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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:**
['Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP Ethereum Ethereum fell by 1.07% on Wednesday. Partially reversing a 4.16% rally from Tuesday, Ethereum ended the day at $4,587. A bullish morning saw Ethereum rise to a late morning intraday high $4,785 before hitting reverse. Falling short of the first major resistance level at $4,812, Ethereum slid to a late intraday low $4,527. Steering clear of the first major support level at $4,404, however, Ethereum found support to end the day at $4,500 levels. At the time of writing, Ethereum was down by 0.04% to $4,585. A mixed start to the day saw Ethereum rise to an early morning high $4,589 before falling to a low $4,563. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $4,633 pivot to bring the first major resistance level at $4,739 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,700 levels. Barring an extended rally, the first major resistance level and Tuesday\x92s high $4,785 should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at the ATH $4,868 before any pullback. The second major resistance level sits at $4,890. Failure to move through the $4,633 pivot would bring the first major support level at $4,481 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,300 levels. The second major support level at $4,375 should limit the downside. Looking at the Technical Indicators First Major Support Level: $4,481 Pivot Level: $4,633 First Major Resistance Level: $4,739 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin rose by 0.43% on Wednesday. Following a 1.05% gain on Tuesday, Litecoin ended the day at $208.91. A bullish start to the day saw Litecoin rise to an early afternoon intraday high $217.97 before hitting reverse. Falling short of the first major resistance level at $220, Litecoin slid to a late intraday low $205.29. Story continues Steering clear of the first major support level at $197, however, Litecoin moved back through to $208 levels to end the day in the green. At the time of writing, Litecoin was down by 0.26% to $208.37. A mixed start to the day saw Litecoin rise to an early morning high $209.18 before falling to a low $208.19. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $211 pivot to bring the first major resistance level at $216 into play. Support from the broader market would be needed, however, for Litecoin to break back through to $215 levels. Barring an extended crypto rally, the first major resistance level and Wednesday\x92s high $217.97 would likely cap the upside. In the event of an extended rally, Litecoin could test the second major resistance level at $223 and the 38.2% FIB of $223 before any pullback. Failure to move through the $211 pivot would bring the first major support level at $204 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $198. Looking at the Technical Indicators First Major Support Level: $204 Pivot Level: $211 First Major Resistance Level: $216 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP fell by 0.66% on Wednesday. Partially reversing a 0.86% gain from Tuesday, Ripple\x92s XRP ended the day at $0.9912. A mixed morning saw Ripple\x92s XRP rise to a late morning intraday high $1.0178 before hitting reverse. Falling short of the first major resistance level at $1.0292, Ripple\x92s XRP slid to a late intraday low $0.9808. Steering clear of the first major support level at $0.9707, Ripple\x92s XRP found support to end the day at $0.99 levels. At the time of writing, Ripple\x92s XRP was down by 0.54% to $0.9858. A bearish start to the day saw Ripple\x92s XRP fall from an early morning high $0.9901 to a low $0.9858. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP would need to move through the $0.9966 pivot to bring the first major resistance level at $1.0123 into play. Support would be needed, however, for Ripple\x92s XRP to break back through to $1.00 levels.. Barring an extended crypto rally, the first major resistance level and Wednesday\x92s high $1.0178 would likely cap the upside. In the event of a broad-based crypto rally, Ripple\x92s XRP could test resistance at the 38.2% FIB of $1.0659 before any pullback. The second major resistance level sits at $1.0335. Failure to move through the $0.9966 pivot would bring first major support level at $0.9754 into play. Barring an extended sell-off, however, Ripple\x92s XRP should avoid sub-$0.95 levels. The second major support level at $0.9597 should limit the downside. Looking at the Technical Indicators First Major Support Level: $0.9754 Pivot Level: $0.9966 First Major resistance Level: $1.0123 23.6% FIB Retracement Level: $0.8533 38.2% FIB Retracement Level: $1.0659 62% FIB Retracement Level: $1.4096 This article was originally posted on FX Empire More From FXEMPIRE: Organic Soybean Prices Rise as Indian Organic Soybean Meal Imports Drop The Crypto Daily \x96 Movers and Shakers \x96 December 2nd, 2021 E-mini S&P 500 Index (ES) Futures Technical Analysis \x96 Momentum Sellers May Be Targeting 4443.50 \x96 4428.75 Shiba Inu Coin \x96 Daily Tech Analysis \x96 December 2nd, 2021 Ethereum, Litecoin, and Ripple\x92s XRP \x96 Daily Tech Analysis \x96 December 2nd, 2021 ASX200: Australian Trade in Focus as the Markets Look to Shake Off COVID-19 Woes', 'Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Bitcoin , BTC to USD, rose by 0.44% on Wednesday. Partially reversing a 1.51% gain from Tuesday, Bitcoin ended the day at $57,249. After a mixed morning, Bitcoin rose to a late afternoon intraday high $59,055 before hitting reverse. Bitcoin broke through the first major resistance level at $58,794 before sliding to a late intraday low $56,505. Steering clear of the first major support level at $55,519, however, Bitcoin moved back through to $57,200 levels and into the green. The near-term bullish trend remained intact, in spite of the latest pullback to sub-$54,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 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. Polkadot slid by 3.53% to lead the way down. Bitcoin Cash SV (-1.17%), Cardano’s ADA (-0.45), Ethereum (-1.07%) and Ripple’s XRP (-0.66%) also saw red. Crypto.com Coin rallied by 7.78% to lead the way, however, with Binance Coin (+0.85%), Chainlink (+0.07%), and Litecoin (+0.43%) also finding support. In the current week, the crypto total market fell to a Tuesday low $2,490bn before rising to a Wednesday high $2,712bn. At the time of writing, the total market cap stood at $2,578bn. Bitcoin’s dominance rose to a Monday high 43.01% before falling to a Wednesday low 41.17%. At the time of writing, Bitcoin’s dominance stood at 41.75%. This Morning At the time of writing, Bitcoin was down by 0.48% to $56,965. A bearish start to the day saw Bitcoin fall from an early morning high $57,239 to a low $56,941. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bearish start to the day. At the time of writing, Crypto.com Coin was down by 5.31% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the $57,600 pivot to bring the first major resistance level at $58,695 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $58,500 levels. Story continues Barring an extended crypto rally, the first major resistance level and Wednesday’s high $59,055 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $61,000 levels before easing back. The second major resistance level sits at $60,150. Failure to move through the $57,600 pivot would bring the first major support level at $56,145 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level at $55,050 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: Shares of Goldman Sachs Dip Despite Unveiling Amazon-Backed Cloud Service Silver Price Prediction – Prices Fall Following Moving Average Crossover European Equities: Unemployment and COVID-19 in Focus ahead of U.S Jobless Claims The Crypto Daily – Movers and Shakers – December 2nd, 2021 Economic Data Puts the EUR and the USD in Focus, with COVID-19 News Updates also Key E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Sustained Move Under 34214 is Bearish', 'Bitcoin, BTC to USD, rose by 0.44% on Wednesday. Partially reversing a 1.51% gain from Tuesday, Bitcoin ended the day at $57,249.\nAfter a mixed morning, Bitcoin rose to a late afternoon intraday high $59,055 before hitting reverse. Bitcoin broke through the first major resistance level at $58,794 before sliding to a late intraday low $56,505.\nSteering clear of the first major support level at $55,519, however, Bitcoin moved back through to $57,200 levels and into the green.\nThe near-term bullish trend remained intact, in spite of the latest pullback to sub-$54,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Monday.\nPolkadot slid by 3.53% to lead the way down.\nBitcoin Cash SV(-1.17%),Cardano’s ADA(-0.45),Ethereum(-1.07%) andRipple’s XRP(-0.66%) also saw red.\nCrypto.com Coinrallied by 7.78
**Last 60 Days of Bitcoin's Closing Prices:**
[48199.95, 49112.90, 51514.81, 55361.45, 53805.98, 53967.85, 54968.22, 54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-02
**Financial & Commodity Data:**
- Gold Closing Price: $1760.70
- Crude Oil Closing Price: $66.50
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,060,465,887,112
- Hash Rate: 172098304.91522342
- Transaction Count: 313261.0
- Unique Addresses: 781370.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.32
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: KraneShares’ latest offering in the ETF space is an amalgamation of its existing China funds covering a range of the country’s research-and-development-heavy industries.
TheKraneShares China Innovation ETF (KGRO)launched on the NYSE Arca Thursday with an expense ratio of 0.99%. That fee accounts for the 73 basis points of weighted expenses of the underlying ETFs, along with 26 basis points in management fees and other costs.
The fund is actively managed, but fully transparent.
KGRO will put 85% of its assets in five of its existing China ETFs on a weighted basis and move those weights around based on market conditions. The other 15% to invest in privately held companies are expected to make an initial public offering.
KraneShares Chief Investment Officer Brendan Ahern said the idea for the ETF originated as a way to bundle the firm’s China strategies for investors or financial advisors who aren’t actively managing portfolios day to day.
He also said a combination of themes in the country coincided with the plan to invest in companies as they debut in Hong Kong, or in domestic exchanges like the Shenzhen Stock Exchange, the Shanghai Stock Exchange or the tech-focused STAR Market.
“Why not make best efforts to start participating in these IPOs if they can provide significant upside? We want to be able to take advantage of that on behalf of our shareholders,” he said.
The initial weights in each ETF as of launch are as follows:
[{"Ticker": "KWEB", "Fund": "KraneShares CSI China Internet ETF", "Weight": "30%", "YTD Return": "-41.62%"}, {"Ticker": "KURE", "Fund": "KraneShares MSCI All China Health Care Index ETF", "Weight": "25%", "YTD Return": "-7.09%"}, {"Ticker": "KGRN", "Fund": "KraneShares MSCI China Clean Technology ETF", "Weight": "20%", "YTD Return": "-3.53%"}, {"Ticker": "KFVG", "Fund": "KraneShares CICC China 5G & Semiconductor ETF", "Weight": "15%", "YTD Return": "-12.20%"}, {"Ticker": "KSTR*", "Fund": "KraneShares SSE STAR Market 50 Index ETF", "Weight": "10%", "YTD Return": "-6.00%"}]
*KSTR has not traded for a full 12 months. Its net asset value is used in lieu.
All of the ETFs underlying KGRO have posted negative year-to-date returns. The biggest cause of the turbulence is from Beijing itself, which opened a sweeping series of probes and crackdowns on sectors ranging from big tech to after-school tutoring firms as part of afive-year planto reorganize the country further under government rule.
In KWEB’s case, asecurity reviewof ride-hailing app Didi after it debuted on the New York Stock Exchange was the precursor to deep sell-offs in mid-July in Chinese internet giants like Alibaba and Tencent.
Contact Dan Mika [email protected], and follow him onTwitter
Recommended Stories
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• Innovator: Managing Today’s Investment Risks
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• Hot Reads: ARK, 21Shares File For Bitcoin Futures ETF
Permalink| © Copyright 2021ETF.com.All rights reserved...
- Reddit Posts (Sample): []...
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.
|
53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34
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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:**
['Ethereumfell by 1.58% on Thursday. Following a 1.07% loss on Wednesday, Ethereum ended the day at $4,514.\nA mixed morning saw Ethereum fall to an early morning low $4,455 before finding support. Ethereum fell through the first major support level at $4,481 before rallying to a mid-afternoon intraday high $4,637.\nFalling well short of the first major resistance level at $4,739, however, Ethereum slid to a late afternoon intraday low $4,435. Ethereum fell back through the first major support level before ending the day at $4,500 levels.\nAt the time of writing, Ethereum was up by 0.08% to $4,518. A mixed start to the day saw Ethereum rise to an early morning high $4,520 before falling to a low $4,507.\nEthereum left the major support and resistance levels untested early on.\nEthereum would need to move through the $4,529 pivot to bring the first major resistance level at $4,623 into play.\nSupport from the broader market would be needed, however, for Ethereum to break back through to $4,600 levels. Barring an extended rally, the first major resistance level and Thursday’s high $4,637 should limit the upside.\nIn the event of a broad-based crypto rally, Ethereum could test resistance at the ATH $4,868 before any pullback. The second major resistance level sits at $4,731.\nFailure to move through the $4,529 pivot would bring the first major support level at $4,421 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,300 levels. The second major support level at $4,327 should limit the downside.\nFirst Major Support Level: $4,421\nPivot Level: $4,529\nFirst Major Resistance Level: $4,623\n23.6% FIB Retracement Level: $3,738\n38.2% FIB Retracement Level: $3,039\n62% FIB Retracement Level: $1,909\nLitecoinfell by 2.56% on Thursday. Reversing a 0.43% gain from Wednesday, Litecoin ended the day at $203.63.\nA mixed start to the day saw Litecoin rise to an early morning intraday high $210.29 before hitting reverse. Falling short of the first major resistance level at $216, Litecoin slid to an early morning intraday low $200.14.\nLitecoin fell through the first major support level at $204, however, before briefly revisiting $207 levels. A bearish end to the day, however, saw Litecoin fall back through the first major support level to end the day at $203 levels.\nAt the time of writing, Litecoin was up by 0.01% to $203.65. A range-bound start saw Litecoin rise to an early morning high $203.86 before falling to a low $203.20.\nLitecoin left the major support and resistance levels untested early on.\nLitecoin would need to move through the $205 pivot to bring the first major resistance level at $209 into play. Support from the broader market would be needed, however, for Litecoin to break back through to $209 levels.\nBarring an extended crypto rally, the first major resistance level and Thursday’s high $210.29 would likely cap the upside.\nIn the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $215.\nFailure to move through the $205 pivot would bring the first major support level at $199 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$195 levels. The second major support level at $195 should limit the downside.\nFirst Major Support Level: $199\nPivot Level: $205\nFirst Major Resistance Level: $209\n23.6% FIB Retracement Level: $178\n38.2% FIB Retracement Level: $223\n62% FIB Retracement Level: $296\nRipple’s XRPfell by 1.73% on Thursday. Following a 0.66% loss on Wednesday, Ripple’s XRP ended the day at $0.97298.\nA bearish morning saw Ripple’s XRP fall from an early morning intraday high $0.9901 to an early morning intraday low $0.9573. While falling short of the first major resistance level at $1.0123, Ripple’s XRP fell through the first major support level at $0.9754.\nFinding support at the second major support level at $0.9597, however, Ripple’s XRP revisited $0.984 levels before easing back.\nAt the time of writing, Ripple’s XRP was down by 0.17% to $0.9713. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.9735 before falling to a low $0.9702.\nRipple’s XRP left the major support and resistance levels untested early on.\nRipple’s XRP would need move through the $0.9735 pivot to bring the first major resistance level at $0.9896 into play.\nSupport would be needed, however, for Ripple’s XRP to break back through to $0.985 levels. Barring an extended crypto rally, the first major resistance level and Thursday’s high $0.9901 would likely cap the upside.\nIn the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.03 levels before any pullback. The second major resistance level sits at $1.0062.\nFailure to move through the $0.9735 pivot would bring first major support level at $0.9568 into play. Barring an extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.9407.\nFirst Major Support Level: $0.9568\nPivot Level: $0.9735\nFirst Major resistance Level: $0.9896\n23.6% FIB Retracement Level: $0.8533\n38.2% FIB Retracement Level: $1.0659\n62% FIB Retracement Level: $1.4096\nThisarticlewas originally posted on FX Empire\n• Metaverse Land Sales on Major Blockchains Surpass $100M in a Week\n• Asset Manager Fidelity to Launch Physical Spot Bitcoin ETF in Canada\n• Natural Gas Price Prediction – Prices Drop Down 25% for the Week\n• Silver Price Prediction – Prices Consolidate and Form Doji Day\n• Shiba Inu Coin – Daily Tech Analysis – December 3rd, 2021\n• LUNA Hits New All-Time High After Terra’s DeFi Milestone', 'Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP Ethereum Ethereum fell by 1.58% on Thursday. Following a 1.07% loss on Wednesday, Ethereum ended the day at $4,514. A mixed morning saw Ethereum fall to an early morning low $4,455 before finding support. Ethereum fell through the first major support level at $4,481 before rallying to a mid-afternoon intraday high $4,637. Falling well short of the first major resistance level at $4,739, however, Ethereum slid to a late afternoon intraday low $4,435. Ethereum fell back through the first major support level before ending the day at $4,500 levels. At the time of writing, Ethereum was up by 0.08% to $4,518. A mixed start to the day saw Ethereum rise to an early morning high $4,520 before falling to a low $4,507. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $4,529 pivot to bring the first major resistance level at $4,623 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,600 levels. Barring an extended rally, the first major resistance level and Thursday\x92s high $4,637 should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at the ATH $4,868 before any pullback. The second major resistance level sits at $4,731. Failure to move through the $4,529 pivot would bring the first major support level at $4,421 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,300 levels. The second major support level at $4,327 should limit the downside. Looking at the Technical Indicators First Major Support Level: $4,421 Pivot Level: $4,529 First Major Resistance Level: $4,623 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin fell by 2.56% on Thursday. Reversing a 0.43% gain from Wednesday, Litecoin ended the day at $203.63. Story continues A mixed start to the day saw Litecoin rise to an early morning intraday high $210.29 before hitting reverse. Falling short of the first major resistance level at $216, Litecoin slid to an early morning intraday low $200.14. Litecoin fell through the first major support level at $204, however, before briefly revisiting $207 levels. A bearish end to the day, however, saw Litecoin fall back through the first major support level to end the day at $203 levels. At the time of writing, Litecoin was up by 0.01% to $203.65. A range-bound start saw Litecoin rise to an early morning high $203.86 before falling to a low $203.20. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $205 pivot to bring the first major resistance level at $209 into play. Support from the broader market would be needed, however, for Litecoin to break back through to $209 levels. Barring an extended crypto rally, the first major resistance level and Thursday\x92s high $210.29 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $215. Failure to move through the $205 pivot would bring the first major support level at $199 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$195 levels. The second major support level at $195 should limit the downside. Looking at the Technical Indicators First Major Support Level: $199 Pivot Level: $205 First Major Resistance Level: $209 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP fell by 1.73% on Thursday. Following a 0.66% loss on Wednesday, Ripple\x92s XRP ended the day at $0.97298. A bearish morning saw Ripple\x92s XRP fall from an early morning intraday high $0.9901 to an early morning intraday low $0.9573. While falling short of the first major resistance level at $1.0123, Ripple\x92s XRP fell through the first major support level at $0.9754. Finding support at the second major support level at $0.9597, however, Ripple\x92s XRP revisited $0.984 levels before easing back. At the time of writing, Ripple\x92s XRP was down by 0.17% to $0.9713. A mixed start to the day saw Ripple\x92s XRP rise to an early morning
**Last 60 Days of Bitcoin's Closing Prices:**
[49112.90, 51514.81, 55361.45, 53805.98, 53967.85, 54968.22, 54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-03
**Financial & Commodity Data:**
- Gold Closing Price: $1782.00
- Crude Oil Closing Price: $66.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,074,430,801,238
- Hash Rate: 186532356.29521
- Transaction Count: 290139.0
- Unique Addresses: 738749.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.31
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Companies in Big Data Technology Market are Amazon.com, Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Infosys Limited, Software AG, Dell Technologies, Cisco Systems, Inc., Cloudera, Inc., SAS Institute, Salesforce.com, inc., Teradata Corporation, Tableau Software, Huawei Technologies Co., Ltd., Fujitsu Limited, The Hewlett-Packard Company, Prolifics, Inc., Xplenty, Clairvoyant LLC, Teradata Corporation, Deloitte Touche Tohmatsu Limited, EquBot Inc., CMIC Co., Ltd., Databricks, VMware, Inc., Dell Technologies
Pune, India, Nov. 18, 2021 (GLOBE NEWSWIRE) -- The globalbig data technology marketsize is projected to reachUSD116.07billionby the end of 2027. The increasing integration of AI and machine learning will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Big Data Technology Market Size, Share & COVID-19 Impact Analysis, By Offering (Solution and Services), By Deployment (On-premise, Cloud based, and Hybrid), By Application (Customer analytics, Operational Analytics, Fraud Detection and Compliance, Enterprise Data Warehouse Optimization, and Others), By End Use Industry (BFSI, Retail, Manufacturing, IT and Telecom, Government, Healthcare, Utility, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 41.33 billion in 2019 and will exhibit a CAGR of 14.0% during the forecast period, 2020-2027.
Get Sample PDF Brochure:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/big-data-technology-market-100144
List of key players inBig Data Technology Market:
• Amazon.com, Inc. (Washington, United States)
• IBM Corporation (New York, United States)
• Microsoft Corporation (New Mexico, United States)
• Oracle Corporation (California, United States)
• SAP SE (Weinheim, Germany)
• Infosys Limited (Bengaluru, India)
• Software AG (Darmstadt, Germany)
• Dell Technologies (Texas, United States)
• Cisco Systems, Inc. (California, United States)
• Cloudera, Inc. (California, United States)
• SAS Institute (North Carolina, United States)
• Salesforce.com, inc. (California, United States)
• Teradata Corporation (California, United States)
• Tableau Software (Washington, United States)
• Huawei Technologies Co., Ltd. (Shenzhen, China)
• Fujitsu Limited (Tokyo, Japan)
• The Hewlett-Packard Company (HPE) (California, United States)
• Prolifics, Inc. (New York, United States)
• Xplenty (California, United States)
• Clairvoyant LLC (Arizona, United States)
• Teradata Corporation (California, United States)
• Deloitte Touche Tohmatsu Limited (London, United Kingdom)
• EquBot Inc. (California, United States)
• CMIC Co., Ltd. (Tokyo, Japan)
• Databricks (California, United States)
• VMware, Inc. (California, United States)
• Dell Technologies (Texas, United States)
Report Scope & Segmentation
[{"Report Coverage": "Forecast Period", "Details": "2020 to 2027"}, {"Report Coverage": "Forecast Period 2020 to 2027 CAGR", "Details": "14%"}, {"Report Coverage": "2027 Value Projection", "Details": "USD 116.07 Billion"}, {"Report Coverage": "Base Year", "Details": "2019"}, {"Report Coverage": "Market Size in 2019", "Details": "USD 41.33 Billion"}, {"Report Coverage": "Historical Data for", "Details": "2016 to 2018"}, {"Report Coverage": "No. of Pages", "Details": "160"}, {"Report Coverage": "Segments covered", "Details": "Offering, Deployment, Application, End-Use Industry and Geography"}, {"Report Coverage": "Growth Drivers", "Details": "Increasing Number of Product Innovations will Emerge in Favor of Market Growth"}, ["North America to Emerge Dominant; Increasing Adoption of Concepts such as AI and IoT will Emerge in Favor of Market Growth"], ["The presence of several large scale space big data vendors in the US will have a positive impact on the growth"], ["The increasing adoption of AI and machine learning adoption at an early stage will create several opportunities for market growth"], {"Report Coverage": "Pitfalls & Challenges", "Details": "COVID-19 Pandemic to Bring a Bag of Mixed Fortunes for Big Data Vendors"}]
Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit:https://www.fortunebusinessinsights.com/industry-reports/big-data-technology-market-100144
Big data is a combination of structured and unstructured data that is mostly collected by large scale as well as medium scale organizations across the world. This data is aimed at applications in machine learning algorithms and predictive analysis. The increasing internet penetration across the world coupled with the growing adoption of cloud-based platforms has resulted in a huge amount of data that is circulated over the internet. The introduction of artificial intelligence has completely transformed several large scale industry sectors across the world. The use of big data technology has pioneered this transformation in the past few years. The presence of several large scale big data technology companies across the world will have a positive impact on the growth of the overall market in the coming years.
The report on thebig data technologymarket contains:
• Future insights into the market
• In-depth study of the regions
• Product and brand strategies
• Factors enabling market growth
• Competitive landscape
• COVID-19 impact
Market Driver:
Increasing Number of Product Innovations Will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing applications of the product across diverse industry verticals, there is a healthy market competition. As a result, companies are looking to integrate concepts such as AI and machine learning with the aim of establishing a strong brand presence. In February 2020, Huawei Technologies announced the launch of a new storage solution. The company introduced ‘OceanStor 5G-Era,’ a product that will help enterprises cope with a massive expansion of data especially in the 5G era. The company claims that this product will be a huge step for those looking to upgrade their data infrastructures and ultimately towards the global digital transformation.
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COVID-19 Pandemic to Bring a Bag of Mixed Fortunes for Big Data Vendors
The recent coronavirus outbreak has had a negative impact on several industrial sectors across the world. Accounting to the rapid spread of the disease, governments in several countries have implemented strict measures to control the virus. These measures have restricted the growth of businesses to an extent that a few SMEs have been compelled to shut down. The COVID-19 pandemic has had a diverse impact on the big data technology market. Due to the increasing implementation of work from home policies for employees of all major organizations across the world, there has been a surge in the volume of online data. While this has given a platform for big data vendors, the lack of workforce and confined capital budgets of IT businesses will restrict the growth of the market.
Regional Analysis:
North America to Emerge Dominant; Increasing Adoption of Concepts such as AI and IoT will Emerge in Favor of Market Growth
The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in North America is expected to hold the largest market share in the coming years. The presence of several large scale space big data vendors in the US will have a positive impact on the growth of the market in the coming years. The increasing adoption of AI and machine learning adoption at an early stage will create several opportunities for market growth. As of 2019, the market in North America was worth USD 18.48 billion and this value is projected to rise at a considerable pace in the coming years. Besides North America, the market in Asia Pacific will rise at a considerable pace driven by the massive internet use and increasing smartphone penetration in several countries across this region.
Industry Developments:
June 2020: -The National Highway Authority of India (NHAI) introduced a unique artificial intelligence (AI) powered and cloud-based big data analytics platform – “Data Lake and Project Management Software”. The aim is to offer fully digitalized platform to improve customer experience.
Quick Buy –Big Data Technology MarketResearch Report:https://www.fortunebusinessinsights.com/checkout-page/100144
Major Table of Contents:
• IntroductionDefinition, By SegmentResearch Methodology/ApproachData Sources
• Executive Summary
• Market DynamicsMacro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19Short-term ImpactLong-term Impact
• Competition LandscapeBusiness Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPorter’s Five Force AnalysisGlobal Big Data Technology Key Players Market Share Analysis and Matrix, 2019
• Key Market Insights and Analysis, By Segments
• Global Big Data Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027By Offering (Value)SolutionServicesBy Deployment (Value)On-PremiseCloudHybridBy Application (Value)Customer AnalyticsOperational AnalyticsFraud Detection and ComplianceEnterprise Data Warehouse OptimizationOthers (Data Analytics, etc.)By End-Use Industry (Value)BFSIRetailManufacturingIT and TelecomGovernmentHealthcareUtilityOthers (Education, etc.)By Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin America
• North America Big Data Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027By Offering (Value)SolutionServices
TOC Continued…!
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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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49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48
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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:**
["PALO ALTO, Calif., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Bitcoin Latinum (LTNM), the next generation, insured, asset-backed cryptocurrency, hosted GENESIS, a massive sold-out party on Wednesday, December 1st at Mr. Jones in Miami during Art Basel, in partnership with TapStats Inc. A-list rap superstar Quavo of Migos performed, along with Grammy-nominated rapper Tory Lanez. The exclusive, celebrity packed Bitcoin Latinum event was hosted by founders Dr. Don Basile (Bitcoin Latinum) and Sensei Paul Misir (TapStats), and joined by MMA superstar Jorge Masvidal, Paige VanZant, Anthony Pettis, 16 time World Series of Poker champion Phil Hellmuth, wall street leaders, crypto whales, several founders of the top cryptocurrencies, and over 40 leading Instagram model influencers. Bitcoin Latinum's star studded event dominated the Art Basel party scene, as the sky rocketing cryptocurrency was celebrating the launch of its historic bitcoin-based NFT marketplace. Unico, in partnership with Bitcoin Latinum, is launching an NFT marketplace called UnicoNFT, that features thousands of digital artworks that can be bought and sold exclusively with Bitcoin (BTC) and Bitcoin Latinum (LTNM). This is the world's first platform that enables the option of buying, selling and trading NFTs using cryptocurrencies other than Ethereum type currencies. Using a patent pending technology, Unico provides ways to purchase NFTs using Bitcoin and Bitcoin Latinum. Bitcoin Latinum currently trades publicly on HitBTC, DigiFinex, Hotbit, AAX, LBank, XT.com, and FMFW (formerly bitcoin.com) exchanges, under the ticker LTNM. Monsoon Blockchain, Bitcoin Latinum's lead developer, has announced plans for Bitcoin Latinum to officially list on 10 top-tier public exchanges. In addition to DigiFinex, HitBTC, Hotbit, AAX, LBank, XT.com, and FMFW, the exchanges are: Changelly ($2.71 billion in daily volume), Changelly Pro, and Bitmart ($1.6 billion in daily volume) by the end of 2021. Bitcoin Latinum (LTNM) can now be researched on CoinBase, Coin Market Cap, and Coin Gecko. Story continues Monsoon Blockchain Corporation, an innovative blockchain company based in Palo Alto, California, was selected by Bitcoin Latinum as its foundation partner. Monsoon Blockchain recently began operations in Miami, the crypto capital of the world. Monsoon is focused on innovative cloud solutions in the blockchain ecosystem, leveraging the latest blockchain technology to develop powerful business solutions that allow the successful digitization of and listing of assets across a variety of industries, including financial services, telecommunications, and media and entertainment. For more information about Bitcoin Latinum, please visit https://bitcoinlatinum.com Media contact Brand: Bitcoin Latinum Contact: Kai Okada, Director of Communications E-mail: [email protected] Website: https://bitcoinlatinum.com/ Address: 2100 Geng Road, Palo Alto, California 94303, USA Telephone: +1 800-528-0985 SOURCE : Bitcoin Latinum Foundation", "PALO ALTO, Calif., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Bitcoin Latinum (LTNM), the next generation, insured, asset-backed cryptocurrency, hosted GENESIS, a massive sold-out party on Wednesday, December 1st at Mr. Jones in Miami during Art Basel, in partnership with TapStats Inc. A-list rap superstar Quavo of Migos performed, along with Grammy-nominated rapper Tory Lanez.\nThe exclusive, celebrity packed Bitcoin Latinum event was hosted by founders Dr. Don Basile (Bitcoin Latinum) and Sensei Paul Misir (TapStats), and joined by MMA superstar Jorge Masvidal, Paige VanZant, Anthony Pettis, 16 time World Series of Poker champion Phil Hellmuth, wall street leaders, crypto whales, several founders of the top cryptocurrencies, and over 40 leading Instagram model influencers.\nBitcoin Latinum's star studded event dominated the Art Basel party scene, as the sky rocketing cryptocurrency was celebrating the launch of its historic bitcoin-based NFT marketplace.\nUnico, in partnership with Bitcoin Latinum, is launching an NFT marketplace called UnicoNFT, that features thousands of digital artworks that can be bought and sold exclusively with Bitcoin (BTC) and Bitcoin Latinum (LTNM). This is the world's first platform that enables the option of buying, selling and trading NFTs using cryptocurrencies other than Ethereum type currencies. Using a patent pending technology, Unico provides ways to purchase NFTs using Bitcoin and Bitcoin Latinum.\nBitcoin Latinum currently trades publicly on HitBTC, DigiFinex, Hotbit, AAX, LBank, XT.com, and FMFW (formerly bitcoin.com) exchanges, under the ticker LTNM. Monsoon Blockchain, Bitcoin Latinum's lead developer, has announced plans for Bitcoin Latinum to officially list on 10 top-tier public exchanges. In addition to DigiFinex, HitBTC, Hotbit, AAX, LBank, XT.com, and FMFW, the exchanges are: Changelly ($2.71 billion in daily volume), Changelly Pro, and Bitmart ($1.6 billion in daily volume) by the end of 2021. Bitcoin Latinum (LTNM) can now be researched on CoinBase, Coin Market Cap, and Coin Gecko.\nMonsoon Blockchain Corporation, an innovative blockchain company based in Palo Alto, California, was selected by Bitcoin Latinum as its foundation partner. Monsoon Blockchain recently began operations in Miami, the crypto capital of the world.\nMonsoon is focused on innovative cloud solutions in the blockchain ecosystem, leveraging the latest blockchain technology to develop powerful business solutions that allow the successful digitization of and listing of assets across a variety of industries, including financial services, telecommunications, and media and entertainment.\nFor more information about Bitcoin Latinum, please visithttps://bitcoinlatinum.com\nMedia contact\nBrand: Bitcoin Latinum\nContact: Kai Okada, Director of Communications\nE-mail: [email protected]\nWebsite:https://bitcoinlatinum.com/\nAddress: 2100 Geng Road, Palo Alto, California 94303, USA\nTelephone: +1 800-528-0985\nSOURCE: Bitcoin Latinum Foundation", "PALO ALTO, Calif., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Bitcoin Latinum (LTNM), the next generation, insured, asset-backed cryptocurrency, hosted GENESIS, a massive sold-out party on Wednesday, December 1st at Mr. Jones in Miami during Art Basel, in partnership with TapStats Inc. A-list rap superstar Quavo of Migos performed, along with Grammy-nominated rapper Tory Lanez.\nThe exclusive, celebrity packed Bitcoin Latinum event was hosted by founders Dr. Don Basile (Bitcoin Latinum) and Sensei Paul Misir (TapStats), and joined by MMA superstar Jorge Masvidal, Paige VanZant, Anthony Pettis, 16 time World Series of Poker champion Phil Hellmuth, wall street leaders, crypto whales, several founders of the top cryptocurrencies, and over 40 leading Instagram model influencers.\nBitcoin Latinum's star studded event dominated the Art Basel party scene, as the sky rocketing cryptocurrency was celebrating the launch of its historic bitcoin-based NFT marketplace.\nUnico, in partnership with Bitcoin Latinum, is launching an NFT marketplace called UnicoNFT, that features thousands of digital artworks that can be bought and sold exclusively with Bitcoin (BTC) and Bitcoin Latinum (LTNM). This is the world's first platform that enables the option of buying, selling and trading NFTs using cryptocurrencies other than Ethereum type currencies. Using a patent pending technology, Unico provides ways to purchase NFTs using Bitcoin and Bitcoin Latinum.\nBitcoin Latinum currently trades publicly on HitBTC, DigiFinex, Hotbit, AAX, LBank, XT.com, and FMFW (formerly bitcoin.com) exchanges, under the ticker LTNM. Monsoon Blockchain, Bitcoin Latinum's lead developer, has announced plans for Bitcoin Latinum to officially list on 10 top-tier public exchanges. In addition to DigiFinex, HitBTC, Hotbit, AAX, LBank, XT.com, and FMFW, the exchanges are: Changelly ($2.71 billion in daily volume), Changelly Pro, and Bitmart ($1.6 billion in daily volume) by the end of 2021. Bitcoin Latinum (LTNM) can now be researched on CoinBase, Coin Market Cap, and Coin Gecko.\nMonsoon Blockchain Corporation, an innovative blockchain company based in Palo Alto, California, was selected by Bitcoin Latinum as its foundation partner. Monsoon Blockchain recently began operations in Miami, the crypto capital of the world.\nMonsoon is focused on innovative cloud solutions in the blockchain ecosystem, leveraging the latest blockchain technology to develop powerful business solutions that allow the successful digitization of and listing of assets across a variety of industries, including financial services, telecommunications, and media and entertainment.\nFor more information about Bitcoin Latinum, please visithttps://bitcoinlatinum.com\nMedia contact\nBrand: Bitcoin Latinum\nContact: Kai Okada, Director of Communications\nE-mail: [email protected]\nWebsite:https://bitcoinlatinum.com/\nAddress: 2100 Geng Road, Palo Alto, California 94303, USA\nTelephone: +1 800-528-0985\nSOURCE: Bitcoin Latinum Foundation", 'Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Bitcoin , BTC to USD, slid by 5.01% on Friday. Following a 1.26% loss on Thursday, Bitcoin ended the day at $53,687. After mixed morning, Bitcoin rose to an early afternoon intraday high $57,599 before hitting reverse. Coming up against the first major resistance level at $57,324, Bitcoin slid to a late intraday low $51,333. The extended sell-off saw Bitcoin fall through the day’s major support levels and the 23.6% FIB of $53,628. Finding late support, however, Bitcoin broke back through the third major support level at $53,487 and the 23.6% FIB to end the day at $53,600 levels. The near-term bullish trend remained intact, in spite of the latest pullback to $51,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Friday. Car
**Last 60 Days of Bitcoin's Closing Prices:**
[51514.81, 55361.45, 53805.98, 53967.85, 54968.22, 54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-12-04
**Financial & Commodity Data:**
- Gold Closing Price: $1782.00
- Crude Oil Closing Price: $66.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $999,714,918,788
- Hash Rate: 172098304.91522342
- Transaction Count: 253674.0
- Unique Addresses: 697287.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: oil drilling rig Getty Images The market continued its recent split, with cyclical sectors such as energy (+3.0%) and financials (+1.5%) building upon yesterday's gains while mega-cap technology and tech-esque stocks receded again. President Joe Biden on Tuesday announced the release of 50 million barrels of oil from the nation's strategic reserves to rein in high gas prices. And yet, U.S. crude oil futures jumped 2.3% to $78.50 per barrel, buoying most of the energy sector, especially exploration and production plays such as Occidental Petroleum ( OXY , +6.4%) and EOG Resources ( EOG , +5.8%). SEE MORE The 21 Best Stocks to Buy for the Rest of 2021 Michael Reinking, senior market strategist for the New York Stock Exchange, lays out three potential reasons for the counterintuitive move: "First, there is the 'sell the rumor, buy the news'; second, there is the belief that this will not have a long-term impact on prices; and lastly, there is some concern that this could lead to a showdown with OPEC+, who warned there would be a response if this action was taken," he says. Also Tuesday, IHS Market's flash purchasing managers' index for November showed slowing but still strong private-sector growth in November, with its reading declining to 56.5 from 57.6 in October. (Any reading above 50 indicates expansion.) Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice. Rising Treasury rates – the 10-year T-note's yield climbed to just under 1.67% – helped keep financials such as Bank of America ( BAC , +2.6%) and JPMorgan Chase ( JPM , +2.4%) aloft. But they weighed on tech names such as Advanced Micro Devices ( AMD , -1.7%) and Adobe ( ADBE , -1.3%). The end result was a 0.6% gain to 35,813 for the Dow Jones Industrial Average , and a more modest 0.2% improvement to 4,690 for the S&P 500 . Tech weakness, and a 4.1% shot to Tesla ( TSLA ), pulled the Nasdaq Composite 0.5% lower to 15,775. Story continues stock chart for 112321 YCharts Other news in the stock market today: The small-cap Russell 2000 declined 0.2% to 2,327. Gold futures notched a fourth straight loss, falling 1.2% to settle at $1,783.80 an ounce. Bitcoin finally gained some footing, rebounding 3.7% to $57,886.03. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.) Zoom Video Communications ( ZM ) slumped after the video conferencing company reported earnings after Monday's close. In its third quarter, ZM recorded adjusted earnings of $1.11 per share on $1.05 billion in revenue, both figures higher than analysts were expecting. However, "Revenue from customers with under 10 employees was down sequentially in the third quarter and should be again in the fourth quarter," says UBS analyst Karl Keirstead. He also pointed to concerns over deferred revenue for the fourth quarter, after Kelly Steckelberg, Zoom's chief financial officer, said in the earnings call that growth in this segment should fall to the mid-20s in Q4 after being up by 39% in Q3. While the analyst maintained his Neutral (Hold) rating on ZM, he joined several other firms in lowering his price target – specifically, to $250 from $285. ZM closed today down 14.7% to $206.64. Best Buy ( BBY ) was another post-earnings loser, sinking 12.3% in the wake of its results. The big-box retailer reported higher than anticipated adjusted earnings of $2.08 per share and revenue of $11.91 billion in its third quarter and lifted its full-year revenue forecast, now expecting sales to arrive between $51.8 billion and $52.3 billion compared to its previous forecast for $51 billion and $52 billion. As for today's selloff? "BBY's comparable sales year-over-year were disappointing, up only 2.0%, as online sales were 10.2% lower," says CFRA Research analyst Kenneth Leon. "There was also a sales drag from Best Buy's largest product category, computing and mobile phones." Leon also pointed to declining gross margins in the quarter as he downgraded the stock to Hold from Buy. The Best Mutual Funds in 401(k) Plans Make today the day you firmly grip the reins of your 401(k). SEE MORE The 25 Best Low-Fee Mutual Funds You Can Buy While simply routing money from your regular paycheck into your retirement portfolio is half the battle, a critical next step is ensuring you're invested in the best mutual funds that your workplace plan provides. That's precisely why, every year around this time, we take a deep dive into the nation's most popular mutual funds in 401(k) plans . Over the past few weeks, we've delved into a range of options served up by some of Wall Street's top fund providers: Vanguard , Fidelity , T. Rowe Price and American Funds . And today, we present the capstone of our 401(k) series – the crème de la crème of the 100 most popular retirement-plan offerings, regardless of fund family. Whatever your goal, and however you're trying to get there, this list of 30 Buy-rated actively managed mutual funds examines the tools most likely to be at your disposal. Kyle Woodley was long AMD and TSLA as of this writing. SEE MORE Best Online Brokers, 2021 You may also like Your Guide to Roth Conversions Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio The Case Against Owning All Dividend-Paying Stocks in Retirement...
- Reddit Posts (Sample): []...
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.
|
49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63
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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:**
['SAN SALVADOR (Reuters) - El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency\'s value slumped again, enlarging his bet on the cryptocurrency despite criticism.\nBitcoin, the world\'s biggest and best-known cryptocurrency, is down about 30% from the year\'s high of $69,000 on Nov. 10. Bukele said last week that El Salvador had acquired 100 additional coins to take advantage of the currency weakening.\nLate on Friday, Bukele announced the government had stepped into the market again.\n"El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670," Bukele wrote on Twitter.\nUntil Nov. 26, El Salvador had 1,220 bitcoins.\nIn September El Salvador became the world\'s first nation to adopt bitcoin as legal tender, a move that generated global media attention but also attracted criticism from the opposition and foreign financial institutions.\nThe International Monetary Fund (IMF) said on Monday that El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency.\n(Reporting by Nelson Renteria; Writing by Drazen Jorgic; Editing by Daniel Wallis)', 'SAN SALVADOR (Reuters) - El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency\'s value slumped again, enlarging his bet on the cryptocurrency despite criticism. Bitcoin, the world\'s biggest and best-known cryptocurrency, is down about 30% from the year\'s high of $69,000 on Nov. 10. Bukele said last week that El Salvador had acquired 100 additional coins to take advantage of the currency weakening. Late on Friday, Bukele announced the government had stepped into the market again. "El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670," Bukele wrote on Twitter. Until Nov. 26, El Salvador had 1,220 bitcoins. In September El Salvador became the world\'s first nation to adopt bitcoin as legal tender, a move that generated global media attention but also attracted criticism from the opposition and foreign financial institutions. The International Monetary Fund (IMF) said on Monday that El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency. (Reporting by Nelson Renteria; Writing by Drazen Jorgic; Editing by Daniel Wallis)', 'SAN SALVADOR (Reuters) - El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency\'s value slumped again, enlarging his bet on the cryptocurrency despite criticism.\nBitcoin, the world\'s biggest and best-known cryptocurrency, is down about 30% from the year\'s high of $69,000 on Nov. 10. Bukele said last week that El Salvador had acquired 100 additional coins to take advantage of the currency weakening.\nLate on Friday, Bukele announced the government had stepped into the market again.\n"El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670," Bukele wrote on Twitter.\nUntil Nov. 26, El Salvador had 1,220 bitcoins.\nIn September El Salvador became the world\'s first nation to adopt bitcoin as legal tender, a move that generated global media attention but also attracted criticism from the opposition and foreign financial institutions.\nThe International Monetary Fund (IMF) said on Monday that El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency.\n(Reporting by Nelson Renteria; Writing by Drazen Jorgic; Editing by Daniel Wallis)', 'Bitcoin, BTC to USD, tumbled by 8.23% on Saturday. Following a 5.01% fall on Friday, Bitcoin ended the day at $49,249.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $53,879 before hitting reverse. Falling well short of the first major resistance level at $57,080, Bitcoin tumbled to a mid-morning intraday low $41,634.\nThe extended sell-off saw Bitcoin fall through the 23.6% FIB of $53,628, the day’s major support levels, and the 38.2% FIB of $44,144.\nFinding mid-morning support, however, Bitcoin returned to $49,000 levels. Bitcoin moved back through the third major support level at $41,674 and the second major support level at $47,940.\nThe partial recovery also saw Bitcoin move back through the 38.2% FIB of $44,144 to end the day at $49,200 levels.\nThe near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a particularly bearish day on Saturday.\nChainlink(-11.15%),Crypto.com Coin(-12.41%), andLitecoin(-13.40%) led the way down.\nBitcoin Cash SV(-x%),Cardano’s ADA(-8.66%), andRipple’s XRP(-8.03%) also saw particularly heavy losses.\nBinance Coin(-4.38%),Ethereum(-2.17%), and Polkadot (-4.91%) saw relatively modest losses, however.\nIn the current week, the crypto total market rose to a Wednesday high $2,712bn before sliding to a Saturday low $1,881bn. At the time of writing, the total market cap stood at $2,296bn.\nBitcoin’s dominance rose to a Monday high 43.01% before falling to a Saturday low 40.66%. At the time of writing, Bitcoin’s dominance stood at 40.70%.\nOnce more, the crypto markets became a victim of FED Monetary policy sentiment and a recoupling with the global financial markets.\nA flight to safety late last week may have led to margin calls before considering the impact of the prospects of rising borrowing costs to fund crypto purchses. With Bitcoin and the broader market at elevated levels, profit taking likely hit those looking to buy on the dip…\nAt the time of writing, Bitcoin was up by 0.19% to $49,344. A mixed start to the day saw Bitcoin fall to an early morning low $49,186 before rising to a high $49,670.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV bucked the early trend, falling by 2.17%.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 3.80% to lead the way.\nBitcoin would need to avoid the $48,254 pivot to bring the 23.6% FIB of $53,628 and the first major resistance level at $54,874 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $50,000 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap the upside.\nIn the event of an extended rally, Bitcoin could test resistance at $55,000 levels before easing back. The second major resistance level sits at $60,499.\nA fall through the $48,254 pivot would bring the 38.2% FIB of $44,144 and the first major support level at $42,629 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$40,000 levels. The second major support level sits at $36,009.\nThisarticlewas originally posted on FX Empire\n• Price of Gold Fundamental Daily Forecast – Weak Headline Number Not Enough to Derail Fed’s Tapering Plans\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 4th, 2021\n• Shiba Inu Coin – Daily Tech Analysis – December 4th, 2021\n• This Trend in Axie Infinity Raises ‘Sustainability Concerns’ Despite Strong Growth\n• The Week Ahead: Central Banks and COVID-19 in Focus alongside a busy Economic Calendar\n• Nvidia’s Shares Tank After Analyst Said $40 billion Arm Acquisition Might Not Happen', 'Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Bitcoin , BTC to USD, tumbled by 8.23% on Saturday. Following a 5.01% fall on Friday, Bitcoin ended the day at $49,249. A mixed start to the day saw Bitcoin rise to an early morning intraday high $53,879 before hitting reverse. Falling well short of the first major resistance level at $57,080, Bitcoin tumbled to a mid-morning intraday low $41,634. The extended sell-off saw Bitcoin fall through the 23.6% FIB of $53,628, the day’s major support levels, and the 38.2% FIB of $44,144. Finding mid-morning support, however, Bitcoin returned to $49,000 levels. Bitcoin moved back through the third major support level at $41,674 and the second major support level at $47,940. The partial recovery also saw Bitcoin move back through the 38.2% FIB of $44,144 to end the day at $49,200 levels. The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a particularly bearish day on Saturday. Chainlink (-11.15%), Crypto.com Coin (-12.41%), and Litecoin (-13.40%) led the way down. Bitcoin Cash SV (-x%), Cardano’s ADA (-8.66%), and Ripple’s XRP (-8.03%) also saw particularly heavy losses. Binance Coin (-4.38%), Ethereum (-2.17%), and Polkadot (-4.91%) saw relatively modest losses, however. In the current week, the crypto total market rose to a Wednesday high $2,712bn before sliding to a Saturday low $1,881bn. At the time of writing, the total market cap stood at $2,296bn. Bitcoin’s dominance rose to a Monday high 43.01% before falling to a Saturday low 40.66%. At the time of writing, Bitcoin’s dominance stood at 40.70%. Key Drivers Once more, the crypto markets became a victim of FED Monetary policy sentiment and a recoupling with the global financial markets. A flight to safety late last week may have led to margin calls before considering the impact of the prospects of rising borrowing costs to fund crypto purchses. With Bitcoin and the broader market at elevated levels, profit taking likely hit those looking to buy on the dip… Story continues This Morning At the time of writing, Bitcoin was up by 0.19% to $49,344. A mixed start to the day saw Bitcoin fall to an early morning low $49,186 before rising to a high $49,670. Bitcoin left the major support and resistance le
**Last 60 Days of Bitcoin's Closing Prices:**
[55361.45, 53805.98, 53967.85, 54968.22, 54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-05
**Financial & Commodity Data:**
- Gold Closing Price: $1782.00
- Crude Oil Closing Price: $66.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $926,655,052,500
- Hash Rate: 184311733.00598127
- Transaction Count: 215213.0
- Unique Addresses: 588178.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.18
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The Indian government is closely monitoring crypto advertisements but is not weighting a ban on crypto ads at the moment, Finance Minister Nirmala Sitharaman said on Tuesday.
• The Finance Minister also said the government’s crypto bill, which is due to be submitted during the current parliamentary session, is based on inputs from the 2019 draft bill and other recommendations.
• Sitharaman, during a question and answer session of the parliament, looked to quell some of the confusion surrounding cryptos in India and whether they will be banned or regulated. However, she did not give any clear indication on the status of cryptos and insisted that lawmakers wait for the bill, which will be introduced “soon.”
• The minister’s comments come a day after she said the government has noplansto recognize bitcoin as a currency, as well as comments from the Finance Ministry that the country’s central bank is working on the phased implementation of a digital currency.
• Crypto has come under fire in India afterreportsthe government will introduce a bill that will ban all private cryptocurrencies, dousing hopes of a looser stance by the Indian government.
Read more:India Has No Plans to Recognize Bitcoin as Currency; RBI Working on CBDC Rollout: Reports...
- 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.
|
50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72
|
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 was the first cryptocurrency and it remains both the largest and the most well-known. In fact, to the general public, Bitcoin is the standard bearer for all cryptocurrency, with many assuming that how Bitcoin trades is reflective of the cryptocurrency market as a whole. While this is true to some degree, it\'s also true that many of the thousands of other cryptos dance to their own beat.\nIn 2021, one of the many headlines surrounding Bitcoin was the news that El Salvador would be the first country to accept Bitcoin as legal tender, perhaps paving the way for other countries to do the same. The price of Bitcoin has continued to soar, part of the reason it continually garners headlines. As of Nov. 26, the industry-leading crypto is up about 87% since January 2021. Over the past year, Bitcoin has risen by 218%.\nDo You Know?Where Does Cryptocurrency Come From?\nEthereum has long played second fiddle to Bitcoin, but it\'s on a trajectory to unseat Bitcoin as the most valuable crypto in terms of market cap. Currently, Ethereum\'s market cap of about $500 billion is about half that of Bitcoin\'s $1 trillion, but it has posted gains of 733% over the past year, more than tripling the gains made by Bitcoin. The crypto\'s market share has already jumped to 20% of the market, from 8.5%, while Bitcoin\'s has dropped from 67% to about 45%.\nBeyond Bitcoin:Looking at Some Crypto Financial Jargon\nDogecoin has been the subject of countless news articles over the past year or so, partially due to its creation story. Dogecoin was literally created as a joke, a spoof on the crypto crazy in which investors would bid up even worthless coins. But Dogecoin has proven that even the most illusory cryptos can become real, as it now sits as the 10th-largest cryptocurrency in terms of market capitalization, at a whopping $30 billion valuation. In May 2021, Dogecoin had a market cap as high as $88 billion.\nFind Out:What Is Chainlink and Why Is It Important in the World of Cryptocurrency?\nShiba Inu is another coin fashioned in the whimsical manner of Dogecoin, but it does carry slightly more heft. Shiba Inu is built on the Ethereum ecosystem, and thus enjoys the security and advanced features of that platform. Overall, the crypto is still a bit of an experiment, as it is more of a community- and supporter-driven crypto than a functional token in a structured environment. However, that hasn\'t stopped the crypto from reaching $22 billion in market cap and posting a ridiculous one-year gain of 59,146,060%, even though it only trades at a minuscule $0.00003990 per coin, as of late November.\nFind Out:Why Some Money Experts Believe In Bitcoin and Others Don\'t\nCardano skyrocketed in popularity in 2021 as it was one of the first cryptos to embrace proof-of-stake validation. In plain English, this means that Cardano is able to greatly reduce transaction time and energy usage, two of the problems that continue to dog Bitcoin. It also borrows a playbook from the Ethereum network via its decentralized applications and enabling of smart contracts. Investors have flocked to the coin in 2021, which is up over 1,000% over the past year in spite of a recent selloff.\nRead:How To Invest In Cryptocurrency: What You Should Know Before Investing\nSolana is another crypto that has flown somewhat under the radar of the general public but has provided astronomical returns for those who have owned it. Solana blends both proof-of-stake and proof-of-history mechanisms, which has attracted a lot of interest from investors. Solana now has a market cap of over $60 billion after sprinting to a 10,500% gain over the past year.\nBinance Coin (BNB):Why It\'s So Interesting to the Cryptocurrency World\nXRP works on the Ripple digital payment processing network, where it can be used to facilitate exchanges among both digital and fiat currencies. As a crypto with a defined utility, investors have slowly and steadily piled into XRP, giving it a market cap of about $45 billion. In crypto terms, XRP has risen modestly over the past year, up 70%.\nSee:Is Crypto a Sinking Ship? Money Experts Weigh In\nCrypto.com bills itself as the world\'s fastest-growing crypto app, boasting over 10 million users and offering the ability to buy or sell over 200 cryptocurrencies at true cost. While that level of achievement might make news on its own, the biggest hit of 2021 for the company was its announcement that it had bought the naming rights for the former Staples Center in Los Angeles, home of sports teams like the Los Angeles Lakers. The name change of the storied venue to the Crypto.com Arena will officially take place as of Christmas Day 2021. Crypto.com paid an incredible $700 million for the naming rights to the arena, showing the immense amount of money being generated in the cryptocurrency space.\nTake a Look:The 10 Wildest Things Selling as NFTs\nOne of the biggest crypto headlines of 2021 was the much-anticipated arrival to market of an exchange-traded fund devoted to buying Bitcoin futures. The ProShares Bitcoin Strategy ETF has already proven to be one of the most successful ETF launches in history, raising $1.26 billion in assets in its first month. Bitcoin has been down in the month since the ETF officially launched, but it\'s easy to imagine the ETF gaining even more popularity if Bitcoin turns around and begins setting new highs again.\n$120K Bananas and $69M Digital Collages:Strange and Expensive Art Sales\nInvestors looking for "the next big thing" in crypto have been piling into Gitcoin in late November 2021. This Ethereum token uses quadratic funding and other inventive means to fund and coordinate open-source development, according to Coinbase. The crypto still has a tiny market cap of about $300 million, even after shooting up 54% in a day, 167% in a week and 590% over the past year, as of Nov. 27, 2021.\nMore From GOBankingRates\n• HowMuch You Need To Be \'Rich\' in 15 Major Vacation Destinations\n• 10 Reasons You Should Claim Social Security Early\n• How To Add $500 to Your Wallet Just in Time for the Holidays\n• Should You Refinance Now With the Low Mortgage Rates?\nThis article originally appeared onGOBankingRates.com:Shiba Inu and 9 More of the Biggest Hits in Crypto for 2021', 'baona / iStock.com Stanislav Palamar / Getty Images Bitcoin Bitcoin was the first cryptocurrency and it remains both the largest and the most well-known. In fact, to the general public, Bitcoin is the standard bearer for all cryptocurrency, with many assuming that how Bitcoin trades is reflective of the cryptocurrency market as a whole. While this is true to some degree, it\'s also true that many of the thousands of other cryptos dance to their own beat. In 2021, one of the many headlines surrounding Bitcoin was the news that El Salvador would be the first country to accept Bitcoin as legal tender, perhaps paving the way for other countries to do the same. The price of Bitcoin has continued to soar, part of the reason it continually garners headlines. As of Nov. 26, the industry-leading crypto is up about 87% since January 2021. Over the past year, Bitcoin has risen by 218%. Do You Know? Where Does Cryptocurrency Come From? gopixa / Getty Images Ethereum Ethereum has long played second fiddle to Bitcoin, but it\'s on a trajectory to unseat Bitcoin as the most valuable crypto in terms of market cap. Currently, Ethereum\'s market cap of about $500 billion is about half that of Bitcoin\'s $1 trillion, but it has posted gains of 733% over the past year, more than tripling the gains made by Bitcoin. The crypto\'s market share has already jumped to 20% of the market, from 8.5%, while Bitcoin\'s has dropped from 67% to about 45%. Beyond Bitcoin: Looking at Some Crypto Financial Jargon Adrian Black / Getty Images Dogecoin Dogecoin has been the subject of countless news articles over the past year or so, partially due to its creation story. Dogecoin was literally created as a joke, a spoof on the crypto crazy in which investors would bid up even worthless coins. But Dogecoin has proven that even the most illusory cryptos can become real, as it now sits as the 10th-largest cryptocurrency in terms of market capitalization, at a whopping $30 billion valuation. In May 2021, Dogecoin had a market cap as high as $88 billion. Story continues Find Out: What Is Chainlink and Why Is It Important in the World of Cryptocurrency? salarko / Getty Images Shiba Inu Shiba Inu is another coin fashioned in the whimsical manner of Dogecoin, but it does carry slightly more heft. Shiba Inu is built on the Ethereum ecosystem, and thus enjoys the security and advanced features of that platform. Overall, the crypto is still a bit of an experiment, as it is more of a community- and supporter-driven crypto than a functional token in a structured environment. However, that hasn\'t stopped the crypto from reaching $22 billion in market cap and posting a ridiculous one-year gain of 59,146,060%, even though it only trades at a minuscule $0.00003990 per coin, as of late November. Find Out: Why Some Money Experts Believe In Bitcoin and Others Don\'t Rick_Jo / iStock.com Cardano Cardano skyrocketed in popularity in 2021 as it was one of the first cryptos to embrace proof-of-stake validation. In plain English, this means that Cardano is able to greatly reduce transaction time and energy usage, two of the problems that continue to dog Bitcoin. It also borrows a playbook from the Ethereum network via its decentralized applications and enabling of smart contracts. Investors have flocked to the coin in 2021, which is up over 1,000% over the past year in spite of a recent selloff. Read: How To Invest In Cryptocurrency: What You Should Know Before Investing Chinnapong / Getty Images Solana Solana is another crypto that has flown somewhat under the radar of the general public but has provided astronomical returns for those who have owned it. Solana blends both proof-of-stake and proof-of-history mechanisms, which has att
**Last 60 Days of Bitcoin's Closing Prices:**
[53805.98, 53967.85, 54968.22, 54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-06
**Financial & Commodity Data:**
- Gold Closing Price: $1777.50
- Crude Oil Closing Price: $69.49
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $906,599,947,031
- Hash Rate: 190973602.87366727
- Transaction Count: 284467.0
- Unique Addresses: 701524.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.16
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Avis Budget Group, Inc. (NASDAQ: CAR ) shares are trading significantly higher after the company reported better-than-expected third-quarter adjusted earnings per share and sales results. The company also added $1 billion to its buyback. Avis Budget reported quarterly earnings of $10.74 per share which beat the analyst consensus estimate of $6.50 and sales of $3.00 billion which beat the analyst consensus estimate of $2.72 billion. View more earnings on CAR "Our third quarter results are a testament to our team's on-going focus around cost discipline and ability to execute operationally," said Joe Ferraro, Avis Budget Group Chief Executive Officer. "We are seeing the benefits of initiatives we began during the early days of the pandemic and look to build on this positive momentum as the travel environment continues to normalize." Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. Avis Budget's stock was trading about 181% higher at $481.50 per share on Tuesday at the time of publication. The stock has a 52-week high of $545.11 and a 52-week low of $28.20. See more from Benzinga Click here for options trades from Benzinga Why Bitcoin-Related And Ethereum-Related Stocks Are Rising Why FuelCell Energy Shares Were Rising Premarket © 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.
|
50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43
|
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:**
['Many analysts have noted signals that the price of bitcoin was tracing the same trajectory of late 2017 and the subsequent crash of early January 2018. Photo: Getty (Andriy Onufriyenko via Getty Images) The global economic recovery has been cast in doubt by a new strain of COVID-19. The Omicron variant rattled traditional markets and the panic spread to the crypto-sphere with bitcoin ( BTC-USD ) falling to a monthly low of $54,000 (£40,705) last week. This collapse was made all the more dramatic after bitcoin had reached a record high of more than $69,000 earlier in November. Nicholas Cawley, strategist at DailyFX told Yahoo Finance that the sharp sell-off in the cryptocurrency space was "purely a risk-off move", with both retail and institutional investors jumping to safe havens such as US Treasuries, Japanese yen and gold. This investor action manifested with gold gaining 0.6% on Friday, closing the day at $1,791.40 per ounce, up $7.30. In cryptocurrency markets, many investors cashed out their positions with plans to buy back in at a later date when the storm settles, or if the new Omicron variant is discovered to be less potent than originally feared. Earlier this week, this sentiment materialised with a buyback lifting the bitcoin price to $58,000. Ian Taylor, executive director at CryptoUK, described traders "taking profits and putting their allocation into cash or less volatile assets in this time of uncertainty ahead of possible additional lockdowns". Read more: Solana: Why Ethereum\'s lesser known rival is steadily rising But, even before last Friday\'s sharp sell-off, many analysts were noting signals that the price of bitcoin, and other major cryptocurrencies, was tracing the same trajectory of late 2017 and the subsequent crash of early January 2018. From early January 2018 to September 2018 cryptocurrencies plummeted 85%, making what has been dubbed the "Great Crypto-Crash" worse than the Dot-com bubble\'s 78% collapse in 2000. According to Adam Morris and Tom De Spiegelaere, co-founders of Crypto Head, it is not a \x93matter of if there will be a crypto crash, it\'s a matter of when\x94. Story continues Speaking to Yahoo Finance, the pair pointed to chart data indicating the cryptocurrency market is currently "unsustainable" and coming "towards the end of a bull run". Bitcoin price chart from June to present. Chart: Yahoo Finance UK They added that the recent "parabolic movements" before Friday\'s crash reveal that a lot of people have "FOMO\'d into crypto" in recent months, and they predict a "sizeable pullback" in the market. This opinion was echoed by Panxora CEO Gavin Smith, who said the cryptocurrency market was \x93overextended in early 2021" and expects "lower prices for the remainder of the year and early 2022". However, he does not expect to see "the extent of the decline we saw in 2018". Bitcoin market cap chart from July 2017 to February 2018. Chart: Yahoo Finance UK "The market will range between 60k and 40k into 2022," he told Yahoo Finance and, focusing on the price of bitcoin in particular, he predicted the world\'s biggest cryptocurrency will stagnate until "after April 2022, leading to new highs toward the end of next year\x94. Between late 2017 and mid-2018 bitcoin collapsed by 85% in value. According to Gunnar Jaerv, COO of First Digital Trust, the 2017 bubble was created by retail investors who eventually lost their exuberance after \x93wide investment in unsustainable projects lacking real technological infrastructure\x94. Watch: What is bitcoin? Now the cryptocurrency market is more mature and less volatile, Jaery said. The increased demand and adoption by retail investors is backed by \x93millions of dollars of investment from major players and institutions who recognise blockchain technology and crypto is here to stay\x94. There has been a significant improvement in bitcoin\x92s liquidity since the Great Crypto-Crash. After the bitcoin price collapsed in 2018, the volume often fell below $5bn per day. This month\x92s trade volume averaged around $24bn, highlighting consistent market interest in the world\x92s preeminent cryptocurrency. Read more: Philip Hammond: Big finance\'s move into crypto is unstoppable COVID-related monetary stimulus measures and subsequent inflation fears have encouraged countries like El Salvador, and financial institutions, such as investment bank Morgan Stanley ( MS ), to begin accumulating bitcoin or offering clients access to it. The topography of late 2021 "is very different to 2017", said Anton Chashchin, managing partner of Bitfrost. Speaking to Yahoo Finance he explained how the 2017 bull run was "largely defined by a snowball of retail investors, but this one is being driven by an influx of institutions". Bitcoin USD charts from September 2017 to February 2018. Chart: Yahoo Finance UK He pointed to major institutions "integrating cryptos or launching their own crypto-related services", such investment bank JP Morgan ( JPM ) developing its Blockchain Center for Excellence, that spawned the rapidly rising Kadena ( KDA-USD ) cryptocurrency. Anthony Portno, founder of Traders of Crypto, went further and flipped the narrative when comparing 2021\'s bitcoin price trajectory with that of 2017. After chart comparisons, he concluded that "we are currently at a level before a dramatic rise not before a crash", because "the bitcoin price is currently quite low relative to its moving average". Bitcoin USD chart from September to present. Chart: Yahoo Finance UK Looking back over the last 12 months, he said: "The price went up dramatically in late 2020 and early 2021 when it did look overbought but it has dropped back since to a level that looks quite cheap." The 2017 cryptocurrency ecosystem was as a \x93self-contained bubble\x94 with no significant influx of institutional capital, said Sam Kazemian, founder of Frax. Whereas, now major financial institutions are initialising long term accumulation of digital assets. Read more: Blockchain and NFTs: How to make sense of crypto terminology The global cryptocurrency market is still dwarfed by the traditional markets such as the foreign exchange and the New York Stock Exchange ( ^AMZI ), both of which have market capitalisations that are measured in the quadrillions. In comparison, the global cryptocurrency market is worth $2.6trn. This suggests that there is much more room for expansion for bitcoin and other digital assets. Traditional investors are discovering bitcoin as a hard asset alternative to gold. Bitcoin is currently only assuming a fractional share of gold\x92s utility as a store of value, but this share is forecast to increase and as the cryptocurrency space expands more traditional assets will become digitised and tokenised on distributed ledger technology (DLT). Watch: What are the risks of investing in cryptocurrency?', 'The global economic recovery has been cast in doubt by a new strain of COVID-19. The Omicron variant rattled traditional markets and the panic spread to the crypto-sphere with bitcoin (BTC-USD) falling to a monthly low of $54,000 (£40,705) last week.\nThis collapse was made all the more dramatic after bitcoin had reached a record high of more than $69,000 earlier in November.\nNicholas Cawley, strategist at DailyFX told Yahoo Finance that the sharp sell-off in the cryptocurrency space was "purely a risk-off move", with both retail and institutional investors jumping to safe havens such as US Treasuries, Japanese yen and gold. This investor action manifested with gold gaining 0.6% on Friday, closing the day at $1,791.40 per ounce, up $7.30.\nIn cryptocurrency markets, many investors cashed out their positions with plans to buy back in at a later date when the storm settles, or if the new Omicron variant is discovered to be less potent than originally feared. Earlier this week, this sentiment materialised with a buyback lifting the bitcoin price to $58,000.\nIan Taylor, executive director at CryptoUK, described traders "taking profits and putting their allocation into cash or less volatile assets in this time of uncertainty ahead of possible additional lockdowns".\nRead more:Solana: Why Ethereum\'s lesser known rival is steadily rising\nBut, even before last Friday\'s sharp sell-off, many analysts were noting signals that the price of bitcoin, and other major cryptocurrencies, was tracing the same trajectory of late 2017 and the subsequent crash of early January 2018.\nFrom early January 2018 to September 2018 cryptocurrencies plummeted 85%, making what has been dubbed the "Great Crypto-Crash" worse than the Dot-com bubble\'s 78% collapse in 2000.\nAccording to Adam Morris and Tom De Spiegelaere, co-founders of Crypto Head, it is not a “matter of if there will be a crypto crash, it\'s a matter of when”.\nSpeaking to Yahoo Finance, the pair pointed to chart data indicating the cryptocurrency market is currently "unsustainable" and coming "towards the end of a bull run".\nThey added that the recent "parabolic movements" before Friday\'s crash reveal that a lot of people have "FOMO\'d into crypto" in recent months, and they predict a "sizeable pullback" in the market.\nThis opinion was echoed by Panxora CEO Gavin Smith, who said the cryptocurrency market was “overextended in early 2021" and expects "lower prices for the remainder of the year and early 2022".\nHowever, he does not expect to see "the extent of the decline we saw in 2018".\n"The market will range between 60k and 40k into 2022," he told Yahoo Finance and, focusing on the price of bitcoin in particular, he predicted the world\'s biggest cryptocurrency will stagnate until "after April 2022, leading to new highs toward the end of next year”.\nBetween late 2017 and mid-2018 bitcoin collapsed by 85% in value. According to Gunnar Jaerv, COO of First Digital Trust, the 2017 bubble was created by retail investors who eventually lost their exuberance after “wide investment in unsustainable projects lacking real technologic
**Last 60 Days of Bitcoin's Closing Prices:**
[53967.85, 54968.22, 54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-07
**Financial & Commodity Data:**
- Gold Closing Price: $1782.60
- Crude Oil Closing Price: $72.05
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $956,874,552,662
- Hash Rate: 170987993.2706091
- Transaction Count: 288343.0
- Unique Addresses: 725368.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The world’s leading cryptocurrency is closing in on its all-time high price of $67k, with the total cryptocurrency market cap now approaching the $3 trillion mark.
The leading cryptocurrency has been rallying over the past few days and has now topped the $65k level. The rally comes as the broader cryptocurrency market added more than $200 billion to its market cap over the weekend.
At the time of writing,BTCis trading at $65,902 per coin, up by 6.46% over the past 24 hours. The latest rally comes following days of Bitcoin stuck just above the $62k level while altcoins such asEther,Solana, and Binance Coin (BNB) rally higher.
Bitcoin is currently down by 1.5% from its all-time high price of $67,276, which it attained on October 20. IfBTCmaintains its current momentum, it could set a new all-time high above $68k over the next few hours.
BTC’s next resistance point is around the $66,700 level, and it could surpass that level if the bulls continue to push the cryptocurrency higher. Reaching the $66,700 level could allowBTCto surge higher and top the current all-time high above $67,200 over the next few hours. Bitcoin’s rally comes despitelosing some of its market dominancein recent weeks.
However, a retrace is also possible afterBTCadded more than 6% to its value in the past 24 hours. A decline below the $65k level could expose the support level at $64,500. However, BTC could likely defend the major support level around the $63k mark unless there is a massive sell-off in the market.
The total cryptocurrency market cap has been increasing in recent months, thanks to the excellent performance ofBitcoinand other cryptos. At the time of writing, the total cryptocurrency market cap is around $2.9 trillion.
In addition toBitcoin, numerous altcoins, includingETHandSolana, have rallied in recent weeks to add to the total cryptocurrency market cap.
Thisarticlewas originally posted on FX Empire
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- Reddit Posts (Sample): []...
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.
|
50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14
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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 is the technical analysis for Ethereum, Litecoin, and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s.\nEthereumfell by 1.01% on Tuesday. Partially reversing a 3.59% gain from Monday, Ethereum ended the day at $4,310.\nA mixed start to the day saw Ethereum rise to a late morning intraday high $4,434 before hitting reverse. Falling well short of the first major resistance level at $4,519, Ethereum slid to a late intraday low $4,261.\nSteering clear of the first major support level at $4,051, however, Ethereum found support to wrap up the day at $4,310 levels.\nAt the time of writing, Ethereum was down by 0.44% to $4,291. A mixed start to the day saw Ethereum rise to an early morning high $4,318 before falling to a low $4,291.\nEthereum left the major support and resistance levels untested early on.\nEthereum would need to move through the $4,335 pivot to bring the first major resistance level at $4,410 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,400 levels. Barring an extended rally, the first major resistance level and Tuesday’s high $4,434 should limit the upside.\nIn the event of a broad-based crypto rally, Ethereum could test resistance at the $4,600 levels before any pullback. The second major resistance level sits at $4,508.\nFailure to move through the $4,335 pivot would bring the first major support level at $4,236 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level at $4,163 should limit the downside.\nFirst Major Support Level: $4,236\nPivot Level: $4,335\nFirst Major Resistance Level: $4,410\n23.6% FIB Retracement Level: $3,738\n38.2% FIB Retracement Level: $3,039\n62% FIB Retracement Level: $1,909\nLitecoinrose by 0.24% on Tuesday. Following a 3.20% rally on Monday, Litecoin ended the day at $162.03.\nA bearish start to the day saw Litecoin fall to a mid-morning intraday low $158.30 before making a move. Steering clear of the first major support level at $148, however, Litecoin rallied to a midday intraday high $166.00.\nFalling short of the first major resistance level at $170, however, Litecoin eased back to end the day at 162 levels.\nAt the time of writing, Litecoin was down by 0.38% to $161.42. A mixed start to the day saw Litecoin rise to an early morning high $162.19 before falling to a low $160.14.\nLitecoin left the major support and resistance levels untested early on.\nLitecoin would need to move through the $162 pivot to bring the first major resistance level at $166 into play. Support from the broader market would be needed, however, for Litecoin to break out from $165 levels.\nBarring an extended crypto rally, the first major resistance level and Tuesday’s high $166.00 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at the second major resistance level at $170 before any pullback.\nFailure to move through the $162 pivot would bring the first major support level at $158 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$150 levels. The second major support level at $155 should limit the downside.\nFirst Major Support Level: $158\nPivot Level: $162\nFirst Major Resistance Level: $166\n23.6% FIB Retracement Level: $178\n38.2% FIB Retracement Level: $223\n62% FIB Retracement Level: $296\nRipple’s XRPfell by 1.26% on Tuesday. Partially reversing a 2.84% gain from Monday, Ripple’s XRP ended the day at $0.81699.\nA mixed morning saw Ripple’s XRP rise to an early morning intraday high $0.84587 before hitting reverse. Falling short of the 23.6% FIB of $0.8533 and the first major resistance level at $0.8563, Ripple’s XRP slid to a late intraday low $0.80431.\nSteering clear of the first major support level at $0.7757, however, Ripple’s XRP moved back through to $0.81 levels to reduce the deficit.\nAt the time of writing, Ripple’s XRP was down by 0.40% to $0.81369. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.81651 to a low $0.80549.\nRipple’s XRP left the major support and resistance levels untested early on.\nRipple’s XRP would need to move through the $0.8224 pivot to bring the first major resistance level at $0.8405 into play.\nSupport would be needed, however, for Ripple’s XRP to break back through to $0.83 levels. Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.84587 would likely cap the upside.\nIn the event of a broad-based crypto rally, Ripple’s XRP could test the 23.6% FIB of $0.8533 before any pullback. The second major resistance level sits at $0.8640.\nFailure to move through the $0.8224 pivot would bring first major support level at $0.7989 into play. Barring another extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.7808.\nFirst Major Support Level: $0.7989\nPivot Level: $0.8224\nFirst Major resistance Level: $0.8405\n23.6% FIB Retracement Level: $0.8533\n38.2% FIB Retracement Level: $1.0659\n62% FIB Retracement Level: $1.4096\nThisarticlewas originally posted on FX Empire\n• ASX200 – A Quiet Economic Calendar Leaves the U.S Markets and Commodities to Give Direction\n• Invesco Dynamic Building & Construction ETF Continues its Upward Movement\n• European Equities: A Quiet Economic Calendar Leaves Central Bank Chatter and COVID-19 in Focus\n• A Quiet Economic Calendar Leaves the BoC and the Loonie in the Spotlight\n• Bitcoin Bulls Fumbled the Ball: Is $90k Still Attainable?\n• Natural Gas Price Fundamental Daily Forecast – Bounces from Four-Month Low on Soaring European Futures Prices', 'This is the technical analysis for Ethereum, Litecoin, and Ripple\x92s XRP. We will be looking at previous day price action and today\x92s support, resistance, and pivot levels and, when in play, the Fibonacci\x92s. Ethereum Ethereum fell by 1.01% on Tuesday. Partially reversing a 3.59% gain from Monday, Ethereum ended the day at $4,310. A mixed start to the day saw Ethereum rise to a late morning intraday high $4,434 before hitting reverse. Falling well short of the first major resistance level at $4,519, Ethereum slid to a late intraday low $4,261. Steering clear of the first major support level at $4,051, however, Ethereum found support to wrap up the day at $4,310 levels. At the time of writing, Ethereum was down by 0.44% to $4,291. A mixed start to the day saw Ethereum rise to an early morning high $4,318 before falling to a low $4,291. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $4,335 pivot to bring the first major resistance level at $4,410 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,400 levels. Barring an extended rally, the first major resistance level and Tuesday\x92s high $4,434 should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at the $4,600 levels before any pullback. The second major resistance level sits at $4,508. Failure to move through the $4,335 pivot would bring the first major support level at $4,236 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level at $4,163 should limit the downside. Looking at the Technical Indicators First Major Support Level: $4,236 Pivot Level: $4,335 First Major Resistance Level: $4,410 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin rose by 0.24% on Tuesday. Following a 3.20% rally on Monday, Litecoin ended the day at $162.03. Story continues A bearish start to the day saw Litecoin fall to a mid-morning intraday low $158.30 before making a move. Steering clear of the first major support level at $148, however, Litecoin rallied to a midday intraday high $166.00. Falling short of the first major resistance level at $170, however, Litecoin eased back to end the day at 162 levels. At the time of writing, Litecoin was down by 0.38% to $161.42. A mixed start to the day saw Litecoin rise to an early morning high $162.19 before falling to a low $160.14. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $162 pivot to bring the first major resistance level at $166 into play. Support from the broader market would be needed, however, for Litecoin to break out from $165 levels. Barring an extended crypto rally, the first major resistance level and Tuesday\x92s high $166.00 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at the second major resistance level at $170 before any pullback. Failure to move through the $162 pivot would bring the first major support level at $158 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$150 levels. The second major support level at $155 should limit the downside. Looking at the Technical Indicators First Major Support Level: $158 Pivot Level: $162 First Major Resistance Level: $166 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP fell by 1.26% on Tuesday. Partially reversing a 2.84% gain from Monday, Ripple\x92s XRP ended the day at $0.81699. A mixed morning saw Ripple\x92s XRP rise to an early morning intraday high $0.84587 before hitting reverse. Falling short of the 23.6% FIB of $0.8533 and the first major resistance level at $0.8563, Ripple\x92s XRP slid to a late intraday low $0.80431. Steering clear of the first major support level at $0.7757, however, Ripple\x92s XRP moved back through to $0.81 levels to reduce the deficit. At the time of writing, Ripple\x92s XRP was down by 0.40% to $0.81
**Last 60 Days of Bitcoin's Closing Prices:**
[54968.22, 54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-08
**Financial & Commodity Data:**
- Gold Closing Price: $1783.40
- Crude Oil Closing Price: $72.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $930,914,339,250
- Hash Rate: 186532356.29521
- Transaction Count: 266110.0
- Unique Addresses: 660440.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.28
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Alun John and Vidya Ranganathan HONG KONG/SINGAPORE (Reuters) -Bitcoin and ether, the world's two largest cryptocurrencies, stayed weak on Wednesday and near critical levels that analysts believe could spell further weakness if breached. Bitcoin last traded around $60,665, up 0.9% on the day. It was off the day's low of $58,400 but is down about 12% from the record high of $69,000 set on Nov. 10, while ether was at $4,244, more than 14% lower than its peak $4,868. While profit-taking after the massive run-up in prices was emerging as the biggest factor, analysts pointed to other reasons behind the more cautious sentiment, such as bitcoin's blockchain upgrade last weekend, higher U.S. inflation and China's latest directive to its state-owned firms not to engage in cryptocurrency mining. Bitcoin has doubled in value since January. Its correction could get severe if it fell through $58,000, Craig Erlam, senior market analyst at online broker Oanda, said in a note. "This is roughly where it found strong support at the end of October and given how much it's struggled to make major strides higher since, it could be the catalyst for a deeper correction," Erlam wrote. News that Twitter would not be investing in cryptocurrencies and the U.S. Securities and Exchange Commission's (SEC) rejection of what would have been the first U.S. spot bitcoin exchange-traded fund by VanEck were also dampeners. "This has the feel that we could see some messy two-way action, and it wouldnt surprise to see 68,000 capping the upside, 57,000 the downside." Chris Weston, head of research at brokerage Pepperstone in Melbourne, wrote in a client note. In another sign of the world's growing fascination with blockchain and cryptocurrencies, the Staples Center sports and entertainment arena in downtown Los Angeles said it will be renamed https://www.reuters.com/lifestyle/staples-center-los-angeles-be-renamed-cryptocom-arena-2021-11-17 the Crypto.com Arena under a naming rights agreement with Singapore-based Crypto.com platform. Story continues In the past week, traders have become less willing to pay to hold long positions in bitcoin futures. Average funding rates fell to 0.00354% on Tuesday, according to cryptocurrency analytics platform CryptoQuant, their lowest since late September and down from 0.04122% on Nov. 10. Funding rates represent sentiment in the perpetual swaps market, a major part of the bitcoin derivatives world. Positive funding rates imply that traders are bullish, as they must pay to hold a long position, while negative rates mean traders must pay to hold a short position, and hence are bearish. "With the funding rates now declining to neutral levels, it seems to be a healthy balance between long and short demand in the market," crypto analysts at Arcane research said in a research note. Money pouring into bitcoin products and funds has hit a record $9 billion this year, and totalled $151 million last week in the 13th consecutive week of inflows, data from digital asset manager CoinShares showed on Monday. Although flows have been positive recently, volumes have been subdued in the second half, averaging $750 million daily versus $960 million in the first, CoinShares said. Singapore-based digital economy trading firm QCP Capital pointed to the relatively heavier selloff in ether (ETH) and said that might continue, alongside a pick-up in options activity on that token. "Weve turned quite neutral after this awaited leverage wash-out. We expect BTC (bitcoin) to be stuck around 60,000 given the strike gravity. And perhaps more volatility in ETH and altcoins," they wrote in a post on social media platform Telegram. (Editing by Robert Birsel and Chizu Nomiyama)...
- Reddit Posts (Sample): []...
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.
|
47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78
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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 is the technical analysis for Ethereum, Litecoin, and Ripple\x92s XRP. We will be looking at previous day price action and today\x92s support, resistance, and pivot levels and, when in play, the Fibonacci\x92s. Ethereum Ethereum rose by 3.02% on Wednesday. Reversing a 1.01% loss from Tuesday, Ethereum ended the day at $4,441. After a mixed start to the day, Ethereum fell to a mid-day intraday low $4,227 before making a move. Finding support at the first major support level at $4,236, Ethereum rallied to a mid-afternoon intraday high $4,456. Ethereum broke through the first major resistance level at $4,410 to end the day at $4,440 levels. At the time of writing, Ethereum was up by 0.58% to $4,466. A mixed start to the day saw Ethereum fall to an early morning low $4,433 before rising to a high $4,473. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to avoid the $4,375 pivot to bring the first major resistance level at $4,522 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,500 levels. Barring an extended rally, the first major resistance level should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at the $4,700 levels before any pullback. The second major resistance level sits at $4,604. A fall through the $4,375 pivot would bring the first major support level at $4,293 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level sits at $4,145. Looking at the Technical Indicators First Major Support Level: $4,293 Pivot Level: $4,375 First Major Resistance Level: $4,522 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin rose by 1.93% on Wednesday. Following a 0.24% gain on Tuesday, Litecoin ended the day at $165.21. A choppy morning saw Litecoin break through the first major resistance level at $166 to visit $170 levels before hitting reverse. The reversal saw Litecoin slide to a late morning intraday low $156.18. Story continues Litecoin fell through the first major support level at $158 before rallying to a mid-afternoon intraday high $170.48. Litecoin broke back through the first major resistance level at $166 before falling back to end the day at sub-$166. At the time of writing, Litecoin was up by 0.41% to $165.88. A mixed start to the day saw Litecoin fall to an early morning low $164.86 before rising to a high $166.04. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to avoid the $164 pivot to bring the first major resistance level at $172 into play. Support from the broader market would be needed, however, for Litecoin to break back through to $170 levels. Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at the second major resistance level at $178 and the 23.6% FIB of $178 before any pullback. A fall through the $164 pivot would bring the first major support level at $157 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$150 levels. The second major support level at $150 should limit the downside. Looking at the Technical Indicators First Major Support Level: $157 Pivot Level: $164 First Major Resistance Level: $172 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP rallied by 5.63% on Wednesday. Reversing a 1.26% fall from Tuesday, Ripple\x92s XRP ended the day at $0.8625. A mixed morning saw Ripple\x92s XRP rise to a mid-morning high $0.84977 before hitting reverse. Ripple\x92s XRP broke through the first major resistance level at $0.8405 before sliding to a late morning intraday low $0.80419. Steering clear of the first major support level at $0.7989, however, Ripple\x92s XRP rallied to a late afternoon intraday high $0.88500. Ripple\x92s XRP broke back through the first major resistance level and through the 23.6% FIB of $0.8533. The extended rally also saw Ripple\x92s XRP briefly break through the second major resistance level at $0.8640 before ending the day at sub-$0.8630 levels. At the time of writing, Ripple\x92s XRP was up by 0.42% to $0.86615. A bullish start to the day saw Ripple\x92s XRP rise from an early morning low $0.86282 to a high $0.86809. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP would need to avoid the 23.6% FIB of $0.8533 and the $0.8506 pivot to bring the first major resistance level at $0.8969 into play. Support would be needed, however, for Ripple\x92s XRP to break out from Wednesday\x92s high $0.88500. Barring an extended crypto rally, the first major resistance level and resistance at $0.90 would likely cap the upside. In the event of a broad-based crypto rally, Ripple\x92s XRP could test resistance at $0.95 levels before any pullback. The second major resistance level sits at $0.9314. A fall through the 23.6% FIB and the $0.8506 pivot would bring first major support level at $0.8161 into play. Barring another extended sell-off, however, Ripple\x92s XRP should avoid sub-$0.80 levels. The second major support level sits at $0.7698. Looking at the Technical Indicators First Major Support Level: $0.8161 Pivot Level: $0.8506 First Major resistance Level: $0.8969 23.6% FIB Retracement Level: $0.8533 38.2% FIB Retracement Level: $1.0659 62% FIB Retracement Level: $1.4096 Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Prediction \x96 Prices Slip as Dollar Gains Turkey Nears Tipping Point: Capital Controls, Use of Reserves Unlikely to Prevent Lira Depreciation Beyond Meat Goes on a Hiring Spree Ahead of 2022 Silver Price Forecast \x96 Silver Markets Continue to Build Basing Pattern Gold Price Prediction \x96 Prices Edge Higher as the Greenback Declined Trex Shares See Big Money', 'OKLAHOMA, CITY, OK / ACCESSWIRE / December 8, 2021 /Most people have heard of the digital currency Bitcoin which started back in 2009 as a peer-to-peer cash system. Fast-forward 12 years later and we see a huge parabolic growth to over 1 Trillion in Marketcap. What started as a token being valued as a fraction of a penny is currently worth $50,000 per token.\nToday buying $100 worth of Bitcoin will yield you .002 of a token, mere crumbs and particles of a token. If we\'re being honest, it seems a little silly to buy a token and get a mere fraction of a token. It is apparent the token was not intended for the number of holders it has amassed over the years.\nOn the contrary, a new token by the name of DogeZilla is taking a different approach with a much larger supply and a much lower price per token. On October 21, DogeZilla was brought into existence by a necessity to create a safer space in the crypto world by bringing security to crypto investors during token launches.\nPartially as a joke, the Founder 9ZEROES, created 69 Sextillion tokens - a number followed by 21 zeroes. However, he quickly realized the token made perfect sense because it would allow millions or potentially billions of holders one day without compromising the integrity of token supply, allowing holders to hold actual whole token amounts and not fractional for generations to come. A token with a price low enough to allow even the poorest people in the poorest countries on the planet to own tokens early on and potentially change their lives as the token continues to grow exponentially. And yes, parabolically it has been growing.\nDogeZilla is arguably the world\'s fastest-growing token, even growing faster than tokens like Dogecoin, Shiba Inu, and even Bitcoin. If you look at the market cap alone, you will see a momentum that is hard to believe and even more shocking to witness. What started as only a super micro-cap of $50,000 grew to close to $600 million at the previous high on Oct 28, only 8 days after its launch. DogeZilla grew a staggering 325% per day.\nWhat truly is mind-blowing is if the momentum continued for another 3 days, DogeZilla\'s market cap would surpass both Shiba Inu\'s & Dogecoin\'s market cap which currently sits slightly above 20 billion. Biblical proportions would be the only way to describe the growth DogeZilla expressed in its debut and we believe the growth witnessed is only the beginning. DogeZilla posts theparabolic Marketcapmomentum projection as shown on an excel spreadsheet.\nCelebrities and famous Twitter influencers have played in role in exploding the crypto tokens market cap. Shiba Inu exploded 100x its current volumes after a tweet from a particular person who is the owner of Tesla and SpaceX. Therefore, it would make sense why there continues to be so much rave behind DogeZilla\'s twitter hints. Even the world\'s most famous entrepreneur is dropping hints of DogeZilla. He mentions"Godzilla" and "Zero"during the same time DogeZilla continued its rally. Coincidental or Subliminal? Only time will tell. Aside from future speculation of influencers plugging DogeZilla, the organic growth at DogeZilla is quite remarkable and some cryptocurrency experts have never seen such momentum behind tokens before until DogeZilla.\nOn Oct 21, DogeZilla had 150 holders and after the first 24 hours of launch, it grew to 10,000 holders, a jaw-dropping 6600% growth. Fast forward 1 week and the holders sit close to 100,000. Currently, DogeZilla holder sits at 240,000 holders nearing its 7th week of existence. That is a mind-bending 160,000% growth from day 1. These types of holder growth is a huge sign of strength in the community and positivity surrounding DogeZilla\'s future. And the future looks extremely bright.\nAfter weeks of hard work
**Last 60 Days of Bitcoin's Closing Prices:**
[54771.58, 57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-09
**Financial & Commodity Data:**
- Gold Closing Price: $1774.60
- Crude Oil Closing Price: $70.94
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $940,040,815,581
- Hash Rate: 180980798.07213816
- Transaction Count: 282775.0
- Unique Addresses: 707394.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.29
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Mortgagesare already getting more expensive just one day afterRishi Sunak’s big-spending Budgetwas unveiled prompting interest rate fears.
Inflation is expected to reach 4.4 per cent next year stoked byBrexit supply chain bottlenecksand rising energy prices, theOffice for Budget Responsibilitywarned.
They added inflation could hit the highest rate seen in the UK for three decades as the Liberal Democrats warned of the biggest shock to the housing market since the 2008 financial crash.
Experts are now warning families to cut unnecessary spending and make mortgage overpayments now to avoid higher rates later.
Barclays said it was upping rates by up to 0.35 percentage points on a variety of fixed-rate mortgages with Halifax revealing rises of up to 0.20 percentage points on some products from November 1.
HSBC also warned its rates would increase, and NatWest has hiked rates on a range of its fixed mortgages by 0.1 percentage points since Chancellor Rishi Sunak unveiled his Budget on Wednesday.
TSB said they would be increasing their rates tomorrow.
Lib Dem leader Sir Ed Davey accused the Chancellor of creating “the perfect storm”, as families face “the worst time in a generation to be a homeowner”.
He said: “British homeowners face the toxic cocktail of interest rate rises, house prices surges, and council tax hikes just around the corner.
“This ghastly forecast should send a shiver down the Chancellor’s spine. The way he brushed off the cost of living crisis in the budget was careless and completely out of touch with the country. If he can’t get a grip on this cost of living crisis, how on earth is he going to cope with a mortgage crisis?
“People who work hard and play by the rules deserve a fair deal. Enough is enough, it is time to scrap the tax hikes and solve this cost of living crisis to defuse this ticking mortgage timebomb.”
Mortgage expert Lewis Shaw called for calmbut told MailOnlinethat people should “talk to a broker, cut back on unnecessary spending, and make overpayments on your mortgage whilst rates are low”.
It came as the Institute for Fiscal Studies (IFS) said the poorest face “real pain” and middle earners will lose out on a deeper analysis of Mr Sunak’s Budget.
The Chancellor had claimed it was a strategy to “usher in a new age of optimism”, but the leading economic think tank warned the public “may not get much feelgood factor”.
Instead IFS director Paul Johnson said living standards for many will fall with high inflation, rising taxes and poor growth being “undermined more by Brexit than by the pandemic”.
His warning came as the Resolution Foundation said the poorest fifth will be around £280 a year worse off despite the Chancellor softening the blow of his Universal Credit (UC) cut.
Researchers at the living standards think tank said three-quarters of households on the welfare scheme will be worse off despite the new tapering rules announced in the Budget.
Taxes will reach the highest level since the post-war recovery in 1950 and be £3,000 higher for the average UK household compared with when Boris Johnson became Prime Minister in 2019, they added.
Read More
Bitcoin trumps gold for investors as inflation fears rise
Rush to remortgage as cheap deals disappear ahead of rates rise
Where to find the cheapest mortgages before interest rates rise...
- 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.
|
47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02
|
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 is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple\x92s XRP. We will be looking at previous day price action and today\x92s support, resistance, and pivot levels and, when in play, the Fibonacci\x92s. Ethereum (ETH) Ethereum (ETH) slid by 7.54% on Thursday. Reversing a 3.02% gain from Wednesday, Ethereum ended the day at $4,106. A mixed start to the day saw Ethereum rise to an early morning intraday high $4,491 before hitting reverse. Falling short of the first major resistance level at $4,522, Ethereum slid to a late intraday low $4,076. The extended sell-off saw Ethereum fall through the first major support level at $4,293 and the second major support level at $4,145. Steering clear of sub-$4,000 however, Ethereum briefly broke through the second major support level before ending the day at sub-$4,110 levels. At the time of writing, Ethereum was up by 0.96% to $4,145. A mixed start to the day saw Ethereum fall to an early morning low $4,102 before rising to a high $4,146. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $4,224 pivot to bring the first major resistance level at $4,373 into play. Support from the broader market would be needed, however, for Ethereum to break out from $4,350 levels. Barring an extended rally, the first major resistance level and resistance at $4,400 should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at the $4,700 levels before any pullback. The second major resistance level sits at $4,639. Failure to move through the $4,224 pivot would bring the first major support level at $3,958 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,850 levels. The second major support level sits at $3,810. Looking at the Technical Indicators First Major Support Level: $3,958 Pivot Level: $4,224 First Major Resistance Level: $4,373 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin (LTC) Litecoin (LTC) slid by 8.38% on Thursday. Reversing a 1.93% rise from Wednesday, Litecoin ended the day at $151.40. A mixed morning saw Litecoin rise to an early morning intraday high $167.26 before hitting reverse. Falling short of the first major resistance level at $172, Litecoin slid to a late intraday low $151.32. The extended sell-off saw Litecoin fall through the first major support level at $157 to end the day at $151 levels. At the time of writing, Litecoin was up by 1.19% to $153.20. A mixed start to the day saw Litecoin fall to an early morning low $151.01 before rising to a high $153.74. Story continues Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $157 pivot to bring the first major resistance level at $162 into play. Support from the broader market would be needed, however, for Litecoin to break back through to $160 levels. Barring an extended crypto rally, the first major resistance level and Thursday\x92s high $167.26 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at the second major resistance level at $173 before any pullback. Failure to move through the $157 pivot would bring the first major support level at $146 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$145 levels. The second major support level sits at $141. Looking at the Technical Indicators First Major Support Level: $146 Pivot Level: $157 First Major Resistance Level: $162 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP slipped by 0.42% on Thursday. Following a 5.63% rally on Wednesday, Ripple\x92s XRP ended the day at $0.85918. A choppy morning saw Ripple\x92s XRP fall to a late morning intraday low $0.83271 before making a move. Steering clear of the first major support level at $0.8161, Ripple\x92s XRP rallied to a late morning intraday high $0.93509. Ripple\x92s XRP broke through the 23.6% FIB of $0.8533 and the first major resistance level at $0.8969. Coming up against the second major resistance level at $0.9314, however, Ripple\x92s XRP fell back through the first major resistance level to end the day in the red. At the time of writing, Ripple\x92s XRP was up by 1.05% to $0.86822. A mixed start to the day saw Ripple\x92s XRP fall to an early morning low $0.85687 before rising to a high $0.87123. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP would need to move through the $0.8757 pivot to bring the first major resistance level at $0.9186 into play. Support would be needed, however, for Ripple\x92s XRP to break back through to $0.90 levels. Barring an extended crypto rally, the first major resistance level and Thursday\x92s high $0.93509 would likely cap the upside. In the event of a broad-based crypto rally, Ripple\x92s XRP could test resistance at $1.00 levels before any pullback. The second major resistance level sits at $0.9780. Failure to move through the $0.8757 pivot would bring 23.6% FIB of $0.8533 and the first major support level at $0.8162 into play. Barring another extended sell-off, however, Ripple\x92s XRP should avoid sub-$0.80 levels. The second major support level sits at $0.7733. Looking at the Technical Indicators First Major Support Level: $0.8162 Pivot Level: $0.8757 First Major resistance Level: $0.9186 23.6% FIB Retracement Level: $0.8533 38.2% FIB Retracement Level: $1.0659 62% FIB Retracement Level: $1.4096 Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast \x96 Silver Markets Testing Crucial Level Yet Again Reddit\x92s Crypto Reward Upgrade now in the Offing Ethereum (ETH), Litecoin (LTC), and Ripple\x92s XRP \x96 U.S Inflation to Test Investor Resilience Crude Oil Price Forecast \x96 Crude Oil Markets Continue to Consolidate Gains A Busier Economic Calendar Puts the Pound, the EUR, and the Greenback in Focus Natural Gas Price Forecast \x96 Natural Gas Markets Continue Sideways Grinding View comments', 'This is the tech analysis for Bitcoin. We will be looking at movements from the day prior and today\x92s support, resistance, pivot levels, and Fibonacci\x92s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Bitcoin\x92s Day Prior Moves Bitcoin , BTC to USD, slid by 5.73% on Thursday. Following a 0.27% decline on Wednesday, Bitcoin ended the day at $47,610. A mixed start to the day saw Bitcoin rise to an early morning intraday high $50,844.0 before hitting reverse. Falling short of the first major resistance level at $51,610, Bitcoin slid to a late intraday low $47,408. Bitcoin fell through the first major support level at $49,061 and the second major support level at $47,619. Steering clear of sub-$47,000, however, Bitcoin briefly broke back through the second major support level before ending the day at $47,610 levels. The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish session. Chainlink slid by 11.43% to lead the way down, with Bitcoin Cash SV (-9.69%), Cardano\x92s ADA (-7.66%), Ethereum (-7.54%), and Litecoin (-8.38%) seeing deep red. Binance Coin (-6.10%), Crypto.com Coin (-5.27%) and Polkadot (-4.28%) also struggled. Ripple\x92s XRP ended the day down by a more modest 0.42%, however. In the current week, the crypto total market fell to a Monday low $2,124bn before rising to a late Tuesday high $2,417bn. At the time of writing, the total market cap stood at $2,227bn. Bitcoin\x92s dominance rose to a Monday high 41.96% before falling to a Thursday low 39.95%. At the time of writing, Bitcoin\x92s dominance stood at 40.62%. Bitcoin\x92s dominance last fell to sub-40% levels back in mid-September. This Morning At the time of writing, Bitcoin was up by 0.61% to $47,901. A mixed start to the day saw Bitcoin fall to an early morning low $47,500 before rising to a high $48,111. 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 (-0.50%) and Crypto.com Coin (-2.49%) bucked the early trend. It was a bullish start for the rest of the majors, however. At the time of writing, Chainlink was up by 0.99% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the $48,621 pivot to bring the first major resistance level at $49,833 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $49,500 levels. Barring an extended crypto rally, the first major resistance level and Thursday\x92s high $50,844 would likely cap the upside. In the event of an extended rally, Bitcoin could test the 23.6% FIB of $53,628 before easing back. The second major resistance level sits at $52,057. Failure to move through the $48,621 pivot would bring the first major support level at $46,397 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels and the 38.2% FIB of $44,144. The second major support level at $45,185 should limit the downside. Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis \x96 Selling Pressure Puts 4602.00 Pivot on the Radar Reddit\x92s Crypto Reward Upgrade now in the Offing Silver Price Forecast \x96 Silver Markets Testing Crucial Level Yet Again Natural Gas Price Forecast \x96 Natural Gas Markets
**Last 60 Days of Bitcoin's Closing Prices:**
[57484.79, 56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-10
**Financial & Commodity Data:**
- Gold Closing Price: $1782.90
- Crude Oil Closing Price: $71.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $915,654,861,000
- Hash Rate: 173208616.55983782
- Transaction Count: 271375.0
- Unique Addresses: 716381.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article was originally published onETFTrends.com.
Originally published by Alerian on October 14, 2021 in the Thematic Times.
In anearlier note,Alerian addressed the blockchain and cryptocurrency market as a longer-term play due to its connection with the digitalization of the economy. But investors may wonder how appropriate the industry is for the long-term given environmental sustainability concerns. These concerns are particularly relevant to cryptocurrency miners who have received negative press attention for using electricity 24 hours a day to run vast facilities with large-scale computer systems. Since the industry is relatively new, multi-page sustainability reports for these companies are not as readily available as other public corporations, which may add to the negative perception. There are some misconceptions regarding electricity usage, however, and early signs show that most mining companies have taken steps to move toward renewable energy and become more environmentally friendly.
Cryptocurrency mining—what is it and how does it take up energy?
Cryptocurrency mining (usually Bitcoin mining) is essentially the process of verifying blocks of Bitcoin transactions. Miners use computers to “compete” to validate the transactions, which involves running a computer to solve a complex algorithm. Once the algorithm is solved, the transactions are verified by the rest of the network. Miners are incentivized with Bitcoin rewards for solving the problem.
As Bitcoin’s popularity rose, it became more difficult to mine for Bitcoin as more computers joined the network and the algorithms evolved (i.e., more computing power is now required). Previously anyone with a computer could mine for Bitcoin, but now the majority of Bitcoin mining is done by Bitcoin mining corporations or groups of individuals who have joined together to form a mining pool. Bitcoin mining companies often have large facilities with networks of computers that require a significant amount of electricity to both run the systems and cool down the subsequent heat generated from the process.
In May 2021, Elon Musk stated that Tesla (TSLA) would no longer accept Bitcoin payments due to the increasing usage of fossil fuels for mining.1 Other negative comparisons arose asserting that global Bitcoin mining used more electricity than a small country. But electricity consumption, although increasing, is not as large as many are led to believe.
1. Elon Musk on Twitter: Tesla & Bitcoin
According to the University of Cambridge, Bitcoin mining consumes about 0.5% of the world’s electricity – around 99 terawatt hours (TWh) per year globally.2 To put this into perspective, gold mining consumes 131 TWh per year. Other industrial processes such as iron and steel production and chemical production consume over 1,200 TWh per year.3 While it is true that global Bitcoin mining consumes more electricity annually than smaller countries like Kazakhstan and the Philippines, electricity consumption is nowhere near annual usage of developed countries like China and the United States. China and the United States generate close to 65x and 40x, respectively, the amount of electricity as Bitcoin does globally. The University of Cambridge study also found that renewable energy accounts for only 39% of total energy consumption for miners; however, 76% of miners utilize some portion of renewable energy—mostly hydroelectric—as part of their energy mix. This illustrates that while total energy consumption may not be as high as opponents may imply, there is still more progress to be made in the industry.
1. 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge
2. Cambridge Bitcoin Electricity Consumption Index (CBECI)
Industry standards are still in early stages of fruition.
The Paris Climate Agreement inspired the Crypto Climate Accord (CCA) in April 2021 in an effort to decarbonize the cryptocurrency and blockchain industry. Its objective is to transition the entire crypto industry to net zero greenhouse gas emissions by 2040.4 Over 150 companies have joined as CCA Supporters, which help develop solutions in support of the CCA but have not necessarily made a commitment to decarbonize. Over half of these supporters are also CCA Signatories that commit to achieve net-zero emissions from crypto operations by 2030. As shown in the table below, several crypto mining constituents within the Alerian Galaxy Global Blockchain and Crypto Index Family have signed the CCA—most notably Dmg Blockchain Solutions (DMGI CN) and Argo Blockchain (ARGO), which were the first to sign.
Additionally, these large public companies have taken steps to utilize more green energy in their mining operations. Many of these also have mining facilities in colder regions like Western Canada. Canada is abundant with land, wind energy, and natural gas—ranking in the top 5 natural gas producers behind the United States, Russia, and Iran.5 Canada, however, is thought to be the most ideal out of these locations because of more relaxed crypto regulations and freezing temperatures. Operating mining facilities in colder weather regions helps cool the large amount of heat generated by the miners, which lowers the electricity cost.
1. Crypto Climate Accord
2. Natural Gas Facts (nrcan.gc.ca)
Bottom Line:
As investors consider cryptocurrency and blockchain equities as a long-term thematic investment, they should be aware that environmental sustainability standards are still evolving for this relatively new industry. Although there has traditionally been a negative perception of the Bitcoin mining process, crypto mining companies have started taking steps to address environmental sustainability, which will likely become a much larger topic of interest as the industry grows.
The Alerian Galaxy Global Blockchain Equity, Trusts & ETPs Index (BCHAIN) is the underlying index for the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC).
The Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts & ETPs Index (CRYPTO) is the underlying index for the Invesco Alerian Galaxy Crypto Economy ETF (SATO).
Related Research:
Investing in the Digital Transformation: Accessing Blockchain and Crypto Through Equity Investments
Strong Airline Demand Gives Wings to the Travel Industry
Investing in Water: Water Brings the Heat in a Defensive Summer
Investing in Global Infrastructure: Building the Future Economy
Investing in Biotechnology: Disrupting the Healthcare Space
Healthcare
S-Network Medical Breakthroughs Index (PMBI)| ALPS Medical Breakthroughs ETF (SBIO)S-NetworkHealthcare Innovation Index (PHIX)| SmartTrust Healthcare Innovations Trust; Available on the C8 platform and the SMArtX platform
Technology
O'Shares Global Internet Giants Index (OGIGX)| O’Shares Global Internet Giants ETF (OGIG)S-Network NorthAmerican Disruptor Index (SNNADX)| SmartTrust Technology Revolution Trust – Includes 30 stocks from SNNADX
Water
S-Network Global Water Index (JGI)| Invesco Global Water Portfolio – Includes 25 stocks from JGI; Available on the C8 platform
Smart Climate Risk
S-Network Smart Climate Risk 50 Index (SNSC50) | Available on the C8 platform and the SMArtX platform S-Network Smart Climate Risk 250 Index (SNSC250) | Available on the C8 platform
Blockchain and Crypto
Alerian Galaxy Global Blockchain Equity, Trusts & ETPs Index(BCHAIN) | Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC)
Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts & ETPs Index (CRYPTO)| Invesco Alerian Galaxy Crypto Economy ETF (SATO)
Other
S-Network Infrastructure Builders Index (EIBI)| Available on the C8 platform
S-Network Space Index (SPACE)| Procure Space ETF (UFO)
S-Network MicroSectors Gold Miners Index (MINERS)| MicroSectors Gold Miners 3x Leveraged ETN (GDXU), MicroSectors Gold Miners -3x Inverse Leveraged ETN (GDXD)
S-Network Global Travel Index (TRAVEL)| ALPS Global Travel Beneficiaries ETF (JRNY)
Disclaimers
For more news, information, and strategy, visit theCrypto Channel.
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- Reddit Posts (Sample): []...
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.
|
49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28
|
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 is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple\x92s XRP. We will be looking at previous day price action and today\x92s support, resistance, and pivot levels and, when in play, the Fibonacci\x92s. Ethereum (ETH) Ethereum (ETH) fell by 4.99% on Friday. Following a 7.54% slide on Thursday, Ethereum ended the day at $3,901. After a mixed start to the day, Ethereum rose to an early afternoon intraday high $4,232 before hitting reverse. Falling short of the first major resistance level at $4,373, Ethereum slid to a late intraday low $3,891. The extended sell-off saw Ethereum fall through the first major support level at $3,958 to end the day at sub-$3,910 levels. At the time of writing, Ethereum was down by 0.07% to $3,898. A mixed start to the day saw Ethereum rise to an early morning high $3,920 before falling to a low $3,868. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $4,008 pivot to bring the first major resistance level at $4,125 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,100 levels. Barring an extended rally, the first major resistance level and resistance at $4,200 should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at the $4,400 levels before any pullback. The second major resistance level sits at $4,350. Failure to move through the $4,008 pivot would bring the first major support level at $3,784 into play. Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,667. The 23.6% FIB of $3,738 should limit the downside. Looking at the Technical Indicators First Major Support Level: $3,784 Pivot Level: $4,008 First Major Resistance Level: $4,125 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin (LTC) fell by 1.95% on Friday. Following an 8.38% slide on Thursday, Litecoin ended the day at $148.49. Story continues Tracking the broader market, Litecoin rose to an early afternoon intraday high $159.86 before hitting reverse. Falling short of the first major resistance level at $162, Litecoin slid to a late intraday low $147.69. Steering clear of the first major support level at $146, Litecoin ended the day at $148 levels. At the time of writing, Litecoin was down by 0.03% to $148.45. A mixed start to the day saw Litecoin rise to an early morning high $149.06 before falling to a low $147.38. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $152 pivot to bring the first major resistance level at $156 into play. Support from the broader market would be needed, however, for Litecoin to break out from $155 levels. Barring an extended crypto rally, the first major resistance level and Friday\x92s high $159.86 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at the second major resistance level at $164 before any pullback. Failure to move through the $152 pivot would bring the first major support level at $144 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level at $140 should limit the downside. Looking at the Technical Indicators First Major Support Level: $144 Pivot Level: $152 First Major Resistance Level: $156 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP slid by 7.13% on Friday. Following a 0.42% decline on Thursday, Ripple\x92s XRP ended the day at $0.79873. A mixed start to the day saw Ripple\x92s XRP rise to an early morning intraday high $0.88199 before hitting reverse. Falling short of the first major resistance level at $0.9186, Ripple\x92s XRP slid to a late intraday low $0.79358. Ripple\x92s XRP fell through the first major support level at $0.8162 to end the day at sub-$0.80 levels. At the time of writing, Ripple\x92s XRP was down by 0.33% to $0.79607. A mixed start to the day saw Ripple\x92s XRP rise to an early morning high $0.80338 before falling to a low $0.79540. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP would need to move through the $0.8248 pivot to bring the 23.6% FIB of $0.8533 and the first major resistance level at $0.8560 into play. Support would be needed, however, for Ripple\x92s XRP to break back through to $0.85 levels. Barring an extended crypto rally, the first major resistance level and Friday\x92s high $0.88199 would likely cap the upside. In the event of a broad-based crypto rally, Ripple\x92s XRP could test the second major resistance level at $0.9132 before any pullback. Failure to move through the $0.8248 pivot would bring the first major support level at $0.7675 into play. Barring another extended sell-off, however, Ripple\x92s XRP should avoid the second major support level at $0.7364. Looking at the Technical Indicators First Major Support Level: $0.7675 Pivot Level: $0.8248 First Major resistance Level: $0.8560 23.6% FIB Retracement Level: $0.8533 38.2% FIB Retracement Level: $1.0659 62% FIB Retracement Level: $1.4096 Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap: Omicron and Market Sentiment towards the FED Drove the Markets USD/CAD Exchange Rate Prediction \x96 The Dollar Rallies Despite Falling Yields Oil Price Fundamental Daily Forecast \x96 Underpinned by Weaker Dollar, Easing Omicron Fears S&P 500 Weekly Price Forecast \x96 Stock Market Wipes Out Omicron Losses Shiba Inu Coin \x96 Bears Target a Slide to sub-$0.000030 Levels Elon Musk Continues to Offload Tesla Shares', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today\x92s support, resistance, pivot levels, and Fibonacci\x92s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Bitcoin\x92s (BTC) Day Prior Moves Bitcoin , BTC to USD, fell by 0.82% on Friday. Following a 5.73% slide on Thursday, Bitcoin ended the day at $47,208. After a mixed start to the day, Bitcoin rose to an early afternoon intraday high $50,212 before hitting reverse. Bitcoin broke through the first major resistance level at $49,833 before sliding to a late intraday low $47,051. Steering clear of the first major support level at $46,397, however, Bitcoin moved back through to $47,200 levels to limit the downside. The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another bearish session. Chainlink slumped by 8.57% to lead the way down once more, with Cardano\x92s ADA (-6.12%), Ethereum (-4.99%), Ripple\x92s XRP (-7.13%) also seeing heavy losses. Binance Coin (-3.15%), Bitcoin Cash SV (-1.95%), Crypto.com Coin (-2.74%), Litecoin (-1.95%) and Polkadot (-0.87%) saw relatively modest losses, however. In the current week, the crypto total market fell to a Monday low $2,124bn before rising to a late Tuesday high $2,417bn. At the time of writing, the total market cap stood at $2,133. Bitcoin\x92s dominance rose to a Monday high 41.96% before falling to a Thursday low 39.95%. At the time of writing, Bitcoin\x92s dominance stood at 41.57%. Bitcoin\x92s dominance last fell to sub-40% levels back in mid-September. This Morning At the time of writing, Bitcoin was down by 0.53% to $46,957. A mixed start to the day saw Bitcoin rise to an early morning high $47,378 before falling to a low $46,872. 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 5.08% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the $48,157 pivot to bring the first major resistance level at $49,263 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $48,500 levels. Barring an extended crypto rally, the first major resistance level and Friday\x92s high $50,212 would likely cap the upside. In the event of an extended rally, Bitcoin could test the second major resistance level at $51,318 before easing back. Failure to move through the $48,157 pivot would bring the first major support level at $46,102 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels and the 38.2% FIB of $44,144. The second major support level at $45,000 should limit the downside. Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Prediction \x96 Prices Rise but the Weather Remain Tepid The Weekly Wrap: Omicron and Market Sentiment towards the FED Drove the Markets Bitcoin (BTC) \x96 A Bearish Start to Test Support with Next Week\x92s FED Policy Decision in Focus ASX200: Weekly Wrap \x96 10/12/2021 Gold Weekly Price Forecast \x96 Gold Markets Continue to Go Sideways Crude Oil Price Forecast \x96 Crude Oil Markets Give Up Early Gains', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.\nBitcoin, BTC to USD, fell by 0.82% on Friday. Following a 5.73% slide on Thursday, Bitcoin ended the day at $47,208.\nAfter a mixed start to the day, Bitcoin rose to an early afternoon intraday high $50,212 before hitting
**Last 60 Days of Bitcoin's Closing Prices:**
[56041.06, 57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-11
**Financial & Commodity Data:**
- Gold Closing Price: $1782.90
- Crude Oil Closing Price: $71.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $915,654,861,000
- Hash Rate: 173208616.55983782
- Transaction Count: 271375.0
- Unique Addresses: 716381.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.16
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Crypto exchange Binance temporarily suspended withdrawals of meme token dogecoin following an upgrade on Thursday. Photo: Getty (Robert Way via Getty Images) Major cryptocurrencies were down on Friday morning after coming off recent all-time highs from earlier this week. Bitcoin ( BTC-USD ), the world's biggest cryptocurrency, was down by over 1.7% and was trading at $64,294 (£48,020). Bitcoin's price was down on Friday, after all time highs earlier this week. Chart: Yahoo Finance UK (Yahoo Finance UK) Ethereum ( ETH-USD ), the second largest crypto by market cap, was down almost 1.7% and was trading at $4,661. Bitcoin’s price hit $69,000 on Wednesday, crossing a previous record set late last month. Ethereum had hit a record high of $4,840, surpassing the $4,800 level for the first time ever. Solana ( SOL1-USD ), which has seen a recent surge in popularity, soaring in value by more than 15,000% since the beginning of this year, reaching an all-time-high of $260 on 7 November, was also down 7% to trade at $227. Solana was down 7% on Friday. Chart: Yahoo Finance UK (Yahoo Finance UK) Crypto exchange Binance temporarily suspended withdrawals of meme token dogecoin following an upgrade on Thursday. "We discovered a minor issue with DOGE network withdrawals on Binance after carrying out a version update on 2021-11-10,” Binance said in a post on Thursday morning . "As a result, we have temporarily suspended DOGE network withdrawals until this issue is resolved. Binance is actively working with the DOGE project team to resolve the issue," Binance said, while reassuring users that they could still withdraw dogecoin on other networks. Dogecoin fell on Friday. Chart: Yahoo Finance UK (Yahoo Finance UK) Some users have complained that the upgrade initiated the withdrawal of dogecoin from their accounts without their consent, and then asked them to return the dogecoin that they do not currently have in their Binance accounts. Binance developers explained that the initial withdrawal transactions appear to have been follow-up attempts to carry out requested transactions from years ago that were "stuck" due to "insufficient fees" even when the users no longer own the coins anymore. Dogecoin fell over 2.5% on Friday to trade at $0.255054. Watch: What are the risks of investing in cryptocurrency?...
- Reddit Posts (Sample): []...
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.
|
50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61
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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) -- Indian Prime Minister Narendra Modi’s personal Twitter account was hacked, his office said. Most Read from Bloomberg Can Indoor Farms Reach Skyscraper Height? Zero Taxes, Golf and Beach Houses Create a Crypto Island Paradise Saudi Arabia Wants Its Capital to Be Somewhere You’d Want to Live China Is Building the World’s Largest National Park System Boris Johnson’s Furious MPs Worry That His Next Misstep Could Be Fatal The account using the handle @narendramodi has since been restored after the brief incident, it added. “The matter was escalated to Twitter and the account has been immediately secured,” the Prime Minister’s office said in a tweet early Sunday. “In the brief period that the account was compromised, any Tweet shared must be ignored.” During the time the account was compromised, a tweet was sent falsely saying that India had officially adopted Bitcoin as the legal tender, and that the country has bought the digital currency which it would distribute to citizens. In late November, Finance Minister Nirmala Sitharaman said the government had no proposal to recognize Bitcoin as a currency in the country. Most Read from Bloomberg Businessweek China Initiative Set Out to Catch Spies. It Didn’t Find Many A Sunny Place for a Shady Online Business How a Beloved Vegetarian Restaurant Is Doing Better Than Ever, Despite Everything A Wild, Emotional Year Has Changed Investing—Maybe Forever From the Great Resignation to Lying Flat, Workers Are Opting Out ©2021 Bloomberg L.P.', '(Bloomberg) -- Indian Prime Minister Narendra Modi’s personal Twitter account was hacked, his office said.\nMost Read from Bloomberg\n• Can Indoor Farms Reach Skyscraper Height?\n• Zero Taxes, Golf and Beach Houses Create a Crypto Island Paradise\n• Saudi Arabia Wants Its Capital to Be Somewhere You’d Want to Live\n• China Is Building the World’s Largest National Park System\n• Boris Johnson’s Furious MPs Worry That His Next Misstep Could Be Fatal\nThe account using the handle @narendramodi has since been restored after the brief incident, it added.\n“The matter was escalated to Twitter and the account has been immediately secured,” the Prime Minister’s office said in a tweet early Sunday. “In the brief period that the account was compromised, any Tweet shared must be ignored.”\nDuring the time the account was compromised, a tweet was sent falsely saying that India had officially adopted Bitcoin as the legal tender, and that the country has bought the digital currency which it would distribute to citizens.\nIn late November, Finance Minister Nirmala Sitharaman said the government had no proposal to recognize Bitcoin as a currency in the country.\nMost Read from Bloomberg Businessweek\n• China Initiative Set Out to Catch Spies. It Didn’t Find Many\n• A Sunny Place for a Shady Online Business\n• How a Beloved Vegetarian Restaurant Is Doing Better Than Ever, Despite Everything\n• A Wild, Emotional Year Has Changed Investing—Maybe Forever\n• From the Great Resignation to Lying Flat, Workers Are Opting Out\n©2021 Bloomberg L.P.', "The Twitter account of India’s Prime Minister Narendra Modi was “briefly compromised” on Sunday, his office said. Modi’s account -- whose handle is @narendramodi -- tweeted after the midnight that India had officially adopted bitcoin as a legal tender, prompting suspicions about a hack because of the timing of the announcement and also as New Delhi in recent months has suggested that it will be introducing a strict law to regulate cryptocurrency . Late last month, country's Finance Minister Nirmala Sitharaman said New Delhi had no proposal to recognize bitcoin as a currency in the country. The Sunday tweet, which has since been deleted, included a link to a sketchy website and said New Delhi had purchased some bitcoins and was planning to distribute them among the nation’s residents. Was the Twitter account of the Hon'ble PM shri #NarendraModi ji hacked? And promise of #Bitcoin !! pic.twitter.com/uz1U2IAJaZ — Tehseen Poonawalla Official 🇮🇳 (@tehseenp) December 11, 2021 https://platform.twitter.com/widgets.js The Prime Minister Modi’s office tweeted on Sunday that Modi’s account had been fully secured and any tweets shared during that period “must be ignored.” Modi, with over 73 million followers on Twitter, is one of the most popular accounts on the social network. Twitter and Prime Minister’s office said the social network took the necessary steps to secure the account as soon as it became aware of the activity. It wasn't clear who had hacked the account. The sketchy blog it linked to was not accessible at the time of publication.", 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.\nBitcoin, BTC to USD, rose by 4.73% on Saturday. Reversing a 0.82% loss from Friday, Bitcoin ended the day at $49,426.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $46,872 before making a move. Steering clear of the first major support level at $46,102, Bitcoin rose to a late intraday high $49,522.\nBitcoin broke through the first major resistance level at $49,263 to wrap up the day at $49,400 levels.\nThe near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish session.\nCardano’s ADAjumped by 11.73% to lead the way.Chainlink(+7.44%) andLitecoin(+6.44%) also found strong support.\nBinance Coin(+2.04%),Bitcoin Cash SV(+4.53%),Crypto.com Coin(+0.91%),Ethereum(+4.79%), Polkadot (+0.27%), andRipple’s XRP(+4.84%) trailed the front runners, however.\nIn the current week, the crypto total market rose to a Tuesday high $2,420bn before falling to a Saturday low $2,116bn. At the time of writing, the total market cap stood at $2,261.\nBitcoin’s dominance rose to a Monday high 41.90% before falling to a Thursday low 39.90%. At the time of writing, Bitcoin’s dominance stood at 41.49%.\nAt the time of writing, Bitcoin was up by 0.51% to $49,676. A mixed start to the day saw Bitcoin fall to an early morning low $49,372 before rising to a high $49,721.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nChainlink (-0.14%) and Polkadot (-0.23%) bucked the early trend.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Cardano’s ADA was up by 1.85% to lead the way.\nBitcoin would need to avoid the $48,607 pivot to bring the first major resistance level at $50,341 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $50,000 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test the 23.6% FIB $53,628 before any pullback. The second major resistance level sits at $51,257.\nA fall through the $48,607 pivot would bring the first major support level at $47,691 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels and the 38.2% FIB of $44,144. The second major support level at $45,957 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Weekly Price Forecast – Stock Market Wipes Out Omicron Losses\n• Bitcoin (BTC) – A Return to $50,000 Would Support a Run at $53,000\n• Oil Price Fundamental Daily Forecast – Underpinned by Weaker Dollar, Easing Omicron Fears\n• Shiba Inu Coin – Bears Target a Slide to sub-$0.000030 Levels\n• S&P 500 Price Forecast – Stock Markets Reach Towards Highs Again\n• Elon Musk Continues to Offload Tesla Shares', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.\nBitcoin, BTC to USD, rose by 4.73% on Saturday. Reversing a 0.82% loss from Friday, Bitcoin ended the day at $49,426.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $46,872 before making a move. Steering clear of the first major support level at $46,102, Bitcoin rose to a late intraday high $49,522.\nBitcoin broke through the first major resistance level at $49,263 to wrap up the day at $49,400 levels.\nThe near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish session.\nCardano’s ADAjumped by 11.73% to lead the way.Chainlink(+7.44%) andLitecoin(+6.44%) also found strong support.\nBinance Coin(+2.04%),Bitcoin Cash SV(+4.53%),Crypto.com Coin(+0.91%),Ethereum(+4.79%), Polkadot (+0.27%), andRipple’s XRP(+4.84%) trailed the front runners, however.\nIn the current week, the crypto total market rose to a Tuesday high $2,420bn before falling to a Saturday low $2,116bn. At the time of writing, the total market cap stood at $2,261.\nBitcoin’s dominance rose to a Monday high 41.90% before falling to a Thursday low 39.90%. At the time of writing, Bitcoin’s dominance stood at 41.49%.\nAt the time of writing, Bitcoin was up by 0.51% to $49,676. A mixed start to the day saw Bitcoin fall to an early morning low $49,372 before rising to a high $49,721.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nChainlink (-0.14%) and Polkadot (-0.23%) bucked the early trend.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Cardano’s ADA was up by 1.85% to lead the way.\nBitcoin would n
**Last 60 Days of Bitcoin's Closing Prices:**
[57401.10, 57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-12
**Financial & Commodity Data:**
- Gold Closing Price: $1782.90
- Crude Oil Closing Price: $71.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $928,541,368,950
- Hash Rate: 168385593.54016247
- Transaction Count: 214808.0
- Unique Addresses: 567489.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.27
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Major stock indexes from New York to Hong Kong plunged Friday asinvestors abandoned riskier stocksin the wake of thediscovery of the new Omicron variant. And despite upward moves on Monday, most are still significantly below their pre-Omicron levels. Amid all the movement, one asset stands out for its perilous plunge—and later steep rise: crypto.
Cryptocurrencies took a gigantic hit Friday—crypto king Bitcoin fell by over 9% at one point, to just over $53,000—and then wallowed in the depths until early Monday when they popped. Bitcoin rose to almost $58,000 early Monday in Europe, leaving it less than 2% below its Thursday, pre-Omicron levels of around $59,000. Similarly, Ether, the second-largest digital currency, dropped from its Thursday high around $4,500 by more than 11% but is now back up to $4,350—about 3% down from Thursday.
Stock markets have notendured the same ride—nor the same bounce-back. In Asia, the Nikkei 225 fell by 2.53% on Friday—its worst loss in five months—and finished Monday trading 4.17% below its Thursday close price. Over in Hong Kong, the Hang Seng Index fell by 2.67% on Friday and closed Monday 3.73% down from its Thursday close.
Europe—which has been quick to shutter its doors and stop travel from the Global South—saw its markets drop harder on the first day, with the Stoxx 600 falling by 3.5% and the U.K’s FTSE 100 falling by 2.7% on Friday. While the Europe Stoxx 600 had recovered by 1.12% on Monday, and the FTSE by 1.32%, neither has fully made back its losses from Friday. The situation was similar in the U.S., where S&P 500 futures were up only 0.8% just before markets opened on Monday after the index tumbled by 2.3% on Friday.
The remarkable plunge and recovery of cryptocurrency prices provides more evidence that their price movement is coming uncoupled from tech stocks, with which they have historically moved in tandem. This decoupling hasbeen going on for some time, with the 30-day correlation between cryptocurrencies and theNasdaq100 index recently falling to almost zero in mid-November from its 2021 peak of 0.56 at the end of September.
Crypto’s huge Friday plunge in value might be attributable to investors’ increasing use ofdebt through margin borrowingto bet on stocks, which makes them more sensitive to volatility in the markets.
The plunge could also show that trade in the digital coin is “overcrowded,” Scott Thiel, chief fixed-income strategist forBlackRock, told Bloomberg TV on Monday. Trade in a risk asset becomes overcrowded when an excessive number of investors pile in, a condition that, in the worst cases, can lead to a speculative bubble. Market observers say such trades are particularly vulnerable to sudden plunges on the arrival of a news shock—like the appearance of Omicron.
Die-hard crypto traders didn’t seem to mind the plunge at all, however. On crypto discussion forums, some posters likened the price cut to aBlack Friday sale.
https://twitter.com/BTC_Archive/status/1464189767017545739
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.
|
46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51
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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:**
['Few people have the power to control markets with a single tweet – Tesla (TSLA) chief Elon Musk arguably tops that list.\nFor instance, just the picture of his new pet dog, a Shiba Inu puppy, sent soaring the price of a joke token of the same name. The dog was called Floki, and the tweet sent another meme token called Floki coin to an all-time high with a 250% surge in price.\nBitcoin (BTC-USD), the world\'s number one crytpo, isn’t immune to his tweets either.\nIn March, Musk tweeted that consumers can buy Tesla cars with bitcoin, only to say in May that the practice was suspended due to worries about the carbon foot print of bitcoin mining and transactions, causing the price of bitcoin to fall around 15%.\nIn June he said Tesla would allow transactions in bitcoin once mining is done with more clean energy, sending bitcoin up.\n“Musk has gained a reputation as an innovator in many industries and his achievements have earned him a significant weight in investors\' minds,” Wael Makarem, senior market strategist MENA at trading platform Exness told Yahoo Finance UK.\nMakarem pointed out how he “notoriously gave some previously unknown cryptos like dogecoin legitimacy among the masses".\nRead more:Live crypto prices\nCase in point: a tweet in May when he said he was working with the crypto\'s developers to improve its efficiency as a means of payment. Dogecoin (DOGE-USD) soared on the day.\nMakarem said this influence on the crypto industry could wane “as the industry matures and builds solid use cases besides speculation".\nBut Musk\'s tweets are not limited to cryptos. Companies like GameStop (GME) and Etsy (ETSY) have seen their stocks surge thanks to a mere mention by him.\nKunal Sawhney, CEO at Kalkine Group, said that “the leading centibillionaire commands a massive base of followers across the world, subsequent to which all his actions and expressions are taken into consideration".\n“Being the principal innovator behind the success of Tesla, SpaceX, OpenAI, Neuralink and The Boring Company, Musk has an ability to discuss on wide range of topics, be it the crypto-ecosystem, capital markets, currencies, oil, automobile & green energy,” he said.\n“Following the widened outreach of Musk’s word on social media, a large section of people unequivocally incorporate his pieces of advice into their own trade setups and thought processes behind investing into a particular asset, irrespective of the persisting volatility.”\nAs the year comes to an end, here is a look at Musk’s top tweets that shook up the crypto world.\n1. Musk shows Etsy some love\nIn January, Musk showed his appreciation for Etsy, a US e-commerce company known for selling handmade items and craft supplies, taking its stock to a record high.\n2. GameStop gets a boost\nGameStop\'s stock was flying high after Musk tweeted "Gamestonk!!", along with a link to Reddit\'s Wallstreetbets stock trading discussion group, members of which had piled into GameStop\'s soaring stock.\nGameStop was already up over 600% when Musk weighed in on the rally as the group battled it out with institutional short-sellers.\n3. The love-hate relationship with bitcoin\nElon Musk first tweeted that Tesla would accept payments via bitcoin, but less than two months later appeared to have changed his mind.\n"Both tweets affected markets, but also opened debate and caused controversy," said Jason Deane, chief bitcoin analyst at Quantum Economics.\n"The fact that he announced and reversed his decision so quickly because of \'environmental concerns\' either indicated that he hadn’t done his research properly in the first place - which seems unlikely in Musk’s case - or was under pressure from outside parties to do so."\n"Perhaps this was the company board, perhaps it was due to the green subsidy arrangement he has in place with government bodies who disapproved of the announcement. At this stage, we can’t be sure, but the whole event was curious."\nHe also said that since Musk promised that he would accept bitcoin again when over 50% of the bitcoin network ran on renewable or clean energy, strides in new tech and a drive for efficiency has continued to reduce bitcoin’s carbon footprint .\n"Yet Musk has still reintroduced bitcoin payments. Clearly there are other factors."\n4. The power of the doge\nThe SpaceX CEO sent dogecoin prices up 30% in May after tweeting that he was working with developers to improve the currency’s efficiency. He\'s often supported the crypto – he called "the people\'s currency" in October. This caused the joke token to surge more than 60%.\n"Musk has a social following that is many, many times larger than the readerships and viewerships of legacy media outlets... So of course he can move markets, especially when those markets are driven by meme-loving retail investors who are relatively inexperienced, think they don’t have much to lose, and are therefore willing to put their money into dogecoin and Shiba Inu without hesitation," Josh Goodbody, COO of Qredo, a network of digital asset custodian tools for financial institutions, told Yahoo Finance UK.\n"Indeed, there are politicians who would dream of having the level of power he has over the economy, but most don’t have Elon’s meme-wizardry — or, depending on the perspective of the viewer, trolling — skills".\nMeanwhile Deane said that his tweets about dogecoin have probably been the most controversial, "in terms of directly promoting a joke cryptocurrency that will almost certainly result is many people getting financially wiped out, if it hasn’t already".\n5. In-flight entertainment\nIn October, Musk tweeted he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by SpaceX. Because of this, shares of rival in-flight internet provider Gogo(GOGO) fell.\n6. Asking the people\nIn November perhaps one of the most surprising tweets came from Musk, asking his followers if he should sell 10% of his Tesla stock. He went as far as to say: "I will abide by the results of this poll, whichever way it goes."\nAfter almost 58% of 3.5 million Twitter users voted yes, Tesla shares tumbled the most they had done in eight months.\nMusk did in fact keep to his word and start selling his personal Tesla holdings.\n"Musk, along with so many leaders in business and politics, can circumvent the gatekeepers of old and build their own followings so as to make announcements about their company and/or government policies," said Adrian Kolody, the founder of Domination Finance, a non-custodial, decentralised exchange for dominance trading.\n"Musk is perhaps the best at this because he’s fun and controversial and, moreover, because he has more than 60 million followers. That’s roughly two times the population of Canada. So when he gets on Twitter, he has influence. He is, after all, a memelord."\nWatch: What are the risks of investing in cryptocurrency?', 'By Alun John\nHONG KONG, Dec 13 (Reuters) - The dollar was quiet at the start of a week in which central bank meetings, including by the Federal Reserve, will likely drive currency markets, while sterling fell slightly after Boris Johnson warned about the impact of the new COVID-19 variant.\nThe dollar index, which measures the greenback against a basket of six major peers, was little changed at 96.091, down from as high as 96.938 in mid November, before news of the omicron variant of the new coronavirus became widespread.\nOn Monday, the euro inched higher to $1.1316 while the yen lost a little ground to 113.51 per dollar.\nThe pound slipped 0.1% to $1.3257 after British Prime Minister Johnson on Sunday said Britain faces a "tidal wave" of the Omicron variant of coronavirus and that two vaccine doses will not be enough to contain it.\nMarkets have swung widely since the new strain emerged due to worries it could have a major impact, initially driving flows to safe-haven assets. Reports that it may not be as bad as feared caused these flows to reverse last week.\n"All I want for Christmas is clarity," analysts at Barclays headlined a research note.\nBreaking news about the Omicron variant aside, the most significant scheduled events for currency markets this week are central bank policy meetings, with six of the G10 central banks and a number of emerging-market central banks set to meet.\n"Central banks will need to strike a difficult balance between Omicron-induced uncertainty and elevated inflation levels," the Barclays analysts said.\nThe most important is the Federal Reserve\'s two day meet which wraps up on Wednesday.\nInvestors now expect the Fed to announce an acceleration of tapering its bond buying programme, opening the door to at least one interest rate hike next year.\nTraders now see a more than 50% chance of a rate hike by May 2022, according to the CME Group\'s FedWatch programme.\nAn acceleration of tapering would likely support the dollar particularly versus currencies whose central banks will likely be slower to tighten.\n"The Fed meeting certainly could prove the catalyst for EUR/USD to break down to 1.10. Though investors may prefer to wait from the ECB the next day before chasing the move. USD/JPY could also be pressing 115 post Fed," said ING analysts in a note.\nBoth the European Central Bank and the Bank of Japan will review their policy settings this week. Market players are starting to talk about the possibility of the ECB turning more hawkish, while the BoJ is likely to remain dovish.\nAlso holding meetings are the Bank of England, and the Norwegian and Swiss central banks.\nBitcoin was trading just under $50,000 after the world\'s largest cryptocurrency climbed a little over the weekend, but still has work to do to reclaim November\'s record high of $69,000.\n(Reporting by Alun John; Editing by Stephen Coates)', 'By Alun John HONG KONG, Dec 13 (Reuters) - The dollar was quiet at the start of a week in which central bank meetings, including by the Federal Reserve, will likely drive currency markets, while sterling
**Last 60 Days of Bitcoin's Closing Prices:**
[57321.52, 61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-13
**Financial & Commodity Data:**
- Gold Closing Price: $1786.30
- Crude Oil Closing Price: $71.29
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $919,584,310,018
- Hash Rate: 169588347.7797351
- Transaction Count: 278211.0
- Unique Addresses: 690479.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.28
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto BeInCrypto takes a look at on-chain Bitcoin indicators, such as the BTC balances held on exchange addresses and the exchange net position change. This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto...
- 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.
|
46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54
|
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:**
['This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple\x92s XRP. We will be looking at previous day price action and today\x92s support, resistance, and pivot levels and, when in play, the Fibonacci\x92s. Ethereum (ETH) Ethereum (ETH) slid by 8.45% on Monday. Reversing a 1.02% gain from Sunday, Ethereum ended the day at $3,784. A bearish day saw Ethereum slide from an early morning intraday high $4,146, to a late intraday low $3,660. Ethereum fell through the day\x92s major support levels and through the 23.6% FIB of $3,738. Finding late support, however, Ethereum broke back through the third major support level at $3,709 and the 23.6% FIB to end the day at $3,780 levels. At the time of writing, Ethereum was down by 0.37% to $3,770. A mixed start to the day saw Ethereum rise to an early morning high $3,787 before falling to a low $3,766. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $3,863 pivot to bring the first major resistance level at $4,067 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,000 levels. Barring an extended rally, the first major resistance level should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at $4,300 levels before any pullback. The second major resistance level sits at $4,349. Failure to move through the $3,863 pivot would bring the 23.6% FIB of $3,738 and the first major support level at $3,581 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,500 levels. The second major support sits level at $3,377. Looking at the Technical Indicators First Major Support Level: $3,581 Pivot Level: $3,863 First Major Resistance Level: $4,067 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin (LTC) slid by 9.07% on Monday. Reversing a 0.52% rise from Sunday, Litecoin ended the day at $144.62. Story continues Tracking the broader market, Litecoin fell from an early morning intraday high $159.97 to a late intraday low $142.74. The extended sell-off saw Litecoin fall through the first major support level at $154 and the second major support level at $149. Steering clear of sub-$140 levels, however, Litecoin found support to revisit $146 levels before easing back. At the time of writing, Litecoin was down by 0.52% to $143.87. A bearish start to the day saw Litecoin fall from an early morning high $144.74 to a low $143.83. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $149 pivot to bring the first major resistance level at $156 into play. Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels. Barring an extended crypto rally, the first major resistance level and Monday\x92s high $159.97 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at $170 before any pullback. The second major resistance level sits at $166. Failure to move through the $149 pivot would bring the first major support level at $138 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$135 levels. The second major support level sits at $132. Looking at the Technical Indicators First Major Support Level: $138 Pivot Level: $149 First Major Resistance Level: $156 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP slid by 6.92% on Monday. Reversing a 0.10% gain from Sunday, Ripple\x92s XRP ended the day at $0.78227. A mixed start to the day saw Ripple\x92s XRP rise to an early morning intraday high $0.84403 before hitting reverse. Falling short of the 23.6% FIB of $0.8533 and the first major resistance level at $0.8614, Ripple\x92s XRP slid to a late intraday low $0.76127. Ripple\x92s XRP fell through the first major support level at $0.8151 and the second major support level at $0.7897. Steering clear of sub-$0.75 support levels, however, Ripple\x92s XRP revisited $0.79 before ending the day at sub-$0.785 levels. The second major support level pegged Ripple\x92s XRP back late in the day. At the time of writing, Ripple\x92s XRP was down by 0.85%. A bearish start to the day saw Ripple\x92s XRP fall from an early morning high $0.78219 to a low $0.77561. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP would need to move through the $0.7959 pivot to bring the first major resistance level at $0.8304 into play. Support would be needed, however, for Ripple\x92s XRP to break back through to $0.80 levels. Barring an extended crypto rally, the first major resistance level and Monday\x92s high $0.84403 would likely cap the upside. In the event of a broad-based crypto rally, Ripple\x92s XRP could test resistance at $0.90 before any pullback. The second major resistance level sits at $0.8786. Ripple\x92s XRP would need plenty of support, however, to breakout from the 23.6% FIB of $0.8533. Failure to move through the $0.7959 pivot would bring the first major support level at $0.7477 into play. Barring another extended sell-off, however, Ripple\x92s XRP should avoid the second major support level at $0.7131. Looking at the Technical Indicators First Major Support Level: $0.7477 Pivot Level: $0.7959 First Major resistance Level: $0.8304 23.6% FIB Retracement Level: $0.8533 38.2% FIB Retracement Level: $1.0659 62% FIB Retracement Level: $1.4096 Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast \x96 Crude Oil Markets Continue Lackluster Performance European Equities: Omicron and Sentiment towards FED Monetary Policy to Overshadow Today\x92s Stats SPDR Portfolio S&P 600 Small Cap ETF has Underperformed in Recent Weeks Ethereum (ETH), Litecoin (LTC), and Ripple\x92s XRP \x96 Bears Likely to Remain in Control Big Money Must Be Costco Members A Busier Economic Calendar Puts the Pound in Focus amidst Rising COVID-19 Cases', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today\x92s support, resistance, pivot levels, and Fibonacci\x92s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Bitcoin\x92s Day Prior Moves Bitcoin , BTC to USD, slid by 6.72% on Monday. Reversing a 1.41% rise from Sunday, Bitcoin ended the day at $46,749. A mixed start to the day saw Bitcoin rise to an early morning intraday high $50,234 before hitting reverse. Falling short of the first major resistance level at $51,052, Bitcoin slid to a late intraday low $45,788. The extended sell-off saw Bitcoin fall through the first major support level at $48,942 and the second major support level at $47,761. Steering clear of the third major support level at $45,651, however, Bitcoin moved revisited $47,000 levels before easing back. The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish session. Chainlink slumped by 12.97% to lead the way down, with Binance Coin (-8.72%), Cardano\x92s ADA (-9.13%), Crypto.com Coin (-8.81%), Ethereum (-8.45%), and Litecoin (-9.07%) also deep in the red. Bitcoin Cash SV (-6.45%), Polkadot (-5.81%), and Ripple\x92s XRP (-6.92%) saw relatively modest losses, however. Early in the week, the crypto total market rose to a Monday high $2,284bn before falling to a Monday low $2,061bn. At the time of writing, the total market cap stood at $2,099bn. Bitcoin\x92s dominance fell to a Monday low 41.52% before rising to a Monday high 42.06%. At the time of writing, Bitcoin\x92s dominance stood at 41.86%. This Morning At the time of writing, Bitcoin was down by 0.66% to $46,438. A mixed start to the day saw Bitcoin rise to an early morning high $46,839 before falling to a low $46,438. 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 2.43% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the $47,590 pivot to bring the first major resistance level at $49,393 into play. Support from the broader market would be needed, however, for Bitcoin to breakout from $48,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap the upside. In the event of an extended rally, Bitcoin could test the 23.6% FIB $53,628 before any pullback. The second major resistance level sits at $52,036. Failure to move through the $47,590 pivot would bring the first major support level at $44,947 and the 38.2% FIB of $44,144 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $43,144. Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast \x96 Crude Oil Markets Continue Lackluster Performance European Equities: Omicron and Sentiment towards FED Monetary Policy to Overshadow Today\x92s Stats E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis \x96 Momentum Shifts to Down Under 35488 Natural Gas Price Forecast \x96 Natural Gas Markets Fill Gap Silver Price Prediction \x96 Prices Rise as Treasury Yields Decline SPDR Portfolio S&P 600 Small Cap ETF has Underperformed in Recent Weeks', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the
**Last 60 Days of Bitcoin's Closing Prices:**
[61593.95, 60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-14
**Financial & Commodity Data:**
- Gold Closing Price: $1770.40
- Crude Oil Closing Price: $70.73
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $919,184,976,938
- Hash Rate: 178007627.4567432
- Transaction Count: 278275.0
- Unique Addresses: 684529.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.21
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin miner Rhodium Enterprises intends to become a publicly traded company, according to afilingwith the U.S. Securities and Exchange Commission (SEC), in which it outlined plans to raise up to $100 million.
• The Delaware-based company, which started mining in September 2020, will trade under the ticker RHDM. The miner generated revenue, net income and adjusted EBITDA of $48.2 million, $14.9 million and $40.9 million, respectively, during the six months ended June 30, according to the filing.
• Rhodium plans to use its proprietary liquid-cooling technology to mine bitcoins cost effectively. The company said that the technology extends the mechanical life of its bitcoin miners by 30%-50%.
• Rhodium said that its 80 megawatt (MW) of power capacity is enough to run more than 22,600 miners at its “initial Texas site.” These miners have a total hashrate of about 1.8 exahash per second (EH/s).
• The company expects to add 45 MW of additional power and grow its hashrate to approximately 2.7 EH/s by year’s end.
• Rhodium is launching a second Texas mining facility by April 2022, and it has already acquired miners with approximately 225 MW of power for delivery the same month.
• B. Riley Securities is the sole book running manager of the IPO....
- Reddit Posts (Sample): []...
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.
|
48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20
|
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:**
['This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.\nBitcoin, BTC to USD, rose by 3.51% on Tuesday. Partially reversing a 6.72% slide from Monday, Bitcoin ended the day at $48,399.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $46,356 before making a move. Steering clear of the first major support level at $44,947, Bitcoin rallied to a late intraday high $48,684.\nFalling short of the first major resistance level at $49,393, however, Bitcoin eased back to end the day at sub-$48,500 levels.\nThe near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed session.\nCrypto.com Coinand Polkadot bucked the trend on the day, falling by 1.35% and by 2.70% respectively.\nIt was a bullish session for the rest of the majors, however.\nLitecoinled the way, rising by 4.04%.\nCardano’s ADA(+3.59%),Chainlink(+3.78%), andRipple’s XRP(+3.76%) also found strong support.\nBinance Coin(+1.44%),Bitcoin Cash SV(+1.02%), andEthereum(+2.03%) trailed the front runners, however.\nEarly in the week, the crypto total market rose to a Monday high $2,297bn before falling to a Monday low $2,049bn. At the time of writing, the total market cap stood at $2,185bn.\nBitcoin’s dominance fell to a Monday low 41.33% before rising to a Tuesday high 42.25%. At the time of writing, Bitcoin’s dominance stood at 41.85%.\nAt the time of writing, Bitcoin was down by 0.02% to $48,391. A mixed start to the day saw Bitcoin rise to an early morning high $48,400 before falling to a low $48,282.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (-0.02%), Chainlink (-0.12%), and Ripple’s XRP (-0.33%) joined Bitcoin (BTC) 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 2.45% to lead the way.\nBitcoin would need to avoid the $47,813 pivot to bring the first major resistance level at $49,270 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $48,684.\nBarring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $50,141.\nA fall through the $47,813 pivot would bring the first major support level at $46,942 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 $45,485 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Silver Price Prediction – Prices Drop as the Dollar Gains Traction\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Sellers Targeting 15567.25 – 15284.00 Support\n• Natural Gas Price Prediction – Prices Fall and Form Bear Flag\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Sellers Eyeing 34815 – 34457\n• European Equities: U.S Retail Sales, the FED, and Omicron in Market Focus\n• NZD/USD Forex Technical Analysis – Sustained Move Under .6735 Puts One-Year Low at .6589 on Radar', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today\x92s support, resistance, pivot levels, and Fibonacci\x92s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Bitcoin\x92s Day Prior Moves Bitcoin , BTC to USD, rose by 3.51% on Tuesday. Partially reversing a 6.72% slide from Monday, Bitcoin ended the day at $48,399. A mixed start to the day saw Bitcoin fall to an early morning intraday low $46,356 before making a move. Steering clear of the first major support level at $44,947, Bitcoin rallied to a late intraday high $48,684. Falling short of the first major resistance level at $49,393, however, Bitcoin eased back to end the day at sub-$48,500 levels. The near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed session. Crypto.com Coin and Polkadot bucked the trend on the day, falling by 1.35% and by 2.70% respectively. It was a bullish session for the rest of the majors, however. Litecoin led the way, rising by 4.04%. Cardano\x92s ADA (+3.59%), Chainlink (+3.78%), and Ripple\x92s XRP (+3.76%) also found strong support. Binance Coin (+1.44%), Bitcoin Cash SV (+1.02%), and Ethereum (+2.03%) trailed the front runners, however. Early in the week, the crypto total market rose to a Monday high $2,297bn before falling to a Monday low $2,049bn. At the time of writing, the total market cap stood at $2,185bn. Bitcoin\x92s dominance fell to a Monday low 41.33% before rising to a Tuesday high 42.25%. At the time of writing, Bitcoin\x92s dominance stood at 41.85%. This Morning At the time of writing, Bitcoin was down by 0.02% to $48,391. A mixed start to the day saw Bitcoin rise to an early morning high $48,400 before falling to a low $48,282. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a mixed start to the day. Binance Coin (-0.02%), Chainlink (-0.12%), and Ripple\x92s XRP (-0.33%) joined Bitcoin (BTC) 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 2.45% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid the $47,813 pivot to bring the first major resistance level at $49,270 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday\x92s high $48,684. Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $50,141. A fall through the $47,813 pivot would bring the first major support level at $46,942 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 $45,485 should limit the downside. Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Prediction \x96 Prices Drop as the Dollar Gains Traction E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis \x96 Sellers Targeting 15567.25 \x96 15284.00 Support Natural Gas Price Prediction \x96 Prices Fall and Form Bear Flag E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis \x96 Sellers Eyeing 34815 \x96 34457 European Equities: U.S Retail Sales, the FED, and Omicron in Market Focus NZD/USD Forex Technical Analysis \x96 Sustained Move Under .6735 Puts One-Year Low at .6589 on Radar', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.\nBitcoin, BTC to USD, rose by 3.51% on Tuesday. Partially reversing a 6.72% slide from Monday, Bitcoin ended the day at $48,399.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $46,356 before making a move. Steering clear of the first major support level at $44,947, Bitcoin rallied to a late intraday high $48,684.\nFalling short of the first major resistance level at $49,393, however, Bitcoin eased back to end the day at sub-$48,500 levels.\nThe near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed session.\nCrypto.com Coinand Polkadot bucked the trend on the day, falling by 1.35% and by 2.70% respectively.\nIt was a bullish session for the rest of the majors, however.\nLitecoinled the way, rising by 4.04%.\nCardano’s ADA(+3.59%),Chainlink(+3.78%), andRipple’s XRP(+3.76%) also found strong support.\nBinance Coin(+1.44%),Bitcoin Cash SV(+1.02%), andEthereum(+2.03%) trailed the front runners, however.\nEarly in the week, the crypto total market rose to a Monday high $2,297bn before falling to a Monday low $2,049bn. At the time of writing, the total market cap stood at $2,185bn.\nBitcoin’s dominance fell to a Monday low 41.33% before rising to a Tuesday high 42.25%. At the time of writing, Bitcoin’s dominance stood at 41.85%.\nAt the time of writing, Bitcoin was down by 0.02% to $48,391. A mixed start to the day saw Bitcoin rise to an early morning high $48,400 before falling to a low $48,282.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (-0.02%), Chainlink (-0.12%), and Ripple’s XRP (-0.33%) joined Bitcoin (BTC) 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 2.45% to lead the way.\nBitcoin would need to avoid the $47,813 pivot to bring the first major resistance level at $49,270 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $48,684.\nBarring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap the upsid
**Last 60 Days of Bitcoin's Closing Prices:**
[60892.18, 61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-15
**Financial & Commodity Data:**
- Gold Closing Price: $1762.60
- Crude Oil Closing Price: $70.87
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $914,681,802,348
- Hash Rate: 169588347.7797351
- Transaction Count: 281103.0
- Unique Addresses: 707659.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.28
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Danilo Masoni and Saikat Chatterjee
LONDON (Reuters) - It is exactly a year since Pfizer's announcement of a breakthrough on its experimental COVID-19 vaccine but from emerging markets to airline stocks, many of the trades that were expected to benefit from economies reopening have underwhelmed.
Pfizer-BioNTech's news on Nov. 9, 2020, that their vaccine was more than 90% effective against COVID-19 was seen as a major victory in the fight against a pandemic that had killed more than a million people, pushed the world into recession and roiled markets.
It triggered a frenzy of bets on assets such as emerging markets, "value" stocks and high-yielding debt - which suffered most as economies shut down during the pandemic.
Fast forward a year and COVID-19 is no longer the top concern of investors polled each month by BoFA analysts. But markets have not followed the script.
1/ STOCKS
For "value" sectors such as banks and energy, dogged for years by low valuations and poor growth prospects, COVID-19 was the final straw, sending MSCI's value index to a record low relative to MSCI Growth.
The latter comprises high-flying tech sector names.
Pfizer's vaccine was seen bringing about a value revival, yet several waves of rotation from growth to value in the past year have proved short-lived. The result: the value index is not far off record lows hit in 2020 against MSCI Growth.
The year saw global stocks add nearly $16 trillion in market capitalisation but much was down to tech, possibly as reopenings - and economic recovery - were stymied by COVID. Tech accounts now for 24% of global market cap, from 20% a year back.
Airline shares, considered prime vaccine beneficiaries, have risen less than 20%, versus 42% tech gains
"The exuberance of the Pfizer jab one year ago has been replaced by the after-shock of COVID on supply chains, labour market mismatch and inflation angst," said Kenneth Broux, a strategist at Societe Generale in London.
Underperformance is starkest in emerging equities which have gained a meagre 7% as central banks raised rates to combat inflation and tourism failed to recover.
For a related graphic on Value vs Growth, click https://fingfx.thomsonreuters.com/gfx/mkt/xmpjorreovr/value%20vs%20growth.PNG.
For a related graphic on world stocks, click https://fingfx.thomsonreuters.com/gfx/mkt/akpezmmxyvr/world%20stocks.JPG.
BONDS
Sovereign bonds were among the biggest losers immediately after the vaccine news. But over the following year, safe-haven, low-yielding Swiss and Japanese bonds have led returns while holders of relatively high-yielding debt from Italy and Australia endured losses.
U.S., British and German 10-year government borrowing costs have jumped 40-65 basis points; U.S. yields are on track for their biggest annual rise since 2013.
For a related graphic on Bonds, click https://fingfx.thomsonreuters.com/gfx/mkt/jnpwexxbbpw/bonds.JPG.
CURRENCIES
A 100%-plus oil price rise has sent the Norwegian crown and Canadian dollar up 6% and 4% respectively.
But other reflation bets such as the euro and the Australian dollar have been hit by China's economic slowdown and signs their central banks will move slowly with policy tightening.
With the U.S. dollar index up 4.5%, its best year so far since 2015, emerging market currencies have lagged too.
Currencies such as the tourism-oriented Thai baht have started to gain recently, benefiting from the ditching of zero-COVID curbs, rather than vaccinations.
For a related graphic, click https://fingfx.thomsonreuters.com/gfx/mkt/zgvomkkzyvd/EM%20currencies.JPG
CRYPTO
Bitcoin slipped on Nov. 9, 2020; expectations were that vaccinated retail traders would return to employment and cut back dabbling in crypto. Instead the coin has surged a blistering 340% since then to roughly $68,000.
Rival ether is up almost 1,000%.
The gains are, however, down to abundant liquidity stemming from central bank and government largesse, rather than vaccines.
For arelated graphic on Bitcoin, click https://fingfx.thomsonreuters.com/gfx/mkt/gdpzyddbnvw/bitcoin.JPG.
(Reporting by Saikat Chatterjee, Danilo Masoni, Dhara Ranasinghe, Marc Jones and Elizabeth Howcroft; editing by Sujata Rao and Nick Macfie)...
- 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.
|
47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86
|
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:**
['Shiba Inu dog breed has soared in popularity after crypto tokens being named after it. Photo: Getty (chendongshan via Getty Images) The crypto bull cycle is far from over and throughout 2021, two memecoins became the surprise winners in terms of having almost parabolic price appreciation. The astonishing yearly gains of dogecoin, and its underdog rival shiba Inu, have stolen the limelight from the more serious crypto-offerings such as bitcoin and ethereum. Shiba inu ( SHIB ) increased in value by 83,000,000% since this time last year, and dogecoin ( DOGE ) rose by 9,567% since the beginning of the year. The steep appreciation in the value of the world\x92s two major memecoins saw a marked shift in media attention from the blue-chip cryptocurrencies, such as ethereum and bitcoin, to the rivalry of dogecoin and shiba inu and their dubious use cases. By August, Google searches for shiba inu and dogecoin had dwarfed searches for the more serious crypto offerings. Mainstream media outlets were quick to capitalise on the growing interest to exploit the higher audience engagement for increased advertising revenues. Recent data from BrokerChooser analysed the online search volume of all cryptocurrencies and found that shiba inu topped the list of most actively searched cryptocurrency throughout the year. A statement from BrokerChooser said: "Shiba inu coin had just 70 Google searches in September 2020, but its popularity has exploded in the last year, with 1.5 million people searching for \x91shiba inu coin\x92 in September 2021, an incredible increase of 2.1m%." Former banker and CEO of London Real, Brian Rose, spoke to Yahoo Finance about the unlikely rise of dogecoin, which began life as a \x93joke\x94 response to the reverential sentiment surrounding bitcoin, and the even greater price hike of its younger spin-off shiba inu. Read more: Philip Hammond: Big finance\'s move into crypto is unstoppable The former Wall Street veteran said both canine coins had understood and capitalised \x93community\x94. Citing the market capitalisation of the world\x92s second-largest memecoin, Rose pointed out that shiba inu is a \x93community worth $20 billion(£15.2m)\x94. Story continues He added that \x93Shiba Inu as a cryptocurrency and a memecoin doesn\'t make sense, but what they get is community. They are presently tracking and quantifying a community on the blockchain and you can\x92t ignore the value of this.\x94 A new survey from uk.Investing.com found that 35% of investors who contributed in the poll plan to invest in shiba inu coins in the coming year. Sergey Panchenko, Founder of Punch Pro Digital, told Yahoo Finance that the coin\'s growth was due to it having a very convenient price threshold for entering the market which many people can afford. He added that \x93the demand for memecoins has not yet reached its peak, and at any moment these tokens will surprise us. I am waiting for shiba inu to appear on Binance, which will fuel the coin to access new heights\x94. The increased media coverage that the coins achieved throughout the year catalysed the fear of missing out \x96 FOMO \x96 a motivation that has been the main driver behind the success of both coins. Read more: Elon Musk: Tesla founder\'s top tweets of 2021 that moved markets and crypto At the beginning of January 2021, shiba inu\'s price lay stagnant until May 2021 when the price jumped by more than 300% after Elon Musk mentioned he was planning to get a Shiba Inu puppy. Musk quickly attained the moniker of \'The Dogefather\' after his tweets about Dogecoin accumulated throughout the year. The price of shiba inu has piggybacked on the popularity of its older sibling. Musk\x92s most recent promotion of dogecoin came in a Time magazine person of the year interview this month when he stated, \x93Dogecoin is better suited for transactions because its total transaction flow has a much higher potential than Bitcoin\x85 and it encourages people to spend it rather than horde it as a store of value.\x94 Musk added a major boost to the wider adoption of dogecoin on Tuesday 14 December when he announced that Tesla will now accept the memecoin as payment for the company\x92s merchandise on a test basis. He tweeted: "Tesla will make some merch buyable with Doge and see how it goes.\x94 The immediate effect of this was to see the price of the world\x92s premier memecoin jump by 20% in value. Watch: \'UK\'s depleted gold reserves could be replenished with \'digital assets\' The high point in the Tesla CEOs relationship with dogecoin came when he hosted the US sketch comedy and variety show Saturday Night Live on 8 May 2021. Dogecoin adherents were poised for the influential billionaire to make an explicit promotion of their memecoin on live television. There was a buying frenzy in the lead up to the broadcast, but the much hoped-for promotion failed to materialise and instead Mr Musk made an off-hand remark about "the world\'s fun and friendly internet currency". On the prime-time programme he was asked by comedian Michael Che Swap if dogecoin was a hustle. Musk shrugged and replied, \x93yeah it\'s a hustle\x94. This was less than the Dogecoin community had hoped for. The trajectory of shiba inu\'s price seemed to be pegged to that of Dogecoin throughout the year until it began to accelerate and outpace its older rival. Shiba inu flipped dogecoin in terms of market capitalisation at the end of October, when it jumped to eighth position when its market cap swelled to $41.91bn, knocking its rival canine coin into ninth place for a brief period. Read more: Do bitcoin charts foretell an impending crash in 2022? What followed were many mainstream media headlines of wealth accumulation by holders of shiba inu and dogecoin. One such story that reached mainstream news headlines was the anonymous shiba inu holder who purchased $8,000 of the token in August 2020, which then skyrocketed to a value of $5.7 billion in October 2021. However, whether the shiba inu market had the liquidity and price stability to allow a cashing out of that amount was never tested. Many crypto-experts fret that the explosion of memecoins has damaged the cause of cryptocurrencies \x96 its philosophy being the decentralisation of power and responsibility into the hands of currency holders. Has dogecoin and shiba inu damaged the reputation of the blue-chip cryptocurrencies like ethereum and bitcoin? Brian Rose states that although on the surface the memecoins give crypto a bad name, \x93they also act as a \x91gateway drug\x92 into the world of cryptocurrencies and allow people to start a conversation with money that many have never had in their life beforehand\x94. Watch: What is bitcoin?', 'The crypto bull cycle is far from over and throughout 2021, two memecoins became the surprise winners in terms of having almost parabolic price appreciation. The astonishing yearly gains of dogecoin, and its underdog rival shiba Inu, have stolen the limelight from the more serious crypto-offerings such as bitcoin and ethereum.\nShiba inu (SHIB) increased in value by 83,000,000% since this time last year, and dogecoin (DOGE) rose by 9,567% since the beginning of the year.\nThe steep appreciation in the value of the world’s two major memecoins saw a marked shift in media attention from the blue-chip cryptocurrencies, such as ethereum and bitcoin, to the rivalry of dogecoin and shiba inu and their dubious use cases.\nBy August, Google searches for shiba inu and dogecoin had dwarfed searches for the more serious crypto offerings. Mainstream media outlets were quick to capitalise on the growing interest to exploit the higher audience engagement for increased advertising revenues. Recent data from BrokerChooser analysed the online search volume of all cryptocurrencies and found that shiba inu topped the list of most actively searched cryptocurrency throughout the year.\nAstatementfrom BrokerChooser said: "Shiba inu coin had just 70 Google searches in September 2020, but its popularity has exploded in the last year, with 1.5 million people searching for ‘shiba inu coin’ in September 2021, an incredible increase of 2.1m%."\nFormer banker and CEO of London Real, Brian Rose, spoke to Yahoo Finance about the unlikely rise of dogecoin, which began life as a “joke” response to the reverential sentiment surrounding bitcoin, and the even greater price hike of its younger spin-off shiba inu.\nRead more:Philip Hammond: Big finance\'s move into crypto is unstoppable\nThe former Wall Street veteran said both canine coins had understood and capitalised “community”. Citing the market capitalisation of the world’s second-largest memecoin, Rose pointed out that shiba inu is a “community worth $20 billion(£15.2m)”.\nHe added that “Shiba Inu as a cryptocurrency and a memecoin doesn\'t make sense, but what they get is community. They are presently tracking and quantifying a community on the blockchain and you can’t ignore the value of this.”\nA new survey fromuk.Investing.comfound that 35% of investors who contributed in the poll plan to invest in shiba inu coins in the coming year. Sergey Panchenko, Founder of Punch Pro Digital, told Yahoo Finance that the coin\'s growth was due to it having a very convenient price threshold for entering the market which many people can afford.\nHe added that “the demand for memecoins has not yet reached its peak, and at any moment these tokens will surprise us. I am waiting for shiba inu to appear on Binance, which will fuel the coin to access new heights”.\nThe increased media coverage that the coins achieved throughout the year catalysed the fear of missing out – FOMO – a motivation that has been the main driver behind the success of both coins.\nRead more:Elon Musk: Tesla founder\'s top tweets of 2021 that moved markets and crypto\nAt the beginning of January 2021, shiba inu\'s price lay stagnant until May 2021 when the price jumped by more than 300% after Elon Musk mentioned he was planning to get a Shiba
**Last 60 Days of Bitcoin's Closing Prices:**
[61553.62, 62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-16
**Financial & Commodity Data:**
- Gold Closing Price: $1796.60
- Crude Oil Closing Price: $72.38
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $924,053,284,698
- Hash Rate: 138316737.55084777
- Transaction Count: 256206.0
- Unique Addresses: 664445.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.29
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Maria Ponnezhath and Vidya Ranganathan (Reuters) -Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12% down at 0920 GMT at $47,495. It fell as low as $41,967.5 during the session, taking total losses for the day to 22%. The broad selloff in cryptocurrencies also saw ether, the coin linked to the ethereum blockchain network, plunge more than 10%. Based on cryptocurrency data platform Coingecko, the market capitalisation of the 11,392 coins it tracks dropped nearly 15% to $2.34 trillion. That value had briefly crossed $3 trillion last month, when bitcoin hit a record $69,000. The plunge follows a volatile week for financial markets. Global equities and benchmark U.S. bond yields tumbled on Friday after data showed U.S. job growth slowed in November and the Omicron variant of the coronavirus kept investors on edge. Justin d'Anethan, Hong Kong-based head of exchange sales at cryptocurrency exchange EQONEX, said he had been watching the increase in leverage ratios across the cryptocurrency markets as well how large holders had been moving their coins from wallets to exchanges. The latter is usually a sign of intent to sell. "Whales in the crypto space seem to have transferred coins to trading venue, taken advantage of a bullish bias and leverage from retail traders, to then push prices down," he said. The selloff also comes ahead of testimony by executives from eight major cryptocurrency firms, including Coinbase Global CFO Alesia Haas and FTX Trading CEO Sam Bankman-Fried, before the U.S. House Financial Services Committee on Dec. 8. The hearing marks the first time major players in the crypto markets will testify before U.S. lawmakers, as policymakers grapple with the implications of cryptocurrencies and how to best regulate them. Last week, the U.S. Securities and Exchange Commission (SEC) rejected a second spot-bitcoin exchange-traded fund proposal from WisdomTree. Story continues Data from another platform Coinglass showed nearly $1 billion worth of cryptocurrencies had been liquidated over the past 24 hours, with the bulk being on digital exchange Bitfinex. "If anything, this is the opportunity to buy the dip for many investors who might have previously felt like they missed the boat. We can see tether bought at a premium, suggesting people are getting cash ready, within the crypto space, to do just that," D'Anethan said, referring to the biggest stablecoin in the cryptocurrency world. A plunge in bitcoin funding rates -- the cost of holding bitcoin via perpetual futures which peaked at 0.06% in October -- also showed traders had turned bearish. The funding rate on cryptocurrency trading platform BitMEX fell to a negative 0.18% from levels of 0.01% for most of November. (Reporting by Maria Ponnezhath in Bengaluru and Vidya Ranganathan in Singapore. Additional reporting by Megan Davies in New YorkEditing by Shri Navaratnam and Jane Merriman)...
- 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.
|
46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52
|
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:**
['At HashBrownSwap everyone can enjoy decentralized cross-chain crypto token banking, trading and investing within minutes. Taipei, Taiwan, Dec. 16, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire ) HBSwap’s mission is to empower people around the world with equal access to banking and participation in the global financial markets. We believe people in the under-developed nations should have equal financial market access as people living in the developing and developed nations. Today a user can access the HBSwap with a built-in web-browser wallet on a mobile phone or a notebook, without downloading any APP or software. Using one’s email to receive an authentication code. Within minutes a user can begin sending, receiving and trading BTC, ETH, BNB and USDT. Making investments using ETH or BNB in liquidity staking or participating in BTC and ETH collateralized lending, as a lender or a borrower. HBSwap will enable Social Coin Offering (SCO), where everyone can easily mint, gift, sell and trade their own personal tokens with their family and friends. SCO will be conducted on HBSwap’s Launchpad. Currently HBSwap’s platform token HBS is available on the Launchpad for fixed price swap at USDT0.018. HBS is a multi-chain token, where you can send HBS (Ethereum) tokens to an Ethereum wallet, later deposit HBS (Ethereum) tokens into HBSwap wallet and switch to HBS (BSC) tokens to send to a BSC wallet. The HBS (Ethereum) and HBS (BSC) token switch is automatic simply by selecting the token type to send. HBSwap unlocks multi-chain liquidity between Ethereum and BSC networks. As part of the roadmap, HBS tokens can be traded on Uniswap and PancakeSwap, in addition to trading on HBSwap. Unlike MetaMask wallet, which provide users multiple single chain wallets, HBSwap wallet is a multi-chain wallet, were you can store BTC, ETH and BNB in one single wallet, without the need to change the network settings. Built on the MASFi public chain, HBSwap is the world’s fastest cross-chain DeFi platform with a next generation exchange. Users can trade cross-chain pairs, such as BTC/USDT and BNB/USDT, with token pairs generated on different public chains. Trading and transfer of BTC and ETH are completed in 1-3 seconds with gas or transfer fee of US$0.10 per transfer, which is waived during the initial launch period. For payment applications, HBSwap, by solving the slow speed and high gas fees of BTC and ETH, supports these tokens as a means of cross-border transfer and even for micropayment. Story continues DeFi services including OTC or block trading of BTC and managed fund products with a period of 30 days to 6 months will be introduced. Various third party DeFi products and services will also be available on HBSwap connected via API, such as USD or Euro access, credit cards, fund products, financial games, NFTs, etc. HBSwap’s smart contract wallet enables automated and transparent fee sharing arrangements with strategic business partners. Our goal is to provide a wide range of useful and easy to use DeFi services to our users worldwide! About HashBrownSwap HashBrownSwap is an open DeFi platform with a next generation exchange, designed for everyone. HBSwap is also a B2B2C platform for co-branding with strategic partners to quickly launch or expand their DeFi, NFT, payment, investment product or metaverse service. For more information: www.hbsswap.com About MASFi MASFi is a public chain designed for DeFi operating at the ultra high speed of 10,000+ TPS. MASFi smart-contract and API is 100% Ethereum compatible. In addition to HBSwap, DeFi projects building on MASFi include MASEx 2.0, MASBank and MAS Pay. For more information: www.masfi.net CONTACT: contact -at- hashbrownswap.com or Sting Lin sl (at) masf.io http://www.hbsswap.com', 'At HashBrownSwap everyone can enjoy decentralized cross-chain crypto token banking, trading and investing within minutes. Taipei, Taiwan, Dec. 16, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire ) HBSwap’s mission is to empower people around the world with equal access to banking and participation in the global financial markets. We believe people in the under-developed nations should have equal financial market access as people living in the developing and developed nations. Today a user can access the HBSwap with a built-in web-browser wallet on a mobile phone or a notebook, without downloading any APP or software. Using one’s email to receive an authentication code. Within minutes a user can begin sending, receiving and trading BTC, ETH, BNB and USDT. Making investments using ETH or BNB in liquidity staking or participating in BTC and ETH collateralized lending, as a lender or a borrower. HBSwap will enable Social Coin Offering (SCO), where everyone can easily mint, gift, sell and trade their own personal tokens with their family and friends. SCO will be conducted on HBSwap’s Launchpad. Currently HBSwap’s platform token HBS is available on the Launchpad for fixed price swap at USDT0.018. HBS is a multi-chain token, where you can send HBS (Ethereum) tokens to an Ethereum wallet, later deposit HBS (Ethereum) tokens into HBSwap wallet and switch to HBS (BSC) tokens to send to a BSC wallet. The HBS (Ethereum) and HBS (BSC) token switch is automatic simply by selecting the token type to send. HBSwap unlocks multi-chain liquidity between Ethereum and BSC networks. As part of the roadmap, HBS tokens can be traded on Uniswap and PancakeSwap, in addition to trading on HBSwap. Unlike MetaMask wallet, which provide users multiple single chain wallets, HBSwap wallet is a multi-chain wallet, were you can store BTC, ETH and BNB in one single wallet, without the need to change the network settings. Built on the MASFi public chain, HBSwap is the world’s fastest cross-chain DeFi platform with a next generation exchange. Users can trade cross-chain pairs, such as BTC/USDT and BNB/USDT, with token pairs generated on different public chains. Trading and transfer of BTC and ETH are completed in 1-3 seconds with gas or transfer fee of US$0.10 per transfer, which is waived during the initial launch period. For payment applications, HBSwap, by solving the slow speed and high gas fees of BTC and ETH, supports these tokens as a means of cross-border transfer and even for micropayment. Story continues DeFi services including OTC or block trading of BTC and managed fund products with a period of 30 days to 6 months will be introduced. Various third party DeFi products and services will also be available on HBSwap connected via API, such as USD or Euro access, credit cards, fund products, financial games, NFTs, etc. HBSwap’s smart contract wallet enables automated and transparent fee sharing arrangements with strategic business partners. Our goal is to provide a wide range of useful and easy to use DeFi services to our users worldwide! About HashBrownSwap HashBrownSwap is an open DeFi platform with a next generation exchange, designed for everyone. HBSwap is also a B2B2C platform for co-branding with strategic partners to quickly launch or expand their DeFi, NFT, payment, investment product or metaverse service. For more information: www.hbsswap.com About MASFi MASFi is a public chain designed for DeFi operating at the ultra high speed of 10,000+ TPS. MASFi smart-contract and API is 100% Ethereum compatible. In addition to HBSwap, DeFi projects building on MASFi include MASEx 2.0, MASBank and MAS Pay. For more information: www.masfi.net CONTACT: contact -at- hashbrownswap.com or Sting Lin sl (at) masf.io http://www.hbsswap.com', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.\nBitcoin, BTC to USD, fell by 2.53% on Thursday. Reversing a 1.05% gain from Wednesday, Bitcoin ended the day at $47,665.\nAfter a mixed start to the day, Bitcoin rose to a late morning intraday high $49,480 before hitting reverse. Falling short of the first major resistance level at $50,081, Bitcoin slid to a late intraday low $47,543.\nSteering clear of the first major support level at $47,161, however, Bitcoin revisited $48,000 levels before easing back.\nThe near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed session.\nCrypto.com Coinrallied by 8.95% to buck the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nCardano’s ADAslid by 5.49% to lead the way down, withBitcoin Cash SV(-3.80%),Chainlink(-4.80%), andLitecoin(-3.14%) also struggling.\nBinance Coin(-2.81%),Ethereum(-1.59%), Polkadot (-1.71%), andRipple’s XRP(-2.62%) saw relatively modest losses, however.\nIn the current week, the crypto total market fell to a Monday low $2,049bn before rising to a Thursday high $2,304bn. At the time of writing, the total market cap stood at $2,204bn.\nBitcoin’s dominance rose to a Wednesday high 42.27% before falling to a Thursday low 40.58%. At the time of writing, Bitcoin’s dominance stood at 41.01%.\nAt the time of writing, Bitcoin was up by 0.37% to $47,841. A mixed start to the day saw Bitcoin fall to an early morning low $47,440 before rising to a high $47,920.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCrypto.com Coin and Polkadot were down by 3.66% and by 0.24% respectively to buck the early trend.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Cardano’s ADA was up by 0.56% to lead the way.\nBitcoin would need to move through the $48,229 pivot to bring the first major resistance level at $48,916 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $48,500 levels.\nBarr
**Last 60 Days of Bitcoin's Closing Prices:**
[62026.08, 64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-17
**Financial & Commodity Data:**
- Gold Closing Price: $1803.80
- Crude Oil Closing Price: $70.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $900,909,590,600
- Hash Rate: 179210381.69631582
- Transaction Count: 263495.0
- Unique Addresses: 660755.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Reuters) - Ether, the world's second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin's rally and riding on news of wider blockchain adoption. The ether token, which underpins the ethereum blockchain network, rose as high as $4,670.81, as of 3:15 p.m. EDT. The cryptocurrency extended its gains, breaching the previous day's $4,600 level, after the U.S. Federal Reserve announced a tapering of its asset purchases, but held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates. Ether is up more than 10% this week. In the days since bitcoin, the world's largest cryptocurrency, hit its record high of $67,016.5 on Oct. 20, other tokens on the base layer of blockchain networks, known as Layer 1 networks, have gathered momentum. "The correlation of crypto versus equities and risk-on sentiments is high," said Danny Chong, chief executive officer of decentralised asset tracking platform Tranchess, who expects further gains over the quarter. "Everyone is expecting a bull run with the absence of negative news," said Chong. "To decide the depth of the move, one should ask what can bring it down?" Bitcoin (BTC) was trading around $63,262 and is up about 117% this year, while ether is up sixfold. "Since the market reversal at the end of September, ether's strength has been moving in stride with BTC and other majors," said Ryan Rabaglia, managing director and global head of trading at digital asset platform OSL. "Ethereum has been the clear winner of the Layer-1s for what we believe will be a substantial shift in a potentially prolonged market sentiment uplift. Ethereum will also continue to play a major role in the NFT and metaverse ecosystem build- out," he said. The steady stream of news on cryptocurrency adoption by banks, growth of nonfungible tokens on virtual gaming platforms, launch of bitcoin futures-based U.S. ETFs and a need among investors for diversification in an uncertain interest rate environment have pushed several blockchain tokens, including bitcoin and ether, higher since October. Story continues Smaller tokens, too, have attracted interest after Facebook Inc rebranded itself as Meta to focus on building the "metaverse," a shared virtual environment. Australia's largest bank, Commonwealth Bank of Australia, said on Wednesday it will become the country's first to offer retail clients crypto services. According to digital assets researcher CryptoCompare, assets under management (AUM) in digital investment products rose 45.5% in October to a record high of $74.7 billion. The total AUM for bitcoin-based products grew 52.2% to $55.2 billion, while ethereum-based funds AUM increased 30% to $15.9 billion, record highs for both categories. (Reporting by John McCrank in New York, Vidya Ranganathan and Tom Westbrook in Singapore and Alun John in Hong Kong; Editing by Kim Coghill and Matthew Lewis)...
- 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.
|
46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42
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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 is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple\x92s XRP. We will be looking at previous day price action and today\x92s support, resistance, and pivot levels and, when in play, the Fibonacci\x92s. Ethereum (ETH) Ethereum (ETH) fell by 2.05% on Friday. Following a 1.59% decline on Thursday, Ethereum ended the day at $3,876. A mixed morning saw Ethereum rise to an early morning intraday high $3,995 before hitting reverse. Falling short of the first major resistance level at $4,065, Ethereum slid to an early afternoon intraday low $3,699. The extended sell-off saw Ethereum fall through the first major support level at $3,901 and the second major support level at $3,845. Significantly, Ethereum also briefly fell through the 23.6% FIB of $3,738. Finding support at the third major support level at $3,682, however, Ethereum revisited $3,900 levels before easing back. The first major support level at $3,901 pegged Ethereum back late in the day. At the time of writing, Ethereum was down by 0.35% to $3,862. A mixed start to the day saw Ethereum rise to an early morning high $3,888 before falling to a low $3,862. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to avoid the $3,857 pivot to bring the first major resistance level at $4,014 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,000 levels. Barring an extended rally, the first major resistance level should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at $4,300 levels before any pullback. The second major resistance level sits at $4,152. A fall through the $3,857 pivot would bring the 23.6% FIB of $3,738 and the first major support level at $3,718 into play. Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,561. Looking at the Technical Indicators First Major Support Level: $3,718 Story continues Pivot Level: $3,857 First Major Resistance Level: $4,014 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin (LTC) fell by 3.18% on Friday. Following a 3.14% loss on Thursday, Litecoin ended the day at $144.12. A mixed start to the day saw Litecoin rise to an early morning intraday high $150.35 before hitting reverse. Falling short of the first major resistance level at $154, Litecoin slid to an early afternoon intraday low $141.27. The extended sell-off saw Litecoin fall through the first major support level at $146 and the second major support level at $143. Finding mid-afternoon support, however, Litecoin briefly revisited $149 levels before falling back through the first major support level to end the day at sub-$145 levels. At the time of writing, Litecoin was down by 0.40% to $143.55. A mixed start to the day saw Litecoin rise to an early morning high $144.56 before falling to a low $143.45. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $145 pivot to bring the first major resistance level at $149 into play. Support from the broader market would be needed, however, for Litecoin to break out from $145 levels. Barring an extended crypto rally, the first major resistance level and Friday\x92s high $150.35 would likely cap the upside. In the event of an extended rally, Litecoin could test the second major resistance level at $154. Failure to move through the $145 pivot would bring the first major support level at $140 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $136. Looking at the Technical Indicators First Major Support Level: $140 Pivot Level: $145 First Major Resistance Level: $154 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP fell by 0.91% on Friday. Following a 2.62% decline on Thursday, Ripple\x92s XRP ended the day at $0.79698. A bullish start to the day saw Ripple\x92s XRP rise to an early morning intraday high $0.83128 before hitting reverse. Ripple\x92s XRP broke through the first major resistance level at $0.8259 before sliding to an early afternoon intraday low $0.77604. The extended sell-off saw Ripple\x92s XRP fall through the first major support level at $0.7942 and the second major support level at $0.7835. Finding early afternoon support, however, Ripple\x92s XRP revisited $0.81 levels before falling back to sub-$0.80 levels. At the time of writing, Ripple\x92s XRP was down by 0.30% to $0.79458. A bearish start to the day saw Ripple\x92s XRP fall from an early morning high $0.79869 to a low $0.78458. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP would need to move through the $0.8014 pivot to bring the first major resistance level at $0.8268 into play. Support would be needed, however, for Ripple\x92s XRP to break out from $0.81 levels. Barring an extended crypto rally, the first major resistance level and Friday\x92s high $0.83128 would likely cap the upside. In the event of a broad-based crypto rally, Ripple\x92s XRP could test resistance at the 23.6% FIB of $0.8533 before any pullback. The second major resistance level sits at $0.8567. Failure to move through the $0.8014 pivot would bring the first major support level at $0.7716 into play. Barring another extended sell-off, however, Ripple\x92s XRP should steer clear of sub-$0.75 levels. The second major support level sits at $0.7462 Looking at the Technical Indicators First Major Support Level: $0.7716 Pivot Level: $0.8014 First Major resistance Level: $0.8268 23.6% FIB Retracement Level: $0.8533 38.2% FIB Retracement Level: $1.0659 62% FIB Retracement Level: $1.4096 Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast \x96 Stock Markets Pull Back From All-time Highs Millennials Intend to Buy More Cryptos in 2022, Survey Reveals US SEC and CFTC Fines JPMorgan $200 Million for Letting Evade Regulators\x92 Reach First Trust Small Cap Value AlphaDEX Fund Could End 2021 Poorly Oil Price Fundamental Daily Forecast \x96 Omicron Demand Fears, Rising US Rig Count Weigh on Crude, Binance Left Singapore Because of Regulatory Issues', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.\nBitcoin, BTC to USD, fell by 3.10% on Friday. Following a 2.53% loss on Thursday, Bitcoin ended the day at $46,180.7.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $48,038 before hitting reverse. Falling short of the first major resistance level at $48,916, Bitcoin slid to an early afternoon intraday low $45,539.\nBitcoin fell through the first major support level at $46,979 and the second major support level at $46,292. Steering clear of sub-$45,000 levels, however, Bitcoin revisited $47,600 levels before falling back into the deep red. The pullback saw Bitcoin fall back through the first major support level and the second major support level to end the day at sub-$46,200 levels.\nThe near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed session.\nBitcoin Cash SVrose by 2.23% to buck the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nCrypto.com Coinslid by 6.35% to lead the way down.\nChainlink(-2.49%),Cardano’s ADA(-1.69%),Ethereum(-2.05%),Litecoin(-3.18%), and Polkadot (-2.25%) also struggled.\nBinance Coin(-0.04%) andRipple’s XRP(-0.91%) saw relatively modest losses, however.\nIn the current week, the crypto total market fell to a Monday low $2,054bn before rising to a Thursday high $2,303bn. At the time of writing, the total market cap stood at $2,131bn.\nBitcoin’s dominance rose to a Tuesday high 42.24% before falling to a Thursday and Friday low 40.60%. At the time of writing, Bitcoin’s dominance stood at 40.74%.\nAt the time of writing, Bitcoin was down by 0.53% to $45,934. A mixed start to the day saw Bitcoin rise to an early morning high $46,278 before falling to a low $45,806.\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 1.76% to lead the way down.\nBitcoin would need to move through the $46,586 pivot to bring the first major resistance level at $47,633 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $47,500 levels.\nBarring an extended crypto rally, the first major resistance level and Friday’s high $48,038 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $50,000 levels before any pullback. The second major resistance level sits at $49,085.\nFailure to move through the $46,586 pivot would bring the first major support level at $45,134 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$44,000 levels. The 38.2% FIB of $44,144 and the the second major support level at $44,087 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Exchange Rate Prediction – The Dollar Rebounds Despite Lower Yields\n• Binance Left Singapore Because of Regulatory Issues\n• Three Cryptos to Watch: An LTC Move Back to $150 Should Support ETH and XRP\n• Crude Oil Price Forecast – Crude Oil Markets Hugging 200 Da
**Last 60 Days of Bitcoin's Closing Prices:**
[64261.99, 65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-18
**Financial & Commodity Data:**
- Gold Closing Price: $1803.80
- Crude Oil Closing Price: $70.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $872,875,576,418
- Hash Rate: 153952542.66529143
- Transaction Count: 239170.0
- Unique Addresses: 616818.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Elon Musk has long supported dogecoin, a meme cryptocurrency. Maja Hitij/Getty Images Tesla will start to let people buy some of its merchandise with dogecoin, Elon Musk said Tuesday. Musk tweeted: "Tesla will make some merch buyable with Doge & see how it goes." The meme cryptocurrency skyrocketed after Musk's tweet, soaring as much as 30% early Tuesday. Elon Musk has said Tesla will let people purchase some of its merchandise with the meme cryptocurrency dogecoin . "Tesla will make some merch buyable with Doge & see how it goes," Musk tweeted Tuesday. Dogecoin's price was down before Musk's announcement but then skyrocketed as much as 30%. It was last up 26% at $0.2092, according to crypto data website Coinmarketcap . The Tesla CEO has been a long-running supporter of dogecoin, a Japanese Shiba Inu dog-themed cryptocurrency that was started as a joke in 2013. In May, he asked his Twitter followers whether Tesla should start accepting dogecoin , to which the overwhelming response was "yes." Earlier the same month, Musk said he thought dogecoin could ironically become the future of cryptocurrencies . Tesla wouldn't be the first company to accept the meme token in payment. The Dallas Mavericks the basketball team owned by crypto fan Mark Cuban began selling tickets and merchandise in exchange for it earlier this year. Musk and Tesla have been key drivers of the cryptocurrency boom in 2021. The electric-car maker bought $1.5 billion bitcoin in January, and then in March, announced it would start accepting the cryptocurrency in payment for cars. However, Musk rowed back on that idea in May, criticizing bitcoin's "insane" energy use. Bitcoin and other cryptocurrencies, including dogecoin, are secured and "mined" using lots of computing power. Musk began to talk more about dogecoin as he backed away from bitcoin in May, saying he was working with developers to improve its efficiency. Read more: These 3 proof-of-stake altcoins can surge in the long-term - although shiba inu fever will soon die down, according to a top exec at a platform that hosts almost $3 billion worth of blockchain nodes Story continues It's been a busy week for Musk, who just sold another $900 million of Tesla stock, taking his total sales since early November to just under $13 billion. The world's wealthiest man, he was chosen Monday by Time Magazine as its Person of the Year . The publication called Musk "clown, genius, edgelord, visionary, industrialist, showman, [and] cad." Dogecoin's Tuesday jump was out of keeping with the rest of the crypto sector, which was a sea of red. Digital assets are seen by most investors as highly speculative, and have suffered as the Federal Reserve has talked up the chances of tighter monetary policy. Tesla did not immediately respond to Insider's request for further comment. Read the original article on Business Insider...
- Reddit Posts (Sample): []...
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.
|
46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86
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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 is the tech analysis for Shiba Inu Coin. We will be looking at movements from the day prior and today\x92s support, resistance, pivot levels, and Fibonacci\x92s. Shiba Inu Coin Shiba Inu Coin rose by 0.80% on Saturday. Partially reversing a 4.80% slide from Friday, Shiba Inu Coin ended the day at $0.00003142. A bearish start to the day saw Shiba Inu Coin fall to an early morning intraday low $0.0000308 before making a move. Steering clear of the first major support level at $0.0000298, Shiba Inu Coin rallied to a mid-day intraday high $0.00003219. Falling short of the first major resistance level at $0.0000328, however, Shiba Inu Coin slid back to $0.0000311 levels before finding support to end the day in positive territory. At the time of writing, Shiba Inu Coin was up by 0.19% to $0.00003147. A mixed start to the day saw Shiba Inu Coin fall to an early morning low $0.00003136 before rising to a high $0.00003151. Shiba Inu Coin left the major support and resistance levels untested early on. For the day ahead Shiba Inu Coin would need to move back through the $0.0000315 pivot to bring the first major resistance level at $0.0000321 into play. Support from the broader market would be needed, however, would be needed for a break back through to $0.0000320 levels. Barring an extended crypto rally, the first major resistance level and Saturday\x92s high $0.00003219 would likely cap the upside. In the event of an extended breakout, Shiba Inu Coin could test resistance at $0.000033 levels before any pullback. The second major resistance level sits at $0.0000329. Failure to move back through the $0.0000315 pivot would bring the first major support level at $0.0000307 into play. Barring another extended sell-off, however, Shiba Inu Coin should avoid sub-$0.0000300 levels. The second major support level at $0.0000301 should limit the downside. Looking at the Technical Indicators First Major Support Level: $0.0000307 Pivot Level: $0.0000315 First Major Resistance Level: $0.0000321 Story continues 23.6% FIB Retracement Level: $0.000044 38.2% FIB Retracement Level: $0.000052 62% FIB Retracement Level: $0.000066 This article was originally posted on FX Empire More From FXEMPIRE: Shiba Inu Coin Remains under Pressure in Spite of Saturday Support USD/CAD Exchange Rate Prediction \x96 The Dollar Rebounds Despite Lower Yields U.S Mortgage Rates Inch Up ahead of the Holidays U.S. Dollar Index (DX) Futures Technical Analysis \x96 Next Move Hinges Upon Reaction to 96.355 \x96 96.200 Bitcoin (BTC) Finds Support though Indicators Suggest It May be Temporary E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis \x96 Main Trend Turns Down in Volatile Trade', 'This is the tech analysis for Shiba Inu Coin. We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s.\nShiba Inu Coinrose by 0.80% on Saturday. Partially reversing a 4.80% slide from Friday, Shiba Inu Coin ended the day at $0.00003142.\nA bearish start to the day saw Shiba Inu Coin fall to an early morning intraday low $0.0000308 before making a move. Steering clear of the first major support level at $0.0000298, Shiba Inu Coin rallied to a mid-day intraday high $0.00003219.\nFalling short of the first major resistance level at $0.0000328, however, Shiba Inu Coin slid back to $0.0000311 levels before finding support to end the day in positive territory.\nAt the time of writing, Shiba Inu Coin was up by 0.19% to $0.00003147. A mixed start to the day saw Shiba Inu Coin fall to an early morning low $0.00003136 before rising to a high $0.00003151.\nShiba Inu Coin left the major support and resistance levels untested early on.\nShiba Inu Coin would need to move back through the $0.0000315 pivot to bring the first major resistance level at $0.0000321 into play. Support from the broader market would be needed, however, would be needed for a break back through to $0.0000320 levels.\nBarring an extended crypto rally, the first major resistance level and Saturday’s high $0.00003219 would likely cap the upside. In the event of an extended breakout, Shiba Inu Coin could test resistance at $0.000033 levels before any pullback. The second major resistance level sits at $0.0000329.\nFailure to move back through the $0.0000315 pivot would bring the first major support level at $0.0000307 into play. Barring another extended sell-off, however, Shiba Inu Coin should avoid sub-$0.0000300 levels. The second major support level at $0.0000301 should limit the downside.\nFirst Major Support Level: $0.0000307\nPivot Level: $0.0000315\nFirst Major Resistance Level: $0.0000321\n23.6% FIB Retracement Level: $0.000044\n38.2% FIB Retracement Level: $0.000052\n62% FIB Retracement Level: $0.000066\nThisarticlewas originally posted on FX Empire\n• Shiba Inu Coin Remains under Pressure in Spite of Saturday Support\n• USD/CAD Exchange Rate Prediction – The Dollar Rebounds Despite Lower Yields\n• U.S Mortgage Rates Inch Up ahead of the Holidays\n• U.S. Dollar Index (DX) Futures Technical Analysis – Next Move Hinges Upon Reaction to 96.355 – 96.200\n• Bitcoin (BTC) Finds Support though Indicators Suggest It May be Temporary\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Main Trend Turns Down in Volatile Trade', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Please see the end of the article for a full video tech analysis including a look at the EMAs.\nBitcoin, BTC to USD, rose by 1.54% on Saturday. Partially reversing a 3.10% slide from Friday, Bitcoin ended the day at $46,873.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $45,523. Steering clear of the first major support level at $45,134 Bitcoin rallied to a late morning intraday high $47,483. Falling short of the first major resistance level at $46,633, however, Bitcoin fell back to sub-$46,500 levels before finding support.\nThe near-term bullish trend remained intact, in spite of the most recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish session.\nChainlinkrallied by 6.87% to lead the way, withLitecoin(+3.31%) andRipple’s XRP(+3.74%) also finding strong support.\nBinance Coin(+1.58%),Bitcoin Cash SV(+1.34%),Cardano’s ADA(+1.97%),Crypto.com Coin(+1.22%),Ethereum(+2.21%), and Polkadot (+1.89%) trailed the front runnners, however.\nIn the current week, the crypto total market fell to a Monday low $2,054bn before rising to a Thursday high $2,303bn. At the time of writing, the total market cap stood at $2,194bn.\nBitcoin’s dominance rose to a Tuesday high 42.25% before falling to a Saturday low 40.22%. At the time of writing, Bitcoin’s dominance stood at 40.33%.\nAt the time of writing, Bitcoin was down by 0.05% to $46,848. A mixed start to the day saw Bitcoin rise to an early morning high $46,920 before falling to a low $46,783.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCardano’s ADA (+0.08%) and Litecoin (+0.05%) avoided the red 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 1.34% to lead the way down.\nBitcoin would need to avoid the $46,626 pivot to bring the first major resistance level at $47,730 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $47,500 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $48,000 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $50,000 levels before any pullback. The second major resistance level sits at $48,586.\nA fall through the $46,626 pivot would bring the first major support level at $45,770 into play. Barring an extended sell-off on the day, however, Bitcoin should steer clear of sub-$44,000 levels. The second major support level at $44,666 and the 38.2% FIB of $44,144 and should limit the downside.\nThisarticlewas originally posted on FX Empire\n• Binance Left Singapore Because of Regulatory Issues\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Daily Trend Changes to Down Ahead of Weekend\n• Three Cryptos to Watch: An LTC Move Back to $150 Should Support ETH and XRP\n• Bitcoin (BTC) Finds Support though Indicators Suggest It May be Temporary\n• Gold Price Futures (GC) Technical Analysis – Bullish Traders Facing Big Challenge at $1817.50 – $1832.70\n• Oil Price Fundamental Daily Forecast – Omicron Demand Fears, Rising US Rig Count Weigh on Crude,', 'This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today\x92s support, resistance, pivot levels, and Fibonacci\x92s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Please see the end of the article for a full video tech analysis including a look at the EMAs. Bitcoin\x92s Day Prior Moves Bitcoin , BTC to USD, rose by 1.54% on Saturday. Partially reversing a 3.10% slide from Friday, Bitcoin ended the day at $46,873. A bearish start to the day saw Bitcoin fall to an early morning intraday low $45,523. Steering clear of the first major support level at $45,134 Bitcoin rallied to a late morning intraday high $47,483. Falling short of the first major resistance level at $46,633, however, Bitcoin fell back to sub-$46,500 levels before finding support. The near-term bullish trend remained intact, in spite of the most recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend. The Rest of the Pack Acr
**Last 60 Days of Bitcoin's Closing Prices:**
[65992.84, 62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-19
**Financial & Commodity Data:**
- Gold Closing Price: $1803.80
- Crude Oil Closing Price: $70.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $885,958,267,146
- Hash Rate: 179210381.69631582
- Transaction Count: 206719.0
- Unique Addresses: 557914.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.29
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin balloon. Andriy Onufriyenko Bitcoin has stumbled in November, falling as much as 12% and reversing October's strong rally. Bitcoin's price decline can continue into year-end as crypto positioning remains overbought, JPMorgan said in a note last week. These are the two reasons why the crypto rally stalled in recent weeks, according to JPMorgan. Bitcoin's 27% rally in October reversed in November, with the cryptocurrency falling as much as 12% this month amid a risk-off period for stocks and concerns of a new COVID-19 variant. But according to a November 24 note from JPMorgan , the weakness in bitcoin prices likely stems from a slowdown in fund flows into recently launched bitcoin futures ETFs. Those ETFs saw a surge in October, with the ProShares Bitcoin Strategy BITO ETF becoming the fastest ETF ever to reach $1 billion in assets under management. After that record-setting pace, inflows came to a near standstill in November, with the BITO ETF seeing its AUM edge up from $1.2 billion at the start of the month to $1.3 billion as of Friday. "What is more disappointing is that the stalling in bitcoin fund inflows in November took place as physical gold ETFs continued to bleed," JPMorgan's Nikolaos Panigirtzoglou said. Bitcoin is viewed by many as a "digital gold" alternative to physical gold, thanks to its fixed supply and the widely held investor belief that it is an inflation hedge. Another reason for the recent weakness in bitcoin's price has to do with investor positioning in the cryptocurrency hitting overbought levels, according to the note. "Our bitcoin position proxy based on CME futures had spiked in September/October to overbought levels last seen in February 2021," Panigirtzoglou explained. Those overbought levels will serve as a headwind for bitcoin going forward, JPMorgan said, which could limit upside pressure in a price rally until they moderate. When bitcoin last hit overbought levels in February, the price extended its gains through April but then experienced a multi-month drawdown of about 50%. And after bitcoin hit its most oversold levels of the year in October, the price rallied nearly 30%, highlighting the potential for big returns when traders go against the crowd. JPMorgan Read the original article on Business Insider 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.
|
46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71
|
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 is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple\x92s XRP. We will be looking at previous day price action and today\x92s support, resistance, and pivot levels and, when in play, the Fibonacci\x92s. Please see the end of the article for a full video tech analysis including a look at the EMAs. Ethereum (ETH) Ethereum (ETH) fell by 0.91% on Sunday. Partially reversing a 2.21% gain from Saturday, Ethereum ended the week down by 5.01% to $3,926. A mixed morning saw Ethereum rise to an early morning intraday high $4,040 before hitting reverse. Falling short of the first major resistance level at $4,051, Ethereum slid to a late intraday low $3,886. Steering clear of the first major support level at $3,820, Ethereum revisited $3,990 levels before falling back into the red. At the time of writing, Ethereum was down by 0.42% to $3,909. A mixed start to the day saw Ethereum rise to an early morning high $3,930 before falling to a low $3,908. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $3,951 pivot to bring the first major resistance level at $4,015 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,000 levels. Barring an extended rally, the first major resistance level and Sunday\x92s high $4,040 should limit the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at $4,200 levels before any pullback. The second major resistance level sits at $4,104. Failure to move through the $3,951 pivot would bring the first major support level at $3,861 into play. Barring another extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $3,738. The second major support level at $3,797 should limit the downside. Looking at the Technical Indicators First Major Support Level: $3,861 Pivot Level: $3,951 First Major Resistance Level: $4,015 23.6% FIB Retracement Level: $3,738 38.2% FIB Retracement Level: $3,039 62% FIB Retracement Level: $1,909 Litecoin Litecoin (LTC) rose by 3.07% on Sunday. Following a 3.31% gain on Saturday, Litecoin ended the week down by 3.58% to $153.31. A mixed start to the day saw Litecoin fall to an early morning intraday low $147.59 before making a move. Steering clear of the first major support level at $144, Litecoin rallied to a late afternoon intraday high $161.05. Litecoin broke through the first major resistance level at $152 and the second major resistance level at $155. A late pullback, however, saw Litecoin fall back through the second major resistance level to end the day at $153 levels. Story continues At the time of writing, Litecoin was down by 0.02% to $153.28. A bearish start to the day saw Litecoin fall from an early morning high $153.32 to a low $152.25. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to move through the $154 pivot to bring the first major resistance level at $160 into play. Support from the broader market would be needed, however, for Litecoin to break out from $155 levels. Barring an extended crypto rally, the first major resistance level and Saturday\x92s high $161.05 would likely cap the upside. In the event of an extended rally, Litecoin could test the second major resistance level at $167. Failure to move through the $154 pivot would bring the first major support level at $147 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level at $141 should limit the downside. Looking at the Technical Indicators First Major Support Level: $147 Pivot Level: $154 First Major Resistance Level: $160 23.6% FIB Retracement Level: $178 38.2% FIB Retracement Level: $223 62% FIB Retracement Level: $296 Ripple\x92s XRP Ripple\x92s XRP rose by 0.72% on Sunday. Following a 3.52% rally on Saturday, Ripple\x92s XRP ended the week down by 0.84% to $0.83338. A bearish start to the day saw Ripple\x92s XRP fall to an early morning intraday low $0.82046 before making a move. Steering clear of the first major support level at $0.8011, Ripple\x92s XRP rallied to a final hour intraday high $0.84875. Ripple\x92s XRP broke through the first major resistance level at $0.8431 before a pullback to sub-$0.84 levels. At the time of writing, Ripple\x92s XRP was down by 0.72% to $0.82740. A bearish start to the day saw Ripple\x92s XRP fall from an early morning high $0.83529 to a low $0.82739. Ripple\x92s XRP left the major support and resistance levels untested early on. For the day ahead Ripple\x92s XRP would need to move back through the $0.8342 pivot to bring the first major resistance level at $0.8479 into play. Support would be needed, however, for Ripple\x92s XRP to break out from $0.835 levels. Barring an extended crypto rally, the first major resistance level and Sunday\x92s high $0.84875 would likely cap the upside. In the event of a broad-based crypto rally, Ripple\x92s XRP could test resistance at the 23.6% FIB of $0.8533 before any pullback. The second major resistance level sits at $0.8625. Failure to move back through the $0.8342 pivot would bring the first major support level at $0.8196 into play. Barring another extended sell-off, however, Ripple\x92s XRP should steer clear of sub-$0.80 levels. The second major support level at $0.8059 should limit the downside. Looking at the Technical Indicators First Major Support Level: $0.8196 Pivot Level: $0.8342 First Major resistance Level: $0.8479 23.6% FIB Retracement Level: $0.8533 38.2% FIB Retracement Level: $1.0659 62% FIB Retracement Level: $1.4096 Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\x92s XRP This article was originally posted on FX Empire More From FXEMPIRE: Here\x92s How the Market Breadth Behaves Before a Stock Market Crash Shiba Inu Coin Faces Risk of sub-$0.000030 after Last Week\x92s Sell-Off Price of Gold Fundamental Daily Forecast \x96 Are Investors Betting Faster Tapering Slows Pace of Rate Hikes? Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls An ETH Return to $4,000 Should Provide LTC and XRP Support Best Stocks, Crypto, and ETFs to Watch \x96 Nike, Micron, Shiba Inu, and SPDR S&P 500 Trust in Focus View comments', 'This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s. Please see the end of the article for a full video tech analysis including a look at the EMAs.\nEthereum(ETH) fell by 0.91% on Sunday. Partially reversing a 2.21% gain from Saturday, Ethereum ended the week down by 5.01% to $3,926.\nA mixed morning saw Ethereum rise to an early morning intraday high $4,040 before hitting reverse. Falling short of the first major resistance level at $4,051, Ethereum slid to a late intraday low $3,886.\nSteering clear of the first major support level at $3,820, Ethereum revisited $3,990 levels before falling back into the red.\nAt the time of writing, Ethereum was down by 0.42% to $3,909. A mixed start to the day saw Ethereum rise to an early morning high $3,930 before falling to a low $3,908.\nEthereum left the major support and resistance levels untested early on.\nEthereum would need to move through the $3,951 pivot to bring the first major resistance level at $4,015 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,000 levels. Barring an extended rally, the first major resistance level and Sunday’s high $4,040 should limit the upside.\nIn the event of a broad-based crypto rally, Ethereum could test resistance at $4,200 levels before any pullback. The second major resistance level sits at $4,104.\nFailure to move through the $3,951 pivot would bring the first major support level at $3,861 into play. Barring another extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $3,738. The second major support level at $3,797 should limit the downside.\nFirst Major Support Level: $3,861\nPivot Level: $3,951\nFirst Major Resistance Level: $4,015\n23.6% FIB Retracement Level: $3,738\n38.2% FIB Retracement Level: $3,039\n62% FIB Retracement Level: $1,909\nLitecoin(LTC) rose by 3.07% on Sunday. Following a 3.31% gain on Saturday, Litecoin ended the week down by 3.58% to $153.31.\nA mixed start to the day saw Litecoin fall to an early morning intraday low $147.59 before making a move. Steering clear of the first major support level at $144, Litecoin rallied to a late afternoon intraday high $161.05.\nLitecoin broke through the first major resistance level at $152 and the second major resistance level at $155. A late pullback, however, saw Litecoin fall back through the second major resistance level to end the day at $153 levels.\nAt the time of writing, Litecoin was down by 0.02% to $153.28. A bearish start to the day saw Litecoin fall from an early morning high $153.32 to a low $152.25.\nLitecoin left the major support and resistance levels untested early on.\nLitecoin would need to move through the $154 pivot to bring the first major resistance level at $160 into play. Support from the broader market would be needed, however, for Litecoin to break out from $155 levels.\nBarring an extended crypto rally, the first major resistance level and Saturday’s high $161.05 would likely cap the upside. In the event of an extended rally, Litecoin could test the second major resistance level at $167.\nFailure to move through the $154 pivot would bring the first major support level at $147 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level at $141 should limit the downside.\nFirst Major Support Level: $147\nPivot Level: $154\nFirst Major Resistance Level: $160\n23.6% FIB Retracement Level: $178\n38.2% FIB Retracement Level: $223\n62% FIB
**Last 60 Days of Bitcoin's Closing Prices:**
[62210.17, 60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-20
**Financial & Commodity Data:**
- Gold Closing Price: $1793.70
- Crude Oil Closing Price: $68.23
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $882,697,314,400
- Hash Rate: 173196610.49845287
- Transaction Count: 266947.0
- Unique Addresses: 678671.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Ethereumhas recently tested the support at $4,535 as crypto markets remained under some pressure.
Ethereum has recently made an attempt to get to the test of the all-time high levels, but renewed fears about the spread of the new variant of coronavirus have put material pressure on riskier assets.
Cryptocurrencies have been sensitive to global market sentiment in recent weeks, so the continuation of the sell-off in equity markets hurt crypto markets.
Currently, leading cryptocurrencies are moving lower, although losses are limited.Bitcoinhas recently made another attempt to settle below the support at $56,000. If Bitcoin gets below this level, it may gain strong downside momentum and quickly get to the test of the next support at $53,600 which will be bearish for crypto markets.
Solanamade an attempt to settle above $236 but lost momentum and declined below the $225 level.XRPmanaged to settle below $1.00 and tried to get below $0.95. Meme coins are also under pressure.Dogecoinis testing the support level at $0.2050 whileShiba Inuis trying to settle back below the 50 EMA at $0.00004260.
Ethereum tested the support level at $4,535, but this test yielded no results. The upside trend stays strong, and Ethereum will have a good chance to get to the test of all-time high levels in case global market sentiment improves.
The nearest resistance level for Ethereum is located at $4,650. If Ethereum gets above this level, it will move towards the next resistance at $4,770. A successful test of this level will push Ethereum towards the resistance at $4,865.
On the support side, a move below $4,535 will open the way to the test of the support level which is located at the 20 EMA at $4,375. In case Ethereum declines below this level, it will head towards the next support at $4,200. A move below $4,200 will push Ethereum towards the 50 EMA at $4,080.
For a look at all of today’s economic events, check out oureconomic calendar.
Thisarticlewas originally posted on FX Empire
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- Reddit Posts (Sample): []...
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.
|
48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12
|
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:**
['In late 2020, the U.S SEC filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders. The SEC alleges that they raised over $1.3bn through an unregistered, ongoing digital asset securities offering. The Details According to the SEC press release , the complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in unregistered security offering to the U.S and worldwide investors. Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. Additionally, co-founder Larsen and former CEO Garlinghouse also affected personal unregistered sales of XRP totaling $600m. The complaint alleges that the defendants failed to register their offers and sales of XRP or satisfy an exemption from registration. This was deemed in violation of the registration and provisions of the federal and securities laws. Investors Bet on Favorable Outcome As a result of the complaint, XRP had slumped from $0.78 levels to $0.17 levels back in late 2020. Market forces had driven XRP back to $1.96 levels in April of this year before sliding back to $0.50 levels. In recent weeks, however, XRP has seen greater price stability than its peers. Following a modest decline of 0.84% in the week ending 19 th December, XRP was on the move at the start of this week. Investors are betting that Ripple will find a compromise with the SEC. News updates in recent months have also been positive, with some suggesting a hefty fine would satisfy the SEC. With an all-time high of $3.35 and a current level of sub-$1.00, there’s plenty of upside. Suggestions are that news of a favorable outcome could drive XRP to a new ATH. This would give Ripple the ways and means to settle a hefty fine… XRP Price Action Ripple’s XRP rallied by 5.39% to end the day at $0.8800 on Monday, with a day high of $0.9159. Looking at the day ahead, the next key resistance level would be at $0.92 levels. A breakout from $0.92 could give XRP momentum to take a run at $1.00. We can expect resistance at $0.97 levels to break down in such a momentum run. Story continues Investors will be wary, however. While Ripple does not expect the complaint to be concluded until next year, negative news could see a return to $0.50 levels. The first major support level of the day sits at $0.83 levels, in the event of a pullback. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – Minutes Indicate RBA Likely to End QE in February 2022 Oracle Keeps Seeing Big Money NZD/USD Forex Technical Analysis – .6702 Main Bottom Potential Trigger Point for Acceleration into .6589 USD/JPY Forex Technical Analysis – Rangebound with 114.029 Resistance, 113.173 Support U.S. Dollar Index (DX) Futures Technical Analysis – Strenghtens Over 96.355, Weakens Under 96.195 Paraguay’s Senate in Favor of Legalizing Bitcoin & Crypto Mining', 'In late 2020, the U.S SEC filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders. The SEC alleges that they raised over $1.3bn through an unregistered, ongoing digital asset securities offering. The Details According to the SEC press release , the complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in unregistered security offering to the U.S and worldwide investors. Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. Additionally, co-founder Larsen and former CEO Garlinghouse also affected personal unregistered sales of XRP totaling $600m. The complaint alleges that the defendants failed to register their offers and sales of XRP or satisfy an exemption from registration. This was deemed in violation of the registration and provisions of the federal and securities laws. Investors Bet on Favorable Outcome As a result of the complaint, XRP had slumped from $0.78 levels to $0.17 levels back in late 2020. Market forces had driven XRP back to $1.96 levels in April of this year before sliding back to $0.50 levels. In recent weeks, however, XRP has seen greater price stability than its peers. Following a modest decline of 0.84% in the week ending 19 th December, XRP was on the move at the start of this week. Investors are betting that Ripple will find a compromise with the SEC. News updates in recent months have also been positive, with some suggesting a hefty fine would satisfy the SEC. With an all-time high of $3.35 and a current level of sub-$1.00, there’s plenty of upside. Suggestions are that news of a favorable outcome could drive XRP to a new ATH. This would give Ripple the ways and means to settle a hefty fine… XRP Price Action Ripple’s XRP rallied by 5.39% to end the day at $0.8800 on Monday, with a day high of $0.9159. Looking at the day ahead, the next key resistance level would be at $0.92 levels. A breakout from $0.92 could give XRP momentum to take a run at $1.00. We can expect resistance at $0.97 levels to break down in such a momentum run. Story continues Investors will be wary, however. While Ripple does not expect the complaint to be concluded until next year, negative news could see a return to $0.50 levels. The first major support level of the day sits at $0.83 levels, in the event of a pullback. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – Minutes Indicate RBA Likely to End QE in February 2022 Oracle Keeps Seeing Big Money NZD/USD Forex Technical Analysis – .6702 Main Bottom Potential Trigger Point for Acceleration into .6589 USD/JPY Forex Technical Analysis – Rangebound with 114.029 Resistance, 113.173 Support U.S. Dollar Index (DX) Futures Technical Analysis – Strenghtens Over 96.355, Weakens Under 96.195 Paraguay’s Senate in Favor of Legalizing Bitcoin & Crypto Mining', 'Price action on Monday supported those that view Bitcoin (BTC) as an alternative to gold as a safe-haven.\nIt was a day in the deep red for the global equity markets on Monday. Market concerns over the rising number of new Omicron cases and government measures to contain the spread weighed on riskier assets.\nWith containment measures being reintroduced, there are also concerns of more supply chain bottlenecks. This is then expected to lead to another spike in inflation, which would weigh on consumption and economic growth.\nOn Monday, the Dow and the NASDAQ fell by 1.23% and by 1.24% respectively. In Europe, the DAX30 also struggled, sliding by 1.88%.\nThings were not much better in Asia, with the Nikkei 225 ending the day with a 2.13% loss.\nBitcoin, BTC to USD, rose by 0.43% on Monday to end the day at $46,901. Key on the day was a recovery from a day low $45,600 to strike a day high $47,541 before easing back.\nBitcoin has continued to find plenty of support at $45,000, while facing stern resistance at $48,500 levels of late.\nIn the coming days, there will be a greater indication of whether Bitcoin (BTC) can further decouple from the U.S equity markets.\nA continued spread of the Omicron strain and measures to contain the virus remain downside risks for the global equity markets. For Bitcoin, further evidence of support amidst market stress environments would be a boost. A return to $50,000 levels will be key near-term for Bitcoin to avoid a fall back to sub-$40,000 levels, however.\nFor the ahead, the first major resistance level sits at $47,760. A breakout from Monday’s high $47,541 would support a run at the second major resistance level at $48,622. Breaking down resistance at $48,500 will be a test, however.\nAt the time of writing, Bitcoin (BTC) was up by 0.34% to $47,059.\nLooking at the U.S futures, the Dow Mini was up by 132 points at the time of writing. The upside is modest, however, compared to Monday’s 433-point slide.\nThisarticlewas originally posted on FX Empire\n• AUD/USD Forex Technical Analysis – Straddling .7109 Pivot Ahead of RBA Minutes\n• Instagram is Currently Exploring NFTs, CEO Reveals\n• AUD/USD and NZD/USD Fundamental Daily Forecast – Minutes Indicate RBA Likely to End QE in February 2022\n• Oracle Agrees to Acquire Medical Records Company Cerner\n• U.S. Dollar Index (DX) Futures Technical Analysis – Strenghtens Over 96.355, Weakens Under 96.195\n• European Equities: German and Eurozone Consumer Sentiment in Focus', 'Price action on Monday supported those that view Bitcoin (BTC) as an alternative to gold as a safe-haven. The Global Equity Markets It was a day in the deep red for the global equity markets on Monday. Market concerns over the rising number of new Omicron cases and government measures to contain the spread weighed on riskier assets. With containment measures being reintroduced, there are also concerns of more supply chain bottlenecks. This is then expected to lead to another spike in inflation, which would weigh on consumption and economic growth. On Monday, the Dow and the NASDAQ fell by 1.23% and by 1.24% respectively. In Europe, the DAX30 also struggled, sliding by 1.88%. Things were not much better in Asia, with the Nikkei 225 ending the day with a 2.13% loss. Bitcoin (BTC) Price Action Bitcoin , BTC to USD, rose by 0.43% on Monday to end the day at $46,901. Key on the day was a recovery from a day low $45,600 to strike a day high $47,541 before easing back. Bitcoin has continued to find plenty of support at $45,000, while facing stern resistance at $48,500 levels of late. In the coming days, there will be a greater indication of whether Bitcoin (BTC) can further decouple from the U.S equity markets. A continued spread of the Omicron strain and measures to contain the virus remain downside risks for the global equity markets. For Bitcoin, further evidence of support amidst market stress environments would be a boost. A return to $50,000 levels will be key near-term for B
**Last 60 Days of Bitcoin's Closing Prices:**
[60692.27, 61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-21
**Financial & Commodity Data:**
- Gold Closing Price: $1787.90
- Crude Oil Closing Price: $71.12
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $882,697,314,400
- Hash Rate: 173196610.49845287
- Transaction Count: 266947.0
- Unique Addresses: 678671.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.27
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: * Dollar index, dollar/euro at near 16-month highs * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Updates prices, adds commentary) By Sinéad Carew NEW YORK, Nov 11 (Reuters) - The dollar rose to almost 16-month highs against the euro and other currencies on Thursday, after the hottest U.S. inflation reading in 30 years encouraged bets that the Federal Reserve would tighten monetary policy faster than expected. News on Wednesday that U.S. consumer prices rose last month at the fastest annual pace since 1990 fueled speculation that the U.S. central bank would lift interest rates sooner than expected as traders question its stance that current high inflation is "transitory." The dollar index looked set for a second straight day of gains, touching a session peak of 95.197, its highest since July 22, 2020. It was last up 0.36% at 95.1630. The euro was down 0.28% at $1.1446 after hitting $1.1430, the lowest since July 2020. "It feels like we're still trading the repercussions of the CPI," said Vassili Serebriakov, FX strategist at UBS in New York. "The path of least resistance in the short term appears to be dollar higher. ... Stronger inflation weakens the transitory narrative, which means the Fed might need to tighten sooner." Second-day inflation-related bets and closure of the U.S. bond market for the Veterans Day holiday likely reduced trading volume and amped up price volatility, said Joseph Trevisani, senior analyst at FXstreet.com, a website following financial markets. "Generally when the bond market is closed there's less liquidity and you tend to get more exaggerated moves because there's less liquidity to absorb any particular move," he said. Sterling was down 0.31% at $1.3363 after hitting $1.3359, its lowest since December 2020. Data showing Britain's economy lagging rivals in the July-September period did little to help. The greenback was last up 0.15% against the Japanese yen , trading in a range of 113.81 yen to 114.15 yen during the day after the U.S. currency rose sharply on Wednesday. The dollar scored its second straight day of gains against another safe haven, the Swiss franc, last up 0.40% at 0.9217. Swiss National Bank governing board member Andrea Maechler said at an event late on Thursday the Swiss franc remained in demand as a safe haven investment with market uncertainties elevated due to the ongoing COVID-19 pandemic. The Australian and New Zealand dollars were pulled lower by the U.S. dollar strength. The Aussie was last down 0.46% at $0.7291 after hitting a month low of $0.7287 and New Zealand's Kiwi dropped 0.54% to $0.7019 after hitting its lowest level since Oct. 14. Turkey's lira tumbled to a record low of 9.975 to the dollar after the U.S. inflation reading, and on growing expectations that Turkey will cut rates again soon. In crypto currencies, Bitcoin was up 0.2% at $65,053.95 after hitting a $69,000 intraday record on Wednesday. ======================================================== Currency bid prices at 3:16PM (2016 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 95.1630 94.8340 +0.36% 5.759% +95.1970 +94.8240 Euro/Dollar $1.1446 $1.1477 -0.28% -6.33% +$1.1488 +$1.1443 Dollar/Yen 114.0600 113.9000 +0.15% +10.40% +114.1550 +113.8100 Euro/Yen 130.54 130.72 -0.14% +2.85% +130.9900 +130.4500 Dollar/Swiss 0.9217 0.9182 +0.40% +4.19% +0.9224 +0.9180 Sterling/Dollar $1.3363 $1.3402 -0.31% -2.21% +$1.3432 +$1.3359 Dollar/Canadian 1.2585 1.2499 +0.69% -1.17% +1.2596 +1.2472 Aussie/Dollar $0.7291 $0.7326 -0.46% -5.21% +$0.7341 +$0.7287 Euro/Swiss 1.0550 1.0538 +0.11% -2.38% +1.0574 +1.0536 Euro/Sterling 0.8563 0.8559 +0.05% -4.18% +0.8574 +0.8543 NZ $0.7019 $0.7058 -0.54% -2.24% +$0.7071 +$0.7013 Dollar/Dollar Dollar/Norway 8.6775 8.6450 +0.16% +0.83% +8.7065 +8.6365 Euro/Norway 9.9341 9.9276 +0.07% -5.09% +9.9765 +9.9101 Dollar/Sweden 8.7168 8.6992 -0.13% +6.35% +8.7338 +8.6868 Euro/Sweden 9.9774 9.9902 -0.13% -0.98% +10.0101 +9.9633 (Additional reporting by Tommy Wilkes and Saikat Chatterjee in London, Editing by Timothy Heritage, Mark Potter and Nick Zieminski)...
- 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.
|
48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45
|
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 companies are spending “hundreds of millions of dollars” on lobbyists in Washington in an attempt to rig favourable terms with regulators, according to leading economist Steve Hanke.\nIn an exclusive interview with Yahoo Finance, Hanke said lobbyists are "talking and lobbying with hundreds of millions of dollars in Washington DC” in an effort to dictate favourable regulatory terms.\nThe crypto firms involved, such as Fidelity, Square and Coinbase, have created a new trade association called the Crypto Council for Innovation, to promote the promises of cryptocurrencies.\nWashington has yet to agree upon a comprehensive regulatory framework for stablecoins and cryptocurrencies. It is in this vacuum of indecision that crypto-lobbyists are ramping up their efforts, Hanke said.\nThe burgeoning cryptocurrency market, which is little over a decade old, is now worth more than $3tn (£2tn).\nRegulating this expanding sector is proving a headache as multiple definitions may be needed for each indexed listing depending on its use case. Some cryptocurrencies may be classified as currencies (many economists and experts object to this preferring to define them as tokens), but for others it may be more appropriate to define their status as digital assets.\nThe multiple functionality of the ethereum (ETH-USD) blockchain is much harder to categorise than the singular use case of bitcoin (BTC-USD), which acts more as a store of value than a currency for day-to-day transactions.\nThe lack of clarity in defining digital assets and slowness in understanding the applications of blockchain technology has resulted in delays in setting up a robust regulatory framework that would give US federal agencies authority over the sector.\n“Considering all the banking and securities regulations already exist, if something walks like a duck, quacks like a duck, then it should be regulated like a duck," said Hanke, a former senior economist with the Reagan administration.\nRead more:How El Salvador\'s bitcoin adoption could empty it of its US dollar reserves\nHanke’s call for immediate regulation of the cryptocurrency sector has been echoed by Brian Brooks, CEO of bitcoin-mining company Bitfury. Brooks was asked for hisopinion on cryptocurrency regulation at a Congressional hearingon 8 December. The former lawyer replied: "We already have a regulatory system, so let\'s use it." He added that regulators are hesitant about defining a framework to deal with the sector because, "there is something about crypto that scares people, maybe it is just because it is new".\nThere is an interesting pattern of association arising between officials in government and cryptocurrency firms. Brooks stepped down from his regulatory position as US ActingComptroller of the Currencyand joined Bitfury as CEO.\nHanke sees a pattern of US government officials leapfrogging to new lucrative positions in the crypto-ecosystem. “Everyone in high office that is close to securities banking is going through a revolving door and landing very plum jobs within the crypto ecosystem.”\nIn the past year Brian Quintenz, formerly of the Commodities Futures Trading Commission, joined venture-capital firm and investor in crypto-start-ups, Andreessen Horowitz. In August Jay Clayton, formerly head of the Securities and Exchange Commission, took on a position as an adviser with Fireblocks, a multi-billion dollar crypto custodian firm. And, in the UK, former chancellor of the exchequer Philip Hammond has now joined crypto-assets firm Copper.\nRead more:Philip Hammond: Big finance\'s move into crypto is unstoppable\nHanke said the "massive lobbying power" from crypto-lobbyists in Washington is financed by the major centralised cryptocurrency exchanges and blockchain companies that will usher in the disruptive changes promised by Web 3.0.\n"Crypto lobbyists want to disintermediate the banks, they want to eliminate them, so the best way to do that is have the banks regulated in one way and the digital banks regulated in another,” added Hanke, who is also the co-director of Johns Hopkins University\'s Institute for Applied Economics.\n"Crypto-firms are pushing for special kinds of regulations, they want to rig the casino."\nHanke, however, emphasised one major difference being that casinos don\'t advertise that "you\'ll automatically be a big winner if you roll the dice".\n"If that were the case they’d end up in jail."\nIn contrast he described cryptocurrency developers as promoting their wares to unrealistic degrees, with the suggestion that if a consumer buys in "they\'ll save their purchasing power forever". The ability to flaunt their products unchecked is because the market is largely unregulated.\nIn early December, SEC chairman Gary Gensler\'s called for cryptocurrency platform leaders to "talk to the SEC" amid the increasing fraudulent activity in the space. Gensler made a speech at the Investor Advisory Committee that was noted for his concerns about the crypto market having significant gaps in investor protection.\nCryptocurrency companies are getting anxious about a possible onslaught of crippling restrictions from US regulators. One of the largest companies, the FTX derivatives exchange, has preempted a possible regulatory crackdown with the announcement of a series of 10 principles to guide regulators when creating the inevitable framework that is coming.\nSpeaking to Yahoo Finance about the SEC announcement to crypto-firms, Gunnar Jaerv, co-founder of First Digital Trust (FDT), said: "Gensler\'s call for crypto platforms to \'come talk to the SEC\' and discuss regulations is in the right direction and while it is great that regulators and crypto companies can openly have these conversations, it\'s important to note that most of the current regulatory frameworks are vague.\nRead more:Do bitcoin charts foretell an impending crash in 2022?\n"The lack of consistent regulation harms innovation in the space, paralysing companies as the rules change and FTX\'s Key Principles highlight the need for greater consistency, to help companies have better clarity, and nations access opportunities for greater economic growth."\nIf the US regulators strap draconian measures on the burgeoning cryptocurrency sector, it could drive innovation elsewhere across the globe where frameworks are more lenient and beneficial to business. This is backed by US Republican Representative Patrick T McHenry of North Carolina who spoke against hasty and strict regulations at the recent Congressional hearing.\n“We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand. That fear of the unknown and the move to regulate before understanding will only stifle American ingenuity and put us at a competitive disadvantage,” McHenry had stated.', 'Steve Hanke, co-director of Johns Hopkins University\'s Institute for Applied Economics. Photo: Ramin Talaie/Bloomberg (Bloomberg via Getty Images) Crypto companies are spending “hundreds of millions of dollars” on lobbyists in Washington in an attempt to rig favourable terms with regulators, according to leading economist Steve Hanke. In an exclusive interview with Yahoo Finance, Hanke said lobbyists are "talking and lobbying with hundreds of millions of dollars in Washington DC” in an effort to dictate favourable regulatory terms. The crypto firms involved, such as Fidelity, Square and Coinbase, have created a new trade association called the Crypto Council for Innovation, to promote the promises of cryptocurrencies. Washington has yet to agree upon a comprehensive regulatory framework for stablecoins and cryptocurrencies. It is in this vacuum of indecision that crypto-lobbyists are ramping up their efforts, Hanke said. The burgeoning cryptocurrency market, which is little over a decade old, is now worth more than $3tn (£2tn). Regulating this expanding sector is proving a headache as multiple definitions may be needed for each indexed listing depending on its use case. Some cryptocurrencies may be classified as currencies (many economists and experts object to this preferring to define them as tokens), but for others it may be more appropriate to define their status as digital assets. Watch: Steve Hanke on crypto-lobbyists The multiple functionality of the ethereum ( ETH-USD ) blockchain is much harder to categorise than the singular use case of bitcoin ( BTC-USD ), which acts more as a store of value than a currency for day-to-day transactions. The lack of clarity in defining digital assets and slowness in understanding the applications of blockchain technology has resulted in delays in setting up a robust regulatory framework that would give US federal agencies authority over the sector. “Considering all the banking and securities regulations already exist, if something walks like a duck, quacks like a duck, then it should be regulated like a duck," said Hanke, a former senior economist with the Reagan administration. Story continues Read more: How El Salvador\'s bitcoin adoption could empty it of its US dollar reserves Hanke’s call for immediate regulation of the cryptocurrency sector has been echoed by Brian Brooks, CEO of bitcoin-mining company Bitfury. Brooks was asked for his opinion on cryptocurrency regulation at a Congressional hearing on 8 December. The former lawyer replied: "We already have a regulatory system, so let\'s use it." He added that regulators are hesitant about defining a framework to deal with the sector because, "there is something about crypto that scares people, maybe it is just because it is new". There is an interesting pattern of association arising between officials in government and cryptocurrency firms. Brooks stepped down from his regulatory position as US Acting Comptroller of the Currency and joined Bitfury as CEO. Watch: Steve Hanke: \'Cryptocurrencies are fiat money on steroids\'Watch: Hanke sees a pattern of US government officials leapfrogging to new lucrative positions
**Last 60 Days of Bitcoin's Closing Prices:**
[61393.62, 60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-22
**Financial & Commodity Data:**
- Gold Closing Price: $1801.60
- Crude Oil Closing Price: $72.76
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $925,258,519,653
- Hash Rate: 178007627.4567432
- Transaction Count: 288495.0
- Unique Addresses: 719298.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Boots denied taking part in the scheme (PA Wire/PA Images) Shares in a London-listed fintech business crashed today after claims it was working with some of the UK’s top retailers on a bitcoin cashback scheme crumbled. Mode Global sunk as much as 20% at the open after it was forced to issue a “clarifying statement” on the scheme launched just a day earlier. Mode said on Thursday it was launching bitcoin cashback in partnership with 40 retailers next year, including Ocado , Homebase and Boots . CEO Ryan Moore said the announcement was a “major step” that would help put “Bitcoin into the hands of millions of customers across the UK." Chair and founder Jonathan Rowland, the son of the Duke of York’s close friend and advisor David ‘Spotty’ Rowland, tweeted that Mode was “delivering as promised” and suggested his business had “made contact” with Amazon . Shares surged as much as 16%. Ocado, Homebase and Boots all subsequently denied being involved in the project. A Boots spokesperson said: “Boots is not involved with this scheme. We have not been directly approached by Mode and they have used our name without permission in their press release and marketing materials.” Ocado said: “Ocado has never had any affiliation with Mode, nor any involvement with their announcement from 18 th November 2021.” Homebase couldn’t be reached for comment but told the Times it was not involved in Mode’s project. Today, Mode was forced to “clarify” its earlier statement. The company said it had engaged with “certain specific brands” through an affiliate programme rather than directly. Several sources with direct knowledge of the situation said the affiliate programme in question was Awin. Affiliate programmes do not necessarily need direct approval from end companies. However, several appeared to have now proactively blocked Mode after yesterday’s release. The company said: “Some of those specified brands have since withdrawn Mode as an affiliate.” Boots is understood to be among the companies to have blocked Mode. Story continues The head of marketing at CoinCorner, another cryptocurrency business that offers bitcoin cashback, said they had been dropped by Boots in the wake of the Mode announcement. “CoinCorner have been partnered with Boots for over a year with no issues — they’re one of our most popular merchants,” Molly Spiers wrote on Twitter , sharing an apparent email from Boots. Mode vowed to still launch its bitcoin cashback programme early next year. On Twitter, Rowland replied to a tweet about Boots, Ocado and Homebase saying he “fully expect[s] to engage with them in a positive way with a good outcome in the future.” He tweeted: “We have clarified the statement and we are comfortable with what we released yesterday because it was accurate. Some brands don’t want to be associated to Crypto despite approving us through the affiliate process. We can’t control that unfortunately.” Shares in Mode Global settled down 6p, or 15%, to 34p. The swift unwinding of the plan raises questions the approval process for the original statement. Mode was advised by Maitland AMO, a well-known City firm that claims to be “Europe’s leading financial, corporate and political communications consultancy”. Broker Arden Partners helped release the market statement. Maitland and Arden both declined to comment. Read More Bitcoin trumps gold for investors as inflation fears rise Why the price of bitcoin is pushing to new highs Bitcoin hits $50,000 as Bank of America says cryptocurrency just in the ‘first inning’...
- 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.
|
50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81
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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:**
['To the uninitiated, it sounds like a bunch of rich guys arguing over how many angels can dance on the head of a pin. But beyond Twitter drama, Block Inc. CEO Jack Dorsey’s public sparring with venture capitalists over “Web 3″ serves as a proxy for a long-running debate – not only about which cryptocurrencies are best but what they are good for. The contretemps highlights important questions about what a truly decentralized internet would really look like, and what role different stakeholders have in building it. Dorsey, a longtime bitcoin aficionado, appears to have aligned himself with the so-called maximalists, a camp highly suspicious of any rival to the original cryptocurrency and any non-monetary application of the underlying technology. Both sides of the Web 3 debate bemoan the current state of the internet, dominated by a handful of large platforms (not least of all Twitter, where Dorsey stepped down as CEO last month). But the maximalists distrust the Web 3 crowd’s use of crypto tokens as a way to fund such projects. The fact that VCs are big holders of these tokens is, to the maximalists, damning, a classic case of “meet the old boss, same as the new boss.” Web 3 advocates, which include but are not limited to VCs, counter that a variety of approaches is needed to make good on the internet’s liberating promise; that tokens can align participants’ interests in a network; that Web 3 developers’ reliance on VCs is a perverse consequence of outdated securities laws ; and that while Bitcoin was a bona fide breakthrough, its utility is limited and the purists are being shortsighted. Since his controversial tweet on Dec. 20, declaring that VCs, not users, control Web 3, thus making it a “centralized entity with a different label,” Dorsey has gone on an unfollowing spree on the social network he co-founded and ran for years. You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into… — jack⚡️ (@jack) December 21, 2021 Some of the most well-known players in the crypto space, including Andressen Horowitz (a16z) co-founder Marc Andreessen, Coinbase CEO Brian Armstrong and Gemini co-founder Tyler Winklevoss, have been felled by Dorsey’s unfollow button. Andreessen later blocked Dorsey. Story continues Proponents, like Dorsey, have long touted the Bitcoin network’s utility as a tool of liberation to be used by the people, as a way to resist financial censorship and protect against hyperinflation. On that score, few if any in the Web 3 camp would likely disagree. The ongoing debate centers around the level of decentralization in the burgeoning Web 3 space, into which big investors have been pouring money – and, in the eyes of their critics, gaining outsized control in exchange. Dorsey has been increasingly critical of non-bitcoin crypto projects, which he sees as going against the decentralized ethos of Bitcoin, culminating in Monday night’s Twitter spat. Web 3 investors and supporters alike pushed back against Dorsey’s claim that Web 3 will “never escape [venture capitalists’] incentives.” Balaji Srinivasan, former chief technology officer of Coinbase and a former partner at a16z, responded to Dorsey’s tweet to voice his disagreement and point out how Twitter’s own corporate interests shaped the company in ways that betrayed its early slogan, “the free speech wing of the free speech party.” “Web 3 offers the possibility, not guarantee, of something better,” Srinivasan tweeted. “All false,” Dorsey replied, kicking off a fight that has lasted well into Wednesday and shows no sign of slowing down. Ethereum raised $0 from VCs. https://t.co/NE9xDTSEld — Balaji Srinivasan (@balajis) December 22, 2021 On Dec. 21, Dorsey re-tweeted an unflattering cartoon depicting an Ethereum-enabled Web 3 faucet pouring water into the waiting mouth of a corpulent venture capitalist, while a starving retail investor waited for droplets to fall on his tongue. In a quote-tweet of this post, Srinivasan pointed out that the Ethereum project was initially funded in 2014 by a public crowdsale, not through a venture capital round. Later that evening, Dorsey tweeted more directly: “The VCs are the problem.” Dorsey’s pot-stirring is reminiscent of another Big Tech CEO with a finger in the crypto pie – Tesla CEO Elon Musk , who also joined the fray on Monday night, tweeting “Has anyone seen web3? I can’t find it.” Dorsey’s reply was a thinly veiled reference to Andreessen Horowitz’s domination of Web 3: “It’s somewhere between a and z.” A16z bought $80 million in Twitter shares in 2011 on the secondary market. Dorsey, for his part, seems to be taking the heat in stride. When Andreessen blocked Dorsey on Twitter, Dorsey posted a screenshot and cheekily tweeted “I’m officially banned from web3.” After unfollowing a host of prominent Web 3 supporters, Dorsey has gone on a following spree, adding several bitcoin maximalists and open-source software contributors .', 'To the uninitiated, it sounds like a bunch of rich guys arguing over how many angels can dance on the head of a pin. But beyond Twitter drama, Block Inc. CEO Jack Dorsey’s public sparring with venture capitalists over “Web 3″ serves as a proxy for a long-running debate – not only about which cryptocurrencies are best but what they are good for. The contretemps highlights important questions about what a truly decentralized internet would really look like, and what role different stakeholders have in building it. Dorsey, a longtime bitcoin aficionado, appears to have aligned himself with the so-called maximalists, a camp highly suspicious of any rival to the original cryptocurrency and any non-monetary application of the underlying technology. Both sides of the Web 3 debate bemoan the current state of the internet, dominated by a handful of large platforms (not least of all Twitter, where Dorsey stepped down as CEO last month). But the maximalists distrust the Web 3 crowd’s use of crypto tokens as a way to fund such projects. The fact that VCs are big holders of these tokens is, to the maximalists, damning, a classic case of “meet the old boss, same as the new boss.” Web 3 advocates, which include but are not limited to VCs, counter that a variety of approaches is needed to make good on the internet’s liberating promise; that tokens can align participants’ interests in a network; that Web 3 developers’ reliance on VCs is a perverse consequence of outdated securities laws ; and that while Bitcoin was a bona fide breakthrough, its utility is limited and the purists are being shortsighted. Since his controversial tweet on Dec. 20, declaring that VCs, not users, control Web 3, thus making it a “centralized entity with a different label,” Dorsey has gone on an unfollowing spree on the social network he co-founded and ran for years. You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into… — jack⚡️ (@jack) December 21, 2021 Some of the most well-known players in the crypto space, including Andressen Horowitz (a16z) co-founder Marc Andreessen, Coinbase CEO Brian Armstrong and Gemini co-founder Tyler Winklevoss, have been felled by Dorsey’s unfollow button. Andreessen later blocked Dorsey. Story continues Proponents, like Dorsey, have long touted the Bitcoin network’s utility as a tool of liberation to be used by the people, as a way to resist financial censorship and protect against hyperinflation. On that score, few if any in the Web 3 camp would likely disagree. The ongoing debate centers around the level of decentralization in the burgeoning Web 3 space, into which big investors have been pouring money – and, in the eyes of their critics, gaining outsized control in exchange. Dorsey has been increasingly critical of non-bitcoin crypto projects, which he sees as going against the decentralized ethos of Bitcoin, culminating in Monday night’s Twitter spat. Web 3 investors and supporters alike pushed back against Dorsey’s claim that Web 3 will “never escape [venture capitalists’] incentives.” Balaji Srinivasan, former chief technology officer of Coinbase and a former partner at a16z, responded to Dorsey’s tweet to voice his disagreement and point out how Twitter’s own corporate interests shaped the company in ways that betrayed its early slogan, “the free speech wing of the free speech party.” “Web 3 offers the possibility, not guarantee, of something better,” Srinivasan tweeted. “All false,” Dorsey replied, kicking off a fight that has lasted well into Wednesday and shows no sign of slowing down. Ethereum raised $0 from VCs. https://t.co/NE9xDTSEld — Balaji Srinivasan (@balajis) December 22, 2021 On Dec. 21, Dorsey re-tweeted an unflattering cartoon depicting an Ethereum-enabled Web 3 faucet pouring water into the waiting mouth of a corpulent venture capitalist, while a starving retail investor waited for droplets to fall on his tongue. In a quote-tweet of this post, Srinivasan pointed out that the Ethereum project was initially funded in 2014 by a public crowdsale, not through a venture capital round. Later that evening, Dorsey tweeted more directly: “The VCs are the problem.” Dorsey’s pot-stirring is reminiscent of another Big Tech CEO with a finger in the crypto pie – Tesla CEO Elon Musk , who also joined the fray on Monday night, tweeting “Has anyone seen web3? I can’t find it.” Dorsey’s reply was a thinly veiled reference to Andreessen Horowitz’s domination of Web 3: “It’s somewhere between a and z.” A16z bought $80 million in Twitter shares in 2011 on the secondary market. Dorsey, for his part, seems to be taking the heat in stride. When Andreessen blocked Dorsey on Twitter, Dorsey posted a screenshot and cheekily tweeted “I’m officially banned from web3.” After unfollowing a host of prominent Web 3 supporters, Dorsey has gone on a following spree, addi
**Last 60 Days of Bitcoin's Closing Prices:**
[60930.84, 63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-23
**Financial & Commodity Data:**
- Gold Closing Price: $1811.20
- Crude Oil Closing Price: $73.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $919,505,871,970
- Hash Rate: 182818644.4150336
- Transaction Count: 291799.0
- Unique Addresses: 744101.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.34
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin must overcome extreme volatility, high transaction costs and its large carbon footprint before it can be used more widely as a global payment option, Deutsche Bank analyst Marion Laboure wrote in a note to clients earlier this week.
Laboure noted that the Bitcoin network can process up to seven transactions per second, or 600,000 per day, while payment giant Visa can handle up to 24,000 transactions per second, or over two billion transactions per day.
In this respect,The Lightning Network, which aims to improve Bitcoin’s scalability by boosting speed and lowering costs, could be promising, Laboure wrote. Lightning Network claims it can process 25 million transactions per second at a cost of four cents per transaction, implying that it is a thousand times faster than Visa at processing payments and with lower fees, Deutsche wrote. But Visa and Mastercard currently post transaction volumes that dwarf those of the Lightning Network.
“Even if the Lightning Network exceeds $100 billion a year in transaction volume by 2025, that will still be less than 1% of the value of Visa’s annual payment transactions,” Laboure wrote.
Bitcoin becoming more accepted and used as a payment method will require “significant regulatory involvement,” Laboure added.
TheTaproot upgradehelps improve some of Bitcoin’s scalability issues, Deutsche Bank said, but Laboure still sees third-party developer initiatives such as the Lightning Network playing a larger role for Bitcoin’s adoption as a payment method going forward.
Payment services provider Square said on its website this week that allCash App customersshould be able to send bitcoin to Taproot-enabled wallets by Dec. 1 as the company seeks to confirm its activation is working properly. The company added the Taproot upgrade should help Cash App customers with increased privacy features, lower transaction fees and better smart contracts.
Read more:Mastercard Launches Crypto-Linked Payment Cards in Asia Pacific...
- Reddit Posts (Sample): []...
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.
|
50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22
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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:**
['Following in the footsteps ofVisaand a number of other mainstream players, SWIFT is the next to explore entering the tokenized asset space.\nSWIFT is a global provider of secure financial messaging services and is the banking industry’s choice for interbank payments, corporate services, cash management, and compliance. In addition, SWIFT has dominant presence in securities, FX/Treasury, and trade finance.\nAccording to SWIFT’s announcement, SWIFT will explore tokenized asset issuances and redemptions.\nIn the new year, SWIFT will look to undertake tests to explore its role in the tokenized asset space. While the total market cap of tokenized assets sits at just $2.4bn at present, tokenized asset adoption has risen sharply. For SWIFT, adoption by mainstream players and an estimated total market cap of as high as $24bn by 2027 are key considerations for entering the space.\nAs part of the announcement, SWIFT noted that banks and securities firms are already developing services that include fractionalization. Fractionalization breaks assets down into smaller value tokens. Financial market infrastructures are also embracing tokenization by supporting the full lifecycle of digital securities.\nSWIFT’s 1stquarter goal is to explore the issuance, DVP, and redemption process. This is to support a frictionless and seamless tokenized asset market.\nIn considering SWIFT’s position and network, it is well placed to solve fragmentation and inefficiencies that could prevail in the space. It’s role within the tokenized asset space will rely on SWIFT’s strong identity and security frameworks and its global reach. SWIFT does not plan to become a crypto-custodian but support tokenized asset flows alongside traditional assets.\nClearstream,Northern Trust, SETL, SWIFT, and other industry participants are exploring the feasibility and benefits of SWIFT as an interconnector.\nSWIFT’s vision is for instant and frictionless transactions not only applies to traditional securities instruments but also new asset classes.\nThisarticlewas originally posted on FX Empire\n• Price of Gold Fundamental Daily Forecast – Rallies as Safe-Haven Dollar Retreats on Optimistic Omicron News\n• BTC iShares U.S. Home Construction ETF Targets $85 Ahead of 2022\n• Silver Price Forecast – Silver Markets Give Up Early Gains\n• LUNA Rocketing with $100 in Sight\n• It’s a Quiet Economic Calendar, Leaving COVID-19 News Updates in Focus\n• GameStop’s Stock Price Continues to Rally Following Crypto Adoption', 'Earlier in the Day: It was a relatively quiet start to the day on the economic calendar this morning. The Japanese Yen was in action this morning. For the Japanese Yen According to the Ministry of Internal Affairs and Communication , Japan’s annual core rate of inflation picked up from 0.1% to 0.5%. Economists had forecast an uptick to 0.4%. The annual rate of inflation accelerated from 0.1% to 0.6%. The Japanese Yen moved from ¥114.470 to ¥114.460 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.09% to ¥114.490 against the U.S Dollar, Elsewhere At the time of writing, the Kiwi Dollar was down by 0.09% to $0.6821, with the Aussie Dollar down by 0.10% to $0.7237. The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction. Volumes will be on the lighter side. France is scheduled for an early close with the German, Italian, and Spanish markets closed for the day. At the time of writing, the EUR was down by 0.01% to $1.1326. For the Pound It’s also a particularly quiet day ahead on the economic calendar . There are no material stats to provide the Pound with direction, leaving the Pound in the hands of market risk sentiment and COVID-19 news. It’s also an early close for the UK markets today. At the time of writing, the Pound was up by 0.02% to $1.3411. Across the Pond There are no stats to consider today, with the U.S markets closed today. On Thursday, the Dollar Spot Index slipped by 0.06% to end the day at 96.019. For the Loonie It’s quiet day ahead on the economic data front. There are no major stats to provide direction. With many major markets closed or on shortened sessions, volumes will be on the lighter side. At the time of writing, the Loonie was down by 0.03% to C$1.2814 against the U.S Dollar. 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: European Equities: It’s a Quiet Day for the Markets… Gold Price Forecast – Gold Markets Give Up Early Gains Natural Gas Price Forecast – Natural Gas Markets Get Hammered LUNA Rocketing with $100 in Sight It’s a Quiet Economic Calendar, Leaving COVID-19 News Updates in Focus BTC iShares U.S. Home Construction ETF Targets $85 Ahead of 2022', 'It was a relatively quiet start to the day on theeconomic calendarthis morning. The Japanese Yen was in action this morning.\nAccording to theMinistry of Internal Affairs and Communication, Japan’s annual core rate of inflation picked up from 0.1% to 0.5%. Economists had forecast an uptick to 0.4%. The annual rate of inflation accelerated from 0.1% to 0.6%.\nThe Japanese Yen moved from ¥114.470 to ¥114.460 upon release of the figures. At the time of writing, theJapanese Yenwas down by 0.09% to ¥114.490 against the U.S Dollar,\nAt the time of writing, theKiwi Dollarwas down by 0.09% to $0.6821, with theAussie Dollardown by 0.10% to $0.7237.\nIt’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.\nVolumes will be on the lighter side. France is scheduled for an early close with the German, Italian, and Spanish markets closed for the day.\nAt the time of writing, theEURwas down by 0.01% to $1.1326.\nIt’s also a particularly quiet day ahead on theeconomic calendar. There are no material stats to provide the Pound with direction, leaving the Pound in the hands of market risk sentiment and COVID-19 news.\nIt’s also an early close for the UK markets today.\nAt the time of writing, thePoundwas up by 0.02% to $1.3411.\nThere are no stats to consider today, with the U.S markets closed today.\nOn Thursday, the Dollar Spot Index slipped by 0.06% to end the day at 96.019.\nIt’s quiet day ahead on the economic data front. There are no major stats to provide direction. With many major markets closed or on shortened sessions, volumes will be on the lighter side.\nAt the time of writing, theLooniewas down by 0.03% to C$1.2814 against the U.S Dollar.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• European Equities: It’s a Quiet Day for the Markets…\n• Gold Price Forecast – Gold Markets Give Up Early Gains\n• Natural Gas Price Forecast – Natural Gas Markets Get Hammered\n• LUNA Rocketing with $100 in Sight\n• It’s a Quiet Economic Calendar, Leaving COVID-19 News Updates in Focus\n• BTC iShares U.S. Home Construction ETF Targets $85 Ahead of 2022', 'Metaverse was back in the news, with PwC Hong Kong announcing its move into the metaverse. PwC Hong Kong is a subsidiary of Pricewaterhouse Coopers, which has a network of firms in 156 countries, delivering assurance advisory, and tax services. Industries that PwC Hong Kong supports include but are not limited to asset and wealth management, automotive, banking and capital markets, consumer markets, and financial services.\nOn Thursday, PwC Hong Kong announced that it had purchased LAND in The Sandbox. The LAND purchase is to allow the construction of a Web 3.0 advisory hub. PwC plans to use the hub to build a new generation of professional services that includes accounting and taxation.\nEarlier this year, PwC had raised concerns that venture capital and similar well-funded organizations are hindering opportunities for smaller firms to invest and benefit from the growth of crypto start-ups. PwC is not alone, with a number of other prominent names also seeing VCs as a threat to Web 3.0 development.\nPwC Hong Kong is not the only mainstream firm exploring the metaverse. Earlier this month, Bank of America gave its view on the metaverse.According to the BoA, the metaverse presents a massive opportunity for crypto as “we start using cryptocurrencies as currencies”. Another U.S banking giant, Morgan Stanley, also reportedly noted that the metaverse could fundamentally transform human behavior. In particular, metaverse could alter the way people socialize, watch performances, engage with brands, learn, and trade/speculate on digital assts.\nBank of America reportedly announced that the metaverse economy could grow to $800bn by 2024.\nPwC Hong Kong did not state the purchase amount. Earlier in the month, however, Tokens.com had announced a $2.4m LAND purchase.\nOn Thursday, SAND rallied by 23.7% to end the day at $6.32. In late November, SAND had struck an ATH $8.49 before easing back. In spite of the pullback, positive metaverse news has supported an eyewatering 17,600% SAND return year-to-date. When considering Bank of America’s estimates for metaverse economic growth, there’s more to come.\nThisarticlewas originally posted on FX Empire\n• LUNA Rocketing with $100 in Sight\n• Chainlink Struggles To Regain Bids, but There Are Bullish Hints\n• Why Moderna Stock Is Down By 4% Today\n• BTC iShares U.S. Home Construction ETF Targets $85 Ahead of 2022\n• S&P 500 Price Forecast – S&P 500 Approaching All-Time Highs Again\n• SWIFT Announces Plans to Enter the Tokenized Asset Market', 'Metaverse was back in the news, with PwC Hong Kong announcing its move into the metaverse. PwC Hong Kong is a subsidiary of Pricewaterhouse Coopers, which has a network of firms in 156 countries, delivering assurance advisory, and tax services. Industries that PwC Hong Kong supports include but are not limited to asset and wealth management, automotive, banking a
**Last 60 Days of Bitcoin's Closing Prices:**
[63039.82, 60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-24
**Financial & Commodity Data:**
- Gold Closing Price: $1811.20
- Crude Oil Closing Price: $73.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $919,505,871,970
- Hash Rate: 182818644.4150336
- Transaction Count: 291799.0
- Unique Addresses: 744101.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.41
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin After a failed attempt near $49,500, bitcoin price started a fresh decline. There was a steady decline below the $48,000 and $47,000 levels. The bears even pushed the price below $46,500 and the 21 simple moving average (H1). Besides, there was a break below a major bullish trend line with support near $47,350 on the hourly chart. The next major support sits at $46,250, below which there is a risk of a larger decline. The main support is near $46,000. Any more losses may possibly lead the price towards the $45,000 level. If there is a fresh increase, the price could test the $47,000 level. The key barrier is now near $47,500, above which the price might rise steadily. Ether (ETH) Ether also started a major decline from well above the $4,000 zone. There was a clear move below the $3,850 and $3,800 support levels. The bears pushed the price below the 61.8% Fib retracement level of the upward move from the $3,650 swing low to $4,120 high. It is now trading below $3,750 and the 21 simple moving average (H1). The next major support is near $3,690. A downside break below the $3,690 support could push the price further lower. The next major support sits at $3,650, below which there is a risk of a move towards $3,520. WAVES WAVES remained stable near the $14.50 and $15.00 levels. As a result, there was a steady increase above the $16.50 resistance level. The bulls pumped the price above the 38.2% Fib retracement level of the downward move from the $23.40 swing high to $14.40 low. It is now trading near the $19.50 and $20.00 resistance levels. There is also a key bearish trend line forming with resistance near $19.50 on the daily chart. WAVES is now trading above the $19.00 level and 21-day simple moving average. It is also facing resistance near the 50% Fib retracement level of the downward move from the $23.40 swing high to $14.40 low. The next major resistance is near the $20.20 level. A close above $20.00 and $20.20 could open the doors for a strong rally. Story continues ADA, BNB, and DOT price Cardano (ADA) is down 7% and trading near the $1.20 support. A proper close below the $1.20 support could push the price further lower. The next major support is $1.05. Any more losses might call for a move towards $1.00. Binance Coin (BNB) is trading well below the $525 and $530 levels. It is approaching the $500 support level. A downside break below $500 could open the doors for a move towards $450. Polkadot (DOT) is down 8% and trading below the $25.00 support. It is trading below the $24.50 support. It seems like the bears are aiming a move towards the $23.20 level. A few trending coins are YFI and HNT . Out of these YFI is up over 35% and it cleared the key $28k resistance zone. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast Crude Oil Markets Continue to Search for Support USD/JPY Weekly Price Forecast Us Dollar Drift Lower for the Week DappRadars Industry Report Highlights Massive Growth in 2021 Natural Gas Weekly Price Forecast Natural Gas Markets Have Volatile Weak Again Silver Price Forecast Silver Markets Give Up Early Gains Gold Weekly Price Forecast Gold Markets Recover for the Week...
- Reddit Posts (Sample): []...
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.
|
50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12
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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:**
['Despite rising inflation, a global supply chain crisis, and intense political discord finding its way into just about every discussion, the pandemic only briefly succeeded in interrupting what appears to be an endless stock market bull run. The S&P 500 delivered plenty of winners in 2021, but with the year now almost in the books, it\x92s time to reflect on the biggest climbers of them all. Making Money: The Most Fascinating Things You Never Knew You Could Invest In See: Investing for Beginners: What First-Time Investors Need To Know Some Stocks Gained Huge Dollar Amounts Some stocks \x97 particularly those with share prices that were high to begin with \x97 experienced dramatic three- and even four-digit gains in 2021. Here\x92s a look at the top 25. You\x92ll notice that Alphabet, Google\x92s parent company, appears twice. The stock with the ticker symbol GOOGL is for A-shares, which come with voting rights. GOOG represents the company\x92s C-shares, which is basically the same stock that trades at almost the same price, but doesn\x92t give investors a say in how the company is run. Gartner Inc. (IT) 2/19/2020 price: $158.07 2/19/2021 price: $321.22 Dollar change: $163.15 Percent change: 103.21% Lam Research Corp. (LRCX) 2/19/2020 price: $478.02 2/19/2021 price: $641.98 Dollar change: $163.96 Percent change: 34.30% Costco Wholesale (COST) 2/19/2020 price: $380.15 2/19/2021 price: $546.13 Dollar change: $165.98 Percent change: 43.66% Thermo Fisher Scientific Inc. (TMO) 2/19/2020 price: $471.82 2/19/2021 price: $638.74 Dollar change: $166.92 Percent change: 35.38% Commodities and More: Smart Investments To Make During the Pandemic Monolithic Power Sys (MPWR) 2/19/2020 price: $364.82 2/19/2021 price: $535.02 Dollar change: $170.20 Percent change: 46.65% Bio-Rad Laboratories (BIO) 2/19/2020 price: $575.26 2/19/2021 price: $750.17 Dollar change: $174.91 Percent change: 30.41% Adobe Systems Inc. (ADBE) 2/19/2020 price: $485.34 2/19/2021 price: $662.10 Dollar change: $176.76 Percent change: 36.42% Story continues O\x92Reilly Automotive (ORLY) 2/19/2020 price: $453.97 2/19/2021 price: $635.73 Dollar change: $181.76 Percent change: 40.04% See: Cryptocurrency Glossary: Defining the Terms of the Hot Topic Fortinet Inc. (FTNT) 2/19/2020 price: $145.56 2/19/2021 price: $327.39 Dollar change: $181.83 Percent change: 124.92% MSCI Inc. (MSCI) 2/19/2020 price: $437.64 2/19/2021 price: $621.04 Dollar change: $183.40 Percent change: 41.91% Nvidia Corp. (NVDA) 2/19/2020 price: $131.14 2/19/2021 price: $315.03 Dollar change: $183.89 Percent change: 140.22% Blackrock Inc. (BLK) 2/19/2020 price: $710.82 2/19/2021 price: $901.64 Dollar change: $190.82 Percent change: 26.85% Pool Corp. (POOL) 2/19/2020 price: $356.89 2/19/2021 price: $559.19 Dollar change: $202.30 Percent change: 56.68% Zebra Technologies (ZBRA) 2/19/2020 price: $378.13 2/19/2021 price: $590.72 Dollar change: $212.59 Percent change: 56.22% Dexcom (DXCM) 2/19/2020 price: $357.74 2/19/2021 price: $591.96 Dollar change: $234.22 Percent change: 65.47% Intuit Inc. (INTU) 2/19/2020 price: $371.70 2/19/2021 price: $666.91 Dollar change: $295.21 Percent change: 79.42% Amazon.com Inc. (AMZN) 2/19/2020 price: $3,186.63 2/19/2021 price: $3,504.56 Dollar change: $317.93 Percent change: 9.98% Learn: What Is Bitcoin? Investing In Cryptocurrency Explained Svb Financial Group (SIVB) 2/19/2020 price: $387.34 2/19/2021 price: $714.19 Dollar change: $326.85 Percent change: 84.38% Mettler-Toledo International (MTD) 2/19/2020 price: $1,160.87 2/19/2021 price: $1,496.65 Dollar change: $335.78 Percent change: 28.92% Tesla Inc. (TSLA) 2/19/2020 price: $729.77 2/19/2021 price: $1,081.92 Dollar change: $352.15 Percent change: 48.25% Chipotle Mexican Grill (CMG) 2/19/2020 price: $1,319.12 2/19/2021 price: $1,686.88 Dollar change: $367.76 Percent change: 27.88% Autozone (AZO) 2/19/2020 price: $1,180.40 2/19/2021 price: $1,814.18 Dollar change: $633.78 Percent change: 53.69% Your Money: 3 Toxic Investments You Should Avoid Alphabet Cl A (GOOGL) 2/19/2020 price: $1,726.13 2/19/2021 price: $2,843.66 Dollar change: $1,117.53 Percent change: 64.74% Alphabet Cl C (GOOG) 2/19/2020 price: $1,728.24 2/19/2021 price: $2,856.12 Dollar change: $1,127.88 Percent change: 65.26% NVR Inc. (NVR) 2/19/2020 price: $4,040.65 2/19/2021 price: $5,291.10 Dollar Change: $1,250.45 Percent change: 30.95% More: 6 Small Investment Ideas When You Have Less Than $500 Other Stocks Had Mighty Runs in Terms of Percentage If you buy securities in partial shares, you care only about a stock\x92s percent gain or loss, as the price of individual shares means nothing. Here\x92s a look at the biggest gainers of the year in terms of percentage. Johnson Controls Intl (JCI) 2/19/2020 price: $46.18 2/19/2021 price: $77.42 Dollar change: $31.24 Percent change: 67.65% Adv Micro Devices (AMD) 2/19/2020 price: $92.30 2/19/2021 price: $154.81 Dollar change: $62.51 Percent change: 67.72% Etsy Inc. (ETSY) 2/19/2020 price: $172.08 2/19/2021 price: $291.38 Dollar change: $119.30 Percent change: 69.33% Occidental Petroleum Corp. (OXY) 2/19/2020 price: $17.45 2/19/2021 price: $29.70 Dollar change: $12.25 Percent change: 70.20% Take a Look: Ways Investing Will Change in 25 Years Quanta Services (PWR) 2/19/2020 price: $68.25 2/19/2021 price: $117.54 Dollar change: $49.29 Percent change: 72.22% Albemarle Corp. (ALB) 2/19/2020 price: $152.63 2/19/2021 price: $266.85 Dollar change: $114.22 Percent change: 74.83% Eog Resources (EOG) 2/19/2020 price: $49.86 2/19/2021 price: $87.42 Dollar change: $37.56 Percent change: 75.33% Arista Networks Inc. (ANET) 2/19/2020 price: $70.79 2/19/2021 price: $124.97 Dollar change: $54.18 Percent change: 76.54% Apache Corp. (APA) 2/19/2020 price: $14.77 2/19/2021 price: $26.24 Dollar change: $11.47 Percent change: 77.66% Intuit Inc. (INTU) 2/19/2020 price: $371.70 2/19/2021 price: $666.91 Dollar change: $295.21 Percent change: 79.42% Extra Space Storage Inc. (EXR) 2/19/2020 price: $110.29 2/19/2021 price: $198.79 Dollar change: $88.50 Percent change: 80.24% Up Next: 10 Best Penny Stocks To Watch Right Now ConocoPhillips (COP) 2/19/2020 price: $39.57 2/19/2021 price: $71.48 Dollar change: $31.91 Percent change: 80.64% Cabot Oil & Gas Corp. (COG) 2/19/2020 price: $68.00 2/19/2021 price: $124.50 Dollar change: $56.50 Percent change: 83.09% Svb Financial Group (SIVB) 2/19/2020 price: $387.34 2/19/2021 price: $714.19 Dollar change: $326.85 Percent change: 84.38% Old Dominion Freight Line Inc. (ODFL) 2/19/2020 price: $190.69 2/19/2021 price: $352.06 Dollar change: $161.37 Percent change: 84.62% More: 16 Money Rules That Millionaires Swear By Robert Half International Inc. (RHI) 2/19/2020 price: $61.15 2/19/2021 price: $114.57 Dollar change: $53.42 Percent change: 87.36% Simon Property Group (SPG) 2/19/2020 price: $82.81 2/19/2021 price: $160.48 Dollar change: $77.67 Percent change: 93.79% Gartner Inc. (IT) 2/19/2020 price: $158.07 2/19/2021 price: $321.22 Dollar change: $163.15 Percent change: 103.21% Nucor Corp. (NUE) 2/19/2020 price: $52.51 2/19/2021 price: $113.98 Dollar change: $61.47 Percent change: 117.06% Diamondback Energy (FANG) 2/19/2020 price: $48.94 2/19/2021 price: $107.48 Dollar change: $58.54 Percent change: 119.62% Learn More: Do You Invest Like These Millionaire Stars? Fortinet Inc. (FTNT) 2/19/2020 price: $145.56 2/19/2021 price: $327.39 Dollar change: $181.83 Percent change: 124.92% Marathon Oil Corp. (MRO) 2/19/2020 price: $6.83 2/19/2021 price: $15.70 Dollar change: $8.87 Percent change: 129.87% Ford Motor Company (F) 2/19/2020 price: $8.52 2/19/2021 price: $19.75 Dollar change: $11.23 Percent change: 131.81% Nvidia Corp. (NVDA) 2/19/2020 price: $131.14 2/19/2021 price: $315.03 Dollar change: $183.89 Percent change: 140.22% Devon Energy Corp. (DVN) 2/19/2020 price: $16.13 2/19/2021 price: $42.70 Dollar change: $26.57 Percent change: 164.72% More From GOBankingRates The 5 Fastest Ways To Become Rich, According To Experts Social Security Schedule: When You\x92ll Receive Payments For The Remainder of 2021 How To Add $500 to Your Wallet Just in Time for the Holidays Should You Refinance Now With the Low Mortgage Rates? Methodology: GOBankingRates used Google Finance data to analyze all components of the S&P500 index, downloaded from Barchart. For each component, GOBankingRates found (1) the January 4, 2021 closing price, (2) the Nov. 26, 2021 closing price, (3) the change in closing price over the period, and (4) the percent change in closing price. The top 25 stocks that have seen the largest percent change and the top 25 stocks that have seen the largest dollar change in closing price over the past year were identified as the stocks that have made the biggest jumps. All data were gathered on and up to date as of Nov. 30, 2021. This article originally appeared on GOBankingRates.com : The Biggest Stock Climbs of 2021', 'Despite rising inflation, a global supply chain crisis, and intense political discord finding its way into just about every discussion, the pandemic only briefly succeeded in interrupting what appears to be an endless stock market bull run. The S&P 500 delivered plenty of winners in 2021, but with the year now almost in the books,it’s time to reflect on the biggest climbers of them all.\nMaking Money:The Most Fascinating Things You Never Knew You Could Invest InSee:Investing for Beginners: What First-Time Investors Need To Know\nSome stocks — particularly those with share prices that were high to begin with — experienced dramatic three- and even four-digit gains in 2021.\nHere’s a look at the top 25.\nYou’ll notice that Alphabet, Google’s parent company, appears twice. The stock with the ticker symbol GOOGL is for A-shares, which come with voting rights. GOOG represents the company’s C-shares, which is basically the same stock that trades at almost the same price, but doesn’t give investors a say in how the company is run.\n• 2/19/2020 price:$158.07\n• 2/19/2021 price:$321.22\n• Dollar chan
**Last 60 Days of Bitcoin's Closing Prices:**
[60363.79, 58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-25
**Financial & Commodity Data:**
- Gold Closing Price: $1811.20
- Crude Oil Closing Price: $73.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $960,929,192,795
- Hash Rate: 177149566.7855162
- Transaction Count: 207803.0
- Unique Addresses: 580922.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.39
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: 2021 has been an extraordinary year for crypto. We saw decentralized finance (DeFi) swell to a$100 billion+ industry, bitcoin (BTC) reach a pricepeak of $69,000, massive ecosystem growth for companion blockchain networks (layer 2) such asArbitrumand alternative chains likeSolana, over$22 billionin sales for non-fungible tokens (NFT) and more mainstream and institutional interest than ever before.
Paul Veradittakit is a partner at Pantera Capital.
Here are six of my top predictions for how the sector will fare in 2022:
• L2s and Rollups:Rollupscalability platforms built on Ethereum, such as Arbitrum and StarkEx, will continue to gather traction as an immediate and long-term solution for Ethereum’s increasing network congestion.
• Non-Ethereum/Bitcoin Chains:Decentralized application (dapp) ecosystems in alternative smart contract blockchains, such as Solana and Binance Smart Chain, will continue to grow as bridges increase cross-chain access to liquidity and developer platforms make it easier to launch dapps on other chains.
• Composability and Web 3:Projects will find new, powerful ways to integrate with one another to create a unified user experience across the online ecosystem. Mechanisms for digital ownership and data management will also expand, allowing for the development of a more robust, high-utility digital identity.
• Expansion of NFTs:NFTs will continue to soar in popularity as the digital art ecosystem grows. NFTs will also power several use cases in verticals besides pure images, including gaming, music and creator/influencer fanbases.
• DAOs:Moredecentralized autonomous organizationswill launch around unique, fascinating use cases as people increasingly buy into the concept of digital collective action. Along with the growth of DAOs, we’ll see significant development in tooling for DAO management and operations as DAOs grow more complex in organization and function.
• DeFi Security:On the heels of several large DeFi exploits in 2021, security will be a bigger priority than ever for DeFi protocols in 2022. Projects emphasizing runtime security and insurance against smart contract attacks will help secure dapps on various blockchains, increasing mainstream users’ confidence and trust in DeFi as a financial ecosystem.
2021 may have been the most exciting, tumultuous year for crypto yet. We witnessed incredible growth and innovation, including Ethereum’s highly anticipatedLondon hard fork, the explosive expansion of theSolana ecosystemover the summer, and bitcoin’s all-time high price of $69,000 in November. Simultaneously, we’ve seen crypto’s inefficiencies and vulnerabilities at full blast, from Ethereum’s ridiculous gas fees to the $600 million exploit ofPolyNetwork’s smart contracts.
What is indisputable is that crypto has captured the public eye like never before. Each day, thousands of users are registering addresses on the blockchain, scouring NFT collections on OpenSea and investing more capital into DeFi and Web 3. As 2022 begins, I look forward to seeing how this mainstream attention guides the direction and speed of crypto innovation, extending the boundaries of what crypto can accomplish and helping achieve its vision of a decentralized, user-first financial system.
Here is a review of mypredictions from last year. For each prediction I’ll summarize the key developments in that space in 2021 and provide an accuracy rating to benchmark how well my initial prediction held up, with 1 being the least accurate and 5 being the most accurate.
Growth of bitcoin:Bitcoin underwentexplosive growthin 2021, reaching an all-time high of $69,000, more than double its 2020 all-time high of $28,000. At its peak, BTC hit a market cap of over$1 trillion – a feat that took Apple 42 years to accomplish, Amazon 24 years to accomplish and Google 21 years to accomplish; in contrast, BTC is barely 12 years old.Adoption grew significantly as well: the firstbitcoin-linked exchange-traded fund(ETF) launched on Wall Street in October, institutional investors poured nearly$17 billioninto the digital asset,and34 public companiesreported bitcoin on their balance sheet this year.
With these incredible gains, the asset still continues to experience considerable volatility, reaching a low of $29,807 in June andplummeting nearly 19% in a single dayin December. Moreover, it’s important to note that other digital assets, like ether (ETH), have also grown immensely in 2021, reducing bitcoin’s share of the overall crypto market from70% to 40%.
Read more:Pantera Capital Raises $600M for New Crypto Fund: Report
Nonetheless, it’s clear that bitcoin remains one of the world’s most valuable assets and continues to demonstrate the tangible value of digital scarcity and decentralization, helping pave the way for all digital assets.
Accuracy: 5
Government exploration of CBDCs:In 2021, we saw interest from even more central banks around central bank digital currencies (CBDC). Asurveyby the Bank of International Settlements found that 86% of central banks are researching the potential for CBDCs, with 14% already launching pilot projects.
In the U.S., legislators began to discuss the concept of the digital dollar with the introduction ofH.R. 2211in March, while theFederal Reserve Bank of Bostonwill soon release a summary of its findings from its research into CBDCs. In Europe, theEuropean Central Bankhas launched a project to develop a digital Euro, with an expected timeline of two years.
Some countries have gone further with ongoing CBDC pilots. China has completed over$9.7 billionin transactions with the digital yuan, and is currently exploring how CBDCs can facilitatecross-border paymentswith Hong Kong, the United Arab Emirates and Thailand.Kazakhstan,ChileandNigeriahave also all launched pilot CBDCs. Globally, progress on CBDCs primarily remains in a research stage, but government interest in state-issued digital currencies is growing steadily.
Accuracy: 4
Explosion of DeFi:2021 was DeFi’s biggest year yet, with thetotal value locked(TVL) in the ecosystem growing from $27 billion at the start of the year to a peak of $110 billion in November. Lending, in particular, grew to a TVL of $47 billion in 2021, which is a near 560% increase from last year. Though most lending protocols remain overcollateralized, several newer projects are beginning to experiment with uncollateralized loans, includingAlchemix(which uses yield-generating positions as collateral) andGoldfinch Finance(which uses a tranche loan structure to handle risk).
Automated market makers(AMM), which handled a peak monthly trading volume of $162.8 billion in March, also saw significant innovation, including the launches ofUniswap’s third version (v3)(allowing for more flexible liquidity provisioning) and protocols likeClipper Exchange(which are optimized for smaller trades).
Stablecoins, another cornerstone of DeFi, grew to a collective market cap of nearly$160 billionthis year, with the top fouer stablecoins each having individual market caps over $200 million, reflecting significant diversity in usage and adoption. Stablecoins offer a critical fiat analog in crypto, which is particularly important given the long-standing difficulties with retail cash in and cash out services.
Accuracy: 5
Widespread adoption:While crypto has yet to become part of the bread-and-butter of most people’s everyday lives, 2021 saw an enormous number of people enter the crypto space – or at least start to pay attention to it. Over38 million new addresseswere registered on Ethereum in 2021, which constitutes 22% of all addresses ever created. Also, 46% of Uniswap’s active users each month were new, indicating that people are tumbling down the DeFi rabbit hole at unprecedented speed.
Several big tech players also made major waves in crypto; Facebookrebrandedas Meta, Squarerebrandedas Block and Stripe hiredParadigm’s Matt Huang to its board. Globally, crypto interest has grown remarkably as well; most notably, El Salvador made bitcoin a form of legal tender, and is planning to use bitcoin to fundseveral infrastructural projectsin the country. All in all, crypto has captured the world’s interest like never before, and I am beyond excited to see how this attention shapes the direction of crypto innovation in the years to come.
Accuracy: 4
Regulatory clarity:It would be inaccurate to say we’ve received more regulatory clarity around crypto this year, but we’ve certainly seen regulators pay more attention to crypto and digital assets than ever before. We’ve seen both positive and negative sentiments, from theU.S. Office of the Comptroller of the Currency’s announcementthat banks can legally use stablecoin transactions to facilitate payments to the Securities and Exchange Commission’s rejection ofVanEck’s proposal for an ETF that would directly hold bitcoin. Tax reporting was a particularly key focus for U.S. regulators, most notably through President Joe Biden’s $1.2 trillion infrastructure package in November, which included language requiring crypto exchanges to directlyreport all transactionsto the Internal Revenue Service.
Globally, numerous governments have begun or continue to crack down on crypto. China hasbanned all activities related to bitcoinoutright, whileNigeria,TurkeyandIranhave also prohibited using cryptocurrencies for payments. Unfortunately, regulation surrounding cryptocurrencies remains imprecise and lacks nuance, and we still don’t have clear expectations around what most governments view as fair and legal.
Accuracy: 3
Crypto M&A, unicorns and IPOs:As of this writing, at least65 companiesfocusing on blockchain development or cryptocurrencies have achieved unicorn status (meaning a valuation of more than $1 billion), including NFT marketplaceOpenSea, blockchain game development platformDapper Labsand blockchain development suiteAlchemy. Coinbase famously made thefirst crypto initial public offering(IPO) earlier this year, opening at$342 per share.
In M&A, volume surged to nearly$6.1 ...
- Reddit Posts (Sample): []...
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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50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57
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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:**
['2021 was a particularly bullish year for Ripple’s XRP and the broader crypto market. A number of the crypto majors, including Bitcoin ( BTC ) and Ethereum ( ETH ) struck new all-time highs late in the year. Increased adoption and greater market awareness of NFTs, the metaverse and Web 3.0 drove the market cap from a January year-low $736bn to a November year high $3,009bn. The total crypto market cap stood at $2,380bn at the time of writing. Demand for alt-coins were also on the rise with Bitcoin’s (BTC) dominance taking a hit. BTC dominance had stood at 73.63% in January before sliding to a 2021 year low 39.56% in September. BTC dominance stood at 40.1% at the time of writing. According to CoinMarketCap , XRP is the 7 th largest crypto, with a market cap of $43.77bn. XRP had sat at the number 3 spot for a significant period of time before losing ground. The fall from the number 3 spot came in spite of XRP surging by 319% in the year. Others have simply done better, with the SEC lawsuit against Ripple Lab pinning XRP back from larger gains. Binance Coin ( BNB ), now ranked 3 rd by market cap, is up 1,356% for the year, with Cardano’s ADA (ranked 6 th ) up 691% . Solana ( SOL ), currently ranked 5 th by market cap, is up by an impressive 12,764% for the year. XRP Moves in 2021 In January 2021, XRP’s had fallen from a previous year high of $0.7872 to a Jan-2021 low $0.2108. Finding support from the broader market, XRP struck a 2021 year high $1.9660 in April before sliding back to $0.50 levels. The SEC lawsuit against Ripple Lab led to the sell-off. Late in the year, however, hopes of a favorable settlement with the SEC saw XRP test resistance at $1.00. The SEC action against Ripple Lab and two executives alleges that over $1.3bn was raised through an unregistered, ongoing digital assets securities offering. Key to the claim is that the SEC classified XRP as a security. This was in contrast to ETH. In June, the SEC had stated that ETH offers and sales are not securities transactions. The announcement supported an ETH run to an ATH $4,868 in November. Story continues XRP’s market cap, now sitting at $43.77bn had recovered from a Jan low $10.78bn to reach a year high $83.51bn before falling back. What’s next for Ripple’s XRP in 2022? The markets are bullish for the year ahead. Much, however, will depend upon the outcome of two lawsuits. A claim of bias against the SEC filed by Empower Oversight , a non-profit government watchdog, will be key. Empower Oversight claims that SEC officials were biased against Ripple Lab and XRP. A verdict in favor of Empower Oversight would give the SEC more reason to close out the claim against Ripple Lab, which should favor XRP. Such an outcome to the claims could see XRP breakout from its January 2018 ATH $3.35. Some are talking of hitting $5.00 levels in the year. An unfavorable outcome, however, would have a devastating impact on XRP and XRP holders. While torn, the markets have been more optimistic than earlier in the year. Aside from the outcomes of the two lawsuits, broader crypto market movements will also influence, however. A bearish year for the crypto markets could see XRP fall back to $0.50 levels. The downside risk to the broader crypto market remains greater regulatory oversight . This article was originally posted on FX Empire More From FXEMPIRE: Oil Price Fundamental Daily Forecast – OPEC+ Decision Put in the Bottom; Easing Omicron Fears Lifting Prices Silver Weekly Price Forecast – Silver Markets Have Strong Week U.S Mortgage Rates Slide but Avoid sub-3% Natural Gas Price Fundamental Daily Forecast – Steep Plunge on Milder Temps, Lower Demand Expectations USD/JPY Forex Technical Analysis – Sustained Move Over 114.380 Fib Level Puts 115.519 – 115.615 on Radar Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Recovery', '2021 was a particularly bullish year for Ripple’sXRPand the broader crypto market. A number of the crypto majors, including Bitcoin (BTC) and Ethereum (ETH) struck new all-time highs late in the year.\nIncreased adoption and greater market awareness of NFTs, the metaverse and Web 3.0 drove the market cap from a January year-low $736bn to a November year high $3,009bn. The total crypto market cap stood at $2,380bn at the time of writing.\nDemand for alt-coins were also on the rise with Bitcoin’s (BTC) dominance taking a hit. BTC dominance had stood at 73.63% in January before sliding to a 2021 year low 39.56% in September. BTC dominance stood at 40.1% at the time of writing.\nAccording toCoinMarketCap, XRP is the 7thlargest crypto, with a market cap of $43.77bn. XRP had sat at the number 3 spot for a significant period of time before losing ground.\nThe fall from the number 3 spot came in spite of XRP surging by 319% in the year. Others have simply done better, with theSEC lawsuit against Ripple Labpinning XRP back from larger gains.\nBinance Coin (BNB), now ranked 3rdby market cap, is up 1,356% for the year, with Cardano’sADA(ranked 6th) up691%. Solana (SOL), currently ranked 5thby market cap, is up by an impressive 12,764% for the year.\nIn January 2021, XRP’s had fallen from a previous year high of $0.7872 to a Jan-2021 low $0.2108. Finding support from the broader market, XRP struck a 2021 year high $1.9660 in April before sliding back to $0.50 levels.\nThe SEC lawsuit against Ripple Lab led to the sell-off. Late in the year, however, hopes of a favorable settlement with the SEC saw XRP test resistance at $1.00.\nThe SEC action against Ripple Lab and two executives alleges that over $1.3bn was raised through an unregistered, ongoing digital assets securities offering. Key to the claim is that the SEC classified XRP as a security. This was in contrast to ETH. In June, the SEC had stated that ETH offers and sales are not securities transactions. The announcement supported an ETH run to an ATH $4,868 in November.\nXRP’s market cap, now sitting at $43.77bn had recovered from a Jan low $10.78bn to reach a year high $83.51bn before falling back.\nThe markets are bullish for the year ahead. Much, however, will depend upon the outcome of two lawsuits.\nA claim of bias against the SEC filed byEmpower Oversight, a non-profit government watchdog, will be key. Empower Oversight claims that SEC officials were biased against Ripple Lab and XRP. A verdict in favor of Empower Oversight would give the SEC more reason to close out the claim against Ripple Lab, which should favor XRP.\nSuch an outcome to the claims could see XRP breakout from its January 2018 ATH $3.35. Some are talking of hitting $5.00 levels in the year. An unfavorable outcome, however, would have a devastating impact on XRP and XRP holders. While torn, the markets have been more optimistic than earlier in the year.\nAside from the outcomes of the two lawsuits, broader crypto market movements will also influence, however. A bearish year for the crypto markets could see XRP fall back to $0.50 levels. The downside risk to the broader crypto market remains greaterregulatory oversight.\nThisarticlewas originally posted on FX Empire\n• Oil Price Fundamental Daily Forecast – OPEC+ Decision Put in the Bottom; Easing Omicron Fears Lifting Prices\n• Silver Weekly Price Forecast – Silver Markets Have Strong Week\n• U.S Mortgage Rates Slide but Avoid sub-3%\n• Natural Gas Price Fundamental Daily Forecast – Steep Plunge on Milder Temps, Lower Demand Expectations\n• USD/JPY Forex Technical Analysis – Sustained Move Over 114.380 Fib Level Puts 115.519 – 115.615 on Radar\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Recovery', 'With stocks heading into what has historically been a good time of year for stocks, investors will carefully monitor the latest news on the rapidly spreading Omicron coronavirus variant to see how it affects the U.S. economy and company earnings in 2022. The following is a list of earnings slated for release December 27-31, along with a few previews. Although next week\x92s earnings are unlikely to have much of an effect on major market movements, it is sufficient to gauge investors\x92 sentiment. Monday (December 27) Tuesday (December 28) Wednesday (December 29) Thursday (December 30) Friday (December 31) Earnings Calendar For The Week Of December 27 Monday (December 27) TICKER COMPANY EPS FORECAST QIPT Quipt Home Medical $0.01 Tuesday (December 28) TICKER COMPANY EPS FORECAST CALM Cal-Maine Foods $0.28 NEOG Neogen $0.17 Wednesday (December 29) TICKER COMPANY EPS FORECAST FCEL Fuelcell Energy $-0.02 NG Novagold Resources $-0.03 Thursday (December 30) TICKER COMPANY EPS FORECAST CRON Cronos Group $-0.09 IBRX ImmunityBio $-0.2 SAFM Sanderson Farms $3.8 MKC McCormick $0.8 Friday (December 31) No major earnings are scheduled for release. What to Expect in the Markets in 2022 The year 2021 is drawing to a close and analysts and investors are already looking forward to the year 2022. In a year in which the S&P 500 has returned more than 15% for the third straight year, investors have to wonder whether there will be any more upside in the stock market over the coming year. \x93We expect solid economic and earnings growth in 2022 to help U.S. stocks deliver additional gains next year. If we are approaching\x97or are already in\x97the middle of an economic cycle with at least a few more years left (our view), then we believe the chances of another good year for stocks in 2022 are quite high. We believe the S&P 500 could be fairly valued at 5,000\x965,100 at the end of 2022, based on an EPS estimate of $235 for 2023 and an index P/E between 21 and 21.5,\x94 noted Ryan Detrick, CMT, Chief Market Strategist, LPL Financial. Story continues \x93Prospects for above-average economic growth and accompanying earnings gains in 2022 point to another potentially good year for stock investors. While the pandemic is not completely behind us as the COVID-19 Omicron variant spreads rapidly (though with a high proportion of mild cases), and there are several other risks to watch, pa
**Last 60 Days of Bitcoin's Closing Prices:**
[58482.39, 60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-12-26
**Financial & Commodity Data:**
- Gold Closing Price: $1811.20
- Crude Oil Closing Price: $73.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $954,461,940,537
- Hash Rate: 161682278.52670813
- Transaction Count: 198574.0
- Unique Addresses: 574433.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.37
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Alun John and Vidya Ranganathan HONG KONG/SINGAPORE (Reuters) -Bitcoin and ether, the world's two largest cryptocurrencies, stayed weak on Wednesday and near critical levels that analysts believe could spell further weakness if breached. Bitcoin last traded around $60,665, up 0.9% on the day. It was off the day's low of $58,400 but is down about 12% from the record high of $69,000 set on Nov. 10, while ether was at $4,244, more than 14% lower than its peak $4,868. While profit-taking after the massive run-up in prices was emerging as the biggest factor, analysts pointed to other reasons behind the more cautious sentiment, such as bitcoin's blockchain upgrade last weekend, higher U.S. inflation and China's latest directive to its state-owned firms not to engage in cryptocurrency mining. Bitcoin has doubled in value since January. Its correction could get severe if it fell through $58,000, Craig Erlam, senior market analyst at online broker Oanda, said in a note. "This is roughly where it found strong support at the end of October and given how much it's struggled to make major strides higher since, it could be the catalyst for a deeper correction," Erlam wrote. News that Twitter would not be investing in cryptocurrencies and the U.S. Securities and Exchange Commission's (SEC) rejection of what would have been the first U.S. spot bitcoin exchange-traded fund by VanEck were also dampeners. "This has the feel that we could see some messy two-way action, and it wouldnt surprise to see 68,000 capping the upside, 57,000 the downside." Chris Weston, head of research at brokerage Pepperstone in Melbourne, wrote in a client note. In another sign of the world's growing fascination with blockchain and cryptocurrencies, the Staples Center sports and entertainment arena in downtown Los Angeles said it will be renamed https://www.reuters.com/lifestyle/staples-center-los-angeles-be-renamed-cryptocom-arena-2021-11-17 the Crypto.com Arena under a naming rights agreement with Singapore-based Crypto.com platform. Story continues In the past week, traders have become less willing to pay to hold long positions in bitcoin futures. Average funding rates fell to 0.00354% on Tuesday, according to cryptocurrency analytics platform CryptoQuant, their lowest since late September and down from 0.04122% on Nov. 10. Funding rates represent sentiment in the perpetual swaps market, a major part of the bitcoin derivatives world. Positive funding rates imply that traders are bullish, as they must pay to hold a long position, while negative rates mean traders must pay to hold a short position, and hence are bearish. "With the funding rates now declining to neutral levels, it seems to be a healthy balance between long and short demand in the market," crypto analysts at Arcane research said in a research note. Money pouring into bitcoin products and funds has hit a record $9 billion this year, and totalled $151 million last week in the 13th consecutive week of inflows, data from digital asset manager CoinShares showed on Monday. Although flows have been positive recently, volumes have been subdued in the second half, averaging $750 million daily versus $960 million in the first, CoinShares said. Singapore-based digital economy trading firm QCP Capital pointed to the relatively heavier selloff in ether (ETH) and said that might continue, alongside a pick-up in options activity on that token. "Weve turned quite neutral after this awaited leverage wash-out. We expect BTC (bitcoin) to be stuck around 60,000 given the strike gravity. And perhaps more volatility in ETH and altcoins," they wrote in a post on social media platform Telegram. (Editing by Robert Birsel and Chizu Nomiyama)...
- 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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50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00
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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:**
['(Edited by James Rubin)\nGood morning. Here’s what’s happening:\nMarket moves:Bitcoin moved little, as the market activity was muted over the holiday weekend in the U.S.\nTechnician’s take (Editor’s note):Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing the fourth in a series of stories on the year in cryptocurrency markets by CoinDesk markets analyst Damanick Dantes.\nCatch the latest episodesofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis.\nBitcoin (BTC): $50,818 +0.4%\nEther (ETH): $4,077 -0.2%\nS&P 500: $4,725 +0.6%\nDJIA: $35,950 +0.5%\nNasdaq: $15,653 +0.8%\nGold: $1,807 +0.1%\nBitcoin, the No. 1 cryptocurrency by market capitalization, retreated to below $50,000, after a “Santa rally” sent it above $51,000 Friday. At the time of publication, bitcoin had regained ground and was hovering at around $50,800.\nCrypto trading activity was mostly muted on Christmas day and the day after, Boxing Day in the U.K. Bitcoin’s trading volume across major centralized exchanges was low.\nEther and other major alternative cryptocurrencies also moved little over the weekend: At the time of publication, ether was changing hands at about $4,070, slightly down from Friday’s rally to above $4,100.\nAlthough still down from its 30-day high, polkadot (DOT) was one of the top gainers over the weekend, up over 8% in the past 24 hours.\n(by CoinDesk Markets Analyst Damanick Dantes)\nMarket Wrap Year In Review: Remembering Bitcoin’s FUD-Fueled Crash:As crypto markets moved through April and May, many buyers began to cash out as fear, uncertainty and doubt (“FUD”) overwhelmed traders. Concerns included U.S. capital gains taxes on digital assets, bitcoin’s environmental footprint and an outright ban on crypto mining in China.\nHello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap the year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Over a series of eight posts starting on Dec. 20 and running through Dec. 30, we’ll recap what shook crypto markets this year. (For the latest digital-asset prices and news headlines, please scroll down.)\nOn Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital gains taxes, bitcoin’s environmental footprint and an outright crypto ban in China. It seemed like the fear, uncertainty and doubt – FUD, or crypto-speak for negative news – was coming all at once.\nTax selling\nAll it took was a New York Times headline in mid-April that U.S. President Joe Bidenwas planningto roughly double the tax on capital gains or proceeds earned from selling assets – with provisions deemed unfriendly toward cryptocurrencies – to end hopes of a rally back toward bitcoin’s all-time high of nearly $65,000. After a powerful bull run earlier in the year, bitcoin’s price decline suddenly accelerated.\n“The cryptocurrency was already on the defensive,” Pankaj Balani, co-founder and CEO of the Singapore-basedDelta Exchange, told CoinDesk in an email at the time. “The tax news invited more profit-taking.”\n“The U.S. actions were not bullish for bitcoin, as tax increases could be a thorn in the recovery and will drag down investments,” Edward Moya, an analyst at Oanda, a foreign exchange brokerage firm, wrote in an email.\nSome analysts pointed to a stronger U.S. dollar as a potential headwind for bitcoin (BTC). Warmer weather was coming in the Northern Hemisphere, and more coronavirus vaccines were getting distributed around the world, leading to a sunnier economic outlook. It appeared as though the U.S. was on its way to improving the budget deficit, which widened during the pandemic stimulus program.\nAll that meant there might be less need for extra economic support from governments and central banks, which had bolstered bitcoin’s attractiveness among investors as a possible hedge against fast inflation.\nEnvironmental concerns\nBut bitcoin had other problems. In the months ahead, many investors in traditional markets – perceived as a key target for mainstream cryptocurrency adoption – would start to question the cryptocurrency’s environmental footprint – due to the blockchain network’s heavy electricity usage.\nTesla’s billionaire CEO, Elon Musk, for example, made a U-turn from his earlier bullish stance on bitcoin and decided to no longer accept BTC as payment for his company’s electric cars, citing concerns about the use of fossil fuels in crypto mining.\nMusk’s tweet triggered an immediate 6% drop in the bitcoin price. Suddenly, the environment became front and center as an impediment in the 12-year-old cryptocurrency’s path to becoming a widely acceptable asset class. And with environmental, social and governance (ESG) becoming the new buzzwords on Wall Street, it became harderto convincebig money managers that energy-intensive bitcoin was a good addition to portfolios.\nFor example,a surveyof 600 people in the fund management industry found that 96% expected their firms to increase prioritization of ESG during 2021. John Reed Stark, former chief of the U.S. Securities and Exchange Commission’s Office of Internet Enforcement, told CoinDesk’s Lyllah Ledesma in May that the bitcoin ESG concerns would certainly damp institutional investment in crypto.\nChina’s crypto ban\nAnd just when bitcoin traders thought they had seen enough of the fear, uncertainty and doubt, China officially banned all financial institutions and payment companies from providing services related to cryptocurrency transactions.\nChina had been banning things related to crypto since2013, but the fresh crackdown made it clear that crypto trading activity involved “legal risks” and that “any legal person, unincorporated organization or natural person” investing in virtual currency and related derivatives was violating “public order and good customs,” CoinDesk’s Muyao Shenreported.\nNews of the China ban sent bitcoin sharply lower, which left the price down roughly 50% from the April record of almost $65,000. By almost any definition, the bitcoin market had entered a new, bearish phase.\nThe China-related sell-off wiped$400 billionoff the crypto market, which encouraged some “whales” – large BTC holders – to move their coins onto exchanges for sale. Crypto markets were inpanic mode.\nIt also dawned on investors just how vulnerable cryptocurrencies were to regulatory risk. Whether it was concerns about capital gains taxes or the outright crypto ban in China, bitcoin’s euphoric rise appeared stunted by the increased scrutiny from governments and supervisors of the traditional financial system.\nMore work would be needed before environmentally conscious investors would start piling into bitcoin.\nFrance individual investments (Q4)\nDallas Fed manufacturing business index (Dec.)\nCanada Boxing Day\nIn case you missed it, here is the most recent episodes of aCoinDesk TVprogram (Editor’s Note: Due to the holiday on Friday, First Mover Asia is including a CoinDesk TV program on NFTs in place of the usual previous episode of First Mover (TV).\nBT, Trance Trailblazer, Exclusively Debuts His 24-Hour Crypto Artwork to Animated Characters\nIn CoinDesk’s new animated series ‘NFT All Stars,’ a star-studded panel of investors, curators and innovators were joined by music-industry legend BT. In this episode, BT revealed his vision of what owning an NFT should mean and exclusively debuted his 10-months-in-the-making masterpiece, Genesis.json.\nWhy Portfolio Managers Will Need to Look at Altcoins in 2022:The more uncorrelated they become with bitcoin (itself uncorrelated to traditional assets), the stronger the diversification play.\nTurkey President Erdogan to Send Crypto Law to Parliament: Report:Recep Tayyip Erdoğan told reporters that the law would be sent to the national assembly “without delay.”\nDeFi Value on Terra Surges to Record $21B as LUNA Tops $100:Thursday’s dip to $85 for LUNA tokens was erased overnight.\nDfinity’s Internet Computer Opens Ethereum Bridge:Ethereum-based assets can now natively exist on Internet Computer via the new cross-chain bridge.\nWhat Jack Dorsey’s Beef With ‘Web 3′ Is Really About:The Bitcoin-loving CEO’s feud with VCs is just the latest round of a fight that has been raging for nearly a decade: Bitcoiners vs. “crypto.”\nToday’s crypto explainer:Which Crypto Projects Are Based on Ethereum?\nOther voices:Inside the Extremely Hot Business of Bitcoin Mining in Big Spring\n“This era of reimagined money is bound to see the deployment of art, iconography, stories and other cultural products to bolster the sense of belonging and belief among communities that form around these new systems.“ (CoinDesk Chief Content Officer Michael Casey)....”Perhaps the biggest theme of 2021 was simply how mainstream crypto had become in terms of public awareness. With the NFT zeitgeist, soaring token prices, the fact that Washington was more interested to learn about it and the ideas that swirled around bitcoin being a bet against a failing monetary system, crypto was suddenly everywhere. Everyone wanted to understand it.”(Michael Casey)...”Perhaps, then, 2022 will be the year altcoins become more uncorrelated with bitcoin which, in turn, is uncorrelated with macro assets. In that case, we could be seeing a world where traditional portfolio managers will have to give the alts a once-over at the bare minimum just to have a diversified portfolio.” (CoinDesk Managing Editor for Markets Lawrence Lewitinn)', '(Edited by James Rubin) Good morning. Here’s what’s happening: Market moves: Bitcoin moved little, as the market activity was muted over the holiday weekend in the U.S. Technician’s take (Editor
**Last 60 Days of Bitcoin's Closing Prices:**
[60622.14, 62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-27
**Financial & Commodity Data:**
- Gold Closing Price: $1808.10
- Crude Oil Closing Price: $75.57
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $960,784,248,055
- Hash Rate: 178574456.88024485
- Transaction Count: 249548.0
- Unique Addresses: 674082.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.40
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Coinbase Global Inc(NASDAQ:COIN) is trading higher Monday following news that competitor Binance has temporarily halted crypto withdrawals, which could possibly cause investors to transition to Coinbase.
Binance announced Monday morning that it temporarily disabled all crypto withdrawals, citing "a large backlog."
Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy.
See Also:You Ask, We Analyze: Why Coinbase Stock Looks Set For Continuation
COIN Price Action:Coinbase has traded as high as $429.54 and as low as $208 since its direct listing on April 14.
The stock was up 5.13% at $335.86 at time of publication.
Photo: courtesy of Coinbase.
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• Why Coinbase Shares Are Rising Today
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): []...
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.
|
47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93
|
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:**
['Web 3.0, also known as the decentralised web, is the latest generation of internet applications and services, powered by distributed ledger technology, the most common being blockchains.\nIt focuses on connecting data in a decentralised way, rather than having it stored centrally, with computers able to interpret information as intelligently as humans.\nThe term was coined by ethereum (ETH-USD) co-founder Gavin Wood in 2014. However, the idea started to gain more interest this year from cryptocurrency enthusiasts, as well as large tech companies, venture capital firms, and more recently Tesla (TSLA) and Twitter (TWTR) chief executives Elon Musk and Jack Dorsey.\nWeb3 is the “new internet” in comparison to the current Web 2.0.\nWeb 2.0 is where data and user-created content, such as social-networking services and blogs, are centralised in a small group of Big Tech firms, largely controlled by Google (GOOG), Apple (AAPL), Amazon (AMZN), Meta (FB), and Microsoft (MSFT).\n"There\'s a small group of companies that own all this stuff, and then there\'s us who use it, and despite the fact that we contribute to the success of these platforms, we don\'t have anything to show for it," said researcher Mat Dryhurst.\nRead more:London Stock Exchange: How 10 most popular companies fared in 2021\nMeanwhile, Web 1.0 refers to the period from the early 90s to around 2004, where most websites were simply static web pages, providing essentially a read-only service. The vast majority of users were consumers of content rather than producers like we see today.\nAs more people seek custom services, search engines in Web3 will provide personalised insights based on an individual’s browsing and search context, where people also control their own data.\nCentralised servers will be replaced with information present on multiple computing devices, acting more as a peer-to-peer internet with no single authority.\nAnother one of the benefits of Web3 is that it is believed to be able to avoid internet hacks and leaks as it acts as a system for specific users, thus being a great pioneer for data security and privacy.\nOnce it becomes a reality, the virtual world will see resources, applications, and content that is accessible to all.\nWatch: Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies\nDue to its role in assisting developers with decentralised apps, Ethereum is one of the more popular Web3 blockchains, meaning that some investors who are buying up the crypto are in it for its long-term benefits.\nThe blockchain building block behind Web3 is the technology behind many major cryptocurrencies and also non fungible tokens, or NFTs.\nNFTs are unique, one-of-a-kind crypto assets that enable collectors to authenticate, own and trade original authenticated versions of special digital goods using blockchain technology.\nThey can be anything digital from drawings and paintings to music, but they can also be applied to a physical item such as coins or a stamp.\nRead more:Non-fungible tokens: What are NFTs and why are they creating such a stir?\nWhen an NFT is bought, the person purchasing receives a certificate secured in blockchain technology, which makes them the owner of that specific digital asset. Specifically, NFTs are typically held on the Ethereum blockchain, but other blockchains support them too.\nThis cannot be replicated or substituted, and it can only have one official owner at any given time.\nWhile Web3 is a new space it is not without its critics. Elon Musk said the concept is more of a “marketing buzzword” than a reality, while Jack Dorsey this month argued that it will ultimately end up being owned by venture capitalists. They pair have often been seen tweeting about it.\n“You don’t own “web3,” Dorsey said this week. “The venture capitalists and their limited partnerships do. It will never escape their incentives. It’s ultimately a centralised entity with a different label.”\n“Know what you’re getting into…” he added.\nMeanwhile, Musk said: “I’m not suggesting web3 is real, seems more like a marketing buzzword than reality right now, just wondering what the future will be like in 10, 20 or 30 years. 2051 sounds crazy futuristic!”\nLater he tweeted: “Has anyone seen web3? I can’t find it.”\nBut En Canada, a community leader for Wonderverse said Web3 is particularly important for younger generations.\n“Millennials and Gen Z, who make up the majority of Web3, want to feel belonging at work and the respect and boundaries to work autonomously. Web3 companies are poised to capture much of the young talent since Web3 ethos is about collaboration, cooperation and reciprocity.”\nWeb3 has also often been tied to talks surrounding the metaverse. The metaverse is an extensive online world in which people are able to interact via digital avatars.\nIt is a hypothesised 3D environment, through personal computing, smartphones, and virtual augmented reality headsets, combining both virtual and physical spaces. It also implements social media elements such as avatar identity, and content creation.\nRead more:What is the metaverse and Web 3.0?\nSo far, a number of companies have announced plans to develop metaverse experiences, services and hardware, particularly social media firms and gaming companies.\nSimilar experiences already exist in the gaming world, such as Pokemon Go which is played on mobile phones. Epic Games’ Fortnite, and Roblox, have both similar technologies and have previously hosted virtual concerts with artists such as Ariana Grande, Travis Scott and Lil Nas.\nMetaverse companies are also looking at hosting sporting events for thousands of people simultaneously.\nHowever, many have criticised its tie into Web3, saying that the metaverse will be controlled by big tech firms such as Meta and Microsoft, which goes against what Web3 stands for.\nWatch: Is Jack Dorsey the Unbridled Bitcoin Maximalist? Investors and Advocates Defending Web3 Projects', 'Once it becomes a reality, the virtual world will see resources, applications, and content that is accessible to all. Photo: Pedro Nunes/Reuters (Pedro Nunes / reuters) Web 3.0, also known as the decentralised web, is the latest generation of internet applications and services, powered by distributed ledger technology, the most common being blockchains. It focuses on connecting data in a decentralised way, rather than having it stored centrally, with computers able to interpret information as intelligently as humans. The term was coined by ethereum ( ETH-USD ) co-founder Gavin Wood in 2014. However, the idea started to gain more interest this year from cryptocurrency enthusiasts, as well as large tech companies, venture capital firms, and more recently Tesla ( TSLA ) and Twitter ( TWTR ) chief executives Elon Musk and Jack Dorsey. Web3 is the “new internet” in comparison to the current Web 2.0. Web 2.0 is where data and user-created content, such as social-networking services and blogs, are centralised in a small group of Big Tech firms, largely controlled by Google ( GOOG ), Apple ( AAPL ), Amazon ( AMZN ), Meta ( FB ), and Microsoft ( MSFT ). "There\'s a small group of companies that own all this stuff, and then there\'s us who use it, and despite the fact that we contribute to the success of these platforms, we don\'t have anything to show for it," said researcher Mat Dryhurst. Read more: London Stock Exchange: How 10 most popular companies fared in 2021 Meanwhile, Web 1.0 refers to the period from the early 90s to around 2004, where most websites were simply static web pages, providing essentially a read-only service. The vast majority of users were consumers of content rather than producers like we see today. As more people seek custom services, search engines in Web3 will provide personalised insights based on an individual’s browsing and search context, where people also control their own data. Centralised servers will be replaced with information present on multiple computing devices, acting more as a peer-to-peer internet with no single authority. Another one of the benefits of Web3 is that it is believed to be able to avoid internet hacks and leaks as it acts as a system for specific users, thus being a great pioneer for data security and privacy. Story continues Once it becomes a reality, the virtual world will see resources, applications, and content that is accessible to all. Watch: Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies Due to its role in assisting developers with decentralised apps, Ethereum is one of the more popular Web3 blockchains, meaning that some investors who are buying up the crypto are in it for its long-term benefits. The blockchain building block behind Web3 is the technology behind many major cryptocurrencies and also non fungible tokens, or NFTs. NFTs are unique, one-of-a-kind crypto assets that enable collectors to authenticate, own and trade original authenticated versions of special digital goods using blockchain technology. They can be anything digital from drawings and paintings to music, but they can also be applied to a physical item such as coins or a stamp. Read more: Non-fungible tokens: What are NFTs and why are they creating such a stir? When an NFT is bought, the person purchasing receives a certificate secured in blockchain technology, which makes them the owner of that specific digital asset. Specifically, NFTs are typically held on the Ethereum blockchain, but other blockchains support them too. This cannot be replicated or substituted, and it can only have one official owner at any given time. While Web3 is a new space it is not without its critics. Elon Musk said the concept is more of a “marketing buzzword” than a reality, while Jack Dorsey this month argued that it will ultimately end up being owned by venture capitalists. They pair have often been seen tweeting about it. “You don’t own “web3,” Dorsey said this week. “The venture capitalists and their limited partnerships do. It will never es
**Last 60 Days of Bitcoin's Closing Prices:**
[62227.96, 61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-28
**Financial & Commodity Data:**
- Gold Closing Price: $1810.20
- Crude Oil Closing Price: $75.98
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $958,765,014,128
- Hash Rate: 161682278.52670813
- Transaction Count: 265422.0
- Unique Addresses: 729388.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.41
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin cash (BCH) saw a sharp but short-lived uptick in its value on Friday after the publication of a fraudulent press release claiming that U.S. supermarket giant Kroger would be accepting the cryptocurrency as payment this holiday season.
• The cryptoroseover 4.6% from $602.63 at around 11:30 UTC to $630.70 less than 15 minutes later following the fraudulentannouncement’s publication. BCH subsequently gave back all its gains to fall below the price it had been prior to the announcement. At the time of writing, it was priced at $601.74.
• The fraudulent announcement, which was issued on PR Newswire and appeared on the Kroger website, claimed the grocery retailer would be accepting BCH for all in-store and online purchases from Dec. 1.
• A company spokesperson confirmed to CoinDesk at 11:49 UTC that the release was fraudulent. At press time, the release had been removed from the company site.
• “This morning a press release was fraudulently issued claiming to be The Kroger Co. that falsely stated the organization will begin to accept bitcoin cash. This communication was fraudulent and is unfounded and should be disregarded,” a spokesperson said.
• This fraud is similar to the one in September whichfraudulently claimedthat Walmart would start to accept litecoin.
• Bitcoin cash, the world’s 21st largest cryptocurrency by market capitalization at the time of writing, according to CoinMarketCapdata, was formed out of ahard forkon the Bitcoin network in 2017.
UPDATE (NOV. 5 13:20 UTC):Adds Kroger’s statement in fourth bullet.
Read more:Bitcoin Cash Has Split Into Two New Blockchains, 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.
|
46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90
|
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:**
['Major cryptocurrency exchanges, such as Binance and Coinbase (COIN), are spreading crypto-gospel to entice users to stay within their trading ecosystems. The promotional initiatives of Binance and advertising language used by Coinbase are becoming increasingly fused with religious overtones.\nBinance is the largest cryptocurrency exchange in the world. It is a relative newcomer to the cryptocurrency space as it was founded in 2017. The centralised exchange (CEX) was founded by Changpeng Zhao, known as CZ, and is registered in the Cayman Islands. Binance was first set up in China but had to depart after the nation\'s increasingly hostile attitude towards cryptocurrencies.\nThe company does not like criticism of its operations, and its CEO gave a warning against reading criticism of the crypto-space in mass media outlets. Concerned about the increasing amount of fear, uncertainty and doubt (FUD) in media articles about crypto, CZ tweeted: "If you associate yourself with FUD even just reading them, you are likely to become poorer."\nRead more:UK’s finance watchdog declares Binance is \'not capable’ of being supervised\nIn response to difficulties in positively promoting itself in the mass media, Binance is attempting to build a community of enthusiastic supporters. They have been given a mission to grow the adoption rate of the exchange in the face of competition from rivals such as Coinbase, Kucoin and FTX.\nOne scheme developed by the world’s largest cryptocurrency exchange is the Binance Academy, which is described on the exchange’s website as “a one-stop guide to all things crypto”. It has been developed as a learning resource for both rookies and veterans who are trying to develop their crypto trading strategy.\nRead more:Live crypto prices\nAnother scheme is the proliferation of the so-called ‘Binance Angels’ movement. This is the exchange’s initiative to build a core of experts across the world who can enthuse cryptocurrency advocates to adopt Binance as their key entry and exit point within the sector.\nThe Binance Twitter account has advertised the initiative by tweeting, “help us with advancing crypto adoption by becoming a Binance Angel today”. One Angel, known as Jager, described the initiative in a testimony on the company’s webpage that was littered with religious overtones.\nWatch: How crypto-lobbyists are \'dictating terms in Washington\'\nThe testimony read: “Binance Angels are more than volunteers, they’re representatives of Binance’s vision. Angels are people who want to contribute towards Adoption and Freedom of Money. They’re the ones that truly believe in cryptocurrency, blockchain and Binance and want to help others join the movement. Our Angels are the closest to the users and are thus the ones that are best suited to discuss and assist them.”\nRead more:Steve Hanke: \'We know the price of bitcoin, but not its value ... it\'s probably zero\'\nBinance has come under investigation by the US Internal Revenue Service on allegations of tax offences and money laundering. It has also come under the scrutiny of the UK Financial Conduct Authority and in June 2021 the centralised exchange was ordered to stop all regulated activity in Britain. Binance needs all the make-over it can get as it has had its reputation damaged after numerous exchange-wide hacks. The last major attack was in May 2019 when cyber thieves stole $40m (£30m) worth of bitcoin from the exchange.\nUnlike Binance, Coinbase has never had a major exchange-wide hack. Coinbase\'s centralised cryptocurrency exchange is the major US-based on-ramp for retail crypto investors because of its user-friendly interface and trusted reputation. Its popularity has increased since it became a publicly listed company and it is now the de-facto US cryptocurrency brokerage. Coinbase was listed on Nasdaq on 14 April after getting official approval from the Securities Exchange Commission (SEC). The company listed its shares at a valuation of $76bn.\nThe exchange is a US centralised cryptocurrency exchange, founded in 2012 by Brian Armstrong and Fred Ehrsam. Armstrong has spread the gospel of cryptocurrencies by stating that the company’s core mission is “to increase economic freedom in the world.”\nRead more:Crypto scammers steal almost $8bn from investors in 2021\nAt the beginning of its development, Coinbase advertised itself as the gateway to trading crypto assets, referred to as “the future of money”. However, Coinbase has diluted this and now advertises itself as the online marketplace to “buy and sell digital currency”.\nThroughout 2021 Armstrong has been advertising the Coinbase weekly podcast, tweeting this month that the weekly offering “is really hitting its stride”. This popular podcast informs viewers about the latest news in crypto but also acts as a gateway into the exchange\'s products, such as Coinbase Pro, which covers many derivative trading options. The podcast has been dubbed “the easiest way to stay in the know on all things crypto”.\nOutspoken issuances of crypto-gospel are also coming from leading sources in fintech and blockchain technology, most notably Twitter\'s (TWTR) Jack Dorsey. The former CEO of the premier micro-blogging platform has increased his pontification of bitcoin and the promises of Web 3.0 throughout the year.\nIn August he tweeted: “bitcoin will unite a deeply divided country and eventually the world.” At this year\'s Bitcoin Conference in Miami he lavished praise on the world’s premier crypto-offering: “For me, bitcoin changes absolutely everything. What I’m drawn to the most about it is the ethos, what it represents, are the conditions that created it, which are so rare and so special and so precious."\n"I don’t think there’s anything more important in my lifetime to work on and I don’t think there’s anything more enabling for people around the world.”\nTesla (TSLA) boss Elon Musk has taken an opposing stance towards centralised cryptocurrency exchanges and the rhetoric they transmit. In November, he agreed with those who had concerns about the dominance of the major cryptocurrency exchanges in the sector.\nThe head of SpaceX replied to a Twitter user who warned against the “dependence on CEXs like Binance and Robinhood". Another user added to the thread of complaints against these major exchanges, with one Twitter follower reminding readers of the original tenants of “not your keys, not your crypto”, which is a principle of the space advising users to keep their cryptocurrency in cold storage, off-chain, and out of the hands of centralised actors. Musk was following the thread and replied "exactly" to the above comment.\nThe attraction of cryptocurrency exchanges as a get-rich-quick scheme that runs 24 hours per day and seven days per week is incredibly enticing. One crypto-enthusiast spoke to Yahoo Finance about the attraction of using centralised cryptocurrency exchanges such as Binance, FTX and Coinbase, saying, "it\'s like being in a live casino all day every day, 24 hours and seven days per week".\nWatch: Why bitcoin\'s value is probably zero', 'Major cryptocurrency exchanges, such as Binance and Coinbase ( COIN ), are spreading crypto-gospel to entice users to stay within their trading ecosystems. The promotional initiatives of Binance and advertising language used by Coinbase are becoming increasingly fused with religious overtones. Binance is the largest cryptocurrency exchange in the world. It is a relative newcomer to the cryptocurrency space as it was founded in 2017. The centralised exchange (CEX) was founded by Changpeng Zhao, known as CZ, and is registered in the Cayman Islands. Binance was first set up in China but had to depart after the nation\'s increasingly hostile attitude towards cryptocurrencies. The company does not like criticism of its operations, and its CEO gave a warning against reading criticism of the crypto-space in mass media outlets. Concerned about the increasing amount of fear, uncertainty and doubt (FUD) in media articles about crypto, CZ tweeted: "If you associate yourself with FUD even just reading them, you are likely to become poorer." Read more: UK\x92s finance watchdog declares Binance is \'not capable\x92 of being supervised In response to difficulties in positively promoting itself in the mass media, Binance is attempting to build a community of enthusiastic supporters. They have been given a mission to grow the adoption rate of the exchange in the face of competition from rivals such as Coinbase, Kucoin and FTX. One scheme developed by the world\x92s largest cryptocurrency exchange is the Binance Academy, which is described on the exchange\x92s website as \x93a one-stop guide to all things crypto\x94. It has been developed as a learning resource for both rookies and veterans who are trying to develop their crypto trading strategy. Read more: Live crypto prices Another scheme is the proliferation of the so-called \x91Binance Angels\x92 movement. This is the exchange\x92s initiative to build a core of experts across the world who can enthuse cryptocurrency advocates to adopt Binance as their key entry and exit point within the sector. The Binance Twitter account has advertised the initiative by tweeting, \x93help us with advancing crypto adoption by becoming a Binance Angel today\x94. One Angel, known as Jager, described the initiative in a testimony on the company\x92s webpage that was littered with religious overtones. Watch: How crypto-lobbyists are \'dictating terms in Washington\' The testimony read: \x93Binance Angels are more than volunteers, they\x92re representatives of Binance\x92s vision. Angels are people who want to contribute towards Adoption and Freedom of Money. They\x92re the ones that truly believe in cryptocurrency, blockchain and Binance and want to help others join the movement. Our Angels are the closest to the users and are thus the ones that are best suited to discuss and assist them.\x94 Story continues Read more: Steve Hanke: \'We know t
**Last 60 Days of Bitcoin's Closing Prices:**
[61888.83, 61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-29
**Financial & Commodity Data:**
- Gold Closing Price: $1805.10
- Crude Oil Closing Price: $76.56
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $900,339,156,876
- Hash Rate: 174954704.37591556
- Transaction Count: 276083.0
- Unique Addresses: 741024.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.27
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Total Liquidity Increases to $1.1 Billion as Marathon Completes Deployments in Hardin, MT and Begins Deploying Bitcoin Miners with Compute North
LAS VEGAS, Dec. 03, 2021 (GLOBE NEWSWIRE) --Marathon Digital Holdings, Inc.(NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for November 2021.
Historical and Potential Hash Rate Growth Based on Current Shipment Schedules of Previously Purchased Miners (Subject to Change)
Corporate Highlights as of December 1, 2021
• Cash on hand was approximately $623.7 million and total liquidity, defined as cash and bitcoin holdings, was approximately $1.1 billion
• Received approximately 15,520 top-tier ASIC miners from Bitmain during the month of November and 56,826 miners year to date with an additional 8,477 miners currently in transit
• Fully completed miner installations at the Company’s facility in Hardin, MT, as well as scheduled upgrades and maintenance to the power generating facility in Hardin, MT
• Secured hosting for all previous purchased bitcoin miners, predominantly at wind and solar farms operated by one of the largest renewable energy power providers in North America
• Began installing miners at various facilities operated by Compute North
• Following successful system upgrades to the power plant in Hardin, MT, produced approximately 34 bitcoin on December 1, 2021, as the power plant and Marathon’s miners in Hardin began operating near full capacity
• Maintenance and upgrades to the power generating facility in Hardin, MT negatively impacted bitcoin production for a portion of November, resulting in 196 self-mined bitcoin during November 2021
• Increased total bitcoin holdings to approximately 7,649.1 with a fair market value of approximately $437.4 million
• Existing mining fleet consists of 31,000 active miners producing approximately 3.2 EH/s
Power Generating Station Upgrades in Hardin, MTAs previously disclosed in the Company’s third quarter 2021 10-Q, system upgrades were performed as scheduled on the power generating station in Hardin, MT during November. These upgrades, combined with additional maintenance to improve the cleanliness and efficacy of the power generating station and the ongoing challenges reported in prior months, caused Marathon’s bitcoin mining operations to operate at substantially reduced capacity in November, negatively impacting the Company’s bitcoin production. The upgrades performed are expected to improve the power generating station’s efficiency, increase safety, mitigate the potential for unexpected downtime in the future, and ultimately improve the Company’s ability to effectively mine bitcoin. With many of these issues remediated, the Hardin power generating station, and therefore Marathon’s mining fleet in Hardin, were operating near full capacity as of December 1, 2021, which enabled the company to produce 34 bitcoin on the first day of December.
Bitcoin Production UpdateAs of December 1, 2021, Marathon’s mining fleet has produced approximately 2,712.3 self-mined bitcoin during 2021. By month, the Company’s bitcoin production was as follows:
*Note: Upgrades and maintenance to the power generating station in Hardin, MT caused Marathon’s bitcoin mining operations in Hardin, MT to operate at substantially reduced capacity in November 2021, negatively impacting the Company’s bitcoin production for the month.
Total Network Hash Rate Source:https://www.blockchain.com/charts/hash-rate
The Company last sold bitcoin on October 21, 2020, and since then, has been accumulating or “hodling” all bitcoin generated. As a result, Marathon currently holds approximately 7,649.1 BTC, including the 4,812.66 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC. On December 1, 2021, the fair market value of one bitcoin was approximately $57,180, implying that the approximate fair market value of Marathon’s current bitcoin holdings is approximately $437.4 million.
Miner Installations and Hash Rate GrowthAs of December 1, 2021, Marathon has fully completed deploying miners at its facility in Hardin, MT and is now deploying miners at existing facilities operated by Compute North. Afterexpanding its agreement with Compute North, Marathon has now secured hosting for all of its previously purchased bitcoin miners. Marathon’s remaining miners will predominantly be deployed “behind the meter” with Compute North at wind and solar farms operated by one of the largest renewable energy power providers in North America. Compute North’s new facilities, including a 280-megawatt (MW) site in west Texas, are currently under construction. Based on current construction schedules, Marathon expects to begin deploying miners at Compute North’s new facilities beginning in the first quarter of 2022.
In October, the Company began chartering planes to expedite shipments of miners and to mitigate the impact of global logistics issues on its growth trajectory. In November, the Company continued to charter planes, reducing the average time it takes to ship miners from approximately 21 days with commercial cargo to five days with chartered flights. As a result, Marathon received 15,520 miners in the month of November, and the Company has received approximately 56,826 miners year to date. While deliveries of miners may continue to fluctuate in the near-term, based on current estimates, the Company still anticipates all previously purchased miners to be delivered by mid-2022. Once all miners are fully installed, the Company’s mining fleet is expected to consist of approximately 133,000 miners, generating approximately 13.3 EH/s.
Management Commentary“In November, we completed the buildout of our mining facility in Hardin, MT, we began deploying miners with Compute North, and we made substantial progress improving our ability to effectively scale our operations in the coming months,” said Fred Thiel, Marathon’s CEO. “After expanding our agreement with Compute North, we have secured reliable hosting with renewable power, at industry low rates for the remainder of our previously purchased miners. By continuing to charter planes, we have reduced the average time to ship miners from 21 days with commercial cargo to only five. We now have enough miners on the ground in the United States to utilize Compute North’s new capacity as it becomes available in the coming months. And after closing an oversubscribed convertible note offering, we increased our total liquidity to $1.1 billion, which provides us with optionality to improve our efficiency and further scale our operations.
“During the month, we performed several important upgrades to the power plant in Hardin, MT, including cleaning out nearly 400 tons of particulate matter that had been negatively impacting the plant’s ability to consistently generate power. While these upgrades caused our miners in Hardin to operate below capacity in November, which negatively impacted our bitcoin production for the month, we believe they were necessary in the near-term and will be beneficial in the long-run. With the plant and approximately 29,000 miners at Hardin back online, we produced approximately 34 bitcoin on December 1stalone.
“Today, Marathon is well-capitalized, our deployments are commencing with Compute North, and we have ample opportunities to continue expanding our mining operations with renewable power in the United States. As a result, we believe we are well positioned to reach 13.3 EH/s by mid 2022 and to remain agile and opportunistic as our industry evolves in the coming quarters.”
Investor NoticeInvesting in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2020. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of Bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of December 2021. The total network’s hash rate data is calculated from a third-party source, which is available here:https://www.blockchain.com/charts/hash-rate. Data from third-party sources has not been independently verified. See "Safe Harbor" below.
Forward-Looking StatementsStatements made in this press release include 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. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together wi...
- 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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47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94
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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:**
['Cryptocurrencies have had an outstanding year with two peaks, one in April and a subsequent all-time high in late November that saw bitcoin touch $67,549 (£50,294). Throughout the year the crypto-space has made steady progress with Coinbase ( COIN ) becoming the first major crypto company to go public with its debut in April, and increased participation from institutional finance. The first US exchange-traded fund (ETF) linked to bitcoin was also announced in 2021. However, uncertainty surrounds how regulators are going to act towards the sector in 2022. Below are 12 charts that mark the significant points in the trajectory of the cryptocurrency market throughout the year. After an early December flash crash, some experts warn the market could be heading towards a downturn similar to that experienced in early 2018. Although other experts are more bullish and describe the overall crypto landscape as being markedly different to that in late 2017 and early 2018. Currently, the prices of cryptocurrencies are buoyed by institutional investment and the potential of Web 3.0 is being seriously considered by venture capitalists, global fintech operations and even governments. Read more: Blockchain: Exploring the building blocks of Web 3.0 The amount of capital pouring into the cryptocurrency market soared throughout 2021. The total market capitalisation of the cryptocurrency sector has now surged to $2.4tn. The cryptocurrency total market capitalisation has escalated since January 2021 (Coin Desk) Bitcoin ( BTC-USD ) began the year in a sluggish momentum but reached an early year all-time-high of approximately $64,800 on 14 April. The all-time high was due to events involving Tesla ( TSLA ) stating it would accept bitcoin as payment and Coinbase listing as a publically traded company on NASDAQ ( ^IXIC ). Bitcoin reached an all-time high on 14 April 2021 (Yahoo Finance) The price of bitcoin began to escalate in the lead up to El Salvador\'s Bitcoin Law going into effect on 7 September. Read more: Bitcoin: 2021 in 12 charts The bitcoin price started to soar on the lead up to El Salvador\'s law coming into effect (Yahoo Finance) Bitcoin rose throughout October and early November, taking other cryptocurrencies along with it on the bull-run. Story continues The price of bitcoin increased steadily throughout October (Yahoo Finance) Throughout October most cryptocurrencies increased in value, including bitcoin, ethereum ( ETH-USD ) and dogecoin ( DOGE-USD ). Dogs day out: How shiba inu and dogecoin stole the crypto token limelight The ethereum price followed that of bitcoin by gaining throughout October (Yahoo Finacne) Cryptocurrency investors poured money into the market to boost the price of offerings past their former all-time highs in May. Bitcoin reached a new peak of nearly $70,000 in October. The cryptocurrency market correlated with the S&P 500 ( ^GSPC ), Dow ( ^DJI ), Nasdaq, and Stoxx Europe 600 ( ^STOXX ). These markets had impressive runs throughout, with most of these charts hitting all-time highs on 1 November. The below chart is of the S&P 500, which tracks the performance of 500 large companies listed on stock exchanges in the US. Read more: London Stock Exchange: How 10 most popular companies fared in 2021 The S&P 500 stock market chart for October 2021 (Yahoo Finance) 2021 was the year for memecoins With heavy-weights dogecoin and shiba inu making serious gains throughout the year. Shiba inu ( SHIB-USD ) gained 47,500,000% this year, despite losing more than half its value in December. Read more: 2021: The year when memes humbled hedge funds Shiba inu\'s dramatic rise throughout October and November (Yahoo Finance) Shiba inu gained 777% throughout October. Shiba Inu’s market cap is now over $20bn. The shiba inu chart for 2021. The price of the memecoin has risen by 2.4 million percent since September 2020 (Yahoo Finance) The shiba inu chart for 2021. The price of the memecoin has risen by 2.4 million percent since September 2020 (Yahoo Finance) Another big gainer this year was polygon. This ethereum-based token improves the speed and cost of transactions on the ethereum blockchain. The cryptocurrency is a layer-2 network, meaning it acts as an add-on layer to the ethereum blockchain. Polygon has risen by 9,372% since January 2021. The price of polygon (MATIC) has soared throughout 2021 (Yahoo Finance) Some market analysts see similarities between current cryptocurrency charts and those from early 2018. From early January 2018 to September 2018 cryptocurrencies plummeted 85%. The crash has been dubbed the "Great Crypto-Crash" and is cited as being worse than the dot-com bubble\'s 78% collapse in 2000. From early January 2018 to September 2018 cryptocurrencies plummeted 85%, making what has been dubbed the \'Great Crypto-Crash\' worse than the Dot-com bubble\'s 78% collapse in 2000 (Yahoo Finance) Some analysts have said the current December downturn shows similarities with the crypto-market crash of January 2018 (Yahoo Finance) However, according to Gunnar Jaerv, COO of First Digital Trust, the 2017 bubble was created by retail investors who eventually lost their exuberance after “wide investment in unsustainable projects lacking real technological infrastructure”. Now the cryptocurrency market is more mature and less volatile, Jaery said. The increased demand and adoption by retail investors is backed by “millions of dollars of investment from major players and institutions who recognise blockchain technology and crypto is here to stay”.', 'Cryptocurrencies have had an outstanding year with two peaks, one in April and a subsequent all-time high in late November that saw bitcoin touch $67,549 (£50,294). Throughout the year the crypto-space has made steady progress with Coinbase (COIN) becoming the first major crypto company to go public with its debut in April, and increased participation from institutional finance.\nThe first US exchange-traded fund (ETF) linked to bitcoin was also announced in 2021. However, uncertainty surrounds how regulators are going to act towards the sector in 2022. Below are 12 charts that mark the significant points in the trajectory of the cryptocurrency market throughout the year.\nAfter an early December flash crash, some experts warn the market could be heading towards a downturn similar to that experienced in early 2018. Although other experts are more bullish and describe the overall crypto landscape as being markedly different to that in late 2017 and early 2018. Currently, the prices of cryptocurrencies are buoyed by institutional investment and the potential of Web 3.0 is being seriously considered by venture capitalists, global fintech operations and even governments.\nRead more:Blockchain: Exploring the building blocks of Web 3.0\nThe amount of capital pouring into the cryptocurrency market soared throughout 2021. The total market capitalisation of the cryptocurrency sector has now surged to $2.4tn.\nBitcoin (BTC-USD) began the year in a sluggish momentum but reached an early year all-time-high of approximately $64,800 on 14 April. The all-time high was due to events involving Tesla (TSLA) stating it would accept bitcoin as payment and Coinbase listing as a publically traded company on NASDAQ (^IXIC).\nThe price of bitcoin began to escalate in the lead up to El Salvador\'s Bitcoin Law going into effect on 7 September.\nRead more:Bitcoin: 2021 in 12 charts\nBitcoin rose throughout October and early November, taking other cryptocurrencies along with it on the bull-run.\nThroughout October most cryptocurrencies increased in value, including bitcoin, ethereum (ETH-USD) and dogecoin (DOGE-USD).\nDogs day out:How shiba inu and dogecoin stole the crypto token limelight\nCryptocurrency investors poured money into the market to boost the price of offerings past their former all-time highs in May. Bitcoin reached a new peak of nearly $70,000 in October. The cryptocurrency market correlated with the S&P 500 (^GSPC), Dow (^DJI), Nasdaq, and Stoxx Europe 600 (^STOXX). These markets had impressive runs throughout, with most of these charts hitting all-time highs on 1 November. The below chart is of the S&P 500, which tracks the performance of 500 large companies listed on stock exchanges in the US.\nRead more:London Stock Exchange: How 10 most popular companies fared in 2021\n2021 was the year for memecoins With heavy-weights dogecoin and shiba inu making serious gains throughout the year. Shiba inu (SHIB-USD) gained 47,500,000% this year, despite losing more than half its value in December.\nRead more: 2021:The year when memes humbled hedge funds\nShiba inu gained 777% throughout October. Shiba Inu’s market cap is now over $20bn.\nAnother big gainer this year was polygon. This ethereum-based token improves the speed and cost of transactions on the ethereum blockchain. The cryptocurrency is a layer-2 network, meaning it acts as an add-on layer to the ethereum blockchain. Polygon has risen by 9,372% since January 2021.\nSome market analysts see similarities between current cryptocurrency charts and those from early 2018. From early January 2018 to September 2018 cryptocurrencies plummeted 85%. The crash has been dubbed the "Great Crypto-Crash" and is cited as being worse than the dot-com bubble\'s 78% collapse in 2000.\nHowever, according to Gunnar Jaerv, COO of First Digital Trust, the 2017 bubble was created by retail investors who eventually lost their exuberance after “wide investment in unsustainable projects lacking real technological infrastructure”. Now the cryptocurrency market is more mature and less volatile, Jaery said. The increased demand and adoption by retail investors is backed by “millions of dollars of investment from major players and institutions who recognise blockchain technology and crypto is here to stay”.', 'By Alun John HONG KONG, Dec 30 (Reuters) - The dollar and yen were at the low end of their recent ranges in thin holiday trading on Thursday, having fal
**Last 60 Days of Bitcoin's Closing Prices:**
[61318.96, 61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-12-30
**Financial & Commodity Data:**
- Gold Closing Price: $1812.70
- Crude Oil Closing Price: $76.99
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $877,821,455,606
- Hash Rate: 143583516.00506175
- Transaction Count: 245021.0
- Unique Addresses: 679386.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.22
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: eBay, Korea Thrunet, and Boston Consulting Group innovator brings extensive international online, business-to-consumer (BTC), and cross-border trade experience and expertise ROSH HA'AYN, Israel, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in digital textile production technologies, announced today it has appointed Jae Hyun (Jay) Lee as a strategic advisor to the Company and Board of Directors. The Company plans to subsequently nominate Mr. Lee for election to the Board at Kornit’s 2022 Annual Shareholder Meeting. Mr. Lee brings nearly three decades of international executive leadership and a comprehensive background in e-commerce and digital marketplaces, including nearly two decades at global commerce and third-party marketplace leader eBay, where he established the brand’s reputation and presence across the Asia-Pacific region. Throughout his extensive career at eBay, Mr. Lee pioneered multiple business strategies and models to establish a market-leading position in Asia-Pacific. Responsible for the management and oversight of eBay’s international markets, Mr. Lee built a diverse portfolio of businesses and developed partnerships that rapidly expanded and solidified eBay’s presence throughout the region. He built market-leading positions in Korea via its Gmarket and Auction marketplaces, and Australia via EBay.com.au, while continually staying ahead of competitors with innovative approaches that accelerated customer growth - like online cross-border exports from China-based sellers to eBay’s global consumer base. Mr. Lee also created a new asset light business model and developed partnerships to further expand eBay’s presence in Asia-Pacific markets. In 2017, Mr. Lee took on the leadership role to run eBay’s European business, and in 2019, he assumed responsibility to lead all regions including North American business. Since last year, Mr. Lee returned home to Asia to run eBay’s International business. Story continues Mr. Lee began his career at Boston Consulting Group, where he held various positions in Boston and Seoul, South Korea, before being promoted to Vice President. Prior to joining eBay, Mr. Lee was Chief Operating Officer and then Chief Executive Officer of Korea Thrunet, the first Korean company to list on the NASDAQ exchange, where he led the Company to become the leading cable-based broadband access provider in Korea. Kornit Digital’s Chief Executive Officer, Ronen Samuel, commented, “I am excited to welcome Jay as an advisor to the Company and future member of our Board of Directors. His extensive experience in creating global e-commerce and digital marketplace business models—especially with eBay in the Asia Pacific region where we are looking forward to significant long-term growth—his familiarity with innovative technologies and his background in developing international partnerships will no doubt be a tremendous asset to the Company. As Kornit continues to transform and extend our reach in the global fashion industry and become the operating system for on-demand sustainable fashion, we will look forward to his expertise to help bring necessary change to the status quo.” Mr. Lee commented, “The fashion industry is about to experience a seismic shift, and I am honored to join and provide global insights to the Kornit team as the Company creates an alternative business model with sustainable, on-demand fashion. I admire Kornit’s stated mission to blaze the path in transforming the second most pollutive industry in the world and look forward to working with members of the Board and the Company to help shape the Company’s growth in the years to come.” Mr. Lee’s engagement commenced on October 28, 2021. About Kornit Digital Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The company is writing the operating system for fashion with end-to-end solutions including digital printing systems, inks, consumables, and an entire global ecosystem that manages workflows and fulfillment. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit www.kornit.com . Investor Contact Andrew G. Backman Global Head of Investor Relations [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.
|
46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60
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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:**
["Beverly Hills, California, Dec. 30, 2021 (GLOBE NEWSWIRE) --\nGreenCoin.AI (GRC Coin) is excited to announce the listing of its GRC coin on the global crypto trading platform P2PB2B beginning Dec. 30, 2021. Founded in 2018, the P2PB2B cryptocurrency trading platform supports over 200 crypto assets including BTC, ETH, USD, and others.\nGreenCoin.AI’s (GRC) revolutionary blockchain-powered, “burn-to-earn” fitness-plus-finance ecosystem promises physical, mental, and financial fitness while helping to heal the environment. GreenCoin.AI (GRC) mining will not only be powered by green renewable energy, but the network will also make use of a largely untapped source of energy — human energy.\nGreenCoin.AI (GRC)’s lineup of “smart” fitness equipment, being released over the course of 2022-2023, will convert energy from physical exercise into cryptocurrency gains. The lineup is expected to include a stationary bike and treadmill, a full-length mirror/display, a fitness watch, and a mobile app all tied into a green blockchain that not only tracks physical activity but also rewards workouts with GRC coin.\nThe AI-powered mirror’s augmented reality (AR) technology will bring a remote personal trainer inside the home and let members virtually try out new clothing and accessories. The fitness watch will act as a pulse meter, movement monitor, and communication device that ties into the mobile app. And the GWallet app lets users track and manage both their physical and financial fitness.\nGreenCoin.AI (GRC) will connect a network of fitness-focused members, merchants, personal trainers, and content providers. Participants will be empowered to greatly improve both their physical and financial fitness by collecting GRC coins during every workout. Members can even collect GRC coins in their sleep, so to speak, by anonymously sharing their personal data with merchants.\nGRC can be used to purchase fitness gear, personal training services, and motivational content. GreenCoin.AI (GRC) also offers DeFi features such as staking, minting, and bonding rewards. As the GreenCoin.AI (GRC) network grows, so too will the value of GRC coin.\nGreenCoin.AI taps into the $4.5trillionwellness/fitness market. The average participant in fitness activities spends over $300 a year on gym memberships, classes, and fitness gear. The burn-to-earn is a powerful value proposition gives GreenCoin.AI (GRC) an advantage over the competition.\nAs a technology company, GreenCoin.AI (GRC) offers the first-to-market ecosystem to combine smart fitness equipment, AI and AR technology, and defi capabilities. Moreover, the company founders aim to utilize the highest percentage of renewable energy of any blockchain/Web3 application.\nDr. Newton Howard, Co-Founder of GreenCoin.AI (GRC), is on a mission to help individuals save money and achieve physical and mental fitness while creating a better world. “Using the commodity of human-generated energy,” said Dr. Howard, “we’re able to improve the fitness of our community while at the same time rewarding them with GRC coins that will grow in value as the community grows.”\nBeginning Dec. 30, 2021, crypto investors can start collecting GRC coin by opening an account atP2PB2B.io. Learn more about GreenCoin.AI (GRC) atGreenCoin.AI.\nAbout P2PB2B\nFounded in 2018, the P2PB2B crypto trading platform is compliant with OWASP TOP 10 security requirements and is recognized as the world's 12th most Trust Core secure crypto exchanges according to CER rating. P2PB2B offers a high processing speed with the ability to handle up to 10,000 trades per second, scaling to 1,000,000 TCP connections.\n\u200b\u200bThis article is provided for informational purposes only and should not be interpreted as investment advice. All investments involve risk of loss. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.\nAny predictions expressed in this article are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.\nCONTACT: [email protected] Ophelia Soumekh Beverly Hills, California USA www.greencoina.AI", 'El Salvador will build a new national stadium in a collaboration with China, President Nayib Bukele said in a Spanish-languageTwitterpost on Friday.\n• “This is a collaboration granted directly by President Xi and a sample of the friendship between the peoples of China and El Salvador,” Bukeletweetedin Spanish, referring to Chinese President Xi Jinping.\n• The new stadium will have a seating capacity of 50,000, Bukele said in the tweet. It will be built in the current location of the country’s military school in Santa Tecla, which will be rebuilt elsewhere and have twice the capacity it has now. Bukele telegraphed the announcement in anearlier tweet.\n• In September, El Salvadorbecamethe first – and so far only – country to designate bitcoin legal tender. “We must break the paradigms of the past,” Bukele said at the time. “El Salvador has the right to move toward the First World.”\n• The decision has been criticized. TheInternational Monetary Fund(IMF) in November said bitcoin shouldn’t be used as legal tender in El Salvador and urged the Central American country to strengthen the regulation and supervision of its newly established payment system.\nRead more:Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It', 'El Salvador will build a new national stadium in a collaboration with China, President Nayib Bukele said in a Spanish-language Twitter post on Friday. \x93This is a collaboration granted directly by President Xi and a sample of the friendship between the peoples of China and El Salvador,\x94 Bukele tweeted in Spanish, referring to Chinese President Xi Jinping. The new stadium will have a seating capacity of 50,000, Bukele said in the tweet. It will be built in the current location of the country\x92s military school in Santa Tecla, which will be rebuilt elsewhere and have twice the capacity it has now. Bukele telegraphed the announcement in an earlier tweet . In September, El Salvador became the first \x96 and so far only \x96 country to designate bitcoin legal tender. \x93We must break the paradigms of the past,\x94 Bukele said at the time. \x93El Salvador has the right to move toward the First World.\x94 The decision has been criticized. The International Monetary Fund (IMF) in November said bitcoin shouldn\x92t be used as legal tender in El Salvador and urged the Central American country to strengthen the regulation and supervision of its newly established payment system. Read more: Behind the Scenes of El Salvador\x92s Bitcoin Bond With the Man Who Designed It', '1eco World, a blockchain technology-based C2E platform’s governance token 1ECO, will start trading on Bittrex Global on Wednesday, December 29, 2021, at 4 PM Pacific Time.\nSt. Vincent & Grenadines, Dec. 30, 2021 (GLOBE NEWSWIRE) --\n1eco Limited (CEO: Ryan Keum) officially listed the token [1ECO] of ‘1eco World’, a blockchain platform that connects the real and virtual world, on the global virtual asset exchange Bittrex Global on the 30th.\nThis time, the virtual asset to be listed is the governance coin [1ECO] issued by 1eco world. The wallet was enabled on December 28th, and trading started through BTC and USDT markets as of 16:00 PST on December 29th (December 30, 12 AM UTC).\n1eco World is a blockchain technology-based Connect-to-Earn (C2E) platform that rewards its users as much as it contributes to solving both big and small real-world societal problems in fields such as environmental issues, local market, healthcare, and commerce.\nBittrex Global, where 1ECO is listed for the first time, is an exchange that provides virtual asset trading services and has been continuously collaborating with global blockchain projects and virtual asset industries.\nAn official from 1eco Limited said, “This official listing of [1ECO] on Bittrex Global is a significant impetus to accelerate the launch of 1eco World’s official service. We contribute to solving various social problems with global users, and our team will do our best to build a platform where users can be rewarded for their contributions and increase their real assets.”\nContact Info:Name: Bruno YunEmail:Send EmailOrganization: 1eco WorldPhone: +82-10-6477-7188Website:https://www.1eco.io/', '1eco World, a blockchain technology-based C2E platform’s governance token 1ECO, will start trading on Bittrex Global on Wednesday, December 29, 2021, at 4 PM Pacific Time. St. Vincent & Grenadines, Dec. 30, 2021 (GLOBE NEWSWIRE) -- 1eco Limited (CEO: Ryan Keum) officially listed the token [1ECO] of ‘1eco World’, a blockchain platform that connects the real and virtual world, on the global virtual asset exchange Bittrex Global on the 30th. This time, the virtual asset to be listed is the governance coin [1ECO] issued by 1eco world. The wallet was enabled on December 28th, and trading started through BTC and USDT markets as of 16:00 PST on December 29th (December 30, 12 AM UTC). 1eco World is a blockchain technology-based Connect-to-Earn (C2E) platform that rewards its users as much as it contributes to solving both big and small real-world societal problems in fields such as environmental issues, local market, healthcare, and commerce. Bittrex Global, where 1ECO is listed for the first time, is an exch
**Last 60 Days of Bitcoin's Closing Prices:**
[61004.41, 63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-12-31
**Financial & Commodity Data:**
- Gold Closing Price: $1827.50
- Crude Oil Closing Price: $75.21
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $891,553,520,634
- Hash Rate: 179781041.0483546
- Transaction Count: 269540.0
- Unique Addresses: 703405.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.28
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The best of Bitcoin & Ethereum is now together in one place.
Eindhoven, Netherlands--(Newsfile Corp. - December 6, 2021) - Phase One of the NEVM launch is complete! The Bitcoin-secured Layer 1 for EVM smart contracts reached mainnet on block 1,317,500, December 6th, 2021. With this upgrade to the Syscoin network, users can simultaneously enjoy all the benefits of Bitcoin's POW security and the flexibility of smart contracts on a modular chain built to remain indefinitely decentralized, scalable, and affordable. Phase One has effectively laid the world's most secure foundation for supporting all the best EVM Layer 2 advancements.
Syscoin
To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/8372/106813_4a3f975024842991_001full.jpg
Syscoin's unique approach to infrastructure has addressed the greatest criticisms aimed at Bitcoin and Ethereum alike. Thanks to merge-mining, POW security is effectively a green energy solution, which recycles resources already being spent on Bitcoin's gold standard security. Thanks to the company's Solidity and full EVM-compatibility, they have set the stage for all EVM-based projects, including Ethereum itself, to be able to take advantage of Syscoin NEVM's scalability and low fees. In this manner, they have effectively leapfrogged the promises being offered by Ethereum 2.0 and solved the trilemma facing blockchains.This is significant because it means projects running on Ethereum can migrate to the Syscoin Platform and immediately save nearly 100% of their transaction fees, and in turn those savings can be passed on to their user bases.
"Syscoin will utilize the best features of the top two cryptocurrencies, namely Bitcoin and Ethereum. Hence, Syscoin will provide the security offered by Bitcoin while maintaining the programmability of Ethereum. Scalable applications will be mounted on this system via ZKPs which will introduce our proposed decentralized cost model on Ethereum gas fees," said Jagdeep Sidhu, Syscoin's Lead Core Developer.As mentioned, the Syscoin NEVM going operational is only Phase One of their grand strategy to offer the world's first mature blockchain capable of running the metaverse, smart cities, and hosting both the needs of public and private institutions. Phase Two brings ZK-Rollups and their incredible boost to speeds of up to 210k TPS in Q1 of 2022, followed by Phase Three in Q3 and the implementation our proprietary Validium technology, which is projected to achieve 4 million TPS, guaranteeing the long term viability of the Syscoin Platform.Since 2014, Syscoin has been continuously evolving in scope to anticipate and address the greatest challenges facing blockchain technology. The company's NEVM is the culmination of these years of effort and a novel solution they are incredibly proud to make a reality. Many new partners have already started onboarding, with the majority looking towards leveraging ZK-Rollups on Syscoin NEVM.Thus far, these NEVM partners includeLuxy: a powerful and user-friendly NFT marketplace,Gold Standard DAO: a decentralized reserve currency backed by gold,Pegasys: the first DEX & AMM built on Syscoin's NEVM,Mute: a DeFi suite dedicated to ZK-Rollup scalability,Equalizer: the world's first dedicated DeFi flash loans platform,Orai: the world's first AI Oracle blockchain, andmany morewill join the Syscoin ecosystem. More information is available atSyscoin.org.About Syscoin:
Syscoin is a decentralized and open-source project founded in 2014 whose NEVM upgrade combines the best of Bitcoin and Ethereum in a single coordinated platform.
Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true L2 scalability via ZK-Rollups taking place on a singular platform, Syscoin will usher in the next step in the evolution of blockchain technology.
Website|Discord|News|Twitter|Github
Media Contact
MichielEmail:[email protected]
PR:Cryptoshib.comEmail:[email protected]
To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/106813...
- 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.
|
47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26
|
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:**
['baona / iStock.com Stanislav Palamar / Getty Images Bitcoin Bitcoin was the first cryptocurrency and it remains both the largest and the most well-known. In fact, to the general public, Bitcoin is the standard bearer for all cryptocurrency, with many assuming that how Bitcoin trades is reflective of the cryptocurrency market as a whole. While this is true to some degree, it\'s also true that many of the thousands of other cryptos dance to their own beat. In 2021, one of the many headlines surrounding Bitcoin was the news that El Salvador would be the first country to accept Bitcoin as legal tender, perhaps paving the way for other countries to do the same. The price of Bitcoin has continued to soar, part of the reason it continually garners headlines. As of Nov. 26, the industry-leading crypto is up about 87% since January 2021. Over the past year, Bitcoin has risen by 218%. Do You Know? Where Does Cryptocurrency Come From? gopixa / Getty Images Ethereum Ethereum has long played second fiddle to Bitcoin, but it\'s on a trajectory to unseat Bitcoin as the most valuable crypto in terms of market cap. Currently, Ethereum\'s market cap of about $500 billion is about half that of Bitcoin\'s $1 trillion, but it has posted gains of 733% over the past year, more than tripling the gains made by Bitcoin. The crypto\'s market share has already jumped to 20% of the market, from 8.5%, while Bitcoin\'s has dropped from 67% to about 45%. Beyond Bitcoin: Looking at Some Crypto Financial Jargon Adrian Black / Getty Images Dogecoin Dogecoin has been the subject of countless news articles over the past year or so, partially due to its creation story. Dogecoin was literally created as a joke, a spoof on the crypto crazy in which investors would bid up even worthless coins. But Dogecoin has proven that even the most illusory cryptos can become real, as it now sits as the 10th-largest cryptocurrency in terms of market capitalization, at a whopping $30 billion valuation. In May 2021, Dogecoin had a market cap as high as $88 billion. Find Out: What Is Chainlink and Why Is It Important in the World of Cryptocurrency? salarko / Getty Images Shiba Inu Shiba Inu is another coin fashioned in the whimsical manner of Dogecoin, but it does carry slightly more heft. Shiba Inu is built on the Ethereum ecosystem, and thus enjoys the security and advanced features of that platform. Overall, the crypto is still a bit of an experiment, as it is more of a community- and supporter-driven crypto than a functional token in a structured environment. However, that hasn\'t stopped the crypto from reaching $22 billion in market cap and posting a ridiculous one-year gain of 59,146,060%, even though it only trades at a minuscule $0.00003990 per coin, as of late November. Story continues Find Out: Why Some Money Experts Believe In Bitcoin and Others Don\'t Rick_Jo / iStock.com Cardano Cardano skyrocketed in popularity in 2021 as it was one of the first cryptos to embrace proof-of-stake validation. In plain English, this means that Cardano is able to greatly reduce transaction time and energy usage, two of the problems that continue to dog Bitcoin. It also borrows a playbook from the Ethereum network via its decentralized applications and enabling of smart contracts. Investors have flocked to the coin in 2021, which is up over 1,000% over the past year in spite of a recent selloff. Read: How To Invest In Cryptocurrency: What You Should Know Before Investing Chinnapong / Getty Images Solana Solana is another crypto that has flown somewhat under the radar of the general public but has provided astronomical returns for those who have owned it. Solana blends both proof-of-stake and proof-of-history mechanisms, which has attracted a lot of interest from investors. Solana now has a market cap of over $60 billion after sprinting to a 10,500% gain over the past year. Binance Coin (BNB): Why It\'s So Interesting to the Cryptocurrency World Rick_Jo / iStock.com XRP XRP works on the Ripple digital payment processing network, where it can be used to facilitate exchanges among both digital and fiat currencies. As a crypto with a defined utility, investors have slowly and steadily piled into XRP, giving it a market cap of about $45 billion. In crypto terms, XRP has risen modestly over the past year, up 70%. See: Is Crypto a Sinking Ship? Money Experts Weigh In D-Keine / iStock.com Crypto.com Crypto.com bills itself as the world\'s fastest-growing crypto app, boasting over 10 million users and offering the ability to buy or sell over 200 cryptocurrencies at true cost. While that level of achievement might make news on its own, the biggest hit of 2021 for the company was its announcement that it had bought the naming rights for the former Staples Center in Los Angeles, home of sports teams like the Los Angeles Lakers. The name change of the storied venue to the Crypto.com Arena will officially take place as of Christmas Day 2021. Crypto.com paid an incredible $700 million for the naming rights to the arena, showing the immense amount of money being generated in the cryptocurrency space. Take a Look: The 10 Wildest Things Selling as NFTs NanoStockk / Getty Images ProShares Bitcoin Strategy ETF One of the biggest crypto headlines of 2021 was the much-anticipated arrival to market of an exchange-traded fund devoted to buying Bitcoin futures. The ProShares Bitcoin Strategy ETF has already proven to be one of the most successful ETF launches in history, raising $1.26 billion in assets in its first month. Bitcoin has been down in the month since the ETF officially launched, but it\'s easy to imagine the ETF gaining even more popularity if Bitcoin turns around and begins setting new highs again. $120K Bananas and $69M Digital Collages: Strange and Expensive Art Sales Chinnapong / Getty Images Gitcoin Investors looking for "the next big thing" in crypto have been piling into Gitcoin in late November 2021. This Ethereum token uses quadratic funding and other inventive means to fund and coordinate open-source development, according to Coinbase. The crypto still has a tiny market cap of about $300 million, even after shooting up 54% in a day, 167% in a week and 590% over the past year, as of Nov. 27, 2021. More From GOBankingRates The 5 Fastest Ways To Become Rich, According To Experts Social Security Schedule: When You\'ll Receive Payments For The Remainder of 2021 How To Add $500 to Your Wallet Just in Time for the Holidays Should You Refinance Now With the Low Mortgage Rates? This article originally appeared on GOBankingRates.com : Shiba Inu and 9 More of the Biggest Hits in Crypto for 2021 View comments', 'Bitcoin was the first cryptocurrency and it remains both the largest and the most well-known. In fact, to the general public, Bitcoin is the standard bearer for all cryptocurrency, with many assuming that how Bitcoin trades is reflective of the cryptocurrency market as a whole. While this is true to some degree, it\'s also true that many of the thousands of other cryptos dance to their own beat.\nIn 2021, one of the many headlines surrounding Bitcoin was the news that El Salvador would be the first country to accept Bitcoin as legal tender, perhaps paving the way for other countries to do the same. The price of Bitcoin has continued to soar, part of the reason it continually garners headlines. As of Nov. 26, the industry-leading crypto is up about 87% since January 2021. Over the past year, Bitcoin has risen by 218%.\nDo You Know?Where Does Cryptocurrency Come From?\nEthereum has long played second fiddle to Bitcoin, but it\'s on a trajectory to unseat Bitcoin as the most valuable crypto in terms of market cap. Currently, Ethereum\'s market cap of about $500 billion is about half that of Bitcoin\'s $1 trillion, but it has posted gains of 733% over the past year, more than tripling the gains made by Bitcoin. The crypto\'s market share has already jumped to 20% of the market, from 8.5%, while Bitcoin\'s has dropped from 67% to about 45%.\nBeyond Bitcoin:Looking at Some Crypto Financial Jargon\nDogecoin has been the subject of countless news articles over the past year or so, partially due to its creation story. Dogecoin was literally created as a joke, a spoof on the crypto crazy in which investors would bid up even worthless coins. But Dogecoin has proven that even the most illusory cryptos can become real, as it now sits as the 10th-largest cryptocurrency in terms of market capitalization, at a whopping $30 billion valuation. In May 2021, Dogecoin had a market cap as high as $88 billion.\nFind Out:What Is Chainlink and Why Is It Important in the World of Cryptocurrency?\nShiba Inu is another coin fashioned in the whimsical manner of Dogecoin, but it does carry slightly more heft.Shiba Inuis built on the Ethereum ecosystem, and thus enjoys the security and advanced features of that platform. Overall, the crypto is still a bit of an experiment, as it is more of a community- and supporter-driven crypto than a functional token in a structured environment. However, that hasn\'t stopped the crypto from reaching $22 billion in market cap and posting a ridiculous one-year gain of 59,146,060%, even though it only trades at a minuscule $0.00003990 per coin, as of late November.\nFind Out:Why Some Money Experts Believe In Bitcoin and Others Don\'t\nCardano skyrocketed in popularity in 2021 as it was one of the first cryptos to embrace proof-of-stake validation. In plain English, this means that Cardano is able to greatly reduce transaction time and energy usage, two of the problems that continue to dog Bitcoin. It also borrows a playbook from the Ethereum network via its decentralized applications and enabling of smart contracts. Investors have flocked to the coin in 2021, which is up over 1,000% over the past year in spite of a recent selloff.\nRead:How To Invest In Cryptocurrency: What You Should Know Before Investing\nSolana is another crypto that has flown somewhat under the radar of
**Last 60 Days of Bitcoin's Closing Prices:**
[63226.40, 62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-01
**Financial & Commodity Data:**
- Gold Closing Price: $1827.50
- Crude Oil Closing Price: $75.21
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $874,878,645,501
- Hash Rate: 207532476.9148791
- Transaction Count: 186834.0
- Unique Addresses: 512154.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.21
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Arcology Network Advancing Development with Large-Scale Test on Amazon Web Services
VANCOUVER, BC / ACCESSWIRE / November 23, 2021 / Codebase Ventures Inc.("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to announce that the Mr. Laurent Zhang, Founder and President of Arcology, in which CODE has an investment, has provided an update on Arcology's progress.
Arcology designed and completed a large-scale test to verify the capabilities of the updated design, which was announced previously. The testing included:
• Multiple AWS datacenters
• 4 clusters
• 92 servers
• 944 Processor cores
Based on the analysis of the raw test data, the test achieved internal goals, establishing technical advantages against all Ethereum scaling solutions, achieving promising results both in terms of compatibility and transaction processing speed.
"Arcology Is designed to solve the scalability issues, demonstrating the ability to work with multiple machines sharing the workload. This test has further demonstrated our technical advantages and it is an important step forward toward for Arcology's development," said Mr. Zhang.
Codebase Ventures Inc. has a 30% interest in Arcology.
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem and fintech. The Company identifies such opportunities and applies its relationships and capital to advance its interests.
For further information, please contact:
George Tsafalas - Ivy LuInvestor RelationsTelephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150E-mail:[email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE:Codebase Ventures Inc.
View source version on accesswire.com:https://www.accesswire.com/674211/Codebase-Receives-Update-from-Arcology-on-Its-Amazon-Web-Services-Aws-Test-Results...
- 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.
|
47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86
|
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 2021, internet scams were legion. Fromdating app scams,crypto and investment fraud, data breaches and evenGoogle ad thefts, chances are you or someone you know has been a victim. In 2022, some experts warn thatSocial Securityscams will be on the rise.\nThe Year in Review:The COLA Increase and Other Big Social Security DecisionsLearn:How To Tell If That Call From Social Security Is a Scam\nThe FBI reported that it receives more than 800,000 internet crime reports every year, which adds up to an estimated $4 billion in losses. Therefore, it’s of the utmost importance to be on the lookout for impostors who will say they’re from the IRS,Social Security Administration(SSA), lottery promoters, utility companies, banks and card companies, or even a friend or relative in distress. They’ll ask for payment using some untraceable methods such as money wiring services, Bitcoin payments,gift cardsand cash, according to the Rockford Register\nFortunately, the Federal Trade Commission (FTC) and the SSA provide tips to protect consumers.\nSocial Security Scams:3 Common Requests and How To Report Them\nFirst of all, the FTC reminds people on its website that the SSA will never call to request you to pay anything, nor threaten your benefits. Your caller ID might show the SSA’s real phone number (1-800-772-1213), but that’s not the real SSA calling. Computers make it easy to show any number on caller ID. “You can’t trust what you see there,” according to the SSA.\nIt also warns to never give your Social Security number to anyone who contacts you — not even the last 4 digits. Giving a bank account or credit card number to anybody who contacts you also goes against your best interest and shouldn’t be done under any circumstance.\n“Remember that anyone who tells you to wire money, pay with a gift card, or send cash is a scammer. Always. No matter who they say they are,” it says.\nRelated:Social Security: When Your Provisional Income Can Lead to 100% Tax-Free Benefits\nIn addition, the SSA reminds people on its website that “if there is a problem, we will mail you a letter. Generally, we will only contact you if you have requested a call or have ongoing business with us.” The site adds that the latest scam trick of using robocalls or live callers has increased.\nThe SSA notes that scammers may threaten arrest or other legal action, or may offer to increase benefits, protect assets or resolve identity theft. They often demand payment via retail gift cards, wire transfers, pre-paid debit cards, internet currency or mailing cash.\n“Our employees will never threaten you for information or promise a benefit in exchange for personal information or money,” it adds.\nSee:How To Avoid Being Scammed After a Natural DisasterUnemployment Fraud:Thieves Use Fake Job Ads To Collect Benefits\nIn summation, the SSA will never suspend Social Security numbers (SSN); demand immediate payment; require payment by cash, gift card, pre-paid debit card, internet currency, or wire transfer; or ask for personal details or banking information to give you acost-of-living adjustment (COLA).\nMore From GOBankingRates\n• Social Security Schedule: When the First COLA Checks Will Arrive in January 2022\n• Social Security Schedule: When You’ll Receive Payments For The Remainder of 2021\n• 9 Easy Things You Can Do To Start Preparing For Retirement Now\n• What To Consider When Choosing a Mortgage Lender\nThis article originally appeared onGOBankingRates.com:Retirees Beware: Social Security Scams Poised To Increase in 2022 — Brush Up on the Latest Techniques', 'monkeybusinessimages / Getty Images/iStockphoto In 2021, internet scams were legion. From dating app scams , crypto and investment fraud , data breaches and even Google ad thefts , chances are you or someone you know has been a victim. In 2022, some experts warn that Social Security scams will be on the rise. The Year in Review: The COLA Increase and Other Big Social Security Decisions Learn: How To Tell If That Call From Social Security Is a Scam The FBI reported that it receives more than 800,000 internet crime reports every year, which adds up to an estimated $4 billion in losses. Therefore, it’s of the utmost importance to be on the lookout for impostors who will say they’re from the IRS, Social Security Administration (SSA), lottery promoters, utility companies, banks and card companies, or even a friend or relative in distress. They’ll ask for payment using some untraceable methods such as money wiring services, Bitcoin payments, gift cards and cash, according to the Rockford Register Fortunately, the Federal Trade Commission (FTC) and the SSA provide tips to protect consumers. Social Security Scams: 3 Common Requests and How To Report Them First of all, the FTC reminds people on its website that the SSA will never call to request you to pay anything, nor threaten your benefits. Your caller ID might show the SSA’s real phone number (1-800-772-1213), but that’s not the real SSA calling. Computers make it easy to show any number on caller ID. “You can’t trust what you see there,” according to the SSA. It also warns to never give your Social Security number to anyone who contacts you — not even the last 4 digits. Giving a bank account or credit card number to anybody who contacts you also goes against your best interest and shouldn’t be done under any circumstance. “Remember that anyone who tells you to wire money, pay with a gift card, or send cash is a scammer. Always. No matter who they say they are,” it says. Related: Social Security: When Your Provisional Income Can Lead to 100% Tax-Free Benefits In addition, the SSA reminds people on its website that “if there is a problem, we will mail you a letter. Generally, we will only contact you if you have requested a call or have ongoing business with us.” The site adds that the latest scam trick of using robocalls or live callers has increased. Story continues The SSA notes that scammers may threaten arrest or other legal action, or may offer to increase benefits, protect assets or resolve identity theft. They often demand payment via retail gift cards, wire transfers, pre-paid debit cards, internet currency or mailing cash. “Our employees will never threaten you for information or promise a benefit in exchange for personal information or money,” it adds. See: How To Avoid Being Scammed After a Natural Disaster Unemployment Fraud: Thieves Use Fake Job Ads To Collect Benefits In summation, the SSA will never suspend Social Security numbers (SSN); demand immediate payment; require payment by cash, gift card, pre-paid debit card, internet currency, or wire transfer; or ask for personal details or banking information to give you a cost-of-living adjustment (COLA) . More From GOBankingRates Social Security Schedule: When the First COLA Checks Will Arrive in January 2022 Social Security Schedule: When You’ll Receive Payments For The Remainder of 2021 9 Easy Things You Can Do To Start Preparing For Retirement Now What To Consider When Choosing a Mortgage Lender This article originally appeared on GOBankingRates.com : Retirees Beware: Social Security Scams Poised To Increase in 2022 — Brush Up on the Latest Techniques', 'Addressing privacy issues that users face with public blockchains and smart contracts, Secret (SCRT) delivers smart contract privacy. Transactions across other blockchains are secure but are viewable by everyone. While the transparency of some transaction details is not a concern, there are some details that should be hidden. In the case of Bitcoin (BTC) and other blockchains, a breach of ownership identity could result in the other owners’ identities being revealed.\nOn the Secret (SCRT) blockchain, users can build and use applications “that are both permissionless and privacy-preserving”. Secret (SCRT) therefore protects users and also secures applications. The goal is to allow users to control how their data is viewed and used.\nIn recent weeks, there has been a marked increase in regulatory chatter.The Bank of England recently raised its concerns over cryptos and their risks to financial stability. The UK’s central bank also talked of the need to build a global regulatory framework. Global crypto exchange Binance has also come under fire. Last month,Binance withdrew its Singapore applicationandalso came under fire in Ontario, Canada. Then there’sChina’s continued clamp downand recent news on the Indian government and its investigations into tax evasion amongst crypto-exchanges. Binance-owned WazirX was amongst a number of exchanges searched by Indian tax authorities over the New Year.\nWith regulatory oversight back on the agenda, user privacy has also become a key issue once more. This need for privacy does not just stem from increased interest from regulators, however. Privacy would also protect users from becoming targets and that’s before considering smart contract disclosures. Smart contracts are publicly viewable and disclose a significant amount of information. These can include the purpose of the contract, the users involved, and the inputs and outputs. For instance, Ethereum’s (ETH) smart contract details are publicly viewable. Ultimately, providing increased security, by way of smart contract privacy, would protect users.\nAs the world continues to embraceDeFi, Web3, theMetaverse, and more, privacy issues will likely become an even greater area of focus. One only needs to consider theFacebookdata leak and the furor that ensued to then see the need to ramp up smart contract privacy.\nOn Saturday, 1stJanuary 2022, SCRT rallied by 20.74% to end the day at $6.1437. According toCoinMarketCap,Secret (SCRT) is now ranked at #100 by market cap. At the time of writing, Secret’s (SCRT) market cap stood at $900.37m. Saturday’s close fell well short of late October’s ATH $10.9994, however.\nIn spite of the pullback from last October’s highs, SCRT ended 2021 up by 733%. The New Year’s Day rally was not market driven, when considering price actio
**Last 60 Days of Bitcoin's Closing Prices:**
[62970.05, 61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-02
**Financial & Commodity Data:**
- Gold Closing Price: $1827.50
- Crude Oil Closing Price: $75.21
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $903,586,975,461
- Hash Rate: 190640298.56134245
- Transaction Count: 196865.0
- Unique Addresses: 534857.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.29
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Last week, a hack on the high yield protocol BadgerDao led to the loss of $115 million worth of digital assets. More information from on-chain data has revealed that Celsius Network lost $54 million worth of Bitcoin during the hack. Hackers extracted 896 Wrapped BTC from a MetaMask wallet used by Celsius Network to interact with the BadgerDao website. Celsius Lost $54 Million to the Hack This new information has led to questions and concerns from the crypto community as many wonder why Celsius Network will be using MetaMask for client funds. While the network has admitted to losing some money, it is yet to say how much it lost and hasn’t provided any information on how it plans to get back the money or who will absorb the losses. This hack further compounds Celsius’s woes as it’s currently battling various issues. Those issues include its Chief Finance Officer, Yaron Shalem, arrest on criminal charges, failure to inform investors about the arrest before it closed its latest funding round, cease and desist orders from several state regulators, and concerns from users about its Ponzi-like qualities and difficulties in making withdrawals. BadgerDAO’s Effort to Retrieve the Stolen Funds With this hack, the risks of high-yield Defi platforms have become more pronounced. BadgerDao claimed that it’s working with Chainalysis and law enforcement authorities to track and retrieve the stolen funds. Celsius Network also stated that it’s assisting BadgerDao to resolve the issue and return the funds. . @CelsiusNetwork has traced the attacker and reported this information back to Badger, to assist with the investigation. We have also incorporated the lessons learned into preventative security and DeFi interaction practices. (3/5) — Celsius (@CelsiusNetwork) December 3, 2021 The hackers exploited the web interface that connects the BadgerDao website to users’ wallets, with the interface directing users to send their tokens to wallets controlled by the hackers. Nexus Mutual, the insurance company used by BadgerDao, has also refused to compensate BadgerDao and Celsius users, claiming its insurance policy doesn’t cover front-end hacks. Story continues According to Celsius Network CEO Alex Mashinsky, the company will give an official statement on Friday. This hack highlights the prevalence of financial crimes through security breaches on the Defi platforms. An Elliptic report stated that Defi users have lost over $12 billion to hackers between January 1, 2020, and November 9, 2021. This article was originally posted on FX Empire More From FXEMPIRE: Shiba Inu Can Now Be Used for Booking Over 2 Million Hotels EUR/USD Mid-Session Technical Analysis for December 8, 2021 AUD/USD Forex Technical Analysis – Sellers Like .7173 – .7182; Counter-Trend Buyers Eyeing .7083 – .7068 Natural Gas Price Fundamental Daily Forecast – Modest Cold Shift Could Fuel Short-Covering that Fills Gap Southwest Airlines Lower Despite Guidance Boost Former Google CEO Eric Schmidt Joins the Chainlink Labs Team...
- Reddit Posts (Sample): [['u/Nostalg33k', 'A good portfolio should contain a big portion of BTC and ETH.', 430, '2022-01-02 00:04', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/', "If you are here for the long run, you should really hedge your risky bets on some bluechip crypto. \n\nYes BTC won't bring you a 100\\* nor will ETH but they are a promise of good returns. Heck even if you are chasing some \\*1000 you should still invest in ETH and BTC because they allow you to hedge your bet. If you lose your crazy risky investment you'd still have ETH and BTC working for you. \n\n​\n\nI know crypto can give you outrageous returns but we shouldn't spit on some +50%. I really think, one day, BTC will be 100K usd and ETH will be 10K usd. These are more than solid gains. \n\nAnother reason you should invest in these two coins is that they drive the market. When BTC rises the rest of your portfolio rises. Investing in BTC is currently investing in crypto as whole. Reinforcing the market and making all your subsequent bets more secure. \n\nI think you'd have to be a mad person or to be very good at DYORing to not invest in BTC and ETH. \n\n​\n\nNot financial advice obviously. You do you. Take your risks like adults.", 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/', 'rtv2n2', [['u/entropen', 12, '2022-01-02 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv3cle/', "I think ETH and BTC can still get you a 100% return. It's just going to take time, and we are all greedy, impatient bastards.", 'rtv2n2'], ['u/martin_yy_t', 10, '2022-01-02 00:10', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv3v79/', 'Exactly! You might hold 10 legit alts hoping for better gains, but at the end half of them will underperform and half of them will outperform BTC and ETH, but when you do the math you will realise that you made nearly the same or more probably a little less than just holding BTC.', 'rtv2n2'], ['u/Jollyapeinheaven', 14, '2022-01-02 00:12', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv47sh/', 'Whatever works for YOU needs to be in YOUR portfolio.', 'rtv2n2'], ['u/ra693425', 64, '2022-01-02 00:16', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv4puo/', "Absolutely, BTC and ETH is considered best investment for both beginners as well as OG's.\n\nPortfolio without BTC ETH is like life without oxygen.", 'rtv2n2'], ['u/sonspider', 230, '2022-01-02 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv53ub/', 'A good crypto portfolio should have good crypto in it.', 'rtv2n2'], ['u/stiviki', 24, '2022-01-02 00:22', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv5knc/', 'Or a garden without flowers!', 'rtv2n2'], ['u/tamaleA19', 30, '2022-01-02 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv5ube/', 'A good crypto portfolio is one based on DD and meets the owners risk tolerance. Doesn’t really matter what’s in it', 'rtv2n2'], ['u/turbo0_guy', 21, '2022-01-02 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv5z2i/', "I'm about 80% ALTs and still doing really really well. I Just invest in future tech and real world use case and not trash/scam coins. Still diversify with select coins and confident it will out perform BTC and ETH. Even if 2 or 3 coins go to zero I've made nearly X10 on others that easily covers losses. I did learn the risks after previously getting burnt in the 2017 alts coin fury and 2018 bear market so more cautious these days.", 'rtv2n2'], ['u/DaddySkates', 179, '2022-01-02 00:27', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv6d34/', 'and here I am standing balls deep in alts', 'rtv2n2'], ['u/Omega3568', 13, '2022-01-02 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv7bas/', 'I’m 80% BTC and ETH, but I have my alts 2-5x and I take profits and buy more BTC and ETH. I usually pick 2-3 alts. I have LINK, LRC, and Matic. LRC is at a 5x now but I’m just waiting out the announcement.', 'rtv2n2'], ['u/whiskeydrops', 23, '2022-01-02 00:43', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv8nkp/', '43.1% BTC 37.5% ETH 9.9% ALGO 9.5% ADA. hows that for a beginner?', 'rtv2n2'], ['u/DDaBeast4', 15, '2022-01-02 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv93hr/', 'Or a flower without petals!', 'rtv2n2'], ['u/0mgpwnies', 26, '2022-01-02 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqv9712/', 'I think the word "good" should be replaced with "safe". Everyone has different goals and risk tolerances and there are plenty of people who don\'t own any BTC or ETH and have made that choice dependant on their goals and risk tolerance.', 'rtv2n2'], ['u/Snoordle', 72, '2022-01-02 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvayz6/', 'Holding BTC and ETH in crypto is like holding Apple or Microsoft in the stock market. Good cash park and pretty safe. Why are these posts so prevalent? New investors trying to mentor newer investors perhaps? \nRisk/reward is different for everyone here… Have your own plans if you want to make big gains!', 'rtv2n2'], ['u/Snoordle', 14, '2022-01-02 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvd7xl/', 'I don’t disagree that it’s good to have some long term. I’d just never be anywhere near the growth I’ve achieved, or aim to achieve, without alts driving half or more of my portfolio. There are a LOT of solid alts now that are fairly reliable and have a ton of room to grow in the mid term. DYOR is key', 'rtv2n2'], ['u/AvidMenchiesConsumer', 71, '2022-01-02 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvep6c/', 'A good crypto portfolio should have crypto in it', 'rtv2n2'], ['u/CryptoRipz', 41, '2022-01-02 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvf53o/', 'A good crypto should have portfolio in it.', 'rtv2n2'], ['u/majic2', 10, '2022-01-02 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvfcrb/', 'This we can all agree on!', 'rtv2n2'], ['u/JoeRogansSauna', 20, '2022-01-02 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvgi3j/', 'A portfolio good should have crypto in it', 'rtv2n2'], ['u/zityzagjf', 20, '2022-01-02 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvgr9z/', "Agreed. My biggest regret is that I didn't get into ETH when it was just at $450 and BTC when it was just at $9000 but instead I was trading shitcoins. My portfolio would be a lot of bigger right now, if I only would invested in those two. Won't do the same mistake again.", 'rtv2n2'], ['u/ilikevalue', 70, '2022-01-02 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvjlxv/', 'OP is very disappointed in you and in my big bag of Algo.', 'rtv2n2'], ['u/not-clever-at-all', 11, '2022-01-02 02:08', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvk54n/', 'Govnah', 'rtv2n2'], ['u/biketourthrowaway', 24, '2022-01-02 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvl0id/', 'Just to counterbalance: you can absolutely have a solid portfolio without BTC or ETH in it, it\'s just a lot harder.\n\nI am all in on alts and have outperformed BTC and ETH over a four year period. Crypto is a pretty unique market in that there is so much that isn\'t "priced in" already. There are projects that are seeing massive success in their niche use cases that are still have market caps in the tens to hundreds of millions.\n\nThere just are too many projects with too many new developments with too little institutional interest for smaller quality alts to be priced correctly, and no one really knows how to accurately model prices for crypto anyways. The hard part is learning enough about the space to ferret out which projects are legit.', 'rtv2n2'], ['u/EmperorOfNipples', 77, '2022-01-02 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvl1h1/', 'Each month I invest £150.\n\n£100 in one of the big two, and £50 in an Altcoin.\n\n​\n\nSo far so good.', 'rtv2n2'], ['u/oALIVEandWELLo', 10, '2022-01-02 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvq4a6/', 'I’m going with large amount of ETH then alts', 'rtv2n2'], ['u/maaranam', 14, '2022-01-02 02:59', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hqvr0si/', "Tbh if I'm in my 20s i would rather invest in risky alt shots than go for stable returns on btc.", 'rtv2n2'], ['u/Acceptable-Risks', 11, '2022-01-02 05:25', 'https://www.reddit.com/r/CryptoCurrency/comments/rtv2n2/a_good_portfolio_should_contain_a_big_portion_of/hq...
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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46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10
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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:**
['(Edited by Greg Ahlstrand and James Rubin)\nGood morning. Here’s what’s happening:\nMarket moves:Bitcoin traded in a narrowed range after “crypto witching day” ended\nTechnician’s take (Editor’s note):Technician’s Take is taking a hiatus for the holidays. In its place, First Mover Asia is publishing CoinDesk contributor Jeff Wilser’s Q&A with Cathy Hackl, sometimes called the “Godmother of the Metaverse,” on the future of the metaverse, including why brands will need a metaverse strategy.\nCatch the latest episodesofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis.\nBitcoin (BTC): $47,348 -0.02%\nEther (ETH): $3.825 +1.96%\nS&P 500: 4,766.18 -0.26%\nDJIA: 36,338.30 -0.16%\nNasdaq: 15,644.97 -0.61$\nGold: 1,829.05 + 0.73%\nBitcoin’s price was ranging between $46,000 and $48,000 during the weekend, after “cryptowitching day” ended Friday with the expiration of roughly$8.67 billion worth ofbitcoin and ether options contracts.\nBitcoin, the oldest cryptocurrency, experienced a small price recovery to as high as about $47,961.0 on Saturday, before it fell into red again on Sunday, based on data from TradingView. But its overall spot trading volume across major centralized exchanges declined on the weekend, meaning that the price move was not supported by strong market activities.\nOn Friday, about 115,000 bitcoin options and roughly 882,000 ether options contracts, worth a total notional value of $8.67 billion, expired, according to Cayman Islands-based crypto financial services firmBlofin. After the settlement was completed, bitcoin’s price briefly went up sharply to above $48,000 on some exchanges, crypto trading data platform aICointweetedon Dec. 31.\nMeanwhile, harmony (ONE) and chainlink (LINK) were the biggest winners among alternative cryptocurrencies (altcoins) on Sunday, at the time of writing. Harmony is the native token of smart contract platform Harmony and LINK is an ERC-20 token for decentralized oracle network Chainlink.\nHow Brands Can Build in the Metaverse:Cathy Hackl, aka “the Godmother of the Metaverse,” on how crypto-oriented virtual worlds can be useful for marketers. (By Jeff Wilser)\nClinique had a problem. The brand wanted to “enter the metaverse,” but it didn’t want to do it in a way that was cringey. So, they called a woman named Cathy Hackl: The “Godmother of the Metaverse.”\nHer credentials? Hackl, the “Chief Metaverse Officer” of Futures Intelligence Group, has worked in metaverse-related fields for nearly a decade – or basically since the dawn of meta-time.\nThis post is part ofCrypto 2022: Culture Week.\nJust ask Steven Spielberg. When filming “Ready Player One,” Spielberg partnered with the virtual reality headset company HTC Vive, where Hackl served as “VR Evangelist.” At Magic Leap, an augmented reality company, she worked with the man who coined the term metaverse, Neal Stephenson. And over a year before the current craze, she wrote articles for Forbes like“The Metaverse Is Coming And It’s A Very Big Deal.”\nIt was such a big deal that Hackl left a cushy job at Amazon Web Services to “take a big bet on the metaverse.” Now she advises brands – like Clinique – on how to position themselves in this strange new space. (Her work with Cliniquefetcheda glowing write-up from Vogue business.)\nThe Godmother shares why the metaverse is larger than perhaps the crypto crowd realizes, why avatars are fast becoming “emotional surrogates of ourselves,” and how in the future, “every company is going to need a metaverse strategy.”\nCoinDesk:The term “metaverse” can mean 10 different things to 10 different people – even inside the crypto space. When you start working with clients, how do you explain it to them?\nCathy Hackl:I usually start from the past. Web 1 connected information, so you got the internet. And did that change anything for your brand? It probably did. Web 2 connected people and you got social media, the sharing economy. Did that change anything for your brand? Of course it did, right?\nCoinDesk:Right.\nHackl:And now we’re in the evolution of Web 2 going into Web 3. And Web 3, it connects people, places, and things – or people, spaces and assets. And those people, spaces and assets can sometimes be in a fully virtual environment, like most people tend to think.\nRead more:Play-to-Earn Is Already the Biggest Star in the Metaverse - Jeff Wilser\nBut it’s also going to be in our real world with some level of augmentation, probably through a wearable. So, Web 3 is kind of enabling the creation of the metaverse, and the metaverse is a convergence of physical and digital. Think of it as the successor of what comes next on the internet. It’s like your digital lifestyle catching up to your physical life.\nCoinDesk: That’s a pretty expansive view. So, it includes not just blockchain projects, like Decentraland, but also augmented reality from traditional platforms?\nHackl:Yeah. Even Snapchat, the things that they can do with the camera for augmented reality – that’s a metaverse play. That’s all part of the metaverse. I have a pretty expansive view, and part of that comes from working in VR [virtual reality] hardware, spatial computing and augmented reality hardware. And when people think the metaverse is only virtual reality, or only fully immersive, I think that’s a pretty narrow view. And a pretty dystopic one.\nCoinDesk:With that wide of a definition, I’m guessing the blockchain metaverse projects are only a small slice of the overall “metaverse pie”?\nHackl:It is small, but it’s ever increasing. You’ve got SoftBank leading the investment for$93 millionin a Series B [for The Sandbox]. Upland just raised$18 million, I believe, with a $300 million valuation. You’ve got a lot of these blockchain projects – like NFT [non-fungible token] gaming metaverses – growing really fast.\nCoinDesk:How does blockchain fit into your vision for the metaverse?\nHackl:You cannot enable the open decentralized metaverse that many of us dream of without blockchain, right? Blockchain is the underlying component. NFTs are a bit of a stepping-stone into the metaverse when it comes to ownership of digital assets and digital identity. How do you actually enable that? NFTs are a big part of that equation.\nCoinDesk: What’s the biggest potential for brands?\nHackl:One of the big things that I try to explore is, “Is direct-to-avatar the next direct-to-consumer?” Again, it’s stepping-stones. When we text people we use emojis; we don’t even write anymore. We use an emoji to represent a message. Our emojis – and by extension our avatars – are becoming emotional surrogates of ourselves.\nIn order to represent yourself as an avatar, that’s a big thing. Because it’s a moment of self-expression, it’s a moment of self-exploration. And how do brands play into that? Well, I’m going to have to outfit my avatar. Maybe I want to make a statement and wear Supreme. Fashion and culture go together. How does your avatar show up, right? What does it look like, what does it wear? There are going to be a lot of opportunities for brands. And there will be opportunities for them to engage with the younger generation.\nI can see how it’s obvious for some brands – especially in wearables and fashion – to get involved in the avatar game. But how about for less obvious brands? I mean, how does a food company make a metaverse play?\nThis post is part ofCrypto 2022: Culture Week.\nWell, people are saying that Chipotle caused the [Roblox] outage. (Of course they didn’t causethe outage– let’s get that straight.) But a brand like Chipotle can come in and say, “We’re going to do a burrito, and we’re going to give away $1 million worth of burritos in the game.” I think those types of things are interesting and fun, and the audience is engaged, they enjoyed it.\nCoinDesk:What do you see as some of the biggest obstacles that need to be overcome for the metaverse to become more mainstream?\nHackl:There are a lot of things that need to happen. If you look at how many people actually have [digital] wallets, it’s actually a very small number. And it’s a generational thing. My kids understand digital ownership in a way that maybe older generations don’t. They love buying digital assets and their skins. Once my kids get older, they’re going to question, “Why can’t I take this asset that I paid so much money for in Roblox, and move it over to Fortnite?” Eventually they’re going to expect that.\nCoinDesk: And that leads to more of an appreciation for NFTs and a desire for open worlds, got it. What else is needed for the metaverse to take off?\nHackl:There will be a serious need for computing power. And right now, obviously you’ve got supply chain issues related to chips, so that might slow things down.\nThere also needs to be a lot of education within organizations – and not just the brand team – to understand where this is headed. And for companies, there’s already a talent war so it’s hard to hire people. When you realize that every company is going to need a metaverse strategy, then hiring is going to get even harder. That’s why I partnered withRepublic Realmto create the Republic Realm Academy, for executive education.\nCoinDesk:How does Facebook fit into all of this? What’s your reaction to Zuckerberg’s meta play?\nHackl:I take the good with the bad. I mean, it is a validation of the work that many of us have been doing for years. So, I’ll take that. On the other side, with Facebook being so literal with the name “meta,” it does cast a bit of doubt and shadow on the metaverse. The big thing is confusion – people thinking the metaverse is Facebook. It is not.\nI was at an event having breakfast with some speakers. I sat down, and someone asked me what I do. I said, “I do metaverse strategies.” And they said, “Isn’t that Facebook?”\nRead More:Note to Brands: Crypto Isn’t Funny Money. It’s Community\nCoinDesk:No!\nHackl:[Laughs.] Yeah. So, I think there is that level of confusion. I don’t know how many people read the news th
**Last 60 Days of Bitcoin's Closing Prices:**
[61452.23, 61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2022-01-03
**Financial & Commodity Data:**
- Gold Closing Price: $1799.40
- Crude Oil Closing Price: $76.08
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $895,385,027,960
- Hash Rate: 168921783.5353667
- Transaction Count: 234793.0
- Unique Addresses: 630932.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.29
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: ChargePoint Holdings (NYSE: CHPT), Reliq Health Technologies (OTC: RQHTF) (TSX.V: RHT), AI/ML Innovations (OTC: AIMLF) (CSE: AIML), and Robinhood Markets (NASDAQ: HOOD). Innovation in Artificial Intelligence, Machine Learning, HealthTech, Cryptocurrencies and EV technologies is creating new generational investment opportunities. Wall Street Reporter highlights the latest comments from industry thought leaders: ChargePoint Holdings, Inc. (NYSE: CHPT) CEO Pasquale Romano: “Increasing Electric Vehicle Adoption is Driving Our Growth” “...As a technology company with software at our core, we are pleased to report subscription revenue for the quarter grew 12% from the first quarter and 23% year-over-year. We finished the quarter with approximately 118,000 active ports on our network, an increase of about 6,000 ports sequentially...The results from this quarter can be described with one word: scale, scale across our three verticals and scale in both North America and Europe...We had strong commercial execution as businesses of all types continue to invest and we’ll be charging for their customers, employees and visitors. Interest in EV charging solutions from fleet operators continues to be high. In June, we announced the industry’s most comprehensive fleet charging portfolio…” “...ChargePoint’s success is directly tied to the arrival of electric vehicles. BloombergNEF published its electric vehicle outlook in June, which was the first major increase to their outlook in five years. Sales of EVs accelerated in North America and Europe in the first half of 2021. According to BNEF, North America EV sales were up 97% year-over-year for the first half and European EV sales were up 153%. We are witnessing more vehicles coming to market in exciting form factors for a broad array of use cases….” ChargePoint Holdings (NYSE: CHPT) Earnings Highlights: https://bit.ly/3CS8jFz Story continues AI/ML Innovations (OTC: AIMLF) (CSE: AIML) Chairman, Tim Daniels: “Explosive Revenue Growth Potential with New SaaS Contracts” NEXT SUPER STOCK conference presenter AI/ML Innovations (OTC: AIMLF) (CSE: AIML) chairman Tim Daniels updated investors on the company’s new SaaS HealthTech contracts which are expected to generate over $7 million in revenues over the next 12 months. AIMLF’s Health Gauge subsidiary has entered into a Software-as-a-Service licensing agreement with Rapid Test & Trace Canada, providing RTTC with a "Health Gauge-powered" verifiable, self-administering, rapid COVID testing solution for use by RTTC's corporate and retail customers. Under the terms of the agreement, Health Gauge will receive up to $2.50 per test in transactional fees (plus data storage, video session, and setup costs) as compensation for use of its proprietary AI-powered platform and technological infrastructure, as the foundation for a verifiable COVID testing app used by RTTC's customer base. RTTC retains the right to license Health Gauge's solution exclusively for COVID testing for Canada, United States, Mexico, Australia, and the United Kingdom, provided RTTC achieves and maintains sales of no less than 50,000 tests per month in each of the 5 named countries by March 1, 2022. AIMLF’s latest digital healthcare growth initiatives, which now includes Tech2Health, a European mental health app innovator. Tech2Health is positioned for explosive revenue growth as European healthcare mandates now provide about 2,500 Euro per patient annually for mental wellness. Tech2Health has just signed with a French multinational manufacturer, to provide mental wellness support to their 170,000 employees globally, and additional Enterprise contracts are in the pipeline. Tim Daniels also updated investors on AIML’s growing pipeline of M&A opportunities in the HealthTech space, which could have a positive impact on maximizing shareholder value in coming months. Watch AI/ML Innovations (OTC: AIMLF) (CSE: AIML) NEXT SUPER STOCK Video: https://bit.ly/30DdmeR Reliq Health Technologies (OTC: RQHTF) (TSX.V: RHT) CEO Lisa Crossley: “2021 is Breakout Year for Reliq Telehealth Platform” Reliq Health Technologies (OTC:RQHTF) is now at an inflection point for explosive revenue growth and profitability shared CEO Lisa Crossley during a recent presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream. RQHTF’s iUGO telehealth remote patient monitoring platform has gained significant traction over the past 6 months, and now has 200,000 patients under contract to be onboarded over the next 18-24 months - which represents over $120 Million in recurring annual revenue at full deployment. Watch Reliq Health Tech (OTC:RQHTF) (TSX.V:RHT) NEXT SUPER STOCK Video: https://bit.ly/3BcFkLi RQHTF has just turned the corner to profitability and revenues are expected to reach $2 million per month revenues, hitting a $24 million run rate by the end of December - and keep increasing as more contracted patients are onboarded. Lisa added that RQHTF is now starting to throw off significant cash flow, enabling the company to fund growth internally, without the need for capital raises in the near future. A NASDAQ uplisting remains a possibility for 2022. Lisa explained how new patient contract growth is now “snowballing” - powered by expanded medicare and medicaid coverage and reimbursement amounts for virtual care services like RQHTF provides. RQHTF’s powerful iUGO telemedicine platform supports care coordination and community-based virtual healthcare, allows complex patients to receive high quality care at home, improving health outcomes, and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Watch Reliq Health Tech (OTC:RQHTF) (TSX.V:RHT) NEXT SUPER STOCK Video: https://bit.ly/3BcFkLi Robinhood Markets (NASDAQ: HOOD) CEO Vlad Tenev: “Investing in Crypto Trading Innovation” “..Looking back at Q2, we saw a huge interest in crypto, especially Doge leading to large numbers of new customers joining the platform and record revenues. In Q3, crypto activity came off record highs leading to fewer new funded accounts and lower revenue as expected. Historically, our growth has come in waves. The surges have come during periods of increased volatility or market events…” “...The community is really excited to see more features in our crypto offering. We hear this loud and clear. Our customers want new coins, the ability to deposit and withdraw, as well as ways to earn interest under crypto. And as we mentioned in the release, we're excited about crypto wallets. Over 1 million customers are on the wait-list for crypto wallets thus far and this is coming soon…Crypto wallets will allow customers to participate and take coins such as Bitcoin and Ethereum that they purchased on Robinhood to participate in some of the other decentralized applications off-platform which allow access to coins that we don't offer. So, we actually believe that by rolling out wallets we will go a long way towards addressing the primary pain point that customers feel right now.“...We've been investing a lot in the crypto team. The team started out a year ago as a fairly small team. They've done a lot of great work scaling the platform. And they've rolled out a lot of really exciting features so not just the wallet wait list, but also recurring and 24/7 phone support. And we're excited to keep innovating in this space and there's much more to come here…” Robinhood Markets (NASDAQ: HOOD) Earnings Highlights: https://bit.ly/3GHxrB4 WALL STREET REPORTER Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com . Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K About Wall Street Reporter’s Next Super Stock conference: Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/ CONTACT: WALL STREET REPORTER (212) 871-2057 ext 7 www.WallStreetReporter.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.
|
45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57
|
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:**
['Cryptocurrencies boomed in 2021, but Bitcoin\'s ( BTC-USD ) late year retrenchment left many investors unsure about the same returns in the new year. Buoyed by demand for non-fungible tokens (NFTs) and decentralized finance (DeFi), Ethereum ( ETH-USD ) and smaller cryptocurrencies ended up stealing the spotlight from Bitcoin . Its market capitalization, currently under 40%, is the second lowest it has ever been according to Trading View data. Trading around $47,300, Bitcoin is down 8% since last week and 31% lower than the all-time high it hit in November near $69,000. While hopes for Bitcoin $100,000 have been dashed in the short-term, bulls remain unflappable — and some aren’t afraid to double down on their predictions. “Short-term, there may be some volatility,” CryptosRus George Tung told Yahoo Finance on Monday. “Long-term, inflation is going to be a continuing issue, and bitcoin is seen as the best hedge against inflation at this point.” Samson Mow, chief strategy officer for Bitcoin software company Blockstream, was among those who predicted a move into six-figure territory. He insists the lofty water mark is still a real possibility. “We’ll see $100k within the first half of the year,” Mow told Yahoo Finance. He admitted that in the short-term Bitcoin will continue to perform like a risk-sensitive asset, fluctuating based on central banks and government policy, as well as broader shifts within the stock market. But "on a long enough time horizon, [Bitcoin] does its own thing," Mow added. Yields and volcanos His comments follow a similar prediction from El Salvador President turned Bitcoin evangelist , Nayib Bukele, who made a similar call over the weekend. Bukele predicted that two more countries will adopt Bitcoin as legal tender this year. \u200b\u200b 2022 predictions on #Bitcoin : •Will reach $100k •2 more countries will adopt it as legal tender •Will become a major electoral issue in US elections this year •Bitcoin City will commence construction •Volcano bonds will be oversubscribed •Huge surprise at @TheBitcoinConf — Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022 Recently, Blockstream and El Salvador made headlines, after Bukele and Mow unveiled a partnership to offer so-called “volcano bonds.” Story continues Half of this billion dollar sovereign debt offering will go towards financing “Bitcoin City,” an economic development project located in the Southern part of the country said to be a tax haven, that will also harvest nearby geothermal energy from a volcano to mine Bitcoin. Among other amenities, Mow said a “zero tax on everything” development zone will transform El Salvador into the “Singapore of Latin America.” While the bond isn’t available yet, Mow said Blockstream is working with a number of brokers. The other half of this U.S. dollar denominated 10-year bond offering will be converted into Bitcoin. The 10-year bond which reaches maturity in 2032, carries a coupon of 6.5%. While Mow admitted this novel sovereign security is far more popular with Bitcoin investors than the general investing public, he suggested institutions “starving for yield” will snap up the bonds. El Salvador’s bond offering follows the International Monetary Fund’s (IMF) warning as far back as June that making Bitcoin legal tender exposed the country to significant volatility risks. Yet like Bukele, Mow hinted at the possibility that in 2022 other countries — especially those involved in Bitcoin mining — will follow El Salvador’s move to make it legal tender. “For other countries, [Bitcoin] mining at the national utility level is the first step,” Mow added. Bitcoin mining operations attempt to generate revenue by acquiring Bitcoin at below market rates. Individual hobbyists and companies do this by contributing computing power to the token\'s decentralized payment network. Known as proof of work (POW), the system has never been hacked, but its high energy has drawn the ire of climate activists. While the Chinese government banned cryptocurrency mining in June of 2021, the industry has resurfaced in other countries including Canada, Iran, Germany, Malaysia, Russia and the United States, according to research compiled by the Cambridge Bitcoin Electricity Consumption Index (CBECI). \'Huge consequences\' How Bitcoin is used and who mines it can be tracked, but the process isn’t perfect. The asset’s payment rails allow observers to trace the flow of funds from different wallet addresses. And determining who owns any particular wallet address — whether it\'s a sovereign nation, corporation or individual — remains more art than science. A recent paper published by the National Bureau of Economic Research (NBER) shed some light on exactly who owns Bitcoin tokens. It found individual holdings are "highly concentrated," with the top 1000 investors controlling 3 million, or about 20%, of all Bitcoin in circulation. Antoinette Schoar, an MIT economist and one of the paper\'s authors, told Yahoo Finance said that this level of concentration undermines one of the key promises of cryptocurrencies: to democratize finance. "We know that just through selling and buying, one of these individuals can create massive amounts of volatility in Bitcoin, which as we\'ve seen has huge consequences," said Schoar. However, some Bitcoin investors dispute those findings — even as an analysis from blockchain analytics firm Glassnode found that the rising number of "whales" are indicative of institutional interest in crypto. David Hollerith covers cryptocurrency for Yahoo Finance. Follow him @dshollers . Read the latest financial and business news from Yahoo Finance Read the latest cryptocurrency and bitcoin news from Yahoo Finance Follow Yahoo Finance on Twitter , Instagram , YouTube , Facebook , Flipboard , and LinkedIn', 'Cryptocurrencies boomed in 2021, but Bitcoin\'s ( BTC-USD ) late year retrenchment left many investors unsure about the same returns in the new year. Buoyed by demand for non-fungible tokens (NFTs) and decentralized finance (DeFi), Ethereum ( ETH-USD ) and smaller cryptocurrencies ended up stealing the spotlight from Bitcoin . Its market capitalization, currently under 40%, is the second lowest it has ever been according to Trading View data. Trading around $47,300, Bitcoin is down 8% since last week and 31% lower than the all-time high it hit in November near $69,000. While hopes for Bitcoin $100,000 have been dashed in the short-term, bulls remain unflappable — and some aren’t afraid to double down on their predictions. “Short-term, there may be some volatility,” CryptosRus George Tung told Yahoo Finance on Monday. “Long-term, inflation is going to be a continuing issue, and bitcoin is seen as the best hedge against inflation at this point.” Samson Mow, chief strategy officer for Bitcoin software company Blockstream, was among those who predicted a move into six-figure territory. He insists the lofty water mark is still a real possibility. “We’ll see $100k within the first half of the year,” Mow told Yahoo Finance. He admitted that in the short-term Bitcoin will continue to perform like a risk-sensitive asset, fluctuating based on central banks and government policy, as well as broader shifts within the stock market. But "on a long enough time horizon, [Bitcoin] does its own thing," Mow added. Yields and volcanos His comments follow a similar prediction from El Salvador President turned Bitcoin evangelist , Nayib Bukele, who made a similar call over the weekend. Bukele predicted that two more countries will adopt Bitcoin as legal tender this year. \u200b\u200b 2022 predictions on #Bitcoin : •Will reach $100k •2 more countries will adopt it as legal tender •Will become a major electoral issue in US elections this year •Bitcoin City will commence construction •Volcano bonds will be oversubscribed •Huge surprise at @TheBitcoinConf — Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022 Recently, Blockstream and El Salvador made headlines, after Bukele and Mow unveiled a partnership to offer so-called “volcano bonds.” Story continues Half of this billion dollar sovereign debt offering will go towards financing “Bitcoin City,” an economic development project located in the Southern part of the country said to be a tax haven, that will also harvest nearby geothermal energy from a volcano to mine Bitcoin. Among other amenities, Mow said a “zero tax on everything” development zone will transform El Salvador into the “Singapore of Latin America.” While the bond isn’t available yet, Mow said Blockstream is working with a number of brokers. The other half of this U.S. dollar denominated 10-year bond offering will be converted into Bitcoin. The 10-year bond which reaches maturity in 2032, carries a coupon of 6.5%. While Mow admitted this novel sovereign security is far more popular with Bitcoin investors than the general investing public, he suggested institutions “starving for yield” will snap up the bonds. El Salvador’s bond offering follows the International Monetary Fund’s (IMF) warning as far back as June that making Bitcoin legal tender exposed the country to significant volatility risks. Yet like Bukele, Mow hinted at the possibility that in 2022 other countries — especially those involved in Bitcoin mining — will follow El Salvador’s move to make it legal tender. “For other countries, [Bitcoin] mining at the national utility level is the first step,” Mow added. Bitcoin mining operations attempt to generate revenue by acquiring Bitcoin at below market rates. Individual hobbyists and companies do this by contributing computing power to the token\'s decentralized payment network. Known as proof of work (POW), the system has never been hacked, but its high energy has drawn the ire of climate activists. While the Chinese government banned cryptocurrency mining in June of 2021, the industry has resurfaced in other countries including Canada, Iran, Germany, Malaysia, Russia and the United States, according to research compiled by the Cambr
**Last 60 Days of Bitcoin's Closing Prices:**
[61125.68, 61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-04
**Financial & Commodity Data:**
- Gold Closing Price: $1814.00
- Crude Oil Closing Price: $76.99
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $878,660,681,117
- Hash Rate: 177367872.71213505
- Transaction Count: 274544.0
- Unique Addresses: 680570.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Following in the footsteps ofVisaand a number of other mainstream players, SWIFT is the next to explore entering the tokenized asset space.
SWIFT is a global provider of secure financial messaging services and is the banking industry’s choice for interbank payments, corporate services, cash management, and compliance. In addition, SWIFT has dominant presence in securities, FX/Treasury, and trade finance.
According to SWIFT’s announcement, SWIFT will explore tokenized asset issuances and redemptions.
In the new year, SWIFT will look to undertake tests to explore its role in the tokenized asset space. While the total market cap of tokenized assets sits at just $2.4bn at present, tokenized asset adoption has risen sharply. For SWIFT, adoption by mainstream players and an estimated total market cap of as high as $24bn by 2027 are key considerations for entering the space.
As part of the announcement, SWIFT noted that banks and securities firms are already developing services that include fractionalization. Fractionalization breaks assets down into smaller value tokens. Financial market infrastructures are also embracing tokenization by supporting the full lifecycle of digital securities.
SWIFT’s 1stquarter goal is to explore the issuance, DVP, and redemption process. This is to support a frictionless and seamless tokenized asset market.
In considering SWIFT’s position and network, it is well placed to solve fragmentation and inefficiencies that could prevail in the space. It’s role within the tokenized asset space will rely on SWIFT’s strong identity and security frameworks and its global reach. SWIFT does not plan to become a crypto-custodian but support tokenized asset flows alongside traditional assets.
Clearstream,Northern Trust, SETL, SWIFT, and other industry participants are exploring the feasibility and benefits of SWIFT as an interconnector.
SWIFT’s vision is for instant and frictionless transactions not only applies to traditional securities instruments but also new asset classes.
Thisarticlewas originally posted on FX Empire
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• GameStop’s Stock Price Continues to Rally Following Crypto Adoption...
- 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.
|
43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70
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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:**
['Good morning. Here’s what’s happening: Market moves: Bitcoin continued to range, while ether turned to green. Technician’s take: Some price-chart indicators show the potential for a short-term BTC bounce if support holds. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin ( BTC ): $45,856 -1.25% ( ETH ): $3,790 +0.70% Markets S&P 500: 4,793 -0.063% DJIA: 36,799 +0.59% Nasdaq: 15,622 -1.33% Gold: $1,814 +0.60% Market moves Bitcoin continued to trade in a narrowed range during U.S. trading hours on Tuesday, while ether reversed Monday’s loss, turning to green. At the time of writing, bitcoin, the oldest cryptocurrency, was trading slightly above $46,000 little changed in the past 24 hours, according to data from TradingView and Coinbase. Data from blockchain data firm Glassnode shows that with bitcoin’s little movement, short-term holders are bearing most of the pain, which creates increased sell-side pressure. Credit: Glassnode The realized price, a metric that values each bitcoin at the time when it was last spent on the blockchain, of bitcoin’s short-term holders was trading at roughly $51,400, according to Glassnode vs. $24,400 and $17,700 for the overall market and long-term holders, respectively. Bitcoin’s short-term holders “on aggregate [are] underwater on their investment, and are the most likely to create sell-side resistance,” Glassnode wrote in its newsletter on Jan 3. Ether, meanwhile, recovered some losses yesterday, moving above $3,800 at the time of writing, according to data from TradingView and Coinbase. A few other layer 1 tokens also gained on Tuesday: Tokens of smart contract platforms such as Internet Computer, Cosmos, and Celo were among some of the biggest winners of the day, based on data from Messari. The de-correlation of alternative cryptocurrencies (altcoins) with bitcoin’s price may also put further pressure on bitcoin’s price, according to an analyst. “The bull case remains for bitcoin, but it will be a much harder year as many traders will also focus on altcoins,” Edward Moya, senior market analyst at OANDA, the Americas, wrote in his daily market update on Tuesday. Story continues Technician’s take Bitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce Bitcoin (BTC) was declining toward the $44,000-$45,000 support zone at the time of writing and is roughly flat over the past 24 hours. Indicators suggest a possible price bounce, albeit limited toward the $55,000 resistance level. BTC has been stuck in a month-long trading range after a near 20% crash in early December discouraged some buyers. Since then, the relative strength index ( RSI ) signaled a few oversold readings, although price gains have been muted compared to prior signals. Katie Stockton, managing partner at Fairlead Strategies , a technical research firm, also noticed counter-trend signals which typically precede a price bounce. A daily price close above $46,334 (at 8 p.m. ET) would confirm a positive signal, which would increase the possibility of a rise toward $55,644, according to Stockton. CoinDesk TV In case you missed it, here are the most recent episodes of “First Mover” on CoinDesk TV : Breaking Down Web 3., The Near Foundation, Kavita Gupta’s New Fund “First Mover” dove into Web 3, what it means to different blockchain leaders, and do their plans include Ethereum? Joining the show to discuss this major theme of 2022 were the Near Foundation’s new CEO, Marieke Flament, and Kavita Gupta, founder of the new Delta Blockchain Fund. Also, Ronnie Moas of Standpoint Research shared his crypto markets analysis. Latest Headlines CoinDesk Joins Court Case Seeking Access to NYAG Tether Documents Tether wants the state Supreme Court to stop the attorney general’s office from sharing documents requested by CoinDesk. CoinDesk is now a party to the proceedings. Nvidia Makes Its Metaverse-Building Software Free for Individual Creators The tech giant also added new features and partners to Omniverse, its real-time 3D design collaboration and virtual world simulation platform. Today’s crypto explainer: How to Invest in the Metaverse', 'Good morning. Here’s what’s happening:\nMarket moves:Bitcoin continued to range, while ether turned to green.\nTechnician’s take:Some price-chart indicators show the potential for a short-term BTC bounce if support holds.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis.\nBitcoin (BTC): $45,856 -1.25%\n(ETH): $3,790 +0.70%\nS&P 500: 4,793 -0.063%\nDJIA: 36,799 +0.59%\nNasdaq: 15,622 -1.33%\nGold: $1,814 +0.60%\nBitcoin continued to trade in a narrowed range during U.S. trading hours on Tuesday, while ether reversed Monday’s loss, turning to green.\nAt the time of writing, bitcoin, the oldest cryptocurrency, was trading slightly above $46,000 little changed in the past 24 hours, according to data from TradingView and Coinbase.\nData from blockchain data firm Glassnode shows that with bitcoin’s little movement, short-term holders are bearing most of the pain, which creates increased sell-side pressure.\nThe realized price, a metric that values each bitcoin at the time when it was last spent on the blockchain, of bitcoin’s short-term holders was trading at roughly $51,400, according to Glassnode vs. $24,400 and $17,700 for the overall market and long-term holders, respectively.\nBitcoin’s short-term holders “on aggregate [are] underwater on their investment, and are the most likely to create sell-side resistance,” Glassnode wrotein its newsletteron Jan 3.\nEther, meanwhile, recovered some losses yesterday, moving above $3,800 at the time of writing, according to data from TradingView and Coinbase.\nA few other layer 1 tokens also gained on Tuesday: Tokens of smart contract platforms such as Internet Computer, Cosmos, and Celo were among some of the biggest winners of the day, based on data from Messari.\nThe de-correlation of alternative cryptocurrencies (altcoins) with bitcoin’s price may also put further pressure on bitcoin’s price, according to an analyst.\n“The bull case remains for bitcoin, but it will be a much harder year as many traders will also focus on altcoins,” Edward Moya, senior market analyst at OANDA, the Americas, wrote in his daily market update on Tuesday.\nBitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce\nBitcoin (BTC) was declining toward the $44,000-$45,000 support zone at the time of writing and is roughly flat over the past 24 hours. Indicators suggest a possible price bounce, albeit limited toward the $55,000 resistance level.\nBTC has been stuck in a month-long trading range after a near 20% crash in early December discouraged some buyers. Since then, the relative strength index (RSI) signaled a few oversold readings, although price gains have been muted compared to prior signals.\nKatie Stockton, managing partner atFairlead Strategies, a technical research firm, also noticed counter-trend signals which typically precede a price bounce.\nA daily price close above $46,334 (at 8 p.m. ET) would confirm a positive signal, which would increase the possibility of a rise toward $55,644, according to Stockton.\nIn case you missed it, here are the most recent episodes of“First Mover”onCoinDesk TV:\n• Breaking Down Web 3., The Near Foundation, Kavita Gupta’s New Fund\n“First Mover” dove into Web 3, what it means to different blockchain leaders, and do their plans include Ethereum? Joining the show to discuss this major theme of 2022 were the Near Foundation’s new CEO, Marieke Flament, and Kavita Gupta, founder of the new Delta Blockchain Fund. Also, Ronnie Moas of Standpoint Research shared his crypto markets analysis.\nCoinDesk Joins Court Case Seeking Access to NYAG Tether DocumentsTether wants the state Supreme Court to stop the attorney general’s office from sharing documents requested by CoinDesk. CoinDesk is now a party to the proceedings.\nNvidia Makes Its Metaverse-Building Software Free for Individual CreatorsThe tech giant also added new features and partners to Omniverse, its real-time 3D design collaboration and virtual world simulation platform.\nToday’s crypto explainer:\n• How to Invest in the Metaverse', 'Good morning. Here’s what’s happening:\nMarket moves:Bitcoin continued to range, while ether turned to green.\nTechnician’s take:Some price-chart indicators show the potential for a short-term BTC bounce if support holds.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis.\nBitcoin (BTC): $45,856 -1.25%\n(ETH): $3,790 +0.70%\nS&P 500: 4,793 -0.063%\nDJIA: 36,799 +0.59%\nNasdaq: 15,622 -1.33%\nGold: $1,814 +0.60%\nBitcoin continued to trade in a narrowed range during U.S. trading hours on Tuesday, while ether reversed Monday’s loss, turning to green.\nAt the time of writing, bitcoin, the oldest cryptocurrency, was trading slightly above $46,000 little changed in the past 24 hours, according to data from TradingView and Coinbase.\nData from blockchain data firm Glassnode shows that with bitcoin’s little movement, short-term holders are bearing most of the pain, which creates increased sell-side pressure.\nThe realized price, a metric that values each bitcoin at the time when it was last spent on the blockchain, of bitcoin’s short-term holders was trading at roughly $51,400, according to Glassnode vs. $24,400 and $17,700 for the overall market and long-term holders, respectively.\nBitcoin’s short-term holders “on aggregate [are] underwater on their investment, and are the most likely to create sell-side resistance,” Glassnode wrotein its newsletteron Jan 3.\nEther, meanwhile, recovered some losses yesterday, moving above $3,800 at the time of writing, according to data from TradingView and Coinbase.\nA few other layer 1 tokens also gained on Tuesday: Tokens of smart contract platforms such as Internet Computer, Cosmos, and Celo wer
**Last 60 Days of Bitcoin's Closing Prices:**
[61527.48, 63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-05
**Financial & Commodity Data:**
- Gold Closing Price: $1824.60
- Crude Oil Closing Price: $77.85
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $867,741,053,850
- Hash Rate: 180987625.2164644
- Transaction Count: 272155.0
- Unique Addresses: 698013.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The shares ofMarathon Digital Holdings Inc (NASDAQ: MARA)are surging today, up 9.8% to trade at $45.91 at last check, as crypto stocks rebound alongside Bitcoin (BTC). The stock hasn't yet recovered its losses from Friday's 15.4% drop, however, its recent pullback has MARA pulling back to a historically bullish trendline.
More specifically, Marathon Digital stock has run into its 200-day moving average, after spending a significant period of time above it. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, three similar signals have occurred during the past three years. MARA enjoyed a positive one-month return in 100% of those cases, averaging an impressive 50.4% gain. From its current perch, a similar move would put the security back above the $69 level, putting it closer to its Nov. 9 six-year high of $83.45.
It's also worth noting that the security's Relative Strength Index (RSI) of 28 is in "oversold" territory. This means a short-term bounce is likely in the cards.
There is plenty of short-covering potential, too. Short interest represents 15.5% of the stock's available float. However, it's worth noting that the recent volatility has MARA on the Short Sale Restricted (SSR) list today.
The stock's Schaeffer's Volatility Index (SVI) of 129% stands higher than 21% of all other readings in its annual range, implying that options players are pricing in relatively lower volatility expectations than usual at the moment. Furthermore, the security'sSchaeffer's Volatility Scorecard(SVS) sits at a 99 out of 100, meaning MARA has exceeded these volatility expectations during the past year....
- Reddit Posts (Sample): [['u/Frognation777', 'Sunflowers farms is a total SCAM!! Be aware. DDOS attack on the network', 230, '2022-01-05 00:30', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/', 'The sunflower farm game is choking up the network for almost 3 days now. The gas from being 30gwei to 60 gwei to 200 gwei and now its way above 500 gwei. So I did some digging, is this game really this popular? The answer is NO, its a complete scam. Here is what I find: (I update this post often, please refresh the page ) 😊\n\n1. Look through their twitter page https://twitter.com/sunflowerfarmz?s=21 3 month old 53 tweets and 6000 followers. (The time I checked) most of their followers are bots, most of their posts were replied by bots with 0 followers. (And ppl ask them to fix gas fees 😂) Most of their tweets have very few engagement and likes. \n\n\n2. Their website listed their devs. But those devs don’t have social media accounts. The sunflower twitter account is not following any of their Devs teams, not strange? \n\n\n3. None of the polygon projects and active polygon eco-system accounts follows them. I mean if they are the most popular game on polygon how come no one wants to do business with them? \n\n\n4. On-chain data shows all their new farms are created by bots. Empty wallets with no other TXs. According to ppl in their discord channel, those bots farming the game token and dumping it in the market. \n\n\n5. Their token SSF is listed on coin Gecko. https://www.coingecko.com/en/coins/sunflower-farm is down 30% in the last 24 hour. The tokenomics (Details in EDIT2)\n\n\n6. Their token SSF has over 240,000 wallet holders, in comparison Dai has 340,000 wallet holders, wmatic has 220,000 wallet holders, popular coins like curve has 19,000 holders, WBTC has 21,000 holders, so you tell me sunflower coins is more popular than bitcoin? For a project less than a month old… I’m guessing those wallets were made by bots to farm SSF token. \n\n7. Their game don’t have a white paper. On their website, its said: “white paper coming soon”. None of the project’s smart contracts are audited nor verified. what could possibly go wrong? \n\n8. Those so called game devs didn’t even create their own gaming assets. Fair use sure. But the “game”is not made its bought. They just coded the game into the blockchain. https://danieldiggle.itch.io/sunnyside \n\n\n9. On the bottom of their website here is what is written:\n\n”You also agree that the team is presenting the token “as is” and is not required to provide any support or services. Trading platforms such as QuickSwap and OpenSea are driven by community members and are not under control of the Sunflower Farmers team. Always make sure that you are in compliance with your local laws and regulations before you make any purchase.”\n\nBasically, if you get rug pulled, Dev team don’t have responsibility. \n\nSide note: If you wanna know what a real gaming project looks like, check out aavegotchi, created by AAVE devs on polygon https://twitter.com/aavegotchi?s=21 \n\nYou can check their white paper on their website https://aavegotchi.com/ \n\n\nEDIT: If there is anything I missed, please correct me in the comments. \n\nEDIT2: As a user in the comment section details: there are a lot of similar games like this one in BSC, similar tokenomics which designed to reward early players and ppl who come in late will lose money. Works like a Ponzi scheme. It’s like those high APY degen yield farm, 4% daily return until the price of the coin reaches 0. (Remember TITAN? )\n\nUpdate: In sunflower farms discord channel, people are saying they paid 6 Matic , 9 Matic to save the game. It’s complete broken. (Some people say it’s a BUG in the game) \n\nAll of the above, I don’t think this project is legit. Their game design is like a DDOS attack. \n\nWhy I think its a DDoS attack?\n\n1. This game has no anti-cheat function, player can make as many accounts as they want and also program BOTS to do farming. \n\n2. Most everything you do in the game requires sending a TX. \n“Save” the game—TX (force to save every 25-30 mins)\ncreate a tool—TX \nuse a tool—TX (your tool break after 1 use)\nHarvest anything—TX\nUpgrade farm—TX\n\nThe game basically made endless bots to send useless TXs.', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/', 'rw7z7w', [['u/Vita-Malz', 158, '2022-01-05 00:50', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hra6f6y/', "It's really not relevant whether the game is legit or not. If a single entity can cause these issues then the network is far from what it promises to be: a solution to Eth gas issues. And there's still a long way to go.", 'rw7z7w'], ['u/TheOverBoss', 21, '2022-01-05 01:13', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hra9vhx/', "I mean it won't be positive attention if it's because a scam game clogged the network. People will dump this network if it's associated with scams.", 'rw7z7w'], ['u/Frognation777', 15, '2022-01-05 01:42', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrae0yo/', 'No. Decentralized means no absolute powers.', 'rw7z7w'], ['u/Minorous', 65, '2022-01-05 01:46', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hraeqsr/', "Proper observation and answer. If a stupid game can do that, then imagine 5 stupid games, doesn't look good on the network.", 'rw7z7w'], ['u/cryptolipto', 31, '2022-01-05 02:13', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hraim8k/', 'We will eventually need a rollup for every game I think', 'rw7z7w'], ['u/speakingcraniums', 13, '2022-01-05 02:40', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hramfoh/', "Bnb, a chain famous for it's scams, currently has a market cap about 70 bullion dollars more then polygon", 'rw7z7w'], ['u/Capuccini', 22, '2022-01-05 02:47', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrancy6/', 'Another topic missing the real point, the problem here is POLYGON not being able to handle that massive influx, not the underlying to that influx, so stop trying to defame the game with those superifical arguments.', 'rw7z7w'], ['u/Frognation777', 11, '2022-01-05 02:49', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hranpmi/', 'Did you hear yourself? You basically described a SCAM perfectly. It’s mind blowing. 🤑 “look at me, making $100 a day by spamming bots and whoever comes last lose all their money. “But as long as I’m making money it’s not a scam', 'rw7z7w'], ['u/niteshockers95', 12, '2022-01-05 02:53', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrao85d/', 'Bro riight i don’t understand all the FUD, BNB is more expensive gas & has 99.9% more scams 🤣', 'rw7z7w'], ['u/jestersimpps', 12, '2022-01-05 03:18', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrarwgb/', "i don't get it? why aren't we seeing this reflected in the tx chart?\n\nhttps://polygonscan.com/chart/tx", 'rw7z7w'], ['u/Captain_Banana_pants', 21, '2022-01-05 03:41', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrav633/', 'We need L3 to scale L2 which was supposed to scale L1 which was supposed to scale Bitcoin. Are we in a ponzi scheme ?', 'rw7z7w'], ['u/pcpLiu', 17, '2022-01-05 03:52', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrawp1b/', 'I believe a future that many app-specific chains + a layer-~~1~~0 chain. That’s the only long-term solution to resolve scalability.', 'rw7z7w'], ['u/SilentNSly', 12, '2022-01-05 04:01', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hraxz2a/', 'On YouTube, there seem to be a lot of videos made by different people of this game. Sadly, many seem to encourage multiple accounts to increase profits and also the usage of bots to automate this.\n\nI do not think there was any malicious intent. Just a bunch of people wanting to get rich easily.', 'rw7z7w'], ['u/SilentNSly', 20, '2022-01-05 04:18', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrb087a/', 'Polygon with its low gas fees as compared to Ethereum seems very susceptible to spammy games like this.\n\nTime to see how Polygon can scale.', 'rw7z7w'], ['u/xcalibre', 16, '2022-01-05 04:38', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrb2x3j/', 'P O L Y G O N C A S H', 'rw7z7w'], ['u/Crypto556', 14, '2022-01-05 04:51', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrb4niz/', 'It can be both though. We can acknowledge that the game is being spammed by bots while also acknowledging this one thing is clogging the network which it shouldn’t be doing', 'rw7z7w'], ['u/Bryansix', 11, '2022-01-05 07:39', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrbnk8h/', "If you make a YouTube video about botting a game, you are the definition of malicious. That's why you can't launch a game in today's age without an anti-cheat mechanism.", 'rw7z7w'], ['u/impraticalengineer', 26, '2022-01-05 17:08', 'https://www.reddit.com/r/0xPolygon/comments/rw7z7w/sunflowers_farms_is_a_total_scam_be_aware_ddos/hrd9uf5/', "Interesting post! Thanks for taking the time to research the project.\n\nI am Adam, the creator of this project. Please check my history for when I first shared this project with the reddit community....
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.
|
43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40
|
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:**
['BeInCrypto –\nBitcoin falls: Despite ending the year with an appreciation of more than 60%, Bitcoin (BTC) underwent major corrections and price drops in 2021. What goes up, must come down. And in bitcoin’s case, this was sometimes within the hour.\nThis storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto', 'BeInCrypto \x96 Bitcoin falls: Despite ending the year with an appreciation of more than 60%, Bitcoin (BTC) underwent major corrections and price drops in 2021. What goes up, must come down. And in bitcoin\x92s case, this was sometimes within the hour. This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto', 'BeInCrypto –\nBitcoin falls: Despite ending the year with an appreciation of more than 60%, Bitcoin (BTC) underwent major corrections and price drops in 2021. What goes up, must come down. And in bitcoin’s case, this was sometimes within the hour.\nThis storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto', 'Bitcoin (BTC) mining has been a major topic of debate in recent years. In 2021, the Chinese governmentbannedBitcoin (BTC) mining due to its impact on the environment. On Tuesday,news also hit the wiresof the Kosovo government banning all crypto mining due to an energy crisis. With Bitcoin (BTC) mining a lucrative business, miners could begin to feel the pinch should concerns over the impact on the environment begin to spread.\nIn July of last year, the Chinese government banned Bitcoin (BTC) mining. The decision to ban mining was not just because of the government’s stance on cryptos. China has a goal of becoming carbon neutral by 2060. Such is the impact of Bitcoin (BTC) mining on the environment that a ban was needed.\nConsidering energy consumption and climate impact, some key mining stats are worth considering:\n• According toColumbia Climate School, Bitcoin (BTC) is thought to consume 707KwH per transaction. In addition, there are also mining computers that heat up and need cooling.\n• The University of Cambridgeestimated that Bitcoin (BTC) mining consumes 121.36 terawatt-hours (TWh) per year. Based on this estimate, if Bitcoin were a country, it would be a top 30 energy consumer.\n• It is estimated that Bitcoin (BTC) mining yields 22m to 22.9m metric tons of CO2 emissions each year.\n• In terms of global warming, Bitcoin (BTC) mining could pushglobal warming above 2 degrees centigradein less than 3-decades.\nFor Bitcoin (BTC) mining, hashrates are the key metric. As a result of the upward price trend in Bitcoin (BTC) through 2021, hashrates were also on the rise.\nIn April 2021, Bitcoin’s (BTC) hashrate rose to an ATH 198.5m terahashes per second. At this time, China had yet to ban Bitcoin (BTC) mining. At the start of this year, however,news hit the wiresof the hashrate jumping to a new ATH 208m terahashes per second. This level was reached in spite of China’s ban on mining. While the Chinese government may have addressed its carbon footprint issue, the effects on global warming remain. Miners have simply relocated resources to mining friendly countries that include the U.S.\nOvernight,news hit the wiresof a U.S Congress sub-committee preparing a hearing to assess the impact of cryptos and mining on the environment.\nIt’s of little surprise that there are growing concerns over crypto mining and the impact on the environment. Late last year, there were numerous reports of the U.S becoming the largest Bitcoin (BTC) mining nation.\nAccording toCambridge Centre for Alternative Finance, the U.S accounted for 35.4% of the global hashrate in August 2021. In April 2021, the U.S had accounted for just 16.8%. China had accounted for 46% in April prior to the ban. This was down from as high as 75.5% back in September 2019.\nIn terms of the emissions, U.S greenhouse gas emissionsreportedlytotaled 6.6bn metric tons of CO2 in 2019. In 2020, U.S emissions had reportedly fallen to 4.7bn metric tonnes. For 2021, however,IHS Markitprojects a 7.6% increase in emissions to 5.1bn tonnes. While this sits well below the 2019 number, it is worth noting that global carbon emissions hit a record high in 2019… In 2019, global emissions had reportedly hit an ATH 36.7bn metric tonnes.\nWhile it may take time, an outright ban on Bitcoin (BTC) mining in the U.S is a feasible outcome. Whether other governments also step up to address the impact on the environment remains to be seen, however.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Exchange Rate Prediction – The Dollar Edge Higher on Strong Jobs Data\n• Silver Price Prediction – Prices Rise Slightly but Remain Rangebound\n• Florida’s Gubernatorial Candidate Accepts Cryptocurrency Donations\n• Gold Price Prediction – Prices Rose as Momentum Turns Positive\n• Natural Gas Price Prediction – Prices Rose Ahead of Inventory Report\n• Germany-based Miner Northern Data Reveals it Mined Over 600 BTC in 2021 Q4, Sees it Shares Rise', 'Bitcoin (BTC) mining has been a major topic of debate in recent years. In 2021, the Chinese government banned Bitcoin ( BTC ) mining due to its impact on the environment. On Tuesday, news also hit the wires of the Kosovo government banning all crypto mining due to an energy crisis. With Bitcoin (BTC) mining a lucrative business, miners could begin to feel the pinch should concerns over the impact on the environment begin to spread. Bitcoin Mining and the Numbers In July of last year, the Chinese government banned Bitcoin (BTC) mining. The decision to ban mining was not just because of the government\x92s stance on cryptos. China has a goal of becoming carbon neutral by 2060. Such is the impact of Bitcoin (BTC) mining on the environment that a ban was needed. Considering energy consumption and climate impact, some key mining stats are worth considering: According to Columbia Climate School , Bitcoin (BTC) is thought to consume 707KwH per transaction. In addition, there are also mining computers that heat up and need cooling. The University of Cambridge estimated that Bitcoin (BTC) mining consumes 121.36 terawatt-hours (TWh) per year. Based on this estimate, if Bitcoin were a country, it would be a top 30 energy consumer. It is estimated that Bitcoin (BTC) mining yields 22m to 22.9m metric tons of CO2 emissions each year. In terms of global warming, Bitcoin (BTC) mining could push global warming above 2 degrees centigrade in less than 3-decades. For Bitcoin (BTC) mining, hashrates are the key metric. As a result of the upward price trend in Bitcoin (BTC) through 2021, hashrates were also on the rise. In April 2021, Bitcoin\x92s (BTC) hashrate rose to an ATH 198.5m terahashes per second. At this time, China had yet to ban Bitcoin (BTC) mining. At the start of this year, however, news hit the wires of the hashrate jumping to a new ATH 208m terahashes per second. This level was reached in spite of China\x92s ban on mining. While the Chinese government may have addressed its carbon footprint issue, the effects on global warming remain. Miners have simply relocated resources to mining friendly countries that include the U.S. Story continues U.S Congress to Assess Bitcoin (BTC) Mining Environmental Impact Overnight, news hit the wires of a U.S Congress sub-committee preparing a hearing to assess the impact of cryptos and mining on the environment. It\x92s of little surprise that there are growing concerns over crypto mining and the impact on the environment. Late last year, there were numerous reports of the U.S becoming the largest Bitcoin (BTC) mining nation. According to Cambridge Centre for Alternative Finance , the U.S accounted for 35.4% of the global hashrate in August 2021. In April 2021, the U.S had accounted for just 16.8%. China had accounted for 46% in April prior to the ban. This was down from as high as 75.5% back in September 2019. In terms of the emissions, U.S greenhouse gas emissions reportedly totaled 6.6bn metric tons of CO2 in 2019. In 2020, U.S emissions had reportedly fallen to 4.7bn metric tonnes. For 2021, however, IHS Markit projects a 7.6% increase in emissions to 5.1bn tonnes. While this sits well below the 2019 number, it is worth noting that global carbon emissions hit a record high in 2019\x85 In 2019, global emissions had reportedly hit an ATH 36.7bn metric tonnes. While it may take time, an outright ban on Bitcoin (BTC) mining in the U.S is a feasible outcome. Whether other governments also step up to address the impact on the environment remains to be seen, however. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Exchange Rate Prediction \x96 The Dollar Edge Higher on Strong Jobs Data Silver Price Prediction \x96 Prices Rise Slightly but Remain Rangebound Florida\x92s Gubernatorial Candidate Accepts Cryptocurrency Donations Gold Price Prediction \x96 Prices Rose as Momentum Turns Positive Natural Gas Price Prediction \x96 Prices Rose Ahead of Inventory Report Germany-based Miner Northern Data Reveals it Mined Over 600 BTC in 2021 Q4, Sees it Shares Rise', 'Bitcoin (BTC) mining has been a major topic of debate in recent years. In 2021, the Chinese governmentbannedBitcoin (BTC) mining due to its impact on the environment. On Tuesday,news also hit the wiresof the Kosovo government banning all crypto mining due to an energy crisis. With Bitcoin (BTC) mining a lucrative business, miners could begin to feel the pinch should concerns over the impact on the environment begin to spread.\nIn July of last year, the Chinese government banned Bitcoin (BTC) mining. The decision to ban mining was not just because of the government’s stance on cryptos. China has a goal of becoming carbon neutral by 2060. Such is the impact of Bitcoin (BTC) mining on the environment that a ban was needed.\nConsidering energy consumption and clima
**Last 60 Days of Bitcoin's Closing Prices:**
[63326.99, 67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-06
**Financial & Commodity Data:**
- Gold Closing Price: $1788.70
- Crude Oil Closing Price: $79.46
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $821,858,215,855
- Hash Rate: 176161288.5440253
- Transaction Count: 264899.0
- Unique Addresses: 690161.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.15
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The metaverse presents a massive opportunity for blockchain technology and will result in the widespread adoption of cryptocurrencies for transactions, global head of thematic investment strategy at Bank of America Haim Israel said in an interview this week. The metaverse is defined on Wikipedia as a “hypothesized iteration of the internet, supporting persistent online 3-D virtual environments through conventional personal computing, as well as virtual and augmented reality headsets”. Current popular metaverse platforms require users to purchase cryptocurrency to participate in the platform’s virtual economy, where objects and even now virtual real estate can be bought and sold in the form of non-fungible tokens (NFTs). According to BoA’s Israel, “this is a massive, massive opportunity… You need the right platforms… that are definitely going to be a big opportunity for this entire ecosystem.” The metaverse is likely to drive a boom in development in the crypto world, the BoA strategist added, and “we’re going to start using cryptocurrencies as currencies”. However, Israel predicted that private tokens (such as Bitcoin, Ethereum etc.) would likely prove too volatile to fill this role. Rather, stable coins such as Tether and USD Coin would more likely prevail. As rising usage in the metaverse space brings cryptocurrencies into the mainstream, traditional payments companies will take note, Israel predicted, adding that he sees the room for “a lot of collaboration between the two”. Investors Taking Note of Metaverse Opportunities The financial opportunities presented by the metaverse have caught the eye of more than just one Wall Street bank. Earlier in the month, analysts at Morgan Stanely noted that the metaverse could fundamentally transform the way people socialise, watch performances, engage with brands, learn and trade/speculate on digital assets such as NFTs. According to cryptocurrency asset management Grayscale, whose assets under management (AUM) eclipsed $60B in November, the metaverse economy could be worth as much as $1T in the near future. Meanwhile, a recently released BoA report said that the metaverse economy could grow to $800B as soon as 2024. Story continues Virtual real estate sales have grabbed the headlines in recent weeks. On Tuesday, virtual real estate development firm Republic Realm said it had purchased land for $4.3M in the Sandbox virtual world. That comes after, Metaverse Group, a subsidiary of publicly-traded digital asset investment firm Tokens.com, announced last week that it had bought land in Decentraland’s virtual world for $2.4M. Token.com co-founder and CEO Andrew Kiguel told CoinDesk this week that “there are several popular metaverses that stand out and Metaverse Group owns NFT-based land parcels in several of them”. “Our investment returns will be based on the appreciation of the land we hold and also our ability to develop our land and rent it out to interested groups that want to establish a presence in the metaverse” he added. Metaverse-linked Cryptocurrencies Surging Growing metaverse hype, which was sent into overdrive at the end of October when Facebook announced its company name change to Meta to reflect its primary focus on bringing the metaverse into reality, is driving the value of metaverse-linked cryptocurrencies higher. SAND , the cryptocurrency used to transact in Sandbox’s virtual world, was worth under $0.70 at the start of October, but has since surged to more than $6.0 per token . Meanwhile, MANA , the cryptocurrency used to transact in Decentraland, which was also worth under $0.70 at the start of October, is currently worth around $4.50. Decentraland’s MANA has a current market capitalisation of around $8.0B, while Sandbox’s SAND is close to $6.0B, ranking them in 24 th and 39 th in terms of market cap in the crypto space. This article was originally posted on FX Empire More From FXEMPIRE: GBP/USD Daily Forecast – Support At 1.3280 Stays Strong Ethereum Tries To Rebound From Support At $4,535 Wholesale Inflation Drives the EUR Northwards ahead of U.S Jobless Claims NZD/USD Forex Technical Analysis – Trader Reaction to .6821 Pivot Sets the Tone; Major Risk Under .6773 Lululemon’s Q3 Earnings to Rise over 20%, Stock Is Well Worth Watching EUR/USD Daily Forecast – U.S. Dollar Stabilizes After Recent Volatility...
- Reddit Posts (Sample): [['u/Honeypalm', 'Reminder for new apes!', 128, '2022-01-06 00:00', 'https://www.reddit.com/r/amcstock/comments/rwzceh/reminder_for_new_apes/', "Don't mistake silence for absence. There are a ton of OG apes, February apes and even some whales lurking the depths of this sub. They may not be active as often as back when this all started popping off, but that should be expected. We've had all the info we need for a long time. The rocket has been loaded. Honestly, our best bet for a quick and steady launch is a whale corporation backing amc with huge purchases that we can supplement. \n\nI just wanted to remind you that a lot of us are still buying the ask whenever we can, and at the very least, 99% of us are still holding strong. It isn't your responsibility to drop every extra penny into this investment. Be smart. Plan for yourself. \nBut remember that we are in this together. Apes don't fight apes, and even though we are used to seeing shit fly, we stay grounded. \n\nThose with patience and courage will be rewarded handsomely. This has turned into a long game, but so have most things that started in the last couple years. Big changes that we won't see the end results of for years to come. I firmly believe AMC to be no exception. \n\nBitcoin was $1 in April of 2011. \nIt took ten years for it to reach under $30. I don't want to compare these companies too much, but just to illustrate what is possible despite ongoing blatant corruption inside and outside the market. \n\nBitcoin is currently down 5% today yet sits at $43,343.40 USD\n\nFundamentals? It's literally a virtual nonexistent currency, for one. \n\nThis isn't a pipe dream. Just make sure you're not sleeping on AMC when we take off for the stars.", 'https://www.reddit.com/r/amcstock/comments/rwzceh/reminder_for_new_apes/', 'rwzceh', [['u/4p3S70637h3r57r0n6', 11, '2022-01-06 00:02', 'https://www.reddit.com/r/amcstock/comments/rwzceh/reminder_for_new_apes/hrf2k1c/', 'Apes together strong!', 'rwzceh']]], ['u/fan_of_hakiksexydays', "We would still need to drop a lot more to end the overall bull cycle. In fact, we haven't dropped low enough yet. If we start to prematurely form a bottom now, it could mean much higher prices for the next leg up.", 72, '2022-01-06 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/rwzo32/we_would_still_need_to_drop_a_lot_more_to_end_the/', "In the last crash, the price of Bitcoin dropped all the way to $28K.\n\nThis time, after briefly reaching a new ATH, we dropped back into the $40Ks.\n\nWe have to see how low that goes.\n\n1- If $40Ks is the lowest we can go before the next leg up, that means we're getting some much higher lows in this phase, and the next high in the next leg could also be much higher.\n\n2- If we go into the $30Ks, we're still at higher lows, but not by that much. It means we're either still in the early phase of a bull market, or more likely, this bull market might be more tamed and not as dramatic.\n\n3- If we go below $28K, then that's game over. We're no longer in a bull market. And likely begun the crypto winter. That is, to crypto standards, and if we keep things in the context of this volatile market.\n\n​\n\nBut if you noticed what happened in the last few days, it took several days of testing $45K, and several tests, before finally being able to break through. So the bearish forces haven't exactly been cutting to lower price like butter.\n\nThey've had to increasingly grind through steel to break the next supports. Supports we used to be able to break below with much more ease. But not anymore.\n\nThat means there is a consensus forming for these higher prices. A sign that the market is slowly getting more bullish overall. And accepting higher prices as the norm.\n\nI wouldn't bet against crypto just yet.", 'https://www.reddit.com/r/CryptoCurrency/comments/rwzo32/we_would_still_need_to_drop_a_lot_more_to_end_the/', 'rwzo32', [['u/Real-Toe2749', 42, '2022-01-06 00:16', 'https://www.reddit.com/r/CryptoCurrency/comments/rwzo32/we_would_still_need_to_drop_a_lot_more_to_end_the/hrf4t6g/', 'You have a lot of moons, so I believe you', 'rwzo32'], ['u/Setyman', 12, '2022-01-06 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/rwzo32/we_would_still_need_to_drop_a_lot_more_to_end_the/hrf56sd/', "Thanks for the hopium. It's delicious.", 'rwzo32'], ['u/fan_of_hakiksexydays', 15, '2022-01-06 00:20', 'https://www.reddit.com/r/CryptoCurrency/comments/rwzo32/we_would_still_need_to_drop_a_lot_more_to_end_the/hrf5djn/', "I didn't claim which price point we were gonna hit.\n\nI'm just explaining what hitting those price points will tell us about the market.", 'rwzo32']]], ['u/whoppermeal21', 'Buying my first ever bitcoin to hold', 93, '2022-01-06 00:36', 'https://www.reddit.com/r/BitcoinBeginners/comments/rx06fw/buying_my_first_ever_bitcoin_to_hold/', 'So I’ve bought Bitcoin in the past but never crazy amounts just to buy some stuff but after doing math and finding out I would be a millionaire right now if I held I think it’s about time I get involved for real, I’m going to buy Bitcoin every month with the auto buys and since there’s a dip why not start now. \n\nI’m from the uk and currently only know about coinbase but the fees are extortionate so I’m wondering if there’s a better way, cheers!', 'https://www.reddit.com/r/BitcoinBeginners/comments/rx06fw/buying_my_first_ever_bitcoin_to_hold/', 'rx06fw', [['u/bitusher', 10, '2022-01-06 00:39', 'https://www.reddit.com/r/BitcoinBeginners/comments/rx06fw/buying_my_first_ever_bitcoin_to_hold/hrf8gqn/', 'slightly better rates with gemini active trader and they have free withdrawals \n\nhttps://www.gemini.com/areas-of-availability/united-kingdom', 'rx06fw'], ['u/BTCMachineElf', 19, '2022-01-06 03:05', 'https://www.reddit.com/r/BitcoinBeginners/comments/rx06fw/buying_my_first_ever_bitcoin_to_hold/hrfrszr/', "Switch to Coinbase Pro for lower fees. It's free. It's called 'Pro' because the interface is more advanced, not because it's a pay service.\n\nThe fees are lower because it's not a broker service; it's a proper exchange where you buy/sell from other users, not Coinbase itself.", 'rx06fw']]], ['u/gabbrielzeven', 'Bad Luck', 26, '2022-01-06 01:34', 'https://www.reddit.com/r/kadena/comments/rx1hma/bad_luck/', 'Every bullish news from kadena is followed by a very big bitcoin correction. \n\nWe have the worst luck. Still bullish. Keep buying!', 'https://www.reddit.com/r/kadena/comments/rx1hma/bad_luck/', 'rx1hma', [['u/Thenarza', 13, '2022-01-06 04:44', 'https://www.reddit.com/r/kadena/comments/rx1hma/bad_luck/hrg1g70/', 'Kda being down less than bitcoin is a huge sign of strength for anyone paying attention.', 'rx1hma'], ['u/Juggernaut_Bitch', 13, '2022-01-06 07:37', 'https://www.reddit.com/r/kadena/comments/rx1hma/bad_luck/hrgl7hz/', "Honestly, after seeing Polygon's scaling issues the last few days, I am more bullish than ever on Kadena.", 'rx1hma'], ['u/uk_tomo', 10, '2022-01-06 15:18', 'https://www.reddit.com/r/kadena/comments/rx1hma/bad_luck/hrhrp4g/', 'It’s inconceivable that anyones stance should change during a price correction. The market is red, two reasons during the start of the year. \n\n1 - the Fed opened their mouths again, which prompted the stock market algorithms to drop, caused big players and institutions to drop. Short term sell offs on the stock market but long term successes in what should be a conservative year compared to 2021\n\n2. Taxes. Start of the year, people get their finances in order. Regardless of country and month of tax returns it’s globally affected every January as people and institutions make their yearly plans and first moves \n\nWe can’t discuss KDA price, as every single moderator on every social outlet loves to remind us. However I can conclude only this \n\nIf you could go back in time and buy SOL at 3$, ETH at $40 or BTC at $80 - you would in a heartbeat\n\nThat is what KDA is right now. \n\nI DCA daily. I will for the next 3-4 years. Then I’ll decide what I want to do. Daily / weekly / monthly charts are absolutely irrelevant to me. I care about 2026 onwards. KDA have very kindly given me 4 years to accumulate as many as possible until that time \n\nRemember - the stomach must be stronger than the mind during the down days', 'rx1hma']]], ['u/Dunedune', 'Butt mining at heart of Kazakhstan popular revolt', 81, '2022-01-06 02:14', 'https://www.reddit.com/r/Buttcoin/comments/rx2cc4/butt_mining_at_heart_of_kazakhstan_popular_revolt/', '/r/france has gradually become staunchly anti-crypto. Today, the #2 post pointed the link between Bitcoin and the state of emergency in Kazakshtan:\n\nhttps://www.reddit.com/r/france/comments/rwwpec\n\nBelow is a translation:\n\n> Since last year, [Bitcoin has been banned in China (PRC)](https://fortune.com/2022/01/04/crypto-banned-china-other-countries/)\n\n> The miners then looked for a land of welcome, it was in part Kazakhstan, very willing, which was the great beneficiary. The country then became the second largest producer of hashrate in the world (totally disproportionate to their infrastructure).\n\n> The network didn\'t hold, the inhabitants had power cuts in the middle of winter. Except that [it is currently between -5 to -20°C](https://www.lachainemeteo.com/meteo-kazakhstan/pays-93/previsions-meteo-kazakhstan-vendredi)\n\n> Some examples of headlines from the last few months:\n\n> [Influx of crypto miners to Kazakhstan reportedly strains energy supply]\n(https://cointelegraph.com/news/influx-of-crypto-miners-to-kazakhstan-reportedly-strains-energy-supply)\n\n> [In the middle of winter, the power goes out in Kazakhstan... because of bitcoin](https://www.lefigaro.fr/secteur/high-tech/en-plein-hiver-le-courant-ne-passe-plus-au-kazakhstan-a-cause-du-bitcoin-20211201)\n\n> [A crunch in the country’s power supply has pushed the government to crack down on an energy-intensive industry it had once welcomed with open arms.](https://www.bloomberg.com/news/a...
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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41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88
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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 Chuck Mikolajczak\nNEW YORK (Reuters) - The dollar was on track for its biggest daily percentage drop in six weeks on Friday on the heels of the December U.S. jobs report that missed expectations, but it was still seen as strong enough to keep the Federal Reserve\'s tightening path intact.\nThe dollar index fell 0.546% at 95.734, and was poised for its biggest drop since Nov. 26, when concerns about the Omicron COVID-19 variant began to rattle markets. Even with Friday\'s weakness, the dollar was still on track for a slight weekly gain, its first in three weeks.\nThe Labor Department said nonfarm payrolls rose by 199,000 last month, well short of the 400,000 estimate. But analysts noted underlying data in the report appeared sturdier, with the unemployment rate falling to 3.9% against expectations of 4.1% while earnings rose by 0.6%, indicating tightness in the labor market.\nThe report also increased expectations the Fed will begin to hike interest rates at its March meeting, with futures on the federal funds rate implying a 90% chance of a hike, up from 80% on Wednesday.\n"While the headline might have fallen short of the consensus, the consensus doesn\'t matter much to the Fed. For them, this probably justifies their hawkish tilt," said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.\n"We\'ll have to see how whether they walk the walk of their hawkish talk, but the odds are rising for a rate hike in March or May and a balance sheet run-off beginning later next year."\nOn Wall Street the benchmark S&P 500SPX> was modestly lower, while the yield on the benchmark 10-year U.S. Treasury note touched 1.80%, its highest since January 2020.\nThe euro was up 0.62% to $1.1361 as it strengthened against the greenback in the wake of the payrolls report, after showing little reaction to data showing euro zone inflation rose to 5% in December.\nEuro zone policymakers have said they expect inflation to gradually slow down in 2022 and a rate hike will likely not be needed this year.\nThe Japanese yen strengthened 0.22% versus the greenback at 115.59 per dollar. The yen has taken the brunt of the damage while the greenback has strengthened recently, with the dollar hitting a five-year high versus the yen earlier this week.\nSterling was poised for its third straight weekly gain against the dollar and was last trading at $1.3592, up 0.47% on the day, even after data showed growth in Britain\'s construction sector cooled in December as the Omicron variant of coronavirus spread, nearly matching a two-month high reached on Wednesday.\nDespite the rapid spread of the Omicron variant, investors have increasingly viewed it as unlikely to derail the global economy or more aggressive actions by central banks.\nIn cryptocurrencies, Bitcoin last fell 2.96% to $41,822.60 after hitting a low of $40,600, its lowest since Sept. 22. Ethereum last fell 6.27% to $3,194.51, on track for a third straight daily decline, after touching its lowest level since Oct 1.\n(Reporting by Chuck Mikolajczak; Editing by Angus MacSwan and Richard Chang)', 'By Chuck Mikolajczak NEW YORK (Reuters) - The dollar was on track for its biggest daily percentage drop in six weeks on Friday on the heels of the December U.S. jobs report that missed expectations, but it was still seen as strong enough to keep the Federal Reserve\'s tightening path intact. The dollar index fell 0.546% at 95.734, and was poised for its biggest drop since Nov. 26, when concerns about the Omicron COVID-19 variant began to rattle markets. Even with Friday\'s weakness, the dollar was still on track for a slight weekly gain, its first in three weeks. The Labor Department said nonfarm payrolls rose by 199,000 last month, well short of the 400,000 estimate. But analysts noted underlying data in the report appeared sturdier, with the unemployment rate falling to 3.9% against expectations of 4.1% while earnings rose by 0.6%, indicating tightness in the labor market. The report also increased expectations the Fed will begin to hike interest rates at its March meeting, with futures on the federal funds rate implying a 90% chance of a hike, up from 80% on Wednesday. "While the headline might have fallen short of the consensus, the consensus doesn\'t matter much to the Fed. For them, this probably justifies their hawkish tilt," said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin. "We\'ll have to see how whether they walk the walk of their hawkish talk, but the odds are rising for a rate hike in March or May and a balance sheet run-off beginning later next year." On Wall Street the benchmark S&P 500SPX> was modestly lower, while the yield on the benchmark 10-year U.S. Treasury note touched 1.80%, its highest since January 2020. The euro was up 0.62% to $1.1361 as it strengthened against the greenback in the wake of the payrolls report, after showing little reaction to data showing euro zone inflation rose to 5% in December. Euro zone policymakers have said they expect inflation to gradually slow down in 2022 and a rate hike will likely not be needed this year. Story continues The Japanese yen strengthened 0.22% versus the greenback at 115.59 per dollar. The yen has taken the brunt of the damage while the greenback has strengthened recently, with the dollar hitting a five-year high versus the yen earlier this week. Sterling was poised for its third straight weekly gain against the dollar and was last trading at $1.3592, up 0.47% on the day, even after data showed growth in Britain\'s construction sector cooled in December as the Omicron variant of coronavirus spread, nearly matching a two-month high reached on Wednesday. Despite the rapid spread of the Omicron variant, investors have increasingly viewed it as unlikely to derail the global economy or more aggressive actions by central banks. In cryptocurrencies, Bitcoin last fell 2.96% to $41,822.60 after hitting a low of $40,600, its lowest since Sept. 22. Ethereum last fell 6.27% to $3,194.51, on track for a third straight daily decline, after touching its lowest level since Oct 1. (Reporting by Chuck Mikolajczak; Editing by Angus MacSwan and Richard Chang)', 'By Lawrence Delevingne\nBOSTON (Reuters) -U.S. stocks and Treasury yields were mixed on Friday as investors digested payroll data and its potential impact on Federal Reserve policy in the final session of an already roller-coaster first trading week of the year.\nU.S. employment rose by a less-than-expected 199,000 jobs last month as the impact of a resurgent pandemic bites, well below the 400,000 forecast by economists, but data for November was revised higher. The unemployment rate dropped to 3.9%, underscoring near full-employment.\n"Seasonal adjustments, diverging surveys, and a volatile economic environment made this report a mess," Barry Gilbert, a strategist at LPL Financial in Boston, wrote in a note. "It won’t divert the Fed from its current path, but any rate decision will be more focused on the data over the next several months."\nThe Dow Jones Industrial Average fell 4.81 points, or 0.01%, to 36,231.66, the S&P 500 lost 19.03 points, or 0.41%, to 4,677.02 and the Nasdaq Composite dropped 144.96 points, or 0.96%, to 14,935.90.\nTechnology and growth shares eased as investors remained worried about the U.S. interest rate outlook, while consumer discretionary and technology sectors led the way lower on the S&P 500; financials extended recent gains.\nIt had already been a confusing week for stocks. After a start to 2022 marked by new highs, the mood changed on Wednesday after minutes from the Fed\'s December meeting signaled the central bank may have to raise interest rates sooner than expected.\nWall Street steadied by Thursday evening, though analysts at ING bank said the minutes were still reverberating across markets, driving bond yields higher, hitting growth stocks and supporting the dollar.\nThe MSCI All Country stock index was flat at 743.52 points, down nearly 2% from a record high on Tuesday. In Europe, the STOXX index was off 0.4% at 486.3 points, also off about 1.6% from a record high on Tuesday.\nSUPPLY CONCERNS\nLonger-dated Treasury yields rose anew on Friday but shorter-term government bonds declined after the U.S. nonfarm payrolls report. Analysts said the data was solid enough to keep the Fed on track to raise interest rates at its March meeting - or sooner.\n"Today’s report should be eye-opening for the Fed as tight labor conditions are only going to exacerbate the building inflation problem," Charlie Ripley, senior investment strategist at Allianz Investment Management in Minneapolis, said. "It would be surprising if the Fed is not contemplating a faster removal of policy accommodation at the January meeting."\nThe yield on benchmark 10-year Treasury notes was last at 1.7673%, up from 1.7461% before the payrolls data.\nEuro zone inflation rose unexpectedly last month to 5% from 4.9% in November, a record high for the currency bloc, though unlike the Fed, the European Central Bank says prices will ease enough this year to avoid the need for rate hikes.\nThe dollar was on track for its biggest daily percentage drop in six weeks on the heels of the jobs report seen as strong enough to keep the Fed\'s tightening path intact.\nThe dollar index fell 0.53% at 95.750, and was poised for its biggest drop since Nov. 26, when concerns about the Omicron COVID-19 variant began to rattle markets. Even with Friday\'s weakness, the dollar was still on track for a slight weekly gain, its first in three weeks.\nOil prices settled lower as the market weighed supply concerns from the unrest in Kazakhstan and outages in Libya against the mixed U.S. jobs report and its potential impact on Federal Reserve policy.\nU.S. crude fell 0.52% to $79.05 per barrel and Brent was at $81.90, down 0.11% on the day, partially erasing gains earlier in the week. [O/R]\nSpot gold st
**Last 60 Days of Bitcoin's Closing Prices:**
[67566.83, 66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2022-01-07
**Financial & Commodity Data:**
- Gold Closing Price: $1797.00
- Crude Oil Closing Price: $78.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $815,953,624,726
- Hash Rate: 168921783.5353667
- Transaction Count: 255381.0
- Unique Addresses: 667941.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.18
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The government of El Salvador bought 100 more bitcoin, President Nayib Bukeletweetedon Friday, while the price of the largest cryptocurrency by market cap fell near $54,000.
• “El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said on Twitter.
• Bitcoin price fell about 8% on Friday around $54,237 asbroader markets tumbled fear related to the newly discovered COVID-19 variant.
• Bitcoinofficiallybecame legal tender in El Salvador in September, three months after the country’s legislature passed the Bitcoin Law.
• On Nov. 20, during a presentation at Bitcoin Week in El Salvador,Bukele said the country is going to build an entire city based on 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.
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41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55
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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:**
['It’s been a particularly bearish start to the year for Bitcoin (BTC) and the broader market. As bullish BTCprice predictionsfor 2022 hit the news at the turn of the year, a New Year’s Day rally had provided hope.\nThe 1stJanuary rally, however, was an outlier in what has been an active 1stweek of the year on the news front.\nA marked increase in regulatory chatter and activity coupled with FED monetary policy have hit the markets early in the year.\nOn Wednesday, the FED released its FOMC meeting minutes from the December meeting. Catching the markets off-guard, Committee members talked of the need to lift rates sooner to curb inflation. There was also the talk of needing to begin reducing the balance sheet.\nBitcoin (BTC)slumped by 2.7%within the first hour of the FOMC meeting minutes being released. On the day, Bitcoin (BTC) ended the day down by 5.19% and things were not much better elsewhere.\nRipple’sXRPfell by 5.92%, with Litecoin (LTC) and Ethereum (ETH) seeing losses of 7.59% and 6.50% respectively on Wednesday.\nAhead of the FOMC meeting minutes that caused a market stir, regulatory chatter and activity had also tested crypto market support.\nAt the turn of the year,news hit the wiresof Indian tax authorities searching 6 exchanges on suspicion of tax evasion. There was alsonewsof a U.S Congress sub-committee preparing to hold a hearing on the impact of crypto mining on the environment.\nAll of this, coupled with thetalkof a global regulatory framework and theSEC lawsuitagainst Ripple Lab delivered early pressure.\nOn Friday, Bitcoin (BTC) fell by 3.61% to end the day at $41,548. It was a 6thconsecutive day in the red and left Bitcoin (BTC) down 10% for the first 7-days of the year. The early pullback has been in stark contrast to the first week of 2021, when Bitcoin (BTC) had surged by 36%.\nKey through the Friday session was avoiding a return to sub-$40,000 levels. Finding support at $40,500, Bitcoin (BTC) ended the day at $41,000 levels.\nHaving seen red for 6 days in a row, avoiding a return to Friday’s low $40,750 will be key. For the bulls, a move back through Friday’s high $43,136 would be needed to avoid further losses.\nAt the time of writing, Bitcoin (BTC) was down by 0.61% to $41,799.\nEthereum (ETH) slid by 6.08%, to lead way down on Friday. Bucking the trend at the start of the year, however, has been Chainlink (LINK). Following a 1.85% gain on Friday, Chainlink (LINK) is up 33% year-to-date.Newsof an Ethereum (ETH) whale purchasing $4.6m worth of LINK has contributed to the upside. Chainlink’s (LINK)decentralized oracle networkcontinues to draw interest, contributing to this week’s gains.\nAt the time of writing, Chainlink (LINK) was up by 1.31% to $26.29. A breakout from Wednesday’s high $27.45 would bring $30 levels into play, last struck in mid-November. A pullback to sub-$20 levels, however, would test support at December’s low $15.38.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 07/01/22\n• S&P 500 Price Forecast – S&P 500 Pulled Back to 50 Day EMA\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Testing Major Support at 15567.25 – 15284.00\n• Silver Price Prediction – Prices Rebound on Stronger Hourly Earnings\n• EUR/USD Mid-Session Technical Analysis for January 7, 2022\n• USD/CAD Daily Forecast – U.S. Dollar Retreats After Disappointing Non Farm Payrolls Report', 'It\x92s been a particularly bearish start to the year for Bitcoin ( BTC ) and the broader market. As bullish BTC price predictions for 2022 hit the news at the turn of the year, a New Year\x92s Day rally had provided hope. The 1 st January rally, however, was an outlier in what has been an active 1 st week of the year on the news front. A marked increase in regulatory chatter and activity coupled with FED monetary policy have hit the markets early in the year. Monetary Policy On Wednesday, the FED released its FOMC meeting minutes from the December meeting. Catching the markets off-guard, Committee members talked of the need to lift rates sooner to curb inflation. There was also the talk of needing to begin reducing the balance sheet. Bitcoin (BTC) slumped by 2.7% within the first hour of the FOMC meeting minutes being released. On the day, Bitcoin (BTC) ended the day down by 5.19% and things were not much better elsewhere. Ripple\x92s XRP fell by 5.92%, with Litecoin ( LTC ) and Ethereum ( ETH ) seeing losses of 7.59% and 6.50% respectively on Wednesday. Regulator Activity Ahead of the FOMC meeting minutes that caused a market stir, regulatory chatter and activity had also tested crypto market support. At the turn of the year, news hit the wires of Indian tax authorities searching 6 exchanges on suspicion of tax evasion. There was also news of a U.S Congress sub-committee preparing to hold a hearing on the impact of crypto mining on the environment. All of this, coupled with the talk of a global regulatory framework and the SEC lawsuit against Ripple Lab delivered early pressure. Bitcoin Price Action On Friday, Bitcoin (BTC) fell by 3.61% to end the day at $41,548. It was a 6 th consecutive day in the red and left Bitcoin (BTC) down 10% for the first 7-days of the year. The early pullback has been in stark contrast to the first week of 2021, when Bitcoin (BTC) had surged by 36%. Key through the Friday session was avoiding a return to sub-$40,000 levels. Finding support at $40,500, Bitcoin (BTC) ended the day at $41,000 levels. Story continues Having seen red for 6 days in a row, avoiding a return to Friday\x92s low $40,750 will be key. For the bulls, a move back through Friday\x92s high $43,136 would be needed to avoid further losses. At the time of writing, Bitcoin (BTC) was down by 0.61% to $41,799. Elsewhere Ethereum (ETH) slid by 6.08%, to lead way down on Friday. Bucking the trend at the start of the year, however, has been Chainlink ( LINK ). Following a 1.85% gain on Friday, Chainlink (LINK) is up 33% year-to-date. News of an Ethereum (ETH) whale purchasing $4.6m worth of LINK has contributed to the upside. Chainlink\x92s (LINK) decentralized oracle network continues to draw interest, contributing to this week\x92s gains. At the time of writing, Chainlink (LINK) was up by 1.31% to $26.29. A breakout from Wednesday\x92s high $27.45 would bring $30 levels into play, last struck in mid-November. A pullback to sub-$20 levels, however, would test support at December\x92s low $15.38. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review \x96 07/01/22 S&P 500 Price Forecast \x96 S&P 500 Pulled Back to 50 Day EMA E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis \x96 Testing Major Support at 15567.25 \x96 15284.00 Silver Price Prediction \x96 Prices Rebound on Stronger Hourly Earnings EUR/USD Mid-Session Technical Analysis for January 7, 2022 USD/CAD Daily Forecast \x96 U.S. Dollar Retreats After Disappointing Non Farm Payrolls Report', 'It’s been a particularly bearish start to the year for Bitcoin (BTC) and the broader market. As bullish BTCprice predictionsfor 2022 hit the news at the turn of the year, a New Year’s Day rally had provided hope.\nThe 1stJanuary rally, however, was an outlier in what has been an active 1stweek of the year on the news front.\nA marked increase in regulatory chatter and activity coupled with FED monetary policy have hit the markets early in the year.\nOn Wednesday, the FED released its FOMC meeting minutes from the December meeting. Catching the markets off-guard, Committee members talked of the need to lift rates sooner to curb inflation. There was also the talk of needing to begin reducing the balance sheet.\nBitcoin (BTC)slumped by 2.7%within the first hour of the FOMC meeting minutes being released. On the day, Bitcoin (BTC) ended the day down by 5.19% and things were not much better elsewhere.\nRipple’sXRPfell by 5.92%, with Litecoin (LTC) and Ethereum (ETH) seeing losses of 7.59% and 6.50% respectively on Wednesday.\nAhead of the FOMC meeting minutes that caused a market stir, regulatory chatter and activity had also tested crypto market support.\nAt the turn of the year,news hit the wiresof Indian tax authorities searching 6 exchanges on suspicion of tax evasion. There was alsonewsof a U.S Congress sub-committee preparing to hold a hearing on the impact of crypto mining on the environment.\nAll of this, coupled with thetalkof a global regulatory framework and theSEC lawsuitagainst Ripple Lab delivered early pressure.\nOn Friday, Bitcoin (BTC) fell by 3.61% to end the day at $41,548. It was a 6thconsecutive day in the red and left Bitcoin (BTC) down 10% for the first 7-days of the year. The early pullback has been in stark contrast to the first week of 2021, when Bitcoin (BTC) had surged by 36%.\nKey through the Friday session was avoiding a return to sub-$40,000 levels. Finding support at $40,500, Bitcoin (BTC) ended the day at $41,000 levels.\nHaving seen red for 6 days in a row, avoiding a return to Friday’s low $40,750 will be key. For the bulls, a move back through Friday’s high $43,136 would be needed to avoid further losses.\nAt the time of writing, Bitcoin (BTC) was down by 0.61% to $41,799.\nEthereum (ETH) slid by 6.08%, to lead way down on Friday. Bucking the trend at the start of the year, however, has been Chainlink (LINK). Following a 1.85% gain on Friday, Chainlink (LINK) is up 33% year-to-date.Newsof an Ethereum (ETH) whale purchasing $4.6m worth of LINK has contributed to the upside. Chainlink’s (LINK)decentralized oracle networkcontinues to draw interest, contributing to this week’s gains.\nAt the time of writing, Chainlink (LINK) was up by 1.31% to $26.29. A breakout from Wednesday’s high $27.45 would bring $30 levels into play, last struck in mid-November. A pullback to sub-$20 levels, however, would test support at December’s low $15.38.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 07/01/22\n• S&P 500 Price Fo
**Last 60 Days of Bitcoin's Closing Prices:**
[66971.83, 64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-08
**Financial & Commodity Data:**
- Gold Closing Price: $1797.00
- Crude Oil Closing Price: $78.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $785,849,376,184
- Hash Rate: 174242949.24269608
- Transaction Count: 223920.0
- Unique Addresses: 591014.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.10
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Binance has announced its plans to expand its services to the United Kingdom within the next 6 18 months. The company CEO, Changpeng Zhao, made this known in a conversation with the Telegraph . Binance Wants to Extend to U.K CZ stated that this could happen despite the regulatory challenges that the crypto exchange faces in the U.K. In June, Binance license to operate in the country was revoked by the U.K.s Financial Conduct Authority (FCA) as part of its wide regulatory crackdown on crypto exchanges. For Binance to operate in the U.K., the company must meet the money laundering and terrorism financing standards, something it has failed to achieve as its headquarters remain unknown. But Zhao stated that the company might consider setting up a specific subsidiary for its U.K. operations similar to what it did with Binance.US. The CEO mentioned that Binance had hired some ex-regulatory staff in the U.K. who are familiar with the terrain and will help in its bid to get an FCA license. It has also hired several compliance people as it seeks to meet regulatory standards in various countries. Binance Battles With Regulators Binance, which is one of the largest crypto exchanges globally , has faced a plethora of challenges from regulators over the past few months. This is a result of concerted efforts of regulators to ensure that crypto companies abide by all compliance standards. Without a doubt, Binance needs to improve its relationship with regulators amidst the global concerns about its service. There have been several allegations of market manipulation, which the company has vigorously denied. But multiple jurisdictions such as Germany, South Korea, and Malaysia continue to pressure it. Binance announced in September that its Australian users have to close their positions for leverage tokens, options, and futures within 90 days amidst the increased regulatory concerns. It also previously stopped derivatives trading for users in Germany, Netherlands, and Italy as part of its efforts to suspend these products in Europe. Story continues In October, Binance employed the former head of international relations for Dubai Financial Services Authority (DFSA) to serve as its chief regulatory officer. This was intended to enable better relations between the exchange and international regulators. This article was originally posted on FX Empire More From FXEMPIRE: FedEx Q2 Earnings To Come In Below Consensus, Says Morgan Stanley GBP/JPY Price Forecast British Pound Continues to Hover Around ¥150 Crypto Market Today: Bitcoin and Ether Plunge, ADA Approaches Key Support USD/CAD Daily Forecast Canadian Dollar Gains Ground As Oil Continues To Rebound Mariah Carey-Backed Music Platform Launches Crypto Token S&P 500 Price Forecast S&P 500 Hovers in Basing Pattern...
- 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.
|
41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63
|
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:**
['Back in late July 2018, Bitcoin (BTC) saw red for 7 consecutive days. The 7-day sell-off continued through to 4thAugust 2018 before a 1-day modest gain briefly paused the correction. Bitcoin (BTC) has not seen a 7-day losing streak since.\nThe 7-day pullback in 2018 saw Bitcoin (BTC) slide 17%, peak-to-trough. Further losses that followed eventually saw Bitcoin (BTC) flatten out at $3,200 levels in December 2018 before finding support.\nThat correction, start to finish saw Bitcoin (BTC) tumble by 61% before “The Breakout”. It was some breakout, which culminated in Bitcoin (BTC) hitting $64,800 levels in April 2021.\nAfter having coughed up 61%, the extended rally delivered a 1,916% return, trough to peak. It’s worth noting that Bitcoin (BTC) fell for 6 consecutive months before the start of the breakout. Bitcoin (BTC) is currently facing the prospects of a 3-month losing streak, one that could be compared to the April thru June 2021 pullback.\nSince the 2018 reversal, largely driven by a marked pickup in regulatory chatter and activity, the crypto market has evolved. We have seen greater adoption and, more importantly, there is an acceptance that cryptocurrencies are here to stay.Talks of bubbles and comparisons to Dutch tulipshave become infrequent.\nThere does appear to be one common theme between the pullback of 2018 and the current correction, however. At the turn of the year, we have seen a marked pickup inregulator chatter and activity.\nUnlikely 2018, however, the market is also contending with COVID-19, inflation and a hawkish FED that is looking to curb inflationary pressures that it had once considered transitory.\nThe days of free money may be coming to an end but by historical standards it will take a considerable amount of time for the FED to return cash rates to “normal” levels.\nAt present, the Federal Funds Rate sits at just 0.08%. Looking at theFOMC Economic Projectionsfrom the December 2021 meeting, the median forecast for the FED Funds Rate is 0.9% for 2022 and 1.6% for 2023. The bigger question is, therefore, whether it is the prospects of a 0.9% FED Funds Rate that is hurting the market or chatter from regulators… The Economic Projections have the longer run rate at 2.5%.\nOn Saturday, Bitcoin (BTC) rose by 0.34% to end the day at $41,687. Once more, Bitcoin (BTC) found support at $40,500 to avoid a first visit to sub-$40,000 levels since September 2021.\nMore significantly, Bitcoin (BTC) also avoided matching the 7-day losing streak from back in 2018. Bitcoin (BTC) tumbled by 13.5% in the 6 days to Friday’s close. While this may be a sizeable correction in the global equity markets, Bitcoin (BTC) investors have faced worse. On 12th March 2020, Bitcoin (BTC) slumped by 39%.\nWith support kicking in at $40,500 levels, a move back through to $45,000 levels should shift sentiment. Key near-term, however, is avoiding sub-$40,000 levels. Such an outcome could see the investors begin to make comparisons to the 2018 sell-off.\nAt the time of writing, Bitcoin (BTC) was down by 0.25% to $41,583.\nThisarticlewas originally posted on FX Empire\n• The Week Ahead – Central Bank Chatter, COVID-19, and Stats from China and the U.S Key\n• USD/CAD Daily Forecast – U.S. Dollar Retreats After Disappointing Non Farm Payrolls Report\n• EUR/USD Mid-Session Technical Analysis for January 7, 2022\n• Bitcoin (BTC) and the Broader Crypto Market Sink Again as Investor Jitters over FED Policy Lingers\n• PayPal Inches Closer to Launching its very own Stablecoin\n• Hong Kong-based Coinsuper Users Can’t Withdraw Funds', 'Back in late July 2018, Bitcoin ( BTC ) saw red for 7 consecutive days. The 7-day sell-off continued through to 4 th August 2018 before a 1-day modest gain briefly paused the correction. Bitcoin (BTC) has not seen a 7-day losing streak since. The 7-day pullback in 2018 saw Bitcoin (BTC) slide 17%, peak-to-trough. Further losses that followed eventually saw Bitcoin (BTC) flatten out at $3,200 levels in December 2018 before finding support. That correction, start to finish saw Bitcoin (BTC) tumble by 61% before \x93The Breakout\x94. It was some breakout, which culminated in Bitcoin (BTC) hitting $64,800 levels in April 2021. After having coughed up 61%, the extended rally delivered a 1,916% return, trough to peak. It\x92s worth noting that Bitcoin (BTC) fell for 6 consecutive months before the start of the breakout. Bitcoin (BTC) is currently facing the prospects of a 3-month losing streak, one that could be compared to the April thru June 2021 pullback. Bitcoin (BTC) 2022 Since the 2018 reversal, largely driven by a marked pickup in regulatory chatter and activity, the crypto market has evolved. We have seen greater adoption and, more importantly, there is an acceptance that cryptocurrencies are here to stay. Talks of bubbles and comparisons to Dutch tulips have become infrequent. There does appear to be one common theme between the pullback of 2018 and the current correction, however. At the turn of the year, we have seen a marked pickup in regulator chatter and activity . Unlikely 2018, however, the market is also contending with COVID-19, inflation and a hawkish FED that is looking to curb inflationary pressures that it had once considered transitory. The days of free money may be coming to an end but by historical standards it will take a considerable amount of time for the FED to return cash rates to \x93normal\x94 levels. At present, the Federal Funds Rate sits at just 0.08%. Looking at the FOMC Economic Projections from the December 2021 meeting, the median forecast for the FED Funds Rate is 0.9% for 2022 and 1.6% for 2023. The bigger question is, therefore, whether it is the prospects of a 0.9% FED Funds Rate that is hurting the market or chatter from regulators\x85 The Economic Projections have the longer run rate at 2.5%. Story continues Bitcoin (BTC) Price Action On Saturday, Bitcoin (BTC) rose by 0.34% to end the day at $41,687. Once more, Bitcoin (BTC) found support at $40,500 to avoid a first visit to sub-$40,000 levels since September 2021. More significantly, Bitcoin (BTC) also avoided matching the 7-day losing streak from back in 2018. Bitcoin (BTC) tumbled by 13.5% in the 6 days to Friday\x92s close. While this may be a sizeable correction in the global equity markets, Bitcoin (BTC) investors have faced worse. On 12th March 2020, Bitcoin (BTC) slumped by 39%. With support kicking in at $40,500 levels, a move back through to $45,000 levels should shift sentiment. Key near-term, however, is avoiding sub-$40,000 levels. Such an outcome could see the investors begin to make comparisons to the 2018 sell-off. At the time of writing, Bitcoin (BTC) was down by 0.25% to $41,583. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead \x96 Central Bank Chatter, COVID-19, and Stats from China and the U.S Key USD/CAD Daily Forecast \x96 U.S. Dollar Retreats After Disappointing Non Farm Payrolls Report EUR/USD Mid-Session Technical Analysis for January 7, 2022 Bitcoin (BTC) and the Broader Crypto Market Sink Again as Investor Jitters over FED Policy Lingers PayPal Inches Closer to Launching its very own Stablecoin Hong Kong-based Coinsuper Users Can\x92t Withdraw Funds', 'Back in late July 2018, Bitcoin (BTC) saw red for 7 consecutive days. The 7-day sell-off continued through to 4thAugust 2018 before a 1-day modest gain briefly paused the correction. Bitcoin (BTC) has not seen a 7-day losing streak since.\nThe 7-day pullback in 2018 saw Bitcoin (BTC) slide 17%, peak-to-trough. Further losses that followed eventually saw Bitcoin (BTC) flatten out at $3,200 levels in December 2018 before finding support.\nThat correction, start to finish saw Bitcoin (BTC) tumble by 61% before “The Breakout”. It was some breakout, which culminated in Bitcoin (BTC) hitting $64,800 levels in April 2021.\nAfter having coughed up 61%, the extended rally delivered a 1,916% return, trough to peak. It’s worth noting that Bitcoin (BTC) fell for 6 consecutive months before the start of the breakout. Bitcoin (BTC) is currently facing the prospects of a 3-month losing streak, one that could be compared to the April thru June 2021 pullback.\nSince the 2018 reversal, largely driven by a marked pickup in regulatory chatter and activity, the crypto market has evolved. We have seen greater adoption and, more importantly, there is an acceptance that cryptocurrencies are here to stay.Talks of bubbles and comparisons to Dutch tulipshave become infrequent.\nThere does appear to be one common theme between the pullback of 2018 and the current correction, however. At the turn of the year, we have seen a marked pickup inregulator chatter and activity.\nUnlikely 2018, however, the market is also contending with COVID-19, inflation and a hawkish FED that is looking to curb inflationary pressures that it had once considered transitory.\nThe days of free money may be coming to an end but by historical standards it will take a considerable amount of time for the FED to return cash rates to “normal” levels.\nAt present, the Federal Funds Rate sits at just 0.08%. Looking at theFOMC Economic Projectionsfrom the December 2021 meeting, the median forecast for the FED Funds Rate is 0.9% for 2022 and 1.6% for 2023. The bigger question is, therefore, whether it is the prospects of a 0.9% FED Funds Rate that is hurting the market or chatter from regulators… The Economic Projections have the longer run rate at 2.5%.\nOn Saturday, Bitcoin (BTC) rose by 0.34% to end the day at $41,687. Once more, Bitcoin (BTC) found support at $40,500 to avoid a first visit to sub-$40,000 levels since September 2021.\nMore significantly, Bitcoin (BTC) also avoided matching the 7-day losing streak from back in 2018. Bitcoin (BTC) tumbled by 13.5% in the 6 days to Friday’s close. While this may be a sizeable correction in the global equity markets, Bitcoin (BTC) investors have faced worse. On 12th March 2020, Bitcoin (BTC) slumped by 39%.\nWith s
**Last 60 Days of Bitcoin's Closing Prices:**
[64995.23, 64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-09
**Financial & Commodity Data:**
- Gold Closing Price: $1797.00
- Crude Oil Closing Price: $78.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $788,963,588,981
- Hash Rate: 170826076.6426718
- Transaction Count: 210143.0
- Unique Addresses: 568134.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto – The government of Zimbabwe dismissed reports that it was planning to adopt bitcoin as legal tender. Many critics following the developments say this doesn’t come as a surprise. This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto...
- Reddit Posts (Sample): [['u/JohnniePeters', "Are you seeing what I'm seeing on the daily?", 123, '2022-01-09 00:27', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/', "Is nobody seeing what I'm seeing on the daily? \nI think today and tomorrow are crucial. If we bounce back a little further for BTC then a it looks to me that leveraged bears gonna get rekt. Am I missing something or does nobody see this? \n\nStill people really think we're gonna see 2018-2019-2020 all over again? Or like $0,10 for an XRP, ADA? 10K for a Bitcoin? I don't think so. Too much adoption already, not in the least to mention the insane increase in institutional money since that time. I also feel a but like the real alt-season never took really off. And if we look at the BTC and ETH dominance on the market we see they fell below the 60% dominance mark which is highly supportive. Particularly at this moment.\n\nWhat do you think, let me know.", 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/', 'rzd8gy', [['u/Yee-braw', 314, '2022-01-09 00:29', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruaui4/', 'Therapist: Is "Crypto" in the room with us right now?', 'rzd8gy'], ['u/steveblobby', 66, '2022-01-09 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrube6t/', "Yes... He's right there, next to Monero...", 'rzd8gy'], ['u/syxxnein', 50, '2022-01-09 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrubgcb/', "I'm predicting no one knows shit about fuck", 'rzd8gy'], ['u/Spear-of-Stars', 133, '2022-01-09 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrucar1/', 'The market is simply dipping out of respect to the Bogdanoff twins, like a flag at half mast.', 'rzd8gy'], ['u/coinsRus-2021', 98, '2022-01-09 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruczke/', 'Tell you what though, need to watch out for the scam coins in times like these. One someone just shilled me: \n\n- 27 trillion in circulation\n- unlimited supply cap\n- only 1 node\n- 25% of supply minted in last 6 months\n- 1% of holders own 30% \n\nO wait that’s the USD', 'rzd8gy'], ['u/JohnniePeters', 10, '2022-01-09 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrud1ni/', 'May they rest in peace. \nAnd my they not screw us over in heaven.', 'rzd8gy'], ['u/stiviki', 17, '2022-01-09 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrue2ia/', 'Dollar is the ultimate sh\\*tcoin!', 'rzd8gy'], ['u/padizzledonk', 18, '2022-01-09 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruem2j/', 'It is?\n\nThen you can send me all of your dollars then', 'rzd8gy'], ['u/sisyqhus88', 13, '2022-01-09 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruez91/', 'what I see is that forces are desperately trying to keep eth above $3000 .', 'rzd8gy'], ['u/steveblobby', 17, '2022-01-09 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrufmfn/', "Of course! He's right next to the invisible man...", 'rzd8gy'], ['u/Veridiyus', 10, '2022-01-09 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrug9ev/', 'All people see is a sea of red, I see a sea of opportunities', 'rzd8gy'], ['u/Bduken_2190', 11, '2022-01-09 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrugoqg/', 'I’d send you mine but they’re all tied up in other sh*t coins. Sorry', 'rzd8gy'], ['u/steveblobby', 10, '2022-01-09 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruheb5/', 'Update... Tragically, Monero has fell overboard, dragging the invisible man with him. Again.', 'rzd8gy'], ['u/Odysseus_Lannister', 33, '2022-01-09 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruhrof/', 'We should pamp to honor them', 'rzd8gy'], ['u/d3s7roy3r', 34, '2022-01-09 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruiopb/', 'Let\'s stop pretending we know what will happen and stop with the "this time is different" posts.\n\nWe could resume the bull run or we could keep bleeding for a long time.\n\nCrypto is a highly speculative asset class with little use case at the moment. It has also never existed in a period of prolonged financial instability. If there is an economic crisis, you can bet that a 10k BTC is very likely.', 'rzd8gy'], ['u/denimglasses1', 18, '2022-01-09 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrujlwu/', 'We are currently consolidating, building up to the pamp of all time. The ultimate respect to ths twins', 'rzd8gy'], ['u/Plastic-Club-5497', 14, '2022-01-09 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrukh4j/', '“Give me all your coins and I will give them back with great returns, trust me bro” - banks', 'rzd8gy'], ['u/ripple_mcgee', 14, '2022-01-09 02:48', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruuozg/', "There is a fat buy wall in the 2900-3000 range. Dips below 3k will be instantly bought. It's going to take some serious FUD to bust that support.\n\nGood resource, combined exchange order book eth-usd. https://www.coinglass.com/merge/ETH-USD\n\nEdit. Also there is a pretty thick sell wall at 3100-3200. Tough nut to crack. Might be range bound for a bit.", 'rzd8gy'], ['u/GloriousGibbons', 26, '2022-01-09 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hruybk5/', 'These next few seconds are critical.', 'rzd8gy'], ['u/Blacky05', 17, '2022-01-09 03:48', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrv3232/', 'High adoption across society. Institutional investment. Backing of the regulators. Completely private for transactions you can fit in a briefcase.\n\nThere are still some things keeping it useful.', 'rzd8gy'], ['u/satuuurn', 16, '2022-01-09 05:18', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrvf1qm/', 'Best explanation I’ve seen. The crypto market is in mourning. *sad damp noises*', 'rzd8gy'], ['u/kschulz_', 20, '2022-01-09 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrvg2a7/', 'The markets will oscillate between $42,069 and $69,420\n\n!remind me 2 months', 'rzd8gy'], ['u/ripple_mcgee', 10, '2022-01-09 08:25', 'https://www.reddit.com/r/CryptoCurrency/comments/rzd8gy/are_you_seeing_what_im_seeing_on_the_daily/hrvyucq/', 'Crack.', 'rzd8gy']]], ['u/STRATEGY510', 'Can’t Access Nano S - Old Firmware', 13, '2022-01-09 01:27', 'https://www.reddit.com/r/ledgerwallet/comments/rzel9n/cant_access_nano_s_old_firmware/', 'Hi, I’m stupid. So I have a Nano S with old firmware from years ago. It has btc, eth & dash on it. Haven’t plugged it in for years and can’t find my recovery phrase (!). I do have my pin and can access the ledger. When I try to connect it to Ledger Live, it says I need to update my firmware. It also says to remove all my wallets. Don’t want to do that obviously. What other options to do I have? Ideally I want to sent my crypto to another wallet temporary, reset the device, get a new recovery phrase, then send it back.\n\nIs this possible? I tried Electrum using the “use a hardware device” option, but I get “error getting device infos” message.\n\nPlease help, my son’s medical bills are piling up and I need to sell some btc.\n\nI’ve had this thing tucked away along with a book that has the phrase, which I can’t find (and why my name is Stupid). But I do have my pin and hoping there’s a solution for this. I did find something in the Ledgers menu about a “temporary pass phrase” but since I don’t know what I’m doing I’m holding off on that for now (there’s also an “attach to pin” option)\n\nPlease help, thanks.', 'https://www.reddit.com/r/ledgerwallet/comments/rzel9n/cant_access_nano_s_old_firmware/', 'rzel9n', [['u/McBUMMERS', 12, '2022-01-09 03:07', 'https://www.reddit.com/r/ledgerwallet/comments/rzel9n/cant_access_nano_s_old_firmware/hruxerm/', "You've been given some very risky advice in this thread.\nTo attempt to update firmware WITHOUT finding your seed words carries the risk that the update fails and your device is reset/bricked.\nThe odds might be low, but if you have a decent amount in there it's not worth the risk.\nSpend the time looking for that book.\nIf that doesn't work, there is a company you can work with who in the past have custom rigged wallets to work with your old ledger.\nTheir service won't be free though.", 'rzel9n']]], ['u/Whalewithdowns7', "A thread about Fantom and why I'm SO bullish", 75, '2022-01-09 01:37', 'https://www.reddit.com/r/FantomFoundation/comments/rzet4s/a_thread_about_fantom_and_why_im_so_bullish/', "$FTM. Current MCap: $5.8b. Current price: $2.36. Fantom is a proof-of-stake L1 with a focus on DeFi. Here’s a thread with my thoughts on why number go up in 2022.\n\n​\n\nNetwork: speed, power, usability:\n\n· One of the fastest TTF (time to finality) of any L1 (1s now, faster in the future).\n\n· DAG based, Deterministic finality, Lachesis consensus mechanism.\n\n· Extremely cheap transactions, 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.
|
41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33
|
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-USD) has consolidated at approximately $49,000 (£36,480), as other traders liquidate their positions, the following top 10 investors see an opportunity to “buy the dip”.\nBitcoin has fallen by nearly 20% in December and a cloud of uncertainty has fallen upon investors.\nDiamond hands are showing cracks and the much-touted crypto-Christmas sell-off looks close to becoming a reality.\nHowever, the following major investors are not falling victim to mass selling pressure and see opportunities when charts turn red.\nSaylor is the chief of Microstrategy, which has invested heavily in bitcoin since August 2020. After the crypto flash crash on 5 December, Saylor announced that MicroStrategy had purchased $82.4m worth of bitcoin, amounting to 1,434 bitcoins. This brings the total number of bitcoin held on MicroStrategy\'s balance sheet to 122,478. On 15 December Saylor posted a Christmas message on Twitter advising; “If you are in need of a holiday gift, bitcoin is on sale.”\nPresident Bukele was the architect ofEl Salvador’s bitcoin experimentthat went live on 7 September. Immediately after the cryptocurrency was made legal tender in the Central American nation the price of bitcoin crashed. Media naysayers relished the opportunity to criticise Bukele who instead doubled down and kept “buying the dip”.\nRead more:How El Salvador\'s bitcoin adoption could empty it of its US dollar reserves\nBukele’s dollar-cost averaging with Salvadoran taxpayers\' money throughout the leaner weeks in September eventually paid off as the price of bitcoin soon began to increase. Bitcoin then reached a new all-time high of $69,000, driven in no small part by fiat currency inflation. After the early December bitcoin flash crash, Bukele has not changed his approach. To celebrate the hour of 21:00 on 21 December he tweeted that his government had bought 21 bitcoins, saying, “and we are buying 21 bitcoin for the occasion”.\nMax Keiser remains ever bullish on bitcoin. He told Yahoo Finance: “In 2021 bitcoin outperformed everything again and will continue to do so for the next 100 years. In 2022, bitcoin will dethrone gold and change the world forever.”\nRead more:Bitcoin: 2021 in 12 charts\nAt the Miami Bitcoin 2021 conference in early June, the vocal proponent of bitcoin met Michael Saylor on stage and shouted his now famous: "We\'re not selling, f**k Elon", in reference to Musk\'s tweets that caused a rupture in the crypto-market.\nThe Winklevoss twins began their investment in bitcoin early in its development. In 2013 the brothers claimed they owned approximately $11m worth of bitcoin through their company, Winklevoss Capital. The brothers have been buying bitcoin since 2013 and reportedly own 1% of bitcoin in circulation.\nWinklevoss has recently given advice to those forecasting a prolonged fall and considering shorting bitcoin. He recently tweeted: “Bitcoin has now ‘died’ more than 435 times, thoughts and prayers to all of the shorts out there. It must have been a tough road these last 10 years. The next 10 years won\'t be any easier. Just a hint.”\nSilbert is the founder of the Digital Currency Group which manages the Grayscale Bitcoin Trust. The company has invested in more than 165 blockchain and cryptocurrency-related companies. Grayscale holds 654,600 bitcoin on behalf of institutional investors. In late November, investment bank Morgan Stanley bought the dip to top up their total of 6.5 million of Grayscale\'s bitcoin shares, now worth over $300m.\nMusk caused cryptocurrency markets to crash when he tweeted that he had fallen out of love with bitcoin on 4 June. He had put a broken heart emoji next to “bitcoin”. However, Tesla has reportedly purchased $1.5bn in bitcoin in 2021.\nRead more:Elon Musk: Tesla founder\'s top tweets of 2021 that moved markets and crypto\nIn late October, Musk reaffirmed his conviction in bitcoin when he tweeted: “Out of curiosity, I acquired some ascii hash strings called “Bitcoin, ethereum & doge”. That’s it.”\nHedge fund manager Paul Tudor Jones has highlighted that bitcoin is undervalued. He bought bitcoin in 2020 and throughout 2021. In 2020 he was one of the only hedge fund managers to hold a bullish sentiment towards bitcoin. In mid-2020 he claimed bitcoin was undervalued. At the time he bought bitcoin as a hedge against inflation. He has added to his crypto position, and in October told CNBC: “Clearly, there’s a place for crypto, clearly, it’s winning the race against gold at the moment.”\nIn September when bitcoin was in bearish momentum, Novogratz spoke to CNBC to say that he was not worried about market sell-offs and that red chart signs were a "buy-the-dip" opportunity.\nRead more:Do bitcoin charts foretell an impending crash in 2022?\nWood’s investment company has been buying into the tech-driven bull market since 2014. In September, Ark Next Generation Internet exchange-traded fund (ARKW) added bitcoin to its prospectus for clients, via Canadian ETFs. Several bitcoin ETFs have been launched in Canada throughout 2021. Speaking to Yahoo Finance in October she said: "Bitcoin is a new global monetary system. It is a rules-based monetary policy. It is completely decentralised it is a hedge against the whims of policymakers."\nRead more:Philip Hammond: Big finance\'s move into crypto is unstoppable\nRecently Twitter’s (TWTR) Jack Dorsey posted an image on Twitter warning the profits and power promised in the Web 3.0 revolution could be funnelled into the hands of Silicon Valley venture capitalists. In the image that was posted a water pipe feeding profits into the mouths of greedy venture capitalists had an ethereum logo on it.\nRead more:Blockchain: Exploring the building blocks of Web 3.0\nThis began a Twitter row where the outspoken bitcoin maximalist was forced to defend his vilification of ethereum (ETH-USD). On 23 December Dorsey tweeted: “I’m not anti ETH. I’m anti-centralized, VC-owned, a single point of failure, and corporate-controlled lies. If your goal is anti-establishment, I promise you it isn’t ethereum. Don’t believe or trust me! Just look at the fundamentals.”\nDorsey later showed his backing for bitcoin by claiming it will eventually replace the US dollar. Singer Cardi B asked him earlier this week if bitcoin would ever replace the dollar, he answered, "yes, it will".', 'Bitcoin (BTC-USD) has consolidated at approximately $49,000 (£36,480), as other traders liquidate their positions, the following top 10 investors see an opportunity to “buy the dip”.\nBitcoin has fallen by nearly 20% in December and a cloud of uncertainty has fallen upon investors.\nDiamond hands are showing cracks and the much-touted crypto-Christmas sell-off looks close to becoming a reality.\nHowever, the following major investors are not falling victim to mass selling pressure and see opportunities when charts turn red.\nSaylor is the chief of Microstrategy, which has invested heavily in bitcoin since August 2020. After the crypto flash crash on 5 December, Saylor announced that MicroStrategy had purchased $82.4m worth of bitcoin, amounting to 1,434 bitcoins. This brings the total number of bitcoin held on MicroStrategy\'s balance sheet to 122,478. On 15 December Saylor posted a Christmas message on Twitter advising; “If you are in need of a holiday gift, bitcoin is on sale.”\nPresident Bukele was the architect ofEl Salvador’s bitcoin experimentthat went live on 7 September. Immediately after the cryptocurrency was made legal tender in the Central American nation the price of bitcoin crashed. Media naysayers relished the opportunity to criticise Bukele who instead doubled down and kept “buying the dip”.\nRead more:How El Salvador\'s bitcoin adoption could empty it of its US dollar reserves\nBukele’s dollar-cost averaging with Salvadoran taxpayers\' money throughout the leaner weeks in September eventually paid off as the price of bitcoin soon began to increase. Bitcoin then reached a new all-time high of $69,000, driven in no small part by fiat currency inflation. After the early December bitcoin flash crash, Bukele has not changed his approach. To celebrate the hour of 21:00 on 21 December he tweeted that his government had bought 21 bitcoins, saying, “and we are buying 21 bitcoin for the occasion”.\nMax Keiser remains ever bullish on bitcoin. He told Yahoo Finance: “In 2021 bitcoin outperformed everything again and will continue to do so for the next 100 years. In 2022, bitcoin will dethrone gold and change the world forever.”\nRead more:Bitcoin: 2021 in 12 charts\nAt the Miami Bitcoin 2021 conference in early June, the vocal proponent of bitcoin met Michael Saylor on stage and shouted his now famous: "We\'re not selling, f**k Elon", in reference to Musk\'s tweets that caused a rupture in the crypto-market.\nThe Winklevoss twins began their investment in bitcoin early in its development. In 2013 the brothers claimed they owned approximately $11m worth of bitcoin through their company, Winklevoss Capital. The brothers have been buying bitcoin since 2013 and reportedly own 1% of bitcoin in circulation.\nWinklevoss has recently given advice to those forecasting a prolonged fall and considering shorting bitcoin. He recently tweeted: “Bitcoin has now ‘died’ more than 435 times, thoughts and prayers to all of the shorts out there. It must have been a tough road these last 10 years. The next 10 years won\'t be any easier. Just a hint.”\nSilbert is the founder of the Digital Currency Group which manages the Grayscale Bitcoin Trust. The company has invested in more than 165 blockchain and cryptocurrency-related companies. Grayscale holds 654,600 bitcoin on behalf of institutional investors. In late November, investment bank Morgan Stanley bought the dip to top up their total of 6.5 million of Grayscale\'s bitcoin shares, now worth over $300m.\nMusk caused cryptocurrency markets to crash when he tweeted that he had fallen out of love with bitcoin on 4 June. He had put a broken heart emoji next to “bit
**Last 60 Days of Bitcoin's Closing Prices:**
[64949.96, 64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-10
**Financial & Commodity Data:**
- Gold Closing Price: $1798.40
- Crude Oil Closing Price: $78.23
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $792,279,032,292
- Hash Rate: 172037609.10113046
- Transaction Count: 266743.0
- Unique Addresses: 672264.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin (BTC) dipped below initial support at $45,000 on Wednesday, but later stabilized around $42,000, which is near the Dec. 5 crash low. Oversold signals remain intact, which suggest selling pressure could subside.
Given the series of lower price highs since November, support ranges and oversold readings are viewed ascountertrend. This lowers the probability of significant buying strength until the downtrend is reversed.
There is strong resistance ahead which could limit upside moves over the short term. For example, price momentum turned negative on the monthly chart, indicating a possible trend shift from bullish to bearish.
Further, bitcoin remains stuck below key moving averages and is roughly 35% below its all-time high around $69,000.
The cryptocurrency is down about 8% over the past week as buyers failed to sustain a break above $50,000....
- 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.
|
42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42
|
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 Milwaukee Bucks (26-16) play against the Charlotte Hornets (19-19) at Spectrum Center Game Time: 7:00 PM EST on Monday January 10, 2022 Milwaukee Bucks 34, Charlotte Hornets 35 (Q2 04:25) What’s the buzz on Twitter? Charlotte Hornets @ hornets 🉑🉑🉑 @PJ Washington | @drpepper pic.twitter.com/dfHbvFSH7a – 7:46 PM Eric Nehm @ eric_nehm Bucks have hit two of the three 3s they’ve attempted in the second quarter and opened the second quarter on a 12-4 run. Hornets still lead, 32-31, though with 7:05 left in the first half. – 7:46 PM Spencer Percy @ QCHspencer Miles power on full display here. Goes right through Portis + finishes in Giannis traffic. pic.twitter.com/Fsk9Q1CNyD – 7:45 PM Omari Sanfoka II @ omarisankofa That dunk was Cade’s first made bucket. Missed his first five shots. He’s been in a bit of a slump since the Milwaukee game last week – 7:44 PM Jim Owczarski @ JimOwczarski Neither team is shooting it particularly well from behind the three-point line, so the #Hornets have taken a 32-21 lead thanks in part to a 18-10 edge in paint scoring. – 7:44 PM Milwaukee Bucks @ Bucks Jordan from the corner. 👌 pic.twitter.com/dH1nWCfBrO – 7:39 PM Milwaukee Bucks @ Bucks Plenty to build off of. pic.twitter.com/77YVrGQRPe – 7:35 PM Eric Nehm @ eric_nehm After one quarter, the Hornets lead, 28-19. The Bucks are 3-of-16 from the 3-point line thus far. Advanced Stats: OffRtg: 70.4 DefRtg: 103.7 Net Rtg: -33.3 ORB%: 0.0% DRB%: 73.3% – 7:34 PM James Plowright @ British_Buzz Hornets played some of their best defense of the season for the second half of that quarter. Forced 5TOs in the quarter, gave up 0 offensive rebounds and forced a lot of contested shots. That’s the blueprint, they can do it (When Giannis is on the bench) – 7:34 PM Andy Larsen @ andyblarsen Jazz up 35-21 after 1Q. How did this Pistons team beat the Bucks? – 7:34 PM Charlotte Hornets @ hornets Picking up right where we left off… #AllFly pic.twitter.com/ogv6veqZG0 – 7:33 PM Rod Boone @ rodboone End of first Q: #Hornets 28, Bucks 19 – 7:32 PM Jim Owczarski @ JimOwczarski The basket by Sandro Mamukelashvili stopped a 16-0 #Hornets run during which the #Bucks went 0-for-9. – 7:31 PM Spencer Percy @ QCHspencer These non-Giannis mins off to another awful start for Milwaukee. pic.twitter.com/b0aPBKavIe – 7:31 PM Rod Boone @ rodboone Terry Rozier feeling it. Has 11 points in the first quarter. No hesitation whatsoever. #Hornets are on a 18-2 run, lead 28-19. – 7:30 PM Jim Owczarski @ JimOwczarski #Bucks promptly miss their next five shots and the #Hornets go on an 8-0 run and Darvin Ham calls for time. Charlotte up 18-17 w/ 3:58 left in the first half. – 7:26 PM Story continues James Plowright @ British_Buzz The impact Giannis has on the game defensively even when he doesn’t touch the ball is incredible. Both Bridges and Hayward are constantly second guessing what they do as they’re worried he’s lurking – 7:26 PM Charlotte Hornets @ hornets Right place at the right time 👌 @Terry Rozier | #NBAAllStar | @HornetsOnBally pic.twitter.com/aIrOsllyjY – 7:24 PM Jim Owczarski @ JimOwczarski Some #Hornets fans were not pleased with their team’s ball movement on that possession, which led to a #Bucks foul i.e. “Shoot it!” – 7:23 PM Rod Boone @ rodboone First player(s) off the bench tonight: PJ Washington and Cody Martin. – 7:23 PM James Plowright @ British_Buzz Melo looks to be sitting in the middle of the Hornets zone, exactly where Giannis likes to get it. Looks like an adjustment from Saturday, Giannis was catching it in the middle too easily and Melo reads entry passes so well for deflections – 7:22 PM Jim Owczarski @ JimOwczarski Pat Connaughton subs in for Giannis Antetokounmpo. #Bucks up 17-14. – 7:21 PM Jim Owczarski @ JimOwczarski Donte DiVincenzo is tonight’s sixth man for the #Bucks , in for Jordan Nwora. – 7:20 PM Jim Owczarski @ JimOwczarski Khris Middleton has passed David Wesley and Rudy Gay for 95th all-time on the NBA made three-pointers list. #Bucks – 7:19 PM Eric Nehm @ eric_nehm Floater from Khris Middleton gives the Bucks a 17-10 lead with 7:09 left in the first quarter and James Borrego takes a timeout. After a 1-of-11 performance (3pts) in 31 minutes on Saturday, Jordan Nwora has already hit two of his three shots and tallied five points tonight. – 7:18 PM Jim Owczarski @ JimOwczarski #Bucks start out 7-for-10 from the floor (3-for-6 from behind the three-point line) and Khris Middleton and Jordan Nwora have five points apiece. Milwaukee up 17-10 early. – 7:17 PM Milwaukee Bucks @ Bucks Giannis coming out strong to start. 💪 pic.twitter.com/j9pnYt2PsJ – 7:17 PM Jim Owczarski @ JimOwczarski The other day, Giannis Antetokounmpo was talking about how hard he throws some passes and Gordon Hayward took one off the face. – 7:14 PM Eric Nehm @ eric_nehm Giannis Antetokounmpo with a big two-hand slam to get the Bucks scoring started tonight. – 7:12 PM Jim Owczarski @ JimOwczarski Giannis Antetokounmpo has now tied Glenn Robinson for first on the #Bucks all-time games started list at 558. – 7:10 PM Eric Nehm @ eric_nehm Bucks-Hornets (again). pic.twitter.com/Ejb6dtuASF – 7:10 PM Jim Owczarski @ JimOwczarski Different officiating crew tonight for #Bucks – #Hornets . We’ll see if we can get through the first half in less than 2.5 hours. – 7:09 PM Adam Spolane @ AdamSpolane Seth Curry won’t play for the Sixers tonight, but when asked about coaching him in Dallas Stephen Silas told a great story about the time he worked Seth out with Stephen Curry in Charlotte when Seth was still in high school pic.twitter.com/X7mJyl26DK – 7:07 PM Milwaukee Bucks @ Bucks It’s time for Bucks Basketball!! pic.twitter.com/EH7Ci4k1cn – 7:05 PM Charlotte Hornets @ hornets Drop a 😄 y’all. It’s almost tipoff time! 📍 – 🏠 🆚 – @Milwaukee Bucks ⏰ – 7PM EST 📺 – @HornetsOnBally 📻 – @WFNZ 610 AM/102.5 FM pic.twitter.com/SvSgFSgufU – 6:55 PM Milwaukee Bucks @ Bucks Bobby has tallied a double-double in 3 of his last 4 games. pic.twitter.com/iAzQAN5QB5 – 6:52 PM Jim Owczarski @ JimOwczarski No change to the starting lineup for the #Bucks , with Jordan Nwora and Wesley Matthews partnering up with Giannis Antetokounmpo, Khris Middleton and Bobby Portis. – 6:36 PM Milwaukee Bucks @ Bucks Same 5 starting tonight vs. Hornets. pic.twitter.com/mYzkgij6MF – 6:36 PM Milwaukee Bucks @ Bucks Planet Pat is back!! 🎥: @socios pic.twitter.com/ey8klFAV4b – 6:26 PM Charlotte Hornets @ hornets Both Miles & Terry with the puffy coat drip 💧 #ULTRADrip | @MichelobULTRA pic.twitter.com/3PBu5uvEgN – 6:25 PM Charlotte Hornets @ hornets FIRST FIVE. 🖐️ #AllFly | @CrumblCookies pic.twitter.com/Jk3enrxLQ3 – 6:15 PM James Plowright @ British_Buzz Oubre’s playing 28mpg, I’d expect 5-7 of his mins to go to Cody Martin to bump him up to 30-32. Then tonight specifically with Giannis more McDaniels at SF, maybe 7-10 more mins to get him up to 25-28. That leaves at least 12-15 mins for Bouknight, or maybe Thor if they need size – 6:11 PM Milwaukee Bucks @ Bucks Rewind to Saturday night at the hive. Plenty to build on. 🔄 @BetwayUSA Game Rewind: Bucks 106 – Hornets 114 pic.twitter.com/PbmcCA9XiE – 6:07 PM Milwaukee Bucks @ Bucks Welcome back, Donte!! 🎥: @Socios pic.twitter.com/7VTKdkIiH6 – 6:01 PM Rod Boone @ rodboone “J.B., he’s a hell of a coach. They do a great job.” — Bucks acting head coach Darvin Ham – 5:56 PM Milwaukee Bucks @ Bucks Focused on the rematch. pic.twitter.com/W46ZFwHQmx – 5:46 PM Jim Owczarski @ JimOwczarski Pat Connaughton flew in today for the #Bucks. He’s missed the last three games. pic.twitter.com/vrCqLhZbY2 – 5:44 PM Charlotte Hornets @ hornets INJURY REPORT vs MIL Vernon Carey Jr. (H&S Protocols) is out. Kelly Oubre Jr. (H&S Protocols) is out. #AllFly | @NovantHealth pic.twitter.com/4OG9zIwQWk – 5:35 PM Jim Eichenhofer @ Jim_Eichenhofer #Pelicans practice report presented by @HUBInsurance, Tomas Satoransky, Josh Hart return to team for Monday practice; Satoransky was forced to make Milwaukee-to-NOLA drive; Gary Clark maintains always-ready mentality: https://t.co/WsTbh4vF6G pic.twitter.com/gG45V811qs – 5:31 PM Milwaukee Bucks @ Bucks Big Ragu in the house. 📸: @MotorolaUS pic.twitter.com/CTLo8PYDrD – 5:29 PM Rod Boone @ rodboone James Borrego said Cody Martin and Jalen McDaniels will get a bulk of the extra minutes with Kelly Oubre out tonight against Milwaukee. pic.twitter.com/JH8QdD3fQb – 5:26 PM Josh Martin @ LonzoWire The Hornets will miss their Sixth Man of the Year candidate for the next few games. lonzowire.usatoday.com/2022/01/10/kel… – 5:24 PM Charlotte Hornets @ hornets Pregame availability with Coach JB starts now! 🎙 #MILvsCHA twitter.com/i/broadcasts/1… – 5:20 PM Milwaukee Bucks @ Bucks Back for more. 🎰: @MotorolaUS pic.twitter.com/xGpsUIRJs1 – 5:09 PM Charlotte Hornets @ hornets BEHIND THE BURGERS! 🎬 #NBAAllStar | https://t.co/9EngIXTkpA pic.twitter.com/oZAktGx566 – 5:01 PM Memphis Grizzlies @ memgrizz Mentoring makes a difference. See the full conversation with Coach Jenkins and Bucks Head Coach Mike Budenholzeron YouTube. For more about mentoring: https://t.co/dvndIcfGAU pic.twitter.com/AsGG9xuAL8 – 5:00 PM Charlotte Hornets @ hornets OFFICIAL: We have transferred two-way players Arnoldas Kulboka and Scottie Lewis back from the @greensboroswarm and both players will be available for tonight’s game vs. MIL. #AllFly pic.twitter.com/xWKbsK363E – 4:45 PM Charlotte Hornets @ hornets Sounds like a guy who deserves your #NBAAllStar votes! ⭐️🤩 @LaMelo Ball | #AllFly pic.twitter.com/l7ym1OEp1r – 4:28 PM Marc J. Spears @ MarcJSpears Hornets say Kelly Oubre has entered the NBA’s Health and Safety Protocols and will be downgraded to out for tonight’s game vs. Bucks. – 4:17 PM Marc Stein @ TheSteinLine The Hornets Kelly Oubre has entered the NBA’s health and safety protocols and will be downgraded to OUT for tonight’s game against Milwaukee. – 4:17 PM Adrian Wojnarowski @ wojespn Charlotte’s Kelly Oubre has entered the league’s Covid protocols, team says. – 4:17 PM Rod Boone @ rodboone Kelly Oubre has
**Last 60 Days of Bitcoin's Closing Prices:**
[64155.94, 64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-11
**Financial & Commodity Data:**
- Gold Closing Price: $1818.60
- Crude Oil Closing Price: $81.22
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $792,018,742,181
- Hash Rate: 191422128.4364691
- Transaction Count: 277698.0
- Unique Addresses: 694475.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.21
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. 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, British Columbia, Nov. 30, 2021 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce that it has closed the previously announced bought-deal private placement of 16,670,000 special warrants of the Company (the “Special Warrants”) at a price of $6.00 per Special Warrant for aggregate gross proceeds to the Company of $100,020,000 (the “Offering”) with Stifel GMP as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including BMO Capital Markets, Canaccord Genuity Corp. and PI Financial Corp. (collectively, the “Underwriters”). In connection with the closing of the Offering, the Underwriters elected to fully exercise the option granted to them by the Company to increase the size of the Offering by an additional 15% of the Special Warrants sold under the Offering, for an additional 2,500,500 Special Warrants. As a result, the Offering consisted of the sale of an aggregate 19,170,500 Special Warrants for gross proceeds of $115,023,000. The Special Warrants and the underlying Units (defined below) are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. Each Special Warrant entitles the holder thereof to receive, subject to adjustment in certain circumstances and the Penalty Provision (as defined below), and without payment of additional consideration, one (1) unit of the Company (each a “Unit”) upon the exercise or deemed exercise of each Special Warrant. Each Unit consists of one (1) common share of the Company (a “Unit Share”) and one-half (0.5) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one common share of the Company (a “Warrant Share”) at a price of $6.00 per Warrant Share for a period of 30 months following the closing of the Offering. The Special Warrants will be exercisable by the holders thereof at any time after the Closing Date for no additional consideration. All unexercised Special Warrants shall be deemed exercised on behalf of, and without any required action on the part of, the holders (including payment of additional consideration) on the earlier of: Story continues (i) the second business day following the date on which the Company files a prospectus supplement after a receipt is issued for an amended and restated (final) short form base shelf prospectus by the British Columbia Securities Commission (the “BCSC”), as principal regulator on behalf of the securities regulatory authorities in each Province of Canada, except Québec, qualifying the distribution of the Unit Shares and Warrants to be issued upon exercise of the Special Warrants (the “Qualification Date”); and (ii) 4:59 p.m. (Toronto time) on the date which is four months and a day following the Closing Date (the “Qualification Deadline”). In the event the Qualification Date has not occurred on or before January 7, 2022 (the “Penalty Date”), each outstanding Special Warrant shall thereafter entitle the holder to receive, upon the exercise or deemed exercise of each Special Warrant, for no additional consideration, 1.1 Units (the “Penalty Provision”). The net proceeds of the Offering shall be primarily used to support growth of the Company’s business and for working capital requirements and other general corporate purposes. “We are very pleased that this private placement included both institutions and broad retail distribution with over 100 new shareholders becoming part of our HIVE community,” comments Frank Holmes, HIVE’s Executive Chairman. “These funds will allow us to HODL our Bitcoin and Ether supply while expanding our production to 3 Exahash in the early part of 2022. Also important was BMO’s participation, making it the first major Canadian bank to participate in a crypto data center equity financing.” In connection with the Offering, the Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. Resignation of Director The Company also announces that Tobias Ebel has resigned as a director of the Company due to other business commitments and time demands. The Company would like to thank Mr. Ebel for his hard work and contributions to the HIVE board. About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE. 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 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, but is not limited to, statements with respect to information about the Offering and the use of proceeds, the issuance of a final receipt by the BCSC in connection with the amended and restated (final) short form base shelf prospectus, the filing of the prospectus supplement with the BCSC, potential dilution and application of the Penalty Provision; business goals and objectives of the Company; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and 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 Company’s ability to deploy the proceeds of the Offering to achieve corporate objectives or otherwise advance the progress of the Company, and the Company’s objectives, goals or future plans, the timing thereof and related matters. 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....
- Reddit Posts (Sample): [['u/POTATO_IN_MY_LOGIC', 'Remember that whenever everyone gives up hope, the Tether printer reactivates, pumping the price again', 76, '2022-01-11 00:19', 'https://www.reddit.com/r/Buttcoin/comments/s0xqlk/remember_that_whenever_everyone_gives_up_hope_the/', "We saw this in July 2021 and we saw this in September 2021. The macroeconomic situation looks bad. People are getting bored. All of the subreddits have negative sentiment. Everyone's losing a lot of money. People come in here and talk about the coming crash and ask about how to short Bitcoin or talk about buying puts on Bitcoin-related stuff. Butters completely give up hope and some might even join us as new critics of cryptocurrency. News stories talk about how Bitcoin's done.\n\nThen, once there's enough highly leveraged shorts from gamblers on places like Binance, the Tether printer reactivates with at least 2 billion USDT. After that, someone makes a few huge buy orders that auto-liquidate the highly-leveraged shorts on the casino exchanges. The price suddenly goes up in a giant green candle, bringing the butters back into bull mode and they pretend like nothing happened. Those that sold at a loss buy back in higher and lose even more money. The cryptocurrency exchange system is *designed* for retail traders to lose.\n\nBitcoin's not over until Tether can't pump it anymore. My guess is that they're going to try to pump it on a weekend (no red US market to correlate to) or on a solidly green day for the US markets. They would do that for the maximum pumping effect.\n\nOf course, this doesn't mean that the price of Bitcoin is *necessarily* going up again, either, because one of these days, the Tether scheme *has* to collapse. The only winning move is not to play.", 'https://www.reddit.com/r/Buttcoin/comments/s0xqlk/remember_that_whenever_everyone_gives_up_hope_the/', 's0xqlk', [['u/MeatPiston', 28, '2022-01-11 01:35', 'https://www.reddit.com/r/Buttcoin/comments/s0xqlk/remember_that_whenever_everyone_gives_up_hope_the/hs51gnt/', 'The efficacy of the printer has been diminishing, but there will be another pump. And another and another and another until everyone loses interest or regulators intervene. \n\nThe big players take in money and pay out in funbucks. The pumps get that cash flowing in so it will continue.', 's0xqlk'], ['u/sinful_sophistry', 24, '2022-01-11 02:23', 'https://www.reddit.com/r/Buttcoin/comments/s0xqlk/remember_that_whenever_everyone_gives_up_hope_the/hs58fhu/', "I'm guessing it's harder to maintain the pump now since there are only so many fresh suckers who can get hooked on BTC. With all the other shitcoins out there now, the really degenerate gamblers will be trying to get their 100x on Elondogerocket or what have you rather than putting their money in boomercoin. The Tether pump works until it doesn't, and it might have already reached the point where further pumps will be fiat negative events for the exchanges that hasten the scam's own demise, rather than prolonging it.", 's0xqlk'], ['u/BobWalsch', 10, '2022-01-11 04:11', 'https://www.reddit.com/r/Buttcoin/comments/s0xqlk/remember_that_whenever_everyone_gives_up_hope_the/hs5ogd3/', ">100x on Elondogerocket \n\nIt's Dogelon Mars, noob!", 's0xqlk'], ['u/mechebear', 11, '2022-01-11 07:59', 'https://www.reddit.com/r/Buttcoin/comments/s0xqlk/remember_that_whenever_everyone_gives_up_hope_the/hs6fqaq/', "Good reminder for everyone coming through this subreddit:. The problem with crypto is that unregulated casinos (exchanges) are allowing you to buy digital magic beans. As soon as you give them your money they can scam you just as easy for shorting as for holding because they are unregulated casinos who don't play by any rules.", 's0xqlk']]], ['u/dmack080288', 'You do you. look after number 1', 110, '2022-01-11 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/s0yi98/you_do_you_look_after_number_1/', '"Hodl is a dangerous cult" \n\n"If you sell crypto when it\'s 50% down, you don\'t deserve it when it\'s 1000% up" \n\n"BITCOIN can do what it wants, I\'m never selling" \n\nThese are just a few posts of late pushing certain ideals during this dip/crash/bear/buying opportunity or what ever you want to call it. \n\nWe\'re all different, we are all at different points in our lives with different incomes. We have different ideas as to what constitutes alot of money or life changing money. \n\nIf you want to HODL because that\'s what you\'re comfortable doing and it\'s best for you, then HODL your ass off. \n\nIf you want to sell at 50% down, then sell. If you need money, you need money. Do what\'s best for you. If you\'re panicking during the dip and want to take your money out, take your money out. It\'s your money. \n\nIf you hold bitcoin and want to sell it, sell it. Don\'t be shamed into holding it by posts on reddit. \n \nWe\'re not all in the same boat here. We are all on the same lake, just some are in mega yachts while others are holding onto a door trying not to sink. You do you. Look after your own interests and let everyone else carry on with their thing. \n\nPeace and love to all.', 'https://www.reddit.com/r/CryptoCurrency/comments/s0yi98/you_do_you_look_after_number_1/', 's0yi98', [['u/DanSmokesWeed', 37, '2022-01-11 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/s0yi98/you_do_you_look_after_number_1/hs4w5uu/', 'Sounds like you’re encouraging yourself and others to sell at a loss. That’s why “don’t invest more than you can afford to lose”, and HODL are two sides of the same coin. We want ppl to make money in here, not lose it. This is the time when that becomes hardest. This is the worst time to start changing our advice.\n\nPeace and love to you. 🕊', 's0yi98'], ['u/_yxs_', 12, '2022-01-11 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/s0yi98/you_do_you_look_after_number_1/hs4wpy8/', 'Why pull out when you can go deeper', 's0yi98'], ['u/_yxs_', 10, '2022-01-11 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/s0yi98/you_do_you_look_after_number_1/hs4wxfp/', "Just don't fall for these bulltraps. Wait it out or keep dcaing if that's your thing but be decisive and do not change your mind twice a day.", 's0yi98'], ['u/monamikonami', 10, '2022-01-11 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/s0yi98/you_do_you_look_after_number_1/hs51wc2/', "I'll do what I want it's my money!!", 's0yi98'], ['u/itsadiseaster', 14, '2022-01-11 02:39', 'https://www.reddit.com/r/CryptoCurrency/comments/s0yi98/you_do_you_look_after_number_1/hs5awsz/', "I am here since 2017. All I can tell you, I would be rich if I did HODL. That's it. Any trade I made on the down tide was a foking mistake in a long term. End of story.", 's0yi98']]], ['u/FFpain', 'The greatest fear I have for Bitcoin is the government.', 213, '2022-01-11 01:25', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/', 'What do we do if the internet becomes government run and they ban mining or running nodes? Are people in China able to buy Bitcoin?\n\nBecause if the government can shut down Bitcoin, even though I am a huge fan of crypto, I would become very pessimistic about its future.\n\nEspecially since I am a huge proponent of Bitcoin’s purpose as a means of decentralization; but the government definitely is not.', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/', 's0z7y9', [['u/FFpain', 11, '2022-01-11 01:59', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/hs54zc7/', 'That’s not really an answer. They cannot or will not?\n\nAgain. Why?', 's0z7y9'], ['u/bitusher', 14, '2022-01-11 02:08', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/hs567u8/', 'Its trivial to get around the great firewall of china . Bitcoin already has satellites if the ISP is antagonistic or you can just run TOR', 's0z7y9'], ['u/seattle_refuge', 14, '2022-01-11 02:35', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/hs5a7yh/', 'I used to think democracies cannot be tyrannical.', 's0z7y9'], ['u/danpaq', 12, '2022-01-11 02:39', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/hs5auem/', 'It would be like outlawing math and science. Bitcoin is at the fringe of computer science, pushing internet into Web 3.0. Banning it would drive tax paying capitalists elsewhere. Tech, driven by web, is responsible for much of the US growth, so stunting crypto would not be a good move for GDP.', 's0z7y9'], ['u/LucianAries', 49, '2022-01-11 02:40', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/hs5b0nf/', 'A list and evaluation of the threats Bitcoin could face are laid out here: (I found it both interesting and reassuring…)\n\nhttps://github.com/JWWeatherman/bitcoin_security_threat_model#human-threats', 's0z7y9'], ['u/bobderbobs', 31, '2022-01-11 03:04', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/hs5eh0k/', 'You can connect miners and nodes via TOR. In order to shut down bitcoin you would have to shut down TOR wich would be a huge step against free speach', 's0z7y9'], ['u/bobderbobs', 25, '2022-01-11 03:23', 'https://www.reddit.com/r/BitcoinBeginners/comments/s0z7y9/the_greatest_fear_i_have_for_bitcoin_is_the/hs5hcyl/', "TOR stands for The Onion Router. It os run by nodes you can set up one I heard somewhere with a raspberry pi. With TOR you don't connect directly to a server but you send an encrypted message to a node. The node decrypts the message and finds another encrypted message with the order to send it to another node. Every node on your path is called a hop. The last node is called an exit node. These are more difficult to run because other people can use your internet connection to 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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43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32
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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:**
['Eurozone Industrial Production (MoM) (Nov)\nFrench CPI (MoM) (Dec) Final\nFrench HICP (MoM) (Dec) Final\nSpanish CPI (YoY) (Dec) Final\nSpanish HICP (YoY) (Dec) Final\nEurozone Trade Balance (Nov)\nECB President Lagarde Speaks\nIt was a bullish day for the European majors on Tuesday. The DAX30 rallied by 1.10%, with the CAC40 and the EuroStoxx600 rising by 0.95% and by 0.84% respectively. Tuesday’s gains brought to an end a 3-day losing streak.\nA quiet economic calendar left the majors in the hands of ECB President Lagarde and FED Chair Powell. Market jitters over persistent inflationary pressure and possible influence on monetary policy has tested support for riskier assets at the turn of the year.\nAway from the economic calendar, earnings were back in focus, with optimism of another upbeat season adding to the upside. The gains were not enough to fully reverse Monday’s sell-off, however, as the markets await U.S inflation figures due out today and tomorrow.\nThere were no major stats for the markets to consider. In spite of the anticipation, there were no policy related comments from the ECB President to influence.\nThere were also no major stats from the U.S to provide the majors with direction late in the day. The lack of stats left the spotlight on FED Chair Powell, who gave testimony to lawmakers.\nMarket reaction to testimony was positive, with the FED Chair stating that the economy can cope with the tightening monetary policy. Powell noted that the economy has expanded rapidly in spite of COVID-19. On the inflation front, Powell said that inflation needs more attention. The FED will ensure that high inflation does not become entrenched. Powell also noted that, while a move on monetary policy to normal is needed, it’s a long road to normal.\nFor the DAX:It was another mixed day for the auto sector on Tuesday.ContinentalandDaimlerended the day down by 0.59% and by 0.70% respectively.BMWrose by 0.84%, however, withVolkswagengaining 0.33%.\nIt was a bearish day for the banks.Deutsche Bankfell by 0.48%, withCommerzbanksliding by 4.12%.\nFrom the CAC, it was a mixed day for the banks.Credit Agricoleslipped 0.19%, whileSoc GenandBNP Paribasended the day up by 0.20% and by 0.56% respectively.\nThe French auto sector also had a mixed session.Stellantis NVrallied by 2.09%, whileRenaultended the day with a 1.26% loss.\nAir France-KLMandAirbus SEsaw modest gains of 0.26% and by 0.42% respectively.\nIt was back into the red for theVIXon Tuesday. Reversing a 3.41% gain from Monday, the VIX fell by 5.10% to end the day at 18.41.\nThe NASDAQ rallied by 1.41%, with the Dow and the S&P500 seeing gains of 0.51% and 0.92% respectively.\nIt’s a quiet day ahead on the Eurozone’seconomic calendar. Industrial production figures for the Eurozone will be in focus through the early part of the European session. The November figures are unlikely to influence the ECB’s views on inflation and monetary policy, however, which should limit the impact on the majors.\nLater in the session, U.S inflation figures for December will be key. Expect plenty of market sensitivity to the numbers, Softer inflation would be the ideal scenario for the markets after Powell’s testimony to lawmakers.\nInflation figures from China, due out ahead of the European open, will likely set the tone.\nIn the futures markets, at the time of writing, the Dow Mini was down by 10 points.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• Celebs Kardashian and Mayweather Sued for Crypto Pump and Dump\n• Early Gains Capped by API Gasoline Supply Surge\n• E-mini NASDAQ-100 Sellers Eyeing 15906.00 – 16084.00\n• Expect a Big Rally in Bitcoin Soon\n• U.S Inflation Figures for December Put the U.S Dollar back in the Spotlight\n• Wells Fargo Shares Rise Ahead of Q4 Earnings; Target Price $81 in Best Case', 'Economic Calendar Wednesday, 12 th January Eurozone Industrial Production (MoM) (Nov) Friday, 14 th January French CPI (MoM) (Dec) Final French HICP (MoM) (Dec) Final Spanish CPI (YoY) (Dec) Final Spanish HICP (YoY) (Dec) Final Eurozone Trade Balance (Nov) ECB President Lagarde Speaks The Majors It was a bullish day for the European majors on Tuesday. The DAX30 rallied by 1.10%, with the CAC40 and the EuroStoxx600 rising by 0.95% and by 0.84% respectively. Tuesday’s gains brought to an end a 3-day losing streak. A quiet economic calendar left the majors in the hands of ECB President Lagarde and FED Chair Powell. Market jitters over persistent inflationary pressure and possible influence on monetary policy has tested support for riskier assets at the turn of the year. Away from the economic calendar, earnings were back in focus, with optimism of another upbeat season adding to the upside. The gains were not enough to fully reverse Monday’s sell-off, however, as the markets await U.S inflation figures due out today and tomorrow. The Stats There were no major stats for the markets to consider. In spite of the anticipation, there were no policy related comments from the ECB President to influence. From the U.S There were also no major stats from the U.S to provide the majors with direction late in the day. The lack of stats left the spotlight on FED Chair Powell, who gave testimony to lawmakers. Market reaction to testimony was positive, with the FED Chair stating that the economy can cope with the tightening monetary policy. Powell noted that the economy has expanded rapidly in spite of COVID-19. On the inflation front, Powell said that inflation needs more attention. The FED will ensure that high inflation does not become entrenched. Powell also noted that, while a move on monetary policy to normal is needed, it’s a long road to normal. The Market Movers For the DAX: It was another mixed day for the auto sector on Tuesday. Continental and Daimler ended the day down by 0.59% and by 0.70% respectively. BMW rose by 0.84%, however, with Volkswagen gaining 0.33%. Story continues It was a bearish day for the banks. Deutsche Bank fell by 0.48%, with Commerzbank sliding by 4.12%. From the CAC , it was a mixed day for the banks. Credit Agricole slipped 0.19%, while Soc Gen and BNP Paribas ended the day up by 0.20% and by 0.56% respectively. The French auto sector also had a mixed session. Stellantis NV rallied by 2.09%, while Renault ended the day with a 1.26% loss. Air France-KLM and Airbus SE saw modest gains of 0.26% and by 0.42% respectively. On the VIX Index It was back into the red for the VIX on Tuesday. Reversing a 3.41% gain from Monday, the VIX fell by 5.10% to end the day at 18.41. The NASDAQ rallied by 1.41%, with the Dow and the S&P500 seeing gains of 0.51% and 0.92% respectively. The Day Ahead It’s a quiet day ahead on the Eurozone’s economic calendar . Industrial production figures for the Eurozone will be in focus through the early part of the European session. The November figures are unlikely to influence the ECB’s views on inflation and monetary policy, however, which should limit the impact on the majors. Later in the session, U.S inflation figures for December will be key. Expect plenty of market sensitivity to the numbers, Softer inflation would be the ideal scenario for the markets after Powell’s testimony to lawmakers. Inflation figures from China, due out ahead of the European open, will likely set the tone. The Futures In the futures markets, at the time of writing, the Dow Mini was down by 10 points. 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: Celebs Kardashian and Mayweather Sued for Crypto Pump and Dump Early Gains Capped by API Gasoline Supply Surge E-mini NASDAQ-100 Sellers Eyeing 15906.00 – 16084.00 Expect a Big Rally in Bitcoin Soon U.S Inflation Figures for December Put the U.S Dollar back in the Spotlight Wells Fargo Shares Rise Ahead of Q4 Earnings; Target Price $81 in Best Case', 'It was a mixed session for Bitcoin ( BTC ) and the broader crypto market on Tuesday. Market jitters over FED monetary policy had continued to weigh on the crypto markets ahead of FED Chair Powell\x92s testimony on Tuesday. FED Chair Powell Testimony and Impact Powell\x92s comments were market friendly, however, providing Bitcoin and the crypto majors with much-needed support. Market reaction to testimony was also positive across the U.S equity markets. The FED Chair\x92s view that the economy can cope with tightening monetary policy was key. Powell noted that the economy has expanded rapidly in spite of COVID-19. On the inflation front, Powell said that inflation needs more attention. The FED wants to ensure that high inflation does not become entrenched. Powell also noted that, while a move on monetary policy to normal is needed, it\x92s a long road to normal. The upside on the day was modest by crypto standards, however, with U.S inflation figures due out later today. Another pickup in inflationary pressure would support U.S bank forecasts of 4 rate hikes this year. On Monday, news of Goldman Sachs projecting 4 rate hikes had sent Bitcoin to sub-$40,000 levels for the first time since September. In spite of FED Chair Powell\x92s comments, the Bitcoin Fear & Greed Index fell back from 23/100 to 21/100, breaking the upward trend seen since an 8 th January low of 10/100. Uncertainty ahead of today\x92s U.S inflation figures likely contributed. A level in the red and close to or at zero indicates investor fear of further price declines. Lawmakers Push for Updates on the FED\x92s Review on CBDCs and Stablecoins While the focus of Powell\x92s testimony was largely on tackling inflation and monetary policy, digital assets were also discussed. Lawmakers raised questions on why the FED had yet to release its review on central bank digital currencies (CBDC) and stablecoins. While Powell stated that the FED will release the review in the coming weeks, Senator Brown talked up the dangers of cr
**Last 60 Days of Bitcoin's Closing Prices:**
[64469.53, 65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-12
**Financial & Commodity Data:**
- Gold Closing Price: $1827.20
- Crude Oil Closing Price: $82.64
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $808,631,899,517
- Hash Rate: 168403011.72575447
- Transaction Count: 271933.0
- Unique Addresses: 679922.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.22
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Shiba Inu Coinrallied by 15.68% on Monday. Following a 0.20% decline on Sunday, Shiba Inu Coin ended the day at $0.00004529.
A mixed start to the day saw Shiba Inu Coin fall to a mid-day intraday low $0.00003836 before making a move. Steering clear of the first major support level at $0.0000371, Shiba Inu Coin rallied to a late intraday high $0.00004589.
Shiba Inu Coin broke through the first major resistance level at $0.0000404, the second major resistance level at $0.0000417, and the third major resistance level at $0.000045 to end the day at $0.0000452 levels.
At the time of writing, Shiba Inu Coin was down by 2.30% to $0.00004425. A mixed start to the day saw Shiba Inu Coin rise to an early morning high $0.00004577 before falling to a low $0.00004407.
Shiba Inu Coin left the major support and resistance levels untested early on.
Shiba Inu Coin would need to avoid the $0.0000432 pivot to bring the first major resistance level at $0.0000480 into play.
Support from the broader market would be needed, however, for Shiba Inu Coin to break back through to $0.0000458 levels. Barring another extended crypto rally, the first major resistance level would likely cap the upside
In the event of an extended breakout, Shiba Inu Coin could test resistance at $0.000055 levels before any pullback. The second major resistance level sits at $0.0000507.
A fall through the $0.0000432 pivot would bring the first major support level at $0.0000405 into play. Barring an extended sell-off, however, Shiba Inu Coin should avoid the second major support level at $0.0000357. The 62% FIB of $0.000037 should limit the downside.
For the bears, a sustained fall through the 62% FIB of $0.000037 would form a near-term bearish trend.
First Major Support Level: $0.0000405
Pivot Level: $0.0000432
First Major Resistance Level: $0.0000480
23.6% FIB Retracement Level: $0.00006987
38.2% FIB Retracement Level: $0.00005680
62% FIB Retracement Level: $0.00003700
Thisarticlewas originally posted on FX Empire
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- Reddit Posts (Sample): [['u/cintatidakhilang', 'Relatively new to crypto but I had a question', 35, '2022-01-12 00:40', 'https://www.reddit.com/r/BitcoinBeginners/comments/s1r6yl/relatively_new_to_crypto_but_i_had_a_question/', 'So, I’ve decided to invest in it. I currently have 0.00127666 BTC, never studied crypto never traded crypto or stocks, nothing. What would be a good read for me on the subject matter? Something relatively helpful for investing and selling/buying etc.\n\nI’ve noticed fluctuations and those are pretty often but how do you notice a trend in rise of fall of currency?', 'https://www.reddit.com/r/BitcoinBeginners/comments/s1r6yl/relatively_new_to_crypto_but_i_had_a_question/', 's1r6yl', [['u/Superchamp4', 11, '2022-01-12 00:57', 'https://www.reddit.com/r/BitcoinBeginners/comments/s1r6yl/relatively_new_to_crypto_but_i_had_a_question/hsa2wck/', 'As a beginner, Blockworks really helped me with analysis, and CoinMarketCap helped with basic analytics.', 's1r6yl'], ['u/TheCoin-Files', 13, '2022-01-12 02:57', 'https://www.reddit.com/r/BitcoinBeginners/comments/s1r6yl/relatively_new_to_crypto_but_i_had_a_question/hsajntx/', "Don't focus on trading. Focus on learning and understanding the mechanics. Once you get comfortable and feel conviction buy only what you can afford to loose. As a beginner avoid all kind of leverage. If you have no experience trading, I would not recommend starting it with bitcoin. The volatility alone will force bad trades. \n\nTake it slow. Read the white paper. Watch some podcasts. Read a book such as the bitcoin standard and keep learning.", 's1r6yl']]], ['u/avalc0', '(S4P2E01) Episode 76: "Judgement" Manga vs. Anime comparison', 197, '2022-01-12 01:23', 'https://www.reddit.com/r/ShingekiNoKyojin/comments/s1s53a/s4p2e01_episode_76_judgement_manga_vs_anime/', "The post will have three sections: The overview, which talks about what chapters were covered and what parts are skipped; the scene-by-scene comparison, which highlights major differences; and the analysis, a brief and subjective response to the changes made. Major manga spoilers are hidden by spoiler tags, so the post is mostly safe for anime-onlies (other than that it does include cut manga panels).\n\n# Part I: Overview\n\nEpisode 76 (S4E17) covers the remaining scene from chapter 115, most of chapter 117 MANGA SPOILER>!(stopping before Zeke enters the fight)!<, and one scene from early in chapter 118. It also recaps the end of Episode 75 (which covered the end of chapter 116 and the first page of chapter 117) and contains an anime-original scene at the end.\n\nhttps://preview.redd.it/qbs60jvah5b81.png?width=1813&format=png&auto=webp&s=ac1a8d14155fd6ed203a8cde33465b402048d99e\n\n# Part II: Scene-By-Scene\n\n**Cut** \\- scenes in the manga that do not appear in the anime\n\n* Minor - mainly dialogue and/or visual omissions that do not drastically impact the scene overall\n* Major - whole scenes or very important dialogue that is removed\n\n**Additions** \\- scenes and/or dialogue that are completely added by the anime\n\n* Minor - small, mostly inconsequential additions and establishing shots\n* Major - larger or more consequential additions\n* Scene - entire scenes that do not occur in the manga at all. Can be major or minor\n\n**Changes** \\- alterations from the manga\n\n* Minor - mainly small dialogue or visual changes from the manga\n* Major - larger, more important dialogue or visual changes\n\n**Composition** \\- long scenes that have mostly the same dialogue as the manga, but are ordered or presented differently in the anime. These are extended looks at the way the anime differs from the manga.\n\n**Notes**:\n\n* Note that I will generally steer away from subtle dialogue differences as I don't speak or read Japanese so I rely on translations.\n* For action scenes, the anime by nature has more frames than the manga, so unless these are significantly different they will not be noted.\n\n# Cold Open - Hange, Levi, and Zeke\n\nhttps://preview.redd.it/umjyb7zih5b81.png?width=1920&format=png&auto=webp&s=233c6b1e422e92757cc303de427fa761a287185a\n\n**Cut**\n\n* Hange mentions seeing a thunder spear accident in training \\[minor\\]\n* Hange is shown seeing a body, running to it, and then identifying it as Levi [\\[minor\\]](https://imgur.com/nchURor)\n\n**Added**\n\n* Opening shots of the wet grass and Levi’s severed fingers. Hange is also shown before we see Levi. They are also silent (as opposed to the cut dialogue mentioned above) [\\[mahor\\]](https://imgur.com/vsYwVyZ)\n* Various closeups of Hange and Floch before we see all of Zeke \\[minor\\]\n* Soldiers are shown shooting at the river, and the bullets hitting the water \\[minor\\]\n\n**Changed**\n\n* Floch, rather than Hange, identifies the body as Levi \\[minor\\]\n* Hange doesn’t look up at Floch after he asks to see Levi’s body; they do in the manga. Floch also repeats his line “let me see him” [\\[minor\\]](https://imgur.com/p5x6oi4)\n* In the anime, Ymir is shown repairing Zeke’s right leg, with his left still being missing. The manga shows her first working on the right leg, then moving to his left [\\[minor\\]](https://imgur.com/EKLLDld)\n* Zeke delivers his last lines in a close-up of his eyes in the anime, but over a shot of his back in the manga [\\[minor\\]](https://imgur.com/qpGrWpJ)\n\n# Battle\n\nhttps://preview.redd.it/zwbs9ynkh5b81.png?width=1732&format=png&auto=webp&s=ee008b6e449ae328434751e6a65e24ac2a2e0874\n\n*There is a recap of the end of episode 75, which merges into the new content*\n\n**Cut**\n\n* Porco’s line about being a nutcracker is cut [\\[minor\\]](https://imgur.com/WEv2GdM)\n* An image of Willy Tybur is shown when Magath mentions him [\\[minor\\]](https://imgur.com/cneShwj)\n\n**Added**\n\n* Additional shots of soldiers descending in parachutes [\\[minor\\]](https://imgur.com/aCYD7UN)\n* Gabi yells to get Pieck’s attention (just before she has Galliard cut her arm) \\[minor\\]\n* Reiner parachutes down with additional soldiers [\\[minor\\]](https://imgur.com/3p4rIPl)\n* Soldiers are shown unloading what seems to be munitions [\\[minor\\]](https://imgur.com/F7Pi8HF)\n* Cart Titan abs and/or titties [\\[minor\\]](https://imgur.com/7OYQHJp)\n* After firing on Eren, the Cart Titan’s round is shown hitting the ground [\\[minor\\]](https://imgur.com/btCKiCH)\n* The Cart Titan is briefly shown before the round hits Eren [\\[minor\\]](https://imgur.com/wVM3VYv)\n\n**Changed**\n\n* Soldiers shout when pushing the Cart Titan’s cannon out of the blimp. Additionally, the cannon is now held by two parachutes [\\[minor\\]](https://imgur.com/qhb0oag)\n* Koslo (the fat Marleyan soldier from the first episode of Season 4 part 1) is added as another man on the Cart’s cannon. He says Pieck's line about damaging Eren’s brain (although she still says “excellent shot, Commander”) [\\[minor\\]](https://imgur.com/TUyD5kP)\n* Gabi grabs Pieck’s severed hand in the anime. In the manga, it just falls to her side. [\\[minor\\]](https://imgur.com/WWTOLXO)\n* We see Eren jump off the roof, then say “bring it, Reiner”. This doesn’t make sense since in Episode 75 he was still on the roof when he said this line (before the parachute troops even started to fall) \\[minor\\]\n* Transition from a memory of Zeke to a close up of Gabi’s lips as she recites what he says \\[minor\\]\n\n# Onyankopon frees Armin, Mikasa\n\nhttps://preview.redd.it/2lekm6wmh5b81.png?width=1920&format=png&auto=webp&s=da420838c2167f2fe1ad54c2d15d62d78cefcc1c\n\n**Cut**\n\n* Armin’s dialogue about now being the best time to use the rumbling is cut [\\[minor\\]](https://imgur.com/foNRkS6)\n\n**Changed**\n\n* After Onyankopon stands up, Connie remains angry in the anime. Jean holds him back, and he gets mad when Onyankopon mentions using the rumbling \\[minor\\]\n* When Armin talks about Eren and Yelena, the manga shows their meeting (which Armin would not know about), while the anime stays on Armin [\\[minor\\]](https://imgur.com/nXtY6Pe)\n\n# Battle B\n\nhttps://preview.redd.it/o0flhz9mh5b81.png?width=1729&format=png&auto=webp&s=9c4fcbe64a4faeb116551b0150ed28f6adf35537\n\n* This is an extended anime-original scene but doesn’t add any actual content \\[minor\\]\n\n# Part III: Analysis\n\nA strong but conventional start to the second half of the season. The only change marked major is Hange's silence when finding Levi, and that is just because of the added suspense. It is interesting to note that they seem to be splitting up chapter 117 (which is mostly action) and chapter 118 (which is mostly dialogue). Finally, it is still too early to tell if the anime is slowing down the pace (which has historically been 2-2.5 chapters per episode), which will matter if they plan on doing a movie.", 'https://www.reddit.com/r/ShingekiNoKyojin/comments/s1s53a/s4p2e01_episode_76_judgement_manga_vs_anime/', 's1s53a', [['u/GLNK1', 48, '2022-01-12 01:33', 'https://www.reddit.com/r/ShingekiNoKyojin/comments/s1s53a/s4p2e01_episode_76_judgement_manga_vs_anime/hsa82kn/', 'This is a good analysis. Just a small note, the anime has never consistently adapted 2-2.5 chapters an episode. If you average the speed of adaption across each season the fastest was Season 3, which adapted on average 1.8 chapters per episode (40 chapters in 22 episodes) . Season 1 was the slowest so far, adapting on average 1.35 chapters per episode (34 chapters in 25 episodes). If this part 2 ends where people are speculating it will, it\'ll be the new "slowest" adaption rate, covering about 1.25 chapters an episode.', 's1s53a'], ['u/Halfonzito', 17, '2022-01-12 01:55', 'https://www.reddit.com/r/ShingekiNoKyojin/comments/s1s53a/s4p2e01_episode_76_judgement_manga_vs_anime/hsab2oe/', 'very nice, will you do this for every episode?', 's1s53a'], ['u/uncen5ored', 28, '2022-01-12 02:15', 'https://www.reddit.com/r/ShingekiNoKyojin/comments/s1s53a/s4p2e01_episode_76_judgement_manga_vs_anime/hsadxg7/', '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.
|
42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25
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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:**
['The cross-party Lords Economic Affairs Committee has published its \x91Central bank digital currencies: a solution in search of a problem?\x92 report. The report has concluded that there is no convincing case for why the UK needs a central bank digital currency (CBDC). The committee found that while a CBDC may provide some advantages, it could present significant challenges for financial stability and the protection of privacy. A CBDC is different to a crypto asset such as Bitcoin, which is privately issued and not backed by any central party. A CBDC would be a form of central bank electronic money that could be used to make everyday payments \x96 in essence a \x91digital banknote\x92. The Government has not yet decided whether to introduce a CBDC. If a CBDC is introduced, it is inevitable that some people will transfer money out of their bank accounts and into CBDC wallets. The report advises that, without safeguards such as limits on the amount of CBDC individuals can hold, financial instability could be exacerbated during periods of economic stress as people seek to replace bank deposits with CBDC which may be perceived as safer. Risk of state surveillance The report adds that, to prevent their use in large-scale criminal activity, any CBDC system could not support anonymous transactions in the same way that cash can be spent anonymously. While there are design options that would provide some privacy safeguards, technical specifications alone may be insufficient to counter public concern over the risk of state surveillance. The Bank of England risks being drawn into controversial debates on privacy. A CBDC could enable central banks to conduct forms of unconventional monetary policy more easily. While the Governor of the Bank of England told the committee that he did not see a CBDC as a way to implement monetary policy, the committee noted that his successors may disagree. Such measures may increase the Bank of England\x92s role and influence in the economy and any changes to the Bank\x92s monetary policy toolkit should be scrutinised carefully. Story continues The committee recommended that the Joint Taskforce publishes its assessment of the potential for monetary policy via a CBDC in its 2022 consultation to assist this scrutiny. The introduction of CBDCs by the UK\x92s strategic competitors may have consequences for western foreign policy. For example, the SWIFT messaging system enhances the US\x92s ability to implement sanctions. However, there is political will in certain countries, such as China, to create alternatives to the existing international payments system using CBDC technology. Lord Forsyth of Drumlean, Chair of the House of Lords Economic Affairs Committee, said: \x93The introduction of a UK central bank digital currency would have far-reaching consequences for households, businesses, and the monetary system. We found the potential benefits of a digital pound, as set out by the Bank of England, to be overstated or achievable through less risky alternatives. \x93We took evidence from a variety of witnesses and none of them were able to give us a compelling reason for why the UK needed a central bank digital currency. The concept seems to present a lot of risk for very little reward. We concluded that the idea was a solution in search of a problem.\x94 The Committee\x92s other key findings and recommendations include: There are two main security risks posed by a CBDC. First, individual accounts could be compromised through weaknesses in cyber security. Second, the centralised CBDC ledger, which would be a critical piece of national infrastructure, would be a target for attack from hostile state and non-state actors. While no design can guarantee absolute security, any CBDC system will need to be adaptable to emerging security threats and technological change, including fast-developing quantum computing. There may be some benefits from the introduction of a \x91wholesale\x92 CBDC for use between financial institutions. While the wholesale operations of the monetary system are already efficient, a CBDC may help to further enhance efficiency in securities trading and settlement, but further exploration and experimentation are necessary. The committee recommends the Joint Taskforce consults on the use case for a wholesale CBDC alongside its 2022 retail CBDC consultation. The case for a digital pound may change in the future and therefore the Government and Bank of England could derive most benefit now by taking action to shape global standards which suit the UK\x92s values and interests, for example with regard to privacy, security and operational standards. At 3pm on Tuesday January 18 2022 the Lords Economic Affairs Committee is hosting an event, \x91Central Bank Digital Currencies: Plotting a Path Ahead for the UK\x92, with the Royal United Services Institute\x92s Centre for Financial Crime and Security Studies. Find out more information about this open-to-all event.', 'The cross-party Lords Economic Affairs Committee has published its \x91Central bank digital currencies: a solution in search of a problem?\x92 report. The report has concluded that there is no convincing case for why the UK needs a central bank digital currency (CBDC). The committee found that while a CBDC may provide some advantages, it could present significant challenges for financial stability and the protection of privacy. A CBDC is different to a crypto asset such as Bitcoin, which is privately issued and not backed by any central party. A CBDC would be a form of central bank electronic money that could be used to make everyday payments \x96 in essence a \x91digital banknote\x92. The Government has not yet decided whether to introduce a CBDC. If a CBDC is introduced, it is inevitable that some people will transfer money out of their bank accounts and into CBDC wallets. The report advises that, without safeguards such as limits on the amount of CBDC individuals can hold, financial instability could be exacerbated during periods of economic stress as people seek to replace bank deposits with CBDC which may be perceived as safer. Risk of state surveillance The report adds that, to prevent their use in large-scale criminal activity, any CBDC system could not support anonymous transactions in the same way that cash can be spent anonymously. While there are design options that would provide some privacy safeguards, technical specifications alone may be insufficient to counter public concern over the risk of state surveillance. The Bank of England risks being drawn into controversial debates on privacy. A CBDC could enable central banks to conduct forms of unconventional monetary policy more easily. While the Governor of the Bank of England told the committee that he did not see a CBDC as a way to implement monetary policy, the committee noted that his successors may disagree. Such measures may increase the Bank of England\x92s role and influence in the economy and any changes to the Bank\x92s monetary policy toolkit should be scrutinised carefully. Story continues The committee recommended that the Joint Taskforce publishes its assessment of the potential for monetary policy via a CBDC in its 2022 consultation to assist this scrutiny. The introduction of CBDCs by the UK\x92s strategic competitors may have consequences for western foreign policy. For example, the SWIFT messaging system enhances the US\x92s ability to implement sanctions. However, there is political will in certain countries, such as China, to create alternatives to the existing international payments system using CBDC technology. Lord Forsyth of Drumlean, Chair of the House of Lords Economic Affairs Committee, said: \x93The introduction of a UK central bank digital currency would have far-reaching consequences for households, businesses, and the monetary system. We found the potential benefits of a digital pound, as set out by the Bank of England, to be overstated or achievable through less risky alternatives. \x93We took evidence from a variety of witnesses and none of them were able to give us a compelling reason for why the UK needed a central bank digital currency. The concept seems to present a lot of risk for very little reward. We concluded that the idea was a solution in search of a problem.\x94 The Committee\x92s other key findings and recommendations include: There are two main security risks posed by a CBDC. First, individual accounts could be compromised through weaknesses in cyber security. Second, the centralised CBDC ledger, which would be a critical piece of national infrastructure, would be a target for attack from hostile state and non-state actors. While no design can guarantee absolute security, any CBDC system will need to be adaptable to emerging security threats and technological change, including fast-developing quantum computing. There may be some benefits from the introduction of a \x91wholesale\x92 CBDC for use between financial institutions. While the wholesale operations of the monetary system are already efficient, a CBDC may help to further enhance efficiency in securities trading and settlement, but further exploration and experimentation are necessary. The committee recommends the Joint Taskforce consults on the use case for a wholesale CBDC alongside its 2022 retail CBDC consultation. The case for a digital pound may change in the future and therefore the Government and Bank of England could derive most benefit now by taking action to shape global standards which suit the UK\x92s values and interests, for example with regard to privacy, security and operational standards. At 3pm on Tuesday January 18 2022 the Lords Economic Affairs Committee is hosting an event, \x91Central Bank Digital Currencies: Plotting a Path Ahead for the UK\x92, with the Royal United Services Institute\x92s Centre for Financial Crime and Security Studies. Find out more information about this open-to-all event.', 'BeInCrypto –\nJack Dorsey, the Former Tw
**Last 60 Days of Bitcoin's Closing Prices:**
[65466.84, 63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-13
**Financial & Commodity Data:**
- Gold Closing Price: $1821.20
- Crude Oil Closing Price: $82.12
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $831,427,759,012
- Hash Rate: 216864310.0641011
- Transaction Count: 274515.0
- Unique Addresses: 695923.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.21
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin (BTC) has dropped slightly in value, its price changing from about $48,000 on Friday to below $47,000 on Monday. Other cryptocurrencies, including Ethereum (ETH), Solana (SOL) and Cardano (ada) have also dropped in value slightly during the period with the overall crypto market down by about 0.5 per cent in the last 24 hours. Solana, Cardano and Polkadot are down by about 2 to 3 per cent in the last day. Meanwhile dogecoin and its spinoff shiba inu have dropped in value by about 1 to 3 per cent after last weeks gains following Teslas announcement that it would begin accepting payments in the meme coin. Analysts remain divided over whether the market will see a resurgence before the end of the year, with the most bullish continuing to predict a record-breaking end to 2021. You can find all the latest news, analysis and expert price predictions right here. Key points The Independent to host free crypto event Tesla to accept dogecoin payments 03:06 , Vishwam Sankaran Bitcoin, Ethereum, and other crypto prices drop slightly The prices of bitcoin, ethereum, and other top cryptocurrencies including cardano and solana have dropped slightly in the last 24 hours. BTC is currently valued close to $47,000, compared to its Friday price close to about $48,000. The leading cryptocurrency has dropped in value by about 4 per cent in the last week and by nearly a per cent in the last day. Ethereum and solana have dropped in value by about a per cent, while cardano and polkadot are down by 3 to 4 per cent in the last 24 hours. The overall crypto market is down by about 0.5 per cent in the last 24 hours and is currently valued at $2.20 trillion. Friday 17 December 2021 02:57 , Vishwam Sankaran Bitcoin, Ethereum, and other crypto prices drop After surging above $49,000 on Thursday, the price of bitcoin has dropped below the $48,000 mark, plunging by over 2.5 per cent in the last 24 hours. Ethereums price has also dropped by over 1 per cent in the last 24 hours and the cryptocurrency is down by about 5 per cent compared to its value a week earlier. Story continues Other top cryptocurrencies including cardano, polkadot as well as memecoins dogecoin and its spinoff shiba inu have also plunged by about 4 per cent in the last 24 hours. The global crypto market is down by over 2 per cent in the last day and is currently valued at $2.21 trillion. The chart looks red with no signs of recovery yet. Prices of cryptocurrencies over last 24 hours (Coin Market Cap) Crypto experts predict which altcoins to look out for in 2022 Thursday 16 December 2021 18:24 , Anthony Cuthbertson Last night, The Independent held a virtual event centred around cryptocurrency. Among the topics were forecasts for next year, including which altcoins could see massive growth, and where the price of bitcoin and other leading cryptocurrencies could be heading. The distinguished panel included experts in everything from trading and investing, to fintech laws and regulations: - Will Harborne, CEO of the decentralised cryptocurrency exchange DeversiFi - Dr Iwa Salami, associate professor at the University of East London - Fred Schebesta, founder of financial comparison platform Finder. The hour-long session is available to watch for free online, right here. Crypto experts predict which bitcoin rivals to look out for in 2022 Bitcoin sentiment moves away from extreme fear' Thursday 16 December 2021 14:58 , Anthony Cuthbertson A popular metric for measuring crypto market sentiment has retreated away from the extreme fear territory it was trending within earlier this week. The recent market downturn saw a significant dip into the rare zone for the Bitcoin Fear and Greed Index, which analyses a variety of factors to estimate the general outlook and feelings of investors and traders. Extreme fear can be a sign that investors are too worried. That could be a buying opportunity, the Indexs creators explain. When Investors are getting too greedy, that means the market is due for a correction. Bitcoin Fear and Greed Index is 29 - Fear Current price: $49,017 pic.twitter.com/5c0IfvZXFB Bitcoin Fear and Greed Index (@BitcoinFear) December 16, 2021 Crypto boss says dollar is going to zero against bitcoin Thursday 16 December 2021 11:36 , Anthony Cuthbertson The CEO of a leading cryptocurrency exchange has offered his thoughts on the inflation levels currently occurring the US, saying that the US dollar is going to zero against bitcoin. Kraken boss Jesse Powell told Bloomberg that bitcoins anti-inflationary nature means he is bullish about its price against traditional fiat currency in the long term. He said there was no end in sight to the out of control inflation levels, with statistics from the month of November showing a 6.8 per cent CPI increase year-on-year. This is the highest its been in nearly four decades. (Getty Images) Thursday 16 December 2021 03:07 , Vishwam Sankaran Bitcoin and ethereum prices surge The price of bitcoin has surged above $49,000 after it went below the $47,000 mark on Tuesday. The worlds leading cryptocurrency has grown by over 2 per cent in the last 24 hours but is still down by about a per cent compared to its value a week earlier. Ethereum has also surged by over 5 per cent in the last 24 hours and is currently valued at about $4,000. Solana has grown by more than 10 per cent in the last day but is still down by about 7 per cent compared to its price a week earlier. Meme coins dogecoin and shiba inu are also showing signs of recovery after their prices fell earlier this week. The overall crypto market has grown by about 4 per cent in the last 24 hours and is valued at $2.26 trillion. Worlds first bitcoin mortgage' Wednesday 15 December 2021 15:05 , Anthony Cuthbertson More positive news in the crypto space today, this time from credit and savings platform Ledn, whose newest product is a bitcoin-backed mortgage. After raising $70 million in Series B funding, Ledn will soon allow clients to buy property and use an equal amount of bitcoin and property collateral as part of the mortgage loan. The cryptocurrency lending platform said the worlds first bitcoin mortgage allows customers to access liquidity without needing to sell your assets, adding, you no longer need to decide between holding your bitcoin or owning real estate. (Ledn) German savings banks could offer crypto to millions Wednesday 15 December 2021 12:30 , Anthony Cuthbertson A consortium of German savings banks are planning to offer access to bitcoin (BTC), Ethereum (ETH) and other leading cryptocurrencies to up to 50 million customers, according to local reports. The pilot programme involves launching an in-house crypto wallet and exchange in 2022, the German Savings Banks Association (Sparkasse) told local business magazine Capital. More and more consumers are interested in crypto-assets, a spokesperson confirmed to CoinTelegraph. One in ten customers of the German Savings Banks states he/she owns or has owned crypto-assets. Considering their expectations, the Savings Banks Finance Group has to look into crypto-assets, too. Bitcoin price glitch sees crypto hit $870B on CoinMarketCap Wednesday 15 December 2021 10:35 , Anthony Cuthbertson The price of bitcoin spiked to $872 billion on CoinMarketCap after a mysterious glitch. The fanciful price rise of 1,874,722,432 per cent was actually bettered by Ethereum (ETH), which hit a new all-time high above $81 billion after a 2,169,744,354 per cent surge in value took its fictional market cap above bitcoins. The bizarre price gains were not reflected across crypto exchanges, meaning no one was actually able to cash out at such extreme levels. CoinMarketCap apologised for the irregularities on Twitter, stating: We will be rebooting our servers as a final step in accordance with our internal remediation plan. (CoinMarketCap) Wednesday 15 December 2021 03:12 , Vishwam Sankaran Bitcoin, ethereum, and other cryptocurrencies surge The prices of bitcoin, ethereum and other cryptocurrencies including dogecoin have surged in the last 24 hours with the overall crypto market growing by over 2 per cent in the last day. After slipping below the $47,000 mark on Tuesday, bitcoin has surged closer to the $48,000 mark, surging by over 2 per cent in the last 24 hours. Ethereum has grown by about a per cent in the last day and is priced at about $3,820. Solana and Cardano have also grown in value by 2 to 4 per cent over the last 24 hours. Meanwhile, meme coin dogecoin has skyrocketed in value by over 14 per cent after Tesla chief Elon Musk says the company would start accepting the crytpocurrency as a mode of payment for some products. The global crypto market is showing signs of recovery and is currently valued at $2.18 trillion. Prices of cryptocurrencies over last 24 hours (Coin Market Cap) Is bitcoin in a bear market? Tuesday 14 December 2021 12:57 , Anthony Cuthbertson The latest price dip has led crypto analysts and commentators to question whether bitcoin has entered a bear market after months of bullish gains. Cryptocurrency investor and popular Twitter commentator Lark Davis has shared a thread explaining why he doesnt believe bitcoin is looking bearish. Davis points to various data points and on-chain analysis to back up this opinion, including market sentiment, ramped up support lines and decreasing exchange balances. Fear is high, prices are down, BUT fundamentals are strong, on chain data looks good, and technicals are holding up, he writes. On chain data also remains bullish. IE BTC exchange balances which keep dropping as the dip continues to be bought. pic.twitter.com/nC5Evjuy0A Lark Davis (@TheCryptoLark) December 14, 2021 BREAKING: Tesla to accept dogecoin payments - Elon Musk Tuesday 14 December 2021 11:04 , Anthony Cuthbertson Tesla will soon start accepting payments in dogecoin, Elon Musk has revealed, though only for merchandise and not for cars. Tesla will make some merch buyable with Doge & ...
- Reddit Posts (Sample): [['u/JasonFischer774', 'Help hold the New Zealand Police accountable', 459, '2022-01-13 00:14', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/', 'Hello, I have a freind in New Zealand who is also a fellow gun owner who had his firearms sized by the police. I am posting this for him as he is worried about the police reading his reddit, please read his story and if you can support his GoFundMe or if you prefer you can use the BitCoin link. Thank you!\n\n&#x200B;\n\n>Good Morning everybody. \n> \n>I would like to ask for some assistance. \n> \n>When the country was pushed into level 4 lockdown in August 2021 I received a visit from the police. The police then and there suspended my firearms license and took all my firearms away from me. \n> \n>In the process they managed to \'lose\' one of my firearms as well as 500 rounds of ammunition for said firearm. \n> \n>Since then they have revoked my licence and have completely disregarded everything said in letters written by both myself and my lawyer. \n> \n>Their reasons for revoking my license include: \n> \n>"Trespassing on land where I was shooting" - Even with letters from the landowner expressly stating that I had permission to be there, Police still seem to believe that this is grounds for revocation. \n> \n>"Shooting in or near a dwellingplace" - I live in a rural area and shot my .22 rifle at a steel target with over 700m of clear land behind my shot. Police state this was dangerous. \n> \n>I have come to the stage where my next step is to take the police the court. Unfortunately this step comes with a cost. \n> \n>"I am once again asking for your financial support" - Bernie Sanders \n> \n>If you are in a position to donate to my legal fund and are willing to do so please let me know. Any donations would be much appreciated and ever little bit helps. My lawyer estimates $5,000 - $10,000 for court costs. \n> \n>I am 19 years old, am a recruit volunteer firefighter and work full time. \n> \n>I am happy to discuss this further if you have any questions. \n> \n>Thank you for your time people and hope you are all doing well \n> \n>Regards, \n> \n>Aidan.\n\n**GoFundMe:**\n\n[https://www.gofundme.com/f/help-me-fight-the-police?utm\\_source=customer&utm\\_medium=copy\\_link&utm\\_campaign=p\\_cf+share-flow-1](https://www.gofundme.com/f/help-me-fight-the-police?utm_source=customer&utm_medium=copy_link&utm_campaign=p_cf+share-flow-1)\n\n**Bitcoin:**\n\nbc1qx5kn4rjuapjntdj3pmklm905xrgqgmu6p0yvcr', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/', 's2jwra', [['u/whyintheworldamihere', 138, '2022-01-13 00:21', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsez7ij/', 'Best of luck to him. Your country is a lost cause. That money would be better spent moving to Texas.', 's2jwra'], ['u/Moldy_Ass_Juice', 217, '2022-01-13 00:54', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsf3xuz/', "how tf do I know he didn't vote in the people who drafted their gun control legislation? \n\n>I am posting this for him as he is worried about the police readding his reddit\n\nHe has more problems then being a gun-owner if above is true, Police showed up and he complied with giving up his guns knowing he can't talk online about his Gov? Is this something I'm too American to understand?", 's2jwra'], ['u/ThatNahr', 98, '2022-01-13 01:38', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsf9mcr/', 'GoFundMe to move the dude to the US would’ve gotten more support lol', 's2jwra'], ['u/fuckoffplsthanksalot', 155, '2022-01-13 01:45', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfagd0/', "> as he is worried about the police reading his reddit\n\nThe way Kiwiland is going, that's a legit fear. I think even if he successfully sues, the cops will just give him broken guns and all the ammo is gone, regardless.", 's2jwra'], ['u/chaos021', 57, '2022-01-13 01:48', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfau2z/', "No. I don't understand pleading his case internationally. This is your government and this isn't like a Tiannenman Square incident so what do you expect from outsiders? They took your shit (legally or no). I'd give you the same advice as someone in the states: Talk to a lawyer.", 's2jwra'], ['u/SmoothBrainRomeo', 35, '2022-01-13 02:02', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfcdtv/', 'Seconded. Texas is beautiful.', 's2jwra'], ['u/emperor000', 64, '2022-01-13 02:38', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfh2yk/', 'Sadly he probably just needs to cut his losses and move to the US.', 's2jwra'], ['u/jamico-toralen', 65, '2022-01-13 02:54', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfj7p4/', 'Your guns are gone. Go move to the US.', 's2jwra'], ['u/defundpolitics', 47, '2022-01-13 03:07', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfl1z1/', 'Or make him dissappear.', 's2jwra'], ['u/[deleted]', 17, '2022-01-13 03:17', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfmf7n/', 'Not a single donation yet, but it doesnt matter cause gofundme is sure in shit gonna take it down', 's2jwra'], ['u/ajdrc9', 11, '2022-01-13 03:17', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfmgb6/', 'New Cuckland 🥴🥴🥴', 's2jwra'], ['u/Human-Speaker1690', 49, '2022-01-13 03:33', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfonwf/', "I'm sorry, but I don't think I can donate. While I am deeply sympathetic, it's obvious that this is a lost cause. Even if he were able to get his gun back in court, we all know that it will be taken from him again once the NZ government bans whatever he has left. If he values gun rights, he should save his money and move to the US. The people of NZ have chosen the path that leads to tyranny and unfortunately will probably never escape it.", 's2jwra'], ['u/Muttlicious', 14, '2022-01-13 03:59', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfs8jw/', 'No proof, no money.', 's2jwra'], ['u/Bm7465', 75, '2022-01-13 04:03', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfsrw9/', 'Yep. Even if this kid wins they’ll be taken for “online right wing radicalism” if they discover the go fund me. \n\nNZ & Australia are the 2 countries where their citizens were begging the government to lock them up harder during COVID. Lost cause & back to the prison colonies they were started as.', 's2jwra'], ['u/Methadras', 20, '2022-01-13 04:09', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsftmk0/', "As much as I'm sympathetic to this guy, he lives in a country that hates him and will do everything in its power to crush him. This is a clear example of how government permitting your ability to own a firearm can be revoked by that very government. This is why in the US any laws that infringe on the right to bear arms are illegal even obtaining a permit to own or bear a firearm. What government can give, it can take away. If a right requires a permit to be exercised, then it is no longer a right.", 's2jwra'], ['u/Major_Cupcake', 14, '2022-01-13 04:39', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfxg5i/', 'Good luck to your friend. As a New Zealander myself, he should cut his losses and just use that extra money to get himself settled to NH, and while at it, get himself some nice kit to recoup his losses. Our gun owners allowed that law to pass nearly 3 years ago, and now we are starting to pay the price.', 's2jwra'], ['u/lost_imgurian', 10, '2022-01-13 04:42', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsfxtnd/', 'Move to a free state in the USA. I did and immigrated from NL to increase my freedom (unfortunately ended up in CA 🙄 oh well)', 's2jwra'], ['u/bshr49', 10, '2022-01-13 04:59', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsg02om/', "You can still move to a free state, I don't think CA counts as being free.", 's2jwra'], ['u/wilburschocolate', 11, '2022-01-13 05:29', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsg3ovu/', 'Because he’s a 19 year old kid who could only have voted for the last year or two and these laws have been in place longer?', 's2jwra'], ['u/tax-this-dick', 20, '2022-01-13 05:51', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsg69bm/', 'I’d buy that for a dollar. No shit, I’d give the guy at least $50 out of good will. But I’m not paying the cost for some guy that got the shit end of the stick in a shithole country, hell no.', 's2jwra'], ['u/tax-this-dick', 12, '2022-01-13 05:52', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/hsg6dlp/', 'Lmao one way ticket to Mexico, hop the fence and he might even get paid doing it. Fuck, I should do that.', 's2jwra'], ['u/RojerLockless', 15, '2022-01-13 06:01', 'https://www.reddit.com/r/gunpolitics/comments/s2jwra/help_hold_the_new_zealand_police_accountable/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.
|
43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80
|
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 market relief stemming FED Chair Powell testimony on Tuesday was short-lived. A 2-day winning streak came to an end on Thursday, with a 2.51% slide in the NASDAQ weighing on the crypto majors.\nHawkish chatter from FOMC members weighed on riskier assets on Thursday. A number of FOMC members talked of the need for a March rate hike. Amongst them, some talked of the need for more than 3 hikes this year to curb inflation. The comments were in contrast to FED Chair Powell’s testimony that had supported riskier assets mid-week.\nBitcoin (BTC) fell by 3.06% to end the day at $42,576. Elsewhere, Chainlink (LINK) tumbled by 7.05% with Cardano’sADAsliding by 6.09%. Things were not much better for Ethereum (ETH) and Litecoin (LTC), which ended the day down by 3.89% and by 3.66% respectively.\nThe Thursday sell-off saw the crypto market cap fall from a day high $2,119bn to a low $1,992bn before a partial recovery.\nIn spite of the pullback, theBitcoin Fear & Greed Indexremained unchanged at 21/100 and in the red. A level in the red and close to or at zero indicates investor fear of further price declines.\nEarlier this week, the IMF hadraised concernsover the interconnectedness of cryptos and the global financial markets. Thursday’s moves across the U.S equity markets and the crypto market provided further evidence of interconnectedness. The IMF’s comments had followed on from concerns raised by theBank of Englandover cryptos and UK financial stability.\nMovements across the global financial markets and the crypto market will likely give regulators more reason to move quickly towards a global regulatory framework for the crypto market.\nWith movements across the crypto market now hinged on market sentiment towards FED monetary policy, we can expect more influence from U.S economic data and FOMC member chatter near-term.\nLater today, U.S retail sales figures will give a sense of what impact inflation is having on consumer spending. Any FOMC member chatter will also need considering\nFor Bitcoin, a break back through to $44,000 levels would be needed to bring $45,000 levels and January’s high $47,979 into play. With market jitters over FED monetary policy in play, however, we can expect plenty of resistance at Thursday’s high $44,443.\nA fall back to sub-$41,500 levels would bring sub-$40,000 and Monday’s low $39,668 into play.\nAt the time of writing, Bitcoin was down by 0.25% to $42,470.\nThisarticlewas originally posted on FX Empire\n• Silver Prices Consolidate Breaking 3-day Winning Streak\n• E-mini S&P 500 Could Be Forming Bearish Secondary Lower Top\n• The USD/CAD Decline Below the 200-day Moving average on Soft PPI\n• Aussie, Kiwi Wilt as Hawkish Fed Talk Weighs on Risky Assets\n• Procter & Gamble on Track to Beat Earnings Estimates Again\n• European Equities: Economic Data, ECB President Lagarde, and U.S Earnings in Focus', 'Crypto market relief stemming FED Chair Powell testimony on Tuesday was short-lived. A 2-day winning streak came to an end on Thursday, with a 2.51% slide in the NASDAQ weighing on the crypto majors.\nHawkish chatter from FOMC members weighed on riskier assets on Thursday. A number of FOMC members talked of the need for a March rate hike. Amongst them, some talked of the need for more than 3 hikes this year to curb inflation. The comments were in contrast to FED Chair Powell’s testimony that had supported riskier assets mid-week.\nBitcoin (BTC) fell by 3.06% to end the day at $42,576. Elsewhere, Chainlink (LINK) tumbled by 7.05% with Cardano’sADAsliding by 6.09%. Things were not much better for Ethereum (ETH) and Litecoin (LTC), which ended the day down by 3.89% and by 3.66% respectively.\nThe Thursday sell-off saw the crypto market cap fall from a day high $2,119bn to a low $1,992bn before a partial recovery.\nIn spite of the pullback, theBitcoin Fear & Greed Indexremained unchanged at 21/100 and in the red. A level in the red and close to or at zero indicates investor fear of further price declines.\nEarlier this week, the IMF hadraised concernsover the interconnectedness of cryptos and the global financial markets. Thursday’s moves across the U.S equity markets and the crypto market provided further evidence of interconnectedness. The IMF’s comments had followed on from concerns raised by theBank of Englandover cryptos and UK financial stability.\nMovements across the global financial markets and the crypto market will likely give regulators more reason to move quickly towards a global regulatory framework for the crypto market.\nWith movements across the crypto market now hinged on market sentiment towards FED monetary policy, we can expect more influence from U.S economic data and FOMC member chatter near-term.\nLater today, U.S retail sales figures will give a sense of what impact inflation is having on consumer spending. Any FOMC member chatter will also need considering\nFor Bitcoin, a break back through to $44,000 levels would be needed to bring $45,000 levels and January’s high $47,979 into play. With market jitters over FED monetary policy in play, however, we can expect plenty of resistance at Thursday’s high $44,443.\nA fall back to sub-$41,500 levels would bring sub-$40,000 and Monday’s low $39,668 into play.\nAt the time of writing, Bitcoin was down by 0.25% to $42,470.\nThisarticlewas originally posted on FX Empire\n• Silver Prices Consolidate Breaking 3-day Winning Streak\n• E-mini S&P 500 Could Be Forming Bearish Secondary Lower Top\n• The USD/CAD Decline Below the 200-day Moving average on Soft PPI\n• Aussie, Kiwi Wilt as Hawkish Fed Talk Weighs on Risky Assets\n• Procter & Gamble on Track to Beat Earnings Estimates Again\n• European Equities: Economic Data, ECB President Lagarde, and U.S Earnings in Focus', 'Crypto market relief stemming FED Chair Powell testimony on Tuesday was short-lived. A 2-day winning streak came to an end on Thursday, with a 2.51% slide in the NASDAQ weighing on the crypto majors. Hawkish chatter from FOMC members weighed on riskier assets on Thursday. A number of FOMC members talked of the need for a March rate hike. Amongst them, some talked of the need for more than 3 hikes this year to curb inflation. The comments were in contrast to FED Chair Powell\x92s testimony that had supported riskier assets mid-week. Bitcoin ( BTC ) fell by 3.06% to end the day at $42,576. Elsewhere, Chainlink ( LINK ) tumbled by 7.05% with Cardano\x92s ADA sliding by 6.09%. Things were not much better for Ethereum ( ETH ) and Litecoin ( LTC ), which ended the day down by 3.89% and by 3.66% respectively. The Thursday sell-off saw the crypto market cap fall from a day high $2,119bn to a low $1,992bn before a partial recovery. In spite of the pullback, the Bitcoin Fear & Greed Index remained unchanged at 21/100 and in the red. A level in the red and close to or at zero indicates investor fear of further price declines. Interconnectedness with U.S Markets to Raise More Regulatory Concerns Earlier this week, the IMF had raised concerns over the interconnectedness of cryptos and the global financial markets. Thursday\x92s moves across the U.S equity markets and the crypto market provided further evidence of interconnectedness. The IMF\x92s comments had followed on from concerns raised by the Bank of England over cryptos and UK financial stability. Movements across the global financial markets and the crypto market will likely give regulators more reason to move quickly towards a global regulatory framework for the crypto market. For the Day Ahead With movements across the crypto market now hinged on market sentiment towards FED monetary policy, we can expect more influence from U.S economic data and FOMC member chatter near-term. Later today, U.S retail sales figures will give a sense of what impact inflation is having on consumer spending. Any FOMC member chatter will also need considering Story continues For Bitcoin, a break back through to $44,000 levels would be needed to bring $45,000 levels and January\x92s high $47,979 into play. With market jitters over FED monetary policy in play, however, we can expect plenty of resistance at Thursday\x92s high $44,443. A fall back to sub-$41,500 levels would bring sub-$40,000 and Monday\x92s low $39,668 into play. At the time of writing, Bitcoin was down by 0.25% to $42,470. This article was originally posted on FX Empire More From FXEMPIRE: Silver Prices Consolidate Breaking 3-day Winning Streak E-mini S&P 500 Could Be Forming Bearish Secondary Lower Top The USD/CAD Decline Below the 200-day Moving average on Soft PPI Aussie, Kiwi Wilt as Hawkish Fed Talk Weighs on Risky Assets Procter & Gamble on Track to Beat Earnings Estimates Again European Equities: Economic Data, ECB President Lagarde, and U.S Earnings in Focus', 'While the broader crypto market saw deep red on Thursday, Dogecoin (DOGE) was on the move.\nOn Thursday, DOGE rallied by 7.85% to end the day at $0.1758. It was a 3rdconsecutive day in the green, with the previous 2 gains coming off the back of FED Chair Powell testimony.\nDelivering support on the day wasnewsofTeslatesting DOGE as a payment option. According to the latest news, the DOGE payment option was added for testing a few days ago. A software engineer reportedly analyzed source code. There have yet to be any comments from Tesla, however. Nonetheless, it’s not the first time that Elon Musk and Tesla have been in the cryptos news.\nLate last year,news had hit the wiresof an Elon Musk Tweet stating “Tesla will make some merch buyable with Doge & see how it goes”. Meme coins continue to respond to chatter from Elon Musk, who remains a staunch ally of DOGE and Shiba Inu Coin (SHIB).\nMore significantly, Tesla had purchased a sizeable Bitcoin (BTC) holding early last year. In February,news had hit the wiresof a Bitcoin breakout, driven by Tesla purchasing $1.5bn of Bitcoin. Following the purchase, Tesla also announced accepting Bitcoin for car payments.\nSince then, however, Tesla has ceased to accept Bi
**Last 60 Days of Bitcoin's Closing Prices:**
[63557.87, 60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-14
**Financial & Commodity Data:**
- Gold Closing Price: $1816.50
- Crude Oil Closing Price: $83.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $805,348,001,082
- Hash Rate: 192633660.89492777
- Transaction Count: 270882.0
- Unique Addresses: 688859.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.21
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Ethereum ( ETH/USD ) has been a stand-out performer since the start of the week in cryptocurrency markets this week. For what its worth, crypto markets have been having a good week and have broadly continued to push higher since last Fridays Omicron Covid-19 variant-related risk-off driven decline. The overall crypto market cap on Wednesday morning was back above $2.6T from the weekends sub $2.4T lows, marking a more than 12% recovery from recent lows. The market cap of the overall market has been unable to move back above $2.7T, an area that has acted as resistance now going back to mid-November. Ethereum breaks higher, ATHs in sight? In contrast to the broader markets struggles to break out, ETH on Tuesday surged above a key downtrend that had been capping the price action going back to the November 10 th record highs and also managed to push above last weeks near $4600 highs. Those gains came despite a downturn in the markets broader appetite for risk assets on Tuesday amid concerns about vaccine efficacy versus the Omicron variant and worries about the US Federal Reserve removing monetary stimulus faster than expected in spite of pandemic risks. ETHs positive momentum has carried through into Wednesdays session, with the cryptocurrency now closer to $4800, taking its on-the-week gains to north of 10%. At current levels, ETH/USD is only about 2.5% below its record highs, a distance that crypto investors know can be covered in very short order in the highly volatile crypto space. On the four-hour candlesticks, ETH/USD has become overbought. The cryptocurrencys 14-period Relative Strength Indicator (RSI) was slightly above 74.00 on Wednesday, its highest since the 9 th of November, the day before the markets previous top. An RSI score above 70.00 is typically seen as indicative of conditions having become overbought. In the short term, that could act to deter further buyers from piling in. ETH/USD breaks higher towards ATHs. Source: FXEmpire But on the daily candlesticks, the RSI score is a much more modest 59.50, implying that there is plenty of room for further gains in the medium-term without conditions becoming overbought. Few crypto investors would be surprised to see Ethereum hit fresh record highs later on Wednesday or at some point later in the week. Story continues Ethereum continues to outperform Bitcoin One notable crypto market development this week has been the surge higher in the ethereum/bitcoin ratio. ETH/BTC surged above its previous record high from back in May at 0.08232 to move above 0.083 for the first time. In other words, the value of one ethereum has now surpassed 8.3% of one bitcoin. Wednesdays move higher in the ratio takes ETH/BTCs gains on the week to above 10%, after the crypto pair began the week closer to 0.075. The recent move high marks a breakout from a pennant that had constrained the price action between 0.055-0.080ish parameters for most of the last three and a half months. ETH/BTC breaks out to fresh record highs above 0.083. Source: TradingView As of Wednesday, ethereums market capitalisation was slightly more than $560B, slightly more than half of bitcoins $1.08T. But ethereum has seen stunning catch up to its older peer bitcoin in 2021 , with gains on the year of more than 500% versus less than 100% for bitcoin. According to crypto analyst CEO and co-founder of crypto platform FRNT Financial Inc Stephane Ouellette, who spoke to Bloomberg on Tuesday, the current BTC trading window seems to associate the asset more with global currency trends, inflation hedges, etc
while ETH has, at least from a current market perception standpoint, higher correlations with the growth of crypto sub-sectors. These growth subsectors include DeFi, non-fungible tokens and the so-called metaverse, he added. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD: Loonie Strengthens as Crude Oil Prices Bounce Back Ahead of OPEC Meeting Daily Gold News: Wednesday, Dec. 1 Gold Keeps Trading Below $1,800 Bitcoin Price Prediction A Break Through to $59,500 Needed to Bring $60,000 back into Play MonoX Losses Over $30 million in WETH and MATIC GBP/USD Daily Forecast U.S. Dollar Pulls Back After Yesterdays Rally Economic Data Delivers Mixed Results for the EUR Ahead of U.S Stats and FED Chair Powell Testimony...
- 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.
|
43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33
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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:**
['It\x92s been a busy few months on the crypto regulatory front. Late last year, the Bank of England opened the floodgates, talking of the need for a global regulatory framework for the crypto market. Recent Regulator Activity Since then, numerous governments and regulators have increased crypto market related activity. These include U.S Congress , the RBI , the South Korean government . Even the IMF talked of concerns over interconnectedness between cryptos and the U.S markets and its impact on financial stability. One exchange that has recently been in the news as it ramps up its compliance division has been Binance ( BNB ). Last week, we reported on Binance and its latest recruits. At the turn of the year, however, Binance had also fallen afoul of the Ontario Securities Commission (OSC). The OSC\x92s stance on cryptos was evident at the time. In reaction to a reported Binance mis-communication, the OSC stated \x93 Binance has issued a notice to its users, without any notification to the OSC, rescinding this commitment. This is unacceptable \x94. Binance had previously committed to not allowing new transactions involving Ontario residents after 31 st December, 2021. Bitfinex Bitfinex is a cryptocurrency exchange founded in 2012. In recent years, Bitfinex has also had plenty of news coverage. Back in 2015, the exchange was hacked, leading to a loss of around $400,000 equivalent in Bitcoin ( BTC ). A year later, the U.S Commodity Futures Trading Commission (CFTC) fined Bitfinex for offering illegal commodity transactions. In the same year, Bitfinex also experienced a securities breach, leading to the theft of over 100,000BTC. Banking relationships also reportedly went south, with U.S Bank Wells Fargo cancelling its wire transfers. In 2019, the New York Attorney General launched an investigation, alleging that Bitfinex was using its Tether (USDT) reserves. In October of last year, the CFTC once more fined Bitfinex, this time for $1.5m. The fine was for illegal, off-exchange retail commodity transactions in digital assets with Americans. (Source: Wikipedia ) With a laundry list of security breaches and fines, news hit the wires overnight that Bitfinex will cease all services in Ontario, Canada effective 1 st March. According to the announcement , Bitfinex will close all Ontario customer accounts that do not have balances. Ontario customers with no open positions or open margin positions or borrowing positions will no longer have access. As at 1 st March 2022, Ontario customers will no longer have access to any services. All Ontario customers should withdraw funds by 1 st March 2022. Story continues At the time of writing, there had been no news relating to Bitfinex on the OSC News Releases section . This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Trying to Hang On for The Week Gold Prices Slip as Treasury Yields Rise to Fresh 23-Month Highs Secret (SCRT) Jumps 16% on Friday, as Film NFT Chatter Builds ahead of Tarantino NFT Sale USD/CAD Rebounds Despite Soft U.S. Data The Weekly Wrap \x96 U.S Inflation and FED Commentary Delivered a Choppy Week for the Markets S&P 500 Bounces After Initial Selloff View comments', 'It’s been a busy few months on the crypto regulatory front. Late last year, theBank of Englandopened the floodgates, talking of the need for a global regulatory framework for the crypto market.\nSince then, numerous governments and regulators have increased crypto market related activity. These includeU.S Congress, theRBI, theSouth Korean government. Even theIMFtalked of concerns over interconnectedness between cryptos and the U.S markets and its impact on financial stability.\nOne exchange that has recently been in the news as it ramps up its compliance division has been Binance (BNB). Last week, wereportedon Binance and its latest recruits. At the turn of the year, however, Binance had also fallen afoul of the Ontario Securities Commission (OSC).\nThe OSC’s stance on cryptos was evident at the time. In reaction to a reported Binance mis-communication, the OSC stated “Binance has issued a notice to its users, without any notification to the OSC, rescinding this commitment. This is unacceptable”. Binance had previously committed to not allowing new transactions involving Ontario residents after 31stDecember, 2021.\nBitfinex is a cryptocurrency exchange founded in 2012.\nIn recent years, Bitfinex has also had plenty of news coverage. Back in 2015, the exchange was hacked, leading to a loss of around $400,000 equivalent in Bitcoin (BTC). A year later, the U.S Commodity Futures Trading Commission (CFTC) fined Bitfinex for offering illegal commodity transactions. In the same year, Bitfinex also experienced a securities breach, leading to the theft of over 100,000BTC. Banking relationships also reportedly went south, with U.S Bank Wells Fargo cancelling its wire transfers. In 2019, the New York Attorney General launched an investigation, alleging that Bitfinex was using its Tether (USDT) reserves. In October of last year, the CFTC once more fined Bitfinex, this time for $1.5m. The fine was for illegal, off-exchange retail commodity transactions in digital assets with Americans. (Source:Wikipedia)\nWith a laundry list of security breaches and fines,news hit the wiresovernight that Bitfinex will cease all services in Ontario, Canada effective 1stMarch.\nAccording to theannouncement,\n• Bitfinex will close all Ontario customer accounts that do not have balances.\n• Ontario customers with no open positions or open margin positions or borrowing positions will no longer have access.\n• As at 1stMarch 2022, Ontario customers will no longer have access to any services.\n• All Ontario customers should withdraw funds by 1stMarch 2022.\nAt the time of writing, there had been no news relating to Bitfinex on theOSC News Releases section.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Trying to Hang On for The Week\n• Gold Prices Slip as Treasury Yields Rise to Fresh 23-Month Highs\n• Secret (SCRT) Jumps 16% on Friday, as Film NFT Chatter Builds ahead of Tarantino NFT Sale\n• USD/CAD Rebounds Despite Soft U.S. Data\n• The Weekly Wrap – U.S Inflation and FED Commentary Delivered a Choppy Week for the Markets\n• S&P 500 Bounces After Initial Selloff', 'It was a bullish session for Bitcoin ( BTC ) and the broader crypto market on Friday. Market jitters over FED monetary policy and hawkish FOMC member chatter from Thursday abated at the end of the week. On Wednesday, U.S inflation looked to have change the trajectory of interest rates. A number FOMC members spoke of the need for possibly 4 rate hikes to curb inflation on Thursday. In December, the U.S annual rate of inflation had hit the highest level since 1982. Hawkish chatter had left Bitcoin in the red in response. The moves across the crypto market were aligned with those of the U.S equity markets, which also suffered heavy losses on the Day. Bitcoin fell by 3.02% on Thursday, with the NASDAQ ending the day down by 2.51%. Greater interest in movement across both the U.S equity and crypto market comes following concerns highlighted by the IMF this week over interconnectedness between the two markets. Movement across the markets on Friday, however, were positive. The NASDAQ rose by 0.59% with Bitcoin ending the day up by 1.19%. Elsewhere, Litecoin ( LTC ) ended the day up by 5.86%, with Ethereum ( ETH ) up by 2.12%. In response to the market moves, the crypto market cap rose from a Friday low $1,975bn to a day high $2,087bn. Coming off the back of the shift in market sentiment, the Bitcoin Fear & Greed Index increased from 21/100 to 23/100. While up on the day, a level in the red and close to or at zero indicates investor fear of further price declines. A move back through to 30 levels, mid-orange, would be a buy signal on a trend basis. For the Day Ahead With the global financial markets closed, there are no key drivers for the markets to consider over the weekend. The lack of influence from the U.S markets will leave investors to consider recent regulatory activity and what impact a more aggressive FED move on interest would mean for the crypto markets. At the time of writing, Bitcoin down by 0.16% to $43,019. A move back through Thursday’s current week high $44,443 would bring $45,000 levels into play for the first time since 5 th January. With sentiment across the crypto market still bearish, however, plenty of support would be needed for a breakout from $43,500 levels. Story continues A fall back to sub-$42,000 could see Bitcoin test support at $40,000 before any recovery. This article was originally posted on FX Empire More From FXEMPIRE: Secret (SCRT) Jumps 16% on Friday, as Film NFT Chatter Builds ahead of Tarantino NFT Sale Gold Prices Slip as Treasury Yields Rise to Fresh 23-Month Highs USD/CAD Tests Resistance At 1.2550 The Weekly Wrap – U.S Inflation and FED Commentary Delivered a Choppy Week for the Markets European Equities: A Week in Review – 14/01/22 USD/CAD Rebounds Despite Soft U.S. Data', 'It was a bullish session for Bitcoin ( BTC ) and the broader crypto market on Friday. Market jitters over FED monetary policy and hawkish FOMC member chatter from Thursday abated at the end of the week. On Wednesday, U.S inflation looked to have change the trajectory of interest rates. A number FOMC members spoke of the need for possibly 4 rate hikes to curb inflation on Thursday. In December, the U.S annual rate of inflation had hit the highest level since 1982. Hawkish chatter had left Bitcoin in the red in response. The moves across the crypto market were aligned with those of the U.S equity markets, which also suffered heavy losses on the Day. Bitcoin fell by 3.02% on Thursday, with the NASDAQ ending the day down by 2.51%. Greater interest in movement across both the U.S equity and crypto market comes following concerns highlighted by the IMF this week over interconnectedness between the two markets. Movement across the mark
**Last 60 Days of Bitcoin's Closing Prices:**
[60161.25, 60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-15
**Financial & Commodity Data:**
- Gold Closing Price: $1816.50
- Crude Oil Closing Price: $83.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $815,879,963,345
- Hash Rate: 201114388.1041385
- Transaction Count: 234373.0
- Unique Addresses: 619262.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Shares ofStarbucks CorporationSBUX have gained 10.6% in the past year compared with the industry’s growth of 15%. Although the stock has underperformed the industry in 2021, it is likely to perform well in 2022. Robust expansion efforts, comps growth and digitalization bode well for the company. Let’s delve deeper.
Starbucks continues to focus on expansion efforts to drive growth. In fiscal 2019, Starbucks added 1,900 net new stores. In 2018 and 2017, the company had added 2,300 and 2,250 net new locations, respectively. Despite the pandemic, the company opened 130 and 260 net new stores in the third and fourth-quarter fiscal 2020, respectively. Moreover, the company inaugurated 1,400 new stores in fiscal 2020. In fiscal 2021, Starbucks opened 1,173 net new stores worldwide, bringing the total store count to 33,833. The company expects to open nearly 2,000 net new stores worldwide in fiscal 2022.In terms of expansion in China, Starbucks opened 225 net new stores (in the fiscal fourth quarter) and 654 net new stores (in fiscal 2021), thereby bringing the total count to 5,360 stores in the region. The company plans to build 600 net new stores annually over the next five years in Mainland China, which will double its store count from the end of fiscal 2017 to 6,000 across 230 cities.The company’s U.S. comps have impressed investors for the third straight quarter. In fourth-quarter fiscal 2021, the company’s North America segment reported comps growth of 22% year over year, owing to an 18% increase in transaction comps and a 3% rise in average ticket. U.S. comps rose 20% in the fiscal fourth quarter, owing to a material increase in transaction comps of 19%. The company now anticipates global comparable sales to reach high-single digits in fiscal 2022.The Zacks Rank #3 (Hold) company is also focusing on digitalization. The company made progress with respect to personalized digital relationship to expand reach with members. This includes program enhancements like Stars for Everyone. Starbucks initiated payment partnerships with PayPal and Bakkt, thereby allowing customers to reload their Starbucks cards through a range of cryptocurrencies (including Bitcoin and Ethereum), coupled with the option of converting digital currencies to physical currency. Notably, the company is exploring the blockchain platform for ways to connect Starbucks Rewards program with other merchant reward programs, coupled with the motive of tokenization of stars. The initiative paves a path for the exchange of value across brands, enhanced digital services as well as swapping of other loyalty points for stars. To support this initiative, the company recently launched Canadian loyalty program with Air Canada.
Image Source: Zacks Investment Research
Some better-ranked stocks in the same space includePapa John's International, Inc.PZZA,Arcos Dorados Holdings Inc.ARCO andMcDonald's CorporationMCD.Papa John's currently carries a Zacks Rank #2 (Buy). The company benefits from its off-premise business model. Sales at off-premise business model have exceeded pre-pandemic levels. We believe that a boost in customer count coupled with targeted off-premise marketing is likely to drive the channel’s performance in the upcoming periods.You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Papa John's has a trailing four-quarter earnings surprise of 27.2%, on average. The company’s fiscal 2021 earnings is likely to witness growth of 142.1%. PZZA stock has gained 64.2% in the past year.Arcos Dorados carries a Zacks Rank #2. ARCO has has a long-term earnings growth of 42.9%. Shares of the company have increased 13.1% so far this year.The Zacks Consensus Estimate for Arcos Dorados’ current financial-year sales and EPS suggests growth of 31% and 112.5%, respectively, from the year-ago period’s levels.McDonald’s carries a Zacks Rank #2. A robust drive-thru presence and investments in delivery and digitization in the past few years have helped the company to tide over the pandemic. The company has a trailing four-quarter earnings surprise of 6.8%, on average.The Zacks Consensus Estimate for McDonald's current financial year sales and EPS suggests growth of 20.9% and 55.7%, respectively, from the year-ago period’s levels. MCD has rallied 28% in the past year.
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 reportStarbucks Corporation (SBUX) : Free Stock Analysis ReportMcDonald's Corporation (MCD) : Free Stock Analysis ReportPapa John's International, Inc. (PZZA) : Free Stock Analysis ReportArcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research...
- Reddit Posts (Sample): [['u/Overall_Leg9894', 'Price potential.', 25, '2022-01-15 00:58', 'https://www.reddit.com/r/LitecoinMarkets/comments/s46fxt/price_potential/', 'I’m new to crypto so I decided to buy around $5k when it launched on PayPal($160 ish I think it was).\nOne thing I don’t understand with litecoin is why is it so cheap? It’s been around a while, dirt cheap transfer fees, secure. It’s basically just a copy of Bitcoin but with 4x the supply.\n\nSo if Bitcoin is currently at $40k, then what is the reason why we are not $10k? Or at least somewhere in that area. There’s no way most of the shitcoins with higher market cap have better utility.', 'https://www.reddit.com/r/LitecoinMarkets/comments/s46fxt/price_potential/', 's46fxt', [['u/Overall_Leg9894', 11, '2022-01-15 01:24', 'https://www.reddit.com/r/LitecoinMarkets/comments/s46fxt/price_potential/hsp9he0/', 'I see back I December when litecoin showed as being a currency with the lowest price manipulation risk. I usually only do stocks, the chart is looking bullish tonight', 's46fxt'], ['u/stileyyy', 13, '2022-01-15 02:35', 'https://www.reddit.com/r/LitecoinMarkets/comments/s46fxt/price_potential/hspix28/', 'Lite coin actually gets used. That’s why', 's46fxt'], ['u/DarthRevan6969', 16, '2022-01-15 02:54', 'https://www.reddit.com/r/LitecoinMarkets/comments/s46fxt/price_potential/hsplc12/', 'Litecoin actually is used as what Cryptocurrencies were intended, an alternative form of currency. This keeps the prices ridiculously low in comparison to their far more popular older brother. \n\nBut, eventually that will pass. If you compare only the bottons of these past years then Litecoin is over 4x what it was a couple of years ago.', 's46fxt']]], ['u/laxpmp13', 'BBIG - squeeze play but also LONG term potential', 271, '2022-01-15 00:59', 'https://www.reddit.com/r/BBIG/comments/s46h39/bbig_squeeze_play_but_also_long_term_potential/', "Hello friends, I plan to post this on other subreddits on Monday as a chance to spread the word. I've posted a version of this earlier but this one is now up to date. Please take a few minutes to read and let me know if there is anything that should be added. I know a lot of people are in for the squeeze but the squeeze should be HUGE before people give up their shares due to the ACTUAL potential here. \n\n**Hello friends,**\n\n(This is not financial advice. There are a lot of great redditors with great posts but I will not have them linked here due to certain requirements for posting. All links below are from news, PR releases, and SEC filings.)\n\nHave you seen the current rally going on in BBIG?? It's only the beginning so I wanted to let you all know about Vinco Ventures (BBIG) and why it's a great short term play but even better LONG term play as well. This stock has been shorted for the past couple months but we have established a secure bottom with a strong reversal. SHF have been able to maintain downward pressure on the stock due to delays and due to end of year tax loss harvesting. Now those pressures are behind us and those pesky delays are coming to an end! We're not going to be at these low prices for long.\n\n**What is it all about??**\n\n* The main component of BBIG is an app called Lomotif which is a short-form video app (United States based version of tik tok)\n * [Singapore-Made Lomotif Is a Little Different From Other Video Applications (vulcanpost.com)](https://vulcanpost.com/13493/singapore-made-lomotif-little-different-video-applications/)\n * [Vinco Ventures and ZASH Global Media and Entertainment through their Joint Venture, ZVV Media Partners, Completes Acquisition of Lomotif (prnewswire.com)](https://www.prnewswire.com/news-releases/vinco-ventures-and-zash-global-media-and-entertainment-through-their-joint-venture-zvv-media-partners-completes-acquisition-of-lomotif-301340202.html)\n* Last year Lomotif was purchased in a joint deal between Zash and Vinco Ventures who are merging under the same ticker of BBIG.\n * [ZASH And Vinco Ventures Reposition Management Teams Across All ZASH Companies (prnewswire.com)](https://www.prnewswire.com/news-releases/zash-and-vinco-ventures-reposition-management-teams-across-all-zash-companies-301404387.html)\n * https://investorplace.com/2022/01/bbig-stock-could-rebound-with-companys-tiktok-like-app/\n* When the purchase was first announced there were 31 Million MAU's (monthly active users) already using the app. Since then they have had a huge roll-out in India, along with promotions at festivals, and an upcoming US launch slated for next year.\n * [Tiktok rival Lomotif launches in India with strategic partner Socialkyte (livemint.com)](https://www.livemint.com/brand-post/tiktok-rival-lomotif-launches-in-india-with-strategic-partner-socialkyte-11638271596452.html)\n * [Lomotif and ZASH Beta Test Social Media Reach and Frequency Tool in Partnership with EDC Las Vegas, Exceeding Expectations (prnewswire.com)](https://www.prnewswire.com/news-releases/lomotif-and-zash-beta-test-social-media-reach-and-frequency-tool-in-partnership-with-edc-las-vegas-exceeding-expectations-301423139.html)\n* The market cap of BBIG is currently only $400 million. The market cap of tik tok is currently estimated around $50 Billion with its parent company valuated at $425 Billion! Tik Tok is currently dominating but with Chinese ties that could change very quickly (remember tik tok is banned in many countries including India). The market cap of snapchat is $80 Billion so this company has a lot of growth and potential compared to its main competitors! \n * [TikTok creator ByteDance hits $425bn valuation on gray market - Nikkei Asia](https://asia.nikkei.com/Business/36Kr-KrASIA/TikTok-creator-ByteDance-hits-425bn-valuation-on-gray-market#:~:text=BEIJING%20%2D%2D%20The%20valuation%20of,Chinese%20technology%20news%20portal%2036Kr.)\n * As another comparison here is an Indian competitor's current market cap.\n * [India's ShareChat raises $266 mln for valuation of $3.7 bln | Reuters](https://www.reuters.com/markets/funds/indias-sharechat-raises-266-mln-valuation-37-bln-2021-12-16/)\n* A market cap of $1 billion would put our share price around $8. We've been evaluated previously at $5 billion which would be a $40 share price! 10x from where we are right now. Even more interesting is that the evaluation was from last year so we should be valued even higher now! This is all without considering any squeezes.\n * [https://investors.vincoventures.com/press-releases/detail/91/vinco-ventures-and-zash-global-media-and-entertainment](https://investors.vincoventures.com/press-releases/detail/91/vinco-ventures-and-zash-global-media-and-entertainment)\n\n**Other components of the brand include the following:**\n\n* They have launched LOMO records for artists\n * [ZASH Global Media and Lomotif Launch LoMo Records Label and Artist Services (kfyrtv.com)](https://www.kfyrtv.com/prnewswire/2021/10/18/zash-global-media-lomotif-launch-lomo-records-label-artist-services/)\n* They have also launched LOMO TV which will have reality shows and stream concerts\n * [Lomotif Welcomes its Special Guests Lil Nas X and The Kid Laroi to Electronic Daisy Carnival (EDC) (prnewswire.com)](https://www.prnewswire.com/news-releases/lomotif-welcomes-its-special-guests-lil-nas-x-and-the-kid-laroi-to-electronic-daisy-carnival-edc-301407116.html)\n* A key purchase last year was Adrizer which enables them to market and monetize Lomotif. AdRizer was already doing very well before it was bought with the current run rate to achieve $62+ million in revenues. A reminder that this was BEFORE it was connected to a growing social media app!!\n * [AdRizer, A Leading Ad-Tech Company, Has Agreed to be Acquired and Will Be Fully Integrated to Monetize Lomotif Platform (prnewswire.com)](https://www.prnewswire.com/news-releases/adrizer-a-leading-ad-tech-company-has-agreed-to-be-acquired-and-will-be-fully-integrated-to-monetize-lomotif-platform-301394869.html)\n* BBIG posted earnings that showed the company is investing their money and growing in leaps and bounds. Their biggest liability right now is warrants but in the long term that won't be on the balance sheet.\n * [Vinco Ventures, Inc. Reports Financial Results for the Third Quarter Ended September 30, 2021 :: Vinco Ventures, Inc. (BBIG)](https://investors.vincoventures.com/press-releases/detail/103/vinco-ventures-inc-reports-financial-results-for-the)\n* Alongside all this, they are spinning off a second company called Cryptyde which is involved in the metaverse, NFTS, and btc mining. I really recommend checking out the investor deck below for all the details. \n * [cryptyde\\_INVESTORDECK\\_01\\_PROOF (d1io3yog0oux5.cloudfront.net)](https://d1io3yog0oux5.cloudfront.net/_0662fe5c340ea922ec34068aa8732c34/vincoventures/db/295/2312/pdf/cryptyde_INVESTORDECK_01_Final_F1-compressed%5B64%5D.pdf)\n * [https://www.nasdaq.com/articles/cryptocurrency-mining-could-be-the-key-to-success-for-vinco-ventures](https://www.nasdaq.com/articles/cryptocurrency-mining-could-be-the-key-to-success-for-vinco-ventures)\n * https://www.globenewswire.com/news-release/2021/11/01/2324418/0/en/Vinco-Ventures-Spin-Off-Subsidiary-Cryptyde-Announces-Launch-of-Joint-Venture-Entity-Focused-on-BTC-Mining-Ecosystem.html\n* The first NFT they created sold out a MILLION copies in under a minute.\n * [Tory Lanez Sells 1 million copies of his NFT album - In fifty-seven seconds (nftevening.com)](https://nftevening.com/tory-lanez-sells-1-million-copies-of-his-nft-album-in-fifty-seven-seconds/)\n * [Cryptyde, Inc. Announces Nick Cannon &amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp; The Ncredible Gang's First NFT Album (prnewswire.com)](https://www.prnewswire.com/news-releases/cryptyde-inc-announces-nick-cannon--the-ncredible-gangs-first-nft-album-301425463.html)\n * https://theblast.com/155774/rapper-drake-could-make-50-million-from-nft-series-says-tory-lanez/\n* Their metaverse play is already making moves 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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43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00
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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:**
['Mortgage rates were on the rise once more in the second week of 2022. In the week ending 13 th January, 30-year fixed rates surged by 23 basis points to 3.45%. 30-year fixed rates had risen by 11 basis points in the week prior. As a result, 30-year fixed rates held above the 3% mark for an 9 th consecutive week. Compared to this time last year, 30-year fixed rates were up by 80 basis points. 30-year fixed rates were still down by 149 basis points, however, since November 2018\x92s last peak of 4.94%. Economic Data from the Week It was a relatively quiet first half of the week on the U.S economic calendar. Key stats included December inflation figures on Wednesday. In December, the U.S annual rate of inflation accelerated from 6.8% to 7.0%, the highest since 1982. The core annual rate of inflation picked up from 4.9% to 5.5%. On the monetary policy front, FED Chair Powell had given testimony on Tuesday, delivering some market relief. The FED Chair talked of the U.S economy\x92s ability to withstand rate hikes while also holding back from suggesting the need for more than 3 hikes in the year. The inflation figures ultimately drove yields northwards, however. Freddie Mac Rates The weekly average rates for new mortgages as of 13 th January were quoted by Freddie Mac to be : 30-year fixed rates jumped by 23 basis points to 3.45% in the week. This time last year, rates had stood at 2.65%. The average fee remained unchanged at 0.7 points. 15-year fixed rose by 19 basis points to 2.62% in the week. Rates were up by 46 basis points from 2.16% a year ago. The average fee rose from 0.6 points to 0.7 points. 5-year fixed rates increased by 16 basis points to 2.57%. Rates were down by 18 basis points from 2.75% a year ago. The average fee fell from 0.5 points to 0.3 points. According to Freddie Mac, All mortgage types saw rates rise, driven by the prospect of a faster than expected tightening of monetary policy. The shift in sentiment was driven by a continued pickup in inflation exacerbated by uncertainty in labor and supply chains. In spite of the rise in mortgage rates this year, purchase demand has yet to reflect the jump in rates. Given the fast pace of home price growth, however, it will likely dampen demand in the near future. Story continues Mortgage Bankers\x92 Association Rates For the week ending 7 th January, the rates were : Average interest rates for 30-year fixed with conforming loan balances rose from 3.33% to 3.52%. Points decreased from 0.48 to 0.45 (incl. origination fee) for 80% LTV loans. Average 30-year fixed mortgage rates backed by FHA increased from 3.40% to 3.50%. Points increased from 0.42 to 0.45 (incl. origination fee) for 80% LTV loans. Average 30-year rates for jumbo loan balances increased from 3.31% to 3.42%. Points fell from 0.38 to 0.36 (incl. origination fee) for 80% LTV loans. Weekly figures released by the Mortgage Bankers Association showed that the Market Composite Index, which is a measure of mortgage loan application volume, increased by 1.4% from a week earlier. The Index had fallen by 2.7% from 2-weeks earlier. The Refinance Index slipped by 0.1% in the week ending 7 th January and was 50 basis points lower than the same week a year ago. The index had declined by 2% from 2-weeks ago. The refinance share of mortgage activity decreased from 65.4% to 64.1% in the week ending 7 th January. The share had risen from 63.9% to 65.4% in the 2-weeks prior. According to the MBA, Mortgage rates increased significantly as the FED signaled tighter policy ahead, pushing yields higher. 30-year fixed hit 3.52%, its highest level since March 2020. Rates at these levels are quickly closing the door on refinance opportunities for many borrowers. Applications remained at their lowest level in over a month. The housing market started 2022 on a strong note. However, the strength in growth will be dependent upon a more rapid growth in housing inventory to meet demand. For the week ahead It\x92s a particularly quiet start to the week for the U.S markets. Economic data is limited to NY Empire State Manufacturing numbers that should have a muted impact on yields. From elsewhere, 4 th quarter GDP numbers from China will also draw interest on Monday, however. Away from the economic calendar, expect COVID-19 news updates to remain a key area of focus. This article was originally posted on FX Empire More From FXEMPIRE: Crypto \x96 U.S Market Correlation Continued on Friday, Delivering Bitcoin (BTC) Support The Week Ahead \x96 Earnings, Central Bank Chatter and a Busy Economic Calendar in Focus Crude Oil Markets Exploded to the Upside for the Week Oil Buyers Unfazed by China\x92s Plan to Release Oil Reserves Gold Rally Stalls Amid Rising Yields, Firmer US Dollar U.S Mortgage Rates Surge in Response to U.S Inflation Figures for December', 'Mortgage rates were on the rise once more in the second week of 2022.\nIn the week ending 13thJanuary, 30-year fixed rates surged by 23 basis points to 3.45%. 30-year fixed rates had risen by 11 basis points in the week prior. As a result, 30-year fixed rates held above the 3% mark for an 9thconsecutive week.\nCompared to this time last year, 30-year fixed rates were up by 80 basis points.\n30-year fixed rates were still down by 149 basis points, however, since November 2018’s last peak of 4.94%.\nIt was a relatively quiet first half of the week on the U.S economic calendar. Key stats included December inflation figures on Wednesday.\nIn December, the U.S annual rate of inflation accelerated from 6.8% to 7.0%, the highest since 1982. The core annual rate of inflation picked up from 4.9% to 5.5%.\nOn the monetary policy front, FED Chair Powell had given testimony on Tuesday, delivering some market relief. The FED Chair talked of the U.S economy’s ability to withstand rate hikes while also holding back from suggesting the need for more than 3 hikes in the year.\nThe inflation figures ultimately drove yields northwards, however.\nThe weekly average rates for new mortgages as of 13thJanuary were quoted byFreddie Macto be:\n• 30-year fixed rates jumped by 23 basis points to 3.45% in the week. This time last year, rates had stood at 2.65%. The average fee remained unchanged at 0.7 points.\n• 15-year fixed rose by 19 basis points to 2.62% in the week. Rates were up by 46 basis points from 2.16% a year ago. The average fee rose from 0.6 points to 0.7 points.\n• 5-year fixed rates increased by 16 basis points to 2.57%. Rates were down by 18 basis points from 2.75% a year ago. The average fee fell from 0.5 points to 0.3 points.\nAccording to Freddie Mac,\n• All mortgage types saw rates rise, driven by the prospect of a faster than expected tightening of monetary policy.\n• The shift in sentiment was driven by a continued pickup in inflation exacerbated by uncertainty in labor and supply chains.\n• In spite of the rise in mortgage rates this year, purchase demand has yet to reflect the jump in rates.\n• Given the fast pace of home price growth, however, it will likely dampen demand in the near future.\nFor the week ending 7thJanuary, therateswere:\n• Average interest rates for 30-year fixed with conforming loan balances rose from 3.33% to 3.52%. Points decreased from 0.48 to 0.45 (incl. origination fee) for 80% LTV loans.\n• Average 30-year fixed mortgage rates backed by FHA increased from 3.40% to 3.50%. Points increased from 0.42 to 0.45 (incl. origination fee) for 80% LTV loans.\n• Average 30-year rates for jumbo loan balances increased from 3.31% to 3.42%. Points fell from 0.38 to 0.36 (incl. origination fee) for 80% LTV loans.\nWeekly figures released by the Mortgage Bankers Association showed that the Market Composite Index, which is a measure of mortgage loan application volume, increased by 1.4% from a week earlier. The Index had fallen by 2.7% from 2-weeks earlier.\nThe Refinance Index slipped by 0.1% in the week ending 7thJanuary and was 50 basis points lower than the same week a year ago. The index had declined by 2% from 2-weeks ago. The refinance share of mortgage activity decreased from 65.4% to 64.1% in the week ending 7thJanuary. The share had risen from 63.9% to 65.4% in the 2-weeks prior.\nAccording to the MBA,\n• Mortgage rates increased significantly as the FED signaled tighter policy ahead, pushing yields higher.\n• 30-year fixed hit 3.52%, its highest level since March 2020.\n• Rates at these levels are quickly closing the door on refinance opportunities for many borrowers.\n• Applications remained at their lowest level in over a month.\n• The housing market started 2022 on a strong note. However, the strength in growth will be dependent upon a more rapid growth in housing inventory to meet demand.\nIt’s a particularly quiet start to the week for the U.S markets. Economic data is limited to NY Empire State Manufacturing numbers that should have a muted impact on yields.\nFrom elsewhere, 4thquarter GDP numbers from China will also draw interest on Monday, however.\nAway from the economic calendar, expect COVID-19 news updates to remain a key area of focus.\nThisarticlewas originally posted on FX Empire\n• Crypto – U.S Market Correlation Continued on Friday, Delivering Bitcoin (BTC) Support\n• The Week Ahead – Earnings, Central Bank Chatter and a Busy Economic Calendar in Focus\n• Crude Oil Markets Exploded to the Upside for the Week\n• Oil Buyers Unfazed by China’s Plan to Release Oil Reserves\n• Gold Rally Stalls Amid Rising Yields, Firmer US Dollar\n• U.S Mortgage Rates Surge in Response to U.S Inflation Figures for December', 'TheNFTmarket has been heating up at the turn of the year, with NFT chatter and trading volumes ballooning. Whileregulatoryandmonetary policychatter have pegged back Bitcoin (BTC) and the broader crypto market, the NFT market has had an exceptional start to the year.\nAt present, OpenSea remains the front runner in the NFT market place.News had hit the wiresearlier this week of the NFT market place seeing $2.1bn in NFT sales within the fir
**Last 60 Days of Bitcoin's Closing Prices:**
[60368.01, 56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-16
**Financial & Commodity Data:**
- Gold Closing Price: $1816.50
- Crude Oil Closing Price: $83.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $816,805,611,101
- Hash Rate: 212018180.23026645
- Transaction Count: 216151.0
- Unique Addresses: 569876.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.21
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • Jerome Powell's second term as Fed chair may bring some pain for crypto assets, Mike Novogratz has said.
• Novogratz said Powell may now feel freer to tackle inflation by tightening monetary policy.
• The bitcoin bull said this would slow all assets down, including crypto and tech stocks.
Billionaire investor Mike Novogratz has said Fed Chair Jerome Powell could be about to slow down the crypto market now he's been nominated for a second term.
Novogratztold CNBCon Wednesday the "macro story has changed a little bit" and that "people are getting pretty bearish" on cryptocurrencies.
"Powell gets reappointed, and so maybe it allows him to act more like a central banker than a guy that wants to be reappointed," Novogratz said on CNBC's "Crypto Night In America."
"And we have inflation showing up, you know, in pretty bad ways in the US," he said. "And so we can see, is the Fed going to have to move a little faster?
"That would slow all assets down. It would slow the Nasdaq down. It would slow crypto down, if we have to start raising rates much faster than we thought."
President Joe Bidennominated Powellto serve for a second term as Fed chair earlier this week.
Powell has overseen the biggest monetary stimulus in US history to help the economy cope with the coronavirus crisis.
But the Fed is now grappling with the strongest inflation in 31 years. It has already trimmed the rate at which it is purchasing bonds, and minutes from its last monetary policy decision, released Wednesday, showed officials are open to dialling down quantitative easing even faster.
Read more:Here's a bank-by-bank rundown of how Wall Street is getting in on the crypto craze, from bitcoin futures trading to digital-asset teams
Financial markets show investors now think it's the Fed could raise interest rates in May, according to CME Group'sFedWatch tool.
Bitcoinand other cryptocurrencies such asetheranddogecoinare among the many assets that have been lifted by the flood of money from the Fed in the last year and a half.
Novogratz has previously predicted bitcoin would hit $100,000 by the end of the year, but said that now looks unlikely. Bitcoin was up 3.83% on Thursday to $58,667 on the Bitstamp exchange.
However, the former hedge fund manager, who now runs crypto investment company Galaxy Digital, said there is still lots to be excited about in the world of digital assets.
"The amount of institutions Galaxy sees moving into this space is staggering. I was on the phone with one of the biggest sovereign wealth funds in the world today, and they've made the decision on a go-forward basis to start putting money into crypto. I've had the same conversations with big pension funds in the United States," he said.
Read the original article onBusiness Insider...
- Reddit Posts (Sample): [['u/pelonleg', 'How would you start accepting BTC in your small business?', 91, '2022-01-16 00:00', 'https://www.reddit.com/r/Bitcoin/comments/s4wu5q/how_would_you_start_accepting_btc_in_your_small/', "I own a restaurant in Mexico and I've seen/heard that many people are starting to get into Crypto. I've thought about accepting BTC and probably some other coins as a payment method, but I haven't figured out how it would work. What makes sense to me, is to receive the Crypto transfers to my own personal wallet, then paying the customer's bill myself in cash, but I'm not sure if that's the best idea.\n\nHas anyone gone through something like this? Do you accept BTC in your small business? What advice can you give a fellow Crypto Hodler?\n\nThanks in advance!", 'https://www.reddit.com/r/Bitcoin/comments/s4wu5q/how_would_you_start_accepting_btc_in_your_small/', 's4wu5q', [['u/Helen666_Keller', 14, '2022-01-16 00:07', 'https://www.reddit.com/r/Bitcoin/comments/s4wu5q/how_would_you_start_accepting_btc_in_your_small/hstt6g6/', "If you were to do so, just plaster a qr of your addy near wherever you take payments at, use both ln and segwit and have them labeled clearly, maybe have others for shitcoins (you can always swap to btc yourself later if you're a maxi). Don't force it on ppl but have it as an option and let it be", 's4wu5q'], ['u/exab', 54, '2022-01-16 00:08', 'https://www.reddit.com/r/Bitcoin/comments/s4wu5q/how_would_you_start_accepting_btc_in_your_small/hstt9z8/', 'BTCPay Server is a full-blown non-custodial solution.\n\nBreez wallet has a point of sale feature.', 's4wu5q'], ['u/information-zone', 29, '2022-01-16 00:22', 'https://www.reddit.com/r/Bitcoin/comments/s4wu5q/how_would_you_start_accepting_btc_in_your_small/hstvaj1/', 'Here is a guide:\n- https://bitcoinmagazine.com/culture/how-to-implement-bitcoin-at-your-business', 's4wu5q'], ['u/C_hase', 10, '2022-01-16 00:32', 'https://www.reddit.com/r/Bitcoin/comments/s4wu5q/how_would_you_start_accepting_btc_in_your_small/hstwopv/', "If you want to do what El Salvador is doing, basically you get a trusted Lightning wallet app, like Muun, or BlueWallet. And when a patron wants to pay in Bitcoin, you use that app to generate an invoice for the specific amount, (the app will help you figure out the USD <-> sat conversion), and then they scan your invoice with their own Lightning wallet.\n\nBigger corporations, like McDonalds, use OpenNode, so they don't have their workers taking sats on their own phones, depending on your situation and level of trust with employees this may or may not be needed.", 's4wu5q']]], ['u/Crypto-buff', 'A Dangerous Precedent!', 16, '2022-01-16 00:36', 'https://www.reddit.com/r/SafeMoonInvesting/comments/s4xmfq/a_dangerous_precedent/', "**A Dangerous Precedent!**\n\nA token is a financial product that is contractually based, and is indelibly created and uploaded to a given block chain (or so many believe). When we purchase these products / contracts on a given block-chain, we expect the exchange, and general transfer of them, to function as per the original contract, and in a homogeneous manner to that of other tokens within the same block chain. As such, when an owner of a token transfers their assets from one address to another, within the same block chain, they more than reasonably assume and expect that they will be transferred to the new address.\n\nThis assumption, is in fact more than an assumption, or a leap of faith, it is the actual way of things, across all block chains.\n\nIt is based on coding that routes the tokens. Coding that is generally thought to be immutable, coding that needs to in fact be immutable, or this wonderful experiment that we are all participating in will fail.\n\nYou see, we are not talking about instances where someone accidentally enters an incorrect block address, and their funds end up going to someone else.\n\nWe are talking about the deliberate action of one sending one's tokens, from one address to another that they also own. Having correctly entered the addresses, only to have their tokens rerouted to another address, of which they have no ownership and therefore access.\n\nWe are talking about a homogeneous activity that has taken place since the very beginning of crypto. One that occurs millions of times a day, on every block chain, one that for some reason, and only for one token, no longer applies.\n\n**As of December 29th, 2021, SafeMoons original V1 token can no longer be transferred wallet-to-wallet, without the tokens being seized by the tokens' current development team.**\n\nThis has many stating that if this occurrence is left uncorrected, that it will set a dangerous precedent, one with the potential to undermine the growth of crypto.\n\n***Just imagine, where crypto would be today or rather wouldn't be, if the Bitcoin developers seized BTC at any point, within its history.***\n\nUltimately, regardless of SafeMoons next set of behaviours, many believe that this event will at the very minimum, lead to more, and louder cry's, for swifter regulation of all crypto products and exchanges.\n\n**What are your thoughts?**", 'https://www.reddit.com/r/SafeMoonInvesting/comments/s4xmfq/a_dangerous_precedent/', 's4xmfq', [['u/Ok_Turnover_1235', 14, '2022-01-16 00:44', 'https://www.reddit.com/r/SafeMoonInvesting/comments/s4xmfq/a_dangerous_precedent/hstyg1a/', "yeah, the funny thing is, someone here pointed out if they'd set the tax to 101%, no transactions would have been possible on v1. People would have had to migrate to use their tokens.", 's4xmfq'], ['u/Embarrassed-Room-166', 14, '2022-01-16 00:47', 'https://www.reddit.com/r/SafeMoonInvesting/comments/s4xmfq/a_dangerous_precedent/hstyzbf/', 'You are exactly right! However, most people in safemoon are just gambling in hopes of getting rich. They don’t care about anything else besides the hope of safemoon reaching one dollar so they can say “I told you so” from their new lambo. This isn’t the same crowd who bought into bitcoin back in the day that held principles and integrity at the forefront of their investment. \n\nAlso, I could care less what safemoon does. I just have a couple hundred in for gambling purposes and I bet most people in this sub are not in it for because it’s “revolutionary”. Safemoon is oddly isolated from the rest of the crypto community as well, so the decisions safemoon make do not really impact what Vitalik or Charles Hoskinson would do, ya know? We are here to flip a profit and that’s really it. This isn’t bitcoin, ethereum, cardano, polkadot, etc where precedent and values Matter.', 's4xmfq']]], ['u/cryptoking87', 'A comparison of the last 3 Shib Crashes', 140, '2022-01-16 00:42', 'https://www.reddit.com/r/SHIBArmy/comments/s4xrc6/a_comparison_of_the_last_3_shib_crashes/', "Shib hit a new ATH on 19th April 2021 of $0.0000037 then crashed -73.51% to $0.00000098 by 27th April 2021.\n\nShib hit a new ATH of $0.00003503 (+846.76% from previous ATH) on 10th May 2021 then crashed -83.21% to $0.00000588 by 20th July 2021. \n\nShut hit a new ATH of $0.0008 on 27th October 2021 (+128.38% from previous ATH) then crashed -66.53% to $0.00002678 by 10th January 2022. This is the latest crash. We do not know if we have hit the bottom yet. The previous two crashes prior to this dropped -73.51% and -83.21% so it is possible we may drop further below the $0.00002678 low on 10th Jan. \n\nFurther points:\n\n- It took more than 6 months from the May ATH to the October ATH. This is considerably longer than the 3 weeks between the April and May ATH. This may suggest a trend of longer periods of time in between ATH.\n\n- The price movement of Shib cannot be isolated from the Crypto market as a whole. In both previous pumps to ATH the market was on a upward trend and Bitcoin was breaking into ATH too. For Shib to develop a new considerable upward price movement it would likely need the rest of the market to do the same. \n\nWhat can we take from this? \n\nWell it is an indication that we don't need to worry about this current crash. We have been there twice within the last 8 months and both times recovered very well. Hopefully this time we will also recover. \n\n\nDisclaimer: Past performances should not be used as an indicator for future performance. There are no guarantees in Crypto and no one really knows how far we can fall from here or if we can move up towards a new ATH again. That may or may not happen. My comment is just pure speculation and an educated guess of how things may pan out.", 'https://www.reddit.com/r/SHIBArmy/comments/s4xrc6/a_comparison_of_the_last_3_shib_crashes/', 's4xrc6', [['u/Bndnvr', 44, '2022-01-16 01:45', 'https://www.reddit.com/r/SHIBArmy/comments/s4xrc6/a_comparison_of_the_last_3_shib_crashes/hsu77r1/', 'Even if nothing positive happens shib value will increase organically since more people are buying cryptocurrency including shib. 100m two years ago, 300m as of Jan 2021, over 1 billion in 2 years etc. \n\nOnly 3.9% of the world’s population own cryptocurrency.', 's4xrc6'], ['u/cryptoking87', 27, '2022-01-16 01:54', 'https://www.reddit.com/r/SHIBArmy/comments/s4xrc6/a_comparison_of_the_last_3_shib_crashes/hsu8gq5/', 'Yes. Plus most people think it is really cheap when the price is like $0.00003 so they buy thinking it will x1000', 's4xrc6'], ['u/Bndnvr', 20, '2022-01-16 01:56', 'https://www.reddit.com/r/SHIBArmy/comments/s4xrc6/a_comparison_of_the_last_3_shib_crashes/hsu8s3z/', 'Some what true. Although 0.01¢ is more realistic and it’s absolutely achievable', 's4xrc6'], ['u/SolisUmbras', 13, '2022-01-16 02:06', 'https://www.reddit.com/r/SHIBArmy/comments/s4xrc6/a_comparison_of_the_last_3_shib_crashes/hsua3w2/', 'One of the big things I try to look at with "crashes" is very similar to investing in stocks. Take a step back and look at the sector or the whole market. The reason for this, is some whale folks like to trade crypto the same way they trade stocks, ergo, you might see a whole market crash not ju...
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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42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12
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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 Elizabeth Howcroft LONDON (Reuters) -European shares recovered from Friday\'s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations. China\'s central bank unexpectedly eased policy by cutting rates on medium-term loans. Analysts expect more policy easing as growth in the world\'s second-largest economy has shown signs of slowing from its rapid rebound after the COVID-19 slump. At 1321 GMT, the MSCI world equity index, which tracks shares in 50 countries, was flat. Europe\'s STOXX 600 was up 0.6%, having recovered most of Friday\'s losses. Markets in the United States are closed for a public holiday, but S&P 500 futures were up 0.2% and Nasdaq futures up 0.1%. Expectations of central banks tightening policy to combat persistent inflation have meant that equities have generally struggled to make gains so far this year and investors are rotating from growth to value stocks. Investors are focused on company earnings, which will need to be strong to prevent further losses. Goldman Sachs, BofA, Morgan Stanley and Netflix report earnings this week. Marija Veitmane, senior multi-asset strategist at State Street Global Markets, said that she would be looking to see how much the costs of higher prices and labour shortages have affected corporate profits, as well as how companies will spend the money on their balance sheets. "One thing that was a very positive surprise for us last year, particularly towards the end of the year, was the strength of corporate margins," Veitmane added. "Corporates were able to pass higher costs to the end consumer and that was really encouraging news for us. That\'s exactly what we\'ll be looking for this time around." Story continues FED MEETING The U.S. Federal Reserve meets on Jan. 25-26 and investors expect a cycle of rate hikes to begin in March. Rate hikes tend to harm riskier assets such as equities. Speculators\' net bearish bets on benchmark U.S. 10-year Treasury note futures have swelled to their largest since February 2020, just before the onset of the pandemic, according to Commodity Futures Trading Commission data released on Friday. The yield on the 10-year U.S. Treasury yield hit a two-year high last week. The implied yield from futures rose to 1.85% early on Monday. The U.S. dollar index was up 0.1% on the day at 95.329, clinging to its recent bounce. The euro was at $1.1396. Ahead of a Bank of Japan policy meeting concluding on Tuesday, the dollar was up 0.3% against the yen, at 114.555. Euro zone government bond yields edged higher, with the benchmark German 10-year yield at -0.034%. Brent crude futures hit their highest in more than three years as investors bet supply will remain tight amid restrained output by major producers, with global demand unperturbed by the Omicron coronavirus variant. Bitcoin was a touch lower, around $42,637. (Reporting by Elizabeth Howcroft; Editing by Pravin Char and Alison Williams)', 'By Elizabeth Howcroft LONDON (Reuters) -European shares recovered from Friday\'s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations. China\'s central bank unexpectedly eased policy by cutting rates on medium-term loans. Analysts expect more policy easing as growth in the world\'s second-largest economy has shown signs of slowing from its rapid rebound after the COVID-19 slump. At 1321 GMT, the MSCI world equity index, which tracks shares in 50 countries, was flat. Europe\'s STOXX 600 was up 0.6%, having recovered most of Friday\'s losses. Markets in the United States are closed for a public holiday, but S&P 500 futures were up 0.2% and Nasdaq futures up 0.1%. Expectations of central banks tightening policy to combat persistent inflation have meant that equities have generally struggled to make gains so far this year and investors are rotating from growth to value stocks. Investors are focused on company earnings, which will need to be strong to prevent further losses. Goldman Sachs, BofA, Morgan Stanley and Netflix report earnings this week. Marija Veitmane, senior multi-asset strategist at State Street Global Markets, said that she would be looking to see how much the costs of higher prices and labour shortages have affected corporate profits, as well as how companies will spend the money on their balance sheets. "One thing that was a very positive surprise for us last year, particularly towards the end of the year, was the strength of corporate margins," Veitmane added. "Corporates were able to pass higher costs to the end consumer and that was really encouraging news for us. That\'s exactly what we\'ll be looking for this time around." FED MEETING The U.S. Federal Reserve meets on Jan. 25-26 and investors expect a cycle of rate hikes to begin in March. Rate hikes tend to harm riskier assets such as equities. Speculators\' net bearish bets on benchmark U.S. 10-year Treasury note futures have swelled to their largest since February 2020, just before the onset of the pandemic, according to Commodity Futures Trading Commission data released on Friday. The yield on the 10-year U.S. Treasury yield hit a two-year high last week. The implied yield from futures rose to 1.85% early on Monday. The U.S. dollar index was up 0.1% on the day at 95.329, clinging to its recent bounce. The euro was at $1.1396. Story continues Ahead of a Bank of Japan policy meeting concluding on Tuesday, the dollar was up 0.3% against the yen, at 114.555. Euro zone government bond yields edged higher, with the benchmark German 10-year yield at -0.034%. Brent crude futures hit their highest in more than three years as investors bet supply will remain tight amid restrained output by major producers, with global demand unperturbed by the Omicron coronavirus variant. Bitcoin was a touch lower, around $42,637. (Reporting by Elizabeth Howcroft; Editing by Pravin Char and Alison Williams) View comments', 'By Elizabeth Howcroft\nLONDON (Reuters) -European shares recovered from Friday\'s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week.\nStock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations.\nChina\'s central bank unexpectedly eased policy by cutting rates on medium-term loans.\nAnalysts expect more policy easing as growth in the world\'s second-largest economy has shown signs of slowing from its rapid rebound after the COVID-19 slump.\nAt 1321 GMT, the MSCI world equity index, which tracks shares in 50 countries, was flat. Europe\'s STOXX 600 was up 0.6%, having recovered most of Friday\'s losses.\nMarkets in the United States are closed for a public holiday, but S&P 500 futures were up 0.2% and Nasdaq futures up 0.1%.\nExpectations of central banks tightening policy to combat persistent inflation have meant that equities have generally struggled to make gains so far this year and investors are rotating from growth to value stocks.\nInvestors are focused on company earnings, which will need to be strong to prevent further losses. Goldman Sachs, BofA, Morgan Stanley and Netflix report earnings this week.\nMarija Veitmane, senior multi-asset strategist at State Street Global Markets, said that she would be looking to see how much the costs of higher prices and labour shortages have affected corporate profits, as well as how companies will spend the money on their balance sheets.\n"One thing that was a very positive surprise for us last year, particularly towards the end of the year, was the strength of corporate margins," Veitmane added.\n"Corporates were able to pass higher costs to the end consumer and that was really encouraging news for us. That\'s exactly what we\'ll be looking for this time around."\nFED MEETING\nThe U.S. Federal Reserve meets on Jan. 25-26 and investors expect a cycle of rate hikes to begin in March. Rate hikes tend to harm riskier assets such as equities.\nSpeculators\' net bearish bets on benchmark U.S. 10-year Treasury note futures have swelled to their largest since February 2020, just before the onset of the pandemic, according to Commodity Futures Trading Commission data released on Friday.\nThe yield on the 10-year U.S. Treasury yield hit a two-year high last week. The implied yield from futures rose to 1.85% early on Monday.\nThe U.S. dollar index was up 0.1% on the day at 95.329, clinging to its recent bounce. The euro was at $1.1396.\nAhead of a Bank of Japan policy meeting concluding on Tuesday, the dollar was up 0.3% against the yen, at 114.555.\nEuro zone government bond yields edged higher, with the benchmark German 10-year yield at -0.034%.\nBrent crude futures hit their highest in more than three years as investors bet supply will remain tight amid restrained output by major producers, with global demand unperturbed by the Omicron coronavirus variant.\nBitcoin was a touch lower, around $42,637.\n(Reporting by Elizabeth Howcroft; Editing by Pravin Char and Alison Williams)', 'By Elizabeth Howcroft\nLONDON (Reuters) -European shares recovered from Friday\'s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week.\nStock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations.\nChina\'s central bank unexpectedly eased policy by cutting rates on medium-term loans.\nAnalysts expect m
**Last 60 Days of Bitcoin's Closing Prices:**
[56942.14, 58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2022-01-17
**Financial & Commodity Data:**
- Gold Closing Price: $1816.50
- Crude Oil Closing Price: $83.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $816,003,810,299
- Hash Rate: 195056725.81184512
- Transaction Count: 258141.0
- Unique Addresses: 638947.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.22
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Litecoin has been battered and bruised this week following a market-wide sell-off that has seen it fall to its lowest point since July. At the time of writing it was trading at $132 with a market cap of $9.2 billion, making it the 25th largest cryptocurrency. It is now 56.2% lower than on November 10 when it topped the $300 mark. Historical levels of support remain at $118, $104 and $91, although it is expected to have a slight relief bounce back into the $152 region before heading lower. Litecoin LTCUSD chart by TradingView The gruelling downtrend is now confirmed across all timeframes. A bullish reversal would only be triggered if it begins to trade and close daily candles above $183. Litecoin isn’t the only asset to have struggled this week, Bitcoin finds itself beneath the $42,000 mark while Ethereum has fallen all the way down to $3,200. As traders prepare themselves for a prolonged bear market, investors can expect price points as low as $50 over the coming 12 to 18 months. For more news, guides and cryptocurrency analysis, click here . About Litecoin Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It is a fork of Bitcoin , with the main difference being a smaller block generation time. The protocol also increased the maximum number of coins and implemented a different script-based algorithm. Litecoin is one of the leading cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation. More LTC news and information If you want to find out more information about LTC or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started: https://coinrivet.com/litecoin-becomes-official-cryptocurrency-of-the-miami-dolphins/ 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. You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news ....
- Reddit Posts (Sample): [['u/busterrulezzz', 'Technologically speaking, most anti-crypto arguments are utter bullshit', 19, '2022-01-17 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/s5p10j/technologically_speaking_most_anticrypto/', 'I think it\'s healthy to always keep some emotional distance from our investments. That\'s why I try to keep an ear out for those who don\'t believe in the potential of crypto, so I often debate with friends who don\'t believe in its potential benefits.\n\nSo far, I have yet to heard a convincing technical argument as to why crypto would fail. Let\'s break down the most popular con-arguments I\'ve heard.\n\n* **"It\'s useless"**\n\nThe argument that came up most often until 2017 was that crypto was useless. I think the last few years have proven that the technology offers multiple benefits - blockchain is now used in several industries, and we\'re only beginning to see the potential of smart contracts. Even anti-crypto people are starting to realize this.\n\n* **"It\'s a glorified ledger"**\n\nWhile it\'s true that centralised chains can look like glorified ledgers, you can\'t say the same thing about decentralised ones, such as BTC/ETH. And most centralised alt-L1s have plans to become decentralised over time.\n\n* **"It\'s bad for the environment"**\n\nPeople tend to think that all cryptocurrencies have the same PoW model then Bitcoin. They almost never know about proof-of-stake. The second biggest crypto out there will switch off PoW forever in six months, and people still spread FUD about energy consumption. And besides, how much energy do you think is consumed by tradfi?\n\n* **"It\'s not safe"**\n\nThis is only true fro privileged people living in first-world countries. Of course, when you live in a country where the government is functionning, banks can be very safe. But about all the unbanked people in the world? What about those who lives in authoritarian state? Crypto is safer for those people.\n\n* **"It\'s unscalable"**\n\nFor ETH, the Beacon chain and the sharding that it will enable begs to differ. Alt-L1s are very much scalable. As for BTC, well, it settles transactions pretty damn fast, if you ask me.\n\nFor all those reasons, I believe that most of the anti-crypto arguments will disappear with the years and that these predictions will be remembered as we remember today those who believed that the internet was just a passing fad.', 'https://www.reddit.com/r/CryptoCurrency/comments/s5p10j/technologically_speaking_most_anticrypto/', 's5p10j', [['u/Setyman', 10, '2022-01-17 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/s5p10j/technologically_speaking_most_anticrypto/hsyuq7y/', "People that are against crypto simple don't understand it and don't care enough to properly research it.", 's5p10j']]], ['u/Bitter_Economy_8023', 'Prime Time - Where Will We Go?', 33, '2022-01-17 01:59', 'https://www.reddit.com/r/harmony_markets/comments/s5qosr/prime_time_where_will_we_go/', "New week, new possibilities. Harmony has been locked into the $0.30-$0.40 range for the last week with both good and bad indicators for either direction. As we're seemingly locked into this area, It's important to do a stocktake of the bullish and bearish signs, as well as the journey so far.\n\nMost importantly, we just printed the **highest daily and weekly close in ONE/USDT!**\n\n# Bull Continuation\n\nOn the technical side:\n\n* Low RSI & Stoch RIS on the 4hr, 6hr & 1w\n* Daily and weekly RSI are not in the over bought (although close)\n* Weekly MACD is in buy mode\n* Consistent daily retracements to the 10/20 period EMA\n* Continued strength in ONE/BTC\n * Last time we were at this price range BTC was bouncindg between $50k-$60k. Now BTC is at $40k and we're at previous ATH.\n* BTC/USD seemingly printing a diamond bottom formation on the 4h since 7-Jan.\n * BTC multiple time frames is also showing many reversal indicators (RSI/Stoch RSI/MACD on daily and weekly)\n\n&#x200B;\n\n[BTC 4h diamond bottom reversal and upward triangle.](https://preview.redd.it/r8zqo6x1p5c81.png?width=672&format=png&auto=webp&s=629b32e4cae1316686c8f3d1b583a842c853fc5e)\n\nOn the fundamental side:\n\n* BTC Bridge is close (unless delayed again)\n* Harmony is dominating in the GameFi space\n * In addition to DFK, a lot of exciting new gamefi projects that use well known game engines and are, what I would call, 2nd gen block chain gaming (looking specifically at Cosmic Universe & Tranquility City)\n* In addition to GameFi, a lot of DeFi dapps coming on board or making some serious developments from different chains (either forks or expansions)\n * Examples are Unite (Tomb fork), Euphoria (Ohm fork), Tranq (compound fork + expansion to gamefi and liquid staking), Hermes/Plutus (from Polygon). There are probably many others but not remembering all them atm...\n * Getting new ONE backed stablecoin from OIN finance\n\n# Bearish Reversal\n\nOn the technical side:\n\n* 4hr 10period EMA teethering on the 20 period EMA.\n* Daily RSI close to overbought as well as adhering to a lowering RSI slope.\n* MACD waves getting shorter and smaller\n* Potential Diamond Top reversal on the 4hr\n\n&#x200B;\n\n[4h ONE\\/USDT on Kucoin, potential diamond top pattern.](https://preview.redd.it/c0xl482oc5c81.png?width=753&format=png&auto=webp&s=5cf4549a9a3e53ab9e7eee2a7652220bbe8bf46a)\n\nOn the fundamental side:\n\n* Recent network outage will cause some serious FUD (already happening) and concerns for long term usage\n* RPC issues making high volume transactions a pain\n* Network is still relatively centralised compared to the bigger L1s\n\n# Journey So Far...\n\nOver the last week we nearly touched the previous ATH ($0.38), we were off by \\~$0.001 on both binance and kucoin before retracing to the support of around $0.327-$0.328 (support by previous 4h wave highs and descending 4h slope from Oct/Nov).\n\nThe retracement has allowed the bulls to spring back up aggressively and make another try to break the ATH.\n\n# Potential Scenarios\n\nThe 4h wick to the previous ATH (or close to...) shows that we didn't have enough strength in the previous run to close at that level. Coupled with the fact that we retraced to $0.3276 shows that, for me, a potential upwards triangle could form before breaking up as we systematically get rejected and retrace back for support to get more momentum.\n\nIf the triangle does end up forming, the time line for this triangle ends around 26/27 Jan. The 2/3 point is around 21/22 Jan which is the usual breakout point for these patterns. This would also be in confluence with potential BTC bridge launch via narrative of buy the rumour/sell the news.\n\nThe pattern would also allow the RSI to converge a bit tighter near the upper end before making a proper pop up to new ATHs.\n\nIMHO the next move, as stupid as it sounds, is quite binary. I think that we either explode towards the 1.618 log fib target around $0.62 or we drop down to a key level of support for further accumulation for a few weeks (perhaps in the $0.27-$0.32 range). I don't think the technical indicators is enough for ONE to explode upwards and would require the support of some of the key fundamental developments to come to mainnet. A big move up without a key development piece would be, imho, a shallow pump (in the sense of the ability to maintain the higher price level).\n\nA delay or major network negative news would give enough case for the diamond top to break down which has a target level in the low $0.30s or high $0.20s.\n\nOf course BTC dumping below $40k would drag the market with it. In this scenario expect altcoins to lose 50% USD value at the very least.\n\n&#x200B;\n\n[ONE\\/USDT Binance 4h chart potential pattern to pop up](https://preview.redd.it/9bpkw4jya5c81.png?width=716&format=png&auto=webp&s=8b21732ed13e3802d03f1bf78dbd80f6151be21f)\n\nAs always, happy trading and hodling! Good luck!\n\nEdit: Added some more items.", 'https://www.reddit.com/r/harmony_markets/comments/s5qosr/prime_time_where_will_we_go/', 's5qosr', [['u/IFThenElse42', 10, '2022-01-17 05:15', 'https://www.reddit.com/r/harmony_markets/comments/s5qosr/prime_time_where_will_we_go/hszx9a2/', 'Needs more lines and triangles', 's5qosr']]], ['u/[deleted]', 'Battle of the blockchains The race to power the DeFi ecosystem is on Why Ethereum is losing market share', 33, '2022-01-17 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/s5qy5q/battle_of_the_blockchains_the_race_to_power_the/', 'From the Economist: Finance and Economics section. Great to see some solid reporting on the crypto space beyond BTC and ETH and meme coins. \n\n&#x200B;\n\nTO BELIEVERS, OPEN, public blockchains provide a second chance at building a digital economy. The fact that the applications built on top of such blockchains all work with each other, and that the information they store is visible to all, harks back to the idealism of the internet’s early architects, before most users embraced the walled gardens offered by the tech giants. The idea that a new kind of “decentralised” digital economy might be possible has been bolstered over the past year as the applications being built on top of various blockchains have boomed in size and functionality.\n\nPerhaps the most significant part of that economy has been decentralised-finance (DeFi) applications, which enable users to trade assets, get loans and store deposits. Now an intensifying battle for market share is breaking out in this area. Crucially, Ethereum, the leading DeFi platform, seems to be losing its near-monopoly. The struggle shows how DeFi is subject to the standards wars that have broken out in other emerging technologies—think of Sony Betamax versus VHS video cassettes in the 1970s—and illustrates how DeFi technology is improving lightning fast.\n\nThe idea behind DeFi is that blockchains—databases distributed over many computers and kept secure by cryptography—can help re...
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.
|
42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23
|
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:**
['DAVOS 2022got underway on Monday, after having been postponed from December due to COVID-19. As a result of COVID-19, this year’s event is virtual and will end on 21stJanuary. World leaders delivering special addresses include the heads of states of Australia, China, Germany, India, Indonesia, Israel, Japan, and Nigeria. President of the EU Commission, Ursula von der Leyen and U.S Secretary of the Treasury Janet Yellen are also scheduled to speak.\nFor the crypto markets, the global presence at DAVOS 2022 provides world leaders an ideal platform to discuss cryptos and the regulatory road ahead.\nLate last year, theBank of Englandraised concerns over the risk that cryptos pose to UK financial stability. The UK’s central bank also talked of the need for a global regulatory framework for cryptos. Earlier this month, theIMFjoined the Bank of England, raising concerns over the interconnectedness of cryptos and the U.S equity markets. Aligned with the UK’s central bank, the IMF also called for a global regulatory framework.\nIn recent months, there has been a marked increase regulatory chatter and activity. This month,news hit the wiresof India’s central bank creating a new FINTECH division to step up its oversight of cryptos. In addition, however, the government is also looking to monitor the NFT market and new token launches. The move followednewsof the government searching a number of crypto exchanges on the suspicion of tax evasion.\nSpeaking on day 1 of DAVOS, Indian Prime Minister Modireportedlycalled for “global cooperation and a common approach towards addressing emerging challenges posed by cryptocurrencies”.\nWith the Indian government cracking down on cryptos, the presence of other key world leaders could test crypto market sentiment. China’s Premier Xi Jining would certainly be aligned with a global crackdown.\nInterestingly, the DAVOS agenda has climate action failure, extreme weather, human environmental damage, and natural resources crisis listed amongst the top 10 global risks over the next 10-years. Governments could argue that cryptos and crypto mining contribute to all of these and possible more of the top 10 risks.\nLater this week, aU.S Congress subcommittee hearingis taking place to look at cryptocurrencies and the environment. Last summer, China had banned Bitcoin (BTC) mining as part of its goal of becoming carbon neutral by 2060.\nIt was a bearish day for the crypto market on Monday. Bitcoin fell by 2.03% to end the day at $42,224. With the U.S equity markets closed on Monday, persistent regulatory chatter likely contributed to the decline.\nYear-to-date, Bitcoin was down by 8.60% to Monday’s close. More significantly, however, Bitcoin was down by 39% from November’s ATH $68,979.\nWith the U.S markets reopening today, we can expect the U.S equity markets to have some influence on the crypto majors. Chatter from Davos, however, and regulatory activity ahead of Thursday’s subcommittee hearing will also need considering.\nAt the time of writing, Bitcoin was up by 0.17% to $42,298. A move back through $43,500 levels would bring last week’s high $44,443 into play. A fall back to sub-$41,500 levels, however could bring sub-$40,000 back into play.\nThisarticlewas originally posted on FX Empire\n• Cardano (ADA) Surging on Decentralized Exchange and Metaverse Hype\n• Natural Gas Prices Edge Higher as Cold Weather Sets in\n• Gold Markets Find Buyers on Dips\n• Natural Gas Markets Quiet During Holiday\n• Almost 10 Million Visits To Fraudulent Crypto Websites by Indians Has Been Recorded in 2021\n• USD/CAD Tests Support At 1.2525', 'DAVOS 2022 got underway on Monday, after having been postponed from December due to COVID-19. As a result of COVID-19, this year’s event is virtual and will end on 21 st January. World leaders delivering special addresses include the heads of states of Australia, China, Germany, India, Indonesia, Israel, Japan, and Nigeria. President of the EU Commission, Ursula von der Leyen and U.S Secretary of the Treasury Janet Yellen are also scheduled to speak. United Call for Global Regulatory Oversight of Cryptos For the crypto markets, the global presence at DAVOS 2022 provides world leaders an ideal platform to discuss cryptos and the regulatory road ahead. Late last year, the Bank of England raised concerns over the risk that cryptos pose to UK financial stability. The UK’s central bank also talked of the need for a global regulatory framework for cryptos. Earlier this month, the IMF joined the Bank of England, raising concerns over the interconnectedness of cryptos and the U.S equity markets. Aligned with the UK’s central bank, the IMF also called for a global regulatory framework. In recent months, there has been a marked increase regulatory chatter and activity. This month, news hit the wires of India’s central bank creating a new FINTECH division to step up its oversight of cryptos. In addition, however, the government is also looking to monitor the NFT market and new token launches. The move followed news of the government searching a number of crypto exchanges on the suspicion of tax evasion. Indian Prime Minister Modi Joins Call for Action Speaking on day 1 of DAVOS, Indian Prime Minister Modi reportedly called for “ global cooperation and a common approach towards addressing emerging challenges posed by cryptocurrencies ”. With the Indian government cracking down on cryptos, the presence of other key world leaders could test crypto market sentiment. China’s Premier Xi Jining would certainly be aligned with a global crackdown. Story continues Interestingly, the DAVOS agenda has climate action failure, extreme weather, human environmental damage, and natural resources crisis listed amongst the top 10 global risks over the next 10-years. Governments could argue that cryptos and crypto mining contribute to all of these and possible more of the top 10 risks. Later this week, a U.S Congress subcommittee hearing is taking place to look at cryptocurrencies and the environment. Last summer, China had banned Bitcoin ( BTC ) mining as part of its goal of becoming carbon neutral by 2060. Bitcoin (BTC) Price Action It was a bearish day for the crypto market on Monday. Bitcoin fell by 2.03% to end the day at $42,224. With the U.S equity markets closed on Monday, persistent regulatory chatter likely contributed to the decline. Year-to-date, Bitcoin was down by 8.60% to Monday’s close. More significantly, however, Bitcoin was down by 39% from November’s ATH $68,979. With the U.S markets reopening today, we can expect the U.S equity markets to have some influence on the crypto majors. Chatter from Davos, however, and regulatory activity ahead of Thursday’s subcommittee hearing will also need considering. At the time of writing, Bitcoin was up by 0.17% to $42,298. A move back through $43,500 levels would bring last week’s high $44,443 into play. A fall back to sub-$41,500 levels, however could bring sub-$40,000 back into play. This article was originally posted on FX Empire More From FXEMPIRE: Cardano (ADA) Surging on Decentralized Exchange and Metaverse Hype Natural Gas Prices Edge Higher as Cold Weather Sets in Gold Markets Find Buyers on Dips Natural Gas Markets Quiet During Holiday Almost 10 Million Visits To Fraudulent Crypto Websites by Indians Has Been Recorded in 2021 USD/CAD Tests Support At 1.2525', "Lil Durk hasn’t let up on his support for recent collaborator and controversial country star Morgan Wallen . The Chicago-based rapper brought out the “Broadway Girls” co-creator during his performance at the annual MLK Freedom Fest held in Nashville’s Bridgestone Arena over the weekend. The guest appearance seemingly only further angered fans on social media. “See, you know me, I’m always on some different sh-t,” the “3 Headed Goat” rapper, who was one of many acts headlining the show, told audience members. “I want to bring my motherf-cking brother out here–a real one. Genuine with that heart. Can’t nobody cancel sh-t without me saying it?” Lil Durk and Morgan Wallen. (Photo: Lil Durk YouTube/screenshot) Many folks on social media were not pleased with Durk’s continued support, including one Twitter who called the entire incident “big time insulting.” They added, “And Nashville knows exactly what it was doing.” That is big time insulting. And Nashville knows exactly what it was doing. — Sudafed and Scotch (@FlBadtz) January 17, 2022 “Cool points gone @lildurk,” wrote another person. Cool points gone @lildurk — Miss Elise (@Detroitgem) January 17, 2022 A third person wrote, “@lildurk don’t post not a single MLK quote and you steady riding wit @MorganWallen a negro Harriet woulda shot and his massa looking ass.” @lildurk don’t post not a single MLK quote and you steady riding wit @MorganWallen a negro Harriet woulda shot and his massa looking ass. — Shanae (@EyeAmQueenX) January 17, 2022 But there was some people who supported both artists. KUDO’S to Durkio’s management team!! Whoever THEY are really are taking HIM next level! Excellent guidance, exposure and management!!! [prayer hands emoji] Big KUDO’S to @lildurk for being open to change and taking charge of HIS career!!! NEVER look or go backwards! BYE HATERS!!! Story continues KUDO'S to Durkio's management team!! Whoever THEY are really are taking HIM next level! Excellent guidance, exposure and management!!! Big KUDO'S to @lildurk for being open to change and taking charge of HIS career!!! NEVER look or go backwards! BYE HATERS!!! — The Melanized Michael Myers (@TaliaferroMyers) January 16, 2022 Durk recently gave the Nashville star a co-sign and declared him “ not canceled ” during an interview with TMZ. “He ain’t no racist. That’s my boy. We had a long talk. He had his public situation. … I vouch for him, and he good,” Durk told reporters. He added, “He ain’t canceled, I talked to him. When I say you ain’t canceled, you ain’t canceled.” People online blasted him for his comments almost immediately. As previously reported, Wa
**Last 60 Days of Bitcoin's Closing Prices:**
[58119.58, 59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-18
**Financial & Commodity Data:**
- Gold Closing Price: $1812.30
- Crude Oil Closing Price: $85.43
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $788,229,324,200
- Hash Rate: 164768414.35037845
- Transaction Count: 265057.0
- Unique Addresses: 654446.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: In a short period, cryptocurrency has developed more drastically than the traditional finance world. This niche is governed by its own set of rules and models, with no ties to the rest of the conventional financial models which makes it exceptional in the first place. Basically, cryptocurrency investors have had limited tools and knowledge in the area of traditional finance. However, these two worlds have begun to merge – a collision of individual concepts and strategies. Thus, more economic concepts found in traditional finance will become applicable in cryptocurrency as well. That said, cryptocurrency investors must understand these traditional concepts and how they can be applied to crypto. This article explores the role of traditional finance in cryptocurrency, the difference between the CeFi and DeFi, and what it may mean for the world of cryptocurrency. What is traditional finance? Traditional finance simply refers to the methods used over the years. It includes financial methods such as getting loans, overdrafts, and creating accounts in brick and mortar banking institutions. An example of traditional finance is walking into a bank to get a loan or using a cheque to withdraw cash from a bank. Traditional finance often has investors who take rational, deliberate decisions which operate under risk and uncertainty. Also, traditional finance can be defined as ‘normative’ because the established rules and regulations are followed by everyone universally. These rules, however, are not influenced by personal opinion or feeling, rather they are based solely on facts, which is why many people refer to this type of finance as objective Centralised finance versus decentralised finance The key difference between centralised finance and decentralised finance is the exchange model. With centralised finance , the system is governed by centralised authority which makes the rules and enforce them. On the other hand, decentralised finance is governed by technology – a computer algorithm, for example. DeFi users access financial services via decentralised applications ( dApps ), a platform that leverages smart contracts and DAOs for self-automation. Story continues Because of this difference, an intermediate body becomes the biggest differentiator, this intermediate body is responsible for exchanges in CeFi. This means CeFi transactions, users can transfer risk to these exchanges and this makes them responsible for keeping the users funds safe. However, in DeFi, these intermediaries do not exist. What replaces it are known as smart contract protocols which serve as the intermediary which self-executes transactions based on predetermined criteria. There are other differences between the two. For example, CeFi aids fiat to crypto conversions and cross-chain solutions. This means, where necessary, a CeFi body can transfer funds to aid its users in cases like requesting a loan or an overdraft, or block all transactions in an emergency such as a hack. While with DeFi, it is incredibly more transparent and private because the systems are set up not to ask for personal details of the user and unlike CeFi, are non-custodial. More so, with DeFi, transaction restrictions do not exist and block trading is not possible. What is the role of traditional finance in cryptocurrency? The biggest role traditional finance can perform in cryptocurrency is providing maturity and security. With cryptocurrency, it is important to consider the immaturity of the ecosystem and how it is still at a budding stage. Bitcoin, being the oldest cryptocurrency, has been around for at least 13 years. In comparison, the oldest surviving bank – Banca Monte Dei Paschi di Siena – was founded in 1472. This further implies that current traditional finance institutions have been around for several centuries and, as such, possess a few tricks up their sleeves compared to the cryptocurrency space, which is relatively new. Also, with new projects and trends like NFTs, DeFi , IDOs and others, plans are on the way to making them long-term and incorporating them into today’s economic world. However, the issue still remains that there’s a severe lack of insurance, protection or even the experience to create a new financial paradigm. This is where traditional finance specialists come in. With their understanding and experience of concepts that have been applied to decades-old institutions, cryptocurrency is bound to thrive. Think of cryptocurrency as the young student who needs to learn from the master, traditional finance. In fact, Jack Tao, the CEO of Phemex, a cryptocurrency derivatives trading platform, when acknowledging the need for better solutions stated that: “With over a decade of experience at Morgan Stanley, I’ve seen what centralised financial institutions are capable of doing to protect themselves and was disappointed to see the same tactics in an ecosystem that was supposed to embody principles of distributed control and equality.” “We started Phemex because investors deserve better. The cryptocurrency industry is small but burgeoning, and we want to drive the change towards a better monetary system.” Also, it is undeniable that traditional finance possesses the knowledge to address some of the biggest problems in the cryptocurrency industry. For instance, an average crypto investor may not see the holes in the armour of cryptocurrency, but experts in the traditional finance sector can catch on to such matters early enough. Finally, although cryptocurrency is all the rage in the financial world at the moment, it does not make traditional finance useless or obsolete. In fact, traditional finance may have yet another important role to play in grooming the cryptocurrency industry....
- 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.
|
41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33
|
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:**
['Regulators have been back in action this week, with crypto exchanges once more a key area of focus. As exchanges look to ramp up marketing campaigns to lure investors, regulators have been looking to stem the tide. A number of exchanges have been particularly active in ramping up marketing campaigns, drawing the attention of regulators. Crypto Exchanges and Crypto Ad Clampdown In the 1 st week of the year, news had hit the wires of the UK’s Advertising Standards Authority (ASA) banning two Crypto.com ( CRO ) ads. The Singapore government also hit crypto exchanges with a ban on advertising. According to news at the start of the week, Singapore’s MAS imposed a blanket ban on digital payment token providers (DPTs) from marketing their services in public areas. In Singapore, public areas include social media platforms and print media as well as on public transport and transportation venues. Following Singapore’s ban, the UK government announced plans to crackdown on “misleading” crypto ads. The latest move is reportedly to align crypto exchange advertising with the advertising requirements for mutual funds and other financial products. Following Singapore’s ban and the UK government’s announcement, news hit the wires of Spain’s CNMV rolling out new crypto ad rules, reportedly effective on 17 th February. For both the UK and Spain, requiring strict rules in the advertising of riskier assets is aligned with the advertising of other financial products. This is unlikely to be considered punitive and should be seen as a natural progression for the crypto markets. Advertising laws for mutual funds and other financial products have continued to evolve over the years. For the crypto markets, however, the greater concern will likely be over the marked increase in regulatory activity. Ad Clampdown Coincides with Calls for a Global Regulatory Framework Late last year, the Bank of England had called for a global economic framework to address risks to financial stability. Earlier this year, the IMF echoed the Bank of England’s calls, talking of interconnectedness between the crypto and U.S equity markets. Story continues At the start of the week, we also reported on news from DAVOS 2022. India’s prime minister Modi called for “ global cooperation and a common approach towards addressing emerging challenges posed by cryptocurrencies ”. The latest clamp down and focus on advertising campaigns is likely stemming from calls by regulators to protect investors. For crypto exchanges and the crypto markets, there will also be a likely increase in uncertainty to test support for the crypto majors. Bitcoin (BTC) Price Action At the time of writing, Bitcoin ( BTC ) was up by 0.15% to $42,435. Market reaction to the latest spate of regulatory activity has been relatively muted on Bitcoin. For the current week, Bitcoin is down by just 1.69%. Year-to-date, however, Bitcoin is down 8.28%, with crypto market sentiment towards FED monetary policy and regulatory activity weighing. The losses are modest, however, when compared with the slump of 2018. Tomorrow’s US Congress subcommittee hearing on cryptos may have a greater impact, however… This article was originally posted on FX Empire More From FXEMPIRE: Why Goldman Sachs Stock Is Down By 8% Today Spain Joins List of Countries Regulating Crypto Ads Space Silver Prices Buck the Trend and Rally Above Key Resistance European Equities: A Quiet Economic Calendar Leaves Crude Oil and FED Policy in Focus Can Crypto Really Beat Inflation? Gold Prices Slip as the Dollar Surges', 'Regulators have been back in action this week, with crypto exchanges once more a key area of focus.\nAs exchanges look to ramp up marketing campaigns to lure investors, regulators have been looking to stem the tide. A number of exchanges have been particularly active in ramping up marketing campaigns, drawing the attention of regulators.\nIn the 1stweek of the year,news had hit the wiresof the UK’s Advertising Standards Authority (ASA) banning two Crypto.com (CRO) ads.\nThe Singapore government also hit crypto exchanges with a ban on advertising. According tonewsat the start of the week, Singapore’s MAS imposed a blanket ban on digital payment token providers (DPTs) from marketing their services in public areas. In Singapore, public areas include social media platforms and print media as well as on public transport and transportation venues.\nFollowing Singapore’s ban, the UK governmentannouncedplans to crackdown on “misleading” crypto ads. The latest move is reportedly to align crypto exchange advertising with the advertising requirements for mutual funds and other financial products.\nFollowing Singapore’s ban and the UK government’s announcement,news hit the wiresof Spain’s CNMV rolling out new crypto ad rules, reportedly effective on 17thFebruary.\nFor both the UK and Spain, requiring strict rules in the advertising of riskier assets is aligned with the advertising of other financial products. This is unlikely to be considered punitive and should be seen as a natural progression for the crypto markets. Advertising laws for mutual funds and other financial products have continued to evolve over the years.\nFor the crypto markets, however, the greater concern will likely be over the marked increase in regulatory activity.\nLate last year, theBank of Englandhad called for a global economic framework to address risks to financial stability. Earlier this year, theIMFechoed the Bank of England’s calls, talking of interconnectedness between the crypto and U.S equity markets.\nAt the start of the week, we also reported onnewsfrom DAVOS 2022. India’s prime minister Modi called for “global cooperation and a common approach towards addressing emerging challenges posed by cryptocurrencies”.\nThe latest clamp down and focus on advertising campaigns is likely stemming from calls by regulators to protect investors.\nFor crypto exchanges and the crypto markets, there will also be a likely increase in uncertainty to test support for the crypto majors.\nAt the time of writing, Bitcoin (BTC) was up by 0.15% to $42,435. Market reaction to the latest spate of regulatory activity has been relatively muted on Bitcoin. For the current week, Bitcoin is down by just 1.69%. Year-to-date, however, Bitcoin is down 8.28%, with crypto market sentiment towards FED monetary policy and regulatory activity weighing.\nThe losses are modest, however, when compared with the slump of 2018. Tomorrow’sUS Congress subcommittee hearing on cryptosmay have a greater impact, however…\nThisarticlewas originally posted on FX Empire\n• Why Goldman Sachs Stock Is Down By 8% Today\n• Spain Joins List of Countries Regulating Crypto Ads Space\n• Silver Prices Buck the Trend and Rally Above Key Resistance\n• European Equities: A Quiet Economic Calendar Leaves Crude Oil and FED Policy in Focus\n• Can Crypto Really Beat Inflation?\n• Gold Prices Slip as the Dollar Surges', 'BeInCrypto \x96 Bitcoin Beach: El Zonte is a surf hotspot in El Salvador. The town will now be the location of the first wave park in all of Central America. With construction about to start, it holds a lot of promise in attracting more surfers to its waters. This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto', 'BeInCrypto –\nBitcoin Beach: El Zonte is a surf hotspot in El Salvador. The town will now be the location of the first wave park in all of Central America. With construction about to start, it holds a lot of promise in attracting more surfers to its waters.\nThis storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto', 'BeInCrypto –\nBitcoin Beach: El Zonte is a surf hotspot in El Salvador. The town will now be the location of the first wave park in all of Central America. With construction about to start, it holds a lot of promise in attracting more surfers to its waters.\nThis storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto', 'It is a relatively busy start to the day on theeconomic calendarthis morning. The Kiwi Dollar and the Aussie Dollar were in action in the early hours.\nElectronic card retail sales increased by a modest 0.4% in December, following a 9.6% jump in November.\nAccording toNZ Stats,\n• Easing COVID-19 restrictions and the Christmas holidays supported another increase in card spending.\n• While total retail card spending rose by just 0.4%, spending on services jumped by 16.6%.\n• Within the retail industries, spending on fuel led the way, rising by 4.2%.\n• Spending on durables and consumables bucked the trend, however, falling by 7.2% and by 0.1% respectively.\n• The sharp fall in durable spending was attributed to higher spending in November that had coincided with Black Friday sales.\nThe Kiwi Dollar moved from $0.67695 to $0.67668 upon release of the figures. At the time of writing, theKiwi Dollarwas down by 0.06% to $0.6766.\nThe Westpac Consumer Sentiment Index fell by 2% to 102.2 in January. In December, the Index had fallen by 1.0% to 104.3. Economists had forecast a 0.3% decline.\nAccording to the latestWestpac Report,\n• The 2% decline, attributed to the Omicron strain, was modest when compared with the Delta strain driven 5.2% slide.\nLooking at the sub-components:\n• Family finances vs a year ago increased by 7.5% to 95.6, while family finances next 12-months fell by 2.8% to 108.1. In spite of the decline the sub-index held above a long run average of 107.5.\n• Economic conditions next 12-months fell by 9.6% to 94.8, with economic conditions next 5-years falling 6.1% to 103.6. Both continued to sit above their long run averages of 91.1 and 91.9 respectively.\n• In spite of the negative sentiment, the time to buy a major household item rose by 2.8% to 108.9. (Long run average: 126.5).\n• The tim
**Last 60 Days of Bitcoin's Closing Prices:**
[59697.20, 58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-19
**Financial & Commodity Data:**
- Gold Closing Price: $1843.10
- Crude Oil Closing Price: $86.96
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $799,886,820,150
- Hash Rate: 209595115.3133491
- Transaction Count: 270334.0
- Unique Addresses: 663454.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoinfailed to settle above the 20 EMA at $49,400 and pulled back towards the $48,000 level, which is a major disappointment for crypto bulls.
The leading cryptocurrencies, Bitcoin andEthereum, have recently started to move higher together with other riskier assets as traders shrugged off worries about the spread of Omicron.
However, it looks that the crypto market is not yet ready for a big move. Yesterday,S&P 500enjoyed strong support and moved closer to all-time high levels but leading cryptocurrencies faced resistance and pulled back.
I’d also note that Bitcoin Dominance, which measures the market capitalization of Bitcoin as a percentage of total crypto market capitalization, is close to yearly lows, which indicates that altcoins are gaining market share. In case Bitcoin Dominance settles below the 40% level, it may move towards 2018 lows near 36% which will be bearish for Bitcoin.
Bitcoin has recently made an attempt to settle above the 20 EMA at $49,400 but failed to develop sufficient upside momentum and pulled back.
Currently, Bitcoin is trying to get below the nearest support level at $48,000. In case this attempt is successful, Bitcoin will move towards the next support at $47,000. Importantly, such a move would push Bitcoin back into the previous downside channel, which would be a major victory for the bears.
On the upside, Bitcoin needs to get above the 20 EMA at $49,400. Bitcoin may also face some resistance near the psychologically important $50,000 level, but it should face little resistance between $50,000 and $52,000 so such a move could be very fast.
Taking a look at H1 chart, we can see that Bitcoin is dangerously close to the previous downside channel. RSI is in the moderate territory, so there is enough room to gain additional downside momentum in case Bitcoin manages to settle below $48,000.
For a look at all of today’s economic events, check out oureconomic calendar.
Thisarticlewas originally posted on FX Empire
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- Reddit Posts (Sample): [['u/U1yZ3d', 'Australian exchange sending directly to Polygon?', 17, '2022-01-19 00:02', 'https://www.reddit.com/r/fiaustralia/comments/s7alvo/australian_exchange_sending_directly_to_polygon/', "Hi everyone -\n\nThree months ago, I decided to begin DCAing 10% of my cash flow into crypto. I'm less interested in the speculation and happy to hold for 5+ years. I'm roughly looking at 25% BTC, 25% ETH, 25% Index Coop products like DPI that give me broad exposure.\n\nAfter around three months, I've found the biggest issue is transaction costs. For the Index products, I'm only buying on Polygon. For the custodial stuff (BTC and ETH), I'm holding at [btcmarkets.net](https://btcmarkets.net/). I want to find the most efficient *Australian* channel for moving fiat through centralised exchanged, likely on to DEXs for staking but\n\nCould anyone more knowledgeable advise on the **cheapest reliable Australian provider to buy ETH (or even DAI or USDC) I can send directly to Polygon?**", 'https://www.reddit.com/r/fiaustralia/comments/s7alvo/australian_exchange_sending_directly_to_polygon/', 's7alvo', [['u/certi-lost-boy', 24, '2022-01-19 00:12', 'https://www.reddit.com/r/fiaustralia/comments/s7alvo/australian_exchange_sending_directly_to_polygon/ht8sjlu/', 'I think swyftx support exchanging on the polygon network, they have pretty minimal fees. Also support staking for polygon', 's7alvo'], ['u/uhnup11', 14, '2022-01-19 00:40', 'https://www.reddit.com/r/fiaustralia/comments/s7alvo/australian_exchange_sending_directly_to_polygon/ht8wl5k/', 'Id say binance is probably your best best at the moment. They support osko/payid for 0% deposit fee and the trading fee is quite small too. \n\nWithdrawl fee is pretty standard. \n\nId say probably the quickest method out there at the moment.', 's7alvo']]], ['u/DaGingerKid316', 'Bitcoin Farm 12.12 Breakdown', 85, '2022-01-19 00:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/', 'So I have been looking to see if anyone had made an updated spreadsheet breaking down the investment costs of the Bitcoin Farm to see when I would break even and I couldn\'t find anything so here is one I made, I hope it is useful to some people.\n\nSo some things to go over in regards to how I am making these estimates. I am using the Tarkok-markets website to get the last 24-hour price estimates on all items, prices will vary, and that could have a large impact on long-term profit, especially the price of fuel.\n\nSpeaking of fuel, I calculated how many "points of fuel" (100 fuel points in a metal fuel tank) are used in a 24 hour period by breaking down what each fuel point is worth which might not be entirely accurate, I intend to redo that to make sure I did it correctly to the best of my knowledge.\n\nWe are also assuming with all of these estimates no gradual progression, this works under the assumption that you start today going from 0 graphics cards to 50 in an instant and then going on from there.\n\nWith all of these items, you can spend all day waiting for people to list them on the flea market undervalue and save a lot of money that way. However, the biggest way to save money is to find these items yourself, something I assume you never did when making these estimates. I like to be as harsh as possible when trying to estimate stuff, so that way I am covered even in the worst of events.\n\nI am ignoring hideout management and crafting skills as I am not really sure how those impact the bitcoin farm, or really anything at all as I have never paid much attention to those skills. I would be happy to add them to the calculation if someone could explain to me what they actually impact.\n\nThe last thing I want to mention is the sections color-coded in the darker red, the section I call " Hypothetical / Not Possible". This is what Bitcoin Farm level 3 could do if you don\'t have the requirement of building the solar farm to even get level 3. Just something I was curious to see is what that section of information is.\n\nPlease feel free to let me know if I am missing anything as I am sure many of you already will.\n\n[https://docs.google.com/spreadsheets/d/1FS1SpXVzz4f7i102bZKfN-UiQPU-t8YuXeza9NCBu4c/edit#gid=0](https://docs.google.com/spreadsheets/d/1FS1SpXVzz4f7i102bZKfN-UiQPU-t8YuXeza9NCBu4c/edit#gid=0)\n\n&#x200B;\n\nEdit: It was mentioned that fuel costs shouldn\'t be counted as that cost is being covered by the many other things you should be doing in hideout so I am adding something if you want to ignore fuel costs. I also want to mention that to make Bitcoin Farm 3 you need Water Collector 3, a cost I did not account for, I chose not to assume that most people will just naturally get water collection 3 for super water and booze collector, I don\'t think most people get solar farm which is why I counted one and not the other.\n\nAlso, I created a new sheet dividing some of the solar vs non-solar data, which might make it easier to look at.\n\nEdit2: Forgot the Euros in Solar power when I redid them, only a small 11 mil rub error that had no impact whatsoever.', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/', 's7ap96', [['u/Penguinsburgh', 11, '2022-01-19 00:36', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/ht8w1au/', 'So basically three months of running to break even assuming you buy everything?', 's7ap96'], ['u/claramill', 26, '2022-01-19 01:27', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/ht93b8v/', "There's a whole other reason not to consider fuel costs. Because you can take the empty cans and craft them with some other items to actually make a profit on the fuel anyway.\n\nEdit: if not a profit, then very very close to being even, especially considering your other options regarding empty fuel cans.", 's7ap96'], ['u/K3TtLek0Rn', 38, '2022-01-19 02:50', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/ht9ene6/', "I don't even really care if it's profitable. I make the bitcoin farm so that I can have a steady income. After a certain point, I get tired of looting every little piece of crap and selling it on the flea. When I have a maxed out bitcoin farm, I kinda don't have to worry about looting anymore.", 's7ap96'], ['u/ProperSmells', 13, '2022-01-19 04:59', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/ht9vzsk/', "Exactly. It's the only investment in the game that provides passive income. That alone makes it worth it for anyone playing the game enough to actually utilize it.", 's7ap96'], ['u/AudioVisualz', 12, '2022-01-19 05:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/ht9ykkw/', 'Mag cases and I think grenade cases?', 's7ap96'], ['u/tehflambo', 12, '2022-01-19 06:30', 'https://www.reddit.com/r/EscapefromTarkov/comments/s7ap96/bitcoin_farm_1212_breakdown/hta6l1j/', 'What this sheet tells you is that you\'d be at "don\'t even have to worry about looting anymore" way WAY sooner if you just didn\'t make the farm and sold the GPUs.\n\nThe shortest number of days to turn a profit is either:\n\n\\#GCs | Days Until B/E (no fuel)\n:--|:--\n1|9.44\nor\n\n\\#GCs | Days Until B/E (with fuel)\n:--|:--\n10|92.09\n\nSo the Bitcoin farm only makes sense if you\'re in it for how profitable it gets after 3+ months, or if you wanna run it no power/1 card and just let it give you a trickle after 10 days. If you only care about being able to ignore looting asap, you should just sell GPUs on the flea. If you don\'t like selling every little thing on the flea, just sell the GPUs.\n\nLike, end of the day do what you like to do and enjoy it, but if it\'s really about having money so you can take it easy on the looting then sell the GPUs.', 's7ap96']]], ['u/siddharta0', 'New lows, more Quant for us.', 33, '2022-01-19 00:54', 'https://www.reddit.com/r/QuantNetwork/comments/s7bs9p/new_lows_more_quant_for_us/', "I still buy. I mean, right now it's time to focus on gettin in. I bought ethereum early, and a few other coins. I can feel it. 💥This is a gem. A conservative prediction is 10x before 2023, depends of course if Bitcoin don't fall off the cliff. Anyhow, Quant is a long term play. 5-10 years. Thats my 2 cents.", 'https://www.reddit.com/r/QuantNetwork/comments/s7bs9p/new_lows_more_quant_for_us/', 's7bs9p', [['u/ItWasAGhost', 17, '2022-01-19 01:08', 'https://www.reddit.com/r/QuantNetwork/comments/s7bs9p/new_lows_more_quant_for_us/ht90lbz/', 'I bought in at $275 so its been a little disappointing....but I am just leaving my Quant in a Cold Wallet for years and years, so in the long run should still be golden', 's7bs9p']]], ['u/thisisQualia', "Is Cardano's ADA finally decoupling from Bitcoin and Ethereum?", 43, '2022-01-19 01:54', 'https://www.reddit.com/r/cardano/comments/s7d3nd/is_cardanos_ada_finally_decoupling_from_bitcoin/', 'What is your take on the latest oscillations "not in tandem" with the top 2?', 'https://www.reddit.com/r/cardano/comments/s7d3nd/is_cardanos_ada_finally_decoupling_from_bitcoin/', 's7d3nd', [['u/signalme', 10, '2022-01-19 02:06', 'https://www.reddit.com/r/cardano/comments/s7d3nd/is_cardanos_ada_finally_decoupling_from_bitcoin/ht98okm/', 'I don’t think. It’s just had a small breakout to the upside.', 's7d3nd'], ['u/ZiberBugsAdmin', 13, '2022-01-19 02:20', 'https://www.reddit.com/r/cardano/comments/s7d3nd/is_cardanos_ada_finally_decoupling_from_bitcoin/ht9ajpu/', 'If I\'m not mistaken, it was like that last bull run too, the one up to 3 dollars?\n\nI\'ve been referring to Cardano as "the top decoupled altcoin" for some time.', 's7d3nd'], ['u/sheltojb', 66, '2022-01-19 02:56', 'https://www.reddit.com/r/cardano/comments/s7d3nd/is_cardanos_ada_finally_decoupling_from_bitcoin/ht9fi40/', "No. It's just acting independently for a few days while all the bandwagoners jump on for the sundaeswap iso.", 's7d3nd']]]...
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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40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18
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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:**
['Jan. 6 Select Committee votes to hold Jeffery Clark in contempt of Congress on Wednesday, Dec. 1, 2021. The House select committee investigating the Jan. 6, 2021, attack on the Capitol on Wednesday subpoenaed the two leaders of the alt-right "America First" or "Groyper" movement. Committee Chairman Bennie Thompson (D-Miss.) said in a statement the panel believes Nicholas Fuentes and Patrick Casey have information relevant to the planning, coordination and funding of events that were held in the lead-up to the January attack. "The Select Committee is seeking facts about the planning, coordination, and funding of events that preceded the violent attack on our democracy. We believe the individuals we have subpoenaed today have information relevant to those questions, and we expect them to cooperate with the committee," Thompson said in a statement. "The committee will continue to push forward to get answers for the American people and help ensure nothing like January 6th ever happens again," he added. Fuentes and Casey are both prominent far-right figures who in the past have touted false claims regarding the 2020 presidential election and called for the destruction of the GOP once it failed to overturn the vote tally. The Anti-Defamation League has labeled Fuentes as a white supremacist leader , and the FBI has referred to Casey as a white supremacist . Both men were on Capitol grounds on Jan. 6, 2021, according to the select committee. The panel said it does not appear that Fuentes entered the building, but did not provide additional information on Casey\'s movements. The committee is now asking that the pair produce documents by Feb. 2 and appear for depositions by Feb. 9. Thompson noted in the subpoenas that both individuals previously declined requests from the panel to voluntarily participate in the investigation. In its subpoena, the panel outlined a number of instances when Fuentes "advanced efforts to challenge the legitimacy of the 2020 presidential election." On Nov. 11, 2020 the committee said Fuentes organized a "Stop the Steal" rally at the Michigan State Capitol, where he said conservatives should be "more feral" in their efforts to reverse the election results. Story continues On Nov. 14, 2020, Fuentes reportedly attended a rally with his supporters where he encouraged them to "storm every state capitol until January 20, 2021, until President Trump is inaugurated for four more years." The day after the riot, Fuentes reportedly wrote on Twitter "The Capitol Siege was f---ing awesome and I\'m not going to pretend it wasn\'t." Thompson also detailed past comments made by Casey, including on Nov. 14, 2020, when he reportedly pushed "Stop the Steal" election fraud theories and called for then-President Trump to rule for life. While the riot was taking place at the Capitol on Jan. 6, 2020, Casey reportedly wrote on Twitter "It\'s happening." The committee also appears to be following the money involved with the Jan. 6, 2021 attack. Thompson said Fuentes reportedly received a Bitcoin donation worth more than $250,000 that the FBI is looking into "to assess whether the money was linked to the Capitol attack or otherwise used to fund illegal acts." In his subpoena to Casey, Thompson said the "America First" leader reportedly received roughly $25,000 worth of Bitcoin from a French computer programmer, the same donor who funneled funds to Fuentes. Casey made headlines in June when news broke that he was set to hold a fundraiser with Rep. Paul Gosar (R-Ariz.) The requests for documents and a deposition come one day after the investigative committee subpoenaed former President Trump\'s personal lawyer Rudy Giuliani and three other campaign attorneys connected to efforts to overturn the results of the 2020 presidential election. The new wave of subpoenas comes nearly two weeks after the one-year anniversary of the deadly attack. Rep. Adam Kinzinger (R-Ill.) earlier this month said if the panel stopped its investigation that day it would be able to publish a "powerful and substantive narrative." Kinzinger is one of two GOP lawmakers serving on the panel. The committee has interviewed more than 300 people and issued upwards of 60 subpoenas, according to CNN . Kinzinger earlier this month, however, said "We still have more information, obviously, we want to get." Updated at 8:02 p.m.', 'Jan. 6 Select Committee votes to hold Jeffery Clark in contempt of Congress on Wednesday, Dec. 1, 2021. The House select committee investigating the Jan. 6, 2021, attack on the Capitol on Wednesday subpoenaed the two leaders of the alt-right "America First" or "Groyper" movement. Committee Chairman Bennie Thompson (D-Miss.) said in a statement the panel believes Nicholas Fuentes and Patrick Casey have information relevant to the planning, coordination and funding of events that were held in the lead-up to the January attack. "The Select Committee is seeking facts about the planning, coordination, and funding of events that preceded the violent attack on our democracy. We believe the individuals we have subpoenaed today have information relevant to those questions, and we expect them to cooperate with the committee," Thompson said in a statement. "The committee will continue to push forward to get answers for the American people and help ensure nothing like January 6th ever happens again," he added. Fuentes and Casey are both prominent far-right figures who in the past have touted false claims regarding the 2020 presidential election and called for the destruction of the GOP once it failed to overturn the vote tally. The Anti-Defamation League has labeled Fuentes as a white supremacist leader , and the FBI has referred to Casey as a white supremacist . Both men were on Capitol grounds on Jan. 6, 2021, according to the select committee. The panel said it does not appear that Fuentes entered the building, but did not provide additional information on Casey\'s movements. The committee is now asking that the pair produce documents by Feb. 2 and appear for depositions by Feb. 9. Thompson noted in the subpoenas that both individuals previously declined requests from the panel to voluntarily participate in the investigation. In its subpoena, the panel outlined a number of instances when Fuentes "advanced efforts to challenge the legitimacy of the 2020 presidential election." On Nov. 11, 2020 the committee said Fuentes organized a "Stop the Steal" rally at the Michigan State Capitol, where he said conservatives should be "more feral" in their efforts to reverse the election results. Story continues On Nov. 14, 2020, Fuentes reportedly attended a rally with his supporters where he encouraged them to "storm every state capitol until January 20, 2021, until President Trump is inaugurated for four more years." The day after the riot, Fuentes reportedly wrote on Twitter "The Capitol Siege was f---ing awesome and I\'m not going to pretend it wasn\'t." Thompson also detailed past comments made by Casey, including on Nov. 14, 2020, when he reportedly pushed "Stop the Steal" election fraud theories and called for then-President Trump to rule for life. While the riot was taking place at the Capitol on Jan. 6, 2020, Casey reportedly wrote on Twitter "It\'s happening." The committee also appears to be following the money involved with the Jan. 6, 2021 attack. Thompson said Fuentes reportedly received a Bitcoin donation worth more than $250,000 that the FBI is looking into "to assess whether the money was linked to the Capitol attack or otherwise used to fund illegal acts." In his subpoena to Casey, Thompson said the "America First" leader reportedly received roughly $25,000 worth of Bitcoin from a French computer programmer, the same donor who funneled funds to Fuentes. Casey made headlines in June when news broke that he was set to hold a fundraiser with Rep. Paul Gosar (R-Ariz.) The requests for documents and a deposition come one day after the investigative committee subpoenaed former President Trump\'s personal lawyer Rudy Giuliani and three other campaign attorneys connected to efforts to overturn the results of the 2020 presidential election. The new wave of subpoenas comes nearly two weeks after the one-year anniversary of the deadly attack. Rep. Adam Kinzinger (R-Ill.) earlier this month said if the panel stopped its investigation that day it would be able to publish a "powerful and substantive narrative." Kinzinger is one of two GOP lawmakers serving on the panel. The committee has interviewed more than 300 people and issued upwards of 60 subpoenas, according to CNN . Kinzinger earlier this month, however, said "We still have more information, obviously, we want to get." Updated at 8:02 p.m.', 'It was a bearish day for Bitcoin (BTC) and the broader crypto market on Wednesday.\nBitcoin fell by 1.65% to end the day at $41,676, with resistance at $42,500 pegging Bitcoin back on the day.\nElsewhere, Litecoin (LTC) slid by 3.77%, with Ethereum (ETH) ending the day down by 2.39%. Cardano (ADA) was amongst the biggest losers on the day, however, sliding by 8.29%.\nMovement across the crypto market was once more aligned with the U.S equity markets mid-week. Market angst over inflation and FED monetary policy continued to weigh on riskier assets.\nThe NASDAQ followed Tuesday’s 2.60% tumble with a 1.15% slide. Things were not much better for the Dow and the S&P500, which saw losses of 0.96% and 0.97% respectively.\nFor regulators and IMF, the recent trends have been a source of concern. Earlier this year, theIMFhad raised concerns over the interconnectedness of the crypto and U.S equity markets. The IMF’s concerns were aligned with those of theBank of England. Late last year, the BoE had called for a global economic framework to address risks to financial stability.\nFor the crypto market, increased regulatory chatter and activity has contributed to the bearish start to the year. Market sentiment towards FED monetary policy, which has weighed heavily
**Last 60 Days of Bitcoin's Closing Prices:**
[58730.48, 56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-20
**Financial & Commodity Data:**
- Gold Closing Price: $1842.50
- Crude Oil Closing Price: $86.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $792,987,005,222
- Hash Rate: 204748985.4795144
- Transaction Count: 271265.0
- Unique Addresses: 683613.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Popular social media platform Reddit has launched a waitlist that’ll see it expand its ‘Ethereum based Community Points’ token rewards program. Reddit’s Ethereum Reward Waitlist With this new waitlist, it’ll be possible for all subreddit on the platform to opt-in for this feature. The token reward is similar to the regular karma scores that users earn upvotes on their valuable contributions on the forum. The Community Points are still in their beta phase, and Reddit has warned users to exercise caution. It’s against the platform’s rule to trade, sell, or exchange the points. Users and mods can sign up for the waitlist to request that the Community Points feature be added to their subreddit once the beta program is live. In addition, all participating subreddits will be able to create “Special Memberships” that unlock more features for users with their points. The beta program will also introduce “weighted polls,” a feature that gives a more prominent voice to users with higher community points who are usually the most active contributors in the community. Reddit’s Waitlist has own Website Reddit also launched a website for the new program, which explains everything a user needs to know about community points and how it will work. Beyond this Community Points program, the social platform is also working on creating an NFT marketplace. Notably, the platform first started this reward program in December 2019 with an Ethereum based token tagged ‘Donuts’ in the r/Ethrrader subreddit. It later expanded this to other communities in May 2020 with ‘Moons’ for the r/Cryptocurrency subreddit and ‘Bricks’ for r/FortniteBR, all of which are on the Ethereum testnet. Other Social Media Sites Incorporating Crypto Features Reddit is not the only social media site that is implementing a crypto feature to its platform. Other social media sites like Twitter have introduced new crypto features to their site in a growing sign of crypto adoption across the world. Story continues Discord also recently hinted that it could be incorporating support for crypto assets on its platform though this was met with stiff opposition from users of the site. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Continue Sideways Dance Crypto Market Today: Bitcoin and Ether Resume Decline, XRP Rally Hits Roadblock USD/CAD Daily Forecast – Test Of Resistance At 1.2710 Lennar Scales to New Record High Ahead of Q4 Earnings; Stock Has Tons of Upside Potential Chinese Authorities Intensify Crackdown on Cryptocurrencies Silver Price Daily Forecast – Silver Declines As Gold/Silver Ratio Moves Above 80...
- Reddit Posts (Sample): [['u/RevoltPirate', 'Predictions?', 13, '2022-01-20 00:00', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/', 'ALT season is very near, Bitcoin will retrace back to its high 50s. When bitcoin retraces, the ALT coins will go with it. \n\nWhat price predictions do you guys have of loopring? It already went up by 900% since January’21. \n\nI have no doubt loopring will surpass its ATH during the ALT season. Looking for opinions, or if there are any popular loopring chart readers using fibonacci ?\n\nEDIT: not 154% since the new year.', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/', 's838ne', [['u/heavyonthesauce', 70, '2022-01-20 00:02', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/htdtmx1/', 'I’d like to see $4-6 in the upcoming months. EOY I’d like see my boot up my bosses ass.', 's838ne'], ['u/QueasyChampion5', 16, '2022-01-20 00:08', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/htdug91/', '>It is currently up 154% since the new year.\n\nThats not true lol', 's838ne'], ['u/lloydeph6', 39, '2022-01-20 00:26', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/htdx2pk/', 'Let’s just make it back to $2.00 before talking expectations and predictions please', 's838ne'], ['u/asscheese_terps710', 29, '2022-01-20 00:30', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/htdxonc/', 'Let’s make it back to $3.00 to be really sure', 's838ne'], ['u/ImTheTractorbeam', 18, '2022-01-20 00:38', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/htdyth4/', 'The 1 year chart , and "up 154% since the new year" are not the same thing. Look at the 1 Month chart, we are way down..and it\'s January.', 's838ne'], ['u/Ok-Towel-8785', 10, '2022-01-20 00:40', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/htdz5yg/', 'Oooooh, I’d be in the green!', 's838ne'], ['u/kindo7', 10, '2022-01-20 01:11', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/hte3e26/', "Wow thats alot of hopium there and although i'd wish this would be true, surpassing btc or eth is unlikely.\n\nBy investing in lrc, you are betting on decentralisation aspect compared to other alt coins and eth is what provides that. so if lrc or any L2 does well it makes ethereum even more valuable. Even though bitcoin is complicated and gas fees etc its the most decentralised and secure, 3x more than eth and its store of value. \n\nThe wallet still has alot of improvements before its idiot proof and you can't build on loopring L2 yet, not until zkevm is developed.\n\nDont get me wrong, lrc is great and will be a top 10 coin someday but this sounds rediculous. Be realistic or this sort of hopium will only bring dissapointment.", 's838ne'], ['u/Kaiser-Rotbart', 14, '2022-01-20 02:56', 'https://www.reddit.com/r/loopringorg/comments/s838ne/predictions/htehfdc/', 'I’d say a bull case in next 1-2yrs looks like Matic’s market cap, so $15-20B. I do think that would require some major partnerships. \n\nI think a more conservative, no partnership world in 1-2yrs would be $3-5 just based on layer 2 growth. \n\nThere is a bear case where no partners come through and other L2s win, where LRC would slowly die. \n\nLast but certainly not least there’s a mega bull case where LRC scales their team, lands major partnerships, and is a winning player in L2, where this starts to look like $30-50 after a few years. \n\nHard to say. Anything over $10 and I’ll be ecstatic.', 's838ne']]], ['u/Practical_Arm3063', 'Coinbase took my $150k and closed my account. No way to get in touch with Coinbase.', 240, '2022-01-20 00:40', 'https://www.reddit.com/r/CoinBase/comments/s845t8/coinbase_took_my_150k_and_closed_my_account_no/', 'I consider myself an early Coinbase user. I signed up for Coinbase in 2013 after they were founded in 2012. I purchased some bitcoins early and kept them in Coinbase, - the total value of my cryptocurrency is over $150,000. In early Jan 2022, Coinbase sent me an email saying that they have closed my account and I\'m no longer able to access their service. I was shocked and confused. I cautiously followed their instructions to sign in to transfer my crypto to an external wallet. It turns out that they didn\'t include all of my cryptos - all my Dogecoin were gone. I tried to transfer out BTH and ETH to my external wallet. There\'s an error that shows "This recipient address isn\'t whitelisted." and asks me to whitelist my external wallet. But they already closed my account, so I can\'t access any other pages. Therefore, there\'s no way for me to whitelist my external address to get my crypto out of Coinbase. I contacted them several times, but their customer support never responded to me. This is where I\'ve lost all my trust for this public company. I\'m with them when they were only 1 year old. If they can do this to me with all my $150k assets, imagine what they can do to you. For those who are in the similar situation, I\'m happy to fight this together with you. If you are a news outlet and interested in publishing an article, feel free to contact me for more details.\n\nCoinbase closed my account without giving a case number. The only case number that I have is my inquiry to them: Case #09656800\n\n&#x200B;\n\n==\n\n1st update - Jan 20, 2022 22hrs after the initial reddit post, we have 195 upvote, 213 comments, Many people DM me and say they have similar situations, frustrated with their money being locked, thousands of dollars. Although we got so much attention, Coinbase didn\'t reply anything, still no email or comment response. How can we trust Coinbase with our money in their platform when small individuals need help?\n\nFor those of you wondering what you get after Coinbase closed your account, here\'s what it looks like when you sign in the app: [https://twitter.com/grapemanxxx/status/1484281977817559042?s=20](https://twitter.com/grapemanxxx/status/1484281977817559042?s=20)\n\nHere\'s what it looks like when you sign in the website:[https://twitter.com/grapemanxxx/status/1484000461757640704?s=20](https://twitter.com/grapemanxxx/status/1484000461757640704?s=20)\n\nHere\'s the error when you try to transfer your crypto out: [https://twitter.com/grapemanxxx/status/1484001510925090816?s=20](https://twitter.com/grapemanxxx/status/1484001510925090816?s=20)\n\n==\n\n2nd update - Jan 21, 2022 Two days after the initial reddit post.\n\n18 hrs ago, u/coinbasesupport left first comment under this post and mentioned that someone will reach out to me via email shortly. 16 hours ago, I got an email from Coinbase support team - this is the first time I received their response after so many days... Their email response basically rephrased their statements without looking into my problems. \n\n1. I still can\'t transfer my $150k tokens out because there\'s an error that asks me to whitelist my external wallet. But I cannot whitelist any wallet because Coinbase\'s already closed my account. Therefore, there\'s no way for me to transfer my crypto out of Coinbase. You guys can screenshot here - [https://twitter.com/grapemanxxx/status/1484001510925090816?s=20](https://twitter.com/grapemanxxx/status/1484001510925090816?s=20)\n2. It seems Coinbase did admit that they took my all DOGE, so they put them back to my landingpage, but I\'m still unable to transfer out due to above issue.\n\nSee coinbase support\'s reply - [https://twitter.com/grapemanxxx/status/1484707944511856640?s=21](https://twitter.com/grapemanxxx/status/1484707944511856640?s=21)\n\nSee how coinbase lets you transfer your coins out without letting you transfer your coins out - [https://twitter.com/grapemanxxx/status/1484707177088516098?s=21](https://twitter.com/grapemanxxx/status/1484707177088516098?s=21)\n\nFollow my twitter for more image updates [https://twitter.com/grapemanxxx](https://twitter.com/grapemanxxx)\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;', 'https://www.reddit.com/r/CoinBase/comments/s845t8/coinbase_took_my_150k_and_closed_my_account_no/', 's845t8', [['u/Frognation777', 28, '2022-01-20 00:51', 'https://www.reddit.com/r/CoinBase/comments/s845t8/coinbase_took_my_150k_and_closed_my_account_no/hte0pno/', 'Wow how is this legal? This is nightmare :/ mind I ask did they give you a reason why they closed your account? This is a reminder for people “not your key, not your crypto”', 's845t8'], ['u/PsLJdogg', 37, '2022-01-20 01:00', 'https://www.reddit.com/r/CoinBase/comments/s845t8/coinbase_took_my_150k_and_closed_my_account_no/hte1vzr/', 'Were you active on the account at all over these past several years? If not, this may be a case of [escheatment](https://help.coinbase.com/en/coinbase/managing-my-account/other/escheatment-and-unclaimed-funds).', 's845t8'], ['u/lonelytrip', 131, '2022-01-20 01:00', 'https://www.reddit.com/r/CoinBase/comments/s845t8/coinbase_took_my_150k_and_closed_my_account_no/hte1xa2/', 'I’m here for a class action lawsuit. My issue is $58k but imagine how much money that is in America. That they can tie up my own account for months no response. I think the crazy thing is how they hire all these people on Reddit to fight people who complain instead of hiring proper customer service. How did they go public? Must’ve lied to their investors and pushed their poor execution and processes under the table.', 's845t8'], ['u/papiswagg', 16, '2022-01-20 01:46', 'https://www.reddit.com/r/CoinBase/comments/s845t8/coinbase_took_my_150k_and_closed_my_account_no/hte84nm/', "Bro first try calling them. The number is on Google. Them send separate support tickets for each of your issues. You have to give them time to respond other wise each email goes back to the bottom of the pile. If no response after 2 weeks file a complaint. Also try contacting them on Twitter and on there support sub reddit. Stay strong I'm in the same exact boat. We are gonna get thru this..", 's845t8'], ['u/WillDisap...
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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36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60
|
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:**
["At £268,000 ($366,211), the average UK property price is 10% higher than a year ago, but the good news is that wherever you’re hoping to buy, it’s still possible to pick up a bargain at a fraction of what you’d typically pay. However there’s usually a reason why the price is so low — it may have a sitting tenant, require complete modernisation, be structurally unsound or blighted in some other way. Whether you’re stepping on to the housing ladder or purchasing for investment, always investigate what the problem is, get a survey done and factor in the cost of remedial and renovation work. When applicable, find out if the property is mortgageable as most lenders won’t touch it if it’s in poor condition, very tiny or has under 80 years remaining on the lease. Here’s a round-up of the best budget homes currently for sale in the UK. 1. One-bed house, Bishop Auckland, County Durham. Guide price: £13,500 This boarded-up terraced house in County Durham is on sale for £13,500. Photo: SDL Property Auctions You can probably guess from the boarded-up windows and door that this terraced house is in dire need of a makeover. However, if you were planning to rent it out, the prospect of an annual yield in excess of 30% of the guide price could be all the motivation you need to get started. There’s a living room and kitchen on the ground floor, with the bedroom and bathroom above and a bijou garden at the back. It’s set to be auctioned on 27 January . If it grabs your interest, you’ll need to register by noon the day before and submit your bid remotely. 2. Studio flat, Sheffield. Guide price: £25,000 Residents have use of a laundry and the convenience of a mini supermarket on the ground floor of the building. Photo: Auction House Online (Online property auctions) The city centre location — in walking distance of the train station, shops, university and nightlife — is one of the many plus points of this modern flat, which at the moment is let to a tenant for £563 per calendar month. It comprises a living and sleeping area containing a kitchenette with fitted cupboards and appliances, a built-in wardrobe, desk unit and double bed, and a shower room. Residents have use of a laundry and the convenience of a mini supermarket on the ground floor of the building. As it’s for sale via online auction , it could well achieve more than the guide price of £25,000. Bidding opens at 1pm on 24 January and closes 24 hours later, and you must register in advance. Read more: The costs to consider when buying a home 3. One-bed flat, Kirkintilloch, East Dunbartonshire. Price: offers over £40,000 Located in a quiet spot offering easy access to Glasgow city centre and the central belt motorway network, this bargain is on the market for £40,000. Photo: Pacitti Jones (Pacitti Jones) It’s looking rather sorry for itself right now, but there’s plenty of potential to carry out improvements and add value to this first floor flat after dealing with issues highlighted in the home report, such as damp and gutter repairs and testing the electrics and gas appliances. Story continues Located in a quiet spot offering easy access to Glasgow city centre and the central belt motorway network, it has an L-shaped hall, large living room, kitchen, double bedroom and bathroom with a white suite, and a decent amount of storage space. It's on the market with estate agents Pacitti Jones . Read more: Bitcoin in 2021 in 12 charts 4. One-bed flat, Bilston, West Midlands. Price: £50,000 This West Midlands property features a fitted kitchen with a breakfast bar and a separate living room. Photo: Connells (Connells) Ideal for an investor, this bright second floor flat is occupied by a long term sitting tenant and well located for commuting into Birmingham and Wolverhampton, either by road or rail from Coseley station, half a mile away. A park with an outdoor gym, tennis courts and other sports facilities is also nearby. The property is reached via a covered external walkway, and includes a fitted kitchen with a breakfast bar, a separate living room, a double bedroom and bathroom. There’s an allocated parking space and a garage too. The estate agents are Connells . 5. Studio flat, Belvedere, Kent. Price: £80,000 There are only 64 years left on the lease for this property so obtaining a mortgage would be unlikely. Photo: Your Move (estate agent) This is probably the cheapest non-retirement property on the market in Greater London where, according to Zoopla, flats have changed hands for average of £521,000 over the past year. Its low price is due to the fact that it’s compact with only 64 years left on the lease, so is available to cash buyers only as there’s little likelihood of obtaining a mortgage. The property has all-white walls and a Shaker style kitchen. Photo: Your Move (Your Move) Once you’ve overcome that obstacle, it’s chain free and ready to move into. The ground floor flat has its own front door and consists of a lounge/bedroom area with a wide archway through into a Shaker-style kitchen, a shower room, separate WC and garden. Your Move are the agents you need to talk to if you are interested. Watch: How much money do I need to buy a house? View comments", "At £268,000 ($366,211), the average UK property price is 10% higher than a year ago, but the good news is that wherever you’re hoping to buy, it’s still possible to pick up a bargain at a fraction of what you’d typically pay. However there’s usually a reason why the price is so low — it may have a sitting tenant, require complete modernisation, be structurally unsound or blighted in some other way. Whether you’re stepping on to the housing ladder or purchasing for investment, always investigate what the problem is, get a survey done and factor in the cost of remedial and renovation work. When applicable, find out if the property is mortgageable as most lenders won’t touch it if it’s in poor condition, very tiny or has under 80 years remaining on the lease. Here’s a round-up of the best budget homes currently for sale in the UK. 1. One-bed house, Bishop Auckland, County Durham. Guide price: £13,500 This boarded-up terraced house in County Durham is on sale for £13,500. Photo: SDL Property Auctions You can probably guess from the boarded-up windows and door that this terraced house is in dire need of a makeover. However, if you were planning to rent it out, the prospect of an annual yield in excess of 30% of the guide price could be all the motivation you need to get started. There’s a living room and kitchen on the ground floor, with the bedroom and bathroom above and a bijou garden at the back. It’s set to be auctioned on 27 January . If it grabs your interest, you’ll need to register by noon the day before and submit your bid remotely. 2. Studio flat, Sheffield. Guide price: £25,000 Residents have use of a laundry and the convenience of a mini supermarket on the ground floor of the building. Photo: Auction House Online (Online property auctions) The city centre location — in walking distance of the train station, shops, university and nightlife — is one of the many plus points of this modern flat, which at the moment is let to a tenant for £563 per calendar month. It comprises a living and sleeping area containing a kitchenette with fitted cupboards and appliances, a built-in wardrobe, desk unit and double bed, and a shower room. Residents have use of a laundry and the convenience of a mini supermarket on the ground floor of the building. As it’s for sale via online auction , it could well achieve more than the guide price of £25,000. Bidding opens at 1pm on 24 January and closes 24 hours later, and you must register in advance. Read more: The costs to consider when buying a home 3. One-bed flat, Kirkintilloch, East Dunbartonshire. Price: offers over £40,000 Located in a quiet spot offering easy access to Glasgow city centre and the central belt motorway network, this bargain is on the market for £40,000. Photo: Pacitti Jones (Pacitti Jones) It’s looking rather sorry for itself right now, but there’s plenty of potential to carry out improvements and add value to this first floor flat after dealing with issues highlighted in the home report, such as damp and gutter repairs and testing the electrics and gas appliances. Story continues Located in a quiet spot offering easy access to Glasgow city centre and the central belt motorway network, it has an L-shaped hall, large living room, kitchen, double bedroom and bathroom with a white suite, and a decent amount of storage space. It's on the market with estate agents Pacitti Jones . Read more: Bitcoin in 2021 in 12 charts 4. One-bed flat, Bilston, West Midlands. Price: £50,000 This West Midlands property features a fitted kitchen with a breakfast bar and a separate living room. Photo: Connells (Connells) Ideal for an investor, this bright second floor flat is occupied by a long term sitting tenant and well located for commuting into Birmingham and Wolverhampton, either by road or rail from Coseley station, half a mile away. A park with an outdoor gym, tennis courts and other sports facilities is also nearby. The property is reached via a covered external walkway, and includes a fitted kitchen with a breakfast bar, a separate living room, a double bedroom and bathroom. There’s an allocated parking space and a garage too. The estate agents are Connells . 5. Studio flat, Belvedere, Kent. Price: £80,000 There are only 64 years left on the lease for this property so obtaining a mortgage would be unlikely. Photo: Your Move (estate agent) This is probably the cheapest non-retirement property on the market in Greater London where, according to Zoopla, flats have changed hands for average of £521,000 over the past year. Its low price is due to the fact that it’s compact with only 64 years left on the lease, so is available to cash buyers only as there’s little likelihood of obtaining a mortgage. The property has all-white walls and a Shaker style kitchen. Photo: Your Move (Y
**Last 60 Days of Bitcoin's Closing Prices:**
[56289.29, 57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-21
**Financial & Commodity Data:**
- Gold Closing Price: $1831.80
- Crude Oil Closing Price: $85.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $726,605,966,394
- Hash Rate: 175442615.30802113
- Transaction Count: 272348.0
- Unique Addresses: 721363.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.19
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: More than half of the USAs Bitcoin holders began their investment during the last 12 months, according to the latest Grayscale report. Grayscale Investments third annual report on attitudes and perspectives about Bitcoin shows that demand for Bitcoin recorded a tremendous jump in 2021. A survey conducted in mid-August showed that, among 1,000 people quizzed, the percentage of people holding Bitcoin in the US rose to 26%. The report, dubbed Grayscale 2021 Bitcoin Investor Study, was made in partnership with financial market research firm 8 Acre Perspective, and it demonstrates continued growth in interest, awareness, and adoption of Bitcoin and the digital currency ecosystem at large. More than half (59%) omostly invested through crypto trading apps like eToro or Coinbase, representing a paradigm shift from last year when more than three-quarters of investors (77%) preferred a Bitcoin exchange. Investors are eager to buy a sentiment reflected by the recent all-time high in November 2021, placing Bitcoin closer to $100,000 than it is to zero. The Grayscale study also showed that most of these investors were hodling, with approximately 66% of those who purchased Bitcoin more than 12 months ago still owning it today. Of the investors who have sold, 91% have sold at least some Bitcoin at a profit. Need for Bitcoin ETF Even with the rise of market segments and use cases, such as decentralised finance (DeFi) and non-fungible tokens (NFTs), Bitcoin still accounts for 46% of the total value of crypto markets. Grayscale revealed that more than three-quarters (77%) of US investors said they would be more likely to invest in Bitcoin if an ETF existed. In October 2021, the concept of a Bitcoin ETF was realised as the Bitcoin futures ETF sponsored by ProShares made its trading debut on the New York Stock Exchange. The demographics of Bitcoin investors also shifted in 2021. Bitcoin is increasingly crossing generations to reach older investors, including retirees who are keen to consider Bitcoin investment products as a component of their portfolios. An ETF that offers direct exposure to the price of Bitcoin is commonly seen by many as the linchpin in a strategy to bridge traditional financial institutions with digital currencies and is widely understood as a potential catalyst for widespread adoption....
- Reddit Posts (Sample): [['u/alexslater25', 'Is this the dip, the dip dip, the dippity dip, or the dippity dawpity doop?', 19, '2022-01-21 00:59', 'https://www.reddit.com/r/SaitamaInu_Official/comments/s8wlre/is_this_the_dip_the_dip_dip_the_dippity_dip_or/', "C'mon guys, it's Crypto! None of us here accumulated hundreds of Bitcoin back in 2009, nobody can predict what will happen. But, you haven't lost anything as long as you hold your investment. Saitama was always going to be a long hold, nothing has changed that.\n\nThis dip is just more opportunity to accumulate super cheap Saitama and clone your money. They've actually released something. Sure it's buggy, it just came out! It wasn't expected to be working perfectly, but what do you think will happen in 1-2 years from now? It's in their best interest to fix all those bugs asap and release more software and catalysts, they have the technical skills to do it, it's not just talk. So, I'll be growing and growing my bag for the endgame, that was always the plan here and if you're a strong hodler, you won't regret it.", 'https://www.reddit.com/r/SaitamaInu_Official/comments/s8wlre/is_this_the_dip_the_dip_dip_the_dippity_dip_or/', 's8wlre', [['u/DZFXMEDIA_', 10, '2022-01-21 01:06', 'https://www.reddit.com/r/SaitamaInu_Official/comments/s8wlre/is_this_the_dip_the_dip_dip_the_dippity_dip_or/htj2vjs/', 'seriously people acting like the app is NOT out...it will work in a few , but forreal children WAIT', 's8wlre'], ['u/FewMagazine938', 10, '2022-01-21 01:39', 'https://www.reddit.com/r/SaitamaInu_Official/comments/s8wlre/is_this_the_dip_the_dip_dip_the_dippity_dip_or/htj7gpv/', 'Im with you...reminds me of safemoon when they first started...im just going to stop with Reddit and go about my day...these new crypto late-early comers are toxic asf...too much bitching and whining...good grief i have never come across such stupidity....hope reddit fix the toxic vibes by the time i return', 's8wlre']]], ['u/TenderTruth999', 'How decentralized is Loopring exactly?', 213, '2022-01-21 01:03', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/', "Hello, I have a few concerns about LCR and the protocol. For starters, how decentralized is the loopring protocol? I ask because I just watched a video on the protocol COVER, which was shut down and the SEC looked into them. You cannot ''shut down'' Bitcoin, and there is no Bitcoin headquarters or CEO. Loopring does have a headquarters in Shanghai and Daniel Wang is the CEO. They also use Amazon Web Services. I find these bits of information a bit concerning, or maybe Im just uneducated, but *theoretically speaking*, could the CCP decide to shut down the Loopring protocol one day? Because unlike Bitcoin, there is no CEO or HQ they can raid and there is no one man that can press a button and shut it down. Or theoretically speaking, Amazon Web Services says ''nah, we don't like you'' (for whatever reason) and shuts down their servers. Is this a possibility? Can someone educate me on this please?\n\nEDIT: why are people downvoting this? I am genuinely curious about how secure it is and want to learn more. ", 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/', 's8wpl4', [['u/BestLaidPlants', 25, '2022-01-21 01:06', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htj2vnm/', 'It’s exactly as secure and decentralized as ethereum because it derives its security from the ethereum network. China can only shut down the network *in China*, not globally, as they’ve demonstrated repeatedly', 's8wpl4'], ['u/BestLaidPlants', 15, '2022-01-21 01:11', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htj3k3o/', 'I’m saying they can’t. They can only cut themselves off from the network.', 's8wpl4'], ['u/BestLaidPlants', 14, '2022-01-21 01:17', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htj4gc4/', 'Then the rest of the world keeps moving right along and leaving the US in the rear view mirror. They’d never do it. It’d require taking control of everything. It’s basically inconceivable.', 's8wpl4'], ['u/BestLaidPlants', 10, '2022-01-21 01:27', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htj5st1/', 'Sounds like you shouldn’t invest in any crypto, then. That fear applies to the entire industry. I think seeing that plan come to fruition at a global scale in a short time is basically inconceivable.', 's8wpl4'], ['u/crankyp420', 70, '2022-01-21 01:42', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htj7xhz/', "Don't downvote, just respond and/or upvote quality responses", 's8wpl4'], ['u/jglx40', 21, '2022-01-21 02:05', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htjb5e3/', 'Thanks for the explanation. Especially for calling out the relayer piece. I had wondered about its nature since seeing loopring team upgraded hardware to increase throughput. So the question is if loopring relayer is down or permanently disabled, will the L2 assets stuck or they can be transferred by other means?', 's8wpl4'], ['u/CTE_Nerd_731', 62, '2022-01-21 02:33', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htjey7z/', 'By the way, I love these type of post. No hopium. No hype. Let’s just talk it out and understand. It brings knowledge to all that participate. Thank you OP. \n\nThus sub used to be like this regularly. 😒', 's8wpl4'], ['u/ES_Legman', 11, '2022-01-21 02:36', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htjfhjn/', 'Have a look at this: https://www.reddit.com/r/loopringorg/comments/m12iza/how_to_start_a_loopring_relayer_node/gqc66pt/', 's8wpl4'], ['u/_lil_mermaid_', 11, '2022-01-21 02:41', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htjg5zt/', 'China can shutdown their office in china, thats about it, they have no power to do anything to loopring itself cuz it is global and living on ethereum', 's8wpl4'], ['u/MonJcfarland', 37, '2022-01-21 03:08', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htjjv8d/', 'Exactly. This is a great post to generate healthy discussion. Love reading through these', 's8wpl4'], ['u/TenderTruth999', 24, '2022-01-21 03:27', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htjmegd/', "Thanks, Im super interested in loopring because it honestly seems like ''the one'', the more I learn about it the better it seems. But at the same time, I dont want it to be too good to be true lol, so I want to learn how exactly it works and how secure it is because it really does seem like amazing technology.", 's8wpl4'], ['u/abrown191', 12, '2022-01-21 04:13', 'https://www.reddit.com/r/loopringorg/comments/s8wpl4/how_decentralized_is_loopring_exactly/htjsu4l/', 'Thank you god - this is the most annoying part I see about Reddit pages - especially if the comment is legit and constructive', 's8wpl4']]], ['u/binthewin', 'How to talk to your friends/relatives during a bear market.', 424, '2022-01-21 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/s8xsgm/how_to_talk_to_your_friendsrelatives_during_a/', 'Greetings, here are some tried and proven methods on how to talk to people in your life who know you are holding crypto during a bear market.\n\n**1. Feign ignorance.**\n\nScenario: In a facetime call with your father and he asks you how "that bitmoney of yours is doing".\n\nResponse: "Bitmoney? Haha (fake laughter) you mean *bitcoin* dad. I was just joking about getting into it. What is it even?"\n\n**2. Lie**\n\nScenario: Your mother texts you asking what you did with Grandpa\'s inheritance.\n\nResponse: "Oh (stalling language to give you more time to assemble your thoughts), I put it into a high-yield savings account. Why? Will you be needing it in about 9-10 months time?"\n\n**3. Redirect**\n\nScenario: You leave your desk for a cup of coffee and your co-worker shouts "Hey! It\'s Mr. Funny-Money!"\n\nResponse: "Hey! It\'s Mr. Give-his-wife-a-black-eye-so-she-leaves-with-the-kids!"\n\n**4. Run**\n\nScenario: Your wife is asking what happened to the money for the trip to Italy you were saving up for anniversary.\n\nResponse: "Hang on I need to take a piss (do not go to the bathroom, but instead leave the house and run to a neighboring city and register under a new identity)".\n\n**5. Hide**\n\nScenario: Your brother-in-law has tracked you down under your new identity of "Janice Maria Juan Hernandez" a trans-sexual erotic dancer, and phones you on your cell-phone.\n\nResponse: Do not pick up.\n\n**6. Gas-light**\n\nScenario: Your boss is concerned about you because she noticed you stopped talking about cryptocurrency even though you were raving all about it throughout 2021.\n\nResponse: "What? You were the one telling me about it. Don\'t you remember \'HODL, HODL\' and \'to the moon!\'? You were saying it all the time! (surreptitiously place your \'No sell \'til LAMBO\' mug on her desk) Look! Remember parading this around last summer?"\n\n**7. Talk sense**\n\nScenario: Some drunk walks up to you on the street and says "Cryptocurrencies are a fucking fraud man! I put all my savings into them and lost everything!"\n\nResponse: "Listen you degenerate urchin (clinch to deflect his attack), a bear market is a natural process of any economic environment (duck a punch). If you can\'t handle the bear and hold, you don\'t deserve the bull\'s gold (parry his knife with your child)."\n\n**8. Admit that maybe you are over-leveraged and that ultimately your life is more important than money.**\n\nScenario: The police are speaking to you over a loudspeaker as you stand on the rooftop of your 12 floor office building.\n\nRespo...
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.
|
35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12
|
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:**
['It was a particularly bearish day for Bitcoin (BTC) and the broader market on Friday. Market sentiment towards FED monetary policy and a continued tech sell-off weighed on the crypto market.\nFor Bitcoin, a 10.4% tumble on Friday left Bitcoin at $36,000 levels. The only highlight of day was a recovery from $35,000 levels. Bitcoin had last visited $35,000 levels back in July 2021.\nThings were not much better elsewhere. Ethereum (ETH) slumped by 14.4%, with Crypto.com Coin (CRO) down by 14.6%. The Friday meltdown saw as much as $280bn wiped out before a partial recovery. On the day, the crypto market cap fell by $200bn.\nBitcoin and the broader crypto market have been in a downward spiral since November. From November’s ATH $68,979, Bitcoin was down by 47.1% to Friday’s close. The time of Bitcoin’s slump has coincided with increased regulatory chatter and a shift in the FED’s stance on inflation and monetary policy.\nWhile the regulatory scrutiny has had a direct impact, FED forward guidance has hit both the global equity markets and the crypto market.\nEarlier this year,IMFhad raised concerns over the interconnectedness of the U.S equity markets and the crypto market. The IMF’s comments followed calls from theBank of Englandfor a global crypto regulatory framework. These are not only concerns over cryptos and financial stability, however. On Thursday, a U.S Congress subcommitteehearinggathered initial views from witnesses on the impact of Proof-of-Work protocols on the environment.\nDuring the hearing, it was evident that there were two clear sides with no one sitting on the fence. While there was nothing negative to weigh on Bitcoin and the crypto market, lawmakers were certainly leaning towards the negative aspects of Bitcoin mining. Withnewsof the SEC also planning to increase scrutiny, the crypto market is in for a tough time ahead.\nFor the crypto markets, however, it hasn’t just been UK and the U.S regulators that have been more active in the crypto space.\nThis week, there has beennewsof Russia’s central bank proposing to ban cryptos and crypto mining was also negative. According to theUniversity of Cambridge, the Russian Federation accounted for 11.23% of the Bitcoin hashrate in August 2021. Russia’s influence on the Commonwealth of Independent States could also prove damaging. Kazakhstan is the leading Bitcoin mining state, with the world’s 2ndlargest hashrate of 18.1% as at August 2021.\nFor Binance (BNB), the news couldn’t have come at a worst time. Earlier this month,newshad hit the wires of Binance making strategic hires in Russia and the Ukraine.\nOn Friday, the NASDAQ slid by 2.72% to end the week down by 7.55%. The reversal left the NASDAQ in corrective territory, while also weighing on the Dow and the S&P500.\nThe correlation between the U.S equity markets and the crypto market looks to have justified the IMF and the Bank of England’s concerns. This in itself may well lead to even greater regulatory scrutiny. It remains to be seen whether the crypto market can come out of its current death spiral. Unlike the U.S equity markets, the FED and the U.S government will unlikely be too concerned over the latest crypto market correction.\nAt the time of writing, Bitcoin was down by 0.24% to $36,381. A move through the today’s $37,693 pivot would bring $40,000 levels into play. Plenty of support would be needed, however, for a break back through to $38,000 levels.\nA fall back to sub-$36,000 would bring the first major support level at $34,270 into play. The Bitcoin bears are eyeing a return to sub-$30,000. Bitcoin last sat at sub-$30,000 back in July 2021. $29,000 had proven to be the key support level following a reversal from last April’s previous ATH of $64,829.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Moves Back To The Resistance At 1.2550\n• Gold Prices Ease but Finish the Week Up Strongly\n• S&P 500 Gets Hammered to Break Major Support for the Week\n• Crude Oil Markets Continue to See Volatility\n• Blackrock to Track Blockchain and Tech with new ETF\n• European Equities: A Week in Review – 21/01/22', 'It was a particularly bearish day for Bitcoin (BTC) and the broader market on Friday. Market sentiment towards FED monetary policy and a continued tech sell-off weighed on the crypto market.\nFor Bitcoin, a 10.4% tumble on Friday left Bitcoin at $36,000 levels. The only highlight of day was a recovery from $35,000 levels. Bitcoin had last visited $35,000 levels back in July 2021.\nThings were not much better elsewhere. Ethereum (ETH) slumped by 14.4%, with Crypto.com Coin (CRO) down by 14.6%. The Friday meltdown saw as much as $280bn wiped out before a partial recovery. On the day, the crypto market cap fell by $200bn.\nBitcoin and the broader crypto market have been in a downward spiral since November. From November’s ATH $68,979, Bitcoin was down by 47.1% to Friday’s close. The time of Bitcoin’s slump has coincided with increased regulatory chatter and a shift in the FED’s stance on inflation and monetary policy.\nWhile the regulatory scrutiny has had a direct impact, FED forward guidance has hit both the global equity markets and the crypto market.\nEarlier this year,IMFhad raised concerns over the interconnectedness of the U.S equity markets and the crypto market. The IMF’s comments followed calls from theBank of Englandfor a global crypto regulatory framework. These are not only concerns over cryptos and financial stability, however. On Thursday, a U.S Congress subcommitteehearinggathered initial views from witnesses on the impact of Proof-of-Work protocols on the environment.\nDuring the hearing, it was evident that there were two clear sides with no one sitting on the fence. While there was nothing negative to weigh on Bitcoin and the crypto market, lawmakers were certainly leaning towards the negative aspects of Bitcoin mining. Withnewsof the SEC also planning to increase scrutiny, the crypto market is in for a tough time ahead.\nFor the crypto markets, however, it hasn’t just been UK and the U.S regulators that have been more active in the crypto space.\nThis week, there has beennewsof Russia’s central bank proposing to ban cryptos and crypto mining was also negative. According to theUniversity of Cambridge, the Russian Federation accounted for 11.23% of the Bitcoin hashrate in August 2021. Russia’s influence on the Commonwealth of Independent States could also prove damaging. Kazakhstan is the leading Bitcoin mining state, with the world’s 2ndlargest hashrate of 18.1% as at August 2021.\nFor Binance (BNB), the news couldn’t have come at a worst time. Earlier this month,newshad hit the wires of Binance making strategic hires in Russia and the Ukraine.\nOn Friday, the NASDAQ slid by 2.72% to end the week down by 7.55%. The reversal left the NASDAQ in corrective territory, while also weighing on the Dow and the S&P500.\nThe correlation between the U.S equity markets and the crypto market looks to have justified the IMF and the Bank of England’s concerns. This in itself may well lead to even greater regulatory scrutiny. It remains to be seen whether the crypto market can come out of its current death spiral. Unlike the U.S equity markets, the FED and the U.S government will unlikely be too concerned over the latest crypto market correction.\nAt the time of writing, Bitcoin was down by 0.24% to $36,381. A move through the today’s $37,693 pivot would bring $40,000 levels into play. Plenty of support would be needed, however, for a break back through to $38,000 levels.\nA fall back to sub-$36,000 would bring the first major support level at $34,270 into play. The Bitcoin bears are eyeing a return to sub-$30,000. Bitcoin last sat at sub-$30,000 back in July 2021. $29,000 had proven to be the key support level following a reversal from last April’s previous ATH of $64,829.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Moves Back To The Resistance At 1.2550\n• Gold Prices Ease but Finish the Week Up Strongly\n• S&P 500 Gets Hammered to Break Major Support for the Week\n• Crude Oil Markets Continue to See Volatility\n• Blackrock to Track Blockchain and Tech with new ETF\n• European Equities: A Week in Review – 21/01/22', 'It was a particularly bearish day for Bitcoin ( BTC ) and the broader market on Friday. Market sentiment towards FED monetary policy and a continued tech sell-off weighed on the crypto market. For Bitcoin, a 10.4% tumble on Friday left Bitcoin at $36,000 levels. The only highlight of day was a recovery from $35,000 levels. Bitcoin had last visited $35,000 levels back in July 2021. Things were not much better elsewhere. Ethereum ( ETH ) slumped by 14.4%, with Crypto.com Coin ( CRO ) down by 14.6%. The Friday meltdown saw as much as $280bn wiped out before a partial recovery. On the day, the crypto market cap fell by $200bn. Central Bank and Regulatory Chatter Remain Key Drivers Bitcoin and the broader crypto market have been in a downward spiral since November. From November’s ATH $68,979, Bitcoin was down by 47.1% to Friday’s close. The time of Bitcoin’s slump has coincided with increased regulatory chatter and a shift in the FED’s stance on inflation and monetary policy. While the regulatory scrutiny has had a direct impact, FED forward guidance has hit both the global equity markets and the crypto market. Earlier this year, IMF had raised concerns over the interconnectedness of the U.S equity markets and the crypto market. The IMF’s comments followed calls from the Bank of England for a global crypto regulatory framework. These are not only concerns over cryptos and financial stability, however. On Thursday, a U.S Congress subcommittee hearing gathered initial views from witnesses on the impact of Proof-of-Work protocols on the environment. During the hearing, it was evident that there were two clear sides with no one sitting on the fence. While there was nothing negative to weigh on Bitcoin and the crypto market, lawmakers were certainly leaning t
**Last 60 Days of Bitcoin's Closing Prices:**
[57569.07, 56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-22
**Financial & Commodity Data:**
- Gold Closing Price: $1831.80
- Crude Oil Closing Price: $85.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $652,875,244,125
- Hash Rate: 177474949.66786668
- Transaction Count: 250294.0
- Unique Addresses: 662382.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.13
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: VANCOUVER, BC / ACCESSWIRE / December 3, 2021 / The Power Play by The Market Herald has announced the release of a new interview with LUXXFOLIO discussing their latest press releases. The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives. LUXXFOLIO Holdings (CSE:LUXX) provides operational update LUXXFOLIO Holdings' have released their November updates which include record mining revenues of approximately $1.8 million and monthly rewards of 23.5 Bitcoin. Dean Linden, CEO of LUXXFOLIO sat down with Caroline Egan to highlight the updates. LUXXFOLIO Holdings is a digital asset company operating an industrial-scale cryptocurrency mining facility in the US. For the full interview with Dean Linden and to learn more about LUXXFOLIO's November updates, click here. Interviews for The Power Play by The Market Herald are released daily. To learn more about the companies featured in The Power Play or to explore our other interviews visit The Power Play by The Market Herald. About The Market Herald The Market Herald Canada is the leading source of authoritative breaking stock market news for self-directed investors. Our team of Canadian markets reporters, editors and technologists covers the entire listed company universe in Canada. We cover over 3,985 businesses, their people, their investors, and their customers. We write the stories that move the Canadian capital markets. DISCLAIMER: Report Card Canada Media Ltd. ("Report Card") is a wholly-owned subsidiary of Market Herald Limited, an Australian company ("Market Herald"). Report Card is not an advisory service, and does not offer, buy, sell, or provide any other rating, analysis or opinion on the securities we discuss. We are retained and compensated by the companies that we provide information on to assist them with making information available to the public. All information available on themarketherald.ca and/or this press release should be considered as commercial advertisement and not an endorsement, offer or recommendation to buy or sell securities. Report Card is not registered with any financial or securities regulatory authority in any province or territory of Canada, will not be performing any registerable activity as defined by the applicable regulatory bodies and do not provide nor claim to provide investment advice or recommendations to any visitor of this site or readers of any content on or originating from themarketherald.ca. Market Herald and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Market Herald's affiliates. In such instances, Market Herald and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Market Herald and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize any conflict. All the information on this document and/or the website - themarketherald.ca - is published in good faith and for general information purpose only. Report Card does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this document and/or website ( themarketherald.ca ) is strictly at your own risk. Report Card will not be liable for any losses and/or damages in connection with the use of our website. From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone 'bad'. Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their "Terms of Service" before engaging in any business or uploading any information. Story continues CONTACT: The Market Herald Brianna Anthony [email protected] themarketherald.ca SOURCE: The Market Herald View source version on accesswire.com: https://www.accesswire.com/676046/The-Power-Play-by-The-Market-Herald-Releases-a-new-interview-with-LUXXFOLIO...
- 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.
|
36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27
|
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:**
['Bitcoin (BTC) and the broader market were back in the deep red on Saturday. A 4thconsecutive day in the red saw Bitcoin visit sub-$35,000 levels for the first time since 25thJuly.\nOn the day, Bitcoin fell by 3.82% to end the day at $35,076. Things were no better elsewhere. Ethereum (ETH) followed Friday’s 14.4% slump with a 6.12% loss, with Crypto.com Coin (CRO) tumbling by 16.87%. Crypto.com Coin had fallen by 14.6% on Friday. Cardano (ADA) fared marginally better, falling by just 4.46% on Saturday.\nThe crypto market cap fell by a further $85bn on Saturday, after having given up $200bn on Friday. At the time of writing, the total market cap stood at $1,611bn. In November, the total market cap had risen to an ATH $3,009bn before stumbling to a current month low $1,514bn.\nAs at 22ndJanuary, theBitcoin Fear & Greed Indexstood at 13/100. While continuing to hold above 8thJanuary’s low of 10/100, the Index has retreated from a current month high 24/100.\nHaving failed to move back through to 30/100 levels and into the orange, the index has continued to reflect the market’s bearish sentiment. Significantly, the Index has been on a downward trend from a 20thJanuary 24/100. The Index had risen to 84/100 on 9thNovember before hitting reverse.\nWith the Bitcoin bears in full control at present, we continue to hold the view that an Index move back through to 30/100 levels would be needed to signal the beginnings of a Bitcoin recovery.\nMarket sentiment towards FED monetary policy and regulatory chatter and activity remain the key drivers.\nWhile the U.S markets are closed on the weekend, there has been no positive chatter to shift market sentiment. With the FED in action this coming Wednesday, dip buyers could sit on the sidelines. While the markets have begun to price in 4 rate hikes for the year, nothing is set in stone. Wednesday’s rate statement and press conference will give some clarity of what lies ahead for the year.\nAway from FED monetary policy, central bank chatter and the threat of more action also remains ever present. Following SEC Chair Genslercommentslast week on increased crypto market scrutiny, regulatory activity is likely to pick up in the coming months.\nThe bignewsgoing into the weekend, however, was of Russia’s central bank proposing to ban cryptos and crypto mining. With market reaction to the news negative, the markets will need to wait until Monday at the earliest for any updates on the proposed ban.\nAll of this points to another choppy day ahead.\nAt the time of writing, Bitcoin was up by 0.90% to $35,392. Bitcoin would need to avoid a fall back through today’s $35,339 pivot to support a run at Saturday’s high $36,812. A shift in sentiment would be needed, however, for Bitcoin to breakout from the day’s first major resistance level at $36,549.\nA fall back through the day’s pivot would bring sub-$34,000 and the first major support level at $33,867 into play. In the event of an extended sell-off, support at $30,000 could come into play, however. For Bitcoin and the broader market, the lack of regulatory chatter could provide some respite early in the day. There’s unlikely to a shift from the current bearish sentiment, however…\nThisarticlewas originally posted on FX Empire\n• USD/CAD Moves Back To The Resistance At 1.2550\n• Rock Band Nirvana NFTs Go to Auction on Kurt Cobain’s Birthday\n• Adidas and Prada Unite to Hit the NFT Market with a First-of-its-Kind Collaboration\n• S&P 500 Continued the Beat Down\n• Bitcoin (BTC) Heads towards sub-$30,000 as the FED’s January Policy Decision Nears\n• Natural Gas Prices Rebound but Decline 7% This Week', 'Bitcoin ( BTC ) and the broader market were back in the deep red on Saturday. A 4 th consecutive day in the red saw Bitcoin visit sub-$35,000 levels for the first time since 25 th July. On the day, Bitcoin fell by 3.82% to end the day at $35,076. Things were no better elsewhere. Ethereum ( ETH ) followed Friday\x92s 14.4% slump with a 6.12% loss, with Crypto.com Coin ( CRO ) tumbling by 16.87%. Crypto.com Coin had fallen by 14.6% on Friday. Cardano (ADA) fared marginally better, falling by just 4.46% on Saturday. The crypto market cap fell by a further $85bn on Saturday, after having given up $200bn on Friday. At the time of writing, the total market cap stood at $1,611bn. In November, the total market cap had risen to an ATH $3,009bn before stumbling to a current month low $1,514bn. The Bitcoin Fear & Greed Index As at 22 nd January, the Bitcoin Fear & Greed Index stood at 13/100. While continuing to hold above 8 th January\x92s low of 10/100, the Index has retreated from a current month high 24/100. Having failed to move back through to 30/100 levels and into the orange, the index has continued to reflect the market\x92s bearish sentiment. Significantly, the Index has been on a downward trend from a 20 th January 24/100. The Index had risen to 84/100 on 9 th November before hitting reverse. With the Bitcoin bears in full control at present, we continue to hold the view that an Index move back through to 30/100 levels would be needed to signal the beginnings of a Bitcoin recovery. Key Market Drivers Market sentiment towards FED monetary policy and regulatory chatter and activity remain the key drivers. While the U.S markets are closed on the weekend, there has been no positive chatter to shift market sentiment. With the FED in action this coming Wednesday, dip buyers could sit on the sidelines. While the markets have begun to price in 4 rate hikes for the year, nothing is set in stone. Wednesday\x92s rate statement and press conference will give some clarity of what lies ahead for the year. Away from FED monetary policy, central bank chatter and the threat of more action also remains ever present. Following SEC Chair Gensler comments last week on increased crypto market scrutiny, regulatory activity is likely to pick up in the coming months. The big news going into the weekend, however, was of Russia\x92s central bank proposing to ban cryptos and crypto mining. With market reaction to the news negative, the markets will need to wait until Monday at the earliest for any updates on the proposed ban. All of this points to another choppy day ahead. Story continues Bitcoin Price Action At the time of writing, Bitcoin was up by 0.90% to $35,392. Bitcoin would need to avoid a fall back through today\x92s $35,339 pivot to support a run at Saturday\x92s high $36,812. A shift in sentiment would be needed, however, for Bitcoin to breakout from the day\x92s first major resistance level at $36,549. A fall back through the day\x92s pivot would bring sub-$34,000 and the first major support level at $33,867 into play. In the event of an extended sell-off, support at $30,000 could come into play, however. For Bitcoin and the broader market, the lack of regulatory chatter could provide some respite early in the day. There\x92s unlikely to a shift from the current bearish sentiment, however\x85 This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Moves Back To The Resistance At 1.2550 Rock Band Nirvana NFTs Go to Auction on Kurt Cobain\x92s Birthday Adidas and Prada Unite to Hit the NFT Market with a First-of-its-Kind Collaboration S&P 500 Continued the Beat Down Bitcoin (BTC) Heads towards sub-$30,000 as the FED\x92s January Policy Decision Nears Natural Gas Prices Rebound but Decline 7% This Week View comments', 'Bitcoin (BTC) and the broader market were back in the deep red on Saturday. A 4thconsecutive day in the red saw Bitcoin visit sub-$35,000 levels for the first time since 25thJuly.\nOn the day, Bitcoin fell by 3.82% to end the day at $35,076. Things were no better elsewhere. Ethereum (ETH) followed Friday’s 14.4% slump with a 6.12% loss, with Crypto.com Coin (CRO) tumbling by 16.87%. Crypto.com Coin had fallen by 14.6% on Friday. Cardano (ADA) fared marginally better, falling by just 4.46% on Saturday.\nThe crypto market cap fell by a further $85bn on Saturday, after having given up $200bn on Friday. At the time of writing, the total market cap stood at $1,611bn. In November, the total market cap had risen to an ATH $3,009bn before stumbling to a current month low $1,514bn.\nAs at 22ndJanuary, theBitcoin Fear & Greed Indexstood at 13/100. While continuing to hold above 8thJanuary’s low of 10/100, the Index has retreated from a current month high 24/100.\nHaving failed to move back through to 30/100 levels and into the orange, the index has continued to reflect the market’s bearish sentiment. Significantly, the Index has been on a downward trend from a 20thJanuary 24/100. The Index had risen to 84/100 on 9thNovember before hitting reverse.\nWith the Bitcoin bears in full control at present, we continue to hold the view that an Index move back through to 30/100 levels would be needed to signal the beginnings of a Bitcoin recovery.\nMarket sentiment towards FED monetary policy and regulatory chatter and activity remain the key drivers.\nWhile the U.S markets are closed on the weekend, there has been no positive chatter to shift market sentiment. With the FED in action this coming Wednesday, dip buyers could sit on the sidelines. While the markets have begun to price in 4 rate hikes for the year, nothing is set in stone. Wednesday’s rate statement and press conference will give some clarity of what lies ahead for the year.\nAway from FED monetary policy, central bank chatter and the threat of more action also remains ever present. Following SEC Chair Genslercommentslast week on increased crypto market scrutiny, regulatory activity is likely to pick up in the coming months.\nThe bignewsgoing into the weekend, however, was of Russia’s central bank proposing to ban cryptos and crypto mining. With market reaction to the news negative, the markets will need to wait until Monday at the earliest for any updates on the proposed ban.\nAll of this points to another choppy day ahead.\nAt the time of writing, Bitcoin was up by 0.90% to $35,392.
**Last 60 Days of Bitcoin's Closing Prices:**
[56280.43, 57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-23
**Financial & Commodity Data:**
- Gold Closing Price: $1831.80
- Crude Oil Closing Price: $85.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $667,104,924,262
- Hash Rate: 186746029.1281284
- Transaction Count: 203986.0
- Unique Addresses: 554355.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.11
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto – This week’s price movements for Bitcoin (BTC), gold, and our stock pick Visa. This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto...
- Reddit Posts (Sample): [['u/Explicit65', 'I am ANOTHER step closer to my ultimate goal: Remove all Nano from all the exchanges!', 102, '2022-01-23 00:01', 'https://www.reddit.com/r/nanocurrency/comments/saemma/i_am_another_step_closer_to_my_ultimate_goal/', 'Just as the title says, I just picked up another bag of Nano. I will get to my goal eventually! Do you want to help me?\n\nHere is a good [article](https://blog.nano.org/why-you-should-take-your-nano-off-exchanges-for-yourself-the-network-and-nanos-value-b1890b01136c) which explains why you should remove your Nano from exchanges.\n\nRandom Note: We can accomplish this goal together because Nano has a fixed supply. Unlike most PoW and PoS coins which constantly have new coins getting minted, no new Nano will ever be minted. This is phenomenal because at $35K per Bitcoin, $31.5 million dollars in Bitcoin is minted every single day. A lot of this Bitcoin has to be sold to pay for mining costs. This is constant sell pressure which Nano does not have!', 'https://www.reddit.com/r/nanocurrency/comments/saemma/i_am_another_step_closer_to_my_ultimate_goal/', 'saemma', [['u/uwuShill', 24, '2022-01-23 02:01', 'https://www.reddit.com/r/nanocurrency/comments/saemma/i_am_another_step_closer_to_my_ultimate_goal/httg8u4/', ">at $35K per Bitcoin, $31.5 million dollars in Bitcoin is minted every single day. A lot of this Bitcoin has to be sold to pay for mining costs. This is constant sell pressure which Nano does not have!\n\nI'd argue that with 2miners, you actually have constant buy pressure from mining. There are a non-negligible amount of people holding those rewards in Nano.", 'saemma'], ['u/No_Homework101', 16, '2022-01-23 03:14', 'https://www.reddit.com/r/nanocurrency/comments/saemma/i_am_another_step_closer_to_my_ultimate_goal/httqd25/', 'Pulling out all my nano from Binance!', 'saemma'], ['u/Bowhuntr11', 16, '2022-01-23 06:00', 'https://www.reddit.com/r/nanocurrency/comments/saemma/i_am_another_step_closer_to_my_ultimate_goal/htucujx/', "I'm doing my part! All my 2miner rewards just stay in my account. Maybe one day it will pay off. Maybe not. But I still love my nano 🙃", 'saemma'], ['u/Burrayay-Insido', 11, '2022-01-23 06:39', 'https://www.reddit.com/r/nanocurrency/comments/saemma/i_am_another_step_closer_to_my_ultimate_goal/htuhfi2/', 'natrium is better for nano', 'saemma']]], ['u/TheTruthHasNoBias', 'ETHXMR atomic swaps and ERC20 atomic swaps will change the DeFi landscape forever.', 59, '2022-01-23 00:41', 'https://www.reddit.com/r/xmrtrader/comments/safie9/ethxmr_atomic_swaps_and_erc20_atomic_swaps_will/', "With ETHXMR atomic swaps you will be able to buy ETH with XMR and have it sent to a brand new ETH wallet that will not have any ties to your KYC accounts or other trades, when you want to cash out you will be able to cash out into XMR.\n\nI think people underestimate how much bigger of a game changer ETHXMR atomic swaps will be than BTCXMR atomic swaps, especially once user friendly UI is developed.\n\nI hope someone starts working on ERC20 atomic swaps soon also. I don't know enough about the logistics behind coding it but I would imagine once you have atomic swaps working for one ERC20 it will be much easier to code for other ERC20s. \n\nThere is no stopping whats coming.", 'https://www.reddit.com/r/xmrtrader/comments/safie9/ethxmr_atomic_swaps_and_erc20_atomic_swaps_will/', 'safie9', [['u/TheTruthHasNoBias', 12, '2022-01-23 02:00', 'https://www.reddit.com/r/xmrtrader/comments/safie9/ethxmr_atomic_swaps_and_erc20_atomic_swaps_will/httg6xf/', 'If you put ETH and ERC20 tokens into a brand new never before used ETH wallet via an atomic swap and never send it to any other wallets that are tied to your identity without converting it to XMR first. I see no way for your identity to be compromised.\n\nThe only transactions anyone will see was that you were swapping in and out of XMR in that wallet, not what you did with the XMR or where the XMR came from.', 'safie9'], ['u/Hopes-Fives', 12, '2022-01-23 05:45', 'https://www.reddit.com/r/xmrtrader/comments/safie9/ethxmr_atomic_swaps_and_erc20_atomic_swaps_will/htub0oc/', 'This is a great example of how blockchain technology can change the world. ETHXMR atomic swaps will allow users to conduct transactions without having to go through a third party. This will revolutionize the way we do business and it is only the beginning.', 'safie9']]], ['u/deedopete', 'Anyone else not worried because you have a long term mindset?', 1018, '2022-01-23 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/', 'I’ve been in this since May and basically got in right after the last large dip, so I’ve expected this ever so often… it comes with the territory. I’ve followed the advice of many on here not to invest money I couldn’t afford to lose and to stick to the blue chips (BTC/ETH)..\n\nI definitely have some alts but everything I’ve invested in I believe will survive crypto winter. So if crypto winter comes, I’ll DCA in and look to the next bull market. I’m not going to sell on the way down and try to time the market I’m just going to HODL and let the market run it’s course. Anyone with me on this?', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/', 'safmzz', [['u/TruthSeeekeer', 32, '2022-01-23 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/htt6uzq/', 'If you DCA and HODL then you’re having the time of your life rn', 'safmzz'], ['u/KateR_H0l1day', 160, '2022-01-23 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/htt6wkj/', 'Not worried and buying', 'safmzz'], ['u/Novel_Bonus_2497', 10, '2022-01-23 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/htt7evq/', "Don't forget to stake.", 'safmzz'], ['u/Jack_Black_Rocks', 18, '2022-01-23 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/htt7nws/', "I'm not particularly worried because I'm only 10% allocated to crypto, while yes my stocks are down they will come back, I have 15 years until retirement.\n\nI think you're seeing desperation from people that are 100% into crypto watching their unfounded dreams evaporate while they should just fucking relax.\n\nThis world is 95% drama queens that do not know what to do in stressful times", 'safmzz'], ['u/deathtolucky', 42, '2022-01-23 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/htt8d99/', 'I never understood how people got rekt in bear markets. I now understand the urge to invest more than you have because I’m 100% certain that crypto will thrive longterm. \n\nI’m not going to do it but man oh man is the temptation there.', 'safmzz'], ['u/TheNextPharaoh', 34, '2022-01-23 01:24', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httavly/', 'I am doing the same, believing all of us will be very rich in few years', 'safmzz'], ['u/Lurkawayzzz', 11, '2022-01-23 01:24', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httawkq/', 'DCA HODL and STAKE, the holy trinity of cryptocurrency', 'safmzz'], ['u/Eurimedonte', 27, '2022-01-23 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httb1zc/', 'Payday never seemed so distant like now', 'safmzz'], ['u/BenniBoom707', 124, '2022-01-23 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httclz8/', '$1.5 Trillion was divested from Crypto within the past 90 days. That money doesn’t just disappear. It’s sitting on the sidelines waiting for the bottom. They do this every 6-9 months', 'safmzz'], ['u/milonuttigrain', 25, '2022-01-23 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httdhhg/', 'Not worried, just buying. I actually feel good that I can accumulate more Bitcoin for less.', 'safmzz'], ['u/BlazeDemBeatz', 39, '2022-01-23 01:44', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httdx40/', 'I have a long term mindset. I’ve become a very patient person as I got older. And tbh, time flies…\n\nRemember being a little kid and counting the weeks and days up until Christmas? Now, I was wake up on Christmas Day like “wow it’s already Christmas and another year is over”. That’s the best anology I can think of.', 'safmzz'], ['u/meeleen223', 11, '2022-01-23 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/htte9xe/', 'I am not worried but not having fun either, buying the dip then buying some more has been my modus operandi so far', 'safmzz'], ['u/ThoughtsObligations', 25, '2022-01-23 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httf1ua/', '2017/2018 hardened me. I saw myself lose everything. Then I saw myself gain so much more.', 'safmzz'], ['u/chuloreddit', 29, '2022-01-23 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/htthavs/', 'Not worried but cant buy', 'safmzz'], ['u/M00OSE', 12, '2022-01-23 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httidxm/', 'Discount season', 'safmzz'], ['u/JohnniePeters', 12, '2022-01-23 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/safmzz/anyone_else_not_worried_because_you_have_a_long/httiiif/', "I read thru your comments. What I like about you:\n\nA: You have a mid/long term plan and you stick to your plan. \nB: You're willing to DCA but 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.
|
36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98
|
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:**
['It\'s not just big organisations who lose millions as a result of cryptocurrency theft, hackers also target individual users to steal small amounts, new data revealed.\nAccording to Chainalysis, the blockchain data platform, scammers stole a record $14bn (£103bn) in cryptocurrency in 2021, with losses from crypto-related crime rising 79% compared with 2020.\nIn its latest report it said sophisticated attacks take careful planning and skill to pull off, but through other types of malware, hackers can take a cheaper “spray-and-pray” approach, spamming millions of potential victims and stealing smaller amounts. The malware families sampled received 5,974 transfers from victims in 2021, up from 5,449 in 2020.\nIt identified found four types of common “cryptocurrency-focused malware families”.\nThe most dangerous of these is cryptojacking, possibly the most prolific of all malware families, where hackers make unauthorised use of a victim device’s computing power to mine cryptocurrency. In 2020, Cisco’s (CSCO) cloud security division reported that cryptojacking malware affected 69% of its clients.\nHackers also love trojans – viruses that look like a legitimate program but infiltrates a victim’s computer.\nThere are also clippers, which hackers use to replace cryptocurrency addresses copied into a user’s clipboard with their own, allowing them to reroute planned transactions to their own wallets.\nA 2018 report from Palo Alto Networks estimated that 5% of all Monero (XMR-USD) in circulation was mined by cryptojackers, which would represent over $100m in revenue.\nRead more:Live crypto prices\nAnother type of malware is called info stealer, which collect credentials a user may have saved on their browser. Cryptbot, an infostealer that steals victims’ cryptocurrency wallet details, was the most prolific malware family in this group in 2021, raking in almost half a million dollars in pilfered bitcoin (BTC-USD).\nMany of these malware strains are available for purchase on the darknet, making it even easier for less sophisticated hackers to deploy them against victims.\nAfter receiving cryptocurrency from victims, malware operators send the majority of funds on to addresses at centralised exchanges.\nHowever, that majority is slim and getting slimmer. Exchanges only received 54% of funds sent from malware addresses in 2021, down from 75% in 2020. Decentralised finance (DeFi) protocols make up much of the difference at 20% in 2021.\nDeFi is a rapidly growing sector that aims to cut out middlemen, such as banks, from traditional financial transactions, like securing a loan. But many of the new protocols being launched have code vulnerabilities that hackers are able to exploit.\nMalware attacks aren’t necessarily carried out by the administrators of the malware family itself, but instead are often carried out by smaller groups renting access to the malware family – the report said this is something law enforcement needs to keep in mind.\nRead more:Binance and Coinbase: How exchange-brokerages spread crypto gospel\nStudying how cybercriminals launder stolen cryptocurrency may be investigators’ best bet for finding those involved, it said.\nUsing blockchain analysis, investigators can follow the funds, find the deposit addresses cybercriminals use to cash out, and subpoena the services hosting those addresses to identify the attackers.\nLast week Microsoft (MSFT) said it had found destructive malware on dozens of Ukrainian government and private-sector computers which as the ability to wipe computers of data and render them inoperable.\nIt said there are several reasons why the activity it found was inconsistent with cybercriminal ransomware activity observed by Microsoft.\n"Explicit payment amounts and cryptocurrency wallet addresses are rarely specified in modern criminal ransom notes," but were specified in this case, Microsoft said.\nMeanwhile, in a separate report Chainalysis said North Korea seems to be the hub of crypto crime.\nHackers in the country launched at least seven attacks on cryptocurrency platforms that extracted nearly $400m worth of digital assets last year.\nThese attacks targeted primarily investment firms and centralised exchanges, and made use of phishing lures, code exploits, malware, and advanced social engineering to siphon funds out of these organisations’ internet-connected “hot” wallets into North Korea-controlled addresses.\nOnce North Korea gained custody of the funds, they began a careful laundering process to cover up and cash out.', 'It\'s not just big organisations who lose millions as a result of cryptocurrency theft, hackers also target individual users to steal small amounts, new data revealed.\nAccording to Chainalysis, the blockchain data platform, scammers stole a record $14bn (£103bn) in cryptocurrency in 2021, with losses from crypto-related crime rising 79% compared with 2020.\nIn its latest report it said sophisticated attacks take careful planning and skill to pull off, but through other types of malware, hackers can take a cheaper “spray-and-pray” approach, spamming millions of potential victims and stealing smaller amounts. The malware families sampled received 5,974 transfers from victims in 2021, up from 5,449 in 2020.\nIt identified found four types of common “cryptocurrency-focused malware families”.\nThe most dangerous of these is cryptojacking, possibly the most prolific of all malware families, where hackers make unauthorised use of a victim device’s computing power to mine cryptocurrency. In 2020, Cisco’s (CSCO) cloud security division reported that cryptojacking malware affected 69% of its clients.\nHackers also love trojans – viruses that look like a legitimate program but infiltrates a victim’s computer.\nThere are also clippers, which hackers use to replace cryptocurrency addresses copied into a user’s clipboard with their own, allowing them to reroute planned transactions to their own wallets.\nA 2018 report from Palo Alto Networks estimated that 5% of all Monero (XMR-USD) in circulation was mined by cryptojackers, which would represent over $100m in revenue.\nRead more:Live crypto prices\nAnother type of malware is called info stealer, which collect credentials a user may have saved on their browser. Cryptbot, an infostealer that steals victims’ cryptocurrency wallet details, was the most prolific malware family in this group in 2021, raking in almost half a million dollars in pilfered bitcoin (BTC-USD).\nMany of these malware strains are available for purchase on the darknet, making it even easier for less sophisticated hackers to deploy them against victims.\nAfter receiving cryptocurrency from victims, malware operators send the majority of funds on to addresses at centralised exchanges.\nHowever, that majority is slim and getting slimmer. Exchanges only received 54% of funds sent from malware addresses in 2021, down from 75% in 2020. Decentralised finance (DeFi) protocols make up much of the difference at 20% in 2021.\nDeFi is a rapidly growing sector that aims to cut out middlemen, such as banks, from traditional financial transactions, like securing a loan. But many of the new protocols being launched have code vulnerabilities that hackers are able to exploit.\nMalware attacks aren’t necessarily carried out by the administrators of the malware family itself, but instead are often carried out by smaller groups renting access to the malware family – the report said this is something law enforcement needs to keep in mind.\nRead more:Binance and Coinbase: How exchange-brokerages spread crypto gospel\nStudying how cybercriminals launder stolen cryptocurrency may be investigators’ best bet for finding those involved, it said.\nUsing blockchain analysis, investigators can follow the funds, find the deposit addresses cybercriminals use to cash out, and subpoena the services hosting those addresses to identify the attackers.\nLast week Microsoft (MSFT) said it had found destructive malware on dozens of Ukrainian government and private-sector computers which as the ability to wipe computers of data and render them inoperable.\nIt said there are several reasons why the activity it found was inconsistent with cybercriminal ransomware activity observed by Microsoft.\n"Explicit payment amounts and cryptocurrency wallet addresses are rarely specified in modern criminal ransom notes," but were specified in this case, Microsoft said.\nMeanwhile, in a separate report Chainalysis said North Korea seems to be the hub of crypto crime.\nHackers in the country launched at least seven attacks on cryptocurrency platforms that extracted nearly $400m worth of digital assets last year.\nThese attacks targeted primarily investment firms and centralised exchanges, and made use of phishing lures, code exploits, malware, and advanced social engineering to siphon funds out of these organisations’ internet-connected “hot” wallets into North Korea-controlled addresses.\nOnce North Korea gained custody of the funds, they began a careful laundering process to cover up and cash out.', 'Inside a data center for cryptocurrency mining. Photo: Getty Images (luza studios via Getty Images) It\'s not just big organisations who lose millions as a result of cryptocurrency theft, hackers also target individual users to steal small amounts, new data revealed. According to Chainalysis, the blockchain data platform, scammers stole a record $14bn (£103bn) in cryptocurrency in 2021, with losses from crypto-related crime rising 79% compared with 2020. In its latest report it said sophisticated attacks take careful planning and skill to pull off, but through other types of malware, hackers can take a cheaper \x93spray-and-pray\x94 approach, spamming millions of potential victims and stealing smaller amounts. The malware families sampled received 5,974 transfers from victims in 2021, up from 5,449 in 2020. It identified found four types of common \x93cryptocurrency-focused malware families\x94. The most danger
**Last 60 Days of Bitcoin's Closing Prices:**
[57274.68, 53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-24
**Financial & Commodity Data:**
- Gold Closing Price: $1841.70
- Crude Oil Closing Price: $83.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $637,587,749,250
- Hash Rate: 198665988.4341792
- Transaction Count: 270712.0
- Unique Addresses: 668850.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.13
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: HONG KONG, Jan 6 (Reuters) - Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve's last meeting showed it leaning toward more aggressive policy action, which sapped investor appetite for riskier assets. The world's largest cryptocurrency was last at $42,700, down 1.7%, having lost 5.2% on Wednesday. A break below last month's trough of $42,000 would make it the weakest since September. The token hit a record high of $69,000 in November. The fall "correlated with the 'risk off' move across most traditional asset classes," said Matt Dibb, COO of Singapore-based crypto fund distributor, Stack Funds, pointing to the declines in the Nasdaq in particular. Moves in cryptocurrency markets are becoming more aligned with those in traditional markets as the number of institutions trading both crypto and other assets grows. The Nasdaq plunged more than 3% overnight in its biggest one-day percentage drop since February, after Fed minutes showed U.S. policymakers had discussed reducing the bank's balance sheet at their December meeting, when they also decided to accelerate finishing their bond buying programme. Share markets in Asia sold off on Thursday as well, while U.S. Treasury yields edged higher. Ether, the world's second-largest cryptocurrency which underpins the ethereum network, lost 5.2% on Wednesday, and touched its lowest level since October, before bouncing back slightly to $3,460. Crypto analysts were also watching to see whether anti-government protests in Kazakhstan, which were initially sparked by rising fuel prices, would affect the bitcoin network. The central Asian nation was the world's second-largest centre for bitcoin mining, Britain's Cambridge Centre for Alternative Finance said last year. The Kazakh government late last year began cracking down on some miners, fearing the energy-intensive process was using too much power. (Reporting by Alun John; Editing by Sam Holmes)...
- 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.
|
36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60
|
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 mining, power consumption, and the impact of mining on the environment have become hot topics. As regulators across the globe take greater interest in the crypto market, governments have been focusing on crypto mining.\nAt the start of the year, the Kosovo governmentbannedall crypto mining due to an ongoing energy crisis. The news of the ban coincided withnews hitting the wiresof a U.S Congress sub-committee preparing a hearing to assess the impact of crypto mining and cryptos on the environment.\nLast week, the subcommittee hearing focused on the proof-of-work protocol and the impact to the environment. While there was no clear action plan from the hearing, it was evident that lawmakers were keen to look deeper into crypto mining and power consumption.\nLast week,news also hitthe wires of the Georgian government forcing citizens to stop mining due to an ongoing energy crisis.\nNeither Kosovo nor Georgia account for a material percentage of the global Bitcoin (BTC) hashrate. As a result, there was no major market reaction to the news.\nThe U.S, however, is the world’s largest Bitcoin mining nation. According toCambridge Centre for Alternative Finance, the U.S accounted for 35.4% of the global hashrate in August 2021. A move to ban Proof-of-Work mining in the U.S would impact Bitcoin and the broader market. The impact would be more pronounced if Bitcoin miners found other governments unwelcoming.\nLast week,newsof Russia’s central bank proposing a ban on cryptos and mining was certainly bad timing. The Bank of Russia’s proposal to ban mining was reportedly due to high energy usage and increase demand for crypto infrastructure. The proposal followscallsfrom the EU to ban Proof-of-Work crypto mining.\nFollowing the surge in government interest in crypto mining around the world, Fitch Ratingstalkedof the risks that mining poses to public power utilities. Salient points from the Fitch Ratings review included:\n• Crypto mining in the U.S could become a power supply risk to public power utilities.\n• Miners are price-sensitive and can quickly scale back or shut down if mining becomes uneconomical.\n• To date, Fitch’s rated public power utilities have been able to limit their risk by protecting against nonpayment.\n• Mining operations bring in very little additional economic benefits in the forms of jobs or ancillary business to a local economy.\n• Public power utilities with excess capacity can meet the power needs of crypto miners without increasing power generation.\n• In Washington State, power utilities introduced steps to mitigate exposure to crypto miners. Steps included rate structures to limit the impact of a sudden fall in demand and concentration limits.\n• Utilities without excess capacity would need to invest in new facilities to meet mining demand.\n• Other options for utilities would include making real-time market purchases or signing power purchase agreements.\n• Fitch sees the investment in new facilities and power purchase agreements as key risks to power utilities.\n• A sudden shut down of a crypto mining operation could have a material impact on a power utility.\nWhile Fitch Ratings did not focus on the environment impact, the possible impact on public power utilities is one other consideration for U.S law makers. There had been plenty of discussion on the subject of power consumption and sources of power for crypto miners in the subcommittee hearing.\nFollowing last week’s U.S subcommittee hearing, more hearings are likely. With President Biden’sclimate goalssome government action would be likely.\nThisarticlewas originally posted on FX Empire\n• Shiba Inu Halts the Decline As ETH Whale Buys $12M Worth of SHIB\n• European Equities: Economic Data, the FED, and Russia in Focus\n• Natural Gas Edges Lower Forming Bear Flag Pattern\n• Indian Crypto Hack May be Linked to Terrorist Organization Hamas\n• Big Money All Over Fidelity National Financial\n• The Dollar Surges on Flight to Safety', 'Crypto mining, power consumption, and the impact of mining on the environment have become hot topics. As regulators across the globe take greater interest in the crypto market, governments have been focusing on crypto mining. Recent Government Moves Against Crypto Mining At the start of the year, the Kosovo government banned all crypto mining due to an ongoing energy crisis. The news of the ban coincided with news hitting the wires of a U.S Congress sub-committee preparing a hearing to assess the impact of crypto mining and cryptos on the environment. Last week, the subcommittee hearing focused on the proof-of-work protocol and the impact to the environment. While there was no clear action plan from the hearing, it was evident that lawmakers were keen to look deeper into crypto mining and power consumption. Last week, news also hit the wires of the Georgian government forcing citizens to stop mining due to an ongoing energy crisis. Neither Kosovo nor Georgia account for a material percentage of the global Bitcoin ( BTC ) hashrate. As a result, there was no major market reaction to the news. The U.S, however, is the world’s largest Bitcoin mining nation. According to Cambridge Centre for Alternative Finance , the U.S accounted for 35.4% of the global hashrate in August 2021. A move to ban Proof-of-Work mining in the U.S would impact Bitcoin and the broader market. The impact would be more pronounced if Bitcoin miners found other governments unwelcoming. Last week, news of Russia’s central bank proposing a ban on cryptos and mining was certainly bad timing. The Bank of Russia’s proposal to ban mining was reportedly due to high energy usage and increase demand for crypto infrastructure. The proposal follows calls from the EU to ban Proof-of-Work crypto mining. Fitch Ratings Raises Concerns over Crypto Mining and the U.S Power Supply Following the surge in government interest in crypto mining around the world, Fitch Ratings talked of the risks that mining poses to public power utilities. Salient points from the Fitch Ratings review included: Story continues Crypto mining in the U.S could become a power supply risk to public power utilities. Miners are price-sensitive and can quickly scale back or shut down if mining becomes uneconomical. To date, Fitch’s rated public power utilities have been able to limit their risk by protecting against nonpayment. Mining operations bring in very little additional economic benefits in the forms of jobs or ancillary business to a local economy. Public power utilities with excess capacity can meet the power needs of crypto miners without increasing power generation. In Washington State, power utilities introduced steps to mitigate exposure to crypto miners. Steps included rate structures to limit the impact of a sudden fall in demand and concentration limits. Utilities without excess capacity would need to invest in new facilities to meet mining demand. Other options for utilities would include making real-time market purchases or signing power purchase agreements. Fitch sees the investment in new facilities and power purchase agreements as key risks to power utilities. A sudden shut down of a crypto mining operation could have a material impact on a power utility. While Fitch Ratings did not focus on the environment impact, the possible impact on public power utilities is one other consideration for U.S law makers. There had been plenty of discussion on the subject of power consumption and sources of power for crypto miners in the subcommittee hearing. Following last week’s U.S subcommittee hearing, more hearings are likely. With President Biden’s climate goals some government action would be likely. This article was originally posted on FX Empire More From FXEMPIRE: Shiba Inu Halts the Decline As ETH Whale Buys $12M Worth of SHIB European Equities: Economic Data, the FED, and Russia in Focus Natural Gas Edges Lower Forming Bear Flag Pattern Indian Crypto Hack May be Linked to Terrorist Organization Hamas Big Money All Over Fidelity National Financial The Dollar Surges on Flight to Safety', 'It was a particularly choppy start to the week for Bitcoin (BTC). A Monday morning sell-off saw Bitcoin tumble to a January low $32,991 before finding support. Through the second half of the day, Bitcoin bounced back to strike a day high $37,469 before easing back.\nThere were no major news stories to support the Bitcoin rebound, with the rest of the crypto market seeing deep red. Bitcoin rose by 1.14% on Monday, to end the day at $36,703.\nIt was a bearish session for the broader crypto market, however. From the top 10 by market cap, Cardano (ADA) and Ethereum (ETH) fell by 5.24% and by 3.91% respectively, with Solana (SOL) tumbling by 7.88%. Negative sentiment towards FED monetary policy and increased regulatory scrutiny continued to weigh on the crypto market.\nFor Bitcoin, however, a NASDAQ rebound from heavy losses early in the U.S session delivered much-needed support. Dip buyers jumped in after another bout of selling to deliver the upside, with Bitcoin benefiting from a similar fate.\nWhile the global financial markets grapple with the prospects of 4 rate hikes by the FED this year, the crypto market also has regulatory activity to consider.\nTalk of banning Proof-of-Work crypto mining and increased regulatory scrutiny both remain negatives for the crypto market. Yesterday’s Bitcoin rebound will likely raise more eyebrows. Earlier this year, theIMFhad raised concerns over the interconnectedness of the crypto and U.S equity markets. Monday’s moves was further justification of the IMF’s concerns and theBank of Englandview on cryptos and financial stability.\nOn Monday, the NASDAQ 100 ended the day up by 0.49%. The NASDAQ 100 had been down by almost 3% before an afternoon session rebound. Bitcoin’s movement on the day largely mirrored that of the NASDAQ.\nA 2ndconsecutive day in the green was of little comfort for Bitcoin investors, however. Having fallen back to 11/100 on 23rdJanua
**Last 60 Days of Bitcoin's Closing Prices:**
[53569.77, 54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-25
**Financial & Commodity Data:**
- Gold Closing Price: $1852.70
- Crude Oil Closing Price: $85.60
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $677,367,193,938
- Hash Rate: 201314868.2799682
- Transaction Count: 265128.0
- Unique Addresses: 653685.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.12
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: El Salvador’s national adoption of bitcoin was easily the most transformationalcryptocurrency landmarkin a year full of them. The use of bitcoin as legal tender seems poised to attract a wave of experiments and investment, while a program to mine bitcoin usingvolcanic energycould be a significant boost for the lower-income economy.
But El Salvador’s recently-announced “Bitcoin Bond” may be the most truly disruptive and empowering part of the project. By selling bitcoin-backed bonds through blockchain infrastructure, El Salvador will bypass the Wall Street banks and international institutions that have had a century-long choke hold on loans to developing economies. There are signs that this could escalate into afull-scale public battleas global financiers angle toretain controlof the system.
Still, there are plenty of questions about the functional details of the bond, and a lot of unknowns about its real impact. To find out more, I recently spoke with Samson Mow, Chief Strategy Officer of Blockstream. Mow and Blockstream acted as advisors on the design of the bond, and the bond will be issuedusing Liquid, a bitcoin-based service created by Blockstream. But Blockstream won’t be directly involved in issuing, selling or servicing the bond, which will be handled by El Salvador’s central bank and the Bitfinex crypto exchange.
Read more:David Morris’s profile of Jack Mallersfor “Most Influential 2021″
Mow got involved with El Salvador through Strike CEO Jack Mallers, recognized recently by CoinDesk as one of themost influential people in cryptocurrencyfor helping spearhead El Salvador’s program.
“Our relationship goes back to theblocksize wars,” Mow said. “He came in on the small block side … That was a formative period in bitcoin history, when a lot of alliances were made. A lot of those alliances are still in place today.”
Mow says he first pitched the bond idea, via Mallers, ahead of the Bitcoin 2021 conference in June. But with the Salvadoran government focused on the retail rollout, real work on the bond didn’t get underway until October. Despite the project’s accelerated timeline, Mow was able to spend a good amount of time in El Salvador, and took away a positive impression of the Salvadoran government and its officials.
“The overarching feeling was one of very strong cohesion and direction,” he said. “I’ve been on trade missions before, with the government of Canada, but I’ve never felt this kind of drive from government officials … I felt, this is a once in a lifetime, a once in a thousand years chance to do something.”
That sense of shared purpose and commitment extended to Mow’s interactions with a variety of government agencies – not just finance teams, but also those focused on tourism, agriculture and energy.
“They were arranging things on the weekends, they were all scrambling to make something happen,” said Mow. “I met with the guys at [state power companies] Cel and LaGeo – those guys are on all the time. Everyone is really rallying behind [President Nayib] Bukele, and everyone believes in his ability to lead. That’s why they’re able to do things so quickly.”
Mow contrasts that focus with Canada, where he said, “We’re sitting on massive hydropower, but we’re not doing anything with it.” (Blockstream is based in Victoria, British Columbia.) Mow’s takeaway is particularly interesting in light of attempts to paint Bukele as a nascent dictator, which are hard to square with the sky-highpublic approval ratingshe’s maintained since winning power in a 2019 election that theU.S. State Departmentcalled “transparent and credible.”
Ultimately Mow said he developed three possible designs for the bond. One proposal was closer to themining-backed notesissued by Blockstream. Another proposal on the table was a more traditional bond issued in the form of a crypto token. The decision was ultimately made to go with the initial proposal, which tied bond returns strongly to bitcoin’s price performance over the next 10 years.
Amazingly, Mow said there was little discussion of whether the bonds would sell. “The target market for at least the first few bonds is people familiar with the Bitcoin space. I don’t think marketability was ever an issue, because there’s so much capital in the space. We never really thought it would be an issue to fill one bond, if not five bonds.”
As of our conversation in early December, Mow said there were already $300 million worth of “soft commitments” to the bond, which is still being refined ahead of its expected launch in 2022. “These are just Bitfinex whales, mostly,” said Mow.
That demand is great news for El Salvador, though it does highlight one of the potential risks of the project. Bitfinex is very closely aligned with tether, a dollar-denominated stablecoin that has been caughtmisrepresenting its reservesand accused of printing unbacked tokens. El Salvador will have to be vigilant to ensure it trades its assets for the real U.S. dollars or bitcoin it needs to run its economy, not questionable synthetic USD.
For regulators and authorities outside of El Salvador, the role of Bitfinex is worrying for other reasons. The exchange does not have a history of strong anti-money laundering (AML) or other financial controls, and operates with scattershotregulatory oversight. El Salvador is a sovereign nation, and has the right to sell its bonds to anyone who’s interested, in theory leaving a very large lane for money laundering or other abuses.
Ironically, Bitfinex officially doesn’t serve U.S. customers, meaning they’re among the most likely to be effectively barred from the bond sale. “It will be up to U.S. broker-dealers to see if they can source it,” said Mow.
“I think the bonds are probably the next biggest thing since Bitcoin’s invention,” Mow said of the larger stakes. “It’s a way for a huge flood of capital to flow into this bitcoin-based financial system. And the challenge has been, who will do it. Most people are followers, and nation-states are the same. They need to see someone do it, and they need to see it succeed, and then they’ll do it.”
As for the mounting hostility of the International Monetary Fund (IMF) and other legacy players, Mow sees them sweating.
“I think it’s definitely a threat. They’re feeling it. But I don’t think it matters in the long run,” he said. “These organizations do harm people, and they do make nation-states into vassal states. There’s a high degree of interference with sovereign nations who are not so sovereign. That’s going to be hard for organizations like the IMF to swallow, but I just don’t think there’s anything they can do about it.”
Blockstream is happy to help push that challenge along. Mow says that the design of the bond, like Blockstream’s software, will be open-sourced. “All of the things we’re designing for the bonds, specifications, the economics, the legal framework, people are welcome to adopt this.”
Mow predicts a dramatic domino effect as countries follow El Salvador’s lead and decouple from the U.S. dollar system.
“We’re at a stage where Bitcoin is pretty secure and pretty resilient against any attack. We saw that with China shutting down mining. The mining will move, it’ll adjust. But [the Bitcoin Bond] is another level of going up against massive institutions. Your SDR [Special Drawing Rights, foreign exchange reserves housed at the IMF] aren’t going to work anymore if fiat doesn’t work anymore.
“You either get with the program or you become obsolete. Banks like JPMorgan and everyone else, they have to bend the knee.”...
- 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.
|
36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88
|
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:**
['Earlier this month, the highly anticipated auction of Quentin Tarantino’s Pulp Fiction NFT collection got under way. The auction is running from 17 th January to 31 st January. The 7 NFTs include never-seen-before footage, otherwise known as uncut scenes, only available to the buyers. Called “TARANTINO NFTs”, the auction is held on the Secret Network ( SCRT ) blockchain. The Tarantino NFTs collection are based on Ethereum ( ETH ) blockchain. Users must, therefore, have ETH or ETC-20 compatible stablecoins to successfully purchase one, some, or all of the NFTs. Late last year, Miramax had filed a lawsuit against Tarantino for breach of contract, copyright infringement, trademark infringement, and unfair competition. The lawsuit had raised doubts over whether this month’s auction could proceed. Earlier this month, however, news hit the wires of Tarantino and Secret going ahead with the auction. First of Seven Fetches $1.1m Despite the Miramax studio lawsuit, the first of the seven Pulp Fiction NFTs up for auction sold for $1.1m this week. There were reportedly 200 confirmed bids. Secret announced on Twitter “ And the winner of the ORIGINAL ‘ROYALE WITH CHEESE’ SCREENPLAY NFT IS @AnonsNFT, who bid $1.1m! ”. Secret also announced that the 2 nd NFT auction for ‘ Pumpkin and Honey Bunny’ is now live @ tarantinonfts.com ”. At the time of writing, just 3 hours were left for Pulp Fiction fans to enter their bids for the 2 nd NFT of the set. Tweets by TarantinoNFTs The other 5 NFTs are called “Foot Massage”, “Check Out the Big Brain on Brett”, Captain Koons Monologue – The Gold Watch”, “Bring out the Gimp”, and “Last Scene: Coffee Shop – Ezekiel 25:17”. Secret Price Action Bouncing back from a 4.03% fall on Monday and a new January low $4.5445, Secret rallied by 13.87% on Tuesday, to end the day at $6.2408. Near-term, a breakout from the 50-day EMA at $6.38 levels would bring January’s high $10.0617 into play. A move back through to $10.00 levels would then give Secret a run at November’s ATH $10.9994 Story continues At the time of writing, Secret was up by 0.26% to $6.2573. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Markets Looking for Support After Twitter and Facebook, YouTube Jumps on the NFT Bandwagon El Salvador Asked to Get out of Bitcoin (BTC) by the IMF S&P 500 Continues to Worry About Powell Tarantino’s First Pulp Fiction NFT Fetches $1.1m at Auction Silver Continues to See Volatility', 'Earlier this month, the highly anticipated auction of Quentin Tarantino’s Pulp FictionNFTcollection got under way. The auction is running from 17thJanuary to 31stJanuary.\nThe 7 NFTs include never-seen-before footage, otherwise known as uncut scenes, only available to the buyers. Called “TARANTINO NFTs”, the auction is held on the Secret Network (SCRT) blockchain.\nThe Tarantino NFTs collection are based on Ethereum (ETH) blockchain. Users must, therefore, have ETH or ETC-20 compatible stablecoins to successfully purchase one, some, or all of the NFTs.\nLate last year, Miramax had filed alawsuitagainst Tarantino for breach of contract, copyright infringement, trademark infringement, and unfair competition. The lawsuit had raised doubts over whether this month’s auction could proceed.\nEarlier this month, however,newshit the wires of Tarantino and Secret going ahead with the auction.\nDespite the Miramax studio lawsuit, the first of the seven Pulp Fiction NFTs up for auction sold for $1.1m this week. There were reportedly 200 confirmed bids.\nSecret announced on Twitter “And the winner of the ORIGINAL ‘ROYALE WITH CHEESE’ SCREENPLAY NFT IS @AnonsNFT, who bid $1.1m!”.\nSecret also announced that the 2ndNFT auction for ‘Pumpkin and Honey Bunny’ is now live @ tarantinonfts.com”. At the time of writing, just 3 hours were left for Pulp Fiction fans to enter their bids for the 2ndNFT of the set.\nTweets by TarantinoNFTs\nThe other 5 NFTs are called “Foot Massage”, “Check Out the Big Brain on Brett”, Captain Koons Monologue – The Gold Watch”, “Bring out the Gimp”, and “Last Scene: Coffee Shop – Ezekiel 25:17”.\nBouncing back from a 4.03% fall on Monday and a new January low $4.5445, Secret rallied by 13.87% on Tuesday, to end the day at $6.2408.\nNear-term, a breakout from the 50-day EMA at $6.38 levels would bring January’s high $10.0617 into play. A move back through to $10.00 levels would then give Secret a run at November’s ATH $10.9994\nAt the time of writing, Secret was up by 0.26% to $6.2573.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Markets Looking for Support\n• After Twitter and Facebook, YouTube Jumps on the NFT Bandwagon\n• El Salvador Asked to Get out of Bitcoin (BTC) by the IMF\n• S&P 500 Continues to Worry About Powell\n• Tarantino’s First Pulp Fiction NFT Fetches $1.1m at Auction\n• Silver Continues to See Volatility', 'President Biden removes his mask as he speaks to reporters after a Democratic caucus luncheon at the Senate Russell Office building to discuss voting rights and filibuster reform on Thursday, January 13, 2022. Happy Tuesday and welcome to On The Money , your nightly guide to everything affecting your bills, bank account and bottom line. Subscribe here: thehill.com/newsletter-signup . Today\'s Big Deal: The Biden administration is formally ending its vaccine-or-test mandate for large employers. We\'ll also give a sneak peak of President Biden\'s meeting with CEOs to promote the Build Back Better plan and explore the stock market\'s wild ride. For The Hill, we\'re Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Reach us at [email protected] or @SylvanLane , [email protected] or @ArisFolley and [email protected] or @KarlMEvers . Let\'s get to it. Biden officials withdraw business mandate The Biden administration on Tuesday said it is withdrawing its vaccine-or-test mandate for businesses with at least 100 employees after the Supreme Court earlier this month blocked the requirement from being enforced, ruling that it was a federal overreach. Given the Supreme Court\'s decision, the Biden administration filed a motion on Tuesday to have the existing lawsuits that were filed against the employer vaccine mandate dismissed. Twenty-seven Republican-led states and a coalition of businesses had brought those legal challenges against the mandate. The Biden administration said that it would be withdrawing the mandate, effective on Wednesday, asking for the existing lawsuits against it to be considered moot. The Supreme Court sent the case back to the 6th Circuit Court of Appeals, where the legal battle will formally come to an end. A Labor Department spokesperson said in a statement that the ruling would not affect the mandate\'s status as a proposed rule, but added that the agency has not decided whether to finalize a permanent vaccine-or-test rule. The mandate was expected to apply to 84 million people, and officials said that it would protect thousands of workers from hospitalization or death. Business groups that sued to block the rule expressed concern that unvaccinated workers would leave their jobs rather than comply with the mandate, and that companies would struggle to find enough COVID-19 tests for their workers. Story continues The Hill\'s Caroline Vakil has more on the withdrawal here . Biden hosts CEOs to push Build Back Better A Ford badge is seen on a pickup truck at the Washington, D.C., Auto Show at the Walter E. Washington Convention Center on Monday, January 24, 2022. President Biden is set to meet with several corporate executives on Wednesday at the White House to discuss his Build Back Better proposal, a White House official told The Hill on Tuesday. The meeting includes CEOs who support passing Build Back Better, according to the official, and Biden is expected to discuss with them how the agenda "will make the U.S. economy more competitive, increase worker productivity and workforce participation, lower inflation over the long-term, and strengthen business growth." The meeting, which is slated to be in-person, will include General Motors CEO Mary Barra, Ford CEO Jim Farley, Microsoft President Brad Smith and Salesforce CEO Marc Benioff. Farley, CEO of Ford, said in a statement that he is looking forward to meeting with Biden about the plan for the U.S. to lead the global transition to zero-emissions transportation. General Motors, whose CEO will also be in the meeting, unveiled a nearly $7 billion investment in EV manufacturing sites in Michigan on Tuesday, a move Biden hailed as a sign of a "manufacturing comeback." Other CEOs included in the meeting on Wednesday are Thasunda Brown Duckett of TIAA, Barbara Humpton of Siemens Corporation, Tom Linebarger of Cummins, Enrique Lores of HP, Josh Silverman of Etsy and Wendell Weeks of Corning. The Hill\'s Alex Gangitano has more here . DOW TO THE WIRE Stocks close with losses despite another Dow rebound The stock market closed with losses Tuesday after a second straight session of wild swings. The Dow Jones Industrial Average closed with a loss of 0.2 percent, falling 66 points after sinking by roughly 800 points earlier Tuesday. The Nasdaq composite closed with a much steeper loss of 2.3 percent while the S&P 500 index fell 1.2 percent on the day. Wall Street has been roiled by volatility this week after taking steady losses earlier in the month. All three major indexes closed with slight gains Monday after the Dow came back from a 1,000-point loss and both the Nasdaq and S&P erased declines of roughly 4 percent. JJ Kinahan, chief market strategist at TD Ameritrade, said the Dow likely avoided steeper losses Tuesday thanks to many companies in the index reporting strong earnings. He added that widespread market volatility was likely driven by declining consumer confidence. Sylvan has more here . IMF issues warning on bitcoin The International Monetary Fund\'s (IMF) executive board warned El Salvador against moving to make bitcoin a legal tender and called for "strict regulation and over
**Last 60 Days of Bitcoin's Closing Prices:**
[54815.08, 57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-26
**Financial & Commodity Data:**
- Gold Closing Price: $1829.90
- Crude Oil Closing Price: $87.35
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $701,771,812,880
- Hash Rate: 172177189.9762886
- Transaction Count: 261070.0
- Unique Addresses: 648504.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto – Jack Dorsey, the Former Twitter boss, announced a fund to support BTC developers. Support includes paying legal bills, developing trial strategies, and finding and retaining a lawyer. This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto...
- 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.
|
37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16
|
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:**
['VANCOUVER, British Columbia, Jan. 26, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces that it has been advised by its external auditors (the “Auditors”) that they will require additional time to complete its internal review and audit procedures for the Company’s financial year ended September 30, 2021. As a result, the Company will not be able to file its audited annual financial statements for the year ended September 30, 2021 and related management’s discussion and analysis (collectively, the “2021 Annual Financial Statements”), and the CEO and CFO certifications to be delivered in respect of the 2021 Annual Financial Statements (the “Certifications”) by the filing deadline of January 28, 2022 as required under applicable Canadian securities laws. The Company also announces that it will be making an application to the British Columbia Securities Commission (“BCSC”), the Company’s principal securities regulator in Canada, under National Policy 12-203 of the Canadian Securities Administrators (“NP 12-203”) requesting that a management cease trade order (“MCTO”) be granted in respect of the late filing of the 2021 Annual Financial Statements and related Certifications. There is no guarantee that a MCTO will be granted. However, if a MCTO is granted, the Company will work with the Auditors and dedicate appropriate resources to promptly finalize the 2021 Annual Financial Statements and the related Certifications, so the 2021 Annual Financial Statements and related Certificates can be filed on or before the expiry of the MCTO. Further, if a MCTO is granted, the Company’s senior officers and other insiders will not be able to trade the Company’s securities while the MCTO is in effect, and the Company will be required to comply with the provisions of the alternative information guidelines as set out in NP 12-203 for so long as the MCTO remains in effect, including the issuance of bi-weekly default status reports by way of press releases. The Company is not currently subject to any insolvency proceedings. If the Company provides any material information to any of its creditors during the period in which the MCTO is in effect, the Company will also be required to file a material change report under its profile on SEDAR (www.sedar.com) containing such information. Story continues If a MCTO is granted but the Company is unable to file the 2021 Annual Financial Statements and related Certifications prior to the expiry of the MCTO, it is anticipated that the BCSC will issue a general “failure to file” cease trade order prohibiting the trading by any person of any securities of the Company, including trades in the Company’s common shares made through the TSX Venture Exchange, which would take effect shortly after the expiry of the MCTO and would remain in place until such time as the 2021 Annual Financial Statements and related Certifications have been filed. The Company will make further announcements with respect to the status of the 2021 Annual Financial Statements and related Certifications as and when appropriate. About DMG Blockchain Solutions Inc. DMG is an environmentally friendly, vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into three main divisions: data center operations, data analytics and forensics, and developing enterprise blockchains. DMG’s non-polluting data center operations focus on earning eco-friendly revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients entirely powered by renewable energy. DMG’s data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager, and Walletscore, as well as working with auditors, law firms, and law enforcement organizations. DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG’s strategy is to become the domain experts across the business verticals it focuses on. DMG’s environmentally committed management team includes seasoned crypto experts, forensic & financial professionals, and blockchain developers with deep relationships throughout the industry and a strong ecological consciousness. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hash rate may materially affect the future performance of DMG’s production of Bitcoin, and future operating results could also be materially affected by the price of Bitcoin and an increase in hash rate mining difficulty. For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com Follow @dmgblockchain on Twitter and subscribe to DMG\'s YouTube channel . On behalf of the Board of Directors, Sheldon Bennett, CEO and Director For further information, please contact: DMG Blockchain Solutions Inc. Email: [email protected] Web: www.dmgblockchain.com Investor Relations Contact: CORE IR 516-222-2560 For Media Inquiries: Jules Abraham, Head of Public Relations CORE IR 917-885-7378 [email protected] Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding that the Auditors will not be able to complete its internal review and audit procedures for the Company’s financial year ended September 30, 2021 prior to the filing deadline of January 28, 2022, the Company will not be able to file the 2021 Annual Financial Statements and related Certifications prior to the filing deadline of January 28, 2022, the Company’s application for a MCTO with the BCSC, and the BCSC will suspend trading in the Company’s common shares if the Company does not file the 2021 Annual Financial Statements and related Certifications on or before the expiry of the MCTO. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, the decision of the BCSC to grant a MCTO, the ability of the Auditors to complete its internal review and audit procedures for the Company’s financial year ended September 30, 2021 in a timely manner, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company\'s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG\'s bitcoins; DMG\'s relationships with its customers, distributors and business partners; the inability to add more power to DMG\'s facilities; DMG\'s ability to successfully define, design and release new products in a timely manner that meet customers\' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG\'s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.SEDAR.com including the annual information form for the year ended September 30, 2020, filed on January 28, 2021. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capita
**Last 60 Days of Bitcoin's Closing Prices:**
[57248.46, 57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-27
**Financial & Commodity Data:**
- Gold Closing Price: $1793.30
- Crude Oil Closing Price: $86.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $698,351,674,312
- Hash Rate: 173501629.89918315
- Transaction Count: 255925.0
- Unique Addresses: 648622.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.20
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto –
This week’s price movements for Bitcoin (BTC), gold, and our stock pick Facebook, now known as Meta Platforms.
This storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto...
- 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.
|
37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43
|
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:**
["After opting to race sports cars over single seater in 2016, Britain's Phil Hanson, still only 22, is now a veteran of five Le Mans 24 Hours and a multiple championship-winning driver.\nThe Berkshire-born driver is the youngest ever to win a World Endurance Championship title and the youngest Briton to win the Le Mans Prototype 2 (LMP2) race. He became the first driver to win the championship, European Le Mans Series and the Le Mans 24 Hours in the same year. He has re-signed for Yorkshire-based United Autosports, co-owned by former British driver Richard Dean and McLaren F1 boss Zak Brown.\nRichard Dean is the only person I have met in my life who is able to stand up for 24 hours straight.\nThere is so much going on and so many hours put into motorsport that it's difficult to watch all the live timing, results and sessions. Yet, it’s amazing how little gets missed by Richard, especially in a 24-hour race.\nRead more:My first boss: Anne Boden, CEO and founder of Starling Bank\nAt United, he may have both LMP2s cars in one ear and both LMP3s in another, with all the engineers and drivers’ feedback. At one point, you could have four people talking over each other. That’s how much information Richard is absorbing with a radio headset on.\nHe is very hands on and is at every test session and race event. If you make a mistake and come on the radio and say ‘I had a huge lock up on that lap’, you will bump into Richard, who will say ‘I heard it was good, apart from that lock up.’\nIt sounds like an exaggeration but he really will stand straight in one place for that length of time. It’s like seeing an artifact in a museum! There are so many emotions flowing around your body, especially at Le Mans, that it’s impossible to sit down or look away from the screen, less something went wrong.\nRichard is usually the first person you see getting out of the car as he is always in the garage watching. As the frontman of United Autosports, it sort of puts pressure on you knowing that he is that committed and he is looking at you. In turn, you have to be as invested, if not more.\nIt’s also comforting to know that there is a huge amount of work going in from the very top of the food chain. It sets a culture for everyone to work incredibly hard. When things go wrong or a car crashes, the team will rebuild it overnight. People won’t leave until well into the night, even if a mechanic is not involved in that car.\nIf your boss was someone who sat back and was lethargic, you wouldn’t be as motivated. Richard is different. Everyone knows his presence; he’s focused, intense and committed but it never feels like you should be looking as if you are doing something important.\nHe’s an observer and can spot anything that happens from the corner of his eyes. He’s seeing the driver changes, getting feedback and if there is a strategy call he will give the engineer space and time. He will have his say if it will impact the team.\nRichard and I have a good relationship. United is one of the biggest teams in Europe in terms of sports car racing. They are now a powerhouse in the UK and I have been lucky to be part of the accolades. Both our interests are aligned where we want the chance to get the recognition our success deserves - a manufacturer to come along and set up a programme with United.\nRead more:My first boss: Reggae Reggae Sauce entrepreneur Levi Roots\nMy main character quality is that I am analytical about my performances, win or lose. I use every weekend as a learning opportunity. Even though I have won many things and done five Le Mans, I feel like I am still a sponge and able to pick great brains at United. I would be silly not to learn.\nThe team is Wakefield based and very much British. There is no shortage of Yorkshire Tea bags around the paddock and we never go without a Sunday roast at every race.\nIt feels like I have been around for their successes over the last four years and being part of the family.\nTo be back on board this year, we want to continue to replicate the success. I just love a competitive environment where everyone is committed to winning - and that’s what Richard brings.\nPhil Hansonwill race for United Autosports in the 2022 FIA World Endurance Championship\nWatch: What is the value of Bitcoin?", "Phil Hanson is still relatively unknown to the wider British public – despite his impressive racing CV After opting to race sports cars over single seater in 2016, Britain's Phil Hanson, still only 22, is now a veteran of five Le Mans 24 Hours and a multiple championship-winning driver. The Berkshire-born driver is the youngest ever to win a World Endurance Championship title and the youngest Briton to win the Le Mans Prototype 2 (LMP2) race. He became the first driver to win the championship, European Le Mans Series and the Le Mans 24 Hours in the same year. He has re-signed for Yorkshire-based United Autosports, co-owned by former British driver Richard Dean and McLaren F1 boss Zak Brown. Richard Dean is the only person I have met in my life who is able to stand up for 24 hours straight. There is so much going on and so many hours put into motorsport that it's difficult to watch all the live timing, results and sessions. Yet, it’s amazing how little gets missed by Richard, especially in a 24-hour race. Read more: My first boss: Anne Boden, CEO and founder of Starling Bank At United, he may have both LMP2s cars in one ear and both LMP3s in another, with all the engineers and drivers’ feedback. At one point, you could have four people talking over each other. That’s how much information Richard is absorbing with a radio headset on. He is very hands on and is at every test session and race event. If you make a mistake and come on the radio and say ‘I had a huge lock up on that lap’, you will bump into Richard, who will say ‘I heard it was good, apart from that lock up.’ Britain's Phil Hanson is already a championship-winning star at 22. Photo: Phil Hanson It sounds like an exaggeration but he really will stand straight in one place for that length of time. It’s like seeing an artifact in a museum! There are so many emotions flowing around your body, especially at Le Mans, that it’s impossible to sit down or look away from the screen, less something went wrong. Richard is usually the first person you see getting out of the car as he is always in the garage watching. As the frontman of United Autosports, it sort of puts pressure on you knowing that he is that committed and he is looking at you. In turn, you have to be as invested, if not more. Story continues It’s also comforting to know that there is a huge amount of work going in from the very top of the food chain. It sets a culture for everyone to work incredibly hard. When things go wrong or a car crashes, the team will rebuild it overnight. People won’t leave until well into the night, even if a mechanic is not involved in that car. The Yorkshire-based team is co-owned by former British driver Richard Dean. Photo: United Autosports (David Lord) If your boss was someone who sat back and was lethargic, you wouldn’t be as motivated. Richard is different. Everyone knows his presence; he’s focused, intense and committed but it never feels like you should be looking as if you are doing something important. He’s an observer and can spot anything that happens from the corner of his eyes. He’s seeing the driver changes, getting feedback and if there is a strategy call he will give the engineer space and time. He will have his say if it will impact the team. Richard and I have a good relationship. United is one of the biggest teams in Europe in terms of sports car racing. They are now a powerhouse in the UK and I have been lucky to be part of the accolades. Both our interests are aligned where we want the chance to get the recognition our success deserves - a manufacturer to come along and set up a programme with United. Read more: My first boss: Reggae Reggae Sauce entrepreneur Levi Roots My main character quality is that I am analytical about my performances, win or lose. I use every weekend as a learning opportunity. Even though I have won many things and done five Le Mans, I feel like I am still a sponge and able to pick great brains at United. I would be silly not to learn. Phil Hanson is the youngest ever to win a World Endurance Championship title The team is Wakefield based and very much British. There is no shortage of Yorkshire Tea bags around the paddock and we never go without a Sunday roast at every race. It feels like I have been around for their successes over the last four years and being part of the family. To be back on board this year, we want to continue to replicate the success. I just love a competitive environment where everyone is committed to winning - and that’s what Richard brings. Phil Hanson will race for United Autosports in the 2022 FIA World Endurance Championship Watch: What is the value of Bitcoin?", 'U.S. Sen. Elizabeth Warren (D-Mass.) expanded her inquiry of bitcoin miners’ energy usage and their environmental footprint, sending letters to six more miners on Thursday.\n• Warrenwroteto Riot Blockchain, Marathon Digital Holdings, Stronghold Digital Mining, Bitdeer Group, Bitfury Group and Bit Digital, questioning their “extraordinarily high energy usage.”\n• In December, Warren, who has made environmental issues a focus of her office,sent a letter to the bitcoin miner Greenidge Generation, expressing her concerns about its high energy usage.\n• In the new letter, Warren and her colleagues asked each miner to detail its electricity consumption, scaling plans, agreements with electricity companies and impact on energy costs for consumers and small businesses by Feb. 10.\n• “The extraordinarily high energy usage and carbon emissions associated with Bitcoin mining could undermine our hard work to tackle the climate crisis – not to mention the harmful impacts crypto mining has on local environments and electricity prices,” Warren said
**Last 60 Days of Bitcoin's Closing Prices:**
[57806.57, 57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-28
**Financial & Commodity Data:**
- Gold Closing Price: $1784.90
- Crude Oil Closing Price: $86.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $708,589,353,881
- Hash Rate: 203963748.12575728
- Transaction Count: 264609.0
- Unique Addresses: 680599.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Leading global derivatives marketplace CME Group has added Micro Ether Futures to its growing array of cryptocurrency products. Micro Ether Futures (MET) are sized at 1/10 of one Ether ($4,060) approximately $400 and provides traders with an efficient, cost-effective way to manage exposure to one of the largest cryptocurrencies by market capitalisation and to further optimise trading strategies. The launch of MET marks the exchanges second micro cryptocurrency product this year after the addition of Micro Bitcoin Futures (MBT) to CMEs portfolio in May. CME also offers Bitcoin and Ether futures products to customers seeking cryptocurrency exposure . Deemed as the worlds leading and most diverse derivatives marketplace, CME Group offers clients futures, options, cash and OTC markets and data analysis on a vast array of contracts and assets. The launch of Micro Ether futures underscores the significant growth and liquidity we have seen in our cryptocurrency futures and options, said Tim McCourt , Global Head of Alternative Investment Products at CME Group. Sized at one-tenth of one Ether, Micro Ether futures will provide an efficient, cost-effective way for a range of market participants from institutions to sophisticated, active, individual traders to hedge their spot Ether price risk, all while retaining the features and benefits of CME Groups larger-sized Ether futures. Traders should, however, be aware of the implications of institutional adoption and capital in cryptocurrencies. As pointed out by Coin Rivets Oliver Knight during the May launch of MBT, the introduction of CME products can lead to major pullbacks in the market as evidenced in December 2017 when the launch of Bitcoin Futures contracts marked the top of Bitcoin s hype-fuelled bull market....
- 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.
|
38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29
|
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:**
['The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow Greenidge Generation to continue to use its power plant in the town of Dresden for bitcoin mining, Bloomberg reported. The decision is now expected to come by March 31, two months later than originally planned, the report said. The delay will help NYSDEC complete its review with public comments, Bloomberg said, citing a spokesperson. The miner applied last year to renew its permits for the plant, the first time it has come up for renewal since the plant has been powering bitcoin mining operations. On Jan. 16, Greenidge said that due to high electricity demand resulting from recent cold weather, the company temporarily curtailed its cryptocurrency mining operations in Dresden on Jan. 15 to supply all its electrical generation capacity to the New York Independent System Operator. On Dec. 2, U.S. Sen. Elizabeth Warren (D-Mass.) questioned the environmental footprint of Greenidge Generation\x92s (GREE) bitcoin mining operation in New York in a detailed letter . The senator later targeted six more crypto miners , questioning their energy usage. Read more: Warren Targets 6 More Crypto Miners for Their Energy Use View comments', 'The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow Greenidge Generation to continue to use its power plant in the town of Dresden for bitcoin mining, Bloomberg reported.\n• The decision is now expected to come by March 31, two months later than originally planned, the report said.\n• The delay will help NYSDEC complete its review with public comments, Bloomberg said, citing a spokesperson.\n• The minerappliedlast year to renew its permits for the plant, the first time it has come up for renewal since the plant has been powering bitcoin mining operations.\n• On Jan. 16, Greenidge said that due to high electricity demand resulting from recent cold weather, the companytemporarily curtailedits cryptocurrency mining operations in Dresden on Jan. 15 to supply all its electrical generation capacity to the New York Independent System Operator.\n• On Dec. 2, U.S. Sen. Elizabeth Warren (D-Mass.)questionedthe environmental footprint of Greenidge Generation’s (GREE) bitcoin mining operation in New York in a detailedletter. The senator latertargeted six more crypto miners, questioning their energy usage.\nRead more:Warren Targets 6 More Crypto Miners for Their Energy Use', 'The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow Greenidge Generation to continue to use its power plant in the town of Dresden for bitcoin mining, Bloomberg reported.\n• The decision is now expected to come by March 31, two months later than originally planned, the report said.\n• The delay will help NYSDEC complete its review with public comments, Bloomberg said, citing a spokesperson.\n• The minerappliedlast year to renew its permits for the plant, the first time it has come up for renewal since the plant has been powering bitcoin mining operations.\n• On Jan. 16, Greenidge said that due to high electricity demand resulting from recent cold weather, the companytemporarily curtailedits cryptocurrency mining operations in Dresden on Jan. 15 to supply all its electrical generation capacity to the New York Independent System Operator.\n• On Dec. 2, U.S. Sen. Elizabeth Warren (D-Mass.)questionedthe environmental footprint of Greenidge Generation’s (GREE) bitcoin mining operation in New York in a detailedletter. The senator latertargeted six more crypto miners, questioning their energy usage.\nRead more:Warren Targets 6 More Crypto Miners for Their Energy Use', 'NEW YORK (AP) — The International Monetary Fund said Friday that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury. The recommendation was part of the international lender’s report on El Salvador’s economy and went beyond its statement earlier this week urging El Salvador to drop Bitcoin as legal tender. The trust fund was intended to allow the automatic conversion of Bitcoin to U.S. dollars — El Salvador’s other currency — to encourage people wary of adopting the highly-volatile digital currency. The IMF also recommended eliminating the offer of $30 as an incentive for people to start using the digital wallet “Chivo” and increasing regulation of the digital wallet to protect consumers. It suggested there could be benefits to the use of Chivo, but only using dollars, not Bitcoin. “In the near-term the actual costs of implementing Chivo and operationalizing the Bitcoin law exceed potential benefits,” the report said. Salvadoran President Nayib Bukele’s office did not immediately respond to a request for comment, but in recent days Bukele has been dismissive of the IMF’s recommendation’s concerning Bitcoin. The IMF expressed concern over El Salvador’s growing exposure to Bitcoin’s volatility and urged greater transparency. Government officials told the IMF that the launch of “Chivo” had significantly increased financial inclusion, drawing millions of people who previously lacked bank accounts into the financial system. They also spoke of the parallel tourism promotion targeting Bitcoin enthusiasts. The government did not see a need to scale back the scope of its Bitcoin law, but agreed regulation could be strengthened, according to the report. Bukele led the push to adopt Bitcoin as legal tender alongside the U.S. dollar. El Salvador’s Legislative Assembly made the country the first to do so in June and the Bitcoin law went into effect in September. “What we emphasize in the report is that having a digital wallet, that allows people to make digital means of payment and keep their savings there, especially in US dollars, can bring benefits to the economy as well as to growth but again, I’m emphasizing US dollar because Bitcoin have has bitcoin price is volatile,” Alina Carare, head of the IMF’s mission in El Salvador, said in a call with reporters Friday. After nearly doubling in value late last year, Bitcoin has plunged. El Salvador and the IMF have been negotiating $1.3 billion in lending for months. Carare did not say if the possible loan would be held back if El Salvador continued using Bitcoin as legal tender. Story continues When asked, Carare said, “we continue to have a strong engagement with the government of El Salvador.” __ AP writer Marcos Alemán in San Salvador, El Salvador contributed to this report. View comments', 'NEW YORK (AP) — The International Monetary Fund said Friday that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury. The recommendation was part of the international lender’s report on El Salvador’s economy and went beyond its statement earlier this week urging El Salvador to drop Bitcoin as legal tender. The trust fund was intended to allow the automatic conversion of Bitcoin to U.S. dollars — El Salvador’s other currency — to encourage people wary of adopting the highly-volatile digital currency. The IMF also recommended eliminating the offer of $30 as an incentive for people to start using the digital wallet “Chivo” and increasing regulation of the digital wallet to protect consumers. It suggested there could be benefits to the use of Chivo, but only using dollars, not Bitcoin. “In the near-term the actual costs of implementing Chivo and operationalizing the Bitcoin law exceed potential benefits,” the report said. Salvadoran President Nayib Bukele’s office did not immediately respond to a request for comment, but in recent days Bukele has been dismissive of the IMF’s recommendation’s concerning Bitcoin. The IMF expressed concern over El Salvador’s growing exposure to Bitcoin’s volatility and urged greater transparency. Government officials told the IMF that the launch of “Chivo” had significantly increased financial inclusion, drawing millions of people who previously lacked bank accounts into the financial system. They also spoke of the parallel tourism promotion targeting Bitcoin enthusiasts. The government did not see a need to scale back the scope of its Bitcoin law, but agreed regulation could be strengthened, according to the report. Bukele led the push to adopt Bitcoin as legal tender alongside the U.S. dollar. El Salvador’s Legislative Assembly made the country the first to do so in June and the Bitcoin law went into effect in September. “What we emphasize in the report is that having a digital wallet, that allows people to make digital means of payment and keep their savings there, especially in US dollars, can bring benefits to the economy as well as to growth but again, I’m emphasizing US dollar because Bitcoin have has bitcoin price is volatile,” Alina Carare, head of the IMF’s mission in El Salvador, said in a call with reporters Friday. After nearly doubling in value late last year, Bitcoin has plunged. El Salvador and the IMF have been negotiating $1.3 billion in lending for months. Carare did not say if the possible loan would be held back if El Salvador continued using Bitcoin as legal tender. Story continues When asked, Carare said, “we continue to have a strong engagement with the government of El Salvador.” __ AP writer Marcos Alemán in San Salvador, El Salvador contributed to this report. View comments', 'NEW YORK (AP) — The International Monetary Fund said Friday that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury. The recommendation was part of the international lender’s report on El Salvador’s economy and went beyond its statement earlier this week urging El Salvador to drop Bitcoin as legal tender. The trust fund was i
**Last 60 Days of Bitcoin's Closing Prices:**
[57005.43, 57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-29
**Financial & Commodity Data:**
- Gold Closing Price: $1784.90
- Crude Oil Closing Price: $86.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $710,597,552,850
- Hash Rate: 197341548.51128465
- Transaction Count: 231038.0
- Unique Addresses: 595231.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.24
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Bloomberg) -- Customers of a Hong Kong-based cryptocurrency exchange say they cant withdraw money or tokens from the bourse, and at least seven have reported the matter to police. Most Read from Bloomberg Cannabis Compounds Prevented Covid Infection in Laboratory Study Frequent Boosters Spur Warning on Immune Response Say Goodbye to Self-Isolating, WFH Mandates, Mass Testing Europe Slowly Starts to Consider Treating Covid Like the Flu J&J Vaccine Gets Additional Warning on Bleeding Side Effect Dozens of clients have been unable to make withdrawals from Coinsuper since late November, based on a review of messages on the firms official Telegram chat. Five customers told Bloomberg News that theyd filed police reports after withdrawals were apparently frozen, leaving them unable to retrieve about a combined $55,000 of tokens and cash. The uproar around Coinsuper, backed by Pantera Capital, may fuel calls for broader regulatory oversight in Hong Kong. The head of the citys securities watchdog in November 2020 said it would propose a licensing regime for all crypto-trading platforms, an approach rival financial hub Singapore is also pursuing. Coinsuper executives didnt respond to calls and messages seeking comment. In response to a Bloomberg inquiry about the Coinsuper complaints, a Hong Kong police spokesperson said by email that its investigating one case where a person who bought cryptocurrency via an investment company was unable to withdraw her funds since December. In Coinsupers Telegram chat, the administrator stopped responding to queries about failed withdrawals in late November, then resurfaced in the past week to ask affected users to provide their email addresses. Some clients said in interviews that there was no follow-up after doing so, and the administrator didnt respond to messages from Bloomberg. Volume Slump Terry Chan, who works in the citys financial industry, started using the platform in November 2020 because it was quite large in Hong Kong at the time. He tried to withdraw $4,000 from the exchange in early December after noticing that trading there was becoming less liquid. On Jan. 5, he filed a group complaint to Hong Kong police together with two other affected Coinsuper clients. Story continues Coinsupers trading app remains operative, and the exchange handled around $18.5 million of volume on Friday -- down from a daily peak of $1.3 billion in late 2019, according to crypto data firm Nomics. Binance, the biggest crypto exchange, handled about $51 billion of transactions over the same time period, Nomics data show. Hong Kong uses a so-called opt-in regulatory regime for crypto exchanges, meaning they can apply to be regulated. But stringent regulations means its not very attractive for platforms to pursue that route, said Joshua Chu, a consultant at ONC Lawyers in Hong Kong. The city will likely move away from the opt-in model sometime this year, according to Chu. He added that its not uncommon for crypto exchanges to face problems including long withdrawal times, highlighting that regulation might be needed for issues that are technical in nature. Employees Resign According to Chinese media reports, Coinsuper was founded in 2017 by Chinese tycoon Zhang Zhenxin, who died in 2019. Karen Chen, who joined Coinsuper as CEO in early 2018 after working as a senior executive at UBS Group AG, said in an interview that she left the company in July 2019 for personal reasons. Chen said she remains a minority investor in the company as a result of shares she was granted while she worked there, but has no involvement in its operations. A filing with the companies registry shows she stopped being a director at Coinsuper in March 2020. Chen was listed as Coinsupers biggest individual shareholder in the latest annual report filed with the companies registry in October. She last posted about Coinsuper on Twitter in November 2019. The company completed its latest funding round in early 2019, according to a press release that didnt disclose the amount raised. A partner at one of Coinsupers venture capital backers, who asked that he and his firm not be identified, said it has written off its entire roughly $1 million investment. Around six to eight months ago, the firm lost contact with Coinsupers management and Chen stopped responding on WeChat, the person said. Several employees left the company between July and December, according to data from Hong Kongs Companies Registry. Pantera Capital, run by veteran Bitcoin investor Dan Morehead, didnt return emails seeking comment. The firm invested in Coinsuper in its June 2018 Series A funding round. Panteras website still lists the crypto exchange among its investments. In September last year, Coinsuper made its last major announcement, saying on Twitter that it was adding the Solana token and the Tether stablecoin on the exchange. Its social media accounts havent been active since Dec. 1. (Updates to show Chens holding is a result of shares granted by company) Most Read from Bloomberg Businessweek Central Banks, Not Covid, Will Drive Global Economies in 2022 How Democrats Could Hold On to the House and Defy the Pundits Americas Electric Vehicle Selection Is About to Get a Lot Wider China Faces Mounting Economic Damage From Its Covid-Zero Policy Theres Still No Amazon for Housing, But Fintechs Working on It ©2022 Bloomberg L.P....
- Reddit Posts (Sample): [['u/oliverpls599', 'Popular Streamer SIVHD loses YouTube Channel to Bitcoin Scamming Company', 894, '2022-01-29 01:02', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/', "A sad day as yet another YouTube content creator loses their page (rip crinacle, Jim Browning, etc)\n\n[Link to channel](https://youtube.com/user/WQLFY)\n\nAs you can see it has been completely rebranded, yet all the playlists still have his videos (they have been unlisted).\n\nNot sure what the best course of action is to help Siv. You can't even report a user for this, YouTube simply doesn't allow it as an option.", 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/', 'sf4ne7', [['u/dddas1', 37, '2022-01-29 01:07', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunlc1p/', 'What happened?', 'sf4ne7'], ['u/jerebare', 585, '2022-01-29 01:07', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunlcqf/', "account is now suspended\n\nI'm guessing it's going to get recovered soon", 'sf4ne7'], ['u/oliverpls599', 102, '2022-01-29 01:10', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunlncx/', 'It\'s unclear if he sold the account (highly unlikely, but possible) or if he was somehow hacked/hijacked. All his videos were unlisted, all the banner/account info was changed to a Crypto "company" that was running a Livestream. The account has now been suspended, hopefully to allow Siv to regain access and restore his account.', 'sf4ne7'], ['u/-Ophidian-', 56, '2022-01-29 01:22', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunncu4/', "Not really. I don't know what the fuck a bitcoin scamming company is.", 'sf4ne7'], ['u/WARUMJETZTMANN', 188, '2022-01-29 01:23', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunnifk/', "I never watched Siv, but it's sad that old League content gets deleted in a snip, sadge", 'sf4ne7'], ['u/girl__fetishist', 27, '2022-01-29 01:42', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunq1ry/', 'Basically, they infused the blockchain with massive amounts of bitcoin and injected the source code into the youtube password authentication process to hard-rewire the input mechanisms and get a hold of the channel.', 'sf4ne7'], ['u/-Ophidian-', 110, '2022-01-29 02:17', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunuqvn/', 'Ah yes, of course. How silly of me to overlook the most basic of all possibilities.', 'sf4ne7'], ['u/rollexperiment', 78, '2022-01-29 02:29', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunw7n0/', '“basically”', 'sf4ne7'], ['u/Terrible_Crow_417', 25, '2022-01-29 02:45', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hunydm8/', 'A similar situation happened with the YouTuber/streamer Arumba (plays mostly grand strategy paradox games). The whole YouTube channel got taken over and weird scam videos were being uploaded as well as all previous videos being removed. He was able to resolve the issue within a week or so.', 'sf4ne7'], ['u/TabaCh1', 21, '2022-01-29 03:02', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huo0l8w/', 'I recognize some of these words', 'sf4ne7'], ['u/dahyunxsana', 321, '2022-01-29 03:06', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huo15hf/', 'his pornhub channel is still up so its whatever', 'sf4ne7'], ['u/whataremyxomycetes', 14, '2022-01-29 03:24', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huo3eq1/', 'Reminds me of my prodigy physics professor teaching fundamentals of physics in the most convoluted way possible. Dude can make drinking water sound complicated.', 'sf4ne7'], ['u/drewwil000', 67, '2022-01-29 03:31', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huo4bfm/', 'This happened before to bunnyfufu. He got his channel back.', 'sf4ne7'], ['u/APKID716', 188, '2022-01-29 04:59', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huoflfi/', 'I was legitimately shocked to find out he has an porn channel dedicated to bdsm anal play', 'sf4ne7'], ['u/Voller_Faulheit', 132, '2022-01-29 05:43', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huokp03/', 'I hope so. YouTube does have a history of fucking smaller content creators really hard.', 'sf4ne7'], ['u/APKID716', 26, '2022-01-29 06:01', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huomqj4/', 'Rent free', 'sf4ne7'], ['u/lileeper', 71, '2022-01-29 06:50', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huorryg/', 'What??? Is this real lmao', 'sf4ne7'], ['u/Gluroo', 250, '2022-01-29 07:28', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huovfib/', "its a meme based on a very old clip where the guy said something like if he wasnt making league content he'd become a pornstar in thailand or some shit like that so people decided to run with it", 'sf4ne7'], ['u/Gluroo', 55, '2022-01-29 08:16', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huozj67/', 'i dont think it originated on this sub, think its from youtube', 'sf4ne7'], ['u/oliverpls599', 20, '2022-01-29 08:29', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hup0mwq/', "Bitcoin Scamming Company doesn't imply Bitcoin is a scam, it implies the company is scamming through advertising/targetting Bitcoin traders. I don't think anyone is under the impression a cryptocurrency can be used to hack a YouTube channel.", 'sf4ne7'], ['u/oliverpls599', 27, '2022-01-29 08:36', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hup169j/', "No one said he was random. I'm not here to list his CV, this is a LoL subreddit and his major contribution has been his near decade of YouTube content creation.", 'sf4ne7'], ['u/DragoCrafterr', 10, '2022-01-29 09:34', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hup5ttu/', 'It is', 'sf4ne7'], ['u/Frostbite2806', 46, '2022-01-29 10:00', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hup7stt/', '[It’s actually from his own comment on this sub](https://reddit.com/r/leagueoflegends/comments/533hyk/_/d7py2qo/?context=1)', 'sf4ne7'], ['u/Leyrann_is_taken', 250, '2022-01-29 10:05', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hup85vr/', '"smaller content creators"?\n\nI\'ll admit I don\'t know about nowadays, but back in season 2 times SivHD had *two million* subscribers. At the time, I think he rivaled Riot\'s official accounts and was probably the biggest LoL channel in terms of subscribers.', 'sf4ne7'], ['u/Voller_Faulheit', 95, '2022-01-29 10:06', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hup89fz/', 'Yeah times have changed', 'sf4ne7'], ['u/King_NickyZee', 37, '2022-01-29 10:22', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hup9gol/', 'Please don\'t describe yourself as a "bitcoiner", it\'s unbearably cringe.', 'sf4ne7'], ['u/njelegenda', 27, '2022-01-29 11:01', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hupce5b/', 'You somehow managed to outcringe yourself. Very impressive.', 'sf4ne7'], ['u/TheGawringSame', 37, '2022-01-29 11:32', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hupeqiz/', "Small isn't the best word, but 2 million today doesn't even get you in the top 1000 on Youtube. So you're not exactly big.\n\nToo many 1 mil something channels for youtube. So youtube probably not gonna dedicate too many resources for handling issues with such channels unless you get lucky.", 'sf4ne7'], ['u/bannedagainomg', 55, '2022-01-29 11:43', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hupfjzh/', 'There is also so many channels with 1mill+ subs yet they barely hit 20k views.\n\nNo bad at all but, had youtube done a purge of inactive subs then you would really see a free fall on some channels.', 'sf4ne7'], ['u/njelegenda', 15, '2022-01-29 11:50', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hupg258/', "I'm guessing if I google what that means I'm gonna have to repeat my first comment.", 'sf4ne7'], ['u/Threecoloredbeard', 73, '2022-01-29 12:10', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/huphm1m/', 'Inspector Ashe on the case!', 'sf4ne7'], ['u/Chuckeythebear', 26, '2022-01-29 12:16', 'https://www.reddit.com/r/leagueoflegends/comments/sf4ne7/popular_streamer_sivhd_loses_youtube_channel_to/hupi2kc/', "oh wtf i didn't realize this is what happened to crin, i thought he just lost access due to suspicious activity, really hoping crin gets his old channel back, ...
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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37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45
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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:**
['Mortgage rates were mixed in the final week of January. In the week ending 27 th January, 30-year fixed rates slipped by 1 basis point to 3.55%. 30-year fixed rates had risen by 11 basis points in the week prior. As a result, 30-year fixed rates held above the 3% mark for an 11 th consecutive week. Compared to this time last year, 30-year fixed rates were up by 82 basis points. 30-year fixed rates were still down by 139 basis points, however, since November 2018\x92s last peak of 4.94%. Economic Data from the Week Early in the week, economic data took a back seat, in spite of weak private sector PMI and consumer sentiment figures. On Wednesday, the FOMC rate statement and press conference was the main event. A more hawkish than anticipated FED Chair, who failed to downplay monthly rate hikes, spooked the markets. Freddie Mac Rates The weekly average rates for new mortgages as of 27 th January were quoted by Freddie Mac to be : 30-year fixed rates fell by 1 basis point to 3.55% in the week.\xa0This time last year, rates had stood at 2.73%. The average fee remained unchanged at 0.7 points. 15-year fixed rose by 1 basis point to 2.80% in the week. Rates were up by 60 basis points from 2.20% a year ago. The average fee held steady at 0.6 points. 5-year fixed rates increased by 10 basis points to 2.70%. Rates were down by 10 basis points from 2.80% a year ago. The average fee fell from 0.3 points to 0.2 points. According to Freddie Mac, Recent rate increases have yet to significantly impact purchase demand. In the past, potential homebuyers who are on the fence tend to enter the market at the start of a rate increase cycle. Rates are likely to continue to rise but at a more gradual pace. As a result, current homebuyers could continue to benefit from refinancing. Mortgage Bankers\x92 Association Rates For the week ending 21 st January, the rates were : Average interest rates for 30-year fixed with conforming loan balances rose from 3.64% to 3.72%. Points decreased from 0.45 to 0.43 (incl. origination fee) for 80% LTV loans. Average 30-year fixed mortgage rates backed by FHA increased from 3.64% to 3.69%. Points increased from 0.44 to 0.61 (incl. origination fee) for 80% LTV loans. Average 30-year rates for jumbo loan balances increased from 3.54% to 3.56%. Points fell from 0.47 to 0.38 (incl. origination fee) for 80% LTV loans. Story continues Weekly figures released by the Mortgage Bankers Association showed that the Market Composite Index, which is a measure of mortgage loan application volume, slid by 7.1% in the week ending 21 st January. The Index had increased by 2.3% in the week prior. The Refinance Index slid by 13% and was 53% lower than the same week one year earlier. In the previous week, the Index had fallen by 3%. The refinance share of mortgage activity decreased from 60.3% to 55.8%. In the previous week, the share had declined from 64.1% to 60.3%. According to the MBA, 30-year fixed rates increased for a 5 th consecutive week to its highest level since March 2020. Borrower demand for refinances has fallen as a result, with applications down for a 4 th week in a row. The average purchase loan size hit a new record high $433,500. For the week ahead It\x92s a busy start to the week for the U.S markets. ISM Manufacturing PMI and JOLT\x92s job openings will be in focus on Tuesday. On Wednesday, ADP nonfarm employment change figure will be the key stat of the week, however. On the monetary policy front, expect any FOMC member chatter to also influence. Away from the economic calendar, chatter from the U.S and Russia will also be an area of focus. This article was originally posted on FX Empire More From FXEMPIRE: OpenSea Back in the News with $1.8m ETH Refund Gold Prices Drop on Soft Consumer Spending Report Tarantino NFT Auction Hits Pause Due to Market Volatility Bitcoin (BTC) Inches Its Way to $40,000 Silver Prices Tumble Despite Surging Inflation E-Mini NASDAQ Building Support Base inside Retracement Zone', 'Mortgage rates were mixed in the final week of January.\nIn the week ending 27thJanuary, 30-year fixed rates slipped by 1 basis point to 3.55%. 30-year fixed rates had risen by 11 basis points in the week prior. As a result, 30-year fixed rates held above the 3% mark for an 11thconsecutive week.\nCompared to this time last year, 30-year fixed rates were up by 82 basis points.\n30-year fixed rates were still down by 139 basis points, however, since November 2018’s last peak of 4.94%.\nEarly in the week, economic data took a back seat, in spite of weak private sector PMI and consumer sentiment figures.\nOn Wednesday, the FOMC rate statement and press conference was the main event. A more hawkish than anticipated FED Chair, who failed to downplay monthly rate hikes, spooked the markets.\nThe weekly average rates for new mortgages as of 27thJanuary were quoted byFreddie Macto be:\n• 30-year fixed rates fell by 1 basis point to 3.55% in the week.\xa0This time last year, rates had stood at 2.73%. The average fee remained unchanged at 0.7 points.\n• 15-year fixed rose by 1 basis point to 2.80% in the week. Rates were up by 60 basis points from 2.20% a year ago. The average fee held steady at 0.6 points.\n• 5-year fixed rates increased by 10 basis points to 2.70%. Rates were down by 10 basis points from 2.80% a year ago. The average fee fell from 0.3 points to 0.2 points.\nAccording to Freddie Mac,\n• Recent rate increases have yet to significantly impact purchase demand.\n• In the past, potential homebuyers who are on the fence tend to enter the market at the start of a rate increase cycle.\n• Rates are likely to continue to rise but at a more gradual pace.\n• As a result, current homebuyers could continue to benefit from refinancing.\nFor the week ending 21stJanuary, therateswere:\n• Average interest rates for 30-year fixed with conforming loan balances rose from 3.64% to 3.72%. Points decreased from 0.45 to 0.43 (incl. origination fee) for 80% LTV loans.\n• Average 30-year fixed mortgage rates backed by FHA increased from 3.64% to 3.69%. Points increased from 0.44 to 0.61 (incl. origination fee) for 80% LTV loans.\n• Average 30-year rates for jumbo loan balances increased from 3.54% to 3.56%. Points fell from 0.47 to 0.38 (incl. origination fee) for 80% LTV loans.\nWeekly figures released by the Mortgage Bankers Association showed that the Market Composite Index, which is a measure of mortgage loan application volume, slid by 7.1% in the week ending 21stJanuary. The Index had increased by 2.3% in the week prior.\nThe Refinance Index slid by 13% and was 53% lower than the same week one year earlier. In the previous week, the Index had fallen by 3%.\nThe refinance share of mortgage activity decreased from 60.3% to 55.8%. In the previous week, the share had declined from 64.1% to 60.3%.\nAccording to the MBA,\n• 30-year fixed rates increased for a 5thconsecutive week to its highest level since March 2020.\n• Borrower demand for refinances has fallen as a result, with applications down for a 4thweek in a row.\n• The average purchase loan size hit a new record high $433,500.\nIt’s a busy start to the week for the U.S markets. ISM Manufacturing PMI and JOLT’s job openings will be in focus on Tuesday. On Wednesday, ADP nonfarm employment change figure will be the key stat of the week, however.\nOn the monetary policy front, expect any FOMC member chatter to also influence. Away from the economic calendar, chatter from the U.S and Russia will also be an area of focus.\nThisarticlewas originally posted on FX Empire\n• OpenSea Back in the News with $1.8m ETH Refund\n• Gold Prices Drop on Soft Consumer Spending Report\n• Tarantino NFT Auction Hits Pause Due to Market Volatility\n• Bitcoin (BTC) Inches Its Way to $40,000\n• Silver Prices Tumble Despite Surging Inflation\n• E-Mini NASDAQ Building Support Base inside Retracement Zone', 'It was a 3 rd consecutive day in the green for Bitcoin ( BTC ) on Saturday. Following a NASDAQ fueled 1.54% rise on Friday, Bitcoin gained 1.11% to end the Saturday at $38,180. For the Bitcoin bulls, Bitcoin has risen 6-days out of 7, as the recovery from last Monday\x92s visit to sub-$33,000 continues. It was a relatively rangebound day, however, with resistance at $39,000 pegging Bitcoin back from a run at $40,000 on the day. Solana (SOL) Finds Support Amidst Fresh Outage News Elsewhere, Ethereum ( ETH ) continued to find strong support, rising by 2.23% as it makes its way back to $3,000. Solana ( SOL ) led the way, however, rallying by 5.29%. Touted to be the next big thing in crypto, outages have weighed on Solana amidst the latest crypto market correction. Market volatility was attributed to the latest downtime, which is a bad combination for crypto traders. Outages at times of market stress leave traders exposed, which can lead to significant losses. Last week we had looked at Solana and market reaction to a 3 rd distributed denial-of-service (DDoS) attack in less than 6-months. A reported 48-hour outage had left users with forced liquidations and heavy losses. Year-to-date, Solana was down 43.4% to Saturday\x92s $96.16 close. As Solana and the broader market continue to recover from the January floor, another outage would likely bring January\x92s low $80.79 and sub-$80 into play. Solana last sat at sub-$80 back in August, on its run to a November ATH $259.95. The Bitcoin Fear & Greed Index A 3 rd consecutive day in the green for Bitcoin delivered further upside for the Bitcoin Fear & Greed Index . Continuing its recovery from a 23 rd January 11/100, the Index increased from 24/100 to 29/100 on Saturday. Hitting its highest level since 3 rd January, the latest upward trend could present a buying opportunity. A move out of the red zone to 30/100 will be a key move. The index currently does sits in the red, however, reflecting the market\x92s bearish sentiment. A move back through to 30/100 and into the orange would reflect a shift in sentiment and a buying opportunity. On 28 t
**Last 60 Days of Bitcoin's Closing Prices:**
[57229.83, 56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2022-01-30
**Financial & Commodity Data:**
- Gold Closing Price: $1784.90
- Crude Oil Closing Price: $86.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $718,374,475,975
- Hash Rate: 193368228.74260104
- Transaction Count: 207173.0
- Unique Addresses: 553241.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.29
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: We are one of the new Cryptocurrency Mining Equipment producer sellers on market. New York, Ny , Jan. 24, 2022 (GLOBE NEWSWIRE) -- This year, Asic Machines is set to revolutionize the cryptocurrency mining market forever. In its official announcement, the company CEO, said, “Asic Machines is in its expansion mode. Right now, we are focusing on our three flagship ASIC miners AM PRO, AM1, and AM2 but our company has lots of new products in the anvil. We want to assure our customers that using our products and machines, they can get around 100% ROI (Return on Investment) within just 30–40 days of the purchase of the machine.” The most interesting aspect about these machines is their easy-to-use designs and operations. Anyone can easily operate these machines without any previous technical knowledge. With the rise in the growth of the cryptocurrency craze worldwide, they are considering investing in Asic machines to increase their profitability even more. Asic machines are fully conversant with the latest crypto mining methods and modes. These Asic machines provide high hash rates and enhance the earning prospects of investors. An Asic machine doesn’t consume much power or electricity, which reduces its cost of operation. You can use Asic machines to mine Ethereum, Bitcoin, Litecoin and other cryptocurrencies. All Asic products come with a two-year international warranty to protect you from any hardware or software problems. Asic Machines provide outstanding cryptocoin mining support and technical knowhow with unrivaled customer support services. In current times, you may not find a lot of quality coin miners with such outstanding customer support services and quality hardware equipment. Thus, Asic Machines can be your best device and gadget for cryptocoin mining exercise. It offers the best mining hardware support, 24x7 after-sale services and secure checkout process to make sure that you get the best product at the best prices at an unrivaled customer support services. Story continues A soon-to-be crypto miner or even professional miner can make a lot of money by buying an Asic machine and installing them for cryptocoin mining. Asic Machines is a big company with its offices and branch offices located across the world. It is second to none. Wherever and whenever a customer wants to buy Asic Machines for cryptocoin mining, they can directly do so from the company website. It only believes in offering 100% satisfaction to all customers. Data safety is uncompromisable to the company. All customers’ data are safely stored in its secured server with full protection and advanced layers of security. Moreover, when customers buy an Asic machine from the site, it is processed through a 128-bit highly secured encryption system to offer customers full privacy and online safety. These days, crypto mining can help one earn a lot of money by investing just a few hours per day. But they need to use the right kind of software and hardware along with the device to ensure all crypto coins are mined properly and under a highly-secured environment. Anyone with limited resources can start their mining business. It’s a high-risk investment, but if you do it right using the appropriate devices and machines, your ROI can be high too. But the cryptocurrency market is highly volatile. Its demand may go up or down. It’s always better to consider both pros and cons of cryptocoin mining before making any investment. For more information, please get in touch with an Asic representative on their official website— AsicMachines.net As an Asic customer, you will also become eligible for some latest offers as per the company norms and policies. Media contacts: Company Name: Asic Machines Email: [email protected] Phone: +1 347 305 6162 City: NY Country: USA Website: https://asicmachines.net/ There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation....
- 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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38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80
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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:**
['"Alpharetta, GA, USA - September 29, 2012 - Amazon.com\'s Kindle fire with Netflix\'s streamable movie page loaded on the tablet." (mphillips007 via Getty Images) The global film industry is about to face a wave of disruption from cryptocurrency start-ups that harness the power of blockchain. The tremors of change were felt when the Netflix ( NFLX ) share price plummeted by over 20% after a sharp downturn in its subscriber uptake. Veteran production companies such as Disney+ ( DIS ) and Warner Media’s HBO Max are making significant inroads and retaking lost ground in an ongoing streaming war with Web 2.0 disruptors such as Amazon Prime Video ( AMZN ), Apple TV ( AAPL ) and Netflix. However, the battleground for industry market share may have already shifted to a new front — the "wild-west" of cryptocurrencies and decentralised film, or DeFilm. The advent of non-fungible tokens (NFTs), blockchain solutions and cryptocurrency transactions threaten to dismantle the traditional structures of the art world, global finance and the music industry. Now the winds of change have turned towards the bastions of the film industry and many analysts forecast that blockchain will shape the future of how films are produced, distributed and exhibited. PRODUCTION Crypto start-ups, such as Moviecoin.com , have ambitions to disrupt Hollywood by offering the chance for anyone to invest in film production and take a share of the profits via the blockchain. The start-up was created as a response to the concentration of film industry power into fewer and fewer hands. Moviecoin’s long term goal is to break the power of the monopolies through decentralising and democratising the world of movie finance. Read more: Can you live in London for 24hrs using only bitcoin? The big tech monopolies that emerged at the beginning of the Web 2.0 internet development stage have moved from streaming content to content production, with the advent of Amazon Prime Video and Netflix originals. This narrows the variety of films that get produced and emphasises the pursuit of profit at the expense of quality and creativity, according to Moviecoin. Story continues Moviecoin said it offers the opportunity for anyone to be a film financier and invest as little as they like through smart contracts deployed on the blockchain. These transactions using the Moviecoin cryptocurrency (MOVIE) will remain transparent on the Ethereum ( ETH-USD ) blockchain, a public ledger where transactions are automatically executed without the need for human intermediaries. A share of a film’s profit that is financed in this revolutionary new way can also be accessed by purchasing presale NFTs associated with the films. The Moviecoin.com platform already boasts productions starring Russell Crowe, Ray Winstone and Mel Gibson. Netflix\'s share price plummeted by over 20% after a sharp downturn in its subscriber uptake. Chart: Yahoo Finance UK (Yahoo Finance UK) Moviecoin\'s team leaders James Mackie and James Hickey told Yahoo Finance the new mode of film financing “will be a wake-up call for those few with the power to control the narrative of movies via production funding”. Upcoming biographical movie Prizefighter starring Russell Crowe and Ray Winstone is one of the films being part-financed through the Moviecoin cryptocurrency and NFT pre-sales on the start-up\'s platform. Moviecoin.com currently have the rights to make NFTs of the props from the film. Writer and lead actor Matt Hookings told Yahoo Finance UK that it is “getting harder and harder for indie filmmakers to get a film made and seen”. Read more: Bitcoin: 2021 in 12 charts He said that a decentralised film-making process “allows a new system that disrupts the status quo and gives more people a chance to make films that need to be seen by audiences". "We need to flush out the middlemen who don\'t add value to the industry, but are still taking their piece of the profit.” In the current film industry, “the middle ground does not exist”, Hookings said — with either big-budget monoculture productions with the same A-list talent or low budget indie features that no one ever sees because sales agents are so risk-averse. Mark O’Connor, director of the award-winning Irish crime drama Cardboard Gangsters is also using the Moviecoin platform for crypto production financing. O’Connor told Yahoo Finance UK that “crypto-communities have a power that is unprecedented, and if you get that passion supporting a film project, especially when they are incentivised because they have invested with the Moviecoin cryptocurrency, a lot of finance can be raised, and a ready-made audience is there for the film”. Watch: What is bitcoin? DISTRIBUTION Getting an independent film seen by audiences is difficult, especially when big streaming sites are now mostly focused on original programming. The process involves persuading a sales agent to sell a film’s licensing rights to distributors. These distributors then decide where and when the film gets exhibited in cinemas and on DVDs and television. These days, the most lucrative deals are with the streaming giants, such as Netflix, Amazon Prime Video, Apple TV and Disney+. The trade is often relationship-based and both agents and buyers are risk-averse and it is extremely difficult to get them to select a film that isn’t led by an A-list star. Brian Rose, founder of London Real YouTube Channel told Yahoo Finance UK about the struggle of indie filmmakers attempting to attract the attention of streaming giants. He said he pitched the feature-length documentaries he has produced, which include interviews with Jordan Petersen, David Goggins and Dennis McKenna, to Netflix gatekeepers "but unless it was produced by them or consistent with their branded material, they were not interested”. He described the difficulties of negotiation with “third party agents, and if Netflix does pay you, you get paid over 36 months, but you are never shown any metrics of how many views your film has received, the Netflix audience metrics have never been transparent to the public.” Netflix does not reveal how much they pay to host films on their platform, they also do not reveal the percentage producers receive from the films that they stream. However, in a Web 3.0 blockchain-based distribution system data that was once private will be available to film financiers, so they can get an accurate picture of which films are doing well, and those that are unprofitable. Read more: Bitcoin: Top 10 \'buy the dip\' investors This is important as the film industry is notorious for its creative accounting that can make a movie appear unprofitable, meaning that sometimes creatives involved in a film’s production allegedly do not receive their agreed profit share. Hickey said that the transparency of the blockchain will allow audiences to also be investors and see “where investment goes and how the chain of distribution actually works which will lead them to comparisons with major streaming sites and ask why the writer of the film makes very little money”. He said that in the current streaming model “those that make movies get a terrible deal, it\'s borderline robbery of their hard work and years of experience, once the finished product is presented.” Yahoo Finance UK asked Netflix for their stance on the rise of blockchain distribution and cryptocurrency financing, but the company said they “don\'t have a comment to make about this story”. In a decentralised film industry, digital rights management and royalties could be transparently tracked through the deployment of smart contracts. The smart contract takes the agreement terms of an actual paper contract and allows revenue streams to flow automatically from external sources such as audiences who purchase or rent a film to the intellectual property owners, such as the producers and screenwriters. Moviecoin’s Mackie and Hickey said: “Smart contracts built into NFTs and MOVIE coin will ensure the rights are forever cemented on-chain, the record will always be there, the contract will ensure the owners of the IP receive the correct amounts.” Netflix\'s share price plummeted by over 20% after a sharp downturn in its subscriber uptake. Photo: Dado Ruvic/Reuters (Dado Ruvic / reuters) Another problem with video sharing and distribution platforms is de-platforming and content removal. When content is centralised on servers controlled by privately owned corporations, they have the power over which content is removed and which is promoted. Because they are private corporations, there is no independent ombudsman to referee de-platforming disputes. YouTube and Facebook ( FB ) are considered “private spaces” under US law, meaning freedom of speech within these spaces is not guaranteed by the state. A new precedent was set in US law in February 2020 that officially recognised YouTube as not being a "public forum", and so it did not need to ensure users\' rights to free speech. Media academics Sonia Livingstone and Peter Lunt said that protecting citizens from harmful and offensive material through regulation and moderation comes at the expense of creativity, freedom of expression and the rights of consumers to view whatever they want, whenever they want. Rose said he thought his production company "would be de-platformed because of a controversial documentary led to a YouTube prohibited content warning and even a Dropbox ban". For this reason, London Real "is thinking of a blockchain-based peer to peer distribution service". Hickey said that Moviecoin\'s goal is to also “build our own decentralised distribution platform”. Read more: Cybercriminals laundered $8.6bn worth of crypto in 2021 Thriller film Zero Contact starring Anthony Hopkins was reportedly the first feature film to be released via Vuele, a non-fungible token film distribution platform, in 2021. The digital artwork associated with Zero Contract is already listed on Opensea in the lucrative NFT resale market. Some 18 NFTs associated with
**Last 60 Days of Bitcoin's Closing Prices:**
[56477.82, 53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-01-31
**Financial & Commodity Data:**
- Gold Closing Price: $1795.00
- Crude Oil Closing Price: $88.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $704,990,516,588
- Hash Rate: 189394908.97391748
- Transaction Count: 263410.0
- Unique Addresses: 671364.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.20
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: On March 3, 2020, just before lunchtime in Washington, D.C., Stephen Ryan sent someone at the U.S. Treasury department a thank-you note with a curious detail.
The chief operating officer and co-founder of cryptocurrency sleuthing firm CipherTrace, Ryan was one of 16 executives who attended an industry summit the day before with then-Treasury Secretary Steven Mnuchin. Along with his gratitude for the meeting, Ryan attached a slide deck that laid out CipherTrace’s strategy for demystifing crypto wallets. Among those methods: “honey pots.”
This article is part of CoinDesk’sPrivacy Weekseries.
Ryan’s note was part of a 250-page trove ofMnuchin's emailsobtained by CoinDesk through a Freedom of Information Act (FOIA) request. Portions of his slide deck closely resemble CipherTrace’s public promotional materials. Those, too, have referenced “honeypots,” or the similar “crypto money pots,” since at least 2018.
What didCipherTracemean by these terms? Thecybersecuritycommunity uses the phrase “honey pot” to describe a decoy target that collects intelligence on unsuspecting attackers. In other words, a trap.
CipherTrace, which payments giant Mastercard purchased last autumn for an undisclosed price, is part of a cottage industry that monitors the $14 billion-a-year crossroads of cryptocurrency and crime. Sifting through millions of daily transactions recorded on blockchains, or public ledgers, firms such asChainalysis,TRM LabsandEllipticsearch for red flags and illicit movements, labeling suspect addresses as they go.
The companies cast their services as essential to normalizing crypto and stamping out crime. Detractors lambast these tracing firms as on-chain narcs, even though they are primarily working with public information.
CipherTrace wouldn’t be the first company in this niche to set snares in hopes of capturing information that can’t be found on-chain. Chainalysis, the leading crypto tracing vendor, has for years owned a wallet explorer site that captures visitors’ IP addresses and links them to the blockchain addresses they looked up. The companyacknowledgedthis practice only in October, a month after CoinDesk published anarticledrawing attention to it.
More than half a dozen cryptocurrency industry veterans told CoinDesk they had no idea what CipherTrace meant by “honeypots.” In a statement provided to CoinDesk, the Los Gatos, Calif.-based company gave the basic computer security definition without explaining what it meant in the context of blockchain analysis.
“A ‘crypto money pot’ or ‘honeypot’ is a security term referring to a mechanism that creates a virtual trap to lure would-be-attackers,” CipherTrace said, adding that the documents mentioning these tactics are old. “CipherTrace does not use ‘crypto money pots” anymore," it said (although the company’s website touted bothmoneyandhoney potsas of Thursday).
CoinDesk asked CipherTrace: “Does your firm collect IP address data for the purposes of linking them to wallet addresses?”
A CipherTrace representative responded: “As a privacy-focused company, CipherTrace does not map IP data to private individuals.”
She did not answer CoinDesk’s question of whether CipherTrace maps IPs to wallets. CoinDesk asked a second time if CipherTrace maps IP addresses to wallet addresses. CipherTrace did not respond.
Such caginess “is a frequent issue in the privacy space, when we talk about network identifiers like IP addresses.,” saidSean O’Brien, a cybersecurity researcher. “Companies try to distance themselves from what you would traditionally call personally identifiable information by saying IP addresses are something else. In fact, they're incredibly useful for identifying households, businesses and individuals.”
For example, “if you need to investigate a Bitcoin transaction related to a suspected cybercrime, IP addresses are exactly the kind of information you’d be looking for,” O’Brien said. “The earliest cases involving law enforcement and the internet hinge on IP addresses as evidence, for good reason. And, they’re just as useful to harass and stalk people as they are to prosecute them.”
Tracing companies have long been a major if under-recognized force in crypto’s institutional march. Fighting back against the perception that bitcoin is primarily a criminal finance tool, they parse the data to pinpoint the meager share that actually is.
Chainalysis recentlyestimatedthat 0.15% of crypto transactions in 2021 were illicit – by far the smallest percentage on record. (“Illicit” wallets amassed a record-high $14 billion last year, a seemingly paradoxical stat that Chainalysis attributed to crypto’s booming growth.)
CipherTrace says its mission is to “grow the cryptocurrency economy by making it trusted by governments, safe for mass adoption and protecting financial institutions from crypto laundering risks.”
Taken from the presentation shared with the Treasury Department, that description would likely be shared by every competing firm. It gets at the heart of detractors' concerns. Privacy maximalists believe Bitcoin’s radically transparent but pseudonymous nature ought to flow independent of the state, and they see these companies’ work as a betrayal of that ideal.
“It's kind of an invasion of privacy of users, the same way that you might complain about centralized web analytics companies that are collecting IP addresses and putting cookies on people's computers and tracking them from site to site,” saidJohn Light, a longtime crypto educator, writer, podcaster and event organizer.
On-chain analytics is, at its core, an attribution race.
In cybersecurity circles,attributionmeans identifying the perpetrators of a hack. In the crypto context, it refers specifically to blockchain sleuths’ practice of linking pseudonymous wallet addresses to identifiable actors. These actors could be licensed crypto exchanges or custodians, ransomware attackers, darknet marketplaces or sanctioned individuals or entities.
For example: Anyone with an internet connection can see that, say, wallet abc123 transferred 0.5 BTC to zxy987; this information is rather useless on its own. But a tracer database might document that the U.S. Office of Foreign Assets Control has identified zxy987 as belonging to a sanctioned African warlord. Or it could show that abc123’s bitcoin was stolen from an exchange.
That’s valuable information for exchanges that want to cut out illicit activity, for users who want to keep their coins clean, for governments who want to follow the money. It comes together through rigorous attribution.
With potentiallymillions of dollarsin investigatory contracts up for grabs, these companies have an acute need to mine novel attribution data. CipherTrace, for example, has scored 20 contracts with federal agencies, worth up to $3.5 million, since 2018, the most recent being an expert witness job, according to public records.
In an industry that rewards builders of nuanced, detailed, attribution datasets – and a field where criminals are hungry for intelligence to help them escape notice – guarding the attribution secret sauce is paramount, two longtime practitioners said.
Nevertheless, in his email to the Treasury Department, Ryan offered a taste “of how cryptocurrency attribution is achieved.” Honeypots were listed as one of the “active” strategies in the slide deck.
CipherTrace’s biggest competitor began operating its own novel technique three years before.
Founded in 2014 and valued in June at$4.2 billion, Chainalysis is the tracing industry’s big kahuna. It has racked up tens of millions of dollars in federal contracts selling software that visualizes on-chain activity. While anyone with an internet connection can self-sift through public blockchain records, you’d need a little help to make sense of what you find down the rabbit hole.
But the tracer’s true business ace is its attribution dataset, three industry insiders said. No other company has amassed a trove of wallet data as detailed as Chainalysis’, the sources said.
That’s partly because no other tracer has as massive a business footprint. Chainalysis provides tracing software to 500 “virtual asset service providers,” or VASP, as regulators call them. It's a mutually beneficial relationship. The businesses get powerful crypto compliance tools, and Chainalysis adds their wallet addresses to its global database. It does not, however, ask clients for data on their customers.
“We can’t speak for all other vendors. It’s possible other vendors may ask for more information. But Chainalysis is concerned only with service-level transaction data,” the companyexplainedin a 2019 blog post. In other words, it identifies only businesses that it knows control wallets, not people.
But that wasn’t the whole story, and Chainalysis’ customers, and public information about wallets, were not the firm’s only sources of intel.
In an undated slideshow for Italian police that was leaked in September, a Chainalysis sales team described how the company’s vast network of Bitcoin and Electrum wallet nodes capture valuable user data such as IP addresses from connecting wallets. This helped investigators follow meaningful criminal leads, the presentation said.
The slideshow also shed new light onwalletexplorer.com, a popular Bitcoin block explorer run by Chainalysis since 2015. According to the documents, which CoinDesk verified were authentic, the website “scrapes” suspicious users’ IP addresses, linking their internet footprint with their wallet address. This dataset has provided “meaningful leads” for law enforcement.
”It was never a secret that Chainalysis owned and operatedwalletexplorer.com. Since 2015 there has been a statement at the bottom of the homepage that the author of the site works at Chainalysis as an analyst and programmer,” a company spokesperson told CoinDesk.
An open secret, perhaps, but hardly an open book. Chainalysis seldom brought attention to the fact thatwalletexplorer.comwas funneling user data to its other business lines.
Weeks ...
- 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.
|
38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11
|
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:**
['It was a bullish end to a particularly bearish month for Bitcoin (BTC) and the broader crypto market. Bitcoin rose by 1.55% to end the day at $38,495. It had been a bearish start, however, with Bitcoin sliding back to sub-$37,000 levels before finding support.\nGoing into the U.S morning session, the NASDAQ 100 shifted market appetite for riskier assets. Bitcoin rallied from a day low $36,674 to strike a late intraday high $38,785 before easing back.\nFollowing a 3-day winning streak, Bitcoin and the broader market had been under pressure on Sunday and early Monday. Negative sentiment towards FED monetary policy and regulatory scrutiny continued to weigh. From the U.S, however, oversold conditions drew in dip buyers across the U.S equity markets and the crypto market.\nOnce more,IMFconcerns over the interconnectedness between cryptos and the U.S equity markets were justified.\nWhile it was a bullish end to the month, January 2022 proved to be Bitcoin’s worse start to the year since the January 2018 meltdown. Bitcoin ended January 2022 down by 16.7%. In January 2018, Bitcoin had fallen by 25.4%. The monthly declines were certainly not the worst, however, with 2021 a particularly choppy year. A 35.3% slump in May 2021 was the largest monthly sell-off since a 36.6% tumble in November 2018. Coincidentally, Bitcoin had fallen by 32.9% in March 2018. If similar chart patterns are to be seen, the more hawkish Bitcoin price predictions could prove accurate. Much, however, will depend on regulatory oversight and of course, the FED.\nMonday’s recovery led to a rise in theBitcoin Fear & Greed Indexto 26/100. The Index recovered from a Monday pullback to 20/100 after having revisited a January high 29/100 on Sunday.\nHolding well above a 23rdJanuary 11/100, a move out of the red zone to 30/100 will be a key move. Currently sitting in the red-zone, the index had last been out of the red zone on 28thDecember. The Index had stood at 41/00, which was on the cusp of the neutral yellow zone.\nIn the coming days, regulatory chatter will remain a key driver for Bitcoin and the broader market. Following the NASDAQ 100 rally on Monday, we can also expect Bitcoin to take its cues from the U.S equity markets.\nA Bitcoin move back through to $40,000, however, could ease some of the interconnectedness seen between the two markets.\nAt the time of writing, Bitcoin was up by 0.10% to $38,535. Avoiding the day’s $37,975 pivot would support a run at the first major resistance level at $39,290.\nAn extended crypto rally, however, would bring $40,000 levels into play for the first time since 21stJanuary. The second major resistance level sits at $40,084. From $40,000, the next target would be $45,000 levels that would bring January’s high $47,979 into play.\nA fall through the day’s pivot would bring the first major support level at $37,181 into play. Barring an extended sell-off on the day, Bitcoin should continue to avoid sub-$36,500. The second major support level sits at $35,866.\nLooking at the moving averages, the signal remains bearish. The 50-day MA has pulled back from the 100-day and 200-day MAs, with the 100-day MA narrowing on the 200-day MA. Bitcoin also continues to sit below the 50-day MA. A move through the 50-day MA would bring January’s high into play.\nThisarticlewas originally posted on FX Empire\n• Big Money Selling Dynatrace\n• Bitcoin (BTC) Mining Back in the News with New CO2 Emission Numbers\n• Gold Prices Stabilize Following Last Weeks Drop\n• CBDC’s Could Damage the Economy, says Ex-Bank of Japan Official\n• NFT Market Dynamics Unveil Worrying Signals for the Crypto Sphere\n• Strong Euro Rally Puts 1.1303 – 1.1345 on Radar', 'It was a bullish end to a particularly bearish month for Bitcoin (BTC) and the broader crypto market. Bitcoin rose by 1.55% to end the day at $38,495. It had been a bearish start, however, with Bitcoin sliding back to sub-$37,000 levels before finding support.\nGoing into the U.S morning session, the NASDAQ 100 shifted market appetite for riskier assets. Bitcoin rallied from a day low $36,674 to strike a late intraday high $38,785 before easing back.\nFollowing a 3-day winning streak, Bitcoin and the broader market had been under pressure on Sunday and early Monday. Negative sentiment towards FED monetary policy and regulatory scrutiny continued to weigh. From the U.S, however, oversold conditions drew in dip buyers across the U.S equity markets and the crypto market.\nOnce more,IMFconcerns over the interconnectedness between cryptos and the U.S equity markets were justified.\nWhile it was a bullish end to the month, January 2022 proved to be Bitcoin’s worse start to the year since the January 2018 meltdown. Bitcoin ended January 2022 down by 16.7%. In January 2018, Bitcoin had fallen by 25.4%. The monthly declines were certainly not the worst, however, with 2021 a particularly choppy year. A 35.3% slump in May 2021 was the largest monthly sell-off since a 36.6% tumble in November 2018. Coincidentally, Bitcoin had fallen by 32.9% in March 2018. If similar chart patterns are to be seen, the more hawkish Bitcoin price predictions could prove accurate. Much, however, will depend on regulatory oversight and of course, the FED.\nMonday’s recovery led to a rise in theBitcoin Fear & Greed Indexto 26/100. The Index recovered from a Monday pullback to 20/100 after having revisited a January high 29/100 on Sunday.\nHolding well above a 23rdJanuary 11/100, a move out of the red zone to 30/100 will be a key move. Currently sitting in the red-zone, the index had last been out of the red zone on 28thDecember. The Index had stood at 41/00, which was on the cusp of the neutral yellow zone.\nIn the coming days, regulatory chatter will remain a key driver for Bitcoin and the broader market. Following the NASDAQ 100 rally on Monday, we can also expect Bitcoin to take its cues from the U.S equity markets.\nA Bitcoin move back through to $40,000, however, could ease some of the interconnectedness seen between the two markets.\nAt the time of writing, Bitcoin was up by 0.10% to $38,535. Avoiding the day’s $37,975 pivot would support a run at the first major resistance level at $39,290.\nAn extended crypto rally, however, would bring $40,000 levels into play for the first time since 21stJanuary. The second major resistance level sits at $40,084. From $40,000, the next target would be $45,000 levels that would bring January’s high $47,979 into play.\nA fall through the day’s pivot would bring the first major support level at $37,181 into play. Barring an extended sell-off on the day, Bitcoin should continue to avoid sub-$36,500. The second major support level sits at $35,866.\nLooking at the moving averages, the signal remains bearish. The 50-day MA has pulled back from the 100-day and 200-day MAs, with the 100-day MA narrowing on the 200-day MA. Bitcoin also continues to sit below the 50-day MA. A move through the 50-day MA would bring January’s high into play.\nThisarticlewas originally posted on FX Empire\n• Big Money Selling Dynatrace\n• Bitcoin (BTC) Mining Back in the News with New CO2 Emission Numbers\n• Gold Prices Stabilize Following Last Weeks Drop\n• CBDC’s Could Damage the Economy, says Ex-Bank of Japan Official\n• NFT Market Dynamics Unveil Worrying Signals for the Crypto Sphere\n• Strong Euro Rally Puts 1.1303 – 1.1345 on Radar', 'It was a bullish end to a particularly bearish month for Bitcoin ( BTC ) and the broader crypto market. Bitcoin rose by 1.55% to end the day at $38,495. It had been a bearish start, however, with Bitcoin sliding back to sub-$37,000 levels before finding support. A NASDAQ 100 Breakout Supports a Bitcoin Rebound Going into the U.S morning session, the NASDAQ 100 shifted market appetite for riskier assets. Bitcoin rallied from a day low $36,674 to strike a late intraday high $38,785 before easing back. Following a 3-day winning streak, Bitcoin and the broader market had been under pressure on Sunday and early Monday. Negative sentiment towards FED monetary policy and regulatory scrutiny continued to weigh. From the U.S, however, oversold conditions drew in dip buyers across the U.S equity markets and the crypto market. Once more, IMF concerns over the interconnectedness between cryptos and the U.S equity markets were justified. While it was a bullish end to the month, January 2022 proved to be Bitcoin’s worse start to the year since the January 2018 meltdown. Bitcoin ended January 2022 down by 16.7%. In January 2018, Bitcoin had fallen by 25.4%. The monthly declines were certainly not the worst, however, with 2021 a particularly choppy year. A 35.3% slump in May 2021 was the largest monthly sell-off since a 36.6% tumble in November 2018. Coincidentally, Bitcoin had fallen by 32.9% in March 2018. If similar chart patterns are to be seen, the more hawkish Bitcoin price predictions could prove accurate. Much, however, will depend on regulatory oversight and of course, the FED. The Bitcoin Fear & Greed Index Monday’s recovery led to a rise in the Bitcoin Fear & Greed Index to 26/100. The Index recovered from a Monday pullback to 20/100 after having revisited a January high 29/100 on Sunday. Holding well above a 23 rd January 11/100, a move out of the red zone to 30/100 will be a key move. Currently sitting in the red-zone, the index had last been out of the red zone on 28 th December. The Index had stood at 41/00, which was on the cusp of the neutral yellow zone. Story continues Key Drivers for the Week Ahead In the coming days, regulatory chatter will remain a key driver for Bitcoin and the broader market. Following the NASDAQ 100 rally on Monday, we can also expect Bitcoin to take its cues from the U.S equity markets. A Bitcoin move back through to $40,000, however, could ease some of the interconnectedness seen between the two markets. Bitcoin Price Action At the time of writing, Bitcoin was up by 0.10% to $38,535. Avoiding the day’s $37,975 pivot would support a run at the fir
**Last 60 Days of Bitcoin's Closing Prices:**
[53598.25, 49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-01
**Financial & Commodity Data:**
- Gold Closing Price: $1800.30
- Crude Oil Closing Price: $88.20
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $729,269,131,500
- Hash Rate: 203963748.12575728
- Transaction Count: 272984.0
- Unique Addresses: 687763.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: When Twitter's ( TWTR ) Jack Dorsey stepped down as the company’s CEO late last month, he became the latest example of the tech sector's CEO-founder governance model outliving its usefulness. In recent years, Amazon's Jeff Bezos, Alphabet's ( GOOG ) dynamic duo of Sergey Brin and Larry Page , Uber's ( UBER ) Travis Kalanick have all stepped aside for various reasons, leaving an ever-dwindling number of founder-leaders in the driver's seat at giants like Meta ( FB ), Tesla ( TSLA ) and Airbnb ( ABNB ). As big tech companies amassed more scale and influence, these companies have faced pointed questions from investors and regulators about how they’re being run – and whether their larger-than-life leaders are really acting in the best interest of workers and the marketplace. Dorsey himself – who was once forced out of Twitter only to boomerang – was critical of the founder-CEO role. In his resignation letter , he said the model was “severely limiting to a single point of failure. I’ve worked hard to ensure this company can break away from its founders and founding.” Twitter has been under pressure from activist investors to accelerate the platform’s development and improve its finances – something that illustrates the shortcomings of having founders stay too long at the dance, according to critics. “There’s definitely a shelf life to founder CEOs,” Travis Howell, assistant professor of strategy at the University of California, Irvine, told Yahoo Finance in an interview. “They're great at the beginning and for a while, but after they IPO, their value to the organization declines precipitously,” the business professor added. 'A rare breed' MIAMI, FLORIDA - JUNE 04: Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. The crypto conference is expected to draw 50,000 people and runs from Friday, June 4 through June 6th. (Photo by Joe Raedle/Getty Images) (Joe Raedle via Getty Images) However, sometimes the founder’s willingness to completely vacate the C-suite has a lot to do with their side interests. Dorsey, Amazon’s Bezos and Microsoft’s ( MSFT ) Bill Gates, have handed off their power to others to pursue passion projects. Gates, who had stepped down as CEO back in 2000, officially left the board last year to pursue his philanthropic interests. Dorsey exited Twitter to focus on Block, the payments company he also founded and leads , and his budding interest with cryptocurrency. Meanwhile, Bezos is one of several billionaires involved in the new space race . With tech’s size and scale, there is a growing push in Silicon Valley to groom a new breed of successors to run companies in a more traditional way, focusing on shareholder value and growth rather than being distracted by passion projects. As Dorsey described in his letter, at times founder CEOs outstay their welcome, which was largely the case with Uber's Kalanick and Adam Neumann at WeWork. Both men had outsized personalities that ultimately had a negative impact on company culture — attracting bad press that upset investors and stakeholders. Story continues In his widely-cited book “The Founder’s Dilemma,” Yeshiva University’s Noam Wasserman explained why entrepreneurs who create a successful company must ultimately choose a priority: to get rich or to be king. Successful founder-CEOs “are a very rare breed,” Wasserman wrote. His research of start-ups that sprang up in the 1990s and early 2000s found that most founders relinquished control before their companies floated shares for the first time. Of the ones still in control, most were gone by the fourth year of being public. “We remember the handful of founder-CEOs in corporate America, but they’re the exceptions to the rule,” Wasserman added. It was kind of an experiment with having founders stick around for a while and I think we have seen it blow up a few times. There's just a lot more scrutiny now in terms of public perception and regulatory perception. Travis Howell, University of California, Irvine To get rich, founders sell equity, which dilutes control. But holding onto shares – which maintains control over the company and the board – makes their wealth illiquid, undiversified, and at risk if something happens to the company’s value. “It depends on how responsible the founder or the founding team is. They're almost like a Monarch, the king or queen of their organization,” Howell said. His research suggests that founders are critical to the success of their companies, based on their mastery of the smallest details , a vision few others share. Seemed like a good idea at the time Still, venture capitalists haven’t always retained founders, with the objective being to replace founders with experienced CEOs to “ professionalize” the organization in preparing for the company to go public. But the norm has shifted, with some VC firms using the founder-friendly approach because they cash out shortly after IPO. However, Howell’s data show that firms with founder CEOs have lower stock performance after an IPO relative to other firms. “It was kind of an experiment with having founders stick around for a while and I think we have seen it blow up a few times,” he told Yahoo Finance. “There's just a lot more scrutiny now in terms of public perception and regulatory perception.” “I think we will go back to the way things were. I don't think it will be immediate, but I think that's where we're going,” he added. One possible solution, according to observers, is to keep founders around in a non-CEO advisory role, like CTO or board director. In Google’s early days, Page and Brin brought in experienced tech hand Eric Schmidt to lead the company through its public offering and massive growth. “With tech, early on, what you need is innovators, big thinkers, people with big ideas, products, people who understand what people want,” Howell explained. “Those are very different skill sets from running a large company, what you need is managerial skill sets, operational capabilities and everything,” he added. Last week, Salesforce ( CRM ) saw an executive reshuffle of its own, with CEO Marc Benioff handing over power to a co-CEO, Bret Taylor – Benioff’s second attempt at a power-sharing arrangement. Back in 2018, Salesforce appointed then-president and COO Keith Block to co-CEO, who only lasted two years on the job. This time around, it’s unclear how much power Benioff intends to relinquish, and whether it’ll move the needle on governance changes – especially because Taylor will still report to Benioff. “Salesforce has had an evolving leaders substructure several times, as we have also had tremendous success previously with the co-CEO structure,” Marc Benioff said on the call. “I'm very excited about the co-CEO structure, these jobs are big jobs and being able to have a partner that you can share with makes it a lot easier,” the co-CEO added. In a research note last week, Jefferies called Salesforce’s reshuffle a positive, but did not expect there would be significant change to the company’s course. Yet Howell said power-sharing among CEOs “never really works, it's just confusing for everybody about who's in charge and who's doing what.” Howell said. Dani Romero is a reporter for Yahoo Finance. Follow her on Twitter: @daniromerotv Follow Yahoo Finance on Twitter , Instagram , YouTube , Facebook , Flipboard , and LinkedIn View comments...
- Reddit Posts (Sample): [['u/TheAtlanticGuy', 'You wake up in the future, where fiat currency has been abolished...', 197, '2022-02-01 00:05', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/', 'You wake up in the morning to spend another day in the glorious crypto utopia. The world has finally collectively realized that they just didn\'t get it, and a deflationary economy is a good thing, actually. Banks are all gone, government regulation is a thing of the past, and everything is decentralized.\n\nAfter your morning coffee, each pack of which comes with an exclusive CoffeePunk NFT, you make your way over to the office, where you work for a local DAO that plays Axie Infinity. Your boss is an automated program that makes sure you\'re grinding enough Smooth Love Potions for the account owners, who take half the profits of course.\n\nAfter another hard day of grinding SLP, you start to get pekish. After the DAO reaches a group consensus to allow you to take a break, you get up and make your way to the Bodega Box. The machine, as is customary, accepts SLP, Bitcoin, Bitcoin Cash, Litecoin, Ether, Monero, Dogecoin, Shiba Inu, ElonSpermCoin, and NFTs. You select your food, your ownership of which is permanently recorded on the blockchain, and elect to pay using Ether.\n\nAfter scanning a QR code, your phone connects to the Etherium network. Now that it has Mass Adoption, it has grown to hundreds of millions of computers worldwide, who are now all processing your payment to a vending machine. After the worldwide decentralized blockchain reaches a consensus, a competition begins between a network of supercomputers to establish who can waste the most electricity. After they collectively consume enough energy to power Belgium for three weeks, a winner is declared and they are awarded 0.00000000000065 Ether.\n\nWith it now immortalized forever on a worldwide ledger that you bought a sandwich (and an NFT for it!), you eat it and happily get back to work. Unfortunately, someone beforehand hacked the Bodega Box and modified the smart contract. Now they have legally taken possession of all your crypto, including your ElonSperm (right after it went to the Moon too!), your NFT collection, your car, your house, custody of your children, and the legal rights to your birth name. In shock, you call what\'s left of the government for legal help. You hear laughter. "Should\'ve used a cold wallet. You clearly don\'t understand the benefits of crypto, HFSP."\n\nWhat\'s worse, they also took your SLP, and the DAO detected your lack of productivity and fired you after an automated consensus.\n\nNow on the streets, you drift off to sleep. Your last conscious thought is thanking your lucky stars we\'re still early.', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/', 'shf5p5', [['u/noooit', 13, '2022-02-01 00:11', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv25ibz/', "And on the street you can't ask for change as cash is obsolete and you don't have your cold wallet.", 'shf5p5'], ['u/AlexandbroTheGreat', 28, '2022-02-01 00:39', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv29keb/', "That's my sandwich now according to the Blockchain. Please allow me to reach down your throat and get back what's mine.", 'shf5p5'], ['u/TheAtlanticGuy', 32, '2022-02-01 00:41', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv29s46/', 'You hold out your QR code on the streets, waiting for a generous soul to come by. Someone finally does.\n\nThey plant a smart contract in your wallet that transfers ownership of your kidneys to them.\n\n"Thank God we were able to build a trustless system", you think as your kidneys are being acquired.\n\nLater, the new owner of your vital organs holds on to them as a speculative asset, eventually selling them on the blockchain for a 10x profit after KidneyCoin goes to the Moon.', 'shf5p5'], ['u/DjangoWexler', 50, '2022-02-01 01:57', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv2jx31/', '> After the worldwide decentralized blockchain reaches a consensus, a competition begins between a network of supercomputers to establish who can waste the most electricity. After they collectively consume enough energy to power Belgium for three weeks, a winner is declared and they are awarded 0.00000000000065 Ether.\n\nIt does seem a little wasteful, and you look forward to Ethereum transitioning to proof of stake -- scheduled for Q4 2079, just six months away!', 'shf5p5'], ['u/thirawat14', 42, '2022-02-01 02:18', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv2mqkm/', "ME: Stephen King, Clive Barker, Dean Koontz. I've read it all and nothing scares me.\n\nOP: Hold my beer.", 'shf5p5'], ['u/Jakegender', 29, '2022-02-01 02:48', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv2qtzl/', 'This is great. A worthy sequel to the libertarian cop copypasta.', 'shf5p5'], ['u/sirtaptap', 17, '2022-02-01 03:29', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv2wltk/', "The funniest thing to me about this is it's in some ways extremely generous to creepto. Because as Wonderland shows, considering a DAO automated is incredibly generous. \n\nAnd of course you don't get a free NFT with anything. You pay just to PAY for an NFT for pete's sake! Thankfully, the person who makes the NFT also pays so that someone can pay for their NFT. God I can't wait for every action I take to cost money. That sounds so good.", 'shf5p5'], ['u/noratat', 16, '2022-02-01 04:30', 'https://www.reddit.com/r/Buttcoin/comments/shf5p5/you_wake_up_in_the_future_where_fiat_currency_has/hv34r04/', '> You pay just to PAY for an NFT for pete\'s sake! Thankfully, the person who makes the NFT also pays so that someone can pay for their NFT. \n\nThe funny part is, the transaction fees are the only thing holding back entire categories of attacks, scams, and fraud.\n\nE.g. "smart" contracts have such an incredibly poor design that you can literally send a malicious contract to someone that they have no way of getting rid of safely without paying at least transaction fees.\n\nIf transaction fees were very low, scammers could afford to mass-broadcast such things instead of having to target them.', 'shf5p5']]], ['u/Future-PeterSchiff', 'Fidelity is being super bullish on Bitcoin right now. I remember a few months ago rumors were flying of leaked documents saying they told their largest investors they saw Bitcoin going past a billion a coin one day. Now they’re being publicly bullish.', 187, '2022-02-01 00:35', 'https://www.reddit.com/r/Bitcoin/comments/shfut3/fidelity_is_being_super_bullish_on_bitcoin_right/', "A few months ago, documents were leaked from a behind closed door meeting Fidelity had with their largest investors, that showed they presented their largest investors with a projection of seeing Bitcoin potentially going past a billion dollars per coin by the 2040’s through the 2050’s.\n\nHere’s a video on it that I found:\n\nhttps://youtu.be/p71snW63M5g\n\nMedium article on it:\n\nhttps://medium.com/coinmonks/fidelity-predicts-1-billion-bitcoin-db635f226195\n\nThe original Reddit post that leaked the documents: \n\nhttps://np.reddit.com/r/Bitcoin/comments/pc6iav/fidelity_bitcoin_analysis/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf\n\nThis was all leaked before they publicly started posting things like this on their socials for their retail investors to see: \n\nhttps://twitter.com/digitalassets/status/1488273815180349440?s=21\n\nTweet:\n\nFidelity Digital Assets \n@DigitalAssets\n\nOur latest piece argues that bitcoin'\nfirst technological breakthrough\nwasn't as a superior payment\ntechnology but as a superior form of\nmoney. As a monetary good, bitcoin\nshould be considered separately from\nother digital assets.\nRead Bitcoin First: \n\nhttps://www.fidelitydigitalassets.com/articles/bitcoin-first\n\nWhat do they know? Who opened their mouth to these institutional investors like this? Now we have to compete with them to stack sats?!?! Fuck! Jk", 'https://www.reddit.com/r/Bitcoin/comments/shfut3/fidelity_is_being_super_bullish_on_bitcoin_right/', 'shfut3', [['u/Icy-Abbreviations117', 57, '2022-02-01 00:50', 'https://www.reddit.com/r/Bitcoin/comments/shfut3/fidelity_is_being_super_bullish_on_bitcoin_right/hv2b4wx/', 'A billion eh lol ?', 'shfut3'], ['u/18476', 16, '2022-02-01 01:01', 'https://www.reddit.com/r/Bitcoin/comments/shfut3/fidelity_is_being_super_bullish_on_bitcoin_right/hv2cnlw/', "Pretty wild. That youtube video explained how. Essentially a collapse of the USD was all but mentioned exactly and surely no longer being the world currency. They anticipate by 2030 it gonna like zimbabwe money. I don't think fidelity would really say that. It makes sense for them to step into crypto.", 'shfut3'], ['u/DarthBen_in_Chicago', 15, '2022-02-01 01:15', 'https://www.reddit.com/r/Bitcoin/comments/shfut3/fidelity_is_being_super_bullish_on_bitcoin_right/hv2eiq0/', 'This. One billion dollars *then* is not the same as what one billion dollars means *now*.', 'shfut3'], ['u/Sensitive_Deer_2011', 11, '2022-02-01 01:19', 'https://www.reddit.com/r/Bitcoin/comments/shfut3/fidelity_is_being_super_bullish_on_bitcoin_right/hv2f4fz/', 'That video was interesting, although He forgets to mention a loaf of bread and gallon of milk will be several thousand dollars as well.', 'shfut3'], ['u/Future-PeterSchiff', 93, '2022-02-01 02:00', 'https://www.reddit.com/r/Bitcoin/comments/shfut3/fidelity_is_being_super_bullish_on_bitcoin_right/hv2kbxb/', 'In the year 2042 in a secret mountain villain layer in the ...
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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36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94
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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:**
['Astra Protocol, a legal and compliance layer, has announced today that it had set up a compliance hub in The Sandbox virtual world. The press release shared with FXEmpire notes that such a branch will give metaverse users some decentralized compliance layers such as Know-Your-Customer (KYC) and Anti-Money Laundering (AML) capabilities. Web3 and Compliance Jez Ali, the founder of Astra Protocol, commented about the deployment of its first Compliance Hub: “We are delighted to announce the Astra Protocol’s entry into the metaverse with our first plot in The Sandbox. The future of metaverse development will be a long-lasting and innovative mission which has already shown incredible growth and is an exciting area of Web3. By deploying the first Compliance Hub in the metaverse, we can support this growth by adding a layer of protection for users across the world.” According to the firm, The Sandbox was tapped for the purpose because it has some “of the most desirable and exciting locations” in the metaverse. “It is where most users are flocking to for new immersive experiences and ways of interacting with one another. With only 166,464 individual plots of land available, there is enormous competition for The Sandbox locations,” Astra stated in the announcement. The Decentralized Legal Network (DLN) created by Astra covers around 195 countries to meet compliance requirements in several jurisdictions. $50M Metaverse Accelerator Launching Recently, the Ethereum-based Sandbox NFT and metaverse project has launched a $50 million accelerator program in partnership with Animoca Brands and Brinc. According to an announcement , the incentive will invest as much as $250,000 into around 100 projects over the next three years. Leading metaverse and NFT game investor Animoca Brands and global venture firm Brinc will also be playing a part. Top-performing projects will receive additional investments of as much as $150,000 in SAND and LAND token grants. The Sandbox Metaverse Accelerator Program is scheduled to start in Q2, 2022. Story continues This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Markets Continue to Push Higher Solo Bitcoin Miner Solves One Full Valid Block as BTC Price Pushes for Gains ConsenSys to Beef up MetaMask Security With Latest Crypto Acquisition McDonald’s Goes Metaverse for the Year of the Tiger Silver Markets Continue to Attempt Base Building USD/CAD Eases on Quit Rate Decline', 'Astra Protocol, a legal and compliance layer, has announced today that it had set up a compliance hub in The Sandbox virtual world.\nThe press release shared with FXEmpire notes that such a branch will give metaverse users some decentralized compliance layers such as Know-Your-Customer (KYC) and Anti-Money Laundering (AML) capabilities.\nJez Ali, the founder of Astra Protocol, commented about the deployment of its first Compliance Hub:\n“We are delighted to announce the Astra Protocol’s entry into the metaverse with our first plot in The Sandbox. The future of metaverse development will be a long-lasting and innovative mission which has already shown incredible growth and is an exciting area of Web3. By deploying the first Compliance Hub in the metaverse, we can support this growth by adding a layer of protection for users across the world.”\nAccording to the firm, The Sandbox was tapped for the purpose because it has some “of the most desirable and exciting locations” in the metaverse.\n“It is where most users are flocking to for new immersive experiences and ways of interacting with one another. With only 166,464 individual plots of land available, there is enormous competition for The Sandbox locations,” Astra stated in the announcement.\nThe Decentralized Legal Network (DLN) created by Astra covers around 195 countries to meet compliance requirements in several jurisdictions.\nRecently, the Ethereum-based SandboxNFTand metaverse project has launched a $50 million accelerator program in partnership with Animoca Brands and Brinc.\nAccording toan announcement, the incentive will invest as much as $250,000 into around 100 projects over the next three years. Leading metaverse and NFT game investor Animoca Brands and global venture firm Brinc will also be playing a part.\nTop-performing projects will receive additional investments of as much as $150,000 inSANDand LAND token grants. The Sandbox Metaverse Accelerator Program is scheduled to start in Q2, 2022.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Markets Continue to Push Higher\n• Solo Bitcoin Miner Solves One Full Valid Block as BTC Price Pushes for Gains\n• ConsenSys to Beef up MetaMask Security With Latest Crypto Acquisition\n• McDonald’s Goes Metaverse for the Year of the Tiger\n• Silver Markets Continue to Attempt Base Building\n• USD/CAD Eases on Quit Rate Decline', "The U.S. Securities and Exchange Commission has asked Bitwise to clarify how the investment firm will prevent share manipulation, fraud and other potential issues in its proposed spot bitcoin exchange-traded fund (ETF), according toa noticeto the company on Tuesday.\n• The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust's liquidity and transparency and requested more color on the “suitability” of bitcoin as the underlying asset for the fund.\n• The SEC’s request veered from its serial denials to date of other proposed spot bitcoin exchange-traded products (ETP).\n• Over the past two months, the agency has rejected spot bitcoin ETF applications from WisdomTree, Krypton, SkyBridge and Fidelity. It is weighing a number of other applications from investment firms.\n• In December the SECdelayeda decision on the spot bitcoin applications of Bitwise and Grayscale, a unit of Digital Currency Group, which is also the parent company of CoinDesk.\n• Bitwise will have 21 days to respond to the SEC’s concerns.\nRead more:SEC Delays Decision on Grayscale and Bitwise Spot Bitcoin ETFs", "The U.S. Securities and Exchange Commission has asked Bitwise to clarify how the investment firm will prevent share manipulation, fraud and other potential issues in its proposed spot bitcoin exchange-traded fund (ETF), according to a notice to the company on Tuesday. The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust's liquidity and transparency and requested more color on the “suitability” of bitcoin as the underlying asset for the fund. The SEC’s request veered from its serial denials to date of other proposed spot bitcoin exchange-traded products (ETP). Over the past two months, the agency has rejected spot bitcoin ETF applications from WisdomTree, Krypton, SkyBridge and Fidelity. It is weighing a number of other applications from investment firms. In December the SEC delayed a decision on the spot bitcoin applications of Bitwise and Grayscale, a unit of Digital Currency Group, which is also the parent company of CoinDesk. Bitwise will have 21 days to respond to the SEC’s concerns. Read more: SEC Delays Decision on Grayscale and Bitwise Spot Bitcoin ETFs", "The U.S. Securities and Exchange Commission has asked Bitwise to clarify how the investment firm will prevent share manipulation, fraud and other potential issues in its proposed spot bitcoin exchange-traded fund (ETF), according toa noticeto the company on Tuesday.\n• The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust's liquidity and transparency and requested more color on the “suitability” of bitcoin as the underlying asset for the fund.\n• The SEC’s request veered from its serial denials to date of other proposed spot bitcoin exchange-traded products (ETP).\n• Over the past two months, the agency has rejected spot bitcoin ETF applications from WisdomTree, Krypton, SkyBridge and Fidelity. It is weighing a number of other applications from investment firms.\n• In December the SECdelayeda decision on the spot bitcoin applications of Bitwise and Grayscale, a unit of Digital Currency Group, which is also the parent company of CoinDesk.\n• Bitwise will have 21 days to respond to the SEC’s concerns.\nRead more:SEC Delays Decision on Grayscale and Bitwise Spot Bitcoin ETFs", 'After having seen a 3-day losing streak come to an end last Sunday, Bitcoin (BTC) rose for a 2ndconsecutive day on Tuesday. Following a 1.55% gain on Monday, Bitcoin ended the day up by 0.59% to $38,721.\nFor the Bitcoin bulls, while 8 days in the green from 10 sessions is positive, Bitcoin has failed to breakout from its current ranges. After recovering from a January low $32,991, a Tuesday high $39,281 has been its highest reach since the 21stJanuary sell-off.\nThe NASDAQ continues to head northwards, in spite of market sentiment towards FED monetary policy. A 5-day winning streak has seen the index rise by 5.96% over the period. By contrast, Bitcoin was up by 4.12% to Tuesday’s close. Considering crypto volatility and market risk profiles, Bitcoin movement has been range-bound.\nA marked pickup in regulatory activity has likely hindered Bitcoin’s return to $40,000 levels. On Tuesday,newshit the wires of the Indian government planning to roll out a 30% crypto tax. Withnewsof a White House Executive Action on crypto regulations also hitting the wires, regulatory risk remains a key driver for the crypto market.\nA 2ndday in the green for Bitcoin supported a modest rise in theBitcoin Fear & Greed Index. Having recovered from a pullback to 20/100, the Index currently sits at 28/100, just short of January’s high 29/100.\nWhile inching closer to the orange zone, the Index last sat outside of the red zone back on 28thDecember (41/100). Uncertainty continues to peg the Index back, which is aligned with Bitcoin’s price movements at the turn of the year.\nBack in November, the Index had risen to 84/100 on 9thNovember before the broad-based crypto market sell-off.\nAt the time of writing, Bitcoin was down by 0.53% to $38,516. A move back through the day’s $38,679 pivot would support a run at Tuesday’s high $39,281
**Last 60 Days of Bitcoin's Closing Prices:**
[49200.70, 49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-02
**Financial & Commodity Data:**
- Gold Closing Price: $1809.20
- Crude Oil Closing Price: $88.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $709,627,770,133
- Hash Rate: 202639308.2028628
- Transaction Count: 278985.0
- Unique Addresses: 680004.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.28
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK (AP) — In exchange for a cryptocurrency token, you can own a digital watercolor painting of Melania Trump's eyes. The former first lady launched a venture this week selling NFTs, or non-fungible tokens, on her website in exchange for a Solan token, currently valued around $180 each. Melania Trump will release NFTs “in regular intervals” on her website, according to a news release, with a portion of the proceeds going to foster children. It's unclear what percentage of the proceeds will be donated, or whether the donations will be given to specific foster child-related charities. An email inquiry about how the donations would be structured were not answered by Melania Trump's press contact. Aaron Dorfman, president and CEO of the National Committee for Responsive Philanthropy, says when a company says “a portion of the proceeds” will go to charity without indicating specifically what amount, “It's a huge red flag.” “It means that charity is not a serious part of their plan,” Dorfman said. “It's a marketing ploy.” The Trump family has a troubled history with charities, though Melania Trump was not directly involved in a clash over a charity the family ran in New York. While still president, Donald Trump paid a $2 million court-ordered fine after conceding he used his charitable foundation as a personal piggy bank. The fine was ordered to be distributed amongst eight charities. The Trump Foundation was dissolved. In addition, Trump agreed to restrictions if he were to form a new charity or foundation and New York State required mandatory training for his children, Donald Trump Jr., Ivanka Trump, and Eric Trump, who were all involved with the Trump Foundation. Non-fungible tokens are essentially digital certificates of authenticity that can be attached to art, music or any other type of digital file. NFTs confirm an item’s ownership by recording the details on a digital ledger known as a blockchain, which is public and stored on computers across the internet, making it effectively impossible to lose or destroy. An NFT by the digital artist who goes by Beeple sold for nearly $70 million earlier this year. It sparked huge interest in the digital technology that has been around for several years, piggy-backing on a Bitcoin craze that made blockchain a household word. Digital cat characters were selling for six-figure sums as far back as 2017 and today you can buy digital LeBron James basketball highlight NFTs for anywhere from a couple bucks to nearly a quarter of a million dollars. While often pitched as a fun hobby like collectibles because their values fluctuate, many treat NFTs as an investment. Like cryptocurrency, they are largely unregulated and many experts warn against putting money into them....
- 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.
|
37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47
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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:**
['Solana (SOL) has had plenty of airtime on the crypto news wires in recent weeks. Once tagged the “Ethereum (ETH) Killer”, outages have left Solana in the deep red for the current year. In spite of the ongoing outage issues, Solana continues to sit at #7 onCoinMarketCap.\nSupport continues to come from the platform’s entry into the NFT and DeFi spaces. Solana hit an ATH $259.95 back in early November before hitting reverse to end the year at $169.93.\nIn early January,news hit the wiresof a distributed denial-of-service (DDoS) attack. It was the 3rdattack in less than 6-months. This followed an attack at the end of 2021 that had impacted network performance for hours. For the network, a48-hour outagewas the most significant, however, leaving users with heavy losses.\nOvernight,newshit the wires of the Solana wormhole succumbing to an 80,000k ETH hack. Hackers reportedly targeted the Solana Wormhole bridge, with 80,000 in WETHsentto the hacker’s wallet. For the Solana platform, the result is unbacked ETH on the Solana blockchain.\nAccording to the news report, developers are negotiating with the hackers. The wormhole page has since been taken down.\nOn Wednesday, SOL slid by 7.5% to end the day at $101.89. A bearish session for the broader crypto market, coupled with the latest hack weighed on the day.\nFor the day ahead, a move through the day’s $104 pivot level would support a run at the first major resistance level at $111 and Wednesday’s high $112.43. Plenty of support would be needed, however, to break back through to $110 levels.\nFailure to move through the day’s pivot would leave support levels in play. The first major support level sits at $95.\nLooking at the EMAs, SOL continues to sit well below the 50-day EMA at $136.5. On Wednesday, we also saw a bearish cross, with the 50 crossing through the 200 EMA. Early this morning, the 50-day EMA has continued to pullback from the 100 and 200-day EMAs, a bearish signal.\nAt the time of writing, SOL was down by 0.58 to $101.30.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Remains Stuck Near 1.2680\n• A Bullish Case for Bitcoin as Lebanon Targets Depositors’ Fiat?\n• NFT Marketplace HitPiece Sells Music Assets Without Permission\n• EUR/USD Reaction to 1.1303 – 1.1345 Sets Short-Term Tone\n• UK Tax Authorities Muddy the Crypto Tax Waters\n• Silver Prices Rise in the Wake of Disappointing Jobs Data', 'Solana ( SOL ) has had plenty of airtime on the crypto news wires in recent weeks. Once tagged the \x93Ethereum ( ETH ) Killer\x94, outages have left Solana in the deep red for the current year. In spite of the ongoing outage issues, Solana continues to sit at #7 on CoinMarketCap . Support continues to come from the platform\x92s entry into the NFT and DeFi spaces. Solana hit an ATH $259.95 back in early November before hitting reverse to end the year at $169.93. Network Power Outages Test Support In early January, news hit the wires of a distributed denial-of-service (DDoS) attack. It was the 3 rd attack in less than 6-months. This followed an attack at the end of 2021 that had impacted network performance for hours. For the network, a 48-hour outage was the most significant, however, leaving users with heavy losses. 80,000 ETH Hack to Further Test Solana Support Overnight, news hit the wires of the Solana wormhole succumbing to an 80,000k ETH hack. Hackers reportedly targeted the Solana Wormhole bridge, with 80,000 in WETH sent to the hacker\x92s wallet. For the Solana platform, the result is unbacked ETH on the Solana blockchain. According to the news report, developers are negotiating with the hackers. The wormhole page has since been taken down. SOL Price Action On Wednesday, SOL slid by 7.5% to end the day at $101.89. A bearish session for the broader crypto market, coupled with the latest hack weighed on the day. For the day ahead, a move through the day\x92s $104 pivot level would support a run at the first major resistance level at $111 and Wednesday\x92s high $112.43. Plenty of support would be needed, however, to break back through to $110 levels. Failure to move through the day\x92s pivot would leave support levels in play. The first major support level sits at $95. Looking at the EMAs, SOL continues to sit well below the 50-day EMA at $136.5. On Wednesday, we also saw a bearish cross, with the 50 crossing through the 200 EMA. Early this morning, the 50-day EMA has continued to pullback from the 100 and 200-day EMAs, a bearish signal. Story continues At the time of writing, SOL was down by 0.58 to $101.30. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Remains Stuck Near 1.2680 A Bullish Case for Bitcoin as Lebanon Targets Depositors\x92 Fiat? NFT Marketplace HitPiece Sells Music Assets Without Permission EUR/USD Reaction to 1.1303 \x96 1.1345 Sets Short-Term Tone UK Tax Authorities Muddy the Crypto Tax Waters Silver Prices Rise in the Wake of Disappointing Jobs Data', 'Bitcoin (BTC) saw a 2-day mini winning streak come to an end on Wednesday. Reversing a 0.59% gain from Tuesday, Bitcoin slid by 4.54% to end the day at $36,964.\nFor the Bitcoin bulls, 8 days in the green from 11 sessions will be of little consolation. Bitcoin was rangebound ahead of the latest pullback. Failing to revisit $40,000 levels weighed on Bitcoin and the broader crypto market.\nBitcoin decoupled from the NASDAQ on Wednesday. While Bitcoin and the broader market saw deep red, the NASDAQ 100 wrapped up the day in positive territory. The decoupling may be temporary, however, with the NASDAQ 100 mini down 315 points at the time of writing.\nRegulatory chatter on cryptos has continued to delay a Bitcoin return to $40,000 levels. On Wednesday, news of more governments announcing plans to regulate the crypto market dragged.\nThere were alsoreportsof trading volumes surging in India mid-week following the government’sannouncementof a 30% crypto tax. It remains to be seen whether investor reaction was favorable to the tax plans or last chance saloon for traders before the 30% tax becomes law. While volumes jumped, the Indian government has increased crypto scrutiny at the turn of the year. Ultimately, however, the market awaits theWhite House Executive Action, which may become the blue print for a unified global regulatory framework.\nWhile crypto regulation has been a key driver in recent months, rising tensions over Russia and the Ukraine have also tested support for the majors.Newsof the U.S ordering close to 3,000 troops to Eastern Europe to “counter Russia” was market negative.\nBitcoin’s slide on Wednesday led to another pullback in theBitcoin Fear & Greed Index. Having recovered to 28/100 on Wednesday to sit just short of January’s high 29/100, the Index has now fallen back to 20/100.\nBitcoin’s failure to revisit $40,000 levels has left the Index in the red zone, which indicates fear of further Bitcoin losses. The Index had last sat outside of the red zone back on 28thDecember (41/100).\nAt the time of writing, Bitcoin was up by 1.33% to $37,455. A move through the day’s $37,500 pivot would support a run at Tuesday’s high $38,883. Bitcoin would need plenty of support, however, to breakout from the first major resistance level at $38,348 and resistance at $38,500.\nAn extended crypto rally, however, would bring $40,000 levels into play for the first time since 21stJanuary. The second major resistance level sits at $39,731.\nFailure to move back through the day’s pivot would bring the first major support level at $36,116 into play. Barring an extended sell-off on the day, Bitcoin should avoid sub-$35,000. The second major support level at $35,267 should limit the downside.\nLooking at the EMAs, the signal remains bearish. The 50-day EMA has pulled further back from the 100-day and 200-day EMAs. The 100-day EMA has also pulled further back from the 200-day EMA, another bearish signal. Significantly, Bitcoin continues to sit well below the 50-day EMA that has eased back to $42,800 levels.\nThisarticlewas originally posted on FX Empire\n• Crypto Scammer Steals $333K in BNB Using 16K Smart Contracts\n• Dune Analytics Raises $70M to Make Blockchain Data More Accessible\n• Botswana Passes Bill to Regulate Crypto and Digital Tokens Trading\n• USD/CAD Remains Stuck Near 1.2680\n• Silver Prices Rise in the Wake of Disappointing Jobs Data\n• USD/CAD Edges Lower as Treasury Yields Decline', 'Bitcoin (BTC) saw a 2-day mini winning streak come to an end on Wednesday. Reversing a 0.59% gain from Tuesday, Bitcoin slid by 4.54% to end the day at $36,964.\nFor the Bitcoin bulls, 8 days in the green from 11 sessions will be of little consolation. Bitcoin was rangebound ahead of the latest pullback. Failing to revisit $40,000 levels weighed on Bitcoin and the broader crypto market.\nBitcoin decoupled from the NASDAQ on Wednesday. While Bitcoin and the broader market saw deep red, the NASDAQ 100 wrapped up the day in positive territory. The decoupling may be temporary, however, with the NASDAQ 100 mini down 315 points at the time of writing.\nRegulatory chatter on cryptos has continued to delay a Bitcoin return to $40,000 levels. On Wednesday, news of more governments announcing plans to regulate the crypto market dragged.\nThere were alsoreportsof trading volumes surging in India mid-week following the government’sannouncementof a 30% crypto tax. It remains to be seen whether investor reaction was favorable to the tax plans or last chance saloon for traders before the 30% tax becomes law. While volumes jumped, the Indian government has increased crypto scrutiny at the turn of the year. Ultimately, however, the market awaits theWhite House Executive Action, which may become the blue print for a unified global regulatory framework.\nWhile crypto regulation has been a key driver in recent months, rising tensions over Russia and the Ukraine have also tested support for the majors.Newsof the U.S ordering close to 3,000 troops to Eastern Europe to “counter Russi
**Last 60 Days of Bitcoin's Closing Prices:**
[49368.85, 50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-03
**Financial & Commodity Data:**
- Gold Closing Price: $1803.00
- Crude Oil Closing Price: $90.27
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $694,152,195,062
- Hash Rate: 194692668.6654956
- Transaction Count: 265344.0
- Unique Addresses: 664854.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.20
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin was the first cryptocurrency and it remains both the largest and the most well-known. In fact, to the general public, Bitcoin is the standard bearer for all cryptocurrency, with many assuming that how Bitcoin trades is reflective of the cryptocurrency market as a whole. While this is true to some degree, it's also true that many of the thousands of other cryptos dance to their own beat.
In 2021, one of the many headlines surrounding Bitcoin was the news that El Salvador would be the first country to accept Bitcoin as legal tender, perhaps paving the way for other countries to do the same. The price of Bitcoin has continued to soar, part of the reason it continually garners headlines. As of Nov. 26, the industry-leading crypto is up about 87% since January 2021. Over the past year, Bitcoin has risen by 218%.
Do You Know?Where Does Cryptocurrency Come From?
Ethereum has long played second fiddle to Bitcoin, but it's on a trajectory to unseat Bitcoin as the most valuable crypto in terms of market cap. Currently, Ethereum's market cap of about $500 billion is about half that of Bitcoin's $1 trillion, but it has posted gains of 733% over the past year, more than tripling the gains made by Bitcoin. The crypto's market share has already jumped to 20% of the market, from 8.5%, while Bitcoin's has dropped from 67% to about 45%.
Beyond Bitcoin:Looking at Some Crypto Financial Jargon
Dogecoin has been the subject of countless news articles over the past year or so, partially due to its creation story. Dogecoin was literally created as a joke, a spoof on the crypto crazy in which investors would bid up even worthless coins. But Dogecoin has proven that even the most illusory cryptos can become real, as it now sits as the 10th-largest cryptocurrency in terms of market capitalization, at a whopping $30 billion valuation. In May 2021, Dogecoin had a market cap as high as $88 billion.
Find Out:What Is Chainlink and Why Is It Important in the World of Cryptocurrency?
Shiba Inu is another coin fashioned in the whimsical manner of Dogecoin, but it does carry slightly more heft. Shiba Inu is built on the Ethereum ecosystem, and thus enjoys the security and advanced features of that platform. Overall, the crypto is still a bit of an experiment, as it is more of a community- and supporter-driven crypto than a functional token in a structured environment. However, that hasn't stopped the crypto from reaching $22 billion in market cap and posting a ridiculous one-year gain of 59,146,060%, even though it only trades at a minuscule $0.00003990 per coin, as of late November.
Find Out:Why Some Money Experts Believe In Bitcoin and Others Don't
Cardano skyrocketed in popularity in 2021 as it was one of the first cryptos to embrace proof-of-stake validation. In plain English, this means that Cardano is able to greatly reduce transaction time and energy usage, two of the problems that continue to dog Bitcoin. It also borrows a playbook from the Ethereum network via its decentralized applications and enabling of smart contracts. Investors have flocked to the coin in 2021, which is up over 1,000% over the past year in spite of a recent selloff.
Read:How To Invest In Cryptocurrency: What You Should Know Before Investing
Solana is another crypto that has flown somewhat under the radar of the general public but has provided astronomical returns for those who have owned it. Solana blends both proof-of-stake and proof-of-history mechanisms, which has attracted a lot of interest from investors. Solana now has a market cap of over $60 billion after sprinting to a 10,500% gain over the past year.
Binance Coin (BNB):Why It's So Interesting to the Cryptocurrency World
XRP works on the Ripple digital payment processing network, where it can be used to facilitate exchanges among both digital and fiat currencies. As a crypto with a defined utility, investors have slowly and steadily piled into XRP, giving it a market cap of about $45 billion. In crypto terms, XRP has risen modestly over the past year, up 70%.
See:Is Crypto a Sinking Ship? Money Experts Weigh In
Crypto.com bills itself as the world's fastest-growing crypto app, boasting over 10 million users and offering the ability to buy or sell over 200 cryptocurrencies at true cost. While that level of achievement might make news on its own, the biggest hit of 2021 for the company was its announcement that it had bought the naming rights for the former Staples Center in Los Angeles, home of sports teams like the Los Angeles Lakers. The name change of the storied venue to the Crypto.com Arena will officially take place as of Christmas Day 2021. Crypto.com paid an incredible $700 million for the naming rights to the arena, showing the immense amount of money being generated in the cryptocurrency space.
Take a Look:The 10 Wildest Things Selling as NFTs
One of the biggest crypto headlines of 2021 was the much-anticipated arrival to market of an exchange-traded fund devoted to buying Bitcoin futures. The ProShares Bitcoin Strategy ETF has already proven to be one of the most successful ETF launches in history, raising $1.26 billion in assets in its first month. Bitcoin has been down in the month since the ETF officially launched, but it's easy to imagine the ETF gaining even more popularity if Bitcoin turns around and begins setting new highs again.
$120K Bananas and $69M Digital Collages:Strange and Expensive Art Sales
Investors looking for "the next big thing" in crypto have been piling into Gitcoin in late November 2021. This Ethereum token uses quadratic funding and other inventive means to fund and coordinate open-source development, according to Coinbase. The crypto still has a tiny market cap of about $300 million, even after shooting up 54% in a day, 167% in a week and 590% over the past year, as of Nov. 27, 2021.
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This article originally appeared onGOBankingRates.com:Shiba Inu and 9 More of the Biggest Hits in Crypto for 2021...
- 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.
|
41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52
|
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:**
['(Bloomberg) -- Tiger Global Management has raised more than $11 billion for its latest venture capital fund, and is targeting another billion dollars before its March close.\nMost Read from Bloomberg\n• Amazon Is Raising Base Salary Cap to $350,000 From $160,000\n• We’re Fine Without Facebook, German and French Ministers Say\n• Ottawa Declares Emergency as Protests Spin ‘Out of Control’\n• DOJ Seizes $3.6 Billion in Bitcoin Stolen in Bitfinex Hack\n• Byron Allen Says He’s Preparing Bid for NFL’s Denver Broncos\nThe Private Investment Partners 15 fund -- known as PIP 15 -- is on track to close with $12 billion, according to a person familiar with the matter, exceeding the initial fundraising target of $10 billion.\nPIP 15, which invests in internet technology startups in the U.S., China and India, is Tiger’s largest one yet, and follows several fundraises in recent years, each bigger than the one preceding it.\nThe firm’s $65 billion venture capital unit, led by Scott Shleifer, had raised $8.8 billion as of November with about $1.5 billion of that coming from employees, Bloomberg previously reported. By then it had already called about a third of the cash and started putting it to work.\nRead more: Tiger Global Raises $8.8 Billion in First Close of Biggest Fund\nA spokeswoman for Chase Coleman’s $100 billion firm declined to comment.\nThe Information earlier reported on the fundraising.\nMost Read from Bloomberg Businessweek\n• The Nuclear Industry Argues Regulators Don’t Understand New Small Reactors\n• Why the World Needs China’s Covid-Zero Policy\n• The Rise of the $2.5 Billion Ugly-Shoe Empire\n• New Airline Bets You’ll Stop in Alaska for a Cheaper Flight to Asia\n• Nurses Who Faced Lawsuits for Quitting Are Fighting Back\n©2022 Bloomberg L.P.', '(Bloomberg) -- Tiger Global Management has raised more than $11 billion for its latest venture capital fund, and is targeting another billion dollars before its March close. Most Read from Bloomberg Amazon Is Raising Base Salary Cap to $350,000 From $160,000 We’re Fine Without Facebook, German and French Ministers Say Ottawa Declares Emergency as Protests Spin ‘Out of Control’ DOJ Seizes $3.6 Billion in Bitcoin Stolen in Bitfinex Hack Byron Allen Says He’s Preparing Bid for NFL’s Denver Broncos The Private Investment Partners 15 fund -- known as PIP 15 -- is on track to close with $12 billion, according to a person familiar with the matter, exceeding the initial fundraising target of $10 billion. PIP 15, which invests in internet technology startups in the U.S., China and India, is Tiger’s largest one yet, and follows several fundraises in recent years, each bigger than the one preceding it. The firm’s $65 billion venture capital unit, led by Scott Shleifer, had raised $8.8 billion as of November with about $1.5 billion of that coming from employees, Bloomberg previously reported. By then it had already called about a third of the cash and started putting it to work. Read more: Tiger Global Raises $8.8 Billion in First Close of Biggest Fund A spokeswoman for Chase Coleman’s $100 billion firm declined to comment. The Information earlier reported on the fundraising. Most Read from Bloomberg Businessweek The Nuclear Industry Argues Regulators Don’t Understand New Small Reactors Why the World Needs China’s Covid-Zero Policy The Rise of the $2.5 Billion Ugly-Shoe Empire New Airline Bets You’ll Stop in Alaska for a Cheaper Flight to Asia Nurses Who Faced Lawsuits for Quitting Are Fighting Back ©2022 Bloomberg L.P.', '(Bloomberg) -- Toshiba Corp. will build a new 300-millimeter wafer fabrication plant for power semiconductors that will more than double its production capacity by March 2025, the company announced Friday. Most Read from Bloomberg Amazon Is Raising Base Salary Cap to $350,000 From $160,000 We’re Fine Without Facebook, German and French Ministers Say Byron Allen Says He’s Preparing Bid for NFL’s Denver Broncos DOJ Seizes $3.6 Billion in Bitcoin Stolen in Bitfinex Hack Ottawa Declares Emergency as Protests Spin ‘Out of Control’ Construction of the new facility in Ishikawa Prefecture in western Japan will take place in two phases, the company said. When the first phase is fully operational, Toshiba’s power semiconductor capacity will be 2.5 times larger than in fiscal 2021. Toshiba will invest about 100 billion yen ($870 million) to build the facility, the Nikkei newspaper reported earlier. The move comes as car and electronics makers struggle to procure even basic chips for routine tasks such as power management and wireless connectivity. TDK Corp. warned last month that shortages of components are unlikely to abate for the rest of this year, while console makers Sony Group Corp. and Nintendo Co. this week said they expect semiconductor and shipping challenges to persist. Nintendo Cuts Switch Outlook Again on Supply, Logistics Jam Vehicle electrification and the automation of industrial equipment are two major trends driving up demand for power-regulating chips, Toshiba said in its statement. It is targeting 100% reliance on renewable energy for the fab, it said. Toshiba said in September it was struggling to fulfill orders last year because of shortages of materials and output capacity. Despite investor concern that demand will evaporate after the pandemic-fueled frenzy for electronics, the company is confident that orders will keep growing rapidly enough to sell out all its production lines for years to come. Toshiba Warns Power-Chip Supply to Stay Tight for Another Year Story continues The announcement comes shortly before Toshiba is due to brief investors on its business strategies next week as it tussles with activist shareholders over the future of the company. The company said in November that it plans to split into three firms as a way to create value for shareholders. But one major stock holder has publicly questioned the plan, while another leading investor has called on Toshiba to rebuild trust with shareholders after years of scandals and corporate governance issues. Most Read from Bloomberg Businessweek Why the World Needs China’s Covid-Zero Policy The Nuclear Industry Argues Regulators Don’t Understand New Small Reactors Why Airbus Is Canceling Orders From Qatar Airways, One of Its Best Customers 100 Million Americans Can Legally Bet on the Super Bowl. Sports Will Never Be the Same The Rise of the $2.5 Billion Ugly-Shoe Empire ©2022 Bloomberg L.P.', '(Bloomberg) -- Toshiba Corp. will build a new 300-millimeter wafer fabrication plant for power semiconductors that will more than double its production capacity by March 2025, the company announced Friday.\nMost Read from Bloomberg\n• Amazon Is Raising Base Salary Cap to $350,000 From $160,000\n• We’re Fine Without Facebook, German and French Ministers Say\n• Byron Allen Says He’s Preparing Bid for NFL’s Denver Broncos\n• DOJ Seizes $3.6 Billion in Bitcoin Stolen in Bitfinex Hack\n• Ottawa Declares Emergency as Protests Spin ‘Out of Control’\nConstruction of the new facility in Ishikawa Prefecture in western Japan will take place in two phases, the company said. When the first phase is fully operational, Toshiba’s power semiconductor capacity will be 2.5 times larger than in fiscal 2021. Toshiba will invest about 100 billion yen ($870 million) to build the facility, the Nikkei newspaper reported earlier.\nThe move comes as car and electronics makers struggle to procure even basic chips for routine tasks such as power management and wireless connectivity. TDK Corp. warned last month that shortages of components are unlikely to abate for the rest of this year, while console makers Sony Group Corp. and Nintendo Co. this week said they expect semiconductor and shipping challenges to persist.\nNintendo Cuts Switch Outlook Again on Supply, Logistics Jam\nVehicle electrification and the automation of industrial equipment are two major trends driving up demand for power-regulating chips, Toshiba said in its statement. It is targeting 100% reliance on renewable energy for the fab, it said.\nToshiba said in September it was struggling to fulfill orders last year because of shortages of materials and output capacity. Despite investor concern that demand will evaporate after the pandemic-fueled frenzy for electronics, the company is confident that orders will keep growing rapidly enough to sell out all its production lines for years to come.\nToshiba Warns Power-Chip Supply to Stay Tight for Another Year\nThe announcement comes shortly before Toshiba is due to brief investors on its business strategies next week as it tussles with activist shareholders over the future of the company.\nThe company said in November that it plans to split into three firms as a way to create value for shareholders. But one major stock holder has publicly questioned the plan, while another leading investor has called on Toshiba to rebuild trust with shareholders after years of scandals and corporate governance issues.\nMost Read from Bloomberg Businessweek\n• Why the World Needs China’s Covid-Zero Policy\n• The Nuclear Industry Argues Regulators Don’t Understand New Small Reactors\n• Why Airbus Is Canceling Orders From Qatar Airways, One of Its Best Customers\n• 100 Million Americans Can Legally Bet on the Super Bowl. Sports Will Never Be the Same\n• The Rise of the $2.5 Billion Ugly-Shoe Empire\n©2022 Bloomberg L.P.', "Investment companySavior LLC(Current Portfolio) buys Invesco DWA Emerging Markets Momentum ETF, ETCT EMQQ The Emerging Markets Internet and Ecomme, Adaptive Alpha Opportunities ETF, Pacer Benchmark Industrial Real Estate SCTR ETF, Compass EMP US Small Cap High Dividend 100 Volatil, sells First Trust Energy AlphaDEX Fund, ProShares Short 20+ Year Treasury, ProShares Short QQQ, Procter & Gamble Co, PIMCO Enhanced Short Maturity Active Exchange-Trad during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Savior LLC. As of 2021Q4, Savior LLC owns 203 stocks with a total value o
**Last 60 Days of Bitcoin's Closing Prices:**
[50582.62, 50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-04
**Financial & Commodity Data:**
- Gold Closing Price: $1806.60
- Crude Oil Closing Price: $92.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $719,704,063,488
- Hash Rate: 172445464.54596007
- Transaction Count: 247946.0
- Unique Addresses: 651781.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.20
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin’s slump from November’s all-time high ishurting the shares of the crypto mining companies, but might nevertheless be positive for them because it will deter new entrants, investment bank Jefferies wrote.
• When bitcoin’s price continues to drop, smaller miners with higher electricity costs often reduce their operations, which will probably help publicly listed North American miners pick up “meaningful” market share, analyst Jonathan Petersen said in a note.
• “A slower growth trajectory for BTC price should encourage fewer new entrants to the network than if BTC’s price were to rise rapidly (i.e. 3Q21), allowing existing mining operators to grow their market share more quickly as they deploy additionalASICs,” Petersen wrote, referring to high performance mining computers.
• Bitcoin’s price has fallen about 39% since reaching its all-time high in November, while the network’s hashrate has continued its increase, reaching a record above 200 exahash per second (EH/s) on Jan. 1.
• On Monday,bitcoin fell below $40,000 for the first time since September 2021. Goldman Sachs said it expects the Fed to raise borrowing costs at least four times by the end of the year compared with a previous forecast of three rate hikes.
• Crypto mining stocks such as Marathon Digital, Riot Blockchain, Hive Blockchain and Hut 8 have all declined more than 4% on Monday.
Read more:Crypto Miners Are Better Investments Than Bitcoin Even After Sell-Off: Analysts...
- Reddit Posts (Sample): [['u/Forgetaboutthelonely', 'anti-feminism is necessary for gender equality.', 55, '2022-02-04 00:29', 'https://www.reddit.com/r/TrueUnpopularOpinion/comments/sjxtr1/antifeminism_is_necessary_for_gender_equality/', 'While this isn\'t an unpopular opinion in men\'s gender advocacy. it is an unpopular opinion in general. I hope that\'s OK. \n\nBut essentially. being against feminism is necessary for gender equality. This is a pretty long post. So I\'m going to divide it into four main categories. \n\n***\nFeminist theory and underlying beliefs\n***\nMisleading feminist statistics to reinforce said beliefs\n***\nInnate human biases that feminist advocacy weaponizes. \n***\naddressing the "true scotsman"\n***\n\n**Feminist theory and underlying beliefs**\n\nTo get into the first section. To quote a popular post on the subject \n\nBecause the foundational views of feminism and it\'s most influential advocates are anti-male in their nature. \n\n All forms of Feminism hold the following premises as self-evident: \n \n* Society is Male Dominated\n \n* Male dominance privileges men over women\n \n* While some men can sometimes be harmed by this system, the system itself is set up to privilege men and subjugate women for mens express benefit.\n \n* Men are in power and the system operates to benefit and serve mens\' needs, drives, and interests at the expense of womens\' needs, drives, and interests.\n \nThis could be described as "class warfare between men and women, with men winning".\n \nIf these are true, then society is this way because men want it to be so. Since society is (supposedly) male dominated and serves to benefit mens\' needs drives and interests, the subjugation of women must be in-keeping with mens\' inclinations. \n \nTherefore, it is in-keeping with mens inclinations to oppress, subjugate, beat, rape, and violate women, including their own mothers, sisters, daughters, wives, girlfriends, and every other women they claim to "love". If a man does not do these things to the women in his life, he is complicit and tacitly supporting the system that allows other men to do this to the women in his life. \n \nWomen, being the subjugated class, cannot be held accountable for this, in the same way one cannot hold slaves accountable for their own slavery, even if they perpetuate the system through their actions and personal beliefs.\n \nFurther, even the immense influence a mother has over her child - one that shapes and moulds the child\'s adult personality, values, and sense of belonging - has been unable to raise men that won\'t oppress them. Women are singularly incompetent in the face of male monstrosity. And men are foolish too, because they leave their offspring in the care of those who are seen as lessers.\n\n***\n**Misleading feminist statistics that reinforce these beliefs**\n \nThe information needed to confirm this belief of male monstrosity is often brought out by feminist academics injecting their bias into their methodology. and creating and disseminating inaccurate statistics.\n\nTwo such excellent examples of where this has happened are in the areas of rape and domestic violence. On the topic of the feminist approach to domestic violence. We have the Duluth model. \n\nthe Duluth Model is the most common batterer intervention program used in the United States. (it\'s also the basis for a number of other programs across the world) \n\nThe **feminist theory** underlying the Duluth Model is that men use violence within relationships to exercise power and control.\n\nHowever, Ellen Pence (the creator) herself has written,\n\n>"By determining that the need or desire for power was the motivating force behind battering, we created a conceptual framework that, in fact, did not fit the lived experience of many of the men and women we were working with. The DAIP staff [...] remained undaunted by the difference in our theory and the actual experiences of those we were working with [...] It was the cases themselves that created the chink in each of our theoretical suits of armor. Speaking for myself, I found that many of the men I interviewed did not seem to articulate a desire for power over their partner. Although I relentlessly took every opportunity to point out to men in the groups that they were so motivated and merely in denial, the fact that few men ever articulated such a desire went unnoticed by me and many of my coworkers. Eventually, we realized that we were finding what we had already predetermined to find."[22]\n\nThis is further debunked by Professor Murray A. Straus. who is best known for creating the conflict tactics scale, the "most widely used instrument in research on family violence"\n\nIn the following study \n\n[Thirty Years of Denying the Evidence on Gender Symmetry in Partner Violence: Implications for Prevention and Treatment](https://www.researchgate.net/publication/233717660_Thirty_Years_of_Denying_the_Evidence_on_Gender_Symmetry_in_Partner_Violence_Implications_for_Prevention_and_Treatment)\n\nIt summarizes results from more than 200 studies that have found gender symmetry in perpetration and in risk factors and motives for physical violence in martial and dating relationships. It also summarizes research that has found that most partner violence is mutual and that self-defense explains only a small percentage of partner violence by either men or women. The second part of the article documents seven methods that have been used to deny, conceal, and distort the evidence on gender symmetry (Often by feminist groups) Now. On top of this being more recent evidence. \n\nWe have also known about this as far back as the first domestic violence shelter. founded in 1971. By Erin Pizzey. \n\nWho had the same findings as Straus and all of the studies he cites. But she was chased out of her home and country with bomb threats from feminists when she expressed interest in opening a similar shelter for men\n\nNow. Let\'s move on to rape. \n\nFeminists are also responsible for stopping male victims of female rapists from being recognized in [India](https://archive.is/5bP77), [Israel](https://m.jpost.com/Israel/Womens-groups-Cancel-law-charging-women-with-rape), [Nepal] (https://kathmandupost.com/national/2020/12/11/ordinance-amends-law-on-rape-but-fails-to-recognise-rape-of-boy-child-and-sexual-minorities) and [the USA](https://recalculatingthegenderwar.tumblr.com/post/119784319421/influential-rape-researcher-mary-koss-claims-male)\n\nNow, Let\'s focus on that last one.\n\nFor statistical reporting, rape has been carefully defined as forced penetration of the victim in most of the world. You should listen to this feminist professor Mary P Koss explain that a woman raping a man isn\'t rape. Hear her explain in her own voice just a few years ago - https://clyp.it/uckbtczn. I encourage you to listen to what she is saying. (Really. Listen to it! Think about it from a man\'s perspective.)\n\nShe is considered the foremost expert on sexual violence in the US. And is an advisor to the CDC, FBI, Congress, and researchers around the world and promoting the idea that men cannot be raped by women.\n\nThat is where most people get the idea rape is just a man on woman crime. Men are fairly rarely penetrated and it is almost always by another man. This also means that all of those stories you hear about a female teacher raping their underage students, according to the official government rape statistics, are not rape.\n\nBUT [if being made to penetrate someone was counted as rape—and why shouldn’t it be?—then the headlines could have focused on a truly sensational CDC finding: that women rape men as often as men rape women.](https://archive.is/jZ85Y#selection-1073.16-1073.217)\n\nWhen you actually do the work to include male victims. The idea of "patriarchy" and male monstrosity towards women evaporates. \n\nSo why is it that the idea still endures? Well aside from the notion that feminist academics are building their entire careers on the backs of these beliefs and as such have a vested interest in continuing to propagate them. there\'s \n***\n\n**Innate human biases that feminist advocacy weaponizes.**\n\nFeminist advocacy also weaponizes a number of innate and studied human biases that subconsciously push us to promote women\'s protection and their issues over men. Human beings are a gynocentric species – this means that we prioritize the needs and wellbeing of women over men. This is an evolved instinct that came about as a result of women being the limiting factor in reproduction – ie. women have a much lower ceiling on how many offspring they can physically produce – and in small communities that are subsisting this makes them highly important because they potentially hold the key to whether or not the collective will survive at all. This is why we traditionally send only men to war, this is why we have the “women and children first” Birkenhead Drill, this is why people are more likely to put themselves at risk to save a woman in danger than a man – and it’s why we have feminism. Feminism has taken our gynocentrism and weaponized it.\n\nAnd here are some studies to reaffirm that.\n\n* [Men lack an in-group bias based on gender](https://archive.vn/AHfJo)\n* [Men are more willing to sacrifice men than women](https://archive.ph/kf6f2)\n* [Men and women have a negative reaction to studies that show sex differences favouring men. But positive reaction for the opposite.](https://www.researchgate.net/publication/334751470_Reactions_to_Male-Favouring_vs_Female-Favouring_Sex_Differences_A_Preregistered_Experiment_and_Southeast_Asian_Replication)\n* [Stereotypes have changed over time and now more people think women are superior to men than the other way around.](https://www.apa.org/pubs/journals/releases/amp-amp0000494.pdf)\n* [Men are more likely to be altruistic to women than to men.](https://link.springer.com/article/10.1023/A:1020583425623)\n* [People are particularly concerned when men are v...
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.
|
41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92
|
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:**
['There was plenty of news across Connecticut on Friday. If you missed any of it on your local Patch, here\'s a roundup of some of the most-read stories. Man Attempts To Rob Wendy\'s With A ‘Machete’: Police A man reportedly entered the restaurant, brandished "what was described as a machete," and demanded money, police said. >>>Read More. Security Guard Shot In Face At YMCA: Police The security guard was found bleeding from his face, and a man is accused of shooting him with a pepper spray gun, police said. >>>Read More. Woman Falls Through Ice At Pond A woman and her dogs found themselves in a precarious situation Friday. >>>Read More. CT COVID-19 Hospitalizations & Infections Continue Downward Trend The number of hospitalized coronavirus patients in Connecticut has dropped to 785, down 84 beds overnight, according to health officials. >>>Read More. Liquor Store Sues To Stop High Competitor Owner attempts to squelch new booze-dispensing competition. >>>Read More. Settlement Cuts Dumper A 90% Break Paradise owner must abide by terms of settlement to see additional fines disappear. >>>Read More. Company To Bring 180 Jobs To Connecticut The company will be relocating positions to the city. >>>Read More. Resident Loses Over $26,000 In Bitcoin Scam: Police Police said the resident was told he would need to set up an encrypted bank account and purchase Bitcoin. >>>Read More. Middle School Closed Until \'It\'s Deemed Safe\': GPS Superintendent of Greenwich Public Schools Dr. Toni Jones announced the closure Friday, citing structural safety concerns. >>>Read More. Other top stories: Lamont Announces Website For Hate Crimes Advisory Council BOE Urged To Reconsider Program, Bring In Students Scammer Posing As Police; Targeting Doctors, Cops Say Ribbon Cut At New Restaurant Caroline Simmons Resumes Mayoral Duties The Patch community platform serves more than 100 communities all across Connecticut in Fairfield, New Haven, Middlesex, New London, Hartford, Tolland, and Litchfield counties. Thank you for reading. This article originally appeared on the Across Connecticut Patch', 'There was plenty of news across Connecticut on Friday. If you missed any of it on your local Patch, here\'s a roundup of some of the most-read stories. Man Attempts To Rob Wendy\'s With A ‘Machete’: Police A man reportedly entered the restaurant, brandished "what was described as a machete," and demanded money, police said. >>>Read More. Security Guard Shot In Face At YMCA: Police The security guard was found bleeding from his face, and a man is accused of shooting him with a pepper spray gun, police said. >>>Read More. Woman Falls Through Ice At Pond A woman and her dogs found themselves in a precarious situation Friday. >>>Read More. CT COVID-19 Hospitalizations & Infections Continue Downward Trend The number of hospitalized coronavirus patients in Connecticut has dropped to 785, down 84 beds overnight, according to health officials. >>>Read More. Liquor Store Sues To Stop High Competitor Owner attempts to squelch new booze-dispensing competition. >>>Read More. Settlement Cuts Dumper A 90% Break Paradise owner must abide by terms of settlement to see additional fines disappear. >>>Read More. Company To Bring 180 Jobs To Connecticut The company will be relocating positions to the city. >>>Read More. Resident Loses Over $26,000 In Bitcoin Scam: Police Police said the resident was told he would need to set up an encrypted bank account and purchase Bitcoin. >>>Read More. Middle School Closed Until \'It\'s Deemed Safe\': GPS Superintendent of Greenwich Public Schools Dr. Toni Jones announced the closure Friday, citing structural safety concerns. >>>Read More. Other top stories: Lamont Announces Website For Hate Crimes Advisory Council BOE Urged To Reconsider Program, Bring In Students Scammer Posing As Police; Targeting Doctors, Cops Say Ribbon Cut At New Restaurant Caroline Simmons Resumes Mayoral Duties The Patch community platform serves more than 100 communities all across Connecticut in Fairfield, New Haven, Middlesex, New London, Hartford, Tolland, and Litchfield counties. Thank you for reading. This article originally appeared on the Across Connecticut Patch', 'The Stats It was a particularly busy week on the economic calendar in the week ending 4 th February. A total of 76 stats were monitored, following 57 stats in the week prior. Of the 76 stats, 39 came in ahead forecasts, with 30 economic indicators coming up short of forecasts. 7 stats were in line with forecasts in the week. Looking at the numbers, 29 of the stats reflected an upward trend from previous figures. Of the remaining 47 stats, 44 reflected a deterioration from previous numbers. For the Greenback, it was back into the red after two weekly gains. In the week ending 4 th February, the Dollar Spot Index slid by 1.84% to end the week at 95.485. In the week prior, the Index had rallied by 1.70% to 97.270. Out of the U.S Manufacturing PMI and ADP nonfarm payrolls were in focus early in the week. It was a weak set of numbers, with the ISM Manufacturing PMI falling from 58.8 to 57.6 and the ADP reporting a 301k fall in nonfarm payrolls. On Thursday, initial jobless claims fell from 261k to 238k in the week ending 28 th January. Service sector PMI figures were weaker, however, with the ISM Non-Manufacturing PMI falling from 62.3 to 59.9. The main even of the week, was the release of January’s nonfarm payrolls on Friday. Nonfarm payrolls increased by 467k following a 510k rise in December. In spite of the increase, the unemployment rate rose from 3.9% to 4.0%, as the participation rate climbed from 61.9% to 62.2%. Out of the UK It was another quiet week on the economic data front, with finalized private sector PMIs for January in Focus. The numbers were mixed. In January, the services PMI rose from 53.6 to 54.1, while the manufacturing PMI fell from 57.9 to 57.3. As a result, the composite PMI increased from 53.6 to 54.2. While the stats drew interest, the Bank of England monetary policy decision was the main event of the week. In line with market expectations, the Bank raised rates by 25 basis points to 0.50%. In the week, the Pound rose by 0.97% to end the week at $1.3531. The Pound had fallen by 1.12% to $1.3401 in the week prior. Story continues The FTSE100 ended the week down by 0.67%, reversing a 0.37% loss from the previous week. Out of the Eurozone It was a particularly busy week for the EUR. Key stats included inflation, private sector PMIs, and German retail sales and factory order numbers. Prelim inflation figures for January continued to defy the ECB’s transitory view. The Eurozone’s annual rate of inflation picked up from 5.0% to 5.1% in January. Private sector PMIs were mixed, with service sector activity impacted by the Omicron strain, while manufacturing sector activity accelerated. In January, the Eurozone’s Manufacturing PMI rose from 58.0 to 58.7, while the services PMI declined from 53.1 to 51.1. As a result, the Composite PMI fell from 53.3 to 52.3 in January. Economic data from Germany did impress in the week, however. A bounce back in private sector activity was accompanied by a fall in the unemployment rate and sharp increase in factory orders. While the stats provided direction, it was a hawkish ECB that sent the EUR to $1.14 levels in the week. For the week, the EUR jumped by 2.67% to $1.1449. In the week prior, the EUR had fallen by 1.70% to $1.1151. The DAX slid by 1.43%, with the CAC40 and the EuroStoxx600 ending the week down by 0.21% and by 0.73% respectively. For the Loonie It was a relatively quiet week, with GDP and employment figures the key stats. The stats were skewed to the negative, with the Canadian economy growing at a slower pace in November. Employment figures had a greater impact, however. In January, Canada’s unemployment rate rose from 6.0% to 6.5% as a result of a 200.1k fall in employment in the month.\xa0 Employment had risen by 78.6k in December. In the week ending 4 th February, the Loonie rose by 0.10% to C$1.2757 against the Greenback. In the week prior, the Loonie had fallen by 1.50% to C$1.2770. Elsewhere It was a bullish week for the Aussie Dollar and the Kiwi Dollar . The Aussie Dollar rose by 1.20% to $0.7072, with the Kiwi Dollar rallying by 1.30% to end the week at $0.6633. For the Aussie Dollar Retail sales, business confidence, and trade data were the key stats for the week. The stats were skewed to the negative, with retail sales tumbling by 4.4% and Australia’s trade surplus narrowing. On the positive, however, was a jump in business confidence in the 4 th quarter, delivering support. While the stats were negative, the RBA ended its bond purchasing program as a result of better-than-expected progress towards full employment and the pickup in inflationary pressure. On cash rates, however, the RBA held back from any suggestions of a near-term rate hike, pegging the Aussie Dollar back from stronger gains in the week. For the Kiwi Dollar Trade and employment figures were the key stats in the week, with the stats Kiwi Dollar positive. In December, New Zealand’s trade deficit narrowed from NZ$1,060m to NZ$477m, with the unemployment rate falling from 3.3% to 3.2% in Q4. For the Japanese Yen Finalized private sector PMIs, industrial production, and retail sales were the key stats for the week. The stats were skewed to the negative, with industrial production on the slide in December and the services sector contracting in January. Retail sales rose by 1.4%, following a 1.9% increase in November. Economists had forecast a 2.7% jump in sales, however. The Japanese Yen ended the week flat at ¥115.260 against the U.S Dollar. In the week prior, the Yen had fallen by 1.39% to ¥115.260. Out of China There were no major stats for the markets to consider, with the markets closed for the Lunar New Year. In the week ending 28 th January, the Chinese Yuan declined by 0.35% to CNY6.3612. In the week prior, the Yuan had ended the week up by 0.
**Last 60 Days of Bitcoin's Closing Prices:**
[50700.09, 50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-05
**Financial & Commodity Data:**
- Gold Closing Price: $1806.60
- Crude Oil Closing Price: $92.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $788,045,318,856
- Hash Rate: 157888391.82261464
- Transaction Count: 258646.0
- Unique Addresses: 673249.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto –
Dave Portnoy, founder and CEO of sports and pop culture blog Barstool Sports, bought 29.5 bitcoins for $1.1 million on Friday, returning to a market he once said he did not “trust.”
This storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto...
- Reddit Posts (Sample): [['u/muaddibz', 'I posted this yesterday on the r/Cryptocurrency subreddit and got banned!', 19, '2022-02-05 00:08', 'https://www.reddit.com/r/CryptoMarkets/comments/skradn/i_posted_this_yesterday_on_the_rcryptocurrency/', "Ok.. so yesterday I tried to warn them that we were due for a big push.. I know I can be a bit of a dick the way I speak but really I was just trying to drop some knowledge. So many people been posting nonsense and I get it.. a lot of people are holding bags way beyond what they should be and letting their emotions get the upper hand. it's been a rough year. Not only did they remove my post.. but they banned me too! It was pretty satisfying to wake up to the charts this morning not going to lie.. I just hope that you didn't panic sell on that dip.. I managed to buy back in around midnight.\n\nFrom now on, I will post my hot takes here.\n\nHere is the link if you want to watch the bitcoin chart mentioned. [https://www.youtube.com/watch?v=hCM7h2\\_\\_mVA](https://www.youtube.com/watch?v=hCM7h2__mVA)\n\n&#x200B;\n\nhttps://preview.redd.it/2j6rokvndwf81.png?width=768&format=png&auto=webp&s=4fd214efa94c86b6eb2d3755b1057d3669299c00", 'https://www.reddit.com/r/CryptoMarkets/comments/skradn/i_posted_this_yesterday_on_the_rcryptocurrency/', 'skradn', [['u/[deleted]', 28, '2022-02-05 00:23', 'https://www.reddit.com/r/CryptoMarkets/comments/skradn/i_posted_this_yesterday_on_the_rcryptocurrency/hvmnuxq/', "Can't speak on behalf of the mods, but if I were to take a guess it was removed because you misunderstand and misuse a lot of terms and your post doesn't contain any meaningful data, just what seems to be a shill of a YT link.", 'skradn'], ['u/entropen', 10, '2022-02-05 00:50', 'https://www.reddit.com/r/CryptoMarkets/comments/skradn/i_posted_this_yesterday_on_the_rcryptocurrency/hvmrnbu/', "I'm starting to see why you got banned.", 'skradn']]], ['u/Xitobandito', 'What exchange should I use for large purchases?', 25, '2022-02-05 00:38', 'https://www.reddit.com/r/BitcoinBeginners/comments/skrzoq/what_exchange_should_i_use_for_large_purchases/', 'Originally I was using cashapp because it lets me buy up to $10000 daily, but it only lets me send $2000 worth of my Bitcoin to my wallet everyday and the fees are quite high. So I moved to Coinbase pro but it only lets me deposit $1000 from my bank into my account daily. fees are a lot lower but this is kind of a nuisance… I suppose it’s good for DCA but what if I wanted to buy $20k of btc in one day? Any suggestions?', 'https://www.reddit.com/r/BitcoinBeginners/comments/skrzoq/what_exchange_should_i_use_for_large_purchases/', 'skrzoq', [['u/AlienPearl', 10, '2022-02-05 10:32', 'https://www.reddit.com/r/BitcoinBeginners/comments/skrzoq/what_exchange_should_i_use_for_large_purchases/hvoifrz/', 'This are my current limits on Kraken:\n\nCash deposits: $100.000.00/day\n\nCash withdrawals: $100.000.00/day\n\nCrypto deposits: Unlimited\n\nCrypto withdrawals: $500.000.00/day\n\nI only had to verify my account with my passport and show my electricity bill as proof of address.', 'skrzoq']]], ['u/Chuchobinar', 'What was the first time you ran into someone who knew safemoon like? Like unprompted', 36, '2022-02-05 00:40', 'https://www.reddit.com/r/SafeMoon/comments/sks0zy/what_was_the_first_time_you_ran_into_someone_who/', 'So I started at Amazon on Wednesday, and I\'ve been with 2 other newbies and we were taking our second break today and crypto came up.\n\nThe other guy brought up he had litecoin, and how he regretted not listening to his friend in 2016 about buying bitcoin, you know usual crypto talk. When all of the sudden, he then says, "My buddy has a safemoon sticker on his car and told me \'don\'t get me started on safemoon.\'" \n\nIt was my first time safemoon came up from someone else. Usually I tell people and they either are like 1) what is it or 2) it\'s a shitcoin\n\nThought it would be a fun thing for the sub', 'https://www.reddit.com/r/SafeMoon/comments/sks0zy/what_was_the_first_time_you_ran_into_someone_who/', 'sks0zy', [['u/Ecstatic-Abrocoma-73', 13, '2022-02-05 00:56', 'https://www.reddit.com/r/SafeMoon/comments/sks0zy/what_was_the_first_time_you_ran_into_someone_who/hvmskt4/', 'My neighbour saw my SafeMoon sticker On My car and came to my house and asked me if I hold Safemoon.', 'sks0zy']]], ['u/CeramicDrip', 'Any features you wish existed on Celsius?', 28, '2022-02-05 01:06', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/', 'I personally wish we could choose what coin we wanna earn in. Id love to earn only in bitcoin or eth.', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/', 'sksn1l', [['u/II-o_o-II', 26, '2022-02-05 01:12', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/hvmup9m/', 'Also it would be cool to be able to convert dust to CEL or something, like crypto.com lets you do (to CRO in that case)', 'sksn1l'], ['u/Scarboroughwarning', 42, '2022-02-05 01:27', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/hvmwrd3/', 'Fiat on ramp/off ramp', 'sksn1l'], ['u/fubag', 12, '2022-02-05 01:45', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/hvmz8vp/', 'Holy shit yes please ach fee free', 'sksn1l'], ['u/waving_dice', 20, '2022-02-05 02:03', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/hvn1mbp/', "I'd like an automatic DCA feature. Basically configure Celsius to automatically buy for me a small amount of BTC each week using my stablecoin balance.", 'sksn1l'], ['u/BTC-LTC', 13, '2022-02-05 02:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/hvn5qsm/', 'Earn in stablecoins such as USDC 🙏', 'sksn1l'], ['u/MostlyPseudonymous', 20, '2022-02-05 03:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/sksn1l/any_features_you_wish_existed_on_celsius/hvn99ck/', "It would be lovely if there was some sort of function to exchange one coin for another coin in app, without having to withdraw them first. We could call it 'swaps' or something. \n\nProbably too radical.", 'sksn1l']]], ['u/WCEncinares', 'Influencers', 52, '2022-02-05 01:49', 'https://www.reddit.com/r/SafeMoon/comments/sktljz/influencers/', 'Only thing I hate about the influencers is that they’re using their Safemoon following to advertise other crypto projects that they got in earlier on—such as Drip, Celsius, etc.. I didn’t subscribe to hear about other projects, only Safemoon. Otherwise I would have only invested in Bitcoin/ETH. Not saying we should only invest into 1 project, but when you ONLY got the subscribers BECAUSE of Safemoon, why do you think the audience wants to hear about other projects. 🤷\u200d♂️\n\nSeems like the only people I listen to now is Darkmoon Tim and After Dark (sometimes Safemoon Joe but he hypes too much, lol)', 'https://www.reddit.com/r/SafeMoon/comments/sktljz/influencers/', 'sktljz', [['u/ElChapusero', 12, '2022-02-05 01:57', 'https://www.reddit.com/r/SafeMoon/comments/sktljz/influencers/hvn0r51/', 'Yeah they suck, Joe always yelling like a damn kid...Arjay calling himself my captain, my ass! Adam Berg was legit but he turned his hustle toward his audience and that was that for me...Tim and Atlas are the only ones I listen to now', 'sktljz'], ['u/Shortstacker69', 15, '2022-02-05 02:15', 'https://www.reddit.com/r/SafeMoon/comments/sktljz/influencers/hvn37fw/', 'I like Joe, he’s got good intentions, but goddamn I just can’t listen to him anymore. He’s got too much saliva in his mouth, it just grosses me out. \n\nAdam has zero patience or self awareness. The guy literally flips shit on YouTube and Twitter at the drop of a dime.', 'sktljz']]], ['u/danvanvo', 'Shib Is My Retirement', 428, '2022-02-05 02:19', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/', 'I missed out on Doge when it was .004. \n\nI missed out on Bitcoin because I thought it would go to zero when it was trading around $100. \n\nNow, I’m all in with Shib. Either retirement or working till I’m 70’s. 😀\n\n#1centdreamShib baby!!!\n\nLet’s do this!!', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/', 'sku9ri', [['u/Lavieestbelle31', 59, '2022-02-05 02:24', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/hvn4dar/', 'Same here!\nI will also donate some to St Judes children hospital and the bowery mission', 'sku9ri'], ['u/danvanvo', 15, '2022-02-05 02:34', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/hvn5ogh/', 'You are a good person. 🙏. As for me, I will donate a small percentage to my favorite charities. Good luck to us.', 'sku9ri'], ['u/Acrobatic_Mode817', 12, '2022-02-05 02:34', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/hvn5ov1/', "I feel bad for posts like these. Not quite cringe, but I just genuinely feel sorry when I read these things.\n\nAnd it's not the retirement part....it's the .01 cultist beliefs.", 'sku9ri'], ['u/danvanvo', 12, '2022-02-05 02:47', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/hvn7ak1/', 'You’re thinking about MC right? Where were we in crypto few years ago? 4-6 hundred billions? Last year more than $2 Trillions invested in crypto. \n\nCurrently only 4% of the population invested or know anything about crypto This number will grow so will MC.', 'sku9ri'], ['u/[deleted]', 31, '2022-02-05 02:57', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/hvn8kg8/', 'Scared money don’t make money', 'sku9ri'], ['u/OobaDaBooba', 22, '2022-02-05 03:05', 'https://www.reddit.com/r/SHIBArmy/comments/sku9ri/shib_is_my_retirement/hvn9nng/', 'St judes will be getting some from me as well \n\nI feel like a lot of people will donate to them and...
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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42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20
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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:**
['The U.S continues to grab the crypto news headlines as crypto friendly states push cryptocurrency adoption. At the turn of the year, however, the push comes amidst heightened regulatory scrutiny. Crypto Friendly States, Mayors, and CityCoins There’s been plenty of news coverage on U.S politicians and cryptos in recent months. At the start of the year, New York City Mayor Eric Adams confirmed that he would take his first 3 pay checks in Bitcoin ( BTC ). Former cop Adams had touted the idea before taking office. Later in the month, Adams took his first pay check amidst an extended crypto sell-off that saw Bitcoin tumble by more than 50% from its November ATH $68,979. Eric Adams joined Miami City Mayor Suarez and Tampa Mayor Jane Castor, both of whom also had announced last year that they would take Bitcoin salaries. In the U.S, the Cities of Miami and New York are among the more advanced when it comes to cryptos. Back in June 2021 the City of Miami launched its very own MiamiCoin , which became the first CityCoins to market. CityCoins provides citizens a medium to generate crypto-based revenue. Powered by Stacks ( STX ), CityCoins enables smart contracts on the Bitcoin network. CityCoin miners receive CityCoins token rewards by depositing STX into smart contracts. 70% of all STX tokens deposited into the smart contract go to the stackers. The remaining 30% goes to City Wallets. City Wallets are considered a crypto equivalent of a city’s treasury. Mayors can exchange the accrued tokens for fiat to invest in the city. Alternatively, mayors can mine with the accrued STX tokens to earn Bitcoin. Following Miami City was New York City that then launched its very own NewYork Coin ( NYC Coin ). Regulatory Scrutiny a Test for Pro-Crypto Politicians While Miami and New York are crypto friendly, lawmakers on Capitol Hill have a different position on cryptos and crypto mining. Last month, a U.S Congress subcommittee hearing focused on Bitcoin (BTC) mining and the environment. Lawmakers held a negative view on Proof-of-Work (PoW) mining, Bitcoin and the environmental impact. While the hearing was a fact-finding mission, the general view was that Proof-of-Stake was a better solution. Since the hearing, a recent paper by CoinShares questioned Bitcoin the accuracy of mining statistics shared during the hearing. Story continues Following the hearing, the White House then announced the imminent release of an Executive Order tasking agencies with the regulation of cryptos as a matter of national security. Heightened regulatory scrutiny has been a factor in Bitcoin and the broader crypto market’s sell-off since late November. More downside could result should there be a material shift in the crypto regulatory landscape. A number of regulators from around the world, including the Bank of England , have called for a global regulatory framework. In spite of recent crypto market volatility, U.S politicians continue to forge ahead on their crypto goals. Florida to Receive State Fees in Crypto Late in the week, Florida Governor Ron DeSantis reportedly continued his support of Florida businesses being permitted to pay state fees in crypto. The Governor had proposed a program to let businesses pay state fees in digital currencies late last year. According to the news piece, DeSantis highlighted that South Florida has seen an inflow of people due to the State’s crypto friendly stance. With Miami City paving the way and Florida Governor DeSantis in favor of crypto adoption, success of the program may well hinge on the White House and its aspirations vis-à-vis crypto regulation and adoption. Punitive regulatory activity could force businesses to steer clear of cryptos near-term. A more pragmatic approach to regulate cryptos, however, could see more U.S states support crypto adoption. This article was originally posted on FX Empire More From FXEMPIRE: Bitcoin (BTC) Consolidates Friday’s Breakout with a $41,000 Hold E-mini Dow Struggling with 34932 – 35380 Retracement Zone NASDAQ-100 Strengthens Over 14917.25, Weakens Under 14811.25 Natural Gas Drops and Finishes the Week in the Red Silver Prices Consolidate After Strong Gains in Payrolls Florida to go Ahead and Receive State Fees in Crypto', 'The U.S continues to grab the crypto news headlines as crypto friendly states push cryptocurrency adoption. At the turn of the year, however, the push comes amidst heightened regulatory scrutiny.\nThere’s been plenty of news coverage on U.S politicians and cryptos in recent months. At the start of the year, New York City Mayor Eric Adamsconfirmedthat he would take his first 3 pay checks in Bitcoin (BTC). Former cop Adams had touted the idea before taking office. Later in the month, Adams took his first pay check amidst an extended crypto sell-off that saw Bitcoin tumble by more than 50% from its November ATH $68,979.\nEric Adams joined Miami City Mayor Suarez and Tampa Mayor Jane Castor, both of whom also had announced last year that they would take Bitcoin salaries.\nIn the U.S, the Cities of Miami and New York are among the more advanced when it comes to cryptos. Back in June 2021 the City of Miamilaunchedits very ownMiamiCoin, which became the first CityCoins to market.\nCityCoins provides citizens a medium to generate crypto-based revenue. Powered by Stacks (STX), CityCoins enables smart contracts on the Bitcoin network. CityCoin miners receive CityCoins token rewards by depositing STX into smart contracts. 70% of all STX tokens deposited into the smart contract go to the stackers.\nThe remaining 30% goes to City Wallets. City Wallets are considered a crypto equivalent of a city’s treasury. Mayors can exchange the accrued tokens for fiat to invest in the city. Alternatively, mayors can mine with the accrued STX tokens to earn Bitcoin.\nFollowing Miami City was New York City that then launched its very own NewYork Coin (NYC Coin).\nWhile Miami and New York are crypto friendly, lawmakers on Capitol Hill have a different position on cryptos and crypto mining.\nLast month, a U.S Congress subcommitteehearingfocused on Bitcoin (BTC) mining and the environment. Lawmakers held a negative view on Proof-of-Work (PoW) mining, Bitcoin and the environmental impact. While the hearing was a fact-finding mission, the general view was that Proof-of-Stake was a better solution. Since the hearing, a recentpaperby CoinShares questioned Bitcoin the accuracy of mining statistics shared during the hearing.\nFollowing the hearing, the White House thenannouncedthe imminent release of an Executive Order tasking agencies with the regulation of cryptos as a matter of national security.\nHeightened regulatory scrutiny has been a factor in Bitcoin and the broader crypto market’s sell-off since late November. More downside could result should there be a material shift in the crypto regulatory landscape. A number of regulators from around the world, including theBank of England, have called for a global regulatory framework.\nIn spite of recent crypto market volatility, U.S politicians continue to forge ahead on their crypto goals.\nLate in the week, Florida Governor Ron DeSantisreportedlycontinued his support of Florida businesses being permitted to pay state fees in crypto. The Governor hadproposeda program to let businesses pay state fees in digital currencies late last year.\nAccording to the news piece, DeSantis highlighted that South Florida has seen an inflow of people due to the State’s crypto friendly stance.\nWith Miami City paving the way and Florida Governor DeSantis in favor of crypto adoption, success of the program may well hinge on the White House and its aspirations vis-à-vis crypto regulation and adoption. Punitive regulatory activity could force businesses to steer clear of cryptos near-term. A more pragmatic approach to regulate cryptos, however, could see more U.S states support crypto adoption.\nThisarticlewas originally posted on FX Empire\n• Bitcoin (BTC) Consolidates Friday’s Breakout with a $41,000 Hold\n• E-mini Dow Struggling with 34932 – 35380 Retracement Zone\n• NASDAQ-100 Strengthens Over 14917.25, Weakens Under 14811.25\n• Natural Gas Drops and Finishes the Week in the Red\n• Silver Prices Consolidate After Strong Gains in Payrolls\n• Florida to go Ahead and Receive State Fees in Crypto', 'Following Friday’s 11.41% surge, Bitcoin (BTC) held onto $41,000 levels on Saturday. Finding support at $41,000, with a dip to a day low $40,963, was key on the day.\nLast week’s tech stock rout and late in the week rebound contributed to Bitcoin’s change in fortunes. A number of negative factors for Bitcoin and the broader crypto market remain, however. These include a likely shift in the global crypto regulatory landscape, increased scrutiny of Proof-of-Work mining, FED monetary policy, and geopolitical risk.\nOn Saturday, Bitcoin slipped by 0.41% to end the day at $41,418. An early high $41,954 saw Bitcoin test resistance at $42,000 before easing back into a relatively range-bound session.\nIn spite of Bitcoin’s modest pullback on Saturday, theBitcoin Fear & Greed Indexcontinued its upward trend.\nHaving moved out of the red zone on Friday, for the first time since late December, the Index rose to 37/100 this morning. This is the highest level since 28thDecember, when the Index had stood at 41/100.\nA continued uptrend towards 50/100 would support a Bitcoin move back through to $50,000 levels.\nWith the news wires on the quieter side this weekend, technical indicators will remain key for the day ahead.\nAt the time of writing, Bitcoin was up by 0.35% to $41,564. Avoiding a fall back through the day’s $41,445 pivot would support a run at Saturday’s high $41,954 and $42,000 levels. The first major resistance level sit at $41,927. A breakout through to $42,000 levels would then bring the second major resistance level at $42,436 and $43,000 into play. Bitcoin had last sat at $43,000 levels back on 20thJanuary.\nA fall back through the day’s pivot would bring the f
**Last 60 Days of Bitcoin's Closing Prices:**
[50504.80, 47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2022-02-06
**Financial & Commodity Data:**
- Gold Closing Price: $1806.60
- Crude Oil Closing Price: $92.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $786,144,120,656
- Hash Rate: 206979740.54057044
- Transaction Count: 219196.0
- Unique Addresses: 569036.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.37
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Earlier today, we talked about regulatory risk . Governments across the world continue to fret over the crypto market and the continued risk that it poses to global financial market stability. While fretting, however, some governments have a lucrative source of funds available to fund government initiatives. Such initiatives would include the battling cybercriminals. U.S Government Confiscates in Excess of $1bn in Crypto Value While governments and central banks continue to explore launching their very own digital currencies, the U.S government sees a marked increase crypto seizure. The timing this year could not have been better, with Bitcoin (BTC), Ethereum (ETH), and a number of other crypto majors hitting new all-time highs. After seizing cryptos, the U.S government auctions off the cryptos. Recently, according to the news wires, the U.S government has taken on help to assist in managing the storage and sale of its crypto seizures. A Lucrative Fight Against Cybercrime With help on hand, the U.S government is now expecting to see a marked increase in crypto seizures. This is largely as a result of a continued rise in cybercrimes. While criminals have become more sophisticated, the U.S government has caught up and may have become even more sophisticated. According to reports, the U.S Marshals Service has reportedly seized and auctioned off more than 185,000 BTC, with an estimated value of $8.6bn. According to the Director of the IRSs cybercrime unit, Jarod Koopman, total crypto seizures reached $700m in 2019. In the current year to August, however, seizures have hit $1.2bn. Based on the current run rate the U.S government could have as much as $1.6bn to fight cybercrime. This will only grow next year. With more funds to take on cybercriminals this can only result in even more seizures. Where the funds go is less clear, with the U.S government able to redirect money to government chosen initiatives. Keeping the IRS cybercrimes unit well equipped and trained would likely be a top priority, however, when considering the rise in crimes and seizures. Story continues This article was originally posted on FX Empire More From FXEMPIRE: Why Micron Stock Is Up By 9% Today Silver Price Forecast Silver Markets Give Up Early Gains Bitcoin and Ether Spike Higher Amid Profit Taking, LUNA Enters Top 10 Silver Price Daily Forecast Another Test Of Resistance At $22.60 S&P 500 Price Forecast Stock Market Hanging Just Below 50 Day EMA EUR/USD Price Forecast Euro Floundering...
- Reddit Posts (Sample): [['u/[deleted]', 'Bitcoin.', 21, '2022-02-06 00:26', 'https://www.reddit.com/r/conspiracy/comments/sljvhr/bitcoin/', 'Is Bitcoin a scam? A conspiracy? \nI just can’t swallow the fact that it just turned up out of the blue one day, no person responsible for creating it yet no one cares. All the people don’t give a fuck as long as the price only goes up. To think it’s not controlled by a few in power is crazy.', 'https://www.reddit.com/r/conspiracy/comments/sljvhr/bitcoin/', 'sljvhr', [['u/Madeupaccountcuzshy', 20, '2022-02-06 00:29', 'https://www.reddit.com/r/conspiracy/comments/sljvhr/bitcoin/hvr6yqe/', 'I mean it\'s been around for 13 years. It "just showed up" one day cuz someone invented the code for it. Everything "just shows up" one day....\n\nAs for the value.... People ascribe value to many weird things. Be it paintings, baseball cards, chicken nuggets in the shape of Jesus.... everything is only worth what someone is willing to pay.', 'sljvhr'], ['u/henhousefox', 17, '2022-02-06 00:31', 'https://www.reddit.com/r/conspiracy/comments/sljvhr/bitcoin/hvr7562/', 'That’s the beauty of it. An anonymous group solved the people vs the banks problem and had to unleash it that way in order to remain decentralized. It’s very likely THE way to unshackle us from our masters control of our currency. The free market clearly is choosing crypto more each day. It COULD be some powerful force, but too long of a con when these people can just perform nefarious acts right in plain view. Crypto has the ability to more level the playing feed for humans and hopefully it does. There’s much more to it.', 'sljvhr'], ['u/outrageousinsolence', 13, '2022-02-06 00:32', 'https://www.reddit.com/r/conspiracy/comments/sljvhr/bitcoin/hvr7cni/', 'Normalization and advertising for centralized digital currency.', 'sljvhr'], ['u/3point0bro', 10, '2022-02-06 00:39', 'https://www.reddit.com/r/conspiracy/comments/sljvhr/bitcoin/hvr8a1p/', 'All these people were late… lol', 'sljvhr'], ['u/displaybeats', 12, '2022-02-06 01:00', 'https://www.reddit.com/r/conspiracy/comments/sljvhr/bitcoin/hvrb21c/', 'What you seem to fail at understanding is actually really simple;\n\nIt’s does not matter how or why Bitcoin was created, it is now completely decentralised, immutable and censorship resistant. It can not and will not be stopped via government interference, regulations etc.\n\nThis is the exact opposite of a government with ill intentions would want people to have access to.', 'sljvhr']]], ['u/elaeda', 'If fiat no longer existed, how would product be priced?', 20, '2022-02-06 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/sll124/if_fiat_no_longer_existed_how_would_product_be/', 'I see a lot of crypto fans talk about the day that fiat doesn’t exist. But I’m confused. How will we know the “worth” of a coin if we can’t compare it to fiat? If a coin can swing in worth by 5-10% in a single day, how would products be priced? Would prices need to be constantly updated to reflect the worth of crypto? Would shop keepers accept any crypto or would it be hard to do conversions between them? Say a car is priced at 1 Bitcoin, how do we know what that will be in dogecoin? Will we have to start relying on calculators at the grocery store to do conversions from one crypto to another? Will people not accept coins based on investment strategy? Will paying in shibu be like paying in pennies?', 'https://www.reddit.com/r/CryptoCurrency/comments/sll124/if_fiat_no_longer_existed_how_would_product_be/', 'sll124', [['u/Jaarloso', 16, '2022-02-06 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/sll124/if_fiat_no_longer_existed_how_would_product_be/hvrepcs/', "Instead of FIAT, cryptos would be compared to BTC, ETH or whatever crypto will become the global standard. Just as now there are trading pairs with btc for almost every alt.\n\nAlso, just as FIAT money don't have intrinsic value, but only the one we all agree on, the same can be applied to cryptos i guess.", 'sll124']]], ['u/redpillfinance', 'The BBC’s ‘The Decade The Rich Won', 106, '2022-02-06 01:23', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/', 'Did anyone see episodes 1 and 2?\n\nThe TD;LR is that the global economy never really recovery post 2008. Interest rates were kept low by Central Banks and QE resulted in huge asset inflation - causing greater wealth inequality. \n\nObviously, since COVID, it’s been QE on steroids. I just wondered what peoples thoughts are on asset prices for the next decade? \n\nWill interests rates remain low - perhaps Central Banks rising them a tad to deal with pesky inflation? You would assume in this scenario that this would just continue the pattern of increased asset inflation. \n\nPersonally, I can’t see Central Banks meaningfully raising rates - if rates rose to more normal levels, surely people would move money out of riskier assets for a more stable return - thereby causing The Everything Bubble to pop?\n\nI’d be interested to hear everyone’s thoughts on the above.\n\nEdit: very interesting thread. Can I add one tweak? Based on your opinion of the effects of QE, how will you be investing going forward? And why? \n\nMe personally: DCA into Global All Cap, more leverage with my mortgage. Potentially some gold and Bitcoin.', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/', 'sll36a', [['u/Captlard', 73, '2022-02-06 01:30', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/hvrevxf/', 'No idea about the future of asset prices, but I don’t think the politicians (in general) nor central banks have the general population as a top priority. I might be jaded, but in my mind, it helps them that everyone is struggling, labour prices are low and so on. As always, be a conscious consumer, aim to earn more when possible and save a reasonable amount, whilst enjoying the journey of life.', 'sll36a'], ['u/can_i_get_some_help', 72, '2022-02-06 08:29', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/hvsby2m/', "As you say, QE has caused huge asset inflation which the central bank and govt have shown zero interest in managing.\n\nInterest rates are rising but only due to price inflation in household expenditure. However this is counterintuitive as this price inflation is caused by factors outside of exaggerated consumer pressure - world energy prices, brexit, covid etc. Taking money out of people's pockets by making debt more expensive doesn't fix this.\n\nI don't think rates will go up significantly as rising them would cause way more problems than they solve - govt and personal debt becomes more expensive, rents continue to rise as BTLers seek to maintain profits, economy tanks as less money circulates due to reduced spending. Taxes would have to go up across the board so govt can continue to service it's committments, or it takes out more debt but now at a higher rate. Debt to GDP ratio would rise with unknown consequences.\n\nThe cynic in me says the govt is perfectly happy to have high inflation with stationary wages to reduce the relative size of govt debt, reduce public sector wages and make the UK 'cheaper' in the eyes of the world. This would be a long term strategy though and very bad news for people on ordinary incomes in the short to medium term.\n\nRealistically wages have to go up to prevent widespread immiseration - no matter what that chump at the BofE says.", 'sll36a'], ['u/Spiffy_guy', 16, '2022-02-06 08:49', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/hvsdiof/', "I don't know why central banks get so much stick for lowering rates and QE - had they not done this at the time we would have been stuck in a 1930s scenario. \n\nSure there's been wealth inequality created. However, is it the job of the central bank to sort that out? ...or government? Problem is that on the one hand central banks were trying to lower rates, meanwhile a government elected in on austerity was cutting back its debt and counteracting that. \n\nCentral banks did all they could within their mandate. Wealth inequality is a bad thing but addressing that is more the job of an elected government!", 'sll36a'], ['u/Jager720', 12, '2022-02-06 09:52', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/hvsierg/', "You've picked two specific dates of a very specific index to reflect all assets there. \n\nLet's look at the S&P 500 over the last two years:\n\nDecember 27th 2019 (so before the Match '20 crash) - 3240 \n\nToday (February 5th 2022 - after the covid crash and this January's correction) - 4500\n\nFor reference, the S&P was at about 1400 in December 1999 - also worth noting that was the peak just before the dot-com crash. So it's grown 321% over the last 22 years, and 138% in the last 2 years alone. \n\nThat doesn't sound like asset price increases to you? \n\nTry looking at the price history for some other assets - oil, houses, used cars etc.", 'sll36a'], ['u/Relative_Sea3386', 16, '2022-02-06 09:57', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/hvsism1/', "Once upon a time savers put money in a bank and it'd compound interest 5% a year", 'sll36a'], ['u/Captlard', 10, '2022-02-06 11:14', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/hvsogxz/', 'Sure. It is common sense and there no need to disparage a group of people though. They might have many reasons for saving cash: expensive purchase coming up, about to gift the money, unsure about the tack the economy may take or simple uncomfortable / not knowledgeable about what to invest in.', 'sll36a'], ['u/Interesting_Bird_997', 10, '2022-02-06 11:35', 'https://www.reddit.com/r/FIREUK/comments/sll36a/the_bbcs_the_decade_the_rich_won/hvsq0sz/', "He's not disparaging people. He's just talking facts. We don't get educated about money in schools that is why we all don...
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.
|
43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86
|
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:**
['Good morning. Here’s what’s happening:\nMarket moves:Bitcoin moved little on light weekend volume, while prices of gaming tokens spiked.\nTechnician\'s take:Bitcoin attempts to break downtrend; faces resistance toward $45K.\nCatch the latest episodesofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis.\nBitcoin (BTC): $42,420 +2.04%\nEther (ETH): $3,036 +0.64%\nTop Gainers\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+13.1%", "Sector": "Smart Contract Platform"}, {"Asset": "Ethereum Classic", "Ticker": "ETC", "Returns": "+5.1%", "Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.0%", "Sector": "Smart Contract Platform"}]\nTop Losers\n[{"Asset": "Internet Computer", "Ticker": "ICP", "Returns": "\\u22125.3%", "Sector": "Computing"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.3%", "Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.9%", "Sector": "Smart Contract Platform"}]\nS&P 500: 4,500 +0.5%\nDJIA: 35,089 -.06%\nNasdaq: 14,089 +1.5%\nGold: $1,807 +0.1%\nBitcoin (BTC) moved little on Sunday after another weekend with light volume, while tokens associated with gaming saw a price bump.\nAt the press time, the oldest cryptocurrency is changing hands at$42,420, up 2.04%in the past 24 hours, according to CoinDesk data. Ether, the second-biggest cryptocurrency by market capitalization, isup 0.64%to$3,036in the same time period.\nAccording to data compiled by CoinDesk, bitcoin’s trading volume across major centralized exchanges on the weekend was down significantly from Friday, but in line with most weekdays in the past week. Spot trading volume was reduced over the past week, as major crypto markets in Asia were off for the Lunar New Year holidays.\nIn the broader cryptocurrency market, gaming tokens rallied over the weekend, while the majority of the market remained quiet. At the time of writing, data from Messari shows the price of gala (GALA), axie infinity (AXS) and decentraland (MANA) were up by double-digit percentages in the past 24 hours.\nBitcoin Attempts to Break Downtrend; Faces Resistance Toward $45K\nBitcoin (BTC) buyers were active over the past 24 hours as the cryptocurrency topped $40,000 for the first time in two weeks. Upside momentum is improving after technical indicators reached the most oversold levels since March 2020.\nBuyers will need to make a decisive move above $40,000 in order to reverse the price downtrend since the November peak around $69,000. Over the past few months, brief rallies have been capped below resistance levels, which means sellers have been in control.\nOver the short term, however, bitcoin could see additional upside, especially because the relative strength index (RSI) is not overbought on the daily chart. The next level of resistance is around $45,000, which could stall the current rally.\nBitcoin\'s price will need to remain above $37,000 over the weekend in order to signal the start of a recovery phase. Still, significant price gains are unlikely if negative momentum signals are confirmed on the monthly chart.\nTechnical confirmation requires at least two consecutive daily or weekly price closes above or below a major support/resistance level. When gains or losses are carried over into the following trading session it may reflect conviction among buyers and sellers, leading to more reliable price targets.\n8 a.m. HKT/SGT (12 a.m. UTC): Australia TD Securities estimated inflation (Dec. YoY)\n9:45 a.m. HKT/SGT (1:45 a.m. UTC): China (Caixin) purchasing managers index (Jan.)\n1 p.m. HKT/SGT (5 a.m. UTC): Japan leading economic index (Dec. prel.)\n3 p.m. HKT/SGT (7 a.m. UTC): U.K. Halifax home prices (Jan./3 mos./YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nUS Economy Added 467,000 Jobs in January, ‘Trust Machines’ Wants to Unlock Potentials of Bitcoin for Web3\n"First Mover" hosts spoke with Stacks Protocol contributor Muneeb Ali as he launches Trust Machines, an ecosystem of applications to unlock potential of bitcoin for Web 3. Former National Basketball Association all-star and serial entrepreneur Baron Davis is launching "More Than Us Venture Studio" to develop, drop new non-fungible token (NFT) collections to empower underrepresented communities. Plus, market insights from Peter Marber, chief investment officer and head of emerging markets at Aperture Investors.\nTron’s Justin Sun Accused of ‘Governance Attack’ on DeFi Lender Compound:Crypto think tank GFX Labs says a prominent whale may be attempting to swing a vote in his favor.\nCrypto Miner Merkle Among First to Get Bitmain’s Newest Liquid Cooling Mining Rigs:Merkle will receive 4,449 S19 Pro+ Hydro’s from Bitmain in May.\nUS Treasury Department Warns of NFT Risk in Art-Related Money Laundering:High-value art is particularly vulnerable to money laundering. The rapid growth of the NFT market presents new issues, according to a new study.\nNike and Hermès File Lawsuits for Trademark Infringement as Fashion Collides With NFTs:The sportswear brand says online sneaker reseller StockX is “blatantly freeriding” on its trademark. The luxury brand wants to stop the sale of MetaBirkins.\nMyanmar\'s Military Government Plans Digital Currency Launch: Report:The country\'s shadow government said in December it will accept tether as official currency.\nCalling a Hack an Exploit Minimizes Human Error:After the Wormhole event, it\'s worth asking about crypto\'s reliance on and trust in code.\nToday\'s crypto explainer:What Is a Perpetual Swap Contract?\nOther voices:Why are there now so many bitcoin trading firms?(The Times of London)\n"Our high level philosophy is that, in a democratic society, the people and their elected officials should decide what behavior is allowed and not allowed by setting laws. We think it sets a dangerous precedent when tech companies, such as Coinbase, or their executives start making judgment calls on difficult societal issues, acting as judge and jury. This approach sounds simple in theory, but in practice it is anything but." (Coinbase CEO Brian Armstrong) ... "That is, in betting on a digital monetary future, the financial authorities of the world’s second-most populous nation are joining those of other nations to hasten the arrival of a multi-currency international monetary system – whether they want that outcome or not. In that world, cryptocurrencies will inevitably occupy a key place." (CoinDesk Chief Content Officer Michael Casey) ... "It’s a massive theft by any sane standard – if it had been an old-fashioned bank robbery, it would have been the second largest of all time. But in crypto, it’s only the fourth-largest hack in a single brief decade. Some argue these recurring hacks are part of a learning process on the way to better security, though at this point it’s starting to feel more like an inevitable risk, just the cost of doing crypto business." (CoinDesk columnist David Z. Morris) ... "But overall the job market is strong, particularly in the face of omicron. It\'s hard to find a weak spot in this report." (Charles Schwab Chief Fixed Income Strategist Kathy Jones to CNBC).', 'Good morning. Here’s what’s happening:\nMarket moves:Bitcoin moved little on light weekend volume, while prices of gaming tokens spiked.\nTechnician\'s take:Bitcoin attempts to break downtrend; faces resistance toward $45K.\nCatch the latest episodesofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis.\nBitcoin (BTC): $42,420 +2.04%\nEther (ETH): $3,036 +0.64%\nTop Gainers\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+13.1%", "Sector": "Smart Contract Platform"}, {"Asset": "Ethereum Classic", "Ticker": "ETC", "Returns": "+5.1%", "Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.0%", "Sector": "Smart Contract Platform"}]\nTop Losers\n[{"Asset": "Internet Computer", "Ticker": "ICP", "Returns": "\\u22125.3%", "Sector": "Computing"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.3%", "Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "\\u22120.9%", "Sector": "Smart Contract Platform"}]\nS&P 500: 4,500 +0.5%\nDJIA: 35,089 -.06%\nNasdaq: 14,089 +1.5%\nGold: $1,807 +0.1%\nBitcoin (BTC) moved little on Sunday after another weekend with light volume, while tokens associated with gaming saw a price bump.\nAt the press time, the oldest cryptocurrency is changing hands at$42,420, up 2.04%in the past 24 hours, according to CoinDesk data. Ether, the second-biggest cryptocurrency by market capitalization, isup 0.64%to$3,036in the same time period.\nAccording to data compiled by CoinDesk, bitcoin’s trading volume across major centralized exchanges on the weekend was down significantly from Friday, but in line with most weekdays in the past week. Spot trading volume was reduced over the past week, as major crypto markets in Asia were off for the Lunar New Year holidays.\nIn the broader cryptocurrency market, gaming tokens rallied over the weekend, while the majority of the market remained quiet. At the time of writing, data from Messari shows the price of gala (GALA), axie infinity (AXS) and decentraland (MANA) were up by double-digit percentages in the past 24 hours.\nBitcoin Attempts to Break Downtrend; Faces Resistance Toward $45K\nBitcoin (BTC) buyers were active over the past 24 hours as the cryptocurrency topped $40,000 for the first time in two weeks. Upside momentum is improving after technical indicators reached the most oversold levels since March 2020.\nBuyers will need to make a decisive move above $40,000 in order to reverse the price downtrend since the November peak around $69,000. Over the past few months, brief rallies have been capped below resistance levels, which means sellers have been in control.\nOver the short term, however, bitcoin could see additional upside, especially because the relative stren
**Last 60 Days of Bitcoin's Closing Prices:**
[47672.12, 47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-07
**Financial & Commodity Data:**
- Gold Closing Price: $1820.60
- Crude Oil Closing Price: $91.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $800,597,895,921
- Hash Rate: 180443876.3687024
- Transaction Count: 262034.0
- Unique Addresses: 660755.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Twig, a London-based fintech targeting Gen Z and younger millennial consumers with an e-money account that gives them instant cash-outs on fashion and electronics they want to sell, has closed a $35 million Series A round of funding.
The investment is led by U.K.-based fintech specialist, Fasanara Capital, with additional backing from a number of undisclosed strategic investors which Twig says include current and former executives from LVMH, Valentino and Goldman Sachs, among others.
The startup was only founded in mid 2020 -- launching its service in the U.K. last July -- but it touts rapid domestic growth (100,000+ monthly downloads of its apps; reaching sixth position in the iOS App Store's top finance apps); and is already gearing up for international expansion.
The Series A is pegged for launching in the U.S. (slated for Q1 this year) and the EU (Q2; where it's eyeing Italy, France and Germany for starters), as well as expanding the product's capabilities and feature-set with a focus on the buzz around web3 and digital collectables.
For now, Twig accounts are only available in the U.K. Founder and CEO Geri Cupi tells TechCrunch it has around 250,000 users at this stage.
He adds that the typical user is a 22-year-old, recently graduated professional female -- perhaps with a bunch of stuff in her wardrobe that she's outgrown and would be happy to resell.
Vinted raises $303M for its 2nd-hand clothes marketplace, used by 45M and now valued at $4.5B
Growth via user referrals looks likely to have helped fuel its early rise, given Twig charges users a £1 transfer fee for users to send money to a third-party account but there's no fee if you transfer from one Twig account to another.
It's also worth noting that despite having a marketing slogan which paints itself as "your bank of things", Twig is not actually a bank; rather a Twig account is an "e-money account" -- so there are key regulatory differences (such as Twig accounts not being covered by the U.K.'s deposit guarantee scheme).
Not being a full fat bank means the startup can scale faster into new markets, with lighter regulatory requirements on the service than if it needed to obtain a banking licence. For now it's not in a hurry to turn into an actual bank, per Cupi.
In earlier decades, long before the internet- and open banking-fuelled fintech boom, legacy banks would pitch to get a new crop of school leavers signed up by offering freebies -- like bags, stationery, music or other offers. Now fintech startups compete to offer the most appealing feature mix to net a target youth demographic.
But it's fair to say that getting money into accounts remains a key aim.
That said, Twig is applying forB Corp certificationwhich emphasizes social purpose and environmental performance, as well as transparency and accountability -- Cupi says it's in the final stage of the application; it has pending status currently and he anticipates getting full status in Q1 -- while its PR pushes claims of sustainability and circularity, given that it's plugging users into selling (rather than binning) their branded goods.
Its website also talks up its use of carbon offsetting and other initiatives to shrink environmental impact.
Thing is, in order for humanity to avert climate catastrophe, major reductions in global CO2 emissions are required -- so, essentially, less consumption overall. Which does call into question the credibility of claims of "sustainability" being made to stretch around a concept of resale that risks fuelling increased consumption via instant valuations and cash outs, as Twig offers.
Selling a currently owned thing to free up cash might encourage the consumer to splash out and buy more new things than they otherwise would if they had held onto the original item for longer. Or, to put it another way, circularity needs to work hand in hand with longevity if it's to shrink consumption and actually reduce CO2 emissions. And it's not clear that reducing friction involved in reselling will lead to consumers buying less overall. On the contrary; it may do the opposite.
So that's one potential wrinkle in Twig's sustainability pitch.
However when we put this conundrum to Cupi he neatly irons it out -- deploying a (somewhat circular) argument which states that Twig's goal of increasing "liquidity" of secondhand things can work for sustainability and support reduced consumption by making more secondhand stuff available to buy -- thereby reducing demand for new stuff to be made as more items (re)circulate through this (more vibrant) secondary economy.
"Essentially our core business is we enable consumers to get paid for their old items and in the process we give a new life to their items -- and this increases supply in the secondary market at least," he says. "The demand in the secondary market has been growing and growing. The reason we can afford just to be on the supply side of the market is there is such a bigger need for extra supply right now in the market. And when consumers get hat extra cash it doesn't mean they're going to use it to buy more things.
"This is from what we've seen from our users. Typically from the funds that are being transferred to Twig we see that roughly 42% of them get used for new experiences -- that might be travelling, it might be... experience-led -- so it doesn't mean that if you increase liquidity you necessarily increase consumerization of things that have a negative impact on the environment. And that's what we've been seeing so far."
Cupi condenses Twig's business to a very simple pitch: "We tokenize assets."
"The way Twig works is you can upload -- let's say a Gucci Marmont handbag -- on the platform. And what Twig does is it tokenizes that asset and offers you a price for it," he explains.
"Our goal is to make this available externally as well. In that scenario blockchain becomes useful... We want to increase the liquidity of this asset and make it very easy for consumers to trade the physical goods for virtual goods and use the virtual goods to buy physical goods or experiences.
"So we just want to make it much easier for them to trade, essentially."
Cupi has a background in blockchain and the circular economy -- which has included, back in 2018,selling a denim upcycling business to Levi's Albania.
Physical items that resell well include fashion from brands like Nike, Gucci, Chanel, Hermes and other luxury makers, according to a Twigwhite paper-- which talks about "redefining the future of ownership" and "empowering Gen Z to live a circular lifestyle".
Apple electronics also hold their value well on the secondhand market, per Cupi -- who notes that after Twig added electronics to the secondhand items it'll buy, expanding out from buying fashion cast offs, its demographic shifted from over 90% female to around 70:30 female to male.
Twig takes care of the resale of pre-owned items for its users -- providing them with an instant valuation and (potentially) instant cash to spend on whatever they like if it's happy to buy the stuff they're selling. (It has a pretty specific list of what it will and won't buy.)
Shipping the goods to Twig is free for the user -- so by using its service they essentially skip the hassle and risk associated with manually selling their stuff on a second hand marketplace likeVintedorDepop. (Albeit, they may get less than if they sold the items themselves.)
If an item fails a quality check once it arrives at Twig's warehouse the user is charged a fee to return it to them (and presumably any instant payment they got for it is also reversed). While if Twig ends up being unable to sell an item it will try to ensure the item is upcycled or recycled. If it is unsuitable for either preferred option it donates the goods to charity rather than binning them to avoid sending stuff to landfill because that's bad for the environment.
Cupi says it's in a growth-focused phase at present so is not seeking to make chunky margin on resales.
The value it'll offer for an item varies, depending on various dynamic factors -- its white paper notes that it uses a "market-based pricing algorithm" to analyze more than 100 million products on the secondary market to provide "representative resale values for brands, item categories and market segments".
Etsy asks, ‘How do you do, fellow kids?’ with $1.6B Depop purchase
Core to its premise is that factoring in resale value changes the concept of total cost of ownership for the consumer -- which may have the power to shift buying patterns (it could, for example, encourage consumers to opt for high-end fashion to get value longevity over environmentally ruinous and low resale value fast fashion, say).
Combining bank-like functionality -- Twig accounts come with a Twig Visa debit card and include capabilities like the ability to make domestic and international money transfers -- with a baked-in secondhand goods resale service is a pitch tailor-made for the target Gen Z and younger millennial demographic which has shown a keen and growing interest in both the thrift and sustainability of secondhand marketplaces.
Twig's target demographic also explains its marketing being heavy on talk of environmental friendliness via circularity. ("Twig makes it easier and empowers you to adopt a more sustainable lifestyle," is one claim on its retro-graphic-heavy website.)
Gen Z especially has been dubbed thesustainability generation-- with these young consumers prioritizing "usage of goods over ownership", as Twig's white paper puts it.
So reimagining the function of a bank as an arbiter and exchange of resale value -- enabling consumers to turn all sorts of stuff into, essentially, quasi-currency to pay for other things they want to have or do (a sort of high tech reinvention of barter if you like) -- rather than as a literal store of financial value starts to look pretty interesting.
There's another sustainability wrinkle to tackle, though -- given how thoroughly blockchain is baked into what Twig's d...
- 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.
|
44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01
|
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:**
['Google boss Sundar Pichai confirmed last week the company is exploring crypto and blockchain potential.\nAs Alphabet (GOOGL), Google\'s parent company, announced its results with a record surge in advertising revenue pushing its market cap to $2tn ( £1.4tn), Pichai said: "We are definitely looking at blockchain, it’s such an interesting and powerful technology with broad applications."\nGoogle is making significant inroads into the crypto ecosystem as blockchain technology and the adoption of disintermediated (cutting out the middlemen) peer-to-peer transactions become more mainstream.\nPichai\'s announcement weighed in on how Google could add value to existing web3 innovations, saying that blockchain solutions are "something we want to support the best we can".\nGoogle plans to allow blockchain-based businesses to utilise their cloud computing services. They are also seeking to incorporate NFTs on their web platforms and are even contemplating cryptocurrency payments.\nRead more: ‘Netflix killers’:How crypto film start-ups are using the blockchain to disrupt Hollywood\nThe tech giant is following in the footsteps of other Silicon Valley companies that have already embraced web3, in an effort to catch up with the pioneers of the crypto-space.\nWith its slow initiative in seeing the potential of blockchain technology, Google does not have a first-mover advantage. In 2018 Google co-founder Sergey Brin took to the stage at a tech conference in Morocco and admitted his company has “failed to be on the bleeding edge” of the blockchain revolution.\nIt is now over a decade since Satoshi Nakamoto released theBitcoinWhite Paper, and, as this disruptive technology evolved, Google didn\'t make a move.\nHowever, on 27 January,Google Cloudannounced it was starting a new blockchain-based division, called the Digital Assets Team.\nThe announcement comes at a time of rapid web3 innovation and escalating cryptocurrency adoption among consumers, producers and merchants which could see cryptocurrency payments, artistic content as NFTs and distributed computing technology become the new norm.\nAccording to John Kicklighter, the chief strategist at DailyFX, Google’s move into crypto is a way for it to "establish critical traction" in this burgeoning, competitive space. He said the company could be seeking to affirm its presence before the arrival of regulatory frameworks that could stifle growth.\nMajor players in finance and technology have a headstart in the sector, including IBM (IBM), Microsoft (MSFT), Facebook (FB), Goldman Sachs (GS) and Amazon (AMZN).\nRead more:Can you live in London for 24hrs using only bitcoin?\nKicklighter told Yahoo Finance UK that multinational corporations like Google are “moving quickly in an effort to establish traction not just to establish a competitive advantage in this burgeoning area of tech, but they are also pushing forward to establish critical traction before slow-moving regulation stifles growth”.\nHe said the recent announcements from Google show that the tech leaders are seeking to establish “material progress in these areas before governments spool up their ability to push back against an aggressive crackdown”.\nKicklighter said: “The scrutiny will be more intense on Google should the early investment not pay off quickly, but the company has a history of investing in projects for the long-term, sometimes with outsized returns.”\nIn last Thursday’s announcement, Google appealed to distributed-ledger-based companies and explained how they could deploy theirblockchainnodes “on the cleanest cloud in the industry”.\nThe internet search behemoth plans to participate in the crypto-ecosystem by helping blockchain developers scale up their businesses using Google’s “secure, and sustainable infrastructure”.\nThe company said it will support the validation of data transfers, cryptocurrency transactions and digital assets like NFTs in a way that allows scalability whilst maintaining speed of settlement.\nHowever, cryptocurrency fundamentalists may point out that deploying blockchain nodes on Google Cloud does not constitute a decentralised network if those nodes are all maintained by one corporation.\nA network’s level of centralisation is difficult to define. Emiliano Billi, chief technology officer at Kollectiff, said: “If all the nodes of a particular blockchain are in Google Cloud we can start talking about centralism, but that kind of centralism can only affect the layer of computational power, not what happens inside that blockchain.\n“True centralism occurs when only one entity controls the majority of the mining process, confirms transactions and validates blocks. But, in this case, Google Cloud rents the service to different final users."\nRead more:Bitcoin: Top 10 \'buy the dip\' investors\nThe Google Cloud announcement name-dropped blockchain-based companies that they are already working with, such as Dapper Labs, Hedera and Theta Labs.\nYolande Piazza, vice-president of financial services at Google Cloud, said: "Just as open-source developments were integral to the early days of the internet, blockchain is yielding innovation and value creation for consumers and businesses.\n"As the technology becomes more mainstream, companies will need scalable, secure infrastructure on which to grow their businesses and support their networks."\nGoogle has also planned to integrateNFTson YouTube, which contributes nearly 11% to the company’s overall revenue.\nIn a letter published last month, YouTube CEO Susan Wojcicki said: “We’re always focused on expanding the YouTube ecosystem to help creators capitalise on emerging technologies, including things like NFTs.”\nShe said the platform was using web3 innovation “as a source of inspiration,” specifically calling out cryptocurrencies, decentralised autonomous organisations (DAOs), and NFTs as areas of interest.\nRead more:Non-fungible tokens: What are NFTs and why are they creating such a stir?\nStephen Tse, co-founder of Harmony One, told Yahoo Finance UK that this would open the company up "to an entirely new consumer base, shifting the public’s perception of what is possible for web2 companies, allowing them to evolve with emerging technology”.\nGoogle Cloud said they were “exploring opportunities in the future to enable customers to make and receive payments using cryptocurrencies”. This was interpreted by some as a bullish signal for the world’s premiercryptocurrencies, such as bitcoin (BTC-USD) and ethereum (ETH-USD).\nGoogle\'s statement added that Google Cloud would also host a full blockchain transaction history for bitcoin, ethereum, litecoin (LTC-USD), dogecoin (DOGE-USD) and other major crypto-tokens. The market reacted with a bounce that saw bitcoin pump 4.5% and ethereum up 12.3% in the last week.\nIn January, Google’s president of commerce Bill Ready reiterated the company’s crypto-intentions when he spoke to Bloomberg, saying crypto transactions remain “something we pay a lot of attention to, as user demand and merchant demand evolves, we’ll evolve with it”.\nRead more:Binance and Coinbase: How exchange-brokerages spread crypto gospel\nCrypto AMA host Andrew Forte said: “User demand and merchant demand have evolved and the strategic partnerships Google has established with Coinbase and BitPay identify its growth as a company in becoming more dominant in this emerging technology. Allowing users to have access to cryptocurrencies in digital cards, providing an alternative payment method aligns with the forethought in the creation of digital currencies."\nGoogle is currently trying to diversify away from advertising as its main source of revenue and become more prominent in other growing markets. The implementation of a Google Cloud blockchain division signals the company’s serious intention to influence the crypto-ecosystem with its combination of capital, computing expertise and political influence.\nHowever, Google may face challenges in the crypto-space, such as user anonymity, publicly accessible distributed ledgers, permissionless transactions and decentralised ownership of data and intellectual property.\nThe cryptocurrency revolution promises to make sweeping changes to the way society operates. This disruption comes in many forms, including decentralised finance (DeFi) and decentralised film (DeFilm).\nThe crypto-space has grown to the point where it can no longer be ignored. The World Economic Forum anticipates that 10% of the world’s GDP will be stored on blockchains by 2025.\nKlaus Schwab, executive chairman of the World Economic Forum, said that the world is on the verge of a fourth industrial revolution, and blockchain-based innovations will be a key ingredient in manifesting this dramatic change.\nThe potential of blockchain technology to power the digitisation of economics, bring smart automation and increased interoperability and connectivity are now being taken seriously by tech giants, including Google.', 'The crypto ecosystem could be the next step for Google,said Sundar Pichai, CEO of Google-owner Alphabet. Photo: Denis Balibouse/Reuters (Denis Balibouse / Reuters) Google boss Sundar Pichai confirmed last week the company is exploring crypto and blockchain potential. As Alphabet ( GOOGL ), Google\'s parent company, announced its results with a record surge in advertising revenue pushing its market cap to $2tn ( £1.4tn), Pichai said: "We are definitely looking at blockchain, it’s such an interesting and powerful technology with broad applications." Google is making significant inroads into the crypto ecosystem as blockchain technology and the adoption of disintermediated (cutting out the middlemen) peer-to-peer transactions become more mainstream. Pichai\'s announcement weighed in on how Google could add value to existing web3 innovations, saying that blockchain solutions are "something we want to support the best we can". Google plans to allow blockchain-based businesses to utilise their cloud computing services. Th
**Last 60 Days of Bitcoin's Closing Prices:**
[47243.30, 49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-08
**Financial & Commodity Data:**
- Gold Closing Price: $1826.60
- Crude Oil Closing Price: $89.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $828,564,225,250
- Hash Rate: 204326154.12338364
- Transaction Count: 276850.0
- Unique Addresses: 685310.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investment company Nikulski Financial, Inc. ( Current Portfolio ) buys NVIDIA Corp, InvenTrust Properties Corp, Innovator U.S. Equity Power Buffer ETF - October, PayPal Holdings Inc, Lowe's Inc, sells Invesco BulletShares 2021 Corporate Bond ETF, DraftKings Inc, ViacomCBS Inc, Alphabet Inc, SPDR Dow Jones Industrial Average ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Nikulski Financial, Inc.. As of 2021Q4, Nikulski Financial, Inc. owns 123 stocks with a total value of $238 million. These are the details of the buys and sells. New Purchases: NVDA, IVT, POCT, PYPL, LOW, BRK.B, EFA, PSEP, PMAR, Added Positions: VIG, IWF, SPHQ, QQQ, GSLC, MSFT, NEAR, VIGI, SPLV, JPST, CRM, DIS, V, ABBV, SPTM, MINT, COST, QUAL, HD, SPY, NOBL, TIP, VO, IJJ, IJH, IUSG, VTI, JPM, WMT, LMT, BSCO, SPSM, VTIP, VLUE, MCD, PFE, MA, SPLG, SCHE, VBR, MU, Reduced Positions: GLD, AAPL, PAPR, EEM, SOXX, IYC, IGN, IGM, SCHD, PJAN, IYW, IYT, IYJ, IYG, IGV, FB, BA, VXUS, DVY, TDOC, XLF, BSCM, ALL, ZBH, WM, KMB, CVX, BSCN, VTV, XLE, XLI, XLP, PJUL, STZ, PG, TJX, RTX, IJS, IIPR, RCL, Sold Out: BSCL, DKNG, VIAC, GOOG, DIA, Warning! GuruFocus has detected 10 Warning Signs with ED. Click here to check it out. NEAR 15-Year Financial Data The intrinsic value of NEAR Peter Lynch Chart of NEAR For the details of Nikulski Financial, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/nikulski+financial%2C+inc./current-portfolio/portfolio These are the top 5 holdings of Nikulski Financial, Inc. Vanguard Dividend Appreciation FTF ( VIG ) - 96,657 shares, 6.97% of the total portfolio. Shares added by 4.27% Apple Inc ( AAPL ) - 83,058 shares, 6.19% of the total portfolio. Shares reduced by 2.09% Amazon.com Inc ( AMZN ) - 3,068 shares, 4.29% of the total portfolio. Shares added by 0.69% iShares Core S&P Small-Cap ETF (IJR) - 72,469 shares, 3.48% of the total portfolio. Shares reduced by 0.49% iShares Russell 1000 Growth ETF (IWF) - 25,708 shares, 3.30% of the total portfolio. Shares added by 7.76% Story continues New Purchase: InvenTrust Properties Corp (IVT) Nikulski Financial, Inc. initiated holding in InvenTrust Properties Corp. The purchase prices were between $5.03 and $27.97, with an estimated average price of $24.1. The stock is now traded at around $26.970100. The impact to a portfolio due to this purchase was 0.15%. The holding were 13,029 shares as of 2021-12-31. New Purchase: NVIDIA Corp (NVDA) Nikulski Financial, Inc. initiated holding in NVIDIA Corp. The purchase prices were between $197.32 and $333.76, with an estimated average price of $277.31. The stock is now traded at around $243.850000. The impact to a portfolio due to this purchase was 0.15%. The holding were 1,207 shares as of 2021-12-31. New Purchase: Innovator U.S. Equity Power Buffer ETF - October (POCT) Nikulski Financial, Inc. initiated holding in Innovator U.S. Equity Power Buffer ETF - October. The purchase prices were between $29.29 and $30.47, with an estimated average price of $30.05. The stock is now traded at around $29.940100. The impact to a portfolio due to this purchase was 0.13%. The holding were 10,000 shares as of 2021-12-31. New Purchase: PayPal Holdings Inc (PYPL) Nikulski Financial, Inc. initiated holding in PayPal Holdings Inc. The purchase prices were between $179.32 and $271.7, with an estimated average price of $214.83. The stock is now traded at around $173.370000. The impact to a portfolio due to this purchase was 0.12%. The holding were 1,473 shares as of 2021-12-31. New Purchase: Lowe's Companies Inc (LOW) Nikulski Financial, Inc. initiated holding in Lowe's Companies Inc. The purchase prices were between $204 and $261.38, with an estimated average price of $238.68. The stock is now traded at around $236.996200. The impact to a portfolio due to this purchase was 0.1%. The holding were 901 shares as of 2021-12-31. New Purchase: iShares MSCI EAFE ETF (EFA) Nikulski Financial, Inc. initiated holding in iShares MSCI EAFE ETF. The purchase prices were between $74.94 and $80.27, with an estimated average price of $78. The stock is now traded at around $76.170000. The impact to a portfolio due to this purchase was 0.09%. The holding were 2,727 shares as of 2021-12-31. Added: BTC BlackRock Short Maturity Bond ETF (NEAR) Nikulski Financial, Inc. added to a holding in BTC BlackRock Short Maturity Bond ETF by 20.99%. The purchase prices were between $49.92 and $50.04, with an estimated average price of $49.97. The stock is now traded at around $49.860000. The impact to a portfolio due to this purchase was 0.09%. The holding were 24,766 shares as of 2021-12-31. Added: PIMCO Enhanced Short Maturity Active Exchange-Trad (MINT) Nikulski Financial, Inc. added to a holding in PIMCO Enhanced Short Maturity Active Exchange-Trad by 73.75%. The purchase prices were between $101.51 and $101.8, with an estimated average price of $101.63. The stock is now traded at around $101.330000. The impact to a portfolio due to this purchase was 0.06%. The holding were 3,475 shares as of 2021-12-31. Added: SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) Nikulski Financial, Inc. added to a holding in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 23.67%. The purchase prices were between $52.79 and $58.74, with an estimated average price of $56.46. The stock is now traded at around $55.370000. The impact to a portfolio due to this purchase was 0.06%. The holding were 12,925 shares as of 2021-12-31. Added: BTC iShares MSCI USA Quality Factor ETF (QUAL) Nikulski Financial, Inc. added to a holding in BTC iShares MSCI USA Quality Factor ETF by 20.13%. The purchase prices were between $130.52 and $146.3, with an estimated average price of $141.15. The stock is now traded at around $135.450000. The impact to a portfolio due to this purchase was 0.05%. The holding were 4,654 shares as of 2021-12-31. Sold Out: Invesco BulletShares 2021 Corporate Bond ETF (BSCL) Nikulski Financial, Inc. sold out a holding in Invesco BulletShares 2021 Corporate Bond ETF. The sale prices were between $21.04 and $21.09, with an estimated average price of $21.07. Sold Out: DraftKings Inc (DKNG) Nikulski Financial, Inc. sold out a holding in DraftKings Inc. The sale prices were between $26.59 and $49.82, with an estimated average price of $38.79. Sold Out: SPDR Dow Jones Industrial Average ETF (DIA) Nikulski Financial, Inc. sold out a holding in SPDR Dow Jones Industrial Average ETF. The sale prices were between $338.36 and $364.57, with an estimated average price of $354.28. Sold Out: ViacomCBS Inc (VIAC) Nikulski Financial, Inc. sold out a holding in ViacomCBS Inc. The sale prices were between $28.68 and $39.84, with an estimated average price of $34.3. Sold Out: Alphabet Inc (GOOG) Nikulski Financial, Inc. sold out a holding in Alphabet Inc. The sale prices were between $2675.3 and $3014.18, with an estimated average price of $2894.54. Here is the complete portfolio of Nikulski Financial, Inc.. Also check out: 1. Nikulski Financial, Inc.'s Undervalued Stocks 2. Nikulski Financial, Inc.'s Top Growth Companies, and 3. Nikulski Financial, Inc.'s High Yield stocks 4. Stocks that Nikulski Financial, Inc. keeps buyingThis article first appeared on GuruFocus ....
- Reddit Posts (Sample): [['u/jcoles97', 'How many of you own any gold?', 18, '2022-02-08 00:02', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/', 'Just making this post to gauge the community’s opinion on gold i guess. It seems silly to me that there is such a feud between the bitcoin and gold subreddits. The way I see it, bitcoin and gold serve similar purposes and supporters of each hold similar values. I believe there is room for both, no need to trash one to support the other. \n\nI don’t own any gold currently but it does seem to be an appealing form of diversification to me and I’m considering it.\n\nSo with that, how many of you guys own gold?', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/', 'sn3txy', [['u/TotesGnar', 30, '2022-02-08 00:12', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/hw0c076/', 'If I owned any gold it would be in the shape of a Bitcoin just to flex.', 'sn3txy'], ['u/DatBuridansAss', 14, '2022-02-08 00:19', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/hw0cza5/', 'There\'s room for both. It seems bitcoiners are much more likely to hold a small amount of gold than goldbugs are to hold a small amount of Bitcoin. And the vitriol seems much stronger from goldbugs toward Bitcoin (which they always lump together with all other "crypto"). \n\nThat said, I have some gold coins. Not a ton, but something.', 'sn3txy'], ['u/WhoRDU', 10, '2022-02-08 00:20', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/hw0d305/', 'I have a gold crown over a bad tooth.', 'sn3txy'], ['u/slutfarming', 11, '2022-02-08 00:29', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/hw0ehk6/', "I fell for the gold meme 10 years ago and the gold that I bought is currently worth about as much as I paid 10 years ago. So gold as been a terrible investment for me. I'm not falling for that shit again.", 'sn3txy'], ['u/jcoles97', 11, '2022-02-08 00:35', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/hw0f8a6/', 'Yeah i don’t see it as an investment, more something to stash away that you can whip out on a rainy day. Plus you have to admit its just cool to have physical gold.', 'sn3txy'], ['u/slutfarming', 18, '2022-02-08 01:04', 'https://www.reddit.com/r/Bitcoin/comments/sn3txy/how_many_of_you_own_any_gold/hw0j8e2/', ">You would have lost more value if you were holding paper fiat during that time.\n\nNot really. I paid nearly $1800 an oz in 2012. Gold is worth $1828 an oz right now and I wouldn't get spot price if I sold my gold. If I sold my gold right now, I would receive back the same amount of cash that I paid ten years ago. Explain how my cash would have lost more value when my gold is worth the same amount of cash that I paid for it.\n\nThere are millions of other investments that I could have bought that would have actually grown in value. I'm not falling for the gold meme again.", 'sn3txy']]], ['u/FLYINmonkey93', 'Coinbase?', 34, '2022-02-08 00:32', 'https://www.reddit.com/r/Hedera/comments/sn4jmb/coinbase/', "Hello,\n\nSo, does anyone see Hedera being listed on Coinbase in the foreseeable future? Would being listed on Coinabase be impractical for Hedera?\n\nThe reason why I ask is because I have a few friends that are skeptical of cryptos outside of Coinbase. It's basically the only well-known site for people that may only buy Bitcoin/ETH.", 'https://www.reddit.com/r/Hedera/comments/sn4jmb/coinbase/', 'sn4jmb', [['u/SaltAd2986', 14, '2022-02-08 00:37', 'https://www.reddit.com/r/Hedera/comments/sn4jmb/coinbase/hw0fldc/', "If they arent willing to research to understand what they're purchasing AND the exchanges which are available I would say they arent really ready.", 'sn4jmb'], ['u/Mr_Sausage__', 39, '2022-02-08 00:53', 'https://www.reddit.com/r/Hedera/comments/sn4jmb/coinbase/hw0hrpp/', 'Coinbase is more interested in listing shitcoins than utility coins.', 'sn4jmb'], ['u/Avantt376', 14, '2022-02-08 00:59', 'https://www.reddit.com/r/Hedera/comments/sn4jmb/coinbase/hw0iok4/', 'Coinbase is shit. High fees and only list shit coins.', 'sn4jmb'], ['u/SpongeBobaFett13', 10, '2022-02-08 01:23', 'https://www.reddit.com/r/Hedera/comments/sn4jmb/coinbase/hw0lyjf/', 'Fortune does Favor the Brave, like Matty Damon told me.', 'sn4jmb'], ['u/randskarma', 14, '2022-02-08 01:58', 'https://www.reddit.com/r/Hedera/comments/sn4jmb/coinbase/hw0qot2/', "You couldn't be more right. The listings last couple of months are flat out shit.", 'sn4jmb']]], ['u/TheFamousHesham', 'If You’re Wondering About The Recent Rebound', 21, '2022-02-08 00:46', 'https://www.reddit.com/r/CryptoCurrency/comments/sn4w2b/if_youre_wondering_about_the_recent_rebound/', 'People, even the savviest and most experienced investors, tend to underestimate the power of supply and demand (ie the availability of sellers vs buyers) in the market.\n\nHuge dips and rises in prices are a direct result of either buyer or seller exhaustion — respectively.\n\nMeaning that when the price of BTC reaches an ATH, investors will be less enthusiastic about investing at such a high price (the highest it’s ever been) and demand for the fall — resulting in a price crash.\n\nThe flip side, however, is what happened recently.\n\nThe price of BTC was allowed to fall gradually from an ATH of 68k to 64k to 58k to 48k to 42k to 36k and 33k.\n\nAt every level, less confident investors were weeded out, leaving the market at a loss.\n\nEventually (at the 33-36k mark), those less confident investors were exhausted and the only holders of BTC left were the HODLERs.\n\nWho were obv not looking to sell. \n\nMarket pressures (buyers looking to buy at this low price) then pushed the price up.\n\nWhich then confirmed (to some) that there was still hope in the crypto market, leading to more buyers and more money pouring in and higher prices.\n\nI personally think this is good news. The fact that the *floor price* for BTC is now at 33k, shows how increasingly popular this asset has become and it’s amazing potential in the future :)', 'https://www.reddit.com/r/CryptoCurrency/comments/sn4w2b/if_youre_wondering_about_the_recent_rebound/', 'sn4w2b', [['u/MostlyPseudonymous', 32, '2022-02-08 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/sn4w2b/if_youre_wondering_about_the_recent_rebound/hw0hk3j/', "The floor price is $32,900 ***so far***. That's all you can say.", 'sn4w2b'], ['u/Odysseus_Lannister', 12, '2022-02-08 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/sn4w2b/if_youre_wondering_about_the_recent_rebound/hw0l4a1/', 'Exactly, this new wave of bullishness is all based on like 5-6 days where nothing has changed? Cmon guys, give it some time before calling for 200k again', 'sn4w2b']]], ['u/Fleap', 'Would you rather have 1 BTC at current price or the equivalent in TRAC?', 15, '2022-02-08 01:19', 'https://www.reddit.com/r/OriginTrail/comments/sn5myt/would_you_rather_have_1_btc_at_current_price_or/', "Longstanding debate I've been having in my mind and just want some outsider insight.", 'https://www.reddit.com/r/OriginTrail/comments/sn5myt/would_you_rather_have_1_btc_at_current_price_or/', 'sn5myt', [['u/bizarrobrian', 19, '2022-02-08 01:57', 'https://www.reddit.com/r/OriginTrail/comments/sn5myt/would_you_rather_have_1_btc_at_current_price_or/hw0qlaj/', 'Do you see BTC hitting 84k or TRAC hitting 1.60 first? That would determine your choice', 'sn5myt'], ['u/flameylamey', 10, '2022-02-08 02:36', 'https://www.reddit.com/r/OriginTrail/comments/sn5myt/would_you_rather_have_1_btc_at_current_price_or/hw0vxm5/', "Well, I've already made that decision I guess, since I've been all-in on TRAC for over a year now. If I wanted BTC I'd trade it for BTC, but I believe TRAC has far more potential upside.", 'sn5myt'], ['u/bj2183', 38, '2022-02-08 03:39', 'https://www.reddit.com/r/OriginTrail/comments/sn5myt/would_you_rather_have_1_btc_at_current_price_or/hw14me3/', "You're asking in a Trac forum, so Trac. Ask in the Bitcoin forum and you'll get Bitcoin.", 'sn5myt']]], ['u/Sadrealityhardtruth', 'Nobody knows who created Bitcoin? That means the government owns it. Use your head.', 113, '2022-02-08 01:41', 'https://www.reddit.com/r/conspiracy/comments/sn64nq/nobody_knows_who_created_bitcoin_that_means_the/', 'Bitcoin is definitely government owned and created. I don’t trust it one bit. I’m going back to bartering 10 chickens for one cow.', 'https://www.reddit.com/r/conspiracy/comments/sn64nq/nobody_knows_who_created_bitcoin_that_means_the/', 'sn64nq', [['u/BayesDays', 24, '2022-02-08 01:51', 'https://www.reddit.com/r/conspiracy/comments/sn64nq/nobody_knows_who_created_bitcoin_that_means_the/hw0pqkt/', 'Could probably rephrase this to be:\n\n\nBlack market transactions require crytocurrency. \n\nCIA runs the black market. \n\nTherefore, cia owns crypto.', 'sn64nq'], ['u/xeriopi45', 16, '2022-02-08 02:10', 'https://www.reddit.com/r/conspiracy/comments/sn64nq/nobody_knows_who_created_bitcoin_that_means_the/hw0sbt5/', 'Who cares, make money off it. Also the government created the US dollar and you are willing to work your entire life for it. You are betting your retirement that the government won’t keep printing more money so you won’t have to work 5 jobs while your in retirement.', 'sn64nq'], ['u/random_name23631', 10, '2022-02-08 02:33', 'https://www.reddit.com/r/conspiracy/comments/sn64nq/nobody_knows_who_created_bitcoin_that_means_the/hw0vgez/', "Pretty sure the CIA created and controls it... Doesn't mean it's not a viable investment for future growth.", 'sn64nq'], ['u/PlatanoPower1', 20, '2022-02-08 02:42', 'https://www.reddit.com/r/conspiracy/comments/sn64nq/nobody_knows_who_created_bitcoin_that_means_the/hw0wra0/', 'I do feel like crypto is government owned for sure; tryna push a cashless/new currency they have more oversight on\n\nKind of weird that all these super rich/old money say they don’t believe in 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.
|
44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98
|
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 year 2020 was historically bizarre (to put it kindly), but 2021 wasn’t exactly smooth sailing. Sure, the U.S economy partly rebounded from the initial blows of the pandemic; and, for a precious few months, it looked like Covid may be waning — but behind the scenes, complex governmental changes were underway. Oh, and the pandemic definitely did not end; in fact, it got worse, with more people dying from the virus in 2021 than in the year prior. While the pandemic raged on, Congress got busy building strategies to help Americans stay afloat. In March 2021, it passed the $1.9 trillion American Rescue Plan Act — a kind of expansion on the $2.2 trillion CARES act passed in March 2020. Under the new plan, citizens received various aid, some of which is now coming back to haunt their tax returns . In other words, the benefits we received as part of the Covid relief plan helped lessen our burden to the federal government, which in turn could lower the amount we’re entitled to as a tax refund. Here’s a look at all the reasons you may not be getting a refund this year . Most of them are beyond your control, but there are cases where you should definitely follow up directly with the IRS. Tax Day 2022: When Are the First and Last Days To File? More: Should You File Early This Year? You Received Advanced Child Tax Credit Payments “Many families will recall that, starting in July 2021, they started receiving monthly deposits (or checks) from the IRS as part of the government’s COVID-relief measures,” said Taylor Hoffman , an investment advisor and director of financial planning. “These payments were unlike the stimulus payments received throughout 2020 and 2021, in that they were actually partial prepayments of the child tax credit that many families receive on their tax return each year (whereas the stimulus payments were more like free money).” The child tax credit is a dollar-for-dollar write-off on your tax bill, Hoffman explained: “So, in other words, the IRS was paying people up front for a tax credit they would have otherwise received when they filed their taxes.” Story continues Last year’s child tax credit may cause some people to not get a refund because the IRS paid families up to half of their eligible child tax credit. “Therefore,” Hoffman said, “when those families go to file their taxes, they will only have half of the credit left to use as a write-off.” You Saw Investment Gains “U.S stocks had a fantastic year in 2021, with the S&P 500 returning nearly 29%. Other assets like cryptocurrencies boomed, with Bitcoin gaining 60% in 2021 and Ethereum returning nearly 400%,” said Scott Caufield, principal at Sophos Wealth Management . “Investors who realized some of their gains might find their taxes increasing quite a bit this year. Owners of mutual funds might be surprised to find they received capital gains distributions in 2021 that they will owe taxes on.” You Heeded the Student Loan Moratorium “The moratorium on payments has been extended into mid-2022 by the Biden administration,” said Ryan McCarty, owner/CEO of McCarty Money Matters . “This has been a saving grace throughout the pandemic, (but) paying no student loan interest means no student loan deduction. Depending on how much interest you pay in a given year, this can be either a negligible or sizable difference year over year in your overall tax picture.” Advice: 10 Best Ways To Use Your Tax Refund if It’s Not Very Big You Collected Unemployment “Unemployment income is a big one and presently on everyone’s minds,” McCarty said. “In 2021, we saw a taxable exclusion on the first $10,200 of unemployment income received in 2020. This so far is not the case in 2022. If someone received only unemployment during 2021, the results may be negligible as your first dollars received are taxed at extremely low rates. If this was in addition to income received by a new job/endeavor, it could add a nice chunk of dollars that had no withholding.” You Freelanced or Side-Hustled “If you supplemented your lost income in 2021 by working as a contractor and received 1099s rather than W-2s, we can only hope you set some aside to pay for your self-employment tax rates,” McCarty said. “This is certainly an eye opener for those that have never dealt with such things.” You Didn’t Make Enough Withheld Income “If you didn’t work the entire year, either due to quitting or layoffs — both extremely relevant during 2021 — you will find yourself with less tax withheld from your check,” McCarty said. “If you did not adapt your withholding properly along the way via your W-4 with employers, you could be exposed to a vastly different number compared to years past.” You Traded or Sold Crypto “Selling cryptocurrency or trading cryptocurrency for another cryptocurrency is considered a sale of property, and any gain is subject to capital gains tax,” said Yvette D. Best, owner of Best Tax Solutions LLC . “Cryptocurrency transactions typically result in short-term gains (tax on profits from the sale of an asset held for a year or less) and the capital gains tax rate is equal to your ordinary income tax rate.” Taxes 2022: Questions About Your Crypto Purchase to Ask An Accountant Before You File You Are the Victim of Identity Theft “ Identity theft is on the rise,” said Steven Jager, CPA and partner with Fineman West . “When someone files a tax return electronically using someone’s Social Security number (illegitimately), and then the ‘real’ tax return is filed legitimately, it is rejected. It must then be filed on paper and manually processed after the identity theft is investigated. It is a lengthy process and refunds can take a VERY long time to be received. We actually had a case where the refund of nearly a million dollars was just finally received on a tax return filed some years ago.” The IRS Is Understaffed and Backlogged “The IRS has a serious backlog of unprocessed regular filed tax returns and amended tax returns that will delay processing in 2022,” said Trenda Hackett, technical tax editor at Thomson Reuters Tax and Accounting . “In fact, as of late December, the IRS had backlogs of 6 million unprocessed original individual returns (Form 1040), 2.3 million unprocessed individual amended returns and about 5 million pieces of unprocessed taxpayer correspondence.” If your tax information was amended or corrected and indicates that you are owed a refund, you might not receive a dime through no fault of your own, but because your account has not been updated by the IRS. If you haven’t received your tax refund after six weeks of submitting your return, seek help from your local IRS office or call the federal agency. You also can check the status of your refund here . More From GOBanking Rates GOBankingRates’ Best Banks of 2022: Live Richer by Banking Better Bank Accounts That Will Help Supplement and Grow Your Social Security How Has COVID-19 Impacted The 2022 Tax Season? The 20 Best Online Banks of 2022 This article originally appeared on GOBankingRates.com : Reasons You Might Not Get a Tax Refund This Year', 'The year 2020 was historically bizarre (to put it kindly), but 2021 wasn’t exactly smooth sailing. Sure, the U.S economy partly rebounded from the initial blows of the pandemic; and, for a precious few months, it looked like Covid may be waning — but behind the scenes, complex governmental changes were underway. Oh, and the pandemic definitely did not end; in fact, it got worse, with more people dying from the virus in 2021 than in the year prior.\nWhile the pandemic raged on, Congress got busy building strategies to help Americans stay afloat. In March 2021, it passed the $1.9 trillion American Rescue Plan Act — a kind of expansion on the $2.2 trillion CARES act passed in March 2020. Under the new plan, citizens received various aid, some of which is now coming back to haunt theirtax returns. In other words, the benefits we received as part of the Covid relief plan helped lessen our burden to the federal government, which in turn could lower the amount we’re entitled to as a tax refund.\nHere’s a look at all the reasons you may not be getting a refund this year. Most of them are beyond your control, but there are cases where you should definitely follow up directly with the IRS.\nTax Day 2022:When Are the First and Last Days To File?More:Should You File Early This Year?\n“Many families will recall that, starting in July 2021, they started receiving monthly deposits (or checks) from the IRS as part of the government’s COVID-relief measures,” saidTaylor Hoffman, an investment advisor and director of financial planning. “These payments were unlike the stimulus payments received throughout 2020 and 2021, in that they were actually partial prepayments of the child tax credit that many families receive on their tax return each year (whereas the stimulus payments were more like free money).”\nThe child tax credit is a dollar-for-dollar write-off on your tax bill, Hoffman explained: “So, in other words, the IRS was paying people up front for a tax credit they would have otherwise received when they filed their taxes.”\nLast year’s child tax credit may cause some people to not get a refund because the IRS paid families up to half of their eligible child tax credit.\n“Therefore,” Hoffman said, “when those families go to file their taxes, they will only have half of the credit left to use as a write-off.”\n“U.S stocks had a fantastic year in 2021, with the S&P 500 returning nearly 29%. Other assets like cryptocurrencies boomed, with Bitcoin gaining 60% in 2021 and Ethereum returning nearly 400%,” said Scott Caufield, principal atSophos Wealth Management. “Investors who realized some of their gains might find their taxes increasing quite a bit this year. Owners of mutual funds might be surprised to find they received capital gains distributions in 2021 that they will owe taxes on.”\n“The moratorium on payments has been extended into mid-2022 by the Biden administration,” said Ryan McCar
**Last 60 Days of Bitcoin's Closing Prices:**
[49362.51, 50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-09
**Financial & Commodity Data:**
- Gold Closing Price: $1835.20
- Crude Oil Closing Price: $89.66
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $838,335,454,350
- Hash Rate: 185751049.203076
- Transaction Count: 265804.0
- Unique Addresses: 663348.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: TheEurohas been all over the place during the course of the trading session on Friday, initially spiking during the day, only to turn around after the jobs number came out much stronger than anticipated. Perhaps it was not so much the jobs number in America, but it had more to do with the fact that interest rates in America spiked as the Federal Reserve has almost no excuse not to become a very tight central bank. This puts more upward pressure on the greenback going forward, but at this point in time it somewhat of a relative game as the ECB has finally acknowledged inflation.
With the bond market behaving the way it is and the central banks out there all tightening at the same time, this is only going to make volatility worse, not better. Because of this, I believe that it is probably only a matter of time before something breaks, as the central banks all suddenly worry about inflation. We went from a “race to the bottom” to everybody is doing the same thing in the opposite direction.
This is going to cause headaches, so be aware the fact that we will be choppy. If we can break above the 1.15 handle that could continue the overall uptrend in the Euro, but at this point in time a short-term pullback looks more likely than not. The 50 day EMA underneath could offer support, but I would not count on it if we suddenly saw interest rates spike even further in America. There was a massive move after the jobs report so it will be interesting to see how this plays out.
For a look at all of today’s economic events, check out oureconomic calendar.
Thisarticlewas originally posted on FX Empire
• Gold Prices Rise Slightly As Yields Surge
• The Australian Dollar Gives Up Gains for the Week
• Natural Gas Drops and Finishes the Week in the Red
• British Pound Has Strong Week
• Is the “expect a Big Rally” in Bitcoin Here?
• S&P 500 Has Another Tough Outing...
- 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.
|
43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16
|
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:**
['It’s been mixed messages from the U.S on cryptos in recent months. While a number of U.S states have become crypto friendly, Capitol Hill has taken a sterner approach on digital assets.\nIn 2021, the City of Miami and New York City introduced their own CityCoins,\xa0 MiamiCoin (MIA) and NewYorkCoin (NYC Coin). CityCoins, powered by Stacks (STX), allows miners to stake STX and earn CityCoins as rewards. CityCoins miners receive 70% of all stacked STX in CityCoins, with 30% going to City Wallets. These are equivalent to a city’s treasury. Miners can then further stake the rewarded CityCoins to earn Bitcoin (BTC).\nThe principle is to allow the citizens of a city to support a city’s development. In the case of Miami City, Mayor Francis Suarez is aiming at making the city a tax free, crypto haven. Aligned with Mayor Suarez, Florida State Governor DeSantisaffirmedlast week that the state would allow businesses to pay state fees in crypto.\nMayors of both the City of Miami and New York City hadconfirmedthat they will receive Bitcoin salaries at the start of the year. While a number of lawmakers on Capitol Hill are alsocrypto advocates, the number of crypto friendly U.S states are few and far between.\nIn spite of increased crypto scrutiny on Capitol Hill, Tennessee lawmaker Jason Powell has introduced 2 bills. The first billproposesto allow counties, municipalities, and the state to invest in digital assets including cryptos and NFTs. Powell alsoproposeda study committee tasked with making the state “the most forward thinking and pro-business state for cryptocurrency and blockchain and to foster a positive economic environment for blockchain and cryptocurrency”.\nWhile Powell’s move is a progressive one, it remains to be seen whether lawmakers will favor such a move.Regulatorsand even theIMFhave voiced concerns over digital assets. Both have cited risks to financial stability in recent months. The concerns and calls for a global crypto regulatory framework have also led to an imminentexecutive orderfrom the White House. For Powell and other crypto advocates in the State of Tennessee, the IMF’s latestassessmenton central bank digital currencies could also be a hinderance.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Changes Trend to Up on Trade Through 4586.00\n• European Equities: U.S Inflation and Jobless Claims in Focus\n• Zambia Begins CBDC Research Citing Cryptocurrency Associated Risks\n• Gold Breakout Over $1833.90 Targets $1856.70 Main Top\n• Natural Gas Prices Drop Sharply Ahead of Inventory Report\n• How Does The US Government HODL More Bitcoin Than Tesla?', 'It\x92s been mixed messages from the U.S on cryptos in recent months. While a number of U.S states have become crypto friendly, Capitol Hill has taken a sterner approach on digital assets. U.S Crypto Advocates In 2021, the City of Miami and New York City introduced their own CityCoins,\xa0 MiamiCoin ( MIA ) and NewYorkCoin ( NYC Coin ). CityCoins, powered by Stacks ( STX ), allows miners to stake STX and earn CityCoins as rewards. CityCoins miners receive 70% of all stacked STX in CityCoins, with 30% going to City Wallets. These are equivalent to a city\x92s treasury. Miners can then further stake the rewarded CityCoins to earn Bitcoin ( BTC ). The principle is to allow the citizens of a city to support a city\x92s development. In the case of Miami City, Mayor Francis Suarez is aiming at making the city a tax free, crypto haven. Aligned with Mayor Suarez, Florida State Governor DeSantis affirmed last week that the state would allow businesses to pay state fees in crypto. Mayors of both the City of Miami and New York City had confirmed that they will receive Bitcoin salaries at the start of the year. While a number of lawmakers on Capitol Hill are also crypto advocates , the number of crypto friendly U.S states are few and far between. Tennessee Looks to Become a Crypto Hub In spite of increased crypto scrutiny on Capitol Hill, Tennessee lawmaker Jason Powell has introduced 2 bills. The first bill proposes to allow counties, municipalities, and the state to invest in digital assets including cryptos and NFTs. Powell also proposed a study committee tasked with making the state \x93 the most forward thinking and pro-business state for cryptocurrency and blockchain and to foster a positive economic environment for blockchain and cryptocurrency\x94 . While Powell\x92s move is a progressive one, it remains to be seen whether lawmakers will favor such a move. Regulators and even the IMF have voiced concerns over digital assets. Both have cited risks to financial stability in recent months. The concerns and calls for a global crypto regulatory framework have also led to an imminent executive order from the White House. For Powell and other crypto advocates in the State of Tennessee, the IMF\x92s latest assessment on central bank digital currencies could also be a hinderance. Story continues This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Changes Trend to Up on Trade Through 4586.00 European Equities: U.S Inflation and Jobless Claims in Focus Zambia Begins CBDC Research Citing Cryptocurrency Associated Risks Gold Breakout Over $1833.90 Targets $1856.70 Main Top Natural Gas Prices Drop Sharply Ahead of Inventory Report How Does The US Government HODL More Bitcoin Than Tesla?', 'Bitcoin (BTC) extended its winning streak to 4 sessions on Wednesday, marking a 6thrise in 7-sessions. Following a 0.50% gain on Tuesday, Bitcoin rose by 0.78% to end the day at $44,423.\nWhile recovering from deep red and a return to sub-$43,500 levels, Bitcoin failed to revisit $45,000 levels on the day.\nOnce more, a bullish NASDAQ 100 session on Wednesday delivered support for Bitcoin and the broader market. On Wednesday, the NASDAQ 100 rallied by 2.08%. Bitcoin’s upside was modest, however, as the markets continue to face a number of uncertainties near-term.\nXRPbucked the broader market trend, falling by 0.43%. The loss was modest, however, with XRP continuing its run towards $1.00 levels on hopes of a favorable outcome to theSEC v Ripple case.\nA 6thrise in 7 sessions was not enough, however, to support another increase in theBitcoin Fear & Greed Index. After rising to 54/100 on Wednesday, the Index slipped back to 50/100 this morning. In spite of the pullback, the Index remained in the neutral zone after failing to move through to 55/100 and into the Greed zone.\nLast month, we had seen a move to 30/100 as a buying signal and this month a move through to 50/100 supportive of a Bitcoin return to $50,000 levels. Following this morning’s pullback, however, a fall back to sub-46/100 and into the fear zone could test Bitcoin support near-term.\nKey Bitcoin drivers near-term include today’s U.S inflation figures and the imminent White House Executive order on crypto regulations. On the economic data front, another pickup in inflationary pressure would support the more hawkish outlook on FED monetary policy. For Bitcoin and the broader market, punitive regulations to rein in the crypto market would also be negative near-term.\nAt the time of writing, Bitcoin was down by 0.49% to $44,206. Avoiding a fall back through the day’s $44,147 pivot would support a run at the first major resistance level at $45,126 and Tuesday’s high $45,484. Bitcoin would need plenty of support to break back through to $45,000 levels, however. In the event of an extended rally, Bitcoin could test resistance at $47,000 before any pullback. The second major resistance level sits at $45,830.\nA fall back through the pivot would bring the first major support level at $43,443 into play. Barring an extended sell-off, Bitcoin should steer clear of sub-$42,000 levels. The second major support level at $42,464 should limit the downside. Today’s U.S inflation figures will be key.\nLooking at the EMAs and 4-hourly candlesticks (below), the signal has become more bullish. The 50-day EMA has pulled further away from 200-day EMA after this week’s bullish cross. The 100-day EMA has also narrowed on the 200-day EMA. A bullish cross of the 100-day through the 200-day EMA would further support a move towards $50,000 levels.\nThisarticlewas originally posted on FX Empire\n• How Will SHIB’s Entry Into the Metaverse Affect MANA, AXS & SAND?\n• LEASH Rises by 105% As Shiba Inu Enters the Metaverse\n• US Politician Claims Puerto Rico Is a “Haven” for Crypto Speculators\n• Economic Forecasts and Economic Data Put the EUR and Dollar in the Spotlight\n• Natural Gas Prices Drop Sharply Ahead of Inventory Report\n• Gold Prices Rise Ahead of Thursday’s CPI Report', 'Bitcoin (BTC) extended its winning streak to 4 sessions on Wednesday, marking a 6thrise in 7-sessions. Following a 0.50% gain on Tuesday, Bitcoin rose by 0.78% to end the day at $44,423.\nWhile recovering from deep red and a return to sub-$43,500 levels, Bitcoin failed to revisit $45,000 levels on the day.\nOnce more, a bullish NASDAQ 100 session on Wednesday delivered support for Bitcoin and the broader market. On Wednesday, the NASDAQ 100 rallied by 2.08%. Bitcoin’s upside was modest, however, as the markets continue to face a number of uncertainties near-term.\nXRPbucked the broader market trend, falling by 0.43%. The loss was modest, however, with XRP continuing its run towards $1.00 levels on hopes of a favorable outcome to theSEC v Ripple case.\nA 6thrise in 7 sessions was not enough, however, to support another increase in theBitcoin Fear & Greed Index. After rising to 54/100 on Wednesday, the Index slipped back to 50/100 this morning. In spite of the pullback, the Index remained in the neutral zone after failing to move through to 55/100 and into the Greed zone.\nLast month, we had seen a move to 30/100 as a buying signal and this month a move through to 50/100 supportive of a Bitcoin return to $50,000 levels. Following this morning’s pullback, however, a fall back to sub-46/100 and into the fear zone could test Bi
**Last 60 Days of Bitcoin's Closing Prices:**
[50098.34, 46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-10
**Financial & Commodity Data:**
- Gold Closing Price: $1836.20
- Crude Oil Closing Price: $89.88
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $830,673,895,312
- Hash Rate: 195038601.66322985
- Transaction Count: 260813.0
- Unique Addresses: 673697.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / December 30, 2021 /Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired securities of Marathon Digital Holdings, Inc. ("Marathon" or the "Company") (NASDAQ:MARA) betweenOctober 13, 2020 and November 15, 2021, inclusive(the "Class Period"). The lawsuit was filed in the United States District Court for the District of Nevada and alleges violations of the Securities Exchange Act of 1934.
If youpurchased or otherwise acquired Marathon securities, and/or would like to discuss your legal rights and options, please visitMarathon Digital Holdings, Inc. Shareholder Class Action Lawsuitor contactJoe Seidmantoll free at(877) [email protected].
Marathon is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in U.S. The Company was formerly known as "Marathon Patent Group, Inc." and changed its name to "Marathon Digital Holdings, Inc." on March 1, 2021.
In October 2020, Marathon announced the formation of a new joint venture with Beowulf Energy LLC ("Beowulf"), purportedly focused on delivering low-cost power to Marathon's Bitcoin mining operations (the "Beowulf Joint Venture"). In connection with that joint venture, Marathon entered into a series of agreements with multiple parties to design and build a data center in Hardin, Montana (the "Hardin Facility"), issuing 6 million shares of its common stock to the parties of those agreements.
According to the complaint, 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 that: (i) the Beowulf Joint Venture, as it related to the Hardin Facility, implicated potential regulatory violations, including U.S. securities law violations; (ii) as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny; (iii) the foregoing was reasonably likely to have a material negative impact on the Company's business and commercial prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
On November 15, 2021, Marathon disclosed that "the Company and certain of its executives received a subpoena to produce documents and communications concerning the Hardin, Montana data center facility" and advised that the SEC may be investigating whether or not there may have been any violations of the federal securities laws.
On this news, Marathon's stock price fell $20.52 per share, or 27.03%, to close at $55.40 per share on November 15, 2021.
If you wish to serve as lead plaintiff, you must move the Court no later thanFebruary 15, 2022. 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 youpurchased or otherwise acquired Marathon securities, and/or would like to discuss your legal rights and optionsplease visithttps://www.bernlieb.com/cases/marathondigitalholdingsinc-mara-shareholder-lawsuit-class-action-fraud-stock-468/or contactJoe Seidmantoll free at(877) [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 pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Joe SeidmanBernstein Liebhard LLPhttps://www.bernlieb.com(877) [email protected]
SOURCE:Bernstein Liebhard LLP
View source version on accesswire.com:https://www.accesswire.com/680262/MARATHON-DIGITAL-HOLDINGS-INC-NASDAQ-MARA-SHAREHOLDER-CLASS-ACTION-ALERT-Bernstein-Liebhard-LLP-Announces-that-a-Securities-Class-Action-Lawsuit-Has-Been-Filed-Against-Marathon-Digital-Holdings-Inc-NASDAQ-MARA...
- Reddit Posts (Sample): [['u/2282794', 'Selling an investment property. Go all in on BTC?', 62, '2022-02-10 01:45', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/', 'Looks like I may clear a little under 100K. Would you go ahead and buy a couple coins? \n\nCurrently I’ve got about .04 BTC and after the sale, will still have one investment property that cash flows.', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/', 'sosui9', [['u/CyberMonkey728', 22, '2022-02-10 01:56', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwaxspp/', "I'd dollar cost average", 'sosui9'], ['u/Orly5757', 18, '2022-02-10 02:01', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwaykm2/', 'What else would you do with it? Put it in a bank and watch it lose value? Fuck yes, but bitcoinS with it. I’d do a heavy dca at like 5-10k a week (5 on green weeks and 10 if it’s particularly low).', 'sosui9'], ['u/Hank___Scorpio', 100, '2022-02-10 02:13', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwb06hx/', 'No land tax, no shitty tenants, no repairs.', 'sosui9'], ['u/2282794', 32, '2022-02-10 02:31', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwb2o0n/', 'So much better!', 'sosui9'], ['u/Cheap_Meaning', 10, '2022-02-10 03:02', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwb73st/', "Do it. I sold one in the summer bought a few coins and don't regret it. No more Tennants, no more repairs and taxes. You won't get the cashflow but if you were like me where you weren't making that much cashflow anyways then who cares. Buy a couple and don't worry about the price for 5 years. \nI am thinking of selling another rental to buy more. I believe in 10 years, BTC will outperform real estate.\n\nYou can always buy back into real estate down the road. Maybe a vacation rental that you could also utilize.", 'sosui9'], ['u/TotesGnar', 12, '2022-02-10 03:23', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwba250/', "Also no cash-flow. If you don't need cash-flow then sure whatever obviously buy Bitcoin with it. I'd rather own Bitcoin over RE that only appreciates. But when you buy RE correctly you can push crazy high ROI's on it.\n\nIf you're only getting 20-30% ROI on RE then you're probably better off buying Bitcoin long term. And then convert back to RE later on for the cash-flow. I mean unless there's some crazy way to cash-flow Bitcoin later, but I don't see that happening without giving up your private keys.", 'sosui9'], ['u/Movinfast1114', 19, '2022-02-10 05:08', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwbogvd/', 'Only getting 20-30% lol…', 'sosui9'], ['u/elperorojo', 11, '2022-02-10 11:19', 'https://www.reddit.com/r/Bitcoin/comments/sosui9/selling_an_investment_property_go_all_in_on_btc/hwcmk4s/', 'Seriously how is he calculating ROI? 63%?? Is the property made of cocaine?', 'sosui9']]], ['u/zagalilo7', 'Bitcoin donors fund Ukrainians in war against Russia', 65, '2022-02-10 02:04', 'https://www.reddit.com/r/Bitcoin/comments/sot8hg/bitcoin_donors_fund_ukrainians_in_war_against/', 'More and more Bitcoin donors have continued to provide finances for Ukrainians in their conflict against Russia over the past six years.\n\nAccording to data from blockchain analytics company Elliptic, Ukrainian volunteer groups and non-government organizations (NGOs) received more than $570,000 in Bitcoin donations throughout 2021. The firm states that the total Bitcoin donations made to Ukrainian NGOs in 2021 represent a 900% increase from the previous year.', 'https://www.reddit.com/r/Bitcoin/comments/sot8hg/bitcoin_donors_fund_ukrainians_in_war_against/', 'sot8hg', [['u/Nervous-Papaya-5675', 16, '2022-02-10 03:04', 'https://www.reddit.com/r/Bitcoin/comments/sot8hg/bitcoin_donors_fund_ukrainians_in_war_against/hwb7dm9/', 'Oh Jesus! Stop! Now bitcoin is going to be associated with global armed conflict.', 'sot8hg'], ['u/zagalilo7', 13, '2022-02-10 05:11', 'https://www.reddit.com/r/Bitcoin/comments/sot8hg/bitcoin_donors_fund_ukrainians_in_war_against/hwbou30/', "Man, I'm from Ukraine! I was born in Ukraine. I grew up in Ukraine. My relatives participated in the war that is going on in the Donbas. My friends were at war. I'm not talking about the news, I'm talking about what I saw with my own eyes!", 'sot8hg'], ['u/[deleted]', 14, '2022-02-10 05:46', 'https://www.reddit.com/r/Bitcoin/comments/sot8hg/bitcoin_donors_fund_ukrainians_in_war_against/hwbszzq/', "As if the USD hasn't been used this way for 50 years and billions if dollars already!", 'sot8hg']]], ['u/CryptoKeeper808', 'News to be bullish on!', 21, '2022-02-10 02:06', 'https://www.reddit.com/r/CryptoCurrency/comments/sota23/news_to_be_bullish_on/', "Russia recognizing BTC as curency in 2022!!\n\nSuperbowl being called the Cryptobowl!\n\nLet me start off with the Russia news. The fact that this made news today is crazy considering the Russian International Bank recently said they were trying to ban crypto. This is definitely a 180 in the right direction. Having a country the size of Russia essentially legalize and recognize BTC as a legal currency will catapult Crypto straight to the moon. This will take BTC to six figures and bring all other coins up with it. Not the biggest fan of Russia but if they take BTC to new ATHs I'd be just fine with that. \n\nNow on to the Cryptobowl. At this point I'm more excited to see the crypto commercials then I am to see the actual game. I know the game doesn't pertain to the entire planet but North America is the largest investor of crypto and if the price goes up, it goes up for everyone. Advertising during the super bowl has proven time and time again to bring huge ROI and considering each second costs about 7 million dollars, I'd say these companies know what they are doing.\n\nFebruary is going to be an impressive month!! 2022 will be the best year for the industry as a whole.", 'https://www.reddit.com/r/CryptoCurrency/comments/sota23/news_to_be_bullish_on/', 'sota23', [['u/frstrtd_ndrd_dvlpr', 11, '2022-02-10 02:12', 'https://www.reddit.com/r/CryptoCurrency/comments/sota23/news_to_be_bullish_on/hwb00f4/', 'Cryptobowl is really cringe. Just call it super bowl ffs. Stop forcing it, I see it only garnering more hate from noncrypto people 😒', 'sota23'], ['u/Numerous_Sport_2774', 11, '2022-02-10 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/sota23/news_to_be_bullish_on/hwb1w03/', 'Russia is more bipolar than the crypto market.', 'sota23']]], ['u/benderzone', 'Is XMR truly untraceable? The Bitfinex hackers moved some of their BILLIONS in Bitcoin into Monero, got caught', 161, '2022-02-10 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/sotlid/is_xmr_truly_untraceable_the_bitfinex_hackers/', "From the article found here: [https://slate.com/technology/2022/02/bitcoin-couple-scheme-rap-heather-morgan-ilya-lichtenstein.html](https://slate.com/technology/2022/02/bitcoin-couple-scheme-rap-heather-morgan-ilya-lichtenstein.html) \n\n>What the Justice Department’s report refers to as “anonymity-enhanced virtual currency” is more commonly known in crypto parlance as “privacy coins.” These are types of cryptocurrency that have special features to help users obscure their identities and transactions. While other major cryptocurrencies like Bitcoin have publicly available ledgers recording all transactions, privacy coins can purportedly make transfer amounts or the parties involved confidential. The Justice Department specifically accuses the duo of converting the Bitcoin into Monero and Dash, which are widely considered to be privacy coins.\n\nSo yeah, they allegedly laundered (disguised? hid?) $4 billiion of bitcoin. They've been arrested, and the FBI will do it's investigation.\n\nWhat are the chances that Monero has been cracked?", 'https://www.reddit.com/r/CryptoCurrency/comments/sotlid/is_xmr_truly_untraceable_the_bitfinex_hackers/', 'sotlid', [['u/TruthSeeekeer', 45, '2022-02-10 02:24', 'https://www.reddit.com/r/CryptoCurrency/comments/sotlid/is_xmr_truly_untraceable_the_bitfinex_hackers/hwb1qrm/', 'They seem to have done a bulk of different transactions to hide their money, and privacy coins seem to represent a very small fraction of that. \n\nXMR is still uncracked.', 'sotlid'], ['u/[deleted]', 16, '2022-02-10 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/sotlid/is_xmr_truly_untraceable_the_bitfinex_hackers/hwb2eel/', 'They should have gone with XMR from the beginning and they would be laughing all the way billionaireville.\n\nTo my knowledge Monero hasn’t ever been cracked.', 'sotlid'], ['u/CrowdGoesWildWoooo', 100, '2022-02-10 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/sotlid/is_xmr_truly_untraceable_the_bitfinex_hackers/hwb31tl/', 'Monero can’t remove physical traces, only over the blockchain. If you are using monero in exchange for money or services, these could still come under the radar, so it is akin to social engineering.\n\nThe thing is with 4 billion you need to consider how much liquidity each laundering channels are able to handle. Highly doubt that there is someone are able to exchange 100k monero (10 million usd) to USD in one go without raising some “alarms”.', 'sotlid'], ['u/HMU2018', 10, '2022-02-10 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/sotlid/is_xmr_truly_untraceable_the_bitfinex_hackers/hwb3blj/', 'People usually get caught because they can’t keep the secret.', 'sotlid'], ['u/bobzor', 29, '2022-02-10 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/sotlid/is_xmr_truly_untraceable_the_bitfinex_hackers/hwb5ndu/', "It was probably ext...
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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42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38
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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:**
['Feb. 10—CINCINNATI — The three-day "We Mean Business" virtual conference returns from Feb. 15-17 featuring numerous workshops on business trends such as digital transformation with cryptocurrency and blockchain, managing supply chain and how to access federal and state funding opportunities, among other topics.\nThe conference also offers networking opportunities and virtual exhibits with vendors.\nThe We Mean Business Virtual Conference is presented by the Minority Business Assistance Center Cincinnati and African American Chamber.\nThe conference is free and open for registration by visiting the official website.\nCONFERENCE OVERVIEW\n—Day One — Finding Opportunities\nDay one will guide business owners on how to find opportunities and leverage them to build their business, including: Understanding opportunities with the new federal Infrastructure Bill, using data to make business decisions and how to implement a second-chance employee program.\n—Day Two — How Digital Transformation, Cryptocurrency & the Blockchain Will Impact Your Business\nDay two will focus on the need to digitally transform your business to remain relevant and to strategically make decisions about how business processes are arranged and integrated into functioning business models which are essential if companies are to survive.\nBlockchain and cryptocurrency are two of the central technologies of this transformation.\n—Day Three — The Business of Farming\nDay Three will focus on The Buyer\'s Initiative, building banking relationships and access to capital.\nPresenters will share trends on the supply chain and the produce auction as well as the food co-ops and how to use advertising in a changing world.\nABOUT THE SPEAKERS\n—Dale Gibbons is the founder of Business Breakthrough Advisors. He has built three seven-figure businesses and has dedicated his career to helping others grow profitable and fulfilling companies. He is the author of "The 90 Minute Business Breakthrough" where he shares eight strategies that will generate $100K or more in new profits without spending more on advertising. Gibbons and his team specialize in helping business owners generate more leads, win more sales and enjoy more free time. Gibbons is the creator of Emotional Whirlwind Selling, a proven model for building trust and winning more customers in an increasingly skeptical world.\n—Donna Gambrell was appointed as president and CEO of Appalachian Community Capital in May 2017, after serving as the organization\'s interim CEO.\nPrior to her current position, Gambrell served as the director of the U.S. Department of the Treasury\'s Community Development Financial Institutions Fund.\nShe is the longest-serving and first African American woman to hold this position. During her tenure from 2007 to 2013, the CDFI Fund experienced significant growth, more than doubling funding under its flagship program, thus enabling a CDFI industry to provide affordable capital, credit and financial services to low-income communities across the country.\nGambrell retired from federal government service in December 2013. In addition to her current duties, Gambrell is a visiting, non-resident scholar at the Federal Reserve Bank of Atlanta and is a board member for the following organizations: Southern Bancorp, Inc., Association for Enterprise Opportunity, Low Income Investment Fund and Opportunity Finance Network.\n—King Bless is a blockchain consultant and co-host of The Gentlemen of Crypto daily news show.\nHe is a Certified Bitcoin Professional with experience in bitcoin and cryptocurrency investing, ICOs, regulatory frameworks, and blockchain technology. When taking a break from digital assets, King can be found coding, coaching or randomly acting in commercials.\n—Isaiah Jackson also known as Bitcoin Zay, is a cryptocurrency trader and co-host of The Gentlemen of Crypto daily news show. His popular book, "Bitcoin & Black America," has helped thousands of newcomers learn about cryptocurrency and he continues to teach at conferences and meetups.\nJackson is also a member of the Digital Currency Council, a Certified Bitcoin Professional and the owner of a Bitcoin ATM. When he isn\'t focused on the crypto market, he spends his time collecting 70s vinyl, building software and is currently working a new book.\n—William Kraus is a shareholder practicing in Butzel Long\'s Ann Arbor office.\nMr. Kraus represents individuals and businesses involved in governmental and regulatory investigations, U.S., state and federal litigation and alternative dispute resolution. He concentrates his practice on disputes relating to the financial industry, with a particular focus on legal and regulatory issues related to digital assets (e.g., Bitcoin) and blockchain technology.\nSponsors of the Fourth Annual We Mean Business Virtual Conference include City of Cincinnati, Fifth Third Bank, Journey Steel, Hamilton County Department of Economic Inclusion, Ohio Department of Transportation, Greater Hamilton Chamber of Commerce, Hamilton County, Henry Daniels, Evolution Creative Solutions, Prus Construction and REDI Cincinnati.', "Hours after a New York magistrate judge ordered two individuals accused of laundering bitcoin from the 2016 Bitfinex hack released on bond following their arrest on Tuesday, a federal judge struck down the order, staying their release from custody. New documents filed Thursday provide additional evidence against Ilya “Dutch” Lichtenstein and Heather Morgan and describe prosecutors’ concerns that the couple are “sophisticated defendants with the means to flee and ample incentive to do so.” Lichtenstein and Morgan, a married couple living in New York, were arrested on Tuesday for allegedly laundering about 120,000 bitcoins – valued at $4.6 billion now – from the Bitfinex theft. In late January, federal agents decrypted a file stored on one of Lichtenstein’s cloud accounts that contained the private key to a wallet containing 94,636 BTC (worth about $3.6 million), which was then seized by the Treasury Department. Outside of a series of small transfers in 2017 aimed at laundering a portion of the funds, the government says the “majority” of the stolen funds in Lichtenstein’s wallet were unmoved from August 2016 until the seizure in January. According to the report, Lichtenstein kept a spreadsheet on his computer of fake personas and accounts the couple allegedly used to launder money through exchanges, The defendants are believed to have about $330 million worth of bitcoin that hasn't been discovered yet, as well as “significant additional assets.” Lichtenstein, a dual U.S.-Russian citizen, was found to have a document on his computer called “passport_ideas” that contained stolen biographical information purchased from a darknet marketplace, as well as links to darknet marketplace providers of false identity documents, prosecutors said. Prosecutors also noted during the arraignment that Morgan was learning Russian, which the couple’s lawyers dismissed as irrelevant. However, the documents released Thursday say the couple “established financial accounts in Russia and Ukraine and appear to have been setting up a contingency plan for a life in Ukraine and/or Russia prior to the COVID-19 pandemic.” Story continues According to the most recent documents, the government has also taken steps to combat the defense’s position at the Tuesday arraignment that Morgan was less involved in the scheme than her husband. Prosecutors allege that Morgan played an “integral role in the money laundering and fraud scheme.” Prosecutors say Morgan frequently lied to banks and her own accountant when questioned about suspicious account activity, explaining away big transfers as a gift from Lichtenstein that she “had been keeping [in] cold storage,” or proceeds from her copywriting business, SalesFolk. Morgan is accused of directly participating in the laundering by transferring money to SalesFolk-controlled accounts from a Hong Kong-based shell company that the government said the couple created to launder money. Additional information about the searches of the couple’s Financial District apartment was also provided in Thursday’s documents. Prosecutors say that at a Jan. 5 search of the couple’s phone, agents had to “wrest [Morgan’s] phone from her hands” after she attempted to lock it while pretending to get the couple’s cat, Clarissa, from under their bed. Under the bed, agents found a “bin containing various bags holding multiple cellphones, SIM cards and assorted electronics,” including a plastic bag labeled “burner phones.” In Lichtenstein’s office, agents found “two hollowed-out books, whose pages appeared to be roughly cut out by hand.” The cavities were empty. Law enforcement also found over $40,000 in cash and a “substantial amount of foreign currency” (the origin was not noted in the documents). One thing missing from the couple’s apartment were gold coins prosecutors say they previously purchased with bitcoin from a precious metals dealer. Though the government says the couple has at least “70 one-ounce gold coins,” not a single coin was found at the residence or a known storage unit. Defense attorneys have filed a motion urging the court to reconsider its decision to keep the couple detained pending trial.", "Hours after a New York magistrate judge ordered two individuals accused of laundering bitcoin from the 2016 Bitfinex hack released on bond following their arrest on Tuesday, a federal judge struck down the order, staying their release from custody.\nNewdocumentsfiled Thursday provide additional evidence against Ilya “Dutch” Lichtenstein and Heather Morgan and describe prosecutors’ concerns that the couple are “sophisticated defendants with the means to flee and ample incentive to do so.”\nLichtenstein and Morgan, a married couple living in New York, were arrested on Tuesday for allegedly laundering about 120,000 bitcoins – valued at $4.6 billion now – from the Bitfinex theft.\nIn late January, f
**Last 60 Days of Bitcoin's Closing Prices:**
[46737.48, 46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-11
**Financial & Commodity Data:**
- Gold Closing Price: $1840.80
- Crude Oil Closing Price: $93.10
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $821,400,570,281
- Hash Rate: 188404635.6202628
- Transaction Count: 258595.0
- Unique Addresses: 664971.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Digital asset mining company Core Scientific mined a total of 1,044 bitcoin in December, taking its total for the year to 5,769.
• As of the end of the year, Core Scientific held 5,296 BTC (approximately $248 million at current prices),according to an announcementWednesday.
• The total of 5,769 BTC mined in 2021 comfortably exceeds that of Bitfarms and Marathon Digital, whichboth made similar announcements Monday, having mined 3,452 BTC and 3,197 BTC, respectively. For December, Bitfarms mined 363 bitcoins, while Marathon mined 484.5.
• Core Scientific operates around 67,000 ASICS mining machines, representing a hashrate of 6.6 EH/s.
• Last July, the firmannounced it would be going publicvia a merger worth $4.3 billion with special purpose acquisition company (SPAC) Power & Digital Infrastructure Acquisition.
• Power & Digital shareholders will beasked to give their approvalfor the merger at a special meeting on Jan. 19.
Read more:Core Scientific to Build 300MW Blockchain Data Center in Texas...
- 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.
|
42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28
|
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 Stats It was a quiet week on the economic calendar in the week ending 11 th February. A total of 31 stats were monitored, following 76 stats in the week prior. Of the 31 stats, 12 came in ahead forecasts, with 19 economic indicators coming up short of forecasts. There were no stats that were in line with forecasts in the week. Looking at the numbers, 12 of the stats reflected an upward trend from previous figures. Of the remaining 19 stats, 16 reflected a deterioration from previous. Out of the U.S Inflation and jobless claims were key stats in the week. In January, the U.S annual rate of inflation accelerated from 7.0% to 7.5%. The annual rate of inflation picked up from 5.5% to 6.0%. Jobless claims were also Dollar positive. In the week ending 4 th February, initial jobless claims fell from 239k to 223k. Economists had forecast claims of 230k. All in all, the stats continued to support a more aggressive rate path trajectory for the FED. With concerns over the effect of inflation on consumption, consumer sentiment figures also drew attention on Friday. In February, the Michigan Consumer Sentiment Index fell from 67.2 to 61.7. Economists had forecast an increase to 67.5. In the week ending 11 th February, the Dollar Spot Index rose by 0.63% to end the week at 96.082. In the week prior, the Index had slid by 1.84% to 95.485. Out of the UK It was a busier week, though the markets had to wait until Friday for key numbers from the UK. In December, the economy contracted by 0.2%, with manufacturing production rising by just 0.2%. Production had risen by 0.7% in November, when the economy had expanded by 0.9%. Year-on-year, the economy grew by 6.5% in Q4, after having expanded by 7.0% in Q3. Quarter-on-quarter, the UK economy grew by 1.0%, which was in line with growth in the previous quarter. In the week, the Pound rose by 0.24% to end the week at $1.3564. In the week prior, the Pound had risen by 0.97% to $1.3531. The FTSE100 ended the week up by 1.92%, reversing a 0.67% loss from the previous week. Out of the Eurozone It was a particularly quiet week for the EUR. Key stats included German industrial production and trade data for January. The stats were skewed to the negative with industrial production taking an unexpected fall. In January, German industrial production fell by 0.3%, following a 0.2% decline in December. Germany’s trade data also disappointed, with the trade surplus narrowing from €10.8bn to €6.8bn in January. While the stats did influence, EU economic forecasts drew plenty of attention on Thursday. According to the Executive Summary , Story continues The EU entered the New Year on a weaker footing that previously expected. After a soft-patch, the economic expansion is set to pick up pace in the second quarter. The euro area economy is expected to grow by 4.0% in 2022 and by 2.7% in 2023. Forecasts assume that the impact of the current wave of the pandemic will be short-lived. Expectations are also for most of the supply bottlenecks to fade over the year. Compared with the Autumn forecasts, inflation projections have been revised up due to persistently high energy prices. Inflation in the euro area is projected to peak in Q1 of 2022 and remain above 3% until Q3. Forecasts are for inflation to return to below 2% by 2023. The balance of risks to the growth outlook is broadly even. Looking beyond short-term uncertainties, improving labor market conditions, large accumulated savings, favorable financing conditions, and the full deployment of the Recovery and Resilience Facility (RFF) are supportive of an extended expansionary phase. For the week, the EUR fell by 0.86% to $1.1350. In the week prior, the EUR had jumped by 2.67% to $1.1449. The DAX rallied by 2.16%, with the CAC40 and the EuroStoxx600 ending the week up by 0.87% and by 1.61% respectively. For the Loonie It was a quiet week, with trade data in focus. The numbers failed to impress, however. In December, Canada’s trade balance fell from a C$2.47bn surplus to a C$0.14bn deficit. Economists had forecast a widening to C$2.50bn. In the week ending 11 th February, the Loonie rose by 0.16% to C$1.2737 against the Greenback. In the week prior, the Loonie had risen by 0.10% to C$1.2757. Elsewhere It was a bullish week for the Aussie Dollar and the Kiwi Dollar . The Aussie Dollar rose by 0.92% to $0.7137, with the Kiwi Dollar gaining by 0.27% to end the week at $0.6651. For the Aussie Dollar Business and consumer sentiment figures delivered mixed results for the Aussie Dollar. In January, business confidence rebounded, with the NAB Business Confidence Index rising from -12 to 3.0. By contrast, the Westpac Consumer Sentiment Index fell by 1.3% in February, following a 2.0% decline in January. While market sentiment towards the economy improved, market sentiment towards finances waned. For the Kiwi Dollar Business PMI and electronic card retail sales figures were in focus late in the week. The stats were mixed, pegging the Kiwi Dollar back. In January, the Business PMI fell from 53.7 to 52.1, while electronic card retail sales jumped by 3.0%. Electronic card retail sales had risen by a modest 0.3% in December. For the Japanese Yen Household spending figures drew interest early in the week. The numbers fell short of expectations, with household spending rising by just 0.1% in December, In November spending had fallen by 1.20%. The Japanese Yen ended the week down by 0.14% to ¥115.420 against the U.S Dollar. In the week prior, the Yen had ended the week flat at ¥115.260. Out of China Caixin services and composite PMI numbers for January were in focus at the start of the week. The numbers disappointed, with the services PMI falling from 53.1 to 51.4. As a result, the composite PMI slipped from 51.0 to 50.1. In the week ending 11 th February, the Chinese Yuan rose by 0.10% to CNY6.3546. In the week prior, the Yuan had ended the week down by 0.35% to CNY6.3612 The Hang Seng Index ended the week up by 1.36%, with the CSI300 gaining 0.82. This article was originally posted on FX Empire More From FXEMPIRE: Silver Markets Give Up Half the Week’s Gains USD/CAD Slides as Protests Likely Reduce Canadian Economic Output Silver Prices Rebound from Session Lows as Yields Ease Natural Gas Price Rise but Warm Weather Looms Stock Markets Quiet on Friday FED Monetary Policy and Geopolitics Sink Bitcoin (BTC) View comments', 'It was a quiet week on theeconomic calendarin the week ending 11thFebruary.\nA total of 31 stats were monitored, following 76 stats in the week prior.\nOf the 31 stats, 12 came in ahead forecasts, with 19 economic indicators coming up short of forecasts. There were no stats that were in line with forecasts in the week.\nLooking at the numbers, 12 of the stats reflected an upward trend from previous figures. Of the remaining 19 stats, 16 reflected a deterioration from previous.\nInflation and jobless claims were key stats in the week.\nIn January, the U.S annual rate of inflation accelerated from 7.0% to 7.5%. The annual rate of inflation picked up from 5.5% to 6.0%.\nJobless claims were also Dollar positive. In the week ending 4thFebruary, initial jobless claims fell from 239k to 223k. Economists had forecast claims of 230k.\nAll in all, the stats continued to support a more aggressive rate path trajectory for the FED.\nWith concerns over the effect of inflation on consumption, consumer sentiment figures also drew attention on Friday.\nIn February, the Michigan Consumer Sentiment Index fell from 67.2 to 61.7. Economists had forecast an increase to 67.5.\nIn the week ending 11thFebruary, the Dollar Spot Index rose by 0.63% to end the week at 96.082. In the week prior, the Index had slid by 1.84% to 95.485.\nIt was a busier week, though the markets had to wait until Friday for key numbers from the UK.\nIn December, the economy contracted by 0.2%, with manufacturing production rising by just 0.2%. Production had risen by 0.7% in November, when the economy had expanded by 0.9%. Year-on-year, the economy grew by 6.5% in Q4, after having expanded by 7.0% in Q3. Quarter-on-quarter, the UK economy grew by 1.0%, which was in line with growth in the previous quarter.\nIn the week, thePoundrose by 0.24% to end the week at $1.3564. In the week prior, the Pound had risen by 0.97% to $1.3531.\nThe FTSE100 ended the week up by 1.92%, reversing a 0.67% loss from the previous week.\nIt was a particularly quiet week for the EUR. Key stats included German industrial production and trade data for January. The stats were skewed to the negative with industrial production taking an unexpected fall. In January, German industrial production fell by 0.3%, following a 0.2% decline in December.\nGermany’s trade data also disappointed, with the trade surplus narrowing from €10.8bn to €6.8bn in January.\nWhile the stats did influence, EU economic forecasts drew plenty of attention on Thursday.\nAccording to theExecutive Summary,\n• The EU entered the New Year on a weaker footing that previously expected.\n• After a soft-patch, the economic expansion is set to pick up pace in the second quarter.\n• The euro area economy is expected to grow by 4.0% in 2022 and by 2.7% in 2023.\n• Forecasts assume that the impact of the current wave of the pandemic will be short-lived.\n• Expectations are also for most of the supply bottlenecks to fade over the year.\n• Compared with the Autumn forecasts, inflation projections have been revised up due to persistently high energy prices.\n• Inflation in the euro area is projected to peak in Q1 of 2022 and remain above 3% until Q3.\n• Forecasts are for inflation to return to below 2% by 2023.\n• The balance of risks to the growth outlook is broadly even.\n• Looking beyond short-term uncertainties, improving labor market conditions, large accumulated savings, favorable financing conditions, and the full deployment of the Recovery and Resilience Facility (RFF) are supportive of an extended expansionary phase.\nFor the week, theEURfell by 0.86% to
**Last 60 Days of Bitcoin's Closing Prices:**
[46612.63, 48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-12
**Financial & Commodity Data:**
- Gold Closing Price: $1840.80
- Crude Oil Closing Price: $93.10
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $802,660,495,384
- Hash Rate: 248110330.00696588
- Transaction Count: 228189.0
- Unique Addresses: 604018.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.44
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Vancouver, British Columbia--(Newsfile Corp. - January 5, 2022) - LUXXFOLIO Holdings (CSE: LUXX) (OTCQB: LUXFF) (FSE: LUH), a Canada-based, vertically integrated digital asset company, has recorded a 31% increase in Bitcoin Equivalent reserves for the end of December. LUXXFOLIO, which focusses on Bitcoin mining and generating digital assets on the blockchain ecosystem, operates, through its wholly owned subsidiary LUXX Mining Division, an industrial scale cryptocurrency mining facility in the United States, powered primarily by renewable energy. For more information, please view the InvestmentPitch Media " video " which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "LUXXFOLIO" in the search box. Cannot view this video? Visit: http://www.investmentpitch.com/video/1_htmd7mjx/LUXXFOLIO-reports-gross-mining-margin-of-81-or-US817000-for-December-with-31-increase-in-Bitcoin-equivalent-reserves LUXXFOLIO's Bitcoin mine site is operating at a steady state of approximately 131 Petahash per second, and with an additional 2,190 Bitcoin miners scheduled for regular delivery over the next 2 quarters, the company is forecasting an increase of 174% in hash rate by the third quarter of 2022, excluding any positive impact of the immersion cooling system to be installed in calendar Q1 of 2022. The company achieved total monthly rewards of 20.5 Bitcoin during December, resulting in revenue of approximately US$1,010,000 or CDN$1.3 million and Bitcoin equivalent reserves of approximately 71.5, comprised of 66.7 Bitcoin and 60 Ethereum, an increase of 31% over the 54.5 Bitcoin equivalent reserves reported at the end of November. The company also achieved a gross mining margin of 81%, which is equivalent to US$817,000. The reported revenues exclude any adjustment for valuation changes in Bitcoin or Ethereum. Effective December, LUXXFOLIO's functional currency is now recorded in US dollars rather than Canadian dollars as previously reported. Story continues Ken MacLean, President of LUXX Mining Division, stated: " 2021 was quite a ride for crypto mining. With Bitcoin in a unique phase where the price and rewards are still high, we expect another year of solid growth as we build out further infrastructure and mining capacity ." The company recently closed an institutional led, oversubscribed, Bought Deal Financing of close to $10 million, with a syndicate led by PI Financial, that included Canaccord Genuity and M Partners. The shares are trading at $0.47 on the CSE under the symbol "LUXX". The company also trades on the OTCQB under the symbol "LUXFF" and recently began trading on the Frankfurt Exchange under the symbol "LUH". For more information on this investment opportunity, please visit the company's website www.luxxfolio.com , contact Dean Linden, CEO, at 604-398-3837 or email [email protected] , or follow the company on any of its social media platforms including twitter, YouTube, LinkedIn, Facebook, and Instagram. LUXXFOLIO also invites shareholders and potential investors to join the conversation on the LUXXFOLIO Holdings' Telegram group at: https://t.me/Luxxfolio . About InvestmentPitch Media InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors. CONTACT: InvestmentPitch Media Barry Morgan, CFO [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109113...
- Reddit Posts (Sample): [['u/GeigerBeaver', 'Freedom Convoy BTC Donation Wallet is Emptied', 129, '2022-02-12 00:08', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/', ' The Honkhonk Hodl fundraiser for the Freedom Convoy has hit their goal today of 21 BTC collected, approximately $1.1 million CAD. The wallet however does not contain the funds and has been transfering them out to 16 seperate wallets since Tuesday, February 8th. The BTC in these 16 wallets has remained untouched. \n\n[Donation Wallet](https://preview.redd.it/qbmz969jcah81.jpg?width=835&format=pjpg&auto=webp&s=1f052b6070737fd86209e6e61e11b187c8c0eafe)\n\n&#x200B;\n\n[ Outgoing Transactions from the Donation Wallet ](https://preview.redd.it/dckayjckcah81.png?width=1425&format=png&auto=webp&s=5679e3f6fa7c63d92b4dfe8cfad661a91758925b)\n\n \n\nYou can verify all the provided information using the links below:\n\nDonation page: [https://tallyco.in/s/lzxccm/](https://tallyco.in/s/lzxccm/)\n\nWallet address can be found in the Share tab.\n\nDonation Wallet Address: bc1qlc2gpmzrr9gded07d9a40lt2lq7pp2v7h4c5jx\n\nDownload Transaction Logs for the Wallet here: [https://btc.com/btc/address/bc1qlc2gpmzrr9gded07d9a40lt2lq7pp2v7h4c5jx](https://btc.com/btc/address/bc1qlc2gpmzrr9gded07d9a40lt2lq7pp2v7h4c5jx)\n\nLook up the transaction hash to find the recipient wallets here:\n\n[https://blockchair.com/](https://blockchair.com/)\n\n[https://www.blockchain.com/](https://www.blockchain.com/)', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/', 'sqce8z', [['u/Nazoragoth', 40, '2022-02-12 00:37', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwkp1m8/', 'Yeah, they are being duped left right and center.', 'sqce8z'], ['u/rnagikarp', 27, '2022-02-12 00:39', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwkpfzq/', '\nPlease I need a coffeezilla video about this', 'sqce8z'], ['u/HerderOfZues', 18, '2022-02-12 00:54', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwkrgp1/', "Have you seen the Freedom Convoy Silver coin yet?\n\nhttps://www.goldenstatemint.com/1-oz-Freedom-Truckin-MiniMintage-Proof-Silver-Round.html\n\nPrice of silver is $30.44 CAD/oz\nSelling for $55.61 USD/oz, $70.82 CAD/oz\nA nice 230% markup. But it's commemorative and will definitely appreciate in value. /s", 'sqce8z'], ['u/kab0b87', 19, '2022-02-12 01:06', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwkt46y/', "The world's largest ponzi scheme", 'sqce8z'], ['u/cleaningqueue', 103, '2022-02-12 01:06', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwkt8hm/', "I, for one, am completely *shocked* that a bitcoiner would just scam people like that!\n\nCouldn't have happened to a nicer group of people, though.", 'sqce8z'], ['u/supontario', 19, '2022-02-12 01:24', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwkvn1n/', 'GRIFTING TIME.', 'sqce8z'], ['u/_n0t_sure', 10, '2022-02-12 01:38', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwkxl4t/', "Yeah, but isn't that basically how wallet obscuring works?\n\nYou move funds between wallets unconnected with the owner to hide their identity.", 'sqce8z'], ['u/cowgoo', 13, '2022-02-12 02:49', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwl6zi9/', 'Made for those who bought a Trumpy Bear.', 'sqce8z'], ['u/Fenrrito', 25, '2022-02-12 03:13', 'https://www.reddit.com/r/ontario/comments/sqce8z/freedom_convoy_btc_donation_wallet_is_emptied/hwla1hh/', 'LOL....any scammer rt now has the ability to become rich, just mention "convoy", "freedom", "mandates" and u\'ll have a ton of "followers" giving u "donations"...lol', 'sqce8z']]], ['u/[deleted]', 'All my ETH and BTC is now in ALGO!', 143, '2022-02-12 00:46', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/', 'My total amount of ALGO has gone 🚀🚀🚀🚀\n\nneither up nor down bc I’ve never owned any ETH or BTC', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/', 'sqd873', [['u/gogogadgetdsmv', 14, '2022-02-12 00:55', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/hwkrmtj/', 'Fuck algo. Also, I think I will buy more.', 'sqd873'], ['u/steveblobby', 15, '2022-02-12 01:04', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/hwksufp/', "I love Algo, I've got a good sized bag, and I use yieldly too... but: price action is right poor, even when you zoom out 6 months or more. What's going on? Even though it fast, cheap, getting loads of use etc, it's steadily been falling for quite a bit now.", 'sqd873'], ['u/CryptoBumGuy', 18, '2022-02-12 01:20', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/hwkv68s/', "I've pretty much aped all into algo. Fuck all other blockchains.", 'sqd873'], ['u/No_Profession4323', 12, '2022-02-12 01:28', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/hwkw7z9/', 'This is the way', 'sqd873'], ['u/drhodl', 15, '2022-02-12 02:04', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/hwl0zrd/', "Err..so you didn't read about Accelerated Vesting before investing? So every time the price went up, Algo was released by the foundation to early backers. This had the effect of making Algo almost a stable coin. You invested in it for the staking rewards, mainly. Luckily, accelerated vesting completed a few months ago, just in time for a general market drop, but unluckily staking other than governance is ceasing, so hopefully we'll see some positive price action as the market recovers.", 'sqd873'], ['u/GoodmanSimon', 10, '2022-02-12 03:50', 'https://www.reddit.com/r/algorand/comments/sqd873/all_my_eth_and_btc_is_now_in_algo/hwlez5s/', 'Looks like not everyone read your post till the end...', 'sqd873']]], ['u/CompetitionFit8236', 'Where do you think Healthcare will be, ten years from now?', 16, '2022-02-12 00:58', 'https://www.reddit.com/r/healthcare/comments/sqdhj8/where_do_you_think_healthcare_will_be_ten_years/', "I am working on a paper on healthcare and am looking at where the whole healthcare industry is heading in ten years? There are many players (patients, pharmaceuticals, healthcare service providers, insurance companies, regulators like FDA, etc) in this field and if you can be specific about what your prediction means to any of these players, that would even be better.\n\nAny predictions I am using in my paper - I will gift a reddit gold or 5$ worth of bitcoin. I know it's not a lot but hey, you'd want to predict the future anyway so why not get a gold for that...\n\nThank you.", 'https://www.reddit.com/r/healthcare/comments/sqdhj8/where_do_you_think_healthcare_will_be_ten_years/', 'sqdhj8', [['u/LieutenantDave', 11, '2022-02-12 01:10', 'https://www.reddit.com/r/healthcare/comments/sqdhj8/where_do_you_think_healthcare_will_be_ten_years/hwktojc/', "Where manufacturing was 10 years ago. That's a serious answer.\n\nFor another serious answer, healthcare is moving towards the patients, preferably into their homes. What you will see is hospitals being used only for the highest acuity cases. Urgent cares will continue to expand their role in healthcare as well as outpatient surgery centers. As many services as possible will be performed in the patient's home thanks to the increasing prevalence and ease-of-use of home health care technologies.\n\nSome specialties, radiology in particular, will probably cease to exist as we know it. There's no reason most radiology can't be outsourced to the lowest cost-of-living areas in the US.\n\nYou'll see increasing scope of practice for providers other than MDs. Nurse practitioners, for example, will provide much more mid-tier care than we currently see.\n\nIn 20 years, we MAY see surgeries consolidated to a handful of super surgeons operating robots remotely. Probably it’s still localized and you need a local heart surgeon but maybe not.\n\nEdit: Somehow forgot one of the big ones from our strategy documents. Capitation.", 'sqdhj8'], ['u/Caju3', 17, '2022-02-12 04:16', 'https://www.reddit.com/r/healthcare/comments/sqdhj8/where_do_you_think_healthcare_will_be_ten_years/hwliabd/', 'Im thinking (and hoping) someone does what Mark Cuban is doing with medications. Hes going straight to the manufacturer and reselling to the public at a small premium to cover costs. I think something like this is completely doable with health insurance plans. Health care costs should cost as much as a cellphone bill at most!', 'sqdhj8']]], ['u/VampIre_HRST', 'Bitcoin: Currency of Resistance', 65, '2022-02-12 01:13', 'https://www.reddit.com/r/Bitcoin/comments/sqdtmx/bitcoin_currency_of_resistance/', '[Max Keiser about Bitcoin - January 2011.](https://www.youtube.com/watch?v=so1x4hunlII)', 'https://www.reddit.com/r/Bitcoin/comments/sqdtmx/bitcoin_currency_of_resistance/', 'sqdtmx', [['u/Offica_Farva', 17, '2022-02-12 01:20', 'https://www.reddit.com/r/Bitcoin/comments/sqdtmx/bitcoin_currency_of_resistance/hwkv294/', "Max Keiser was reporting about Bitcoin in 2011. He's been right this entire time", 'sqdtmx'], ['u/llewsor', 31, '2022-02-12 01:33', 'https://www.reddit.com/r/Bitcoin/comments/sqdtmx/bitcoin_currency_of_resistance/hwkwwf8/', 'people hate on him but he was the only news show openly talking about bitcoin and interviewing bitcoiners and also espousing how it would change the world all the way back in 2011. fucking legend.', 'sqdtmx']]], ['u/little-eagle', '$2500 SatoshiSwap giveaway. 5x$500 up for grabs to celebrate the launch of our token SatoshiSwap!', 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.
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42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03
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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:**
['It was a particularly bullish start to the weekend for Ripple’s XRP . On Saturday, XRP rallied by 7.11% to end the day at $0.8136. The breakout session ended a 3-day losing streak that had seen XRP retreat from a Wednesday current year high $0.9154. Crypto market forces, driven by the NASDAQ 100 and market jitters over a possible Russian invasion of the Ukraine had weighed. SEC v Ripple Progress Remains XRP Positive SEC v Ripple news updates have continued to deliver XRP with much-needed support. On Wednesday, updates on the SEC v Ripple case had been XRP positive. The crypto markets reacted favorable to news of case judge Analisa Torres granting a number of motions in favor of Ripple. Court documents detail the motions in which Ripple motions were granted and denied. XRP struck its current year-high in response before succumbing to crypto market forces. Following the mid-week news, Ripple filed a motion late last week to compel the SEC to share meeting notes from a November 2018 meeting between former SEC acting chairman Elad Roisman and Ripple’s Brad Garlinghouse. The news delivered support on Saturday. The motion suggestions that disclosure of the meeting notes could favor Ripple’s position in the case. Other Lawsuits Yet to Gain Traction While the main area of focus is on the SEC v Ripple case, there have been a number of conflict of interest claims against the SEC. Late last year, we reported on Empower Oversight filing a lawsuit against the SEC. Empower Oversight alleged that former SEC officials were biased against Ripple Lab and XRP in favor of Ethereum ( ETH ). To date, SEC Chair Gensler continues to dodge questions on whether Ethereum is a security. Earlier this month, the SEC took another blow, with lawyers representing non-U.S XRP investors demanding an investigation into the SEC’s actions against Ripple Lab. As we reported, the petition claimed that “ the SEC enforcement actions on cryptocurrencies have involved the appearance of improper ties and conflicts of interest among officials, and should be investigated ”. Importantly, the petition also points out that petition attorney John Deaton “ has compiled evidence that SEC officials may have colluded with outside parties to regulate cryptocurrencies in line with their personal financial interests” . Story continues Both actions against the SEC focus on the conflict-of-interest issue that remains a key component to the Ripple case. Following the motions from early last week, the SEC has until 17 th February to make public sealed documents that could shed more light on how the SEC viewed XRP back in 2012. Should the documents reveal that the SEC did not view XRP as a security, it could prove to be decisive. XRP Price Action At the time of writing, XRP was up by 0.10% to $0.8162. For the day ahead XRP would need to avoid the day’s $0.8045 pivot to support a run at the first major resistance level at $0.8611. XRP will likely face plenty of resistance at Saturday’s high $0.8520. In the event of another breakout, XRP could test resistance at $0.90 before any pullback. The second major resistance level sits at $0.9087. A fall through the day’s $0.8045 pivot would bring the first major support level at $0.7569 into play. Barring an extended sell-off, however, XRP should steer well clear of the day’s major support levels. Looking at the EMAs and 4-hourly candlesticks (below), the 50-day EMA continues to pull away from the 100-day EMA and 200-day EMAs after Friday’s bullish cross. For XRP, avoiding a fall through the 100-day EMA currently at $0.74 levels will be key near-term. Over the near-term, a move back through to $1.00 levels would then bring November’s high $1.348 into view. Price action will hinge on SEC v Ripple news updates. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Slides as Protests Likely Reduce Canadian Economic Output Stock Markets Quiet on Friday FED Monetary Policy and Geopolitics Sink Bitcoin (BTC) Hungary Central Bank Calls for Crypto Mining and Trading Ban The Weekly Wrap – U.S Inflation Delivers a Dollar Boost SEC v Ripple News Delivers an XRP Weekend Breakout', 'It was a particularly bullish start to the weekend for Ripple’sXRP. On Saturday, XRP rallied by 7.11% to end the day at $0.8136. The breakout session ended a 3-day losing streak that had seen XRP retreat from a Wednesday current year high $0.9154. Crypto market forces, driven by the NASDAQ 100 and market jitters over a possible Russian invasion of the Ukraine had weighed.\nSEC v Ripple news updates have continued to deliver XRP with much-needed support. On Wednesday, updates on the SEC v Ripple case had been XRP positive. The crypto markets reacted favorable tonewsof case judge Analisa Torres granting a number of motions in favor of Ripple.Court documentsdetail the motions in which Ripple motions were granted and denied. XRP struck its current year-high in response before succumbing to crypto market forces.\nFollowing the mid-week news, Ripple filed amotionlate last week to compel the SEC to share meeting notes from a November 2018 meeting between former SEC acting chairman Elad Roisman and Ripple’s Brad Garlinghouse. The news delivered support on Saturday. The motion suggestions that disclosure of the meeting notes could favor Ripple’s position in the case.\nWhile the main area of focus is on the SEC v Ripple case, there have been a number of conflict of interest claims against the SEC.\nLate last year, wereportedon Empower Oversight filing a lawsuit against the SEC. Empower Oversight alleged that former SEC officials were biased against Ripple Lab and XRP in favor of Ethereum (ETH). To date, SEC Chair Gensler continues tododgequestions on whether Ethereum is a security.\nEarlier this month, the SEC took another blow, with lawyers representing non-U.S XRP investorsdemandingan investigation into the SEC’s actions against Ripple Lab. As we reported, thepetitionclaimed that “the SEC enforcement actions on cryptocurrencies have involved the appearance of improper ties and conflicts of interest among officials, and should be investigated”. Importantly, the petition also points out that petition attorney John Deaton “has compiled evidence that SEC officials may have colluded with outside parties to regulate cryptocurrencies in line with their personal financial interests”.\nBoth actions against the SEC focus on the conflict-of-interest issue that remains a key component to the Ripple case. Following the motions from early last week, the SEC has until 17thFebruary to make public sealed documents that could shed more light on how the SEC viewed XRP back in 2012. Should the documents reveal that the SEC did not view XRP as a security, it could prove to be decisive.\nAt the time of writing, XRP was up by 0.10% to $0.8162. For the day ahead XRP would need to avoid the day’s $0.8045 pivot to support a run at the first major resistance level at $0.8611. XRP will likely face plenty of resistance at Saturday’s high $0.8520. In the event of another breakout, XRP could test resistance at $0.90 before any pullback. The second major resistance level sits at $0.9087.\nA fall through the day’s $0.8045 pivot would bring the first major support level at $0.7569 into play. Barring an extended sell-off, however, XRP should steer well clear of the day’s major support levels.\nLooking at the EMAs and 4-hourly candlesticks (below), the 50-day EMA continues to pull away from the 100-day EMA and 200-day EMAs after Friday’s bullish cross. For XRP, avoiding a fall through the 100-day EMA currently at $0.74 levels will be key near-term.\nOver the near-term, a move back through to $1.00 levels would then bring November’s high $1.348 into view. Price action will hinge on SEC v Ripple news updates.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Slides as Protests Likely Reduce Canadian Economic Output\n• Stock Markets Quiet on Friday\n• FED Monetary Policy and Geopolitics Sink Bitcoin (BTC)\n• Hungary Central Bank Calls for Crypto Mining and Trading Ban\n• The Weekly Wrap – U.S Inflation Delivers a Dollar Boost\n• SEC v Ripple News Delivers an XRP Weekend Breakout', 'After years of fine-tuning its technology, Cardano has finally launched its first DEX on January 20, called SundaeSwap. On the day of its launch, its TVL reached $4.3 million. Cardano’s token, ADA, rose 10% the previous week in anticipation. Has Cardano ’s time finally arrived? What is Cardano Founded in 2015, Cardano calls itself Blockchain 3.0. It aims to combine the best of Bitcoin and Ethereum to solve problems related to scalability, interoperability and sustainability. Cardano’s strength lies in its academic and scientific philosophical foundation. IOHK is one of Cardano’s development foundations and is responsible for working with teams of academics around the world to research and review updates to the protocol to ensure it is scalable. Cardano has a great long-term vision for cryptocurrencies. It believes that the new technology of blockchain should be at the service of businesses or financial systems. It wants to create a chain that can support thousands of transactions per second, a platform that allows governments and businesses to track information about the system, and even enable democratic governance. Controversy surrounding Cardano ADA is currently ranked seventh in terms of market cap and 15th in terms of 24h trading volume. Footprint Analytics – ADA Price and Volume Despite its high market cap, Cardano is a polarising project. Here’s why some people it is grossly overrated. The development of Cardano has been slow… Cardano only launched its first smart contracts in September, 2021, about six years after the mainnet went live. While there are over 170 projects on the Cardano chain that say they are under construction, only five so far are live. One of those is SundaeSwap. Footprint Analytics – Protocols on Cardano ADA tokens lack application scenarios… ADA’s current role is only for s
**Last 60 Days of Bitcoin's Closing Prices:**
[48896.72, 47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-13
**Financial & Commodity Data:**
- Gold Closing Price: $1840.80
- Crude Oil Closing Price: $93.10
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $806,182,744,238
- Hash Rate: 209633326.9577572
- Transaction Count: 208977.0
- Unique Addresses: 590527.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.44
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Edited by James Rubin) Good morning. Here’s what’s happening this morning: Market moves: Bitcoin’s relief rally” appears to be temporary, after major central banks announced plans to battle high inflation Technician’s take: Bitcoin could see a brief price bounce, although sellers remain in control. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin ( BTC ): $47, 683 -2.3% Ether ( ETH ): $3,981 -1.54% Markets S&P 500: $4,668 -0.8% Dow Jones Industrial Average: $35,896 -0.08% Nasdaq: $15,180 -2.4% Gold: $1,798 +1% Market moves Bitcoin’s “relief rally” after the U.S. Federal Reserve officials approved the acceleration of its plan to withdraw the pandemic stimulus efforts appeared to be short-lived, as the oldest cryptocurrency dropped below $48,000 on Thursday. The drop came after major U.S. stock indexes fell amid plans by Europe’s top central banks to battle high inflation. The S&P 500, Dow Jones Industrial Average and tech-heavy Nasdaq Composite declined , the Nasdaq by over 2%. “Bitcoin and [Big Tech] are getting punished today as investors reallocate some of their more profitable risky bets,” Edward Moya, senior market analyst of the Americas at OANDA, wrote in his newsletter. “The crypto space is seeing a lot of repositioning and that is leading to some unwanted selling pressure, but the medium- and -long-term outlooks remain firmly in place.” Bitcoin’s spot trading volume across major centralized exchanges was also low on Thursday. (CoinDesk/CryptoCompare) Alternative cryptocurrencies also fell. Ether dropped below $4,000 again and yesterday’s biggest winners including solana and avalanche were in the red too, at the time of publication. Technician’s take Bitcoin Oversold Near $46K Support; Resistance at $55K Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView) Bitcoin (BTC) continues to hold support above $46,000, which is near its 200-day moving average. The cryptocurrency could see a brief price bounce toward $55,000 if buyers react to oversold signals on the charts. Story continues Price momentum is starting to turn positive on the daily chart for the first time since October, which preceded a price recovery. This time, however, the uptrend is slowing on the weekly chart, which means upside could be limited beyond $55,000 to $60,000. The relative strength index ( RSI ) on the daily chart is the most oversold since late September, although buying has been weak relative to prior RSI signals. Important events 12 a.m. HGT/SGT (8 a.m. UTC): New Zealand business confidence (Dec.) 12 p.m. HGT/SGT (3 a.m. UTC): Bank of Japan policy statement 3 p.m. HGT/SGT (7 a.m. UTC): U.K. retail sales except fuel (Nov. YoY/MoM) CoinDesk TV In case you missed it, here are the most recent episodes of “First Mover” on CoinDesk TV : AccuWeather Partners With Chainlink to Apply Weather Data on Blockchain, State of India’s Crypto Ban and More “First Mover” hosts spoke with Paul Lentz, senior vice president of Business Development at Accuweather about the company teaming up with Chainlink to apply weather data on the blockchain. WazirX co-founder and Chief Operating Officer Siddharth Menon shared crypto market analysis and discussed the state of India’s crypto regulation. Plus, CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De shed light on relevant regulatory news. Latest headlines French Central Bank Completes First Stage of Its CBDC Experiments: The final stage of the first tranche of experiments consisted of the issuance of a digital bond on a blockchain with settlement in CBDC. Melania Trump Pitches NFT Plans; ‘Cobalt Blue Eyes’ Captivate Crypto Twitter: The former first lady is donating some of the proceeds from her first sale to help children in the foster care system. India’s Biggest Crypto Exchange Saw 17-Fold Jump in Trading Volume in 2021: Crypto adoption is booming in semi-urban and rural areas of India despite lingering regulatory deadlock. NBA Top Shot Maker Dapper Labs Commits $80M for Startup Acquisitions: Dapper already bought a “young, scrappy company” but wouldn’t say which. 8 Trends That Will Shape Bitcoin Mining in 2022: CoinDesk’s first year-end survey of crypto miners reveals a competitive but mature business with the potential for merger activity to accelerate. Longer reads Web 3 Is More Than Fun and Games; It’s for Work: The internet is where culture forms. How can we make it as secure as possible? Today’s crypto explainer: A Crypto Guide to the Metaverse Other voices: Secret Chats Show How Cybergang Became a Ransomware Powerhouse: As the ransomware industry exploded, a Russian-speaking outfit called DarkSide offered would-be computer crooks not just the tools, but also customer support. We got an inside look. (The New York Times) Said and heard “Despite bitcoin’s recent 39% correction, the number of addresses with a non-zero balance continues to break all-time highs. Also, since the $69,000 all-time high, the Canadian Bitcoin Purpose ETF has added 6,341 BTC in assets under management, representing a 26.2% increase in coin holdings. This suggests institutional interest is prevalent at these prices and that whales are buying up bitcoin supply during this correction.“ ( GlobalBlock analyst Marcus Sotiriou/CoinDesk ) ... “Remote work requires a set of tools for communication, information sharing and project management, but we are already seeing the dire consequences of these tools in regard to individual privacy and organizational security – which are overlapping sets.” ( David Chaum, legendary cryptography, privacy advocate/CoinDesk ) ...“Their price can vary quite considerably and [bitcoins] could theoretically or practically drop to zero,” he told the BBC. ( Bank of England Deputy Governor Sir Jon Cunliffe/The Guardian )...
- Reddit Posts (Sample): [['u/Forgetaboutthelonely', 'Anti-feminism is necessary for gender equality.', 298, '2022-02-13 00:03', 'https://www.reddit.com/r/MensRights/comments/sr3rr2/antifeminism_is_necessary_for_gender_equality/', 'being against feminism is necessary for gender equality. This is a pretty long post. So I\'m going to divide it into four main categories. Also this is a patchwork of various comments I\'ve saved across reddit. Thanks to the original creators I have lost some of your names but if you see something you wrote and want to be credited. leave a comment and I\'ll edit it in. \n\n***\nFeminist theory and underlying beliefs\n***\nMisleading feminist statistics to reinforce said beliefs\n***\nInnate human biases that feminist advocacy weaponizes. \n***\naddressing the "true scotsman"\n***\n\n**Feminist theory and underlying beliefs**\n\nTo get into the first section. To quote a popular post on the subject \n\nBecause the foundational views of feminism and it\'s most influential advocates are anti-male in their nature. \n\n All forms of Feminism hold the following premises as self-evident: \n \n* Society is Male Dominated\n \n* Male dominance privileges men over women\n \n* While some men can sometimes be harmed by this system, the system itself is set up to privilege men and subjugate women for mens express benefit.\n \n* Men are in power and the system operates to benefit and serve mens\' needs, drives, and interests at the expense of womens\' needs, drives, and interests.\n \nThis could be described as "class warfare between men and women, with men winning".\n \nIf these are true, then society is this way because men want it to be so. Since society is (supposedly) male dominated and serves to benefit mens\' needs drives and interests, the subjugation of women must be in-keeping with mens\' inclinations. \n \nTherefore, it is in-keeping with mens inclinations to oppress, subjugate, beat, rape, and violate women, including their own mothers, sisters, daughters, wives, girlfriends, and every other women they claim to "love". If a man does not do these things to the women in his life, he is complicit and tacitly supporting the system that allows other men to do this to the women in his life. \n \nWomen, being the subjugated class, cannot be held accountable for this, in the same way one cannot hold slaves accountable for their own slavery, even if they perpetuate the system through their actions and personal beliefs.\n \nFurther, even the immense influence a mother has over her child - one that shapes and moulds the child\'s adult personality, values, and sense of belonging - has been unable to raise men that won\'t oppress them. Women are singularly incompetent in the face of male monstrosity. And men are foolish too, because they leave their offspring in the care of those who are seen as lessers.\n\n***\n**Misleading feminist statistics that reinforce these beliefs**\n \nThe information needed to confirm this belief of male monstrosity is often brought out by feminist academics injecting their bias into their methodology. and creating and disseminating inaccurate statistics.\n\nTwo such excellent examples of where this has happened are in the areas of rape and domestic violence. On the topic of the feminist approach to domestic violence. We have the Duluth model. \n\nthe Duluth Model is the most common batterer intervention program used in the United States. (it\'s also the basis for a number of other programs across the world) \n\nThe **feminist theory** underlying the Duluth Model is that men use violence within relationships to exercise power and control.\n\nHowever, Ellen Pence (the creator) herself has written,\n\n>"By determining that the need or desire for power was the motivating force behind battering, we created a conceptual framework that, in fact, did not fit the lived experience of many of the men and women we were working with. The DAIP staff [...] remained undaunted by the difference in our theory and the actual experiences of those we were working with [...] It was the cases themselves that created the chink in each of our theoretical suits of armor. Speaking for myself, I found that many of the men I interviewed did not seem to articulate a desire for power over their partner. Although I relentlessly took every opportunity to point out to men in the groups that they were so motivated and merely in denial, the fact that few men ever articulated such a desire went unnoticed by me and many of my coworkers. Eventually, we realized that we were finding what we had already predetermined to find."[22]\n\nThis is further debunked by Professor Murray A. Straus. who is best known for creating the conflict tactics scale, the "most widely used instrument in research on family violence"\n\nIn the following study \n\n[Thirty Years of Denying the Evidence on Gender Symmetry in Partner Violence: Implications for Prevention and Treatment](https://www.researchgate.net/publication/233717660_Thirty_Years_of_Denying_the_Evidence_on_Gender_Symmetry_in_Partner_Violence_Implications_for_Prevention_and_Treatment)\n\nIt summarizes results from more than 200 studies that have found gender symmetry in perpetration and in risk factors and motives for physical violence in martial and dating relationships. It also summarizes research that has found that most partner violence is mutual and that self-defense explains only a small percentage of partner violence by either men or women. The second part of the article documents seven methods that have been used to deny, conceal, and distort the evidence on gender symmetry (Often by feminist groups) Now. On top of this being more recent evidence. \n\nWe have also known about this as far back as the first domestic violence shelter. founded in 1971. By Erin Pizzey. \n\nWho had the same findings as Straus and all of the studies he cites. But she was chased out of her home and country with bomb threats from feminists when she expressed interest in opening a similar shelter for men\n\nNow. Let\'s move on to rape. \n\nFeminists are also responsible for stopping male victims of female rapists from being recognized in [India](https://archive.is/5bP77), [Israel](https://m.jpost.com/Israel/Womens-groups-Cancel-law-charging-women-with-rape), [Nepal] (https://kathmandupost.com/national/2020/12/11/ordinance-amends-law-on-rape-but-fails-to-recognise-rape-of-boy-child-and-sexual-minorities) and [the USA](https://recalculatingthegenderwar.tumblr.com/post/119784319421/influential-rape-researcher-mary-koss-claims-male)\n\nNow, Let\'s focus on that last one.\n\nFor statistical reporting, rape has been carefully defined as forced penetration of the victim in most of the world. You should listen to this feminist professor Mary P Koss explain that a woman raping a man isn\'t rape. Hear her explain in her own voice just a few years ago - https://clyp.it/uckbtczn. I encourage you to listen to what she is saying. (Really. Listen to it! Think about it from a man\'s perspective.)\n\nShe is considered the foremost expert on sexual violence in the US. And is an advisor to the CDC, FBI, Congress, and researchers around the world and promoting the idea that men cannot be raped by women.\n\nThat is where most people get the idea rape is just a man on woman crime. Men are fairly rarely penetrated and it is almost always by another man. This also means that all of those stories you hear about a female teacher raping their underage students, according to the official government rape statistics, are not rape.\n\nBUT [if being made to penetrate someone was counted as rape—and why shouldn’t it be?—then the headlines could have focused on a truly sensational CDC finding: that women rape men as often as men rape women.](https://archive.is/jZ85Y#selection-1073.16-1073.217)\n\nWhen you actually do the work to include male victims. The idea of "patriarchy" and male monstrosity towards women evaporates. \n\nSo why is it that the idea still endures? Well aside from the notion that feminist academics are building their entire careers on the backs of these beliefs and as such have a vested interest in continuing to propagate them. there\'s \n***\n\n**Innate human biases that feminist advocacy weaponizes.**\n\nFeminist advocacy also weaponizes a number of innate and studied human biases that subconsciously push us to promote women\'s protection and their issues over men. Human beings are a gynocentric species – this means that we prioritize the needs and wellbeing of women over men. This is an evolved instinct that came about as a result of women being the limiting factor in reproduction – ie. women have a much lower ceiling on how many offspring they can physically produce – and in small communities that are subsisting this makes them highly important because they potentially hold the key to whether or not the collective will survive at all. This is why we traditionally send only men to war, this is why we have the “women and children first” Birkenhead Drill, this is why people are more likely to put themselves at risk to save a woman in danger than a man – and it’s why we have feminism. Feminism has taken our gynocentrism and weaponized it.\n\nAnd here are some studies to reaffirm that.\n\n* [Men lack an in-group bias based on gender](https://archive.vn/AHfJo)\n* [Men are more willing to sacrifice men than women](https://archive.ph/kf6f2)\n* [Men and women have a negative reaction to studies that show sex differences favouring men. But positive reaction for the opposite.](https://www.researchgate.net/publication/334751470_Reactions_to_Male-Favouring_vs_Female-Favouring_Sex_Differences_A_Preregistered_Experiment_and_Southeast_Asian_Replication)\n* [Stereotypes have changed over time and now more people think women are superior to men than the other way around.](https://www.apa.org/pubs/journals/releases/amp-amp0000494.pdf)\n* [Men are more likely to be altruistic to women than to men.](https://link.springer.com/arti...
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.
|
42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57
|
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:**
['The year 2020 was historically bizarre (to put it kindly), but 2021 wasn’t exactly smooth sailing. Sure, the U.S economy partly rebounded from the initial blows of the pandemic; and, for a precious few months, it looked like COVID may be waning — but behind the scenes, complex governmental changes were underway. Oh, and the pandemic definitely did not end; in fact, it got worse, with more people dying from the virus in 2021 than the year prior. Tax Day 2022: When Are the First and Last Days To File? More: Should You File Early This Year? While the pandemic raged on, Congress got busy building strategies to help Americans stay afloat. In March 2021, it passed the $1.9 trillion American Rescue Plan Act — a kind of expansion on the $2.2 trillion CARES act passed in March 2020. Under the new plan, citizens received various aid, some of which is now coming back to haunt their tax returns . In other words, the benefits we received as part helped lessen our burden to the federal government, which in turn could lower the amount we’re entitled to as a tax refund. Here’s a look at all the reasons you may not be getting a refund this year . Most of them are beyond your control, but there are cases where you should definitely follow up directly with the IRS. You Received Advanced Child Tax Credit Payments “Many families will recall that, starting in July 2021, they started receiving monthly deposits (or checks) from the IRS as part of the government’s COVID-relief measures,” said Taylor Hoffman , an investment advisor and director of financial planning. “These payments were unlike the stimulus payments received throughout 2020 and 2021, in that they were actually partial prepayments of the child tax credit that many families receive on their tax return each year (whereas the stimulus payments were more like free money).” The child tax credit is a dollar-for-dollar write-off on your tax bill, Hoffman explained: “So, in other words, the IRS was paying people up front for a tax credit they would have otherwise received when they filed their taxes.” Story continues Last year’s child tax credit may cause some people to not get a refund because the IRS paid families up to half of their eligible child tax credit. “Therefore,” Hoffman said, “when those families go to file their taxes, they will only have half of the credit left to use as a write-off.” We Asked: Are You Actually Spending Your Child Tax Credit Payment? Take Our Poll You Saw Investment Gains “U.S stocks had a fantastic year in 2021, with the S&P 500 returning nearly 29%. Other assets like cryptocurrencies boomed, with Bitcoin gaining 60% in 2021 and Ethereum returning nearly 400%,” said Scott Caufield, principal at Sophos Wealth Management . “Investors who realized some of their gains might find their taxes increasing quite a bit this year. Owners of mutual funds might be surprised to find they received capital gains distributions in 2021 that they will owe taxes on.” You Heeded the Student Loan Moratorium “The moratorium on payments has been extended into mid-2022 by the Biden administration,” said Ryan McCarty, owner/CEO of McCarty Money Matters . “This has been a saving grace throughout the pandemic, (but) paying no student loan interest means no student loan deduction. Depending on how much interest you pay in a given year, this can be either a negligible or sizable difference year over year in your overall tax picture.” Advice: 10 Best Ways To Use Your Tax Refund if It’s Not Very Big You Collected Unemployment “Unemployment income is a big one and presently on everyone’s minds,” McCarty said. “In 2021, we saw a taxable exclusion on the first $10,200 of unemployment income received in 2020. This so far is not the case in 2022. If someone received only unemployment during 2021, the results may be negligible as your first dollars received are taxed at extremely low rates. If this was in addition to income received by a new job/endeavor, it could add a nice chunk of dollars that had no withholding.” You Freelanced or Side-Hustled “If you supplemented your lost income in 2021 by working as a contractor and received 1099s rather than W-2s, we can only hope you set some aside to pay for your self-employment tax rates,” McCarty said. “This is certainly an eye opener for those that have never dealt with such things.” You Didn’t Make Enough Withheld Income “If you didn’t work the entire year, either due to quitting or layoffs — both extremely relevant during 2021 — you will find yourself with less tax withheld from your check,” McCarty said. “If you did not adapt your withholding properly along the way via your W-4 with employers, you could be exposed to a vastly different number compared to years past.” You Traded or Sold Crypto “Selling cryptocurrency or trading cryptocurrency for another cryptocurrency is considered a sale of property, and any gain is subject to capital gains tax,” said Yvette D. Best, owner of Best Tax Solutions LLC . “Cryptocurrency transactions typically result in short-term gains (tax on profits from the sale of an asset held for a year or less) and the capital gains tax rate is equal to your ordinary income tax rate.” Taxes 2022: Questions About Your Crypto Purchase to Ask An Accountant Before You File You Are the Victim of Identity Theft “ Identity theft is on the rise,” said Steven Jager, CPA and partner with Fineman West . “When someone files a tax return electronically using someone’s Social Security number (illegitimately), and then the ‘real’ tax return is filed legitimately, it is rejected. It must then be filed on paper and manually processed after the identity theft is investigated. It is a lengthy process and refunds can take a VERY long time to be received. We actually had a case where the refund of nearly a million dollars was just finally received on a tax return filed some years ago.” The IRS Is Understaffed and Backlogged “The IRS has a serious backlog of unprocessed regular filed tax returns and amended tax returns that will delay processing in 2022,” said Trenda Hackett, technical tax editor at Thomson Reuters Tax and Accounting . “In fact, as of late December, the IRS had backlogs of 6 million unprocessed original individual returns (Form 1040), 2.3 million unprocessed individual amended returns and about 5 million pieces of unprocessed taxpayer correspondence.” If your tax information was amended or corrected and indicates that you are owed a refund, you might not receive a dime through no fault of your own, but because your account has not been updated by the IRS. If you haven’t received your tax refund after six weeks of submitting your return, seek help from your local IRS office or call the federal agency. You also can check the status of your refund here . More From GOBanking Rates GOBankingRates’ Best Banks of 2022: Live Richer by Banking Better Bank Accounts That Will Help Supplement and Grow Your Social Security How Has COVID-19 Impacted The 2022 Tax Season? The 20 Best Online Banks of 2022 This article originally appeared on GOBankingRates.com : Reasons You Might Not Get a Tax Refund This Year', 'The year 2020 was historically bizarre (to put it kindly), but 2021 wasn’t exactly smooth sailing. Sure, the U.S economy partly rebounded from the initial blows of the pandemic; and, for a precious few months, it looked like COVID may be waning — but behind the scenes, complex governmental changes were underway. Oh, and the pandemic definitely did not end; in fact, it got worse, with more people dying from the virus in 2021 than the year prior.\nTax Day 2022:When Are the First and Last Days To File?More:Should You File Early This Year?\nWhile the pandemic raged on, Congress got busy building strategies to help Americans stay afloat. In March 2021, it passed the $1.9 trillion American Rescue Plan Act — a kind of expansion on the $2.2 trillion CARES act passed in March 2020. Under the new plan, citizens received various aid, some of which is now coming back to haunt theirtax returns. In other words, the benefits we received as part helped lessen our burden to the federal government, which in turn could lower the amount we’re entitled to as a tax refund.\nHere’s a look at all the reasons you may not be getting a refund this year. Most of them are beyond your control, but there are cases where you should definitely follow up directly with the IRS.\n“Many families will recall that, starting in July 2021, they started receiving monthly deposits (or checks) from the IRS as part of the government’s COVID-relief measures,” saidTaylor Hoffman, an investment advisor and director of financial planning. “These payments were unlike the stimulus payments received throughout 2020 and 2021, in that they were actually partial prepayments of the child tax credit that many families receive on their tax return each year (whereas the stimulus payments were more like free money).”\nThe child tax credit is a dollar-for-dollar write-off on your tax bill, Hoffman explained: “So, in other words, the IRS was paying people up front for a tax credit they would have otherwise received when they filed their taxes.”\nLast year’s child tax credit may cause some people to not get a refund because the IRS paid families up to half of their eligible child tax credit.\n“Therefore,” Hoffman said, “when those families go to file their taxes, they will only have half of the credit left to use as a write-off.”\nWe Asked:Are You Actually Spending Your Child Tax Credit Payment? Take Our Poll\n“U.S stocks had a fantastic year in 2021, with the S&P 500 returning nearly 29%. Other assets like cryptocurrencies boomed, with Bitcoin gaining 60% in 2021 and Ethereum returning nearly 400%,” said Scott Caufield, principal atSophos Wealth Management. “Investors who realized some of their gains might find their taxes increasing quite a bit this year. Owners of mutual funds might be surprised to find they received capital gains distributions in 2021 that they will owe taxes on.”\
**Last 60 Days of Bitcoin's Closing Prices:**
[47665.43, 46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-14
**Financial & Commodity Data:**
- Gold Closing Price: $1868.00
- Crude Oil Closing Price: $95.46
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $801,153,458,500
- Hash Rate: 202999360.9147902
- Transaction Count: 247592.0
- Unique Addresses: 630477.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.46
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The governor of the Bank of Japan Kuroda Haruhiko said Friday that Japan must collaborate with the U.S. and Europe to work on possible CBDC norms. The cooperation must look into creating global standards on technical aspects of a central bank digital currency (CBDC), he said. How Close Is Japan to a digital yen? Speaking during a parliament session, the governor said that Japan is “proceeding with experiments” and a plan to consider a specific design of CBDC, Reuters reported. Japan hasn’t decided yet on whether to issue a CBDC or not. The decision might follow after close consultation between the BOJ, government and private entities, he said. He also answered a lawmaker’s question that the country may be able to decide on a CBDC around 2026. “What’s most important is for the idea to get sufficient understanding by the public,” Kuroda said at the parliament gathering. Tokyo is closely watching its rival China’s “fast-paced” digital yuan developments, Finance Minister Shunichi Suzuki said during the parliament session. Japan’s CBDC Moves It all started in April 2021 when the Bank of Japan started its first phase of CBDC trials. The bank’s executive director Shinichi Uchida said that if there is a CBDC roll out anytime soon, it would need to co-exist with private-sector payment services. The private sector was quick enough to respond to this idea, forming a consortium of approximately 70 Japanese firms and three of Japan’s mega-banks – Mitsubishi UFJ Financial Group Inc , Mizuho Financial Group Inc , and Sumitomo Mitsui Financial Group Inc – to launch a yen-pegged digital currency. It is important to note that the consortium had an end goal of launching the digital currency – dubbed DCJPY – by fiscal 2022. The consortium has been pushing the launch sooner, as the pandemic has been driving-away cash usage in the country, encouraging the people to look for digital money options. This article was originally posted on FX Empire More From FXEMPIRE: Polygon dApps Hit a Record High of 7000 As MATIC Struggles at $1.6 The NASDAQ Directs Bitcoin (BTC) and the Broader Crypto Market EUR/USD Tests Support At 1.1150 Ethereum London Hard Fork Is Coming to Ethereum Classic As “Mystique” 4th Quarter GDP Numbers for France and Germany Fail to Impress Economic Data Puts the EUR and the U.S Dollar Back in Focus...
- 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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44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61
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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 was the leading investment product with returns of about 60% last year, according to Finbold. Photo: Rafael Henrique/SOPA Images/LightRocket via Getty (SOPA Images via Getty Images) Bitcoin ( BTC-USD ) has been battered for the past few months and the claim that it is a hedge against inflation severely tested. But despite significant volatility, its backers are claiming bitcoin has outperformed leading tech stocks by an average return on investment (ROI) of 12.24% as of 13 February. Among the stocks, bitcoin significantly outperformed Facebook-owner Meta ( FB ) by 46.74%, followed by electric vehicle maker Tesla ( TSLA ) at 18.37%, according to data from Finbold, an online platform providing market analysis. Meta shares took a big hit last week, plummeting over 26% \x97 the biggest single-day slide in market value for a US firm \x97 after quarterly figures disappointed investors. The drop erased more than $200bn from the market value, and $31bn from CEO Mark Zuckerberg\'s net worth . The leading crypto also outperformed Amazon ( AMZN ) by 3.78%, and Google-parent Alphabet ( GOOGL ) at 1.84%. Image: Finbold Compared with Microsoft ( MSFT ), the crypto\'s ROI was 1.95% higher. And bitcoin nearly matched Apple ( AAPL ), surpassing the stock by 0.76%. In the short term it seems tech stocks market correction is making bitcoin a more attractive proposition for crypto backers. Although bitcoin registered a higher ROI than tech stocks, crypto and stocks have largely moved in tandem. Read more: Bitcoin in 12 charts Finbold says that the correlation potentially points to the impact of the anticipated Federal Reserve interest rates hike and rising inflation concerns that have affected global stocks and the crypto market. Bitcoin and tech stocks belong to different asset classes. The tech firms are for-profit businesses with tangible products and services, while bitcoin is a decentralised virtual asset controlled and run by blockchain technology. Many still believe bitcoin to have no value in the real world. Watch: The value of bitcoin is \'probably zero\', says Steve Hanke US investment bank JP Morgan ( JPM ) argued in a recent analysis that the crypto\'s price is overvalued and pegged its "fair-value" at $38,000 , around 12% below its current price. Story continues However, senior economist Steve Hanke \x97 a former economic adviser to the Reagan administration \x97 explained to Yahoo Finance in an interview last year that there is difficulty in deriving a value for bitcoin. "From a high theory perspective you end up with a bitcoin that does have a price, that is objective and we know what it is, but we don\'t know it\'s fundamental value and my guess is it\x92s probably zero," Hanke said. Read more: JP Morgan estimated bitcoin\'s fair value Finbold report, however, notes bitcoin is heading for maturity as it outperforms traditional stocks. "If bitcoin can sustain the gains in the coming months, the move will solidify the asset\'s status as a maturing investment vehicle," Finold said. "The maturity will also be aided by the continued entry of institutional investors into the space." The economic impact of the COVID pandemic saw investment in cryptocurrency grow. Several companies like Tesla, CoinBase ( COIN ) and Block Inc ( SQ ) have collectively purchased hundreds of millions of dollars worth of the crypto. Tesla\'s share price over the last month. Chart: Yahoo Finance UK (Yahoo Finance UK) Tesla revealed the value of its bitcoin holdings stood at $1.99bn (£1.5bn) at the end of last year. The electric vehicle maker, which invested $1.5bn in bitcoin last year, said it registered about $101m in impairment losses in 2021 due to a decline in the value of the cryptocurrency. However, it made $128m after selling a portion of its holdings in March. Founder Elon Musk has been a vocal proponent of crypto assets such as bitcoin and briefly accepted the crypto as payment for Tesla merchandise. He has since reversed this policy, citing environmental concerns about bitcoin mining. Watch: What are the risks of investing in cryptocurrency?', 'Bitcoin (BTC-USD) has been battered for the past few months and the claim that it is a hedge against inflation severely tested.\nBut despite significant volatility, its backers are claiming bitcoin has outperformed leading tech stocks by an average return on investment (ROI) of 12.24% as of 13 February.\nAmong the stocks, bitcoin significantly outperformed Facebook-owner Meta (FB) by 46.74%, followed by electric vehicle maker Tesla (TSLA) at 18.37%, according to data from Finbold, an online platform providing market analysis.\nMeta shares took a big hit last week, plummeting over 26% — the biggest single-day slide in market value for a US firm — after quarterly figures disappointed investors. The drop erased more than $200bn from the market value, and $31bn from CEO Mark Zuckerberg\'snet worth.\nThe leading crypto also outperformed Amazon (AMZN) by 3.78%, and Google-parent Alphabet (GOOGL) at 1.84%.\nCompared with Microsoft (MSFT), the crypto\'s ROI was 1.95% higher. And bitcoin nearly matched Apple (AAPL), surpassing the stock by 0.76%.\nIn the short term it seems tech stocks market correction is making bitcoin a more attractive proposition for crypto backers.\nAlthough bitcoin registered a higher ROI than tech stocks, crypto and stocks have largely moved in tandem.\nRead more:Bitcoin in 12 charts\nFinbold says that the correlation potentially points to the impact of the anticipated Federal Reserve interest rates hike and rising inflation concerns that have affected global stocks and thecryptomarket.\nBitcoin and tech stocks belong to different asset classes.\nThe tech firms are for-profit businesses with tangible products and services, while bitcoin is a decentralised virtual asset controlled and run by blockchain technology. Many still believe bitcoin to have no value in the real world.\nUS investment bank JP Morgan (JPM) argued in a recent analysis that thecrypto\'s price is overvalued and pegged its "fair-value" at $38,000, around 12% below its current price.\nHowever, senior economist Steve Hanke — a former economic adviser to the Reagan administration — explained toYahoo Financein an interview last year that there is difficulty in deriving a value for bitcoin.\n"From a high theory perspective you end up with a bitcoin that does have a price, that is objective and we know what it is, but we don\'t know it\'s fundamental value and my guess is it’s probably zero," Hanke said.\nRead more:JP Morgan estimated bitcoin\'s fair value\nFinbold report, however, notes bitcoin is heading for maturity as it outperforms traditional stocks.\n"If bitcoin can sustain the gains in the coming months, the move will solidify the asset\'s status as a maturing investment vehicle," Finold said. "The maturity will also be aided by the continued entry of institutional investors into the space."\nThe economic impact of the COVID pandemic saw investment in cryptocurrency grow. Several companies like Tesla, CoinBase (COIN) and Block Inc (SQ) have collectively purchased hundreds of millions of dollars worth of the crypto.\nTesla revealed thevalue of its bitcoin holdingsstood at $1.99bn (£1.5bn) at the end of last year.\nThe electric vehicle maker, which invested $1.5bn in bitcoin last year, said it registered about $101m in impairment losses in 2021 due to a decline in the value of the cryptocurrency. However, it made $128m after selling a portion of its holdings in March.\nFounder Elon Musk has been avocal proponent of crypto assetssuch as bitcoin and briefly accepted the crypto as payment for Tesla merchandise.\nHe has since reversed this policy, citingenvironmental concernsabout bitcoin mining.', 'Bitcoin ( BTC ) saw a 4-day losing streak come to an end on Monday. On a mixed day for the broader crypto market, Bitcoin rose by 1.15% to end the day at $42,552. It was also a bullish session for Avalanche ( AVAX ) and Solana ( SOL ) that led the way, rallying by 5.23% and by 3.85% respectively. Terra ( LUNA ) and Ethereum ( ETH ) ended the day up by 2.55% and by 2.02% respectively. Ripple ( XRP ) ended the day with a modest 0.49% loss. NASDAQ 100 Delivers Bitcoin Support Amidst Risk Aversion Last Friday, the NASDAQ 100 had tumbled by 2.78% to leave Bitcoin in the red going into the weekend. Interconnectedness between the NASDAQ 100 and Bitcoin continued at the start of the week. While the Dow and the S&P500 closed out the day in the red, the NASDAQ 100 ended the day flat, providing much-needed support. For Bitcoin and the broader crypto market, avoiding heavy losses amidst the threat of a Russian invasion of the Ukraine was key. Bitcoin Fear & Greed Index Continues Upswing On Monday, the Bitcoin Fear & Greed Index had risen from 44/100 to 46/100 in spite of Bitcoin falling for a 4 th consecutive day on Sunday. This morning, the Index held steady at 46/100 despite Bitcoin’s Monday gain. Near-term, the Index trend will be key. The Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin. For the day ahead, news updates from Russia and the U.S will need continued monitoring. Bitcoin Price Action At the time of writing, Bitcoin was up by 0.08% to $42,586. Avoiding a fall through the day’s $42,330 pivot would support a run at the first major resistance level at $43,079. Bitcoin would need plenty of support to break back through to $43,000 levels, however. In the event of an extended rally, Bitcoin could test the third major resistance level at $44,882 before any pullback. The second major resistance level sits at $43,606. A fall through the pivot would bring the first major support level at $41,803 into play. In the event of an extended sell-off, sub-$40,000 levels would likely come into play. The second major support level sits at $41,054. Story continues Looking at the EMAs and 4-hourly candlesticks (below), the signal has become more bullish. Bitcoin has br
**Last 60 Days of Bitcoin's Closing Prices:**
[46202.14, 46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-15
**Financial & Commodity Data:**
- Gold Closing Price: $1854.80
- Crude Oil Closing Price: $92.07
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $827,803,398,200
- Hash Rate: 232188811.50384504
- Transaction Count: 273623.0
- Unique Addresses: 680501.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.46
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: While the crypto market has rebounded from recent lows, this rebound has not been strong. Those who wonder why cryptos lack momentum should take a closer look at the charts of several leading coins. Leading Cryptocurrencies Consolidate Near Recent Lows Let’s take a look at a few charts. We’ll start with Binance Coin , the world’s 4th biggest cryptocurrency, according to CoinMarketCap . BNB has been trading in a range after the rapid sell-off in the second half of January and failed to develop upside momentum. The technical chart for Cardano looks similar, but it is even more bearish: ADA is consolidating above the $1.00 level, and a move below this level will likely trigger a sell-off. Moving on to meme coins, the situation is the same. Dogecoin and Shiba Inu are consolidating after the recent pullback, and their charts show no signs of increased buying activity. Let’s take a look at Dogecoin: I’d note that charts of XRP , DOT , LTC , and a number of other coins look similar as well. What This Means For Crypto Investors As they say, the trend is your friend. Currently, crypto markets are in a downside trend, so any consolidation near lows has a bigger chance of a downside breakout since it takes more “energy” (and buying power) to break the trend rather than to continue the trend. In this light, crypto traders should closely monitor the dynamics of Bitcoin , which will indicate whether the appetite for risk is growing. Bitcoin moved away from recent lows near $33,000, but this move failed to provide material support to other coins, and it looks that traders are waiting for Bitcoin to break above the psychologically important $40,000 level before they’ll be ready to buy other leading coins. In case Bitcoin fails to settle above the $40,000 and pulls back closer to recent lows, a sell-off in other leading coins is almost guaranteed, and the current consolidation will serve as the base for another strong downside move. This article was originally posted on FX Empire More From FXEMPIRE: IRS Favors Proof-of-Stake with a Tax Boost NFT Marketplace HitPiece Sells Music Assets Without Permission A Shiba Inu-Themed Restaurant Has Opened Its Doors EUR/USD Moves Lower Ahead Of ECB Interest Rate Decision Almost 25,000 Indians Sign Petition To Reduce 30% Crypto Tax GBP/USD Pulls Back After Recent Rally...
- Reddit Posts (Sample): [['u/Whole-Ad2467', 'Cro to $1 will eventually happen.', 71, '2022-02-15 01:25', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/', 'Might not be today , might not be this year , but there is no doubt in my mind that with upcoming inflation and the expansion and growth of Crypto cro has a very high chance to hit $1.\n\nOnly way I see it not going to $1 is if a black swan event happens and tanks the whole crypto market which is a (3%) in my book.\n\nSo with that being said this is the easiest double up anyone could ever make. \n\nIf BTC doubles to let’s say $84,000ish There is no doubt in my mind Cro will be at least $1 realistically $1.25\n\nI just liquidated all my stocks and will be DCA 7.5% of month into CRO and BTC over the next 24 months. \n\nSee you guys on the other side ✌🏻✨', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/', 'ssph3n', [['u/TobyFlendersonn', 55, '2022-02-15 01:49', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwz5eyl/', '$1 is very realistic', 'ssph3n'], ['u/schmatz17', 14, '2022-02-15 01:52', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwz5qzx/', '$1.2 so i can get icy please!', 'ssph3n'], ['u/na3than', 10, '2022-02-15 02:07', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwz7o1o/', '25.26B CRO vs 168.14M BNB; about 150:1.', 'ssph3n'], ['u/itsnico13', 36, '2022-02-15 02:12', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwz87px/', 'Hehehe its already been to 1$ and even past it up here in Canada 🇨🇦', 'ssph3n'], ['u/Thenew22', 390, '2022-02-15 02:27', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwza39f/', "Interesting. In other posts you said you liquidated 1.3m and dca 200k a Quartal. That's not even close to 7,5% a month.Additionally you poster 4 days ago you will put all your cro into defi to reach icy in 2 years! Something doesn't add up here you little attention seeking poor kid", 'ssph3n'], ['u/NightKingsBitch', 11, '2022-02-15 02:30', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzag3q/', '$4 or more for me lol', 'ssph3n'], ['u/Smokingrasseatingass', 100, '2022-02-15 02:36', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzb7mi/', 'This guy fucks ^', 'ssph3n'], ['u/Thenew22', 87, '2022-02-15 02:39', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzbjzm/', 'Iam just so a annoyed about this guy. Read his post and comments about the superbowl ad Yesterday. He is a complete troll or should seek help for his complexes', 'ssph3n'], ['u/ScalePsychological58', 41, '2022-02-15 02:49', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzct8f/', 'Realistic, yes, but saying it "will happen" is irresponsible. That being said, the OP calculated a 3% odds of it not happening - I am sure through very sound mathematical/scientific methods - so at least in the text of the post acknowledged risk to some degree.\n\nOne thing that I do have concern about is that the OP also said they liquidated all their stocks and are planning to move it entirely into CRO/BTC. While I am a fan of crypto and bullish, diversification is generally advisable. CRO and BTC are both in the same asset class and likely to move in the same direction, so in the even of a market collapse the OP could get stuck with significant losses...that is, if their post is being honest and not just moonboy/shill posting with embellishment of the truth.\n\nAnd that is just assumption on my part, they could have other assets in their possession besides stocks....like investment properties, precious metals, etc. I think it is not likely since people who have significant assets usually do not say things like they just liquidated all their stocks and are going to go all in on crypto, but who knows. I just personally would not go all in on CRO/BTC no matter how bullish I am...because that "3%" risk of the market tanking is realistically much higher...and has happened repeatedly throughout crypto history.', 'ssph3n'], ['u/ScalePsychological58', 16, '2022-02-15 02:52', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzd97d/', 'I think that the only thing the OP is trying to DCA into is upvotes for shill posts.', 'ssph3n'], ['u/bnonymousbeeeee', 21, '2022-02-15 02:59', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwze4mz/', "Didn't you hear? He's a CRO Legend! Walking among us. Wait, no, a penthouse at overlooking CDC Center. Wow, I know his lies better than he does.", 'ssph3n'], ['u/Smackolol', 34, '2022-02-15 03:01', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzeaxl/', 'Lol how embarrassing.', 'ssph3n'], ['u/Smackolol', 14, '2022-02-15 03:02', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzehre/', 'How is your tv show coming along?', 'ssph3n'], ['u/bnonymousbeeeee', 17, '2022-02-15 03:05', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzevtm/', 'Teacher teacher billy said something mean!\n\nWell is it true?\n\nYeah...', 'ssph3n'], ['u/Thenew22', 19, '2022-02-15 03:08', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzf8ua/', "No need, we know you're a pathetic kid", 'ssph3n'], ['u/Impossible-Wonder-16', 11, '2022-02-15 03:14', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzfx68/', 'This is the most sensible comment on this thread.\nSensible, unbiased, and most importantly not fuelled with hopium / rage (depending on which side you sit).\n\nThank you for being a reasonable voice amongst a seemingly decreasing % in the crypto community as a whole.\n\nEDIT : I am a big believer in Crypto.com and CRO, this obviously meaning I’m a huge believer in cryptocurrency and the space as a whole.\n\nThough it is my belief that this is the future….betting your whole life’s monetary worth on it is ill advised.\n\nYes it is more likely than not to work, but in the case it doesn’t work…you have just lost all / most of your capital.', 'ssph3n'], ['u/billson_factor', 34, '2022-02-15 03:24', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzhapw/', "At least we didn't print 40% of our nation's money in the last year and are facing an economic collapse", 'ssph3n'], ['u/acutegra', 22, '2022-02-15 03:26', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzhg55/', "There is something seriously wrong with OP. Do people think we can't read their previous posts ?😂", 'ssph3n'], ['u/cknitpm', 11, '2022-02-15 03:39', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzj4p4/', "We need the exchange here in the US. That would send us to $1 and beyond. I think the interest bearing accounts are the issue that will delay it indefinitely unless our gov't changes its tune on that topic. Highly unlikely. Can't CDC restrict that option for US users? What ak I missing?", 'ssph3n'], ['u/-Abradolf_Lincler-', 10, '2022-02-15 04:37', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzqc2i/', 'what the fuck', 'ssph3n'], ['u/Embarrassed_Yak4566', 13, '2022-02-15 04:45', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hwzrba2/', "Yeah something doesn't add up at all read all his comments and posts lol poor kid😅🤣👎", 'ssph3n'], ['u/resueman__', 27, '2022-02-15 07:27', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hx080jk/', 'Reported for being a little bitch', 'ssph3n'], ['u/Rockoalol', 80, '2022-02-15 10:45', 'https://www.reddit.com/r/Crypto_com/comments/ssph3n/cro_to_1_will_eventually_happen/hx0n66c/', 'What he really meant to say, \nI used my mums credit card to buy cro when it was .90. Please! I need it to get to 1.00 to pay her back!', 'ssph3n']]], ['u/Nickanator8', 'Now is a great time to get a new job.', 63, '2022-02-15 03:36', 'https://www.reddit.com/r/CryptoCurrency/comments/sss6st/now_is_a_great_time_to_get_a_new_job/', "Dips and sideways action aren't exactly exciting times, so instead of watching charts all day, send out some applications to higher paying jobs!\n\nLet's look at the numbers. Back in January you may have gotten a small raise. Probably in the neighborhood of 1-2% which isn't even close to this year's inflation numbers. Let's say you're also early in your career and making $35k annually. If you can land a job with a salary of $40k you've increased your earnings by about 14% which is double the inflation rate! \n\nIn practical terms that means going from about $2,900/month to $3,300/month, a $400 increase!\n\nNow here is the real kicker. Take that $400 of new money you have every month and invest every penny of it! Crypto, stocks, whatever, just throw all of it into the market and keep living like you only make $2,900. That extra cash will start compounding right away and the gains will really roll in. \n\nThen, two years later, rinse and repeat! You can even start throwing out applications every year just to see if any great opportunities show up. Remember, every new year means another year of experience you have in your field which means you can command a higher salary in your new position!\n\nGo forth, my friends, and make more money to buy more Bitcoin with!", 'https://www.reddit.com/r/CryptoCurrency/comments/sss6st/now_is_a_great_time_to_get_a_new_job/', 'sss6st', [['u/Dinafem_shib', 25, '2022-02-15 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/sss6st/now_is_a_great_time_to_get_a_new_job/hwzjawd/', 'Why can’t you work and 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.
|
43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22
|
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:**
['Purpose Investments Inc. TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of February 2022 for its open-end exchange traded funds and closed-end funds (“the Funds”). The ex-distribution date for all ETFs is February 23, 2022, with the exception of Purpose High Interest Savings ETF and Purpose US Cash Fund, which have an ex-distribution date of February 25, 2022, as well as Purpose Bitcoin Yield ETF, and Purpose Ether Yield ETF, which will have an ex-distribution date of February 24, 2022. The ex-distribution date for all closed-end funds is February 25, 2022. Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Purpose Core Dividend Fund - ETF Series PDF $0.0850 1 02/24/2022 03/07/2022 Monthly Purpose Enhanced Dividend Fund – ETF Series PDIV $0.0522 1 02/24/2022 03/07/2022 Monthly Purpose Total Return Bond Fund - ETF Series PBD $0.0520 1 02/24/2022 03/07/2022 Monthly Purpose Real Estate Income Fund – ETF Series PHR $0.0720 1 02/24/2022 03/07/2022 Monthly Purpose Monthly Income Fund - ETF Series PIN $0.0830 1 02/24/2022 03/07/2022 Monthly Purpose Premium Yield Fund – ETF Series PYF $0.0830 1 02/24/2022 03/07/2022 Monthly Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.0885 1 02/24/2022 03/07/2022 Monthly Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $0.0885 1 02/24/2022 03/07/2022 Monthly Purpose Canadian Financial Income Fund – ETF Series BNC $0.0850 1 02/24/2022 03/07/2022 Monthly Purpose Conservative Income Fund – ETF Series PRP $0.0540 1 02/24/2022 03/07/2022 Monthly Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.1181 1 02/24/2022 03/07/2022 Monthly Purpose International Dividend Fund – ETF Units PID $0.0780 02/24/2022 03/07/2022 Monthly Purpose US Dividend Fund – ETF Units PUD $0.0650 02/24/2022 03/07/2022 Monthly Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $0.0760 02/24/2022 03/07/2022 Monthly Purpose Global Bond Fund – ETF Units BND $0.0585 02/24/2022 03/07/2022 Monthly Purpose High Interest Savings ETF PSA $0.0215 02/25/2022 03/07/2022 Monthly Purpose US Cash Fund – ETF Units PSU.U US$ 0.0200 02/25/2022 03/07/2022 Monthly Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 02/24/2022 03/07/2022 Monthly Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 02/24/2022 03/07/2022 Monthly Purpose Global Bond Class – ETF Units IGB $0.0602 1 02/24/2022 03/07/2022 Monthly Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 02/24/2022 03/07/2022 Monthly Purpose Core Equity Income Fund – ETF Series RDE $0.0650 1 02/24/2022 03/07/2022 Monthly Purpose US Preferred Share Fund – ETF Units RPU $0.0940 02/24/2022 03/07/2022 Monthly Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units 2 RPU.B / RPU.U $0.0940 02/24/2022 03/07/2022 Monthly Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0580 02/24/2022 03/07/2022 Monthly Purpose Global Flexible Credit Fund – ETF Units FLX $0.0297 02/24/2022 03/07/2022 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged USD – ETF Units FLX.U US$ 0.0375 02/24/2022 03/07/2022 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged – ETF Units FLX.B $0.0365 02/24/2022 03/07/2022 Monthly Black Diamond Global Equity Fund – ETF Units BDEQ $0.0112 02/24/2022 03/07/2022 Monthly Black Diamond Distressed Opportunities Fund – ETF Units BDOP $0.0075 02/24/2022 03/07/2022 Monthly Purpose Global Climate Opportunities Fund – ETF Units CLMT $0.0100 02/24/2022 03/07/2022 Monthly Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 02/24/2022 03/07/2022 Monthly Purpose Bitcoin Yield ETF – ETF Units BTCY $0.0785 02/24/2022 03/07/2022 Monthly Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units BTCY.B $0.0800 02/24/2022 03/07/2022 Monthly Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units BTCY.U US$ 0.0980 02/24/2022 03/07/2022 Monthly Purpose Ether Yield ETF – ETF Units ETHY $0.0830 02/24/2022 03/07/2022 Monthly Purpose Ether Yield ETF – ETF Non-Currency hedged Units ETHY.B $0.0915 02/24/2022 03/07/2022 Monthly Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US$ 0.1045 02/24/2022 03/07/2022 Monthly Purpose Healthcare Innovation Yield ETF – ETF Units HEAL $0.0815 02/24/2022 03/07/2022 Monthly Closed-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Canadian Investment Grade Preferred Share Fund – Class T RIGP.UN $0.1146 02/28/2022 03/14/2022 Monthly Big Banc Split Corp – Class A BNK $0.0662 1 02/28/2022 03/14/2022 Monthly Big Banc Split Corp – Preferred Shares BNK.PR.A $0.0500 1 02/28/2022 03/14/2022 Monthly (1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. (2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date. Story continues About Purpose Investments Inc. Purpose Investments is an asset management company with approximately $14 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information please contact: Keera Hart [email protected] 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.', 'TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of February 2022 for its open-end exchange traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is February 23, 2022, with the exception of Purpose High Interest Savings ETF and Purpose US Cash Fund, which have an ex-distribution date of February 25, 2022, as well as Purpose Bitcoin Yield ETF, and Purpose Ether Yield ETF, which will have an ex-distribution date of February 24, 2022. The ex-distribution date for all closed-end funds is February 25, 2022.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "TickerSymbol": "PDF", "Distributionpershare/unit": "$0.08501", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "TickerSymbol": "PDIV", "Distributionpershare/unit": "$0.05221", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "TickerSymbol": "PBD", "Distributionpershare/unit": "$0.05201", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "TickerSymbol": "PHR", "Distributionpershare/unit": "$0.07201", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "TickerSymbol": "PIN", "Distributionpershare/unit": "$0.08301", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PYF", "Distributionpershare/unit": "$0.08301", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "TickerSymbol": "PYF.U", "Distributionpershare/unit": "US $ 0.08851", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "TickerSymbol": "PYF.B", "Distributionpershare/unit": "$0.08851", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "TickerSymbol": "BNC", "Distributionpershare/unit": "$0.08501", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "TickerSymbol": "PRP", "Distributionpershare/unit": "$0.05401", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PAYF", "Distributionpershare/unit": "$0.11811", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PID", "Distributionpershare/unit": "$0.0780", "RecordDate": "02/24/2022", "PayableDate": "03/07/2022", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PUD",
**Last 60 Days of Bitcoin's Closing Prices:**
[46848.78, 46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-16
**Financial & Commodity Data:**
- Gold Closing Price: $1870.20
- Crude Oil Closing Price: $93.66
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $835,188,550,625
- Hash Rate: 206979740.54057044
- Transaction Count: 266788.0
- Unique Addresses: 677777.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Some suspended their activity until they were emotionally ready. Others (perhaps the more experienced traders) took this downturn as an opportunity to improve their strategies and try new ways of trading. One such option — derivatives — have recently gained popularity among crypto users.
Essentially, a crypto derivative is an agreement between a buyer and a seller for the future price of a digital asset. The parties of this deal do not own the underlying asset and they don’t exchange it like traditional trading implies, but rather speculate on its price, at which they agree to buy or sell the asset.
Related: How to Trade In The Bitcoin Derivatives Market?
As the demandgrowsfor derivatives such as futures, forwards, options, swaps and contracts for differences, the number of transactions conducted with such contracts is exponentially increasing alongside the popularity of crypto assets.
According to astudyreleased by CyLab (Carnegie Mellon University) in April 2021, the daily value of derivative traded reached $100 billion this year, which is pretty close to the daily trading volume of the New York Stock Exchange. Furthermore, the average trading volume of the cryptocurrency derivatives market is five times higher than that of the cryptocurrency spot trading market, meaning that derivatives are now one of the most rapidly growing forms of digital assets trading.
The growing demand for a new instrument among digital asset users has led cutting-edge companies to concentrate their efforts on creating protocols for this type of trade, striving to offer the best conditions for users. For instance, Kine Protocol, a decentralized derivatives protocol, pioneered trading with no gas fees and zero slippage, making crypto derivatives accessible to more users. Not only has this protocol managed to track the trend of users’ transition from classic instruments to derivatives but it has also matched the growing demand among DeFi developers and users for new blockchains.
In addition, users can now finally avoid dependence on individual liquidity pools like automated market makers and extend the list of tradable assets outside the cryptocurrency market.
At the end of September of this year, the crypto community was troubled by the story of a person who bought 10 non-fungible tokens of TIME Magazine. According toEtherscan, the user paid a fee of 22.5 ETH (over $70,000 at the time of the transaction) to buy 1 ETH ($3,100 at the time of the purchase). Thousands of other users also paid fees greater than the value of the assets they acquired.
Why are Ethereum’s (ETH) fees so far beyond what is usually expected? Commissions on the Ethereum network increased significantly amid the altcoin’s price growth and the influx of new users. ETH, the price of which didn’t exceed $800 at the beginning of the year, is now trading near the $4,000 mark. The value of Gwei has grown accordingly, meaning that each transaction on the network has become more expensive.
This also means that a sender must set a sufficient gas fee to send their transaction, or it will take quite a long time for their order to be executed. In some cases, Ethereum users complain that their orders are not executed at all.
The situation has been aggravated by theEthereum Londonhard fork update, which has deprived the miners of part of their income. Now they are trying to compensate for the lost profits with a surcharge for fast transactions, which are a weak side of the Ethereum blockchain, capable of processing no more than 30 transactions per second. For the platform that aspires to become a “World Computer,” this figure is surprisingly low. In comparison, the international payment system VISA can sustain a processing time of 25,000 transactions per second (TPS).
Ethereum’s current infrastructure is not sufficient to meet the demands of tens of millions of people. Since the DeFi-protocol and the Yield Farming boom, the network has become even more congested. This increases transaction costs, making Ethereum too expensive and too slow for the needs of decentralized applications and the DeFi apps and users. Such users place a high value on their ability to make many small and frequent trades.
Ethereum developers are trying to manage the difficulties of scaling. Still, Layer 2 solutions remain technically difficult. That is why, since the first protocol upgrade (Homestead, 2016), this blockchain has never come close to 1,000 TPS.
The users are faced with a choice — to put up with all the drawbacks of Ethereum and continue to trade derivatives on its blockchain, or switch to a highly scalable blockchain platform with a fast-growing ecosystem.
One rival to Ethereum is the Binance Smart Chain (BSC), which is a fully functional blockchain that uses the Proof-of-Staked-Authority (PoSA) algorithm. It does not need a huge number of blockchain validators, which makes BSC a highly scalable system. Its TPS rate at maximum capacity can reach 160, which is several times higher than that of Ethereum. Because of advantages like this, the fastest-adapting players in the DeFi derivatives market no longer use Ethereum exclusively.
The emergence of more advanced blockchains encourages users to seek out new solutions. This applies not only to BSC. Tower BFT, together with the Proof of History (PoH) protocol, has allowed a young project — Solana (SOL) — to become one of the fastest-growing cryptocurrency ecosystems. Its algorithm already allows up to 50,000 transactions per second at the current level. This figure will only increase as computers become more powerful. The maximum capacity of Solana can reach 760,000 TPS, according to the platform developers.
The number of new DeFi projects grows with each passing year. The developers and users of crypto derivatives will not pay enormous fees when alternatives are available. Only highly scalable solutions can meet the growing demand for fast and cheap transactions. Crypto market players work hard to stay ahead of industry trends. They have come to use not only classic trading tools but also crypto derivatives. Properly applied, such contracts can both hedge risks and multiply profits.
The market has not yet produced many solutions which combine crypto derivatives trading with the benefits of advanced blockchains. However, innovative decentralized protocols have already begun to generate profits for their first users. Forward-thinking traders are willing to give up old protocols in exchange for the opportunity to work with powerful, high-bandwidth blockchains.
Thisarticlewas originally posted on FX Empire
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- Reddit Posts (Sample): [['u/dilkmud0002', "NFT exchange has the potential to replace the traditional Wall St Investment Banks -> In the role of IPO's - this is where I want to see the Gmerica Exchange go...", 131, '2022-02-16 00:06', 'https://www.reddit.com/r/Superstonk/comments/stg5y7/nft_exchange_has_the_potential_to_replace_the/', 'Investment banks on Wall St do all the same underwriting, they all bring the same companies public, and if those big firms don\'t want to help you - its very hard to get capital - \n\nI see one of the biggest opportunities for Game Stop - is replacing these investments banks - it goes like this - \n\nLets Assume its a strong company wants to come public - \n\n1) A company that wants to come public goes to game stop - \n\n2) The company wants to raise $1bn - GME can put $1bn in to a token that is backed by loop ring - that will track the stonk - \n\n3) Users go to the NFT exchange and put in interest for the IPO - if you want to invest in "ABC Stock" the new ipo for a tech co - you just put in how much $$$ you want, and its given to the company the same way traditional funds are/were \n\n4) Then the new stonk trades on the NFT exchange \n\n5) GME gets a cut every time the stonk is changed hands/ownership \n\nAs a company coming public, this new way will be much more popular than dealing with the old banks - not only this, they pick and choose what companies can get funding - they also get first dibs on the shares and usually give them to ken and co - \n\nI think that GME has the ability to act like an investment bank, and raise money thru NFT\'s for companies that want to come public - the benefit is no shorting, or shady business - your stock is backed and will perform more like btc than a regular stock as there is no short sellers or firms diluting the stonks...', 'https://www.reddit.com/r/Superstonk/comments/stg5y7/nft_exchange_has_the_potential_to_replace_the/', 'stg5y7', [['u/averageexplorer26', 11, '2022-02-16 00:07', 'https://www.reddit.com/r/Superstonk/comments/stg5y7/nft_exchange_has_the_potential_to_replace_the/hx3mdf3/', 'Maybe Reddit goes public on the new exchange …', 'stg5y7']]], ['u/KallistiOW', 'This is a better crypto sub than the crypto subs', 162, '2022-02-16 00:37', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/', 'This sub has its own groupthink going on, but comments speak far louder than vote counts. The actual crypto subs don\'t want to hear anything that doesn\'t feed their confirmation bias. The crypto community is its own worst enemy.\n\nI\'m happy to see the consistent perspective of anti-crypto people. As much as I want to see the adoption of a global, peer to peer, and stateless currency, ignoring the real problems and criticisms that exist in this space is only going to further disillusion people.\n\nDan Olsen\'s video was great. I think there were only two lines in the entire 2 hours that I found even remotely questionable. I just wish he had the time to do a deeper dive on the 2015-2017 era, although that obviously wasn\'t the scope of his video.\n\nI see a lot of parallels between the common themes of this sub and some of the common topics of my favorite crypto sub. There crypto space IS rife with fraud and abuse.\n\nPeople act like Bitcoin is hard to understand. It\'s really not. The white paper is written in fairly plain English. It doesn\'t have to be this grand enigma. Crypto bros act like they have this secret, sacred knowledge, but then at the same time, "nobody knows shit about fuck" as soon as their beliefs are challenged.\n\nPeople act like the ERC-20 Chuck-E-Cheese tokens fucking matter. They don\'t. Does anyone actually do DD anymore?\n\nI love what Satoshi brought to the world. I hate what it\'s become. I hope it gets better. Maybe someday our communities will be able to separate the wheat from the chaff.', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/', 'stgudp', [['u/flying_cofin', 90, '2022-02-16 00:53', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx3sy98/', 'Satoshi brought nothing substantial. It is just an algorithm that increases in difficulty creating artificial scarcity of game points (Bitcoins) that aren’t worth shit. And the same algorithm can be copied with slight variations to create other shitcoins. Distributed ledger is nothing but a copy of a file circulated to everyone after every transaction. Nothing revolutionary or no real use case. These coins are going to become worthless sooner or later.', 'stgudp'], ['u/Professor_Melon', 25, '2022-02-16 01:28', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx3xnd9/', '> Does anyone actually do DD\n\nOf course! If DD is for doubling down.', 'stgudp'], ['u/flying_cofin', 80, '2022-02-16 01:34', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx3yft4/', 'Bubbles can last years or even decades. Doesn’t mean they are not Bubbles. Any asset that increases in price based on pure speculation without underlying fundamentals is a bubble. There is no Wheat here buddy, it is all chaff.', 'stgudp'], ['u/PapaverOneirium', 19, '2022-02-16 01:41', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx3zdj3/', 'I don’t believe they are going to $0, I think they’ll retain some value for a variety of reasons, but I’m pretty confident they will eventually be far closer for to $0 than their all time highs. \n\nWhat I don’t know is when that will happen and what the catalyst will be. It could be this year, it could be 10 years from now. It could be because of tether folding, it could be government regulation.\n\nIt’s important to remember past performance is not a guarantee of future returns. It’s cliche at this point but it’s true. Lehman Brothers was 158 years old when it folded during the 2008 financial crisis. I doubt crypto will make it even close to that long, though. I think we are closer to the end game than we are far. The dot com bubble will probably turn out to be a better analogy. \n\nCrypto assets are fundamentally non-productive assets. And they still don’t offer much in the way of utility over & beyond what normal databases can do 13 years later. Even proposed utility isn’t all that impressive (e.g. NFT tickets). Most of their benefits remain ideological. I really can’t see them lasting that long.\n\nFull disclosure, I used to be a believer. I still hold what’s now several thousand dollars across a few big chains. If they keep going up I actually stand to gain, though I’m skeptical I’ll ever cash out at this point.', 'stgudp'], ['u/TheAnalogKoala', 36, '2022-02-16 01:50', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx40l3q/', 'So you’re saying Bitcoin is analogous to sports cards and art? May I add, Beanie Babies?', 'stgudp'], ['u/PapaverOneirium', 21, '2022-02-16 02:07', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx42v1x/', 'What is the value proposition of Bitcoin in your mind? As far as I can see it’s a deflationary currency that is difficult & expensive to use controlled by quite centralized mining cartels using absurd amounts of electricity & generating absurd amounts of e-waste. Its pseudonymous, not anonymous, and all transactions are public. It’s secure against man in the middle attacks, but losses due to social engineering attacks are impossible to roll back yet just as easy or easier to execute compared to traditional finance. \n\nI could go on.', 'stgudp'], ['u/Avocado_Sex', 14, '2022-02-16 02:37', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx46ter/', 'I’d be happy to hear the fundamental value you believe Bitcoin cash provides.', 'stgudp'], ['u/PapaverOneirium', 10, '2022-02-16 02:41', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx47exj/', 'The seed phrase issue is huge in my opinion, at least if you want mass adoption that doesn’t depend on centralized intermediaries. I lost a seed phrase in 2015, luckily wasn’t a ton of money at the time though not it would be worth quite a bit now. I thought I had it memorized, and had it written down, but my memory was faulty and my hard copy disappeared in a move. For all I know it was stolen. I was a young & very tech literate person, imagine someone older and/or not. \n\nPeople fall for social engineering attacks and give up their private keys all the time. It’s not all that improbable if it happens frequently. \n\nIt’s true it’s gotten much faster and less expensive, but the lightning network trades decentralization for that. \n\nSending money instantly around the world is a decent use case, but a lot of the reason it’s expensive and/or slow with traditional methods is due to regulation, not anything technical. Unless Bitcoin completely supplants state backed currencies you still need to deal with on and off ramps to convert to and from fiat, and these can be controlled. \n\nIf Bitcoin is indeed so much better for international remittances, then we’d reasonably expect the volume of them using it to outstrip traditional methods but I haven’t seen statistics showing this occurring. My suspicion is that poor UX and need for fiat off/on ramps is the issue.', 'stgudp'], ['u/i-can-sleep-for-days', 22, '2022-02-16 02:43', 'https://www.reddit.com/r/Buttcoin/comments/stgudp/this_is_a_better_crypto_sub_than_the_crypto_subs/hx47o3r/', "LMAO, you can't just say I think this crypto has value and this other doesn't.\n\nHint: They are all the same. If one doesn't have value it means none of them do.\n\nYou really can't pick and choose what you want to ignore. It doesn't work that way.", 'stgudp'], ['u/piggie_ball...
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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40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15
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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:**
['Asdescribedby themselves, TRUST is aimed to be an industry-wide solution that has been created in order to comply with the mandates of the Travel Rule.\nThrough this, the membercryptocurrencyexchanges can easily and securely provide requisite data necessitated by the FinCEN.\nAccording to the regulations set by the Travel Rules, every financial institution that is facilitating transactions among its customers is required to share certain data with the FinCEN (Financial Crimes Enforcement Network).\nThus, now even cryptocurrency exchanges have been mandated to follow the rule since it acts as a medium of such transactions.\nFurthermore, the rules explicitly state a list of details such as the name, account number, address, identity, etc. which are compulsory for the intermediary financial institution to pass on to the authorities.\nThus, a myriad of cryptocurrency exchanges joined hands in order to find a much more secure way to share these details which led to the birth of TRUST.\nThe present members of TRUST include Anchorage, Avanti, Bitgo, bitFlyer, Bittrex, BlockFi, Circle,Coinbase, Fidelity Digital Asset Services,Gemini, Kraken, Paxos,Robinhood, Standard Custody & Trust, Symbridge, TradeStation, Zero Hash, and Zodia.\nThe TRUST platform usesingenious methodsto ensure the personal details are not put at risk in any way. Since TRUST only acts as a secure medium, sending required information through an end-to-end encrypted channel.\nSecondly, TRUST has stated to have established a mechanism in play that would make it compulsory for the receiving crypto exchange to have proof of their ownership of the incoming crypto information.\nThe announcement stated,\n“The launch of TRUST resoundingly demonstrates that top-tier compliance can go hand-in-hand with a core industry value–robust protection of customer privacy and security.”\nThe TRUST also added that they aim at reaching international exchanges as well when it begins with its expansion plan since it does not plan on limiting just to US-licensed exchanges.\nRecently one of the members of TRUST, BlockFi, faced SEC’s wrath as it received a $100 million fine, thebiggestin SEC’s history. The penalty came due to non-compliance with regulatory laws in the country.\nThus considering, the income tax on crypto, legislation forinsuring“Qualified Stbalecoins” and now TRUST, it seems like authorities and people are both looking at creating a strong adoption case for crypto as soon as possible.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Breaks Higher Ahead of Inventory Report\n• Exclusible Private Islands Sold Out in The Sandbox\n• Twitter Adds Ethereum (ETH) Tipping to Payment Services\n• Silver Prices Move Higher Amid Strong Retail Sales Data\n• USD/CAD Moves to the Lower End of Its Range Ahead of the Release of Fed Minutes\n• Geopolitics and the NASDAQ 100 Leave Bitcoin (BTC) in Red', 'A 2-day winning streak came to an end for Bitcoin ( BTC ) on Wednesday. Tracking the NASDAQ 100, Bitcoin fell by 1.53% to end the day at $43,896. On Wednesday, the NASDAQ 100 ended the day down by 0.11%. The moves on the day continued to support highlighted concerns over the interconnectedness of the crypto and the global financial markets. On Wednesday, the Financial Stability Board had issued a report raising concerns in relation to cryptos, stablecoins, and DeFi . It was a mixed session for the broader crypto market, however. Avalanche ( AVAX ) continued to find support, rising by 2.7% to buck the broader market trend. From the top 10, Solana ( SOL ) led the way down, however, falling by 3.5%. Terra ( LUNA ) and Ripple ( XRP ) ended the day with losses of 0.9% and 1.6% respectively, with Ethereum ( ETH ) declining by 1.9%. NASDAQ 100 Tests Bitcoin Support Following Tuesday’s 2.53% breakout, the NASDAQ 100 slipped by a modest 0.11%. Upbeat retail sales figures from the U.S and the FOMC meeting minutes provided support. The FOMC meeting minutes were less hawkish, with the FED planning to assess inflation and monetary policy at each meeting. Ongoing concerns over a possible Russian invasion of the Ukraine, however, left the NASDAQ 100 in the red. For the day ahead, news updates from Russia and the U.S will need continued monitoring. On the economic data front, U.S jobless claims will also provide the U.S markets with direction later in the day. Bitcoin Fear & Greed Index Continues Upswing In response to Tuesday’s Bitcoin return to $44,000 levels, the Bitcoin Fear & Greed Index rose to 51/100 and back into neutral territory on Wednesday. The Index had stood at 44/100 and in the fear zone on Monday. In spite of Wednesday’s pullback, the Index rose to 52/100 this morning. Near-term, the Index trend remains key. The Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin. Bitcoin Price Action At the time of writing, Bitcoin was up by 0.05% to $43,918. A move back through the day’s $43,947 pivot would support a run at Wednesday’s high $44,583. Bitcoin would need plenty of support to break out from the first major resistance level at $44,352. In the event of an extended rally, Bitcoin could test the third major resistance level at $46,391 before any pullback. The second major resistance level sits at $45,169. Story continues Failure to move back through the pivot would bring the first major support level at $43,310 into play. In the event of an extended sell-off, the second major support level at $42,725 and sub-$42,000 would likely come into play. The third major support level sits at $41,503. Looking at the EMAs and 4-hourly candlesticks (below), the signal has become more bullish. Bitcoin continues to hold above 50-day EMA, which has pulled further away from the 100-day and 200-day EMAs overnight. Following Tuesday’s bullish cross, the 100-day EMA has also pulled further away from the 200-day EMA. Key near-term, however, would be for Bitcoin to avoid falling back through the 50-day EMA, currently at sub-$43,100 levels. At the time of writing, the NASDAQ 100 mini was down by 37 points, pegging Bitcoin back from an early move. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: FOMC Meeting Minutes and U.S Stats in Focus Coinbase, Robinhood & Others Launch TRUST To Deal With Travel Rules S&P500: Is It 2011 All Over Again? Silver Prices Move Higher Amid Strong Retail Sales Data Geopolitics and the NASDAQ 100 Leave Bitcoin (BTC) in Red Crypto vs CBDCs – Will Only One Victor Emerge?', 'A 2-day winning streak came to an end for Bitcoin (BTC) on Wednesday. Tracking the NASDAQ 100, Bitcoin fell by 1.53% to end the day at $43,896. On Wednesday, the NASDAQ 100 ended the day down by 0.11%. The moves on the day continued to support highlighted concerns over the interconnectedness of the crypto and the global financial markets. On Wednesday, the Financial Stability Board hadissueda report raising concerns in relation to cryptos, stablecoins, andDeFi.\nIt was a mixed session for the broader crypto market, however.\nAvalanche (AVAX) continued to find support, rising by 2.7% to buck the broader market trend. From the top 10, Solana (SOL) led the way down, however, falling by 3.5%. Terra (LUNA) and Ripple (XRP) ended the day with losses of 0.9% and 1.6% respectively, with Ethereum (ETH) declining by 1.9%.\nFollowing Tuesday’s 2.53% breakout, the NASDAQ 100 slipped by a modest 0.11%. Upbeat retail sales figures from the U.S and the FOMC meeting minutes provided support. The FOMC meeting minutes were less hawkish, with the FED planning to assess inflation and monetary policy at each meeting.\nOngoing concerns over a possible Russian invasion of the Ukraine, however, left the NASDAQ 100 in the red.\nFor the day ahead, news updates from Russia and the U.S will need continued monitoring. On the economic data front, U.S jobless claims will also provide the U.S markets with direction later in the day.\nIn response to Tuesday’s Bitcoin return to $44,000 levels, theBitcoin Fear & Greed Indexrose to 51/100 and back into neutral territory on Wednesday. The Index had stood at 44/100 and in the fear zone on Monday. In spite of Wednesday’s pullback, the Index rose to 52/100 this morning.\nNear-term, the Index trend remains key. The Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin.\nAt the time of writing, Bitcoin was up by 0.05% to $43,918. A move back through the day’s $43,947 pivot would support a run at Wednesday’s high $44,583. Bitcoin would need plenty of support to break out from the first major resistance level at $44,352. In the event of an extended rally, Bitcoin could test the third major resistance level at $46,391 before any pullback. The second major resistance level sits at $45,169.\nFailure to move back through the pivot would bring the first major support level at $43,310 into play. In the event of an extended sell-off, the second major support level at $42,725 and sub-$42,000 would likely come into play. The third major support level sits at $41,503.\nLooking at the EMAs and 4-hourly candlesticks (below), the signal has become more bullish. Bitcoin continues to hold above 50-day EMA, which has pulled further away from the 100-day and 200-day EMAs overnight. Following Tuesday’s bullish cross, the 100-day EMA has also pulled further away from the 200-day EMA.\nKey near-term, however, would be for Bitcoin to avoid falling back through the 50-day EMA, currently at sub-$43,100 levels.\nAt the time of writing, the NASDAQ 100 mini was down by 37 points, pegging Bitcoin back from an early move.\nThisarticlewas originally posted on FX Empire\n• European Equities: FOMC Meeting Minutes and U.S Stats in Focus\n• Coinbase, Robinhood & Others Launch TRUST To Deal With Travel Rules\n• S&P500: Is It 2011 All Over Again?\n• Silver Prices Move Higher Amid Strong Retail Sales Data\n• Geopolitics and the NASDAQ 100 Leave Bitcoin (BTC) in Red\n• Crypto
**Last 60 Days of Bitcoin's Closing Prices:**
[46707.02, 46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-17
**Financial & Commodity Data:**
- Gold Closing Price: $1900.70
- Crude Oil Closing Price: $91.76
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $833,548,836,828
- Hash Rate: 213256529.5453799
- Transaction Count: 255573.0
- Unique Addresses: 665429.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Crypto proxy equities —investmentsproviding exposure to crypto — were on the rise last year, with the launch of several Bitcoin-linked exchange traded funds (ETFs) for example. Butgoing into 2022, are these investments still a good bet and what are the alternatives?
While aBitcoin spot ETFseems a distant dream as Fidelity’s — and other — proposals were rejected by the Securities and Exchange Commission (SEC) earlier this month, investors who don’t want to trade crypto but want some exposure still have a variety of options.
See:Will Bitcoin Struggle Against Rising Interest Rates? Industry Experts Sound OffFind:Facebook’s Crypto Dreams May Be Dead as Stablecoin Plan Dissolves
A newCoinShares research report, “CoinShares 2022 Digital Asset Outlook,” argues that with the advent of U.S.-listed, SEC-approved bitcoin futures ETFs, investors now have alternative means to gain exposure to Bitcoin without these additional risks, albeit at some additional cost.
“Going into 2022, investor appetite for crypto exposure via the equity market should remain strong, but with the advent of instruments better suited for this purpose, crypto proxy companies could not see as good a performance in 2022 as they did in 2021,” the CoinShares report reads.
James Butterfill, investment strategist at CoinShares, told GOBankingRates that investors might be wary of costs associated with structuring an ETF using futures.
“There is a cost rolling from one futures contract to the next — it is technically called a roll yield,” Butterfill said. “Sometimes this roll yield can be high and it eats into performance, in 2021 for example, the average futures based Bitcoin ETF would have underperformed the Bitcoin price by 25% before fees.”
Discover:Bitcoin Trends for 2022 From the Experts
Halsey Minor, co-founder and executive chairman of fintech companyPublic Mint, told GOBankingRates that for novice investors who think they missed the Bitcoin boat, crypto-proxy equities can be a great tool for them to gain confidence with reduced risk.
“Think of it like dipping your toes in the crypto space — for newbies who don’t know where to start, SEC-approved bitcoin future ETFs can be an easier sell than investing directly in Bitcoin. The same can be said of companies like MicroStrategy, which owns a huge number of Bitcoin and therefore offers exposure to this Bitcoin, indirectly, through its shares. Public Bitcoin mining companies are also a good option here, offering exposure to the Bitcoin they hold as well as the value of their underlying business.”
Minor notes, however, that while these are simpler investment options, there is certainly a cost trade-off — including having to adhere to the traditional market schedule, whereas the crypto markets operate 24/7/365.
“There are also additional costs attached to crypto-proxy equities that can include broker and management fees,” he said, adding that it’s also important to note that crypto was designed to empower people by giving them the ability, essentially, to be their own bank by holding their own crypto assets like they would cash.
“Doing this requires a lot of work — you have to set up complicated wallets and remember things like seed phrases. It’s a lot of work, but there is peace of mind when doing this because you can be in full control of your assets. Most people don’t do this, however, so enabling them to get exposure indirectly to crypto-affiliated equities or shares in ETFs is a good second-best option,” he added.
More:How To Make Quick Cash With Crypto
Another strong option is investing in public mining companies, Mark Elenowitz — president of fintech companyHorizon— told GOBankingRates, as you get exposure to the Bitcoin they hold.
“But once again, this comes with additional risks and rewards based on how the company performs,” Elenowitz said. “If all you are looking for is a way to be exposed to Bitcoin without actually buying it, a futures ETF will be the closest to Bitcoin, and is a safer option than crypto proxy companies, which is why investors are likely to turn to it. Regardless of which path you choose, note all investments come with risk and the risk must be appropriate for your investment objectives with a long-term outlook,” he added.
An additional way to gain crypto exposure is via investments in companies such Coinbase or Michael Saylor’s MicroStrategy.
“MicroStrategy has put massive amounts of Bitcoin on its balance sheet, and in this sense it is a derivative of Bitcoin and, thus, many people find that buying MSTR shares is almost identical to buying Bitcoin itself,” Budd White, chief product officer and co-founder of legal-first crypto software companyTacen, told GOBankingRates. “Also, an added benefit of owning MicroStrategy is the profitability of the underlying business and the cash flows that it can offer investors.”
Learn:Bividend: The First Bitcoin Dividend Paid By a NASDAQ-Listed CompanyExplore:Picasso Heirs Jump on the NFT Bandwagon, Auctioned Tokens to Be Accompanied by Music From John Legend and Nas
White also said that with Bitcoin trusts and futures ETFs, investors are still dealing with a form of the traditional financial system. “Want to buy or sell after 4 p.m.? You can’t. Need liquidity fast so you sell some shares? It can take days before you actually have access to that money. You’re buying into the value of the crypto industry, but you miss out on many of its advantages,” he said.
“If an investor is willing to cross the barrier to entry and hold native crypto assets like Bitcoin, there is a world of DeFi products that allow for yield to be earned. In some cases this can mean double-digit percent yield for just holding on to the asset. You do not get this benefit from merely seeking synthetic exposure to Bitcoin through ETFs.”
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This article originally appeared onGOBankingRates.com:Bitcoin by Proxy? Investment Experts Debate Value of Crypto ETFs, Proxies vs. Direct Holdings...
- Reddit Posts (Sample): [['u/doubledouble2', 'Mistakes to Avoid as a Beginner', 13, '2022-02-17 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/sua5nk/mistakes_to_avoid_as_a_beginner/', "**Problem: Letting emotions getting in the way of trading**\n\nMany people will feel some sort of fomo, fear, panic when they get into crypto due to the volatility. Chasing pumps in panic buying and panic selling in dumps without a clear plan can be an easy way to lose money. \n\n**Solution****: Have a plan for buying and an exit plan for when to sell**. There are strategies for buying such as DCA where you buy the same amount at a fixed interval (eg buying $100 of bitcoin every week/month). And then planning to hold onto this for years before considering selling. \n\nAnother example is buying when the fear and greed index (market sentiment indicator) is at extreme fear and selling when the it reaches extreme greed. \n\nLearning technical indicators such as stochastic RSI and buying on the weekly oversold zone and selling when it reaches overbought zones on the weekly chart.\n\n**Problem: Not doing research before buying a coin/token/NFT etc**\n\nThere are over 10,000 digital currencies and not all of them are going to survive in a year or so. Some of these will peak and never again reach their all time highs.\n\n**Solution: Find out more about the coin/project before investing your hard earned cash.** \n\nExamples of things to research include: \n\n* how active are the developers? \n* What is the community like? \n* Are there notable backers for the project? \n* Are there incentive programs to bring in new developers and users into the ecosystem? \n* Are the roadmaps/goals realistic?\n* Do tokenomics seem sound?\n\n**Problem: Investing more than you can afford to lose**\n\nPutting in large sums of money into crypto hoping to make a big return is not a guarantee. Borrowing money from friends or taking out loans to put into crypto is not recommended.\n\n**Solution: Plan on a set budget that you are comfortable in putting into crypto** \n\nYou could think about your disposable income after necessary expenses and how much of that you would be willing to invest and potentially lose in crypto. It is better to start with a smaller budget and then work up if that is what you decide rather than aping in huge amounts at the beginning when you are still learning.\n\n**Problem: Not diversifying portfolio**\n\nPutting all your eggs in one basket can be risky if something goes wrong with the coin/project. \n\n**Solution:** **diversify portfolio**\n\nAs a beginner, it is usually recommended that a large portion of your holdings are in bitcoin and ethereum as they are the two that have the longest track history and have proven themselves. Bitcoin is a good store of value as it generally doesn't tank as hard during crashes compared to other altcoins. \n\nAn example allocation could be 50% bitcoin, 30% ethereum and 20% other altcoins\n\n**Problem: Not securing assets**\n\nWith crypto, you have more control over your money/asset but that also means you need to manage the security of it yourself. \n\nThere is a common saying in the crypto community that says “not your keys, not your coins”. This is mostly referring to leaving crypto in exchanges or brokage platforms where the platform itself stores the keys \n\n**Solution: Use unique passwords, enable\xa0Two-Factor Authentication and hardware wallets for long term storage**\n\nMake sure you are using unique passwords for each exchange / crypto website that you sign up to. Two-Factor Authentication is usually required for a lot of platforms especially when you are withdrawing crypto. Hardware wallets such as ledger or trezor are not connected to the internet and is more secure than leaving crypto on an exchange especially for long term storage", 'https://www.reddit.com/r/CryptoCurrency/comments/sua5nk/mistakes_to_avoid_as_a_beginner/', 'sua5nk', [['u/Charming-Dance-1839', 10, '2022-02-17 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/sua5nk/mistakes_to_avoid_as_a_beginner/hx8rqu5/', 'Never chase a coin that just hit ATH 👌 \n\nThere will always be a better entry price down the road.', 'sua5nk']]], ['u/nextlevelideas', 'The reasons why SHIBA INU Coin is going to be a prized possession over the next few years.', 148, '2022-02-17 01:12', 'https://www.reddit.com/r/SHIBArmy/comments/suangh/the_reasons_why_shiba_inu_coin_is_going_to_be_a/', 'Looking at ShIb coin holistically you will find that even though it is not widely adopted. Retailers and and other services are adding it to its portfolio of options for customers to purchase things with. Take for example AMC who is actively developing methods to use the for the purchase of movie tickets. There are also a few other retailers that have been accepting Shib coin. Mainly in the computing and electronics sector. \n\nNext you have the burning of Shib inu which if you are buying and holding for the long run allows the price to increase drastically. Think of it this way, people purchase a lottery ticket in the hopes of winning big, but if you buy Shib and hold long term, your bound to hit it huge. I would highly encourage you to consider Shib as a long term investment, the money you do many on other cryptos, reinvest in back into SHIB when it dips. \n\nCurrently the market cap is 17 Billion. Although it may seem small when comparing it to things like BITCOIN. The reality is SHIB is doing very well. I do see SHIB breaking 25 Billion by July of this year and depending on the burn rate, we will have dropped another zero by that time. \n\nTo the Moon!!\n-General Shib Patton', 'https://www.reddit.com/r/SHIBArmy/comments/suangh/the_reasons_why_shiba_inu_coin_is_going_to_be_a/', 'suangh', [['u/Plus_Warthog6105', 48, '2022-02-17 01:39', 'https://www.reddit.com/r/SHIBArmy/comments/suangh/the_reasons_why_shiba_inu_coin_is_going_to_be_a/hx8w645/', "Believe me, Don't believe me. Given enough time SHIB will have a MC of 1 Trillion. August 2, 2018 Apple was the first publicly traded company with a MC of 1 Trillion. Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so. Today we have almost 6 publicly traded companies at or near 1 Trillion or above. One day we will hear about how Apple is now 10 trillion along with others and Bitcoin will do the same and others like ETH will reach the 1 trillion mark. And one day far far away one by one, you will see other cryptos reach 1 trillion. The entire crypto market right now is worth 2 trillion. Don't fight it just buy your assets and hold, it really is that simple. Hell SHIB is still just a baby at this point and it already ranks among some other notable tokens.", 'suangh'], ['u/nextlevelideas', 24, '2022-02-17 01:40', 'https://www.reddit.com/r/SHIBArmy/comments/suangh/the_reasons_why_shiba_inu_coin_is_going_to_be_a/hx8wbdu/', 'Exactly!! To the fucking moon!!', 'suangh']]], ['u/Educational_Job2260', "You know it wouldn't kill you to not be so bitter to each other all the time", 740, '2022-02-17 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/subyqr/you_know_it_wouldnt_kill_you_to_not_be_so_bitter/', 'Someone hears about Bitcoin one day, reads about cryptocurrencies, gets on reddit, wow so many subreddits talking about the thing i love, and then makes the mistake of joining this one.\n\nI understand you lost some money after being an "expert" in crypto for a year, let\'s hate on the newbies trying to figure out their way and asking questions on this subreddit. "Hey what are you smoking bro, crack?" You got the whole squad laughing, man. Just be a guiding hand to the newbies or can it with the harsh salty comments and criticism.\n\nTo make this platform a better space and to push people forward you need to be able to see to remove yourself from your own perspective and see it from another\'s eyes, less bias, less cult like mentality towards your favorite coins, and it\'ll be smoother for all of us.\n\nThrough support we can build a better community and some newbies here may go on to form their own startups and build the next big thing in crypto, what comes to mind when I think about supporting the community are launchpads like solanaprime that a providing a good platform for startups and support in their ventures for a change. Let\'s just be supportive and see how that plays out.\n\nWe can see you\'re trying to moon farm by making OP fall on their face, that\'s really pathetic. Be the bigger person, help them help you. That\'s my 2 cents on the matter.', 'https://www.reddit.com/r/CryptoCurrency/comments/subyqr/you_know_it_wouldnt_kill_you_to_not_be_so_bitter/', 'subyqr', [['u/CincyDad1993', 13, '2022-02-17 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/subyqr/you_know_it_wouldnt_kill_you_to_not_be_so_bitter/hx912cc/', 'You don’t fucking tell me what to do!', 'subyqr'], ['u/DBRiMatt', 42, '2022-02-17 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/subyqr/you_know_it_wouldnt_kill_you_to_not_be_so_bitter/hx91b6o/', ">We can see you're trying to moon farm by making OP fall on their face, that's really pathetic\n\nHey bro, your shoelaces are untied.", 'subyqr'], ['u/Breadstronaut', 12, '2022-02-17 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/subyqr/you_know_it_wouldnt_kill_you_to_not_be_so_bitter/hx91goe/', 'Yo OP, your fly is open too.', 'subyqr'], ['u/Flaky_Protection7634', 34, '2022-02-17 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/subyqr/you_know_it_wouldnt_kill_you_to_not_be_so_bitter/hx91vy4/', '**Not only this sub is kinda toxic but it’s an echo chamber circle jerk of Moonfarmers repeating the same thing over and over again lol**', 'subyqr'], ['u/Hank___Scorpio', 23, '2022-02-17 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/subyqr/you_know_it_wouldnt_kill_you_to_not_be_so_bitter/hx927pq/', 'This one time I told someone bitconnect was a scam in 2017. They told me to go fuck myself.', 'subyqr'], ['u/[deleted]',...
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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40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79
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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:**
['If you feel like you’re just now starting to wrap your head around theconcept of cryptocurrency, get ready to expand your syllabus. There’s a whole new internet coming your way, and it’s based on blockchain technology — just likeBitcoin and Ethereum.\nSee:Metaverse Virtual Real Estate Is Booming: What’s the Appeal?Find:Best Metaverse Coins To Buy for 2022\nIf you read up on web3, also called Web 3.0, you’ll notice that people use words and phrases like “decentralization,” “digital self-sovereignty” and “user-specific” to describe it — but what does all that mean?\nThe third iteration of the internet is slowly but surely becoming a reality, so GOBankingRates asked the experts to help make sense of web3 — and predict what the future holds.\nToday, a tiny collection of giant tech companies own virtually every inch of the internet, and they let the public use it in exchange for their money, their data, or both. The architects of web3 envision an internet where Mark Zuckerberg rules over his own little sliver of the web — and his little sliver only — just the same as you.\nCheck Out:How To Invest In Web 3.0\n“The ownership element is the key difference between Web 2.0, the current iteration of the internet, and web3,” said Shaun Heng, vice president and chief of staff atCoinMarketCap. “Today we are limited to reading and writing within centralized networks, i.e., Google, Facebook, Twitter, and so forth. Those companies own their part of the internet, and we use their websites in order to read and write on the internet.\nHe continued, “With web3, we will be able to build and govern our own decentralized networks on the internet. This allows for the possibility of autonomous, self-governed networks that will be completely democratized, without leaders. In fact, we’re already seeing the first iteration of such networks in DAOs, or decentralized autonomous organizations.”\nThe concept of web3 will be familiar to anyone who understands the ABCs of cryptocurrency. “It is based on the idea of a completely decentralized interconnected system of networks that allow us to read, write, and own parts of those networks,” said Heng.\nMost people associate those concepts with digital tokens, but the power of blockchain goes beyond Bitcoin.\n“Most references place blockchain squarely in the realm of currencies or finances, but the applicability is far greater,” said Adam Perella, manager of the global security and privacy compliance assessorSchellman. “When the World Wide Web came about, most websites were maintained by individuals or groups hosting their own systems and data. This format would eventually become known as Web 1.0. As community services, social networking, and hosting services — Google Cloud, Azure, AWS — become the primary backdrop to the internet, we moved into Web 2.0.”\nMore:Tinder and Bumble Enter the Metaverse — How Crypto and NFTs Could Become Essential to Virtual Dating Apps\nPerella added, “This conceptually moved the web from a series of discrete endpoints to a large amount of aggregated data held by fewer organizations. The idea behind Web 3.0 is the evolution of the web to where the largest contributors are individual users on mobile phones or other IoT devices.”\nPatrick Parker, founder and CEO ofSaaS Partners, summed it up with a neat analogy that will be familiar to anyone who works out of Drive.\n“Think of the evolving World Wide Web like permissions on a Google doc,” said Parker. “Web 1.0 was read-only — users can see information and content that providers publish. Web 2.0 is read-write, an interoperable and social space that takes user input into account. Web3 will allow users to go beyond ‘writing’ — beyond the kinds of interactions for which our platforms are programmed. Actually, users can create their own platforms, profit from them, and reclaim their data.”\nSeveral experts GOBankingRates interviewed envision a web3 where AI and machine learning blur the lines between the online and physical worlds. Early on, however, the most visible change will be the removal of the internet’s powerful middlemen.\n“With Web 3.0, websites will be able to interact directly with each other, without the need for intermediaries like Google or Facebook,” said Sam Campbell, who runs the digital marketing blogReddiquette. “This will create a more decentralized internet where users have more control over their data and can interact directly with each other.”\nSo, how do you have social media without social networks?\nLearn:8 Best Cryptocurrencies To Invest In for 2022\n“It may be easier to think about how this would look in practice using a new social network based on Web 3.0,” said Perella. “A user takes some photos and wants to share them with friends, followers, and the public. This data is shared, added to the blockchain, and distributed. Even the application used is not centralized, it is written and distributed amongst the nodes in the same way.”\nThat’s a far cry from today’s social media, 100% of which takes place on space leased from big tech.\n“Right now when we use Instagram or Facebook, our personal data technically doesn’t belong to us and is actually hosted in a data center somewhere in Arizona,” said Stefan Ateljevic, “cryptopreneur” and founder ofBitcoinPlay. “The characters, items, and earnings from video games we play online and offline are entirely the property of Electronic Arts, Ubisoft, or whichever company owns the game.”\nHe explained, “In Web 3.0, metaverses will replace traditional gaming in that every coin or item you collect, or time spent in the game is measurable in real life money through the use of a cryptocurrency. The same will happen to social media, where now you will have full ownership of your content, including photos and posts.”\nRead:Understanding the Metaverse and How it Relates to Cryptocurrency\nIn terms of worldwide human connectivity, web3 has the potential to corral far-flung populations with the promise of something much more enticing than likes or shares — entry into the global economy.\n“As the world moves towards a fluid, borderless internet and economy, it fosters greater participation from those who have traditionally been excluded from global commerce,” said Filip Victor, CEO and founder of the digital trust and identity companyMetaMap. “However, there are 1 billion people with no form of digital identification — such as FICO credit scores or Social Security numbers — and another 3.4 billion who have some form of ID, but struggle to share it digitally. That’s half the world’s population that is excluded from the digital economy.”\nVictor continued, “This leaves billions of people out of countless apps and services — think gig work, short- and long-term rentals, crypto exchanges — because those companies can’t verify the individual. Participation in high-trust services like crypto has the potential to add billions of dollars to regional economic growth, getting us one step closer to the true potential of Web 3.0.”\nMore From GOBankingRates\n• 7 Fastest Ways To Save $20K, According to Experts\n• Bank Accounts That Will Help Supplement and Grow Your Social Security\n• Easy Things You Can Do To Start Preparing for Retirement Now\n• The 20 Best Online Banks of 2022\nThis article originally appeared onGOBankingRates.com:What is Web3 and How Will It Change the Internet?', 'jroballo / Getty Images/iStockphoto If you feel like you’re just now starting to wrap your head around the concept of cryptocurrency , get ready to expand your syllabus. There’s a whole new internet coming your way, and it’s based on blockchain technology — just like Bitcoin and Ethereum . See: Metaverse Virtual Real Estate Is Booming: What’s the Appeal? Find: Best Metaverse Coins To Buy for 2022 If you read up on web3, also called Web 3.0, you’ll notice that people use words and phrases like “decentralization,” “digital self-sovereignty” and “user-specific” to describe it — but what does all that mean? The third iteration of the internet is slowly but surely becoming a reality, so GOBankingRates asked the experts to help make sense of web3 — and predict what the future holds. Own a Little Slice of the Internet, Instead of Leasing It From Big Tech Today, a tiny collection of giant tech companies own virtually every inch of the internet, and they let the public use it in exchange for their money, their data, or both. The architects of web3 envision an internet where Mark Zuckerberg rules over his own little sliver of the web — and his little sliver only — just the same as you. Check Out: How To Invest In Web 3.0 “The ownership element is the key difference between Web 2.0, the current iteration of the internet, and web3,” said Shaun Heng, vice president and chief of staff at CoinMarketCap . “Today we are limited to reading and writing within centralized networks, i.e., Google, Facebook, Twitter, and so forth. Those companies own their part of the internet, and we use their websites in order to read and write on the internet. He continued, “With web3, we will be able to build and govern our own decentralized networks on the internet. This allows for the possibility of autonomous, self-governed networks that will be completely democratized, without leaders. In fact, we’re already seeing the first iteration of such networks in DAOs, or decentralized autonomous organizations.” Story continues Blockchain Tech That Built Bitcoin, Repurposed The concept of web3 will be familiar to anyone who understands the ABCs of cryptocurrency. “It is based on the idea of a completely decentralized interconnected system of networks that allow us to read, write, and own parts of those networks,” said Heng. Most people associate those concepts with digital tokens, but the power of blockchain goes beyond Bitcoin. “Most references place blockchain squarely in the realm of currencies or finances, but the applicability is far greater,” said Adam Perella, manager of the global security and privacy compliance assessor Schellman
**Last 60 Days of Bitcoin's Closing Prices:**
[46880.28, 48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-18
**Financial & Commodity Data:**
- Gold Closing Price: $1898.60
- Crude Oil Closing Price: $91.07
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $770,123,099,406
- Hash Rate: 186294128.8834766
- Transaction Count: 261055.0
- Unique Addresses: 672505.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.30
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Itasca, IL, based Investment companyBalasa Dinverno & Foltz Llc(Current Portfolio) buys Tesla Inc, Santander Consumer USA Holdings Inc, Louisiana-Pacific Corp, iShares ESG MSCI USA Leaders ETF, PotlatchDeltic Corp, sells Duke Energy Corp, Bank of Montreal, Verizon Communications Inc, Cisco Systems Inc, Merck Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Balasa Dinverno & Foltz Llc. As of 2021Q4, Balasa Dinverno & Foltz Llc owns 343 stocks with a total value of $1.6 billion. These are the details of the buys and sells.
• New Purchases:SC, PCH, DMXF, DVN, WY, ORI, HCA, CLR, XLNX, X, UGI, KEYS, WBT, MRVL, EOG, CTVA, GWW, OGS, BOND, PRF, ENPH, AON, NXST, NFG, DKS, CTSH, CSX, BLDR,
• Added Positions:GSIE, INTF, VBK, DFAT, TSLA, DFIV, QUAL, VUG, AAPL, LPX, SUSL, JLL, NULG, GOOGL, REGN, BG, FB, PEP, NVDA, MSFT, LDEM, JEF, NUSC, NFLX, DFAC, CVX, TSN, UNH, FTNT, GM, CVS, HPE, ATH, VICI, TMO, BIO, ASB, IYW, ARW, SCZ, AMZN, AMD, ACN, EXC, DHR, GILD, KBH, GS, NOW, KLAC, GOOG, CFG, ETN, ISRG, MRNA, BND, ING, CBRE, HUM, EFV, BRK.B, HPQ, ECL, ADM, AMAT, QQQ, IVZ, RWO, SCHX, SPEM, GD, F, WRK, MPW, COP, MS, NRG, CI, PLD, NKE, NOC, NVO, CHD, QCOM, MCD, RHI, SPGI, SHW, STT, SYNA, EW, MRO, LOW, WM, EBAY, CROX, AVGO, COST, CDNS,
• Reduced Positions:IWF, DUK, JNJ, GSLC, CSCO, MRK, VZ, MMM, BMY, SEB, ABBV, PYPL, DFAX, LRGF, AMGN, BAC, BIIB, CERN, CL, HON, NEM, TGT, IWP, T, ADBE, ALL, SAM, COF, C, CMCSA, LLY, EQR, EXPD, INTC, JPM, KMB, KR, LMT, MDT, MET, ORCL, PSA, PWR, SNX, WMT, WBA, DIS, TMUS, V, PM, GNRC, ALLY, ARNC, CWI, IVW, IWO, ABT, AMT, AMP, BBVA, BK, BAX, BBY, BLK, LUMN, CSGP, KO, CNO, ED, CMI, DHI, DAR, DE, EA, XOM, FAST, FDX, FISV, FLO, HD, IBM, IDXX, INTU, MDLZ, LRCX, MSM, MAN, MTD, NTRS, NUAN, ODFL, PNC, PPG, PFE, BPOP, LIN, PGR, PRU, RS, SLM, STX, TRV, SYK, NLOK, TJX, TXN, USB, UNP, PAG, UPS, RTX, UTHR, VRSN, WSO, ANTM, WERN, WCC, QRTEA, TEL, LULU, AWK, DAN, DG, BAH, HZNP, ZTS, TMHC, OMF, NAVI, SEDG, CABO, BHF, EQH, CRNC, CARR, CNXC, OGN, FNDB, GBIL, VBR, VOO, VTV, VV, VWO,
• Sold Out:BMO, MCY, AMX, VIAC, LAD, WEC, RNG, SPOT, DOCU, MO, SJM, SYF, ZM,
• Warning! GuruFocus has detected 3 Warning Sign with TSLA. Click here to check it out.
• TSLA 15-Year Financial Data
• The intrinsic value of TSLA
• Peter Lynch Chart of TSLA
For the details of BALASA DINVERNO & FOLTZ LLC's stock buys and sells,go tohttps://www.gurufocus.com/guru/balasa+dinverno+%26+foltz+llc/current-portfolio/portfolio
These are the top 5 holdings of BALASA DINVERNO & FOLTZ LLC
1. iShares Russell 1000 Growth ETF (IWF) - 594,310 shares, 11.70% of the total portfolio. Shares reduced by 1.4%
2. Vanguard Small Cap Growth ETF (VBK) - 489,821 shares, 8.89% of the total portfolio. Shares added by 1.93%
3. BTC iShares MSCI USA Momentum Factor ETF (MTUM) - 591,606 shares, 6.93% of the total portfolio. Shares added by 0.72%
4. iShares Core S&P 500 ETF (IVV) - 167,236 shares, 5.14% of the total portfolio. Shares reduced by 0.46%
5. BTC iShares MSCI USA Quality Factor ETF (QUAL) - 526,900 shares, 4.94% of the total portfolio. Shares added by 1.83%
New Purchase: Santander Consumer USA Holdings Inc (SC)
Balasa Dinverno & Foltz Llc initiated holding in Santander Consumer USA Holdings Inc. The purchase prices were between $41.58 and $42.58, with an estimated average price of $41.91. The stock is now traded at around $41.610000. The impact to a portfolio due to this purchase was 0.05%. The holding were 19,935 shares as of 2021-12-31.
New Purchase: PotlatchDeltic Corp (PCH)
Balasa Dinverno & Foltz Llc initiated holding in PotlatchDeltic Corp. The purchase prices were between $51.36 and $61.05, with an estimated average price of $56.16. The stock is now traded at around $51.800000. The impact to a portfolio due to this purchase was 0.04%. The holding were 10,730 shares as of 2021-12-31.
New Purchase: Weyerhaeuser Co (WY)
Balasa Dinverno & Foltz Llc initiated holding in Weyerhaeuser Co. The purchase prices were between $35.71 and $41.18, with an estimated average price of $38.03. The stock is now traded at around $38.080000. The impact to a portfolio due to this purchase was 0.03%. The holding were 11,632 shares as of 2021-12-31.
New Purchase: iShares ESG Advanced MSCI EAFE ETF (DMXF)
Balasa Dinverno & Foltz Llc initiated holding in iShares ESG Advanced MSCI EAFE ETF. The purchase prices were between $66.16 and $70.56, with an estimated average price of $68.34. The stock is now traded at around $63.840000. The impact to a portfolio due to this purchase was 0.03%. The holding were 5,850 shares as of 2021-12-31.
New Purchase: Devon Energy Corp (DVN)
Balasa Dinverno & Foltz Llc initiated holding in Devon Energy Corp. The purchase prices were between $38.26 and $45.12, with an estimated average price of $41.72. The stock is now traded at around $51.790000. The impact to a portfolio due to this purchase was 0.03%. The holding were 10,362 shares as of 2021-12-31.
New Purchase: Keysight Technologies Inc (KEYS)
Balasa Dinverno & Foltz Llc initiated holding in Keysight Technologies Inc. The purchase prices were between $161.15 and $207.93, with an estimated average price of $187.81. The stock is now traded at around $168.490000. The impact to a portfolio due to this purchase was 0.02%. The holding were 1,160 shares as of 2021-12-31.
Added: Tesla Inc (TSLA)
Balasa Dinverno & Foltz Llc added to a holding in Tesla Inc by 73.06%. The purchase prices were between $780.59 and $1229.91, with an estimated average price of $1012.35. The stock is now traded at around $937.410000. The impact to a portfolio due to this purchase was 0.17%. The holding were 5,808 shares as of 2021-12-31.
Added: Louisiana-Pacific Corp (LPX)
Balasa Dinverno & Foltz Llc added to a holding in Louisiana-Pacific Corp by 206.97%. The purchase prices were between $58.93 and $78.88, with an estimated average price of $68.79. The stock is now traded at around $64.470000. The impact to a portfolio due to this purchase was 0.05%. The holding were 16,595 shares as of 2021-12-31.
Added: Jones Lang LaSalle Inc (JLL)
Balasa Dinverno & Foltz Llc added to a holding in Jones Lang LaSalle Inc by 41.08%. The purchase prices were between $229.24 and $272.88, with an estimated average price of $258.11. The stock is now traded at around $240.960000. The impact to a portfolio due to this purchase was 0.04%. The holding were 8,926 shares as of 2021-12-31.
Added: Nuveen ESG Large-Cap Growth ETF (NULG)
Balasa Dinverno & Foltz Llc added to a holding in Nuveen ESG Large-Cap Growth ETF by 107.04%. The purchase prices were between $61.67 and $70.5, with an estimated average price of $67.3. The stock is now traded at around $57.440000. The impact to a portfolio due to this purchase was 0.04%. The holding were 15,035 shares as of 2021-12-31.
Added: iShares ESG MSCI USA Leaders ETF (SUSL)
Balasa Dinverno & Foltz Llc added to a holding in iShares ESG MSCI USA Leaders ETF by 84.26%. The purchase prices were between $75.3 and $84.98, with an estimated average price of $81.6. The stock is now traded at around $76.540000. The impact to a portfolio due to this purchase was 0.04%. The holding were 15,907 shares as of 2021-12-31.
Added: Bunge Ltd (BG)
Balasa Dinverno & Foltz Llc added to a holding in Bunge Ltd by 89.75%. The purchase prices were between $82.59 and $96.15, with an estimated average price of $89.42. The stock is now traded at around $96.290000. The impact to a portfolio due to this purchase was 0.03%. The holding were 9,569 shares as of 2021-12-31.
Sold Out: Bank of Montreal (BMO)
Balasa Dinverno & Foltz Llc sold out a holding in Bank of Montreal. The sale prices were between $101.1 and $112.3, with an estimated average price of $107.89.
Sold Out: Mercury General Corp (MCY)
Balasa Dinverno & Foltz Llc sold out a holding in Mercury General Corp. The sale prices were between $50.82 and $56.86, with an estimated average price of $53.62.
Sold Out: DocuSign Inc (DOCU)
Balasa Dinverno & Foltz Llc sold out a holding in DocuSign Inc. The sale prices were between $135.09 and $284.11, with an estimated average price of $226.68.
Sold Out: WEC Energy Group Inc (WEC)
Balasa Dinverno & Foltz Llc sold out a holding in WEC Energy Group Inc. The sale prices were between $86.93 and $98.36, with an estimated average price of $91.51.
Sold Out: Spotify Technology SA (SPOT)
Balasa Dinverno & Foltz Llc sold out a holding in Spotify Technology SA. The sale prices were between $221.91 and $300.95, with an estimated average price of $250.29.
Sold Out: ViacomCBS Inc (VIAC)
Balasa Dinverno & Foltz Llc sold out a holding in ViacomCBS Inc. The sale prices were between $28.68 and $39.84, with an estimated average price of $34.3.
Here is the complete portfolio of BALASA DINVERNO & FOLTZ LLC. Also check out:1. BALASA DINVERNO & FOLTZ LLC's Undervalued Stocks2. BALASA DINVERNO & FOLTZ LLC's Top Growth Companies, and3. BALASA DINVERNO & FOLTZ LLC's High Yield stocks4. Stocks that BALASA DINVERNO & FOLTZ LLC keeps buyingThis article first appeared onGuruFocus....
- Reddit Posts (Sample): [['u/greenappletree', 'Does Crypto move with the stock market? I did a full analysis and the results are surprising.', 391, '2022-02-18 01:56', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/', 'We hear a lot about how bitcoin moves with the US Market so here I ran a detail analysis. Word of caution though, correlation does not imply causality so if two things correlating we can\'t say for sure if they are influencing each other or is there another hidden variable.\n\n***Method***: I download all the data from Yahoo finance for Bitcoin, S&P500 and others. Included in the download was also ethereum, gold and VIX. VIX is the "fear index". The merged data starts from 2017-Nov so that is where we would start.\n\n***Results of correlation for the entire range***\n\nhttps://preview.redd.it/kskr569b8gi81.png?width=664&format=png&auto=webp&s=fd4d6b30a3b57c2e5cf9644c20968c5e42abdff9\n\neach cells contains a correlation coefficient of the comparisons. A perfect correlation is 1, 0 is no correlation and -1 is anticorrelated, meaning if 1 goes up the other goes down.\n\n* we see that S&P correlates very well with Nasdaq, at .9 which is almost perfect.\n* S&P is anticorrelated with the fear index aka VIX and does not correlate with gold. Making gold a good hedge.\n* However for the entire range, S&P only has a correlation of .23 with BTC. This is statistically significant **but weaker than I would expect so I dug a little further and ran correlation for each year**.\n\n&#x200B;\n\nhttps://preview.redd.it/coqcah739gi81.png?width=129&format=png&auto=webp&s=86e936c0d0cf346723b98e7b1ebbbc4ef3969db5\n\nSo as you can see the the correlation seems to be going up starting in 2020. There used to be no correlation but something happened around this time.\n\nNext I ran a correlation month by month to detect any trends. And it was again surprising that the each month the correlation changes so drastically, with some months even in in the anti correlated portion, meaning BTC is moving in the opposite direction.\n\n&#x200B;\n\nhttps://preview.redd.it/m2scttpe9gi81.png?width=1456&format=png&auto=webp&s=7b14df097fab38a977248030a8588d1acc0d7569\n\n*Vertical dotted grey lines demarks years. Color green is when correlation > 0 and red < 0. The black horizontal lines is set to 0.*\n\n***Summary***.\n\n1. The idea that BTC has increase in correlation recently is only partially true as you can see even in 2017 there were months with high correlations. Thus the correlation between BTC and the market seem to change on a monthly basis.\n 1. Although on a global trend, the correlation is menacingly getting higher.\n2. there were some months were BTC was actually anticorrelated - at this point then it would be a perfect hedge for the stock market. The lowest months were the following. **Note that its usually in the summer time**.\n\nhttps://preview.redd.it/lajmfkh4agi81.png?width=253&format=png&auto=webp&s=a9946a9e27ea104823c2af5a3e53b425965c4295\n\nHere are the months with the highest correlations and interestingly this is usually in the winter time. hmmm. interesting.\n\n&#x200B;\n\nhttps://preview.redd.it/h49cetvmhgi81.png?width=239&format=png&auto=webp&s=063c5d8577b40f17e45876224e8609d6db9c7128\n\nTLDR: correlation of BTC with the market seem to change month by month and in some cases its even the opposite however year over year the correlation does seem to be going higher.', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/', 'sv4j3i', [['u/greenappletree', 21, '2022-02-18 01:56', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxdw2vd/', "Didn't want to put in the main text, but don't mistaken correlation for causality. \nfor example, wearing shorts correlates with eating ice cream however wearing shorts does not cause you to eat ice cream and vice versa. Same with BTC and the market. There may be some other hidden variable here that is driving these.", 'sv4j3i'], ['u/mysterioususer69', 180, '2022-02-18 01:59', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxdwifz/', "All the big boys getting into crypto. That's the reason", 'sv4j3i'], ['u/Flaky_Protection7634', 44, '2022-02-18 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxdwq7d/', '**TLDR: Yes it does**', 'sv4j3i'], ['u/greenappletree', 20, '2022-02-18 02:02', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxdww5n/', 'is possible and that is what I thought before this analysis, however if you look at the some of the months with the most correlation was in 2018.', 'sv4j3i'], ['u/WALLY_5000', 12, '2022-02-18 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxdxxor/', 'One time a pint of ice cream forced me to wear shorts at gunpoint and consume it… It kept shouting, “CAUSALITY!” over and over until it was gone 😭😭😭', 'sv4j3i'], ['u/simmol', 33, '2022-02-18 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxdzjjc/', '\\- Wallstreet money came into the cryptomarket starting 2020 so it is not surprising that correlation jumped up from 2020. \n\n\\- There seems to be more correlation when stock market is volatile. This makes sense since crypto is treated as add-on-risk asset to the wall street people and as such, acts as a multiplier when risk is high. \n\n\\- For an investor in 2022, data on correlation from pre-2020 is kind of meaningless. \n\n\\- Many of the wall street traders use bots that trade BTC based on the NASDAQ (or other index) price. And right now, these bots are being fully used which means that NASDAQ and BTC are correlated more than ever (I believe around 0.5 or 0.6 in 2022). \n\n\\- There is no diversification between NASDAQ and BTC right now. NASDAQ to Bitcoin is equivalent to BTC to alts at the moment.', 'sv4j3i'], ['u/greenappletree', 11, '2022-02-18 02:53', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxe3m28/', 'Here is the correlation with Nasdaq year by year. It is slightly higher thank SP500 \n\n|year | cor|\n|:----|----------:|\n|2017 | 0.1497022|\n|2018 | 0.1179724|\n|2019 | -0.0364742|\n|2020 | 0.4527632|\n|2021 | 0.3313144|\n|2022 | 0.4876184|', 'sv4j3i'], ['u/CONSOLE_LOAD_LETTER', 13, '2022-02-18 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxe5dvb/', "These points are very important and should not be ignored. If anyone thinks a worldwide recession and stock market crash wouldn't also hurt crypto prices in the short to medium term they are going to be in for a very rude awakening.", 'sv4j3i'], ['u/greenappletree', 14, '2022-02-18 04:05', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxed5fg/', "seems to seasonal. Strange is that its anti correlates in the summer months and starts to pick up during winter. Now I'm wondering if there is way to exploit this for profit. 😎", 'sv4j3i'], ['u/mikeoxwells2', 13, '2022-02-18 04:36', 'https://www.reddit.com/r/CryptoCurrency/comments/sv4j3i/does_crypto_move_with_the_stock_market_i_did_a/hxeh4vh/', 'I think recovery from, the impending crash, is going to be the chance for crypto to really shine and begin to separate itself from the traditional markets. The opportunity is available', 'sv4j3i']]], ['u/deathtolucky', 'What’s the most profit you’ve made from a single coin or token?', 37, '2022-02-18 02:39', 'https://www.reddit.com/r/CryptoCurrency/comments/sv5fym/whats_the_most_profit_youve_made_from_a_single/', 'Which coin or token was it and how much profit did you make? Was it a memecoin? Was it an airdrop that you forgot about and found years later?How long did you hold it in your portfolio and what made you take profits at the time that you did? \n\nObviously the folks who have been in for years and years will have a story about buying BTC or ETH at a crazy price. For those people, I’m most interested in what made you take profits at the time that you did? Hopefully it was for something positive and not a case where you needed the money for an emergency. If you didn’t *need* the money, did you just not want to tempt fate any longer and you already had made a 10-15x?\n\nWhat allowed you to HODL through the dips and crashes and how did you achieve your conviction in the project? Was it blind optimism? Did you actually DYOR and nobody could convince you that you were wrong? Or was it pure luck and you bought on a whim and it rocketed up so fast you just rode the quick wave, took the money and ran?', 'https://www.reddit.com/r/CryptoCurrency/comments/sv5fym/whats_the_most_profit_youve_made_from_a_single/', 'sv5fym', [['u/Rock_Strongo', 30, '2022-02-18 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/sv5fym/whats_the_most_profit_youve_made_from_a_single/hxe20zk/', 'I bought some Dogecoin when it was $0.05 and sold it when it was $0.70\n\nSome of my other coins have been up more than this percentage-wise, but since I consider them long term plays I am too scared to scared to sell them so I just watch them tank back down.', 'sv5fym'], ['u/liveaskings', 22, '2022-02-18 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/sv5fym/whats_the_most_profit_youve_made_from_a_single/hxe2iqa/', 'Ada. Bought at around 25 cents and then sold almost all of it at 2.50', 'sv5fym'], ['u/Hitt_and_Run', 21, '2022-02-18 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/sv5fym/whats_the_most_profit_youve_made_from_a_single/hxe2oxl/', 'I always sell at a loss whenev...
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.
|
40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23
|
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:**
['It was a 3 rd consecutive day in the red for Bitcoin ( BTC ) on Friday. Geopolitics continued to weigh on riskier assets, with the markets in the hands of news updates on Russia and the Ukraine. Following a 7.6% slide on Thursday, Bitcoin fell by 1.36% to end the day at $39,995. Amidst a broad-based crypto sell-off, Bitcoin ended the day at sub-$40,000 for the first time since 3rd February. Resistance at $40,000 pegged Bitcoin back late in the day. It was a mixed session for the rest of the crypto top 10, however. Avalanche ( AVAX ) slid by 5.27% to lead the way down, with Solana ( SOL ) and Cardano (ADA) falling by 3.92% and by 2.45% respectively. Ethereum ( ETH ) ended the day down by 3.92%. Terra ( LUNA ) avoided the red, rising by 0.42%, however, with Ripple ( XRP ) ending the day up by 2.29%. NASDAQ 100 Tests Bitcoin Support Following Thursday’s 2.88% slide, the NASDAQ 100 fell by 1.23% on Friday. Market reaction to news of an imminent Russian invasion of the Ukraine continued to weigh on riskier assets. With the U.S markets closed for the weekend, news updates on Russia and the Ukraine will remain key for the day ahead. Bitcoin Fear & Greed Index Continues Upswing Following Friday’s slide back to 30/100 and deep into the Fear zone, the Bitcoin Fear & Greed Index fell to 25/100 and into the “Extreme Fear” zone this morning. Geopolitics and increased regulatory chatter remain key drivers near-term. For the Bitcoin bulls, the Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin. A fall back through to sub-20/100 would bring sub-$30,000 levels back into play. Bitcoin Price Action At the time of writing, Bitcoin was down by 0.22% to $40,000. A move through the day’s $40,189 pivot would support a run at Friday’s high $40,981. Bitcoin would need plenty of support to break out from the first major resistance level at $40,881. In the event of an extended rally, Bitcoin could test the third major resistance level at $43,157 before any pullback. The second major resistance level sits at $41,673. Story continues Failure to move through the pivot would bring the first major support level at $39,397 into play. Barring another extended sell-off, however, Bitcoin should avoid sub-$38,000 levels. The second major support level at $38,705 should limit the downside. Looking at the EMAs and 4-hourly candlesticks (below), the signal has become more bearish. Bitcoin continues to sit well below 50-day EMA, which has narrowed on the 100-day and 200-day EMAs overnight. The current sell-off has also seen the 100-day EMA converge on the 200-day EMA. A bearish cross of the 100-day EMA through the 200-day EMA would deliver another loss. A bearish cross of the 50-day EMA through the 100-day and 200-day EMAs would be particularly bearish. For the bulls, a Bitcoin move back through the 200-day EMA, currently at $41,900, would provide some support. This article was originally posted on FX Empire More From FXEMPIRE: Silver Prices On Track for Third Weekly Gain Ahead of US-Russia Talks Natural Gas Prices Slip But Climb for the Week USD/CAD Remains in a Range as The Canadian Dollar Retreats E-mini S&P in Position to Retest 4266.00 – 4137.50 Support Crude Oil Markets Find Support After Initial Fall UFC and NFL NFT Platforms Drive FLOW Network Activity', 'It was a 3rdconsecutive day in the red for Bitcoin (BTC) on Friday. Geopolitics continued to weigh on riskier assets, with the markets in the hands of news updates on Russia and the Ukraine.\nFollowing a 7.6% slide on Thursday, Bitcoin fell by 1.36% to end the day at $39,995. Amidst a broad-based crypto sell-off, Bitcoin ended the day at sub-$40,000 for the first time since 3rd February. Resistance at $40,000 pegged Bitcoin back late in the day.\nIt was a mixed session for the rest of the crypto top 10, however.\nAvalanche (AVAX) slid by 5.27% to lead the way down, with Solana (SOL) and Cardano (ADA) falling by 3.92% and by 2.45% respectively. Ethereum (ETH) ended the day down by 3.92%.\nTerra (LUNA) avoided the red, rising by 0.42%, however, with Ripple (XRP) ending the day up by 2.29%.\nFollowing Thursday’s 2.88% slide, the NASDAQ 100 fell by 1.23% on Friday. Market reaction to news of an imminent Russian invasion of the Ukraine continued to weigh on riskier assets.\nWith the U.S markets closed for the weekend, news updates on Russia and the Ukraine will remain key for the day ahead.\nFollowing Friday’s slide back to 30/100 and deep into the Fear zone, theBitcoin Fear & Greed Indexfell to 25/100 and into the “Extreme Fear” zone this morning. Geopolitics and increased regulatory chatter remain key drivers near-term.\nFor the Bitcoin bulls, the Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin. A fall back through to sub-20/100 would bring sub-$30,000 levels back into play.\nAt the time of writing, Bitcoin was down by 0.22% to $40,000. A move through the day’s $40,189 pivot would support a run at Friday’s high $40,981. Bitcoin would need plenty of support to break out from the first major resistance level at $40,881. In the event of an extended rally, Bitcoin could test the third major resistance level at $43,157 before any pullback. The second major resistance level sits at $41,673.\nFailure to move through the pivot would bring the first major support level at $39,397 into play. Barring another extended sell-off, however, Bitcoin should avoid sub-$38,000 levels. The second major support level at $38,705 should limit the downside.\nLooking at the EMAs and 4-hourly candlesticks (below), the signal has become more bearish. Bitcoin continues to sit well below 50-day EMA, which has narrowed on the 100-day and 200-day EMAs overnight. The current sell-off has also seen the 100-day EMA converge on the 200-day EMA. A bearish cross of the 100-day EMA through the 200-day EMA would deliver another loss. A bearish cross of the 50-day EMA through the 100-day and 200-day EMAs would be particularly bearish.\nFor the bulls, a Bitcoin move back through the 200-day EMA, currently at $41,900, would provide some support.\nThisarticlewas originally posted on FX Empire\n• Silver Prices On Track for Third Weekly Gain Ahead of US-Russia Talks\n• Natural Gas Prices Slip But Climb for the Week\n• USD/CAD Remains in a Range as The Canadian Dollar Retreats\n• E-mini S&P in Position to Retest 4266.00 – 4137.50 Support\n• Crude Oil Markets Find Support After Initial Fall\n• UFC and NFL NFT Platforms Drive FLOW Network Activity', 'It was a 3rdconsecutive day in the red for Bitcoin (BTC) on Friday. Geopolitics continued to weigh on riskier assets, with the markets in the hands of news updates on Russia and the Ukraine.\nFollowing a 7.6% slide on Thursday, Bitcoin fell by 1.36% to end the day at $39,995. Amidst a broad-based crypto sell-off, Bitcoin ended the day at sub-$40,000 for the first time since 3rd February. Resistance at $40,000 pegged Bitcoin back late in the day.\nIt was a mixed session for the rest of the crypto top 10, however.\nAvalanche (AVAX) slid by 5.27% to lead the way down, with Solana (SOL) and Cardano (ADA) falling by 3.92% and by 2.45% respectively. Ethereum (ETH) ended the day down by 3.92%.\nTerra (LUNA) avoided the red, rising by 0.42%, however, with Ripple (XRP) ending the day up by 2.29%.\nFollowing Thursday’s 2.88% slide, the NASDAQ 100 fell by 1.23% on Friday. Market reaction to news of an imminent Russian invasion of the Ukraine continued to weigh on riskier assets.\nWith the U.S markets closed for the weekend, news updates on Russia and the Ukraine will remain key for the day ahead.\nFollowing Friday’s slide back to 30/100 and deep into the Fear zone, theBitcoin Fear & Greed Indexfell to 25/100 and into the “Extreme Fear” zone this morning. Geopolitics and increased regulatory chatter remain key drivers near-term.\nFor the Bitcoin bulls, the Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin. A fall back through to sub-20/100 would bring sub-$30,000 levels back into play.\nAt the time of writing, Bitcoin was down by 0.22% to $40,000. A move through the day’s $40,189 pivot would support a run at Friday’s high $40,981. Bitcoin would need plenty of support to break out from the first major resistance level at $40,881. In the event of an extended rally, Bitcoin could test the third major resistance level at $43,157 before any pullback. The second major resistance level sits at $41,673.\nFailure to move through the pivot would bring the first major support level at $39,397 into play. Barring another extended sell-off, however, Bitcoin should avoid sub-$38,000 levels. The second major support level at $38,705 should limit the downside.\nLooking at the EMAs and 4-hourly candlesticks (below), the signal has become more bearish. Bitcoin continues to sit well below 50-day EMA, which has narrowed on the 100-day and 200-day EMAs overnight. The current sell-off has also seen the 100-day EMA converge on the 200-day EMA. A bearish cross of the 100-day EMA through the 200-day EMA would deliver another loss. A bearish cross of the 50-day EMA through the 100-day and 200-day EMAs would be particularly bearish.\nFor the bulls, a Bitcoin move back through the 200-day EMA, currently at $41,900, would provide some support.\nThisarticlewas originally posted on FX Empire\n• Silver Prices On Track for Third Weekly Gain Ahead of US-Russia Talks\n• Natural Gas Prices Slip But Climb for the Week\n• USD/CAD Remains in a Range as The Canadian Dollar Retreats\n• E-mini S&P in Position to Retest 4266.00 – 4137.50 Support\n• Crude Oil Markets Find Support After Initial Fall\n• UFC and NFL NFT Platforms Drive FLOW Network Activity', 'Covent Garden, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Covent Garden, England - First Global Exchange Platform Interacting with NFT, Crypto, Fiat, and Commodities all in one. (London, England) Bitengen, the global leade
**Last 60 Days of Bitcoin's Closing Prices:**
[48936.61, 48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-19
**Financial & Commodity Data:**
- Gold Closing Price: $1898.60
- Crude Oil Closing Price: $91.07
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $762,360,560,475
- Hash Rate: 207147949.28088072
- Transaction Count: 220673.0
- Unique Addresses: 573700.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin traded sideways at around $46,000 on Monday and is down about 8% over the past week. Bullish sentiment appears to be low despite bitcoin marking its 13th birthday . On Jan. 3, 2009, Satoshi Nakamoto mined the first block, the Genesis Block, which marked the beginning of the Bitcoin blockchain. For now, technical indicators suggest nearby support could encourage short-term buying activity. Still, long-term momentum has slowed, which could point to low or negative crypto returns this month. Some analysts are monitoring blockchain data for clues on BTC’s future price direction. For example, net exchange flows have increased recently, signaling a bearish shift in investor sentiment similar to the one seen before the price crash last May. Other metrics, however, show improvements that could boost overall market sentiment. The Bitcoin blockchain’s hashrate set new highs on Sunday night after crossing previous highs from mid-2021. Hashrate refers to the amount of computational power used by miners dedicated to the minting of new bitcoins and verification of new transactions on the Bitcoin network. Latest Prices Bitcoin (BTC): $45,941, -2.18% Ether (ETH): $3,701, -2.76% S&P 500: $4,796, +0.64% Gold: $1,801, -1.46% 10-year Treasury yield closed at 1.63% Lower blockchain transactions The chart below shows the recent decline in transaction counts on Bitcoin’s blockchain. In previous cycles, an initial burst of activity supported rallying prices, but recently, transactions failed to sustain any meaningful momentum, according to crypto data firm Glassnode. “Until there is further expansion in demand for Bitcoin block space, it can be reasonably expected that price action will be somewhat uneventful, and likely sideways at a macro scale,” Glassnode wrote in a blog post on Monday. Bitcoin number of transactions (Glassnode) Altcoin roundup Shiba Inu launches beta version of DAO: The dogecoin rival is aiming to provide its users with more control over crypto projects and pairs on the ShibaSwap platform. The first phase called “DAO 1″ will be implemented within the next few days. Convex Finance crosses $20B in locked value: The decentralized finance ( DeFi ) protocol allows users to earn fees without locking Curve’s native tokens, a feature that has helped attract billions of dollars in capital . Convex’s native token (CVX) traded at $47 at the time of writing, down about 4% over the past week. Altcoins outperformed in 2021: Tokens linked to the metaverse, “Ethereum-killers” and meme coins dominated gains during another bullish year for cryptocurrencies. Prices for the top-performing coin rose 162-fold. Read more here . Story continues Relevant News Bitcoin Hashrate Mints New All-Time Highs Salvadoran President Bukele Expects Bitcoin to Reach $100K This Year Jamaica Completes CBDC Pilot, Expects Rollout Later This Year Bitcoin Whales Were Active on Coinbase Amidst a Quiet Holiday Week Other markets Most digital assets in the CoinDesk 20 ended the day lower. Largest winners: Asset Ticker Returns Sector Algorand ALGO +9.3% Smart Contract Platform Cosmos ATOM +6.4% Smart Contract Platform Chainlink LINK +2.7% Computing Largest losers: Asset Ticker Returns Sector Solana SOL −4.1% Smart Contract Platform Polygon MATIC −3.6% Smart Contract Platform Filecoin FIL −3.4% Computing Sector classifications are provided via the Digital Asset Classification Standard (DACS) , developed by CoinDesk Indices to provide a reliable, comprehensive, and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges....
- 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.
|
38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64
|
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:**
['Interest in NFT s has continued to surge through February, as more mainstream goes digital. While trading activity may have slowed in in recent weeks, the numbers are still well above December trading volumes. Leading NFT marketplace OpenSea had an impressive start to the year. NFT trading volumes hit a record high, pointing to another stellar year ahead. According to figures from Dune Analytics , monthly trading volumes had surged to $4.96bn on Ethereum ( ETH ) before falling back. At the time of writing, February volume on Ethereum stood at $2.68bn. High Profile NFTs and Auction Houses Back in early 2021, NFTs grabbed the limelight and never looked back. Everydays: The First 5000 Days, created by digital artist Beeple, went at auction for a whopping $69m. For artists, the sale was pivotal, with the world\x92s famous auction houses and virtual uniting. Both Christie\x92s and Sotheby\x92s have been particularly active in the NFT space following Beeple\x92s auction at Christie\x92s. Interest in NFTs has been so rampant that Sotheby\x92s created a dedicated Metaverse auction site. NFT Philanthropy With interest in NFTs unlikely to abate any time soon, the NFT market place has become a \x93go to\x94 for raising funds for charity. \x93 Giving Block \x94 is one platform that accepts crypto donations. The platform provides an ecosystem for charities and nonprofit organizations to fundraise Bitcoin and other cryptos. Giving Block\x92s 2021 annual report highlights the rise in NFT Philanthropy. More than \x93 $12.3m in crypto donations were made from known NFT projects to dozens of charities on The Giving Block platform \x94. There were also collaborations, with NFT artists and nonprofts partnering in fund raising campaigns. Notable campaigns included #NFT Tuesday, a one-day NFT celebration of NFT charitable giving with charity auctions hosted by Sotheby\x92s and CoinDesk among others. Orangutan Outreach was another notable, with the organization receiving donations from the Bored Ape Yacht Club team. Story continues With a firm link between cryptos, NFTs and the charity world, others have turned to NFTs. Robin Williams\x92s Son Goes NFT for Mental Health Robin Williams was an actor and comedian who had major roles in films including Good Morning Vietnam, Mrs Doubtfie, Dead Poets Society, and Good Will Hunting, for which he won the Oscar for Best Supporting Actor. The actor died by suicide in 2014 after struggling with mental health issues and Lewy body dementia, which was diagnosed post mortem. This week, news hit the wires of an NFT project launched to honor Robin Williams, with the proceeds to go to mental health services for low-income young people. Zak Williams, the son of the late actor, and artist Jesus Martinez collaborated and minted the NFTs on Martinez\x92s SuperRare profile. The proceeds of the sale will go to Bring Change to Mind (BC2M), co-founded by actress Glenn Close. The charity\x92s mission is \x93 To end the stigma and discrimination surrounding mental illness \x94. This article was originally posted on FX Empire More From FXEMPIRE: After SundaeSwap, Cardano Prepares for Next DEX\x92s Launch This Month U.S Mortgage Rates Surge for a Second Consecutive Week Nat Gas Could Strengthen Over $4.600, Weaken Under $4.460 Wall Street Week Ahead Earnings: Caesars Entertainment, Home Depot, Lowe\x92s and Moderna in Focus Bitcoin (BTC) Treads Water as Markets Eye News on Russia UFC and NFL NFT Platforms Drive FLOW Network Activity', 'Interest inNFTs has continued to surge through February, as more mainstream goes digital. While trading activity may have slowed in in recent weeks, the numbers are still well above December trading volumes.\nLeading NFT marketplace OpenSea had animpressivestart to the year. NFT trading volumes hit a record high, pointing to another stellar year ahead. According to figures fromDune Analytics, monthly trading volumes had surged to $4.96bn on Ethereum (ETH) before falling back. At the time of writing, February volume on Ethereum stood at $2.68bn.\nBack in early 2021, NFTs grabbed the limelight and never looked back. Everydays: The First 5000 Days, created by digital artist Beeple, went at auction for a whopping $69m. For artists, the sale was pivotal, with the world’s famous auction houses and virtual uniting. Both Christie’s and Sotheby’s have been particularly active in the NFT space following Beeple’s auction at Christie’s. Interest in NFTs has been so rampant that Sotheby’s created a dedicatedMetaverseauction site.\nWith interest in NFTs unlikely to abate any time soon, the NFT market place has become a “go to” for raising funds for charity. “Giving Block” is one platform that accepts crypto donations. The platform provides an ecosystem for charities and nonprofit organizations to fundraise Bitcoin and other cryptos. Giving Block’s 2021annual reporthighlights the rise in NFT Philanthropy. More than “$12.3m in crypto donations were made from known NFT projects to dozens of charities on The Giving Block platform”.\nThere were also collaborations, with NFT artists and nonprofts partnering in fund raising campaigns. Notable campaigns included #NFT Tuesday, a one-day NFT celebration of NFT charitable giving with charity auctions hosted by Sotheby’s and CoinDesk among others. Orangutan Outreach was another notable, with the organization receiving donations from the Bored Ape Yacht Club team.\nWith a firm link between cryptos, NFTs and the charity world, others have turned to NFTs.\nRobin Williams was an actor and comedian who had major roles in films including Good Morning Vietnam, Mrs Doubtfie, Dead Poets Society, and Good Will Hunting, for which he won the Oscar for Best Supporting Actor. The actor died by suicide in 2014 after struggling with mental health issues and Lewy body dementia, which was diagnosed post mortem.\nThis week,news hit the wiresof an NFT project launched to honor Robin Williams, with the proceeds to go to mental health services for low-income young people.\nZak Williams, the son of the late actor, and artist Jesus Martinez collaborated and minted the NFTs on Martinez’sSuperRareprofile. The proceeds of the sale will go toBring Change to Mind(BC2M), co-founded by actress Glenn Close. The charity’s mission is “To end the stigma and discrimination surrounding mental illness”.\nThisarticlewas originally posted on FX Empire\n• After SundaeSwap, Cardano Prepares for Next DEX’s Launch This Month\n• U.S Mortgage Rates Surge for a Second Consecutive Week\n• Nat Gas Could Strengthen Over $4.600, Weaken Under $4.460\n• Wall Street Week Ahead Earnings: Caesars Entertainment, Home Depot, Lowe’s and Moderna in Focus\n• Bitcoin (BTC) Treads Water as Markets Eye News on Russia\n• UFC and NFL NFT Platforms Drive FLOW Network Activity', 'Bitcoin ( BTC ) ended a 3-day losing streak on Saturday. The upside was modest, however, as geopolitics continued to peg back Bitcoin and the broader market. News updates on Russia and a possible invasion of the Ukraine left Bitcoin range-bound on the day. Following a 1.36% fall on Friday, Bitcoin rose by 0.28% to end the day at $40,107. It was a mixed session for the rest of the crypto top 10, however. Avalanche ( AVAX ) joined Bitcoin in the green, rising by 1.51%, with Solana ( SOL ) and Cardano (ADA) rising by 1.58% and by 0.10% respectively. Terra ( LUNA ) also avoided the red, rising by 0.49%, with Ripple ( XRP ) rallying by 4.85%. Ethereum ( ETH ) ended the day down by 0.56%. Bitcoin Fear & Greed Index Continues Upswing Following Saturday\x92s slide back to 25/100 and fall into the Extreme Fear zone, the Bitcoin Fear & Greed Index rose to 27/100 and back into the Fear zone this morning. The modest increase came in spite of ongoing concerns over a Russian invasion of the Ukraine. For the Bitcoin bulls, the Index will need to move back through last week\x92s 54/100 high to bring $50,000 levels back into play for Bitcoin. A fall back through to sub-20/100 would bring sub-$30,000 levels back into play. Bitcoin Price Action At the time of writing, Bitcoin was down by 0.39% to $39,950. A move through the day\x92s $40,079 pivot would support a run the first major resistance level at $40,493. In the event of an extended rally, Bitcoin could test the third major resistance level at $41,679 and resistance at $42,000 before any pullback. The second major resistance level sits at $40,879. Failure to move through the pivot would bring the first major support level at $39,693 into play. In the event of an extended sell-off, Bitcoin could test the third major support level at $38,479. The second major support level sits at $39,279. Looking at the EMAs and 4-hourly candlesticks (below), the signal has become yet more bearish. Bitcoin continues to sit well below 50-day EMA, which has converged on the 100-day and 200-day EMAs overnight. On Saturday, we saw a bearish cross, with the 100-day EMA crossing through the 200-day EMA. A bearish cross of the 50-day EMA through the 100-day the 200-day EMAs would bring sub-$39,000 into play. Story continues For the bulls, a Bitcoin move back through the 100-day EMA, currently at $41,600, would provide some support. This article was originally posted on FX Empire More From FXEMPIRE: Late Actor Robin Williams\x92s Son Goes NFT for Mental Health E-mini S&P in Position to Retest 4266.00 \x96 4137.50 Support Nat Gas Could Strengthen Over $4.600, Weaken Under $4.460 After SundaeSwap, Cardano Prepares for Next DEX\x92s Launch This Month UFC and NFL NFT Platforms Drive FLOW Network Activity The Weekly Wrap \x96 Russia and the Ukraine Overshadow Economic Data', 'Bitcoin (BTC) ended a 3-day losing streak on Saturday. The upside was modest, however, as geopolitics continued to peg back Bitcoin and the broader market. News updates on Russia and a possible invasion of the Ukraine left Bitcoin range-bound on the day. Following a 1.36% fall on Friday, Bitcoin rose by 0.28% to end the day at $40,107.\nIt was a mixed session for the
**Last 60 Days of Bitcoin's Closing Prices:**
[48628.51, 50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-20
**Financial & Commodity Data:**
- Gold Closing Price: $1898.60
- Crude Oil Closing Price: $91.07
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $728,324,902,988
- Hash Rate: 200196675.81507933
- Transaction Count: 200535.0
- Unique Addresses: 549160.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.27
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investment companyAtlas Capital Advisors Llc(Current Portfolio) buys Vanguard Short-Term Bond ETF, Fidelity MSCI Consumer Discretionary Index ETF, iShares Core MSCI Europe ETF, Vanguard FTSE Emerging Markets ETF, iShares Core MSCI Pacific ETF, sells BTC iShares MSCI USA Momentum Factor ETF, iShares U.S. Preferred Stock, Invesco Preferred ETF, Schwab International Small-Cap Equity ETF, Vanguard Communication Services ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Atlas Capital Advisors Llc. As of 2021Q4, Atlas Capital Advisors Llc owns 909 stocks with a total value of $664 million. These are the details of the buys and sells.
• New Purchases:JPST, FALN, FLYW, APA, SU, GSPD.PFD, COTY, SMH, GIL, VMW, AWP, SLVM, KD, RIVN, GRAB, ORLY, JACK,
• Added Positions:BSV, FDIS, IEUR, VWO, IPAC, XLK, VCR, VSS, FTEC, AXP, VDE, XLF, SCZ, XLY, FIS, FNCL, PUK, FHLC, F, GSK, CRM, JEPI, IVLU, PXF, ADI, INTC, FIDU, FSTA, SHY, SCHP, HMC, MUFG, WDC, BBCA, BCS, CSCO, HDB, MBT, NVS, NVO, PFE, PVH, STX, WFC, OGZPY, FLT, FENY, IMTM, VFH, XLE, BBY, CP, KGC, ORCL, TM, NXPI, FUTY, VAW, VTIP, ABB, AMX, CM, BAP, EL, FMX, GPS, HPQ, IRM, KT, LKQ, MRK, NUE, SNY, SPG, VLO, ZBRA, CVE, GM, PSX, HPE, DFAI, IEMG, IXJ, MCHI, NYF, VCIT, ADBE, AMD, ASX, ITUB, BSAC, DXC, DVN, EOG, ERIC, EXC, FMS, GFI, TV, IBN, SJM, JNPR, KR, MRO, SJR, TROW, TSM, TSN, UMC, WBA, EBAY, LUKOY, AER, FANG, KHC, MFGP, ACWI, CMF, DFAT, ESGU, EWT, IBB, IVV, SPDW, VXUS, T, ACN, ABG, AZN, AZO, CX, CNC, SNP, XOM, FISV, GPN, LNC, LAD, TAP, WRK, SIVB, TEVA, URI, LDOS, MELI, PM, DISCK, KMI, SBSW, BABA, ETSY, NTLA, TWLO, PINS, NTCO, FM, MOAT, NULV, SCHF, SCHG, SCHK, THD, VIOO, XBI,
• Reduced Positions:MTUM, PFF, PGX, SCHC, VOX, EMB, VTV, VPL, VHT, VEU, FCOM, PFFD, COF, SJNK, SPEM, LLY, BBEU, VTI, PYPL, TIP, IGSB, VBR, XLI, XLV, BIIB, IUSV, SCHV, AAPL, VALE, ILMN, ZBH, TMUS, CHTR, BAB, IWN, SCHE, VNQI, XLC, BHP, HAL, BUD, SCHM, VGK, VGT, ALB, CAJ, CMI, EA, GS, MKTX, NTES, VOD, WMT, BIDU, BMY, CTSH, GIS, MU, PH, PSO, PGR, SNN, VZ, ANTM, ABBV, JD, SHOP, EFV, IWM, SCHH, VFMO, VIG, VIS, VOO, VPU, VIAC, CMCSA, GOOGL, LRCX, LOGI, VTR, WBK, WHR, LYB, FB, PDD, PROSY, EWY, VB, VT, XLP, AES, ABC, AMGN, AMAT, CNQ, CAT, CTXS, DVA, DE, ERJ, FDX, FLS, ING, IPG, INTU, KLAC, KEY, KEP, MTB, NVDA, PKX, RF, BB, ROP, SONY, TD, UBS, UNH, UHS, CMG, RDS.B, MLCO, DFS, GLPG, VIPS, CFG, RACE, CARR, VSCO, DIA, EFA, EWC, EWJV, VDC, VFVA, XLB, ABT, APH, ADM, ADSK, BBVA, BNS, BLK, BSX, CVS, SCHW, CI, CMA, CBD, CAG, DHR, DUK, ETN, DISH, EMR, ENB, NEE, FCX, INCY, KMB, KIM, BBWI, LMT, LOW, MET, MT, MS, NEM, NMR, NOC, OMC, PNC, PAAS, PHG, PHM, QCOM, SAP, SKM, STM, SLB, SCCO, LUV, UPS, DIS, WY, TECK, FTNT, HCA, MPC, APTV, NWS, KEYS, QRVO, DELL, FOXA, DOW, JMIA, PLTR, BIV, CSM, DSI, GLD, IAU, IJR, IVOO, IWO, JNK, JPMB, MDY, MLPA, NOBL, OUSA, RWR, RYF, SPYV, TDIV, VEA, VNQ, VYM, XLRE, XTL,
• Sold Out:BND, AMJ, RIO, RWX, KSU, CRTX, TCOM, DISCA, GDS, BVN, VGLT, EWZ, NCLH, TWTR, EPU, DXJ, FIVG, COMT, EIRL, IGIB, EMLC, ESGE, IMVT, FMAT, HYD, SUB, SUSA, TFI, VGIT, VTEB, EDU, BCE, BBD, CPB, LFC, ABEV, SBS, LYV, NOV, YPF, BNDX, TAL, EIGR, WB, ZM, A, AGCUU, COIN, BLV,
• Warning! GuruFocus has detected 2 Warning Sign with AMZN. Click here to check it out.
• BSV 15-Year Financial Data
• The intrinsic value of BSV
• Peter Lynch Chart of BSV
For the details of ATLAS CAPITAL ADVISORS LLC's stock buys and sells,go tohttps://www.gurufocus.com/guru/atlas+capital+advisors+llc/current-portfolio/portfolio
These are the top 5 holdings of ATLAS CAPITAL ADVISORS LLC
1. Vanguard Short-Term Bond ETF (BSV) - 326,324 shares, 3.97% of the total portfolio. Shares added by 4029.64%
2. Vanguard FTSE Europe ETF (VGK) - 325,975 shares, 3.35% of the total portfolio. Shares reduced by 1.43%
3. iShares MSCI Intl Momentum Factor ET (IMTM) - 466,621 shares, 2.67% of the total portfolio. Shares added by 1.71%
4. Microsoft Corp (MSFT) - 48,998 shares, 2.48% of the total portfolio. Shares reduced by 0.7%
5. Procter & Gamble Co (PG) - 95,532 shares, 2.35% of the total portfolio.
New Purchase: JPMorgan Ultra-Short Income ETF (JPST)
Atlas Capital Advisors Llc initiated holding in JPMorgan Ultra-Short Income ETF. The purchase prices were between $50.45 and $50.59, with an estimated average price of $50.51. The stock is now traded at around $50.480000. The impact to a portfolio due to this purchase was 0.2%. The holding were 26,123 shares as of 2021-12-31.
New Purchase: Flywire Corp (FLYW)
Atlas Capital Advisors Llc initiated holding in Flywire Corp. The purchase prices were between $33.07 and $53.96, with an estimated average price of $42.61. The stock is now traded at around $28.190000. The impact to a portfolio due to this purchase was 0.08%. The holding were 13,929 shares as of 2021-12-31.
New Purchase: iShares Fallen Angels USD Bond ETF (FALN)
Atlas Capital Advisors Llc initiated holding in iShares Fallen Angels USD Bond ETF. The purchase prices were between $29.31 and $30.2, with an estimated average price of $29.76. The stock is now traded at around $28.760000. The impact to a portfolio due to this purchase was 0.08%. The holding were 16,788 shares as of 2021-12-31.
New Purchase: APA Corp (APA)
Atlas Capital Advisors Llc initiated holding in APA Corp. The purchase prices were between $22.06 and $30.66, with an estimated average price of $26.64. The stock is now traded at around $33.210000. The impact to a portfolio due to this purchase was 0.06%. The holding were 15,108 shares as of 2021-12-31.
New Purchase: Suncor Energy Inc (SU)
Atlas Capital Advisors Llc initiated holding in Suncor Energy Inc. The purchase prices were between $21.37 and $26.72, with an estimated average price of $24.45. The stock is now traded at around $28.570000. The impact to a portfolio due to this purchase was 0.05%. The holding were 12,249 shares as of 2021-12-31.
New Purchase: Goldman Sachs Group Inc (GSPD.PFD)
Atlas Capital Advisors Llc initiated holding in Goldman Sachs Group Inc. The purchase prices were between $24.64 and $25.43, with an estimated average price of $25.09. The stock is now traded at around $23.000000. The impact to a portfolio due to this purchase was 0.03%. The holding were 7,800 shares as of 2021-12-31.
Added: Vanguard Short-Term Bond ETF (BSV)
Atlas Capital Advisors Llc added to a holding in Vanguard Short-Term Bond ETF by 4029.64%. The purchase prices were between $80.65 and $81.49, with an estimated average price of $80.98. The stock is now traded at around $80.000000. The impact to a portfolio due to this purchase was 3.87%. The holding were 326,324 shares as of 2021-12-31.
Added: Fidelity MSCI Consumer Discretionary Index ETF (FDIS)
Atlas Capital Advisors Llc added to a holding in Fidelity MSCI Consumer Discretionary Index ETF by 227.47%. The purchase prices were between $79.89 and $91.95, with an estimated average price of $86.98. The stock is now traded at around $79.630000. The impact to a portfolio due to this purchase was 0.85%. The holding were 92,056 shares as of 2021-12-31.
Added: iShares Core MSCI Europe ETF (IEUR)
Atlas Capital Advisors Llc added to a holding in iShares Core MSCI Europe ETF by 622.75%. The purchase prices were between $55.05 and $59.03, with an estimated average price of $57.2. The stock is now traded at around $56.140000. The impact to a portfolio due to this purchase was 0.57%. The holding were 75,383 shares as of 2021-12-31.
Added: Vanguard FTSE Emerging Markets ETF (VWO)
Atlas Capital Advisors Llc added to a holding in Vanguard FTSE Emerging Markets ETF by 68.02%. The purchase prices were between $47.81 and $51.82, with an estimated average price of $50.01. The stock is now traded at around $49.670000. The impact to a portfolio due to this purchase was 0.51%. The holding were 167,686 shares as of 2021-12-31.
Added: iShares Core MSCI Pacific ETF (IPAC)
Atlas Capital Advisors Llc added to a holding in iShares Core MSCI Pacific ETF by 195.06%. The purchase prices were between $61.58 and $66.16, with an estimated average price of $64.34. The stock is now traded at around $60.630000. The impact to a portfolio due to this purchase was 0.47%. The holding were 73,463 shares as of 2021-12-31.
Added: Technology Select Sector SPDR ETF (XLK)
Atlas Capital Advisors Llc added to a holding in Technology Select Sector SPDR ETF by 24.40%. The purchase prices were between $147.78 and $176.65, with an estimated average price of $164.65. The stock is now traded at around $161.970000. The impact to a portfolio due to this purchase was 0.42%. The holding were 82,501 shares as of 2021-12-31.
Sold Out: Vanguard Total Bond Market ETF (BND)
Atlas Capital Advisors Llc sold out a holding in Vanguard Total Bond Market ETF. The sale prices were between $84.07 and $85.48, with an estimated average price of $84.79.
Sold Out: JPMorgan Chase & Co. FR SP ETN REDEEM 24/05/2024 U (AMJ)
Atlas Capital Advisors Llc sold out a holding in JPMorgan Chase & Co. FR SP ETN REDEEM 24/05/2024 U. The sale prices were between $16.75 and $19.85, with an estimated average price of $18.29.
Sold Out: Rio Tinto PLC (RIO)
Atlas Capital Advisors Llc sold out a holding in Rio Tinto PLC. The sale prices were between $59.9 and $71.09, with an estimated average price of $64.71.
Sold Out: SPDR Dow Jones International Real Estate ETF (RWX)
Atlas Capital Advisors Llc sold out a holding in SPDR Dow Jones International Real Estate ETF. The sale prices were between $34.17 and $36.37, with an estimated average price of $35.23.
Sold Out: Cortexyme Inc (CRTX)
Atlas Capital Advisors Llc sold out a holding in Cortexyme Inc. The sale prices were between $11.35 and $97.17, with an estimated average price of $28.94.
Sold Out: (KSU)
Atlas Capital Advisors Llc sold out a holding in . The sale prices were between $276.49 and $311.4, with an estimated average price of $299.1.
Here is the complete portfolio of ATLAS CAPITAL ADVISORS LLC. Also check out:1. ATLAS CAPITAL ADVISORS LLC's Undervalued Stocks2. ATLAS CAPITAL ADVISORS LLC's Top Growth Compani...
- 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.
|
37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12
|
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:**
['It was back into the red for Bitcoin ( BTC ) on Sunday, marking a 4 th loss in 5-sessions. Geopolitics continued to be the key driver. The ongoing threat of Russia invading the Ukraine weighed on Bitcoin and the broader market. On the regulatory front, the imminent release of a White House executive order on cryptos also remains market negative, however. Following a modest 0.28% gain on Saturday, Bitcoin fell by 4.26% to end the day at $38,397. Things were not much better for the rest of the top 10 cryptos. Avalanche ( AVAX ) led the way down, sliding by 9.20%. ADA (-6.52%), BNB (-4.80%), ETH (-5.14%), and XRP (-5.49%) also struggled. LUNA and SOL saw relatively modest losses of 2.07% and 0.63% respectively. Bitcoin Fear & Greed Index in Extreme Fear Zone On Sunday, the Bitcoin Fear & Greed Index rose to 27/100 and back into the Fear zone, supported by Bitcoin\x92s modest gain on Saturday. Sunday\x92s reversal, however, saw the Index fall back to 25/100 and back into the \x93Extreme Fear\x94 zone this morning. For the Bitcoin bulls, the Index will need to move back through last week\x92s 54/100 high to bring $50,000 levels back into play for Bitcoin. A fall back through to sub-20/100 would bring sub-$30,000 levels back into play. Bitcoin Price Action At the time of writing, Bitcoin was down by 0.02% to $38,390. A move through the day\x92s $38,853 pivot would support a run the first major resistance level at $39,687. In the event of an extended rally, Bitcoin could test resistance at $42,000 before any pullback. The second major resistance level sits at $40,976. Failure to move through the pivot would bring the first major support level at $37,564 into play. In the event of an extended sell-off, the second major support level at $36,730 would likely come into play. Looking at the EMAs and 4-hourly candlesticks (below), the signal is bearish. Bitcoin continues to sit well below 50-day EMA. On Sunday, we saw a bearish cross, with the 50-day EMA crossing through the 200-day and the 100-day EMAs. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place further downward pressure on Bitcoin. Story continues For the bulls, a Bitcoin move back through the 50-day EMA, currently at $41,100 levels, would provide some support. Market angst over the ongoing threat of a Russian invasion of the Ukraine could bring further downside for Bitcoin and the broader market. Influence from the U.S futures is likely later in the day. In the early hours of this morning, the U.S futures responded to news updates from the weekend on Russia and the Ukraine. At the time of writing, the NASDAQ 100 mini was down by 150 points. This article was originally posted on FX Empire More From FXEMPIRE: Vitalik Buterin: Developers Would \x91Welcome\x92 Another Crypto Winter Canadians Go Bitcoin (BTC) as Government Targets Bank Accounts UFC and NFL NFT Platforms Drive FLOW Network Activity Wall Street Week Ahead Earnings: Caesars Entertainment, Home Depot, Lowe\x92s and Moderna in Focus Dollar Index Edges Higher on Increased Tensions Over Ukraine Late Actor Robin Williams\x92s Son Goes NFT for Mental Health', 'It was back into the red for Bitcoin (BTC) on Sunday, marking a 4thloss in 5-sessions. Geopolitics continued to be the key driver. The ongoing threat of Russia invading the Ukraine weighed on Bitcoin and the broader market. On the regulatory front, the imminent release of a White House executive order on cryptos also remains market negative, however.\nFollowing a modest 0.28% gain on Saturday, Bitcoin fell by 4.26% to end the day at $38,397.\nThings were not much better for the rest of the top 10 cryptos.\nAvalanche (AVAX) led the way down, sliding by 9.20%.ADA(-6.52%),BNB(-4.80%),ETH(-5.14%), andXRP(-5.49%) also struggled.LUNAandSOLsaw relatively modest losses of 2.07% and 0.63% respectively.\nOn Sunday, theBitcoin Fear & Greed Indexrose to 27/100 and back into the Fear zone, supported by Bitcoin’s modest gain on Saturday. Sunday’s reversal, however, saw the Index fall back to 25/100 and back into the “Extreme Fear” zone this morning.\nFor the Bitcoin bulls, the Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin. A fall back through to sub-20/100 would bring sub-$30,000 levels back into play.\nAt the time of writing, Bitcoin was down by 0.02% to $38,390. A move through the day’s $38,853 pivot would support a run the first major resistance level at $39,687. In the event of an extended rally, Bitcoin could test resistance at $42,000 before any pullback. The second major resistance level sits at $40,976.\nFailure to move through the pivot would bring the first major support level at $37,564 into play. In the event of an extended sell-off, the second major support level at $36,730 would likely come into play.\nLooking at the EMAs and 4-hourly candlesticks (below), the signal is bearish. Bitcoin continues to sit well below 50-day EMA. On Sunday, we saw a bearish cross, with the 50-day EMA crossing through the 200-day and the 100-day EMAs. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place further downward pressure on Bitcoin.\nFor the bulls, a Bitcoin move back through the 50-day EMA, currently at $41,100 levels, would provide some support.\nMarket angst over the ongoing threat of a Russian invasion of the Ukraine could bring further downside for Bitcoin and the broader market. Influence from the U.S futures is likely later in the day. In the early hours of this morning, the U.S futures responded to news updates from the weekend on Russia and the Ukraine. At the time of writing, the NASDAQ 100 mini was down by 150 points.\nThisarticlewas originally posted on FX Empire\n• Vitalik Buterin: Developers Would ‘Welcome’ Another Crypto Winter\n• Canadians Go Bitcoin (BTC) as Government Targets Bank Accounts\n• UFC and NFL NFT Platforms Drive FLOW Network Activity\n• Wall Street Week Ahead Earnings: Caesars Entertainment, Home Depot, Lowe’s and Moderna in Focus\n• Dollar Index Edges Higher on Increased Tensions Over Ukraine\n• Late Actor Robin Williams’s Son Goes NFT for Mental Health', 'It was back into the red for Bitcoin (BTC) on Sunday, marking a 4thloss in 5-sessions. Geopolitics continued to be the key driver. The ongoing threat of Russia invading the Ukraine weighed on Bitcoin and the broader market. On the regulatory front, the imminent release of a White House executive order on cryptos also remains market negative, however.\nFollowing a modest 0.28% gain on Saturday, Bitcoin fell by 4.26% to end the day at $38,397.\nThings were not much better for the rest of the top 10 cryptos.\nAvalanche (AVAX) led the way down, sliding by 9.20%.ADA(-6.52%),BNB(-4.80%),ETH(-5.14%), andXRP(-5.49%) also struggled.LUNAandSOLsaw relatively modest losses of 2.07% and 0.63% respectively.\nOn Sunday, theBitcoin Fear & Greed Indexrose to 27/100 and back into the Fear zone, supported by Bitcoin’s modest gain on Saturday. Sunday’s reversal, however, saw the Index fall back to 25/100 and back into the “Extreme Fear” zone this morning.\nFor the Bitcoin bulls, the Index will need to move back through last week’s 54/100 high to bring $50,000 levels back into play for Bitcoin. A fall back through to sub-20/100 would bring sub-$30,000 levels back into play.\nAt the time of writing, Bitcoin was down by 0.02% to $38,390. A move through the day’s $38,853 pivot would support a run the first major resistance level at $39,687. In the event of an extended rally, Bitcoin could test resistance at $42,000 before any pullback. The second major resistance level sits at $40,976.\nFailure to move through the pivot would bring the first major support level at $37,564 into play. In the event of an extended sell-off, the second major support level at $36,730 would likely come into play.\nLooking at the EMAs and 4-hourly candlesticks (below), the signal is bearish. Bitcoin continues to sit well below 50-day EMA. On Sunday, we saw a bearish cross, with the 50-day EMA crossing through the 200-day and the 100-day EMAs. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place further downward pressure on Bitcoin.\nFor the bulls, a Bitcoin move back through the 50-day EMA, currently at $41,100 levels, would provide some support.\nMarket angst over the ongoing threat of a Russian invasion of the Ukraine could bring further downside for Bitcoin and the broader market. Influence from the U.S futures is likely later in the day. In the early hours of this morning, the U.S futures responded to news updates from the weekend on Russia and the Ukraine. At the time of writing, the NASDAQ 100 mini was down by 150 points.\nThisarticlewas originally posted on FX Empire\n• Vitalik Buterin: Developers Would ‘Welcome’ Another Crypto Winter\n• Canadians Go Bitcoin (BTC) as Government Targets Bank Accounts\n• UFC and NFL NFT Platforms Drive FLOW Network Activity\n• Wall Street Week Ahead Earnings: Caesars Entertainment, Home Depot, Lowe’s and Moderna in Focus\n• Dollar Index Edges Higher on Increased Tensions Over Ukraine\n• Late Actor Robin Williams’s Son Goes NFT for Mental Health', 'By Julien Ponthus LONDON (Reuters) - The euro\'s gains fizzled and the dollar received a safe-haven boost on Monday after the Kremlin said there were no concrete plans for a summit over Ukraine between the Russian and U.S. presidents. Weekend reports that Vladimir Putin and Joe Biden had agreed in principle to discuss finding a possible path out of Europe\'s biggest military crisis in decades had prompted investors to cautiously buy stocks and the euro and pull capital away from safe-haven shelters such as the yen and government debt. But the latest news, along with reports of border skirmishes, prompted investors to take shelter. "Tensions are running high," said Kenneth Broux, an FX strategist at Societe Generale. Against the safe-haven Swiss franc, the euro currency sank half a percent to a
**Last 60 Days of Bitcoin's Closing Prices:**
[50784.54, 50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-21
**Financial & Commodity Data:**
- Gold Closing Price: $1898.60
- Crude Oil Closing Price: $91.07
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $739,201,935,188
- Hash Rate: 171001327.25871363
- Transaction Count: 237402.0
- Unique Addresses: 615656.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The value of Tesla's (TSLA) bitcoin holdings at the end of the fourth quarter remained unchanged from the end of the previous quarter at $1.26 billion, the electric car maker said in its quarterly earnings report on Wednesday.
• Tesla did not buy or sell any bitcoin in the quarter, nor did it record any impairments to the value of its bitcoin holdings because the price of bitcoin was essentially flat from the end of the third quarter to the end of the fourth quarter.
• In the third quarter, Tesla also did not add to or reduce its bitcoin holdings, but was requiredto report a $51 million impairmentto reflect the decline in the price of the cryptocurrency.
• According to accounting rules for digital assets, if the price of an asset falls during a quarter, a company must report an impairment. But if the price increases, it is not reported as a gain on the balance sheet.
• Tesla announced in February it hadpurchased $1.5 billion worth of bitcoin. Later in Q1, the company trimmed its bitcoin position by 10%, a sale that boosted that quarter’s earnings by $272 million. Tesla didn’t buy or sell any bitcoin in the second quarter.
• Overall, Tesla’s adjusted Q4 earnings per share came in at $2.54 versus the $2.36 expected by analysts, according to FactSet. Revenue came in at $17.7 billion against the $17.1 billion expected.
• Tesla’s share price initially fell about 4% after the release of the earnings but then recovered. Shares were most recently up slightly to $939.51.
Read more:Dogecoin Surges 11% as Payments Go Live on Tesla Store...
- 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.
|
38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79
|
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:**
['There has been plenty of interest in the Metaverse since the turn of the year. Music, fashion, and sport have all entered the virtual arena. Such has been the interest in the Metaverse that JPMorgan forecasts a $1 trillion Metaverse. Some headline figures from JPMorgan’s “Opportunities in the Metaverse” include: Spending on in-game ads to hit $18.41bn by 2027. The average price of a parcel of virtual land doubled to $12,000 in just 6-months. There are 200 strategic partners to date with The Sandbox, including Warner Music Group. Each year, spending on virtual goods sits at $54bn. Almost 60 billion messages are sent on Roblox each day. NFTs currently have a $41 billion market capitalization. Big Names and the Metaverse In the last few months, some big names have entered the Metaverse. These include McDonald’s , Warner Music Group , and Victoria’s Secret . Last month, we reported on the Australian Open and the first-ever tennis tournament on Decentraland ( MANA ). The Australian Open replicated Melbourne Park in Decentraland, giving tennis fans a taste of Melbourne tennis. Following the tennis foray in Decentraland, it was only a matter of time before other sports entered the virtual arena. English Premier Club Manchester City FC Goes Metaverse In recent days, news hit the wires of Manchester City Football Club partnering with Sony to deliver football to the Metaverse. In a reported 3-year agreement, Manchester City has started to build the world’s first football stadium. According to the report, the Club sees a virtual Etihad Stadium accessible by fans globally. Sony representatives have visited the stadium to recreate the stadium in the Metaverse. The partnership offers endless opportunities, including fan engagement with the players. Soon, fans could also purchase virtual products, such as NFTs . In the future, the ultimate goal will be to allow fans to experience the live setting of a Manchester City FC home game from home. Such an eventuality could prove lucrative for the world’s leading football clubs. Clubs can air their home games in the Metaverse, removing the need for broadcasters. According to a CNBC report , NBC retained the U.S. English and Spanish-language broadcasting rights to the English Premier League with a bid of more than $2.7bn over 6-years. Story continues This article was originally posted on FX Empire More From FXEMPIRE: Holding $1899.80 Could Launch April Comex Gold into $1951.00 Former Bored Ape Yacht Club Artist Launches All-Female Vampire NFTs Intel Unveils new Bitcoin (BTC) Asic Miner Are Your NFTs Safe? OpenSea Phishing Attack Raises Concerns Huobi Co-Founder Says the Next Bitcoin Bull Run is in 2025 E-mini S&P 500 Index Bears Targeting January Low at 4212.75', 'There has been plenty of interest in the Metaverse since the turn of the year. Music, fashion, and sport have all entered the virtual arena. Such has been the interest in the Metaverse that JPMorganforecastsa $1 trillion Metaverse.\nSome headline figures from JPMorgan’s “Opportunities in the Metaverse” include:\n• Spending on in-game ads to hit $18.41bn by 2027.\n• The average price of a parcel of virtual land doubled to $12,000 in just 6-months.\n• There are 200 strategic partners to date with The Sandbox, including Warner Music Group.\n• Each year, spending on virtual goods sits at $54bn.\n• Almost 60 billion messages are sent on Roblox each day.\n• NFTs currently have a $41 billion market capitalization.\nIn the last few months, some big names have entered the Metaverse. These includeMcDonald’s,Warner Music Group, andVictoria’s Secret. Last month, wereportedon the Australian Open and the first-ever tennis tournament on Decentraland (MANA). The Australian Open replicated Melbourne Park in Decentraland, giving tennis fans a taste of Melbourne tennis.\nFollowing the tennis foray in Decentraland, it was only a matter of time before other sports entered the virtual arena.\nIn recent days,newshit the wires of Manchester City Football Club partnering with Sony to deliver football to the Metaverse.\nIn a reported 3-year agreement, Manchester City has started to build the world’s first football stadium. According to the report, the Club sees a virtual Etihad Stadium accessible by fans globally. Sony representatives have visited the stadium to recreate the stadium in the Metaverse. The partnership offers endless opportunities, including fan engagement with the players. Soon, fans could also purchase virtual products, such asNFTs.\nIn the future, the ultimate goal will be to allow fans to experience the live setting of a Manchester City FC home game from home.\nSuch an eventuality could prove lucrative for the world’s leading football clubs. Clubs can air their home games in the Metaverse, removing the need for broadcasters. According to a CNBCreport, NBC retained the U.S. English and Spanish-language broadcasting rights to the English Premier League with a bid of more than $2.7bn over 6-years.\nThisarticlewas originally posted on FX Empire\n• Holding $1899.80 Could Launch April Comex Gold into $1951.00\n• Former Bored Ape Yacht Club Artist Launches All-Female Vampire NFTs\n• Intel Unveils new Bitcoin (BTC) Asic Miner\n• Are Your NFTs Safe? OpenSea Phishing Attack Raises Concerns\n• Huobi Co-Founder Says the Next Bitcoin Bull Run is in 2025\n• E-mini S&P 500 Index Bears Targeting January Low at 4212.75', 'By Chuck Mikolajczak\nNEW YORK (Reuters) - The U.S. dollar dipped slightly against a basket of major currencies on Tuesday amid choppy trade spurred by developments in Ukraine after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.\nThe Kremlin said it remained open to diplomacy with the United States and other countries as it faced actions from a slew of countries. Britain published a list of sanctions and Germany froze the Nord Stream 2 Baltic Sea gas pipeline project, which would have significantly increased the flow of Russian gas.\nThe dollar weakened somewhat as U.S. President Joe Biden announced the first wave of sanctions against Russia while saying he hoped diplomacy was still available.\nThe euro rose versus the greenback after earlier touching its lowest level since Feb. 14, buoyed in part by the hope for talks and economic data that showed business morale in Germany improved in February across all sectors to its highest since August.\nThe dollar index fell 0.1%, with the euro up 0.2% to $1.1333. The greenback swung between gains of as much as 0.1% and a decline of 0.35% on the day.\n"Putin is running the show here, but the markets are not responding as if they are really fearful that what happened is an irredeemable escalation that is going to end up with the kind of sanctions that wreck economies, or at least will wreck the global recovery," said Joseph Trevisani, senior analyst at FXStreet.com in New York.\n"The game is still in the air, and the markets know it; they don’t see it as a great change in the situation."\nRussia\'s rouble strengthened 2.07% versus the dollar at 78.76 after weakening to 80.9275 per greenback, a level last seen in November 2020. Sterling was last trading at $1.359, down 0.06% on the day.\nThe dollar earlier gained some ground after data from IHS Markit showed U.S. business activity in February regained speed as the drag from a surge in COVID-19 cases during the winter ebbed.\nOther data, however, showed U.S. consumer confidence fell for a second straight month in February.\nAfter initially strengthening against the dollar, safe havens such as the Swiss franc and Japanese yen gave back gains against the greenback. The dollar was up 0.6% against the Swiss franc while the yen weakened 0.29%.\nIn cryptocurrencies, Bitcoin last rose 2.76% to $38,089.06. Ethereum last rose 1.94% to $2,632.62.\n(Reporting by Chuck Mikolajczak; editing by Chizu Nomiyama, Jonathan Oatis and Mark Heinrich)', 'By Chuck Mikolajczak NEW YORK (Reuters) - The U.S. dollar dipped slightly against a basket of major currencies on Tuesday amid choppy trade spurred by developments in Ukraine after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area. The Kremlin said it remained open to diplomacy with the United States and other countries as it faced actions from a slew of countries. Britain published a list of sanctions and Germany froze the Nord Stream 2 Baltic Sea gas pipeline project, which would have significantly increased the flow of Russian gas. The dollar weakened somewhat as U.S. President Joe Biden announced the first wave of sanctions against Russia while saying he hoped diplomacy was still available. The euro rose versus the greenback after earlier touching its lowest level since Feb. 14, buoyed in part by the hope for talks and economic data that showed business morale in Germany improved in February across all sectors to its highest since August. The dollar index fell 0.1%, with the euro up 0.2% to $1.1333. The greenback swung between gains of as much as 0.1% and a decline of 0.35% on the day. "Putin is running the show here, but the markets are not responding as if they are really fearful that what happened is an irredeemable escalation that is going to end up with the kind of sanctions that wreck economies, or at least will wreck the global recovery," said Joseph Trevisani, senior analyst at FXStreet.com in New York. "The game is still in the air, and the markets know it; they don’t see it as a great change in the situation." Russia\'s rouble strengthened 2.07% versus the dollar at 78.76 after weakening to 80.9275 per greenback, a level last seen in November 2020. Sterling was last trading at $1.359, down 0.06% on the day. The dollar earlier gained some ground after data from IHS Markit showed U.S. business activity in February regained speed as the drag from a surge in COVID-19 cases during the winter ebbed. Story continues Other data, however, showed U.S. consumer confidence fell for a
**Last 60 Days of Bitcoin's Closing Prices:**
[50822.20, 50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-22
**Financial & Commodity Data:**
- Gold Closing Price: $1906.10
- Crude Oil Closing Price: $92.35
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $718,958,163,944
- Hash Rate: 211318713.36036152
- Transaction Count: 260265.0
- Unique Addresses: 647191.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.20
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto –
As short-term holders of BTC complain of significant losses, Nayib Bukele is adding 410 more BTC to the country’s holdings, which now total over $70M.
This storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto...
- 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.
|
37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61
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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:**
['It was another choppy day for Bitcoin (BTC) on Tuesday. A bearish start to the day saw Bitcoin track the NASDAQ 100 Mini into the deep red before finding support. Recovering from a day low of $36,372, Bitcoin rallied by 3.41% to end the day at $38,301. On Monday, Bitcoin had fallen by 3.54%.\nGeopolitics remained the key driver as the markets responded to news updates on Russia and Ukraine. Tuesday’s rise was just the 2ndin 7-sessions.\nThe broader crypto market also found much-needed support.\nLUNAled the way, rallying by 8.87%, withAVAXgaining 6.35%.\nBNB(+4.93%) andSOL(+4.21%) also found strong support, whileADA(+3.62%),ETH(+2.69%), andXRP(+2.80%) trailed the front runners.\nOn Tuesday, the Bitcoin Fear & Greed Index had fallen to 20/100 and back into the “Extreme Fear” zone. Finding support from Bitcoin’s gain on Tuesday, the index climbed to 25/100 this morning. Despite the rise, the index remained within the “Extreme Fear” zone this morning.\nFor the Bitcoin bulls, the Index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels.\nBitcoin continued to track the NASDAQ 100 Mini throughout Tuesday. News updates on Russia and Ukraine remained the key driver throughout the day. News of hard-hitting sanctions on Russian banks and Russia’s elite initially weighed on risk sentiment. The fresh sanctions raised hopes that the conflict would come to a swift end, however, providing late support. There were also hopes that the impact of any conflict on the global economy could be contained.\nAt the time of writing, the NASDAQ 100 Mini was up by 113.5 points, providing Bitcoin early support.\nAt the time of writing, Bitcoin was up by 0.05% to $38,319.\nBitcoin will need to avoid the $37,710pivotto support a run on the First Major Resistance Level at $39,049. Support will be needed for a breakout from Tuesday’s high $38,458.\nIn the event of an extended rally, Bitcoin could test resistance at $40,000. The Second Major Resistance Level sits at $39,796.\nA fall through the pivot would bring the First Major Support Level at $36,963 into play. In the event of an extended sell-off, Bitcoin could test support at $35,000. The Second Major Support Level sits at $35,624.\nLooking at theEMAsand the 4-hourly candlestick chart (above), the signal is bearish. Bitcoin continues to sit well below 50-day EMA. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place Bitcoin back under pressure.\nA Bitcoin move through the 50-day EMA at the $39,800 level would provide some support.\nThisarticlewas originally posted on FX Empire\n• Bitpanda Seals First-Ever Acquisition of UK’s FCA-Registered Trustology\n• Silver Prices Dip as Russia-Ukraine Tensions Escalate\n• AUD/USD Buyers Targeting .7262 – .7331 Retracement Zone\n• Stock Markets Recover After Initial Selloff\n• Is the Countertrend Rally for Ethereum Still on Track?\n• Bitcoin (BTC) Finds Support Despite Russia Sanction News', 'It was another choppy day for Bitcoin ( BTC ) on Tuesday. A bearish start to the day saw Bitcoin track the NASDAQ 100 Mini into the deep red before finding support. Recovering from a day low of $36,372, Bitcoin rallied by 3.41% to end the day at $38,301. On Monday, Bitcoin had fallen by 3.54%. Geopolitics remained the key driver as the markets responded to news updates on Russia and Ukraine. Tuesday\x92s rise was just the 2 nd in 7-sessions. The broader crypto market also found much-needed support. LUNA led the way, rallying by 8.87%, with AVAX gaining 6.35%. BNB (+4.93%) and SOL (+4.21%) also found strong support, while ADA (+3.62%), ETH (+2.69%), and XRP (+2.80%) trailed the front runners. Bitcoin Fear & Greed Index Continues Upswing On Tuesday, the Bitcoin Fear & Greed Index had fallen to 20/100 and back into the \x93Extreme Fear\x94 zone. Finding support from Bitcoin\x92s gain on Tuesday, the index climbed to 25/100 this morning. Despite the rise, the index remained within the \x93Extreme Fear\x94 zone this morning. For the Bitcoin bulls, the Index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels. NASDAQ 100 Mini and Bitcoin (BTC) Correlation Remains Bitcoin continued to track the NASDAQ 100 Mini throughout Tuesday. News updates on Russia and Ukraine remained the key driver throughout the day. News of hard-hitting sanctions on Russian banks and Russia\x92s elite initially weighed on risk sentiment. The fresh sanctions raised hopes that the conflict would come to a swift end, however, providing late support. There were also hopes that the impact of any conflict on the global economy could be contained. At the time of writing, the NASDAQ 100 Mini was up by 113.5 points, providing Bitcoin early support. Bitcoin Price Action At the time of writing, Bitcoin was up by 0.05% to $38,319. Technical Indicators Bitcoin will need to avoid the $37,710 pivot to support a run on the First Major Resistance Level at $39,049. Support will be needed for a breakout from Tuesday\x92s high $38,458. Story continues In the event of an extended rally, Bitcoin could test resistance at $40,000. The Second Major Resistance Level sits at $39,796. A fall through the pivot would bring the First Major Support Level at $36,963 into play. In the event of an extended sell-off, Bitcoin could test support at $35,000. The Second Major Support Level sits at $35,624. Looking at the EMAs and the 4-hourly candlestick chart (above), the signal is bearish. Bitcoin continues to sit well below 50-day EMA. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place Bitcoin back under pressure. A Bitcoin move through the 50-day EMA at the $39,800 level would provide some support. This article was originally posted on FX Empire More From FXEMPIRE: Bitpanda Seals First-Ever Acquisition of UK\x92s FCA-Registered Trustology Silver Prices Dip as Russia-Ukraine Tensions Escalate AUD/USD Buyers Targeting .7262 \x96 .7331 Retracement Zone Stock Markets Recover After Initial Selloff Is the Countertrend Rally for Ethereum Still on Track? Bitcoin (BTC) Finds Support Despite Russia Sanction News', 'It was another choppy day for Bitcoin (BTC) on Tuesday. A bearish start to the day saw Bitcoin track the NASDAQ 100 Mini into the deep red before finding support. Recovering from a day low of $36,372, Bitcoin rallied by 3.41% to end the day at $38,301. On Monday, Bitcoin had fallen by 3.54%.\nGeopolitics remained the key driver as the markets responded to news updates on Russia and Ukraine. Tuesday’s rise was just the 2ndin 7-sessions.\nThe broader crypto market also found much-needed support.\nLUNAled the way, rallying by 8.87%, withAVAXgaining 6.35%.\nBNB(+4.93%) andSOL(+4.21%) also found strong support, whileADA(+3.62%),ETH(+2.69%), andXRP(+2.80%) trailed the front runners.\nOn Tuesday, the Bitcoin Fear & Greed Index had fallen to 20/100 and back into the “Extreme Fear” zone. Finding support from Bitcoin’s gain on Tuesday, the index climbed to 25/100 this morning. Despite the rise, the index remained within the “Extreme Fear” zone this morning.\nFor the Bitcoin bulls, the Index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels.\nBitcoin continued to track the NASDAQ 100 Mini throughout Tuesday. News updates on Russia and Ukraine remained the key driver throughout the day. News of hard-hitting sanctions on Russian banks and Russia’s elite initially weighed on risk sentiment. The fresh sanctions raised hopes that the conflict would come to a swift end, however, providing late support. There were also hopes that the impact of any conflict on the global economy could be contained.\nAt the time of writing, the NASDAQ 100 Mini was up by 113.5 points, providing Bitcoin early support.\nAt the time of writing, Bitcoin was up by 0.05% to $38,319.\nBitcoin will need to avoid the $37,710pivotto support a run on the First Major Resistance Level at $39,049. Support will be needed for a breakout from Tuesday’s high $38,458.\nIn the event of an extended rally, Bitcoin could test resistance at $40,000. The Second Major Resistance Level sits at $39,796.\nA fall through the pivot would bring the First Major Support Level at $36,963 into play. In the event of an extended sell-off, Bitcoin could test support at $35,000. The Second Major Support Level sits at $35,624.\nLooking at theEMAsand the 4-hourly candlestick chart (above), the signal is bearish. Bitcoin continues to sit well below 50-day EMA. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place Bitcoin back under pressure.\nA Bitcoin move through the 50-day EMA at the $39,800 level would provide some support.\nThisarticlewas originally posted on FX Empire\n• Bitpanda Seals First-Ever Acquisition of UK’s FCA-Registered Trustology\n• Silver Prices Dip as Russia-Ukraine Tensions Escalate\n• AUD/USD Buyers Targeting .7262 – .7331 Retracement Zone\n• Stock Markets Recover After Initial Selloff\n• Is the Countertrend Rally for Ethereum Still on Track?\n• Bitcoin (BTC) Finds Support Despite Russia Sanction News', 'The high court of China’s southeastern Guangdong province has ruled cryptocurrency investment activities are not protected by law, further clarifying that crypto is not a legitimate currency in the mainland. See related article: China customs seizes 49 second-hand crypto mining rigs for export Fast facts The Guangdong high court on Tuesday listed a crypto-related virtual asset dispute as one of the 10 key internet cases for 2021. In this case, a group was accused of deleting the private keys for cryptocurrency XIN, leading to an 11.9 million yuan (US$1.9 million) loss for the plaintiff. An internet court in Guangzhou, which handled the case, ruled that XIN did not carry the legitimacy of a fiat
**Last 60 Days of Bitcoin's Closing Prices:**
[50429.86, 50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-23
**Financial & Commodity Data:**
- Gold Closing Price: $1909.20
- Crude Oil Closing Price: $92.10
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $724,815,370,220
- Hash Rate: 208538203.974041
- Transaction Count: 251275.0
- Unique Addresses: 622682.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The new year has not been kind to cryptocurrencies, which rose on Wednesday despite about a week of selling that briefly drove Bitcoin below $40,000.
Ajittery market has begun 2022on a sour note, with a suddenly hawkish Federal Reserve and the Omicron wave of COVID-19 infections making investors risk-averse. Meanwhile, Bitcoin set a new low at $39,893.62 — having swooned by more than 40% since its November peak.
Bitcoin has shed over 8% at its weakest levels this week, while smaller tokens like Ethereum, Solana, Avalanche and Terra have fallen even harder. All have clawed back within the last day.
Despite Wednesday's rebound, it's far too early to call a trend reversal in the sell-off given trading volume on major crypto exchanges, Yuya Hasegawa, an analyst with Tokyo-based crypto exchange Bitbank, told Yahoo Finance this week.
After clearing the hurdle of Fed Chair Jerome Powell's confirmation hearing for a second term, investors are nervously anticipating inflation data that will shape sentiment in the near term, with crypto continuing to tradealmost lock-step with technology stocks.
Bitcoin's price range for the rest of the week should range between $40,000 and $48,000, Hasegawa said — but admitted that "it certainly is not a time for optimism in the short run."
The start of a rate hike campaign, which threatens to withdraw the liquidity and tame the inflation that have been bullish for crypto, is curdling sentiment. According to the Chicago Mercantile Exchange (CME) data,72% of market participants expectthe Fed to raise interest rates by 25 to 50 basis points in March.
As bad as the current selloff is, Matt Hougan, CIO of crypto-asset manager Bitwise, still believes the current bear market won't last as long as previous downturns, based on strong user fundamentals digital coins have developed over the past year.
Outside of speculative activity, Hougan told Yahoo Finance that crypto adoption has never been higher. There's been a gold rush among both small and large digital coin investors: in particular,venture capital helped fuel a $33 billion boom in crypto startups last year.
That funding also explains why developer activity in the sector stands at its peak, according to areportlast week from Electric Capital. The space attracts more developers when crypto prices rally. Yet according to the report, the number of active developers stays flat historically when prices fall.
And the native tokens of Ethereum (ETH-USD), Polkadot (DOT1-USD), Solana (SOL1-USD) and Bitcoin make up the largest crypto developer ecosystems, with 65% of active developers having joined in 2021.
But a Bitwise survey conducted in December found that the percentage of financial advisors allocating accounts to crypto "is up more than 50% and is expected to continue to grow at that pace or faster over the next year," according to Hougan.
That might be "hard comfort" for investors staring down tighter Fed policy in the near-term, but could be a silver lining later on, he added. “It doesn’t mean there isn’t more potential downside right now, but it does mean this isn’t like past bear markets,” the investor said.
Where will cryptocurrencies settle before upward momentum returns?
Hougan said higher growth layer-1 smart contract tokens like Ether, Solana, Avalanche (AVAX-USD) and Terra (LUNA-USD) will “act like canaries in the coal mine as to whether and when the downtrend has been exhausted.”
David Hollerith covers cryptocurrency for Yahoo Finance. Follow him@dshollers.
Read the latest financial and business news from Yahoo Finance
Read the latest cryptocurrency and bitcoin news from Yahoo Finance
Follow Yahoo Finance onTwitter,Instagram,YouTube,Facebook,Flipboard, andLinkedIn...
- 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.
|
38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59
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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:**
["A woman lost almost her entire savings after getting scammed by a man she met on dating platform Hinge. Tho Vu, 33, thought she found romance on the platform when she was matched with a man who claimed to be a Chinese architect living in Maryland, reported the New York Times . For months, Vu regularly communicated with the man who went by Ze Zhao, a name that has not been verified. He gained her trust by being flirtatious, calling her his “little sweetheart” and promising to bring her to China to meet his family someday. Vu had reportedly already developed a crush on Ze when he pitched her an opportunity to make money by investing in cryptocurrency. Ze’s suggestion sounded appealing to Vu, who said she had been hearing about Bitcoin and the cryptocurrency industry around the time. The man convinced her that they could use the investment earnings for their honeymoon and to help them start a new life together. In a few weeks, she sent bitcoin worth $300,000 to a wallet address that the man told her was connected to the Hong Kong crypto exchange (OSL). Vu said she did not find anything suspicious, as she was able to check the balance of her bitcoin savings. The wallet turned out to be owned by Ze, who disappeared soon after. “I thought I knew him,” Vu was quoted as saying. “Everything was a lie.” Rates of romance scams, which involve faking romantic interest to siphon money from a victim, have grown significantly during the pandemic, based on reports received by the Federal Trade Commission . Around 56,000 cases of romance scams were reported to the agency last year, resulting in a staggering $139 million in victims’ losses. According to the Federal Bureau of Investigation’s Oregon office , over 1,800 people lost approximately $133 million to online dating scams in just the first seven months of 2021. The FBI urged the public to avoid sharing personal and financial information with anyone online and to use sound judgment when offered investment opportunities. Featured Image via Goran Horvat Story continues Enjoy this content? Read more from NextShark! Sharon Osbourne Called Julie Chen ‘Wonton’ and ‘Slanty Eyes’ on 'The Talk', Sources Claim International Student Stabbed in the Arm While Bystanders Ignored Him in Canada Community in Shock After Mother and Daughter Stabbed to Death in Rancho Cucamonga Nets’ Joe Tsai, Yahoo Founder Jerry Yang and More Launch $250 Million Initiative to Fight Hate", "A woman lost almost her entire savings after getting scammed by a man she met on dating platform Hinge. Tho Vu, 33, thought she found romance on the platform when she was matched with a man who claimed to be a Chinese architect living in Maryland, reported the New York Times . For months, Vu regularly communicated with the man who went by Ze Zhao, a name that has not been verified. He gained her trust by being flirtatious, calling her his “little sweetheart” and promising to bring her to China to meet his family someday. Vu had reportedly already developed a crush on Ze when he pitched her an opportunity to make money by investing in cryptocurrency. Ze’s suggestion sounded appealing to Vu, who said she had been hearing about Bitcoin and the cryptocurrency industry around the time. The man convinced her that they could use the investment earnings for their honeymoon and to help them start a new life together. In a few weeks, she sent bitcoin worth $300,000 to a wallet address that the man told her was connected to the Hong Kong crypto exchange (OSL). Vu said she did not find anything suspicious, as she was able to check the balance of her bitcoin savings. The wallet turned out to be owned by Ze, who disappeared soon after. “I thought I knew him,” Vu was quoted as saying. “Everything was a lie.” Rates of romance scams, which involve faking romantic interest to siphon money from a victim, have grown significantly during the pandemic, based on reports received by the Federal Trade Commission . Around 56,000 cases of romance scams were reported to the agency last year, resulting in a staggering $139 million in victims’ losses. According to the Federal Bureau of Investigation’s Oregon office , over 1,800 people lost approximately $133 million to online dating scams in just the first seven months of 2021. The FBI urged the public to avoid sharing personal and financial information with anyone online and to use sound judgment when offered investment opportunities. Featured Image via Goran Horvat Story continues Enjoy this content? Read more from NextShark! Sharon Osbourne Called Julie Chen ‘Wonton’ and ‘Slanty Eyes’ on 'The Talk', Sources Claim International Student Stabbed in the Arm While Bystanders Ignored Him in Canada Community in Shock After Mother and Daughter Stabbed to Death in Rancho Cucamonga Nets’ Joe Tsai, Yahoo Founder Jerry Yang and More Launch $250 Million Initiative to Fight Hate", '• $1bn LUNA token sale drives LUNA to a February high of $64.97.\n• The private token sale was reportedly the largest in crypto history.\n• Another breakout day ahead would bring $70 into play.\nIt was a choppy day for the crypto market on Wednesday. The broader crypto market is under pressure this week due to news updates on Russia and Ukraine.\nDespite the market angst that left the rest of the top 10 crypto majors in the red, Terra (LUNA) surged by 8.87% to end the day at $59.63. Late in the session, LUNA struck a February high of $64.97 before easing back to sub-$60 levels.\nOn Wednesday,newshit the wires of Luna Foundation Guard (LFG) raising $1bn in a private token sale. The $1bn LUNA token sale was reportedly the largest in history. Importantly the LFG created a Bitcoin (BTC) denominated reserve for Terra’s largest stablecoin, TerraUST (UST).\nThe $1bn BTC reserve will reportedly be locked up for 4-years and will ensure the 1:1 peg with the USD in the event of UST redemption.\nFor LUNA, the BTC reserve should deliver improved stability and drive demand for UST. Minting 1 UST burns $1 of LUNA. The reduced supply of LUNA then leads to a LUNA price increase should UST demand hold.\nAt the time of writing, LUNA was up by 0.49% to $59.9.\nLUNA will need to avoid the $59.8pivotto make a run on the First Major Resistance Level at $64.8 and Wednesday’s high $64.97. The broader crypto market would need to support a return to $64.\nAnother extended rally would bring the Second Major Resistance Level at $70.0 into play. The Third Major Resistance Level sits at $80.4.\nA fall through the pivot would bring the First Major Support Level at $54.5 into play. In the case of an extended sell-off, LUNA could test the Second Major Support Level at $49.5 before any recovery.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a less bearish signal. LUNA continues to hold above the 200-day EMA currently at $57.2. A bullish cross of the 50-day EMA through the 100-day EMA would bring $70 levels into play.\nA further narrowing of the 100-day EMA on the 200-day EMA would also support a run on $70.\nLUNA will need to avoid a fall through the 200-day EMA.\nThisarticlewas originally posted on FX Empire\n• NFT Marketplace Mintable Recovers Stolen OpenSea NFTs\n• Warner Music Group and Splinterlands Plan Play-to-Earn Games\n• Terra (LUNA) Visits $64 While the Broader Market Struggles\n• Who Will Be the Winners – and Losers – of a Digital Currency Revolution?\n• Silver Prices Rally as Biden Announces Sanctions on Russia\n• E-mini Dow Bears Eyeing 32699 – 32665', 'Key Insights: $1bn LUNA token sale drives LUNA to a February high of $64.97. The private token sale was reportedly the largest in crypto history. Another breakout day ahead would bring $70 into play. It was a choppy day for the crypto market on Wednesday. The broader crypto market is under pressure this week due to news updates on Russia and Ukraine. Despite the market angst that left the rest of the top 10 crypto majors in the red, Terra ( LUNA ) surged by 8.87% to end the day at $59.63. Late in the session, LUNA struck a February high of $64.97 before easing back to sub-$60 levels. Stablecoin News Drivers LUNA to $64 On Wednesday, news hit the wires of Luna Foundation Guard (LFG) raising $1bn in a private token sale. The $1bn LUNA token sale was reportedly the largest in history. Importantly the LFG created a Bitcoin ( BTC ) denominated reserve for Terra\x92s largest stablecoin, TerraUST ( UST ). The $1bn BTC reserve will reportedly be locked up for 4-years and will ensure the 1:1 peg with the USD in the event of UST redemption. For LUNA, the BTC reserve should deliver improved stability and drive demand for UST. Minting 1 UST burns $1 of LUNA. The reduced supply of LUNA then leads to a LUNA price increase should UST demand hold. LUNA Price Action At the time of writing, LUNA was up by 0.49% to $59.9. Technical Indicators LUNA will need to avoid the $59.8 pivot to make a run on the First Major Resistance Level at $64.8 and Wednesday\x92s high $64.97. The broader crypto market would need to support a return to $64. Another extended rally would bring the Second Major Resistance Level at $70.0 into play. The Third Major Resistance Level sits at $80.4. A fall through the pivot would bring the First Major Support Level at $54.5 into play. In the case of an extended sell-off, LUNA could test the Second Major Support Level at $49.5 before any recovery. Looking at the EMAs and the 4-hourly candlestick chart (above), it is a less bearish signal. LUNA continues to hold above the 200-day EMA currently at $57.2. A bullish cross of the 50-day EMA through the 100-day EMA would bring $70 levels into play. Story continues A further narrowing of the 100-day EMA on the 200-day EMA would also support a run on $70. LUNA will need to avoid a fall through the 200-day EMA. This article was originally posted on FX Empire More From FXEMPIRE: NFT Marketplace Mintable Recovers Stolen OpenSea NFTs Warner Music Group and Splinterlands Plan Play-to-Earn Games Terra (LUNA) Visits $64 While the Broader Market S
**Last 60 Days of Bitcoin's Closing Prices:**
[50809.52, 50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-24
**Financial & Commodity Data:**
- Gold Closing Price: $1925.10
- Crude Oil Closing Price: $92.81
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $666,325,944,331
- Hash Rate: 183513619.49715608
- Transaction Count: 254139.0
- Unique Addresses: 676575.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It’s more choppiness on Friday — can you expect anything else? — as traders look for some sort of traction on the long side but continue to find no meaningful path forward. The volatility index remains elevated and while Apple’s (NASDAQ: AAPL ) post-earnings pop is alleviating some pain in tech, we’re still waiting for a more powerful rally. Let’s look at a few top stock trades for next week. Top Stock Trades for Tomorrow No. 1: Bitcoin (BTC) Daily chart of Bitcoin Click to Enlarge Source: Chart courtesy of TradingView I could be totally wrong about Bitcoin (CCC: BTC-USD ), but to me it has all the hallmarks of starting to roll over again. We have a bear flag pattern, with Bitcoin rallying off the lows near $33,000 from earlier this week, but doing so slowly and with a tight range. Further, it’s rallying back into downtrend resistance with the 10-day moving average. InvestorPlace - Stock Market News, Stock Advice & Trading Tips I will be wrong if Bitcoin can push through its 10-day and take out this week’s high at $38,946. If it can do that, it puts the declining 21-day moving average and $40,000 level in play. 7 IT Stocks to Buy No Matter What Earnings Season Brings On the downside, keep an eye on the $33,000 zone if Bitcoin does roll over. A break of this area could put the $30,000 area on deck, which was strong support this summer. Top Stock Trades for Tomorrow No. 2: Visa (V) Top stock trades for V Click to Enlarge Source: Chart courtesy of TrendSpider Not many companies are having a very good reaction to earnings, but Visa (NYSE: V ) is bucking the trend. Shares are ripping higher and engulfing the past several weeks of price action. Amid the move, Visa stock is reclaiming a number of key areas (as you would expect). While it’s back above the weekly VWAP (volume-weighted average price) measure, it’s running right into the 50-week moving average, which it has struggled with several times. I’ll be watching this measure carefully in the coming days. If Visa can clear it, it puts the monthly high in play at $226.79. Assuming that move comes after Monday, we could be looking at a monthly-up rotation — which is undoubtedly rare in the current market environment. Story continues On the downside, a break of $211 isn’t good. It will mean that Visa lost too many important moving averages and volume measures. Top Stock Trades for Tomorrow No. 3: U.S. Steel (X) Top stock trades for X Click to Enlarge Source: Chart courtesy of TrendSpider U.S. Steel (NYSE: X ) did a great job finding its footing on the 21-month moving average on Monday and rallying off that mark. All week it held up, as it now tries to push back to the upside. On the upside, watch the $20.50 to $20.60 area and the declining 10-day moving average. This level was prior support but it failed earlier this year. If it’s resistance (along with the 10-day moving average) then bears will remain in control. Back above both measures and the bulls will have taken back some momentum, putting the monthly VWAP measure in play, followed by the $22.50 zone. On the downside, keep an eye on the 21-month moving average and this week’s low. Top Trades for Tomorrow No. 4: Robinhood (HOOD) Top stock trades for HOOD Click to Enlarge Source: Chart courtesy of TrendSpider Last but not least, we have Robinhood (NASDAQ: HOOD ). I’ve been asked about this one more than once in the last few days. Unfortunately, the chart is in pretty rough shape. Forget about from the highs or the initial public offering (IPO) price … Robinhood stock has disintegrated from the mid-December low near $20. This level went from support to resistance in a hurry and shares remain trapped in a brutal downtrend below all of their moving averages. I don’t know where fair value is, although at some point there should be some value here. Above Monday’s low at $11.15 is a positive, but back below this mark will put Friday’s low in play. Perhaps this is the reversal to get HOOD stock going, but bulls will have to be careful. Below $11.15 puts today’s low on deck. On the upside, $15 could be in play if Robinhood can clear the 10-day. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First... The post 4 Top Stock Trades for Monday: Bitcoin, V, X, HOOD appeared first on InvestorPlace ....
- Reddit Posts (Sample): [['u/MarcusRex73', 'Convoy Megathread #81: End of an Era', 779, '2022-02-24 00:56', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/', 'Good evening everyone,\n\nthe numbers clearly show that the traffic has dropped massively for these and, thus, the need as well. Thank you all for participating in these. Many people have asked to keep going with these and we will, in a different format. We will be creating some sort of "Community Chat" posts that will probably function very much like the megathreads. \n\nObviously, short term, the suject *du jour* will continue to be the convoy protest but, eventually, these posts will be there to discuss whatever other event is going on in the community. /u/FleurGold has volunteered to run these for us and she will be providing more information in the sticky below.\n\nI have also added links to find all the megathreads below. Also, here is a [compiled megalist of reasons why the protest wasn\'t peaceful](https://docs.google.com/document/u/0/d/13-Zg8yjEPYyybbLy70njbWxGeYELQ3Q3PT2Vph0XKQM/mobilebasic), as compiled by /u/macaronic-macaroni\n\nTomorrow evening, we will be doing the postmortem. Thanks!\n\n***\nBonsoir à tous et toutes,\n\nles chiffres montrent clairement que le trafic vers ces rubriques a baissé massivement et le besoin de les avoir aussi. Merci à tous et toutes d\'y avoir participé. Beaucoup de personnes nous ont demandé de les garder et c\'est ce que nous allons faire, quoique sous un autre format. Nous allons créer des rubriques de "discussions communautaires" qui fonctionneront de façon très similaire aux mégarubriques. \n\nC\'est clair, le *sujet du jour* au début sera les manifestations,mais, éventuellement, le sujet sera ce qui se passe dans la communauté à ce moment là. /u/FleurGold s\'est porté volontaire pour gérer ces rubriques et elle fournira de l\'information additionnelle ci-bas.\n\nJ\'ai aussi ajouté des liens vers tous les mégarubriques en bas. De plus, voici un lien vers [une megaliste de raisons pourquoi les manifestations n’étaient pas pacifiques](https://docs.google.com/document/u/0/d/13-Zg8yjEPYyybbLy70njbWxGeYELQ3Q3PT2Vph0XKQM/mobilebasic) tel que compilée par /u/macaronic-macaroni\n\nDemain soir, nous allons afficher le post-mortem. Merci!\n\n***\n#Note from /u/fleurgold \n\n#[super simple survey](https://forms.gle/5g7ZZmDKAyNpLiXV7)\n\nOver the course of the megathreads, we\'ve seen many similar suggestions regarding having a weekly or daily "general community chit chat/repeated questions" thread from users, and we have discussed it a bit.\n\nAs such, I\'ve put together a [super simple survey](https://forms.gle/5g7ZZmDKAyNpLiXV7) to start getting feedback/gauge user interest in this kind of idea. This survey is simple for a reason; it\'s just the starting point of gauging community interest and [to get a bit of discussion going](https://www.reddit.com/r/ottawa/comments/sxbeam/rottawa_convoy_postmortem_state_of_the_sub_tbd).\n\nThe survey will be closing at 2PM ET Thursday afternoon.\n\n***\nNote that I have added 5 new flairs in honor of our victory:\n\n* Clownvoy survivor 2022\n* Battle of Billings Bridge Warrior\n* No honks; bad!\n* Friend of Ottawa, Clownvoy 2022 (For Non-Ottawa supporters)\n* Make Ottawa Boring Again\n\nTo add a flair, look to the sidebar, on the right. Towards the top, there is a spot to add/edit your flair.\n\n***\n\n#Fundraising for thread #69\n\n#The charity drive post is [here](https://old.reddit.com/r/ottawa/comments/ss98nu/megathread_donation_drive/?)\n\n***\n\n#[Statistics are now in a separate post](https://old.reddit.com/r/ottawa/comments/srpi4l/megathread_statistics/?)\n\n***\n\nLinks to previous megathreads / lien vers les megarubriques précédentes:\n\n* [megathreads #1-29](https://old.reddit.com/r/ottawa/comments/shtyjb/convoy_megathread_30/)\n* [megathreads #30-39](https://old.reddit.com/r/ottawa/comments/slj1qo/convoy_megathread_40/)\n* [megathreads #40-49](https://old.reddit.com/r/ottawa/comments/spgqy7/convoy_megathread_50/)\n* [megathreads #50-60](https://old.reddit.com/r/ottawa/comments/steobm/convoy_megathread_60/)\n* [megathread #60-69](https://old.reddit.com/r/ottawa/comments/svsfkq/convoy_megathread_70/)\n* [megathread #70](https://old.reddit.com/r/ottawa/comments/svsfkq/convoy_megathread_70/)\n* [megathread #71](https://old.reddit.com/r/ottawa/comments/svxdq8/convoy_megathread_71/)\n* [megathread #72](https://old.reddit.com/r/ottawa/comments/sw9hmk/convoy_megathread_72/)\n* [megathread #73](https://old.reddit.com/r/ottawa/comments/sweoeu/convoy_megathread_73/)\n* [megathread #74](https://old.reddit.com/r/ottawa/comments/swixtl/convoy_megathread_74/)\n* [megathread #75](https://old.reddit.com/r/ottawa/comments/swnttz/convoy_megathread_75/)\n* [megathread #76](https://old.reddit.com/r/ottawa/comments/sx0o6s/convoy_megathread_76/)\n* [megathread #77](https://old.reddit.com/r/ottawa/comments/sxav29/convoy_megathread_77/)\n* [megathread #78](https://old.reddit.com/r/ottawa/comments/sxsgrt/convoy_megathread_78/)\n* [megathread #79](https://old.reddit.com/r/ottawa/comments/sybtcy/convoy_megathread_79/)\n* [megathread #80](https://old.reddit.com/r/ottawa/comments/sz4cek/convoy_megathread_80/)', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/', 'szvyl4', [['u/Ummwhatquestionmark', 19, '2022-02-24 00:57', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy656hq/', 'IM NOT READY FOR THIS', 'szvyl4'], ['u/Thekidislost', 13, '2022-02-24 00:57', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy6581j/', 'This can’t be the end! Spiciest month of news we have ever experienced!', 'szvyl4'], ['u/tribore_resistance', 12, '2022-02-24 00:57', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy658c2/', 'does this megathread qualify for the CPP?', 'szvyl4'], ['u/agentdanascullyfbi', 27, '2022-02-24 00:58', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy65eah/', 'Thank goodness, my last comment in that last megathread was "don\'t make me honk" and that\'s not how I wanted to end things.', 'szvyl4'], ['u/Adognamedcat_', 14, '2022-02-24 00:59', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy65h32/', 'Thank you, this helped keep my sanity throughout the past weeks.', 'szvyl4'], ['u/802dot11', 18, '2022-02-24 00:59', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy65iqg/', 'I enjoyed spending time with the people of Ottawa. Congratulations on getting your city back.', 'szvyl4'], ['u/RPL79', 11, '2022-02-24 00:59', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy65j89/', 'Thank you all for your contribution!!', 'szvyl4'], ['u/fleurgold', 14, '2022-02-24 01:01', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy65qdi/', ">don't make me honk\n\n👀", 'szvyl4'], ['u/FactCheckingThings', 13, '2022-02-24 01:02', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy65vz7/', 'I long for a time I dont see a red dot for new messages/comments and react with "oh crap another willfully ignorant persons word salad about tyranny incoming" \n\nIve posted in several "Trudeau ended EA" posts (Ottawa and News) so not today, but some day.', 'szvyl4'], ['u/HiltaGoatfounder', 27, '2022-02-24 01:02', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy65wvm/', 'Short term, the megathreads and the people in them were my lifeline through this. Longer term, you convinced me to join the subreddit, something I would not have done based on the amount of NIMBYism I encountered last time I looked -- admittedly some time ago.\n\nI really hope that the positive, supportive community created through this will continue, and influence the culture in both the subreddit and the city for a long time to come.\n\nAs my old man used to say, see you around the pool hall, guys!', 'szvyl4'], ['u/dkmegg22', 10, '2022-02-24 01:04', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy665s8/', 'I cant wait to go out this weekend.', 'szvyl4'], ['u/JobAdministrative98', 12, '2022-02-24 01:04', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy665zl/', 'Awwww 😭😭😭\n\nThank you to the mods and everyone who helped me get through the last 4 weeks', 'szvyl4'], ['u/Mauri416', 18, '2022-02-24 01:05', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy66bj3/', 'Can we wait until after Pat King loses his bail hearing Friday? Hehehe', 'szvyl4'], ['u/brnnnfx', 15, '2022-02-24 01:05', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy66d1t/', 'Megathreads may be ending, but the healing is just getting started.', 'szvyl4'], ['u/SheIsABadMamaJama', 15, '2022-02-24 01:05', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy66dpl/', 'I’m kinda sad. Thanks to the mods, and everyone who made this a great space to unpack every moment of this mess. 🥲', 'szvyl4'], ['u/blackwolfgoogol', 20, '2022-02-24 01:06', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy66fyu/', 'The threads die at around the life expectancy of canadians', 'szvyl4'], ['u/Elephanogram', 15, '2022-02-24 01:06', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy66gha/', 'The convoy is over, but there is still a lot do work to be done to root out the extremists. Especially now that the conservatives are endearing themselves to them.', 'szvyl4'], ['u/Sevandcats', 14, '2022-02-24 01:06', 'https://www.reddit.com/r/ottawa/comments/szvyl4/convoy_megathread_81_end_of_an_era/hy66ibd/', 'If you speak French, we made it to 80, so same thing, lol!', 'szvyl4'], [...
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.
|
39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98
|
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:**
['• Markets react favorably to harsh sanctions on Russia\n• Bitcoin (BTC) follows the NASDAQ into positive territory\n• Technical indicators still bearish despite Thursday’s gain\nVolatility spiked for a 3rdconsecutive day on Thursday. Market reaction to Russia invading Ukraine led Bitcoin (BTC) to a day low of $34,350. News of a string of sanctions on Russia delivered much-needed support, however.\nBitcoin struck a day high of $39,182 before easing back. Reversing a 2.61% loss from Wednesday, Bitcoin rose by 1.92% to end the day at $37,986.\nIt was a mixed session for the crypto top 10, however.\nLUNArallied by 10.38% to lead the way, withAVAX(+4.38%) andSOL(+5.61%) also finding strong support.\nWhileETH(+0.64%) also found support,BNB(-1.18%),ADA(-1.39%), andXRP(-0.14%) ended the day in the red.\nOn Thursday, the Bitcoin Fear & Greed index had fallen back to 23/100 before Bitcoin’s late Thursday bounce back. This morning, the index rose to 27/100 and out of the “Extreme Fear” zone.\nFor the Bitcoin bulls, the index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels.\nOn Thursday, Bitcoin tracked the NASDAQ 100 mini into the deep red and then into positive territory late in the session. News of Russia invading Ukraine sent the NASDAQ 100 mini into the deep red before the markets responded favorably to reports of fresh sanctions on Russia.\nMarket reaction to sanction news fueled a 3.35% rally for the NASDAQ 100, which had fallen by 2.57% on Thursday.\nAt the time of writing, the NASDAQ 100 Mini was down by 101 points.\nAt the time of writing, Bitcoin was up by 0.92% to $38,335.\nBitcoin will need to avoid the $37,173pivotto make a run on the First Major Resistance Level at $39,995. The NASDAQ 100 Mini would need to support a breakout from Thursday’s high $39,182.\nIn the event of an extended rally, the Second Major Resistance Level at $42,005 would come into play. The Third Major Resistance Level sits at $46,837.\nA fall through the pivot would bring the First Major Support Level at $35,163 into play. In the event of an extended sell-off, Bitcoin could test support at $33,000. The Second Major Support Level sits at $32,341.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a bearish signal. Bitcoin continues to sit below 50-day EMA. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place Bitcoin under more pressure.\nA Bitcoin move through the 50-day EMA at the $38,800 level would provide some support.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Trade through 4290.00 Shifts Momentum to Up\n• USD/CAD Tests Resistance At 1.2850\n• Terra (LUNA) Eyes $70 After Thursday’s Breakout\n• USD/CAD Breaks Out of Its Range as Russia Invades Ukraine\n• BitMex Co-Founders Plead Guilty to Breaking U.S Bank Secrecy Act\n• Former Diem Team Working on New Aptos Blockchain', '• Markets react favorably to harsh sanctions on Russia\n• Bitcoin (BTC) follows the NASDAQ into positive territory\n• Technical indicators still bearish despite Thursday’s gain\nVolatility spiked for a 3rdconsecutive day on Thursday. Market reaction to Russia invading Ukraine led Bitcoin (BTC) to a day low of $34,350. News of a string of sanctions on Russia delivered much-needed support, however.\nBitcoin struck a day high of $39,182 before easing back. Reversing a 2.61% loss from Wednesday, Bitcoin rose by 1.92% to end the day at $37,986.\nIt was a mixed session for the crypto top 10, however.\nLUNArallied by 10.38% to lead the way, withAVAX(+4.38%) andSOL(+5.61%) also finding strong support.\nWhileETH(+0.64%) also found support,BNB(-1.18%),ADA(-1.39%), andXRP(-0.14%) ended the day in the red.\nOn Thursday, the Bitcoin Fear & Greed index had fallen back to 23/100 before Bitcoin’s late Thursday bounce back. This morning, the index rose to 27/100 and out of the “Extreme Fear” zone.\nFor the Bitcoin bulls, the index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels.\nOn Thursday, Bitcoin tracked the NASDAQ 100 mini into the deep red and then into positive territory late in the session. News of Russia invading Ukraine sent the NASDAQ 100 mini into the deep red before the markets responded favorably to reports of fresh sanctions on Russia.\nMarket reaction to sanction news fueled a 3.35% rally for the NASDAQ 100, which had fallen by 2.57% on Thursday.\nAt the time of writing, the NASDAQ 100 Mini was down by 101 points.\nAt the time of writing, Bitcoin was up by 0.92% to $38,335.\nBitcoin will need to avoid the $37,173pivotto make a run on the First Major Resistance Level at $39,995. The NASDAQ 100 Mini would need to support a breakout from Thursday’s high $39,182.\nIn the event of an extended rally, the Second Major Resistance Level at $42,005 would come into play. The Third Major Resistance Level sits at $46,837.\nA fall through the pivot would bring the First Major Support Level at $35,163 into play. In the event of an extended sell-off, Bitcoin could test support at $33,000. The Second Major Support Level sits at $32,341.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a bearish signal. Bitcoin continues to sit below 50-day EMA. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place Bitcoin under more pressure.\nA Bitcoin move through the 50-day EMA at the $38,800 level would provide some support.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Trade through 4290.00 Shifts Momentum to Up\n• USD/CAD Tests Resistance At 1.2850\n• Terra (LUNA) Eyes $70 After Thursday’s Breakout\n• USD/CAD Breaks Out of Its Range as Russia Invades Ukraine\n• BitMex Co-Founders Plead Guilty to Breaking U.S Bank Secrecy Act\n• Former Diem Team Working on New Aptos Blockchain', 'Key Insights: Markets react favorably to harsh sanctions on Russia Bitcoin (BTC) follows the NASDAQ into positive territory Technical indicators still bearish despite Thursday\x92s gain Volatility spiked for a 3 rd consecutive day on Thursday. Market reaction to Russia invading Ukraine led Bitcoin ( BTC ) to a day low of $34,350. News of a string of sanctions on Russia delivered much-needed support, however. Bitcoin struck a day high of $39,182 before easing back. Reversing a 2.61% loss from Wednesday, Bitcoin rose by 1.92% to end the day at $37,986. It was a mixed session for the crypto top 10, however. LUNA rallied by 10.38% to lead the way, with AVAX (+4.38%) and SOL (+5.61%) also finding strong support. While ETH (+0.64%) also found support, BNB (-1.18%), ADA (-1.39%), and XRP (-0.14%) ended the day in the red. Bitcoin Fear & Greed Index Continues Upswing On Thursday, the Bitcoin Fear & Greed index had fallen back to 23/100 before Bitcoin\x92s late Thursday bounce back. This morning, the index rose to 27/100 and out of the \x93Extreme Fear\x94 zone. For the Bitcoin bulls, the index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels. NASDAQ 100 Mini and Bitcoin (BTC) Correlation Remains On Thursday, Bitcoin tracked the NASDAQ 100 mini into the deep red and then into positive territory late in the session. News of Russia invading Ukraine sent the NASDAQ 100 mini into the deep red before the markets responded favorably to reports of fresh sanctions on Russia. Market reaction to sanction news fueled a 3.35% rally for the NASDAQ 100, which had fallen by 2.57% on Thursday. At the time of writing, the NASDAQ 100 Mini was down by 101 points. Bitcoin Price Action At the time of writing, Bitcoin was up by 0.92% to $38,335. Technical Indicators Bitcoin will need to avoid the $37,173 pivot to make a run on the First Major Resistance Level at $39,995. The NASDAQ 100 Mini would need to support a breakout from Thursday\x92s high $39,182. Story continues In the event of an extended rally, the Second Major Resistance Level at $42,005 would come into play. The Third Major Resistance Level sits at $46,837. A fall through the pivot would bring the First Major Support Level at $35,163 into play. In the event of an extended sell-off, Bitcoin could test support at $33,000. The Second Major Support Level sits at $32,341. Looking at the EMAs and the 4-hourly candlestick chart (above), it is a bearish signal. Bitcoin continues to sit below 50-day EMA. A further pullback of the 50-day EMA from the 100-day and 200-day EMAs would place Bitcoin under more pressure. A Bitcoin move through the 50-day EMA at the $38,800 level would provide some support. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Trade through 4290.00 Shifts Momentum to Up USD/CAD Tests Resistance At 1.2850 Terra (LUNA) Eyes $70 After Thursday\x92s Breakout USD/CAD Breaks Out of Its Range as Russia Invades Ukraine BitMex Co-Founders Plead Guilty to Breaking U.S Bank Secrecy Act Former Diem Team Working on New Aptos Blockchain', 'CARLSBAD, CA / ACCESSWIRE / February 24, 2022 /If you have only seen the headlines, you probably assume that Blockchain\'s hit singles "Bitcoin" and "Bored Ape" are the extent of its discography. And hey, we get it - FinTech is all the rage these days. Thankfully, however, much like Surf Rock in the 60s, Blockchain has much more to offer the world than daydreams of a blue ocean. Let\'s take a quick dive into the deep cuts and find out why Blockchain\'s most recent development in Information and Communication Technology (ICT) realizes its full potential.\nIn early 2020, a company namedTotal Network Services (TNS)approached theTelecommunications Industry Association (TIA)with a concept called theEnhanced Mobile Equipment Identifier (E-MEID). The "E-MEID" was based on the TIA\'s own "MEID," an industry standard and globally unique identification system used by millions of
**Last 60 Days of Bitcoin's Closing Prices:**
[50640.42, 47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-25
**Financial & Commodity Data:**
- Gold Closing Price: $1886.50
- Crude Oil Closing Price: $91.59
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $736,985,189,359
- Hash Rate: 186294128.8834766
- Transaction Count: 260340.0
- Unique Addresses: 687447.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.27
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cash dividends are so last year.
A blockchain infrastructure company will break new ground in March when it issues its firstBitcoindividend to shareholders. BTCS Inc. announced Wednesday that it would become the first Nasdaq-listed company to distribute a dividend payable in the world’s largest cryptocurrency.
Stockholders of record — those who hold their BTCS stock with the company’s transfer agent — will receive a “Bividend” worth $0.05 in Bitcoin for every share of company stock they own. Investors who do not elect to receive a Bividend will receive a cash dividend of equal value, the company said.
Cryptocurrencies like Bitcoin can be highly volatile. A financial advisor can help build a portfolio tailored to your risk tolerance.Find a trusted advisor.
“We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets,” Charles Allen, chief executive officer of BTCS, said in a press release.
“In the crypto space BTCS has a long history of firsts, including being the first pure-play U.S. public company focused on cryptocurrencies and blockchains, the first U.S. public company to mine Bitcoin,” he continued. “Now, we are the first Nasdaq-listed company to pay a Bividend, a dividend payable in Bitcoin at the option of our shareholders.”
What Is a Dividend?
Dividendsare a type of compensation that companies or funds periodically pay to shareholders. Rather than reinvest profits back into their business, some companies pass a portion of these profits on to their shareholders in the form of dividends.
Dividends are typically paid in cash or additional stock. A company’s board of directors determines the size of dividends and when they should be paid to investors. These payments are usually distributed on amonthly, quarterly or yearly basis, although some companies may additionally issue one-time payments known as special dividends.
It’s important to remember that an investor who only recently purchased a dividend-paying stock may not automatically qualify for the company’s next payout. Eligibility is determined by the stock’sex-dividend date, the day on which eligibility for the next dividend expires. Those who buy stock after that date won’t receive the next dividend.
How the BTCS Bividend Works
BTCS will pay out its Bividend on March 17. While there is no minimum number of BTCS shares needed to qualify for the Bividend, shareholders will need aBitcoin walletto receive their payment.
However, not all BTCS shareholders will be eligible for the dividend. Only those who hold their stock with Equity Stock Transfer, the company’stransfer agent, will receive the Bividend. Investors who hold their shares with abrokerage firmare considered “beneficial owners,” not shareholders of record, and will need to move their shares to Equity Stock Transfer.
Shareholders of record are also required to opt into the payment by the ex-dividend date of March 16. To do so, shareholders must fill out paperwork accessible onbividend.com. Those who do not opt in will receive a cash dividend instead of Bitcoin.
An eligible investor with 1,000 shares of BTCS stock would receive $50 in Bitcoin through the dividend. With the cryptocurrency trading at approximately $43,300 on Thursday, that would equate to just 0.0012% of a Bitcoin.
The company did not indicate whether future Bividend payments will be paid or whether this is truly a one-time offering. “BTCS is very much in the growth phase. That said, the Company is evaluating the appropriateness of future Bividends,” the company said in the press release.
Bottom Line
BTCS, a blockchain technology company, announced this week it would offer a Bitcoin dividend in March, marking the first time a Nasdaq-listed firm will do so. The dividend, which the company refers to as its “Bividend,” will be distributed to shareholders of record – those who hold their stock with the company’s transfer agent. Eligible shareholders will receive $0.05 in Bitcoin for every share of BTCS stock they own.
Investing Tips
• Whether it’s cryptocurrency, mutual funds or stocks, a financial advisor can help you select investments that align with your goals. Finding a qualified financial advisor doesn’t have to be hard.SmartAsset’s free toolmatches you with up to three financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals,get started now.
• Understanding your own risk tolerance is an important component of investing.SmartAsset’s Asset Allocation Calculatorsuggests how to spread your money across stocks, bonds and cash according to your tolerance for risk.
Photo credit: ©iStock.com/ThaiMyNguyen, ©iStock.com/scyther5, ©iStock.com/undrey
The postWant Your Dividend in Bitcoin? There’s a Stock for Thatappeared first onSmartAsset Blog....
- Reddit Posts (Sample): [['u/hondmunt', 'Icy white worth it?', 33, '2022-02-25 00:48', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/', 'Got Jade Green since some days. \n\nI hear more and more people say btc might tank towards 20-25k.\n\nIf that happens CRO will sink too. \n\nAnd if that happens I might upgrade to Icy White. \n\nBut it is worth it? What are your Icy White/Rose Gold experiences?', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/', 't0p1vk', [['u/730avs', 24, '2022-02-25 00:52', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/hyb9c8o/', 'Wow it is a big leap. I am not brave enough', 't0p1vk'], ['u/OurManInHavana', 21, '2022-02-25 00:57', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/hyba3uv/', "If you can take advantage of the extra 2% CRO rewards in Earn, then get Icy. Like if you have a ton of stablecoins in Earn already. That's the biggest benefit of the upgrade: it will make you more than the extra cashback / staking-interest / service-rebates etc.", 't0p1vk'], ['u/angel22tg', 41, '2022-02-25 01:03', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/hybaz86/', 'but fortune favors the *brave?*', 't0p1vk'], ['u/Thunder_Wasp', 11, '2022-02-25 01:21', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/hybdfqh/', 'I jumped into Icy. The passive income of ~$100/week in CRO, and the 2% bonus CRO on all Earn fixed terms is fantastic. The Amazon Prime rebate, 10% back on Expedia and the free airport lounge guest are the cherries on top. The only downside is it takes 2+ months to get a card shipped right now.', 't0p1vk'], ['u/Real_2020', 25, '2022-02-25 01:54', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/hybi0i6/', 'There is your answer', 't0p1vk'], ['u/toasterstrudel2', 10, '2022-02-25 13:35', 'https://www.reddit.com/r/Crypto_com/comments/t0p1vk/icy_white_worth_it/hydg29q/', 'This has got to be one of the most ignorant things I\'ve read.\n\n1. Canadian government won\'t intervene in anything unless you are specifically funding *illegal activity*. Acting like they would do anything otherwise is ridiculous.\n\n2. DeFi exchanges are growing, yes. But there\'s always a need to onboard from fiat which means there\'s always a centralized component.\n\n3. What on earth is "sketchy behaviour" about rebranding the coin? This is weird FUD. Crypto.Com even has authentication requirements that will insure your funds up to $250k USD.', 't0p1vk']]], ['u/Mettfisto', 'Support for anarchists in ukraine', 10, '2022-02-25 00:49', 'https://www.reddit.com/r/Anarchism/comments/t0p2ti/support_for_anarchists_in_ukraine/', 'Its the black cross from germany dresden you can donate via sepa or paypal or bitcoin\n\nIts at the end of the post.\n\nhttps://abcdd.org/2022/02/24/unterstutzt-die-anarchistische-community-in-der-ukraine-wahrend-dem-krieg/\n\n(Sry for the post beeing in german)\n\nDirect paypal link: https://www.paypal.com/donate/?hosted_button_id=Q2K9RMBVVJMN4\n\nOther payments direct link:\nhttps://abcdd.org/spende/\n\nIf you want donate use "UKRAINE" as a note.', 'https://www.reddit.com/r/Anarchism/comments/t0p2ti/support_for_anarchists_in_ukraine/', 't0p2ti', [['u/echtemendel', 11, '2022-02-25 02:13', 'https://www.reddit.com/r/Anarchism/comments/t0p2ti/support_for_anarchists_in_ukraine/hybkjcr/', 'Sure, in the same sense that Hitler took care of Jewish banking elite.\n\nFuck off', 't0p2ti']]], ['u/Cold_Ad_5909', 'Why are so few people talking about the fact that btc actually increased today and didn’t disappear off a cliff like many have stated? I think it even outpaced gold?', 154, '2022-02-25 01:28', 'https://www.reddit.com/r/Bitcoin/comments/t0px61/why_are_so_few_people_talking_about_the_fact_that/', 'Any ideas? Do you think the recovery will continue?', 'https://www.reddit.com/r/Bitcoin/comments/t0px61/why_are_so_few_people_talking_about_the_fact_that/', 't0px61', [['u/clevariant', 11, '2022-02-25 02:17', 'https://www.reddit.com/r/Bitcoin/comments/t0px61/why_are_so_few_people_talking_about_the_fact_that/hybl31z/', 'I think it just followed the tech stocks back up. Mine went up 5/6 percent, which is better than bitcoin did.', 't0px61'], ['u/Hefty_Jicama', 44, '2022-02-25 02:29', 'https://www.reddit.com/r/Bitcoin/comments/t0px61/why_are_so_few_people_talking_about_the_fact_that/hybmqf1/', 'The media is more inclined to report negative news in regards to bitcoin.', 't0px61'], ['u/jomama823', 18, '2022-02-25 06:23', 'https://www.reddit.com/r/Bitcoin/comments/t0px61/why_are_so_few_people_talking_about_the_fact_that/hycg30y/', 'Leave op alone, he can’t read', 't0px61']]], ['u/huge_dingus', 'We could be on the verge of a big shift. Now might be the final chance to front-run nation states.', 116, '2022-02-25 01:41', 'https://www.reddit.com/r/Bitcoin/comments/t0q6yv/we_could_be_on_the_verge_of_a_big_shift_now_might/', "Ukraine's military is receiving Bitcoin donations. This is going to go down in history as the beginning of decentralized, crowdfunded nation state warfare.\n\nLast week Canada displayed Bitcoin's use-case for individuals. This week, financial sanctions against Russia and crowdfunded military funding will display Bitcoin's use-case for nation states.\n\nCrowd funded physical warfare & sanctions avoidance will not be positive PR for Bitcoin. Expect more FUD from media outlets condemning cryptocurrencies. \n\nWhether justified or not, we're seeing the acceleration of legacy financial access cutoffs for individuals, corporations and nations. Everyone's acknowledging Bitcoin as a solution. The cat's out of the bag. The IMF & WEF are fighting a losing battle. Even the anti-Bitcoin crowd sees what's happening and is acknowledging it. Regardless of the amount of negative PR to come, Bitcoin will keep doing what it does.\n\nRussia might be the turning point where nations need to FOMO into BTC if they want to have any wealth 10 years from now. Authoritarian countries like China will be asking themselves whether it was a good idea to force Bitcoin miners, companies and holders out of their country. If fiat currencies keep slipping the last thing you want is for the real money to flee your country and circulate amongst your enemies.\n\nThe best strategy for a nation could be to amass as much Bitcoin as possible now and default on their foreign debts later. That's when central banks and fiat currencies die.\n\nIt's going to be a very volatile market and a geopolitically volatile world for a while if things play out this way. This isn't the way I want to see BTC reach mass adoption, but it's a possible we're on the verge of a big shift. Regardless of how media might portray this, Russia/China/Iran/North Korea/etc. all buying bitcoin in an attempt to get ahead is a better outcome than launching nukes. And getting rid of central banks is the light at the end of the tunnel.", 'https://www.reddit.com/r/Bitcoin/comments/t0q6yv/we_could_be_on_the_verge_of_a_big_shift_now_might/', 't0q6yv', [['u/EnergySilly3061', 44, '2022-02-25 02:00', 'https://www.reddit.com/r/Bitcoin/comments/t0q6yv/we_could_be_on_the_verge_of_a_big_shift_now_might/hybitda/', 'If you haven’t been continuously buying and withdrawing to your hardware wallets I don’t know what to say, do it.', 't0q6yv'], ['u/whitslack', 14, '2022-02-25 05:07', 'https://www.reddit.com/r/Bitcoin/comments/t0q6yv/we_could_be_on_the_verge_of_a_big_shift_now_might/hyc7e58/', '>Authoritarian countries like China will be asking themselves whether it was a good idea to force Bitcoin miners, companies and holders out of their country.\n\nMy understanding is that China has been stockpiling physical gold like mad ever since the world financial meltdown. I\'d guess their long-term plan for being able to survive in the post-fiat world is to back their "external" currency in gold and to force their citizenry internally to use their CBDC, which will be backed only by violence.', 't0q6yv']]], ['u/rockinoutwith2', 'Block (Square) Stock Jumps +18% AH After Earnings Top Estimates Amid Afterpay Acquisition', 129, '2022-02-25 01:51', 'https://www.reddit.com/r/stocks/comments/t0qem3/block_square_stock_jumps_18_ah_after_earnings_top/', 'Square-parent Block (SQ) reported December-quarter earnings, net revenue and gross payment volume that topped analyst estimates, despite growth slowing for consumer Cash App services. SQ stock jumped in extended trading amid updated guidance amid the acquisition of Afterpay.\n\nSan Francisco-based Block reported fourth-quarter earnings late Thursday. SQ stock initially fell on the earnings release. But after the earnings call with Wall Street analysts, Square stock jumped 21% to near 155 in extended trading on the stock market today.\n\nSquare earnings came in at 27 cents per adjusted share, down 15% from 32 cents in the year-earlier period. Analysts had projected earnings of 23 cents a share.\n\nGross profit increased 47% to $1.18 billion vs. estimates of $1.16 billion, the company said.\n\nSquare said net revenue jumped 62% to $4.42 billion, boosted by Cash App transactions for digital cryptocurrency Bitcoin. Analysts had predicted revenue of $4.04 billion.\n\nGross payment volume from merchant customers rose 92% to $46.3 billion, in line with estimates. But gross payment volume growth is expected to slow in the March quarter.\n\nSquare said earnings before interest, taxes, depreciation and amortization, known as EBITDA, came in at $184 million vs. estimates of $143 million.\n\nSquare on Jan. 31 closed the acquisition of Australia-based consumer lending startup Afterpay. Announced on Aug. 1, the deal was originally valued at $29 billion. With the big drop in Block stock, the deal was valued at less than $15 billion at closing.\n\nAfterpay competes in the emerging "buy now, pay later" market that encroaches on credit card networks.\n\nhttps://www.investors.com/news/technology/sq-stock-square-earnings-news/',...
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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39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04
|
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:**
["Just last month, Italian automaker Lamborghini took its first steps into the NFT marketplace with a series that included five digital artworks. A new batch of non-fungible tokens linked to the marque heads to auction this week, and they come with an explosive backstory. On February 25th, you’ll be able bid on 888 fragments of a detonated Lamborghini Huracan. The explosion was filmed by a conceptual artist known as Shl0ms as an independent work of art dubbed $CAR. Its sale, and demise, is not affiliated with or endorsed by Lamborghini or others in the Volkswagen Group—as you can imagine. The charred remains of the 2015 chrome-and-black hypercar will go live on the artist’s website as NFTs for 24 hours and must be bought with wETH (wrapped ETH) that allows you to trade directly with Altcoins (a Bitcoin alternative). More from Robb Report First Look: Polestar's all-Electric O2 Concept Comes with a Built-in Drone--Because It Can Thieves Steal More Than $500,000 of Props and Equipment From the Sets of 'Lupin' and 'The Crown' Tecnomar's Sculptural New 130-Foot Superyacht Is Like a Floating Supercar Packed with explosives, the vehicle is seen blasting off to the high heavens in a slow-motion video across Shl0ms’ socials. According to Fortune , the process took a team of 100 people to carry out. Working together, the group transported the car to an empty desert, rigged the heat and set-up the cameras on-site. In total, 999 pieces were collected but 111 of those are reserved for “redacted” and the team, Shl0ms shared on Twitter . Each of the parts in the project comes with a video that shows a rotating view of it; those clips have been converted into NFTs with individualized codes. 𒄭/𒐤 𝚒𝚗𝚝𝚛𝚘𝚍𝚞𝚌𝚒𝚗𝚐 $CAR : 𝟿𝟿𝟿 𝚎𝚡𝚚𝚞𝚒𝚜𝚒𝚝𝚎𝚕𝚢 𝚏𝚒𝚕𝚖𝚎𝚍 𝚏𝚛𝚊𝚐𝚖𝚎𝚗𝚝𝚜 𝚘𝚏 𝚊 𝚍𝚎𝚝𝚘𝚗𝚊𝚝𝚎𝚍 𝙻𝚊𝚖𝚋𝚘𝚛𝚐𝚑𝚒𝚗𝚒 𝙷𝚞𝚛𝚊𝚌𝚊𝚗 𝚏𝚞𝚕𝚕 𝚎𝚡𝚙𝚕𝚘𝚜𝚒𝚘𝚗 𝚏𝚘𝚘𝚝𝚊𝚐𝚎 + 𝚊𝚞𝚌𝚝𝚒𝚘𝚗 𝚍𝚛𝚘𝚙 𝟶𝟸.𝟸𝟻.𝟸𝟸 ➞ https://t.co/AV6YAO4wlP ͏ pic.twitter.com/wRIFP2M4kp — 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 (@SHL0MS) February 17, 2022 The goal of the fire show, and all after, is to protest the “greed” surrounding cryptocurrency and NFTs, Fortune relays. Elsewhere, on Motor1 , the exercise is referenced as a way to prove the parts are worth more than the entire vehicle. Auto fans are aware that parts like pistons, bearings, suspension arms and more can cost a pretty penny. But as you also know by now, in the metaverse, items often rake in excessively more dough than they do in physical form. Story continues So is this a distasteful, not to mention wasteful, stunt, or a lucrative art project cum pot of gold? A Lamborghini Huracan in good condition could cost up to around $300,000. If the sales top that figure, what’s next? Will they donate the funds to a deserving charity or spin them into another attention-begging stunt? Guess we’ll find out. Visit Shl0ms’ website for more details on auction taking place February 25. Best of Robb Report The Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World’s Best Superyacht Shipyards The ABCs of Chartering a Yacht Sign up for Robb Report's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . Click here to read the full article.", "Just last month, Italian automaker Lamborghini took its first steps into the NFT marketplace with a series that included five digital artworks. A new batch of non-fungible tokens linked to the marque heads to auction this week, and they come with an explosive backstory. On February 25th, you’ll be able bid on 888 fragments of a detonated Lamborghini Huracan. The explosion was filmed by a conceptual artist known as Shl0ms as an independent work of art dubbed $CAR. Its sale, and demise, is not affiliated with or endorsed by Lamborghini or others in the Volkswagen Group—as you can imagine. The charred remains of the 2015 chrome-and-black hypercar will go live on the artist’s website as NFTs for 24 hours and must be bought with wETH (wrapped ETH) that allows you to trade directly with Altcoins (a Bitcoin alternative). More from Robb Report First Look: Polestar's all-Electric O2 Concept Comes with a Built-in Drone--Because It Can Thieves Steal More Than $500,000 of Props and Equipment From the Sets of 'Lupin' and 'The Crown' Tecnomar's Sculptural New 130-Foot Superyacht Is Like a Floating Supercar Packed with explosives, the vehicle is seen blasting off to the high heavens in a slow-motion video across Shl0ms’ socials. According to Fortune , the process took a team of 100 people to carry out. Working together, the group transported the car to an empty desert, rigged the heat and set-up the cameras on-site. In total, 999 pieces were collected but 111 of those are reserved for “redacted” and the team, Shl0ms shared on Twitter . Each of the parts in the project comes with a video that shows a rotating view of it; those clips have been converted into NFTs with individualized codes. 𒄭/𒐤 𝚒𝚗𝚝𝚛𝚘𝚍𝚞𝚌𝚒𝚗𝚐 $CAR : 𝟿𝟿𝟿 𝚎𝚡𝚚𝚞𝚒𝚜𝚒𝚝𝚎𝚕𝚢 𝚏𝚒𝚕𝚖𝚎𝚍 𝚏𝚛𝚊𝚐𝚖𝚎𝚗𝚝𝚜 𝚘𝚏 𝚊 𝚍𝚎𝚝𝚘𝚗𝚊𝚝𝚎𝚍 𝙻𝚊𝚖𝚋𝚘𝚛𝚐𝚑𝚒𝚗𝚒 𝙷𝚞𝚛𝚊𝚌𝚊𝚗 𝚏𝚞𝚕𝚕 𝚎𝚡𝚙𝚕𝚘𝚜𝚒𝚘𝚗 𝚏𝚘𝚘𝚝𝚊𝚐𝚎 + 𝚊𝚞𝚌𝚝𝚒𝚘𝚗 𝚍𝚛𝚘𝚙 𝟶𝟸.𝟸𝟻.𝟸𝟸 ➞ https://t.co/AV6YAO4wlP ͏ pic.twitter.com/wRIFP2M4kp — 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 𒐪𒐪𒐪 (@SHL0MS) February 17, 2022 The goal of the fire show, and all after, is to protest the “greed” surrounding cryptocurrency and NFTs, Fortune relays. Elsewhere, on Motor1 , the exercise is referenced as a way to prove the parts are worth more than the entire vehicle. Auto fans are aware that parts like pistons, bearings, suspension arms and more can cost a pretty penny. But as you also know by now, in the metaverse, items often rake in excessively more dough than they do in physical form. Story continues So is this a distasteful, not to mention wasteful, stunt, or a lucrative art project cum pot of gold? A Lamborghini Huracan in good condition could cost up to around $300,000. If the sales top that figure, what’s next? Will they donate the funds to a deserving charity or spin them into another attention-begging stunt? Guess we’ll find out. Visit Shl0ms’ website for more details on auction taking place February 25. Best of Robb Report The Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World’s Best Superyacht Shipyards The ABCs of Chartering a Yacht Sign up for Robb Report's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . Click here to read the full article.", '• Markets bets of a FED pause on rate hikes supported riskier assets\n• Bitcoin (BTC) continued to track the NASDAQ that ended positive territory\n• Technical indicators are still bearish despite Friday’s gain\nAfter a choppy few days, volatility moderated on Friday. Recovering from an early day low of $38,044, Bitcoin (BTC) struck a day high of $39,710 before easing back. Following a 1.92% gain on Thursday, Bitcoin rose by 2.31% to end the day at $39,240.\nIt was also a bullish session for the rest of the crypto top 10.\nLUNAjumped by 12.04% to lead the way, withXRP(-0.14%) rallying by 10.62%.\nADA(+5.27%),AVAX(+5.46%), andETH(+6.63%) also found strong support, whileBNB(+3.79%) andSOL(+3.84%) trailed.\nOn Friday, the Bitcoin Fear & Greed index increased to 27/100 to move out of the “Extreme Fear” zone. Despite Bitcoin’s Friday gain, the index slipped back to 26/100. While down on the day, the index remained within the “Fear” zone.\nFor the Bitcoin bulls, the index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels.\nOn Friday, Bitcoin tracked the NASDAQ 100 mini throughout the day. While news updates on Russia and Ukraine remained negative, bets of a FED pause on rate hikes supported the NASDAQ 100.\nFollowing a 3.35% rally on Thursday, the NASDAQ 100 ended Friday up by 1.64%.\nAt the time of writing, Bitcoin was up by 1.42% to $39,796.\nBitcoin will need to avoid the $38,998pivotto make a run on the First Major Resistance Level at $39,952. The broader market would need to support a breakout from Friday’s high of $39,710.\nIn the event of an extended rally, the Second Major Resistance Level at $40,664 and $41,000 levels would come into play. The Third Major Resistance Level sits at $42,330.\nA fall through the pivot would bring the First Major Support Level at $38,286 into play. In the event of an extended sell-off, Bitcoin could test the Second Major Support Level at $37,332.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a less bearish signal. Bitcoin continues to hold above 50-day EMA. A further narrowing of the 50-day EMA on the 100-day and 200-day EMAs would bring $40,000 back into play.\nAvoiding a fall through the 50-day EMA at the $38,900 level would provide some support.\nThisarticlewas originally posted on FX Empire\n• The Weekly Wrap – Russia Invasion Overshadows Economic Data\n• Crude Oil Markets Break Down a Bit Heading Into the Weekend\n• S&P 500 Has Wild Recovery During the Week\n• Silver Markets for Massive Shooting Star\n• USD/CAD Retreats After Recent Rally\n• Bitcoin (BTC) Finds NASDAQ Support to Near $40,000', 'Key Insights: Markets bets of a FED pause on rate hikes supported riskier assets Bitcoin (BTC) continued to track the NASDAQ that ended positive territory Technical indicators are still bearish despite Friday\x92s gain After a choppy few days, volatility moderated on Friday. Recovering from an early day low of $38,044, Bitcoin ( BTC ) struck a day high of $39,710 before easing back. Following a 1.92% gain on Thursday, Bitcoin rose by 2.31% to end the day at $39,240. It was also a bullish session for the rest of the crypto top 10. LUNA jumped by 12.04% to lead the way, with XRP (-0.14%) rallying by 10.62%. ADA (+5.27%), AVAX (+5.46%), and ETH (+6.63%) also found strong support, while BNB (+3.79%) and SOL (+3.84%) trailed. Bitcoin Fear & Greed Index Continues Upswing On Friday, the Bitcoin Fear & Greed index increased to 27/100 to move out of the \x93Extreme Fear\x94 zone. Despite Bitcoin\x92s Friday gain, the index slipped back to 26/100. While down o
**Last 60 Days of Bitcoin's Closing Prices:**
[47588.86, 46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-26
**Financial & Commodity Data:**
- Gold Closing Price: $1886.50
- Crude Oil Closing Price: $91.59
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $750,979,656,506
- Hash Rate: 173781836.64503416
- Transaction Count: 220423.0
- Unique Addresses: 582374.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investment companyGuidance Point Advisors, LLC(Current Portfolio) buys BTC iShares Floating Rate Bond ETF, iShares 0-5 Year TIPS Bond ETF, iShares 1-3 Year Credit Bond ETF, iShares 0-5 Year High Yield Corporate Bond ETF, iShares iBonds Dec 2023 Term Muni Bond ETF, sells iShares iBonds Dec 2021 Term Corporate ETF, Vanguard Total International Bond ETF, iShares iBonds Dec 2021 Term Muni Bond ETF, iShares MSCI Emerging Markets Asia Index Fund, iShares MSCI Emerging Markets ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Guidance Point Advisors, LLC. As of 2021Q4, Guidance Point Advisors, LLC owns 89 stocks with a total value of $276 million. These are the details of the buys and sells.
• Added Positions:FLOT, STIP, IEFA, LQD, IEMG, TIP, SHYG, IGSB, IBDO, IBML, IJR, IJH, HYG, SUB, IVE, IBMM, VMBS, PFF, IXUS, SCZ, DGRO, VGIT, NLY, IYH, MDY, PGX, VSS, QQQ, IGM, ACWX, MFA, BXMT,
• Reduced Positions:BNDX, SPY, EEMA, IUSV, EFA, DVY, IJK, ISTB, IWO, GD, VPU, IBDN, IJJ, IWN, VYM, VNQ, DIS, PG,
• Sold Out:IBDM, IBMJ, EEM, SQ, MBB, IRM, IYE, NEAR, VGK, ED, INTC, VZ, V, MGP, DFE, MUB, VIG, ALL, KMB, ORLY, RY, AMJ, CMF, ESGV, FXI, IAU, IBHA, MO, AZN, BMY, CVS, KMX, XOM, SO, BIZD, GLD, IBB, ICF, ICVT, SCHA, SCHX, VGT, VHT, VOO, VTI, T, CVX, C, CMCSA, COST, FISV, GS, KR, MS, PEP, TSM, NMT, DFS, FOXF, BABA, BILL, ACWI, DIA, FBT, IDEV, IWR, SCHF, SCHG, VCSH, VSGX, VTIP, AAON, ATVI, AXP, AZPN, ADP, CBRE, DHR, DE, DD, FDS, GE, GIS, HON, LH, MCD, MORN, NKE, NVO, ORCL, BKNG, SWKS, TGT, TMO, VRTX, WMT, WDC, HEI.A, NMZ, IBKR, AWK, ST, SPSC, ATHM, GOOG, PYPL, OLLI, BL, TRTX, AVLR, MRNA, DOW, CTVA, NCNO, DCT, MSP, RYAN, BKLN, BLOK, DBC, EFV, EWC, FEZ, HDV, HEFA, ICSH, IEF, IEI, ILF, IXC, IYF, IYW, SCHC, SCHE, SCHV, SHY, SJNK, SPLV, VBK, VRP, VTV, VWO, XLB, XLU, CB, ALE, ASML, ALGN, AIG, AMGN, AMAT, ARW, AN, BNS, BIO, BIIB, CBRL, GIB, CHRW, CRH, CDNS, CALM, CAC, COF, CRI, CAT, CNC, LUMN, CHE, CSCO, TPR, CMA, CNX, CLB, CCK, DVN, DEO, DOV, ESGR, EEFT, EXPE, EXR, NEE, FNF, FE, FLEX, GNTX, GILD, GPN, HDB, HSY, HFC, HEP, HUM, MTCH, IPG, SJM, J, MDLZ, LNC, LYV, LOGI, LOW, MTB, MGA, MKL, MKTX, MCK, MLAB, MHK, MPWR, VTRS, NCR, NRG, NVEC, NVDA, NTES, NTAP, NSC, NVS, ODFL, OFLX, ASGN, OTEX, PHG, BPOP, LIN, PSMT, QCOM, RDN, RJF, REGN, RS, RBA, SSB, SLM, CRM, SNY, SLB, SCI, SIRI, SONY, SBUX, SF, SNPS, TJX, TREX, TRN, USPH, UGI, UNP, UNH, WPP, WM, WST, WHR, SPB, ZBH, EBAY, PAC, JHI, JHS, POR, QRTEA, MA, WU, OC, LULU, MSCI, PM, CHTR, FAF, TSLA, KKR, NXPI, LPLA, FLT, AL, CHEF, XYL, APTV, TRIP, SPLK, CG, FB, NOW, ABBV, ICLR, IQV, NRC, CDW, NWS, NWSA, CRTO, HLT, AAL, ZEN, JD, SYF, CFG, AVNS, AXTA, LBRDK, SEDG, SHOP, KHC, Z, MSGS, YUMC, OKTA, GSHD, REZI, ALC, BYND, AMCR, GO, OPRT, NTCO, MSGE, IAC, MAX, OLO, VMEO, ZETA, BOTZ, IGIB, CNBS, EMB, EPP, ESGE, ESGU, FALN, FPE, IBUY, IGHG, IGOV, IWV, IXJ, PDBC, PHO, PIE, REZ, SDOG, SLV, STPZ, VEA, XLI, XLRE,
• Warning! GuruFocus has detected 1 Warning Sign with MDT. Click here to check it out.
• FLOT 15-Year Financial Data
• The intrinsic value of FLOT
• Peter Lynch Chart of FLOT
For the details of Guidance Point Advisors, LLC's stock buys and sells,go tohttps://www.gurufocus.com/guru/guidance+point+advisors%2C+llc/current-portfolio/portfolio
These are the top 5 holdings of Guidance Point Advisors, LLC
1. JPMorgan Chase & Co (JPM) - 400,443 shares, 22.98% of the total portfolio. Shares reduced by 0.03%
2. iShares Core S&P 500 ETF (IVV) - 70,756 shares, 12.27% of the total portfolio. Shares added by 0.11%
3. iShares Core U.S. Aggregate Bond ETF (AGG) - 137,036 shares, 5.75% of the total portfolio. Shares reduced by 0.89%
4. iShares S&P 500 Growth ETF (IVW) - 182,537 shares, 5.53% of the total portfolio. Shares added by 0.05%
5. BTC iShares Core MSCI EAFE ETF (IEFA) - 171,551 shares, 4.66% of the total portfolio. Shares added by 8.75%
Added: BTC iShares Floating Rate Bond ETF (FLOT)
Guidance Point Advisors, LLC added to a holding in BTC iShares Floating Rate Bond ETF by 193.43%. The purchase prices were between $50.61 and $50.77, with an estimated average price of $50.71. The stock is now traded at around $50.700000. The impact to a portfolio due to this purchase was 0.76%. The holding were 63,357 shares as of 2021-12-31.
Added: iShares 0-5 Year TIPS Bond ETF (STIP)
Guidance Point Advisors, LLC added to a holding in iShares 0-5 Year TIPS Bond ETF by 71.45%. The purchase prices were between $104.69 and $106.26, with an estimated average price of $105.37. The stock is now traded at around $105.000000. The impact to a portfolio due to this purchase was 0.4%. The holding were 25,010 shares as of 2021-12-31.
Added: iShares 0-5 Year High Yield Corporate Bond ETF (SHYG)
Guidance Point Advisors, LLC added to a holding in iShares 0-5 Year High Yield Corporate Bond ETF by 25.43%. The purchase prices were between $44.55 and $45.36, with an estimated average price of $45. The stock is now traded at around $44.650000. The impact to a portfolio due to this purchase was 0.11%. The holding were 32,783 shares as of 2021-12-31.
Added: iShares 1-3 Year Credit Bond ETF (IGSB)
Guidance Point Advisors, LLC added to a holding in iShares 1-3 Year Credit Bond ETF by 23.18%. The purchase prices were between $53.7 and $54.33, with an estimated average price of $53.95. The stock is now traded at around $53.220000. The impact to a portfolio due to this purchase was 0.11%. The holding were 30,244 shares as of 2021-12-31.
Added: iShares iBonds Dec 2023 Term Muni Bond ETF (IBML)
Guidance Point Advisors, LLC added to a holding in iShares iBonds Dec 2023 Term Muni Bond ETF by 50.64%. The purchase prices were between $25.89 and $25.95, with an estimated average price of $25.92. The stock is now traded at around $25.730000. The impact to a portfolio due to this purchase was 0.09%. The holding were 30,212 shares as of 2021-12-31.
Added: iShares iBoxx USD High Yield Corporate Bond ETF (HYG)
Guidance Point Advisors, LLC added to a holding in iShares iBoxx USD High Yield Corporate Bond ETF by 42.41%. The purchase prices were between $84.9 and $87.25, with an estimated average price of $86.23. The stock is now traded at around $84.680000. The impact to a portfolio due to this purchase was 0.06%. The holding were 5,950 shares as of 2021-12-31.
Sold Out: iShares iBonds Dec 2021 Term Corporate ETF (IBDM)
Guidance Point Advisors, LLC sold out a holding in iShares iBonds Dec 2021 Term Corporate ETF. The sale prices were between $24.7 and $24.74, with an estimated average price of $24.72.
Sold Out: iShares iBonds Dec 2021 Term Muni Bond ETF (IBMJ)
Guidance Point Advisors, LLC sold out a holding in iShares iBonds Dec 2021 Term Muni Bond ETF. The sale prices were between $25.55 and $25.6, with an estimated average price of $25.57.
Sold Out: iShares MSCI Emerging Markets ETF (EEM)
Guidance Point Advisors, LLC sold out a holding in iShares MSCI Emerging Markets ETF. The sale prices were between $47.41 and $51.73, with an estimated average price of $49.73.
Sold Out: Block Inc (SQ)
Guidance Point Advisors, LLC sold out a holding in Block Inc. The sale prices were between $158.3 and $265.08, with an estimated average price of $215.58.
Sold Out: iShares MBS ETF (MBB)
Guidance Point Advisors, LLC sold out a holding in iShares MBS ETF. The sale prices were between $107.03 and $108.32, with an estimated average price of $107.64.
Sold Out: iShares U.S. Energy ETF (IYE)
Guidance Point Advisors, LLC sold out a holding in iShares U.S. Energy ETF. The sale prices were between $28.79 and $32.07, with an estimated average price of $30.59.
Here is the complete portfolio of Guidance Point Advisors, LLC. Also check out:1. Guidance Point Advisors, LLC's Undervalued Stocks2. Guidance Point Advisors, LLC's Top Growth Companies, and3. Guidance Point Advisors, LLC's High Yield stocks4. Stocks that Guidance Point Advisors, LLC keeps buyingThis article first appeared onGuruFocus....
- Reddit Posts (Sample): [['u/Roccock1606', 'Just started', 17, '2022-02-26 00:02', 'https://www.reddit.com/r/Bitcoin/comments/t1h5zp/just_started/', 'So last week was the first time I invested in bitcoin and crypto, don’t own much and honestly I feel that I’ll be impossible for me to ever own a full bitcoin (unless it drops like 97% lol) my income ain’t much tbh but is it possible to work my way around and be able to get 1BTC in the near future?', 'https://www.reddit.com/r/Bitcoin/comments/t1h5zp/just_started/', 't1h5zp', [['u/Random_Person_246810', 10, '2022-02-26 00:33', 'https://www.reddit.com/r/Bitcoin/comments/t1h5zp/just_started/hyg49pk/', 'Near future? No.\n\nBut stay disciplined in recurring buys, and you’ll have 1 BTC eventually.', 't1h5zp'], ['u/Guswanicarbohydrate', 15, '2022-02-26 00:35', 'https://www.reddit.com/r/Bitcoin/comments/t1h5zp/just_started/hyg4kwr/', "Gambling is an expensive way to have fun. Beware: many people develop destructive gambling addictions.\n\nGambling with any expectation of coming out ahead is pure foolishness.\n\nTrying to *time* the Bitcoin market is gambling. People who claim they make a lot of money by doing frequent trades are liars.\n\nIf you buy actual Bitcoin, send it to your own wallet, and hold for the long term, you will be very-very happy someday. This requires you to be patient. Buying a set amount at regular intervals (DCA) is very effective. Don't try to get rich quick, rather, grow very rich over a long period of time.\n\nPay yourself first, every month, just like any other bill. Give it time. Don't let then frighten you with FUD. Hold.", 't1h5zp']]], ['u/haddock420', "I'm the guy who made the bitcoin price predictor program a few days ago. *Just for fun*, I've turned it into a reddit bot with its own subreddit.", 94, '2022-02-26 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/t1iteg/im_the_guy_who_made_the_bitcoin_price_predictor/', "See the previous post here:\n\nhttps://old.reddit.com/r/CryptoCurrency/comments/sz29b9/just_for_fun_i_made_a_program_that_predicts_the/\n\nThere was quite a bit of interest in this and someone suggested turning it into a website. Since making a website is beyond my abilities, I turned it into a subreddit instead. Introducing:\n\nhttps://old.reddit.com/r/SaboutF/\n\nThe Shit About Fuck bot will post daily predictions for btc, eth, ltc, and doge, predicting the price for the following day.\n\nI decided to keep it simple and just predict the following day's price. I also think this will be more accurate than trying to predict longer into the future (even though there is likely not much accuracy in the first place).\n\nI've made it so I can create today's predictions and post it on reddit with one script, which I'll run every day at around 1PM GMT (when coinmetrics update their history databases).\n\nIt's already made its first post here:\n\nhttps://old.reddit.com/r/SaboutF/comments/t1imci/saboutf_bot_predictions_for_20220225/\n\nIt made these predictions 11 hours ago, as I've only just written the reddit script. I find it interesting that it thinks ETH will go from $2,590 to $3k. And to be fair, since it made the prediction, ETH has gone to $2,779. It said all four cryptos would go up today, and they have, though not exactly by the amounts it said.\n\nFeel free to join the subreddit and post/comment on the predictions. I'll keep it update daily.", 'https://www.reddit.com/r/CryptoCurrency/comments/t1iteg/im_the_guy_who_made_the_bitcoin_price_predictor/', 't1iteg', [['u/milonuttigrain', 10, '2022-02-26 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/t1iteg/im_the_guy_who_made_the_bitcoin_price_predictor/hygbp3x/', '**Reminder** Just for FUN', 't1iteg'], ['u/SVTSkippy', 16, '2022-02-26 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/t1iteg/im_the_guy_who_made_the_bitcoin_price_predictor/hygeeyg/', 'I am in with my life savings! Don’t be wrong!', 't1iteg'], ['u/icest0', 12, '2022-02-26 04:34', 'https://www.reddit.com/r/CryptoCurrency/comments/t1iteg/im_the_guy_who_made_the_bitcoin_price_predictor/hygz96y/', 'F - Financial\n\nU - Advise\n\nN - buy now', 't1iteg']]], ['u/ObiJohnG', 'Finally got out', 276, '2022-02-26 01:28', 'https://www.reddit.com/r/SafeMoonInvesting/comments/t1j0g9/finally_got_out/', 'I’ve been a holder since the Friday after the infamous Miami AMA when Thomas was stoned and tanked the price (I think April 27th). Even though I didn’t buy at ATH, I lost about 80% on it. Thankfully I still have more than I originally invested in Dogecoin, which profits I used to buy this garbage but it still stings. Now I don’t know if I should keep it as BNB or buy BTC or ETH with it or just cash out. I will not buy another smart chain shitcoin. \nI’ll stay around in this sub I think I was one of the first 50 or so in here and I enjoy most of the people in it plus I want to see the truth of what’s going on with Safemoon. I’ll stay in the other sub too because the cope and mental gymnastics are so entertaining. \n🤘🏻', 'https://www.reddit.com/r/SafeMoonInvesting/comments/t1j0g9/finally_got_out/', 't1j0g9', [['u/xxxxMcLovinxxxx', 17, '2022-02-26 02:32', 'https://www.reddit.com/r/SafeMoonInvesting/comments/t1j0g9/finally_got_out/hygjxba/', 'Sorry for the hit, man, it sucks. You’ve been an entertaining contributor. Glad you’re sticking around for the show though', 't1j0g9'], ['u/ObiJohnG', 11, '2022-02-26 04:44', 'https://www.reddit.com/r/SafeMoonInvesting/comments/t1j0g9/finally_got_out/hyh0hcv/', 'I’ll never leave this show until it’s over. Do you ever hear from the guy who started this sub? I can’t remember his name but he was really smart and knew his shit.', 't1j0g9'], ['u/xxxxMcLovinxxxx', 12, '2022-02-26 05:07', 'https://www.reddit.com/r/SafeMoonInvesting/comments/t1j0g9/finally_got_out/hyh38ip/', 'u/offswitchtoggle created this sub when suspicion grew about the dev team and people were being banned in the main sub for asking questions that weren’t making sense and cult like behavior. Someone mentioned the other day when looking at the “influencers” it makes a lot of sense the early investor’s demographic.', 't1j0g9'], ['u/[deleted]', 16, '2022-02-26 05:56', 'https://www.reddit.com/r/SafeMoonInvesting/comments/t1j0g9/finally_got_out/hyh8rg7/', 'I wish he would come back as well. He seemed like a really good guy. Harassment can be really tough to deal with though and I totally get why he left. At that time his opinion was vilified much more than it would be today and I bet if he came back people would be much more friendly.\n\nI regularly get people from the main sub telling me to kill myself, sending me death threats or insulting me with whatever they think will stick. I don’t think most of them are like this, but some of them can be pretty fucked up.\n\nLuckily they don’t even slightly bother me. The following is obviously a fictional situation, but I think of it like this: \n\nI am sitting here enjoying a nice steak and lobster feast when suddenly I see someone literally eating human shit. I warn them that eating shit is not good for them and could have very negative consequences. They insist that eating shit will give them super powers and that I am a fool for not eating shit with them. More and more shit eaters show up and demand that I stop telling them not to eat shit. They start insulting me in every way they can think of for not eating shit, but what do I care about the opinion of someone who literally eats shit? I don’t care at all because clearly something is very wrong with them and they need help. This is exactly how I feel about the people in the main Safemoon sub.', 't1j0g9']]], ['u/__deltastream', 'Can we do something about these annoying "sToP pRoMoTing cRyPto In tImEs oF sTrife" posts?', 135, '2022-02-26 01:56', 'https://www.reddit.com/r/CryptoCurrency/comments/t1jlmz/can_we_do_something_about_these_annoying_stop/', 'As a long time lurker of this subreddit, I\'ve seen some very counter-intuitive posts and comments from people that say that we shouldn\'t promote the use of cryptocurrencies in times of strife. As if they couldn\'t be used for anything but pump and dumps.\n\nHave these people forgotten the whole "financial freedom" ideology concerning why Bitcoin was created? Do they know that Shiba Inu or Floki or whatever other shitcoin they have in their wallet does not comprise the entirety of the space? It\'s stuff like this that makes me think that these people are intentionally spreading FUD. Whether it\'s to help themselves make a profit, or because they don\'t know much about crypto, it\'s clear that these people see no practical use for it, and would much rather stop others from reaching out and helping people take control of their money.\n\nNonetheless, we should be actively encouraging people to learn about Crypto. We\'re in a cryptocurrency subreddit for Christ\'s sake. We need more devs that can help us become even more decentralized. We\'ve got Bisq (a true DEX, main currency is Bitcoin), we\'re getting Haveno (Like bisq, but main currency will be Monero), we have a satellite up and LoRa meshnets are promising.', 'https://www.reddit.com/r/CryptoCurrency/comments/t1jlmz/can_we_do_something_about_these_annoying_stop/', 't1jlmz', [['u/TruthSeeekeer', 56, '2022-02-26 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/t1jlmz/can_we_do_something_about_these_annoying_stop/hyggf48/', 'It’s funny how some people think we shouldn’t talk about crypto in a crypto subreddit. \n\nEven though external events may be horrible, this subreddit is a crypto sub and the main focus will understandably be on that.', 't1jlmz'], ['u/cryptoklobby', 25, '2022-02-26 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/t1jlmz/can_we_do_something_about_these_annoying_stop/hygh9xe/', 'Can we stop all the “stop all the ‘stop all the’ posts” posts?', 't1jlmz'], ['u/Creepy-Nectarine-225', 131, '2022-02-26 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/t1jlmz/can_we_do_something_about_these_annoying_s...
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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37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27
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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:**
['Key Insights: LUNA hit a Saturday high of $79.25 Wednesday\x92s $1bn LUNA private sale and stablecoin demand continued to support LUNA A January high of $92.67 is the next target price While it was a mixed day for the broader crypto market on Saturday, LUNA continued to March towards its January high of $92.67. Recovering from an early morning low of $71.73, LUNA rallied to a late high of $79.25 before easing back. Following a 12.04% jump on Friday, LUNA rose by 6.74% to end the day at $78.07. Hitting a new February high, the next target remains January\x92s high of $92.67. Stablecoin Demand Brings $90 Into Sight Market sentiment towards stablecoins and last week\x92s Luna Foundation Guard private sale continued to deliver support. On Wednesday, news hit the wires of Luna Foundation Guard (LFG) raising $1bn in a private token sale. The LFG created a Bitcoin ( BTC ) denominated reserve for Terra\x92s largest stablecoin, TerraUST ( UST ). Geopolitical risk and Russia\x92s invasion of Ukraine have also delivered market uncertainty, supporting stablecoins. LUNA Price Action At the time of writing, LUNA was up by 0.65% to $78.58. Technical Indicators LUNA will need to avoid the $76.4 pivot to make a run on the First Major Resistance Level at $81.0. The broader crypto market would need to support a breakout from Saturday\x92s high $79.25. Another extended rally would bring the Second Major Resistance Level at $83.9 and $90 levels into play. The Third Major Resistance Level sits at $91.4. A fall through the pivot would bring the First Major Support Level at $73.5 into play. In the case of an extended sell-off, LUNA could test support at $70. The Second Major Support Level sits at $68.8. Looking at the EMAs and the 4-hourly candlestick chart (above), it is a bullish signal. LUNA continues to hold above the 50-day EMA currently at $62.0. We have also seen the 50-day EMA pull away from the 200-day EMA overnight. A further widening of the 50-day EMA from the 200-day EMA would bring $90 levels into play. Story continues A bullish cross of the 100-day EMA through the 200-day EMA would also support a run on $90. LUNA will need to avoid a fall through to sub-$70 and the 50-day EMA at $62. This article was originally posted on FX Empire More From FXEMPIRE: Terra (LUNA) to Target $90 After Testing Resistance at $80 Can Cardano\x92s Long-Term HODLers Finally Push ADA Above $1? Bitcoin (BTC) Hits Reverse as the West Hits Russia with SWIFT Move Japanese E-commerce Giant Rakuten Launches NFT Marketplace Managing Your Commodity Price Risk U.S Mortgage Rates Hold Steady Despite Rising Geopolitical Risk', '• LUNA hit a Saturday high of $79.25\n• Wednesday’s $1bn LUNA private sale and stablecoin demand continued to support LUNA\n• A January high of $92.67 is the next target price\nWhile it was a mixed day for the broader crypto market on Saturday,LUNAcontinued to March towards its January high of $92.67.\nRecovering from an early morning low of $71.73, LUNA rallied to a late high of $79.25 before easing back. Following a 12.04% jump on Friday, LUNA rose by 6.74% to end the day at $78.07.\nHitting a new February high, the next target remains January’s high of $92.67.\nMarket sentiment towards stablecoins and last week’s Luna Foundation Guard private sale continued to deliver support.\nOn Wednesday,newshit the wires of Luna Foundation Guard (LFG) raising $1bn in a private token sale. The LFG created a Bitcoin (BTC) denominated reserve for Terra’s largest stablecoin, TerraUST (UST).\nGeopolitical risk and Russia’s invasion of Ukraine have also delivered market uncertainty, supporting stablecoins.\nAt the time of writing, LUNA was up by 0.65% to $78.58.\nLUNA will need to avoid the $76.4pivotto make a run on the First Major Resistance Level at $81.0. The broader crypto market would need to support a breakout from Saturday’s high $79.25.\nAnother extended rally would bring the Second Major Resistance Level at $83.9 and $90 levels into play. The Third Major Resistance Level sits at $91.4.\nA fall through the pivot would bring the First Major Support Level at $73.5 into play. In the case of an extended sell-off, LUNA could test support at $70. The Second Major Support Level sits at $68.8.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a bullish signal. LUNA continues to hold above the 50-day EMA currently at $62.0. We have also seen the 50-day EMA pull away from the 200-day EMA overnight. A further widening of the 50-day EMA from the 200-day EMA would bring $90 levels into play.\nA bullish cross of the 100-day EMA through the 200-day EMA would also support a run on $90.\nLUNA will need to avoid a fall through to sub-$70 and the 50-day EMA at $62.\nThisarticlewas originally posted on FX Empire\n• Terra (LUNA) to Target $90 After Testing Resistance at $80\n• Can Cardano’s Long-Term HODLers Finally Push ADA Above $1?\n• Bitcoin (BTC) Hits Reverse as the West Hits Russia with SWIFT Move\n• Japanese E-commerce Giant Rakuten Launches NFT Marketplace\n• Managing Your Commodity Price Risk\n• U.S Mortgage Rates Hold Steady Despite Rising Geopolitical Risk', 'Key Insights: A 2-day winning streak came to an end for Bitcoin (BTC) on Saturday News of the West removing Russian banks from SWIFT and continued fighting has weighed Technical indicators are bearish, with Bitcoin in the red in the early hours It was a mixed day for Bitcoin ( BTC ) on Saturday. A bullish start to the day saw Bitcoin visit $40,000 for the first time since last Sunday. Bitcoin struck an early morning day high of $40,228 before sliding to a late morning low of $38,606. Following a 2.31% gain on Friday, Bitcoin slipped by 0.27% to end the day at $39,135. It was a mixed session for the rest of the crypto top 10. LUNA rallied by 6.74% to lead the way, with AVAX (+0.98%) and ETH (+0.40%) also finding support to buck the broader market trend. SOL (-2.71%) and XRP (-2.36%) led the way down, with ADA (-1.22%) and BNB (-0.35%) also struggling. Bitcoin Fear & Greed Index Continues Upswing On Saturday, the Bitcoin Fear & Greed index fell from 27/100 to 26/100. This morning, the index remained steady at 26/100, avoiding a return to the \x93Extreme Fear\x94 zone. For the Bitcoin bulls, the index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels. NASDAQ 100 Mini and Bitcoin (BTC) Correlation to Continue The correlation between the NASDAQ 100 Mini and Bitcoin will likely resume in the coming week. Bitcoin struggled for direction on Saturday, with news updates on the Russian invasion and further moves by the West to cripple the Russian government market negative. Bitcoin Price Action At the time of writing, Bitcoin was down by 1.13% to $38,394. Bitcoin\x92s early downside was modest relative to the broader market, however. AVAX (-3.61%), LUNA (-3.24%), SOL (-3.09%), and XRP (-3.00%) were deep in the red in the early hours. Technical Indicators Bitcoin will need to move through the First Major Support level at $38,418 and the $39,323 pivot to make a run on the First Major Resistance Level at $40,040. Bitcoin would need broader market support to break out from $39,500. Story continues In the event of an extended rally, the Second Major Resistance Level at $40,945 and $41,000 levels would come into play. The Third Major Resistance Level sits at $42,567. Failure to move through the First Major Support Level and pivot would bring the Second Major Support Level at $37,701 into play. Barring an extended sell-off throughout the day, Bitcoin should avoid the Third Major Support Level at $36,079. Looking at the EMAs and the 4-hourly candlestick chart (above), it is a bearish signal. Bitcoin has fallen through 50-day EMA. The 50-day EMA has pulled back from the 100-day and 200-day EMAs this morning. A further pullback would bring sub-$38,000 into play. A move through the 50-day EMA at the $38,900 level would provide some support. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Retraces Gains as Risk Appetite Improves Can Cardano\x92s Long-Term HODLers Finally Push ADA Above $1? ECB President Joins a Growing List Calling for Crypto Regulations The Weekly Wrap \x96 Russia Invasion Overshadows Economic Data Bitcoin (BTC) Hits Reverse as the West Hits Russia with SWIFT Move Terra (LUNA) Targets $80 After Yet Another Breakout', '• A 2-day winning streak came to an end for Bitcoin (BTC) on Saturday\n• News of the West removing Russian banks from SWIFT and continued fighting has weighed\n• Technical indicators are bearish, with Bitcoin in the red in the early hours\nIt was a mixed day for Bitcoin (BTC) on Saturday. A bullish start to the day saw Bitcoin visit $40,000 for the first time since last Sunday. Bitcoin struck an early morning day high of $40,228 before sliding to a late morning low of $38,606.\nFollowing a 2.31% gain on Friday, Bitcoin slipped by 0.27% to end the day at $39,135.\nIt was a mixed session for the rest of the crypto top 10.\nLUNArallied by 6.74% to lead the way, withAVAX(+0.98%) andETH(+0.40%) also finding support to buck the broader market trend.\nSOL(-2.71%) andXRP(-2.36%) led the way down, withADA(-1.22%) andBNB(-0.35%) also struggling.\nOn Saturday, the Bitcoin Fear & Greed index fell from 27/100 to 26/100. This morning, the index remained steady at 26/100, avoiding a return to the “Extreme Fear” zone.\nFor the Bitcoin bulls, the index will need to move back through to 50/100 to bring $50,000 levels back into play for Bitcoin. A fall through to sub-20/100 would deliver sub-$30,000 levels.\nThe correlation between the NASDAQ 100 Mini and Bitcoin will likely resume in the coming week. Bitcoin struggled for direction on Saturday, with news updates on the Russian invasion and further moves by the West to cripple the Russian government market negative.\nAt the time of writing, Bitcoin was down by 1.13% to $38,394. Bitcoin’s early downsid
**Last 60 Days of Bitcoin's Closing Prices:**
[46444.71, 47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2022-02-27
**Financial & Commodity Data:**
- Gold Closing Price: $1886.50
- Crude Oil Closing Price: $91.59
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $730,089,830,498
- Hash Rate: 189074638.2697972
- Transaction Count: 211164.0
- Unique Addresses: 583361.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investment companyCX Institutional(Current Portfolio) buys Janus Henderson AAA CLO ETF, SPDR Portfolio Mortgage Backed Bond ETF, SPDR Portfolio S&P 400 Mid Cap ETF, SPDR Portfolio S&P 600 Small Cap ETF, Goldman Sachs Access Treasury 0-1 Year ETF, sells BTC iShares Floating Rate Bond ETF, SPDR Portfolio Intermediate Term Treasury ETF, ISHARES TRUST, Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF, SPDR S&P 400 Mid Cap Growth ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, CX Institutional. As of 2021Q4, CX Institutional owns 334 stocks with a total value of $1.3 billion. These are the details of the buys and sells.
• New Purchases:SPMB, CBND, GRID, SPYD, ROKU, GXTG, KBE, DOUG,
• Added Positions:JAAA, SPMD, SPSM, GBIL, TAXF, EWU, PFE, DLN, EWJ, CI, TFI, IEFA, JMST, QCOM, SHM, VOT, ATVI, VO, MO, AME, AMGN, MDLZ, NEM, NOC, IMTM, SCHH, SHY, ADBE, BAX, KO, CL, MCD, VOE, STZ, NEE, HON, MSI, VMC, CFG, IYT, KIE, MUB, XLI, ITW, ALLE, ITM, VWO, CSCO, HSY, CRM, DIS, UBER, IGHG, SOXX, VIAC, LMT, WMT, MA, IUSG, IYR, MDIV, BBY, DHI, MRK, TWLO, FM, IWF, IYLD, MGK, SPYV, XLB, SDY, VAW, SPGI, IVE, IWD, MCK, PAVE, VV, XLP, XLY, CMCSA, TSN, UNH, PYPL, IGF, INDA, NFRA, SCHV, IXP, URTH, VB, VOX, XLE, XLRE, V, ZG, RNG, ZM, AGG, FIW, GNR, ICLN, IDV, MOO, NANR, WOOD, CVX, HAS, PGR, CMG, DG, FB, PTON, DEM, DON, EWA, EWG, LVHD, PBW, QCLN, SPYG, TAN, VBK, VBR, XLU, XLV, PLD, ACN, AMD, AMZN, AMT, ADI, AMAT, BAC, CVS, CAT, SCHW, COP, CCI, DHR, DOV, DUK, LLY, EL, GPC, GS, IBM, TT, INTC, INTU, KMB, MAS, MS, PAYX, LIN, DGX, SBUX, STT, TMO, VFC, GWW, WFC, CHI, BR, AVGO, GM, ABBV, IVH, CARR, OTIS, AOA, EWQ, IVLU, NUDM, NUEM, NULV, NUMG, NUSC,
• Reduced Positions:FLOT, SPTI, GSLC, BNDX, SPLG, VUG, GSEW, NDAQ, HEFA, ORCL, ROK, HD, ADP, ICE, UNP, LOW, VGT, SCZ, PNC, ANTM, SPLV, NSC, VCR, CSX, UPS, BIL, USMV, VIS, XHB, AON, GILD, ITA, AAP, ALL, HYG, IWC, BSV, XLF, SPEM, JNJ, T, PG, XLC, CIBR, JPST, FV, IHAK, QQQJ, BUZZ, GVIP, XLK, ZTS, FAST, TXN, SHW, AXP, K, CLX, PEP, CPRT, SCHB, QUAL, SCHG, MLN, GOOGL, EMR, NVS, C, EWN, ENOR, BMY, VGR, BRK.B, APD, DE, SPTM, NFLX, VEA, WTMF, MMC, BP, GIGB, AOM, PM, TMUS, BSCM, ZION, RTX, USB, FTLS, NVDA, TGT, TJX, SYK, INKM, NKE, NTAP, FAF, QAI,
• Sold Out:MBB, MDYG, AAXJ, LQD, EIS, ERUS, ACIM, ULST, IGV, REM, U, NET, AVLR, ESGV, EWD, IUSV, HAE, LGND, VZ, VSAT, RAMP, KR, MCO, ORLY, POOL, STRA, TSCO, PRG, EBS, RUN, SAIL, FCVT, IFV, CTXS, CAG, IEX, MDT, TREE, CBOE, HII, TOTL, AZO, BK, BA, D, FITB, GE, SWKS, VEEV, FSK, BSCL, AFL, A, ARE, ALGN, AEP, AIG, AMP, ABC, APH, ANSS, ADM, ADSK, AVB, AVY, TFC, BCE, BLL, BDX, BIIB, BLK, BSX, CBRE, CDNS, COF, KMX, CNC, LUMN, FIS, CME, CTAS, CTSH, CMI, DTE, DRI, DEO, DLR, DD, EOG, ETN, ECL, EW, EA, EQIX, EQR, ESS, EXC, EXPD, FDX, FISV, FL, F, FCX, GIS, GPN, MNST, LHX, WELL, HPQ, HBNC, HUM, HBAN, INFO, IDXX, ILMN, IFF, IP, ISRG, JCI, KLAC, LRCX, LEN, MAR, MET, MTD, MCHP, MU, NVR, NTRS, NUE, OXY, OKE, PCAR, PPG, PPL, PH, PXD, BKNG, PRU, PEG, PSA, REGN, RSG, RMD, RVP, ROP, ROST, SBAC, SLB, SRE, SPG, SO, LUV, TRV, STLD, SNPS, SYY, TROW, GL, UL, URI, VLO, WBA, WDC, WHR, WMB, XLNX, YUM, ZBRA, ZBH, EBAY, HPI, UTG, CII, HBI, DAL, DFS, TEL, AWK, MSCI, FTNT, VRSK, GNRC, NXPI, FRC, BCX, KMI, HCA, MPC, APTV, BUI, NOW, DFP, DSL, IQV, CDW, TWTR, HLT, PAYC, SYF, KEYS, CCD, KHC, DOW, CTVA, FYBR, AOK, CVY, DFAC, INTF, IYC, IYJ, IYK, JMUB, MGC, VDE, VNQ, AOS, AAON, AES, ABMD, AMG, AKAM, ALK, ALB, Y, ADS, LNT, HES, AEE, AFG, IVZ, NLY, APA, AIRC, AINV, WTRG, AIZ, AZN, ATO, BPT, BIO, BMRN, BWA, BXP, CF, CHRW, CMS, CTRA, CPT, CPB, CP, CAH, CSL, CCL, CASY, CE, CNP, CERN, CPK, CHD, CINF, CHCO, TPR, CGNX, CMA, CBSH, DXC, CNSL, ED, COO, GLW, CCK, CFR, XRAY, DVA, DVN, DXCM, DISCA, DLTR, DPZ, DCI, LCII, DRE, ESE, EMN, DISH, EIX, ETR, EPD, RE, EXPE, EXPO, EXR, FFIV, FMC, FDS, FICO, FRT, M, FFIN, FRME, FE, FLEX, FLS, BEN, GPS, IT, GT, GGG, HRB, HDB, HAL, HOG, HIG, PEAK, HSIC, HFC, HOLX, HRL, HST, HUBB, ITT, INCY, IPG, IRM, JBHT, SJM, JKHY, J, JNPR, KSU, KEY, KIM, KSS, LKQ, LH, LAMR, LVS, LEG, LII, BBWI, LNC, LYV, MTB, MDU, MGM, MGA, MNKD, MRO, MKTX, MLM, MKC, MAA, MHK, MOH, TAP, MPWR, VTRS, NRG, NATI, NOV, NWLI, NWL, NI, NDSN, JWN, NRT, ES, NWBI, NG, NVO, ODFL, OMC, OI, PKG, PTC, PENN, PBCT, PRGO, PVH, PNW, PII, RL, PFG, PHM, PWR, RLI, RPM, RJF, O, REG, RF, RHI, WRK, ROL, RCL, RDS.A, SLG, SIVB, SBR, SEE, XPO, WPM, SNA, SWK, STE, SUI, NLOK, TSM, TTWO, TECH, TDY, TFX, TER, TXT, TTC, THS, TRMB, TYL, UAL, UGI, UAA, UDR, OLED, UFPI, UHS, UNM, VTR, VRSN, VRTX, VOD, VNO, WRB, WAB, WAT, WST, WY, WEC, WEX, WYNN, XEL, XRX, ASMLF, L, AAWW, FTS, ET, TDG, MHD, RCS, PCM, PFO, DMF, AFB, FLC, BLE, BHK, PCN, HYT, EVT, BGT, EOS, ETB, ETV, BDJ, CGO, AGD, WU, LDOS, LBTYK, IPGP, BTZ, ACM, PODD, BGS, G, MASI, ULTA, FTI, DISCK, ARI, LEA, LYB, RFP, NLSN, MOS, HEQ, GLDG, HZNP, FBHS, XYL, DBL, TRIP, CPRI, EPAM, POST, ENPH, SPLK, PSX, PDI, PANW, PNR, FANG, CONE, NCLH, ICLR, FPF, COTY, NWS, NWSA, REXR, BURL, NMIH, AAL, ALLY, ANET, BABA, CTLT, CZR, CDK, AVNS, QRVO, SEDG, ETSY, ENR, FLOW, HPE, AGR, UA, FTV, TTD, VST, LW, HWM, INVH, BTU, IR, BHF, COLD, SPOT, DOCU, NIO, MRNA, FOXA, FOX, LYFT, ALC, KTB, CRWD, AMCR, DDOG, DLY, ARNC, DKNG, SQFT, VNT, STX, AIV, CHK, DOCN, OGN, DTM, VSCO, GXO, SLVM, KD, AGGY, DFAS, DFAX, DVY, DVYE, DWX, EDEN, EFG, EFNL, ENZL, EWH, EWK, EWZ, FDN, FXD, FXL, FXR, GDX, IAGG, IAU, IBB, IEF, IHDG, IHF, IJH, INFR, ISTB, ITOT, IVW, IWB, IWO, IWP, IWR, IYF, IYH, IYW, IYZ, MTUM, OEF, PGAL, QQQ, REGL, REZ, RSP, RWR, SCHA, SIL, SMMV, TIPX, VCIT, VDC, VFH, VHT, VIG, VOO, VTI, VTV, VYM, XLG, XME, XMLV, XPH, XRT, XSLV,
• Warning! GuruFocus has detected 4 Warning Signs with VIAC. Click here to check it out.
• JAAA 15-Year Financial Data
• The intrinsic value of JAAA
• Peter Lynch Chart of JAAA
For the details of CX Institutional's stock buys and sells,go tohttps://www.gurufocus.com/guru/cx+institutional/current-portfolio/portfolio
These are the top 5 holdings of CX Institutional
1. iShares Core S&P 500 ETF (IVV) - 103,103 shares, 3.91% of the total portfolio. Shares added by 0.85%
2. Vanguard Mid-Cap ETF (VO) - 186,493 shares, 3.78% of the total portfolio. Shares added by 4.52%
3. SPDR Portfolio Intermediate Term Treasury ETF (SPTI) - 1,060,461 shares, 2.70% of the total portfolio. Shares reduced by 27.33%
4. Vanguard Large Cap ETF (VV) - 133,257 shares, 2.34% of the total portfolio. Shares added by 2.36%
5. Vanguard Short-Term Bond ETF (BSV) - 329,229 shares, 2.12% of the total portfolio. Shares reduced by 3.03%
New Purchase: SPDR Portfolio Mortgage Backed Bond ETF (SPMB)
CX Institutional initiated holding in SPDR Portfolio Mortgage Backed Bond ETF. The purchase prices were between $25.26 and $25.55, with an estimated average price of $25.39. The stock is now traded at around $24.860000. The impact to a portfolio due to this purchase was 0.94%. The holding were 463,419 shares as of 2021-12-31.
New Purchase: (CBND)
CX Institutional initiated holding in . The purchase prices were between $34.4 and $35.26, with an estimated average price of $34.82. The stock is now traded at around $33.690000. The impact to a portfolio due to this purchase was 0.37%. The holding were 134,963 shares as of 2021-12-31.
New Purchase: SPDR Portfolio S&P 500 High Dividend ETF (SPYD)
CX Institutional initiated holding in SPDR Portfolio S&P 500 High Dividend ETF. The purchase prices were between $38.8 and $42.05, with an estimated average price of $40.71. The stock is now traded at around $43.480000. The impact to a portfolio due to this purchase was 0.09%. The holding were 25,906 shares as of 2021-12-31.
New Purchase: First Trust NASDAQ Clean Edge Smart Grid Infrastru (GRID)
CX Institutional initiated holding in First Trust NASDAQ Clean Edge Smart Grid Infrastru. The purchase prices were between $92.39 and $105.85, with an estimated average price of $100.7. The stock is now traded at around $96.738400. The impact to a portfolio due to this purchase was 0.09%. The holding were 10,791 shares as of 2021-12-31.
New Purchase: Roku Inc (ROKU)
CX Institutional initiated holding in Roku Inc. The purchase prices were between $203.94 and $344.46, with an estimated average price of $267.9. The stock is now traded at around $166.240000. The impact to a portfolio due to this purchase was 0.08%. The holding were 4,440 shares as of 2021-12-31.
New Purchase: Global X The Global X Thematic Growth ETF (GXTG)
CX Institutional initiated holding in Global X The Global X Thematic Growth ETF. The purchase prices were between $43.77 and $52.16, with an estimated average price of $48.29. The stock is now traded at around $39.680000. The impact to a portfolio due to this purchase was 0.07%. The holding were 20,297 shares as of 2021-12-31.
Added: Janus Henderson AAA CLO ETF (JAAA)
CX Institutional added to a holding in Janus Henderson AAA CLO ETF by 9649.58%. The purchase prices were between $50.28 and $50.4, with an estimated average price of $50.35. The stock is now traded at around $50.439300. The impact to a portfolio due to this purchase was 1.16%. The holding were 292,585 shares as of 2021-12-31.
Added: SPDR Portfolio S&P 400 Mid Cap ETF (SPMD)
CX Institutional added to a holding in SPDR Portfolio S&P 400 Mid Cap ETF by 20240.32%. The purchase prices were between $46.53 and $50.84, with an estimated average price of $48.79. The stock is now traded at around $47.610000. The impact to a portfolio due to this purchase was 0.51%. The holding were 128,144 shares as of 2021-12-31.
Added: SPDR Portfolio S&P 600 Small Cap ETF (SPSM)
CX Institutional added to a holding in SPDR Portfolio S&P 600 Small Cap ETF by 16447.51%. The purchase prices were between $42.09 and $46.65, with an estimated average price of $44.22. The stock is now traded at around $43.140000. The impact to a portfolio due to this purchase was 0.5%. The holding were 139,330 shares as of 2021-12-31.
Added: Goldman Sachs Access Treasury 0-1 Year ETF (GBIL)
CX Institutional added to a holding in Goldman Sachs Access Treasury 0-1 Year ETF by 33.37%. The purchase p...
- Reddit Posts (Sample): [['u/Tetraika', '[Rewatch] Mahou Shoujo Lyrical Nanoha A’s Episode 11 Discussion', 64, '2022-02-27 00:01', 'https://www.reddit.com/r/anime/comments/t29jz0/rewatch_mahou_shoujo_lyrical_nanoha_as_episode_11/', '[Rewatch] Mahou Shoujo Lyrical Nanoha A’s Episode 11 Discussion\n\nPost Body:\n\nEpisode 11: A Present for Christmas\n\n[← Previous Episode](https://www.reddit.com/r/anime/comments/t1h3u2/rewatch_mahou_shoujo_lyrical_nanoha_as_episode_10) | [Index](https://www.reddit.com/r/anime/comments/rykmby/mahou_shoujo_lyrical_nanoha_rewatch_schedule) | [Next Episode→](https://www.reddit.com/r/anime/comments/t30a96/rewatch_mahou_shoujo_lyrical_nanoha_as_episode_12)\n\n**Information:**\n\n[MAL](https://myanimelist.net/anime/77/Mahou_Shoujo_Lyrical_Nanoha_As) | [AniList](https://anilist.co/anime/77/Mahou-Shoujo-Lyrical-Nanoha-As/) | [ANN](https://www.animenewsnetwork.com/encyclopedia/anime.php?id=5770) | [Kitsu](https://kitsu.io/anime/mahou-shoujo-lyrical-nanoha-a-s) | [AniDB](https://anidb.net/anime/3440)\n\n---\n\nQuestion of the Day \n\nWhat kind of dream would the book of Darkness give you?\n\n---\n\nA surprise insert time - [Snow Rain - Kana Ueda](https://www.youtube.com/watch?v=ZpG55RBtCNc)\n\n---\n\nRewatchers, please remember to be mindful of all the first-timers in this. No talking about or hinting at future events no matter how much you want to, ***unless*** you’re doing it underneath [spoiler tags](https://old.reddit.com/r/anime/comments/q28ulr/announcing_changes_to_spoiler_tags/).', 'https://www.reddit.com/r/anime/comments/t29jz0/rewatch_mahou_shoujo_lyrical_nanoha_as_episode_11/', 't29jz0', [['u/Tetraika', 17, '2022-02-27 00:01', 'https://www.reddit.com/r/anime/comments/t29jz0/rewatch_mahou_shoujo_lyrical_nanoha_as_episode_11/hykncq2/', '[doubt](https://i.imgur.com/tKXiseb.jpg)\n\n[Still saying cool shit](https://i.imgur.com/DkXYsVT.jpg)\n\n[A familiar(?) place](https://i.imgur.com/1pNkB25.jpg)\n\n[Oh hi there](https://i.imgur.com/QNaHlOw.jpg)\n\n[In this episode: Nana Mizuki goes insane as she talks to herself the entire time](https://i.imgur.com/22imX95.jpg)\n\n[If you didn’t watch the movie or somehow had access to the sound stage stuff, her appearance would be very confusing](https://i.imgur.com/R6mYPA0.jpg), anyway she still kinda just… exists\n\n[PTSD](https://i.imgur.com/jiTInED.jpg)\n\n[The ultimate bamboozle:](https://i.imgur.com/2ovUjH6.jpg)\n\n[Everything before is just a dream](https://i.imgur.com/N1qH3x9.jpg)\n\n[The life she wanted deep down](https://i.imgur.com/6TTIw2h.jpg)\n\n[Wow Nanoha you can’t just call ~~people~~ books whiny brats](https://i.imgur.com/SfOF9bj.jpg)\n\n[0 days since genocide](https://i.imgur.com/btaTgtq.jpg)\n\n[A sweet dream](https://i.imgur.com/9CSZCQ7.jpg)\n\n[Kind of a creepy smile](https://i.imgur.com/gPUZXVw.jpg), not sure if intentional\n\n[Got a whole slew of new attacks with excelion mode](https://i.imgur.com/d54GYnn.jpg)\n\n[Raising Heart becomes a spear](https://i.imgur.com/c0ErgWn.jpg)\n\n[oops](https://i.imgur.com/1mgXNxM.jpg)\n\n[“Nothing but a tool” btw](https://i.imgur.com/UA2AqiZ.jpg)\n\n[Damnit Fate perfect time to say someone is waiting for you](https://i.imgur.com/OMxO3tA.jpg)\n\n[*Run on Administrator*](https://i.imgur.com/IhwrDlr.jpg)\n\n[Seems that this event is actually unprecedented.](https://i.imgur.com/3QPwVGJ.jpg) I imagine that it has to do with the Book of Darkness holding no resentment towards Hayate. Actually, there’s a whole lore theory I’ve come up with as to what and whys, but that’ll take a while to explain.\n\n[“Just beat the shit out of her? That’s exactly what I wanted to hear”](https://i.imgur.com/562XJNl.jpg)\n\n[Zanber Form](https://i.imgur.com/pe3JURB.jpg) is cool\n\n[The way the whole screen just shatters](https://i.imgur.com/zSpHhSa.jpg), glorious\n\n[The nuclear option](https://i.imgur.com/6SWk5Zp.jpg), just in case', 't29jz0'], ['u/Tresnore', 15, '2022-02-27 00:01', 'https://www.reddit.com/r/anime/comments/t29jz0/rewatch_mahou_shoujo_lyrical_nanoha_as_episode_11/hyknd4w/', '**Rewatcher: Get Set**\n\n- [Nanoha, seeing the tentacles.](https://i.imgur.com/c5g3YLN.png) [](#gear "There\'s a pixiv tag for this sort of situation, I think.")\n\n- [Oh, right, you weren\'t movie-only.](https://i.imgur.com/MAEkRwz.png)\n\n- [She\'s wearing... not a BDSM outfit.](https://i.imgur.com/Dx2cOp6.png) \n[](#squee) \nBut [Fate\'s outfit somehow got kinkier.](https://i.imgur.com/LWzzKZp.png)\n\n- [Symphogear XV]>!<\n\n- Hayate, how do you forget your most basic wish: "I don\'t want to fucking die of my disease." \n[](#taigasigh)\n\n- [SPEAR!!!!!!](https://i.imgur.com/00gJ4j4.png) \n[](#SPORTS)[](#grandhype)[](#SPORTS)\n\n- [Major Umineko]>!<\n\n- This show is *really* averse to running people through with a polearm.\n\n- ["Oh, right, I\'m in a dream!"](https://i.imgur.com/jCUqwrC.png)\n\n- [Hayate\'s eyes are SO BIG!](https://i.imgur.com/HEwOugw.png)\n\n- ["Just fucking BLAST her!"](https://i.imgur.com/5YZNe0i.png) \n ["Oh, okay!"](https://i.imgur.com/V5fj6Os.png) I love Nanoha. \n [](#azusalaugh)\n\n- [Worst form, but this is a cool moment, so I\'ll let it slide.](https://i.imgur.com/fk0SUtF.png "Calling him a good boy sure was something.")\n\n- [Hayate has been added to the list of sudoers.](https://i.imgur.com/aVAoCfe.png)\n\n___\n\nQOTD:\n\nThe dream is what you thought you wanted, even if it\'s not what you *really* want, right? So I\'d probably be working as a prosthetist.', 't29jz0'], ['u/Great_Mr_L', 14, '2022-02-27 00:01', 'https://www.reddit.com/r/anime/comments/t29jz0/rewatch_mahou_shoujo_lyrical_nanoha_as_episode_11/hykndau/', '**Rewatcher**\n\nOn today’s episode of Lyrical Nanoha: Dreams must all come to an end. But in this case, what really stands out is the strength the characters had to wake up.\n\nThis episode features a tried and true narrative trope, [the Lotus-Eater Machine.](https://tvtropes.org/pmwiki/pmwiki.php/Main/LotusEaterMachine) And honestly, it’s one of my favorite uses of it. I love it because of the development it shows for the characters involved and how they are able to break out because of their own inner strength and determination.\n\nFate’s segment in this episode is beautiful. In her dream, she is given everything she wanted back in the first season. She’s living a happy life with Alicia, Arf, Rynith, and even Presea. Back in the first season, Fate always talked about how she wanted to see Presea smile and return to being the kind mother she was in Alicia’s memories.\n\nI love Fate’s segment because it shows her character growth. She gets what she wanted in the first season and she is able to turn it down. Fate is not even really tempted to stay, which is another thing I love about her part in this episode. Instead, these scenes are essentially about Fate finally making peace with her past. She’s able to accept that this dream, however beautiful it might be, is not reality. She’s able to accept that as sad as it may be, she has to leave it behind and wake up. And she knows that when she wakes up, her strong and gentle friends are waiting for her. It shows that Fate has changed as a person.\n\nAlso that scene of Fate and Alicia saying goodbye to each other is just so sad. It’s such a bittersweet moment for them. I always got the impression that even though Alicia is sad here, she’s also feeling proud of Fate. \n\nHayate’s part of the episode is great as well. The book claims that it is fulfilling her wish. Hayate has also been put into a dream where she can live happily with the people she loves. But, just like with Fate, Hayate is not really tempted by this dream. She knows it is just a dream and she doesn’t want it. And critically, Hayate realizes that this is also not what the book wants either.\n\nI’ve said it before, but I adore how much kindness and understanding is consistently treated as a strength in Lyrical Nanoha. Now we see how Hayate shows that strength herself. She recognizes that the book has also been sad and lonely for a long time. After all, the book was tampered with. It can no longer do what it was designed to do. Instead, it can only bring about destruction. It cannot serve its masters without killing them in the process. And it has experienced this same grief over and over. Hayate wants to save the book. She’s just like Nanoha and Fate.\n\nThe scene of Hayate renaming the book is wonderful. Hayate rejects the idea that the book can only be a tool of destruction. She rejects the idea that the book cannot live the way it has always wanted to live. She rejects the name “Book of Darkness,” a false name that was forced onto the book by others after it was broken. Instead, she gives it a new name, “Reinforce.” I really adore this scene. It shows how Hayate’s kindness and understanding are her key strengths. And because of that, she’s able to activate her administrative abilities to separate Reinforce from its own automatic defense system that has gone out of control. It was said previously that the only way the book could be stopped was if the master could change it after it was activated. Now, we finally have that chance. And it came about because of Hayate’s actions.\n\nThe last thing I want to mention as being super cool is that we finally get to see Raising Heart’s Excelion Mode and Bardiche’s Zanber Form. Obviously Excelion Mode is cool because it can fire even bigger beams, but I especially love Zanber Form. Bardiche becomes a giant energy sword and it is awesome.\n\n[](#awe)\n\n**Miscellaneous Thoughts**\n\n- I love that Nanoha called the Book of Darkness a whiny brat.\n\n[](#laughter)\n\n- It’s also extremely fitting that Nanoha is excited that Yuuno’s solution to her is basically just to shoot the largest magical beam she can at the book’s defense program.\n\n- Seeing Fate reco...
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.
|
43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27, 41982.93
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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:**
["LONDON, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Salvadorian President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country, another step in the populist leader’s plan to bolster the country’s economy by attracting non-traditional capital.\n“I’m sending 52 legal reforms to congress to remove red tape, reduce bureaucracy, create tax incentives, citizenship, in exchange for investments, new securities laws, stability contracts, etc.,” Bukele said on Twitter.\nSince September, El Salvador has attracted increasing international interest when it passed a law that made the cryptocurrency Bitcoin legal tender. Like the new package of El Salvador reforms, that law was first proposed by Bukele.\nIf the new citizenship legal reform is passed, El Salvador would become one of the few countries to offer a citizenship by investment programme, joining several other small countries, mainly in the Caribbean, according to the world’s leading government advisory and marketing firmCS Global Partners.\nCBI Programmes usually require a vetted applicant to make a minimum monetary contribution to a government fund or purchase real estate in the country to obtain citizenship.\nGreater crypto freedom with CBI\n“An increasing number of crypto investors and tech entrepreneurs have started looking to second citizenship as a means of achieving greater freedom”, says Micha Emmett, the CEO of CS Global Partners. She added that this growing demographic has combined assets like cryptocurrency with additional citizenships to unlock financial autonomy and wealth diversity.\n“As crypto gained more traction in the last few years, we’ve started seeing an increase in interest for second citizenship from the tech community. This demographic, technologically, is already global, so it makes sense that they want their assets to reflect this mindset,” she said.\nA second citizenship offers a level of safety and security that investors can rely on during political or economic turmoil. The onset of the COVID-19 pandemic has particularly triggered families to obtain second citizenship to better protect themselves and their financial assets whilst increasing their global mobility.\nThe dual-island nation of St Kitts and Nevis has been a popular destination amongst the wealthy, mainly because of itsCBI Programme. This initiative provides a trusted route to second citizenship once an applicant invests in the nation. Established in 1984, St Kitts and Nevis’ programme is internationally recognised as a ‘Platinum Standard’ brand.\nDespite being the smallest sovereign state in the Western Hemisphere, St Kitts and Nevis is one of the most technologically advanced nations in the region regarding its crypto-friendly approach to banking. The islands recently passed a bill simplifying the trade of virtual assets and are also currently running a digital currency pilot programme known as DCash. St Kitts and Nevis also does not impose income, inheritance, or capital gains tax, allowing citizens to breathe a little freer as they focus on the investments that matter to them.\nMore countries are considering the CBI route\nEl Salvador is not the only country tossing with the idea of citizenship by investment to boost its economy. Just last month, Pakistan’s Information Minister Fawad Chaudhry said that the Government would offer Pakistani nationality to foreign investors, particularly as a way to recruit heavy investments from the wealthy individuals of neighbouring China and Pakistan.\nJamaica's Government is also being pushed to consider adopting a citizenship by investment programme with the funds gained through the process used for various development projects.\nJulian Dixon, CEO and broker at Jamaica Sotheby’s International Realty, made the call in October 2021. She said funds gained from the project should be used to invest in the country’s infrastructure, real estate, job creation and business development.\n“For a number of countries, especially in the Caribbean, there is no denying that CBI programmes offer a much-needed injection of foreign direct investment, often in a way that can make a significant developmental difference. These funds are channelled into reducing international aid and debt, developing the tourism sector, job growth as foreigners often employ locals when expanding offices or constructing properties, and sustainability initiatives,”CS Global Partner’sEmmett commented.\nDixon particularly pointed out that St Kitts and Nevis, which pioneered the citizenship by investment programme close to four decades ago and has invested upwards of US$300 million from the programme in modernising its infrastructure. She said Jamaica could do the same.\nA trusted product\nSt Kitts and Nevis offers a trusted product that has been acclaimed globally by independent studies like the annualCBI Indexpublished by the Financial Times’ PWM magazine. With an influx of citizenship programmes on the market, St Kitts and Nevis continues to be a powerhouse within the industry with one of the longest-standing programmes in operation.\nThose who become citizens gain awealth of benefits, including increased global mobility to financial centres in Asia, Europe and Africa, alternative business prospects, and the ability to pass citizenship down, thus establishing a future legacy for one’s family. Additionally, St Kitts and Nevis does not impose any personal income, gift or inheritance tax and has a currency pegged to the US dollar, making it a financially lucrative destination for savvy investors.\nThe country’s CBI Unit, which processes all economic citizenship applications, usually issues approvals or denials within a period of three months. There are no interviews, language, education, or business requirements.\nTravel to the island is not obligatory, and no minimum residence stays apply either before or after Citizenship is obtained. Due diligence procedures remain among the industry’s most robust, and the nation is strengthening them by focusing on enhancing fingerprinting and biometrics.\nFor those looking to hedge against future risks, combining the dual-island nation’s crypto-friendly policies and second citizenship provides investors with the ultimate insurance policy during times of unpredictability. St Kitts and Nevis remains the best destination for securing your future with a thriving financial services sector and a growing crypto hub.\nContact:[email protected],www.csglobalpartners.com/ +447824029952", "CS Global Partners LONDON, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Salvadorian President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country, another step in the populist leader\x92s plan to bolster the country\x92s economy by attracting non-traditional capital. \x93I\x92m sending 52 legal reforms to congress to remove red tape, reduce bureaucracy, create tax incentives, citizenship, in exchange for investments, new securities laws, stability contracts, etc.,\x94 Bukele said on Twitter. Since September, El Salvador has attracted increasing international interest when it passed a law that made the cryptocurrency Bitcoin legal tender. Like the new package of El Salvador reforms, that law was first proposed by Bukele. If the new citizenship legal reform is passed, El Salvador would become one of the few countries to offer a citizenship by investment programme, joining several other small countries, mainly in the Caribbean, according to the world\x92s leading government advisory and marketing firm CS Global Partners . CBI Programmes usually require a vetted applicant to make a minimum monetary contribution to a government fund or purchase real estate in the country to obtain citizenship. Greater crypto freedom with CBI \x93An increasing number of crypto investors and tech entrepreneurs have started looking to second citizenship as a means of achieving greater freedom\x94, says Micha Emmett, the CEO of CS Global Partners. She added that this growing demographic has combined assets like cryptocurrency with additional citizenships to unlock financial autonomy and wealth diversity. \x93As crypto gained more traction in the last few years, we\x92ve started seeing an increase in interest for second citizenship from the tech community. This demographic, technologically, is already global, so it makes sense that they want their assets to reflect this mindset,\x94 she said. A second citizenship offers a level of safety and security that investors can rely on during political or economic turmoil. The onset of the COVID-19 pandemic has particularly triggered families to obtain second citizenship to better protect themselves and their financial assets whilst increasing their global mobility. Story continues The dual-island nation of St Kitts and Nevis has been a popular destination amongst the wealthy, mainly because of its CBI Programme . This initiative provides a trusted route to second citizenship once an applicant invests in the nation. Established in 1984, St Kitts and Nevis\x92 programme is internationally recognised as a \x91Platinum Standard\x92 brand. Despite being the smallest sovereign state in the Western Hemisphere, St Kitts and Nevis is one of the most technologically advanced nations in the region regarding its crypto-friendly approach to banking. The islands recently passed a bill simplifying the trade of virtual assets and are also currently running a digital currency pilot programme known as DCash. St Kitts and Nevis also does not impose income, inheritance, or capital gains tax, allowing citizens to breathe a little freer as they focus on the investments that matter to them. More countries are considering the CBI route El Salvador is not the only country tossing with the idea of citizenship by investment to boost its economy. Just last month, Pakistan\x92s Information Minister Fawad Chaudhry said that
**Last 60 Days of Bitcoin's Closing Prices:**
[47178.12, 46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-02-28
**Financial & Commodity Data:**
- Gold Closing Price: $1899.40
- Crude Oil Closing Price: $95.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $778,635,754,427
- Hash Rate: 214099222.7466821
- Transaction Count: 270918.0
- Unique Addresses: 702483.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.20
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: After struggling near $44,800,Bitcoinprice started a fresh decline. There was a break below the $44,000 support level and the 21 simple moving average (H1).
The decline gained pace below the $43,500 level. There was a move below a key bullish trend line with support near $43,000 on the hourly chart. The price is now trading below the $42,500 level. Immediate support is near the $42,000 level.
The next major support sits at $41,650, below which there is a risk of more losses. In the stated case, the price could even test the $40,400 level.
Etheralso followed a similar pattern and started a fresh decline from the $3,185 resistance zone. The price declined below the $3,100 level and the 21 simple moving average (H1).
It is now consolidating near the $3,000 zone. There is also a major bullish trend line with support near $3,000 on the same chart. A downside break below the $3,000 support could push the price further lower to $2,950.
If not, ether price might start a fresh increase above the $3,050 level. The next major resistance on the upside is near the $3,100 level and the 21 simple moving average (H1).
ATOMfound support above the $25.00 zone after a strong decline. There were multiple attempts to clear the $25.50 and $25.00 support levels.
However, the bulls defended the $25.00 support zone. A base is formed and the price is now attempting a fresh increase. There was a steady wave above the $26.50 and $27.20 resistance levels. There was a close above the $28.00 level and the 21-day simple moving average.
The price is now attempting an upside break above a major bearish trend line with resistance near $29.80 on the daily chart.
If there is an upside break, the price could rally towards $35.00. It is near the 50% Fib retracement level of the last major decline from the $44.60 swing high to the $25.50 swing low.
If not, ATOM’s price might correct gains and test the $28.00 support. The main support is still $25.00, below which there is a risk of a larger decline.
Cardano (ADA)is sliding and trading below the $1.085 level. The next support might be $1.055, below which there is a risk of a larger decline to $1.00.
BNBis down 2% and trading below the $420 support. It seems like the price is approaching the $405 level. If there are additional losses, the price could even dive to $380.
Polkadot (DOT)is moving lower and trading below $19.00. It is now testing the $18.80 support. If there are additional losses, the price might decline towards the $18.00 level.
A few trending coins areNEAR,MANA, andWAVES. Out of these, WAVES might surge if it clears the $10.80 resistance zone.
Thisarticlewas originally posted on FX Empire
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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.
|
44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27, 41982.93, 39437.46
|
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:**
['Key Insights: Bitcoin (BTC) surged by 14.5% to test resistance at $44,000 Monday\x92s breakout saw Bitcoin decouple from the NASDAQ 100 and broader global equity markets The Bitcoin bulls will now be targeting a return to $50,000 It was a bullish start to the week for Bitcoin ( BTC ) and the broader crypto market. Recovering from an early morning day low of $37,473, Bitcoin surged to a late intraday high of $43,954 before easing back. Resistance at $44,000 pegged Bitcoin back in the final hour of the day. Reversing a 3.66% slide from Sunday, Bitcoin ended the day up by 14.51% at $43,189. It was also a bullish session for the rest of the crypto top 10. LUNA surged by 26.09% to lead the way, with SOL ending the day up by 16.44%. ADA (+12.49%), AVAX (+12.58%), and ETH (+11.65%), also found strong support, while BNB (+9.88%) and XRP (+8.40%) trailed the front runners. Bitcoin Fear & Greed Index Continues Upswing Market angst stemming from news updates on Russia led to a slide in the index to 20/100 on Monday morning. Responding to Bitcoin\x92s Monday breakout, the index surged to 51/100 this morning. Significantly, the index also moved out of the \x93Extreme Fear\x94 zone and returned to the \x93Neutral\x94 zone. For the Bitcoin bulls, the index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels. For the crypto market, the upside came despite bearish sentiment across the mainstream markets. Monday\x92s moves could prove to be a material one in Bitcoin and the crypto market\x92s status in the global financial markets. Before Monday\x92s rally, Bitcoin had closely tracked the likes of the NASDAQ 100. The correlation had left Bitcoin in the hands of the news wires and the NASDAQ 100 before Monday\x92s decoupling. Bitcoin Price Action At the time of writing, Bitcoin was up by 0.22% to $43,286. Technical Indicators Bitcoin will need to avoid the $41,542 pivot to make a run on the First Major Resistance Level at $45,608. Bitcoin would need broader market support to break through to $45,000. Story continues In the event of another extended rally, the Second Major Resistance Level at $48,030 and resistance at $50,000 would come into play. The Third Major Resistance Level sits at $54,500. A fall through the pivot would bring the First Major Support Level at $39,120 into play. Barring an extended sell-off throughout the day, Bitcoin should avoid sub-$39,000 levels. The Second Major Support Level sits at $35,050. Looking at the EMAs and the 4-hourly candlestick chart (above), it is a less bearish signal. Bitcoin now sits well above the 200-day EMA. The 50-day EMA has narrowed to the 100-day and 200-day EMAs this morning. A bullish cross of the 50-day EMA through the 100-day EMA would bring $50,000 into play. Bitcoin would need to avoid the 200-day EMA, currently at $40,400, to support another breakout day. This article was originally posted on FX Empire More From FXEMPIRE: Coinbase Says No to Freezing Russian Crypto Accounts Binance Rejects Ukraine\x92s Appeal To Freeze Russian Accounts Safe-Haven Buying Boosts Yen Ahead of Manufacturing PMI Data Terra (LUNA) Targets $100 After Testing Resistance at $92 eBay Could Soon Permit Bitcoin, Ethereum, and Altcoin Payments Uncle Sam Turns to Crypto Exchanges to Impede Russian Sanction Evaders', 'Key Insights:\n• Bitcoin (BTC) surged by 14.5% to test resistance at $44,000\n• Monday’s breakout saw Bitcoin decouple from the NASDAQ 100 and broader global equity markets\n• The Bitcoin bulls will now be targeting a return to $50,000\nIt was a bullish start to the week for Bitcoin (BTC) and the broader crypto market. Recovering from an early morning day low of $37,473, Bitcoin surged to a late intraday high of $43,954 before easing back. Resistance at $44,000 pegged Bitcoin back in the final hour of the day.\nReversing a 3.66% slide from Sunday, Bitcoin ended the day up by 14.51% at $43,189.\nIt was also a bullish session for the rest of the crypto top 10.\nLUNAsurged by 26.09% to lead the way, withSOLending the day up by 16.44%.\nADA(+12.49%),AVAX(+12.58%), andETH(+11.65%), also found strong support, whileBNB(+9.88%) andXRP(+8.40%) trailed the front runners.\nMarket angst stemming from news updates on Russia led to a slide in the index to 20/100 on Monday morning. Responding to Bitcoin’s Monday breakout, the index surged to 51/100 this morning. Significantly, the index also moved out of the “Extreme Fear” zone and returned to the “Neutral” zone.\nFor the Bitcoin bulls, the index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels.\nFor the crypto market, the upside came despite bearish sentiment across the mainstream markets. Monday’s moves could prove to be a material one in Bitcoin and the crypto market’s status in the global financial markets.\nBefore Monday’s rally, Bitcoin had closely tracked the likes of the NASDAQ 100. The correlation had left Bitcoin in the hands of the news wires and the NASDAQ 100 before Monday’s decoupling.\nAt the time of writing, Bitcoin was up by 0.22% to $43,286.\nBitcoin will need to avoid the $41,542pivotto make a run on the First Major Resistance Level at $45,608. Bitcoin would need broader market support to break through to $45,000.\nIn the event of another extended rally, the Second Major Resistance Level at $48,030 and resistance at $50,000 would come into play. The Third Major Resistance Level sits at $54,500.\nA fall through the pivot would bring the First Major Support Level at $39,120 into play. Barring an extended sell-off throughout the day, Bitcoin should avoid sub-$39,000 levels. The Second Major Support Level sits at $35,050.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a less bearish signal. Bitcoin now sits well above the 200-day EMA. The 50-day EMA has narrowed to the 100-day and 200-day EMAs this morning. A bullish cross of the 50-day EMA through the 100-day EMA would bring $50,000 into play.\nBitcoin would need to avoid the 200-day EMA, currently at $40,400, to support another breakout day.\nThisarticlewas originally posted on FX Empire\n• Coinbase Says No to Freezing Russian Crypto Accounts\n• Binance Rejects Ukraine’s Appeal To Freeze Russian Accounts\n• Safe-Haven Buying Boosts Yen Ahead of Manufacturing PMI Data\n• Terra (LUNA) Targets $100 After Testing Resistance at $92\n• eBay Could Soon Permit Bitcoin, Ethereum, and Altcoin Payments\n• Uncle Sam Turns to Crypto Exchanges to Impede Russian Sanction Evaders', 'Key Insights:\n• Bitcoin (BTC) surged by 14.5% to test resistance at $44,000\n• Monday’s breakout saw Bitcoin decouple from the NASDAQ 100 and broader global equity markets\n• The Bitcoin bulls will now be targeting a return to $50,000\nIt was a bullish start to the week for Bitcoin (BTC) and the broader crypto market. Recovering from an early morning day low of $37,473, Bitcoin surged to a late intraday high of $43,954 before easing back. Resistance at $44,000 pegged Bitcoin back in the final hour of the day.\nReversing a 3.66% slide from Sunday, Bitcoin ended the day up by 14.51% at $43,189.\nIt was also a bullish session for the rest of the crypto top 10.\nLUNAsurged by 26.09% to lead the way, withSOLending the day up by 16.44%.\nADA(+12.49%),AVAX(+12.58%), andETH(+11.65%), also found strong support, whileBNB(+9.88%) andXRP(+8.40%) trailed the front runners.\nMarket angst stemming from news updates on Russia led to a slide in the index to 20/100 on Monday morning. Responding to Bitcoin’s Monday breakout, the index surged to 51/100 this morning. Significantly, the index also moved out of the “Extreme Fear” zone and returned to the “Neutral” zone.\nFor the Bitcoin bulls, the index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels.\nFor the crypto market, the upside came despite bearish sentiment across the mainstream markets. Monday’s moves could prove to be a material one in Bitcoin and the crypto market’s status in the global financial markets.\nBefore Monday’s rally, Bitcoin had closely tracked the likes of the NASDAQ 100. The correlation had left Bitcoin in the hands of the news wires and the NASDAQ 100 before Monday’s decoupling.\nAt the time of writing, Bitcoin was up by 0.22% to $43,286.\nBitcoin will need to avoid the $41,542pivotto make a run on the First Major Resistance Level at $45,608. Bitcoin would need broader market support to break through to $45,000.\nIn the event of another extended rally, the Second Major Resistance Level at $48,030 and resistance at $50,000 would come into play. The Third Major Resistance Level sits at $54,500.\nA fall through the pivot would bring the First Major Support Level at $39,120 into play. Barring an extended sell-off throughout the day, Bitcoin should avoid sub-$39,000 levels. The Second Major Support Level sits at $35,050.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a less bearish signal. Bitcoin now sits well above the 200-day EMA. The 50-day EMA has narrowed to the 100-day and 200-day EMAs this morning. A bullish cross of the 50-day EMA through the 100-day EMA would bring $50,000 into play.\nBitcoin would need to avoid the 200-day EMA, currently at $40,400, to support another breakout day.\nThisarticlewas originally posted on FX Empire\n• Coinbase Says No to Freezing Russian Crypto Accounts\n• Binance Rejects Ukraine’s Appeal To Freeze Russian Accounts\n• Safe-Haven Buying Boosts Yen Ahead of Manufacturing PMI Data\n• Terra (LUNA) Targets $100 After Testing Resistance at $92\n• eBay Could Soon Permit Bitcoin, Ethereum, and Altcoin Payments\n• Uncle Sam Turns to Crypto Exchanges to Impede Russian Sanction Evaders', 'VANCOUVER, British Columbia, Feb. 28, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (F
**Last 60 Days of Bitcoin's Closing Prices:**
[46306.45, 47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-01
**Financial & Commodity Data:**
- Gold Closing Price: $1942.40
- Crude Oil Closing Price: $103.41
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $827,012,019,817
- Hash Rate: 225221260.29196423
- Transaction Count: 280634.0
- Unique Addresses: 722863.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said Wednesday that private cryptocurrencies andstablecoinsmay not be as practical as well-designed central bank digital currencies (CBDCs).
In her speech delivered at aneventhosted by the Atlantic Council, an American think tank, Georgieva argued that CBDCs could “potentially offer more resilience, more safety, greater availability and lower costs” than stablecoins and “unbacked crypto assets that are inherently volatile.”
As Georgieva pointed out, there has been a global explosion of interest in CBDCs, with nearly 100 countries currently exploring CBDCs at either a research, testing or distribution phase. Georgieva said that the IMF has been “deeply involved” in CBDC research, and has provided “technical assistance” to many member countries as they pursue the development of their own CBDCs.
Through the IMF’s involvement in CBDC development around the world, Georgieva said the organization has learned three lessons.
First, CBDCs aren’t a one-size-fits-all technology. Georgieva told attendees that because each economy is different, CBDCs will play a different role in every country. In nations that are less economically developed, Georgieva suggested that CBDCs could help with financial inclusion, and in others, they could act as a backup payment method.
Second, Georgieva told attendees that the IMF sees both privacy and financial stability as “paramount” to the design of CBDCs. She touted the benefits of CBDCs that are not interest bearing in order to prevent a decline in use of traditional banks, as well as the utility of placing limits on holdings of CBDCs to “prevent sudden outflows of bank deposits into CBDC.”
“In many countries, privacy concerns are a potential deal breaker when it comes to CBDC legislation and adoption,” Georgieva added. “So it’s vital that policymakers get the mix right.”
Privacy concerns around China’s digital yuan – which Georgieva spotlighted in her speech as being one of the six central banks at the “frontier” of CBDC development – did not factor into her speech.
Finally, Georgieva concluded by urging central banks to find “balance” between the design and policy of CBDCs, to consider public-private partnerships to work on features of the CBDCs and to keep financial stability in mind.
Read more:IMF Urges El Salvador to Discontinue Bitcoin’s Legal Tender Status...
- 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.
|
43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27, 41982.93, 39437.46, 38794.97
|
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:**
['Good morning. Here’s what’s happening:\nMarkets:Cryptos continued their momentum from Monday.\nInsights:China\'s interbank payment system lacks the reach to replace SWIFT.\nTechnician\'s take:BTC buyers could remain active at lower support levels, particularly at $40K.\nAndsign up for First Mover,our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$44,224 +2.5%\nEther (ETH):$2,959 +1.7%\nTop Gainers\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+2.7%", "Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+2.1%", "Sector": "Computing"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+1.9%", "Sector": "Smart Contract Platform"}]\nTop Losers\n[{"Asset": "Internet Computer", "Ticker": "ICP", "Returns": "\\u22124.1%", "Sector": "Computing"}, {"Asset": "Filecoin", "Ticker": "FIL", "Returns": "\\u22122.8%", "Sector": "Computing"}, {"Asset": "Bitcoin Cash", "Ticker": "BCH", "Returns": "\\u22121.8%", "Sector": "Currency"}]\nBitcoin, ether and other major cryptocurrencies continued their momentum from Monday even as Russia escalated its efforts to take control of Ukraine.\nOn Tuesday, a 40-mile-long Russian convoy of armored vehicles, tanks and towed artillery chugged relentlessly toward Kyiv. Ukraine\'s capital and Kharkiv, its second largest city, were rocked by rocket explosions as an estimated half-million people, including foreign nationals who study and work in Ukraine, fled the country.\nCrypto\'s performance veered markedly from equities, particularly risk-on stocks. Among the major indexes, the S&P 500 and tech-heavy Nasdaq fell 1.6% and 1.5%, respectively. A number of analysts say that the invasion has highlighted cryptos\' potential usefulness for investors.\nAccording to an estimate by Forklog, a Russian-language crypto news outlet, various organizations raising crypto for Ukraine have received over $58 million in donations over the past six days. And Arcane Research in a Tuesday report wrote that Ukrainians were "buying crypto as never before," fearful that the country\'s banking system "may collapse."\nMeanwhile, Russian investors have been looking at crypto as a workaround to economic sanctions by the European Union and U.S. In its report, Arcane Research wrote of a "massive increase in the ruble pairs on Binance, particularly in USDT," and in bitcoin volume. The group speculated that Russians were seeking "stablecoins to get dollar exposure ahead of possible sanctions directed toward Russian crypto traders," or because "market makers seeking to eliminate their ruble exposure."\nAt the time of publication, bitcoin was trading at about $44,200, up about 3% over the past 24 hours. Ether, the second-largest cryptocurrency by market cap, was changing hands at a little below $3,000, a more than 2% increase. Almost all other altcoins in the CoinDesk top 20 by market cap were trading higher, with SHIB and SAND both up about 5%.\n"Investors are speculating that crypto will become increasingly important as apolitical, trustless money in a time of escalating geopolitical uncertainty," Arcane Research wrote.\nS&P 500: 4,306 -1.5%\nDJIA: 33,294 -1.7%\nNasdaq: 13,532 -1.6%\nGold: $1,945 +1.9%\nWannabe SWIFT competitor CIPS doesn\'t have the reach to help Russia much\nAs the reality of sanctions sinks in for Russia – an energy superpower and a top 15, global economy – so do the warnings that this is a moment for China’s financial infrastructure to shine.\nChina’s Cross-Border Interbank Payment System (CIPS) can step up to the occasion to replace the SWIFT interbank messaging service, argued some observers, for Russian banks that are now disconnected from the world.\n“When payment systems are politicized, then you have to be sure you\'re on the right side of the leviathan at all times,” ishow one ex-venture capitalistput it in his Twitter thread.\n(It\'s unclear if the civilians in Ukraine who are being bombed think of their situation as being "politicized" or have a stronger term for it.)\nDespite numerous calls that these sanctions are the beginning of the twilight of dollar hegemony, China’s financial infrastructure just isn’t up to the task of replacing it.\nIt’s important to remember just how small CIPS really is.\nAccording to datapublished on its website, the service pushed through 388 billion RMB, or $61 billion a day, in February.Binancedoes that in turnover in less than 72 hours, and FTX, another crypto exchanges, does it in 18 days.\nOf course, those comparisons are specious; Binance CEO Changpeng Zhou and FTX Trading CEO Sam Bankman-Fried aren’t our new financial overlords. They just run exchanges. We aren’t going to pay for things in Binance’s BNB or BUSD tokens.\nBut the idea that CIPS could seriously compete with SWIFT is also specious when some crypto exchanges are already larger entities.\nThe system still relies on SWIFT for messaging (the bank-to-bank ledgers that show fund transfers). While CIPS can do transfers within China and Hong Kong, moving funds abroad requires SWIFT’s rails. And that’s going to make the whole operation redundant as sanctioned Russian banks can’t touch SWIFT.\nSo then how big is CIPS compared to SWIFT? Really, really small.\nAccording to its own stats, SWIFT pushes through 50 million messages a day compared with CIPS\' 15,000. And its daily volume? SWIFT messagesenable $5 trillionto move worldwide each day.\nSWIFT counts 11,000 members as institutions. CIPS has 75 direct participants and 1,205 indirect participants. There just isn’t a comparison in size and scale.\nIf there’s a ‘bull case’ for CIPS rocketing to the moon and taking on SWIFT, there’s also a case – maybe even a stronger one – of Ripple’s RippleNet messaging service doing the same. Yes, the same Ripple that’sbeing suedby the U.S. Securities and Exchange Commission. Ripple CEO Brad Garlinghouse recently reported on Twitter that the network is about toeclipse the $10 billion markin volume and continues to grow.\nThe important thing is that the underlying currencies used on the RippleNet are liquid. China’s yuan is not. For CIPS to challenge the world, there needs to be a freely convertible currency behind it.\nBitcoin Bounce Stalls, Resistance Between $44K and $46K\nBitcoin has rallied 13% over the past week as bearish sentiment waned. The cryptocurrency, however, faces immediate resistance at $44,000 to $46,000, which could stall the price recovery over the short term.\nThe relative strength index (RSI) on the four-hour chart is overbought, similar to what occurred in early February, which preceded a pullback in price. This time, however, there has been a significant loss of downside momentum, which means buyers could remain active at lower support.\nFor now, bitcoin is stuck in a range of between $37,000 and $46,000, pointing to a potential reversal of a three-month-long downtrend. That means buyingvolumewill need to increase on pullbacks in order to cause a shift in trends.\n8:30 a.m. HKT/SGT (12:30 a.m. UTC): Australia gross domestic product (Q4/MoM/YoY)\n3:45 p.m. HKT/SGT (7:45 a.m. UTC): France budget\n5 p.m. HKT/SGT (9 a.m. UTC):U.S. Opec meeting\n10:30 p.m. HKT/SGT (2:30 p.m. UTC):Speechby James Bullard, president of the Federal Reserve Bank of St. Louis.\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nHow Is Ukraine Using Crypto To Fight Russia? Ukrainian Government Receives Crypto Donations Worth $16.8M\n"First Mover" went to Ukraine for on-the-ground interviews as the war with Russia intensified. Guests included Michael Chobanian, founder of Ukrainian crypto exchange Kuna, Ukrainian lawyer Artem Afian, who has close ties to Ukraine government officials, and Tanvi Ratna of Policy 4.0. Also, CoinDesk Managing Editor for Global Policy and Regulation Nik De discussed U.S. sanctions and Starlink terminals arriving in Ukraine.\n\'Absolutely Surreal\': Inside a Fund Raising Millions in Crypto for Besieged Ukraine:The Unchain fund has raised $1.8 million and plans to launch a DAO this week, even as team members live with sirens, explosions and artillery barrage following the Russian invasion.\nBitcoin HODLers Unfazed by Macro and Geopolitical Risks:These three charts show investors are holding onto their cryptocurrency for future profits rather than selling.\nUkraine\'s Defense Ministry Decides Where Crypto Funds Are Spent:The government\'s crypto fund has received donations worth $16.8 million.\nUkraine Asks Binance, Coinbase, 6 Other Crypto Exchanges to Block Russian Users:Earlier today, U.S. authorities added regulations aimed at thwarting the use of digital currencies and assets to evade sanctions.\nElectric Capital Raises $1B for 2 New Crypto VC Funds:Long-term investing and public goods will be a focus for the two new funds from what had been a smaller player in the world of crypto VC.\nNFTs Are the Latest Crypto Tax Events Nobody Understands:Casual collectors may be in for a rude awakening this year. This piece is part of CoinDesk\'s Tax Week.\nToday\'s crypto explainer:5 Essential Questions About Crypto Taxes\nOther voices:National Security Implications of Virtual Currency(Rand Corporation)\n"Harder than it might sound for Russia to use #crypto in skirting sanctions🏦 - Liquidity = big issue 💸(h/t @ashgoblue ) - Global exchanges on high alert for sanctioned accts, subject to KYC/ AML rules 👀- Transactions are traceable." (CNBC correspondent Kate Rooney) ... "On the train to from Lviv to Krakow, a violinist plays for the packed train car during a journey that took ~28 hours, said Sofia Kedruk, who arrived in Krakow Monday and shot this video while on the train. #ukraine." (Katelyn Ferral, USA reporter covering the Russian invasion) ... "Fake news is often less about getting people wholeheartedly to believe a false narrative, than simply sowing distrust of credible facts and institutions. It’s a messy business, and one that needs serious investigation." (CoinDesk columnist Daniel Kuhn)', 'Good mo
**Last 60 Days of Bitcoin's Closing Prices:**
[47686.81, 47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-02
**Financial & Commodity Data:**
- Gold Closing Price: $1920.90
- Crude Oil Closing Price: $110.60
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $837,928,669,538
- Hash Rate: 189074638.2697972
- Transaction Count: 288657.0
- Unique Addresses: 731603.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Crypto has long been flagged as a potential money-laundering tool, but now it could have found its ultimate use case. Sanctions are mounting against Russia and some of its elites by the U.S. and its allies on the back of Russia invading Ukraine and kick-starting Europe’s biggest crisis since World War II. The crypto market crash seems to be exploding the myth that alternative currencies are a goldlike “safe haven,” but they could well be a safe haven for billionaires facing huge financial penalties. In a Thursday address, President Biden said the U.S. and its allies would limit Russia’s ability to do business “in dollars, euros, pounds, and yen.” Biden also said he would block four more Russian banks that hold more than $1 trillion in assets. Members of the Russian elite and their family members have been sanctioned, Biden said, opening the door for them to pour into alternative asset classes such as crypto. “These are people who personally gained from the Kremlin’s policies and they should share in the pain,” Biden said in his address . And indeed it may be easier to obfuscate any income in cryptocurrencies, thanks to the anonymity they provide. Unlike traditional currencies, cryptocurrencies can be sent from one person to another without going through third-party intermediaries like banks that can potentially freeze the assets. “Neither dictators nor human rights activists will encounter any censor on the Bitcoin network,” Matthew Sigel, head of digital assets research at investment manager VanEck, told Bloomberg . Cryptocurrency transactions can also sometimes hide in plain sight. Although all transactions are recorded on a digital ledger called the blockchain, the data is tied to crypto wallet addresses, a string of letters and numbers that isn’t necessarily tied to an individual. Users can open multiple wallets and send cryptocurrency between their many wallets to make their transaction history harder to trace. This crypto transferring is what Ilya “Dutch” Lichtenstein and Heather “the Crocodile of Wall Street” Morgan were accused of doing in an alleged attempt to launder $4.5 billion in stolen cryptocurrency. According to an affidavit, law enforcement officers seized a file on Lichtenstein’s cloud drive containing a list of 2,000 virtual currency addresses , along with corresponding private keys. Story continues The trouble that Lichtenstein and Morgan ran into, which could become a problem for anyone trying to hide their transactions with crypto, is exchanging their virtual assets to fiat currency like U.S. dollars. Still, Brett Harrison, president of crypto exchange FTX US, told Bloomberg that because of the technology for tracking and screening wallets from sanctioned countries, changing cryptocurrency to dollars on a centralized exchange is not easy. “As soon as it moves anywhere, everyone can see it because it's on a public blockchain, but even if they could move it, no exchange will let them convert this to a currency and the second they do they are caught,” Harrison told Bloomberg. This story was originally featured on Fortune.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.
|
42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27, 41982.93, 39437.46, 38794.97, 38904.01
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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:**
['• Solana (SOL) rose by 2.03% on Wednesday to close out the day at $100.65.\n• Increased Solana-based NFT activity was market positive mid-week.\n• Indicators have become more bullish supporting a run at $110 levels.\nSolana (SOL) bucked the broader crypto market trend on Wednesday. Reversing a 1.10% loss from Tuesday, Solana rose by 2.03% to end the day at $100.65. It was Solana’s first close at $100 since 16thFebruary.\nThe upside on the day came despite bearish sentiment hitting the broader crypto market. A pickup in Solana-basedNFTactivity provided support mid-week.\nWith Solana puttingpower outage issuesbehind it, several NFT launches have drawn market interest. On Wednesday, NFT marketplace DeepRedSkylauncheda Donald Trump Solana-based NFT collection. The Trump collection followed recentnewsof Solana-based NFTs on sale at NYC vending machines.\nOvernight,newsof Sony and Universal joining the Solana NFT marketplace Snowcrash was also positive.\nAt the time of writing, Solana was down by 0.48% to $100.27.\nSolana will need to break out from the $100.27pivotto make a run on the First Major Resistance Level at $105.73 and Wednesday’s high $106.37.\nIn the event of another extended rally, the Second Major Resistance Level at $110.83 will come into play. The Third Major Resistance Level sits at $120.33.\nFailure to break out from the pivot would bring the First Major Support Level at $96.21 into play. Barring an extended sell-off throughout the day, Solana should avoid sub-$90 levels. The Second Major Support Level at $91.77 should limit the downside.\nTheEMAsand the 4-hourly candlestick chart (above) show a more bullish signal. Solana currently sits below the 200-day EMA at $100.58. However, the 50-day EMA has narrowed on the 100-day EMA, with the 50-day and 100-day EMAs narrowing on the 200-day EMA. A bullish cross of the 50-day EMA through the 100-day EMA would put the Major Resistance levels in play.\nAvoiding the 100-day EMA, currently at $95.00, would support further upside.\nThisarticlewas originally posted on FX Empire\n• EU Eyeing Cryptocurrencies in Efforts to Bolster Sanctions on Russia\n• Crude Rally Loses Steam as Price Moves Ahead of Fundamentals\n• Is Bitcoin’s Counter-trend Rally Still on Track?\n• E-mini S&P Buyers Eyeing 4455.00 – 4538.50 Retracement Zone\n• BlockFi Suffers Lawsuit From Users After the $100M Penalty From SEC\n• E-mini NASDAQ Trading Inside Major Retracement Zone', 'Key Insights: Solana (SOL) rose by 2.03% on Wednesday to close out the day at $100.65. Increased Solana-based NFT activity was market positive mid-week. Indicators have become more bullish supporting a run at $110 levels. Solana ( SOL ) bucked the broader crypto market trend on Wednesday. Reversing a 1.10% loss from Tuesday, Solana rose by 2.03% to end the day at $100.65. It was Solana\x92s first close at $100 since 16 th February. The upside on the day came despite bearish sentiment hitting the broader crypto market. A pickup in Solana-based NFT activity provided support mid-week. Solana-Based NFT Activity Grabs the Crypto Headlines With Solana putting power outage issues behind it, several NFT launches have drawn market interest. On Wednesday, NFT marketplace DeepRedSky launched a Donald Trump Solana-based NFT collection. The Trump collection followed recent news of Solana-based NFTs on sale at NYC vending machines. Overnight, news of Sony and Universal joining the Solana NFT marketplace Snowcrash was also positive. SOL Price Action At the time of writing, Solana was down by 0.48% to $100.27. Technical Indicators Solana will need to break out from the $100.27 pivot to make a run on the First Major Resistance Level at $105.73 and Wednesday\x92s high $106.37. In the event of another extended rally, the Second Major Resistance Level at $110.83 will come into play. The Third Major Resistance Level sits at $120.33. Failure to break out from the pivot would bring the First Major Support Level at $96.21 into play. Barring an extended sell-off throughout the day, Solana should avoid sub-$90 levels. The Second Major Support Level at $91.77 should limit the downside. The EMAs and the 4-hourly candlestick chart (above) show a more bullish signal. Solana currently sits below the 200-day EMA at $100.58. However, the 50-day EMA has narrowed on the 100-day EMA, with the 50-day and 100-day EMAs narrowing on the 200-day EMA. A bullish cross of the 50-day EMA through the 100-day EMA would put the Major Resistance levels in play. Story continues Avoiding the 100-day EMA, currently at $95.00, would support further upside. This article was originally posted on FX Empire More From FXEMPIRE: EU Eyeing Cryptocurrencies in Efforts to Bolster Sanctions on Russia Crude Rally Loses Steam as Price Moves Ahead of Fundamentals Is Bitcoin\x92s Counter-trend Rally Still on Track? E-mini S&P Buyers Eyeing 4455.00 \x96 4538.50 Retracement Zone BlockFi Suffers Lawsuit From Users After the $100M Penalty From SEC E-mini NASDAQ Trading Inside Major Retracement Zone', '• Bitcoin (BTC) slips back as the crypto market responds to FED Chair Powell’s Testimony on Capitol Hill.\n• Demand for riskier assets left Bitcoin in the red.\n• Downside risks remain as markets await the White House Executive Order.\nIt was a bearish day for Bitcoin (BTC) on Wednesday. Bitcoin briefly hit $45,000 levels with a day high of $45,070 before falling back to test support at $43,500.\nPartially reversing a 2.87% gain from Tuesday, Bitcoin fell by 1.11% to end the day at $43,935.\nIt was another mixed session for the rest of the crypto top 10.\nLUNAandSOLrose by 3.05% and 2.03%, respectively, to lead the way.BNBalso avoided the red, up by 0.15%.\nADA(-2.49%),AVAX(-4.12%), andETH(-0.98%) andXRP(-2.01%) struggled.\nFollowing Wednesday’s rise to 52/100 in response to Bitcoin’s bullish start to the week, the index slid back to 39/100 this morning. The reversal saw the index fall back into the “Fear” zone.\nFor the Bitcoin bulls, the index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels.\nOnce more, Bitcoin broke ranks with the NASDAQ 100 and broader market risk sentiment on the day. FED monetary policy was in focus on Wednesday, with FED Chair Powell delivering testimony on Capitol Hill.Talkof a more cautious move later this month spurred demand for riskier assets. Powell told lawmakers: “there are events yet to come and we don’t know what the real effect on the U.S. economy will be.” The FED Chair reportedly added that he favored a 25 basis point rate hike in March and then larger and more frequent rate hikes if needed.\nCrypto market reaction to FED Chair Powell’s testimony was evident and in stark contrast to January’smarket reactionto more hawkish than expected FOMC meeting minutes. Wednesday’s reaction further reinforces Bitcoin’s recent shift to a “risk-off” asset.\nAway from FED monetary policy, downside risks linger. On the regulatory front, we are looking out for the White HouseExecutive Orderon cryptos.\nAt the time of writing, Bitcoin was flat at $43,933.\nBitcoin will need to move through the $44,131pivotto make a run on the First Major Resistance Level at $44,874. Bitcoin would need broader market support to break through to $44,500.\nIn the event of another extended rally, the Second Major Resistance Level at $45,813 and resistance at $46,500 would come into play. The Third Major Resistance Level sits at $47,495.\nFailure to move through the pivot would bring the First Major Support Level at $43,192 into play. Barring an extended sell-off throughout the day, Bitcoin should avoid sub-$42,000 levels. The Second Major Support Level at $42,449 should limit the downside.\nLooking at theEMAsand the 4-hourly candlestick chart (above), it is a bullish signal. Bitcoin continues to sit well above the 50-day EMA. The 50-day EMA has pulled away from the 200-day after the bullish cross through the 200-day EMA. A bullish cross of the 100-day EMA through the 200-day EMA would bring the Major Resistance levels into play.\nAvoiding the 50-day EMA, currently at $41,000, would support further upside.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Prices Rise Ahead of Inventory Report\n• EU Eyeing Cryptocurrencies in Efforts to Bolster Sanctions on Russia\n• Bitcoin (BTC) U-Turns on FED Chair Powell Policy Outlook\n• AUD/USD Reaction to .7261 – .7331 Sets Near-Term Direction\n• E-mini S&P Buyers Eyeing 4455.00 – 4538.50 Retracement Zone\n• E-mini NASDAQ Trading Inside Major Retracement Zone', '• Bitcoin (BTC) slips back as the crypto market responds to FED Chair Powell’s Testimony on Capitol Hill.\n• Demand for riskier assets left Bitcoin in the red.\n• Downside risks remain as markets await the White House Executive Order.\nIt was a bearish day for Bitcoin (BTC) on Wednesday. Bitcoin briefly hit $45,000 levels with a day high of $45,070 before falling back to test support at $43,500.\nPartially reversing a 2.87% gain from Tuesday, Bitcoin fell by 1.11% to end the day at $43,935.\nIt was another mixed session for the rest of the crypto top 10.\nLUNAandSOLrose by 3.05% and 2.03%, respectively, to lead the way.BNBalso avoided the red, up by 0.15%.\nADA(-2.49%),AVAX(-4.12%), andETH(-0.98%) andXRP(-2.01%) struggled.\nFollowing Wednesday’s rise to 52/100 in response to Bitcoin’s bullish start to the week, the index slid back to 39/100 this morning. The reversal saw the index fall back into the “Fear” zone.\nFor the Bitcoin bulls, the index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels.\nOnce more, Bitcoin broke ranks with the NASDAQ 100 and broader market risk sentiment on the day. FED monetary policy was in focus on Wednesday, with FED Chair Powell delivering testimony on Capitol Hill.Talkof a more cautious move later this month spurred demand for riskier assets. Powell told la
**Last 60 Days of Bitcoin's Closing Prices:**
[47345.22, 46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-03
**Financial & Commodity Data:**
- Gold Closing Price: $1934.40
- Crude Oil Closing Price: $107.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $824,738,152,044
- Hash Rate: 204908164.05639085
- Transaction Count: 268244.0
- Unique Addresses: 701198.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.39
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SAN DIEGO, CA / ACCESSWIRE / February 1, 2022 /HERMESUS, a recognized blockchain technology company within the global markets, today announced that it has agreed to list the Woodcoin cryptocurrency (ticker:LOG) via multiple trading pairs on the Hermesus Exchange. Cryptocurrency traders seeking to diversify their holdings to include LOG tokens will now be able to acquire and trade LOG tokens atHermesus.com.
"In connection with opening new client trading accounts this quarter, we are pleased to announce that we are adding new cryptocurrencies to our trading platform," stated Colin Breeze, CEO at Hermesus. "Increasing the trading options for new and experienced users helps us differentiate our platform and improve our clients' user experience."
Woodcoin Foundation's Executive Director Lukas Saul added, "we are pleased to see the crypto community adopt Woodcoin and increase its availability across exchanges, particularly in the United States. We look forward to seeing more users adopt our LOG token as a store of value."
The Hermesus crypto assets trading platform has been built from the ground up, leveraging cutting-edge proprietary software and an intuitive user interface, purpose-built for compliance and digital asset protection. Hermesus offers a wide range of high liquidity digital currency pairs, including Bitcoin (BTC), Ethereum (ETH), Cordano (ADA), Solana (SOL), and Dogecoin (DOGE) among others.
About Woodcoin Foundation
Woodcoin Foundation supports the enhancement and development of the Woodcoin infrastructure and its use cases. Woodcoin and its underlying blockchain were launched in 2014 as an improvement over existing store-of-value tokens owing to superior architecture and smoother reward curve, which allow Woodcoin to be mined longer with fewer and slower reductions in mining rewards. For more information, please visitWoodcoin.org.
About Hermesus
Hermesus is a US-based blockchain technology company offering professional grade, convenient, and innovative digital asset trading via fast and efficient execution as well as custody. For more information, please visitHermesus.com.
Contact:[email protected]
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's development plans and business outlook, which can be identified by terminology such as "may," "will," "expects," "anticipates," "aims," "potential," "future," "intends," "plans," "believes," "estimates," "continue," "likely to" and other similar expressions. Such statements are not historical facts, and are based upon the Company's current beliefs, plans and expectations, and the current market and operating conditions. Forward-looking statements involve inherent known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance, and achievements to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date indicated, and the Company undertakes no obligation to update or revise the information contained in any forward-looking statements as a result of new information, future events or otherwise, except as required under applicable law. There is no guarantee that the Company's operation of its cryptocurrency exchange will improve the Company's financial performance or results of operations. Shareholders are cautioned not to place undue reliance on this press release, or the forward-looking statements contained herein.
SOURCE:Hermesus.com
View source version on accesswire.com:https://www.accesswire.com/686532/Hermesuscom-Crypto-Exchange-Announces-Listing-of-Woodcoin-Trading-Pairs...
- 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.
|
39137.61, 39400.59, 38419.98, 38062.04, 38737.27, 41982.93, 39437.46, 38794.97, 38904.01, 37849.66
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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:**
['Boy George has revealed his first NFT project CryptoQueenz. Photo: Mike Marsland/WireImage (Mike Marsland via Getty Images) Boy George needs no introduction, the iconoclast has sculpted his creative persona across the worlds of music, fashion and art. Now the "Karma Chameleon" has transformed himself again, this time to become the "Crypto Chameleon" as he "enters the interesting world of NFTs (non-fungible token), far from the snobbery of the art establishment\x94. The legendary Culture Club frontman performed his first gig in the Metaverse at the weekend and took the opportunity to reveal his first NFT project, CryptoQueenz . Boy George has become the latest star to take to the virtual stage of the Vegas City Flamingos Club and emphasised the \x93potential for surrealist digital adventure\x94 with NFTs and the Metaverse . The icon of 80s pop superstardom has spent several months creating a series of NFT generative artwork. The digital pieces are based on his Scarman designs and the official drop took place in the premier Opensea NFT marketplace on 1 March. Each digital canvas is programmed to transfer a percentage of sales to the Elton John Aids Foundation and Shelter charities. Watch: Boy George explains why he is drawn to the world of NFT art Boy George spoke to Yahoo Finance UK about his enthusiastic involvement in this digital frontier, where the coders of the crypto "Wild West" meet the curators of the art world. He said NFTs \x93are widening the idea of who can sell and who can create a piece of art as well as making it easier for people to express themselves\x94. To explain the excitement around NFTs he recalled an online conversation he had with David Bowie in the 90s when many people thought the internet wouldn\x92t last. Reflecting on that early dial-up chat he said: \x93But look at us now, we all live digital lives.\x94 He likened those early days of the internet with the restless energy surrounding the current web3 space, with its NFTs, disruptive cryptocurrencies and the developing Metaverse, that exists beyond the physical world in which we live. Story continues Boy George next to his artwork for the Rankin WaterAid pop-up exhibition launch in February 2022 in London. Photo: Stuart C. Wilson/Getty (Stuart C. Wilson via Getty Images) Read more: How Google is making inroads into the crypto ecosystem The songwriter said that if Bowie, Dali and Picasso were alive today they would \x93be in the thick of it and saying they invented NFTs\x94. He emphasised that we are now experiencing the early days of a new creative movement, saying: \x93What is exciting about the Metaverse and NFTs is where it will go, what will it be and what will it turn into?\x94 This enthusiasm is shared by Justin Sun , the founder of the Tron blockchain, who told Yahoo Finance UK that the \x93Metaverse offers so many new possibilities by removing all physical limitations and online art exhibitions are so much more fun than physical ones in many ways, for example, people can fly and can interact with a computer-generated environment and other audiences and visitors from another corner of the world\x94. Watch: Bowie, Dali and Picasso would be heavily involved in NFTs, says Boy George Tabish Khan , visual arts editor at the Londonist told Yahoo Finance UK that the art world is starting to take notice of this disruptive technology. \x93NFTs are a hot market right now and a lot of artists are dipping their toe into it,\x94 he said. Lead singer of Russian protest punk rock and performance art group Pussy Riot Nadya Tolokonnikova helped launch a series of NFTs of the Ukrainian flag with all proceeds from the crypto sale going straight to humanitarian and defence missions within the embattled country. Boy George was quick to follow with an auction of an ultra-rare CryptoQueenz NFT, with all proceeds going to the International Committee of the Red Cross, Médecins Sans Frontières and Voices of Children charities. The difference between a traditional charitable fundraiser and an NFT one is that the crypto version uses a publicly visible distributed ledger. Blockchain-based fund transfers are fully transparent and all transactions from donor to the recipient can be monitored and traced. Lead singer of Pussy Riot Nadya Tolokonnikova helped launch a series of NFTs of the Ukrainian flag with all proceeds from the crypto sale going straight to humanitarian and defence missions within the embattled country. Photo: Sergio Flores/AFP via Getty (SERGIO FLORES via Getty Images) However, NFTs have been met with a mixed reception from the art establishment. \x93NFTs receive a lot of negative remarks from those in the art world and some of it is justified by their carbon footprint, the scattergun quality of NFTs available at the moment and the often ludicrous prices they are selling for. "On the other hand, there\'s always pushback from the notoriously closed art world to any form of new media.\x94 He said the new technology was giving the art world jitters of anxiety because \x93NFTs have bypassed established galleries and collectors, these galleries and collectors were in denial at first, but are now starting to accept them as they try to catch up\x94. Sun said the traditional art world is resistant to the changes that NFTs are instigating, \x93as people are afraid of being obsolete and irrelevant\x94, but change is inevitable as it was only last year when people in the art world \x93kept saying NFTs were just a bubble that would burst quickly\x94. Read more: \x91Netflix killers\x92: How crypto film start-ups are using the blockchain to disrupt Hollywood An NFT is a one-of-a-kind crypto asset which enables collectors to authenticate, own and trade original authenticated versions of special digital goods using blockchain technology. They can be anything digital from drawings and paintings to music, but they can also be applied to a physical item. NFTs cannot be replicated or substituted, and can only have one official owner at any given time. They are stored in tamper-proof digital ledgers on the blockchain and when an NFT is bought, the buyer receives a certificate secured in blockchain technology, which makes them the owner of that specific digital asset. Watch: Boy George - NFTs will disrupt the established art world Most NFTs are typically held on the Ethereum blockchain, but other blockchains support them too. Because of their limited supply, a scarcity is engendered giving NFTs resale value and a price appreciation over time. Proponents of NFTs say this technology provides the opportunity for digital self-expression and the ability to exhibit work in an art market that is open to a worldwide audience while cutting out intermediaries. Most NFT artwork has taken on the aspects of the environment in which they exist, so there is a propensity for nostalgic, pixel-based artwork. But now more exciting possibilities are being manifested with artwork that is created algorithmically by artificial intelligence, such as the Aivatars of American photographer Trey Ratcliff. There is also a sub-genre of visual representation of the blockchain itself, called "On-chain Art", such as the CryptoArte collection. Each NFT artwork in the collection \x93represents 576 consecutive blocks of the Ethereum blockchain through a meaningful combination of shapes, colours, decorations\x94, according to the CryptoArte website. Read more: Can you live in London for 24hrs using only bitcoin? One CryptoArte NFT currently stands at 0.125 ETH ( ETH-USD ), or approximately £250. Artists are now experimenting with the form and moving past NFTs that are digital alternatives to artworks created using traditional mediums, such as digital illustration, sculpture and paintings. The use of artificial intelligence and automated systems in the creative process has been called "generative art" and utilises computer algorithms and large sets of data to independently determine the features of an NFT piece. These artists use coding as well as artistic skills to create their pieces. NFTs are currently suffering alongside the rest of the cryptocurrency ecosystem, with many fearing the market could be spiralling into the long-anticipated \x93Crypto Winter\x94. Last week the daily trading volume across NFT markets dropped by 76% compared to its peak at the beginning of February. NTF supporters hope they will receive mass adoption with NFT marketplaces like OpenSea, Nifty Gateway and Rarible becoming household names alongside eBay ( EBAY ) and Amazon ( AMZN ). OpenSea is the world\x92s largest NFT marketplace. Photo: Florence Lo/Reuters (Florence Lo / reuters) However, there are risks involved as $1.7m worth of NFTs were stolen from 32 users in a phishing attack on the world\x92s largest NFT marketplace, OpenSea, in February. In October OpenSea was hacked and $2.7m of NFTs were stolen. Despite this, global NFT market capitalisation grew from $69m to $16bn in the last year. Most of the value across all NFT marketplaces is held within PFPs, or profile picture artworks, according to data from NFTGo. This category amounts to 55% of all the value within the market and is the domain of valuable digital assets as Cryptopunks, Bored Ape Yacht Club and Art Blocks. This is where the real money flows and the success of PFPs suggest NFTs have more in common with collectable trading cards, such as baseball or Pokemon cards than with fine art. Read more: Bitcoin: Top 10 \'buy the dip\' investors This is why NFT artists rarely produce singular, unique pieces, but tend to create collections of "unique" sets of 1,000 or 10,000. Creating limited sets of NFTs has allowed for the formation of exclusive communities of owners who are incentivised to promote their NFT to increase its value. If a community can get a celebrity to buy in, then the value of every NFT in the series sky-rockets. Bored Ape Yacht Club members now include Eminem and Paris Hilton. A more recent NFT collection called World of Women now includes c
**Last 60 Days of Bitcoin's Closing Prices:**
[46458.12, 45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-04
**Financial & Commodity Data:**
- Gold Closing Price: $1965.10
- Crude Oil Closing Price: $115.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $803,190,658,088
- Hash Rate: 190365286.6455021
- Transaction Count: 262101.0
- Unique Addresses: 675228.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Russian President Vladimir Putin signed decrees recognizing the independence of the Donetsk People's Republic and Luhansk People's Republic, both of which are located in eastern Ukraine's Donbas region.
U.S. President Joe Biden responded by promising an executive order banning U.S. citizens from engaging in investment, trade, and finance with the so-called DNR and LNR. The Biden Administration further warned that these measures are but a warm-up for sanctions planned in conjunction with allies in the event of further Russian escalation.
European Commission President Ursula von der Leyen calls the Russian action a "blatant violation of international law, the territorial integrity of Ukraine and theMinsk agreements."
U.S. markets are closed for the Presidents' Day holiday, but futures are trading and sunk to session lows following the news, with the Nasdaq 100 down 1.9% and the S&P 500 off 1.25%. Bitcoin had managed to climb to over $39,000 after dropping to a three-week low of $37,200 early Monday morning, but has now dipped back to $38,200.
UPDATE 2/21 4:48 p.m. ET:Financial Times Moscow Bureau Chief Max Seddon reportsPutin has ordered Russian troops into the DNR and LNR regions of Ukraine on "peacekeeping missions."...
- 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.
|
39400.59, 38419.98, 38062.04, 38737.27, 41982.93, 39437.46, 38794.97, 38904.01, 37849.66, 39666.75
|
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:**
['The Majors The European majors nosedived in the week ending 4 th March, with Russia’s invasion of Ukraine delivering the worst week since 2020. The EuroStoxx600 tumbled by 7.00%, with the CAC40 and the DAX ending the week down by 10.11% and by 10.23%, respectively. Economic data took a back seat once more, with Russia’s bombing of civilian targets and capture of Europe’s largest nuclear plant hitting market risk sentiment. Failure by the West to defuse the situation with hefty sanctions also added to the market angst. The Stats Private sector PMIs for February and the German economy were in focus throughout the week. Better than expected private sector PMI numbers for Italy and Spain were market positive. With France and Germany also seeing private sector activity pick up in February, the Eurozone’s composite PMI increased from 52.3 to 55.5. From Germany, the unemployment rate fell from 5.1% to 5.0%, with Germany’s trade surplus widening from €8.1bn to €9.4bn in January. Other stats included finalized February inflation figures for member states and the Eurozone and retail sales and unemployment numbers for the Eurozone. The numbers failed to draw interest, however. From the U.S Private sector PMIs and nonfarm payrolls were the key stats of the week. In February, the ISM Manufacturing PMI rose from 57.6 to 58.6, while the Non-Manufacturing PMI fell from 59.9 to 56.5. While the services PMI disappointed, nonfarm payrolls jumped by 678k in February. As a result of another marked increase in hiring, the unemployment rate fell from 4.0% to 3.8%. FED monetary policy was in focus on Wednesday, with FED Chair Powell delivering testimony on Capitol Hill. Talk of a more cautious move later this month spurred demand for riskier assets. Powell told lawmakers: “ there are events yet to come and we don’t know what the real effect on the U.S. economy will be .” The FED Chair reportedly added that he favored a 25 basis point rate hike in March and then larger and more frequent rate hikes if needed. Story continues From Elsewhere Private sector PMIs from China were also market positive. In February, the all-important Caixin Manufacturing PMI rose from 49.1 to 50.4, with the services PMI up from 49.1 to 50.4. The Market Movers From the DAX , it was a particularly bearish week for the auto sector. Continental and Volkswagen tumbled by 21.76% and by 22.03%, with BMW and Daimler ending the week down by 16.95% and by 19.51%, respectively. It was a dire week for the banking sector. Deutsche Bank slumped by 22.98%, with Commerzbank tumbling by 26.81%. From the CAC , it was a grim week for the banks. Soc Gen slumped by 26.85%, with BNP Paribas and Credit Agricole ending the week with losses of 16.85% and 17.33%, respectively. Things were not better for the French auto sector. Stellantis NV slid by 18.14%, with Renault down 24.32%. Air France-KLM ended the week down by 13.30%, with Airbus sliding by 16.24%. On the VIX Index It was back into the green for the VIX in the week ending 4 th March, marking the 5 th rise in 8 weeks. Reversing a 0.58% decline from the previous week, the VIX rose by 15.91% to end the week at 31.98. 3-days in the green from 5 sessions, which included a 9.28% rise on Monday and a 10.51% jump on Tuesday delivered the upside. For the week, the NASDAQ slid by 2.78%, with the Dow and the S&P500 falling by 1.30% and 1.27%, respectively. The Week Ahead It’s another busy week ahead on the Eurozone economic calendar . The German economy will be in focus, with retail sales, factory orders, and industrial production due out. For the Eurozone, 4 th quarter GDP numbers should have a muted impact on the majors on Tuesday. On the monetary policy front, the ECB monetary policy decision and press conference on Thursday will likely overshadow the stats, however. Surging fuel prices amidst the current inflation environment coupled with Russia’s invasion of Ukraine brings significant economic and policy uncertainty. With the ECB in focus, the EU Leaders Summit late in the week will also be a key driver. From the U.S, inflation and jobless claims figures will draw interest, with inflation likely to have the greater impact. Stats from China will also provide direction, with trade data and inflation figures due out. While the stats will draw interest, geopolitics will remain the key driver. The markets will be looking for some progress towards ending Russia’s invasion of Ukraine. A continued Russian escalation will deliver another blow to the European majors. This article was originally posted on FX Empire More From FXEMPIRE: Another Bitcoin Core Update Could Roll Out in April USD/CAD Dips as the Loonie Breaks Out War in Ukraine Weighs Down on Germany’s Growth Prospects in 2022 Bitcoin Mining Difficulty Drops Amid Retail Accumulation The Weekly Wrap – Russia Drives Dollar Demand as Riskier Assets Sink Bitcoin (BTC) Sinks to sub-$40,000 Amidst Heightened Risk Aversion', 'The European majors nosedived in the week ending 4thMarch, with Russia’s invasion of Ukraine delivering the worst week since 2020.\nThe EuroStoxx600 tumbled by 7.00%, with the CAC40 and the DAX ending the week down by 10.11% and by 10.23%, respectively.\nEconomic data took a back seat once more, with Russia’s bombing of civilian targets and capture of Europe’s largest nuclear plant hitting market risk sentiment. Failure by the West to defuse the situation with hefty sanctions also added to the market angst.\nPrivate sector PMIs for February and the German economy were in focus throughout the week.\nBetter than expected private sector PMI numbers for Italy and Spain were market positive. With France and Germany also seeing private sector activity pick up in February, the Eurozone’s composite PMI increased from 52.3 to 55.5.\nFrom Germany, the unemployment rate fell from 5.1% to 5.0%, with Germany’s trade surplus widening from €8.1bn to €9.4bn in January.\nOther stats included finalized February inflation figures for member states and the Eurozone and retail sales and unemployment numbers for the Eurozone. The numbers failed to draw interest, however.\nPrivate sector PMIs and nonfarm payrolls were the key stats of the week.\nIn February, the ISM Manufacturing PMI rose from 57.6 to 58.6, while the Non-Manufacturing PMI fell from 59.9 to 56.5.\nWhile the services PMI disappointed, nonfarm payrolls jumped by 678k in February. As a result of another marked increase in hiring, the unemployment rate fell from 4.0% to 3.8%.\nFED monetary policy was in focus on Wednesday, with FED Chair Powell delivering testimony on Capitol Hill. Talk of a more cautious move later this month spurred demand for riskier assets. Powell told lawmakers: “there are events yet to come and we don’t know what the real effect on the U.S. economy will be.” The FED Chair reportedly added that he favored a 25 basis point rate hike in March and then larger and more frequent rate hikes if needed.\nPrivate sector PMIs from China were also market positive. In February, the all-important Caixin Manufacturing PMI rose from 49.1 to 50.4, with the services PMI up from 49.1 to 50.4.\nFrom the DAX, it was a particularly bearish week for the auto sector.ContinentalandVolkswagentumbled by 21.76% and by 22.03%, withBMWandDaimlerending the week down by 16.95% and by 19.51%, respectively.\nIt was a dire week for the banking sector.Deutsche Bankslumped by 22.98%, withCommerzbanktumbling by 26.81%.\nFrom the CAC, it was a grim week for the banks.Soc Genslumped by 26.85%, withBNP ParibasandCredit Agricoleending the week with losses of 16.85% and 17.33%, respectively.\nThings were not better for the French auto sector.Stellantis NVslid by 18.14%, withRenaultdown 24.32%.\nAir France-KLMended the week down by 13.30%, withAirbussliding by 16.24%.\nIt was back into the green for theVIXin the week ending 4thMarch, marking the 5thrise in 8 weeks.\nReversing a 0.58% decline from the previous week, the VIX rose by 15.91% to end the week at 31.98.\n3-days in the green from 5 sessions, which included a 9.28% rise on Monday and a 10.51% jump on Tuesday delivered the upside.\nFor the week, the NASDAQ slid by 2.78%, with the Dow and the S&P500 falling by 1.30% and 1.27%, respectively.\nIt’s another busy week ahead on the Eurozoneeconomic calendar. The German economy will be in focus, with retail sales, factory orders, and industrial production due out. For the Eurozone, 4thquarter GDP numbers should have a muted impact on the majors on Tuesday.\nOn the monetary policy front, the ECB monetary policy decision and press conference on Thursday will likely overshadow the stats, however. Surging fuel prices amidst the current inflation environment coupled with Russia’s invasion of Ukraine brings significant economic and policy uncertainty. With the ECB in focus, the EU Leaders Summit late in the week will also be a key driver.\nFrom the U.S, inflation and jobless claims figures will draw interest, with inflation likely to have the greater impact. Stats from China will also provide direction, with trade data and inflation figures due out.\nWhile the stats will draw interest, geopolitics will remain the key driver. The markets will be looking for some progress towards ending Russia’s invasion of Ukraine. A continued Russian escalation will deliver another blow to the European majors.\nThisarticlewas originally posted on FX Empire\n• Another Bitcoin Core Update Could Roll Out in April\n• USD/CAD Dips as the Loonie Breaks Out\n• War in Ukraine Weighs Down on Germany’s Growth Prospects in 2022\n• Bitcoin Mining Difficulty Drops Amid Retail Accumulation\n• The Weekly Wrap – Russia Drives Dollar Demand as Riskier Assets Sink\n• Bitcoin (BTC) Sinks to sub-$40,000 Amidst Heightened Risk Aversion', 'Founders Fund has garnered a lot of money from investors; it has also returned quite a bit of capital. A lot of the action on both fronts has happened very recently. Yesterday, the 17-year-old outfit took the wraps off more than $5 billion in fresh capita
**Last 60 Days of Bitcoin's Closing Prices:**
[45897.57, 43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-05
**Financial & Commodity Data:**
- Gold Closing Price: $1965.10
- Crude Oil Closing Price: $115.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $750,720,288,438
- Hash Rate: 168452735.66472492
- Transaction Count: 225321.0
- Unique Addresses: 594977.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.22
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Nio (NYSE: NIO ) had an incredible 2021, posting record-high deliveries. Despite its stellar performance, NIO stock has had a forgettable year, losing 45% in the last three months. It has taken a hammering in line with the recent correction in the tech sector. After a momentous run at the market, NIO stock has taken a much-needed pause and is as attractive as ever. A Nio (NIO) sign and logo on a tan concrete building. Source: Sundry Photography / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading Tips The bears have been quick to pounce on the apparent slowdown in the company’s performance. However, the reality is that Nio is looking to revamp its production facilities to prepare for the massive growth in demand for its existing and upcoming cars. In addition, it seems like Nio is beginning to explore the opportunity of launching a smartphone product specifically designed for car users. In the not too distant future, we might see a device with tech that complements and enhances the user’s experience on long journeys. The EV maker is hiring professionals in the mobile phone field, fueling speculation regarding the new segment. In related news, Nio will announce its full-year and fourth-quarter performance figures near the end of March . The company will be releasing more info about its future strategies in the earnings report. This news is something to look forward to, because the company plans on developing new projects and products that will pop the stock price. 7 Long-Term Stocks to Buy Now and Hold Forever The EV maker is calling for a strong sales year and expects $9.5 billion this year. Current predictions don’t account for its long-term potential in the under-served sedan niche and its prospects in other markets. As geopolitical tensions ease and we have more clarity on interest rates, NIO stock could rise massively in the coming quarters. Making Sense of the February Delivery Numbers Nio has reported its latest figures for deliveries in February. The number of cars delivered by the company increased by 9.9% year over year. Sales for the first two months increased 23% compared to the same period last year. Story continues The Covid-19 outbreaks and the Beijing 2022 Winter Olympics have caused a decrease in spending during China’s prosperous Lunar New Year holiday period, which has always been a crucial time for retailers. These businesses provide transportation and even hotels. Last year authorities issued various requirements to prevent the Covid-19 virus from spreading, such as requiring multiple tests, approval from a company’s CEO, and quarantining those who come back from areas that are high risk. Therefore, delivery numbers should start recovering and moving northwards once again in the coming months. Strong Year Ahead For NIO Stock This year, Nio’s foray into the sedan market will be a major narrative for its investors. The ET7 is set to be launched in China. The car is a full-size luxury sedan likely to be found in multiple territories. The ET5 is a mid-size sedan and will be on the market a little later in the year. The car has achieved the highest pre-order volume in the company’s history. The ramp of both vehicles will start slowly. It will pick up the pace during the second half. Nio plans to launch a new affordable brand . The EV maker is looking to release a model that can be cheaper and more accessible to the masses in China. Nio’s products are made with quality in mind and come at a higher price. The premium market has been quicker to adopt electric vehicles. The new brand is aimed at lower-end buyers and is intended to compete with more budget-friendly car manufacturers. And as I touched upon earlier, it is important to highlight the company’s ambitions in the smartphone space. Cars are gaining greater integration with phones and bringing internet connectivity features to buyers. Risks to the Thesis Nio plans to issue shares on the Hong Kong and Singapore stock exchanges. Preliminary approval for listing on the Hong Kong Stock Exchange has been granted. The company anticipates trading could commence as soon as March 10. This opens up investment opportunities to more people, but it’s important to consider the company’s ability to keep up with the demands of these new exchanges. In addition, readers who have kept up with the issues surrounding DiDi Global (NYSE: DIDI ) know how regulatory pressure is sharp for Chinese companies listed on U.S. exchanges. Relations between the U.S. and China have been poor, which has affected many Chinese stocks. Nevertheless, multiple risks need to be considered with Nio. Perhaps the biggest threat is that it fails to meet production and delivery ramp goals. From a macro-economic standpoint, the Chinese economic slowdown and new Covid-19 variants are likely to weigh down the stock. Moreover, China has reduced subsidies for new EVs by roughly 30% , affecting demand this year. Bottom Line on NIO Stock Due to the broad-based tech sell-off, NIO stock has undergone an utterly undeserved pricing drop. The company is doing well. It will be launching new products and exploring other markets soon. Expect another solid year for the company. The current opportunity to purchase the stock is one you can’t miss. China has always been a profitable market for auto manufacturers, and it’s only getting more lucrative over time. The government is supporting the EV sector in a big way and has made some serious changes to attract investors to this emerging industry. More companies will soon be entering China to take advantage of the opportunity. But Nio is well-positioned to claim a leading share in the market. With its impressive growth prospects in China and Europe, NIO stock is a great value play. The future of the electric vehicle industry is very promising. That is why investors need to start buying into it now. On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . More From InvestorPlace Get in Now on Tiny $3 ‘Forever Battery’ Stock It doesn’t matter if you have $500 in savings or $5 million. Do this now. Stock Prodigy Who Found NIO at $2… Says Buy THIS Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The post NIO Stock Is Gearing Up for a Great Year With Many Near-Term Catalysts appeared first on InvestorPlace ....
- Reddit Posts (Sample): [['u/TechLover7777', "Let's look at the new Reward Rates for ICY/Rose GOLD members effective 4/4 with COOL MINDS", 25, '2022-03-05 00:36', 'https://www.reddit.com/r/Crypto_com/comments/t6w3r8/lets_look_at_the_new_reward_rates_for_icyrose/', "After the first 30k is locked in Tier 1, here are the rates in Tier 2, correct? Want to make sure so that if we are shopping around, these are the rates we compare to for an apples to apples comparison:\n\nBTC:Flexible: **2%**; 1 month: **4.25%**(4.5/2 + 2); 3 months: **5.25%**(6.5/2 + 2)\n\nETH:Flexible: **3%**; 1 month: **4.5%**(5/2 + 2); 3 months: **5.5%**((7/2 + 2)\n\nUSDC:Flexible: **4%**; 1 month: **6%**(8/2 + 2); 3 months:: **7%**(10/2 + 2)\n\nAs a consolation, this goes to show that for ICY/Rose GOLD members out there, the rates didn't get cut in half, but maybe more like 30-40% for BTC/ETH and 50% for Stablecoins.\n\nDon't get me wrong, I am just as upset as everyone else. But, just want to make sure that as a group we are collectively aligned in our understanding.", 'https://www.reddit.com/r/Crypto_com/comments/t6w3r8/lets_look_at_the_new_reward_rates_for_icyrose/', 't6w3r8', [['u/ParticularAtmosphere', 19, '2022-03-05 00:46', 'https://www.reddit.com/r/Crypto_com/comments/t6w3r8/lets_look_at_the_new_reward_rates_for_icyrose/hzdv6r8/', 'Celsius has similar or better rates with no 3 months lock in and not $40k staking requirements. Just leaving this here.\n\nEdit: spelling', 't6w3r8'], ['u/TechLover7777', 11, '2022-03-05 00:53', 'https://www.reddit.com/r/Crypto_com/comments/t6w3r8/lets_look_at_the_new_reward_rates_for_icyrose/hzdw491/', 'That is correct. 50% cut on 1mo and 3mo terms in Earn only. Plus rates are getting updated(lowered) as of 4/4.', 't6w3r8']]], ['u/002timmy', 'How To Tell If You Take Crypto Too Seriously', 19, '2022-03-05 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/t6wad0/how_to_tell_if_you_take_crypto_too_seriously/', 'So a couple days, I was feeling a bit silly and decided to make a post about a balance portfolio (you can find it in my portfolio). It was a shit post through and through, flaired comedy with the title "A Balanced Portfolio Should Consist of at least 70% BTC, 60% ETH, 30% top 15 alts, 20% stables, and 10% low cap" (so 190% total). It was very clearly a satirical post.\n\nAnyways, I enjoyed a lot of the comments and some clever redditors gave me quite the chuckle adding to my joke. However, there were a bunch of comments with people called me an idiot for not knowing how to do math or giving actual financial advice. The made me curious as to how many people understood I was making a joke and how many took me seriously.\n\nI decided to actually quantify these results. The post has over 900 comments, but I thought it would be best to just look at the initial comments. Of those, there were 527 (at the time I looked). I broke the comments into 4 large categories- knew it was a joke (irrespective of their feelings towards the joke), people who made a comment about the math being wrong with a serious tone, people who gave serious financial advice/genuine comment or shilled a project, and people who commented but added nothing, such as the one word comment "no."\n\nHere are the results- 49% (257/527) of comments understood it was a joke. 23% (120/527) made a comment about the math, with about 20% of the 23% being actually aggressive and angry (LOL). 21% (110/527) made a genuine comment, gave portfolio advice, or shilled a project 4% (20/527) added absolutely nothing to the discussion and I could not tell where they stood with regards to understanding the post.\n\nHere\'s the point- if you read everything in this sub literally, you\'re going to miss out on so much of life. Reading critically isn\'t only about skepticism at a claim, it\'s also recognizing what is playful and what is actually wrong. Additionally, if you\'re not able to have fun, you\'ll have a tougher time convincing people you are right, even when you are right.\n\nCrypto is a technology that will certainly make life better, but we also need to remember to have a laugh along the way.', 'https://www.reddit.com/r/CryptoCurrency/comments/t6wad0/how_to_tell_if_you_take_crypto_too_seriously/', 't6wad0', [['u/jreyn1993', 11, '2022-03-05 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/t6wad0/how_to_tell_if_you_take_crypto_too_seriously/hzdvt11/', '68% liked the post, 49% disliked the post and 238% had no overriding opinion', 't6wad0']]], ['u/[deleted]', 'Can I get a citizenship in el Salvador and sell my bitcoin tax free?', 221, '2022-03-05 01:43', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/', "So if I wanted to profit off my btc holdings, can I just get an el salvador citizenship and sell btc tax free? Because if so, wouldn't it be bette to have BTC and move to el savlador instead of wait until you are 59 for your roth?", 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/', 't6xex6', [['u/rokman', 12, '2022-03-05 01:45', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hze39ti/', 'You could look into taking out collateralize loans , this is also a tax write off', 't6xex6'], ['u/Guswanicarbohydrate', 16, '2022-03-05 02:18', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hze7pu6/', 'Sell Bitcoin for what? What would you rather own than Bitcoin?', 't6xex6'], ['u/Teh_ogre', 23, '2022-03-05 02:42', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzeav99/', 'You only pay capital gains on any income over $40k, If you are married it is $80k. So if I make $30k this year I can cash out $49k of long term assets tax free.', 't6xex6'], ['u/YaBoiSparty', 235, '2022-03-05 02:47', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzebl6u/', "What the fuck. Leave the empire so here's a fine get fucked", 't6xex6'], ['u/YaBoiSparty', 73, '2022-03-05 02:51', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzec1em/', "Yeah that's insane dude straight up theft", 't6xex6'], ['u/N7DJN8939SWK3', 52, '2022-03-05 02:51', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzec240/', 'Beach front property', 't6xex6'], ['u/Old_Cockroach_2993', 19, '2022-03-05 03:10', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzeekf7/', "Cock suckers tax you for leaving? Holy shit. Anyways if I'm reading it right you gotta be worth quite a bit for them to tax you. 2 million networth or make about 170K a year but fuck if I know. I can't even figure out my regular taxes lol.", 't6xex6'], ['u/Guswanicarbohydrate', 18, '2022-03-05 03:12', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzeeve2/', 'Just rent beachfront property. Maybe pay rent with Bitcoin if you must. Hold onto your Bitcoin as long as possible.', 't6xex6'], ['u/Mysterious_Donut_556', 26, '2022-03-05 03:27', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzegt23/', 'Puerto Rico', 't6xex6'], ['u/Random-Person-crypto', 14, '2022-03-05 03:27', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzegxo5/', 'What is $170k a year and $2m net worth when a small plot of land in middle of Kansas has inflated to be worth $2 million minimum and the average wage is $200k? Interesting how we pegged regulations to fiat prices when the buying power of that fiat can be changed at will by the governance who maintain these regulations. It is almost like they already have us in the trap and they just need to lull us into subservience.', 't6xex6'], ['u/SpockSays', 11, '2022-03-05 04:15', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzen3yd/', '“Land of the free” - what a joke', 't6xex6'], ['u/N7DJN8939SWK3', 16, '2022-03-05 04:25', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzeocbf/', 'Fuck the grandkids, I can ride out the inch or two a year. Yolo', 't6xex6'], ['u/allovertheplaces', 43, '2022-03-05 04:39', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzeq4ny/', 'Eh, is it? Sure the hardcore “taxation is theft” people would agree with you. \n\nBut look at it this way - You grow up in the states, benefiting from our free education, our investments in infrastructure, the peace we enjoy (by bombing other countries but whatevs), and you eventually start a business and benefit again from all those things plus labor that’s reasonably well educated etc. \n\nThen you try to take it all and walk…\n\nYeah, taxing you on the way out makes sense. Research “capital flight” if you have questions.', 't6xex6'], ['u/OnCryptoFIRE', 12, '2022-03-05 04:53', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzerrne/', 'If you made "money" while being an American citizen, then will have to do a final cash out and pay the exit tax based on the value of all of your assets.\n\nHad you gave up citizenship first, became a Salvadorian citizen, made money, bought BTC, then you could sell tax free.', 't6xex6'], ['u/Lucho358', 22, '2022-03-05 05:05', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_el_salvador_and_sell/hzet7zi/', '>free education\n\n?????\n\n>investments in infrastructure\n\n?????\n\n>bombing other countries\n\nAhhh yes. It makes sense to tax you in the way out so they can drop more bombs. Cool.', 't6xex6'], ['u/Walternotwalter', 11, '2022-03-05 05:09', 'https://www.reddit.com/r/Bitcoin/comments/t6xex6/can_i_get_a_citizenship_in_e...
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.
|
38419.98, 38062.04, 38737.27, 41982.93, 39437.46, 38794.97, 38904.01, 37849.66, 39666.75, 39338.79
|
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:**
['Editor\'s note: USA TODAY is doing additional vetting of one or more of the charities previously mentioned in this column. As world leaders have cautioned for weeks, Russian President Vladimir Putin has launched what President Joe Biden called an “unprovoked and unjustified attack” on neighboring Ukraine. The military operation has triggered international condemnation, with fears of mass casualties, and many are looking to support the Ukrainian people in some capacity, with donations that go toward medical supplies, humanitarian aid, psychological services, military equipment and other causes. A handful of vetted nonprofit organizations have been shared by journalists for those looking to help, with various sites, apps, social media pages, and crowdfunding initiatives to provide monetary aid for various charities and platforms. A few to consider: GAS PRICES: Will they keep rising after Russia invasion of Ukraine? Here\'s what we know NOT JUST FOR ZOOM: 5 ways to use your webcam other than meetings Bitcoin donations to Come Back Alive Foundation Founded in 2014, the Kyiv-based Come Back Alive Foundation is one of the largest charities in Ukraine, primarily fundraising for Ukraine’s military, to aid soldiers and volunteers with supplies, including equipment (thermographic cameras and night vision devices), drones, personal body protection and specialized software. Co-organizer of the Invictus Games in Ukraine since 2019, Come Back Alive is a nongovernmental organization that also supports training, psychological assistance, medical help, and other projects. Its Facebook page shares stories, photos, and videos. To contribute from abroad, the charity accepts secure money transfers, and crypto donations (Bitcoin), but the Patreon option has since been removed for violating the platform’s policies ( read why here ). Contributing: Marc Saltzman Ukrainians gather for "Mariupol is Ukraine" on Feb. 22, 2022. Army SOS Similarly, Army SOS uses donated funds to support Ukrainian soldiers in various ways. Story continues As detailed on its website and Facebook page , the Army SOS Citizen’s Initiative manages purchases of necessary ammunition, shields, intercommunication and reconnaissance facilities, uniforms and food supply. “We deliver all goods directly to the unit’s emplacement and pass them right to the hands of our warriors,” the Army SOS website says. Red Cross Donations made to the Ukraine crisis support humanitarian work in the country. The International Committee of the Red Cross and Ukrainian Red Cross Society support food-producing initiatives and infrastructure repair (including water-pumping stations), as well as rebuilding damaged homes, and providing aid to hospitals, schools, mental health facilities and community centers. Money can be sent as a one-time donation or monthly contribution to the cause. Revived Soldiers Ukraine With a goal “to provide aid to the people of Ukraine, so that they may fulfill fundamental rights and freedoms,” RSU is a nonprofit whose programs are mostly focused on medical rehabilitation. As outlined at its website and Facebook page , donations ( through PayPal ) assist severely injured soldiers by supporting medical help and rehabilitation; treat hospital patients wounded in conflict by supplying emergency medical aid and supplies; and satisfy housing needs to soldiers of Ukraine and their families, among other efforts. Other Ukrainian charities Razom for Ukraine and Sunflower of Peace are both recommended through a crowdsourced list of fundraisers and charities put together by Ukrainian journalists. Collected funds go toward purchasing and distributing first aid kits and medical supply packs to the doctors and volunteers who treat soldiers on the frontlines, and medical rehabilitation for those who are injured. To help children affected by war, Voices of Children is a charitable foundation that provides psychological and psychosocial support to children, “to help them overcome the consequences of armed conflict,” per its website. Donations , which can be made with a credit card or Google Pay account, go toward art therapy, psychologists to help children in boarding schools, family therapy, and more. Follow Marc on Twitter for his “Tech Tip of the Day” posts: @marc_saltzman . Or subscribe to his weekly Tech It Out podcast at https://marcsaltzman.com/podcasts . Tech tips BUDGET SMARTPHONES. Find a great phone at a good price KEEP YOUR PLAYLISTS. How to move your music from Spotify, Apple Music, other platforms PROTECT YOUR PHONE. How to save battery life . LOVE WORDLE? These four games are like Wordle but with a twist. This article originally appeared on USA TODAY: Help Ukraine: You can donate to send support with these websites, apps', 'Editor\'s note: USA TODAY is doing additional vetting of one or more of the charities previously mentioned in this column. As world leaders have cautioned for weeks, Russian President Vladimir Putin has launched what President Joe Biden called an “unprovoked and unjustified attack” on neighboring Ukraine. The military operation has triggered international condemnation, with fears of mass casualties, and many are looking to support the Ukrainian people in some capacity, with donations that go toward medical supplies, humanitarian aid, psychological services, military equipment and other causes. A handful of vetted nonprofit organizations have been shared by journalists for those looking to help, with various sites, apps, social media pages, and crowdfunding initiatives to provide monetary aid for various charities and platforms. A few to consider: GAS PRICES: Will they keep rising after Russia invasion of Ukraine? Here\'s what we know NOT JUST FOR ZOOM: 5 ways to use your webcam other than meetings Bitcoin donations to Come Back Alive Foundation Founded in 2014, the Kyiv-based Come Back Alive Foundation is one of the largest charities in Ukraine, primarily fundraising for Ukraine’s military, to aid soldiers and volunteers with supplies, including equipment (thermographic cameras and night vision devices), drones, personal body protection and specialized software. Co-organizer of the Invictus Games in Ukraine since 2019, Come Back Alive is a nongovernmental organization that also supports training, psychological assistance, medical help, and other projects. Its Facebook page shares stories, photos, and videos. To contribute from abroad, the charity accepts secure money transfers, and crypto donations (Bitcoin), but the Patreon option has since been removed for violating the platform’s policies ( read why here ). Contributing: Marc Saltzman Ukrainians gather for "Mariupol is Ukraine" on Feb. 22, 2022. Army SOS Similarly, Army SOS uses donated funds to support Ukrainian soldiers in various ways. Story continues As detailed on its website and Facebook page , the Army SOS Citizen’s Initiative manages purchases of necessary ammunition, shields, intercommunication and reconnaissance facilities, uniforms and food supply. “We deliver all goods directly to the unit’s emplacement and pass them right to the hands of our warriors,” the Army SOS website says. Red Cross Donations made to the Ukraine crisis support humanitarian work in the country. The International Committee of the Red Cross and Ukrainian Red Cross Society support food-producing initiatives and infrastructure repair (including water-pumping stations), as well as rebuilding damaged homes, and providing aid to hospitals, schools, mental health facilities and community centers. Money can be sent as a one-time donation or monthly contribution to the cause. Revived Soldiers Ukraine With a goal “to provide aid to the people of Ukraine, so that they may fulfill fundamental rights and freedoms,” RSU is a nonprofit whose programs are mostly focused on medical rehabilitation. As outlined at its website and Facebook page , donations ( through PayPal ) assist severely injured soldiers by supporting medical help and rehabilitation; treat hospital patients wounded in conflict by supplying emergency medical aid and supplies; and satisfy housing needs to soldiers of Ukraine and their families, among other efforts. Other Ukrainian charities Razom for Ukraine and Sunflower of Peace are both recommended through a crowdsourced list of fundraisers and charities put together by Ukrainian journalists. Collected funds go toward purchasing and distributing first aid kits and medical supply packs to the doctors and volunteers who treat soldiers on the frontlines, and medical rehabilitation for those who are injured. To help children affected by war, Voices of Children is a charitable foundation that provides psychological and psychosocial support to children, “to help them overcome the consequences of armed conflict,” per its website. Donations , which can be made with a credit card or Google Pay account, go toward art therapy, psychologists to help children in boarding schools, family therapy, and more. Follow Marc on Twitter for his “Tech Tip of the Day” posts: @marc_saltzman . Or subscribe to his weekly Tech It Out podcast at https://marcsaltzman.com/podcasts . Tech tips BUDGET SMARTPHONES. Find a great phone at a good price KEEP YOUR PLAYLISTS. How to move your music from Spotify, Apple Music, other platforms PROTECT YOUR PHONE. How to save battery life . LOVE WORDLE? These four games are like Wordle but with a twist. This article originally appeared on USA TODAY: Help Ukraine: You can donate to send support with these websites, apps', 'Key Insights: Bitcoin (BTC) fails to revisit $40,000 with downside risks lingering. Increased government scrutiny and the widening ban on Russian crypto accounts could test sentiment towards cryptos. The broader crypto market found support despite Russia\x92s invasion of Ukraine going into day 10. A 3-day losing streak came to an end for Bitcoin ( BTC ) on Saturday. Another return to sub-$39,000 levels was brief, with Bitcoin closing out at the $39,000 level for a 2 nd consecutive da
**Last 60 Days of Bitcoin's Closing Prices:**
[43569.00, 43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-06
**Financial & Commodity Data:**
- Gold Closing Price: $1965.10
- Crude Oil Closing Price: $115.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $734,563,863,250
- Hash Rate: 179409011.15511352
- Transaction Count: 207116.0
- Unique Addresses: 555454.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.22
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The year 2022 will be full of regulatory activity on the crypto front. This time, FDIC (Federal Deposit Insurance Corporation)announcedthat the evaluation of crypto-asset risks is a priority for 2022.
Explaining the necessity to evaluate crypto-related risks, FDIC stated:
The rapid introduction of a variety of crypto-asset or digital asset products into the financial system could pose significant safety and soundness and financial system risks.
In this light, FDIC believes that federal banking agencies should evaluate the “extent to which banking organizations can safely engage in crypto-asset-related activities”.
Obviously, FDIC is not the only regulator that is worried about the potential impact of the fast spread of crypto-related activities. On February 15, the U.S. Senate willdiscussstablecoins likeTetherorUSD Coinand their impact on the financial markets.
It remains to be seen whether this year’s regulatory activity will have a negative impact on cryptocurrencies. At first glance, more obstacles and more scrutiny for crypto projects will put pressure on the speed of their development.
However, increased regulatory activity signals that crypto gained sufficient adoption and is ready to find its place in the traditional financial system.
One thing is certain: traders will have to keep a close eye on the regulators’ words and actions as they may have a significant impact on crypto markets in the longer term.
I’d note that the market has become insensitive to regulatory news in recent weeks. Instead, traders focused on general risk appetite which was understandable given inflation worries and rising Treasury yields.
The leading coins,BitcoinandEthereum, gained plenty of ground in recent days, and crypto markets are trying to establish an upside trend after the strong pullback. Most likely, leading cryptocurrencies will remain immune to regulatory news in the upcoming days as traders focus on the potential continuation of the current rebound.
Thisarticlewas originally posted on FX Empire
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• Softbank Backed Startup to Add Crypto Trading, Challenges Coinbase...
- 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.
|
38062.04, 38737.27, 41982.93, 39437.46, 38794.97, 38904.01, 37849.66, 39666.75, 39338.79, 41143.93
|
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:**
['Cryptocurrency is not yet a widely accepted substitute for fiat currency like the U.S. dollar. But some high-profile names in politics, entertainment and sports might be helping to change that by accepting some or all of their salaries and bonusesin crypto.\nThe reasons behind this choice vary from individual to individual. Some view getting paid in cryptocurrency as an investment in the future price appreciation of the asset class, while others see it as a way to publicize cryptocurrency. Still others view it as a way to break free from the oversight of the federal government. Whatever the reason, it\'s generally wise for only the wealthy to commit to receiving a salary in cryptocurrency, because it involves enormous risks.\nLearn More:The Pros and Cons of Getting Paid in CryptocurrencyBitcoin and Crypto Taxes in 2022:What You Need To Know\nMost Americans live paycheck-to-paycheck, and their budgets are built around the regular salaries they receive. But, if you were to receive your wages in cryptocurrency, you could never anticipate how much your check would actually be. Within literal moments of receiving your pay, its value might drop by 10%, 20% or more.\nAlthough you may get lucky and see the value of your paycheck rise, perhaps even dramatically, the risk of getting paid a significantly smaller amount than you anticipate can wreak havoc on your personal budget. In some cases, you might even have to file bankruptcy. That\'s not the type of risk most Americans should be taking with their primary source of income.\nFor wealthy celebrities, politicians and sports figures, however, taking some or all of their pay in cryptocurrency can simply be a way to have fun or to speculate on an exciting new asset class.Here are some of the most prominent public figures that have publicly disclosed that they would take some or all of their salary in cryptocurrency.\nCrypto pay:Portion of salary\nOn Nov. 1, 2021, Aaron Rodgers made headlines when he tweeted "I believe in Bitcoin & the future is bright. That\'s why I\'m teaming up with Cash App to take a portion of my salary in bitcoin today." While the exact amount of his payment was not disclosed -- and the statement was made as part of a promotional campaign for Cash App -- Rodgers is one of the most well-known celebrities to get paid with Bitcoin.\nCrypto pay:One paycheck\nFrancis Suarez, the mayor of Miami, announced in November 2021 that he would take his next paycheck in Bitcoin, and he expressed the desire to pay the city\'s 4,000 employees in cryptocurrency as well. As with NYC Mayor Eric Adams, Suarez took the step to promote his city as a cryptocurrency hub. He also wants other cities to join the movement, asking mayors to "sign on to a mayoral crypto compact."\nCrypto pay:Album sales\n50 Cent was one of the first public figures to accept Bitcoin as salary when he accepted the crypto as payment for his album "Animal Ambition" way back in 2014, when Bitcoin was worth just $662. Now hovering at about $39,000, the 700 or so Bitcoin he earned at the time sports a current value of about $27.3 million. Whether he still holds all of that Bitcoin is unknown, but as 50 Cent posted on Instagram, "Not bad for a kid from South Side. I\'m so proud of me."\nDecisions:Should You Keep Your Money in the Bank or Invest in Crypto?\nThis article originally appeared onGOBankingRates.com:Aaron Rodgers, NYC Mayor Eric Adams and More Big Names Earning Crypto Salaries', 'DFree / Shutterstock.com Cryptocurrency is not yet a widely accepted substitute for fiat currency like the U.S. dollar. But some high-profile names in politics, entertainment and sports might be helping to change that by accepting some or all of their salaries and bonuses in crypto . The reasons behind this choice vary from individual to individual. Some view getting paid in cryptocurrency as an investment in the future price appreciation of the asset class, while others see it as a way to publicize cryptocurrency. Still others view it as a way to break free from the oversight of the federal government. Whatever the reason, it\'s generally wise for only the wealthy to commit to receiving a salary in cryptocurrency, because it involves enormous risks. Learn More: The Pros and Cons of Getting Paid in Cryptocurrency Bitcoin and Crypto Taxes in 2022: What You Need To Know Most Americans live paycheck-to-paycheck, and their budgets are built around the regular salaries they receive. But, if you were to receive your wages in cryptocurrency, you could never anticipate how much your check would actually be. Within literal moments of receiving your pay, its value might drop by 10%, 20% or more. Although you may get lucky and see the value of your paycheck rise, perhaps even dramatically, the risk of getting paid a significantly smaller amount than you anticipate can wreak havoc on your personal budget. In some cases, you might even have to file bankruptcy. That\'s not the type of risk most Americans should be taking with their primary source of income. For wealthy celebrities, politicians and sports figures, however, taking some or all of their pay in cryptocurrency can simply be a way to have fun or to speculate on an exciting new asset class. Here are some of the most prominent public figures that have publicly disclosed that they would take some or all of their salary in cryptocurrency . DFree / Shutterstock.com Aaron Rodgers, Green Bay Packers QB Crypto pay: Portion of salary Story continues On Nov. 1, 2021, Aaron Rodgers made headlines when he tweeted "I believe in Bitcoin & the future is bright. That\'s why I\'m teaming up with Cash App to take a portion of my salary in bitcoin today." While the exact amount of his payment was not disclosed -- and the statement was made as part of a promotional campaign for Cash App -- Rodgers is one of the most well-known celebrities to get paid with Bitcoin. Steve Sanchez/Pacific Press/Shutterstock Andrew Harnik/AP/Shutterstock Francis Suarez, Miami mayor Crypto pay: One paycheck Francis Suarez, the mayor of Miami, announced in November 2021 that he would take his next paycheck in Bitcoin, and he expressed the desire to pay the city\'s 4,000 employees in cryptocurrency as well. As with NYC Mayor Eric Adams, Suarez took the step to promote his city as a cryptocurrency hub. He also wants other cities to join the movement, asking mayors to "sign on to a mayoral crypto compact." John Bazemore/AP/Shutterstock Russell Okung, former NFL player Andrew H. Walker/Sugar Factory/Shutterstock 50 Cent, rapper Crypto pay: Album sales 50 Cent was one of the first public figures to accept Bitcoin as salary when he accepted the crypto as payment for his album "Animal Ambition" way back in 2014, when Bitcoin was worth just $662. Now hovering at about $39,000, the 700 or so Bitcoin he earned at the time sports a current value of about $27.3 million. Whether he still holds all of that Bitcoin is unknown, but as 50 Cent posted on Instagram, "Not bad for a kid from South Side. I\'m so proud of me." Decisions: Should You Keep Your Money in the Bank or Invest in Crypto? Ken McKay/ITV/Shutterstock Mel B, performing artist CP DC Press / Shutterstock.com Lionel Messi, Argentine soccer legend Sue Ogrocki/AP/Shutterstock Cade Cunningham, top NBA draft pick This article originally appeared on GOBankingRates.com : Aaron Rodgers, NYC Mayor Eric Adams and More Big Names Earning Crypto Salaries', 'Good morning. Here’s what’s happening:\nInsights:A Singapore advisory and investment firm considers the three parts of ESG equally important in investing.\nPrices:Bitcoin and most major altcoins were in the red on Sunday.\nTechnician\'s take:BTC is in a wide trading range with strong overhead resistance. Technical indicators are mostly neutral.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis.\nAndsign up for First Mover,our daily newsletter putting the latest moves in crypto markets in context.\nBitcoin (BTC):$38,408 -2.4%\nEther (ETH):$2,550 -4.1%\nTop Gainers\n"\nThere are no gainers in CoinDesk 20 today.\n"\nTop Losers\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22129.3%", "Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.2%", "Sector": "Smart Contract Platform"}, {"Asset": "Internet Computer", "Ticker": "ICP", "Returns": "\\u22124.8%", "Sector": "Computing"}]\nCryptos Has a Lost Weekend\nBitcoin began falling late Friday and continued to drop through the early part of the weekend before coming to a temporary rest at about $39,000. At the time of publication, the largest cryptocurrency by market capitalization was trading below $38,500. Ether and major altcoins were in the red on Sunday.\nBitcoin\'s decline began as bad news throughout last week quashed even the faintest hopes of a resolution to the Russian onslaught and erased gains from earlier in the week when investors saw Ukraine and Russia\'s separate use of crypto as proof of its potential.\n"The drop on Friday was a reversion to prices that shot up when people believed there might be more of an escape to crypto in the wake of fiat banks and payment gateways in Russia and Ukraine restricting access," Joe DiPasquale, CEO of fund manager BitBull Capital, wrote in a text to CoinDesk. "The price would be buoyed if there were a de-escalation with the Russia/Ukraine conflict."\nThat seemed unlikely on Sunday as Russia continued its brutal attacks against Ukraine with Russian President Vladimir Putin rejecting all overtures for a ceasefire, even to a targeted truce that would allow citizens of Mariupol, a besieged port of roughly 500,000 people, to flee. Russia has been targeting Mariupol and other Black Sea ports to isolate Ukraine\'s southern coast with its access to shipping and industry.\nRussian forces pounded other major Ukraine cities with artillery and rocket fire, according to multiple reports. In one instance, mortar fired killed a mother and two
**Last 60 Days of Bitcoin's Closing Prices:**
[43160.93, 41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-07
**Financial & Commodity Data:**
- Gold Closing Price: $1993.90
- Crude Oil Closing Price: $119.40
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $740,760,851,812
- Hash Rate: 202691096.5721893
- Transaction Count: 255441.0
- Unique Addresses: 648259.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.23
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This past Friday, BuzzFeed News’ Katie Notopoulos published a story revealing the identities of “Gordon Goner” and “Gargamel” – the two pseudonymous founders of Yuga Labs, the company behind the Bored Ape Yacht Club NFT project. “Gordon Goner” is Wylie Aronow, a 35-year-old from Florida, and “Gargamel” is Greg Solano, a 32-year-old writer. Buzzfeed made the discovery by going through public business records; Yuga Labs is incorporated in Delaware, with an address tied to Solano. This article is excerpted from The Node, CoinDesk's daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . We’d already known a little about the founders: In interviews with Rolling Stone, CoinDesk and The New York Times, they’d shared details about their backgrounds (both men had backgrounds in writing , for example) and their path to creating the Bored Apes. But for some of the biggest crypto influencers and investors, Buzzfeed’s revelation was a bridge too far. The influencer “Cobie,” formerly known as “Crypto Cobain,” called Notopoulos a “whore for clicks.” “They’re literally cartoon apes,” wrote the investor Mike Solana, apparently trying to downplay the importance of the subject matter. “There was absolutely no reason to dox these guys. The heroic language being used by journalists to describe this story as if it were some kind of massive scoop in the public’s interest is disgusting.” Outside of crypto, the word “dox” (usually defined as “publicizing someone’s private information”) specifically connotes harassment; within the space, its meaning is slightly more complicated. Founders will sometimes make a point of doxxing themselves as a show of faith, attempting to convince investors they won’t just run off with their money (this is significantly easier when no one knows who you are). There’s a strong culture of anonymity, in crypto, which stems from its “cypherpunk” history. Story continues It’s weird, to the uninitiated. Traditional finance reporters pivoting to crypto in the past year have consistently balked at the idea of allowing subjects (not just sources) to remain pseudonymous in stories when it wasn’t absolutely necessary. And it’s part of why, in the public imagination, bitcoin and other cryptocurrencies have remained so closely associated with misuse and criminality. Why stay anonymous if you have nothing to hide? Of course, there are plenty of good reasons to stay anonymous even if you have nothing to hide. The premise of crypto is that maybe, if you feel like it, you should be able to send money without handing over your personal details to a bank. But the Bored Ape Yacht Club founders aren’t just anyone. The Bored Apes have dominated the discourse around NFTs for months, both in and out of the crypto space. At this point, they’re de facto brand ambassadors for crypto collectibles. The Financial Times recently reported that Andreessen Horowitz, a powerful venture capital firm with billions already invested in crypto, is in talks to buy a major stake in Yuga Labs – financing that would value the company at around $5 billion. To me, the identity of these two founders is unambiguously a story in and of itself. The BuzzFeed article didn’t do a whole lot with the identities of these two men; Notoupolos admitted they hadn’t done anything wrong, really. But ultimately, Aronow and Solano are at the helm of a business that’s potentially worth billions of dollars. Apes have flooded the market and saturated the culture. Why shouldn’t a journalist go looking for more details? It’s also worth noting that Notopoulos didn’t come by this information nefariously or unjustly; she found it online, in publicly available business records. it’s either a world-changing, wealth-generating idea or "a digital cartoon ape collection.” but it can’t be one thing on friday and another on saturday. https://t.co/WscOk2ccMm — maxwell (@maxwellstrachan) February 5, 2022 Some reporters have taken the view that doxxing is unnecessary, period, unless the person in question has done something wrong. There’s often a real risk in outing subjects, particularly ones who stand to face personal danger if their identity is revealed (think: subjects living in Russia, who might be thrown in jail). No reasonable reporter wants to ruin anyone’s life for the sake of a story. And “burning” vulnerable sources has long been considered a cardinal sin . In a piece for CoinDesk in 2020, Marc Hochstein (my boss and the site’s head of editorial ethics) wrote that “if you’re going to reveal someone’s personal information without their consent, you better have a damn good reason to do it.” Larry Cermak, a crypto researcher who said he disagrees with BuzzFeed News’ decision to out the BAYC founders, suggested on Twitter that it would be similarly wrong to dox Satoshi Nakamoto, the famously pseudonymous inventor of Bitcoin. See also: Who Is Satoshi Nakamoto? Again, I have to disagree. Satoshi Nakamoto is inarguably one of the most important people in the history of 21st century finance, and journalists have been trying to out him for years. His stash of bitcoin (now worth tens of billions of dollars) gives him significant control over the markets; he could tank it all in minutes, if he sold. The influence of that stake can’t be overstated. The revelation of Nakamoto’s true identity would be an industry-shaking bombshell about one of the richest and most powerful people in this ecosystem. Nakamoto’s identity still hasn’t been revealed, mostly because he was incredibly careful about covering his tracks. His personal bitcoin remains untouched. And because he hasn’t cashed out, there’s no real paper trail. A few thoughts on BAYC & Buzzfeed. The backlash isn’t surprising but it betrays deep ignorance about the function of journalism and an entitled belief that crypto must be covered on its own terms. — Jeff Bercovici (@jeffbercovici) February 5, 2022 The BAYC founders, on the other hand, incorporated their company in Delaware using a personal address. They weren’t cypherpunks when they created Yuga Labs, they were writers and lay crypto enthusiasts, which is to say they hid themselves more sloppily. They’re within their rights to remain pseudonymous, but reporters are within their rights to out them, too. Reporting on the rich and powerful shouldn’t be controversial, from an ethics perspective. It’s just journalism....
- Reddit Posts (Sample): [['u/ArmyWide8266', 'Crypto Exchanges in Singapore', 28, '2022-03-07 00:02', 'https://www.reddit.com/r/singaporefi/comments/t8ax77/crypto_exchanges_in_singapore/', 'Anyone has good recommendations for crypto exchanges available in Singapore? Currently, I only know a few:\n\n- Crypto.com\n>StraitsX transfer, high earn rates till 4/4, low earn rates after 30k from 4/4 onwards, high spread in app (not sure about the SGD-USDC spread)\n\n-Gemini\n>StraitsX transfer, SGD-BTC/ETH available, 2 trades needed to buy other altcoins, low earn rates\n\n-Coinhako\n>StraitsX transfer, free points to redeem free crypto via logging in/buying crypto, high transaction fees (1%)\n\nI have been hearing about FTX and Kraken, does anyone have opinions about them?', 'https://www.reddit.com/r/singaporefi/comments/t8ax77/crypto_exchanges_in_singapore/', 't8ax77', [['u/WildRacoons', 12, '2022-03-07 00:38', 'https://www.reddit.com/r/singaporefi/comments/t8ax77/crypto_exchanges_in_singapore/hzmz9a9/', "Kraken: Relatively higher liquidity compared to gemini, with lower spread and fees. Downsides - you have to wire USD/crypto\n\nKucoin: Feels a bit flimsy but supports the widest variety of coins in this list.\n\nKeep an eye out for - Coinbase: You can sign up for an account. They're setting up base here and hopefully they'll support SGD. Even higher liquidity than Kraken.\n\nDon't forget that gemini is the only one out of these with free withdrawals. Personally, I dislike Coinhako's practices (high withdrawal fees, trap-ish promotions, hidden spread+fx fees, no limit orders).\n\nI'll also look out for exchanges that support L2/scaling solutions like arbitrum and polygon, where you can do defi stuff ([crypto.com](https://crypto.com), kucoin).\n\nI recommend setting up multiple accounts as your need for certain feature arise. Gemini for transactions <5000, and to use Kraken for >10000. [crypto.com](https://crypto.com) for the card and flexibility to use scaling solutions. Kucoin for the weirder coins.\n\nEdit: If you're looking for a place to start, I recommend going with Gemini (use ActiveTrader mode). Competitive fees and features, free withdrawals to transfer to another exchange if need be.", 't8ax77']]], ['u/gkanor', 'Ukrajna Megathread X', 120, '2022-03-07 00:12', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/', '* [I am fleeing Ukraine and heading to Hungary. What do I need to know?](https://telex.hu/english/2022/02/26/i-am-fleeing-ukraine-and-heading-to-hungary-what-do-i-need-to-know)\n* [Free train tickets within Hungary for Ukrainian refugees.](https://www.mavcsoport.hu/mavinform/minden-ukrajnai-menekultnek-ingyen-biztositja-mav-vasuti-utazast#Ukr%C3%A1n%20nyelv%C5%B1%20sz%C3%B6veg)\n* [Worldnews livethread itt a redditen](https://www.reddit.com/live/18hnzysb1elcs)\n* [Lista szervezetekről, amennyiben támogatnád Ukrajnát](https://www.reddit.com/r/hungary/comments/t04ps0/ukrajna_megathread/hy7r6yv)\n* [Ukrajna hivatalos BTC es ETH cime](https://twitter.com/Ukraine/status/1497594592438497282)\n* [Ukrajnai menekültek számára szállást közvetítő oldal](https://shelter4ua.com/)\n* [https://liveuamap.com/](https://liveuamap.com/)\n* [A phrasebook for refugees - Hasznos kifejezések](https://docs.google.com/document/d/1BZLcuyWoPE6bWVn9VTolryGeh7n_TDuaG9kjEYjchTY/edit?usp=sharing)\n\nKorábban: Feb. [\\[24.\\]](https://www.reddit.com/r/hungary/comments/t04ps0/ukrajna_megathread/) [\\[25.\\]](https://www.reddit.com/r/hungary/comments/t0x1us/ukrajna_megathread_ii_feb_25/) [\\[26.\\]](https://www.reddit.com/r/hungary/comments/t1i7f5/ukrajna_megathread_iii_feb_26/) [\\[27.\\]](https://www.reddit.com/r/hungary/comments/t2bsxe/ukrajna_megathread_iv_feb_27/) [\\[28.\\]](https://www.reddit.com/r/hungary/comments/t31nt9/ukrajna_megathread_v_feb_28/) Marc. \\[[1.](https://www.reddit.com/r/hungary/comments/t40bxd/ukrajna_megathread_vi_marc_1/)\\] \\[[2.](https://www.reddit.com/r/hungary/comments/t4mzv4/ukrajna_megathread_vii_marc_2/)\\] \\[[3.](https://www.reddit.com/r/hungary/comments/t5e0kg/ukrajna_megathread_viii_marc_3/)\\] \\[[4-6.](https://www.reddit.com/r/hungary/comments/t6dlfu/ukrajna_megathread_ix_marc_4/)\\]', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/', 't8b47w', [['u/SoulRedSquid', 22, '2022-03-07 08:15', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzoeqve/', '390 :(', 't8b47w'], ['u/amazing_wanderr', 19, '2022-03-07 09:32', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzokkvu/', 'Russian gymnast shows ‘Z’ symbol on podium next to Ukrainian winner\n\n[https://www.theguardian.com/sport/2022/mar/07/shocking-behaviour-russian-gymnast-shows-z-symbol-on-podium-next-to-ukrainian-winner](https://www.theguardian.com/sport/2022/mar/07/shocking-behaviour-russian-gymnast-shows-z-symbol-on-podium-next-to-ukrainian-winner)', 't8b47w'], ['u/szofter', 21, '2022-03-07 09:42', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzol9pb/', 'De MiÉrT kELl A sPoRtOlÓkAt KiTiLtAnI a VeRsEnYeKrŐl NeKiK eHhEz SeMmI kÖzÜk', 't8b47w'], ['u/nervusv', 10, '2022-03-07 11:32', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzot4p3/', 'Ey-ey', 't8b47w'], ['u/gkanor', 22, '2022-03-07 11:51', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzoug1m/', '[Voros kereszt: a mariupoli evakuacios utvonalat alaaknaztak](https://www.bbc.com/news/live/world-europe-60635927?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=6225c463980bea49f4b7b73c%26Evacuation%20route%20out%20of%20Mariupol%20was%20mined%2C%20Red%20Cross%20says%262022-03-07T08%3A47%3A05.732Z&ns_fee=0&pinned_post_locator=urn:asset:db771701-6dc4-4ec6-80c5-bf4be97ab054&pinned_post_asset_id=6225c463980bea49f4b7b73c&pinned_post_type=share)', 't8b47w'], ['u/guczy', 19, '2022-03-07 13:22', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzp1y82/', 'Elkezdtünk félni a havertól?\nhttps://www.reuters.com/world/europe/pm-orban-signs-decree-allowing-deployment-nato-troops-western-hungary-2022-03-07/', 't8b47w'], ['u/setorn', 15, '2022-03-07 14:33', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzp9833/', '[https://www.jpost.com/international/article-700559](https://www.jpost.com/international/article-700559)\n\n>A list of foreign states that Russia considers as having committed "unfriendly actions" against "Russia, Russian companies and citizens" was published on the Russian government\'s website on Monday. \n> \n> \n> \n>The countries, international organizations and territories considered "unfriendly" include "Australia, Albania, Andorra, United Kingdom, including Jersey, Anguilla, British Virgin Islands, Gibraltar, **the member states of the European Union**, Iceland, Canada, Liechtenstein, Micronesia, Monaco, New Zealand, Norway, Republic of Korea, San Marino, North Macedonia, Singapore, USA, Taiwan, Ukraine, Montenegro, Switzerland, Japan." Russia lists Taiwan as being part of China.\n\nValaki szóljon a Köpcösnek, hogy már nem vagyunk a ruszkikkal öri barik.', 't8b47w'], ['u/setorn', 11, '2022-03-07 14:56', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzpbvll/', '[https://www.ndtv.com/world-news/vladimir-putin-loses-all-his-positions-at-international-judo-federation-2808593](https://www.ndtv.com/world-news/vladimir-putin-loses-all-his-positions-at-international-judo-federation-2808593)\n\nAsszem megnyertük a háborút.', 't8b47w'], ['u/gkanor', 14, '2022-03-07 15:42', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzphplv/', '[A kiev independent nem ajanlja a lengyel hataratkeloket](https://twitter.com/KyivIndependent/status/1500830350100123653?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500830350100123653%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fliveupdate%2F18hnzysb1elcs%2FLiveUpdate_e1d55fc0-9e23-11ec-bbff-6681213e7330%2F0) a nagy sorok miatt, szoval gondolom meg fog noni a magyar hatarokon erkezok szama', 't8b47w'], ['u/gkanor', 13, '2022-03-07 16:49', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzpr0ey/', '[torokorszagban proukran tuntetesen kantaljak a "bayraktar"-t](https://twitter.com/nughaber/status/1500856494857854976)', 't8b47w'], ['u/fricy81', 18, '2022-03-07 21:24', 'https://www.reddit.com/r/hungary/comments/t8b47w/ukrajna_megathread_x/hzqxh2o/', '[Mai Pentagon hírszerzési](https://mobile.twitter.com/DanLamothe/status/1500904706222272521) összefoglaló:\n\nThe Pentagon has seen evidence that Russia is trying to recruit Syrians to fight on their behalf in Ukraine, senior U.S. defense official says. That matches a @WSJ scoop from last night.\n\nThe Pentagon now assesses that **nearly 100 percent of the Russian combat power prestaged at the Ukrainian border are now committed to the fight**, a senior U.S. defense official says.\n\nRussia has now launched more than 625 missiles at Ukraine since the invasion began, a senior U.S. defense official says Monday.\n\nAirspace is still contested, as it has been, a Pentagon official says.\n\n“We do continue to assess that **President Zelensky has the vast majority of his fixed-wing aircraft available to him,**” senior U.S. defense official says.\n\nPentagon says it will deploy an additional 500 U.S. troops from the U.S. to Europe in light of the crisis in Ukraine, senior defense official says. No combat troops -- refueling, air ops center, etc.\n\nThe **Pentagon does not seen any indications of additional Russian forces moving toward Ukraine**, senior U.S. defense official says.\n\nU.S. officials also **do not see Belarusian forces moving to join the fight**, senior U.S. defense official says.\n\nBombardments continue in multiple locations in Ukraine, something the Pentagon believes could be coming in part because of their failures to maneuver on the gr...
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.
|
38737.27, 41982.93, 39437.46, 38794.97, 38904.01, 37849.66, 39666.75, 39338.79, 41143.93, 40951.38
|
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:**
['Pizza take-out chain Papa John\'s (PZZA) is planning to give away nearly 20,000 non-fungible tokens (NFT) to customers in the U.K., shrugging off a previous warning from the country\'s advertising regulator about its dalliances in the crypto world.\n• The collection of 19,840 NFTs has been minted on Tezos and takes the form of nine different pizza delivery hot bag designs.\n• The NFTs will be dropped on several dates in early March.\n• This is not Papa John\'s first foray into the world of crypto and blockchains. The take-out chain last year launched a promotion in which customers could win £10 ($13) worth of bitcoin (BTC) when they spent more than £30 ($39).\n• The campaignfell afoul of the UK\'s Advertising Standards Authority, who deemed it "irresponsible" as it "took advantage of consumers’ inexperience or credulity and trivialized investment in cryptocurrency." The pizza chain subsequently removed the ads for the campaign.\n• Papa John\'s has a long-standing association with cryptocurrency owing to the infamous occurrence of an early bitcoin userspending 10,000 BTC on two Papa John\'s pizzas in 2010. The bitcoin, worth $41 at the time, would be worth nearly $400 million at today\'s prices.\nRead more:UK Regulator Bans Floki Inu Ads as \'Irresponsible\'', 'Pizza take-out chain Papa John\'s (PZZA) is planning to give away nearly 20,000 non-fungible tokens (NFT) to customers in the U.K., shrugging off a previous warning from the country\'s advertising regulator about its dalliances in the crypto world. The collection of 19,840 NFTs has been minted on Tezos and takes the form of nine different pizza delivery hot bag designs. The NFTs will be dropped on several dates in early March. This is not Papa John\'s first foray into the world of crypto and blockchains. The take-out chain last year launched a promotion in which customers could win £10 ($13) worth of bitcoin (BTC) when they spent more than £30 ($39). The campaign fell afoul of the UK\'s Advertising Standards Authority , who deemed it "irresponsible" as it "took advantage of consumers’ inexperience or credulity and trivialized investment in cryptocurrency." The pizza chain subsequently removed the ads for the campaign. Papa John\'s has a long-standing association with cryptocurrency owing to the infamous occurrence of an early bitcoin user spending 10,000 BTC on two Papa John\'s pizzas in 2010 . The bitcoin, worth $41 at the time, would be worth nearly $400 million at today\'s prices. Read more: UK Regulator Bans Floki Inu Ads as \'Irresponsible\'', '• Bitcoin (BTC) fell for a 5thsession from 6 on Monday.\n• News of the Biden crypto executive order’s imminent release tested support for the crypto market.\n• Risk aversion stemming from Russia’s invasion of Ukraine remains crypto market negative.\nOn Monday, Bitcoin (BTC) fell for the 5thday in 6. Once more, Bitcoin failed to break through to $40,000. Bitcoin hit a day high of $39,536 before sliding to a day low of $37,192. Finding support at $37,000, Bitcoin wrapped up the day at $38,000 levels.\nIt was a mixed day for the broader crypto market.\nBNBbucked the broader market trend, rising by 1.52%, whileADA(-3.52%) andSOL(-3.42%) struggled.\nAVAX(-0.97%),ETH(-2.32%),LUNA(-1.70%), andXRP(-0.57%) also joined Bitcoin in the red.\nThis morning, the Fear & Greed Index hit reverse. Bitcoin’s visit to sub-$38,000 weighed on the Index. Reversing an increase to 23/100, the Index fell back to 21/100 this morning. The pullback left the Index within the “Extreme Fear” zone.\nFor the Bitcoin bulls, the Index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels.\nHeightened government and regulatory crypto scrutiny continued to pressure Bitcoin and the broader market. News of the White House planning to issue the heavily awaited crypto executive order tested crypto support on Monday.\nAt the time of writing, Bitcoin was up by 0.55% to $38,241.\nBitcoin will need to move through the day’s $38,253pivotto make a run on the First Major Resistance Level at $39,317. Bitcoin would need broader market support to move back through to $39,000.\nIn the event of another extended rally, Bitcoin could test the Second Major Resistance Level at $40,591. The Third Major Resistance Level sits at $42,935.\nFailure to move through the pivot would bring the First Major Support Level at $36,967 into play. In the event of an extended sell-off, the Second Major Support Level at $35,916 would likely come into play.\nLooking at theEMAsand the 4-hourly candlestick chart (below), it is a bearish signal. Bitcoin continues to sit below the 50-day EMA. Following Sunday’s bearish crosses, we have seen the 50-day EMA pullback from the 100-day EMA delivering more downside pressure.\nA move through the 50-day EMA, at $39,800, would provide support.\nThisarticlewas originally posted on FX Empire\n• Space Runners Raises $10m to Develop Fashion Metaverse\n• Binance Launches Fiat-Crypto Platform Bifinity\n• Gold Markets Test $2000\n• Silver Markets Have a Volatile Session to Kick Off the Week\n• Natural Gas Markets Find Resistance at the Big Number\n• Institutional Crypto Funds See Seventh Week of Capital Inflows', '• Bitcoin (BTC) fell for a 5thsession from 6 on Monday.\n• News of the Biden crypto executive order’s imminent release tested support for the crypto market.\n• Risk aversion stemming from Russia’s invasion of Ukraine remains crypto market negative.\nOn Monday, Bitcoin (BTC) fell for the 5thday in 6. Once more, Bitcoin failed to break through to $40,000. Bitcoin hit a day high of $39,536 before sliding to a day low of $37,192. Finding support at $37,000, Bitcoin wrapped up the day at $38,000 levels.\nIt was a mixed day for the broader crypto market.\nBNBbucked the broader market trend, rising by 1.52%, whileADA(-3.52%) andSOL(-3.42%) struggled.\nAVAX(-0.97%),ETH(-2.32%),LUNA(-1.70%), andXRP(-0.57%) also joined Bitcoin in the red.\nThis morning, the Fear & Greed Index hit reverse. Bitcoin’s visit to sub-$38,000 weighed on the Index. Reversing an increase to 23/100, the Index fell back to 21/100 this morning. The pullback left the Index within the “Extreme Fear” zone.\nFor the Bitcoin bulls, the Index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels.\nHeightened government and regulatory crypto scrutiny continued to pressure Bitcoin and the broader market. News of the White House planning to issue the heavily awaited crypto executive order tested crypto support on Monday.\nAt the time of writing, Bitcoin was up by 0.55% to $38,241.\nBitcoin will need to move through the day’s $38,253pivotto make a run on the First Major Resistance Level at $39,317. Bitcoin would need broader market support to move back through to $39,000.\nIn the event of another extended rally, Bitcoin could test the Second Major Resistance Level at $40,591. The Third Major Resistance Level sits at $42,935.\nFailure to move through the pivot would bring the First Major Support Level at $36,967 into play. In the event of an extended sell-off, the Second Major Support Level at $35,916 would likely come into play.\nLooking at theEMAsand the 4-hourly candlestick chart (below), it is a bearish signal. Bitcoin continues to sit below the 50-day EMA. Following Sunday’s bearish crosses, we have seen the 50-day EMA pullback from the 100-day EMA delivering more downside pressure.\nA move through the 50-day EMA, at $39,800, would provide support.\nThisarticlewas originally posted on FX Empire\n• Space Runners Raises $10m to Develop Fashion Metaverse\n• Binance Launches Fiat-Crypto Platform Bifinity\n• Gold Markets Test $2000\n• Silver Markets Have a Volatile Session to Kick Off the Week\n• Natural Gas Markets Find Resistance at the Big Number\n• Institutional Crypto Funds See Seventh Week of Capital Inflows', 'Key Insights: Bitcoin (BTC) fell for a 5 th session from 6 on Monday. News of the Biden crypto executive order\x92s imminent release tested support for the crypto market. Risk aversion stemming from Russia\x92s invasion of Ukraine remains crypto market negative. On Monday, Bitcoin ( BTC ) fell for the 5 th day in 6. Once more, Bitcoin failed to break through to $40,000. Bitcoin hit a day high of $39,536 before sliding to a day low of $37,192. Finding support at $37,000, Bitcoin wrapped up the day at $38,000 levels. It was a mixed day for the broader crypto market. BNB bucked the broader market trend, rising by 1.52%, while ADA (-3.52%) and SOL (-3.42%) struggled. AVAX (-0.97%), ETH (-2.32%), LUNA (-1.70%), and XRP (-0.57%) also joined Bitcoin in the red. Bitcoin Fear & Greed Index Hits Reverse This morning, the Fear & Greed Index hit reverse. Bitcoin\x92s visit to sub-$38,000 weighed on the Index. Reversing an increase to 23/100, the Index fell back to 21/100 this morning. The pullback left the Index within the \x93Extreme Fear\x94 zone. For the Bitcoin bulls, the Index will need to move back through to 54/100 to bring $50,000 levels back into play for Bitcoin. A fall to sub-20/100 would deliver sub-$30,000 levels. Heightened government and regulatory crypto scrutiny continued to pressure Bitcoin and the broader market. News of the White House planning to issue the heavily awaited crypto executive order tested crypto support on Monday. Bitcoin Price Action At the time of writing, Bitcoin was up by 0.55% to $38,241. Technical Indicators Bitcoin will need to move through the day\x92s $38,253 pivot to make a run on the First Major Resistance Level at $39,317. Bitcoin would need broader market support to move back through to $39,000. In the event of another extended rally, Bitcoin could test the Second Major Resistance Level at $40,591. The Third Major Resistance Level sits at $42,935. Failure to move through the pivot would bring the First Major Support Level at $36,967 into play. In the event of an
**Last 60 Days of Bitcoin's Closing Prices:**
[41557.90, 41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-08
**Financial & Commodity Data:**
- Gold Closing Price: $2040.10
- Crude Oil Closing Price: $123.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $734,907,560,000
- Hash Rate: 202691096.5721893
- Transaction Count: 255771.0
- Unique Addresses: 659214.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.21
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Casino stocks are rising on Friday following an update on regulations in Macau from the Chinese government. a woman smiling while using a slot machine in a casino. representing gambling stocks Source: Maridav/Shutterstock, Inc. The big news here is that regulators are sticking to current rules that only allow six casino licenses in Macau . That means the big players in the space won’t likely have to worry about any other operators entering the area. This follows up on previous news of regulations in Macau from December . It also cements expectations that any new regulations from the government were unlikely to hamper casino stocks in any major way. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let’s take a look at how this is affecting various casino stocks below! 7 Cooling Mega-Cap Stocks to Avoid for Now Casino Stocks on the Move Friday Las Vegas Sands (NYSE: LVS ) stock is rising more than 12% as of Friday afternoon. With that comes 32 million shares traded, as compared to the company’s daily average trading volume of about 8 million shares. Wynn Resorts (NASDAQ: WYNN ) shares are up next with the stock climbing over 6% higher this afternoon. That comes with some 7 million shares changing hands, as compared to the company’s daily average of around 3.3 million shares. MGM Resorts International (NYSE: MGM ) stock joins the list with shares slipping slightly as of this writing but they started the day off strong. The company has seen nearly 3 million shares move, as compared to its daily average of around 5.5 million shares. Melco Resorts & Entertainment (NASDAQ: MLCO ) shares finish off our casino stocks list up nearly 15% as of this writing. That also has more than 12 million shares changing hands, as compared to the company’s daily average trading volume of roughly 3.1 million shares. Investors seeking more stock market news for Friday are in luck! We’ve got a wealth of stock coverage for investors to dive into today! Among that is bad news for investors in Peloton (NASDAQ: PTON ) stock, Net Saving Link (OTCMKTS: NSAV ) making a metaverse investment, as well as Block (NYSE: SQ ) getting into the crypto mining game. You can find out more about these matters at the following links! Story continues More Friday Stock Market News Goodbye, PTON Stock! What to Know About the Nasdaq-100 News Sending Peloton Stumbling. NSAV Stock: 11 Things to Know About the Net Saving Link’s Metaverse Network Deal 12 Things for SQ Stock Investors to Know About Block’s Bitcoin Mining Plans On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First... The post Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher Today appeared first on InvestorPlace ....
- Reddit Posts (Sample): [['u/beetgold', '[WTS] 2019 AGE, Buffalo, 1/10 Coins', 13, '2022-03-08 00:00', 'https://www.reddit.com/r/Pmsforsale/comments/t923xq/wts_2019_age_buffalo_110_coins/', 'Hey All!\n\nJust looking to mix things up and/or free up some cash.\n\n\\[Proof\\]([https://imgur.com/a/tgnJEIp](https://imgur.com/a/tgnJEIp))\n\nFor Sale or Trade:\n\n~~1986 (I think) 1/10 AGE - Sold~~\n\n~~2008 Buffalo - Sold~~\n\n~~2015 1/10 Libertad - Pending~~\n\n2019 AGE MS70 Early Release (Key Date/Low Mintage) - $2900\n\n~~2021 Buffalo - Sold~~\n\n~~2021 1/4 Type 2 Eagle - Sold~~\n\n\nShipping $8 Priority\n\nCashApp, Venmo, PPFF, Zelle, BTC\n\nEdit:\nRemoved 2 items … watching spot price. Only item remaining is 2019.', 'https://www.reddit.com/r/Pmsforsale/comments/t923xq/wts_2019_age_buffalo_110_coins/', 't923xq', [['u/trhansen', 10, '2022-03-08 00:34', 'https://www.reddit.com/r/Pmsforsale/comments/t923xq/wts_2019_age_buffalo_110_coins/hzrqfdy/', 'I think it depends where and who you were buying from. When gold was down in the 1800s it wasn’t uncommon to find Eagles at 210-215 and Brits at 205ish.', 't923xq'], ['u/tonysilverado', 10, '2022-03-08 01:19', 'https://www.reddit.com/r/Pmsforsale/comments/t923xq/wts_2019_age_buffalo_110_coins/hzrwbip/', "I bet he'd take more money if you wanted to pay more", 't923xq']]], ['u/Front_Instruction786', 'The gold market is pathetic', 72, '2022-03-08 00:15', 'https://www.reddit.com/r/Wallstreetsilver/comments/t92foo/the_gold_market_is_pathetic/', 'It takes the threat of ww3 for gold to crack $2000 and just barely did that. But a tweet from Elon musk causes bitcoin to go up 15% in minutes.', 'https://www.reddit.com/r/Wallstreetsilver/comments/t92foo/the_gold_market_is_pathetic/', 't92foo', [['u/DogHuntforCCPspies', 10, '2022-03-08 00:21', 'https://www.reddit.com/r/Wallstreetsilver/comments/t92foo/the_gold_market_is_pathetic/hzrolv8/', 'Gold would be close to 2k regardless of Ukraine.', 't92foo'], ['u/covblues', 11, '2022-03-08 00:24', 'https://www.reddit.com/r/Wallstreetsilver/comments/t92foo/the_gold_market_is_pathetic/hzrp1di/', 'Actually it is. Ask Russia', 't92foo'], ['u/goldenloi', 19, '2022-03-08 00:28', 'https://www.reddit.com/r/Wallstreetsilver/comments/t92foo/the_gold_market_is_pathetic/hzrpkl6/', "Gold is a far bigger market than bitcoin and it's more stable. It wont go up as fast as we saw bitcoin rise but it will never crash as fast either.\n\nThe true pathetic thing, in my view, is silver's price relative to gold. Still around 80 in the gold/silver ratio is absolutely insane when you consider the supply/demand dynamics for silver in the modern world.", 't92foo'], ['u/TastemyBacon', 11, '2022-03-08 00:29', 'https://www.reddit.com/r/Wallstreetsilver/comments/t92foo/the_gold_market_is_pathetic/hzrpofd/', 'Bitcoin isn’t even real…. 90% owned by 5 accounts. Sure they could print it at 1 billion tomorrow or ZERO. It’s just a fantasy token.', 't92foo']]], ['u/thadiusb', 'Coming into some money soon. Looking to buy a whole coin sometime this week, perhaps next week. Are we bullish or bearish on BTC over the coming months?', 13, '2022-03-08 02:35', 'https://www.reddit.com/r/BitcoinCA/comments/t9580t/coming_into_some_money_soon_looking_to_buy_a/', 'Watching the price go up and down recently has really rattled me lol. I hold about 17% of a coin, and would like to make it a solid 1 coin. Thus, Im getting rattled cuz I want a good price lol. \n\nI have some life insurance money coming to me sometime this week. Will have to get it wired to me, which takes a couple days.... then I will have to wire it to an exchange, so a couple more days.\n\nDue to this war, and the rising costs of everything that comes with it, are we expected to be in a bear market for the short-term future?\n\nIs there anyone optimistic about BTCs short-term value?\n\nThoughts, ideas, suggestions?\n\nThanks.', 'https://www.reddit.com/r/BitcoinCA/comments/t9580t/coming_into_some_money_soon_looking_to_buy_a/', 't9580t', [['u/unanistan_ae', 27, '2022-03-08 02:40', 'https://www.reddit.com/r/BitcoinCA/comments/t9580t/coming_into_some_money_soon_looking_to_buy_a/hzs6xs0/', 'Put in a buy order for 33,333 USD. Go to bed.', 't9580t']]], ['u/Bard_Bomber', 'Teachers in Minneapolis to strike Tuesday, negotiations continue in St. Paul', 309, '2022-03-08 02:53', 'https://www.reddit.com/r/WorkersStrikeBack/comments/t95kea/teachers_in_minneapolis_to_strike_tuesday/', "[The Minneapolis Federation of Teachers and Educational Support Professionals will be on strike starting Tuesday, March 8.](https://bringmethenews.com/minnesota-news/teachers-in-minneapolis-to-strike-tuesday-negotiations-continue-in-st-paul) Now is the time for mutual aid.\n\nIf you haven't already been thinking about how you can support the strike efforts, the teachers and support staff, and the many workers who will be impacted by the school closures during the strike, now is the time.I'm aware of a few ways we can help - please jump in and share other ideas!\n\nUnderstand the [MFT bargaining priorities](https://www.mft59.org/_files/ugd/645495_eca26364ddaf477798eee9e015d68b8f.pdf) and [what families in the MSP district need to know](https://humanresources.mpls.k12.mn.us/uploads/fact_sheet_strike_families.pdf).\n\nAre you local to the Twin Cities? Check in with your neighbors, friends, and coworkers. Families with kids out of school might need help with childcare so parents can get to work. Parents of kids with special needs are likely even more stressed than usual. Food support for low-income kids may be missed if parents don't know about or can't get to the limited food pick-up locations and times. Talk to the people in your community and ask how you can help them.\n\nNot local, but want to help? The MFT 59 website has a link to their [strike fund](https://www.mft59.org/strike-fund). [Every Meal](https://www.everymeal.org/ensuring-students-have-food-during-teacher-strike/) is anticipating increased demand at their [community meal distribution sites](https://www.everymeal.org/what-we-do/community-meal-distribution-sites/?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--zBdAevPs59edVtzBTCBuPq3GdPNfQg8eghZrtiZJGjrruHF9HkkjJ5AggA9qezucwow6S), you can donate or help make sure families in Minneapolis know where they can get meal bags free to anyone who needs them.", 'https://www.reddit.com/r/WorkersStrikeBack/comments/t95kea/teachers_in_minneapolis_to_strike_tuesday/', 't95kea', [['u/Bard_Bomber', 11, '2022-03-08 14:21', 'https://www.reddit.com/r/WorkersStrikeBack/comments/t95kea/teachers_in_minneapolis_to_strike_tuesday/hzu101z/', 'Did you read the bargaining priorities? \n\nThey’re not focusing on teacher pay.\n\nThey are focusing on increased mental health support for students, affordable healthcare, and better pay for the much lower paid educational support professionals. (They want ESP starting salary raised from $24k to $35k. They are currently working under a contract that expired 2 years ago.) \n\nYour argument that “teachers are less underpaid here than on the national average so they look greedy asking for better pay” is contradictory to the spirit of this sub and makes you sound like you’re getting paid to post this by someone interested in maintaining the status quos. Teachers nationwide are underpaid. Minneapolis Public Schools pays their teachers less than most surrounding school districts while cost of living in Minneapolis is higher. (Your numbers for both teacher pay and cost of living are also, at best, outdated.) \n\n\nAlso, if you take a few minutes to inform yourself on the situation, you will learn that “the city” is not at the bargaining table with the teachers union, it is the school district.', 't95kea']]], ['u/[deleted]', 'Jumping Into DeFi: Terra Luna Extravaganza', 31, '2022-03-08 03:19', 'https://www.reddit.com/r/terraluna/comments/t962um/jumping_into_defi_terra_luna_extravaganza/', "Most of what I hold is bitcoin. But I've wanted to play around in DeFi for awhile. I tried it on two other blockchains with frustrating barriers to the point that I couldn't even get started (one because it couldn't connect the wallet, and one because I couldn't even obtain the token needed to operate on the platform). I was considering just giving up on altcoins. \n\n\nToday, on Terra, I did the following: \n\\- Deposited UST to my wallet \n\\- Deposited UST on Anchor \n\\- Deposited Luna to my wallet \n\\- Refracted Luna on Prism \n\\- Staked yLuna \n\\- Swapped some Luna for Prism \n\\- Provided liquidity for pLuna and Prism's pool \n\n\nI only put a little bit into this since I'm new. I learned a very valuable lesson: do NOT BUY LUNA and withdraw from Kraken. It cost $7 in withdrawl fees. Next time, I will buy UST and swap to Luna once withdrawn. Though, I still like Kraken for UST buys because it requires no bridging. \n\n\nAny other fun things to do on Terra's blockchain? Any advice for someone jumping into this for the first time?", 'https://www.reddit.com/r/terraluna/comments/t962um/jumping_into_defi_terra_luna_extravaganza/', 't962um', [['u/Jan1ssaryJames', 12, '2022-03-08 03:50', 'https://www.reddit.com/r/terraluna/comments/t962um/jumping_into_defi_terra_luna_extravaganza/hzsg2v9/', "&#x200B;\n\nif you're interested in a project, join its discord.\n\ncrypto twitter and youtube is an abomination.\n\ndon't get in over your head, it's all fun and games until you lose your shirt ;)\n\nterra has good projects but it also has completely terrible ponzies. be careful what you're getting into.", 't962um']]], ['u/Just-Sentence8710', 'Venezuela, bitcoin oil and the multiverse.', 43, '2022-03-08 03:32', 'https://www.reddit.com/r/Bitcoin/comments/t96cey/venezuela_bitcoin_oil_and_the_multiverse/', 'Venezuela is a parallel reality, there is a huge group of people who depend on a subsidized box of food per month with poor quality products with little access to education, health and services such as electricity with constant cuts, dream internet speed is 10...
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.
|
41982.93, 39437.46, 38794.97, 38904.01, 37849.66, 39666.75, 39338.79, 41143.93, 40951.38, 41801.16
|
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:**
['Until recently, the thought of investing in an Indonesian energy business might not have crossed your mind. Yet, the buzz surroundingIndonesia Energy(NYSEAMERICAN:INDO) and the swift moves in INDO stock may have caught your attention.\nSource: Shutterstock\nWhen a stock makes triple-digit moves to the upside in a short period of time, contrarians will sometimes be tempted to bet on a retracement. Short-selling stocks with bullish momentum is a dangerous game to play, however.\nAt the very least, traders should learn about Indonesia Energy and consider the macro-level factors before taking a position in INDO stock. Otherwise, they could end up on the wrong side of the trade.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nWith that in mind, let’s delve into the basics of Indonesia Energy and see if we can get to the bottom of this wild share-price rally. In the final analysis, you’ll likely agree that the trend should be your friend, not your enemy.\nThe trend-is-your-friend principle definitely applies to INDO stock, as anyone who attempted to “fade the rip” learned a harsh lesson.\nIndonesia Energy shares were worth around $2.85 apiece at the start of 2022. To be honest, Wall Street wasn’t paying much attention to this stock at that time. With a series of quick price moves, however, INDO start started to gain momentum while also capturing Wall Street’s attention. On Jan. 27, William White observed the stockcatapultingmore than 150% in a single day.\nThen, on Feb. 22, Chris MacDonald noted that the Indonesia Energy share price hadsurgedapproximately 80%. Fast-forward to March 4, and the stock was up an additional 101.83% in a single trading session. That same day, Samuel O’Brient reported that INDO stock hadgainedroughly 500% in a short period of time. Amazingly, the stock reached $40 after having started the year below $3.\n• 7 Defense Stocks to Protect Your Portfolio From the Russia-Ukraine War\nAlong the way, you can be assured that some Indonesia Energy bears went into hibernation and at least a few short sellers were forced to cover their positions at a loss.\nDuring this major bull charge, the media seemingly struggled to make sense of it all. For example, an article from March 4 stated that Indonesia Energy’s “websitedidn’t listany press releases, securities filings or presentations from this week.”\nAnother article reported, “The move higher hasoccurred despite any company specific-news,” again highlighting the surprising nature of INDO stock’s rally.\nYet, informed investors must still ask why this happened. Even if the markets can be irrational sometimes, it’s not a great idea to get into a trade without understanding what’s happening.\nAccording toYahoo Finance, INDO stock’s trading volume on March 4 was a whopping 66,190,860, while the stock’s average daily trading volume was just 6,299,272. So clearly, something’s going on.\nThankfully, O’Brient was able to stay calm and make sense of the trading community’s sudden fascination with Indonesia Energy. Just recently, the WTI (West Texas Intermediate) crude oil price settled at $115 per barrel. This was oil’s highest price since 2014.\nO’Brient succinctly summed up the consequences of this oil-price spike: “As fears of an energy crisis generated by the Russia-Ukraine conflict sent prices shooting up, experts speculated as to just how high they could go. Oil stocks began rising in accordance, sending several small cap companies to new heights.”\nTherefore, Indonesia Energy has been caught up in a wave of investor bullishness surrounding small oil explorers.\nThe company’s Indonesia-based assets include 1.05 million land acres, located primarily on the islands of Sumatra and Java. Apparently, long-side traders are betting that Indonesia Energy could become a competitive emerging-market oil producer.\nINDO stock is speculative, so please don’t mortgage your house and load up on the shares. On the other hand, the stock’s trajectory and momentum indicate that the share price could continue to move up quickly.\nIndonesia Energy could, indeed, turn out to be a significant oil producer. If that happens, the company’s shares will likely continue to gain in value. As such, it’s fine to take a small position in INDO stock. Of course, we mean a long position, not a short position, as we still want to be a friend of the trend.\nOn the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.\nLouis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence inthis shocking “tell all” video… exposing one of the most shocking events in our country’s history… andthe one move every American needs to make today.\n• Get in Now on Tiny $3 ‘Forever Battery’ Stock\n• It doesn’t matter if you have $500 in savings or $5 million. Do this now.\n• Stock Prodigy Who Found NIO at $2… Says Buy THIS\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\nThe postDon’t Stand in the Way of Indonesia Energy’s Bull Chargeappeared first onInvestorPlace.', 'Until recently, the thought of investing in an Indonesian energy business might not have crossed your mind. Yet, the buzz surrounding Indonesia Energy (NYSEAMERICAN: INDO ) and the swift moves in INDO stock may have caught your attention. oil stocks: stacks of oil barrels Source: Shutterstock When a stock makes triple-digit moves to the upside in a short period of time, contrarians will sometimes be tempted to bet on a retracement. Short-selling stocks with bullish momentum is a dangerous game to play, however. At the very least, traders should learn about Indonesia Energy and consider the macro-level factors before taking a position in INDO stock. Otherwise, they could end up on the wrong side of the trade. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With that in mind, let’s delve into the basics of Indonesia Energy and see if we can get to the bottom of this wild share-price rally. In the final analysis, you’ll likely agree that the trend should be your friend, not your enemy. INDO Stock at a Glance The trend-is-your-friend principle definitely applies to INDO stock, as anyone who attempted to “fade the rip” learned a harsh lesson. Indonesia Energy shares were worth around $2.85 apiece at the start of 2022. To be honest, Wall Street wasn’t paying much attention to this stock at that time. With a series of quick price moves, however, INDO start started to gain momentum while also capturing Wall Street’s attention. On Jan. 27, William White observed the stock catapulting more than 150% in a single day. Then, on Feb. 22, Chris MacDonald noted that the Indonesia Energy share price had surged approximately 80%. Fast-forward to March 4, and the stock was up an additional 101.83% in a single trading session. That same day, Samuel O’Brient reported that INDO stock had gained roughly 500% in a short period of time. Amazingly, the stock reached $40 after having started the year below $3. 7 Defense Stocks to Protect Your Portfolio From the Russia-Ukraine War Story continues Along the way, you can be assured that some Indonesia Energy bears went into hibernation and at least a few short sellers were forced to cover their positions at a loss. Why Ask Why? During this major bull charge, the media seemingly struggled to make sense of it all. For example, an article from March 4 stated that Indonesia Energy’s “website didn’t list any press releases, securities filings or presentations from this week.” Another article reported, “The move higher has occurred despite any company specific-news ,” again highlighting the surprising nature of INDO stock’s rally. Yet, informed investors must still ask why this happened. Even if the markets can be irrational sometimes, it’s not a great idea to get into a trade without understanding what’s happening. According to Yahoo Finance , INDO stock’s trading volume on March 4 was a whopping 66,190,860, while the stock’s average daily trading volume was just 6,299,272. So clearly, something’s going on. It’s All About Oil Thankfully, O’Brient was able to stay calm and make sense of the trading community’s sudden fascination with Indonesia Energy. Just recently, the WTI (West Texas Intermediate) crude oil price settled at $115 per barrel. This was oil’s highest price since 2014. O’Brient succinctly summed up the consequences of this oil-price spike: “As fears of an energy crisis generated by the Russia-Ukraine conflict sent prices shooting up, experts speculated as to just how high they could go. Oil stocks began rising in accordance, sending several small cap companies to new heights.” Therefore, Indonesia Energy has been caught up in a wave of investor bullishness surrounding small oil explorers. The company’s Indonesia-based assets include 1.05 million land acres, located primarily on the islands of Sumatra and Java. Apparently, long-side traders are betting that Indonesia Energy could become a competitive emerging-market oil producer. The Takeaway INDO stock is speculative, so please don’t mortgage your house and load up on the shares. On the other hand, the stock’s trajectory and momentum indicate that the share price could continue to move up quickly. Indonesia Energy could, indeed, turn out to be a significant oil producer. If that happens, the company’s shares will likely continue to gain in value. As such, it’s fine to take a small position in INDO stock. Of course, we mean a long position, not a short position, as we still want to be a friend of the trend. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier, who has been called “one of the most importa
**Last 60 Days of Bitcoin's Closing Prices:**
[41733.94, 41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-09
**Financial & Commodity Data:**
- Gold Closing Price: $1985.90
- Crude Oil Closing Price: $108.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $791,929,110,400
- Hash Rate: 188995752.2092036
- Transaction Count: 272805.0
- Unique Addresses: 702360.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.22
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: DjelicS / iStock.com U.S. crude oil futures rose to $112.25 per barrel on Wed., March 2, ahead of the meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+), a group led by Russia. So far, the U.S. and Europe haven’t placed sanctions on Russian oil, but could do so if the Russian invasion of the Ukraine continues, CNN reported. White House press secretary Jen Psaki told CNN, “It’s still on the table. It’s not off the table.” Explore: What Is the Economic Impact of State-Run Liquor Stores Banning Russian Vodka? Learn More: Bitcoin Rises as US Imposes Additional Sanctions Against Russia However, President Joe Biden is hesitant to drive energy and gas prices higher if he can avoid it. according to CNN. But major global oil companies are still hesitant to trade in Russia and many tanker operators are wary of traversing the Black Sea due to threats of ongoing attacks. ExxonMobil, for instance, announced that it is abandoning the last of its oil-and-gas projects in Russia and not investing in new developments. Exxon joins BP and Shell, who also announced intentions to leave Russia, along with a handful of tech and automotive manufacturers, including Apple, Ford, and GM. Exxon is the largest U.S. oil company and has had operations in Russia for more than 25 years, CNN reported. Meanwhile, Saudi Arabia and several other OPEC+ members have resisted U.S. pleas to increase oil output faster than the OPEC+ agreement requires. Only Saudi Arabia, the United Arab Emirates and a handful of other countries have spare capacity to release. But members of the International Energy Agency agreed on March 1 to release 60 million barrels of oil reserves , with half of that release coming from the U.S. CNN reported that the barrels would cover approximately two weeks of oil shipments that would normally come from Russia. See: Does Your Portfolio Contain Exposure to Russia, and Will It be Impacted by the Ruble Crash? Find: Tesla Stock Soars as Investors Bet on Worldwide EV Adoption With the weekend and warmer spring weather approaching in the U.S. — which means increased travel — fuel prices can be expected to climb even higher, exacerbated by U.S. inflation pressures . “The bottom line is this is not enough to cool off the market. It’s a bit of a band-aid solution,” Michael Tran, managing director of global energy strategy at RBC Capital Markets, told CNN. Story continues More From GOBankingRates SNAP Schedule 2022: March Payments 7 Things Every Woman Should Know About Social Security Easy Things You Can Do To Start Preparing for Retirement Now 20 Home Renovations That Will Hurt Your Home's Value This article originally appeared on GOBankingRates.com : Oil Prices Top $110 a Barrel Ahead of Today’s OPEC Meeting — Will Costs Climb Even Higher?...
- 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.
|
39437.46, 38794.97, 38904.01, 37849.66, 39666.75, 39338.79, 41143.93, 40951.38, 41801.16, 42190.65
|
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:**
["If you purchase an independently reviewed product or service through a link on our website, BGR may receive an affiliate commission. President Biden issued an executive order on Wednesday outlining a plan to regulate cryptocurrency. Biden\x92s crypto order was in the making for several weeks. But it\x92s unrelated to the Russia-Ukraine war and the economic sanctions the West imposed on Russia in recent days. While some feared the executive order might harm bitcoin and the blockchain economy, the tone of the executive order is a lot more optimistic. The White House acknowledges the benefits of cryptocurrencies and the growing interest among US and global consumers to invest and use digital currency. Today's Top Deals KN95 masks made in the USA are in stock and discounted at Amazon! Amazon's #1 best-selling bed pillows with 118,000 5-star reviews have a rare discount today You won't believe how good the Amazon deals are on this special page! Moreover, the Biden administration says the US \x93must maintain technological leadership in this rapidly growing space,\x94 and it \x93must play a leading role in international engagement and global governance of digital assets consistent with democratic values and US global competitiveness.\x94 Don't Miss : Wednesday\x92s deals: $8 COVID tests, AirPods Pro, Apple Watch SE, $120 robot vacuum, more It\x92s not the Russia-Ukraine war The US sanctions against Russia were announced in the early days of the war. The European Union and other countries joined in with similar sanctions to impede Russia\x92s ability to finance its war efforts. Separately, many companies suspended operations in Russia. Many speculated that Russia would move to bitcoin and cryptocurrencies to avoid sanctions. However, it soon became clearer that moving an entire economy to crypto was an impossible task. Moreover, exchanges like Coinbase and Binance announced they are complying with sanctions directed at Russian entities. Biden\x92s crypto executive order being announced in the middle of a massive conflict between Russia and Ukraine might seem like it\x92s a part of a larger effort to contain the Russian threat. But reports dating back to late January have been saying the executive order was imminent. Those reports said the Biden administration planned to kickstart a strategy for regulating bitcoin and cryptocurrencies at the federal level. That\x92s essentially what the order is doing. Bitcoin Ethereum Litecoin XRP What is Biden\x92s crypto executive order? The White House describes Biden\x92s crypto executive order as \x93the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.\x94 Story continues The Biden administration acknowledges the massive growth of the crypto market, which ballooned to over $3 trillion in November 2021. The entire crypto market cap was at just over $14 billion five years before that. Moreover, the administration said that 16% of adult Americans have invested in , traded, or used cryptocurrencies. The announcement also notes that over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs). These are digital forms of money based on blockchain technology. With that in mind, Biden\x92s crypto executive order \x93lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; US leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.\x94 The digital dollar Biden\x92s crypto executive order also notes that the administration will explore a digital dollar \x93by placing urgency on research and development of a potential United States CBDC, should issuance be deemed in the national interest.\x94 US Secretary of the Treasury Janet L. Yellen also released a statement explaining what comes next from the government: Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. We\x92ll also convene the Financial Stability Oversight Council to evaluate the potential financial stability risks of digital assets and assess whether appropriate safeguards are in place. And, because the questions raised by digital assets often have important cross-border dimensions, we\x92ll work with our international partners to promote robust standards and a level playing field. Bitcoin Cryptocurrency Exchange Bitcoin price reacts positively to Biden\x92s order That\x92s to say, Biden\x92s cryptocurrency executive order will not have an immediate effect on how bitcoin and crypto works. You can still trade digital tokens as before and mine bitcoin and ethereum. Exchanges will continue to operate as usual. But the order indicates the government wants a more transparent, cohesive approach to regulating this nascent industry. And, rather than ban bitcoin or strangle development, the Biden administration is embracing it. Some reasons for optimism about President Biden\x92s Executive Order. The White House seems to understand and embrace the transformational potential of digital asset technology, and the importance of maintaining American leadership. Some thoughts: https://t.co/rgC7x8r1nX \x97 Faryar Shirzad (@faryarshirzad) March 9, 2022 The market has reacted positively to Biden\x92s crypto executive order so far. Coinbase chief policy officer Faryar Shirzad\x92s statement on Twitter (above) is one such example. More importantly, bitcoin rose by about 10% in trading on Wednesday morning, trading at around $42,500 at the time of this writing. As usual with the crypto market, all the other digital coins went up with bitcoin. The entire crypto market cap rose by around $143.43 billion (about 8.5%) to $1.816 trillion. Click here to read the full article. See the original version of this article on BGR.com View comments", "If you purchase an independently reviewed product or service through a link on our website, BGR may receive an affiliate commission. President Biden issued an executive order on Wednesday outlining a plan to regulate cryptocurrency. Biden\x92s crypto order was in the making for several weeks. But it\x92s unrelated to the Russia-Ukraine war and the economic sanctions the West imposed on Russia in recent days. While some feared the executive order might harm bitcoin and the blockchain economy, the tone of the executive order is a lot more optimistic. The White House acknowledges the benefits of cryptocurrencies and the growing interest among US and global consumers to invest and use digital currency. Today's Top Deals KN95 masks made in the USA are in stock and discounted at Amazon! Amazon's #1 best-selling bed pillows with 118,000 5-star reviews have a rare discount today You won't believe how good the Amazon deals are on this special page! Moreover, the Biden administration says the US \x93must maintain technological leadership in this rapidly growing space,\x94 and it \x93must play a leading role in international engagement and global governance of digital assets consistent with democratic values and US global competitiveness.\x94 Don't Miss : Wednesday\x92s deals: $8 COVID tests, AirPods Pro, Apple Watch SE, $120 robot vacuum, more It\x92s not the Russia-Ukraine war The US sanctions against Russia were announced in the early days of the war. The European Union and other countries joined in with similar sanctions to impede Russia\x92s ability to finance its war efforts. Separately, many companies suspended operations in Russia. Many speculated that Russia would move to bitcoin and cryptocurrencies to avoid sanctions. However, it soon became clearer that moving an entire economy to crypto was an impossible task. Moreover, exchanges like Coinbase and Binance announced they are complying with sanctions directed at Russian entities. Biden\x92s crypto executive order being announced in the middle of a massive conflict between Russia and Ukraine might seem like it\x92s a part of a larger effort to contain the Russian threat. But reports dating back to late January have been saying the executive order was imminent. Those reports said the Biden administration planned to kickstart a strategy for regulating bitcoin and cryptocurrencies at the federal level. That\x92s essentially what the order is doing. Bitcoin Ethereum Litecoin XRP What is Biden\x92s crypto executive order? The White House describes Biden\x92s crypto executive order as \x93the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.\x94 Story continues The Biden administration acknowledges the massive growth of the crypto market, which ballooned to over $3 trillion in November 2021. The entire crypto market cap was at just over $14 billion five years before that. Moreover, the administration said that 16% of adult Americans have invested in , traded, or used cryptocurrencies. The announcement also notes that over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs). These are digital forms of money based on blockchain technology. With that in mind, Biden\x92s crypto executive order \x93lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; US leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.\x94 The digital dollar Biden\x92s crypto executive order also notes that the administration will explore a digital dollar \x93by placing urgency on research and development of a potential United States CBDC, should issuance be deemed in the national interest.\x94 US Secretary of the Treasury Janet L. Yellen also released a statement explaining what comes next from the government: Under the executive order, Treasury will partn
**Last 60 Days of Bitcoin's Closing Prices:**
[41911.60, 41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27, 41982.93]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-10
**Financial & Commodity Data:**
- Gold Closing Price: $1998.10
- Crude Oil Closing Price: $106.02
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $764,023,656,000
- Hash Rate: 198582493.2632936
- Transaction Count: 261553.0
- Unique Addresses: 687025.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.28
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • Bitcoin rose nearly 9% on Tuesday, recovering from six-month lows the day before.
• Ethereum rival solana rallied 12%, while ether edged up 7% to above $2,400.
• Cosmos rose 15% on news of upcoming airdrops and successful bridging with polkadot
• Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Cryptocurrencies rebounded strongly on Tuesday, breaking a string of heavy losses over the previous few days and defying broad weakness on the stock market.
Financial markets have experiencedwild volatilityas investors await the outcome of the Federal Reserve's first policy meeting of the year this week. Investors will scour policymakers' comments to gauge how quickly the central bank is likely to raise interest rates this year and withdraw the economic stimulus put in place during the depths of the pandemic.
The era of ultra-low interest rates and benign inflation appear to be coming to an end, which has rattled the asset classes that benefit most from this combination, such as technology stocks and speculative assets like bitcoin. The Nasdaq 100 index of tech stocks is now firmly in correction territory, while bitcoin is now worth less than half of what it was when it hit a record of around $69,000 in November.
Leading digital currencybitcoinwas up 8% in the last 24 hours to $36,455, having hit a six-month low below $33,000, which analysts said may leave it vulnerable to another selloff.Etherwas up 7% on the day at around $2,417, but was still nursing a weekly loss of 23%, according to CoinMarketCap.
"As seen last week, the risk-off nature of markets at the moment is not isolated to equities. Crypto, basically risk assets on steroids, continues to face headwinds, with bitcoin now down more than 50% from the November peak, and looking ready for a test of the psychologically important $30,000 mark," Caxton FX strategist Michael Brown said.
Among the altcoins, the cosmos network's atom token was one of the biggest gainers of the day, up 16% in the last 24 hours to around $35.56.
One of drivers of the outperformance in cosmos for somemarket watcherswas the recent link, or bridge, to the polkadot network, which will allow the two blockchains to exchange data.
Also, an airdrop of atom tokens to users that stake coins on the cosmos network added to the bullish undertone. Cosmos is aproof-of-stake networkthat relies on users staking their existing coins to provide computing resources that help to maintain the network and process transactions in return for rewards in the form of tokens via airdrops. The greater the reward to those staking their coins on the network, the more users will be drawn to that blockchain.
In spite of the rally on Tuesday, the mood in the crypto market remained cautious. TheCrypto Fear and Greed index,a gauge of market sentiment based on a number of metrics, was at 12, its lowest since January 8 and reflecting "extreme fear". A reading above 40 would indicate "greed". The index was last at this level in late December.
Read the original article onBusiness Insider...
- Reddit Posts (Sample): [['u/FuccItDude', 'The risk is worth it 100% IMO', 372, '2022-03-10 00:22', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/', "Its the boldest investments that truly change peoples lives. This is NOT a comparison to sfm but for a moment, just think of the people who bought:\n\nBTC in 2010-2013\n\nTesla in 2010-2013\n\nApple early 90s & early 2000s\n\nIt doesn't even have to become the biggest tech company in the world or the biggest crypto in the world. Take these examples.\n\nGME in 2019\n\nDOGE in 2017-2019\n\nBNB in 2017\nJust to name a few. I could go on and on.\n\n\n\n\nWhat do they all have in common? They invested in these companies/assets way before the crowd did. People called them crazy for it, that they were investing in unproven companies and assets (which is true). They believed in the potential of their investments and now they're millionaires. \n\nSafeMoon is NOT like any of the above mentioned companies. They are however, an emerging company that promises some good things. It might turn out to be nothing, but those of us who take the risk now and stay the course will be millionaires IF it succeeds in the future. We can sit here and analyze every single detail, but the fact is that NONE of us know whats gonna happen in a year, 2 or 5 years. It might be shit or it might be great.\n\nSo Im choosing to be that kind of investor here with SFM. If it fails, nothing changes in my life. Its gonna suck to hear the news, but I'll be just fine. If it succeeds however, I'll be rich. Thats a calculated risk im willing to take.", 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/', 'takk7f', [['u/Ballwinder', 35, '2022-03-10 00:26', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01doqq/', 'Aiming for the moon bro', 'takk7f'], ['u/FuccItDude', 35, '2022-03-10 00:28', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01dyls/', "Its moon or bust for me. We can't change our lives by settling for a couple bucks.", 'takk7f'], ['u/moonshine-whiskey', 25, '2022-03-10 00:31', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01edfv/', 'We’ll said my man 🙌🏻 I’m with you in that one 💫', 'takk7f'], ['u/Dense-Confection-653', 10, '2022-03-10 00:34', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01etmi/', 'Yes in hindsight those were great picks but there were thousands of others that failed or went nowhere. Not every company is going to be an Amazon and not every token is going to be a Bitcoin. More will fail than will succeed.', 'takk7f'], ['u/Ballwinder', 12, '2022-03-10 00:37', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01fav5/', "Same here. It's a risk I rather take than leave. Who knows, when volume goes crazy I might spend some reflections, but I am here till my goal...early retirement.", 'takk7f'], ['u/safemoonpsychonaut', 73, '2022-03-10 00:43', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01g2ub/', 'I made out big on a small investment in doge in 2019. The last of my profits are about to get yoloed into sfm as soon as it clears into my bank. Im taking the risk. 💪🏻', 'takk7f'], ['u/Ballwinder', 14, '2022-03-10 00:54', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01ho9t/', 'My goal is around $0.07-$0.09. And for sure I will leave a good bag behind for reflections.', 'takk7f'], ['u/-Gooost-', 22, '2022-03-10 01:14', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01kclt/', "I didn't get into crypto to be risk averse. Roll them dice!!!", 'takk7f'], ['u/MassCannaClub', 10, '2022-03-10 02:43', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01vzu3/', 'This my dude is precisely my mindset on this play! I’m in it for the long haul! Let’s goooo!!!', 'takk7f'], ['u/mlotto7', 14, '2022-03-10 03:13', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i01zyuu/', "My life has been changed by disciplined, steady, consistent investing the most. I have done OK on crypto, but for every win like DOGE where I made an amazing return, there is a dud like Safemoon with 95% loss. \n\n\nAs someone who has DONE it...I disagree with you. It isn't the boldest investment that changes one's life - unless you consider poverty. It is being disciplined and patient.", 'takk7f'], ['u/FlokiTheBengal', 33, '2022-03-10 03:55', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i025kla/', 'Once the money clears with the bank, let me know so I can help you validate your wallet.', 'takk7f'], ['u/slickeyes', 12, '2022-03-10 05:30', 'https://www.reddit.com/r/SafeMoon/comments/takk7f/the_risk_is_worth_it_100_imo/i02h05v/', 'Insert seed phrase here ☝🏻 😂', 'takk7f']]], ['u/54545455455555', 'we all know a large number of the troll accounts that attack the Bitcoin project are Russian and with the war going on it seems that there are far fewer trolls in this sub', 26, '2022-03-10 01:03', 'https://www.reddit.com/r/btc/comments/talewx/we_all_know_a_large_number_of_the_troll_accounts/', "I watched the active user numbers and record them every hour for the last year or so and we are at by far the lowest I've ever seen it around $150. At the heights there were well over a thousand users active at any given time then in the mid 400s.", 'https://www.reddit.com/r/btc/comments/talewx/we_all_know_a_large_number_of_the_troll_accounts/', 'talewx', [['u/MobTwo', 14, '2022-03-10 06:24', 'https://www.reddit.com/r/btc/comments/talewx/we_all_know_a_large_number_of_the_troll_accounts/i02mo83/', 'I would suggest that recent mod actions have something to do with it. There had been some changes made recently which got rid of many trolls and made this place much less welcoming for them.', 'talewx']]], ['u/marslunar', 'What Does Everyone See in Block (SQ)?', 56, '2022-03-10 01:35', 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/', "Block Stock has an awful risk/reward ratio.\n\nWithout Bitcoin Revenue and Cost of Bitcoin Revenue (A seemingly strange addition to a financial statement), Block has only 7.6b in revenue for FY21. While growth is still seemingly good, gross profit margins are 24.39%, and net margins are 0.93%. \n\n&#x200B;\n\nPaypal on the other hand has a 47.38% gross margin and a 16.31% net margin, competing in similar fields (Clover deal for PoS). They are already a 20%+ free cash flow margin machine. Plus, they have an Amazon deal on the way. All the while, they are at 25b in annual revenue.\n\n&#x200B;\n\nBlock is focused too broadly, and it's becoming increasingly confusing on how to describe Block. Is it a PoS company? A crpyto company? \n\n&#x200B;\n\nEnterprise Value of PYPL: 128.8B\n\nEnterprise Value of SQ: 71.33B\n\nSeems like everyone has a lot of high hopes for SQ to execute on everything.", 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/', 'tam1nx', [['u/BIGMEECH_300', 41, '2022-03-10 02:34', 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/i01uqwi/', 'Not even their Bitcoin revenue but also their cash app revenue I believe jumped 20-40% YoY— the fact their making Bitcoin mining a open source, have acquired a buy now pay later company, and have cash app is a lot of revenue to continue growing in the future. \n\nBlock revenue streams:\n•Payment processing\n•Lender \n•Stocks and crypto \n•PoS \n\nSeems like to me their a financial services rolled up into one company— you can buy and trade crypto plus stocks, file and receive taxes, buy clothing on credit, process payments for merchandise and send payments via P2P. Between cash and Square— Block is real a financial services power house. I wouldn’t be surprised if they started conducting audits for companies(it’s a joke)', 'tam1nx'], ['u/Winter_ls_Coming', 13, '2022-03-10 02:56', 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/i01xqd3/', 'How did you get so smart?', 'tam1nx'], ['u/pippo-rizzo', 34, '2022-03-10 03:27', 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/i021sl6/', 'It is all about Ecosystem and who has the best UI. Fintech is a race to the bottom of cost, the most integrated ecosystem and offering superior software and UI. \n\nBlock is ahead of the competition right now including PayPal in being innovative and in tune with what their customers want. They have a vision while most financial institutions are sitting at the board with fatcats trying to maintain the status quo. \n\nMost importantly is the ecosystem and having a full suite of products and services that your customers don’t need to go anywhere else. I think Block is the only one that has that. Profits come later.\n\nEdit: Also 15% back in Bitcoin when you use your cash card at Shake Shack', 'tam1nx'], ['u/marslunar', 10, '2022-03-10 04:00', 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/i0264jr/', 'Yeah, but what ecosystem do they have built currently? They have cash app and square in its current state, but they’re allocating everything at speculative bets that we have yet to see play out. That screams risk. They are being valued as if they have secured and fully built out a coherent monetized ecosystem based on a long term play on Bitcoin specifically, including Tidal.', 'tam1nx'], ['u/joltjames123', 12, '2022-03-10 05:51', 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/i02j8yt/', 'I bought it about 12 months go and really regret it, done awful', 'tam1nx'], ['u/Beneficial_Sense1009', 29, '2022-03-10 12:44', 'https://www.reddit.com/r/stocks/comments/tam1nx/what_does_everyone_see_in_block_sq/i03glnm/', 'Block is a super interesting business.\n\nHer...
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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38794.97, 38904.01, 37849.66, 39666.75, 39338.79, 41143.93, 40951.38, 41801.16, 42190.65, 41247.82
|
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 popular video subscription platformOnlyFanssays it donated 500 ETH (roughly $1.3 million) toUkraineDAO, a decentralized autonomous organization raising funds to support Ukraine during its war against Russia.\nA representative of OnlyFans told CoinDesk the donation is a part of the company’s larger charitable effort to support Ukraine, led by OnlyFans’ Ukrainian-American owner Leonid Radvinsky.\nThe company says it has now sent over $5 million to various humanitarian efforts supporting the country, with an additional $1 million donation planned to be sent March 15.\n“These tragic events have had a terrible impact on individuals including members of our creator community,” Ami Gan, CEO of OnlyFans, said in a statement. “Given our strong personal ties to Ukraine, we wanted to support in a way which felt true to who we are at OnlyFans and which focused on getting aid and support to the Ukrainian people.”\nUkraineDAO has been a leading crypto contributor to Ukraine’s government in recent weeks, which has now received over $50 million in crypto donations sincetweeting outits ether (ETH) and bitcoin (BTC) addresses in February.\nThe DAO was formed by Russian art collective Pussy Riot and non-fungible token (NFT) studio Trippy Labs, with its largest single donation coming from a $6.5 millioncrowdfunded NFT saleon March 2, to which OnlyFans’ 500 ETH donation contributed.\nAt the point that OnlyFans made the 500 ETH donation, the DAO was stalled at about half of the 1,000 ETH reserve amount, a representative said. The OnlyFans donation pushed the amount over the top, and from that point on more donations began to pile in.\nRead more:Ukrainian Flag NFT Raises $6.75M for Country’s War Efforts', 'The popular video subscription platform OnlyFans says it donated 500 ETH (roughly $1.3 million) to UkraineDAO , a decentralized autonomous organization raising funds to support Ukraine during its war against Russia. A representative of OnlyFans told CoinDesk the donation is a part of the company’s larger charitable effort to support Ukraine, led by OnlyFans’ Ukrainian-American owner Leonid Radvinsky. The company says it has now sent over $5 million to various humanitarian efforts supporting the country, with an additional $1 million donation planned to be sent March 15. “These tragic events have had a terrible impact on individuals including members of our creator community,” Ami Gan, CEO of OnlyFans, said in a statement. “Given our strong personal ties to Ukraine, we wanted to support in a way which felt true to who we are at OnlyFans and which focused on getting aid and support to the Ukrainian people.” UkraineDAO has been a leading crypto contributor to Ukraine’s government in recent weeks, which has now received over $50 million in crypto donations since tweeting out its ether (ETH) and bitcoin (BTC) addresses in February. The DAO was formed by Russian art collective Pussy Riot and non-fungible token (NFT) studio Trippy Labs, with its largest single donation coming from a $6.5 million crowdfunded NFT sale on March 2, to which OnlyFans’ 500 ETH donation contributed. At the point that OnlyFans made the 500 ETH donation, the DAO was stalled at about half of the 1,000 ETH reserve amount, a representative said. The OnlyFans donation pushed the amount over the top, and from that point on more donations began to pile in. Read more: Ukrainian Flag NFT Raises $6.75M for Country’s War Efforts', 'Cybersecurity stocks are in the limelight, especially because the Russian invasion of Ukraine may lead to cyber wars. With economic sanctions imposed on Russia by the U.S. and Europe, investors are increasingly worried cyberattacks against Ukraine and other targets may occur.\nEven before the invasion began, numerous ransomware attacks and data breaches unrelated to the conflict caused significant damage for enterprises. As a result, investment bank Wedbush analystDan Ives suggests, the growth stories related to cybersecurity are “unmatched to what we have seen the last decade.”\nSimilarly, market research firmGartner suggestsglobal cybersecurity spending will jump 11% in 2022 to $172 billion from $155 billion in 2021. Yet, worries about inflation and rate hikes have pushed high-growth cybersecurity stocks down to more reasonable valuations.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n• 8 Strong Uptrend Stocks to Buy on the Next Dip\nThe price decline has created an attractive buying opportunity in the cybersecurity space. However, short-term volatility should remain high. With that said, here are seven cybersecurity stocks that should continue to thrive in the long-run:\n• Cloudflare(NYSE:NET)\n• CrowdStrike(NASDAQ:CRWD)\n• Fortinet(NASDAQ:FTNT)\n• Palo Alto Networks(NASDAQ:PANW)\n• SentinelOne(NYSE:S)\n• Tenable Holdings(NASDAQ:TENB)\n• Zscaler(NASDAQ:ZS)\nSource: IgorGolovniov / Shutterstock.com\n52 week range:$63.25 – $221.64\nWe start with San Francisco, California-basedCloudflare, acloud securityand content delivery network (CDN) servicesprovider. The companyrelies on its global network to protect corporate resources and infrastructure. Cloudflare One is a secure access service edge (SASE), providing employees with a fast and secure connection to business applications.\nCloudflare releasedfourth-quarter 2021 resultson Feb. 10. Revenue totaled $193.6 million, up 54% year-over-year (YOY). Net income came in at $100,000 compared to a net loss of $7.4 million in the prior-year quarter. Cash and equivalents ended the period at $1.82 billion.\nIts total number of large customers, or those spending more than $100,000 annually, increased 71% in 2021. Cloudflare’s Q4 net retention rate stood at 125%, meaning customers spent $1.25 for every $1 they spent during the same quarter last year. The company is guiding for about 42% revenue growth in 2022.\nCloudflare stock trades around $95, up more than 34% over the past 12 months. Despite dropping 27% year-to-date (YTD), shares still have a lofty valuation at 52 times trailing sales. The 12-month median price forecast for Cloudflare stockstands at $147.\nSource: VDB Photos / Shutterstock.com\n52 week range:$150.02- $298.48\nSunnyvale, California-based Crowdstrike is currently the largest pure-play security vendor by market capitalization. Its Falcon architecture offers cybersecurity solutions powered by artificial intelligence (AI). It provides endpoint security services and proactive threat intelligence offerings.\nCrowdstrike announced strongQ3 FY 2022 resultsin early December. Revenue increased 63% YOY to $380.1 million. Adjusted net income stood at $41.1 million, or 17 cents per diluted share, up from $18.6 million a year ago. Free cash flow was $123.5 million. Cash and equivalents ended the quarter at $1.91 billion.\nAs of Oct. 31, 2021,annual recurring revenue (ARR) increased 67% YOY to $1.51 billion. In addition, more than two-thirds of existing subscribers have purchased four or more cloud-module subscriptions, which lifted the adjusted subscription gross margin to almost 80%.\n• 7 Best Long-Term Stocks to Buy for 2022\nCRWD stock trades around $193. Shares have declined more than 35% from their peak in November, yet they are still not cheap, trading at 204 times forward earnings and 31.8times trailing sales. The 12-month median price forecast for Crowdstrike stockis at $257.\nSource: Sundry Photography / Shutterstock.com\n52-week range:$167.08 – $371.77\nNext up is Sunnyvale, California-based Fortinet, a cybersecurity vendor focused on designing firewalls and the chips that power them. Fortinet’s products include firewalls, unified threat management appliances and network security. These products run on the company’s security platform, Security Fabric.\nFortinet issuedQ4 2021 resultsin early February. Revenue increased 29% YOY to $963.6 million. Net income came in at $205.8 million, or $1.23 per diluted share, up from $175.5 million, or $1.06 per diluted share, in the prior-year quarter. Cash and equivalents ended the period at $3 billion.\nGrowth in 2021 was primarily fueled by a 37% increase in product revenue. As a result, free cash flow in 2021 soared 32% YOY to a record $1.2 billion. Thanks to a new upgrade cycle in data centers and networking equipment, management is forecasting at least another 28% increase in sales in 2022.\nFTNT stock is currently valued at about $280, up 57% over the past 12 months. Shares are trading at 66.2 times forward earnings and16.3 times trailing sales. The 12-month median price forecast for Fortinet stockstands at $361.\nSource: Sundry Photography / Shutterstock.com\n52-week range:$311.56 – $598.96\nPalo Alto Networksremains the largestpure-playcybersecurity operation by revenue. The company is a leader in various categories, including enterprise firewalls, endpoints, security automation, zero-trust access and vulnerability management.\nPalo Alto releasedQ2 FY22 resultson Feb. 22. Revenue grew 30% YOY to $1.32 billion while billings increased 32% YOY to $1.61 billion. Net income grew 20% to $185 million, or $1.74 per diluted share, up from $154.2 million a year ago.\nIts next-generation cloud-based security services and AI-powered threatdetection platform remain key growth drivers. As a result, Palo Alto Networks estimates its Q3 billings to grow 24% to 25% and total revenue will increase 25% to 27%.\n• 7 Telecom Stocks to Buy for March\nPANW stock currently exchanges hands around $545, up more than 56% over the past 12 months. Shares are trading at 81.3 times forward earnings and 11.6 times trailing sales. The 12-month median price forecast for Palo Alto Networks stockis at $622.50.\nSource: Tada Images / Shutterstock.com\n52 week range:$31.83 – $78.53\nNext on the list is Mountain View, California-based SentinelOne, which operates an AI-powered endpoint security platform that identifies and stops cyberattacks in real-time. In June 2021, an initial public offering (IPO) raised $1.2 billion in cash andvalued the companyat $10 billio
**Last 60 Days of Bitcoin's Closing Prices:**
[41821.26, 42735.86, 43949.10, 42591.57, 43099.70, 43177.40, 43113.88, 42250.55, 42375.63, 41744.33, 40680.42, 36457.32, 35030.25, 36276.80, 36654.33, 36954.00, 36852.12, 37138.23, 37784.33, 38138.18, 37917.60, 38483.12, 38743.27, 36952.98, 37154.60, 41500.88, 41441.16, 42412.43, 43840.29, 44118.45, 44338.80, 43565.11, 42407.94, 42244.47, 42197.52, 42586.92, 44575.20, 43961.86, 40538.01, 40030.98, 40122.16, 38431.38, 37075.28, 38286.03, 37296.57, 38332.61, 39214.22, 39105.15, 37709.79, 43193.23, 44354.64, 43924.12, 42451.79, 39137.61, 39400.59, 38419.98, 38062.04, 38737.27, 41982.93, 39437.46]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2022-03-11
**Financial & Commodity Data:**
- Gold Closing Price: $1982.70
- Crude Oil Closing Price: $109.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $746,232,236,838
- Hash Rate: 188995752.2092036
- Transaction Count: 252383.0
- Unique Addresses: 659116.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.22
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BeInCrypto –
The 2022 CryptoCompare Outlook report reveals that 2022 will likely be a year of NFTs, DeFi, and regulation, as well as institutional growth. Among the more notable insights is the fact that bitcoin-based products lost some of their dominance in 2021 as institutional investors begin turning to other assets.
This storywas seen first onBeInCryptoJoin our Telegram Groupand get trading signals, a free trading course and more stories likethisonBeInCrypto...
- Reddit Posts (Sample): [['u/cwm9', 'Explain to me how Terra/Luna is not a scam', 863, '2022-03-11 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/', 'Edit: *Thanks to everyone who replied with kind words. I hope this post kept at least some people from investing their life savings into Luna/Terra. For any that did lose their life savings: you can rebuild your savings, but your brothers/sisters/mother/father/sons/daughters/friends can\'t ever buy your life back. Also, some warnings to anyone tempted to pick up a few hundred thousand Luna at a few hundredths of a cent each: Warning 1: don\'t forget that the number of Luna has exploded from 360 million to 6.5 trillion: about 18,000 X, and UST still isn\'t worth $1. You will need to buy about 18,000 Luna today to have the same effective Luna stake as you did before the drop. So, if you\'re paying .00033 cents/Luna be aware that you\'re paying the equivalent of 18,000 * .00033 = $5.94 for one "before the crash Luna." That\'s 1/16 of the high. For a coin that just crashed this hard, I\'d think twice before paying 1/16 of peak value. Warning 2: If I understand correctly, they\'re thinking about allowing the* accelerated *minting of Luna to stabilize UST. If that happens, I think you\'ll be looking at total minted Luna going from Trillions to Quadrillions (and maybe beyond). If they let that happen, you should expect the value of Luna to fall additional orders of magnitude in response... and the coins you paid 33 milli-cents for may be worth 33 micro-cents. ($33 per MegaLuna? Is that the new marketing name?)*\n\n---------------------\n\nI was interested in investing in Terra after hearing about it, but after doing basic early research, I now have big qualms. Help me understand why I\'m wrong... Or confirm my concerns.\n\nHere\'s the problem I have with Terra:\n\nAssume I own the entirety of Terra at the start and there are only UST Terra.\n\nSuppose 1 Luna = 1 USD and there are 2 Luna in existence.\n\nSuppose 1 UST = 1.01 USD and there is 1 UST in existence.\n\nMy Terra+Luna+USD universe is worth $3.01.\n\n \n\n\nNow suppose in order to peg UST, I burn 1 Luna and mint 1 UST and sell it.\n\n \n\n\nI get:\n\n \n\n\n1 Luna > 1 USD (equivalent) (it\'s claimed, since supply went down)\n\n1 UST = 1 USD (equivalent)\n\n(Sold UST) = 1.01 USD (cash from the UST I sold)\n\n(total) > 3.01 USD\n\nThe total value of my universe must now be worth >$3.01, if the claim that the value of Luna rises is true.\n\n*All I did was sell a token for the price it was worth, and suddenly it\'s claimed that the net worth of my universe is now greater than it was.*\n\nIt makes no sense to me that minting a UST token by moving value from one pool to another should yield created value in the pool that had value *taken from it*.\n\nThis smells to me of a complicated, well obfuscated, Ponzi scheme.\n\nThe more UST you mint, the less Luna there is. The drop in total minted Luna makes people \\*think\\* Luna should be worth more, so they buy it. In reality the total network includes both Luna AND Terra and the value of Luna shouldn\'t have changed at all.\n\nBut go the other way: when people start selling their UST because they want to go back to bitcoin, they mint Luna and sell it. Now the price of Luna goes down. The fact that the price is going down and total coins minted is rising encourages the selling of Luna making the price drop farther. If the price drops too far, it can no longer support the burning of UST to get a dollar by selling Luna.\n\nAs far as I can tell, buyers of Luna are basically the pansies that are paying for the exit of UST bag holders. Once people don\'t want to buy Luna, any remaining Luna and UST holders are screwed.\n\nIt seems to be that as fast as Luna is rising, that\'s how fast it can fall.\n\nExplain to me how this isn\'t true.', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/', 'tbcrkh', [['u/cwm9', 10, '2022-03-11 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06c8h4/', "Not mad at all. Explain to me how I'm wrong so I can feel good about investing.", 'tbcrkh'], ['u/PossibleHypeMan', 172, '2022-03-11 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06c8w9/', "Two immediate comments yelling fud, zero comments so far answering OP's question. Sounds about right.", 'tbcrkh'], ['u/Wonzky', 14, '2022-03-11 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06cmrq/', 'No one actually answering OP and just yelling FUD. I like LUNA personally but the amount of people with their fingers in their ears is ridiculous', 'tbcrkh'], ['u/Main_Sergeant_40', 62, '2022-03-11 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06d2dd/', '\n\nFor real though', 'tbcrkh'], ['u/Lolitarose_x', 30, '2022-03-11 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06dt1m/', "I don't have the answer but I am ready to read these comments", 'tbcrkh'], ['u/Flaky_Protection7634', 15, '2022-03-11 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06eeel/', 'Some of the replies on this thread shows you how not many people know anything and are just here for the money 😂', 'tbcrkh'], ['u/Numerous_Sport_2774', 15, '2022-03-11 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06el07/', 'Hello my name is reddit nice to meet you.', 'tbcrkh'], ['u/NoVegas0', 32, '2022-03-11 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06fiz3/', 'You raise an interesting point but there are some things i dont exactly follow.\n\nUST and Luna work on an ecosystem scale, so scaling it down actually breaks it....so i have a hard time following what your saying because the math already starts broken.\n\nAt scale, Luna is burned to create UST which creates scarcity of Luna and drives its price up. UST is scaled by its supply up and down to match the USD, this is also balanced out byt he burning and mint back and forwth between UST and Luna. \n\nIf the price of Luna drops alot, it makes sense that the algorithm would continue to burn UST to create more Luna even if that means making more then 1 Luna per 1 UST. it seems like basic mathmatics to me.\n\nLuna is balanced by mathematics so theoretically there is no upper or lower limit to how much could be burned or minted. can you elaborate on the problem?', 'tbcrkh'], ['u/cwm9', 29, '2022-03-11 01:38', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06h1k8/', 'Here the issue as I see it in a nutshell:\n\nThe idea of Terra sends to be that you have two value pools, an unstable coin value pool and a stable coin value pool.\n\nWhen your stable coin loses it\'s peg, you move value from/to the unstable coin value pool in order to repeg the stable coin.\n\nBut this process should be value neutral: if I move 1 loaf of bread in value from one pool to the other, the total value of both pools added together should be a constant. I can\'t "make bread" just by rebalancing my value pools.\n\nBut for this to be true, the value of your unstable coin can\'t change even you repeg.\n\nThat means the claim that Luna should rise is value is based on nothing more than perception: there\'s less if it around, so you should be willing to pay more for it, not because it\'s inherent value went up in any way.\n\nThe network appears to "create value" out of thin air.\n\nBut when driven the other way, it will also destroy value just as fast.', 'tbcrkh'], ['u/DystopianFigure', 162, '2022-03-11 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06hlx9/', "You don't need to mint Luna when selling UST or burn Luna when buying UST. They have value independent of each other. You can use the burning function if you want but only if you want to burn Luna to mint UST. \n\nThe reason this mechanic exists is to incentivise users to burn/mint Luna when demand is too high/low. It's a decentralized network so the incentives are supposed to work this way and help balance the supply.\n\nYour understanding of Luna tokenomics is lacking a lot of information.\nhttps://medium.com/bankless-dao/tokenomics-101-terra-ecosystem-cbbca4a03205\n\nI think you also need to look into the overall algo stablecoins and not just UST. This is not a unique mechanic of Terra. I found this article that may be useful:\n\nhttps://www.hashkey.com/algorithm-stablecoin-the-holy-grail-of-next-generation-defi/\n\nLuna's price is not just dependent on UST. It depends on all other Terra defi protocols as well as the entire ecosystem plus the supply/demand of the market and value of USD (which is experiencing massive inflation right now). Also Luna itself is not just to balance UST. It is used for staking (Terra is a PoS chain) and governance.\n\nOn top of all this Terra just raised a billion dollars worth of bitcoin to keep as reserve in case panic burning occurs.", 'tbcrkh'], ['u/DystopianFigure', 14, '2022-03-11 01:46', 'https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/i06i3hz/', "I think you need to look into the overall algo stablecoins and not just UST. This is not a unique mechanic of Terra. I found this article that may be useful:\n\nhttps://www.hashkey.com/algorithm-stablecoin-the-holy-grail-of-next-generation-defi/\n\nLuna's value comes from the ecosystem and not just UST. There are many other factors and defi protocols that influence Luna's value besides UST's market cap.\n\nAls...
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.
|
38904.01, 37849.66, 39666.75, 39338.79, 41143.93, 40951.38, 41801.16, 42190.65, 41247.82, 41078.00
|
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