cap stood at $1,836bn. Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Thursday low 59.09%. At the time of writing, Bitcoin’s dominance stood at 59.69%. This Morning At the time of writing, Bitcoin was down by 0.04% to $58,703.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,891.0 before falling to a low $58,572.1. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the majors. Binance Coin (+2.43%), Cardano’s ADA (+0.20%), Polkadot (+0.31%), and Ripple’s XRP (+0.95%) found early support. Story continues It was a bearish start for the rest of the pack, however. At the time of writing, Crypto.com Coin was down by 1.04% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $58,721 to bring the first major resistance level at $59,486 into play. Support from the broader market would be needed for Bitcoin to break back through to $59,400 levels. Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at 14 th March swing hi $61,699.0 before easing back. The second major resistance level sits at $60,249. Failure to move back through the $58,721 pivot would bring the first major support level at $57,958 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$57,000 levels. The second major support level at $57,193 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 02/04/21 Crude Oil Price Forecast – Crude Oil Continues to Move on Rumors E-mini S&P 500 Index (ES) Futures Technical Analysis – Uptrend Continues as Index Pierces 4000 Mark Silver Price Daily Forecast – Test Of Resistance At $24.70 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 2nd, 2021 Natural Gas Price Forecast – Likely to Attempt Break Down', 'Bitcoin, BTC to USD, slipped by 0.12% on Thursday. Following a 0.07% decline on Wednesday, Bitcoin ended the day at $58.724.0.\nA mixed start to the day saw Bitcoin rise to a late morning intraday high $59,483.0 before hitting reverse.\nFalling short of the first major resistance level at $60,188, Bitcoin slid to a late morning low $58,029.0.\nSteering clear of the major support levels, Bitcoin revisited $59,300 levels before falling to a mid-afternoon intraday low $57,955.0.\nContinuing to avoid the first major support level at $57,115, Bitcoin found late support to revisit $59,000 levels before falling back into the red.\nThe near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed start to the month on Thursday.\nCardano’s ADA(-0.78%) andRipple’s XRP(-0.04%) joined Bitcoin in the red.\nIt was a bullish day for the rest of the pack, however.\nBinance Coinrallied by 10.58% to lead the way.\nBitcoin Cash SV(+4.32%),Chainlink(+2.37%),Ethereum(+2.52%), andLitecoin(+2.93%) also found strong support.\nCrypto.com Coin(+0.67%) and Polkadot (+1.00%) trailed the front runners on the day.\nIn the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Thursday high $1,880bn. At the time of writing, the total market cap stood at $1,836bn.\nBitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Thursday low 59.09%. At the time of writing, Bitcoin’s dominance stood at 59.69%.\nAt the time of writing, Bitcoin was down by 0.04% to $58,703.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,891.0 before falling to a low $58,572.1.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the majors.\nBinance Coin (+2.43%), Cardano’s ADA (+0.20%), Polkadot (+0.31%), and Ripple’s XRP (+0.95%) found early support.\nIt was a bearish start for the rest of the pack, however.\nAt the time of writing, Crypto.com Coin was down by 1.04% to lead the way down.\nBitcoin would need to move back through the pivot level at $58,721 to bring the first major resistance level at $59,486 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $59,400 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at 14thMarch swing hi $61,699.0 before easing back. The second major resistance level sits at $60,249.\nFailure to move back through the $58,721 pivot would bring the first major support level at $57,958 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of sub-$57,000 levels. The second major support level at $57,193 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 02/04/21\n• Crude Oil Price Forecast – Crude Oil Continues to Move on Rumors\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Uptrend Continues as Index Pierces 4000 Mark\n• Silver Price Daily Forecast – Test Of Resistance At $24.70\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 2nd, 2021\n• Natural Gas Price Forecast – Likely to Attempt Break Down', "Bitcoin’s mining difficulty hit an all-time high today after a roughly 6% increase, a move that follows a record month in earnings for Bitcoin miners as new-generation ASICs come online.\n“Difficulty” refers to the relative measure of the amount of resources required to minebitcoin. This measurement climbs or falls depending on the amount of power consumed (or “hashrate” produced) by the network at a given time. Bitcoin is programmed to adjust its difficulty level every 2,016 blocks, or roughly every 2 weeks to ensure that new blocks are mined at a stable rate.\nThis difficulty is measured on a relative scoring scale where Bitcoin launched with a mining difficulty of “1,” the lowest it’s ever been. (Difficulty kind of works like Google Search scores in that the scoring system is internal and has no reference point or unit for measurement outside of the networks themselves).\nRelated:BOJ Starts Central Bank Digital Currency Experiments\nAs of today’s adjustment, Bitcoin’s current mining difficulty is 23.1 trillion, according to data pulled from this CoinDesk journalist’s Bitcoin node. Per figures fromBTC.com, this is a roughly 6% increase from its last level of 21.8 trillion, which makes it the second largest adjustment of the year and the fifth upward adjustment in the last six difficulty periods.\nThe difficulty adjustment is arguably one of Bitcoin’s most important features as it ensures block times remain relatively stable while also preventing a large miner from eating up too much hashrate.\nThis latest adjustment is a notable bump, Compass mining CEO Whit Gibbs told CoinDesk, because it’s likely attributable to tens of thousands of new machines coming online that were previously on backorder in the ASIC supply chain.\nHe said the current adjustment is just a sampler of the flood of hashrate that will come online in 2022 as moreback-ordered shipmentsare filled.\nRelated:Crypto Long & Short: Bitcoin Outflows Aren't the Bullish Signal You Think They Are\n“Today’s moderately large difficulty increase is not surprising, and I expect it’s only a taste of what will come later in this year and into 2022, as delayed machine shipments start arriving and being deployed. The pending flood of hashrate about to enter the market will only continue pushing bitcoin’s mining difficulty higher, which should track with bitcoin’s price,” Gibbs said.\nAs bitcoin’s price has gone stratospheric, mining investments are shooting the moon along with it. North American miners likeHut 8,Marathon,Blockcapand others have used 2021 as an opportunity to aggressively expand operational capacity. As these machines come online, Bitcoin’s hashrate and difficulty are rising in step with miner revenues, whichhit a record $1.5 billionin the month of March.\n• Bitcoin Mining Difficulty Hits All-Time High as Delayed ASIC Shipments Come Online\n• Bitcoin Mining Difficulty Hits All-Time High as Delayed ASIC Shipments Come Online", "Bitcoin’s mining difficulty hit an all-time high today after a roughly 6% increase, a mo
**Last 60 Days of Bitcoin's Closing Prices:**
[33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-02
**Financial & Commodity Data:**
- Gold Closing Price: $1726.50
- Crude Oil Closing Price: $61.45
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,114,716,571,719
- Hash Rate: 160517766.38346806
- Transaction Count: 305788.0
- Unique Addresses: 795716.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Huw Jones LONDON, March 2 (Reuters) - European shares paused on Tuesday as investors sought to guess the bond market's next move, while weak German retail sales were a stark reminder of continued COVID-19 fallout on the region's biggest economy. Overnight falls in Asian stockmarkets, after a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets, and a drop in oil prices also weighed on sentiment, but the dollar was steady, along with U.S. Treasuries. Analysts said a pause was to be expected after European shares had marked their best day in nearly four months on Monday when bond markets stabilized from a sharp selloff last week. "We are in the yield waiting room to see whether central bankers push back this week on the ambivalence we saw last week about interest rates," said Michael Hewson, chief market analyst at CMC Markets. "Potentially that was a mistake, giving the impression that the U.S. did not really care about sharp rises in yields and sending the wrong message." The pan-European STOXX 600 share index edged 0.2% higher, with Paris down, while Frankfurt and London eked out slim gains. Investors will scrutinise speeches from U.S. Federal Reserve officials, starting with Lael Brainard at 1800 GMT on Tuesday, for any tweaks to messages on bond yields. European Central Bank vice president Luis de Guindos said the ECB has the flexibility to counter any undesired rise in bond yields, helping to soothe the German bund in early trading. "We will have to see whether this increase in nominal yields will have a negative impact on financing conditions," de Guindos told Portuguese newspaper Público in comments published on Tuesday. Among the day's economic data, German retail sales tumbled more than expected in January as an ongoing lockdown to fight the coronavirus pandemic curtailed retail spending. U.S. stock futures were weaker . CHINA BUBBLE WARNING Story continues Shares in mainland China and Hong Kong fell after a top regulatory official expressed concerns about the risk of bubbles bursting in foreign markets. "Financial markets are trading at high levels in Europe, the U.S. and other developed countries, which runs counter to the real economy," Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, told a news conference. Chinese blue-chips slipped 1.3% while Hong Kong's Hang Seng Index lost 1.2%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.33%. Japan's Nikkei was down 0.8% as some investors booked profits on defensive energy and utility shares before the end of the fiscal year this month. U.S. stocks rallied overnight, with the S&P 500 posting its best day in nearly nine months, as bond markets calmed after a month-long selloff. U.S. stocks were roiled last week when a selloff in Treasuries pushed the 10-year Treasury yield to a one-year high of 1.614%. The 10-year yield was flat at 1.4308%. Bitcoin fell 1% to $49,135 after rising nearly 7% on Monday. The U.S. dollar index was up 0.3% against a basket of currencies to stand at 91.32. A stronger greenback weighed on gold, with the yellow metal at $1,719.74 an ounce, down 0.2%. Oil prices slid on expectations that OPEC would agree to raise oil supply at a meeting this week. Brent crude dropped 68 cents, or 1.05%, to $63.01 a barrel. U.S. West Texas Intermediate (WTI) crude fell 58 cents, or 0.9%, to $60.05 a barrel. (Reporting by Huw Jones in London, Julie Zhu in Hong Kong; Editing by Susan Fenton)...
- Reddit Posts (Sample): [['u/ConalR', 'Recap of BCH advancements over BTC since fork', 154, '2021-04-02 00:44', 'https://www.reddit.com/r/btc/comments/mi70i1/recap_of_bch_advancements_over_btc_since_fork/', 'There\'s been a whirlwind of innovation since bitcoin cash liberated itself from BTC over 3 years ago, it is hard sometimes hard to keep up. So in simple summarized paragraphs I just wanted to list what I know in the way of the main additions and improvements, especially for new comers\n\n# Base protocol changes\n\n\\#1 **Removal of 1mb limit on blocksize.** Greatly Increasing the transaction capacity of bitcoin cash, massively improving transaction certainty and lowering fees. This also prevents transaction fee market like on BTC and enables rapid 0 confirmation transactions to have more security and certainty of success. It also allowing miners to dynamically choose what the blocksize limit should be based on their costs and hardware capabilities (which is always improving at a great rate). An important knock-on effect of high tx capacity/blocksize is the energy efficiency of BCH in terms of mining energy use per transaction confirmed, currently this is approx 100x lower than BTC (assuming price parity) and is improving all of the time.\n\n\\#2 **Avoidance of segwit.** Segwit was implemented on BTC in late 2017. It is a messy and overengineered way to increase the block size limit by a very small amount and prevent TX malleability on some BTC transactions (Tx malleability has been fixed on BCH much more cleanly with schnorr signatures) .Segwit[ changed BTC fundamentally from the bitcoin white paper definition of bitcoin as a "chain of digital signatures" and alters the incentives in the network as a whole.](https://www.youtube.com/watch?v=VoFb3mcxluY)\n\n\\#3 **Removal of Replace-by-fee (RBF)** This "feature" was added to [allow people to double spend BTC more easily](https://bitcoinops.org/en/topics/replace-by-fee/), it was created because transactions often get stuck on BTC due to the prohibitively small blocksize. RBF makes 0 confirmation transactions completely untrustworthy so that BTC is far less safe to accept as a means of payment in small day-to-day transactions where speed matters. [RBF has been used successfully to rob businesses out of BTC](https://www.ccn.com/bitcoin-atm-double-spenders-police-need-help-identifying-four-criminals/)\n\n\\#4 **Enabling op-codes** To allow for smart functionality on bitcoin cash, like the creation of colored coins and representative tokens, alongside the ability to perform smart contracts, but in a more simplified and scalable manner than ethereum’s solidity programming language. This has enabled BCH to be much more than just cash, it can now perform more complex financial and legal actions by acting as a decentralized, smart and low cost platform of trust.\n\n\\#5 **Enabling Schnorr signatures**. Schnorr signatures are a cleaner and more efficient way to sign and validate transactions, Schnorr signatures are provably non-malleable and allow multiple parties to collaborate to produce a signature that is valid for the sum of their public keys. This is the building block for various higher-level constructions that [improve efficiency and privacy](https://blog.bitcoin.com/an-expert-explains-the-upcoming-bch-network-upgrade/)\n\n\\#6 **Canonical Transaction Ordering** **(CTOR)** This has many efficiency benefits, especially in the context of having very large blocks. Miners no longer need to discover a valid ordering saving About 70% of block template creation time. No need to worry about intermediate states during block validation. This ensures that block validation can be perfectly parallel \\[3\\]. Ethereum’s scalability suffers from having a large number of intermediate states, for example. It makes encoding and transmitting blocks a lot easier by allowing nodes to communicate only the transactions that differ between their mempools and a recently published block. This is what Graphene \\[4\\] does, and it works very efficiently with CTOR. CTOR reduces system complexity, eliminating the entire class of attack vectors where a malicious miner can publish a large block with a transaction ordering that is as slow to validate as possible. [Read in depth here](https://jtoomim.medium.com/canonical-block-order-or-dbe3ac48bcd3)\n\n\\#7 **Graphene** Graphene, at a high level, is an efficient means of communicating new blocks to the network. The content of blocks, transactions, must be validated by others on the network. The validation process takes some time and some of the validation done by nodes can be unnecessary or redundant, slowing down block propagation. Making this process more efficient and squeezing out bottlenecks can allow bigger and bigger blocks of transactions to flow throughout the network without issues. A more efficient means of propagation means the possibility for greater transaction throughput in the future.\xa0The graphene protocol makes use of two technologies: bloom filters and invertible bloom look up tables (IBLTs). These technologies help reconcile between what a node already knows and what information it needs to know from another node. Previously, without the help of Graphene, nodes were communicating blocks to others by dumping all of the raw transaction data on them without taking into account what the node they’re communicating with already knows. [Read in depth here](https://edge.app/blog/bitcoin-cash-development-update-storm-and-graphene-v2/)\n\n# Secondary Protocols\n\n\\#1 **Cash shuffle & Cash Fusion** compliment each other to enable privacy/fungibility of transactions on BCH. CashShuffle is a protocol for allowing users to combine their transactions with others, creating obfuscation. It builds upon CoinShuffle and adds a matching service. As such, it is a more complete and usable protocol. Cash fusion is Trustless, obfuscated coin consolidation.\n\n\\#2 **Simple-ledger-protocol** The simple ledger protocol (SLP) is a token protocol for the Bitcoin Cash network, that enables anyone to create and manage tokens on-chain. The simple ledger protocol is arguably the simplest and easiest to use token token creation system across all blockchains yet. SLP tokens can easily be created, traded, and managed on the Bitcoin Cash blockchain within seconds for fractions of a penny per transaction.\n\n\\#3 **Smart-BCH** Smart Bitcoin Cash is a sidechain for Bitcoin Cash and has an aim to explore new ideas and unlock novel possibilities. By developing optimized, high-throughput and hardware-friendly libraries compatible with the de facto standards of smart contracts, DeFi applications can be easily migrated into Bitcoin Cash\'s ecosystem and run fluently at low cost. It is compatible with Ethereum\'s EVM and Web3 API and provides high throughput for DApps in a fast, secure, and decentralized manner.\n\n\\#4 [**Local.bitcoin.com**](https://Local.bitcoin.com) Local Bitcoin is a private peer-to-peer platform where you can find others who are interested in trading BCH for local currencies, It is completely non-custodial and enables trades via a blind escrow smart contract.\n\n \\#5 **Cash Accounts** [https://www.cashaccount.info/](https://www.cashaccount.info/) \\- You can send Bitcoin Cash to an easy to remember alias such as Eric#100 instead of the difficult to remember Bitcoin Cash wallet address.\n\n\\#6 **Scalenet** [https://np.reddit.com/r/btc/comments/j66eh8/scalenet\\_and\\_testnet4\\_are\\_online\\_and\\_open\\_for/](https://np.reddit.com/r/btc/comments/j66eh8/scalenet_and_testnet4_are_online_and_open_for/) \\- Bitcoin Cash is doing the ground work to cater for Visa/Mastercard volumes level and then to be used by the entire world.\n\n\\#7 **Mainnet.cash** \\- Making things easy for developers to start building on Bitcoin Cash. The codes are very simple to understand for new developers.\n\n\\#8 **Any hedge** [Decentralized derivative markets](https://anyhedge.com/) the first DeFi product on BCH \n\n\\#9 **Flip starter** [Peer to Peer crowdfunding](https://flipstarter.cash/) \n\n\\#10 **Detoken** A trustless, limitless and secure platform for accessing peer-to-peer financial products from anywhere in the world. [https://detoken.net/](https://detoken.net/)\n\n# Smart Contract languages\n\n\\#1 **CashScript** CashScript is a high-level programming language for smart contracts on Bitcoin Cash. It offers a strong abstraction layer over Bitcoin Cash\' native virtual machine, Bitcoin Script. Its syntax is based on Ethereum\'s smart contract language Solidity, but its functionality is very different since smart contracts on Bitcoin Cash differ greatly from smart contracts on Ethereum. For a detailed comparison of them, refer to the blog post [*Smart Contracts on Ethereum, Bitcoin and Bitcoin Cash*](https://kalis.me/smart-contracts-eth-btc-bch/).\n\n\\#2 **Spedn** Spedn is a high level smart contracts programming language for Bitcoin Cash. It is designed for explicitness and safety (still in development)\n\n**For a comprehensive list of services/projects see here:** [https://awesomebitcoin.cash/](https://awesomebitcoin.cash/)\n\n**For a comprehensive list of future and past upgrades to BCH see here:** [https://cash.coin.dance/development](https://cash.coin.dance/development)\n\n***Please comment If I get something wrong or am missing an important feature and I\'ll update***', 'https://www.reddit.com/r/btc/comments/mi70i1/recap_of_bch_advancements_over_btc_since_fork/', 'mi70i1', [['u/MobTwo', 22, '2021-04-02 02:03', 'https://www.reddit.com/r/btc/comments/mi70i1/recap_of_bch_advancements_over_btc_since_fork/gt39j6i/', 'I would also like to mention...\n\nCash Accounts https://www.cashaccount.info/ - You can send Bitcoin Cash to an easy to remember alias such as Eric#100 instead of the difficult to remember Bitcoin Cash wallet address.\n\nScalenet https://np.reddit.com/r/btc/comments/j66eh8/scalenet_and_testnet4_are_online_and_open_for/ - Bitcoin Cash is doing...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 0.39% on Friday. Reversing a 0.12% decline from Thursday, Bitcoin ended the day at $58,959.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $58,328.0 before making a move. Steering clear of the first major support level at $57,958, Bitcoin rallied to an early morning intraday high $60,190.0. Bitcoin broke through the first major resistance level at $59,486 before hitting reverse. Coming within range of the second major resistance level at $60,259, Bitcoin fell back to a late in the day low $58,400. Finding late support, however, Bitcoin broke back through to $58,900 levels to end the day in positive territory. The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Friday. Polkadot rallied by 9.16% to lead the way, with Bitcoin Cash SV (+7.06%), Chainlink (+7.90%), and Ethereum (+8.43%) also making solid gains. Binance Coin (+1.15%), Cardano’s ADA (+0.72%), Crypto.com Coin (+2.09%), Litecoin (+4.32%), and Ripple’s XRP (+6.00%) trailed the front runners. In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Friday high $1,929bn. At the time of writing, the total market cap stood at $1,892bn. Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Friday low 58.16%. At the time of writing, Bitcoin’s dominance stood at 58.61%. This Morning At the time of writing, Bitcoin was up by 0.61% to $59,321.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,944.0 before rising to a high $59,430.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the majors. Ethereum bucked the trend early on, falling by 0.98%. It was a bullish start for the rest of the pack, however. Story continues At the time of writing, Polkadot was up by 7.06% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $59,159 to bring the first major resistance level at $60,000 into play. Support from the broader market would be needed for Bitcoin to break out from $59,500 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $60,190.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at 14 th March swing hi $61,699.0 before easing back. The second major resistance level sits at $61,021. Failure to avoid a fall through the $59,159 pivot would bring the first major support level at $58,128 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 support levels. The second major support level sits at $57,297. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – April 3rd, 2021 USD/JPY Weekly Price Forecast – US Dollar Continues to Plow Higher Silver Weekly Price Forecast – Silver Markets Bounce From 50 Week EMA Organic Soybean Processors of America Takes On India in Antidumping Case The Weekly Wrap – Impressive Economic Data and Market Optimism Delivers Another Dollar Gain US Non-Farm Payrolls Up 916K in March; Hospitality, Construction Contribute to the Surge', 'Bitcoin , BTC to USD, rose by 0.39% on Friday. Reversing a 0.12% decline from Thursday, Bitcoin ended the day at $58,959.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $58,328.0 before making a move. Steering clear of the first major support level at $57,958, Bitcoin rallied to an early morning intraday high $60,190.0. Bitcoin broke through the first major resistance level at $59,486 before hitting reverse. Coming within range of the second major resistance level at $60,259, Bitcoin fell back to a late in the day low $58,400. Finding late support, however, Bitcoin broke back through to $58,900 levels to end the day in positive territory. The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Friday. Polkadot rallied by 9.16% to lead the way, with Bitcoin Cash SV (+7.06%), Chainlink (+7.90%), and Ethereum (+8.43%) also making solid gains. Binance Coin (+1.15%), Cardano’s ADA (+0.72%), Crypto.com Coin (+2.09%), Litecoin (+4.32%), and Ripple’s XRP (+6.00%) trailed the front runners. In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Friday high $1,929bn. At the time of writing, the total market cap stood at $1,892bn. Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Friday low 58.16%. At the time of writing, Bitcoin’s dominance stood at 58.61%. This Morning At the time of writing, Bitcoin was up by 0.61% to $59,321.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,944.0 before rising to a high $59,430.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the majors. Ethereum bucked the trend early on, falling by 0.98%. It was a bullish start for the rest of the pack, however. Story continues At the time of writing, Polkadot was up by 7.06% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $59,159 to bring the first major resistance level at $60,000 into play. Support from the broader market would be needed for Bitcoin to break out from $59,500 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $60,190.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at 14 th March swing hi $61,699.0 before easing back. The second major resistance level sits at $61,021. Failure to avoid a fall through the $59,159 pivot would bring the first major support level at $58,128 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 support levels. The second major support level sits at $57,297. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – April 3rd, 2021 USD/JPY Weekly Price Forecast – US Dollar Continues to Plow Higher Silver Weekly Price Forecast – Silver Markets Bounce From 50 Week EMA Organic Soybean Processors of America Takes On India in Antidumping Case The Weekly Wrap – Impressive Economic Data and Market Optimism Delivers Another Dollar Gain US Non-Farm Payrolls Up 916K in March; Hospitality, Construction Contribute to the Surge', 'The first quarter of the current year saw $2.6 billion of investments in blockchain-focused startups. 129 blockchain companies received $2.6 billion of investments in Q1 2021, according to data from tech market intelligence platform CB Insights. The figure is already greater than that in the previous full year, wherein blockchain firms secured $2.3 billion in 341 deals. Among the largest deals in the past quarter, the analytics firm cited recent capital inflows into Dapper Labs, the company behind the highly successful CryptoKitties and NBA Top Shot, crypto service provider Blockchain.com, and crypto lender BlockFi Inc. Indeed, Dapper Labs received $305 million in funding from investors such as Michael Jordan and Kevin Durant, with the entire round being led by investment firm Coatue. The funding put the startup’s valuation at a staggering $2.6 billion. London-based Blockchain.com announced that it had raised $300 million in its Series C round of funding, which put the company’s valuation at $5.2 billion. This latest round came just one month after the company had raised $120 million, with Louis Bacon and Kyle Bass among its investors. As BeInCrypto previously reported, institutional and enterprise investors began to pile into the crypto industry en masse in 2020. Big names such as MicroStrategy, Paul Tudor Jones, Grayscale, PayPal, Massachusetts Mutual Life Insurance Co., and many others turned to cryptocurrencies. Corporates have ostensibly been replacing dollars in their treasuries. Bitcoin is now seen as part of a risk-on inflation hedge. Gold is being replaced with bitcoin as well. This fits the change in view of bitcoin as a means of storing value, instead of a currency. That alone apparently makes bitcoin a more interesting investment asset for institutional investors than before.', 'The first quarter of the current year saw $2.6 billion of investments in blockchain-focused startups.\n129 blockchain companies received $2.6 billion of investments in Q1 2021,according to datafrom tech market intelligence platform CB Insights. The figure is already greater than that in the previous full year, wherein blockchain firms secured $2.3 billion in 341 deals.\nAmong the largest deals in the past quarter, the analytics firm cited recent capital inflows into Dapper Labs, the company behind the highly successful CryptoKitties and NBA Top Shot, crypto service provider Blockchain.com, and crypto lender BlockFi Inc.\nIndeed, Dapper Labsreceived $305 million in fundingfrom investors such as Michael Jordan and Kevin Durant, with the entire round being led by investment firm Coatue. The funding put the startup’s valuation at a staggering $2.6 billion.\nLondon-based Blockchain.com announced that it hadraised $300 million in its Series Cround of funding, which put the company’s valuation at $5.2 billion. This latest round came just one month after the company had raised $120 million, with Louis Bacon and Kyle Bass among its investors.\nAs BeInCrypto previously reported, institutional andenterprise investors began to pile into the cryptoindustry en masse in 2020. Big names such as MicroStrategy, Paul Tudor Jones, Grayscale, PayPal, Massachusett
**Last 60 Days of Bitcoin's Closing Prices:**
[35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-03
**Financial & Commodity Data:**
- Gold Closing Price: $1726.50
- Crude Oil Closing Price: $61.45
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,107,087,923,425
- Hash Rate: 150672055.73110902
- Transaction Count: 281717.0
- Unique Addresses: 704293.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The U.S.-focused gambling operator DraftKings ’ shares jumped over 6% on Friday after it reported better-than-expected earnings in the fourth quarter and raised 2021 revenue guidance well ahead of analysts’ expectations. Boston-based sports betting platform said its revenue increase of 146% to $322 million in the quarter ended December 31, 2020, up from $131 million during the same period a year ago. That was above Wall Street’s consensus estimates of $232.6 million. DraftKings raised their forecasts for 2021 revenue in the range of $900 million to $1 billion from the previous target of $750 million-$850 million. That was also above the market expectations of $872.15 million for the year. Following this optimism, DraftKings shares, which surged over 335% in 2020 and added another 32% so far this year, closed 6.43% higher at $61.53 on Friday. “Following DraftKings ‘ reported Q4:20 results, we are raising our FY21 revenue estimates reflecting upwardly revised management guidance. Our price target goes from $55 to $60 based on higher out-year estimates, driving an upward revision to our DCF. We remain Market Perform given tough 2H:21 compares including a moderating shelter-at-home tailwind and a cautious stance on the upcoming Investor Day,” said Stephen Glagola, equity analyst at Cowen and Company. Executive Comments “With a favorable fourth quarter sports calendar and strong marketing execution, DraftKings was able to generate tremendous customer acquisition and engagement that propelled us to $322 million in fourth-quarter revenue, a 98% year over year increase,” said Jason Robins, DraftKings ’ co-founder, CEO and Chairman of the Board. “In the fourth quarter of 2020, we saw MUPs increase 44% to 1.5 million and ARPMUP increase 55% to $65. We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business, and newly launched states that were not included in our previous guidance.” Story continues DraftKings Stock Price Forecast Fifteen analysts who offered stock ratings for DraftKings in the last three months forecast the average price in 12 months of $66.07 with a high forecast of $100.00 and a low forecast of $41.00. The average price target represents a 7.38% increase from the last price of $61.53. From those 15 analysts, 10 rated “Buy”, four rated “Hold” and one rated “Sell”, according to Tipranks. Morgan Stanley gave the base target price of $66 with a high of $188 under a bull scenario and $13 under the worst-case scenario. The firm gave an “Overweight” rating on the gambling operator’s stock. “4Q results and 2021 guidance were better than expected. We expect iGaming share to be higher than we previously forecasted. As a result, our ’25e EBITDA rises to $1.1 billion, and our price target goes to $66 accordingly. Reiterate Overweight,” said Thomas Allen, equity analyst at Morgan Stanley. Several other analysts have also updated their stock outlook. Truist Securities raised the price target to $65 from $60. Evercore ISI upped the stock price forecast to $75 from $70. JP Morgan increased the price target to $58 from $48. BofA Global Research raised the price objective to $65 from $60. Bernstein started covering with an outperform rating and set the price target at $71. Analyst Comments “We forecast legal US sports betting & iGaming to increase from <$1.5 billion in 2019 to $15 billion in 2025, with COVID-19 increasing the market opportunity as states look for new sources of tax revenue. Forecast DraftKings to maintain top 2 shares, 25% in sports betting and 18% in iGaming in 2025,” Morgan Stanley’s Allen added. “CAC advantage through its legacy Daily Fantasy Sports (DFS) database and improving marketing efficiency drives 30%/34% 2025/2028 EBITDA margins.” Check out FX Empire’s earnings calendar This article was originally posted on FX Empire More From FXEMPIRE: Bitcoin and Cardano’s ADA – Weekly Technical Analysis – March 1st, 2021 The Crypto Daily – Movers and Shakers – March 1st, 2021 Foot Locker Runs Into Sellers as Sales Miss Forecasts GBP/USD Daily Forecast – U.S. Dollar Pulls Back Gold And US Treasuries – Punctures In The Everything-Bubble AUD/USD Daily Forecast – Australian Dollar Moves Higher After Recent Sell-Off...
- Reddit Posts (Sample): [['u/Accomplished_Dig_247', '6 green months in a row. If you bought bitcoin on the first day of any month in the last 6 months, you’re in profit.💰', 136, '2021-04-03 00:01', 'https://www.reddit.com/r/Bitcoin/comments/miusnr/6_green_months_in_a_row_if_you_bought_bitcoin_on/', 'Moral of the story, it’s the beginning of the month…buy time💎', 'https://www.reddit.com/r/Bitcoin/comments/miusnr/6_green_months_in_a_row_if_you_bought_bitcoin_on/', 'miusnr', [['u/diydude2', 23, '2021-04-03 01:20', 'https://www.reddit.com/r/Bitcoin/comments/miusnr/6_green_months_in_a_row_if_you_bought_bitcoin_on/gt6x63p/', "Don't jinx it!\n\nSeriously, though, a down month or two would probably be good. That's where strong hands are forged, and strong hands make Bitcoin strong in the longer run.", 'miusnr'], ['u/ElotElot', 14, '2021-04-03 02:57', 'https://www.reddit.com/r/Bitcoin/comments/miusnr/6_green_months_in_a_row_if_you_bought_bitcoin_on/gt779bp/', 'Me being a dumbass and mistyping ETH 😂', 'miusnr'], ['u/YESitsascam', 17, '2021-04-03 06:07', 'https://www.reddit.com/r/Bitcoin/comments/miusnr/6_green_months_in_a_row_if_you_bought_bitcoin_on/gt7pz85/', 'And yet people here are ready to buy your typocoin.', 'miusnr']]], ['u/mcerisano', 'Bingus 2: Community Redemption Boogaloo', 177, '2021-04-03 00:10', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/', "UPDATE: 3.5 hours after launch look at this insane chart. [https://imgur.com/BQkd5Sm](https://imgur.com/BQkd5Sm)\n\nNo one is selling. Bingus is gonna stick around.\n\n**Long post, the Saga of Bingus. TL;DR The first Bingus died because an honest mistake, it’s been revived and launched about 15 minutes ago by an extremely committed community and has a very bright future.**\n\nTwo days ago I posted what I believed to be an extremely solid project for once, Bingus. ([LINK](https://www.reddit.com/r/CryptoMoonShots/comments/mhak3i/bingus_token_a_new_kitty_has_arrived_i_thought/)). A cat token with meme and charity potential especially after the grumpy disaster. As I always am in my reddit posts I was open and honest about the coin.\n\nIt was very promising. The community was wholesome and we grew, very quickly over 24 hours. I truly believed I had found the next Grumpy, without copyright issues and without baggage. The wholesome dev had launched this as a fun little project, had seen their little coin quickly becoming much much more. It was really amazing to watch. Price floor after price floor were found it we we’re growing fast. Charties started to be looked into to begin donations.\n\nThen the unthinkable happened. The contract that Bingus Dev had used had a mint function in it. They had cloned a bad contract for their passion project. A user on 4chan noticed and I noticed the dev immediately. They were crushed, they didn’t know it was there and hadn’t minted a single new coin. We discussed possible solutions but the only one that made sense was to tell the community immediately. The sell off had already begun from the news on 4chan and the TG deserved to know. So the dev did the right thing and told them immediately.\n\nThen the sell off really went wild. Since I had provided most of the 2BNB+ liquidity for the coin (the dev didn’t launch this with much as it was a passion project for them) it had become about 13 BNB during the pump. At the peak my total investment of 4 BNB (Liquidity and coins) was 25. I told the chat I’d hold for the next few hours and let them cash out. I had made the reddit post, I had shilled and recommended the coin, I would go down with the ship. And I did.\n\nIn the end I lost about 2BNB. But something insane and wonderful happened. The community stuck around. About 90% of the people stuck around and wanted to relaunch the coin. So I reached out to a Dev friend of mine that I’m working on a larger long term project with. They volunteered to create a new clean contract for Bingus and help provide liquidity for launch. I decided to throw in some of the last of my own BNB to do the same, and other from the community did as well. An actual community relaunch.\n\nBingus 1.0 was a very simple BSC contract. Now the coin has a 1% burn, a 1% reflect to all holders, and an 1% automatic charity wallet feature that is to be donated to animal shelters that accept BTC.\n\nBingus 2.0 has just launched, about 30 minutes ago. Its been a crazy ride the past week, and the community is more committed than ever. We will be getting an audit done shortly to give as much confidence in the project as possible. I can say without question that this is a solid project now. It took a whole lot of work to get to this point, but I absolutely place my reputation on the line with this one.\n\nHope to see you in the TG.\n\nObviously Coingecko and Coin Market Cap have already been applied for.\n\n**Where to buy:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8)\n\n🌎**Website** (work in process, new custom one coming later):\n\n[http://bingus.finance/](http://bingus.finance/)\n\n🌎**Telegram**:\n\n[https://t.me/bingustoken2official](https://t.me/bingustoken2official)\n\n**Chart**: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8)\n\n**Twitter**: [https://twitter.com/BingusToken?s=09](https://twitter.com/BingusToken?s=09)\n\n**BSC SCAN**: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8)\n\nThe Dev also INSISTS we put this following into any posts about Bingus. They are all about keeping a clean conscience, luckily I totally agree with them. That's why I am holding this for the foreseeable future.\n\nI would not promote anything I would not put my own money into! But, please always DYOR! I am a stranger on the internet, however, I wish to build credibility with the community. I am willing to doxx myself soon if that’s something the community is interested in. I would love to build a community to help donate to animal shelters because that is what is truly important to me. REMEMBER - Don’t buy crypto with the money you need for something else. Pay your medical bills, your rent, maybe buy a friend a coffee, whatever, before you buy crypto.", 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/', 'miuyfc', [['u/KristinnEs', 11, '2021-04-03 00:13', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6pu87/', 'I was part of the original community :) Loved the folks. This is a good coin to buy. Everyone loves a Bingus', 'miuyfc'], ['u/Pdvsky', 17, '2021-04-03 00:13', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6pwj7/', "Great Dev and great community! I'm going big on this!", 'miuyfc'], ['u/[deleted]', 12, '2021-04-03 00:14', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6pyh9/', 'This coin is a real moonshot with a reliable and honest dev and a great community. Better than all the other safescams on this sub. Hodling this coin long term', 'miuyfc'], ['u/spocecowboy', 14, '2021-04-03 00:14', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6pz55/', "Very based, I bought into the first bingus and sold at like a 10x, fuck it I'll buy into this one too... To the moon!", 'miuyfc'], ['u/7katalan', 13, '2021-04-03 00:15', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6q5si/', 'Fuck HOGE we only buy BINGUS in this house', 'miuyfc'], ['u/KristinnEs', 12, '2021-04-03 00:16', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6q6zb/', 'yeah, dudes kept the first one going for a while after launch and after the "incident". I am confident in this, at least for some fun :)', 'miuyfc'], ['u/tyronethemaker', 12, '2021-04-03 00:17', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6qbz8/', "I know how much love was put into this project. This is a great community and a legit project - not a PnD. I'm really excited about this one.", 'miuyfc'], ['u/BlogsterHC', 10, '2021-04-03 00:17', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6qe3z/', '[https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC)\n\nfunds are safe', 'miuyfc'], ['u/BlogsterHC', 10, '2021-04-03 00:18', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6qfzy/', '[https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC)\n\nfunds are safe', 'miuyfc'], ['u/WookieeWiener', 15, '2021-04-03 00:20', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6qn06/', "God damnnit another cat.. Fine I'll put in 0.5BNB", 'miuyfc'], ['u/gurb-it', 12, '2021-04-03 00:31', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6rv9d/', 'fuck floppa, all my homies love bingus', 'miuyfc'], ['u/DevAstral', 10, '2021-04-03 00:32', 'https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/gt6rywr/', 'I’ve been with this bunch of Bingus Dingus since the great cataclysm, and I...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, slid by 3.29% on Saturday. Reversing a 0.39% gain from Friday, Bitcoin ended the day at $57020.0.\nA bullish start to the day saw Bitcoin rise to a late morning intraday high $59,841.0 before hitting reverse.\nFalling short of the first major resistance level at $60,000, Bitcoin slid to a final hour intraday low $56.872.0.\nBitcoin fell through the first major support level at $58,128 and the second major resistance level at $57,297.\nFinding late support, Bitcoin moved back through to $57,000 levels to reduce the deficit on the day.\nIn spite of the move back through to $57,000 levels, Bitcoin failed to break back through the second major support level.\nThe near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nPolkadot rallied by 4.17% to buck the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SV(-8.66%),Chainlink(-9.83%), andLitecoin(-7.60%) led the way down.\nBinance Coin(-4.87%),Cardano’s ADA(-2.42%),Ethereum(-5.86%), andRipple’s XRP(-4.53%) also struggled\nCrypto.com Coinended the day flat, however.\nIn the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Saturday high $1,932bn. At the time of writing, the total market cap stood at $1,802bn.\nBitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Saturday low 57.79%. At the time of writing, Bitcoin’s dominance stood at 58.86%.\nAt the time of writing, Bitcoin was down by 0.66% to $56,642.2. A bearish start to the day saw Bitcoin fall from an early morning high $57,030.0 to a low $56,550.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bearish start to the day.\nAt the time of writing, Crypto.com Coin was down by 6.50% to lead the way down.\nBitcoin would need to move through the pivot level at $57,911 to bring the first major resistance level at $58,950 into play.\nSupport from the broader market would be needed for Bitcoin to break out from $58,500 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at 14thMarch swing hi $61,699.0 before easing back. The second major resistance level sits at $60,880.\nFailure to move through the $57,911 pivot would bring the first major support level at $55,981 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 support levels. The second major support level sits at $54,942.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Walk Trendline\n• Silver Price Forecast – Silver Markets Hanging at $25\n• S&P 500 Price Forecast – Markets Ready to React to Jobs Number\n• Natural Gas Price Forecast – Natural Gas Quiet Into the Weekend\n• USD/CAD Daily Forecast – Canadian Dollar Is Under Pressure\n• The Weekly Wrap – Impressive Economic Data and Market Optimism Delivers Another Dollar Gain', 'Bitcoin , BTC to USD, slid by 3.29% on Saturday. Reversing a 0.39% gain from Friday, Bitcoin ended the day at $57020.0. A bullish start to the day saw Bitcoin rise to a late morning intraday high $59,841.0 before hitting reverse. Falling short of the first major resistance level at $60,000, Bitcoin slid to a final hour intraday low $56.872.0. Bitcoin fell through the first major support level at $58,128 and the second major resistance level at $57,297. Finding late support, Bitcoin moved back through to $57,000 levels to reduce the deficit on the day. In spite of the move back through to $57,000 levels, Bitcoin failed to break back through the second major support level. The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot rallied by 4.17% to buck the trend on the day. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV (-8.66%), Chainlink (-9.83%), and Litecoin (-7.60%) led the way down. Binance Coin (-4.87%), Cardano’s ADA (-2.42%), Ethereum (-5.86%), and Ripple’s XRP (-4.53%) also struggled Crypto.com Coin ended the day flat, however. In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Saturday high $1,932bn. At the time of writing, the total market cap stood at $1,802bn. Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Saturday low 57.79%. At the time of writing, Bitcoin’s dominance stood at 58.86%. This Morning At the time of writing, Bitcoin was down by 0.66% to $56,642.2. A bearish start to the day saw Bitcoin fall from an early morning high $57,030.0 to a low $56,550.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Crypto.com Coin was down by 6.50% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $57,911 to bring the first major resistance level at $58,950 into play. Support from the broader market would be needed for Bitcoin to break out from $58,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at 14 th March swing hi $61,699.0 before easing back. The second major resistance level sits at $60,880. Failure to move through the $57,911 pivot would bring the first major support level at $55,981 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 support levels. The second major support level sits at $54,942. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Walk Trendline Silver Price Forecast – Silver Markets Hanging at $25 S&P 500 Price Forecast – Markets Ready to React to Jobs Number Natural Gas Price Forecast – Natural Gas Quiet Into the Weekend USD/CAD Daily Forecast – Canadian Dollar Is Under Pressure The Weekly Wrap – Impressive Economic Data and Market Optimism Delivers Another Dollar Gain', 'Curve Finance is one of the stalwarts of the decentralized finance space in that it is now more than a year old. The protocol launched in January 2020, to serve as a decentralized exchange liquidity pool for extremely efficient stablecoin trading.\nThere is a fair bit to grasp with how the protocol operates mathematically, but the easiest way to understand Curve is to see it as an exchange. The main aim is to allow users and other decentralized protocols to exchange stablecoins through it with low fees and low slippage.\nSince a number of other decentralized finance (DeFi) protocols access it, it has remained one of the largest in terms of collateral lock up over the past year.\nAt the time of writing, DeFi Pulse currently reported it as the fifth largest with over $4 billion in total value locked (TVL). This figure has surged 190% over the past six months. The protocol launched its own Curve DAO token (CRV) in mid-August 2020 which brought with it even more attention.\nIn this DeFi Deep Dive, we will take a look at protocol pools, tokenomics, and why it has become so popular with other platforms.\nCurve Finance launched in January 2020 with a rather retro-looking 1990’s web interface designed to essentially aggregate stablecoin liquidity.\nRussian physicist Michael Egorov created the protocol. He is a seasoned cryptocurrency veteran who began investing in bitcoin (BTC) in 2013. Before Curve, Egorov founded a fintech company called NuCypher in 2016 which specialized in encryption technologies.\nEgorov started to delve into DeFi protocols in 2018. He started withMakerDAO, which was one of the few available at the time. The following year seeking a better Decentralised Exchange (DEX) than Uniswap, he developed a new exchange called StableSwap. It went live in early 2020 as Curve Finance.\nThe algorithm was first validated with simulations of a portfolio of stablecoins. These were arbitraged with several centralized exchanges based on historical data. The early tests showed huge returns, which eventually spawned the concept of Curve liquidity pools.\nWithin ten days of launch, the unaudited Curve protocol had accrued $500,000 in TVL, according to aninterview with Egorovon DeFiPrime at the time.\nTo avoid a restrictive regulatory environment in the United States, Curve Finance based itself in the blockchain friendly nation of Switzerland.\nCompound Finance was one of thefirst to launch a governance token and pioneer yield farming. Following its successes, Curve would not be far behind.\nPrior to its official launch, CRV was one of the most highly anticipated and talked about tokens. The protocol was performing well with more liquidity than the likes of Compound Finance,Aave, and Balancer at the time.\nOn Aug. 14, 2020, the CRV token wassuddenly launched by an anonymous developer. No one, including the Curve Finance team, knew it was happening.\nThe developer, known as ‘0xc4ad’ wasable to do thisbecause the token and DAO code was available on GitHub. As a result, all he had to do was to put the two together and launch the smart contract.\nAfter initial fears of a scam, the Curve team had to acknowledge the front-running attempt to deploy its smart contracts. It accepted it as all checked out with the code and keys.\nThe crypto community was a little irked as there was a time delay between the unplanned launch and the Curve confirmation during which 80,000 CRV tokens had already been mined.\nThis led to accusation
**Last 60 Days of Bitcoin's Closing Prices:**
[37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-04
**Financial & Commodity Data:**
- Gold Closing Price: $1726.50
- Crude Oil Closing Price: $61.45
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,083,771,504,788
- Hash Rate: 167924581.1965032
- Transaction Count: 246007.0
- Unique Addresses: 618857.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Entertainment visionary team has been patiently waiting for the Covid Pandemic to subside so he can launch perhaps the most innovative and exciting reality show in history - Fight 2 Fame.
LOS ANGELES, CA / ACCESSWIRE / March 12, 2021 /As vaccines are distributed to millions globally, it seems the leadership provided by the executive team will finally allow everyday people to literally "Fight to Fame." The combat reality show leverages a cryptocurrency known as the FF Token to give contestants and audience members opportunities to compete in front of an unprecedented number of viewers from every corner of the world and get rich. TheFight to Fame launch cannot come soon enoughfor the sports entertainment world and will finally give talented individuals around the world a chance to compete for a title and role in a Hollywood action movie.
It's no secret that bodybuilders, boxing champions, and professionals wrestlers have transitioned from their respective sports into movie stardom. Fight 2 Fame offers rugged contestants a chance to become a household name by proving their determination and toughness during the reality show's proving stages. This 5-stage process will play out in front of audiences using theFF Token as follows.
• 1: Fight 2 Fame contestants develop their stage punching skills through mentorships and compete in choreographed events.
• 2: Brave contestants are tasked with completing high fall events, running through fire, and learning how to handle firearms. This segment measures their ability to perform dangerous stunts at the highest level.
• 3: Audience members fascinated with endurance contests will be glued to their screens as Fight 2 Fame members prove they have the cardiovascular endurance to hang with the best. They will also be pressed to show off feats of strength and agility or get cut from the pack.
• 4: It's no secret that the mainstream media routinely likes to trip up stars with "gotcha" questions. Fight 2 Fame competitors will be trained to deflect and defeat the business's most formidable adversary - the click-bait media. Audiences using the FF Token get to watch whether they will fall for media tricks and become the subject of scandal.
• 5: Respected acting coaches who helped Hollywood stars get where they are will be working closely with Fight 2 Fame competitors.
As they move on to the Grand Finale rounds, one will ascend to Hollywood Action Movie Stardom's ranks. As an audience member, people worldwide will vote for their favorite Fight 2 Fame star to decide who earns Championship Martial Arts Belts and gets to appear in a feature film.
In many ways,Fight to Famebrings together many of the most popular sports entertainment ideas and creates a spectacle that keeps people sitting on the edge of their seats. But what distinguishes the groundbreaking Fight 2 Fame reality show from others is that it employs what is being hailed as the BMS (Blockchain + Movie + Sports) business model. Fight 2 Fame platforms users enjoy a rare opportunity to get in on the FF Token cryptocurrency before the value skyrockets.
The online competition's imminent launch will uniquely position the FF Token in a way never before considered. Chairman Tim Smithe points out that cryptocurrencies have a tremendous upside that has made investors billionaires. Regardless of whether countries around the world recognize them or not, their value continues to increase.
If profit-driving sports such as soccer or MMA used a type of Bitcoin as the way to secure tickets and behind-the-scenes access coverage of the stars, that cryptocurrency might already be among the most valuable. That's why it was a no-brainer for Chairman Tim Smithe to sidestep nationalized currencies and build a sports entertainment empire that allows contestants and audience members alike a chance to win.
Fight 2 Fameis poised to begin as soon as the Covid vaccines put the virus in full retreat. The time is now to sign up to compete or get involved in the FF Token. Fight 2 Fight offers everyone involved a unique opportunity to earn fame and wealth.
Contact:
George KongFight to [email protected]
SOURCE:Fight to Fame
View source version on accesswire.com:https://www.accesswire.com/635202/Fight-2-Fame-Poised-To-Launch-Crypto-Based-Combat-Reality-Show...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 2.12% on Sunday. Partially reversing a 3.29% fall from Saturday, Bitcoin ended the week up by 4.40% to $58,240.2. A bearish start to the day saw Bitcoin fall to an early morning intraday low $56,500.0 before making a move. Steering clear of the first major support level at $55,981.0, Bitcoin rallied to a mid-afternoon intraday high $58,480.0. Falling short of the first major resistance level at $58,950.0, Bitcoin slipped back to sub-$58,000 levels. Finding late support, however, Bitcoin move back through to $58,200 levels to end the day in the green. The near-term bullish trend remained intact supported by the recovery to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Crypto.com Coin fell by 1.95% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Binance Coin and Ripple’s XRP rallied by 8.41% and by 9.69% respectively to lead the pack. Chainlink (+4.96%), Ethereum (+3.35%), Litecoin (+3.58%), and Polkadot (+4.94%) also found strong support. Bitcoin Cash SV (+2.14%), Cardano’s ADA (+1.71%) trailed the front runners, however. It was also a mixed week for the crypto majors. Cardano’s ADA slipped by 0.65% to buck the trend. It was a bullish week for the rest of the pack, however. Binance Coin (+29.93%) and Polkadot (+31.58%) led the way, with Ethereum rallying by 23.09%. Bitcoin Cash SV (+14.66%), Chainlink (+15.29%), and Ripple’s XRP (+16.11%) also made solid gains. Crypto.com Coin (+4.97%) trailed the front runners, however. In the week, the crypto total market fell to a Monday low $1,671bn before rising to a Saturday high $1,932bn. At the time of writing, the total market cap stood at $1,872bn. Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Sunday low 57.67%. At the time of writing, Bitcoin’s dominance stood at 58.01%. Story continues This Morning At the time of writing, Bitcoin was down by 0.09% to $58,185.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,430.0 before falling to a low $58,049.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Ripple’s XRP was down by 1.28% to lead the way down. Binance Coin (-0.30%), Cardano’s ADA (-0.26%), and Ethereum (-0.19%) also joined Bitcoin in the red. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 1.66% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $57,740 to bring the first major resistance level at $58,980 into play. Support from the broader market would be needed for Bitcoin to break out from $58,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at 14 th March swing hi $61,699.0 before easing back. The second major resistance level sits at $59,720. Failure to avoid a fall through the $57,740 pivot would bring the first major support level at $57,000 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 support levels. The second major support level at $55,760 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 5th, 2021 Oil Price Fundamental Weekly Forecast – OPEC+ Gradual Output Increase, Demand Recovery Issues Equal Headwinds AUD/USD and NZD/USD Fundamental Weekly Forecast – RBA Rate Decision, Financial Services Review on Tap The Crypto Daily – Movers and Shakers – April 3rd, 2021 USD/JPY Forex Technical Analysis – Inside Move Being Fueled by Light Holiday Volume USD/JPY Fundamental Weekly Forecast – Traders Will Be Looking for Guidance from Fed Minutes, Chairman Powell', 'Bitcoin, BTC to USD, rose by 2.12% on Sunday. Partially reversing a 3.29% fall from Saturday, Bitcoin ended the week up by 4.40% to $58,240.2.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $56,500.0 before making a move.\nSteering clear of the first major support level at $55,981.0, Bitcoin rallied to a mid-afternoon intraday high $58,480.0.\nFalling short of the first major resistance level at $58,950.0, Bitcoin slipped back to sub-$58,000 levels.\nFinding late support, however, Bitcoin move back through to $58,200 levels to end the day in the green.\nThe near-term bullish trend remained intact supported by the recovery to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Sunday.\nCrypto.com Coinfell by 1.95% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nBinance CoinandRipple’s XRPrallied by 8.41% and by 9.69% respectively to lead the pack.\nChainlink(+4.96%),Ethereum(+3.35%),Litecoin(+3.58%), and Polkadot (+4.94%) also found strong support.\nBitcoin Cash SV(+2.14%),Cardano’s ADA(+1.71%) trailed the front runners, however.\nIt was also a mixed week for the crypto majors.\nCardano’s ADA slipped by 0.65% to buck the trend.\nIt was a bullish week for the rest of the pack, however.\nBinance Coin (+29.93%) and Polkadot (+31.58%) led the way, with Ethereum rallying by 23.09%.\nBitcoin Cash SV (+14.66%), Chainlink (+15.29%), and Ripple’s XRP (+16.11%) also made solid gains.\nCrypto.com Coin (+4.97%) trailed the front runners, however.\nIn the week, the crypto total market fell to a Monday low $1,671bn before rising to a Saturday high $1,932bn. At the time of writing, the total market cap stood at $1,872bn.\nBitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Sunday low 57.67%. At the time of writing, Bitcoin’s dominance stood at 58.01%.\nAt the time of writing, Bitcoin was down by 0.09% to $58,185.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,430.0 before falling to a low $58,049.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nRipple’s XRP was down by 1.28% to lead the way down.\nBinance Coin (-0.30%), Cardano’s ADA (-0.26%), and Ethereum (-0.19%) also joined Bitcoin in the red.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 1.66% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $57,740 to bring the first major resistance level at $58,980 into play.\nSupport from the broader market would be needed for Bitcoin to break out from $58,500 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at 14thMarch swing hi $61,699.0 before easing back. The second major resistance level sits at $59,720.\nFailure to avoid a fall through the $57,740 pivot would bring the first major support level at $57,000 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 support levels. The second major support level at $55,760 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 5th, 2021\n• Oil Price Fundamental Weekly Forecast – OPEC+ Gradual Output Increase, Demand Recovery Issues Equal Headwinds\n• AUD/USD and NZD/USD Fundamental Weekly Forecast – RBA Rate Decision, Financial Services Review on Tap\n• The Crypto Daily – Movers and Shakers – April 3rd, 2021\n• USD/JPY Forex Technical Analysis – Inside Move Being Fueled by Light Holiday Volume\n• USD/JPY Fundamental Weekly Forecast – Traders Will Be Looking for Guidance from Fed Minutes, Chairman Powell', '* U.S. stock futures up 0.5%, Nikkei up\n* Short-term U.S. debt up, markets bet on 2022 rate hike\n* Global asset performance http://tmsnrt.rs/2yaDPgn\n* World FX rates http://tmsnrt.rs/2egbfVh\nBy Hideyuki Sano\nTOKYO, April 5 (Reuters) - Global stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while short-dated U.S. bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated.\nU.S. S&P500 futures traded 0.5% higher, maintaining their gains made during a truncated session on Friday while Japan\'s Nikkei rose 0.8%.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan was almost flat, with China closed for Tomb-Sweeping day and Australia on Easter Monday.\nMSCI\'s all-country world index was almost flat but stood near its highest level since late February and within sight of a record high set that month.\nThe U.S. labour department said on Friday that nonfarm payrolls surged by 916,000 jobs last month, the biggest gain since last August.\nThat was well above economists\' median forecast of 647,000 and was closer to markets\' whisper number of one million. Data for February was also revised higher to show 468,000 jobs created instead of the previously reported 379,000.\n"The data confirmed that the U.S. economic activity is coming back as coronavirus vaccinations are well under way," said Masahiro Ichikawa, chief strategist at Sumitomo Mitsui DS Asset Management.\nWhile employment remains 8.4 million jobs below its peak in February 2020, an accelerating recovery raised hopes the all the jobs lost during the pandemic could be recouped by the end of next year.\nThe prospects of a return to a full employment, in turn, raises question about whether the Fed can stick to its pledge that it will keep interest rates through 2023.\nMarkets have strong doubts, with Fed funds futures fully priced in one rate hike by the end of n
**Last 60 Days of Bitcoin's Closing Prices:**
[36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-05
**Financial & Commodity Data:**
- Gold Closing Price: $1727.00
- Crude Oil Closing Price: $58.65
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,086,075,342,256
- Hash Rate: 179426264.84009933
- Transaction Count: 289046.0
- Unique Addresses: 763702.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.71
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • $7.9 million net revenue for 3rdquarter (a $2.9m or 59% increase year over year)
• $1.7 million net income for 3rdquarter (an increase of $5.5m or 145% year over year)
• $1.4 million increase in cash, cash equivalents, and restricted cash during the nine months ended December 31, 2020 (from $137k at March 31, 2020 to $1.6m at December 31, 2020)
• $12 million decrease in current liabilities during the nine months ended December 31, 2020 (from $20.7m at March 31, 2020 to $8.7m at December 31, 2020)
• $45.6 million reduction in future debt obligations
Eatontown, NJ, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets, has released its financial report (Form 10-Q) for the third quarter of fiscal 2021.
"It was a strong third quarter across our product portfolio with consistent month over month growth. This is a testament to Investview, to execute on our mission to diversify into profitable sectors and provide education and access to leading edge technology, information, and financial tools that empower individuals to improve their quality of life. The world is changing before our eyes and everything we expected to happen with the maturity of financial technology is happening at an accelerated rate. From balancing a checkbook to trading bitcoin, we are preparing individuals worldwide to improve their financial status and provide the education and technology to do it"said Joe Cammarata, Investview CEO.
Investview has refocused the company’s objectives and subsidiaries to drive fintech objectives. The four pillars of this initiative include mining, education, financial trading tools and the newly announced ndau digital currency product packages. Our activities in support of digital currency and blockchain technologies is currently supporting our revenue growth, but more importantly, it is supporting the financial technology platforms that will enable individuals around the world to become “bankable.”
Mario Romano, Director of Finance added,“Our third quarter results demonstrate the impact of the changes we have made over the last twelve months. We are accelerating our revenue growth and increasing our productivity. We see the shift in the global financial landscape and stand ready to do our part in educating retail self-directed investors in taking part in this evolution.”
Third Quarter Fiscal 2021 Financial Highlights
• Consolidated net revenueincreased $2.9 million, or 59% from $5 million to $7.9 million
• Consolidatednet income increased $5.5 million, or 145%, from a net loss of $3.8 million to net income of $1.7 million
Nine Months Ended 12/31/20 Fiscal 2021 Financial Highlights
• Cash, cash equivalents, and restricted cashincreased $1.4 millionfrom $137k to $1.6 million
• Consolidated current liabilitiesdecreased $12 millionfrom $20.7 million to $8.7 million
• Future debt obligations werereduced by $45.6 million
Management Commentary
The company’s ability to navigate the challenges posed by COVID-19 and take necessary definitive actions to protect and preserve business operations assisted in the positive performance for Q3 of fiscal 2021. This included the discontinuation of the APEX program on June 30th, 2020 which had created a total debt obligation in excess of $65 million, of which $23 million had been recorded on our balance sheet with another $42 million of interest expense to be recorded in the subsequent five years. Management was able to successfully buy back our obligations under the APEX program during the three months ended December 31st, 2020 in exchange for promissory notes totaling $19.5 million, resulting in a $45.56 million reduction in our total debt obligations, of which $3.9 million was recorded as a gain on settlement of debt during the three months ended December 31, 2020 and the remaining $42 million will be eliminated from our future interest expense. While this restructure of our debt obligations contributed to the decrease of only $864k in total liabilities, from $24.6 million as of March 31, 2020 to $23.8 million as of December 31, 2020, the savings of $42 million in interest expense over the next 5 years is worthwhile.
“We are extremely pleased with our performance for the three quarters of fiscal 2021 which were delivered in a highly challenging operation environment amidst the COVID-19 pandemic. We are executing our multi-year plan and we are pleased to see it generating revenue and profitability,”added Joe Cammarata, CEO.
Business Outlook
Based on recent events that have unfolded in the on-line retail investor space, we see that the need has never been greater for comprehensive investor education which we currently deliver in over 100 countries worldwide. The growth of individual self-directed investors due to social media and other information forums turns our focus to the planned ownership of an on-line broker dealer dedicated to meeting the needs of this trader profile.(Reference: Investview (“INVU”) Enters Into $11 Million Stock Purchase with Strategic Fintech Partner Press Release April, 2020)With the ability to educate and identify the tools required by today’s multi-generational investor base, we are provided a unique opportunity to deliver a leading edge trade experience.
While the magnitude and duration of the COVID-19 pandemic and its impact on general economic conditions remains uncertain, the Company is continuing to monitor the impact of the outbreak on its operations and financial condition. Please note that ongoing uncertainties surrounding the impact of COVID-19 on the Company's business, which may include the economic impact on its operations, raw material costs, consumers, suppliers, vendors, and other factors outside of its control, may have a material adverse impact on the Company's financial outlook.
About Investview, Inc.
Investview, Inc. is a diversified financial technology and global distributor organization that operates through its subsidiaries to provide financial education tools, content, research, and management of digital asset technology that mines cryptocurrencies, with a focus on Bitcoin mining and the generation of digital assets. For more information on Investview and its family of wholly owned subsidiaries, please visit:www.investview.com.
Forward-Looking Statements
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may,” “should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. (“INVU”) assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
Investor RelationsContact: Mario RomanoPhone Number: 732.889.4308Email:[email protected]...
- Reddit Posts (Sample): [['u/arben05', 'Cashed out today to buy a new Gaming PC', 11, '2021-04-05 00:09', 'https://www.reddit.com/r/Bitcoin/comments/mk63w3/cashed_out_today_to_buy_a_new_gaming_pc/', 'Around 7 months ago I started to learn about finance and decided to invest in stocks, but as there isn’t any broker for that in Albania I decided to look for other options. I had heard about Bitcoin but didn’t understand it at all. So after watching a lot of videos I wanted to invest 100$ that I had gotten from summer work.\n\nWith the help if my parents I opened an account on cex.io, did KYC and deposited the 100$. As I was still new I bought BTC and also started doing Leverage Trading (bad idea) but after losing money I stopped and decided to just hodl.\n\nFast forward some months BTC is around 58k $ and I have enough money to buy a mid-range gaming PC so I just sold off everything I had.\n\nI know it isn’t the best time to buy a PC right now as GPU prices have skyrocketed but I am starting programming and getting more serious about gaming so it’s kinda needed.\n\nTLDR: Cash-out whenever you feel like it or you need the money to buy / do something.', 'https://www.reddit.com/r/Bitcoin/comments/mk63w3/cashed_out_today_to_buy_a_new_gaming_pc/', 'mk63w3', [['u/xrpsuckz', 16, '2021-04-05 00:24', 'https://www.reddit.com/r/Bitcoin/comments/mk63w3/cashed_out_today_to_buy_a_new_gaming_pc/gte4f5v/', 'Step 2: regret selling in 10 years, and tell everyone about how much your outdated gaming PC could have been worth', 'mk63w3'], ['u/Uneducatedtrader', 11, '2021-04-05 00:25', 'https://www.reddit.com/r/Bitcoin/comments/mk63w3/cashed_out_today_to_buy_a_new_gaming_pc/gte4jvc/', 'Exactly how it will stay relevant, good work & buy again', 'mk63w3'], ['u/Mybaobaoma', 19, '2021-04-05 00:42', 'https://www.reddit.com/r/Bitcoin/comments/mk63w3/cashed_out_today_to_buy_a_new_gaming_pc/gte6glp/', "If it's going to help him programme and get a better job most likely, it's worth it 100%. Many chances to buy in later, life's not fun just seeing virtual numbers. Need to improve your lifestyle also and be happy", 'mk63w3']]], ['u/youngbuckman', 'My helicopter pilot and Bitcoin', 32, '2021-04-05 00:15', 'https://www.reddit.com/r/CryptoCurrency/comments/mk67qh/my_helicopter_pilot_and_bitcoin/', 'Ok, I might have mislead you with the title. I’m not some rich dude who owns a helicopter. I’m spending my Easter long weekend down at Wilson’s Prom in Victoria, Australia. (Beautiful part of the world by the way!). My wife and I spontaneously decided to take a helicopter ride over the national park... \n\nSo we get to talking with our pilot as we’re strapping in before take-off. We start talking payment, and he mentions we can pay by card or bank transfer after the flight. I jokingly ask if he will accept Bitcoin... to which he responds “oh, you’re into Bitcoin too?!” \n\nHe then shows me that he’s programmed his watch to display the live Bitcoin price. As he’s doing that, he notices it’s gone for a semi-dip. I tell him to ‘buy the dip’ of course. He then proceeds to ask if we don’t mind waiting a moment while he does exactly that. Meanwhile my wife is sitting there laughing at this conversation. Of course we didn’t mind. (Meanwhile, there’s also a guy stranded on the beach, waiting for us to pick him up. He had been on the previous flight, and dropped his phone out the helicopter. So the pilot dropped him on the beach to look for it, and said he would come back with the next group - which was us. In the end he found his phone and we picked him up safely). So the pilot pulls out his phone and quickly purchases $(AUD)3.5k worth of Bitcoin. We then proceed to have an enjoyable ride over the Prom, and I was pleased to have come across another fellow crypto investor. \n\nWhile this instance is so insignificant, it’s each one of these interactions happening around the world that contributes to the slow, steady mainstream adoption of crypto. \n\nHope you all had a nice Easter and have a prosperous alt-season!', 'https://www.reddit.com/r/CryptoCurrency/comments/mk67qh/my_helicopter_pilot_and_bitcoin/', 'mk67qh', [['u/pukem0n', 15, '2021-04-05 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/mk67qh/my_helicopter_pilot_and_bitcoin/gte4gls/', 'oh man Bitcoin people are the new vegans, telling everyone about their crypto without anyone asking. Pretty funny conversation if it really happened ', 'mk67qh'], ['u/DeeDot11', 10, '2021-04-05 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/mk67qh/my_helicopter_pilot_and_bitcoin/gte4jta/', 'That story is nuts hahaha, how the hell did he find his phone after it dropped out of a chopper!! \nEither way, glad you met a fellow cryptopian!', 'mk67qh']]], ['u/McFancy', '$ZNN Zenon - Network of Momentum 8.6M max supply 130M Mcap', 40, '2021-04-05 00:17', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mk69j8/znn_zenon_network_of_momentum_86m_max_supply_130m/', " \n\nZenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind.\n\nWhat is it:\n\nIncredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain.\n\nWho does it:\n\nThis is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu.\n\nSquare will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards.\n\nIts open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over.\n\nTestnet is live and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. Also you can earn passive income on your [$ZNN](https://twitter.com/search?q=%24ZNN&src=cashtag_click) Avg 55% APY. No need to send it anywhere stake it yourself on your own pc. \n\n\n$12723 EOY, screencap this.", 'https://www.reddit.com/r/SatoshiStreetBets/comments/mk69j8/znn_zenon_network_of_momentum_86m_max_supply_130m/', 'mk69j8', [['u/Oreolover1907', 13, '2021-04-05 01:49', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mk69j8/znn_zenon_network_of_momentum_86m_max_supply_130m/gtedlpj/', "$ZNN has become by far my biggest crypto holding and I've been taking profits on some other coins to add into it. It's a risk but worth the possible reward to me.\n\nThe testnest is super easy to take part in. Its incentivized but they haven't released the details on how the incentives will work. You can get 1k ZNN and 10k QSR test coins a day.\n\n1. Download syrius wallet from [https://testnet.znn.space/#!downloads.md](https://testnet.znn.space/#!downloads.md)\n2. Run and setup the wallet and copy the receiving address.\n3. Send DM on telegram to znn\\_faucet with the message /faucet \\*the receiving address you just copied\\*\n\nYou can do that once every 24 hours. Good luck and also join the community telegram. t.me/zenon\\_community", 'mk69j8'], ['u/chitjuh', 11, '2021-04-05 01:58', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mk69j8/znn_zenon_network_of_momentum_86m_max_supply_130m/gteei6o/', 'Staking $ZNN was one of my best choices in 2021 so far ! If I need to compare the interest of banks with staking reward of $ZNN 🤣 Interest of a bank now -> not even 1% ! <3 you know all know what to do! 👽', 'mk69j8']]], ['u/arben05', 'Cashed-out today to buy a new Gaming PC', 19, '2021-04-05 00:20', 'https://www.reddit.com/r/btc/comments/mk6bco/cashedout_today_to_buy_a_new_gaming_pc/', 'Around 7 months ago I started to learn about finance and decided to invest in stocks, but as there isn’t any broker for that in Albania I decided to look for other options. I had heard about Bitcoin but didn’t understand it at all. So after watching a lot of videos I wanted to invest 100$ that I had gotten from summer work.\n\nWith the help if my parents I opened an account on cex.io, did KYC and deposited the 100$. As I was still new I bought BTC and also started doing Leverage Trading (bad idea) but after losing money I stopped and decided to just hodl.\n\nFast forward some months BTC is around 58k $ and I have enough money to buy a mid-range gaming PC so I just sold off everything I had.\n\nI know it isn’t the best time to buy a PC right now as GPU prices have skyrocketed but I am starting programming and getting more serious about gaming so it’s kinda needed.\n\nTLDR: Cash-out whenever you feel like it or you need the money to buy / do something.', 'https://www.reddit.com/r/btc/comments/mk6bco/cashedout_today_to_buy_a_new_gaming_pc/', 'mk6bco', [['u/homopit', 10, '2021-04-05 00:45', 'https://www.reddit.com/r/btc/comments/mk6bco/cashedout_today_to_buy_a_new_gaming_pc/gte6r69/', 'Congratulations on your new PC.\n\nBTW, I have not seen, for a long time, so many reasonable comments in rBitcoin as those under your posts. Congratulations again.', 'mk6bco']]], ['u/dont_forget_canada', 'I will buy ETH at $3,000', 76, '2021-04-05 00:27', 'https://www.reddit.com/r/ethtrader/comments/mk6gaw/i_will_buy_eth_at_3000/', 'I will! Imagine how good a deal it would be to buy *bitcoin* at $3,000 now? In my opinion, Ethereum will feel the exact same 3 years from now.\n\nI have setup aut...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Ethereumrose by 1.48% on Monday. Following on from a 3.35% gain on Sunday, Ethereum ended the day at $2,106.98.\nA bullish start to the day saw Ethereum rise to an early morning high $2,085.23 before hitting reverse.\nFalling short of the first major resistance level at $2,120, Ethereum slid to a mid-morning intraday low $2,003.10.\nEthereum fell through the first major support level at $2,007 before striking a late intraday high $2,131.27.\nThe rebound saw Ethereum break through the first major resistance level at $2,120 before ending the day at sub-$2,110 levels.\nAt the time of writing, Ethereum was up by 0.80% to $2,123.92. A bullish start to the day saw Bitcoin rise from an early morning low $2,107.39 to a high $2,124.48.\nEthereum left the major support and resistance levels untested early on.\nEthereum would need to avoid a fall through the pivot level at $2,081 to support a run at the first major resistance level at $2,158.\nSupport from the broader market would be needed, however, for Ethereum to break out from Monday’s high $2,131.27.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a breakout, Ethereum could test resistance at $2,200 before any pullback. The second major resistance level sits at $2,209.\nFailure to avoid a fall through the $2,081 pivot would bring the first major support level at $2,030 into play.\nBarring an extended sell-off, however, Ethereum should steer clear of sub-$1,900 levels. The second major support level at $1,952 should limit the downside.\nFirst Major Support Level: $2,030\nPivot Level: $2,081\nFirst Major Resistance Level: $2,158\n23.6% FIB Retracement Level: $1,659\n38.2% FIB Retracement Level: $1,356\n62% FIB Retracement Level: $869\nLitecoinrallied by 9.48% on Monday. Following on from a 3.58% gain on Sunday, Litecoin ended the day at $221.44.\nA mixed start to the day saw Litecoin rise to an early morning high $207.50 before hitting reverse.\nComing up against the first major resistance level at $207, Litecoin slid to a mid-morning intraday low $198.11.\nSteering clear of the 23.6% FIB and the first major support level at $195, Litecoin bounced back to strike a late intraday high $225.00.\nLitecoin broke through the first major resistance level at $207 and the second major resistance level at $213.\nComing up against the third major resistance level at $225, Litecoin eased back to end the day at $221 levels.\nAt the time of writing, Litecoin was down by 0.20% to $220.99. A mixed start to the day saw Litecoin rise to an early morning high $222.29 before falling to a low $220.31.\nLitecoin left the major support and resistance levels untested early on.\nLitecoin would need to avoid a fall through the $215 pivot level to support a run at the first major resistance level at $232.\nSupport from the broader market would be needed, however, for Litecoin to break out from Monday’s high $225.00.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of an extended rally, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $242.\nFailure to avoid a fall through the $215 pivot level would bring the first major support level at $205 into play.\nBarring an extended sell-off, Litecoin should steer clear of sub-$190 levels and the second major support level at $188.\nThe 23.6% FIB of $195 would likely limit the downside.\nFirst Major Support Level: $205\nPivot Level: $215\nFirst Major Resistance Level: $232\n23.6% FIB Retracement Level: $195\n38.2% FIB Retracement Level: $163\n62% FIB Retracement Level: $110\nRipple’s XRPsurged by 44.06% on Monday. Following on from a 9.69% rally on Sunday, Ripple’s XRP ended the day at $0.91431.\nA mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.62015 before making a move.\nSteering clear of the first major support level at $0.5896, Ripple’s XRP surged to a late intraday high and a new swing hi $0.93953.\nRipple’s XRP broke through the day’s major resistance levels to wrap up the day at $0.91 levels for the first time since 2018.\nAt the time of writing, Ripple’s XRP was down by 0.13% to $0.91312. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.94396 before falling to a low $0.90712.\nRipple’s XRP left the major support and resistance levels untested early on.\nRipple’s XRP will need to avoid a fall through the $0.8247 pivot level to bring the first major resistance level at $1.0292 into play.\nSupport from the broader market would be needed, however, for Ripple’s XRP to break through to $1.00 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of an extended rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1440.\nFailure to avoid a fall through the $0.8247 pivot would bring the 23.6% FIB of $0.7584 and first major support level at $0.7098 into play.\nBarring an extended sell-off, however, Ripple’s XRP should steer well clear of sub-$0.70 levels. The 38.2% FIB sits at 0.6463, with the second major support level at $0.5053.\nFirst Major Support Level: $0.7098\nPivot Level: $0.8247\nFirst Major resistance Level: $1.0292\n23.6% FIB Retracement Level: $0.7584\n38.2% FIB Retracement Level: $0.6463\n62% FIB Retracement Level: $0.4652\nPlease let us know what you think in the comments below.\nThanks, Bob\nThisarticlewas originally posted on FX Empire\n• USD/CAD Daily Forecast – Canadian Dollar Moves Higher At The Start Of The Week\n• Tesla Shares Rise Over 4% on Stronger-Than-Anticipated Q1 Deliveries\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 6th, 2021\n• Crude Oil Price Forecast – Crude Oil Markets Testing Trendline\n• Why Shares Of GameStop Are Under Pressure Today?\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 6th, 2021', 'Ethereum Ethereum rose by 1.48% on Monday. Following on from a 3.35% gain on Sunday, Ethereum ended the day at $2,106.98. A bullish start to the day saw Ethereum rise to an early morning high $2,085.23 before hitting reverse. Falling short of the first major resistance level at $2,120, Ethereum slid to a mid-morning intraday low $2,003.10. Ethereum fell through the first major support level at $2,007 before striking a late intraday high $2,131.27. The rebound saw Ethereum break through the first major resistance level at $2,120 before ending the day at sub-$2,110 levels. At the time of writing, Ethereum was up by 0.80% to $2,123.92. A bullish start to the day saw Bitcoin rise from an early morning low $2,107.39 to a high $2,124.48. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to avoid a fall through the pivot level at $2,081 to support a run at the first major resistance level at $2,158. Support from the broader market would be needed, however, for Ethereum to break out from Monday\x92s high $2,131.27. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a breakout, Ethereum could test resistance at $2,200 before any pullback. The second major resistance level sits at $2,209. Failure to avoid a fall through the $2,081 pivot would bring the first major support level at $2,030 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,900 levels. The second major support level at $1,952 should limit the downside. Looking at the Technical Indicators First Major Support Level: $2,030 Pivot Level: $2,081 First Major Resistance Level: $2,158 23.6% FIB Retracement Level: $1,659 38.2% FIB Retracement Level: $1,356 62% FIB Retracement Level: $869 Litecoin Litecoin rallied by 9.48% on Monday. Following on from a 3.58% gain on Sunday, Litecoin ended the day at $221.44. A mixed start to the day saw Litecoin rise to an early morning high $207.50 before hitting reverse. Story continues Coming up against the first major resistance level at $207, Litecoin slid to a mid-morning intraday low $198.11. Steering clear of the 23.6% FIB and the first major support level at $195, Litecoin bounced back to strike a late intraday high $225.00. Litecoin broke through the first major resistance level at $207 and the second major resistance level at $213. Coming up against the third major resistance level at $225, Litecoin eased back to end the day at $221 levels. At the time of writing, Litecoin was down by 0.20% to $220.99. A mixed start to the day saw Litecoin rise to an early morning high $222.29 before falling to a low $220.31. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to avoid a fall through the $215 pivot level to support a run at the first major resistance level at $232. Support from the broader market would be needed, however, for Litecoin to break out from Monday\x92s high $225.00. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended rally, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $242. Failure to avoid a fall through the $215 pivot level would bring the first major support level at $205 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels and the second major support level at $188. The 23.6% FIB of $195 would likely limit the downside. Looking at the Technical Indicators First Major Support Level: $205 Pivot Level: $215 First Major Resistance Level: $232 23.6% FIB Retracement Level: $195 38.2% FIB Retracement Level: $163 62% FIB Retracement Level: $110 Ripple\x92s XRP Ripple\x92s XRP surged by 44.06% on Monday. Following on from a 9.69% rally on Sunday, Ripple\x92s XRP ended the day at $0.91431. A mixed start to the day saw Ripple\x92s XRP fall to an
**Last 60 Days of Bitcoin's Closing Prices:**
[38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-06
**Financial & Commodity Data:**
- Gold Closing Price: $1741.50
- Crude Oil Closing Price: $59.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,094,140,603,678
- Hash Rate: 165624244.467784
- Transaction Count: 309565.0
- Unique Addresses: 841579.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.75
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: * Bitcoin up 66% this month * JP Morgan calls bitcoin 'economic side show' * Ethereum, 2nd largest coin, hits all-time high * Crypto-related stocks rally as well(Adds new comment, crypto-related stocks, updates prices) By Gertrude Chavez-Dreyfuss and Tom Wilson NEW YORK/LONDON, Feb 19 (Reuters) - Bitcoin touched a marketcapitalization of $1 trillion as it hit yet another record highon Friday, countering analyst warnings that it is an "economicside show" and a poor hedge against a fall in stock prices. The world's most popular cryptocurrency jumped to anall-time high just below $55,772, posting a weekly jump of 13%.It has surged roughly 66% so far this month and was last up 6.8%at $55,079. Bitcoin's gains have been fueled by signs it isgaining acceptance among mainstream investors and companies,from Tesla Inc and Mastercard Inc to BNY Mellon. All digital coins combined have a market cap of around $1.7trillion. "If you really believe there's a store of value in bitcoin,then there's still a lot of upside," said John Wu, president ofAVA Labs, an open-source platform for creating financialapplications using blockchain technology. "If you look at gold, it has a market cap $9 or $10trillion. Even if bitcoin gets to half of gold's market cap,that's still growth of 4X, or $200,000. So I don't know when itstops rising," he added. The next milestone will be overtaking Alphabet Inc, currently valued at $1.431 trillion, said JacobSkaaning, portfolio manager at crypto hedge fund ARK36. "There will likely be some big fluctuations along the way,but I'm still very bullish and I believe the uptrend willcontinue for the time being," he added. Still, many analysts and investors remain skeptical of thepatchily regulated, highly volatile digital asset, which islittle used for commerce. Analysts at JP Morgan said bitcoin's current prices werewell above estimates of fair value. Mainstream adoptionincreases bitcoin's correlation with cyclical assets, which riseand fall with economic changes, in turn reducing benefits ofdiversifying into crypto, the investment bank said in a memo. "Crypto assets continue to rank as the poorest hedge formajor drawdowns in equities, with questionable diversificationbenefits at prices so far above production costs, whilecorrelations with cyclical assets are rising as crypto ownershipis mainstreamed," JP Morgan said. Bitcoin is an "economic side show," it added, callinginnovation in financial technology and the growth of digitalplatforms into credit and payments "the real financialtransformational story of the COVID-19 era." Story continues Other investors this week said bitcoin's volatility presentsa hurdle for it to become a widespread means of payment. On Thursday, Tesla boss Elon Musk - whose tweets have fueledbitcoin's rally - said owning the digital coin was only a littlebetter than holding cash. He also defended Tesla's recentpurchase of $1.5 billion of bitcoin, which ignited mainstreaminterest in the digital currency. Bitcoin proponents argue the cryptocurrency is "digitalgold" that can hedge against the risk of inflation sparked bymassive central bank and government stimulus packages designedto counter COVID-19. Yet bitcoin would need to rise to $146,000 in the long-termfor its market cap to equal the total private-sector investmentin gold via exchange-traded funds or bars and coins, accordingto JP Morgan. Rival cryptocurrency ether also hit an all-timepeak of $1,974.99 on Friday, and was last up 1% at $1,958.76,after its futures were launched on the Chicago MercantileExchange. Bitcoin's surge extended to crypto-related stocks as well,such as Silvergate Capital Corp, which was up 8.2%,cryptocurrency miner Riot Blockchain, 13.5 higher%, andMarathon Patent Group, up 7.3%. Shares of Overstock.com, an online retailer andblockchain tech investor, gained 4.1%; while MicroStrategy Inc, a bitcoin buyer and business intelligence softwarefirm, advanced 4.1%. (Reporting by Gertrude Chavez-Dreyfuss in New York and TomWilson in London; Editing by Dan Grebler and Jonathan Oatis) View comments...
- Reddit Posts (Sample): [['u/SpawnMagic', 'Used my Stimmy to buy Monero, is this what Treason feels like?', 151, '2021-04-06 00:20', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/', "A few days ago I got my $1400 in the mail, it came on a little visa card. This was my very first stimmy. I filed taxes late and the first stimmy they gave to everyone else, they took away from me before they gave it to me, so this was my first. \n\nAnyway, I activated the card, connected it to Cash App, and got some misc. amount of bitcoin. \nI sent that to cakewallet and got the Monero. \nI probably could have bought it all in cakewallet, they have a card option now. \n\nThere was this wierd rebellious feeling as I did it. \nIt felt like I was rejecting the USD dollar and all of its elitist, convoluted rules, backing away from whatever violent actions support it. - and substituting it for something I really believe in: privacy, anonymity, freedom from permission, censorship resistance and so on, you know: the cypherpunk and crypto anarchist ideals. \n\n\nIt was a lot of fun. I hope to experience it again. Think they'll give out more stimmies?", 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/', 'mkwikz', [['u/UltimateCrypto', 10, '2021-04-06 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gti67ks/', 'We’ll see how things play out after the baseball game tonight in Texas with 40,000 people in the stadium.', 'mkwikz'], ['u/Inevitable_Pickle530', 10, '2021-04-06 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gti69ak/', 'In God we Trust', 'mkwikz'], ['u/Scholes_SC2', 61, '2021-04-06 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gti6alp/', 'Monero is the real currency of freedom', 'mkwikz'], ['u/iNstein', 38, '2021-04-06 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gti90hi/', 'Not treason my friend, freedom. The government has gone bad and it is up to the people to fix it.', 'mkwikz'], ['u/SirTryps', 24, '2021-04-06 00:52', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gti9o5b/', 'In ~~God~~ Code We Trust', 'mkwikz'], ['u/Guilty-Before-Trial', 11, '2021-04-06 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gtiabkp/', 'Treason is more like what they do with that BS card with your stimulus. I got my first stimulus check months after everyone else did and when I got it they already took money out of it as their monthly service fee.', 'mkwikz'], ['u/jamesmunosspydie', 53, '2021-04-06 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gtijdg5/', "Monero would work of you didn't post you bought some I'm onto you, reporting to fbi asap", 'mkwikz'], ['u/SpawnMagic', 13, '2021-04-06 05:29', 'https://www.reddit.com/r/CryptoCurrency/comments/mkwikz/used_my_stimmy_to_buy_monero_is_this_what_treason/gtj5ix1/', 'Universal Basic income just sounds like hyperinflation with extra steps', 'mkwikz']]], ['u/WinnnAllDayyy', 'Sorry guys I’m selling...', 1249, '2021-04-06 01:07', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/', 'Selling more bitcoin to buy SAFEMOON LESSSSGOOO 🔥🔥🔥 diamond hands baby', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/', 'mkxh79', [['u/SwimmingBandicoot856', 116, '2021-04-06 01:07', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtibi58/', 'Ah you got me on the first half', 'mkxh79'], ['u/WR3K1', 24, '2021-04-06 01:09', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtibmsd/', 'Man, i came in here excited to ask for my 5% lol', 'mkxh79'], ['u/WinnnAllDayyy', 57, '2021-04-06 01:09', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtibmxn/', 'What type of man would I be if I were to leave now? Not much of one 🙌🏼', 'mkxh79'], ['u/Own_Particular_7166', 81, '2021-04-06 01:09', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtibnp5/', 'You tricky bastard! Noice! Almost got me. Stay strong Astronauts!!', 'mkxh79'], ['u/buildingabox', 20, '2021-04-06 01:11', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtiby3n/', 'I see whatcha did there. 😂😂😂', 'mkxh79'], ['u/MorningEffective8119', 192, '2021-04-06 01:17', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gticn36/', 'I was about to rip you a new one.', 'mkxh79'], ['u/crayjae', 12, '2021-04-06 01:20', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtid0qd/', 'LOL', 'mkxh79'], ['u/c14ret', 13, '2021-04-06 01:22', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtid9y2/', 'I was like, how is this post in positive karma??? Well played. Have my upvote!', 'mkxh79'], ['u/Cinsev', 14, '2021-04-06 01:35', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtieobr/', 'Lol got me!', 'mkxh79'], ['u/crayjae', 28, '2021-04-06 01:37', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtiezqx/', "Why do I feel like I got rick roll'd? 😂", 'mkxh79'], ['u/GarySevenOfNine', 44, '2021-04-06 01:48', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtig6nk/', "Lmao I've been doing the same thing since Friday. Been cashing out $200 a pop of bitcoin several times a day to buy SAFEMOON with", 'mkxh79'], ['u/ReputationFree1983', 16, '2021-04-06 01:57', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtiha51/', 'This is the way!\nI wanna buy more too but Binance doesn’t wanna let me send BNB again...', 'mkxh79'], ['u/WinnnAllDayyy', 15, '2021-04-06 01:58', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtihems/', 'Could be the reason for the dip we’re seeing now too! People are panicking too much. Everyone just needs to buckle up and enjoy the ride through the ups and downs , not every trip to the moon is straight up 🔥', 'mkxh79'], ['u/Maidonoid', 27, '2021-04-06 02:14', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtijayb/', 'I bought the dip! 🚀🚀🚀🚀', 'mkxh79'], ['u/Usual-Locksmith4657', 12, '2021-04-06 02:29', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtikzxv/', 'Thought I smelled bitch on this sub for a second. Glad to see it was a false alarm :)', 'mkxh79'], ['u/surreal19', 11, '2021-04-06 02:34', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtilmqo/', 'I sold all my bitcoin, eth, and ada for safemoon and made waaay more profit in 3 weeks.', 'mkxh79'], ['u/WinnnAllDayyy', 12, '2021-04-06 02:35', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtilq42/', 'As much as I love safemoon , don’t go too balls in man! Stay safe and have a wide portfolio.', 'mkxh79'], ['u/flashboy254', 11, '2021-04-06 02:43', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtimqc8/', 'lesssgoo!!! sell btc slow moving giant and buy fast moving ants!!', 'mkxh79'], ['u/LilArabian_', 10, '2021-04-06 06:09', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtj9gfr/', 'Never gone give you up..', 'mkxh79'], ['u/LearningFail', 50, '2021-04-06 07:02', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtje0is/', 'I was going to rip him in half', 'mkxh79'], ['u/xGsGt', 16, '2021-04-06 08:43', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtjl7hc/', 'Use binance to send to your bsc address via a withdraw method with BSC bep20, you should be receiving btcb or something similar, then just swap that for safemoon in pancake', 'mkxh79'], ['u/Bad_Hombre_P', 26, '2021-04-06 10:26', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtjrixw/', 'I just ripped one', 'mkxh79'], ['u/Wild-Tower-5595', 11, '2021-04-06 13:51', 'https://www.reddit.com/r/SafeMoon/comments/mkxh79/sorry_guys_im_selling/gtk5c2l/', 'ripped i one', 'mkxh79']]], ['u/Abell68', 'Top 10 Companies Holding the Biggest Bags of Bitcoin', 64, '2021-04-06 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/mkxis3/top_10_companies_holding_the_biggest_bags_of/', '1. Grayscale - 649,130\n2. Block one - 140,000\n3. MicroStrategy - 91,064\n4. CoinShares - 69,730\n5. Tesla Inc - 48,000\n6. Ruffer Investment - 45,000\n7. Tezos Foundation - 24,808\n8. 3iQ Bitcoin Fund - 23,363\n9. Galaxy Digital - 16,402\n10. Bitwise - 11,430', 'https://www.reddit.com/r/CryptoCurrency/comments/mkxis3/top_10_companies_holding_the_biggest_bags_of/', 'mkxis3', [['u/nDreCoelho', 11, '2021-04-06 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/mkxis3/top_10_companies_holding_the_biggest_bags_of/gtidjjo/', 'All my homies love Grayscale', 'mkxis3'], ['u/TheGreatCryptopo', 12, '2021-04-06 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/mkxis3/top_10_companies_holding_the_biggest_bags_of/gtii1tp/', 'And then along comes Satoshi Nakatomo Conglomerate International with a bitching 1 Million Bitcoins!!!\n\nJust doing a quick calculation with this list, SN, and coins gone forever, only about 14 million people on this planet will have a chance to own a complete bitcoin.', 'mkxis3']]], ['u/Abell68', 'Top 10 Companies Holding the Biggest Bags of Bitcoin', 85, '2021-04-06 01:10', 'https://www.reddit.com/r/Bitcoin/comments/mkxjgu/top_10_companies_holding_the_biggest_bags_of/', '1. Grayscale - 649,130\n2. Block one - 140,000\n3. MicroStrategy - 91,064\n4. CoinShares - 69,730\n5. Tesla Inc - 48,000\n6. Ruffer Investment - 45,000\n7. Tezos Foundation - 24,808\n8....
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 1.95% on Tuesday. Reversing a 1.55% gain from Monday, Bitcoin ended the day at $57,991.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $59,499.0 before hitting reverse. Falling short of the first major resistance level at $59,980, Bitcoin fell to an early afternoon intraday low $57,401.0. Bitcoin fell through the first major support level at $57,580 before briefly revisiting $58,200 levels. Failing to move back through to $59,000 levels, Bitcoin eased back to end the day at sub-$58,000 levels. The near-term bullish trend remained intact supported by the recovery from sub-$55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Crypto.com Coin and Polkadot slid by 7.12% and by 3.57% to buck the trend and join Bitcoin in the red. It was a bullish day for the rest of the majors, however. Ripple’s XRP jumped by 19.75% to lead the pack, with Binance Coin (+9.63%), Chainlink (+7.38%), and Litecoin (+7.08%) also on the move. Bitcoin Cash SV (+1.79%), Cardano’s ADA (+3.40%), and Ethereum (+0.26%) trailed the front runners, however. In the current week, the crypto total market fell to a Monday low $1,815bn before rising to a Tuesday high $1,992bn. At the time of writing, the total market cap stood at $1,928bn. Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Tuesday low 55.77%. At the time of writing, Bitcoin’s dominance stood at 56.31%. This Morning At the time of writing, Bitcoin was up by 0.24% to $58,133.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,958.0 before rising to a high $58,189.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-0.46%), Polkadot (-0.61%), and Ripple’s XRP (-0.29%) saw red to buck the trend early on. Story continues It was a bullish start to the day for the rest of the majors, however. At the time of writing, Crypto.com Coin and Litecoin were up by 1.89% and by 1.73% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $58,297 to bring the first major resistance level at $59,193 into play. Support from the broader market would be needed for Bitcoin to break back through to $59,000 levels. Barring an extended crypto rally, the first major resistance level and resistance at $59,500 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $60,395. Failure to move through the $58,297 pivot would bring the first major support level at $57,095 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $56,199. This article was originally posted on FX Empire More From FXEMPIRE: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 7th, 2021 E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Inside Move Signals Investor Indecision Silver Price Forecast – Silver Markets Recapture 25 USD S&P 500 Price Forecast – Markets Looking a Little Tired EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 7th, 2021 Why Shares Of BP Are Up By 4% Today?', 'Bitcoin, BTC to USD, fell by 1.95% on Tuesday. Reversing a 1.55% gain from Monday, Bitcoin ended the day at $57,991.0.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $59,499.0 before hitting reverse.\nFalling short of the first major resistance level at $59,980, Bitcoin fell to an early afternoon intraday low $57,401.0.\nBitcoin fell through the first major support level at $57,580 before briefly revisiting $58,200 levels.\nFailing to move back through to $59,000 levels, Bitcoin eased back to end the day at sub-$58,000 levels.\nThe near-term bullish trend remained intact supported by the recovery from sub-$55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nCrypto.com Coinand Polkadot slid by 7.12% and by 3.57% to buck the trend and join Bitcoin in the red.\nIt was a bullish day for the rest of the majors, however.\nRipple’s XRPjumped by 19.75% to lead the pack, withBinance Coin(+9.63%),Chainlink(+7.38%), andLitecoin(+7.08%) also on the move.\nBitcoin Cash SV(+1.79%),Cardano’s ADA(+3.40%), andEthereum(+0.26%) trailed the front runners, however.\nIn the current week, the crypto total market fell to a Monday low $1,815bn before rising to a Tuesday high $1,992bn. At the time of writing, the total market cap stood at $1,928bn.\nBitcoin’s dominance rose to a Monday high 58.43% before falling to a Tuesday low 55.77%. At the time of writing, Bitcoin’s dominance stood at 56.31%.\nAt the time of writing, Bitcoin was up by 0.24% to $58,133.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,958.0 before rising to a high $58,189.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (-0.46%), Polkadot (-0.61%), and Ripple’s XRP (-0.29%) saw red to buck the trend early on.\nIt was a bullish start to the day for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin and Litecoin were up by 1.89% and by 1.73% to lead the way.\nBitcoin would need to move through the pivot level at $58,297 to bring the first major resistance level at $59,193 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $59,000 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $59,500 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $60,395.\nFailure to move through the $58,297 pivot would bring the first major support level at $57,095 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $56,199.\nThisarticlewas originally posted on FX Empire\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 7th, 2021\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Inside Move Signals Investor Indecision\n• Silver Price Forecast – Silver Markets Recapture 25 USD\n• S&P 500 Price Forecast – Markets Looking a Little Tired\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 7th, 2021\n• Why Shares Of BP Are Up By 4% Today?', '* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Hideyuki Sano TOKYO, April 7 (Reuters) - The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged. The dollar index wallowed near a two-week low of 92.314 , slipping further from a five-month high of 93.439 set on March 31. The euro rallied to a two-week high of $1.18785 and last stood at $1.1871. The common currency jumped almost a pence against the British pound overnight to trade at 85.90 pence , its biggest gain since Dec. 10. The dollar changed hands at 109.77 yen, extending its retreat from a one-year high of 110.97 touched a week ago. The dollar\'s decline came as investors recalibrated their expectations that the Federal Reserve will tighten its policy earlier than it has suggested. Financial markets have expected accelerating U.S. economic growth and inflation could force the Fed to abandon its pledge earlier, with interest rate futures pricing in a rate hike as early as late 2022 earlier this week. The five-year U.S. Treasury yields, however, dropped sharply to 0.874% after hitting a 14-month high of 0.988% on Monday. The five-year Treasury yield is now seen as a major barometer of how much faith investors have in the Federal Reserve\'s pledge that it does not expect to raise interest rates until 2024. Traders saw the dollar\'s retreat as a correction after its rally last month. In particular, against the yen, the dollar made its biggest monthly gains in more than four years in March, rising almost 4%. "Last quarter, the dollar got a boost from the Senate runoff in Georgia, Biden administration\'s coronavirus relief package and then infrastructure plan. This quarter we are running out of such big themes and the market will be looking to economic fundamentals. We expect the dollar to remain strong but it is unlikely to rise as much as it did last quarter," said Shinichiro Kadota, senior currency strategist at Barclays. Story continues Elsewhere the Australian dollar held firm near two-week high against the dollar at $0.7661 while the British pound slipped to $1.3830 from Tuesday\'s two-week high of $1.3910. Bitcoin was flat at $57,966. (Reporting by Hideyuki Sano; Editing by Christian Schmollinger)', '* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E\nBy Hideyuki Sano\nTOKYO, April 7 (Reuters) - The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged.\nThe dollar index wallowed near a two-week low of 92.314 , slipping further from a five-month high of 93.439 set on March 31.\nThe euro rallied to a two-week high of $1.18785 and last stood at $1.1871. The common currency jumped almost a pence against the British pound overnight to trade at 85.90 pence , its biggest gain since Dec. 10.\nThe dollar changed hands at 109.77 yen, extending its retreat from a one-year high of 110.97 touched a week ago.\nThe dollar\'s decline came as investors recalibra
**Last 60 Days of Bitcoin's Closing Prices:**
[39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-04-07
**Financial & Commodity Data:**
- Gold Closing Price: $1740.10
- Crude Oil Closing Price: $59.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,085,491,707,056
- Hash Rate: 180576433.2044589
- Transaction Count: 321319.0
- Unique Addresses: 860993.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: CI Global Asset Management, a unit of a firm overseeing more than $230 billion in assets, launched CI Bitcoin Fund, whichit describedas North America’s first mutual fund to provide dedicated exposure tobitcoin.
• Through the fund, Canadian investors would be able to access the bitcoin market at what CI said was an industry-low management fee of 0.40% (Series F) and with an initial minimum investment of $500.
• In February, Canada-based CI Globalfiledto issue North America’s third bitcoin exchange-traded fund (ETF) and four days later filed for what would be the world’s firstetherETF.
• CI Global is a unit of CI Financial, one of Canada’s largest investment management companies.
• CI Global Asset Management Launches Bitcoin Mutual Fund in Canada
• CI Global Asset Management Launches Bitcoin Mutual Fund in Canada
• CI Global Asset Management Launches Bitcoin Mutual Fund in Canada
• CI Global Asset Management Launches Bitcoin Mutual Fund in Canada...
- Reddit Posts (Sample): [['u/RealDSD420', 'PSA: BTC 24hour Vol has been cut in half while IOTA 24hour volume has doubled.', 40, '2021-04-07 00:05', 'https://www.reddit.com/r/IOTAmarkets/comments/mln6m4/psa_btc_24hour_vol_has_been_cut_in_half_while/', '\nBTC dominance is being tested. That’s all I had to say for this post ;) carry on morons.', 'https://www.reddit.com/r/IOTAmarkets/comments/mln6m4/psa_btc_24hour_vol_has_been_cut_in_half_while/', 'mln6m4', [['u/Biostatistix', 11, '2021-04-07 00:23', 'https://www.reddit.com/r/IOTAmarkets/comments/mln6m4/psa_btc_24hour_vol_has_been_cut_in_half_while/gtmf62i/', "I think we're really starting to see altcoins break away from bitcoin. IOTA, ADA, XRP and others gaining consistently while bitcoin stagnates.", 'mln6m4'], ['u/ViewBoth3198', 12, '2021-04-07 01:11', 'https://www.reddit.com/r/IOTAmarkets/comments/mln6m4/psa_btc_24hour_vol_has_been_cut_in_half_while/gtmkwjp/', 'Feels like Iota season is about to take off🔥', 'mln6m4'], ['u/Schley_them_all', 12, '2021-04-07 03:44', 'https://www.reddit.com/r/IOTAmarkets/comments/mln6m4/psa_btc_24hour_vol_has_been_cut_in_half_while/gtn2xup/', '$69 Trillion', 'mln6m4']]], ['u/bigoledawg7', 'That moment when it goes from shopping for the cheapest price, to an outright stampede for silver', 248, '2021-04-07 00:12', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/', 'I do sense we are getting close to that time when it becomes very difficult to find physical bullion and very much more expensive to buy it when you are lucky enough to find some. For most of my investment career there were few limits on bullion for me except price. I was able to walk into any retail coin shop or make an online transaction from dozens of companies, anytime I wanted. It usually came down to buying discount products or specialty items that I wanted to have in my collection. I was also adding from time to time to take advantage of manipulation events where the opportunity to buy very cheaply was occasionally at hand.\n\nOnly recently am I finding that many of the products I want to own, such as poured kilo bars or RCM 10oz bars, are very difficult to find anywhere. My last three purchases this year I have had to wait weeks. I have been holding off until I see a price decline around obvious times when the criminal banks usually put the hammer down, and even then I am not saving much money. The spot price was almost $3 lower on my latest buy, but the price per coin was only $1 less than when I was buying in February.\n\nNow I wonder if the window to buy any bullion easily is closing fast. Is that day ahead when we are all coming to realize that its almost impossible to find good silver bargains anymore? And will I have remorse in the years ahead, for not unloading my bank account to buy the hell out of everything I could find in stock right now? \n\nI have been at this now for almost 20 years. I already have way too much of my net worth in the metals. Its not like I am throwing money around on hookers and blow (though I would never tell you not to). There will be some remorse and missed opportunity for those of us that are accustomed to easy order fulfilment and come to find that its a different market ahead.\n\nWe are on the verge of a major market shift and it could become much more difficult to buy in quantity. Silver is gaining momentum among those who did not really have any interest until just recently. Once that moment of awareness breaks for the thundering herd, things will never be the same. If this becomes a stampede of urgent buying demand, the inventory of retail silver will disappear in a flash. The coin shops will be like Black Friday at Walmart. I saw something like this is Hong Kong many years ago and it was borderline frenzy.\n\nFor reference, I missed my chance to buy bitcoin below $1000 even though many of my friends were urging me to do so. And I suspect that many of the people I was begging to buy some silver in years past may be the ones paying triple digits sometime in the future just to have a few ounces. It could go like that.', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/', 'mlnbv8', [['u/SupportUseful', 19, '2021-04-07 00:16', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmefak/', 'Bro I Love you 💕', 'mlnbv8'], ['u/StonkBrothers2021', 63, '2021-04-07 00:25', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmfhmz/', "Yes, we are already seing the cracks in the damn. When we release the bilboards and the ads, it is going to make thousands of people buy their very first coin or bar. Even if this does not immediately raise the price, the pressure will build up more and more. People will talk about silver, about us, they will see more and more places sold out. They will also see lines in front of coin shops, while inflation is getting out of hand.\n\nWe are a legit WSB spin-off to a lot of people already (although I know a lot of you probably wouldn't like this definition, but that is how the public will see us). A lot of people missed the crypto rockets, as well as the WSB rockets. But this time they will buy not only due to greed, but due to fear, and fear is even a stronger motivation.", 'mlnbv8'], ['u/ivanbayoukhi', 27, '2021-04-07 00:26', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmfk85/', ' LETS GOOOOOOO 🚀', 'mlnbv8'], ['u/etherist_activist999', 11, '2021-04-07 00:32', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmgbh8/', 'Fear is the strongest motivator. Why "they" use it against us all the time in every aspect of everything in our lives. The MSM always has a new fear boogie man for the plebs.', 'mlnbv8'], ['u/etherist_activist999', 23, '2021-04-07 00:35', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmgn8n/', "I was just about to post a meme for this exact thought. I always check the new posts before I add a meme and there was this post. Excellent analysis and I fully agreed with every single point you make. We are certainly on the same page. God bless you sir.\n\nI'll go post the meme now.", 'mlnbv8'], ['u/StonkBrothers2021', 12, '2021-04-07 00:36', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmgpl4/', "Yes, I think they do it cause they want the common folk to watch the news and think 'Holy cow, the world is so dangerous, I should be so happy to have my health and my job, and these average living conditions'. It is a prison for the mind in a way.", 'mlnbv8'], ['u/alRededorr', 13, '2021-04-07 00:37', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmguo3/', 'If you think a scenario like this is possible, maybe think about buying a few shares of a silver exploration miner with lots of probable ounces in the ground. If bullion becomes unobtainable at any reasonable price, these ounces in the ground could increase in value by 10, 20 or 30 times.', 'mlnbv8'], ['u/Guywithquestion12', 10, '2021-04-07 00:38', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmh1he/', 'Powerful words, yes certainly the cracks are showing and the demand for silver is continually building into a true force of nature.', 'mlnbv8'], ['u/Bulky-strenght9524', 27, '2021-04-07 00:45', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmht0p/', 'I just bought 2 10oz silver crosses from yeager! One for me and one for my son graduating with 4yr engineering degree', 'mlnbv8'], ['u/muzzy1187', 20, '2021-04-07 00:48', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmi7i8/', 'I think a lot of the products there putting out are the more expensive ones just to get a couple more bucks out of us. You won’t mind spending 10 dollars above spot if the price goes to 1000 keep that in mind.', 'mlnbv8'], ['u/Jksandog', 22, '2021-04-07 00:59', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmji2n/', 'Great post! I just called my LCS and they are limiting customers to 40oz total unless I get a 100oz bar. Demand has never been higher, supply has never been tighter and the price is stuck below $26. What happens when the rest of the world wakes up to this manipulation? Currently we have a minuscule percentage of people who understand what is coming for all Fiat and WE are creating havoc in the Silver Market, what happens when we get 10% of the population awake to the scam......25% will be pure chaos. Glad that I found this group 6 months into my mission to swap every extra Fiat piece of shit bill into real money.', 'mlnbv8'], ['u/jbaker910', 20, '2021-04-07 01:21', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmm2xx/', "Long time stacker here. I am not buying as much physical recently (but still buying PSLV in my 401k). I hold back a little cash for special opportunities such as last March when I was a very active buyer for a couple days.\n\nI believe that Mike Maloney might be right when he says metals will become unobtainium and unaffordium. Those who own no silver are going to be extremely sorry they didn't buy when they could.", 'mlnbv8'], ['u/StonkBrothers2021', 11, '2021-04-07 01:47', 'https://www.reddit.com/r/Wallstreetsilver/comments/mlnbv8/that_moment_when_it_goes_from_shopping_for_the/gtmp7rx/', "Btw, I once saw an interview from the 90s with Todor Zhivkov, the ex-communist leader of my country. Until the late 80s Bulgaria wasn't ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Decentralized finance (DeFi) has experienced an unreal uptick unlike amid the chaos of 2020s crumbling global economies. Last year's warmer months\xa0are\xa0now known as the “DeFi Summer” because the total value locked into their smart contracts rapidly grew, from a few hundred million to more than $20 billion in a matter of months. Decentralized Finance, as the name implies, operates independently while not relying on traditional intermediaries such as banks and insurance funds. The need for these intermediaries becomes eliminated, thanks to the user's ability to invest, trade, transfer\xa0and conduct peer-to-peer transactions using cryptocurrencies along with digital assets. Related: This Is Why Bitcoin Will Hit $59,000 In 2021 The growth of DeFi The first important event\xa0that helped make decentralized finance possible was the creation of Bitcoin in 2009\xa0which enabled a\xa0default blockchain for all the top DeFi protocols\xa0that was Ethereum. Ethereum launched in 2015 and quickly started attracting developers who wanted to build all kinds of decentralized applications, from financial applications to games (such as the viral CryptoKitties). Fast forward to 2017, when ICOs on Ethereum became prevalent. This domicile to digital money, global payments\xa0and applications\xa0have led to some of the most notable DeFi projects of the ICO era. It was from this point forward that it became clear that the public was warming up to DeFi. Billionaire entrepreneur Mark Cuban compared the growth of DeFi to the early days of the Internet: “You’re starting to see NFT (non-fungible tokens), and it’s not so much about just about how much is sold, market value, but more just that people are becoming more comfortable with it and so we’re starting to see these applications that are just popping up left and right. It reminded me so much of the early days of the internet where, in the mid-90s, people started talking about internet applications but the internet had been around for ten years.” Cuban is a believer in DeFi's power and potential, especially considering the new all-time highs of token prices being reached by Ethereum, and so-called “Ethereum killer” protocols such as Polkadot and Solana. Of course, DeFi isn’t only about the prices of platforms’ native cryptocurrencies. TrustToken, for example, also recently launched its TrueFi protocol for uncollateralized on-chain lending on Binance. The protocol essentially lets people borrow money without locking up their crypto as collateral, which Ethereum requires. TrueFi takes the idea of uncollateralized lending, which exists off the blockchain in the form of high-interest, short-term “text loans,” and improves it through DeFi mechanisms, with transparency as a key component of its offering. Story continues Borrowing and lending are just one of the many capabilities being transformed by DeFi. The growth of non-fungible tokens (NFTs), which open the door for people to invest in traditionally non-fungible assets like real estate and art, also represents a promising development in the space and are growing in popularity. Cuban is a huge fan of this particular DeFi segment. Related: How 2020 Became the Year of\xa0DeFi\xa0and What's to Come in 2021 There is more in store There are a few reasons behind the DeFi craze, aside from the elimination of regulators. Another reason is that\xa0major asset management funds and high-street financial institutions are getting involved, as they are beginning to accept DeFi and looking for ways to participate. Then there is also the classic case of FOMO—people don’t want to be left out of this\xa0explosive growth, especially considering all that the future may have in store for it. DeFi developers are consistently building new innovative projects, and exploring ways to bring in new users to start participating. Developers are also discovering new use cases that were previously difficult to touch on, due to high network fees. The tokenization of new, more traditional assets will also create new and exciting opportunities. Its recent boom only paved the way for greater potential, which has yet to be tapped into. Related: Here's How Decentralized Finance Is Being Redefined View comments", "Decentralized finance (DeFi) has experienced an unreal uptick unlike amid the chaos of 2020s crumbling global economies.\nLast year's warmer months\xa0are\xa0now known as the “DeFi Summer” because the total value locked into their smart contracts rapidly grew, from a few hundred million to more than $20 billion in a matter of months.\nDecentralized Finance, as the name implies, operates independently while not relying on traditional intermediaries such as banks and insurance funds. The need for these intermediaries becomes eliminated, thanks to the user's ability to invest, trade, transfer\xa0and conduct peer-to-peer transactions using cryptocurrencies along with digital assets.\nRelated:This Is Why Bitcoin Will Hit $59,000 In 2021\nThe first important event\xa0that helped make decentralized finance possible was the creation of Bitcoin in 2009\xa0which enabled a\xa0default blockchain for all the top DeFi protocols\xa0that was Ethereum.\nEthereum launched in 2015 and quickly started attracting developers who wanted to build all kinds of decentralized applications, from financial applications to games (such as the viral CryptoKitties).\nFast forward to 2017, when ICOs on Ethereum became prevalent. This domicile to digital money, global payments\xa0and applications\xa0have led to some of the most notable DeFi projects of the ICO era. It was from this point forward that it became clear that the public was warming up to DeFi. Billionaire entrepreneurMark Cuban comparedthe growth of DeFi to the early days of the Internet:\n“You’re starting to see NFT (non-fungible tokens), and it’s not so much about just about how much is sold, market value, but more just that people are becoming more comfortable with it and so we’re starting to see these applications that are just popping up left and right. It reminded me so much of the early days of the internet where, in the mid-90s, people started talking about internet applications but the internet had been around for ten years.”\nCuban is a believer in DeFi's power and potential, especially considering the new all-time highs of token prices being reached by Ethereum, and so-called “Ethereum killer” protocols such as Polkadot and Solana.\nOf course, DeFi isn’t only about the prices of platforms’ native cryptocurrencies. TrustToken, for example, also recently launched its TrueFi protocol for uncollateralized on-chain lending on Binance. The protocol essentially lets people borrow money without locking up their crypto as collateral, which Ethereum requires. TrueFi takes the idea of uncollateralized lending, which exists off the blockchain in the form of high-interest, short-term “text loans,” and improves it through DeFi mechanisms, with transparency as a key component of its offering.\nBorrowing and lending are just one of the many capabilities being transformed by DeFi. The growth of non-fungible tokens (NFTs), which open the door for people to invest in traditionally non-fungible assets like real estate and art, also represents a promising development in the space and are growing in popularity. Cuban is a huge fan of this particular DeFi segment.\nRelated:How 2020 Became the Year of\xa0DeFi\xa0and What's to Come in 2021\nThere are a few reasons behind the DeFi craze, aside from the elimination of regulators. Another reason is that\xa0major asset management funds and high-street financial institutions are getting involved, as they are beginning to accept DeFi and looking for ways to participate. Then there is also the classic case of FOMO—people don’t want to be left out of this\xa0explosive growth, especially considering all that the future may have in store for it.\nDeFi developers are consistently building new innovative projects, and exploring ways to bring in new users to start participating. Developers are also discovering new use cases that were previously difficult to touch on, due to high network fees. The tokenization of new, more traditional assets will also create new and exciting opportunities.\nIts recent boom only paved the way for greater potential, which has yet to be tapped into.\nRelated:Here's How Decentralized Finance Is Being Redefined", '• Bitcoin is a \'Chinese financial weapon\'\n• Uber spent $250m to coax back drivers\n• Opinion: UK\'s new tech watchdog is toothless\n• Experience: At the mercy of Deliveroo\'s algorithm\n• Sign up here for our daily technology newsletter\nGameStop shares have risen in premarket trading after saying it intends to elect Ryan Cohen as its next chairman, cementing the activist investor’s influence at the video-game retailer.\nKurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn’t result from a disagreement over operations, policies or practices.\nGameStop shares rose as much as 3.8pc to $184.80 in New York premarket trading. The stock has been on a wild, Reddit-driven ride, surging 845pc this year.\nAhead of its historic flight on the red planet, the Ingenuity helicopter has been captured in a remarkable selfie on Mars with the Perseverance rover.\nIngenuity is aiming to attempt the feat no earlier than 11 April and will undergo several tests over the coming days.\nElsewhere Apple has accused Epic Games, the company behind the popular video game Fortnite, of running a two-year campaign to portray it as the "bad guy".\nAnd Microsoft has been hit with a £270m High Court legal claim from a British business today. Derby business ValueLicensing, a software licence reseller, alleges that Microsoft has abused its dominance over the software world to keep prices of services like Office365 artificially high.\nThat\'s all from us tonight. Thanks for reading, and hopefully see you tomorrow!\nAmazon has opened a pair of new
**Last 60 Days of Bitcoin's Closing Prices:**
[38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-08
**Financial & Commodity Data:**
- Gold Closing Price: $1756.80
- Crude Oil Closing Price: $59.60
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,047,772,079,656
- Hash Rate: 154122560.82418784
- Transaction Count: 278534.0
- Unique Addresses: 761635.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Bhargav Acharya
(Reuters) - A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker's purchase of bitcoin said on Tuesday that his assertions were not true.
The user's original post https://www.reddit.com/r/Bitcoin/comments/kpc8gw/you_heard_it_here_first_our_company_just_bought stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look Wednesday, a day after the electric carmaker and its CEO Elon Musk disclosed a $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs.
Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate.
Tesla did not respond to an email to its press office.
“I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought 24701 BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month.
“I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote.
“I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. “I got laughed at and downvoted.”
The user told the New York Post late on Tuesday that he is in fact a prankster from Germany.
“If you want to know the truth: I am a young German guy and I was on Acid while I did this post in the last month," the Post quoted him as saying. “I had this afflatus that Elon is going to buy Bitcoin, so I created this trollpost.”
The user, who told the Post his name was Hendrik, told Reuters that the information in the New York Post article was correct.
Tesla said it started purchasing bitcoin in January. The New York Post added that with the timeline on the Reddit post, Tesla would have had to start buying bitcoin in late December.
Moderators in r/TSLA, a subreddit dedicated to posts on the electric carmaker's technology and stock price, previously appeared to remove the post https://www.reddit.com/r/TSLA/comments/kpcjrh/you_heard_it_here_first_our_company_just_bought. It was left up in r/bitcoin, where the cryptocurrency is discussed.
Reddit posters were revisiting the post on Tuesday in the light of Tesla's disclosure. "Thanks for the heads up Elon," noted one poster, Valoured, on Tuesday. "Send me a PM (Private Message) before you make your next move please."
The power of social media users on forums such as Reddit’s WallStreetBets to band together and move prices has come into focus in recent weeks, after a surge of retail buying helped fuel wild rides in shares of GameStop Corp and other so-called meme stocks. U.S. Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action.
Tesla said in its annual report published Monday that the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold.
(Corrects paragraph 12 to read "r/TSLA" instead of "r/TESLA" subreddit.)
(Additional reporting by Chris Prentice and Ira Iosebashvili; Writing by Ira Iosebashvili; Editing by Megan Davies, Steve Orlofsky and Edward Tobin)...
- Reddit Posts (Sample): [['u/fbi_open_up_7', 'Dont freak out guys, stay calm , Remember When Markets are RED, Thats when you Accumulate', 55, '2021-04-08 00:21', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mmdiwi/dont_freak_out_guys_stay_calm_remember_when/', "Double digit Corrections should be Welcome with open arms , not questioned with Fear and nervous thoughts. We are at the point of no Return, With PayPal adding a Crypto checkout, its the Mark of the Beast. Also Regulation is BULLISH for Bitcoin / Crypto, so at the end of the day, Crypto is here to stay and dont think Twice about it. \n\nWhen the Markets give us corrections , Thats when you average down and buy more of your favourite Crypto / Projects. When there's blood on the streets, thats when you buy. Even if its your own 💎 \n\n\n2022- 2023 we will all enjoy Financial Freedom as This Market / crypto Asset class will continue to Expand and Grow. Decentralized finance WILL take over.", 'https://www.reddit.com/r/SatoshiStreetBets/comments/mmdiwi/dont_freak_out_guys_stay_calm_remember_when/', 'mmdiwi', [['u/traiseSPB', 14, '2021-04-08 03:08', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mmdiwi/dont_freak_out_guys_stay_calm_remember_when/gtr94r6/', 'These types of post pop out every week just to convince some mf who’s saw his doge go down a 1/1000 of a cent not to jump out of window. Your $23 investment not gonna grow every single fucking day, Jesus', 'mmdiwi']]], ['u/Vendraco00', 'People say you take a risk when investing in Bitcoin. I see it different.', 55, '2021-04-08 00:36', 'https://www.reddit.com/r/Bitcoin/comments/mmdtfg/people_say_you_take_a_risk_when_investing_in/', 'Usually, when you bring up cryptocurrency to someone in a conversation they will say something like “Oh, but isn’t that a very risky investment?”. Well yes, but actually no.\nSure you can lose money because of the volatility, but thats not my point. \n\nA year ago I started investing in cryptocurrency and my perspective on the risks involved have changed a lot since time has passed. We all know the feeling of FOMO, the risk of missing out on the gains you could’ve made on an investment. The risk of losing a future you could’ve had, an improvement of life. The fear of having the feeling of ‘Oh well, if only I would’ve...’ Well. I’m not willing to take that risk.\n\nThe point I’m trying to make is, its a risk NOT to invest in crypto because you risk missing out the best life you can live. Its an escape ticket to a better future and not accepting it would be a risk of losing that what can be. Sometimes you gotta do something risky to play it safe, you know?', 'https://www.reddit.com/r/Bitcoin/comments/mmdtfg/people_say_you_take_a_risk_when_investing_in/', 'mmdtfg', [['u/e4109c', 29, '2021-04-08 00:45', 'https://www.reddit.com/r/Bitcoin/comments/mmdtfg/people_say_you_take_a_risk_when_investing_in/gtqsd3d/', 'I agree, it’s too risky NOT to hold bitcoin.', 'mmdtfg'], ['u/Initial-Good4678', 12, '2021-04-08 01:09', 'https://www.reddit.com/r/Bitcoin/comments/mmdtfg/people_say_you_take_a_risk_when_investing_in/gtqv985/', 'I have a decent stock portfolio and I put a couple of thousand into Apple. i know thats not a lot, but it has performed like shit for the past few months. I would have made more money if I would have taken that $2000 and put it into btc. Anyone that thinks crypto is a shitty investment can stay with their 401k’s.', 'mmdtfg'], ['u/blitzlurker', 12, '2021-04-08 03:46', 'https://www.reddit.com/r/Bitcoin/comments/mmdtfg/people_say_you_take_a_risk_when_investing_in/gtrdpyh/', 'I see it as a savings account on steroids', 'mmdtfg'], ['u/dcbinkowski', 15, '2021-04-08 06:28', 'https://www.reddit.com/r/Bitcoin/comments/mmdtfg/people_say_you_take_a_risk_when_investing_in/gtrv3sj/', "The problem is, noobs always ask if riding trains is dangerous. Their version of riding a train is not getting on while the train is sitting still, at the end of the line, not moving... Their idea of riding a train has always been pulling up along side the train in the back of an El Camino with their friend driving, and trying to JUMP ONTO THE MOVING TRAIN and climb into one of the windows, while its going 50+ MPH, about 3 minutes away from its final destination. That's their version of riding a train, so yes, of COURSE their perception of trains is that they're risky.. \n But people like us bought in after an 80% or 85% price reset, right on the uptrend line basically... To us the HUGE RISK. The LIFE CHANGING AMOUNT OF RISK, was to NOT buy Bitcoin at $3,100 to $4,000. NOT BUYING BITCOIN for us, is the risk. If we do not buy it, we don't get a million bucks basically. We just keep our fiat money and watch it decay at 10% to 20% annually. And our capital basically rots away like cabbage in the summer heat... BUYING Bitcoin for them, at $150K to $200K plus, will be the risk for them. Its all about how you use a train, that makes it either terribly dangerous, or a very safe, comfortable mode of transport to your destination. So comfortable for some of us we just sleep along the way. While outside the window there is a lunatic in the back of an El Camino trying to jump onto the train...", 'mmdtfg']]], ['u/Nerd_mister', 'How do i received transactions in my wallet in 5 seconds?', 42, '2021-04-08 01:28', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/', 'So as BCH is based on BTC, a block should be generated every 10 minutes, so in theory i should wait at least 10 minutes to a transaction be confirmed, but how my transactions are confirmed in a few seconds?\n\nIf it matters i am using the bitcoin.com wallet.', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/', 'mmet8m', [['u/MobTwo', 37, '2021-04-08 01:30', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtqxr14/', 'Try sending 10 cents worth of Bitcoin Cash from one wallet to another and you will see it is instant. There is no need to wait for confirmations. Some platforms like SpinBCH.com has accepted 0-confirmation deposits for years already. Bitcoin Cash just works.', 'mmet8m'], ['u/Remora_101', 13, '2021-04-08 01:33', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtqy2rn/', 'BCH and BTC were one until 2017 where they split. BTC introduced multiple "features" that reduced the safety of 0-conf transactions. 0-conf meaning the time from sending the transaction to the network to the first confirmation by being put into a block\n\nBCH is introducing features that increase the safety of 0-conf transactions. That\'s why a transactions is valid and can be used as soon as it is received. For higher values 1 or more confirmations are still advised.', 'mmet8m'], ['u/mrtest001', 13, '2021-04-08 01:34', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtqy6pc/', 'You receive a payment in your bitcoin.com wallet, and within 3 second you can actually send that to another wallet....\n\nYou dont even have to wait for a confirmation to SPEND what you just received!', 'mmet8m'], ['u/ImageJPEG', 25, '2021-04-08 01:36', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtqyg1r/', 'Unless you transact right before a block is mined, they aren’t confirmed within a few seconds. However, BCH is secure enough and lacks RBF that for small amounts, it’s pretty safe to accept the transaction.', 'mmet8m'], ['u/SoulMechanic', 16, '2021-04-08 01:37', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtqyjhr/', "0-conf, means Zero confirmations but it is instantly added to the mempool(which you can think of as the que line) and since there is no RBF(replace by fee) on Bitcoin cash you can be confident that the transaction will confirm, as it would cost more in time and money to double-spend than it's worth.", 'mmet8m'], ['u/DuncanThePunk', 17, '2021-04-08 01:42', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtqz49o/', "BCH is based on BTC before BTC implemented Replace By Fee. RBF means you can send a transaction then replace the transaction with a new one to yourself (as long as the transaction fee is higher). This means users of BTC need to wait until for at least one confirmation to be confident it will be part of the blockchain. BCH on the other hand, doesn't have RBF so once a transaction has been signed by the users private key, it is only a matter of time before a miner picks it up (probably the next block). The recipient wallet can monitor the mempool to check for the transaction fee. If you were buying a million dollar house then you may want to wait for a few confirmations in case someone performs a 51% attack. But even then, that would cost the attacker a lot of money.", 'mmet8m'], ['u/Nerd_mister', 12, '2021-04-08 01:48', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtqzssb/', 'Oh thanks.', 'mmet8m'], ['u/FUBAR-BDHR', 33, '2021-04-08 02:46', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtr6ixj/', 'Wrong. They can be spent again immediately up to 50 times. Soon that 50 limit will be removed.', 'mmet8m'], ['u/Shibinator', 23, '2021-04-08 02:47', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/gtr6o5o/', "No, you can spend 0 conf coins on BCH, there's no issue with that.\n\nIf you're transferring upwards of $1 000+, you might still want to wait for some confirmations to be sure, but that's just for your own peace of mind, the protocol has no issues with allowing coins of any amount to be spent in 0 conf.", 'mmet8m'], ['u/mrtest001', 10, '2021-04-08 03:53', 'https://www.reddit.com/r/btc/comments/mmet8m/how_do_i_received_transactions_in_my_wallet_in_5/...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 3.84% on Thursday. Reversing a 3.50% loss from Wednesday, Bitcoin ended the day at $58,110.0.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $55,714.0 before making a move.\nSteering clear of the first major support level at $54,798, Bitcoin rallied to a late intraday high $58,155.0.\nBitcoin broke through the first major resistance level at $57,882 before a fall back to $57,500 levels.\nFinding late support, however, Bitcoin broke back through the first major resistance level to end the day at $58,000 levels.\nThe near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish day on Thursday.\nRipple’s XRPjumped by 15.89% to lead the way, withBinance Coinrallying by 11.65%.\nCardano’s ADA(+4.02%),Chainlink(+5.35%),Crypto.com Coin(+7.31%),Ethereum(+5.93%), andLitecoin(+3.21%) also found strong support.\nBitcoin Cash SV(+2.79%) and Polkadot (+0.81%) trailed the front runners, however.\nIn the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,920bn.\nBitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.55%.\nAt the time of writing, Bitcoin was up by 0.05% to $58,138.3. A mixed start to the day saw Bitcoin rise to an early morning high $58,239.0 before falling to a low $58,063.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCardano’s ADA and Polkadot were down by 0.17% and by 0.07% to buck the trend early on, with Binance Coin flat.\nAt the time of writing, Crypto.com Coin was up by 1.50%, however, to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $57,326 to bring the first major resistance level at $58,939 into play.\nSupport from the broader market would be needed for Bitcoin to break out from $58,500 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,767.\nA fall through the $57,326 pivot would bring the first major support level at $56,498 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,885.\nThisarticlewas originally posted on FX Empire\n• European Equities – German Industrial Production and Trade in Focus\n• Bitcoin Stuck: Solution? Stay Out.\n• USD/JPY Price Forecast – US Dollar Get Hammered Against Yen\n• USD/CAD Daily Forecast – U.S. Dollar Is Under Pressure After Yesterday’s Upside Move\n• GBP/USD Price Forecast – British Pound Trying to Find Footing\n• Gold Price Forecast – Gold Markets Break Out', 'Bitcoin , BTC to USD, rose by 3.84% on Thursday. Reversing a 3.50% loss from Wednesday, Bitcoin ended the day at $58,110.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,714.0 before making a move. Steering clear of the first major support level at $54,798, Bitcoin rallied to a late intraday high $58,155.0. Bitcoin broke through the first major resistance level at $57,882 before a fall back to $57,500 levels. Finding late support, however, Bitcoin broke back through the first major resistance level to end the day at $58,000 levels. The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Thursday. Ripple’s XRP jumped by 15.89% to lead the way, with Binance Coin rallying by 11.65%. Cardano’s ADA (+4.02%), Chainlink (+5.35%), Crypto.com Coin (+7.31%), Ethereum (+5.93%), and Litecoin (+3.21%) also found strong support. Bitcoin Cash SV (+2.79%) and Polkadot (+0.81%) trailed the front runners, however. In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,920bn. Bitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.55%. This Morning At the time of writing, Bitcoin was up by 0.05% to $58,138.3. A mixed start to the day saw Bitcoin rise to an early morning high $58,239.0 before falling to a low $58,063.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA and Polkadot were down by 0.17% and by 0.07% to buck the trend early on, with Binance Coin flat. At the time of writing, Crypto.com Coin was up by 1.50%, however, to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $57,326 to bring the first major resistance level at $58,939 into play. Support from the broader market would be needed for Bitcoin to break out from $58,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,767. A fall through the $57,326 pivot would bring the first major support level at $56,498 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,885. This article was originally posted on FX Empire More From FXEMPIRE: European Equities – German Industrial Production and Trade in Focus Bitcoin Stuck: Solution? Stay Out. USD/JPY Price Forecast – US Dollar Get Hammered Against Yen USD/CAD Daily Forecast – U.S. Dollar Is Under Pressure After Yesterday’s Upside Move GBP/USD Price Forecast – British Pound Trying to Find Footing Gold Price Forecast – Gold Markets Break Out', 'Decentralized finance (DeFi) protocol Badger DAO is taking more steps in bringing Bitcoin to Ethereum with its latest partnership with institutional onramp Fireblocks.\nIn an April 9 announcement, Badger DAO stated that the partnership would help to bring institutional Bitcoin to the DeFi ecosystem. The Bitcoin wrapping protocol also aims to increase its usage among the growing institutional investor base.\nFireblocks is an enterprise-grade platform offering secure infrastructure for moving, storing, and issuing digital assets for institutional clients.\n“We’re excited to announce a strategic partnership between Fireblocks and BadgerDAO to enable Fireblocks 200+ institutional clients to securely hold Badger assets on their platform and put their Bitcoin to work,”\nThe announcement added that with the right on-ramps, institutional investors could put their recently acquired Bitcoin to work. Because of this. it could help usher in the next big capital injection for DeFi.\nFireblocks has secured the transfer of over $400 billion in digital assets to date. It also completed a $133 millionSeries C funding roundin March led by some big names in venture capital.\nThe partnership will enable the Badger dApp and Sett vaults to be integrated into Fireblocks to create API and browser extension products.\n“This enables their users to deposit tokenized bitcoin directly into any of our automated yield producing vaults to generate between 10–197% APY.”\nBadger’s flagship product is the Sett vault. Users can deposit tokenized Bitcoin in the vault, such as wBTC or renBTC, to generate an automated yield.\nThe protocol claims to have over $1 billion worth of tokenized Bitcoin in its vaults from automated yield aggregation strategies. The collaboration will also enable Institutional clients to securely hold their Badger tokens and interest-bearing assets on the Fireblocks platform.\nStaking on the protocol in return for high-yielding LP tokens is also available for Fireblocks users, it added.\nFireblocks first onboarded institutional clients to DeFi through integration with lending protocolCompound Financein March 2020. It’s partnered with several other crypto and DeFi protocols since including Aave, Synthetix, and NEM.\nAs reported by BeInCrypto, BadgerDAOpartnered with Yearn Financein February to develop secure Bitcoin vaults. It also launched its ownstablecoin called CLAWSin the same month.\nBadgerDAO’s native token climbed 8% on the news, reaching $41.82 at the time of press according to CoinGecko. BADGER has retreated 10% over the past week, however, but much of those gains have been clawed back.\nThe token hit an all-time high of $84 on Feb. 9 but has currently retreated to about half that. TVL on the protocol is around $1 billion according to DeFi Pulse.', 'Decentralized finance (DeFi) protocol Badger DAO is taking more steps in bringing Bitcoin to Ethereum with its latest partnership with institutional onramp Fireblocks. In an April 9 announcement, Badger DAO stated that the partnership would help to bring institutional Bitcoin to the DeFi ecosystem. The Bitcoin wrapping protocol also aims to increase its usage among the growing institutional investor base. Fireblocks is an enterprise-grade platform offering secure infrastructure for moving, storing, and issuing digital assets for institutional clients. “We’re excited to announce a strategic partnership between Fireblocks and BadgerDAO to enable Fireblocks 200+ institutional clients to securely hold Badger assets on their platform and put their Bitcoin to work,” Announcing @BadgerDAO x @FireblocksHQ partnering to bring institutional #BTC to DeFi. Fireblocks 200+ institu
**Last 60 Days of Bitcoin's Closing Prices:**
[46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-09
**Financial & Commodity Data:**
- Gold Closing Price: $1743.30
- Crude Oil Closing Price: $59.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,091,966,228,906
- Hash Rate: 174825591.38266087
- Transaction Count: 324720.0
- Unique Addresses: 853581.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.70
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: MicroStrategy, a business intelligence firm best known for the cryptocurrency it buys rather than for any product it sells, is planning to purchase even more bitcoin.
• Microstrategy on Tuesdaysaidit intends to offer $600 million aggregate principal amount of convertible senior notes due 2027.
• The once-obscure firm, which jumped into the headlines last August for using treasury funds to buybitcoinand has since loaded up on the leading cryptocurrency to the point its holdings are worth more than $3.5 billion, said it intends to use the net proceeds from the note sale to buy even more.
• The Nasdaq-listed company said it expects to grant initial purchasers of the notes an option to buy an additional $90 million, making the total potential offering $690 million.
• MSTR was trading down nearly 5% during early trading hours Tuesday.
This is a developing story and will be updated.
• MicroStrategy Files to Offer $600M in Notes in Order to Buy Yet More Bitcoin
• MicroStrategy Files to Offer $600M in Notes in Order to Buy Yet More Bitcoin
• MicroStrategy Files to Offer $600M in Notes in Order to Buy Yet More Bitcoin
• MicroStrategy Files to Offer $600M in Notes in Order to Buy Yet More Bitcoin...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF) provides an update today that further to the review by the Ontario Securities Commission (the “OSC”) of the Company’s continuous disclosure and a subsequent request from OSC staff in connection therewith, the Company has filed amended and restated interim consolidated financial statements for the three and nine months ended September 30, 2020 along with a corresponding restated management discussion and analysis.\nCorrective disclosure was requested by staff of the OSC in connection with its review of the Company's base shelf prospectus. In accordance with OSC Staff Notice 51-711 (Revised)Refilings and Corrections of Errors(“Notice 51-711”), the Company has filed the documents noted above on SEDAR, which include restatements related to a decrease in the goodwill and share based compensation which were overstated by US$2,957,458 and US$512,523, respectively.\nAs a result of the filing of this disclosure the Company will be placed on the public list of Refiling and Errors in accordance with Notice 51-711.\nAbout Digihost Technology Inc.Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining. The Company's mining facilities are located in Upstate New York, and are equipped with 78.7 MW of low-cost power with the option to expand to 102MW. The Company is currently hashing at a rate of 190PH with potential to expand to a rate of 3EH upon the completion of the previously announced acquisition of a 60MW power plant.\nFor further information, please contact:\nDigihost Technology Inc.www.digihost.caMichel Amar, Chief Executive OfficerEmail: [email protected]\nCautionary Statement\nTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-Looking Statements\nExcept for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about potential further improvements to profitability and efficiency across mining operationsincluding as a result of acquisitions of equipment and infrastructure, potential for the Company’s long-term growth, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the ability to obtain regulatory approval for and complete acquisitions of equipment and infrastructure on the terms as announced or at all; the ability to successfully integrate the acquisitions of equipment and infrastructure on an economic basis or at all; continued effects of the COVID19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from operating its assets; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; the digital currency market; the Company’s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings at www.sedar.com. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about: the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.", "TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (\x93 Digihost \x94 or the \x93 Company \x94) (TSXV: DGHI; OTCQB: HSSHF) provides an update today that further to the review by the Ontario Securities Commission (the \x93 OSC \x94) of the Company\x92s continuous disclosure and a subsequent request from OSC staff in connection therewith, the Company has filed amended and restated interim consolidated financial statements for the three and nine months ended September 30, 2020 along with a corresponding restated management discussion and analysis. Corrective disclosure was requested by staff of the OSC in connection with its review of the Company's base shelf prospectus. In accordance with OSC Staff Notice 51-711 (Revised) Refilings and Corrections of Errors (\x93 Notice 51-711 \x94), the Company has filed the documents noted above on SEDAR, which include restatements related to a decrease in the goodwill and share based compensation which were overstated by US$2,957,458 and US$512,523, respectively. As a result of the filing of this disclosure the Company will be placed on the public list of Refiling and Errors in accordance with Notice 51-711. About Digihost Technology Inc. Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining. The Company's mining facilities are located in Upstate New York, and are equipped with 78.7 MW of low-cost power with the option to expand to 102MW. The Company is currently hashing at a rate of 190PH with potential to expand to a rate of 3EH upon the completion of the previously announced acquisition of a 60MW power plant. For further information, please contact: Digihost Technology Inc. www.digihost.ca Michel Amar, Chief Executive Officer Email: [email protected] Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Story continues Forward-Looking Statements Except for the statements of historical fact, this news release contains \x93forward-looking information\x94 within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. \x93Forward-looking information\x94 in this news release includes information about potential further improvements to profitability and efficiency across mining operations including as a result of acquisitions of equipment and infrastructure, potential for the Company\x92s long-term growth, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the ability to obtain regulatory approval for and complete acquisitions of equipment and infrastructure on the terms as announced or at all; the ability to successfully integrate the acquisitions of equipment and infrastructure on an economic basis or at all; continued effects of the COVID19 pandemic may have a material adverse effect on the Company\x92s performance as supply chains are disrupted and prevent the Company from operating its assets; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability and efficiency may not be realized; the digital currency market; the Company\x92s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company\x92s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company\x92s filings at www.sedar.com. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about: the current profitability in mining cryptocurrency (including pric
**Last 60 Days of Bitcoin's Closing Prices:**
[46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-10
**Financial & Commodity Data:**
- Gold Closing Price: $1743.30
- Crude Oil Closing Price: $59.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,132,394,426,212
- Hash Rate: 180576433.2044589
- Transaction Count: 299086.0
- Unique Addresses: 762965.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.70
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Digital asset infrastructure company BitGo holds $250 million inbitcoinon its balance sheet, CEO Mike Belshe revealed to CoinDesk in a recent interview.
The disclosure comes at a time when more crypto companies are opening up about their own bitcoin holdings. It’s not unusual for crypto firms to hold the same assets as they’re selling to their customers, but a recent wave of institutional investment has these same firms sharing details about their own investments in crypto assets.
BitGo has had bitcoin on its balance sheet since 2014, Belshe said. One of the first products BitGo pursued in that same year was a multi-sig, multi-user wallet designed in part for treasury management, he added.
Related:Crypto Wallet Exodus Seeks SEC Permission to Tokenize Shares, Aims for $75M Raise
While putting bitcoin into treasury became trendy in 2020 withMicroStrategy,Square,MassMutualand others, it’s an asset diversification strategy that BitGo had seen clients practice long before the bull run.
“It’s taken longer for the industry to evolve than we thought it would,” Belshe said.
BitGo’s disclosure comes about a week after leading crypto exchange Coinbase revealed in a blog post that it has heldbitcoin and other assets on its balance sheet since 2012.
At the time BitGo added bitcoin to its own treasury, Belshe argued the firm should have the same exposure to the asset its customers were taking on.
Related:Hex Trust Launches Licenced Custody Service for Non-Fungible Tokens
“A venture-backed firm taking a position on something other than U.S. dollars for their investment money is a very controversial thing,” Belshe said. “If the founders came to the investors and said, ‘Hey, I’d like to take the cash you gave us and put it in gold, the answer would be, ‘No, you shouldn’t do that.’”
At the time, BitGo developed a liquidity policy that looked at what would happen in the event the digital assets in its treasury went to zero, and has maintained 24 to 36 months of cash runway aside from its digital asset holdings.
“I strongly recommend that companies invest heavily in bitcoin,” Belshe said. “I think the global pandemic has shown that some exposure to digital assets is actually a way to stabilize your business as opposed to destabilizing it.”
Belshe points to insurance funds and pensions allocating 3% to 5% of their cash reserves to bitcoin as a benchmark for other companies thinking about adding bitcoin to the balance sheet. While interest rates remain low, Belshe expects investors to keep pouring into high-yield assets like bitcoin for some time.
“Generally, what people are expecting is a pretty dismal [bond] market for a while,” Belshe said. “The other place you can go right now is the stock market but if those bond rates go up then the stock markets are going to take a hit … so I think people are looking for a general hedge against both markets.”
• BitGo Reveals $250M in Bitcoin Holdings, Signaling More Crypto-Native Disclosures Ahead
• BitGo Reveals $250M in Bitcoin Holdings, Signaling More Crypto-Native Disclosures Ahead...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 2.89% on Saturday. Following on from a 0.04% gain on Friday, Bitcoin ended the day at $59,812.0.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $57,900.0 before making a move.\nSteering clear of the first major support level at $57,602, Bitcoin rallied to an early morning intraday high $61,243.0.\nBitcoin broke through the day’s major resistance levels to come within range of the March swing hi $61,699.0 before hitting reverse.\nThe reversal saw Bitcoin slide back to sub-$58,500 levels before finding support.\nBitcoin broke back through the first major resistance level at $58,777 and the second major resistance level at $59,420 to end the day at $59,800 levels.\nThe near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nPolkadot fell by 0.88% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nRipple’s XRPsurged by 34.82% to lead the way, withLitecoinrallying by 15.75%.\nBinance Coin(+3.96%),Crypto.com Coin(+2.81%), andEthereum(+3.22%) made relatively solid gains.\nBitcoin Cash SV(+0.32%),Cardano’s ADA(+1.21%), andChainlink(+1.03%) trailed the front runners, however.\nIn the current week, the crypto total market fell to a Wednesday low $1,782bn before rising to a Saturday high $2,064bn. At the time of writing, the total market cap stood at $2,010bn.\nBitcoin’s dominance rose to a Monday high 58.43% before falling to a Saturday low 55.40%. At the time of writing, Bitcoin’s dominance stood at 56.29%.\nAt the time of writing, Bitcoin was up by 1.22% to $60,541.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,651.0 before rising to a high $60,624.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (-0.12%), Litecoin (-1.77%), and Polkadot (-2.42%) saw red to buck the trend early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Ripple’s XRP was up by 4.74% to lead the way.\nBitcoin would need to avoid a fall back through the pivot level at $59,652 to bring the first major resistance level at $61,403 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Saturday’s high $61,243.0.\nBarring an extended crypto rally, the first major resistance level and resistance at the March swing hi $61,699 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $65,000 before any pullback. The second major resistance level sits at $62,995.\nFailure to avoid a fall back through the $59,652 pivot would bring the first major support level at $58,060 into play.\nBarring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $56,309.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs to Hold 4089.00 to Sustain Upside Momentum\n• S&P 500 Price Forecast – Stock Market Continues to Plow Higher\n• Most Asia-Pacific Stock Markets Finish Lower as China PPI Rises More than Expected\n• U.S Mortgage Rates Fall for the First Time in 9-Weeks\n• The Week Ahead – Economic Data, COVID-19, and Corporate Earnings in Focus\n• European Equities: A Week in Review – 09/04/21', 'Bitcoin , BTC to USD, rose by 2.89% on Saturday. Following on from a 0.04% gain on Friday, Bitcoin ended the day at $59,812.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $57,900.0 before making a move. Steering clear of the first major support level at $57,602, Bitcoin rallied to an early morning intraday high $61,243.0. Bitcoin broke through the day’s major resistance levels to come within range of the March swing hi $61,699.0 before hitting reverse. The reversal saw Bitcoin slide back to sub-$58,500 levels before finding support. Bitcoin broke back through the first major resistance level at $58,777 and the second major resistance level at $59,420 to end the day at $59,800 levels. The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot fell by 0.88% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Ripple’s XRP surged by 34.82% to lead the way, with Litecoin rallying by 15.75%. Binance Coin (+3.96%), Crypto.com Coin (+2.81%), and Ethereum (+3.22%) made relatively solid gains. Bitcoin Cash SV (+0.32%), Cardano’s ADA (+1.21%), and Chainlink (+1.03%) trailed the front runners, however. In the current week, the crypto total market fell to a Wednesday low $1,782bn before rising to a Saturday high $2,064bn. At the time of writing, the total market cap stood at $2,010bn. Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Saturday low 55.40%. At the time of writing, Bitcoin’s dominance stood at 56.29%. This Morning At the time of writing, Bitcoin was up by 1.22% to $60,541.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,651.0 before rising to a high $60,624.0. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a mixed start to the day. Binance Coin (-0.12%), Litecoin (-1.77%), and Polkadot (-2.42%) saw red to buck the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was up by 4.74% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $59,652 to bring the first major resistance level at $61,403 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $61,243.0. Barring an extended crypto rally, the first major resistance level and resistance at the March swing hi $61,699 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $65,000 before any pullback. The second major resistance level sits at $62,995. Failure to avoid a fall back through the $59,652 pivot would bring the first major support level at $58,060 into play. Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $56,309. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs to Hold 4089.00 to Sustain Upside Momentum S&P 500 Price Forecast – Stock Market Continues to Plow Higher Most Asia-Pacific Stock Markets Finish Lower as China PPI Rises More than Expected U.S Mortgage Rates Fall for the First Time in 9-Weeks The Week Ahead – Economic Data, COVID-19, and Corporate Earnings in Focus European Equities: A Week in Review – 09/04/21', '(Reuters) - Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption.\nThe world\'s biggest and best-known cryptocurrency hit $61,222.22 on Saturday, its highest in nearly a month. It was slightly lower at $59,907 at 0500 GMT on Sunday.\nBitcoin (BTC) is up 116% from the year\'s low of $27,734 on Jan. 4. It crossed the $60,000 mark for the first time on March 13, hitting a record $61,781.83 on Bitstamp exchange, just after U.S. President Joe Biden signed his $1.9 trillion fiscal stimulus package into law.\nJustin d\'Anethan, sales manager at digital asset company Diginex in Hong Kong, said investors had turned their attention to stock markets and other cryptocurrencies in the past couple of weeks, leaving Bitcoin idling in the upper 50-thousand dollar levels.\n"That changed just yesterday when we pierced through 60K. With miners not selling recently minted coins, on-exchange reserves hitting multi-year lows and an incessant stream of corporates, funds, large and small investors piling into BTC, we punched through," he said.\nBitcoin\'s stunning gains this year have been driven by its mainstream acceptance as an investment and a means of payment, accompanied by the rush of retail cash into stocks, exchange-traded funds and other risky assets.\nIt soared this year as major firms, such as BNY Mellon, asset manager BlackRock Inc, credit card giant Mastercard Inc, backed cryptocurrencies, while those such as Tesla Inc Square Inc and MicroStrategy Inc invested in bitcoin.\nBig U.S. banks such as Morgan Stanley are also seeking to offer wealth management clients access to bitcoin funds.\n(Reporting by Aakriti Bhalla in Bengaluru and Vidya Ranganathan in Singapore; Editing by William Mallard)', '(Reuters) - Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption.\nThe world\'s biggest and best-known cryptocurrency hit $61,222.22 on Saturday, its highest in nearly a month. It was slightly lower at $59,907 at 0500 GMT on Sunday.\nBitcoin (BTC) is up 116% from the year\'s low of $27,734 on Jan. 4. It crossed the $60,000 mark for the first time on March 13, hitting a record $61,781.83 on Bitstamp exchange, just after U.S. President Joe Biden signed his $1.9 trillion fiscal stimulus package into law.\nJustin d\'Anethan, sales manager at digital asset company Diginex in Hong Kong, said investors had turned their attention to stock markets and other cryptocurrencies in the past couple of weeks, leaving Bitcoin idling in the upper 50-thousand dollar levels.\n"That changed just yesterday when we pierced through 60K. With miners not
**Last 60 Days of Bitcoin's Closing Prices:**
[44918.18, 47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-11
**Financial & Commodity Data:**
- Gold Closing Price: $1743.30
- Crude Oil Closing Price: $59.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,116,198,751,062
- Hash Rate: 166774412.8321436
- Transaction Count: 253449.0
- Unique Addresses: 653736.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: How high can bitcoin fly in the ongoing bull run? That’s a question on traders’ minds after the cryptocurrency’s price jumped fivefold since October. According to Bloomberg bitcoin ( BTC ) analysts, the price could climb as high as $400,000 this year, from about $56,000 now. The uber-bullish prediction is based on bitcoin’s performance during the 2017 and 2013 bull runs. “Our graphic depicts bitcoin on similar ground as the roughly 55x gain in 2013 and 15x in 2017,” Bloomberg Crypto noted in a monthly report published this week. “To reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since the 2011 high.” Related: Audius Brings NFT Galleries to EDM-Heavy Streaming Service While past performance is no guarantee of future results, history might rhyme. The latest bull run comes in the wake of last May’s reward halving on the Bitcoin blockchain – an automatic, every-four-years, 50% reduction in the pace of new issuance of units of the cryptocurrency. Bitcoin chalked up staggering gains in the 12 to 18 months following the previous reward halvings in November 2012 and July 2016. “The year after a supply cut (halving) is what 2021 has in common with 2017 and 2013, along with subdued volatility,” the Bloomberg bitcoin analysts wrote, adding that the December 2017 peak represented a 50-fold rise from the average price observed in October 2015, when the 180-day volatility reached lifetime lows. The long-term volatility gauge almost revisited the record low in September 2020, analysts noted. Bitcoin averaged roughly $11,000 that month. Risk-off asset and digital gold Related: Bitcoin News Roundup for April 8, 2021 Some observers fear a faster rise in bond yields could dilute the appeal of inflation hedges such as gold and bitcoin, pushing their prices lower. However, Bloomberg analysts foresee bitcoin remaining relatively resilient in a rising yield environment. “Rising real yields are a headwind for gold prices, but less so for bitcoin, still in its price-discovery stage,” analysts noted. “Gold is fighting a battle with bitcoin, which can earn 6%-8% in crypto savings accounts and is well on its way to becoming a global reserve asset in a digital world.” The cryptocurrency fell by 20% in the last week of February after the U.S. 10-year Treasury yield rose to then-12-month highs above 1.5%. The yield has continued to rise since then and recently reached a 14-month high of 1.77%. The bitcoin market, meanwhile, has held firm. Story continues According to the report, the steep discount witnessed recently in the Grayscale Bitcoin Trust (GBTC), a popular investment vehicle, is the result of increased expectations that the U.S. will eventually approve a bitcoin exchange-traded fund. GBTC is still holding its 50-day average support, which has enticed buyers in the past. (Grayscale is owned by Digital Currency Group, which also owns CoinDesk.) Related Stories Bloomberg Foresees Bitcoin Rallying to $400K This Year Bloomberg Foresees Bitcoin Rallying to $400K This Year View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Ethereum Ethereum rose by 0.82% on Sunday. Following on from a 3.22% gain from Saturday, Ethereum ended the week up by 3.58% to $2150.54. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,112.58 before making a move. Steering clear of the first major support level at $2,062, Ethereum rose to a late intraday high $2,163.18. Falling short of the first major resistance level at $2,200, Ethereum eased back to end the day at $2,150 levels. At the time of writing, Ethereum was down by 0.16% to $2,147.20. A mixed start to the day saw Ethereum rise to an early morning high $2,160.60 before falling to a low $2,147.00. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to avoid a fall through the pivot level at $2,142 to support a run at the first major resistance level at $2,172. Support from the broader market would be needed, however, for Ethereum to break out from Sunday\x92s high $2,163.18 Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a breakout, Ethereum could test resistance at $2,200 before any pullback. The second major resistance level sits at $2,193. Failure to avoid a fall through the $2,142 pivot would bring the first major support level at $2,121 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,050 levels. The second major support level at $2,092 should limit the downside. Looking at the Technical Indicators First Major Support Level: $2,121 Pivot Level: $2,142 First Major Resistance Level: $2,172 23.6% FIB Retracement Level: $1,696 38.2% FIB Retracement Level: $1,387 62% FIB Retracement Level: $888 Litecoin Litecoin fell by 1.49% on Sunday. Partially reversing a 15.75% breakout from Saturday, Litecoin ended the week up by 24.81% to $252.44. A bullish start to the day saw Litecoin rise to a mid-morning intraday high and a new swing hi $262.98 before hitting reverse. Story continues Falling short of the first major resistance level at $269, Litecoin fell to a late afternoon intraday low $244.48. Steering clear of the first major support level at $231, Litecoin moved back through to $252 levels to limit the loss on the day. At the time of writing, Litecoin was down by 0.23% to $251.86. A mixed start to the day saw Litecoin rise to an early morning high $254.96 before falling to a low $251.72. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $255 pivot level to support a run at the first major resistance level at $261. Support from the broader market would be needed, however, for Litecoin to break back through to $260 levels. Barring an extended crypto rally, the first major resistance level and Sunday\x92s high $262.98 would likely cap any upside. In the event of an extended rally, Litecoin could test the second major resistance level at $270. Failure to move through the $255 pivot level would bring the first major support level at $246 into play. Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $240. Looking at the Technical Indicators First Major Support Level: $246 Pivot Level: $255 First Major Resistance Level: $261 23.6% FIB Retracement Level: $207 38.2% FIB Retracement Level: $172 62% FIB Retracement Level: $116 Ripple\x92s XRP Ripple\x92s XRP fell by 1.32% on Sunday. Following a 34.82% surge on Saturday, Ripple\x92s XRP ended the week up by 113.1% to $1.35243. A bullish start to the day saw Ripple\x92s XRP rally to an early morning intraday high and a new swing hi $1.49667. Falling short of the first major resistance level at $1.5131, Ripple\x92s XRP slid to a mid-day intraday low $1.28937. Steering clear of the first major support level at $1.1202, Ripple\x92s XRP revisited $1.41 levels before falling back into the red. At the time of writing, Ripple\x92s XRP was down by 0.56% to $1.34483. A mixed start to the day saw Ripple\x92s XRP rise to an early morning high $1.36699 before falling to a low $1.34162. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP will need to move through the $1.3795 pivot level to bring the first major resistance level at $1.4696 into play. Support from the broader market would be needed, however, for Ripple\x92s XRP to break out from $1.45 levels. Barring an extended crypto rally, the first major resistance level and Sunday\x92s new swing hi $1.49667 would likely cap any upside. In the event of an extended rally, Ripple\x92s XRP could test resistance at $1.60 levels before any pullback. The second major resistance level sits at $1.5868. Failure to move through the $1.3795 pivot would bring the first major support level at $1.2623 into play. Barring another extended sell-off, however, Ripple\x92s XRP should steer clear of the 23.6% FIB of $1.1841. The second major support level sits at $1.1722. Looking at the Technical Indicators First Major Support Level: $1.2623 Pivot Level: $1.3795 First Major resistance Level: $1.4696 23.6% FIB Retracement Level: $1.1841 38.2% FIB Retracement Level: $0.9907 62% FIB Retracement Level: $0.6781 Please let us know what you think in the comments below . Thanks, Bob This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Forex Technical Analysis \x96 Strengthens Over 109.983, Weakens Under 109.385 JPMorgan Chase Could Hit New Highs After Earnings Major U.S. Stock Indexes Plow Higher with S&P 500, Dow Closing at Records Bitcoin and Ripple\x92s XRP \x96 Weekly Technical Analysis \x96 April 12th, 2021 Eurozone Retail Sales and the BoC Business Survey Put the EUR and Loonie in Focus The Crypto Daily \x96 Movers and Shakers \x96 April 12th, 2021', 'Ethereumrose by 0.82% on Sunday. Following on from a 3.22% gain from Saturday, Ethereum ended the week up by 3.58% to $2150.54.\nA mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,112.58 before making a move.\nSteering clear of the first major support level at $2,062, Ethereum rose to a late intraday high $2,163.18.\nFalling short of the first major resistance level at $2,200, Ethereum eased back to end the day at $2,150 levels.\nAt the time of writing, Ethereum was down by 0.16% to $2,147.20. A mixed start to the day saw Ethereum rise to an early morning high $2,160.60 before falling to a low $2,147.00.\nEthereum left the major support and resistance levels untested early on.\nEthereum would need to avoid a fall through the pivot level at $2,142 to support a run at the first major resistance level at $2,172.\nSupport from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $2,163.18\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a breakout, Ethereum could test resistance at $2,200 before any pullback. The second major resistance level sits at $2,193.\nFailure to avoid a fall through the $2,142 pivot would bring the first major support level at $2,121 into play.\nBarring an extended sell-off, however, Ethereum should steer clear of sub-$2,050 levels. The second major support level at $2,092 should limit the downside.\nFirst Major Support Level: $2,121\nPivot Level: $2,142\nFirst Major Resistance Level: $2,172\n23.6% FIB Retracement Level: $1,696\n38.2% FIB Retracement Level: $1,387\n62% FIB Retracement Level: $888\nLitecoinfell by 1.49% on Sunday. Partially reversing a 15.75% breakout from Saturday, Litecoin ended the week up by 24.81% to $252.44.\nA bullish start to the day saw Litecoin rise to a mid-morning intraday high and a new swing hi $262.98 before hitting reverse.\nFalling short of the first major resistance level at $269, Litecoin fell to a late afternoon intraday low $244.48.\nSteering clear of the first major support level at $231, Litecoin moved back through to $252 levels to limit the loss on the day.\nAt the time of writing, Litecoin was down by 0.23% to $251.86. A mixed start to the day saw Litecoin rise to an early morning high $254.96 before falling to a low $251.72.\nLitecoin left the major support and resistance levels untested early on.\nLitecoin would need to move through the $255 pivot level to support a run at the first major resistance level at $261.\nSupport from the broader market would be needed, however, for Litecoin to break back through to $260 levels.\nBarring an extended crypto rally, the first major resistance level and Sunday’s high $262.98 would likely cap any upside.\nIn the event of an extended rally, Litecoin could test the second major resistance level at $270.\nFailure to move through the $255 pivot level would bring the first major support level at $246 into play.\nBarring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $240.\nFirst Major Support Level: $246\nPivot Level: $255\nFirst Major Resistance Level: $261\n23.6% FIB Retracement Level: $207\n38.2% FIB Retracement Level: $172\n62% FIB Retracement Level: $116\nRipple’s XRPfell by 1.32% on Sunday. Following a 34.82% surge on Saturday, Ripple’s XRP ended the week up by 113.1% to $1.35243.\nA bullish start to the day saw Ripple’s XRP rally to an early morning intraday high and a new swing hi $1.49667.\nFalling short of the first major resistance level at $1.5131, Ripple’s XRP slid to a mid-day intraday low $1.28937.\nSteering clear of the first major support level at $1.1202, Ripple’s XRP revisited $1.41 levels before falling back into the red.\nAt the time of writing, Ripple’s XRP was down by 0.56% to $1.34483. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.36699 before falling to a low $1.34162.\nRipple’s XRP left the major support and resistance levels untested early on.\nRipple’s XRP will need to move through the $1.3795 pivot level to bring the first major resistance level at $1.469
**Last 60 Days of Bitcoin's Closing Prices:**
[47909.33, 47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-12
**Financial & Commodity Data:**
- Gold Closing Price: $1731.20
- Crude Oil Closing Price: $59.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,127,088,634,522
- Hash Rate: 165624244.467784
- Transaction Count: 291369.0
- Unique Addresses: 762819.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Jay-Z, Tiffany Haddish , Usher, Lin-Manuel Miranda, Charlamagne Tha God, Kareem Abdul-Jabbar, Susan Sarandon and Pete Buttigieg are the latest guests announced to appear at “The Gathering of Harry,” a surprise virtual party for Harry Belafonte ’s 94th birthday. The event will air live on Feb. 28 at 7 p.m. Belafonte’s family members, friends, artists, athletes, elected officials and activists will help honor his legacy with live performances, video tributes and testimonials. Jay-Z will also be accepting The Gatekeeper of Truth Award for his support to organizers on the frontlines during the current political climate and his inspiration to multiple generations. More from Variety Pete Buttigieg Documentary From 'Boys State' Director Lands at Amazon Studios (EXCLUSIVE) Jay-Z, Twitter's Jack Dorsey Establish $24 Million Fund to Develop Bitcoin Go-Go's, Jay-Z, Foo Fighters, Iron Maiden Among First-Time Nominees for Rock & Roll Hall of Fame Previously announced guests include Common, Danny Glover, Chuck D, Bernie and Jane Sanders, Stacey Abrams, Aloe Blacc, Tamika D. Mallory, Rev. Al Sharpton, Aja Monet, Mysonne The General, Diane Nash, Carmen Perez-Jordan, DJ Carisma and Bryan Stevenson. The event will benefit the nonprofit organization The Gathering for Justice , which Belafonte started in 2005 after seeing a news report of a 5-year-old Black girl being handcuffed and arrested in her Florida classroom for “being unruly.” The organization’s mission is to build a movement to end child incarceration while working to eliminate the racial inequities that permeate the justice system. President and CEO Carmen Perez-Jordan has led the organization since 2010. Dannese Mapanda serves as the chief operating officer, while Jasmine Dellafosse is the senior regional organizer. Kristine Arroyo is the program administrator and office manager, and Luis Jonathan Hernandez is the national director of youth campaigns and leadership. The virtual event is sponsored in part by Frontline Solutions, the Hope and Robert F. Smith Family, and the National Basketball Player Association Foundation. Tickets are available here . Story continues Best of Variety Sidney Poitier: A Living Legend Who Changed Hollywood Oscars Predictions: Best Picture - Is 'Nomadland' Still the Academy Frontrunner or Is Netflix Closing In? Oscars Predictions: Best Original Screenplay - 'Judas' and 'Palm Springs' Get WGA Awards Boost Sign up for Variety’s Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram ....
- Reddit Posts (Sample): [['u/electic102', 'Any devs here?', 30, '2021-04-12 01:50', 'https://www.reddit.com/r/btc/comments/mp2eaa/any_devs_here/', 'Hi, I am a dev for Neptune Wallet. Is there a good place to get testnet tokens for Bitcoin Cash. Most of the testnet faucets give out very tiny amounts which makes it hard to test. Any advice is appreciated!', 'https://www.reddit.com/r/btc/comments/mp2eaa/any_devs_here/', 'mp2eaa', [['u/MemoryDealers', 14, '2021-04-12 03:48', 'https://www.reddit.com/r/btc/comments/mp2eaa/any_devs_here/gu7jwt1/', 'Post your testnet address here.', 'mp2eaa'], ['u/electic102', 12, '2021-04-12 03:53', 'https://www.reddit.com/r/btc/comments/mp2eaa/any_devs_here/gu7keqo/', 'Thank you! Here are our testnet address:\n\nbchtest:qrgjh2fl3dua5pqr5cfcp8s0fljshfl9cv2r97cfht\n\nThe team thanks you for anything you can spare! \n\n&#x200B;\n\nP.S. Hmm, are you the same Roger Ver that went to SCHS? If so, we went to the same school. Small world.', 'mp2eaa']]], ['u/South-Ad-8184', 'How to actually make money with Crypto (REAL MUST READ IF YOU’RE NEW)', 29, '2021-04-12 02:34', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mp34e0/how_to_actually_make_money_with_crypto_real_must/', 'The only time you make money or lose money in crypto is when you sell! That’s when your investment becomes real. \n\nSo keep that in mind if you keep buying at the top and selling lower than your entry point, holding when it’s lower (depending on the project) will serve you better than selling at a loss to either “buy back lower” or “fomo a different token”. Remember in both those scenarios there is no guarantee that if you buy it lower it will even come back up or if you leave to go to another token that it will continue to moon, only thing that is guaranteed is you selling at a loss.\n\nAnother thing to understand that most people just don’t seem to grasp; WHERE YOU ENTER IS EQUALLY AS IMPORTANT AS WHERE YOU LEAVE! \n\nIf you see Bitcoin break all time highs and hit 65k that is not the time to buy in, because you shouldn’t be thinking “if I buy in now maybe it can go up to 70k” \nYou should be thinking “what would someone who bought it at 50k-60k be thinking now? They’ll probably be taking profits, maybe once they do and it dips I’ll buy in”... Even if you’re right and it hits 70k people who bought in before you will be seeing a profit and will create a dip that would serve you better buying in at, than to buy at a peak that is about to be corrected..\n\nAnd if you’re new don’t touch leverage, even 2:1 leverage is bad cause if any token falls 50% that’s 100% of your account and if you’re retarded enough to trade on 100:1 leverage or higher that means market moves 1% against you that’s 100% of your account...', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mp34e0/how_to_actually_make_money_with_crypto_real_must/', 'mp34e0', [['u/variety1776', 10, '2021-04-12 02:44', 'https://www.reddit.com/r/SatoshiStreetBets/comments/mp34e0/how_to_actually_make_money_with_crypto_real_must/gu7ctiv/', 'Some decent advice here. I would add that there are a shit ton of scammers and scummy devs so either do massive research into a new coin or go in with a small percentage of your portfolio into any new thing. Ideally less than 1% if transaction fees permit', 'mp34e0']]], ['u/Vast_Cricket', 'Coinbase platform going ipo on 4/14/2021 Nasdaq', 44, '2021-04-12 02:44', 'https://www.reddit.com/r/StockMarket/comments/mp3a9d/coinbase_platform_going_ipo_on_4142021_nasdaq/', 'Coinbase Exchange going ipo on 4/14/2021 Nasdaq exchange \n\nApril 9, 2021 This story originally appeared on [MarketBeat](https://www.marketbeat.com/originals/coinbase-nasdaq-coin-ipo-3-things-for-investors-to-know/?utm_source=entrepreneurcom&amp;utm_medium=entrepreneurcom). Given the astounding growth of cryptocurrencies like Bitcoin over the past year, it’s no wonder that the upcoming Coinbase ([NASDAQ:COIN](https://www.marketbeat.com/stocks/NASDAQ/COIN/)) IPO is one of the most anticipated market events of 2021. As the largest U.S. cryptocurrency exchange, Coinbase generates massive revenue from transaction fees on its platform and has already given investors insight into its huge earnings potential. It might just be a company that lives up to the hype surrounding its market debut. \n\nWhile there is certainly an element of unpredictability with this business thanks to the volatility of cryptocurrency prices, that likely won’t deter investors from grabbing shares of the company when it goes public via a direct listing on **April 14th as COIN**. Coinbase is certainly an intriguing player in the burgeoning cryptocurrency industry, which is why we’ve put together a list of 3 things for investors to know about the company ahead of its big debut. \n\n\n[**The First U.S. Cryptocurrency Exchange to be Publicly Listed**](https://www.entrepreneur.com/article/369033) \n\n\nCryptocurrency has come a long way in a very short time. These digital assets are kept on a shared ledger known as a blockchain and have increased in popularity largely due to the meteoric rise in the price of [Bitcoin](https://www.marketbeat.com/originals/this-is-why-bitcoin-will-hit-59000-in-2021/). With more and more businesses and financial institutions getting on board the cryptocurrency train, it’s easy to see the potential in a company like Coinbase. It offers users a simple and safe way to buy, sell, and hold cryptocurrencies on its platform. Coinbase has also developed an advanced crypto trading platform called Coinbase Pro that cryptocurrency enthusiasts love. \n\n\nThe company generates revenue by charging transaction fees every time its users buy or sell a cryptocurrency on its platform. It also makes money from things like margin fees, custodial services, and a rewards credit card program. ***The company’s platform enables approximately 43 million retail users, 7,000 institutions, and 115,000 ecosystem partners to participate in the crypto economy.*** Since ***this is the first major U.S. cryptocurrency exchange to be publicly listed, i***t could be a major step towards the widespread adoption of digital currency and will go a long way towards legitimizing the industry. This is one of the big reasons why the company’s debut is attracting so much attention.\n\n**Eye-Catching Earnings**\n\nMost high-growth companies that make their market debuts are a long way from reaching profitability. This is another big reason why Coinbase stands out. The company has already delivered some eye-catching earnings that could send the stock price soaring on April 14th. Coinbase had a very strong 2020, during which it generated $1.1 billion in revenue and $322 million in net income. Those were solid numbers for a company that has only been around since 2012, but what’s even more impressive is that the company has already eclipsed those figures in the first quarter of 2021.\n\nCoinbase recently provided investors with its estimated Q1 earnings numbers that likely boosted the company’s valuation by billions. ***The company reported $1.8 billion in Q1 revenue, which topped its revenue for the entirety of 2020. Coinbase also saw $355 billion in trading volume in Q1, which surpassed the entire trading volume of last year. Total assets on Coinbase’s platform increased from $90 billion to $223 billion, which represents 11.3% of the crypto-asset market share. It’s also worth noting that the $223 billion in assets includes $122 billion from institutions, confirming that Coinbase is becoming a trusted name among sophisticated investors.***', 'https://www.reddit.com/r/StockMarket/comments/mp3a9d/coinbase_platform_going_ipo_on_4142021_nasdaq/', 'mp3a9d', [['u/momanddadmademe', 12, '2021-04-12 02:55', 'https://www.reddit.com/r/StockMarket/comments/mp3a9d/coinbase_platform_going_ipo_on_4142021_nasdaq/gu7e4ow/', 'I’m going to buy $20,000 worth', 'mp3a9d'], ['u/Chuddah67', 10, '2021-04-12 06:57', 'https://www.reddit.com/r/StockMarket/comments/mp3a9d/coinbase_platform_going_ipo_on_4142021_nasdaq/gu829av/', 'This will easily double within a week to 200 billion valuation. This is a first true crypto play that doesn’t involve mining.', 'mp3a9d'], ['u/jerrvizu', 10, '2021-04-12 07:01', 'https://www.reddit.com/r/StockMarket/comments/mp3a9d/coinbase_platform_going_ipo_on_4142021_nasdaq/gu82ls1/', 'see you at -$10,000 later this week my good sir', 'mp3a9d'], ['u/Amazing_Succotash677', 18, '2021-04-12 07:43', 'https://www.reddit.com/r/StockMarket/comments/mp3a9d/coinbase_platform_going_ipo_on_4142021_nasdaq/gu85own/', 'Not an IPO. Direct listing', 'mp3a9d']]], ['u/Silversurfer1996', 'Currency Wars at Work', 53, '2021-04-12 02:46', 'https://www.reddit.com/r/Wallstreetsilver/comments/mp3b85/currency_wars_at_work/', 'My coworkers and I sit in the lounge area after clocking in before our shift starts. I asked a coworker who got burned in this recent downturn in the stock market (boomer) if he invested in anything lately. He replied that he\'s tapped out but pointed to David (millennial) and said, "listen to him with his bitcoin or how ever you call it." So I asked boomer if he was investing and he said hell no that is just a speculative mania. David decided to jump in saying, "oh well its at $60,000". This sparked and crazy debate after I threw in gold and silver. Soviet Sally an immigrant from Russia added that silver is going to shoot up because of its industrial demand along with green technology. These conversations are happening organically. I think inflation is on people\'s minds... anyone else have a convo in the wild?', 'https://www.reddit.com/r/Wallstreetsilver/comments/mp3b85/currency_wars_at_work/', 'mp3b85', [['u/Ok_Calligrapher_6889', 14, '2021-04-12 02:55', 'https://www.reddit.com/r/Wallstreetsilver/comments/mp3b85/currency_wars_at_work/gu7e2tr/', 'Cant stop a tsunami', 'mp3b85'], ['u/jpstacker', 10, '2021-04-12 03:09', 'https://www.reddit.com/r/Wallstreetsilver/comments/mp3b85/currency_wars_at_work/gu7fl0u/', 'It’s great until the power g...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Thorchain, a standalone blockchain for decentralized crypto trading, is set to go live Tuesday, potentially lubricating the gears of a global $2 trillion market six months into a bull run. Three years in the making (a lifetime in crypto), Thorchain works a lot like other automated market makers (AMMs) such as Bancor and Uniswap , but with an important difference: it enables trades of real cryptocurrencies from completely different blockchains \x96 not \x93wrapped\x94 or synthetic versions. With each new blockchain that can trade over Thorchain, the so-called \x93chaosnet\x94 expands. \x93April 13 is delivering on the initial promises of the white paper: Delivering on a multichain chaosnet,\x94 Chad Barraford, the technical lead at Thorchain told CoinDesk in a phone call. \x93You\x92ll be able to swap freely from one chain to another, one asset to another.\x94 Related: DeFi Is Transparent, Unless You Look Closely If it works as intended, users will be able to make such swaps with real currencies (not an ersatz version like wrapped BTC on the Ethereum network) and without having to trust an intermediary. AMMs have been the leading kind of decentralized exchange (DEX) that are key to the decentralized finance (DeFi) boom on Ethereum, the second-largest blockchain. Bringing trustless trading to many of the biggest chains while skipping the friction of making a copy of a coin on one chain seems likely to drive a lot of activity. Plus, centralized exchanges that hold your assets have a bad habit of losing them. The Thorchain launch is also a reminder of the long-term competitive threat DEXs pose to centralized venues like Coinbase ahead of that company\x92s hotly-anticipated stock listing. Thorchain will start by allowing trades of bitcoin (BTC), ether (ETH), litecoin (LTC), bitcoin cash (BCH) and Binance Chain\x92s BNB. More will come shortly. For example, Barraford said the code for dogecoin (DOGE) is basically ready. Story continues Related: The NFT Craze Is Helping Nigerian Artists Go Global For details about which cryptocurrencies have been scoped out for addition, interested readers can look at Thorchain\x92s regular technical updates on Medium . Thorchain is based on Tendermint, the consensus protocol associated with the Cosmos ecosystem. Swapping Thorchain uses a mechanic that\x92s very similar to that pioneered by Bancor . Sticking with the mythological motif, the native token of Thorchain is known RUNE. Every token in Thorchain is matched with an equal amount in value of its RUNE token. When a user initiates a trade between, say, BCH and LTC, under the hood it becomes two trades. First, the user trades BCH for RUNE and then the RUNE gets traded for LTC. Provided it\x92s all done quickly, this should work out to basically the same thing as swapping directly between BCH and LTC. Bancor does this with its BNT token. Uniswap, in its first version, paired every ERC-20 token it listed with ETH, though in version 2.0 , Uniswap became a lot more flexible, enabling pairs of any two tokens. Unlike Bancor or Uniswap, however, Thorchain is capable of trading the real assets of multiple unconnected blockchains, not representations of them. \x93If you want to swap layer-1 real bitcoin with layer-1 real ETH, you can do it,\x94 Baraford said. The team is developing an Asgard X wallet that will be built to interact directly with Thorchain and all its included blockchains, so it can store the coins from those networks. Cosmos has already launched inter-blockchain communication (or IBC) and Thorchain will integrate with that soon, which will enable it to add many more blockchains. In its most recent developer update , the team reported that \x93a development partner has been found and will begin building IBC bridges\x94 While Thorchain\x92s functionality is not live, its token is available and traded. As of this writing, it\x92s trading at around $11.20, up almost 90% in the last 30 days, according to CoinGecko . History lesson Thorchain has been around a long time. The first version was started and largely abandoned in 2018, according to Barraford. Since then, a cryptographic innovation known as threshold signatures have been invented and the Cosmos ecosystem has developed much more fully. In 2019 the fundamental idea of trustless exchange between blockchains was revised and redeveloped to incorporate these advances in the technology. \x93In a threshold, you have multiple people coming together to make a single signature without anyone having access to the private key,\x94 Baraford explained. The team that came together around building Thorchain decided to stay largely anonymous and to avoid attention as much as possible. The core team has a stated goal of disbanding in summer of 2022 and turning everything over to RUNE holders. Getting involved Like on any AMM, the project needs liquidity providers to get involved in order to work as effectively as possible. If there are few parties willing to buy or sell an asset, the final price of a trade can vary widely from the participants\x92 expectations. The deeper each pool is, the less such slippage there will be any trade. Users can post an equal amount of any token it covers and RUNE to the system and start earning trading fees. \x93You can provide bitcoin into the network and that bitcoin can earn a bitcoin yield,\x94 Baraford said. Thorchain also addresses an issue for those who supply liquidity to networks, known as impermanent loss. That is, if the value of one token in a pool goes down relative to the other, the value of their deposit can shrink in fiat terms even though their total deposit in the underlying tokens is increasing. \x93One of the important things about this network is it has impermanent loss protection,\x94 Barraford said. As long as you stay in 100 days. That said, Barraford noted that there\x92s seldom impermanent loss when liquidity providers stay in that long. However, Thorchain effectively takes a snapshot of the value of any liquidity deposit. If the user\x92s fiat value has fallen below where it was when they deposited due to rebalancing, Thorchain will make up for it out of RUNE reserves. Liquidity providers will also earn new RUNE emissions on their deposit. \x93The amount of RUNE that goes into each pool is dependent on how much revenue has come from that pool in that block,\x94 Barraford said. The freshest RUNE goes to the most active pools. Very nearly all of the RUNE reserves will be distributed in the first two years of operation. Multicoin Capital released a report on Thorchain in February , noting that the Austin-based investment firm has a major position in its RUNE token. The co-authors wrote: \x93Most investors have exposure to the blockchains they think will win; however, few actually have exposure to the growing heterogeneity of the overall ecosystem. \x85 [W]e believe THORChain\x92s RUNE token is the best way to invest in this thesis.\x94 Related Stories Thorchain Is Ready to Grease the Wheels of Crypto-to-Crypto Trading Thorchain Is Ready to Grease the Wheels of Crypto-to-Crypto Trading', 'Thorchain, a standalone blockchain for decentralized crypto trading, is set to go live Tuesday, potentially lubricating the gears of a global $2 trillion market six months into a bull run.\nThree years in the making (a lifetime in crypto),Thorchainworks a lot like other automated market makers (AMMs) such asBancor and Uniswap, but with an important difference: it enables trades of real cryptocurrencies from completely different blockchains – not “wrapped” or synthetic versions. With each new blockchain that can trade over Thorchain, the so-called “chaosnet” expands.\n“April 13 is delivering on the initial promises of the white paper: Delivering on a multichain chaosnet,” Chad Barraford, the technical lead at Thorchain told CoinDesk in a phone call. “You’ll be able to swap freely from one chain to another, one asset to another.”\nRelated:DeFi Is Transparent, Unless You Look Closely\nIf it works as intended, users will be able to make such swaps with real currencies (not an ersatz version likewrapped BTCon the Ethereum network) and without having to trust an intermediary. AMMs have been the leading kind ofdecentralized exchange(DEX) that are key to thedecentralized finance (DeFi) boomon Ethereum, the second-largest blockchain.\nBringing trustless trading to many of the biggest chains while skipping the friction of making a copy of a coin on one chain seems likely to drive a lot of activity. Plus, centralized exchanges that hold your assets have a bad habit of losing them.\nThe Thorchain launch is also a reminder of the long-termcompetitive threatDEXs pose to centralized venues like Coinbase ahead of that company’s hotly-anticipated stock listing.\nThorchain will start by allowing trades of bitcoin (BTC), ether (ETH), litecoin (LTC), bitcoin cash (BCH) and Binance Chain’s BNB. More will come shortly. For example, Barraford said the code for dogecoin (DOGE) is basically ready.\nRelated:The NFT Craze Is Helping Nigerian Artists Go Global\nFor details about which cryptocurrencies have been scoped out for addition, interested readers can look at Thorchain’s regular technical updateson Medium.\nThorchain is based on Tendermint, the consensus protocol associated with the Cosmos ecosystem.\nThorchain uses a mechanic that’s very similar to thatpioneered by Bancor. Sticking with the mythological motif, the native token of Thorchain is known RUNE. Every token in Thorchain is matched with an equal amount in value of its RUNE token.\nWhen a user initiates a trade between, say, BCH and LTC, under the hood it becomes two trades. First, the user trades BCH for RUNE and then the RUNE gets traded for LTC. Provided it’s all done quickly, this should work out to basically the same thing as swapping directly between BCH and LTC.\nBancor does this with its BNT token. Uniswap, in its first version, paired every ERC-20 token it listed with ETH, thoughin version 2.0, Unisw
**Last 60 Days of Bitcoin's Closing Prices:**
[47504.85, 47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-13
**Financial & Commodity Data:**
- Gold Closing Price: $1746.20
- Crude Oil Closing Price: $60.18
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,129,413,736,828
- Hash Rate: 163323907.73906472
- Transaction Count: 310213.0
- Unique Addresses: 839652.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: We've made substantial gains in Bitcoin. I also believe that the blockchain technology that is associated with Bitcoin and other cryptocurrencies has a bright future, asserts Mark Skousen in TNT Trader , his risk-oriented service for experienced market traders. Instead of investing directly in digital currencies, I’d like to recommend investing in actively managed exchange-traded funds (ETF) that engage in the development and utilization of blockchain technology. Blockchain technology is not the same as digital currency, but offers an exciting new way to store data from sales and the purchases of cryptocurrencies, stocks, real estate and other assets. More from Tony Sagami: Cyber Spending Secures Profits at Booz Allen Hamilton Amplify Transformational Data Sharing ETF ( BLOK ) is an exchange-traded fund that does just that. The fund is made up of 55 holdings, mostly operating within the software & services, diversified financials and media & entertainment industries. The expense ratio is only 0.7%. Assets under management are $536 million. It got started three years ago in January 2018. The top three holdings are MicroStrategy Inc. ( MSTR ), a provider of enterprise software platforms; Marathon Patent Group Inc. ( MARA ), a digital asset technology company; and Silvergate Capital Corp. ( SI ), a bank holding company whose subsidiary, Silvergate Bank, provides financial infrastructure solutions to participants in the digital currency industry. It also has a strong position in Square ( SQ ) and PayPal ( PYPL ), both of which now accept Bitcoin as payment. See also: NextEra: A Safe Utility with a Clean Energy Twist MicroStrategy CEO Michael Saylor recently told CNBC that he sees Bitcoin’s market value reaching $100 trillion one day. This is a bold call that predicts a 100x increase. Let’s add Amplify Transformational Data Sharing ETF to our portfolio and set a protective stop of $44 a share. More From MoneyShow.com: Best Gold Buy? Bet on Barrick Boston Omaha: A Berkshire-like Buy Earnings, Inflation & Interest Rates "Early Opportunities" in Genomic Sequencing...
- Reddit Posts (Sample): [['u/Covfefetry', 'Explain to me $30, $50, $100 XRP', 34, '2021-04-13 00:14', 'https://www.reddit.com/r/Ripple/comments/mpori6/explain_to_me_30_50_100_xrp/', "So I've been invest in XRP since Feb. I bought in several times, but averaged about .49 a coin. I've been studying xrp and while I agree with the more conservative estimates of around $5-10 I find higher targets to basically be a dream for one simple fact. Supply and market cap. To reach $30 XRP for example we need about $1 trillion invested into the currency. More specifically it would require slightly more investment than bitcoin has right now. $30 isn't out of question, but I would say that is a long term target maybe 3-5 years. For those saying $100 and $1000 I think have drank the cool aid and forgotten the basics. The NYSE total market cap is about $50 trillion and barely a handful have over $1 trillion market cap. \n\n\nExplain to me why I'm wrong.", 'https://www.reddit.com/r/Ripple/comments/mpori6/explain_to_me_30_50_100_xrp/', 'mpori6', [['u/SquidNipples8', 126, '2021-04-13 00:39', 'https://www.reddit.com/r/Ripple/comments/mpori6/explain_to_me_30_50_100_xrp/gub3iri/', 'A particular stocks market cap behaves very differently than a coins market cap. With stocks, the amount of shares is an accurate figure and determines the distribution of who owns the company. So for stocks Market Cap is a good metric to look at. However, in cryptocurrencies we can’t look at market cap to make accurate judgements because it’s just the current price of the coin times the amount in circulation. The current price is based off what people are willing to pay for it, and the circulation part is also critically misunderstand. If their are 10 million in circulation, but huge investors buy 2 million and just hold onto them, and the owners of the company keep 2 million for themselves (not in escrow) then their are really only 6 million circulating and available. Theirs no way to tell how many are in dormant wallets or lost. \n\nHere’s what really gets me, people make fun of the XRP community for thinking it could hit $10k per coin and say that it’s impossible because of market cap. Let me break it down. Theirs a new coin that has 300 coins in circulation. Let’s say that you bought 100 coins for $25, then 100 for $30, then 100 for $50 which is the current price. Wait a second... $50 price x 300 is $15000 market cap. But theirs only $10,500 in cash invested... That’s because the price is driven up by what people are willing to pay, so you could have a coin with a trillion dollar market cap and it only has $1 bil in fiat “invested”. Market cap isn’t limited by the amount of fiat money available. The money isn’t actually “invested” in the sense that it’s just apart of the market cap until it gets taken out. The money used to purchase the coin is now in another persons account. That person could choose to buy back more of the coin at a higher price with the same money! The money isn’t locked away in the market cap pool like you think.\n\n\nEdit: just copy and pasted this, had to take the time to write out an explanation cause everyone always asks this and doesn’t understand', 'mpori6'], ['u/chadillac_crypto', 13, '2021-04-13 00:42', 'https://www.reddit.com/r/Ripple/comments/mpori6/explain_to_me_30_50_100_xrp/gub3usq/', 'Steve Wynn one of the most successful businessman and former MIT black jack gamblers spoke to FORBES about XRP and he thinks it’s gonna be $10,000. I wonder what he knows? 🥳🙌🏽', 'mpori6'], ['u/BlackjointnerD', 41, '2021-04-13 01:25', 'https://www.reddit.com/r/Ripple/comments/mpori6/explain_to_me_30_50_100_xrp/gub8tyy/', 'This really should posted at the top of every single crypto sub cause Im so tired of seeing the market cap discussion', 'mpori6'], ['u/Snuffy1717', 19, '2021-04-13 12:27', 'https://www.reddit.com/r/Ripple/comments/mpori6/explain_to_me_30_50_100_xrp/guctlt6/', "You don't need a trillion to be invested for the price to rise, you just need demand to outpace supply... Additionally, XRP can't be mass liquidated at any price point as the price would tank. \n \nXRP is looking to replace SWIFT, which moves 1.25 quadrillion dollars per year... A quardrillion is 1000 trillion... Think about how much XRP could be worth if they took even 25% of that business away.", 'mpori6']]], ['u/ale5ole', 'Atomic Swaps VS Dirty Bitcoins', 15, '2021-04-13 00:49', 'https://www.reddit.com/r/Monero/comments/mppem4/atomic_swaps_vs_dirty_bitcoins/', 'I am wondering how Atomic Swaps on Monero are going to work by having in mind dirty bitcoins... I mean who is going to swap Bitcoin through Atomic swaps and give Monero at any price by having in his mind that there is a probability that this bitcoins are dirty and he cannot use it everywhere...', 'https://www.reddit.com/r/Monero/comments/mppem4/atomic_swaps_vs_dirty_bitcoins/', 'mppem4', [['u/one-horse-wagon', 23, '2021-04-13 02:06', 'https://www.reddit.com/r/Monero/comments/mppem4/atomic_swaps_vs_dirty_bitcoins/gubdh2s/', 'I cannot understand why someone would want to swap a clean fungible coin like Monero for a traceable and probably dirty coin like bitcoin.', 'mppem4'], ['u/GelComb', 12, '2021-04-13 04:56', 'https://www.reddit.com/r/Monero/comments/mppem4/atomic_swaps_vs_dirty_bitcoins/gubwr24/', 'Extremely technically skilled users might be willing to swap their Monero for tainted BTC for a premium, if they believe they can "break the chain" of analysis through a series of CoinJoins and other mixing/obfuscating operations. Of course, the cost of these operations would be included in the premium.\n\nAfter sufficiently "cleaning" the Bitcoin, if their risk pays off, they can then re-swap it back into XMR (or fiat) for full price and pocket the difference.', 'mppem4']]], ['u/_mok', "This week's rate cuts makes me question my trust in Celsius ethics", 73, '2021-04-13 00:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/mpplaz/this_weeks_rate_cuts_makes_me_question_my_trust/', 'Like the other top post right now, this one is intended to be constructive, not attacking. I am making my own only because that one seemed to focus more on missing deadlines (which is IMO less of a problem), not going against their word/values (which is IMO far greater a problem).\n\nPersonally, I find Alex\'s spats with competitors kind of annoying and unprofessional, but I get it, he is a competitive guy and Celsius *was* first and *is* better, so I can see how he might feel compelled to talk smack.\n\nHowever, after changing their *entire website* last week to dunk on Blockfi cutting their rates, and going on and on in last week\'s AMA about how Blockfi doesn\'t care about their community, can\'t keep their rates, etc.\n\nNot even a week later Celsius goes and does the exact same thing, but does so *silently* without *any* announcement to their users (AMA does NOT count. not even 1% of Celsians watch it).\n\nI don\'t care that they reduced rates (it\'s still higher than anywhere else). I care that they put in all this work to dunk on competitors and talk about how Celsius\'s rates are proof they are more sustainable and a better business, and then go on and do the same thing. They went against their own arguments.\n\nIf Celsius knew last week they were reducing their rates this week, and simply wanted to steal market share from BlockFi by any means necessary, they are seriously going to erode trust in their community by going completely against their values (How is such behavior "in the best interest of the community"?).\n\nIf Celsius didn\'t know, why didn\'t they know? I can understand that perhaps they underestimated how much new money would come in, but they at least owe some kind of apology, explanation, or admission of error if they want to maintain our trust.\n\nI can understand why Celsius might think the weekly rate update email (though it doesn\'t show that 6.2% BTC was cut from 2 to 1) or AMA or the fact that it\'s still higher than Blockfi would have been good enough. But it isn\'t. At least not for me.\n\nIf they kept their new website and just updated it to show the new rates, still higher than Blockfi, that might have been okay. \n\nBut I just don\'t see how this complete 180 without any explanation for 99% of users can be interpreted in any ways other than:\n\nA. Two faced/unethical\n\nB. A big oopsie on the part of the leadership team that deserves a sincere and public admission of error (or at least an explanation for why this isn’t a 180). \n\nMost everyone here is personally invested in Celsius and we want Celsius to succeed (I bought into their pre ICO @ $0.15, still own most of my coins, making up 25% of my total portfolio, worth more than a house), but after today I am seriously questioning whether Celsius\'s stated goals are all just marketing BS rather than something they actually believe. I don\'t think this is true, and I hope it\'s not, but I am now questioning it. And I need Celsius to prove that they still mean what they say if I am going to stay committed to them over the long term.\n\nIf you believe in Celsius—especially if you hold Cel token, and want this platform to grow and overtake the traditional finance sector/accomplish all the amazing goals we know it can—it is imperative that we hold Celsius accountable to their values/stated goals and get some kind of better response/explanation/behavior from them regarding this rate change/future rate changes.\n\nThat\'s all. Thanks for reading.\n\nedit: spelling/wording', 'https://www.reddit.com/r/CelsiusNetwork/comments/mpplaz/this_weeks_rate_cuts_makes_me_question_my_trust/', 'mpplaz', [['u/retirementdreams', 18, '2021-04-13 01:33', 'https://www.reddit.com/r/CelsiusNetwork/comments/mpplaz/this_weeks_rate_cuts_makes_me_question_my_trust/gub9nor/', 'I\'ve been on BlockFi a while, sipping Celsius kool-aid on the side, eyeing those 6.20 rates on 2 BTC. BlockFi dropped rates, Celsius dunked on them, re-enforcing their position, then introduced the UN\\_BLOCK promotion...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Karen Brettell\nNEW YORK (Reuters) - The dollar dipped to three-week lows on Wednesday as Treasury yields held below recent highs, reducing the relative attractiveness of the U.S. currency.\nThe dollar has gained this year as Treasury yields rose on expectations of faster growth and higher inflation. That trade has paused this month, however, with yields stabilizing below one-year highs reached last month.\n“The whole pro dollar trade is based upon the yield story and given the fact that the yield story has backed off the highs, the dollar has pretty much done the same thing,” said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.\n“Until the bond market gets the heebie-jeebies over the inflation fears again, I think the long dollar position remains under assault,” he said.\nTreasury yields edged higher on Wednesday but remained lower on the week. [US/]\nThe dollar index fell to as low as 91.57, the lowest since March 18, and was last at 91.68, down 0.11% on the day.\nThe euro gained 0.21% to $1.1971. The greenback fell 0.13% to 108.92 Japanese yen.\n"The relative stability of yields this week has seen profit taking weigh down the Greenback," Ronald Simpson, Managing Director, Global Currency Analysis for Action Economics said in a report.\nData on Tuesday showed that U.S. consumer prices rose by the most in more than 8-1/2 years in March, but it wasn’t enough to change expectations that the Federal Reserve will hold rates near zero for years to come.\nFed Chair Jerome Powell said Wednesday that the U.S. central bank will reduce its monthly bond purchases before it commits to an interest rate increase, clarifying the order of monetary policy changes that are still months if not years in the future.\nDallas Fed President Robert Kaplan also said that it will be "a while" before the United States reaches full employment, even as he repeated his view that the Fed should begin to withdraw support from the economy sooner than most of his colleagues do.\nThe U.S. economic recovery accelerated to a moderate pace from late February to early April, the Federal Reserve reported on Wednesday in its latest "Beige Book."\nThe next major U.S. economic release will be retail sales for March on Thursday.\nThe New Zealand dollar rose to a three-week high of $0.71220 after the country\'s central bank held its official interest rate and asset purchase program steady, as expected.\nSterling hit a one-week high, supported by the speed of Britain\'s vaccine rollout and recovering from a dip the previous day that was triggered by the resignation of the Bank of England\'s chief economist.\nIn cryptocurrencies, bitcoin fell from record highs as cryptocurrency exchange Coinbase Global Inc was valued at almost $100 billion in a Nasdaq debut.\nBitcoin was last down 1.77% on the day at $62,423, after earlier reaching a record $64,895.\n(Additional reporting by Saikat Chatterjee in London; Editing by Kirsten Donovan and Nick Zieminski)', 'By Karen Brettell NEW YORK (Reuters) - The dollar dipped to three-week lows on Wednesday as Treasury yields held below recent highs, reducing the relative attractiveness of the U.S. currency. The dollar has gained this year as Treasury yields rose on expectations of faster growth and higher inflation. That trade has paused this month, however, with yields stabilizing below one-year highs reached last month. “The whole pro dollar trade is based upon the yield story and given the fact that the yield story has backed off the highs, the dollar has pretty much done the same thing,” said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. “Until the bond market gets the heebie-jeebies over the inflation fears again, I think the long dollar position remains under assault,” he said. Treasury yields edged higher on Wednesday but remained lower on the week. [US/] The dollar index fell to as low as 91.57, the lowest since March 18, and was last at 91.68, down 0.11% on the day. The euro gained 0.21% to $1.1971. The greenback fell 0.13% to 108.92 Japanese yen. "The relative stability of yields this week has seen profit taking weigh down the Greenback," Ronald Simpson, Managing Director, Global Currency Analysis for Action Economics said in a report. Data on Tuesday showed that U.S. consumer prices rose by the most in more than 8-1/2 years in March, but it wasn’t enough to change expectations that the Federal Reserve will hold rates near zero for years to come. Fed Chair Jerome Powell said Wednesday that the U.S. central bank will reduce its monthly bond purchases before it commits to an interest rate increase, clarifying the order of monetary policy changes that are still months if not years in the future. Dallas Fed President Robert Kaplan also said that it will be "a while" before the United States reaches full employment, even as he repeated his view that the Fed should begin to withdraw support from the economy sooner than most of his colleagues do. Story continues The U.S. economic recovery accelerated to a moderate pace from late February to early April, the Federal Reserve reported on Wednesday in its latest "Beige Book." The next major U.S. economic release will be retail sales for March on Thursday. The New Zealand dollar rose to a three-week high of $0.71220 after the country\'s central bank held its official interest rate and asset purchase program steady, as expected. Sterling hit a one-week high, supported by the speed of Britain\'s vaccine rollout and recovering from a dip the previous day that was triggered by the resignation of the Bank of England\'s chief economist. In cryptocurrencies, bitcoin fell from record highs as cryptocurrency exchange Coinbase Global Inc was valued at almost $100 billion in a Nasdaq debut. Bitcoin was last down 1.77% on the day at $62,423, after earlier reaching a record $64,895. (Additional reporting by Saikat Chatterjee in London; Editing by Kirsten Donovan and Nick Zieminski)', '* Chinese stocks lead gains in Asian equities\n* Bond yield retreat boosts tech shares\n* Bitcoin hits record high, dollar weakens\nBy Kevin Buckland and Herbert Lash\nTOKYO, April 14 (Reuters) - Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly.\nMost Asia-Pacific share indexes followed Wall Street higher, with Hong Kong\'s Hang Seng leading gains in the region, while benchmark U.S. Treasury yields continued their decline, marking a fresh three-week low.\nJapan bucked the trend, with the Nikkei falling 0.4% as rising coronavirus cases raised doubts about an economic reopening with 100 days to go until Tokyo is scheduled to host the Olympics.\nThe U.S. consumer price index rose 0.6%, the biggest increase since August 2012, as rising vaccinations and fiscal stimulus unleashed pent-up demand. But the data is unlikely to change Federal Reserve Chair Jerome Powell\'s view that higher inflation in coming months will be transitory.\nPowell is scheduled to speak later in the day at the Economic Club of Washington.\n"The market clearly braced for higher CPI readings," Westpac strategists wrote in a client note.\nThey said Tuesday\'s result was "clearly being interpreted within the context of the Fed\'s commitment to look through \'transitory\' inflation impulses."\nFor bond markets, the question is whether the benchmark yield can break below 1.6% from as low as 1.611% on Wednesday, they wrote.\n"That has been an important technical level, which if broken could see a quick move to 1.5%."\nThe 10-year U.S. Treasury yield had surged from the start of the year to a 14-month high of 1.776% on March 30 on bets that massive fiscal stimulus would speed up a U.S. recovery, stoking faster inflation than Fed policymakers anticipate.\nBut yields have eased this month, in part owing to the Fed\'s insistence that labour market slack will prevent the economy from overheating.\nA spate of strong auction results, including of 30-year bonds on Tuesday, has also helped to tame yields.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan gained 0.6%. Hong Kong\'s Hang Seng rallied 1.3%, while China\'s blue-chip index jumped 0.7%.\nMSCI\'s gauge of equity performance in 50 countries advanced 0.15%, extending its all-time peak.\nThe decline in bond yields lifted U.S. tech stocks overnight, including Apple Inc, Microsoft Corp and Amazon.com Inc, the top three holdings of the global benchmark.\nThe S&P 500 gained 0.33% as it also set intra-day and record closing highs, while the Nasdaq Composite added 1.05%. The Dow Jones Industrial Average fell 0.2%.\nJohnson & Johnson\'s shares slid 1.34% after U.S. federal health agencies recommended pausing the rollout of its COVID-19 vaccine for at least a few days, after six women developed rare blood clots. Setbacks to vaccination rollouts have raised concerns about the global economic recovery.\nEarnings will be a focus on Wednesday, with JPMorgan Chase & Co. and Goldman Sachs Group Inc among the companies reporting.\nThe U.S. dollar eased along with Treasury yields, slipping to a three-week low to major peers.\nGold, a traditional inflation hedge, extended its rise from the lowest in more than a week to trade around $1,745 in the spot market.\nBitcoin hit a record above $63,860, extending its 2021 rally to new heights on the day Coinbase shares are due to list in the United States.\nIn oil markets, Brent crude futures rose 40 cents to $64.07 a barrel. U.S. crude futures added 37 cents to$60.55 a barrel.\n(Editing by Ana Nicolaci da Costa)', '* Chinese stocks lead gains in Asian equities * Bond yield retreat boosts tech shares * Bitcoin hits record high, dollar weakens By Kevin Buckland and Herbert Lash TOKYO, April 14 (Reuters) - Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly. Most Asia-Pacific share indexes followed Wall St
**Last 60 Days of Bitcoin's Closing Prices:**
[47105.52, 48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-14
**Financial & Commodity Data:**
- Gold Closing Price: $1734.90
- Crude Oil Closing Price: $63.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,164,396,161,250
- Hash Rate: 155272729.1885475
- Transaction Count: 297494.0
- Unique Addresses: 854552.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.75
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bank of America Corp (NYSE: BAC ) faced some backlash from the crypto community earlier today, after its criticism of Bitcoin from its latest research note made headlines. What Happened: The bank’s research note titled “Bitcoin’s Dirty Little Secrets” stated that there is “no good reason to own Bitcoin unless you see prices going up”. According to the bank, Bitcoin’s volatility makes it impractical as a store of value or a payments mechanism. Why It Matters: The research note was not well received by the crypto community who took to Twitter to share their thoughts about it. Samson Mow, CSO of blockchain technology company Blockstream, shared a graph of Bank of America’s stock price over the years and said, “If your stonk chart looks like this, you don’t get to call Bitcoin volatile.” If your stonk chart looks like this, you don't get to call #Bitcoin volatile. @BankofAmerica pic.twitter.com/nVpqlFhejY — Samson Mow (@Excellion) March 19, 2021 The research note also claimed that central bank digital currencies (CBDCs) would be “kryptonite for cryptocurrency”, which most users described as the “worst take” on cryptocurrency they have heard. Popular Bitcoin proponent Anthony Pompliano stated on Twitter that the Bank of America has a higher chance of failing than Bitcoin, and was quickly backed by most of his 650k followers on the platform. CZ, CEO of the largest cryptocurrency exchange by volume Binance, suggested that it wouldn’t be just Bank of America, but rather, all banks that would fail before Bitcoin did. Bank of America has a higher chance of failing than Bitcoin. — Pomp (@APompliano) March 17, 2021 The bank’s criticism, however, was appreciated by known Bitcoin critic Peter Schiff – According to him, the research report “concluded the obvious” and he went on to reiterate his belief that Bitcoin is the ultimate bubble. Bank of America’s stance on Bitcoin comes at a time where large institutions and public companies are buying and holding the digital asset on their balance sheets. Earlier this week, Morgan Stanley (NYSE: MS ) said it would offer Bitcoin to its wealthy clients. At the time of writing, Bitcoin was trading at $58,500, up 5% in the past 24-hours. With over $1 trillion in market cap, Bitcoin is larger than JPMorgan Chase & Co. (NYSE: JPM ), Citigroup Inc (NYSE: C ) ,and Bank of America combined. Story continues See more from Benzinga Click here for options trades from Benzinga Ethereum Could Overtake Bitcoin, Messari Analyst Says Bitcoin Mining Revenue On The Rise: Miners Record M In A Single Day © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Karen Brettell NEW YORK (Reuters) - The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in 10 months in March against a continued drop in U.S. Treasury yields. Retail sales increased 9.8% last month, the Commerce Department said on Thursday, beating economists\' expectations for a 5.9% increase. A separate report also showed first-time claims for unemployment benefits tumbled last week to the lowest level since March 2020, when mandatory closures of nonessential businesses were enforced to slow the spread of the first COVID-19 wave. “This was a one-two punch of really positive data,” said Edward Moya, senior market analyst at OANDA in New York. Dollar strength was capped, however, as Treasury yields dropped to one-month lows, reducing the relative attractiveness of the U.S. currency. [US/] The dollar index earlier on Thursday hit a one-month low of 91.487, before rebounding to 91.608, unchanged on the day. The euro fell 0.04% to $1.1975. It reached a six-week high of $1.1994 earlier on Thursday. The greenback fell 0.23% to 108.65 Japanese yen. The dollar has been on the back foot this month as Treasury yields stabilize below one-year highs reached last month. Yields have fallen as the U.S. Federal Reserve reiterates its commitment to holding rates near zero for years to come, and on some concerns that a recent uptick in inflation will be temporary. San Francisco Fed President Mary Daly on Thursday said the U.S. economy is still far from making "substantial progress" toward the central bank\'s goals of 2% inflation and full employment, the bar the Fed has set for beginning to consider reducing its support for the economy. Strong risk appetite as stocks hit record highs is also seen as denting the appeal of the greenback. [.N] The Australian dollar, a proxy for global risk sentiment, rose 0.42% on Thursday to $0.7755. Rising geopolitical tensions may be helping demand for safe-haven U.S. bonds on Thursday. Story continues “We’re seeing more risks across emerging markets right now, and that’s probably going to keep some Treasury demand going,” said Moya. The Russian rouble tumbled on Thursday, at one point losing 2% to the dollar in volatile trade and hitting a more than five-month low versus the euro as the White House announced new sanctions targeting Russia\'s sovereign debt. U.S. President Joe Biden on Thursday authorized the move to punish Moscow for interfering in the 2020 U.S. election - allegations Russia denies. Biden will deliver remarks on Russia at 4:30 p.m./2030 GMT on Thursday. Bitcoin stood near a record high of $64,895 reached on Wednesday, when cryptocurrency platform Coinbase made its debut in Nasdaq in a direct listing. It was last down 0.12% on the day at $62,910. (Reporting by Karen Brettell; additional reporting by Ritvik Carvalho in London; editing by Jonathan Oatis and Chizu Nomiyama)', 'By Karen Brettell\nNEW YORK (Reuters) - The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in 10 months in March against a continued drop in U.S. Treasury yields.\nRetail sales increased 9.8% last month, the Commerce Department said on Thursday, beating economists\' expectations for a 5.9% increase.\nA separate report also showed first-time claims for unemployment benefits tumbled last week to the lowest level since March 2020, when mandatory closures of nonessential businesses were enforced to slow the spread of the first COVID-19 wave.\n“This was a one-two punch of really positive data,” said Edward Moya, senior market analyst at OANDA in New York.\nDollar strength was capped, however, as Treasury yields dropped to one-month lows, reducing the relative attractiveness of the U.S. currency. [US/]\nThe dollar index earlier on Thursday hit a one-month low of 91.487, before rebounding to 91.608, unchanged on the day.\nThe euro fell 0.04% to $1.1975. It reached a six-week high of $1.1994 earlier on Thursday.\nThe greenback fell 0.23% to 108.65 Japanese yen.\nThe dollar has been on the back foot this month as Treasury yields stabilize below one-year highs reached last month. Yields have fallen as the U.S. Federal Reserve reiterates its commitment to holding rates near zero for years to come, and on some concerns that a recent uptick in inflation will be temporary.\nSan Francisco Fed President Mary Daly on Thursday said the U.S. economy is still far from making "substantial progress" toward the central bank\'s goals of 2% inflation and full employment, the bar the Fed has set for beginning to consider reducing its support for the economy.\nStrong risk appetite as stocks hit record highs is also seen as denting the appeal of the greenback. [.N]\nThe Australian dollar, a proxy for global risk sentiment, rose 0.42% on Thursday to $0.7755.\nRising geopolitical tensions may be helping demand for safe-haven U.S. bonds on Thursday.\n“We’re seeing more risks across emerging markets right now, and that’s probably going to keep some Treasury demand going,” said Moya.\nThe Russian rouble tumbled on Thursday, at one point losing 2% to the dollar in volatile trade and hitting a more than five-month low versus the euro as the White House announced new sanctions targeting Russia\'s sovereign debt.\nU.S. President Joe Biden on Thursday authorized the move to punish Moscow for interfering in the 2020 U.S. election - allegations Russia denies.\nBiden will deliver remarks on Russia at 4:30 p.m./2030 GMT on Thursday.\nBitcoin stood near a record high of $64,895 reached on Wednesday, when cryptocurrency platform Coinbase made its debut in Nasdaq in a direct listing. It was last down 0.12% on the day at $62,910.\n(Reporting by Karen Brettell; additional reporting by Ritvik Carvalho in London; editing by Jonathan Oatis and Chizu Nomiyama)', '* Euro hits four-week top to dollar with U.S. yields subdued * Commodity-linked Aussie and kiwi reach three-weak peaks * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Hideyuki Sano and Kevin Buckland TOKYO, April 15 (Reuters) - The U.S. dollar sank to a new four-week low versus major peers on Thursday as Treasury yields pulled back from last month\'s surge, with investors increasingly convinced by the Federal Reserve\'s arguments that interest rates will stay low for some time. The dollar index, which tracks the greenback against six rival currencies, dipped to the lowest since March 18 at 91.559 in the Asian session before recovering to be basically flat at 91.666. The euro rose as high as a four-week top of $1.1989, matching the highest level since March 4, before trading mostly unchanged at $1.19735. The dollar changed hands at 108.87 yen, after hitting a three-week low of 108.755 on Wednesday. "The dollar has been losing steam a bit in line with falls in U.S. bond yields as the Fed has maintained its dovish stance," said Yujiro Goto, chief currency strategist at Nomura Securities. Repeated assurances from Fed officials that it will keep interest rates low have helped stabilise U.S. bonds, especially at the short end of the market. While many investors remain nervous the Fed could change its tone later this year if inflation readings swing much higher than expected, for now they are content to give the Fed the benefit of the doubt. Ten-year U.S. bond yields eased to 1.6342% in Asian trading, well below a 14-month peak of 1.776% hit late March, reducing the dollar\'s yield attraction. Meanwhile, stocks have marched higher, with the S&P 500 setting new records this week. "Risk sentiment is improving," dragging on bond yields and the dollar, said Osamu Takashima, chief currency strategist at Citigroup Global Markets Japan. "I believe the dollar weakening trend could continue," with a move toward 108 yen and $1.205 per euro in the very near term, he said. Fed Chair Jerome Powell said on Wednesday that in time the U.S. central bank will reduce its monthly bond purchases before it commits to an interest rate increase, a scenario many investors have regarded as a given. A weaker U.S. dollar also saw commodity currencies supported. The Australian dollar rose at high as $0.7745 on Thursday for the first time since March 23, following a 1% rally in the previous session that saw it break out of its tight trading band over the last few weeks. The New Zealand dollar likewise hit a three-week high of $0.7160. "When economic data is strong and the Fed is not turning hawkish, we could see risk-sensitive currencies gaining against both the dollar and the yen," said Nomura\'s Goto. Thursday is busy with U.S. data, including retail sales readings for March and weekly jobless figures due at 1230GMT. Bitcoin stood near the record high of $64,895.22 hit on Wednesday, when cryptocurrency platform Coinbase made its debut in Nasdaq in direct listing. The world\'s most popular digital token last changed hands at around $63,250. After a volatile trade, the stock closed at $328.28, which gave the firm market capitalisation of $65.39 billion, about the same as New York Stock Exchange owner Intercontinental Exchange Inc. ======================================================== Currency bid prices at 520 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.1973 $1.1980 -0.05% -2.00% +1.1990 +1.1970 Dollar/Yen 108.8520 108.9550 -0.08% +5.40% +108.9500 +108.8400 Euro/Yen 130.34 130.47 -0.10% +2.69% +130.5500 +130.3200 Dollar/Swiss 0.9235 0.9229 +0.10% +4.42% +0.9240 +0.9224 Sterling/Dollar 1.3766 1.3776 -0.08% +0.75% +1.3793 +1.3765 Dollar/Canadian 1.2526 1.2521 +0.02% -1.66% +1.2526 +1.2505 Aussie/Dollar 0.7712 0.7723 -0.12% +0.28% +0.7744 +0.7706 NZ 0.7143 0.7140 +0.07% -0.50% +0.7158 +0.7138 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Hideyuki Sano and Kevin Buckland; Editing by Sam Holmes and Kim Coghill)', '* Euro hits f
**Last 60 Days of Bitcoin's Closing Prices:**
[48717.29, 47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-15
**Financial & Commodity Data:**
- Gold Closing Price: $1765.40
- Crude Oil Closing Price: $63.46
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,175,420,582,109
- Hash Rate: 198514005.7096344
- Transaction Count: 359440.0
- Unique Addresses: 952400.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.79
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Palantir Technologies Inc (NYSE: PLTR ) is past the point of control from a technical standpoint, host Neil Hamilton said Wednesday on Benzinga's YouTube show "Get Technical." When the stock passed the point of control, "it became a buy for me," Hamilton said. Related Link: Palantir's Stock May Have Just Broken Out Of Old Bearish Pattern Hamilton charted the "point of control" using a volume profile Tuesday on "Get Technical." The volume profile shows the area of control, which Hamilton said is where most of the buying and selling occurs. Hamilton was looking for a session close above that point on higher than average volume, as seen on the Palantir chart at the close Tuesday. Palantir has a great story and "it's a great long-term holding," Hamilton said. Palantir Events: Palantir is holding the first in a series of "Double Click" events Wednesday at 11 a.m. ET, in which the company will showcase its "Foundry" product. See also: Is Now The Time To Buy Stock In Palantir, Tesla, Nio, Ford Or GM? PLTR Price Action: Palantir was down 2.75% to $24.72 at last check Wednesday. Photo courtesy of Palantir. See more from Benzinga Click here for options trades from Benzinga Palantir's Joe Lonsdale Responds To PayPal's Peter Thiel's Comments On Bitcoin: Says Bitcoin Is A 'Force For Freedom' Why Tim Quast Likes CCIV, Eaton, Disney, Palantir Stock © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.46% on Thursday. Partially reversing a 0.95% decline from Wednesday, Bitcoin ended the day at $63,196.0.\nA mixed start to the day saw Bitcoin fall to a late morning intraday low $62,000.0 before making a move.\nSteering clear of the first major support level at $61,204, Bitcoin struck a late intraday high $63,845.0.\nFalling well short of the first major resistance level at $64,727, Bitcoin eased back to end the day at sub-$63,200 levels.\nThe near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Thursday.\nRipple’s XRPslid by 4.17% to lead the way down\nBinance Coin(-1.36%) and Polkadot (-0.02%) also saw red to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nBitcoin Cash SVrallied by 12.38% to lead the way.\nChainlink(+3.18%),Crypto.com Coin(+3.20%),Ethereum(+3.49%), andLitecoin(+2.67%) also made solid gains.\nCardano’s ADA(+1.93%) and Polkadot (+1.87%) and trailed the front runners, however.\nIn the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Wednesday high $2,259bn. At the time of writing, the total market cap stood at $2,214bn.\nBitcoin’s dominance rose to a Monday high 56.61% before falling to a Thursday low 52.92%. At the time of writing, Bitcoin’s dominance stood at 53.53%.\nAt the time of writing, Bitcoin up by 0.28% to $63,5.037. A mixed start to the day saw Bitcoin fall to an early morning low $63,083.2 before rising to a high $63,417.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (-0.47%), Cardano’s ADA (-0.06%), and Polkadot (-0.05%) saw red early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 1.68% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $63,014 to bring the first major resistance level at $64,027 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $64,000 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $64,859.\nFailure to avoid a fall through the $63,014 pivot would bring the first major support level at $62,182 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $61,169.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Daily Forecast – Strong Economic Reports Provide Support To U.S. Dollar\n• Gold Price Prediction – Prices Surge Breaking Through Resistance as Yields Tumble\n• Silver Price Daily Forecast – Silver Gains Ground As Treasury Yields Move Lower\n• Economic Data and Geopolitics Keep the Dollar in the Spotlight\n• Why Shares Of Delta Air Lines Are Down By 3% Today?\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 16th, 2021', 'Bitcoin , BTC to USD, rose by 0.46% on Thursday. Partially reversing a 0.95% decline from Wednesday, Bitcoin ended the day at $63,196.0. A mixed start to the day saw Bitcoin fall to a late morning intraday low $62,000.0 before making a move. Steering clear of the first major support level at $61,204, Bitcoin struck a late intraday high $63,845.0. Falling well short of the first major resistance level at $64,727, Bitcoin eased back to end the day at sub-$63,200 levels. The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Ripple’s XRP slid by 4.17% to lead the way down Binance Coin (-1.36%) and Polkadot (-0.02%) also saw red to buck the trend on the day. It was a bullish day for the rest of the majors, however. Bitcoin Cash SV rallied by 12.38% to lead the way. Chainlink (+3.18%), Crypto.com Coin (+3.20%), Ethereum (+3.49%), and Litecoin (+2.67%) also made solid gains. Cardano’s ADA (+1.93%) and Polkadot (+1.87%) and trailed the front runners, however. In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Wednesday high $2,259bn. At the time of writing, the total market cap stood at $2,214bn. Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Thursday low 52.92%. At the time of writing, Bitcoin’s dominance stood at 53.53%. This Morning At the time of writing, Bitcoin up by 0.28% to $63,5.037. A mixed start to the day saw Bitcoin fall to an early morning low $63,083.2 before rising to a high $63,417.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-0.47%), Cardano’s ADA (-0.06%), and Polkadot (-0.05%) saw red early on. It was a bullish start for the rest of the majors, however. Story continues At the time of writing, Crypto.com Coin was up by 1.68% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $63,014 to bring the first major resistance level at $64,027 into play. Support from the broader market would be needed for Bitcoin to break back through to $64,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $64,859. Failure to avoid a fall through the $63,014 pivot would bring the first major support level at $62,182 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $61,169. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Daily Forecast – Strong Economic Reports Provide Support To U.S. Dollar Gold Price Prediction – Prices Surge Breaking Through Resistance as Yields Tumble Silver Price Daily Forecast – Silver Gains Ground As Treasury Yields Move Lower Economic Data and Geopolitics Keep the Dollar in the Spotlight Why Shares Of Delta Air Lines Are Down By 3% Today? Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 16th, 2021', 'Radnor, Pennsylvania--(Newsfile Corp. - April 15, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed against Ebang International Holdings Inc. (NASDAQ: EBON) ("Ebang") on behalf of those who purchased or acquired Ebang securitiesbetween June 26, 2020 and April 5, 2021, inclusive (the "Class Period").\nInvestor Deadline Reminder: Investors who purchased or acquired Ebang securitiesduring the Class Period may,no later than June 7, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail [email protected];orclickhttps://www.ktmc.com/ebang-international-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=ebang\nEbang is a leading application-specific integrated circuit chip design company and a leading manufacturer of Bitcoin mining machines. The Class Period commences on June 26, 2020, when Ebang filed its prospectus in connection with its initial public offering (the "IPO"). On October 23, 2020, Ebang filed its registration statement on a Form F-1 for an offering of Class A ordinary shares and warrants to purchase Class A ordinary shares. It was subsequently amended on October 26, 2020, November 6, 2020, and November 16, 2020 before Ebang filed a related prospectus on a Form 424b4 on November 20, 2020.\nAccording to the complaint, on April 6, 2021, before the market opened, Hindenburg Research published a report alleging, among other things, that Ebang was directing proceeds from its IPO last year into a "series of opaque deals with insiders and questionable counterparties." According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go "primarily for development," and that instead the funds were directed to repay related-party loans to a relative of Ebang\'s Chief Executive Officer, Dong Hu. The report also noted that Ebang\'s earlier efforts to go public on the Hong Kong Stock Exchange had failed due to widespread media coverage of a sales inflation scheme with Yindou, a Chinese peer-to-peer online lending platform that defrauded 20,000 retail investors in 2018, with $655 million "vanish[ing] into thin air." Following this news, Ebang\'s share price fell $0.82, or approximately 13%, to close at $5.53 per share on April 6, 2021.\nThen, on April 6, 2021, after the market closed, Ebang issued a statement stating that, though it believed the report "contain[ed] many errors, unsupported speculations and inaccurate interpretations of events," the "Board, together with its Audit Committee, intends to further review and examine the allegations and misinformation therein and will take whatever necessary and appropriate actions may be required to protect the interest of its shareholders." Following this news, Ebang\'s share price fell $0.12, or 2.17%, to close at $5.41 per share on April 7, 2021. The stock price continued to decline over the next trading session by $0.38, or 7%, to close at $5.03 per share on April 8, 2021.\nThe complaint alleges that, throughout the Class Period, the defendants failed to disclose to investors that: (
**Last 60 Days of Bitcoin's Closing Prices:**
[47945.06, 49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-16
**Financial & Commodity Data:**
- Gold Closing Price: $1779.00
- Crude Oil Closing Price: $63.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,127,992,802,978
- Hash Rate: 120743465.5644424
- Transaction Count: 219704.0
- Unique Addresses: 733666.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin is currently trading at $47,350 following a significant correction on Thursday that saw it slump from $52,000 to as low as $46,300. The world’s largest cryptocurrency closely mimicked the price moves of the US stock market, which was rocked by comments from Federal Reserve Chair Jerome Powell. Powell vowed to keep monetary policy steady, even as the economy improves this year and inflation begins to rise. The US Dollar subsequently rallied, leaving the S&P500 and Bitcoin to make a correlated move to the downside. BTCUSD chart by TradingView Since then, Bitcoin has bounced off the $46,300 level of support while waiting for the US market to open at 9:30 EST. The $47,500 level remains a key point of resistance in the short-term, as this provided a point of rejection early this morning. However, if Bitcoin can manage to climb above $47,500, it could well re-test the broken support at $48,500 following a failed attempt at a breakout last night. A rejection from either of these levels will likely trigger a period of continuation to the downside, as the $45,500 level of support begins to beckon. It’s worth noting that a test of the monthly bollinger band at $40,000 may also come into play, as every monthly close above it in Bitcoin’s 11 year history has resulted in a test. For more news, guides and cryptocurrency analysis, click here . Bitcoin pricing Current live BTC pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar – BTCtoUSD British Pound Sterling – BTCtoGBP Japanese Yen – BTCtoJPY Euro – BTCtoEUR Australian Dollar – BTCtoAUD Russian Rouble – BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. Story continues The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. More BTC news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, fell by 2.98% on Friday. Reversing a 0.46% gain from Thursday, Bitcoin ended the day at $61,322.0.\nA bullish start to the day saw Bitcoin rise to an early morning intraday high $63,520.0 before hitting reverse.\nFalling short of the first major resistance level at $64,027, Bitcoin slid to a late morning intraday low $60,005.0.\nBitcoin fell through the first major support level at $62,182 and the second major support level at $61,169.\nFinding afternoon support, Bitcoin broke back through the second major support level to revisit $62,000 levels before easing back.\nIn spite of the pullback, Bitcoin avoided a fall back through the second major support level late in the day.\nThe near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nBitcoin Cash SVsurged by 17.73% to lead the way, withLitecoinrallying by 7.89%.\nIt was a bearish day for the rest of the majors, however.\nRipple’s XRPslid by 11.92% to lead the way down\nBinance Coin(-6.15%),Cardano’s ADA(-4.51%), andEthereum(-3.59%) also struggled.\nChainlink(-1.40%),Crypto.com Coin(-0.97%), and Polkadot (-1.84%) saw relatively modest losses on the day.\nIn the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,307bn. At the time of writing, the total market cap stood at $2,177bn.\nBitcoin’s dominance rose to a Monday high 56.61% before falling to a Friday low 51.50%. At the time of writing, Bitcoin’s dominance stood at 52.59%.\nAt the time of writing, Bitcoin was down by 0.25% to $61,167.3. A mixed start to the day saw Bitcoin rise to an early morning high $61,675.0 before falling to a low $61,157.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (-2.47%) and Crypto.com Coin (-0.64%) joined Bitcoin in the red to buck the early trend.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Litecoin was up by 2.09% to lead the way.\nBitcoin would need to move back through the pivot level at $61,616 to bring the first major resistance level at $63,226 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $63,000 levels.\nBarring an extended crypto rally, the first major resistance level and Friday’s high $63,520.0 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,131.\nFailure to move back through the $61,616 pivot would bring the first major support level at $59,711 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $58,101.\nThisarticlewas originally posted on FX Empire\n• The Weekly Wrap – Economic Data, COVID-19 Vaccine News, and Geopolitics Were in Focus\n• Gold Price Predication – Prices Rise as Yield Drop for the Week\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 17th, 2021\n• European Equities: A Week in Review – 16/04/21\n• AUD/USD Forex Technical Analysis – Rally Stalls in Front of Main Retracement Zone at .7770 – .7826\n• Natural Gas Price Forecast – Natural Gas Rallies Into the Weekend', 'Bitcoin , BTC to USD, fell by 2.98% on Friday. Reversing a 0.46% gain from Thursday, Bitcoin ended the day at $61,322.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $63,520.0 before hitting reverse. Falling short of the first major resistance level at $64,027, Bitcoin slid to a late morning intraday low $60,005.0. Bitcoin fell through the first major support level at $62,182 and the second major support level at $61,169. Finding afternoon support, Bitcoin broke back through the second major support level to revisit $62,000 levels before easing back. In spite of the pullback, Bitcoin avoided a fall back through the second major support level late in the day. The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Bitcoin Cash SV surged by 17.73% to lead the way, with Litecoin rallying by 7.89%. It was a bearish day for the rest of the majors, however. Ripple’s XRP slid by 11.92% to lead the way down Binance Coin (-6.15%), Cardano’s ADA (-4.51%), and Ethereum (-3.59%) also struggled. Chainlink (-1.40%), Crypto.com Coin (-0.97%), and Polkadot (-1.84%) saw relatively modest losses on the day. In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,307bn. At the time of writing, the total market cap stood at $2,177bn. Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Friday low 51.50%. At the time of writing, Bitcoin’s dominance stood at 52.59%. This Morning At the time of writing, Bitcoin was down by 0.25% to $61,167.3. A mixed start to the day saw Bitcoin rise to an early morning high $61,675.0 before falling to a low $61,157.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Bitcoin Cash SV (-2.47%) and Crypto.com Coin (-0.64%) joined Bitcoin in the red to buck the early trend. It was a bullish start for the rest of the majors, however. At the time of writing, Litecoin was up by 2.09% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $61,616 to bring the first major resistance level at $63,226 into play. Support from the broader market would be needed for Bitcoin to break back through to $63,000 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $63,520.0 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,131. Failure to move back through the $61,616 pivot would bring the first major support level at $59,711 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $58,101. This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap – Economic Data, COVID-19 Vaccine News, and Geopolitics Were in Focus Gold Price Predication – Prices Rise as Yield Drop for the Week Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 17th, 2021 European Equities: A Week in Review – 16/04/21 AUD/USD Forex Technical Analysis – Rally Stalls in Front of Main Retracement Zone at .7770 – .7826 Natural Gas Price Forecast – Natural Gas Rallies Into the Weekend', "Des Moines, Iowa, April 16, 2021 (GLOBE NEWSWIRE) -- 7 Best Kratom Vendors Reviewed [2021]: Discover Where To Buy Kratom Online Farrinstitute announces the release of the review \x93Best Kratom Vendors in 2021\x94 Over the last couple of years, kratom has only continued to grow in popularity. This should not come as a surprise since the herbal extract has a wide array of health benefits, including being used by many as a self-treatment method for opioid withdrawal. That being said, the legality of kratom is under on-going consideration with many countries banning the extract altogether. Click Here to Check Out the Top-Rated Kratom Vendor To take advantage of kratom strains and other kratom-infused products, customers need to act fast and look for a reputable kratom vendor online. Luckily, this article has taken on the challenge and reviewed the best kratom vendors the market has to offer. Continue reading to find out more. How The Best Kratom Vendors Were Evaluated An effective way to find the most reliable and efficient kratom vendors is through testimonials and references from kratom users. Below are just a few of the issues analyzed. Price - Not everyone can afford to throw money at the things they love. That's why while researching the best kratom vendors, this article made sure each of the top picks boasted affordable prices or at the very least a loyalty system in place or discounts that both first-time buyers and frequent shoppers could take advantage of. Customer Support - No matter the service, some customers are bound to find a reason to complain. That's unavoidable. What's more important is whether the company has a great customer care team in place to help users when issues arise. Beginner-Friendly - Although kratom has been on the market for a while now, some users are only just discovering its benefits. As such, it's crucial that websites suit not only veteran buyers but also users who are brand new to the industry. That's why sites that provided helpful guides, tips, and search tools scored well on this list. Story continues Strains - There is a wide variety of kratom strains available. From enhanced and unaltered varieties to kratom-infused soaps and oils, vendors that offer an extensive catalog of strains, in addition to helpful filter options and buying guides, were preferred over competitor sites. 1. The Golden Monk (TGM) - Best Kratom Vendor Overall Even though it is fairly nascent, the Golden Monk has somehow managed to root itself in the market firmly. Launched in Canada in 2016, the company's main aim is to make sure that its customers have high-quality kratom products while also providing them with top class service. The Golden Monk (TGM) Positives Top process in the country Affordable strains Great for return buyers Fast and effective shipping User-friendly checkout process The Golden Monk (TGM) Drawbacks Occasional mistakes when handling orders Service is not wh
**Last 60 Days of Bitcoin's Closing Prices:**
[49199.87, 52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-17
**Financial & Commodity Data:**
- Gold Closing Price: $1779.00
- Crude Oil Closing Price: $63.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,134,821,475,366
- Hash Rate: 106676265.69285686
- Transaction Count: 194580.0
- Unique Addresses: 611196.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: In an independentpaper, former acting Director of the US Central Intelligence Agency (CIA), Michael Morrell, said the concern over the use of bitcoin for illicit finance is “significantly overstated.”
Morrell is a 33-year veteran of the agency. He served as Deputy Director and as acting Director in 2011 and again between 2012 and 2013. The lobbying group, Crypto Council for Innovation, commissioned thestudy. The Crypto Council wasformedrecently by the likes of Fidelity Investments and Coinbase.
Morell came to two key conclusions in the study. The first was that the concerns over the use of bitcoin in illicit finance are significantlyoverstated. The second was that blockchain analysis is a highly effective intelligence gathering tool for fighting crime.
Morell admitted that he did not expect to reach these conclusions. He presumed that those expressing concern over bitcoin had a comprehensive understanding of the subject. These include influential global finance leaders like Treasury Secretary Janet Yellen and President of the European Central Bank, Christine Lagarde.
However, he realized an essentially negligible amount of illicit finance took place on blockchains upon performing theanalysis. According to Chainalysis, less than 1% and falling. Morell noted that this was less than the illicit activity conducted through traditional the traditional banking system. This figure ranges between 2-4% of global GDP.
Morell was even more impressed with the industry’s ability to target illicit actors on the blockchain. He highlighted analytic firms such as Chainalysis, CipherTrace, and Elliptic, employing advanced forensic and artificial intelligence tools to fight crime.
Morell said they were able to track known actors’ actions and identify previously unknown people of interest. He said he was “literally blown away by how they find illicit activity…this is great intelligence work.”
Based on these results, Morell said it was imperative that the US not waste its time fretting over blockchain instead of leveraging it. He emphasized:
“We need to make sure that the conventional wisdom that is wrong about the illicit use of Bitcoin doesn’t hold us back from pushing forward the technological changes that are going to allow us to keep pace with China.”
The Chinese advancing with their own central bank digital currency (CBDC) is something the current Biden Administration iswatchingcarefully. Despite this, Fed Chair Jerome Powell recentlysaidthe digital dollar is too important to rush....
- Reddit Posts (Sample): [['u/-__-_-__-_-__-', 'With the BCH price rising so much right now, I think it’s time that we seriously look at reducing the default minrelaytxfee in order to bring transaction fees down', 139, '2021-04-17 00:09', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/', 'A typical transaction now has a fee of about 0.3 US cents and the dust limit, which is based on the minimum fee, is over half a cent. While these are still pretty low values (especially compared to BTC) they are higher than many noise.cash tips and will make it expensive to consolidate large amounts of tips. We’re already seeing people having to pay 10% or more when they try to combine their UTXOs, and if the price keeps going up,while that’s good for holders, it makes it harder to send small values with things like noise.cash. I’m not really active on Memo but I would assume it’s a similar problem there, as users now have to pay more per post and can’t send small tips as easily. \n\nSince the minimum fee is just a soft limit, and all nodes will accept a block including transactions with a lower fee, it wouldn’t require a fork to change it. It would probably still be better to get all nodes to upgrade at the same time though, so people don’t have to worry about a miner who ignores the original low-fee transaction including a double spend transaction that pays a higher fee. \n\nI think contacting major miners and node developers could be a good start, Bitcoin.com will likely be supportive since Roger Ver is active in the Bitcoin Cash community (though apparently he doesn’t check his Reddit notifications). Noise.cash itself probably also has some influence, as the largest source of BCH transactions paying a significant amount in fees to mining pools.', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/', 'msdrsh', [['u/MemoryDealers', 93, '2021-04-17 00:14', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gurybq4/', 'Yes, this is very important to do BEFORE the fees become high.', 'msdrsh'], ['u/-__-_-__-_-__-', 39, '2021-04-17 00:18', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/guryu1z/', 'Definitely and if the price keeps rising at this rate (no idea if that will happen but it would be nice) fees can rise very fast\n\nCould you look into planning a fee change for the bitcoin.com pool and if you have contacts with other pools talking to them?', 'msdrsh'], ['u/Tibanne', 34, '2021-04-17 01:26', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gus6kl4/', "Can nodes use price info to set a moving threshold for acceptance? With this set up once, the fees would remain at the same USDish value without future intervention. Not that USD is good, it's just more stable, for the moment.", 'msdrsh'], ['u/-__-_-__-_-__-', 23, '2021-04-17 01:32', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gus77fj/', 'Maybe but I would be somewhat concerned about automating that since it relies on centralized services and could maybe cause double spending problems. A small difference in price could mean one node ignores a transaction that another accepts, and sometimes exchanges can have significant price differences that could make this exploitable. For example coinbase sometimes has coins trading far above the prices on other exchanges since it doesn’t allow short selling.\n\nEdit - a fix by using the same exchange on all nodes would feel wrong IMO since it makes that seem like the “official” exchange for BCH', 'msdrsh'], ['u/MemoryDealers', 52, '2021-04-17 01:40', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gus87bs/', 'Will look into it.', 'msdrsh'], ['u/Tibanne', 14, '2021-04-17 01:41', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gus89fs/', 'Fair points. Trying to work around these two, I could see the node software polling multiple reputable price sources and averaging them. Then the fee that nodes accept could be set a lot lower than the recommended fee (still sub cent) that wallets use. Anyone who pays a lot less than the recommended fee can expect that some nodes will reject it.', 'msdrsh'], ['u/chaintip', 12, '2021-04-17 03:46', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gusm6oc/', "***\nu/-__-_-__-_-__-, you've [been sent](https://explorer.bitcoin.com/bch/address/bitcoincash:qrelay2wad3f7cemthnhncz9dfyhf3psugtkhruq3d) `0.00440617 BCH` | `~4.98 USD` by u/theimpregnator69420\nvia [chaintip](http://www.chaintip.org).\n***", 'msdrsh'], ['u/-__-_-__-_-__-', 29, '2021-04-17 05:02', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gusu5as/', 'Thanks! Price going up is good but only if we can keep BCH working as it’s supposed to', 'msdrsh'], ['u/-__-_-__-_-__-', 10, '2021-04-17 05:44', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gusyg4x/', 'That would make your node recognise transactions with any fee but it won’t do much for other users unless you’re mining BCH. Setting it to 100 sat/kB or something like that might be better though since 0 fees would allow for spam', 'msdrsh'], ['u/xd1gital', 12, '2021-04-17 06:21', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gut1w43/', 'Could you ask [bitcoin.com](https://bitcoin.com) pool to raise its soft generated block limit to at least 8MB? Thank', 'msdrsh'], ['u/ShortSqueeze20k', 16, '2021-04-17 07:06', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gut5q8j/', '8mb is the new default setting in the newest BCHN software. Assuming they still use BCHN it will change soon if not already.', 'msdrsh'], ['u/moleccc', 11, '2021-04-17 08:59', 'https://www.reddit.com/r/btc/comments/msdrsh/with_the_bch_price_rising_so_much_right_now_i/gute3cv/', '> PLUS 0.1% or 0.01% fee on the transaction amount?\n\nThat\'s not a good idea. Why disincentivize large transactions arbitrarily with no good (technical, cost-based) reason? Could be perceived as "taxing the rich", also. Don\'t scare the whales.', 'msdrsh']]], ['u/Hendrx_29', 'You know what makes us different then the other Altcoins?!', 3198, '2021-04-17 00:16', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/', 'I looked at Cardanos subreddit and they’re all up in arms about Dogecoin rising. \n\n“It has no utility” they say “I hope they all burn soon.” \n\nI looked at Etherums subreddit - same story..\n\nl looked at Cryptos subreddit - complete and utter trashing of Dogecoin.\n\nNearly everyone, from Boomers to the media, to other subs are straight trashing us..\n\nThen I look at Dogecoins subreddit and what do I see???\n\nI see nothing but support for one another...\n\nPeople talking about helping mom and dad retire\n\npeople paying off student loans\n\nPeople saving to buy a home \n\npeople paying it forward to help others\n\nThat’s what makes us different! \n\nD.O.G.E\n\nDO. ONLY. GOOD. EVERYDAY. \n\n^ That sums up our entire movement. \n\nI’m ashamed to have even invested in the other alt coins if the majority of their followers are quick to degrade everyone else. \n\nWho freaking cares if a meme coin reaches .35 cents .50 cents. If your coin is much better and can be used in a million ways than it should have ABSOLUTELY no problem rising on its own. \n\nThe difference between us and them is that when they’re coin is up, we’re NOT wishing they burn down and loose everything. \n\nSelling all my Etherum, Bitcoin, Cardano and going all in on DOGE. \n\nUtility or NOT, IDGAF rather increase the pot to ensure that regular folks get chance at a decent living. I’m already rich. \n\nIf Doge does go down, I know the same positive community will still be here!\n\nRant over...\n\n(Not crypto advice, I’m just doing this on my own) \n\nI’m proud of everyone in this community btw. \n\nTo the moon!\n\n(EDIT: I didn’t think my rant would get this far. Lol I genuinely think Dogecoin holders are good people and I believe that if we stick together, even after the $1 mark, we can make a positive impact on the crypto sphere and show the world what Doge really stands for!\n\nThank you for all the awards!)', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/', 'msdw00', [['u/LaGolfere', 81, '2021-04-17 00:17', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/guryose/', 'Well said! We HOLD together! We are a family!', 'msdw00'], ['u/ectobuilder', 13, '2021-04-17 00:17', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/gurypa4/', 'Amen', 'msdw00'], ['u/Prairiedoll', 14, '2021-04-17 00:18', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/guryu33/', 'Well said', 'msdw00'], ['u/ectobuilder', 77, '2021-04-17 00:18', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/guryu6u/', 'The biggest utility of a coin is mass acceptance. We got it baby. Doge all the way.\n\nCardano for instance is too technical for anyone to invest, let alone understand.', 'msdw00'], ['u/shortsmallandsweet', 93, '2021-04-17 00:19', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/guryv1a/', 'Why are all the other subs so obsessed with us?', 'msdw00'], ['u/keynerGee94', 87, '2021-04-17 00:19', 'https://www.reddit.com/r/dogecoin/comments/msdw00/you_know_what_makes_us_different_then_the_other/guryve5/', 'Amazing bro! Your right! We all doing it for a cause ! Please let’s not stop! Lets help eachother ! Lets reach 10$ na...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 2.27% on Saturday. Following on from a 2.98% decline on Friday, Bitcoin ended the day at $59,927.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $62,450.0 before hitting reverse. Falling short of the first major resistance level at $63,226, Bitcoin slid to a late afternoon intraday low $59,662.0. Bitcoin fell through the first major support level at $59,711 before briefly revisiting $60,900 levels. A bearish end to the day, however, saw Bitcoin fall back to end the day at sub-$60,000 levels. The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot rallied by 3.87% to lead the way, with Binance Coin rising by 1.08%. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV slid by 10.95% to lead the way down. Cardano’s ADA (-3.18%), Chainlink (-4.89%), Ethereum (-4.45%), and Litecoin (-2.51%) also struggled. Crypto.com Coin (-0.08%) and Ripple’s XRP (-0.62%) saw modest losses on the day, however. In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,305bn. At the time of writing, the total market cap stood at $2,136bn. Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.38%. At the time of writing, Bitcoin’s dominance stood at 52.85%. This Morning At the time of writing, Bitcoin was up by 0.46% to $60,205.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,934.0 before rising to a high $60,279.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. At the time of writing, Ripple’s XRP was up by 1.42% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $60,680 to bring the first major resistance level at $61,697 into play. Story continues Support from the broader market would be needed for Bitcoin to break out from $61,500 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s high $62,450.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $63,468. Failure to move through the $60,680 pivot would bring the first major support level at $58,909 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 levels. The second major support level sits at $57,892. This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap – Economic Data, COVID-19 Vaccine News, and Geopolitics Were in Focus E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Vulnerable to Reversal Top E-mini S&P 500 Index (ES) Futures Technical Analysis – New Minor Support Moves Up to 4142.25 U.S Mortgage Rates Fall for a Second Consecutive Week NZD/USD Forex Technical Analysis – Rally Stopped Short of .7204 to .7266 Resistance Zone Price of Gold Fundamental Daily Forecast – Supported by Fed’s Plan to Keep Interest Rates Historically Low', 'Bitcoin , BTC to USD, fell by 2.27% on Saturday. Following on from a 2.98% decline on Friday, Bitcoin ended the day at $59,927.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $62,450.0 before hitting reverse. Falling short of the first major resistance level at $63,226, Bitcoin slid to a late afternoon intraday low $59,662.0. Bitcoin fell through the first major support level at $59,711 before briefly revisiting $60,900 levels. A bearish end to the day, however, saw Bitcoin fall back to end the day at sub-$60,000 levels. The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot rallied by 3.87% to lead the way, with Binance Coin rising by 1.08%. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV slid by 10.95% to lead the way down. Cardano’s ADA (-3.18%), Chainlink (-4.89%), Ethereum (-4.45%), and Litecoin (-2.51%) also struggled. Crypto.com Coin (-0.08%) and Ripple’s XRP (-0.62%) saw modest losses on the day, however. In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,305bn. At the time of writing, the total market cap stood at $2,136bn. Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.38%. At the time of writing, Bitcoin’s dominance stood at 52.85%. This Morning At the time of writing, Bitcoin was up by 0.46% to $60,205.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,934.0 before rising to a high $60,279.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. At the time of writing, Ripple’s XRP was up by 1.42% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $60,680 to bring the first major resistance level at $61,697 into play. Story continues Support from the broader market would be needed for Bitcoin to break out from $61,500 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s high $62,450.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $63,468. Failure to move through the $60,680 pivot would bring the first major support level at $58,909 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 levels. The second major support level sits at $57,892. This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap – Economic Data, COVID-19 Vaccine News, and Geopolitics Were in Focus E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Vulnerable to Reversal Top E-mini S&P 500 Index (ES) Futures Technical Analysis – New Minor Support Moves Up to 4142.25 U.S Mortgage Rates Fall for a Second Consecutive Week NZD/USD Forex Technical Analysis – Rally Stopped Short of .7204 to .7266 Resistance Zone Price of Gold Fundamental Daily Forecast – Supported by Fed’s Plan to Keep Interest Rates Historically Low', 'San Francisco, CA, April 17, 2021 (GLOBE NEWSWIRE) -- Marijuana seeds fall into a murky legal area as they have a complicated relationship with the law.\nThis makes it difficult to find a reliable, high-quality seed bank in the United States, depending on an individual’s residing state.\nThe purpose of this review is to lay out the details of the top seed banks online.\nHow the Seed Banks Were Evaluated:\n1. Discussion with experts - Interviews and conversation with marijuana growers who order their seeds online.\n2. Website comparison - In-depth compare and contrast of online seed banks, evaluating delivery, strains, customer service, and more.\nTop 5 Seed Banks Online\nBelow is a detailed list of the 5 best seed banks that will ship to the USA.\n1.ILGM (I Love Growing Marijuana)- Best overall, most reliable\nRobert Bergman is the founder of ILGM, which he started in 2012. He has more than 25 years of experience in the field and has learned many tips and tricks along the way.\nOver time, his site has become one of the most trusted locations worldwide for Americans and Europeans buying marijuana seeds. There is an average delivery time of 10 days.\nOne thing that stands out about this site is the number of options and categories for all types of growers. On the main menu, consumers choose from beginner seeds, auto flowers, feminized seeds, medical seeds, mixed packs, grow kits, special deals, and seed-growing nutrients. All their seeds come with a germination guarantee and are authentic strains.\nAlso on offer are seeds for warm and cool climates, outdoor and indoor growing, high CBD, high yielding, high THC concentration, and more. Included in the top strains on offer are Blueberry Autoflower, Bergman’s Gold Leaf, Gorilla Glue, Girl Scout Cookies Extreme, and White Widow.\nAlso available are multiple purchase methods including credit and debit cards, bank deposits and transfers, and Bitcoin. Standard shipping is free, and tracked shipping costs $25.\nPros\n• Special dealsand promotions every month\n• Reputable company with a high rating\n• Money-back guarantee, and no dud seeds\n• Packaging is discreet\n• Free shipping to the US and Europe\n• Sells the best-known strains\n• Large variety of products\n• Growing guidebook and round-the-clock support\nCons\n• Not available in certain states\n• Tracking delivery costs $25\n2.Crop King Seeds- Great variety of strains\nThis seed site is easy to use and offers loads of choices, from different seed types to germination guides. It is the perfect place to shop for beginner growers. Choose from high CBD strains, autoflower options, and more.\nOn the site, the company has a regulated review system with a structure worked into the database that does not allow for biased or paid reviewers to comment. This five-crown rating offers useful feedback from regular clients.\nUse the filters when shopping to help narrow down which products are best. Regular shipping costs $10, express shipping is available at $30, and shipping is free on orders of over $300.\nPros\n• Free shipping on orders over $300\n• Germination rate of 80 percent\n• Special ranking and feedback system\n• Germination guide\n• THC-CBD infographics\nCons\n• Standard $10 delivery fee\n• One to two-week shipping time\n• Website is pretty bas
**Last 60 Days of Bitcoin's Closing Prices:**
[52149.01, 51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-18
**Financial & Commodity Data:**
- Gold Closing Price: $1779.00
- Crude Oil Closing Price: $63.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,037,095,455,838
- Hash Rate: 145361065.33971703
- Transaction Count: 274735.0
- Unique Addresses: 754058.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.79
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed
NEW YORK (Reuters) - The dollar climbed broadly on Thursday, as higher U.S. Treasury yields helped it retrace all its losses from the previous session following the Federal Reserve's pushback against market expectations of potential interest rate hikes.
The U.S. dollar index was 0.53% higher at 91.853, after falling 0.56% to a two-week low of 91.30 earlier in the session.
The U.S. economy is heading for its strongest growth in nearly 40 years, even as central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation, the Fed said on Wednesday.
While inflation is expected to jump to 2.4% this year, above the central bank's 2% target, Fed Chair Jerome Powell said that is viewed as a temporary surge which will not change the Fed's pledge to keep its benchmark overnight interest rate near zero.
"Markets are playing chicken with the Fed, betting that the central bank's reaction function will evolve once today's ultra-dovish policy stance succeeds in generating above-target inflation," said Karl Schamotta, chief market strategist at Cambridge Global Payments.
"Traders are essentially betting that Powell will succeed in proving himself wrong. This is tilting interest rate differentials in the dollar's favor and clobbering rate-sensitive currencies on a global basis," he added.
Following the Fed's statement on Wednesday, the benchmark 10-year yield retreated from a 13-month high of 1.69% hit early on Wednesday. On Thursday, yield on the 10 year bond resumed its recent rally to hit a fresh 13-month peak of 1.754%. [US/] (Graphic: Playing catch-up, https://fingfx.thomsonreuters.com/gfx/mkt/xegvbgoqqpq/Pasted%20image%201616006876319.png)
Data showing the number of Americans filing new claims for unemployment benefits unexpectedly rose last week did little to shake yields and the dollar lower.
Against the yen, the dollar gained 0.13% to 108.98 yen.
A Nikkei report said the Bank of Japan (BOJ) was expected to slightly widen an implicit band in which it allows long-term interest rates to move around its 0% target.
Elsewhere, Norway's crown reached its strongest against the euro in 13 months - 10.0223 crowns per euro - before erasing gains after Norway's central bank left its key interest rate unchanged at a record-low 0.0% on Thursday and shifted its forward guidance to signal that a rate increase may follow in the second half of this year.
The euro was last up 0.5% at 10.1274 crowns.
Sterling fell against the dollar as the Bank of England warned the outlook for Britain's recovery remained unclear, dampening some speculation the bank would signal a more confident outlook.
The pound was 0.3% lower at $1.3930.
In the cryptocurrency market, bitcoin fell 1.21 to $58,188.21, after earlier hitting $60,000 again.
"The price reversal from $61,000...trapped a lot of the longs, which were subsequently liquidated as bitcoin slipped," said Pankaj Balani, chief executive officer at crypo derivatives platform Delta Exchange.
"This move has spooked traders and triggered some profit-taking but it does not seem anything more than a short-term correction. Bitcoin remains bullish over a medium to a longer-term time frame."
(Reporting by Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed; Editing by Jonathan Oatis and Chizu Nomiyama)...
- Reddit Posts (Sample): [['u/AeonDisc', 'A word on conviction...', 124, '2021-04-18 00:13', 'https://www.reddit.com/r/shroomstocks/comments/mt0bid/a_word_on_conviction/', "I've been stewing about the past couple weeks, having my doubts about my investment decisions. I thought I'd jot some of these thoughts down into a post for you guys who may be feeling down and out on your luck here.\n\nIt seems that most of the great investors of our generation as of late have had one thing in common: conviction. Tesla, Bitcoin, Gamest0p...all of the people who struck gold in these investments had at least one thing in common: they believed in what they put their money in.\n\nKeith Gill of late Gamest0p fame started building his position in the company PRE-MARCH crash. He held through and just kept building his position. Anyone who went through the 2018 crypto crash and didn't sell, who just held tight and kept DCA'ing in are all laughing their way to the bank right now. Same with Tesla, which was heavily shorted and doubted for years prior to it's meteoric rise last year.\n\nI can't help but feel that we're in a similar position now. Anyone who has ever had a profound psychedelic experience will tell you that they believe in the medicine, and there's something ineffably beautiful about it. We may not be scientists, but it's quite obvious that these substances can be incredibly therapeutic and safe. And if you believe that, science will prove what we already know in due time.\n\nFortune favors the bold.", 'https://www.reddit.com/r/shroomstocks/comments/mt0bid/a_word_on_conviction/', 'mt0bid', [['u/InvestorForLife', 25, '2021-04-18 00:27', 'https://www.reddit.com/r/shroomstocks/comments/mt0bid/a_word_on_conviction/guwpsi0/', 'You are on point man. Agree 💯. Conviction with DD and investment into the right company. If it’s investment based on Reddit hype, those investors will never stick around.', 'mt0bid'], ['u/murkawicz', 24, '2021-04-18 02:18', 'https://www.reddit.com/r/shroomstocks/comments/mt0bid/a_word_on_conviction/gux22dr/', 'Conviction can directly affect the market. If a successful investor or group of investors all share high conviction of a stock or sector, they can affect the prices and movement meanwhile spreading their conviction socially. It creates a snowball effect. If one man’s conviction is so strong that he says “I’m putting all of my worth into this equity”, people will notice, and all it takes is a group of highly convicted people to create the domino effect. Usually this doesn’t involve average joes like us but if Elon Musk is highly convicted about something and publicizes it then it will most certainly have a direct effect. \nThe market does generally care about feelings and is actually controlled by feelings, but one man’s independent feelings usually are insignificant.', 'mt0bid'], ['u/qu33gqu3g', 11, '2021-04-18 04:25', 'https://www.reddit.com/r/shroomstocks/comments/mt0bid/a_word_on_conviction/guxfb5n/', "There are lots of bagholders out there who started out with strong convictions about the bags they're holding. Survivorship bias is a real thing.\n\nI have super high hopes for the potential of psychedelics to revolutionize mental health care, but it's a speculative investment at this point. High risk, high reward. I'm glad to have exposure to the sector and I'm hoping for big things, but I don't think anyone should be putting 90% of their IRA into shroom stocks if they're counting on that money to retire.", 'mt0bid']]], ['u/karmajuney', 'Is Bitcoin fee actually $49 right now?', 21, '2021-04-18 00:17', 'https://www.reddit.com/r/ExodusWallet/comments/mt0e3t/is_bitcoin_fee_actually_49_right_now/', 'I bought $50 btc hoping to send it over to my wallet easily. Exodus says the network fee is $49! So I spent $50 to get a nice $1 in my wallet. \n\nAm I missing something here?', 'https://www.reddit.com/r/ExodusWallet/comments/mt0e3t/is_bitcoin_fee_actually_49_right_now/', 'mt0e3t', [['u/Crazy_Unicorn_Music', 10, '2021-04-18 00:29', 'https://www.reddit.com/r/ExodusWallet/comments/mt0e3t/is_bitcoin_fee_actually_49_right_now/guwq4sj/', 'If this can help, you can set custom fees for BTC. Go into the settings for BTC and activate custom fees.', 'mt0e3t'], ['u/nexus974', 12, '2021-04-18 00:37', 'https://www.reddit.com/r/ExodusWallet/comments/mt0e3t/is_bitcoin_fee_actually_49_right_now/guwr03w/', 'You can buy Bitcoin with Apple Pay on Exodus', 'mt0e3t']]], ['u/SquareBottle', "Just out of curiosity, what's it like to be a whale?", 42, '2021-04-18 01:03', 'https://www.reddit.com/r/Nexo/comments/mt163l/just_out_of_curiosity_whats_it_like_to_be_a_whale/', 'More specifically, what do custodians like Nexo do differently for particularly large accounts? What would happen if I were to suddenly deposit something crazy like 100,000 BTC?\n\nFor starters, would I *actually* start getting almost 11 BTC in interest each day (100,000×.04÷365=10.9589041096)?\n\nMy gut says that the regular interest rates can only be maintained up for accounts up to a certain size because they need to be lending borrowers enough money in order to generate the interest for hodlers. I don\'t know what that "certain size" would be, but my expectation would be that I\'d receive an email saying something like, "Hey, congrats on being a whale, you\'ll keep getting the normal interest rate for your first _x_ bitcoins. Everything after that will have a different rate that\'s lower, but in exchange, you\'ll get some lovely perks."\n\nI don\'t need advice or anything. I _wish_ I had this problem, but I\'m only asking out of curiosity. Basically, I\'m just looking for daydream fuel here while I try to forget my student debt, healthcare debt, and credit card debt. Aaaaaand I just realized that a day\'s worth of interest on 100,000 bitcoins would be several times what I\'d need to pay off all my debt. Sigh. ;_;\n\nAhem. Anyway, I figure this can be a more laid-back thread than the usual posts \'round these parts, but I\'d still like the answers to be accurate obviously. Thanks for indulging me!', 'https://www.reddit.com/r/Nexo/comments/mt163l/just_out_of_curiosity_whats_it_like_to_be_a_whale/', 'mt163l', [['u/maxoys45', 36, '2021-04-18 01:38', 'https://www.reddit.com/r/Nexo/comments/mt163l/just_out_of_curiosity_whats_it_like_to_be_a_whale/guwxs40/', 'Anyone who is a multi billionaire from Bitcoin is unlikely to want to share any details on Reddit I’m afraid.', 'mt163l'], ['u/SquareBottle', 10, '2021-04-18 01:46', 'https://www.reddit.com/r/Nexo/comments/mt163l/just_out_of_curiosity_whats_it_like_to_be_a_whale/guwyn7w/', "Sure, but I don't think multibillionaires are the only people who'd know about special treatment for whales.", 'mt163l'], ['u/0megalulz', 36, '2021-04-18 02:51', 'https://www.reddit.com/r/Nexo/comments/mt163l/just_out_of_curiosity_whats_it_like_to_be_a_whale/gux5fyt/', 'I am not sure anyone will know that answer since we cannot really communicate with fishes.', 'mt163l']]], ['u/StudentForAllMyLife', 'Blockchain supply chain management and the basics of Vechain (VET)', 70, '2021-04-18 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/mt19sv/blockchain_supply_chain_management_and_the_basics/', "During this bull run one of the coins that got my mind is VET. Universities are doing a lot of research in the supply chain management field which is financially covered by a lot of businesses. In this post I will summarize the key disrupting solution that Vechain is bringing in the supply chain management field, hope you enjoy!\n\n# Brief introduction\n\nVeChain is a smart contract enabled blockchain that uses IoT technologies focusing on supply chain management, product tracking, and other business aspects related to inventory. Vechain is using transparent technology with no single point of weakness or control which is allowing for greater security, efficiency, high-speed value transfer and ease of tracking products in a given supply chain, while reducing cost through trustless automation.\n\n# Vechain partners and how does it work\n\nVechain combines smart contracts and blockchain technology with RFID (Radio Frequency Identification), NFC (Near-Field Contact), and other IoT (Internet of Things) sensors to create a platform designed for decentralized enterprise applications. VeChain involves assigning a product a unique ID and fitting it with a VeChain IoT sensor such as an NFC chip or RFID tracker, allowing the details of any product to be collected, stored, and quickly reviewed. This crypto-space solution will enable businesses and individuals to track items through the whole supply chain, thus verifying the authenticity of goods and combat counterfeiting. The technology is already in use in several industries like healthcare, fashion, consulting and many others, just to have a quick overview here is a screenshot from their official website:\n\n[VeChain partners](https://preview.redd.it/bsc41w85dtt61.jpg?width=1190&format=pjpg&auto=webp&s=1e2df75360537900138b43de2fd20123ff96db19)\n\nThe Vechain blockchain mainly has two tokens which are:\n\n* VET is the token used as a unit of exchange for all transactions. VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed. The VeChain tokens are required to perform all services on the VeChain platform.\n* VTHO provides fee payments and thus functions as a “gas token,” similar to how gas functions for Ethereum (ETH) transactions.\n\nVTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens.\n\nVeChain (VET) is a proof-of-stake token having low computing power requirements to achieve network security, but also there is no need for communication between nodes to reach an agreement or network consensus. Another feature is the proof-of-authority protocol implemented by VTHO that i will not be addressing in this post, but is briefly involves authority masternode operators maintaining t...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The Dollar/Yen finished higher on Friday after the Forex pair touched its lowest level since March 24 early in the session. The move produced a technical closing price reversal bottom that could be the first sign that the buying is greater than the selling at current price levels. On Friday, the USD/JPY settled at 108.793, up 0.030 or +0.03%. The price action was driven by a rebound in U.S. Treasury yields that helped the U.S. Dollar stabilize after a second consecutive week of losses. U.S. Treasury yields bounced back on Friday after the 10-year rate slipped to 1.53% in the previous session. Near the end of the session, the yield on the benchmark 10-year Treasury note rose to 1.587%.\xa0Earlier in the month, the 10-year Treasury yield recently topped 1.70%. US Economic News U.S. housing starts surged 19.4% to a seasonally adjusted annual rate of 1.739 million units last month, the highest level since June 2006. Economists polled by Reuters had forecast starts would rise to a rate of 1.613 million units in March. Permits for future home building rose 2.7% to a rate of 1.766 million units last month, recouping only a fraction of February’s 8.8% plunge. They jumped 30.2% compared to March 2020. Inflation concerns were on consumers’ minds early this month. A separate report from the University of Michigan on Friday showed its preliminary consumer sentiment index rose to 86.5 from a final reading of 84.9 in March. Economists had forecast the index would rise to 89.6. Finally, the survey’s one-year inflation expectation jumped to 3.7%, the highest level in nearly a decade, from 3.1% in March. Its five-year inflation outlook was unchanged at 2.7%. Japan Economic News In Japan, Preliminary Machine Tool Orders came in at 65.0%, up from 36.7%. Core Machinery Orders, however, fell 8.5%, missing the 2.4% forecast and coming in below the previously reported -4.5%. Japan’s core machinery orders unexpectedly fell 8.5% in February from the previous month, posting a second straight month of declines, government data showed last week. Story continues The fall in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a forecast of 2.8% growth in a Reuters poll of economists, the Cabinet Office data showed. On a year-on-year basis, core orders, which exclude those for ships and electric utilities, declined 7.1% in February, versus a 2.3% gain expected by economists. For a look at all of today’s economic events, check out our economic calendar . This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – April 19th, 2021 EUR/USD Forex Technical Analysis – Could Be Setting Up for Pullback into 1.1888 or Lower Bitcoin and Ripple’s XRP – Weekly Technical Analysis – April 19th, 2021 Earnings to Watch Next Week: Coca-Cola, United Airlines, NetFlix and SVB Financial in Focus USD/JPY Fundamental Daily Forecast – Technical Reversal Could Be Signaling Weakening Selling Pressure Look Out: Inflation Impact on Earnings, Peloton Treadmills, Cryptocurrency Bubble Concerns to Drive Volatility', 'The Dollar/Yen finished higher on Friday after the Forex pair touched its lowest level since March 24 early in the session. The move produced a technical closing price reversal bottom that could be the first sign that the buying is greater than the selling at current price levels.\nOn Friday, theUSD/JPYsettled at 108.793, up 0.030 or +0.03%.\nThe price action was driven by a rebound in U.S. Treasury yields that helped the U.S. Dollar stabilize after a second consecutive week of losses.\nU.S. Treasury yields bounced back on Friday after the 10-year rate slipped to 1.53% in the previous session. Near the end of the session, the yield on the benchmark 10-year Treasury note rose to 1.587%.\xa0Earlier in the month, the 10-year Treasury yield recently topped 1.70%.\nU.S. housing starts surged 19.4% to a seasonally adjusted annual rate of 1.739 million units last month, the highest level since June 2006. Economists polled by Reuters had forecast starts would rise to a rate of 1.613 million units in March.\nPermits for future home building rose 2.7% to a rate of 1.766 million units last month, recouping only a fraction of February’s 8.8% plunge. They jumped 30.2% compared to March 2020.\nInflation concerns were on consumers’ minds early this month. A separate report from the University of Michigan on Friday showed its preliminary consumer sentiment index rose to 86.5 from a final reading of 84.9 in March. Economists had forecast the index would rise to 89.6.\nFinally, the survey’s one-year inflation expectation jumped to 3.7%, the highest level in nearly a decade, from 3.1% in March. Its five-year inflation outlook was unchanged at 2.7%.\nIn Japan, Preliminary Machine Tool Orders came in at 65.0%, up from 36.7%. Core Machinery Orders, however, fell 8.5%, missing the 2.4% forecast and coming in below the previously reported -4.5%.\nJapan’s core machinery ordersunexpectedly fell 8.5% in February from the previous month, posting a second straight month of declines, government data showed last week.\nThe fall in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a forecast of 2.8% growth in a Reuters poll of economists, the Cabinet Office data showed.\nOn a year-on-year basis, core orders, which exclude those for ships and electric utilities, declined 7.1% in February, versus a 2.3% gain expected by economists.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers – April 19th, 2021\n• EUR/USD Forex Technical Analysis – Could Be Setting Up for Pullback into 1.1888 or Lower\n• Bitcoin and Ripple’s XRP – Weekly Technical Analysis – April 19th, 2021\n• Earnings to Watch Next Week: Coca-Cola, United Airlines, NetFlix and SVB Financial in Focus\n• USD/JPY Fundamental Daily Forecast – Technical Reversal Could Be Signaling Weakening Selling Pressure\n• Look Out: Inflation Impact on Earnings, Peloton Treadmills, Cryptocurrency Bubble Concerns to Drive Volatility', '* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Australia, NZ, South Korea share markets firm, Nikkei off 0.4% * Bitcoin fell 14% on Sunday, recoups losses in early Monday trading * Currencies tread water, U.S. dollar near 4-week lows By Swati Pandey SYDNEY, April 19 (Reuters) - Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections. MSCI\'s broadest index of Asia-Pacific shares outside Japan was last at 695.59, within striking distance of Friday\'s high of 696.48 - a level not seen since Apr. 7. The index jumped 1.2% last week and is up 5% so far this year, on track for its third straight yearly gain. "The extremely supportive monetary and fiscal policy setting continues to provide a fertile environment for risk assets," said Rodrigo Catril, senior forex strategist at National Australia Bank. Australian shares were 0.25% higher while New Zealand\'s benchmark index and South Korea\'s KOSPI added 0.4% each. Japan\'s Nikkei eased 0.4%. On Friday, the S&P 500 gained 0.4% to close at a new record high while clocking its sixth straight weekly gain. The Dow finished 0.5%, also at a record high while the Nasdaq climbed 0.1%. E-mini futures for the S&P 500 were down 0.3% in early Asian trading. This week is off to a quiet start with no major data releases slated on Monday. Investors will keep their eyes peeled for earnings from IBM and Coca-Cola later in the day. Netflix reports on Tuesday while later in the week American Airlines and Southwest will be the first major post-COVID cyclicals to post results. The European Central Bank (ECB) meets on Thursday with no changes to rates or guidance expected while preliminary data on factory activity around the globe for April is due on Friday. Elsewhere, Bitcoin, the world\'s biggest cryptocurrency, recouped most of its losses after plunging as much as 14% on Sunday following speculation the U.S. Treasury may be looking at cracking down on money-laundering activity within digital assets, NAB\'s Catril said. Story continues Data website CoinMarketCap cited a blackout in China’s Xinjiang region, which reportedly powers a lot of bitcoin mining, for the selloff. The retreat in Bitcoin also comes after Turkey\'s central bank banned the use of cryptocurrencies for purchases on Friday. Bitcoin is up more than 90% year to date, driven by its mainstream acceptance as an investment and a means of payment, accompanied by the rush of retail cash into stocks, exchange-traded funds and other risky assets. In currencies, the U.S. dollar loitered near a four-week low against a basket of currencies as investors increasingly bought into the Federal Reserve\'s insistence it would keep an accommodative policy stance for a while longer. The dollar index measuring the greenback against a basket of six currencies was unchanged at 91.612, not far from its lowest since March 18 touched on Friday. Against the Japanese yen, the greenback was off a touch at 108.72. The euro was a tad lower at $1.1966 while the British pound eased 0.07% to $1.3820. The risk-sensitive Aussie dollar slipped for a second straight day to be down 0.2% at $0.7715. In commodities, oil prices were down with the Brent slipping 34 cents to $66.43 a barrel and U.S. crude falling 29 cents to $62.84. Gold was up 0.2% at $1,779.3 an ounce. (Editing by Michael Perry)', '* Asian stock markets : https://tmsnrt.rs/2zpUAr4\n* Australia, NZ, South Korea share markets firm, Nikkei off 0.4%\n* Bitcoin fell 14% on Sunday, recoups losses in early Monday trading\n* Currencies tread water, U.S. dollar near 4-week lows\nBy Swati Pandey\nSYDNEY, A
**Last 60 Days of Bitcoin's Closing Prices:**
[51679.80, 55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-04-19
**Financial & Commodity Data:**
- Gold Closing Price: $1769.40
- Crude Oil Closing Price: $63.38
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,037,095,455,838
- Hash Rate: 113709865.62864962
- Transaction Count: 208413.0
- Unique Addresses: 674744.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Reuters) - Bitcoin rose 8 % to $48,861.48 on Monday, adding $3,620.52 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, has risen 76.2% from the year's low of $27,734 on Jan. 4. Bitcoin, the world's biggest and best-known cryptocurrency, has fallen 16.3% from the year's high of $58,354.14 on Feb. 21. Bitcoin's price soared this year as major firms, such as BNY Mellon, asset manager BlackRock Inc, credit card giant Mastercard Inc, backed cryptocurrencies, while those such as Tesla Inc Square Inc and MicroStrategy Inc invested in bitcoin. Ether, the coin linked to the ethereum blockchain network, rose 8.74 % to $1,546.06 on Monday, adding $124.29 to its previous close. (Reporting by Bhargav Acharya in Bengaluru; Editing by Chris Reese)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Euro propped up by vaccination catch-up hopes * Dollar loses traction as U.S. bond yields subdued * Euro, yen at highest level vs dollar since early March * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Hideyuki Sano TOKYO, April 20 (Reuters) - The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region\'s vaccination programme. The dollar had already been losing traction as U.S. bond yields have hovered below a 14-month peak touched last month, reducing the greenback\'s yield attraction. The euro rose to $1.2038, having touched a six-week high of $1.2048 on Monday while the British pound gained 1% overnight, its second biggest daily gain so far this year, and last stood at $1.3989. Some analysts say support for the euro likely came from the announcement that the European Union has secured an additional 100 million doses of COVID-19 vaccine by BioNTech and Pfizer. "Europe is really the main region which is going to see accelerating vaccinations this quarter. And later in the year, we will see accelerating vaccinations, broadly, in emerging market economies," Zach Pandl, co-head of foreign exchange strategy for Goldman Sachs in New York. "The U.S. got ahead of the curve in the first quarter, but other countries are going to be quickly catching up." The dollar index dropped to 91.085, having lost 2.5% from its five-month peak hit last month. The moves are the reverse of what was happening in the first three months of the year when the dollar gained against the very same major currencies as yields rose on U.S. Treasuries and offered higher returns on the greenback. Against the yen, the dollar fell to as low as 107.975 yen, its weakest in more than six weeks, and last traded at 108.15 . The 10-year U.S. Treasuries yield hit a one-month low of 1.529% last week. Though it ticked up to 1.605% by Monday it stood well below its March peak of 1.776%, when investors speculated the Federal Reserve could tone down its dovish policy guidance. Story continues "One of the probably most important developments in macro markets over the last month has been a stability in U.S. rate . That also opens up room for dollar weakness against a broad set of currencies," said Goldman\'s Pandl. The Australian dollar held firm at $0.7769 after hitting a one-month high of $0.7784 on Monday. The offshore Chinese yuan firmed to 6.5075 per dollar, near its highest level in almost one month. Gold also hit a 7-week high of $1,790 per ounce on Monday and last stood at $1,770.6. Bitcoin changed hands at $54,122, down 1.5% after four straight days of losses. (Reporting by Hideyuki Sano Editing by Shri Navaratnam)', '* Euro propped up by vaccination catch-up hopes\n* Dollar loses traction as U.S. bond yields subdued\n* Euro, yen at highest level vs dollar since early March\n* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E\nBy Hideyuki Sano\nTOKYO, April 20 (Reuters) - The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region\'s vaccination programme.\nThe dollar had already been losing traction as U.S. bond yields have hovered below a 14-month peak touched last month, reducing the greenback\'s yield attraction.\nThe euro rose to $1.2038, having touched a six-week high of $1.2048 on Monday while the British pound gained 1% overnight, its second biggest daily gain so far this year, and last stood at $1.3989.\nSome analysts say support for the euro likely came from the announcement that the European Union has secured an additional 100 million doses of COVID-19 vaccine by BioNTech and Pfizer.\n"Europe is really the main region which is going to see accelerating vaccinations this quarter. And later in the year, we will see accelerating vaccinations, broadly, in emerging market economies," Zach Pandl, co-head of foreign exchange strategy for Goldman Sachs in New York.\n"The U.S. got ahead of the curve in the first quarter, but other countries are going to be quickly catching up."\nThe dollar index dropped to 91.085, having lost 2.5% from its five-month peak hit last month.\nThe moves are the reverse of what was happening in the first three months of the year when the dollar gained against the very same major currencies as yields rose on U.S. Treasuries and offered higher returns on the greenback.\nAgainst the yen, the dollar fell to as low as 107.975 yen, its weakest in more than six weeks, and last traded at 108.15 .\nThe 10-year U.S. Treasuries yield hit a one-month low of 1.529% last week. Though it ticked up to 1.605% by Monday it stood well below its March peak of 1.776%, when investors speculated the Federal Reserve could tone down its dovish policy guidance.\n"One of the probably most important developments in macro markets over the last month has been a stability in U.S. rate . That also opens up room for dollar weakness against a broad set of currencies," said Goldman\'s Pandl.\nThe Australian dollar held firm at $0.7769 after hitting a one-month high of $0.7784 on Monday. The offshore Chinese yuan firmed to 6.5075 per dollar, near its highest level in almost one month.\nGold also hit a 7-week high of $1,790 per ounce on Monday and last stood at $1,770.6.\nBitcoin changed hands at $54,122, down 1.5% after four straight days of losses.\n(Reporting by Hideyuki Sano Editing by Shri Navaratnam)', '(Revises throughout, updates prices, adds action in Canadian dollar, emerging markets) By David Henry NEW YORK (Reuters) - The dollar rose on Tuesday as interest rates in the United States moved in a tight range and a drop in oil prices hit crude-linked currencies. After touching its lowest level in nearly seven weeks, the dollar index against major currencies rose 0.2% to 91.204 in the afternoon in New York. The euro was flat at $1.2033 after rising nearly 0.4% on the outlook for increasing vaccinations. The British pound fell 0.4% to $1.3937 after it backed off from touching $1.40 and gaining 1% on Monday. The dollar has fallen in April as U.S. bond yields retreated from the 14-month highs of 1.776% reached last month. The currency and yield declines have come as evidence mounted that the Federal Reserve would be slower about tightening monetary policy than it had appeared to the market, analysts said. The 10-year Treasury yield slipped to 1.57% after trading in a narrow range around 1.60%. The currency and interest rate markets could be relatively calm for another few weeks as the Fed and the European Central Bank each take their time about adjusting their rate policies, said Mazen Issa, senior currency strategist at TD Securities. "There really isn\'t a strong catalyst in either direction this month to really break us out of ranges," Issa said. Some encouragement for the euro came from the announcement that the European Union has secured an additional 100 million doses of the COVID-19 vaccine produced by BioNTech and Pfizer. The vaccination news suggests that the pace of Europe\'s recovery from the pandemic will begin to catch up with the United States and its story of faster growth, Issa said. "The FX market is moving away from this idea of full-on U.S. exceptionalism to being in a little bit more in limbo now," he said. Against the Japanese yen, the dollar edged up to 108.09 after having broken below 108 for the first time since March 5. Story continues Oil-linked currencies took a hit when crude prices fell 1% on fears that surging coronavirus infections in India will bring restrictions and reduce demand for oil. The Canadian dollar, which had been steady ahead of a Wednesday meeting of the Bank of Canada, then weakened the most in nearly two months to 1.2620 against the dollar, or 79.24 U.S. cents. The Norwegian crown retreated from its strongest levels against the dollar since 2018. Mexico\'s peso also weakened with oil after hovering around three-month highs on the strength of carry trades in high-yield emerging market currencies bolstered by recent low volatility. Bitcoin rose 1% to $56,211 on Tuesday afternoon. (Reporting by David Henry in New York. Additional reporting by Elizabeth Howcroft, Hideyuki Sano and Kevin Buckland; Editing by Larry King, Steve Orlofsky, Alex Richardson and Dan Grebler)', '(Revises throughout, updates prices, adds action in Canadian dollar, emerging markets)\nBy David Henry\nNEW YORK (Reuters) - The dollar rose on Tuesday as interest rates in the United States moved in a tight range and a drop in oil prices hit crude-linked currencies.\nAfter touching its lowest level in nearly seven weeks, the dollar index against major currencies rose 0.2% to 91.204 in the afternoon in New York.\nThe euro was flat at $1.2033 after rising nearly 0.4% on the outlook for increasing vaccinations. The British pound fell 0.4% to $1.3937 after it backed off from touching $1.40 and gaining 1% on Monday.\nThe dollar has fallen in April as U.S. bond yields retreated from the 14-month highs of 1.776% reached last month. The currency and yield declines have come as evidence mounted that the Federal Reserve would be slower about tightening monetary policy than it had appeared to the market, analysts said.\nThe 10-year Treasury yield slipped to 1.57% after trading in a narrow range around 1.60%.\nThe currency and interest rate markets could be relatively calm for another few weeks as the Fed and the European Central Bank each take their time about adjusting their rate policies, said Mazen Issa, senior currency strategist at TD Securities.\n"There really isn\'t a strong catalyst in either direction this month to really break us out of ranges," Issa said.\nSome encouragement for the euro came from the announcement that the European Union has secured an additional 100 million doses of the COVID-19 vaccine produced by BioNTech and Pfizer.\nThe vaccination news suggests that the pace of Europe\'s recovery from the pandemic will begin to catch up with the United States a
**Last 60 Days of Bitcoin's Closing Prices:**
[55888.13, 56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-20
**Financial & Commodity Data:**
- Gold Closing Price: $1777.30
- Crude Oil Closing Price: $62.44
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,040,940,825,750
- Hash Rate: 150050131.96357888
- Transaction Count: 279977.0
- Unique Addresses: 829989.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: How far does your U.S. tax address determine the amount you’ll pay in crypto taxes? The answer: A lot. As a U.S. investor, 25% to 50% of your hard-earned money may go toward taxes, depending on your jurisdiction. That means your tax strategy is every bit as important as your investment strategy. Related: Apifiny Exchange Network Will Mine Bitcoin to Improve Liquidity Channels Clinton Donnelly, the CryptoTaxFixer, specializes in crypto tax return preparation and defending crypto traders from Internal Revenue Service audits. He is the founder of CryptoTaxAudit and Donnelly Tax Law . Dennis Wohlfarth is the CEO and founder of ACCOINTING.com . For a full guide to U.S. crypto taxes, see CoinDesk’s post here . Most governments want to encourage investment, so they offer long-term capital gains incentives. In other words, you pay less tax the longer you hold an asset without selling it. The U.S. capital gains tax rates are 0%, 15%, or 20%, with most citizens paying 15% for long-term capital gains. In certain countries, tax on capital gains goes down to zero percent, or close to zero percent, rapidly. A popular strategy for investors is to go for the long-term capital gains incentive on your taxes, which means waiting to reap the benefits from your crypto assets. Global crypto tax opportunities Related: Bitcoin Breaks to All-Time High, Ending Three Months of Consolidation There’s only one special tax haven reserved for the largest of crypto whales: Puerto Rico. As an American, moving to Puerto Rico allows you to pay 0% capital gains tax, which means you’ll keep all of your profits on crypto assets. However, this strategy makes more sense for the whales than the shrimps of the crypto world. Puerto Rico is America’s tax haven, but the savings you make on your crypto will be diminished by recent spikes in living costs. Due to the bona fide residency requirement to buy a home within two years under Act 60-2019 , real estate on the island has skyrocketed in price. Story continues Therefore, we encourage this option only if you are a significant crypto whale with the means to buy high and sight unseen in Puerto Rico. For smaller-scale U.S. investors, moving to a crypto-friendly state with moderate living costs can allow you to live large off your crypto gains, even if you are not a whale. The key is to drive your income up and your expenses down, and you can do that by choosing a tax-friendly ZIP code and/or lifestyle. As a crypto investor, you want to look at the end-of-year expenses and make some lifestyle choices pronto. Moving to a state without income tax is a smart tax move and is an attractive option for investors who are able to work remotely. Nine U.S. states have no income tax as of 2021: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. There’s only one special tax haven reserved for the largest of crypto whales: Puerto Rico. Even if you can’t hack the move to a crypto-friendly state with zero income tax, moving to a ZIP code with lower living costs could save you a bundle on taxes that eat into your crypto gains. It’s key to remember that if you jack up your lifestyle costs at the same time your income shoots up, then you are no better off except for having more giant toys than you had before. Moving to an area with low property tax is an obvious way to save big-time. The second biggest expense is a house, and home-ownership comes with an array of tax implications. Property taxes have risen astronomically in many U.S. states, particularly in California, with people shelling out tens of thousands of dollars a year. Here’s the thing about a property tax: A property tax is a wealth tax. It’s a tax you have to pay because you have the wealth to own that asset and the amount is arbitrarily determined by ZIP code. If you were living in Colorado, your property tax on a $350,000 home might be no more than $1,700 for the year. So that starts to look attractive compared to the $10,000-$20,000 property tax each year, say, back in New Jersey. Someone paying $25,000 a month on property tax in California could have bought another house with the money he or she ends up spending on property taxes in California over 10 years. So, your property tax address is a key area where you could change your tax picture. Based on data from ATTOM Data Solutions , states with the lowest effective property tax rates were Hawaii (0.36%), Alabama (0.48%), Colorado (0.52%), Utah (0.56%) and Nevada (0.58%). Other states in the top 10 for lowest effective property tax rates were Tennessee (0.61%); West Virginia (0.61%), Delaware (0.62%), Arizona (0.63%) and Wyoming (0.65%). Where to pay your taxes Depending on your income level and the state where you live, U.S. crypto investors will end up paying about 33%-40% of their income in both federal and state taxes. For an American, there are some attractive options to consider when it comes to crossing state lines to avoid high rates of income tax that eat away at your crypto gains. Your lifestyle is another consideration. You want to be careful about increasing your expenses because you’ll squander the wealth you have. This is the time to look at your lifestyle costs attached to your ZIP code. If you position yourself to increase your income but keep your living costs low, you will maximize your crypto tax situation. If you are American wanting to limit your taxes, where and how you live matters. Don’t let your ZIP code stop your crypto assets from taking off. Related Stories How to Minimize Your Crypto Taxes How to Minimize Your Crypto Taxes...
- Reddit Posts (Sample): [['u/MyTwoCents101', 'BAT-USD and BAT-BTC and BAT-EUR Pairs Coming to Coinbase', 281, '2021-04-20 00:07', 'https://www.reddit.com/r/BATProject/comments/mubv4w/batusd_and_batbtc_and_bateur_pairs_coming_to/', '[https://twitter.com/coinbasepro/status/1384260106158678018?s=28](https://twitter.com/coinbasepro/status/1384260106158678018?s=28)\n\n&#x200B;\n\nMuch easier to trade BAT on Coinbase now. This is big positive news for BAT. Bigger than you think.', 'https://www.reddit.com/r/BATProject/comments/mubv4w/batusd_and_batbtc_and_bateur_pairs_coming_to/', 'mubv4w', [['u/metamucilhelpsmepoo', 30, '2021-04-20 00:23', 'https://www.reddit.com/r/BATProject/comments/mubv4w/batusd_and_batbtc_and_bateur_pairs_coming_to/gv4wanw/', 'About time', 'mubv4w'], ['u/KizokuA', 18, '2021-04-20 00:30', 'https://www.reddit.com/r/BATProject/comments/mubv4w/batusd_and_batbtc_and_bateur_pairs_coming_to/gv4x705/', 'More liquidity is good', 'mubv4w'], ['u/DapperHawk8', 12, '2021-04-20 05:54', 'https://www.reddit.com/r/BATProject/comments/mubv4w/batusd_and_batbtc_and_bateur_pairs_coming_to/gv5ydoh/', 'Bitstamp also coming Wed 21 April 12pm UTC\n\nhttps://www.bitstamp.net/news/', 'mubv4w'], ['u/BuckethatWithOatmeal', 15, '2021-04-20 07:00', 'https://www.reddit.com/r/BATProject/comments/mubv4w/batusd_and_batbtc_and_bateur_pairs_coming_to/gv649rq/', 'That pump and dump of 20 cents was fucking insane, news sells huh?', 'mubv4w']]], ['u/McFancy', 'Zenon $ZNN - Network of Momentum 8.6M max supply 130M Mcap - 55% APY staking', 21, '2021-04-20 00:11', 'https://www.reddit.com/r/Crypto_General/comments/mubyap/zenon_znn_network_of_momentum_86m_max_supply_130m/', "Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind.The first use-case of NoM would be to power decentralized infrastructure services that will support further development of next-gen web3 applications. The hybrid applications built on Zenon will fall under a variety of use-cases, covering anything from decentralized storage solutions to DeFi or IoT.\n\nWhat is it:\n\nIncredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain.\n\nWho does it:\n\nThis is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu.\n\nSquare will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards.\n\nIts open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over.\n\nTestnet is live and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere.\xa0\n\nAlso you can earn passive income on your $ZNN Avg 55% APY. No need to send it anywhere stake it yourself on your own pc.\n\nYou have been warned anon. This is the one.", 'https://www.reddit.com/r/Crypto_General/comments/mubyap/zenon_znn_network_of_momentum_86m_max_supply_130m/', 'mubyap', [['u/DrAzuwa', 10, '2021-04-20 01:16', 'https://www.reddit.com/r/Crypto_General/comments/mubyap/zenon_znn_network_of_momentum_86m_max_supply_130m/gv52ury/', 'Thanks OP for useful information about Zenon Network. Interesting project with a huge potential.', 'mubyap']]], ['u/sgtslaughterTV', 'Reality Check: China did NOT call Bitcoin an investment alternative - One person working at the central bank of China (Li Bo) did. Stay grounded', 287, '2021-04-20 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/mucv40/reality_check_china_did_not_call_bitcoin_an/', 'It never ceases to amaze me how many "moonboys" we get in this subreddit that don\'t know how to read a post. I\'ll just copy and paste all of my original thoughts from my comment in the relevant thread here: \n\n>李波:我们认为比特币和稳定币是加密资产。加密资产是投资的选项,它本身不是货币。它是另类投资,本身不是货币。所以我们认为加密资产将来应该发挥主要作用(的地方),是作为一种投资工具或者是替代性投资。把它作为一种投资工具的话,很多国家包括中国也正在研究,也就是对于这样一种投资方式应该有怎样的一种监管环境。虽然这个监管规则是最低的监管规则,但是仍然要有监管规则。以及也要确保对于这类资产的投机不会造成严重的金融风险,这是必须要做到的。也就是说,我们想出来需要怎样的监管规则之前,会继续保持现在的举措和做法。 \n\nTranslation: *We believe that Bitcoin and stablecoins are crypto assets. Crypto assets are an investment item, they themselves are not currencies. So we believe that (the main place) crypto assets will develop is to become a substitute investment or investment tool. If we examine it as an investment tool, many countries including China are researching just what kind of environment would be appropriate for these investment tools. Although these regulatory rules will be to a minimum, these are still regulatory rules [this is stressed as rules that must be followed]. It is also necessary to ensure that speculation of these assets will result in minimizing financial risk. Before we role out and new regulations or laws with regards to crypto assets, we must ensure that the present laws and practices are being followed.* \n\nWe can\'t forget this is quite literally "Xi Jinping\'s China" that we\'re talking about. I say quite litererally because Jack Ma, one of China\'s richest men, disappeared for a couple of months for simply voicing a disagreement with the CCP. Now I daresay that we need to keep a close eye on Li Bo for the next couple of months. \n\nMy final take: I said China would be getting on board sooner or later. I am nearly, positively, 100% certain that new regulations will revolve around strictly custodial services surrounding bitcoin unless the amount is below a particular threshhold in USD or RMB. \n\nYou can find my previous takes here in a different thread - https://old.reddit.com/r/CryptoCurrency/comments/j4e2iz/the_state_of_cryptocurrency_in_china_if_anyone/ \n\nAnd don\'t forget: they don\'t want crypto opened up to normies! why? This three minute video should ge the point across: https://www.youtube.com/watch?v=OAK7Rq6YFz4\n\n**EDIT:** This is what the media is trying to make you think with a different entirely fabricated example: \n\n**"The Speaker of The House comes out as a vegan."** is the headline we read on Monday from the New York Times. \nTuesday rolls along. Some Chinese news outlet publishes this headline: **"America is going green and loves eating vegan."** because of Monday\'s headline. \n\nAnything sound funny about that?', 'https://www.reddit.com/r/CryptoCurrency/comments/mucv40/reality_check_china_did_not_call_bitcoin_an/', 'mucv40', [['u/GrandAct', 16, '2021-04-20 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/mucv40/reality_check_china_did_not_call_bitcoin_an/gv50usy/', 'Still seems bullish to me.', 'mucv40'], ['u/SSquarepantsii', 11, '2021-04-20 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/mucv40/reality_check_china_did_not_call_bitcoin_an/gv53od1/', '~~Li Bo~~', 'mucv40'], ['u/ReverendAlSharkton', 36, '2021-04-20 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/mucv40/reality_check_china_did_not_call_bitcoin_an/gv5wg3w/', "He's not a bank teller. He's the Deputy Governor of the Bank of China. Do higher up officials often muse unsanctioned opinions on things like this in China?", 'mucv40'], ['u/reddit4485', 13, '2021-04-20 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/mucv40/reality_check_china_did_not_call_bitcoin_an/gv5xvcd/', 'This isn\'t just any person working at the Central Bank, this is the Deputy Governor. The Central Bank determines monitory policy for China and the Deputy Governor is only second to the Governor position in the bank. Also it\'s just not his opinion. Notice it starts with "We believe" meaning not just him but rather him and the Central Bank.', 'mucv40'], ['u/Arcosim', 27, '2021-04-20 06:10', 'https://www.reddit.com/r/CryptoCurrency/comments/mucv40/reality_check_china_did_not_call_bitcoin_an/gv5zuu8/', 'Do not pay attention to the OP. Do you seriously believe the Deputy Governor of the Bank of China would make such a declaration without the previous approval of the CCP heads? How often do high-ranking officials in China just "give their opinions"? \n\nThis declaration was fully sanctioned by the CCP and was made intending to start warming up the markets to the idea.', 'mucv40']]], ['u/Maceroli', 'Best Crypto for Long Holds (5 - 10 years)', 43, '2021-04-20 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/mucya0/best_crypto_for_long_holds_5_10_years/', 'Hey guys, \n\nFirst of all, thank you to everyone who has answered all my questions I have posted in the sub. \n\nI am very young and very new, what cryptos are the best for VERY long holds.\n\nRight now, I hold ETH and LINK with plans to buy some BTC. Should I be accumulating something else? \n\nThank you!', 'https://www.reddit.com/r/CryptoCurrency/comments/mucya0/best_crypto_for_long_holds_5_10_years/', 'mucya0', [['u/antonjg', 14, '2021-04-20 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/mucya0/best_crypto_for_long_holds_5_10_years/gv51a7i/', 'Definitely buy the BTC you plan on getting. Can never go wrong with BTC/ETH 10 years down the line.', 'mucya0'], ['u/Towbee', 11, '2021-04-20 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/mucya0/best_crypto_for_long_holds_5_10_years/gv51dth/', "Most people here I think will tell you ETH & B...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["April 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's competition watchdog has warned that the takeover of Asda by the billionaire Issa brothers and TDR, the buyout firm, could lead to higher prices at the pumps for motorists. https://bit.ly/3n2N1xM - M&G will reopen its 2 billion pound property fund next month, nearly 18 months after suspending it amid volatility in the commercial property market in late 2019. https://bit.ly/3n3Mc7M The Guardian - An influential group of British lawmakers has ordered former Prime Minister David Cameron to release texts he sent to the chancellor, Rishi Sunak, as part of a parliamentary inquiry into the Greensill lobbying scandal. https://bit.ly/3gx952p - Associated British Foods, the owner of Primark, is to hand back 72 million pounds in furlough payments to the UK government after record sales at its newly reopened stores in England and Wales last week as shoppers sought out summer fashions for the return to socialising. https://bit.ly/3xenar4 The Telegraph - One of Britain's most prominent investors has put $100 million into the country's biggest cryptocurrency company in a new stamp of approval for Bitcoin and other digital assets. https://bit.ly/32uQs6Q - Amazon is branching out into beauty with its first hair salon just weeks after opening its first grocery store outside the United States in London. https://bit.ly/3x9pbF7 Sky News - A firm linked to the lawyer tasked by the British prime minister with looking into the Greensill Capital lobbying scandal has been given 7 million pounds in government contracts over the last year. https://bit.ly/3sAmglr - Stock market investors are being short-changed by a persistent refusal of companies to reveal when they have received credible takeover approaches, according to Richard Buxton, the head of strategy at Jupiter Asset Management. https://bit.ly/32x6a1j The Independent - Britain's unemployment rate fell to 4.9% in the three months to February but there are now more than 800,000 fewer workers on company payrolls than before the pandemic, official figures show. https://bit.ly/3eiddk3 (Compiled by Bengaluru newsroom) View comments", "April 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's competition watchdog has warned that the takeover of Asda by the billionaire Issa brothers and TDR, the buyout firm, could lead to higher prices at the pumps for motorists. https://bit.ly/3n2N1xM - M&G will reopen its 2 billion pound property fund next month, nearly 18 months after suspending it amid volatility in the commercial property market in late 2019. https://bit.ly/3n3Mc7M The Guardian - An influential group of British lawmakers has ordered former Prime Minister David Cameron to release texts he sent to the chancellor, Rishi Sunak, as part of a parliamentary inquiry into the Greensill lobbying scandal. https://bit.ly/3gx952p - Associated British Foods, the owner of Primark, is to hand back 72 million pounds in furlough payments to the UK government after record sales at its newly reopened stores in England and Wales last week as shoppers sought out summer fashions for the return to socialising. https://bit.ly/3xenar4 The Telegraph - One of Britain's most prominent investors has put $100 million into the country's biggest cryptocurrency company in a new stamp of approval for Bitcoin and other digital assets. https://bit.ly/32uQs6Q - Amazon is branching out into beauty with its first hair salon just weeks after opening its first grocery store outside the United States in London. https://bit.ly/3x9pbF7 Sky News - A firm linked to the lawyer tasked by the British prime minister with looking into the Greensill Capital lobbying scandal has been given 7 million pounds in government contracts over the last year. https://bit.ly/3sAmglr - Stock market investors are being short-changed by a persistent refusal of companies to reveal when they have received credible takeover approaches, according to Richard Buxton, the head of strategy at Jupiter Asset Management. https://bit.ly/32x6a1j The Independent - Britain's unemployment rate fell to 4.9% in the three months to February but there are now more than 800,000 fewer workers on company payrolls than before the pandemic, official figures show. https://bit.ly/3eiddk3 (Compiled by Bengaluru newsroom) View comments", 'This news release constitutes a "designated news release" for the purposes of the Company\'s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021. VANCOUVER, BC / ACCESSWIRE / April 21, 2021 / HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE:HBF) (the "Company" or "HIVE") is pleased to announce that, further to its announcement on March 25, 2021, it has completed the share swap transaction (the "Transaction") with DeFi Technologies Inc. (NEO:DEFI, GR:RMJR, OTC: RDNAF) ("DeFi Technologies"), pursuant to which HIVE will receive 10,000,000 common shares of DeFi Technologies, representing approximately 5% of the existing outstanding common shares of DeFi Technologies in exchange for 4,000,000 common shares of the Company, representing approximately 1% of the Company\'s issued and outstanding common shares. Completion of the transaction is conditional on the approval of the TSX Venture Exchange. In addition, HIVE and DeFi Technologies have created a partnership surrounding the "decentralized finance" (DeFi) ecosystem with specific applications around Ethereum and Miner Extractable Value (MEV). The new partnership, which follows months of discussions, will provide HIVE with a strategic stake in DeFi Technologies and a broader partnership surrounding the DeFi ecosystem with a specific focus on the Ethereum based MEV space and developments surrounding it. The boom in Ethereum has 3 powerful drivers, and DeFi has been a substantial part of the additional fees HIVE has received for mining Ethereum on the cloud. The other are Stablecoins and more recently non-fungible tokens or NFT\'s. We believe DeFi is the most significant demand driver and our investment in DeFi Technologies gives our shareholders a double benefit. MEV refers to the amount of profit miners can extract from reordering and censoring transactions on the blockchain. It has become an important issue over the past year as the DeFi space has grown from US$3B to US$71B in market capitalization. Of the $347.3M of Extracted MEV, 88% comes from DeFi activities. As can be seen from data by Coin Metrics, over half of all ETH miner revenue currently comes from transaction fees. By partnering together to take on these activities, individuals get a more capital efficient market to play in, while distributing greater returns to miners for acting more altruistic. Story continues DeFi and new applications are focused on disrupting financial intermediaries. DeFi reached new heights over the past 12 months as dozens of projects launched and large amounts of capital flowed in. The majority of DeFi apps use Ethereum\'s ERC token standard to create new coins. DeFi has pushed Ethereum prices to new highs this year and it is accelerating innovation and experimentation. It is estimated that more than $1 trillion in transactions passed through the Ethereum ecosystem in 2020, putting it roughly on par with payments giant, PayPal. This mega trend in DeFi is a big tailwind for Ethereum demand and we believe we are in the early innings. Bitcoin was up 300% in 2020 while Ethereum surged 470% due to the demand from DeFi app\'s like Stablecoins to Decentralized Exchanges known as DEX\'s. HIVE is the largest public crypto mining company mining Ethereum and we wish to invest in the DeFi sector and will consider distributing our shares as a dividend to HIVE Shareholders over the next year. Blockchain analysis firm Chainalysis says DeFi is growing at ‘warp speed\' and DeFi\'s explosive growth has much further to grow. Since most DeFi applications are built on top of Ethereum, the world\'s second largest cryptocurrency platform and DeFi is a smart contract, the future looks very attractive with DeFi becoming a sustainable demand driver for Ethereum prices. Please see our YouTube channel for more insightful and timely information about DeFi and its relationship with Ethereum. About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. About DeFi Technologies Inc. DeFi Technologies Inc. is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector. For more information and to register to HIVE\'s mailing list, please visit www.HIVEblockchain.com . Follow @HIVEblockchain on Twitter and subscribe to HIVE\'s YouTube channel . On Behalf of HIVE Blockchain Technologies Ltd. "Frank Holmes" Executive Chairman For further information please contact: Frank Holmes Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicabl
**Last 60 Days of Bitcoin's Closing Prices:**
[56099.52, 57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-21
**Financial & Commodity Data:**
- Gold Closing Price: $1792.30
- Crude Oil Closing Price: $61.35
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,040,940,825,750
- Hash Rate: 118398932.25251149
- Transaction Count: 226021.0
- Unique Addresses: 719498.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and ether , the two biggest cryptocurrencies, surged to new all-time high prices on Tuesday, hours before the shares of crypto exchange Coinbase are due to start trading on Nasdaq. Coinbase going public provides a further boost of confidence in the cryptocurrencies sector, David Russell, vice president of market intelligence at TradeStation, wrote in an email. The price for bitcoin ( BTC ), the oldest cryptocurrency and the largest by market value, set a new record of $64,829.14 before setting back to $63,633.51 at press time, up 0.8% in the last 24 hours based on CoinDesk 20 data. Ether, the native cryptocurrency of the Ethereum blockchain and the second-largest overall, set a new high-water mark of $2,399.61, before subsiding to $2,380.84, up 4.7% in the last 24 hours. The new marks continue a two-day surge by the two cryptocurrencies in the leadup to Coinbases direct listing, a seminal moment in the history of crypto. Analysts said the extra publicity and investor-relations chatter surrounding the listing might lead to an uptick in the pace of cryptocurrency adoption, or at the very least, speculation. Related Stories Bitcoin, Ether Scale New Heights Ahead of Coinbases Historic Trading Debut Bitcoin, Ether Scale New Heights Ahead of Coinbases Historic Trading Debut Bitcoin, Ether Scale New Heights Ahead of Coinbases Historic Trading Debut Bitcoin, Ether Scale New Heights Ahead of Coinbases Historic Trading Debut...
- Reddit Posts (Sample): [['u/One_Cryptographer373', 'Kucoin ETF?', 11, '2021-04-21 00:01', 'https://www.reddit.com/r/kucoin/comments/mv1ksq/kucoin_etf/', 'So I’ll ask this again in case my previous post was incoherent. Kucoin put the btc and eth ETF on their front page. I bought one unit each of btc long and short to try it out. \n\nI’m not seeing the status of this purchase long or short. It’s not on my asset page. Where is that located?', 'https://www.reddit.com/r/kucoin/comments/mv1ksq/kucoin_etf/', 'mv1ksq', [['u/One_Cryptographer373', 29, '2021-04-21 00:35', 'https://www.reddit.com/r/kucoin/comments/mv1ksq/kucoin_etf/gv9byf3/', 'I don’t know. I see buttons I push them', 'mv1ksq']]], ['u/Machinebroke', 'How long does swapping BNB to Smart Chain take in Trust wallet? Has it also taken a while for you guys?', 308, '2021-04-21 00:13', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/', 'When I exchanged btc to bnb that took a day and a half with atomic wallet. When I exchanged bnb to smart chain on trust wallet it still hasn’t exchanged. It said it would take a few minutes but it has been an hour. Is this how long it takes for you guys?', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/', 'mv1uho', [['u/bubbawears', 53, '2021-04-21 00:20', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv99vqd/', 'I have the same problem! Am waiting for my money its just gone\n\nEDIT: Got it back and was able to swap it !!!\nSafeMoon to the Moon', 'mv1uho'], ['u/UltimusStatic', 20, '2021-04-21 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9b8ps/', 'Same thing is happening to me. It was just shy of 1 bnb too.... not showing any record of a pending transaction either. Yikes.', 'mv1uho'], ['u/sealt00th', 11, '2021-04-21 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9bt68/', "thank god, I thought i did something wrong. Did it over an hour ago and still nothing.\n\nUPDATE: \nafter roughly 2 hours I got my BNB back. Conversion to Smart Chain didn't work, fees taken. Be patient and at some point you will get your coins back. You can check the transaction on https://explorer.binance.org/ with your address. \n\nHope this helps!", 'mv1uho'], ['u/othesius', 16, '2021-04-21 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9difg/', 'Same issue here. My balance is just gone.', 'mv1uho'], ['u/defalco97', 30, '2021-04-21 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9dy2c/', 'hey guys! i just had the same problem, and after a little over an hour of waiting, i received all of it back (minues the transaction fee). But it returned to my BNB wallet, it didnt swap. idk if i wanna just try to swap again and risk having to wait another hour or if i wanna try the "trade" option! but just letting you know that it will come back eventually! hope this helps!', 'mv1uho'], ['u/defalco97', 10, '2021-04-21 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9ep8o/', 'an hour wait > $400 lost lmao', 'mv1uho'], ['u/bigtimechip', 18, '2021-04-21 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9er7s/', 'Bro same', 'mv1uho'], ['u/Unidentified1223', 11, '2021-04-21 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9gi4t/', 'Got a feeling everyone else trying to get in safemoon. I did the bnb to smart bnb earlier today and it was instant. Went to swap more about 40 minutes ago and I’m having the same issue. Bnb balance zero and bnb smart didn’t go up. Money isn’t showing in the account. Worrisome but calms me to see many others are experiencing this', 'mv1uho'], ['u/Western_Management', 42, '2021-04-21 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9gywl/', 'Glad I found this thread. Freaking out.', 'mv1uho'], ['u/JaxLebeau', 41, '2021-04-21 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9gzlr/', 'Same happened to me. After an hour or so the BNB reappeared in my wallet but was not swapped to Smart chain BNB. Just attempted the swap again and will update if anything occurs\n\n*FIXED: Only swap 75%. This method worked and it only took about 1 minute. \nUpvote so others can see please', 'mv1uho'], ['u/Menace2NYC', 10, '2021-04-21 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9hlvc/', 'Happened to me what bothers me that’s there’s no sign that saying pending or even a transaction history. Really fishy...', 'mv1uho'], ['u/VgamingX', 16, '2021-04-21 01:34', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9j7bh/', "So thankful this was posted - been so confused ahahah\n\nSAFEMOON I'M STILL COMING FOR YA", 'mv1uho'], ['u/Stonkdongs', 30, '2021-04-21 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9pugo/', 'EVERYONE PLEASE BE AWARE OF USER “Jwr20691” private messaging you in attempt to phishing scam you. He tries to direct you to an obvious fake help page to complete a bogus form. Upvote for everyone', 'mv1uho'], ['u/[deleted]', 13, '2021-04-21 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9qill/', "I'm starting to not trust this wallet...", 'mv1uho'], ['u/Solebusta', 11, '2021-04-21 02:48', 'https://www.reddit.com/r/CryptoCurrency/comments/mv1uho/how_long_does_swapping_bnb_to_smart_chain_take_in/gv9rysa/', 'Looks like Trust wallet is not that trustworthy afterall 😂', 'mv1uho']]], ['u/drwuzer', 'I feel I need to appologize', 1106, '2021-04-21 00:15', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/', "7 years ago, I posted a reply to a comment about bitcoin in this thread: [Right Here](https://www.reddit.com/r/LifeProTips/comments/1m67j1/lpt_to_transfer_money_cheaply_and_regularly/cc6bgmw/), a user tipped me 25cents (USD) in BTC as a result of my comment. I went through the effort to collect the BTC and put it in a wallet and promptly forgot all about it. Today I was talking to my brother about BTC and remembered that interaction and went on a little quest to find my forgotten fraction of a BTC. After some digging in my email, I found my wallet stored on Blockchain.com and my .25c is now worth $96! So I appologize for my comments back then calling bitcoin black magic and comparing it to a pyramid scheme. I have many regrets over this. Had I been smart enough to invest just $500 at that time, I'd have over $190,000 today - that's an incredible return in just 8 years. So anyway, that's all I came here to say. Carry on. Oh, for some reason the person who tipped me the .25c is suspended so I can't thank them directly. /u/_________lol________ if you're out there - Thanks man! \n\n*EDIT: WOW! Y'all I did not expect this kind of reaction! I don't know what all these awards are, or what satoshis are but please don't use any money on rewarding me, please give to a charity or invest it back in yourself! Thanks to all! I have learned a lot in just 24 hours and have put $1,000 into BTC so I can join you on this ride!", 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/', 'mv1vlb', [['u/Buck_Musky', 212, '2021-04-21 00:27', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/gv9atb3/', 'An honest and wholesome post. Kudos sir.', 'mv1vlb'], ['u/Carbonatorfruit', 14, '2021-04-21 00:30', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/gv9b967/', 'Love it! Thanks for sharing!', 'mv1vlb'], ['u/Hefty-Sugar-7983', 10, '2021-04-21 01:06', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/gv9frmx/', 'I feel like you owe this person a 100 bucks bcuz u were wrong.', 'mv1vlb'], ['u/Glibrainbow1', 32, '2021-04-21 01:10', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/gv9galc/', 'It takes a big man to admit when he’s wrong. Respect bro 🤛', 'mv1vlb'], ['u/nutcase2019', 104, '2021-04-21 01:16', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/gv9h0kg/', '!lntip 1000\n\nLet the journey begin anew!!!', 'mv1vlb'], ['u/lntipbot', 13, '2021-04-21 01:16', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/gv9h1so/', 'Hi u/nutcase2019, thanks for tipping u/drwuzer **1000** satoshis!\n***\n*[^(More info)](https://www.reddit.com/r/lntipbot/wiki/index) ^| [^(Balance)](https://www.reddit.com/message/compose/?to=lntipbot&subject=balance&message=!balance) ^| [^(Deposit)](https://www.reddit.com/message/compose/?to=lntipbot&subject=deposit&message=!deposit 10000) ^| [^(Withdraw)](https://www.reddit.com/message/compose/?to=lntipbot&subject=withdraw&message=!withdraw put_invoice_here) ^| ^(Something wrong? Have a question?) [^(Send me a message)](https://www.reddit.com/message/compose/?to=drmoore718)*', 'mv1vlb'], ['u/BitcoinUser263895', 11, '2021-04-21 01:20', 'https://www.reddit.com/r/Bitcoin/comments/mv1vlb/i_feel_i_need_to_appologize/gv9hhzj/', '> LPT: to transfer money cheaply and regularly between countries open another bank account and send a family member the ATM card.\n\n"How to have all your money frozen by state authorities" lol', 'mv1vlb'], ['u/Clubtropper', 44, '2021-04-21 01:45', 'https:...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Quote To Start The Day:Big Brother is watching you.\nSource:George Orwell\nOne Big Thing In Fintech:Apart from supporting firms like Apple Inc, Alphabet Inc, and Microsoft Corporation, from their earliest stages, Nasdaq offers numerous other products and services, all of which increase market access and transparency for both institutions and retail participants.\nOne service is the Nasdaq Fund Network, or NFN, which collects and disseminates performance, NAV, valuation, and strategy-level reference data for over 35,000 investible products.\n“The goal of the Nasdaq Fund Network is to provide transparency and distribution for IRAs, asset managers, and both institutional and retail investors,” said Devin McCarthy, NFN managing director. “We work with the issuers of mutual funds, collective investment trusts, unit investment trusts, and we register those instruments and apply, whether it’s a five- or six-character ticker symbol, and then we publish that market data to over 400,000 different financial platforms.”\nSource:Benzinga\nOther Key Fintech Developments:\n• Welcome Techcloses$35M round.\n• Cathie Wood analysttalkingcrypto.\n• BMO haspartneredwith Hope Trust.\n• Telos hasbridgedto Binance’s BSC.\n• Coinbase iscommittingto innovation.\n• Okraraises$3.5M for fintech portal.\n• Apex Clearing CEO on dogetrading.\n• Fintech Revolut tohire300 for hub.\n• Austin Capitallaunchesfintech fund.\n• Bank of Queensland is goingdigital.\n• Archaxappointsnew head of sales.\n• KaruraintegratingChainlink’s feeds.\n• CMEaddsRefinitiv, IHS messaging.\n• Alto Solutionsraises$17M funding.\n• Neuravest ResearchintrosRefinery.\n• Deutsche Börse, BMPpartneredup.\n• What BitGo’s custodyinsuranceis.\n• Why VCs areinvestingin NFT tech.\n• AmpleforthlaunchesFORTH token.\n• Prometheumraisesproposed deal.\n• Digital Assetraises$120M Series D.\n• Welcome Techraisesfor ecosystem.\n• BornTec, CapitalMarkets.techteam.\n• Cloud9Techn, Glue42partneringup.\n• Plastiq, Billfirepartneron payments.\nWatch Out For This:The news cycle may have moved on from the Ever Given, but the Ever Given still hasn’t moved on from its holding spot in the Great Bitter Lake in the middle of the Suez Canal after almost a month. The crew still stuck on the ship is very concerned about this, as there seems to be no sign that an agreement will be reached between Egypt and the Ever Given’s owners any time soon. Until there is an agreement in place, the crew is stuck there, and they could be for years.\nSource:Jalopnik\nInteresting Reads:\n• Robinhoodmadetrading too easy?\n• Story: HSBC managers heart attack.\n• Virus resurgence ispressuringAsia.\n• Chicagomullingguaranteed income.\n• Nasdaq podcastunpackingtrends.\n• CMGsmashingearnings estimates.\nMarket Moving Headline:JPMorgan Chase & Co. strategists led by Nikolaos Panigirtzoglou noted that the last few times they witnessed such negative price action in Bitcoin, buyers returned in time to prevent deeper slumps. This time, they’re worried.\nIf the largest cryptocurrency isn’t able to break back above $60,000 soon, momentum signals will collapse, the strategists wrote in a note Tuesday. It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as the unwind in past days, they said.\n“Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar fashion to the middle of last February, middle of last January or the end of last November,” the strategists said. “Momentum signals will naturally decay from here for several months, given their still elevated level.”\nSource:Bloomberg\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Fintech Spotlight: Nasdaq Democratizes Information, Fuels On-Demand Finance Trend\n• Fintech Focus For April 21, 2021\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Fintech Header Quote To Start The Day: Big Brother is watching you. Source: George Orwell One Big Thing In Fintech: Apart from supporting firms like Apple Inc, Alphabet Inc, and Microsoft Corporation, from their earliest stages, Nasdaq offers numerous other products and services, all of which increase market access and transparency for both institutions and retail participants. One service is the Nasdaq Fund Network, or NFN, which collects and disseminates performance, NAV, valuation, and strategy-level reference data for over 35,000 investible products. “The goal of the Nasdaq Fund Network is to provide transparency and distribution for IRAs, asset managers, and both institutional and retail investors,” said Devin McCarthy, NFN managing director. “We work with the issuers of mutual funds, collective investment trusts, unit investment trusts, and we register those instruments and apply, whether it’s a five- or six-character ticker symbol, and then we publish that market data to over 400,000 different financial platforms.” Source: Benzinga Other Key Fintech Developments: Welcome Tech closes $35M round. Cathie Wood analyst talking crypto. BMO has partnered with Hope Trust. Telos has bridged to Binance’s BSC. Coinbase is committing to innovation. Okra raises $3.5M for fintech portal. Apex Clearing CEO on doge trading . Fintech Revolut to hire 300 for hub. Austin Capital launches fintech fund. Bank of Queensland is going digital . Archax appoints new head of sales. Karura integrating Chainlink’s feeds. CME adds Refinitiv, IHS messaging. Alto Solutions raises $17M funding. Neuravest Research intros Refinery. Deutsche Börse, BMP partnered up. What BitGo’s custody insurance is. Why VCs are investing in NFT tech. Ampleforth launches FORTH token. Prometheum raises proposed deal. Digital Asset raises $120M Series D. Welcome Tech raises for ecosystem. BornTec, CapitalMarkets.tech team . Cloud9Techn, Glue42 partnering up. Plastiq, Billfire partner on payments. Watch Out For This: The news cycle may have moved on from the Ever Given, but the Ever Given still hasn’t moved on from its holding spot in the Great Bitter Lake in the middle of the Suez Canal after almost a month. The crew still stuck on the ship is very concerned about this, as there seems to be no sign that an agreement will be reached between Egypt and the Ever Given’s owners any time soon. Until there is an agreement in place, the crew is stuck there, and they could be for years. Story continues Source: Jalopnik Interesting Reads: Robinhood made trading too easy? Story : HSBC managers heart attack. Virus resurgence is pressuring Asia. Chicago mulling guaranteed income. Nasdaq podcast unpacking trends. CMG smashing earnings estimates. Market Moving Headline: JPMorgan Chase & Co. strategists led by Nikolaos Panigirtzoglou noted that the last few times they witnessed such negative price action in Bitcoin, buyers returned in time to prevent deeper slumps. This time, they’re worried. If the largest cryptocurrency isn’t able to break back above $60,000 soon, momentum signals will collapse, the strategists wrote in a note Tuesday. It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as the unwind in past days, they said. “Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar fashion to the middle of last February, middle of last January or the end of last November,” the strategists said. “Momentum signals will naturally decay from here for several months, given their still elevated level.” Source: Bloomberg See more from Benzinga Click here for options trades from Benzinga Fintech Spotlight: Nasdaq Democratizes Information, Fuels On-Demand Finance Trend Fintech Focus For April 21, 2021 © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'VANCOUVER, BC / ACCESSWIRE / April 21, 2021 / Roadman Investments Corp. (TSXV:LITT)(OTC PINK:RMANF) ("Roadman" or the "Company") licensee A3Com Solutions Corp. ("A3Com") is pleased to announce that Super Algorithmic Token ("SATO") has been officially launched on April 16, 2021 managed by SwapAll platform and start to adopt to iCashRewards, a social e-commerce video marketing and reward platform. SATO is a next generation algorithmic stable coin. SATO relies on the invisible market forces of supply and demand to maintain its price stability. USD and collateral backed Stablecoins have various flaws and are not suited to the crypto ecosystem. USD backed Stablecoins rely on the broken monetary infrastructure of central banks to provide stability. As a result, the Stablecoin\'s stability is derived from the backed currency itself. Similarly, collateral backed Stablecoins use other Stablecoins with USD backed collateral. Thus, the underlying system is still reliant on the flaws of USD backed Stablecoins. SATO doesn\'t rely on any centralized fiat currency such as USD. It can maintain its price stability algorithmically via smart contracts. iCashRewards is very happy to reward SATO to its users for use of iCashRewards eCommerce shopping platform and services. iCashRewards is a web and mobile plug-in that gives online shoppers rewards in the form of cash back, SATO or USDT (Tether). iCashRewards welcomes global users to shop brand names like Microsoft, Canva, GoDaddy, Adidas, WIX, Shopify, Shoppers Drug Mart, DAVIDsTEA, Indigo, Booking.com , Groupon, Virbela, illy, Saks Fifths Avenue, Bloomingdales, Ledger, KeepKey, SwapAll, TEAsWAP, BakerySwap, iBOFi and over 200 brands through its portal www.iCashRewards.io . Furthermore, SATO can be applied to DeFi credit in the future. DeFi is a new class of financial applications that provides users with automated and transparent financial services, such as borrowing and lending, without the need for financial institutions. The most common application scenario is that users may deposit SATO as collateral and withdraw a certain typ
**Last 60 Days of Bitcoin's Closing Prices:**
[57539.95, 54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-04-22
**Financial & Commodity Data:**
- Gold Closing Price: $1781.20
- Crude Oil Closing Price: $61.43
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,000,164,744,469
- Hash Rate: 167634131.8030608
- Transaction Count: 274610.0
- Unique Addresses: 757844.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.65
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Dapper Labs booming digital collectibles platform, NBA Top Shot, just completed its most anticipated NFT release yet, selling 10,631 packs of basketball videos hashed to the Flow blockchain for a record $1.05 million in revenue. The projects latest pack drop, which at its peak had over 200,000 hopeful collectors waiting in line for what are essentially serialized National Basketball Association highlights, pushes total pack-generated revenue to $7.38 million for the 8-month-old NBA Top Shot, according to data crunched by CoinDesk. The secondary market for Top Shot pack moments is even bigger: Dapper Labs CEO Roham Gharegozlou said the platform has seen $50 million in transactions in the last 30 days. Some moments featuring top players have resold for six-figure sums . Related: Tether Allegedly Received Ransom Note Demanding 500 BTC I think were on track to be the fastest growing marketplace, Gharegozlou said Friday. Top Shot is quickly emerging as a breakthrough in the blockchain collectibles space. Though it has been around since June, the league-licensed project has gone off like a rocket in the past month as players pump the hype and mainstream collectors pile in. Indeed, the site has struggled mightily to keep up with surging demand. Dapper Labs delayed this latest pack drop at least two times and shut off new sign-ins in an attempt to get a handle on back-end operations, ward off bots and keep the site (which is still in beta) rolling relatively smoothly. The firm was only somewhat successful; Fridays drop experienced delays even after it began. NFT full-court press Related: Bitcoin Tumbles to $43K, Lowest in Three Weeks Theres no sign the NFT issuer is slowing down anytime soon. Built atop Dappers in-house Flow blockchain, the project has blasted into mainstream sports culture in recent weeks with NBA stars and owners like Mark Cuban calling Top Shots moments the next big thing. Story continues It has gotten to the point where players all but plead with the public for gifts of the digital sports cards. Other NBA stars invested directly in Dapper Labs in earlier rounds . The startup reportedly raised $250 million at a $2 billion valuation earlier this month. NBA Top Shot is leading an entire digital collectible ecosystem in a charge toward the normies. That it lives atop a walled blockchain powered by tokenomics is largely irrelevant to its swelling user base, who, unfazed by the decentralized backend, have signed up in droves. Notably, NBA Top Shot moments are making their first foray out of the Flow garden and onto the OpenSea marketplace among the many Ethereum-based NFTs. The FLOW token is what powers it all, but you dont need to know that in order to play NBA Top shot, Gharegozlou said during the pack drop livestream. Theres nothing about cryptocurrency. Its about basketball, and the crypto technology is simply what enables the software to exist. RELATED: Related Stories NBA Top Shot Overwhelmed by Demand in Record $1M Pack Drop NBA Top Shot Overwhelmed by Demand in Record $1M Pack Drop...
- Reddit Posts (Sample): [['u/Idonoteatass', 'It took a smack in the face to make me realize this is all real', 11, '2021-04-22 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/mvquhb/it_took_a_smack_in_the_face_to_make_me_realize/', 'I\'m not new to crypto, I even owned a whole bitcoin at one point. But I just realized last week how real crypto is and I\'m finally ready to talk about it.\n\nI used to own, and technically currently own, a whole bitcoin. But it\'s on a computer that\'s long gone and there is 0% chance of recovering it. So I never got too upset about "what could have been", its just been a fun story to tell.\n\nWell last year I decided to go and invest $100 in various crypto. I made 10% and left all my positions so I could spend that money on something, I dont even remember what.\n\nLast Friday, that $100 would have been worth over $10,000. Now $10,000 is not the moon, but it would have been the most amount of cash I\'ve had available in my life, if you don\'t count when I was on my way to do a wire transfer when buying a house.\n\n$10,000 also happens to be the amount of money I aim to have before I pursue my goal of starting my own machine shop. I\'ve wanted to do this for years now and I think it is my ticket to the life that I dream of, being able to work for myself and cut out the bossmans salary.\n\nBasically TLDR, I took a $10 profit in the short term at the cost of being able to open my own machine shop before I\'m 30. \n\nBut I\'ve learned from this, and I\'m going to be better this time. I\'ve started buying crypto again with a total initial investment of $1,000. I\'m 30% there right now and am getting super excited. I\'m hoping that with this investment and subsequent monthly investments, that I will be able to make that goal a reality again.\n\nPlease don\'t be like me. Hold through dips, don\'t take 10% profits, and have some God damn faith Arthur, we are going to Tahiti.', 'https://www.reddit.com/r/CryptoCurrency/comments/mvquhb/it_took_a_smack_in_the_face_to_make_me_realize/', 'mvquhb', [['u/Reasonable_Net_2351', 10, '2021-04-22 00:15', 'https://www.reddit.com/r/CryptoCurrency/comments/mvquhb/it_took_a_smack_in_the_face_to_make_me_realize/gvdl5hx/', 'Golden rule:\n\n*Only invest what you can afford to lose*\n\nThis will help you distance yourself from your money and become less emotional with your investments.', 'mvquhb']]], ['u/MyTorontoAccount', 'Trying to begin early (21 Years Old)', 43, '2021-04-22 00:32', 'https://www.reddit.com/r/ETFs/comments/mvr7q5/trying_to_begin_early_21_years_old/', 'I recently started investing this past February. I was wondering if someone can let me know if i’m on the right track with how my investments are looking. I’m looking at long term for the most part. Right now here is how it looks: \n\n- APPL (2 @ 133.50 USD)\n- COIN (4 @ 311.92 USD) \n- QQQ (3 @ 339.29 USD) \n- VOO (1 @ 382.50 USD) \n- VT (5 @ 101.25 USD) \n- VTI (4 @ 216.30 USD) \n\n- BTCC.B (106 @ 10.38 CAD) \n- ETHX.B (21 @ 11.14 CAD)', 'https://www.reddit.com/r/ETFs/comments/mvr7q5/trying_to_begin_early_21_years_old/', 'mvr7q5', [['u/meta_username', 38, '2021-04-22 01:13', 'https://www.reddit.com/r/ETFs/comments/mvr7q5/trying_to_begin_early_21_years_old/gvdscoz/', "Congrats on getting started! One thing to note is that there is a lot of overlap between several of the ETFs you have here. VOO is roughly 80% of VTI, and VTI in turn is nearly 60% of VT. One option is to consolidate all three into VT for one globally diversified ETF. A lot of people use VT or some combination of VTI (US equities) and VXUS (non-US equities) as the core (or even the entirety) of their portfolio with smaller allocations given to other things that you believe will outperform the broader market. Over the long-term though, it's hard to beat broad index funds like those even if other things can outperform in the short-term. \n\nBeyond that, I'd also just note that you also have a pretty large portion allocated to the crypto space between COIN, BTC, and ETH, so I'd just be sure to be aware of the risks of that since it is a lot more speculative.", 'mvr7q5'], ['u/Laakhesis', 17, '2021-04-22 02:44', 'https://www.reddit.com/r/ETFs/comments/mvr7q5/trying_to_begin_early_21_years_old/gve39yx/', 'Maybe structure it like this way, instead of shares.\n\n**60%** VTI/VT\n\n**30%** Individual Stocks/QQQ\n\n**10%** Crypto.', 'mvr7q5'], ['u/apooroldinvestor', 18, '2021-04-22 03:15', 'https://www.reddit.com/r/ETFs/comments/mvr7q5/trying_to_begin_early_21_years_old/gve6zfu/', "He doesn't need bonds. Bonds are for preserving attained wealth.", 'mvr7q5'], ['u/alphaapprox1137', 14, '2021-04-22 04:07', 'https://www.reddit.com/r/ETFs/comments/mvr7q5/trying_to_begin_early_21_years_old/gved4dg/', "I'd avoid Coinbase. It's going to go down before it goes up. My sense is that it's going to be another Snowflake. Straight bitcoin and ethereum would be better. I'd also recommend SMH for semiconductors.", 'mvr7q5']]], ['u/TheB1ackPrince', 'JPMorgan memo on Bitcoin that is going around', 53, '2021-04-22 00:45', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/', "Strategists at JPMorgan Chase & Co. are warning that if Bitcoin doesn't make a break back above $60,000 soon, momentum signals for the digital asset will collapse. The largest cryptocurrency is trading close to $55,000 this morning, still not having made a full recovery from Sunday's plunge. Despite the move lower in recent days, and competition for attention from meme coins, Bitcoin is up 90% year to date, and more than 700% from a year ago.", 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/', 'mvrgtp', [['u/Perringer', 74, '2021-04-22 00:49', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdpe7f/', '[JP Morgan are scum](https://www.dividend.com/dividend-education/a-brief-history-of-jp-morgans-massive-fines-jpm/) who will do anything to manipulate markets to their advantage.', 'mvrgtp'], ['u/Patient-Bend6273', 31, '2021-04-22 00:56', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdq73n/', 'This is very bullish. Always do the opposite of what " THEY" say.......', 'mvrgtp'], ['u/holyshithead', 27, '2021-04-22 01:13', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvds8wq/', "There was a time when a message like that would scare the crap out of me. But once you've had a peek behind the curtain it's really easy to see through the bullshit.", 'mvrgtp'], ['u/Mark_Bear', 10, '2021-04-22 01:17', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdsqls/', "The fact is, market timing has a nearly 100% failure rate in the long run. Yes, a few people get lucky. Most go broke. This is factual.\n\nMeanwhile, the long term average ROI for holding Bitcoin is about 100% per year. (Holding means no day trading, no trying to time the dips/peaks, aka, no selling.)\n\nMany of us here want you and others to enjoy the amazing 100% per year long term average ROI, compounded for years and years. We want you to hold your Bitcoins and grow fabulously rich as a result. We don't want you to gamble foolishly in a manner with a nearly 100% failure rate.", 'mvrgtp'], ['u/banjul_honcho', 84, '2021-04-22 01:17', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdsrb3/', "Jokes on them because I don't know what momentum signals are.", 'mvrgtp'], ['u/AlongMuskol', 18, '2021-04-22 01:22', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdte3u/', 'Fuck jp Morgan fucking crooks when have they ever gave a shit about anyone lol bunch of clowns', 'mvrgtp'], ['u/sonastyinc', 12, '2021-04-22 01:33', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdup13/', "What? It's been like 4 days. Lol.", 'mvrgtp'], ['u/danicingl0bster', 38, '2021-04-22 01:59', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdxvyd/', 'They are trying to manipulate people to sell so they can get cheap BTC for their clients.', 'mvrgtp'], ['u/Ozymandias-97', 27, '2021-04-22 02:00', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvdxzd3/', "Even if they're right, I DCA'd last bear market and I'm prepared to do it again.", 'mvrgtp'], ['u/ReasonHound', 46, '2021-04-22 03:11', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gve6he7/', '(Grabs crotch) I got their momentum signals right heeee', 'mvrgtp'], ['u/simplelifestyle', 11, '2021-04-22 04:49', 'https://www.reddit.com/r/Bitcoin/comments/mvrgtp/jpmorgan_memo_on_bitcoin_that_is_going_around/gvehrsk/', 'Yes, watch this 30 seconds video:\n\nhttps://www.youtube.com/watch?v=uMWe8DZkoQQ', 'mvrgtp']]], ['u/andrewhartanto', 'Breaking Down Scamcoins Tokenomics (SAFEMARS, SAFEELON, SAFEMOON)', 20, '2021-04-22 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/mvrnww/breaking_down_scamcoins_tokenomics_safemars/', 'SAFEMARS currently ranks 281 according to Coingecko with 1158% gain in the last 7D and a modest 20565.7% gain in the last 30D.\n\nTheir main selling point? Locking away 4% of every transaction where 2% of it goes to the owner of the tokens.\n\nOh and don\'t forget they burned the token supply right after release, What\'s the point of burning 50% of your token right after release?? why not just release with 50% less token? I am talking about Safemars btw, the more I read the more my head hurts.\n\nJust because a coin has a "SAFE" name on it doesn\'t make it safer than your 401k\n\none day, just for the giggles. I\'ll l create a coin with 1 trillion supply and I will burn 99% of it leaving me with only a measly 10 billion, it would be the hip...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 3.80% on Thursday. Following on from a 4.77% slide on Wednesday, Bitcoin ended the day at $51,735.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,525.0 before making a move. Bitcoin fell through the first major support level at $52,663 before rallying to a mid-day intraday high $55,500.0. Falling short of the first major resistance level at $55,844, Bitcoin slid to a late intraday low $50,575.0. The sell-off saw Bitcoin fall back through the first major support level at $52,663. Bitcoin also fell through the second major support level at $51,545. Coming within range of the 23.6% FIB of $50,473, Bitcoin revisited $52,200 levels before easing back. While breaking back through the second major support level, Bitcoin came up short of the first major support level. The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Thursday. Ethereum (+1.79%) and Polkadot (+1.45%) bucked the trend on the day once more. It was a bearish day for the rest of the majors. Ripple’s XRP slid by 10.53% to lead the way down Binance Coin (-7.22%), Bitcoin Cash SV (-6.67%), Cardano’s ADA (-4.97%), and Crypto.com Coin (-5.58%) also struggled. Chainlink (-3.43%) and Litecoin (-2.01%) saw relatively modest losses on the day. In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Thursday low $1,794bn. At the time of writing, the total market cap stood at $1,865. Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 51.63%. This Morning At the time of writing, Bitcoin was down by 0.14% to $51,665.0. A mixed start to the day saw Bitcoin rise to an early morning high $51,883.0 before falling to a low $51,321.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Crypto.com Coin was down by 9.45% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $52,603 to bring the first major resistance level at $54,632 into play. Support from the broader market would be needed for Bitcoin to break back through to $54,000 levels. Barring an extended crypto rally, the first major resistance level and resistance at $55,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,528. Failure to move through the $52,603 pivot would bring the 23.6% FIB of $50,473 and the first major support level at $49,707 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $47,678. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Daily Forecast – Resistance At 1.2500 Stays Strong Oil Price Fundamental Daily Forecast – Mixed Trade but Bearish News Outweighing Bullish News E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Weak Under 33651, Strong Over 33858 Homebuilder D.R. Horton Tops Q2 Earnings Estimates; Target Price $108 in Best Case Natural Gas Price Fundamental Daily Forecast – Main Trend Up; Strengthens Over $2.868, Weakens Under $2.802 Silver Price Forecast – Silver Markets Pull Back', 'Bitcoin, BTC to USD, fell by 3.80% on Thursday. Following on from a 4.77% slide on Wednesday, Bitcoin ended the day at $51,735.0.\nA mixed start to the day saw Bitcoin fall to an early morning low $52,525.0 before making a move.\nBitcoin fell through the first major support level at $52,663 before rallying to a mid-day intraday high $55,500.0.\nFalling short of the first major resistance level at $55,844, Bitcoin slid to a late intraday low $50,575.0.\nThe sell-off saw Bitcoin fall back through the first major support level at $52,663.\nBitcoin also fell through the second major support level at $51,545.\nComing within range of the 23.6% FIB of $50,473, Bitcoin revisited $52,200 levels before easing back.\nWhile breaking back through the second major support level, Bitcoin came up short of the first major support level.\nThe near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was another mixed day on Thursday.\nEthereum(+1.79%) and Polkadot (+1.45%) bucked the trend on the day once more.\nIt was a bearish day for the rest of the majors.\nRipple’s XRPslid by 10.53% to lead the way down\nBinance Coin(-7.22%),Bitcoin Cash SV(-6.67%),Cardano’s ADA(-4.97%), andCrypto.com Coin(-5.58%) also struggled.\nChainlink(-3.43%) andLitecoin(-2.01%) saw relatively modest losses on the day.\nIn the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Thursday low $1,794bn. At the time of writing, the total market cap stood at $1,865.\nBitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 51.63%.\nAt the time of writing, Bitcoin was down by 0.14% to $51,665.0. A mixed start to the day saw Bitcoin rise to an early morning high $51,883.0 before falling to a low $51,321.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bearish start to the day.\nAt the time of writing, Crypto.com Coin was down by 9.45% to lead the way down.\nBitcoin would need to move through the pivot level at $52,603 to bring the first major resistance level at $54,632 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $54,000 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $55,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,528.\nFailure to move through the $52,603 pivot would bring the 23.6% FIB of $50,473 and the first major support level at $49,707 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $47,678.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Daily Forecast – Resistance At 1.2500 Stays Strong\n• Oil Price Fundamental Daily Forecast – Mixed Trade but Bearish News Outweighing Bullish News\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Weak Under 33651, Strong Over 33858\n• Homebuilder D.R. Horton Tops Q2 Earnings Estimates; Target Price $108 in Best Case\n• Natural Gas Price Fundamental Daily Forecast – Main Trend Up; Strengthens Over $2.868, Weakens Under $2.802\n• Silver Price Forecast – Silver Markets Pull Back', 'By David Henry NEW YORK (Reuters) - The dollar fell against major currencies on Friday as U.S. yields languished and the euro got an extra late-day lift following a earlier boost from an upbeat survey of purchasing managers. The dollar index fell 0.5% to 90.8080, a level not seen since early March, after the euro climbed 0.7% to $1.2098, pushing through its earlier high for the week. More than half of the euro\'s appreciation came late in the day after the market digested earlier economic news. "This is thin markets on a Friday afternoon," said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. "The euro making new highs for the week late in the day suggests it is going to have momentum into next week." The exaggerated move came after the markets saw a European purchasing managers\' index for April come in better than expected, supporting the view that the region\'s economic recovery is accelerating and won\'t keep lagging so far behind the U.S. recovery. A similar U.S. survey showed factory activity powered ahead in April. Another report said new home sales in the United States jumped 21% in March. Both affirmed that the economy was being lifted by government stimulus and increased vaccinations against the coronavirus. The U.S. survey results were tempered by manufacturers reporting increased struggles to get raw materials and other supplies for production. Yields on 10-year U.S. Treasuries traded in a narrow range through the news and were at 1.56% late in the day, about four basis points lower than at the start of the week. Until the late-day boost to the euro, Chandler said Friday\'s major currency markets were largely "a continuation of what we have seen since the beginning of the month," with the dollar losing much that it had gained earlier in the year as yields climbed to 1.75% on March 31. "The dollar had a very strong first quarter and the market is still unwinding that," Chandler said. Story continues The dollar in the first quarter gained 3.6% but it has lost about 2.6% so far in April. Markets now are looking toward next week\'s meeting of the U.S. Federal Reserve Open Market Committee to review monetary policy and the economy. Fed Chair Jerome Powell is expected to echo Thursday\'s message from European Central Bank President Christine Lagarde that scaled back some expectations for a withdrawal of monetary easing. Powell\'s remarks could put more downward pressure on Treasury yields and limit any bounce of the dollar. Auctions of U.S. Treasuries next week are not likely to be big factor, Shaun Osborne, chief currency strategist at Scotiabank told the Reuters Global Markets forum on Friday. "There still appears to be good demand for Treasury product," Osborne said. "The FOMC will likely be the highlight of a busy data week for the U.S.," Osborne said. Overall, he expects that "low yields, low volatility plus strengthening global growt
**Last 60 Days of Bitcoin's Closing Prices:**
[54207.32, 48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-23
**Financial & Commodity Data:**
- Gold Closing Price: $1777.00
- Crude Oil Closing Price: $62.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $950,765,760,772
- Hash Rate: 158255998.5553371
- Transaction Count: 295731.0
- Unique Addresses: 794322.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: In old gaming arcades there used to be two fighting games competing for attention. One was Street Fighter, and the other Mortal Kombat. You could choose which one to play, but once you picked a console, you didn’t get to use characters from one to battle in the other.
I am reminded of this every time I end up in a Bitcoin debate.
Brett Scottis the author of “The Heretic’s Guide to Global Finance.” His forthcoming book on the war on cash and the dynamics of digital money systems will be published in 2022 by Penguin Random House and HarperCollins.
Related:Bottlepay, a Payments Startup That Lets You Send Bitcoin on Social Media, Raises $11M
I’ve become a Bitcoin critic, and when the price rises, I often find myself drawn into depressing skirmishes with crypto evangelists. They’re depressing because my opponents refuse to pick a game in the arcade.
Some Bitcoin enthusiasts are not aware they are doing this, but others are. They are presenting themselves as playing a game, but in reality it’s one that doesn’t even exist, and they are misinforming a generation of idealistic young people in the process. Let me explain and tell you why this really matters.
Imagine Bitcoin was originally a character in a game called Money Wars, but due to some dispute there’s now a breakaway game called Titans of Trading, which also features Bitcoin.
In Money Wars, Bitcoin is cast as a form of money fighting the forces of fiat currency.Will it triumph against the nefarious Federal Reserve boss-man!
Related:Fed's Powell Offers Bitcoin Bulls Glimmer of Hope as Price Drops to $45K
See also:Money Reimagined: Tucker Carlson Is Right About Financial Privacy
In Titans of Trading, Bitcoin is cast not as money, but rather as a rising star in the investment asset market, competing against other assets.Will it beat the dollar returns of the stock market!
In both games, you can choose to play as Bitcoin, or – alternatively – as a fighter who’s antagonistic or dismissive towards Bitcoin. For example, my (anti-Bitcoin) character in Money Wars might fight the Fed boss-man, but also think Bitcoin is a distracting annoyance they need to get through first.
Thus, in Money Wars I might try to uppercut your Bitcoin character by critiquing its deeply conservative monetary ideology. I approach, saying,“Imagine a world in which Bitcoin is money, and everyone requires it to access goods and services.”
Then I crouch low for the attack, and say:“Many people in this world need loans to buy houses or start small businesses, but because Bitcoin’s supply is so constrained, its power rises faster than the borrowers can make the income necessary for repayment. The amount of stuff they need to sell to repay a 10 BTC loan gets higher and higher every month.”
Then I unleash the uppercut with“this leaves the borrowers in ever deeper debt servitude. As money, Bitcoin would be like a form of strangulation that keeps creditors in the system in power!”
Hadouken!
In Money Wars, the Bitcoin character might block and counterstrike by showcasing the evils of hyperinflation, but in Titans of Trading, the characters change, and so must the critique and defense combos. Here the Bitcoin character is an asset on a monetary market, and I might launch a simple jab by saying “Bitcoin is just a blank digital object held in sophisticated decentralized scaffolding. You’re just pumping it for fickle dollar gains. Why not just buy shares, which are actually anchored into the real economy?!”
Again, you can block and counter-strike by telling me how spectacular the dollar gains are, and how they’ve empowered the early holders. If you’re skilled, you might even make a sophisticated countermove, arguing that due to its movability and dollar price, the object has use for forms of barter-likecountertrade. This game is fun, because we agree that your Bitcoin character is anobject in a market, rather thanthe money that underpins a market.
It turns out that expecting to play the same game is wishful thinking, because the dominant mode of attack from crypto evangelists is the equivalent of using Mortal Kombat’s Raiden to launch lightning bolts against Street Fighter’s Ryu. They use strengths from theirTitanscharacter against weaknesses in a Money Wars opponent.
It’s typical for Bitcoiners to whinge about inflation (Money Wars), before using Bitcoin’s rising price (Titans) to argue for why it’s a “deflationary currency” (Money Wars), that will be a great savings vehicle (Titans) to empower the unbanked (Money Wars).
OMG, where to start. It’s either an appreciating asset priced in dollars (Titans) or it’s a deflationary currency used to price everything (Money Wars). Pick a game!
Of course, it’s possible that you’ve entered the arcade in a confused state, and are not aware that Money Wars and Titans are different. After all, they feature one common character. Can’t you just combine that character’s powers from both games?
No. The games are contained in separate consoles. The common character cannot jump out of one screen and into the other.
Crypto evangelists cannot recognize the difference between an appreciating asset and a deflationary currency. Why is this?
Well, to clearly see the difference in games, we need to accept thatmonetary systems underpin market systems, but many people – often under the influence of standard economics – believemarket systems underpin monetary systems. If you have this tendency to see money as a “good on a market,” it will become very easy for you to collapse the distinction between money and superficially “money-like” things priced in money.
See also: Emily Parker –Why We Should Take Dogecoin Seriously
We don’t generally make this mistake in a supermarket. Despite the fact that the goods we see there are extremely diverse, they all carry the same $ symbol on their prices. We thus find it easy to distinguish between money and “all the things in the supermarket.” But if a movable digital object like Bitcoin appears before you with a dollar price, you are susceptible to placing it in some hybrid category. Because of its branding as a “coin,” you are now prone to simultaneously seeing it as “money” (even though there’s not one country in the world that has supermarkets with BTC pricing in them) and “thing priced in money.”
This is why the Bitcoin debates get so absurd. Fully grown adults are arguing that in future all goods will have BTC symbols, but in the meantime they’ll hand over dollars to someone to get it. This is how you simultaneously play Money Wars – in which all goods route through Bitcoin – and Titans, in which Bitcoin gets routed through the dollar system like an item in a supermarket.
For those of you who have been doing this, you can take consolation that a character in Titans might indeed offer forms of protection against a boss-man in Money Wars, but only if you realize that many other Titans characters can, too. Just like you can buy up farmland or rare postage stamps to escape inflation, you can buy Bitcoin to do the same.
Bitcoin is not “fighting” the U.S. dollar though. It’s fighting rare postage stamps for investment dollars, with the side effect that this might create an inflation hedge. This form of inflation hedging, in which you exit money and then re-enter it at a later date, is profoundly different to keeping a form of “deflationary” money that gets ever-more powerful relative to the goods that are routed through it.
Let’s now turn to the darkest reason for this refusal to pick a game. All the rhetoric about an anti-inflationary money system that we find in Money Wars is really a fakemarketing layerfor Bitcoin, and is used by its promoters to get attention to help them in their true game, which is Titans.
These promoters are the worst. Bitcoin is really just an asset that fights other assets, but they cynically package it with a messianic backstory about how it’s actually fighting the dollar. They keep bigging up this old story, because it makes the crowd cheer. But then Bitcoin gets into the ring and starts competing against shares (like GameStop) for investment dollars.
Right now Bitcoin language is like a scramble zone full of chaff designed to disorientate actual debate
It’s cunning, but cowardly, because every time someone tries to critique one of these promoters, they can switch games to “counter” any attack. I’m in Street Fighter about to uppercut them, but they disappear, reappear in Mortal Kombat, body-slam an unmanned opponent over there, and then reappear waving a victory flag.
They are deliberately spreading a mind-virus, one in which you can defeat the evil fiat boss-man whilst simultaneously raving about your dollar gains. Right now Bitcoin language is like a scramble zone full ofchaffdesigned to disorientate actual debate, and far from this being an interesting zone of ambiguity where new realities can emerge, it’s a boring technique ofequivocation,in which imprecise language is used to present one thing as another. Unfortunately, this is becoming so common that it’s disorientating a generation of young people, who are failing to learn to Street Fight.
• How to Win a Bitcoin Street Fight (Without Mortal Combat)
• How to Win a Bitcoin Street Fight (Without Mortal Combat)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["In this article we will take a look at the 15 best cryptocurrency trading platforms in 2021. You can skip our detailed analysis of the crypto industry’s outlook for 2021 and go directly to 5 Best Cryptocurrency Trading Platforms in 2021 . It now seems more than evident that cryptocurrencies have a bright future as banks, institutional investors, hedge funds and broader markets continue to turn bullish on the digital currency which was once looked at with skepticism. As of 2021, there are around 4,000 existing cryptocurrencies in the digital infrastructure, a drastic increase in the number from a smattering of digital coins in 2013. Despite many fears and uncertainty regarding cryptocurrencies initially, it has become a global sensation, attracting many traders worldwide. In the U.S, the percentage of crypto owners has reached 10%, whereas, in Britain, 13.5% of people own cryptocurrencies. Moreover, the crypto market cap tops $2 trillion, out of which Bitcoin accounts for 50% and remains the powerhouse of the cryptocurrency market. The numbers tell us that the future of cryptocurrencies is bright and holds a lot of potential for further growth. Even during the pandemic in 2020, the value of Bitcoin surged because of unexpected prospects of the job industry. People started investing in cryptocurrencies by focusing on their future value. The Dramatic Rise of Bitcoin The rise in the price and demand of cryptocurrencies today can be attributed to institutional support. Many publicly traded companies are now holding crypto, especially Bitcoin, to enhance business opportunities. MicroStrategy Incorporated (NASDAQ: MSTR ) owns approximately 90,859 acquired for $2.19 billion. Also, Square, Inc. (NYSE: SQ ) has recently invested $170 million in Bitcoin and now owns around 8,027 Bitcoins worth $400 million. Tesla, Inc. (NASDAQ: TSLA ) customers can buy their cars using bitcoins. The announcement was made when the company chief, Elon Musk, announced the whopping purchase of $1.5 billion worth of Bitcoin. Square (NYSE:SQ) is one of the many companies that knew the importance of cryptocurrencies ever since their inception. Its mobile payment service, Cash App, facilitates the users to buy and sell bitcoin from available Cash App balance. Both Square Inc (SQ) and Tesla (TSLA) are among Cathie Wood's top stock picks . Moreover, Paypal Holdings, Inc. (NASDAQ: PYPL ) has recently announced that customers in the U.S. can pay with Bitcoin, Litecoin, and Ethereum. The new option, ‘Checkout With Crypto,’ allows converting cryptocurrencies to U.S. dollars without any transactional fee. PayPal (NASDAQ:PYPL) already enables users to buy and sell cryptocurrencies from their accounts. Other than these, Galaxy Digital Holdings Ltd. (TSE: GLXY ) has about 16,400 bitcoins worth $569 million. With this trend, the need emerged for crypto trading platforms, which basically carry out the trading of digital currencies and are responsible for cryptocurrency sales’ value and price. These cryptocurrencies can be traded for other assets like digital and fiat money. The trading platforms make money through transaction fees and are intermediaries between the buyer and the seller. The trading platforms are divided into centralized and decentralized exchanges. Centralized exchanges (CEX) involve the third party which controls the account to carry out a trade. In contrast, decentralized exchanges (DEX) do not require any central authority, and they enable peer-to-peer trade, bringing buyers and sellers together. In a recent phenomenon, decentralized finance (DeFi) has grown because of greater transparency, security, and accessibility. Moreover, they also offer lower transaction fees to the traders. With this context and industry outlook in mind, let’s start our list of the 15 best cryptocurrency trading platforms in 2021. The is based on the number of supported coins, security, fee structure, and payment methods. Best Cryptocurrency Trading Platforms in 2021 Photo by Austin Distel on Unsplash Best Cryptocurrency Trading Platforms in 2021 15. BitStamp Cryptocurrencies: 5+ Payment Methods: Credit/Debit Card, Wire Transfer, SEPA BitStamp was founded in 2011, which makes it one of the oldest crypto trading platforms. Though BitStamp offers easy signup, the extensive Know Your Customer (KYC) process makes the exchange a little user-hostile than others. However, its lower transaction fee makes it a competitive business in the market. It charges 0.05% and 0.1% for international deposits and transfers, respectively. The exchange’s security was brought into question after the hack of 2015, which is now revamped by two-factor authentication and Multi-Sig wallets . The platform has been serving over 4 million customers globally. 14. Coinmama Cryptocurrencies: 10 Payment Methods: Wire Transfer, Debit/Credit Card Coinmama is a financial service from Israel and came into being in 2013. The platform is best suitable for beginners because of its user-friendly approach. Customers can buy cryptocurrencies with fiat money, or they can also sell Bitcoin on the site. Coinmama charges a fee of 5.5% with an additional 5% charge while using a debit/credit card. However, the site has a Coinmama Loyalty Program that offers a reduction in fees depending upon the platform's usage. 13. KuCoin Cryptocurrencies: 10 Payment Methods: Bank Transfer, Debit/Credit Card, Wire Transfer A Hong Kong-based exchange, KuCoin is relatively new in the market but is considered as a highly safe platform. It offers two-factor authentication to its users, and its Safeguard Program is focused on protecting those affected by security incidents. KuCoin charges 0.1% trading fees from its customers. Its native coin, KuCoin Shares (KCS) , allows the users to get discounted trading rates along with many rewards. Moreover, 50% of the daily revenue of the exchange is paid out to the KCS holders as per the number of shares they hold. KuCoin is fast and straightforward with a trouble-free signup process. 12. Cex.io Cryptocurrencies: 25+ Payment Methods: Bank Transfer, Credit Card Founded by Oleksandr Lutskevych, Cex.io marked its entry into the market in 2013. The platform is one of the most secure exchanges as it is registered as a Money Service Business MSB with the Financial Crimes Enforcement Network (FinCEN) in the U.S. it has around 4 million registered users worldwide and operates in over 170 countries . Initially, Cex.io only offered cloud mining services, but then it became the online exchange platform. It provides a wide range of cryptocurrencies, including the crypto giants like Bitcoin, Ripple, Ethereum, which are to be traded for USD, GBP, RUB, and EUR. One thing that makes Cex.io distinctive from its counterparts is the easy payment method. It also promises the direct and instant withdrawal of funds to a bank account or card. Cex.io also offers margin trading based on Contracts for Difference (CFDs)- a difference in settlement price between the opening and closing trades. This leverage makes the exchange equally suitable for both amateurs and advanced traders. 11. Gemini Cryptocurrencies: 30+ Payment Methods: Bank Account and Wire Transfer Gemini was founded in 2014 by Tyler and Cameron Winklevoss. The platform supports around 33 cryptocurrencies along with a wide range of trading pairs . In 2020, Gemini achieved a new milestone by launching an insurance company for the cryptocurrencies stored in their exchange wallet. The company has a tiered payment system. The fee for transfers up to $200 ranges from $0.99 to $2.99, and above this will cost 1.49% of the transfer value. Gemini offers solid security measures through hardware security modules (HSMs), hot and cold storage, and encryption for securing users’ data. In 2018, Gemini launched its very own Gemini Dollar (GUSD), an ERC20 token built through the Ethereum network. According to the founder brothers, GUSD will bring the traditional finance and crypto industry close. As of 2021, Gemini is licensed to do business in around 49 U.S. states. 10. Changelly Cryptocurrencies: 160+ Payment Methods: Credit/Debit Card, Crypto, Bank Transfer Changelly is one of the fastest and most straightforward crypto exchanges. It was founded by Konstantine Gladych in 2013 in Prague, Czech Republic. The platform offers a broad range of coins with a breakneck transaction speed when used through the mobile app and desktop. Changelly has a user-friendly interface; users’ personal information is not a requisite for making an account. It has recently introduced three fiat currencies- USD, GBP, and EUR. The users can make payments through Visa and Mastercard or debit cards. For crypto-to-fiat transactions, Changelly charges a fee of 5%, which doesn’t make it much convenient and adaptable. However, it is best for crypto-to-crypto trade with a 0.25% fee. At present, Changelly has over 2 million customers spread around 30 countries. 9. Crypto.com Exchange Cryptocurrencies: 55+ Payment Methods: Crypto, Wire Transfers, Credit/Debit Card. As the name suggests, Crypto.com Exchange is a go-to crypto trading platform with around 1 million users worldwide. The main aim of the exchange was to introduce a crypto credit card for more crypto adoption. It is one of the most secure exchanges with 100% of funds stored in cold storage and two levels of verification: basic and advanced. The advanced verified customers come with definite perks like unlimited deposits and a high withdrawal limit of 100 BTC. The exchange also has a native token, CRO. Their maker and taker fees start from 0.2%, but staking the CRO tokens can offer a 20% return of investment (ROI). 8. BitMex Cryptocurrencies: 5+ Payment Methods: Crypto This trading platform was established in 2014 in Hong Kong and is currently based in Seychelles. Though mainly the Bitcoin exchange, BitMex also deals with other cryptocurrencies, including Ethereum, Litecoin, Bitcoin Cash, etc. It offers low trading fees, which vary depending on
**Last 60 Days of Bitcoin's Closing Prices:**
[48824.43, 49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-24
**Financial & Commodity Data:**
- Gold Closing Price: $1777.00
- Crude Oil Closing Price: $62.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $946,851,547,875
- Hash Rate: 169978665.11499172
- Transaction Count: 290690.0
- Unique Addresses: 695216.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.37
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Photograph: Kin Cheung/AP Its not just the value of bitcoin that has soared in the last year so has the huge amount of energy it consumes. The cryptocurrencys value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic rise, climbing to the equivalent to the annual carbon footprint of Argentina, according to Cambridge Bitcoin Electricity Consumption Index , a tool from researchers at Cambridge University that measures the currencys energy use. Recent interest from major Wall Street institutions like JPMorgan and Goldman Sachs probably culminated in the currencys rise in value and an endorsement by Teslas Elon Musk helped drive its recent high as investors bet the cryptocurrency will become more widely embraced in the near future. interactive While the recent fall has dented Musks fortune , bitcoin also poses a threat to the companys mission toward a zero-emission future and poses serious questions for governments and corporations looking to curb their own carbon footprints. Bitcoin mining the process in which a bitcoin is awarded to a computer that solves a complex series of algorithms is a deeply energy-intensive process. Mining bitcoin involves solving complex math problems in order to create new bitcoins. Miners are rewarded in bitcoin. Earlier in bitcoins relatively short history the currency was created in 2009 one could mine bitcoin on an average computer. But the way bitcoin mining has been set up by its creator (or creators no one really knows for sure who created it) is that there is a finite number of bitcoins that can be mined: 21m. The more bitcoin that is mined, the harder the algorithms that must be solved to get a bitcoin become. Now that over 18.5m bitcoin have been mined, the average computer can no longer mine bitcoins. Instead, mining now requires special computer equipment that can handle the intense processing power needed to get bitcoin today. And, of course, these special computers need a lot of electricity to run. Story continues The amount of electricity used to mine bitcoin has historically been more than [electricity used by] entire countries, like Ireland, said Benjamin Jones, a professor of economics at the University of New Mexico who has researched bitcoins environmental impact. Were talking about multiple terawatts, dozens of terawatts a year of electricity being used just for bitcoin
Thats a lot of electricity. Proponents of bitcoin say that mining is increasingly being done with electricity from renewable sources as that type of energy becomes cheaper, and the energy used is far lower than that of other, more wasteful, uses of power. The energy wasted by plugged-in but inactive home devices in the US alone could power bitcoin mining for 1.8 years, according to the Cambridge Bitcoin Electricity Consumption Index. But environmentalists say that mining is still a cause for concern particularly because miners will go wherever electricity is cheapest and that may mean places that use coal. According to Cambridge, China has the most bitcoin mining of any country by far. While the country has been slowly moving toward renewable energy, about two-thirds of its electricity comes from coal . Since there is no government body or organization that officially tracks where bitcoin is being mined and what type of electricity miners are using, there is no way of knowing whether miners are using electricity that is fueled by renewable energy or fossil fuels. Mining rigs can move from place to place depending on where energy is cheapest, which makes mining particularly hard to track. The places where you mine [bitcoin] can be moved around and, in some cases, you dont even know where they are, said Camilo Mora, a professor of geography and environment at the University of Hawaii. Cambridges Centre for Alternative Finances estimates that bitcoins annualised electricity consumption hovers just above 115 terawatt-hours (TWh) while Digiconomists closely tracked index puts it closer to 80 TWh. A single transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube, according to the site. A paper from 2018 from the Oak Ridge Institute in Ohio found that one dollars worth of bitcoin took 17 megajoules of energy, more than double the amount of energy it took to mine one dollars worth of copper, gold and platinum. Another study from the UK published last year said that computer power required to mine Bitcoin quadrupled in 2019 compared with the year before, and that mining has had an influence in prices in some power and utility markets. Bitcoins advocates have made it clear that they believe any environmental costs that come with mining bitcoin are worth the broader impacts it could have on society. Bitcoin would not be able to fulfill its role as a secure, global value transfer and storage system without being costly to maintain, reads a defense against bitcoin criticism from Ria Bhutoria, director of research at Fidelity Digital Assets. Computers and smartphones have much larger carbon footprints than typewriters and telegraphs. Sometimes a technology is so revolutionary and important for humanity that society accepts the tradeoffs, wrote investor Tyler Winklevoss on Twitter. Some have pointed out that there does not have to be a tradeoff between cryptocurrency and the environment. The creators of ethereum, considered the second most popular type of cryptocurrency after bitcoin, have promised to change the currencys algorithm to make its mining more environmentally friendly. Vitalik Buterin, the computer scientist who invited ethereum, told IEEE Spectrum that mining cryptocurrency can be a huge waste of resources, even if you dont believe that pollution and carbon dioxide are an issue, Buterin said. There are real consumers real people whose need for electricity is being displaced by this stuff. Currently, ethereums mining works similarly to bitcoin where the most powerful computers have an edge in getting the most bitcoin as computers compete to complete a transaction first. Ethereums developers are working on changing that system so that miners enter a pool and are randomly selected to complete the transaction and receive an ether in return. This method, called proof-of-stake, guarantees that less electricity will be used to mine the currency. But with bitcoin still reigning as the top cryptocurrency and, with endorsements from established companies and investment banks, the currencys environmental impact is only likely to grow. When it comes to electricity, the computer doesnt care. The computer is just getting the electricity to run, but where its electricity comes from makes a huge difference [for the environment], said Mora....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 1.91% on Saturday. Following on from a 1.17% decline on Friday, Bitcoin ended the day at $50,161.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $51,201.0 before hitting reverse. Falling short of the first major resistance level at $52,993, Bitcoin fell to a late morning intraday low $48,852.0. While steering clear of the first major support level at $48,422, Bitcoin fell back through the 23.6% FIB of $50,473. Finding late morning support, however, Bitcoin broke back through the 23.6% FIB to revisit $51,000 levels before easing back. A bearish end to the day saw Bitcoin fall back through the 23.6% FIB to end the day at sub-$50,200 levels. The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Crypto.com Coin rose by 2.70% to buck the trend on the day. It was a bearish start for the rest of the majors, however. Chainlink and Ripple’s XRP slid by 11.06% and by 10.17% respectively to lead the way down. Binance Coin (-5.68%), Bitcoin Cash SV (-5.21%), Cardano’s ADA (-4.66%), Ethereum (-6.47%), Litecoin (-6.77%), and Polkadot (-8.32%) also struggled. In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn. At the time of writing, the total market cap stood at $1,787. Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 52.25%. This Morning At the time of writing, Bitcoin was up by 0.15% to $50,238.0. A mixed start to the day saw Bitcoin fall to an early morning low $5,0005.0 before rising to a high $50,273.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Polkadot was up by 0.25% at the turn of the day to buck the trend. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 3.22% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid the $50,071 pivot to bring the 23.6% FIB of $50,473 and the first major resistance level at $51,291 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $51,201.0. Barring an extended crypto rally, the first major resistance level and Saturday’s high would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback. The second major resistance level sits at $52,420. Failure to avoid a fall through the $50,071 pivot would bring the first major support level at $48,942 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level at $47,722 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Continues to Struggle PCE Versus CPI: Which One Will Sway the Fed’s Outlook on Inflation? European Equities: A Week in Review – 23/04/21 Asia-Pacific Shares Mostly Higher; Japanese Stocks Fall on COVID-Related Lockdown Fears Silver Weekly Price Forecast – Silver Gives Up Early Gains Crude Oil Price Update – Could Strengthen Over $62.29, Weaken Under $60.83', 'Bitcoin, BTC to USD, fell by 1.91% on Saturday. Following on from a 1.17% decline on Friday, Bitcoin ended the day at $50,161.0.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $51,201.0 before hitting reverse.\nFalling short of the first major resistance level at $52,993, Bitcoin fell to a late morning intraday low $48,852.0.\nWhile steering clear of the first major support level at $48,422, Bitcoin fell back through the 23.6% FIB of $50,473.\nFinding late morning support, however, Bitcoin broke back through the 23.6% FIB to revisit $51,000 levels before easing back.\nA bearish end to the day saw Bitcoin fall back through the 23.6% FIB to end the day at sub-$50,200 levels.\nThe near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nCrypto.com Coinrose by 2.70% to buck the trend on the day.\nIt was a bearish start for the rest of the majors, however.\nChainlinkandRipple’s XRPslid by 11.06% and by 10.17% respectively to lead the way down.\nBinance Coin(-5.68%),Bitcoin Cash SV(-5.21%),Cardano’s ADA(-4.66%),Ethereum(-6.47%),Litecoin(-6.77%), and Polkadot (-8.32%) also struggled.\nIn the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn. At the time of writing, the total market cap stood at $1,787.\nBitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 52.25%.\nAt the time of writing, Bitcoin was up by 0.15% to $50,238.0. A mixed start to the day saw Bitcoin fall to an early morning low $5,0005.0 before rising to a high $50,273.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nPolkadot was up by 0.25% at the turn of the day to buck the trend.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was down by 3.22% to lead the way down.\nBitcoin would need to avoid the $50,071 pivot to bring the 23.6% FIB of $50,473 and the first major resistance level at $51,291 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Saturday’s high $51,201.0.\nBarring an extended crypto rally, the first major resistance level and Saturday’s high would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback. The second major resistance level sits at $52,420.\nFailure to avoid a fall through the $50,071 pivot would bring the first major support level at $48,942 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level at $47,722 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Weekly Price Forecast – Crude Oil Continues to Struggle\n• PCE Versus CPI: Which One Will Sway the Fed’s Outlook on Inflation?\n• European Equities: A Week in Review – 23/04/21\n• Asia-Pacific Shares Mostly Higher; Japanese Stocks Fall on COVID-Related Lockdown Fears\n• Silver Weekly Price Forecast – Silver Gives Up Early Gains\n• Crude Oil Price Update – Could Strengthen Over $62.29, Weaken Under $60.83', 'NEW YORK, April 24, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Ebang International Holdings Inc. (“Ebang” or the “Company”)(NASDAQ: EBON) and certain of its officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 21-cv-09859, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Ebang securities between June 26, 2020 and April 5, 2021, inclusive (the “Class Period”). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the “Exchange Act”).\nIf you are a shareholder who purchased Ebang securities during the Class Period, you have until June 7, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained atwww.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby [email protected] 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.\n[Click here for information about joining the class action]\nEbang purports to be a leading application-specific integrated circuit (“ASIC”) chip design company and a leading manufacturer of Bitcoin mining machines.\nThe complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) that the proceeds from Ebang’s public offerings had been directed to an low yield, long term bonds to an underwriter and to related parties rather than used to develop the Company’s operations; (2) that Ebang’s sales were declining and the Company had inflated reported sales, including through the sale of defective units; (3) that Ebang’s attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures; (4) that Ebang’s purported cryptocurrency exchange was merely the purchase of an out-of-the-box crypto exchange; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.\nOn April 6, 2021, before the market opened, Hindenburg Research published a report alleging, among other things, that Ebang is directing proceeds from its IPO last year into a “series of opaque deals with insiders and questionable counterparties.” According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go “primarily for development,” and that instead the funds were directed to repay related-party loans to a relative of the Ebang’s Chief Executive Officer, Dong Hu. The report also noted that Ebang’s earlier efforts to go public on the Hong Kong Stock Exchange had failed due to widespread media coverage of a sales inflation scheme w
**Last 60 Days of Bitcoin's Closing Prices:**
[49705.33, 47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-04-25
**Financial & Commodity Data:**
- Gold Closing Price: $1777.00
- Crude Oil Closing Price: $62.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $943,422,980,553
- Hash Rate: 165289598.49112985
- Transaction Count: 241041.0
- Unique Addresses: 585806.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.31
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The near two-fold rise in bitcoin ( BTC ) over the past year has rewarded long-term holders ( HODLers ) who are still in the accumulation phase. This suggests that, following bitcoins break to an all-time high above $63,000, bullish activity is just getting started. BTC is roughly 3% lower at the time of writing after reaching an all-time high around $64,800. But despite short-term profit taking, the long-term uptrend is intact. It is likely that the coins purchased by institutions in late 2020 and early 2021 are starting to mature, according to a recent report by Glassnode , a cryptocurrency analytics firm. The HODLer Position Change metric is trending higher and if these institutional buyers did HODL, it is likely to continue in this trajectory over the coming months. Glassnodes coin years destroyed (CYD) metrics track the number of days represented by each hodling streak within a 365-day period before that streak ends or is destroyed. CYD is currently trending higher at a level like the 2013 BTC price top, but still well below the 2017 top. Given the bitcoin network is older, and coins in supply have had more time to accumulate, if many HODLers were spending their coins, we would expect a relatively large CYD reading. In general, HODLers are not spending their old bitcoin, which suggests the current bull market still has legs. Related: BTIG Initiates Coinbase Coverage With $500 Price Target Macroeconomic factors could be a driving force for long-term bitcoin holdings. Many investors see bitcoin as a hedge against inflation and continued dollar debasement. And the search for yield could encourage greater flows into bitcoin. We could see flows out of fixed income and into cryptocurrencies as rates rise, said Mati Greenspan, founder of Quantum Economics, a market analysis and advisory firm, during an interview with CoinDesk. This could usher in a new generation of HODLers seeking high-yield potential. Related Stories Bitcoin Uptrend Intact as HODLers Seem Less Tempted to Sell Bitcoin Uptrend Intact as HODLers Seem Less Tempted to Sell Bitcoin Uptrend Intact as HODLers Seem Less Tempted to Sell...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Matt Scuffham\nNEW YORK (Reuters) - Global stock markets made moderate gains on Monday as increasing confidence about a rapid recovery of economies from the COVID-19 pandemic offset concerns about the speed of the market\'s rally.\nThe start to the week was quiet as investors refrained from taking on large positions before a two-day meeting of the Federal Reserve beginning on Tuesday and the impending release of U.S. quarterly gross domestic product data.\nTraders were also keeping their powder dry ahead of a mammoth earnings week in the United States with tech giants Microsoft, Facebook, Apple and Amazon all set to report.\n"Right now we\'re kind of waiting," said Dennis Dick, a trader at Bright Trading LLC. "We look pretty healthy but all it takes is a couple of disappointing reports and that can change in a hurry."\nInvestors have been ebullient in recent weeks, with Wall Street hitting another intraday record high on Friday and European shares not far off their own record highs.\nMSCI\'s gauge of stocks across the globe gained 0.38%.\nAfternoon trading was mixed on Wall Street. The Dow Jones Industrial Average fell 61.52 points, or 0.18%, to 33,981.97, the S&P 500 gained 7.52 points, or 0.18%, to 4,187.69 and the Nasdaq Composite added 121.97 points, or 0.87%, to 14,138.78.\nThe pan-European STOXX 600 index ended 0.3% higher after its first weekly loss in eight last week.\nAsian shares rallied. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.65% higher, while Japan\'s Nikkei rose 0.36%.\nStocks and most other risk assets have ridden a massive rally. The MSCI world index has registered only three down months in the past 12 and is up nearly 5% this month and 9% for the year as investors bet on a rapid post-pandemic economic rebound turbocharged by vast government and central bank stimulus.\nGraphic: MSCI World Equity Index - https://fingfx.thomsonreuters.com/gfx/mkt/oakpewrjepr/world%20stocks%202021.PNG\nAnalysts say stocks look a little over-valued and that the rally will run into hurdles after setting such a lightning pace and with so much of the economic recovery and fiscal stimulus splurge already priced in, however.\n"The real crux of the issue is, \'What\'s in the price?\' The year-to-date rally has increasingly eliminated upside to our targets," noted Andrew Sheets, a strategist at Morgan Stanley. "Across four major global equity markets (the U.S., Europe, Japan and emerging markets), only Japan is currently below our end-2021 strategy forecast."\nBOLSTER CONFIDENCE\nStill, recent data pointing to a solid global economic recovery has bolstered confidence and limited any investor nervousness, as have strong corporate earnings and the continued rollout of COVID-19 vaccinations in developed economies.\nEarly April manufacturing activity indicators last week pointed to a robust start to the second quarter, with data hitting record highs in the United States and signaling an end to Europe\'s double-dip recession.\nFirst-quarter U.S. gross domestic product data due later this week is likely to show activity returned to pre-pandemic levels, analysts said.\nMost observers expect the Fed will stick to its pledge to keep stimulus flowing until the economy has recovered sufficiently and downplay the threat of rising inflation - any suggestion otherwise could hit market confidence sharply.\n"The FOMC policy decision should be boring as policymakers are widely expected to keep policy steady while committing to no changes over interest rates or asset purchases," said Edward Moya, senior market analyst at OANDA in New York.\nThe dollar rose from an eight-week low against the euro on Monday, with investors consolidating positions ahead of the Federal Reserve\'s monetary policy meeting this week.\nThe dollar index, which tracks the greenback versus a basket of six currencies, fell 0.025 points or 0.03 percent, to 90.834.\nBitcoin rose 10.5% on reports that JPMorgan Chase is planning to offer a managed bitcoin fund.\nThe cryptocurrency had slumped almost a fifth from its all-time high hit earlier this month.\nGovernment bond yields rose as investors dumped safer assets.\nYields on U.S. Treasury benchmark 10-year notes last fell 1/32 in price to yield 1.5684%, from 1.567% late on Friday.\nIn commodities, U.S. crude futures settled at $61/91 per barrel, down 0.37%. Brent futures settled at $65.65 per barrel, down 0.70%.\nSpot gold added 0.2% to $1,780.16 an ounce. U.S. gold futures settled 0.1% higher at $1,780.10 an ounce.\n(Reporting by Matt Scuffham; Editing by Ed Osmond, Will Dunham, Bernadette Baum, Dan Grebler and Sonya Hepinstall)', 'By Matt Scuffham NEW YORK (Reuters) - Global stock markets made moderate gains on Monday as increasing confidence about a rapid recovery of economies from the COVID-19 pandemic offset concerns about the speed of the market\'s rally. The start to the week was quiet as investors refrained from taking on large positions before a two-day meeting of the Federal Reserve beginning on Tuesday and the impending release of U.S. quarterly gross domestic product data. Traders were also keeping their powder dry ahead of a mammoth earnings week in the United States with tech giants Microsoft, Facebook, Apple and Amazon all set to report. "Right now we\'re kind of waiting," said Dennis Dick, a trader at Bright Trading LLC. "We look pretty healthy but all it takes is a couple of disappointing reports and that can change in a hurry." Investors have been ebullient in recent weeks, with Wall Street hitting another intraday record high on Friday and European shares not far off their own record highs. MSCI\'s gauge of stocks across the globe gained 0.38%. Afternoon trading was mixed on Wall Street. The Dow Jones Industrial Average fell 61.52 points, or 0.18%, to 33,981.97, the S&P 500 gained 7.52 points, or 0.18%, to 4,187.69 and the Nasdaq Composite added 121.97 points, or 0.87%, to 14,138.78. The pan-European STOXX 600 index ended 0.3% higher after its first weekly loss in eight last week. Asian shares rallied. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.65% higher, while Japan\'s Nikkei rose 0.36%. Stocks and most other risk assets have ridden a massive rally. The MSCI world index has registered only three down months in the past 12 and is up nearly 5% this month and 9% for the year as investors bet on a rapid post-pandemic economic rebound turbocharged by vast government and central bank stimulus. Graphic: MSCI World Equity Index - https://fingfx.thomsonreuters.com/gfx/mkt/oakpewrjepr/world%20stocks%202021.PNG Story continues Analysts say stocks look a little over-valued and that the rally will run into hurdles after setting such a lightning pace and with so much of the economic recovery and fiscal stimulus splurge already priced in, however. "The real crux of the issue is, \'What\'s in the price?\' The year-to-date rally has increasingly eliminated upside to our targets," noted Andrew Sheets, a strategist at Morgan Stanley. "Across four major global equity markets (the U.S., Europe, Japan and emerging markets), only Japan is currently below our end-2021 strategy forecast." BOLSTER CONFIDENCE Still, recent data pointing to a solid global economic recovery has bolstered confidence and limited any investor nervousness, as have strong corporate earnings and the continued rollout of COVID-19 vaccinations in developed economies. Early April manufacturing activity indicators last week pointed to a robust start to the second quarter, with data hitting record highs in the United States and signaling an end to Europe\'s double-dip recession. First-quarter U.S. gross domestic product data due later this week is likely to show activity returned to pre-pandemic levels, analysts said. Most observers expect the Fed will stick to its pledge to keep stimulus flowing until the economy has recovered sufficiently and downplay the threat of rising inflation - any suggestion otherwise could hit market confidence sharply. "The FOMC policy decision should be boring as policymakers are widely expected to keep policy steady while committing to no changes over interest rates or asset purchases," said Edward Moya, senior market analyst at OANDA in New York. The dollar rose from an eight-week low against the euro on Monday, with investors consolidating positions ahead of the Federal Reserve\'s monetary policy meeting this week. The dollar index, which tracks the greenback versus a basket of six currencies, fell 0.025 points or 0.03 percent, to 90.834. Bitcoin rose 10.5% on reports that JPMorgan Chase is planning to offer a managed bitcoin fund. The cryptocurrency had slumped almost a fifth from its all-time high hit earlier this month. Government bond yields rose as investors dumped safer assets. Yields on U.S. Treasury benchmark 10-year notes last fell 1/32 in price to yield 1.5684%, from 1.567% late on Friday. In commodities, U.S. crude futures settled at $61/91 per barrel, down 0.37%. Brent futures settled at $65.65 per barrel, down 0.70%. Spot gold added 0.2% to $1,780.16 an ounce. U.S. gold futures settled 0.1% higher at $1,780.10 an ounce. (Reporting by Matt Scuffham; Editing by Ed Osmond, Will Dunham, Bernadette Baum, Dan Grebler and Sonya Hepinstall)', "Cryptocurrencies like Bitcoin, Ether and Dogecoin took a beating Friday, extending a recent run of wild swings as President Joe Biden is expected to unveil a plan to raise taxes on the wealthiest Americans that would nearly double levies on investment gains. The losses erased more than $200 billion of value from the cryptocurrency market, according to CNBC, citing data from CoinMarketCap. Given Bitcoin's meteoric rise in recent years, it could push some investors to sell their positions in an effort to secure their profits at the current capital-gains tax rate. Bitcoin, the world’s most popular digital coin, slumped 10% to below $50,000, just over a week after it eclipsed $64,000 for the first time. The latest losses pus
**Last 60 Days of Bitcoin's Closing Prices:**
[47093.85, 46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-26
**Financial & Commodity Data:**
- Gold Closing Price: $1779.20
- Crude Oil Closing Price: $61.91
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,000,490,282,641
- Hash Rate: 133638398.78006244
- Transaction Count: 240687.0
- Unique Addresses: 677984.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.27
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Toronto, Ontario--(Newsfile Corp. - April 1, 2021) - Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTC Pink: BTCWF), ("Bluesky" or the "Corporation") released today an unaudited snapshot of its Q1 2021 incoming gross revenue performance. In total, the Corporation's Q1 2021 incoming gross revenue total from its active digital crypto mining operations amounted to $739,435 CDN in the quarter. The gross revenue total of $739,435 CDN is comprised from the sale of $445,415 CDN worth of crypto mining assets and the implied value of unsold crypto mining assets currently held in the Corporation's digital exchange house. As at March 31, 2021, the implied and combined value of digital mining assets held in the Corporation's digital exchange house amounted to $294,020 CDN. Operational costs to mine the crypto assets amounted to approximately $165,000 CDN and therefore the gross margin achieved for the Corporation's digital crypto mining operations for Q1 amounted to 78%. The operational costs that are stated in this press release are for the Corporation's digital crypto mining operations only, and do not include the Corporation's other corporate operating costs which include legal, auditing, transfer agent, marketing, IR, general administrative, consulting and management fees. The Corporation will release its full Q1 2021 results via its unaudited interim financial statements on May 31, 2021. The gross revenue respective totals from the Corporation's active digital assets mining operations for Q1 2021 represented significant and material increases, with an increase of 628% over Q1 2020's gross revenue total, and it also represented an increase of 238% over the Corporation's Q4 2020 gross revenue total. Substantial increases to revenue for Q1 can be quickly recognized with the Corporation's Q1 2021 gross revenue totals from its active mining operations amounting to an increase of 5% of what the Corporation successfully mined in all of fiscal 2020 as the Corporation's total gross revenue from its active mining operations amounted to $702,504.00 CDN in fiscal 2020. Thus far in fiscal 2021, the Corporation's monthly incoming gross revenue average from its digital crypto mining operations amounted to $246,478 CDN per month vs. the monthly average $58,542 CDN per month achieved in fiscal 2020. The monthly average achieved thus far in fiscal 2021 represents a dramatic increase of 321% vs. the fiscal 2020 monthly average. The Corporation has now successfully increased its incoming gross revenue totals from its active digital crypto mining operations for five consecutive quarters and it has successfully increased its incoming gross revenue totals from its active digital crypto mining operations in seven out of the eight last quarters with Q4 of 2019 being the only exception. Story continues On March 19, the Corporation realized a significant gain as it exited a portion of its legacy business segment for the amount of $319,149 CDN. The initial investment in this legacy business segment amounted to $50,000 CDN and therefore the Corporation grossed $269,149 CDN from the exit. With the proceeds from the legacy business exit and combined with the revenue from the Corporation's active digital crypto mining operations, the Corporation brought in a combined $1,008,584 CDN in gross revenues for the quarter which represents an all-time high and a corporate record for a quarterly result. The Corporation will release its full fiscal 2020 results via its 2020 audited financial statements on April 30, 2021, and as previously stated in this press release, the Corporation will release its full Q1 2021 results via its unaudited interim financial statements on May 31, 2021. The Corporation anticipates a significant increase to its gross revenue totals in Q2 2021 vs. its Q1 2021 total as the Corporation is still in the process of receiving and putting into production its Pandaminer order which consists of $915,000 CDN worth of GPU mining rigs. Once these GPU mining rigs are installed and put into full operation, the GPU mining rigs will significantly expand the Corporation's current and active digital mining capabilities. It is anticipated that once this equipment is put online it will increase the Corporation's overall generic hashing power by 54,000 Mh/s, this reported estimated value is before any customizations and or optimizations. The Pandaminer order was previously announced via press release on February 8, 2021 and at the time of this report, as an update, is targeted to be in full production within the next 30-60 days. The Corporation is also still in the process of receiving and installing its recently announced order of $1,273,000 CDN worth of high hash rate ASIC mining machines, which once received and put into full production will significantly expand the Corporation's current and active digital mining capabilities with an anticipated Bitcoin asset focus. It is also anticipated that once this equipment is put online it will increase the Corporation's overall generic hashing power by 19,000 Th/s this reported estimated value is before any customizations and or optimizations. The ASIC order was previously announced via press release on March 9, 2021 Furthermore, the Corporation has not yet achieved a full quarter of revenue from the $500,000 CDN worth of mixed mining hardware technology which consisted of GPU and ASIC equipment and of which the Corporation put online and into full production in late February of this year. At the time of activation this equipment increased the Corporation's overall generic hashing power by approximately 30,000 Mh/s. The Corporation implemented and undertook a significant expansion program in Q1. In total, the Corporation has acquired $2,688,000 CDN worth of ASIC and GPU Mining equipment of which $500,000 CDN of the $2,688,000 CDN in equipment is online. With all schedules tracking to plan, the majority of the remaining $2,188,000 CDN worth of equipment is targeted to be put online in the next 30-60 days. With all plans remaining on track and with a continued positive trend in the crypto overall market holding or increasing, the Corporation anticipates that the Q2 gross revenue totals from the Corporation's active mining operations may in all likelihood supersede Q1 total. The Corporation is in active negotiations to acquire additional mining assets and the Corporation anticipates that it will continue its plans of expansion into Q2 and moving forward. Mr. Ben Gelfand, Bluesky CEO stated: "We have continued to demonstrate our abilities to deliver on our commitments to our shareholders and investors by following through on our business plans and objectives. This latest snapshot for our Q1 results clearly represents a tremendous improvement in our numbers and profitability, keeping this a continuing positive trend is a primary goal." About Bluesky Digital Assets Corp. Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence ("AI") based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information please visit Bluesky at: https://www.blueskydigitalassets.com For further information please contact: Mr. Ben Gelfand CEO & Director Bluesky Digital Assets Corp. T: (416) 363-3833 E: [email protected] Mr. Frank Kordy Secretary & Director Bluesky Digital Assets Corp. T: (647) 466-4037 E: [email protected] Forward-Looking Statements Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor. - 30 - To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79201 View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Tesla\'s relationship with bitcoin is not a dalliance, according to the comments made by the company\'s CFO and dubbed "master of coin" Zach Kirkhorn during an earnings call Monday. Instead, the company believes in the longevity of bitcoin, despite its volatility. Tesla invested $1.5 billion in bitcoin this quarter and then trimmed its position by 10%, Kirkhorn said during the company quarterly earnings call. That sale made a $101 million \x93positive impact\x94 to the company\x92s profitability in the first quarter, he added. Tesla also allows customers to make vehicle deposits and final vehicle purchases using bitcoin. Tesla turned to bitcoin as a place to store cash and still access it immediately, all while providing a better return on investment than more traditional central bank-backed safe havens. Of course, the higher yields provided by the volatile digital currency comes with higher risk. Tesla bucks the trend of the more cautionary Federal Reserve Chairman Jay Powell who noted back in March at a virtual summit hosted by the Bank for International Settlements that the Fed considers crypto speculative assets that are highly volatile and therefore not useful stores of value. That matters because the basic function of currency is its ability to store value. He also noted that digital currencies are not backed by anything and compared it to gold and not the dollar. Elon Musk declares you can now buy a Tesla with bitcoin in the US From Kirkhorn: Elon and I were looking for a place to store cash that wasn\'t being immediately used, try to get some level of return on this, but also preserve liquidity, you know, particularly as we look forward to the launch of Austin and Berlin and uncertainty that\'s happening with semiconductors and port capacity, being able to access our cash very quickly is super important to us right now. And, you know, there aren\'t many traditional opportunities to do this or at least that we found and and talking to others that we could get good feedback on, particularly with yields being so low and without taking on additional risk or sacrificing liquidity. Bitcoin seemed at the time, and so far has proven to be a good decision, a good place to place some of our cash that\'s not immediately being used for daily operations or maybe not needed till the end of the year, and be able to get some return on that. Story continues Tesla is watching the digital currency closely, Kirkhorn said, noting that there is a lot of reason to be optimistic. "You know, thinking about it from a corporate treasury perspective, we\'ve been quite pleased with how much liquidity there is in the bitcoin market," he said. "Our ability to build our first position happened very quickly. When we did the sale later in March we also were able to execute on that very quickly. And so as we think about kind of global liquidity for the business in risk management, being able to get cash in and out of the market is something that I think is exceptionally important for us." While Tesla did trim its position in March, Kirkhorn added that the company\'s intent is to hold what it has long term and to continue to accumulate bitcoin from transactions from its customers as they purchase vehicles. Musk, who also goes by Technoking , announced in March that Tesla would accept bitcoin as a form of payment in the United States. What is up with Tesla\x92s value?', 'By Matt Scuffham and Danilo Masoni\nNEW YORK/MILAN (Reuters) - Shares eased from record peaks on Tuesday as optimism about a global economic recovery was dented by caution before a policy decision by the U.S. Federal Reserve and earnings updates from a number of blue-chip companies.\nMSCI\'s gauge of stocks across the globe shed 0.11%.\nThe world index has risen 9% so far this year, underpinned by expectations that rising COVID-19 vaccination rates will allow more economies to recover and give a big boost to company profits.\nEarnings in Europe are expected to have risen 61% in the first quarter, while U.S. profits are seen up more than 31%, according to the latest Refinitiv IBES estimates.\nMany investors, however, stayed on the sidelines ahead of the Fed meeting which ends on Wednesday, when the U.S. central bank is expected to confirm that it will maintain its easy monetary policy to bolster the economy.\nOne area of concern was India, which is struggling with surging coronavirus infections that have overwhelmed its healthcare system.\nMarkets were also awaiting results from U.S. tech heavyweights Microsoft Corp and Alphabet Inc later on Tuesday. Companies that represent about 40% of the S&P 500\'s market capitalization report from Tuesday through Thursday.\nSome analysts say the recent rally has made stocks vulnerable to profit taking, given lofty valuations and high expectations going into the reporting season.\n"We\'ve been in a significant rally for quite some time," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "The laws of gravity tell you that at some point we\'re going to see a pullback."\nMajor U.S. indices were mixed.\nThe Dow Jones Industrial Average rose 3.36 points, or 0.01%, to 33,984.93, the S&P 500 lost 0.9 points, or 0.02%, to 4,186.72 and the Nasdaq Composite dropped 48.56 points, or 0.34%, to 14,090.22.\nIn Europe, bank results got the attention. Strong earnings sent shares in Europe\'s biggest bank by assets, HSBC, up 4.2%, while UBS fell 2.0% after a surprise hit linked to the collapse of hedge fund Archegos.\nThe pan-European STOXX 600 index slipped 0.1%.\nGraphic: World stocks PE - https://fingfx.thomsonreuters.com/gfx/mkt/jznpnaggavl/World%20stocks%20PE.JPG\nPalladium prices hit a record, spurred by persistent supply worries, while gold held a narrow range as investors awaited policy signals from the Fed\'s meeting.\nPalladium hit a record of $2,962.50 per ounce.\nSpot gold dropped 0.3% to $1,775.57 an ounce.\nU.S. gold futures settled down 0.1% at $1,778.8 an ounce.\nOil rebounded as optimism ahead of a meeting of producer group OPEC+ to discuss output policy offset concern that India\'s coronavirus crisis could dent a recovery in fuel demand.\nU.S. crude futures settled at $62.94 per barrel, up $1.03 or 1.66%. Brent crude futures settled at $66.42 per barrel, up 77 cents or 1.17%.\nThe dollar hovered near multiweek lows versus other major currencies, but moves were narrow as traders avoided taking out big positions before a bond auction and the Fed meeting.\nThe dollar index rose 0.024%.\n"Nobody really believes that the Fed will change its forward guidance, but, just in case, investors appear to be loading up on U.S. dollar as a hedge," said OANDA analyst Jeffrey Halley.\nBond traders were closely watching an auction of $62 billion of seven-year U.S. Treasuries later on Tuesday.\nBenchmark 10-year notes last fell 16/32 in price to yield 1.627%, from 1.57% late on Monday.\nBitcoin rose 1% to $54,636. The world\'s most popular cryptocurrency soared nearly 10% on Monday, after five straight days of losses, on reports that JPMorgan Chase is planning to offer a managed Bitcoin fund.\nBitcoin had slumped almost a fifth from an all-time high hit this month.\n(Reporting by Matt Scuffham in New York and Danilo Masoni in Milan; Editing by Estelle Shirbon, Will Dunham, John Stonestreet and Jonathan Oatis)', 'By Matt Scuffham and Danilo Masoni NEW YORK/MILAN (Reuters) - Shares eased from record peaks on Tuesday as optimism about a global economic recovery was dented by caution before a policy decision by the U.S. Federal Reserve and earnings updates from a number of blue-chip companies. MSCI\'s gauge of stocks across the globe shed 0.11%. The world index has risen 9% so far this year, underpinned by expectations that rising COVID-19 vaccination rates will allow more economies to recover and give a big boost to company profits. Earnings in Europe are expected to have risen 61% in the first quarter, while U.S. profits are seen up more than 31%, according to the latest Refinitiv IBES estimates. Many investors, however, stayed on the sidelines ahead of the Fed meeting which ends on Wednesday, when the U.S. central bank is expected to confirm that it will maintain its easy monetary policy to bolster the economy. One area of concern was India, which is struggling with surging coronavirus infections that have overwhelmed its healthcare system. Markets were also awaiting results from U.S. tech heavyweights Microsoft Corp and Alphabet Inc later on Tuesday. Companies that represent about 40% of the S&P 500\'s market capitalization report from Tuesday through Thursday. Some analysts say the recent rally has made stocks vulnerable to profit taking, given lofty valuations and high expectations going into the reporting season. "We\'ve been in a significant rally for quite some time," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "The laws of gravity tell you that at some point we\'re going to see a pullback." Major U.S. indices were mixed. The Dow Jones Industrial Average rose 3.36 points, or 0.01%, to 33,984.93, the S&P 500 lost 0.9 points, or 0.02%, to 4,186.72 and the Nasdaq Composite dropped 48.56 points, or 0.34%, to 14,090.22. In Europe, bank results got the attention. Strong earnings sent shares in Europe\'s biggest bank by assets, HSBC, up 4.2%, while UBS fell 2.0% after a surprise hit linked to the collapse of hedge fund Archegos. Story continues The pan-European STOXX 600 index slipped 0.1%. Graphic: World stocks PE - https://fingfx.thomsonreuters.com/gfx/mkt/jznpnaggavl/World%20stocks%20PE.JPG Palladium prices hit a record, spurred by persistent supply worries, while gold held a narrow range as investors awaited policy signals from the Fed\'s meeting. Palladium hit a record of $2,962.50 per ounce. Spot gold dropped 0.3% to $1,775.57 an ounce. U.S. gold futures settled down 0.1% at $1,778.8 an ounce. Oil rebounded as optimism ahead of a meeting of producer group OPEC+ to discuss output
**Last 60 Days of Bitcoin's Closing Prices:**
[46339.76, 46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-27
**Financial & Commodity Data:**
- Gold Closing Price: $1778.00
- Crude Oil Closing Price: $62.94
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,023,859,810,769
- Hash Rate: 166461865.14709532
- Transaction Count: 298109.0
- Unique Addresses: 748381.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Blockchain has seen a staggering rise in popularity since Bitcoin, the first cryptocurrency, launched in 2010. Blockchain has a number of advantages, including decentralization and security. The demand for a decentralized currency has catapulted Bitcoin and other cryptocurrencies to worldwide popularity.
Read:Bitcoin Cash (BCH): How’s It Differ From Bitcoin and What’s It Worth?
But blockchain has its limitations. These systems are inherently closed off from the rest of the world, which is good for security and integrity but also limits the input data they can accept.
Thus, there is a need for a sort of bridge that can help these systems see what is happening in the outside world. But in order for the system to work, the input cannot come from a single source. Why? Because it would then rely on a centralized source of data, which goes against the very nature of blockchain.
See:India Proposes Ban on Bitcoin — and the US Could Be Next
That is the very problem Chainlink can help solve, as we will find out.
Chainlink is a decentralized oracle network that is poised to play an important role in the real-world implementation of blockchain technologies. The purpose of this network is to provide input on a variety of external sources of data.
Although blockchain is great at what it does — providing a decentralized, secure ledger for digital transactions — it isn’t so great at taking input for things happening outside the blockchain. There are many “off-chain” forces that influence markets, including fiat currencies, credit cards and even the weather and sports scores. As a decentralized oracle, Chainlink can provide input to what’s known as smart contracts.
Find Out:Why Some Money Experts Believe In Bitcoin and Others Don’t
These smart contracts help the system respond to a wide range of input (if X, do Y). As the first cryptocurrency, Bitcoin and its corresponding blockchain can only process a small range of this input. But newer blockchains, such as Ethereum, have a wider range. That includes support for programmable smart contracts.
On that note, Chainlink was launched on the Ethereum blockchain in 2019, but it is meant to be agnostic. Thus, it can work with other blockchains, too.
LINK is Chainlink’s native token. The token is meant to help finance the growth of the project and is similar to Bitcoin (BTC) and Ethereum (ETH). Both of these cryptocurrencies work on their respective blockchains. Just like BTC and ETH act as an incentive for users to mine, LINK does the same.
More:The Hype Around NFTs: What Are They? And How Pricey Do They Get?
The LINK token launched in 2017 with a price under 20 cents and remained under $1 until 2019. In 2020, the price began to rise precipitously. In fact, the price increased from under $2 in early 2020 to a high of $36 on Feb. 20, 2021.
Despite LINK’s meteoric rise, though, it has since dropped from its high of $36 and hasn’t yet reached that level again. In fact, the price dropped nearly $10 by March 1, 2021.
As you may have gathered from the above, the value of LINK remains volatile despite its huge gains since early 2020. Therefore, it may be best to invest in LINK only as a way to support the underlying technology. Otherwise, the high degree of volatility may be too much to bear for most investors.
Read:How Does Cryptocurrency Work – and Is It Safe?
Nevertheless, Chainlink looks to be an important technology as cryptocurrencies continue to evolve. Having an oracle such as Chainlink in place will be key to the long-term stability and viability of cryptocurrency in general. Thus, LINK may be a sound investment if you believe Chainlink will become the industry standard as the most widely-used, decentralized oracle network.
More From GOBankingRates
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Last updated: April 1, 2021
This article originally appeared onGOBankingRates.com:What Is Chainlink and Why Is It Important in the World of Cryptocurrency?...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Bloomberg) -- Nexon Co. said it bought $100 million worth of Bitcoin, joining a list of tech companies embracing the digital currency.\nThe online game provider acquired 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses. The purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand, and is the largest-ever purchase of digital currency made by a company traded in Tokyo, Nexon said.\n“Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,” Owen Mahoney, Nexon’s chief executive officer, said in a statement. “In the current economic environment, we believe Bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”\nA growing number of global firms including Tesla Inc. and Square Inc. have moved to purchase Bitcoin in recent months, with more starting to accept the cryptocurrency as a form of payment. Firms in Japan, which was an early leader in Bitcoin acceptance, have been slow to join this trend.\nNexon said it intended to guard itself against a potential drop in the value of non-digital currencies in case of inflation, with Mahoney seeing Bitcoin as a “form of cash likely to retain its value, even if it is not yet widely-recognized as such.”\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2021 Bloomberg L.P.', '(Bloomberg) -- Nexon Co. said it bought $100 million worth of Bitcoin, joining a list of tech companies embracing the digital currency.\nThe online game provider acquired 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses. The purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand, and is the largest-ever purchase of digital currency made by a company traded in Tokyo, Nexon said.\n“Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,” Owen Mahoney, Nexon’s chief executive officer, said in a statement. “In the current economic environment, we believe Bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”\nA growing number of global firms including Tesla Inc. and Square Inc. have moved to purchase Bitcoin in recent months, with more starting to accept the cryptocurrency as a form of payment. Firms in Japan, which was an early leader in Bitcoin acceptance, have been slow to join this trend.\nNexon said it intended to guard itself against a potential drop in the value of non-digital currencies in case of inflation, with Mahoney seeing Bitcoin as a “form of cash likely to retain its value, even if it is not yet widely-recognized as such.”\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2021 Bloomberg L.P.', 'Update: New details about Tesla\'s Bitcoin stake were revealed in its 10Q filing on April 28th. You can read that story by Shawn Tullyhere.\nThey\'re arguably the two biggest business names on the planet: Bitcoin and Elon Musk. So when the [hotlink]Tesla[/hotlink] CEO disclosed in the Q1 earnings release on April 26 that the EV-maker had booked a fat gain byselling part of the Bitcoin hordeit famously amassed early this year, the Twitter-sphere erupted. Bitcoin skeptic Dave Portnoy, the celebrity blogger, ripped Musk for perpetrating a con. "So am I understanding this correctly? He pumps it. It goes up. Then he dumps it and makes a fortune," tweeted the founder of Barstool Sports. Bitcoin fans fretted that Musk was souring on the signature token he\'d done so much to promote.Sword drawn, Musk riposted to foil Portnoy and reassure the loyalists. "No, you do not," he responded to Portnoy\'s tweet. "I have not sold any of my Bitcoin. Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on the balance sheet." This was apparently the first time Musk disclosed that he himself owns Bitcoin. That news, and assurances that he\'s keeping all his coins, backed by the CFO\'s pledge that Tesla\'s a long-term holder, cheered enthusiasts and recharged the bull run that started the previous day. Following the release, Bitcoin rose 2% by early afternoon on April 27 to $54,092.\nEver since Tesla announced its $1.5 billion Bitcoin purchase in the 10K, issued on February 8, it\'s been clear that the EV-maker\'s been harboring big gains. Still, the Q1 report provides new detail on the approximate price Tesla paid, how many coins remain on its balance sheet, and how much it\'s made on its big wager. The numbers also reveal a troubling truth: In the first quarter, the digital currency\'s appreciation dwarfs what Tesla earned in its bedrock business of selling cars and batteries, and providing software updates and other services.\nAccounting rules classify digital currencies as "indefinite-lived intangible assets." If at the end of a quarter, the price of Bitcoin falls below what the company paid, it\'s required to take an "impairment" charge reflecting the size of the hit. But if the price rises, the owner doesn\'t show that appreciation on the balance sheet. The holdings are still shown at the amount or "book value" the company originally paid.\nThe big profit recorded in Q1 reveals the approximate size of the overall windfall. A note on page 5 discloses that Tesla booked a $101 million "positive impact" from the sale of Bitcoin, recorded in the \'Restructuring & Other\' line on the income statement. The cash flow statement shows that the sale garnered proceeds of $272 million. Hence, we know that Tesla paid $171 million for Bitcoin it sold for $101 million more, clinching a 59% profit. On the conference call, CFO Zach Kirkhorn stated that the transaction happened "later in March."\nBitcoin\'s price was uncharacteristically steady in the last three weeks of March, averaging $55,100. So the math suggests that Tesla sold around 4,800 Bitcoins at that price to raise the $272 million. We also can reckon what Tesla originally paid for its stake. Since it pocketed a 59% gain on every Bitcoin sold, its original cost must have been about $34,700. Makes sense. That\'s close to the average quote in the January to early February period that bookends Tesla\'s purchases. It appears that the $1.5 billion investment bought roughly 43,000 Bitcoin.\nOnce again, the book value––or what it paid––for the tokens sold is $171 million. So we know the approximate balance-sheet number for what remains is the original investment of $1.5 billion, less the $171 million, or about $1.329 billion.\nResult: Tesla still holds around 38,300 Bitcoin that cost $1.329 billion. At Bitcoin\'s price of $54,100 on April 26, Tesla\'s trove is worth over $2.07 billion. Tesla\'s gain on what it still owns is $741 million. Add the $101 million from the Q1 sale, and its total take is $842 million.\nThese numbers are approximate, but present what should be close to the full picture. On its balance sheet, Tesla displays its "digital currency" holdings at $1.331 billion. That\'s $2 million more than the number I get from deducting the sale from its original purchases. But on the earnings call, Kirkhorn said that Tesla "continues to accumulate Bitcoin from transactions from our customers as they purchase vehicles." Musk\'s famous declaration in February that Tesla would accept the coins in lieu of dollars or yuan may well explain the $2 million discrepancy. If forty customers opened their Bitcoin wallets to buy or make deposits on $51,000 Model 3s, those sales would account for the extra $2 million-worth in Tesla\'s coffers.\nMy main misgiving: Both Musk and Kirkhorn refer to selling 10% of Tesla\'s stake. My math shows it parted with just over 11% of the number of coins purchased in Q1. So it\'s possible I\'m missing something, or that Musk and Kirkhorn were giving a ballpark figure.\nOn the conference call, Kirkhorn spoke extensively about Bitcoin\'s benefits, and why Tesla sold. "Elon and I were looking for a place to store cash that wasn\'t being immediately used, trying to get some level of return on this, but also preserve liquidity," he declared. The rationale for trimming its position, he explained, was in part to test the ease of buying and selling. Bitcoin passed in a walk. "We\'ve been quite pleased with the liquidity in the Bitcoin market," said Kirkhorn. It would be interesting to know what commissions Tesla paid in reaping that $272 million. [hotlink]Coinbase[/hotlink], the largest U.S. crypto exchange, recently disclosed average fees of 0.47% on each dollar it handles in transactions. At that rate, Tesla would have paid a jaw-dropping $1 million to make the trade.\nKirkhorn affirmed Tesla\'s commitment to Bitcoin, as did Musk in his [hotlink]Twitter[/hotlink] jab at Portnoy. "We do believe in the long-term value of Bitcoin," observed the CFO. "So it\'s our intent to hold what we have long-term and to continue to accumulate Bitcoin from transactions from our customers as they purchase vehicles."\nWhat Kirkhorn didn\'t say is that Tesla has any intention of making more mega-bets like the $1.5 billion buy that helped propel the Bitcoin to never-before-seen prices.\nTesla\'s been producing autos since 2008, but it\'s only been trading Bitcoin for a single quarter. It\'s worth noting that during its maiden three months doing both, it fared much as a Bitcoin speculator than as a carmaker. In Q1, Tesla posted pre-tax profits of $533 million. But those earnings included $519 million in sales of regulatory credits, a boost that will soon disappear, as well as the $101 Bitcoin bonanza. Subtract those benefits outside selling cars, batteries and services, and it lost $87 million.\nExcluding the $101 million profit, its
**Last 60 Days of Bitcoin's Closing Prices:**
[46188.45, 45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-28
**Financial & Commodity Data:**
- Gold Closing Price: $1773.20
- Crude Oil Closing Price: $63.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,016,770,053,000
- Hash Rate: 166461865.14709532
- Transaction Count: 277126.0
- Unique Addresses: 728620.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.59
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Often controversial and always entertaining, self-made billionaire Mark Cuban is not shy in his opinions, especially when it comes to money — and that’sgood news for budding investors. Mark Cuban, after all, is rich and famous. He owns a jet and a basketball team. He’s a reality TV star who millions tune in to watch on “Shark Tank.” If you don’t listen to a guy who created one of the world’s greatest fortunes out of nothing, who do you listen to?
Read:‘Shark Tank’ Stars Share 50 Business Tips
It wasn’t always that way. Cuban famously lived for years on the budget of a broke college student, driving lousy cars, eating lousy food and saving, saving, saving. A serial entrepreneur, forward-thinking investor and notorious taker of calculated risks, Cuban’s seed money is now fueling startups all over the country in all kinds of industries.
The following is a selection of the finest Mark Cubanisms — from years past to just this year —that can inspire, educate and entertain investors of all levels.
Last updated: April 8, 2021
In a 2018 interview with MarketWatch, Cuban laid down some indisputable arithmetic that explains why paying off debt before you invest might just deliver the biggest returns of all.
“The best investment you can make is paying off your credit cards, paying off whatever debt you have. If you have a student loan with a 7% interest rate, if you pay off that loan, you’re making 7%, that’s your immediate return, which is a lot safer than picking a stock, or trying to pick real estate, or whatever it may be,” Cuban said.
See:Just How Rich Are Oprah, Bill Gates and Other Big Names?
Just like you should never gamble if you absolutely have to win, Cuban insists that the same rules apply to investing as a remedy for financial trouble.
“If you are buying because you need the price to go up and solve a financial hole you are in, that is the EXACT WRONG time to trade,” Cuban tweeted on Feb. 3. “And we all have to respect people who choose to sell because they need to. Bills don’t care what the market does [sic]. Get right and come back later.”
Find Out:These 47 Billionaires Got Richer During The Pandemic
Cuban had some harsh words for what most investors think of as capitalism’s greatest wealth-generation machine — the stock market. In 2007, he used his blog to offer some advice to young people who aren’t sure what to do with their money.
He wrote: “Put it in the bank. The idiots that tell you to put your money in the market because eventually it will go up need to tell you that because they are trying to sell you something. The stock market is probably the worst investment vehicle out there. If you won’t put your money in the bank, NEVER put your money in something where you don’t have an information advantage. Why invest your money in something because a broker told you to? If the broker had a clue, he/she wouldn’t be a broker, they would be on a beach somewhere.”
More:16 Money Rules That Millionaires Swear By
Not everyone is going to build a successful software startup from scratch, and they don’t necessarily want to be called “idiots” for investing in the stock market. Fine, but Cuban at least wants them to avoid picking their own stocks or buying into expensive mutual funds. His advice mirrors that which fellow billionaire investor Warren Buffett has long offered, as well — buy an index fund.
In an interview with Hayman Capital Management founder Kyle Bass, Cuban said, “for those investors not too knowledgeable about markets, the best bet is a cheap S&P 500 fund,” according to MarketWatch.
Read:21 Life Hacks From Warren Buffett That Anyone Can Use
Cuban told Time’s Money magazine how much he was influenced by a book called “Cashing in on the American Dream: How to Retire by the Age of 35.”
“The whole premise of the book was if you could save up to $1 million and live like a student, you could retire. But you would have to have the discipline of saving and how you spent your money once you got there. I did things like have five roommates and live off of macaroni and cheese and really was very, very frugal. I had the worst possible car.”
See:Stocks That Would Have Made You Rich Today
When the Reddit and GameStop trading frenzy went down, Cuban was able to offer some insightful advice as most of the investing world was struggling just to understand what was even going on.
On a Reddit AMA (Ask Me Anything), Cuban responded to a Redditor’s call for advice with this comparison to Bitcoin.“Many bought at the highs in 2017 and watched it fall by ⅔ or more. But they held on because they believe in the asset … When I buy a stock, I make sure I know why I[‘m] buying it. Then I HODL until … I learn that something has changed,” using text-slang acronym for “hold on for dear life.”
Find Out:How Does Cryptocurrency Work – and Is It Safe?
Without risk, there can be no reward, and the bigger the risk, the bigger the potential payout. Cuban wants investors to go for broke and swing for the fences — but only with a sliver of their investments.
“If you’re a true adventurer and you really want to throw the hail Mary, you might take 10% and put it in Bitcoin or Ethereum, but if you do that, you’ve got to pretend you’ve already lost your money. It’s like collecting art, it’s like collecting baseball cards, it’s like collecting shoes. It’s a flyer, but I’d limit it to 10%,” Cuban told Vanity Fair.
More:13 Toxic Investments You Should Avoid
If you’re considering jumping on the cryptocurrency bandwagon, you’d be wise to place your bets on the biggest names in the game because Cuban sees way too many similarities to 1999 for comfort.
On Jan. 11, he tweeted: “Watching the cryptos trade, it’s EXACTLY like the internet stock bubble. EXACTLY. I think btc, eth, a few others will be analogous to those that were built during the dot-com era, survived the bubble bursting and thrived, like AMZN, EBay, and Priceline. Many won’t.”
Read:India Proposes Ban on Bitcoin — and the US Could Be Next
Cuban has crossed philosophical paths with Warren Buffett more than once when it comes to investing fundamentals. Like Buffett, Cuban warns against investing in things you don’t understand.
In 2010, Cuban wrote on his blog, “If you don’t fully understand the risks of an investment you are contemplating, it’s okay to do nothing.” More recently, he confirmed that position by stating even more emphatically, “No. 1 rule of investing: When you don’t know what to do, do nothing.”
See:21 Billionaires Who Lost Big in 2020
The best way to avoid investing in something you don’t understand is to understand whatever you’re invested in. Cuban wrote on his blog about the power of what he calls the “knowledge advantage” and what he gained from it in his early years as a budding entrepreneur.
In 2007, he wrote: “At MicroSolutions it gave me a huge advantage. A guy with little computer background could compete with far more experienced guys just because I put in the time to learn all I could. I read every book and magazine I could. Heck, three bucks for a magazine, 20 bucks for a book. One good idea that led to a customer or solution paid for itself many times over.”
More From GOBankingRates
• Nominate Your Favorite Small Business and Share With Your Community
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• What Income Level Is Considered Middle Class in Your State?
• 20 Ways To Pay Less at Costco
This article originally appeared onGOBankingRates.com:Mark Cuban’s Top Investing Advice...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Binance, the world’s largest cryptocurrency exchange, has pushed into a wide range of businesses in recent years in pursuit of profit and industry dominance – from sponsoring its own blockchain, to backing a decentralized exchange, to launching its own “utility token,” BNB, now trading at an $87 billion market capitalization.\nBut it’s Binance’s latest venture, a foray into tradingtokenized versions of stockslike Tesla, Apple and Coinbase, that’s now threatening to bring unwanted attention from national and regional regulators.\nBinancelauncheda “stock token” trading service on April 12, in timing that was notable because it came just a few days before its biggest U.S.-based competitor, Coinbase, pursued adirect stock listingon Nasdaq.\nRelated:An Analysis of DeFi Growth and NFT Hype\nAccording toBinance, the new offering would let users buy “stock tokens” – representing public companies’ shares or even fractions of shares. They’re settled in Binance’s own dollar-linked stablecoin, binance USD (BUSD). The tokens are fully backed by shares held by CM-Equity AG, “a licensed and fully regulated asset management firm in Germany.”\nYet red flags are already getting raised by regulators indifferent countriesandregions, over the possibility that Binance’s new push might runafoul of securities rules.\n“Their marketing has been very aggressive, and they’ve used that term ‘stock’ very heavily,” said Henry Chong, chief executive at Hong Kong-based digital-asset exchange Fusan. “I think that’s what is getting really uncomfortable right now.”\nBinance says the new stock tokens, provided in concert with a German firm, are compliant with European market regulations.\nRelated:Market Wrap: Bitcoin Stays Near $55K as Ether Hits Brand-New Record Price\n“Stock tokens entitle the holders to gain economic exposure to the underlying shares in a convenient and trusted manner,” a Binance representative said in an email response on whether the stock tokens should be considered a security. The representative said it’s “expected” that there would be an “identical move” in the price of the token whenever the underlying stock goes up or down.\nThe process works like this: Once a Binance user opens a trade in stock tokens, a Swiss company called Digital Assets AG (DAAG), on behalf of a German firm called CM-Equity AG, purchases the corresponding amount of the company’s shares. A token is then minted on a private blockchain by Digital Assets.\nThe underlying shares are put into a security account associated with CM-Equity AG, and Digital Assets AG sends the token through CM-Equity to Binance.\n“It is a financial instrument where people are buying, and that’s why Binance is a tied agent of CM-Equity AG,” a DAAG representative said. “CM-Equity AG has the license to sell securities and financial instruments.”\nJames Angel, an associate professor at Georgetown University’s McDonough School of Business, praised the tokenized stock as an “innovation” but said several risks could arise for people who want to use it.\n“How can you actually trust that token is what it says it is?” Angel asked. “You are not going to have all of the rights of ownership if you own one of these tokens. What you basically have is a side bet on the company. And the real question is who’s on the other side? And is it collateralized to the point where you trust the process?”\nDigital Assets AG said it is not taking any short positions against the underlying stocks, unlike someCFD(contract for differences) providers in traditional finance.\n“We take the same position as the clients,” the company’s representative said. “We don’t sell short and we are not selling the order flow to market makers like Robinhood.”\nA big question, for some cryptocurrency-industry veterans, is why Binance didn’t use its own blockchains to mint the tokens.\nBinance has two blockchains:Binance Chain, focused on high-speed transactions, andBinance Smart Chain, to host decentralized finance applications and other digital assets.\n“I don’t understand why people in the digital asset space aren’t just actually issuing tokens that represent equity for real,” Henry Chong, the chief executive at Hong Kong-based digital-asset exchange Fusang, said. “The whole point of blockchain technology is supposed to simplify all of these layers and layers of intermediaries.”\nBinance hasthrived, in part, because it’s operated in immature and always-changing cryptocurrency markets, where regulations aren’t nearly as coordinated across international jurisdictions as mature markets like stocks or even bonds and foreign exchange.\nNotably, Binance CEO Changpeng “CZ” Zhao has repeatedlyrefused to answer questionsabout where his firm is headquartered.\n“They always say they don’t operate in any jurisdiction,” Chong said.\n“They are working with a regulated German broker for these transactions and apparently made the decision that represented sufficient regulatory cover,” Richard Johnson, CEO of Texture Capital, a New York-based company that offers tokenized securities for private capital markets, said through a spokesperson.\nFor traders, there’s also the existential question of whether Binance might end the new service abruptly – for any reason, really.\nA two-page “Binance Stock Tokens Trading Service Agreement” on Binance’s stock token website says that “Binance.com reserves the right to suspend or terminate Binance stock tokens trading service without notice. If necessary, Binance.com has the right to suspend and terminate Binance stock tokens trading service at any time.”\nBinance said in an email to CoinDesk that the company does not charge commission fees on the tokenized stocks while running a tight spread model. The goal for launching the product is to allow users to access the underlying shares in a more affordable way.\nWhile Binance’s new service may attract regulatory attention due to the exchange’s size, the effort isn’t the first of its kind.\xa0Popular crypto derivatives exchange FTX provides similar products, also through a partnership with Digital Assets AG and CM Equity.\nTerraform Labs’Mirror Protocolallows users to mint crypto assets that mimic the value of shares in publicly traded companies.\n“Binance doesn’t allow withdrawals because then the underlying broker dealer wouldn’t be able to keep serving Binance – it would break the KYC (Know-Your-Customer) chain,” Do Kwon, founder and CEO of Terraform Labs, said. “So these stock tokens on Binance and FTX can never be transferred out, and therefore can never be composed into smart contracts.”\n• How Will We Know When the Market Turns Bearish?\n• Bitcoin’s Bull and Bear Cycles: Are We Seeing a New Trend?', 'From the bottom last March, theS&P 500went on to have its biggest price gains since 1950, rising nearly 75%.Those gains seem paltry by comparison when looking at a number of individual stocks or cryptocurrencies.Since the market bottomed on March 23, 2020, [hotlink]Tesla[/hotlink] is up nearly 750%. [hotlink]Wayfair[/hotlink] has risen more than 900%. [hotlink]Penn National Gaming[/hotlink] has soared 820%. Bitcoin is up 650%, while Ethereum has surged more than 1,000%.These are extraordinary long-term gains for any investor, but the fact that they have occurred in such a short period of time makes it difficult for investors to figure out what to do next.Do you take profits off the table? Let your winnings rise in hopes of even greater gains in the future? Try to pick the next big winner?Unfortunately, there are no easy answers, because the future is unknowable. Obviously, sitting on huge gains is a good problem to have as an investor, but it can be a problem nonetheless if you don’t have a plan in place to guide your actions.In lieu of a crystal ball, here are five questions investors can ask themselves to figure out what to do next after seeing enormous profits in a single holding.\nThis is a question you should ask yourselfbeforebuying anything as an investor because it helps define your risk profile and time horizon. However, you’re in a much better place to consider this question from the position of big gains than big losses.\nSome investors prefer to buy and hold come hell or high water. Others prefer to be more tactical in terms of taking profits or selling their losers.\nMany crypto advocates have decided to buy and hold for more or less forever. Tesla has a similarly strong shareholder base. There’s nothing wrong with this strategy as long as you’re willing to put up with bone-crushing volatility on occasion.\nOthers don’t have the intestinal fortitude to hold on for all of eternity. If that’s the case, you need to have some sort of exit strategy or at least some rules of thumb to guide your actions and help understand when to sell all or some of your shares.\nCNBC’s Jim Cramerrecently announced he paid off his mortgage with profits earned from investing in Bitcoin. Is it possible Cramer will be missing out on further crypto profits in the future? Yes, that’s certainly possible.\nBut I don’t think anyone has ever regretted paying off their mortgage before, regardless of the opportunity cost involved. Some people have a higher risk threshold when it comes to taking on debt. Others can’t stand to pay interest and owe someone else money.\nIf you have another financial goal that those profits can help you meet, there’s nothing wrong with selling your winners to decrease financial stress in another area of your life.\nOne of the simplest ways to keep yourself honest as an investor is to consider how you would invest your capital if all of your money was sitting in cash today and you had to start all over.\nWould you still invest in the same asset classes, funds, or companies you own now? What would you do differently? What would remain unchanged?\nThere are tax consequences to your actions if held in a taxable account so you can’t actually do this every day in a cost-effective manner, but the idea here is to challenge your own investing ideas to en
**Last 60 Days of Bitcoin's Closing Prices:**
[45137.77, 49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-29
**Financial & Commodity Data:**
- Gold Closing Price: $1768.10
- Crude Oil Closing Price: $65.01
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,014,250,430,062
- Hash Rate: 143016532.0277861
- Transaction Count: 259465.0
- Unique Addresses: 703520.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: TORONTO, ON & NEW YORK, NY / ACCESSWIRE / March 15, 2021 /Khurram Shroff, Chairman of Dubai's IBC Group, has confirmed that the company will move its corporate headquarters to Toronto, the capital of the Ontario province of Canada. The IBC Group has also instituted a more flexible work policy for its employees, who can choose their office location or continue to work from home.
The IBC Group, one of the Middle East's oldest Blockchain investment companies, has more than 700 employees worldwide and investments in over 4,000 Blockchain projects. Founded in 2014, the IBC Group is currently headquartered in Dubai, UAE. However, in a move prompted by Toronto's rapidly growing status as a tech hub, the IBC Group has announced that it will be shifting its corporate headquarters to the Canadian city.
Tens of thousands of immigrant tech workers have flocked to Toronto in the past few years, making it the fastest-growing tech hub in North America. According to a recent study, 25% of Canada's workforce is made up of immigrants. And in the tech space, that number is an even higher, 40% or 350,000 workers.
"We have over 100,000 people immigrate to the Toronto region each year, which is twice as many as the San Francisco Bay Area," said Jason Goldlist, cofounder of TechToronto, a community for tech innovators that organizes a monthly technology event, where entrepreneurs get to meet and learn from, Toronto's tech leaders.
More than 140 languages are spoken in Toronto, making it the most multicultural city in the world, as well as being a hub for innovation and cutting-edge tech, such as Blockchain. The Toronto Stock Exchange recently listed the world's first Bitcoin ETF, and iMining Blockchain and Cryptocurrency Inc. (iMIN), which is set to acquire the IBC Group-backed CanETH subject to final approval by TSXV, emerged as the best performing stock on the TSX Venture Exchange, on its first day of public trading.
Khurram Shroff, Chairman of the IBC Group, points to these strengths as the drivers behind the company's decision to move its corporate headquarters to Toronto. "We believe this move best positions us for growth, as well as providing our personnel with more flexibility about where and how they work," Khurram elaborated.
IBC Group has been at the forefront of Blockchain-based projects and initiatives globally. The group's investment in the POS Blockchain was instrumental in the Ethereum 2.0 beacon chain reaching the required threshold for its launch in December 2020. Ethereum is the world's second-largest Blockchain, with a market cap of over $200 Billion. The company also made headlines with a 100,000 Bitcoin pledge, which aims to set up the Miami 2.0 Blockchain Strategy. This IBC initiative will help Miami achieve its ambition of becoming a leading technological hub in the United States by leveraging 3 strategic pillars: Government Efficiency, Tech Industry Attraction, and Effective Leadership.
Despite the decision to move its corporate headquarters to Toronto, the IBC Group will retain its presence in Dubai. "We will continue to support major hubs for the IBC Group around the world, including those in Dubai, Kiev, London, Lisbon, and Nairobi, among others. We also expect to add other locations over time," Khurram confirmed.
About Khurram Shroff
Arab ‘whale' Khurram Shroff, whose IBC group has invested in over 4000 different Blockchain projects, has been an ardent champion of Blockchain and was also instrumental in the recent launch of Ethereum 2.0 through an investment of around 100,000 Ether staked. Khurram is an award-winning global banking and finance leader who has been featured in the prestigious list of the "Top100 Most Powerful and Influential Muslims in Great Britain and the World" by Power100. He is the Chairman of IBC Group, which is a substantial Global Real Estate and Tech investment company based in the UAE, as well as Chairman of Gallery Suites, which focuses on inspirational living with bespoke art collections in holiday home properties across the Middle East and Asia.
About IBC Group
IBC Group Limited is a Substantial Investment Company based in the UAE since 2014, with a focus on private equity investment in Blockchain Technology, Real Estate, and Art. Since its inception, IBC Group Limited has focused on investments with a strategic, ethical, and innovative strategy, leveraging strong partnerships and cutting-edge technologies.https://www.ibccapital.org/
For more information or interviews, please contact:Neha KaulYour Wordsmiths - Content & [email protected]
SOURCE:IBC Group
View source version on accesswire.com:https://www.accesswire.com/635530/Dubai-Based-Blockchain-Investment-Firm-IBC-Group-to-Move-Headquarters-to-Toronto-Joining-Canadas-Growing-Blockchain-Eco-System...
- Reddit Posts (Sample): [['u/Moon_Matrix_', 'I’m gonna say it. And don’t really care if some don’t like it.', 66, '2021-04-29 00:06', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/', 'If you’ve been watching the charts and price for the last couple of days like I have, you’ll notice that it stays within a certain number 0.0000050 and 0.0000058. It’s gone to a 49 and even a 59. But if you watch it close, you’ll see that every single time it gets up towards the 58/59 someone will dump enough to put it back down to 49/50 on average. Every single time. Pay attention and you’ll notice the pattern as well. \n\nNow there’s going to be some that want you to believe that it’s the market. Sure. You’re entitled to believe what ever you want. But, take a look at other established cryptos like ETH and Bitcoin. Bitcoin was down bad. Down to 48k at one point. And now it’s back up. Their market is more established than SafeMoon is. And yet, they’ve seen an increase in price. \nSafeMoon has not, even with all the new exchanges and 1.4 million addresses. Now let’s take ZBG in to account. There were several delays specifically because of the amount of demand for SafeMoon. But yet, there has been no increase in price. Why? Theres supposedly more volume. There’s supposedly new exchanges. And yet, the price stays within those smaller numbers I mentioned above. Why is that? \n\nIt’s my opinion that keeping the price where it’s at is intentional. ( yes, you can control the market with the amount of coins that just a couple of whales have ) But why? \nPay attention the numbers. You can pull up MXC.com or Bogged.finance and you’ll see exactly what I’m talking about when it comes to keeping the price low. ( or what ever your favorite chart is ) Now I’m fully expecting for there to be some turmoil over my post. I’m also fully expecting the typical “ you just don’t know crypto “ comments. Or some slander calling my experience Into account. It is what it is and I made this post because I’m not worried about what others opinion of me are. \n\nI’m only pointing out something that others are and are clearly being ignored. There are way more holders that hold way less than billions than there are whales or sharks. Our community grows and our holders grow. So Why isn’t the price going up? All I’m saying is pay attention to the numbers because I have, And it’s super sketchy. \n\nAs I’ve said 10 times before, I’m holding my bags until it blows up. It’s easier for someone to say “just wait and be patient” for those that aren’t watching the numbers. I’m being patient. I’m also trying to protect my investment which is perfectly fine for me to have concerns about something that seems to be noticed by more people each day. \n\nSo is it fair that the market CAN be manipulated by a handful of people? Sure. It’s their coins. But is it a dirty little card trick? Hell yeah it is. \n\nSome of cryptos dirty little secrets I guess.', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/', 'n0q2uk', [['u/Weary-Locksmith4615', 43, '2021-04-29 00:10', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw85fva/', 'Honestly I think your right, you should sell everything I’ll take your 5%', 'n0q2uk'], ['u/Goodways83', 13, '2021-04-29 00:11', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw85i6d/', "Is this how all Cryptos begin? Is this the process? I'm hodling. This community is strong.", 'n0q2uk'], ['u/Gainsgot', 10, '2021-04-29 00:11', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw85lw5/', 'I see your point, however I don’t think it’s something anyone can do anything about. If individual people with the money to do so are just buying low and selling high then debuting at that low and selling high etc.... it’s a free market and could be the case with any currency/stock. The only thing we can do is hold and as more and more new people invest and we get into more mainstream, more easily used exchanges we will break through the barrier so those whales no longer effect the prices as much. To consolidate, it’s not a problem with Safemoon, it’s a problem with every market on an exchange so just sell your shares give us the 5% if your are not backing the project. But any other crypto at a low price point will have exactly the same market place', 'n0q2uk'], ['u/Stinky_Dinkers', 24, '2021-04-29 00:12', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw85o5j/', 'That’s why you only put in what you can afford to lose. I bought at ATH too and I didn’t average down. Why? Because I put 100$ in. I could give a shit if it goes nowhere. Just wanted to give myself a chance if it does the improbable.', 'n0q2uk'], ['u/zyzzbrah21', 70, '2021-04-29 00:12', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw85qmt/', 'u clearly don\'t know how supports and resistances work lol. Price reaches a point of resistance, people sell, Price reaches support, people buy. the point of larger whales is to drag out this bull flag, and anyone that cant tell that they are doing a good job of that is blind. Big buyers love to play the chart out as it develops structure. It has done this same thing 4-5x if you have been around since early march like some of us have. Be patient, eventually, when the time is right, they will let up and volume will push us through those levels and on to new highs, and when that is, come back to this post and reply with a "you were right" just so i know you remembered my words.', 'n0q2uk'], ['u/JRod_78', 22, '2021-04-29 00:13', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw85ry8/', 'Volume is not up, it is well down. Yes there are more exchanges, but the volume has been very low for the last week or so. Look at how slowly your balance is growing right now from reflections. We peaked with volume on 22 April with $191m, then had $84m, $68m, $73m, $38m, $49m.', 'n0q2uk'], ['u/DropKickPandaU', 16, '2021-04-29 00:13', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw85ta6/', 'Then you get comments like this 👆🏻 for being genuinely concerned!', 'n0q2uk'], ['u/PretendTangelo', 16, '2021-04-29 00:15', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw861h3/', 'Whale wallets keeping the price down by selling tiny chunks of their stacks (massive amounts for us are just reflections for them). Im guessing they want to keep the price down for now until they believe the project is ready for lift-off. If the price rockets upwards now it will cause a massive dump straight after... We are still very very early in the project life cycle. Currently safemoon serves no purpose except to act as a sort of savings account accruing interest.', 'n0q2uk'], ['u/Eggplant-Most', 11, '2021-04-29 00:17', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw86cob/', 'I’ve never seen someone manage to say so little in so many words 😂', 'n0q2uk'], ['u/soonerhammer50', 13, '2021-04-29 00:21', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw86tiq/', "I'm a bit of a noob, but I'm a bit confused by this line of thinking (which I've seen in other posts as well). My question is — who would want to keep the price low and why? Wouldn't the whales benefit more by letting the price shoot up again before dumping? Seems to me like they are just taking profits (which I would do also if my bag were that size.). Also, a stable price seems to encourage more investors (folks are afraid of jumping in when the trend is upward already), and discourages selling (like when people panic during dips). I'm ready to go to the moon and I'm hodling for sure, but it seems like slow and steady is the key. As long as the number of holders keeps growing, coins keep burning, and whales keep dumping (lowering their leverage), this seems advantageous for Safemoon. Am I missing something?", 'n0q2uk'], ['u/jeb2835', 10, '2021-04-29 00:25', 'https://www.reddit.com/r/SafeMoon/comments/n0q2uk/im_gonna_say_it_and_dont_really_care_if_some_dont/gw87alb/', 'Drawing out consolidation and slowly taking profits increases the stability of the coin by promoting a healthy bull flag pattern with reinforced support levels and lowering the whale ceiling which decreases whale control by creating a more even distribution of coins which again, builds stability. \n\nBelieving whales want the project to fail is just a misunderstanding, especially when our actions show otherwise; we believe in the project and want it to succeed just as much as you all do.', 'n0q2uk']]], ['u/OakTreader', "I'm not crazy?", 105, '2021-04-29 01:02', 'https://www.reddit.com/r/Buttcoin/comments/n0r7hh/im_not_crazy/', 'I\'m SO glad I found this subreddit. Seriously I didn\'t know there were communities like this... I\'m not huge a social media, or reddit for that matter.\n\nI was starting to think I was crazy. I mean it! Everyone I know talks to me about crypto currency.. Buttcoins... or now Dogcoins.. or some other nonsense.\n\nI respond with: "Are you planning on starting a human-trafficking side-job? Guns? Drugs? NO? Then what you could you possibly do with Buttcoins?"\n\nTheir answers are always something like: "No, it\'s an investment. These currencies will be around for a long time and worth quite a bit in a few years..."\n\nMe: "Who do you know, that uses these? And for what kind of purchases?"\n\nThem: "No, no, it\'s not like that...."\n\nMe: "Oh, how is it then?"\n\nThem: "It\'s complicated."\n\nMe: "Do you understand it?"\n\nThem... silence... fear... \n\nWhy are some many ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 2.36% on Thursday. Following on from a 0.33% decline on Wednesday, Bitcoin ended the day at $53,566.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $55,222.0 before hitting reverse. Falling short of the first major resistance level at $56,222, Bitcoin slid to a late intraday low $52,377.0. The sell-off saw Bitcoin fall through the first major support level at $53,707 and the second major support level at $52.554. Finding late support, however, Bitcoin broke back through the second major support level to end the day at $53,500 levels. The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Binance Coin and Polkadot rose by 6.60% and by 8.49% respectively to lead the way. Chainlink (+0.59%), Ethereum (+0.27%), and Ripple’s XRP (+2.90%) also found support. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV (-0.73%), Cardano’s ADA (-2.37%), Crypto.com Coin (-1.01%), and Litecoin (-1.27%) joined Bitcoin in the red. In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Wednesday high $2,124bn. At the time of writing, the total market cap stood at $2,013bn. Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.20%. At the time of writing, Bitcoin’s dominance stood at 49.45%. This Morning At the time of writing, Bitcoin was down by 0.59% to $53,250.0. A mixed start to the day saw Bitcoin rise to an early morning high $53,638.0 before falling to a low $53,068.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Binance Coin and Crypto.com Coin were down by 1.73 and by 1.77% respectively to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move through the $53,722 pivot to bring the first major resistance level at $55,066 into play. Support from the broader market would be needed for Bitcoin to break out from $54,500 levels. Barring an extended crypto rally, the first major resistance level and Thursday’s high $55,222.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $56,567. Failure to move through the $53,722 would bring the first major support level at $52,221 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $50,877 and the 23.6% FIB of $50,473. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Prices Slip on Strong GDP Figures Crude Oil Price Update – Trading on Strong Side of Short-Term Retracement Zone at $63.47 to $62.29 European Equities: It’s A Busy Economic Calendar With GDP Figures in Focus Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 30th, 2021 EUR/USD Mid-Session Technical Analysis for April 29, 2021 Crude Oil Price Forecast – Crude Oil Markets Pressing Higher', 'Bitcoin , BTC to USD, fell by 2.36% on Thursday. Following on from a 0.33% decline on Wednesday, Bitcoin ended the day at $53,566.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $55,222.0 before hitting reverse. Falling short of the first major resistance level at $56,222, Bitcoin slid to a late intraday low $52,377.0. The sell-off saw Bitcoin fall through the first major support level at $53,707 and the second major support level at $52.554. Finding late support, however, Bitcoin broke back through the second major support level to end the day at $53,500 levels. The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Binance Coin and Polkadot rose by 6.60% and by 8.49% respectively to lead the way. Chainlink (+0.59%), Ethereum (+0.27%), and Ripple’s XRP (+2.90%) also found support. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV (-0.73%), Cardano’s ADA (-2.37%), Crypto.com Coin (-1.01%), and Litecoin (-1.27%) joined Bitcoin in the red. In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Wednesday high $2,124bn. At the time of writing, the total market cap stood at $2,013bn. Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.20%. At the time of writing, Bitcoin’s dominance stood at 49.45%. This Morning At the time of writing, Bitcoin was down by 0.59% to $53,250.0. A mixed start to the day saw Bitcoin rise to an early morning high $53,638.0 before falling to a low $53,068.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Binance Coin and Crypto.com Coin were down by 1.73 and by 1.77% respectively to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move through the $53,722 pivot to bring the first major resistance level at $55,066 into play. Support from the broader market would be needed for Bitcoin to break out from $54,500 levels. Barring an extended crypto rally, the first major resistance level and Thursday’s high $55,222.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $56,567. Failure to move through the $53,722 would bring the first major support level at $52,221 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $50,877 and the 23.6% FIB of $50,473. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Prices Slip on Strong GDP Figures Crude Oil Price Update – Trading on Strong Side of Short-Term Retracement Zone at $63.47 to $62.29 European Equities: It’s A Busy Economic Calendar With GDP Figures in Focus Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 30th, 2021 EUR/USD Mid-Session Technical Analysis for April 29, 2021 Crude Oil Price Forecast – Crude Oil Markets Pressing Higher', 'Photo Illustration by The Daily Beast / Photos via Getty A confession letter written by Joel Greenberg in the final months of the Trump presidency claims that he and close associate Rep. Matt Gaetz paid for sex with multiple women\x97 as well as a girl who was 17 at the time . \x93On more than one occasion, this individual was involved in sexual activities with several of the other girls, the congressman from Florida\x92s 1st Congressional District and myself,\x94 Greenberg wrote in reference to the 17-year-old. \x93From time to time, gas money or gifts, rent or partial tuition payments were made to several of these girls, including the individual who was not yet 18. I did see the acts occur firsthand and Venmo transactions, Cash App or other payments were made to these girls on behalf of the Congressman.\x94 The letter, which The Daily Beast recently obtained, was written after Greenberg\x97who was under federal indictment\x97asked Roger Stone to help him secure a pardon from then-President Donald Trump. A series of private messages starting in late 2020\x97also recently obtained by The Daily Beast\x97shows a number of exchanges between Greenberg and Stone conducted over the encrypted-messaging app Signal, with communications set to disappear. However, Greenberg appears to have taken screenshots of a number of their conversations. \x93If I get you $250k in Bitcoin would that help or is this not a financial matter,\x94 Greenberg wrote to Stone, one message shows. \x93I understand all of this and have taken it into consideration,\x94 Stone replied. \x93I will know more in the next 24 hours I cannot push too hard because of the nonsense surrounding pardons.\x94 \x93I hope you are prepared to wire me $250,000 because I am feeling confident,\x94 Stone wrote to Greenberg on Jan. 13. In a text message to The Daily Beast, Stone said that Greenberg had tried to hire him to assist with a pardon, but he denied asking for or receiving payment or interceding on his behalf. He did, however, confirm he had Greenberg prepare \x93a document explaining his prosecution.\x94 Story continues In the private text messages to Stone, Greenberg described his activities with Gaetz, repeatedly referring to the Republican congressman by his initials, \x93MG,\x94 or as \x93Matt.\x94 \x93My lawyers that I fired, know the whole story about MG\x92s involvement,\x94 Greenberg wrote to Stone on Dec. 21. \x93They know he paid me to pay the girls and that he and I both had sex with the girl who was underage.\x94 As part of the effort to obtain a pardon, Greenberg wrote multiple drafts of his confession letter. The Daily Beast obtained two typed versions and an earlier handwritten one. Certified forensic document examiner and handwriting expert Wendy Carlson compared the letter to writing samples obtained through two public-records requests. She said it was her professional expert opinion that the person who authored a 2019 financial disclosure for Joel Greenberg, as well as Greenberg\x92s 2020 Board of Elections form, was the same as the author of the letter. \x93The person who authored the forms has been identified as the person who authored the letter,\x94 Carlson said. The Crazy Case of Gaetz Wingman\x92s Fraudulent COVID Relief Loans In those letters, Greenberg detailed his relationship with Gaetz. He confessed to paying young women for sex. And he claimed that he, Gaetz, and others had
**Last 60 Days of Bitcoin's Closing Prices:**
[49631.24, 48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-04-30
**Financial & Commodity Data:**
- Gold Closing Price: $1767.30
- Crude Oil Closing Price: $63.58
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,011,357,038,312
- Hash Rate: 169978665.11499172
- Transaction Count: 289389.0
- Unique Addresses: 738101.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Hello and welcome back toEquity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
This is our Wednesday show, where we niche down and focus on a single topic, or theme. This is our sweet spot: going beyond definitions and into the dirty and deep impact of how a phenomenon could impact startups and tech. We are hoping to explore more than answer, and debate more than agree.
NFTs, or non-fungible tokens, is this week's topic! This is something that you have nearly certainly heard of in the past few weeks but probably don't understand with perfect clarity. While we've all seen the Twitter threads of basic definitions, consider this episode the appetizer to your aperitif understanding.
The Equity team put on our research caps, dug in, and found quite a lot to like. But we did not tread alone: our EICMatthew PanzarinojoinedChrisandAlexandDannyandNatashato help us out. Panzer was early to the NFT world and has contributed some ofTechCrunch’s reporting on the matter.
So, what did we get into? More than a little:
We spent a few minutes on the NFT basics, including historical examples and how NFTs are minted, as well as some examples of how they have been used recently.
From there we riffed on use-cases more broadly, and where we might find NFTs in the wild. Sure, we talked about visual art, but also music, tickets and sports moments. The NFT world has the possibility of a large remit if it plays its,ahem, tokens correctly.
Then we talked culture. What could it mean that NFTs are in the market? Could residual incomes from the reselling of NFTs constitute a material revenue base for future artists, and how broad can the value-experiment go? Depending on which side of the NFT hype-cynicism divide you land, there’s plenty of room for discussion. A point made by Panzer:
NFT's and the architecture of smart contracts and the way that social tokens work, these are all opportunities for the creators and originators of culture, to finally take part and participate in their rewards of the platforms of that culture -- you know, that hosts that culture. Because we've seen it over and over again: Artist blows up on TikTok, and you know, somebody does a dance to them, and then that video blows up. What does the artist get out of it? Sometimes they get a recording deal. Many times they get nothing. Right? In Vine, famously built on Black creators and brown creators and Latino creators and Latino creators. You know, TikTok, very much the same. Black Twitter one of the early driving forces of engagement on Twitter and culture on Twitter -- how many of them were actually able to participate in the economic rewards of Twitter as a platform selling advertising and making millions of dollars and their stock going bonkers? Besides, of course, you know, maybe they were able to purchase stock, right? So the, the remapping of how creators can participate in that economy directly by saying, “Hey, I've created something of value, and I'd love to connect directly with the people that enjoy that and they can provide me value back” -- that’s what’s so exciting about this.
And we chatted just a minute about theweight, or carbon footprint, of different blockchains. There’s real nuance to this point of argument, but it was also something we couldn’t avoid. Panzer again:
And this is probably the biggest negative blowback on Ethereum and NFTs is that Ethereum is by nature a very heavy chain, which means that it takes a lot of work to prove that a block has been written to the chain. Not quite as heavy as Bitcoin, but it's up there. And that energy usage that was used to mine that Ethereum that's being spent on the chain to confirm a new transaction is being sort of credited forwards in-- for lack of a better term to the artists minting on it. I don't think that's absolutely fair. But it's absolutely fair to acknowledge that it does have an ecological impact.
Every week Equity will bring you something special on Wednesdays, adding to our regular Monday (weekly kickoff!) and Friday (news roundup!) shows. The world of tech is large, diverse, and variously dangerous and delightful. We're excited to keep talking through it with you.
Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday morning at 7:00 a.m. PST, so subscribe to us onApple Podcasts,Overcast,Spotifyand all the casts....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rallied by 7.59% on Friday. Reversing a 2.36% loss from Thursday, Bitcoin ended the month down by 1.98% to $57,630.0.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $53,068.0 before making a move.\nSteering clear of the first major support level at $52,221, Bitcoin rallied to a late intraday high $57,611.0.\nBitcoin broke through the first major resistance level at $55,066 and the second major resistance level at $56,567.\nFalling short of $58,000 levels, however, Bitcoin eased back to end the day at sub-$57,600 levels.\nThe near-term bullish trend remained intact supported by the return to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nPolkadot bucked the trend, falling by 5.80%.\nIt was a bullish end to the month for the rest of the majors, however.\nRipple’s XRPrallied by 14.39% to lead the way.\nBinance Coin(+3.89%),Bitcoin Cash SV(+5.96%),Cardano’s ADA(+3.68%),Chainlink(+4.65%),Crypto.com Coin(+5.32%), andLitecoin(+6.30%) also made solid gains.\nEthereum(+0.64%) trailed the front runners, however.\nFor the month of April, it was a mixed month for the majors.\nCrypto.com Coin joined Bitcoin in the red, with a 6.49% loss.\nIt was a bullish month for the rest of the majors, however.\nRipple’s XRP and Binance Coin surged by 180.63% and by 106.01% respectively to lead the way.\nBitcoin Cash SV (+36.87%), Chainlink (+29.83%), Ethereum (+44.61%), and Litecoin (+37.93%) also found particularly strong support, with Cardano’s ADA gaining 13.61%.\nPolkadot saw a modest gain of 0.22%, however.\nIn the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Friday high $2,193bn. At the time of writing, the total market cap stood at $2,154bn.\nBitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.18%. At the time of writing, Bitcoin’s dominance stood at 50.28%.\nAt the time of writing, Bitcoin was up by 0.28% to $57,794.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,350.0 before rising to a high $57,930.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCrypto.com Coin (+0.36%), Litecoin (+0.46%), and Polkadot (+0.22%) joined Bitcoin in the green early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Binance Coin was down by 0.77% to lead the way down.\nBitcoin would need to avoid the $56,164 pivot to bring the first major resistance level at $59,260 into play.\nSupport from the broader market would be needed for Bitcoin to break out from $58,500 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829. The second major resistance level sits at $60,890.\nFailure to avoid a fall through the $56,164 would bring the first major support level at $54,334 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $51,438.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Weekly Price Forecast – Stock Markets Hesitate at End of Month\n• Gold Weekly Price Forecast – Gold Markets Pull Back From 50 Week EMA\n• Crude Oil Weekly Price Forecast – Crude Oil Continues Consolidation\n• USD/CAD Daily Forecast – U.S. Dollar Attempts To Rebound Against Canadian Dollar\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 1st, 2021\n• European Equities: A Week in Review – 30/04/21', 'Bitcoin , BTC to USD, rallied by 7.59% on Friday. Reversing a 2.36% loss from Thursday, Bitcoin ended the month down by 1.98% to $57,630.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $53,068.0 before making a move. Steering clear of the first major support level at $52,221, Bitcoin rallied to a late intraday high $57,611.0. Bitcoin broke through the first major resistance level at $55,066 and the second major resistance level at $56,567. Falling short of $58,000 levels, however, Bitcoin eased back to end the day at sub-$57,600 levels. The near-term bullish trend remained intact supported by the return to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Polkadot bucked the trend, falling by 5.80%. It was a bullish end to the month for the rest of the majors, however. Ripple’s XRP rallied by 14.39% to lead the way. Binance Coin (+3.89%), Bitcoin Cash SV (+5.96%), Cardano’s ADA (+3.68%), Chainlink (+4.65%), Crypto.com Coin (+5.32%), and Litecoin (+6.30%) also made solid gains. Ethereum (+0.64%) trailed the front runners, however. For the month of April, it was a mixed month for the majors. Crypto.com Coin joined Bitcoin in the red, with a 6.49% loss. It was a bullish month for the rest of the majors, however. Ripple’s XRP and Binance Coin surged by 180.63% and by 106.01% respectively to lead the way. Bitcoin Cash SV (+36.87%), Chainlink (+29.83%), Ethereum (+44.61%), and Litecoin (+37.93%) also found particularly strong support, with Cardano’s ADA gaining 13.61%. Polkadot saw a modest gain of 0.22%, however. In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Friday high $2,193bn. At the time of writing, the total market cap stood at $2,154bn. Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.18%. At the time of writing, Bitcoin’s dominance stood at 50.28%. Story continues This Morning At the time of writing, Bitcoin was up by 0.28% to $57,794.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,350.0 before rising to a high $57,930.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Crypto.com Coin (+0.36%), Litecoin (+0.46%), and Polkadot (+0.22%) joined Bitcoin in the green early on. It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 0.77% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid the $56,164 pivot to bring the first major resistance level at $59,260 into play. Support from the broader market would be needed for Bitcoin to break out from $58,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829. The second major resistance level sits at $60,890. Failure to avoid a fall through the $56,164 would bring the first major support level at $54,334 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $51,438. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Hesitate at End of Month Gold Weekly Price Forecast – Gold Markets Pull Back From 50 Week EMA Crude Oil Weekly Price Forecast – Crude Oil Continues Consolidation USD/CAD Daily Forecast – U.S. Dollar Attempts To Rebound Against Canadian Dollar Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 1st, 2021 European Equities: A Week in Review – 30/04/21', 'NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Ebang International Holdings Inc. (“Ebang” or the “Company”) (NASDAQ: EBON) and certain of its officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 21-cv-09859, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Ebang securities between June 26, 2020 and April 5, 2021, inclusive (the “Class Period”). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the “Exchange Act”).\nIf you are a shareholder who purchased Ebang securities during the Class Period, you have until June 7, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained atwww.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby [email protected] 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.\n[Click here for information about joining the class action]\nEbang purports to be a leading application-specific integrated circuit (“ASIC”) chip design company and a leading manufacturer of Bitcoin mining machines.\nThe complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) that the proceeds from Ebang’s public offerings had been directed to an low yield, long term bonds to an underwriter and to related parties rather than used to develop the Company’s operations; (2) that Ebang’s sales were declining and the Company had inflated reported sales, including through the sale of defective units; (3) that Ebang’s attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures; (4) that Ebang’s purported cryptocurrency exchange was merely the purchase of an out-of-the-box crypto exchange; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially m
**Last 60 Days of Bitcoin's Closing Prices:**
[48378.99, 50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-01
**Financial & Commodity Data:**
- Gold Closing Price: $1767.30
- Crude Oil Closing Price: $63.58
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,093,640,900,475
- Hash Rate: 158954589.9843886
- Transaction Count: 262991.0
- Unique Addresses: 677778.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Irvine, CA, March 03, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB:FDCT), a fintech company with a full suite of FX technology and business solutions, today announced that it is accepting Bitcoin (BTC) as a customer payment option. This initiative will allow non-US customers to seamlessly pay technology and software development fees while avoiding the financial intermediaries and transaction fees associated with payment using local currencies. To those customers choosing to pay in Bitcoin, FDC will offer discounts for any invoice over ten thousand ($10,000). The ease of cross-border payments via BTC also reduces the set-up time for non-US customers.
The Company sees several benefits to adopting BTC as a payment method – faster payment, decreased chargebacks and reduced transaction fees. The overall transaction fees can rise to 4% of the invoice amount if paid through bank cards via a third-party. Further, the Company may avoid the costs associated with managing multiple currency accounts for non-US customers. As more and more clients adopt and accept cryptocurrency, the Company expects cash flow to benefit from faster settlement and significantly reduced credit risks since bitcoin payments require funds to be present in digital wallets at the time of the payment.
The Company expects to expand its services in developing economies where the uncertainty of Covid brings the potential for currency volatility. For businesses operating in these countries, the use of bitcoin, a digital currency with a universal settlement, offers an attractive alternative to holding currency balances that may be subject to adverse movements in local currencies.
FDCTech is a business based in the United States, and as such, holds most of its liquid assets in US-dollars at an FDIC-insured institution.
FDCTech, Inc.
FDCTech, Inc. ("FDC"), formerly known as Forex Development Corporation, is a US-based, fully integrated financial technology company. FDC delivers trading technology solutions to forex market participants looking to access the retail and institutional spot forex markets.
Press Release Disclaimer
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
Contact Media RelationsFDCTech, [email protected]+1 877-445-6047200 Spectrum Drive, Suite 300,Irvine, CA, 92618...
- Reddit Posts (Sample): [['u/Mr-Procrastinator', 'Bitcoin-Lightning powered help for the Covid crisis in India', 267, '2021-05-01 00:11', 'https://www.reddit.com/r/Bitcoin/comments/n24qp5/bitcoinlightning_powered_help_for_the_covid/', 'Help India fight the Covid emergency!\n\nWith the Covid-19 situation escalating in India faster than anyone expected, an unprecedented health crisis arises. \n\nWe decided to build [covid.lastbit.io](https://covid.lastbit.io) to help the crypto relief fund in India, with the mission to help them alleviate the Covid crisis in India by helping them get funds to provide healthcare and essentials to those suffering from the pandemic. \n\nWe built the site on top of the Bitcoin Lightning Network which means we enable anyone to donate anything starting from a few sats or cents. This wouldn’t be possible without this technology. \n\nHelp us help them. Every sat counts.\n\nLet’s show the World what this community stands for!', 'https://www.reddit.com/r/Bitcoin/comments/n24qp5/bitcoinlightning_powered_help_for_the_covid/', 'n24qp5', [['u/JAV4lifer', 61, '2021-05-01 02:04', 'https://www.reddit.com/r/Bitcoin/comments/n24qp5/bitcoinlightning_powered_help_for_the_covid/gwhjrhd/', "I'm not saying this is a scam but just be careful when relinquishing your btc, make sure it's legit. Especially during hard times, there will be scammers out there. \n\nAgain, I'm not saying this is a scam but I also don't know how to verify. Good luck to all and I do hope India gets over this.", 'n24qp5'], ['u/thatdude2658', 10, '2021-05-01 03:17', 'https://www.reddit.com/r/Bitcoin/comments/n24qp5/bitcoinlightning_powered_help_for_the_covid/gwhsaio/', 'You sir just might’ve been scammed', 'n24qp5'], ['u/Mr-Procrastinator', 16, '2021-05-01 03:38', 'https://www.reddit.com/r/Bitcoin/comments/n24qp5/bitcoinlightning_powered_help_for_the_covid/gwhul09/', "Thank you for you concern. As a matter of fact, since this post, I've already been contacted by a scammer via private chat, so scammers are indeed out there. In this particular case, within the link you can find an auditable address so that you can personally verify the flow of your transaction.\n\nWhile your comment doesn't precisely shine the best light on my post, I do appreciate that you chose cautious words to make readers think critically, instead of just berating me or calling me out. So thank you for that, it's quite civilized, which isn't as common as I'd like.", 'n24qp5']]], ['u/brrrbrbr', 'How to minimize transaction fee for a business to accept crypto', 11, '2021-05-01 00:37', 'https://www.reddit.com/r/Bitcoin/comments/n257z7/how_to_minimize_transaction_fee_for_a_business_to/', 'Disclaimer: I’m a newbie and I’m really getting into the principle and technology of DeFi and cryptocurrencies. \n\nI want to start accepting crypto at my business. I understand that most people who currently own crypto may not want to spend it right now, but I want to be a part of the movement encouraging more widespread acceptance in my community.\n\nWhat is the best way to start, while trying to minimize miners fees since an average transaction may be rather small (<$10USD)? Would using BTCPay linked to an Electrum Bech32 wallet be the best to go about this?', 'https://www.reddit.com/r/Bitcoin/comments/n257z7/how_to_minimize_transaction_fee_for_a_business_to/', 'n257z7', [['u/lilkeysss', 17, '2021-05-01 00:39', 'https://www.reddit.com/r/Bitcoin/comments/n257z7/how_to_minimize_transaction_fee_for_a_business_to/gwh9wt3/', 'lightning network', 'n257z7']]], ['u/TonberryHS', '50 Top Tips For Newcomers to Cryptospace!', 262, '2021-05-01 00:54', 'https://www.reddit.com/r/CryptoCurrency/comments/n25jh3/50_top_tips_for_newcomers_to_cryptospace/', '&#x200B;\n\nr/CryptoCurrency is the fastest growing on Reddit, and we\'re currently at 2.4 million subscribers and I\'ll wager a lot more lurkers/unsubbed. The majority of the new people may have only just discovered cryptospace or even investing for the first time, and it can all be quite daunting. Especially looking it to this subreddit with it\'s established diction, memes and rules. I see lots of posts saying "be nice to new people" and "don\'t be a dick to newbies" farming lots of upvotes, but not much actually helping new people or pointing them in the right directions. So to that end:\n\n**Here are 50 tips for new investors to really help out; stuff I wish I knew when I started in 2017.**\n\nStandard clause about tips and tricks below shouldn’t be mistaken for professional investment advice; instead this is basic friendly advice to mull over. I\'m a stranger on the internet. Don\'t listen to me. Or do. Learn from my mistakes. Or don\'t. :)\n\n&#x200B;\n\n1. **Use a digital exchange, not a broker**. You’ll save money on fees.\n2. When you buy/sell via an exchange, **try to use** **limit orders** **(try not to use market orders)**. On some exchanges, limit orders are MUCH cheaper than market orders. Even if they aren’t, they tend to be easier to work with as you can set them and forget them and avoid slippage.\n3. **You can short crypto, or long crypto**. You can go long in crypto, meaning you are betting on crypto going up (for example by buying crypto). Or you can short crypto, meaning you are betting on it going down (for example by short-selling crypto). Meanwhile, if you have the skills, you can do both depending on the price action (you can even use short positions as a hedge). With that said, in the US, in many states, there are very few options for shorting crypto. **If you are new to crypto, you should consider just going long. If you would go short, you can mimic a 1x short by selling and going to cash!**\n4. **Figure out if you want to go for long-term trades or short-term trades**. Are you going for short term trades with every penny you have to invest, or are you going to go for the long term with some and trading short term with some? Long-term investors will pay a lower tax rate if they can hold for over 12 months, but as a trade-off, they WILL have to sit through corrections (likely seeing their balance go down 50% plus on paper as often as they see it go up). Short-term investors can avoid corrections if they are nimble, but they’ll owe taxes on the profits from each trade they do along the way.\n5. **If you are going to aim to be in crypto for the long term, consider building an average position (for example via dollar cost averaging or value averaging)**. There is no better way to avoid making a poorly timed trade than buying incrementally instead of all at once and thereby buying an asset at its “average” price over time. If you don’t have a really solid grasp of technical indicators and the way the volatile crypto markets work, consider averaging out of positions as well. **Averaging isn’t just financially conservative, it is important psychologically**. Taking too big of a position at once can be emotionally difficult to deal with (and can thus lead to bad decision making) given the historic volatility of the cryptocurrency market.\n6. **Consider laddering your buys and sells**. In other words, instead of buying or selling everything in one chunk, set incremental buy and sell orders to buy when the price goes down and sell when the price goes up. Laddering and averaging will help you to avoid mistiming the complex and volatile cryptocurrency market. Learn about dollar cost averaging and laddering.\n7. **Learn about position sizing and risk management**. To the above point, one generally takes a much larger risk with bigger bets. Learn how to make the right size buys and sells to avoid losing too much on a bad play. See:\xa0The Basics of Risk Management and Position Sizing in Cryptocurrency.\n8. **Remember Cryptocurrency is a 24/7 Global Market**. IT IS NOT LIKE THE STOCK MARKET WITH OPEN AND CLOSEING TIMES. In other words, the market never sleeps. Since you do, consider automating your investing strategy using limit orders, stops, or even using APIs (via “trading bots“).\n9. **Dad advice: Aim to buy low, sell high; try not to buy high, sell low**. Look at the price trend, if we are at the highest point it has been in the past 24 hours (days, weeks, etc), that is inherently riskier than buying at a short term low. It can make sense to buy as the price starts to break out (to “buy into strength”), but buying after a breakout at a new high while filled with excitement is a little “irrationally exuberant.” This is to say, aim to “buy the dips” and often “the best time to buy is when there’s blood in the streets… even if it is your own.” Conversely, the worst time to buy is often (but not always) right after the price has shot up and everyone is manic. If you do buy high, and it ends up dropping shortly after, consider HODLing (to “[**HODL**](https://cryptocurrencyfacts.com/a-guide-to-holding-crypto-what-it-means-to-hodl/)” is to Hold On for Dear Life as the price goes down). Buying the dips and holding can be dangerous in a bear market, and it can put pressure on you to sell low if you overextend, but it is still often better than FOMO buying the top. Sometimes it can be wise to sell for a loss or to buy when the price is at a local high, but knowing when this is the case requires a rather high skill level. Thus, although rules sometimes are best broken, start by aiming to buy low and sell high. Two last points A. **Knowing when to take a loss is hard, buying the dips and holding is easy**. B. The dips WILL happen, **you must\xa0be patient and ward off FOMO**! C. **If you aren’t willing to see 90%+ losses, then call a point where you will take a loss and stick to the game plan**.\n10. **You cannot “buy the dips” if you have all your money to invest already invested**. LET US STRESS THIS POINT! The point should be obvious, but it bears repeating over and over. It is tempting to go all-in, but that limits your options. Consider always having some funds to the side to buy an unforeseen downturn. Even if you want to “go all-in” on crypt...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 0.25% on Saturday. Consolidating Friday’s 7.59% gain, Bitcoin ended the day at $57,774.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $58,326.0 before hitting reverse. Falling short of the first major resistance level at $59,260, Bitcoin fell to a mid-afternoon intraday low $57,000.0. Steering clear of the first major support level at $54,534, Bitcoin revisited $57,900 levels before easing back. The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Binance Coin (-0.43%), Cardano’s ADA (-0.13%), and Crypto.com Coin (-2.35%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors, however. Bitcoin Cash SV rallied by 12.35% to lead the way, with Chainlink and Ethereum seeing gains of 8.13% and 6.20% respectively. Litecoin (+1.99%), Polkadot (+0.89%, and Ripple’s XRP (+3.31%) also avoided the red. In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Saturday high $2,229bn. At the time of writing, the total market cap stood at $2,188bn. Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Saturday low 49.10%. At the time of writing, Bitcoin’s dominance stood at 49.24%. This Morning At the time of writing, Bitcoin was down by 0.43% to $57,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,900.0 before falling to a low $57,461.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (+0.79%), Crypto.com Coin (+0.89%), and Polkadot (+0.19%) found early support to buck the trend. It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 1.55% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move back through $57,700 pivot to bring the first major resistance level at $58,400 into play. Support from the broader market would be needed for Bitcoin to break back through to $58,000 levels. Barring an extended crypto rally, the first major resistance level and Saturday’s $58,326 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,026. Failure to move back through the $57,700 pivot would bring the first major support level at $57,074 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level at $56,374 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Prices Slide Falling 0.5% for the Week The Weekly Wrap – Impressive Stats from the U.S Give the Greenback a Much-Needed Boost E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Downside Bias Strengthens Under 33651 Silver Weekly Price Forecast – Silver Forms Exhaustion Candle Again S&P 500 Weekly Price Forecast – Stock Markets Hesitate at End of Month US Stocks – Apple, Alphabet Drag Wall Street Lower on Friday, but S&P 500 Posts 5% Gain in April', 'Bitcoin, BTC to USD, rose by 0.25% on Saturday. Consolidating Friday’s 7.59% gain, Bitcoin ended the day at $57,774.0.\nA bullish start to the day saw Bitcoin rise to an early morning intraday high $58,326.0 before hitting reverse.\nFalling short of the first major resistance level at $59,260, Bitcoin fell to a mid-afternoon intraday low $57,000.0.\nSteering clear of the first major support level at $54,534, Bitcoin revisited $57,900 levels before easing back.\nThe near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nBinance Coin(-0.43%),Cardano’s ADA(-0.13%), andCrypto.com Coin(-2.35%) saw red to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nBitcoin Cash SVrallied by 12.35% to lead the way, withChainlinkandEthereumseeing gains of 8.13% and 6.20% respectively.\nLitecoin(+1.99%), Polkadot (+0.89%, andRipple’s XRP(+3.31%) also avoided the red.\nIn the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Saturday high $2,229bn. At the time of writing, the total market cap stood at $2,188bn.\nBitcoin’s dominance rose to a Monday high 51.73% before falling to a Saturday low 49.10%. At the time of writing, Bitcoin’s dominance stood at 49.24%.\nAt the time of writing, Bitcoin was down by 0.43% to $57,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,900.0 before falling to a low $57,461.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (+0.79%), Crypto.com Coin (+0.89%), and Polkadot (+0.19%) found early support to buck the trend.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Ripple’s XRP was down by 1.55% to lead the way down.\nBitcoin would need to move back through $57,700 pivot to bring the first major resistance level at $58,400 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $58,000 levels.\nBarring an extended crypto rally, the first major resistance level and Saturday’s $58,326 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,026.\nFailure to move back through the $57,700 pivot would bring the first major support level at $57,074 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level at $56,374 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Gold Price Prediction – Prices Slide Falling 0.5% for the Week\n• The Weekly Wrap – Impressive Stats from the U.S Give the Greenback a Much-Needed Boost\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Downside Bias Strengthens Under 33651\n• Silver Weekly Price Forecast – Silver Forms Exhaustion Candle Again\n• S&P 500 Weekly Price Forecast – Stock Markets Hesitate at End of Month\n• US Stocks – Apple, Alphabet Drag Wall Street Lower on Friday, but S&P 500 Posts 5% Gain in April', 'Square (NYSE: SQ) is set to report its fiscal first-quarter earnings on Thursday after the bell. The fintech\x92s shares have nearly quadrupled since the start of 2020, and investors are wondering if there is an additional upside. The fact that Square is trading at nearly 200x forward earnings indicates that a lot of growth is baked into the share price. But Square, it turns out, is the type of company that can see explosive revenue growth for a long time . Square Had a Stellar 2020 Any discussion about Square\x92s long-term growth prospects has to start with Cash App. On the fourth-quarter earnings call, CFO Amrita Ahuja pointed out that, \x93In 2019, Cash App had only one revenue stream with $100 million in gross profit, and in 2020, we had four with approximately $100 million or more, each of which grew at over 100% year over year.\x94 Bitcoin was responsible for $97 million in gross profit, falling just short of that $100 million threshold, but up more than tenfold over 2019 levels. More on Bitcoin in a bit. As of December, Cash App had 36 million monthly active customers, up 50% yoy. The company\x92s average customer acquisition cost is less than $5, which is good because a) Square hasn\x92t had to spend too much money marketing Cash App and b) if growth slows down, Square can pour money into marketing to re-accelerate user growth. Moving to Seller, we see that Square got $1.51 billion in gross profit from this segment in 2020, up 8% yoy. That seems disappointing for a major part of a richly valued company, but remember, in-person transactions plummeted in 2020 due to the pandemic. In 2021 and beyond, the Seller growth rate should pick up. Bitcoin is Booming Bitcoin nearly tripled between October 1 and December 31, so it shouldn\x92t be surprising that Cash App made more than 40% of its 2020 Bitcoin gross profit in the fourth quarter. The price of Bitcoin didn\x92t go up much in January, but interest in the cryptocurrency \x96 as measured by Cash App activity \x96 increased a lot. Story continues In 2020, more than 3 million Cash App users bought or sold Bitcoin. But in January 2021, more than 1 million users bought Bitcoin for the first time. The cryptocurrency is up more than 70% since the beginning of February \x96 as of this writing \x96 which indicates that Cash App\x92s Bitcoin gross profit could record a sequential increase in the first quarter. In Square\x92s fourth-quarter earnings release, the company announced that it purchased 3,318 Bitcoin. The total purchase price was $170 million, so Square paid an average of $51,236 per Bitcoin. Square previously announced that it bought 4,709 bitcoins back when the price was a little over $10,000 per Bitcoin. Here\x92s the deal: You should disregard the direct impact of the Bitcoin investments on Square\x92s bottom-line. We\x92re talking about a few hundred million dollars of Bitcoin for a company with a $100 billion+ market cap. But Bitcoin, as both a direct source of gross profit and a way to get people using other parts of Cash App, is very valuable to Square. Square Has Long-Term Growth Opportunity The mobile payments market is projected to grow at a CAGR of nearly 20% over the next five years. Square, as an industry leader, could easily grow at a much faster rate. Moreover, th
**Last 60 Days of Bitcoin's Closing Prices:**
[50538.24, 48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-02
**Financial & Commodity Data:**
- Gold Closing Price: $1767.30
- Crude Oil Closing Price: $63.58
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,061,431,050,209
- Hash Rate: 189527186.5002797
- Transaction Count: 235214.0
- Unique Addresses: 587240.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.66
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin ( BTC ) retail investors have picked up the slack amid an apparent decline in institutional inflows so far this quarter, according to a report by JPMorgan strategist Nikolaos Panigirtzoglou. The decline in institutional investment may be one reason behind bitcoins failure to hold above $60,000, as CoinDesk has reported . However, all eyes are on a pickup in retail investment, especially given a new round of U.S. stimulus checks going out in recent days. Retail investors have purchased over 187,000 bitcoins so far this quarter, compared to roughly 172,684 by institutional investors, according to JPMorgan estimates. Institutions were heavy buyers in Q4, far outpacing retail investment. But now, both retail and institutional bitcoin flows are more equally balanced compared with Q4. The news was reported earlier by Bloomberg. Related Stories Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist...
- Reddit Posts (Sample): [['u/sv-giampa', 'Using NiceHash after EIP-1559', 30, '2021-05-02 00:04', 'https://www.reddit.com/r/NiceHash/comments/n2sob2/using_nicehash_after_eip1559/', "Hi everyone,\n\n**I'm going to share with you my optimistic thoughts** about mining profitability on NiceHash after the advent of EIP-1559. **Please give me a feedback about, i don't know if i am wrong in some way.**\n\n**Hypothesis**: after EIP-1559, Ethereum gas fees will be decreased. So miners will see their profits decreased as well. Secondly, ethereum network will burn ether coins for a deflationary action.\n\n**Reasoning**: Now, a miner that sees its profits decreased may not cover its electricity costs. So, the only way to cover electricity is simply to sell its mined ethers to a higher price, in such a way he can obtain profits too, as it already happeans on Bitcoin network. Moreover, the deflationary action of ether burning comes in support to increase ether coin price. Miners may become the major owners/accumulators of ether coin.\n\n**Thesis**: since the gas fees are fixed at a certain value in ether (\\~2 ETH per block, i know), increasing the price of the coin still increases the fiat value of the gas fees, at least up to a value that is ideally equal to the current one. This value will be decided by miners all together, because they will increase the price of ETH (as i already explained in my **reasoning)**. Alternatively, the Ethereum project will have to fail due to a lack of miners, at least until PoS is fully active, which in any case will come too late to revive the project.\n\nWith regards to NiceHash, buyers of hashpower will continue to pay sellers on the base of the final profit they will earn by mining on a pool. This implies that hashpower sellers on NiceHash will continue to receive payments that are undirectly determined by the current fiat value of gas fees.\n\n**Conclusion**: i think the EIP-1559 will not provide what it promises, that is the decrease of gas fees. But it will increase the fiat value of ether coin, that can be the true hidden target of the upgrade. If so, the EIP-1559 is nothing else than a price manipulation strategy. The good news is we miners will still earn, without a true consistent loss of profits.\n\n**This is only my opinion**. I ask you to find and explain another realistic scenario that destroys my optimistic one, in order to convince me to sell my rig forever. However, what we will gain from this discussion will be very useful to everyone.\n\nThank you!", 'https://www.reddit.com/r/NiceHash/comments/n2sob2/using_nicehash_after_eip1559/', 'n2sob2', [['u/Pismo_Beach', 49, '2021-05-02 00:54', 'https://www.reddit.com/r/NiceHash/comments/n2sob2/using_nicehash_after_eip1559/gwlj5y0/', "Nah we're screwed. Sell me your GPUs", 'n2sob2'], ['u/sv-giampa', 15, '2021-05-02 01:13', 'https://www.reddit.com/r/NiceHash/comments/n2sob2/using_nicehash_after_eip1559/gwllaiz/', ':-P\n\nSo you agree. Thumb up!', 'n2sob2'], ['u/OwlAmongDonkeys', 10, '2021-05-02 03:16', 'https://www.reddit.com/r/NiceHash/comments/n2sob2/using_nicehash_after_eip1559/gwlyqlo/', 'Let’s partner up and buy all cards in the sub', 'n2sob2'], ['u/excitius', 10, '2021-05-02 03:34', 'https://www.reddit.com/r/NiceHash/comments/n2sob2/using_nicehash_after_eip1559/gwm0nrl/', ">i think the EIP-1559 will not provide what it promises, that is the decrease of gas fees\n\nYeah that's not what was ever promised. \n\nThis whole post is very very cringy. Miners don't decide the price. Even if eth is less profitable to mine, the project won't fail. There are people who have insane efficiency and ~0 power costs who will continue to mine regardless (see: ASIC farms in China; Bitcoin mining).", 'n2sob2']]], ['u/Shad0w_7', 'Day 1,465 of HD630', 44, '2021-05-02 00:20', 'https://www.reddit.com/r/buildapc/comments/n2t026/day_1465_of_hd630/', 'Now I don\'t expect anyone to read any of this but I just posted it here for fun whatever.\n\n\nBackstory, but back in April of 2017 I built a PC, pretty normal, a decently high end, 7700k, 32gb ram, z270 all that stuff, but left out a GPU because my parents told me they wouldn\'t let me have one because I would "game" or something, so I had this essentially top of the line (for then) PC with no GPU fine whatever I didn\'t game at all anyways so my productivity work was a bit hit by that (especially blender renders) \n\nWell I managed to finally get ready for a GPU with the release of the 2000 series, and since the 1000 series was so much better than the 900 series I was expecting similar gains, but nope, the 2000 series was a massive disappointment, so i was like, not really an issue I have more intense school now I\'ll just wait for 3000 series. \n\nNow many people can sort of see where this is heading, 3000/6000 series was rumored to be *insane* and it was, so I was like yes 3070/6700 time, but wanted to stretch to a 3080 or 6800xt, so decided to wait for just a couple more months right? to get a used card once demand died down, but then of *course* BTC shot up again, which made me very happy, I\'ve been waiting for a GPU for like coming up on 4 years now, and was there for the first GPU shortage, all the way back in \'17/\'18, and when it crashed, well you could get a 1080ti for pennies, so now I was really excited, all it needed to do was crash and *finally* my now pretty midrange CPU could finally be paired with a good GPU. \n\nbut its been months, and economists claim its not going to fall more, and well at least AP testing and another hard year of school is ahead so maybe no GPU for yet another year.\n\nI swear to god at this rate I\'ll upgrade my entire build before getting a GPU, and that\'s just kinda sad.\n\nSo a combination of restrictive parents, lackluster options, and the bitcoin prices led to this is now day 1,465 of waiting for a GPU :D (My PC turned 4 a couple days ago)\n\nIn fact the only dGPU I\'ve ever used for an extended period of time was probably the dGPU in the family PowerBookG4 and it\'s looking like its going to stay that way for another year.\n\n\n\n\nSo moral of the story? ¯\\_(ツ)_/¯ idk do what you want but don\'t be stupid.', 'https://www.reddit.com/r/buildapc/comments/n2t026/day_1465_of_hd630/', 'n2t026', [['u/Green0Photon', 10, '2021-05-02 00:57', 'https://www.reddit.com/r/buildapc/comments/n2t026/day_1465_of_hd630/gwljlgs/', "Man, someone give this guy a gpu. You really deserve it.\n\nIt's quite possible that you can get one in a month. The mining limiters are going to be on the new GPUs soon, and so miners won't be buying them.\n\nI'd definitely encourage doing stuff like checking out the fixitfixitfixit Discord to get ready for best buy drops, and maybe also entering Newegg shuffles. Though a lot of Newegg shuffles are garbage level overpriced. And there might be one more best buy drop without the limiter.\n\nThem you try and get any FE, EVGA, or ASUS GPU that you can, from 3060 to 3080. Any one is an upgrade. (FE and EVGA are cheap but quality, EVGA has a great warranty, and ASUS is overpriced but only one that's worth the price, probably.) Best Buy is the only one that's a good deal, really.\n\nPossibly try to hold out for a 3080 FE, 3080 EVGA, or 3080 ASUS TUF.\n\nThey won't be getting cheaper, unfortunately, even if supply temporarily gets better before the limiters are broken again.", 'n2t026']]], ['u/GingerAlePop', 'Best EP | Bracket Two of Two', 35, '2021-05-02 00:25', 'https://www.reddit.com/r/music_survivor/comments/n2t2td/best_ep_bracket_two_of_two/', '[ROUND ! RESULTS](https://docs.google.com/forms/d/e/1FAIpQLSfglsIytUUt71t2LkACBTcIiWMrigR-g8TTCy54lqdQ5FoiDQ/viewform?usp=sf_link)\n\n[BRACKET](https://challonge.com/hto4yy65)\n\n# BEFORE YOU VOTE:\n\n* If you haven\'t listened to both songs, skip that matchup (or go listen to the songs you don\'t know)\n* Vote for your favorite EPs, not the ones you think are "objectively better" if it contrasts with your personal opinion\n* Have fun!\n\n# [VOTE HERE!](https://forms.gle/gHrpkMNuwCECJyLi6)', 'https://www.reddit.com/r/music_survivor/comments/n2t2td/best_ep_bracket_two_of_two/', 'n2t2td', [['u/ATrexWithRhythm', 24, '2021-05-02 00:35', 'https://www.reddit.com/r/music_survivor/comments/n2t2td/best_ep_bracket_two_of_two/gwlh2q7/', 'I’m terrified at the thought of HTLT losing against Radiohead', 'n2t2td'], ['u/GingerAlePop', 12, '2021-05-02 00:36', 'https://www.reddit.com/r/music_survivor/comments/n2t2td/best_ep_bracket_two_of_two/gwlh7b1/', "Lil Ugly Mane has gotta be a lifesaver here. If you haven't heard that yet, I highly recommend it. There's a reason why it's considered one of the greatest of all time", 'n2t2td'], ['u/BartyRick', 14, '2021-05-02 00:41', 'https://www.reddit.com/r/music_survivor/comments/n2t2td/best_ep_bracket_two_of_two/gwlhryy/', 'Lol you know what sub you’re on right...', 'n2t2td']]], ['u/DetroitMotorShow', 'Charlie Munger "hates Bitcoin\'s success", calls it contrary to interests of civilisation. But his long term bank holdings that launder drug money are aligned with the interests of civilisation?', 108, '2021-05-02 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/n2t3av/charlie_munger_hates_bitcoins_success_calls_it/', 'The boomers are coming out of the woodwork, one after another, like cockroaches coming out of a cupboard that has been disturbed. Charlie Munger of Berkshire Hathway, flat out says he hates bitcoin\'s success because its used for kidnappers. Well cash is used by kidnappers a lot more than Bitcoin was ever used, but Charlie never said he hates cash too. \n\nHe claims cryptocurrency is against civilisation\'s interests and a "disgusting development". Pretty strong words for something they clearly have no interest in.\n\nBerkshire Hathaway long term holdings like US Bank, Bank of America have meanwhile laundered billions of dollars. According to the FBI, Bank of America was used by Mexican drug cartels to launder money, the same cartels that kill lots of people who come in the way. Sur...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['As I wrote recently, Bitcoin fans face a hurdle in justifying its soaring price: The lead cryptocurrency so faroffers practically no practical uses. Still, many believe that thecelebrated purchases by Elon Musk\'s [hotlink]Tesla[/hotlink]and Michael Saylor\'s MicroStrategy foretell a rush to park corporate cash in this careening vehicle that out-zigzags stocks, gold, currencies, or just about any asset on the planet.\nAs Musk and Tesla CFO Zach Kirkhorn explain, Bitcoin\'s a great vessel for garnering strong returns on war chests that typically generate puny yields. On the Q1 earnings call, Kirkhorn lauded the gambit as "a good decision," noting that Bitcoin\'s "a good place to place some of our cash that\'s not being used…and get some return on that." Tesla has feasted on its investment so far,gaining $1 billion in just three months from selling coins at a big profitand via the strong appreciation of the stash still on its balance sheet. For Bitcoin believers, where the business world\'s top trendsetter goes, venturesome corporate captains will follow.\nBut is investing corporate cash in Bitcoin really a movement in the making? I asked Jerry Klein, managing director of Treasury Partners, a firm that manages fixed-income portfolios for dozens of companies. "I\'ve been working with CFOs and treasurers for 25 years and reviewed hundreds of investment policies," says Klein. "Virtually all emphasize safety and liquidity as the top priority. Very few companies will accept even modest risk with corporate cash." Is the Bitcoin craze altering that ultraconservative mindset? Not at all, says Klein. "Not one of our clients has expressed interest in Bitcoin," he notes. "I don\'t see Bitcoin being widely adopted as an investment vehicle for corporate cash."\nClients, almost without exception, says Klein, place their liquid funds in portfolios that comprise three types of investments: government bonds, including munis; money-market funds; and investment-grade corporates. "The allocations depend on their liquidity needs," he says. Companies that do lots of M&A, for example, generally tilt more to money-markets, since they provide the quickest source of funding. On the other hand, biotech players that burn lots of cash but spend at a steady, predictable rate often rely more on "laddered" bond portfolios. "They don\'t need lots of cash on short notice," says Klein.\nWhat all his clients share is an extreme aversion to risk. "The priorities are safety, liquidity, and yield, with yield a distant third," he says. This approach applies not just to companies that use all their cash to fund inventories and accounts receivable, but those that prefer holding a large cushion. This is revealing, since Musk rejects that orthodoxy, asserting that cash not needed for everyday operations is cash ripe for buying Bitcoin.\nThat swashbuckling posture is the antithesis of the safety-first mindset of CFOs and treasurers Klein advises daily. "I\'ve worked with many clients with excess cash balances," he says. "They don\'t seek to invest that extra cash in a way that would risk principal for a higher return." Klein adds that many companies keep a big balance to fund R&D projects or merger opportunities that may arise unexpectedly, or "just for a rainy day." Large cash holdings, conservatively invested, provide protection from another pandemic, a sudden drop in sales, or another unforeseen storm.\nAbove all, says Klein, companies want to avoid owning assets that risk even the slightest decline in value. "In 2016, when the regulations changed and prime money-market funds were forced to convert from fixed to floating net asset value, assets in prime funds decreased by approximately 90%. And that was due to fear of even tiny losses. This is just an example of how conservative corporate investors are."\nPrior to the financial crisis, a few companies risked their cash chasing big yields, chiefly by purchasing such structured products as auction-rate notes and mortgage-backed securities. [hotlink]Bristol Myers Squibb[/hotlink] and others took a flier, and when the hurricane struck they suffered steep losses. Their daunting example provided a lesson that has helped keep almost every major U.S. company on the most cautious of paths. All the profits Tesla typically makes in a quarter could easily disappear if its Bitcoin holdings tank. Almost nobody else wants to pile a potential time bomb on their balance sheet. As usual, Elon Musk is going his own way. This time, it looks like few are following.\nThis story was originally featured onFortune.com', 'As I wrote recently, Bitcoin fans face a hurdle in justifying its soaring price: The lead cryptocurrency so faroffers practically no practical uses. Still, many believe that thecelebrated purchases by Elon Musk\'s [hotlink]Tesla[/hotlink]and Michael Saylor\'s MicroStrategy foretell a rush to park corporate cash in this careening vehicle that out-zigzags stocks, gold, currencies, or just about any asset on the planet.\nAs Musk and Tesla CFO Zach Kirkhorn explain, Bitcoin\'s a great vessel for garnering strong returns on war chests that typically generate puny yields. On the Q1 earnings call, Kirkhorn lauded the gambit as "a good decision," noting that Bitcoin\'s "a good place to place some of our cash that\'s not being used…and get some return on that." Tesla has feasted on its investment so far,gaining $1 billion in just three months from selling coins at a big profitand via the strong appreciation of the stash still on its balance sheet. For Bitcoin believers, where the business world\'s top trendsetter goes, venturesome corporate captains will follow.\nBut is investing corporate cash in Bitcoin really a movement in the making? I asked Jerry Klein, managing director of Treasury Partners, a firm that manages fixed-income portfolios for dozens of companies. "I\'ve been working with CFOs and treasurers for 25 years and reviewed hundreds of investment policies," says Klein. "Virtually all emphasize safety and liquidity as the top priority. Very few companies will accept even modest risk with corporate cash." Is the Bitcoin craze altering that ultraconservative mindset? Not at all, says Klein. "Not one of our clients has expressed interest in Bitcoin," he notes. "I don\'t see Bitcoin being widely adopted as an investment vehicle for corporate cash."\nClients, almost without exception, says Klein, place their liquid funds in portfolios that comprise three types of investments: government bonds, including munis; money-market funds; and investment-grade corporates. "The allocations depend on their liquidity needs," he says. Companies that do lots of M&A, for example, generally tilt more to money-markets, since they provide the quickest source of funding. On the other hand, biotech players that burn lots of cash but spend at a steady, predictable rate often rely more on "laddered" bond portfolios. "They don\'t need lots of cash on short notice," says Klein.\nWhat all his clients share is an extreme aversion to risk. "The priorities are safety, liquidity, and yield, with yield a distant third," he says. This approach applies not just to companies that use all their cash to fund inventories and accounts receivable, but those that prefer holding a large cushion. This is revealing, since Musk rejects that orthodoxy, asserting that cash not needed for everyday operations is cash ripe for buying Bitcoin.\nThat swashbuckling posture is the antithesis of the safety-first mindset of CFOs and treasurers Klein advises daily. "I\'ve worked with many clients with excess cash balances," he says. "They don\'t seek to invest that extra cash in a way that would risk principal for a higher return." Klein adds that many companies keep a big balance to fund R&D projects or merger opportunities that may arise unexpectedly, or "just for a rainy day." Large cash holdings, conservatively invested, provide protection from another pandemic, a sudden drop in sales, or another unforeseen storm.\nAbove all, says Klein, companies want to avoid owning assets that risk even the slightest decline in value. "In 2016, when the regulations changed and prime money-market funds were forced to convert from fixed to floating net asset value, assets in prime funds decreased by approximately 90%. And that was due to fear of even tiny losses. This is just an example of how conservative corporate investors are."\nPrior to the financial crisis, a few companies risked their cash chasing big yields, chiefly by purchasing such structured products as auction-rate notes and mortgage-backed securities. [hotlink]Bristol Myers Squibb[/hotlink] and others took a flier, and when the hurricane struck they suffered steep losses. Their daunting example provided a lesson that has helped keep almost every major U.S. company on the most cautious of paths. All the profits Tesla typically makes in a quarter could easily disappear if its Bitcoin holdings tank. Almost nobody else wants to pile a potential time bomb on their balance sheet. As usual, Elon Musk is going his own way. This time, it looks like few are following.\nThis story was originally featured onFortune.com', 'As I wrote recently, Bitcoin fans face a hurdle in justifying its soaring price: The lead cryptocurrency so far offers practically no practical uses . Still, many believe that the celebrated purchases by Elon Musk\'s [hotlink]Tesla[/hotlink] and Michael Saylor\'s MicroStrategy foretell a rush to park corporate cash in this careening vehicle that out-zigzags stocks, gold, currencies, or just about any asset on the planet. As Musk and Tesla CFO Zach Kirkhorn explain, Bitcoin\'s a great vessel for garnering strong returns on war chests that typically generate puny yields. On the Q1 earnings call, Kirkhorn lauded the gambit as "a good decision," noting that Bitcoin\'s "a good place to place some of our cash that\'s not being used\x85and get some return on that." Tesla has feasted on its investment so far, gaining
**Last 60 Days of Bitcoin's Closing Prices:**
[48561.17, 48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-03
**Financial & Commodity Data:**
- Gold Closing Price: $1791.40
- Crude Oil Closing Price: $64.49
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,097,570,765,625
- Hash Rate: 181331416.27324063
- Transaction Count: 287007.0
- Unique Addresses: 746177.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Stock traders are known for their occasional love of aphorisms, and several come readily to mind. ‘Buy low, sell high’ and ‘don’t try to time the market’ are two that have stood the test of time, and while they may sound contradictory, that’s not necessarily the case. It’s possible to buy low even in an upward trend.
Checking in with Wall Street’s analysts, to find out if the fundamentals are sound, can give some indications if a stock’s pullback is just a temporary event. The analysts make their reputations by finding these opportunities, and bringing them to our attention.
With this mind, we’ve used theTipRanks databaseto search for three stocks that have seen such recent pullbacks – and that show plenty of upside potential ahead, according to the analysts. Let’s take a look at the details.
Cardiff Oncology (CRDF)
The first stock we're looking at, Cardiff Oncology, is a clinical stage biopharma company with a laser-focus on cancer treatment. Specifically, the company focuses on the development of medication options for cancer patients whose current treatment has lost efficacy. Cardiff is developing onvansertib, a first-in-class, third generation Polo-like Kinase 1 (PLK1) inhibitor, designed to work in combination with existing medications to overcome treatment resistance, improve patient response, and increase survival rates.
Cardiff’s current research pipeline features onvansertib in three separate clinical programs, in combination with different existing drugs to combat three different cancers. The programs are a Phase 1b clinical trial of onvansertib plus Folfiri/Avastin for the treatment of KRAS-Mutated Metastatic Colorectal Cancer (mCRC), and two Phase 2 trials, one in combination with Zytiga to treat Metastatic Castration-Resistant Prostate Cancer (mCRPC) and one to treat Relapsed/Refractory Acute Myeloid Leukemia (AML) in combination with Decitabine.
Preliminary data on these studies shows positive responses to onvansertib in combination with existing therapies. In the mCRC program, 86% of evaluable patients have shown a clinical benefit, while in the mCRPC program 54% of patients across three cohorts showed a radiographic stable disease. In the AML program, 20% of patients achieved a complete remission. These early data are considered significant, and the company has plans to initiate further trials later this year.
This background, along with the stock’s 50% fall year-to-date, have combined to catch the attention of 5-star analystJason McCarthyof Maxim Group. McCarthy points out that the shares have retreated recently due to profit-taking and broader market changes.
“While valuation has pulled back since reaching a 52-week high in late 4Q, from a KRAS perspective, CRDF is not alone… and we view Cardiff as potentially having the more attractive asset in mCRC which continues to be supported with emerging data... we still see a KRAS space that will continue to be active and is of potential high value given the unmet need, a company in Cardiff that is well-financed ($130M in cash as of YE20), and a drug in onvansertib that has multiple opportunities. Combined, we see this as an opportunity to buy CRDF shares on the weakness," McCarthy opined.
McCarthy puts a Buy rating on CRDF, and his $30 price target implies a robust upside of 242% from current levels. (To watch McCarthy’s track record,click here)
Overall, this stock has a Strong Buy analyst consensus rating, and that verdict is unanimous, based on 3 recent positive reviews. The shares are selling for $8.76, and their $27.33 average price target suggests room for 212% appreciation this year. (See CRDF stock analysis on TipRanks)
MicroStrategy (MSTR)
Shifting gears, we’ll look into high-tech. Specifically, we’ll look at the world’s largest independent business intelligence company, MicroStrategy. This $6.3 billion company provides a winning combination of modern analytics, a comprehensive enterprise platform, and both cloud and on-site optimization options. MicroStrategy’s products let customers make smarter and faster decisions – a key advantage in today’s high-speed business world.
MicroStrategy’s shares peaked above $1,200 early in February this year, and have since retreated some 53%. The retreat in shares comes even as the company has doubled down on its commitment to bitcoin. Management started purchasing the cryptocurrency last August, as both a store of value and an investment, and MicroStrategy now holds more than $4.4 billion in BTC. The value of the cryptocoin has more than quadrupled since MicroStrategy started the purchases.
In a research report subtitled ‘Pullback Provides Attractive Entry Point,’ 5-star analystMark Palmerof BTIG notes two tracks for the company’s success.
First, “[We] believe MSTR’s adoption of Bitcoin as its primary treasury reserve asset represents a rational action aimed at protecting the company’s inherent value in the long run. At the same time, the strategy enables MSTR to capture upside arising from the increased adoption of the cryptocurrency by institutional investors concerned about mounting inflationary pressures.”
Second, Palmer goes on to add, “While most of the attention paid to MSTR has been focused on its adoption of Bitcoin as its primary treasury asset, we believe the company offers an attractive business analytics software play, especially as the company executes a shift from a product license model to a cloud-first, SaaS subscription model featuring mobile offerings.”
To this end, Palmer puts an $850 one-year price target on MSTG shares, along with his Buy rating. At current levels, this price target implies an upside of 42%. (To watch Palmer’s track record,click here)
MicroStrategy’s controversial bitcoin policy has generated some divisions among the Wall Street analysts, as shown by the most recent reviews – which break down to 2 to 1 to 1 in Buy/Hold/Sell. This gives the stock a Moderate Buy analyst consensus rating. The shares are selling for $601.27, and their average price target of $698.75 indicates a 16% upside for the coming year. (See MSTR stock analysis on TipRanks)
Roku(ROKU)
Let’s stay in the tech world, but look at online TV streaming. Roku is well known as a leader in that growing niche, where it helped to pioneer video on demand through its eponymous streaming player. The Roku player connects to the user’s TV, and the company provides connected streaming services. On Roku’s end, profits come from a combination of audience monetization and advertiser engagement.
Roku shares have slipped 25% since their recent peak in February this year. But even after recent losses, the stock is still up 184% over the past 12 months. The gains reflect Roku’s 2020 successes: Revenue was up 58% yoy, to reach $1.778 billion; 14.3 million new active accounts swelled the customer rolls to 51.2 million; and 38% of all smart TVs sold in the US during 2020 were Roku models.
In March of this year, Roku made two important acquisitions, adding the popular ‘This Old House’ franchise to its content line-up and partnering with Nielsen Holdings on ad and content measurement and video advertising. These moves came after Roku had, in January, acquired the rights to Quibi’s content library, now rebranded as ‘Roku Originals.’
Finally, while Roku is a content streamer – and has rightfully been focused on expanding its content offerings – it is also a tech company, with a tech company’s bent toward innovation. Earlier this month, Roku unveiled a new customer package that includes a voice activated TV remote, with a rechargeable battery, hands-free controls, and an audible remote finder. It’s a tech gadget that is sure to be appreciated on the customer end.
So, Roku is making the moves expected of a tech-oriented content streaming company. However, analystJeffrey Rand, of Deutsche Bank, sees the company’s main path forward lying in advertising.
“With ad revenue continuing to grow as a mix of revenue, we expect Roku to continue to focus its strategy on expanding its influence in the ad market. Its acquisition of Nielsen's Advanced Video Advertising (AVA) business gives Roku an opportunity to take part in the ad market for linear TV…. We expect Roku to continue to look to invest organically and inorganically in opportunities to expand the role that it plays in the ad market, for both streaming and linear TV,” Rand noted.
At the bottom line, Rand sums up Roku as a solid choice for investors seeking a relative bargain: “While many growth-oriented tech companies have faced challenges in the current environment, with the transition to streaming continuing at a rapid pace, we see the recent pullback in Roku's stock as a good buying opportunity.”
In line with this bullish outlook, Rand puts a Buy rating on ROKU shares, and his $500 price target suggests an upside of 43% over the next 12 months. (To watch Rand’s track record,click here)
So, there’s Deutsche Bank's view, but what does the rest of the analyst fraternity think? All in all, the Street maintains a positive, although slightly more reserved stance. Based on 20 analysts tracked in the past 3 months, 14 rate ROKU a Buy, while 5 say Hold, and only 1 suggests Sell. Meanwhile, the 12-month average price target stands at $476.95, marking ~36% upside from current levels. (See ROKU stock analysis on TipRanks)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54, 49716.19
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['SINGAPORE (Reuters) -Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants. A day after blowing past $3,000 for the first time, ether, the token traded over the ethereum blockchain, hit $3,457.64 on the bitstamp exchange before dropping 6% to $3,244. That still leaves it with a gain of some 340% this year. The rise is in part a spillover from flows into bitcoin, which has grown in stature as big-name investors from Elon Musk\'s carmaker Tesla to Wall Street investor Stanley Druckenmiller buy in. It is also being driven by a speculative frenzy in the asset class. Joke cryptocurrency dogecoin is up by 9,000% this year to put the sum of its tokens on issue at over $54 billion. Other new tokens have proliferated, and buyers this week piled in to several tiny new coins promoted by porn stars. "What we\'re seeing right now is the definition of speculative excess," said IG Markets analyst Kyle Rodda, who likened it to the tech-bubble mania of two decades ago. "There\'s money being thrown at anything in the crypto space," he added. With a market capitalisation of $376 billion, traders are taking the gains in ether much more seriously and say it is catching up to bitcoin\'s rise and that upgrades to the ethereum blockchain stand to make it more useful. Against bitcoin the value of ether has more than doubled this year and it touched a more than two-and-a-half-year high early on Tuesday. Bitcoin, which is up 90% this year dipped to $55,625 while the U.S. dollar firmed slightly elsewhere. [FRX/] (Reporting by Tom Westbrook; Editing by Kim Coghill and Sam Holmes)', 'SINGAPORE (Reuters) -Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants. A day after blowing past $3,000 for the first time, ether, the token traded over the ethereum blockchain, hit $3,457.64 on the bitstamp exchange before dropping 6% to $3,244. That still leaves it with a gain of some 340% this year. The rise is in part a spillover from flows into bitcoin, which has grown in stature as big-name investors from Elon Musk\'s carmaker Tesla to Wall Street investor Stanley Druckenmiller buy in. It is also being driven by a speculative frenzy in the asset class. Joke cryptocurrency dogecoin is up by 9,000% this year to put the sum of its tokens on issue at over $54 billion. Other new tokens have proliferated, and buyers this week piled in to several tiny new coins promoted by porn stars. "What we\'re seeing right now is the definition of speculative excess," said IG Markets analyst Kyle Rodda, who likened it to the tech-bubble mania of two decades ago. "There\'s money being thrown at anything in the crypto space," he added. With a market capitalisation of $376 billion, traders are taking the gains in ether much more seriously and say it is catching up to bitcoin\'s rise and that upgrades to the ethereum blockchain stand to make it more useful. Against bitcoin the value of ether has more than doubled this year and it touched a more than two-and-a-half-year high early on Tuesday. Bitcoin, which is up 90% this year dipped to $55,625 while the U.S. dollar firmed slightly elsewhere. [FRX/] (Reporting by Tom Westbrook; Editing by Kim Coghill and Sam Holmes)', 'SINGAPORE (Reuters) -Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants.\nA day after blowing past $3,000 for the first time, ether, the token traded over the ethereum blockchain, hit $3,457.64 on the bitstamp exchange before dropping 6% to $3,244.\nThat still leaves it with a gain of some 340% this year. The rise is in part a spillover from flows into bitcoin, which has grown in stature as big-name investors from Elon Musk\'s carmaker Tesla to Wall Street investor Stanley Druckenmiller buy in.\nIt is also being driven by a speculative frenzy in the asset class. Joke cryptocurrency dogecoin is up by 9,000% this year to put the sum of its tokens on issue at over $54 billion. Other new tokens have proliferated, and buyers this week piled in to several tiny new coins promoted by porn stars.\n"What we\'re seeing right now is the definition of speculative excess," said IG Markets analyst Kyle Rodda, who likened it to the tech-bubble mania of two decades ago.\n"There\'s money being thrown at anything in the crypto space," he added.\nWith a market capitalisation of $376 billion, traders are taking the gains in ether much more seriously and say it is catching up to bitcoin\'s rise and that upgrades to the ethereum blockchain stand to make it more useful.\nAgainst bitcoin the value of ether has more than doubled this year and it touched a more than two-and-a-half-year high early on Tuesday. Bitcoin, which is up 90% this year dipped to $55,625 while the U.S. dollar firmed slightly elsewhere. [FRX/]\n(Reporting by Tom Westbrook; Editing by Kim Coghill and Sam Holmes)', 'SINGAPORE (Reuters) -Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants.\nA day after blowing past $3,000 for the first time, ether, the token traded over the ethereum blockchain, hit $3,457.64 on the bitstamp exchange before dropping 6% to $3,244.\nThat still leaves it with a gain of some 340% this year. The rise is in part a spillover from flows into bitcoin, which has grown in stature as big-name investors from Elon Musk\'s carmaker Tesla to Wall Street investor Stanley Druckenmiller buy in.\nIt is also being driven by a speculative frenzy in the asset class. Joke cryptocurrency dogecoin is up by 9,000% this year to put the sum of its tokens on issue at over $54 billion. Other new tokens have proliferated, and buyers this week piled in to several tiny new coins promoted by porn stars.\n"What we\'re seeing right now is the definition of speculative excess," said IG Markets analyst Kyle Rodda, who likened it to the tech-bubble mania of two decades ago.\n"There\'s money being thrown at anything in the crypto space," he added.\nWith a market capitalisation of $376 billion, traders are taking the gains in ether much more seriously and say it is catching up to bitcoin\'s rise and that upgrades to the ethereum blockchain stand to make it more useful.\nAgainst bitcoin the value of ether has more than doubled this year and it touched a more than two-and-a-half-year high early on Tuesday. Bitcoin, which is up 90% this year dipped to $55,625 while the U.S. dollar firmed slightly elsewhere. [FRX/]\n(Reporting by Tom Westbrook; Editing by Kim Coghill and Sam Holmes)', 'NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES\nVANCOUVER, British Columbia, May 03, 2021 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSXV: DMGI) (DMGGF: OTCQB) (FSE: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and cryptocurrency technology company is pleased to announce that it has closed its previously announced private placement to institutional investors of its common shares ("Common Shares") and warrants to purchase common shares ("Warrants") for aggregate gross proceeds to the Company of approximately Cdn$28.1 million (the "Private Placement"). Pursuant to the Private Placement, the Company issued 22,297,644 Common Shares and Warrants to purchase up to 22,297,644 Common Shares at a purchase price of Cdn$1.26 per Common Share and associated Warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of Cdn$1.50 per Common Share at any time on or prior to May 3, 2024.\nH.C. Wainwright & Co. acted as the exclusive placement agent for the private placement in the United States. H.C. Wainwright & Co. received: (i) a cash commission of approximately Cdn$1.54 million (equal to 5.5% of the gross proceeds of the Private Placement), and (ii) 1,226,370 non-transferable compensation warrants (the "Agent Warrants"). Each Agent Warrant entitles the holder thereof to purchase one Common Share at an exercise price of Cdn$1.575 per Common Share at any time on or before May 3, 2024.\nThe Company intends to use the net proceeds of the Private Placement for infrastructure expansion, equipment purchases, software development, expansion of marketing and sales activities, working capital and general corporate purposes. Details as to the intended specific allocation of the proceeds are disclosed in the Prospectus Supplement referred to below and further business development announcements will be made by DMG in due course as they arise.\nThe Common Shares and Warrants issued under the Private Placement were qualified by way of a prospectus supplement under the Company\'s base shelf prospectus dated March 1, 2021 (collectively, the "Prospectus Supplement") which was filed in each of the provinces of Canada, except Québec, copies of which are available under the Company’s profile at www.sedar.com. The Common Shares and Warrants were offered and sold in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and all applicable state securities laws, and in certain other jurisdictions in accordance with applicable securities laws. No securities were offered or sold to Canadian purchasers.\nThe securities issued under the Private Placement are subject to resale restrictions in the United States under applicable U.S. federal and state securities laws with no resale restrictions in Canada.\nThis news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in Canada in connecti
**Last 60 Days of Bitcoin's Closing Prices:**
[48927.30, 48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-04
**Financial & Commodity Data:**
- Gold Closing Price: $1775.80
- Crude Oil Closing Price: $65.69
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,069,408,845,731
- Hash Rate: 185429301.3867602
- Transaction Count: 300824.0
- Unique Addresses: 772207.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Jack Henry & Associates JKHY is constantly gaining momentum among community banks and many other financial institutions on the back of Jack Henry Banking. This is evident from the recent extension of the company’s partnership with Univest Bank and Trust Co. Univest strives to leverage Jack Henry Banking’s full solutions portfolio on the back of the expanded relationship. On the heels of the latest deal, Univest is utilizing JHA PayCenter for providing person-to-person payments by getting connected to the real-time payment networks. Also, JHA OpenAnywhere is being used by Univest for bolstering its new consumer account base. Along with these, Univest is using Jack Henry’s Banno Digital Platform for integrating modern technology with personal service. We believe that the extended partnership is expected to contribute well to Jack Henry’s Core segment’s performance in the near term. Jack Henry & Associates, Inc. Revenue (TTM) Jack Henry & Associates, Inc. Revenue (TTM) Jack Henry & Associates, Inc. revenue-ttm | Jack Henry & Associates, Inc. Quote Winning Clientele The latest extended partnership of Jack Henry will add strength to its strengthening client base. Apart from the underlined deal, State Department Federal Credit Union has recently migrated its Episys core and entire IT infrastructure to Jack Henry's private cloud environment. Additionally, BankPlus picked Jack Henry Banking’s SilverLake System for achieving greater efficiency. Also, First State Bank of the Southeast extended its relationship with Jack Henry and selected the latter’s digital commercial loan solution for automating the commercial lending process. Bottom Line We believe that the expanding clientele will continue to drive Jack Henry’s top-line growth, which, in turn, will instill investor optimism in the stock. The company’s solid momentum across Core, Payments, Complementary and Corporate segments will likely continue to aid it in attracting customers to its platform. Moreover, robust technology solutions and expanding customer relationships will strengthen its market position. Additionally, the growing adoption of core solutions, debit and credit processing solutions, card processing solutions, Banno Digital Platform and JHA BankAnywhere highlights the strong reliability of Jack Henry’s solutions portfolio. Story continues Zacks Rank & Stocks to Consider Jack Henry currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are NXP Semiconductors NXPI, Analog Devices ADI and Agilent Technologies A. All the three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Long-term earnings growth rates for NXP Semiconductors, Analog Devices and Agilent Technologies are currently pegged at 10%, 12.35% and 9%, respectively. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54, 49716.19, 49880.54
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, slid by 6.81% on Tuesday. Reversing a 0.96% gain from Monday, Bitcoin ended the day at $53,251.0.\nIt was a particularly bearish day. Bitcoin slid from an early morning intraday high $57,166.0 to a final hour intraday low $53,067.0.\nThe extended sell-off saw Bitcoin fall through the first major support level at $56,124 and the second major support level at $55,100.\nThe near-term bullish trend remained intact in spite of the slide back to $53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Monday.\nBitcoin Cash SV(-12.62%),Crypto.com Coin(-10.36%), andRipple’s XRP(-10.85%) led the way down.\nBinance Coin(-9.99%),Cardano’s ADA(-6.75%), andEthereum(-5.65%) also struggled.\nChainlink(+8.34%),Litecoin(+3.59%), and Polkadot (+0.35%) bucked the trend on the day, however.\nEarly in the week, the crypto total market rose to a Monday high $2,331bn before falling to a Tuesday low $2,064bn. At the time of writing, the total market cap stood at $2,216bn.\nBitcoin’s dominance rose to a Monday high 49.39% before falling to a Tuesday low 46.04%. At the time of writing, Bitcoin’s dominance stood at 46.62%.\nAt the time of writing, Bitcoin was up by 3.85% to $55,300.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,960.0 before rising to a high $55,425.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day.\nAt the time of writing, Bitcoin Cash SV was up by 10.60% to lead the way.\nBitcoin would need to avoid a fall back through the pivot level at $54,495 to support a run at the first major resistance level at $55,922.\nSupport from the broader market would be needed for Bitcoin to breakout from this morning’s high $55,425.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $56,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,594.\nFailure to avoid a fall back through the pivot at $54,495 would bring the first major support level at $51,823 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The 23.6% FIB of $50,473 and the second major support level at $50,396 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Hyatt Hotels Post Deeper Loss in Q1, Shares Fall\n• Why Ethereum Keeps Soaring High\n• GBP/USD Daily Forecast – British Pound Tries To Gain More Ground Against U.S. Dollar\n• Investment Firm KKR Tops Earnings Estimates; Target Price $60\n• S&P 500 Price Forecast – Stock Markets Pull Back\n• Crude Oil Price Update – WTI Hits High of Session Following Release of Bullish API Inventories Report', 'Bitcoin , BTC to USD, slid by 6.81% on Tuesday. Reversing a 0.96% gain from Monday, Bitcoin ended the day at $53,251.0. It was a particularly bearish day. Bitcoin slid from an early morning intraday high $57,166.0 to a final hour intraday low $53,067.0. The extended sell-off saw Bitcoin fall through the first major support level at $56,124 and the second major support level at $55,100. The near-term bullish trend remained intact in spite of the slide back to $53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Monday. Bitcoin Cash SV (-12.62%), Crypto.com Coin (-10.36%), and Ripple’s XRP (-10.85%) led the way down. Binance Coin (-9.99%), Cardano’s ADA (-6.75%), and Ethereum (-5.65%) also struggled. Chainlink (+8.34%), Litecoin (+3.59%), and Polkadot (+0.35%) bucked the trend on the day, however. Early in the week, the crypto total market rose to a Monday high $2,331bn before falling to a Tuesday low $2,064bn. At the time of writing, the total market cap stood at $2,216bn. Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Tuesday low 46.04%. At the time of writing, Bitcoin’s dominance stood at 46.62%. This Morning At the time of writing, Bitcoin was up by 3.85% to $55,300.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,960.0 before rising to a high $55,425.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. At the time of writing, Bitcoin Cash SV was up by 10.60% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $54,495 to support a run at the first major resistance level at $55,922. Support from the broader market would be needed for Bitcoin to breakout from this morning’s high $55,425.0. Barring an extended crypto rally, the first major resistance level and resistance at $56,000 would likely cap any upside. Story continues In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,594. Failure to avoid a fall back through the pivot at $54,495 would bring the first major support level at $51,823 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The 23.6% FIB of $50,473 and the second major support level at $50,396 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Hyatt Hotels Post Deeper Loss in Q1, Shares Fall Why Ethereum Keeps Soaring High GBP/USD Daily Forecast – British Pound Tries To Gain More Ground Against U.S. Dollar Investment Firm KKR Tops Earnings Estimates; Target Price $60 S&P 500 Price Forecast – Stock Markets Pull Back Crude Oil Price Update – WTI Hits High of Session Following Release of Bullish API Inventories Report', 'Ethereum (ETH) reached an all-time high of over $3,500 on May 4, adding to the billionaire status achieved by Vitalik Buterin. This caused the volume of ETH short positions to reach a new record. Following the price of ETH, the second-largest cryptocurrency by market capitalization, to a record high of over $3,500, the number of liquidations of short positions reached a record high. As a result, there has been a record-high number of short liquidations across all derivative exchanges. CryptoQuant stated that short liquidations topped out at almost $55 million. This also saw the ETH market capitalization rise to nearly $400 billion. Ethereum\x92s latest rise comes on the back of growing institutional acceptance from investors and commentators. Last week JP Morgan, along with other major banks, advised investors to be bullish on Ethereum and stated that it predicts ETH would outperform Bitcoin. \x93We\x92re maintaining our overweight Ethereum vs. Bitcoin recommendation from April 2020 and reiterating our ~$10.5k price target from January this year.\x94 The reason for Ethereum\x92s growing popularity is down to its pioneering in the smart contract market. Many DeFi networks are based on the Ethereum ecosystem and these networks manage the majority of cryptocurrency transactions on a daily basis. This is entirely different from how Bitcoin uses the blockchain. Whereas bitcoin is primarily used to support payments and as a store of value, Ethereum essentially works as a software platform that enables smart contracts on assets or applications without any third parties interfering. As a result of this, the number of DeFi applications built on Ethereum has risen significantly. Also, last week, the number of active Ethereum addresses hit an all-time high.', 'Ethereum (ETH) reached an all-time high of over $3,500 on May 4, adding to thebillionaire statusachieved by Vitalik Buterin. This caused the volume of ETH short positions to reach a new record.\nFollowing the price of ETH, the second-largest cryptocurrency by market capitalization, to a record high of over $3,500, the number of liquidations of short positions reached a record high.\nAs a result, there has been a record-high number of short liquidations across all derivative exchanges.CryptoQuantstated that short liquidations topped out at almost $55 million. This also saw the ETH market capitalization rise to nearly $400 billion.\nEthereum’s latest rise comes on the back of growing institutional acceptance from investors and commentators. Last week JP Morgan, along with other major banks, advised investors to be bullish on Ethereum and stated that it predicts ETH would outperform Bitcoin.\n“We’re maintaining our overweight Ethereum vs.Bitcoinrecommendation from April 2020 and reiterating our ~$10.5k price target from January this year.”\nThe reason for Ethereum’s growing popularity is down to its pioneering in the smart contract market. Many DeFi networks are based on the Ethereum ecosystem and these networks manage the majority of cryptocurrency transactions on a daily basis. This is entirely different from how Bitcoin uses the blockchain.\nWhereas bitcoin is primarily used to support payments and as a store of value, Ethereum essentially works as a software platform that enables smart contracts on assets or applications without any third parties interfering. As a result of this, the number of DeFi applications built on Ethereum has risen significantly. Also, last week, the number of active Ethereum addresses hit an all-time high.', 'Coinbase has added the largest stablecoin by market cap, Tether (USDT), to its platform, and trading functionalities are already available.\nCoinbase listed Tether (USDT) on May 4 according to a company releasedblog post. The addition has been a long time coming, given that USDT has a market cap ofover $50 billion. The asset will be available on the Coinbase online platform as well as Android and iOS Coinbase apps.\nWhile the listing may seem a bit late, Coinbase has been careful in adding assets to its platforms. It has exercised ca
**Last 60 Days of Bitcoin's Closing Prices:**
[48912.38, 51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-05
**Financial & Commodity Data:**
- Gold Closing Price: $1784.10
- Crude Oil Closing Price: $65.63
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,035,994,542,500
- Hash Rate: 160841990.70564282
- Transaction Count: 309774.0
- Unique Addresses: 808208.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Hey, PayPal: 2013 called. It wants its narrative back. This week, the global payments giant announced it had begun letting users in the U.S. pay for things online with cryptocurrency . “We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants,” CEO Dan Schulman told Reuters . Transitional is an apt word to describe the situation, especially for anyone using crypto with PayPal. Since last autumn, the company has been allowing customers to buy or sell bitcoin , ether and a few other coins, but not do much else with them – not even withdraw them from the platform, or deposit crypto they already owned. Related: These Black Artists Say NFTs Help Them Monetize Their Work You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here . Up to this point, the service was arguably just a way to gamble on the prices of these assets. Which, to be fair, is probably the most popular use case for crypto, at least among those people privileged enough not to need it to get transactions done . You still can’t deposit or withdraw digital assets from PayPal, which undercuts the technology’s appeal as a way to put individuals back in control of their money in a world of unchecked asset seizures and involuntary bank bail-ins . But now you can at least use the service to buy stuff. How many users will take advantage of the new feature? Notwithstanding Crypto Twitter’s usual hyperventilating, a modicum of skepticism is warranted, given this technology’s long struggle to catch on as a payment mechanism. Related: Russia Floats Blockchain Based System as SWIFT Alternative Story continues And I say this having once believed (in the prehistoric days of 2013 ) that the payments use case would be a big part of bitcoin’s appeal. The age of innocence Even then, I had a tinge of doubt: [The] 20-minute wait for Bitcoin confirmations is awkward for in-store retail purchases. Depending on the size of the purchase, a merchant who accepts Bitcoin may be taking a risk if he lets the customer walk out before the transaction is confirmed. But arguably he’s already taking that risk if he accepts credit cards, since from a merchant’s point of view the transaction isn’t really done until the funds are placed in his account — which could be two or three days later in the card world. In other ways, Bitcoin can be a compelling alternative (or supplement) to Visa, MasterCard or PayPal for merchants. … For starters, there are no acceptance fees (Bitcoin has an optional transaction fee for senders, typically the equivalent of a few pennies, to expedite payments). And merchants who are put off by the notoriously volatile exchange rate between bitcoins on dollars don’t have to take the currency risk. They can elect to hire a processor … which will take immediate possession of the bitcoins on a merchant’s behalf and remit the equivalent in dollars or euros. The fee for this service is around 1%, which still beats 2% to 3% for credit card payments. So merchants can reap the benefit of Bitcoin without having to worry about the price of bitcoin…. Ah, to be so young again! A few years later, during the bull market of 2017, network traffic became congested, “a few pennies” became a few dollars, settlement could take hours instead of minutes, and I ate my words . Today, it’s another bull market, average confirmation times are again spiking , and fees are in the double digits in dollar terms . This latency has already scuppered at least one would-be Tesla buyer’s bitcoin payment: Other blockchains’ developers tout their higher throughput and lower fees, but none of them boasts Bitcoin’s level of security , network effects or name recognition. Its closest competitor, Ethereum, faces its own scaling challenges. On top of everything else, crypto prices remain volatile, and in the U.S. the government treats digital currencies as property, meaning buying a can of dog food with dogecoin is a reportable and taxable event. None of this augurs well for crypto’s use in everyday commerce in the near term, at least from an Average Joe’s perspective. If you don’t know how much a currency will be worth from one minute to the next and you might have to wait an hour and pay $20 to get the payment done and it’s going to generate a tax liability, why on Earth would you choose this method when buying diapers for your newborn at Walmart? Just swipe that credit card and get on with your life. Winds of change? Then again, I’m talking like a provincial American here. There is some evidence that crypto is starting to catch on as a means of exchange in other parts of the world where payment rails aren’t as developed. Further, on-chain transfers aren’t the only way to move small amounts of digital money anymore; “second layer” systems like Bitcoin’s Lightning Network can do it fast and cheap like in the old days. One of the sector’s most promising entrepreneurs and the scion of a Bitcoin dynasty, Jack Mallers, is working with none other than Visa and using Lightning to clear dollar transactions . And while the stoicism of “HODLing” bitcoin for the long term is admirable, there is a case that it must succeed as “electronic cash” (its creator’s words) if it is to succeed as “digital gold” (the current value proposition), at least as much as the reverse. As CoinDesk Research Director Noelle Acheson wrote a few weeks back : It can be argued that bitcoin’s worth as a store of value depends on its utility. The more there is residual demand for bitcoin as a payment token, regardless of its price, the more investors will believe that demand for it will rise in a sustainable way. It can also be argued it is essential for the health of the network that bitcoin’s use as a medium of exchange be encouraged. As successive halvings reduce the block subsidy (in which miners get new bitcoin as compensation for the work expended in successfully processing blocks of transactions), miner incentives will increasingly rely on transaction fees. PayPal, to its credit, is greasing the wheels here. It won’t charge its usual fee to sell crypto when consumers use the Checkout with Crypto feature (and you have to sell it because PayPal isn’t asking its merchants to accept anything other than fiat). PayPal customers won’t have to worry about on-chain fees or confirmation times, either; that fussy business will be handled behind the scenes by the company and its partner Paxos . And PayPal will mitigate the tax preparation headache for U.S. customers by providing them with a form 1099 documenting their crypto sales and reporting the transactions to the Internal Revenue Service. Will that be enough for consumers to overcome the indignity of paying taxes to buy a cup of coffee and the disincentive to spend a coin today that might be worth more tomorrow? Even with PayPal’s vast reach (29 million merchants worldwide), it’s a tall order. But I would like nothing more than to eat my words again. Related Stories Crypto as a Payment System? Here We Go Again Crypto as a Payment System? Here We Go Again...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54, 49716.19, 49880.54, 46760.19
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Derivatives marketplace CME Group ( CME ) will not be reopening its physical open outcry trading pits, which have been closed since the onset of the COVID-19 pandemic last year. The Group\x92s Eurodollar options pit, however, will continue to operate, as it has done since its reopening in August 2020. Furthermore, CME Group announced that subject to approvals, it will delist floor-based S&P 500 futures and options contracts once its contracts expire in September 2021. Post this delisting, the remaining open interest will be shifted to E-mini S&P 500 futures and options contracts. These contracts are available in electronic format on CME Globex. ( See CME Group stoc k analysis on TipRanks ) One day before it announced the closing of its trading pits, CME Group launched Micro Bitcoin futures, thereby increasing its crypto derivatives product offerings. CME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt said, \x93At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants- from institutions to sophisticated, active traders- to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group\x92s standard Bitcoin futures.\x94 On April 28, Raymond James analyst Patrick O\x92Shaughnessy reiterated a Buy rating on the stock and maintained a $218 price target (6.7% upside potential). Reacting to the company\x92s Q1 performance, O\x92Shaughnessy said, \x93While 1Q21 faced difficult year-on-year comp, trends were generally healthy as a rising rate environment jump-started rate volatility and CME\x92s interest rates franchise.\x94 O\x92Shaughnessy believes \x93CME enjoys a very high barrier to entry business model, an attractive incremental margin profile, and upside to interest rates moving higher from here.\x94 Consensus on the Street is that CME Group is a Moderate Buy based on 6 Buys, 6 Holds, and 2 Sells. The average analyst price target of $206.25 implies the stock is fairly priced at current level. Shares have gained about 18.4% over the past year. Story continues Related News: Facebook\x92s 1Q Results Outperform As Ad Revenue Jumps; Shares Pop 6% Advanced Micro Devices Posts Better-Than-Expected 1Q Results, 2Q Forecasts Top Estimates Realty Income Inks Deal To Acquire VEREIT More recent articles from Smarter Analyst: Jamieson Wellness Delivers Double-Digit Revenue Growth In 1Q good natured Products To Acquire Illinois-Based Ex-Tech Plastics; Shares Pop 20% Apollo Global's 1Q Results Shatter Records, Dividend Confirmed Maple Leaf Foods Earns C$47.7M Profit In 1Q; Shares Fall 4%", "Derivatives marketplace CME Group (CME) will not be reopening its physical open outcry trading pits, which have been closed since the onset of the COVID-19 pandemic last year.\nThe Group’s Eurodollar options pit, however, will continue to operate, as it has done since its reopening in August 2020.\nFurthermore, CME Group announced that subject to approvals, it will delist floor-based S&P 500 futures and options contracts once its contracts expire in September 2021.\nPost this delisting, the remaining open interest will be shifted to E-miniS&P 500futures and options contracts. These contracts are available in electronic format on CME Globex. (See CME Group stock analysis on TipRanks)\nOne day before it announced the closing of its trading pits, CME Group launched Micro Bitcoin futures, thereby increasing its crypto derivatives product offerings.\nCME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt said, “At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants- from institutions to sophisticated, active traders- to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group’s standard Bitcoin futures.”\nOn April 28, Raymond James analystPatrick O’Shaughnessyreiterated a Buy rating on the stock and maintained a $218 price target (6.7% upside potential).\nReacting to the company’s Q1 performance, O’Shaughnessy said, “While 1Q21 faced difficult year-on-year comp, trends were generally healthy as a rising rate environment jump-started rate volatility and CME’s interest rates franchise.”\nO’Shaughnessy believes “CME enjoys a very high barrier to entry business model, an attractive incremental margin profile, and upside to interest rates moving higher from here.”\nConsensus on the Street is that CME Group is a Moderate Buy based on 6 Buys, 6 Holds, and 2 Sells. The average analystprice target of $206.25implies the stock is fairly priced at current level. Shares have gained about 18.4% over the past year.\nRelated News:Facebook’s 1Q Results Outperform As Ad Revenue Jumps; Shares Pop 6%Advanced Micro Devices Posts Better-Than-Expected 1Q Results, 2Q Forecasts Top EstimatesRealty Income Inks Deal To Acquire VEREIT\n• Jamieson Wellness Delivers Double-Digit Revenue Growth In 1Q\n• good natured Products To Acquire Illinois-Based Ex-Tech Plastics; Shares Pop 20%\n• Apollo Global's 1Q Results Shatter Records, Dividend Confirmed\n• Maple Leaf Foods Earns C$47.7M Profit In 1Q; Shares Fall 4%", "Derivatives marketplace CME Group (CME) will not be reopening its physical open outcry trading pits, which have been closed since the onset of the COVID-19 pandemic last year.\nThe Group’s Eurodollar options pit, however, will continue to operate, as it has done since its reopening in August 2020.\nFurthermore, CME Group announced that subject to approvals, it will delist floor-based S&P 500 futures and options contracts once its contracts expire in September 2021.\nPost this delisting, the remaining open interest will be shifted to E-miniS&P 500futures and options contracts. These contracts are available in electronic format on CME Globex. (See CME Group stock analysis on TipRanks)\nOne day before it announced the closing of its trading pits, CME Group launched Micro Bitcoin futures, thereby increasing its crypto derivatives product offerings.\nCME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt said, “At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants- from institutions to sophisticated, active traders- to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group’s standard Bitcoin futures.”\nOn April 28, Raymond James analystPatrick O’Shaughnessyreiterated a Buy rating on the stock and maintained a $218 price target (6.7% upside potential).\nReacting to the company’s Q1 performance, O’Shaughnessy said, “While 1Q21 faced difficult year-on-year comp, trends were generally healthy as a rising rate environment jump-started rate volatility and CME’s interest rates franchise.”\nO’Shaughnessy believes “CME enjoys a very high barrier to entry business model, an attractive incremental margin profile, and upside to interest rates moving higher from here.”\nConsensus on the Street is that CME Group is a Moderate Buy based on 6 Buys, 6 Holds, and 2 Sells. The average analystprice target of $206.25implies the stock is fairly priced at current level. Shares have gained about 18.4% over the past year.\nRelated News:Facebook’s 1Q Results Outperform As Ad Revenue Jumps; Shares Pop 6%Advanced Micro Devices Posts Better-Than-Expected 1Q Results, 2Q Forecasts Top EstimatesRealty Income Inks Deal To Acquire VEREIT\n• Jamieson Wellness Delivers Double-Digit Revenue Growth In 1Q\n• good natured Products To Acquire Illinois-Based Ex-Tech Plastics; Shares Pop 20%\n• Apollo Global's 1Q Results Shatter Records, Dividend Confirmed\n• Maple Leaf Foods Earns C$47.7M Profit In 1Q; Shares Fall 4%", 'In my previous video, I highlighted a number of price scenarios and one of them were a higher low established off of the 52K area. We almost got that one, except that price, refuses to break 53K. For shorter time frame strategies like day trading, these sharp single candle moves offer excellent opportunities, but for swing trades, the risk is too high. Here is what I mean: If we go long at 58K, proportional risk for a swing trade is now around 53K which means I have to risk at LEAST 5K points. In order to justify this, Bitcoin needs to push to 63K in the next leg just to reach a 1:1 reward/risk ratio. The probability of that scenario is much lower compared to if I bought around 50K, risked only 3K points, and required a retrace back to the middle of the range (55 to 58K area). The probability of a retrace back to the middle of the range is much greater than of the range low. Since we trade rules for our swing trade strategy, we have no choice but to wait this out. Bitcoin either tests the range low again, (between 52K and 50K) and provides a setup, or we don\x92t assume any new risk. Waiting for the right level and setup is much more effective when it comes to returns over time compared to taking numerous low-probability trades. Many traders and investors don\x92t realize, over time, the losing trades cost way more than the few random wins from chasing action. If you would like to know more about our strategy, please visit. This article was originally posted on FX Empire More From FXEMPIRE: Dogecoin Pulls Back After Strong Rally S&P 500 Price Forecast \x96 Stock Market Killing Time Before Jobs Number German Factory Orders Deliver EUR Support Early in the Session E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis \x96 Support Moves Up to 33896 and 33688 Silver Price Forecast \x96 Silver Pulls Back to 50 EMA Only to Find Buyers AUD/USD Forex Technical Analysis \x96 If Downside Momentum Continues then Look for Test of .7675 \x96 .7641', 'In my previous video, I highlighted a number of price scenarios and one of them were a higher low established
**Last 60 Days of Bitcoin's Closing Prices:**
[51206.69, 52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-06
**Financial & Commodity Data:**
- Gold Closing Price: $1815.50
- Crude Oil Closing Price: $64.71
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,068,932,245,219
- Hash Rate: 174160117.3245814
- Transaction Count: 311380.0
- Unique Addresses: 843433.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.65
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Shares of Signature Bank SBNY gained 9.1% in response to first-quarter 2021 results. Earnings of $3.24 per share easily beat the Zacks Consensus Estimate of $2.83. Also, the bottom line grew 72.3% year over year. Higher loan and deposit balances supported net interest income (NII) growth. This, along with increase in non-interest income and lower provisions, were the tailwinds. However, rise in operating expenses and lower interest rates were the undermining factors. Net income was $190.5 million, jumping 91.3% from the prior-year quarter. Also, pre-tax pre-provision earnings came in at $272.8 million, up 24.9%. Revenues, Loans & Deposits Rise; Expenses Up Total revenues jumped 21.2% from the prior-year quarter to $439.2 million. The top line, also, surpassed the Zacks Consensus Estimate of $427.1 million. NII climbed 16.7% to $406.5 million on increase in average interest earning assets. However, net interest margin (on tax-equivalent basis) contracted 69 basis points (bps) to 2.10%. Non-interest income was $32.7 million, up substantially from $14.2 million in the year-ago quarter. Growth in all the components led to the jump. Non-interest expenses of $166.4 million rose 15.6%. This upsurge chiefly stemmed from rise in salaries and benefits due to massive hiring of private client banking teams. Efficiency ratio was 37.88%, down from 39.72% reported as of Mar 31, 2020. A lower ratio indicates a rise in profitability. Net loans and leases, as of Mar 31, 2021, were $50.4 billion, up 4.4% sequentially. Also, total deposits rose 16.8% to $74 billion. Credit Quality: Mixed Bag Net charge-offs were $17.9 million during the March quarter, up substantially from $1.7 million recorded in the prior-year quarter. Further, the ratio of non-accrual loans to total loans was 0.26%, up 11 bps. Also, allowance for credit losses for loans and leases was $521.8 million, up 46.4%. However, provision for loan and lease losses plunged 53.8% to $30.9 million, mainly driven by improved macroeconomic conditions. Story continues Capital & Profitability Ratios Improve As of Mar 31, 2021, Tier 1 risk-based capital ratio was 12.18%, up from 11.05% on Mar 31, 2020. Furthermore, total risk-based capital ratio was 14.41% compared with the prior-year quarters 12.77%. Return on average assets was 0.97% in the reported quarter compared with the year-earlier quarters 0.78%. As of Mar 31, 2021, return on average common stockholders' equity was 13.02%, up from 8.42%. Our Take Signature Banks first-quarter results reflect escalating expenses. It is focused on investing in technology by enhancing its payments platform and credit-approval system, which might further inflate costs. Nevertheless, the company has a robust balance sheet. Also, top-line strength on rising fee income and NII are expected to continue supporting profitability. Signature Bank Price, Consensus and EPS Surprise Signature Bank Price, Consensus and EPS Surprise Signature Bank price-consensus-eps-surprise-chart | Signature Bank Quote Currently, Signature Bank carries a Zacks Rank #3 (Hold). You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here . Performance of Other Banks Washington Federal s WAFD second-quarter fiscal 2021 (ended Mar 31) earnings of 56 cents per share surpassed the Zacks Consensus Estimate of 49 cents. Further, the figure reflects a year-over-year rise of 19.1%. Commerce Bancshares Inc. s CBSH first-quarter 2021 earnings per share of $1.11 surpassed the Zacks Consensus Estimate of 96 cents. Also, the bottom line surged significantly from the 42 cents earned in the prior-year quarter. Synovus Financial SNV reported first-quarter 2021 adjusted earnings of $1.21 per share, which handily beat the Zacks Consensus Estimate of 93 cents, aided by solid mortgage banking income. Also, the bottom line increased 17.4% from the prior-year quarter figure. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the Internet of Money and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commerce Bancshares, Inc. (CBSH) : Free Stock Analysis Report Synovus Financial Corp. (SNV) : Free Stock Analysis Report Washington Federal, Inc. (WAFD) : Free Stock Analysis Report Signature Bank (SBNY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54, 49716.19, 49880.54, 46760.19, 46456.06
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["SINGAPORE / ACCESSWIRE / May 6, 2021 /Shivam Tandon, the founder & CEO stated that TeraBlock was built in the wake of crypto-assets evolution, to be the simplest machine learning based trading platform, to help people make the most out of trading crypto-assets.\nTeraBlock is scheduled for a highly anticipated IDO on BSCPAD on May 11. The project has attracted heavy hitter investors such as OroPocket, Master Ventures, Blocksync Ventures, X21, Magnus Capital, GenBlock Capital and AU21.\nInvesting in the Crypto-currency industry remains a complex undertaking for most people.\nFinding the right market to invest in, at the right time can be intimidating, mainly due to the persistent volatility. For this reason, TeraBlock has developed an automated machine learning trading and investment management solution that can lower the barriers for those who wish to enter the market seamlessly.\nMaking Crypto Investments EasierPeople who are unfamiliar with crypto-currencies may find it difficult to invest in Bitcoin or other assets. There is a steep learning curve in this industry that turns many people away. No one wants to, or has the capacity to study every aspect of crypto industry, comparing different markets or finding the right time to invest during volatile periods.\nIn traditional finance, investing in different currencies, assets or markets is relatively simple. Exposure to other sectors can be done through direct means, with or without the help of external parties. It's a very simple process, but such solutions are a bit difficult to find when it comes to crypto-currencies.\nIn the current landscape, specific currencies can be purchased regularly through a method known as dollar cost averaging. Implementing this method for multiple currencies becomes more complex than necessary. TeraBlock wants to change this narrative by combining innovative technologies with Crypto-currency investment.\nIt's also important to note that TeraBlock offers a simple way (a fiat onramp) to purchase crypto-currencies. With native support for credit and debit cards, purchasing Bitcoin and other supported assets will become much easier. TeraBlock taps into Binance's deep liquidity to provide competitive pricing for those who wish to buy or sell their crypto-currency at any time.\nDifferent Indices For Different Risk AppetitesAs the crypto-currency industry grows over time, investing in the right markets and assets is essential. Rather than discovering these opportunities on ones own, TeraBlock offers direct exposure to four different indexes. These are based on market capitalization, recent performance, project overview and statistical data. Each option has its own advantages and disadvantages, depending on risk appetite.\nOnce a user opts for a specific index, the machine learning algorithm will buy the assets according to the user's instructions and continuously monitor the market. If the market starts going in the wrong direction, the trading engine will exit that market pair until things normalize again. With the use of low frequency trading, users will not see too many changes in their overall investment basket.\nLeveraging Artificial Intelligence (AI) and Machine Learning (ML) For Automated TradingIt's not entirely uncommon to see artificial intelligence and/or machine learning in financial products and services these days. The financial industry has robo-advisors that help people automate their investments and manage their portfolios over time. In most cases, the AI or ML algorithm will even rebalance its portfolio based on current market conditions and overall risk appetite.\nTeraBlock now wants to bring this same approach to the crypto-currency industry. Using artificial intelligence and machine learning, users will be able to gain confidence in a new asset class without friction. This is critical when it comes to notoriously volatile markets, even on a good day. Seeing prices plunge or rise more than 20-40% in one day is far from uncommon in this sector.\nTeraBlock's solutions offers 100% automated portfolio management. Funds will be protected from volatility and the algorithm strives to provide consistent growth over time. Since the underlying algorithm learns and adapts, Terablock users could potentially enjoy more successful trades over time.\nClosing ThoughtsMaking crypto-currencies more attractive, is an essential part of the evolution of this industry. Things are moving in the right direction, but a lot of work is yet to be done.\nThe platform offered by TeraBlock shows what the future of crypto adoption could look like. A solution that lowers the barrier to market volatility that can be utilized by users, amateurs or advanced alike.Follow TeraBlock's media channels to stay up to date with the latest news:\nOfficial Website:https://terablock.ai/Telegram Chat:-t.me/TeraBlockMedium:https://myterablock.medium.comTwitter :https://twitter.com/MyTeraBlockLinkedIn :https://www.linkedin.com/company/myterablock/\nMedia Contact:[email protected]:https://RT.Capital\nSOURCE:TeraBlock\nView source version on accesswire.com:https://www.accesswire.com/645595/AI-Based-Trade-Automation-The-Case-of-TeraBlock", "Occam Association is excited to announce their IDO launching through the OccamRazer platform - DeFIRE - a project incubated and nurtured by OccamFi and powered by Changelly.\nDecentralized Finance and Fundraising: The case of Occam.fi\nZUG, SWITZERLAND / ACCESSWIRE / May 6, 2021 /First, what is decentralized Finance (DeFi)? DeFi is an inclusion of all the financial services that don't have a central authority (a particular person or organization in charge). Financial system services include; money transfer, savings plans, loans, stock market, and insurance. Traditionally, the financial system is centralized and the authorities in charge are banks, insurance companies, and stock markets. And these institutions also have someone in charge. The centralized finance system has risks such as fraud, corruption, or mismanagement. Using cryptocurrencies (decentralized money e.g Bitcoin) one can build exchanges, insurance companies, and lending services that aren't owned or controlled by any authority.\nTraditionally, when one needed to start a new business venture, they'd find ways of raising funds either through bank loans or bringing together a group of people physically or online. In the case of decentralized finance, fundraising is Blockchain-based and is referred to as crowdfunding. Initially starting with ICOs (initial coin offerings) to a much more refined IDO models (Initial Dex Offerings), better known to many as launchpads. Some advantages of this decentralized fundraising include speed, flexibility, automation, efficiency, and the ability for projects to get funded by investors from all over the globe. Most of the action has thus far taken place on Ethereum. Until now.\nEnter Occam.fi to the DeFi world, on the Cardano network.\nWhat is Occam.fi?\nOccam.fi offers the first decentralized fundraising launchpad for Cardano called OccamRazer. A platform that enables new Blockchain projects to raise funds as well as giving investors early access to the tokens or coins. Cardano is a Blockchain platform based on proof-of-stake (PoS) onto which Dapps or decentralized projects can be built. Just like Facebook is built on the internet, decentralized applications (Dapps) are built on the Cardano network.\nOccamRazer will enable projects to raise funds by providing many types of unique fundraising mechanisms. Presenting a robust working product, where every project can carry out fundraising in a decentralized manner. It suits various fundraising profiles and is intended to drive the unlocking of Cardano ecosystems' liquidity.\nApart from the Launchpad, Occam.fi plans to launch a decentralized exchange (DEX) and a DAO-based layer for governance.\nThe Occam ecosystem will be operating through OCC tokens which will be launched as Cardano native tokens. The OCC tokens will be used to access liquidity pools, and for staking.\nThe Problem Occam.fi solves\nThe traditional way of fundraising has disadvantages such as exclusivity, cost efficiency, and a limited possibility of investors. On the other hand, most of the decentralized fundraising systems that have come up before still face shortcomings such as bias, and volatility.\nCardano's ADA has been considered valueless before because ADA holders couldn't stake the tokens for the purposes of yield generation. ADA had limited uses and utility. Cardano, therefore, has a large pool of dormant liquidity. Introducing DeFi on Cardano will pave way for projects to be launched on Cardano. Also, such projects will be in need of an efficient decentralized fundraising vehicle.\nThe Occam.fi solution\nOccam.fi offers a simple proposition aimed at assisting various types of projects that are seeking that initial investment. This solution is to be offered efficiently. Through fundraising for private and public rounds.\nAdditionally, through OccamRazer, Occam addresses issues of speed and cost of fundraising while solving all the other shortcomings of the current decentralized exchange fundraising. The shortcoming includes volatility and intricacies that are unaccounted for. The OccamRazer product is also intended to provide value by being user-friendly.\nWhat Makes Occam a Great Solution?\nOccamRazor is bringing speed, low cost, and transparency to decentralized financing. Also, it will accommodate all types of project sizes from the smallest to the largest.\nCurrently, Ether holders find it hard to fund new projects that are built on other blockchains. Through the cross-chain bridge that Occam will create they will be able to do that.\nOccam will allow utilization of the dormant liquidity on Cardano giving the ADA token more value. Up until now, has been a huge unrealized benefit to the Cardano community,\nConclusion\nIn conclusion, Occam.fi comes as good news to both Cardano and the new projects that
**Last 60 Days of Bitcoin's Closing Prices:**
[52246.52, 54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-07
**Financial & Commodity Data:**
- Gold Closing Price: $1831.10
- Crude Oil Closing Price: $64.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,069,636,597,050
- Hash Rate: 176209059.88134116
- Transaction Count: 307988.0
- Unique Addresses: 804452.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoinattracts more investors after a series of BTC purchases by Microstrategy and a groundbreaking $1.5B investment in Bitcoin by Tesla. Microstrategy first purchased Bitcoin in august 2020 buying $250 million worth of BTC, the company continues to invest in Bitcoin with the latest purchase made on February 24, adding 19,452 BTC equivalent to more than $1 billion, to their holdings. The amount of 91,064 Bitcoin held by the company at the current price is equivalent to $4,894,972,298.
More than 25 publicly traded companies currently holdBitcoin, according to the data from Bitcoin Treasuries. The total amount of Bitcoin held by these 25 public companies is equal to 178,855 which at the current price is equivalent to $9,659,046,389.50.
The list of public companies holding BTC is as follows:
The total number of Bitcoin used in DeFi hit another record today surpassing the 176,000 BTC locked in DeFi according to DeFi pulse, raising the total value locked in DeFi to $9.54B.
As the holdings of the BTC and an emerging DeFi ecosystem grow, it is assumed that Bitcoin after a crash of February 22 this year, has entered into a new bullish cycle since February 28, setting a new ascending parallel channel.
Gaining almost 5% to it’s value, Bitcoin is currently traded at $54,660 and is only $3,687 below it’s all-time-high. If such pace continues, Bitcoin might reach a new milestone of $60 000 per BTC soon and most likely set a new ATH at $66 000 by touching the upper edge of the ascending parallel channel.
Thisarticlewas originally posted on FX Empire
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• U.S. Dollar Index (DX) Futures Technical Analysis – Close Under 92.33 Forms Bearish Closing Price Reversal Top...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
58803.78, 58232.32, 55859.80, 56704.57, 49150.54, 49716.19, 49880.54, 46760.19, 46456.06, 43537.51
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 1.59% on Friday. Partially reversing a 1.80% loss from Thursday, Bitcoin ended the day at $57,349.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,300.0 before making a move. Steering clear of the first major support level at $55,040, Bitcoin rallied to a late afternoon intraday high $58,635.0. Bitcoin broke through the first major resistance level at $58,101 before easing back to sub-$57,000 levels. Finding late support, however, Bitcoin moved back through to $57,000 levels to deliver the upside on the day. The near-term bullish trend remained intact supported by the recovery to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Chainlink rose by 4.24% to lead the way, with Cardano’s ADA (+0.21%) and Crypto.com Coin (+1.33%) also avoiding the red. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV slid by 11.54% to lead the way down, with Polkadot falling by 5.59%. Binance Coin (-1.52%), Ethereum (-0.22%), Litecoin (-2.61%), and Ripple’s XRP (-1.44%) saw relatively modest losses. In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Thursday high $2,447bn. At the time of writing, the total market cap stood at $2,332bn. Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 46.10%. This Morning At the time of writing, Bitcoin was up by 0.11% to $57,411.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,267.0 before rising to a high $57,583.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-0.09%), Cardano’s ADA (-0.26%), Crypto.com Coin (-0.94%), and Polkadot (-0.16%) saw early red. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Chainlink was up by 0.92% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $57,095 to support a run at the first major resistance level at $58,889. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $58,635.0. Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $60,430. Failure to avoid a fall through the pivot at $57,095 would bring the first major support level at $55,554 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $53,760. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Prediction – Prices Rise but Remain Rangebound The Crypto Daily – Movers and Shakers – May 8th, 2021 Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Threaten Breakout S&P 500 Weekly Price Forecast – Stock Markets Have Fallen a Week but End on Strength Gold Price Futures (GC) Technical Analysis – Ready to Challenge $1858.90 as Long as $1788.50 Holds as Support U.S. Dollar Index (DX) Futures Technical Analysis – Downtrend Reinstated as Treasury Yields Plunge', 'Bitcoin, BTC to USD, rose by 1.59% on Friday. Partially reversing a 1.80% loss from Thursday, Bitcoin ended the day at $57,349.0.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $55,300.0 before making a move.\nSteering clear of the first major support level at $55,040, Bitcoin rallied to a late afternoon intraday high $58,635.0.\nBitcoin broke through the first major resistance level at $58,101 before easing back to sub-$57,000 levels.\nFinding late support, however, Bitcoin moved back through to $57,000 levels to deliver the upside on the day.\nThe near-term bullish trend remained intact supported by the recovery to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nChainlinkrose by 4.24% to lead the way, withCardano’s ADA(+0.21%) andCrypto.com Coin(+1.33%) also avoiding the red.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SVslid by 11.54% to lead the way down, with Polkadot falling by 5.59%.\nBinance Coin(-1.52%),Ethereum(-0.22%),Litecoin(-2.61%), andRipple’s XRP(-1.44%) saw relatively modest losses.\nIn the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Thursday high $2,447bn. At the time of writing, the total market cap stood at $2,332bn.\nBitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 46.10%.\nAt the time of writing, Bitcoin was up by 0.11% to $57,411.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,267.0 before rising to a high $57,583.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (-0.09%), Cardano’s ADA (-0.26%), Crypto.com Coin (-0.94%), and Polkadot (-0.16%) saw early red.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Chainlink was up by 0.92% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $57,095 to support a run at the first major resistance level at $58,889.\nSupport from the broader market would be needed for Bitcoin to break out from Friday’s high $58,635.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $60,430.\nFailure to avoid a fall through the pivot at $57,095 would bring the first major support level at $55,554 into play.\nBarring an extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $53,760.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Prediction – Prices Rise but Remain Rangebound\n• The Crypto Daily – Movers and Shakers – May 8th, 2021\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Threaten Breakout\n• S&P 500 Weekly Price Forecast – Stock Markets Have Fallen a Week but End on Strength\n• Gold Price Futures (GC) Technical Analysis – Ready to Challenge $1858.90 as Long as $1788.50 Holds as Support\n• U.S. Dollar Index (DX) Futures Technical Analysis – Downtrend Reinstated as Treasury Yields Plunge', '\x93 Democrats are now the party that can\x92t tell the difference between Anthony Weiner and Al Franken,\x94 said Bill Maher at the close of Real Time on Friday night. He went on to bemoan the increasing rigidity of the Left and the increasing, well, liberalism of the Right. \x93Once upon a time the Right were offended by everything. They were the party of speech codes and black lists and moral panics and demanding some TV show had to go. Now that\x92s us. We\x92re the fun-suckers now. We suck the fun out of everything: Halloween, the Oscars , childhood, twitter, comedy.\x94 More from Deadline \'Late Show\' Host Stephen Colbert Probes The Minds Of John Oliver, Ringo Starr, Jane Fonda With 15-Question Quiz As The Oscars Hit Bottom, Do Something, Anything. Call Bill Maher! Bill Maher Flays The Oscars -"It Was Like, We Dare You To Be Entertained"; Calls Out Elon Musk On Bitcoin Maher continued as part of his New Rules segment, \x93American government works best like a mullet: Republicans do business in the front, Democrats party in the back.\x94 \x93[GOP Congresswoman] Marjorie Taylor Green is reportedly into polyamorous tantric sex,\x94 said the disbelieving host. \x93And Ashley Babbitt, the MAGA warrior who died storming the capitol was apparently part of a thruple. \x93That\x92s a long way,\x94 said Maher, from when Jerry Falwell \x93blasted the Teletubbies because one of them was allegedly gay because it was purple.\x94 \x93[Former Democratic Congresswoman] Katie Hill \x85who, like Ashley Babbitt, was found to be part of a thruple and pictured holding a bong\x85that was too much for our new puritanical Democratic Party.\x94 \x93We\x92re the thruple people! The bong people! The tantric sex gurus!\x94 enjoined Maher. \x93We did f*cking in the mud [at Woodstock] and bra burning and \x91turn on and tune in and drop out.\x92 They\x92re the party who won\x92t bake wedding cakes for gay people!\x94 \x93It\x92s time to switch back,\x94 he said in closing, \x93because frankly, you\x92re not good at being us and being you sucks.\x94 Story continues You can watch Maher deliver his New Rules diatribe below. Sign up for Deadline\'s Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .', '\x93 Democrats are now the party that can\x92t tell the difference between Anthony Weiner and Al Franken,\x94 said Bill Maher at the close of Real Time on Friday night. He went on to bemoan the increasing rigidity of the Left and the increasing, well, liberalism of the Right. \x93Once upon a time the Right were offended by everything. They were the party of speech codes and black lists and moral panics and demanding some TV show had to go. Now that\x92s us. We\x92re the fun-suckers now. We suck the fun out of everything: Halloween, the Oscars , childhood, twitter, comedy.\x94 More from Deadline \'Late Show\' Host Stephen Colbert Probes The Minds Of John Oliver, Ringo Starr, Jane Fonda With 15-Question Quiz As The Oscars Hit Bottom, Do Something, Anything. Call Bill Maher! Bill Maher Flays The Oscars -"It Was Like, We Dare You To
**Last 60 Days of Bitcoin's Closing Prices:**
[54824.12, 56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-08
**Financial & Commodity Data:**
- Gold Closing Price: $1831.10
- Crude Oil Closing Price: $64.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,088,356,560,794
- Hash Rate: 175184588.60296133
- Transaction Count: 274691.0
- Unique Addresses: 744143.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.67
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / March 21, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you. BLUE Shareholders Click Here: https://www.zlk.com/pslra-1/bluebird-bio-inc-loss-form?prid=13925&wire=1 VLDR Shareholders Click Here: https://www.zlk.com/pslra-1/velodyne-lidar-inc-loss-submission-form?prid=13925&wire=1 REGI Shareholders Click Here: https://www.zlk.com/pslra-1/renewable-energy-group-inc-loss-submission-form?prid=13925&wire=1 * ADDITIONAL INFORMATION BELOW * bluebird bio, Inc. (NASDAQ:BLUE) BLUE Lawsuit on behalf of: investors who purchased May 11, 2020 - November 4, 2020 Lead Plaintiff Deadline : April 13, 2021 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/bluebird-bio-inc-loss-form?prid=13925&wire=1 According to the filed complaint, during the class period, bluebird bio, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) data supporting bluebird's BLA submission for LentiGlobin for SCD was insufficient to demonstrate drug product comparability; (ii) Defendants downplayed the foreseeable impact of disruptions related to the COVID-19 pandemic on the Company's BLA submission schedule for LentiGlobin for SCD, particularly with respect to manufacturing; (iii) as a result of all the foregoing, it was foreseeable that the Company would not submit the BLA for LentiGlobin for SCD in the second half of 2021; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times. Velodyne Lidar, Inc. (NASDAQ:VLDR) VLDR Lawsuit on behalf of: investors who purchased November 9, 2020 - February 19, 2021 Lead Plaintiff Deadline : May 3, 2021 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/velodyne-lidar-inc-loss-submission-form?prid=13925&wire=1 Story continues According to the filed complaint, during the class period, Velodyne Lidar, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) certain of Velodyne's directors had failed to operate with respect, honesty, integrity, and candor in their dealings with the Company's officers and directors; (2) the Company was investigating the foregoing matters; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Renewable Energy Group, Inc. (NASDAQ:REGI) REGI Lawsuit on behalf of: investors who purchased May 3, 2018 - February 25, 2021 Lead Plaintiff Deadline : May 3, 2021 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/renewable-energy-group-inc-loss-submission-form?prid=13925&wire=1 According to the filed complaint, during the class period, Renewable Energy Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company's customers; (2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) as a result, Renewable Energy's revenue and net income were overstated for certain periods; (4) there was a material weakness in the Company's internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 55 Broadway, 10th Floor New York, NY 10006 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 https://www.zlk.com SOURCE: Levi & Korsinsky, LLP View source version on accesswire.com: https://www.accesswire.com/636713/CLASS-ACTION-UPDATE-for-BLUE-VLDR-and-REGI-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders...
- Reddit Posts (Sample): [['u/yuantukin', 'Bitcoin situation in the Philippines way back 2011', 12, '2021-05-08 00:01', 'https://www.reddit.com/r/phinvest/comments/n7a85z/bitcoin_situation_in_the_philippines_way_back_2011/', 'Do any of you know what the Bitcoin situation was back in 2011? Was it easy to buy and sell Bitcoin then? If not, when did it become easy for us to buy and sell crypto here in the Philippines?', 'https://www.reddit.com/r/phinvest/comments/n7a85z/bitcoin_situation_in_the_philippines_way_back_2011/', 'n7a85z', [['u/FrustratedAsianDude', 20, '2021-05-08 00:26', 'https://www.reddit.com/r/phinvest/comments/n7a85z/bitcoin_situation_in_the_philippines_way_back_2011/gxbqxy2/', 'I highly doubt that it was easy to buy and sell bitcoin at the time. I think things became easier when coins.ph came along, but that was later. Why do you ask this? Do you have a time machine? 😬😬😬', 'n7a85z']]], ['u/rayraysphone', 'My Insurance Agent, Who Makes Her Living Protecting Others Against Financial Disasters, Bought DOGE On Sunday', 108, '2021-05-08 00:27', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/', 'Phone call with insurance agent, legit company (big enough that you\'d know them, but not big box like the lizard or Flo...very "legit"). Renewing policy. She asks how I\'d like to pay. I jokingly ask if she takes Bitcoin. She says "No. But I bought Dog stock on Sunday. I\'ve already made a hundred." \n\n\nDon\'t know if a hundred dollars or a hundred "Dog stocks," but my shoes are now shined so to speak. This cycle is going to be a bloodbath.', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/', 'n7arzk', [['u/[deleted]', 65, '2021-05-08 01:37', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxbz5n5/', 'Your insurance agent is clearly going to be part of the new financial elite. You should be sucking up to her.', 'n7arzk'], ['u/Just_Go_Full_Tilt', 23, '2021-05-08 01:58', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxc1j6y/', 'You like to throw money away just for fun?\n\nCheck out mr money bags over here.', 'n7arzk'], ['u/Depressedredditor999', 10, '2021-05-08 01:59', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxc1noj/', 'Want to have some real laughs, send that money to something useful like I dunno feeding hungry people, or feeding me, either or.', 'n7arzk'], ['u/2legited2', 42, '2021-05-08 02:02', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxc1zu8/', 'She makes living by selling whatever is easy to sell and people will buy. So this is quite natural development for her', 'n7arzk'], ['u/2legited2', 15, '2021-05-08 02:28', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxc4x49/', 'Did you buy DOGE thinking it was a "dog stocks"?', 'n7arzk'], ['u/2legited2', 10, '2021-05-08 02:30', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxc529p/', 'Its ok to gamble, but you also contributed to environment deterioration for no reason (other than personal financial gain) just FYI', 'n7arzk'], ['u/Underfitted', 27, '2021-05-08 02:31', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxc56yk/', 'Doge is going to be a precursor to bitcoin liquidity crash. Its going to be interesting to see how many people actually will be able to cash out with a profit with Doge.', 'n7arzk'], ['u/OsrsNeedsF2P', 13, '2021-05-08 03:19', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxcabr4/', "What's your firm? I'm all for gambling but this comment just shows you're incompetent and I need to avoid it", 'n7arzk'], ['u/Gilbert_Goldfish', 12, '2021-05-08 05:47', 'https://www.reddit.com/r/Buttcoin/comments/n7arzk/my_insurance_agent_who_makes_her_living/gxcpn5z/', 'I love it when people call Doge “doggy coin” or “dog coin.” Much love for the satire', 'n7arzk']]], ['u/papasmruf', 'Ray Dalio: “Bitcoin is a bubble”. Ray Dalio’s CFO: “I’m leaving you for a #Bitcoin company”', 1363, '2021-05-08 00:27', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/', '[Source](https://twitter.com/EllieFrost/status/1390727148869013505?s=20)', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/', 'n7as1g', [['u/ManyArtichoke', 13, '2021-05-08 01:17', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxbwxkf/', 'Sometimes it is', 'n7as1g'], ['u/MrKittenz', 94, '2021-05-08 01:26', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxbxwcn/', 'I thought Dalio changed his stance?', 'n7as1g'], ['u/rtmullen3', 54, '2021-05-08 02:00', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxc1t2v/', 'Didn’t Dalio recommend putting 20% into BTC?', 'n7as1g'], ['u/hateschoolfml', 20, '2021-05-08 02:08', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxc2qhz/', 'He spoke at a Texas a&m btc conference too but none clarity if he did change his stance', 'n7as1g'], ['u/Throwaway15Pens', 12, '2021-05-08 03:24', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcay2i/', 'Dalio’s relationship between him and his CFO is a bubble', 'n7as1g'], ['u/hiddenfrommyboss', 15, '2021-05-08 03:32', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcbqqu/', 'What is a Bitcoin company?', 'n7as1g'], ['u/bittabet', 30, '2021-05-08 05:01', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcl55f/', 'Dalio embraced Bitcoin guys...that bubble thing is from hella long ago.', 'n7as1g'], ['u/bittabet', 114, '2021-05-08 05:02', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcl7em/', "Yeah, he changed his view several months back and published [a long piece about why Bitcoin.](https://www.bridgewater.com/research-and-insights/our-thoughts-on-bitcoin)\n\nThat's why he's going to all these Bitcoin conferences now.\n\nHe's [presenting at Consensys 2021](https://events.coindesk.com/events/details/coindesk-consensus-presents-consensus-2021/) and is actually listed as the top guest ahead of even Saylor. So he's definitely on board and doesn't think it's a bubble anymore. \n\nDon't know why OP feels the need to shit on him. Him and his CFO obviously both decided to embrace Bitcoin in full.\n\nIt takes people time to study Bitcoin and become convinced that it's the real thing and not a scam. Like 99% of people out there think it sounds either too crazy or too good to be true the first time they hear about it. Many people never get past that initial stage and sort of anchor in and insist that it's no good. The smart people keep and open mind and keep reading about it and then one day it **finally clicks in their head** and they get it.\n\nDalio is 100% a Bitcoiner now and he runs the largest hedge fund in the world that invests for tons of institutions so shitting on him makes no sense. He's the one onboarding pension funds and endowments guys.", 'n7as1g'], ['u/Buzzergoes_Ovenoff', 35, '2021-05-08 06:16', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcschi/', 'Apparently [he did](https://www.kitco.com/news/2021-04-16/Diversification-is-key-as-world-faces-currency-debasement-threat-Ray-Dalio.html).', 'n7as1g'], ['u/JNSD90', 17, '2021-05-08 06:36', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcu33z/', 'Ray is incredibly smart and the comments about “boomer” on Twitter are pathetic. Do they even know what he’s done in his career?', 'n7as1g'], ['u/Less-Emotion', 12, '2021-05-08 07:01', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcw85t/', 'No, they don\'t. *Middle aged guy says things I dislike*.\n \n"He\'s an idiot"!', 'n7as1g'], ['u/Less-Emotion', 22, '2021-05-08 07:28', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxcy9tj/', "Are we really going to criticise the titans of the traditional finance industry for changing their minds about crypto? These guys have made billions of dollars and understand the economy and markets in a way almost none of us ever will. Let's accept this with grace and respect the fact that they are actually able to change their view. Especially when guys like Buffet and Munger are unable to.", 'n7as1g'], ['u/set-271', 13, '2021-05-08 08:05', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxd10xx/', "I get the humor, but at the end of the day, I like Ray Dalio, even though he didn't recommend Bitcoin last year. Now he does, which makes me a fan of him more.\n\nDalio is always well meaning, informative and helpful to the masses. Even if he doesnt get Bitcoin, I will still listen to whatever he has to say about financial markets.", 'n7as1g'], ['u/mbrochh', 13, '2021-05-08 09:11', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxd5igz/', "I don't think Ray will ever become 100% a bitcoiner. He understands geopolitics and global supply chains and will always believe that the nation state is powerful and necessary. He will always be a statist.", 'n7as1g'], ['u/Bitcoin_is_plan_A', 12, '2021-05-08 09:40', 'https://www.reddit.com/r/Bitcoin/comments/n7as1g/ray_dalio_bitcoin_is_a_bubble_ray_dalios_cfo_im/gxd7caa/', '> Dalio is 20% a Bitcoiner', 'n7as1g']]], ['u/kintax', 'Can I swap my Bitcoin ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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58232.32, 55859.80, 56704.57, 49150.54, 49716.19, 49880.54, 46760.19, 46456.06, 43537.51, 42909.40
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Tesla CEO and founder and chief engineer of SpaceX, Elon Musk.Photo: Yasin Ozturk/Anadolu Agency via Getty Images (Anadolu Agency via Getty Images) The value of dogecoin ( DOGE ) plummeted from record highs after Elon Musk’s Saturday Night Live (SNL) appearance, disappointing investors who tried to push the coin to $1 (£0.72). Analysts had expected the Tesla ( TSLA ) CEO or the "Dogefather" to mention the meme-inspired crypto on SNL and send prices spiking, instead his plug saw the coin crash nearly 25% from $0.69 to $0.48 a few minutes into his stint. Dogecoin continued to lose its gains from last week on Sunday, currently trading 33% lower to $0.47. Flagship crypto, Bitcoin ( BTC-USD ), which has been up and down in recent days and struggling to keep up its record highs, was down 2.2% to $57,894. Bucking the downward spiral, Ethereum ( ETH-USD ) — the second largest cryptocurrency — took off on the decline, rising over 11% to record highs of $3,958. Chart: Yahoo Finance Cryptocurrencies have been gaining more popularity in recent months after a number of financial institutions and well known investors threw their weight behind crypto and blockchain technologies, sending prices skyrocketing. While this has been great for its prices, it has also put it under the watchful eyes of governments and regulators who want to hone in on the sector amid rising demand. On Thursday, Bank of England (BOE) governor, Andrew Bailey downplayed the rising value of cryptos. Bailey said cryptocurrencies have no "intrinsic value" and people who invest in them should be "prepared to lose all [their] money." The governor\'s comments echoed similar warnings from the UK\'s financial watchdog. "Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money," the Financial Conduct Authority said in January. Read more: The history of Dogecoin, the joke coin that\'s worth more than Barclays and Lloyds Last week, popular exchange Gemini announced support for dogecoin, after eToro added it to its online trading app on Tuesday. Story continues This helped push its market cap to over $70bn earlier in the week to become the fourth-most valued coin, according to Coinmarket. This was bigger than the market cap of COVID vaccine producer Moderna ( MRNA ), as well as Ford Motor Company ( F ) and oil giant BP ( BP.L ). For context, it took tech stalwart Amazon ( AMZN ) over a decade to deliver a 10,000% return to investors. It has taken dogecoin just five months. It has surged more than 14,000% since the start of the year. As well as getting support from the SpaceX founder, dogecoin has also been backed by rapper Snoop Dogg and Kiss bassist Gene Simmons . Musk invested $1.5bn in bitcoin, in February, and said Tesla may even start accepting it as payment for its products. Watch:What are the risks of investing in cryptocurrency?', 'The value of dogecoin (DOGE) plummeted from record highs after Elon Musk’s Saturday Night Live (SNL) appearance, disappointing investors who tried to push the coin to $1 (£0.72).\nAnalysts had expected the Tesla (TSLA) CEO or the "Dogefather" to mention the meme-inspired crypto on SNL and send prices spiking, instead his plug saw the coin crash nearly 25% from $0.69 to $0.48 a few minutes into his stint.\nDogecoin continued to lose its gains from last week on Sunday, currently trading 33% lower to $0.47.\nFlagship crypto, Bitcoin (BTC-USD), which has been up and down in recent days and struggling to keep up its record highs, was down 2.2% to $57,894.\nBucking the downward spiral, Ethereum (ETH-USD) — the second largest cryptocurrency — took off on the decline, rising over 11% to record highs of $3,958.\nCryptocurrencies have been gaining more popularity in recent months after a number of financial institutions and well known investors threw their weight behind crypto and blockchain technologies, sending prices skyrocketing.\nWhile this has been great for its prices, it has also put it under the watchful eyes of governments and regulators who want to hone in on the sector amid rising demand.\nOn Thursday, Bank of England (BOE) governor, Andrew Bailey downplayed the rising value of cryptos.\nBailey said cryptocurrencies have no "intrinsic value" and people who invest in them should be "prepared to lose all [their] money."\nThe governor\'s comments echoed similar warnings from the UK\'s financial watchdog.\n"Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money," the Financial Conduct Authority said in January.\nRead more:The history of Dogecoin, the joke coin that\'s worth more than Barclays and Lloyds\nLast week, popular exchange Gemini announced support for dogecoin, after eToro added it to its online trading app on Tuesday.\nThis helped push its market cap to over $70bn earlier in the week to become the fourth-most valued coin, according to Coinmarket. This was bigger than the market cap of COVID vaccine producer Moderna (MRNA), as well as Ford Motor Company (F) and oil giant BP (BP.L).\nFor context, it took tech stalwart Amazon (AMZN) over a decade to deliver a 10,000% return to investors. It has taken dogecoin just five months.\nIt has surged more than 14,000% since the start of the year.\nAs well as getting support from the SpaceX founder, dogecoin has also been backed byrapper Snoop Dogg and Kiss bassist Gene Simmons.\nMusk invested $1.5bn in bitcoin, in February, and said Tesla may even start accepting it as payment for its products.\nWatch:What are the risks of investing in cryptocurrency?', 'Some key GDP and inflation readings are due to dominate headlines in developed markets this week, as the issue of the day continues to be how reopening from coronavirus lockdowns is going.\nInvestors will watch to see any significant rebounds, with strong numbers expected in the UK following the latest stage of lockdown easing.\nMany readings are set to be "less bad" than hoped, according to analysts.\nCrypto watchers will also be following news from the weekend, which saw a more than 25% price plunge for joke token Dogecoin, after Tesla (TSLA) boss Elon Musk mentioned it in a TV skit. Volatility has been the name of the game in these markets over the past weeks and months.\nCompanies reporting this week\nBT Group FY (BT-A.L)\nRolls Royce Q1 (RR.L)\nDisney Q2 (DIS)\nDoordash Q1 (DASH)\nUK: Another GDP estimates, manufacturing production\nIn the UK investors will get their first chance to digest local and mayoral election results. There were no big surprises in the capital with the reelection of Sadiq Khan, who retained office by a slimmer margin than expected.\nA new UK GDP estimate for March and Q1 numbers are also on the horizon on Wednesday. Having weathered a lockdown-induced slowdown of 2.2% in January (a number that was better than expected), predictions for the quarter have been revised up twice.\nThe Bank of England had predicted a slowdown of 4% in February however since then it has upped its expectations.\nRecent strong PMI data has led to increased confidence of a good reading.\n"In February the monthly GDP numbers saw a 0.4% expansion, raising the prospect of another positive month in March as businesses built up inventory in preparation for the economic reopening in Q2," said Michael Hewson, chief market analyst at CMC Markets.\n"In Q4 the economy expanded by 1.3%, with this week’s preliminary number expected to see a contraction of 1.7%. Monthly GDP for March is expected to see a 1.3% expansion."\nWednesday also brings manufacturing production figures for the UK — a bright spot in otherwise gloomy times.\nThe sector has by-and-large managed to bounce back from the initial lockdown and has grown consistently every month since.\nThe declines a year ago saw a 4.6% decline in March 2020, and a 24.4% decline in April.\nRead more:Bitcoin, ethereum and the blockchain technology behind decentralised finance\nJoe Biden\'s fiscal stimulus package is one positive indicator ahead of US retail sales data. Jobs numbers will also help buoy this measure.\nJanuary saw a $900bn (£644bn) stimulus plan put into action which prompted a big rebound at the beginning of the year. Sales rose by 5.3% to a seven-month high.\nFresh jitters about new waves of the virus saw a fall of 3% in February.\nThe new stimulus payments that were signed off in March of $1.9trn saw another big lift for March consumer spending with the best performance since April last year when the US came out of its first lockdown, rising 9.7%.\nConsensus of April numbers is that sales will rise by around 1.1%.\nRead more:Copper and iron ore prices hit record highs amid hopes for global recovery\nAlongside this, consumer price inflation is expected to jump around 4%, as prices in a reopening economy are bumped up from a year ago when companies were fighting for survival.\n"These “base” effects should ease as we move through the third quarter, but we continue to believe that inflation could be more persistent than we have seen in previous economic cycles," say analysts at ING. "Commodity prices, freight charges, supply chain disruptions, surging house prices and rising employment costs all factor into our thinking."\nA quiet week is expected in Europe, as CPIs and industrial production will be the main factors giving a temperature check on the eurozone economy.\nIt will be a mixed bag with a smattering of reopenings across the continent alongside some more strict lockdowns.\nElsewhere:Japanese household spending data is on the slate, alongside Australia\'s retail sales and New Zealand manufacturing PMIs.\nWatch: What is inflation and why is it important?', 'Investors will watch to see any significant rebounds, with strong numbers expected in the UK following the latest stage of lockdown easing. Photo: Getty (Алексей Белозерский via Getty Images) Some key GDP and inflation readings are due to dominate headlines in develope
**Last 60 Days of Bitcoin's Closing Prices:**
[56008.55, 57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-05-09
**Financial & Commodity Data:**
- Gold Closing Price: $1831.10
- Crude Oil Closing Price: $64.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,097,238,618,300
- Hash Rate: 190551657.77865964
- Transaction Count: 247866.0
- Unique Addresses: 690253.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: PayPal has expanded crypto trading to its Venmo payments app in a fresh indication of the payment giant’s cryptocurrency ambitions.
• Customers of the payments app will be able to buy, sell and trade as little as $1 worth of crypto on Venmo, which has more than 70 million customers.
• As on PayPal itself, trading is limited tobitcoin,ethereum,litecoinandbitcoin cash.
• Rollout commences today and will be available for all customers within the next few weeks, the announcement Tuesdaysaid.
• This is being offered in partnership with Paxos, which was tapped by PayPal as a liquidity provider.
• PayPal opened trading on select cryptocurrencies to U.S. customers in November and began allowing users to pay with crypto in March.
See also:PayPal Pushes Crypto Further Mainstream With Planned Checkout Service for 29M Merchants
• PayPal-Owned Venmo Adds Bitcoin Buying and Selling
• PayPal-Owned Venmo Adds Bitcoin Buying and Selling
• PayPal-Owned Venmo Adds Bitcoin Buying and Selling
• PayPal-Owned Venmo Adds Bitcoin Buying and Selling...
- Reddit Posts (Sample): [['u/variableresults', 'Is Chia really "green"? I\'m not so convinced.', 44, '2021-05-09 00:25', 'https://www.reddit.com/r/chia/comments/n8029n/is_chia_really_green_im_not_so_convinced/', 'I\'m hopefully that Chia will become a viable cryptocurrency like ETH and BTC, and initially I was happy to see that there is a focus on reducing energy consumption. But I personally don\'t think we can call Chia "green" yet, and here are a few reasons why (and things I think the founders & devs need to solve for if they truly want a "green" cryptocurrency)...\n\n&#x200B;\n\n1. **The bullish economics of crypto-mining** \\-- What they have created is a pure competition system; you have a chance of winning XCH while farming, yes, but as anyone has watched since the mainnet went live, the network space is growing so fast that unless you\'re burning through 20 plots per day, there is no way you can keep up with the growth. This means we\'re using:\n 1. *Energy in Phase 1 with 100% CPU cycles*, and most modern multi-threaded procs use as much energy as a video card mining ETH. Yes, it\'s definitely less than ETH mining, but plotting at 6 hours / plot with a 2 hour Phase 1 in parallel means you\'re still using about 8 hours of energy per day at 200W+ depending on your processor. \n 2. *Energy usage in the supply chain* \\-- we all know about the chip shortage right now, and some chip foundries are even having issues sourcing the actual silicon itself. This may right itself after Covid dies down some (assuming it does die down) and supply chains stabilize, but think about the amount of energy that goes into building both SSDs and HDDs. Chia is likely to increase demand, and thus the amount of end-to-end energy required to make Chia run will increase, as will the demand on the natural resources that make up SSDs and HDDs. This wouldn\'t be as big a deal if Chia wasn\'t so hard on SSDs and didn\'t take up so much space on HDDs, but both are true, so we\'ll constantly have to churn out SSDs and HDDs to keep up.\n2. Compared to Proof of Stake (which I acknowledge may not be as secure), the energy usage looking at point #1 is far higher. With POS, you\'re "farming" in a similar way to Chia, but using an already existing coin as your "plot" and getting more coins as a reward (which creates liquidity since they\'re new coins) for holding your coin as a validator rather than exchanging it. \n3. The reward halving is probably far too long a period to cause this plotting frenzy to end, which means the energy usage is going to continue probably for the next three years, assuming SDD and HDD manufacturers can keep up and don\'t run into supply chain issues. Maybe we\'ll see plotting taper off, but I honestly doubt it when the world is so crypto-mad right now. \n\nI think in a developer\'s ideal eye, Chia seemed green, but I also think the developers didn\'t fully realize just how much demand would come from the crypto-whales who don\'t really know a limit to their greed (or they did and created a new coin fully realizing that that is the best way to make money from crypto--make your own coin!). As it stands, though, I think it has a long way to go before it is truly a "green" and sustainable currency. Chia is incredibly wasteful when you look at the resources needed to keep the network going--and we\'re only a week in. \n\n**Imagine just how much space is going to be used by this time next year.** That\'s space that could have been used for lots of other potentially more useful things other than just sitting there hoping you have a hash that matches the current farming challenge. Plotting also takes more overall hardware to be viable. With things like ETH or BTC, you can just get an ASIC or a good graphics card (if you can find them) on a crap machine and make a tidy profit. With XCH, you need a good mobo with PCI-E 4.0 and multiple NVME slots for the fastest plotting (or good server hardware), as well as a high-thread-count CPU for Phase 1. That\'s a lot of extra parts to source, and way more burden on the supply chains that have to provide them. \n\nAnyway, it\'s not my intent to push any buttons or start any flame wars, but I felt like I needed to at least get my thoughts out there since I personally have some issues with Chia being called "green" in its current state. It doesn\'t seem very green at all to me. It\'s seems more like a clever workaround for the current shortage of ETH compatible GPUs and BTC ASICs. \n\nThat said, I\'m going to put my hypocrite hat on and go back to my non-stop plotting :)', 'https://www.reddit.com/r/chia/comments/n8029n/is_chia_really_green_im_not_so_convinced/', 'n8029n', [['u/speedmann', 11, '2021-05-09 00:35', 'https://www.reddit.com/r/chia/comments/n8029n/is_chia_really_green_im_not_so_convinced/gxfon2y/', 'And here we go again. Post 1 million about this.\n\nAnd almost all of your points do not apply. You don\'t need fast CPUs, or ram or SSDs at all. A small amount of people is getting crazy to "get the most out of chia while it\'s small" but it does not really make a difference if you plot 1 or 100 plots per day once the netspace becomes big (I\'d say it is already neglectable with the current space). You won\'t keep up anyway and you can\'t compete with 3EiB even IF you could plot 100tb/day\n\n&#x200B;\n\nEdit: Also, you will eventually stop plotting. Everyone will. And then your energy consumption is much better than any of those PoW coins', 'n8029n'], ['u/og_murderhornet', 28, '2021-05-09 01:21', 'https://www.reddit.com/r/chia/comments/n8029n/is_chia_really_green_im_not_so_convinced/gxftwav/', "While it's arguably not green, it's absolutely green-er. Reducing the 110 to 120 TWH estimate for bitcoin by even 90% is billions of tons of coal not being burned in China.", 'n8029n'], ['u/variableresults', 10, '2021-05-09 02:01', 'https://www.reddit.com/r/chia/comments/n8029n/is_chia_really_green_im_not_so_convinced/gxfydup/', "No argument here, pretty much anything uses less energy than BTC. I'm just not convinced this is a more green bet than Proof of Stake (which has its own issues, of course). I just get a little irked when they market Chia as green when it's not that simple.", 'n8029n']]], ['u/anon8496847385', 'Act now: create and exit strategy', 12, '2021-05-09 00:27', 'https://www.reddit.com/r/CryptoCurrency/comments/n8037t/act_now_create_and_exit_strategy/', "Exit Strategies. Now is the time to think about yours. This doesn't mean HODL is bad if that's your bag. \n\nAll it means is you should really be thinking about what is your plan with your cryptocurrency investments? Are you looking to hold long term and ride out any bumps in the road, or are you taking profits? \n\nWithout an exit plan, you are probably flying blind and that will lead to regret, trading based on emotions and hurt. \n\nAn example of one is mine. I plan to HODL ETH and BTC long term, so will very likely not take profit in these. I have a collection of alt positions from 2017 that I will continue to take profit as they increase. I chose this because I see BTC and ETH continuing to increase over the next 5/10 years whilst taking profit from the alts gives me peace of mind and supports me financially. \n\nSo, why wait, there's no time like the present to figure out your exit strategy.", 'https://www.reddit.com/r/CryptoCurrency/comments/n8037t/act_now_create_and_exit_strategy/', 'n8037t', [['u/CosmoBarber', 16, '2021-05-09 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/n8037t/act_now_create_and_exit_strategy/gxfo58c/', 'I’m going to mash the dump button on the slightest hint of a downturn then complain in a few years about what could have been.', 'n8037t']]], ['u/ytterboe', 'This shitcoin madness is terrible for crypto', 48, '2021-05-09 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/n80qjg/this_shitcoin_madness_is_terrible_for_crypto/', 'Most people who I talk to who don’t know much about crypto (call em normies?) generally refer to Bitcoin as the only coin out there. They don’t know what Etherium is or use cases of any utility coins. Now they know Doge. And they’re talking about safemoon. And they are considering them equivalent to Bitcoin and the rest of the crypto space. And not just people like my dad or the guy across the street. Important normies like congress people and business leaders who will soon be making financial and regulatory decisions if Gensler’s comments are to be believed.\n\nOne needs only to look at r/cryptomoonshots to see all of the frauds and scams out there, let alone those coins that aren’t scams but just provide zero utility.\n\nThe other shoe is going to drop, and likely soon on these coins and moron normies are going to lose their asses on it, or they’re going to see on good morning America that billions and billions were lost on doge. And then we will be back in 2015 again in terms of adoption and public sentiment. For crypto to really mean something and change the world like many of us think it can, it needs to be adopted by the normies. This is a recipe for disaster, because the Wild West part of crypto needs to end. DYOR is fine for crypto nerds who know how to read. But most normies are mouth breathing technically moronic children who need regulations that protect them from themselves. Doge et al will only make the inevitable regulation that much more burdensome and restrictive in addition to turning off the public from using it.\n\nDon’t get me wrong, I think it’s inevitable that crypto is adopted by everyone, but shitcoins going parabolic is terrible for everyone except the very very few who get out in time. Don’t buy them. Don’t FOMO into them, stick to the projects that have real utility and real futures.', 'https://www.reddit.com/r/CryptoCurrency/comments/n80qjg/this_shitcoin_madness_is_terrible_for_crypto/', 'n80qjg', [['u/helldamfart', 10, '2021-05-09 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/n80qjg/this_shitcoin_madness_is_terrible_for_...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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55859.80, 56704.57, 49150.54, 49716.19, 49880.54, 46760.19, 46456.06, 43537.51, 42909.40, 37002.44
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Bloomberg) -- Dogecoin investors had a wild ride this weekend.\nAfter hitting a record on Saturday ahead of Elon Musk’s appearance on “Saturday Night Live,” the digital currency began to fall hours before the show began and continued to drop as he delivered his opening monologue.\nA SpaceX deal Sunday gave the digital currency a short-lived boost. It traded at 55.5 cents as of 8:30 p.m. in New York, down 15% over a 24-hour period, according to CoinGecko, with a trading range of 43.2 cents to 66.7 cents in the past one day.\nIn the agreement, Musk’s commercial rocket company will launch a mission to the Moon in 2022 with a so-called cubesat -- a mini satellite used for space research -- from Geometric Energy Corp. that’s been paid for entirely in Dogecoin.\nThe trading swings began on Saturday as Dogecoin traders around the world were organizing watch parties for the broadcast featuring its most prominent supporter. Following an initial slump, the digital currency bounced back briefly toward the end of the show, after the billionaire called it a “hustle” in the “Weekend Update” segment.\nIn the skit, Musk jumped into the character of a bow-tied, bespectacled financial expert and was repeatedly quizzed about Dogecoin. After delivering textbook answers, he was asked whether the currency was just a hoax, to which he responded, “Yeah, it’s a hustle.”\nHe ended the skit howling, “to the moon!” -- a reference he repeated in his tweet about the SpaceX announcement on Sunday.\nDogecoin, a cryptocurrency that started as an internet meme in 2013, has surged more than 21,000% in the past year, according to CoinGecko.\nMusk, 49, has been among its biggest boosters, along with Mark Cuban, Snoop Dogg and Gene Simmons. Still, crypto volatility has prompted urgent warnings from central bankers -- as recently as Thursday -- that people buying in should be prepared to lose all of their money.\nMusk’s Tesla Inc. announced in February that it had bought $1.5 billion of Bitcoin, and the head of the electric-car giant himself has spoken of the digital asset in favorable terms. He has a $183.9 billion fortune, according to the Bloomberg Billionaires Index.\n(Updates percentage gain.)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2021 Bloomberg L.P.', '(Bloomberg) -- Dogecoin investors had a wild ride this weekend. After hitting a record on Saturday ahead of Elon Musk’s appearance on “Saturday Night Live,” the digital currency began to fall hours before the show began and continued to drop as he delivered his opening monologue. A SpaceX deal Sunday gave the digital currency a short-lived boost. It traded at 55.5 cents as of 8:30 p.m. in New York, down 15% over a 24-hour period, according to CoinGecko, with a trading range of 43.2 cents to 66.7 cents in the past one day. In the agreement, Musk’s commercial rocket company will launch a mission to the Moon in 2022 with a so-called cubesat -- a mini satellite used for space research -- from Geometric Energy Corp. that’s been paid for entirely in Dogecoin. The trading swings began on Saturday as Dogecoin traders around the world were organizing watch parties for the broadcast featuring its most prominent supporter. Following an initial slump, the digital currency bounced back briefly toward the end of the show, after the billionaire called it a “hustle” in the “Weekend Update” segment. In the skit, Musk jumped into the character of a bow-tied, bespectacled financial expert and was repeatedly quizzed about Dogecoin. After delivering textbook answers, he was asked whether the currency was just a hoax, to which he responded, “Yeah, it’s a hustle.” He ended the skit howling, “to the moon!” -- a reference he repeated in his tweet about the SpaceX announcement on Sunday. Dogecoin, a cryptocurrency that started as an internet meme in 2013, has surged more than 21,000% in the past year, according to CoinGecko. Musk, 49, has been among its biggest boosters, along with Mark Cuban, Snoop Dogg and Gene Simmons. Still, crypto volatility has prompted urgent warnings from central bankers -- as recently as Thursday -- that people buying in should be prepared to lose all of their money. Musk’s Tesla Inc. announced in February that it had bought $1.5 billion of Bitcoin, and the head of the electric-car giant himself has spoken of the digital asset in favorable terms. He has a $183.9 billion fortune, according to the Bloomberg Billionaires Index. (Updates percentage gain.) For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2021 Bloomberg L.P. View comments', 'Dogecoinslid by 10.34% on Sunday. Following on from a 7.76% decline on Saturday, Dogecoin ended the week up by 52.65% to $0.5713.\nA bullish start to the day saw Dogecoin rise to an early morning intraday high $0.7027 before hitting reverse.\nFalling short of the first major resistance level at $0.7206, Dogecoin tumbled to a mid-day intraday low $0.4210.\nDogecoin fell through the first major support level at $0.5759 and the second major support level at $0.5146.\nMore significantly, Dogecoin also fell through the 23.6% FIB of $0.5691 and the 38.2% FIB of $0.4618.\nFinding afternoon support, however, Dogecoin broke back through the support levels and the 38.2% FIB and the 23.6% FIB to revisit $0.59 levels.\nA bearish end to the day saw Dogecoin fall back through the first major support level to end the day at sub-$0.5720 levels.\nAt the time of writing, Dogecoin was down by 2.85% to $0.5550. A mixed start to the day saw Dogecoin rise to an early morning high $0.5728 before falling to a low $0.5483.\nWhile leaving the major support and resistance levels untested early on, Dogecoin fell back through the 23.6% FIB of $0.5691.\nDogecoin would need to move back through the 23.6% FIB and the $0.5650 pivot to bring the first major resistance level at $0.7090 into play.\nSupport from the broader market would be needed, however, for Dogecoin to break out from $0.65 levels.\nBarring an extended crypto rally, the first major resistance level and Sunday’s high $0.7027 would likely cap any upside.\nIn the event of another breakout, Dogecoin could test resistance at $0.80. The second major resistance level sits at $0.8467.\nFailure to move back through the 23.6% FIB and the $0.5650 pivot would bring the 38.2% FIB of $0.4618 and the first major support level at $0.4273 into play.\nBarring another extended sell-off, however, Dogecoin should steer clear of sub-$0.40 levels. The second major support level sits at $0.2833.\nFirst Major Support Level: $0.4273\nPivot Level: $0.5650\nFirst Major Resistance Level: $0.7090\n23.6% FIB Retracement Level: $0.5691\n38.2% FIB Retracement Level: $0.4618\n62% FIB Retracement Level: $0.2882\nPlease let us know what you think in the comments below.\nThanks, Bob\nThisarticlewas originally posted on FX Empire\n• USD/JPY Fundamental Weekly Forecast – Traders Eyeing US Consumer Inflation, Treasury Yields\n• European Equities: Futures Point Northwards with No Major Stats to Provide Direction\n• USD/JPY Forex Technical Analysis – In Position to Challenge Main Support Zone at 108.230 to 107.154\n• U.S. Dollar Index (DX) Futures Technical Analysis – Closing Price Reversal Bottom Forms on Close Over 90.215\n• AUD/USD Forex Technical Analysis – Needs to Hold .7825 Fibonacci Level to Sustain Upside Momentum\n• Bitcoin and Ethereum – Weekly Technical Analysis – May 10th, 2021', 'Dogecoin Dogecoin slid by 10.34% on Sunday. Following on from a 7.76% decline on Saturday, Dogecoin ended the week up by 52.65% to $0.5713. A bullish start to the day saw Dogecoin rise to an early morning intraday high $0.7027 before hitting reverse. Falling short of the first major resistance level at $0.7206, Dogecoin tumbled to a mid-day intraday low $0.4210. Dogecoin fell through the first major support level at $0.5759 and the second major support level at $0.5146. More significantly, Dogecoin also fell through the 23.6% FIB of $0.5691 and the 38.2% FIB of $0.4618. Finding afternoon support, however, Dogecoin broke back through the support levels and the 38.2% FIB and the 23.6% FIB to revisit $0.59 levels. A bearish end to the day saw Dogecoin fall back through the first major support level to end the day at sub-$0.5720 levels. At the time of writing, Dogecoin was down by 2.85% to $0.5550. A mixed start to the day saw Dogecoin rise to an early morning high $0.5728 before falling to a low $0.5483. While leaving the major support and resistance levels untested early on, Dogecoin fell back through the 23.6% FIB of $0.5691. For the day ahead Dogecoin would need to move back through the 23.6% FIB and the $0.5650 pivot to bring the first major resistance level at $0.7090 into play. Support from the broader market would be needed, however, for Dogecoin to break out from $0.65 levels. Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.7027 would likely cap any upside. In the event of another breakout, Dogecoin could test resistance at $0.80. The second major resistance level sits at $0.8467. Failure to move back through the 23.6% FIB and the $0.5650 pivot would bring the 38.2% FIB of $0.4618 and the first major support level at $0.4273 into play. Barring another extended sell-off, however, Dogecoin should steer clear of sub-$0.40 levels. The second major support level sits at $0.2833. Looking at the Technical Indicators First Major Support Level: $0.4273 Pivot Level: $0.5650 First Major Resistance Level: $0.7090 23.6% FIB Retracement Level: $0.5691 38.2% FIB Retracement Level: $0.4618 62% FIB Retracement Level: $0.2882 Please let us know what you think in the comments below . Thanks, Bob This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Fundamental Weekly Forecast – Traders Eyeing US Consumer Inflation, Treasury Yields European Equities: F
**Last 60 Days of Bitcoin's Closing Prices:**
[57805.12, 57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-05-10
**Financial & Commodity Data:**
- Gold Closing Price: $1837.50
- Crude Oil Closing Price: $64.92
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,102,163,483,438
- Hash Rate: 184404830.1083803
- Transaction Count: 303297.0
- Unique Addresses: 824736.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Ripple’s XRP token has enjoyed a magnificent rally to $1.44 after rising by 59.28% from Friday’s low of $0.87. The world’s fourth largest cryptocurrency by market cap is 11.29% up over the past 24-hours following developments in XRP’s legal case with the SEC. The US regulator is currently investigating Ripple over sales of the XRP token that is alleged to have been an unregistered sale of securities. However, XRP’s recent price action suggests that investors believe a positive outcome will be made, in spite of skepticism from the wider cryptocurrency industry. From a technical perspective, if XRP can take out the psychological level of resistance at $1.50, it will likely go on to test the yearly high of $1.97 before attempting to break its 2018 all-time high of $3.31. XRPUSD chart by TradingView However, a rejection from here will see XRP fall back into wide range between $1.16 and $1.45, with downside price targets beginning to emerge back down at $0.87. Much of it will also depend on the trajectory of Bitcoin, which has recently risen from $47,000 to $55,000 after investors capitalised on an oversold territory beneath $50,000. If Bitcoin can continue its rally from here, upside price action will also be reflected across altcoins like XRP, ETH and LTC. For more news, guides and cryptocurrency analysis, click here . Latest Ripple price Current live XRP price information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents: US Dollar – XRPtoUSD British Pound Sterling – XRPtoGBP Japanese Yen – XRPtoJPY Euro – XRPtoEUR Australian Dollar – XRPtoAUD Russian Rouble – XRPtoRUB Bitcoin – XRPtoBTC About Ripple (XRP) Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money. Story continues Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation. More Ripple news and information If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started: https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/ As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not....
- Reddit Posts (Sample): [['u/kyole5', 'It was as clear as the night sky… Saturna expectedly pushed past its ATH to $45M and is on the breaking upwards again. Is this the next Bonfire??', 3198, '2021-05-10 00:02', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/', '&#x200B;\n\nHere we are again. Another token on the verge of a massive breakout, shining at the most opportune time. On Sundays, typically bloody, we’d usually see a drain of the memecoin market but here is Saturna, ready to eat up all the DOGE losses from people selling the SNL.\n\nBonfire also continues to march **past its ATH looking to break a $330M market cap**, but **Saturna** has the title of the **fastest growing token on BSC**, bursting out to **$45M in a record THREE days.** \n\nSaturna’s potential is quicking spinning out of control but the developers have a tight grip on the rocketship, delivering on milestone after milestone in spite of the short time frame. With that we’ve already seen a **Solidity audit delivered with zero security issues**, huge influencer campaigns, an **NFT marketplace** in development, **big giveaways** and, get this, **a CEX listing!?**\n\nThis is truly the golden era for us memecoiners and moonshot lurkers and it’s time to grab a hold of the next token to go up and to the right forever. **Already eclipsing 13,000 holders,** Saturna’s price floor is being rebuilt over and over again, **volume spiking to $8M daily.**. It’s insane.\n\nThere are whispers now of even bigger marketing partnerships as everyone takes notice of what will be the next giant on BSC. It won’t be long before the **influencers are lining up** to blast Saturna **just to secure a W for their followers.**\n\nWith the next moon landing set at 25,000 holders on their roadmap designed to reward holder milestones, it won’t be long before the next set of developments are unveiled which should launch this token to brand new heights.\n\nI’m getting sick just thinking about how much further this can go and how crazy this ride is going to get. So make sure you DYOR, and if you start to feel nauseous from the ups and downs, remember that **diamond hands** in this market are what **create not just wealth, but generational wealth.** The type that allows you to hand family members full BTC’s for their birthday.\n\nAfter all, anyone who sold **SafeMoon, DOGE, Bonfire**, well, they feel sicker than you’ve ever been with those tokens continuing to launch to new heights. If I haven’t made it clear by now, then you should really just understand this. You **DO NOT** want to miss out on **Saturna**. Links below:\n\n**🌐 Website:** [saturna.co/](https://saturna.co/) \n\n**🔥 Telegram:** [t.me/saturna\\_TG](https://t.me/saturna_TG) \n\n**🥞 PancakeSwap:** [exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44)', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/', 'n8orj2', [['u/_doobious', 44, '2021-05-10 00:15', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjli54/', 'Some tokens just get all the attention and all the community. This is the next token getting all the love. Huge community that really loves this token and shill it like crazy. Extremely fast growth but still early. If you missed the other ones then this is your next shot!', 'n8orj2'], ['u/not_relevant01', 69, '2021-05-10 00:19', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjlykr/', 'very strong community every dip has been gobbled', 'n8orj2'], ['u/cadeau67', 47, '2021-05-10 00:21', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjm74x/', "Way better support than bonfire and more holders if you compare the 3 first days of those two tokens.\n\nI believe it will moon before tomorrow morning, pretty happy I got in really early and bought some more few minutes ago, it's a still a really good price.", 'n8orj2'], ['u/jmarz203', 69, '2021-05-10 00:24', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjmkhz/', "SATURNA is breaking all sorts of records - the biggest marketcap in the smallest amount of time with $15mill mcap 6hrs after launch on day 1. Then on day 2 we're pushing $30mill mcap, now $45mill. How is this possible? What is going on?\n\nThe answer is simple: The community is extremely strong. BSC tokens thrive on energy, hype, marketing and SATURNA has captured that energy perfectly. There's no stopping it now. Momentum is a powerful beast. A record breaking day will turn into a record breaking week and then a record breaking month. All eyes are on SATURNA right now and yours should be too.", 'n8orj2'], ['u/lozporridge', 40, '2021-05-10 00:24', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjmlix/', 'So excited about this coin. Great community, solid progression, huge potential!', 'n8orj2'], ['u/Squishishere', 33, '2021-05-10 00:26', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjmsbj/', 'such a great coin with a good community behind it, I already 3x with this coin!', 'n8orj2'], ['u/shredtastic', 27, '2021-05-10 00:26', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjmt3r/', "Easy 5x from here. It's only been a couple days, there's a ton of room to run", 'n8orj2'], ['u/AyyWhatUpBro', 70, '2021-05-10 00:34', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjnpy0/', 'This coin isn’t just a joke anymore this has serious potential', 'n8orj2'], ['u/Markoak1', 32, '2021-05-10 00:44', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjovjt/', 'Bags filled. Thanks', 'n8orj2'], ['u/Literally_Jay', 37, '2021-05-10 00:47', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjp66f/', '2.5x already for me, so much room to grow', 'n8orj2'], ['u/Xelerator', 18, '2021-05-10 00:54', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjpzaa/', 'in', 'n8orj2'], ['u/smcconnell91', 12, '2021-05-10 00:56', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjq638/', 'Totally agree', 'n8orj2'], ['u/meteorarocks', 24, '2021-05-10 01:09', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjrj97/', 'When I saw how each big dip has been gobbled up I know that this is going to be the next bonfire..', 'n8orj2'], ['u/Gurthbrooks92', 19, '2021-05-10 01:15', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjs8ke/', 'LETS GOOOO SATURNAUTS', 'n8orj2'], ['u/Angelus_everto', 16, '2021-05-10 01:17', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjsdzg/', "Bag filled and picked up more on the dips. Let's hold this until 1B mcap. Not even capping.", 'n8orj2'], ['u/Griehara', 24, '2021-05-10 01:17', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjsg9h/', 'I fucking love SAT 🤑', 'n8orj2'], ['u/npanday1', 22, '2021-05-10 01:18', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjsj5m/', 'Multiple massive whale sells got eaten up very fast. Easy money printer.', 'n8orj2'], ['u/BetterDrinkMy0wnPiss', 17, '2021-05-10 01:18', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjsjf8/', "I'd be in if I could buy it.", 'n8orj2'], ['u/PotatoWedgeAntilles', 13, '2021-05-10 01:19', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjslt4/', 'Put 1 cake in yesterday and it was worth 3 this morning. Put a bunch more cake in 😂', 'n8orj2'], ['u/MaliciousMac', 20, '2021-05-10 01:22', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjsypm/', "Last I checked we were over 13k holders? The growth on this one has been insane. There's always another moon :)", 'n8orj2'], ['u/zillabunny', 19, '2021-05-10 01:22', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjsywg/', '2x already woo', 'n8orj2'], ['u/Hello_McSwiggans', 17, '2021-05-10 01:27', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjtijr/', 'This is taking off, literally like a rocket, to all 82 moons of Saturna.', 'n8orj2'], ['u/Main-Line-Mama', 14, '2021-05-10 01:33', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxju6z2/', 'It won’t let me buy? Keeps saying insufficient liquidity.', 'n8orj2'], ['u/Flex47', 18, '2021-05-10 01:36', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjui06/', 'Definitely gives me bonfire vibes. Got in', 'n8orj2'], ['u/thegoblinbanx', 10, '2021-05-10 01:37', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjun4u/', 'Increase slippage to 11-12%', 'n8orj2'], ['u/emogalxp', 14, '2021-05-10 01:42', 'https://www.reddit.com/r/CryptoMoonShots/comments/n8orj2/it_was_as_clear_as_the_night_sky_saturna/gxjv63r/', 'I bought it on trustwallet and my balance is showing the correct amount of saturna I bought with the decimal in the wrong place. Has anyone else had this problem? When I go in pancake swap, the decimal is correct but not on trust wallet for some reason', 'n8orj2'], ['u/Arnowitz',...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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56704.57, 49150.54, 49716.19, 49880.54, 46760.19, 46456.06, 43537.51, 42909.40, 37002.44, 40782.74
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Cryptocurrencies are soaring this year. Already, Bitcoin is up 98% to just over $57,000 as of the end of the day on Monday. That compares to a 30% gain by the S&P 500 Index during the same span. But Bitcoin\'s big gain isn\'t even close to the top return that can be found in the crypto world. In fact, the second-largest crypto is growing much faster. So far in 2021, Ethereum is up a staggering 434% to just over $4,000, according to Coindesk data. That four-times-higher growth also means that the No. 2 crypto (Ethereum) is making ground on No. 1 crypto (Bitcoin). As of the end of the day Monday, the market capitalization of Bitcoin\x97the combined value of all its digital coins\x97 stands at $1.1 trillion . That\x92s compared to Ethereum\'s nearly $500 billion market capitalization . Why is Ethereum gaining ground on Bitcoin? Some investors, such as Mark Cuban , are calling attention to Ethereum for its ability to process more transactions per second than Bitcoin. In the digital world, speed wins. Then again, the gains of both Bitcoin and Ethereum pale in comparison to that of Dogecoin, which is up over 10,000% this year . That has made Dogecoin the third-largest crypto, with a market cap of $64 billion . But can this 2021 run on crypto be sustained? Daniel Ives, managing director of equity research at Wedbush Securities, tells Fortune that there is "clearly some froth" in some crypto prices; however, he foresees the run continuing. "We believe the crypto boom is still in the early innings of playing out for the next decade," Ives told Fortune . "While regulatory goal posts need to put in place, we believe the use cases for crypto and transactions throughout the crypto universe are just starting to play out. From a pure demand perspective, we see crypto prices going higher, led by Bitcoin." This story was originally featured on Fortune.com', 'Cryptocurrenciesare soaring this year. Already, Bitcoin is up 98% to just over $57,000 as of the end of the day on Monday. That compares to a 30% gain by the S&P 500 Index during the same span.\nBut Bitcoin\'s big gain isn\'t even close to the top return that can be found in the crypto world. In fact, the second-largest crypto is growing much faster. So far in 2021, Ethereum is up a staggering 434% to just over $4,000, according to Coindesk data.\nThat four-times-higher growth also means that the No. 2 crypto (Ethereum) is making ground on No. 1 crypto (Bitcoin). As of the end of the day Monday, the market capitalization of Bitcoin—the combined value of all its digital coins—stands at $1.1 trillion. That’s compared to Ethereum\'snearly $500 billion market capitalization.\nWhy is Ethereum gaining ground on Bitcoin?Some investors, such as Mark Cuban, are calling attention to Ethereum for its ability to process more transactions per second than Bitcoin. In the digital world, speed wins.\nThen again, the gains of both Bitcoin and Ethereum pale in comparison to that of Dogecoin,which is up over 10,000% this year. That has made Dogecoin the third-largest crypto,with a market cap of $64 billion.\nBut can this 2021 run on crypto be sustained? Daniel Ives, managing director of equity research at Wedbush Securities, tellsFortunethat there is "clearly some froth" in some crypto prices; however, he foresees the run continuing.\n"We believe the crypto boom is still in the early innings of playing out for the next decade," Ives toldFortune. "While regulatory goal posts need to put in place, we believe the use cases for crypto and transactions throughout the crypto universe are just starting to play out. From a pure demand perspective, we see crypto prices going higher, led by Bitcoin."\nThis story was originally featured onFortune.com', 'Cryptocurrenciesare soaring this year. Already, Bitcoin is up 98% to just over $57,000 as of the end of the day on Monday. That compares to a 30% gain by the S&P 500 Index during the same span.\nBut Bitcoin\'s big gain isn\'t even close to the top return that can be found in the crypto world. In fact, the second-largest crypto is growing much faster. So far in 2021, Ethereum is up a staggering 434% to just over $4,000, according to Coindesk data.\nThat four-times-higher growth also means that the No. 2 crypto (Ethereum) is making ground on No. 1 crypto (Bitcoin). As of the end of the day Monday, the market capitalization of Bitcoin—the combined value of all its digital coins—stands at $1.1 trillion. That’s compared to Ethereum\'snearly $500 billion market capitalization.\nWhy is Ethereum gaining ground on Bitcoin?Some investors, such as Mark Cuban, are calling attention to Ethereum for its ability to process more transactions per second than Bitcoin. In the digital world, speed wins.\nThen again, the gains of both Bitcoin and Ethereum pale in comparison to that of Dogecoin,which is up over 10,000% this year. That has made Dogecoin the third-largest crypto,with a market cap of $64 billion.\nBut can this 2021 run on crypto be sustained? Daniel Ives, managing director of equity research at Wedbush Securities, tellsFortunethat there is "clearly some froth" in some crypto prices; however, he foresees the run continuing.\n"We believe the crypto boom is still in the early innings of playing out for the next decade," Ives toldFortune. "While regulatory goal posts need to put in place, we believe the use cases for crypto and transactions throughout the crypto universe are just starting to play out. From a pure demand perspective, we see crypto prices going higher, led by Bitcoin."\nThis story was originally featured onFortune.com', 'Top Tech Stocks To Watch In The Stock Market This Week As investors look forward to another week of high-profile earnings, tech stocks could be in focus. Seasoned and new investors alike would be looking for reasonably priced names in the stock market today . After all, despite posting blowout quarters, some of the top tech stocks have taken a breather. When you couple this with the world’s ever-growing reliance on tech, some might argue that we could be looking at exciting investment opportunities this week. Tech giants such as Nuance Communications ( NASDAQ: NUAN ) and Palantir Technologies ( NYSE: PLTR ) will be reporting earnings later this week. Sure, both companies focus on different end markets, but businesses and consumers rely heavily on their tech, nonetheless. Given their current positions in their respective industries, both companies’ shares could be on investors’ radars this week. As it stands, NUAN stock and PLTR stock are up by over 100% in the past year. Aside from the current earnings season, tech companies related to cryptocurrencies also appear to be on the rise. Be it Ethereum surpassing the $4,000 mark for the first time or Dogecoin’s massive swings over the weekend, investors appear to be more receptive towards these digital assets than where we were one year ago. By and large, there appears to be no shortage of exciting news in the world of tech today. Having said all that, here are four tech stocks to watch on the stock market now. Best Tech Stocks To Watch Right Now Coinbase Global Inc. ( NASDAQ: COIN ) Salesforce.com Inc. ( NYSE: CRM ) Riot Blockchain Inc. ( NASDAQ: RIOT ) Penn National Gaming Inc. ( NASDAQ: PENN ) Coinbase Global Inc. Coinbase is a tech company that operates a cryptocurrency exchange platform. The company boasts approximately 56 million verified users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries. In essence, the company is building a crypto economy that is efficient and a more transparent financial system enabled by crypto. Fresh off its IPO last month, could strong cryptocurrency growth translate to big gains for Coinbase? Story continues coinbase IPO (COIN stock) Coinbase is reporting its earnings on May 14 after the closing bell. Last month, the company announced its estimated first-quarter financials and also provided its outlook for the full year of 2021. Firstly, Coinbase expects a trading volume of $335 billion for the quarter. Total revenue for the quarter is approximately $1.8 billion. Secondly, it expects a top-line income of $800 million. Being a major cryptocurrency exchange, the fortunes of Coinbase will likely move closely with the prices of major cryptocurrencies. Besides, if more investors decide to trade cryptocurrencies, Coinbase would also see more business. Given all of this, will you be watching COIN stock ahead of its earnings this week? [Read More] Best Stocks To Invest In Right Now? 4 Cybersecurity Stocks To Consider Salesforce.com Inc. Salesforce is a cloud-based software company headquartered in San Francisco, California. Basically, the company provides customer relationship management (CRM) service and also provides a complementary suite of enterprise applications focused on customer service, analytics, and application development. Recently, the company announced that it has been ranked as the #1 CRM provider by International Data Corporation (IDC) in its latest Worldwide Semiannual Software Tracker for the eighth consecutive year. The company is slated to report its earnings on May 27, with $0.42 of net income expected on $5.89 billion of revenue. best cloud stocks to buy (CRM stock) It is no surprise as Salesforce continues to grow its overall market share position. In the last year, it had increased its revenue more than any other CRM vendor. IDC data also shows that Salesforce is the market share leader for sales applications, customer service applications, model-driven application platforms, and marketing applications. Last month, the company also introduced Digital 360 for Industries. The platform helps companies deliver better experiences faster with industry apps and developer tools. It can be deployed for consumer, health care, and financial services segments among others. With that in mind, will you add CRM stock to your portfolio? Read More 4 Health Care Stocks To Watch This Week Top Retail Stocks To Buy This Week? 4 To
**Last 60 Days of Bitcoin's Closing Prices:**
[57332.09, 61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-11
**Financial & Commodity Data:**
- Gold Closing Price: $1835.90
- Crude Oil Closing Price: $65.28
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,039,383,536,503
- Hash Rate: 176209059.88134116
- Transaction Count: 312115.0
- Unique Addresses: 854634.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: * Intel gains on $20 bln chip expansion announcement * GameStop slumps on plans to sell shares * Energy stocks jump 3% as oil prices rebound (Adds midafternoon prices, analyst comment) By Herbert Lash NEW YORK, March 24 (Reuters) - The S&P 500 and the Dow edged higher on Wednesday on rising financial and industrial stocks as Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen expressed optimism about the recovery outlook from the coronavirus pandemic. The remarks by the top two U.S. economic officials mirrored what they told Congress the day before, with Powell saying on Wednesday the most likely case is 2021 will be "a very, very strong year." Wall Street's main indexes have flipped up and down this week as falling bond yields prompted beaten-down technology stocks to rise while energy and financial shares that have rallied this year on growing economic prospects sold off. The ongoing rotation could be seen in an 0.8% gain in underpriced value stocks and a 0.5% drop in growth stocks. The 10-year yield fell to 1.617%, from 1.638% on Tuesday. Investors have focused on the yield on the benchmark 10-year Treasury note, pondering whether there is room for long-term interest rates to run, said David Kelly, chief global strategist at JPMorgan Asset Management. "We're in a little bit of a lull here. We know that the economy is primed to begin to really accelerate in the second quarter," Kelly said. "But we haven't seen that acceleration yet so that's what we're waiting for." Adding to upward momentum was data showing U.S. factory activity picked up in early March amid strong growth in new orders. But supply chain disruptions continued to exert cost pressures on manufacturers, keeping inflation fears in focus. "Everybody's bullish about the prospects of a recovery right now," said David Yepez, lead equity analyst and portfolio manager at Exencial Wealth Advisors. "In order for the market to bottom we need to have more fear, and I don't feel like the market has fear right now." Story continues Financials and industrials rose more than 1% each, while energy jumped more than 3% as crude prices rebounded from a 6% fall in the last session. By 2:33 p.m. EDT, the Dow Jones Industrial Average was up 179.06 points, or 0.55%, at 32,602.21, the S&P 500 gained 5.8 points, or 0.15%, to 3,916.32 and the Nasdaq Composite dropped 138.28 points, or 1.05%, to 13,089.42. Apple Inc, Tesla Inc and Facebook Inc led decliners on the S&P 500. Intel Corp retreated 1.2% after earlier gains as the company, in its efforts to expand chipmaking capacity, announced plans to spend as much as $20 billion to build two factories in Arizona and open its factories to outside customers. U.S.-listed shares of Taiwan Semiconductor dropped 3.9%, while semiconductor equipment makers Lam Research Corp , Applied Materials Inc and ASML Holding rose between 4% and 6.5%. Applied Materials was the biggest boost on the S&P 500. Bitcoin gained 2.5% after Tesla's founder, Elon Musk, said the company's electric vehicles can now be bought using bitcoin and the option will be available outside the United States later this year. GameStop Corp tumbled 22% after the videogame retailer said it might cash in on a meteoric rise in its share price to fund its e-commerce expansion. Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.85-to-1 ratio favored decliners. The S&P 500 posted 15 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 111 new lows. (Reporting by Herbert Lash in New York Additional reporting by Devik Jain and Medha Singh in Bengaluru Editing by Maju Samuel and Matthew Lewis)...
- Reddit Posts (Sample): [['u/pterodactylwizard', 'Do I need to do anything in particular to earn interest on my coins?', 16, '2021-05-11 00:23', 'https://www.reddit.com/r/CelsiusNetwork/comments/n9hujh/do_i_need_to_do_anything_in_particular_to_earn/', 'I have ETH and BTC in the app and just want to make sure I don’t need to do anything specific to start earning the APY.', 'https://www.reddit.com/r/CelsiusNetwork/comments/n9hujh/do_i_need_to_do_anything_in_particular_to_earn/', 'n9hujh', [['u/austinnugget', 11, '2021-05-11 00:27', 'https://www.reddit.com/r/CelsiusNetwork/comments/n9hujh/do_i_need_to_do_anything_in_particular_to_earn/gxnvhjz/', 'Nope just hold. Pay out every Monday', 'n9hujh']]], ['u/TestikillsLIVE', 'Banned from r/Bitcoin for weighing BTC up with BCH. What a bunch of jokers.', 149, '2021-05-11 00:26', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/', 'The other day I reached out to you guys saying I was thinking about swapping out my BTC investment and going all-in on BCH. I asked for some honest info on BCH and why you guys prefer it over BTC and a few of you guys really helped me out with some valuable info. This got me really excited to go ahead and really considering going all-in on BCH\n\nBut, to be fair I decided to make a post on [r/Bitcoin](https://www.reddit.com/r/Bitcoin/) about why I was thinking about swapping to BCH but to see some reasons why the community felt BTC is the better investment. Purely asking this to see if I was missing anything and if people really only invest in BTC because of price speculation instead of technical fundamentals\n\n I labelled in big bolded word "**This is not a post to cause arguments and I ONLY want factual information for why you feel BCT is a better long term investment than BCH"** on the top and bottom and the post. \n\nThis post was removed for not being solely about BTC mentioning and mentioning an altcoin more than bitcoin... So essentially removed for not getting on my knees and glorifying Bitcoin like the rest of them do. Keep in mind this was all written in a formal for me to obtain information on what both communities prefer about each.\n\n I disputed this with the mods who couldn\'t give a fair reason to why the post was removed - who then when backed into a corner they decided to ban man.\n\nWhat a fucking joke of a subreddit. I\'m a part of many crypto subs and so many posts will speak negatives about the product or what people are feeling and **NEVER** is this censored. But then you go onto r/Bitcoin sub... the ones who should be making an example of being free from censorship and you ask some honest questions about why they prefer Bitcoin over BCH and why I should keep my investment in that product... and you get banned? \n\nThis just proves that now BCH is in the top 10 and BTC dominance is falling like a rock they are grasping at whatever they can to not allow anyone to see what other products could be better. Fuck bitcoin, I\'m going all-in on cash and going to start tipping BCH on other Reddit subs to get people on board by showing them just how amazing it is that you can send money to people all over the world and not have any of their details free from any centralised banks - incredible. LONG LIVE THE TRUE BITCOIN!', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/', 'n9hxnu', [['u/wildlight', 48, '2021-05-11 00:35', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/gxnwgh3/', 'instead of censorship we like to tip eachother and have a good time here. u/chaintip', 'n9hxnu'], ['u/chaintip', 13, '2021-05-11 00:36', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/gxnwjyw/', "***\nu/TestikillsLIVE, you've [been sent](https://explorer.bitcoin.com/bch/address/bitcoincash:qrelay208hmcyx0ujg8vt7mwn5uzn0z2vvel34jp3c) `0.00037494 BCH` | `~0.51 USD` by u/wildlight\nvia [chaintip](http://www.chaintip.org).\n***", 'n9hxnu'], ['u/Maxwell10206', 25, '2021-05-11 00:56', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/gxnz16e/', 'I am sorry to hear you were treated poorly by the BTC community. Fortunately through your journey you found a cryptocurrency that actually works! Welcome to the future of digital money! /u/chaintip', 'n9hxnu'], ['u/anothertimewaster', 40, '2021-05-11 01:18', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/gxo1lb7/', "That's how a lot of us ended up here!", 'n9hxnu'], ['u/wtfCraigwtf', 17, '2021-05-11 01:37', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/gxo3xd7/', 'I was banned in 2017 and again in 2019', 'n9hxnu'], ['u/Mark_Dailey', 12, '2021-05-11 02:59', 'https://www.reddit.com/r/btc/comments/n9hxnu/banned_from_rbitcoin_for_weighing_btc_up_with_bch/gxodmnx/', 'Difference here is that I can read your post.', 'n9hxnu']]], ['u/BaXTeR403', '30 Days of Faucets - Day 8 (Faucet List Updated)', 59, '2021-05-11 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/n9i0sa/30_days_of_faucets_day_8_faucet_list_updated/', "[Original thread Day 1](https://www.reddit.com/r/CryptoCurrency/comments/n4cf9h/30_days_of_faucets_day_1/) , [Day 2](https://www.reddit.com/r/CryptoCurrency/comments/n530u3/30_days_of_faucets_day_2/) , [Day 3](https://www.reddit.com/r/CryptoCurrency/comments/n5ub3g/30_days_of_faucets_day_3/) , [Day 4](https://www.reddit.com/r/CryptoCurrency/comments/n6kfne/30_days_of_faucets_day_4/) , [Day 5](https://www.reddit.com/r/CryptoCurrency/comments/n7c17a/30_days_of_faucets_day_5/) , [Day 6](https://www.reddit.com/r/CryptoCurrency/comments/n84twi/30_days_of_faucets_day_6/) , [Day 7](https://www.reddit.com/r/CryptoCurrency/comments/n8n6hf/30_days_of_faucets_day_7/)\n\nTried posting it a minute ago but it was instaremoved? May have been too many links so I removed them. Trying again without all the links?\n\n**Faucet List**\n\nDecided to update the faucet list and put them into tiers.\n\n[DISCLAIMER](https://preview.redd.it/pnwmaqkgddy61.png?width=917&format=png&auto=webp&s=2f58f24609087fcea918130e4936ea44a2435238)\n\n**LOOKING FOR A TERRIBLE METHOD TO EARN MONEY? CLAIM FAUCETS! WANNA SPEND TIME EACH DAY PERFORMING TASKS MAKING \\~$0.25/HR IF YOU WORK EXTRA EXTRA HARD? LIKE AS MANY CLAIMS AS YOUR CAN WHILE AWAKE HARD? CLAIM FAUCETS!**\n\n**Earnings**\n\nMade another withdrawal this morning and received it short after.\n\nhttps://preview.redd.it/xzu7uz1wcdy61.png?width=1880&format=png&auto=webp&s=a9d6818fbd06d176c40671e3e08874f7122d3a8f\n\nUsed the money to purchase 1100\\~ more OMI. Nice discount today allowing me to average down.\n\nhttps://preview.redd.it/g5316qzwcdy61.png?width=1887&format=png&auto=webp&s=617e86c021d377865314f956a35df723fa07e25e\n\nBAT payouts came today so I'm including that in the total as next payment won't come until after the 30 days is up. When my rewards balance updates I will include the BAT earned each day going forward as well.\n\nhttps://preview.redd.it/auvvlkljddy61.png?width=1467&format=png&auto=webp&s=7df848cc5f9adb57c17eb108f2a91f1a736d1008\n\n**Day 8 Earnings**\n\n&#x200B;\n\n|**Coin**|\\# of Claims|Day 1 Starting Bal|Prev Day Bal|Current Bal|Daily Earnings|Daily USD Value|Total Earnings|Total USD Value|**Total Withdrawn**|\n|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|\n|BTC|83|0.00021947|0.00042154|0.00046220|0.00004066|$2.27|0.00024273|$13.56|0.00029669|\n|ETH|19|0.00121088|0.00123880|0.00124139|0.00000259|$0.01|0.00002813|$0.11||\n|LTC|19|0.00346527|0.00403529|0.00406066|0.00002537|$0.01|0.00027044|$0.10||\n|USDC|10|0.13050237|0.15870459|0.16170462|0.003|$0.003|0.02820357|$0.028||\n|USDT|10|0.1308|0.1587|0.1617|0.003|$0.003|0.0282|$0.028||\n|XRP|10|0.47547188|0.49308639|0.49507230|0.00198591|$0.003|0.01813837|$0.025||\n|LINK|10|0.00392313|0.00452744|0.00458842|0.00006098|$0.003|0.00053190|$0.025||\n|DASH|10|0.00048955|0.00056145|0.00056894|0.00000749|$0.003|0.00007291|$0.028||\n|TRX|64|1.47676454|8.94194407|9.97192154|1.02997747|$0.13|8.495157|$1.11|3.904216|\n|ADA|10|1.62049414|1.63935741|1.64109960|0.00174219|$0.003|0.01634093|$0.027||\n|XEM|10|1.38172084|1.45976518|1.46803291|.00826773|$0.003|0.07804434|$0.027||\n|NEO|10|0.00577923|0.00662380|0.00672047|0.00009667|$0.01|0.00084457|$0.09||\n|DOGE|11|1.1943288|2.37472549|2.56129963|0.18657414|$0.087|1.18039669|$0.55||\n|BAN|1|0|10.09|10.17|0.08|$0.003|10.17|$0.43|10.17|\n|ALGO|3|0|0.026155|0.03159|0.005435|$0.007|0.03159|$0.044|0.03159|\n|BAT|n/a|0|3.08|3.08|3.08|$4.10|3.08|$4.10|3.08|\n|**Total Daily USD**|$6.65|**Total USD**|$20.28|||||**Withdrawn USD**|$21.63|", 'https://www.reddit.com/r/CryptoCurrency/comments/n9i0sa/30_days_of_faucets_day_8_faucet_list_updated/', 'n9i0sa', [['u/abcdefggfedcba1', 12, '2021-05-11 00:38', 'https://www.reddit.com/r/CryptoCurrency/comments/n9i0sa/30_days_of_faucets_day_8_faucet_list_updated/gxnwrrs/', 'We admire your dedication to getting 0.000876 doge.', 'n9i0sa']]], ['u/rahul9113', 'ZUCK POSTS ABOUT BTC 💀', 56, '2021-05-11 00:49', 'https://www.reddit.com/r/Bitcoin/comments/n9if5x/zuck_posts_about_btc/', 'ZUCK just posted a pic of his goat and named it Bitcoin \n\nThereby hinting Bitcoin = GOAT (greatest of all time) 🥵\n\nThis shit gonna blow up now \nBuy the dip yall \nLooks like FB and ZUCK in it too', 'https://www.reddit.com/r/Bitcoin/comments/n9if5x/zuck_posts_about_btc/', 'n9if5x', [['u/Vendraco00', 11, '2021-05-11 00:51', 'https://www.reddit.com/r/Bitcoin/comments/n9if5x/zuck_posts_about_btc/gxnyd3h/', 'Is this true? If so that would be insanely bullish news\n\nDo you have a link?', 'n9if5x'], ['u/Vendraco00', 10, '2021-05-11 00:56', 'https://www.reddit.com/r/Bitcoin/comments/n9if5x/zuck_posts_about_btc/gxnyym3/', 'Wow what, this might actually mean something! Hyped!', 'n9if5x'], ['u/gybe1977', 19, '2021-05-11 01:39', 'https://www.reddit.com...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
49150.54, 49716.19, 49880.54, 46760.19, 46456.06, 43537.51, 42909.40, 37002.44, 40782.74, 37304.69
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 1.59% on Tuesday. Partially reversing a 4.22% slide from Monday, Bitcoin ended the day at $56,721.5.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $54,138.7 before making a move.\nSteering clear of the first major support level at $53,253, Bitcoin rose to a late intraday high $56,870.0.\nFalling well short of the first major resistance level at $58,998, Bitcoin eased back to end the day at $56,700 levels.\nThe near-term bullish trend remained intact in spite of the latest slide back to $53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nCrypto.com Coinfell by 2.07% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nBitcoin Cash SVrallied by 14.93% to lead the way.\nBinance Coin(+6.46%),Cardano’s ADA(+7.38%),Chainlink(+5.32%),Ethereum(+5.83%),Litecoin(+5.23%), Polkadot (+4.35%), andRipple’s XRP(+6.31%) also made solid gains.\nEarly in the week, the crypto total market rose to a Monday high $2,533bn before sliding to a Monday low $2,137bn. At the time of writing, the total market cap stood at $2,409bn.\nBitcoin’s dominance rose to a Monday high 46.90% before falling to a Tuesday low 43.93%. At the time of writing, Bitcoin’s dominance stood at 44.33%.\nAt the time of writing, Bitcoin was up by 0.60% to $57,059.0. A mixed start to the day saw Bitcoin fall to an early morning low $56,593.0 before rising to a high $57,234.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nEthereum (-0.20%) and Polkadot (-0.48%) saw red to buck the trend early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 1.93% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $55,910 to support a run at the first major resistance level at $57,681.\nSupport from the broader market would be needed for Bitcoin to break back through to $57,500 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $58,000 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,641.\nFailure to avoid a fall through the pivot at $55,910 would bring the first major support level at $54,950 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level at sits $53,179.\nThisarticlewas originally posted on FX Empire\n• Dogecoin – Daily Tech Analysis – May 12th, 2021\n• Gold Price Prediction – Prices Continue to Rise as the Dollar Falls\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 12th, 2021\n• Oil Price Fundamental Daily Forecast – Reversing to Upside as Focus Shifts to API Crude, Gasoline Data\n• Silver Price Forecast – Silver Markets Pull Back From Big Figure\n• Natural Gas Price Fundamental Daily Forecast – Rebounds Despite Calls for Relatively Modest Demand In May', 'Bitcoin , BTC to USD, rose by 1.59% on Tuesday. Partially reversing a 4.22% slide from Monday, Bitcoin ended the day at $56,721.5. A mixed start to the day saw Bitcoin fall to an early morning intraday low $54,138.7 before making a move. Steering clear of the first major support level at $53,253, Bitcoin rose to a late intraday high $56,870.0. Falling well short of the first major resistance level at $58,998, Bitcoin eased back to end the day at $56,700 levels. The near-term bullish trend remained intact in spite of the latest slide back to $53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Crypto.com Coin fell by 2.07% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Bitcoin Cash SV rallied by 14.93% to lead the way. Binance Coin (+6.46%), Cardano’s ADA (+7.38%), Chainlink (+5.32%), Ethereum (+5.83%), Litecoin (+5.23%), Polkadot (+4.35%), and Ripple’s XRP (+6.31%) also made solid gains. Early in the week, the crypto total market rose to a Monday high $2,533bn before sliding to a Monday low $2,137bn. At the time of writing, the total market cap stood at $2,409bn. Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Tuesday low 43.93%. At the time of writing, Bitcoin’s dominance stood at 44.33%. This Morning At the time of writing, Bitcoin was up by 0.60% to $57,059.0. A mixed start to the day saw Bitcoin fall to an early morning low $56,593.0 before rising to a high $57,234.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Ethereum (-0.20%) and Polkadot (-0.48%) saw red to buck the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 1.93% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $55,910 to support a run at the first major resistance level at $57,681. Story continues Support from the broader market would be needed for Bitcoin to break back through to $57,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $58,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,641. Failure to avoid a fall through the pivot at $55,910 would bring the first major support level at $54,950 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level at sits $53,179. This article was originally posted on FX Empire More From FXEMPIRE: Dogecoin – Daily Tech Analysis – May 12th, 2021 Gold Price Prediction – Prices Continue to Rise as the Dollar Falls Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 12th, 2021 Oil Price Fundamental Daily Forecast – Reversing to Upside as Focus Shifts to API Crude, Gasoline Data Silver Price Forecast – Silver Markets Pull Back From Big Figure Natural Gas Price Fundamental Daily Forecast – Rebounds Despite Calls for Relatively Modest Demand In May', "TORONTO, May 12, 2021 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF) is pleased to announce that the Company has signed a definitive purchase agreement (the “Purchase Agreement”) to acquire approximately 10,000 of the most technologically advanced, high-performance Bitcoin (“BTC”) miners (the “Miners”), that will increase the Company’s current hashrate by approximately 925PH to 1.145EH, with delivery of the Miners to occur between August and December of this year.\nThe Miners have been sourced from Northern Data AG (“Northern Data”) (ISIN: DE000A0SMU87; OTC: NDTAF), a leading infrastructure supplier for BTC mining and other high-performance computing (“HPC”) infrastructure solutions. Pursuant to the terms of the Purchase Agreement, the Company has concurrently entered into a hosting agreement (the “Hosting Agreement”) with Northern Data in connection with the Miners, whereby Northern Data will provide services to the Company including the installation and hosting of the Miners in proprietary pre-manufactured performance optimized mobile data centers to be located at Digihost’s company-owned facility. Both parties are in advanced discussions to expand the Purchase Agreement beyond the initial 10,000 Miners up to a total of 30,000 miners, giving Digihost the potential to increase its current hashrate to approximately 3.0EH.\nUnder the terms of the Hosting Agreement, Digihost will provide power to the operation from its recently acquired 60MW power plant (press release – March 24, 2021), and Northern Data will be responsible for supplying and maintaining the dedicated data centre infrastructure. To the extent possible, the Company intends to source and utilize renewable natural gas for the operations of its power plant, Digifactory1, and also engage in the practice of acquiring renewable energy certificates, all in line with the Company’s objective to mitigate its carbon footprint. The net revenue generated from the BTC mining operation, after paying Digihost a very competitive power rate, will be allocated between Digihost and Northern Data according to a fixed distribution formula.\nMichel Amar, the Company’s CEO, stated: “We are extremely pleased with this significant transaction between Digihost and Northern Data to acquire approximately 10,000 new Bitcoin miners with over 925PH of hashing power, as well as the hosting arrangement which will allow us to benefit from Northern Data’s best in class HPC technology and services as well as securing access to miners in the current sold-out market environment. Accelerating the Company’s combined hashrate to more than 1.145EH by the end of this year, which could result in approximately US$80 million of operating profit in 2022, based on current Bitcoin metrics, is a significant accomplishment for Digihost as we continue to evolve as a leader in the cryptocurrency mining sector.”\nAbout Digihost Technology Inc.\nDigihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining. The Company's mining facilities are located in Upstate New York, and are equipped with 78.7 MW of low-cost power with the option to expand to 102MW. The Company is currently hashing at a rate of 200PH with potential to expand to a rate of 3EH upon the completion of the previously announced acquisition of a 60MW power plant.\nFor further information, please contact:\nDigihost Technology Inc.www.digihost.caMichel
**Last 60 Days of Bitcoin's Closing Prices:**
[61243.09, 59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-12
**Financial & Commodity Data:**
- Gold Closing Price: $1822.60
- Crude Oil Closing Price: $66.08
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,056,647,010,309
- Hash Rate: 176209059.88134116
- Transaction Count: 300452.0
- Unique Addresses: 852846.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A week after the cryptocurrency exchange Coinbase staged a direct listing, much of the focus remains on the wealth that the listing generated for executives at the company, its board members and its private investors. Citing data from Capital Market Laboratories, Cointelegraph on Monday noted, for example, that 12,965,079 shares worth close to $5 billion at the time had been sold by insiders by the close of stock market on Friday. One early investor who sold some of those shares is Garry Tan of the venture firm Initialized Capital. Tan worked previously as a partner with Y Combinator, where he helped ensure that Coinbase was accepted into the program, and he remained the primary contact for founder and CEO Brian Armstrong, backing Armstrong three more times with seed checks after launching Initialized Capital with two other YC alums: Alexis Ohanian and Harjeet Taggar. Before the listing, Initialized still owned .8% of Coinbase, which currently boasts a market cap of $64 billion. We talked with Tan late last week, who spoke candidly about the event and its impact on him personally. Tan also gave a fairly specific reason why he's holding on to the "vast majority" of his stake for the foreseeable future. You can hear our longer conversation here ; we're also featuring excerpts from that discussion below. TC: What year was it when you wrote that first check to Coinbase? GT: It was 2012. I believe it would have been in April or May and then the batch started in June and I had just raised $7 million from Alex Bangash , who's a great fund of funds operator. He does direct [investing] now, too. But he'd been trying to invest with Y Combinator for many years, and Jessica [Livingston] and Paul [Graham] said, 'There's probably not a way for you to do that. But here, you should meet Garry and Harj and Alexis, who are raising a very small $7 million fund.' And he ended up giving us $5 million of the $7 million and Coinbase was one of our very first checks; we wrote a $50,000 check [with a] $9 million pre-money cap. Story continues TC: Did that create any complications with Y Combinator as Coinbase started to take off? Did Initialized end up with a bigger stake in the company than Y Combinator? GT: I think YC still ended up getting more. The other thing that was true back then was it was commonplace for YC partners to invest in YC companies. And it is true that we were quite successful. And we were asked to stop doing that, and we did. And that's when I helped raise YC Continuity. And once that got up and running in 2015, that's when I decided to spin out. Coinbases direct listing alters the landscape for fintech and crypto startups I love YC. It was in super great shape. And it's more fun to be a pirate than to join the Navy. So I jumped ship and worked on our third $125 million seed fund back in 2016. But [we're] still close friends with all of our friends back at YC and I think super fondly of my time back there. TC: A lot of numbers have been published about who owns how much and how much it's worth. If you detangle Initialized's stake from YC's, your stake [would be valued around] $800 million. Were you restricted in any way from selling? GT: No. TC: Nobody was? GT: The company didn't need to raise money. It's a profitable company. That's a super powerful thing to really know. This is not a speculative, cash-burning entity. This is a kind company with a durable moat and hyper profitability. TC: Would you share what percentage of your stake you sold? GT: I sold basically a fraction of my shares. As [with] many early employees, to be frank, this exit to me and my family is actually quite meaningful, just like it is for a lot of the other people who started off as engineers; I myself am an engineer [who] had credit card debt as recently as 2011 before I became an investor at Y Combinator and Initialized. We have to remember that Silicon Valley is where a lot of skilled builders are creating their own first wealth. All that being said, like a lot of other people who are also long with the company, I'm holding the majority and vast majority [of my shares] because I'm super long on both crypto and Coinbase. TC: How do you think about its valuation and whether it's sustainable? So much of the company's revenue derives from transaction fees and invariably, competition is going to drive those down to potentially zero. Robinhood already offers commission-free trades on crypto [and is also expected to go pubic soon]. GT: In the short term, you think about it as an exchange. In the long term, you need to think about it as what is a trusted on-ramp and user experience, and then [there's] also the infrastructure. We were actually the first seed investors and largest institutional holder of stock in Bison Trails [a firm that specializes in building blockchain infrastructure for banks and other companies] and was bought by Coinbase late last year [though the deal was announced in January for undisclosed terms]. This is a company that I think a lot of people should pay attention to even now, because all of crypto is switching from proof of work -- [an energy-intensive process] that is how Bitcoin and Ethereum currently get to consensus -- to [a new way of mining called] proof of stake, which is far more efficient and pretty much all of the newer blockchains are shifting to [and that rewards miners with transaction fees]. So this was a huge strategic buy for Coinbase and sets them up to be like a cloud infra company the way AWS is. And if you spend time with Amazon's annual report, you realize that [infrastructure] is a massively profitable space. So that is the way to think about Coinbase. TC: And Coinbase has customers of this cloud infrastructure service already? GT: It's already the preferred infra company for a great number of the top 100 new crypto blockchains. Long term, Microsoft is not one revenue stream, it's not a one-trick pony. They started with an OS. They used their advantage in operating systems to build applications, and then OS and applications together allowed them to also build server software. Five takeaways from Coinbases S-1 [The best] companies stack durable advantages in multiple industries, and they do it on the back of hiring the best software engineers, the best designers and the best product people, and that is enabled by being extremely profitable, and then being a great place to work. And that's the same for Coinbase as it is for Google, Facebook for Amazon -- any of the big tech giants. (A few things: The original version of this story accidentally listed Initialized's holdings in Coinbase at the time of its direct listing as .08%, instead of .8%. As a reminder, you can check it out this chat in its entirety here . We're also talking soon with Bison Trails CEO Joe Lallouz, so stay tuned for more on this front.)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
49716.19, 49880.54, 46760.19, 46456.06, 43537.51, 42909.40, 37002.44, 40782.74, 37304.69, 37536.63
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['A new cryptocurrency called Internet Computer made a splashy debut this week, becoming one of the largest digital coins after its value skyrocketed to $45 billion. The coin, developed by the Dfinity Foundation, a nonprofit in Zurich, Switzerland, is a competitor to other hot cryptocurrencies like Ethereum and Bitcoin. Internet Computer debuted at a price of $731 on Monday then dropped to $146 within minutes before rebounding somewhat. Two days later, the coin was priced at about $280, down 60% from its big debut, but still with a total market capitalization of $34.6 billion. For reference, Bitcoin is valued at $53,180, with a market capitalization of $988.9 billion, and Ethereum is priced at $4,095 and is valued at $470.7 billion. “There has been a parabolic rise of Internet Computer,” said Linda Kreitzman, assistant dean at University of California at Berkley’s Haas School of Business who helps oversee the Berkeley Haas Blockchain Initiative. “But the broader ramification is that money is flowing into the crypto market and there’s a mass adoption of crypto.” Internet Computer is just the latest cryptocurrency creating buzz. Just a few days ago it was Dogecoin, boosted by Tesla CEO Elon Musk . Here’s what we know about Internet Computer. What is Internet Computer? Internet Computer is a digital token that runs on its own proprietary protocol called Internet Computer Protocol, which is supposed to let anyone build software or publish content on the Internet without using services from big companies like [hotlink]Amazon[/hotlink], Google, or [hotlink]Facebook[/hotlink]. The protocol, according to Dfinity founder Dominic [hotlink]Williams[/hotlink], provides a “hackproof platform,” reduces costs “dramatically,” and is interoperable. He also says that the protocol is intended to make the Internet “fun again,” by allowing people to build a “new open Internet” and give users a “better deal.” The idea is similar to other blockchain cryptocurrencies that use smart contracts, or computer codes that serve as a kind of agreement between parties, to exchange currencies. Story continues Where did the cryptocurrency come from? Dfinity was founded in 2016 by Williams, a serial entrepreneur and Dfinity’s chief scientist. It has 188 employees in the U.S., U.K, Japan, and Germany, and three research centers in Palo Alto, Calif., San Francisco, and Zurich. The startup’s goal is to reinvent the Internet “as a computer that hosts secure software with superpowers,” or basically create a more open Internet that lets more people build on it and reverse “Big Tech’s monopolization.” Dfinity is backed by investors including Andreessen Horowitz, Polychain Capital, Amino Capital, Aspect Ventures, and Eterna Capital. Why is Internet Computer hot? Internet Computer boasts both a big team and big investors, a sort of seal of approval that makes it more attractive to cryptocurrency buyers. But beyond that, it’s just the new toy for a growing number of enthusiasts to play with and it has a “cool name,” Kreitzman said. “The timing plus the name choice have created the perfect situation for an explosive debut,” she said. But Kreitzman said it’s still too early to fairly judge Internet Computer and its protocol. “I don’t think anyone can tell in just two or three days.” This story was originally featured on Fortune.com', 'A new cryptocurrency called Internet Computermade a splashydebut this week, becoming one of the largest digital coins after its value skyrocketed to $45 billion.\nThe coin, developed by the Dfinity Foundation, a nonprofit in Zurich, Switzerland, is a competitor to other hot cryptocurrencies like Ethereum and Bitcoin. Internet Computer debuted at a price of $731 on Monday then dropped to $146 within minutes before rebounding somewhat. Two days later, the coin was priced at about $280, down 60% from its big debut, but still with a total market capitalization of $34.6 billion.\nFor reference, Bitcoin is valued at $53,180, with a market capitalization of $988.9 billion, and Ethereum is priced at $4,095 and is valued at $470.7 billion.\n“There has been a parabolic rise of Internet Computer,” said Linda Kreitzman, assistant dean at University of California at Berkley’s Haas School of Business who helps oversee the Berkeley Haas Blockchain Initiative. “But the broader ramification is that money is flowing into the crypto market and there’s a mass adoption of crypto.”\nInternet Computer is just the latest cryptocurrency creating buzz. Just a few days ago it was Dogecoin,boosted by Tesla CEO Elon Musk. Here’s what we know about Internet Computer.\nInternet Computer is a digital token that runs on its own proprietary protocol called Internet Computer Protocol, which is supposed to let anyonebuild software or publish content on the Internetwithout using services from big companies like [hotlink]Amazon[/hotlink], Google, or [hotlink]Facebook[/hotlink]. The protocol, according to Dfinity founder Dominic [hotlink]Williams[/hotlink], provides a “hackproof platform,” reduces costs “dramatically,” and is interoperable. He also says that the protocol is intended to make the Internet “fun again,” by allowing people to build a “new open Internet” and give users a “better deal.”\nThe idea is similar to other blockchain cryptocurrencies that use smart contracts, or computer codes that serve as a kind of agreement between parties, to exchange currencies.\nDfinity was founded in 2016 by Williams, a serial entrepreneur and Dfinity’s chief scientist. It has 188 employees in the U.S., U.K, Japan, and Germany, and three research centers in Palo Alto, Calif., San Francisco, and Zurich. The startup’s goal is to reinvent the Internet “as a computer that hosts secure software with superpowers,” or basically create a more open Internet that lets more people build on it and reverse “Big Tech’s monopolization.”\nDfinity is backed by investors including Andreessen Horowitz, Polychain Capital, Amino Capital, Aspect Ventures, and Eterna Capital.\nInternet Computer boasts both a big team and big investors, a sort of seal of approval that makes it more attractive to cryptocurrency buyers. But beyond that, it’s just the new toy for a growing number of enthusiasts to play with and it has a “cool name,” Kreitzman said.\n“The timing plus the name choice have created the perfect situation for an explosive debut,” she said.\nBut Kreitzman said it’s still too early to fairly judge Internet Computer and its protocol. “I don’t think anyone can tell in just two or three days.”\nThis story was originally featured onFortune.com', 'Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. \x93We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,\x94 Musk said on Twitter. He added that cryptocurrency is a \x93good idea on many levels\x94 but its promise cannot come at a \x93great cost to the environment." Tesla, he added, won\'t be selling any of the Bitcoin it owns. The price of bitcoin fell about 5% to $51,847 after Musk\'s comments on Twitter. Tesla\'s stock finished Wednesday down 4.4%. Tesla said in February that it had invested around $1.5 billion in Bitcoin and it planned to begin accepting the digital currency as payment \x93soon." The fair market value of Tesla\'s Bitcoin holdings as of March 31 was $2.48 billion, according to securities filings. Bitcoin relies on computers, which rely on electricity, to exist. The number of computers and the energy needed to power them is rising \x97 the growing value of bitcoin is directly tied to the amount of energy it uses. Bitcoin miners unlock bitcoins by solving complex, unique puzzles. As the value of bitcoin goes up, the puzzles become increasingly more difficult, and it requires more computer power to solve them. Estimates on how much energy Bitcoin uses vary. A 2019 study by researchers at the Technical University of Munich and the Massachusetts Institute of Technology concluded that, in late 2018, the entire bitcoin network was responsible for up to 22.9 million tons of CO2 per year \x97 similar to a large Western city or an entire developing country like Sri Lanka. Total global emissions of the greenhouse gas from the burning of fossil fuels were about 37 billion tons last year.', 'Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. \x93We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,\x94 Musk said on Twitter. He added that cryptocurrency is a \x93good idea on many levels\x94 but its promise cannot come at a \x93great cost to the environment." Tesla, he added, won\'t be selling any of the Bitcoin it owns. The price of bitcoin fell about 5% to $51,847 after Musk\'s comments on Twitter. Tesla\'s stock finished Wednesday down 4.4%. Tesla said in February that it had invested around $1.5 billion in Bitcoin and it planned to begin accepting the digital currency as payment \x93soon." The fair market value of Tesla\'s Bitcoin holdings as of March 31 was $2.48 billion, according to securities filings. Bitcoin relies on computers, which rely on electricity, to exist. The number of computers and the energy needed to power them is rising \x97 the growing value of bitcoin is directly tied to the amount of energy it uses. Bitcoin miners unlock bitcoins by solving complex, unique puzzles. As the value of bitcoin goes up, the puzzles become increasingly more difficult, and it requires more computer power to solve them. Estimates on how much energy Bitcoin uses vary. A 2019 study by researchers at the Technical University of Munich and the Massachusetts Institute of Technology concluded that, in late 2018, the entire bitcoin network was responsible for up to 22.9 million tons
**Last 60 Days of Bitcoin's Closing Prices:**
[59302.32, 55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-13
**Financial & Commodity Data:**
- Gold Closing Price: $1823.80
- Crude Oil Closing Price: $63.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $953,581,164,750
- Hash Rate: 185896531.25400168
- Transaction Count: 276472.0
- Unique Addresses: 806882.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.31
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / March 24, 2021 /Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
FUBO Shareholders Click Here:https://www.zlk.com/pslra-1/fubotv-inc-loss-submission-form?prid=14067&wire=1REGI Shareholders Click Here:https://www.zlk.com/pslra-1/renewable-energy-group-inc-loss-submission-form?prid=14067&wire=1ROOT Shareholders Click Here:https://www.zlk.com/pslra-1/root-inc-information-request-form?prid=14067&wire=1
* ADDITIONAL INFORMATION BELOW *
fuboTV Inc. (NYSE:FUBO)
FUBO Lawsuit on behalf of:investors who purchased March 23, 2020 - January 4, 2021Lead Plaintiff Deadline: April 19, 2021TO LEARN MORE, VISIT:https://www.zlk.com/pslra-1/fubotv-inc-loss-submission-form?prid=14067&wire=1
According to the filed complaint, during the class period, fuboTV Inc. made materially false and/or misleading statements and/or failed to disclose that: (ii) Fubo offering of products was subject to undisclosed cost escalations; (iii) Fubo could not successfully compete and perform as sports book operator and could not capitalize on its only sports wagering opportunity; (iv) Fubo's data and inventory was not differentiated to allow Fubo to achieve long-term advertising growth goals and forecasts; (v) Fubo's valuation was overstated in light of its total revenue and subscription levels; (vi) the acquisition of Balto Sport did not provide the stated synergies, internal expertise, and did not expand the Company's addressable market into online sports wagering; and as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Renewable Energy Group, Inc. (NASDAQ:REGI)
REGI Lawsuit on behalf of:investors who purchased May 3, 2018 - February 25, 2021Lead Plaintiff Deadline: May 3, 2021TO LEARN MORE, VISIT:https://www.zlk.com/pslra-1/renewable-energy-group-inc-loss-submission-form?prid=14067&wire=1
According to the filed complaint, during the class period, Renewable Energy Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company's customers; (2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) as a result, Renewable Energy's revenue and net income were overstated for certain periods; (4) there was a material weakness in the Company's internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Root, Inc (NASDAQ:ROOT)
This lawsuit is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Root Class A common stock pursuant and/or traceable to the Offering Documents issued in connection with the Company's initial public offering conducted on or about October 28, 2020.Lead Plaintiff Deadline: May 18, 2021TO LEARN MORE, VISIT:https://www.zlk.com/pslra-1/root-inc-information-request-form?prid=14067&wire=1
According to the filed complaint, (i) Root would foreseeably fail to generate positive cash flow for at least several years following the IPO; (ii) accordingly, the Company would foreseeably require significant cash infusions to meet its cash flow needs; (iii) notwithstanding the Defendants' touting of Root's purportedly unique, data-driven advantages, several of the Company's established industry peers in fact possessed significant competitive advantages over Root with respect to, inter alia, telematics data and data engagement; and (iv) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff.Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY [email protected]: (212) 363-7500Fax: (212) 363-7171https://www.zlk.com
SOURCE:Levi & Korsinsky, LLP
View source version on accesswire.com:https://www.accesswire.com/637265/CLASS-ACTION-UPDATE-for-FUBO-REGI-and-ROOT-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
49880.54, 46760.19, 46456.06, 43537.51, 42909.40, 37002.44, 40782.74, 37304.69, 37536.63, 34770.58
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Dogecoin (DOGE) is once again running with the wolves after Tesla’s Elon Musk tweeted “potentially promising” news for the network. According to a Twitter comment by Musk on Thursday evening, Tesla and its CEO are “working with Doge” developers to “improve system transaction efficiency.” Prices across major exchanges including Binance, Bitfinex, FTX, Gemini and Poloniex are posting around 22% gains over a 24-hour period for the Shibu Inu-inspired meme coin. The cryptocurrency is currently changing hands for around $0.48. The increase came even as other major cryptocurrencies’ prices sank. Related: Coinbase to Add Dogecoin in the Next 6-8 Weeks Meanwhile, U.S. cryptocurrency exchange Coinbase announced it would be adding DOGE to its suite of crypto offerings in six to eight weeks, likely due to client demand as has been the case with other major exchanges . The world’s second-richest man has played a large role in DOGE’s astronomical 9,400% rise in value since it was just a pup trading at around $0.005 on Jan. 1. Musk’s handiwork has previously affected DOGE’s price. Last month, Tesla’s CEO hinted the Shibu Inu-inspired crypto would feature on “Saturday Night Live,” with Musk calling himself the “ Dogefather .” Prices immediately spiked on the tip, jumping 24% from $0.25 to $0.31. DOGE’s price continued to soar leading up to Musk’s appearance on the show, touching an all-time high of around $0.74, but immediately cooled after traders’ hopes were dashed by Musk’s meager mention of the crypto that night. Related: Market Wrap: Bitcoin Falls for Second Straight Day After Tesla Action; Ether Follows See also: Coinbase to Add Dogecoin in the Next 6-8 Weeks The problem, some argue , is that DOGE is unlikely to survive without Musk’s help, though developers appear to be making headway in a project that once had zero involvement from crypto technicians. Dogecoin started as a joke in 2013 by creators Jack Palmer and Billy Markus to draw newcomers to the cryptocurrency industry. It has since gained immense fame at least partly because of celebrity endorsements from the likes of Snoop Dogg and Kiss’s Gene Simmons . Related Stories Et tu, Elon? What’s Really Behind Tesla’s Bitcoin Betrayal Bitcoin’s Still a Buy, Despite Tesla, Says Bloomberg’s McGlone', 'Dogecoin(DOGE) is once again running with the wolves after Tesla’s Elon Musk tweeted “potentially promising” news for the network.\nAccording to aTwitter commentby Musk on Thursday evening, Tesla and its CEO are “working with Doge” developers to “improve system transaction efficiency.”\nPrices across major exchanges including Binance, Bitfinex, FTX, Gemini and Poloniex are posting around 22% gains over a 24-hour period for the Shibu Inu-inspired meme coin. The cryptocurrency is currently changing hands for around $0.48. The increase came even as other major cryptocurrencies’ prices sank.\nRelated:Coinbase to Add Dogecoin in the Next 6-8 Weeks\nMeanwhile, U.S. cryptocurrency exchange Coinbase announced it would beadding DOGEto its suite of crypto offerings in six to eight weeks, likely due toclient demandas has been the case with othermajor exchanges.\nThe world’s second-richest man has played a large role in DOGE’s astronomical 9,400% rise in value since it was just a pup trading at around $0.005 on Jan. 1.\nMusk’s handiwork has previously affected DOGE’s price. Last month, Tesla’s CEO hinted the Shibu Inu-inspired crypto would feature on “Saturday Night Live,” with Musk calling himself the “Dogefather.” Prices immediately spiked on the tip, jumping 24% from $0.25 to $0.31.\nDOGE’s pricecontinued to soarleading up to Musk’s appearance on the show, touching an all-time high of around $0.74, butimmediately cooledafter traders’hopes were dashedby Musk’s meager mention of the crypto that night.\nRelated:Market Wrap: Bitcoin Falls for Second Straight Day After Tesla Action; Ether Follows\nSee also:Coinbase to Add Dogecoin in the Next 6-8 Weeks\nThe problem,some argue, is that DOGE is unlikely to survive without Musk’s help, though developers appear to bemaking headwayin a project that once had zero involvement from crypto technicians.\nDogecoin started as a joke in 2013 by creators Jack Palmer and Billy Markus to draw newcomers to the cryptocurrency industry. It has since gained immense fame at least partly because of celebrity endorsements from the likes ofSnoop Doggand Kiss’sGene Simmons.\n• Et tu, Elon? What’s Really Behind Tesla’s Bitcoin Betrayal\n• Bitcoin’s Still a Buy, Despite Tesla, Says Bloomberg’s McGlone', 'Bitcoin , BTC to USD, rose by 0.34% on Thursday. Following a 12.52% slide on Wednesday, Bitcoin ended the day at $49,750.6. A bearish start to the day saw Bitcoin slide to an early morning intraday low $46,601.0 before making a move. Steering clear of the first major support level at $46,150, Bitcoin rallied to an early morning intraday high $51,333.0. While falling short of the first major resistance level at $55,539, Bitcoin broke back through the 23.6% FIB of $50,473. A second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to a low $47,100. Continuing to steer clear of the major support levels, however, Bitcoin moved back through to $49,700 levels to end the day in the green. The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Crypto.com Coin slid by 9.92% to lead the way down. Binance Coin (-3.60%) and Ethereum (-2.05%) also saw red on the day. It was a bullish day for the rest of the majors, however. Cardano’s ADA jumped by 23.2% to lead the way, with Polkadot and Ripple’s XRP seeing gains of 13.68% and 8.67% respectively. Bitcoin Cash SV (+1.85%), Chainlink (+2.36%), and Litecoin (+2.38%) also joined Bitcoin in the green. In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,226bn. Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Thursday low 41.15%. At the time of writing, Bitcoin’s dominance stood at 42.11%. This Morning At the time of writing, Bitcoin was up by 0.81% to $50,152.0. A mixed start to the day saw Bitcoin fall to an early morning low $49,565.0 before rising to a high $50,223.0. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a mixed start to the day. Cardano’s ADA (-1.94%) and Ripple’s XRP (-0.55%) saw red to buck the trend early on. It was a bullish start for the rest of the majors. At the time of writing, Bitcoin Cash SV was up by 4.38% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $49,228 to support a run at the 23.6% FIB of $50,473 and the first major resistance level at $51,855. Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $51,333.0. Barring an extended crypto rally, the first major resistance level and Thursday’s high would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,960. Failure to avoid a fall through the pivot at $49,228 would bring the first major support level at $47,123 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels. The second major support level at sits $44,496. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Markets Continue to Press Three Dollars Oil Price Fundamental Daily Forecast – WTI, Brent Tumble on Rate Hike Concerns, Covid-Related Demand Worries Gold Price Prediction – Prices Rise Rebounding from Support Following Robust Producer Inflation US Stock Index Futures: Posting Small Gains after Snapping 3-Day Losing Streak on Thursday AUD/USD Forex Technical Analysis – Trying to Establish Support Inside Retracement Zone at .7712 to .7669 Dogecoin – Daily Tech Analysis – May 14th, 2021', 'Bitcoin , BTC to USD, rose by 0.34% on Thursday. Following a 12.52% slide on Wednesday, Bitcoin ended the day at $49,750.6. A bearish start to the day saw Bitcoin slide to an early morning intraday low $46,601.0 before making a move. Steering clear of the first major support level at $46,150, Bitcoin rallied to an early morning intraday high $51,333.0. While falling short of the first major resistance level at $55,539, Bitcoin broke back through the 23.6% FIB of $50,473. A second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to a low $47,100. Continuing to steer clear of the major support levels, however, Bitcoin moved back through to $49,700 levels to end the day in the green. The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Crypto.com Coin slid by 9.92% to lead the way down. Binance Coin (-3.60%) and Ethereum (-2.05%) also saw red on the day. It was a bullish day for the rest of the majors, however. Cardano’s ADA jumped by 23.2% to lead the way, with Polkadot and Ripple’s XRP seeing gains of 13.68% and 8.67% respectively. Bitcoin Cash SV (+1.85%), Chainlink (+2.36%), and Litecoin (+2.38%) also joined Bitcoin in the green. In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,226bn. Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Thursday low 41.15%. At the time of writing, Bitcoin’s dominance stood at 42.11%. This Morni
**Last 60 Days of Bitcoin's Closing Prices:**
[55907.20, 56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54, 49716.19]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-14
**Financial & Commodity Data:**
- Gold Closing Price: $1837.90
- Crude Oil Closing Price: $65.37
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $926,931,373,300
- Hash Rate: 166839065.28467855
- Transaction Count: 266055.0
- Unique Addresses: 752353.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Adds details, background)
April 20 (Reuters) - SoftBank-backed office-sharing startup WeWork said on Tuesday it would begin accepting payments in select cryptocurrencies and partner with Coinbase Global Inc and payment app Bitpay to facilitate transactions.
WeWork joins a clutch of high-profile firms that have dived into the digital currency space recently, including Tesla Inc , Visa Inc, Bank of NY Mellon, prompting the move away from the fringes of finance for crytocurrencies like bitcoin.
Visa Inc said last month it would allow payment settlements using cryptocurrency while PayPal Holdings Inc launched a crypto checkout service on March 30.
Bitcoin, the biggest crytocurrency, reached a record high last week, ahead of the trading debut of U.S. crytocurrency exchange Coinbase, but its rally has since cooled off.
The multi-fold rise in the value of cryptocurrencies has also been driven by investors seeking high-yielding assets amid low interest rates.
Earlier in the day, PayPal-owned peer-to-peer payment service Venmo said it had started allowing users to buy, hold and sell cryptocurrencies on its app.
WeWork agreed to go public late last month through a merger with a blank-check firm in a deal that values the start-up at $9 billion. SoftBank Group Corp said it would retain a majority stake in the company after the merger. (Reporting by Sohini Podder and Niket Nishant in Bengaluru; Editing by Vinay Dwivedi)...
- Reddit Posts (Sample): [['u/ravagedspineandbrain', 'Want to move to a nicer home. A dedication to FIRE is holding me back', 16, '2021-05-14 00:02', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/', 'I\'ve lived the FIRE mantra - initially by accident due to generally good/healthy personal finance habits, and for the last 4 years now with the relative gusto that being a drinker-of-the-FIRE-koolaid evokes. \n\nMy conundrum:\nI own my primary residence. Due to some fortunate gains this year (thanks BTC and TSLA) I was able to pay off the remaining 235k on my mortgage in its entirety and have enjoyed socking away additional cash into some taxable investment accounts. The home has grown in value by ~70% in the 7 years I\'ve owned it. It is a modest and small (1000 square foot home) in a highly desirable area and will easily sell. I\'m finding myself wanting to upgrade to a new residence. Unfortunately the homes in which I want to live will require me taking out another 400k mortgage (after accounting for the cash my primary residence will net me) and my FIRE alarm bells are going off. While mortgage debt in this climate is about the cheapest money you can buy, some part of me is screaming "you save 100% of the money you dont spend". Perhaps this is a personal preference discussion, but I figured I\'d poll the audience for counsel.\n\nThe numbers, if they matter ( a bit simplified, but they paint an accurate enoguh picture i think):\n\nNW: 1.2mm\n\ncurrent primary residence: 650k\n\n401k + ROTH + taxable accounts: 550k\n\n\n\nIncome: 190k/yr\n\ndesired home\'s value: 1.05mm', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/', 'nbsnhz', [['u/AnusQuarterPounder77', 46, '2021-05-14 00:12', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy15fxs/', 'Definitely a personal preference question but at the end of the day with cheap money and inflation rearing it’s head I would take a real asset I get daily enjoyment from every day of the week.', 'nbsnhz'], ['u/uncle-fire', 48, '2021-05-14 00:22', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy16muh/', 'Unless you adopt a nomad lifestyle, you are going to spend a lot of your time in your house. It makes a huge difference to your quality of life to live in a house you like. \n\nThe extra 400k (and extra property taxes and maintenance expenses) will set your fire plans back by a few years, given your income. Unless you dislike your job and you are looking forward to retire as early as possible, the new house is probably worth it.', 'nbsnhz'], ['u/yallbyourhuckleberry', 14, '2021-05-14 00:40', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy18t6i/', 'Small house in a highly desirable location is where its at though', 'nbsnhz'], ['u/radianceofparadise', 24, '2021-05-14 00:57', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy1ax7d/', 'You earn $190K/yr. Why not just save up the difference over a few years and then decide? Do you NEED such an expensive new home now or do you WANT it?', 'nbsnhz'], ['u/Arn01d', 16, '2021-05-14 04:33', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy1zp32/', '>I would take a real asset I get daily enjoyment from every day of the week.\n\nThis.', 'nbsnhz'], ['u/ShouldISplurge', 14, '2021-05-14 15:00', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy3f4gq/', "Reframe your space.\n\nYou have a dedicated room. A dedicated bathroom. \nShe has a dedicated room. A dedicated bathroom. \nBoth have another entire room to store every last single item in. \n\nI'm not attacking your choices, just wondering if you've inflated your lifestyle? \nGiven a bigger house, are you just going to fill it with more stuff too?", 'nbsnhz'], ['u/mist3rflibble', 13, '2021-05-14 15:55', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy3lzcp/', 'Have you considered renting the paid off house? Then you get the following. \n\n1. Rental income to offset the new mortgage. \n\n2. A ripcord to pull in case you decide your new house was a terrible idea: sell the new house, and retreat to your current house after booting out the tenant. \n\n3. If all goes well in the new house, when you’re done you’ll have a passive income stream to supplement your FIRE plan. Likewise if you decide to sell your rental, with the proceeds from appreciation. \n\nSeems like a strong case of having your cake and eating it too.', 'nbsnhz'], ['u/gnomeozurich', 14, '2021-05-14 21:34', 'https://www.reddit.com/r/financialindependence/comments/nbsnhz/want_to_move_to_a_nicer_home_a_dedication_to_fire/gy4wz9l/', "One thing that concerns me is that a large portion (about half, maybe more) of your NW gains seems to be from housing appreciation, and outlier windfalls (BTC/TSLA). \n\nThat, along with very strong stock markets, suggests that unless you started from nothing 4 years ago, you don't have a huge savings rate, but something more like a 30-50% SR. \n\nthis means that such a plan could easily set back your FIRE timeline by quite a lot!\n\nI plugged some numbers into my simple spreadsheet that accounts for taxes and such -- and looked at 190k income and plugged in savings numbers that would result in roughly a 50% net savings rate, then plugged in 550k in investments. This assumes you are maxing a deductible 401k/403b and then saving another roughly 50k and paying around 45-50k in various income based taxes (federal, state, FICA) if you're single. This is based on a fairly average tax state.\n\nNow, if you get this other house, and it's going to cost an extra 400k mortgage -- let's figure on paying 2.5% interest or roughly 10k/year. Then the house is bigger/more expensive, so it's probably going to add another 2% or more of that value in maintenance, utilities, property taxes and insurance. Let's call that another 10k/year. \n\nAdd it up and you've got 20k that will go from savings to spending. \n\nWhat does that do to your FIRE timeline? Well, it bumps your FI number from about 2mil to about 2.6mil at a 3.5% WR. \n\nIt's also moves your savings rate from 50% to 35%, and bumps your FIRE timeline by around 5 years at ~6% inflation adjusted returns from ~10 years to ~15 years. Also increases the variance based on market returns a lot. The range of 3% to 8% is 12 to 22 years, instead of 9 to 14 years. \n\nSo it's your decision -- is living the nicer house worth an extra 5 years + time to FI?", 'nbsnhz']]], ['u/RssnGopnik', 'I Finally Made It. RETIRED... WHAT NOW ?', 12, '2021-05-14 00:02', 'https://www.reddit.com/r/CryptoCurrency/comments/nbsnmp/i_finally_made_it_retired_what_now/', 'Hey guys. I have been trading stocks and crypto since 2014 (2016 for stocks) and I have been fairly successful with both, thanks to Bitcoin and TSLA Option calls ahaha. However, this year I retired and I am facing dilemma on "What is next ?" Currently I have been building a community on helping out new traders and was thinking about starting a blog but I don\'t think like its enough. \n\n\nWith this whole crypto craze I am also thinking about opening a crypto exchange. I do have funding for it, as well, as programmers for back end and front end. \nMy concern is, how well do you think before crypto becomes so mainstream that it will replace Fiat currency? I remember 8 years ago, no one even heard of Bitcoin, now everyone know WTH it is and even my grandma knows that its "some Internet money." Would you guys think exchange is a crazy idea ? The Concept behind it is, I want people to own parts of it as NFT, as community but I would like to hear some feedback. \n\n\nPS: Love all the crypto craziness. I do think it is much better option then the fiat and Stocks or Options for making money in short term. However, Stock is government backed, meaning they can\'t let the pension funds fail, so still gotta invest into that.', 'https://www.reddit.com/r/CryptoCurrency/comments/nbsnmp/i_finally_made_it_retired_what_now/', 'nbsnmp', [['u/MarkEsper', 22, '2021-05-14 00:03', 'https://www.reddit.com/r/CryptoCurrency/comments/nbsnmp/i_finally_made_it_retired_what_now/gy14euu/', 'Congrats on making it to your moon dude… many of us will get there in next bull market', 'nbsnmp']]], ['u/Myzipperisdown', 'What are you dip buying?', 18, '2021-05-14 00:05', 'https://www.reddit.com/r/CryptoCurrency/comments/nbsq5c/what_are_you_dip_buying/', "I've been watching my faves (ETH/BTC/ADA/MATIC..etc. ) and DCA'ing my way through through this dip (accept ADA, making gains!)\n\nWhats everyone dip buying? Any new picks your jumping into due to this sale so you when its over you get great gains?", 'https://www.reddit.com/r/CryptoCurrency/comments/nbsq5c/what_are_you_dip_buying/', 'nbsq5c', [['u/moosedownjacket', 16, '2021-05-14 00:10', 'https://www.reddit.com/r/CryptoCurrency/comments/nbsq5c/what_are_you_dip_buying/gy158sa/', 'Picked up some more ETH this week', 'nbsq5c'], ['u/DeliciousD', 10, '2021-05-14 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/nbsq5c/what_are_you_dip_buying/gy17s0e/', 'Algo, Ada, Xlm, Vet, Rvn, One. In for the long haul 2035 min.', 'nbsq5c'], ['u/TheDweadPiwatWobbas', 16, '2021-05-14 00:32', 'https://www.reddit.com/r/CryptoCurrency/comments/nbsq5c/what_are_you_dip_buying/gy17wne/', 'I wanted to pick up more ADA but its kicking too much ass right now :(\n\nI wanted to pick up more around 1 dollar, instead its about to hit 2 lol.', 'nbsq5c'], ['u/Logical-Beautiful66', 11, '2021-05-14 00:40', 'https://www.reddit.com/r/CryptoC...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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46760.19, 46456.06, 43537.51, 42909.40, 37002.44, 40782.74, 37304.69, 37536.63, 34770.58, 38705.98
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.35% on Friday. Following on from a 0.34% gain on Thursday, Bitcoin ended the day at $49,924.0.\nA mixed start to the day saw Bitcoin fell to an early morning intraday low $48,877.0 before making a move.\nSteering clear of the first major support level at $47,123, Bitcoin rallied to a mid-afternoon intraday high $51,512.0.\nWhile falling short of the first major resistance level at $51,855, Bitcoin broke back through the 23.6% FIB of $50,473.\nA second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to sub-$50,000 levels.\nThe near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish day on Friday.\nPolkadot surged by 19.60% to lead the way.\nBinance Coin(+5.64%),Bitcoin Cash SV(+9.93%),Chainlink(+8.00%),Crypto.com Coin(+7.56%), andEthereum(+9.71%) also found strong support.\nCardano’s ADA(+4.16%),Litecoin(+2.63%), andRipple’s XRP(+2.98%) trailed the front runners, however.\nIn the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,295bn.\nBitcoin’s dominance rose to a Monday high 46.90% before falling to a Friday low 40.42%. At the time of writing, Bitcoin’s dominance stood at 40.73%.\nAt the time of writing, Bitcoin was up by 0.31% to $50,079.8. A mixed start to the day saw Bitcoin fall to an early morning low $49,884.0 before rising to a high $50,388.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nPolkadot (-2.97%), Crypto.Com Coin (-1.85%), and Ripple’s XRP (-0.06%) saw red early on.\nIt was a relatively bullish start for the rest of the majors, however.\nAt the time of writing, Chainlink was up by 0.71% to lead the way.\nBitcoin would need to move back through the pivot level at $50,104 to support a run at the 23.6% FIB of $50,473 and the first major resistance level at $51,332.\nSupport from the broader market would be needed for Bitcoin to break back through to $51,000 levels.\nBarring an extended crypto rally, the first major resistance level and Friday’s high $51,512.0 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $52,739.\nFailure to move back through the pivot at $50,104 would bring the first major support level at $48,697 into play.\nBarring another extended sell-off on the day, Bitcoin should steer clear of sub-$48,000 levels. The second major support level at sits $47,469.\nThisarticlewas originally posted on FX Empire\n• Gold Weekly Price Forecast – Gold Markets Pressing Major Downtrend Line\n• European Equities: A Week in Review – 14/05/21\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Bounce Around In Triangle\n• Target Could Hit New All-Time High on Strong Q1 Earnings\n• Natural Gas Weekly Price Forecast – Natural Gas Markets Continue to Show Hesitation\n• Silver Weekly Price Forecast – Silver Markets Pullback but Find Buyers', 'Bitcoin , BTC to USD, rose by 0.35% on Friday. Following on from a 0.34% gain on Thursday, Bitcoin ended the day at $49,924.0. A mixed start to the day saw Bitcoin fell to an early morning intraday low $48,877.0 before making a move. Steering clear of the first major support level at $47,123, Bitcoin rallied to a mid-afternoon intraday high $51,512.0. While falling short of the first major resistance level at $51,855, Bitcoin broke back through the 23.6% FIB of $50,473. A second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to sub-$50,000 levels. The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Friday. Polkadot surged by 19.60% to lead the way. Binance Coin (+5.64%), Bitcoin Cash SV (+9.93%), Chainlink (+8.00%), Crypto.com Coin (+7.56%), and Ethereum (+9.71%) also found strong support. Cardano’s ADA (+4.16%), Litecoin (+2.63%), and Ripple’s XRP (+2.98%) trailed the front runners, however. In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,295bn. Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Friday low 40.42%. At the time of writing, Bitcoin’s dominance stood at 40.73%. This Morning At the time of writing, Bitcoin was up by 0.31% to $50,079.8. A mixed start to the day saw Bitcoin fall to an early morning low $49,884.0 before rising to a high $50,388.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Polkadot (-2.97%), Crypto.Com Coin (-1.85%), and Ripple’s XRP (-0.06%) saw red early on. It was a relatively bullish start for the rest of the majors, however. At the time of writing, Chainlink was up by 0.71% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $50,104 to support a run at the 23.6% FIB of $50,473 and the first major resistance level at $51,332. Support from the broader market would be needed for Bitcoin to break back through to $51,000 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $51,512.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $52,739. Failure to move back through the pivot at $50,104 would bring the first major support level at $48,697 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$48,000 levels. The second major support level at sits $47,469. This article was originally posted on FX Empire More From FXEMPIRE: Gold Weekly Price Forecast – Gold Markets Pressing Major Downtrend Line European Equities: A Week in Review – 14/05/21 Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Bounce Around In Triangle Target Could Hit New All-Time High on Strong Q1 Earnings Natural Gas Weekly Price Forecast – Natural Gas Markets Continue to Show Hesitation Silver Weekly Price Forecast – Silver Markets Pullback but Find Buyers', 'Money transfer companyMoneyGram International, Inc.(MGI) and Coinme, the largest licensed cryptocurrency cash exchange in the United States, have forged an alliance.\nThe company will provide its API driven payment network to Coinme, which will be used to buy and sell the digital currency in cash.\nFor now, the service will be available at thousands of MoneyGram’s brick-and-mortar locations across the country. Gradually, the service will be expanded globally.\nWith all the buzz around cryptocurrency and a marked rise in its value might lure investors to put money on cryptocurrency. MoneyGram’s wider reach will be an easy source to buy crypto to invest in.\nOther financial services firms likePayPal Holdings, Inc.PYPL, Visa Inc. V,MasterCard IncorporatedMA and others also made multiple strategic moves in the crypto space.\nPayPal allows U.S customers to pay merchants globally using four different crypto currencies. Moreover, Mastercard enables companies to accept cryptocurrency payments on its network. Besides,Global Payments Inc.GPN partnered with BitPay to allow merchants to accept Bitcoins. However, the legendary Warren Buffett calls cryptocurrencies "risky" and "worthless.\nPrice of Bitcoin, the most popular of crypto, increased this year after finding support in Elon Musk and Jack Dorsey. But the last trading day robbed some of its sheen after Elon Musk stated that his company Tesla will stop accepting it for car purchases, citing environmental damages that Bitcoin mining causes.\nMoneyGram’s decision to utilize its infrastructure for crypto transactions will help it monetize its already developed asset. This will also provide additional avenues of revenue diversification. There are numerous companies that accept crypto as a valid form of payment.\nMoneyGram tried its hands at crypto by partnering with Ripple in 2019. The deal allowed the company to use Ripple\'s product XRP for cross-border payment and foreign exchange settlement. The partnership came to an end after regulators charged Ripple for conducting a $1.3-billion illegal securities offering. Ripple and MoneyGram might see each other in the future.\nIf you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportMastercard Incorporated (MA) : Free Stock Analysis ReportVisa Inc. (V) : Free Stock Analysis ReportGlobal Payments Inc. (GPN) : Free Stock Analysis ReportPayPal Holdings, Inc. (PYPL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research', 'Money transfer company MoneyGram I
**Last 60 Days of Bitcoin's Closing Prices:**
[56804.90, 58870.89, 57858.92, 58346.65, 58313.64, 57523.42, 54529.14, 54738.95, 52774.27, 51704.16, 55137.31, 55973.51, 55950.75, 57750.20, 58917.69, 58918.83, 59095.81, 59384.31, 57603.89, 58758.55, 59057.88, 58192.36, 56048.94, 58323.95, 58245.00, 59793.23, 60204.96, 59893.45, 63503.46, 63109.70, 63314.01, 61572.79, 60683.82, 56216.18, 55724.27, 56473.03, 53906.09, 51762.27, 51093.65, 50050.87, 49004.25, 54021.75, 55033.12, 54824.70, 53555.11, 57750.18, 57828.05, 56631.08, 57200.29, 53333.54, 57424.01, 56396.52, 57356.40, 58803.78, 58232.32, 55859.80, 56704.57, 49150.54, 49716.19, 49880.54]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-05-15
**Financial & Commodity Data:**
- Gold Closing Price: $1837.90
- Crude Oil Closing Price: $65.37
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $899,836,936,528
- Hash Rate: 153143321.1195184
- Transaction Count: 232099.0
- Unique Addresses: 646899.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.27
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Here are four stocks with buy rank and strong value characteristics for investors to consider today, April 5th:
Summit Financial Group, Inc.(SMMF): This company that operates thirteen banking locations through its three wholly owned subsidiary banks, Summit Community Bank, Capital State Bank, Inc. and Shenandoah Valley National Bank has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 28.3% over the last 60 days.
Summit Financial Group, Inc. price-consensus-chart | Summit Financial Group, Inc. Quote
Summit Financial Group has a price-to-earnings ratio (P/E) of 8.83, compared with 13.70 for the industry. The company possesses a Value Score of B.
Summit Financial Group, Inc. pe-ratio-ttm | Summit Financial Group, Inc. Quote
Century Communities, Inc.(CCS): This home building and construction company has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 31.9% over the last 60 days.
Century Communities, Inc. price-consensus-chart | Century Communities, Inc. Quote
Century Communities has a price-to-earnings ratio (P/E) of 7.57, compared with 10.80 for the industry. The company possesses a Value Score of A.
Century Communities, Inc. pe-ratio-ttm | Century Communities, Inc. Quote
Triton International Limited(TRTN): This company that offers acquisition, leasing, re-leasing, and sale of intermodal containers has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 21.4% over the last 60 days.
Triton International Limited price-consensus-chart | Triton International Limited Quote
Triton International has a price-to-earnings ratio (P/E) of 7.73, compared with 46.20 for the industry. The company possesses a Value Score of A.
Triton International Limited pe-ratio-ttm | Triton International Limited Quote
Stewart Information Services Corporation(STC): This company whose primary business is title insurance has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 24.8% over the last 60 days.
Stewart Information Services Corporation price-consensus-chart | Stewart Information Services Corporation Quote
Stewart Information Services has a price-to-earnings ratio (P/E) of 8.49, compared with 17.80 for the industry. The company possesses a Value Score of A.
Stewart Information Services Corporation pe-ratio-ttm | Stewart Information Services Corporation Quote
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportTriton International Limited (TRTN) : Free Stock Analysis ReportStewart Information Services Corporation (STC) : Free Stock Analysis ReportSummit Financial Group, Inc. (SMMF) : Free Stock Analysis ReportCentury Communities, Inc. (CCS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
46456.06, 43537.51, 42909.40, 37002.44, 40782.74, 37304.69, 37536.63, 34770.58, 38705.98, 38402.22
|
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