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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 and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher.\nSee related article:MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC\n• Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according toCoinMarketCap data. Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%.\n• XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week.\n• Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is areportby payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time.\n• The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion.\n• The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bankSilvergate Capital cut 40%of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to theWall Street Journal, which cited people familiar with the developments.\n• U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%.\n• Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation.\n• The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12.\nSee related article:Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher.\nSee related article:MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC\n• Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according toCoinMarketCap data. Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%.\n• XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week.\n• Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is areportby payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time.\n• The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion.\n• The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bankSilvergate Capital cut 40%of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to theWall Street Journal, which cited people familiar with the developments.\n• U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%.\n• Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation.\n• The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12.\nSee related article:Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher. See related article: MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC Fast facts Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according to CoinMarketCap data . Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%. XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week. Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is a report by payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time. The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion. The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bank Silvergate Capital cut 40% of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to the Wall Street Journal , which cited people familiar with the developments. U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%. Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation. The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12. See related article: Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'While the world continues to reel from how far artificial intelligence has come with projects like ChatGPT, Chinese researchers recently claimed that they have been able to crack encryption using quantum computing\x97something scientists have assumed was years away from happening. A group of Chinese researchers published a " scientific paper " last month that said they used quantum computers to break a standard RSA algorithm that many industries\x97including banking, mobile phones, and data storage\x97use for their encryption measures. According to the Financial Times , the Chinese researchers said they had used their algorithm to factor a number with 48 bits on a quantum computer with ten qubits (quantum bits) and that they had not yet tried to scale it up to work on a much bigger system. Researchers Suggest Quantum Computers Only a Decade From Cracking Bitcoin While the claim has raised some concern about the state of the art in security, many experts consider the breakthrough to be impossible\x97at least for now. "A colleague of ours calls it the biggest hoax he has seen in about 25 years," Global Quantum Intelligence CEO & Co-Founder Andre Konig told Decrypt in an interview. "The paper itself doesn\'t announce anything really new." Konig calls the paper\'s claims hype-driven and a spin on existing methodologies and approaches, lacking a proof of concept that would demonstrate the successful breaking of current encryption standards. What is Encryption? Encryption helps protect information from being accessed even when it\'s intercep
**Last 60 Days of Bitcoin's Closing Prices:**
[20602.82, 18541.27, 15880.78, 17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-06
**Financial & Commodity Data:**
- Gold Closing Price: $1864.20
- Crude Oil Closing Price: $73.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $324,633,474,262
- Hash Rate: 305064103.23047346
- Transaction Count: 276071.0
- Unique Addresses: 685990.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The U.S. Securities and Exchange Commission is deepening its investigations into FTX, and the Commodity Futures Trading Commission (CFTC) is now investigating the cryptocurrency exchange as well, Bloomberg reported Wednesday. The Wall Street Journal subsequently reported that the U.S. Department of Justice was launching its own probe as well. Three sources told Bloomberg that the SEC and CFTC’s investigations are related to FTX’s liquidity crunch, which Binance CEO Changpeng “CZ” Zhao has called “ significant .” The SEC and CFTC are looking into how FTX has managed its customers’ money and are trying to get a clear understanding of FTX and FTX US’s organizational structures, according to the report. Any crossover between the two would be of concern to regulators, as well as any lack of separation between customer accounts. Two of the sources said the SEC had already been investigating FTX’s lending activities as well as its FTX US arm for months. But the SEC and the CFTC aren’t the only government agencies looking into FTX. The DOJ probe is reportedly related to possible fraud. Last month, the Texas Securities Board began investigating FTX, FTX US, and CEO Sam Bankman-Fried over alleged securities violations, according to a filing . The cryptocurrency market hit a massive speed bump earlier this week when Zhao and Bankman-Fried confirmed that Binance intended to acquire FTX. The news sent the price of FTX’s native token FTT into freefall, plummeting 78% in less than a day. Since then, Bitcoin has also hit a new two-year low , dropping below the $17,000 mark. FTX, Sam Bankman-Fried Under Investigation by Texas Regulators On Wednesday, Zhao published a note previously shared with Binance employees detailing instructions for how Binance would handle conversations surrounding FTX and its issues. “FTX going down is not good for anyone in the industry,” Zhao said. “User confidence is severely shaken. Regulators will scrutinize exchanges even more. Licenses around the globe will be harder to get.” FTX declined to respond to Decrypt ’s request for comment. When reached for comment, an SEC spokesperson told Decrypt via email that the SEC “does not comment on the existence or nonexistence of a possible investigation.”...
- 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.
|
16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63
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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:**
['The S&P 500 traded higher in the opening week of 2023 on optimism the Federal Reserve is making progress on taming inflation.\nOn Friday, the Labor Department reported the U.S. economy added223,000 jobsin December, exceeding economist estimates of 200,000 new jobs. However, wage growth dropped to just 4.6% in the month, indicating to investors that inflation is still trending lower.\nOn Wednesday, the Federal Open Market Committee released its Novembermeeting minutes, and the Fed\'s language suggested a pivot to interest rate cuts might not come as soon as some investors had hoped. The Fed said it was "likely to take some time" before the Fed was convinced inflation was on a "sustained downward path" to its 2% long-term target.\nElectric vehicle maker Teslareported 405,278fourth-quarter vehicle deliveries on Tuesday, missing analyst expectations of 420,760 deliveries and sending Tesla shares down to new multi-year lows. The Tesla sell-off continued on Friday morning after the company cut prices on its Model Y and Model 3 EVs in China for the second time in three months.\nThe Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued ajoint statementon Tuesday warning banks about the dangers of "frauds and scams" in the cryptocurrency market and "contagion risk within the crypto-asset sector." The statement came after the November collapse of cryptocurrency exchange FTX sent Bitcoin prices tumbling to their lowest levels in roughly two years.\nLamb Weston shares gained more than 10% this week after the frozen potato company reported a fiscal second-quarter earnings beat and raised its 2023 earnings guidance.\nIn the week ahead, fourth-quarter earnings season kicks off with reports from Bed, Bath & Beyond on Tuesday and big bank stocks Bank of America, Wells Fargo, Citigroup and J.P. Morgan Chase on Friday.\nAnalysts expect S&P 500 energy companies to report 64.4% earnings growth in the fourth quarter, the highest of any market sector, accordingto FactSet.\nIn the wake of the positive jobs report, Wall Street will get more key economic updates on Thursday when the U.S. Labor Department releases its December Consumer Price Index reading and on Friday when the University of Michigan releases its preliminary January U.S. Consumer Sentiment Index reading.\nMore:Southfield auto lender accused of predatory deals, setting up buyers to fail\nMore:Scammers pretend to be from your bank to drain your savings\nBenzingais a financial news and data company headquartered in Detroit.\nThis article originally appeared on Detroit Free Press:Don\'t expect interest rate cuts anytime soon', "Most people don’t think about the Federal Reserve very often, and only a select few contemplate the effects that the U.S. central bank has on investors. But over the past few years, that’s begun to change. Many economists and keen market watchers are making the case that years of loose monetary policies from the Fed and other central banks following the Great Financial Crisis (GFC) helped create an “ everything bubble ”—and now it’s popping. The everything bubble idea isn’t new. For years before 2022’s stock market woes, leading minds on Wall Street including the investing legend Jeremy Grantham warned about a brewing “superbubble.” The idea is that near-zero interest rates and quantitative easing (QE)—a policy where the Fed would buy mortgage-backed securities and government bonds to boost lending and investment in the economy—pushed investors toward riskier investments, allowed unsustainable business models to thrive on cheap debt, and fueled a “ savagely unhealthy ” surge in home prices. BOSTON, MA - NOVEMBER 5: Renowned investment manager Jeremy Grantham poses on a balcony at his Rowes Wharf office in Boston on Nov. 5, 2013. Grantham has made a fortune for his clients, and now hes pouring a good deal of his own wealth into environmental charities. With more than $500 million in two Grantham family foundations, he is among a handful of successful Boston investors emerging as the citys major new philanthropists. (Photo by Lane Turner/The Boston Globe via Getty Images) It’s early days, but in retrospect a lot of outlandish financial predictions accompanied this era of easy money. And the fallout for Americans hasn’t been pretty, as inflation continues to rage and recession fears mount. But there is a silver lining for the finance community. The everything bubble provided some of the most ridiculous—and hilarious—forecasts in history. From cryptocurrency experts and hedge fund managers to economists and investment banks, the easy money era was filled with bulls who believed the good times would never end. Here’s a look at some of their strangest calls. The Bitcoin bulls The cryptocurrency boom of 2020 and 2021 was unprecedented. Between January 2020 and the peak of the crypto fervor in November 2021, the industry’s total value grew to over $3 trillion and Bitcoin prices soared roughly 800%. The crypto faithful were sure that the party was just beginning. Billionaire venture capitalist Tim Draper said in June 2021 that Bitcoin would hit $250,000 by the end of 2022. “I think I’m going to be right on this one,” he assured CNBC ’s Jade Scipioni. Story continues Bitcoin ended up finishing 2022 just above $16,500, but just last month, Draper repeated his call for Bitcoin to hit $250,000—this time he said it would be by the middle of 2023. “I expect a flight to quality and decentralized crypto like bitcoin, and for some of the weaker coins to become relics,” Draper told CNBC . Tim Draper did not respond to Fortune ’s request for comment. Draper wasn’t the only leading figure to jump on the Bitcoin train during the easy money era and make lofty forecasts either. ARK Invest’s Cathie Wood was the first public asset manager to gain exposure to Bitcoin via the Bitcoin Investment Trust (GBTC) as a part of her tech-focused exchange-traded ETFs in 2015. LISBON, PORTUGAL - 2022/11/02: CEO & Chief Investment Officer of ARK Invest, Cathie Wood, addresses the audience at Altice Arena Centre Stage during the second day of the Web Summit 2022 in Lisbon. The biggest technology conference in the world is back in Lisbon. The conference will discuss new technological trends for four days and how they will influence people's lives. 70,000 people expected to participate in the event. (Photo by Hugo Amaral/SOPA Images/LightRocket via Getty Images) The bet led Wood to face serious criticism from her peers, but barring a brief crypto winter in 2018, it paid off as Bitcoin’s price soared to over $65,000 by November 2021. Wood was sure that the good times would last throughout the bull market. In November 2020, she told Barron ’s that institutional adoption of crypto would drive Bitcoin’s price to $500,000 by 2026 and repeatedly “ bought the dip ” whenever Bitcoin prices fell. Wood even told The Globe and Mail in a February 2020 interview that Bitcoin was “one of the largest positions” in her retirement account. The ARK Invest CEO remained bullish even at the start of 2022, when Bitcoin prices had fallen from their highs of over $65,000 to just under $50,000. She argued that the leading cryptocurrency would touch $1 million by 2030 in ARK’s “ Big Ideas 2022 ” annual research report. Since then Bitcoin’s price has dropped more than 60%, but Wood and her team aren’t fazed, and still believe that their prediction is fair. “We think Bitcoin is coming out of this smelling like a rose,” Wood told Bloomberg in December, arguing that institutions will eventually buy into Bitcoin after it is “battle tested” by the crypto winter. Cathie Wood did not respond to Fortune ’s request for comment. Tom Lee, head of research at Fundstrat Global Advisors, who previously served as chief equity strategist at JPMorgan and spent over 25 years on Wall Street, has also been a perennial Bitcoin bull. In early 2022, he predicted that Bitcoin would hit $200,000 in the coming years. And despite the recent fall, which he admitted has been “horrific” for investors, Lee told CNBC in November that he still believes Bitcoin will come out of the current downtrend and hit his target. But while many crypto forecasters are sticking by their lofty estimates, Wall Street has been walking back some of theirs. Tom Lee did not respond to Fortune ’s request for comment. Lofty stock market forecasts Investment banks made some pretty dramatic forecasts during the cheap money era. After the stock market soared throughout the pandemic, returning 28% to investors, Wall Street was confident that things would slow down in 2022, but not to the extent that they actually did. Investment banks expected the S&P 500 to end 2022 at 4,825, representing only a mild 1% gain for the year. Instead, the blue-chip index dropped roughly 20%. The (perhaps unwarranted) bullishness among investment banks was particularly clear when looking at the price targets for growth stocks that benefited from pandemic trends. The online used car retailer Carvana , for example, soared throughout the pandemic as used car prices rose to record highs. The firm was able to take advantage of consumers’ inability or unwillingness to shop for vehicles in person during COVID, leading some analysts to give incredibly bullish forecasts. In January 2022, Morgan Stanley’s auto analyst Adam Jonas called Carvana the “ apex predator in auto retail” and assigned a $430 12-month price target to the stock. Since then, shares of the online car retailer have plummeted more than 97% to just $4.48—and some analysts believe more pain lay ahead for investors. NEW YORK - JUNE 09: Morgan Stanley headquarters are seen June 9, 2009 in New York City. Morgan Stanley is one of ten lenders that won U.S. Treasury approval to pay back $68 billion in funds from the Troubled Asset Relief Program (TARP). (Photo by Mario Tama/Getty Images) Morgan Stanley did not respond to Fortune ’s request for comment. New Construct’s CEO David Trainer war
**Last 60 Days of Bitcoin's Closing Prices:**
[18541.27, 15880.78, 17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-07
**Financial & Commodity Data:**
- Gold Closing Price: $1864.20
- Crude Oil Closing Price: $73.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $326,065,016,700
- Hash Rate: 260999288.3194051
- Transaction Count: 246679.0
- Unique Addresses: 601071.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Baozun Inc (NASDAQ : BZUN) reported a third-quarter FY22 revenue decline of 8.3% year-on-year to $244.8 million, marginally beating the consensus of $244.5 million . Drivers: Gross Merchandise Volume (GMV) rose 15.9% Y/Y to RMB18.6 billion. Distribution GMV decreased 28.8% Y/Y to RMB559 million. Non-distribution GMV climbed 18.2% Y/Y to RMB18.1 billion. Segments: Product sales revenue declined 28.9% Y/Y to $69.9 million. Services revenue rose 3.8% Y/Y to $174.9 million. The non-GAAP operating margin was 1.0%, up from (4.4)% a year ago. Non-GAAP income from operations was RMB16.9 million ($2.4 million), compared to RMB(84.3) million loss a year ago. Non-GAAP loss per ADS of $(0.03) missed the consensus of $0.03. Baozun held $407.6 million in cash and equivalents. Vincent Qiu, Chair and CEO, commented, "Despite the ongoing challenging environment, I am encouraged with our business resilience. We continue to execute our medium-term plan with discipline, and strategically invest in our business to expand addressable market." Price Action: BZUN shares traded higher by 4.56% at $4.36 in the premarket on the last check Tuesday. See more from Benzinga Bilibili Clocks Healthy Q3 Revenue Growth, MPUs Jump 19% Snap Urges Employees To Resume Full Time Office Starting February Bitcoin, Ethereum, Dogecoin Start Week Lower: Analyst Says 'Most Will Leave Just Before Buy Of A Lifetime Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['$BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba.\nLondon, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system.\nOld Bitcoin ($BC)\nBC DAO\nThe foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution.\nTokenomics\nThe token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects.\nNew Developments that Users can Expect in the Following Years\nThe community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project.\nOther than that, a Roadmap following the community and team goals has also been released.\nOld Bitcoin Roadmap\n1st January 2023\nThe project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain.\nThe project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko.\nFurthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter.\nAbout Old Bitcoin ($BC)\nOld Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending.\nFurthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’sofficial websiteor social platforms, to get more details.\nWebsite|Telegram|Twitter\nReferences:\nERC Contract:https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9\nDEXTools:https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d\nCoinMarketCap:https://coinmarketcap.com/currencies/old-bitcoin-erc/\n###\nOld Bitcoin\nNathan Guericke\[email protected]\nhttps://oldbtc.net\nDisclaimer:\nThis press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.', 'Old Bitcoin $BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba. London, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system. Old Bitcoin ($BC) Old Bitcoin ($BC) BC DAO The foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution. Tokenomics The token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects. New Developments that Users can Expect in the Following Years The community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project. Other than that, a Roadmap following the community and team goals has also been released. Old Bitcoin Roadmap Old Bitcoin Roadmap 1st January 2023 The project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain. The project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko. Furthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter. Story continues About Old Bitcoin ($BC) Old Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending. Furthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’s official website or social platforms, to get more details. Website | Telegram | Twitter References: ERC Contract: https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9 DEXTools: https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d CoinMarketCap: https://coinmarketcap.com/currencies/old-bitcoin-erc/ ### Old Bitcoin Nathan Guericke [email protected] https://oldbtc.net Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.', '$BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba.\nLondon, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system.\nOld Bitcoin ($BC)\nBC DAO\nThe foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution.\nTokenomics\nThe token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects.\nNew Developments that Users can Expect in the Following Years\nThe community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project.\nOther than that, a Roadmap following the community and team goals has also been released.\nOld Bitcoin Roadmap\n1st January 2023\nThe project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain.\nThe project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko.\nFurthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter.\nAbout Old Bitcoin ($BC)\nOld Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending.\nFurthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’sofficial websiteor social platforms, to get more details.\nWebsite|Telegram|Twitter\nReferences:\nERC Contract:https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9\nDEXTools:https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d\nCoinMarketCap:https://coinmarketcap.com/currencies/old-bitcoin-erc/\n###\nOld Bitcoin\nNathan Guericke\[email protected]\nhttps://oldbtc.net\nDisclaimer:\nThis press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that cou
**Last 60 Days of Bitcoin's Closing Prices:**
[15880.78, 17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-08
**Financial & Commodity Data:**
- Gold Closing Price: $1864.20
- Crude Oil Closing Price: $73.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $326,790,500,006
- Hash Rate: 259304487.74590245
- Transaction Count: 228488.0
- Unique Addresses: 565595.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was a perfect storm for bitcoin mining companies in 2022: Interest rate hikesincreased the cost of capital, mining bitcoin became less profitable ashashrate stubbornly trudged upwardwhile bitcoin’s price tumbled and mining companies’ treasury management strategies failed them.
The result of the tempest shows up in the stock prices of the five biggest public miners by hashrate. In 2022, Core Scientific ($CORZ), Riot Blockchain ($RIOT), Bitfarms ($BITF), Iris Energy ($IREN), and CleanSpark ($CLSK) traded down 99%, 85%, 91%, 92% and 79%, respectively.
Ouch.
No, this doesn’t mean that Bitcoin is dead or that bitcoin (BTC) is destined for $0.I have quite literally written the opposite. It doesn’t even necessarily mean that the public mining companies will disappear. What it definitely does mean is that we’re due for (and are in the midst of) a bit of restructuring and strategy rationalization that will leave the mining industry better than it was before.
For the last few years, some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital. This works really well when two things hold true:
1. The price of bitcoin is increasing, so the amount of people looking to get involved in Bitcoin for the sake of not missing out is high.
2. The cost of capital is cheap, so the amount of people looking to get involved in Bitcoin for the sake of yield is high.
And these two things were true for the last couple of years. So we had this really weird situation where bitcoin mining companies, who are in the business of mining bitcoin, weren’t explicitly making money by mining bitcoin. Instead, they were making money by financing the mining of bitcoin.
This is a bit of an oversimplification, but really just a bit.
In our theoretical world, a bitcoin mining business makes money like this: The business has bitcoin mining machines which mine bitcoin, and the business in turn exchanges a portion of that mined bitcoin to pay for the expenses needed to run the business.
In our wacky world, a bitcoin mining business makes money like this: The business has bitcoin mining machines which mine bitcoin and the business in turn takes capital from the debt or equity markets to pay for the expenses needed to run the business.
I’m not saying companies do this exactly, but there are mining companies like Marathon Digital that have stuffed all the bitcoin it has mined the last 26 monthson its balance sheet, rather than selling any of it to pay for operations.
Bluntly, this doesn’t make a shred of sense to me. I stand by the idea that businesses should strive to function as a going concern in the long run – without a dependence on the capital markets – and make more money than it costs to make that money. Otherwise, that business shouldn’t exist.
So when our wacky world moves on to a place where: 1) the price of bitcoin is decreasing, 2) the cost of capital is increasing, and 3) bitcoin mining is getting more competitive, you might be in for a world of hurt.
Well, all those things happened in 2022, so cue the recent news of aCore Scientific bankruptcy, a fulsome restructuring and capital infusion to saveArgo from bankruptcy, andthe resignation of Bitfarms’ CEO.
What now? We know the public mining companies are struggling, but amid all the pessimism there’s (of course) reason for optimism.
See, in theory, mining companies will mine when it’s profitable and won’t mine when it’s not profitable. The mining machines these companies run can be shut off and turned on easily.
But in practice, miners aren’t shutting down and ramping up their operations based on the everyday price movements of bitcoin or electricity. Instead, miners mine consistently through market vacillations. And because of that, there is a need to practice some sort of treasury management strategy that extends beyond “hold all the mined bitcoin.”
The strategy would involve some sort of consistent exchange of a portion of mined bitcoin to fund operations. Because eventually the price of bitcoin might start going down or the price of electricity might start going up.
Or both.
Public markets investors value both a predictability of cash flows and upside valuation potential. Public bitcoin mining companies have the latter in spades, but the former is sorely missing. A proper treasury management solution should anticipate and mitigate the unevenness of profitability associated with the markets that govern the bitcoin mining industry.
This strategy wouldn’t allow a mining business to hold on to as much bitcoin as possible to sell at an elevated value during a bull market, but it would allow the mining business to more easily handle market stress. Besides, miners aren’t in the business of timing markets; they’re in the business of mining.
So whatever happens now, at the very least we should expect that the mining companies that survive this perfect storm and market downturn will make some sort of change. I think big, public mining companies will revisit their “hold all the mined bitcoin” strategy and that should better equip them to thrive well into the future.
Assuming, of course, the miners learn anything from this....
- Reddit Posts (Sample): [['u/onceuponanutt', 'I think I found the shares... part 3', 3730, '2023-01-08 01:44', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/', '# Legend\n\n1. Previous Posts\n2. Housekeeping\n 1. "GME Tokens Are Collateral"\n 2. Using Tokens to Manipulate Stocks\n 3. "The $100k GME Token"\n 4. "Why is it still trading?"\n 1. CoinMarketCap & DefiChain\n 2. Nomics & FTX\n3. Obfuscation With Tokenized Stocks\n4. Swiss Cheese Has Lots of Holes\n5. "Locating" the Problem\n6. TL,DRS\n\n\\---\n\n# 1 - Previous Posts\n\n[Clarity on existing GameStop tokens](https://www.reddit.com/r/Superstonk/comments/yvme4o/clarity_on_existing_gamestop_tokens/)\n\n[The FED is not the final boss... not even close](https://www.reddit.com/r/Superstonk/comments/z8c7nu/the_fed_is_not_the_final_boss_not_even_close/)\n\n[Something may have just snapped in the crypto world](https://www.reddit.com/r/Superstonk/comments/ysktig/something_may_have_just_snapped_in_the_crypto/)\n\n[I think I found the shares...](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/)\n\n[I think I found the shares... part 2](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/)\n\n# 2 - Housekeeping\n\nI\'ve seen many theories surrounding tokenized stocks. I would like to address 4 which I believe to be incorrect based on my current understanding.\n\nI would be happy to be proven wrong on these if anyone can present a good case!\n\n# 2a - "GME Tokens Are Collateral"\n\n\\[redacted\\]\n\n# 2b - Using Tokens To Manipulate Stocks\n\n**SHF can\'t use tokenized stocks** ***directly*** **to short into the stock market.** Tokenized stocks are assets that reflect the price of the underlying stock, nothing more. A is the stock and B is simply a derivative that follows A, to my knowledge there is no mechanism by which manipulating B will affect A in any way.\n\nPunching steam will not affect the water from which it boils.\n\n# 2c - "The $100k GME Token"\n\nThe OP of this series of posts, in my view, is confidently incorrect on a number of things.\n\nI have done my best to offer criticism in a rational and constructive manner. OP has been quick to call me out for "spreading FUD" while simultaneously committing almost every [logical fallacy](https://thebestschools.org/magazine/15-logical-fallacies-know/).\n\nAs I\'ve said before many times, I have nothing against OP, in fact I\'m interested the same token, albeit from a different angle. We\'re all in this together, but these claims don\'t add up. Here\'s it all laid out if you\'re curious;\n\n​\n\npost- [THE GME TOKEN WAS A BACKDOOR BAILOUT OF SHORTS](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/)\n\ntldr - 1) Wrapped GameStop was somehow [this bailout](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) Melvin Capital received and 2) 1 Wrapped GameStop = $100,000\n\n[My reponse](https://www.reddit.com/r/Superstonk/comments/z1w3yj/debunking_the_front_page_post_the_gme_token_was_a/)\n\n[OP\'s response to my response](https://www.reddit.com/r/Superstonk/comments/z2bap3/debunking_the_debunking_the_font_page_post_the/?utm_source=share&utm_medium=web2x&context=3) (the top 2 comments share my sentiment)\n\n​\n\npost - [THE TOKEN FILES](https://www.reddit.com/r/Superstonk/comments/zk9tqr/the_token_files/)\n\ntldr - tokenized stocks are important\n\n[My response](https://www.reddit.com/r/Superstonk/comments/zk9tqr/comment/izyzqi5/?utm_source=share&utm_medium=web2x&context=3) (includes back and forth with OP)\n\n​\n\npost - [THE $100,000 GME TOKEN - PART 1](https://www.reddit.com/r/Superstonk/comments/zlvj1c/the_100000_gme_token_part_1/)\n\ntldr - math is hard\n\n[My response](https://www.reddit.com/r/Superstonk/comments/zlvj1c/comment/j080z3p/) (includes back and forth with OP, accuses me of spreading FUD by "attacking" posts, despite the first sentence of my comment here)\n\n​\n\npost - [MAJOR PLAYERS AND THE GME TOKEN - PART 1](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/)\n\ntldr - lots of Eth was involved in a token with a mirrored market cap to GameStop\n\n[My response](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/j2utq6r/?context=3)\n\n[Another great response](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/j2utf6v/?context=3)\n\n\\---\n\nMy only purpose in laying this out is to highlight that **not a single one of my questions have been answered or my concerns addressed**.\n\nhttps://i.redd.it/csm3ptemrxaa1.gif\n\nI\'ll let that speak for itself.\n\n\\---\n\n\\[redacted\\]\n\n# 2d - "Why Is It Still Trading?"\n\nFirslty, let\'s address what "it" is. Many people use the term "GME token" as if there is only 1. **This is misleading. There are many tokens with some variation of "GameStop" in the name**, as I outlined in my [post](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/), and the names matter for the purposes of differentiation.\n\nThe one token I, and others, have been focusing on is [Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496), and while many people argue that FTX didn\'t mint it directly, as they only *received* tokens, this is the only token out of the bunch that [lists FTX directly in the mint](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9).\n\nRegardless, there have been a bunch of posts and comments recently noticing trading volume in the asset \'FTX Tokenized GameStop\', whose origins are mysterious and legitimate trading history is virtually rumor;\n\n[How is the FTX GameStop tokenized scam still trading?](https://www.reddit.com/r/Superstonk/comments/zgzdsx/how_is_the_ftx_gamestop_tokenized_scam_still/)\n\n[How is this still trading???](https://www.reddit.com/r/Superstonk/comments/zk64tw/how_is_this_still_trading/)\n\n[Why is GME FTX token still trading and trading at 2 dollars more? So many questions and crime!](https://www.reddit.com/r/Superstonk/comments/zq27i8/comment/j0vwel0/?context=3)\n\n[Found some infinity liquidity! FTX’s, GME Tokenized stock is still trading! What the hell is going on?](https://www.reddit.com/r/Superstonk/comments/zqw273/found_some_infinity_liquidity_ftxs_gme_tokenized/)\n\nIt is my working theory that Wrapped GameStop token is in fact the same FTX Tokenized GameStop we see in these charts, but that\'s a story for section 3.\n\nThe answer to the question of *why it\'s still trading*? **It\'s not.** Sort of.\n\n# 2di - CoinMarketCap & DefiChain\n\nThe sources often cited for most of the recent FTX Tokenized GME trading data comes from trading charts.\n\nThe [Yahoo chart](https://finance.yahoo.com/quote/GME-USD/) pulls its data from CoinMarketCap, the world\'s most-referenced price-tracking website for cryptoassets, and the [CoinMarketCap chart](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/), in addition to other similar sites like [Finbold](https://finbold.com/cryptocurrency/gamestop-tokenized-stock-defichain/), pulls its [data](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/markets/) from [DefiChain](https://defiscan.live/dex), a "DEX" on the [Defi Blockchain](https://defichain.com/).\n\nDefiChain uses [oracles](https://medium.com/coinmonks/defichain-basics-prices-and-oracles-8afd0fb49a09), "automated price feeds" from sources like NASDAQ, Tiingo, IEX Cloud, to price their tokenized stock assets, denoted dXXX or *decentralized-\\[insertnamehere\\].* [Defi Oracles](https://oracles.dfc.fuxing.dev/) claim to be open and automated, but they seem to be quite secretive, making both of those claims hard to verify.\n\nhttps://preview.redd.it/l03r7terrxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=48460bfc65541cd05444efa1f26f5da467d51d0f\n\nAn example of a Defi asset is **dGME** is referred to as \'*decentralized GME\'* on the Defi Blockchain and currently has [7 of 12 active oracles](https://defiscan.live/oracles/GME-USD) (7 places it\'s getting data);\n\n​\n\nhttps://preview.redd.it/qjthzhytrxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=91eb1f1dc9efbeae12bfc6478eb84ce7e20bf5cd\n\nThe CoinMarketCap source for the FTX Tokenized GameStop is one specific [DEX liquidity pool](https://defiscan.live/dex/dgme) between [dGME](https://defiscan.live/tokens/dgme) and [dUSD](https://defiscan.live/tokens/dusd) (decentralized USD, **not USD -** CoinMarketCap converts to USD but DefiChain does not, if you\'re wondering why the price is different). Simple enough? Not really.\n\nThis is where it gets fucky.\n\nhttps://i.redd.it/03rf1mowrxaa1.gif\n\nYou can click around the Defi website and block explorer, but it doesn\'t give you much data. One interesting thing I noticed was that on the [dGME creation transaction](https://defiscan.live/transactions/81b92c7595341ec3f74eee9c309e76684fc327f641daf732296153622c5e0284), the "fee" states "**Coinbase"**.\n\nThat\'s odd...\n\nEspecially when the counterpart in the liquidity pool on DefiChain, **dUSD** [(minting transaction)](https://defiscan.live/transactions/080438d4401d1257b537896a335e041d8efa47e6a71c2ffeb6491f0f4dc0e531), **lists the fee in DFI** (native token, like Eth for Ethereum). dETH, dBTC, dUSDT, dDOGCOIN and many others all list their "fee" in DFI, **yet some tokenized stocks list the \'fee\' as Coinbase**.\n\nSo I started to poke around on Coinbase.\n\nThe [Coinbase chart](https://www.coinbase.com/price/gamestop-tokenized-stock-ftx) for the "FTX Tokenized GameStop" **lists the Ethereum coin** [**GameStop.Finance**](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590) **as its source**, anot...
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.
|
17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Ambar Warrick Investing.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year. The world\x92s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar after nonfarm payrolls data released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip. World no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December. The prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed\x92s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from. Focus this week is also on U.S. inflation data due on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric. But even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even an inflation hedge. This steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large. The space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year. Still, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024. Story continues But whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen. Related Articles Bitcoin clears $17k for the first time in 3 weeks as Fed jitters ease FTX spent $40M on food, flights, and hotels in just 9 months: Court filings Crypto Biz: SBF has his day in court; Barry Silbert accused of â\x80\x98stallingâ\x80\x99 over frozen funds', 'By Ambar Warrick\nInvesting.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year.\nThe world’s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar afternonfarm payrollsdata released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip.\nWorld no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December.\nThe prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed’s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from.\nFocus this week is also on U.S.inflation datadue on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric.\nBut even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even aninflationhedge.\nThis steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large.\nThe space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year.\nStill, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024.\nBut whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen.\nRelated Articles\nBitcoin clears $17k for the first time in 3 weeks as Fed jitters ease\nFTX spent $40M on food, flights, and hotels in just 9 months: Court filings\nCrypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds', 'By Ambar Warrick\nInvesting.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year.\nThe world’s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar afternonfarm payrollsdata released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip.\nWorld no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December.\nThe prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed’s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from.\nFocus this week is also on U.S.inflation datadue on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric.\nBut even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even aninflationhedge.\nThis steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large.\nThe space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year.\nStill, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024.\nBut whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen.\nRelated Articles\nBitcoin clears $17k for the first time in 3 weeks as Fed jitters ease\nFTX spent $40M on food, flights, and hotels in just 9 months: Court filings\nCrypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds', 'Bitcoin and Ether rose in Monday morning trading in Asia, rising with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and BNB changing the most. Many cryptocurrencies have been gaining over the past several days after the latest U.S. jobs data released last Friday sparked a Wall Street rally. See related article: Crypto exchange Huobi latest firm to slash staff: Reuters Fast facts Bitcoin was up 1% to US$17,117 in the 24 hours to 8 a.m. in Hong Kong, breaking the US$17,000 level for the first time since late December in a 2.9% increase over the week. Ether gained 1.9% to US$1,287, a 7.3% weekly rise, according to CoinMarketCap . Cardano rose 7.3% to change hands at US$0.29, a rise of 18.8% in the past week. This price run comes as ADA, the native cryptocurrency of the Cardano blockchain, made it to the top 10 most used cryptocurrencies for payments for the first time, according to Lithuanian cryptocurrency exchange CoinGate . BNB gained 5.3% to US$274.77 rising 12.5% over the past seven days. Polygon’s MATIC rose 4.1% to trade at US$0.84, bringing its weekly gains to 10.5%. The total crypto market capitalization was at US$830.4 billion, a 0.8% increase over the previous 24 hours, while the total trading volume was US$20.4 billion, a 14.7% rise during that same time. The Dow Jones Industrial Average gained 2.1%, the S&P 500 Index rose 2.3%, and the Nasdaq Composite Index closed 2.6% higher. These gains represent the best day of trading for the Dow and S&P 500 since Nov. 30 and the Nasdaq’s best performance since Dec. 29. While U.S. Labor Department data released Friday showed that non-farm payrolls rose by 223,000 jobs in December, which was higher than expectations, it also showed that wages grew by only 0.3% for the month instead of the 0.4% predicted. U.S. services activity also contracted for the first time in 2.5 years according to the Institute for Supply Management, which said on Friday that its Purchasing Manager Index fell to 49.6 in December, down from November’s 56.5. A reading of below 50 in this index reflects a contraction in the sector. Investors are watching for any signs that the U.S. Federal Reserve’s months-long campaign of raisin
**Last 60 Days of Bitcoin's Closing Prices:**
[17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-09
**Financial & Commodity Data:**
- Gold Closing Price: $1872.70
- Crude Oil Closing Price: $74.63
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $331,116,914,594
- Hash Rate: 257609687.17239985
- Transaction Count: 287347.0
- Unique Addresses: 662916.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Debate has accelerated in recent days over the future prospects of Solana, a layer 1 smart-contract blockchain that in some respects competes with Ethereum. The chain grew rapidly and saw immense hype during the 2020-2021 bull market, particularly from venture capitalists. But the recent departure of major projects to other chains and a massive drop in total value on the Solana chain have raised questions about its future prospects.
Lingering technological challenges are a common worry cited by doubters. Competition from Ethereum layer 2s represent a growing threat to Solana’s core premise of faster and lower-cost transactions. But the biggest cloud shading Solana’s sunshine is the fall of Sam Bankman-Fried, founder of the FTX exchange and hedge fund Alameda Research.
David Z. Morris is CoinDesk's chief insights columnist.
Bankman-Fried was perhaps the single most prominent backer of Solana, and skeptics could reasonably argue that the price appreciation of theSOLtoken and related assets from 2020-2021 was driven at least in part by Bankman-Fried’s marketinterventions and advocacy.
The consequences of growing Solana skepticism have been dire, based purely on numbers. From a peak price of $258.78 on Nov. 6, 2021, Solana’s SOL token has declined to just over $10. That’s a drop of 96%, vastly sharper than the drawdown from peak forBTC(-74.5%) andETH(-74.6%). It’s even a sharper drop, incredibly, than dogecoin (DOGE) has seen in the bear market – the meme coin isdown a mere 76%from its October 2021 local high, though it's 87% down from its May 2021 all-time high.
From its position as the fifth-most valuable crypto token in early November, Solana’s SOL token has dropped to 19th place, according to data from CoinGecko.
See also:Solana DeFi Project Mercurial to Relaunch, Replace Token
The total value of tokens staked in decentralized-finance (DeFi) protocols on Solana has declined even more dramatically, from nearly $10.2 billion on Nov. 9, 2021 to under $210 million at press time – a decline of nearly 98%. Solana is now only the 12th-largest DeFi chain bytotal value lockedor TVL, trailing not only Ethereum layer 2s like Polygon and Optimism, but also far more obscure projects like Cronos and DefiChain.
The single sharpest percentage drop in Solana’s metrics came in early November following the collapse of FTX, and mounting evidence of massive fraud by Sam Bankman-Fried. It now seems increasingly likely that some of Bankman-Fried’s extensive support for the chain was funded viaFTX’s wholesale theft of customer funds.
Former Alameda executives including CEO Caroline Ellison, moreover, have claimed in recent statements to the U.S. Securities and Exchange Commission that Bankman-Fried encouragedmarket manipulation of FTX’s FTT token. Given that, it seems improbable that Bankman-Fried wasn't also manipulating the price of Solana-based projectshe helped launch,controlled large stakes inand used in theaccounting and loan fraudthat formed the core of the FTX swindle.
Those related projects, including the Serum decentralized exchange and the self-described DeFi brokerage Oxygen, are sometimes derisively referred to as “Samcoins.” They have seencatastrophic declinesin their own token prices, and Serum wasrendered “defunct”by the collapse of FTX, necessitating acommunity fork.
Market manipulation via Alameda would have effectively been funded by the clandestine redirection of FTX customer funds from other assets, such as bitcoin and ether, toward the trading of SOL or other ecosystem tokens. Alameda’s market-making and trading activities as a whole appear in retrospect to have beenwildly unprofitable. Some critics have argued that their SOL activity would have amounted to propping up the value of Solana, while artificially holding down the price of blue chips like ETH and BTC.
This chaos has led to hints of something like a death spiral as developers and projects depart the struggling chain. Most dramatically, the DeGods and Y00ts NFT (non-fungible token) projects were confirmed to beleaving Solanafor Ethereum and Polygon, respectively. In November, stablecoin issuer Tether swapped $1 billion of USDTfrom Solana to Ethereum.
All this comes on top of worries that predated the collapse of FTX. Solana has experiencedrepeated chain haltssince its inception, often caused by “botting” or other forms of spam overwhelming the network. This is inextricably linked to Solana’s core value proposition as a faster, cheaper layer 1 than Ethereum: For a blockchain, lower transaction costs and higher speed often come as a trade-off for security and stability.
See also:Is Solana Leading Crypto Into Retail or Trailing Apple?| Opinion
Moreover, that value proposition may itself be less compelling than it was when Solana launched in March 2020. The years since have seen significant growth in “layer 2” products on Ethereum that offer faster and less expensive transactions, but gain the benefit of Ethereum’s security, mostly through the use of“rollup” technology. Those new competitors includeOptimism, a layer 2 that launched in December 2021 and now has more than twice as much value locked as Solana.
These are serious headwinds, and commentators across the crypto industry have beendebating the chain’s prospectsin recent days. In a best-case scenario, Solana’s remaining builders face a long road back to ecosystem health and relevance. The big question is whether there are enough of them, with enough conviction, to go the distance....
- 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.
|
17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global. See related article: U.S. subpoenas hedge funds in Binance probe: report Fast facts Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise, according to CoinMarketCap . Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%. BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors have reportedly issued subpoenas to several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations. Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report by Lithuanian cryptocurrency payments processor CoinGate . The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion. U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%. The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy. In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December. See related article: Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global.\nSee related article:U.S. subpoenas hedge funds in Binance probe: report\n• Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise,according to CoinMarketCap.\n• Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%.\n• BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors havereportedly issued subpoenasto several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations.\n• Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion.\n• U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%.\n• The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy.\n• In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December.\nSee related article:Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global.\nSee related article:U.S. subpoenas hedge funds in Binance probe: report\n• Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise,according to CoinMarketCap.\n• Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%.\n• BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors havereportedly issued subpoenasto several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations.\n• Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion.\n• U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%.\n• The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy.\n• In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December.\nSee related article:Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Good morning. Here’s what’s happening:\nPrices:Solana\'s SOL and alternative coins including Serum\'s SRM are benefiting from the year\'s first mini-rally in altcoins. A short squeeze added fuel.\nInsights:Alex Thorn, head of research at crypto investment firm Galaxy Digital, tells CoinDesk that Web3 blockchain startups and trading-based services could continue to lead venture-capital deals and funding in 2023.\nCoinDesk Market Index (CMI)\n841.62\n+6.7▲0.8%\nBitcoin (BTC)\n$17,186\n−20.4▼0.1%\nEthereum (ETH)\n$1,326\n+26.0▲2.0%\nS&P 500 daily close\n3,892.09\n−3.0▼0.1%\nGold\n$1,879\n+6.5▲0.3%\nTreasury Yield 10 Years\n3.52%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nMini altcoin rally generates enthusiasm for first time in months\nBy Sam Reynolds\nEveryone gets a second chance in crypto.\nWeeks ago, Solana was on its deathbed. As 2022 came to a close, the Ethereum competitor — which was at the center of the Sam Bankman-Fried universe of tokens —had lost more than 90% of its value. Its loudest cheerleaders, such as Sino Global Capital,may have gotten stuck as big holders.\nBut now Solana\'s native SOL tokens are getting a fast price pump as crypto markets attempt a recovery after months in the doldrums,according to CoinDesk data. The protocol’s token is up 11% in the last 24 hours and 46% in the last two weeks.As CoinDesk reported earlier, there’s strong transactional activity on the network, with daily active users increasing by 40% during the last two weeks. Silly meme coins like the Shiba inu-themed BONK token, which is paying out 2021 "DeFi Summer"-like1,000% yield for liquidity providers, has a lot to do with it.\nAside from Solana’s comeback story, the other crypto majors are also doing well. Bitcoin (BTC) is slowly creeping its way back to $20,000, having recently breached the $17,000 mark, and ether (ETH) is up 3% in the last 24 hours, coming in at $1,326. Altcoins got aboost from a short squeeze. The CoinDesk Market Index (CMI) is up 1.2% over the past 24 hours.\nAll this is pushing upcrypto-related mining stocks too. Granted, many are down 80% on-year for 2022, but recoveries begin with green shoots.\nGalaxy Digital\'s Head of Research Sees More Venture Funding for Web3 Firms This Year\nBy Fran Velasquez\nWeb3 blockchain startups and trading-based services led venture-capital deals and funding in 2022, and the trend could continue this year, according to Alex Thorn, head of research
**Last 60 Days of Bitcoin's Closing Prices:**
[17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-10
**Financial & Commodity Data:**
- Gold Closing Price: $1871.60
- Crude Oil Closing Price: $75.12
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $334,070,477,538
- Hash Rate: 286421296.9219445
- Transaction Count: 302809.0
- Unique Addresses: 695664.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin dipped Wednesday after negative news from bank bosses caused investors to shift risk assets. The largest cryptocurrency by market cap was trading for $16,813 at the time of writing, according to CoinGeckoa 1.2% 24-hour drop. Earlier in the day, it sharply dropped from $17,046 to $16,750 in just two hoursa level not experienced since the end of November. The rest of the crypto market was mostly trading at a loss after recession forecasts and job cut announcements from top bank chiefs led Wall Street traders to sell stocks: the Nasdaq 100 down 2% and the S&P 500 was on set for its fourth losing day in a row. Digital assets have largely been correlated with U.S. equities this year. When the Federal Reserve has raised interest rates to get historically high inflation under control, investors have sold so-called risk assetswhich include tech stocks, Bitcoin and other digital assetsand retreated to the perceived safety of the U.S. dollar. And when the Fed has shown signs of slowing down its aggressive monetary policy, the price of equities has jumped uptaking the crypto market (mostly) with it. But other factors have weighed hard on assets like Bitcoin and Ethereum, too: In May, crypto project Terra crashed, leading to a brutal sell-off. And at the start of last month, FTX, one of the biggest digital asset exchanges went bust, ultimately scaring investors away from an already volatile market. And it isn't just Bitcoin taking a hit. Ethereum is also down today by over 2%, trading hands for $1,229. The second largest digital asset also experienced a sharp sell off earlier today. It's now down 74% from its all-time high of $4,878. And out of the biggest cryptocurrencies by market cap, Dogecoin has been hit the hardest today: the original meme coin and eighth largest digital asset was priced at $0.095 at the time of writinga 4.2% 24-hour dip. Dogecoin Now Second-Largest Proof-of-Work Coin After Ethereum Merge The cryptocurrency had been an outlier at the end of November and the start of this month, popping up in value, while the rest of the market was sleepy, following speculation that Elon Musk, who frequently tweets about the meme coin, might include it in his Twitter plans. But it is now down 6.6% in the past seven days....
- Reddit Posts (Sample): [['u/EdwinPeng88', '"AI Trading Algorithms/Prediction Software" as the Next Big Scam - with Crypto & post-Crypto', 40, '2023-01-10 00:32', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/', "So apparently personal finance YouTubers/Influencers are now doing AI-related schemes/scams where supposedly this magical AI software can predict which stocks will be best. \n\nIf NFTs and high yield accounts are what sparked the 2020/2021 bubble, I'm guessing that something related to AI could be what can prompt a future Bitcoin/crypto bubble - perhaps when Fed start cutting rates some exchange or startup might tout some AI-related crypto shit.\n\n[https://youtu.be/BbMQdshA-B4](https://youtu.be/BbMQdshA-B4)", 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/', '107twrk', [['u/archisgore', 22, '2023-01-10 01:26', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3omg7l/', "Don't underestimate Quantum. The industry needs the next fad.", '107twrk'], ['u/EdwinPeng88', 11, '2023-01-10 01:33', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3onfak/', 'What about quantum-AI-blockchain-Web 4.0?', '107twrk'], ['u/archisgore', 10, '2023-01-10 01:34', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3onl8w/', 'Sounds like a Goldilocks investment! Take all my money!', '107twrk']]], ['u/Training_Ant_661', 'Article Update about North Bay', 16, '2023-01-10 00:54', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/', '[https://www.northernontariobusiness.com/industry-news/technology/north-bay-bitcoin-operation-shuttered-over-power-bill-dispute-6351758](https://www.northernontariobusiness.com/industry-news/technology/north-bay-bitcoin-operation-shuttered-over-power-bill-dispute-6351758)', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/', '107ufw2', [['u/Dropperofdeuces', 14, '2023-01-10 01:08', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/j3ojw2p/', 'Sounds like Validus may eventually become a competitor to HUT if they really do open their own data centers. \n\nThis would be a good opportunity for HUT to just buy these guys outright and vertically integrate power generation into their operations. It would also likely be a first of its kind where a crypto miner also owns its own power plant.', '107ufw2']]], ['u/TheGlittering_Toe', 'Confused why everyone isn’t buying Bitcoin rn', 88, '2023-01-10 02:21', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/', 'The charts are quite closely mirroring the charts from 4 years ago. Seems clear to be there will be a medium sized pump within the next few months.\n\nEdit: Some people think I’m trying to say Bitcoin’s about to hit ATHs. These are my thoughts articulated more clearly \n\nhttps://youtu.be/GFC_WwlYfrk\n\nATHs? No. Significant pump in the next few months? Personally I think so.', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/', '107wgbg', [['u/NewTullius', 45, '2023-01-10 02:32', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3ovyl6/', "Bear market -- now is definitely a good time to accumulate, but I think alot of the wind has just gone out of the winds of the market. I personally think it's a good time to buy, and agree there's likely to be a pump.\n\nOne other factor to take into account is the general macro environment, so we can't just look at the BTC charts from 4 years ago and use it for a one-to-one comparison. \n\n\nI am bullish this year though!", '107wgbg'], ['u/hangender', 26, '2023-01-10 02:43', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3oxgyk/', 'Next halving is 2024. Which means pump is late 2024 early 2025.\n\nGotta study the cycles bro and not just simple TA', '107wgbg'], ['u/420algohodler', 11, '2023-01-10 03:27', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p3ywz/', 'They always wait till btc is at $21k/$29k/$30k don’t they 🤣', '107wgbg'], ['u/Empire156', 15, '2023-01-10 03:31', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p4kkv/', 'Fool me once, shame on….', '107wgbg'], ['u/donttrustdinosaurs', 36, '2023-01-10 03:37', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p5g46/', 'I’m a long term bull but there’s a very good reason the SEC makes funds state “past performance is no guarantee of future results.”', '107wgbg'], ['u/toughgetsgoing', 129, '2023-01-10 04:02', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p8vsf/', 'I dotn have any cash left to buy', '107wgbg'], ['u/fightglobalwarning', 15, '2023-01-10 04:33', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pd5oj/', 'Everyone is out of money prolly', '107wgbg'], ['u/ETH_Knight', 73, '2023-01-10 04:40', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pe12q/', 'Lol no fiat left. Also recession around the corner.', '107wgbg'], ['u/poorlytaxidermiedfox', 123, '2023-01-10 06:35', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3prbpg/', 'My dude, I can barely afford groceries and diesel…', '107wgbg'], ['u/cl3ft', 13, '2023-01-10 06:48', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pskna/', "People are, but there's no new people outside the crypto space joining in because the reality is the crypto industry that gets the news stories is a complete shit show right now. Everything is fucked.\n\nIt's like trying to sell someone oil shares just after six consecutive Enron disasters.", '107wgbg'], ['u/moppdog', 19, '2023-01-10 06:59', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3ptnv1/', "Appreciate reasoning. So sick and tired of ppl (like OP) thinking charted data is predictive. What are we, temple priests reading the smudges? Astrologers? Tea Leaf diviners? If you believe in reading charts and you've lost money, hey, that's why.", '107wgbg'], ['u/Iamdrasnia', 14, '2023-01-10 07:18', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pvgzj/', 'I totally disagree. First off you need 2 look at US economy. 2nd you need to think about halting\n....please tell me how its gonna jump. I call 12k Bitcoin in May.', '107wgbg'], ['u/slipperynibs', 46, '2023-01-10 08:29', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3q1fvq/', 'I honestly think this is just a fake bull trap at 17.\n\ni still think its going down.\n\nwhole markets fucked, reverse repo, over leveraging, crypto market has ZERO trust right now, recession, housing market bubble, stock market insider trading/shorting is causing huge distrust in retailer traders, no one new is jumping into crypto right now, people are broke from getting rekt, crypto legislation is a clusterfuck...like the list goes on and on.\n\nIts crashed but it hasnt found a clear bottom yet.\n\nUntil it bounces to 21-24k its still bearish as fck and anyone who thinks otherwise is smoking hopium.\n\nI dont think we will see anything close to a bull market till end 2023/mid 2024.', '107wgbg'], ['u/lc-cosmocrator', 10, '2023-01-10 09:47', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3q7ew5/', 'People are buying, but small investors DCAing ~100$ is like a drop in the ocean\nAlso the FOMO that a bull market brings is non-existent in intense fear environments like the current one.\nThe crypto is dead narrative will probably last through the year while we crab.\nProbably a good time to devote the chart watching time to instead research and try to find projects with good fundamentals before the next cycle.', '107wgbg'], ['u/JMurph3313', 10, '2023-01-10 13:03', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3qmayc/', "Halving \\*^(sorry can't help myself)", '107wgbg']]], ['u/jelltris', 'Scammed by Kilos exchange', 20, '2023-01-10 04:01', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/', "I've been a frequent user of kilos for the last 3 years or so, always using the same URL, never had a single problem. \n\nYesterday I set up a BTC to XMR swap, like I've done many many times before, sent the funds through and then.... nothing. The message on the transaction screen was 'swap status: sending your money', and stayed that way for a few hours. When I went to check the transaction page today (which I'd bookmarked) it stated that the transaction ID was invalid and gave no further info.\n\nObviously my first thought was I'd been phished so I double checked the URL - no issues there, it was the same one I've always used.\n\nI've emailed kilos admin but had no reply.\n\nExtremely pissed off as I've just lost $700 USD\n\nPlease beware.", 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/', '107yo8h', [['u/DrinkMoreCodeMore', 13, '2023-01-10 04:28', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/j3pcigl/', 'Lol imagine using a website that has a pair of tits on it (always thought that was creepy AF) as an exchange and thinking they are honest.\n\nJust use SideShift.ai instead', '107yo8h'], ['u/jelltris', 18, '2023-01-10 05:36', 'https://...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55
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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:**
['As we head into a new year, 2023 is set to be the best time to look for cryptos to buy. The turbulence last year due to rate hikes and the selloff of cyclical assets such as cryptos might make it look all doom and gloom. But the bottom has historically been the best time to buy.\nOf course, it is difficult to predict the actual bottom, but many projects now sit well below pre-pandemic prices, with little downside risk. Moreover,Bitcoin(BTC-USD) will halve its mining rewards sometime in Q1 2024. As most cryptos correlate with BTC, this halving will likely start another crypto bull run next year, continuing the historical trend.\nTherefore, let’s’ dive into the following seven cryptos to buy, as they can benefit heavily from Bitcoin’s halving. I highly recommend doing your own research into these tokens, as many of them are small-cap projects.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"BTC-USD": "ETH-USD", "Bitcoin": "Ethereum", "$17,206.31": "$1,324.20"}, {"BTC-USD": "LTC-USD", "Bitcoin": "Litecoin", "$17,206.31": "$81.13"}, {"BTC-USD": "STORJ-USD", "Bitcoin": "Storj", "$17,206.31": "$0.2783"}, {"BTC-USD": "TERA-USD", "Bitcoin": "Terareum", "$17,206.31": "$0.00000000028"}, {"BTC-USD": "KLX-USD", "Bitcoin": "Kalima", "$17,206.31": "$0.00025"}, {"BTC-USD": "LRC-USD", "Bitcoin": "Loopring", "$17,206.31": "$0.2217"}]\nSource: Sittipong Phokawattana / Shutterstock.com\nUnsurprisingly, Bitcoin will be the biggest beneficiary of the halving. The standard deviation of BTC is lower than almost every other cryptocurrency, excluding stablecoins. Thus, if you are looking for the safest cryptos to buy, Bitcoin should always be your go-to project due to its evergreen status.\nI’d even say it is the only crypto project worth dollar-cost averaging into, as positive returns are very likely if you choose to hold for many years. It is a tried and tested asset with a solid reputation and won’t disappoint in the long run. I cannot say the same for any other asset in this article.\nIn the current environment, BTC is by far your best bet. There are no guarantees that the crypto market is at a bottom, and Standard Chartered analystsforecastBitcoin could go as low as $5,000 this year. The scarier part of this scenario is that more cyclical altcoins will be hit much harder.\nConversely, the economy remains healthy, with the recentjobs reportindicating a robust labor market. If the Fed does a U-turn in late 2023 or early 2024 and the Bitcoin halving occurs within the expected time, BTC is likely to surge. Thus, it remains the best among the cryptos to buy.\nSource: viktoryabov / Shutterstock.com\nEthereum(ETH-USD) is the second-largest cryptocurrency by market cap and should be your second option if you are looking for safer cryptos to buy. Although ETH is more volatile than BTC, it is an established project that has survived multiple crypto market cycles and outperformed Bitcoin of late.\nThe project is at the forefront of Web3 and blockchain development, leading the development of smart contract-based applications such as non-fungible tokens. A significant number of NFTs and Web3 projects are also being developed on the Ethereum blockchain. However, the most considerable advantage of Ethereum is that thousands of crypto projects rely on the blockchain and need ETH for gas fees. There are744,000 ERC20 tokenson the network, generating significant demand for Ethereum.\nFurthermore, the network’s switch to a proof-of-stake (PoS) consensusreducedETH issuance by 88%. In the next crypto market rally, increased ETH demand and reduced issuance will likely make Ethereum trade at a much higher valuation.\nSticking with Bitcoin and Ethereum will give you a balanced risk-reward ratio. Thus, I recommend you venture into other cryptos only if you seek outsized returns with little regard for risk.\nSource: Shutterstock\nMuch like Bitcoin,Litecoin(LTC-USD) is a proof-of-work (PoW) blockchain that undergoes a halving event. The next halving event for Litecoin will occur in August this year and cut mining rewards to 6.25 LTC from 12.5. That should significantly increase the value of this cryptocurrency, as it is among the most popular blockchains for miners after Ethereum shifted to a PoS consensus.\nFurthermore, while many thought of Litecoin as an old and irrelevant project, its recentMimbleWimble upgradeadded much-needed utility and is bringing it back to relevancy. Litecoin users can now transact with the same degree of anonymity that many privacy coins such asMonero(XMR-USD) promise, but with Litecoin’s block time of just2.5 minutes.\nI believe LTC is at compelling levels and is bottoming out. It has gained 61%-plus from its trough last year, and I expect these gains to accelerate as it gets closer to halving. Next year, Bitcoin’s halving will be the icing on the cake for this project.\nSource: storj.io\nI’ve discussedFilecoin(FIL-USD) a considerable amount of times in my recent articles, andStorj(STORJ-USD) is similar to that project. The main difference between the two is that Storj maintains a central authority, while Filecoin is peer-to-peer. I believe both will be significant beneficiaries of the burgeoning cloud computing and storage industry, especially once decentralized storage becomes more mainstream.\nBlockchain storage is also cheaper than centralized counterparts that run data servers and has no censorship. On top of that, since the blockchain isn’t a single server, the uptime and resiliency of these cloud storage platforms are remarkably high. These factors combined will make blockchain cloud storage projects highly-compelling to end users in the long-run.\nOf course, I only recommend small caps like Storj if your risk profile is aggressive. Sticking with more established projects such as Filecoin is a much better idea for long-term investing.\nSource: Yev_1234 / Shutterstock\nTerareum(TERA-USD) is a centralized crypto exchange, and TERA is the native token of the project. Although the token has taken a hit from the selloff last year due to its small market capitalization and the effects of the current crypto winter affecting all altcoins in addition to Bitcoin and Ethereum, Terareum is highly likely to deliver disproportionately high returns due to its leading utility that has successfully launched on December last year. The Terareum exchange, also known as “TERAREUM,” offers lots of features under one roof, including debit cards, spot trading, and utilities such as Margin, Futures, and Staking capabilities. I recommend further researching the project on itswebsitedue to its complexity.\nIn addition, Terareum also has a cryptocurrency launchpad called Terapool. The launchpad raises liquidity for other crypto projects with much lower interest rates. Thus, the demand for this token will likely increase in the next cycle, due to new crypto projects and higher user influx into the Terareum exchange. The release in Quarter 3 of 2023 of an indigenous Layer 1 – Terareum Blockchain based on the PoS concept could also compel large institutional investors.\nFinally, there’s also Terapay which enables users to utilize fiat and crypto transactions as a mode of payment for goods using a single platform at many vendors and merchants for online costs. The payment gateway is adopted worldwide and could become a game-changer in the cryptocurrency & Web3 space.\nSource: Michal Bednarek / Shutterstock\nKalima(KLX-USD) piqued my interest because of the functionality the project aims to provide. On itswebsite, it states that Kalima is a Layer 1 blockchain for enterprises and IoT (Internet of Things). This is a network of blockchains offering quick transactions and limitless scalability.\nKalima’s full client nodes can be embedded not only on small IoT devices but also on supercomputers. This includes mobile and web clients, allowing for transactions to be managed with a latency of less than one second. Kalima smart contracts can also be executed on the client side, opening a new world of edge-computing and blockchain technology possibilities.\nIts token, KLX, secures the whole Kalima network, enabling the payment of transaction fees, staking, data governance, the acquisition of nodes for PrivaChains, and numerous essential other Kalima Network key functionalities. The Kalima Blockchain allows developers to have complete control of their dApps using standard languages and tools, their governance and business models. Project developers have implemented these features successfully, and I anticipate significant growth for its KLX token.\nFinally,Enedis(OTCMKTS:ECIFY),ArcelorMittal(NYSE:MT),Tenneco, andSpieare using Kalima’s technology. That’s quite a big plus when it comes to crypto, as only a few projects offer real-world utility. KLX will be listed on the 2nd of February on Bitmart.\nSource: Vladimir Kazakov / Shutterstock.com\nLoopring(LRC-USD) is among the most cyclical cryptos to buy. The primary purpose of this project is to supplement the Ethereum blockchain’s scalability throughzkRollups. Of course, this means that the project’s objective becomes redundant when the Ethereum blockchain receives less traffic. Likewise, the opposite is true when the Ethereum network is congested during a crypto bull cycle.\nTherefore, buying LRC at the trough before Bitcoin’s halving is an excellent idea. When the Ethereum blockchain becomes congested again, Loopring will offer disproportionately higher returns than the rest of the market.\nOn Low-Capitalization and Low-Volume Cryptocurrencies:\xa0InvestorPlace\xa0does not regularly publish commentary about cryptocurrencies that have a market capitalization of less than $100 million or trade with a volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on low-volume crypto that may be affected by our commentary, we ask that\xa0InvestorPlace.com’s writers disclose this fact an
**Last 60 Days of Bitcoin's Closing Prices:**
[16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-11
**Financial & Commodity Data:**
- Gold Closing Price: $1874.60
- Crude Oil Closing Price: $77.41
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $335,566,638,000
- Hash Rate: 249135684.30488667
- Transaction Count: 287494.0
- Unique Addresses: 661284.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: For the Nine Months Year Over Year Revenue Increased 3X from $7.9 Million to $23.4 Million NEW YORK, NY / ACCESSWIRE / November 15, 2022 / The OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced record revenue in 2022. Highlights for the period include the following: Key Highlights Adjusted EBITDA $794,664 vs. Negative Adjusted EBITDA (-$1,615,364) as of September 30, 2022, and 2021, respectively. Total Corporate Assets $41,177,888 on September 30, 2022 Cash Balance on September 30, 2022, approximately $2,300,000 Zero unsecured debt For the Nine Months Ended 9/30/2022 For the Nine Months Ended 9/30/2021 Total revenue $ 23,405,445 $ 7,883,897 Total operating expense $ 28,394,747 $ 10,433,542 Loss from operations $ (4,989,302 ) $ (2,549,645 ) Total other expenses & income $ 383,190 $ (116,702 ) Net Loss $ (4,606,112 ) $ (2,666,347 ) Amortization expenses $ 2,794,731 $ 647,711 Depreciation expense $ 2,393,966 $ 53,571 Interest expense $ 0 $ 116,736 EBITDA $ 582,585 $ (1,848,329 ) Stock Based Compensation expenses $ 212,079 $ 232,965 Adjusted EBITDA $ 794,664 $ (1,615,364 ) Link to the fillings: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001314196/000121390022072282/f10q0922_theolbgroup.htm You are invited to Earnings Conference Call Nov 15, 2022 04:30 PM Eastern Time (US and Canada) Register in advance for this webinar: https://us06web.zoom.us/webinar/register/WN_iO8M9GpJT36qycufJeWVMQ After registering, you will receive a confirmation email containing information about joining the webinar. OUTLOOK FOR 2022 OTHER BUSINESS UPDATES AS OF September 30, 2022 : Zero unsecured debt $2.3 million cash on hand Insider Share Ownership Approximately 32% Diversified revenue sources (eCommerce merchant services and Bitcoin mining) 98% of revenue earned from profitable eCommerce operations Annualized revenue run rate at $31.2Million vs. 2021 revenue of $10.5 Million As of September 30, 2022, company market capitalization was $15.6 Million and Price to Sales Ratio of 0.66 Increase in revenues projected from organic growth, acquisitions, new initiatives in crypto payments and Bitcoin mining eCommerce and Bitcoin mining annualized revenue run rate projected to be between $32 million and $34 million by the end of 2022 Story continues Future OLB Press Releases and Updates Interested investors or shareholders can be notified of future Press releases and Industry Updates by mailing: [email protected] About The OLB Group, Inc. The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers. For more information about The OLB Group, please visit https://www.olb.com and http://investors.olb.com Safe Harbor Statement All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement. Contacts OLB Group Investor Relations Rick Lutz [email protected] (212) 278-0900 Ext. 333 SOURCE: The OLB Group, Inc. View source version on accesswire.com: https://www.accesswire.com/725749/OLB-Group-Continues-Record-Revenue-Growth-for-2022...
- Reddit Posts (Sample): [['u/nottobetakenesrsly', 'Misconceptions about money', 38, '2023-01-11 00:51', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/', 'TLDR: There are a lot of misconceptions about money. When money works well, we don’t need to think about it.\n\nThere\'s a great deal of evolved complexity in the current monetary system that may or may not perceptively impact peoples\' lives. The monetary system will continue to evolve, and hopefully without more GFC\'s(GMC\'s). If there\'s a problem to be fixed, any movement wont get far if they don’t understand the problem.\n\nCentral banks aren\'t trying to steal from anyone. Banks don\'t have to be your friend; they just need to work. \n\n...\n\nAlright:\n\nI\'ve found that there\'s a lot of superficial, or overly simplified views on money/the monetary system out there. Extreme antagonism against central banks, commercial banks, etc. in the Bitcoin space. Outdated views on how money is issued, backed, or simply "what money is" both in Bitcoin/CC and anti-Bitcoin/CC circles. I see some of this as due to the over-theorization in academia re: economics, monetary policy, etc. Central banks also over-simplify their role in their public communications to the detriment of better general understanding. Instead, I\'ll come from the perspective of finance; what we actually do day-to-day to fund our activities, and how we ensure "supply" for our markets.\n\nThe modern monetary system is truly global; with many participants across many jurisdictions. I am also going to oversimplify several factors (but hopefully not to a degree that would generate further misconception). We\'ll stick with the global reserve (USD) for any examples. As a note; remember that most money today takes the form of ledger entries; and is not physical cash.\n\nWhere does most money come from?\n\nIn the past; physical cash (paper, coins), comprised most issuance. Sometimes backed by promises of convertibility to precious metals, and usually guaranteed by the government or a related agency. Original central banks (or proto-central banks) were tasked with managing liquidity; and overseeing reserves (managing the funds banks held back to satisfy demand for withdrawals). Due to the constraints of a physical currency system; banks created new procedures to "move" funds without physically transiting cash. Early examples were the acceptance of checks. Banks could correspond with each other and settle transactions on their ledgers without moving physical cash around.\n\nThis phenomenon (using bank ledgers), continued to expand throughout the 1900\'s. These days, physical cash is a vanishingly small portion of what constitutes money; with most money really existing on the ledgers of commercial banks, or bank-like institutions. No backing is present, aside from the implicit convertibility to paper notes. \n\nMost people understand fractional reserve banking *within the regulatory jurisdictions* of their countries. Banks can issue loans using their deposits, but must retain a "reserve" to meet potential withdrawal demand. Banks can keep their reserves with a central bank, and central banks these days also issue "reserves" (denominated in their currency), but are also not cash. These are balance sheet entries that meet regulatory requirements and can be transferred among institutions under the jurisdiction of the central bank. Banks create *the vast majority* of money by lending. \n\nWhat isn\'t covered as much (or is covered in a misleading way: [BIS](https://www.bis.org/publ/qtrpdf/r_qt2212h.htm) ["missing money"](https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/)), is the lending activity outside of the jurisdiction of the central bank. This arena is often called the "eurodollar" system. "euro" in this case only implies "dollars not in the US" (but it is also true of other currencies). Offshore (non-US) entities dealing in USD deposits can also lend against their deposits; and are subject to different reserve requirements (in some jurisdictions, there are no reserve requirements whatsoever - including the US. There are other constraints that are internally or externally imposed). The money creation in this area was significant enough to merit some investigation in the 50\'s and 60\'s including a paper by [Milton Friedman - PDF](https://files.stlouisfed.org/files/htdocs/publications/review/71/07/Principles_Jul1971.pdf). The paper largely captures the space, but suggests a level of indirect influence by the Fed that may be an over-estimation. \n\nNoteworthy are pronouncements of:\n\n>the Euro-dollar market has almost surely raised the world\'s nominal monetary supply... higher than it would otherwise be.\n\nAt the time, the impact wasn\'t fully clear. The eurodollar system evolved out of a necessity; bypassing local constraints to avoid liquidity issues, and potentially going as far as to solve Triffin\'s dilemma/sidestep balance of payments issues. The US didn\'t need to robustly export dollars, because dollars were being created [globally](https://www.economist.com/sites/default/files/20151003_world_econ.pdf) - PDF:\n\n>The freewheeling Eurodollar market for banking in dollars outside America sprang up in the 1960s to get round red tape in America itself. It has been growing at a furious pace ever since.\n\nOf the main methods where global banks and other financial institutions interact, are via derivatives, fx, and repurchase agreements (repo). A repo transaction is when two entities get into a contractual arrangement to sell, and buy back a form of collateral at a later date. A simple example may be that my institution (outside the US), requires USD to satisfy local customer demand or other obligations. We may find another financial entity (e.g. a money market fund), and enter into an agreement. We will sell a mixture of collateral for USD units, and promise to buy it back at a higher price at a later date (often, without the collateral changing hands). We may roll this "loan" over until it can be paid. If we default on the arrangement, the money market fund will take possession of the collateral. Vehicles such as these are what the global system uses to ensure sufficient currency is where it is needed, when it is needed. The 2007-08 crisis was really one of insufficient collateral, causing a cascading breakdown.\n\nMoney is a far more complex thing than "an issuance by the government". Central banks are not out to steal from you using their omnipotent control of the money supply (in reality, they don\'t even have effective measures of broad money). Central banks attempt to influence behavior through monetary policy based on their interpretation of fairly narrow signals, and a narrow definition of inflation. Most aspiring replacements for money propose to fix a system that is ill-understood by its prescriber (I guess maybe we can put a "Few" in here).\n\nApologies for being long-winded or unclear.', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/', '108pa97', [['u/secret369', 30, '2023-01-11 01:14', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tp7y0/', 'The thing is, why settle for a complex and nuanced narrative when you can afford an simplistic us-versus-them nonsensical conspiracy theory?', '108pa97'], ['u/Affect-Electrical', 14, '2023-01-11 01:21', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tqalt/', "The thing about crypto, is it's got nothing to do with how money works, and everything to do with how much money you could get, and absolutely to do with doing whatever you think will get you as much as possible.\n\nAsk SBF.", '108pa97'], ['u/nottobetakenesrsly', 15, '2023-01-11 01:39', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tsuj4/', 'Well summed up... If I were to be generous; maybe it gives people an easier target to blame for shortcomings. Some of the shortcomings may be their own, some may be outside of their control.', '108pa97'], ['u/cladtidings', 11, '2023-01-11 02:08', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tx5hn/', 'Bitcoin weirdos LOVE glib, simplistic narratives that don\'t hold up to scrutiny. I know one who\'ll say things like "gold is just a shiny metal" and "real estate is not a store of value" like it\'s some profound truth and not just some sniveling drivel he\'s parroting. Bitcoin and crypto contributes to the overall dumbing down of the culture, by encouraging hive mind thinking and a meme-based, sound byte philosophy.', '108pa97'], ['u/dyzo-blue', 17, '2023-01-11 02:57', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3u43ki/', "I think with a lot of Fed-haters — be they reactionaries or libertarians or butters — something like this happened to them:\n\n1) Around age 5, their mother tried to instill in them the importance of saving money. She explained that if you keep it in a bank account, the money grows because of interest. She said only bad people spend all their money, rather than setting some aside in a bank and delaying the gratification of spending it, perhaps until they are seniors. Also, borrowing is risky behavior that should be avoided at all costs — only spend less than you have.\n\n2) Then, sometime in their late teens or early twenties, they learn about inflation. And they realize that saving money in a bank throughout their childhood was dumb, as it was decreasing in spending value even with the interest rate included. And it turned out, bankers (whether they work for actual banks or the government) are actually intentionally managing the economy in such a way that there tends to be slow steady and predictable inflation. On top of that, the people who make the most money, borrow money all the time to keep their businesses going. (How unfair is that?)\n\n3) Then, instead of adjusting their model of mo...
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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18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62
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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:**
['New York, NY --News Direct-- Finixio Looking for the best crypto to invest in 2023? Considering the current bear market, some crypto enthusiasts argue that there has never been a better time to invest while prices are low before they explode in the next bull run. In this article, we take a look at the 10 best cryptocurrency to watch in the coming months before the next bull market commences. Best Crypto to Buy Now - Top 10 List Based on a variety of factors - such as current pricing action, future potential, roadmap targets, and mass appeal - here’s a list of the 10 best crypto to invest in now for 2023. MEMAG - Overall Best Cryptocurrency to Buy Today for P2E, NFTs and More Fight Out - Move-to-Earn Concept Rewards Users for Exercise C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars Calvaria - NFT Card Collectables With Play-to-Earn Rewards Lucky Block - Global Crypto Casino and Sportsbook With a Utility Native Token Tamadoge - Enter the Tamaverse to Breed and Battle Virtual Pets for Rewards Bitcoin - Top cryptocurrency to Invest in for Long-Term Wealth Dogecoin - Leading Meme Coin With Huge Online Following Ethereum - Solid Smart Contract Platform and the Home of dApps Read on to find our in-depth views of the undervalued crypto projects listed above. 1. MEMAG - Overall Best Cryptocurrency to Invest in Today The overall best crypto to watch right now is Meta Masters Guild (MEMAG) . MEMAG has just commenced its much-anticipated presale campaign, which is expected to sell out in record time. More on the presale shortly. In terms of the project objectives, Meta Masters Guide is looking to revolutionize the play-to-earn gaming space through its own native, blockchain-based ecosystem. This will be powered and backed by its proprietary crypto token. The unique selling point here is that MEMAG will offer decentralized games with real-world rewards specifically for the mobile gaming market. This is one of the fastest-growing segments of the gaming space and MEMAG is primed to be at the forefront of it in the coming years. There will be no limit to the number or even type of mobile games that form part of the Meta Masters Guild ecosystem. Crucially, however, all games will have a play- AND -earn aspect that enables users to earn and accumulate Gems. Those with Gems can convert the rewards to MEMAG tokens. The play-and-earn concept (as opposed to play-to-earn) ensures that the primary focus for players is to enjoy the games they play. This ensures that players are not accessing games simply for making gains - which is unsustainable in the long run. Story continues Instead, the play-and-earn concept in the MEMAG whitepaper states that if users are playing games in their masses, the economic rewards will follow suit. Another important factor of MEMAG games is that players will own all in-game assets. This will be verified and stored on the Ethereum blockchain for safety and transparency. In terms of upcoming games, MEMAG has already released information on confirmed titles. This includes Meta Kart Races - a player-vs-player racing game with in-game rewards. Next up is Raid NFT, which is based on the classic turn-based fighting concept. Meta Masters World is also under development, which will see players explore open worlds while collecting resources. Now onto the presale. As of writing, MEMAG tokens are in stage one of their presale campaign - trading at just $0.007. Once this stage is complete, the presale price will increase to $0.01. This offers an immediate upside of 40% - and this is before the MEMAG token has even completed its first exchange listing. In terms of the specifics, the MEMAG presale accepts ETH and USDT. Those without either of these tokens can buy ETH with a credit card via the presale website (KYC required). The first centralized exchange listing will be completed in Q2 2023. Visit MEMAG Presale 2. Fight Out - Move-to-Earn Concept Rewards Users for Exercise Next up on this analysis of the best crypto to buy right now is Fight Out . This innovative project is bringing crypto and blockchain to the fitness and exercise spaces. The concept is known as move-to-earn and this is expected to grow exponentially in the coming years. As the name suggests, move-to-earn rewards users for ‘moving’. In other words, completed steps through the day via walking, jogging, or running. However, the underlying technology at Fight Out takes the move-to-earn concept to the very next level. For instance, instead of merely tracking steps, the Fight Out app will be able to take into account all forms of exercise. This includes everything from strength and cardio to muscular endurance. What’s more, Fight Out is building its own unique metaverse that enables users from all over the world to earn while they stay fit. Within the Fight Out metaverse, users will be able to enter competitions to increase earning capabilities, not to mention socialize with other like-minded fitness fans. The metaverse will connect to the real-world, insofar that Fight Out will also be building its own chains of gyms. There will also be Fight Out merchandise, which will further promote the brand. In order to gain unfettered access to the Fight Out metaverse and super app, users will need to pay a subscription. All subscription fees are paid in $FGHT tokens. This is the native token of the Fight Out ecosystem - which is built on top of the Ethereum blockchain. The second digital currency that is native to the Fight Out ecosystem is REPS. This is the currency that enables users to earn rewards through workouts, exercise competitions, and more. One of the best things about Fight Out and its advanced, web 3.0 move-to-earn concept is that the project is only just getting started. And as such, those looking to gain exposure to Fight Out can now do so via the ongoing presale campaign. At this moment in time, the Fight Out crypto presale is in stage one. Therefore, at $0.0166, this offers the lowest price point possible. Once $5 million has been raised, the Fight Out crypto presale will increase the price to $0.0333. This means that those buying during stage one of the presale will lock in a huge discount of 50%. As an Ethereum-based, ERC-20 token, Fight Out accepts both ETH and USDT during the presale. Check out the Fight Out whitepaper here. Visit Fight Out Presale 3. C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations One of the best cryptocurrency to buy today from the green and renewables arena is C+Charge . This project is looking to democratize the carbon credit industry via charging stations. To set the scene, carbon credits are permits that enable businesses to emit higher levels of carbon and other harmful gasses into the atmosphere. As such, carbon credits have real-world value. However, in its current form, electric vehicle (EV) owners are not earning carbon credits when charging their model - as should be the case. Instead, the carbon credits are earned by the respective charging station and of course, the maker of the EV. This is where C+Charge comes in. In a nutshell, the project is building a global network of charging stations that will enable EV owners to earn carbon credits every time they charge and drive their cars. This will be in addition to partnerships with leading EV manufacturers and operators. Not only that, but the project is looking to revolutionize payments at charging stations too through its native digital token - C+Charge. This Ethereum-based token will ensure that EV owners are able to earn carbon credits in a transparent and secure way. Another important factor about C+Charge is its reflection program. This will allow C+Charge token holders to earn carbon credits passively. This is because 1% of all C+Charge transactions will be allocated to directly purchasing carbon credits, and distributed to token holders accordingly. Although C+Charge is a new and growing project, it has already formed partnerships with a range of notable stakeholders. This includes Chain Labs, CLS Global, Flowcarbon, Phihong, and many others. Those that view C+Charge as the best crypto to invest in 2023 will be pleased to know that the token is currently engaged in its presale launch. Not only that, but as the presale is in stage one, early investors can take advantage of a discounted price of $0.013 per CCHG token. Once stage two kicks in, the price will increase to $0.0165 per CCHG. For stage one investors, this means an immediate upside of 26%. The first CEX listing of C+Charge will go live on March 31st, 2022. Check out the C+Charge whitepaper for more information on this project. Visit C+Charge Presale 4. Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars One of the best cryptocurrency to invest in 2023 for proponents of the metaverse may wish to explore Robotera . This project is not only building its own, unique metaverse - but the ecosystem is themed around robots. Each virtual robot will be completely unique and personalized to the user. The overarching concept is that players will use their virtual robot to acquire resources throughout the limitless Robotera metaverse. This includes the ability to buy virtual plots of land. The concept of real estate in the metaverse is growing at a rapid pace, which is why Robotera could be the best cryptocurrency to buy now. After buying land, players will be able to build on it however they see fit. There are no boundaries in the Robotera metaverse, meaning players can build everything from a condo or hotel to a stadium. Moreover, the Robotera metaverse enables players to monetize their virtual land and real estate projects. As a simplistic example, players can rent out rooms in their custom-built hotel. Crucially, all virtual plots of land and in-game assets are backed by NFTs. This ensures that players have the opportunity to sell or trade their virtual items at
**Last 60 Days of Bitcoin's Closing Prices:**
[16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-12
**Financial & Commodity Data:**
- Gold Closing Price: $1895.50
- Crude Oil Closing Price: $78.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $350,891,335,612
- Hash Rate: 255914886.5988972
- Transaction Count: 315980.0
- Unique Addresses: 717816.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.30
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: ABBC has recently launched its ABBC Trade portal, allowing users to trade their coins and earn 300% in BUSD rewards. Read more Dubai, UAE, Nov. 24, 2022 (GLOBE NEWSWIRE) -- ABBC Foundation unveiled its latest trading platform ABBC Trade on November 1, 2022. ABBC Trade enables users to earn 300% in BUSD rewards in 365 days, which can be withdrawn every seven days via Aladdin Pro Wallet . Users can trade ABBC coins worth a minimum of 100 BUSD and a maximum of 1000 BUSD per month. Once the users reach a maximum limit, they must wait at least a month before trading additional ABBC coins. The ABBC Trade portal also has an intriguing attribute where users can invite their friends or family to start an account using a referral code. With this referral credit, users can gain 7% BUSD of the invitee’s traded amount as instant referral rewards. Another compelling detail is that the ABBC team is on track to start a Bonanza event every month and one lucky winner with an active ABBC Trade plan can win an exciting bonus. This bonus includes the chance to double the amount traded on the winner’s plan. The ABBC Trade portal also relies on a secure transaction, and users must undergo KYC verification to subscribe to any plan with the trade portal. A scanned copy of the user’s passport or a government-issued photo ID must be submitted together with a selfie holding their passport or photo ID in one hand, and a piece of paper with the current date and “#ABBCCoin” written on the other hand. Aiming to provide the most user-friendly experience, the ABBC Trade platform ensures a fast, efficient, and secure trading portal that allows users to track all the BUSD rewards they have earned. The users can claim these earned rewards immediately at any given time. The ABBC team strives to create an ever-supportive ABBC community with the latest technological advancements and user-attractive projects in the blockchain and crypto realms. Users can receive all the latest updates on ABBC projects by following their social media platforms and Telegram channel. Also, for enquires, ABBC provides a support team at [email protected] . Story continues In related news, Buyaladdin will soon reveal its global launch under the ABBC Foundation. Buyaladdin is a cryptocurrency-based online shopping mall that makes shopping more accessible for crypto-savvy customers. The shopping mall will accept payments in Bitcoin (BTC), Ethereum (ETH), and ABBC coin (ABBC). Specifically, 1 ABBC will be equal to $100 in the Buyaladdin shopping mall. About ABBC Launched in 2017, the ABBC Foundation is a Dubai-based blockchain company. Its native coin, the ABBC Coin, aims to introduce the future of payment security to its users. The ABBC platform affirms seamless crypto transactions for every user. The platform has its own digital wallet service with which users can conduct transactions at their convenience devoid of any privacy issues. Website: https://trade.abbccoin.com Telegram: https://t.me/abbcfoundationofficial CoinmarketCap: https://coinmarketcap.com/currencies/abbc-coin/ Disclaimer : 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. This is not investment advice. Please do your own research. Contact info : Contact name : Suresh Kannan Contact Email : [email protected] Company : ABBC FOUNDATION Location : Dubai, UAE...
- 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.
|
19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42
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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:**
['With a stressful year behind us, it’s time to buy undervalued stocks , including the seven bargain financial stocks we’ll discuss today.\xa0Historically, this industry is known for sizable dividends and strong profitability, especially now with rising interest rates. When combined with attractive entry points, these seven bargain financial stocks could help return solid gains. Even better, these financial stocks are all selling at a discount to their book values while offering strong prospects. C Citigroup $49.09 NYCB New York Community Bancorp $9.45 BBVA Banco Bilbao Vizcaya Argentaria $6.85 STC Stewart Information Services $47.03 CIB Bancolombia $29.39 KB KB Financial $45.56 CUBI Customers Bancorp $29.50 Citigroup (C) The logo for Citigroup (C) can be seen on the side of an office building for the company. Source: Willy Barton / Shutterstock.com Citigroup (NYSE: C ) is one of the nation’s largest banks. It has a dominant franchise spanning investment banking, retail operations, and a massive international footprint. Unfortunately, the company also developed a strong reputation for problematic situations. For example, Citigroup once sent $900 million to Revlon creditors in an epic blunder. Meanwhile, the bank should have only sent $7.8 million. However, despite its fair share of gaffes, the stock has become undervalued. So much so, it now trades at about half of its book value, which is well under other U.S. banks. In addition, the stock trades at just 6.7x earnings and pays a dividend yield of 4.2%.\xa0Sure, Citigroup is far from the most efficient or well-run bank in the country. But its operations are strongly profitable and maintain considerable investment appeal. For value investors, Citigroup is a worthy buy at today’s prices. InvestorPlace - Stock Market News, Stock Advice & Trading Tips New York Community Bancorp (NYCB) A customer makes a transaction at a bank Source: Africa Studio / Shutterstock.com New York Community Bancorp (NYSE: NYCB ) is a large regional bank in New York City.\xa0The bank has historically run a unique model focused on lending primarily to multi-family housing landlords. There are relatively few banks that lend against this property type in New York, giving the bank a solid niche with a broad pool of clients. These loans are exceptionally low risk, given the stability and demand for New York apartments. Story continues On the other hand, New York Community Bancorp has delivered meager returns in recent years as the low-risk business simply hasn’t generated enough profits to excite shareholders. However, things appear to be changing. The bank finalized its merger with Flagstar Bancorp, which now expands the firm’s lending operations and brings in a larger amount of low-cost deposits. This should immediately boost the combined bank’s earnings considerably.\xa0Throw in a discount to book value and a mouth-watering 7.2% dividend yield, and NYCB stock is set to rise in 2023. Due to the low-risk nature of its loan book, the bank is also better positioned than most if and when a recession does in fact hit. Banco Bilbao Vizcaya Argentaria (BBVA) hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills Source: shutterstock.com/CC7 Banco Bilbao Vizcaya Argentaria (NYSE: BBVA ), or BBVA for short, is a multinational bank headquartered in Spain. Despite its European roots, BBVA has evolved primarily into an emerging market bank. It generates three-quarters of its profits away from Spain, and close to half from its Mexican operations alone. This has been a favorable development for BBVA as Latin American economies have been more dynamic than European ones recently. European banking shares have had a miserable decade amid low-interest rates, sluggish consumer spending, and minimal GDP growth. Investors may overlook BBVA stock due to being based out of Spain. However, its key franchise in Mexico has much more promising prospects. The Mexican economy has performed well coming out of the pandemic, with it particularly gaining strength in the manufacturing sector. As companies rethink their supply chains, many firms are reducing production in China and increasing activity in Mexico instead, which leads to more lending prospects for BBVA. BBVA stock has rallied sharply over the past few months. Despite that, shares remain cheap. Not only are they at a discount to book value, but they also sell for less than seven times earnings. As if that weren’t enough, BBVA stock also offers a 6.7% dividend yield. Stewart Information Services (STC) miniature home next to pen, pad of paper, calculator and coins on a desk Source: MIND AND I / Shutterstock.com Stewart Information Services (NYSE: STC ) is involved with the attractive title insurance industry.\xa0This form of insurance protects banks and homeowners from any defects in the deed for properties. Unlike most forms of insurance, damages tend to be quite limited compared to premiums, leading to large profits for the insurers. So, why do people buy title insurance? Most banks won’t issue a mortgage for a home unless the buyer purchases title insurance. Thus, Stewart and its peers have a tremendous business, as they get a nice cut of just about every home purchase in America. Right now, the market isn’t so impressed, however. With home prices topping out and new home purchases losing steam, analysts are preparing for a downturn in demand for title insurance along with other housing-related products.\xa0That’s a valid concern. But it’s a short-term issue. The long-term appeal of title insurance remains bright. Meanwhile, STC stock now sells for less than seven times forward earnings and pays a 3.8% dividend yield as well. Bancolombia (CIB) bank customer sliding money to teller at bank desk Source: Syda Productions / Shutterstock.com Bancolombia (NYSE: CIB ) is Colombia’s largest banking firm. It, along with its two chief rivals, controls about 70% of the nation’s banking market. This leads to high-profit margins thanks to limited competition. Bancolombia also controls a sizable banking franchise across Central America. Shares took a hit in the back half of 2022 following Colombia’s election of Gustavo Petro. In theory, this could be a major negative for the bank. However, South American countries have a tendency to swing dramatically between the left and right without causing too much change to underlying business fundamentals. Colombia historically has been pro-business and offered shareholders strong returns. Bancolombia, for its part, has been listed in New York since 1995 and has delivered a total return (including dividends) of more than 600% since its listing in that year.\xa0The current sell-off could be a golden opportunity. Shares now go for just four times forward earnings and are at a significant discount to their traditional price/book value ratio. Meanwhile, Colombia’s economy has been heating up over the past year, as it is a major exporter of crude oil and other commodity products which benefit from inflationary conditions. KB Financial Group (KB) Finger pointing at the word "banking" Source: PopTika/ShutterStock.com KB Financial Group (NYSE: KB ) is South Korea’s leading financial group. It’s more than just a bank. It has invested heavily in other lines of business such as securities and insurance to smooth out operations and reduce its reliance on core banking profits. In addition to its leading position in the South Korean market, KB also operates in numerous other Southeast Asian markets and has recently furthered its footprint with acquisitions in Cambodia and Indonesia. What’s the appeal of a South Korean banking franchise? South Korean equities have been depressed for the past few years. That’s driven by a series of concerns around the Chinese economy, regional geopolitical tensions , and worries around the demand for key South Korean exports.\xa0However, arguably, this is all reflected too heavily in the prices of leading South Korean companies, including KB stock. Shares are now going for less than 5.5 times forward earnings. The stock pays a greater than 6% dividend yield. In addition, the company just announced a new share buyback program as well. Customers Bancorp (CUBI) Image of a grey cityscape with a large corporate building that features the word bank on it Source: Shutterstock Customers Bancorp (NYSE: CUBI ) is a smaller regional bank based out of Pennsylvania, which has\xa0enjoyed tremendous growth over the past few years. The bank’s revenues surged from $288 million in 2019 to $405 million in 2020 and then $735 million in 2021. Customers Bancorp achieved this through an aggressive digital strategy. Customers have launched a banking-as-a-service platform for FinTech and cryptocurrency companies. This is to say that Customers has served as an FDIC-regulated conduit to help provide liquidity to emerging sectors of the economy. Doing business for crypto and FinTech companies has given Customers Bancorp access to a large pool of low-cost deposits which, in turn, can be lent at highly profitable rates. Now, however, any and all banks with a cryptocurrency angle have come under fire . However, this may be overblown. For banks that merely hold cryptocurrency deposits, rather than lending to crypto firms, there should be minimal risk. Regardless, CUBI stock has dropped nearly 60% over the past year, which now puts shares at just four times forward earnings. On the date of publication, Ian Bezek held a long position in CIB and NYCB stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make
**Last 60 Days of Bitcoin's Closing Prices:**
[16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-13
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $360,708,771,200
- Hash Rate: 269473291.1869182
- Transaction Count: 316549.0
- Unique Addresses: 743545.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.31
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: After a rough year for investors in 2022, will it be all uphill for them in 2023? That will not necessarily be the case. As the factors driving the market lower over the past 12 months persist, plenty of stocks, including some names that have experienced huge drops from their highs, remain stocks to sell. The valuation of some of these stocks remain quite elevated. Thats because, although richly priced growth stocks have been particularly hard hit due to the rapid rise of interest rates. many names remain overpriced relative to their respective, future prospects. Additionally, some stocks will drop further because their fundamentals are deteriorating. With spiking interest rates weighing on economic growth and some economists expecting GDP to contract this year, many companies that were crushing it during the pandemic era are at risk of getting crushed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors should unload or steer clear of these seven stocks to sell. Each one of them could get buried further in 2023. ABNB Airbnb $85.50 COIN Coinbase $35.39 FSLR First Solar $149.79 GME GameStop $18.46 NVDA Nvidia $146.14 TSLA Tesla $123.13 UPST Upstart $13.22 Airbnb (ABNB) A close-up shot of the Airbnb (ABNB) app on a smartphone screen. Source: AngieYeoh / Shutterstock.com After falling nearly 50% over the past year, Airbnb (NASDAQ: ABNB ) may already reflect the end of the revenge travel boom, some may argue. Yet despite the big drop of ABNBs price, the shares are likely to drop further due to two factors that I highlighted in the introduction: Valuation and worsening fundamentals. Right now, ABNB stock trades for 35.5 times its earnings. That would arguably be a reasonable valuation if the company was still poised to grow rapidly. But with analysts estimates calling for the firm to deliver earnings growth of just 8.1% in the next year, ABNBs current price-earnings ratio is excessive. Even worse, its results in the coming year could fall to meet analysts average estimate. At least, thats the view of Morgan Stanley a nalyst Brian Nowak. On Dec. 6, he downgraded ABNB , citing factors such as its slowing active listings growth, as well as concerns that the future increases in its occupancy rates will fall short of forecasts. Story continues Coinbase (COIN) The app for Coinbase (COIN) displayed on an iPhone screen. Source: OpturaDesign / Shutterstock.com After tumbling 86% last year, Coinbase (NASDAQ: COIN ) may seem at first glance to have a positive risk-reward ratio and provide investors with a good way to bet on a cryptocurrency recovery. Unfortunately, while the shares of the crypto-exchange operator are significantly cheaper today than they were at the start of 2022, there are many reasons to believe that the stock will sink further over the next 12 months. As veteran investor and InvestorPlace contributor Louis Navellier argued in his Dec. 16 column, COIN stock will likely tumble deeper into the icy crypto winter waters in 2023. After cryptos had already been burned by the big, across-the-board decline of cryptocurrency prices, the recent FTX scandal has provided retail investors with yet another reason to avoid the asset class. With many retail investors shunning cryptos, its difficult to imagine Coinbases revenue, which is expected to have dropped by more than 50% in 2022 , making much of a recovery this year. With the odds of another crypto boom emerging in the future tiny, COIN will probably continue to crumble. First Solar (FSLR) First Solar logo on smartphone in front of computer screen with graphs. FSLR stock Source: IgorGolovniov / Shutterstock.com In contrast to most of the other stocks to sell in this column, First Solar (NASDAQ: FSLR ) was on a tear last year, jumping 72%. Its gain was thanks mostly to the Inflation Reduction Act , which was signed into law by President Biden in August. The law provides ample tax incentives and subsidies to the renewable energy sector. Yet while the legislation is set to boost the company, its possible that the market has gone overboard pricing this positive catalyst into FSLR stock. Indeed, the shares today trade for 169 times its earnings . Although many believe that First Solars profitability will skyrocket next year, that may not happen. As a Seeking Alpha commentator recently argued, a looming recession and tough competition suggest that the companys profits will fall short of the Streets outlook. While FSLR is still a market darling now, that may not remain the case for long. GameStop (GME) An empty GameStop (GME) store in Dresden, Germany. Source: 1take1shot / Shutterstock.com The meme stocks trend is so 2021. But even in the early stages of 2023 the meme king, GameStop (NYSE: GME ), has held onto a modest amount of its gains from the speculative frenzy that transpired nearly two years ago. Yet while GameStop is faring better than many of its meme peers like AMC Entertainment (NYSE: AMC ), dont assume GME will keep holding up. The shares continue to be valued primarily on the perceived potential of GameStops nascent e-commerce and non-fungible token (or NFT) exchange ventures. However, the future prospects of these endeavors, which are arguably moonshots, are extremely murky . Furthermore, GameStops core brick-and-mortar retail business continues to flounder, as the video game industry enters a slump . As the company burns through more of its $1 billion of cash , GME stock looks to be on track to keep falling steadily back to its pre-meme price levels. In other words, its probably going to fall below $5 per share. Nvidia (NVDA) Closeup of mobile phone screen with logo lettering of nvidia corporation on computer keyboard. NVDA stock. Source: Shutterstock Nvidia (NASDAQ: NVDA ) stock is also partially, but not fully, pricing in the macroeconomic challenges facing companies. The chipmaker definitely crushed it during the pandemic era. Between its fiscal 2020 and FY22, its revenue more than doubled, while its earnings more than tripled. However, with the demand for its CPU and GPU chips softening, analysts, on average, expect its revenue to be little changed this fiscal year compared with the last one. Whats more, analysts mean estimate calls for its earnings to decline 15.6%, to $3.30 per share. Not only that, but NVDAs situation could worsen in FY23, as another chip glut isnt out of the question. Given these points, along with the fact that NVDA stock trades at a pricey 62 times its trailing earnings, the stock is unlikely to climb a great deal and is poised to sink much further. After this years tech selloff, many names are now appealing, but NVDA isnt one of them. Tesla (TSLA) Tesla Motors (TSLA) now an SP500 company with a busy Pond Springs location in northwest Austin, TX Source: Roschetzky Photography / Shutterstock.com In 2020 and 2021, Tesla (NASDAQ: TSLA ) slayed its skeptics, as the electric vehicle makers earnings skyrocketed, and EV stocks soared as the sector entered bubble territory. Over the past year, though, TSLA stock, at one time seemingly unsinkable, has fallen considerably, causing the shares forward price-earnings multiple to tumble. As a result, some believethat the shares have become a steal. So is it time to go bottom fishing with Tesla? Not so fast! Believing that TSLA (trading for 22 times forward earnings) is a buy may just be an example of giving too much value to its huge decline . Thats because the circumstances that drove this stock to its prior, lofty highs arent likely to re-emerge. In fact, as it becomes clearer that Tesla is a car company which is not immune to the cyclical nature of the auto business, its valuation may sink to levels more in line with that of the incumbent automakers. Upstart Holdings (UPST) The website for Upstart (UPST) is viewed through a magnifying glass focused on the company's logo. Source: Postmodern Studio / Shutterstock.com It may seem odd to say that Upstart Holdings (NASDAQ: UPST ) still belongs in the stocks to sell category, since the shares of the fintech firm currently trade at levels which are light years away from their all-time high. Yet much like Tesla, the story behind this former hot stock has unraveled. As Ive argued previously, the market in 2021 overestimated the ability of Upstarts AI-powered loan underwriting platform to disrupt the lending industry . Investors who bought UPST stock near its all-time high paid dearly for their decision, as the companys growth screeched to a halt, and concerns about its underwriting methods spiked. Even after UPST dropped 91% last year, it can suffer another decline of around 18%. Its unraveling can continue if its transaction volumes keep falling and its default rates rise going forward. On the date of publication, Thomas Niel did not hold (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 . Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air It doesnt matter if you have $500 or $5 million. Do this now. The post 7 Stocks That Are About to Get Absolutely Crushed appeared first on InvestorPlace ....
- 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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20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43
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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\'s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November.\nThe largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto – which topped $65,000 in Nov. 2021 – remains near the low end of a brutal bear market.\nIndeed, $20,000 “once [was] deemed a disturbing low but now potentially represents a sign of a revival,” according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda.\nAlso moving nicely higher is ether (ETH), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November.\nTheCoinDesk Market Index(CMI) rose 14% for the week.\nCrypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%.\nRead more:Left for Dead Crypto Names Roar Higher as Bitcoin Bounces\nTraditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began andas U.S. inflation numbers- though remaining elevated – continued to move lower. “Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,” Erlam wrote.\nNicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China’s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors’ attention."\n“None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,” said Colas.', 'Bitcoin\'s ( BTC ) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto \x96 which topped $65,000 in Nov. 2021 \x96 remains near the low end of a brutal bear market. Indeed, $20,000 \x93once [was] deemed a disturbing low but now potentially represents a sign of a revival,\x94 according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda. Also moving nicely higher is ether ( ETH ), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November. The CoinDesk Market Index (CMI) rose 14% for the week. Crypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%. Read more: Left for Dead Crypto Names Roar Higher as Bitcoin Bounces Traditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began and as U.S. inflation numbers - though remaining elevated \x96 continued to move lower. \x93Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,\x94 Erlam wrote. Nicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China\x92s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors\x92 attention." \x93None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,\x94 said Colas.', 'Bitcoin\'s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November.\nThe largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto – which topped $65,000 in Nov. 2021 – remains near the low end of a brutal bear market.\nIndeed, $20,000 “once [was] deemed a disturbing low but now potentially represents a sign of a revival,” according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda.\nAlso moving nicely higher is ether (ETH), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November.\nTheCoinDesk Market Index(CMI) rose 14% for the week.\nCrypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%.\nRead more:Left for Dead Crypto Names Roar Higher as Bitcoin Bounces\nTraditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began andas U.S. inflation numbers- though remaining elevated – continued to move lower. “Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,” Erlam wrote.\nNicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China’s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors’ attention."\n“None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,” said Colas.', "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin.\nBitcoin hasn’t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX.\nThe broader crypto market is also showing signs of life as the total market capitalization of the industry currently stands at $979 billion, an increase of 3.8% in the last 24 hours. More than $72 billion in crypto has been traded in the last day, according to CoinGecko.\nThe price of BTC began to climb earlier this week in anticipation of the release of the Federal Reserve's DecemberConsumer Price Indexreport. Bitcoin started the week trading at $17,207 on Monday and has continued an upward trajectory ever since. The CPI report met market expectations and showed that inflation in the U.S. economy is indeed slowing.\nThe report was welcomed news for both traditional and crypto investors. But it also comes at a time when there is a renewed focus on crypto in Washington, D.C. The collapse of FTX in November has lawmakers on high alert. FTX founder and former CEO Sam Bankman-Fried was arrested last month and charged with eight crimes, including wire fraud and campaign finance violations.\nThe SEC has also increased its scrutiny of the crypto market as of late, bringing fresh charges against major players. Yesterday, the Commission charged cryptocurrency exchange Gemini and crypto broker Genesis with securities laws violations over an “Earn” program that allowed investors to earn yield on Bitcoin deposits. U.S. House Republicans also announced plans yesterday for a subcommittee dedicated to cryptocurrency,Politicoreported.\nWhile Bitcoin's upward moves have many on Crypto Twitter celebrating, $20,000 is still 71% lower than Bitcoin's previous all-time high of just over $69,000.\nThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.", "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin. Bitcoin hasn\x92t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX. The broader crypto market is also showing signs of life as the total market capitalization of the industry currently stands at $979 billion, an increase of 3.8% in the last 24 hours. More than $72 billion in crypto has been traded in the last day, according to CoinGecko. The price of BTC began to climb earlier this week in anticipation of the release of the Federal Reserve's December Consumer Price Index report. Bitcoin started the week trading at $17,207 on Monday and has continued an upward trajectory ever since. The CPI report met market expectations and showed that inflation in the U.S. economy is indeed slowing. The report was welcomed news for both traditional and crypto investors. But it also comes at a time when there is a renewed focus on crypto in Washington, D.C. The collapse of FTX in November has lawmakers on high alert. FTX founder and former CEO Sam Bankman-Fried was arrested last month and charged with eight crimes, including wire fraud and campaign finance violations. The SEC has also increased its scrutiny of the crypto market as of late, bringing fresh charges against major players. Yesterday, the Commission charged cryptocurrency exchange Gemini and crypto broker Genesis with securities laws violations over an \x93Earn\x94 program that allowed investors to earn yield on Bitcoin deposits. U.S. House Republicans also announced plans yesterday for a subcommittee dedicated to cryptocurrency, Politico reported. While Bitcoin's upward moves have many on Crypto Twitter celebrating, $20,000 is still 71% lower than Bitcoin's previous all-time high of just over $69,000. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. View comments", "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin.\nBitcoin hasn’t been priced this h
**Last 60 Days of Bitcoin's Closing Prices:**
[16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-14
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $402,766,851,750
- Hash Rate: 289810898.0689498
- Transaction Count: 309880.0
- Unique Addresses: 725858.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.46
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoindipped Wednesday after negative news from bank bosses caused investors to shift risk assets.
The largest cryptocurrency by market cap was trading for $16,813 at the time of writing, according to CoinGecko—a 1.2% 24-hour drop. Earlier in the day, it sharply dropped from $17,046 to $16,750 in just two hours—a level not experienced since the end of November.
The rest of the crypto market was mostly trading at a loss after recession forecasts and job cutannouncementsfrom top bank chiefs led Wall Street traders to sell stocks: the Nasdaq 100 down 2% and the S&P 500 was on set for its fourth losing day in a row.
Digital assets have largely been correlated with U.S. equities this year. When the Federal Reserve has raised interest rates to get historically high inflation under control, investors have sold so-called risk assets—which include tech stocks,Bitcoinand other digital assets—and retreated to the perceived safety of the U.S. dollar.
And when the Fed has shown signs of slowing down its aggressive monetary policy, the price of equities has jumped up—taking the crypto market (mostly) with it.
But other factors have weighed hard on assets like Bitcoin and Ethereum, too: In May, crypto project Terra crashed, leading to a brutal sell-off. And at the start of last month, FTX, one of the biggest digital asset exchanges went bust, ultimately scaring investors away from an already volatile market. And it isn't just Bitcoin taking a hit.
Ethereumis also down today by over 2%, trading hands for $1,229. The second largest digital asset also experienced a sharp sell off earlier today. It's now down 74% from its all-time high of $4,878.
And out of the biggest cryptocurrencies by market cap,Dogecoinhas been hit the hardest today: the original “meme coin” and eighth largest digital asset was priced at $0.095 at the time of writing—a 4.2% 24-hour dip.
The cryptocurrency had been an outlier at the end of November and the start of this month, popping up in value, while the rest of the market was sleepy, following speculation that Elon Musk, who frequently tweets about the meme coin,might includeit in his Twitter plans.
But it is now down 6.6% in the past seven days....
- 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.
|
20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47
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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:**
['Chamath Palihapitiya cohosts the podcast "All-In." Brian Ach/Getty Images Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. They include "All-In" with Chamath Palihapitiya and "The Future of Everything" by the WSJ. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Global venture-capital funding in 2022 may have dipped 35% from 2021, according to a report by analytics company CB Insights, but VCs are still eager to make deals . It\'s a tough market right now, though, and investors need reliable insights, news, and information to spot opportunities and avoid making the wrong moves. Podcasts can help. Here are 11 great options, recommended by VCs,\xa0 founders, CEOs, and other industry insiders. 1. \'The Full Ratchet\' with Nick Moran Steve Taub, the managing director of investments at JetBlue Ventures , JetBlue Airways\' VC firm that\'s invested in startups like Joby and Flyr Labs , said he likes " The Full Ratchet " because it "demystifies" the VC world. The podcast\'s host, Nick Moran — the founder and general partner of New Stack Ventures — has interviewed VCs and startup founders like Mark Suster , Eric Paley , and Joanne Wilson on how they build great companies. "Moran often has interesting guest interviews, and I like the short \'investor stories\' about lessons learned and unusual situations," Taub said. "I like that they\'re brief so I can listen to them when I don\'t have time for a full interview." 2. \'Catalyst\' with Shayle Kann Taub is also a fan of " Catalyst ," which interviews investors, researchers, and executives knowledgeable about the world of climate tech. While this isn\'t a strictly VC-focused podcast, the host, Shayle Kann, is a partner at Energy Impact Partners and leads EIP\'s investments at the frontier of climate tech, so the show covers timely topics in the climate-tech space. Taub told Insider he listens to "Catalyst" because the threat of climate change — and humanity\'s response to it — is among the defining issues of the 21st century. "It will shape almost every aspect of our society and economy, so it\'s creating enormous opportunities for innovation and entrepreneurs," Taub said. "I think Kann does a great job of finding people with interesting ideas in the space, and he teases out the real challenges they need to overcome to be successful, so it\'s not just cheerleading." Story continues 3. \'The Twenty Minute VC\' with Harry Stebbings Andrew Gershfeld , a partner at the Boston-based investment fund Flint Capital — whose investments include the unicorns Socure (valued at $4.5 billion) and WalkMe (valued at $2.5 billion at IPO) — is a fan of " The Twenty Minute VC " podcast. "Permanent lack of time in an investor\'s life makes you very picky when it comes to podcasts," he told Insider. "I find the \'20VC\' podcast very useful and insightful. Listening to how other VCs speak about themselves and how entrepreneurs describe the VCs they work with helped me understand how to differentiate our firm from the crowd." Gershfeld said the host, Harry Stebbings, asks high fliers from successful VC firms — including Will Quist, a partner at Slow Ventures , and Kyle Harrison , a general partner at Contrary — how they forged investment scenarios to achieve big goals and what\'s impacted their leadership approach. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "He\'s a self-made VC professional who turned from a VC fan in his teens into a full-fledged investor who manages over $140 million ." 4. \'All-In\' with Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg Gershfeld loves the podcast " All-In " because so few podcasts cover "all major things of the week" — from economics and technology to politics and social agendas. He said the four hosts possess "unmatched experience" and knowledge about technology and the VC market. "Chamath Palihapitiya appears to be one of the few investors who has gone from VC into hedge-fund management," Gershfeld said. "Jason Calacanis has more than two decades in tech. David Sacks has over 20 unicorns in his portfolio, including Airbnb, Facebook, SpaceX, Twitter, and Uber. And David Friedberg of Climate Corporation, one of the first 1,000 employees at Google, helped run Google\'s AdWords and worked with Larry Page, Google\'s cofounder." Gershfeld favorite segments include " Reflecting on the first 100 shows ," and " Softbank\'s $21B+ Vision Fund loss ." 5. \' The Future of Everything \' by The Wall Street Journal The WSJ\'s\xa0" The Future of Everything " podcast is the top pick of Ryan Nelson, a partner at the early-stage venture studio and VC fund Jobi and the cofounder of Jobi Brands, which has helped build celebrity brands like Courteney Cox\'s home-care brand Homecourt and Kate Hudson\'s wellness brand Inbloom . "I love this podcast for being very far-forward-looking and covering potential changes in technology that could dramatically alter our world," Nelson said. "Personally, I\'m interested in how our lives and societal trends will evolve and be shaped by new inventions — or new applications of older technologies. "I think it\'s worthwhile to understand what types of opportunities to be on the lookout for in the near to medium term that are in line with these longer-term movements. By the time things are very obvious and in the mainstream, it can be too late to capitalize fully on the opportunity provided." 6. \' Venture Unlocked \' with Samir Kaji Jenny He — the founder and general partner of Position Ventures ,\xa0an early-stage venture fund backed by Bain Capital\xa0Ventures and Tiger Global that\'s invested in Fractal , Anrok , and WorkWhile — said the Allocate CEO and founder Samir Kaji\'s\xa0" Venture Unlocked "\xa0podcast is "a must-listen for any emerging manager or anyone looking to get into venture capital." The podcast interviews fund managers from all walks of life to reveal their approach to venture, trends they\'re seeing in the market, and how they got started with their first fund, featuring interviews with established VCs as well as emerging managers on their first fund. One of He\'s favorite episodes is " Alex Ohanian on the new era of VC ." "\'Venture Unlocked\' gives listeners\xa0unique access into the world of starting and scaling a venture-capital firm — as well as a rare glimpse into the LP perspective, which few people know the ins and outs of,"\xa0He said. "As a first-time fund manager, it was valuable to hear from other\xa0fund managers on how they got started, as starting a fund is also a founder journey." 7. \' Capital Allocators \' with Ted Seides Ted Seides, an allocator and asset-management expert, hosts " Capital Allocators — Inside the Institutional Investment Industry ," which SC Moatti , the founding managing partner of the San Francisco-based VC firm Mighty Capital , a backer of Airbnb and Amplitude, said has "the most quality, in-depth discussions on how institutional investors select the VCs they invest in." "My favorite series of the show is their manager interviews, where an endowment will invite one of the venture funds they invested in — great nuggets on what makes VCs get excited about deals," Moatti added. 8. \' Masters of Scale \' with Reid Hoffman Chenxi Wang, the founder and general partner of the Silicon Valley-based venture fund Rain Capital and a former executive at Intel and Forrester, is a fan of the " Masters of Scale " podcast, where the LinkedIn cofounder Reid Hoffman proves unconventional theories about how businesses scale and interviews top CEOs. "As a general partner of a venture fund, I don\'t have a lot of time, but I can always learn something valuable from Reid\'s conversations with leaders who have scaled a massively successful business," Wang said. "In my opinion, building a successful startup is 30% about the idea and 70% about the ability to scale up the operation. Scaling a business is about building repeatable motions, establishing meaningful business metrics, and responding to evolving market conditions. The \'Masters of Scale\' podcast hits on those aspects really well, and I recommend all founders listen to this podcast and make it a regular resource." 9. \'What Is Money?\' with Robert Breedlove Nathan Montone, the cofounder and CEO of M31 Capital Management , a global\xa0investment firm focused exclusively on crypto assets and blockchain\xa0technology, and an early backer and advisor to Helium, lists " What Is Money? " with Robert Breedlove, a former hedge-fund manager and philosopher in the bitcoin space, as one of his favorite podcasts and the best starting point for anyone looking for a "first principles understanding" of monetary technologies. "\'What Is Money?\' takes deep philosophical dives into the importance of bitcoin through historical, political, technical, and spiritual lenses," Montone said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is." 10. \' Origins \' by Notation Jenny Rooke, the managing director of Genoa Ventures , a VC investing in early-stage companies like Intabio and InterVenn in the biology and tech sectors, said " Origin, " a podcast created by Alex Lines and Nick Chirls, partners at the VC firm Notation Capital , is "excellent" for providing the LP perspective. "The Notation Capital hosts ask LPs the questions that are on general partners\' minds, such as how LPs think about allocating to new and emerging managers, tips and guidance for communicating well with LPs, and the LP view on markets and trends that need to be reflected in a manager\'s evolving strategy in order to stay current and succeed," Rooke said. 11. \' Built to Sell Radio \' with John Warrillow " Built to Sell Radio " airs weekly and features an entrepreneur who\'s recently sold their business to share why they sold it, focusing on their mistakes
**Last 60 Days of Bitcoin's Closing Prices:**
[16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-15
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $399,931,917,875
- Hash Rate: 280250606.7848099
- Transaction Count: 252086.0
- Unique Addresses: 605147.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: These top airline stocks to buy are expected to soar, all thanks to a busy holiday season. Over Thanksgiving break, an estimated55 million peoplewere expected to travel, according to AAA. Then, between, Christmas and New Year’s Day, AAA estimates about120 million peoplewill travel, with many by air. Thus, unless those millions of people plan on flapping their arms to take flight, that’s great news for airline stocks.
Notably, even with sky-high inflation, theAmerican Society of Travel Advisors, about 75% of Americans plan to spend more on travel. In addition, “40% of respondentssay that nothing is going to stop them from taking a vacation. Travelers are also eager to check things off their bucket lists in the very near future, with 25% planning to take a dream vacation by March 2023. The pandemic remains a big driver for travel intent, as well, with 70% of Americans looking at travel as a reward for what they have gone through over the past two years.”
That being the case, investors may want to consider these top airline stocks to buy.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
[{"JBLU": "JETS", "JetBlue": "US Global Jets", "$7.98": "$18.61"}, {"JBLU": "CRUZ", "JetBlue": "Defiance Hotel, Airline, and Cruise ETF", "$7.98": "$17.31"}, {"JBLU": "LUV", "JetBlue": "Southwest Airlines", "$7.98": "$39.22"}, {"JBLU": "AAL", "JetBlue": "American Airlines", "$7.98": "$14.50"}, {"JBLU": "UAL", "JetBlue": "United Airlines", "$7.98": "$44.42"}, {"JBLU": "DAL", "JetBlue": "Delta Air Lines", "$7.98": "$35.10"}]
Source: frank_peters / Shutterstock.com
After being grounded by the pandemic,JetBlue Airways(NASDAQ:JBLU) is an airline stock that’s poised to take off. In fact, I think if the stock can break above double top resistance around $8.54, it could potentially refill its gap around $10 shortly after.
Helping,CEO Robin Hayes said, “We continue to see a very healthy revenue environment with no signs of slowing demand for air travel,” as noted in the company’s third-quarter earnings call. In addition, the company posted a third-quarter profit, its first on an adjusted basis. For the quarter, JBLU posted a profit of $57 million, or 18 cents a share as compared to $130 million, or 40 cents a share last year. Sales were up 30% to $2.56 billion. JBLU is also trading at less than half of sales (0.30-times), and at less than book value (0.74-times).
Source: Shutterstock
One of the best ways to trade any hot sector is with an exchange-traded fund (ETF). Not only do these tools allow you to diversify, but they also allow you to do so at a lower cost.
TheUS Global Jets ETF(NYSE:JETS), for example, currently trades at $18.72 and has an expense ratio of 0.60%. Some of its top holdings includeUnited Airlines(NASDAQ:UAL),Delta Air Lines(NYSE:DAL),American Airlines(NASDAQ:AAL),Alaska Air Group(NYSE:ALK),JetBlue,Boeing(NYSE:BA),Booking Holdings(NASDAQ:BKNG),Expedia Group(NASDAQ:EXPE),Trip.com(NASDAQ:TCOM), and dozens more. If I wanted to buy 100 shares of JETS, it would cost about $1,872. With this ETF, I gain exposure to dozens of airline-related stocks. Meanwhile, if I were to buy 100 shares of just Booking Holdings and nothing else, it would cost me just under $200,000.
Source: Shutterstock
Another interesting ETF to consider is theDefiance Hotel, Airline, and Cruise ETF(NYSE:CRUZ). At $17.31, with an expense ratio of 0.45%, the ETF offers exposure to companies that derive at least 50% of their revenue from airlines, hotels, resorts, or cruise lines.
Also,according to Defiance ETFs, “The pre-Covid travel and tourism industry constituted 10% of the world economy and contributed $8.9 trillion to world GDP. The pandemic has cost the sector an estimated $3.3 trillion; that’s a lot of suppressed demand and growth potential.”
Some of the ETFs top holdings include Delta Airlines,Southwest Airlines(NYSE:LUV), United Airlines,Ryanair Holdings(NASDAQ:RYAAY),Hilton Worldwide(NYSE:HLT),Marriott International(NASDAQ:MAR), andCarnival(NYSE:CCL) to name a few.
Source: Shutterstock
Southwest Airlines appears ready for takeoff, too. After bottoming out around $31, LUV stock is now up to $39.22. If it can break above its prior resistance around $41.64, I’d like to see it test $45 shortly after. Better, “While there’s noise regarding whether we are headed into a recession or not or whether we may even be in one now, we have not seen any noticeable impact on our booking and revenue trends,”CEO Bob Jordansaid on a quarterly call.
The company’s earnings haven’t been too shabby either. Adjusted earnings per share came in at 50 cents, as compared to expectations for 42 cents. Revenue came in at $6.22 billion, as compared to estimates of $6.21 billion. Southwest Airlines is also a top airline stock pick forMorgan Stanley(NYSE:MS), thanks to its strong franchise and management team, as well as its balance sheet and recovering leisure and corporate travel.
Source: GagliardiPhotography / Shutterstock.com
American Airlines is another top option for investors looking for airlines stocks to buy. After finding double bottom support around $12, the stock is now up to $14.50. From here, if it can break above resistance around $15.50, it could see $18.
Earnings have been just as solid with this airline operator, as the company posted earnings per share of 69 cents in its third quarter on sales of $13.5 billion. Analysts were only looking for 54 cents on sales of $13.4 billion. American Airlines CEO Robert Isom also sees strong demand.
As noted in itsearnings release, “The American Airlines team continues to deliver on our goals of running a reliable operation and returning to profitability. Demand remains strong, and it’s clear that customers in the U.S. and other parts of the world continue to value air travel and the ability to reconnect post-pandemic. American has the youngest, most fuel-efficient fleet among U.S. network carriers, and we are well-positioned for the future because of the incredible efforts of our team.”
Source: EQRoy / Shutterstock.com
United Airlines is another carrier worth paying attention to. After finding double-bottom support around $32, the stock is now consolidating around $44.42. From here, I’d like to see UAL stock again challenge $52.50 near-term. In recent months, CEO Scott Kirby called third-quarter earnings, “the best operational quarter in our history,” as quoted by Barron’s.
For the quarter, the company posted adjusted earnings of $927 million, and total operating income of $12.9 billion, which was up just over 13% from the third quarter of 2019. Revenue per available seat per mile was 25.5% higher. Better, the company is optimistic about delivering strong financial results in the fourth quarter, and in 2023.
Analysts at Cowen have an outperform rating on the stock with a price target of $75.Citi(NYSE:C) analysts also have a buy rating on the stock with a price target of $56. “The carrier’s third-quarter results and fourth-quarter guide looked very strong, with unit revenue coming in above expectations and unit costs well-controlled, even if the carrier did seem to get a little help from a lower-than-expected third-quarter tax rate,”said Citi, as quoted by Barron’s.
Source: Shutterstock
Delta Air Lines rounds out this list of top airline stocks to buy. After finding support of around $28, the DAL stock is now up to $35.10. From here, I’d like to see it closer to $38.
While the company missed third-quarter estimates, it did provide an upbeat forecast for the fourth quarter. The stock was also upgraded to an outperform rating by analysts at Cowen, with a price target of $54. “The mix of air traffic passengers is shifting with higher yielding business and international passengers making up a great share,” they said,as quoted by Barron’s. “The former is directly correlated with the return to the office, while the latter receives a boost from loosening of pandemic restrictions.”
On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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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.
|
21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86
|
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:**
["Photo: Booking.com Good evening, savvy property investors and interested home-buyers. Have you ever dreamed of a move to Hollywood, but were put off by a million-dollar pricetag? Well have I got the deal for you. For sale is this four-bedroom, three-bathroom family home, located just minutes from the North Hollywood shopping centre, surrounded by \x93an array of shops, dining and entertainment options\x94. The property has been \x93recently updated\x94, with vaulted ceilings and a \x93kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan\x94. Read more Cancelled D&D Beyond Subscriptions Forced Hasbro's Hand Let\x92s Talk About All the 40-Something Male Celebrities Dating Women in Their 20s Right Now Vinland Saga Season 2\x92s Farming Arc Is Planting Seeds For A Phenomenal Payoff I Have Questions for People Who Live in Skyscrapers Russia Wants to Trade 36 Hijacked Satellites for Soyuz Rocket Normally a house like that, in a location like this, would sell for well over one million dollars, but this is no normal house. This is the CRYPTO HOUSE, and for very obvious reasons, nobody wants to buy it. Photo: Booking.com Originally listed in October 2022 for $1.2 million , a complete lack of interest in the property has seen its asking price plummet to just $949,000 in just a matter of weeks. It\x92s not just buyers who are shunning the house, either; it\x92s listed on AirBnB as well, with a vacancy rate of...100% . Whenever you want the place, it\x92s available, because nobody wants to stay there in the short term either. Here is how agents describe the house on property site Zillow : Incredible opportunity for first-time home buyers, developers, and/or investors. A contemporary 4 bedroom 3 bath home featuring a bonus structure, pool, and spacious outdoor area, perfect for entertaining and relaxing. Situated on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to compliment the large windows and skylights throughout. The primary bedroom features vaulted ceilings while the kitchen flows seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be converted into an ADU for supplemental income. Ideal family home or income property for savvy investors, this property is primed for the right buyer. Conveniently located near the North Hollywood shopping center, with an array of shops, dining and entertainment options. Story continues What they\x92re not mentioning is the fact the house is packed with crypto and NFT stuff splashed across almost every wall, from Bored Ape wallpaper to a bedroom covered in the Doge face. There is even, right next to the kitchen, a huge neon sign that lights up to display the words \x93Crypto House\x94. Photo: Booking.com There is also a room with prints of tweets all over the walls, and another themed entirely around Bitcoin logos. Oh, and a fireplace that is...metallic purple? This video by devlytle does a great job of taking us room-by-room: tiktok-7187131994214501674 A quick look at the property\x92s sales history shows that it sold in 2016 for $520,000, then in September 2021\x97presumably to the current owners, who have been renting it out as a \x93content space\x94\x97for $960,000, which was weirdly way over the $885,000 asking price from just a month earlier. Photo: Zillow Absolutely not. More from Kotaku Where Have We Seen This Britney Spears Coverage Before? Did Robert Griffin III subtweet Michael Vick? Critics Choice Awards 2023: Here's a look at this year's red carpet arrivals Snowpiercer's Final Season Won't Air on TNT, Because Of Course Not Carvana Lays Off More Employees and Cuts Hours Even Though It's Definitely for Sure Not Going Out of Business Sign up for Kotaku's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", "Photo: Booking.com Good evening, savvy property investors and interested home-buyers. Have you ever dreamed of a move to Hollywood, but were put off by a million-dollar pricetag? Well have I got the deal for you. For sale is this four-bedroom, three-bathroom family home, located just minutes from the North Hollywood shopping centre, surrounded by \x93an array of shops, dining and entertainment options\x94. The property has been \x93recently updated\x94, with vaulted ceilings and a \x93kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan\x94. Read more Cancelled D&D Beyond Subscriptions Forced Hasbro's Hand Let\x92s Talk About All the 40-Something Male Celebrities Dating Women in Their 20s Right Now Vinland Saga Season 2\x92s Farming Arc Is Planting Seeds For A Phenomenal Payoff I Have Questions for People Who Live in Skyscrapers Russia Wants to Trade 36 Hijacked Satellites for Soyuz Rocket Normally a house like that, in a location like this, would sell for well over one million dollars, but this is no normal house. This is the CRYPTO HOUSE, and for very obvious reasons, nobody wants to buy it. Photo: Booking.com Originally listed in October 2022 for $1.2 million , a complete lack of interest in the property has seen its asking price plummet to just $949,000 in just a matter of weeks. It\x92s not just buyers who are shunning the house, either; it\x92s listed on AirBnB as well, with a vacancy rate of...100% . Whenever you want the place, it\x92s available, because nobody wants to stay there in the short term either. Here is how agents describe the house on property site Zillow : Incredible opportunity for first-time home buyers, developers, and/or investors. A contemporary 4 bedroom 3 bath home featuring a bonus structure, pool, and spacious outdoor area, perfect for entertaining and relaxing. Situated on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to compliment the large windows and skylights throughout. The primary bedroom features vaulted ceilings while the kitchen flows seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be converted into an ADU for supplemental income. Ideal family home or income property for savvy investors, this property is primed for the right buyer. Conveniently located near the North Hollywood shopping center, with an array of shops, dining and entertainment options. Story continues What they\x92re not mentioning is the fact the house is packed with crypto and NFT stuff splashed across almost every wall, from Bored Ape wallpaper to a bedroom covered in the Doge face. There is even, right next to the kitchen, a huge neon sign that lights up to display the words \x93Crypto House\x94. Photo: Booking.com There is also a room with prints of tweets all over the walls, and another themed entirely around Bitcoin logos. Oh, and a fireplace that is...metallic purple? This video by devlytle does a great job of taking us room-by-room: tiktok-7187131994214501674 A quick look at the property\x92s sales history shows that it sold in 2016 for $520,000, then in September 2021\x97presumably to the current owners, who have been renting it out as a \x93content space\x94\x97for $960,000, which was weirdly way over the $885,000 asking price from just a month earlier. Photo: Zillow Absolutely not. More from Kotaku Where Have We Seen This Britney Spears Coverage Before? Did Robert Griffin III subtweet Michael Vick? Critics Choice Awards 2023: Here's a look at this year's red carpet arrivals Snowpiercer's Final Season Won't Air on TNT, Because Of Course Not Carvana Lays Off More Employees and Cuts Hours Even Though It's Definitely for Sure Not Going Out of Business Sign up for Kotaku's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", 'Investors looking for cheap lithium stocks likely understand the immense growth potential the sector offers. The rapid growth in electric vehicles has spurred rapid growth in demand for lithium, a chemical element that is a key component in EV batteries. In short, there is no EV revolution without lithium. With demand significantly outpacing supply , lithium prices have soared over the past few years. Although it\x92s possible prices will contract this year, led by a slowdown in the Chinese market, analysts expect high demand will continue to support prices. \x93While some normalization of current high spot prices is possible, on the contract side, we believe that the market will remain tight in 2023, with insufficient supply coming on stream,\x94 Vulcan Energy Resources ( OTCMKTS: VULNF ) CEO and Managing Director Francis Wedin recently told S&P Global Commodity Insights . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Perhaps one of the best-known lithium plays is Albemarle (NYSE: ALB ). Shares of the specialty chemicals company rocketed 584% from a March 2020 low below $50 to an all-time high of $334.55 in November. However, shares currently sit 28% below that high. This decline comes amid a pullback in lithium prices from their all-time highs and concerns about how a faltering economy may impact EV sales, especially in China, the world\x92s largest EV market. Yet, for investors who are willing to play the long game, there are a number of cheap lithium stocks to consider. Just keep in mind that the names below carry a good deal of risk, especially those that fall into the penny-stock category. But for those who are not afraid to speculate, the names below could deliver explosive gains. LITM Snow Lake Resources $2.51 TELHF Tearlach Resources $1.80 GNENF Ganfeng Lithium Group $8.05 PILBF Pilbara Minerals $2.80 LAC Lithium Americas $20.70 MALRF Mineral Resources $60.00 NRVTF Noram Lithium $0.46 Cheap Lithium Stocks: Snow Lake Resources (LITM) Graphic of Lithium scientific symbol (Li) in the shape of a big white gear with construction equipment and mountain around
**Last 60 Days of Bitcoin's Closing Prices:**
[16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-16
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $403,126,218,150
- Hash Rate: 274688843.2470833
- Transaction Count: 302804.0
- Unique Addresses: 677371.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Recentbankruptcy filingsand Sam Bankman-Fried'scriminal indictmentmake it clear that fraud precipitated FTX's collapse. For many policymakers, the loopholes enabling such criminal acts haven't yet become clear. These loopholes permitted flawed – or in FTX’s case, criminal – intermediaries to stand between consumers and their assets. If the U.S. Congress is serious about preventing future catastrophes like FTX, protecting consumers’ inherent right to self-custody clearly mitigates third-party vulnerabilities.
Warren Davidson is the U.S. representative for Ohio's 8th congressional district.
Just what and who needs legal protection? While Satoshi Nakamoto’s 2008 Bitcoin white paper effectively launched this era of fintech innovation, the legal and regulatory framework today continues to reinforce the structure of our traditional financial system and the legacy flaws that come with it. Fraud is one of these legacy flaws. Fraud committed under the guise of "innovation" is still fraud. FTX exemplified this.
In short, Bankman-Fried found a way to convince customers and investors to allocate dollars to FTX's platform (or, rather, FTX's balance sheet) by promising to be a third-party intermediary to purchase digital assets on their behalf. Customers then maintained "balances" in their FTX accounts while Bankman-Fried put funds under the control of Alameda Research, the trading firm he founded in 2017. He established his own cryptocurrency, FTT, to use as collateral for any loans made from FTX to Alameda. He then leveraged his assets under Alameda's control at unprecedented levels.
While this overview spares many details, this is the same criminal approach that has been seen before in traditional finance. FTX customers who transferred their digital assets off FTX's platform and onto their own self-hosted wallets – devices that allow digital assets to be stored off the internet – protected themselves from FTX's fraud. This approach provides the only sound protection against any third-party intermediary’s failure.
Read more: Marta Belcher -Elizabeth Warren's New Financial Surveillance Bill Is a Disaster for Privacy and Civil Liberties
FTX leveraged the hype around distributed ledger technology but, ironically, FTX promoted the exact opposite framework that Satoshi proposed. Reading the first two sentences of the Bitcoin white paper highlights this irony: "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust-based model." FTX simply exploited the inherent flaws in the permissioned, third-party financial system Satoshi observed and sought to remedy.
Senator Elizabeth Warren (D-Mass.) recently introduced abillto build a concrete enclosure around these trust-based models while trapping consumers inside with no way out. Specifically, her bill requires the Treasury Secretary to promulgate a rule prohibiting financial institutions from transacting with self-hosted wallets. She mischaracterizes the FTX situation andclaimsshe's been "ringing the alarm bell in the Senate on the dangers of these digital asset loopholes."
Let's be clear – her open hostility towards financial freedom is a clear and present danger to consumers and will only reinforce the system fraudsters continue to exploit.
That's why I introduced theKeep Your Coins Actlast February. It was only a matter of time before someone in Washington, D.C., would try to compel the Treasury Department to interfere with consumers' inherent right to self-custody of their digital assets – to own and possess private property. In the wake of FTX's collapse, it should be evident that protecting self-custody is must-pass legislation.
In his testimony before the House Financial Services Committee, John J. Ray III, the current FTX CEO overseeing the bankruptcy process, discussed how all of FTX customers' digital assets were commingled. This model left customers with only a "claim" over their assets rather than actual possession.
We have a technology that allows consumers to avoid third-party vulnerabilities. It's imperative to embrace this opportunity to protect consumers. FTX was not about crypto; it was about a criminal exploiting a traditional third-party relationship by failing to do what he said he was doing – establishing a property right to digital assets on behalf of customers who deposited funds with his company. Self-custody has proved the only foil to his scheme, and Congress should protect it rather than undermine it with Senator Warren’s disingenuous assault on financial freedom....
- Reddit Posts (Sample): [['u/Zectro', 'English police are the worst in the world', 33, '2023-01-16 00:25', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/', 'About two years ago, some thieves broke into Craig\'s house, disabled 4 separate security systems he had in place, planted a wi-fi pineapple, and stole the private keys to billions of dollars worth of Bitcoin from Craig. Despite the apparent competence involved in getting the private keys from Craig in the first place, it\'s been two years and the stupid assholes still haven\'t bothered to move the stolen coins to an address they exclusively control: this is literally Bitcoin Thief 101, so we can safely conclude they\'re incompetent.\n\nCraig reported this event to the police many years ago, and despite the obvious incompetence of the thieves, and despite this event being the biggest heist in British history, there\'s been no progress in the case, no news coverage about the heist, no indication that the police have taken seriously the tremendous wrong that has been dealt to a British resident. \n\nIn fact, due to the ineffectiveness of the police, Craig\'s been forced into an insane Hail Mary lawsuit against a random hodgepodge of devs, retired devs, and Bitcoin influencers. Appropriately this case, dubbed the "Pineapple Suit" was laughed out of court, and Craig has since been stuck with his dick in his hands, just hoping against hope that an appeal conducted by the dipshit lawyers at ONTIER succeeds and he can lose this case at trial rather than pre-trial. \n\nThis case study in impotence has all been precipitated by the police\'s failure to act appropriately when a UK resident gets robbed of billions of dollars. Compare with similar cases in the US where the FBI was able to seize misbegotten private keys from criminals directly, e.g. the Bitfinex hack.', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/', '10cyf91', [['u/Psalamist', 13, '2023-01-16 00:58', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/j4imnvz/', 'I would add that when Craig realised his security was compromised (and remember, we\'re talking about one of the world\'s leading computer security experts here), rather than move the coins to new wallets before the thieves could, he destroyed his own copies of the private keys. \n\nWhy, you might reasonably ask, and to be honest I\'m not entirely clear on that myself. \n\nPerhaps, even with billions of "his own" money on the line, this profoundly principled man still refused to move the coins without a court order!', '10cyf91'], ['u/darkwingduckscousin', 12, '2023-01-16 01:34', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/j4irwsc/', "The security company, ADT, that the hacker also managed to break into and cause a power outage so there was no evidence of a crime, and who also tweeted that they weren't compromised in any way that day are of course lying. This is obviously a cover up against the most clever, brilliant mind in the fields of maths, astronomy, astrology, physics, philosophy, language (human, computer and extra terrestrial), physics, astrophysics, biology, astrobiology, chemistry, astrochemistry, interplanetary gravitational forces, sociology and history (modern, classic and intergalactic). World class chef known for his Michelin level boiled eggs too.\nPlease help him, he promises to donate it all to Rwanda. \n\nYou are literally worse than a paedophile if you don't believe him.", '10cyf91']]], ['u/anonymouscitizen2', 'Crypto hasn’t Even Had It’s Dot Com Bubble Moment', 23, '2023-01-16 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/', 'From 1995-2000 over 5 Trillion dollars was invested into internet/tech stocks, in what is now today known as the Dot Com Bubble. \n\nThere were multi billion dollar acquisitions of two year old companies by the most established companies on Wall St. Famously Time Warner and AOL had a 182 Billion dollar merger which was one of the greatest disasters when dial up was obsoleted two years later. Time Warner at the time was one of the best companies on Wall St at the time. \n\nRemember these are all 2000’s dollars, a dollar in 2000 is ~1.72$ today. Cryptos market cap peaked at 3 Trillion last bull run and crypto is global. \n\nCrypto may not ever have a full fledged dot com moment but it certainly has not happened yet. Companies are just starting to dip their toes into crypto, Bitcoin just turned 14 years old, Ethereum is 8 years old. \n\nThe technology is still incredibly new and it’s use cases/potential is still mostly unknown to most industries. Don’t let anyone convince you that it’s too late.', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/', '10czuh3', [['u/Harold838383', 14, '2023-01-16 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/j4irqwy/', 'New asset phases like the dot com bubble and the tulip mania phase normally take 16 years (since inception) before the bubble bursts. That would make the next bull the final bull run before the bubble truly bursts and only the strongest projects survive', '10czuh3']]], ['u/smokingumbrellas4', 'Kilos exchange is scamming now, be careful', 50, '2023-01-16 01:32', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/', 'There was a couple of posts 10 days ago but making another one today for more visibility. I just tried to exchange $40~ of BTC into monero. My electrum wallet says the transaction has enough confirmations, website says “swap finished”, balance in my featherwallet is still 0. Fuck Kilos.', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/', '10d013z', [['u/Slight-Winner-8597', 19, '2023-01-16 04:26', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/j4jfq6s/', "Best imo to just stay away until this shit cools down. \n\nYou don't want to attempt logging in to a honeypot. I've fucked all dnms off until it simmers down entirely", '10d013z'], ['u/Grand-Notice1854', 10, '2023-01-16 04:59', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/j4jk4ck/', "I mean, how long though? We were running smooth with silk, whm, dream, empire, etc.... now it's fucking crazy out there. I remember when I could enter dream (or empire idk it was a while back) just about everyday for maybe 2-3 months. No problems whatsoever, but I also understand that something this good never lasts that long. Generally, another type of network pops up when the end is near. And I honestly feel as though the end is near.", '10d013z']]], ['u/Hypno_Hamster', 'Will history repeat itself?', 14, '2023-01-16 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/', "**If you look at the BTC chart on the weekly:**\n\n* *December 2017 BTC peaked at $19700 and bear market ensued afterward*\n* *December 2018 bear market had mostly ended and a slow recovery began*\n* *June 2019 it had recovered to $13900 in a mini bull run.*\n* *After that mini bull, there was a crash and mini bear market until around October 2020*\n* *Followed by 2021 which most of us here experienced. 2021 peaked in November*\n\nSO... if history repeats itself we are currently in the start of the mini bull run which will culminate between Mar-May.\n\nPersonally I'm looking for a 2/3 recovery of the last peak, followed by another crash.\n\nObviously this is just speculation on whether the pattern repeats and nothing more. A lot of things are different this time so its impossible to know.", 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/', '10d01ri', [['u/lordcolorado', 10, '2023-01-16 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/j4isryn/', 'No one knows shit about fuck', '10d01ri'], ['u/Sithaun_Meefase', 27, '2023-01-16 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/j4ix3a1/', 'I’ve been through a few crypto winters. What I have noticed is the mini bull run before the actual bull run is BIG money coming in slowly, when it’s least expected. this helps them avoid as much slippage as possible. Then, they let the rest of the market kinda FOMO in for a few months after the market corrects instead from the mini bull run the real bull run starts. \n\nI have also been through the start of the 2017 bull run where it just kinda slapped everyone in the face…. So. Best advice you’ll get here is DCA. it’s the best way to be in the crypto market. These 25%-50% gains used to make me excited. But once you come out of a bear market we’re here for a few thousand percent run ups. That’s when we know we’re in the bull market.', '10d01ri']]], ['u/AwkwardDilemmas', "Things are looking up. PLUS... I'm expecting a big bump Monday morning when markets reopen. (some technical financial analysis inside).", 24, '2023-01-16 01:54', 'https://www.reddit.com/r/hut8/comments/10d0ifa/things_are_looking_up_plus_im_expecting_a_big/', "I've been crunching numbers.\n\nEveryone's worried and complaining about HUT 8's fixation on dilution to pay for day to day expenses. I think this is a sound plan, and not a problem. Especially with our shared expectation that BTC will, one day, get back up to ATH and beyond.\n\nIn short, it's all about holdings and value increases at a MUCH faster rate than dilution.\n\n\\[CAUTION: BTC may not get back to ATH, and we are trusting HUT8 to take their fiduciary responsibility seriously, and not overinflate the share count.\\]\n\n​\n\nThe key is how fast equity increases compared to outstanding shares. And in short, in the past six months, both BTC count (up by ...
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.
|
21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['When the pandemic first erupted in China, the government kept the nation under a tight zero-Covid policy, thus clouding the narrative for Chinese stocks to buy. However, late last year, Beijing said it would start reopening its economy, the world\x92s second largest. Then, at the start of last week, Reuters reported that a stream of travelers took advantage of the loosened restrictions. \x93After three years, mainland China opened sea and land crossings with Hong Kong and ended a requirement for incoming travelers to quarantine, dismantling a final pillar of a zero-COVID policy that had shielded China\x92s 1.4 billion people from the virus but also cut them off from the rest of the world,\x94 stated Reuters . Moving forward, the end of restrictive policies should bode well for Chinese stocks to buy. To be sure, many fundamental challenges remain. As well, many Chinese stocks to buy already soared under the buy-the-rumor, sell-the-news concept. Still, with consumers there being largely dormant for so long, the resultant boon in spending may sustain for a while. InvestorPlace - Stock Market News, Stock Advice & Trading Tips BABA Alibaba $117.01 YUMC Yum China $60.21 ZNH China Southern Airlines $35.75 ZTO ZTO Express $28.68 TAL TAL Education $8.64 SIMO Silicon Motion $65.30 ATHM Autohome $35.87 Alibaba (BABA) baba value stocks Source: BigTunaOnline / Shutterstock.com As the flagship corporation of China, Alibaba (NYSE: BABA ) deserves special consideration among Chinese stocks to buy. With the underlying economy finally reopening, consumers will likely enjoy greater income predictability. Because the government lifted a major variable, spending across all platforms \x96 including e-commerce \x96 may rise. Ultimately, this should bode well for BABA stock. Indeed, while BABA slipped 11% in the trailing year, on a year-to-date basis, shares stormed higher by more than 27%. Moreover, Wall Street analysts rate Alibaba as a unanimous strong buy . And that\x92s out of 16 analysts, not this two or three analysts business. Further, their average price target stands at $138.53, implying potential upside of more than 18%.\xa0On the financials, Alibaba enjoys a decently stable balance sheet. Its cash-to-debt ratio pings at 3 times, ranked better than over 79% of the competition. Objectively as well, BABA rates as undervalued, with the market pricing shares at 12.3-times forward earnings. In contrast, the sector median is 15 times. Story continues Yum China (YUMC) YUM stock: the yum logo on the side of a building Source: JHVEPhoto / Shutterstock.com Stressful events tend to spark emotional eating . And few events collectively imposed stress quite like Covid-19. Therefore, Yum China (NYSE: YUMC ) \x96 which features many popular fast-food brands \x96 should perform very well. To be honest, it\x92s an obvious idea among Chinese stocks to buy based on the underlying country\x92s reopening. In the trailing year, YUMC gained more than 29%. That\x92s simply a staggering figure when you consider 2022\x92s global context. Of course, most of these gains came late. In the trailing half-year period, shares swung higher by more than 31%. And in the young year so far, YUMC moved up nearly 7%.\xa0Primarily, hedge funds love Yum China, with TipRanks noting that sentiment among these institutional investors rate as very positive. Also, YUMC enjoys some decent underlying financial strengths. For instance, the company\x92s cash-to-debt ratio stands at 1.73 times, better than over 81% of its rivals. Also, it\x92s a very profitable business. China Southern Airlines (ZNH) a close-up shot of an airplane engine Source: frank_peters / Shutterstock.com One of the more intriguing ideas among Chinese stocks to buy is China Southern Airlines (NYSE: ZNH ). Per its public profile , China Southern represents one of the nation\x92s big three airliners. It\x92s also one of the largest in the world based on passengers carried. Of course, with China reopening, this potentially opens the floodgates for air travel.\xa0Apparently, market participants believe in the above thesis. In the trailing year, ZNH stock gained 15%, beating out many if not most U.S. carriers. Notably, shares gained almost 6% for the year. And in the trailing half-year period, ZNH gained over 22%, with traders anticipating the reopening announcement. To be fair, China Southern represents one of the riskiest names among Chinese stocks to buy based on objective financials. Currently, the company\x92s balance sheet is a mess. As well, long-term performance indicators for revenue and earnings ping deeply in red ink. Still, with investments like ZNH, prospective investors must extend some rope. Covid-19 hit the airliners cruelly hard. However, the bounce-back of the world\x92s second-largest economy should augur positively for China Southern. ZTO Express (ZTO) Concept of china stock market ticker, Chinese stocks up Source: pixfly / Shutterstock.com Headquartered in Shanghai, China, ZTO Express (NYSE: ZTO ) is one of the leading express delivery companies in China in terms of parcel volume, per its website . While the company carried packages during the zero-Covid-policy days, it could enjoy a significant rally with the restrictions gone.\xa0For instance, in the U.S., e-commerce as a percentage of total retail sales fell conspicuously after peaking in the second quarter of 2020. However, since Q1 of last year, this metric has been steadily rising. While China is obviously not the U.S., reduced restrictions may have a positive effect on consumer sentiment generally. Further, the market recently turned up for ZTO. While it lost 8% in the trailing year, shares gained 7.5% in the trailing month. As with Alibaba, ZTO features a unanimous strong buy consensus \x96 although with four analysts, to be fair.\xa0Finally, the company enjoys a strong balance sheet, particularly a cash-to-debt ratio of 1.45 times. This metric ranks better than over 74% of the industry. Thus, ZTO represents a worthy wager among Chinese stocks to buy. TAL Education (TAL) Image of a young girl raising her hand in front of a laptop. Source: MIA Studio / Shutterstock.com Although China\x92s reopening should augur well for Chinese stocks to buy tethered to commerce, it\x92s not the only sector that will likely enjoy benefits. Fundamentally, TAL Education (NYSE: TAL ) and its ilk should perform robustly throughout the new year. As an after-school education and tutoring, TAL already enjoyed significant relevancies. However, Covid-19 brought a new urgency to the academic arena. Back during the initial impact of the pandemic, Chinese authorities limited face-to-face teaching . However, if their experience is like ours, the sudden transition to remote learning protocols affected everyone, from teachers to parents to students. In other words, it\x92s very possible that China\x92s educational rigor took a hit. Fortunately, that\x92s where TAL can fill the opportunity gap. To be fair, TAL presents risks. Though it features a strong buy consensus view , analysts\x92 price target implies a share price drop of almost 34%. Still, TAL enjoys a solidly stable balance sheet. And based on its price-to-tangible-book ratio of 1.53, it\x92s undervalued . Thus, TAL could be one of the Chinese stocks to buy for speculators. Silicon Motion Technology (SIMO) Graphic of side view of virtual financial charts with tech aesthetic, symbolizing fintech Source: shutterstock.com/whiteMocca Silicon Motion Technology (NASDAQ: SIMO ) is an American-Taiwanese firm so it\x92s not \x93perfectly\x94 one of the Chinese stocks to buy. However, the NAND flash controller integrated circuits specialist does significant business with the China\x92s data center market via an acquisition. Fundamentally, then, with China\x92s reopening, it\x92s reasonable to expect greater tech activity, thus boosting SIMO stock. Now, on paper, SIMO represents one of the riskiest ideas. In the trailing year, shares fell 29%. Further, recent performances leave much to be desired. For example, for the year so far, SIMO gained just a bit under 2%.\xa0Nevertheless, if you give weight to analyst ratings, SIMO deserves a closer look. For one thing, Silicon Motion enjoys a strong buy consensus view . If that\x92s not enough, their average price target stands at a lofty $88.25, implying potential upside of 35%. Finally, Silicon Motion benefits from strong overall financials . To boot, the market prices SIMO at 10-times forward earnings, well below the sector median of 18.4 times. Autohome (ATHM) An angled side view of a row of parked cars. Source: lumen-digital / Shutterstock.com Based on broader fundamentals, Autohome (NYSE: ATHM ) might seem unusually risky. If you\x92re looking for a higher-probability wager among Chinese stocks to buy, you may want to consider the top names. According to its corporate profile , Autohome is the leading online destination for automobile consumers in China. However, with global recession fears dominating the news cycle last year, fewer people wish to buy a car. Still, the decision isn\x92t up to the consumer. Instead, it\x92s up to the vehicle. For instance, in the U.S., the average age of vehicles on roadways hit a record 12.2 years . Once cars break down, it\x92s many times best to replace them rather than repair money pits. Again, China isn\x92t the U.S., I get that. However, the same principle might apply, thus possibly making ATHM one of the Chinese stocks to buy. Further, analysts like Autohome, rating the underlying investment as a consensus moderate buy . As well, the company offers surprisingly strong financials. Most notably, Autohome features no debt, thus benefitting from flexibility during these difficult times. On the date of publication, Josh Enomoto 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 Publ
**Last 60 Days of Bitcoin's Closing Prices:**
[16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-17
**Financial & Commodity Data:**
- Gold Closing Price: $1907.20
- Crude Oil Closing Price: $80.18
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $410,247,642,625
- Hash Rate: 291506527.527517
- Transaction Count: 308715.0
- Unique Addresses: 680259.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Core Scientific, one of the largest publicly traded crypto mining firms in the U.S. listed on Nasdaq as $CORZ, filed for Chapter 11 bankruptcy protection in the state of Texas on Wednesday morning, according to CNBC. See related article: Will Bitcoins true value prevail in 2023? Fast facts Core Scientific is still generating positive cash flow, but it is insufficient to repay the financing debt for equipment leasing, an unnamed person familiar with the companys finances told CNBC . Instead of liquidating, the company will continue regular mining operations while trying to reach a deal with senior security noteholders, who hold most of the firms debt, according to the anonymous source. Core Scientific specializes in mining proof-of-work cryptocurrencies, mainly Bitcoin, which requires costly equipment and an abundant, consistent energy source. The company owns approximately 5% of Bitcoins global hash rate, according to data from Hashrate Index . Bitcoin, the worlds largest cryptocurrency, is currently down around 75% from its all-time high of US$69 in November 2021, trading at US$16,881 at 6:45 p.m. in Hong Kong. The loss in Bitcoins value and higher energy prices have narrowed profit margins of BTC miners worldwide. See related article: Bitcoin mining difficulty drops more than 7% as cash crunch hits miners 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.
|
20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73
|
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:**
["Photo Illustration by Luis G. Rendon/The Daily Beast/Getty In the summer of 2021, conservatives aggrieved over Big Tech censorship saw a new smartphone as their savior. Dubbed the “ Freedom Phone ,” the $500 device was the creation of Bitcoin mogul Erik Finman , who promised customers a phone loaded with conservative apps and free from liberal Silicon Valley influence. Conservative influencers encouraged their fans to buy the phone, receiving a sizable cut of each sale for themselves. Even after The Daily Beast and other media outlets revealed that the Freedom Phone was just a cheap Chinese-made phone sold at a hefty markup, it was a hit, quickly selling roughly $4 million worth, according to court records. “I’m holding a freaking phone that is not controlled by Apple or Google,” conservative personality Candace Owens said in an Instagram video. “We made the switch immediately.” Two years later, though, Freedom Phone’s business is falling apart amid customer complaints. In a bitter, previously unreported legal battle that began in April 2022, the men behind Freedom Phone’s backers have accused one another of blowing their windfall profits—in one case, in a $10,000 shopping spree for video games. Finman has even sued to keep his face and name from ever being associated with Freedom Phone in the future. True Crime Fans Livid Their Fave Podcast Hosts Are MAGA Loyalists In Freedom Phone’s first days, it seemed like Finman, the self-proclaimed “youngest Bitcoin millionaire,” might have the tech and marketing prowess to pull off the creation of an entirely new smartphone. His promotional video for the phone quickly went viral on the right in July 2021, with Finman promising a phone loaded with apps for conservative outlets like Newsmax and One America News. “Imagine if Mark Zuckerberg censored MLK or Abraham Lincoln,” Finman said in the promotional video. The video was a hit, but Freedom Phone’s promotional materials were curiously devoid of technical details. In reality, it was a rebranding of a Chinese phone that was available online for $120—substantially less than the Freedom Phone’s $500 price tag. Story continues Still, buoyed by endorsements from conservative influencers like Owens, former Donald Trump adviser Roger Stone, and Twitter pundit Ian Miles Cheong, Freedom Phone orders flooded in. Finman quickly sold at least 8,000 units, according to court records, raising somewhere between $3.5 and $4 million. But payment processors handling the orders refused to hand the money over to Finman, apparently concerned that the phone was a scam. With millions of dollars held in limbo and angry customers waiting for their phones, Finman cut a deal with ClearCellular, a Utah-based company that had made its own phone before. Finman sold the Freedom Phone branding and its parent company, Finman LLC, to ClearCellular. While the sales contract has been sealed in the ensuing court battle, it included a $300,000 one-time payment to Finman, an annual $240,000 salary for the Freedom Phone founder as its chief marketing officer, and a $75 payment for each phone sold, according to court filings. Finman and ClearCelullar founder Michael Proper had met a year earlier, at a presidential fundraiser for failed candidate and former child star Brock Pierce . In a September 2021 interview with The New York Times , Finman compared himself to basketball legend Michael Jordan and Proper to Nike founder Phil Knight. Together, Finman said, they would create a cultural and business phenomenon on the scale of Nike’s Air Jordans. But while Michael Jordan has earned more than $1 billion since launching Air Jordan with Nike, Finman’s partnership with Proper soon proved to be less successful. In March 2022, Finman resigned from his chief marketing officer position. A month later, he sued Proper and ClearCellular over a host of claims, including defamation and unpaid wages. “Mr. Proper’s conduct was anything but proper,” Finman’s lawyers wrote in their complaint. Proper and an attorney representing Finman declined to comment. Owens didn’t respond to an email seeking comment. Testifying in court in August 2022 about the initial deal, Proper said he thought he was rescuing Finman from his failure to actually deliver the phones. In his retelling, Finman was a great marketer, but stood little chance of fulfilling the thousands of outstanding orders on his own. “They had a lot of negative reviews about people calling Erik’s bluff,” Proper said in court. “This guy did not create a phone. This guy does not understand the industry.” What Comes Next for the ‘Diamond and Silk’ Media Empire? Proper later claimed he was also concerned that influencers like Owens would be embarrassed if Finman failed to ship enough working phones. “We wanted to help Candace Owens not get hurt,” Proper said in court. In his testimony, Proper complained that Finman failed to deliver on a supposed promise to introduce Proper to Owens. The relationship between Finman and Proper quickly soured. In Finman’s telling, ClearCellular blew through deadlines, promising to mail the phones by September 2021 but not shipping them until February 2022. Some of the Freedom Phones didn’t work when they arrived, Finman claimed, with customers calling them “paperweights.” Aggravating tensions between the two men, a notice appeared on another website operated by Proper encouraging angry Freedom Phone customers to launch a class-action consumer fraud lawsuit against Finman. The two also clashed over the millions of dollars left in Freedom Phone’s accounts. Finman claims that he had to dip into his own finances to pay Freedom Phone MAGA influencer endorsers, and to fund some of the orders himself. ClearCellular took months to take control of the money, according to Finman, in what he interpreted as an effort to avoid taking over the responsibility of fulfilling the orders. When $400,000 of the money was unfrozen, Finman alleged in a lawsuit, Proper blew $10,000 in a “shopping spree” at Costco buying video games and other electronics. For his part, Proper alleged in court papers that Finman took $500,000 from Freedom Phone’s accounts. Asked at one point to hand over the accounts, according to Proper, Finman instead responded only with a spreadsheet he had made himself to explain where the money had gone. Catch Up on FEVER DREAMS, a New Daily Beast Podcast Tracking the Right’s Push to Retake Power “Ultimately, as we helped him, he ran off with the money,” Proper said in his August 2022 testimony, wondering aloud why Finman wasn’t facing criminal charges. Along with Owens, the ongoing court battle has touched on other conservative figures, including former Trump White House Steve Bannon. After leaving ClearCellular, Finman claims Bannon hired him to work on a cryptocurrency project. During cross-examination in August 2022, Proper’s lawyer asked Finman if that new job with Bannon proved that Finman’s reputation hadn’t been destroyed. Finman shot back that working with Bannon, who was then awaiting sentencing for what would become a four-month prison sentence for contempt of Congress, didn’t prove that his career had survived Freedom Phone. “I feel like my reputation is not necessarily proven to be superb if that is a business partner,” Finman said, noting that Bannon is “awaiting sentencing to go to prison.” Much of the legal fight so far has focused on whether ClearCellular, operating as Freedom Phone, has the right to use Finman’s viral video promoting the phone. While a judge eventually ruled that Proper could use the video, the company took it down anyway, costing what Proper claims amounted to thousands of dollars in monthly sales generated by the video. In court, Finman reflected on how Freedom Phone’s collapse hurt its customers, who had each spent $500 on the idea that the supposed tech wunderkind could give them a phone for conservatives free from the Silicon Valley giants. Instead, Finman said, the Freedom Phone debacle “soils” his reputation. “A lot of these are elderly customers,” Finman testified in August. “I mean, it’s horrible. It’s heartbreaking.” Read more at The Daily Beast. Got a tip? Send it to The Daily Beast here Get the Daily Beast's biggest scoops and scandals delivered right to your inbox. Sign up now. Stay informed and gain unlimited access to the Daily Beast's unmatched reporting. Subscribe now.", "Photo Illustration by Luis G. Rendon/The Daily Beast/Getty In the summer of 2021, conservatives aggrieved over Big Tech censorship saw a new smartphone as their savior. Dubbed the “ Freedom Phone ,” the $500 device was the creation of Bitcoin mogul Erik Finman , who promised customers a phone loaded with conservative apps and free from liberal Silicon Valley influence. Conservative influencers encouraged their fans to buy the phone, receiving a sizable cut of each sale for themselves. Even after The Daily Beast and other media outlets revealed that the Freedom Phone was just a cheap Chinese-made phone sold at a hefty markup, it was a hit, quickly selling roughly $4 million worth, according to court records. “I’m holding a freaking phone that is not controlled by Apple or Google,” conservative personality Candace Owens said in an Instagram video. “We made the switch immediately.” Two years later, though, Freedom Phone’s business is falling apart amid customer complaints. In a bitter, previously unreported legal battle that began in April 2022, the men behind Freedom Phone’s backers have accused one another of blowing their windfall profits—in one case, in a $10,000 shopping spree for video games. Finman has even sued to keep his face and name from ever being associated with Freedom Phone in the future. True Crime Fans Livid Their Fave Podcast Hosts Are MAGA Loyalists In Freedom Phone’s first days, it seemed like Finman, the self-proclaimed “youngest Bitcoin millionaire,” might have the tech and marketing prowess to pull off the creation of an entirely new smartphone. His promotional
**Last 60 Days of Bitcoin's Closing Prices:**
[16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-18
**Financial & Commodity Data:**
- Gold Closing Price: $1904.40
- Crude Oil Closing Price: $79.48
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $408,587,760,900
- Hash Rate: 261608422.1400793
- Transaction Count: 300045.0
- Unique Addresses: 681758.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • Stripe Incslashed its internal valuation by 11%, the third time since June that the U.S. payments startup has reduced its view of itsshare price prospects.
• The latest cut reduced the share price to $24.71, implying a valuation of about $63 billion, Bloombergreported.
• Also Read:Bitcoin, Crypto Payments Now Enabled On Stripe In Boost To Web3 Companies: What You Should Know
• In October, Stripe reduced the price from $29 to $27.73.
• Stripe cut jobs to control costs ahead of any economic recession.
• In July, Stripe told staffers that an internal valuation for the company dropped to $74 billion, down from the $95 billion it bagged for its most recent fundraising.
• The internal price is used for new stock-based compensation and could drive expectations ahead of an IPO.
• In 2022, Stripe decided to offer customers access toBitcoinfour years after suspending support for the cryptocurrency, taking a cue from rivals likeBlock, Inc(NYSE:SQ) andPayPal Holdings Inc(NASDAQ:PYPL).
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- Reddit Posts (Sample): [['u/z0uNdz', 'Would you accept wages in BTC?', 39, '2023-01-18 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/', 'Your wages from your job would no longer be in USD but BTC. So if you were to make $100k/yr now — instead you get paid say 5 BTC/yr.\n\nThis is fixed though, similarly to how it was in USD. So if the price of BTC dropped down to $10k, essentially you will now only be making $50k/yr and taking a huge pay cut. You don’t get paid the equivalent converted to USD. \n\nOn the flip side if BTC rose to just $50k you now are making $250k/yr.\n\nSo if we run with 5 BTC annually and you are paid bi-weekly (twice a month) you would be getting 0.1923 btc per pay period. \n\nThis is not taking taxes into account as that would still need to be withheld.\n\nWould ya?', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/', '10ero4v', [['u/This_Red_Apple', 32, '2023-01-18 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4sn36e/', "I would if I didn't live paycheck to paycheck lol", '10ero4v'], ['u/HydrogenWhisky', 10, '2023-01-18 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4soryu/', 'Is the wider economy transacting in BTC? Can I go down to the servo and get petrol for 0.00009BTC per litre? Can I buy a couple of apples at Woolies for 0.00004BTC? Or do I have to convert to fiat first and buy everything in cash?\n\nIf the former, then there’s not much difference between getting paid $80k per year and 4BTC per year, so yes. If the latter, it’s essentially gambling with your weekly paycheque, and if I’m doing that then I want the flexibility of fiat so I can put it all on shitcoins.', '10ero4v'], ['u/Baecchus', 11, '2023-01-18 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4sxktt/', "You'd just live paycheck to paycheck with the added stress of worrying about price volatility lmao.", '10ero4v']]], ['u/SaltAd2986', 'hbar btc decoupling', 11, '2023-01-18 01:52', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/', 'Maybe arbitrary in response but - is there/will there be a way to tell when/if alt coins like hbar begin/are decoupled from btc in the future?\n\nWhat traits would we look for?', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/', '10et80v', [['u/hanginglimbs', 13, '2023-01-18 02:27', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/j4t10fy/', 'I looked, but all I see are lines, no shampoo', '10et80v']]], ['u/Asclepiusssss', 'Is this maybe a bit too much overkill?', 37, '2023-01-18 03:16', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/', '​\n\nhttps://preview.redd.it/btcsokg9opca1.png?width=831&format=png&auto=webp&v=enabled&s=aa8c658725c02451602e995e7164d6b37e170dd7', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/', '10ev5ik', [['u/Monarch357', 29, '2023-01-18 03:21', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4t8pih/', 'Probably. As far as we know, neither the Arxur nor the Federation have armored ground vehicles, so high-caliber armor piercing rounds in a handheld weapon are unnecessary, as guided missiles are likely more than enough for landing craft. The underbarrel grenade launcher is a similar case; although it *could* serve an anti-personnel role with incendiary ordnance, that would just make it into a barrel-mounted war crime stick.', '10ev5ik'], ['u/Asclepiusssss', 19, '2023-01-18 03:30', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4t9y2q/', "That's true. My rationale with this gun is that it was brought into UN service, made to negate the advantage sci-fi tech like personal shields and power armor. But there doesn't seem to be any confirmation that such things exist within fed. troops.... but never hurts to be prepared.", '10ev5ik'], ['u/flamedarkfire', 14, '2023-01-18 03:32', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4ta6bi/', 'No kill like overkill', '10ev5ik'], ['u/Leather-Pound-6375', 11, '2023-01-18 03:53', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4td84n/', 'From the all guardsman part: "we don\'t believe in such thing as overkill"', '10ev5ik']]], ['u/zamaron1', 'Lore In Chronological Order for New Lights and Veterans', 137, '2023-01-18 05:00', 'https://www.reddit.com/r/DestinyLore/comments/10exdud/lore_in_chronological_order_for_new_lights_and/', "Welcome, this is a lore project I spent a year putting together. Because I heard Bungie would vault much of Destiny 2's story, I made this to catalog it's major story beats for new players. It has links to playlists and documents tied to the story. It is structured so you can play the Campaigns and watch the videos intermixed with you're play. Thus it does not include campaign or Strike content you can already play in D1 or D2. It includes videos by many Destiny content creators as an unofficial community Collab, do not take the order I place things as canon or official, they're placement is merely structured in a way to make it easy for new players. I will keep updating this if I find new audio lore and with some of my own recordings of story events. My Youtube Channel (Guardian Of Light) is too small for me to monetize my videos, but I wouldn't even if I could as I do this as a resource for the community to use. So please enjoy, and be aware that if you go though this entire thing, it will take hours, hey it's not my fault Bungie added so much awesome story. Enjoy friends and share this as much as you can, I'd love for this to be a major tool of the community. :)\n\n​\n\n​\n\nComplete story to familiarize you with the basic lore.\n\n[https://www.youtube.com/watch?v=9mbDXvDNqTU]\n\nBooks of Sorrow (Hive Origin)\n\n[https://youtu.be/MC9jU0w3bkM](https://youtu.be/MC9jU0w3bkM)\n\nAres 1: Man's first contact with Traveler:\n\n[https://youtu.be/zTH060V6gos](https://youtu.be/zTH060V6gos)\n\nGolden Age and Collapse: (Best for veterans, heavy DLC spoilers and reveals. entries in other playlists.)\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuKoIaitXdbLimmWehQTMXRn](https://youtube.com/playlist?list=PL9_Vjw1rlOuKoIaitXdbLimmWehQTMXRn)\n\nMarasenna (Awoken Origin):\n\n[https://youtu.be/IlZNX-g7LG0](https://youtu.be/IlZNX-g7LG0)\n\nOrigin of Mithraax: (Veteran recommend)\n\nhttps://youtube.com/playlist?list=PLE-NG5KBXALGzbAF9UODS-cooq_fS8ouo\n\nHistory of The Awoken and Uldren's journey into the Black Garden:\n\n[https://youtu.be/ZPiOVMKDkj0](https://youtu.be/ZPiOVMKDkj0)\n\nOrigin of the Dreaming City:\n\n[https://youtu.be/pdkXO39ec04](https://youtu.be/pdkXO39ec04)\n\nLiar Lorebook (Fall of The Iron Lords):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIHuoA\\_6j\\_zqDrWyc9Y9FG-](https://youtube.com/playlist?list=PL9_Vjw1rlOuIHuoA_6j_zqDrWyc9Y9FG-)\n\n\nDrifter Origin:\n\n[https://youtube.com/playlist?list=PLE-NG5KBXALFCR14DdJQcDVYt2AqE49Oe](https://youtube.com/playlist?list=PLE-NG5KBXALFCR14DdJQcDVYt2AqE49Oe)\n\n​\n\nTale of Dredgen Yor:\n\n[https://youtu.be/UDUMXgiuYiU](https://youtu.be/UDUMXgiuYiU)\n\n​\n\nTale of Saint 14:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuLzHkeoMmnSJvXdfbyrG-B1](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuLzHkeoMmnSJvXdfbyrG-B1)\n\n​\n\nIron Lords Fall:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuI2dR734NWUr-UfdMx-xhqO](https://youtube.com/playlist?list=PL9_Vjw1rlOuI2dR734NWUr-UfdMx-xhqO)\n\n​\n\nOsiris is banished From the City:\n\n[https://comics.bungie.net/en/1/fall-of-osiris](https://comics.bungie.net/en/1/fall-of-osiris)\n\n[https://comics.bungie.net/en/2/fall-of-osiris](https://comics.bungie.net/en/2/fall-of-osiris)\n\n​\n\nOsiris and his Followers after being exiled:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuISkyEtn5T4LiSpIRP1\\_Hd-](https://youtube.com/playlist?list=PL9_Vjw1rlOuISkyEtn5T4LiSpIRP1_Hd-)\n\n​\n\nReef Wars: During the Battle of Twilight Gap.\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKeyWzmjXn0kSGbrzCVidVH](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKeyWzmjXn0kSGbrzCVidVH)\n\n​\n\nBattle of Twilight Gap\n\n[https://youtu.be/i4p7HZmqTR8](https://youtu.be/i4p7HZmqTR8)\n\n​\n\nThe Great Disaster and Eris's Fireteam:\n\n[https://www.youtube.com/watch?v=WuMTMWnR5Bg](https://www.youtube.com/watch?v=WuMTMWnR5Bg)\n\n​\n\nD1 Guardian Handbook\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKueLKwAuBJhDf\\_clOicXMd](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKueLKwAuBJhDf_clOicXMd)\n\n​\n\nD1 Vendor Dialogue (WIP):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIzotSM6CMZVfDBFkrRm1PL](https://youtube.com/playlist?list=PL9_Vjw1rlOuIzotSM6CMZVfDBFkrRm1PL)\n\n​\n\nD1 full Grimoire if you want to read it.\n\n[https://www.destinypedia.com/Grimoire](https://www.destinypedia.com/Grimoire)\n\nFor extra fun alongside Campaign, read mission Grimoire cards after each mission:\n\n[https://www.destinypedia.com/Grimoire:Activities](https://www.destinypedia.com/Grimoire:Activities)\n\n​\n\nInter mission dialogue for D1 players replaying:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKA9OLRh62aHy2eRWZUwkYY](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKA9OLRh62aHy2eRWZUwkYY)\n\n​\n\nOrder for D1 (Origin of the Player)\n\n[https://www.reddit.com/r/DestinyTheGame/comments/54jxtl/every\\_destiny\\_mission\\_in\\_order\\_of\\_occurrence/](https://www.reddit.com/r/DestinyTheGame/comments/54jxtl/every_destiny_mission_in_o...
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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21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. More recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year. New York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website. (Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday.\nThe crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players.\n"My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement.\nThe development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year.\nMore recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year.\nNew York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies.\nThe company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.\n(Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday.\nThe crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players.\n"My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement.\nThe development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year.\nMore recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year.\nNew York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies.\nThe company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.\n(Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. More recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year. New York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website. (Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether spend their Wednesday in the red.\nInsights:Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM).\nCoinDesk Market Index (CMI)\n1,004.63\n−4.3▼0.4%\nBitcoin (BTC)\n$20,868\n−64.2▼0.3%\nEthereum (ETH)\n$1,554\n+5.7▲0.4%\nS&P 500 daily close\n3,999.09\n+15.9▲0.4%\nGold\n$1,920\n+1.9▲0.1%\nTreasury Yield 10 Years\n3.51%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nThe Market Goes to the Doges\nBy Sam Reynolds\nBitcoin and ether are beginning the business day in Asia well into the red.\nThe world’s largest digital asset is down 2% on-day, while ether is down 3.2%.\nLayer-1 Solana, which began the year with asharp rallythanks to the success of Shiba Inu-themed Bonk,is down nearly 8.5% on-day.\nThere’s been some debate as to the driver of the rally. While the market is in a meme coin mood,there is a deeper debate about the brewing storm in Washingtonand what it means for risk assets like crypto.\n"In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,” Jonah Van Bourg, Global Head of Trading at Cumberland, told CoinDesk in a note. “Any risk of US debt default is indeed a form of US Dollar debasement and/or policy error, and the increased demand we\'re seeing (expressed in higher crypto prices) is this use case bearing itself out.”\nGiles Coghlan, Chief Market Analyst at HYCM, told CoinDesk that the correlation between crypto and tech stocks continues, and that’s the factor to watch going forward.\n“Tech stocks have rallied on the assumption that U.S. inflation is retreating and that short-term interest rate market predictions of two Federal Reserve rate cuts this year are correct. We can see a similar recovery in the crypto markets,” he told CoinDesk, dismissing any connection between the debt ceiling debate and the crypto rally. “Ultimately, the crypto rally should continue as long as tech stocks stage their recovery. However, as all eyes turn to earnings season, things could change quickly.”\nStill, blockchain analytics firmSantiment wrote in a notethat rallies of DOGE and other dog-themed meme coins are a contrarian indicator of the market’s health. When these prices skyrocket it means the market has gotten too hot and hedonistic.\n"Every time that [the] price of DOGE starts rising rapidly, there\'s a market-wide crash following just moments later," the firm wrote.\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221211.0%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22129.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platform"}]\nWhere Are FTX\'s Illiquid Holdings?\nBy Sam Reynolds\nA court filing has revealed some ofFTX’s largest liquid holdings, which are largely to be expected: solana, bitcoin, ether, aptos and dogecoin. These are widely held tokens that, for the most part, would be found on the balance sheet of any major exchange.\nBut what about the illiquid holdings? These aren’t exactly household names, but were tokens in the Sam Bankman-Fried-Alameda universe that failed to launch. A good portion of them can be found on the balance sheet of funds including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors.\nTake, for instance, Serum. InApril 2021, when Bankman-Fried and FTX were peaking, people couldn’t get enough of the Solana-based decentralized exchange (DEX), and the SRM tokentouched a record high of$13.74 during the bull market that extended into late 2021.\nNow, the SRM token lacks liquidity asBinance delistedsome of its most liquid trading pairs (it still allows BUSD-SRM trading) and the +2% depth on the remaining exchanges tops at just over $100,000. Because of this, any sizable position of SRM being unloaded couldn’t be absorbed by the market.\nThere’s also Oxygen, FIDA and JET, all of which are other pieces of the Solana trading infrastructure equation.\nAnd all three have the same problem: no liquidity. Oxygen hasless than $200,000 of trading volumeand +2% bid depths of less than $1000. JET hasdepth in the hundreds of dollarsand no listings on any major DEX or centralized exchange.\nAs CoinDesk reported previously, some of these tokens are locked up at FTX.Maps.meand Oxygenhave over 90% of their supply locked up at FTX.\nThere is one other place you can find these tokens: on the balance sheets of venture capital firms in which FTX has invested.\n
**Last 60 Days of Bitcoin's Closing Prices:**
[16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-19
**Financial & Commodity Data:**
- Gold Closing Price: $1922.10
- Crude Oil Closing Price: $80.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $401,513,990,250
- Hash Rate: 270951580.07365364
- Transaction Count: 298919.0
- Unique Addresses: 684950.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Binance, the worlds largest crypto exchange by trading volume, endured a wave of withdrawals on Monday amid concerns about its proof of reserve report. Net outflows, the difference between the value of assets arriving and leaving the exchange, hit $902 million in the past 24 hours, according to data by blockchain intelligence platform Nansen . Binances net outflow has surpassed those of all other centralized exchanges in the last 24 hours, and is almost nine times larger than the second largest outflow. Binance endured the largest daily outflow among centralized crypto exchanges. (Nansen) The outflow was the highest for Binance since Nov. 13, two days after FTX filed for bankruptcy protection , according to data provided by blockchain data platform Arkham Intelligence. However, the outflow doesnt seem notably anomalous, an Arkham analyst wrote in a Telegram chat, given that there are ostensibly $64 billions of assets on Binance. Withdrawals rose following a string of concerning news reports about Binance, and as investors have become increasingly cautious about their funds on centralized exchange. The swift collapse of rival exchange FTX, piled on other industry debacles, has prompted other exchanges to prove that they are safeguarding customers assets. Criminal charges against Binance? Binance released a report by auditing firm Mazars last week claiming that its bitcoin ( BTC ) reserves are overcollateralized. Industry experts and recent reports flayed the document for its narrow scope, and on Monday, Reuters reported that U.S. prosecutors are mulling criminal charges for possible money laundering against Binance and its executives, including CEO Changpeng Zhao. Binance didnt reply to a request for comment. Zhao urged his followers on Twitter to ignore the FUD crypto slang for spreading fear, uncertainty and doubt in a tweet . Read more: Binance Suspends Account of Customer for Being Unreasonable Blockchain data shows that large crypto market makers Jump Trading and Wintermute were among those moving sizable funds from Binance in the past seven days. Story continues Jump Trading appears to be the largest entity withdrawing from Binance, Nansen analyst Andrew Thurman wrote in a tweet . Net withdrawals from the exchange by crypto wallets associated with Jump reached $146 million of digital assets through the past seven days, data compiled by Nansen shows. Jump has net outflows from Binance in excess of $146 million on the week, and no inflows If Binance books look like they're completely drained of all liquidity, the exit of possibly the largest MM is probably a good reason why Source: https://t.co/aasol67vsX https://t.co/GbeXfXqwce pic.twitter.com/yLYXgBEsSW Andrew T (@Blockanalia) December 12, 2022 Jumps net withdrawals include $102 million in Binance USD ( BUSD ), the exchanges stablecoin issued by Paxos; $14 million of Tethers USDT ; and $10 million of ether ( ETH ). Jump redeemed some $30 million of Binance USD ( BUSD ) from Paxos a few hours ago, per blockchain data from Arkham. One of Jump Tradings crypto wallet transferred a total of $30 million of BUSD to the issuer Paxos in three separate transactions. (Arkham Intelligence) Wintermute, another significant crypto market maker, withdrew $8.5 million of wrapped bitcoin (wBTC) and $5.5 million of Circles USDC stablecoin. At the time of publication, Jump Trading and Wintermute had not responded to CoinDesk requests for comment. Wintermute acknowledged in a tweet on Nov. 9 that some funds remained on Sam Bankman-Frieds crypto exchange FTX, which imploded last month in spectacular fashion. Jump Trading tweeted on Nov 12. that the firm remained well-capitalized, but didnt specify losses or capital exposure to FTX....
- 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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22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57
|
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:**
['TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of January 2023 for its open-end exchange traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is January 26, 2023, with the exception of Purpose Bitcoin Yield ETF, Purpose Ether Yield ETF, Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of January 27, 2023. The ex-distribution date for all closed-end funds is January 30, 2023.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "TickerSymbol": "PDF", "Distributionpershare/unit": "$0.10501", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "TickerSymbol": "PDIV", "Distributionpershare/unit": "$0.06901", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "TickerSymbol": "PBD", "Distributionpershare/unit": "$0.05201", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "TickerSymbol": "PHR", "Distributionpershare/unit": "$0.07201", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "TickerSymbol": "PIN", "Distributionpershare/unit": "$0.08301", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PYF", "Distributionpershare/unit": "$0.08301", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "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": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "TickerSymbol": "PYF.B", "Distributionpershare/unit": "$0.08851", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "TickerSymbol": "BNC", "Distributionpershare/unit": "$0.10251", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "TickerSymbol": "PRP", "Distributionpershare/unit": "$0.05401", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PAYF", "Distributionpershare/unit": "$0.11811", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PID", "Distributionpershare/unit": "$0.0780", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PUD", "Distributionpershare/unit": "$0.0650", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "PUD.B", "Distributionpershare/unit": "$0.0760", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "TickerSymbol": "BND", "Distributionpershare/unit": "$0.0665", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings Fund \\u2013 ETF Units", "TickerSymbol": "PSA", "Distributionpershare/unit": "$0.1710", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "TickerSymbol": "PSU.U", "Distributionpershare/unit": "US$ 0.3358", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "TickerSymbol": "SYLD", "Distributionpershare/unit": "$0.0970", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "TickerSymbol": "PINC", "Distributionpershare/unit": "$0.0840", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "TickerSymbol": "IGB", "Distributionpershare/unit": "$0.06781", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPS", "Distributionpershare/unit": "$0.0950", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "TickerSymbol": "RDE", "Distributionpershare/unit": "$0.08001", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPU", "Distributionpershare/unit": "$0.0940", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "TickerSymbol": "RPU.B / RPU.U", "Distributionpershare/unit": "$0.0940", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "TickerSymbol": "REM", "Distributionpershare/unit": "$0.0950", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "TickerSymbol": "FLX", "Distributionpershare/unit": "$0.0297", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "TickerSymbol": "FLX.U", "Distributionpershare/unit": "US$ 0.0375", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "FLX.B", "Distributionpershare/unit": "$0.0365", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "TickerSymbol": "BDEQ", "Distributionpershare/unit": "$0.0112", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "BDOP", "Distributionpershare/unit": "$0.0075", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "CROP", "Distributionpershare/unit": "$0.0875", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF USD Units", "TickerSymbol": "CROP.U", "Distributionpershare/unit": "$0.0975", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "TickerSymbol": "BTCY", "Distributionpershare/unit": "$0.0210", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "BTCY.B", "Distributionpershare/unit": "$0.0235", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "BTCY.U", "Distributionpershare/unit": "US$ 0.0280", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "TickerSymbol": "ETHY", "Distributionpershare/unit": "$0.0210", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "ETHY.B", "Distributionpershare/unit": "$0.0250", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "ETHY.U", "Distributionpershare/unit": "US$ 0.0275", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Healthcare Innovation Yield ETF \\u2013 ETF Units", "TickerSymbol": "HEAL", "Distributionpershare/unit": "$0.1330", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Alphabet (GOOGL) Yield Shares Purpose ETF", "TickerSymbol": "YGOG", "Distributionpershare/unit": "$0.1833", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Amazon (AMZN
**Last 60 Days of Bitcoin's Closing Prices:**
[15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-20
**Financial & Commodity Data:**
- Gold Closing Price: $1926.40
- Crude Oil Closing Price: $81.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $406,789,845,119
- Hash Rate: 246659369.44636056
- Transaction Count: 295822.0
- Unique Addresses: 702080.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Mark Cuban. Chip Somodevilla/Getty Images Shark Tank investor Mark Cuban will be deposed for his promotion of the now-defunct crypto lender Voyager. Cuban had promoted the company as being "as close to risk-free as you're gonna get." A class action lawsuit aims to hold Cuban and Voyager's CEO responsible for billions in lost customer funds. Shark Tank investor Mark Cuban will be deposed next month in connection to his promotion of Voyager, the crypto lender described as a "Ponzi scheme" in a class action lawsuit. The lawsuit , which was originally filed in August, aims to hold Cuban and Voyager CEO Steve Ehrlich responsible for over $5 billion in lost customer funds. Cuban requested to split his deposition in court over two hearings, though that request was denied yesterday , according to court documents, with orders for Cuban to deliver his testimony in one session on February 2. Voyager investors have claimed that Cuban and Ehrlich roped in naive customers to the platform, as Cuban, an avid cryptocurrency investor , touted the crypto exchange on numerous occasions to his followers. Cuban previously stated that he was a customer of Voyager himself, and claimed it was "as close to risk-free as you're gonna get in the crypto universe." Cuban's basketball team, the Dallas Mavericks, also entered a five-year partnership with the now-bankrupt crypto exchange. At one point, the the team ran a promotion wherein Mavericks fans would receive $100 worth of Bitcoin if they deposited $100 into Voyager. "The Deceptive Voyager Platform … was an unregulated and unsustainable fraud, similar to other Ponzi schemes," the class action complaint reads. "Defendants Mark Cuban and Stephen Ehrlich were key players who personally reached out to investors, individually and through the Dallas Mavericks, to induce them to invest in the Deceptive Voyager Platform." Voyager declared bankruptcy last summer and was part of a chain of bankruptcies among crypto firms stemming from the collapse of Terra-Luna, which sparked a massive sell-off in digital assets. The firm is going through Chapter 11 bankruptcy proceedings. Binance.US has made a $1 billion bid to buy the assets of the defunct firm, though the deal is being scrutinized by the Securities and Exchange Commission, which raised a limited objection to the transaction. Read the original article on Business Insider...
- 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.
|
22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["(Removes extraneous word in para 3) Jan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\nJan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\nJan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3) (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (This story has been refiled to remove the extraneous word in paragraph three) (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3) (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (This story has been refiled to remove the extraneous word in paragraph three) (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", 'Consider yourself lucky if you\'ve never had to sacrifice your comfort to make ends meet. For most of us, we know all too well that desperate times call for desperate measures. I was reminded of this when u/peachyqueen45 asked folks , "What’s the most desperate thing you’ve ever done for money?" And honestly, I wasn\'t prepared: 1. "I participated in a food study where I couldn’t eat for a day before, arrived at the lab very early in the morning, had a tube put down my throat, and lay there for six hours as they pumped liquids into and out of my stomach. After the first two hours, I begged them to at least turn on the TV, but they would only let me watch PBS so I couldn’t accidentally see any commercials about food. It wasn’t fun, but the pay was decent, and they served me a steak dinner afterward." "This was almost 40 years ago. Honestly, I don\'t think I even asked what the study was. I think they paid $120, which is about $370 today." — u/glorious_cheese Searchlight Pictures 2. "I made $50 when I was randomly approached in a bar to be on a foot fetish site. There was no nudity or actual sex involved. Just a lot of pictures of women\'s feet on my face, chest, and so on. It was way more uncomfortable than it should have been." — u/Fubai97b 3. "I signed up for a three-week drug study in 1991. We took a dose of some antibiotic every day and had blood drawn throughout the day, every day. The pay was $2000, which is valued at over $4,300 today. But being in the drug testing facility for three weeks was...interesting." — u/teneggomelet 4. "I used to pose naked for art classes while I was an undergrad. The pay was pretty good, about five times the minimum wage. One grad student who was a good artist and kind of odd asked if I would do a private session of a few hours. I agreed, since I was desperate for money — I figured I had just been hired for sex. I was a bit conflicted, but then just figured, \'Why not?\' I showed up cleaned, prepped, and dressed to look good. It turned out that the artist really did want me to pose. They were polite the whole time, though very specific on poses. It was actually a bit challenging. They were so intense, and the talent and effort was kind of a turn-on. By the end, I was half-hoping it would turn into sex. We went over the time, but the artist was grateful and paid extra. I learned then I would be willing to have sex for money in some situations." ilana glazer poses nude for an art class in "broad city" Comedy Central / Via giphy.com Story continues — u/Puzzleheaded_Big3319 5. "I drew a furry NSFW artwork of an original character. I\'m not even a furry artist, but I got $120 for drawing a blue double-shark dick in one afternoon, so whatever. I was able to afford Christmas presents for my family after that." "I am not even involved in that market. Someone just messaged me on reddit, and that was a one-time thing." — u/Twighdark 6. "I participated in some market research for a new beer. Getting paid $150 to drink beer for an hour sounded great at the time. It was a bunch of different beers in small plastic cups, all of which started out tasting like the strained liquid from the devil’s underpants. It progressively got worse. They kept bringing more out until one guy finally cracked, swiped all his beers off the table, and stormed out yelling, ‘I wouldn’t even give this crap to my dog!’" mayaa rudolph spills her drink from her mouth in "saturday night live" NBC / Via giphy.com "Everyone was so excited at the beginning, and by the end, it was the polar opposite. All the participants immediately snatched their cash from the facilitator, stomped out, and angrily swore about how awful the beer was all the way out of the building and down the street. I still don’t know if it was market research or some bizarre psychological experiment." — u/Rumpleshite 7. "I participated in a sleep study where they had us wired up to electrodes to monitor our responses at periodic intervals across three days without sleep. It was brutal. I learned I cannot go without sleep for two days in a row." — u/Barbarella_ella Netflix 8. "I once put grapes up my butt, plopped them out into a mason jar, canned them, and then overnight shipped it to the stranger that requested them from me through direct message. I got $3,000." — u/sammisamantha 9. "I was newly broke and had a date in a few hours. She wanted to go to Red Lobster. I went through my car, parents’ cars, sisters’ cars, couches, really everywhere looking for coins. I had a partially used gift card for somewhere as well. I took it all to the grocery store, cashed in the change, and sold the gift card for practically nothing. I had just enough to cover myself. If she expected me to get the bill, I was finished. I’d have to own up to having like $31.25 to my name. Luckily, she didn’t. We split the bill. And now we’re married." emma stone in "easy a" reacting positively to a lobster dish Sony Pictures / Via giphy.com — u/Zezu 10. "Once when I was unemployed, I bought a bunch of king-size candy at Costco, and went door to door selling it saying it was a fundraiser for a church youth group. I made a good profit, and was able to pay rent that month." — u/brock_lee "A friend of mine used to buy water bottles in bulk and then sell them at anime conventions to cover his entry." — u/limasxgoesto0 11. "As a kid, I did these dumb
**Last 60 Days of Bitcoin's Closing Prices:**
[16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-21
**Financial & Commodity Data:**
- Gold Closing Price: $1926.40
- Crude Oil Closing Price: $81.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $434,590,585,812
- Hash Rate: 257871158.96664968
- Transaction Count: 287860.0
- Unique Addresses: 676478.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Stablecoin provider Circle is no longer set to list publicly, in a decision that has been approved by the directors of both Circle and Concord Acquisition Corp. Circle had been eyeing an entry into the stock market via a merger with Concord Acquisition Corp, a New York Stock Exchange (NYSE) listed special purpose acquisition company (SPAC) backed by former Barclays CEO Bob Diamond. The merger could not be consummated before the expiration of the transaction agreement as the SEC has yet to declare the S4 registration statement effective, a Circle representative told Decrypt via email. Third Times a Charm? Bitcoin Miner Bitdeer Delays $4B SPAC Deal Again A SPAC, otherwise known as a blank check company, is a company with no business operations formed to raise capital via an Initial Public Offering or merging with another firm. The firm had been anticipating a 2022 date for the listing, with its chief financial officer Jeremy Fox-Geen telling Decrypt he expected the process to be completed at some point in the fourth quarter of this year in an interview in July of this year. The agreement between the two companies would have valued Circle at $9 billion , an increase from the $4.5 billion which was originally announced in July 2021. Circle is primarily known as the company behind stablecoin USDC , currently one of the largest cryptocurrencies and the second largest stablecoin by market capitalization exceeding $43 billion as per CoinGecko. Circle continues to be a profitable firm, posting total revenue, inclusive of interest on its reserves of $274 million and net income of $43 million in the third quarter of 2022, according to its CEO Jeremy Allaire. The company also claims to have $400 million in unrestricted cash supplies. Allaire said that the move to terminate the agreement was disappointing but that Circle is still set on becoming a public company. As for when, though, there are no clear answers. We are not prepared to put a specific deadline on the decision, but we will be taking steps to continue our journey to go public as soon as practicable, the spokesperson told Decrypt ....
- Reddit Posts (Sample): [['u/GabeSter', 'The curious case against Polkadot: The price is down roughly 23% over two years yet the marketcap is the same thanks to DOT inflation.', 199, '2023-01-21 00:09', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/', '# What you should know:\n\nIn case you didn\'t know Polkadot has high inflation. On Dec. 31st 2020 Polkadot had \\~895K in circulating supply, as of Jan. 20th 2023 Dot has a circulating supply of \\~1,159K an increase of \\~23% over two years or roughly 11% a year. Now to the benefit of DOT holders inflation can be beaten by staking Polkadot with staking rewards currently about 15% annually. Meaning you can get more DOT than the annual inflation rate by staking your DOT.\n\n# The curious case against Polkadot.\n\nTo understand what this inflation means for Polkadot we have to take a really basic look at price and marketcap.\n\nOn Dec. 31st 2020, Polkadot had a marketcap of $7.28B, a price of $8.13 and a marketcap rank of 6.\n\n[https:\\/\\/web.archive.org\\/web\\/20201231174731\\/https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/zspi21301ada1.png?width=1009&format=png&auto=webp&v=enabled&s=2e98955a520e1e1ef5e7f0763e07fafba91302af)\n\nToday Jan. 20th 2023, Polkadot has a marketcap of 7.18B, a price of $6.20 and a marketcap rank of 12.\n\n[https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/v1i93anf1ada1.png?width=1081&format=png&auto=webp&v=enabled&s=9a861fc2a48c31fda01e4fd3cccf56b74ec6b05d)\n\nWhat this means is thanks to inflation the price has dropped roughly 23% in about two years and the marketcap has stayed constant. Dot has high sustained inflation, yes you can still "beat it" via staking but the pressure still exists and anyone investing in DOT should know about this, as the price is not guaranteed to move relative to inflation.\n\n# Conclusion\n\nDue to that high rate of inflation you can deduce a few considerations\n\n* Dot is not a crypto you want to hold if you aren\'t staking it.\n* Holding it long term in a bear market will likely cause you to see higher than average losses (compared to other crypto assets) thanks to the inflation rate creating sustained selling pressure.\n* In an environment where inflation is so high, DOT maintains it\'s total marketcap at the expense of it\'s price.\n* A large number of DOT holders **are not staking** or the rewards could not be \\~1.4X the inflation rate.\n\nLast Important Note: "Beating Inflation" does not guarantee you\'ll profit as that depends separately on price movement. It just means you will get more **total Dot** relative to the **total supply increase**.\n\nFor those curious about what "crypto" looked like on 12/31/2020 this is for you. BTC was about $28K and ETH was about $740.\n\n[https:\\/\\/web.archive.org\\/web\\/20201231174731\\/https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/iqw4hujm4ada1.png?width=1018&format=png&auto=webp&v=enabled&s=371fe6e2a3903646bacae4a14b09748cf115827e)', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/', '10hbyya', [['u/Slainte042', 19, '2023-01-21 00:13', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57jty0/', "One of the reasons i'm still around here are quality posts like this one. Thank you.", '10hbyya'], ['u/MaeronTargaryen', 41, '2023-01-21 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57la61/', 'I’ll never understand why people who hold a high inflation coin wouldn’t stake it on its native wallet.', '10hbyya'], ['u/Odlavso', 24, '2023-01-21 00:28', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57m094/', "I don't know much about DOT but from what I've read it's a bit tricky to stake and has a minimum amount required. I believe they are trying to change this or maybe it was just changed but it might be one of the reasons.", '10hbyya'], ['u/MaeronTargaryen', 12, '2023-01-21 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57mcbm/', 'I’ve heard that too, I have to admit my only high inflation coin is ATOM and staking is the easiest thing ever. But that’s why you DYOR, if you want to buy DOT but won’t have enough to stake it, or you don’t understand how, maybe it’s not the right investment for you', '10hbyya'], ['u/JERMYNC', 23, '2023-01-21 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57myw6/', "What OP didn't mention is that DOT is up 35% for the month. \n\nMy DOT is staked, and I'm seeing great returns as the market moves up. \n\nDOT is now in the Top 10 Market Cap. It's a must hold IMO", '10hbyya'], ['u/Soil_Electronic', 18, '2023-01-21 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57nmdu/', 'Last year Polkadot introduced nomination pools you can stake starting from 1 DOT and it’s like 3 clicks', '10hbyya'], ['u/JERMYNC', 11, '2023-01-21 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57o05w/', 'Most of Mine is currently staked on Kraken. Paying 9-12%', '10hbyya'], ['u/GabeSter', 12, '2023-01-21 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57obtf/', 'I’m not fuding DOT in my post and I’m surprised that was your takeaway... Basically everything is up over the month.', '10hbyya'], ['u/JERMYNC', 13, '2023-01-21 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57ovtm/', 'Your Title was "curious case against DOT." Which seemed negative to me. \n\nI appreciate your POST, it\'s both informative and accurate. My takeaway is to keep DOT staked in order to counter the inflation risks. I hope you continue to post quality pieces my friend.', '10hbyya'], ['u/Soil_Electronic', 11, '2023-01-21 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57p7ix/', 'I’m a DOT holder and I found this post great to shed a light on disadvantages and advantages end of the day people themselves have to do due diligence. DOT was my first defi,crowdloan experience and because of it I learned a lot in this space. It might not be a moon shot that goes x100. But it has bright feature ahead', '10hbyya'], ['u/Uno-91', 57, '2023-01-21 00:52', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57pg8w/', 'I have to be honest and say that I found interest in Polkadot and invested early in 2022 but never staked but I am just coming around to doing it. Better late than never I guess. Thanks for a good and important post for people looking to get into DOT.', '10hbyya'], ['u/Odlavso', 11, '2023-01-21 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57qz77/', "That's not staking, that's lending your DOT to kraken.", '10hbyya'], ['u/Lillica_Golden_SHIB', 15, '2023-01-21 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57vacc/', 'Hats down to OP, really nice when people put in the time to bring quality content to the sub', '10hbyya'], ['u/sportspadawan13', 15, '2023-01-21 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j5815gz/', "Staked and got a boatload, certainly offsetting inflation. But doesn't really matter when it's 93% down from ATH and 75% down from my average...", '10hbyya'], ['u/Soil_Electronic', 14, '2023-01-21 03:51', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58cs9a/', 'Look up talisman wallet you can use that with your ledger (your DOT still stays in the ledger) and stake through there using nominations pools. And for liquid staking it’s Parallel', '10hbyya'], ['u/diegun81', 10, '2023-01-21 04:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58e56u/', 'I use talisman wallet, you need 1 dot and it’s so easy to stake. I used to stake in kraken and changed as talisman did that. Ofc chose the pool you prefer, used talisman because was the first i heard of.', '10hbyya'], ['u/3utt5lut', 11, '2023-01-21 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58x6vh/', "The emphasis on Polkadot is that they don't want users to stake it or the rewards would go down (duh). Before the Nomination Pools came out, it was (is) a total shitshow to even use their native staking.\n\nLast bullrun, the market cap was essentially 10x what it is now, price was still reasonably affordable even at the $55 ATH. The idea behind Polkadot is to remain affordable so people can actually buy it and use it, especially in their parachain crowdloans (which is the entire purpose of the network). If people can't buy it, they can't functionally use the network as intended.\n\nAlthough, Polkadot does have denominations similar to Bitcoin's Satoshis (Sats); Plancks, where 1 DOT = 10,000,000,000 Planck. So they have planned for future outcomes where the price/affordability can join into one, the same way anyone can inadvertently stack Sats regardless of what crypto they buy.", '10hbyya'], ['u/kirtash93', 15, '2023-01-21 08:38', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j595b45/', 'DOT is one of my most promising projects in my portfolio. I am happy I have never stop my DCA.', '10hbyya']]], ['u/HODL-THE-LINE', 'maybe the ratio is a good indicator of ...
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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22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28
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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:**
['editor\'s node column The jokes wrote themselves. On Wednesday, the U.S. Department of Justice declared ominously that it would hold a live press conference at noon to announce an "International Cryptocurrency Enforcement Action." Crypto Twitter panicked, and so did crypto prices . Bitcoin and Ethereum each fell nearly 5% in just a few minutes, amounting to a flash crash. Which big player was caught in the DOJ\'s crosshairs? Binance was a popular bet, and CZ didn\'t help matters by tweeting just "4," which he announced on January 2 is his new signal for incoming "FUD, fake news, attacks, etc." Then the press conference happened. It wasn\'t Binance. It wasn\'t Celsius, or Voyager, or Blockfi, or any other bankrupt crypto lender that screwed over its customers. It was a Hong Kong-based, Russian-owned crypto exchange called Bitzlato. Bitz-what? Bitzlatte? I\'ve been writing about crypto since 2011, and never heard of it. Bitzlato has like 1,400 followers and hasn\'t tweeted in almost a year pic.twitter.com/VMNqVMSo5x — Jacquelyn Melinek (@jacqmelinek) January 18, 2023 Bitzlato, the DOJ said , processed more than $700 million in illicit funds, including millions in proceeds from ransomware. Okay. But as of January 18, Bitzlato customer wallets had... $11,000 in them, according to a Coinbase operations director . At Bitzlato\'s peak, customer wallets held $6 million—a trifle. And yet DOJ Deputy Attorney General Lisa Monaco touted the enforcement action as "a significant blow to the cryptocrime ecosystem." She said Bitzlato, "fueled a high-tech axis of cryptocrime." The crypto market quickly rebounded . vibes pic.twitter.com/NuLYoMfG5g — 219.eth (@219_eth) January 18, 2023 I could embed a bunch more of the best memes on this, but let\'s move on to the Why, and the What This Means. Story continues The DOJ is attempting to flex. People in crypto laughed at it, but those outside crypto probably didn\'t. The U.S. government wants to make crystal clear—especially after the massively scrutinized collapse of FTX—that it is aware of CRYPTO CRIME (!) and is taking decisive action. The DOJ has reportedly been investigating Binance since 2018 , and according to Reuters is split over whether to bring charges. It\'s been rumored that the DOJ is also investigating Digital Currency Group , owner of crypto lender Genesis, which filed for bankruptcy this week. And the DOJ isn\'t alone: the SEC charged both Genesis and Gemini at once last week for violating securities laws. SEC Commissioner Hester Peirce, in an interview on our gm podcast last month, was reluctant to say outright that the FTX meltdown will lead directly to more crypto regulation. But it\'s clear that at the very least it has already led to more posturing. And Peirce did say she hopes it won\'t lead her peers to overreact with hasty restrictions. “I think we should all be on the lookout for regulatory frameworks that are developed in the context of enforcement action, because it’s a very tempting thing for regulators to do that,” Peirce said. “And it just cuts everybody else out of the process.” I frequently say that people in crypto have an irrational fear of the very word "regulation." They presume regulating crypto means shutting it down entirely, when regulation could simply mean—in an ideal scenario for all—creating new safeguards for retail investors. That said, what Sam Bankman-Fried hath wrought is a new climate in which regulators and politicians are feeling more pressured than ever before to show they\'re serious about ridding crypto of the bad actors. And that could lead to overreach. We already saw it last year with Tornado Cash . The next big hyped enforcement action may not be against some small-time player.', 'The jokes wrote themselves.\nOn Wednesday, the U.S. Department of Justicedeclaredominously that it would hold a live press conference at noon to announce an "International Cryptocurrency Enforcement Action."\nCrypto Twitter panicked, andso did crypto prices. Bitcoin and Ethereum each fell nearly 5% in just a few minutes, amounting to a flash crash. Which big player was caught in the DOJ\'s crosshairs? Binance was a popular bet, and CZ didn\'t help matters bytweetingjust "4," which heannouncedon January 2 is his new signal for incoming "FUD, fake news, attacks, etc."\nThen the press conference happened. It wasn\'t Binance. It wasn\'t Celsius, or Voyager, or Blockfi, or any other bankrupt crypto lender that screwed over its customers. It was a Hong Kong-based, Russian-owned crypto exchange called Bitzlato.\nBitz-what? Bitzlatte? I\'ve been writing about crypto since 2011, and never heard of it.\nBitzlato, theDOJ said, processed more than $700 million in illicit funds, including millions in proceeds from ransomware.\nOkay. But as of January 18, Bitzlato customer wallets had... $11,000 in them,according to a Coinbase operations director. At Bitzlato\'s peak, customer wallets held $6 million—a trifle. And yet DOJ Deputy Attorney General Lisa Monaco touted the enforcement action as "a significant blow to the cryptocrime ecosystem." She said Bitzlato, "fueled a high-tech axis of cryptocrime."\nThe crypto marketquickly rebounded.\nI could embed a bunch more of the best memes on this, but let\'s move on to the Why, and the What This Means.\nThe DOJ is attempting to flex.\nPeople in crypto laughed at it, but those outside crypto probably didn\'t. The U.S. government wants to make crystal clear—especially after the massively scrutinized collapse of FTX—that it is aware ofCRYPTO CRIME(!) and is taking decisive action.\nThe DOJ has reportedly beeninvestigating Binance since 2018, and according toReutersis split over whether to bring charges. It\'s been rumored that the DOJ is alsoinvestigating Digital Currency Group, owner of crypto lender Genesis, whichfiled for bankruptcythis week.\nAnd the DOJ isn\'t alone: the SECcharged both Genesis and Gemini at oncelast week for violating securities laws.\nSEC Commissioner Hester Peirce, in aninterview on our gm podcastlast month, was reluctant to say outright that the FTX meltdown will lead directly to more crypto regulation. But it\'s clear that at the very least it has already led to more posturing. And Peirce did say she hopes it won\'t lead her peers to overreact with hasty restrictions.\n“I think we should all be on the lookout for regulatory frameworks that are developed in the context of enforcement action, because it’s a very tempting thing for regulators to do that,” Peirce said. “And it just cuts everybody else out of the process.”\nI frequently say that people in crypto have an irrational fear of the very word "regulation." They presume regulating crypto means shutting it down entirely, when regulation could simply mean—in an ideal scenario for all—creating new safeguards for retail investors.\nThat said, what Sam Bankman-Fried hath wrought is a new climate in which regulators and politicians are feeling more pressured than ever before to show they\'re serious about ridding crypto of the bad actors. And that could lead to overreach. We already saw it last year withTornado Cash.\nThe next big hyped enforcement action may not be against some small-time player.', 'The outlook for the world economy is getting gloomier. Two-thirds (67%) of private and public sector chief economists surveyed by the World Economic Forum (WEF) recently said they expect a global recession in 2023 .\xa0 While the stocks of companies that sell essential products, such as healthcare, utilities and groceries, would likely hold up well during a recession, the stocks of companies involved in discretionary pursuits, i.e. travel, dining out and entertainment, often get brutalized during economic downturns as consumers are forced to reduce their spending on such items. A growing wave of layoffs are likely to force people to count their pennies even more closely. Here are three stocks to sell ASAP following the World Economic Forum’s recession prediction for 2023. SIX Six Flags $26.80 DRI Darden $148 MA Mastercard $381 Six Flags (SIX) The Six Flags (SIX) Magic Mountain sign in Los Angeles, California. Source: Martina Badini/Shutterstock.com Amusement parks are viewed as a luxury at the best of times. Riding a rollercoaster, while fun, is hardly necessary. For this reason, the stock of Six Flags Entertainment (NYSE: SIX ) is likely not one you want in your portfolio if the economy tanks. The Texas-based company runs nearly 30 amusement and water parks in the U.S., Canada and Mexico. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The company’s business has struggled since the Covid-19 pandemic in 2020 forced its parks to close for lengthy periods or operate at reduced capacity. A recession in 2023 would just be the latest blow to a stock that has declined 60% in the last five years. In the past year alone, SIX stock has dropped 32%. To keep up with inflation, the company was forced to raise its prices in 2022. That resulted in a 25% year-over-year decline in park attendance during the first nine months of last year. Its total revenue dropped 9% and its net income fell 23% in the same time period. A recession would further hurt park attendance and profits, making Six Flags Entertainment a stock to sell ASAP. Story continues Darden Restaurants (DRI) an Olive Garden sign on the front of the restaurant Source: Shutterstock People will still dine out during a recession, but they’ll look for cheaper alternatives. The dollar menu at McDonald’s (NYSE: MCD ) can become very popular when times are tough. That would be bad news for Darden Restaurants (NYSE: DRI ), which runs popular dine-in chains such as Olive Garden and the Longhorn Steakhouse. These full-service restaurants have difficulty competing against their fast food competitors and drive-thru counters during lean times. A recession in 2023 would come at arguably the worst possible time for Darden Restaurants, whose more than 1,800 locations across the U.S. and Canada are still
**Last 60 Days of Bitcoin's Closing Prices:**
[16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-22
**Financial & Commodity Data:**
- Gold Closing Price: $1926.40
- Crude Oil Closing Price: $81.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,463,659,625
- Hash Rate: 282163369.5939428
- Transaction Count: 250760.0
- Unique Addresses: 610248.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Despite a myriad of warnings to avoid the sector, speculative investments rank highly among search queries, practically necessitating a conversation about top penny stock picks for 2023. To be clear, whenever you dive into this space, you’re on your own. With low price tags and often unpredictable trading dynamics, these market ideas can quickly go wrong. On the other hand, if you’re willing to exercise strict money management – that is, using only funds you can afford to lose – the top penny stock picks for 2023 could be relatively intriguing. For a small expenditure, it’s possible (though not likely) that you can enjoy massive gains. If you’re ready to take the plunge, below are (somewhat) fundamentally sensible penny stock picks for 2023. WIT Wipro $4.90 ABEV Ambev $3.03 SPRS Surge Components $3.26 MNDO MIND C.T.I. $2.16 FEEXF Ferrexpo $1.98 BTG B2Gold $3.35 ALKEF Alkane Resources $0.42 Wipro (WIT) Pennies in a jar on top of a background of blurred pennies. Penny stocks. Source: John Brueske / Shutterstock An Indian multinational corporation, Wipro (NYSE: WIT ) provides information technology, consulting, and business process services. Per its public profile, the company’s capabilities cover cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services. Currently, Wipro features a market capitalization of $27.1 billion and a price tag of $4.92. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Since the start of this year, WIT dropped over 49% of equity value, which is not uncommon for speculative trades, even those regarded as the top penny stock picks for 2023. However, WIT may be gaining nearer-term momentum, with shares up 2% in the trailing month. Fundamentally, Wipro entices because of its exposure to India’s tech market. Notably, India’s IT market contributes a little over 9% to its national GDP . From the financial angle, Wipro delivers goods in myriad ways. Perhaps most conspicuously, the company features excellent profitability metrics , ranking among the sector’s elite. As well, Gurufocus.com notes that WIT is priced conspicuously under the investment resource’s proprietary calculation for fair market value (FMV). Ambev (ABEV) A concept image of a penny sitting on a stock chart Source: Billion Photos / Shutterstock.com A Brazilian brewing company, Ambev (NYSE: ABEV ) currently trades hands for three bucks a share. It’s almost not fair to characterize ABEV as one of the top penny stock picks for 2023 because it lacks this sector’s poor attributes. For instance, it features a market capitalization of $47.6 billion. You’re not going to find too many speculative ideas with that kind of market value. Story continues Fundamentally, ABEV aligns with certain cynical realities. While the assumption that imbibing increases during recessions remains a debatable topic, what appears to be relatively established is that, per a Forbes article, “ alcoholic beverage consumption should be resilient even during a future economic recession.” It’s not a dinner table conversation but it is a relatively predictable social phenomenon. Also, unlike garbage speculative trades, Ambev commands robust financials . It features a highly stable balance sheet, solid growth trends and excellent profitability metrics. An above-sector-average return on equity of 15.4% also reflects Ambev’s high-quality business. Surge Components (SPRS) Image of a penny held between two fingers with a white indoor background Source: Shutterstock Headquartered in Deer Park, New York, Surge Components (OTCMKTS: SPRS ) is a world-class supplier of capacitors and discrete semiconductors. Per its website, the company’s current product portfolio includes aluminum electrolytic capacitors, film capacitors, MLCC [multilayer ceramic capacitors], discrete semiconductors, and switches. Currently, Surge Components features a market cap of $18.1 million. To be fair, Surge presents risks based on its nano-cap profile. Also, the company’s stock trades over the counter, which may present liquidity concerns among other administrative challenges. At the time of writing, SPRS trades hands at $3.26. On a year-to-date basis, SPRS dipped slightly over 14%. Despite obvious obstacles, SPRS could make a case for top penny stock picks for 2023 due to its infrastructural relevance. Thanks to the Biden administration’s various initiatives to boost American infrastructure and technology, Surge may enjoy a demand upswing. Financially, one of Surge’s strong points centers on its all-around solid financials . One of the rarities of securities listed on Gurufocus.com, SPRS enjoys six green flags and no major points of concern. As an added bonus, SPRS rates as modestly undervalued based on the investment resource’s calculation for FMV. Mind C.T.I. (MNDO) Source: Shutterstock Headquartered in Israel, Mind C.T.I. (NASDAQ: MNDO ) is a global provider of billing and customer care solutions for voice, data, video, and content services. Presently, Mind carries a market cap of $43.7 million. At the time of writing, shares trade hands for $2.17. As well, the average volume is quite high for a speculative investment at 22,000 shares. Since the start of the year, MNDO slipped 31%. Fundamentally, Mind brings fiscal stability and strong margins to the table, making it an intriguing idea among top penny stock picks for 2023. Primarily, the company enjoys a strong cash position, evidenced by its cash-to-debt ratio of 17.7 times. In contrast, the industry median is 3.2 times. Additionally, its Altman Z-Score is 5.2, reflecting low bankruptcy risk. Even better for those seeking bargains among the top penny stock picks for 2023, MNDO rates as undervalued based on traditional metrics. For instance, the market prices Mind at 8 times trailing earnings. In contrast, the sector median value is 25.7 times. Ferrexpo (FEEXF) a stack of pennies and a calculator lay stop a graph of market movements Source: Shutterstock To be clear, Ferrexpo (OTCMKTS: FEEXF ) may represent the riskiest idea on this list of top penny stock picks for 2023. A Swiss-based commodity trading and mining firm, Ferrexpo specializes in iron ore pellets. However, its operating base is located in central Ukraine, which brings up major concerns for obvious reasons. Indeed, Ferrexpo is one of the largest employers of Ukrainian workers. Currently, the company prioritizes the safety of its employees, along with supporting humanitarian initiatives. For those that are interested in high-risk ventures with feel-good narratives, Ferrexpo might appeal to certain investors. Should you decide to buy FEEXF, you should know that it’s not all about the feels with this company. Rather, Ferrexpo enjoys excellent strengths in the balance sheet. As well, its revenue growth rate and profit margins rank among the sector’s upper echelon. Finally, the market prices FEEXF at only 3.8 times trailing earnings, making it significantly undervalued . B2Gold (BTG) Penny Stocks: A penny sitting on a chart with two trend lines on top Source: InvestorPlace unless otherwise noted A Canadian mining firm, B2Gold (NYSEAMERICAN: BTG ) owns and operates gold mines in Mali, Namibia, and the Philippines. Currently, the Federal Reserve’s efforts to unwind the monetary excesses of the coronavirus pandemic pose deflationary pressures on B2Gold. Since the beginning of this year, BTG fell almost 14%. However, circumstances appear to be stabilizing, with shares gaining over 4% in the trailing month. Still, it’s a tricky situation. Earlier, rumors suggested the Fed would be less aggressive with its rate hikes . However, the unexpectedly robust November jobs report probably threw this narrative out the window. Nevertheless, the fear of trade associated with global recession risks could cynically blossom. Either way, B2Gold enjoys surprisingly robust financials . In terms of key growth and profitability metrics, B2Gold ranks noticeably above sector averages. As well, prospective investors should check out the company’s balance sheet. With an Altman Z-Score of 5.5 reflecting low bankruptcy risk, BTG could rank among the intriguing penny stock picks for 2023. Alkane Resources (ALKEF) a jar filled with pennies on a table covered in pennies to represent penny stocks Source: Shutterstock Founded in 1969, Alkane Resources (OTCMKTS: ALKEF ) calls the Land Down Under home. According to its website, Alkane is poised to become Australia’s next multi-mine gold producer. Although it features projects throughout the country, management focuses predominantly on the New South Wales region. As of this writing, Alkane carries a market cap of 371.5 million AUD or about $248.7 million. ALKEF trades hands for 45 cents a share. Against the January opener, the stock dropped almost 32% in equity value. However, in the trailing five days, ALKEF popped up nearly 5%, reflecting a possible bullish resurgence. On the financials, Alkane is arguably best known for its revenue trend . Its three-year sales growth rate stands at 20.8%, beating out 79% of its competitors. Also, the company delivers on the bottom line, particularly with a net margin of 42.6%. This stat ranks above 93% of the industry. Finally, Alkane enjoys a return on equity of nearly 30%, reflecting a very high-quality business. So, don’t let the cheap price fool you. ALKEF may be one of the best-hidden gems among top penny stock picks for 2023. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com ’s writers disclose this fact and warn readers of the risks...
- Reddit Posts (Sample): [['u/georgeoj', '[University] The Undie 500: How hundreds of drunk university students driving 220 miles to party every year resulted in riots, arson, and arrests', 1844, '2023-01-22 00:47', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/', 'Hi everyone! I wanted to write about an event that is fairly well known in my university and country, and is batshit crazy enough to the point where I think it should be known more globally. I don\'t know if this even counts for\nthis sub, so no sweat if it needs to be deleted.\n\n\n**The University of Otago**\n\nOpened in 1869, the University of Otago is one of 8 major universities in New Zealand, and it is also the oldest. Being the oldest university comes with a lot of tradition, just like you would see from universities in the United Kingdom, which the New Zealand unversity system is based off. These traditions range from your more standard toga parties, [all the way up to first years having to carry a concrete bath up a cold and jagged-rock filled river while you\'re pelted with eggs by other students.](https://www.critic.co.nz/features/article/7172/the-history-of-initiations-at-otago-university) There\'s many, many more in the article I linked, but you get the idea. It\'s an old uni, with lots of old traditions, and a very strong culture as a result. In more recent years, both the frequency and the creativity of these traditions has died down, yet the culture remains just as strong as ever. A key part of Otago University culture, however, is the drinking culture.\n\nTo my American friends, this is not your frat party on the weekend and drink till you vomit drinking culture. This is party in the street every night of the week perpetually for the entire year drinking culture. A drinking culture where if you don\'t vomit, you\'ve failed, and[ it\'s rare that you can drive down the street on a Thursday or Saturday night without the street being blocked by hordes of people.](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/story/2016/04/castle_st_burns_again_1869312187.jpg?itok=8kBPXWfZ) A fantastic example of this is Castle Street, [best showcased in this video](https://www.youtube.com/watch?v=H_75oNYx_Zw&themeRefresh=1), this is essentially 4 blocks of houses that are rented out completely, and absolutely, by students between the ages of 17-25, sometimes older. Not only is it entirely students, but it is all students who quite literally, only drink. There is an ethos and culture in the area that is, in essence, if you are not drinking, you are not winning. This leads to [stories like this](https://www.critic.co.nz/news/article/9009/castle-streets-most-notorious-flat-evicted-with-34) wherein a group of students were charged $34,000 NZD ($21k USD) to repair damages to their flat, including 19 different walls with holes, 4 windows, a heat pump, a new carpet, you get the idea. I heard from a friend that people would vomit/urinate in the wall holes rather than go to the bathroom. Not only that, but these students often pay way above market value for these awful condition flats, which are often filled with mold, structural issues, and have no insulation, just so they can host parties and have the Castle Street experience. Seriously, just look at these images [here,](https://www.critic.co.nz/files/1633915474_WorstFlat.jpg) [here,](https://www.critic.co.nz/files/1633915929_runnerupworst.jpg) and [here](https://resources.stuff.co.nz/content/dam/images/4/y/p/m/l/7/image.related.StuffLandscapeSixteenByNine.1240x700.21j1gv.png/1606370682873.jpg?format=pjpg&optimize=medium). The photos don\'t do them justice, but even so, they are paying *MORE* so they can live in these conditions. Not only that, [but the street is covered in broken glass and rubbish because why find a bin, right?](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-333260/2016/04/glass_and_rubbish_remain_strewn_over_hyde_st_yeste_54e120441d.JPG?itok=D8G8R07G). NOTE: This isn\'t Castle Street, but a street after the infamous Hyde Street party.\n\nIt\'s worth mentioning that in New Zealand, University has either been free or at the least pretty cheap. Up until 1989, provided you met the entry requirements, your education was free. Nowadays, you can get an interest-free loan from the government to pay, and the entry requirements are very minimal, so it\'s incredibly easy to get in if you just want to spend the year drinking (which many do).\n\nThe drinking antics of Otago\'s unviersity students could probably get it\'s own write up, but all of the above is to say, the University of Otago is old and has plenty of traditions, people fucking LOVE drinking and partying. It\'s a lifestyle here, in such a way that nowhere else is similar, and it\'s hard to understand without witnessing it yourself.\n\n**The rise of the Undie 500**\n\nOn the much, much tamer end of the spectrum is the University of Canterbury. Known for it\'s engineering courses, it was established in 1873, but over time developed a much more academic reputation than its southern counterpart. Even from Google, it is significantly more difficult to find news articles on the "horrors" of an out of control drinking culture. It\'s clear to pretty much everyone that UoO\'s party scene is a main attraction, whereas UC\'s is just an activity you do on the weekends, not a lifestyle.\n\nThat said, with UC only being a few years younger than UoO, UC has it\'s fair share of traditions, although they\'re not nearly as well documented or as well-known as UoOs. One tradition that will go down in history, however, is the Undy 500.\n\nIn 1986, the Engineering Society of Canturbury, a student association at UC, decided to host a hitchhiking race from Christchurch to Dunedin, a 359km (223 miles) drive, with the end goal being to watch the annual Otago Surveyors (UoO has a pretty popular surveying department) vs Canturbury Engineers rugby match. But eventually ENSOC had to go back to the drawing board as ["Not many of them made it".](https://www.critic.co.nz/features/article/8560/remembering-the-undie-500) Unsurprisingly, commuters didn\'t want to have 3-4 heavily drunk students in their vehicles for a nearly 5 hour journey. So the next year, ENSOC decided that they would change the game, and set the foundation for the Undie 500 forever. Students had to purchase a car for under $300 NZD ($191 USD, or $887 NZD/$567 USD adjusted for inflation) and make the journey. Unfortunately this didn\'t worth either, as the cheap cars just broke down. I can imagine many car owners fleeced their shitbox cars to desparate drunken uni students, which lead to 1988. The rules changed. A $500 limit ($319 USD or $1478 NZD/$945 USD adjusted for inflation), and you have to decorate the car. It might sound like a lot, but with 7 or 8 friends you could pick up a decent car and decorate it pretty well for your very crammed journey. Fun fact: Apparently the car decorating stemmed from people picking up road signs and street name signs on their journeys.\n\nAnd so they set off on the first inaugural trip of the Undie 500 (Get the name now? Hint: Under 500), often pronounced as "Undie Five Hundy". In it\'s first real iteration, there were only about 12 or so cars, each high-performance steed filled to the brim with drunk and excited students. As the race progressed and convoy members inevitably broke down, some cars ended up with "like 14 people in the car". Over the following years, the event grew and grew and experienced success after success as an event, [with](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/undie_500_designs_through_the_years___1102066724.JPG?itok=mlYZ_Pm1) some [pretty](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/tradition_cars_the_rip_roaring_good_time_1853980155.JPG?itok=bmhQr-fr) well [decorated](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/tradition_cars_the_rip_roaring_good_time_1408348325.JPG?itok=b-9z_AP1) cars as well. But things would soon change.\n\n\n\n**Things start going downhill**\n\n\nIn 2006, as Castle Street\'s culture really began to form, the Undie 500 participants started to typically end up there. There were multiple factors that would turn this into a perfect storm for general debauchery.\n\n1. The Undie 500 participants were already drunk and ready to party after a 5 hour car trip. There was no need to catch up\n2. The amount of people on Castle Street would easily double, if not triple, once the Undie 500 arrived\n3. Once the Undie 500 people arrived pretty drunk, Castle Street partiers felt the need to catch up, resulting in an arms race and everyone just getting absolutely fucked\n4. The Undie 500 had become less about the journey, but more about the destination, because Castle Street was just such an awesome experience. The goal wasn\'t nessesarily to have a fun drive down with your mates, it was to experience a weekend of getting pissed with strangers in a city and flat you have no attachment to. The threat of consequences just isn\'t the same when it\'s not your property.\n\nI\'m not really certain if it was something specific in 2006 that set people off, but it was always going to happen as our drinking culture changed to become more focused on the drinking than the fun.\n\nThe event went pretty normally during the day. The students made their attempts, several cars were abandoned, but the drive went off without incident. Undie 500 participants had their fun in Dunedin, doing things like [driving their bald-tired and bad-braked vehicles down the steepest street in the world](https://www.youtube.com/watch?v=kYxsKxUHHP0) and just [generally having a fun time drinking in the sun with their friends and their funny-looking cars.\n](https://www.youtube.com/wa...
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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22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77
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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 traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss.\nSee related article:Crypto is second most owned asset class for women after cash: report\n• Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com.\n• Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according todata from CoinMarketCap.\n• Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high.\n• Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10.\n• The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains.\n• The Nasdaq was helped by the strongperformance from Netflix Inc. which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engineGoogle, rose5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce.\n• U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points.\n• Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges', 'Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss. See related article: Crypto is second most owned asset class for women after cash: report Fast facts Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com. Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according to data from CoinMarketCap . Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high. Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10. The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX. U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains. The Nasdaq was helped by the strong performance from Netflix Inc . which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engine Google, rose 5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce. U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday. Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points. Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment. See related article: Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges View comments', 'Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss.\nSee related article:Crypto is second most owned asset class for women after cash: report\n• Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com.\n• Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according todata from CoinMarketCap.\n• Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high.\n• Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10.\n• The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains.\n• The Nasdaq was helped by the strongperformance from Netflix Inc. which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engineGoogle, rose5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce.\n• U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points.\n• Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continued its 2023 surge, jumping past $23,000 for the first time since August before retreating to trade at about $22,750.\nInsights:Microsoft effectively exited the metaverse. Will Apple succeed where other large tech firms have struggled in the space?\nCoinDesk Market Index (CMI)\n1,083.23\n+7.3▲0.7%\nBitcoin (BTC)\n$22,757\n−20.1▼0.1
**Last 60 Days of Bitcoin's Closing Prices:**
[16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-23
**Financial & Commodity Data:**
- Gold Closing Price: $1927.10
- Crude Oil Closing Price: $81.62
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $439,093,625,450
- Hash Rate: 295243790.7009466
- Transaction Count: 293709.0
- Unique Addresses: 651866.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cryptocurrency exchange Crypto.com will no longer facilitate transactions involving Tether in Canada and plans to delist the largest stablecoin by market capitalization for customers in the region. “Crypto.com has delisted USDT for users in Canada in accordance with instructions from the Ontario Securities Commission (OSC) as part of our pre-registration undertaking for a restricted dealer license,” a spokesperson for Crypto.com told Decrypt . Canadian users of the exchange were notified about the company’s change in policy on Tuesday via email, as images of the delisting notice began to crop on both Reddit and Twitter . The notice stated Crypto.com’s support of Tether will end on Jan. 31, without specifically stating users in Canada would only be affected, prompting confusion on behalf of some on social media. The exchange warned users that all trading, deposits, and withdrawals will not be facilitated after the deadline. “Please take urgent action to review your USDT balance and take necessary action,” the notice stated. Any remaining USDT balances would “automatically” be converted to Circle’s USD Coin, another stablecoin that tracks the price of the dollar. The exchange also stated the retrieval of USDT deposits made after the deadline may not be possible or warrant some fees. Tether is the third-largest digital asset by market capitalization and crypto’s largest stablecoin, according to data from CoinGecko , with a total value of around $66 billion. USD Coin is currently second among stablecoins at nearly $43 billion in total value but gained ground against Tether last year. Stablecoins play an integral role in the crypto ecosystem, giving people an option to swap cryptocurrencies for a more stable store of value without converting digital assets into so-called fiat money, such as the U.S. dollar. Crypto.com’s decision to delist Tether follows regulatory clarification from the Canadian Standards Association (CSA) in December. The update was posted to the Ontario Securities Commission’s website. Story continues “The CSA continues to monitor and assess the presence and role of stablecoins in Canadian capital market,” it stated. “As a result of this ongoing work, the CSA is of the view that stablecoins, or stablecoin arrangements, may constitute securities and/or derivatives.” Judge Orders Tether to Produce Records Showing Backing of USDT The blog post emphasized that cryptocurrency exchanges registered in Canada are “prohibited from permitting Canadian clients to trade, or obtain exposure to, any crypto asset that is itself a security and/or a derivative.” Additionally, the update stated that registered cryptocurrency exchanges are responsible for having their own systems and procedures for determining whether a digital asset is a security or derivative. Tether Scrutiny The mix of assets backing Tether’s tokens is a 1-to-1 match in value, according to Tether’s website , which states its reserves are mostly composed of cash and cash equivalents, such as U.S. Treasury bills. However, Tether has faced legal scrutiny in the past year regarding the contents of its reserves. Katherine Polk Failla, a U.S. district judge for the Southern District of New York, ordered Tether to produce financial documents in September related to its backing of USDT. The order pertains to an ongoing lawsuit brought by several crypto traders against Tether, which alleges the company propped up the price of Bitcoin through trades made with unbacked Tether tokens. Over the summer, Tether fought back against allegations that its reserves contained a mix of commercial paper from Chinese and Asian companies, calling them “false rumors.” Months later, Tether announced it had eliminated its holdings of commercial paper–short-term, unsecured debt issued by a corporation–which would be replaced by U.S. Treasury bills. In early 2021, Tether and Bitfinex, a cryptocurrency exchange with the same parent company as Tether, were shut down in New York and ordered to pay $18.5 million for false statements made about Tether’s backing, following a 22-month investigation by the state. “These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system,” said New York Attorney General Letitia James. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.” The Tether Controversy: A Brief History In response to USDT’s delisting from Crypto.com, a spokesperson for Tether told Decrypt that “Canada is not a core market for Tether.” The spokesperson added: “While this does not mean that we will abandon our interest in ensuring that Tether products can be used beyond any borders, we abide by regulatory guidelines.” The spokesperson described Canada as “moving more aggressively” to regulate crypto compared to most countries, adding a “fair, open and forward looking approach to financial access should be encouraged.” Editor's note: This article was updated after publication to include additional context regarding Tether and to include comments from a Tether spokesperson....
- Reddit Posts (Sample): [['u/Odd-Home1094', 'WHERE ARE THE SERVERS THAT MAKE THE BITCOIN BLOCKCHAIN', 28, '2023-01-23 00:32', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/', 'I understand that bitcoin is only "a message stored in a blockchain" that confirms that a certain wallet has "X amount" of it, however, this data needs to be stored somewhere and that\'s my question. Where is that data stored? it doesn\'t make sense to be installed on each computer ( Since there is Billions of transaction already"... Is there some specific servers that run the blockchain?', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/', '10ixrkb', [['u/mihaialexmihaialex', 100, '2023-01-23 00:40', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h56hd/', "they're called nodes. they're spread all over the world. they're people's computers that run bitcoin software and are connected to the bitcoin network. bitcoin nodes validate, broadcast, process and store BTC transactions.", '10ixrkb'], ['u/Pasukaru0', 27, '2023-01-23 00:40', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h5aua/', "One is sitting in my hallway. It's my old macbook pro from 2015, now running ubuntu and bitcoin core + other stuff.\n\nOne of the 'other stuff' is my mempool instance: \n[https://mempool.pasukaru.me/](https://mempool.pasukaru.me/)", '10ixrkb'], ['u/Odd-Home1094', 29, '2023-01-23 00:58', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h7sq8/', 'So your Macbook is storing all the data about all the transactions since the first one and is currently storing all the millions of transactions that are occurring at the moment?', '10ixrkb'], ['u/Pasukaru0', 18, '2023-01-23 01:01', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h86yf/', "For bitcoin, yes. But it's not millions of transactions 'at the moment'. It's a couple thousand (max 4mb) every 10 minutes. Which currently amounts to 520 something GB of data from the last 13 years. \n\n\nThat's the power of bitcoin. Anyone can run a node!", '10ixrkb'], ['u/mihaialexmihaialex', 89, '2023-01-23 01:03', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h8j0v/', "it's called blockchain and at the moment it has around 500GB and counting", '10ixrkb'], ['u/looneytones8', 49, '2023-01-23 01:07', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h92pw/', "Yes. The Bitcoin blockchain in its entirety is only about 500gb. Pruned it's even less. It's one of the reasons Bitcoin is the most decentralized blockchain, anyone can run a node on their computer.", '10ixrkb'], ['u/Flat4Power4Life', 11, '2023-01-23 02:19', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hjkmi/', 'We are Satoshi', '10ixrkb'], ['u/igadjeed', 17, '2023-01-23 03:06', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hq8ut/', "> it doesn't make sense to be installed on each computer\n\nWhat an assumption. Reverse it. Read \nhttps://bitcoin.org/bitcoin.pdf \n\nYes, the entire blockchain really is stored on every computer", '10ixrkb'], ['u/Abundance144', 28, '2023-01-23 03:36', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5huhsf/', 'The limited "speed" of Bitcoin transactions is intention for this reason; so anyone with minimal hardware can run a complete copy of Bitcoin from anywhere with an internet connection.', '10ixrkb'], ['u/HitMePat', 35, '2023-01-23 03:37', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hupds/', "It isn't terrabytes yet. It only grows at like 250mB per day. Bandwidth and storage scale way faster than the Bitcoin Blockchain grows so it'll always be reasonably affordable for many people to run nodes.", '10ixrkb'], ['u/grndslm', 26, '2023-01-23 04:53', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5i4qkl/', 'The limited "function" is by design, as well. Smart contracts are best kept separate from the monetary layer.\n\nThe layered approach is definitely an underrated aspect of Bitcoin development. From the ground up, it\'s designed from a matter of first principles.', '10ixrkb'], ['u/Wonderingbye', 14, '2023-01-23 04:55', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5i4vyb/', 'This is exactly why the forks of bitcoin exist. Bitcoin chose to keep the block size small so that almost anyone can run their own node on their home computer', '10ixrkb'], ['u/redrocketman74', 11, '2023-01-23 05:51', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5ibbt1/', 'It literally just says the word "Error"?', '10ixrkb'], ['u/Bitcoin_Maximalist', 10, '2023-01-23 09:12', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5isufv/', '> bitcoin nodes validate, broadcast, process and store BTC transactions.\n\nbut nodes don´t "build" the blockchain, Miners do (which run nodes too) :)', '10ixrkb']]], ['u/brockm92', 'Why are the majority of top news media sites publishing negative articles regarding crypto?', 13, '2023-01-23 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/', 'I understand the negative things that have impacted crypto and its reputation such as FTX and the recent arrest of Anatoly Legkodymov, but it\'s like two different realities at the moment. As I watch crypto start to rebound (all signs point to it not being a dead cat bounce) I see articles with titles such as "The Crypto Collapse Continues" or "Bitcoin is Doomed"... and constant reporting on every negative thing that happens in the industry, which I understand there is plenty of. But there is a lot of positive as well and I see very little reporting on it from the larger media networks. Why?', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/', '10j2p7t', [['u/zoomercoomer9000', 14, '2023-01-23 04:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/j5i3k39/', "The irony is they misrepresent those crimes as being unique to cryptocurrency, but in most cases you'll find it is the same fraud that occurs with traditional finance.", '10j2p7t']]], ['u/Independent_Map6829', 'We live in a crazy world where you can buy real money with fake money', 119, '2023-01-23 05:37', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/', 'Take advantage while you still have the privilege to buy bitcoin with FIAT (aka toilet paper)', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/', '10j3x6v', [['u/shillyshally', 52, '2023-01-23 05:52', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5ibg36/', 'All money is made up.', '10j3x6v'], ['u/Successful_Screen563', 29, '2023-01-23 09:16', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5it57l/', 'We still decided on the idea that gold will serve as money.', '10j3x6v'], ['u/Apprehensive_Loan776', 55, '2023-01-23 10:25', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5iy1xk/', 'Problem is my bank only accepts fake money, so I have to sell my real money for fake money to pay them interest on their fake money so I can keep my real property.', '10j3x6v'], ['u/Raju_Patel', 10, '2023-01-23 13:33', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jcnoi/', "It's like we're in a gold rush, but we all have easy access to the gold and you just have to decide to buy and hold it.", '10j3x6v'], ['u/Raju_Patel', 10, '2023-01-23 15:40', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jrglz/', 'And if Bitcoin it is the "gold" almost all of these Alt coins are the fool\'s gold. Some may prove worthy to be the Silver, Platinum, Copper, palladium, etc ... but it\'s too early to tell\n\nEdit: I might even argue Bitcoin is Silver bcos both are highly useful (silver is more industrial than gold) , scare (silver is an endangered element), and undervalued (silver is manipulated with paper silver), but all the same it\'s worth holding.', '10j3x6v'], ['u/collect_my_corpse', 12, '2023-01-23 16:10', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jvp5i/', 'I’ll be happy to take on any “toilet paper” fiat you guys are dumping. I mean that shit is worthless, I’ll take it off your hands. You don’t have to do anything. Just give it to me. See I’m a bit of a hoarder and I like to stockpile worthless things like fiat. So help me build my worthless “toilet paper” fiat garbage dumps.', '10j3x6v'], ['u/void_evilness', 10, '2023-01-23 19:57', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5kvd7j/', 'I love bitcoin and everything it stands for, but money is not fake.. the system is flawed and predatory but it is far from being unreal or useless.', '10j3x6v']]], ['u/AutoModerator', '[Daily Discussion] - Monday, January 23, 2023', 40, '2023-01-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions th...
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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22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Years after the devastating coronavirus pandemic capsized global economies, China finally made the decision toreopen its economy, thus presenting possible opportunities in cheap Chinese stocks to buy. For the longest time, Beijing imposed a strict zero-Covid policy, which arguably helped control the spread of SARS-CoV-2. At the same time, however, the measure risked ruining the world’s second-largest economy.\nMoving forward, financial experts insist that investors tread carefully. Although the return of free commerce may be a welcome sight, itcould spark inflation. Indeed, the U.S. set the precedent. Although policymakers agreed to distribute stimulus checks, inflation didn’t become onerous untilmoney velocityaccelerated in 2022.\nIt’s possible, then, that a similar situation can materialize in China. Therefore, it’s important to consider viable andcheapChinese stocks to buy. Below are the top names to consider.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"VIPS": "NOAH", "Vipshop": "Noah Holdings", "$14.86": "$17.63"}, {"VIPS": "NTES", "Vipshop": "NetEase", "$14.86": "$90.28"}, {"VIPS": "ATHM", "Vipshop": "Autohome", "$14.86": "$36.77"}, {"VIPS": "MOMO", "Vipshop": "Hello Group", "$14.86": "$10.28"}, {"VIPS": "DQ", "Vipshop": "Daqo New Energy", "$14.86": "$47.91"}, {"VIPS": "FINV", "Vipshop": "FinVolution", "$14.86": "$5.40"}]\nSource: Shutterstock\nOperating the e-commerce website VIP.com,Vipshop(NYSE:VIPS) specializes in online discount sales. Therefore, the company combines two elements which China’s consumers likely seek right now: products to buy and great prices to go alongside them. Indeed, investors recognize the long-term opportunity, with VIPS gaining a remarkable 73% in the trailing year.\nGranted, with such a stratospheric performance, many prospective investors may be worried about holding the bag. However, VIPS represents one of the cheap Chinese stocks to buy on an objective basis. Currently, the market prices shares at12.1-times trailing earnings, below the sector median of 15.8 times. Moreover, VIPS trades hands at 8.5-times forward earnings, well below the sector median of 15.3 times.\nJust as well, Wall Street analysts appreciate Vipshop, assigning VIPS aconsensus moderate buy view. Along with strong stability in the balance sheet and a profitable business, VIPS still ranks among the cheap Chinese stocks to buy despite its recent upside.\nSource: My Life Graphic / Shutterstock.com\nFrom a narrative standpoint,Noah Holdings(NYSE:NOAH) may represent the riskiest name among cheap Chinese stocks to buy. I just want to be upfront about this before wasting anyone’s time.Per its website, Noah is a leading wealth and asset management service provider in China with a focus on high net worth individuals.\nOrdinarily, this would be a great business in a bull market – something that we saw post-spring 2020 doldrums. However, in a bear market, circumstances don’t exactly favor the wealth management industry. Nevertheless, Noah hires some of the best analysts and advisors in the business. If anyone’s going to guide Chinese investors, it would be an enterprise like Noah.\nGranted, this storyline alone might not be enough to convince investors to take a shot. That said, the market prices NOAH at ahair over 8-times trailing earnings. This slips below the sector median of 11.5 times. Thus, from an objective view, NOAH is one of the cheap Chinese stocks to buy.\nSource: Shutterstock\nAn Internet technology firm,NetEase(NASDAQ:NTES) develops and operates online PC and mobile games, advertising services, email services and e-commerce platforms. As China’s economy reopens and as the commercial bloodline flows freely again, NetEase should enjoy a relevancy boost. In particular, the company’s video game segment may be a hit, drawing attention as one of the cheap Chinese stocks to buy.\nAccording toReuters, “China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year…” One of the beneficiaries of thereduced draconian measurescould be NetEase. Although NTES gave up 6.5% of equity value in the trailing year, shares stormed back in the year so far. Since the January opener, NTES gained 16.5%.\nDespite the recent rise, Gurufocus.com labels NTES asmodestly undervalued. On an objective basis, NetEase’s price-to-discounted cash flow (DCF) on an earnings basis is 0.67 times. In contrast, the sector median stands at 1.41 times. Therefore, it’s a worthwhile candidate for cheap Chinese stocks to buy.\nSource: lumen-digital / Shutterstock.com\nOn surface level,Autohome(NYSE:ATHM) wouldn’t seem to qualify as one of the cheap Chinese stocks to buy. Billed as the leading online destination for automobile consumers in China, Autohome provides extensive auto-related information listing services, helping prospective car buyers make the right decision. Of course, the problem is that with various challenges in the global economy, now might not be a good time to buy a car, in China or anywhere else.\nWhile Autohome presents understandable concerns, it’s also important to recognize mechanical realities. As theWall Street Journalpointed out back home, the average age of vehicles on U.S. roadways reached a record 12.2 years. Therefore, when vehicles break down, they might need to be replaced. A similar circumstance may impact China’s automotive market.\nTo state differently, it may be the car, not the consumer that dictates the purchasing decision. Notably, Autohome features zero debt on its books. Moreover, it’s a highly profitable enterprise. Therefore, the company’sforward multiple of 13 is attractive, considering the sector median of 17.1 times.\nSource: Dean Drobot/Shutterstock.com\nFrom a longer-term perspective, social connection platformHello Group(NASDAQ:MOMO) presents a risky profile. In the trailing five years, MOMO stock dropped 66% of equity value. And in the trailing year, shares looked like they were about to implode. However, a recent resurgence brought some interest back in the underlying company. In fact, in the past half-year period, MOMO gained nearly 129%.\nAs China reopens, Hello Group may benefit from an obvious social catalyst: the need for humans to connect with each other. According to a Pew Research Center report, during the Covid-19 pandemic, four-in-ten U.S. adultssuffered from loneliness(and its consequences). Before you say that this report covers the U.S., I highly doubt that the Chinese are exempt.\nHumans are humans. We need each other and this sentiment cuts across all national and cultural barriers.\xa0Bolstering the bull case for MOMO, shares enjoy an objectively undervalued profile. Currently, the market prices MOMO at aforward multiple of 7.2. This ranks well below the sector median of 17 times. Thus, it’s one of the cheap Chinese stocks to buy.\nSource: Fit Ztudio / Shutterstock\nOn paper,Daqo New Energy(NYSE:DQ) represents one of the riskiest names among cheap Chinese stocks to buy. Sure, the company commands incredible relevancies. As a manufacturer of monocrystalline silicon and polysilicon – primarily for use in solar photovoltaic systems – Daqo should enjoy a large total addressable market. However, it also seems as if therenewable energy narrativeran out of steam.\nIn other words, with so many investors piling into the obvious trade back last year (fueled by geopolitical rumblings), many find themselves leery about holding the bag. Hence, several solar-related enterprises suffered a pullback. It’s possible that market participants may be feeling the same about Daqo. In the trailing year, DQ gained almost 22%. Notably, Gurufocus.com warns that DQ may be apossible value trap.\nAt the same time, analysts rate DQ as amoderate buy. Further, their average price target implies over 38% upside potential. Even better, Daqo features a forward multiple of 2.45, well below the sector median of 18.6 times. Thus, for risk takers, DQ may be one of the cheap Chinese stocks to buy.\nSource: Wright Studio / Shutterstock.com\nAlthough the financial technology (fintech) segment commands potentially extraordinary relevance, it’s also produced its fair share of stinkers. From a long-term perspective, it’s difficult to ignore the red ink inFinVolution(NYSE:FINV). Billed as a leading fintech platform in China connecting underserved borrowers with financial institutions, FinVolution offers a compelling narrative. Unfortunately, its lifetime return of 59% below parity raises doubts.\nStill, if you’re willing to overlook present challenges, FinVolution could be intriguing amid China’s reopening. With commercial activity poised to return to normal volumes, the company may enjoy a burst of relevance. Further, FINV benefits from strong market momentum. In the trailing year, it gained nearly 29%. And since the January opener, it popped up over 6%.\nAs it relates to cheap Chinese stocks to buy, Wall Street prices FINV at just under 4-times forward earnings. In contrast, the sector median stands at 7.73 times. Just as well, FinVolution features a strong cash-to-debt ratio and an excellent long-term growth trend. Plus, it commands a return on equity of 21.6%, signifying extremely high business quality.\nOn the date of publication, Josh Enomotodid 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.comPublishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 m
**Last 60 Days of Bitcoin's Closing Prices:**
[16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-24
**Financial & Commodity Data:**
- Gold Closing Price: $1933.90
- Crude Oil Closing Price: $80.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,363,620,462
- Hash Rate: 241053474.686216
- Transaction Count: 292970.0
- Unique Addresses: 660507.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The rapid collapse of billionaire-turned-scourge Sam Bankman-Fried's crypto empire will likely be remembered for posterity as one of the blockchain industry's worst-ever episodes, and nowhere was that more evident than in the performance of digital-asset markets. Bitcoin ( BTC ), the largest cryptocurrency, plunged by 18% in November, its biggest monthly loss in five months. Ether ( ETH ), the Ethereum blockchain’s native cryptocurrency and the second-largest overall, tumbled 21%. The CoinDesk Market Index ( CMI ) lost 16%. Hardest hit in digital-asset markets was a group of tokens commonly associated with Bankman-Fried – because he either invested in them or was one of the biggest backers of the projects, or both. Colloquially, they have become known in crypto-market circles as the “ Sam coins .” FTT , the utility token of the FTX exchange, tumbled 90%, falling from $26 to about $1. This chart of the price of the FTT token shows just how swift and ruthless the sell-off was in November. (CoinDesk) The plunge began shortly after CoinDesk first reported on Nov. 2 that Alameda Research, a trading firm owned by Bankman-Fried, had a balance sheet chock full of the FTX exchange’s own tokens – perhaps the first clear indication of improper self-dealing and excessive risk-taking by the entrepreneur. According to the report, Alameda held $3.66 billion of “unlocked FTT” and a $2.16 billion pile of “FTT collateral” as the third-largest entry on the assets side of its accounting ledger. Serum ( SRM ), the native token of a decentralized exchange on the Bankman-Fried-championed Solana blockchain, fell 70% in November – the biggest loser for the month among the roughly 160 digital assets in the CoinDesk Market Index. Solana’s native token, SOL , dropped 58% for the month as the Alameda balance sheet also revealed holdings of $292 million of “unlocked SOL,” $863 million of “locked SOL” and $41 million of “SOL collateral.” The fear among traders was that Alameda (and other market players) might suddenly move to dump the tokens, further exacerbating the selling pressure. Story continues This chart shows November returns for select assets in the CoinDesk Market Index. (CMI) The market fallout inflicted widespread casualties on the industry. Sino Global Capital , one of Asia’s biggest and most well-known crypto investors and led by longtime crypto investor Matthew Graham, was closely allied with FTX and had invested in many of the “Sam coins.” According to the firm, its “direct exposure to FTX exchange was confined to mid-seven figures held in custody.” The firm has declined to quantify any losses related to indirect exposure, such as from holding the tokens that tumbled in value. A key tone shift in crypto markets during the month was just how dramatically they diverged from the path of traditional markets. Stocks shined as investors processed speculation that the Federal Reserve might slow the pace of interest rate hikes as soon as December. The S&P 500 is up 2.2% in November, while gold climbed 7.8%. November’s winners BAND, the native token of cross-chain data oracle platform Band Protocol, was the big leader in the CoinDesk Market Index, surging 57% during the month. The jump came as its mainnet successfully upgraded to its BandChain, increasing throughput by 10 times . Litecoin’s LTC token rallied 38%. The Litecoin blockchain is approaching its third mining-reward halving – a programmed code that will cut LTC's pace of supply expansion by 50%. These blockchain-supply halvings have historically bolstered cryptocurrency prices, analysts say. Decentralized exchange dYdX's native token ended in the green, up 0.7%. For most crypto traders, though, the November pain will likely be felt far more acutely than any spotty gains....
- 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.
|
23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32
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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:**
['Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining—an industry whose top players have been struggling to stay afloat.\nMining is the process by which Bitcoin users are financially incentivized to secure the blockchain. Miners use specialized, energy-intensive hardware to construct Bitcoin’s next block, for which they are rewarded with a fixed amount of Bitcoin—6.25 BTC as of this writing.\nAs Bitcoin’s market value decreases, so does the dollar-denominated revenues available to miners, thus weeding all but the most cost-efficient players out of the market. After Bitcoin’slatest pumpto $23,000, however, the average miner is once again able to operate at a profit.\n“This fundraise allows us to accelerate the year-over-year revenue growth we created with our 2021 Series B and continue to build infrastructure for the future Bitcoin economy,” explained Erik Svenson. Blockstream’s President & CFO, in apress release.\nThe prior $210 million raise took place in August 2021, alongsidecrypto’s biggest raisesin a time when the market was heading into its all-time high market capitalization of more than $3 trillion. That money was used to build mining facilities for hosting services, in which customers rent the company’s ASICs to earn Bitcoin from mining for a limited time. Tuesday’s raise will deploy capital for the same purpose.\nBitcoin Mining Is Booming Despite Market Headwinds\n“Demand for Blockstream’s hosting services remains high due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity,” stated the firm.\nBlockstream is one of the world’s largest mining operators, with 500 megawatts in its development pipeline. Rival firms like Core Scientific—one of the largest publicly traded miners in North America—filed for bankruptcy in December after dumping nearly all of its Bitcoin holdings and failing to pay down debt. Core Scientific now beinginvestigatedfor potentially committing securities fraud.\nIris Energy fell into a similar predicament, slashing its Bitcoin mining capacity in May to pay down its collateralized loans for mining hardware in November.\n“Recent events in the broader cryptocurrency industry underscore the value and importance of the work Blockstream is doing in both blockchain development and bitcoin mining,” concluded Blockstream.', 'Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining—an industry whose top players have been struggling to stay afloat. Mining is the process by which Bitcoin users are financially incentivized to secure the blockchain. Miners use specialized, energy-intensive hardware to construct Bitcoin’s next block, for which they are rewarded with a fixed amount of Bitcoin—6.25 BTC as of this writing. As Bitcoin’s market value decreases, so does the dollar-denominated revenues available to miners, thus weeding all but the most cost-efficient players out of the market. After Bitcoin’s latest pump to $23,000, however, the average miner is once again able to operate at a profit. “This fundraise allows us to accelerate the year-over-year revenue growth we created with our 2021 Series B and continue to build infrastructure for the future Bitcoin economy,” explained Erik Svenson. Blockstream’s President & CFO, in a press release . The prior $210 million raise took place in August 2021, alongside crypto’s biggest raises in a time when the market was heading into its all-time high market capitalization of more than $3 trillion. That money was used to build mining facilities for hosting services, in which customers rent the company’s ASICs to earn Bitcoin from mining for a limited time. Tuesday’s raise will deploy capital for the same purpose. Bitcoin Mining Is Booming Despite Market Headwinds “Demand for Blockstream’s hosting services remains high due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity,” stated the firm. Blockstream is one of the world’s largest mining operators, with 500 megawatts in its development pipeline. Rival firms like Core Scientific—one of the largest publicly traded miners in North America—filed for bankruptcy in December after dumping nearly all of its Bitcoin holdings and failing to pay down debt. Core Scientific now being investigated for potentially committing securities fraud. Iris Energy fell into a similar predicament, slashing its Bitcoin mining capacity in May to pay down its collateralized loans for mining hardware in November. “Recent events in the broader cryptocurrency industry underscore the value and importance of the work Blockstream is doing in both blockchain development and bitcoin mining,” concluded Blockstream. View comments', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a number under 50 indicates a contracting economy.\nSee related article:Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live\n• Bitcoin traded 1.3% lower at US$22,688 in the 24 hours to 8:45 a.m. in Hong Kong, but was still up 6.8% in the past calendar week. Ether fell 4.6% to US$1,555, losing 1.2% for the week, according todata from CoinMarketCap.\n• Polkadot fell 6.7% to change hands at US$6.15, the biggest drop on the top ten list. The token is still up 2.8% on the week.\n• Solana lost 5.7% to change hands at US$22.92, bringing weekly losses to 0.2%. Cardano slipped 5.7% to trade at US$0.35, though was still up 2.1% for the week.\n• The total crypto market capitalization over the 24 hours fell 2.2% to US$1.03 trillion, while trading volume dipped 6.4 % to US$52.7 billion.\n• In U.S. equity markets, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 Index lost 0.1%. The tech-heavy Nasdaq Composite Index closed the day down 0.3%.\n• Software giant Microsoft Corpreported better-than-expected earningsfor the December quarter, but the shares later fell 1.4% to US$238.75 as the company’s earnings guidance for the next quarter disappointed.\n• The composite Purchasing Manager’s Index (PMI) for January released on Tuesday showed private sector demand contracting, with companies highlighting subdued customer demand and inflation denting client spending.\n• Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow inflation. Fed members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points.\nSee related article:Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a number under 50 indicates a contracting economy. See related article: Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live Fast facts Bitcoin traded 1.3% lower at US$22,688 in the 24 hours to 8:45 a.m. in Hong Kong, but was still up 6.8% in the past calendar week. Ether fell 4.6% to US$1,555, losing 1.2% for the week, according to data from CoinMarketCap . Polkadot fell 6.7% to change hands at US$6.15, the biggest drop on the top ten list. The token is still up 2.8% on the week. Solana lost 5.7% to change hands at US$22.92, bringing weekly losses to 0.2%. Cardano slipped 5.7% to trade at US$0.35, though was still up 2.1% for the week. The total crypto market capitalization over the 24 hours fell 2.2% to US$1.03 trillion, while trading volume dipped 6.4 % to US$52.7 billion. In U.S. equity markets, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 Index lost 0.1%. The tech-heavy Nasdaq Composite Index closed the day down 0.3%. Software giant Microsoft Corp reported better-than-expected earnings for the December quarter, but the shares later fell 1.4% to US$238.75 as the company’s earnings guidance for the next quarter disappointed. The composite Purchasing Manager’s Index (PMI) for January released on Tuesday showed private sector demand contracting, with companies highlighting subdued customer demand and inflation denting client spending. Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow inflation. Fed members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points. See related article: Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a num
**Last 60 Days of Bitcoin's Closing Prices:**
[16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-25
**Financial & Commodity Data:**
- Gold Closing Price: $1941.20
- Crude Oil Closing Price: $80.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $437,683,127,294
- Hash Rate: 327010527.67509925
- Transaction Count: 306681.0
- Unique Addresses: 687864.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Removes extraneous word in para 3) Jan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)...
- Reddit Posts (Sample): [['u/NPCmillionaire', "Dead Internet Theory in the Matrix: Communication is impossible in this realm. Don't even know where to post or try to communicate online any more.", 31, '2023-01-25 00:07', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/', 'Don\'t even know if this is the right sub for this, and that is part of the problem. Aside from Reddit, there is virtually nowhere online to even begin to attempt to communicate with "real people". And on Reddit, all the topics are so splintered into groups and sub-groups that you almost feel like there is no where to post, especially since whoever these unpaid "mods" are who run all these different subs, somehow have the time to moderate all the time.\n\nMy working thesis about the nature of reality at the moment is a combination of sim/matrix/prison planet along with dead internet theory. I barely have "real" conversations online anymore, and that has been the case for years. And I\'m not just talking about woo/conspiracy topics, but on those it\'s obvious the bots are at work. Go on telegrams related to "flat earth" or "5D ascension" or "tartaria" and they are all reposting the same tired vax memes from years ago. I especially love the groups with 10k+ "people" and the only way to comment is on whatever posts some nameless channel owner posts, but not like there are any chats in the actual chat-based groups either.\n\nWhat\'s worse though, is there is nothing on "normie" shit anymore either. After giving up on searching in woo/conspiracy, I tried some of the most basic, stupid online things. Say looking up corporate promos/deals. I mean there are 500k+ people on the "churning" sub on here, which is just about dumb credit card points. Forgot the fact there are not even 5k people in the entire world on say "midlifecrisis". Anyway, joined two paid groups ($50 a month each), and each group had 500+ "people" and it was like I was talking to water. Even though I only joined the groups from reading a connected blog on an earlier corporate promo/cell phone deal I had gotten. I can give a novel on how stupid the experience overall was (including probably 10+ hours of "real world" driving and calling on the phone, etc.), but of course people in the group pretended they were able to move millions a year in money orders for the credit card point spread, year I was already wasting all my time just trying to get cell phones from a new carrier.\n\nIt\'s dumb anyway. That was probably a dumb aside, and I didn\'t give all the details and it\'s confusing to begin with. Anyway, something so basic, and it was like talking to static online trying to make sense of things. So of course there is no hope for a discussion of woo/conspiracy/the fundamental nature of reality.\n\nNot like "real people" are better. I can\'t even get people (other parents, cause I have kids so of course this is the only sort of people I have the opportunity to interact with) to acknowledge the most basic shit, say the economy isn\'t making sense. And not like you can have much convo beyond small talk even in a 2-3 hour time period if it\'s a "play date" or whatever. But of course the bots online will say, when asked where they go for information, where they "hang out" online, etc., that, oh, online is useless. They touch grass. They go to bars. They only talk to people online that they know IRL, etc.\n\nHonestly, the flip for me happened in 2018. At the time, I was in a crypto group that probably had a couple hundred million in paper assets. I didn\'t have that much, but given the people in there, many who were older than me, with more impressive real jobs, STEM PhDs, kids, etc., I thought at least a couple of them could make something, like a holding company or something since it made sense given the taxes, etc. Instead they did nothing and even though they are all still "there" they talk less and less, even though I know a lot of them are in the same spot as me, married with kids, not really working, a decent amount but not insane amount of money in the grand scheme. But they became more inactive during covid (even though they were all trapped at home). More inactive as BTC after the 2018+ bear went from $3k to $70k. It just feels unnatural. And I could give more details, but again this is already getting long.\n\nI don\'t even know what my point is. I keep posting variants of this post I guess just to see who is out there. I guess it\'s a numbers game to find the "real people" who are also on Reddit and have some other ideas. Hell, the last post group I did on here about how "the internet is designed to be useless" got me shadowbanned on Christmas. All that did is sort of support my position, but whatever. At least I was able to message the Reddit mod void and eventually get my account back.\n\nTyped this elsewhere on here just now. May as well make this longer...\n\nI never understand this "manifestation" talk and honestly half the time think it is bots, cause there is no way a "real" person would believe any of this after a certain age/point and also with enough experience in this reality.\n\nI am a multimillionaire without a job. I have family that I pay half of the week to come help and watch my kids. My wife doesn\'t work outside the home. I am completely unable to do or accomplish anything beyond survival and some minor distractions, so I don\'t know how it is expected for anyone who is just barely getting by to accomplish anything.\n\nEven if I was single and childless, about the only thing I could do more would be to move overseas to a lower cost of living area and "bind" the life/time of other humans (be they NPC or otherwise) as paid assistants, cleaners, escorts, whatever.\n\nGetting to my position is part of the matrix. I was allowed to get where I am via crypto/online and just enough money to not do anything, but also not enough money to do anything all that much (if that makes sense). I\'m too old and disillusioned to benefit from making irl connections in elite undergrad/grad school, and the ones I went to were crappy places anyway where there was no benefit IRL really (aside from in hindsight showing me aspects of the matrix). So all there is for me to do is produce a very specific type of loosh that I hope some archon is getting a real hard-on over, cause otherwise it seems pointless that I can\'t even have a halfway decent convo about anything anymore online it seems.', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/', '10kj893', [['u/Space_ghostA1', 24, '2023-01-25 00:39', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/j5r32g3/', 'Maybe the world ended and all that’s left is static, your post even seems like a bunch of static', '10kj893'], ['u/PeterR110', 55, '2023-01-25 02:46', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/j5rl1co/', 'I think OP is a bot.', '10kj893']]], ['u/Solid_Competition354', 'Best place to find opinions against Bitcoin?', 12, '2023-01-25 01:19', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/', ' I believe I have become a "maxi". Where would I find good arguments against Bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/', '10kkwrm', [['u/duper12677', 20, '2023-01-25 01:45', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/j5rclyk/', 'Buttcoin. Tell them you are a maxi and you will have 87 downvotes in less than an hour. They are hilarious on how much time they will waste on something they don’t believe in. I got banned for merely telling them this', '10kkwrm']]], ['u/Vaka_Production', 'Neighbor get scammed, I tried to warn him, he dont believe me', 78, '2023-01-25 04:36', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/', 'My neighbor gets scammed by some shady banker, sadly he believes him blind and call whit him everyday to "check the status of his funds".\n\nStarted last summer whit some shady story about an investment funds where his savings where and because of bitcoin and Shiba Inu turned into a fortune. Since then he sends everyweek several hundred $ in Itunes Gift Card to him "because" his papers for his investment funds has to be renovated so the compliance has no problem whit the origin of his funds, because the platin atm card was stolen by fedex, because the fedex agend was a spy from the government who stole the card, because he need all 18 iban letters for e banking, because, because, because\n\nThis goes since months and i tried to tell him thats a scam....he dont believe me.\nShould i try it again', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/', '10kp0vp', [['u/Aunty_Fascist', 72, '2023-01-25 04:40', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s0bm5/', "It's a basic !crypto scam but you can't convince someone who doesn't want to hear what you have to say. He'll figure it out eventually. Hopefully he won't be entirely broke by then.", '10kp0vp'], ['u/Vaka_Production', 21, '2023-01-25 04:44', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s0toh/', ">Hopefully he won't be entirely broke by then.\n\nOh dear, this sentence will age like wine, I am very sure, if not I swallow a full bottle of castor oil and camp on the toilet without complaining.", '10kp0vp'], ['u/HaoieZ', 18, '2023-01-25 04:47', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s15nl/', "You can lead a horse to water, my friend. \n\n​\n\nIf he won't listen, that's not on you...
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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23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Massachusetts Senator Elizabeth Warren had strong words for the crypto industry on Wednesday, calling on the U.S. Securities and Exchange Commission to do more to fight crypto fraud. In prepared remarksdeliveredbefore the American Economic Liberties Project, Warren said industry players are “scared of a strong SEC."\n“The SEC has brought enforcement actions against celebrity cryptopromotersfor not disclosing their compensation to the public. It has gone after the employees at exchanges like Coinbase forinsider trading. It has charged crypto crooks for defrauding ordinary investors out of millions of dollars,” Warren said—adding that the agency is just getting started.\nVarious U.S. agencies have waded into the waters of crypto along with the SEC, including the Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Federal Deposit Insurance Corporation (FDIC), and Department of Justice (DOJ)—not to mention a multitude of State agencies.\nWhile some in the crypto industry would prefer to deal with theCFTC, Warren said she believes the SEC and its chair Gary Gensler are best suited for the job. She also praised the agency forblockingBitcoin exchange-traded funds (ETFs) from hitting the market.\nSEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner\n“The commission has been loud and clear that crypto doesn’t get a pass for long-standing security laws that protect investors and ensure the integrity of our financial markets,” Warren said. “This is the right approach—the SEC has the right rules, and the right experience, and Gary Gensler is demonstrating that he is the right leader to get the job done.”\nWhile Warren sings Gensler’s praises, there are many in the space and even among Senator Warren’s colleagues inCongresswho question Gensler’s ability to do his job. The chairman has been accused of going easy on Sam Bankman-Fried and FTX and for what many call regulation by enforcement, arbitrarily picking and choosing who to go after and driving some firmsout of business.\n“The SEC needs to do even more and use the full force of its regulatory powers across the entirety of the crypto market,” Warren said, adding that Congress needs to shore up the agency with new resources and authority to ensure it can take on the industry at full strength.\nWarren pointed to the collapse of several crypto companies, includingCelsius,FTX,Voyager Digital, andThree Arrow Capital, in 2022 as another reason why the SEC and broader regulation are necessary.\nSenator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX\nWarren also called upon environmental agencies to go after crypto miners, who she accused of driving up energy costs and polluting the environment. The environmental impact of mining cryptocurrency has long been an issue that regulators cite in calls to ban cryptocurrency.\nWarren blamed regulators under the administration of former President Donald Trump for giving the premature green light to a crypto market that she called “full of junk tokens and unregistered securities, rug poles and Ponzi schemes, pump and dumps, money laundering, and sanctions evasion.”\n“The consequences of Trump’s regulator’s weakness were no surprise—by 2017, nearly 80% of allinitial coin offeringsare scams," she said. "The following year, investors lost about $9 million each day to crypto scams."\nSanta\'s Crypto \'Naughty\' List 2022\nWarren applauded the SEC’s actions against companies offering “dangerous and unregulated crypto lending products,” pointing to the recently bankrupt firm,BlockFi.\nShe also accused “crypto-friendly” banks like Silvergate of opening the banking system up to the greater risk of “crypto collapse,” which she says will leave the American taxpayers holding the bag.\n“It’s the bank regulators’ job to insulate the banking system and taxpayers from the risk of crypto fraud,” she said. “They have the tools, and they need to use them.”\nIn December, Senator Warren took aim atself-custody wallets, co-signing a bill called the Digital Asset Anti-Money Laundering Act with fellow-U.S. Senator Roger Marshall. The proposed legislation would place know-your-customer (KYC) requirements on blockchain infrastructure providers and participants operating in the United States. This requirement would extend to developers of decentralized networks, miners, and validators.\nWarren\'s remarks prefaced a virtual panel discussion titled, "Confronting the Crypto Challenge: Learning From a Meltdown."', 'Massachusetts Senator Elizabeth Warren had strong words for the crypto industry on Wednesday, calling on the U.S. Securities and Exchange Commission to do more to fight crypto fraud. In prepared remarks delivered before the American Economic Liberties Project, Warren said industry players are “scared of a strong SEC." “The SEC has brought enforcement actions against celebrity crypto promoters for not disclosing their compensation to the public. It has gone after the employees at exchanges like Coinbase for insider trading . It has charged crypto crooks for defrauding ordinary investors out of millions of dollars,” Warren said—adding that the agency is just getting started. 1:30PM: We\'ll kick off an event with @RealBankReform and @SenWarren to examine the rise and fall of the crypto industry -- and what it means for policymakers. RSVP here. You won\'t want to miss it. https://t.co/nj8xsJbPur pic.twitter.com/A1saROKeZU — American Economic Liberties Project (@econliberties) January 25, 2023 Various U.S. agencies have waded into the waters of crypto along with the SEC, including the Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Federal Deposit Insurance Corporation (FDIC), and Department of Justice (DOJ)—not to mention a multitude of State agencies. While some in the crypto industry would prefer to deal with the CFTC , Warren said she believes the SEC and its chair Gary Gensler are best suited for the job. She also praised the agency for blocking Bitcoin exchange-traded funds (ETFs) from hitting the market. SEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner Story continues “The commission has been loud and clear that crypto doesn’t get a pass for long-standing security laws that protect investors and ensure the integrity of our financial markets,” Warren said. “This is the right approach—the SEC has the right rules, and the right experience, and Gary Gensler is demonstrating that he is the right leader to get the job done.” While Warren sings Gensler’s praises, there are many in the space and even among Senator Warren’s colleagues in Congress who question Gensler’s ability to do his job. The chairman has been accused of going easy on Sam Bankman-Fried and FTX and for what many call regulation by enforcement, arbitrarily picking and choosing who to go after and driving some firms out of business . “The SEC needs to do even more and use the full force of its regulatory powers across the entirety of the crypto market,” Warren said, adding that Congress needs to shore up the agency with new resources and authority to ensure it can take on the industry at full strength. Warren pointed to the collapse of several crypto companies, including Celsius , FTX , Voyager Digita l, and Three Arrow Capital , in 2022 as another reason why the SEC and broader regulation are necessary. Senator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX Warren also called upon environmental agencies to go after crypto miners, who she accused of driving up energy costs and polluting the environment. The environmental impact of mining cryptocurrency has long been an issue that regulators cite in calls to ban cryptocurrency. Warren blamed regulators under the administration of former President Donald Trump for giving the premature green light to a crypto market that she called “full of junk tokens and unregistered securities, rug poles and Ponzi schemes, pump and dumps, money laundering, and sanctions evasion.” “The consequences of Trump’s regulator’s weakness were no surprise—by 2017, nearly 80% of all initial coin offerings are scams," she said. "The following year, investors lost about $9 million each day to crypto scams." Santa\'s Crypto \'Naughty\' List 2022 Warren applauded the SEC’s actions against companies offering “dangerous and unregulated crypto lending products,” pointing to the recently bankrupt firm, BlockFi . She also accused “crypto-friendly” banks like Silvergate of opening the banking system up to the greater risk of “crypto collapse,” which she says will leave the American taxpayers holding the bag. “It’s the bank regulators’ job to insulate the banking system and taxpayers from the risk of crypto fraud,” she said. “They have the tools, and they need to use them.” In December, Senator Warren took aim at self-custody wallets , co-signing a bill called the Digital Asset Anti-Money Laundering Act with fellow-U.S. Senator Roger Marshall. The proposed legislation would place know-your-customer (KYC) requirements on blockchain infrastructure providers and participants operating in the United States. This requirement would extend to developers of decentralized networks, miners, and validators. Warren\'s remarks prefaced a virtual panel discussion titled, "Confronting the Crypto Challenge: Learning From a Meltdown."', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin regains lost ground to trade over $23K again.\nInsights:Laguna Labs CEO Stefan Rust wrote in a CoinDesk Q&A that the Genesis Chapter 11 bankruptcy filing prompted a "sigh of relief" among many in the crypto industry, and that bitcoin\'s short-term price prospects depend on the size of the next Fed interest rate hike.\nCoinDesk Market Index (CMI)\n1,094.26\n+48.9▲4.7%\nBitcoin (BTC)\n$23,180\n+694.7▲3.1%\nEthereum (ETH)\n$1,618\n+82.8▲5.4%\nS&P 500 daily close\n4,016.22\n−0.7▼0.0%\nGold\n$1,946\n+11.9▲0.6%\nTreasury Yield 10 Years\n3.46%\n▼0.0\nBTC/ETH prices perCoinDesk In
**Last 60 Days of Bitcoin's Closing Prices:**
[16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-26
**Financial & Commodity Data:**
- Gold Closing Price: $1929.10
- Crude Oil Closing Price: $81.01
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,249,365,725
- Hash Rate: 289637895.9408021
- Transaction Count: 296263.0
- Unique Addresses: 669489.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Dec 12 (Reuters) - Most big banks and investment managers expect the cryptocurrency market to pick up in 2023 after a brutal year that saw bitcoin sink around 75% from its all-time high in November last year. The collapse of cryptocurrency exchange FTX - the latest in a series of liquidity squeezes and bankruptcy filings that have shaken investors - has underscored the need for more regulations in the highly speculative sector. Ethereum and projects focused on real world functionalities and utility are expected to drive the next leg of growth. While bitcoin may still test a potential low of $10,000-$12,000, it could recover to $30,000 in the second half of 2023, according to Matthew Sigel, VanEck's head of digital assets research. Bitcoin had hit an all-time high of $69,000 in November 2021. Following are some comments from banks and investment managers: MARION LABOURE, RESEARCH ANALYST, DEUTSCHE BANK: "Although investors have suffered significant losses, we believe this second 'crypto winter' will be a net positive because the FTX collapse will edge the crypto ecosystem closer to the established financial sector." "The FTX crash spotlighted well-known structural issues in the crypto ecosystem: insufficient reserves, conflict of interest, a lack of regulation and transparency, and unreliable data." "Market concentration (in crypto exchanges) is greater than ever, with Binance being the biggest winner." "Crypto does not yet pose a systemic contagion threat to traditional assets." J.P.MORGAN: "We believe that the Ethereum Merge and really the Ethereum Surge could be a big factor in terms of increasing the use-cases for blockchain into new areas, including financial services," analysts said in an early December note. The Ethereum Merge was a major software upgrade to the Ethereum blockchain that went live in September and reduced its energy usage by 99.95%, according to developers. The Surge, another anticipated upgrade, is seen reducing costs to make the ethereum network safer and process transactions faster. Story continues "We continue to see the Ethereum Surge as a catalyst for development in the cryptocurrency markets, which appears at least 6-12 months away." BOFA: "An increased urgency for regulation may enable greater institutional engagement, and a shift in focus and capital from speculative trading to projects with real-world functionality, and companies with roadmaps to profitability may accelerate industry maturity," analysts said in a note. "Our view is that we remain in the first innings of a major change in applications that will take place over the next 30 years." GOLDMAN SACHS: "While the FTX crisis appears to be peaking, asymmetrical responses of mining to prices may weaken the market headwind: now less sensitive to the downside while more to the upside," economists said in a note. "From the China crackdown to the several price crashes in earlier 2022, crypto mining has shown an approximately 1-to-1 price-power relationship. Along with the Ethereum Merge, this elasticity tends to shrink on the negative side while expanding on the positive side: most recently, the 6% price rebound in early-September was followed by a 19% Bitcoin power demand rebound in early-October (more than 1-to-3)." "Still too short history to verify the change, but we could see the possibility of some immunity to the current price crash in the middle of the FTX crisis and to potential stricter scrutiny from regulators in the coming months." UBS: "BTC and ETH futures volumes and open interest ... now seem to be stabilizing. This coincides with implied volatilities falling back in line with realized," strategists said a note. "Normalization is evident from the fact that outflows from centralised exchanges have eased. And the wrapped bitcoin (wBTC) discount has largely reverted after widening to as much as 1.5%." As with most other banks, UBS is pessimistic regarding the near-term future. "Regulation looms to the extent that we don't see any near-term positive catalyst for a strong recovery." MATTHEW SIGEL, HEAD OF DIGITAL ASSETS RESEARCH, VANECK: "With bitcoin mining largely unprofitable given recent higher electricity prices and lower Bitcoin prices, we predict that many miners will restructure or merge as they look for fresh capital." They added that an end to the war in Ukraine might reverse some of the policies aimed at curbing inflation and make Bitcoin mining more politically palatable. "Institutions will employ blockchains to simplify custody and settlement, while reducing costs for customers." "Our predicted winners are Ethereum, Polygon, Avalanche, Polkadot and Cosmos." "With persistent inflation and a young population, Latin America is seeing the fastest crypto and stablecoin adoption in the world. Tokenization of sovereign debt may begin in Brazil first." "Twitter will bolster its payment offerings with state money licenses, competing more directly with Venmo & Cash App and possibly integrating crypto." ERIC ROBERTSEN, GLOBAL HEAD OF RESEARCH, STANDARD CHARTERED: In their "surprise" scenario for 2023, Standard Chartered forecasts Bitcoin falling to $5,000 if the current collapse spreads. TOM NORWOOD, CO-FOUNDER AND CEO, LOOP MARKETS: "Demand for bitcoin should continue to grow regardless of market conditions as it is still better than most currencies in that it at least has a good chance of going up eventually, whereas most currencies are just going to depreciate over time." Norwood expects the crypto market to pick up in about six months. "I think that's going to have to come from real world adoption by retail users who are not buying crypto to gamble on new tokens, but rather who need to exit their local Fiat currency." (Reporting by Susan Mathew and Bansari Mayur Kamdar in Bengaluru; Editing by Saumyadeb Chakrabarty)...
- Reddit Posts (Sample): [['u/Science_421', 'Bitcoin is NOT a technology. It is an attempt to peddle the Gold Standard.', 116, '2023-01-26 01:40', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/', 'If you want to understand the motivation behind Bitcoin you should skip the “Blockchain” “decentralized” Blah Blah Blah. \n\nBitcoin was started by Libertarian Gold Bugs that wanted an Electronic version of Gold Coins for the internet. \n\nIt annoys me that News Reports and Debates about Bitcoin never focus on the failures of a Gold Standard. They just treat Bitcoin as some “amazing” technology. Economists dismiss the Gold Standard Fanatics as Ignorant.', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/', '10let0n', [['u/Potential-Coat-7233', 58, '2023-01-26 01:58', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5wexn0/', 'Bitcoin is whatever it needs to be to “win” the argument at hand.', '10let0n'], ['u/Studstill', 18, '2023-01-26 04:52', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5x3iys/', 'Few.', '10let0n'], ['u/stormdelta', 23, '2023-01-26 06:12', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xcrna/', 'Yep, and it relies on the same revisionist history of scapegoating every economic failure in history on monetary policy / dropping the gold standard.', '10let0n'], ['u/Alternative-Lion1336', 12, '2023-01-26 07:18', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xj95h/', 'Early', '10let0n'], ['u/entered_bubble_50', 12, '2023-01-26 09:07', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xs82o/', '\n>There is no incentive at the top to onboard or adopt a system that can\'t be used to re-allocate vast wealth through policy.\n\nA yes, Bitcoin, the saviour of the working class. Where the vast majority of the wealth is stored between a few dozen scammers. \n\nAnd I\'m sorry, but "can\'t be reallocated through policy." Do you think the price is actually organic, and not heavily manipulated by the exchanges for their benefit?', '10let0n'], ['u/luitzenh', 12, '2023-01-26 10:02', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xw846/', 'Random capitalisation makes your text hard to read.', '10let0n']]], ['u/bootyholesareweird', 'I bought my first bitcoin cash last week!', 23, '2023-01-26 02:54', 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/', "I'm a student and I received an incentive last week and bought my first bitcoin cash. I started buying crypto when I can last 2021, not a great year for crypto newbies but I will just wait for the next bull market! I always but every semester when I receive incentives which is 12$ or 20$ (500 or 1000 pesos). Next sem, I will buy another coin. My crypto wallet is not that big but it is better than having nothing. My goal is me and my parents to retire early so I shoul have many source of income in the present and in the future.\n\nAny suggestions for my next coin? If it's allowed.", 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/', '10lgd4j', [['u/moleccc', 10, '2023-01-26 10:21', 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/j5xxkin/', "You're looking for a diverse portfolio?\n\nProbably would include some Monero (XMR), but really, concentrate on (or give more weight to) BCH.\n\nDon't fall into any of the many DeFi/yield traps.\n\nu/chaintip $5", '10lgd4j']]], ['u/rightthenwatson', "Has anyone ever compared Patsy's 911 call to other 911 calls from parents of kidnap victims?", 150, '2023-01-26 04:13', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/', 'Every couple of years I go down this rabbit hole. This time, I can\'t stop thinking about how unusual Patsy\'s words are \n\n"There\'s been a kidnapping"\n\n"I\'m the mother" \n\n•Not "My daughter\'s been kidnapped?\' or "Someone took my daughter/child"?\n\n"There\'s a ransom note. It says SBTC VICTORY" \n\n•Nothing about it saying the took your kid? Threat of death? That\'s not what 911 needs to know?\n\n\nI think she chose really unusual things to isolate, and I\'m just curious how it lines up to calls made to report other kidnappings. Do parents of (IMO Legitimate kidnappings) also speak in an almost fragmented way? \n\n\n\n\n(To establish a base here, I am in the \'Burke did it\' boat, and believe every step, even the continued interviews, etc., are just red herrings.)', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/', '10lhyki', [['u/GeniusBtch', 42, '2023-01-26 04:18', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5wz496/', 'My biggest issue is that she sounded more "Colorado" than "West Virginia" which was odd because as anyone knows a person with any type of accent in a panic gets more accented in the way they were as a child... not less. (You will notice this particularly with southerners when they get together and drink especially but also when they are freaking out over something.) If you listen to it carefully you may see what I mean. It was clearly rehearsed to make her sound like she was panicked but in the wrong way. Like she jumped up and down in place to sound out of breath instead of actually running and being out of breath etc...', '10lhyki'], ['u/rightthenwatson', 32, '2023-01-26 04:22', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5wzr1h/', "I never even thought of the accent part and that's a great observation.\n\nAnd yes, she is very breathy, but not like a hyperventilating, panicking way.", '10lhyki'], ['u/Hopeful-Confusion599', 70, '2023-01-26 04:33', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x16zt/', 'To be fair, when she said “SBTC VICTORY” it was because the operator asked who signed the note, but everything else you listed was all Patsy. \n\nI usually try not to place a lot of stock in 911 calls since everyone acts differently in those moments and they can be a very hectic time. But if I DID place stock in this call… it doesn’t win Patsy any points. \n\nShe didn’t say JonBenet’s name once. The part that always gets me, and maybe I’m the only one, is that long pause after she says “SBTC Victory” with the labored breathing. It was almost like she was waiting to hear what the operator thought about it.', '10lhyki'], ['u/Candid_Post_4255', 16, '2023-01-26 04:45', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x2p6e/', 'And that she said she didn’t read through the whole note…but came up with the signature', '10lhyki'], ['u/ArmChairDetective84', 38, '2023-01-26 05:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5e2w/', 'I have never thought about it in terms of comparing it to other 911 calls - but I’ve always thought the “ there’s been a kidnapping thing was weird too. I definitely would have probably read the entire thing & TBH I think if I was a wealthy person and my child was kidnapped that I would be tempted to just get the damn money and pay because the cops have screwed up so many of those kinds of cases. I would have stressed the part of the note about them watching the house and to not send a uniformed police officer or a marked cruiser to the house . I would have searched that house high and low before I called 911 though because the note is so ridiculous that I would probably think “this is some kind of sick joke “ . But the most WEIRD part of their actions that AM was Patsy and John not waking Burke up- then when ppl brought up how they thought that was strange he suddenly remembered Patsy “running into his room screaming “…I would be stuck to my remaining child like glue if my other had just been kidnapped right out from under my nose', '10lhyki'], ['u/Senior_Physics_5030', 121, '2023-01-26 05:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5es3/', 'I always found it odd that Patsy never said JBR’s name, but was sure to say, “Six years old… She’s BLONDE.”', '10lhyki'], ['u/ArmChairDetective84', 21, '2023-01-26 05:09', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5m7w/', 'TBF ( I am BDI team) she could have just looked at the end of the note..she wouldn’t have had to read the whole note to know who or what signed it .', '10lhyki'], ['u/rightthenwatson', 49, '2023-01-26 05:11', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5utp/', "Right? I think it's weird too. I don't know what I expect a parent would say, but blurting out her hair color before her name even?", '10lhyki'], ['u/aajniojnoihnoi', 16, '2023-01-26 05:15', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6eav/', 'Patsy had a very good memory that morning to remember who sign the 3 page ransom note she did not read.', '10lhyki'], ['u/rightthenwatson', 30, '2023-01-26 05:16', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6fye/', "Exactly.\n\nI would want my child awake, alert, check them for signs of harm, ask if they saw anyone, ask if they were threatened, keep them close, make sure they're okay and protect them from everything possible. \n\nI tru...
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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23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67
|
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. Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, which the agency says had targeted hospitals, schools, and banking in over 80 countries.\n“Last night, the Justice Department dismantled an international ransomware network responsible for extorting and attempting to extort hundreds of millions of dollars from victims in the United States and around the world,” U.S. Attorney General Merrick B. Garland said in astatement.\nSince June 2021, the Justice Department says, the group has targeted more than 1,500 victims worldwide and received over $100 million in cryptocurrency ransom payments. The DOJ says the FBI’s operation to penetrate Hive’s network began in July 2022 and was able to provide over 1,300 decryption keys to help victims recover their data and systems—including critical infrastructure one.\nThe agency says the operation was coordinated with German and Dutch law enforcement, seizing control of the servers and websites used by Hive.\nFBI Says Crypto Payments Are a 'Huge Challenge' Amid Rise in Ransomware Attacks\nRansomware is software that can lock a computer and demand a ransom to restore access. While any device connected to the internet could potentially be a victim of ransomware,phishingattacks are generally the primary attack vector.\nAccording to the agency, Hive typically targets a victim by stealing sensitive data (emails, documents, pictures, and videos) and then encrypting their computer files. The group would then demand a ransom in Bitcoin for the decryption key necessary to restore the files and extort additional funds in exchange for a promise not to publish the stolen data on the dark web. If the victim did not pay, Hive would publish the stolen data.\nBlockchain forensic firm Chainalysis recentlyreportedthe revenue from ransomware attacks has decreased by 40%, going from $766 million in 2021 to $457 million in 2022. The firm attributed the drop in ransomware payments to victims’ increasing unwillingness to pay and an increase in cybersecurity awareness,callingthe takedown of Hive a victory for cryptocurrency, law enforcement, and national security.\n“Cybercrime is a constantly evolving threat,” Garland said. “But as I have said before, the Justice Department will spare no resource to identify and bring to justice, anyone, anywhere, who targets the United States with a ransomware attack.”", "The U.S. Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, which the agency says had targeted hospitals, schools, and banking in over 80 countries. \x93Last night, the Justice Department dismantled an international ransomware network responsible for extorting and attempting to extort hundreds of millions of dollars from victims in the United States and around the world,\x94 U.S. Attorney General Merrick B. Garland said in a statement . Since June 2021, the Justice Department says, the group has targeted more than 1,500 victims worldwide and received over $100 million in cryptocurrency ransom payments. The DOJ says the FBI\x92s operation to penetrate Hive\x92s network began in July 2022 and was able to provide over 1,300 decryption keys to help victims recover their data and systems\x97including critical infrastructure one. The agency says the operation was coordinated with German and Dutch law enforcement, seizing control of the servers and websites used by Hive. FBI Says Crypto Payments Are a 'Huge Challenge' Amid Rise in Ransomware Attacks Ransomware is software that can lock a computer and demand a ransom to restore access. While any device connected to the internet could potentially be a victim of ransomware, phishing attacks are generally the primary attack vector. According to the agency, Hive typically targets a victim by stealing sensitive data (emails, documents, pictures, and videos) and then encrypting their computer files. The group would then demand a ransom in Bitcoin for the decryption key necessary to restore the files and extort additional funds in exchange for a promise not to publish the stolen data on the dark web. If the victim did not pay, Hive would publish the stolen data. Congratulations to @TheJusticeDept and @Europol on the disruption of Hive ransomware. Learn why today\x92s shutdown is great news not just for the #crypto and cybersecurity communities, but for businesses around the world. https://t.co/nq4u2vUPBO https://t.co/vEiEiklYP6 \x97 Chainalysis (@chainalysis) January 26, 2023 Blockchain forensic firm Chainalysis recently reported the revenue from ransomware attacks has decreased by 40%, going from $766 million in 2021 to $457 million in 2022. The firm attributed the drop in ransomware payments to victims\x92 increasing unwillingness to pay and an increase in cybersecurity awareness, calling the takedown of Hive a victory for cryptocurrency, law enforcement, and national security. \x93Cybercrime is a constantly evolving threat,\x94 Garland said. \x93But as I have said before, the Justice Department will spare no resource to identify and bring to justice, anyone, anywhere, who targets the United States with a ransomware attack.\x94", 'Good morning. Here’s what’s happening:\nPrices:GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data.\nInsights:Litecoin has operated largely out of the spotlight, even as its price has held up better than other cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,078.95\n−14.7▼1.3%\nBitcoin (BTC)\n$22,892\n−322.5▼1.4%\nEthereum (ETH)\n$1,582\n−41.5▼2.6%\nS&P 500 daily close\n4,060.43\n+44.2▲1.1%\nGold\n$1,931\n−10.1▼0.5%\nTreasury Yield 10 Years\n3.49%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Remains Unimpressed by Latest GDP, Jobs Data\nBy James Rubin\nBitcoin was unimpressed by the latest U.S. gross domestic product (GDP) data, an unexpectedly small jump that suggested the economy was cooling, and jobless claims that indicated it was not.\nThe largest cryptocurrency by market capitalization was recently trading a little below its most recent $23,000 support line, down 1.4% over the past 24 hours. Still Bitcoin\'s more than 35% rise this year remains a feel-good story, even if analysts remain wary about its short-term prospects, along with those of other cryptos still reeling from the industry misdeeds of 2022.\n"An uptick in volume in conjunction with higher prices is generally a bullish sign," CoinDesk Crypto Markets Analyst Glenn Williams wrote in his weekday column. "Flat prices however, signal that bullish and bearish investors are both actively expressing their market views."\nEther followed a similar slightly reddish path to trade just below its current $1,600 support. Other major cryptos sank more deeply with layer 1 network Aptos Network\'s APT token recently plunging nearly 5% to lose some of the ample ground it gained earlier this week. APT was changing hands comfortably over $17, far removed from its levels around $3.50 at the start of the year. Ethereum scaling tool Polygon\'s MATIC token was the exception to Thursday\'s price trend, recently rising more than 7%. MATICis upabout 45% in 2023 amida spikein daily transactions. The Polygon platform has the second-largest number ofdaily active users (DAU), according to data from Token Terminal.\nTheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 1%.\nEquity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts.\nThe 2.5% rise in GDP and an unexpected decline in jobless claims on Thursday had little impact on the current investment environment, which turned cautiously hopeful that inflation will continue waning without the economy falling into deep recession. That combination would likely enable the U.S. central bank to ratchet back the size of its next interest rate hike next week.\nIn an interview on CoinDesk TV\'s "First Mover" program, Jason Pagoulatos, markets associate at research group Delphi Digital, said that he didn\'t think the latest GDP would have a great affect on crypto markets. Pagoulatos said that instead, investors were eyeing the Federal Reserve\'s upcoming interest rate decision, although more for accompanying comments than whether Fed governors raise interest rates by 25 or 50 basis points.\n"The market knows that the rate hikes are going continue but at a slower pace until they reach whatever their terminal rate is," he said. "The main question is that people are trying to get clarity over is how long and then what that ultimately means for things that are still showing signs of strength like the labor market."\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+7.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.0%", "DACS Sector": "Computing"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.1%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22124.0%", "DACS Sector": "Smart Contract Platform"}]\nLitecoin Forges Onward\nBy Sam Reynolds\nForgotten in the carnage of 2022, where new, fancy, layer 1 protocols had their price and total value locked (TVL) d
**Last 60 Days of Bitcoin's Closing Prices:**
[16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-27
**Financial & Commodity Data:**
- Gold Closing Price: $1928.60
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $442,438,113,250
- Hash Rate: 287769264.3540873
- Transaction Count: 303179.0
- Unique Addresses: 699439.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: National Grid has narrowly avoided activating its emergency blackout plan for the first time this winter as low wind speeds and nuclear outages push supply closer to the danger zone.
The company in charge of keeping the lights on saidon Monday morningthat it may need to pay households to switch appliances off during tea-time on Tuesday evening because of a looming power crunch.
By Monday afternoon it said the unprecedented action would not be necessary after surging power prices in the UK helped pull supply from the continent.
However, the tightness of the market at this stage in the year raises questions over market resilience. The electricity network has traditionally smoothed out peaks and troughs in demand with gas and coal but Britain’s power supplies increasingly depend on intermittent wind speeds as the West shifts away from fossil fuels and Russia chokes off gas supplies to Europe.
There have been fears aboutblackouts this winterdue to the loss of Russian fuel, as well as outages on France’s nuclear fleet, which has traditionally supplied power to the UK in times of need.
In October, National Grid warned of theprospect of rolling blackoutsin the UK if gas-fired power plants cannot get enough fuel to run and the UK cannot import power from the continent.
In response, the Grid set up its so-called “demand flexibility scheme” under which it will pay households to curb demand at peak times.
Households will need to have signed up with their supplier beforehand to get payments of £3 per kilowatt-hour of electricity saved - potentially yielding up to £20 per day if they cut their typical energy usage.
Monday’s notice that the scheme may be called upon is the first time it has been seriously considered.
This week’s problems are not as a result of gas shortages. Instead, National Grid was faced with forecasts of colder weather on top of low wind speeds on Tuesday evening, as well as lower output from both the French and UK nuclear fleet, which ware both owned by EDF.
Several of France’snuclear stations are offline due to maintenance or corrosion problems, which affects the UK’s power supplies as France has less to export and also needs imports.
Cold weather in France creates a particular pull on electricity supplies as so many of their homes are heated with electric heaters, rather than gas-fired boilers.
Meanwhile, two large ageing nuclear power stations in the UK have shut down this year and two reactors are down for maintenance, one for longer than planned.
Wind speeds in the UK were particularly low on Monday and are expected to increase on Tuesday, but will still be below seasonal averages.
National Grid ultimately decided it did not need to enlist households to curb demand after Britain secured enough orders for tomorrow evening from France, which in turn is importing more power from elsewhere.
Phil Hewitt, director at market specialist EnAppSys, said: “[France] is taking power from Spain, Germany, a bit from Switzerland and some from Belgium, and they are sending it across the cables to us.
“They’re actually scheduled to import power from Italy, which is very rare. So power from Europe is going to route through France and into Britain.”
This has been managed through high prices in Britain, however. Prices in Britain for tomorrow’s peak are £1,066.47-£1,205.70 per megawatt hour, compared to £418.89 per megawatt hour in France, Belgium and Holland.
Mr Hewitt believes it is now highly likely that, before winter is over, National Grid will need to use its new scheme under which households are paid to curb demand at peak times.
Elon Musk has accused tech giant Apple of pulling advertising from the social network and threatening to block the Twitter app.
The Telsa chief executive launched a Twitter tirade against Apple and its chief executive Tim Cook, pitting the world’s richest man against the world’s most valuable company.
Mr Musk said: “Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?”
He added: “Apple has also threatened to withhold Twitter from its App Store, but won’t tell us why.”
Earlier this month Phil Schiller, Apple’s top marketing executive, deleted his Twitter account, although Mr Cook continues to post regularly.
Read the full story here
Facebook’s parent company has been fined €265m (£229m) by Ireland’s data privacy watchdog after more than half a billion people’s personal details were leaked by a hacker who targeted the website,Gareth Corfieldreports.A penalty notice handed down by the Irish Data Protection Commission (DPC) to Meta imposed the fine alongside “a range of corrective measures”.The penalty follows a breach that saw personal details of 533m Facebook users posted on a hacker forum last April. Phone numbers, full names, locations, email addresses, and other personal information were included in the data dump.
The stolen Facebook data is thought to have been scraped in 2019 by unidentified hackers who exploited a security loophole in the social network’s systems. Scraping refers to automated reading and saving of data from servers. Typically such activity is against the rules of social media websites.In a statement a Meta spokesman said the company had “cooperated fully” with authorities, adding: “We made changes to our systems during the time in question, including removing the ability to scrape our features in this way using phone numbers.The company said it was “reviewing” the DPC’s judgement “carefully.”
A DPC spokesman said: “There was a comprehensive inquiry process, including cooperation with all of the other data protection supervisory authorities within the EU.”
Spending on sales day Cyber Monday is predicted to top $11.6bn in the US this year, according to analytics company Adobe, an increase of 8.5pc on the previous year.
Shoppers have put off big ticket purchases amid a squeeze on consumer spending thanks to rising inflation, but Adobe predicted the promise of deep discounts could tempt shoppers into bargain hunting ahead of Christmas.
Football fans will make a total of $35bn worth of wagers on the World Cup, a 65pc increase on the previous tournament.
The pandemic led to a surge in the popularity of online gambling, analysts at Barclays said, who predicted a boost in profits at bookmakers including Entain, which owns Ladbrokes, and Paddy Power owner Flutter.
Barclays said the timing of the World Cup, which is taking place in winter for the first time, has helped boost bookies takings as fewer people in Europe are away on holiday and can place wagers without distractions.
The analysts added the results so far had largely played in the favour of bookmakers. The tournament has had five draws so far, which tend to boost income for bookmakers since most punters bet on a win for either side.
Surging energy costs will leave the European Union unable to attract electric car battery plants to the continent, a top Volkswagen executive has warned.
Thomas Schäfer, chief executive of Volkswagen Passenger Cars, said Germany and the EU were “rapidly losing their attractiveness and competitiveness” for electric vehicle battery investment.
Mr Schäfer said electricity and gas prices needed to be brought under control, but EU bureaucracy and state aid rules risked hamstringing measures.
In a LinkedIn post, he said: “Unless we manage to reduce energy prices in Germany and Europe quickly and reliably, investments in energy-intensive production or new battery cell factories in Germany and the EU will be practically unviable.”
Volkswagen is planning to build six gigafactories to supply millions of batteries to its electric vehicles, breaking ground on the first factory, GigaSalz near Salzgitter in Germany. It plans for the first facility to be operational by 2025.
Yahoo, the former tech giant, has extended its push into digital advertising by taking a 25pc stake in Taboola.
The internet giant will become Taboola's largest shareholder as part of a 30-year exclusive advertising partnership.
Taboola specialises in so-called native advertising and is known for attention-grabbing sponsored links on the websites of publishers including CNBC.
Shares in the New York-listed firm surged as much as 78pc – the most on record – after the deal was announced.
BlockFi, which last year was valued at $3bn, had already admitted it had "significant exposure" to FTX and planned to "explore all options" following the collapse of the crypto exchange.
It paused withdrawals in the wake of FTX's sudden collapse and said it can "not operate business as usual".
Based in the Bahamas and founded by 30-year-old Sam Bankman-Fried, FTX allegedly used customer funds to drive billions of pounds in trades at its sister hedge fund, Alameda Research.
This chart shows how users raced to withdraw their funds following the collapse of the exchange:
The fallout from the collapse of crypto exchange FTX has claimed another victim as BlockFi filed for bankruptcy.
The crypto lender, which allowed users to earn yield by placing idle cryptocurrencies on the platform, said on its website it had "voluntarily filed petitions for Chapter 11 reorganization".
It said:
This action follows the shocking events surrounding FTX and associated corporate entities and the difficult but necessary decision we made as a result to pause most activities on our platform.
The collapse comes a little over a fortnight after the fall of FTX, the crypto exchange valued at $32bn (£26bn) just months ago, leaving more than a million creditors out of pocket.
The lead privacy regulator for Twitter in the European Union said it was concerned about the potential impact of layoffs at the social media company on its ability to meet privacy obligations.
However, Ireland's Data Privacy Commissioner (DPC) said it was so far getting answers to its questions.
Twitter has fired top executives and enforced steep job cuts with little warning following billionaire Elon Musk's tumultuous takeover of the company last month. About half of the workfo...
- Reddit Posts (Sample): [['u/Hot_Difficulty6799', 'How to Sell a Car in California. On the Blockchain.', 29, '2023-01-27 00:06', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/', 'Fortune Crypto [reports](https://fortune.com/crypto/2023/01/26/california-announces-dmv-run-blockchain-through-partnership-with-tezos/) that the California DMV is now putting vehicle titles on a blockchain. The blockchain in question is called Tezos. \n\nThis will be to the benefit of the husband and wife scammer team behind the Tezos blockchain.\n\nReuters has a good rundown on [their history of self-dealing] (https://www.reuters.com/article/us-bitcoin-funding-tezos-specialreport-idUSKBN1CN35K). \n\nThey had done an ICO, where they awarded themselves a whole lot of their own coins. They had called the coins "donations," as if this word was a magical incantation, that stopped them from being unregistered securities. And they had muscled out a partner from his share of the coins, keeping those coins for themselves.\n\nI would like here to quickly mention the absurdity of using blockchain, a technology designed for decentralized trustless systems, for a centralized system with a trusted authority.\n\nAnd then explain in considerable detail how a Californian who owns an automobile might set up a their crypto-wallet, where they would store the proof of their vehicle ownership. And how they would then transfer a vehicle title.\n\nAccording to the Fortune article, the California DMV intends to attend to the wallets problem pretty quick:\n\n>Ajay Gupta, the chief digital officer at the California DMV, said that the agency hopes to finalize its “shadow ledger,” or a full replication of the state’s title database on the blockchain, within the next three months before building consumer-facing applications, including digital wallets that hold car title NFTs. \n\nThis is [how wallets currently work](https://tezos.gitlab.io/user/key-management.html), for the Tezos blockchain.\n\nThe keys to your car, so to speak, are by default stored in unencrypted form in the $OCTEZ_HOME_DIR, in a subdirectory craftily called secret_keys.\n\n(Tezos seems to be assuming that you are running linux.\n\nI\'m ok with linux, myself.\n\nBut for my mother, who is 87, and has a car she never drives anymore, and so might want to sell soon, probably not so much.)\n\nTo set up your vehicle-title wallet, you cd to the proper directory, and then type, at a command prompt (mom, are you listening?), something like this:\n\n ./octez-client import secret key my_ledger ledger\n \nThis is assuming, of course, that your ledger is called my_ledger, and that the type of ledger you have got is ledger.\n\nNow, having your private key set up, let\'s say you want to sell your car. \n\nFirst, keygen some more keys:\n\n octez-signer gen keys mom\n\nThen, launch the signer service, as a daemon:\n\n octez-server launch http signer -a home\n\nOh fuck it.\n\nThis is so totally absurd.\n\nA husband and wife team of con-people has sold the California DMV on a hairbrained scheme to put vehicle titles, as NFTs, on a blockchain.\n\nCalifornia is probably going to get vehicle title day traders, who wash trade their accumulated vehicle titles, all day long.\n\nThey are probably going to get people falsely claiming their vehicle title was "hacked," in some scam I don\'t understand. \n\nAnd my 87-year-old mother is probably going to transfer her automobile title into the void.\n\nPlease, U.S. Securities and Exchange Commission, please.\n\nI know you lack resources to go after every illegal seller of crypto unregistered securities. You need to pick your battles.\n\nBut please please please sue the husband and wife scammer team of Kathleen and Andrew Brietman, for their selling unregistered securities. And please work with the U.S. Department of Justice, to put them in prison, as well.\n\nDo this immediately.\n\nThe California DMV, falling for an obvious scam, is really really bad. You need to stop it right now.\n\nPlease?', 'https://fortune.com/crypto/2023/01/26/california-announces-dmv-run-blockchain-through-partnership-with-tezos/', '10m5ey2', [['u/biffbobfred', 20, '2023-01-27 00:15', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j611gey/', 'I can guarantee 95+% of complains were “gee I wish there were more agents and the lines were shorter”. Maybe 1% were “I wish title transfer was something I could see”. The “they could have used that blockchain money to hire clerks” is strong in this one \n\nIf titles have addresses attached it’s a privacy problem. If titles do not have addresses attached they’re incomplete and there’s some other DB they could use anyway.', '10m5ey2'], ['u/gaterooze', 17, '2023-01-27 00:45', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j615s38/', ">An obvious application would be allowing people to transfer car ownership between digital wallets through an NFT version of their title, with the DMV acting as a middleman to ensure that all the sale obligations are completed.\n\nSo the NFT part is useless, it all relies on a centralized authority? Greeeeaaaattt... I'm sure this will end well.", '10m5ey2'], ['u/grauenwolf', 11, '2023-01-27 02:18', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j61iouy/', "You mean this quote?\n\n> “The DMV’s perception of lagging behind should definitely change,” Gupta told Fortune in an exclusive interview. \n\n1. The actual quote says nothing about blockchain.\n2. The quote cites an interview. Well where is this interview?\n3. Who's to say this quote wasn't a complete fabrication?\n\nI used to be a journalist. This is not how I would present an interview about such a dramatic change.", '10m5ey2']]], ['u/Muted-Exchange4720', 'My Trading Experiment Does Really Well In Multiple Market Environments!', 42, '2023-01-27 01:28', 'https://www.reddit.com/r/Daytrading/comments/10m78og/my_trading_experiment_does_really_well_in/', 'How\'s it going guys? It\'s been a while since I have made a post due to some craziness going on irl! I decided to come back and try my hand at beating the markets, so here we go! I plan to start a personal series that will include experimentation of strategy ideas, absorb any feedback you guys give, and improve my strategies! If we find a strategy that wins in both the bull and bear markets beyond backtests, our work here is done.\n\nNote: I decided to go with cryptocurrency for this post because I never trade them much, but I figured it would be cool to change things up!\n\n**Part 1: The Strategy Design:**\n\nhttps://preview.redd.it/2d8x1rbbchea1.png?width=1168&format=png&auto=webp&v=enabled&s=a8ddfbb4544a46a071e2866b2b4fddb68fc484e6\n\nFirst, let\'s give this strategy a name. We\'ll call it "Experiment #1." Experiment #1 looks at an asset\'s Volume and RSI to trigger an order. The layout for this strategy goes as follows: If the Volume of Bitcoin or Ethereum (the only two assets being used for this strategy) is up relative to the previous trading day, and the RSI is below 45, then this strategy will trigger a buy order. If the Volume of the asset the trade was taken on is down compared to the previous trading day, then a sell order will be executed.\n\nThis strategy operates on the 1 Day timeframe and has a "shield" that serves as a -3% stop loss. When triggered, it closes the affected position and pauses trading for the next week. All of this is done automatically.\n\nhttps://preview.redd.it/jo4861idchea1.png?width=524&format=png&auto=webp&v=enabled&s=293ef879dac66269b34d1df70572c27bc2b535fb\n\n**Part 2: Results:**\n\nLet\'s start the result section by checking out how this strategy performs in a bear market. The first one that comes to mind is the one we are currently in! However, let\'s exclude 2023 and track the backtest results of this strategy for the year of 2022 (Jan,1 2022 - Jan 1, 2023) Here are the results:\n\nhttps://preview.redd.it/xtzdrxifchea1.png?width=834&format=png&auto=webp&v=enabled&s=06af87b9e4b49ec4eefe9e50f9e4a32cee138aa3\n\nhttps://preview.redd.it/x6ihkqvgchea1.png?width=766&format=png&auto=webp&v=enabled&s=7ede138b5d7f24e0acfd0028abb58306bacd138f\n\nAlright, so there is a decent amount to unpack here. The first thing to note is the overall performance of the strategy relative to the assets it is trading on. Experiment #1 returned a modest -20.11%. You might be thinking, wow that sucks! In a way you are right! However, during this same period of time Bitcoin and Ethereum returned a tragic -66.53%.\n\n[Visual chart of Experiment #1 Vs. SPY](https://preview.redd.it/h1x9nzxichea1.png?width=2400&format=png&auto=webp&v=enabled&s=c42b4ea54ec34cc233083fd65093c1cccfff9a55)\n\nAs you can see detailed above, during this period SPY returned -19.71%, only beating this strategy by 0.4%. Other notable metrics include the overall risk potential of this strategy (-44.78%) and the impact of fees on this strategy (37.95%). The overall fees could use some work, but it\'s a good start.\n\n**Part 3,** **Bull Market:**\n\nThis is where things get SPICY. We all know 2021 was the year of some next level euphoria, and many cryptocurrencies did exceptional. However, the year was quite volatile, and a lot of people still ended up losing money. Here is how Experiment #1 held up:\n\nhttps://preview.redd.it/eoi1bm4lchea1.png?width=778&format=png&auto=webp&v=enabled&s=75ea2ffacdc7d904f2dc5405278349076ddcb696\n\nhttps://preview.redd.it/duk5oy5mchea1.png?width=766&format=png&auto=webp&v=enabled&s=c97a827292f67f7e20e93a92fe08cb3701331bb0\n\nI gotta say...not to bad! Sure, the assets that were traded on returned nearly 300%, but this strategy absolutely crushed the S&P500 with a return of 139.74% and fees only co...
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.
|
23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11
|
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:**
['ATLANTA and NEW YORK , Jan. 28, 2023 /PRNewswire/ \x96 Cryptocurrency futures trading has become a popular way for traders to gain exposure to the volatile digital asset market without owning the underlying assets themselves. These financial derivatives allow traders to speculate on the future price movements of various cryptocurrencies, such as Bitcoin and Ethereum . Let\'s take a closer look at what cryptocurrency futures trading is, and how to trade crypto futures with Covo Finance , a fully decentralized Exchange. Trade Crypto Futures with Covo Finance DEX Basics of Cryptocurrency Futures A Crypto futures contract is a legally binding agreement between two parties to buy or sell an underlying crypto at a predetermined price and date in the future. This type of contract is commonly used in traditional markets, such as commodities, to manage price risk and provide liquidity. However, with the rise of digital currencies, futures contracts have been adapted to apply to the cryptocurrency market. Traders can take a long or short position on a particular cryptocurrency , speculating on whether the price will go up or down in the future. For example, if traders believe that Bitcoin will rise, they can take a long position by purchasing a futures contract. If the price of Bitcoin increases, the trader will make a profit, while if the price goes down, they will incur a loss. Similarly, if a trader believes that the price of Bitcoin will decrease, they can take a short position by selling a futures contract. In this case, if the price of Bitcoin drops, the trader will make a profit. One of the main advantages of cryptocurrency futures trading is the ability to use leverage. Leverage allows traders to make large trades with relatively small capital. For example, if a trader wants to take a $10,000 position on Bitcoin , they would only need to put up a fraction of that amount as collateral. How to Trade Cryptocurrency Futures Choose a reputable exchange: Several DEXs such as Covo Finance offer crypto futures trading, which enables traders to buy crypto futures for major currencies directly from their wallets with up to 50x leverage. Connect wallet: To start trading, Traders need to connect their wallets, such as MetaMask or Trust Wallet. Fund wallet: Before starting trading crypto futures, traders will need to fund their wallet with the crypto of choice for collateral. Choose a futures contract: Once the wallet is funded, traders can choose the crypto futures they want to trade along with the leverage to use. Place order: Traders can choose whether to go long or short on the crypto and set a stop loss to limit potential losses. Story continues Crypto Futures Trading with Covo Finance Trading crypto futures on a decentralized exchange (DEX) like Covo Finance is different from trading on a centralized exchange; DEX provides greater security and reduces the risk of hacking or 3rd party custodial risks. But the basic principles remain the same. Covo Finance, a 100% decentralized spot and perpetual exchange, has emerged as one of the best options for crypto futures trading. The platform allows users to trade major cryptocurrencies such as Bitcoin , Ethereum , and Chainlink tokens directly from their crypto wallets. One of the main advantages of Covo Finance is its low trading fees and zero price-impact trades, which make it the fastest-growing spot and futures DEX on the Polygon network. Additionally, the platform offers perpetual futures trading with up to 50x leverage , making it an excellent option for experienced traders. Despite the potential benefits of cryptocurrency futures trading, several risks also exist. One of the main risks is the volatility of the underlying assets. Digital currencies are known for their high volatility, making it difficult to predict price movements. This volatility can lead to significant losses for traders who need to be better versed in the market. Cryptocurrency futures trading allows traders to gain exposure to the digital asset market without owning the underlying assets themselves. Additionally, the ability to use leverage and trade on margin can provide traders with the potential to make more significant profits. In conclusion, cryptocurrency futures trading is a popular investment strategy that allows traders to speculate on the future price movements of various cryptocurrencies. While Covo Finance\'s low trading fees, zero price-impact trades, and its new mechanism for its "COVO Pool" that facilitates all platform trades while maximizing interest earned on users\' crypto make it one of the best options for crypto futures trading. Photo - https://mma.prnewswire.com/media/1991550/Covo_Finance_DEX.jpg Logo - https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Covo Finance Logo (PRNewsfoto/Covo Finance) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trade-crypto-futures-with-covo-finance-dex-301732955.html SOURCE Covo Finance', 'ATLANTA and NEW YORK , Jan. 28, 2023 /PRNewswire/ \x96 Cryptocurrency futures trading has become a popular way for traders to gain exposure to the volatile digital asset market without owning the underlying assets themselves. These financial derivatives allow traders to speculate on the future price movements of various cryptocurrencies, such as Bitcoin and Ethereum . Let\'s take a closer look at what cryptocurrency futures trading is, and how to trade crypto futures with Covo Finance , a fully decentralized Exchange. Trade Crypto Futures with Covo Finance DEX Basics of Cryptocurrency Futures A Crypto futures contract is a legally binding agreement between two parties to buy or sell an underlying crypto at a predetermined price and date in the future. This type of contract is commonly used in traditional markets, such as commodities, to manage price risk and provide liquidity. However, with the rise of digital currencies, futures contracts have been adapted to apply to the cryptocurrency market. Traders can take a long or short position on a particular cryptocurrency , speculating on whether the price will go up or down in the future. For example, if traders believe that Bitcoin will rise, they can take a long position by purchasing a futures contract. If the price of Bitcoin increases, the trader will make a profit, while if the price goes down, they will incur a loss. Similarly, if a trader believes that the price of Bitcoin will decrease, they can take a short position by selling a futures contract. In this case, if the price of Bitcoin drops, the trader will make a profit. One of the main advantages of cryptocurrency futures trading is the ability to use leverage. Leverage allows traders to make large trades with relatively small capital. For example, if a trader wants to take a $10,000 position on Bitcoin , they would only need to put up a fraction of that amount as collateral. How to Trade Cryptocurrency Futures Choose a reputable exchange: Several DEXs such as Covo Finance offer crypto futures trading, which enables traders to buy crypto futures for major currencies directly from their wallets with up to 50x leverage. Connect wallet: To start trading, Traders need to connect their wallets, such as MetaMask or Trust Wallet. Fund wallet: Before starting trading crypto futures, traders will need to fund their wallet with the crypto of choice for collateral. Choose a futures contract: Once the wallet is funded, traders can choose the crypto futures they want to trade along with the leverage to use. Place order: Traders can choose whether to go long or short on the crypto and set a stop loss to limit potential losses. Story continues Crypto Futures Trading with Covo Finance Trading crypto futures on a decentralized exchange (DEX) like Covo Finance is different from trading on a centralized exchange; DEX provides greater security and reduces the risk of hacking or 3rd party custodial risks. But the basic principles remain the same. Covo Finance, a 100% decentralized spot and perpetual exchange, has emerged as one of the best options for crypto futures trading. The platform allows users to trade major cryptocurrencies such as Bitcoin , Ethereum , and Chainlink tokens directly from their crypto wallets. One of the main advantages of Covo Finance is its low trading fees and zero price-impact trades, which make it the fastest-growing spot and futures DEX on the Polygon network. Additionally, the platform offers perpetual futures trading with up to 50x leverage , making it an excellent option for experienced traders. Despite the potential benefits of cryptocurrency futures trading, several risks also exist. One of the main risks is the volatility of the underlying assets. Digital currencies are known for their high volatility, making it difficult to predict price movements. This volatility can lead to significant losses for traders who need to be better versed in the market. Cryptocurrency futures trading allows traders to gain exposure to the digital asset market without owning the underlying assets themselves. Additionally, the ability to use leverage and trade on margin can provide traders with the potential to make more significant profits. In conclusion, cryptocurrency futures trading is a popular investment strategy that allows traders to speculate on the future price movements of various cryptocurrencies. While Covo Finance\'s low trading fees, zero price-impact trades, and its new mechanism for its "COVO Pool" that facilitates all platform trades while maximizing interest earned on users\' crypto make it one of the best options for crypto futures trading. Photo - https://mma.prnewswire.com/media/1991550/Covo_Finance_DEX.jpg Logo - https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Covo Finance Logo (PRNewsfoto/Covo Finance) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trade-crypto-futures-with-covo-finance-dex-301732955.html SOURCE Covo
**Last 60 Days of Bitcoin's Closing Prices:**
[16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-28
**Financial & Commodity Data:**
- Gold Closing Price: $1928.60
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $442,474,891,350
- Hash Rate: 313930106.5680952
- Transaction Count: 268849.0
- Unique Addresses: 637939.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Even as crypto markets remain down and many video game enthusiasts vocally oppose the potential for NFTs in gaming , one major game publisher remains focused on Web3 gaming: Square Enix, the creator of major franchises like Final Fantasy and Dragon Quest. The Japanese firm has gradually increased its investment and presence in the Web3 space over the last few years, and in President Yosuke Matsuda’s annual new year’s letter for 2023 , he explained that Square Enix is “most focused” on blockchain-powered gaming amid its new business development efforts. Square Enix is developing “multiple blockchain games” based on original IP, rather than its existing franchises, Matsuda wrote, and the firm plans to announce further games this year. The firm is also still considering investment opportunities around blockchain. “[We] will continue to take stakes in promising businesses whether we find them in Japan or abroad,” he wrote. Final Fantasy Maker Square Enix Reveals Its First Ethereum NFT Game Matsuda’s letter highlights the growing use of the term Web3, which he writes has become “a firmly established buzzword among businesspeople.” However, he also notes the market challenges that emerged in 2022, including the collapse of cryptocurrency exchange FTX in November and the subsequent industry contagion . “Blockchain has been an object of exhilaration and a source of turmoil,” Matsuda explained, “but with that in the rearview mirror, we hope that blockchain games will transition to a new stage of growth in 2023.” Rising interest in blockchain technology has been a mainstay of Matsuda’s annual letter in recent years, and Square Enix has ramped up its moves in the space along the way. In November, Square Enix announced its first original game built around Ethereum NFTs, called Symbiogenesis . Set to launch this spring, it’s a “digital collectible art experience” with storytelling elements. The firm recently tweeted that the “gameplay revolves around choosing whether to monopolize or [share]” information with other players. Story continues Square Enix also recently announced that it will be a strategic advisor to Cross the Ages , a digital trading card game built on Polygon , and invested in Bitcoin gaming startup ZEBEDEE. It also invested in metaverse game The Sandbox in 2020 , and last year revealed plans to revive its dormant Dungeon Siege property as an in-game experience in The Sandbox. Also last year, Square Enix announced plans to release Final Fantasy NFTs via Enjin’s Polkadot -based Efinity platform. The NFTs are based on the popular game Final Fantasy VII, and are tied to physical trading cards and toys that will be released this year. Last May, Square Enix sold off three of its internal studios along with major franchises—including Tomb Raider and Deus Ex—to Embracer Group for $300 million. The publisher said that the sale would benefit its growing push into blockchain games. Square Enix is one of a handful of major traditional game publishers that have committed to growing the blockchain space. Ubisoft, the maker of Assassin’s Creed and Just Dance, has invested in and partnered with a number of crypto game studios, and released the first in-game NFT items for a major franchise game in late 2021 with Ghost Recon: Breakpoint. Meanwhile, Take-Two Interactive—the publisher behind Rockstar Games and 2K Games, makers of Grand Theft Auto and NBA 2K respectively—has pushed into the NFT space through its casual games studio, Zynga . Take-Two also invested in Horizon Game Studios alongside Ubisoft, but Rockstar Games has since banned the use of NFTs on Grand Theft Auto V servers. Rockstar Games Bans NFTs, Crypto From Grand Theft Auto Fan Servers Web3 advocates believe that NFTs—or tokens that represent ownership of unique items—can fuel decentralized, player-owned game economies, and benefit players via the ability to resell items and potentially use them across multiple games. However, many gamers have pushed back against the rise of Web3 gaming and NFT collectibles, pointing to scams in the crypto industry, simplistic gameplay for many early Web3 gaming examples, and speculative demand that has driven up the prices of some assets. In his letter, Matsuda highlighted the past speculative frenzy around NFTs but wrote that he believes that the focus on monetization will give way to a growing view of the prospective functional benefits of NFTs for gamers. “In the wake of the aforementioned turbulence in the cryptocurrency industry, there is now a trend to view blockchain technology as a mere means to an end, and to discuss what needs to happen to achieve the end of delivering new experiences and excitement to customers,” he wrote. “I see this as a very beneficial development for the future growth of the industry.”...
- Reddit Posts (Sample): [['u/ouuujumbleliahhhh', 'My dad (70) thought he called Norton but I’m positive it was a scam number from a google search he called.', 366, '2023-01-28 02:04', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/', 'I wiped his computer at Christmas for him so it would run better. I left the 30 day Norton antivirus that comes pre installed on and told him to pay for the subscription when it asked to renew. He tried to after the 30 day trial period but there was a problem processing payment, so he googled their number and I’m confident he called a scam number. They downloaded screen sharing apps on both his computer and his phone. He was on the call with them for an hour and a half. He probably tried various credit cards while screen sharing with them, and then his debit card. (His debit required two factor verification and he didn’t have his old phone number so he wasn’t able to get through with his debit.) The “agent” then started asking him about Bitcoin, this is when he ended the phone call. \nMy question is, aside from calling his banks, and changing some passwords, is there anything else he should do, or anything else we should be worried about? Any help would be greatly appreciated, I feel awful for him.', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/', '10n1u4u', [['u/DPMx9', 82, '2023-01-28 02:10', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66f9nk/', 'As you already know, searching for phone numbers through search engines often return scam phone numbers - the only safe way to get those if from the actual website. Please make sure your father learns that.\n\nGenerally, the scam tech support scammers are just saying mumbo jumbo to scare victims into paying - if you run a malware/antivirus scan and the PC comes clean, it should be safe to use it.\n\nOf course, any passwords that may have been shared with the scammers need to be changes, and tightening security overall may help with future scam attempts.\n\nIt is hard to help older relatives stay safe if they are afraid of asking for help though, so please be extra nice and understanding with your father or others in a similar situation. The last thing you want is to make them less likely to ask for help next time.', '10n1u4u'], ['u/ouuujumbleliahhhh', 37, '2023-01-28 02:20', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66gjc9/', 'Thank you, I will definitely do that. This is their (my mom and dad) first winter retired together and they just went away and I won’t be able to see them for another two months or so. I usually just drive out to their place to help with any tech stuff and evidently my father didn’t want to “bother” me with it this time. Anyway, I’ll try to do whatever I can over FaceTime. \nAs for the phone, without an antivirus software, is there anything I should do?\nThanks again', '10n1u4u'], ['u/cyberiangringo', 216, '2023-01-28 02:25', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66h95a/', 'You already know the answer. The only way to be 100% sure is to wipe it and start all over. Indian call center scammers have been known to drop malware and establish persistence. 1 1/2 hours is a long time for them to have had remote access. The odds are good that a robust anti-virus scan would do the job, but they are just not 100%.', '10n1u4u'], ['u/ChiMello', 25, '2023-01-28 02:26', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66hc1y/', 'You should probably wipe his computer again.', '10n1u4u'], ['u/DPMx9', 21, '2023-01-28 02:27', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66hiuo/', 'I would ask a tech support forum for details on the best way to do the scanning - not our core expertise.', '10n1u4u'], ['u/Lykan_', 322, '2023-01-28 05:44', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j6755ot/', 'Remove Norton and leave windows defender to do its job.', '10n1u4u'], ['u/coffeeisnotlatte', 27, '2023-01-28 05:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j676ilu/', "OP, why didn't you install an adblocker in their browser? This would have prevented him even finding these scammers\n\nAlso remove Norton, it's pointless. If he downloads anything dodgy Windows Defender should catch it", '10n1u4u'], ['u/CarbonPhoenix96', 90, '2023-01-28 06:11', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j677w8a/', 'First mistake was not removing Norton. Might as well be a virus in and of itself', '10n1u4u'], ['u/Imanyce12', 16, '2023-01-28 06:17', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j678eib/', 'Sadly definetly a scammer. It is so upsetting that Google as well as various other companies have such loose morals when it comes to advertising on their platforms. Why is there no regulations to make sure all advertisers are legit to do business with. It is pure greed and laziness on all companies parts. We deserve better!!!', '10n1u4u'], ['u/gunnlaugr', 10, '2023-01-28 06:46', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67b7xi/', 'Just reimage the pc. Tell him to freeze his credit and replace all the cards he tried. Probably need him to get a new account at the bank to make sure they can’t use that info too.', '10n1u4u'], ['u/Accomplished_Tear963', 15, '2023-01-28 08:14', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67ije8/', '...and his phone. reset it back to the factory image', '10n1u4u'], ['u/coffeeisnotlatte', 11, '2023-01-28 08:24', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67j9z8/', 'I’ve not had an adblocker break a real website in about a decade, there’s far more upsides to blocking all ads and scams than downsides', '10n1u4u'], ['u/AppleSpicer', 12, '2023-01-28 08:24', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67ja3j/', 'I hate them. My mom called “Amazon” from one of the first results (an ad) and got fleeced 2500$ she doesn’t have', '10n1u4u'], ['u/Alert-Fly9952', 36, '2023-01-28 08:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67lucz/', "I bought Norton back in the day, the day being the early 90s. It was a legit company that argubly, made great utilties that Mircosoft ~~stole,~~ ~~borrowed,~~ was inspired to ~~copy~~ innovate from.\n\n​\n\nBut these days it's really not needed.", '10n1u4u'], ['u/Space-Dribbler', 29, '2023-01-28 10:21', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67rslr/', '100% this', '10n1u4u'], ['u/EstoyMejor', 56, '2023-01-28 13:19', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j684q3y/', 'The only person that scammed his dad was he who recommended Norton.', '10n1u4u'], ['u/ings0c', 46, '2023-01-28 14:00', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j688d9g/', 'Never, ever hand that awful company money.\n\nTheir product is useless and their business practices and sales tactics are abhorrent.\n\nThere is no need to pay for an AV in 2023', '10n1u4u'], ['u/No-Salt4637', 15, '2023-01-28 14:54', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68dx2v/', 'It’s basically adware at this point', '10n1u4u'], ['u/LordChappers', 14, '2023-01-28 15:02', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68eslj/', 'Also disable notifications in Chrome (if used) and Edge - prople often allow notifications for sites that send scam messages pretending to be antiviruses.', '10n1u4u'], ['u/ouuujumbleliahhhh', 48, '2023-01-28 15:13', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68g2fm/', 'Learned from my mistake thank you.', '10n1u4u'], ['u/ouuujumbleliahhhh', 28, '2023-01-28 15:14', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68g8ry/', 'Thank you, we wiped his computer and his phone. Called his banks and reset passwords.', '10n1u4u'], ['u/synthesthesio', 19, '2023-01-28 16:56', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68tkec/', 'It sounds like you need to get him new bank cards too, no? He kept trying to pay with all the cards implies that he gave out the numbers to the scammer.', '10n1u4u'], ['u/ouuujumbleliahhhh', 20, '2023-01-28 16:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68tsjw/', 'He cancelled all his cards and has new ones being sent yes.', '10n1u4u'], ['u/mnorkk', 11, '2023-01-28 19:26', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j69fhj8/', 'Just to be clear, "no need to pay" should not be confused with "no need to use". Viruses certainly do exist and AV software on the endpoint is the best way to protect a device at home but there are plenty of free options that detect the same viruses as the paid ones.', '10n1u4u']]], ['u/tenthousandbottles', 'The Bitcoin Reddit sub is hiding a ton of stuff, does this mean Bitcoin actually IS a scam?', 35, '2023-01-28 02:20', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/', 'I have been reading this sub nonstop for about a week. Thank you for the people here who gave me the resources to understand Bitcoin. And I finally understand what happened with Blockstream. They completely fucked Bitcoin! Therefore Bitcoin doesn\'t work very well for making...
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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23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29
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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:**
['Ed Jackson’s rugby career ended suddenly at age 28 when he broke his neck after diving into the shallow end of a swimming pool. The former Bath, Wasps and Dragons No 8 was left quadriplegic, with the best he could hope for being enough functionality in his arms to control a wheelchair.\nMore than five years on, he is up on his feet and climbing mountains for his charity, Millimetres2Mountains.org, and others. He has also carved out a \xadsuccessful career as a public speaker and television presenter on Channel 4.\nMy first real job was as a rugby player, straight out of school. It was a dream come true, as a 16-year-old basically playing PE for the rest of your life. I think my first contract was £13,000, which wasn’t much looking back, but as we were training every day and didn’t have many outgoings it felt a lot.\nNo. My dad kicked me straight out. He’s very much a “you’ve got to make your own way” type of guy. However, he owned a place, which I and three other rugby players at Bath shared. And he actually charged me £100 more a month in rent than my friends, which I thought was child abuse at the time! That was the Yorkshireman in him.\nAbout five years into my career quite a few of my peers were having to retire through injury and the players association encouraged me think about a post-rugby career.\nReluctantly, I did a degree in leadership and management, which I ended up really enjoying. It helped my rugby, providing a distraction from the sport. It also kept me more level headed, as rugby can be a roller coaster, with all the highs and lows of selections, injuries, contracts and so on.\nWhen I finished the degree I spoke to friends. One, who was in insurance and commercial property, seemed to be having the most fun and was always on the golf course. So I did a Masters in real estate finance, with a view to going into commercial property.\nI broke my neck, had spinal cord injury and was left completely paralysed from the shoulders down. Within a day, though, I had some sensation back.\nAt that point they told me I’d never walk again, but I might get use of my arms back so I could use a wheelchair. This was kind of what I came to accept, initially.\nAs it was, I got lucky. I’m now independent and back on my feet. I’m still quadriplegic, which seems a strange term, but all it really means is all four limbs are affected. I’m not a full quad, rather a walking quadriplegic, and there’s a whole load of us \xadhobbling around.\nI was terrified. It didn’t seem real, going from being a professional athlete to being the complete opposite. What moved me beyond focusing on “why me” and “I don’t want to be here anymore” was hearing I’d be reliant on my family, forever. This spurred me on to spend every waking moment just \xadtrying to move something. It wasn’t that I\xad \xaddisbelieved the doctors, but rather I knew I could never forgive myself if I didn’t try.\nWithin days I could wiggle my toes, and four months later I could get out of the wheelchair and move about on crutches. Progress is slower now, but at least I can walk.\nAbout a year after the accident, I set myself the challenge of climbing Snowdon. I didn’t think I’d get to the top, but I wanted people to see I was on my feet.\nI guess I had a shop window because of the rugby, so I was being contacted via my blog, which logged my progress, with people wanting to join in.\nI thought a few people might turn up, but there were around 70 there to offer support and to walk. We shared our \xadstories, walking side by side, and it all started from there.\nMillimetres2Mountains started out fundraising for a spinal unit in Nepal, which we still support. The main aim now is to help other people who have been through trauma. We run a beneficiary programme, whereby we take people who have been through physical or psychological trauma on an adventure, so they meet others who have been through a tough time, and talk.\nWe realised that this was beneficial while it lasted, but many were just slipping back into old patterns when they got home. So, we starting to fund ongoing life coaching, training, therapy, whatever’s needed.\nWe also have smaller community projects designed to get people out and about, on community walks for example.\nMillimetres2Mountains has raised about £300,000 and I’ve probably raised a similar amount myself by \xadtaking on challenges for other charities such as Restart, the rugby charity.\nWe were climbing Himlung Himal on the Tibet-Nepal border in March, \xadaiming for the height record for someone with a spinal injury, which we achieved. Anyway, there was an accident on the descent where our guide fell down a crevasse. We were stuck overnight on the mountain at minus 30C (minus 22F) and all ended up being \xadrescued by helicopter. That was a close call.\nPutting my feet up with a few beers. After a challenge, I feel I’ve earned it.\nSpender. Not on material things, though. I love to travel, so a lot goes on flights.\nI do, but I’m not very good with money in that respect. I have people I completely trust who take care of that for me.\nMy friend from university owns a wine investment company called Cult Wines, and I invested some money in their wine about six years ago and it has \xadoutperformed any other investment I’ve ever made. I could take a bottle out and drink it, but\nBitcoin. But luckily, I didn’t put much money in. Hopefully it will turn back around.\nBefore, I directly associated my self-worth with the number on my contract. Now I want and just need enough money to have a roof over my head, be happy and be able to do the things I love.\nThe charity, for example, isn’t my job. I don’t make any money from it. I went into public speaking and television work, things that aren’t time restrictive but pay reasonably well, so I can pursue my interests. This mindset shift, from associating money with self-worth to viewing it as a means to an end, is probably my best money lesson.\nFor more information about Ed Jackson’s charity, including on forthcoming trips to Petra, Nepal and Norway, see millimetres2mountains.org', "Ed Jackson - Tony Marshall/Getty Images Europe Ed Jackson’s rugby career ended suddenly at age 28 when he broke his neck after diving into the shallow end of a swimming pool. The former Bath, Wasps and Dragons No 8 was left quadriplegic, with the best he could hope for being enough functionality in his arms to control a wheelchair. More than five years on, he is up on his feet and climbing mountains for his charity, Millimetres2Mountains.org, and others. He has also carved out a \xadsuccessful career as a public speaker and television presenter on Channel 4. What was your first job? My first real job was as a rugby player, straight out of school. It was a dream come true, as a 16-year-old basically playing PE for the rest of your life. I think my first contract was £13,000, which wasn’t much looking back, but as we were training every day and didn’t have many outgoings it felt a lot. Were you still living at home? No. My dad kicked me straight out. He’s very much a “you’ve got to make your own way” type of guy. However, he owned a place, which I and three other rugby players at Bath shared. And he actually charged me £100 more a month in rent than my friends, which I thought was child abuse at the time! That was the Yorkshireman in him. Did you have a ‘Plan B’ if rugby didn't work out? About five years into my career quite a few of my peers were having to retire through injury and the players association encouraged me think about a post-rugby career. Reluctantly, I did a degree in leadership and management, which I ended up really enjoying. It helped my rugby, providing a distraction from the sport. It also kept me more level headed, as rugby can be a roller coaster, with all the highs and lows of selections, injuries, contracts and so on. When I finished the degree I spoke to friends. One, who was in insurance and commercial property, seemed to be having the most fun and was always on the golf course. So I did a Masters in real estate finance, with a view to going into commercial property. Story continues Ed Jackso - Tom Jenkins/Getty Images Europe What were your expectations after the accident? I broke my neck, had spinal cord injury and was left completely paralysed from the shoulders down. Within a day, though, I had some sensation back. At that point they told me I’d never walk again, but I might get use of my arms back so I could use a wheelchair. This was kind of what I came to accept, initially. As it was, I got lucky. I’m now independent and back on my feet. I’m still quadriplegic, which seems a strange term, but all it really means is all four limbs are affected. I’m not a full quad, rather a walking quadriplegic, and there’s a whole load of us \xadhobbling around. How did you respond to the prognosis? I was terrified. It didn’t seem real, going from being a professional athlete to being the complete opposite. What moved me beyond focusing on “why me” and “I don’t want to be here anymore” was hearing I’d be reliant on my family, forever. This spurred me on to spend every waking moment just \xadtrying to move something. It wasn’t that I\xad \xaddisbelieved the doctors, but rather I knew I could never forgive myself if I didn’t try. Within days I could wiggle my toes, and four months later I could get out of the wheelchair and move about on crutches. Progress is slower now, but at least I can walk. Ed Jackson - Instagram How did you get into fundraising? About a year after the accident, I set myself the challenge of climbing Snowdon. I didn’t think I’d get to the top, but I wanted people to see I was on my feet. I guess I had a shop window because of the rugby, so I was being contacted via my blog, which logged my progress, with people wanting to join in. I thought a few people might turn up, but there were around 70 there to offer support and to walk. We shared our \xadstories, walking side by side, and it all sta
**Last 60 Days of Bitcoin's Closing Prices:**
[17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-29
**Financial & Commodity Data:**
- Gold Closing Price: $1928.60
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $450,992,967,975
- Hash Rate: 311001352.7915209
- Transaction Count: 258583.0
- Unique Addresses: 616633.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,000, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Dogecoin led gains at 4.32% and Solana was the biggest loser among top 10 cryptos.
See related article:Binance Charity to fund over 30,000 Web3 scholarships in 2023
• Bitcoin, the world’s largest cryptocurrency, dipped 0.89% to US$22,701 on Monday at 4 p.m. in Hong Kong after gaining 7.46% in the past seven days, according toCoinMarketCap data.
• Ethereum gained 0.3% to US$1,634, and strengthened 4.31% on the week.
• Dogecoin, the world’s top memecoin, led gains among top 10 cryptos, rising 4.32% to US$0.08936, after gaining 3.53% in the past week.
• Solana lost most, by 2.76% to US$24.48, after posting a weekly gain of 0.86%.
• Many Asian equity markets were closed on Monday for the Lunar New Year holidays in the region. Japan’sNikkei 225gained 1.33% on Monday and India’sSensexinched up 0.5% at 2.40 p.m. local time.
• See related article:Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?...
- 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.
|
22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022. See related article: Bankrupt BlockFi asks court to approve bonuses to keep staff Fast facts Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according to data from CoinMarketCap . Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues to recover from FTX-related damages . Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%, after reporting that its network has had zero downtime in 11 years of existence. The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion. U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%. Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whether recent widespread job cuts in the sector are to extend further into 2023. The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month. In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020. See related article: Are weak DAOs inviting attacks and manipulation?', 'Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022.\nSee related article:Bankrupt BlockFi asks court to approve bonuses to keep staff\n• Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according todata from CoinMarketCap.\n• Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues torecoverfrom FTX-relateddamages.\n• Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%,after reportingthat its network has had zero downtime in 11 years of existence.\n• The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%.\n• Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whetherrecent widespread job cutsin the sector are to extend further into 2023.\n• The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month.\n• In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020.\nSee related article:Are weak DAOs inviting attacks and manipulation?', 'Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022.\nSee related article:Bankrupt BlockFi asks court to approve bonuses to keep staff\n• Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according todata from CoinMarketCap.\n• Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues torecoverfrom FTX-relateddamages.\n• Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%,after reportingthat its network has had zero downtime in 11 years of existence.\n• The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%.\n• Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whetherrecent widespread job cutsin the sector are to extend further into 2023.\n• The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month.\n• In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020.\nSee related article:Are weak DAOs inviting attacks and manipulation?', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tops $23.9K before retreating slightly amid ongoing investor optimism. But one market observer says the largest cryptocurrency by market capitalization could be due for a U-turn.\nInsights:Amazon is rumored to be unveiling an NFT initiative, part of the retail giant\'s larger push into Web3. The project could raise significant regulatory issues.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,120.88\n+36.7▲3.4%\nBitcoin (BTC)\n$23,762\n+636.4▲2.8%\nEthereum (ETH)\n$1,645\n+60.3▲3.8%\nS&P 500 daily close\n4,070.56\n+10.1▲0.2%\nGold\n$1,945\n+16.5▲0.9%\nTreasury Yield 10 Years\n3.52%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Continues Flying High ... for Now\nBy James Rubin\nOn the weekend before the U.S. central bank unveils its latest interest rate decision, crypto investors were in a buoyant mood.\nThey sent bitcoin as close to $24,000 as it\'s been since mid-August. The largest cryptocurrency by market capitalization topped $23,900 at one point Sunday before retreating to about $23,760, a nearly 3% gain over the past 24 hours. Markets have remained largely hopeful the past week despite sometimes conflicting economic data and worrisome fourth quarter earnings reports from some of the world\'s biggest brands.\nOn Friday, news from the inflation front tilted favorably with the U.S. Commerce Department\'s announcing that personal consumption expenditures (PCE) excluding food and energy in December had registered its most moderate annual rate increase since October 2021. The PCE, a key inflationary measure that the Federal Reserve weighs heavily in its monetary decisions, offered the latest evidence of a cooling economy, although it also showed services inflation remaining stubbornly resilient.\n"The decline in goods inflation is welcome, as it brings inflation closer to the [Federal Reserve\'s] 2% goal (for reducing inflation), but with services inflation still sticky, it highlights that the Fed has more work to do," First Republic Bank wrote in a weekly note to investors.\nStill, Joe DiPasquale, CEO of fund manager BitBull Capital, noted in a text to CoinDesk, that the Federal Open Market Committee (FOMC) was likely to follow through on a widely expected 25 basis point rate hike at its two-day meeting, which begins Tuesday. Investors\' hopes for this more dovish tilt in monetary policy after eight months of harsher increases have fueled much of January\'s surge in crypto prices and other risk assets.\nThe "more modest increase is part of the reason that many crypto prices have increased," DiPasquale wrote. "It’s seen as a positive economic sign and is now being baked into the demand for bitcoin. It has been positively correlated with the equities markets in recent years and the lower rate is a bullish sign for the stock market."\nEther, the second-largest crypto in market value, fared even better than BTC on Sunday, rising nearly 5% at one point to trade over $1,650 at one point. ETH has risen over this threshold twice in the last nine days. Most other major cryptos by market cap spent much of Sunday firmly in the green
**Last 60 Days of Bitcoin's Closing Prices:**
[16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-30
**Financial & Commodity Data:**
- Gold Closing Price: $1922.90
- Crude Oil Closing Price: $77.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,226,211,200
- Hash Rate: 269948142.5149194
- Transaction Count: 309909.0
- Unique Addresses: 667280.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: DMG Blockchain Solutions Inc. VANCOUVER, British Columbia, Jan. 06, 2023 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces December 2022 preliminary mining results: DMG mined 104.6 bitcoin with 0.91 EH/s realized hashrate. DMG’s bitcoin balance as of December 31, 2022 was 454 bitcoin. Year in Review For DMG, calendar 2022 was an important year, as the Company transitioned towards becoming a full-fledged self-miner and is now much better positioned for the long-term. Core Strategy DMG nearly reached its bitcoin mining computational capacity goal of 1 EH/s at the end of calendar 2022. While we entered our 2022 financial year at about 15 PH/s, we exited at about 700 PH/s and nearly reached 1 EH/s at the end of the calendar year, as we have received almost all our miner deliveries from Bitmain. We have yet to receive our final 42 PH/s delivery of S19 XPs, and we plan to purchase additional miners using accumulated credits from Bitmain. We plan to provide more details about our additional purchases in the near future. To accommodate space for these new miners, as our Christina Lake mine building is full, we are setting up containerized mining on the property next to our substation, which will require very modest amounts of capital for interconnection of our previously purchased transformers to our existing distribution line as well as for the purchase of mining containers. As an update on our longer-term mining goals, we still plan to implement immersion cooling, from which we expect to achieve up to a 40% hashrate increase. However, our time frame for deployment will likely extend beyond our prior guidance for mid-calendar 2023. This is for two reasons: first, we are slowing our rate of spending given the current environment; and second, we will be performing more extensive testing before we commit to large scale conversion of our facility. This is because we have observed suboptimal performance from other miners that have rushed into immersion. Our objective is to lower our capital cost per hash implementing immersion by optimizing tradeoffs among overclocking gains, available electrical infrastructure, and operational efficiency in a variety of ambient conditions. In addition, we have deferred our goal for 2 EH/s of self-mining capacity to a time beyond the end of calendar 2023 given current market conditions. Story continues Based on our expectation of slow or no bitcoin network hashrate growth in coming months, assuming bitcoin pricing remains around current levels, we may still be able to grow our hashrate faster than the bitcoin network over the next 12 months with very limited and highly targeted capital investments. Unlike other miners that have taken on extensive debt and are restructuring, DMG has only added $1M of debt. The Company may consider raising modest amounts of additional debt, which would be focused solely on accelerating the deployment of our immersion cooling infrastructure. We believe immersion will become essential for bitcoin mining as the industry evolves. Core+ Strategy In our Core+ software, we have slowed our development pace due to market conditions. Our key objectives for Core+ going forward will be to: 1) grow our Terra Pool hashrate with a longer-term goal of reaching 10% network share; 2) create a carbon neutral BTC marketplace; and 3) actively transact bitcoin in a carbon neutral manner through Terra Pool using our Petra technology. We remain committed to these goals, as we believe achieving them will enable us to grow our Core+ revenue to be significantly larger in the long-term. We also plan to make our first Petra main-net bitcoin transaction soon. Petra enables financial institutions to transact bitcoin using carbon neutral energy sources, while DMG’s Walletscore technology ensures they are not commingling their bitcoin with transactions using wallets that have been blacklisted by the US Department of Treasury’s OFAC (Office of Foreign Assets Control). We believe the Bosonic Exchange could become a platform for transacting bitcoin using Petra technology and are in discussions with Bosonic to integrate. We expect more regulation and oversight in North America post-FTX. Assuming miners are not incorrectly classified as money services businesses or forced to perform know-your-customer checks on broadcasted transactions, we believe DMG should be a net beneficiary from increased regulation. Board of Directors This year, we built a new independent board, as Steven Eliscu moved into a management role from his initial Board seat. We also added three new directors, John Place, who brings a wealth of legal and public sector experience, Kelly Allin, who comes with an accounting and audit background and J.D. Abouchar, an entrepreneur and investor with a keen understanding as to how the right management team and strategy can deliver returns to shareholders. We are happy to have such a spectrum of experience being brought to bear as we weather the current environment. DMG 5-Year Public Company Anniversary Finally, we would like to thank the employees of DMG for their hard work, as it will be our five-year public company anniversary on Feb 10. It is because of their hard work that we have built a company that is well positioned for the future. In the near term, we will stay focused on building up our foundation of bitcoin mining along with our software, which we continue to believe offers great long-term potential. Grant of Stock Options DMG also announces it has granted 200,000 stock options (“Options”) to a Company director. The Options are exercisable for a period of five years at a price of $0.17 per share and will vest as to 25% on each of the six-, 12-, 18-, and 24-month anniversaries of the grant date. About Terra Pool Terra Pool (terrapool.io) is a cryptocurrency mining platform operated by DMG’s Blockseer software company. Terra Pool is the world's first Bitcoin mining pool focused on clean energy. The purpose of this initiative is to accelerate the shift from conventional power to clean energy and reduce the impact of Bitcoin mining on the environment. Terra Pool aggregates the computing power of individual miners and then shares the received rewards and transaction fees proportionally among them so that miners are rewarded more consistently. 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 two business lines under the Core and Core+ strategies and unified through DMG's vertical integration. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate 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 hashrate 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 Communications 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 growth and expectations of the Terra Pool as well as its Petra and Walletscore technologies, developing and executing on the Company's products and services, the increase in Bitcoin self-mining and achieving its target of 1 EH/s, the expected arrival of new miners and the increased hashrate once the miners are installed and operating, implementation of immersion cooling and the expected increase in hashrate, development of the Core+ strategy, the Company’s plans and goals, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. 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, 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 and...
- Reddit Posts (Sample): [['u/AwkwardDilemmas', 'Prepare for a pump tomorrow...', 12, '2023-01-30 03:56', 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/', "EDIT: Welp, the setup didn't last, and I've withdrawn my open market orders this morning. I'll wait for the next time.\n\n​\n\nA couple of weeks ago, I predicted a 20% to 40% bump in HUT stock price (on the TSX), (after a weekend BTC pump of about 7%. We got 20ish%, lower than I though because I forgot that the US markets were not open on the Monday following the previous close.\n\nNot this time.\n\nI think we're looking at 4% to 8% (perhaps as much as 10%) gap on up on Monday morning (all markets, US and Can churning) and then a 10% to 20% further pump within the first three hours of the market.\n\nBut specifically, gap up to between 2.69 and 2.80 (all prices CAD), with continuation (one to three hours) to between 2.86 and 3.20.\n\nI'll be buying market at open (10K or so worth) for a short term snip of 10% to 20%. If there's no big pullback (and if BTC remains stable) I'll set a S/L somewhere reasonable and in the money.\n\nThe last time BTC was at this level, Aug 16ish, HUT was at 4.57. It' s not beyond the realm for HUT to reapproach this price.\n\n​\n\nCounter indicators...\n\nBTC has just pulled back a bit, from a rise of 4.2% from close to (only) 2.8% presently. Reminder that HUT increased 20% as a result of a weekend BTC rise of 3.7% on Jan 9. If BTC falls significantly, I'' cancel my market order before open. If I'm in the green by 12pm EDT, I might ride out the minor corrections up through the FOMC meeting on Wednesday.\n\nI think this week's action can be very profitable. That's MY research.", 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/', '10oqsej', [['u/Mr2BOBOCATS', 13, '2023-01-30 04:49', 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/j6gimgl/', '10k shares on the TSX are in for this ride. But don’t wake me up until they’re north of $15 a share.', '10oqsej']]], ['u/Flurb789', 'just calculated my household net worth. we have 5% in bitcoin', 98, '2023-01-30 04:00', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/', 'how much do you guys have as a % of net worth?', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/', '10oqvbn', [['u/DatBuridansAss', 75, '2023-01-30 04:13', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gdmy8/', 'Over 80%', '10oqvbn'], ['u/Upset-Location-6460', 36, '2023-01-30 04:18', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gecrv/', 'Everything except one year living expenses in cash.', '10oqvbn'], ['u/Flurb789', 10, '2023-01-30 04:24', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gf990/', 'well done', '10oqvbn'], ['u/satoshisfeverdream', 27, '2023-01-30 04:41', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6ghkxn/', 'Gotta pump those numbers..those are rookie numbers.', '10oqvbn'], ['u/Flurb789', 11, '2023-01-30 04:47', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gib4n/', "i mean...i'm including my house/mortgage in my net worth calc...", '10oqvbn'], ['u/Any-Cartographer4771', 31, '2023-01-30 05:07', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gktno/', 'Nice try, IRS', '10oqvbn'], ['u/A_Successful_Loser', 43, '2023-01-30 06:22', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gt3zw/', 'Did he stutter', '10oqvbn'], ['u/life762', 15, '2023-01-30 07:38', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h03pl/', "That's what the net worth equation is... Total assets minus total liabilities.", '10oqvbn'], ['u/bobbytabl3s', 12, '2023-01-30 08:01', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h1z6z/', "Maybe he doesn't have one?", '10oqvbn'], ['u/zaphod153', 36, '2023-01-30 09:42', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h9ho3/', '- real estate 11%\n- stocks 16%\n- bitcoin 64%\n- other assets 9%\n\nhow am I doing?', '10oqvbn'], ['u/DmG90_', 13, '2023-01-30 09:42', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h9jcb/', "There's a reason I'm on Bitcoin, I was never able to buy a home (even when my current rent has always been higher than a down-payment), I have zero to no financial growth before I learned about Bitcoin.\n\nSo here I am enough to get a loan, but not without cashing everything. My gut is telling me to double down on Bitcoin, and that's exactly what I've been doing past years", '10oqvbn']]], ['u/kaiju505', 'One thing I can’t get over. I have a bachelor’s in physics, 90% of a masters in nuclear engineering, a slave to some guy who bought a ton of bitcoin to buy drugs on Silk Road.', 126, '2023-01-30 04:01', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/', 'I quit grad school because I couldn’t keep down ramen anymore and web development started to pay off, this was right after Fukushima and everyone was saying they were going to close all of the nuke plants. I feel like every industry I try to join dies a horrible death. Guess who got their commercial pilot’s license in 2008… lmao this guy! Now I’m a web developer working for a guy woul got rich buy buying a shit load of bitcoin so he could, and I quote “buy phat fucking stacks of coke off of Silk Road bro”. I do astronomy as a hobby, I see all of the vast unknowable expanses of the universe around me and honestly, if aliens abducted me, it would be the single greatest thing that ever happened to me. Life on this single isolated mote of dust is horrifically tedious', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/', '10oqvqm', [['u/Adolfo1980', 46, '2023-01-30 05:44', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gp52x/', 'Holy shit, what did I just read?', '10oqvqm'], ['u/Any-Wall-5991', 27, '2023-01-30 06:02', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gr1dw/', 'Wild ride start to finish', '10oqvqm'], ['u/banky33', 24, '2023-01-30 06:48', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gvo24/', "If it's any consolation, you'll both be dead and rotting in the ground one day. \n\nFinish that last 10% -- YOLO (but actually)", '10oqvqm'], ['u/FridayMcNight', 21, '2023-01-30 08:07', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6h2gmd/', "> Guess who got their commercial pilot’s license in 2008…\n\nYour peers who continued after the Colgan rule change are probably Captains at legacy carriers now. Professional aviation had a setback... it didn't die a horrible death.", '10oqvqm'], ['u/thatcatfromgarfield', 22, '2023-01-30 10:13', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6hbq81/', "Damn I know this doesn't help at all but all that stuff you did sounds hella cool... but yeah sucks that capitalism forces the thinkers/learners to work under those who happen to possess more than they do (no qualifications needed to be an employer except money most of the time)", '10oqvqm'], ['u/ThrowAwayWasTaken999', 18, '2023-01-30 13:14', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6hp7jf/', 'Dude, you have enough skills that you could be making a ton of money.\n\nDon’t commercial pilots make like 200-250k?\n\nYou could also do some freelance coding with that.\n\nOr go check out r/overemployed', '10oqvqm']]], ['u/Omni-Fitness', 'Am I biased for thinking most non-EVM based stuff in Web3 is sketchy?', 18, '2023-01-30 04:15', 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/', "I've been a long time Ethereum developer, and I have always held this belief: anything non-EVM based protocol or chain outside of Bitcoin, Ethereum, and maybe Chainklink should generally be avoided.\n\nSome stuff is certainly legit (e.g. application-focused Cosmos chains), but all if it is too centralized, isn't it?\n\nOr am I just being biased?", 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/', '10or6yq', [['u/FoxLeDev', 20, '2023-01-30 09:33', 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/j6h8vqd/', 'Oh, you know, most EVM based stuff is sketchy too.', '10or6yq']]], ['u/Double_Pride9258', 'Will bitcoiners be the beneficiaries of the Cantillon Effect if central banks adopt bitcoin as a reserve asset?', 23, '2023-01-30 05:12', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_beneficiaries_of_the/', 'It just occurred to me that if central banks print money to buy bitcoin, even if its not publicly known, inflation of all money relative to bitcoin will be extreme. This will be seen as a volatile movement or institutional adoption. Then, when it is made public there will be a run to buy more bitcoin.\n\nThis might have been covered in a book. But this leads me to believe hyperbitcoinization will be very dramatic. Is there a case where central banks dont print money to buy bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_benefi...
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.
|
23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04
|
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:**
['Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE --News Direct-- Oasys SINGAPORE - Media OutReach - 31 January 2023 - Oasys , a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank , a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, Bybit, Gate, and Huobi. The listing on bitbank will provide more opportunities for the investors to trade OAS tokens in the Japanese market and for Japanese gamers to play blockchain games from all around the world. According to statistics by Newzoo 1 , Japan is renowned for having the third-largest gaming market in the world after the U.S. and China, and it is also a market with a huge potential for blockchain gaming. The Japanese government has been proactively supporting the development and promotion of blockchain technology, and as the interest and adoption of digital assets continues to grow, it is expected that a greater number of Japanese gamers will start to embrace blockchain games. Daiki Moriyama, Director, Oasys, said: "We are thrilled to be listed on bitbank and to have the opportunity to expand our reach to the Japanese gaming market, which we see as having a tremendous potential for blockchain gaming. Our goal has always been to provide a seamless and enjoyable gaming experience on the blockchain, and this listing will allow us to do that for even more gamers in Japan." Atsushi Kuwabara, Head of Business Development , bitbank , said: “As Oasys is a game-focused blockchain, we expect them to build a foundation that will fully engage the game industry and lead to the expansion of the GameFi ecosystem. We selected Oasys in the hope that it would become known to many as a blockchain project originating from Japan that is taking on global challenges, and that it would inspire game developers to enter the web3 space." The OAS token has several utilities within the Oasys ecosystem, including the payment of gas fees for transactions on the platform, participation in Oasys’s decentralised governance process, allowing token holders to be involved in key decisions at Oasys, receipt of staking rewards for participating in the Oasys network, and payment for NFTs and other ecosystem-related products and services. The Oasys team looks forward to this listing and the opportunities it will bring for the growth and development of the blockchain gaming industry in Japan. Story continues _______________________________________________ 1 Market Statistics by Newzoo https://newzoo.com/insights/rankings/top-10-countries-by-game-revenues Important Notice This press release is intended for informational purposes only and does not constitute or serve as an offer to purchase or sell securities to any person in any jurisdiction. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games/ Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames About bitbank bitbank was founded in May 2014 for the steady spread of crypto assets such as Bitcoin. In July 2015, bitbank launched a bitcoin futures exchange, called bitbank Trade (until April 2019) for the first time in Japan of this kind of service. In March 2017, bitbank launched the crypto asset spot trading exchange "bitbank.cc" and is growing as the largest exchange by its spot trading volume. The founder, Noriyuki Hirosue, also has some other leading roles of essential organizations in the industry such as the director of Japan Virtual and Crypto assets Exchange Association (Self-Regulatory Organization), and the chairman of Japan Cryptocurrency Business Association. Contact Details Oasys Media Contact [email protected] Company Website https://www.oasys.games/ View source version on newsdirect.com: https://newsdirect.com/news/oasys-to-be-listed-on-leading-japanese-crypto-exchange-bitbank-783709988 View comments', 'Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE --News Direct-- Oasys SINGAPORE - Media OutReach - 31 January 2023 - Oasys , a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank , a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, Bybit, Gate, and Huobi. The listing on bitbank will provide more opportunities for the investors to trade OAS tokens in the Japanese market and for Japanese gamers to play blockchain games from all around the world. According to statistics by Newzoo 1 , Japan is renowned for having the third-largest gaming market in the world after the U.S. and China, and it is also a market with a huge potential for blockchain gaming. The Japanese government has been proactively supporting the development and promotion of blockchain technology, and as the interest and adoption of digital assets continues to grow, it is expected that a greater number of Japanese gamers will start to embrace blockchain games. Daiki Moriyama, Director, Oasys, said: "We are thrilled to be listed on bitbank and to have the opportunity to expand our reach to the Japanese gaming market, which we see as having a tremendous potential for blockchain gaming. Our goal has always been to provide a seamless and enjoyable gaming experience on the blockchain, and this listing will allow us to do that for even more gamers in Japan." Atsushi Kuwabara, Head of Business Development , bitbank , said: “As Oasys is a game-focused blockchain, we expect them to build a foundation that will fully engage the game industry and lead to the expansion of the GameFi ecosystem. We selected Oasys in the hope that it would become known to many as a blockchain project originating from Japan that is taking on global challenges, and that it would inspire game developers to enter the web3 space." The OAS token has several utilities within the Oasys ecosystem, including the payment of gas fees for transactions on the platform, participation in Oasys’s decentralised governance process, allowing token holders to be involved in key decisions at Oasys, receipt of staking rewards for participating in the Oasys network, and payment for NFTs and other ecosystem-related products and services. The Oasys team looks forward to this listing and the opportunities it will bring for the growth and development of the blockchain gaming industry in Japan. Story continues _______________________________________________ 1 Market Statistics by Newzoo https://newzoo.com/insights/rankings/top-10-countries-by-game-revenues Important Notice This press release is intended for informational purposes only and does not constitute or serve as an offer to purchase or sell securities to any person in any jurisdiction. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games/ Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames About bitbank bitbank was founded in May 2014 for the steady spread of crypto assets such as Bitcoin. In July 2015, bitbank launched a bitcoin futures exchange, called bitbank Trade (until April 2019) for the first time in Japan of this kind of service. In March 2017, bitbank launched the crypto asset spot trading exchange "bitbank.cc" and is growing as the largest exchange by its spot trading volume. The founder, Noriyuki Hirosue, also has some other leading roles of essential organizations in the industry such as the director of Japan Virtual and Crypto assets Exchange Association (Self-Regulatory Organization), and the chairman of Japan Cryptocurrency Business Association. Contact Details Oasys Media Contact [email protected] Company Website https://www.oasys.games/ View source version on newsdirect.com: https://newsdirect.com/news/oasys-to-be-listed-on-leading-japanese-crypto-exchange-bitbank-783709988 View co
**Last 60 Days of Bitcoin's Closing Prices:**
[17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-31
**Financial & Commodity Data:**
- Gold Closing Price: $1929.50
- Crude Oil Closing Price: $78.87
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,745,048,925
- Hash Rate: 224956785.42909947
- Transaction Count: 313500.0
- Unique Addresses: 709466.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cryptocurrency bank Silvergate Capital has laid off 40% of its staff, or about 200 employees, after the collapse of FTX.com sparked mass withdrawal requests worth around US$8.1 billion. See related article: Biggest blockchain trends for 2023 and beyond Fast facts Silvergate liquidated debt from its balance sheet to honor the withdrawal requests, losing US$718 million in the process, The Wall Street Journal reported . FTX, the Bahamas-based bankrupt cryptocurrency exchange, and its subsidiaries accounted for around US$1 billion of the banks deposits, according to The Wall Street Journal. The bank has since cut 40% of its workforce and said it would scale back business operations. Crypto deposits at the bank fell to US$3.8 billion in the fourth quarter of 2022, a 68% drop from US$11.9 billion in Q3, according to Silvergate . The bank said it still intends to provide crypto-related services for its customers despite the losses. Silvergates stock price has dropped around 70% over the past three months on the New York Stock Exchange. See related article: Crypto market pain will continue but still bullish on Bitcoin lending: Silvergate...
- 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.
|
23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform.See related article:Celsius misled investors, spent customer funds, bankruptcy examiner claims\n• Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according todata from CoinMarketCap.\n• Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well.\n• Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week.\n• The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion.\n• U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%.\n• Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001.\n• Markets gained on strong earnings, withExxon Mobil CorpandPfizer Inc.both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production.\n• The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\n• (Updates to add US labor costs in bullet point nine.)\nSee related article:January weekly crypto product investment reaches highest since July, says CoinShares report', 'Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform.See related article:Celsius misled investors, spent customer funds, bankruptcy examiner claims\n• Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according todata from CoinMarketCap.\n• Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well.\n• Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week.\n• The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion.\n• U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%.\n• Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001.\n• Markets gained on strong earnings, withExxon Mobil CorpandPfizer Inc.both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production.\n• The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\n• (Updates to add US labor costs in bullet point nine.)\nSee related article:January weekly crypto product investment reaches highest since July, says CoinShares report', 'Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform. See related article: Celsius misled investors, spent customer funds, bankruptcy examiner claims Fast facts Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according to data from CoinMarketCap . Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well. Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week. The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion. U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%. Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001. Markets gained on strong earnings, with Exxon Mobil Corp and Pf i zer Inc. both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production. The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year. The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020. Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator. (Updates to add US labor costs in bullet point nine.) See related article: January weekly crypto product investment reaches highest since July, says CoinShares report', "Tesla lost over $140 million betting on Bitcoin last year, according to a Monday filing with the U.S. Securities and Exchange Commission. The electric car manufacturer took a $204 million impairment charge while gaining $64 million through converting Bitcoin in 2022. \x93In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us,\x94 Tesla said in the filing. An impairment charge describes a reduction or loss in the value of an asset. It can occur because of a change in economic circumstances, like the crypto winter that gripped the market after the collapse of Terra Luna in May 2022. The annual disclosure to the SEC comes less than a week after Tesla
**Last 60 Days of Bitcoin's Closing Prices:**
[16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-01
**Financial & Commodity Data:**
- Gold Closing Price: $1927.80
- Crude Oil Closing Price: $76.41
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,642,019,700
- Hash Rate: 267991996.5546664
- Transaction Count: 345561.0
- Unique Addresses: 745886.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin Well Online User Growth Online user growth over the last several months EDMONTON, Alberta, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Bitcoin Well Inc. (TSXV: BTCW) (Bitcoin Well or Company) is pleased to announce executive promotions alongside a company update in advance of our Q4 and Year End 2022 financials. The Company is excited to report the promotion of Allen Stephen, CPA, CA as an official member to the Board of Directors. Allen has been an integral part of our team over the last year and has helped us on a number of different initiatives. We are excited to have him as a prominent member of the Board of Directors to continue to help shape the strategy of our organization. Bitcoin Well is equally pleased to announce the promotion of Luke Thibodeau, CPA, CFA as Chief Financial Officer. Luke has been a member of our organization since 2020, serving as the Director of Finance, Chief Compliance Officer, and interim Chief Financial Officer in that time. Im looking forward to the transition to the Board and proud to hand over the CFO position to Luke, whom I have worked closely with over the past 12 months, stated Allen. Im going to continue to bring my fintech, banking and start-up experience to our strategic Board of Directors, while we continue to build in this revolutionary industry. Luke Thibodeau has successfully led high-performing accounting and finance teams throughout his career. His financial background includes tenure at both MNP LLP, one of Canadas leading accounting and professional services firms, and PriceWaterhouseCoopers (PwC), an international professional services firm. Mr. Thibodeau earned his Chartered Professional Accountant (CPA) designation from the CPA Western School of Business in 2020, and his Certified Anti-Money Laundering Specialist (CAMS) designation from the ACAMS institute in 2021. In addition to this, Mr. Thibodeau became a Chartered Financial Analyst (CFA) charterholder in December 2022. Luke has been a valued member of our team since he joined the team nearly three years ago. He was quick to pick up on the nuances of our industry, and now is rooted in a Bitcoin philosophy that might rival some of the greatest Bitcoin OGs, said Adam, founder and CEO of the Company. With the addition of his CFA charter last year as well as working with Allen, I have personally seen his financial knowledge and expertise grow to a level that I am confident will allow Bitcoin Well to thrive as we enter a new era of the Bitcoin industry and the public markets. Story continues Finally, the Company is announcing an update to the development of our online portal at bitcoinwell.com/app . Since securing Convertible Debt in February 2022, we have achieved a number of technological and user milestones. As a reminder, our online portal is a non-custodial platform that allows individuals to buy and sell bitcoin in under 30 seconds directly from their bank account using either Interac e-Transfer or Visa Debit. Bitcoin Well is the fastest and safest place to buy bitcoin online, said Adam OBrien, founder and CEO of Bitcoin Well. One of the key successes of our portal has been its ability to attract and retain customers with little to no marketing or advertising costs, continued Adam. While we expect the average customer acquisition cost to increase (currently around $2/user), we are committed to innovation which will help us add fuel to the spark that was our 2022 growth. The Companys non-custodial ecosystem allows for users to have the speed and competitive pricing they are accustomed to, wrapped in the safest way to buy bitcoin. I believe our non-custodial platform offers the obvious alternative to customers actively seeking out a safer place to buy bitcoin in the wake of a year full of custodian failures. The online user growth over the last several months is captured in the following graphic: Online user growth over the last several months The Company is set to release Q4 and 2022 financial results on February 16. About Bitcoin Well Bitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission. Sign up for our newsletter and follow us on LinkedIn and Twitter to keep up to date with our business. Bitcoin Well Contact Information To book a virtual meeting with our Founder & CEO Adam OBrien please use the following link: https://calendly.com/adamobitcoin/meet-adam For additional investor & media information, please contact: Tel: 1 888 711 3866 [email protected] Neither 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 release . Forward-Looking Information: Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. For more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ef6a421-3eff-4ac3-9333-d51a0b3bebf5...
- Reddit Posts (Sample): [['u/Kroftyy', 'I just finished watching The Challenge: Champs v Stars for the first time. Here are some of my thoughts!', 37, '2023-02-01 01:46', 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/', "Hey all,\n\nBack with another nice and quickly this time!\n\nToday I bring to you my thoughts on my twenty-eighth season of The Challenge, and my second spinoff, Champs v Stars! Again, much like the first spinoff, it’s a fun, fluffy season, that isn’t too serious, and an easy watch. It feels largely pretty inconsequential, whilst at the same time, having some major moments for certain characters that I wouldn’t have wanted to miss. \n\nLike my v Pros post, this is going to be a shorter form post again, just because there’s quite a bit less to talk about.\n\n**Disclaimer: At this stage I have only seen seasons 5-30, CvP and CvS of The Challenge, please refrain from spoiling any other seasons, or returning players. Thanks :)**\n\n**TL;DR Summary**\n\nChamps v Stars is the second official spinoff from the main show. It pits a group of challengers, notably not Champs only, despite the name, against a number of ‘Stars’, ranging between TV Stars, to Sports Stars, etc. The season has summer-camp vibes, with simple and fun challenges. There is a small amount of drama, but what’s there is interesting enough, and both the Champs and Stars are relatively well cast. Unfortunately the season is incredibly one-sided, with Champs winning every single challenge. Everyone seems to be having fun though, and enjoying raising money for charity. \n\n**The Good**\n\n​\n\n* Lots of money raised for fantastic charities\n* Everyone is generally having a good, fun time, and not taking things too seriously\n* Emily S and Wes\n* Dailies are dumb fun, and eliminations are pretty good too\n\n**The Not So Good**\n\n​\n\n* Quite a few of the Stars really phone it in, and seem to not want to be involved.\n* So many DQs/quits\n* Stupidly one-sided - Champs win every single daily challenge through the entire season\n* The final is so dumb, and simply a bunch of Carnival games followed by a short stint of endurance. \n\n**The format**\n\nA quick note on the format this season. It’s a pretty simple one, but it’s nice to have a simple format sometimes.\n\nWe have 10 Challenge Competitors (not, not Champions only, despite the name), staring down against 10 ‘Stars’, ranging from people famous from TV Shows, to sports stars and music artists. \n\nEach episode, the Champs face the Stars in a daily challenge - these challenges are all dumb fun, and involve things like trampoline basketball and giant foosball. The winners of each challenge get to self-nominate and MVP - this most-valuable-player has sole power to nominate an LVP from their team (male or female depending on what ‘day’ it is) to send into elimination. The losing team also needs to nominate a LVP, but it is done via majority vote rather than someone possessing all the power. \n\nEliminations play out much like the main show, with alternating male and female days, and winners reentering the game, whilst losers head home. It was nice for the Champs to ACTUALLY verse the Stars, per the name of the season - whereas last season had Champ v Champ and Pro v Pro eliminations.\n\nThat’s about it, format wise. There is a giant purge before the final challenge where SIX people go home. The top performing male and female from each team stays in the game, and then they get to decide on the third person (male OR female) who will be joining them. A weird choice, but it’s a weird season, so I’m fine with it.\n\nOverall, I enjoyed the format. It’s super simple, but it’s a fun enough one and lead to some fun drama. \n \n\n**The cast**\n\nThoughts that are a bit more rapid-fire than usual, being a spin-off and all that. \n\n**The Champs**\n\nThe Champs have a pretty good team foundation - I like the cast they brought together, even though I DID go into the season expecting CHAMPS. \n\n**Bananas:** Johnny is Johnny. He’s having a lot fun this season and is in prime asshole form, instigating people, making fun of people, etc. It was nice to see how much he cared about his charity, and I was honestly fine with seeing him win this time around. \n\n**CT:** The same kind of appearance we’ve seen on the last few seasons from CT, for better or worse. Again, he’s having a lot of fun, much like Johnny. He has some really funny moments, and I particularly enjoyed his verbal altercation with TO, harkening back to the old CT. \n\n**Emily S:** My favourite challenger by far this season - I’ve always been a huge fan of Emily, and that hasn’t changed. She’s just the best. A physical beast, dominating everything she tries, whilst also being really down to earth and likeable. I could root for her on any season, EASILY. I hope this appearance means we are due to see more of her on the main show.\n\n**Tori:** Really enjoyed seeing Tori sub in, even though it was quite a late addition to the show (seriously late - supposedly replaced Ashley who left, what, episode 2?). She maintains the same fun energy that she had in her debut season, and I loved seeing more of her. It was fun seeing her talk about being out of depth, particularly at the end when the remaining people on her team were all HUGE challenge players through the years.\n\n**Wes:** A very fun Wes season imo, I hope to see him back on the main show ASAP. He’s at peak arrogance and cockiness, and I loved how much fun he was having trying to be a mastermind. Wes v Bananas rears its head here, and has some great moments (like the MVP debacle). \n\n**Zach:** A pretty low-key season for Zach. He has some good physical moments, but is largely a background character, and manages to not be too much of a douche. Appreciate him giving his second MVP winnings to Ashley’s charity, and he seemed to have genuine care for Jenna when she as injured.\n\n**Aneesa:** A very forgettable Aneesa season. I couldn’t believe it when she got a CAGE MATCH elimination against a UFC fighter. Had me dying.\n\n**Ashley:** A sad season for Ashley - she has had such a bad run of luck over these last few seasons and I really feel for her. Hoping she comes out of all of this one the other side better and stronger.\n\n**Jenna:** Such an unfortunate injury for Jenna - it seemed pretty serious so I’ll be interested to see if it impacts her on future seasons. Up until he injury her entire storyline was ‘ohhhhh Zach’ though. Facepalm.\n\n**Cory:** Huge surprise to see Cory as a first boot - would have loved to see him stick around longer.\n\n**Camila:** And finally we have reached the final Camila appearance, afaik. What a fantastic day. I knew something was up from the moment the season started because she got ZERO screen time. It’s like she wasn’t even there. Cue her drunkedly humping concrete before the PA assault and joy-riding a golf buggy. Sayonara, hope to see you never.\n\n**The Stars**\n\nA bit of a kooky gathering this season - I personally don’t know any of them, but they were fun enough I guess. Some worth calling out:\n\n​\n\n* **Justina** was great fun - really leaning into the drama of the show, whilst being a good physical competitor too.\n* **Michelle** was great - really likeable, and again, a good competitor.\n* **Matt** was a good addition if only for his flip-flopping between alliances, and all the drama that generated.\n* **Riff Raff** was honestly an icon. What crazy casting. So many wacky things, I don’t even know if this guy knew where he WAS half the time.\n* **Romeo** introduced a good amount of drama too - I liked his friendship with Wes, and was gobsmacked at him pulling in his security team to stand-off with Zach lmao\n* **Terrell** is an obvious loose-cannon. Would have loved seeing him stick around, largely because he was causing so much conflict, but what we got was still pretty entertaining. Really felt like he didn’t want to be there though.\n\nThe others are either completely forgettable, or just a bit invisible imo.\n\n**The challenges**\n\nThe challenges this season are VERY different to a typical Challenge season. They really, REALLY lean into ‘summer camp’ vibes, with almost all challenges being at some weird location, and a bit dumb. They were all QUITE fun though.\n\n**The dailies**\n\n​\n\n* **Parkour the Course** was my favourite challenge of the season. Such cool design. One person is let loose in a parkour gym, where there are a number of scattered flags around the obstacles, worth a differing number of points. After a set amount of time, a ‘Chaser’ is released from the opposite team who needs to tag the other player, ending their run. A great combination of parkour and tag, and it was so much fun to watch some of these challenge Vets play this game\n* **Slamball** is another fantastic one - nice and simple, basketball in a trampoline arena. Lots of funny moments and big hits here.\n* **Jumbo Foosball** is ridiculous in all the right ways. Seeing everybody get so aggressive and try so hard when they are playing FOOSBALL is just hilarious. This is about the only time there was good competition between the two teams as well.\n* **Sink or Swim** is a good Purge challenge, although it felt strange for everything to hinge on a particular skill like swimming. It involves completing a set of underwater obstacles. I kept getting taken out of it a little bit every time I was like ‘oh, they are at a local pool, lol’, but it was still good fun, and pretty close.\n\nThe other dailies were all fun as well, but had less standout moments. The only complete flop is **Flag Pole,** where individuals need to run down a path, collecting flags for time deductions, before climbing a moving pole to collect more flags, and swimming to a bell. The only problem being the pole fell over straight away EVERY SINGLE TIME, practically being useless. It would have been impossible, and time-inefficie...
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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23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88
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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:**
['WASHINGTON--The Federal Reserveis easing its foot a bit further off the brake.\nBut it appears far from ready to step on the economy’s accelerator.\nThe Fed, as expected,raised its key short-term interest rate by a quarter percentage point Wednesday, throttling back from a half-point hike in December and acknowledging that a historic inflation spike is slowing.\n“Inflation has eased somewhat but remains elevated,” the Fed said in a statement after a two-day meeting.\nThe central bank appears reluctant to signal that its aggressive campaign to beat back price increases is nearing an end even as it begins tobalance the benefits of the initiative with growing recession risks.\nMany may still struggle:A smaller rate hike is expected at the Fed meeting\nCredit cards, mortgage rates and auto:See how much fed interest rates have affected how much you pay\nStill, Fed Chair Jerome Powell hinted that could halt its campaign\xa0after "a couple more rate hikes."\nIn its statement,the Fed repeated that “ongoing (rate) increases…will be appropriate” to bring down yearly inflation to the Fed’s 2% goal. Some economists expected the Fed instead to say “additional increases” would be needed, hinting the Fed is close to winding down the hiking cycle.\nAt\xa0a news conference, Powell said inflation "has moderated but remains too high."\n"We still think there\'s work to be done there." he said. "We haven\'t made a decision\xa0on exactly where" rates will peak.\nThe Fed’s latest move brings the federal funds rate to a range of 4.5% to 4.75%, up from near zero in March, in its boldest flurry of rate increases since the early 1980s.\nPowell said the Fed ultimately could stop short of the level officials forecast in December or go beyond it, depending on how rapidly inflation falls. He initially said the central bank would rather err on the side of hiking too much to stamp out high inflation.\n"I continue to think that it\'s very difficult to manage the risk of doing too little,"\xa0he said.\nLater, however,\xa0 Powell signaled that if inflation follows the course officials expect, the Fed is on track to push the Fed\'s key rate\xa0to the 5% to 5.25% ra ngeand then pause. That would require two more quarter point hikes -- in March and May.\n"We\'re talking about a couple more rate hikes to get to that level that is sufficiently restrictive," he said,\nWednesday\'s hike is expected to further slow economic activity as it drives up rates for credit cards, adjustable rate mortgages and other loans.\xa0But Americans, especially seniors, are finally reaping higher bank savings yields after years of meager returns.\nIn recent weeks, Fed official have noted that inflation has cooled somewhat and another step down to a quarter point rate increase was likely after four straight three-quarter point hikes gave way to December’s half-point move.\nDebt ceiling dangers:5 ways your finances could be impacted now that the U.S. hit the debt ceiling\nThe big question, though, is – How high will the Fed go?\nIn December, Fed officials’ median estimate had the federal funds rate peaking soon at a range of 5% to 5.25% -- a level that some economists believe is likely to tip the U.S. into recession – and staying there the rest of the year.\nMarkets, however, predict the central bank will pause after bumping the funds rate to 4.75% to 5% in March and begin cutting it by year’s end.\nAsked if the Fed could stop before the rate hits 5% to 5.25%, Powell said Wednesday, "Certainly, it\'s possible," depending on inflation and labor market data over the next couple of months. "Absolutely it\'s possible."\n"The end of the hikes is in sight," Ian Shepherdson, chief economist of Pantheon Macroeconomics wrote to clients, adding he believes the Fed will bump up rates, at most, by another quarter point in March.\nPowell\xa0downplayed the chances of a rate cut in 2023 as the economy weakens. "Given our\xa0outlook, I don\'t see us cutting rates this year," he said, adding that could change if inflation moderates\xa0more quickly than anticipated.\nStruggling with bills:Even with a mild winter, more Americans struggle to pay their energy bills\nReports in recent weeks have provided some ammunition for Fed officials who favor softening its stance. Inflation has eased more rapidly than projected, falling to 6.5% in December from 7.1% the previous month and a 40-year high of 9.1% in June.\nMeanwhile, the economy is losing some steam. Job growth has declined to a still-solid average monthly pace of 247,000 the past three months from 366,000 the previous quarter. And retail sales and business investment fell late last year.\nBut Powell has said the central bank won’t halt its hiking campaign until it sees\xa0proof that wage growth is slowing in service industries like health care, education and restaurants.\xa0Price increases in those sectors account for the lion’s share of inflation, he said, and they’re tied mostly to labor costs.\n"We will need substantially more evidence to be confident inflation is on a sustained downward path," Powell said Wednesday.\nWhere a recession would hit hardest:What regions would bear the brunt of a downturn?\nCompensation – including pay and benefits – increased 1% the last three months of the year, down from 1.2% in the third quarter and below economists’ estimates, the Labor Department said this week.\nBut wages and salaries were still up a robust 5.1% annually, a tick below the third-quarter gain.\nAnd employers posted 11 million job openings in December, modestly below an all-time high and above the prior month’s 10.4 million and pre-pandemic level of about 7 million, Labor said Wednesday. Meanwhile, the share of adults working or looking for jobs was stagnant last year at about 62.3% after climbing back toward the pre-pandemic mark of 63.3% in 2021.\nPowell has said he’s looking for a better balance of labor demand and supply to ensure wage growth is moderating.\n"The labor market continues to be out of balance," he said Wednesday.\nAnother challenge the Fed faces is that a softer approach to rate hikes likely would juice stocks and tamp down mortgage rates and other borrowing costs, bolstering the economy. And that could push back against the Fed’s goal of bringing down inflation.\n"We\'re going to be very\xa0cautious about declaring victory and sending signals that we think that the game is won," Powell said Wednesday.\nStocks indices turned slightly higher as\xa0of 2:50\xa0p.m. ET. The Dow Jones Industrial Average edged up by 30 points\xa0or 0.09%, while the S&P 500\xa0rose 33 points or 0.8%,\xa0and the Nasdaq Composite gained\xa0177 points or 1.6%.\nStocks kicked off 2023 with a bang. The Dow gained nearly 3% last month while the S&P 500 and Nasdaq notched even bigger gains.\nThe tech-heavy Nasdaq had its best January since 2001.\nYou can watch Powell speak at 2:30 p.m. ET by clicking the followinglink.\nAfter today\'s expected rate hike, it\'s likely that the Fed will raise rates again at its March meeting barring any dramatic shifts in inflation.\nAn acronym you\'re bound to hear a lot today is FOMC. That stands for\xa0Federal Open Market Committee. The FOMC is a group of 12 people who vote on interest rate decisions.\nSeven of the 12 people are on the\xa0Board of Governors at the Fed (that includes Fed Chair Powell). Another seat is filled by the President of the New York Fed and the remaining four seats are a rotating group of presidents from the 11 other regional Fed banks.\nThere were seven rate hikes in 2022. Four of the seven hikes were in 75 basis-point hikes, two were 50 basis-point hikes and one was a 25 basis-point hike.\nStocks are trading near session lows of the Fed decision. As of 12:51 p.m. ET the Dow Jones Industrial Average was down by 1% while the S&P 500\xa0 was down by 0.6% and Nasdaq Composite was down by 0.3%.\nGDP report shows economy still expanding\nDespite ongoing fears of a recession, theU.S. economy is still growing, albeit at a much slower pace than in 2021.\nIn the last quarter of 2022,\xa0the nation’s\xa0gross domestic product, the value of all goods and services produced in the U.S., expanded at a seasonally adjusted annual rate of 2.9%. The gains can be traced to solid consumer spending and business stockpiling.\nOverall in 2022, the economy grew 2.1% following a 5.9% advance the prior year that was juiced by an easing pandemic.\nStagflation happens when\xa0economic growth is sluggish while inflation is high. Theterm lacks a formal definitionor specific threshold, but elements\xa0include high\xa0unemployment\xa0and a weakened\xa0economy as prices climb.\nSome economists worry that the U.S. will enter a period of stagflation since prices remain high and layoffs are mounting. But so far the U.S. unemployment rate is at a historic low.\nInterest rates for auto loans have risen since the Fed began hiking rates.\nHere are the latest average interest rates for auto loans according to Bankrate data:\n• 60-month new car: 6.18%\n• 48-month new car: 6.17%\n• 48-month used car: 6.83%\n• 36-month used car: 6.49%\nAs\xa0the Fed hiked interest rates, 30-year fixed-rate mortgages shot up in 2022 as the Fed hiked interest rates.\nAt the start of last year, average 30-year fixed-mortgage rates hovered around 3%, according toFreddie Mac\xa0data. Now they\'re double that. However, they\'ve come down from a November peak of over 7%, the highest level since 2002.\nThe fall in mortgage rates isspurring demand from homebuyers, USA TODAY\'s Bailey Schulz reported citing recent data from the Mortgage Bankers Association.\nThe housing market cooled tremendously over the last year from the pandemic-era housing boom the Fed\'s low-interest rate environment ignited.\nRelief for homebuyers in 2023:Mortgage rates at lowest levels since September\nMortgage rate buydowns:They\'re on the rise as homebuyers cope with high interest rates\nThe first jobs report of the year is due on Friday. But members of the Fed won\'t have to wait un
**Last 60 Days of Bitcoin's Closing Prices:**
[17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-02
**Financial & Commodity Data:**
- Gold Closing Price: $1916.30
- Crude Oil Closing Price: $75.88
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $458,736,125,575
- Hash Rate: 283641164.23669064
- Transaction Count: 340169.0
- Unique Addresses: 752262.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images US stocks opened mixed on Tuesday as investors digested comments from Federal Reserve officials. Chairman Jerome Powell said at conference in Stockholm that restoring price stability requires unpopular decisions. On Monday, San Francisco and Atlanta Fed presidents suggested higher rates for longer. US stocks opened mixed but largely flat on Tuesday as investors digested hawkish comments from Federal Reserve officials. Chairman Jerome Powell said at conference in Stockholm that restoring price stability requires unpopular decisions. A day earlier, Federal Reserve presidents from Atlanta and San Francisco suggested that the central bank could keep rates above 5% for a prolonged period. Meanwhile, the consumer price index report on inflation is due out Thursday, and analysts at Deutsche Bank predict a year-over-year increase of 6.3% against a broader consensus of 6.5%. On core inflation, which strips out volatile food and energy components, Deutsche foresees a slowdown to 5.6% from 6% a month earlier. Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday: S&P 500 : 3,891.14, down 0.02% Dow Jones Industrial Average : 33,522.60, up 0.01% (4.95 points) Nasdaq Composite : 33,522.60, up 0.01% Here's what else is going on: Crypto trading firm Coinbase plans to cut 20% of its staff in another round of layoffs. BlockFi's chief executive withdrew $9 million from the platform right after receiving a loan from FTX. BlackRock's bond chief thinks its "foolhardy" to think the central bank will cut interest rates this year. A rally in the housing market could push up Zillow stock as much as 20%, according to Bank of America . In commodities, bonds, and crypto: Oil prices ticked up, with West Texas Intermediate gaining 0.39% to $74.92 a barrel. Brent crude , the international benchmark, rose 0.41% to $79.99 a barrel Gold was little changed with a 0.09% gain to $1,873.26 per ounce The 10-year yield climbed up 6.7 basis points to 3.587% Bitcoin edged up 0.14% to $17,254.64. Read the original article on Business Insider...
- 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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23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nMarathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market.\nThe miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in astatement. The company still holds about 11,418 bitcoin in its reserve.\nThe move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), whichstarted selling some of its mined bitcoin last year. Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even afterindicating that it may sell at some point. The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement.\nThe miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around282.55 EH/s, implying Marathon has about 4% of the global computing power.\nMarathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said.\nThe shares of the minerrose on Thursday with the broader market. However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally.\nRead more:Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Join the most important conversation in crypto and web3! Secure your seat today Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market. The miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in a statement . The company still holds about 11,418 bitcoin in its reserve. The move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), which started selling some of its mined bitcoin last year . Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even after indicating that it may sell at some point . The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement. The miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around 282.55 EH/s , implying Marathon has about 4% of the global computing power. Marathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said. The shares of the miner rose on Thursday with the broader market . However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally. Read more: Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Join the most important conversation in crypto and web3! Secure your seat today\nMarathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market.\nThe miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in astatement. The company still holds about 11,418 bitcoin in its reserve.\nThe move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), whichstarted selling some of its mined bitcoin last year. Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even afterindicating that it may sell at some point. The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement.\nThe miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around282.55 EH/s, implying Marathon has about 4% of the global computing power.\nMarathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said.\nThe shares of the minerrose on Thursday with the broader market. However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally.\nRead more:Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Bitcoin and Ether traded mostly little changed Friday morning in Asia after a strong run up in the week so far, with other top 10 cryptocurrencies mixed. Binance’s BNB led the gainers, while Dogecoin lost some more steam following a jump earlier this week on speculation it may play a role in the Twitter payment system being considered by Elon Musk. U.S. tech stocks gained overnight in market hours, but Apple Inc., Amazon.com Inc. and Alphabet Inc. fell after-hours on disappointing Q4 earnings released after the market closed.\nSee related article:Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis\n• Bitcoin slipped 0.93% to US$23,500 in the 24 hours to 8 a.m. in Hong Kong, but is up 1.91% in the past seven days. Ether inched 0.23% higher to US$1,645, adding to gains for the week of 2.49%, according toCoinMarketCap data.\n• “Bitcoin has been able to maintain its $23,000 price level, which it broke last week. While there is some selling pressure at $24,000, the higher resistance levels are a positive for the crypto market,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchange SynFutures, toldForkastin an emailed comment.\n• Binance’s BNB token gained 1.87% to US$323.29, leading the gains among the top 10 non-stablecoin tokens by market capitalization, and adding 6% over the past week. Polkadot and memecoin Shiba Inu both rose 1.25%.\n• Dogecoin lost 3.12% to US$0.0912, while layer-1 blockchain Solana’s native token fell 2.61% to US$24.34. Dogecoin is still up 5.36% for the seven days after the token’s advocate and Twitter chief executive Elon Musk said he was looking to add a payments system to the social media platform, fuelling speculation Dogecoin may be included.\n• The global cryptocurrency market capitalization dipped 0.19% to US$1.08 trillion, while total trading volume grew 18.40% to US$65.89 billion.\n• U.S. equities were mixed on Thursday. The tech-focused Nasdaq Composite Index added 3.25% and the S&P 500 Index gained 1.47%. The Dow Jones Industrial Average dipped 0.11%.\n• Apple shares rose 3.71% in Thursday market-hours trading but then reversed after-hours to drop 3.2% when it released its 2022 Q4earnings reportthat showed revenue fell 5% — the largest year-on-year decline since 2019. Shares in Amazon.com and Google’s parent company Alphabet followed the same pattern; rising during market hours and then falling after-market due to disappointing earnings reports.\n• The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points to 2.5%,confirming expectations, and indicated it will raise another 50 basis points in March in itsstatement. The Bank of England also hiked interest rates by 50 basis points to 4% from 3.5%. However, it added that inflation may have peaked in the UK.\n• On Wednesday, the U.S. Federal Reserve raised rates by 25 basis points, the smallest increase since March 2022. Fed chair Jerome Powell commented that the U.S. economy is seeing the start of a “disinflationary process”.\n• “The [Fed] interest rate hike, which was consistent with market expectations, coupled with the notion that disinflation is underway, has instilled even greater confidence in investors. This is evident in the upward trend we’re seeing in both the stock market and cryptocurrency market,” Henry Liu, the CEO of BTSE cryptocurrency exchange, toldForkastvia email.\n• U.S.
**Last 60 Days of Bitcoin's Closing Prices:**
[16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-03
**Financial & Commodity Data:**
- Gold Closing Price: $1862.90
- Crude Oil Closing Price: $73.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $453,066,594,750
- Hash Rate: 260167412.7136542
- Transaction Count: 315951.0
- Unique Addresses: 738211.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin fell below US$17,000 in Thursday morning trading in Asia. The other top 10 non-stablecoin cryptocurrencies by market capitalization also retreated after the U.S. Securities and Exchange Commission Chairman Gary Gensler said the crypto industry is running out of time to comply with securities laws. He spoke on Wednesday in an interview with Yahoo Finance . See related article: SEC’s Gensler says proof-of-stake cryptocurrencies may be securities Fast facts Bitcoin fell 1.4% to US$16,847 in the 24 hours to 8 a.m. in Hong Kong, while Ether dropped 3.1% to trade at US$1,232 according to CoinMarketCap . Leading memecoin Dogecoin saw the biggest losses in CoinMarketCap’s list, falling 4.4% to US$0.095. Polkadot lost 3.7% to US$5.30. Litecoin also fell 3.7% to trade at US$76.96. Gensler said his agency had sufficient authority to begin holding digital asset firms accountable to securities regulation. Gensler said crypto exchanges and lending platforms need to come into compliance with those regulations. “They can do that appropriately, working with the SEC, or we can continue on a course with more enforcement actions, and I would have to say that the runway’s getting shorter,” he said. Gensler said that many crypto firms have been running co-mingled platforms offering lending, trading, hedge funds etc, and such practices will need to end. He did not specifically address the collapse of Bahamas-based crypto exchange FTX.com. It has been alleged FTX used customer funds from its exchange to trade crypto and make investments through its affiliated brokerage Alameda Research. Gensler said in September that any proof-of-stake cryptocurrency, such as the US$150 billion Ethereum network , should be considered a security. U.S. equities finished mostly lower on Wednesday. The Nasdaq Composite Index lost 0.5% and the S&P 500 Index finished 0.2% lower for its fifth consecutive day of losses. The Dow Jones Industrial Average was little changed. Investors see a recent run of bullish economic indicators conflicting with the comments of U.S. Federal Reserve Chair Jerome Powell last week, when he said the central bank may start to ease the pace of interest rate increases to slow inflation. U.S. services industry activity came in at 56.5% in November, according to the monthly survey by the Institute for Supply Management released on Monday. A reading of 50% or greater shows the economy is growing, while 55% is considered to be very strong. The U.S. jobs report out Friday showed the economy added 263,000 positions in November or more than the 200,000 expected. The Fed has increased interest rates since March to try to slow inflation, raising from near zero to a 15-year high of 3.75% to 4%, and has signaled that rates may end up exceeding 5%. The Fed has said it wants inflation in a target range of 2%. The consumer price index showed inflation was running at 7.7% in October, down from 8.2% in September. See related article: Judge approves subpoenas for 3AC cofounders...
- Reddit Posts (Sample): [['u/ZoomZoomFarfignewton', 'Ideas to avoid this sub becoming a target of self-diagnosers?', 54, '2023-02-03 00:59', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/', 'Hi everyone! Love that this sub exists!! I was thinking of some possible ways to, as the post title says, avoid this sub becoming the target of selfdxrs who come here to argue (endlessly) over self diagnosis and all the nonsense that accompanies selfdx. It just seems really exhausting to have that happen constantly.\n\nSome initial thoughts based on what I\'ve seen work in other such subs (mostly Buttcoin, the Bitcoin/crytocurrency snark sub). I propose a list of "things that will get you banned", which could be part of the welcome message and include, for instance, "arguing in bad faith". So if people are constantly going on and on with the same old selfdx lines, boom! Banhammer.\n\nAnother idea I had (also from Buttcoin) was the use of flairs to identify, in this sub\'s context, selfdxrs. And hiding your user flair gets you banned (assuming this sub doesn\'t go the way of fakedisordercringe such that everyone can choose a user flair if they want).\n\nAny thoughts or ideas? Just tossing a few things out there!\n\nEdit because I forgot: I know we\'re small but we MUST censor usernames and identifying info for other users or we risk the sub being permabanned for harassment/brigading! Ive seen it happen, peeps.', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/', '10s56zf', [['u/goingtobelittler', 13, '2023-02-03 01:19', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j6zkp8j/', 'Fully agree! I think flairs are a great idea, and I think this subreddit could use a few more mods too. Not to doubt the current mod\'s ability, but more to say that as the number of members grow, the number of mods should too! Having more people to have eyes on the subreddit will make it more likely that people who come here just to stir up drama will be dealt with quicker. With only one mod in one timezone, there are 8-10 hours of the mod sleeping that this sub is completely unmoderated, which is a LOT of time for people to raid and shit to hit the fan.\n\nI don\'t know much about Reddit modding, but have modded several Discord servers, and in all of the big ones there were always "daytime" and "nighttime" mods, in that when a mod in North America was asleep, a mod in Europe/Australia would be online. Things can go south very quickly in online spaces, and I think having more hands on deck in charge of this subreddit could help prevent harassment as we grow!', '10s56zf'], ['u/lolmmayo', 11, '2023-02-03 02:15', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j6zsepo/', 'I really don’t know what arguing in bad faith actually means and it’s just too vague. Especially for some autistic people who struggle with ambiguity (myself included).', '10s56zf'], ['u/[deleted]', 15, '2023-02-03 03:16', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j700fhm/', "I'm not going to come here anymore if self diagnosers are allowed, I don't care if they have a flair", '10s56zf'], ['u/magcargo75', 40, '2023-02-03 04:00', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70641b/', 'I think we could also do a stickied post with a general viewpoint on self diagnosis. It seems many of us aren’t against the self-suspecting type of self-diagnosis. We are against people saying “I’m autistic” and freely posting their experiences with being autistic without having any professional confirmation on it. I think many of us are also sick of the whole “professionals don’t know enough about autism” argument, as well.\n\nSure, I do think some of the self-diagnosers can be autistic, but it is to the point where diagnosed people often cannot relate, are talked down on, are talked over, are being “educated” on our own condition, and are told what words to use — and it’s too much. \n\nWhat we want is our own space: A space where diagnosed individuals can post about the things we experience and feel a sense of connectedness the way we used to in online communities.\n\nEssentially this isn’t the place to debate privilege, accessibility of services, the knowledge of professionals, the validity of diagnoses, etc; this is a place for diagnosed people to talk about our experiences. We can’t prevent lurkers, but this isn’t the space for them to invade and either intentionally or unintentionally invalidate our experiences.', '10s56zf'], ['u/ZoomZoomFarfignewton', 11, '2023-02-03 08:10', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70w1zp/', "Not sure why gatekeeping posting is necessary, but ok. I dont post much anywhere because I dont usually feel comfortable doing so but thought it might be ok here. Thanks for making it clear that that's not the case. There's one moderator and its a young sub.", '10s56zf'], ['u/ZoomZoomFarfignewton', 12, '2023-02-03 08:21', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70wyys/', 'Excellent points all around! A stickied post is a good idea. In general I think what I was thinking was the need to provide clear information to visitors/lurkers in a way that everything is clearly laid out once, so a stickied post would be perfect.', '10s56zf'], ['u/RedditPolluter', 10, '2023-02-03 08:44', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70yr7c/', 'No promotion of quackery is one way of putting it. Self-diagnosis is a form of quackery.', '10s56zf'], ['u/Cheezbugga27', 13, '2023-02-03 08:58', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70zsl2/', 'This bit is going to be a rant.\n\nI’d just be blunt and stand our ground. They already have several subbreddits that accept them, every new safe space is consumed by them or ridiculed for being “albiest” for simply bringing out a counterpoint. All of them think they’re being a “hero”, the knight shining armor, in reality they’re just strong arming groups like a brute, seeing autism and Aspergers as a medal to gain the spotlight and attention (Although I do believe wanting some attention is fine in a vacuum , but when it has gotten to a monstrosity such as this, is where it has crossed far beyond the line and it’s exploded with social media). The point of “Some people don’t have the services to get diagnosed, so it’s fine” is horrible, if that’s how logic works then if I look up enough about medicine form a couple google search, I can instantly tell someone they got lung cancer over a minor symptom.\n\n\n There has to be a space for those who need the skills and lessons from other diagnosed people as younger people may need the diagnosis so they can prepared for life and older folks can teach them how to adapt to life. There are people who are in their 30s and 50s who only recently got diagnosed which would’ve made life so much easier if they were to get the proper help and skills when they were young, as throughout their lives they believed something was wrong with them, that they never could fit in the crowd, but could never figure out why until they got older. A group of this type has to exist so that way the next generation don’t ever have to think they’re “broken” and have the skills and lessons they need for life.\n\nApologies for this rant and if it went off track for a bit.', '10s56zf'], ['u/Plenkr', 16, '2023-02-03 10:09', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j7150ig/', "I agree with most everything you said. But I disagree with banning talking about accesibility of services, in the sense that this is an issue I deal with all the time. I'm a level 2 autistic (diagnosed) and I need multiple services and accessing them is difficult. How to access: social housing, disability benefits, in-home care, a therapist, assissted living, day centre, vocational rehab, a self-direction budget to pay for disability services, housekeeping help, cleaning personel, a personal assisstent, etc. These are things an autistic person can need and accessing them is often a hassle that can range for mildy difficult (only need a little help and goes relatively quick) to an enormous hassle with losts of paperwork, control doctors that can take up to a year and then waitlists. \n\nThis is an important issue that we can help each other with. And our experiences and knowledge with it can greatly help other autistics that are still at the start of that journey of finding the right support services to fulfill their support needs.", '10s56zf']]], ['u/Science_421', 'Buying gold is just as irrational as buying Crypto', 13, '2023-02-03 02:01', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/', 'Gold Bugs and Crypto Bros are both selling their “investment” as a way to save yourself when the Government Fiat Money Collapses. \n\nBitcoin was started by Libertarian Gold Bugs to create “Internet Gold” and I’m not interested in anything they are selling. I will concede that Crypto Bros are more obnoxious.', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/', '10s6m8r', [['u/biffbobfred', 67, '2023-02-03 02:08', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j6zrgkl/', 'It’s not as irrational - gold has uses outside of “I hope someone else buys this from me”.', '10s6m8r'], ['u/Potential-Coat-7233', 11, '2023-02-03 02:08', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_cr...
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.
|
23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10
|
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:**
['Summary: Wiboo is an emerging company whose mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers, using Wibx token, as an intercession link between brands and customers. Sao Jose dos Campos, Sao Paulo--(Newsfile Corp. - February 4, 2023) - In the latest development of utility tokens, Brazils\' token wibx emerges as a reward utility token. The token already supports a user base of more than half a million people. The company aims to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers. The concept of "nano-influencer" was born, which today is one of the central themes of web 3.0, in addition to the production, exhibition, and management decentralization of online content. As soon as the company understood the great possible impact of nano-influencers in an increasingly decentralized market, it created a platform in which any person can accumulate tokens only from sharing sponsored content and developing traffic, registrations, and even sales for big companies around the country. This business model was responsible for establishing Wibx as a highly relevant project, especially in a country where more than 60 million people live with less than 100 dollars per month. In addition, the nano-influencer platform has several applications in different markets, opening a range of possibilities for introducing Wibx tokens in the game, music, and immersive technology industries. As, for instance, their new project, a virtual shopping mall in a fully interactive and functional metaverse environment in which platform\'s customers will be able to use their tokens to purchase products from great companies around the world. In a country where more than 50 million people are unbanked, offering an application that facilitates revenue generation and allows purchases and payments without the need for a bank or card issuer as intermediaries had extreme importance for the currency\'s success and adoption. And, because of that, in 2020, the company focused most of its efforts on the integration of the token technology directly into ERP systems, being the first company in the crypto market to achieve this feat and, in the following year, establishing Wibx as the most accepted token in Brazil, today integrated into supermarket chains and extremely relevant stores in the city of Brazil. The company also presented results for companies and brands, by reducing the cost of marketing metrics, such as Customer acquisition cost (CAC), and Traffic costs in branded content sharing. Story continues Wibx token was first listed in 2020 on the country\'s large crypto exchange, Mercado Bitcoin. Two years later, the company ended 2022 with over $340 million traded on the token. After its first listing, Wibx has remained at the top of the list of most traded tokens in Brazil. The company understands that, despite the relevance of the Brazilian crypto market, the project\'s expansion is significant for the company and the token. Furthermore, the company is preparing to internationalize the Wibx platform in 2023, starting with other countries in South America, like Argentina and Colombia, and then expanding to Europe and North America. As a result of this initial go to market, the company presented results not only for its users, but also for more than 100 companies, enabling an average reduction of 40% in CAC and 600% in traffic costs and branded content sharing . About Wibx: Wibx is a reward utility token launched in 2019 by Wiboo Company, founded by a team of Brazilians in 2015 . The company\'s mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers. Another equally ambitious project takes place with Wibx in the recording industry through a Whitelabel platform for record labels, where artists offer exclusive rewards and experiences to their fans in exchange for engagement. Finally, within the games, metaverse and e-sports market, Wibx has not only developed its applications but also strengthened its relationships with big companies in the market and great e-sports teams, aiming to convert the token into a highly relevant currency in the game sector, and also in the metaverse, with its virtual mall and other ongoing projects. Wibx Contact: [email protected] Name: Vagner Sobrinho https://wibx.io Vagner Sobrinho - Wibx Co-Founder To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153693', 'Summary: Wiboo is an emerging company whose mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers, using Wibx token, as an intercession link between brands and customers.\nSao Jose dos Campos, Sao Paulo--(Newsfile Corp. - February 4, 2023) - In the latest development of utility tokens, Brazils\' tokenwibxemerges as a reward utility token. The token already supports a user base of more than half a million people. The company aims to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.\nThe concept of "nano-influencer" was born, which today is one of the central themes of web 3.0, in addition to the production, exhibition, and management decentralization of online content.\nAs soon as the company understood the great possible impact of nano-influencers in an increasingly decentralized market, it created a platform in which any person can accumulate tokens only from sharing sponsored content and developing traffic, registrations, and even sales for big companies around the country. This business model was responsible for establishingWibxas a highly relevant project, especially in a country where more than 60 million people live with less than 100 dollars per month.\nIn addition, the nano-influencer platform has several applications in different markets, opening a range of possibilities for introducing Wibx tokens in the game, music, and immersive technology industries. As, for instance, their new project, a virtual shopping mall in a fully interactive and functional metaverse environment in which platform\'s customers will be able to use their tokens to purchase products from great companies around the world.\nIn a country where more than 50 million people are unbanked, offering an application that facilitates revenue generation and allows purchases and payments without the need for a bank or card issuer as intermediaries had extreme importance for the currency\'s success and adoption. And, because of that, in 2020, the company focused most of its efforts on the integration of the token technology directly into ERP systems, being the first company in the crypto market to achieve this feat and, in the following year, establishing Wibx as the most accepted token in Brazil, today integrated into supermarket chains and extremely relevant stores in the city of Brazil. The company also presented results for companies and brands, by reducing the cost of marketing metrics, such as Customer acquisition cost (CAC), and Traffic costs in branded content sharing.\nWibx token was first listed in 2020 on the country\'s large crypto exchange, Mercado Bitcoin. Two years later, the company ended 2022 with over $340 million traded on the token.\nAfter its first listing, Wibx has remained at the top of the list of most traded tokens in Brazil. The company understands that, despite the relevance of the Brazilian crypto market, the project\'s expansion is significant for the company and the token.\nFurthermore, the company is preparing to internationalize the Wibx platform in 2023, starting with other countries in South America, like Argentina and Colombia, and then expanding to Europe and North America.\nAs a result of this initial go to market, the company presented results not only for its users, but also for more than 100 companies, enabling an average reduction of 40% in CAC and 600% in traffic costs and branded content sharing .\nAbout Wibx:\nWibx is a reward utility token launched in 2019 by Wiboo Company, founded by a team of Brazilians in 2015 . The company\'s mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.\nAnother equally ambitious project takes place withWibxin the recording industry through a Whitelabel platform for record labels, where artists offer exclusive rewards and experiences to their fans in exchange for engagement. Finally, within the games, metaverse and e-sports market, Wibx has not only developed its applications but also strengthened its relationships with big companies in the market and great e-sports teams, aiming to convert the token into a highly relevant currency in the game sector, and also in the metaverse, with its virtual mall and other ongoing projects.\nWibx\nContact:[email protected]\nName: Vagner Sobrinho\nhttps://wibx.io\nVagner Sobrinho - Wibx Co-Founder\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/153693', "This week in coins. Illustration by Mitchell Preffer for Decrypt. After briefly dipping last week , Bitcoin and Ethereum continued their steady 2023 growth with modest gains this week. All the while, however, several other leading cryptocurrencies posted sizable rallies. Bitcoin (BTC) added just over 1% to its value over the last seven days, currently trading just above $23,400. Bitcoin mining difficult
**Last 60 Days of Bitcoin's Closing Prices:**
[17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-04
**Financial & Commodity Data:**
- Gold Closing Price: $1862.90
- Crude Oil Closing Price: $73.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,826,167,438
- Hash Rate: 266035850.5944133
- Transaction Count: 304495.0
- Unique Addresses: 691143.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Good morning. Here’s what’s happening: Prices: Bitcoin avoids losses in U.S. stocks as strong economic data makes investors reconsider expectations that the Federal Reserve will pivot anytime soon to a more dovish monetary policy. Insights: Central Bank of Indonesia white paper on the development of the country’s central bank digital currency (CBDC) envisions a world with a government-sanctioned payment layer. Prices CoinDesk Market Index (CMI) 796.34 +3.0 ▲ 0.4% Bitcoin (BTC) $16,817 −1.1 ▼ 0.0% Ethereum (ETH) $1,217 +3.6 ▲ 0.3% S&P 500 daily close 3,822.39 −56.1 ▼ 1.4% Gold $1,801 −14.6 ▼ 0.8% Treasury Yield 10 Years 3.67% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin dodges stock sell-off By Bradley Keoun Bitcoin ( BTC ) was flat over the past 24 hours, on a day where U.S. stocks sold off. Positive economic data rekindled fears that the Federal Reserve may need to keep tightening monetary policy longer than expected – a trend that has put downward pressure on risky asset prices all year. (Check out Glenn Williams Jr.'s analysis here .) The largest cryptocurrency by market volume was trading above $16,800, down just 0.01% over 24 hours. Ether (ETH), the second largest, was trading around $1,223, up 0.82%. The CoinDesk Market Index was up 0.5% Messari's Ryan Selkis, in a 168-page report on his 2023 predictions , wrote the market's direction is "still all about macro and regulation." "The resting market sentiment is that we will have a recession in 2023, with some debate over its potential magnitude. The market also seems to trust that central banks will continue to tighten until inflation is under control. Though contrarian, there are some investors who think it’s more likely that the Fed will pivot once the recession really gets going and accept multi-year high inflation in lieu of a depression or global reserve currency crisis." Insights Web3, DeFi at the center of Indonesian CBDC By Glenn Ardi, CoinDesk Indonesia Story continues The Central Bank of Indonesia’s white paper about the development of the country’s central bank digital currency (CBDC) stands in contrast to China’s: It envisions a world where the government permits, and controls, Web3 and decentralized finance (DeFi) by providing a government-sanctioned payment layer instead of trying to eliminate it. Indonesia’s population has fully embraced crypto. Based on data from the Indonesian Commodity Futures Trading Authority (Bappebti), the number of registered crypto accounts hit 16.3 million as of September 2022, with a year-over-year growth rate of 81.6%. While the Central Bank of Indonesia sees some negative parts to crypto, such as the ability for it to operate as a "shadow central bank," it knows it needs to work on keeping up, but also not getting in the way either, and with that it's developing a digital form of the Rupiah known as Project Garuda, Indonesia’s CBDC. At this point, crypto is too big in Indonesia to ban, so why not work with the industry and provide regulated payment layers, the prevailing logic goes. “[A] CBDC fills the gap left by existing money by acting as the core instrument for central banks to maintain monetary and financial system stability within digital ecosystem,” a whitepaper from the Bank on the CBDC reads. The bank envisions a market where crypto exists as part of a broader ecosystem, with on-ramps to and from CBDC. (Central Bank of Indonesia) “Activities within the Web 3.0 ecosystem, including crypto asset transactions, also add to the complexity of controlling financial systems, both in the context of mitigating micro-financial and macro-financial risks,” the paper reads. “Central banks would need to find a future-proof solution to maintain public trust in them with regards to carrying out their mandate in the digital era.” The Indonesian CBDC, according to the white paper, will be the method of settlement for traditional and digital ecosystem including DeFi, the metaverse and Web3. Cryptocurrency is fine, the prevailing thought seems to go, provided that a digital form of the Rupiah is the dominant means of settlement. This stands in contrast to China’s approach. The country has largely banned most kinds of cryptocurrencies and prohibits crypto transactions almost entirely. The People’s Bank of China white paper on its CBDC mentions cryptocurrency as a concern but takes particular issue with stablecoins, saying they will bring “risks and challenges” to the global financial system. But for Indonesia, stablecoins aren’t a problem. The country already has a handful of rupiah-backed stablecoins such as the BIDR, IDRT or IDK. A big market for these stablecoins is Indonesia’s large diaspora of migrant workers as overseas remittances is a big source of income for the country. In theory, a CBDC could be swapped for a stablecoin, then sent abroad. This method would also have the benefit of allowing authorities to monitor for tax compliance. Still, all this is a long way from being finalized. “The current whitepaper is still high level and theoretical and plans to be implemented,” Asih Karnengsih, chairwoman of Indonesia Blockchain Association, told CoinDesk. “The implementation of the CBDC will take many stakeholders to be involved and the real challenge will be how to invite these stakeholders to join the CBDC system.” But there are security risks A CBDC means that the government would have a lot of information on transactions and users. And Indonesia doesn’t have the best record for IT security. In January 2022, the Central Bank of Indonesia suffered a ransomware attack that resulted in 74.82 GB of data being leaked. A few months later the country’s national electoral commission was hacked, and the personal information of 105 million Indonesian citizens was sold on the dark web. This comes two years after the same department was hacked , resulting in a leak of 2.3 million voter records. Considering the government’s poor track record of IT security, is it really a good idea to give them so much more information? A CBDC would have details about every transaction a person makes. What price would that fetch on the dark web? CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Sam Bankman-Fried in FBI Custody, Former Associates Plead Guilty : Caroline Ellison, the former CEO of Alameda Research, and FTX co-founder Gary Wang plead guilty to fraud charges in the FTX case, seeming to turn against their former boss Sam Bankman-Fried, who faces similar charges. Bankman-Fried, founder of both the cryptocurrency exchange FTX and the crypto trading firm Alameda Research, is expected to make his first appearance in federal court in Manhattan today. Headlines Sam Bankman-Fried Released on $250M Bail Secured by Parents Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security Bitcoin Protocol Development Steadily Progressing Despite Only 40-60 Monthly Active Developers: NYDIG...
- Reddit Posts (Sample): [['u/ItsARoughOneYaKnow', 'How and Why did Ordinals gain so much traction?', 28, '2023-02-04 01:49', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/', "Genuinely curious as to what the appeal is to storing arbitrary information on the Bitcoin Blockchain and why it's so controversial. \n\nWhat's their philosophy behind it and how does it even tie into the larger ethos of creating a digital currency that's untethered to the fiat system?", 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/', '10t0jxo', [['u/pleasetrimyourpubes', 26, '2023-02-04 01:51', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74l9ln/', "They're cheap to 'mint.' Costs $3 to $5 to 'mint' one. Contrast that to an NFT that costs between $70 and $300.", '10t0jxo'], ['u/ComedyGodl', 50, '2023-02-04 02:07', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74nccy/', "It is because buttcoiners believe they'll be able to sell jpegs on the Blockchain to the next fool that falls for it.\n\nThis have no other value whatsoever, but those are dumb people looking for dumber people.", '10t0jxo'], ['u/pleasetrimyourpubes', 10, '2023-02-04 02:17', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74ol5t/', 'It doesn\'t take up any space in the blockchain people are just dumb. Nodes and miners can totally delete the ordinal artifacts from their segwit databases. And someone can just store them centrally somewhere. All it is doing is putting a signature of them on the blockchain, with the side effect that it gets stored in the segwit data fields that miners/nodes normally have to keep track of. But it\'s not a real segwit Bitcoin transaction it\'s just data being spammed to the segwit side ledger.\n\nIt\'s cheaper because when they made the segwit compromise they gave "witness" fields a huge satoshi \'discount\' (everything is arbitrary in this space anyway). The idea of segwit basically being bundled transactions that aren\'t stored on the blockchain but rather in a side ledger. Thus "segregated witness."', '10t0jxo'], ['u/grauenwolf', 16, '2023-02-04 04:23', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75449z/', "> It doesn't take up any space in the blockchain people are just dumb. Nodes and miners can totally delete the ordinal artifacts from their segwit databases. \n\nIf you delete data from the chain, then one of two things must be true...\n\n1. You broke the hash and your ability to verify the chain\n2. The data was never part of the hash and thus may have been altered\n\nWhich are you claiming to be true?", '10t0jxo'], ['u/grauenwolf', 27, '2023-02-04 04:23', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j7545vv/', 'They found a new toy to play with.', '10t0jxo'], ['u/grauenwolf', 18, '2023-02-04 04:24', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j7548jj/', 'They found a way to annoy snobbish Bitcoiners, who tend to be anti-NFT.', '10t0jxo'], ['u/grauenwolf', 14, '2023-02-04 04:24', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j754bc3/', 'They are actively attacking the processing power of Bitcoin for fun or to promote an alternative such as Ethereum', '10t0jxo'], ['u/Alphaetus_Prime', 13, '2023-02-04 05:20', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75avjd/', 'They\'re misunderstanding how it works. The data can be "pruned," because it has no bearing on future allowable transactions. But that just means it doesn\'t have to be loaded into memory when processing transactions.', '10t0jxo'], ['u/Alphaetus_Prime', 12, '2023-02-04 06:47', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75jcvo/', "You're just looking for a fight, aren't you? I told you the exact way in which the person you originally replied to was wrong and you don't even care.", '10t0jxo']]], ['u/SnooTangerines6389', 'Should I sell my inventory and make a bitcoin mine', 11, '2023-02-04 02:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/', 'I have 1.5 mill right now if I sell my whole inventory I’ll have around 7.5 mill and should I make a bitcoin mine with that or should I just grind to get the money ? Like scav runs and normal loot runs ??is it even worth it', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/', '10t15om', [['u/kjensen21122112', 13, '2023-02-04 02:26', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74pna6/', 'Dont make bitcoin mine. Its not worth it this wipe', '10t15om'], ['u/Franklin_le_Tanklin', 19, '2023-02-04 02:39', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74rd5l/', 'So it really depends on how you play.\n\nIf you’re running your generator 24/7 then it’s worth.\n\nIf you aren’t crafting in your hideout and not running it, it’s not worth.\n\nBtc farm costs around 1.5 mill to build and buy a single gpu. You get a btc every roughly 35 hours to start. Btc are worth 140k right now.\n\nSo 24 hours x 7 days = 168 hours a week. \n\n168/35 = roughly 5 bitcoin a week.\n\n5 bitcoin x 140k = 700,000 roubles a week\n\nSo you’ll make it back within about 2 weeks.\n\nThere’s about 5 months left in the wipe\n\nSo def worth it imo IF you are running your generator 24/7 to craft anyway.', '10t15om'], ['u/Screamin_Toast', 12, '2023-02-04 02:58', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74tr87/', 'No. Booze is what you want. You will make 100x the money from it then bitcoin. Use booze to fund bitcoin later.', '10t15om'], ['u/vybegallo', 11, '2023-02-04 07:11', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j75lett/', 'I would advice to delete your inventory, that would be unpredictable, and being unpredictable is the key to survival in this game', '10t15om']]], ['u/killamobster', 'How many roubles are you all sitting? Like actual money in your stash, not value of stash etc.', 281, '2023-02-04 04:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/', "What level also? Is a lot about to be invested in your hideout? \n\nPeaked at literally 2.5mil this wipe, I'm level 33 still pushing hideout. Intelligence level 2 next and scav case which will obviously destroy my bankroll. Everything else max, no BTC farm, solar or air filtering as of yet though", 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/', '10t48sh', [['u/TheSmalHobbit', 45, '2023-02-04 04:55', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757pjv/', "9 mil roubles, 112k USD, most the hideout is built out other than Solar and Level 3 intel/Bitcoin\n\nEdit: Checked now that I'm home, stash worth is 45 mil", '10t48sh'], ['u/TheSmalHobbit', 13, '2023-02-04 04:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757v5r/', 'Just hit 39 today', '10t48sh'], ['u/Suttbuxx', 15, '2023-02-04 04:57', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757yoq/', "Lmfaoooo, well, thanks to me maining a task, and making it my goal to complete it before I longest out, I spent about 3mil in roubles before I finally rage quit (bout 4 days ago since I've played now lol), so now my stash has about 10k roubles in it lmfaoooo rip.", '10t48sh'], ['u/TheSmalHobbit', 23, '2023-02-04 05:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j758ubu/', 'Yeah, I took advantage of good return on investment barters that are usually cheap to keep money up like salt for the alpha dog suppressor or hunting matches for a Tarzan rig. Also pre-planned my wipe and bought things that get expensive later, like gpus for 120k, as soon as I got the flea market.', '10t48sh'], ['u/Uncle_Bobby_B_', 19, '2023-02-04 05:15', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75a4xd/', 'Level 47, 56mil in cash and around 130 million stash value', '10t48sh'], ['u/xawdeeW', 13, '2023-02-04 05:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bbfr/', 'Level 12 PMC, I have a little over 2 million roubles but also 4 scav junk cases. Yes I’m a hoarder 🤭', '10t48sh'], ['u/xawdeeW', 44, '2023-02-04 05:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bey1/', 'Damn homie, save some pussy for the rest of us', '10t48sh'], ['u/Uncle_Bobby_B_', 48, '2023-02-04 05:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bhxe/', 'Trust me I ain’t taking any!', '10t48sh'], ['u/MisedraN', 16, '2023-02-04 05:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75ci2j/', "8.5 mil roubles \n17k usd\n\nLvl 35\nWant to hit 15-20 mil and then run some cool gear\nCurrently I'm just running with a pp19 and some cheap Lvl 3 armors", '10t48sh'], ['u/frolie0', 50, '2023-02-04 05:40', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_...
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.
|
22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80
|
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:**
['New York, NY --News Direct-- Teamatix Crash gambling is a game that involves a graph and changing betting odds, but it is very simple to play. The line on the graph represents how the odds will change over time. Once the game starts it can crash at any point. So you need to cash out before that happens or the wager will be lost. For example, if the odds have changed to 2x as indicated on the graph and you wagered $50, then you can cash out $100 as a reward. In this informative guide, you will learn about the different types of crash game and what casinos allow you to try them out. Also, read to the end to learn about the answers to frequently asked questions. Best Crash Gambling Sites – Top 5 Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games In this section, we cover a few casinos where you can start playing crash. 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They offer a range of gaming options, which include baccarat, blackjack, keno and crash. Also, Winz.io has a nice user interface that allows players to find the games they are looking for quickly. The registration process is also quick, which means you can start gaming within a few minutes. Story continues Cbet.gg - You Should Play JetX Here This website was established in 2018 and they have a licence from the Curacao eGaming Authority . There is mobile support and the cash-out period takes only 1 hour. The payment processors include Bitcoin, Sitcpay, U-Net, EOS and Tether. Also, there is a 100% deposit bonus offer that can be used when sending Bitcoin to the cashier. There is a lot to like about the reputation and choice of games at this digital casino. 7Bit Casino - The Original Crash Games This casino provides bitcoins are the deposit method, which is great for gamblers that want to use cryptocurrencies for wagering. 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Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games What Are the Game Odds The game odds are usually set on the casino or website where you are playing. Therefore, they can be different and you need to adjust your strategy. Ideally, you will find a website that offers the best gambling odds by reducing the house edge. Keep in mind that many crash games have a mechanic of around 1% chance to instantly crash when the game starts. This means that no matter what you do, there is no chance of winning money for that round. Note that the odds on the betting line start small and increase rapidly over time. You will start at 1x and potentially end up at 10x, which means that you can cash out for 10 times the wager amount. What Are Crash Game Payouts Like This section covers topics that relate to the payouts and multipliers within the game. Note that these are just a rule of thumb. The actual details of the action will be different for each caisno where you are playing. Therefore, make sure to read the terms and conditions to ensure you have the relevant information. Game rules: the game starts when you wager an amount of money. The amount that you can bet will be based on where you are playing. There might be a minimum and a maximum amount that you can wager. Once you have placed a bet the action starts and the point on the betting line goes up. This increases the odds and the game ends when you cash out or the game crashes, and you lose the entire wager. The multiplier: these are the chances of cash out odds as the game changes. So the action starts at 1x and it may increase to a 2x multiplier incrementally or it will jump there in one go. Each casino creates different multipliers so you will need to play to figure out what you will face. Note that the idea is to get the highest multiplier to win the most cash possible. The minimum and the maximum crash point: this is the range of multipliers where the game can crash. The house edge typically works by creating a crash point immediately after the game starts. The maximum crash point is the higher possible multiplier for the game. You can risk your wager by waiting for the betting line to reach this number, but there is a high chance of the game going bust before that happens. The minimum cash out: this refers to the smallest multiplier that you can hit to get your wager back and winnings. Most games provide a minimum cash out point that is around 2x, which means you will get double your wager. However, this is not set in stone and will be different at each casino. You could use a strategy where you always try to hit the minimum cash out to keep the risk low. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Crash Betting Games Based on Currency This section shares the various currencies that can be used when enjoying this game. You will see that the game can be played in a variety of ways to suit your needs. Being aware of the options allows you to get the most out of the experience. CS:GO Crash Gambling Skins: one of the best ways to show off in CSGO is by sharing a rare skin. These are essentially cosmetics that change the look of your character. The rarity of skins varies from common all the way to rare. You can win skins from the crash game and the rarity of the skin increases as you increa
**Last 60 Days of Bitcoin's Closing Prices:**
[16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-05
**Financial & Commodity Data:**
- Gold Closing Price: $1862.90
- Crude Oil Closing Price: $73.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,226,939,562
- Hash Rate: 297334185.95846194
- Transaction Count: 254113.0
- Unique Addresses: 594717.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ethereum inched up in Monday afternoon trading in Asia. Most other non-stablecoin top 10 cryptocurrencies by market capitalization were little changed, with Dogecoin leading declines. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners Fast facts Bitcoin gained 0.14% in the last 24 hours to trade at US$16,857 at 4 p.m. Hong Kong time on Monday, while Ether gained 0.15% to US$1,220, according to CoinMarketCap data . Dogecoin was the biggest loser in the top 10 cryptos, falling 1.87% to trade at US$0.07563 in the past 24 hours. Major Dogecoin advocate Elon Musk may soon step down from the top job at social media platform Twitter. Binance’s BNB token traded at US$243.32, a drop of 0.72% over the past 24 hours. Binance, the world’s largest cryptocurrency exchange, has been accused of deliberately causing the collapse of Bahamas-based FTX.com that was once the second-largest exchange. Binance may also be probed by the U.S. Justice Department over money laundering violations. XRP inched up 0.64% to trade at US$0.3512, after dropping 1.64% in Monday morning trade in Asia. Equity markets in the U.S. and Hong Kong were closed on Monday for Christmas. U.S. equity markets rose on Friday after posting a loss for the week over fears of an emerging recession. On Friday, the Nasdaq composite closed 0.2% higher, the S&P 500 was up 0.6% and the Dow Jones Industrial Average gained 0.5%. The U.S. central bank raised interest rates by half a percentage point this month after the consumer price index, a key inflation indicator, rose 7.1% in November from a year earlier. U.S. Federal Reserve Chair Jerome Powell has said there will be more interest rate hikes next year even as the economy moves towards a potential recession. See related article: The last 12 months the year to forget, says India’s WazirX crypto exchange...
- Reddit Posts (Sample): [['u/[deleted]', 'Should you buy a new computer when plugging in your Trezor?', 12, '2023-02-05 00:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/', "I've had the same computer for a few years; I have no idea what kind of spyware is on here. I'll be putting my bitcoin onto cold storage/a Trezor and I'm wondering if I should buy a new computer to do it, since from my understanding, I will need to plug it into a USB port? Any thoughts/relevant comments would be greatly appreciated =) \n\nP.s. Trezor Model T", 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/', '10tudp7', [['u/bitusher', 10, '2023-02-05 00:19', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/j78skd1/', 'Part of the reason Hardware wallets exist is because they allow you to create private keys , restore them and sign transactions even in insecure environments. Your seed words are created in your trezor model T and never are shown in your computer \n\nThus buying a new computer is not needed. \n\nThe focus should be on these aspects :\n\nhttps://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/fouo3kh/', '10tudp7'], ['u/BTCMachineElf', 10, '2023-02-05 00:30', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/j78u2j3/', "If you're worried about malware, back up your files and reinstall your OS. Your PC will be like new. But as bitusher said, the whole point of a hardware wallet is to segregate and safeguard your private key from a potentially compromised PC, so it's not necessary here. \n\nThe worst that could happen is a clipboard malware that substitutes and address that you copy/paste with the hacker's. So check the first and last 6 digits of the addresses that you copy and paste. And be mindful of phishing attacks, where you get a link in an email or private message to a website that looks like your exchange, so when you enter your login/pass, they get it. In summary, check addresses you send to after you paste, and only use your bookmark to go to your exchange.", '10tudp7']]], ['u/HarvardHopeful2020', 'How much will HUT be when BTC is 200k, 500k, 1 Million?', 13, '2023-02-05 01:46', 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/', "How much will HUT be when BTC is 200k, 500k, 1 Million?\n\n2025-2026 BTC price is supposed to peak at 200k area. How high will HUT peak assuming it will have holdings of probably around 20k BTC by then? I am thinking 50 HUT at 150k BTC and 100 HUT at 200k BTC.\n\nHow about if BTC is 500k, I am thinking HUT 200+.\n\nAt BTC 1 million I see HUT at 300+ by 2030, although it's likely BTC peaks at 200-300k in 2025/2026.\n\nThoughts?\n\nI loaded positions at the December lows and again at the lows last summer. Will aim to add more in March and June.\n\nI see HUT at 40-50 when BTC breaks 100k around 2025-2026.\n\nUpdate: I am not comparing RIOT and MARA charts. I just think HUT's next cycle high will be 2x the previous, which is about 40. My average is around 2. \n\nRIOT did a 100X 0.8 to 80 last cycle bottom to top. I think HUT will outperform RIOT this time around because it fully retraced the 2021 pump and is not selling any Bitcoin.", 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/', '10tweua', [['u/IgloosRcold', 14, '2023-02-05 02:07', 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/j796bkn/', '20k Bitcoin * 200k per coin / 196 million shares puts hut at 20 dollars per share on just the value of Bitcoin holdings. 100 dollar hut is wishful thinking.', '10tweua']]], ['u/karlizak', 'Simple market cycle analysis. Where are we in the cycle?', 24, '2023-02-05 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/', '\nLet’s figure out where we are in the current cycle by using simple market cycle analysis.\n\nYou do not need fancy technical analysis skills to be a good swing trader but it does help.\nI’m going to keep this simple and discuss a way to analyze markets with nothing other than a standard market cycle chart and market sentiment. \n\nWe are going to work from top to bottom, as most people buy in at the top.\n\n(1) Euphoria Stage \n\nDo you remember when Bitcoin hit 68k USD and everybody thought we were for sure going to 100k? That was the euphoria stage. We followed that with a sustained dump followed by a slow and steady pump to the “double top” this was truly a bull trap. This specific scenario wrecked A LOT of people including experienced traders.\n\n\n(2) Complacency \n\nWe trended down a bit from the double top, and consolidated. This was the complacency phase. It will get better. It always does… right? Let’s just hold. \n\n(3) Anxiety\n\nPrices continued down and we entered the anxiety phase. This is where we really start to wonder if things will get better, or if we simply fucked up. At this point you should always trust your gut. It’s usually right.\n\n(4) Denial\n\nYou guessed it! Prices went even lower. This is the denial phase. We convince ourselves our investments will come back, even though we know they probably won’t anytime soon. ADA is a great project. This is just a healthy correction.\n\n(5) Panic\n\nThis brings us to the panic stage (capitulation) the big FTX crash. \nEverybody sells off, this causes bank runs. “Crypto is going to zero” Exchanges and miners fold.\n\n(6) Anger\n\nWe followed the FTX crash by entering the anger phase. We are PISSED OFF. Everyone hates Sam Bankman Fried. This is all his fault right? Public enemy number 1. Fuck SBF!\n\n(7) Depression\n\nWe forget about how mad we are at Sam and his beautiful girlfriend Caroline and enter the depression phase. We just give up. This were things get interesting and we actually have to analyze how market cycles work. This is the phase where you need to do the opposite of everything your body and brain is telling you to. It’s the hardest part of investing. \n\n-Crypto cycles-\n\nThis next part is very important. \n\n(1) Accumulation phase \n\nThe depression phase is where you gave up and sold. Crypto is done. The depression phase is also known as the “Accumulation phase” this is where the whales and “smart money” buy up all the coins you liquidated for the cheapest price they will ever be again. You effectively sold bottom. It’s only up hill from there. Oops! \n\n(2) Run up phase \n\nThe run up phase also known as “disbelief” is when the price starts rising and everybody thinks “this is just a bull trap” sound familiar? Thought so! This is where we are RIGHT NOW. The price continues to rise and everybody thinks buying at these levels is dumb because the bull trap will be huge! (Thanks Reddit for the good advice) \n\n(3) Hope! \n\nThe price continues up, quick at first and then slow and steady. We are entering this phase right now. We are somewhere between disbelief and hope.\n\nReddit is becoming bullish, hopium is rising, all is well in crypto. The people who thought we were in a bull trap start buying here. They were wrong about the bottom not being in. This is truly the bull run…. Or is it…. ?\nPrice goes even higher. We’re gonna be rich! \n\n(4) Bear trap. \n\nYour coins sell off. Prices decline rapidly at first, and then slow and steady for months. This is what most people call the bull trap, but it’s really a bear trap. You sell at the bottom and give up, the price sky rockets! This is the last time we see these levels. \n\n(5) Optimism \n\nFinally!! This is the real bull run. It’s up hill from here. Everybody becomes a genius investor and many become temporarily millionaires. \n\n(6) Belief\n\nYou truly believe this will last forever. You’ve made your first million. You’ll never lose it. Might as well make the whole family rich as well. Let’s tell everyone we know to invest. It’s easy. You give them your genius advice and they accept it once you show them all the money you made.\n\n(7) Thrill. \n\nThis is amazing. We’re all rich! Let’s go Doge coin!!!! $1.00 coming soon!! IM THE NEXT WARREN BUFFET OF CRYPTO. You tell Burger King to fuck off and quit your job. \n\n(8) Euphoria \n\nWe are now at all time highs. Doge is at $1.00 but it’s going to $10.00 for sure! Let’s go! Grandma! BUY DOGE! Elon is going to use it on Twitter it’s for sure going to $100. Market cap doesn’t really matter guys….little do you know. \n\nIt’s only down hill from here. Enter complacency phase this can only end one way. The depression phase. You type up your resume and do the walk of shame back into Burger King. \n\nThis is a complete market cycle summed up. \n\nI believe we are in the hope/disbelief stage. I have used other technical analysis to confirm these theories and that this run is almost identical to 2019 but I wanted to keep this post simple. \n\nThis is not financial advice and nobody knows what’s going to happen. We can use the market cycle chart analysis to make educated decisions that are better than simply guessing. \n\nWhere do you think we are in the cycle and why?', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/', '10twjh8', [['u/Professional-Time-50', 21, '2023-02-05 04:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/j79pc1p/', 'Its hard for me to believe we have already gone thorough the capitulation phase based on the positivity that was always present, volumes that never really slow down to nothing and the incredibly short period of side price movement. Coincidently enough perceived last leg of the bear market from 2018 happened also in Nov as did the bankruptcy and collapse of FTX in 2022. It took the market in 2018 over six months till Apr 2019 before it saw an...
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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22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84
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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:**
['More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology.\nJP Morgan\'s e-Trading Edit report is now in itsseventh year, the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual assessment of trader sentiment spans several asset classes and is intended to reveal "upcoming trends and the most hotly debated topics."\nThe tumultuous bear market in crypto—coupled with the recent consumer and commercial hype over accessible AI technology like ChatGPT—seems to have shifted the outlook of financial industry professionals. Last year, blockchain and distributed ledger technology tied for second with AI and machine learning with 25 percent of respondents declaring them key to the future. Mobile trading applications came in first, with 29 percent.\nNow, AI dwarfs every other major category of technology, its 53% citation rate far and away ahead of API integration (14%) and blockchain (12%). The top 2022 technology, mobile apps, fell to 7%, along with quantum computing and natural language processing.\nWhy Is Crypto Twitter Obsessed with ChatGPT?\nTackling crypto specifically, JP Morgan found that 72% of traders "have no plans to trade crypto [or] digital coins," with 14% predicting they plan to trade within five years.\nEven so, respondents clearly felt that other players were bullish on the space.\n"Crypto and digital coins, commodities, and credit are predicted to have the biggest increases in electronic trading volumes over the next year," the report notes, with participants predicting 64 percent of their activity will be in the crypto space by 2024.\nWhile the survey found traders were unanimous in their belief that electronic trading will continue to grow, they also expected rough weather ahead. When asked which potential developments will have the greatest impact on the markets in 2023, the top answers were recession risk (30%), inflation (26%), and geopolitical conflict (19%).\nThe e-Trading Edit report is only the latest of several studies and reports that JP Morgan has released in the past month relating to cryptocurrency and digital assets. Last week, the firm predicted "significant challenges" for Bitcoin and Ethereum and noted that Solana, Terra, and tokens were gaining traction in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs).\nJP Morgan also looked at theprospectsfor leading crypto exchange Coinbase last month, saying the upcoming Shanghai update for Ethereum "could usher in a new era of staking" for the firm.', 'More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology. JP Morgan\'s e-Trading Edit report is now in its seventh year , the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual assessment of trader sentiment spans several asset classes and is intended to reveal "upcoming trends and the most hotly debated topics." The tumultuous bear market in crypto—coupled with the recent consumer and commercial hype over accessible AI technology like ChatGPT—seems to have shifted the outlook of financial industry professionals. Last year, blockchain and distributed ledger technology tied for second with AI and machine learning with 25 percent of respondents declaring them key to the future. Mobile trading applications came in first, with 29 percent. Now, AI dwarfs every other major category of technology, its 53% citation rate far and away ahead of API integration (14%) and blockchain (12%). The top 2022 technology, mobile apps, fell to 7%, along with quantum computing and natural language processing. Why Is Crypto Twitter Obsessed with ChatGPT? Tackling crypto specifically, JP Morgan found that 72% of traders "have no plans to trade crypto [or] digital coins," with 14% predicting they plan to trade within five years. Even so, respondents clearly felt that other players were bullish on the space. "Crypto and digital coins, commodities, and credit are predicted to have the biggest increases in electronic trading volumes over the next year," the report notes, with participants predicting 64 percent of their activity will be in the crypto space by 2024. While the survey found traders were unanimous in their belief that electronic trading will continue to grow, they also expected rough weather ahead. When asked which potential developments will have the greatest impact on the markets in 2023, the top answers were recession risk (30%), inflation (26%), and geopolitical conflict (19%). Story continues The e-Trading Edit report is only the latest of several studies and reports that JP Morgan has released in the past month relating to cryptocurrency and digital assets. Last week, the firm predicted " significant challenges " for Bitcoin and Ethereum and noted that Solana, Terra, and tokens were gaining traction in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs). JP Morgan also looked at the prospects for leading crypto exchange Coinbase last month, saying the upcoming Shanghai update for Ethereum "could usher in a new era of staking" for the firm.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dipped below $23K earlier in the weekend and flattened on Sunday as investors await the next utterances from Federal Reserve Chairman Jerome Powell.\nInsights:If crypto continues to rebound, venture capital in blockchain projects is likely to rise. Will venture capitalists avoid their past investment mistakes in the blockchain space?\nCoinDesk Market Index (CMI)\n1,088\n−14.6▼1.3%\nBitcoin (BTC)\n$23,059\n−208.2▼0.9%\nEthereum (ETH)\n$1,639\n−21.7▼1.3%\nS&P 500\n4,136.48\n−43.3▼1.0%\nGold\n$1,880\n+16.7▲0.9%\nNikkei 225\n27,509.46\n+107.4▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Trades Flat as Investors Await Powell Speech, More Earnings\nBy Sam Reynolds\nMajor digital asset prices traded flat over the weekend, with bitcoin down 1.7% and ether in the red 2.3% over the weekend.\nAfter a mediocre start to earnings season, investors are thought to be looking ahead to Federal Reserve Chairman Jerome Powell’s speech before the Economic Club in Washington, D.C., scheduled for Tuesday afternoon, before making any big moves.\nFactSet data shows that less than 1% of the companies in the S&P 500 reported earnings that were above estimates. This is below the five-year average of 8.6%, and the 10-year average of 6.4%.\n"As a result, the earnings decline for the fourth quarter is larger today compared to the end of last week and compared to the end of the quarter," FactSet\'s senior earnings analyst John Butterswrote in a Friday market update. "If the index reports an actual decline in earnings for Q4 2022, it will mark the first year-over-year decline in earnings reported by the index since Q3 2020.”\nSpeaking late last week on CoinDesk TV, David Siemer, CEO of accounting software provider Wave Financial, said that the market is giving mixed signals – strong job numbers, but mediocre earnings results – and he still expects a recession this year, albeit a weak one.\n“I am a little more optimistic that it won\'t be quite as severe a recession as in a great recession or major, major recession,” he said, pointing to the resilience of consumers. “The fact that the Fed\'s actions are having such a slow effect doesn\'t mean cumulatively they won\'t eventually have a major effect. We\'re probably still a quarter or two away from seeing what the Fed\'s actions have really actually done to the economy.”\nAnd what does this mean to crypto prices, looking forward? Joe DiPasquale, CEO of crypto fund manager BiBull Capital, wrote in a note to CoinDesk that crypto markets are “optimistic” after a modest rate increase and bitcoin will “oscillate around the $20K support level for the next few months, barring other unforeseen events and market action.”\nMeanwhile, the U.S. Dollar Index (DXY) is opening the Asia trading week at 103.12, staying in what many analysts call a “defensive” position. The measure of the world’s largest fiat asset spent most of last year surging, hitting stock and crypto prices hard. Year-to-date it’s down 1.4%.\n[{"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}]\nCan Crypto VCs Avoid the Mistakes of Last Year?\nBy Sam Reynolds\nThe last quarter of 2021 was the end of an unprecedented bull market that began the year before with COVID-included macroeconomic policy and finished with the Fed raising rates in 2022, and with a trio of collapses, most notably crypto exchange FTX and its trading arm Alameda Research. Venture capitalists enjoyed the ride on the way up, but certainly felt the pain on the way down in 2022 as cascading failures knocked the wind out of their portfolios.\nFor the industry, the trillion-dollar question will be: Did VCs learn anything, and can they avoid repeating the mistakes of last year that severely dented their profits. VCs invested
**Last 60 Days of Bitcoin's Closing Prices:**
[17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-06
**Financial & Commodity Data:**
- Gold Closing Price: $1866.20
- Crude Oil Closing Price: $74.11
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $444,017,409,712
- Hash Rate: 289509602.11744976
- Transaction Count: 301977.0
- Unique Addresses: 663760.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Its totally plausible for economists, investors, stock pundits, and others to have very different views about the economy and the stock markets outlook. But when it comes to the travel sector, I think its crystal clear that the space is continuing to boom. Therefore, I really think that its hard for investors to go wrong by buying travel stocks at this point. Delta (NYSE: DAL ) on Dec. 14 increased its fourth-quarter guidance in one very bullish sign for the travel sector. Moreover, its CEO, Ed Bastian, said, Demand for air travel remains robust as we exit the year, and Deltas momentum is building. Since, based on Bastians statement, its clear that the demand for air travel remains strong and appears to be accelerating, most American travel companies are going to be very successful for at least the medium term. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Also worth noting is an optimistic statement in August by the CEO of CWT , a company that coordinates business travel. Demand for business travel and meetings is back with a vengeance, of that there is absolutely no doubt, said Patrick Andersen, the CEO. And providing a succinct, witty endorsement of travel stocks earlier this month was CNBCs Jim Cramer, who said , The biggest theme is the rise of this life is too short mentality. People dont want to waste their time anymore. Ticker Company Price H Hyatt $111.82 BKNG Booking Holdings $2,402.34 MGM MGM $40.28 MTN Vail Resorts $254.26 AAL American Airlines $16.02 UBER Uber Technologies $29.93 EADSY Airbus $32.81 Hyatt ( H ) Hyatt Hotels (H) building with logo in front of shrubbery Source: EQRoy/Shutterstock.com Morgan Stanley, whose outlook on American stocks tends to be quite bearish, is nonetheless very upbeat on Hyatt (NYSE: H ). The investment bank is bullish on the entire hotel sector, as it noted that the spaces U.S. RevPAR (revenue per available room) was higher than in 2019 as of the end of last year. Meanwhile, Hyatts occupancy levels and prices have been climbing, Morgan Stanley reported. Story continues Partially driven by higher fees and capital returns to shareholders, Hyatts free cash flow per share and valuation will meaningfully increase, MS predicted last month. Moreover, Morgan Stanley expects the hotel operators 2023 EBITDA will come in around $1.3 billion. Finally, MS noted that the company intends to increase its total number of rooms by 5%
. over the next two years. Hyatt tends to cater to wealthier individuals, the vast majority of whom, in my opinion, have not been badly hurt by high inflation and rising interest rates. The shares have momentum, as they jumped 23% in the month that ended on Jan. 23. Booking Holdings (BKNG) a person opens up Booking.com on a smartphone Source: Denys Prykhodov / Shutterstock.com One of the worlds largest online travel agencies, Booking Holdings (NASDAQ: BKNG ), like Hyatt, has a great deal of positive momentum, as its shares climbed 20% in the month that ended on Jan. 23. Since it serves countries all over the world , BKNG can meaningfully benefit from Chinas reopening and the acceleration of economic growth thats currently occurring in Europe. In the U.S., BKNG has a 38% share of the online hotel booking market, leaving the company well-positioned to benefit from the strong rebound of business travel in America. On Dec. 29, investment bank Tigress Financial issued a bullish note on BKNG stock. According to the firm, the demand for travel will stay robust, and it thinks that the shares will get a massive lift from Chinas reopening. Tigress maintained a $3,210 price target and a strong-buy rating on the shares. BKNG has an attractive five-year forward PEG ratio of 0.54. MGM (MGM) A photo of the MGM logo on the MGM casino building. Source: Michael Neil Thomas / Shutterstock.com Ive long been bullish on MGMs (NYSE: MGM ) shares, which Ive also owned for many months. As reasons for my optimism on the name, Ive cited MGMs substantial leverage to Las Vegas powerful recovery, the excellent track record of Barry Diller, who has invested a great deal of money in the company, and the casino owners ability to benefit from the growth of sports betting through its joint venture, BetMGM. Financial research firm Hedgeye recently issued a bullish note on MGM, stating, We are becoming more positive on the LV Strip, The firm expects Vegas casinos to get a big lift from the return of business conferences to the city and the high number of consumers who are currently visiting the area. Also upbeat on MGM stock earlier this month was investment bank Stifel, which upgraded the shares to buy from hold. The firm predicts that the company will benefit from its robust database and its powerful loyalty program, as well as Las Vegas resurgence and the rejuvenation of the Chinese gambling center of Macau. Meanwhile, New York is looking to allow three casinos to open in the New York City area, and there are rumors that Texas, where I currently live, is going to legalize gambling soon. MGM could get a major foothold in the two markets, both of which are huge. Vail Resorts (MTN) A concept token for Medicalchain (MTN) on euros. Source: Shutterstock In a December column, I wrote that Vail Resorts (NYSE: MTN ) should benefit from its focus on middle class and wealthy consumers, along with generally strong..demand for skiing. That prediction appears to have been correct, as the company, on Jan. 18, reported that the number of visits to its North American destination mountain resorts and regional ski areas had increased 12.5% during the current skiing season versus the same period a year earlier. Moreover, its ski school revenue, its dining revenue, and its retail/rental revenue soared 35.6%, 58%, and 34.4%, respectively, year-over-year. Thus, it is among the best travel stocks to buy. Although the company said that Season-to-date destination guest visitation at [its] western U.S. resorts was below [its] expectations because of extreme weather that led to flight cancellations, I believe that the increases in the companys metrics were still very impressive. Moreover, the firm reported that a portion of those who had to cancel their visits to its resorts earlier this season would return later in the year. In the three months that ended on Jan. 23, MTN has climbed 16%, showing that it has positive momentum, and the shares have an attractive Enterprise Value/EBITDA ratio of 14. American Airlines ( AAL ) An American Airlines (AAL) airplane waiting on the tarmac. Represents airline stocks. Source: GagliardiPhotography / Shutterstock.com American Airlines (NASDAQ: AAL ) is benefiting from the boom of the airline sector described by Deltas CEO, whom I quoted in the introduction to this column. Earlier this month, AAL stated that its fourth-quarter revenue had jumped 16%-17% versus 2019 levels, up from its previous estimate of an 11%-13% gain. Even more impressively, the airline now expects its Q4 EPS to come in at $1.12-$1.17, versus its previous outlook of 50 cents to 70 cents and analysts previous average estimate of 58 cents. Meanwhile, American is well-positioned to take market share from Southwest (NYSE: LUV ) after the latter airlines recent debacle. Airlines have generally been performing very well recently, as, reporting data from Bank of America, Seeking Alpha reported that System net sales were up 14.6% above the pre-pandemic 2019 level for the week ending January 8 to continue the recent positive trends seen throughout the holiday periods. AAL stock has an attractive forward price-earnings ratio of 7.4. Thus, it is among the top travel stocks to buy. Uber Technologies ( UBER ) The Uber logo is displayed on a smartphone on top of a map background. Source: Proxima Studio / Shutterstock.com Given its strong leverage to the number of people flying and tourism, Uber (NYSE: UBER ) is well-positioned to benefit from the travel stocks boom in general and the current flying surge in particular. Additionally, the company, with its Uber Eats unit, is exploiting the food delivery trend, whose popularity has been surging in recent years. Indeed, analysts, on average, expect its sales to jump 16% this year to $36.85 billion, and their mean estimate calls for its per-share loss to narrow to just 25 cents this year from $4.87 in 2022. Their average price target on the name is $45.92, more than 50% above the stocks current level. Meanwhile, Goldman Sachs believes that Uber can exploit increased demand for the delivery of goods beyond food. And Uber is finally starting to dip its toe into the autonomous-driving pool, as the company has started to offer autonomous rides in Las Vegas and is poised to extend the service to Los Angeles. Of course, using autonomous vehicles rather than human drivers should save Uber a great deal of money, particularly as the companys use of self-driving cars expands around the U.S. and beyond. Trading at a price-sales ratio of just two, Ubers valuation is very attractive at this point. Airbus (EADSY) Like travel stocks such as Uber, Airbus (OTCMKTS: EADSY ), a huge Europe-based plane maker, is well-positioned to benefit from the airlines prosperity. In fact, Airbus, unlike its main competitor, Boeing (NYSE: BA ) (which has been beset by huge execution problems and was deep in the red for the 12 months that ended in September), is already very prosperous and profitable. In the 12 months that ended in September, Airbus net income came in at a staggering 4.15 billion euros. Moreover, in 2022, the European plane maker
delivered 661 planes and received orders for 1,078 planes, while Boeing delivered 479 jets and received orders for 774., TipRanks noted. And indicating that the overall demand for planes was quite strong in the fourth quarter, General Electric (NYSE: GE ) reported today that the orders of its Aerospace unit, which makes plane engines, had surged 20% last quarter versus the s...
- 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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23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47
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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:**
['One of the best ways to make money in 2023 is by picking up red-hot bargain stocks in some of the hottest industries. Look at lithium stocks , like Albemarle (NYSE: ALB ), for example. After a disgusting year, the stock exploded from about $210 to $287 in recent weeks. All thanks to earnings, and the fact the supply-demand story isn’t going away. In fact, it’s only going to get worse, with global leaders demanding millions of electric vehicles. Or, look at Tesla (NASDAQ: TSLA ). It was crushed last year. However, with deliveries and earnings improving, it’s just starting to show big signs of life in the bargain bin. Over the last few weeks, TSLA ran from about $100 to $190. We’re seeing similar bargains with dozens of other green-related stocks, artificial intelligence, technology, you name it… Better, after one of the roughest years on record, there are plenty of bargain stocks to be found. Here are three. LAC Lithium Americas $24.32 PFE Pfizer $44.06 MARA Marathon Digital $7.07 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lithium Americas (LAC) smartphone with logo of Canadian company Lithium Americas Corp on screen Source: Wirestock Creators / Shutterstock.com I’ve mentioned Lithium Americas (NYSE: LAC ) many times. That’s because I believe it could be an Albemarle-type giant. For one, the pullback in LAC appears largely overdone. Two, the electric vehicle boom, coupled with supply-demand issues should keep lithium prices elevated. Three, the company has two high-quality assets, including its U.S. Thacker Pass mine, where the company expects to see an average EBITDA of $520 million. Lithium Americas also holds a 44.8% stake in an Argentinian asset, Cauchari-Olaroz, where the company expects to see an annual EBITDA of $308 million. Wanting to unlock even more value, Lithium Americas recently announced a split into two separate entities. That would include an Argentina-focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina; and a North America-focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada, and the Company’s North American investments. Story continues Pfizer (PFE) medicine research, pharmaceutical background, LJPC stock Source: Sisacorn / Shutterstock.com Pfizer (NYSE: PFE ) is another one of the top bargain stocks to consider. At the moment, PFE is sitting at support dating back to late 2022. It’s also wildly oversold on RSI, MACD, and Williams’ %R. And from a current price of $44.06, I believe it could easily run back to $54. For one, there’s the longstanding COVID-19 vaccine story. It’s not going away – at least not anytime soon. Two, at 10x forward earnings, with a yield of 3.73%, PFE is a bargain. Three, analysts are bullish on the stock. With a buy rating, and a $75 price target, Cantor Fitzgerald for example says the pipeline could surprise. Four, according to Pfizer CEO Albert Bourla , the company is preparing to launch several new products over the next 18 months. It’s also looking to go into China’s private market shortly.\xa0In addition, as noted by Barron’s, Pfizer “really wants to shift the discussion away from Covid and to the rest of its business. It projects that non-Covid revenue will rise 6% annually through 2025 and then increase at 6% or better each year through 2030, to at least $70 billion.” Marathon Digital (MARA) Concept art of crypto mining with little figuring and a Bitcoin token. Source: Shutterstock Marathon Digital (NASDAQ: MARA ) is one of the riskier ideas on this list. All because of its dependence on the price of Bitcoin ( BTC-USD ). If BTC can push higher, mining stocks, like Marathon Digital are sure to follow. And that’s because MARA revenue is tied to the value of BTC. The more valuable BTC becomes, the better the mining stocks will do. MARA, for example, just announced it produced 475 BTC in Dec. and a total of 1,562 BTC in Q4 2022. It also produced 4,144 BTC in 2022, a 30% year-over-year jump. As the value of BTC increases, so does the value of MARA’s mined coins. Also, as noted by Investorplace contributor Chris Markoch , “The hash rate (which is a metric used to measure the market value of mining or computer power will only increase as the number of Bitcoin to be mined dwindles. And with most analysts saying that it will take until approximately 2040 for the last of the current two million remaining Bitcoin to be mined, MARA stock looks like a winner for the next decade.” On the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Bargain Stocks to Snap Up Before the Crowd Gets Wise appeared first on InvestorPlace .', 'One of the best ways to make money in 2023 is by picking up red-hot bargain stocks in some of the hottest industries. Look atlithium stocks, likeAlbemarle(NYSE:ALB), for example. After a disgusting year, the stock exploded from about $210 to $287 in recent weeks. All thanks to earnings, and the fact the supply-demand story isn’t going away. In fact, it’s only going to get worse, with global leaders demanding millions of electric vehicles.\nOr, look atTesla(NASDAQ:TSLA). It was crushed last year. However, with deliveries and earnings improving, it’s just starting to show big signs of life in the bargain bin. Over the last few weeks, TSLA ran from about $100 to $190. We’re seeing similar bargains with dozens of other green-related stocks, artificial intelligence, technology, you name it… Better, after one of the roughest years on record, there are plenty of bargain stocks to be found. Here are three.\n[{"LAC": "PFE", "Lithium Americas": "Pfizer", "$24.32": "$44.06"}, {"LAC": "MARA", "Lithium Americas": "Marathon Digital", "$24.32": "$7.07"}]\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Wirestock Creators / Shutterstock.com\nI’ve mentionedLithium Americas(NYSE:LAC) many times. That’s because I believe it could be an Albemarle-type giant. For one, the pullback in LAC appears largely overdone. Two, the electric vehicle boom, coupled with supply-demand issues should keep lithium prices elevated.\nThree, the company has two high-quality assets, including its U.S. Thacker Pass mine, where the company expects to see an average EBITDA of $520 million. Lithium Americas also holds a 44.8% stake in an Argentinian asset, Cauchari-Olaroz, where the company expects to see an annual EBITDA of $308 million.\nWanting to unlock even more value, Lithium Americas recently announced a split into two separate entities. That would include an Argentina-focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina; and a North America-focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada, and the Company’s North American investments.\nSource: Sisacorn / Shutterstock.com\nPfizer(NYSE:PFE) is another one of the top bargain stocks to consider. At the moment, PFE is sitting at support dating back to late 2022. It’s also wildly oversold on RSI, MACD, and Williams’ %R. And from a current price of $44.06, I believe it could easily run back to $54. For one, there’s the longstanding COVID-19 vaccine story. It’s not going away – at least not anytime soon. Two, at 10x forward earnings, with a yield of 3.73%, PFE is a bargain. Three, analysts are bullish on the stock. With a buy rating, and a $75 price target, Cantor Fitzgerald for example says the pipeline could surprise.\nFour, according toPfizer CEO Albert Bourla, the company is preparing to launch several new products over the next 18 months. It’s also looking to go into China’s private market shortly.\xa0In addition, as noted by Barron’s, Pfizer “really wants to shift the discussion away from Covid and to the rest of its business. It projects that non-Covid revenue will rise 6% annually through 2025 and then increase at 6% or better each year through 2030, to at least $70 billion.”\nSource: Shutterstock\nMarathon Digital(NASDAQ:MARA) is one of the riskier ideas on this list. All because of its dependence on the price ofBitcoin(BTC-USD). If BTC can push higher, mining stocks, like Marathon Digital are sure to follow. And that’s because MARA revenue is tied to the value of BTC. The more valuable BTC becomes, the better the mining stocks will do.\nMARA, for example, just announced it produced 475 BTC in Dec. and a total of 1,562 BTC in Q4 2022. It also produced 4,144 BTC in 2022, a 30% year-over-year jump. As the value of BTC increases, so does the value of MARA’s mined coins.\nAlso, as noted byInvestorplace contributor Chris Markoch, “The hash rate (which is a metric used to measure the market value of mining or computer power will only increase as the number of Bitcoin to be mined dwindles. And with most analysts saying that it will take until approximately 2040 for the last of the current two million remaining Bitcoin to be mined, MARA stock looks like a winner for the next decade.”\nOn the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.comPublishing Guidelines.\nIan Cooper, a contributor to InvestorPlace.com,
**Last 60 Days of Bitcoin's Closing Prices:**
[17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-07
**Financial & Commodity Data:**
- Gold Closing Price: $1871.70
- Crude Oil Closing Price: $77.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $441,740,306,025
- Hash Rate: 277772726.3559315
- Transaction Count: 300429.0
- Unique Addresses: 688379.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Executives of bankrupt crypto lender BlockFi haven't withdrawn any of their own cryptocurrencies locked up in the platform since October, a lawyer for the company told a U.S. Bankruptcy Court for the District of New Jersey on Monday, contrasting it to fellow bankrupt crypto lender Celsius Network. BlockFi filed for bankruptcy in November shortly after the collapse of crypto exchange FTX. "I think the important takeaway here is that there was no situation where insiders were pulling money off the platform on the eve of or anywhere near this bankruptcy file ... So this is not the Celsius case where management extracted value on the eve of the file," Joshua Sussberg, a partner at law firm Kirkland & Ellis and representative for BlockFi, said during the second hearing in BlockFi's Chapter 11 bankruptcy proceedings. Kirkland & Ellis also represents Celsius in that firm's bankruptcy. Sussberg said BlockFi plans to file its assets and liabilities, along with a statement of financial affairs on Wednesday, which BlockFi later confirmed on Twitter. Shortly after the first hearing in November, the company kicked off a sale process and has reached out to "106 domestic and international potential buyers for some or all of the business," Sussberg's presentation said. The company plans to ask for court approval of bidding procedures at a Jan. 30 hearing. Sussberg also pointed to around $15 million in withdrawals by five members of the management team, including $6 million by CEO Zac Prince, that were categorized as "litigation settlement payment" or tax payments routed through executives. No member of the BlockFi management team withdrew any cryptocurrency from the platform after Oct. 14, and no member made a withdrawal greater than 0.2 bitcoin ( BTC ) in value after Aug. 17, Sussberg said during the hearing. U.S. Bankruptcy Judge Michael B. Kaplan also denied a motion by BlockFi, requesting the turnover of Robinhood Markets (HOOD) shares that FTX had pledged to BlockFi as collateral for a loan . “At this juncture, it's clear that this court is not in a position to enter any turnover order of any type. The shares are being held by the government pursuant to a warrant of seizure, and the government is not a party to the pending adversary proceeding,” Kaplan said during the hearing before denying the motion. Read more: Bankrupt Crypto Lender BlockFi Looks to Restart Certain Customer Withdrawals 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.
|
22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60
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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:**
['A group of senators is joining together to form a caucus devoted to working out issues related to the Colorado River. Meanwhile, BP is scaling back its 2030 climate goal, while the EU is considering a ban on \x93forever chemicals.\x94 This is Energy & Environment , your source for the latest news focused on energy, the environment and beyond. For The Hill, we\x92re Rachel Frazin and Zack Budryk. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Bipartisan lawmakers join over Western water issues As Colorado River basin states struggle to come to an agreement over proposed cutbacks to water consumption, a bipartisan group of U.S. lawmakers is pushing to evaluate the issue. An informal group launched by Sen. John Hickenlooper (D-Colo.) has now expanded to include senators representing the seven Colorado River basin states: California, Arizona, Nevada, New Mexico, Utah, Colorado and Wyoming. Details about the caucus were first reported by CNN on Tuesday but later confirmed to The Hill by a spokesperson for Hickenlooper. The Colorado senator expressed support for a partnership between the Senate and the states, telling CNN that \x93there might be additional resources that are needed to really solve this.\x94 While talks have just begun, some senators are looking at how they might harness additional financing for water users who could soon face significant reductions. Another key goal of the new Senate caucus involves helping alleviate tensions between California and the other Colorado River states. Read more here, from The Hill\x92s Sharon Udasin. BP cuts back 2030 climate target Oil giant BP is scaling back its plans to cut emissions by reducing its oil and gas production by 2030, the company said Tuesday. In announcing 2022 profit of nearly $27.7 billion,\xa0the company said it would now try to reduce the emissions from its products by 20 to 30 percent by 2030. Story continues That\x92s less ambitious than a goal set by the company in 2020 to slash the emissions of its products by 35 to 40\xa0percent by the end of the decade. The company also said it plans to grow its oil and gas production for at least a few more years \x97 to 2025. Emissions from the burning of fossil fuels, including oil and gas as well as coal, are the main drivers of climate change. BP still says it plans to reach net-zero emissions from its products by 2050. Asked about the move to scale back the 2030 goal, a BP spokesperson pointed to the fact that the company is also increasing its investment in biofuel, renewable energy, hydrogen energy and electric vehicle charging. Read more about the target here. EU EYES PFAS BAN The European Union is proposing a ban on the use of a group of common toxic chemicals known as PFAS. Types of PFAS, or per- and polyfluoroalkyl substances, have been linked to a range of illnesses including kidney and testicular cancer, as well as thyroid and immune system problems. They are sometimes called \x93forever chemicals\x94 because they can linger in the human body and the environment. They are used in a variety of waterproof and nonstick products including pans, raincoats and cosmetics. The EU\x92s proposal would take effect 18 months after its passage, but would take longer for some products. There would also be an unlimited time exception for some \x93exceptional cases.\x94 Despite the exceptions, the EU\x92s proposal goes beyond actions taken by the U.S., which doesn\x92t have federal limits on the products. The state of Maine has approved a ban on PFAS products that will take effect in 2030. Read more about the EU proposal here. Climate change contributing to spread of \x91superbugs\x92 Climate change is heightening the risk posed by antibiotic-resistant viruses, according to research published Tuesday by the United Nations Environment Program. The report found so-called superbugs have been exacerbated by climate change due to increased bacterial growth caused by warmer temperatures and pollutants that have increased the spread of antibiotic-resistance genes. The analysis notes that overuse of antimicrobials and pollutants can spread resistance, while contact with resistant microorganisms can create resistance in bacteria already present in air, water and soil. Pollution associated with wastewater, particularly from hospitals, is a major factor, as well as runoff from pharmaceutical production and agriculture, according to the report. The risk is particularly great for historically polluted waterways, which are more likely to provide shelter for microorganisms that foster antibiotic resistance. A combination of increased pollution and decreased resources for pollutant management has made the problem worse in combination with resistance in health care and agriculture settings. Read more about the research here. ON TAP TONIGHT President Biden will deliver his State of the Union Address. ON TAP TOMORROW The House Natural Resources Committee will hold a hearing titled \x93Unleashing America\x92s Energy and Mineral Potential\x94 The House Transportation and Infrastructure Committee will hold a hearing on impacts of the Waters of the United States rule WHAT WE\x92RE READING Heat pumps are defying Maine\x92s winters and oil industry pushback ( The Washington Post ) Biden administration acknowledges it can force Bitcoin mines to disclose pollution ( The Verge ) An \x91inland tsunami\x92: 15 million people are at risk from catastrophic glacial lake outbursts, researchers find ( CNN ) The U.N. Secretary-General\x92s Searing Message for the Fossil-Fuel Industry ( The New Yorker ) Cold Snap Pushed New England to Burn More Diesel for Power ( The Wall Street Journal ) ICYMI California oil drilling restrictions make ballot initiative after lobbying Newsom calls for federal probe into soaring natural gas prices That\x92s it for today, thanks for reading. Check out The Hill\x92s Energy & Environment page for the latest news and coverage. We\x92ll see you tomorrow. For the latest news, weather, sports, and streaming video, head to The Hill.', 'A group of senators is joining together to form a caucus devoted to working out issues related to the Colorado River. Meanwhile, BP is scaling back its 2030 climate goal, while the EU is considering a ban on \x93forever chemicals.\x94 This is Energy & Environment , your source for the latest news focused on energy, the environment and beyond. For The Hill, we\x92re Rachel Frazin and Zack Budryk. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Bipartisan lawmakers join over Western water issues As Colorado River basin states struggle to come to an agreement over proposed cutbacks to water consumption, a bipartisan group of U.S. lawmakers is pushing to evaluate the issue. An informal group launched by Sen. John Hickenlooper (D-Colo.) has now expanded to include senators representing the seven Colorado River basin states: California, Arizona, Nevada, New Mexico, Utah, Colorado and Wyoming. Details about the caucus were first reported by CNN on Tuesday but later confirmed to The Hill by a spokesperson for Hickenlooper. The Colorado senator expressed support for a partnership between the Senate and the states, telling CNN that \x93there might be additional resources that are needed to really solve this.\x94 While talks have just begun, some senators are looking at how they might harness additional financing for water users who could soon face significant reductions. Another key goal of the new Senate caucus involves helping alleviate tensions between California and the other Colorado River states. Read more here, from The Hill\x92s Sharon Udasin. BP cuts back 2030 climate target Oil giant BP is scaling back its plans to cut emissions by reducing its oil and gas production by 2030, the company said Tuesday. In announcing 2022 profit of nearly $27.7 billion,\xa0the company said it would now try to reduce the emissions from its products by 20 to 30 percent by 2030. Story continues That\x92s less ambitious than a goal set by the company in 2020 to slash the emissions of its products by 35 to 40\xa0percent by the end of the decade. The company also said it plans to grow its oil and gas production for at least a few more years \x97 to 2025. Emissions from the burning of fossil fuels, including oil and gas as well as coal, are the main drivers of climate change. BP still says it plans to reach net-zero emissions from its products by 2050. Asked about the move to scale back the 2030 goal, a BP spokesperson pointed to the fact that the company is also increasing its investment in biofuel, renewable energy, hydrogen energy and electric vehicle charging. Read more about the target here. EU EYES PFAS BAN The European Union is proposing a ban on the use of a group of common toxic chemicals known as PFAS. Types of PFAS, or per- and polyfluoroalkyl substances, have been linked to a range of illnesses including kidney and testicular cancer, as well as thyroid and immune system problems. They are sometimes called \x93forever chemicals\x94 because they can linger in the human body and the environment. They are used in a variety of waterproof and nonstick products including pans, raincoats and cosmetics. The EU\x92s proposal would take effect 18 months after its passage, but would take longer for some products. There would also be an unlimited time exception for some \x93exceptional cases.\x94 Despite the exceptions, the EU\x92s proposal goes beyond actions taken by the U.S., which doesn\x92t have federal limits on the products. The state of Maine has approved a ban on PFAS products that will take effect in 2030. Read more about the EU proposal here. Climate change contributing to spread of \x91superbugs\x92 Climate change is heightening the risk posed by antibiot
**Last 60 Days of Bitcoin's Closing Prices:**
[17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-08
**Financial & Commodity Data:**
- Gold Closing Price: $1877.40
- Crude Oil Closing Price: $78.47
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $446,501,842,638
- Hash Rate: 269948142.5149194
- Transaction Count: 316963.0
- Unique Addresses: 682912.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: FTSE higher as Wall Street starts brisk week with modest gains. Photo: Angela Weiss/AFP (ANGELA WEISS via Getty Images) The FTSE 100 and European stocks finished higher on Monday, despite recession fears on both sides of the Atlantic. The FTSE 100 ( ^FTSE ) rose 0.24% to close at 7,789, while the CAC 40 ( ^FCHI ) in Paris jumped 0.62% to 7,039 points. In Germany, the DAX ( ^GDAXI ) climbed 0.49% at 15,033. Across the pond, stocks were higher despite fears of a potential slowdown in rate hikes from the Federal Reserve and braced for a busy week of earnings. The Dow Jones ( ^DJI ) rose 1.06% to 33,728 points. The S&P 500 ( ^GSPC ) gained 1.38% to 4,027 points and the tech-heavy NASDAQ ( ^IXIC ) advanced 1.97% to 11,359. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: The FTSE 100 has opened marginally higher, as quiet optimism continues to swirl. Read more: UK recession could be twice as bad as previously expected She also highlighted investor confidence has jumped 12% according to the Hargreaves Lansdown survey which tracks sentiment every month. Ocado ( OCDO.L ) led this session's gains, up 3.93%, followed by Persimmon ( PSN.L ), up 2.04%, and Primark owner Associated British Foods ( ABF.L ). Miner Antofagasta ( ANTO.L ), up 1.71%, and JD Sports ( JD.L ), up 1.66% complete the top five risers. Sterling ( GBPUSD=X ) also hit a seven-month high against US dollar, with the pound climbing 0.16% to around $1.2413 before retreating. AJ Bell investment director Russ Mould said: The big economic announcements come on Thursday and Friday as the US releases GDP figures for the fourth quarter and core inflation numbers from the worlds largest economy are also released. These will offer insight into two key and related factors which are grabbing the markets attention right now. First, will the US avoid a deep recession and second, will inflation ease sufficiently to allow the Federal Reserve to ease up on interest rates before it has inflicted too much pain on businesses and consumers? Tomorrow the focus will be on PMI data from the US, Europe and the UK. Always a useful leading indicator given how on top of the economic backdrop the purchasing managers surveyed must be to get their decisions right. Story continues Read more: Bitcoin price near $23,000 as it shrugs off Genesis bankruptcy Transport and infrastructure names were, appropriately enough, helping to get the UK market moving at the start of the week. Balfour Beatty ( BBY.L ) continues to impress under market Mr Fix-it Leo Quinn as it snared a £1.2bn contract to deliver a package of works linked to the proposed Lower Thames Crossing while National Express secured new rail franchises in Germany. The EY Item Club warned the UK recession will be deeper than it thought three months ago. The consultancy sees a 0.7% contraction for this year, compared with 0.3% predicted in October. This will be followed by growth of 1.9% in 2024, down from the 2.4% improvement previously expected. Meanwhile, Brent crude ( BZ=F ) bounced back and was trading at around $88 per barrel, amid optimism around China's demand outlook. In Asia, Tokyos Nikkei 225 ( ^N225 ) closed higher, climbing 1.33% to 26,906 points, while the Hang Seng ( ^HSI ) in Hong Kong gained 1.82% to 22,044. The Shanghai Composite ( 000001.SS ) also edged higher, rising 0.76% to 3,264 points. Watch: Fed will raise rates again, 'markets will like it': Teddy Weisberg...
- 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.
|
21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28
|
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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin spent another day near its most recent $23K support. LDO spikes.\nInsights:AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher can continue.\nCoinDesk Market Index (CMI)\n1,086\n−12.6▼1.1%\nBitcoin (BTC)\n$22,970\n−363.2▼1.6%\nEthereum (ETH)\n$1,655\n−31.7▼1.9%\nS&P 500\n4,117.86\n−46.1▼1.1%\nGold\n$1,886\n+8.3▲0.4%\nNikkei 225\n27,606.46\n−79.0▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23K; LDO Jumps on Armstrong Tweet\nWhat did U.S. central bank Chair Jerome Powellmean in remarksTuesday at the Economic Club of Washington D.C.?\nCrypto investors and otherwise spent much of Wednesday weighing a repeat of Powell\'s utterances from a week ago that the "deflationary process" had started but that the Federal Reserve would remain vigilant about stamping out high inflation; and somewhat more hawkish remarks from three Federal Reserve governors, including John Williams, who suggested central bankers would consider more aggressive rate hikes if the inflation climate worsened.\nBitcoin digested the latest developments and held steady throughout the day around its current support just below $23,000. The largest cryptocurrency by market capitalization was recently trading at $22,970, down 1.6% over the past 24 hours. BTC\'s recent lull follows a January surge to remember.\n"Bitcoin’s strong start to the year appears to be over for now," Edward Moya, chief market analyst for foreign exchange market maker Oanda, wrote in an email. "After hitting some key technical resistance just above the $24,000 level, bitcoin is entering consolidation modes."\nMoya added that bitcoin could lose its current perch with "the next big move in bond yields."\n"Bond market volatility will be insane after the Valentine’s day inflation report, which might mean bitcoin could drift towards the $20,000 level if stocks get hammered over the next few sessions," he wrote.\nYields on two- and 10-year U.S. Treasurys both dropped slightly on Wednesday.\nMeanwhile, ether followed bitcoin\'s lead, holding its most recent support comfortably above $1,600, although it was recently down over 2% from Tuesday, same time. But as CoinDesk markets analyst Glenn WilliamsnotedWednesday in a column column, the second-largest crypto in market value had regained its correlation to BTC after lagging so far this year. Both cryptos are up about 38% since Jan. 1.\nOther major cryptos in market value were recently in the red, although Lido DAO\'s LDO token jumped 8% at one point, much of its gain coming late Wednesday (ET) after Coinbase CEO Brian Armstrongtweetedthat he\'d heard rumors the U.S. Securities and Exchange Commission (SEC)would like to banretail investors from engaging incryptocurrency staking, the income-generating technique at the core of running blockchains includingEthereum.\n"I hope that\'s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Armstrong wrote.\nEquity markets closed down with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component dropping 1.1% and 1.7%, respectively, as markets also continued to mull over mixed, fourth-quarter earnings and jobs data recent that has been defiantly strong, suggesting Fed monetary policy hasn\'t been fully successful.\n"If the Valentine’s Day [Feb. 14] inflation report ends up being a hot one, traders might start believing the Fed’s hawkish pushback," Oanda\'s Moya wrote.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.8%", "DACS Sector": "Currency"}]\nWhat\'s With the AI Surge and Will It Last?\nIn a Feb. 8 analysis, CoinDesk editor Shaurya Malwa highlighted the huge gains of AI-related tokens, including the platforms of Alethea\'s artificial liquid intelligence (ALI),Fetch.ai\'s(FET) and SingularityNET (AGIX), which have surged as much as 220%. Malwa wrote that institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector. But will the momentum last? Opinions vary as Malwa notes in anexcerpt from his story.\nAI broadly refers to the simulation of human intelligence in machines programmed to think and act like humans. Popular applications for this technology have so far been limited to chatbots, self-driving cars, optimizing search in online marketplaces and image-generation software – but futuristic use cases envisionwholly autonomous cities,cyborg humankindandinterstellar travel.\nMuch of the recent surge in AI tokens emerged after the public launch of chatbot ChatGPT and image generation software DALL-E in mid-2022. Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recentlyraised $10 billionfrom Microsoft at a $29 billion valuation.\nSuch institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.\n"The growth opportunity around the AI and Web3 space combines early interest, potential and hype,” states Ravindra Kumar, founder of crypto wallet Frontier. “While it\'s true that there may be some hype surrounding AI intervention in the crypto space, we are seeing the emergence of innovative and compelling use cases.’\nAditya Khanduri, head of marketing at Biconomy, takes a milder approach: “I believe that the current AI trend is still pretty speculative, leading to a jump for tokens like OCEAN, ALI, AGIX. Some of the tokens with more buzz and followings have pumped and it\'s less about the actual tech behind it.”\n“This is because the current AI tokens and Web3 projects may not yet know what these decentralized AI tools look like. There\'s a lot of unanswered challenges and lots to be figured out,” Khanduri told CoinDesk in a recent chat.\nThe likes of Khanduri say token-based usage while scaling AI software is a hard problem to solve.\n“Say an AI tool gets to 250 million users. Then what will its infra look like? How will people use it? How will the data be trained? Where does the token fit in? Can you even have a way to reward people for their data if you used it to train your models?” he said.\nMeanwhile, some market watchers remain cautious about the AI token hype.\n“Once the market starts livening up a bit, all sorts of new trends come out of the woodwork. And they are not all as solid as they might look,” financial market consultant Valentina Drofa told CoinDesk.\n“There is a risk that this whole ‘new trend’ is going to end up in an empty hype, as there are many speculators that would seek to make use of short-term price pumps,” Drofa added, referring to the recent multifold gains put up by some tokens.\n“The industry at large will end up dealing with the long-term fallout and another hit to its image. Such cycles are becoming rather tiresome and sad to observe again and again,” she stated.\n8:45 a.m. HKT/SGT(00:45 UTC)Bank of England Monetary Policy Report Hearings\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia Monetary Policy Statement\n12:30 a.m. HKT/SGT(16:30 UTC)China Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Rise as Powell Talks ‘Disinflation’ Again; Crypto Donations for Turkey\nCrypto prices continued their cautious move upwards after Federal Reserve Chair Jerome Powell\'s comments on disinflation yesterday. Fidenza Macro blog author Geoffrey Chen shared his analysis. Plus, nonprofit organizations were leading an effort to raise millions of dollars in crypto to help victims of the major earthquake in Turkey. CoinDesk Türkiye Editor in Chief Serdar Turan weighed in. SPiCE VC managing partner and co-founder Tal Elyashiv and Kraken Head of Strategy Thomas Perfumo also joined the conversation.\nAI Token Search Traffic Spikes as Crypto Traders Seek Exposure:The trending AI tokens on CoinGecko showcase how artificial intelligence has a chokehold on the zeitgeist.\nMakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin:The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.\nCrypto Long & Short: Bitcoin\'s \'Golden Cross\' Explained:This much talked about technical indicator has value, yet doesn’t tell the whole story.\nRobinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang:The online brokerage firm is planning to buy most or all of the 55 million shares previously owned by holding company Emergent Fidelity Technologies.\nCraig Wright Loses Bitcoin Copyright Claim in UK Court:The self-proclaimed author of the Bitcoin white paper claims Bitcoin and Bitcoin Cash violate his intellectual property rights.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin spent another day near its most recent $23K support. LDO spikes.\nInsights:AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher
**Last 60 Days of Bitcoin's Closing Prices:**
[17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-09
**Financial & Commodity Data:**
- Gold Closing Price: $1866.20
- Crude Oil Closing Price: $78.06
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $437,513,121,600
- Hash Rate: 316895645.5609923
- Transaction Count: 369499.0
- Unique Addresses: 783722.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Good morning. Here’s what’s happening:
Prices:Bitcoin inches up but remains in its recent, narrow range; other major cryptos see green.
Insights:Crypto exchange tokens are responding more to news developments than what regulators might be contemplating.
CoinDesk Market Index (CMIP)
824.68
+8.1▲1.0%
Bitcoin (BTC)
$16,704
+96.2▲0.6%
Ethereum (ETH)
$1,216
+15.7▲1.3%
S&P 500 daily close
3,839.50
−9.8▼0.3%
Gold
$1,833
+13.0▲0.7%
Treasury Yield 10 Years
3.88%
▲0.0
BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET
Bitcoin Celebrates the New Year With Old Pricing
By James Rubin
New year. Old story.
As investors savored the waning hours of the extended New Year's holiday weekend, bitcoin plugged along in the same narrow range it occupied for the last 15 days of 2022.
The largest cryptocurrency by market capitalization was changing hands at about $16,700, up 0.6% over the past 24 hours amid light trading typical for the holiday season. BTC has been hovering between $16,400 and $17,000 since mid-December when fears about inflation and sharp recession rekindled.
Whether crypto prices rebound in 2023, and if so, when, is uncertain, although analysts seem unified in the belief that market misery won't exceed the torment of 2022 when crypto exchange giant FTX's November failure capped a year of industry shipwrecks.
"The crypto community won't be sad to see the back of 2022 and who can blame them?" quipped Craig Erlam, senior analyst at foreign exchange market maker Oanda, in a recent email. "Who knows what's to come in 2023 but at the very least, they'll be hoping to put the FTX scandal behind them and focus once more on innovation and adoption."
Yet Erlam also noted warily: "That may be a lot to ask in the short term, especially if other market factors aren't favourable. No doubt it will be another intriguing year for the space."
Ether followed BTC's Monday path to stick in its own two-week range between $1,150 and $1,230. The second largest crypto by market value was recently trading at about $1,215, a 1.3% gain from Sunday, same time. Other major cryptos spent the day largely in the green with XRP, the token of the XRP open source public blockchain, XRP Ledger, and MATIC, the token of layer 2 platform Polygon Network, rising more than 4% and 3%, respectively.
SOL, the native cryptocurrency of embattled blockchain platform Solana, continued a surge that began last week when Ethereum co-founder Vitalik Buterintweetedpositively about the protocol. SOL was recently up 13%, although at just above $11, it has lost 93% of its value from a year ago when it was trading over $176 – a result of its entanglement with the imploded Terra ecosystem and FTX.
TheCoinDesk Market Index(CDI), an index measuring cryptos' performance, recently jumped 1.5%.
Equity indexes closed their own year of distress fittingly with the Nasdaq, the S&P 500 and Dow Jones Industrial Average all falling slightly. The tech-heavy Nasdaq plummeted a whopping 33%, while the S&P, which has a robust technology component, plunged nearly 20% as markets flinched from the heavy body blows of macroeconomic uncertainty, socio-political unrest and rising prices.
Meanwhile, FTX ripples continued to widen with a co-founder of crypto exchange Gemini accusing Digital Currency Group CEO Barry Silbert of “bad faith stall tactics” as their respective companies tangle over a business disagreement precipitated by FTX’s multi-billion-dollar implosion late last year.
Cameron Winklevoss blasted Silbertin an open letter posted to Twitter, alleging crypto broker Genesis Global Capital and its parent company, DCG, owe Gemini’s clients $900 million. The letter alleges Gemini has awaited word on a repayment agreement for six weeks to no avail. DCG is also CoinDesk’s parent company.
Silbert responded, tweeting that DCG delivered to Genesis and Gemini’s advisers a proposal on Dec. 29, 2022, and has not had any response.
Looking ahead to the wider landscape, Oanda's Erlam wrote that much "now hangs on the economic data and how companies plan to adapt to a potentially impending recession."
"The data towards the back end of 2022 wasn't as promising as hoped and the communication from the Fed and others has remained more hawkish than investors would like," he wrote.
[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+13.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.8%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.9%", "DACS Sector": "Smart Contract Platform"}]
There are no losers in CoinDesk 20 today.
Exchange Tokens Don't Care What the SEC Might Do
By Sam Reynolds
FTX’sFTT exchange token is a security.
That’s the uncontested comment the U.S. Securities and Exchange Commission (SEC) made in its complaint against former Alameda Research executive Caroline Ellison in the last days of 2022.
Since then, many exchange tokens are up.CoinGecko data showsthat during the last week, OKX’s OKB token has risen a staggering 30%; BNB has posted 1.5% gains; and KuCoin’s KCS is up 1.7%. Huobi’s HT is down 4%, andCrypto.com’s Cronos has dropped 4.2%, although these are both pretty moderate for digital asset markets.
For years, the market has treated exchange tokens like a security by any other name.
Sure, executives at exchanges would be quick to tell you that these tokens have many characteristics that are unlike a traditional investment contract – namely utility, such as discounts for large holders – but the price of exchange tokens tends to follow the news. Indonesia’sTokocrypto exchange tokenrallied when it was leaked out that Binance was going to buy the exchange; Binance’s BNB token drops on bad news; FTX’s FTT fell precipitously in early November, going from $22.50 to $1.50 in a week, afterCoinDesk broke the fateful newsabout Alameda’s balance sheet.
"If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings," the SEC wrote in its December complaint. "The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token."
Case law favors SEC
All these claims the SEC is making in its complaint are going uncontested. They aren’t being tested in court in the usual adversarial fashion because Ellison is agreeing with all of them by virtue of her desire to admit guilt and settle.
And thus, now the SEC has case law on its side to go after the other half-dozen prominent exchange tokens on the market. Exchanges might say that this isn’t an issue because in prior cases of the SEC calling tokens a security,the defendants have argued that U.S. laws shouldn’t apply to themas they are by all accounts offshore, not specifically marketing to those residing stateside, and run by non-Americans.
But FTX was also offshore, and had measures present to block U.S. residents from opening accounts on the platform (instead directing them to FTX U.S.). Yet millions of Americans lost money on FTX, so this argument isn’t going to work.
But could it be that the market is already pricing in a hostile regulator?
“SEC Chair Gary Gensler has been emphatic about his views that generally crypto products should be regulated as securities,” Ross Feingold, special counsel at Taipei-based Titan Attorneys at Law, told CoinDesk. “Numerous recent enforcement actions by the SEC show its willingness to bring charges against crypto exchanges, those offering new crypto, and cryptocurrency spokespersons.”
Feingold thinks that for the SEC, the case is easy to make, given the criteria theHowey Testhas.
“One could simply swap out the name of the crypto product with the name of a company's shares or some other investment products that we usually think of as security; for the SEC it doesn't matter, as it is applying the traditional test,” Feingold said.
Foreign regulators actions?
One wildcard might be if other regulators worldwide follow suit and target exchange tokens, too. Regulators in most of Asia, for instance, have historically approached crypto with a light touch. Binance and FTX aren’t blocked off like they are in the U.S. But this could change.
In Taiwan, for instance, retail investorslost an estimated $500 million with the collapse of FTX. Indonesia, where crypto traders outnumber stock traders, isalready planning stricter regulation post-FTXwith its Financial Service Authority given a mandate to come up with a better regulatory framework to protect investors.
“An interesting aspect of the SEC's willingness (or eagerness) to treat crypto as a security is that it gives regulators elsewhere, including here in Asia, cover to simply follow the SEC's lead, rather than make a determination on their own whether crypto is a security or issuing crypto specific public offering or trading regulations,” Feingold said.
The market might have already priced in a hostile SEC, but let’s see if it has accounted for other regulators simply following the commission's lead.
Bitcoin Day:Bitcoin Day is the anniversary of the Genesis Block that marked the beginning of the Bitcoin blockchain in 2009.
9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin China Manufacturing PMI(Dec.)
In case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV:
Year in Review: The Crypto Stories That Shaped 2022
2022 was unlike any other year in crypto history. From the rapid demise of FTX, to the momentous Ethereum Merge, to the unraveling of TerraUSD, CoinDesk's Christie Harkin and Tracy Wang take a look back at what shaped the crypto markets in the last 12 months on "All About Bitcoin."
Gemini Co-Founder Accuses DCG’s Silbert of 'Bad Faith' Stalling in $900M Locked Funds Dispute:Silbert responded, saying his firm submitted a proposal...
- 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.
|
21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64
|
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:**
["BitKeep BitKeep is thrilled to announce the remarkable growth of Planet IX's transaction volume on the BitKeep NFT Market. NEW YORK CITY, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament to Bitkeep's commitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs. As of 9 February 2023, Planet IX's monthly transaction volume was $840K, with 77% generated from the BitKeep NFT market. BitKeep is proud to reveal that Planet IX's 3-month transaction volume has surpassed 1 million MATIC and boasts a market share of 79%. Additionally, Planet IX achieved a historical high of $42.3K in single-day transaction volume earlier this week. Planet IX is undoubtedly a rising star in both BitKeep NFT Market and the Polygon NFT market. Planet IX’s NFT transaction volume on BitKeep NFT Market is greater than that of the closest competitors OKX and OpenSea, by a factor of 120x and 4x respectively. Discover the most seamless NFT trading experience with BitKeep NFT Market! With 320,000 NFTs listed for sale, more than 51,000 monthly active users, and a total trading volume of $31.6 million since its launch in March 2022, BitKeep NFT Market is one of the largest NFT trading platforms on the BNB Chain and holds the second place on Polygon. BitKeep's expedient and low-cost transactions, user-friendly interface, and commitment to security make it the preferred choice for P2E game developers and players alike. Being the first NFT marketplace to allow the purchase of NFTs on the platform with tokens from any partnered blockchain, BitKeep NFT Market also boasts a bulk transfer function for users to easily transfer multiple NFTs instantaneously, with support for bulk listing and purchasing in the future. Story continues Paving the way for blockchain gaming and P2E community growth The growth of Planet IX on BitKeep is a testament to the platform's value for the P2E community. It encourages other game developers to join BitKeep in building the future of decentralized gaming. BitKeep's support for Planet IX and other P2E games reflects the DeFi wallet company’s dedication to blockchain gaming. As BitKeep continues to gain popularity and expand its user base, the company is poised to become a leader in the rapidly growing market for decentralized gaming and collectibles. About BitKeep BitKeep is a decentralized multichain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT marketplace, wallet function, swap services, DApp browser, launchpad, and daily column, which features regular insights into promising decentralized finance projects. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia. It is the top-rated wallet on Google Play globally, surpassing even MetaMask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana. BitKeep strongly emphasizes user security, incorporating DESM encryption for storing users’ private keys to ensure an additional layer of protection to safeguard user funds. Follow BitKeep on Twitter to stay updated on the latest developments, and let BitKeep be your premier gateway into the Web3 space. CONTACT: Romeo Kuok BitKeep romeo at bitkeep.com", "BitKeep is thrilled to announce the remarkable growth of Planet IX's transaction volume on the BitKeep NFT Market.\nNEW YORK CITY, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament toBitkeep'scommitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs.\nAs of 9 February 2023, Planet IX's monthly transaction volume was $840K, with 77% generated from the BitKeep NFT market.BitKeepis proud to reveal that Planet IX's 3-month transaction volume has surpassed 1 million MATIC and boasts a market share of 79%. Additionally, Planet IX achieved a historical high of $42.3K in single-day transaction volume earlier this week. Planet IX is undoubtedly a rising star in both BitKeep NFT Market and the Polygon NFT market.\nPlanet IX’s NFT transaction volume on BitKeep NFT Market is greater than that of the closest competitors OKX and OpenSea, by a factor of 120x and 4x respectively.\nDiscover the most seamless NFT trading experience with BitKeep NFT Market!\nWith 320,000 NFTs listed for sale, more than 51,000 monthly active users, and a total trading volume of $31.6 million since its launch in March 2022, BitKeep NFT Market is one of the largest NFT trading platforms on the BNB Chain and holds the second place on Polygon. BitKeep's expedient and low-cost transactions, user-friendly interface, and commitment to security make it the preferred choice for P2E game developers and players alike. Being the first NFT marketplace to allow the purchase of NFTs on the platform with tokens from any partnered blockchain, BitKeep NFT Market also boasts a bulk transfer function for users to easily transfer multiple NFTs instantaneously, with support for bulk listing and purchasing in the future.\nPaving the way for blockchain gaming and P2E community growth\nThe growth of Planet IX on BitKeep is a testament to the platform's value for the P2E community. It encourages other game developers to join BitKeep in building the future of decentralized gaming. BitKeep's support for Planet IX and other P2E games reflects the DeFi wallet company’s dedication to blockchain gaming. As BitKeep continues to gain popularity and expand its user base, the company is poised to become a leader in the rapidly growing market for decentralized gaming and collectibles.\nAbout BitKeep\nBitKeep is a decentralized multichain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT marketplace, wallet function, swap services, DApp browser, launchpad, and daily column, which features regular insights into promising decentralized finance projects. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia. It is the top-rated wallet on Google Play globally, surpassing even MetaMask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana.\nBitKeep strongly emphasizes user security, incorporating DESM encryption for storing users’ private keys to ensure an additional layer of protection to safeguard user funds.\nFollow BitKeep on Twitter to stay updated on the latest developments, and letBitKeepbe your premier gateway into the Web3 space.\nCONTACT: Romeo Kuok BitKeep romeo at bitkeep.com", "Buzz around Bitcoin-based NFTs —via the recently-launched Ordinals protocol—keeps growing by the day, with record-setting mints on Thursday and high-value sales over the past day . And one established Ethereum NFT collection is reaping the benefits of going multi-chain, seeing its prices surge after revealing Bitcoin -based counterparts. OnChain Monkey , a collection of 10,000 Ethereum NFT profile pictures (PFPs) minted in 2021, used Ordinals to “inscribe” all of its existing artwork on Bitcoin over the past day. Now the NFT holders on Ethereum can also say that their respective collectibles live on Bitcoin, as well. Prices for the Ethereum NFTs have almost tripled since the announcement, with the floor price—that is, the cheapest listed NFT on a marketplace—for the project jumping from 0.79 ETH at the start of the day (per NFT Price Floor ) to a peak of 1.75 ETH before settling to about 1.5 ETH (nearly $2,500) as of this writing. OnChainMonkey is the first 10K collection to be inscribed on Bitcoin via Ordinals! Own an ETH OCM Genesis = Owning a BTC OCM Genesis All on-chain on Bitcoin on Feb 8, 2023, and all on-chain on Ethereum on Sept 11, 2021! 🔥 🧵/8 pic.twitter.com/AMuUlERJZM — OnChainMonkey (@OnChainMonkey) February 9, 2023 According to data from CryptoSlam , the move has fueled a 12,200% increase in NFT trading volume for the Ethereum project over the past 24 hours compared to the previous span. The analytics platform reports about $1.1 million in sales over the past day for a project with lifetime secondary sales totaling almost $39 million. Metagood, the startup behind OnChain Monkey, said it put all 10,000 NFTs onto Bitcoin via the Ordinals protocol using a single transaction , much as it did for the original Ethereum collection back in 2021. Story continues The Hottest Bitcoin NFTs Right Now Are CryptoPunks Clones In a Twitter Spaces today, Metagood co-founder Danny Yang said that enabling trading was the next step for the team but suggested that other tooling needs to be created around Ordinals to facilitate that feature. He also noted that Metagood plans to build a bridge between Ethereum and Bitcoin to let NFT holders switch between the two versions. “They are the same on both chains,” an OnChain Monkey Discord moderator wrote earlier today. “Buy on ETH and you will have access to the BTC version when the tools catch up.” The project’s Discord server is filling up with users who claim to have purchased one of the Ethereum NFTs following the Bitcoin announcement and are asking for details on how it will work. OnChain Monkey is part of Metagood’s push to use Web3 initiatives to fund programs that bene
**Last 60 Days of Bitcoin's Closing Prices:**
[17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-10
**Financial & Commodity Data:**
- Gold Closing Price: $1862.80
- Crude Oil Closing Price: $79.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $420,847,716,112
- Hash Rate: 287553456.1571967
- Transaction Count: 300092.0
- Unique Addresses: 700869.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: EINDHOVEN, NETHERLANDS / ACCESSWIRE / December 21, 2022 / Syscoin, a decentralized and open-source project founded in 2014, has announced a long-term partnership with WEconomy, the largest Web3 incubator in Asia. The move marks a significant expansion milestone for the Syscoin ecosystem and adoption across Asia. Syscoin, Wednesday, December 21, 2022, Press release picture The newly founded WEconomy, currently consists of seventy startup projects and DAOs (Decentralized Autonomous Organizations) from across Asia, including China, Taiwan, and Vietnam. Its mission is to have 100 projects within its incubator and ready to deploy on time with the launch of Syscoin's Layer 2, named Rollux, in Q1 2023. Rollux is the first EVM-compatible Layer 2 rollup suite currently positioned to go live on mainnet. "We are pleased to welcome WEconomy into the fold and look forward to making our mark on Asia, We are on the verge of releasing Rollux, the first EVM-compatible Layer 2 complete with rollups and our proprietary Proof-of-Data Availability solution, set to be the first of its kind to launch on mainnet next year. This represents a major breakthrough in scalability that will usher in mass adoption as we realize the true Web3 experience unhindered by scaling ceilings in fee," noted Jagdeep Sidhu, Lead Core Developer & President of the Syscoin Foundation." WEconomy has already been utilizing Syscoin's NEVM [Layer 1] network and their Rollux testnet [Layer 2] to prepare its projects to be ready to go live once Rollux launches. It operates a self-sufficient DAO and continuously assesses the progress of its members for accountability. "WEconomy is a large collection of teams, most of whom are Web2 and eager to migrate to Web3. We recognize the technology of Syscoin is best prepared to help us make this transition thanks to their Ethereum-compatible Layer 2, which will launch before anyone else's. We thank the Syscoin team for all of their help and look forward to continuing to work together," said Kering, Head of WEconomy. Asia is a hotbed of Web3 innovation and home to the largest number of developers within the space. WEconomy establishes a strategic foothold in this important market. According to market research and strategy consulting company Emergen Research, the Asia Pacific market is expected to experience the fastest revenue growth through 2030. About Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform. Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true scalability via Optimistic, ZK-Rollups, Cross-chain ZK-Rollups and other Layer 2 technologies. Story continues Website | Discord | Telegram | News | Github | YouTube | Facebook | Twitter | Instagram WEconomy is a Syscoin Web3 incubator for Asia. They are investor-backed and utilizing a DAO model to fund the projects accepted into their ecosystem. Developed for Syscoin's Layer 2 Rollux, they currently host seventy projects and are aiming to reach 100 by the time of Rollux reaching mainnet in Q1 2023. Website | Twitter | Telegram | Discord Media Contact Dylan Stewart Email - [email protected] Wang Guo Email - [email protected] SOURCE: Syscoin View source version on accesswire.com: https://www.accesswire.com/732730/Syscoin-Signs-Major-Deal-to-Boost-Web3-Development-in-Asia 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.
|
21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15
|
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 PayBito chief voiced his concern towards the role of key contributors maligning the existing monetary system with political influence, and calls for a change in practice. PALO ALTO, Calif. , Feb. 11, 2023 /PRNewswire-PRWeb/ -- The start of 2023 has investors and enterprises apprehensive in matters pertaining to the global economy. Institutions around the world reported heavy losses owing to fed rate hikes, inflation, supply chain disruptions, the European energy crisis and more. HashCash Consultants and PayBito CEO Raj Chowdhury highlighted the negative impact of institutional arbitrage, and proposes a conscious switch towards frameworks immune from human tampering. The act of arbitrage is controversial, with powerful global corporations often shifting decisions in their favor with the help of strong political influence. They hold considerable sway in yielding desirable outcomes and bypassing market, societal and environmental regulations, both directly and discretely. The HashCash chief identifies the fallacies present in the present monetary mechanism, stating , "The current monetary system is fraught with political influence and institutional arbitrage. This system created economic crises, financial exclusion and distributed more wealth to the wealthy. Let\'s put our faith in a mathematical framework free of human vice." The framework refers to cryptocurrencies like Bitcoin and its underlying blockchain technology. Rising as one of the most disruptive technologies of the present era with a seemingly endless scope of applications, blockchain has been adopted heavily by virtually all major players in the BFSI sector. The response has, however, not been the same for digital assets, with detractors citing recent exchange crashes, stablecoin fallouts as reasons for not banking upon crypto. On a side note, a majority of developing or already developed nations are either developing or conducting research on Central Bank Digital Currency(CBDC). The PayBito CEO has said earlier that regulation , not prohibition or heavy taxation is what\'s necessary for the crypto ecosystem. Story continues A recent World Economic Forum meet was held at Davos with the objective of reinforcing collaboration across a fragmented world. It has been found that several corporations transfer and conduct a notable portion of their most profitable value-addition activities offshore, including European financial centers, to avoid taxation, rules and responsibilities. Corporate arbitrage thus creates significant economic consequences, even for developing nations. Meanwhile, institutional arbitrages, while highly profitable, were also partially responsible for the 2008-09 global financial crisis, where institutional investors allocated capital in complex investment strategies and financial instruments. PayBito , a US-based crypto exchange developed and maintained by HashCash Consultants, has been a frontrunner in integrated crypto-forex technology, having deployed solutions in over 26 countries. The digital assets marketplace helmed by Chowdhury won global recognition as a top-provider of crypto exchange technology. PayBito has been the first in the world to integrate ChatGPT AI in its trading architecture and started a white label crypto broker program to democratize brokerage services at nominal monthly subscription. The extent of corporate influence in monetary decision-making has increased worldwide, and this has led to fragmentation and a lapse in trust. It is vital to have a robust framework that promotes financial transparency and inclusion, rather than alienating everyone in disproportionate wealth distribution, without human intervention. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to Economic Times, Business World, CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book \'The Dark Secret of the Silicon Valley\', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE PayBito', 'The PayBito chief voiced his concern towards the role of key contributors maligning the existing monetary system with political influence, and calls for a change in practice. PALO ALTO, Calif. , Feb. 11, 2023 /PRNewswire-PRWeb/ -- The start of 2023 has investors and enterprises apprehensive in matters pertaining to the global economy. Institutions around the world reported heavy losses owing to fed rate hikes, inflation, supply chain disruptions, the European energy crisis and more. HashCash Consultants and PayBito CEO Raj Chowdhury highlighted the negative impact of institutional arbitrage, and proposes a conscious switch towards frameworks immune from human tampering. The act of arbitrage is controversial, with powerful global corporations often shifting decisions in their favor with the help of strong political influence. They hold considerable sway in yielding desirable outcomes and bypassing market, societal and environmental regulations, both directly and discretely. The HashCash chief identifies the fallacies present in the present monetary mechanism, stating , "The current monetary system is fraught with political influence and institutional arbitrage. This system created economic crises, financial exclusion and distributed more wealth to the wealthy. Let\'s put our faith in a mathematical framework free of human vice." The framework refers to cryptocurrencies like Bitcoin and its underlying blockchain technology. Rising as one of the most disruptive technologies of the present era with a seemingly endless scope of applications, blockchain has been adopted heavily by virtually all major players in the BFSI sector. The response has, however, not been the same for digital assets, with detractors citing recent exchange crashes, stablecoin fallouts as reasons for not banking upon crypto. On a side note, a majority of developing or already developed nations are either developing or conducting research on Central Bank Digital Currency(CBDC). The PayBito CEO has said earlier that regulation , not prohibition or heavy taxation is what\'s necessary for the crypto ecosystem. Story continues A recent World Economic Forum meet was held at Davos with the objective of reinforcing collaboration across a fragmented world. It has been found that several corporations transfer and conduct a notable portion of their most profitable value-addition activities offshore, including European financial centers, to avoid taxation, rules and responsibilities. Corporate arbitrage thus creates significant economic consequences, even for developing nations. Meanwhile, institutional arbitrages, while highly profitable, were also partially responsible for the 2008-09 global financial crisis, where institutional investors allocated capital in complex investment strategies and financial instruments. PayBito , a US-based crypto exchange developed and maintained by HashCash Consultants, has been a frontrunner in integrated crypto-forex technology, having deployed solutions in over 26 countries. The digital assets marketplace helmed by Chowdhury won global recognition as a top-provider of crypto exchange technology. PayBito has been the first in the world to integrate ChatGPT AI in its trading architecture and started a white label crypto broker program to democratize brokerage services at nominal monthly subscription. The extent of corporate influence in monetary decision-making has increased worldwide, and this has led to fragmentation and a lapse in trust. It is vital to have a robust framework that promotes financial transparency and inclusion, rather than alienating everyone in disproportionate wealth distribution, without human intervention. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to Economic Times, Business World, CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book \'The Dark Secret of the Silicon Valley\', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE PayBito', "Photo: JeremyWord (Shutterstock) You\x92ve surely seen one...a big, orange eyesore shoved awkwardly into the corner of your local supermarket or perched ominously near the neighborhood gas station. Should you be foolish enough to approach, the eyesore will encourage you to dig into your wallet and fork over cold hard cash in exchange for make-believe money from the internet... It\x92s...*shudders*...the dreaded crypto ATM. A bizarre artifact of the current cultural moment, these machines have flooded U.S. cities over the past several years, but boom times for the little bitcoin dispensers may soon be at an end. One of their biggest U.S. operators is broke. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space Apple's 12 Most Embarrassing Product Failures Cash Cloud\x97which s
**Last 60 Days of Bitcoin's Closing Prices:**
[17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-11
**Financial & Commodity Data:**
- Gold Closing Price: $1862.80
- Crude Oil Closing Price: $79.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $418,373,567,762
- Hash Rate: 291465748.0777028
- Transaction Count: 280319.0
- Unique Addresses: 654726.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: As per the report by Fortune Business Insights, the global cryptocurrency market size is projected to reach USD 1902.5 Billion in 2028, at a CAGR of 11.1% during the forecast period, 2021-2028 Pune, India, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The global cryptocurrency market size was valued at USD 826.6 million in 2020. It is projected to rise from USD 910.3 Million in 2021 to USD 1902.5 Million by 2028 at a CAGR of 11.1% during the forecast period. Fortune Business Insights™ has published these insights in its latest research report titled, “Cryptocurrency Market Forecast, 2023-2028.” Key Industry Development: Visa Inc. aims to introduce crypto as a direct payment. With this key initiative, the company aims to accept cryptocurrencies as a payment method for the finance industry. Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cryptocurrency-market-100149 Report Scope & Segmentation Report Coverage Details Forecast Period 2021 to 2028 Forecast Period 2021 to 2028 CAGR 11.1% 2028 Value Projection USD 1902.5 Million Base Year 2020 Cryptocurrency Market Size in 2020 USD 826.6 Million Historical Data for 2017 to 2019 No. of Pages 140 Segments covered Component, Type, End-Use and Geography Key Takeaways: Increasing use of distributed ledger technologies and venture capital funding is driving the market Financial disaster in small economies is driving the global demand for cryptocurrency. By type, Bitcoin has the largest market share worldwide Other emerging cryptocurrencies include Ethereum, Tether, Binance Coin, Dogecoin, etc Cryptocurrency Market size in North America was USD 273 Million in 2020 The demand for crypto has increased due to rising investments in venture capital. Additionally, the increasing popularity of digital assets such as bitcoin and litecoin is likely to accelerate the market in upcoming years. Furthermore, it has been seen that the digital currency is also used in the integration of blockchain technology to get decentralization and control efficient transactions. Thus, advantages such as these are also encouraging people to invest in crypto. For instance, In October 2018, Qtum Chain Foundation made a partnership with Amazon Web Services (AWS) China to use blockchain systems on the AWS cloud. With this collaboration, AWS will be able to help its users in using Amazon Machine Images (AMI) to develop and publish smart contracts easily and efficiently. Story continues Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/cryptocurrency-market-100149 Market Segmentation: By component, the market is bifurcated into hardware, and software. By type, it is divided into bitcoin, ether, litecoin, ripple, ether classic, and others. By end-use, it is divided into trading, E-commerce and retail, peer-to-peer payment, and remittance. Based on end use, the trading segment held the market share of 42.8% in 2020, because it focuses on crypto solutions that are used for trading such as Pionex, Cryptohopper, Bitsgap, Coinrule, and others. Lastly, in terms of geography, the market is divided into North America, Europe, Asia Pacific, the Middle East & Africa and Latin America. Driving Factors Focus on Mitigating Financial Crisis and Regional Instability Drives the Demand for Virtual Currency In recent times, financial disaster is one of the primary issues that occurs in the conventional banking system. This financial instability disrupts the economy by lowering the value of money. For instance, ICICI bank of India, in the year 2008, confronted the Lehman brother crisis, which hugely impacted the nation’s economy. But with using bitcoins, and other cryptocurrency, such situations of economic downfall can be avoided. Therefore, Cryptocurrencies are emerging as alternative options in the regions with unstable economical structure, and this has been a major driving factor for the cryptocurrency market growth. Regional Insights North America to Dominate Backed by Presence of Prominent Players North America is expected to remain at the forefront and hold the largest position in the market during the forecast period. This is because in most parts of the region bitcoins have become a medium of exchange for tax purposes rather than the actual currency. Although these are not legally regulated by the government, still many of the countries in the region are focused on using digital currencies. The region’s market stood at USD 273.0 million in 2020. Asia Pacific is expected to showcase significant cryptocurrency market share in upcoming years, owing to several technological developments and acceptance of virtual currency for some platforms within Japan and Taiwan. Additionally, the strategic collaborations, partnerships by key players are also fueling the regional market. For instance, in January 2020, Z Corporation, Inc. and TaoTao, Inc. collaborated with the financial service agency to widen the crypto market by confirming regulatory compliance in the Japanese market. Competitive Landscape Key Players to Focus on Introduction of New Services to Strengthen the Market Growth The market is consolidated by major companies striving to maintain their position by focusing on new launches, collaborations & partnerships and acquisitions. Such strategies taken up by key players are expected to strengthen its market prospects. Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cryptocurrency-market-100149 List of Key Players in Cryptocurrency Market: Bitmain Technologies Ltd. (Beijing, China) Xilinx, Inc. (California, U.S.) Intel Corporation (California, United States) Advanced Micro Devices, Inc. (California, U.S.) Ripple Labs, Inc. (California,U.S.) Bitfury Group Limited. (Amsterdam,U.S.) Ledger SAS (Paris, France) Nvidia Corporation (California,U.S.) BitGo (California,U.S.) Xapo (Zürich, Switzerland) Major Table of Contents: Global Cryptocurrency Key Players Market Share Insights and Analysis, 2020 Key Market Insights and Strategic Recommendations Companies Profiled Overview Key Management Headquarters etc. Offerings/Business Segments Key Details Employee Size Key Financials Past and Current Revenue Gross Margin Geographical Share Business Segment Share Recent Developments Annexure / Appendix Global Cryptocurrency Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028 By Component (Value) Hardware FPGA ASIC GPU Others (Paper Wallet, Web Wallet, Etc.) Software Mining Software Exchanges Software Wallet Payment Others (Vaults, Encryption, Etc.) By Type (Value) Bitcoin Ether Litecoin Ripple Ether Classic Others (Dogecoin, Moneor, Dash, Etc.) By End-Use (Value) Trading E-commerce and Retail Peer-to-Peer Payment Remittance By Region (Value) North America Europe Asia Pacific Middle East & Africa Latin America North America Cryptocurrency Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028 By Component (Value) Hardware FPGA ASIC GPU Others (Paper Wallet, Web Wallet, Etc.) Software Mining Software Exchanges Software Wallet Payment Others (Vaults, Encryption, Etc.) By Type (Value) Bitcoin Ether Litecoin Ripple Ether Classic Others (Dogecoin, Moneor, Dash, Etc.) By End-Use (Value) Trading E-commerce and Retail Peer-to-Peer Payment Remittance TOC Continued…! Quick Buy – Cryptocurrency Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100149 FAQs How big is the Cryptocurrency Market ? Cryptocurrency market size was USD 826.6 Million in 2020. How fast is the cryptocurrency market growing? The cryptocurrency market will exhibit a CAGR of 11.1% during the forecast period, 2021-2028 Related Reports: Blockchain Market Size, Share, Revenue Forecast and Opportunities Blockchain in BFSI Market Overview, Industry Share and Forecast Blockchain in Retail Market Size, Share, Opportunities & Analysis Quantum Cryptography Market Analysis, Global Size and Industry Share Forecast LED Lighting Market Size, Share, Revenue Forecast and Opportunities About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: [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.
|
21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35
|
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. 12, 2023 /PRNewswire/ --\xa0Dombey Electrics Co. ( www.dombbit.com ), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. Dombey Electrics Co. Logo In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine more than one coin at a time. And sequel to the aforementioned, they introduced the first set of miners with extremely low power consumption into the Hong Kong Market and have sold over 2,000 to coin miners all over the world. About Dombey Electric Incorporated A group of electricians and experts started Dombey Electrics Co. in 2010, and it is now one of the top provider of electrical solutions. They are extremely proud of their capacity to create unusual electrical goods for both indoor and outdoor use. Additionally, less dangerous activities have been added to the use of electrical appliances as a result of several technological advancements. Recent Developments In October 2022 , they launched the Dompre (Dombey Previa) , which is a type of machine that can mine both Ethereum and BTC at the same time, while still saving you energy. It has double sources of power, which means it can be charged both by the sun and electricity. They are made of Photovoltaic cells, which are more solid and long-lasting. The warranty on it is five years. Shipping to all parts of the world is free. See products here www.dombbit.com/products In addition, they provide solar power systems called D200 along with the any mining equipment, to aid mining, exclusively for cryptocurrency miners to prevent concerns with accumulated electricity bills. This implies that when you purchase a cryptocurrency miner, you also receive D200 to help with mining. They have an instruction booklet (Manual) and are simple to operate. The COO, James Eskola , stated in "the Street" that he believed many customers of their D200 ended up using it for camping rather than mining, in part, because they could not afford utility fees. Story continues Items can be instantly returned and replaced within the designated term in the event of delivery problems, breakage, damages, or in the event that the machine is not treated properly by delivery companies. Please view more details about the terms of return here for more information www.dombbit.com/faqs/ PR Manager James Eskola [email protected] (+358)41 4001018 Logo - https://mma.prnewswire.com/media/1995671/Dombey_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/dombey-launches-a-revolutionary-mining-gig-301744701.html SOURCE Dombey Electric Co', 'LONDON , Feb. 12, 2023 /PRNewswire/ --\xa0Dombey Electrics Co. ( www.dombbit.com ), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. Dombey Electrics Co. Logo In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine more than one coin at a time. And sequel to the aforementioned, they introduced the first set of miners with extremely low power consumption into the Hong Kong Market and have sold over 2,000 to coin miners all over the world. About Dombey Electric Incorporated A group of electricians and experts started Dombey Electrics Co. in 2010, and it is now one of the top provider of electrical solutions. They are extremely proud of their capacity to create unusual electrical goods for both indoor and outdoor use. Additionally, less dangerous activities have been added to the use of electrical appliances as a result of several technological advancements. Recent Developments In October 2022 , they launched the Dompre (Dombey Previa) , which is a type of machine that can mine both Ethereum and BTC at the same time, while still saving you energy. It has double sources of power, which means it can be charged both by the sun and electricity. They are made of Photovoltaic cells, which are more solid and long-lasting. The warranty on it is five years. Shipping to all parts of the world is free. See products here www.dombbit.com/products In addition, they provide solar power systems called D200 along with the any mining equipment, to aid mining, exclusively for cryptocurrency miners to prevent concerns with accumulated electricity bills. This implies that when you purchase a cryptocurrency miner, you also receive D200 to help with mining. They have an instruction booklet (Manual) and are simple to operate. The COO, James Eskola , stated in "the Street" that he believed many customers of their D200 ended up using it for camping rather than mining, in part, because they could not afford utility fees. Story continues Items can be instantly returned and replaced within the designated term in the event of delivery problems, breakage, damages, or in the event that the machine is not treated properly by delivery companies. Please view more details about the terms of return here for more information www.dombbit.com/faqs/ PR Manager James Eskola [email protected] (+358)41 4001018 Logo - https://mma.prnewswire.com/media/1995671/Dombey_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/dombey-launches-a-revolutionary-mining-gig-301744701.html SOURCE Dombey Electric Co', 'If you want to retire a millionaire, invest early in millionaire-maker stocks. Easier said than done, right? If there was a reliable formula for pinpointing which stocks would return 100 to 1,000 times your money, we’d all be rich. Unfortunately, that “holy grail” doesn’t exist. But we can help point you in the direction of stocks that could eventually be your next millionaire-maker stocks.\xa0In fact, here are seven you may want to consider.\n[{"RIOT": "LAC", "Riot Platforms": "Lithium Americas", "$5.64": "$25.75"}, {"RIOT": "SLDP", "Riot Platforms": "Solid Power", "$5.64": "$3.36"}, {"RIOT": "DETNF", "Riot Platforms": "Aker BP", "$5.64": "$29.66"}, {"RIOT": "PSNY", "Riot Platforms": "Polestar Automotive", "$5.64": "$5.73"}, {"RIOT": "PINS", "Riot Platforms": "Pinterest", "$5.64": "$24.78"}, {"RIOT": "RIG", "Riot Platforms": "Transocean", "$5.64": "$7.34"}]\nSource: Yev_1234 / Shutterstock\nThere finally seems to be some revival among cryptocurrencies. If recovery sustains, there are potential multibagger crypto stocks to buy.Riot Platforms(NASDAQ:RIOT) looks undervalued at current levels of $5.51.\nTheBitcoin(BTC-USD) mining company looks attractive for several reasons. As of Jan. 2023, Riot reported production of 740 Bitcoin. On a year-on-year basis, production increased by 62%. Further, Riotreported a hashing capacity of 9.3EH/s. The companyexpects to boost capacityto 12.5EH/s in the first half of the year. With sustained growth in capacity, digital assets in the company’s balance sheet will swell.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIt’s also worth noting that for the first nine months of 2022, Riot reported gross margin of 65.4%. With Bitcoin gradually trending higher, the low-cost miner is positioned to benefit. Assuming a bullish outlook for cryptocurrencies, Riot is positioned to deliver healthy cash flows. With zero debt and $255 million in cash, Riot is also positioned to invest aggressively in the next leg of expansion.\nSource: Wirestock Creators / Shutterstock.com\nWith expectation ofacute shortage of lithiumin the coming decade, the metal is an attractive investment theme. Lithium companies are positioned to benefit from higher demand and better price realization.Lithium Americas(NYSE:LAC) is among the best millionaire-maker stocks to buy. At a current market valuation of $3.5 billion, the stock looks significantly undervalued. To put things into perspective, the company’sThacker Pass projectin the U.S. has an after tax-net present value of $4.95 billion.\nRecently, the company signed an agreement withGeneral Motors(NYSE:GM) for joint development of the U.S. asset. The latter will be infusing $650 million in equity in the company. Funding commercialization of the project is unlikely to be a challenge.\nLithium Americas also has assets in Argentina. The company has decided tosplit international assetsinto a separate entity (Lithium International). This is likely to result in value unlocking and will make project financing easier. Once the assets are commercialized, Lithium Americas will be a cash flow machine.\nSource: T. Schneider / Shutterstock.com\nSolid-state batteries are being considered as the batteries of the future for electric vehicles. Of course, these batteries are still under development, but it’s the right time to pick potential winners for multibagger returns.\nSolid Power(NASDAQ:SLDP) is among the attractive players to consider. With several positive developments in the recent past, SLDP stock has been trending higher. I expect this momentum to sustain.\xa0In Jan. 2023, Solid Power wasawarded $5.6 millionfrom the U.S. Department of Energy for the development of solid-state cells. The government funding underscores the importance of solid-state cell development.\nIn December 2022, Solid Power announced that it haslicensed the design and manufacturing processtoBMW(OTCMKTS:BMWYY). This will allow parallel research and development activity and can potentially accelerate the commercialization.\xa0Solid Power reportedcash and equivalents of $507.6 millionas of Q3 2022. With the backing of BMW andFord(NYSE:F), funding growth is unlikely to be a challenge.\nSource: zhengzaishuru / Shutterstock.com\nAker BP(OTCMKTS:DETNF) is a hidden gem from the oil and gas sector. DETNF stock has multibagger returns potential and offers an attractive dividend yield of 7.1%.As an overview, Aker BP is focused
**Last 60 Days of Bitcoin's Closing Prices:**
[17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-12
**Financial & Commodity Data:**
- Gold Closing Price: $1862.80
- Crude Oil Closing Price: $79.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,286,414,450
- Hash Rate: 313943411.7760057
- Transaction Count: 259642.0
- Unique Addresses: 617837.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Whenever a discussion of penny stocks to buy materializes, chances are, you are better off staying away than staying not-away. Heres the deal. Im not entirely sure if anybody quantified the average risk of this sector, considering how many such opportunities exist. Suffice to say, though, that most of these trades end up losing money . Its the nature of the beast. That said, every once in a while, you may come across penny stocks to buy that align with a few positive attributes. These could include an undervalued fiscal profile or relevant business or even sentiment based on technical analysis indicators. To be 100% clear, speculative assets commanding these characteristics dont provide any guarantees. They just might improve your odds slightly maybe. To further guide the speculative portion of your portfolio toward the best course possible (relatively speaking of course), I have one major ground rule: none of these market ideas trade over the counter (yet). So, if youre ready to roll the dice on penny stocks to buy for January, read on. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ABEV Ambev $2.64 FSI Flexible Solutions $3.18 JRSH Jerash Holdings $4.01 WIT Wipro $4.59 UGP Ultrapar $2.27 BTG B2Gold $3.79 WAFU Wah Fu Education $2.43 Ambev (ABEV) Pennies in a jar on top of a background of blurred pennies. Penny stocks. Source: John Brueske / Shutterstock To be upfront from the get-go, Ambev (NYSE: ABEV ) only ranks among penny stocks to buy because of its current share price. At $2.61 at time of writing, ABEV appears to be a wildly speculative asset. However, you must look at the bigger picture. Commanding a market capitalization of slightly over $41 billion, this Brazilian brewery actually represents a large-cap enterprise. However, Im grateful that the per-share price allows me to put ABEV on this list of penny stocks to buy. At least, we can start this discussion with a reasonable market idea. For starters, ABEV outperformed countless securities in 2022. During the trailing year, Ambev shares lost less than 1% of equity value. In contrast, the U.S. equities benchmark S&P 500 fell 18% during the same period. Story continues Currently, no analyst covers ABEV, which isnt completely surprising given its non-U.S. background. However, hedge fund sentiment for Ambev pings as strong according to TipRanks. In part, thats probably because since the fourth quarter of 2020, the company mostly beat its per-share profitability target . Flexible Solutions (FSI) A concept image of a penny sitting on a stock chart Source: Billion Photos / Shutterstock.com Based in Victoria, British Columbia, Flexible Solutions (NYSEAMERICAN: FSI ) develops, manufactures and markets specialty chemicals which slow the evaporation of water. At time of writing, Flexible Solutions commands a market capitalization of $39 million, a more emblematic valuation for penny stocks to buy. In the trailing year, FSI lost nearly 18% of equity value. If that didnt scare you off, perhaps you might have the stomach for wagering on Flexible Solutions. To be fair, the company enjoys surprisingly robust financial metrics. For instance, Simplywall.st reports that FSIs price-earnings ratio of 9.5 times sits below the U.S. market PE (14.3 times). Also, in terms of profitability, earnings grew 21.7% annually over the past five years. Adding onto that note, the investment resource projects that earnings may grow 36.73% per year. Thats not necessarily a figure thats pulled out of somewhere dark and cavernous. Per TipRanks data, in the last three quarters, Flexible Solutions conspicuously beat its per-share earnings estimates . Thus, its one of the penny stocks to buy or at least worth considering. Jerash (JRSH) Stacks of pennies representing penny stocks. Source: John Brueske / Shutterstock.com A relatively unknown enterprise for many investors, Jerash (NASDAQ: JRSH ) manufactures and exports custom, ready-made sport and outerwear from Jordan. Interestingly, Jerash underlines the manufacturing of the products that most people would know such as New Balance . Unfortunately, consumer sentiment fell badly in 2022 because of skyrocketing inflation. In the trailing year, JRSH shed over 40% of market value. For conservative investors, that might be the end of the discussion. And to be sure, weakness in the consumer economy particularly record-breaking credit card debt might keep shoppers on the sidelines. Nevertheless, if you want to go contrarian, JRSH may be an intriguing idea among penny stocks to buy. Objectively, Wall Street prices shares at 0.35-times sales . In contrast, the underlying industry median is 0.83 times. Notably, of the one analyst that covers Jerash, it enjoys a moderate buy rating . The price target stands at $8, representing upside potential of 104.6% at time of writing. Also, Jerash beat earnings-per-share targets on several occasions in the past two years. Wipro (WIT) Image of a penny held between two fingers with a white indoor background Source: Shutterstock An Indian multinational corporation, Wipro (NYSE: WIT ) provides information technology, consulting and business process services. Per its public profile, the companys capabilities cover cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics and other technology consulting services. Currently, Wipro features a value of $26.2 billion, another big cap with a price tag ($4.69) emblematic of penny stocks to buy. Still, its massive footprint failed to spare the enterprise from volatility. In the trailing year, WIT hemorrhaged almost 51% of market value. Still, those with the mindset of owning penny stocks to buy might want to roll the dice here. Ive said this before but fundamentally, Wipro entices because of its exposure to Indias tech market. Notably, Indias IT market contributes a little over 9% to its national GDP . Financially, prospective investors may also appreciate the underlying discount. At the moment, Wall Street prices WIT at 15.6-times forward earnings . For comparison, the industry median forward PE pings at nearly 24 times. Ultrapar (UGP) Penny Stocks: A penny sitting on a chart with two trend lines on top Source: InvestorPlace unless otherwise noted Headquartered in Sao Paolo, Brazil, Ultrapar (NYSE: UGP ) focuses mainly on the energy and chemicals market. Through its various subsidiaries, Ultrapar operates businesses involved in fuel distribution, specialty chemical production, bulk liquid storage and also pharmacies. Perhaps not surprisingly because of its wide and diverse footprint, UGP lost only 4.3% in the trailing year. As a larger-sized enterprise, investors enjoy more room to work with than its $2.24 price tag would imply. For one thing, UGP enjoys decent (though not great) stability in the balance sheet. In particular, Ultrapars Altman Z-Score stands at just under 5, reflecting low bankruptcy risk. In terms of value, Gurufocus.com rates UGP as significantly undervalued based on its proprietary calculations. Objectively, Ultrapar offers a discount based on its price-sales ratio of 0.09 times. In contrast, the sector median value stands at a lofty 1.05 times. Finally, the company put on a decent showing since Q4 2020, mostly beating EPS estimates . Only two glaring bum notes appear on Q1 and Q2 of 2021. Thus, UGP may be worth a shot among penny stocks to buy. B2Gold (BTG) 4 Hot Penny Stocks That Could See Outsized Gains Source: Shutterstock A Canadian mining firm, B2Gold (NYSEAMERICAN: BTG ) owns and operates gold mines in Mali, Namibia and the Philippines. Currently, the Federal Reserves efforts to unwind the monetary excesses of the coronavirus pandemic theoretically poses deflationary pressures on B2Gold. However, the market now smiles on BTG. In the trailing year, shares gained over 2%. Granted, its a tricky situation. The unexpectedly robust November jobs report suggests that the Fed may tighten money supply more aggressively. But that raises the specter of global recession risks , which then would bolster the fear trade angle. While penny stocks to buy always present risks, both analysts and the smart money love BTG. Per TipRanks, B2Gold commands a consensus view of strong buy . This breaks down to six individual buy ratings and one hold. Regarding the smart money (i.e. hedge funds), these institutional investors have been bidding up shares since Q3 2021. According to TipRanks, hedge fund sentiment pings as very positive . Wah Fu Education (WAFU) a stack of pennies and a calculator lay stop a graph of market movements Source: Shutterstock One of the less-appreciated penny stocks to buy listed on a major exchange, Wah Fu Education (NASDAQ: WAFU ) is a China-based holding company principally engaged in the provision of online education services and technology research. It also specializes in development services. While relevant, vagaries of Chinas economy based on its governments draconian zero-Covid policy hurt Chinese securities. As evidence, WAFU itself gave up over 35% of equity value in the trailing year. As a less-discussed enterprise (no analyst covers WAFU), the underlying investment carries significant risks, even compared to other penny stocks to buy. However, the company does enjoy some redeeming qualities. Perhaps most notably, Wah Fu commands a solid balance sheet, particularly with a cash-to-debt ratio of nearly 83 times . In comparison, the sector median value sits at a lowly 1.29 times. As well, its return on asset is 4.17%, ranking above nearly 61% of the competition. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that ...
- Reddit Posts (Sample): [['u/Odlavso', 'Ordinals chaos reaches a breaking point in bitcoin community - Bitcoin to fork', 243, '2023-02-12 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/', " The CEO of bitcoin tweeted out a couple of minutes ago that bitcoin will be forking! \n\nhttps://preview.redd.it/lxaa0gargnha1.png?width=596&format=png&auto=webp&v=enabled&s=dc8c320d98331a9c19517ff51f577cfe49281499\n\n \n\nBoth groups could not decide who would keep the name of Bitcoin so a compromised was reached.\n\n* Bitcoin classic will now be the same old boring bitcoin that you have come to love, it will be money and only money.\n* New Bitcoin will allow Ordinals and other future advancements, possibly added meme coins\n\nUsers are now having to chose which one they will support, the community is in shambles.\n\n​\n\nhttps://preview.redd.it/v5ftf6kzgnha1.jpg?width=500&format=pjpg&auto=webp&v=enabled&s=8139dfc565327e8b2542a119f91f86e9cc8d3bbd\n\n Two subreddits have already been set up and look almost identical, at the moment both have almost all the same members but as they chose a side we should start to see one gain more popularity than the other. \n\n​\n\n[Bitcoin classic](https://preview.redd.it/hj1a7w91hnha1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=34fdd5e4b437dc3902656ff82a007cd626850d1b)\n\n[New Bitcoin](https://preview.redd.it/pishb9a1hnha1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=3c0cca839290ec6f9b47293b992d24693ab80bb0)\n\n The DOGE millionaire got in on the tweet action stating he would create New Doge \n\nhttps://preview.redd.it/b316fkgsgnha1.png?width=596&format=png&auto=webp&v=enabled&s=59d33d4c3d3f7cd75ab9fee848a5ebe62cf251f9\n\n Bitcoin cash also sent out a tweet to it's hundreds of followers to remind everybody they are still around. \n\nhttps://preview.redd.it/jog4s8stgnha1.png?width=596&format=png&auto=webp&v=enabled&s=192164f58c409e800d046dd72be9eb8832b181d1\n\n \n\n2022 was the worst bear market in crypto history and 2023 is starting off with a bitcoin Fork. Crypto winter is far from over.\n\nWhich will you choose?", 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/', '11025of', [['u/JustDownInTheMines', 55, '2023-02-12 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86iq4w/', 'Lmao that Bitcoin Cash section is pure gold.\n\nThanks for another one of these posts u/Odlavso', '11025of'], ['u/Odlavso', 21, '2023-02-12 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86iw84/', 'I wanted to make sure to include them, people are always forgetting they are still around', '11025of'], ['u/LaPietrah', 53, '2023-02-12 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86jly3/', "I'm on team New Bitcoin, however I think they should've gone with a more catchy name, something like BitcoinSafeMoonCumRocket", '11025of'], ['u/nusk0', 156, '2023-02-12 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86kqex/', "Hi, I just went to the bitcoin website to get reimbursed and there's customer service, this industry has really gone to shit. \nHow can you treat client like that? I'm shopping at Ethereum next time", '11025of'], ['u/tronbob', 46, '2023-02-12 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86lwuy/', 'I thought I was on Buttcoin for a sec', '11025of'], ['u/Mr_Bob_Ferguson', 10, '2023-02-12 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86oedz/', 'I’m not so sure about this “New Bitcoin” stuff.\n\nBitcoin having increased use-cases is concerning to me.\n\nHorses haven’t changed for 1000 years and people still ride them.\n\nIf it ain’t broke, don’t fix it.', '11025of'], ['u/Smiling_Jack_', 28, '2023-02-12 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86owe3/', "OP's funny post aside, \n\n\nI am loving the chaos in the maxi community right now.\n\nBest reason to make a bowl of popcorn since SegWit.", '11025of'], ['u/meeleen223', 11, '2023-02-12 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86p4vi/', "Idk about that I've seen some forked black and white stripped horses", '11025of'], ['u/Mr_Bob_Ferguson', 12, '2023-02-12 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86pd5g/', 'And look at what a failure they were. Limited largely to Africa and yet to reach mainstream adoption.\n\nDon’t let Bitcoin become a striped horse.', '11025of'], ['u/meeleen223', 39, '2023-02-12 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86pdkn/', "I'm gonna talk to the bitcoin manager, this is not how customers should be treated", '11025of'], ['u/JoeYo743', 15, '2023-02-12 02:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86qhmb/', 'Honestly why not go with BitcoinCash? It already got a bigger blocksize that can hold these memes no?', '11025of'], ['u/TheTrueBlueTJ', 15, '2023-02-12 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86vrug/', "I'm gonna demand a refund for my losses!", '11025of'], ['u/Plastic-Club-5497', 16, '2023-02-12 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86wqtg/', 'Easy there bitkaren', '11025of'], ['u/Alfador8', 21, '2023-02-12 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j873ar3/', "I'm a maxi who lives in the maxi echo chamber and I'm not seeing the chaos you're referring to. Most of us seem to be of the opinion that it's an open network and people can do what they want, and that market forces/apathy will eventually push this use-case out (or at least to the margins). I understand that your narrative is more entertaining though", '11025of'], ['u/Qwahzi', 10, '2023-02-12 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j879h36/', 'The problem is that block space & bandwidth are limited resources, and allowing non-monetary transactions could increase operating costs, crowd out value transfer/hard money usecases due to fees, and possibly impact long-term game theory/consensus', '11025of'], ['u/Jetjones', 14, '2023-02-12 05:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87dqb0/', 'Bitcoin sub is deleting new posts about ordinals.\nBitcoin magazine deleted a comment I made about them on a youtube video. No they were not over the top, just raising concern. The debate is being censored, in my experience.', '11025of'], ['u/Jetjones', 12, '2023-02-12 05:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87ee7y/', 'Taproot update accidentally enabled "NFTs" on Bitcoin. You could always post data on it but now actual 4mb images are being dropped on the chain through Ordinals. This is going against the ideology that most have been preaching for years - that Bitcoin’s base layer should stay lean and strong. Apparently Taproot devs said somewhere that there would be a limit on witness data size used by ordinals but I guess not as blocks are being filled by some.\n\nIt’s debatable if this will be bad for bitcoin in the long term but raises fees, decentralization and security concerns. Once thing is certain, average block size almost doubled since the beginning of the fad and the mempool is through the roof. It will for sure kill low fee transactions. More fees is good for miners long term, but useless data on main chain diminishes decentralization. I am all for NFTs on Bitcoin but it should have been built on a second layer, not by bloating the main chain.', '11025of'], ['u/tofubeanz420', 12, '2023-02-12 07:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87pdcm/', 'Welcome to r/Bitcoin the most censored crypto subteddit', '11025of'], ['u/deathbyfish13', 12, '2023-02-12 07:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87qakq/', "We're operating in a grey area between the two subreddits lol", '11025of'], ['u/SquatAngry', 18, '2023-02-12 09:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87x73y/', 'OP is the founder of the Buttcoin coin so it makes sense.', '11025of'], ['u/1moreApe', 12, '2023-02-12 11:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j8877st/', 'Bitcoin manager here. Dm me your seed phrase so I can help resolve your problems. \n\nI am also the manager of Ethereum and Solana. All your questions will be answered but private key is needed.\n\nDisclaimer : This is 128.69% not a scam, trust me bruh!!', '11025of']]], ['u/Dark181', 'Finger crossed', 64, '2023-02-12 03:59', 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/', "I have converted all my cryptos ETH, BTC, MATIC, SOL to SHIB let's see what happens lol 💀", 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/', '1105e97', [['u/OutTop', 10, '2023-02-12 04:05', 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/j872gan/', 'Same lol', '1105e97'], ['u/Kryptonian_Investor', 11, '2023-02-12 05:47', 'https://www.reddit.com/r/SHIBArm...
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.
|
21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['In this article, we shall be looking at the 25 best countries for solo female travelers. To skip our detailed analysis of the global tourism sector in 2023, go directly and see10\xa0Best Countries for Solo Female Travelers.\nAs recession fears materialize in 2023,Bloombergnotes that international tourists have boosted spending in popular tourist localities across the globe in 2022 and were one of the key contributors in driving economic recovery. According to the report, 2022 saw more than 900 million international tourists, almost 70% of pre-pandemic levels. However, as costs surge amid increasing global economic uncertainty, the United National World Tourism Organization notes that the demand for domestic and regional travelling is projected to remain reasonably strong and is expected to drive the sector\'s overall recovery from the pandemic.\nTravel Trends Affecting The Industry in 2023: An Overview\nAccording to a report byBloomberg, the plummeting macroeconomic projections are expected to influence travel patterns in 2023. Although the Middle East and Europe are recovering considerably fast and are projected to meet pre-pandemic visitor volumes in 2023, areportby the United Nations World Tourism Organization expects financial constraints to cause tourists seeking more value for money and travelling only close to home this year. Furthermore, according to areporton consumer travel attitudes by the European Travel Commission, price, proximity, and value for money seem to be the overriding decision factors when it comes to international tourism in 2023. Even in the United States, a recentsentiment surveyby Longwoods International demonstrated that 56% of respondents cited airfare as a major deciding factor. More than 30% of respondents have claimed that economic concerns will influence and determine their travel decisions, a 7% increase in such sentiment since August 2022. Countries which can adapt their tourism sectors to meet these new trends are expected to see a faster growth pace in 2023.\nIn a conversation withMcKinsey\'sNina Wittkamp, here is what Axel Hefer, CEO and Managing Director of Trivago, had to say about the short and long term outlook on global tourism in 2022/23:\n"I’m less optimistic about long-haul, intercontinental travel, even in the long term. The opening up of the transatlantic routes can lead to significant demand for international tourism, but travel across geographies is more complicated because of the need to implement safety measures that are in sync between the departing country and the country of destination. For instance, if one region is investing heavily in hygiene and safety measures but there is still a quarantine restriction on a return from another region, that becomes prohibitive."\nGlobally, tourism is expected to continue on its strong-recovery path, both domestically and internationally. International travel is expected to surge by almost 40% in 2023, as compared to an 80% growth rate in 2022. However, areportby Euromonitor claims that the decline in growth pace doesn\'t necessarily signify a decline a trips but simply a difference in growth, owing to inflationary pressures. In this article, we shall take a look at the 25 Best Countries for Solo Female Travelers.\nPhoto byAndrew RuizonUnsplash\nOur Methodology\nFor this article, we looked at theWorld Economic Forum\'s Travel and Tourism Index of 2021, which ranks countries based on a variety of factors that facilitate the sustainability and resilient development of the Travel and Tourism sector within that respective locality. In order to ascertain the best tourist destinations, we only shortlisted countries which ranked in the upper two quintiles of the report. We then cross-referenced the resultant list withGeorgetown Institute\'s Women Peace and Security Index for 2021/22and averaged out the rankings to derive an average score for each country. For example, since France ranks 4th in the Travel and Tourism Index and at 15th in the GIWPS index, its average score for the purpose of this article is 9.5. After replicating the process for every country, we chose the top 25 countries based on their average score and ranked them from lowest to highest.\nWEF TTI Ranking: 29GIWPS Ranking: 20Average Score: 24.5\nAlthough relatively unknown, tourism in the Baltic nation of Estonia is an integral component of the country\'s economy, and makes up for nearly 7.8% of its GDP. Considered one of the safest countries to visit in the world according to a report byOECD, the number of tourist arrivals in Estonia, both domestic and international have been exponentially increasing since 2006.\nPopular destinations in Estonia include Tartu, Parnu, Saaremaa, and the national capital of Tallinn. Old Town in Tallinn is a designated UNESCO World Heritage Site. In 2020, the Government of Estonia kicked off the Tourism Program 2021-24 to further incentivise growth in the tourism sector by investing more than 140 million euros in the travel industry.\nWEF TTI Ranking: 25GIWPS Ranking: 24Average Score: 24.5\nA tourist behemoth of the Middle East, the UAE\'s travel industry employs more than 605,000 people and is projected to account for nearly 12.4% of the oil-rich country\'s total GDP by 2027. From the futuristic metropolitan of Dubai to the scenic landscapes of Ras Al Khaimah, the United Arab Emirates attracts a diverse variety of tourists every year. The Government of the UAE have revealed plans to further \'Emiratize\' the industry which will help the country overcome macroeconomic challenges in 2023.\nWEF TTI Ranking: 15GIWPS Ranking: 33Average Score: 24\nSince the liberalization policies of international travel in the 1980s, the Republic of Korea has slowly been emerging as a hub of tourist attention in Asia. One of the most visited countries in the world, the majority of Korea\'s tourism industry is supported by domestic tourism. Seoul is the primary tourist destination, with other major attractions including Busan, the Seorak-san national park, the historic city of Gyeongju and the subtropical Jeju Island. The recent popularity of Korean popular culture, also known as the \'Korean Wave\', has boosted the growth of the industry in the country.\nWEF TTI Ranking: 22GIWPS Ranking: 22Average Score: 22\nBelgium is considered one of the go-to destinations in Europe, attracting a record 3.4 million tourists in 2022. The tourism industry constituted more than 20 billion euros to the country\'s overall GDP in 2022. Whether it be the country\'s world famous chocolates and diamonds, or a UNESCO World Heritage site in Bruges, Belgium remains a top choice for travelers across the world.\nWEF TTI Ranking: 24GIWPS Ranking: 19Average Score: 21.5\nIreland is home to a diverse plethora of archeological and cultural heritage, attracting millions of tourists every year. Famous sites to visit are the Rock of Cashel, Killarney National Park, and the Cliffs of Moher.\nWEF TTI Ranking: 27GIWPS Ranking: 13Average Score: 20\nTourism is an integral component of New Zealand\'s economy, constituting more than 6% of the country\'s GDP as of 2022. Although it is one of the most expensive localities in the world, New Zealand also has with one of the lowest crime rates and is considered exceptionally safe and secure for solo women travelers.\nWEF TTI Ranking: 10GIWPS Ranking: 28Average Score: 19\nWith more than 56 million tourist arrivals in 2022, Italy is the fifth most visited destination in the world. Considered the hub of modern European culture and tradition, Italy houses the great relics of ancient European glory. From the Colosseum and the Forum to churches and chapels of the Vatican, Italy appeases the young and the old alike.\nWEF TTI Ranking: 1GIWPS Ranking: 35Average Score: 18\nFrom scenic landscapes and cultural sites to modern theme parks and tourist retreats, Japan offers a plethora of activities for tourists. Tourism is a massive industry in Japan, with the country attracting more than 3.8 million visitors in 2022. The country is fast emerging as one of the central hubs of Asian culture.\nWEF TTI Ranking: 16GIWPS Ranking: 18Average Score: 17\nPortugal is a relatively small country, making it easier and cost-effective to travel and explore. From the cosmopolitan city of Lisbon to traditional villages, tourists tend to have a diverse range of travel options. The tourism sector accounted for a massive 17%\xa0 of the country\'s GDP (including indirect effects) pre-pandemic, making Portugal one of five southern European nations most dependant on the sector.\nWEF TTI Ranking: 7GIWPS Ranking: 24Average Score: 15.5\nWhether one is looking to relax on the country\'s sparkling beaches, spend time with friendly wildlife, or catch a show at the Sydney Opera House, Australia is a go-to destination for tourists across the globe. The tourism sector employs more than five percent of the country\'s workforce and makes up for more than 8.2% of Australia\'s export earnings.\nWEF TTI Ranking: 20GIWPS Ranking: 7Average Score: 13.5\nAlthough tourism is a relatively small part of the Swedish economy, the industry has been picking up favor amongst tourists of late. The country is known for its beautiful palaces, ancient towns, anow-capped landscapes and the famous Ice Hotel.\nWEF TTI Ranking: 23GIWPS Ranking: 3Average Score: 13\nTourism in Iceland has grown considerably in economic significance in the past decade, becoming one of the central pillars of the Icelandic economy. The industry contributes more than 39% to the total export revenue of the country, and although numbers haven\'t quite returned to pre-pandemic levels, tourism in Iceland is recording one of the fastest growth rates in Northern Europe.\nWEF TTI Ranking: 21GIWPS Ranking: 5Average Score: 13\nConsidered one of the best destinations in Europe for a city break, Luxembourg is widely known for the Old Quarter of Luxembourg City, the National Museum of History and Art, the Bock Casements and much more.\nWEF TTI Rank
**Last 60 Days of Bitcoin's Closing Prices:**
[17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-13
**Financial & Commodity Data:**
- Gold Closing Price: $1851.90
- Crude Oil Closing Price: $80.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,033,056,088
- Hash Rate: 303650131.9290037
- Transaction Count: 299329.0
- Unique Addresses: 666916.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • A unit of Genesis Global says a trader known as "Bitcoin Jesus" has yet to settle all his crypto options trades.
• GGC International's claim was part of a January 23 filing in New York State Supreme Court.
• Genesis filed for bankruptcy this month after being impacted by the bankruptcies of FTX and Three Arrows.
GGC International, a branch ofGenesis Global, alleged that veteran trader Roger Ver, also know as "Bitcoin Jesus," has yet to settle some of his cryptocurrency options trades, according to January 23 court filings first cited byCoinDesk.
The claims were noted in documents with the New York State Supreme Court in Manhattan shortly after Genesis' chapter 11 bankruptcy filing earlier this month.
The Genesis subsidiary is a British Virgin Islands company that offers spot trading and derivatives for digital assets, and is owned by Genesis Bermuda Holdco Limited, the report noted. That's one of the names included in Genesis' bankruptcy filing.
Court documents show GCG International seeks "money damages for defendant's failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022, in an amount to be determined at trial but no less than $20.9 million."
So-called Bitcoin Jesus was an early advocate for the world's most popular token, buthas also been a polarizing figurewithin the crypto and blockchain communities.
Meanwhile, crypto lender Genesis had been facing issues long before the recent collapse of FTX, asInsiderpreviously reported. Months before Sam Bankman-Fried's exchange imploded, Genesis was impacted by the fall of hedge fund Three Arrows Capital. A wave of executive departures ensued later in the year, and insiders say they felt like they were in the dark regarding the stability of the firm.
Here's what Derar Islim, interim CEO of Genesis, said in a January 19 statement:
"While we have made significant progress refining our business plans to remedy liquidity issues caused by the recent extraordinary challenges in our industry, including the default of Three Arrows Capital and the bankruptcy of FTX, an in-court restructuring presents the most effective avenue through which to preserve assets and create the best possible outcome for all Genesis stakeholders."
Read the original article onBusiness Insider...
- 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.
|
22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49
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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 pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data fromDune.\nLaunched last month,Ordinalsis the latest project aiming to bring NFTs into the Bitcoin ecosystem.Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch ofStacks.\nWhat distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token.\nDevelopers have inscribed JPEGs, audio files, videos, and evenvideo gamesto test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinalswebsiteand Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network.\nBitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles.\n“Ordinals have been live for a few months now, but it’s only really a week old in terms of mass adoption,” Satoshibles developer Brian Laughlan toldDecrypton Discord. “It’s going to take a while before we see general wallet support.” Launched in 2021,Satoshiblesis the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks.\nAs Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos,Bitcoin minersare raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone.\nUnsurprisingly, clones of popular NFT projects likeCryptoPunksand Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data fromDune.\nLaunched last month,Ordinalsis the latest project aiming to bring NFTs into the Bitcoin ecosystem.Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch ofStacks.\nWhat distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token.\nDevelopers have inscribed JPEGs, audio files, videos, and evenvideo gamesto test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinalswebsiteand Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network.\nBitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles.\n“Ordinals have been live for a few months now, but it’s only really a week old in terms of mass adoption,” Satoshibles developer Brian Laughlan toldDecrypton Discord. “It’s going to take a while before we see general wallet support.” Launched in 2021,Satoshiblesis the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks.\nAs Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos,Bitcoin minersare raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone.\nUnsurprisingly, clones of popular NFT projects likeCryptoPunksand Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Despite pushback from Bitcoin purists, Ordinals\x97the NFT-like project on the Bitcoin blockchain\x97shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data from Dune . Launched last month, Ordinals is the latest project aiming to bring NFTs into the Bitcoin ecosystem. Counterparty , launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch of Stacks . What distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token. Developers have inscribed JPEGs, audio files, videos, and even video games to test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinals website and Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network. Bitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles. \x93Ordinals have been live for a few months now, but it\x92s only really a week old in terms of mass adoption,\x94 Satoshibles developer Brian Laughlan told Decrypt on Discord. \x93It\x92s going to take a while before we see general wallet support.\x94 Launched in 2021, Satoshibles is the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks. Many Bitcoiners, no matter what they say, are scrambling to mint a pre 100k inscription. Hilarious how people have 2 faces. Y\x92all would all be served better to just maintain 1 face and be honest. It\x92s a better life. \x97 ck (going to Bitcoin 2023) (@ck_SNARKs) February 13, 2023 As Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos, Bitcoin miners are raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone. Story continues Unsurprisingly, clones of popular NFT projects like CryptoPunks and Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:This year will continue to be a challenge for crypto, but it\'s possible that bitcoin will hit $25,000, says Ryan Grace, Tastycrypto\'s head of digital assets .\nInsights:In a news analysis, CoinDesk markets reporter Sam Reynolds explains why Asia is a more likely global hub for the evolution of digital assets.\nCoinDesk Market Index (CMI)\n1,029\n−2.5▼0.2%\nBitcoin (BTC)\n$21,776\n+22.3▲0.1%\nEthereum (ETH)\n$1,505\n−7.2▼0.5%\nS&P 500\n4,137.29\n+46.8▲1.1%\nGold\n$1,866\n+3.4▲0.2%\nNikkei 225\n27,427.32\n−243.7▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBNB Down on Regulatory Concerns While Bitcoin, Ether Flat\nBinance is getting lots of love from regulators this Valentines’ Day (Tuesday, UTC), sending BNB down 6.5% while bitcoin and ether remain flat.\nRegulators in the United States are closely eyeing crypto these days, and Binance’s BUSD stablecoin is their latest target. The Securities and Exchange Commission (SEC) is set to launch enforcement action against Paxos, the issuer of BUSD, as it deems the stablecoin a security. Paxos says that itwill vigorously defend itself, and the issue is going to court.\nTradersaren’t reacting well, with withdrawals from Binance surging, according to on-chain data from Nansen.\n"If this is a Binance issue, we see further kind of regulatory scrutiny being imposed by the SEC, you do have that headline risk, and I think that\'s certainly what\'s weighing on crypto markets,” Tastycrypto Head of Digital Assets Ryan Grace told CoinDesk TV.\nBut Grace added: "I believe that the macro kind of economic backdrop is still the primary driver here. It\'s Fed policy. In addition to some of the SEC headlines, we have CPI again on Tuesday expected to come down a little bit. But you\'re starting to see in the markets a bit of a concern that not so much even a soft landing, but that the Fed isn\'t going to land here. The economy is gonna run hot, and ultimately you\'re going to see higher interest rates."\nGrace says it\'s possible for bitcoin to end the year above $25,000, but in the immediate future it’s still a difficult market.\n“You’re gonna see a lot more volatility, a lot more chop before we get there,” he said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+0.1%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.0%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}]\nA Regulatory Cloud Is Forming Over the US\nThe U.S. Securities and Exchange Commission’s attack on crypto has continued for a second week. Just as Asia got to work on Monday,the Wall Street Journal had a bombshell: The SEC was going after Binance-branded stablecoin BUSD.\nGoing after BUSD might seem like a strange tactic to some observers. While the stablecoin wears Binance’s branding, it\'s issued by Paxos and regulated by the New York Department of Financial Services. As opposed to Tether,which fought in court to keep what’s backing USDT a secret, BUSD is the right way to do
**Last 60 Days of Bitcoin's Closing Prices:**
[16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-14
**Financial & Commodity Data:**
- Gold Closing Price: $1854.00
- Crude Oil Closing Price: $79.06
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $419,773,498,175
- Hash Rate: 299757181.5196575
- Transaction Count: 302653.0
- Unique Addresses: 675701.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Trading activity increased strongly across the board in January, but derivatives volume grew faster than spot markets, according to data from CryptoCompare. Derivatives volume in January was up 76.1% from December to $2.04 trillion, the largest percentage increase since January 2021 when volume rose 114%. Derivatives trading now represents 70.3% of the entire crypto market, up from 68% in December, according to CryptoCompare data. The large trading activity increase came alongside big gains for the world’s largest cryptocurrencies by market capitalization, with bitcoin ( BTC ) and ether ( ETH ) up 40% and 32%, respectively, in January. “This suggests that price increases were driven by derivative market speculation rather than spot market accumulation,” said CryptoCompare in its report. (CryptoCompare) With $1.26 trillion in volume, Binance continued as the largest derivatives exchange in January, followed by Bybit which had a 115% increase to $301 billion (the only integrated derivative exchange with triple-digit, month-on-month growth). Bybit recorded its highest-ever market share in derivative markets at 14.6% in January. Though not keeping up with derivatives, spot markets also witnessed large volume gains in January, with CryptoCompare’s AA- or A-graded exchanges posting a 67% jump in trading activity. Binance, Coinbase and Kraken were the top exchanges in terms of spot volume....
- Reddit Posts (Sample): [['u/iconicfuzzles', 'question about btc transfers', 12, '2023-02-14 01:08', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/', "So my boyfriend sent me about 3k in bitcoin this morning (which he purchased right before he sent to me) and it has only been plummeting since, so i've made no profit since he sent it to me. I was wondering if i sell it right now, given it has decreased in value, will i have to pay taxes on it? no right? cause i haven't gained any profit and nor has he cuz he just purchased that amount this morning and it has since decreased in value. please help! i want to sell because this money is for personal use and i don't have western union, so this was the only way to send me money. i am scared that if i sell it, i'll have to pay a ton of taxes in the future on it for selling. thanks!", 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/', '111oeoz', [['u/Ezzmon', 12, '2023-02-14 01:51', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/j8fzv5q/', "By plummeting, do you mean staying basically the same as the last 3 weeks? Here's a tip; hold onto it. At some point, and yes for the unfamiliar it may seem like a long time, the price will skyrocket relative to it's current value.", '111oeoz'], ['u/MostBoringStan', 10, '2023-02-14 02:40', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/j8g66ug/', 'BTC is down about 0.07% in the past 24 hours. Not quite plummeting. If he bought it at the peak in the last 24 hours, it would be down 0.94%, so still far from a plummet.\n\nBut to answer your question, no, there would be no taxes to pay on a loss.', '111oeoz']]], ['u/Doe6', 'After 5 years of being a loyal customer to Coinbase only to get screwed over. Done with them.', 11, '2023-02-14 01:40', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/', 'I urge EVERY Coinbase user to cancel and get their money out ASAP! I am currently having an issue with these fools. I have been using Coinbase since November 2017, haven\'t had a SINGLE issue until now. I convinced my father to buy a Bitcoin on January 20th, 2022. He didn\'t want to open a Coinbase account, so he just wrote me a check of $20,000. I deposit this money and the funds are available the next day. The next day, I purchase Bitcoin on my Coinbase account. Now, since 20,000 is a large amount, Chase needs to send a fraud alert to the account holder. My father hates phones, doesn\'t use them so everything is connected to my mother\'s phone. She barely speaks English, she\'s foreign. So she received the Chase Fraud Alert text and clicked "No" she thought it was some scam. She told my father, my father went to the bank and resolved it. Mind you, the 20,000 is already in Coinbase. So Monday, January 23rd, I get an email from Coinbase saying there was some suspicious activity. They\'re locking my account, I cannot make purchases and the money I deposited cannot be withdrawn for an entire month. They extended the time to withdraw funds for me as well. It is now Febuary 13th and I still cannot make purchases or withdraw from my Coinbase account. My money is just stuck in there. I\'ve contacted Coinbase several times, the agents are just worthless bots. I called them, they act like they are working hard and are urgently working on your case. They keep giving the same bot message that it can take up to 14 days, it\'s been way more than that. When is it acceptable to reach out to an attorney and sort this out? This is crazy. Case #14461019, 14362437,14363575,14470533. They keep giving new case numbers. I will call in again tomorrow and likely receive another.\n\n​\n\nEdit: First time I chatted with a Coinbase agent, they said up to a MAXIMUM of 6 days. 2nd time I talked to an agent they said up to 14 days, then I explained my first encounter, then switched it to another MAXIMUM of 6 days. The third time I spoke with an agent they said up to 14 days, they keep kicking it down the road. Is this acceptable?', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/', '111p44i', [['u/Began2L8inlife', 14, '2023-02-14 03:12', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/j8gacee/', "From my understanding you shouldn't keep opening new cases with them as it slows down the response to your original case number. May not be CB but rather your Chase Bank's fraud alert. It sounds like, and I mean no offense whatsoever, you should step in more to assist your father who hates and doesn't use phones and your mother who doesn't speak English well.\n\nHope it gets resolved soon for you. Good luck!!!", '111p44i'], ['u/pob125', 12, '2023-02-14 08:20', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/j8h6g0k/', 'Your bank flagged it so coinbase had to flag it.coinbase not at fault here but rather the user.', '111p44i']]], ['u/[deleted]', 'This is BEFORE inflation surge in recent years 🔥', 108, '2023-02-14 02:21', 'https://www.reddit.com/r/economy/comments/111pzu3/this_is_before_inflation_surge_in_recent_years/', '\nMy takeaway: \nThe important shit (healthcare, tuition, even housing but to a lower degree) is skyrocketing, the necessities have been pretty level/stable, the bullshit (tvs,software,video games) are so cheap it’s almost like they want us to distract ourself in the magic light box and ignore the fact that we are getting price gouged. I could go on a whole rant but I’ll save that for now but that’s the gist of how I read this.\n\nI’d be totally cool with this thread turning into a discussion of why healthcare and/or college tuition has gotten so expensive - unrelated sidenote I thought was interesting - new cars have been relatively flat; that matches my experience at least pre-inflation eta that started in ‘21 so I believe it but just wonder why something like a car can predictable stay same price relatively while housing is increasing by 50+% (probably even more now this was when the economy was doing “well”..) I know those are two totally different things but both involve complex supply chain and “manufacturing” obstacles/problems so the main difference is the nature of the buyers market but I’ve already typed too much for this post\n\nMy goal for this post:\n-get other perspectives on what this data means\n-get other perspectives on (indirectly) related topics \n-aggregate source links to more recent versions of this same graph or similar (BLS was source on mine)\n-?\n\nI doubt anyone will read this but at the very least I’m saving the pic on reddits servers until i can save it on my main storage drive later 🕵️\u200d♂️👍\n\n*🔥 doesn’t mean the god kind of “lit” in the post title, this is of genuine concern to me (even if I’m not necessarily majorly affected by it; not yet at least) \n\nTLDR- \nIf you are interested in historical/current trends especially related to price changes and inflation:\n\nCheck the infographic, comment thoughts or updated links to similar date from reputable sources (please don’t just post a screenshot without a source somewhere attached to the comment) - OR provide insight on if you think this will began to improve at all in the near future under any major party leadership? (Republican rhetoric seems to be common sense good for economy, but as we saw under trump the modern R’s are divided on what fiscal conservatism or fiscal responsibility means (still can’t believe a trump era bill sent checks to everyone in America .. I can understand relief bills for those who got laid off or hours cut but no reason everyone I know (well over 50% were gainfully employed) should just get $1000+ checks. I cashed it don’t get me wrong lol but I felt like I didn’t deserve that financial aid and at a time when our future financial situation in US is a [messs](https://usdebtclock.org) it really was inexcusable. Again those who needed relief should have gotten some checks but it was really an economic stimulus check framed as relief for struggling Americans *eyeroll*', 'https://i.redd.it/cxokhl3kk3ia1.jpg', '111pzu3', [['u/whodo-i-thinkiam', 18, '2023-02-14 03:30', 'https://www.reddit.com/r/economy/comments/111pzu3/this_is_before_inflation_surge_in_recent_years/j8gcs7o/', "Inelastic goods inflate much more than elastic goods, because some things are much easier to live without than others. Living without a TV or a smart phone isn't nearly as difficult as living without shelter or some necessary medicine. If you're selling a medication that someone needs to stay alive, they'll likely pay whatever you're charging, if they're able.", '111pzu3']]], ['u/liveaskings', 'Where do you see the Market Cap reaching in 10 years?', 23, '2023-02-14 02:56', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/', 'As the title says, Where do you see the Market Cap reaching in 10 years? \n\nAfter this last bull run, we saw a lot of leading cryptocurrencies exploded in 2021, causing the global crypto market cap to hit a new record high.\n\nFrom what I could find and according to data from TradingPlatforms.com, the combined value of all crypto reached $2.43 trillion on November 14th when BTC hit $65,649. \n\nCurrent market cap has us at a $1.049 trillion. \n\nWhere do you see us reaching in the next decade? \n\nI have always heard people compare BTC with the market cap of gold, gold currently sits at a $12.289 trillion. Do you think that is achievable? \n\nLet me know your thoughts!', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/', '111qps4', [['u/Odlavso', 15, '2023-02-14 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/j8g8ma2/', 'US stock market marketcap is 40 tr...
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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24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13
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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:**
['In a Tuesday Senate Banking Committee hearing, members of Congress called for further regulation to protect investors and the U.S. financial system from failures related to the cryptocurrency industry. In opening remarks, Committee Chair Sen. Sherrod Brown (D-OH) lambasted industry firms and asked for the Committee to find common ground in order to pass cohesive legislation for crypto. "These crypto catastrophes have exposed what many of us already knew," Brown said. "Digital assets, cryptocurrencies, stablecoins, investment tokens are speculative products run by reckless companies ... that put Americans\' hard earned money at risk." Crypto\'s collapse last year put regulators and other industry firms on edge. Now, these parties are increasingly at odds. A wave of actions from U.S. regulators in recent weeks has signaled that state and federal agencies are ramping up enforcement efforts. Already in 2023, the Securities and Exchange Commission has levied four different charges against crypto firms. Industry insiders, on the other hand, repeatedly have argued that U.S. regulatory jurisdiction over cryptocurrencies and other digital assets remains murky, advocating a preference to be overseen by the Commodities and Futures Trading Commission (CFTC). In the last week, both Paxos and Coinbase have said they will defend their businesses in court against the SEC, if needed. Republican members of the Committee, Sens. Tim Scott (R-SC) and Thom Tillis (R-NC), placed blame on the SEC itself. Scott said the agency failed to take "meaningful preemptive action" before crypto\'s unwinding through the second half of last year. "If they have the tools they need. Were they just asleep at the wheel? ... Why aren\'t they here to tell us what they need? We\'d be happy to have chairman Gensler testify sooner, much sooner than later," Scott said. Senator Tim Scott, questions Treasury Secretary Janet Yellen during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “The Financial Stability Oversight Council Annual Report to Congress,” in Dirksen Senate Office Building in Washington, D.C.,U.S., May 10, 2022. Tom Williams/Pool via REUTERS (POOL New / reuters) Sen. Elizabeth Warren (D-MA) also drove home the illicit use of crypto, pointing to the more than $20 billion in illicit flows moved through the crypto market last yea r. Story continues She took particular issue with decentralized finance, or DeFi, offerings, which are often more complicated to regulate than centralized firms. "They want a giant loophole written into the law so they can launder money whenever a drug lord or a terrorist pays them to do so," Warren said. "The rules should be simple. The same kind of transaction, same kind of risk needs the same kind of rules" Warren said, calling for more robust anti-money laundering requirements. Warren plans to reintroduce a bill with Sen. Roger Marshall (R-KS) to crack down on crypto money laundering. \' The status quo is simply untenable\' Lee Reiners, a policy director at the Duke Financial Economics Center testifying before the Committee said before congress that crypto platforms need to segregate customer and firm assets. He also said banking regulators need further guidance to prevent any potential financial contagion amongst crypto firms from spreading into the banking system. Federal agencies first set the tempo in Washington for crypto this year when, on Jan. 3, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency issued a joint statement warning of the risks assumed by banks that touch crypto activities. "Banking agencies have broad legal authority to prohibit banks from engaging in any activity that can\'t be conducted in a safe and sound manner," said Reiners, arguing that regulators can provide further guidance of which crypto activities banks should and shouldn\'t be able to do. A proponent for restricting banking system access for crypto firms, Reiners also underlined the legal dilemma with doing so. "As long as crypto is legal, you know, then these firms are entitled to banking services. So I think the challenge is where do you draw the line?" he added. "Whatever congress decides to do, the status quo is simply untenable," he added. Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app for Apple or Android Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and YouTube', 'In a Tuesday Senate Banking Committee hearing, members of Congress called for further regulation to protect investors and the U.S. financial system from failures related to the cryptocurrency industry.\nIn opening remarks, Committee Chair Sen. Sherrod Brown (D-OH) lambasted industry firms and asked for the Committee to find common ground in order to pass cohesive legislation for crypto.\n"These crypto catastrophes have exposed what many of us already knew," Brown said. "Digital assets, cryptocurrencies, stablecoins, investment tokens are speculative products run by reckless companies ... that put Americans\' hard earned money at risk."\nCrypto\'s collapse last year put regulators and other industry firms on edge. Now, these parties are increasingly at odds.\nA wave ofactions from U.S. regulatorsin recent weeks has signaled that state and federal agencies are ramping up enforcement efforts. Already in 2023, the Securities and Exchange Commission has levied four different charges against crypto firms.\nIndustry insiders, on the other hand, repeatedly have argued that U.S. regulatory jurisdiction over cryptocurrencies and other digital assets remains murky, advocating a preference to be overseen by the Commodities and Futures Trading Commission (CFTC).\nIn the last week, bothPaxosandCoinbasehave said they will defend their businesses in court against the SEC, if needed.\nRepublican members of the Committee, Sens. Tim Scott (R-SC) and Thom Tillis (R-NC), placed blame on the SEC itself. Scott said the agency failed to take "meaningful preemptive action" before crypto\'s unwinding through the second half of last year.\n"If they have the tools they need. Were they just asleep at the wheel? ... Why aren\'t they here to tell us what they need? We\'d be happy to have chairman Gensler testify sooner, much sooner than later," Scott said.\nSen. Elizabeth Warren (D-MA) also drove home the illicit use of crypto, pointing to themore than $20 billion in illicit flows moved through the crypto market last year.\nShe took particular issue with decentralized finance, or DeFi, offerings, which are often more complicated to regulate than centralized firms.\n"They want a giant loophole written into the law so they can launder money whenever a drug lord or a terrorist pays them to do so," Warren said.\n"The rules should be simple. The same kind of transaction, same kind of risk needs the same kind of rules" Warren said, calling for more robust anti-money laundering requirements. Warren plans to reintroduce a bill with Sen. Roger Marshall (R-KS) to crack down on crypto money laundering.\nLee Reiners, a policy director at the Duke Financial Economics Center testifying before the Committee said before congress that crypto platforms need to segregate customer and firm assets. He also said banking regulators need further guidance to prevent any potential financial contagion amongst crypto firms from spreading into the banking system.\nFederal agencies first set the tempo in Washington for crypto this year when, on Jan. 3, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency issued ajoint statementwarning of the risks assumed by banks that touch crypto activities.\n"Banking agencies have broad legal authority to prohibit banks from engaging in any activity that can\'t be conducted in a safe and sound manner," said Reiners, arguing that regulators can provide further guidance of which crypto activities banks should and shouldn\'t be able to do.\nA proponent for restricting banking system access for crypto firms, Reiners also underlined the legal dilemma with doing so.\n"As long as crypto is legal, you know, then these firms are entitled to banking services. So I think the challenge is where do you draw the line?" he added.\n"Whatever congress decides to do, the status quo is simply untenable," he added.\nClick here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs\nRead the latest financial and business news from Yahoo Finance\nDownload the Yahoo Finance app forAppleorAndroid\nFollow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andYouTube', 'While the Securities and Exchange Commission’s lawsuit against Binance stablecoin issuer Paxos creeps forward, a growing list of crypto policies appear poised to be set in courtrooms. Even as those disputes play out, however, the stablecoin market seems to have already picked winners and losers. The industry has been operating for years without much of a regulatory framework in the U.S., leaving open questions about how staked crypto will be taxed , whether the Treasury Department can sanction an Ethereum mixer , or if Gemini’s Earn program should have been registered as a security . Now, in anticipation of a lawsuit from the SEC that asserts that Binance USD is an unregistered security, Paxos has stopped issuing BUSD tokens . It will, however, continue using the reserves backing the stablecoin to redeem them over the next year. Paxos Halts BUSD Minting as SEC Prepares Lawsuit But Paxos is still gearing up to fight the SEC’s claim . “Paxos categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws,” the company said Monday in a statement. “To be clear, there are unequivocally no
**Last 60 Days of Bitcoin's Closing Prices:**
[16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-15
**Financial & Commodity Data:**
- Gold Closing Price: $1834.20
- Crude Oil Closing Price: $78.59
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,199,008,888
- Hash Rate: 317275458.3617154
- Transaction Count: 325460.0
- Unique Addresses: 723537.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BC Hydro, a state-owned electric utility provider in the Canadian province of British Columbia, has paused new electricity connection requests from cryptocurrency miners for 18 months to support the provinces climate action and economic goals. Cryptocurrency mining consumes massive amounts of electricity to run and cool banks of high-powered computers 24/7/365, while creating very few jobs in the local economy, Minister of Energy, Mines and Low Carbon Innovation Josie Osborne said in a media release Wednesday. The suspension would target cryptocurrency miners who have yet to connect to the grid and those that were in the early stages of getting hooked up. Existing Bitcoin mining operators and those who are well advanced in the BC Hydros connection process would not be affected. What Is Bitcoin Mining? Environmentalists have criticized Bitcoin for its energy expenditures, with many comparing the network's consumption to that of entire countries . The Bitcoin network relies on the Proof-of-Work (PoW) consensus algorithm, which requires plenty of energy as Bitcoin miners compete to crack cryptographic puzzles and keep the blockchain secure while earning rewards for their efforts. Enough energy to power 570,000 homes According to the Canada Energy Regulator , about 87% of British Columbias electricity is generated by hydropower, which has attracted unprecedented interest from crypto miners, according to the province's government. The ministry said BC Hydro is currently serving seven crypto-mining operations and has six in the advanced stages of connection, totaling 273 megawatts of power. Additionally, the province is facing requests from 21 projects with a projected power usage of 1,403 megawattsenough energy to power 570,000 homes or 2.1 million electric vehicles for a year. All of these requests will now be suspended. The Hard Truth About Bitcoin's Energy Consumption The decision follows a similar move by the province of Manitoba last month in response to concerns that cryptocurrency operations have a high environmental toll by pulling in massive amounts of electricity with little economic payoff. Hydro-Quebec looks to follow the same avenue, too, asking the provincial regulator at the beginning of November to suspend the energy allocation process to cryptocurrency miners....
- 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.
|
23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38
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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:**
['TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of February 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is February 23, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of February 24, 2023, as well as Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of February 27, 2023. The ex-distribution date for all closed-end funds is February 27, 2023.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "TickerSymbol": "PDF", "Distributionper share/unit": "$ 0.10501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "TickerSymbol": "PDIV", "Distributionper share/unit": "$ 0.09501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "TickerSymbol": "PBD", "Distributionper share/unit": "$ 0.05901", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "TickerSymbol": "PHR", "Distributionper share/unit": "$ 0.07201", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "TickerSymbol": "PIN", "Distributionper share/unit": "$ 0.08301", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PYF", "Distributionper share/unit": "$ 0.11001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "TickerSymbol": "PYF.U", "Distributionper share/unit": "US $ 0.16501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "TickerSymbol": "PYF.B", "Distributionper share/unit": "$ 0.12301", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "TickerSymbol": "BNC", "Distributionper share/unit": "$ 0.10251", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "TickerSymbol": "PRP", "Distributionper share/unit": "$ 0.06001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PAYF", "Distributionper share/unit": "$ 0.13751", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PID", "Distributionper share/unit": "$ 0.0780", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PUD", "Distributionper share/unit": "$ 0.0650", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "PUD.B", "Distributionper share/unit": "$ 0.0760", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "TickerSymbol": "BND", "Distributionper share/unit": "$ 0.0665", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings Fund \\u2013 ETF Units", "TickerSymbol": "PSA", "Distributionper share/unit": "$ 0.2055", "Record Date": "02/27/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "TickerSymbol": "PSU.U", "Distributionper share/unit": "US$ 0.4015", "Record Date": "02/27/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "TickerSymbol": "SYLD", "Distributionper share/unit": "$ 0.0970", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "TickerSymbol": "PINC", "Distributionper share/unit": "$ 0.0840", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "TickerSymbol": "IGB", "Distributionper share/unit": "$ 0.06781", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPS", "Distributionper share/unit": "$ 0.0950", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "TickerSymbol": "RDE", "Distributionper share/unit": "$ 0.08001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPU", "Distributionper share/unit": "$ 0.0940", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "TickerSymbol": "RPU.B / RPU.U", "Distributionper share/unit": "$ 0.0940", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "TickerSymbol": "REM", "Distributionper share/unit": "$ 0.0950", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "TickerSymbol": "FLX", "Distributionper share/unit": "$ 0.0297", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "TickerSymbol": "FLX.U", "Distributionper share/unit": "US$ 0.0375", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "FLX.B", "Distributionper share/unit": "$ 0.0365", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "TickerSymbol": "BDEQ", "Distributionper share/unit": "$ 0.0112", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "BDOP", "Distributionper share/unit": "$ 0.0075", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "CROP", "Distributionper share/unit": "$ 0.0875", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF USD Units", "TickerSymbol": "CROP.U", "Distributionper share/unit": "$ 0.0975", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "TickerSymbol": "BTCY", "Distributionper share/unit": "$ 0.0210", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "BTCY.B", "Distributionper share/unit": "$ 0.0235", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "BTCY.U", "Distributionper share/unit": "US$ 0.0280", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "TickerSymbol": "ETHY", "Distributionper share/unit": "$ 0.0210", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "ETHY.B", "Distributionper share/unit": "$ 0.0250", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "ETHY.U", "Distributionper share/unit": "US$ 0.0275", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Healthcare Innovation Yield ETF \\u2013 ETF Units", "TickerSymbol": "HEAL", "Distributionper share/unit": "$ 0.1330", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequenc
**Last 60 Days of Bitcoin's Closing Prices:**
[16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-16
**Financial & Commodity Data:**
- Gold Closing Price: $1842.00
- Crude Oil Closing Price: $78.49
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $475,425,231,519
- Hash Rate: 348419061.63648504
- Transaction Count: 344711.0
- Unique Addresses: 759215.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The S&P 500 is making a strong start to 2023 as yet another key indicator suggests inflation is trending steadily lower.
On Thursday, the Labor Department reported the consumer price indexgained 6.5%in December, down from a 7.1% increase in November and in-line with economist estimates. Core CPI inflation, which excludes volatile food and energy prices, was 5.7% in December, also in-line with economist estimates.
Bitcoin prices briefly topped $19,000 on Thursday for the first time in two months following the encouraging CPI inflation report. Attorneys for collapsed cryptocurrency exchange FTX said this past week they have located roughly$5 billionin "liquid" assets, including cash and digital currencies, that could be used to repay FTX customers and creditors.
On Wednesday, Walt Disney announced it rejected billionaire activist investor Nelson Peltz's attempt to join the Disney board of investors, setting the stage for aproxy fight. Peltz said Disney had "lost its way resulting in a rapid deterioration in its financial performance," and his Trian Fund Management aims to work with Disney chief executive Bob Iger to ensure a successful CEO transition by 2025.
Wall Street investment bank Goldman Sachs is reportedly conducting3,200 layoffsahead of its upcoming fourth-quarter earnings report on Jan. 17. Big banks Bank of America, Wells Fargo, Citigroup and JPMorgan Chase kicked off bank earnings season on Friday with mixed results.
Shares of popular "meme" stock Bed, Bath & Beyond more than tripled this past week despite the company reporting a $393-million net loss in the fiscal third quarter and recently warning investors it is exploring a possible bankruptcy filing.
In the week ahead, investors will get more quarterly reports from United Airlines on Tuesday, Netflix on Thursday and Ericsson and Schlumberger on Friday.
Wall Street analysts have lowered their S&P 500 earnings estimates for the fourth quarter by 6.5% since the end of September, according to FactSet.
More:Scammers pretend to be from your bank to drain your savings
Following the Monday market holiday, investors will get key economic updates on Wednesday when the U.S. Census Bureau releases its December Retail Sales report and on Friday when the People's Bank of China announces its latest interest rate decision.
More:2023 tax season could be better — but huge backlog of 2022 returns may create challenges
More:Southfield auto lender accused of predatory deals, setting up buyers to fail
Benzinga is a financial news and data company headquartered in Detroit.
This article originally appeared on Detroit Free Press:Is Walt Disney setting stage for a proxy fight?...
- 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.
|
24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin shifted from flying high above $25K to sinking to $23.6K over the course of Thursday.\nInsights:Alameda Research ranked among the crypto industry\'s largest market makers. Its collapse with its parent company FTX, has increasingly prompted startups to postpone their token launches.\nBitcoin Soars Early Past $25K, Tumbles Late Below $23.5K\nCoinDesk Market Index (CMI)\n1,098\n−38.8▼3.4%\nBitcoin (BTC)\n$23,618\n−1187.6▼4.8%\nEthereum (ETH)\n$1,646\n−54.5▼3.2%\nS&P 500\n4,090.41\n−57.2▼1.4%\nGold\n$1,842\n+8.2▲0.4%\nNikkei 225\n27,696.44\n+194.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin was rising again Thursday and then it wasn\'t as investors seemed to have second thoughts about persnickety inflation, Federal Reserve monetary policy and crypto industry woes.\nThe largest digital asset by market capitalization was recently trading at about $23,618, down 4.8% over the past 24 hours and well off its high earlier in the day above $25,100. That mark represented BTC\'s first sojourn above $25,000 since August, reflecting rising optimism about inflation and the economy. But both seemed to vanish in the space of a few hours as an unexpected 0.7% month-over-month spike in January\'s producer price index (PPI) suggested that the U.S. central bank monetary had not yet succeeded in taming price increases that have bedeviled the economy for more than a year.\nIndustry-specific problems during the day also offered a reminder that crypto itself remained on rocky ground as investment bank D.A. Davidson analyst Chris BrendlerdowngradedCoinbase (COIN) to neutral from buy; a New York judge overseeing the criminal fraud case of Sam-Bankman Friedwarnedhe might revoke the bond of the former CEO of disgraced crypto exchange FTX if Bankman-Fried continued to defy bail conditions; and decentralized finance (DeFi) protocol Platypus Financesuffereda flash-loan attack with a potential loss of $8.5 million.\nOther cryptos turn red\nEther followed a similar path to BTC, rising well above $1,700 for the second consecutive day before retreating. The second largest crypto by market capitalization was recently changing hands at about $1,650, down more than a percentage point. Other major cryptos also seesawed with APT, the token of layer 1 protocol Aptos, recently sinking 7.9% after rising more than 9% earlier in the day. MATIC, the native crypto of layer 2 blockchain Polygon Network was up over 6.3%, despite paring gains from earlier. Popular meme coins DOGE and SHIB were both firmly in the red a day after rising handsomely.\nTheCoinDesk Market Index, a measure of overall crypto markets\' performance, was recently down about 3.8% after spending much of the previous 36 hours in the green.\nEquity markets, meanwhile, flinched at the PPI data with the tech-heavy Nasdaq, the S&P 500 and Dow Jones Industrial Average (DJIA) all declining well over a percentage point. Investors remain wary about a strong employment market, an inflationary sign suggesting that economic growth remains solid.\nStill, the recent crypto rally has a number of analysts feeling optimistic about prices. "The [consumer price index] in the U.S. has been playing a less-influential role as more evidence shows inflation has proven to be stubborn to tackle, and investors are adapting and cautiously getting into risky assets as a way of coping mechanism," Adrian Wang, founder and CEO at digital assets wealth management company Metalpha Limited, said prior to the Thursday downturn.\n"We can expect the market going more bullish ahead," he said.\nAnd Darius Tabatabai, the co-founder of Vertex Protocol, a London-based decentralized exchange, said that crypto markets seemed willing to move past the industry\'s myriad problems. "The news that the [Securities and Exchange Commission] was investigating [stablecoin] BUSD earlier this week led to some pullback in prices, but with the market seeming to slowly shrug off the news and retail sales data hinting at a soft landing for inflation, and we may have the makings of another bull market," Tabatabai said.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22126.8%", "DACS Sector": "Currency"}]\nAlameda Research\'s Contagion Effects Linger as Startups Postpone Their Token Launches\nThe crypto market is struggling with an "Alameda gap," with several projects postponing their token launch plans because of a lack of liquidity despite surging bitcoin (BTC) and ether (ETH) prices.\nData from crypto price tracking platform CoinMarketCap shows that new coin applications fell throughout 2022, from 10,264 in the first quarter to 6,350 in the fourth. The drop accelerated toward year\'s end after crypto exchange FTX and its sister concern Alameda Research collapsed in November. Before going bust, Alameda was one of the largest market makers, providing billions of dollars of liquidity to large-cap and small-cap tokens.\nYear to date, the figure is just 3,000 applications.\n“Post-FTX we have seen liquidity dry as up to 50% on major coins,” Guilhem Chaumont, CEO of Paris-based market maker and brokerage Flowdesk, said in an email. “On smaller market caps, the liquidity reduction has been even worse because Alameda has closed all their support for token issuers and other big market makers have reduced their exposure and activity.”\nChaumont said he is advising projects to postpone by three to six months. Flowdesk expects the bear market to be around for another 12 to 18 months.\nLast month, the recently decentralized exchange dYdX said it was planning todelay its token unlock, which would release more than 150 million tokens to early investors and founders, to December 2023 with hopes that the market will have recovered by then. People familiar with the matter say it is because of concern over market liquidity.\nLiquidity in bitcoin and ether markets as measured by the 2% market depth has dried up since Alameda went down, making it harder for traders to execute big orders without affecting the market price and for projects to issue new tokens.\nThe 2% depth represents a collection of the buy and sell orders within 2% of the mid-price – the average of the bid and the ask/offer prices being quoted at a given time. Data tracked by Paris-based Kaiko show the 2% market depth for BTC fell to less than 8,000 BTC in January even as the cryptocurrency rallied over 40%.\n“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, [CoinDesk sister company] Genesis, Cumberland and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in a November briefing note.\nData from Arkham Intelligence shows that balances at key market makers have dropped. Cumberland currently has a balance of $75 million, down from around $220 million in early December; Wintermute has $122 million, compared with $1.7 billion last February and $4 billion at the end of October 2021, when the bull market reached its peak.\nAmber Group, which jettisoned a sponsorship deal with U.K. soccer team Chelsea in December, has been throughmultiple roundsoflayoffs. Arkham says it currently has a balance of $92 million, down from a peak of about $350 million in mid-2022.\nThis isn\'t necessarily a bad thing, said March Zheng, the co-founder and managing partner of Bizantine Capital.\n“Crypto markets are cyclical in nature, but it needs stress test conditions like the last few months to prove its resiliency for the long term,” he told CoinDesk in a note. “New token issuance activity has been down, but it gives more opportunity for incumbent and top projects.”\nZheng points todevelopments in Hong Kongasbullish sentimentsfor the market.\nMeanwhile, the market continues to rally, with bitcoinpushing past $24.5Kduring Asian business hours Thursday while shorts were hit withconsiderable liquidation losses.\nBlockchain Fest 2023(Singapore)\nEuropean Blockchain Convention 2023(Barcelona)\nH1HKT/SGT(UTC):China foreign direct investment(Jan./YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Surges to Highest Level Since August; Sam Bankman-Fried\'s Bond Co-Signers Revealed\nBitcoin was just shy of $25,000, hitting its strongest level since Aug. 15. Digital asset strategist Joe Orsini shared his market reaction. Plus, prosecutors asked a judge to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. Securities Lawyer James Murphy weighed in after Bankman-Fried\'s bond co-signers are revealed.\nBUSD Drama Sets Stage for Stablecoin Market Reshuffling:Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.\nCrypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain\'s Newest Rigs:The Bitmain Antminer S19j Pro+ machines will increase CleanSpark\'s computing power by 37%.\nOnly 31% of Staked Ether May Be Profitable, Binance Research:Around 2 million ETH were staked when prices were in the range of $400 to $600. These stakers are some of the strongest Ethereum believers, according to Binance Research.\nCrypto Startups Are Increasingly Postponing Token Launch Plans as Alameda Research\'s Contagion Effects Linger:Data from CoinMarketCa
**Last 60 Days of Bitcoin's Closing Prices:**
[16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-17
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $456,034,993,444
- Hash Rate: 321168408.7710616
- Transaction Count: 321260.0
- Unique Addresses: 716489.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market is limping into the new year, but the week heading into Christmas brought very modest gains for the two leading coins. As of Saturday morning, Bitcoin (BTC) is up nearly 1% over the past seven days and Ethereum (ETH) is up nearly 4%, according to CoinMarketCap data. Top memecoin Dogecoin faced notably heavier losses this week. The value of one DOGE is 8.8% lower than it was this time last week and it currently trades for $0.077119. Dogecoin’s popularity waned this week when the cryptocurrency’s number one fan, Twitter/Tesla CEO Elon Musk, tweeted a poll asking whether he should step down from Twitter. The majority of respondents, some 10 million people, voted “Yes.” Much yikes, very ouch. Double-digit percentage losses were felt by holders of Solana (SOL), which crashed 15% to $11.86. Cardano (ADA) dropped 13% to $0.259728, Polkadot (DOT) sank 14% to $4.47, Avalanche (AVAX) fell 10% to $11.78, and Quant (QNT) dropped 12% to $105. Ethereum Classic (ETC), Uniswap (UNI), Litecoin (LITE) and Polygon (MATIC) all posted similar losses of around 9%. Finally, there were whispers in Washington this week that the FTX debacle could spell the end of centralized crypto exchanges . The SEC has escalated its assault on the crypto industry via the investigation. The agency is targeting FTX bigwigs for securities fraud by labeling the exchange’s native token FTT as a security. It’s a subtle semantic shift, implying the SEC now views the token as a security in itself regardless of how it was marketed to consumers. With another year about to close, it’s worth zooming out and considering where 2022 fits into the crypto narrative. It was another rollercoaster year, but unlike the heady peaks of 2021, this was most certainly a painful trough for everyone in the industry in some way or another. Bitcoin more than halved over the course of the year (though there's still a week left for a miracle to happen) while Ethereum depreciated by a factor of three . Such heavy losses among the two market leaders obviously didn’t bode well for the wider market, either. Story continues But this was a year in which the industry needed to learn important lessons, and learn them it did, through a tried-and-tested, ancient method: failure. Central to the 2022 bear run were the historic collapses of the Terra ecosystem (both LUNA and its algorithmic stablecoin UST) and the centralized FTX exchange . The contagion from both events spread far across the industry, bankrupting many firms and providing us with case studies in what not to do. Interestingly, Bitcoin’s popularity among retail investors—regular Joes as opposed to institutional investors, like Tesla and MicroStrategy—exponentially grew over the course of the year. In 2020, just 12% of the total supply was in the people’s hands, but by now, that figure has blown up to a little over 17% , an all-time high proportion....
- Reddit Posts (Sample): [['u/anyemptyplace', 'More information on the merger: HUT 8 Corp. files S-4 form - it includes financial info and hash-rate/bitcoin mined numbers for the merger company: U.S. Bitcoin.', 14, '2023-02-17 00:13', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/', "[Here](https://www.sec.gov/Archives/edgar/data/1964789/000110465923019807/tm235928-1_s4.htm#) is a link to the filing.\n\nIncludes some important information on getting an idea of what kind of company USBTC is in terms of debt, cash, bitcoin mined numbers, stack, etc...\n\n[Here's](https://i.imgur.com/90dcfa4.png) an interesting little sample...", 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/', '11445qq', [['u/coffeepoop101', 11, '2023-02-17 00:42', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8u6udw/', 'So USBTC has no btc holdings, no cash and a shit ton of debt. Nice....', '11445qq'], ['u/coffeepoop101', 15, '2023-02-17 01:12', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8ub2u4/', "I went straight for the balance sheet and income statement so can't provide any more info than that. Basically USBTC mines roughly 200 BTC a month but sells it all so they have 26 BTC stacked as of Jan 31st. 5M cash left and 160M of debt. They're basically Hut8 but with a shitty balance sheet. I have no idea how they came to the conclusion of a 50/50 merger of equals...", '11445qq'], ['u/Federal-Donut', 10, '2023-02-17 01:19', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8uc2om/', "I agree, I don't understand why it's a merger of equals. They need HUT to survive.", '11445qq']]], ['u/slvbtc', 'What is to stop Visa or Mastercard from getting into lightning?', 10, '2023-02-17 03:09', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/', 'Visa and Mastercard are just payment processors, they help merchants accept money from customer bank accounts by using card credentials to verify money flows from a customers bank account to a merchants bank account. When you buy something they take your card details and move money from your account to the merchants account.\n\nVisa and Mastercard could very easily add a lightning invoice option next to their card credential option. They would take money in the form of data (satoshis) instantly and directly, then use their global forex infrastructure to turn those sats into the local currency and deposit that currency into the merchants bank account. This could be done with in-house infrastructure or simply through partnerships and APIs with companies like strike.\n\nIf Visa and Mastercard do nothing they will become exceedingly irrellevant as digital currency payments start to dominate global commerce. But if they integrate lightning payments now they may end up becoming the worlds largest facilitator of lightning payments allowing them to remain relevant. With their already established global reach they could incorporate lightning payments, turn on that capability and overnight 99.9% of merchants on earth would be accepting lightning through their POS terminals and online checkouts without even knowing it, the merchants would just continue to recieve dollars in their bank account as per usual.\n\nThere should not be too much of an issue with AML and KYC for accepting sats and if there is there should be a smaller amount that is exempt from these regulations. For example if your purchase is over $1000 you cant use lightning because identity and origin of funds are unknown but for anything under $1000 people are free to pay with lightning without any party having to worry about any type of regulatory friction. This payment size limit would also tie into the diminimis use exemption for taxes that some US politicans are working on that would allow smaller transactions under $1000 to be free from capital gains tax and record keeping requirements.\n\nIt seems to me like Visa and Mastercard as the worlds globally dominant payment processors need to figure out how to accept lightning invoices alongside card credentials in order to remain relevant. Otherwise as time passes and the world integrates lightning into cashapp twitter nostr paypal and all neo banking apps while Visa and Mastercard do not adapt the world will simply start using lightning more and more while using their cards less and less until Visa and Mastercard are as irrelevant as telephone booths.\n\nVisa and Mastercard need to figure out how to integrate accepting lightning invoices alongside card credentials. Its possible to do and they will do it, its just a question of how long it takes them to adapt to the modern world. Its even highly likely they already have plans in the works for this type of integration. Afterall if the world wants to use lightning and Visa and Mastercard do not process those payments for merchants then they risk going out of business all together over the coming decade.\n\nVisa and Mastercard processing lightning payments for merchants is just a matter of time. I know people here do not like the idea of Visa and Mastercard doing this and they think merchants should just accept sats directly, but if Visa and Mastercard do integrate lightning payment processing for merchants then that drives adoption beyond belief. All of a sudden every bank on earth will be under pressure to allow customers to pay via lightning invoices from their banking apps, and every bitcoiner with a lightning wallet would be able to pay any merchant on earth. This one move by Visa and Mastercard would make bitcoin and lightning the worlds global payment infrastructure overnight!', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/', '1147w6l', [['u/Umpire_State_Bldg', 11, '2023-02-17 03:27', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/j8ut50a/', '> turn those sats into the local currency \n\nLocal currencies are doomed; Bitcoin has made fiat currency obsolete. \n\nLocal currencies are "going bye-bye" and never coming back.', '1147w6l']]], ['u/AutoModerator', '[Daily Discussion] - Friday, February 17, 2023', 39, '2023-02-17 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/', '114b5k7', [['u/Super_Extreme', 26, '2023-02-17 08:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8vq4yh/', 'China missed banning Bitcoin, so it will unban it so that it can ban it again.', '114b5k7'], ['u/UpdomeAhom76', 10, '2023-02-17 09:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8vueg1/', 'Was that Hong Kong news legit?', '114b5k7'], ['u/haikusbot', 19, '2023-02-17 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wrtgf/', '*Interesting spx*\n\n*Seems to be breaking down and*\n\n*We are going up*\n\n\\- PatientlyWaitingfy\n\n---\n\n^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/)\n\n^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")', '114b5k7'], ['u/GenghisKhanSpermShot', 13, '2023-02-17 16:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wv9dc/', "Look where [BTC is perched](https://www.tradingview.com/x/hVsbMTtn/), like a bird on a wire, c'mon birdy you can do it.", '114b5k7'], ['u/zberg69420', 21, '2023-02-17 16:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wv9sc/', 'Fuck tradfi and their market opening hystrionics. Time to do some BTC things. Go you beautiful bastard', '114b5k7'], ['u/AccidentalArbitrage', 11, '2023-02-17 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wxgt0/', 'Karma farming duplicate content spam bot. You all know the drill.\n\nHopefully we can get these spammers to stay out of our sub if they notice we always call them out and destroy their karma, the exact opposite of what they are trying to achieve.', '114b5k7'], ['u/xtal_00', 15, '2023-02-17 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8x0zqg/', 'Looking for a 25k test today.\n\nKnock knock.', '114b5k7'], ['u/Jip1210', 11, '2023-02-17 16:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8x1rx6/', 'Not saying it will happen, but a few Fridays recently have had big moves up on volume that started slowly and really got going in the afternoon/evening. Could play out again.', '114b5k7'], ['u/ccgirl21', 12, '2023-02-17 17:39', 'https://www...
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.
|
24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Join the most important conversation in crypto and web3! Secure your seat today\nIt’s been a wild week for bitcoin with the largest cryptocurrency by market capitalization reaching multiple six-month highs before retreating suddenly late Thursday, but then rallying again.\nBitcoin (BTC) was recently trading over $24,557, up almost 3.1% over the past 24 hours and off a weekly high early Thursday when BTC surpassed $25,000 for the first time since August.\nThe Thursday drop notwithstanding, bitcoin was still changing hands 13% higher than it was seven days ago. The reasons for its rebound from previous support around $22,000, subsequent decline and then rally have varied. They underscore cryptos’ ongoing sensitivity to macroeconomic conditions and industry-specific events, even if BTC sometimes behaved counterintuitively.\nLate Tuesday, investor optimism trumped concerns about a stablecoin crackdown andtepid Consumer Price Index (CPI)to send bitcoin, ether and most other cryptos soaring. In an interview with CoinDesk, Riyad Carey, research analyst at crypto data firm Kaiko, said that bitcoin’s upturn was “a bit of a euphoric rally that regulatory issues have cooled off temporarily.”\nEarlier in the week, Darius Tabatabai, co-founder of Vertex Protocol, a London-based decentralized exchange, said said that “we may have the makings of another bull market,”\nA day later, markets turned wary and bitcoin dropped more than $1,000 in a few hours amidhawkish remarksby Federal Reserve officials, the announcement of aU.S. Securities and Exchange Commission (SEC) lawsuitagainst disgraced Terraform Labs co-founder Do Kwon, and a disappointing wholesale prices report suggesting that inflation remained stubbornly resilient.\nBTC's “intermediate-term overbought conditions provide a headwind with important resistance around $25,200 nearby, which increases the likelihood of a short-term pullback. Support is near the 200-day MA $20,000,” Katie Stockton, founder of technical analysis-based research firm Fairlead Strategies, wrote to CoinDesk in an email.\nEdward Moya, senior market analyst for foreign exchange market maker Oanda, noted in an email Friday that “after Bitcoin tested the $25,000 level and failed to extend higher, many active traders locked in profits. Appetite for risky assets might struggle over the short-term, which could support a Bitcoin consolidation as long as a regulatory crackdown does not take down a key stablecoin or crypto company.”\nBy Friday afternoon, investors seemed to have shaken off the latest discouraging news to push bitcoin just a few dollars short of $25,000 again. And cryptos continued to outperform equity markets to which they correlated for much of 2022. Ether (ETH), the second largest crypto in market value, has risen more than 12% over the past week.\nOanda’s Moya believes that the larger outcome of the new U.S. crypto regulatory push won't be apparent for a while, allowing markets to sort themselves out, and that the industry itself remains flush with interesting projects. “There’s always a period when the regulators and lawmakers want to hear from the market that they're going to impact,” Moya told CoinDesk in an interview. “But I haven't seen anything that take away from this market from continuing to grow, to see investment and to have projects done that could hopefully drive the use case argument for it,” he added, although he added that lot of money might leave stablecoins for other types of crypto investments.\nTo be sure, some observers think that regulatory overreach could drive away investment and spook markets. “Based on their unwillingness to come to the table, it’s clear that the SEC’s motivations of late are being driven by a desire to protect the financial incumbents – that is, Wall Street,” Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai.\nBut investors remained largely optimistic about crypto markets. They see the Fed approving a second consecutive 25 basis point rate hike at its next Federal Open Market Committee (FOMC) meeting in March instead of returning to the more aggressive increases of 2022. And they hope that any economic contraction will be mild – a so-called safe landing that central bankers are seeking.\n“While forecasts of higher rates weigh down on the values of future cash flows, increasing global liquidity is helping raise asset prices,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, wrote in a Friday newsletter.\nMeanwhile, Moya noted on Thursday that “bitcoin resilience” has been “impressive” given bond market volatility and steady flow of regulation headlines.”\nBut he added cautiously in a follow-up interview with CoinDesk: “I think we have to live week by week and right now it seems that the main goal is to put consumer protections in place. That will ultimately be where things get fixated on these potential investigations. I think part of the market is also getting used to that type of expectation.”", "Join the most important conversation in crypto and web3! Secure your seat today\nIt’s been a wild week for bitcoin with the largest cryptocurrency by market capitalization reaching multiple six-month highs before retreating suddenly late Thursday, but then rallying again.\nBitcoin (BTC) was recently trading over $24,557, up almost 3.1% over the past 24 hours and off a weekly high early Thursday when BTC surpassed $25,000 for the first time since August.\nThe Thursday drop notwithstanding, bitcoin was still changing hands 13% higher than it was seven days ago. The reasons for its rebound from previous support around $22,000, subsequent decline and then rally have varied. They underscore cryptos’ ongoing sensitivity to macroeconomic conditions and industry-specific events, even if BTC sometimes behaved counterintuitively.\nLate Tuesday, investor optimism trumped concerns about a stablecoin crackdown andtepid Consumer Price Index (CPI)to send bitcoin, ether and most other cryptos soaring. In an interview with CoinDesk, Riyad Carey, research analyst at crypto data firm Kaiko, said that bitcoin’s upturn was “a bit of a euphoric rally that regulatory issues have cooled off temporarily.”\nEarlier in the week, Darius Tabatabai, co-founder of Vertex Protocol, a London-based decentralized exchange, said said that “we may have the makings of another bull market,”\nA day later, markets turned wary and bitcoin dropped more than $1,000 in a few hours amidhawkish remarksby Federal Reserve officials, the announcement of aU.S. Securities and Exchange Commission (SEC) lawsuitagainst disgraced Terraform Labs co-founder Do Kwon, and a disappointing wholesale prices report suggesting that inflation remained stubbornly resilient.\nBTC's “intermediate-term overbought conditions provide a headwind with important resistance around $25,200 nearby, which increases the likelihood of a short-term pullback. Support is near the 200-day MA $20,000,” Katie Stockton, founder of technical analysis-based research firm Fairlead Strategies, wrote to CoinDesk in an email.\nEdward Moya, senior market analyst for foreign exchange market maker Oanda, noted in an email Friday that “after Bitcoin tested the $25,000 level and failed to extend higher, many active traders locked in profits. Appetite for risky assets might struggle over the short-term, which could support a Bitcoin consolidation as long as a regulatory crackdown does not take down a key stablecoin or crypto company.”\nBy Friday afternoon, investors seemed to have shaken off the latest discouraging news to push bitcoin just a few dollars short of $25,000 again. And cryptos continued to outperform equity markets to which they correlated for much of 2022. Ether (ETH), the second largest crypto in market value, has risen more than 12% over the past week.\nOanda’s Moya believes that the larger outcome of the new U.S. crypto regulatory push won't be apparent for a while, allowing markets to sort themselves out, and that the industry itself remains flush with interesting projects. “There’s always a period when the regulators and lawmakers want to hear from the market that they're going to impact,” Moya told CoinDesk in an interview. “But I haven't seen anything that take away from this market from continuing to grow, to see investment and to have projects done that could hopefully drive the use case argument for it,” he added, although he added that lot of money might leave stablecoins for other types of crypto investments.\nTo be sure, some observers think that regulatory overreach could drive away investment and spook markets. “Based on their unwillingness to come to the table, it’s clear that the SEC’s motivations of late are being driven by a desire to protect the financial incumbents – that is, Wall Street,” Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai.\nBut investors remained largely optimistic about crypto markets. They see the Fed approving a second consecutive 25 basis point rate hike at its next Federal Open Market Committee (FOMC) meeting in March instead of returning to the more aggressive increases of 2022. And they hope that any economic contraction will be mild – a so-called safe landing that central bankers are seeking.\n“While forecasts of higher rates weigh down on the values of future cash flows, increasing global liquidity is helping raise asset prices,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, wrote in a Friday newsletter.\nMeanwhile, Moya noted on Thursday that “bitcoin resilience” has been “impressive” given bond market volatility and steady flow of regulation headlines.”\nBut he added cautiously in a follow-up interview with CoinDesk: “I think we have to live w
**Last 60 Days of Bitcoin's Closing Prices:**
[16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-18
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $474,980,091,600
- Hash Rate: 327007834.38508093
- Transaction Count: 276798.0
- Unique Addresses: 656568.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: stocks and shares investing strategies The most successful investors backed either the most out of favour stocks, the most “sinful” stocks or Warren Buffett last year, new research shows. The most lucrative strategy was to invest in the worst performing sector of the previous 12 months – Latin America – according to analysis by the stockbroker AJ Bell. A saver who did this at the start of January would have secured a return of 16.4pc, it found. The second best strategy was to back star investor Warren Buffe t, the broker said. His Berkshire Hathaway fund, which invests in leading global businesses such as Apple and Bank of America, returned 16.3pc in 2022. A fund of so-called “sin stocks” came joint second, with investments in tobacco, weapons and alcohol businesses also delivering returns of 16.3pc. An investment in gold ranked third, where an investor in a physical gold ETF would have secured a return of 12pc in 2022. Gold typically rallies during periods of market volatility, as it is widely viewed as a safe haven asset. However, over the past 10 years gold's so-called "digital alternative" Bitcoin ranked as the most lucrative investment, with an astonishing return of 162,981pc in sterling terms. It was bottom of the pile in 2022 , losing savers 60pc. Laith Khalaf, of AJ Bell, said: “There was a big sell off in riskier areas of the market in 2022, but that hasn’t knocked risk-hungry strategies off their perch when looking at performance over the last decade.” While the worst strategy in 2022 was investing in a global technology fund , which lost 28pc on average, they ranked second over a 10-year period. A saver who made a bet on the sector in 2012 would have made 466pc on their money, AJ Bell found. Mr Khalaf added: “Low-risk safe havens have not served investors particularly well over a 10-year horizon. A typical cash Isa has returned just 12pc, and an investment in UK government bonds has returned just 3pc, compared with CPI inflation over the same period of 30pc.” Story continues He said that overall the average fund invested in British bonds had lost 24pc in 2022, “an extremely steep loss” for an asset otherwise highly regarded for its stability. Fund managers in this space also performed the worst on a 10-year basis, delivering returns of just 3.1pc. However, he suggested that bonds and cash looked safer now that interest rates were higher and exciting “growth” stocks looked riskier. Mr Khalaf added: “Looking at data back to 1899, the Barclays Equity Gilt Study calculates that over 10 years, there is around a 90pc chance of UK equities outperforming bonds, and around a 75pc chance of equities outperforming gilts. The next 10 years is unlikely to substantially shift those odds.”...
- 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.
|
24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35
|
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:**
['YouTube superstar Logan Paul is facing a lawsuit over CryptoZoo, and he\'s far from the only celeb hyping up risky investments — here\'s why young fans are \'left holding the bag\' From Floyd Mayweather to the Paul brothers, celebrities and influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges. Don\'t miss Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead . Get in now for strong long-term tailwinds \'Hold onto your money\': Jeff Bezos issued a financial warning, says you might want to rethink buying a \'new automobile, refrigerator, or whatever\' — here are 3 better recession-proof buys Here\'s the average salary each generation says they need to feel \'financially healthy.\' Gen Z requires a whopping $171K/year — but how do your own expectations compare? Bitcoin\'s track record serves as an example of just how volatile that market can be. There’s been a big shift toward younger people entering the financial markets over the past decade, notes Taylor Lorenz, a technology and internet culture reporter for The Washington Post. And over a quarter of Gen Zers receive their financial advice from social media, according to the National Association of Personal Finance Advisors . Millions of those young Americans have grown up watching videos on YouTube from social media superstars like Logan Paul. The prominent vlogger and podcast host, who has a combined following of over 27 million subscribers across two YouTube channels, is currently making headlines for controversy surrounding his NFT-based game CryptoZoo — a project he first hyped up on his Impaulsive podcast in 2021 as a “really fun game that makes you money." “Young teenagers are purchasing things like NFTs and other speculative investments, and often participating in online communities that pump the prices of these things,” says Lorenz. “So it\'s kind of ‘Lord of the Flies’ out there right now in our financial system.” Teens are getting into investing It’s not just older Gen Zers who have interest in the stock market — a 2022 study from Fidelity found that 1-in-5 teens have started investing, while two-thirds plan to start investing before graduating college or earlier. Story continues Teenagers can get their parents to sign them up for stock trading accounts. And there’s technically no legal age limit when it comes to owning crypto — although some exchanges may restrict people under 18 from signing up. Even TikTok star Charli D’Amelio received Bitcoin for her 17th birthday from cryptocurrency app Gemini last year, despite not being old enough to trade on the platform. The family posted a picture on Instagram to their large following, thanking Gemini for the gift. But 2022 has not been kind to the world\'s leading digital currency. After hitting an all-time peak of around $69,000 per unit on November 10, 2021, Bitcoin has since erased roughly 75% of its value, sitting at $16,600 as of the end of the trading day on Dec. 19. Celebs are promoting financial products to their fans Celebrities and Youtube and TikTok influencers often generate income from sponsored posts and paid partnerships on their social media platforms. Kim Kardashian made headlines recently when she was fined $1 million by the U.S. Securities and Exchange Commission (SEC) for not disclosing that she was paid $250,000 to promote a crypto asset. She’s also agreed to not promote any crypto assets for three years. She’s not the only celeb who’s endorsed cryptocurrency over the past couple years — the market has since crashed hard over the last year — but she is one of the few to encounter legal trouble in the aftermath. Read more: UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to this exclusive asset class Under the current federal securities laws, anyone who promotes crypto assets “must disclose the nature, source, and amount of compensation they received in exchange for the promotion," said Gurbir S. Grewal, director of the SEC’s division of enforcement, in a press release detailing the charges against Kim Kardashian earlier this month. But it’s hard to regulate how content creators advertise, and the ones who have smaller audiences may not think they’ll face repercussions, says Lorenz. “It\'s unclear when things are even an ad, it\'s really tough to police.” She adds that making an example of Kardashian is useful, but many online influencers may continue to endorse risky assets for an easy buck until more is done by regulators. And there are still issues even when influencers are upfront about being paid to endorse an asset. “People have such intense parasocial bonds with the influencers that they follow that — even with that disclosure — I don\'t think it matters significantly because people will still just trust anything that they say.” Crypto endorsement controversy Giving out financial advice or promoting products is just another way for content creators to monetize their audiences, says Lorenz. While many promotions are above board, less scrupulous influencers can intentionally or unintentionally cross the line. “They partner with financial crypto firms, or they release their own tokens in ‘pump and dump’ schemes,” she explains. “But all of these things are definitely a problem on the internet.” Pump and dump schemes involve spreading misleading or overly positive information to inflate the price of a stock or security and then selling your shares at the higher price. The stock price typically drops afterwards and other investors may experience major losses. The FTC found that 1-in-4 people who reported losing money to fraud last year said it started on social media, amounting to about $770 million in losses. People aged 18 to 39 were also more than twice as likely as older adults to report losing money to these scams. And crypto fraud losses from January 2021 through March 2022 totalled over $1 billion. Even when popular personalities aren’t intentionally participating in fraud, endorsing dubious assets over social media can still pose a risk. Several traders accused Kardashian, Floyd Mayweather and basketball player Paul Pierce of participating in a pump and dump scheme with EthereumMax — however all three have filed motions to be removed from the lawsuit and EthereumMax has denied the allegations as well. YouTuber and celebrity boxer Logan Paul is also no stranger to the crypto scene or to controversy. The popular vlogger, who shot to notoriety for a video he made in Japan\'s Aokigahara forest in 2017, also found himself in more hot water last year after promoting a meme token called Dink Doink. The coin reportedly shot up in value by 40,000% after a tweet from Paul, and then plummeted by over 90% over the following two weeks. The New York Times reported that he failed to mention both financial and personal ties to the asset in his endorsements and later expressed regret for getting involved. And it doesn\'t end there for Paul. He is involved in another venture called CryptoZoo — an NFT-based game that Vulture describes as "a Pokémon-inspired trading game in which users purchase eggs, hatch them and then breed animals to earn proprietary $ZOO tokens." Last month, Paul tweeted a video statement about his plan for the game going forward, including a $1.3 million rewards program for "disappointed" players. Buzzfeed reported earlier this month that Paul is now facing a lawsuit filed by the firm of lawyer and fellow YouTube personality Tom Kherkher . Lorenz believes there needs to be more regulation and guardrails in place to protect not just young people, but people of all ages from falling prey to dubious investments. “The celebrities fundamentally don\'t seem to care,” says Lorenz. “The problem is it\'s their followers who are left holding the bag.” — With files from Samantha Emann What to read next Diversify like the ultra-rich: You can now collect income from \'passion assets\' like fine art and luxury real estate You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) Americans are paying nearly 40% more on home insurance compared to 12 years ago — here\'s how to spend less on peace of mind This article provides information only and should not be construed as advice. It is provided without warranty of any kind.', 'From Floyd Mayweather to the Paul brothers, celebrities and influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges.\n• Rich young Americans have lost confidence in the stock market — and arebetting on these 3 assets instead. Get in now for strong long-term tailwinds\n• \'Hold onto your money\': Jeff Bezos issued a financial warning, says you might want to rethink buying a \'new automobile, refrigerator, or whatever\' —here are 3 better recession-proof buys\n• Here\'s the average salary each generation says they need to feel \'financially healthy.\' Gen Z requires a whopping $171K/year — buthow do your own expectations compare?\nBitcoin\'s track record serves as an example of just how volatile that market can be.\nThere’s been a big shift toward younger people entering the financial markets over the past decade, notes Taylor Lorenz, a technology and internet culture reporter for The Washington Post.\nAnd over a quarter of Gen Zers receive their financial advice from social media, according to theNational Association of Personal Finance Advisors.\nMillions of those young Americans have grown up watching videos on YouTube from social media superstars like Logan Paul. The prominent vlogger and podcast host, who has a combined following of over 27 million subscribers across two YouTube channels, is currently making headlines for controversy surrounding his NFT-based game Cr
**Last 60 Days of Bitcoin's Closing Prices:**
[16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-19
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $479,089,676,494
- Hash Rate: 315328983.1570423
- Transaction Count: 240406.0
- Unique Addresses: 569883.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A New York City woman has been charged with using cryptocurrency to provide financial support to terrorist groups in Syria , a rare prosecution involving virtual currency to fund terrorism. The 11-count indictment charged Victoria Jacobs, 43, who was known as Bakhrom Talipov, with providing support for an act of terrorism, money laundering and other crimes. Jacobs provided material support to Hay'at Tahrir al-Sham, a U.S. State Department-designated foreign terrorist organization, and provided more than $5,000 to the terrorist training group Malhama Tactical, which fought with and provided special tactical and military training to Hay'at Tahrir al-Sham, the indictment said. MORE: Meta says it will share software in attempt to combat terrorism, human trafficking "This case marks the first time that terrorism financing is being prosecuted in New York State Court and is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism," Manhattan District Attorney Alvin Bragg said in a statement. Jacobs allegedly laundered $10,661 on behalf of Malhama Tactical by receiving cryptocurrency and Western Union and MoneyGram wires from supporters around the globe and sending the funds to Bitcoin wallets controlled by Malhama Tactical. In addition to sending cryptocurrency, she also purchased Google Play gift cards for the organization, according to the indictment. In October 2018, the defendant saved notes on her cellphone, which the indictment quoted as saying "Assalamu aleykum my dear brothers and sisters, we currently are buildings new place (train camp), it's getting cold and we need new place, who want help us and support can do this safely and anonymously by Bitcoin wallet. Send me DM for details. Retweet." PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple and Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. (Dado Ruvic/Reuters/Illustration, FILE) In December 2019, Jacobs provided a comprehensive U.S. Army Improvised Munitions Handbook to an online group -- which she believed was associated with both Hay'at Tahrir al-Sham and al-Qaeda affiliated Jihadist group Hurras al-Din -- to facilitate their bomb-making efforts in Syria, the indictment said. Story continues Prosecutors said Jacobs bought military-style combat knives, metal knuckles and throwing stars in August 2021 that were found in her Upper East Side apartment. MORE: NYC bike path terror attack suspect found guilty "Disturbingly, approximately one month later, on September 21-22, 2021, the defendant, in a Telegram chat, claimed to be a 'brother' who was 'behind enemy lines' and asked for prayers for the 'courage, strength, guidance, and wisdom to carry out certain missions,'" Assistant District Attorney Edward Burns said in a court filing. "Along with these statements, defendant posted a 15-second video clip of an unknown person ominously moving around with a firearm," he continued. "The timing of this post and the defendant's acquisition of the weapons supports the conclusion that she intended to use the weapons in an unlawful manner." Jacobs is being held without bail. In a parallel investigation, federal prosecutors in Brooklyn charged four defendants in December with crowdfunding support for ISIS using cryptocurrency, Bitcoin wallets, GoFundMe and PayPal to collect what they called "blood money." New York City woman charged with financing terrorist groups in Syria through cryptocurrency originally appeared on abcnews.go.com...
- Reddit Posts (Sample): [['u/Darken-kun', 'Opinion: Bitcoin is gold, Monero is money', 54, '2023-02-19 02:37', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/', "I've seen this debate lately about which one has the highest chance to be adopted as a global currency.\n\nBoth are decentralized and can fight censorship, but one fundamental difference of Bitcoin over Monero is it halving cicles and fixed maximum supply. This gives the scarcity characteristic to Bitcoin.\n\nMonero on the other hand managed to successfully reach tail emission with no maximum supply. So the value of each Monero becomes its use case rather than scarcity, which is to be used as money.\n\nI don't know which one has more potential to be adopted in the future, though. In the today's scenario, where Central Bank Currencies with standard surveillance are to become a thing and privacy by default will be requested from the citizens, I believe Monero will be used for online payments over distances and Bitcoin Lightning for in person P2P trades on their mobile phones.\n\nHowever, if Monero can overcome this and implement layer 2 solutions, the use of Bitcoin won't be needed at all.\n\n(Every other cryptocurrency is a scam btw)", 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/', '115y2ic', [['u/AmadeusBlackwell', 36, '2023-02-19 03:19', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j943ehw/', "This dichotomy only matters if you're interested in holding Monero instead of spending it. \n\nMonero has BTC beat as far as being digital cash. Layer 2 solutions aren't necessary if the goal of the currency is to be currency. If you want all that layer 2 bloat that ETH and ADA has, then go to do business there as VB and Hoskinson sell you out to the feds.", '115y2ic'], ['u/Exchange_REC', 10, '2023-02-19 04:07', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j949e4p/', 'I think most merchants would consider 3-5 confirmations (Monero)/1-2 confirmations (Bitcoin) as settled', '115y2ic'], ['u/bdoc50', 28, '2023-02-19 06:09', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j94n3go/', 'Gold is gold, Monero is money if you want it to be.', '115y2ic'], ['u/learnerpen', 12, '2023-02-19 07:29', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j94ueyt/', "Merchants accept zero confirm. All the time. It's the big purchases that would recommend multi confirmations. And those parties don't mind.", '115y2ic'], ['u/EmilyLovs', 51, '2023-02-19 09:13', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j952jtk/', "Pumps XMR...declares every other crypto a scam (eye roll).\n\nRegulation is setting the stage for CBDCs coercion.\n\nCBDCs coercion will drive dark market demand.\n\nDark market demand will drive privacy assets.\n\nPrivacy assets demand will drive atomic swaps & DEX supporting privacy assets.\n\nIn the end, you'll end up a serf or a sovereign.\n\nSerfs will have their bug rations delivered via CBDCs, if they are a good obedient slave bitch.\n\nSovereigns will be operating in the dark markets.\n\nChoose your side, and establish your positions, before it becomes blatantly obvious to the mindless masses.", '115y2ic'], ['u/the_rodent_incident', 16, '2023-02-19 09:46', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j9550ix/', "Those who understand are either shadowbanned or downvoted to oblivion.\n\nThe king has no clothes. But you're not supposed to say it out loud.", '115y2ic'], ['u/aQbaPlayGames', 23, '2023-02-19 12:11', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95f6f4/', 'Gold is Gold, Btc is useless garbage on par with "first" comments under youtube videos. \nMonero is Money', '115y2ic'], ['u/Doublespeo', 12, '2023-02-19 14:05', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95o7qa/', 'There absolutly no reason to believe Bitcoin is Gold therefore Monero is money.\n\nMonero is fungible Bitcoin is not, comparing Bitcoin to Gold is just wrong.\n\nMonero is Gold, Monero is Money.\n\nBitcoin is… something else. inferior money compared to Gold, inferior stroge of value compred to Gold (fungiblity is part of the the reason but not only). \n\nIt is some sort of high friction token on a transparent ledger, not gold, not money.', '115y2ic'], ['u/Doublespeo', 12, '2023-02-19 14:08', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95ohu1/', '>\tGold is gold, Monero is money if you want it to be.\n\nWell said but I would say there is an argument to say that Monero can be comapred to gold but not Bitcoin (fungibility).', '115y2ic'], ['u/Kaltane', 10, '2023-02-19 17:36', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j96e5uk/', 'I got a bit horny with what you said.', '115y2ic']]], ['u/thepantsalethia', 'How Can I Buy Bitcoin Anonymously?', 37, '2023-02-19 02:56', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/', 'Is this even possible? Thank you.', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/', '115ygqs', [['u/iconoclast63', 13, '2023-02-19 02:57', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j940qhg/', 'Peer to peer. Find someone who has BTC and is willing to sell it to you directly.', '115ygqs'], ['u/longonbtc', 28, '2023-02-19 03:01', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j9417c5/', 'You should buy bitcoin from another person (peer to peer) if you want to buy bitcoin without providing your personal information to anyone.\n\nYou can buy bitcoin directly from someone that owns bitcoin and that is willing to sell you some. You can buy bitcoin from someone that you meet at a Bitcoin meetup that is willing to sell you some. You can buy bitcoin from a bitcoin seller that advertise on a classified ad websites like Craigslist or Gumtree. Or you can use a peer to peer cryptocurrency exchange to easily buy bitcoin directly from a person that is willing to sell bitcoin to other people.\n\nhttps://bisq.network, https://learn.robosats.com, https://agoradesk.com, https://localcoinswap.com, and https://hodlhodl.com are some of the peer to peer cryptocurrency exchanges that make it easy to find someone to buy bitcoin from peer to peer. Bisq is also open source and decentralized. \n\nAll five of those peer to peer cryptocurrency exchanges that I listed do not require you to provide any of your personal information in order to buy or sell bitcoin. Some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do request your name or ID because of certain laws or regulations. And some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do not request any of your personal information.', '115ygqs'], ['u/dbudlov', 10, '2023-02-19 13:05', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j95j4by/', 'Because only the buyer and seller know about it', '115ygqs']]], ['u/Dazzling_Lime2021', 'Bitcoin has pumped 50% within less than 2 months, that is anything but "slow" or "boring"', 107, '2023-02-19 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/', "Some people with crypto portfolios avoid investing in Bitcoin nowadays because they think it's too slow at moving. It's 14 years old, has shown it's massive gains in it's early cycles, and now provides diminished returns. But despite all that, when it does move it's still impressive. We're barely into this year, still with a bad macro environment, and Bitcoin is up 50% in a blink of an eye.\n\nYes there are plenty of alts that rise much more faster and I'm not a Bitcoin maxi, those are always fun to explore. But Bitcoin has been king for a reason, it's withstood the test of time so far and keeps chugging along. And despite all the new VC money, retail interest and new crypto companies that came up in 2021, the Bitcoin dominance hasn't hit it's lows of 2018. I think it'll probably go lower eventually but thought it was a worthwhile fact to mention.\n\nWhen no one is interested and the price is seemingly doing nothing, it shocks everyone once it gets going. Do not underestimate how quickly Bitcoin can move", 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/', '1161hjd', [['u/Scarcedflame', 27, '2023-02-19 05:34', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94jgrf/', "Idk bro if I ain't doubling my money every month what's the point", '1161hjd'], ['u/Kappatalizable', 14, '2023-02-19 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94jkq4/', '>and Bitcoin is up 50% in a blink of an eye.\n\nYou blink for 2 months? Thats impressive', '1161hjd'], ['u/FldLima', 31, '2023-02-19 06:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94m7g7/', 'This rally showed me how important is to just keep buying and ignore the swings because you will eventually catch the bottom (as well as the "top") and you WONT regret not staying in the market.\n\nWith that being said...\n\n*Deploys more money*', '1161hjd'], ['u/Flying_Koeksister', 11, '2023-02-19 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94rxdf/', 'DCA has always been my cornerstone for crypto', '1161hjd']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, February 19, 2023', 30, '2023-02-19 06:00', 'https://www.reddit.com/...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name.\nFounded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks.\nThe subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze.\nThe subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched acyrpto-specific subredditin the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, andsportingthe logo’s yellow hair.\nBut long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according toRogozinski’s filed complaint.\nReddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.”\n“Reddit’s justification was a pretext—people use Reddit to market and sell everythingfrom investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.”\nWallStreetBets Founder Wants to Make Stocks More Like Crypto\nOf the seven other claims for which the founder seeks damages—which total at least $1 million, according toReuters—Rogozinski also claimed Reddit infringed on a federally registered trademark.\nIn late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.”\nThe lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.”\nWallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin\nReddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson toldDecryptvia email. “This lawsuit is another transparent attempt to enrich himself.”\nThe company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk.\n“It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”', 'Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name. Founded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks. The subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze. The subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched a cyrpto-specific subreddit in the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, and sporting the logo’s yellow hair. But long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according to Rogozinski’s filed complaint . Reddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.” Story continues “Reddit’s justification was a pretext—people use Reddit to market and sell everything from investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.” WallStreetBets Founder Wants to Make Stocks More Like Crypto Of the seven other claims for which the founder seeks damages—which total at least $1 million, according to Reuters —Rogozinski also claimed Reddit infringed on a federally registered trademark. In late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.” The lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.” WallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin Reddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson told Decrypt via email. “This lawsuit is another transparent attempt to enrich himself.” The company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk. “It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”', 'Bitcoin fell below US$24,000 in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization on Monday in Asia. Solana posted the most gains in that list while leading memecoin Dogecoin dropped the most.\nSee related article:Japan to launch digital yen pilot programme in April\n• Bitcoin fell 2.76% in the last 24 hours to trade at US$23,927 as of 9:15 a.m. in Hong Kong, but was still up 11.9% over the past week,according to CoinMarketCap. Ethereum lost 0.97% to US$1,661, and has gained 11.2% over the past seven days.\n• Solana was up 4.6% to US$24.62, a weekly gain of 15.6%. The network has been holding its “Build through the Bear”hackathon this month, which invites community members to build on the blockchain, offering US$50,000 in USDC for the top prize. The hackathon ends on March 14.\n• Dogecoin fell 2% to US$0.087, but was still trading up 6.6% over the past seven days. XRP slipped 1.7% to US$0.38, though was still trading 3% higher for the past week.\n• The total crypto market capitalization reached US$1.13 trillion overnight, the highest since August 2022, before falling to US$1.12 trillion at 9:15 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 14.4% to US$54.9 billion.\n• U.S. equities had a mixed day of trading on Friday. The Dow Jones Industrial Average rose 0.4%, but the S&P 500 Index fell 0.3%, and the Nasdaq Composite Index closed the day down 0.6%. Wall Street will be closed on Monday for Presidents’ Day.\n• Many major U.S. retailers are slated to release their holiday seasonearnings this week, starting with Walmart Inc. and Home Depot Inc. on Tuesday.\n• The earning reports are set to
**Last 60 Days of Bitcoin's Closing Prices:**
[16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-20
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $460,642,318,000
- Hash Rate: 286131855.0869458
- Transaction Count: 270081.0
- Unique Addresses: 615969.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Cross-chain bridge protocol Stargate Finance’s native STG token surged 13% over the past 24 hours following its announced plan toteam upwith Avalanche-based decentralized exchange Trader Joe to unlock omnichain fungible tokens.
STG has recently climbed from roughly 60 cents a day ago to 92 cents. According to crypto data aggregatorCoinGecko, it has risen about 50% in the past seven days and 150% this year, outperforming most altcoins in the current broader digital asset rally.
The partnership with Trader Joemeansthat Stargate will support the increasingly popular JOE token, without requiring Trader Joe to maintain a liquidity pool on the platform. On Monday, Trader Joe announcedits integration with LayerZero, making JOE a multichain token to be natively sent between blockchains.
STG’s climb also follows the Stargate DAO’s passage of aproposaltoreissue the tokenand airdrop it to all STG holders. The decentralized autonomous organization's community had been raising concerns about protocol-owned liquidity (POL) and STG holder security stemming from its entanglement with Alameda Research, the trading arm of disgraced crypto exchange FTX.
The Stargate DAO stated in the proposal that Alameda purchased 10% of the total STG supply from the Stargate Community sale on March 17, 2022, and thencommitted to lock up all these tokensuntil March 2025. But following FTX’s meltdown, recenton-chain transfers from known Alameda walletsrevealed that "Alameda does not have full control of its wallets and that a malicious actor or hacker is misappropriating Alameda’s funds,” the Stargate DAO said.
“Without a token re-issuance, a malicious actor with access to Alameda’s private keys could claim the Stargate tokens from the contract as they vest and misappropriate them as they seem to have with other funds,” the proposal read. Stargate will reissue STG tokens on March 15.
In addition, a short squeeze over the past 48 hours has pushed STG’s price higher. Data sourced from crypto futures data platformCoinglassshowed that traders liquidated some $342,000 of STG short positions versus around $126,000 of STG long positions.
Layer 1 blockchain NEAR Protocol’sNEARtoken also rose by double-digits over the past 24 hours. NEAR was recently changing hands at $2.72, a 9% gain since Tuesday, same time. The price pump followed the protocol’s announcement that it wascollaborating with New York Universityto start a Web 3 learning workshop.SAND, the token of metaverse game The Sandbox, was down 2%, its recent momentum fading from its announcementthe Saudi Arabia Digital Government Authority would be partneringwith the platform.
Meanwhile, the two largest cryptocurrencies by market capitalization, bitcoin and ether, were recently down roughly a percentage point to hold their most recent support. Bitcoin (BTC) was trading just below $23,000, while ether (ETH) was changing hands above $1,650. TheCoinDesk Market Indexwhich measures the overall crypto market performance was also down 1.4% for the day....
- Reddit Posts (Sample): [['u/PotatoBot29', 'The VOTE on the PLAN.', 28, '2023-02-20 01:36', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/', "As you should already know, Celsius owes you your account balance on the day of the bankruptcy in dollar value. [Coin value on that day](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174911222280000000082.pdf). Examples:\n\n* If you had 1 BTC on the day of the bankruptcy (**\\~$20k**), Celsius owe you \\~$20k but it's paid in Bitcoin.\n * If Bitcoin goes to $100k, Celsius owe you 0.20 BTC (**\\~$20k**).\n * If Bitcoin goes to $1k, Celsius owe you 20 BTC (**\\~$20k**).\n* If you had $20k USDC on the day of the bankruptcy, Celsius owe you $20k USDC.\n\nThere are two groups of users that are split by a balance **under** or **over** $5k:\n\n* <$5k balance are offered 70% return of their funds.\n* \\>$5k balance is yet to be fully explained so I won't list the all the details we know of here as it's quite a bit to explain. Please check previous posts ([Celsius Plan Overview](https://www.reddit.com/r/CelsiusNetwork/comments/114lnp3/celsius_plan_overview_links/?utm_name=iossmf)), Stretto or Twitter threads from Simon Dixon or Aaron Bennett for more detailed context.\n\nI have not explained custody accounts in this post.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\n**With that out of the way, HERE'S HOW I SEE THE VOTE GOING:**\n\n* Majority YES for the <$5k balance at the date of the bankruptcy (85% of users).\n * ^(Because they're offered 70% of their account balance.)\n* Majority YES for the >$5k balance who are primarily in stablecoins.\n * ^(Because they don't lose value on their coins as the market moves up or down.)\n* Majority NO for the >$5k balance who are primarily non-stablecoins like BTC, ETH etc.\n * ^(Because most of these people are long-BTC so they will lose BTC if the market goes up.)\n\nOf course there are more details to disclose and changes can be made... but I'm curious to hear your comments about how different groups will vote. Let's keep it rational - everyone can't have an immediate cash out.", 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/', '116szno', [['u/HiddenbtsCamera', 34, '2023-02-20 01:52', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98bxgv/', 'Such a long corrupt way to go that sadly until there is actually a vote, and they sort out the removal of retail clawbacks.. I’m not sure what will be left or if these options above will remain. The best thing imo they can do is just insider clawback, liquidate and pay people what is left with the 40-60% haircut. That is it. Close and shut this the f down so people can invest their haircut at this time in the market where it’s possible to get their money back over time themselves. On their own hardware. Also, Alex is a shithead and deserves prison and horrible things', '116szno'], ['u/Kombucha-Krazy', 16, '2023-02-20 01:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98c4sd/', '"IF regulators approve..." 🙄 \n\nI\'ll be honest I\'m poor but not $5,000 poor. I\'ll likely vote NO and I\'m actually surprised how many people consider this plan some kind of good deal\n\nEdit: My reasons are personal, ofc, and I don\'t like forced buy in to another potential future rug pull. I do NOT have a 5 year time horizon, anything could happen to me any day, and even if I did manage to survive that much longer I likely could have recovered some on my own by then. I\'ve been burned too many times by the Federal Reserve Notes and hidden OGs of Wall Street hedge funds likely in the background. I do not trust any party in this Chapter 11', '116szno'], ['u/mnpc', 13, '2023-02-20 03:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98qxdd/', 'Fuck it. \n\nThey can liquidate their miners by mailing one to each of the users. \n\nThat’s more fun than a “management security token” that just grifts a management fee off what’s left of the celsius carcass.\n\nAnd that way they don’t have to set aside a bunch of what’s left of our money to start up a bunch of mining equipment contracts, leases, utility agreements, etc. \n\nYou want a convenience class? Take your antminer and some CEL tokens and go home.', '116szno'], ['u/Der_Saian', 18, '2023-02-20 06:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j996mcu/', "I have 50k in Celsius: Btc, Eth, usdc equal parts. I would take 40% liquidation right now and walk away happy. I know I will make my money back within 2 years if I put it back into btc. \nI don't trust this people as far as I can trow them. \nAlso 50k is a lot of money to me I make less than that a year.", '116szno']]], ['u/T2LV', 'All this talk of Bull market and end of winter.', 16, '2023-02-20 02:14', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/', 'Look if you have a warm winter, it’s still not summer. If you have a warm spring, not summer. A hot week in spring, not summer. If you have a really hot spring relative to normal, it’s still not summer. Just because we have a had a good start to the year, even we are bouncing back, it’s not even premature to talk bull market, it’s just a waste of your time.\nBTC, ETH below fall highs when we were in the midst of winter. 95% of alts are still 80-90% below ATH.\n\nIt’s like going on 4 dates with a girl and everything is going great. \nIs there hope? Yes.\nAre your nights of lonely masterbation behind you? Possibly….at least til marriage. \nCan you envision the relationship? Sure!\n\nBut , let’s not start looking at wedding venues and asking her if you’re “official”. Act cool like you don’t need it and you’ll be badass AF when you got it.\n\nWe are going to come out of winter at some point. It’s going to be glorious. I tend to this it might be sooner than later. But we are so far away from calling bull market, let’s just be happy we have bounced from the bottom because in 3 weeks, BTC could be 30-35k..or sub 20k. Let’s talk when we crack a decent amount above those August/September highs. \n\nI know it’s great to get excited. \nIt’s like going on 4 dates with a girl and everything is going great. \nIs there hope? Yes.\nAre your nights of lonely masterbation behind you? Possibly.\nCan you envision the relationship? Sure!\n\nBut , let’s not start looking at wedding venues and asking her if you’re “official”. Act cool like you don’t need it and you’ll be badass AF when you got it. \n\nStay warm this winter and see you all in bikini season.', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/', '116tub4', [['u/marsangelo', 12, '2023-02-20 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98f0sf/', 'Just gonna do my usual and have a beer and shitpost and buy my weekly $20 of BTC', '116tub4'], ['u/Kappatalizable', 22, '2023-02-20 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98h1kb/', 'Its fun to pretend we know what were talking about', '116tub4'], ['u/AutisticGayBear69', 14, '2023-02-20 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98nrmx/', 'I got lost at the "lonely nights of masterbation" part.', '116tub4'], ['u/Every_Hunt_160', 14, '2023-02-20 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98psxl/', "It's the 'Possibly….at least til marriage.' that did it for me", '116tub4']]], ['u/Bubbly_Chemist1496', 'Why us larger creditors might actually do okay with Novawulf', 21, '2023-02-20 02:41', 'https://www.reddit.com/r/CelsiusNetwork/comments/116uevh/why_us_larger_creditors_might_actually_do_okay/', "Hey guys, i have quite a bit stuck in Celsius (like much much more than $5000). And yes, it sucks and it looks like based on my very rough calculation we be getting at most 15% back (hopefully i'm way off the mark and we get a bit more). The rest will be in equity tokens and MSTs (i don't understand what that is) to try to fill the hold in the coming years. Now many of the redditors here are saying these equity tokens are 'worthless' and 'will go to zero' and they could be right but they could very well be wrong.\n\nthis Paul Prager guy seems like he knows about power generation /bitcoin mining\n\nfrom old media bio:\n\n*Founded in 1994, Beowulf is an independent infrastructure company that develops, builds, owns, and operates power generation and industrial infrastructure facilities worldwide. Headquartered in Maryland, the company has extensive development and operational experience in domestic and international energy markets. Beowulf has developed, constructed, acquired, and operated over $5 billion of power generation and industrial assets. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager.*\n\nHe has been in the power generating industry since 1994 and ran a mining company called Beowulf and now runs Terawulf\n\n[https://www.terawulf.com/terawulf-facilities/](https://www.terawulf.com/terawulf-facilities/)\n\n[https://www.terawulf.com/nautilus-cryptomine/](https://www.terawulf.com/nautilus-cryptomine/) this is a nuclear powered bitcoin mining facility.\n\nAnyways these guys clearly know what they are doing in terms of bitcoin mining.\n\nThe we have this company Figure, who's founder is a guy called Mike Cagney. He also started Provenance blockchain\n\n[https://provenance.io/solutions/](https://provenance.io/solutions/)\n\nVery clearly TeraWulf will be able to create a whole bunch of digital services such as credit cards with ...
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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24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47
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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:**
['By Tom Westbrook SINGAPORE, Feb 21 (Reuters) - The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it\'s warranted to push the dollar up any further. Strong U.S. labour data and sticky inflation have raised U.S. rate expectations and supported the dollar\'s rally so far this month - Tuesday\'s European and U.S. manufacturing data and Friday\'s core PCE price index will guide the next steps. After a quiet Monday thanks to the President\'s Day holiday in the United States, the dollar stood steady at 132.24 yen and $1.0687 per euro, with the common currency finding strong support above $1.06. The U.S. dollar index has climbed three weeks in a row for a gain of about 1.7% through February so far, but has steadied at 103.86, down from a six-week high of 104.67 hit on Friday. "Friday\'s inability of euro/dollar to push lower after breaking below $1.0650 rather sums up the FX market for me," said Societe Generale strategist Kit Juckes. "There are two reasons why the dollar\'s bounce is getting stuck," he added, noting that European and U.S. growth forecasts are converging and the difference in relative rate expectations is narrowing. "I suspect that further significant dollar strength will require the Fed Funds futures market to start pricing in a 50 basis point rate hike in March," he said. Fed funds futures currently imply about a 16% chance of that, while in Europe a 50 bp hike in March is all but priced in. Elsewhere currency markets were broadly steady. Gains in oil prices and a steady Chinese yuan gave support to the Australian dollar which sat at $0.6920 as traders awaited the release of minutes from the Reserve Bank of Australia\'s February meeting. The New Zealand dollar held at $0.6259 ahead of a central bank meeting on Wednesday. Markets are pricing a 50 bp hike to bring New Zealand\'s benchmark interest rate to 4.75% and are also weighing the economic impact of Cyclone Gabrielle. "As markets contemplate the cost of rebuilding and the impact that’s likely to have on inflation, insurance flows and infrastructure spending, it’s quickly becoming a potential driver of sustained New Zealand dollar strength," ANZ analysts said. Sterling was steady at $1.2042. Overnight the Swedish crown jumped as inflation turned sticky and central bank minutes showed policymakers prepared to keep hiking. Bitcoin found support after Hong Kong\'s markets regulator published proposed rules to licence crypto exchanges, seen as a step in the direction of encouraging the city\'s development as a crypto hub. ======================================================== Currency bid prices at 0007 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0681 $1.0685 -0.04% -0.32% +1.0687 +1.0681 Dollar/Yen 134.3150 133.9500 +0.00% +2.07% +134.3550 +0.0000 Euro/Yen 143.47 143.46 +0.01% +2.27% +143.5300 +143.4500 Dollar/Swiss 0.9233 0.9232 +0.03% -0.13% +0.9234 +0.9230 Sterling/Dollar 1.2031 1.2040 +0.02% -0.42% +1.2043 +1.2040 Dollar/Canadian 1.3458 1.3453 -0.01% -0.72% +1.3458 +1.3452 Aussie/Dollar 0.6904 0.6911 -0.10% +1.28% +0.6915 +0.6904 NZ Dollar/Dollar 0.6249 0.6253 -0.04% -1.57% +0.6261 +0.6250 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Shri Navaratnam)', 'By Tom Westbrook SINGAPORE, Feb 21 (Reuters) - The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it\'s warranted to push the dollar up any further. Strong U.S. labour data and sticky inflation have raised U.S. rate expectations and supported the dollar\'s rally so far this month - Tuesday\'s European and U.S. manufacturing data and Friday\'s core PCE price index will guide the next steps. After a quiet Monday thanks to the President\'s Day holiday in the United States, the dollar stood steady at 132.24 yen and $1.0687 per euro, with the common currency finding strong support above $1.06. The U.S. dollar index has climbed three weeks in a row for a gain of about 1.7% through February so far, but has steadied at 103.86, down from a six-week high of 104.67 hit on Friday. "Friday\'s inability of euro/dollar to push lower after breaking below $1.0650 rather sums up the FX market for me," said Societe Generale strategist Kit Juckes. "There are two reasons why the dollar\'s bounce is getting stuck," he added, noting that European and U.S. growth forecasts are converging and the difference in relative rate expectations is narrowing. "I suspect that further significant dollar strength will require the Fed Funds futures market to start pricing in a 50 basis point rate hike in March," he said. Fed funds futures currently imply about a 16% chance of that, while in Europe a 50 bp hike in March is all but priced in. Elsewhere currency markets were broadly steady. Gains in oil prices and a steady Chinese yuan gave support to the Australian dollar which sat at $0.6920 as traders awaited the release of minutes from the Reserve Bank of Australia\'s February meeting. The New Zealand dollar held at $0.6259 ahead of a central bank meeting on Wednesday. Markets are pricing a 50 bp hike to bring New Zealand\'s benchmark interest rate to 4.75% and are also weighing the economic impact of Cyclone Gabrielle. "As markets contemplate the cost of rebuilding and the impact that’s likely to have on inflation, insurance flows and infrastructure spending, it’s quickly becoming a potential driver of sustained New Zealand dollar strength," ANZ analysts said. Sterling was steady at $1.2042. Overnight the Swedish crown jumped as inflation turned sticky and central bank minutes showed policymakers prepared to keep hiking. Bitcoin found support after Hong Kong\'s markets regulator published proposed rules to licence crypto exchanges, seen as a step in the direction of encouraging the city\'s development as a crypto hub. ======================================================== Currency bid prices at 0007 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0681 $1.0685 -0.04% -0.32% +1.0687 +1.0681 Dollar/Yen 134.3150 133.9500 +0.00% +2.07% +134.3550 +0.0000 Euro/Yen 143.47 143.46 +0.01% +2.27% +143.5300 +143.4500 Dollar/Swiss 0.9233 0.9232 +0.03% -0.13% +0.9234 +0.9230 Sterling/Dollar 1.2031 1.2040 +0.02% -0.42% +1.2043 +1.2040 Dollar/Canadian 1.3458 1.3453 -0.01% -0.72% +1.3458 +1.3452 Aussie/Dollar 0.6904 0.6911 -0.10% +1.28% +0.6915 +0.6904 NZ Dollar/Dollar 0.6249 0.6253 -0.04% -1.57% +0.6261 +0.6250 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Shri Navaratnam)', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is starting the day in Asia at $24,815. What\'s going to drive it higher?\nInsights:A report by a Canadian judge considered the government\'s use of the Emergencies Act to quell a "Freedom Convoy" protest focused on Ottawa last year, but avoided recommending additional crypto regulation. The document may say more about officials\' ongoing uncertainties in addressing issues related to digital assets.\nChina, Enthusiasm, and Euphoria Might Drive Bitcoin to the Next Support Level\nCoinDesk Market Index (CMI)\n1,133\n−4.6▼0.4%\nBitcoin (BTC)\n$24,815\n+460.1▲1.9%\nEthereum (ETH)\n$1,701\n+18.2▲1.1%\nS&P 500\n4,079.09\n−11.3▼0.3%\nGold\n$1,851\n+10.1▲0.5%\nNikkei 225\n27,531.94\n+18.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nMonday was a holiday in the U.S. in honor of Presidents’ Day, but crypto never sleeps.\nBitcoin is opening the day in Asia up 1.9% to $24,815, while ether is up 1% to $1,701.\nChina-themed layer 1 protocols experienced quite a surge this week. Conflux is up 500% during the last week, while NEO is up 70%. Both are up around 40% in the last day.\nLast week Conflux announced it ispartnering with China Telecomto build blockchain-based SIM cards. It’s important to remember, however, that theConflux Network within Chinais a separate, tokenless,government-approved blockchainused in conjunction with thecountry’s Blockchain Service Network.\nCraig Erlam, senior market analyst at Oanda, says that solid economic data from a post-COVID-19, re-opened China is going to drive up stocks and crypto prices.\n“The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.”\nWhile crypto and stocks might be on an upward trajectory, Erlam doesn’t see gold going in the same direction.\n“Gold traders do not share the eternal optimism that equity and crypto traders possess, and recent weeks have highlighted that perfectly,” he said. “The yellow metal fell into a corrective pattern and has struggled to get out since.”\nThis week might be a slow one with the U.S. holiday on Monday and not much scheduled for economic events in the U.S. and Europe, but it could be the start of a breakout for bitcoin, with price gains based on enthusiasm alone.\n“Cryptos are seemingly existing in a world of their own, with bitcoin rising 2% again on Monday and eyeing the highs of the last week once more,” he said. “This could be a really pivotal level for bitcoin and a break of it could generate plenty more enthusiasm. And we\'ve all seen what happens when enthusiasm and euphoria exist in cryptos.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stell
**Last 60 Days of Bitcoin's Closing Prices:**
[16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-21
**Financial & Commodity Data:**
- Gold Closing Price: $1833.00
- Crude Oil Closing Price: $76.16
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $477,159,257,250
- Hash Rate: 325061359.18040776
- Transaction Count: 290457.0
- Unique Addresses: 654981.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin miner Bitfarms (BITF) might have already, or may in the future, stop making installment payments on a $20 million loan from bankrupt crypto lender BlockFi, effectively defaulting on the loan, the firmsaid in a press releaseon Friday. As a result, Bitfarms is looking to modify the loan.
The original loan for $32 million was signed in February 2022 by Backbone Mining Solutions, a Bitfarms company that operates a 20 megawatt (MW) mining site in Washington state.
The loan now has $20 million outstanding and is secured by only $5 million in assets, in the form of some mining machines and the bitcoin they produce. So the miner is looking for more favorable terms on the loan and reducing its obligations.
"Neither a restructuring on more beneficial loan terms nor a reduction in BMS’s indebtedness is assured," the Friday press release said.
Canada-based Bitfarms has beenworking to reduce its loans, but still has $47 million outstanding, including the loan with BlockFi.
Miners have been haunted by their heavy debt obligations in a bear market that has seen the value of their collateral, usually crypto assets and mining machines, plummet. Two of the biggest firms in the industry, Compute North and Core Scientific (CORZ), have filed for Chapter 11 bankruptcy protection.
As of the end of 2022, Bitfarms had $36 million in cash and unencumbered crypto.
The stock is down over 5% at 95 cents in pre-market trading.
Read more:Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market...
- Reddit Posts (Sample): [['u/Dune7', 'After BTC, someone ports Ordinals to LTC. Is this good for Bitcoin Cash?', 22, '2023-02-21 00:09', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/', '> A GitHub user by the name of ynohtna92 has forked the Bitcoin Ordinals protocol to support Litecoin. Some adjustments to the ordinal number scheme (sat count) were necessary for the fork to be implemented. To align with the recent Litecoin MWEB upgrade, the user inscribed the mimble wimble white paper onto the first Litecoin Ordinal.\n\n> \\- u\\/coinfeeds-bot wrote in r\\/cryptocurrency\n\nThe following comments were observed on Reddit:\n\n> "[If Ordinals breaks Litecoin, then it is not anti-fragile.](https://np.reddit.com/r/litecoin/comments/116ukuj/anthonyonchain_ports_ordinals_to_litecoin_mweb/j9azeiu/)" - u/indigo_nakamoto in r\\/litecoin\n\n> "[350KB image cost me $0.10, and to do the same thing right now on Bitcoin is about $550](https://np.reddit.com/r/CryptoCurrency/comments/117dhm4/someone_forked_bitcoin_ordinals_nfts_onto/j9bgvcp/)" - same user, in r\\/cryptocurrency\n\n> "And what is the benefit?" - another user in the same thread\n\nAnd for historical perspective:\n\n> "[...] [the very real benefit Litecoin has long had with its anti-spam mechanism making transactions that do happen to not be crowded out by worthless spam outputs.](https://github.com/litecoin-project/litecoin/issues/194#issuecomment-99261120)" - Warren Togami, developer on BTC and LTC, responding to a question about blocksize on Litecoin in 2015\n\nGuess we have to wait and see what happens when cheap blockspace meets the "storing data on the blockchain" crowd.\n\nI get flashbacks to what happened to BSV, but LTC and BTC developers are probably not going to let things get quite so bad.\n\nBut if blocks can be filled up by Ordinals cheaply, then financial transactions must pay more - or move to other chains where they are more economical.\n\nLTC still has MWEB (extension block for confidential transactions). But this was supposed to be strictly optional -- some services incl. well known exchanges do not support these private transactions.\n\nIf regular financial transactions on LTC will be crowded out by arbitrary data, then this would be bad news for financial transactions on LTC, to a surprisingly large degree.\n\nWhy?\n\n> MW does come with its own disadvantages. For example, transactions must be built interactively. It is also not script-based which makes it impossible to implement as a typical soft-fork. This also makes private Litecoin transactions BOLT incompatible and currently unsuitable for the Lightning Network being developed on top of Bitcoin and Litecoin. \n\nSource: https://github.com/litecoin-project/lips/blob/master/lip-0003.mediawiki#rationale-for-mimblewimble\n\nI think you can figure out the implications!\n\np.s. Bullish on Bitcoin Cash :)', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/', '117nme2', [['u/knowbodynows', 11, '2023-02-21 02:59', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9d9yva/', '> LTC and BTC developers are probably not going to let things get quite so bad.\n\nAnd what can they do exactly?\n\nIf there\'s a monkey on the LTC chain then it\'s *done* and they *have!* \n\n**This is the most gentelmen news I\'ve heard since, well, the word "ordinals" last month.**\n\nThe first ape pic on LTC will be the first jpg \'nft\' I\'m interested to bid on, the \'silver\' that catalyzed the end of \'gold.\' \n\n[Picture of bicycle rider shoving monkey painting into his front spokes]', '117nme2'], ['u/KallistiOW', 10, '2023-02-21 06:42', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9dzmni/', '- no segwit, the "inscriptions" are being stuffed into the discounted witness part of the block, BCH doesn\'t have this\n\n- BCH has a 1mb transaction size limit, beyond that nothing really stops someone from putting whatever they want in that 1mb', '117nme2'], ['u/ftrader', 12, '2023-02-21 10:03', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9efkwd/', "You're both right...\n\nData carrier size on BCH is still limited (up to 223 bytes ([220 of which can be used for payload](https://upgradespecs.bitcoincashnode.org/CHIP-2021-03-12_Multiple_OP_RETURN_for_Bitcoin_Cash/)), possibly shared by more than one OP_RETURN since CHIP-2021-03-12_Multiple_OP_RETURN_for_Bitcoin_Cash.\n\nMaximum transaction sizes are still as they were set during the fork in 2017.\n\nhttps://upgradespecs.bitcoincashnode.org/uahf-technical-spec/#req-5-max-tx-max-block-sigops-rules-for-blocks-1-mb\n\nThat means:\n\n- maximum _standard_ size of a tx is 100KB (this is the maximum that will propagate regularly on the network),\n\n- maximum size of tx per consensus is 1MB, i.e. 10 times that, but this can only be mined by getting the cooperation of a miner since non-standard transactions do not propagate on the network.\n\nThere are no current ChIPs to increase these parameters which have served Bitcoin Cash quite well (could say they're rather battle tested).", '117nme2'], ['u/ftrader', 11, '2023-02-21 10:15', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9egdha/', 'NFTs via native tokens (CashTokens) become possible on BCH in May 2023 (this year).\n\nPeople cared about it :)', '117nme2']]], ['u/No-Comparison-8804', 'The only way to make money in crypto.', 24, '2023-02-21 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/', "I will share the strategy that helped me grow my portfolio from 3k to 20k, which I plan to use again. I've tried leverage trades and options, and it never works out. The steps are as follows:\n\n1. find a few promising cryptocurrencies with strong fundamentals and projects that you believe in, such as ETH, MATIC, XRP, and of course, BTC.\n2. Transfer these coins to a wallet and write down the seed phrase on a piece of paper, keeping it safe in a secure location. don't get too fancy with this, just write it as follows and maybe try to memorize it for extra backup down the road.\n3. Delete any trading apps or websites you use, and disconnect from all cryptocurrency news, forums, and other sources of market information. Avoid checking the market altogether.\n4. Don't gamble your crypto. Like stated above, anything with risky leverage is just gambling, but also don't fall for predatory crypto casinos, YOU WILL ALWAYS LOSE.\n5. Make a plan to DCA (or don't) to keep adding small amounts here and there and build your portfolio over time. \n6. Enjoy your life for a few years, free from worries about your crypto investments. Pursue your interests and have fun.\n7. After a few years, check the value of your portfolio and use your newfound wealth to purchase whatever you desire.\n\n\nTLDR:\nDCA, DCA, DCA. Don’t get fancy.\n\nEdit: I didn’t expect to teach anyone something new here. I’m just reiterating the only proven way to be sustainable and play the long game correctly.", 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/', '117p22y', [['u/reddito321', 12, '2023-02-21 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cw1au/', 'We’re here to **buy high and sell low**, no idea what this “making money” thing of yours is', '117p22y'], ['u/Maxx3141', 17, '2023-02-21 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cwa69/', "I agree with 1 and 2, but I don't think you have to disconnect yourself from the entire crypto world. I'm holding for years, and I'm very active in the crypto space.\n\nWith time you will learn to ignore the FOMO and fear and become sceptical enough to not jump into any new alt coin.", '117p22y'], ['u/_cipherunknown', 74, '2023-02-21 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cy2fs/', 'Step 0: Have spare FIAT to invest with', '117p22y'], ['u/Maleficent-Ad-8763', 12, '2023-02-21 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cyqvu/', 'The most important one!!', '117p22y']]], ['u/TheOtherCoolCat', 'Wayback in time, quick look at Dogecoin', 26, '2023-02-21 03:05', 'https://www.reddit.com/r/CryptoCurrency/comments/117rhz9/wayback_in_time_quick_look_at_dogecoin/', 'Some days ago I was totally surprised to find out that Dogecoin was actually created back in 2013. \n\nCreated by Billy Markus and Jackson Palmer. It was officially launched on December 6, 2013 and had over a million visitors on its website within its first month. On December 19, 2013 it already had a large pump rising from $0.00026 to $0.00095 (nearly 300%). Then 3 days later it crashed, losing 80% of its value.\n\n[the background had words popping up in a manner of the doge meme \\\\"such currency\\\\"](https://preview.redd.it/txf2spsb3gja1.png?width=1920&format=png&auto=webp&v=enabled&s=cd07e7ed006e63662a83af72ca94c99737fdf0e0)\n\nThere\'s a lot of history behind the coin. With hacks, large pumps and the community getting together to "SaveDogemas", to help those who had their coins stolen.\n\nI won\'t be going deep into the story behind Doge. I was more curious about when Dogecoin started appearing on the top50 list. The earliest date that I could find on CoinMarketCap where Dogecoin appears in the top50 is December 18, 2013. \n\nMarket Caps 18-dec \nBTC: $6,781,166,595 \nLTC: $406,447,486 \nDOGE: $2,157,056 \n\nhttps://preview.redd.it/hv320uby4gja1.png?width=921&format=png&auto=webp&v=enabled&s=24af349639a9ad16b2681a38e1f49eb0587459c3\n\nThen within a few days on December 21 it had already tripled its market cap and rose to 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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24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin can\'t seem to break past the $25K mark. But when it does, $30K is the next important milestone. Here\'s why. Insights: Some of crypto\'s China narrative is old, some of it is new. Is the market treating this irrationally? Prices $30,000 is Bitcoin\'s Next Important Milestone CoinDesk Market Index (CMI) 1,130 −6.2 ▼ 0.5% Bitcoin (BTC) $24,405 −404.6 ▼ 1.6% Ethereum (ETH) $1,661 −39.3 ▼ 2.3% S&P 500 3,997.34 −81.8 ▼ 2.0% Gold $1,845 +4.8 ▲ 0.3% Nikkei 225 27,473.10 −58.8 ▼ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is lingering around $24,400 as Asia begins its business day, down 1.6% in the last 24 hours. Ether has also experienced a slight correction too, down 2.3% to $1,661. Some of the "China coins" that surged over the last week are also seeing a slight correction. Conflux (CFX), which is up a staggering 485% during the last week, is down 4.7% on the day. Gareth Soloway, chief market strategist at Verified Investing, says the China narrative continues to be what’s attracting new bitcoin buyers. “The big question is, in spite of interest rates going up and the dollar gaining strength, is there a catalyst that can push it over [$25,000]?” he said during an interview on CoinDesk TV. “I think this narrative out of Hong Kong could be something that helps.” Soloway points to the 200-weekly moving average as being $25,000, which creates a strong resistance level with some headwinds. “If we can punch through $25,000 and get above that level, it’s a straight shot to $30,000,” he said. That figure is important because in 2021, he says, $30,000 was the midpoint low for the year. Prices came down from an April 2021 high of $60,000 to $30,000 at the end of July before rallying back to around $69,000 in November. “If we can retrace and get back above $30K, that would solidify that the lows are in for crypto,” he said. “I still think that there are some nervous issues out there the market has to resolve, but $30K being recaptured would put that to rest.” Story continues Biggest Gainers Asset Ticker Returns DACS Sector Avalanche AVAX +2.4% Smart Contract Platform Stellar XLM +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −5.4% Smart Contract Platform Decentraland MANA −4.6% Entertainment Gala GALA −4.5% Entertainment Insights Any token that’s China-related is currently off to the moon. Conflux (CFX) has risen 467% during the last week, according to CoinGecko data , while NEO is up 51% and filecoin (FIL) is up 60%. The "China narrative" has been used to sell the next bull market. But what exactly is this narrative? Some of it is new, some of it is old. And some of it is more hype than substance. Hong Kong and retail crypto traders Hong Kong’s Securities and Futures Commission (SFC) is starting a consultation process for licensing crypto exchanges to serve retail investors . The SFC spent the last few years working on a consultation plan for Professional (accredited) investors, which goes live on June 1 . Stablecoins are also set to be regulated in the city, and it\'s likely that they will be using locally incorporated institutions and trusts. CoinDesk has asked Tether, Circle and Paxos if they would be interested in applying to be regulated under Hong Kong’s proposed stablecoin regime – so far none have responded. Don’t expect super-leveraged crypto degeneracy when this launches. Regulators are talking about things like "approved tokens" and "risk profile." This is likely going to be a controlled, calm walled garden of crypto. Crypto is already widely available in China Officials from China’s Liaison Office are apparently interested in Hong Kong’s progress with crypto, and have been reportedly stopping by conferences and meetups in the City. Some say that this is a blessing. China can study Hong Kong’s approach to crypto much like it learned from Hong Kong about open markets. Still, there is no shortage of crypto available in China, through domestic payment rails. (OKX) (Binance) Both OKX and Binance offer active over-the-counter crypto markets for USDT, ether, bitcoin and other major cryptos. Payment is done via WeChat or a domestic bank transfer. Anyone who wants crypto in China already has it. Conflux and blockchain SIMs Part of Conflux’s sharp rise has been attributed to its announcement that it is working with China Telecom to build blockchain-based SIM cards , complete with all the Web3 terminology to get people excited like metaverse and proof of work. But Blockchain SIM cards aren’t anything new. This isn’t China Telecom’s first attempt at it. Back in 2018, China’s telecoms started to explore blockchain technology. In 2019, China Telecom began pitching the idea of a blockchain SIM with the buzzwords of the day: internet of value, internet of things, 5G. A deck advertising the technology from 2020 talked about how digital ledgers could help carriers reconcile billings. A spokesperson for China Telecom didn’t respond to a request for more technical details by press time. Around the same time, Verizon won a patent for a blockchain-based SIM card it was calling vSIM. Verizon’s exact approach didn’t win out, and what it was describing has become eSIMs . It’s also important to remember the Conflux operating within China isn’t the same Conflux you access with the CFX token. The version of Conflux that has been funded by various provincial governments in China, such as Hunan and Shanghai’s city government, doesn’t have a token and uses a made-in-China encryption protocol. The same team is behind it, and the tech is mostly the same, but China’s version of the chain doesn’t touch the global version. Tony Ling, a China-based partner at Bizantine Capital, calls Conflux a “one country, two systems” blockchain, noting that its chain and performance is strong but development has been restricted due to compliance with domestic policy. “It has no [cryptocurrency] in China, it may be somewhat different from traditional public chains,” he said. “Conflux is the only public chain recognized by the government in China.” What’s old is new again Finding the catalyst for China’s crypto boom is tough. Hong Kong allowing retail crypto is a long way off. Authorities there are only in the consultation stage, and even when it launches it\'s going to be a controlled environment. That said, crypto is already widely available in China, albeit through gray channels like OTC desks. But it’s as simple as using a virtual private network to access Binance or OKX then completing a transaction with WeChat Pay. Conflux has been around for a while. Blockchain SIMs aren’t a new idea and haven’t yet taken off. Maybe it’s just the economy? China’s "home team" tokens are rising because the stock market is up. Craig Erlam, a senior market analyst at Oanda, outlined this thesis in an earlier interview with CoinDesk. “The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.” The Hang Seng Index is up 4% in the last six months as the market looks forward to China’s post-COVID-19 reopening and domestic consumption coming back. Time to see how strong the correlation with crypto is. Important events 9:00 a.m. HKT/SGT(1:00 UTC) New Zealand Monetary Policy Statement 3:00 p.m. HKT/SGT(7:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/Jan) 6:00 p.m. HKT/SGT(10:00 UTC) United States Federal Open Markets Committee Minutes CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : BNB-Bitcoin Ratio Falls to Lowest Level Since August; Custodia Bank CEO on State of Crypto Regulation BNB, the native token of the Binance-initiated blockchain network BNB Chain, is losing ground against bitcoin (BTC) in the wake of regulatory action against Binance-branded dollar-pegged stablecoin BUSD. Bitwise Asset Management President Teddy Fusaro shared his analysis. Plus, Custodia Bank founder and CEO Caitlin Long discussed the state of U.S. crypto regulation. And, Tribe Capital managing partner Boris Revsin explained how venture capital firms are investing in the wake of FTX. Headlines Crypto Markets Analysis - Bitcoin Breaches Rare ‘Golden Cross’ Threshold : The crossing of bitcoin’s 50- and 200-day moving averages has historically been a bullish indicator. Coinbase Q4 Revenue and Earnings Beat Expectations, but Transaction Volume Falls 12% From Q3 : The crypto exchange reported its fourth-quarter earnings on Tuesday after the close. What Are VCs Funding After FTX? More Decentralized Infrastructure : Infrastructure projects and regulatory-resistant protocols have attracted cautious investors. Polygon Labs Cuts 20% Workforce, Almost 100 Jobs : The firm said that the job cuts are part of its consolidation earlier this year. CoinShares Sees 2022 Income Plunge 97% to $3.6M : CoinShares said it had GBP 26 million of its assets on FTX at the time the exchange halted withdrawals.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin can\'t seem to break past the $25K mark. But when it does, $30K is the next important milestone. Here\'s why.\nInsights: Some of crypto\'s China narrative is old, some of it is new. Is the market treating this irrationally?\n$30,000 is Bitcoin\'s Next Important Milestone\nCoinDesk Market Index (CMI)\n1,130\n−6.2▼0.5%\nBitcoin (BTC)\n$24,405\n−404.6▼1.6%\nEthereum (ETH)\n$1,661\n−39.3▼2.3%\nS&P 500\n3,997.34\n−81.8▼2.0%\nGold\n$1,845\n+4.8▲0.3%\nNikkei 225\n27,473.10\n−58.8▼0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. U
**Last 60 Days of Bitcoin's Closing Prices:**
[16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-22
**Financial & Commodity Data:**
- Gold Closing Price: $1832.00
- Crude Oil Closing Price: $73.95
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $465,135,761,025
- Hash Rate: 272506528.65423405
- Transaction Count: 282319.0
- Unique Addresses: 660490.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.59
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, Feb. 13, 2023 (GLOBE NEWSWIRE) --GSR II Meteora Acquisition Corp.(NASDAQ: GSRM) (“GSRM”), a special purpose acquisition company, andLux Vending, LLC dba Bitcoin Depot®(“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, announced today that the proxy statement dated February 8, 2023 (the “Proxy Statement”) relating to GSRM’s Special Meeting of Stockholders (the “Special Meeting”) at which stockholders will be asked to, among other things, approve the previously announced proposed business combination (the “Business Combination”) with Bitcoin Depot is still under review by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, GSRM will not hold the Special Meeting until the SEC has completed its review process and will not solicit proxies until that time. Any proxies submitted prior to such completion will not be counted. GSRM expects to submit one or more supplements to the Proxy Statement, including one disclosing when the review process is complete.
About Bitcoin Depot
Bitcoin Depot was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into cryptocurrency, which users can deploy in the payments, spending and investing space. Users can convert cash to cryptocurrencies at Bitcoin Depot’s kiosks and at thousands of name-brand retail locations through BDCheckout. The company has the largest market share in North America with approximately 7,000 kiosk locations. Learn more atwww.bitcoindepot.com.
On August 24, 2022, Bitcoin Depot and GSR II Meteora Acquisition Corp. (“GSRM”), a special purpose acquisition corporation, entered into a definitive agreement for a business combination that would result in Bitcoin Depot becoming a public company listed on the Nasdaq under the ticker symbol “BTM.”
About GSR II Meteora Acquisition Corp.
GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) is blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Our management team is led by co-CEOs Gus Garcia and Lewis Silberman, President Anantha Ramamurti and CFO Joseph Tonnos. The company was formed in partnership with Meteora Capital, an investment adviser specializing in SPAC-related investments. For additional information, please visitwww.gsrmet.com.
Not an Offer
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and expectations and timing related to potential benefits, terms and timing of the proposed business combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Bitcoin Depot’s and GSRM’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Bitcoin Depot and GSRM. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of GSRM or Bitcoin Depot is not obtained; failure to realize the anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with respect to Bitcoin Depot; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Bitcoin Depot’s ability to manage future growth; Bitcoin Depot’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Bitcoin Depot’s future business; the amount of redemption requests made by GSRM’s public shareholders; the ability of GSRM or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in GSRM’s final initial public offering prospectus dated February 24, 2022, its most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 and the definitive proxy statement dated February 8, 2023, in each case, under the heading “Risk Factors,” and other documents of GSRM filed, or to be filed, from time to time with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Bitcoin Depot nor GSRM presently know or that Bitcoin Depot and GSRM currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Bitcoin Depot’s and GSRM’s expectations, plans or forecasts of future events and views as of the date of this press release. Bitcoin Depot and GSRM anticipate that subsequent events and developments will cause Bitcoin Depot’s and GSRM’s assessments to change. However, while Bitcoin Depot and GSRM may elect to update these forward-looking statements at some point in the future, Bitcoin Depot and GSRM specifically disclaim any obligation to do so except as otherwise required by applicable law. These forward-looking statements should not be relied upon as representing Bitcoin Depot’s and GSRM’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information About the Proposed Business Combination and Where to Find It
The proposed business combination will be submitted to shareholders of GSRM for their consideration. Copies of the definitive proxy statement (a filing of which has been made with the SEC) were mailed to all GSRM shareholders of record as of February 3, 2023, the record date established for voting on the proposed business combination, beginning on February 8, 2023. GSRM plans to file other documents with the SEC and mail other relevant documents to its shareholders of record as of the record date regarding the proposed business combination. GSRM’s shareholders and other interested persons are advised to read the definitive proxy statement and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC, in connection with GSRM’s solicitation of proxies for its special meeting of shareholders to approve, among other things, the proposed business combination, because these documents will contain important information about GSRM, Bitcoin Depot and the proposed business combination. Shareholders may also obtain a copy of the definitive proxy statement, as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by GSRM, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Cody Slach or Alex Kovtun, (949) 574-3860,[email protected].
Participants in the Solicitation
GSRM, Bitcoin Depot and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from GSRM’s shareholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation GSRM’s shareholders in connection with the proposed business combination is set forth in the definitive proxy statement that has been filed with the SEC. You can find more information about GSRM’s directors and executive officers in GSRM’s final initial public offering prospectus dated February 24, 2022 and filed with the SEC on February 28, 2022. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are included in the definitive proxy statement and other relevant materials filed with the SEC. Shareholders, potential investors and other interested persons should read the definitive proxy statement caref...
- 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.
|
23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TORONTO , Feb. 22, 2023 /CNW/ - Evolve Funds Group Inc. (" Evolve " or the " Manager ")\xa0announces the appointment of Coinbase as sub custodian for all digital assets, effective February 22, 2023 . Evolve offers investors access to digital assets through the Bitcoin ETF, Ether ETF and Evolve Cryptocurrencies ETF which trade on the TSX under the ticker symbols, EBIT, ETHR and ETC, respectively. With combined assets over $148 million , these ETFs provide investors with exposure to the daily price movements of the U.S. dollar price of Bitcoin and Ether, by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. No changes have been made to the investment objectives or strategies of these ETFs, as a result, of the sub custodian appointment. With over $100 billion in assets on platform, Coinbase has approximately 108 million verified users and 245,000 ecosystem partners in over 100 countries that securely invest, spend, save, earn, and use crypto . About Evolve Funds Group Inc. With over $5.2 billion in assets under management, Evolve is one of Canada\'s fastest growing ETF providers since launching its first ETF in September 2017.\xa0 Evolve specializes in bringing innovative ETFs to Canadian investors.\xa0 Evolve\'s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world\'s leading investment managers.\xa0 Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. \xa0For more information, please visit www.evolveetfs.com . Join us on social media: Twitter | LinkedIn | Facebook Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs. Please read the prospectus before investing. Story continues Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve ETFs Cision View original content: http://www.newswire.ca/en/releases/archive/February2023/22/c0820.html', 'TORONTO , Feb. 22, 2023 /CNW/ - Evolve Funds Group Inc. (" Evolve " or the " Manager ")\xa0announces the appointment of Coinbase as sub custodian for all digital assets, effective February 22, 2023 . Evolve offers investors access to digital assets through the Bitcoin ETF, Ether ETF and Evolve Cryptocurrencies ETF which trade on the TSX under the ticker symbols, EBIT, ETHR and ETC, respectively. With combined assets over $148 million , these ETFs provide investors with exposure to the daily price movements of the U.S. dollar price of Bitcoin and Ether, by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. No changes have been made to the investment objectives or strategies of these ETFs, as a result, of the sub custodian appointment. With over $100 billion in assets on platform, Coinbase has approximately 108 million verified users and 245,000 ecosystem partners in over 100 countries that securely invest, spend, save, earn, and use crypto . About Evolve Funds Group Inc. With over $5.2 billion in assets under management, Evolve is one of Canada\'s fastest growing ETF providers since launching its first ETF in September 2017.\xa0 Evolve specializes in bringing innovative ETFs to Canadian investors.\xa0 Evolve\'s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world\'s leading investment managers.\xa0 Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. \xa0For more information, please visit www.evolveetfs.com . Join us on social media: Twitter | LinkedIn | Facebook Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs. Please read the prospectus before investing. Story continues Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve ETFs Cision View original content: http://www.newswire.ca/en/releases/archive/February2023/22/c0820.html', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dropped near $23,600 following the release of less than encouraging minutes from the FOMC January meeting but rebounded along with other major cryptos later in the day.\nInsights:Hundreds of fake ChatGPT tokens are luring crypto investors. The issuers of these tokens are looking to take advantage of the craze surrounding the this technology innovation.\nCoinDesk Market Index (CMI)\n1,121\n−7.1▼0.6%\nBitcoin (BTC)\n$24,164\n−233.3▼1.0%\nEthereum (ETH)\n$1,641\n−17.5▼1.1%\nS&P 500\n3,991.05\n−6.3▼0.2%\nGold\n$1,834\n+1.3▲0.1%\nNikkei 225\n27,104.32\n−368.8▼1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Sinks Than Rallies Above $24.1K After FOMC Minutes\nStirred but not shaken, crypto markets dropped a little on Thursday, rose some but remained in the red after the U.S. central bank\'s Federal Open Market Committee (FOMC) released minutes that were short of encouraging.\nBitcoin was recently trading at $24,164, down 1% over the last 24 hours. The largest cryptocurrency by market capitalization dropped near $23,600 in the immediate aftermath of the FOMC report, which noted slowing growth – a boon for investors hoping for more dovish Federal Reserve monetary policy – but also data suggesting that inflation and the prospects of a harsh recession remained real, pleasing monetary hawks.\n"Everyone\'s wary of what\'s to come over the course of this year," Jake Boyle, chief commercial officer at crypto brokerage Caleb and Brown, said on CoinDesk TV. "At this point, it looks like the stance has become more conservative on the basis that 25 basis points is less impactful than 50, but it\'s critical that we all remember that it is still going up, which means that the solution is clearly not there."\nBoyle added: "Paired with the regulatory uncertainty that the crypto space is seeming to have these days, it would be fair for us to make the assumption that there is going to be further volatility and unexpected announcements over the course of this year."\nEther was recently changing hands at $1,641, off 1.1% from Tuesday, same time. Yet CoinDesk analyst Glenn Williams noted that BTC and ETHwere divergingon a different front, with investors sending bitcoin to exchanges and removing ether from them. The moves have signaled bearish sentiment for bitcoin and bullishness for ether, a departure from their usual correlation. Separately, on Tuesdaylayer 2 scaling system ArbitrumsurpassedEthereum in daily transactions, increasing Arbitrum’s dominance as the leading layer 2 rollup.\nOther major cryptos were mixed with some ticking up a little but others slightly in the green, although APT, the token of layer 1 platform Aptos, recently climbed more than 6%.\nStocks fell amid the same inflationary and recessionary fears that have bedeviled markets for the past few days with the S&P 500, which has a tech-heavy component, dropping 0.2%, its fourth consecutive daily decline, and the technology-focused Nasdaq and Dow Jones Industrial Average (DJIA) also edging down slightly.\nCrypto news ranged from upbeat to reminders of cryptos\' nearly 15 months of sturm and drang. Investment banking giant JPMorgan said in a research report that crypto exchange Coinbaseis well positionedto deliver notable year-on-year improvement in EBITDA." But a legal filing by the U.S. Federal Trade Commissions said that the agencyhas startedan investigation into bankrupt crypto lender Voyager Digital and its executives for deceptive marketing of cryptocurrency.\nIn an email to CoinDesk,Anthony Georgiades, co-founder
**Last 60 Days of Bitcoin's Closing Prices:**
[16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-23
**Financial & Commodity Data:**
- Gold Closing Price: $1818.00
- Crude Oil Closing Price: $75.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $472,893,351,344
- Hash Rate: 332847259.9991002
- Transaction Count: 290728.0
- Unique Addresses: 693262.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The New York Attorney General Letitia James issuingAlex Mashinsky, co-founder and former CEO of bankrupt crypto lender Celsius Network, alleging he defrauded hundreds of thousands of investors, including 26,000 New Yorkers.
The lawsuit claims that Mashinsky of lying to investors, concealing Celsius’s financial problems, and failing to meet state law registration requirements under his watch.
"The law is clear that making false and unsubstantiated promises and misleading investors is illegal," James said in a statement. "Today, we are taking action on behalf of thousands of New Yorkers who were defrauded by Mr. Mashinsky to recoup their losses."
Celsius Network was a lending platform that took in crypto and cash deposits from retail investors, and then lent them out to institutional investors to pay customers high rates of interest.
In its statement, the New York AG's office said: "Mashinsky repeatedly claimed that Celsius made safe, low-risk investments and only lent assets to credible and reputable entities. However, investors' assets were routinely exposed to high-risk counterparties and strategies, many of which resulted in losses that Mashinsky concealed from investors."
The business plan officially fell through at the beginning of June when the company froze customer withdrawals. Celsiusfiled for bankruptcy protectionat the beginning of July.
At Celsius' petition date, the company had approximately 600,000 accounts in its Earn program, which carried a market value of $4.2 billion as of July 10, which included $23 million in dollar-pegged stablecoins. The company also reported a $1.2 billion gap between its assets and liabilities.
New York's suit follows similar suits against crypto lenderNexoin September and its $1 millionsettlementwith the now bankrupt lender, BlockFi.
Following Celsius' July petition,dozens of customers filed letters to the court arguing Mashinsky had misled them.
According to the lawsuit, on several occasions Mashinsky’s statements ran contrary to the company’s risk management hygiene. For example, the lawsuit and at least one customer cited a CNBC interview on April 13, where he said the company doesn’t “offer any non-collateralized loans.”
However, it also increased exposure to uncollateralized loans between 2020 to June 2022, making those riskier loans to at least 19 different counterparties including Alameda Research and Three Arrows Capital, the suit alleged.
Mashinskyresignedin late September saying his role as CEO had "become an increasing distraction."
A bankruptcy judge overseeing Celsius’ chapter 11 proceedingsruledWednesday that deposits Celsius customers put into its Earn program belong to the bankruptcy estate, not its customers.
The company’s Terms of Use was acknowledged by the judge as a “contract governed by New York law,” which meant Celsius held “all right and title to such Eligible Digital Assets, including ownership rights” in the cryptocurrency assets (including stablecoins), according to the order.
Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs
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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.
|
23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['FOMO3D: Arbitrum Developers hope to bring DeFi "to its knees" and leave players begging for more BOSTON MA, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Over 18 months since it’s release, Arbitrum is getting the attention many of its supporters have been looking for: the high-speed, low-fee, Layer-2 Ethereum rollup network has overtaken Binance Smart Chain (BSC) in terms of daily volume . After performing neck-and-neck for much of 2023, it would appear that Arbitrum has peeled off a decent percentage of the popular centralized-decentralized network’s userbase. In other words, BSC users are feeling the fear of missing out (FOMO) on Arbitrum, which couldn’t come at a better time for the developers of the token PoSH4D (P4D) and its game component, FOMO3D: Arbitrum. Despite quietly launching PoSH4D (P4D) on February 21 st , word of the token’s release—and anticipation of the upcoming game—spread like a virus among the Arbitrum community, driving the marketcap of P4D to $350k within the first 24 hours. Why such a demand for a token with so little fanfare? Well, the project is a direct homage to the original Ethereum game FOMO3D , and if trends continue and the team can continue to deliver on their promises (so far they\'ve touted their staking platform for token-holders), FOMO3D Arbitrum could become the biggest Web3 game of 2023. "Time is a Flat Circle" The original FOMO3D was released in mid-2018, during a downturn in the cryptocurrency market: Bitcoin’s price had plunged by a third from the beginning of the year, selloffs worsened in the face of massive exchange hacks, rampant initial coin offering (ICO) scams, and rumors of incoming government regulations. However, while many in the community were overcome with doom and gloom, developers of Team JUST couldn’t help but laugh at the absurdity. FOMO3D was created as a satirical game based on the cutthroat environment that marked the 2018 “crypto winter:” the game billed itself as an “exit scam”–much like the aforementioned ICO schemes–where players purchased “private keys”–a reference to the hacked wallets that ruined several crypto exchanges that year. The game was a massive success, and the winner of the first round walked away with 10k ETH, (now valued at $17 million dollars). Given the tumultuous last year for the crypto market, it should come as no surprise that, half a decade later, in another uncertain market, the game’s themes still resonate with developers and investors alike. Story continues "DeFi, DeFi Never Changes" “There’s so many examples: Do Kwon and Terra Luna , bridge hacks like Ronin and Wormhole , and of course SBF [Sam Bankman-Fried] and FTX ,” said a spokesman for FOMO3D Arbitrum, rattling off the names of some the worst offenders in crypto of 2022 like a list of MVP athletes. “Hopefully the crypto winter put a freeze on newcomers trying to fleece the space, but in the meantime, we just want to get people’s blood pumping again, and we think Arbitrum is the perfect place for a project like this.” The spokesman opined, referring to the rollup’s adjacency to the gargantuan amounts of liquidity held on Ethereum, as well as the low cost and high speed of transactions. “Doing a revival of FOMO3D on Ethereum is impossible nowadays: even with the Merge upgrade, gas costs still regularly hit $80 per transaction and transactions can take minutes to go through, you can’t run a blockchain game like that.” Though the game is no longer on Ethereum, the developers did include a nod to the upgrades to the network, “the original was called ‘proof of weak hands,’ a play off the acronym for proof-of-work; as a nod to Ethereum moving to proof-of-stake, our revival is ‘proof of strong hands.’ Besides, if you’re still holding crypto after last year, you’ve gotta have strong hands, just how strong our community’s hands are will have to wait until the game comes out this weekend.” P4D CA: 0xEFc43Cf79f406D62960e34d3a62c729a0EEbEC4b P4D Chart: https://dexscreener.com/arbitrum/0xf4037ae51505d3c1f8f03f2916cd52136f0968b3 P4D Staking/FOMO3D dApp preview: https://dapp.fomo3darb.com/ Twitter: https://twitter.com/fomo3darbitrum Docs: https://docs.fomo3darb.com/ Medium: https://medium.com/@arbitrum3d/fomo3d-arbitrum-has-arrived-86d4011142fd Telegram: https://t.me/fomo3darbitrum CONTACT: Nicholas Gardner Copy Desk CryptoNewsNE manager at cryptonewsne.com', 'Developers hope to bring DeFi "to its knees" and leave players begging for more\nBOSTON MA, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Over 18 months since it’s release, Arbitrum is getting the attention many of its supporters have been looking for: the high-speed, low-fee, Layer-2 Ethereum rollup network has overtaken Binance Smart Chain (BSC) in terms ofdaily volume. After performing neck-and-neck for much of 2023, it would appear that Arbitrum has peeled off a decent percentage of the popular centralized-decentralized network’s userbase. In other words, BSC users are feeling the fear of missing out (FOMO) on Arbitrum, which couldn’t come at a better time for the developers of the token PoSH4D (P4D) and its game component, FOMO3D: Arbitrum.\nDespite quietly launchingPoSH4D (P4D) on February 21st, word of the token’s release—and anticipation of the upcoming game—spread like a virus among the Arbitrum community, driving the marketcap of P4D to $350k within the first 24 hours. Why such a demand for a token with so little fanfare? Well, the project is a direct homage to the originalEthereum game FOMO3D, and if trends continue and the team can continue to deliver on their promises (so far they\'ve touted their staking platform for token-holders), FOMO3D Arbitrum could become the biggest Web3 game of 2023.\n"Time is a Flat Circle"\nThe original FOMO3D was released in mid-2018, during a downturn in the cryptocurrency market: Bitcoin’s price had plunged by a third from the beginning of the year, selloffs worsened in the face of massive exchange hacks, rampant initial coin offering (ICO) scams, and rumors of incoming government regulations. However, while many in the community were overcome with doom and gloom, developers of Team JUST couldn’t help but laugh at the absurdity. FOMO3D was created as a satirical game based on the cutthroat environment that marked the 2018 “crypto winter:” the game billed itself as an “exit scam”–much like the aforementioned ICO schemes–where players purchased “private keys”–a reference to the hacked wallets that ruined several crypto exchanges that year. The game was a massive success, and the winner of the first round walked away with 10k ETH, (now valued at $17 million dollars). Given the tumultuous last year for the crypto market, it should come as no surprise that, half a decade later, in another uncertain market, the game’s themes still resonate with developers and investors alike.\n"DeFi, DeFi Never Changes"\n“There’s so many examples:Do Kwon and Terra Luna,bridge hacks like Ronin and Wormhole, and of courseSBF [Sam Bankman-Fried] and FTX,” said a spokesman for FOMO3D Arbitrum, rattling off the names of some the worst offenders in crypto of 2022 like a list of MVP athletes. “Hopefully the crypto winter put a freeze on newcomers trying to fleece the space, but in the meantime, we just want to get people’s blood pumping again, and we think Arbitrum is the perfect place for a project like this.” The spokesman opined, referring to the rollup’s adjacency to the gargantuan amounts of liquidity held on Ethereum, as well as the low cost and high speed of transactions.\n“Doing a revival of FOMO3D on Ethereum is impossible nowadays: even with the Merge upgrade, gas costs still regularly hit $80 per transaction and transactions can take minutes to go through, you can’t run a blockchain game like that.” Though the game is no longer on Ethereum, the developers did include a nod to the upgrades to the network, “the original was called ‘proof of weak hands,’ a play off the acronym for proof-of-work; as a nod to Ethereum moving to proof-of-stake, our revival is ‘proof of strong hands.’ Besides, if you’re still holding crypto after last year, you’ve gotta have strong hands, just how strong our community’s hands are will have to wait until the game comes out this weekend.”\nP4D CA: 0xEFc43Cf79f406D62960e34d3a62c729a0EEbEC4bP4D Chart:https://dexscreener.com/arbitrum/0xf4037ae51505d3c1f8f03f2916cd52136f0968b3P4D Staking/FOMO3D dApp preview:https://dapp.fomo3darb.com/Twitter:https://twitter.com/fomo3darbitrumDocs:https://docs.fomo3darb.com/Medium:https://medium.com/@arbitrum3d/fomo3d-arbitrum-has-arrived-86d4011142fdTelegram:https://t.me/fomo3darbitrum\nCONTACT: Nicholas Gardner Copy Desk CryptoNewsNE manager at cryptonewsne.com', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin tossed and turned above and below $24K before settling over the threshold. Insights: Bitcoin funding rates have been positive for 10 consecutive days. Why should investors care? Prices CoinDesk Market Index (CMI) 1,118 −2.1 ▼ 0.2% Bitcoin (BTC) $24,052 −101.1 ▼ 0.4% Ethereum (ETH) $1,659 +17.7 ▲ 1.1% S&P 500 4,012.32 +21.3 ▲ 0.5% Gold $1,832 +0.2 ▲ 0.0% Nikkei 225 27,104.32 −368.8 ▼ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Shows Its Mettle in Rebounding Above $24K Bitcoin spent Thursday in a fretfully, uncertain mood, teeter-tottering below and above $24,000 as investors continued to evaluate the U.S. Federal Reserve\'s ongoing dialogue about monetary policy and jobs data suggesting that inflation would remain problematic. The largest cryptocurrency was recently trading at $24,052, down 0.4% over the past 24 hours but well off its earlier week high over $25,000. Still, analysts remain cautiously optimistic about BTC\'s prospects after watching it surge about 40% since the start of the year amid an improved, overall economic backdrop. "People feel that the worst may be over in terms of bad news that we had in the crypto sector last y
**Last 60 Days of Bitcoin's Closing Prices:**
[16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-24
**Financial & Commodity Data:**
- Gold Closing Price: $1808.80
- Crude Oil Closing Price: $76.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,940,719,681
- Hash Rate: 262774152.6308686
- Transaction Count: 294562.0
- Unique Addresses: 695824.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A lawyer for FTX said Wednesday in a Federal bankruptcy hearing in Delaware that lawyers have located over $5 billion of cash, liquid cryptocurrency, and other liquid investments belonging to the company measured as of November 11, the date FTX filed for bankruptcy protection.
In a ruling from the bench, federal bankruptcy Judge John T. Dorsey granted FTX's motion to keep its customer's names under seal.
The $5 billion in newfound assets do not include crypto in custody with the Securities Commission of the Bahamas valued at approximately $425 million as of the company's petition date, the attorney added. "That position was valued at about $170 million at the end of 2022. It contains a large amount of FTT and is highly volatile," said Andrew Dietderich a partner at law firm Sullivan & Cromwell advising FTX.
FTX's total located assets were previously said to be around $1 billion on December 20,according to reporting from CoinDeskon what FTX's legal counsel said in a closed meeting with creditors.
The attorney said the FTX’s bankruptcy team is also, "underway on plans to monetize 300 other non-strategic investments with a book value of $4.6 billion."
The total amount of the shortfall between FTX's assets and the amount it owes customers and other creditors, however, is still "not yet clear," Dietderich added.
"We know what Alameda did with the money," Dietderich told the court about FTX's associated hedge fund that prosecutors have alleged illegally used FTX customer funds to carry out risky investments.
Dietderich also said the debtor bankruptcy team knows Bankman-Fried instructed FTX CTO Gary Wang to create the "Alameda backdoor." Previously mentioned in court filings, this secret feature allowed Alameda to borrow from customers on the exchange without their permission.
According to Dietderich, the size of Alameda's line of credit with FTX was $65 billion.
"It bought planes, houses, threw parties, made political donations, made personal loans to its founders. It sponsored the FTX Arena in Miami, a Formula One team, the League of Legends, Coachella, and many other businesses, events, and personalities. It gambled on cryptocurrency investments, often unsuccessfully."
Also at issue during Wednesday's hearing was whether names and personally identifying information of FTX’s 9 million customers should be kept confidential while the company works to reorganize or sell the troubled firm.
"I'm going to overrule the objections and allow [the names] to remain sealed at this point," Judge Dorsey said following arguments from several parties. "But I'm not going to leave it open for [six months]. I'm going to...approve an order that extended it for three months."
In court, Dietderich revealed the company had identified more than 9 million customer accounts with about 120 billion associated transactions.
Kevin Cofsky of Perella Weinberg Partners testified that FTX's customer lists, including both names and contact information, are a key company asset.
"A significant component of the business is the customers themselves," Cofsky told Judge Dorsey, reasoning that the company would maintain more value it could pass on to creditors and prospective buyers if customers are protected from poaching by industry competitors.
“That will give buyers confidence that…what they are buying has value,” Cofsky told Judge Dorsey.
In a declaration filed in the proceedings, Cofsky added that customers would not have anticipated their private information being disclosed, explaining that "a hallmark feature of cryptocurrency is a holder's ability to remain anonymous to the public."
In early December, a group of media organizations including Bloomberg L.P., Dow Jones, The New York Times Company, and The Financial Times filed a motion to intervene in the bankruptcy proceedings to reject the request of the debtors to keep FTX creditor names private. Media companies indicated in their arguments the public's right to access the names.
The U.S. Trustee joined in the news organizations' arguments that FTX's customer names should be made public, given that bankruptcy proceedings usually require disclosure of creditor names and addresses.
Wednesday's hearing follows a Tuesday court filing in the bankruptcy of crypto lender BlockFi in which creditors asked their personal information remain under seal. The U.S. Trustee has objected to the motion, arguing that "disclosure is the basic premise of bankruptcy." The issue will be covered in a January 17 hearing.
Customers of bankrupt crypto lender Celsius, which includes hundreds of thousands of retail investors, had their information published in a publicly available court record at the beginning of October.
The court will have a status hearing Jan. 20 on the matter.
Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs
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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.
|
23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76
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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 week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action.\nMarket leaderBitcoin(BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according toCoinGecko.\nEthereum posted a slightly lighter loss of 7% over the same period to land on $1,604 at the start of the weekend.\nBeyond the market leaders, it was much of the same story across the board.\nPolygon(MATIC) posted one of the biggest dips, shedding 16.7% this week to trade at $1.27 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring.\nThe following day, Polygon users fell prey tofalse rumorsthat the blockchain had been down for two hours.\nPolygon later revealed that a few nodes on the network temporarily went out of sync, causing the outage of an independent chain explorer called Polygonscan. Since Polygonscan hadn’t updated with new Polygon blocks or transactions for a couple of hours, people mistakenly thought Polygon itself had stopped.\nLitecoin(LTC),Polkadot(DOT), and Cardano (ADA) also posted significant losses on the week, ranging from 8% to 9%.\nSolana(SOL) had spent most of last November and all of December in freefall because of its association with executives from the collapsed FTX exchange. Since New Year, it’s managed to stymie the losses, with the asset falling just 1% this week. It traded at $22.4 at the time of writing.\nThe main reasons SOL managedto hold the fortthis week were news of the upcoming migration of the Helium network to Solana and a marked increase in Solana NFT trading volumes.\nSimilarly, theUniswap(UNI) token held off the bears, dropping just 1.4% over the week and currently selling for $6.61.\nThe token’s resilience may be due to the fact that, as of Wednesday, users of Uniswap’s NFT market can now transact with UNI andany other Ethereum-based token.\nSince the downfall of several high-profile crypto companies last year includingTerra,Celsius,Three Arrows Capital, andFTX, crypto regulation has become a recurring talking point for regulators across the world.\nRegulators in Hong Kong, Canada, and in the United States were central to this week’s high-level crypto chat.\nOn Monday, Hong Kong’s Securities and Futures Commission (SFC) published aconsultation paperproposing "toallow all typesof investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators."\nThe proposal recommends conditions be met before retail investors can trade crypto—including knowledge and risk assessments, and potential caps to how much exposure traders can get. The Commission also recommends that only "large-cap virtual assets" be eligible for regulated trade.\nHong Kong’s Finance Secretary Paul Chan on Wednesday called Web3 a “golden opportunity” for the special administrative region and promised to “establish and lead a task force on VA [virtual assets] development, with members from relevant policy bureaux, financial regulators, and market participants, to provide recommendations on the sustainable and responsible development of the sector.”\nWeb3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary\nThat same day stateside, Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans\' rights to financial privacy.\nThe CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nThe following day, the Federal Reserveissueda new statement reminding banks of the risks of exposure to crypto. The Fed was joined in this warning by government agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC).\nAcross the border in Canada that day, the Canadian Securities Administrators (CSA)—comprising securities regulators from each of the 10 provinces and 3 territories in Canada—published a list of new requirements for crypto companies wishing to stay compliant.\nCrypto traders in Canada are nowprohibitedfrom allowing customers to buy or deposit "Value Referenced Crypto Assets" (VRCAs), aka stablecoins, without the CSA’s prior written consent, which in this case means issuers need to ensure that the stablecoin is fiat-backed.', 'It was a week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action.\nMarket leaderBitcoin(BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according toCoinGecko.\nEthereum posted a slightly lighter loss of 7% over the same period to land on $1,604 at the start of the weekend.\nBeyond the market leaders, it was much of the same story across the board.\nPolygon(MATIC) posted one of the biggest dips, shedding 16.7% this week to trade at $1.27 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring.\nThe following day, Polygon users fell prey tofalse rumorsthat the blockchain had been down for two hours.\nPolygon later revealed that a few nodes on the network temporarily went out of sync, causing the outage of an independent chain explorer called Polygonscan. Since Polygonscan hadn’t updated with new Polygon blocks or transactions for a couple of hours, people mistakenly thought Polygon itself had stopped.\nLitecoin(LTC),Polkadot(DOT), and Cardano (ADA) also posted significant losses on the week, ranging from 8% to 9%.\nSolana(SOL) had spent most of last November and all of December in freefall because of its association with executives from the collapsed FTX exchange. Since New Year, it’s managed to stymie the losses, with the asset falling just 1% this week. It traded at $22.4 at the time of writing.\nThe main reasons SOL managedto hold the fortthis week were news of the upcoming migration of the Helium network to Solana and a marked increase in Solana NFT trading volumes.\nSimilarly, theUniswap(UNI) token held off the bears, dropping just 1.4% over the week and currently selling for $6.61.\nThe token’s resilience may be due to the fact that, as of Wednesday, users of Uniswap’s NFT market can now transact with UNI andany other Ethereum-based token.\nSince the downfall of several high-profile crypto companies last year includingTerra,Celsius,Three Arrows Capital, andFTX, crypto regulation has become a recurring talking point for regulators across the world.\nRegulators in Hong Kong, Canada, and in the United States were central to this week’s high-level crypto chat.\nOn Monday, Hong Kong’s Securities and Futures Commission (SFC) published aconsultation paperproposing "toallow all typesof investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators."\nThe proposal recommends conditions be met before retail investors can trade crypto—including knowledge and risk assessments, and potential caps to how much exposure traders can get. The Commission also recommends that only "large-cap virtual assets" be eligible for regulated trade.\nHong Kong’s Finance Secretary Paul Chan on Wednesday called Web3 a “golden opportunity” for the special administrative region and promised to “establish and lead a task force on VA [virtual assets] development, with members from relevant policy bureaux, financial regulators, and market participants, to provide recommendations on the sustainable and responsible development of the sector.”\nWeb3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary\nThat same day stateside, Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans\' rights to financial privacy.\nThe CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nThe following day, the Federal Reserveissueda new statement reminding banks of the risks of exposure to crypto. The Fed was joined in this warning by government agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC).\nAcross the border in Canada that day, the Canadian Securities Administrators (CSA)—comprising securities regulators from each of the 10 provinces and 3 territories in Canada—published a list of new requirements for crypto companies wishing to stay compliant.\nCrypto traders in Canada are nowprohibitedfrom allowing customers to buy or deposit "Value Referenced Crypto Assets" (VRCAs), aka stablecoins, without the CSA’s prior written consent, which in this case means issuers need to ensure that the stablecoin is fiat-backed.', "It’s the technology that dare not speak its name. Are you looking for NFTs on Reddit or Instagram? You’ll have much better luck searching for “ digital collectibles ” instead. Remember when blockchain was briefly sexy? The Bitcoin mining firm formerly known as Riot Blockchain recently rebranded itself as Riot Platforms. The World Economic Forum’s head of blockchain and digital assets, Brynly Llyr, has even suggested that the crypto space rebrand itself entirely around “decentralized systems.” “For a while, we definitely don't want to call them NFTs,” said NBA All-Star Baron Davis. His photo and video rights management platform, SLiC Images, is shunning any mention of the contentious technology. Crypto—and all its associated jargon—are now toxic words. Where once simply adding the word “blockchain” to your name in
**Last 60 Days of Bitcoin's Closing Prices:**
[16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-25
**Financial & Commodity Data:**
- Gold Closing Price: $1808.80
- Crude Oil Closing Price: $76.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,714,856,400
- Hash Rate: 227840889.7787333
- Transaction Count: 258413.0
- Unique Addresses: 626600.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Sam Bankman-Fried, the disgraced former chief of FTX, denied stashing away billions of dollars and gave his take on what happened to his bankrupt crypto exchange in a lengthy new post on Substack published Thursday. This article originally appeared in Crypto Markets Today , CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Subscribe to get it in your inbox every day . He denied stealing funds and claimed FTX and sister company Alameda Research collapsed because of the crypto market meltdown and inadequate hedging on Alameda’s part. “I didn’t steal funds, and I certainly didn’t stash billions away,” Bankman-Fried wrote. Later in the post he concluded that “Alameda lost money due to a market crash it was not adequately hedged for.” While alleging the trading firm "failed to sufficiently hedge its market exposure," he also said he "hasn't run Alameda for the last few years." Bankman-Fried faces numerous federal charges including conspiracy to commit fraud, and is now free on bail at his parents’ home in California. He has pleaded not guilty to the charges, but his lieutenant and Alameda chief Caroline Ellison pleaded guilty to fraud charges and is now cooperating with an investigation with the U.S. Attorney for the Southern District of New York. While casting the blame of FTX's downfall on Alameda's poor hedging , Bankman-Fried notably didn't address the $65 billion line of credit he opened from the exchange to the trading arm , as revealed in a court hearing on Wednesday. At the hearing, a lawyer representing FTX in its Chapter 11 bankruptcy proceedings said the credit line has led to a "shortfall in value" in repaying customers and creditors. Token Roundup (CoinDesk and highcharts.com) Bitcoin ( BTC ): The largest cryptocurrency by market value briefly topped $19,000 Thursday – rising 8% for the day and reaching its highest level since the FTX-crash-induced market sharp downturn in early November. Crypto-related stocks even made larger gains as the rally in the sector continued. BTC slid earlier in the day after the latest U.S. Consumer Price Index (CPI) report showed that inflation slowed down last month before experiencing a quick surge in the afternoon trading hours (ET). It had settled back to $18,800 as of publication time. Story continues Equities closed higher Thursday following the positive inflation data: Both the tech-heavy Nasdaq Composite and Dow Jones Industrial Average (DJIA) were up 0.6%, while the S&P 500 was up 0.3%. Ether ( ETH ): The second-largest cryptocurrency recently followed BTC’s direction, rising 6% for the day to trade around $1,427 as of press time. As Ethereum’s upcoming Shanghai upgrade approaches in spring, data from Etherscan shows that more than 16 million ETH have been deposited into Ethereum’s Beacon Chain staking contract as of Thursday, representing over $22 billion at current prices. Latest Prices CoinDesk Market Index (CMI) 911.03 +54.7 ▲ 6.4% Bitcoin (BTC) $18,832 +1304.2 ▲ 7.4% Ethereum (ETH) $1,424 +82.2 ▲ 6.1% S&P 500 daily close 3,983.17 +13.6 ▲ 0.3% Gold $1,900 +25.6 ▲ 1.4% Treasury Yield 10 Years 3.45% ▼ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Crypto Market Analysis: Inflation Cools, but Hopes for Fed Pivot Might Be Too Hot By Glenn Williams Jr. Bitcoin and ether responded positively to the release of December inflation data, with prices fluctuating as the day progressed. BTC’s hourly chart shows a sharp uptick in trading volume during the hour of the announcement. Most telling in that hour of trading is the momentary decline in prices, implying that some traders viewed the inflation data as an opportunity to take profits. ETH’s hourly chart shows almost identical price behavior, with a slight increase upon release of the report, followed by a price decline in the following hour. Probabilities that the Federal Reserve will raise interest rates by 25 basis points in February rose to 96% from 77% a day prior. Verbally this could be categorized as a shift from highly likely … to really, highly likely. Traders are reducing their bets on a more aggressive hike of 50 basis points. But the federal funds futures curve implies that interest rates will increase to near 5% before pivoting lower in the second or third quarter of 2023. This remains largely unchanged – a sign that while the Fed might slow the pace of hikes, it will stay in hiking mode for quite a while. Bitcoin 1/12/23 (TradingView) Read the full technical take here. Trending Post Listen 🎧: Today’s "CoinDesk Markets Daily" podcast discusses the latest market movements and a look at the right thing to do with money tied to FTX. Short Traders Suffer $200M in Losses as Ether, Cardano Lead Crypto Majors' Gains Crypto Lender Genesis Owes Creditors Over $3B: FT After FTX, Crypto Companies No Longer Have ‘Benefit of the Doubt’ on Capitol Hill, Says Congressman Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry's Cruel Winter Continues Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations Cathie Wood's ARK Adds Nearly $3.3M Shares of Coinbase...
- Reddit Posts (Sample): [['u/millywyco', 'MW Wyco Friday Inventory Update! 1st 20 Orders get an Unlisted Syringe, 3 Coupon Codes for $50 Off to Find, Orders Ending in 4 get a FREE PE Hybrid and Orders Ending in 24 are FREE! NEW This Week: Roatan Honduras and Ban Hua Thanon! Restocked AA+, APEr, B+, PESA, Tidalwave, Natalensis and More!', 43, '2023-02-25 00:16', 'https://www.reddit.com/r/Millywyco/comments/11b57kl/mw_wyco_friday_inventory_update_1st_20_orders_get/', '[www.millywyco.com](https://www.millywyco.com/) is the place to get the things!\n\n[REVIEWS!](https://www.reddit.com/r/MWReviews/) <<Leave one to get 20 rewards points to redeem in the [POINTS SHOP](https://millywyco.com/points-shop/) or verify I\'m not a professional scammer! [CHECK YOUR POINT BALANCE](https://millywyco.com/my-account/) while you\'re at it!\n\nCredit/Debit, PayPal, Cash App, Venmo, Zelle, Apple Pay, Google Pay, Bitcoin and Amazon Gift Cards (US ONLY). Cash by mail also accepted :)\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* We cannot ship active spores to CA, ID or GA but boy howdy laws are a changin\'! Shouldn\'t be long at all.**\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* All cultivation inquiries or any mention of cultivation of active species will result in a block, cancelled order, and invalid for any refunds or exchanges. Spores are for microscopy use only.**\n\nWelcome back, [mushroom](https://www.youtube.com/watch?v=n9TCKOHzqoA) lovers!\n\nAnother busy busy week here at the [Kamikaze Mushroom Palace](https://www.youtube.com/watch?v=SyivnRr-zdY)! Before I get into the good stuffs and irrelevant ramblings, I want to double and triple confirm that ALL orders placed and paid for up to today have been shipped! I know earlier in the week, everything I dropped off didn\'t get scanned in by USPS, so it\'s still showing that I printed the label and they are not in possession of the parcel, but the results came in and determined that was a lie! Thankfully, when it does scan at the next facility on the way to you, it usually shows where it has been previously with a time stamp so you know I wasn\'t lying about when it got to them :) If you\'d like to send me an email to confirm yours did indeed ship, I wouldn\'t hate ya for it! I know what that anticipation is like.\n\nAnd for the newer guys and dolls out there, you can check the status of an order on your account on the website. "On Hold" means I have not yet marked your order as being paid. I have to do this manually, so that doesn\'t necessarily mean you actually haven\'t paid yet, but I update this several times a day. If you\'re seeing "on hold" and it\'s been a day since you paid, feel free to hit me up to be sure I didn\'t miss something! "Processing" means just that...it\'s processing. You\'ve paid, but it hasn\'t shipped yet. Soon after this status, you\'ll see "completed" which means it\'s on the way and officially in USPS hands, where I have no control.\n\nI ended up getting behind on emails and chat messages this past week, trying to keep up with orders and demand. It\'s the worst feeling knowing I had some of you waiting in my inbox for a reply, so I delayed the post until today to get caught up. The results came back and that was the truth! If your email landed in spam or I\'m just a jerk and didn\'t get back to you about anything, please remind me! And if I made any awesome promises and didn\'t deliver, let me know! I always have this feeling that I forgot to send something out and I\'ve been rather good about writing things down and NOT relying on my memory, but I\'m sure I miss things here and there. Totally unintentional! Even if you added a note to include needles or something small and I forgot...get at me again and I\'ll have your goods on the way with the quickness :)\n\nWhen I checked inventory counts today, I was surprised by how many popular ones sold out in the past few days! You;ll be happy to know Albino A+, APE Revert, Big Blue, Ecuador, PES Amazon, Tidalwave, Ps. Natalensis, Ps. Subaeruginosa and Ps. Tampanensis are back on the shelves! Another side note to some of the new peeps out there, APE Revert is a lovely variety that has been a community favorite for a very long time, but does not look like traditional APE like you see in the pictures from the lands where they are legal to grow. This is more of a traditional cube look and has a dense spore drop, but still has some of the coveted characteristics of APE. True APE has been on my list for quite some time and I\'ve been on the hunt for no luck. Hopefully soon!\n\nNew to the library this week, I\'m proud to bring back from a very long hiatus, [**Roatan Honduras**](https://millywyco.com/product/roatan-honduras/) and [**Ban Hua Thanon**](https://millywyco.com/product/ban-hua-thanon/)! RH has such a unique look and are suitable for beginners and experts to view under the microscope. I\'ve had a good number of requests for this one and these are HIGH quality spores for you to feast your eyes on :) Ban Hua Thanon is a variety from Thailand and is similar to Koh Samui. Both of these varieties are excited to meet you and can\'t wait to enjoy all the highs AND the [Lowws](https://www.youtube.com/watch?v=semJpCQmKZE) on your journey :)\n\nGives, gets and games:\n\nThis week, I have **3 coupon codes granting $50 off your order in the shop!** I have 3 smooth vibin\' tracks linked through the first part of this post:\n\n**Coupon Code #1:** The second word of the song in the first link. (hint: this is why you\'re here. This is what you want. \\*\\*\\*\\*\\*\\*)\n\n**Coupon Code #2:** The sixth word in the 3rd line of this song (hint: my favorite emotion, \\*\\*\\*\\*)\n\n**Coupon code #3:** The artist of the song in the final link. (hint: this is who we are. include the space \\*\\*\\*\\*\\*\\*\\*\\* \\*\\*\\*\\*\\*\\*)\n\n&#x200B;\n\n**The first 20 orders after this post goes live** (5:15PM CST...my bad!) **will receive a totally new unlisted variety** with their order, not available in the shop! I reserve these special varieties to give out with promos like this and they shall not be requested! Gotta be quick with em!\n\n**All orders TODAY ONLY on 2/24 that end in "4" will receive a FREE PE Hybrid variety** with their order! It shall remain a surprise as to which one you\'ll get, but if you let me know in the in an email after your order that you\'ve already received one, I\'ll do my best to give you a different one.\n\nAnd finally, **all orders that end in "24" the week of 2/24-2/28 will get their order for FREE!**\n\nSee you in March, mushroom heads!! Love you all to the moon!!\n\nIt\'s ALWAYS now forever. It\'s NEVER not now. BE HERE NOW! You have no choice...\n\n\\*\\*\\***I love trades!\\*\\*\\*** Trades are the best! If you\'re an artist or have a specialty of your own and would like to work out a trade for some genetics, please let me know! I\'ve never ever turned down a trade and my lab is full of art, messages and nick knacks from this fantastic community. **Diabetic supplies needed and accepted too** :) Get in here!\n\nNeed to talk? Need a friend? Need to vent? I\'m here, let\'s chat! Always in Love <3\n\n**PLACING AN ORDER:**\n\nAll orders must be placed on the website to receive order confirmation and tracking emails. I have several **coupon codes** to fit most packages, but if you have a large order or need a custom coupon code, please email me, and I\'ll take care of you :) You may mix-n-match swabs, spore syringes, and liquid cultures (exotics and "special" swab packs excluded)\n\nThe most common order, and the best deal is with coupon code **5PACK**, which is for 5 cubensis spore syringes, swabs, or gourmet liquid cultures for $30, including shipping! Coupon code **10PACK** is $60 for 10 cubensis or gourmet varieties. Use coupon code **2PACK** for 2/$20, or if you need any exotics with your 5-pack, you can use coupon code **NEEDMORE** for 5 cubes and 1 exotic for $40. **NEEDMORE2** for 5 cubes and 2 exotics for $50, and so on :)\n\n**NEW EXOTIC COUPON CODES:**\n\n**TWOSpicy** \\- 2 for $25 Exotic syringes and swab packs\n\n**FOURSpicy** \\- 4 for $40 Exotic syringes and swab packs\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* We cannot ship active spores to CA, ID or GA**\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* All cultivation inquiries or any mention of cultivation of active species will result in a block, cancelled order, and invalid for any refunds or exchanges. Spores are for microscopy use only.**\n\n**LIST OF AVAILABLE VARIETIES (list accurate at 17:00 on 2/24/23, but will change as varieties sell out):**\n\n**CUBENSIS SPORE SYRINGES AND SWABS AND SOMETIMES PRINTS:**\n\nAcadian Coast\n\nAjax (Alabama x Jacksonville, FL)\n\nAlabama\n\nAlacabenzi\n\nAlbino A+\n\nAvery\'s Albino (SWABS ONLY)\n\nB+\n\nBig Blue (Blue Meanie iso)\n\nBlue Meanie\n\nBurma\n\nCambodian Gold\n\nColumbian Rust\n\nCorumba Brazil\n\nCosta Rican\n\nCreeper\n\nEcuador\n\nEscondido\n\nFiji\n\nGolden Mammoth\n\nGolden Teacher\n\nHillbilly\n\nHuautla\n\nIquitos\n\nJohn Allen\n\nKoh Samui\n\nLeucistic Amazon\n\nLeucistic Burma\n\nLeucistic Cambodian\n\nLeucistic Treasure Coast\n\nLizard King\n\nMalabar\n\nMars\n\nMatapanas\n\nMazatapec\n\nMelmac (SWABS ONLY)\n\nMexican Dutch King\n\nMexi-Cub\n\nOak Ridge\n\nOrissa India\n\nPakalensis\n\nPE+ (PE x B+) SWABS ONLY\n\nPenis Envy #6\n\nPES Amazon\n\nPES Hawaiian\n\nPF Classic\n\nPF Redspore\n\nPhobos (swabs only)\n\nPuerto Rican\n\nRed Boy\n\nS. African Transkei\n\nS. American\n\nSubcubensis\n\nTak Mountain\n\nTasmanian\n\nTexas Yellow Cap\n\nThai Elephant Dung\n\nTidalwave\n\nWhite Teacher\n\nXico\n\nZ-Strain\n\n**EXOTIC SPORE SYRINGES AND SWABS:**\n\nGymnopilus Luteofolius (Yellow Gilled Gymnopilus)\n\nGymnopilus Spectabilis (Laughing Gym)\n\nPs. Allenii\n\nPs. Azurescens\n\nPs. Galindoi ATL7\n\nPs. Natalensis\n\nPs. Ovoideocystidiata\n\nPs. Semilanceata (Liberty Cap)\n\nPs. Subaeruginosa\n\nPs. Tampanensis (Pollock)\n\nPs. Zapotecorum\n\n**GOURMET LIQUID CULTURES AND AGAR PLATES:**\n\nAgarikon\n\nArtist\'s Conk\n\nBear\'...
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.
|
23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["There wereubiquitous lossesamong the leading cryptocurrencies this week as the latestinflation readingsprompted fears among investors that the Federal Reserve will keep raising interest rates this year, as it did all of last year.\nPrices were the last thing on people’s minds when there was a plethora of other issues on people’s minds this week. M Shadows, the singer for California metal band Avenged Sevenfold, took umbrage on Monday with NFT marketplace OpenSea, after the latter last week stopped enforcing the practice of ensuring creators get a 5-10% cut on the future resale of their work.\nThat day, theFinancial Timesbroke a storythat Galois Capital, a crypto-focused hedge fund, had closed down after having earlier deposited half of it $200 million in assets-under-management at the time in the now-collapsed FTX exchange. Co-founder Kevin Zhou appeared to be tweeting from the fund’s account.\nOn Tuesday, NFT news account@NFTnowbroke the story of what appears to be an elaborate, multimillion-dollar rug pull.\nFox Business journalist Eleanor Terrett that day gave an update on the ongoing case against FTX founder and former CEO Samuel Bankman-Fried, who standscharged with eight crimes, including wire fraud and conspiracy to commit money laundering.\nThat day, self-professed “Crypto Data Nerd”@0xKofiexpressed his concerns that upstart NFT marketplace Blur, whichrecently surpassed OpenSeain sales volume, was being dominated by a handful of professional traders. He called the lack of creators’ royalties “short-sighted” in a later tweet.\nSimilar numbers to Kofi’s made the rounds again the following day.\nThat same day, crypto-friendly Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans' rights to financial privacy. The CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nCrypto sleuth Isabel Hunter on Wednesday posted the results of an investigation into where the$1 billionin Shiba Inu (SHIB) tokens that Ethereum creator Vitalik Buterin donated to India’s COVID-19 relief effort actually went. It turns out $58 million of it reached its intended recipients in the end. The rest is a wild story…\nThe United States Securities and Exchange Commission’s Hester Pierce, who last weekbroke ranksto criticize her agency’s crypto custody proposal, tweeted her mind again this week. On Wednesday, she appeared to fire a subliminal shot at her boss, chairman Gary Gensler, who is unpopular in the crypto industry for his regulation-by-enforcement strategy, which has so far involved suing high-profile crypto companies while offering the industry little guidance on how to be compliant.\nThat day, Bitcoin bull@ZK_Sharkhyped up Bitcoin NFTs, although he conceded between the lines that they have less utility than their Ethereum counterparts.\nOn Thursday Ryan Selkis, founder of crypto market intelligence company Messari, announced a 15% cut to his company's workforce.\nAlso that day, Montana state’s decision to protect the interests of crypto miners went down a treat on Crypto Twitter.\nOn Friday, an NFT researcher who tweets as@punk9059shared a chart that no doubt worried a lot of Bored Ape Yacht Club fans.\nFinally,Polygon(MATIC) crashed hard this week, shedding 21% in seven days to trade at $1.22 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring. Avalanche (AVAX) founder and CEO Emin Gün Sirer fired some shots at the rival blockchain.\nMeanwhile, Uniswap founder/CEO Hayden Adams offered technical advice.", "Illustration by Mitchell Preffer for Decrypt There were ubiquitous losses among the leading cryptocurrencies this week as the latest inflation readings prompted fears among investors that the Federal Reserve will keep raising interest rates this year, as it did all of last year. Prices were the last thing on people’s minds when there was a plethora of other issues on people’s minds this week. M Shadows, the singer for California metal band Avenged Sevenfold, took umbrage on Monday with NFT marketplace OpenSea, after the latter last week stopped enforcing the practice of ensuring creators get a 5-10% cut on the future resale of their work. 18 months ago, when we started the DBC, we had a discussion about how marketplaces collected royalties and understood the fact that someday they could simply not comply. In response, we built some fail safes that could simply block these platforms from accessing our collection. — M. Shadows (@shadows_eth) February 20, 2023 That day, the Financial Times broke a story that Galois Capital, a crypto-focused hedge fund, had closed down after having earlier deposited half of it $200 million in assets-under-management at the time in the now-collapsed FTX exchange. Co-founder Kevin Zhou appeared to be tweeting from the fund’s account. In spite of that, I am proud to say that although we lost almost half our assets to the FTX disaster and then sold the claim for cents on the dollar, we are among the few who are closing shop with an inception-to-date performance which is still positive. — Galois Capital (@Galois_Capital) February 20, 2023 On Tuesday, NFT news account @NFTnow broke the story of what appears to be an elaborate, multimillion-dollar rug pull. NEWS: @Friendswithyou ’s fRiENDSiES project deleted its Twitter account after posting an announcement that the project would be put on pause. The project raised more than $5 million in a Dutch auction last year. pic.twitter.com/3veSGKPbRx — nft now (@nftnow) February 21, 2023 Fox Business journalist Eleanor Terrett that day gave an update on the ongoing case against FTX founder and former CEO Samuel Bankman-Fried, who stands charged with eight crimes , including wire fraud and conspiracy to commit money laundering. Story continues 🚨NEW: Just filed today, the defense expects to propose one or more potential candidates to act as an independent technical expert to advise the court on @SBF_FTX 's bail conditions by the end of the week. pic.twitter.com/WfkF5frBAn — Eleanor Terrett (@EleanorTerrett) February 21, 2023 That day, self-professed “Crypto Data Nerd” @0xKofi expressed his concerns that upstart NFT marketplace Blur, which recently surpassed OpenSea in sales volume, was being dominated by a handful of professional traders. He called the lack of creators’ royalties “ short-sighted ” in a later tweet. 53% of Blur's volume comes from just 500 wallets (research by Archmage @jphackworth42 🧙✨) The marketplaces are killing their profits, long-term relationships with creators and future growth prospects to compete for ~500 pro traders — Kofi (@0xKofi) February 21, 2023 Similar numbers to Kofi’s made the rounds again the following day. Hey! Here are some fun facts about NFT volume: 20% of Blur's volume comes from only 15 wallets. 50% of Blur's volume comes from less than 300 wallets. Watch the top 500 farmers drive artificial volume live over any timeframe with source below ⬇️ pic.twitter.com/chDM6B7uMv — poof (@poof_eth) February 22, 2023 That same day, crypto-friendly Republican House Majority Whip Tom Emmer (R-MN) introduced a bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans' rights to financial privacy. The CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies. Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. 👇 pic.twitter.com/lONbHFZMk7 — Tom Emmer (@GOPMajorityWhip) February 22, 2023 Crypto sleuth Isabel Hunter on Wednesday posted the results of an investigation into where the $1 billion in Shiba Inu (SHIB) tokens that Ethereum creator Vitalik Buterin donated to India’s COVID-19 relief effort actually went. It turns out $58 million of it reached its intended recipients in the end. The rest is a wild story… $58 million has reached India through @CryptoRelief_ so far – the last funding was made in July 2022. Approximately $40 million is sitting in cash with Puerto Rico-based @fvbankus , according to screenshots of February 2023 bank statements provided by Nailwal 2/8 — Isabel Hunter (@isabelhunter) February 22, 2023 The United States Securities and Exchange Commission’s Hester Pierce, who last week broke ranks to criticize her agency’s crypto custody proposal, tweeted her mind again this week. On Wednesday, she appeared to fire a subliminal shot at her boss, chairman Gary Gensler, who is unpopular in the crypto industry for his regulation-by-enforcement strategy, which has so far involved suing high-profile crypto companies while offering the industry little guidance on how to be compliant. Getting lots of questions re stablecoins & SEC: Facts & circumstances of course, but SEC should defer to Congress, which is actively considering the issue. In the meantime, we & other regulators could hold public roundtables. Enforcement actions aren't the way to write the rules. — Hester Peirce (@HesterPeirce) February 22, 2023 That day, Bitcoin bull @ZK_Shark hyped up Bitcoin NFTs, although he conceded between the lines that they have less utility than their Ethereum counterparts. Ordinals: No royalties No meta data No good wallets (yet) No marketplace (yet) No holder verification No mutability No Smart contracts No Tokens No AMMs Every inscription WILL live FOREVER on the most decentralized public ledger known to man. That's the damn utility 🫡 — zk-🦈 (@ZK_shark) February 22, 2023 On Thursday Ryan Selkis, founder of crypto market intelligence company Messari,
**Last 60 Days of Bitcoin's Closing Prices:**
[16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-26
**Financial & Commodity Data:**
- Gold Closing Price: $1808.80
- Crude Oil Closing Price: $76.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $447,295,963,512
- Hash Rate: 359556658.1833338
- Transaction Count: 277103.0
- Unique Addresses: 628404.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today ChatGPT has stolen the headlines as one of the most impressive technology releases of 2022. Initially unveiled to highlight the capabilities of the upcoming GPT-4, ChatGPT quickly transcended the boundaries of the artificial intelligence (AI) space to become a pop culture phenomenon. For the first time in history, we are seeing AI actively discussed all the way from mainstream media outlets to dinner conversations. The fact that an obscure area of AI was going to cause this revolution was unfathomable just a year ago. Jesus Rodriguez is the CEO of IntoTheBlock. ChatGPT is the latest in a family of large generative language models (LLM) that are clearly transforming the nature of content creation, application development and user experience. The speculations of how ChatGPT and the upcoming GPT-4 type technologies might impact different industries have run high and wild and Web3 is not the exception. The hype about the possibilities of ChatGPT have certainly found its way to the Web3 space. In recent weeks, crypto media outlets have openly discussed the role that ChatGPT can play in ending Google’s dominance, completely automating smart contract development and making Web3 the dominant architecture paradigm. A different perspective becomes apparent once you look into the specific capabilities and limitations of ChatGPT and match it to the current state of Web3 technologies. Inside ChatGPT For all the hype around ChatGPT, there has been very little discussion about the specific capabilities and differentiators of the model. ChatGPT represents a major evolution in OpenAI’s GPT family of models but that evolution has materialized in a very specific dimension. The main difference between ChatGPT and its predecessors is that the former is key at following instructions. Models like GPT-3 were able to perform a handful of language tasks such as summarization, question answering or text completion based on carefully curated prompts. Story continues Read more: Here’s Why Artificial Intelligence Focused Cryptocurrencies Are Vastly Outperforming Bitcoin However, GPT-3 exhibited major limitations following more generic instructions. In early 2022, OpenAI quietly unveiled InstructGPT, a fine-tuned version of GPT-3 that uses a technique called reinforcement learning with human feedback (RLHF) to better follow human intents. OpenAI had published the research behind RLHF back in 2017 and went mostly unnoticed until InstructGPT was created. InstructGPT is the crown jewel at the center of ChatGPT and one of the key differentiators with its predecessors. These days, when you are using the OpenAI API by default it uses InstructGPT. The AI community recently started referring to models such as ChatGPT with the term "foundation models." Quoted by Stanford University, this term refers to the unique characteristic of these models to be fine-tuned for specific scenarios. For instance, OpenAI created Codex, a new fine-tuned version of GPT-3 to generate programming language code that is powering programs such as GitHub CoPilot. Codex is also integrated into ChatGPT. Now that we understand the core capabilities and differentiators of ChatGPT, we can extrapolate those to our Web3 universe and start dreaming about the potential. ChatGPT in a Web3 world The foundation model revolution with platforms such as ChatGPT is going to deeply influence how software is created and experienced across the entire technology market. Web3 also represents a new paradigm for distributed computing, so the combination with foundation models like ChatGPT offers a blank canvas full of opportunities. Some of those opportunities are already possible with today’s technologies. Language-based explorers Explorers are the search experience in Web3 and the core building block for human interactions with blockchains. However, the user experience of blockchain explorers is designed for domain experts. Imagine an explorer powered by a fine-tuned version of ChatGPT for blockchain activity. In that experience, a normal user could ask questions such as “Any large institutions transferring funds to Binance?,” “When was the last time something similar happened?” or “Are there any interesting patterns in the recent transaction activity?” Search is one of the experiences that might be reimagined with technologies like ChatGPT, and explorers could be a perfect candidate. Smart contract development assistants Programming smart contracts remains a highly sophisticated task for developers. ChatGPT components such as Codex are able to generate Solidity code from language descriptions. Imagine a smart contract assistant in which a developer can type something like “What’s the solidity code to request a flashloan in Aave?” and it will generate the corresponding smart contract code snippet. Read more: Jesus Rodriquez - The Coming Convergence of NFTs and Artificial Intelligence Smart contract security testing Smart contract audits are slow, expensive and tedious processes that are nonetheless necessary. A large majority of the auditing process relies on executing tests that are quite often not obvious to smart contract developers. Imagine having a fine-tuned version of ChatGPT for smart contract audits that could take a language input such as “” and run a battery of tests in a given smart contract. Intelligence NFTs Arguably one of the most obvious applications of models such as ChatGPT is to enable a new generation of non-fungible tokens (NFT) that incorporate conversational intelligence. Imagine a version of your favorite NFT collection that allows you to ask questions about the creator’s inspiration or specific artistic details. Conversational wallets Wallets are the main entry point for interactions with decentralized applications (dapp) in the Web3 world. Just as the user experience in Web2 applications is being reimagined with foundational models such as ChatGPT as a fundamental construct, we can think of a similar trend for crypto wallets. Imagine a wallet experience in which a user can simply express its intentions to perform a transaction, request information or execute specific tasks simply using natural language. Conversation is going to be one of the most interesting trends in Web3 user experience in the next few years. Web3 in a ChatGPT world Foundational models such as ChatGPT will, undoubtedly, enable a new generation of capabilities in decentralized applications, but Web3 can play an interesting role in the infrastructure powering these models. Auditability is one of the key concerns around the emergence of models like ChatGPT. Understanding the causes of harmful, fake, unbiased or unfair content has been at the center of the debate for the mainstream adoption of ChatGPT and similar models. Distributed ledgers are the perfect technology to enable trustless transparency and auditability for models such as ChatGPT. Pre-training and fine-tuning is another aspect in which Web3 platforms can contribute to models like ChatGPT. The computational requirements for pre-training or fine-tuning foundation models results are prohibited for most organizations. Decentralized computation networks such as blockchains can enable scalable computation economies that can facilitate the pre-training or fine-tuning of models like ChatGPT. Not just ChatGPT ChatGPT and the upcoming GPT-4 release represent some of the most overhyped technologies of the last few decades. While it might be easy to get caught up in the hype, the transformational impact of these models is real and it definitely applies to Web3. One thing to understand is that ChatGPT won’t stand alone in this area much longer. Companies such as Google with its model LaMDA, DeepMind with Sparrow, Anthropic with Claude and Stability AI with an open-source version of ChatGPT are likely to become relevant players in this market in a next few months. In the Web3 world, these models will power new experiences for how to author and interact with smart contracts, dapps, Wallets, decentralized finance (DeFi) protocols, NFTs and pretty much every area of the ecosystem. The era of language models in Web3 is here and ChatGPT is just the beginning....
- Reddit Posts (Sample): [['u/Auto_Mom', 'Attn :GameStop Marketplace Metaboy collectors! Snapshot will be taken tomorrow! Please read for more info', 229, '2023-02-26 01:10', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/', 'If you bought a Metaboy during the first week the Gamestop marketplace launched and have not yet collected your Gaia, please visit Metaboy.run and claim your free nft. You may also claim on Metaboy discord https://discord.gg/metaboy\n\nMetaboy Team has been hard at work to bring value to og holders! There’s lots of wallets that hold OG Metaboys and may not know about the utility your nft holds. Check out the website where there’s games, a studio where you can pose and take pictures of your Metaboys, there’s a beautiful museum where you can walk around as your Metaboy and see the inspiration behind the artwork. \n\nThe snapshot tomorrow is to capture the amount of OG Metaboys and Gaias you hold in your wallet. (They must be in the same wallet to be counted together) This is being done to capture holders quantities for a free or discounted mint on a new chain. Metaboy’s first odyssey will be on stacks, built on Bitcoin. This is similar to what Loopring layer 2 is to ethereum with a bigger market cap. For any questions I encourage you to reach out on discord or Twitter! Don’t miss out on all your Metaboy nfts have to offer! https://linktr.ee/metaboyinc?utm_source=linktree_profile_share&ltsid=8deb24fc-cde5-4ee4-9aa6-b69fd485a4f6', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/', '11c03b4', [['u/Auto_Mom', 10, '2023-02-26 02:01', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/ja101os/', 'If you own metaboys I strongly suggest joining the discord and/or Twitter to stay up to date on everything Metaboy! There’s all the resources necessary and lots of helpful team members for any assistance you need along the way. With Metaboy going multi chain, there will be newcomers to the metafam and we want everyone to have a memorable positive first impression of the project just we have following Metaboy as the first nft project to sell out on the GameStop marketplace!', '11c03b4']]], ['u/Psalamist', 'The best of Craig...', 28, '2023-02-26 01:39', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/', 'These are just my own favourite moments from the last four and a half years of his cosplay comedy\n\nCraig tells the community of the most gullible saps in internet history about when he was shot twice whilst working as a member of (the leader of?) a black ops team taking out human traffickers “permanently”:\n\n"I was offline for much of January 2011. During the time, I had travelled to Venezuela where I was working with a “Jawbreaker” team. The work was focused on stopping the trafficking of humans for the sex trade. I was in “prevention.” I did not bring people to justice, I worked with teams to stop things, permanently."\n\n"My “Blind Date” in Venezuela had me progressing West to the border of Colombia. It was my last operation of the type. I was shot twice, and evidence of it is likely to still exist on the Internet for all my efforts to have destroyed it. I met with Colombian El Departamento Administrativo de Seguridad (DAS) agents, as my job was accessing systems and information, and on the occasion, it was related to an operation associated with garnishing evidence against FARC-V. Before, I was what some people would call an “agent of influence.”\n\n[https://web.archive.org/web/20190524061133/https://craigwright.net/blog/bitcoin-blockchain-tech/the-story-of-bitcoin-continued/]\n\n\nCraig makes his famous predictions of how the crypto markets will look at the end of 2019. He does not generally call price, but asserts with 97.8% probability that BSV will be over $1,200 (With 0.1% for no blockchain winning and 2.1% for another). He calculates with 96% probability that BSV will be the no. 1 coin within 2 years (so mid-2021) and that by then most people would be of the opinion that they always knew he was Satoshi. \n\nNow it’s easy for us to mock with hindsight, but the 0% accuracy of the world’s foremost expert on most things is quite surprising. Especially when he gives such specific probabilities on such a wide field of options. \n\nhttps://web.archive.org/web/20220915155655/https://www.reddit.com/r/bitcoincashSV/comments/bwb40q/satoshis_prediction/\n\n[original post https://www.reddit.com/r/bitcoincashSV/comments/bwb40q/satoshis_prediction/] \n\n\nThe rolling iceberg threat. He made it in 2019. It didn’t happen. Perhaps there are still BSVers living in a bunker somewhere waiting. Seems unlikely. File with the bonded courier and other such postering\n\nThe checksum checkmate; Just a lovely gotcha moment. There is no coming back from that. Final proof that there is no BSV community now, just paid shills and scammers, as I cannot accept that anyone could read that account and still maintain that Creg was Satoshi\n\nHonourable mentions:\n\nRyan wondering if Creg was Jesus returned (he isn’t), but I’m wary of posting that given as it was a pretty sad watch\n\nTurth logging all criticism of Creg, himself or BSV as “death threats” (whilst making death threats against anyone who criticises Creg, himself or BSV)', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/', '11c0qep', [['u/nullc', 10, '2023-02-26 02:29', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/ja13i9m/', '(from the OP)\n\nWright on a murder-vacation in Venezuela.', '11c0qep'], ['u/nullc', 10, '2023-02-26 02:30', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/ja13n0p/', '(from the OP)\n\nCraig and checksum checkmate.', '11c0qep']]], ['u/oki_sauce', 'For those of you on the sidelines, what are you waiting for?', 19, '2023-02-26 03:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/', "Trying to offer and receive perspective. I know there's plenty of reasons why people may not buy. This is directed towards people who don't have a position or are trying to optimize their gains by risking it for hardly much more\n\nEveryone has a reason they don't DCA weekly or monthly. Some prefer lump sum investments, maybe you decided to invest in something else, or you're waiting for another 10% drop. After a fall from 69k and as much potential as something like BTC has, what are the reasons you aren't buying? \n\nEveryone knows timing the market is a bad idea, yet so many people do it. You may even see a nice 10% dip, and then you just wait for another 10%, then miss your opportunity and buy higher. You aren't going to care that you bought BTC at 22k instead of 20k if you're expecting BTC to break ATH, for example.\n\nI haven't included any rocket emojis. Therefore, this is not financial advice", 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/', '11c37sd', [['u/meteor-vs-lizardking', 18, '2023-02-26 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/ja1ddiv/', "most the people on this sub aren't on the sidelines. we're here because we're invested", '11c37sd'], ['u/Wonzky', 10, '2023-02-26 04:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/ja1h83y/', 'TL:DR\n\nStop being poor and start gambling', '11c37sd']]], ['u/ajnsd619', "The US Government Will Never Ban Crypto. Here's Why", 35, '2023-02-26 04:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/', "Decentralized networks make outright bans impossible. But that won't stop US Agencies from raising the friction. A necessary step to gain control.\n\nAs a Web3 researcher, I'm afforded a deep look at what drives people who enter the space.\n\nResearchers gain perspectives from:\n\n* Start-up companies\n* Legacy business\n* Academics\n* Procrastinating public functionaries & writers\n\nTheir motives are diverse; however, I've now carried out enough assignments to see an emerging trend, common to all.\n\nThis trend shows Govt actions from a different angle. And it's rather dark.\n\nAs of February 23, 2023, Bitcoin & Ethereum have cumulatively completed 2,691,440,324 transactions.\n\n[BTC Total Txn Count](https://preview.redd.it/d57i3c3hegka1.png?width=1200&format=png&auto=webp&v=enabled&s=3889772afebc39d2dd4303cafc5f73518a1bb57c)\n\n[ETH Total Txn Count](https://preview.redd.it/rpf15oehegka1.png?width=1200&format=png&auto=webp&v=enabled&s=c618bf9104eb3b6c62f7a8accecac2143095a162)\n\nBlockchain transactions are detailed and immutable. The total 2.69B count confers their legitimacy to participants and non-participants alike.\n\nThis growing record is becoming history's deepest and most accurate metadata map ever created.\n\nThe value of the data will grow into the trillions.\n\nUS Govt actions have a single objective: *Manage access to blockchain metadata.*\n\nKeeping it open and properly recorded is beyond important. All without gatekeepers.", 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/', '11c4iao', [['u/shoota28', 17, '2023-02-26 04:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/ja1kjn0/', 'Correction: The US government *will never be able* to ban crypto. How would they do so in an enforceable manner?', '11c4iao'], ['u/jwz9904', 11, '2023-02-26 06:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/ja1w4mr/', 'USA is not the rest of the world. Let’s de-Americanize crypto.', '11c4iao']]], ['u/Odlavso', 'Congratulations to Solana for coming back online after being down for 21 hours', 1712, '2023-02-26 05:2...
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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23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Solana is back and ticking upwards while bitcoin appears overbought.\nInsights:The SEC has overreached in its latest actions against crypto entities, but the crypto industry must improve its lobbying efforts to ensure future regulation is effective.\nCoinDesk Market Index (CMI)\n1,111.23\n+22.5▲2.1%\nBitcoin (BTC)\n$23,475\n+354.0▲1.5%\nEthereum (ETH)\n$1,636\n+43.7▲2.7%\nS&P 500 daily close\n3,970.04\n−42.3▼1.1%\nGold\n$1,820\n+11.2▲0.6%\nTreasury Yield 10 Years\n3.95%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning, Asia, here’s how the crypto market is moving this Monday.\nSolana is up early 4%after the protocolcrashed twice during the weekend, freezing transactions. The Solana Foundation says aninvestigation is underway into the cause of the crashand will be available shortly.\nMeanwhile, bitcoin is trading flat at $23,475. The world’s largest digital asset is up 1.5% in the last 24 hours. Ether is up 2.7% to $1,636.\nKatie Stockton, founder, and managing partner at Fairlead Strategies, recently said on CoinDesk TV that bitcoin appears “overbought” making it difficult to clear $25,000.\n“The overbought condition would suggest that that resistance is left intact,” she said.\nEther, Stockton says, is looking just like bitcoin. Both are part of a top-down-oriented market where macro forces are price action “as opposed to the fundamental value of things.”\n“[Ether] does look just like bitcoin, the range there as defined by resistance around $1,670,” she said.\nJoe DiPasquale, CEO of crypto fund manager BitBull Capital, adds that bitcoin is attempting to find support during a minor price correction.\n"If bitcoin remains in the current range, we are likely to see $25,000 and then $30,000. A rejection from here could see $20,000 first, followed by $18,000," he said in an email to CoinDesk.\nLooking toward next week, the U.S is scheduled to announce its consumer confidence index for February on Tuesday and jobless claims on Thursday. In Asia, the People’s Bank of China will be announcing its balance of trade figures on Tuesday and its inflation rate on Thursday.\nWith the world’s two biggest economies set to announce important economic data over the next week, all eyes will be on crypto to see if it can overcome key resistance levels.\nCrypto Lobbying Needs a Reset: More FTC, Less SEC\nCoinDesk Chief Content Officer Michael Casey writes the weekly "Money Reimagined"newsletter. This essay originallyappearedon CoinDesk\'s website on Feb. 24.\nIs there a method to the SEC’s madness?\nOf all the Securities and Exchange Commission’s (SEC) actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can a token that’s explicitly designed not to fluctuate in price be considered a security?\nBut a recentaccount in Fortunesuggests the SEC may not have been thinking of securities law at all in that action. Binance was automatically converting competitor-issued stablecoins held by its exchange’s customers’ into BUSD. To me, that looks like an antitrust concern, not one of BUSD being a security.\nNow, if there’s one area of enforcement where the crypto community, with its anti-middleman ethos of decentralization, should get behind, it’s prosecution of monopolistic behavior. But that leaves us with the question of why is the SEC getting involved here and not the nation’s trustbuster, the Federal Trade Commission?\nI get two takeaways from this:\n• Another reminder that, in the absence of clear legislative boundaries for crypto, the SEC is striking out wherever it can to assert authority. It’s partly turf war, partly political posturing during a post-FTX moment in which crypto is a convenient whipping boy.\n• The crypto community has done a lousy job picking its friends and enemies within the U.S. government. Advocates should simultaneously work with the FTC to enforce a decentralized market structure for their own industry and with their allies in Congress to prevent the SEC from crimping mass adoption and undermining blockchain-based challenges to monopolies in other industries, such as finance and internet platforms. Instead, the industry fixates on the SEC as the bogeyman, a role in which Chairman Gary Gensler has seemed perfectly at home as his agency has launched a flurry of attention-grabbing actions against Binance/Paxos, Kraken, Terra-Luna and now the Voyager Digital creditors.\nFind the full articlehere:\nETHDenver 2023\nAnnual BEAR Research Conference: New Digital Technologies and the Future Financial Landscape\n1 p.m. HKT/SGT(5 a.m. UTC):Japan leading economic index (Dec.)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Unveils Its Layer 2 Base; Chamber of Digital Commerce CEO on State of Crypto Regulation\nCrypto exchange Coinbase’s new layer 2 blockchain Base had a rough start on Thursday, drawing a stream of complaints from users on social media. The Federal Reserve Board announced Thursday that it had again rejected crypto bank Custodia\'s bid for Fed supervision. Fairlead Strategies founder and managing partner Katie Stockton shared her crypto markets analysis. Plus, the Chamber of Digital Commerce founder and CEO Perianne Boring discussed why the crypto trade group wants the court to dismiss the SEC vs. Wahi lawsuit. Darma Capital President and co-founder Andrew Keys and Bitfy CEO and founder Lucas Schoch also joined the conversation.\nSolana Validators to Make Second Restart Attempt as Transaction Freeze Drags On:It’s still unclear what caused the service outage.\nGlobal Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G-20 Meetings:The paper is expected to be ready by September.\nOasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack:The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds.\nCrypto Investors\' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge:The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.\nCrypto Markets Analysis: Bitcoin Falls for the Week Amid Inflation, Rate Hike Fears:Ether and most other major cryptos also sank as investors mulled the prospect of prolonged monetary hawkishness.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Solana is back and ticking upwards while bitcoin appears overbought. Insights: The SEC has overreached in its latest actions against crypto entities, but the crypto industry must improve its lobbying efforts to ensure future regulation is effective. Prices CoinDesk Market Index (CMI) 1,111.23 +22.5 ▲ 2.1% Bitcoin (BTC) $23,475 +354.0 ▲ 1.5% Ethereum (ETH) $1,636 +43.7 ▲ 2.7% S&P 500 daily close 3,970.04 −42.3 ▼ 1.1% Gold $1,820 +11.2 ▲ 0.6% Treasury Yield 10 Years 3.95% ▲ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning, Asia, here’s how the crypto market is moving this Monday. Solana is up early 4% after the protocol crashed twice during the weekend , freezing transactions. The Solana Foundation says an investigation is underway into the cause of the crash and will be available shortly. Meanwhile, bitcoin is trading flat at $23,475. The world’s largest digital asset is up 1.5% in the last 24 hours. Ether is up 2.7% to $1,636. Katie Stockton, founder, and managing partner at Fairlead Strategies, recently said on CoinDesk TV that bitcoin appears “overbought” making it difficult to clear $25,000. “The overbought condition would suggest that that resistance is left intact,” she said. Ether, Stockton says, is looking just like bitcoin. Both are part of a top-down-oriented market where macro forces are price action “as opposed to the fundamental value of things.” “[Ether] does look just like bitcoin, the range there as defined by resistance around $1,670,” she said. Joe DiPasquale, CEO of crypto fund manager BitBull Capital, adds that bitcoin is attempting to find support during a minor price correction. "If bitcoin remains in the current range, we are likely to see $25,000 and then $30,000. A rejection from here could see $20,000 first, followed by $18,000," he said in an email to CoinDesk. Story continues Looking toward next week, the U.S is scheduled to announce its consumer confidence index for February on Tuesday and jobless claims on Thursday. In Asia, the People’s Bank of China will be announcing its balance of trade figures on Tuesday and its inflation rate on Thursday. With the world’s two biggest economies set to announce important economic data over the next week, all eyes will be on crypto to see if it can overcome key resistance levels. Insights Crypto Lobbying Needs a Reset: More FTC, Less SEC CoinDesk Chief Content Officer Michael Casey writes the weekly "Money Reimagined" newsletter . This essay originally appeared on CoinDesk\'s website on Feb. 24. Is there a method to the SEC’s madness? Of all the Securities and Exchange Commission’s (SEC) actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can a token that’s explicitly designed not to fluctuate in price be considered a security? But a recent account in Fortune suggests the SEC may not have been thinking of securities law at all in that action. Binance was automatically converting competitor-issued stablecoins held by its exchang
**Last 60 Days of Bitcoin's Closing Prices:**
[16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-27
**Financial & Commodity Data:**
- Gold Closing Price: $1817.00
- Crude Oil Closing Price: $75.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $454,533,186,244
- Hash Rate: 299630548.4861114
- Transaction Count: 292748.0
- Unique Addresses: 644967.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Goldman Sach's gives its list of high Sharpe ratio stocks. Andrew Kelly/Reuters US stocks rose on Friday and finished off their best week since November. All three indexes gained despite warnings from major banks of tough times ahead. JPMorgan, Citigroup, and Bank of America have forecast a mild recession to hit the economy in 2023. US stocks gained on Friday amid warnings from major banks of tough economic times ahead. All three indexes fell Friday morning, but posted steady gains through the day to end in the green. In particular, S&P 500 rose to finish its best week since November, when investors bet inflation would decline into the new year. Executives from JPMorgan, Citigroup, and Bank of America said they expect a mild recession to hit the economy this year. JPMorgan CEO Jamie Dimon pointed to several headwinds that could rattle the economy, such as the ongoing war in Ukraine, high interest rates, and inflation, which is still well-above the Federal Reserve's 2% target. Still, consumers have grown more optimistic, with the US Michigan consumer sentiment survey clocking in at a nine-month high of 64.6 in January, up from 59.7 in December. The 10-year Treasury yield ticked higher by six basis points to 3.51%. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 3,999.08, up 0.4% Dow Jones Industrial Average : 34,302.61, up 0.33% (112.64 points) Nasdaq Composite : 11,079.16, up 0.71% Here's what else is happening today: Tesla's price cuts show that Elon Musk isn't going to "play nice" and the EV-maker is going on offense to spur demand, Wedbush said. "Dr. Doom" Nouriel Roubini said the Fed will wimp out on its inflation fight—and gold could be the best protection for investors. Stocks will suffer this year as a recession hits, but it could be the time to load up on bonds, PIMCO said. More than half of the CPI components are in deflation mode, and that could mean good news for the market, according to Fundstrat. China's trade with Russia just hit a record $190 billion in 2022, a sign the two nations are strengthening their trade ties amid western sanctions. The Chinese government is buying Alibaba and Tencent shares that give the Communist Party special rights over some business decisions, a report said. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude gained 1.8% to $79.87 per barrel. Brent crude, the international benchmark, rose 0.2% to $85.30. Gold tacked on 1.1% to trade at $1,919.57 per ounce. The 10-year Treasury yield ticked higher six basis points to 3.51%. Bitcoin gained 2.6% to $19,363.67. Read the original article on Business Insider...
- 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.
|
23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02
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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:**
["[ Source ] A fugitive drug lord in Thailand who evaded authorities for months by transforming himself to pass as a Korean man was finally arrested by the local police in Bangkok on Thursday. The 25-year-old suspect, identified as Saharat Sawangjaeng, underwent multiple plastic surgeries and adopted the alias “Jimin Cheong” to successfully elude arrest after being on the run since Dec. 2022. Sawangjaeng is accused of importing the psychoactive drug methyl\u200benedioxy\u200bmethamphetamine (MDMA) , commonly seen in tablet form (ecstasy) and crystal form (molly), from the Netherlands and other parts of Europe to Thailand. The Metropolitan Police Bureau (MPB) considers him “one of the main causes of Bangkok’s MDMA epidemic.” More from NextShark: Asian American Advocates Team Up on Easter to Support FDNY EMS Investigators monitoring the movement of ecstasy to local distributors across Bangkok traced the drugs to what witnesses described as a “handsome Korean man.“ An undercover officer posing as a prospective drug mule eventually led to his arrest at a condominium in Bangkok’s Bang Na district. The officers were shocked to discover that the “Korean man” they arrested was the same man they arrested three times before as “none of his original face was left.” In his previous arrest over an assault charge, police recovered 290 ecstasy pills and 4.4 pounds of narcotics in liquid form in his possession. He managed to escape detention and began altering his appearance to avoid arrest. More from NextShark: Man Arrested for Stabbing Burmese Man and His Son in Texas Sam's Club After being apprehended last week, Sawangjaeng told authorities that he was bored with his life in Thailand and wanted to start a new life by moving to South Korea. Upon questioning, the suspect admitted to using Bitcoin to purchase drugs on the Dark Web and selling them to local buyers in Bangkok. He has since been charged with the illegal importation of narcotics. According to Thai police, Sawangjaeng’s arrest opens up the local investigation into more suspects from foreign countries involved in the illegal drug trade. Story continues More from NextShark: Gemma Chan Becomes the Face of the World's Biggest Beauty Brand Enjoy this content? Read more from NextShark! Los Angeles-Hong Kong business class fare reaches $13,000 after quarantine requirements dropped", "[ Source ] A fugitive drug lord in Thailand who evaded authorities for months by transforming himself to pass as a Korean man was finally arrested by the local police in Bangkok on Thursday. The 25-year-old suspect, identified as Saharat Sawangjaeng, underwent multiple plastic surgeries and adopted the alias “Jimin Cheong” to successfully elude arrest after being on the run since Dec. 2022. Sawangjaeng is accused of importing the psychoactive drug methyl\u200benedioxy\u200bmethamphetamine (MDMA) , commonly seen in tablet form (ecstasy) and crystal form (molly), from the Netherlands and other parts of Europe to Thailand. The Metropolitan Police Bureau (MPB) considers him “one of the main causes of Bangkok’s MDMA epidemic.” More from NextShark: Asian American Advocates Team Up on Easter to Support FDNY EMS Investigators monitoring the movement of ecstasy to local distributors across Bangkok traced the drugs to what witnesses described as a “handsome Korean man.“ An undercover officer posing as a prospective drug mule eventually led to his arrest at a condominium in Bangkok’s Bang Na district. The officers were shocked to discover that the “Korean man” they arrested was the same man they arrested three times before as “none of his original face was left.” In his previous arrest over an assault charge, police recovered 290 ecstasy pills and 4.4 pounds of narcotics in liquid form in his possession. He managed to escape detention and began altering his appearance to avoid arrest. More from NextShark: Man Arrested for Stabbing Burmese Man and His Son in Texas Sam's Club After being apprehended last week, Sawangjaeng told authorities that he was bored with his life in Thailand and wanted to start a new life by moving to South Korea. Upon questioning, the suspect admitted to using Bitcoin to purchase drugs on the Dark Web and selling them to local buyers in Bangkok. He has since been charged with the illegal importation of narcotics. According to Thai police, Sawangjaeng’s arrest opens up the local investigation into more suspects from foreign countries involved in the illegal drug trade. Story continues More from NextShark: Gemma Chan Becomes the Face of the World's Biggest Beauty Brand Enjoy this content? Read more from NextShark! Los Angeles-Hong Kong business class fare reaches $13,000 after quarantine requirements dropped", 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin stays rooted near the $23.5K threshold. Ether and many other major cryptos trade flat.\nInsights:China-based developers can interact with layer 1 blockchain Conflux, but the protocol\'s relationship with the country remains complicated.\nCoinDesk Market Index (CMI)\n1,091\n−3.3▼0.3%\nBitcoin (BTC)\n$23,418\n−88.7▼0.4%\nEthereum (ETH)\n$1,631\n−7.5▼0.5%\nS&P 500\n3,982.24\n+12.2▲0.3%\nGold\n$1,824\n+7.0▲0.4%\nNikkei 225\n27,423.96\n−29.5▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23.5K\nBitcoin continued its weekend encampment near $23,500 into Monday as investors spent yet another day weighing fiendishly stubborn inflation and the prospects of the U.S. Federal Reserve hiking interest rates more hawkishly than was previously expected.\nThe largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 basis point rate increase instead of 25 bps.\n“Markets of late have been pricing in rates that will remain higher for longer than previously anticipated because of inflation numbers that seem to be rather stubborn," Brent Xu, CEO and co-founder of Web 3 bond-market platform Umee, wrote in an email to CoinDesk. "A possible 50-basis-point hike could be in the offing now, too."\nYet Xu also noted hopefully that crypto markets have not seen "a massive drawdown ... that the more alarmist crypto Twitter commentators have been warning about."\n"I suspect that we haven’t seen a massive pullback because the forced sellers have already sold," he wrote, adding: "Last year’s daisy chain of blowups appears to have mostly come to an end. This isn’t to say that we can’t go lower from here. But a bottom for this cycle is probably in now, and in turn we are probably in an accumulation phase. I think we need to be prepared for sideways action for some time.”\nEther was almost equally flat, changing hands at about $1,630. Most other major cryptocurrencies were flat or edged down slightly with layer 2 platform Polygon\'s MATIC token and decentralized finance protocol Aave\'s AAVE token both recently down about 3%. TheCoinDesk Market Index, a measure of crypto markets overall performance ticked down about 0.36%.\nAfter a week to forget, equity markets returned to their winning ways, however slightly. The tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all ticked up a few fractions of a percentage point. Treasury yields dipped slightly but remained fretfully high at above $3.90 on a 10-year note.\nTo be sure, some crypto news Mondaywas ominousfor markets, none more thana reportby crypto asset manager CoinShares that short-bitcoin funds had $10 million in inflows during the week ended Feb. 24 and that long-bitcoin funds bled $12 million, the third straight weekly outflow. Later in the day, crypto exchange Coinbasetweetedthat itwould suspendtrading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards – the latest body blow to the stablecoin sector.\nYet, at least one other analyst was feeling at least partly upbeat about crypto prices\' path forward. In an interview with CoinDesk TV, Bruno Ramos de Sousa, head of new markets at crypto asset manager Hashdex, said that markets were "in the recovery phase already ... past the bottom." Ramos de Sousa noted increased interest among institutional investors in recent months.\n"They\'re educated in the sector, and they\'re looking for interesting windows to come in," he said. "These are hedge funds, family offices, people concerned with bottoms and ups."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.6%", "DACS Sector": "Computing"}]\nLayer 1 Blockchain Conflux Has a Complicated Relationship With China\nBeijing is pro-blockchain, but anti-crypto. It sees the former as a key technology, as important in the 21st century as the hypertext transport protocol (HTTP) was in the 20th; the latter is a speculative asset that inhibits the worst parts of capitalism.\nMeanwhile, "China" tokens are surging. "China" is in quotes because most of these projects like NEO, VeChain (VET), and Conflux (CFX) go to great lengths to limit their exposure to China. They have development teams in China, but the company is registered offshore.\nYou can use the technology within the country, just not trade the token. A version of NEO is available onChina’s Blockchain Service Network, for instance, but this exists as a seperate universe from the NEO the rest of the world sees in order to comply with local law.\nIn many cases, these tokens are divorced from the project. You can’t see China data on-
**Last 60 Days of Bitcoin's Closing Prices:**
[16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-28
**Financial & Commodity Data:**
- Gold Closing Price: $1828.90
- Crude Oil Closing Price: $77.05
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $450,034,006,294
- Hash Rate: 293209893.8756949
- Transaction Count: 332358.0
- Unique Addresses: 731797.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The U.S. added 223,000 jobs in December, the Bureau of Labor Statistics said Friday in its monthly nonfarm-payrolls report, down from a revised 256,000 jobs in November and higher than economists' forecasts for 200,000. The unemployment rate fell 3.5%, versus expectations that it would remain at 3.7%. The price of bitcoin ( BTC ) was steady at $16,750 in the minutes following the release of the report. Even though the headline jobs number topped expectations, the trend of slowing growth is clear. Monthly job gains in the first half of 2022 were routinely above 300,000, and December's number is the lowest since April 2021. In addition, the closely watched wages details were softer than forecast. Average hourly earnings rose 0.3% in December, down from 0.4% growth in November and below expectations for an 0.4% increase. On a year-over-year basis, average hourly earnings rose 4.6% in December, below expectations for 5% growth. Combined with reports earlier this week showing continued weakness in the manufacturing sector, the jobs figures may be enough for the Federal Reserve to note that its rate hikes in 2022 are slowing down the economy. In its December meeting, the Federal Open Market Committee lowered its interest-rate hike to 0.5 percentage point from the 0.75 percentage point it had increased its benchmark rate at its previous four meetings. Before Friday's jobs report, traders had been split on whether the Fed would increase rates by 0.25 percentage point at its next meeting in February. Following the report, the odds have shifted slightly more toward an expectation of a 0.25 point increase....
- 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.
|
23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto is once again becoming the domain of short sellers.\nInsights:Interpretations of copyright law around the principle of digital-first sales are stuck in the Napster era, and haven\'t caught up to blockchain.\nCoinDesk Market Index (CMI)\n1,088.86\n−18.1▼1.6%\nBitcoin (BTC)\n$23,141\n−313.6▼1.3%\nEthereum (ETH)\n$1,607\n−22.3▼1.4%\nS&P 500 daily close\n3,970.15\n−12.1▼0.3%\nGold\n$1,831\n+14.4▲0.8%\nTreasury Yield 10 Years\n3.92%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nChina Tokens Lead Declines\nAs Asia opened for business on the first day of March a number of China tokens were squarely in the red.\nWeb3 ecosystem token Neo, which is part of China’s nationalBlockchain Service Network, is downapproximately 8%. Conflux’s CFX token, which is unique as its token isused by China dapp developers, is down 12.5%. Filecoin’s FIL tokendeclined 5.5%.\nShort interest on these tokens continues to build, according todata from CoinGlass. NEO is split down the middle between long and shorts, at 50.26% and 49.74% respectively, while CFX has dipped into majority short territory at 52.71%. Filecoin’s FIL, for its part, is nearly even.\nMeanwhile, bitcoin and ether are also beginning the day in the red. Bitcoin is opening the business day in Asia at $23,141, down 1.3% while ether is at $1,607, down 1.4%.\nCoinGlass data shows a nearly even split between longs and shorts for bitcoin and ether.\nTraders might be looking to initial jobless claim numbers, scheduled to be released Thursday, for guidance.\nAt the same time, there’s still a concern about alack of market liquiditycausing stakeholders to be worried about everything from price swings todelayed token launches.\nAll eyes will be on bitcoin to see if it can push back and maintain $25,000, or if we are going back to $20,000.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.0%", "DACS Sector": "Entertainment"}]\nNFTs\' \'Digital First Sale\' Problem\nLike many things in crypto, the law hasn’t caught up to the speed at which the industry moves.\nThat includes copyright law.\nBased on a current but outdated reading of the law, the entire secondary market for non-fungible tokens (NFT) is illegal. And the original creators of the NFTs could – based on how the law is currently understood – invalidate the entire secondary market.\nAll because of something called the "first sale" doctrine and the current lack of a digital counterpart.\nWhy is there no digital counterpart? Because the courts’ understanding of technology is stuck in the Napster era.\nThe disc is yours, the IP mine\nDo you have a Blu-Ray copy of "2001: A Space Odyssey"? Go ahead and sell it once you are done watching it. The disc is yours after all. But that same version downloaded from Amazon Prime’s store? You don’t own it. It’s not yours to sell.\nThis is the tricky world of the ‘first sale’doctrine, outlined in 17 U.S. Code § 109. The law holds that you can sell your property, even when it contains copyrighted intellectual property such as a Blu-Ray disc of a movie or even a painting.\nBut should that copyrighted material exist in digital form, such as a movie in file format, a video game from the Xbox Live Store or a monkey jpeg, this is where things get complicated – and illegal.\nWhy? Because courts think there’s no effective way to transfer a copyrighted digital file from one party to another while ensuring the original is deleted (therefore the file isn’t reproduced, rather than just transferred).\nWriting in theWake Forest University Journal of Business & Intellectual Property Law, Joshua Durham explores the intersection of NFTs and the principle of digital first sale, a legal framework that was heavily debated during the turn-of-the-century days of Napster but now is in need of an update.\nCentral to the debate over the digital Right of First Sale is the "exhaustibility" of files.\nWhen you sell a Blu-Ray or a book to someone, they have the sole ability to enjoy it. But with computer files, there is no concept of ownership – you are simply given a license to use it – and courts haven’t gotten comfortable with confirming that a file is deleted on the first user’s computer. After all, files aren’t "exhaustible"; they can be copied an infinite amount of times. Or in crypto parlance, \'double-spent."\nDurham highlights that the U.S. Copyright Office would not allow for a principle of “digital first sale” because it would have required a mechanism to ensure confirmation of the deletion of the sender’s copy or some form of automatic deletion.\nThis is why digitally purchased movies and games come wrapped in Digital Rights Management software that controls how you can use the file.\nAround 2011, a firm called ReDigi tried to provide an online digital peer-to-peer marketplace that attempted to respect the first sale principle and take it into the digital era.\nOn ReDigi users would “forward and delete files.” There would never be two copies of the same file.\nThe courts didn’t like it, and found that it reproduced files and was thus an unauthorized reproduction, although the original was destroyed.\n“Policymakers have concluded that since digital transmissions required reproducing a copy of a file (the work), digital transmissions infringed on the exclusive right of reproduction,” Durham writes. “A digital distribution of a reproduced copy was thus unlawfully made, and beyond the scope of the first sale doctrine.”\nDouble-spending and blockchain\nBut all of this seems a bit outdated for the blockchain era.\nAfter all, blockchain’s key tenet is the prevention of double-spending. Or, to put it another way, you can’t reproduce a bitcoin or an NFT. Should you be able to do this then crypto wouldn’t have scarcity since it would be infinitely reproducible.\nDouble-spend attacks are a critical threat to blockchains and much is done to try and prevent them.\nSo for NFTs, there can’t ever be two of the same tokens. During a transfer of an NFT there’s no reproduction or transmission like there would be for ReDigi’s marketplace. There’s no infringement on the right of reproduction.\nThis is something that’s only possible with blockchain, before we were just sending copies of the file which wouldn’t qualify for protection under the first sale doctrine.\n“Any unscrupulous NFT creator may invalidate all secondary sales of their NFTs through the outdated reading of § 109,” Durham writes.\nAfter all, they didn’t authorize the sale. In a direct reading of the law, it would be similar to Apple going after someone selling copies of songs they have obtained from iTunes.\nOf course, this isn’t going to happen. NFT creators expect, and almost always want, a lively secondary market.\nBut it’s a case of the law not catching up to the times. On one hand blockchain technology satisfies all the problems prior cases have identified with the nature of digital first sales. It’s just that there needs to be clarification from the courts, so there’s no monkey business.\nETHDenver 2023\n12:00 p.m. HKT/SGT(4:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/Feb)\n2 p.m. HKT/SGT(6:00 UTC)United States ISM Manufacturing PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase to Suspend Binance USD Stablecoin; Bitcoin Hovers Near $23.5K\nCoinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange announced in a tweet Monday. Lumida CEO and co-founder Ram Ahluwalia shared his reaction. Separately, Forbes reported that Binance moved $1.8 billion of collateral meant to back its customers\' stablecoins to hedge funds last year. Forbes Director of Data and Analytics Javier Paz joined the conversation. And, bitcoin (BTC) continued its weekend encampment near $23,500. Options Insights founder Imran Lakha shared his crypto markets analysis.\nProposed Bitcoin Vault Feature Could Thwart Malicious Hackers:The feature is still in draft form and would require a soft fork in order to be adopted into Bitcoin Core.\nThe Future of Crypto Markets Will Be Driven by Developments in the East:Crypto investors need to keep an eye on geopolitical shifts playing out on the regulatory landscape, specifically some upcoming changes in Asia.\nGoldman Sachs Says It’s Open to Adding Staff to Digital Assets Team, Bloomberg:The investment bank’s tokenization platform was used by Hong Kong to sell digital bonds last week.\nDeFi Trading Platform Aurox Seeking Funding at $75M Valuation:The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.\nDapper Labs Ruling Dunks on Private Networks:A landmark ruling is bringing the NBA Top Shots creator back to court, and potentially opening up securities concerns for other NFTs.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto is once again becoming the domain of short sellers. Insights: Interpretations of copyright law around the principle of digital-first sales are stuck in the Napster era, and haven\'t caught up to blockchain. Prices CoinDesk Market Index (CMI) 1,088.86 −18.1 ▼ 1.6% Bitcoin (BTC) $23,141 −313.6 ▼ 1.3% Ethereum (ETH) $1,607 −22.3 ▼ 1.4% S&P 500 daily close 3,970.15 −12.1 ▼ 0.3% Gold $1,831 +14.4 ▲ 0.8% Treasury Yield 10 Years 3.92% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET China Tokens Lead Declines As Asia opened for business on the first day of March a
**Last 60 Days of Bitcoin's Closing Prices:**
[16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-01
**Financial & Commodity Data:**
- Gold Closing Price: $1837.70
- Crude Oil Closing Price: $77.69
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $457,387,589,831
- Hash Rate: 363837094.5902782
- Transaction Count: 381932.0
- Unique Addresses: 826824.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A solo Bitcoin miner with an average hashing power of just 10 TH/s (terahashes per second) won the race to add block 772,793 to the Bitcoin blockchain on Friday. At the time the block was added, Bitcoin's total hash rate was just over 269 exahash per second, meaning the solo miner's 10 TH/s hash rate represented just 0.000000037% of the blockchain's entire computational power. Put simply: It was an extremely unlikely win for an individual miner. Congratulations to miner 1CEmkQkgiCMx6DHSDkHi53mL8oEthCZSw with only 10TH who solved a solo block at https://t.co/UWgBvLkDqc ! https://t.co/0O7A7KR4eu Dr. Con Kolivas (@ckpooldev) January 20, 2023 Despite the odds stacked against them, the solo miner was the first to produce a valid hash for the block to be mined. In return, the miner received 98% of the total 6.35939231 BTC allotted for the block reward and fees. The remaining 2% went to Solo CK Pool, an online mining service that facilitates individual mining. Bitcoin's randomness and probabilities coded for luck and work To add a block to a proof-of-work blockchain like Bitcoin, the miner must be the first to calculate a valid hash for the block, which can only be discovered using brute computational force. Mining machines run an encryption algorithm to produce a hash that falls below a threshold specified by the network. If the algorithm produces a value that is above the hash target, the miner tries the algorithm again with a slightly altered input to produce a completely new value for the hash. Miners built specifically to perform this function are able to compute trillions of unique hashes each second. However, even if a miner's machine were able to only produce one hash per second, it is theoretically possible that the algorithm's first output could be a valid hash to solve the block. Story continues What were the odds? The chances of adding a block as a solo miner are determined by the number of hashes the miner's rig is computing per second in relation to the total number of hashes that all of the machines on the network are computing each second. According to a post from user Willi9974 on the BitcoinTalk forum less than an hour after block 772,793 was solved, the lucky solo miner had an average hash rate over the previous hour of 10.6 TH/s. The information posted on BitcoinTalk also revealed that the ~10 TH/s was the combined power of four machines (called "workers"). This suggests that this solo miner's rig was likely made up of four USB stick Bitcoin miners, which can individually achieve a hash rate of around 3 TH/s and cost roughly $200 each. Using the difficulty level included in block 772,793 and assuming the solo miner's rig was computing 10 TH/s, it is possible to calculate the total estimated hash rate as 269,082,950 TH/s at the time the block was solved. Based on this, the odds of this solo miner being the first to solve the block with a valid hash are one in 26.9 million. Statistically, that means that if the same circumstances were repeated infinite times, the solo miner would add the block 0.000000037% of the time, on average. Unlikely, but not impossibleand this has happened before While this scenario was extremely unlikely, similar "once-in-a-lifetime" events in Bitcoin mining have happened before. One year ago , in less than two weeks , there were three different solo miners that solved blocks with improbable hash ratesthe third's hash rate was apparently just 8.3 TH/s in comparison to the estimated 190,719,350 TH/s total hash rate, which comes out to a one in 23 million chance (or 0.000000044%). A hash is either valid and thus solves the block, or it isn't. There is no strategy involved, as the entire system is based on the random generation of hash values and the response mechanisms of the network to maintain core probabilities. Bitcoin runs on code and formulas, so a solo miner somehow solving the next four blocks is perfectly possible within Bitcoins mathematical system. Mining pools remain the usual winners Anecdotes about solo miners like these could end up introducing a new hobby to the ever-hopeful. However, the vast majority of blocks added to the Bitcoin blockchain today have been produced by large pools of mining rigs that combine their hashing power and share earnings. In doing so, each miner's contribution is rewarded proportionally each time the pool mines a block. According to blockchain explorer and mining pool BTC.com , the largest Bitcoin mining pool is currently Foundry USA, with its collective 90.19 EH/s computing power making up 31.3% of the network's total hash ratewhich means they earn a share of the block rewards and fees for one in every three blocks, on average. Mining pools date back to 2010 and have steadily captured greater shares of hash rate distribution year over year as mining difficulty increased and mining technology improved. Today, at least 98% of Bitcoin miners online belong to a mining pool....
- Reddit Posts (Sample): [['u/Appropriate_Bug7466', 'PSA to miners and node operators in Illinois, USA', 227, '2023-03-01 01:19', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/', 'As many of you have surely heard, senate bill 1887 as proposed would essentially outlaw mining, validating, and running a node in Illinois (in the name of consumer protection). Whether this is an act of criminal incompetence or underhandedness is unclear.\n\nDoes this stop bitcoin? Of course not, but that doesn’t mean we want it slowed down either - better to win without fighting the war.\n\nIf you live in Illinois I urge you to contact your house representative on this matter. \n\nYou can find your representative by your address at:\n\n[Illinoispolicy.org/maps/illinois-house/#](https://Illinoispolicy.org/maps/illinois-house/#)\n\nAfter looking that up you can also look up more contact details at:\n\n[Ilga.gov/house/](https://Ilga.gov/house/)\n\nI just left voice messages and an email urging my representative to oppose SB1887 in its current form as it is unworkable and would drive talent, innovation, and business in the crypto industry out of state.', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/', '11eoqw4', [['u/SeemoarAlpha', 49, '2023-03-01 02:23', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafg77i/', 'Better yet, move. The state is headed for bankruptcy and a few proposals include heavily taxing BTC. Illinois ranks 48th, just ahead of Connecticut and New Jersey, in financial stability.', '11eoqw4'], ['u/cabinfvr', 25, '2023-03-01 02:35', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafhtbb/', "Illinois is in a death spiral. Don't let them take you down with them. Agree, move.", '11eoqw4'], ['u/clue5tick', 32, '2023-03-01 02:37', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafi1mg/', 'Sue the hell out of them. \n\nNothing like a good First Amendment penalty to focus their corrupt little brains.', '11eoqw4'], ['u/Sweaty-Play-9746', 10, '2023-03-01 02:50', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafjr6y/', 'That State sounds a lot like a Communist Venezuela in early stages…', '11eoqw4'], ['u/soliton-gaydar', 61, '2023-03-01 03:00', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafl2xp/', 'As if anyone needed another reason to leave Illinois.', '11eoqw4'], ['u/mossyoaktoe', 16, '2023-03-01 04:53', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafzq66/', 'That state has no problem infringing on the 2nd amendment, I doubt they hesitate to continue the same with the 1st.', '11eoqw4'], ['u/Magnus826', 42, '2023-03-01 05:10', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jag1qx6/', "Thank you! I'm in Illinois.", '11eoqw4'], ['u/igadjeed', 11, '2023-03-01 05:47', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jag5z9u/', '> criminal incompetence\n\nThis\n\n> a court may order any appropriate blockchain transaction for digital property or for the execution of a smart contract. Provides that a blockchain network that processes a blockchain transaction originating in the State at any time after the effective date of the Act shall process a court-ordered blockchain transaction without the need for the private key associated with the digital property or smart contract \n\n...\n\n> civil penalty of between $5,000 and $10,000 for each day that the blockchain network fails to comply with the order', '11eoqw4'], ['u/Double-LR', 19, '2023-03-01 06:33', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagangd/', 'Weapon grade ignorance. What moron wrote this crap? I’d love to know who it is. I’m betting they look the part.', '11eoqw4'], ['u/Odd-Living5845', 24, '2023-03-01 06:35', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagawmz/', 'TOR to the rescue.\nThese boomer politicians are destroying the country', '11eoqw4'], ['u/igadjeed', 11, '2023-03-01 06:36', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagb0p8/', "It appears to be copied from the Craig Wright lawsuit against Bitcoin developers. He's asking a UK court to order the developers to change the Core code so that he can be paid the coins for which he claims he lost the keys", '11eoqw4'], ['u/Double-LR', 12, '2023-03-01 06:50', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagcb1c/', 'Oh. It’s Craig! Now it makes sense why it’s so stupid. Thanks for the info.', '11eoqw4'], ['u/pcvcolin', 21, '2023-03-01 09:46', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagqbfr/', "^ Oppose this Illinois idiocy - and also advocate against certain Congresspersons' attempts to limit mining based on ESG reporting. Proof of work has also become the target of worthless partisan bureaucrats in three-letter agencies - be ready for court battles in the USA on this issue.\n\nSee:\n\nhttps://www.satoshiaction.io/so/b0OQJlZ_A?languageTag=en&cid=21afbe68-15af-491e-9c57-3efab0c2d41a", '11eoqw4'], ['u/kajunkennyg', 10, '2023-03-01 12:24', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jah1oax/', 'All the states are headed for bankruptcy. California went from having a 100b surplus to 25b deficient in ten months.', '11eoqw4'], ['u/SnooMachines7409', 16, '2023-03-01 16:28', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jahu5pj/', "I recommend not fighting the dinosaurs, they would die in next 1-2 halvings. Use TOR if you're in Illinois.", '11eoqw4']]], ['u/Elias_Swanberg', 'Neckbeard fails college "because of women"', 92, '2023-03-01 03:49', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/', 'Idk if this actually falls into the neckbeard category so you decide\n\n Also plz read Vincy \n\nAt work this guy "A" was bragging about his lifestyle, he told everyone he was a huge "playboy" in college. A also referred to Women as Females or Sluts. A told everyone that he was studying to be a history teacher and that it was going to be very easy because he\'s "a genius that knows history better than most people". Well his first attempt to make himself "look cool" was hitting on a lesbian couple claiming he can "give them a great time" and " turn them straight again". A really sucked at his job so people disliked him very quickly (we stacked boxes in trailers and couldn\'t stack walls to save his life) and always claimed he was tired or distracted by all the women he was chasing. Well at the end of December (2022) he randomly told everyone he had to quit because he flunked college with a .4 GPA and that it was all women\'s fault for "seducing" him and "dressing slutty". A left after calling the lesbian girls sluts and claimed they sent him lewd pics, and that he was willing to give to all the other guys who worked there the pics luckily everyone declined and threatened to report him but he quit before they could. \n\nSide notes: A also told all the men his "flawless secret " to pickup girls was to just buy them things until they "owe you sex" \nHe also kept trying to invest in my band (work in progress) by using Bitcoin scams and by boosting our popularity by hiring girls... sorry "Females" to go to shows.\nHe was also a follower of Andrew Tate and called himself an alpha male and he for some reason called me a Chad for being single (by my choice I have problems I need to work on)', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/', '11es3bj', [['u/Affectionate-Cat8372', 13, '2023-03-01 14:56', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/jahhapv/', 'Vincey’s reading of “Wolf-beard” will never not be legendary. Often I just put it on to have a laugh at the adventures of Wolf-Beard and Miss Piggy. Man I hope he reads this one too', '11es3bj']]], ['u/coops8D', 'All my ETH was stolen from Ledger wallet', 29, '2023-03-01 05:20', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/', 'Looking for some advice here - I moved all my crypto to Ledger, and I have just checked it and noticed it is all gone...\n\nAll I can see my ledger ETH wallet https://etherscan.io/address/0xeb17edb78d48ff2f3b1ef5a329983a43d917bddc\n\nand it going to this wallet https://etherscan.io/address/0x87c69e3c7ac26af7f50283bee794922b627dd529\n\nHow does this happen? My seed phrase is offline.\n\n\nEDIT: They also drained my ERC20 wallet with bunch of random coins there: https://etherscan.io/address/0xf76d555208fb7de91456a205e71f50b372156964\n\nAlong with all my MATIC https://polygonscan.com/tx/0x658acc17f7858297796ca1e1edcadcc058cd6967cc2b220df9bceae3ed5ec033\n\nand a bit of BTC that was for my daughter https://blockstream.info/tx/b70a1fd868f95b85abd28e7f5b87f100049cf152341232a0007293edb3c52408\n\nEDIT: same with all my loopring https://etherscan.io/tx/0x1e81db2f2eed58314f5345c7425faaf65d46118a7156cf6a72bdcaf34e387fc7\n\nLedger was purchased from the website in 2017 and seed phrase is offline on a metal card', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/', '11eu0ee', [['u/Mountain_Discount_94', 17, '2023-03-01 05:35', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_...
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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23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41
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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 Herbert Lash and Joice Alves\nNEW YORK/LONDON (Reuters) - The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation.\nThe yield on two-year Treasury notes, which are sensitive to interest rate expectations, shot to levels last seen in July 2007 as the market perceives the Fed will raise rates further to curb rising consumer prices.\n"This move higher that you\'re seeing in U.S. rates is not happening in isolation," said Alvise Marino, macro trading strategist at Credit Suisse in New York.\n"Similar developments are happening in the rest of the world, in particular in Europe, mostly notably, where the inflation data keeps on surprising relatively strong," he said.\nAtlanta Fed President Raphael Bostic said on Thursday that the U.S. central bank was ready to keep lifting rates higher if inflation doesn\'t slow and was still mulling how recent, stronger-than-anticipated inflation data might shape Fed policy.\nThe impact of higher rates on the economy may only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases, Bostic said.\n"There\'s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto.\nFutures edged higher, with the market pricing a peak rate climbing to 5.493% in the fed funds by September, before easing a bit later in the session to 5.447%.\nThe number of Americans filing new claims for unemployment fell again last week, pointing to a still strong jobs market. Another Labor Department report showed labor costs grew much faster than previously estimated in the fourth quarter.\nGraphic: US jobs https://www.reuters.com/graphics/GLOBAL-MARKETS/THEMES/znpnbxnkepl/US_jobs.jpg\nThe euro slid on data that showed inflation in the euro zone was not as high as investors had feared but remains elevated. Inflation eased to 8.5% from 8.6% in January on lower energy prices.\nThe dollar index, a basket of major trading currencies, rose 0.623%, while the euro fell 0.71% to $1.0589.\nThe market\'s reaction to the euro zone data was muted at first following the euro\'s 0.9% rise against the dollar on Wednesday, its biggest daily gain in a month, after data showed prices in Germany rose more than hoped last month.\nInvestors now see the ECB\'s 2.5% deposit rate rising by a combined 100 basis points in March and May, then to around 4.1% at the turn of the year. Markets have priced in an extra 50 basis points of hikes in just the past month.\nPolicymakers were split in February on the type of signal they should send about the ECB\'s next rate move, accounts of the central bank\'s meeting on Feb. 2 showed on Thursday.\nSterling was held back by remarks from Bank of England Governor Andrew Bailey, who said "nothing is decided" on future rate increases, which led traders to trim bets on higher rates. Sterling traded at $1.194, down 0.76% on the day.\nThe Japanese yen weakened 0.44%, while the Australian and New Zealand dollars moved lower after strong gains on Wednesday driven by Chinese manufacturing data.\nThe offshore Chinese yuan rose 0.70% to $6.9265 per dollar.\nInvestors are looking ahead to China\'s National People\'s Congress meeting, which begins on Sunday, for guidance on policy support for the post-COVID recovery.\nBitcoin fell 0.81% to $23,442.00 after shares of Silvergate Capital Corp fell more than half when the crypto-focused bank delayed its annual report and said it had sold additional debt securities.\nCurrency bid prices at 3:24 p.m. (2024 GMT)\nDescription RIC Last U.S. Pct Change YTD Pct High Bid Low Bid\nClos Change\ne\nPrev\nious\nSes\nsion\nDollar index 104.9700 104. +0.58% 1.430% +105.1800 +104.3300\n3800\nEuro/Dollar $1.0597 $1.0 -0.68% -1.10% +$1.0672 +$1.0577\n670\nDollar/Yen 136.7450 136. +0.38% +4.29% +137.0900 +136.0300\n2200\nEuro/Yen 144.90 145. -0.27% +3.28% +145.5600 +144.7800\n29\nDollar/Swiss 0.9415 0.93 +0.21% +1.84% +0.9439 +0.9395\n98\nSterling/Dollar $1.1945 $1.2 -0.67% -1.23% +$1.2035 +$1.1924\n025\nDollar/Canadian 1.3599 1.35 +0.05% +0.37% +1.3641 +1.3586\n92\nAussie/Dollar $0.6731 $0.6 -0.41% -1.25% +$0.6766 +$0.6707\n759\nEuro/Swiss 0.9978 1.00 -0.44% +0.84% +1.0041 +0.9975\n22\nEuro/Sterling 0.8871 0.88 +0.08% +0.31% +0.8891 +0.8857\n64\nNZ $0.6220 $0.6 -0.57% -2.02% +$0.6257 +$0.6199\nDollar/Dollar 257\nDollar/Norway 10.4400 10.4 +0.32% +6.39% +10.4930 +10.3900\n080\nEuro/Norway 11.0618 11.0 +0.01% +5.41% +11.1216 +11.0599\n610\nDollar/Sweden 10.5083 10.4 +0.13% +0.97% +10.5345 +10.4310\n300\nEuro/Sweden 11.1365 11.1 +0.13% -0.12% +11.1641 +11.1257\n224\n(Reporting by Herbert Lash, Reporting by Joice Alves in London, additional reporting by Tom Westbrook in Singapore; editing by Emelia Sithole-Matarise and Nick Zieminski)', 'By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) - The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation. The yield on two-year Treasury notes, which are sensitive to interest rate expectations, shot to levels last seen in July 2007 as the market perceives the Fed will raise rates further to curb rising consumer prices. "This move higher that you\'re seeing in U.S. rates is not happening in isolation," said Alvise Marino, macro trading strategist at Credit Suisse in New York. "Similar developments are happening in the rest of the world, in particular in Europe, mostly notably, where the inflation data keeps on surprising relatively strong," he said. Atlanta Fed President Raphael Bostic said on Thursday that the U.S. central bank was ready to keep lifting rates higher if inflation doesn\'t slow and was still mulling how recent, stronger-than-anticipated inflation data might shape Fed policy. The impact of higher rates on the economy may only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases, Bostic said. "There\'s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. Futures edged higher, with the market pricing a peak rate climbing to 5.493% in the fed funds by September, before easing a bit later in the session to 5.447%. The number of Americans filing new claims for unemployment fell again last week, pointing to a still strong jobs market. Another Labor Department report showed labor costs grew much faster than previously estimated in the fourth quarter. Graphic: US jobs https://www.reuters.com/graphics/GLOBAL-MARKETS/THEMES/znpnbxnkepl/US_jobs.jpg The euro slid on data that showed inflation in the euro zone was not as high as investors had feared but remains elevated. Inflation eased to 8.5% from 8.6% in January on lower energy prices. The dollar index, a basket of major trading currencies, rose 0.623%, while the euro fell 0.71% to $1.0589. The market\'s reaction to the euro zone data was muted at first following the euro\'s 0.9% rise against the dollar on Wednesday, its biggest daily gain in a month, after data showed prices in Germany rose more than hoped last month. Story continues Investors now see the ECB\'s 2.5% deposit rate rising by a combined 100 basis points in March and May, then to around 4.1% at the turn of the year. Markets have priced in an extra 50 basis points of hikes in just the past month. Policymakers were split in February on the type of signal they should send about the ECB\'s next rate move, accounts of the central bank\'s meeting on Feb. 2 showed on Thursday. Sterling was held back by remarks from Bank of England Governor Andrew Bailey, who said "nothing is decided" on future rate increases, which led traders to trim bets on higher rates. Sterling traded at $1.194, down 0.76% on the day. The Japanese yen weakened 0.44%, while the Australian and New Zealand dollars moved lower after strong gains on Wednesday driven by Chinese manufacturing data. The offshore Chinese yuan rose 0.70% to $6.9265 per dollar. Investors are looking ahead to China\'s National People\'s Congress meeting, which begins on Sunday, for guidance on policy support for the post-COVID recovery. Bitcoin fell 0.81% to $23,442.00 after shares of Silvergate Capital Corp fell more than half when the crypto-focused bank delayed its annual report and said it had sold additional debt securities. Currency bid prices at 3:24 p.m. (2024 GMT) Description RIC Last U.S. Pct Change YTD Pct High Bid Low Bid Clos Change e Prev ious Ses sion Dollar index 104.9700 104. +0.58% 1.430% +105.1800 +104.3300 3800 Euro/Dollar $1.0597 $1.0 -0.68% -1.10% +$1.0672 +$1.0577 670 Dollar/Yen 136.7450 136. +0.38% +4.29% +137.0900 +136.0300 2200 Euro/Yen 144.90 145. -0.27% +3.28% +145.5600 +144.7800 29 Dollar/Swiss 0.9415 0.93 +0.21% +1.84% +0.9439 +0.9395 98 Sterling/Dollar $1.1945 $1.2 -0.67% -1.23% +$1.2035 +$1.1924 025 Dollar/Canadian 1.3599 1.35 +0.05% +0.37% +1.3641 +1.3586 92 Aussie/Dollar $0.6731 $0.6 -0.41% -1.25% +$0.6766 +$0.6707 759 Euro/Swiss 0.9978 1.00 -0.44% +0.84% +1.0041 +0.9975 22 Euro/Sterling 0.8871 0.88 +0.08% +0.31% +0.8891 +0.8857 64 NZ $0.6220 $0.6 -0.57% -2.02% +$0.6257 +$0.6199 Dollar/Dollar 257 Dollar/Norway 10.4400 10.4 +0.32% +6.39% +10.4930 +10.3900 080 Euro/Norway 11.0618 11.0 +0.01% +5.41% +11.1216 +11.0599 610 Dollar/Sweden 10.5083 10.4 +0.13% +0.97% +10.5345 +10.4310 300 Euro/Sweden 11.1365 11.1 +0.13% -0.12% +11.1641 +11.1257 224 (Reporting by Herbert Lash, Reporting by Joice Alves in L
**Last 60 Days of Bitcoin's Closing Prices:**
[16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-02
**Financial & Commodity Data:**
- Gold Closing Price: $1833.50
- Crude Oil Closing Price: $78.16
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,739,967,312
- Hash Rate: 308191421.3000004
- Transaction Count: 330047.0
- Unique Addresses: 726383.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
UltronGlow, a storage protocol that offers inexpensive, user-priced decentralized storage options, has started its beta program, the company said Wednesday.
The protocol aims to offer more economical and secure storage services than cloud-based, centralized storage providers like Google and Apple, according to its press release. It also aims to facilitate and expand participation in decentralized storage protocols by allowing users to purchase, lease and rent services from almost any type of computer.
UltronGlow joins an increasingly crowded field of decentralized storage networks, such as Arweave, Filecoin and BNB Greenfield, that have grown in popularity as traditional cloud services face mounting cyber security threats. The Interplanetary File System (IPFS), powered by the Filecoin blockchain, for example, experienced a 15-fold increase in the data stored on its network last year,according to Messari.
UltronGlow has 2,500 storage nodes, offering roughly 183 petabytes of data storage.
The platform is well positioned to carve out a space for itself in the crowded decentralized storage market due to its storage capacity and accessibility, Jason Anderson, chief technology evangelist at Ada Byron Foundation told CoinDesk exclusively.
“If you look at the decentralized storage market and Filecoin, for example, there's a barrier to becoming a storage provider because you have to be vetted by the filecoin team, have sufficient hardware, etc., to even open the gate,” said Anderson. “The goal is to promote citizen data, where anybody has the ability to rent out [their extra storage] and reap some reward for doing so.”
UltronGlow’s pricing is also more competitive – and flexible – compared to that of more well-known decentralized protocols, Anderson said.
Storage rental prices on UltronGlow are determined by the protocol’s storage owners. Costs usually hover at around 50 cents per terabyte of storage, but users with a high uplink bandwidth, which expedites the rate at which data is transmitted from one place to another, could charge more for their available storage.
The protocol includes a staking-based check on power that aims to keep pricing honest, disincentivize fraud and minimize abuse between storage owners and renters. It works by requiring storage owners to stake a “small amount” of ultron glow (UTG) that will be slashed by the protocol if owners don’t honor their contractual obligations to the renters.
UltronGlow's setup also would discourage bad actors beyond the protocol, such as hackers who might want to steal users’ data, by allowing for data to be spread out among tens of thousands of nodes instead of keeping all the data in one place such as in centralized data storage providers.
Read More:Filecoin, Storj Tokens Outperform Bitcoin Amid Increased Use of Decentralized Storage Protocols...
- 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.
|
22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.\nInsights:On-chain indicators show that bitcoin’s current price exceeds the cost basis for 70% of unique addresses.\nCoinDesk Market Index (CMI)\n1,105.17\n−15.7▼1.4%\nBitcoin (BTC)\n$23,441\n−224.1▼0.9%\nEthereum (ETH)\n$1,646\n−19.5▼1.2%\nS&P 500 daily close\n3,981.35\n+30.0▲0.8%\nGold\n$1,845\n+7.2▲0.4%\nTreasury Yield 10 Years\n4.07%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning.\nBitcoin (BTC) and ether (ETH) remain fairly flat as Asia starts its business day, despite concerns over the accessibility of future access to banking rails in the U.S.\nBitcoin is trading at $23,441, down 0.9% in the last 24 hours, while ether is down 1.2% and trading at $1,646.\nIn the last 24 hours, access to banking for crypto companies in the U.S. has become a greater concern. Silvergate, which has marketed itself as a crypto-friendly bank, has seen themajority of its client base departfor rival Signature after it delayed filing its annual report with the U.S. Securities and Exchange Commission. In late December, Signature said it was looking to reduce itscrypto-related depositsby $10 billion and is being sued for “substantially facilitating” comingling of funds at FTX.\nAll this is coming after a Jan. 3joint press releasefrom the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) that presented concern over the risks crypto assets place on banking organizations.\nAt the same time, there continues to be optimism coming out of the East.\nIt’s going to be a busy week in China for data releases.\nOn Tuesday, it\'s set to release data on the balance of trade figures for January and February.Analysts are expectinga major jump from $78 billion for the last period to $100 billion.\nYear-over-year export and import data for the period is also expected to improve. Earlier this week,upbeat manufacturing data from Chinapushed bitcoin up by 4%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.6%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nMost Bitcoin Addresses Are Profitable\nBy Glenn Williams Jr.\nA full 70% of bitcoin addresses are profitable, according to data from on-chain analytics firm Glassnode.\nThe “Percent Addresses in Profit” indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom.\nReadings above 95% indicate a potential top. Bitcoin’s current reading falls very much in line with an asset that has been trading in a tight range, as BTC has recently.\nETHDenver 2023\n8:00 a.m. HKT/SGT(00:00 UTC)Eurozone S&P Global Composite PMI (Feb)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Stock Tumbles as Bank Delays Annual Report; Two-Time NBA All-Star Baron Davis on Web3 Outlook\nSilvergate Bank\'s stock was plunging after the crypto-friendly bank said it is delaying the filing of its annual report. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh shared his reaction. Plus, former National Basketball Association All-Star and serial entrepreneur Baron Davis shared his outlook on the Web3 and blockchain space. And, Matrixport head of research and strategy Markus Thielen explained why Ordinals\' non-fungible tokens (NFT) have the potential to push Stacks Network\'s STX into a billion-dollar token.\nBitcoin Miners Are Starting to Emerge From Brutal Crypto Winter:After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.\nCrypto Bank Silvergate Stock Tumbles 45% After \'Going Concern\' Filing:The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report.\nHost of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank:Coinbase\'s change is specific to banking in U.S. dollars and doesn\'t affect payment instructions in pounds or euros.\n401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents:This will be the first index-based digital asset offering available through a 401(k), says ForUsAll.\nEthereum Developers Target March 14 Date for Shanghai Upgrade on Goerli Testnet:The event will be the last “Shapella” dress rehearsal for Ethereum’s upcoming hard fork.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.\nInsights:On-chain indicators show that bitcoin’s current price exceeds the cost basis for 70% of unique addresses.\nCoinDesk Market Index (CMI)\n1,105.17\n−15.7▼1.4%\nBitcoin (BTC)\n$23,441\n−224.1▼0.9%\nEthereum (ETH)\n$1,646\n−19.5▼1.2%\nS&P 500 daily close\n3,981.35\n+30.0▲0.8%\nGold\n$1,845\n+7.2▲0.4%\nTreasury Yield 10 Years\n4.07%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning.\nBitcoin (BTC) and ether (ETH) remain fairly flat as Asia starts its business day, despite concerns over the accessibility of future access to banking rails in the U.S.\nBitcoin is trading at $23,441, down 0.9% in the last 24 hours, while ether is down 1.2% and trading at $1,646.\nIn the last 24 hours, access to banking for crypto companies in the U.S. has become a greater concern. Silvergate, which has marketed itself as a crypto-friendly bank, has seen themajority of its client base departfor rival Signature after it delayed filing its annual report with the U.S. Securities and Exchange Commission. In late December, Signature said it was looking to reduce itscrypto-related depositsby $10 billion and is being sued for “substantially facilitating” comingling of funds at FTX.\nAll this is coming after a Jan. 3joint press releasefrom the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) that presented concern over the risks crypto assets place on banking organizations.\nAt the same time, there continues to be optimism coming out of the East.\nIt’s going to be a busy week in China for data releases.\nOn Tuesday, it\'s set to release data on the balance of trade figures for January and February.Analysts are expectinga major jump from $78 billion for the last period to $100 billion.\nYear-over-year export and import data for the period is also expected to improve. Earlier this week,upbeat manufacturing data from Chinapushed bitcoin up by 4%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.6%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nMost Bitcoin Addresses Are Profitable\nBy Glenn Williams Jr.\nA full 70% of bitcoin addresses are profitable, according to data from on-chain analytics firm Glassnode.\nThe “Percent Addresses in Profit” indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom.\nReadings above 95% indicate a potential top. Bitcoin’s current reading falls very much in line with an asset that has been trading in a tight range, as BTC has recently.\nETHDenver 2023\n8:00 a.m. HKT/SGT(00:00 UTC)Eurozone S&P Global Composite PMI (Feb)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Stock Tumbles as Bank Delays Annual Report; Two-Time NBA All-Star Baron Davis on Web3 Outlook\nSilvergate Bank\'s stock was plunging after the crypto-friendly bank said it is delaying the filing of its annual report. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh shared his reaction. Plus, former National Basketball Association All-Star and serial entrepreneur Baron Davis shared his outlook on the Web3 and blockchain space. And, Matrixport head of research and strategy Markus Thielen explained why Ordinals\' non-fungible tokens (NFT) have the potential to push Stacks Network\'s STX into a billion-dollar token.\nBitcoin Miners Are Starting to Emerge From Brutal Crypto Winter:After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.\nCrypto Bank Silvergate Stock Tumbles 45% After \'Going Concern\' Filing:The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report.\nHost of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank:Coinbase\'s change is specific to banking in U.S. dollars and doesn\'t affect payment instructions in pounds or euros.\n401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents:This will be the first index-based digital asset offering available through a 401(k), says ForUsAll.\nEthereum Devel
**Last 60 Days of Bitcoin's Closing Prices:**
[16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-03
**Financial & Commodity Data:**
- Gold Closing Price: $1847.70
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,188,314,250
- Hash Rate: 359556658.1833338
- Transaction Count: 355273.0
- Unique Addresses: 807383.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market Index (CMI) 1,055 −31.9 ▼ 2.9% Bitcoin (BTC) $22,609 −317.5 ▼ 1.4% Ethereum (ETH) $1,546 −79.4 ▼ 4.9% S&P 500 futures 4,000.00 −32.8 ▼ 0.8% FTSE 100 7,751.40 −6.0 ▼ 0.1% Treasury Yield 10 Years 3.47% ▼ 0.1 BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Top Stories The crypto market slid in the past 24 hours as traders likely took profits after weeks of an uptrend. Ether and dogecoin ( DOGE ) led the declines among major tokens, as each token fell more than 5%, Cardano's ADA and Polygon's MATIC both dropped 4%, while bitcoin lost 1.6%, CoinDesk data shows. The drops caused upward of $173 million in longs, or bets on higher token prices, to be liquidated. Ether futures saw $86 million in liquidations, while traders of bitcoin futures lost $46 million, according to data source Coinglass. Binance mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, Bloomberg reported Tuesday. The exchange issued 94 so-called Binance-peg tokens (B-Tokens), and reserves for almost half of those are stored in a cold wallet called Binance 8. The wallet contains more tokens than required for the number of B-Tokens issued. The issue is, when collateral is pooled together and used for trading, it’s locked up, and clients or holders of assets may not be able to withdraw if the pool is reduced, Laurent Kssis, a crypto trading adviser at CEC Capital, said in a note to CoinDesk. “In essence this means that there is no segregation of assets between clients' funds and any collateral used,” Kssis said. “This could lead to the owner(s) not being able to withdraw due to lack of funds or liquidity by the exchange. The District of Columbia Court of Appeals has set a date to begin hearing oral arguments in Grayscale Investment’s appeal of the Securities and Exchange Commission’s decision to deny the conversion of the Grayscale Bitcoin Trust into an exchange-traded fund, according to a court order filed Monday, CNBC reported. The arguments will take place on March 7, which is sooner than Grayscale had expected. In a tweet on Tuesday, Grayscale said that “we previously anticipated oral arguments to be as soon as Q2 2023, so having them scheduled to begin on March 7 is welcome news.” Grayscale is a sister company of CoinDesk. Story continues Chart of the Day (TradingView/CoinDesk) The chart shows ether's daily price action and shifts in the 50-day and 10-day simple moving averages of the cryptocurrency's price since November. The 50-day SMA is about to top the 100-day SMA, confirming what is known as a bull cross – a closely followed positive technical signal that suggests strengthening of upward momentum and more gains ahead. Some observers argue that crossovers lag prices and are unreliable as standalone indicators. Ether has rallied nearly 30% this month and recently hit a four-month high of $1,680. – Omkar Godbole Trending Posts Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% Yield Solana Liquid Staking Tool Marinade Looks to Bolster Its Token Value With Staked SOL Capture...
- Reddit Posts (Sample): [['u/RonPaulWasR1ght', 'Rules of Etiquette for Bitcoiners.', 39, '2023-03-03 00:16', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/', 'As the late great Biggie Smalls would say: "It\'s rules to this shit, I wrote me a manual." Guys, when this next halving arrives in a little over a year, we\'re going to start to become quite wealthy. Those miners won\'t be able to dump anywhere near as much BTC on the market, and the upward pressure on the price will be palpable. We all know this. Hell, I saw an article that says over 70% of all BTC has been hodled for over a year now. \n\nBut with that wealth comes responsibility. We should be gracious winners, and care about others who are less fortunate. I propose the following:\n\n\\- Only try the orange pill on someone one time. After that, leave it. Talk about the basketball game instead. More than once, you\'re bugging them. They\'ll figure it out on their own time. \n\n\\- Let\'s get rid of "Have fun staying poor." It\'s just, not a nice thing to say. We don\'t need to spike the football. Better would be "good luck with your alt-coin", or whatever. \n\n\\- Let\'s also get rid of "I lost it in a boating accident". That\'s a precious metals kind of saying, and they can have it. How would you lose BTC in a boating accident anyhow? If you know your seed words, you\'d just go and recover it. We\'ve already taken the air out of gold and silver with a far better and more scarce asset, and BTC lives in their heads rent-free. Do we need to steal their saying also? \n\n\\- Never tell anyone how much BTC you own. You can tell them in a roundabout way that requires them to do some math and know about BTC, such as "I have enough BTC that if everyone in New York has as much as I do, there\'d be no BTC left." But never give the actual amount. \n\n\\- Always have a backup wallet, in addition to your daily-use wallet. And keep the vast majority of your BTC in the backup. That way if you get robbed, you only lose the daily-use balance. \n\n\\- Never get frustrated with people who don\'t come around to thinking BTC is great and who aren\'t interested in it. They\'ll come around on their own in time. The legacy banking system still works pretty well for most people in the western world, and people are slow to change something that seems to be working. We have to exercise extreme patience and understanding. \n\nThat\'s pretty much it. Stack on and hodl!!! : - )', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/', '11gjtd1', [['u/Wilynesslessness', 15, '2023-03-03 02:24', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/jap6wj7/', 'I lost coin sailing the digital seas', '11gjtd1']]], ['u/Vice-Tempus', 'Bitcoin Era', 471, '2023-03-03 02:13', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/', "I know a lot of people felt they were at a significant disadvantage during the 1M ruble bitcoin era BUT: does anyone else miss that era of tarkov? \n\nI wasn't 100M in the bank rich but MAN that was a FUN time to play. Bitcoin farm pulling guaranteed money daily. GPUs and Tetris spawning like wildfire in IDEA. \nAbsolute JUICER teams everywhere.\nThe economy was trashed and it felt like everything was lawless. I enjoyed the chaos hahaha", 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/', '11gmxv2', [['u/IIYellowJacketII', 26, '2023-03-03 03:07', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japcjtn/', "I had like 700 million at the end of bitcoin wipe....it was kinda fun but also kinda boring. \n\nBasically everyone had so much roubles that the entire economy part of the game didn't even exist anymore, since you can just buy whatever at all times when you had traders unlocked.\n\nPretty sure I heard of someone farming 5 billion roubles that wipe lol.", '11gmxv2'], ['u/OldGrouchyGamer', 205, '2023-03-03 03:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japfzgp/', "As someone who was finally able to access good gear that wipe, it was the wipe I enjoyed most. I would guess most of the casual players loved that wipe because they were able to access content they couldn't otherwise.", '11gmxv2'], ['u/nuk3dom', 13, '2023-03-03 03:38', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japgmai/', 'Good times i also sometimes think about', '11gmxv2'], ['u/iReddat420', 39, '2023-03-03 04:14', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japl61b/', "I was broke af during the btc era because I started the wipe late and got cucked by the solar and farm nerfs and had to buy super expensive gpus while everyone was already thriving on btc money\n\nComparatively speaking that wipe was probably the poorest I ever was in relation to the general playerbase, don't even know why I bothered playing that wipe for so long", '11gmxv2'], ['u/Existencialyte', 20, '2023-03-03 04:37', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japnwbj/', "The number one thing I miss about tarkov is the Killa farming when he was at centre mall. \n\nIt gave me something to do every wipe, and it was one of those things that really felt satisfying when the goal was achieved. Once they spread out his spawns it was really hard to find him, and required to much time. \n\nIt was really fun and exciting to dash towards center mall, and compete with all the other Killa farmers. You would run into the same players often and have really interesting encounters. There was something special about the whole experience, and I actually miss it a lot. I don't find wipes anywhere as exciting as I used to without this process included. \n\nIt is a damn shame that we never got to experience it with VOIP as well, because that would have been fucking INCREDIBLE.\n\nIf you are reading Nikita, and you want something good to give the community, GIVE US KILLA FARMING BACK!", '11gmxv2'], ['u/Gigachad____', 13, '2023-03-03 05:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japrm7t/', "good era People weren't so scared because they had money in reserve, gear was much more plentiful and on flea.\n\nPushing wasn't suicidal with no inertia and recoil was much lower.\n\n50% More stamina made maps less cancer to run around on\n\nHigh density loot areas gave people something to fight over instead of doing stash runs like now.\n\nFighting bosses would mean you could flea their high end gear for a good amount\n\nKeycards were on flea meaning you could run labs\n\nPeople had no reason to RMT because you could just get the loot yourself without wasting hours of time doing boring shit. You could do cool shit like farming killa or PVPing in any of the loot hotspots", '11gmxv2'], ['u/steveler7', 10, '2023-03-03 05:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japrnzj/', 'Best time was free labs. But the bitcoin craze would probably be second', '11gmxv2'], ['u/Vice-Tempus', 15, '2023-03-03 05:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japswpy/', 'Bruhhhh I MISSSSSS the days of getting to KIBA first, locking yourself in and then having everyone show up and fight while you watch OR the excitement of having to fight your way out of KIBA. \n\nI specifically remember one time my friends and I watched Killa wipe a 3 man team for us while we sat in KIBA. He came out of NOWHERE and ate them alive. \n\nInterchange was a WARZONE during that time. I swear you could not go to that map without fighting multiple teams the whole time you were on the map.', '11gmxv2'], ['u/MikeHoncho2568', 11, '2023-03-03 05:29', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japtwkw/', 'I had a THICC items case full of Slicks and about 15 fully modded meta guns with top tier ammo. I agree that it was boring. I think Tarkov is more fun when most people have crap gear.', '11gmxv2'], ['u/Rk0', 10, '2023-03-03 05:41', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japvajq/', 'I just miss that state of the game, not really the bitcoin inflation.', '11gmxv2'], ['u/MapleYamCakes', 45, '2023-03-03 06:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japxx10/', 'Most people I kill right now don’t even have anything on them worth the ammo I spent shooting at them.', '11gmxv2'], ['u/Thesaladman98', 26, '2023-03-03 07:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq4kcu/', "I miss the Era right before that. When bitcoins sky rocketed that's when things started going to shit. Bsg went crazy trying to fix the economy, many of the changes they still havnt reverted. People started being scared to lose gear (ironic) but having 3mil in your ass every raid from 2 tetris and a bitcoin just panicked everyone, idk that was still a fun time but things started ti decline rapidly.\n\nLike I noticed alot more hatchet runners, alot more money runners, alot more super cheap gear, even though everyone had 300mil in their stash. Meanwhile just before that everyone was running slicks and meta m4s with 20mil.", '11gmxv2'], ['u/MapleYamCakes', 28, '2023-03-03 07:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq5epb/', 'That’s how I’ve been playing for 3 wipes. I figured out almost 2 years ago that my survival rate increases from about 55% to 85% when I bring a bolt action rifle and only have 10 rounds of M62 loaded into mags. Keep a 40 stack in my gamma. Level 4 armor, ulach, decent rig. No secondary, no grenades, basic meds, no backpack. The frequency of deaths to obvious cheaters drops dramatically. Kill a PMC in raid, take their bag, and loot up and leave.\n\nDon’t play any differently than if I had a full auto weapon. Just quick snipe people or hip fire them with a blue laser on the M700.', ...
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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22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53
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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 thesecond consecutive weekof straight losses for leading cryptocurrencies.\nThe start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.\nThe pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.\nBitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.\nSeveral leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.\nSolana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.\nAfter posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.\nThere were no significant gains among any of the leading cryptocurrencies this week.\nThere was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”\nFrance’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.\nStateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.\nMeanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the second consecutive week of straight losses for leading cryptocurrencies. The start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not. The pullback this week appeared to be a reaction to news that crypto bank Silvergate delayed filing its annual 10-K report with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday. Coinbase , Tether , and a plethora of other crypto companies were quick to cut their ties to the beleaguered crypto bank. Bitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data by CoinGecko . Several leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89. Solana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite a mysterious outage this week that took the network offline for 20 hours. The Solana Foundation is currently investigating the incident. After posting some blistering gains two weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05. There were no significant gains among any of the leading cryptocurrencies this week. Regulators tighten screws There was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be taken off the table .” Story continues France’s National Assembly voted on Tuesday to adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law. Stateside on Monday, Coinbase announced it was delisting BUSD , a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SEC accuses Paxos of violating investor protection laws. Meanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announced on Tuesday that it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "It was thesecond consecutive weekof straight losses for leading cryptocurrencies.\nThe start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.\nThe pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.\nBitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.\nSeveral leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.\nSolana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.\nAfter posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.\nThere were no significant gains among any of the leading cryptocurrencies this week.\nThere was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”\nFrance’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.\nStateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.\nMeanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "Ordinal Doge combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere.\nONTARIO, CANADA, March 04, 2023 (GLOBE NEWSWIRE) -- Every day in the crypto sector is marked by the advent of innovation. A recent innovation that has taken the crypto sphere by storm is the ‘Ordinals’. Within months of its inception, this unique invention has managed to allure a plethora of investors.\nIn January 2023, a renowned software engineer, Casey Rodarmor revived the lost glory of Bitcoin when he deployed the Ordinals Protocol on the Bitcoin Network. With this protocol, users can now create Non-fungible tokens (NFTs) on the
**Last 60 Days of Bitcoin's Closing Prices:**
[16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-04
**Financial & Commodity Data:**
- Gold Closing Price: $1847.70
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $431,587,532,812
- Hash Rate: 325313166.92777824
- Transaction Count: 306300.0
- Unique Addresses: 678996.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • JPMorgan CEO Jamie Dimon slammed bitcoin as a "hyped-up fraud" speaking in an interview at Davos.
• Dimon, a vocal crypto skeptic, has pointed to illegal activity in the industry to make his points in the past.
• He also warned that war between Russia and Ukraine is the biggest threat to the global economy.
JPMorgan CEO Jamie Dimon said bitcoin is a fraud, repeating his criticism of the world's largest cryptocurrency amid the market's struggles after the FTX collapse. The banking exec also delivered an ominous warning for the world economy as it nears the one-year mark since Russia's invasion of Ukraine.
Dimon has been aloud skepticof crypto, blasting the industry as a "complete sideshow" after the collapse of FTX,Sam Bankman-Fried'sfailed crypto exchange. That's because crypto tokens are often tied to criminal activity, Dimon said, though his views of the underlying blockchain technology are more favorable.
"I think all that is a waste of time, and why you guys waste any breath on it is beyond me," Dimon said in an interview with CNBC on Thursday. "Bitcoin itself is a hyped-up fraud. It's a pet rock," he said.
Dimon hit back at claims that tokens like bitcoin have built in scarcity that prevents it from being devalued, with just 21 million of the coins in existence. Those arguments are "totally untrue," Dimon said.
"How do you know it's going to stop at 21 million? Everyone says that. Well maybe it's going to get to 21 million and Satoshi's picture is going to come up and laugh at you all," he added.
Dimon also gave a bearish prediction for the US economy this year, with inflation still well-above the Fed's 2% target and interest rates expected to rise past 5%, which market commentators have warnedcould spark a recession. He added that one of the biggest problems facing the global economy is the war between Russia and Ukraine, a conflictthat's disrupted supply chainsand spiked energy prices around the world.
"The real issue for the world is Russia, war, Ukraine, energy, trade, and that is serious. And that's still out there. Hopefully it will mitigate and go away, but it may not," he said. "The only thing that matters for the future of the world is how this thing plays out."
As for signs of bullishness investors have been showing since the start of the year, Dimon isn't convinced a lasting rally is here. "Markets have always been wrong," Dimon warned.
Dimon previously forecasted amild recessionto hit the US this year andstocks to drop 20%,though he said his team was preparing for a more severe downturn. He added that the Fed would likely need to continue its aggressive policy to sufficiently rein in inflation,predicting interest rates would push past 6%.
Read the original article onBusiness Insider...
- 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.
|
22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07
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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:**
['Once a crucial banking partner for the crypto firms, Silvergate Capital (SI), is nowon the cusp of failure.\nThe La Jolla, California-based company said Friday evening that it\'s suspending its Silvergate Exchange Network (SEN) but “other deposit-related services remain operational.”\nThe announcement came about an hour after Moody’s downgraded Silvergate’s bank deposit rating from Ba3 to Caa1, a blow that judges the bank\'s obligations to be subject to very high credit risk.\nIn November, Silvergate faced both financial losses and regulatory probes largely due to the collapse of significant clientssuch as FTX and related hedge fund Alameda Research.\nSilvergate’s stock, which plummetedThursdayand Friday, is down 95% over the past year.\nOn Thursday, theCalifornia state-chartered bank said it needed to further delay its annual reportand that it anticipated further losses beyond a nearly one billion drop in net losses it reported in January preliminary results for Q4.\nThe bank also cited pending regulatory investigations, lawmaker inquiries, and its “ability to continue as a going concern for the twelve months following the issuance of these financial statements.”\nSilvergate faced a run on deposits by the crypto firms it banked including Coinbase, Paxos, Galaxy Digital and others, who made an effort todistance themselves from the troubled bank.\nIn a worst case scenario, Silvergate may file for bankruptcy.\nMore likely, the FDIC-insured bank, Silvergate Bank, could go intoreceivership.\nNot unlike bankruptcy, receivership acts as a “protective umbrella” where a “receiver” or trustee is appointed to take over the business with the ultimate goal of protecting creditors — especially those with secured loans.\nUnlike bankruptcy, receivership is not a legal action and it\'s geared to protecting a company’s lenders instead of borrowers (as is the case in bankruptcy).\nJesse Austin, a former partner with King & Spaulding’s bankruptcy practice, explained that in this instance the decision and execution for receivership will be made by two banking regulators - the Federal Deposit Insurance Corporation (FDIC) or California\'s Department of Financial Protection and Innovation (DFPI) - who could declare Silvergate Bank inadequately capitalized.\n“If California\'s baking regulator or the FDIC finds Silvergate under-capitalized, the FDIC will then come in and close down the bank,” Austin told Yahoo Finance.\nThough bankruptcy code specifically prevents a bank from filing for chapter 11 or chapter 7 bankruptcy, Austin said that Silvergate’s holding company, Silvergate Capital, could still file for bankruptcy — especially if it has other valuable assets besides customer deposits.\nAlong with Silvergate’s SEN network, the company also owns stablecoin assetspurchasedfrom Meta’s shuttered stablecoin project, Diem, in January of last year for 1.2 million shares and $50 million in cash.\nThe crypto-friendly bank\'s troubles follow joint statements fromJanuaryandFebruaryissued by the Federal Reserve with FDIC and OCC that warned of the volatility risks of banks that catered to crypto clients assume.\nIn light of Silvergate\'s position, the statements raise further questions whether U.S. banks will become "a lot more gun shy" to the digital asset industry, constraining access for crypto firms, according to a banking industry source familiar with Silvergate\'s capitalization.\n"On the one hand, if crypto is going to be out there and Americans are putting their dollars into it, don\'t you really want those dollars to be held in U.S. versus foreign banks?" this person, who requested anonymity to speak freely about Silvergate, told Yahoo Finance. "Maybe it\'s not that if you\'re a bank you can\'t take those types of deposits, but you need to limit them by proportion on your balance sheet."\nSilvergate became a regional bank in 1996, but it wasn’t until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like thenow-bankrupt Genesis.\nThe company carved out a niche for itself by giving banking access to a growing number of crypto startups, and the bank\'s offerings evolved into a formalized payments platform known as the Silvergate Exchange Network, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours.\nSilvergate held $1.8 billion in total deposits and $2 billion in assets at the end of its 2018 fourth quarter. By crypto\'s peak in 2021, its total deposits and assets had risen to $14.3 billion and $16 billion, respectively.\nFollowing the bankruptcy of crypto exchange FTX, Silvergate\'s total deposits and assets fell to $6.2 billion and $11.3 billion by the end of last year\'s fourth quarter.\nWith that drop in deposits, Silvergate’s capital relative to its assets shrank by half. This leverage ratio fell from 10.7% in its third quarter to 5.3%, a level of specific concern for banks with regulators having reason to step in for any U.S. bank below 5%.\n"The difficulty here is that Silvergate was not a huge bank," the banking industry source told Yahoo Finance. "They strategically grew their deposits by working with crypto companies, but their crypto deposits became much larger than the rest of their business."\nDavid is a reporter for Yahoo Finance. Follow him on Twitter@DSHollers\nClick here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs\nRead the latest financial and business news from Yahoo Finance', 'Once a crucial banking partner for the crypto firms, Silvergate Capital ( SI ), is now on the cusp of failure . The La Jolla, California-based company said Friday evening that it\'s suspending its Silvergate Exchange Network (SEN) but “other deposit-related services remain operational.” The announcement came about an hour after Moody’s downgraded Silvergate’s bank deposit rating from Ba3 to Caa1, a blow that judges the bank\'s obligations to be subject to very high credit risk. In November, Silvergate faced both financial losses and regulatory probes largely due to the collapse of significant clients such as FTX and related hedge fund Alameda Research . Silvergate’s stock, which plummeted Thursday and Friday, is down 95% over the past year. On Thursday, the California state-chartered bank said it needed to further delay its annual report and that it anticipated further losses beyond a nearly one billion drop in net losses it reported in January preliminary results for Q4. The bank also cited pending regulatory investigations, lawmaker inquiries, and its “ability to continue as a going concern for the twelve months following the issuance of these financial statements.” Silvergate faced a run on deposits by the crypto firms it banked including Coinbase, Paxos, Galaxy Digital and others, who made an effort to distance themselves from the troubled bank . What happens next? In a worst case scenario, Silvergate may file for bankruptcy. More likely, the FDIC-insured bank, Silvergate Bank, could go into receivership . Not unlike bankruptcy, receivership acts as a “protective umbrella” where a “receiver” or trustee is appointed to take over the business with the ultimate goal of protecting creditors — especially those with secured loans. Unlike bankruptcy, receivership is not a legal action and it\'s geared to protecting a company’s lenders instead of borrowers (as is the case in bankruptcy). Jesse Austin, a former partner with King & Spaulding’s bankruptcy practice, explained that in this instance the decision and execution for receivership will be made by two banking regulators - the Federal Deposit Insurance Corporation (FDIC) or California\'s Department of Financial Protection and Innovation (DFPI) - who could declare Silvergate Bank inadequately capitalized. Story continues “If California\'s baking regulator or the FDIC finds Silvergate under-capitalized, the FDIC will then come in and close down the bank,” Austin told Yahoo Finance. Though bankruptcy code specifically prevents a bank from filing for chapter 11 or chapter 7 bankruptcy, Austin said that Silvergate’s holding company, Silvergate Capital, could still file for bankruptcy — especially if it has other valuable assets besides customer deposits. Along with Silvergate’s SEN network, the company also owns stablecoin assets purchased from Meta’s shuttered stablecoin project, Diem, in January of last year for 1.2 million shares and $50 million in cash. The crypto-friendly bank\'s troubles follow joint statements from January and February issued by the Federal Reserve with FDIC and OCC that warned of the volatility risks of banks that catered to crypto clients assume. In light of Silvergate\'s position, the statements raise further questions whether U.S. banks will become "a lot more gun shy" to the digital asset industry, constraining access for crypto firms, according to a banking industry source familiar with Silvergate\'s capitalization. "On the one hand, if crypto is going to be out there and Americans are putting their dollars into it, don\'t you really want those dollars to be held in U.S. versus foreign banks?" this person, who requested anonymity to speak freely about Silvergate, told Yahoo Finance. "Maybe it\'s not that if you\'re a bank you can\'t take those types of deposits, but you need to limit them by proportion on your balance sheet." How Silvergate reached the brink Silvergate became a regional bank in 1996, but it wasn’t until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like the now-bankrupt Genesis . The company carved out a niche for itself by giving banking access to a growing number of crypto startups, and the bank\'s offerings evolved into a formalized payments platform known as the Silvergate Exchange Network, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours. Silvergate held $1.8 billion in total deposi
**Last 60 Days of Bitcoin's Closing Prices:**
[16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-05
**Financial & Commodity Data:**
- Gold Closing Price: $1847.70
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $436,238,776,181
- Hash Rate: 331733821.53819484
- Transaction Count: 286638.0
- Unique Addresses: 630099.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.47
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Madison Funds, managed by Madison Investment Management , released its “Madison Mid Cap Fund” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here . In the fourth quarter, the fund increased by 9.6% compared to a 9.2% increase in the Russell Midcap Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. Madison Funds highlighted stocks like Carlisle Companies Incorporated (NYSE: CSL ) in its Q4 2022 investor letter. Headquartered in Scottsdale, Arizona, Carlisle Companies Incorporated (NYSE:CSL) manufactures engineered products. On January 13, 2023, Carlisle Companies Incorporated (NYSE:CSL) stock closed at $239.43 per share. One-month return of Carlisle Companies Incorporated (NYSE:CSL) was 0.18%, and its shares gained 1.05% of their value over the last 52 weeks. Carlisle Companies Incorporated (NYSE:CSL) has a market capitalization of $12.382 billion. Madison Funds made the following comment about Carlisle Companies Incorporated (NYSE:CSL) in its fourth-quarter 2022 investor letter: “The bottom five detractors for the quarter were Carlisle Companies Incorporated (NYSE:CSL), Brown & Brown, Brookfield, CarMax, and Armstrong World Industries. Following robust outperformance during the first three quarters of the year, Carlisle shares took a step back this quarter as investors worried about commercial roofing demand in a potentially slowing economy." Pixabay/Public Domain Carlisle Companies Incorporated (NYSE:CSL) is not on our 30 Most Popular Stocks Among Hedge Funds list. As per our database, 41 hedge fund portfolios held Carlisle Companies Incorporated (NYSE:CSL) at the end of the third quarter, which was 31 in the previous quarter. We discussed Carlisle Companies Incorporated (NYSE:CSL) in another article and shared TimesSquare Capital's views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors. Story continues Suggested Articles: 15 Countries Where Bitcoin is Legal or Illegal 10 Stocks with Biggest Buybacks 12 Cheap Monthly Dividend Stocks To Buy Disclosure: None. This article is originally published at Insider Monkey ....
- Reddit Posts (Sample): [['u/Maleficent_Plankton', "Did you know that when transferring on Ethereum, it costs ~40% more gas to send tokens to a zero-balance account, and also 10% less gas to empty out an existing account's balance.", 86, '2023-03-05 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/', "####**TL;DR**\n\nThere is a little-known secret about Ethereum gas fees that you probably won't know unless you're an EVM dev or have studied Ethereum's [Yellow Paper](https://ethereum.github.io/yellowpaper/paper.pdf) of fee schedules.\n\n* It's **~40% more expensive** to send tokens to a zero-balance account than to positive-balance account.\n* It's also **~10% cheaper** to empty out an existing account's balance when transferring.\n\nSome exchanges like Coinbase already take advantage of this rule to save on gas fees.\n\n####**Here's why - Let's get technical:**\n\n**In Appendix G** of the [Yellow Paper](https://ethereum.github.io/yellowpaper/paper.pdf), you can find the **fee schedule**:\n\n* **Gtransaction**: 21k gas - Paid for every transaction\n* **Gnewaccount**: 25k gas - Paid for a CALL or SELFDESTRUCT operation which creates an account\n* **Gsset**: 20k gas - Paid for an SSTORE operation when the storage value is set to non-zero from zero\n* **Gsreset**: 2.9k gas - Paid for an SSTORE operation when the storage value's zeroness remains unchanged or is set to zero\n* **Rsclear**: 5k gas - Refund given (added into refund counter) when the storage value is set to zero from non-zero\n\nThus if you create a new balance, it costs ~20k gas extra. If you destroy a balance, you get a refund of 5k gas. The reason the fee schedule is set this way is to reflect the cost of storing additional account data.\n\nHere's an example of this for the CRV token:\n\n* To an old account while emptying the sending account: [29449 gas](https://etherscan.io/tx/0x10384ce3e3afe2ab00d4ea0174ed7ca8d64cd55d3f1593dec6352fe974eaffc2)\n* To a new account and NOT emptying the sending account: [51349 gas](https://etherscan.io/tx/0x69040134761c179dd4e3d54eddfbb58f09636ca0f4a3bbfac2902b5153f45a8e), a 17.1k + 4.8k = 21.9k gas increase\n\nIf you look at the GETH debug trace, the difference between sending to a zero and a non-zero account is that **SSTORE** costs **2900 to send to positive-balance accounts** and **20000 to zero-balance accounts**, which is a 17.1k gas difference. On top of that, emptying the account is 4.8k gas cheaper due to **Rsclear**.\n\nEvery token is different and has slightly-different gas fees. But you'll find the same differences everywhere.\n\n**Examples of sending USDC on the Goerli testnet**:\n\n* Account to non-zero account: [**48424 gas**](https://goerli.etherscan.io/tx/0xe2523bb6daeaf9e0053751ed1bc20da8d8cc8f508f3e6503baad5e2b3b22da17)\n* Account to zero-balance account: [**65524 gas**](https://goerli.etherscan.io/tx/0x08fb724ef3906b812902874463aabae557ed8b042cdfd607f75fe986ccc2f648), 17.1k more\n* Emptying account to a non-zero account: [**43624 gas**](https://goerli.etherscan.io/tx/0x5702db4d596116598645cbe034e6cadc6e530e0674ac004edaa3134323bd9cea), 4.8k less\n* Emptying account to a zero-balance account: [**60724 gas**](https://goerli.etherscan.io/tx/0xe131605e4a690c31d5f8cc457707eed6691d631fc9538949f9cff0d4368093a6), 12.3k more\n\nThus it's always cheaper to send to an account with an existing balance, and also cheaper to clear an existing balance. Note that this only applies to transfers that use a smart contract. A normal ETH transfer that doesn't use a smart contract will always cost 21k gas regardless of existing balance.\n\n####**How centralized exchanges already take advantage of this**\n\n**Coinbase is a great example of an exchange that exploits this gas fee rule.** Coinbase uses different processes when sending to positive-balance accounts vs zero-balance accounts.\n\n* [Coinbase 10](https://etherscan.io/address/0xa9d1e08c7793af67e9d92fe308d5697fb81d3e43) makes batch transfers to old accounts with balances\n * The more transfers they batch at once, the cheaper per transfer.\n * Here's a 17-batch that [cost only **12k gas** per transfer](https://etherscan.io/tx/0x2c24800927df435f393eeb7290db10e88cb072012206feb78753e96164ec08d1)\n* [Coinbase 2](https://etherscan.io/address/503828976d22510aad0201ac7ec88293211d23da) makes single-transfers to new accounts without balances\n * This is always **21k gas** for a normal transfer. If they tried to batch-transfer these using a contract, it would actually cost them 30k gas due to Gnewaccount.\n\n**Thus, for ETH transfers, it's better to use batch transfers to send to positive-balance and normal transfers to send to new zero-balance accounts.**\n\nExtra side note: Coinbase usually charges withdrawal fees at ~10x their actual cost of network fees. So they're totally ripping you off on withdrawal fees.\n\n####**How can you take advantage of this?**\n\nRealistically, I don't expect of you to change your bad habits. And most of you aren't making enough transfers for this to matter.\n\nBut here's what you can do:\n\n1. For Bitcoin, the best privacy practice is to spin up a new address for every transaction and never reuse addresses. Do NOT do this for Ethereum-like networks for tokens transfers. You will end up paying ~40% more for every transaction.\n1. If you can avoid it, don't leave token dust when transferring from your wallet accounts. Just empty your old account for a small gas savings.", 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/', '11ihn9l', [['u/SkoopskiMarvin', 23, '2023-03-05 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/jay8ss8/', '“The reason the fee schedule is set this way is to reflect the cost of storing account data”\n\nThat man thought of everything like gd. Imagine if our countries were run by people who were 1/10 as smart. I’ll take 1/100 at this point', '11ihn9l']]], ['u/LIFEXY', 'can i buy btc without using binance or coinbase ?', 13, '2023-03-05 01:47', 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/', "I don't like centralised platforms. I need alternatives.", 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/', '11iionm', [['u/MasterEverblack', 13, '2023-03-05 02:04', 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/jayfoxw/', 'HODL HODL or Bisq. YouTube tutorials. I’d suggest checking out “BTC Sessions” tutorials. :)', '11iionm']]], ['u/Any-Ad8847', 'Sofi anecdote from accross the pond', 46, '2023-03-05 03:42', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/', 'I work in a five star hotel in England as a bartender, so I talk with billionaires and a lot of wealthy people. On my bar today I had two British gents who were talking about investing between themselves. \n\nNaturally I joined in the conversation at a quiet point of my work, talking a little about economics, seeing what they\'re interested in, what they\'re investing in and generally looking for tips on what to look into stock wise and reading general public opinion. \n\nAfter being quizzed about my portfolio, I spoke about being 90% sofi up until recently and my moves (sold everything else to buy sofi below book value and get a 5$ average, I originally got in at 15$, now I\'m 60% sofi and +25% on it at the moment) they were aware of sofi as a fintech, but hadn\'t bothered to research it as it is an unprofitable company, but when I told them about the UK E-banks supported by gallileo and the moves with technysis, they were asking me for more information and naturally being a bartender I was interrupted to serve many a time. \n\nI said to them to research and do their own due diligence and to keep it on the watch list and buy in around book value if they decide to as a very low risk hyper growth opportunity, but definately before q1 earnings if they\'re gonna research do it ASAP - the gentlemen were talking about playing with a few million on bitcoin as a small percentage of their portfolio. \n\nI am investing everything I can afford right now and living with little to no expenditure on luxuries to take advantage of Sofi at these prices at this stage in the company. \n\nStay strong my brothers and sisters in arms. \n\n"we will be so fuk rich" \n-sofi reddit fans', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/', '11il964', [['u/Any-Ad8847', 14, '2023-03-05 03:45', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jayrr7m/', "If I manage to get a sheikh or a super wealthy person to invest after researching then we all make money and hopefully they'd track me down to give me 1% of their doubling billions of wealth, for the tip 😂😂😂\n\nhttps://preview.redd.it/anoomc6xkvla1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=169e333d730564038dcea28d1631c352c70c7452", '11il964'], ['u/Stoneteer', 30, '2023-03-05 04:39', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jayy154/', 'We are gonna be so fuk rich', '11il964'], ['u/abuscemi', 13, '2023-03-05 06:18', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jaz8hlf/', '$20 EoY with in Brah We Trust Shilling SoFi to Tea-Sipping Billionaires.', '11il964']]], ['u/StankieMuniz', 'Central Banks adopting cryptocurrencies?', 11, '2023-03-05 04:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11imdy3/central_banks_adopting_cryptocurrencies/', "An interesting comment in one of my posts pointed out in 2025 central banks will be allowed to hold crypto on their balance sheets. I'm curious what this community thinks about and has to say about this subject. A lot of what crypto stands for is escaping from the contr...
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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22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week.\nInsights:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nSilvergate Woes and Likely China Improvement\nCoinDesk Market Index (CMI)\n1,044\n+2.1▲0.2%\nBitcoin (BTC)\n$22,463\n+131.6▲0.6%\nEthereum (ETH)\n$1,569\n+2.3▲0.1%\nS&P 500\n4,045.64\n+64.3▲1.6%\nGold\n$1,859\n+11.7▲0.6%\nNikkei 225\n27,927.47\n+428.6▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning Asia, here’s what’s driving markets today.\nBoth bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on the day, and ether at $1,569, up 0.1%.\nObservers say the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China.\n“It doesn\'t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller,Forex.com’s global head of research, told CoinDesk TV on Friday. “I wouldn\'t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But … it does look like the depths of the winter are behind us.”\nAt the same time, economic data from a re-opened China, which rapidly dropped all COVID-19 restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, including Balance of Trade, foreign exchange reserves and inflation-rate data expected.\n“China’s opening is a positive factor for the world’s economy, which infers that certain animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk.\nThese so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto.\n“We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said.\nEthDenver Shows That Ethereum Has an Actual Community\nThis weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering from a pretty intense four months ofmaking cool thingsandexposing bad guys.\nFortunately, plenty of people are sharing clips from the event so I can enjoy it vicariously. Unfortunately, many of these posts express something between innocent confusion and sneering takedowns of the supposedly lame ETHDenver goings-on.\nThis 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 fullnewsletter here.\nBut that attitude, to paraphrase the fugitive philosopher-thief Do Kwon, isa great formula for getting rekt. It may look like silliness and disorganization to you, but ETHDenver’s rough edges are actually strong signals that a real community has been drawn together by shared interests to build something together from the ground up. That’s the kind of community that has and will weather slow periods of crypto growth like what we’re going through right now.\nSee also:Tensions Erupt Between Aptos, Sui Blockchains in Denver\nIt’s hip to be cringe\nIt’s true that compared to a lot of crypto conferences ETHDenver and certain related events can seem just the slightest bit slapdash, and more than the slightest bit bizarre. Take, for instance, the annual contributions from Jonathan Mann, aka “The Song a Day Guy.” He has created and performed goofy, slightly amateurish tunes for the event for a while now – and every year people on Twitter take the opportunity to dunk on him.\nBut let me tell you, a goofy song is barely the only thing at ETHDenver that might make you uncomfortable!\nWhen I attended last year, ETHDenver was held in a refurbished parking garage, where the bathrooms were partly or entirely broken for much of the event. You couldn’t see the main stage from roughly a third of the ground floor seating, and people talking at the back of the room halfway drowned out the speakers. Every once in a while, someone would drop 500 pizzas on an upstairs table, resulting in massive queues that made it nearly impossible to move.\nAnd you know what? It was awesome.\nThe full article can be foundhere.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Retail Sales (YoY/Feb)\n2:30 a.m. HKT/SGT(18:30 UTC)Reserve Bank of Australia Rate Statement\n5:45 a.m. HKT/SGT(21:45 UTC)Switzerland Unemployment Rate s.a. (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Fall as Crypto Market Digests Silvergate; Author Neal Stephenson on Future of Metaverse\nBitcoin (BTC) and ether (ETH) were sinking as customers flee crypto bank Silvergate, whose stock closed 58% lower during U.S. trading.Forex.comGlobal head of research Matt Weller shared his reaction. Plus, Sotheby’s is auctioning the original manuscript for “Snow Crash,” Neal Stephenson’s landmark 1992 science fiction book that coined the terms “metaverse” and “avatar." Stephenson and Sotheby\'s head of sale Cassandra Hatton discussed. And, Audius co-founder and CEO Roneil Rumburg explained how the Web3 music streaming platform is integrating with TikTok.\nGitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index:The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.\nStablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past, WSJ:Tether, the company behind the world\'s largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.\nETHDenver Looks Cringey to You Because Ethereum Has an Actual Community:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nChainlink Price Feeds Go Live on Base, Coinbase’s Layer 2 Testnet:Base also joins the data provider\'s Scale program, allowing developers to construct smart contracts that can react to external information at a subsidized cost.\nBankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts:The firm paused withdrawals in June, citing extreme market conditions.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week. Insights: Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes. Prices Silvergate Woes and Likely China Improvement CoinDesk Market Index (CMI) 1,044 +2.1 ▲ 0.2% Bitcoin (BTC) $22,463 +131.6 ▲ 0.6% Ethereum (ETH) $1,569 +2.3 ▲ 0.1% S&P 500 4,045.64 +64.3 ▲ 1.6% Gold $1,859 +11.7 ▲ 0.6% Nikkei 225 27,927.47 +428.6 ▲ 1.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia, here’s what’s driving markets today. Both bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on the day, and ether at $1,569, up 0.1%. Observers say the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China. “It doesn\'t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller, Forex.com ’s global head of research, told CoinDesk TV on Friday. “I wouldn\'t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But … it does look like the depths of the winter are behind us.” At the same time, economic data from a re-opened China, which rapidly dropped all COVID-19 restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, including Balance of Trade, foreign exchange reserves and inflation-rate data expected. Story continues “China’s opening is a positive factor for the world’s economy, which infers that certain animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk. These so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto. “We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said. Insights EthDenver Shows That Ethereum Has an Actual Community This weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering fro
**Last 60 Days of Bitcoin's Closing Prices:**
[16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-06
**Financial & Commodity Data:**
- Gold Closing Price: $1847.90
- Crude Oil Closing Price: $80.46
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,720,451,069
- Hash Rate: 282508802.8583337
- Transaction Count: 316016.0
- Unique Addresses: 671836.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: 2022 was a brutal year for stocks and bonds. The S&P 500 fell 19%, its worst performance since 2008. The Dow fared the best of the major indexes, losing “only” about 9%.
The Nasdaq plunged 33%, as many earlier high-flying stocks were beaten down. The tech-heavy index underperformed the broader benchmark by the biggest margin since 2002, per WSJ.
The iShares MSCI Turkey ETF TUR was the top performing unleveraged ETF with a gain of over 100%. Domestic investors piled into Turkish stocks as inflation surged to over 80%. The central bank shocked global experts by continuing interest rate cuts to boost growth even as the lira slumped almost 30% against the dollar.
The Simplify Interest Rate Hedge ETF PFIX, which seeks to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases, gained over 90%.
The VanEck Oil Services ETF OIH returned about 66% as many oilfield services companies like Schlumberger SLB and Halliburton HAL reported blockbuster profits.
Crypto and blockchain related ETFs were among the worst performing areas as Bitcoin plunged about 65% last year. The Viridi Bitcoin Miners ETF (RIGZ), which liquidated yesterday, was down 87%.
Cannabis stocks and ETFs suffered from Democrats’ failure to pass any banking reforms for marijuana companies. With a Republicans House majority now, there is little hope of any legal reforms over the next two years.
To learn more, please watch the short video above.
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iShares MSCI Turkey ETF (TUR): ETF Research Reports
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- Reddit Posts (Sample): [['u/DeeperBags', 'Top 25 projects on November 14th 2021 (2 days after ATH) and now.', 15, '2023-03-06 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/', "On **11/12/2021**, BTC reached ATH, and it has been 478 days since - making this by far the longest bear market in history. It really doesn't feel like it's been that long to me though.. \n\nOn **November 14, 2021,** just as we were beginning our descent - here's what the top 25 looked like: \n\nhttps://preview.redd.it/pmlvznm870ma1.png?width=930&format=png&auto=webp&v=enabled&s=d19cb1e10299e68ccccfa6671460092bac0fa89f\n\nIn contrast, here's what the top 25 projects looks like today:\n\n[Current top 25 \\(1-15\\)](https://preview.redd.it/uj4cim8x70ma1.png?width=918&format=png&auto=webp&v=enabled&s=5d9f37d9f5874227f02a759af52e77ca3ee50c4e)\n\n[Current top 25 \\(16-25\\)](https://preview.redd.it/yvw1jm5180ma1.png?width=913&format=png&auto=webp&v=enabled&s=e575bbf67931bc53596e62fff51fb16f395516de)\n\nA few projects have managed to gain in the ranks - **Polygon rocketed from 21st rank all the way to 8th**, DAI, and ATOM propelled themselves into the top 25 - BNB **overtook Tether for 3rd**, while **XRP gained 2 places in the rankings**. \n\nThere are some clear **lunas**, excuse me - ***losers*** *as well in this bear market.*. **USDC** dropped from 5th to 10th in the rankings, while **Solana's** rank also fell dramatically from 5th to 11th.\n\nSome coins simply refuse to move - with **Dogecoin stubbornly holding 9th**, and **Cardano** hovering between 6-7th rank.\n\nOverall, I'm surprised to see that the top 25 looks as similar today as it did back then, sincee bear markets have a way of flushing projects down the drain. \n\nHopefully somebody finds this interesting, was bored.\n\n**Have a good night /cc!**", 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/', '11jhr4h', [['u/Repulsive_Music7242', 11, '2023-03-06 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/jb2pi4c/', 'Look how they massacred my CRO', '11jhr4h']]], ['u/Odlavso', 'Man who accidently threw away his computer filled with bitcoin has finally found it in the dump.', 2430, '2023-03-06 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/', 'After years of looking for his lost computer that he believed was filled with 7,500 bitcoins the man has found it.\n\nthe entire thing cost him around 2.5 million after paying for excavators, labor and city permits to dig up the landfill. He was relieved after finding the computer last month and had a professional data recovery company working on it for the last four weeks trying to recover his lost wallet, this cost alone was $400k.\n\nUnfortunately it turns out the wallet was actually filled with bitcoin cash a hard fork of bitcoin worth a fraction of the price of actual bitcoin.\n\n7,500 x $124 + $930k\n\nso he is now about 1.6 million in debt to cover the cost of the loan he took out using the believed bitcoin as collateral.\n\n&#x200B;\n\nhttps://preview.redd.it/llaiy3xxc0ma1.jpg?width=1224&format=pjpg&auto=webp&v=enabled&s=b9c3049ae4d260596f83eea21e76dd767a2e3a27\n\nyou can see the look of defeat in his face.', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/', '11ji1zw', [['u/Ginryuuki', 10, '2023-03-06 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2plfe/', "lmao can't even remember what he kind of wallet he has", '11ji1zw'], ['u/Kappatalizable', 74, '2023-03-06 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2qg77/', '*directed by Robert B. Weide*', '11ji1zw'], ['u/ShartSpray88', 1156, '2023-03-06 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2qzcp/', 'Poor dude, That’s forked up.', '11ji1zw'], ['u/Fritz1818', 11, '2023-03-06 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r36t/', "For real though I feel sorry for this dude who's been searching for 10 years", '11ji1zw'], ['u/XxspsureshotxX', 60, '2023-03-06 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r5ns/', 'That is such a trash ending to the story.', '11ji1zw'], ['u/OsteoRinzai', 29, '2023-03-06 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r8es/', "You couldn't make up a better end if you tried. This is absolutely hilarious. I feel bad for the dude but I never saw this one coming. At least we've got some closure now.", '11ji1zw'], ['u/raphael-iglesias', 28, '2023-03-06 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rlc3/', 'Guy spent years looking for his HD in a literal trash pile, only to find out that the HD also consisted of literal trash. Ironic justice imo.', '11ji1zw'], ['u/Elie0_0', 12, '2023-03-06 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rtf0/', "Good thing it's fake, haha, Comedy flair.\n\n\n\nWould've been hilarious if it was real", '11ji1zw'], ['u/techsupport261', 67, '2023-03-06 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rui2/', "I'm not sure if people missed the comedy flair and are sympathizing with the guy in the story, thinking it's real, or if they're commenting with a higher level of sarcasm.", '11ji1zw'], ['u/Hypno_Hamster', 304, '2023-03-06 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rvaj/', 'Conspiracy: The data recovery guy stole the bitcoin and replaced it with a bitcoin cash wallet. The perfect crime.', '11ji1zw'], ['u/JERMYNC', 16, '2023-03-06 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rw6o/', 'Very, very Fu*ked up', '11ji1zw'], ['u/stoneman9284', 10, '2023-03-06 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s2tk/', 'We need a FICTION flair', '11ji1zw'], ['u/Odlavso', 43, '2023-03-06 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s3m4/', "Well I kind of made this one up. \n \nYou think I'm good enough to go professional comedy writer?", '11ji1zw'], ['u/Consistent_Many_1858', 11, '2023-03-06 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s4wu/', "It's still worth 900k which is something.", '11ji1zw'], ['u/LetsSeeWhatsGoinOn', 21, '2023-03-06 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s9jo/', 'holy shit thats not how i expected this to end', '11ji1zw'], ['u/sacred_thinker', 877, '2023-03-06 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2saxe/', "For a second I was so happy for him. After seeing the Comedy Flair I'm genuinely disappointed", '11ji1zw'], ['u/OsteoRinzai', 10, '2023-03-06 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sgo8/', "You got me good, I missed the flair, but I'll leave the post up because I hope your version pans out!", '11ji1zw'], ['u/ricozuri', 30, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2skem/', 'They missed the comedy flair. Higher levels of anything escape when moon farming.', '11ji1zw'], ['u/raphael-iglesias', 13, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2skut/', "Yeah not if you've supposedly spent 2.5 million getting it out of there. \n\nAnd yeah I know this is just a troll.", '11ji1zw'], ['u/Maxx3141', 150, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sls4/', 'Thought there were Bitcoin in the trash, turns out it was Bitcoin Cash. Common beginner mistake.', '11ji1zw'], ['u/NUPreMedMajor', 60, '2023-03-06 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2snfn/', 'it would be on chain…', '11ji1zw'], ['u/sos755', 3354, '2023-03-06 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sp2f/', 'For those who are not aware, the article is fake. His bitcoins were lost in 2013. Bitcoin Cash forked in 2017.', '11ji1zw'], ['u/Odlavso', 11, '2023-03-06 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sro6/', '\n\nGenius data recovery specialist', '11ji1zw'], ['u/Odlavso', 81, '2023-03-06 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t2xj/', 'Thought there were Bitcoin in the trash, turns out it was just trash in the trash', '11ji1zw'], ['u/BrowsingCoins', 95, '2023-03-06 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t74s/', 'My reaction exactly', '11ji1zw'], ['u/UsedTableSalt', 44, '2023-03-06 01:20', 'https://www.reddit.com/r/CryptoCu...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79
|
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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto is flat as traders await U.S. central bank Chair Jerome Powell\'s next comments.\nInsights:Exposure to China and the subsidies it is receiving may be hurting Filecoin\'s growth.\nCoinDesk Market Index (CMI)\n1,043\n−1.0▼0.1%\nBitcoin (BTC)\n$22,412\n−37.3▼0.2%\nEthereum (ETH)\n$1,565\n−2.5▼0.2%\nS&P 500\n4,048.42\n+2.8▲0.1%\nGold\n$1,851\n+3.3▲0.2%\nNikkei 225\n28,237.78\n+310.3▲1.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Flat as Fed\'s Powell Heads to Congress\nGood morning Asia, here’s how the markets are moving today.\nBitcoin and ether are opening the Asia business day flat. The world’s largest digital asset is down 0.2% to $22,412 while ether is stuck at $1,565.\nTrading volume is significantly down,according to CoinGecko data, with 24-hour volume for bitcoin at $16 billion on Monday, March 6 compared to $27 billion on Friday, March 3.\nA report from CryptoQuantpoints to funding rates and argues that the current market is bearish and betting on further declines.\n“I don’t think we’re out of the woods yet, clearly inflation is still both rampant and here,” Hany Rashwan, CEO of crypto investment product firm21.co, said on CoinDesk TV. “How much the market has priced that in right now is difficult to show.”\nAll eyes are likely on Federal Reserve Chair Jerome Powell as he heads to Congress to testify Tuesday morning before the Senate Banking Committee and on Wednesday to the House Financial Services panel.\nPowell is in a predicament because the economy seems resistant to the cooling effects of interest rate hikes.\nJanuary’s blow-out job numbers, where theU.S. added nearly three-timesas many jobs as expected, showed observers that the Fed has some work to do to bring down inflation.\nCME’s FedWatch toolis giving a 69% chance of a 25 basis point rise, and a 30% chance of a 50 basis point increase.Prediction market PolyMarketis showing an 80% chance of a 25 bps increase during the March meeting and a 23% chance of a 50 bps increase after.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+7.9%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+6.2%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}]\nFilecoin\'s China, Cost Woes\nFilecoin has a market cap of just over $2.4 billion, and has a storage capacity of more than 13.41 exabytes (1 exabyte is equal to 1 million terabytes).Of these 13.41 exabytes, 626 petabytes(1 petabyte is 1,000 terabytes) are currently used.\nThe $2.4 billion question is, what is stored within these 626 petabytes?\nOn one hand, that’s easy to answer. When asked, the Filecoin Foundation is quick to provide a table listing out some high-profile clients:\nThere’s plenty of data archived on Filecoin from scientific or historical projects. Atlas CERN stores 10,240 tebibytes (equal to 11,258 terabytes) of data from the Large Hadron Collider on the Filecoin Network; the USC Shoah Foundation stores 3,046 tebibytes (this is because of a$2 million grant from the Filecoin Foundation); the Internet Archive stores 503 tebibytes (another grant,this time worth $10 million); University of California Berkeley stores 121 tebibytes.\nThe only commercial entities on the list are a China-based post-production house called XingChi Media, which says it\'sbacking up data on Filecoin for disaster recovery, andNFT.Storage, which is a product of Protocol Labs – the organization which supports Filecoin’s code.\nA spokesperson for Protocol Labs also highlighted that non-fungible token marketplace OpenSea stores the metadata for its NFTs on Filecoin. Important, yes, for the continuity of the NFT industry in the face of disaster but not exactly something that requires a lot of storage.\nFilecoin’s China centralization\nThere’s no question that the Filecoin protocol is being used and demand for storage is increasing.\nOn-chain data shows that the daily active Filecoin deals are trending upward.\nBut perhaps the reason you don’t see a large number of actual enterprise-grade clients using Filecoin – and just scientific data repositories and proof-of-concept initiatives – is because of Filecoin’s heavy exposure to China.\nIn 2021, miners inChina jumped on the abilityto add Filecoin to the mix, with billions being spent in buying up hard disks, which are to Filecoin what GPUs were to Ethereum, andbuilding out facilities.\nBella Yang, a research manager with IDC China’s enterprise research team, told CoinDesk in a note that Filecoin miners were buying a large number of storage servers known asJBODs. These are uncomplicated arrays of HDDs designed to scale a company’s ability to archive data quickly.\n“During this time, a large number of JBOD products were sold directly to mining companies and prices of high-capacity HDDs began to rise, even driving many out of stock when there was a shortage of 8 terabyte-plus HDDs,” Yang said, explaining that the Filecoin-induced demand for HDDs came as COVID-19 closed factories in China.\nAlthough bitcoin mining has largely left China, and ether mining has been made redundant with the Merge, Filecoin miners still have a large presence in-country.\nA 2022 study by Italy’s University of Pisa showedFilecoin\'s large degree of centralizationaround its top 10 miners, many of which are based in China and owned by cloud storage companies.\n“The fact that the most important miners are linked to cloud storage companies highlights that Filecoin is far from being concretely decentralized market storage because these companies are dominating the storage market and monopolizing the mining operations,” the authors wrote.\nFilecoin knows the market is skeptical\nFor Filecoin, the answer to its woes is Filecoin Plus (FIL+), which seeks to carve out quality storage providers from the ones that pollute the protocol with junk data, which many miners in China were doing in the early days of the protocol.\nIt also allows users, perhaps ironically,to pick their storage provider. Centralization is a cure for decentralization’s pitfalls.\nAll this is coming at a cost,as CoinDesk has previously reported, with massive subsidies required in the form of a 10x larger block reward to make Filecoin Plus work.\nData fromToken Terminalshows that revenue for the protocol has imploded during the last year despite more use of the protocol. In February, heavy incentives meant that earnings were a net negative to the tune of $43.4 million against revenue of $1.2 million.\n“What I think is going to be the most important thing to watch there is if the storage demand can still keep up when storing data is no longer free,” Messari enterprise research analyst Sami Kassab said earlier to CoinDesk.\n2:00 p.m. HKT/SGT(6:00 UTC)Fed Chair Powell Testifies\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia\'s Governor Lowe Speech\n6:00 a.m. HKT/SGT(22:00 UTC)Germany Retail Sales (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Closes SEN Platform; Singapore Police Reportedly Start Probe Into Do Kwon\'s Terraform Labs\nSilvergate Bank, which warned last week about its ability to remain in business, discontinued its SEN platform that institutions used to move money to crypto exchanges.21.coco-founder and CEO Hany Rashwan shared his crypto markets reaction after bitcoin\'s (BTC) price was little-changed over the weekend. And Puerto Rico has extended its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico Blockchain Trade Association\'s Keiko Yoshino joined the conversation.\nTether\'s USDT Stablecoin Market Share Rises to Highest Level in 15 Months:USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.\nAlameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees:The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.\nETHDenver 2023 Ran a Profit. Will Members of Its DAO Get Some of the Returns?:After ending this year’s edition well in the black, Colorado cooperative SporkDAO LCA may now vote to send distributions to token holders.\nGBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday:The closed-end fund\'s discount to net asset value had widened to 47% in mid-February.\nAlameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees:The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto is flat as traders await U.S. central bank Chair Jerome Powell\'s next comments. Insights: Exposure to China and the subsidies it is receiving may be hurting Filecoin\'s growth. Prices CoinDesk Market Index (CMI) 1,043 −1.0 ▼ 0.1% Bitcoin (BTC) $22,412 −37.3 ▼ 0.2% Ethereum (ETH) $1,565 −2.5 ▼ 0.2% S&P 500 4,048.42 +2.8 ▲ 0.1% Gold $1,851 +3.3 ▲ 0.2% Nikkei 225 28,237.78 +310.3 ▲ 1.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Flat as Fed\'s Powell Heads to Congress Good morning Asia, here’s how the markets are moving today. Bitcoin and ether are opening the Asia business day flat. The world’s largest digital asset is down 0.2% to $22,412 while ether is stuck at $1,565. Trading volume is significantly down, according to CoinGecko data , with 24-hour volume for bitcoin at $16 billion on Monday, March 6 compared to $27 billion on Friday, March 3. A report from CryptoQuant points to funding rates and argues that the current market is bearish and betting on further declines. “I don’t think we’re out of the woods yet, clearly inflation is still both ra
**Last 60 Days of Bitcoin's Closing Prices:**
[16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-07
**Financial & Commodity Data:**
- Gold Closing Price: $1813.90
- Crude Oil Closing Price: $77.58
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,351,320,306
- Hash Rate: 353136003.5729172
- Transaction Count: 362082.0
- Unique Addresses: 771846.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • US stocks closed mixed Wednesday after a choppy session amid fresh earnings.
• Microsoft shares fell after it cut revenue guidance. Investors are awaiting Tesla's report after the bell.
• The S&P 500 remains higher early in the new trading year.
US stocks ended mixed on Wednesday, with disappointing financial updates from Microsoft and Boeing making for a choppy session as investors determine how companies have been navigating through higher rates and an uncertain economic environment.
The S&P 500 lost ground for a second consecutive day but pared deeper losses. Of its 11 sectors, only the financial group managed to eke out a gain.
Microsoftshares fell after the software heavyweightcut its third-quarter revenue outlookpartially as growth in its cloud business slows.Boeingshares, meanwhile, dug themselves out of the red. They had declined during the session after the aircraft maker posted an unexpected fourth-quarter loss of more than $600 million, hit by supply chain challenges.
Tesla'sfourth-quarter resultswere due after Wednesday's closing bell.
Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:
• S&P 500:4,016.17, down 0.02%
• Dow Jones Industrial Average:33,743.71, up 0.03% (9.75 points)
• Nasdaq Composite:11,313.36, down 0.18%
The S&P 500 so far this year has gained more than 4% after tumbling 19% in 2022.
"For three weeks, that's a pretty healthy start," John Porter, chief investment officer of equities at Newton Investment Management, told Insider. However, there will be continued pressure on earnings projections for Corporate America, he said.
"A month from now … we're probably going to see another two, three, four percent taken out of earnings expectations for this year. That's a hurdle for equities," he said. "They don't tend to perform well in an environment where expectations are already down … [and] any expectations around the Fed cutting rates are woefully premature at this point."
Here's what else is happening today:
• Elon Musk admitshe didn't have a "specific number" for how much funding was needed to takeTeslaprivate.
• Investors are underestimating sticky cost inflation that's denting company profits,Morgan Stanley's Mike Wilson said.
• The stock market is nearing a tipping point in thebalance between active and passive investing,says ISS.
• Bankrupt crypto lenderBlockFi accidentally revealedit had more than $1.2 billion in assets tied up with FTX.
• US housing priceswill stop crashing within six months, said Goldman Sachs.
In commodities, bonds, and crypto:
• West Texas Intermediate cruderose 0.5% to $80.55 per barrel.Brent crude,the international benchmark, picked up 0.4% to $86.43.
• Goldrose 0.6% to $1,946.20 per ounce.
• The10-year Treasury yieldfell 7 basis points to 3.44%.
• Bitcoinrose 1.3% to trade at $22,922.04.
Read the original article onBusiness Insider...
- 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.
|
21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93
|
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:**
["Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday.\nThe company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorseyon Twitterin 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.”\nBlock wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation.\n“We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in ablog post.\nBlock didn't immediately respond to a request for comment fromDecrypt.\nIrwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later.\nAround this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot anall-solar Bitcoin mining facilityin Texas.\nSince then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits.\nIt’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App.\nThe rest came from hardware, which accounted for $164 million of that total, according to SEC filings.\nBut the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet.\n“We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in itsannual report.\nStill, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million.\nAlthough the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", "Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday. The company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorsey on Twitter in 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.” Block wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation. “We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in a blog post . Block didn't immediately respond to a request for comment from Decrypt . Irwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later. Around this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot an all-solar Bitcoin mining facility in Texas. Since then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits. It’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App. Story continues The rest came from hardware, which accounted for $164 million of that total, according to SEC filings. But the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet. Bitcoin Maxi Jack Dorsey Slams Facebook Over 'Wasted Effort and Time' on Diem “We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in its annual report . Still, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million. Although the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", "Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday.\nThe company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorseyon Twitterin 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.”\nBlock wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation.\n“We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in ablog post.\nBlock didn't immediately respond to a request for comment fromDecrypt.\nIrwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later.\nAround this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot anall-solar Bitcoin mining facilityin Texas.\nSince then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits.\nIt’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App.\nThe rest came from hardware, which accounted for $164 million of that total, according to SEC filings.\nBut the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet.\n“We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in itsannual report.\nStill, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million.\nAlthough the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", 'TORONTO, March 07, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose Investments” or “the Company”) is announcing a correction to its earlier press release dated March 7, 2023, which aimed to clarify the firm’s ESG policy as it relates to funds managed by the Company. This press release updates the list of all Purpose Investments funds that do not fall under
**Last 60 Days of Bitcoin's Closing Prices:**
[16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-08
**Financial & Commodity Data:**
- Gold Closing Price: $1812.70
- Crude Oil Closing Price: $76.66
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $425,165,148,800
- Hash Rate: 284649021.0618059
- Transaction Count: 292493.0
- Unique Addresses: 656385.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Tesla lost over $140 million betting on Bitcoin last year, according to a Mondayfilingwith the U.S. Securities and Exchange Commission. The electric car manufacturer took a $204 million impairment charge while gaining $64 million through converting Bitcoin in 2022.
“In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us,” Tesla said in the filing.
An impairment charge describes a reduction or loss in the value of an asset. It can occur because of a change in economic circumstances, like the crypto winter that gripped the market after the collapse ofTerra Lunain May 2022.
The annual disclosure to the SEC comes less than a week after Tesla’squarterly earnings report, which included no Bitcoin transactions but nonetheless saw the value of its holdings decline, generatinga $43 million lossfor the last four months of 2022.
Elon Musk's Tesla Still HODLing $218M in Bitcoin
In February 2021, Teslainvesteda staggering $1.5 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency—second only toMicroStrategy. At the time, Bitcoin traded at $46,364 per coin. By November 10, 2021, Bitcoin saw its all-time high of $69,044 per coin, according toCoinGecko.
But the good times did not last as Bitcoin, and the rest of the cryptocurrency market, went into freefall in 2022. As of January 31, 2023, Bitcoin is trading at around $23,051.
Tesla’s impairment losses nearly doubled since 2021 when, in an SEC filing that year, Tesla reported a $101 million impairment loss on digital assets and $128 million gains after selling Bitcoin in 2021.
By October 2022, Tesla reported to investors that the company still held over$218 millionin Bitcoin afterselling75% of its holdings in July—around $936 million at the time.
Michael Saylor Takes Shot at Elon Musk on Twitter Over Tesla’s $936M Bitcoin Sale
“As with any investment and consistent with how we manage fiat-based cash and cash-equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of market and environmental conditions,” the company said in Monday’s filing.
In the filing, Tesla calls its Bitcoin holdings indefinite-lived intangible assets. These assets are periodically reviewed to determine if their value on the balance sheet exceeds their fair market value. As Tesla explained, these impairment charges may affect the company’s further investment in Bitcoin.
“For any digital assets held now or in the future, these charges may negatively impact our profitability in the periods in which such impairments occur even if the overall market values of these assets increase,” the company said.
Neither the quarterly earnings report nor the SEC filing identified any specific digital assets besides Bitcoin. The company is believed to hold Dogecoin, however, as itaccepts the meme-coinas payment, and CEO Elon Musk is aself-avowed fan....
- 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.
|
20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88
|
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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin inched down to its lowest level in more than three weeks. It regained some ground to trade at about $21,700.\nInsights:Conic Finance aims to offer its users yields as high as 21% on three separate omnipools, which diversifies exposure across the Curve ecosystem. But can it deliver?\nCoinDesk Market Index (CMI)\n1,013\n−25.2▼2.4%\nBitcoin (BTC)\n$21,734\n−496.0▼2.2%\nEthereum (ETH)\n$1,536\n−30.7▼2.0%\nS&P 500\n3,992.01\n+5.6▲0.1%\nGold\n$1,819\n+5.3▲0.3%\nNikkei 225\n28,444.19\n+135.0▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Falls to Lowest Level in Nearly a Month.\nGood morning, Asia. Here\'s what\'s happening in markets.\nU.S. Federal Reserve Chairman Jerome Powell talked tough for a second consecutive day. Banking giant JPMorgan ended its relationship with crypto exchange Gemini, as CoinDesk\'s Ian Allisonfirst reported. Crypto-friendly bank Silvergatewill shutteroperations.\nBitcoin absorbed it all and then inched downward to its lowest level in nearly a month. The largest cryptocurrency by market capitalization was recently trading at about $21,750, down more than 2% over the past 24 hours. BTC sank below $21,600 at one point after largely teetering over $22,000 for much of this month. Investors have been wrestling with worrisome jobs and price data that has prompted Powell and Fed governors to rekindle their monetary aggressiveness as an inflation prescription.\nThe prospect of a 50 basis point (bps) interest rate hike now rests about 70% after various indicators heavily favored a more dovish 25 bps increase in previous weeks.\n“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes," Quinn Thompson, head of growth and capital markets at blockchain-powered capital markets platform Maple, wrote CoinDesk in an email. "I think it\'s interesting to note that [the Fed] were parading their hikes as having a substantial impact on inflation, and then it became clear that inflation has proved to be more stubborn than had been anticipated. A 50-basis-point rate hike is basically inevitable now."\nThompson added that "barring any breakage in the system, such as a credit event of some sort, it seems increasingly likely that there won’t be any rate cuts until next year."\nEther fared similarly to bitcoin and was also down about 2% to change hands just above $1,530. That level was well off its late February highs over $1,700. Other major cryptos were mostly in the red, with SOL, the token of the Solana, blockchain off more than 9% and APT, the native cryptocurrency of layer 1 blockchain Aptos Labs down over 6%. TheCoinDesk Market Index, a measure of the broader crypto market\'s performance, was down nearly 3%.\nThe Nikkei rose about 0.5% as trading in Asian equity markets opened. U.S. indexes were flat with the tech-heavy Nasdaq and S&P 500, which has a heavy technology component, climbing slightly but the Dow Jones Industrial Average (DJIA) declining a couple of ticks of a percentage point.\nMaple\'s Thompson was wary about the cryptos\' prospects amid the Fed\'s apparent hawkish turn, which has historically sent prices of crypto and other riskier assets tumbling.\n"I suspect that we could again test the lows that were reached last year as a result of hiked rates, but also because of the Fed’s ongoing monetary tightening regime that is draining liquidity out of the markets," he wrote. "A lot of this tightened monetary policy is being priced into the fixed income markets. But risk assets have yet to price in the potential for downside spillover, and this could spell trouble for equities and crypto."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}]\nConic Finance\'s Big Promise, but Will It Deliver?\nAn earlier version of this storyappearedseparately on CoinDesk\'s website.\nA new tool to capture yields from prominent stablecoin swapping service Curve has attracted over $60 million from depositors just over a week after launch.\nConic Finance, which went live on March 1, allows users to deposit tokens into its omnipools, a new product that diversifies exposure across the Curve ecosystem while increasing rewards.\nEach omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider (LP) tokens get staked on Convex to boost curve (CRV) rewards earnings. Convex (CNX), another Curve ecosystem token, is also rewarded, and so is conic (CNC), Conic’s native token.\nConic users can earn up to 21% annualized yields on the three omnipools for dai (DAI), frax (FRAX) and USD coin (USDC). The USDC pool has attracted over $50 million in liquidity alone, as Conic is currently providing one of the highest available yields in the crypto market for USDC. Deposits of frax and dai are considerably lower at $7 million and $5 million, respectively.\nHolders can lock their CNC tokens for vlCNC to participate in Conic governance and directly control how liquidity is allocated across Curve pools by participating in Conic’s Liquidity Allocation Votes (LAV) – which determine the share of an omnipool’s liquidity that a Curve pool can receive.\nIn the coming weeks, Conic’s demand among traders for its yield-generating products could ultimately generate value for its own CNC token.\nAs such, CNC tokens currently trade at $8, losing 4% in the past 24 hours with a market capitalization of $32 million.\nTo be sure, not all DeFit observers are fully embracing Conic\'s approach. Colin Johnson, the CEO and co-founder of tokenized art investment platform Freeport, called Conic "an interesting new avenue to access yield within the Curve ecosystem," yet added warily that "we\'ve seen historically what happens with promised returns of 20% or more (Terra)."\n"They either rapidly fade – which is most likely to happen here – or they build up an amount of stress that the system cannot handle, and we get an implosion," Johnson wrote. "Users should always beware when yield is delivered in a token that represents the very system they’re interacting with. When that token falls out of favor, its price tends to plummet."\nWhy use Conic?\nCurve uses smart contracts to offer an efficient way to exchange stablecoins while maintaining low fees and low slippage, according to developer documents. Depositors on Curve earn annual yields of up to 4% from one of the many pools on the platform, which locks over $5 billion worth of Ethereum-based tokens on its platform.\nCurve tokens (CRV) are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV). Holding veCRV allows users to participate in platform governance, earn higher rewards and fees and receive airdrops.\nThe tokens are time-locked, meaning users are incentivized to lock their CRV for a long time to receive more veCRV and platform rewards. However, this mechanism effectively locks up liquidity, creating opportunity costs for users.\nThis is where protocols like Conic come into play, allowing users to gain exposure to, or provide liquidity to, the Curve ecosystem to get rewarded while not having to lock up their tokens for long time periods by depositing on Curve directly.\nCrypto Expo Dubai 2023\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/Feb)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan Overall Household Spending (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches Three-Week Low After Powell\'s Hawkish Testimony; NEAR Foundation CEO on Web3 Outlook\nBitcoin fell to a three-week low after U.S. Federal Reserve Chair Jerome Powell\'s hawkish testimony to Congress spurred traders to price in a higher "terminal rate." Digital Economy Initiative advisory council member Martha Reyes weighed in. Plus, Near Foundation CEO Marieke Flament discussed her outlook on Web3 and female leadership in the crypto space on International Women\'s Day. Grayscale Investments Chief Legal Officer Craig Salm, MenaPay CEO Çağla Gül Şenkardeş and WomenInDeFi brand strategist Umeh Chinonye also joined the conversation. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).\nJPMorgan Is Cutting Ties With Crypto Exchange Gemini, Source:Coinbase said its banking relationship with JPMorgan remains intact.\nAlpha Sigma, Transform Ventures Partner on New $100M Crypto-Focused Funds:The firms are creating a holding company called Alpha Transform Holdings, Inc.\nCrypto Long & Short: Why Layer 2 Protocols Matter:They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems.\nCoinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps:The U.S. crypto exchange says the new service could help companies “to help bring the next hundred million customers into Web3 through a seamless wallet-onboarding experience.”\nGitcoin’s Owocki Says Crypto Can Regenerate the World. Just Don’t Call Him Starry-Eyed:A programmer by training, Kevin Owocki\'s view of securities law is not based in any formal legal training but crypto optimism, evolutionary science, economics and legal theory, with a focus on the principal-agent problem.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin inched down to its lowest level in more than three weeks. It regained some ground to trade at about $21,700. Insights: Conic Finance aims to offer its users yields as
**Last 60 Days of Bitcoin's Closing Prices:**
[17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-09
**Financial & Commodity Data:**
- Gold Closing Price: $1829.30
- Crude Oil Closing Price: $75.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $419,059,903,219
- Hash Rate: 288929457.4687504
- Transaction Count: 336854.0
- Unique Addresses: 700965.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.44
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Gains in the crypto market have probably been driven by a reversion to the mean, Bernstein said in a research report Monday, noting that bitcoin ( BTC ), the largest cryptocurrency by market capitalization, fell more than 65% last year. Mean reversion is a theory used in finance that suggests asset prices tend to revert to their long-term mean or average level. According to Bernstein, the mean reversion of crypto still has room to run, and so the broker advises caution about being bearish at current levels. Bitcoin in its entire history has never had two consecutive years of negative returns, it added. Although the implosion of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis has been negative, “the potential overhang on the liquid crypto markets has receded,” the report said. Much of the expected selling pressure has been in illiquid private crypto assets, it said. The risk of an immediate sell-off in the Grayscale Bitcoin Trust (GBTC) has also receded as creditors and Digital Currency Group, which owns Grayscale, Genesis and CoinDesk, negotiate a settlement, and with all the relevant situations now under court settlement, the “public crypto markets seem to have felt some relief from any forced selling narratives.” It is unlikely, however that this is the start of a sustained rally, because this is more “capital internal to crypto (sidelined stablecoins) being deployed,” analysts Gautam Chhugani and Manas Agrawal wrote. “We have not yet seen any new capital allocations to sustain this rally.” Regulatory news from Hong Kong , which is looking to allow crypto trading licenses for some assets, has also contributed to positive sentiment in the crypto market, the note added. Read more: First Mover Asia: Bitcoin Surges Past $23K Before Retreating...
- 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.
|
20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68
|
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 rug pull is a scam where a cryptocurrency orNFTdeveloper hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambling.\nRug pulls have increased asdecentralized finance(DeFi) attracts more investors to the crypto space. In the first six weeks of 2023, there were at least 11 rug pulls, resulting in the theft of a combined total of more than $14 million, according toComparitech’s crypto scam database.\nWe’ll cover the types of rug pulls, real-life examples and how to avoid falling for one yourself.\nRug pulls can be considered either hard or soft. A hard rug pull is when a developer has no intention of ever completing a project and intends to scam investors from the start, such as “hardwiring” a project’s code to leave an avenue open for theft. In contrast, a soft rug pull typically doesn’t have code-level fraud. Instead, soft pulls tend to rely on marketing hype to falsely inflate a project’s value, and then the project’s founders shut it down and run away with the money. Regardless, the result of either type is investor losses.\nRug pulls generally fall into the following categories:\nThis type of soft rug pull is similar topenny stock pump-and-dump schemes. The developers of a project hype it up to draw investors and encourage trading activity, using marketing tools such as social media, sweepstakes and other incentives as well as private servers such as Discord to make a community around the project. After inflating a coin or NFT’s value, the developers rapidly sell off their own supply, tanking the token’s value. Investors are then stuck with mostly worthless assets. Dumping schemes can span hours or years depending on the developers, and can sometimes look like normal market volatility rather than deliberate scams.\nProjects hosted on a DeFi trading platform typically require a pool of crypto tokens for trades and loans. These tokens are ostensibly secured withsmart contracts, but developers can build loopholes into the contracts allowing them to steal the pool of tokens from their investors. This is considered a hard rug pull, as the developers created the project with malicious intent baked in.\nAnother example of a hard rug pull, this scheme relies on a project’s developer including restrictions on selling in their tokens’ code. While investors can keep buying, they can’t sell unless a developer allows it. Scammers then dump their tokens when they want, leaving investors in the lurch and stuck with eventually worthless assets.\nThe short answer: It depends. Crypto fraud regulation is not yet consistent nationally or internationally. In the U.S., for instance, regulation has been spotty, as it’s not yet clear what the SEC considers under its purview. For instance, the SEC doesn’t consider Bitcoin a security, yet it filed a lawsuit against Ripple Labs for selling its XRP digital token. Ripple is fighting the charge, arguing that crypto tokens should not be treated as a security.\nIf you’re confused, you’re not alone — ironing out what counts as an investment contract (a security) or not is tricky in the crypto space. However, theSEC does have a guiding principlefor defining what’s a security. It’s called the Howey Test, and states that “an ‘investment contract’ exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.” Some pundits believe that blockchain projects, including initial coin offerings (ICOs), should be treated as securities, while the tokens themselves, such as bitcoins and ether, should not.\nWhile hard rug pulls are typically illegal, since it’s usually clear the developer has stolen investor funds with no intention of completing the project, soft rug pulls may not be technically illegal, though highly unethical. Because a soft rug pull can take years to occur, it can seem as if the developers are still actively working on the project, and they may be.\nHowever, some states are stepping up efforts to combat crypto fraud, even for scammers playing the long game. New York state, for instance, has proposed a bill that would penalize developers who own more than 10 percent of their virtual token supply and sell more than 10 percent of the total supply within a five-year period from the last sale of the tokens.\nCrypto scams are big business, with an estimated$25 billion lost to cryptocurrency and NFT scams so far, and no signs of slowing. And with over $2.8 billion lost to rug pulls in 2021 and more than 280 rug pulls executed in 2022 alone, there’s no shortage of examples to pull from.\nHere are a few rug pulls that stood out in recent years.\nFaruk Fatih Ozer, the founder of Thodex, formerly one of Turkey’s largest crypto exchanges, fled to Albania in 2021 after allegedly defrauding his platform users of $2.7 billion in funds. Before fleeing Turkey, Ozer’s company offered new registrants millions of freedogecoins, which many users say they never received.\nIn 2022 Ozer made the news again when he was arrested in Albania and extradited to Turkey. Turkey’s government has stated they’re seeking a 40,000-year-plus sentence against Thodex’s founders and co-conspirators.\nIn a prime example of a liquidity pooling scheme, AnubisDAO’s anonymous developers defrauded investors of about $60 million. The developers, who had no website or white paper, proposed a decentralized currency backed by a basket of assets. After receiving an outpouring of investor support, the developers drained the AnubisDAO liquidity pool 20 hours into the sale.\nIn the fall of 2021, an anonymous developer known asEvil Ape disappeared after taking $2.7 million of investor funds. Investors had fallen for a bogus NFT project called Evolved Apes, a collection of 10,000 cartoon apes that was supposed to include a fighting game. While the game was never developed, the NFTs exist and can still be found on OpenSea, an NFT marketplace.\nEthan Nguyen and Andre Llacuna made the news in 2022 when they were charged with conspiring to commit wire fraud and money laundering in one of the first rug pull crackdowns in the U.S. The duo had created an NFT project called Frosties, which they advertised as coming with rewards, giveaways and exclusive opportunities. Hours after selling around $1.1 million of Frosties, Nguyen and Llacuna shut down the project and absconded with investor funds.\nMost rug pulls come from new projects that might seem like exciting investments. With widespread fraud in the crypto world, extra scrutiny is called for before you invest your money.\nWhile not foolproof, these tips can help you sidestep a scam.\nA healthy dose of skepticism is useful when sorting through crypto hype. Not every new cryptocurrency or NFT will be the next big thing. In fact, most of them will not, as demonstrated by money pooled in the most popular cryptocurrencies. Bitcoin and Ethereum still dominate the market, with the third largest coin not even half of Ethereum’s market cap.\nAs many crypto experts say, don’t invest money you can’t afford to lose.\nOne of the tried-and-true ways scammers push sales is through creating a sense of urgency or scarcity. In other words, fear of missing out, or FOMO. If you feel like this is an opportunity you absolutely cannot pass up and that you have to invest immediately – before having time to research – take a time out. It’s probably wise to take a step back and assess what’s creating the feeling. Is there a legitimate time crunch or is it a manufactured feeding frenzy?\nUnlike some other industries, crypto doesn’t have a built-incooling-off period, meaning you can’t cancel or back out of a funds transfer, in most cases. Taking your time may mean missing out on an opportunity now and again, but it may save you even more.\nThe crypto world is full of anonymity and aliases, which is part of the reason fraud is so common in the space. However, you should still gather as much information about the project as you can. This could include the developers’ backgrounds, including past projects and experience. For those with coding and blockchain experience, look into the project specs. And if the project has a white paper, you’ll want to give it a read.\nIf the investment opportunity comes with disclosures, be sure to read them. The SEC has fined crypto companies for not providing necessary information to investors and potential investors. The regulator has stated that if crypto companies offer investment contracts (i.e., securities) in exchange for tokens, they must register and comply with SEC regulations.\n“We are not concerned with the labels put on offerings, but on their economic realities,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “And part of that reality is that crypto assets are not exempt from the federal securities laws.”\nIf a digital asset offering doesn’t have a disclosure, butseems to fit the description of a security, beware.\nBefore investing, make sure you do your due diligence. While you’re not guaranteed to catch every scam, you’ll have a much better shot at avoiding bad deals if you take your time and research thoroughly. If you’re putting your hard-earned money into a risky crypto project, it’s vital to understand what you’re buying and why you think it will go up in price.', 'Namthip Muanthongthae/Getty Images A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom \x93to pull the rug out\x94 from under someone, leaving the victim off-balance and scrambling. Rug pulls have increased as decentralized finance (DeFi) attracts more investors to the crypto space. In the first six weeks of 2023, there were at least 11 rug pulls, resulting in the theft o
**Last 60 Days of Bitcoin's Closing Prices:**
[17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-10
**Financial & Commodity Data:**
- Gold Closing Price: $1862.00
- Crude Oil Closing Price: $76.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $386,649,638,375
- Hash Rate: 291564668.6842239
- Transaction Count: 329334.0
- Unique Addresses: 762121.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.34
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Wall Street has been hit by a brutal market sell-off this year. Spencer Platt/Getty Images US stocks closed mixed on Tuesday as investors digested the latest earnings data. Goldman Sachs missed fourth-quarter estimates, while Morgan Stanley exceeded expectations. The New York Fed's Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years. US stocks closed lower on Tuesday, as investors digested the latest slate of earnings from Wall Street's heavyweight investment banks. Goldman Sachs contributed most to the market's sour sentiment, with the firm missing fourth-quarter expectations and weighing heavily on the Dow. Morgan Stanley reported better-than-expected earnings. Still, both firms noted the more challenging macroeconomic environment, and saw declines in dealmaking. Early Tuesday, the New York Fed's Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years. Here's where US indexes stood at the 4 p.m. closing bell on Tuesday: S&P 500 : 3,990.97, down 0.20% Dow Jones Industrial Average : 33,910.85, down 1.14% (391.76 points) Nasdaq Composite : 11,095.11, up 0.14% Here's what else is happening today: Wells Fargo's chief equities strategist said the S&P 500 could swing as much as 20% this year and reach 4,200. Inflation won't fall meaningfully without tipping the economy into a recession, according to JPMorgan Asset Management's chief investment officer Bob Michele . Bitcoin is having its strongest week since the collapse of FTX with a gain of 22%. In commodities, bonds, and crypto: West Texas Intermediate crude climbed 2.65% to $80.88 per barrel. Brent crude, the international benchmark, rose 2.41% to $86.50. Gold fell 0.44% to trade at $1,909.53 per ounce. The 10-year Treasury yield added two basis points to 3.531%. Bitcoin gained 0.25% to $21,367.37 Read the original article on Business Insider...
- 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.
|
20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nThe cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank\'s (SVB) failure caused some of the industry\'s core plumbing to go haywire.\nStablecoin priceswildly swungandgas fees soaredas investors scrambled to move money around hours afterregulators shut SVB amid a run on the bank, which had ties to crypto. It was thesecondcrypto-linked bank to go under this week.\nIn the aftermath,Treasury Secretary Janet Yellen convenedtop financial regulators to discuss the collapse of SVB. Not long after, crypto markets went into turmoil, suggesting the more-than-year-long bear market has entered an even darker phase.\nThere\'s echoes of the 2008 global financial crisis, when bad news kept getting followed up by even worse news. Though in the case of crypto, which lacks a central bank like the Federal Reserve that can bail out the industry, the question lingers: How will it end?\nRead More:U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank\nCircle Internet Financial\'s USDC stablecoin massively depegged from its intended $1 price – a harrowing development for a product designed as a place for investors to safely park money. TheUSDC/USDT pair(which tracks Circle\'s coin versus the bigger one issued by Tether) sank as low as $0.869 on the Kraken exchange at 07:16 UTC on Saturday – far lower than it ever got amid the market stresses that followed the FTX debacle in November. It was back around $0.94 as of 18:07 UTC.\nThe financial services companyconfirmedlate Friday that about $3.3 billion of the reserves backing the world\'s second-largest stablecoin were tied up at SVB.\nRead More:Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto\nStablecoins derive their value from those reserves; if one is worth more than $43 billion – as USDC was earlier on Friday – there should be roughly that much cash or cash-like fixed-income instruments stashed somewhere backing that up. USDC\'s market capitalization has now slumped below $40 billion.\nAnother stablecoin,MakerDAO\'s DAI, also depegged from $1.\nUSDT, meanwhile, at one point spiked to$1.06 on Kraken versus the U.S. dollaras investors appeared to shift money away from USDC.Bitcoin climbedback above $20,000.\nGas fees, which measures how much it costs to complete an on-chain transaction, surged. ForEthereum, the median gas feejumped as high as about 231 gwei, versus the roughly 20-to-40 range seen earlier Friday, according to Nansen.ai.\nCrypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto\'s Bitcoin paper debuted into a world where governments had just propped up the financial system by pouring money into it. Crypto lacks such a centralized authority. If SVB customers, including Circle and its USDC stablecoin, are forced to take a haircut on their money, the repercussions are unclear.\nSo who, if anyone, will step in?\nWhen Razer CEO Min-Liang Tan tweeted late Friday that Twitter should buy SVB and turn into a digital bank, billionaireElon Musk tweeted in reply, "I\'m open to the idea."\nRead More:Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents\nUPDATE (March 11, 2023, 18:07 UTC):Updates prices and adds DAI\'s depegging.', 'Join the most important conversation in crypto and web3! Secure your seat today The cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank\'s (SVB) failure caused some of the industry\'s core plumbing to go haywire. Stablecoin prices wildly swung and gas fees soared as investors scrambled to move money around hours after regulators shut SVB amid a run on the bank , which had ties to crypto. It was the second crypto-linked bank to go under this week. In the aftermath, Treasury Secretary Janet Yellen convened top financial regulators to discuss the collapse of SVB. Not long after, crypto markets went into turmoil, suggesting the more-than-year-long bear market has entered an even darker phase. There\'s echoes of the 2008 global financial crisis, when bad news kept getting followed up by even worse news. Though in the case of crypto, which lacks a central bank like the Federal Reserve that can bail out the industry, the question lingers: How will it end? Read More: U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank Circle Internet Financial\'s USDC stablecoin massively depegged from its intended $1 price – a harrowing development for a product designed as a place for investors to safely park money. The USDC/USDT pair (which tracks Circle\'s coin versus the bigger one issued by Tether) sank as low as $0.869 on the Kraken exchange at 07:16 UTC on Saturday – far lower than it ever got amid the market stresses that followed the FTX debacle in November. It was back around $0.94 as of 18:07 UTC. USDC/USDT sinks (Kraken) The financial services company confirmed late Friday that about $3.3 billion of the reserves backing the world\'s second-largest stablecoin were tied up at SVB. Read More: Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto Stablecoins derive their value from those reserves; if one is worth more than $43 billion – as USDC was earlier on Friday – there should be roughly that much cash or cash-like fixed-income instruments stashed somewhere backing that up. USDC\'s market capitalization has now slumped below $40 billion. Story continues Another stablecoin, MakerDAO\'s DAI, also depegged from $1 . USDT, meanwhile, at one point spiked to $1.06 on Kraken versus the U.S. dollar as investors appeared to shift money away from USDC. Bitcoin climbed back above $20,000. $USDT "depegged" to the upside, worth 1.06 $USD and 1.08 $USDC today. $USDC dipped to 0.89 $USD . You have to wonder if the market is losing faith in US-homed financial products. Board: https://t.co/ndnGPaSwmm pic.twitter.com/Fi6Fh5mSQk — Jesse Powell (@jespow) March 11, 2023 Gas fees, which measures how much it costs to complete an on-chain transaction, surged. For Ethereum, the median gas fee jumped as high as about 231 gwei, versus the roughly 20-to-40 range seen earlier Friday, according to Nansen.ai. Ethereum gas fees (Nansen.ai) Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto\'s Bitcoin paper debuted into a world where governments had just propped up the financial system by pouring money into it. Crypto lacks such a centralized authority. If SVB customers, including Circle and its USDC stablecoin, are forced to take a haircut on their money, the repercussions are unclear. So who, if anyone, will step in? When Razer CEO Min-Liang Tan tweeted late Friday that Twitter should buy SVB and turn into a digital bank, billionaire Elon Musk tweeted in reply , "I\'m open to the idea." Read More: Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents UPDATE (March 11, 2023, 18:07 UTC): Updates prices and adds DAI\'s depegging.', "TTEC Holdings, Inc. (NASDAQ: TTEC ) Q4 2022 Earnings Call Transcript February 28, 2023 Operator: Welcome to TTEC's Fourth Quarter and Full Year 2022 Earnings Conference Call. I would like to remind all parties that you will be in a listen-only mode until the question-and-answer session. This call is being recorded at the request of TTEC. I would now like to turn the call over to Paul Miller, TTEC's Senior Vice President, Treasurer and Investor Relations Officer. Thank you, sir. You may begin. Paul Miller: Good morning, and thank you for joining us today. TTEC is hosting this call to discuss its fourth quarter and full year 2022 financial results for the period ended December 31, 2022. Participating on today's call are Ken Tuchman, Chairman and Chief Executive Officer of TTEC; Shelly Swanback, Chief Executive Officer of TTEC Engage and President of TTEC; and Dustin Semach, Chief Financial Officer of TTEC. Yesterday, TTEC issued a press release announcing its financial results. While this call will reflect items discussed within that document, for complete information about our financial performance, we also encourage you to read our 2022 annual report on Form 10-K, which we anticipate will be filed at market close today. Before we begin, I want to remind you that matters discussed on today's call may include forward-looking statements related to our operating performance, financial goals and business outlook, which are based on management's current beliefs and assumptions. Please note that these forward-looking statements reflect our opinion as of the date of this call, and we undertake no obligation to revise this information as a result of new developments that may occur. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause our actual results to differ materially from those expected and described today. For a more detailed description of our risk factors, please review our annual report on Form 10-K. A replay of this conference call will be available on our website under the Investor Relations section. Story continues I will now turn the call over to Ken. Ken Tuchman: Thank you, Paul. Good morning, everyone, and thank you for joining us today. We ended 2022 with solid execution and financial results despite the increased uncertainties surrounding the global macroeconomic environment, our performance reflects our broad and diverse base of global clients, our expertise across strategic verticals and our full range of digital CX technology, AI and service capabilities. For the full year of 2022, bookings were $762 million. Revenue increased 9.4% to $2.44 billion on a constant currency basis. Adjusted EBITDA was $326.6 million or 13.4% of revenue. In addition, last year, we enhanced our public sector vertical with a meaningful acquisition. We publicly launched our strategic partnership with Google, deepened our partnership with each of our core strategic CX tec
**Last 60 Days of Bitcoin's Closing Prices:**
[17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-11
**Financial & Commodity Data:**
- Gold Closing Price: $1862.00
- Crude Oil Closing Price: $76.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $396,283,241,388
- Hash Rate: 357219695.9219277
- Transaction Count: 319707.0
- Unique Addresses: 721567.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cathie Wood is finally admitting she got some things wrong about Bitcoin.
The founder and CEO of ARK Investment Management said Thursday that she and her team misjudged the uptake of the cryptocurrency—or at least the timing of it—by companies and governments. Her firm has invested heavily in Bitcoin andcontinues to bet onits eventual rise to meteoric heights.
“We tempered a few assumptions,” shetold Bloomberg Radioon Thursday. “We thought that—led byTesla,Block(formerly Square), and MicroStrategy—more corporations would put Bitcoin on their balance sheets. We’ve dialed that one down considerably. And the same thing with nation-states.”
Bitcoin lost nearly 65% of its value over 2022, ending the year at about $16,500. It currently stands at just over $23,500.
Companies holding Bitcoin, not surprisingly, took a beating last year. Tesla for example said in aregulatory filingthis week that it registered a $204 million impairment loss on its Bitcoin holdings in 2022. As the cryptocurrency plunged, itsold 75% of its holdingslast year.
Meanwhile few governments were eager to follow the lead of El Salvador, which in 2021 became the first country toadopt Bitcoin as legal tender. A Bloomberg article in November last yearcarried the headline, “El Salvador’s $300 Million Bitcoin ‘Revolution’ Is Failing Miserably.”
“Other countries will probably not move as quickly as they might have if El Salvador had had a grand swoosh right off the bat,” said Wood. “We do think it will happen, it’s just we’ve pushed it out a bit.”
As for why it will happen, she noted the inflation and fiscal crises people have suffered due to governments’ monetary responses to the pandemic. “Well, where do these people go for an insurance policy against an implosion in their purchasing power and wealth? It is in something like Bitcoin. Bitcoin is an insurance policy,” she said.
Wood acknowledged that 2022 was a “terrible year for everything crypto.” But she said it was “the centralized, opaque players” like crypto exchange FTX that went bankrupt. Bitcoin, by contrast, “is a rules-based digital monetary system, and it’s global, and there’s no human intervention,” she added.
FTX founder Sam Bankman-Fried didn’t like Bitcoin because “it’s transparent and decentralized. He couldn’t control it,” Woodsaid in December.
Wood is sticking to herpredictionthat Bitcoin will see a rapid rise in value in the coming years. In five years, she said, it will hit “roughly $670,000, something like that, and then by 2030, as we see more use cases and more of these insurance policies taken out against fiscal and policy regimes that are not healthy, we think it could pass $1 million.”
Plenty of doubters have questioned her prediction. As Bloomberg host Carol Massar noted to Wood, “People are saying to me, ‘Really? Does she really stick to this?’”
Mark Mobius, the billionaire cofounder of Mobius Capital Partners,predicted in Decemberthat Bitcoin would fall to $10,000 at some point this year.
And this week, Warren Buffett’s right-hand man Charlie Munger argued in aWall Street Journalop-edthat a “cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house.”
Munger, who once called Bitcoin “rat poison,” said the U.S.should follow China’s leadand pass laws that prevent both crypto trading and the formation of new cryptocurrencies.
This story was originally featured onFortune.com
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- Reddit Posts (Sample): [['u/thadiusb', 'Was today a bit of a Bitcoiner’s wet dream?', 25, '2023-03-11 00:51', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/', 'So, a bank basically collapsed. Wells Fargo is doing some shady shit with deposits (conveniently heading into the weekend). Many unrealized losses on the books of all the big banks. The system cracking at a faster pace now.\n\nBitcoin is down again, yes, but 3 potential things can come of this.\n\nFirst is bailouts. Honestly I was a little surprised a bailout didnt come of Silicon Valley Bank. The start-up community is REKT. No one wanted to step in and help? Crazy. But with bailouts comes the ol’ money printer that would send Bitcoin right back up again.\n\nSecondly. No bailouts. Whoever survives, survives. Breadlines. Mass depression. Mass job loss. Hyperinflation. Probably the least likely scenario. \n\nThird. War-footing economy. In order to save the legacy financial system, and prevent another Great Depression, America finally launches into World War 3. \n\nEither way, lots of people lose. But Bitcoin will win.\n\nThis is a Bitcoiner’s wet dream. \n\nBitcoin was created as a result of the Great Recession. Now we have Bitcoin to guide us through the next Great Recession, or whatever consequences come of this.\n\nJust thoughts from a Bitcoiner.', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/', '11o4wn6', [['u/woodgraintippin', 17, '2023-03-11 00:56', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbqraxg/', 'Too bad these crypto companies spent so much time falsely associating their centralized scamcoins with bitcoin, and doing everything they can to to unsolve the byzantine emperors problem by merging to proof of stake. Most normies don\'t know what their life raft is anymore. \n\nI\'m also not pleased by people losing access to their money. Regardless of these events reconfirming my own beliefs in Bitcoin. So no, not a "wet dream"', '11o4wn6'], ['u/escape1979uk', 13, '2023-03-11 10:29', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbscuzp/', "You're getting ahead of yourself \n\nA tech startup engaged in basically shadow banking collapsed, not a high street bank that is propped up by government \n\nIt was nowhere near as dystopian as you make it sound \n\nHigh street banks do shady shit all the time... and they get away with it because of the sheer volume of assets they manage \n\nWhen BAML, Citi, HSBC etc start to crack at the seams, then you might be warranted with your level of glee at peoples suffering and misery", '11o4wn6'], ['u/bitcorner22', 13, '2023-03-11 12:09', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbsjrl6/', 'tiny? It\'s a top 20 bank and the second largest bank failure in US history.\n\nthe reason why they became insolvent is also very interesting, they held "risk free" treasury bonds that lost so much value that they became insolvent. How many other banks hold the same bonds?', '11o4wn6']]], ['u/Small_Cap_Finder', '1 Bitcoin or higher income?', 18, '2023-03-11 01:28', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/', "You've got an extra $25k and BTC is $20k right now. Would you rather:\n\nA) Buy 1 Bitcoin\n\nB) Get a CDL + a few months of cushion to land a job as a cementing operator for payment of $3k a week after taxes.", 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/', '11o5s6d', [['u/lostrapt', 108, '2023-03-11 01:38', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqwrgx/', 'B) first invest in yourself then invest in bitcoin', '11o5s6d'], ['u/Deskrad', 10, '2023-03-11 01:39', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqwvwj/', '3k a week after taxes to push a cement truck? Are you fucking kidding me? I design airplane and rocket components and make 2/3s that a week?', '11o5s6d'], ['u/gdmfsobtc', 16, '2023-03-11 01:55', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqyxq7/', "B, it's a no-brainer.", '11o5s6d'], ['u/RoyYourWorkingBoy', 11, '2023-03-11 02:22', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbr29zr/', 'B) All day long. Buy yourself a $1000 in btc and get a job with the rest.', '11o5s6d'], ['u/adigabusymind', 17, '2023-03-11 03:20', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbr9ffg/', 'I love this sub when it’s reasonable. And very strangely, most of the time it is.', '11o5s6d'], ['u/pantuso_eth', 14, '2023-03-11 03:33', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbrb3gg/', 'Enjoy it while it lasts. Just wait until ~$50k. No more reasonable posts then', '11o5s6d'], ['u/Comicaz3', 16, '2023-03-11 03:37', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbrbjr9/', 'The best lesson here, honestly. Joining the military sucked for short term pains but paid off for long term gains making six figures', '11o5s6d']]], ['u/SVXYstinks', 'This is the moment Bitcoin is supposed to shine, right?', 98, '2023-03-11 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/', 'So Satoshi made Bitcoin in response to the Great Financial Crises and that having a fixed supply of “currency” was the only way for any economy to be fair.\n\nI was told for the last few years that when the fiat banking system faces severe stress, like what is happening right now, Bitcoin is going to save the day and be the safe haven.\n\nSo my question is, why haven’t we pumped? This seems like the closest we’ve been to the reason Bitcoin was created in the first place, shouldn’t people be starting to convert their money to Bitcoin? Or is it going to be a slow process?\n\nSeems like the options are either people move over to crypto or QE starts, both of which seems extremely bullish for us.', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/', '11o6yl1', [['u/friedballbag', 26, '2023-03-11 02:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr32af/', 'Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. The current inflation is being caused by demand in supply, disruption of food supply and energy. Long term wise Bitcoin looks positive but currently not so much.', '11o6yl1'], ['u/already_night', 39, '2023-03-11 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3b33/', "Does it look like BTC isn't shining? Shit was 0.01$ when it was made. It's 20k now. Idk about you, but that's a fucking supernova shining.", '11o6yl1'], ['u/Smiling_Jack_', 22, '2023-03-11 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3jxc/', 'Nailed it.\n\nBTC is a hedge against currency debasement, which is not the same thing as inflation.', '11o6yl1'], ['u/astockstonk', 79, '2023-03-11 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3l6k/', '1 Bitcoin is literally worth $20,000. \n\nSeems to be doing ok if you ask me. Would hate to see what things looked like if Bitcoin was actually performing terribly and we saw that value reduced to rubble overnight.', '11o6yl1'], ['u/Intfamous', 113, '2023-03-11 02:38', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4c1r/', '"pump" isnt the reason BTC was created...', '11o6yl1'], ['u/[deleted]', 17, '2023-03-11 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4q1o/', 'what about the sensationalized "crypto blood bath" and "crypto ice age" headlines? weve been waiting to use them for 3 months', '11o6yl1'], ['u/Cryptizard', 38, '2023-03-11 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4wjx/', '>having a fixed supply of “currency” was the only way for any economy to be fair.\n\nHow is that fair? It means that early adopters are inherently preferred and later adopters are penalized. Don\'t confuse "fair" with "profitable for me."', '11o6yl1'], ['u/kyles08', 37, '2023-03-11 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr55lm/', "Crypto as an alternative to the banking system, doesn't work when the crypto companies rely on the banking system.", '11o6yl1'], ['u/zoomercoomer9000', 10, '2023-03-11 03:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr7d2p/', "Feel like I'm getting a free lesson in economics here.\n\n> Debasement refers to lowering the value of a currency. It can happen if a government prints more money, increasing the money supply without a corresponding increase in output.\n\nThanks to you and Professor Friedballbag.", '11o6yl1'], ['u/Bucksaway03', 11, '2023-03-11 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbre92x/', "But it's the reason most are here", '11o6yl1'], ['u/liveaskings', 54, '2023-03-11 04:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbrh50m/', 'A pump was how I was created...', '11o6yl1'], ['u/liveaskings', 13, '2023-03-11 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbrhgk4/', 'The type of rise any asset would dream of', '11o6yl1'], ['u/Intfamous', 19, '2023-03-...
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.
|
22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82
|
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:**
["Vancouver --News Direct-- Allied PR Cryptocurrencies have grown in popularity. And with their rise in popularity, several investors have created passive income by riding this new wave. Rookies may need help to invest in cryptocurrencies. They are still learning this industry's ins and outs and testing the waters. Visit the official TeslaCoin Website Crypto trading is now made easier by the emergence of a plethora of crypto trading bots. Yet, not all of them in this highly competitive sector seem to be reliable. TeslaCoin is an auto trading bot that allows investors to benefit from the cryptocurrency market with little effort. According to its website, TeslaCoin is an automated trading tool that may help people profit by trading in the cryptocurrency market. The app aims to help traders sell and purchase four popular cryptocurrencies, namely, Bitcoin, Ripple, Ethereum, and Cardano. The creators claim that the app will help traders continuously benefit from the market by concentrating on minor, predictable price swings. All of these earnings are passed on to users. According to the website, traders may save a lot of time by letting the app do all the work like analyzing the market trends and identifying profitable trades, etc. It is worth mentioning here that TeslaCoin's website does not have any information regarding its prior success record. Nor does it have any customer testimonials. Nonetheless, the site claims to provide a demo account for traders to try out TeslaCoin without losing money on real trading. Another noteworthy promise made by the creators of TeslaCoin is that the site is absolutely free to use. TeslaCoin claims to have no account fees or transaction commissions. The only money needed to start a new account is a deposit of $250 to be used by the trader for real time trading. According to the Tesla Coin website, this trading platform employs AI to carry out crypto deals automatically. TeslaCoin uses the money deposited in the trader's account to initiate a deal. After the deal is completed, TeslaCoin exits the market and deposits the profits in the trader's account. Story continues Traders may hold on to the profits, withdraw them or use them for further transactions. Teslacoin's algorithm, like those of other similar crypto trading services, is most likely trained on years of crypto pricing data to enable the AI to find patterns that lead to predictable price changes in either direction. When the AI recognizes such patterns in current pricing data, it may initiate and close transactions depending on the way these patterns have previously played out. The website does not offer information regarding its previous trading performance. Traders may be able to utilize the platform's demo account to try out TeslaCoin and decide if the algorithm can consistently earn profits for them under current market trends. The platform has several distinctive features. The first is its trading function, which is completely automated. The Tesla Coin website claims that this trading platform can purchase and trade Bitcoin, Ripple, Ethereum, and Cardano entirely on its own. Traders do not need to take any action manually while using TeslaCoin. According to the website, traders simply need to sign in momentarily each day to monitor their accounts. This would significantly cut the amount of time traders would have to spend monitoring the cryptocurrency market. It promises to be suitable for both novice and expert cryptocurrency traders. This makes sense considering that users are expected to have little to no physical involvement. The app promises to do everything for the trader - from placing trades to closing them. According to TeslaCoin , a dedicated account manager has been allocated to each user. This account manager will help newbies in learning how to use the site. It has a good demo trading account. Anybody who wants to trade with TeslaCoin must utilize Teslacoin's demo trading capabilities. This account provides virtual money that allows users to buy and sell virtual currencies in a way similar to a real trading session. Users may learn about the platform and the bitcoin market by practicing on a demo trading account. Novice traders learn to make trades, learn from their mistakes, and get acquainted with the platform using only virtual currency. Even if consumers have prior crypto trading expertise, it is important to note that each platform is unique and operates in a different manner. It is critical to do a test run before trading in real time. According to the TeslaCoin website, all traders are given access to a proper trading account. This account may be used to analyze this crypto trading platform without risking funds in actual transactions. It also allows traders to study how the platform operates before jumping into actual trading. In addition to Bitcoin, the Tesla Coin app enables investors to trade some of the market's most popular altcoins, such as Ethereum, Litecoin, Bitcoin Cash, Binance Coin, Bitcoin Gold, Ripple, IOTA, NEO, ADA, EOS, Dash, and ZCash. Traders can trade in several cryptocurrencies on the platform. Its versatility makes it more appealing to investors looking for greater opportunities with a number of options. The network of reliable brokers available on TeslaCoin assists investors through the whole trading process if complications arise. Each user is assigned a broker, who has a team of professionally competent individuals. Open Your Tesla Coin Account Now From The Official Site These brokers have a thorough grasp of the financial market and can start and execute transactions with laser precision. TeslaCoin traders may take advantage of expert brokerage services. Traders are free to withdraw funds from their accounts at any moment. Withdrawals are completed immediately, and funds are credited to the trader's account. TeslaCoin is distinctive among crypto trading platforms in that it claims to have no joining costs. According to the creators of TeslaCoin, traders will not have to pay account fees or give up a portion of their earnings to use TeslaCoin. It is unclear how TeslaCoin earns money, but this approach has the potential to be highly profitable to traders. In terms of registration, one of the most significant promises made by TeslaCoin on its website is the free-to-use platform. According to TeslaCoin, traders are not required to pay joining fees, trading commissions, or profit commissions. TeslaCoin additionally does not charge deposit or withdrawal fees. To open a new account with TeslaCoin, all traders must deposit at least $250. This money is not a joining fee. It is for traders to be able to trade real time. It funds their trades. If traders decide TeslaCoin isn't for them, they may withdraw their funds at any moment. The signup form is available at the top of the home page. People need to fill up this form to join the TeslaCoin platform. To open a new account, traders must provide their real names, a valid email address, and phone number. After the account is verified, funds will be needed. tobe added so that they can begin trading in real time.. Deposits may be made through bank transfer, debit or credit card. TeslaCoin claims that there are no deposit fees and that funds may be taken out at any time. TeslaCoin suggests that traders begin by using the site in demo mode. This is a chance to learn more about TeslaCoin and how the platform operates. Traders may also keep watching TeslaCoin's activities to learn and understand its performance in the present market. When traders are ready to start trading with real money, they may turn on live trading on the dashboard. Once enabled, TeslaCoin will instantly begin making transactions using money from a user's account. The profits from trades are paid to the trader's account once TeslaCoin concludes them. Traders can withdraw cash from their accounts at any moment. Withdrawals are handled instantly and are fee-free. Teslacoin's creators say that the trading platform uses artificial intelligence to make crypto deals automatically. It uses money from a trader's account to initiate a deal. After the deal is finished, TeslaCoin automatically exits and deposits all funds, including any gains, to the trader's account. Traders may then retain the funds in their account to be reused for future transactions, possibly compounding the value of their account. Alternatively, they might withdraw the gains to their bank accounts. There is no information about the success or win rate on the website. Therefore, users are cautioned to use the app carefully since crypto trading is risky and losing trades is unavoidable - newbies should only spend what they can handle losing. TeslaCoin traders should also be aware that earnings from cryptocurrency trading are taxable in several jurisdictions. According to the creators, joining this platform is absolutely free and includes a demo mode that allows users to test the platform before investing real money. Moreover, the trading platform concentrates on large cryptocurrencies, such as Bitcoin, which are known to be unstable and provide several options for fast-paced trading. Traders are advised to trade using a demo account in order to avoid losses. Traders with very few resources may benefit more. They may borrow funds from their broker and speculate to make more money than their budget would allow. This is also known as leverage trading, and it provides users with an edge. Moreover, the trading software is simple and free to use. To begin trading, the trader must first join by filling up the form on the home page and fund the trading account. The firm does not charge commissions or brokerage on transactions. The platform does not charge any withdrawal fees, and the trader may withdraw 100% of the winnings. According to the Tesla Coin creators of this digital trading platform, their customer support is always open for its consumers , and they may contact them at any time with questions. The reader
**Last 60 Days of Bitcoin's Closing Prices:**
[17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-12
**Financial & Commodity Data:**
- Gold Closing Price: $1862.00
- Crude Oil Closing Price: $76.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $395,754,383,106
- Hash Rate: 348559824.50563854
- Transaction Count: 265555.0
- Unique Addresses: 621363.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article is part of an ongoing series celebrating the 30th anniversary of the first ETF listed on U.S. exchanges. The SPDR S&P 500 ETF (SPY) hit U.S. exchanges 30 years ago this week with roughly $6.5 million in assets and to little fanfare. Three decades later, the launch has become one of the most successful to date, with an industry-leading $354.6 billion in assets. It would have been hard to imagine in 1993 that assets in the ETF industry globally would be approaching $10 trillion in 2023. In fact, last year’s more than $505 billion intake was the second largest on record, according to data from the research firm ETFGI. That’s not all that’s happened over 30 years of ETF investing. While SPY certainly leads the way, there have been dozens of evolutions and iterations of ETFs worth revisiting. From actively managed ETFs that first got the green light in 2008 to single-stock funds that hit markets last year, there has been plenty to keep investors busy. ETF.com has compiled a list of 30 milestones in the ETF industry. While it’s not an exhaustive one by any means, it helps put into context all of the progress that has happened over the past three decades of ETF investing. 1993 The SPDR S&P 500 ETF (SPY) makes its debut as the first U.S.-listed ETF in January. 1995 The SPDR S&P Midcap 400 ETF Trust (MDY) launches in May. 1996 iShares, then owned by Morgan Stanley, debuts international ETFs with international exposure for the first time. SPY crosses $1 billion in assets. 1998 The Select Sector SPDR ETFs debut some of the first to track S&P 500 sectors. 1999 The Invesco QQQ Trust (QQQ) launches. 2000 Small cap ETFs debuted with the launch of the iShares Core S&P Small-Cap ETF (IJR) . Factor-based ETFs debuts with an iShares launch. The dot-com bubble bursts. 2001 The Sept. 11 attacks sends SPY into bear territory. 2002 iShares rolls out the iShares 1-3 Year Treasury Bond ETF (SHY) , the first bond ETF, in July. 2004 The SPDR Gold Trust (GLD) launches in November. It is the first physical gold ETF. iShares debuts a China-focused ETF for direct access to Chinese markets. 2005 iShares debuts sustainable ETFs incorporating an environmental, social and governance strategy. 2006 ProShares launches the first leveraged/inverse ETFs in June. 2007 The subprime mortgage crisis starts in April, precipitating the Global Financial Crisis. 2008 Active ETFs are approved by the Securities and Exchange Commission for the first time. 2009 Bitcoin, the first cryptocurrency, begins trading in January. 2010 Term-maturity ETFs debut with bonds that all mature in the same year. Story continues The Flash Crash in May brings high-frequency trading under scrutiny. 2012 SPY crosses $100 billion in assets in January. 2016 Bond ETF AUM skyrockets to $500 billion globally. SPY crosses $200 billion in assets in August. 2018 The first defined outcome ETFs launch in August. 2019 The Securities and Exchange Commission passed the ETF Rule in September, streamlining the process for new ETF launches. ETFs reach a total of $4 trillion globally. 2020 The COVID-19 pandemic in March triggers a 34% drawdown in the market. 2021 The first bitcoin futures ETF launches in October. 2022 Single-stock ETFs debut for the first time in the U.S. in July. 2023 SPY turns 30 in January. Recommended Stories Jim Ross Looks Back Over SPY’s 30 Years What Microsoft’s Downbeat Outlook Means for Tech ETFs Invesco to Close 26 ETFs in Shakeup of Its Listings Hot Reads: Passive Funds to Overshadow Active in US Permalink | © Copyright 2023 ETF.com. All rights reserved View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44
|
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:**
["All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority. The notice came in a joint statement delivered by U.S. Federal Reserve Chairman Jerome Powell, U.S. Treasury Secretary Janet Yellen, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg. The decision was made in consultation with President Joe Biden, according to a press release , which emphasized that the U.S. taxpayer will not bear any losses as a result of the resolution. “The U.S. banking system remains resilient and on a solid foundation,” the joint statement said, citing banking regulations established after the 2008 global financial crisis that “ensured better safeguards for the banking industry.” Signature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down The closure of Signature Bank represents the third U.S. bank failure to take place within the past week, and the second financial institution to fall that’s central to the digital assets industry. Silvergate said it would voluntarily wind down operations and liquidate last Wednesday, vouching to pay back its depositors in full. Previously, the bank said that it would also discontinue the Silvergate Exchange Network (SEN). The SEN played a crucial role for crypto-native firms as a round-the-clock payment service for Silvergate’s clients. Signature Bank operates a similar service called Signet, a digital payments platform used for real-time payments by the institutions' clients. Though Silvergate and Signature were both popular institutions among crypto-native firms, Signature’s total assets of around $110 billion made the bank much bigger than Silvergate, which reported a total of $11 billion in assets as of the end of last year. This Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash Cryptocurrency prices increased following the joint statements release. Bitcoin and Ethereum had risen 7.2% and 8.2% over the past day to around $21,850 and $1,580, respectively, according to CoinGecko . Story continues Stablecoin USDC also swelled towards its peg to the U.S. dollar, which it previously lost amid the collapse of Silicon Valley Bank. The price of USDC—the second-largest stablecoin by market capitalization— fell to $0.87 after its issuer Circle said $3.3 billion of the token’s reserves were held with the failed bank. Though depositors who held funds with Signature Bank will be protected when the institution reopens Monday, shareholders and “certain unsecured debtholders” will not be, the statement said, adding that the crypto-friendly bank’s senior management has been removed. The Federal Reserve Board said Sunday that additional funds will be made available to depository institutions that are eligible in order to assure they’re able to meet the needs of their depositors. “The Federal Reserve is prepared to address any liquidity pressures that may arise,” the organization stated in a press release, adding that the measures will eliminate “an institution's need to quickly sell [high-quality] securities in times of stress.” In a separate statement , the Federal Reserve Board released details about its so-called Bank Term Funding Program (BTFP), which offers bank loans of up to one year, where eligible institutions pledge U.S. Treasuries and other assets as collateral in exchange for loans in the amount of the assets’ face value. “These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy,” the statement said.", "All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority.\nThe notice came in a joint statement delivered by U.S. Federal Reserve Chairman Jerome Powell, U.S. Treasury Secretary Janet Yellen, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg.\nThe decision was made in consultation with President Joe Biden, according to apress release, whichemphasized that the U.S. taxpayer will not bear any losses as a result of the resolution.\n“The U.S. banking system remains resilient and on a solid foundation,” the joint statement said, citing banking regulations established after the 2008 global financial crisis that “ensured better safeguards for the banking industry.”\nSignature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down\nThe closure of Signature Bank represents the third U.S. bank failure to take place within the past week, and the second financial institution to fall that’s central to the digital assets industry.\nSilvergate said it would voluntarily wind down operations and liquidate last Wednesday, vouching to pay back its depositors in full. Previously, the bank said that it would also discontinue the Silvergate Exchange Network (SEN).\nThe SEN played a crucial role for crypto-native firms as a round-the-clock payment service for Silvergate’s clients. Signature Bank operates a similar service called Signet, a digital payments platform used for real-time payments by the institutions' clients.\nThough Silvergate and Signature were both popular institutions among crypto-native firms, Signature’stotal assetsof around $110 billion made the bank much bigger than Silvergate, whichreporteda total of $11 billion in assets as of the end of last year.\nThis Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash\nCryptocurrency prices increased following the joint statements release. Bitcoin and Ethereum had risen 7.2% and 8.2% over the past day to around $21,850 and $1,580, respectively, according toCoinGecko.\nStablecoin USDC also swelled towards its peg to the U.S. dollar, which it previously lost amid the collapse of Silicon Valley Bank. The price of USDC—the second-largest stablecoin by market capitalization—fellto $0.87 after its issuer Circle said $3.3 billion of the token’s reserves were held with the failed bank.\nThough depositors who held funds with Signature Bank will be protected when the institution reopens Monday, shareholders and “certain unsecured debtholders” will not be, the statement said, adding that the crypto-friendly bank’s senior management has been removed.\nThe Federal Reserve Board said Sunday that additional funds will be made available to depository institutions that are eligible in order to assure they’re able to meet the needs of their depositors.\n“The Federal Reserve is prepared to address any liquidity pressures that may arise,” the organization stated in a press release, adding that the measures will eliminate “an institution's need to quickly sell [high-quality] securities in times of stress.”\nIn a separatestatement, the Federal Reserve Board released details about its so-called Bank Term Funding Program (BTFP), which offers bank loans of up to one year, where eligible institutions pledge U.S. Treasuries and other assets as collateral in exchange for loans in the amount of the assets’ face value.\n“These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy,” the statement said.", 'By Ambar Warrick Investing.com --The dollar fell sharply against a basket of currencies on Monday as markets reassessed their outlook for future interest rate hikes by the Federal Reserve, amid growing expectations that the central bank will reconsider its hawkish rhetoric in the face of a looming banking crisis. Traders were now pricing in a greater chance that the Fed will raise rates by 25 basis points bps when it meets next week, a sharp reversal in the 50 bps expectations being priced in earlier. The trend comes as the collapse of Silicon Valley Bank (NASDAQ:SIVB) highlighted the deepening economic cracks caused by a sharp increase in interest rates over the past year. The dollar weakened sharply against a basket of currencies, with the dollar index and dollar index futures down 0.7% and 0.8%, respectively. The two were trading at over two-week lows. Short-term Treasury yields also plummeted from recent highs, while long-term yields firmed on the prospect of a potential pause in further interest rate hikes. The U.S. Treasury and the Fed had over the weekend announced emergency funding measures for the banking sector, after the sudden collapse and regulatory seizure of SVB last week. The White House also said it will ensure that depositors in the bank are made whole, and that SVB customers will have access to their deposits starting Monday. But markets now questioned the scope for further monetary tightening in the U.S., given that more rate hikes are likely to cause more economic damage. Goldman Sachs analysts said that they no longer expect the Fed to hike rates this month, and expressed uncertainty over the path of monetary policy given the recent stress on the banking sector. Analysts at ING said that a 50 bps hike when the Fed meets on March 22 appeared unlikely, but said that a 25 bps raise was still on the cards. The Fed will convene for an emergency, closed-door meeting later on Monday, the results of which are expected to provide more insight on the central bank’s actions going forward. Story continues Focus this week is also on consumer price index inflation data for February, after jobs data released last week showed some cooling in wage growth . Related Articles Dollar slumps, rate hikes in question as Fed limits SVB fallout Bitcoin, USDC stablecoin rally after US intervenes on SVB Dollar weakens after U.S. jobs data suggests slower rate hike path', 'By Ambar Warrick\nInvesting.com --The dollar fell sharply against a basket of currencies on Monday as markets reassessed their outlook for future interest rate hikes by the
**Last 60 Days of Bitcoin's Closing Prices:**
[18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-13
**Financial & Commodity Data:**
- Gold Closing Price: $1911.70
- Crude Oil Closing Price: $74.80
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $434,383,127,250
- Hash Rate: 339899953.08934945
- Transaction Count: 333107.0
- Unique Addresses: 725571.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This weeks crypto market rebound got another jolt on Friday afternoon as Bitcoin (BTC) blasted off to heights unseen since August 2022, with fellow market leaders like Ethereum (ETH) and Solana (SOL) also posting sizable gains. Bitcoin has peaked as high as $22,687 so far this afternoon, per data from CoinGecko , and at a current price of $22,613 has risen almost 8% over the past 24 hours. The last time that Bitcoin traded that high was on August 18, 2022, well before Novembers collapse of exchange FTX sent the leading cryptocurrencys price plummeting below the $16,000 mark. Todays sudden pump pushes Bitcoins seven-day gains to 20%, with a 34% jump registered over the last 30 days. Bitcoin remains down 68% from its all-time high price above $69,000 set in November 2021, but the recent gains show a crypto market on the rise after a brutal 2022. Bitcoin, Ethereum Enjoy Bullish Week as Crypto Market Adds $77B The price of Ethereum, the second-largest cryptocurrency by total market cap, has climbed almost 7% today to $1,656, marking a four-month peak for the coin. It last traded this high in September 2022, according to CoinGecko. ETH is now up 17% on the week, with a sizable 30-day increase of 36%. Overall, the cryptocurrency market has seen a 6% boost in value over the past 24 hours, with coins like Dogecoin (DOGE), Cardano (ADA), and Ripples XRP posting similar gains during the span. Solana (SOL), however, is skyrocketing compared to most of the rest of the crypto market this week. The coin, which fell to a nearly two-year low of just above $8 in late December, has climbed 18% today to a current price above $25. Its the highest price tracked for Solana since the market declined amid Novembers FTX uncertainty, and marks a 52% rise for SOL this week alone. Solana has more than doubled in price over the last 30 days, including the aforementioned dip into single digits. Its now the 10th-largest coin by market cap after briefly falling out of the top 20 in December....
- Reddit Posts (Sample): [['u/milonuttigrain', 'Every cycle there are loads of coins that were said to be "the next big thing" and even made it to top 20, just to be forgotten in a few years. What do you think about the current top 20? Any coin that won\'t be relevant in 2025?', 238, '2023-03-13 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/', 'Through out the history in recent cycle, so many coins has made it to top 20, being said to be "the next big thing" and never to be seen again.\n\nSome examples:\n\n* NEO - The "Chinese Ethereum": Reach ATH at $196.85 (5 years ago, in Jan 2018). It was on top 8 back then. Currently $10.13 (rank 62nd). Being said as the "Chinese Ethereum", built on a “smart economy”, "attracted interest from giants such as Alibaba and Microsoft". Now well forgotten.\n* EOS - Once a top 9 at market cap of $8.3B in Jan 2018. Once said "enormous upside *potential* in the future and has a place in every investor\'s portfolio", "conduct millions of transactions per second". Turn out to be a complete flop.\n* ICON - The "Korean Ethereum". Aimed to "hyperconnect the world", "powered by Loopchain, which is a high-performance enterprise blockchain with smart contract features". Once top 15, now well forgotten.\n* BCH - Bitcoin Cash promoted by Bitcoin Jesus Roger Vers. Once a top 4! Not much thoughts these days.\n* BTG - Bitcoin Gold, similar fate and even worse than BCH\n* IOTA - Once a top 10, designed for "Internet of Things", "potentially higher scalability over blockchain based distributed ledgers". IOTA has been the target of phishing, scamming, and hacking attempts with ton of down time. Now not much talks.\n* NEM - Used to be a top 7. Can\'t even recall the last time I read something about this.\n* QTUM - ditto\n* LISK - ditto\n* DASH - once said to be a rival of Monero. Pretty forgotten now.\n* BitConnect - no further explation needed.\n* NANO - once heavily shilled by this sub, "fast, feeless and environment friendly".\n\nTop 20 back in Jan 2018 (around 5 years ago):\n\n[Top 20, Jan-2018](https://preview.redd.it/8k0cng4i8ena1.png?width=736&format=png&auto=webp&v=enabled&s=21d9c096053692f2294a84282bb963092d8d2c4e)\n\nThis cycle we have another BitConnect, LUNA. Just that it refuses to die and become classic instead.\n\nThe current top 20 now:\n\n* Top 1-5: BTC, ETH, USDT, BNB, USDC\n* Top 6-10: XRP, ADA, MATIC, DOGE, BUSD\n* Top 11-15: SOL, DOT, DAI, SHIB, TRON\n* Top 16-20: LTC, AVAX, UNI, LEO, LINK\n\nFor the current cycle, which coins do you think won\'t be relevant in 3 years?', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/', '11ptql0', [['u/[deleted]', 10, '2023-03-13 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzq80t/', 'Most of em but I think ethereum matic and Bitcoin will do well and always monero', '11ptql0'], ['u/eat-sleep-rave', 14, '2023-03-13 00:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqgkg/', "From the top 20, the **TRON** is completely irrelevant to me. I wouldn't buy it now even with a huge discount if I had to hold it for more than a year afterward", '11ptql0'], ['u/Justreadingcomment', 70, '2023-03-13 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqju9/', 'NANO IS THE FUTURE.\n\nEdit: Banano*', '11ptql0'], ['u/Maxx3141', 200, '2023-03-13 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzql52/', "This will certainly turn into another Solana bashing post.\n\nSo let's add something more controversial: BNB should be gone. Not because of Binance, but because there is no reason to keep centralized ETH clones when we have real ETH L2s.", '11ptql0'], ['u/EmuGroundbreaking348', 37, '2023-03-13 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqqe2/', "If I were to guess, I'd go with LEO, TRON and SHIB. \n\nGoing by my track record, they'll probably wind up top 10", '11ptql0'], ['u/StonedRex', 15, '2023-03-13 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqsay/', "I love Banano, it's feeless, super fast and rich in potassium!", '11ptql0'], ['u/gkarq', 17, '2023-03-13 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqzgr/', 'Not gonna lie that I still love the concept of IOTA and the use of DAG in its transactions. Still remember the hype around it in 2017!', '11ptql0'], ['u/bingbang456', 22, '2023-03-13 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzr1ut/', "If anyone says Matic I'm gonna lose my mind", '11ptql0'], ['u/milonuttigrain', 15, '2023-03-13 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrd2z/', 'Paid member please post the Potassium intensifying gif', '11ptql0'], ['u/oachkatzalschwoaf', 25, '2023-03-13 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrljo/', "Omg your examples: i still hold my NEO and ICON. With IOTA its worse as i havn't really stopped dca in.", '11ptql0'], ['u/milonuttigrain', 16, '2023-03-13 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrr4m/', 'So you hold both Chinese Ethereum and Korean Ethereum…', '11ptql0'], ['u/astockstonk', 35, '2023-03-13 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrwvo/', 'BTC and ETH are rock solid to be in the top 20. \n\nI think ATOM or DOT (and probably both) will be there. \n\nAfter that, I don’t have a clue.', '11ptql0'], ['u/oachkatzalschwoaf', 14, '2023-03-13 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrxxf/', 'The hype is gone, but, despite some internal issues with the team from time to time, they are really working hard on their project and there is also progress which gives me hope that they might com back "some day"', '11ptql0'], ['u/gkarq', 12, '2023-03-13 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzs8bq/', 'Yheeep! I do follow IOTA from time to time, and as an architect myself I almost dream of a futuristic world of smart-cities powered by a smart-contracts or a coin like IOTA.', '11ptql0'], ['u/Snowbattt', 81, '2023-03-13 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzslun/', 'Not popular around here but I could see ALGO sink into nothingness', '11ptql0'], ['u/ETH_Knight', 65, '2023-03-13 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzswhi/', 'ETC is ethereum that refused the DAO fork. It wasnt an ethereum killer. It was ethereum lol\n\n\nhttps://qz.com/730004/everything-you-need-to-know-about-the-ethereum-hard-fork', '11ptql0'], ['u/osoese', 13, '2023-03-13 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt0ew/', 'ETC - another "Ethereum killer" that killed itself, used to be top 18 in Jan 2018. \nlol tell me you don\'t understand what you are talking about in one small bulletpoint', '11ptql0'], ['u/ZealousidealFault468', 14, '2023-03-13 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt5am/', 'Iota will come\n Back', '11ptql0'], ['u/bingorunner', 14, '2023-03-13 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt9z8/', 'My guess is that there wont be any generic AI coins in the top 20 - mostly bc almost all the other coins in the top 20 by then will have adapted AI into their protocols, making AI specific coins irrelevent', '11ptql0'], ['u/philcsik', 13, '2023-03-13 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztdnc/', 'ETC is the original chain and was never advertised as "ETH Killer", since it has the same updates (almost as ETH) but is on POW.\n\nETC has a fixed monetary policy and smart contracts on L1.', '11ptql0'], ['u/Odysseus_Lannister', 55, '2023-03-13 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzte45/', 'You used to be able to argue for cheapness and speed of ETH clones before L2s or roll ups but now the entire BSC chain is just a scam haven.', '11ptql0'], ['u/French_physicist', 51, '2023-03-13 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztk9z/', 'Matic', '11ptql0'], ['u/French_physicist', 19, '2023-03-13 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztp5y/', 'NANO is the past, the present and the future, all at once', '11ptql0'], ['u/Justreadingcomment', 33, '2023-03-13 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzts4p/', '', '11ptql0'], ['u/philcsik', 13, '2023-03-13 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztti1/', 'Also had to roll my eyes, as I read this shit.', '11ptql0'], ['u/bingbang456', 37, '2023-03-13 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztzv1/', 'You son of ...
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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24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97
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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 Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week. Bond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold. Crude oil futures dropped over 4% to a three-month low. Data showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month earlier. On a yearly basis, it rose 6.0% in February, compared with 6.4% in January. U.S. Treasury yields moderately extended gains following the data, indicating some expectation that the Fed could continue to raise rates but at a gradual pace. [US/] "The CPI report although in line and not perfect did not scream that they have no choice but to raise. The Fed still has options, which is a good thing," said Jamie Cox, managing partner for Harris Financial Group in Richmond, Virginia. Tuesday\'s broad gains in equity markets signaled a "relief rally," he said. The Dow Jones Industrial Average rose 336.26 points, or 1.06%, to 32,155.4, the S&P 500 gained 64.8 points, or 1.68%, to 3,920.56 and the Nasdaq Composite added 239.31 points, or 2.14%, to 11,428.15. All 11 major sectors in the S&P 500 ended the trading day higher. U.S. bank stocks jumped, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors. European shares closed up 1.53%, notching their largest one-day gain since December and marking the first gain in four sessions. [.EU] European banks rebounded 2.5%, one day after their largest one-day sell-off in over a year. The MSCI All-World index reversed early losses to advance 0.84%, gaining for the first in six sessions. As recently as a week ago, investors were just recovering from a reality check that prompted many to assume rates around the world were likely to head much higher and stay there for longer than previously expected. Story continues "The 50-basis-point hikes are off the table for now. Markets are too fragile," Harris Financial Group\'s Cox said in a phone interview. In under a week, three U.S. banks have collapsed. It was the failure of technology-sector lender Silicon Valley Bank (SVB) that rattled investor confidence and triggered a rush into safe-haven assets like bonds and gold. On Tuesday, ratings agency Moody\'s cut its outlook on the U.S. banking system to "negative" from "stable." Banking stocks around the world have shed hundreds of billions of dollars in value in a matter of days, while the government bond market has seen one of its biggest rallies in decades. In afternoon trading, U.S. Treasury two-year yields rose 19.5 basis points (bps) to 4.225%, while the benchmark 10-year yield gained 12 bps at 3.637%. The yield curve extended its inversion in the wake of the CPI data as investors started to price in a rate hike next week. Germany\'s two-year yield rose to 2.883% after falling by 37 basis points a day earlier.[GVD/EUR] Expectations for the peak of the ECB deposit rate dropped to around 3.4% on Monday from 4.1% last Thursday, with markets betting central banks would soften their policy stance as they assess financial stability risks. The euro was up 0.01% on the day, having gained 1.51% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, retreated 0.01%. The dollar rose 0.77% against the yen, with the yen pressured as recent safe-haven flows and Treasury yields reversed. Gold\'s safe-haven rally also dried up on Tuesday in the face of higher Treasury yields. Spot gold prices were last down 0.5% at 4:%1 p.m. EDT (2051 GMT). U.S. gold futures finished down 0.3% at $1,910.90. Oil prices were down on lingering concerns that a fresh financial crisis could reduce future oil demand. Brent futures, the global benchmark, fell 4.1% to settle at $77.45 a barrel, while U.S. crude settled down 4.6% at $71.33. They were the lowest closes for both benchmarks since Dec. 9 and their biggest one-day percentage declines since early January. In addition, both contracts fell into technically oversold territory for the first time in weeks. Bitcoin hit a nine-month high, taking gains past 30% in four sessions. New York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto." (Reporting by Tom Westbrook Editing by Sonali Paul, Mark Potter, Leslie Adler and Daniel Wallis)', 'By Chris Prentice and Amanda Cooper\nNEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week.\nBond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold.\nCrude oil futures dropped over 4% to a three-month low.\nData showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month earlier. On a yearly basis, it rose 6.0% in February, compared with 6.4% in January.\nU.S. Treasury yields moderately extended gains following the data, indicating some expectation that the Fed could continue to raise rates but at a gradual pace. [US/]\n"The CPI report although in line and not perfect did not scream that they have no choice but to raise. The Fed still has options, which is a good thing," said Jamie Cox, managing partner for Harris Financial Group in Richmond, Virginia.\nTuesday\'s broad gains in equity markets signaled a "relief rally," he said.\nThe Dow Jones Industrial Average rose 336.26 points, or 1.06%, to 32,155.4, the S&P 500 gained 64.8 points, or 1.68%, to 3,920.56 and the Nasdaq Composite added 239.31 points, or 2.14%, to 11,428.15.\nAll 11 major sectors in the S&P 500 ended the trading day higher.\nU.S. bank stocks jumped, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors.\nEuropean shares closed up 1.53%, notching their largest one-day gain since December and marking the first gain in four sessions. [.EU]\nEuropean banks rebounded 2.5%, one day after their largest one-day sell-off in over a year.\nThe MSCI All-World index reversed early losses to advance 0.84%, gaining for the first in six sessions.\nAs recently as a week ago, investors were just recovering from a reality check that prompted many to assume rates around the world were likely to head much higher and stay there for longer than previously expected.\n"The 50-basis-point hikes are off the table for now. Markets are too fragile," Harris Financial Group\'s Cox said in a phone interview.\nIn under a week, three U.S. banks have collapsed. It was the failure of technology-sector lender Silicon Valley Bank (SVB) that rattled investor confidence and triggered a rush into safe-haven assets like bonds and gold.\nOn Tuesday, ratings agency Moody\'s cut its outlook on the U.S. banking system to "negative" from "stable."\nBanking stocks around the world have shed hundreds of billions of dollars in value in a matter of days, while the government bond market has seen one of its biggest rallies in decades.\nIn afternoon trading, U.S. Treasury two-year yields rose 19.5 basis points (bps) to 4.225%, while the benchmark 10-year yield gained 12 bps at 3.637%. The yield curve extended its inversion in the wake of the CPI data as investors started to price in a rate hike next week.\nGermany\'s two-year yield rose to 2.883% after falling by 37 basis points a day earlier.[GVD/EUR]\nExpectations for the peak of the ECB deposit rate dropped to around 3.4% on Monday from 4.1% last Thursday, with markets betting central banks would soften their policy stance as they assess financial stability risks.\nThe euro was up 0.01% on the day, having gained 1.51% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, retreated 0.01%.\nThe dollar rose 0.77% against the yen, with the yen pressured as recent safe-haven flows and Treasury yields reversed.\nGold\'s safe-haven rally also dried up on Tuesday in the face of higher Treasury yields. Spot gold prices were last down 0.5% at 4:%1 p.m. EDT (2051 GMT). U.S. gold futures finished down 0.3% at $1,910.90.\nOil prices were down on lingering concerns that a fresh financial crisis could reduce future oil demand.\nBrent futures, the global benchmark, fell 4.1% to settle at $77.45 a barrel, while U.S. crude settled down 4.6% at $71.33.\nThey were the lowest closes for both benchmarks since Dec. 9 and their biggest one-day percentage declines since early January. In addition, both contracts fell into technically oversold territory for the first time in weeks.\nBitcoin hit a nine-month high, taking gains past 30% in four sessions.\nNew York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto."\n(Reporting by Tom Westbrook Editing by Sonali Paul, Mark Potter, Leslie Adler and Daniel Wallis)', 'Bitcoin continued to gain momentum in Tuesday morning trading in Asia after a bounce back yesterday as regulators acted to backstop the U.S. banking industryfollowing failures at California-based lenders, a move that also helpedrestore parity to the USDC stablecoin.Most of the top 10 non-stablecoin cryptocurrencies gained. However, U.S. equities closed mixed on Monday, rattled by the bank failures, while speculation grew that the bank problem may cause the Federal Reserve to pause plans to raise interest rates.\nSee related article:Banks are bringing systemic risks to crypto, says Circle’s Disparte\n• Bitcoin surged 7.21% in the past 24 hours to US$24,251 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The world’s largest cryptocurrency is up 8%
**Last 60 Days of Bitcoin's Closing Prices:**
[19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-14
**Financial & Commodity Data:**
- Gold Closing Price: $1906.20
- Crude Oil Closing Price: $71.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $471,527,512,312
- Hash Rate: 316085306.6945542
- Transaction Count: 327892.0
- Unique Addresses: 728811.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Silvergate Capital ( SI ) stock fell 41% at the open of Thursday's trading day after the bank announced it would wind down operations and liquidate its bank. Silvergate shares closed trading at $2.84. Shares of its crypto-friendly peer, Signature Bank ( SBNY ), were also volatile Thursday morning. They were down 12.18% as of Thursday's close. Silvergate announced its voluntary liquidation and wind down of its business late Wednesday afternoon. The total market capitalization for all crypto assets as measured by Coinmarketcap fell below $1 trillion early Thursday morning. It is currently valued at $994 billion, down more than 6% over the past 24 hours as of 5 p.m. New York time. Bitcoin ( BTC-USD ) is changing hands at $20,300, down 8% to a seven week low. Silvergate's shutdown raises new doubts about the relationship between traditional banks and the cryptocurrency world, said one observer. "One of the crypto industry's favorite narratives has always been that it would overwhelm traditional banks by providing superior services," said John Paul Koning, author of the financial blog Moneyness . "Well, crypto has finally overwhelmed its first bank, not because crypto was superior," he added. Representations of virtual currency bitcoin on top of a U.S. dollar banknote are pictured through broken glass in this illustration taken June 25, 2021. REUTERS/Dado Ruvic/Illustration (Dado Ruvic / reuters) But one analyst, Conor Ryder with Kaiko, said Thursday that there is still "glaring" evidence of the need for a crypto-friendly bank. "The next best contender will likely be a smaller bank raising their hand to take on the risk of crypto in search of a wave of new deposits," Kaiko's Ryder added in a research note. Silvergate's decision to liquidate came one week after it said Silvergate faced business and regulatory challenges causing the company to weigh its " ability to continue as a going concern for the twelve months ." That notice spooked crypto-related firms using the bank such as Coinbase, Paxos, Galaxy Digital and others that chose to distance themselves from Silvergate last Thursday, hastening further withdrawals. Story continues "The Bank's wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets," Silvergate said. Silvergate Bank, a state-chartered bank, is jointly regulated by the Federal Reserve and the state of California. Its holding company, Silvergate Capital, is also regulated by the Federal Reserve. California's Department of Financial Protection and Innovation is monitoring the situation according to a statement from its commissioner, Clothilde Hewlett. The bank added that it intends to repay depositors in full and has hired financial advisors, Centerview Partners LLC, legal advisors, Cravath, Swaine & Moore LLP, and Strategic Risk Associates for "transition project management assistance." U.S. attorney Damian Williams speaks to the media regarding the indictment of Samuel Bankman-Fried the founder of failed crypto exchange FTX in New York City, U.S., December 13, 2022. REUTERS/David 'Dee' Delgado (David Dee Delgado / reuters) Silvergate became a regional bank in 1996, but it wasnt until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like the now-bankrupt Genesis . It carved out a niche for itself by giving banking access to a growing number of crypto startups. Those offerings evolved into the SEN, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours. Silvergate suspended its SEN platform last Friday. Silvergate held $1.8 billion in total deposits and $2 billion in assets at the end of its 2018 fourth quarter. By crypto's peak in 2021, its total deposits and assets had risen to $14.3 billion and $16 billion, respectively. Following the bankruptcy of crypto exchange FTX, Silvergate's total deposits and assets fell to $6.2 billion and $11.3 billion by the end of last year's fourth quarter. To repay those withdrawals, the company sold its fixed income portfolio, taking mark to market losses on the investments in a high interest rate environment. Like Silvergate, New York-based Signature Bank also attracted a growing number of crypto depositors in recent years with Signet, its own 24/7 USD transfer platform. Now it is pulling back its crypto exposure. In a mid-quarter update, Signature showed its spot deposit balances through January and February were $826 million lower, driven by a $1.5 billion decline in digital asset deposits as part of a planned reduction announced last November. JPMorgan's North American equity research team said in a Monday research note that Signature can "thread the needle" on cutting its exposure to the industry's firms . On Thursday, Signature published updated financials showing it continues to reduce its loan balances. JPMorgan's steam said they maintain their "overweight" position on the bank. David Hollerith is a reporter for Yahoo Finance. Follow him on Twitter @DSHollers Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance...
- 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.
|
24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29
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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:**
['African Fintech company Chipper Cash, which was doubly backed by collapsed financial giants FTX and Silicon Valley Bank, may be experiencing some financial troubles. Or is it?\nChipper Cash CEO Ham Serunjogi put out astatementon Sunday claiming that the recent failings of both Silicon Valley Bank and Silvergate Bank, while chaotic, had an “insignificant” effect on the payments company.\n“We had a very limited amount of money (only about $1M) held in our SVB account at the time the bank was taken over by the California regulator,” explained Serunjogi. And while SVB was an investor in Chipper, its funds were delivered immediately.\n"What is happening now doesn’t change that," he wrote. "Additionally, SVB wasn’t the only investor in that round."\nChipper appears to have had no exposure to Silvergate.\nMeanwhile, a TuesdayBloombergreport citing "people familiar with the matter" claimed that the company is weighing a possible sale. However, an official response from the company to the outlet asserted that Chipper Cash has “never sought to be acquired.”\nChipper did not respond to a request for comment fromDecrypt.\nNew Crypto Venture Fund to Invest in African Startups\nChipper Cash is an app for sending and receiving payments across Africa. It also allows users to send and receive crypto and to buy cryptocurrencies including Bitcoin, Ethereum, and USDC within the app.\nAll three cryptocurrencies suffered in the aftermath of SVB’s failure on Friday, but quickly recovered after the Federal Reserve confirmed a uniform bailout for all of the bank’s depositors.\nAmid the weekend turmoil, the CEO added that customer operations were not interrupted by SVB’s failure, and that the firm has multiple other banking partners in the United States. Nevertheless, he said, SVB played a special role in supporting the company, particularly in its early days.\nBitcoin Surges Nearly 20% Following Silicon Valley Bank \'Bailout\'\n"Five years ago when I was trying to open Chipper’s first bank account, SVB was the only bank that would accept us," Serunjogi wrote. "I know there are countless other startups all doing very important work who would say the same thing."\n"it is quite sad to see such a pillar of our ecosystem brought to its knees," he added.\nIn 2021, Chipper became Africa\'s "most valuable startup" when it closed a$100 million Series Bled by SVB. Nevertheless, Serunjogi said the bank owns just 2% of Chipper.\nLike many crypto startups, Chipper has weathered some standard bear market troubles. After raising an additional$150 million from FTXin late 2021, the defunct exchange marked Chipper’s valuation down from $2 billion to$1.25 billion13 months later. During the same month, Chipperlaid off12.5% of its workforce.', 'African Fintech company Chipper Cash, which was doubly backed by collapsed financial giants FTX and Silicon Valley Bank, may be experiencing some financial troubles. Or is it? Chipper Cash CEO Ham Serunjogi put out a statement on Sunday claiming that the recent failings of both Silicon Valley Bank and Silvergate Bank, while chaotic, had an \x93insignificant\x94 effect on the payments company. \x93We had a very limited amount of money (only about $1M) held in our SVB account at the time the bank was taken over by the California regulator,\x94 explained Serunjogi. And while SVB was an investor in Chipper, its funds were delivered immediately. "What is happening now doesn\x92t change that," he wrote. "Additionally, SVB wasn\x92t the only investor in that round." Chipper appears to have had no exposure to Silvergate. Meanwhile, a Tuesday Bloomberg report citing "people familiar with the matter" claimed that the company is weighing a possible sale. However, an official response from the company to the outlet asserted that Chipper Cash has \x93never sought to be acquired.\x94 Chipper did not respond to a request for comment from Decrypt . New Crypto Venture Fund to Invest in African Startups Chipper Cash is an app for sending and receiving payments across Africa. It also allows users to send and receive crypto and to buy cryptocurrencies including Bitcoin, Ethereum, and USDC within the app. All three cryptocurrencies suffered in the aftermath of SVB\x92s failure on Friday, but quickly recovered after the Federal Reserve confirmed a uniform bailout for all of the bank\x92s depositors. Amid the weekend turmoil, the CEO added that customer operations were not interrupted by SVB\x92s failure, and that the firm has multiple other banking partners in the United States. Nevertheless, he said, SVB played a special role in supporting the company, particularly in its early days. Bitcoin Surges Nearly 20% Following Silicon Valley Bank \'Bailout\' Story continues "Five years ago when I was trying to open Chipper\x92s first bank account, SVB was the only bank that would accept us," Serunjogi wrote. "I know there are countless other startups all doing very important work who would say the same thing." "it is quite sad to see such a pillar of our ecosystem brought to its knees," he added. In 2021, Chipper became Africa\'s "most valuable startup" when it closed a $100 million Series B led by SVB. Nevertheless, Serunjogi said the bank owns just 2% of Chipper. Like many crypto startups, Chipper has weathered some standard bear market troubles. After raising an additional $150 million from FTX in late 2021, the defunct exchange marked Chipper\x92s valuation down from $2 billion to $1.25 billion 13 months later. During the same month, Chipper laid off 12.5% of its workforce.', "A federal judge in Florida has ruled in favor of a plaintiff who sued anonymous hackers and issued formal notice of the legal action via NFT, according to recent court filings.\nThe ruling, a default judgment from Judge Beth Bloom of the United States District Court Southern District of Florida, declares that the unidentified hackers are on the hook for the $971,291 worth of USDT (Tether) that they stole from plaintiff Rangan Bandyopadhyay’s Coinbase wallet in December 2021.\nThe perpetrators have been ordered to pay the equivalent amount back to Bandyopadhyay, with the amount set to accrue interest on that debt until it is paid in full.\nBecause of the blockchain, it remains unclear who these digital thieves were, let alone where they reside. That’s why Judge Bloom permitted them to be served via NFT in last week’s case, using the same on-chain addresses they used to steal from Bandyopadhyay.\nSee You in Court, Anon: UK Judge Allows Lawsuits via NFT Airdrop\nThe hackers tricked the plaintiff into linking his Coinbase wallet to a fake liquidity mining project, and then drained money from that wallet to their own. After several transfers, the funds ended up in a Binance Exchange Pool.\nJudge Bloom’s determination that NFTs constituted a legitimate form of legal notification for these defendants marks the first time an American federal court has allowed defendants to be served by NFT.\nPrior to last week’s ruling, aNew York county courtpermitted the practice early last year. Last summer, aU.K. court ruledthat NFTs are an acceptable method of notifying anonymous, on-chain defendants in that country.\nThe trend marks a turning point for legal systems that are desperately trying to catch up with a slew of new types of crime facilitated by blockchain technology. Crypto-savvy hackers routinely create elaborate networks of fake companies to persuade unsuspecting victims to link their wallets, which are drained shortly thereafter. In an ecosystem where even high-profile, legitimate actors routinely operate anonymously, it can be hard to discern the legitimate from the dubious.\nIt is even harder to get digital funds and assets back once they’re stolen.\nGovernments Have Been Seizing Stolen Bitcoin and Ethereum. How?\nBut, according to Fernando Bobadilla—the attorney who successfully represented Bandyopadhyay in last week’s case—the blockchain can be just as problematic for hackers as it so often is for their victims.\n“These fraudsters are usually outfits outside of the United States, and everything that they tell the victim is a lie about their own identity,” Bobadilla toldDecrypt. “But what they can't hide is the transfer of the funds via the blockchain. The ledger is there and they can't hide.”\nThe attorney is confident that he and his client are well on the way to recovering at least a portion of the stolen funds—though he wouldn’t elaborate on how that might be possible.\n“Us knowing where the crypto is sitting makes the entire collection strategy viable,” is all he would say.\nAmerican-based crypto companies like Circle, which issues stablecoin USDC, and Coinbase, the centralized crypto exchange, have previouslyfrozen fundsoraccountsat the behest of the American government. USDT, the cryptocurrency stolen from Bandyopadhyay’s wallet, however, is issued by Tether, a Hong Kong-based company; Binance, where those funds were purportedly deposited last year, has also previouslyfrozen stolen fundstransferred to its accounts, though the company has alsofamously avoidedclarifying its home country.", "A federal judge in Florida has ruled in favor of a plaintiff who sued anonymous hackers and issued formal notice of the legal action via NFT, according to recent court filings. The ruling, a default judgment from Judge Beth Bloom of the United States District Court Southern District of Florida, declares that the unidentified hackers are on the hook for the $971,291 worth of USDT (Tether) that they stole from plaintiff Rangan Bandyopadhyay\x92s Coinbase wallet in December 2021. The perpetrators have been ordered to pay the equivalent amount back to Bandyopadhyay, with the amount set to accrue interest on that debt until it is paid in full. Because of the blockchain, it remains unclear who these digital thieves were, let alone where they reside. That\x92s why Judge Bloom permitted them to be served via NFT in last week\x92s case, using the same on-chain addresses they used to ste
**Last 60 Days of Bitcoin's Closing Prices:**
[20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-15
**Financial & Commodity Data:**
- Gold Closing Price: $1926.60
- Crude Oil Closing Price: $67.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $469,401,216,725
- Hash Rate: 318250274.5486265
- Transaction Count: 345059.0
- Unique Addresses: 750215.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: DUBAI, United Arab Emirates --News Direct-- Bybit Bybit, the third most visited crypto exchange in the world, today announced it will donate $100,000 to Turkey’s disaster relief efforts in response to the recent earthquake that struck the country. This donation was made with the aim of helping those affected by the disaster and providing aid to those in need. “We are deeply saddened by the earthquake that hit Turkey and we wanted to do our part to help those affected," said Ben Zhou, co-founder and CEO of Bybit. “We are committed to using our platform’s influence and resources to make a difference in people’s lives. We hope this contribution will go a long way towards providing relief for those impacted by this tragedy.” In order to ensure that the donation has maximum impact, Bybit has researched and decided to help fund AFAD Türkiye (Ministry of Interior Disaster and Emergency Management Precidency), which is the official establishment for all disaster rescue operations across Turkey. The team at Bybit is working to process the payment as soon as possible. Bybit is no stranger when it comes to giving back and being socially responsible. In addition to its donation efforts, Bybit also supports various charitable organizations globally including a donation of $800,000 in Bitcoin over two years to help support UNICEF’s work in providing equal access to education. “We are proud of our commitment towards making a positive impact in the world," added Zhou. "By donating funds and leveraging our influence, we hope more people can become aware of Turkey's needs and get involved." Find out more about Bybit: Crypto donation service Bybit partners with The Giving Block World Series of Trading UNICEF donation Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund. Story continues Contact Details Bybit [email protected] Company Website https://www.bybit.com/en-US/ View source version on newsdirect.com: https://newsdirect.com/news/crypto-giant-bybit-steps-up-for-disaster-relief-following-earthquakes-in-turkey-855261188...
- Reddit Posts (Sample): [['u/Nullius_123', 'Why might a government want to stop you buying crypto?', 14, '2023-03-15 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/', "The UK banks are falling into line. They mostly limit customers' access to crypto to £1000 per day. Another one announced this today. Some don't allow transfers to crypto exchanges at all. They claim this is about protecting against fraud, but this looks like a very thin argument. Doubtless we'll be hearing the same argument from some other countries too.\n\nIt appears to me more likely that the government is trying to close the on and off ramps. Why? What are they afraid of? They certainly don't seem to be too bothered about making their people poorer.\n\nThe answer: losing control of the money supply. If the public are losing trust in the banks; inflation is not under control; and (in Britain) the country is facing economic decline, many people will want to put their wealth into assets that are not denominated in the local fiat currency. A stampede into Bitcoin would be very troubling for a central bank that does not own any.\n\nSo, we could be in for a period of difficulty - getting money into and out of crypto might be harder for a while as governments vie with the crypto community. The outcome is far from assured. \n\nMaking things illegal does nothing to stop demand. The very act of trying to prevent people from buying Bitcoin says much about how in demand it is and the advantages it offers. There will be workarounds.\n\nThere is also a good chance that some smaller countries' central banks will start to hold Bitcoin. Once (if) this happens the floodgates will open and laws passed in Washington or London will be as effective tissue paper in a rainstorm.", 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/', '11rf97e', [['u/iwontsaysiimfine', 13, '2023-03-15 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/jc87tzd/', 'Control. Is reddit working wgain', '11rf97e'], ['u/Korvacs', 11, '2023-03-15 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/jc8aj5t/', "The daily limit in the UK that most banks are setting is £5,000. So over £1.8 million annually. \n\nI don't really see that as being a problem that impacts the vast majority of people. If you're struggling with the fact that you're limited to spending £150,000 a month then I'm sorry, you're living on another planet compared to most people here.\n\nAnd as for what the UK Gov is actually trying to achieve with Cryptocurrency regulation, you can read about it here https://www.reddit.com/r/CryptoCurrency/comments/11khcxj/uk_gov_consultation_future_financial_services/", '11rf97e']]], ['u/Far_Breakfast_5808', "ELI5: How does manipulation of Bitcoin's price actually work?", 101, '2023-03-15 00:41', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/', 'In recent times there have been so many counterintuitive events related to the price of Bitcoin. For example, within the last few days it\'s rallied from 20K to as high as 26K (it\'s currently down to 24K). That\'s despite the fact that Silvergate and Signature both collapsed. You\'d think either or both would cause Bitcoin\'s price to fall, but instead it had the opposite effect.\n\nNow I understand that the sub is a bit tired about talking about the price of Bitcoin. I know it keeps saying that BTC\'s price is manipulated. However, this is what I\'m not exactly understanding, so I\'d like to get an ELI5 on this: how exactly does Bitcoin price manipulation work anyway? And assuming no one knows the real answer, what could be possible ways and methods on how the price is manipulated? And finally, what does "Tether printing" have anything to do with all of this?', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/', '11rfajy', [['u/KissmySPAC', 14, '2023-03-15 00:47', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8640t/', 'Wash trading isn\'t illegal in crypto like it is in stocks. Think of it as something like a tennis match. Except the players are the same person. The ball is the price action going back and forth. If the move to the top side of the court, the price goes up, and if they move to the down side, the price goes down. The price is always dictated by the last trade no matter the size. It doesn\'t matter how much is traded, but rather the price. It\'s called "making a market". It\'s why most stock traders go by the VWAP method for chart analysis. VWAP combines volume and weight or size of the trades. Even though it\'s illegal in stocks, it\'s difficult to prove tampering.\n\nThis doesn\'t even include Binance\'s fictitious books and audit.', '11rfajy'], ['u/greyenlightenment', 15, '2023-03-15 01:02', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc86ewq/', "It's a giant casino. Nothing of value is produced, nor does price change represent the creation of economic value. There is not much more to it than that.", '11rfajy'], ['u/DrBraw', 19, '2023-03-15 01:03', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc86fxt/', 'since exchanges are opaque, unregulated and owned by borderline criminals we have no way to validate trades parties, it’s reasonable to assume the price can and will be manipulated whenever possible… have you noticed that price surges in a steep way but goes down slowly?', '11rfajy'], ['u/Far_Breakfast_5808', 11, '2023-03-15 01:18', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc87s83/', "My question wasn't if manipulation exists, my question is *how* this manipulation works (assuming it does).", '11rfajy'], ['u/PA2SK', 89, '2023-03-15 01:31', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc89e24/', 'No one knows EXACTLY how it works, because exchanges do their best to keep that secret, but we can infer certain things. One way is likely wash trading, they have bots that will trade billions of dollars worth of tokens back and forth between each other. There have been a few studies showing inflated volumes on exchanges and linking it to corresponding price hikes in crypto, that\'s probably wash trading.\n\nAnother possibility is using stablecoins like tether, which are simply printed out of thin air, to buy up crypto on exchanges. That pushes the price up, which causes people to FOMO in, which pushes it up even more. At that point they can dump Bitcoin on them and cash out for real USD on the top. \n\nAnother way is to limit or outright halt trading to prevent people selling. You see this when there\'s a big crash and all the exchanges shut down due to "technical issues". That stops people selling until they can prop the market up again.\n\nThat\'s three ways, most likely there\'s more.', '11rfajy'], ['u/Background_Aside_825', 53, '2023-03-15 01:33', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc89smu/', 'To answer the tether question, maybe the following thought exercise helps make it clear.\n\nFirstly, understand that it\'s relatively rare to trade USD directly for bitcoin, especially now that crypto is losing all of its USD banking. The actual trading pair is with stablecoins, including tether, and then because they\'re ostensibly worth $1USD this is treated as equivalent with a USD pair for price charts. When you see the price of BTC, it\'s how many USDT tokens people are using to buy BTC, not necessarily dollars. This is important, keep it in mind.\n\nNext, what does "printing tethers" mean? It means tether is making new USDT, presumably without any USD involved. Thus it costs them nothing to have vast sums of tokens to use however they feel is appropriate... Let\'s just assume that these new issuances are partially or wholly unbacked for the sake of argument, many people assume this including some cryptobros, there\'s plenty of (somewhat weak, which is unsurprising given how opaque they are) evidence that they are undercollateralized but it\'s a huge tangent. \n\nSo then how does this lead to price manipulation?\n\nWell, either by distributing it to partners who then buy BTC with it at the target price or by buying BTC themselves, they affect that USDT/BTC trading pair without any more actual money ever entering the system. People have accused them in the past of making unbacked USDT, buying BTC with it, and then claiming that BTC is the backing... Something that should make you shudder if you think about it for too long.\n\nAnd why is this manipulation debated instead of being visible on chain? Well in the age of exchanges and OTC transactions, very little activity actually occurs on chain, and most of these "sales" can easily happen in some backend book-keeping and at best get resolved in giant lump sum Blockchain transactions that include many exchange transactions.. there has been a lot of sus on chain activity, there\'s a twitter account that follows the whale wallets and flags suspicious activity, but the granularity of those transactions is so large that it\'s conjecture to assume that they\'re manipulation related.\n\nI would be shocked if there weren\'t other methods of manipulation (looking at the evidence that\'s come out of how FTX manipulated their books might help your imagination here), but I think this is the one people can guess most accurately about.\n\nAs an aside, Binance recently was proven to have made a bunch of "fake" BUSD that was unbacked and not even necessarily correct on chain (bit fuzzy remembering the details here, sorry) presumably to do this same thing I just describ...
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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25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin and ether are coming off a multi-day rally, slipping into the red.\nInsights: Bitcoin and ether volatility stunned bears and bulls alike over a 24-hour period earlier this week. Was the price movement the result of the bank crisis?\nBitcoin Dips Below $25K as Market Debates Liquidity\nCoinDesk Market Index (CMI)\n1,089\n−28.3▼2.5%\nBitcoin (BTC)\n$24,330\n−621.2▼2.5%\nEthereum (ETH)\n$1,649\n−63.7▼3.7%\nS&P 500\n3,891.93\n−27.4▼0.7%\nGold\n$1,919\n+12.6▲0.7%\nNikkei 225\n27,229.48\n+7.4▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin and ether began the Asia trading day in the red, with bitcoin declining 2.5% to $24,330 and ether declining 3.7% to $1,649.\nLiquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank.\nMost recently, something appears to have spooked the Federal Deposit Insurance Corp. as itreplaced $40 billionin funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB.\nAsReuters recently reported, over the past week the TGA was down nearly $100 billion before the FDIC returned its $40 billion.\n“The TGA was drawn down all during 2023, and that helped markets in general including bitcoin. But as of late in the last five days, the TGA had nothing to do with bitcoin\'s outperformance,” Mark Connors, head of research at 3iQ, told CoinDesk in a note. “There\'s a little more confidence that the bitcoin thesis is not just intact, but it\'s been validated at a level that we\'ve never seen before.”\nConnors says this is a question of confidence for the Federal Reserve.\n“When you see the Fed creating a bubble, popping the bubble and then not knowing which game to play by inflation, or stabilize financial markets, it does not instill confidence,” he continued.\nA bigger question at hand is rate volatility, according to Connors, and the market hates uncertainty.\n“The reason that\'s important is because rates are used to price every asset on the planet,” he said. “And when you have uncertainty on interest rates, you have uncertainty on what everything is worth.”\nThe next meeting of the Fed\'s rate-setting Federal Open Market Committee is scheduled to take place March 21-22.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221213.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u221210.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u221210.3%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin, Ether Volatility Stuns Bears and Bulls Alike\nBy: Shaurya Malwa\nHigher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period on Wednesday.\nLiquidation refers to when an exchange forcefully closes a trader\'s leveraged position due to a partial or total loss of the trader\'s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).\nLarge liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly.\nBitcoin and ether briefly inched above $26,000 and $1,770 respectively on Tuesday as investors brushed off the long-term effects of a regulatory clampdown on crypto-friendly banks and U.S. consumer price index (CPI) data pointed to slowing inflation in the coming months.\nBitcoin\'s weekly chart shows the cryptocurrency is again struggling to establish a foothold above $25,000, which capped gains last month and in August 2022. According to chartered market technician Aksel Kibar, a breakout above $25,000 would shift focus to the next hurdle at $28,600. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day."\nBut the euphoria was short-lived as both major tokens dipped as much as 5% from Tuesday\'s highs before gradually stabilizing. In Asian morning hours on Wednesday, bitcoin traded just under $25,000 while ether traded slightly over $1,700.\nThe volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short sellers and long traders were hit almost equally.\nAmong other major tokens, futures on Conflux\'s CFX tokens and Filecoin\'s FIL had $8 million and $5 million in liquidations, respectively, as trading volumes for both surged on fundamental developments.\nMeanwhile, some market observers said the price action came as investors looked for alternative assets following last week\'s collapse of Silicon Valley Bank.\n"Bitcoin\'s rally to a new yearly high as Silicon Valley Bank falls and inflation remains stubborn shows that investors are looking to bitcoin for stability in highly uncertain market conditions," Alex Adelman, co-founder of bitcoin rewards app Lolli, told CoinDesk.\n"While many have looked to bitcoin as a hedge against inflation and tracked its price moves accordingly, bitcoin\'s relationship to traditional finance is more complex," Adelman stated, adding that bitcoin worked as an "alternative to the traditional financial system at large."\n"Weakness across the banking sector has heightened investor awareness of bitcoin\'s unique value proposition. In the coming weeks, we will continue to see increased demand for bitcoin as a superior system for holding and moving money securely," Adelman said.\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Unemployment Rate s.a.(Feb)\n12:30 p.m. H1HKT /SGT(4:30 UTC)Japan Industrial Production (YoY/Jan)\n9:15 p.m. HKT/SGT(13:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Dominance Reaches 9-Month High; Lender Says Silvergate Wasn\'t Cut Off From Loans\nThe bitcoin (BTC) dominance rate has climbed amid increasing turbulence in crypto markets, according to TradingView data. This came as the Federal Home Loan Bank of San Francisco says it didn\'t force Silvergate to repay advances, which was rumored to be the reason why crypto-focused Silvergate decided to shut down. Lyn Alden Investment Strategy founder Lyn Alden and Dunleavy Investment Research crypto strategist Tom Dunleavy joined “First Mover.”\nU.S. Federal Reserve’s Real-Time Payments System Coming in July:The new government-operated payments system – often used as an argument against the need for crypto’s payments innovations – will have its first participants certified within weeks.\nPayments Processor Stripe Secures $6.5B in Funding at $50B Valuation:Stripe\'s valuation has fallen about 47% from its 2021 fund raise of $95 billion.\nStarknet DAO Heads Toward First Governance Vote:The vote, opening on March 21, will let members approve a new upgrade for the scaling system’s mainnet.\nChinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam:Guo Wengui is accused of engaging in multiple schemes that defrauded investors out of $1.4 billion.\nBrian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks:The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin and ether are coming off a multi-day rally, slipping into the red.\nInsights: Bitcoin and ether volatility stunned bears and bulls alike over a 24-hour period earlier this week. Was the price movement the result of the bank crisis?\nBitcoin Dips Below $25K as Market Debates Liquidity\nCoinDesk Market Index (CMI)\n1,089\n−28.3▼2.5%\nBitcoin (BTC)\n$24,330\n−621.2▼2.5%\nEthereum (ETH)\n$1,649\n−63.7▼3.7%\nS&P 500\n3,891.93\n−27.4▼0.7%\nGold\n$1,919\n+12.6▲0.7%\nNikkei 225\n27,229.48\n+7.4▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin and ether began the Asia trading day in the red, with bitcoin declining 2.5% to $24,330 and ether declining 3.7% to $1,649.\nLiquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank.\nMost recently, something appears to have spooked the Federal Deposit Insurance Corp. as itreplaced $40 billionin funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB.\nAsReuters recently reported, over the past week the TGA was down nearly $100 billion before the FDIC returned its $40 billion.\n“The TGA was drawn down all during 2023, and that helped markets in general including bitcoin. But as of late in the last five days, the TGA had nothing to do with bitcoin\'s outperformance,” Mark Connors, head of research at 3iQ, told CoinDesk in a note. “There\'s a little more confidence that the bitcoin thesis is not just intact, but it\'s been validated at a level that we\'ve never seen before.”\nConnors says this is a question of confidence for the Federal Reserve.\n“When you see the Fed creating a bubble, popping the bubble and then not knowing which game to play by inflation, or stabilize financial markets, it does not instill confidence,” he continued.\nA bigger question at hand is rate volatility, according to Connors, and the market hates uncertainty.\n“The reason that\'s important is because rates are used to price every asset on the planet,” he said. “And when you have uncertainty on interest rates, you have uncertainty on what everything is worth.”\nThe
**Last 60 Days of Bitcoin's Closing Prices:**
[20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-16
**Financial & Commodity Data:**
- Gold Closing Price: $1919.00
- Crude Oil Closing Price: $68.35
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $477,707,712,925
- Hash Rate: 290105692.4456867
- Transaction Count: 295049.0
- Unique Addresses: 687640.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Good morning. Here’s what’s happening: Prices: After dipping early Thursday, bitcoin returned to the green; other major cryptos also rose. Insights: Cobo, the asset management platform, is adopting a key tenet of traditional finance – a distinct custodian and settlement network for trading. Prices CoinDesk Market Index (CMI) 1,005.53 +18.1 ▲ 1.8% Bitcoin (BTC) $21,084 +331.1 ▲ 1.6% Ethereum (ETH) $1,553 +29.3 ▲ 1.9% S&P 500 daily close 3,898.85 −30.0 ▼ 0.8% Gold $1,931 +8.4 ▲ 0.4% Treasury Yield 10 Years 3.4% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Returns to Its Winning Ways By James Rubin After dipping early Thursday, bitcoin surged back to its most recent foothold comfortably above $21,000. The largest cryptocurrency by market capitalization was recently trading at about $21,190, up 1.6% over the past 24 hours, as investors shrugged off the latest fallout from disgraced crypto exchange FTX and conflicting economic data. BTC continued on the more upbeat path throughout 2023. "Bitcoin is finding support ahead of the $20,000 level," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "The crypto space is getting cleaned up and as long as we don’t see a major reputable exchange go under, traders may mostly shrug off news of the demise of smaller crypto companies." Ether followed a similar trajectory, falling early before landing in the green. The second-largest crypto in market value was recently changing hands above $1,550, a 1.9% gain from Wednesday, same time. Other major cryptos also pointed largely upward, with CRO, the token of exchange Crypto.com , jumping more than 4%, and ATOM, the native crypto of decentralized network Cosmos rising over 3%. The CoinDesk Market Index (CDI), an index measuring cryptos' performance, recently increased by 2%. Cryptos veered from equity markets, which continued their losing streak this week, with the tech-heavy Nasdaq dropping 1% and the S&P 500 and Dow Jones Industrial Average (DJIA) each falling the better part of a percentage point. Investors tried to reconcile the release of jobs data indicating that the hot job market had not cooled – a 15,000 weekly decrease in Americans filing for unemployment – with declines in housing starts and building permits. The former suggested the economy is not cooling enough to satisfy central bankers and bodes poorly for crypto, while the latter indicated the reverse. Story continues "Crypto markets still appear to be operating within a “good economic news equals bad news for asset prices” landscape," CoinDesk analyst Glenn Williams wrote . Meanwhile, the new head of FTX raised the previously unlikely prospect of FTX exchange reviving, according to an interview he gave to The Wall Street Journal , his first since taking over at FTX in November. CEO John J. Ray III said that despite the accusations of criminal misconduct against former CEO Sam Bankman-Fried and other executives, customers have lauded FTX's technology and said it could be worth reviving the exchange. “Everything is on the table,” Ray told the Journal. “If there is a path forward on that, then we will not only explore that, we’ll do it.” Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +3.6% Currency Terra LUNA +3.6% Smart Contract Platform Cosmos ATOM +3.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −0.9% Entertainment Solana SOL −0.1% Smart Contract Platform Insights Asset Management Firm Cobo Looks to CeFi for Inspiration By Shaurya Malwa Cobo, a Singapore-based crypto asset management and custodian platform, is trying to change a key feature of the crypto industry by adopting core tenets of traditional markets – the use of separate custodian, clearing and settlement services for trading. The separation is a longstanding model in the traditional financial industry. These functions, typically handled by different independent entities, help increase transparency and reduce the risk of fraud and misconduct. This in turn helps to build trust among market participants and contributes to the overall integrity and stability of the financial system. In the crypto world, however, these functions are combined under one roof by centralized exchanges (CEX). Unlike traditional stock exchanges, crypto CEXs do more than just match buyers and sellers. They custody and control client funds, act as a counterparty to trades and also provide lending/borrowing services, all with little regulatory oversight. Instead of being a neutral party to transactions, this multifaceted role of CEXs raises major conflict-of-interest issues. FTX’s dramatic demise offered powerful evidence that CEXs should not dominate all these functions and hold that much power over other market participants. Investors turn to custodians With all the uncertainties in CEXs, investors turn to custodians. In November 2019 , Cobo was the first custodian to introduce the Loop network – an off-chain settlement network that allows all parties in the Loop to transfer and settle instantly, without fees. Cobo has now upgraded the Loop network, and this week, launched Superloop, an off-exchange custodian and settlement network that allows traders to trade directly on supported exchanges, with credit secured by collateral held under Cobo’s custody, locked only before the trade. “In this time of uncertainty, it is extremely important for custodians and exchanges to provide a sense of security and trust towards traders,” Jiang Changhao, chief technology officer and co-founder of Cobo, told CoinDesk. “SuperLoop provides this trust by ensuring that traders have full control over their assets while trading among exchanges,” he added. Investors and organizations can make use of Multi-Party Computation (MPC) custody systems to co-manage their funds with an independent custody platform, and at the same time, trade these funds on crypto exchanges that are integrated with clearing and settlement networks hosted by that custody platform. Cobo’s SuperLoop minimizes counterparty risk by removing the need to pre-fund on exchanges before trading and maximizes capital efficiency by enabling funds to be deployed without the delays and risks of on-chain transfers, providing users with full control over their assets. Important events World Economic Forum 12:30 p.m. HKT/SGT(4:30 UTC) Canada Retail Sales (MoM/Nov) 5:00 p.m. HKT/SGT(9:00 UTC) Fed's Waller speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Binance Named as Counterparty in FinCEN Order Against Bitzlato; Circle CEO on the Future of Money "First Mover" was live in Davos, Switzerland, at the World Economic Forum with the latest news moving crypto markets, including Binance being named as a counterparty in an order against the little-known cryptocurrency exchange, Bitzlato, accused of laundering $700 million by U.S. authorities on Wednesday. Plus, Ukraine Ministry of Digital Transformation's Yulia Parkhomenko and KUNA exchange founder Michael Chobanian discussed the state of crypto donations to Ukraine to aid its defense in the war against Russia. And, Circle CEO Jeremy Allaire shared his thoughts on the future of stablecoin regulation. Headlines Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows: The data suggests traders may be finding Gemini to be less desirable than other exchanges. New FTX Head Says Crypto Exchange Could Be Revived, Wall Street Journal: John J. Ray III made the comment in his first interview since taking over FTX in November. China Launches Smart Contract Functionality on Digital Yuan Through E-Commerce App Meituan: Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan. Alameda Research-Connected Bank Exits Crypto Business: Farmington State Bank, a small community bank in the state of Washington, is also changing its name. Circle CEO: US Stablecoin Legislation Is ‘Lowest-Hanging Fruit’: Jeremy Allaire believes Congress will concentrate on stablecoin regulation because of its straightforward nature and significant growth potential....
- 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.
|
27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33
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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:**
['(Bloomberg) -- Cryptocurrency market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city’s push to establish a global hub for the digital-asset industry.\nMost Read from Bloomberg\n• Finally, a Serious Offer to Take Putin Off Russia’s Hands\n• Ackman Warns of Accelerated Deposit Outflows After Fed Decision\n• Bomb Threat Called In to New York Court Where Trump Hearing Held\n• A New Chapter of Capitalism Emerges From the Banking Crisis\n• Stocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets Wrap\nHong Kong’s pro-crypto policy pivot and emergence from Covid-related curbs contributed to the Paris-based company’s decision, Chief Executive Officer Ambre Soubiran said in an interview on Thursday. Kaiko feeds data to the likes of Deutsche Boerse and ICE Global Network.\n“With all of the recent changes and initiatives from the Hong Kong regulatory bodies, we realized that this is clearly where we have to be, where the capital is going to flow in, and where we are seeing a lot of attractiveness when it comes to hedge funds, investors and asset managers,” Soubiran said.\nHong Kong is trying to develop crypto rules that will encourage growth and protect investors, seeking to learn lessons from bankruptcies like the FTX exchange while positioning for a rebound from a $2 trillion market rout.\nThe city plans to let retail investors trade larger tokens like Bitcoin and Ether later this year. A mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024.\nThe developments in Hong Kong contrast with a swingeing crackdown on crypto in the US, where digital-asset firms are also increasingly cut off from the traditional banking sector after a trio of lenders collapsed. Singapore, meanwhile, has proposed tighter rules in the wake of the FTX wipeout.\nHong Kong’s “regulatory landscape is changing positively,” said Soubiran. She added that she wants to “make sure we can support that institutionalization and that kind of growth and establishment of the asset class in Hong Kong.”\nChallenges\nA major challenge for Hong Kong is that the virtual-asset industry remains in a deep downturn after a bubble in token prices deflated last year and investors fled. Exchanges Coinbase Global Inc., Crypto.com and Huobi are among a slew of firms that have slashed thousands of jobs in the past few months.\nOther companies are in a holding pattern as they await a crypto recovery and the final version of Hong Kong’s revamped digital-asset rules before deciding whether to commit scarce investment funds.\nKaiko said Head of Asia-Pacific Sean Lawrence will relocate from Singapore by the end of March. Figuratively “something like nine out of 10 people” in crypto are discussing about returning to Hong Kong in some way, Lawrence said in an interview.\nA new Hong Kong licensing regime for crypto exchanges is due on June 1. The pivot toward fostering the digital-asset sector is part of a wider effort to restore Hong Kong’s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain.\nFor crypto market prices: CRYP; for top crypto news: TOP CRYPTO.\nMost Read from Bloomberg Businessweek\n• What Happens When Sexting Chatbots Dump Their Human Lovers\n• Iranian Activists Want Tech Companies to Ban the Ayatollah\n• ChatGPT Advances Are Moving So Fast Regulators Can’t Keep Up\n• A Visual Guide to How America Uses Freight Trains\n• Trump’s Tariffs Couldn’t Save the California Olive Industry\n©2023 Bloomberg L.P.', '(Bloomberg) -- Cryptocurrency market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city\x92s push to establish a global hub for the digital-asset industry. Most Read from Bloomberg Finally, a Serious Offer to Take Putin Off Russia\x92s Hands Ackman Warns of Accelerated Deposit Outflows After Fed Decision Bomb Threat Called In to New York Court Where Trump Hearing Held A New Chapter of Capitalism Emerges From the Banking Crisis Stocks Roiled by Fed Day\x92s Nerve-Wracking Rhetoric: Markets Wrap Hong Kong\x92s pro-crypto policy pivot and emergence from Covid-related curbs contributed to the Paris-based company\x92s decision, Chief Executive Officer Ambre Soubiran said in an interview on Thursday. Kaiko feeds data to the likes of Deutsche Boerse and ICE Global Network. \x93With all of the recent changes and initiatives from the Hong Kong regulatory bodies, we realized that this is clearly where we have to be, where the capital is going to flow in, and where we are seeing a lot of attractiveness when it comes to hedge funds, investors and asset managers,\x94 Soubiran said. Hong Kong is trying to develop crypto rules that will encourage growth and protect investors, seeking to learn lessons from bankruptcies like the FTX exchange while positioning for a rebound from a $2 trillion market rout. The city plans to let retail investors trade larger tokens like Bitcoin and Ether later this year. A mandatory licensing regime for stablecoins \x97 a type of crypto token that\x92s meant to hold a constant value \x97 is due by 2023-2024. The developments in Hong Kong contrast with a swingeing crackdown on crypto in the US, where digital-asset firms are also increasingly cut off from the traditional banking sector after a trio of lenders collapsed. Singapore, meanwhile, has proposed tighter rules in the wake of the FTX wipeout. Hong Kong\x92s \x93regulatory landscape is changing positively,\x94 said Soubiran. She added that she wants to \x93make sure we can support that institutionalization and that kind of growth and establishment of the asset class in Hong Kong.\x94 Story continues Challenges A major challenge for Hong Kong is that the virtual-asset industry remains in a deep downturn after a bubble in token prices deflated last year and investors fled. Exchanges Coinbase Global Inc., Crypto.com and Huobi are among a slew of firms that have slashed thousands of jobs in the past few months. Other companies are in a holding pattern as they await a crypto recovery and the final version of Hong Kong\x92s revamped digital-asset rules before deciding whether to commit scarce investment funds. Kaiko said Head of Asia-Pacific Sean Lawrence will relocate from Singapore by the end of March. Figuratively \x93something like nine out of 10 people\x94 in crypto are discussing about returning to Hong Kong in some way, Lawrence said in an interview. A new Hong Kong licensing regime for crypto exchanges is due on June 1. The pivot toward fostering the digital-asset sector is part of a wider effort to restore Hong Kong\x92s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain. For crypto market prices: CRYP; for top crypto news: TOP CRYPTO. Most Read from Bloomberg Businessweek What Happens When Sexting Chatbots Dump Their Human Lovers Iranian Activists Want Tech Companies to Ban the Ayatollah ChatGPT Advances Are Moving So Fast Regulators Can\x92t Keep Up A Visual Guide to How America Uses Freight Trains Trump\x92s Tariffs Couldn\x92t Save the California Olive Industry ©2023 Bloomberg L.P.', 'By Chris Prentice and Elizabeth Howcroft\nNEW YORK/LONDON (Reuters) - Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure while gold prices were poised for their largest one-week rally since March 2020.\nU.S. Treasury yields extended their slide, and oil prices dove to 15-month lows.\nData showed March U.S. consumer sentiment fell for the first time in four months.\nIn a crisis that began with the collapse of U.S.-based Silicon Valley Bank last Friday, investors lost confidence in U.S. regional banks and Credit Suisse in Europe.\nRisk appetite waned on Friday after showing signs of recovery on Thursday. Credit Suisse\'s chief executive said on Friday the bank was working hard to stem customer outflows, although this could take time. Credit Suisse shares resumed their decline.\nAnalysts say the worry about a possible banking crisis is far from over despite a group of major banks injecting $30 billion in deposits into First Republic Bank, a mid-sized U.S. lender, on Thursday.\nThe MSCI world equity index, which tracks shares in 49 nations, fell 0.55%.\nEuropean shares erased early gains and had their steepest weekly drop in five months, with the pan-European STOXX 600 finishing down 1.3% lower. It was under pressure from bank, insurance and financial services stocks.\nEuropean Central Bank (ECB) supervisors do not expect contagion for euro zone banks from the market turmoil, a source familiar with the content of an ad hoc supervisory board meeting this week told Reuters.\nThe Dow Jones Industrial Average .DJI fell 384.57 points, or 1.19%, to 31,861.98, the S&P 500 .SPX lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite .IXIC dropped 86.76 points, or 0.74%, to 11,630.51.\nOver the last two weeks, the S&P Banking index and the KBW Regional Banking index plunged by 4.6% and 5.4%, respectively, their largest two-week drops since March 2020.\nThe yield on benchmark 10-year Treasury notes fell to 3.423% versus 3.583% previously. The two-year yield, which rises with traders\' expectations of higher Fed fund rates, fell to 3.8354% from a previous close of 4.13%.\nGermany\'s 10-year government bond yield dropped to 2.069%, its lowest since the start of February, late in the session.\nThe ECB raised rates 50 basis points on Thursday, sticking to its pledge to fight inflation even as some investors called for a pause in the rate-hiking cycle until the banking turmoil eases.\nMarkets are pricing in a 25 bps increase by the U.S. Federal Reserve when it meets next week, down from previous expectations for a 50 bps increase.\nFed data on Thursday showed banks sought record amounts of emergency liquidity in recent days
**Last 60 Days of Bitcoin's Closing Prices:**
[21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-17
**Financial & Commodity Data:**
- Gold Closing Price: $1969.80
- Crude Oil Closing Price: $66.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $513,797,077,275
- Hash Rate: 318250274.5486265
- Transaction Count: 338823.0
- Unique Addresses: 768841.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cathie Wood’s Ark Invest has raised $16 million for a new fund, according to a Securities and Exchange Commission filing on Wednesday. The ARK Crypto Revolutions Fund, registered inthe U.S.andthe Cayman Islands, is a private placement, meaning that it won’t be available to the public.
Private placements are usually sold to a small group of friends and family, accredited investors or institutional clients. The firm said in the filing that it started raising money on March 1 and has so far sold $7 million in the U.S. and $9 million in the Cayman Islands as of March 15.
Ark Invest did not immediately respond to a request for comment fromDecrypt.
The new fund is another sign that the Florida-based investment manager still feels bullish about Bitcoin and crypto markets. Her Ark Innovation exchange-traded fund (ETF) drew nearly $400 million on Friday,accordingtoBloomberg, the largest increase since April 2021 and coming as the financial sector was rocked by bank failures.
Cathie Wood’s Ark Invest Has Bought Almost $20M in Coinbase Stock Since January
Crypto-friendlySilvergate Bankannounced it was voluntarily winding down last week andSilicon Valley Bank, which counted hundreds of tech startups as clients, was shuttered by regulators on Friday. On Sunday, Signature Bank—at the time, the only remaining crypto-friendly bank with an instant settlement network for digital payments—wasforced to closeby the New York Department of Financial Services.
Wood has been vocal in calling out what she sees as regulators’ misplaced focus on the risks of blockchain technology and crypto markets as questions loom about the stability of the financial sector.
“While the US banking system was seizing up in response to bank runs threatening regional banks, Bitcoin, Ethereum, and other crypto networks didn’t skip a beat,” Wood wroteon TwitterTuesday. “Instability in the banking system threatened stablecoins, the on-ramps to DeFi, in stark contrast to regulator rhetoric.”
Coinbase Bull Cathie Wood’s Ark Innovation ETF Has Best Month Ever
Wood herself, who’s long been a champion for Bitcoin, said she sees it as an insurance policy during an interview in February.
“There’s hyperinflation all over the world as their currencies have fallen apart,” Wood toldYahoo Financelast month. “Those populations need a fallback—an insurance policy like Bitcoin.”
Since the start of the year, the company has bought almost$20 million worth of Coinbase sharesand now owns 5.14% of the company’s stock, according to SEC filings....
- 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.
|
26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.']...
**Last 60 Days of Bitcoin's Closing Prices:**
[21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-18
**Financial & Commodity Data:**
- Gold Closing Price: $1969.80
- Crude Oil Closing Price: $66.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $528,172,709,600
- Hash Rate: 350724792.3597108
- Transaction Count: 296890.0
- Unique Addresses: 691597.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Marathon Digital Holdings, Inc. Produced a Record 687 BTC in January 2023, 45% Increase from the Prior Month Increased Unrestricted Cash to $133.8 Million and Increased Unrestricted Bitcoin Holdings to 8,090 BTC as of January 31 FORT LAUDERDALE, Fla., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company") , a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for January 2023. Management Commentary “We started the year by producing a record 687 bitcoin in January 2023, which is a 45% increase from the 475 bitcoin we produced in December 2022,” said Fred Thiel, Marathon’s chairman and CEO. “The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022. We believe the improvements in our operational efficiency, along with the proactive measures we have taken to strengthen our balance sheet, have placed Marathon in a strong position to achieve our growth and operational targets in 2023. “With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes. We intend to continue to sell a portion of our bitcoin holdings in 2023 to fund monthly operating costs. Even with these sales, our unrestricted bitcoin holdings increased from 7,815 bitcoin as of December 31, 2022, to 8,090 bitcoin as of January 31, 2023, as our production improved and the appreciation in bitcoin’s price in January reduced the amount of bitcoin we had posted as collateral. Additionally, we ended the month with $133.8 million in unrestricted cash on hand. “As we look ahead, our focus for the year is to energize more miners and to optimize their performance. We remain confident in our ability to scale Marathon into one of the largest and most energy efficient Bitcoin mining operations globally by installing approximately 23 exahashes of computing power near the middle of 2023.” Story continues Operational Highlights and Updates Figure 1: Operational Highlights Operational Highlights Year-Over-Year Comparison Prior Month Comparison Metric 1/31/2023 1/31/2022 % Δ 1/31/2023 12/31/2022 % Δ BTC Produced 687 462 49% 687 475 45% Avg. BTC Produced per Day 22.1 14.9 49% 22.1 15.3 45% Operational/Energized Hash Rate (EH/s) 1 7.3 3.6 103% 7.3 7.0 4% Installed Hash Rate (EH/s) 2 11.0 3.6 206% 11.0 9.1 21% 1. Defined as the amount of hash rate that could theoretically be generated if all mining servers that have been operational/energized are currently in operation (includes mining servers that are temporarily offline for maintenance or similar reasons). Hash rates are estimates based on the manufacturers' specifications. All figures are rounded. 2. Defined as the sum of operational/energized hash rate (see above) and hash rate that has been installed but is not yet energized (e.g., mining servers are in containers but not energized). Hash rates are estimates based on the manufacturers' specifications. All figures are rounded. According to the latest information made publicly available, energization of Applied Digital’s facilities in Garden City, Texas, and Ellendale, North Dakota, are expected to commence during the first quarter of 2023. In Garden City, TX, approximately 26,700 of Marathon’s S19 XPs (c. 3.7 EH/s) have already been installed. In January, 2,100 of Marathon’s S19 XPs (c. 0.3 EH/s) were energized at the Jamestown facility. As a result, the Company’s operating fleet increased to approximately 71,000 Bitcoin servers, theoretically capable of producing approximately 7.3 EH/s as of February 1, 2023, according to the manufacturer’s specifications. The Company expects the full energization of the 33 megawatts contracted for at the Jamestown site to occur in the first quarter of 2023, bringing an additional 8,900 S19 XPs (c. 1.2 EH/s) online. Once all of Marathon’s previously purchased miners are installed, approximately 66% of the Company’s hash rate is expected to be generated by S19 XPs, which are approximately 30% more energy efficient than the prior generation of mining servers. The Company still expects to have approximately 23 EH/s of capacity installed near the middle of 2023. Financial Highlights and Updates Figure 3: Financial Highlights Financial Highlights Year-Over-Year Comparison Prior Month Comparison Metric 1/31/2023 1/31/2022 % Δ 1/31/2023 12/31/2022 % Δ Total Cash, Cash Equivalents, & Restricted Cash ($, in millions) 142.6 189.1 -25% 142.6 112.5 27% Unrestricted Cash 133.8 189.1 -29% 133.8 103.7 29% Restricted Cash 8.8 0.0 NA 8.8 8.8 0% Total BTC Holdings (in whole numbers) 11,418 8,595 33% 11,418 12,232 -7% Unrestricted BTC Holdings 8,090 8,595 -6% 8,090 7,815 4% Restricted BTC Holdings 3,328 0 NA 3,328 4,417 -25% Note: All cash figures are presented in millions; all bitcoin ("BTC") figures are presented as whole numbers. In prior press releases and earnings calls, Marathon has indicated that the Company intends to sell a portion of its bitcoin holdings to cover operational expenses as production begins to ramp. With production improving, Marathon opted to sell 1,500 BTC during January 2023. As a result, Marathon holds a total of 11,418 BTC, of which approximately 8,090 BTC (c. $187.2 million) are unrestricted, as of January 31, 2023. Marathon may continue to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, or for general corporate purposes. The Company ended the month with $133.8 million in unrestricted cash on hand. Additional Operational Updates On January 27, 2023, Marathon Digital Holdings, Inc. (the “Company”) and FS Innovation, LLC (“FSI”) entered into a Shareholders’ Agreement (the “Agreement”) regarding the formation of an Abu Dhabi Global Markets company (the “ADGM Entity”), whose purpose shall be to jointly (a) establish and operate one or more mining facilities for digital assets; and (b) mine digital assets (collectively, the “Business”). The initial project by the ADGM Entity shall consist of two digital asset mining sites comprising 250 MW in Abu Dhabi, and the initial equity ownership in the ADGM Entity shall be 80% FSI and 20% the Company. For more information, see the 8-K filed on January 27, 2023, which can be accessed at Marathon’s investor relations website . Investor Notice Investing 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, 2021, filed with the SEC on March 10, 2022. 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 February 2023. See "Forward-Looking Statements" below. Forward-Looking Statements Statements 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 with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Digital Holdings Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The Company is currently in the process of becoming one of the largest and most sustainably powered Bitcoin mining operations in North America, while remaining asset light. Marathon Digital Holdings Company Contact: Telephone: 800-804-1690 Email: [email protected]...
- Reddit Posts (Sample): [['u/eagle_eye_johnson', 'BCH/BTC ratio falls below .005 for the first time', 13, '2023-03-18 00:16', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/', 'As the crypto market is starting to take off as a result of banking uncertainty it’s hard to ignore that BTC is increasing in price at a faster rate than bitcoin cash. \n\nhttps://www.tradingview.com/symbols/BCHBTC/\n\nIt’s kind of annoying but it allows BCH users to continue accumulating at cheaper prices.', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/', '11u7cnd', [['u/Pablo_Picasho', 16, '2023-03-18 00:29', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcmrud3/', '> it’s hard to ignore that BTC is increasing in price at a faster rate than bitcoin cash. \n\nOver last 7d, BTC rose faster than all coins, incl. BCH and those above, in the marketcap ranking .\n\nSo, this isn\'t something particular to BCH, it affects all coins below it. Setting aside that it is also a comparison of a ratio to a coin which can no longer perform the same function as BCH can, it is likely that those who move into Bitcoin only now, due to recent "banking uncertainty" are more likely to go for the name, instead of making a deeply considered choice.\n\nWhen it comes to accumulating more BCH, this is good for BTC users who can get a better ratio these days.\n\nIndeed, it will be the "smart BTC money" that will be investing in BCH at this point because they do understand the potential and exceptionally great ratio of exchange that they can obtain at this point.\n\nIn terms of dollars, BCH has been rising 23% over last 7d, so it\'s not "cheaper prices" for those who buy with fiat, compared to recent times. BCH price is on the rise.', '11u7cnd'], ['u/Shibinator', 20, '2023-03-18 01:09', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcmx9xn/', 'No this is the second time, it has happened before.', '11u7cnd'], ['u/saylor_moon', 10, '2023-03-18 01:58', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcn3s39/', "The coinflex bch sold out in about two days. If you look at the balance at Binance, you can see the large deposit on March 15.\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/19dQkvaH2NGgkGomzZu3qrnqRGCicXwedM\n\nTwo days later, it's all been sold and withdrawn, and the price starts rising again.", '11u7cnd'], ['u/ShadowOfHarbringer', 15, '2023-03-18 02:23', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcn75xt/', '> Yes, this tired old trope about \'buying discounted BCH\'. It\'s been on the discount for years now.\n\nThen we will keep buying it at discount. You know why? \n\n**Because it is the only think that makes sense.**\n\nBTC, LTC, DOGE, SHIB, USDT, even ETH, pick almost any other coin in TOP30 - none of them make any sense.\n\nThe whole crypto except maybe 3-4 coins make no sense. It\'s unrealistic. Ephemeral. As in, **Not real**.\n\n--------\n\nBCH, XMR, maybe 2 more coins are the only real and serious coins that actually do anything for the people.\n\n"Crypto" is currently a joke. If it won\'t stop being a joke and start becoming a hope for a honest currency for the people, we\'re fucked as humans.\n\nGovernments will just keep destroying money, they then will introduce CBDCs and we will all become fucking slaves with no alternative. By then **you will wish you were living in communism**. Because what they are building will be **5x worse** than communism.\n\nWould you like that?', '11u7cnd'], ['u/jessquit', 11, '2023-03-18 07:13', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jco1eib/', "Majority of what though? There's a correct answer, just wondering if you know it.", '11u7cnd']]], ['u/RobertsonvsPhillips', 'Incoming SATS!', 10, '2023-03-18 00:23', 'https://www.reddit.com/r/shakepay/comments/11u7jfx/incoming_sats/', 'Beer, gas, food, BTC, shake. This is life.', 'https://i.redd.it/dklop67pcfoa1.jpg', '11u7jfx', [['u/Pavehead42oz', 11, '2023-03-18 03:40', 'https://www.reddit.com/r/shakepay/comments/11u7jfx/incoming_sats/jcngit6/', "Subway McDonald's and little Caesars. This is the way.", '11u7jfx']]], ['u/jacobwlyman', 'BTC Adoption - I now include “I accept Bitcoin payments” in the descriptions on all of my FB Marketplace listings. You can too!', 80, '2023-03-18 01:22', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/', 'I sell things online through Facebook Marketplace in my spare time. In all of my listing descriptions, I inform buyers that “I accept Bitcoin payments” for any of my items, along with Venmo or Cash payments. I think that this is a great way to show people that Bitcoin is being used as a real alternative for everyday transactions! \n\nI haven’t had anyone (yet) take me up on this option since I started doing this a few months ago, but I’ll post an update here when that finally happens.', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/', '11u92b8', [['u/BTCPriest', 11, '2023-03-18 02:18', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/jcn6j8r/', "That's what I do on Ebay. You can too!", '11u92b8'], ['u/Charker21', 10, '2023-03-18 05:48', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/jcnu1vv/', 'I made a sign to accept Bitcoin for the woodworking craft shows I do every once in a while. Still waiting for someone to do it, but just having it there as an option has started a few conversations.', '11u92b8']]], ['u/Ill_Presentation_997', 'What do you think about bitcoin right now??', 10, '2023-03-18 02:03', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/', 'Explain your reason why???\n\n[View Poll](https://www.reddit.com/poll/11ua2f5)', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/', '11ua2f5', [['u/coelectric', 18, '2023-03-18 03:01', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnbugb/', 'Bull trap. This is a standard winter with pumps dumps and sideways action.', '11ua2f5'], ['u/GlitteringGiraffe604', 10, '2023-03-18 05:25', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnru9c/', "If BTC can't go up while banks are failing and money is being printed for another round of bailouts then what is it even good for?", '11ua2f5'], ['u/aliffattah', 10, '2023-03-18 06:05', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnvofz/', 'If retail think it is bull trap, then yeah it is definitely not. If retail think bull run has started, then yeah we still have room for doom.', '11ua2f5']]], ['u/No_Concentrate2892', 'Never Trade on Emotions', 30, '2023-03-18 02:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/', 'I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"\n- panic\n- Doubt\n- Hurry\n- Fomo\n- Angry\n- worried\nA major key for a trader is your enemy is always his emotions', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/', '11ub8yo', [['u/Maxx3141', 19, '2023-03-18 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/jcnbj0c/', 'The last years in crypto left me emotionally dead anyway.', '11ub8yo']]], ['u/reggie_crypto', 'Argument that Bitcoin is code and will be obsolete', 21, '2023-03-18 03:31', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/', 'Had a debate with a friend who has the conviction that Bitcoin will just become obsolete or cease to function after some software update or innovation. Compared it to extinct programming languages. I explained the network effect, that anybody could write a node client in any language and it would be compatible if it follows the protocol, and the protocol depends on consensus of the decentralized network. Also how the internet continues to exist and function through innovations and deprecated hardware/software. Not sure how else to get this point across.', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/', '11uc0dr', [['u/igadjeed', 10, '2023-03-18 03:47', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/jcnhc69/', "> how else to get this point across\n\nThe decentralized node network is everything. The other things are transient. It's impossible to explain to most people, even here, that there's no boss node controlling Bitcoin, that thousands of Bitcoin nodes converge to the same transaction history apparently by accident, but actually by design. Most people have closed minds, unable to comprehend this innovation \n\nIn a sense, your friend is thinking in the right direction. Nothing guarantees that there will always be enough nodes for Bitcoin to be secure in the future, especially if a different design addresses Bitcoin's main flaw", '11uc0dr'], ['u/uncontrollableop', 44, '2023-03-18 04:21', 'https://ww...
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.
|
28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The Simpsons is set to bring back a notorious early character \x96 33 years after his last appearance. Season one of the long-running cartoon introduced a character called Jacques, in the 1990 episode \x93Life On the Fast Lane\x94. Voiced by the comedian and filmmaker Albert Brooks , Jacques was a French bowling instructor who captures the attention of Marge Simpson . Ultimately, however, Marge decides against accepting Jacques\x92 romantic advances, and remains with Homer. On Sunday (19 March), the character is set to return in a season 34 episode titled \x93Pin Girl\x94. The official synopsis for the episode reads: \x93A mysterious figure from Marge\x92s past returns to coach her for a bowling tournament.\x94 Showrunner Al Jean confirmed on social media that the \x93mysterious figure\x94 will, in fact, be Jacques, voiced again by Brooks. While this will represent the first time Brooks has returned to the role, the Modern Romance filmmaker has voiced a number of other characters on The Simpsons over the course of its run. . @TheSimpsons Don\x92t nap on new episode Sunday. Pin Gal with the return of Jacques! pic.twitter.com/XpoxICBDyA \x97 Al Jean (@AlJean) March 13, 2023 His other one-off roles include the supervillainous Hank Scorpio in the classic season eight episode \x93You Only Move Twice\x94, motivational speaker Brad Goodman in \x93Bart\x92s Inner Child\x94, and Russ Cargill in The Simpsons Movie . Jacques has appeared in a non-speaking cameo a couple of times since his original appearance, but \x93Pin Girl\x94 represents the first time the character has been brought back in a proper capacity. Earlier this year, one of the writers and former showrunners of The Simpsons explained a bizarre mistake in one of its early episodes . Last month, it was reported that an episode of the series had been removed from Disney Plus in Hong Kong due to a joke about \x93forced labour camps\x94 in China. In the episode, Marge is shown images of China\x92s Great Wall during an exercise class, when her instructor says: \x93Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones.\x94', 'The Simpsons is set to bring back a notorious early character \x96 33 years after his last appearance. Season one of the long-running cartoon introduced a character called Jacques, in the 1990 episode \x93Life On the Fast Lane\x94. Voiced by the comedian and filmmaker Albert Brooks , Jacques was a French bowling instructor who captures the attention of Marge Simpson . Ultimately, however, Marge decides against accepting Jacques\x92 romantic advances, and remains with Homer. On Sunday (19 March), the character is set to return in a season 34 episode titled \x93Pin Girl\x94. The official synopsis for the episode reads: \x93A mysterious figure from Marge\x92s past returns to coach her for a bowling tournament.\x94 Showrunner Al Jean confirmed on social media that the \x93mysterious figure\x94 will, in fact, be Jacques, voiced again by Brooks. While this will represent the first time Brooks has returned to the role, the Modern Romance filmmaker has voiced a number of other characters on The Simpsons over the course of its run. . @TheSimpsons Don\x92t nap on new episode Sunday. Pin Gal with the return of Jacques! pic.twitter.com/XpoxICBDyA \x97 Al Jean (@AlJean) March 13, 2023 His other one-off roles include the supervillainous Hank Scorpio in the classic season eight episode \x93You Only Move Twice\x94, motivational speaker Brad Goodman in \x93Bart\x92s Inner Child\x94, and Russ Cargill in The Simpsons Movie . Jacques has appeared in a non-speaking cameo a couple of times since his original appearance, but \x93Pin Girl\x94 represents the first time the character has been brought back in a proper capacity. Earlier this year, one of the writers and former showrunners of The Simpsons explained a bizarre mistake in one of its early episodes . Last month, it was reported that an episode of the series had been removed from Disney Plus in Hong Kong due to a joke about \x93forced labour camps\x94 in China. In the episode, Marge is shown images of China\x92s Great Wall during an exercise class, when her instructor says: \x93Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones.\x94', 'Join the most important conversation in crypto and web3! Secure your seat today\nAs crypto firms in the U.S scramble for alternatives to Silvergate and Signature Bank, an opportunity to capitalize on the calamity presents itself for Europe.\nEurope has struggled at times to keep up with the U.S in terms of crypto innovation. Whether that be via stablecoins, trading volumes or adoption, it has felt like the U.S has been the center of crypto since its inception.\nConor Ryder is a research analyst at leading crypto data firmKaiko.\nHowever, the longer it takes U.S banks to declare they’re open for crypto business – i.e., receptive to taking in some of the millions of dollars once parked at Silvergate – the more likely it is that crypto firms could choose somewhere like Europe with more regulatory clarity and easier fiat payment rails.\nRegulatory clarity in Europe in the form of MiCA, the Markets in Crypto-Assets Act, paints a stark contrast to the ambiguity in the U.S., where firms face new regulatory headwinds seemingly every day. This creates an increasingly challenging environment for the operations of any crypto organization. For new and existing market entrants this is going to be a significant consideration.\nIn addition, it seems that U.S. policymakers are doing their best to suffocate dollar on-ramps into crypto, leaving the door wide open for the rest of the world to gain a competitive edge over the U.S.\nSee also:The Future of Crypto Markets Will Be Driven by Developments in the East/ Opinion\nWhen it comes to trading, the good news for investors is the crypto industry has become increasingly less reliant on fiat currencies over the past few years. In fact, the percentage of market share of all volume on centralized exchanges for stablecoins just hit an all-time high following the Silvergate troubles last week as investors continue to prefer stablecoins to traditional fiat. In the last year alone, stablecoins have risen from 79% of volumes to over 90%, commanding the vast majority of volumes on exchanges.\nLess of a reliance on fiat means the banking cutoff in the U.S actually directly hurts crypto investors less. Crypto investors are increasingly using stablecoins as a means of transacting, but the businesses behind the platforms traders use are not. It is these institutions themselves that will feel the brunt of a dollar (USD) cutoff first.\nHaving no access to a U.S bank means businesses such as exchanges will have to change their approach to the services they can offer. Take trading hours: If an exchange has no access to 24/7 USD payment networks, it is well within the realm of possibilities that U.S exchanges could only serve customers during U.S trading hours. In this scenario, U.S.-based investment funds could also suffer via the opportunity cost of missed trading strategies outside of trading hours.\nEuro volumes, however, are showing that one region’s pain is another’s gain. Early indicators are that the euro may be a big winner of a U.S. crypto banking cutoff, with volumes spiking for the BTC-EUR pair as the Silvergate troubles ensued. The bitcoin-euro pair hit its highest level of market share against the U.S. dollar ever, rising to 21% of BTC volumes last week from 7% in November.\nThe question now is will a U.S bank come forward and raise its hand, welcoming crypto deposits? If the answer is no, not for a while, we could see the trend of rising euro volumes continue.\nWhether a bank will raise its hand in the U.S is the million-dollar question. The bigger banks have no incentive to take on crypto deposits right now, especially with the consolidation of bigger banks we’re seeing in the banking sector.\nIt’s the smaller banks that need to attract a fresh wave of deposits as they struggle to compete with the likes of JPMorgan Chase in an ever-more oligopolistic market. In an ideal world, several smaller banks would open their doors to crypto, spreading the risk more evenly across a few different banks as opposed to all crypto deposits being concentrated in a couple of banks, as was the case before.\nHowever, the smaller banks will see Silvergate and Signature as a stark example of banks that could not diversify their deposits to a level that ensured some protection from a bank run, and it could be a while yet before we see the next batch of banks open their doors to crypto.\nThat leaves a window of opportunity for Europe, and the euro, to gain relevance in an industry they have been lacking of late.\nSee also:Banking Crisis in U.S. Likely to Push Crypto Firms Offshore/ Finance', 'Join the most important conversation in crypto and web3! Secure your seat today As crypto firms in the U.S scramble for alternatives to Silvergate and Signature Bank, an opportunity to capitalize on the calamity presents itself for Europe. Europe has struggled at times to keep up with the U.S in terms of crypto innovation. Whether that be via stablecoins, trading volumes or adoption, it has felt like the U.S has been the center of crypto since its inception. Conor Ryder is a research analyst at leading crypto data firm Kaiko. However, the longer it takes U.S banks to declare they\x92re open for crypto business \x96 i.e., receptive to taking in some of the millions of dollars once parked at Silvergate \x96 the more likely it is that crypto firms could choose somewhere like Europe with more regulatory clarity and easier fiat payment rails. Regulatory clarity in Europe in the form of MiCA, the Markets in Crypto-Assets Act, paints a stark contrast to the ambiguity in the U.S., where firms face new regulatory headwinds seemingly every day. This creates an increasingly challenging environment for the o
**Last 60 Days of Bitcoin's Closing Prices:**
[20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-19
**Financial & Commodity Data:**
- Gold Closing Price: $1969.80
- Crude Oil Closing Price: $66.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $524,445,170,938
- Hash Rate: 320415242.4026988
- Transaction Count: 269131.0
- Unique Addresses: 619482.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Despite the ongoingCrypto Winter, Bitcoin supporters are certain that the future for the fledgling industry isbright. And so far this year, they’ve had reason to celebrate. Bitcoin’s price has jumped more than 25% in the past few weeks alone after a dismal 2022. ButJPMorgan ChaseCEO Jamie Dimon still isn’t a believer. At the World Economic Forum in Davos, Switzerland, on Thursday, Dimon bashed cryptocurrencies as a distraction.
“I think all that's been a waste of time and why you guys waste any breath on it is totally beyond me,” hetoldCNBC. “Bitcoin itself is a hyped up fraud. It’s a pet rock.”
This isn’t the first time Dimon has expressed his doubts about cryptocurrencies—or used a“pet rock” analogyto describe digital assets. The CEO has described Bitcoin a “fraud” since 2017; and after theblow-upof what was once the world’s second largest crypto exchange FTX late last year, he argued the entire industry was a "complete sideshow."
CNBC anchor Joe Kernen pushed back on Dimon’s claims that Bitcoin is a fraud on Thursday, arguing the cryptocurrency is a “store of value” that is “immutable” and “scarce,” noting its protocol indicates that there will only ever be 21 million coins.
“Totally untrue. How do you know it's gonna stop at 21 million? Maybe it's going to get to 21 million and Satoshi’s picture is going to come up and laugh at you all,” Dimon quipped, referencing the pseudonymSatoshi Nakamotothat was used by Bitcoin’s anonymous creator, or creators.
But while Dimon doesn’t believe in cryptocurrencies, when it comes to the blockchain technology that they're built on, he has a much more positive outlook.
“That's different,” he said on Thursday. “Blockchain is a technology ledger system that we use to move information. We've used it to do overnight repo, intraday repo, we've used it to move money, right? So that's a technology ledger that we think will be deployable.”
Dimon and JPMorgan have leaned into blockchain technology since 2017, when the bank was one of 86 firms that helped create an open-source blockchain initiative calledThe Enterprise Ethereum Alliance. And as Dimon mentioned above, the company uses its own cryptocurrency, the JPM Coin,to carry out intraday repurchase agreements. But on Thursday, Dimon noted that the financial industry has been talking about using blockchain technology for 12 years and, to this point, he said “very little has been done.”
This story was originally featured onFortune.com
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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.
|
27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44
|
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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is pushing past $28,000 but might face some resistance at $30,000.\nInsights:What\'s driving the recent surge in bitcoin\'s price? Investors are looking for a safer bet in cryptos but liquidity remains an issue.\nCoinDesk Market Index (CMI)\n1,205\n+26.6▲2.3%\nBitcoin (BTC)\n$28,006\n+825.2▲3.0%\nEthereum (ETH)\n$1,780\n−2.8▼0.2%\nS&P 500\n3,916.64\n−43.6▼1.1%\nGold\n$1,980\n+9.9▲0.5%\nNikkei 225\n27,333.79\n+323.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin breaks free of its banking troubles\nGood morning, Asia.\nBitcoin is continuing its tear as Asia begins its business day.\nThe world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours.\nRemember how the decline of crypto-friendly banks was supposed to smother crypto?\nThat narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the global financial system, which has rekindled an appetite for risk assets as traditional finance (TradFi) liquidity dries up – despite shaky fiat pipelines.\nIn Asia, things are slightly different.\nDavid Bachelier, Asia-Pacific CEO of Flowdesk, points out that Singapore and the rest of Asia weren\'t really affected by the collapse of Silicon Valley Bank (SVB) and the rest of the U.S. banking crisis, but it remains uncertain if banks are going to step in and try and fill the gap.\n“SVB was a key player in providing funding and other services to high-growth companies that many Asian banks do not offer,” he told CoinDesk in a note. “This presents a critical moment for the venture industry in Asia, with an opportunity to fill the gap left by the collapse of American players."\nBachelier said that while there might not be an Asian SVB anytime soon, one thing these banks are doing is stepping up and providing fiat pipelines for crypto.\n“The recent announcement from Coinbase highlighting banking partnerships in Singapore is also interesting to note as it highlights an American company expanding further into the Asian region, suggesting the comparatively minimal disruption in response to these banking crises,” he said.\nThe question is, though, how long will this rally last?\nJoe DiPasquale, CEO of digital asset manager BitBull Capital, said bitcoin is preparing to test $30,000, but, fundamentally, support might not be there.\n“From a technical aspect, the current price action is overheated and we could see a correction toward $25K in the near term. The major market mover will most likely be [the Federal Reserve\'s Federal Open Market Committee meeting], in about [three] days, where the majority of the analysts believe we will see a 25 [basis point interest rate] hike at best,” DiPasquale told CoinDesk in via email.\nSo perhapswe won’t be hitting $1 million bitcoinby June.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.0%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.5%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.0%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nCrypto Investors\' \'Flight to Quality\'\nIn the days following the shutdown ofSilvergate bank, the collapse ofSilicon Valley Bankand thenSignature Bank, many concluded the only place crypto prices could go was down. But then the Fed intervened in the sector (just don’t call it a bailout) and bitcoin looks to be heading back toward the moon, starting the week just over $28,000, which puts it up 27% over the last week.\nOne might ask how this is possible when themarket is still predicting interest rates are going to risein March and later in May.\nIt isBank Term Funding Program (BTFP)for the win.\nWhile some, like former BitMEX CEO Arthur Hayes, have called BTFP a larger stimulus measure for bitcoin than COVID-19-induced quantitative easing, reduced liquidity appears to be a knock-on effect.\nData from CryptoQuantwould suggest that the market is as dry as it gets. Transfer volume, active addresses and transactions are all down by double digits.\nCrypto research firm Kaiko has been concerned about the lack of liquidity in order bookssince February.\n“This is a huge amount of buy pressure on the markets,” Kaiko Director of Research Clara Medalie said during a recent appearance on CoinDesk TV. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.”\nThe extent to which liquidity is a problem is up for debate, however.\nBitMEX Acting CEO Stephan Lutz downplayed concerns in a recent interview with CoinDesk. “Bitcoin’s liquidity is still very solid and sound,” he said. “We haven\'t seen people reducing their trading volumes, just the other way around, which is probably due to the fact that many of our loyal and big customers are bitcoiners.”\nIn a recent report theexchange released Monday, BitMEX plays out a scenario where risk appetite recovers as the Fed pivots on inflation. But this was written before BTFP came into the picture.\n“Even if you have another hike of interest rates, [BTFP] just floods the market with liquidity again,” he said. “Quantitative easing is back in a different disguise.”\nWhile Lutz points out that it would still be difficult to sell a large quantity of bitcoin without moving the market, sophisticated market players don’t do this and have algorithms to calculate how to split up the order to close the deal without impacting price.\n“If they really want to liquidate … it’s not an issue,” he said.\nLutz argues that bitcoin’s recent surge is a “flight to quality,” almost parallel to what you would see in traditional markets during a time of crisis.\n“You see stablecoin angst. People are going out of stables and back into bitcoin,” Lutz said, highlighting that the most recent patterns of trades he’s seen involve creating synthetic U.S. dollar equivalent positions in derivatives markets via shorts.\nThe BitMex clientele – bitcoiners at heart – would rather go into altcoins instead of U.S. dollar stablecoins.\nLiquidity doesn’t just refer to the ability of the market to absorb moves back and forth into bitcoin. It’s also about fiat-to-crypto pipes.\nLutz said BitMex wasn’t impacted by the recent U.S. tech and crypto banking crisis, largely because BitMex isn’t in the U.S. and it doesn’t offer fiat on-ramps.\nBut this was expected, really, as the exchange has always been disconnected from the fiat system – a strategy that has avoided the panic over liquidity some of its competitors were cursed with.\nParis Blockchain Week 2023\nNFT Los Angeles 2023\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilicon Valley Bank’s Former Parent Company Files for Bankruptcy; Bitcoin Flirts With $27K\nSilicon Valley Bank\'s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection Friday in the U.S. Bankruptcy Court for the Southern District of New York. Former New York State Department of Financial Services Superintendent Maria Vullo shared her reaction. Separately, bitcoin (BTC) is flirting with $27,000. Coinbase Institutional Head of Research David Duong discusses his crypto markets analysis.\nPolygon Partners With Salesforce for NFT-Based Loyalty Program:Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies.\nHow Effective Altruism Power Brokers Helped Make Sam Bankman-Fried:Academic philosophers covered for Sam Bankman-Fried’s moral failings as long ago as 2018 – and reaped the rewards.\nBitcoin Is a Clear Winner of the U.S. Banking Crisis:The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk\'s George Kaloudis.\nSVB Collapse Shows the Rot in U.S. Banking and Dollars:Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.\nThe Truth About Artificial Intelligence and Creativity:Artificial intelligence allows creators to be creative, but even sophisticated AIs are really just an advanced form or copying, says David Z. Morris. This feature is part of CoinDesk\'s Culture Week.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is pushing past $28,000 but might face some resistance at $30,000. Insights: What\'s driving the recent surge in bitcoin\'s price? Investors are looking for a safer bet in cryptos but liquidity remains an issue. Prices CoinDesk Market Index (CMI) 1,205 +26.6 ▲ 2.3% Bitcoin (BTC) $28,006 +825.2 ▲ 3.0% Ethereum (ETH) $1,780 −2.8 ▼ 0.2% S&P 500 3,916.64 −43.6 ▼ 1.1% Gold $1,980 +9.9 ▲ 0.5% Nikkei 225 27,333.79 +323.2 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin breaks free of its banking troubles Good morning, Asia. Bitcoin is continuing its tear as Asia begins its business day. The world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours. Remember how the decline of crypto-friendly banks was supposed to smother crypto? That narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the globa
**Last 60 Days of Bitcoin's Closing Prices:**
[21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-20
**Financial & Commodity Data:**
- Gold Closing Price: $1979.20
- Crude Oil Closing Price: $67.64
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $535,868,035,875
- Hash Rate: 333405049.5271326
- Transaction Count: 341288.0
- Unique Addresses: 725399.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.66
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin surged above $22.5K after Federal regulators said they'd cover failed SIVB's customer deposits; ether and other altcoins also revive Insights: Lurking behind Silicon Valley Bank failure is the real sick man of American finance: small banks Prices CoinDesk Market Index (CMI) 1,052 +82.0 ▲ 8.4% Bitcoin (BTC) $22,482 +1921.8 ▲ 9.3% Ethereum (ETH) $1,614 +140.9 ▲ 9.6% S&P 500 3,861.59 −56.7 ▼ 1.4% Gold $1,880 +18.1 ▲ 1.0% Nikkei 225 28,143.97 −479.2 ▼ 1.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Investors Buoyed by Regulators' Statement Send Cryptos Higher After a nerve-wracking Thursday and Friday, crypto investors took heart over the weekend from a decision by Federal regulators to restore all deposits at failed Silicon Valley Bank (SIVB) in full and an announcement by fintech Circle to cover any of its stablecoin USDC reserves. Bitcoin was recently trading at $22,482, up more than 9.3% over the past 24 hours. The largest cryptocurrency had plunged below $20,000 early Friday (UTC) as SIVB customers withdrew their money en masse, spurring the California Department of Financial Protection and Innovation to shutter the institution, a central player in the world's technology sector. SIVB's failure is the second largest in U.S. history. In a joint statement on Sunday, U.S. Treasury Secretary Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg, said that after weighing FDIC and Federal Reserve recommendations and consulting with U.S. President Joe Biden, Yellen had "approved actions enabling the FDIC to complete actions in a manner that fully protects all depositors" at SIVB. “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the statement read. Mark Connors, head of research at crypto asset manager 3iQ, called the agencies' action "risk asset friendly at first blush" in a weekly report, although he noted warily, "Too many moving parts and M2 [monetary aggregate of currency and coins, savings deposits and shares in mutual money market funds] STILL contracting." Story continues But Connors also added: "The Fed continues to extend their control on markets. What they announced this evening is the equivalent of guaranteeing overnight bank deposits in 2008." Ether also regained ground to change hands at $1,614, up 9.6% from Saturday, same time. Other major cryptocurrencies that were hard-stricken last week as the impact on the crypto industry from SIVB's collapse became apparent also rebounded over the weekend, with their main surge coming on Sunday. APT, the token of layer 1 protocol Aptos, and ADA, the native crypto of Ethereum rival Cardano were up more than 13% and 11%, respectively. The CoinDesk Market Index , a measure of overall market performance, was down almost 10%. On Saturday, payments technology company Circle Internet Financial said it would “cover any shortfall” in the assets backing its stablecoin USDC in the event it does not receive the entirety of a $3.3 billion cash reserve it was holding at Silicon Valley Bank. In a blog post , Circle said it “will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary.” The value of the stablecoin fell as low as $0.88 before the announcement, but was currently trading above $.99 cents. U.S. stocks were swept up in banking sector worries with the tech-heavy Nasdaq and S&P 500 declining 1.8% and 1.4%, respectively. The S&P finished down 5% for the week, its worst weekly performance since September 2022. As trading opened in Asia, the Nikkei 225 and Taiwan TSEC 50 Index were down slightly. 3iQ's Connors wrote that long-term the regulatory action to safeguard customers' assets would continue a "game of regulatory whack-a-mole" leading to, among other affects, a continued consolidation of the banking industry and the acceleration of stablecoin regulation. "Outcome TBD," Connors wrote. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +22.1% Entertainment Loopring LRC +17.5% Smart Contract Platform Avalanche AVAX +13.3% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights SIVB Collapse Shows Why Small Banks Are Vulnerable Silicon Valley Bank (SIVB) has been shuttered by state regulators. The Federal Deposit Insurance Corporation (FDIC) is racing to ensure that as much money as possible is available to SIVB clients when the market opens Monday. Late last week, Silvergate Bank, a major fiat on and off-ramp for the crypto market, announced it was engaging in voluntary liquidation and shutting down, creating market panic. Its chief competitor, Signature, was seized by regulators over the weekend. While SIVB serviced some crypto companies, it didn’t service exchanges like Silvergate or Signature. The Federal Reserve defines SIVB as a large bank (these institutions have over $50 billion in deposits), and Silvergate as a small bank. Some have said should the FDIC not act decisively on Monday contagion will spread throughout the broader banking sector. Already, runs are beginning on First Republic Bank and other regional players. Fundamentally, this crisis isn’t about crypto. The performance of tech companies – considered a risky asset – in a high-interest rate environment played a part, but it wasn’t everything either. It’s about how small banks fared during stimulus-heavy Covid. These small banks aren’t as well known as SIVB, but like Silvergate, specialize in serving an industry or niche. They are also the ones that power fintechs. Cross River Bank (assets $9.9 billion) is the financial plumbing behind Coinbase, Stripe and Affirm. Evolve Bank & Trust (assets $1.3 billion) is the bank behind Wise and Dave. These small banks like the arrangement because it diversifies their client base away from the usual local businesses that bank with small, regional institutions. Tech startups, which move fast and break things, prefer to use small banks rather than traditional big banks . There’s a belief that they understand each other, and would get a more personalized, attentive experience rather than having an account with one of America’s largest banks. But in turn, this means that these small banks – which power fintechs – are overly exposed to the tech sector. Covid, the curve, and small banks In 2020, small banks saw a massive influx of cash assets onto their balance sheets partly because of fiscal stimulus and the Fed’s asset purchases, which usually are geared toward an industry niche. As Covid’s impact on the economy wore off, cash supply turned into loans, and since September 2021, the growth in cash assets on small bank balance sheets has turned negative. Throughout 2022, small bank lending increased while growth in cash assets stayed negative. “Banks are now sitting with reserves pretty much at their lowest comfort level — especially small banks,” TS Lombard economist Steven Blitz wrote in a February note . “[Small banks] are more aggressive in lending and in borrowing short-term liabilities to fund themselves.” Given the size of these institutions, and the lack of cash on hand compared to larger banks, Blitz writes that their borrowing was more aggressive. In addition, their small size meant they didn’t have the same level of regulation as their larger counterparts. Fitz explains that post-Covid borrowings included advances from Federal Home Loan Banks (FHLBs), designed to provide stop-gap liquidity , or from the Fed’s discount window , usually reserved for emergencies. “Small banks, many of which are private and therefore have no shareholder concerns regarding the optics of borrowing from the discount window, have consequently shifted to using the Fed’s discount window facility,” Blitz wrote. Both Silvergate and SIVB had large advances from FHLBs on the balance sheet. In the case of Silvergate, it ended 2022 with $4.3 billion of FHLB money on the balance sheet. This figure increased dramatically from the $700 million it had at the end of September 2022 because it needed to support its cash position in the face of rapid withdrawals post-FTX collapse. Days before its collapse, it said the loans were fully repaid – further depleting its balance sheet. Withstanding spikes in the cost of borrowing Lending long and borrowing short has been the model for banks since the beginning of time, but an inverted yield curve contradicts this. An inverted yield curve occurs when short-term interest rates exceed long-term rates – an anomaly, as lending money for the long-term should fetch a higher interest rate for the lender. At press time, the two-year Treasury note yielded a whole percentage point more than the 10-year note. The two-year yield has increased by 300 basis points to 4.82% in 12 months. The dramatic increase in the cost of borrowing for these banks makes their lives difficult, coupled with a very tech-specific deposit flight as investors prefer high-yield short-term bonds over risky tech and crypto. Startups aren’t raising new money given this environment and burning what they have to stay afloat. (Silicon Valley Bank) Silicon Valley Bank identified this as a problem in its Q1-23 mid-quarter update. FRED data shows the same is happening at these small banks that power startup-friendly fintechs. What’s going to happen if a deal to save SVIB, the mothership of tech startup finance doesn’t come to fruition? Or, if depositors only get 40-50% of their money back? It’s going to be a tech deep-freeze. Beware small banks. “The gov’t has about 48 hours to fix a soon-to-be-irreversible mistake,” Pershing Square CEO Bill Ackman tweeted on the weekend . “These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions.” “Already thousands of...
- 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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28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today Crypto trading and market making firm Auros, a victim of crypto exchange FTX’s bankruptcy , has overcome its liquidity struggles, Chief Investment Officer Benjamin Roth told CoinDesk in an interview. Auros was released from a court-supervised provisional liquidation last week after a major debt restructuring, and secured a $17 million fresh investment led by traditional high-frequency trading company Vivienne Court Trading and public bitcoin mining company Bit Digital (BTBT). The turn of events comes after months of behind-the-scenes maneuvering to keep the firm running following the implosion of crypto exchange FTX , which wiped out multiple crypto firms and caused painful losses at some trading companies . Before the FTX crash, Auros was among the top 10 to 15 digital asset market makers, handling about 1% to 2% of the total crypto trading volume, according to the company. The firm encountered liquidity troubles in November when some $20 million of its digital assets were stuck on now-defunct FTX and Auros missed payments on some $18 million of decentralized finance ( DeFi ) loans. After filing for provisional liquidation on the British Virgin Islands, the firm spent about five months under court supervision negotiating how to repay its outstanding debt and make its creditors whole. Roth said the company is leaving the FTX shock behind. “We\'re the same company that we were pre-FTX,” he said. Read more: These Crypto Market Makers Were Wary of FTX Before Collapse Navigating FTX fallout After FTX imploded, and as fear among market participants mounted about a full-blown insolvency crisis in crypto, lenders raced to recall outstanding loans to mitigate potential losses. With a significant chunk of funds locked up on FTX, Auros faced a sudden liquidity crunch to repay all of its desperate creditors. “We were in a position where we didn\'t have enough liquid funds to meet all of those open term loans,” Roth said. Story continues The Auros management decided not to repay any of the lenders at the time and voluntarily filed for provisional liquidation with the British Virgin Islands (BVI) court as an intermediary between lenders and Auros. “We weren\'t paying immediately because our intention was to pay back everything,” according to Roth. “We\'ve been profitable, so it really was just a matter of buying time to ensure that creditors were all treated fairly and equally.” The BVI assisted in restructuring all outstanding Auros debt, converting outstanding open-term loans – credit lines without a repayment deadline – to termed loans with maturity. As for the some $18 million of DeFi loans, the firm already repaid 55% of its debt on blockchain-based credit platform Maple , and spread the rest to nine-month and three-month loans, CoinDesk reported last month. Roth declined to disclose details about the restructured debt to centralized lenders citing contractual obligations. Auros received the sealed court order from the BVI judge terminating the provisional liquidation process last Wednesday, according to the firm’s spokesperson. Auros ran a lean business, cognizant that crypto markets have been cyclical, but Roth said he was “laser-focused” on finding additional cost savings in recent months. The firm’s main cost-cutting measure was dramatically reducing Amazon Web Service costs and rethinking data center management – trading businesses need extensive cloud computing capacity to run trading algorithms – to rein in operational costs. It also eliminated staff redundancies and laid off some workers. The firm currently employs about 55 people globally. Strategic investment Roth said that before FTX’s fall, Auros was already prepared to raise capital, and that the court supervision complicated the fundraising efforts. “It accelerated the requirement to raise but slowed the process because every decision had to go through the provisional liquidators,” he said. The investment by Vivienne Court means the Australia-based traditional trading firm will have exposure to digital asset trading. “They were not in crypto, and they were thinking of getting into crypto,” Roth said about the investment. Marcel Klooss, co-founder of Vivienne Court, said in a statement that "our two firms have complementary skill sets and unique attributes that will generate sustained synergies." The second-largest investor, the Nasdaq-listed BitDigital, will double as a client and strategic partner for the new derivatives solutions business Auros is expanding to provide yield and protection offerings to clients. For BitDigital and other miners that manage a large treasury of cash and digital assets such as bitcoin ( BTC ) and ether ( ETH ), Auros will help them hedge on forward production and earn high yields on their holdings by creating options structures. "The team’s deep derivatives background and expertise across technology and finance also bring the necessary capabilities to cater to our growing business needs," Samir Tabar, Bit Digital\'s chief strategy officer, said in a statement. Other investors in the round include asset manager and blockchain tech developer Trovio, venture capital investment firm Primal Capital, trading firm Epoch Capital and a group of senior and former traders of proprietary trading and market making firm Optiver. Marcel Klooss and Bit Digital\'s co-founder Hughes Ching will join Auros’ board of directors. Auros’ capital raise comes as investments into crypto businesses have mostly evaporated following a year-long bear market. The investment round was important as Roth expects consolidation in the crypto industry this year. “A lot of small players will just disappear,” Roth said. “It\'s not easy out there to make money at the moment, even if you are big and sophisticated.” UPDATE (March 21, 1:00 UTC): Added details and comments about the investment.', 'Join the most important conversation in crypto and web3! Secure your seat today\nCrypto trading and market making firm Auros, a victim of crypto exchangeFTX’s bankruptcy, has overcome its liquidity struggles, Chief Investment Officer Benjamin Roth told CoinDesk in an interview.\nAuros was released from a court-supervised provisional liquidation last week after a major debt restructuring, and secured a $17 million fresh investment led by traditional high-frequency trading company Vivienne Court Trading and public bitcoin mining companyBit Digital(BTBT).\nThe turn of events comes after months of behind-the-scenes maneuvering to keep the firm running following theimplosion of crypto exchange FTX, which wiped outmultiplecryptofirmsand caused painful losses at sometradingcompanies.\nBefore the FTX crash, Auros was among the top 10 to 15 digital asset market makers, handling about 1% to 2% of the total crypto trading volume, according to the company. The firm encountered liquidity troubles in November when some $20 million of its digital assets were stuck on now-defunct FTX and Aurosmissed paymentson some $18 million of decentralized finance (DeFi) loans.\nAfter filing for provisional liquidation on the British Virgin Islands, the firm spent about five months under court supervision negotiating how to repay its outstanding debt and make its creditors whole. Roth said the company is leaving the FTX shock behind.\n“We\'re the same company that we were pre-FTX,” he said.\nRead more:These Crypto Market Makers Were Wary of FTX Before Collapse\nAfter FTX imploded, and as fear among market participants mounted about a full-blown insolvency crisis in crypto, lenders raced to recall outstanding loans to mitigate potential losses. With a significant chunk of funds locked up on FTX, Auros faced a sudden liquidity crunch to repay all of its desperate creditors.\n“We were in a position where we didn\'t have enough liquid funds to meet all of those open term loans,” Roth said.\nThe Auros management decided not to repay any of the lenders at the time and voluntarily filed for provisional liquidation with the British Virgin Islands (BVI) court as an intermediary between lenders and Auros.\n“We weren\'t paying immediately because our intention was to pay back everything,” according to Roth. “We\'ve been profitable, so it really was just a matter of buying time to ensure that creditors were all treated fairly and equally.”\nThe BVI assisted in restructuring all outstanding Auros debt, converting outstanding open-term loans – credit lines without a repayment deadline – to termed loans with maturity. As for the some $18 million of DeFi loans, thefirm already repaid55% of its debt on blockchain-based credit platformMaple, and spread the rest to nine-month and three-month loans, CoinDesk reported last month. Roth declined to disclose details about the restructured debt to centralized lenders citing contractual obligations.\nAuros received the sealed court order from the BVI judge terminating the provisional liquidation process last Wednesday, according to the firm’s spokesperson.\nAuros ran a lean business, cognizant that crypto markets have been cyclical, but Roth said he was “laser-focused” on finding additional cost savings in recent months.\nThe firm’s main cost-cutting measure was dramatically reducing Amazon Web Service costs and rethinking data center management – trading businesses need extensive cloud computing capacity to run trading algorithms – to rein in operational costs. It also eliminated staff redundancies and laid off some workers. The firm currently employs about 55 people globally.\nRoth said that before FTX’s fall, Auros was already prepared to raise capital, and that the court supervision complicated the fundraising efforts. “It accelerated the requirement to raise but slowed the process because every decision had to go through the provisional liquidators,” he said.\nThe investment by Vivienne Court means the Australia-based traditional trading firm will have exposure to digital asset trading.\n“They
**Last 60 Days of Bitcoin's Closing Prices:**
[22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-21
**Financial & Commodity Data:**
- Gold Closing Price: $1938.00
- Crude Oil Closing Price: $69.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,686,338,400
- Hash Rate: 313920338.84048194
- Transaction Count: 327932.0
- Unique Addresses: 708659.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: While technology offers some of the most compelling investment opportunities, there’s no need to pay full price if you don’t have to, thus driving the case for tech stock bargains. While you can always opt for the established entities, the securities on this list focus on the best deals available. To be sure, a clear distinction exists between merely cheap and a genuine discount. For this list of tech stock bargains, I filtered out entities based on their fiscal resilience; specifically, no enterprise on this list features an Altman Z-Score lower than 4. That way, investors can be reasonably assured of putting their money into relatively stable businesses. As well, all of these companies enjoy at least a consensus analyst rating of moderate buy. And none of them trade over the counter, providing greater reassurances. So, with that out of the way, let’s dive into the tech stock bargains to snatch up. WTT Wireless Telecom $1.89 CLBT Cellebrite $5.39 AOSL Alpha and Omega Semiconductor $36.06 CAN Canaan $3.34 SMCI Super Micro Computer $83.21 DQ Daqo New Energy $43.09 CPTN Cepton $1.26 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wireless Telecom (WTT) a concept image of telecommunications featuring several symbols connected over a city Source: Shutterstock Based in New Jersey, Wireless Telecom (NYSEAMERICAN: WTT ) is a global designer and manufacturer of advanced radio frequency, and microwave components, modules, systems, and instruments. Primarily, it serves the broader telecommunications industry. However, Wireless also plays an important role in the military and aerospace sectors. Thanks to robust performances since late September last year, WTT gained almost 6% in the trailing year. Currently, the market prices WTT at a trailing multiple of 7.31. In contrast, the sector median value stands at 18.16 times. As a discount to earnings, Wireless ranks better than 85% of the competition . In addition, the company benefits from a strong balance sheet. For example, its cash-to-debt ratio pings at 14 times, ranked above nearly 81% of industry players. Story continues To be fair, Gurufocus.com warns that WTT represents a possible value trap. However, the one analyst covering WTT remains undeterred, rating it a buy. As well, the expert’s price target hits $2.25, implying over 18% upside potential . Thus, it’s an intriguing take on tech stock bargains. Cellebrite (CLBT) A man examines a digital screen with different icons for software. Source: Shutterstock Based in Israel, Cellebrite (NASDAQ: CLBT ) represents the “…global leader in partnering with public and private organizations to transform how they manage Digital Intelligence in investigations to protect and save lives , accelerate justice, and ensure data privacy,” per its website. In the trailing year, CLBT dipped over 8%. However, in the year so far, shares gained almost 23%. Presently, the market prices CLBT at a trailing multiple of 6.76. For comparison, the underlying sector median value stands at nearly 27 times. As a discount to earnings, Cellebrite ranks better than over 94% of its peers . On the balance sheet, the company offers a stable profile. For instance, it has zero debt, affording the enterprise much flexibility. Moreover, its Altman Z-Score pings at 5.45, reflecting low bankruptcy risk. At the moment, Wall Street analysts peg Cellebrite as a consensus moderate buy . Further, their average price target stands at $7.25, implying nearly 31% upside potential. As well, sentiment among hedge funds rates as positive, making CLBT one of the tech stock bargains. Alpha and Omega Semiconductor (AOSL) AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks Source: Shutterstock Although not often discussed, Alpha and Omega Semiconductor (NASDAQ: AOSL ) represents one of the more enticing tech stock bargains. It’s a designer, developer, and global supplier of a broad range of power semiconductors. Because the company touches so many relevant economic cogs, AOSL deserves consideration just as a long-term investment. However, when focused specifically on tech stock bargains, Alpha and Omega really shines bright. Currently, the market prices AOSL at a trailing multiple of 2.32. In contrast, the sector median value stands at 18.48 times. As a discount to earnings, AOSL ranks higher than over 99% of its peers . In addition, AOSL trades hands at 1.37 times sales and 1.18 times book value. Both rate much lower than their respective median values. Now, only one analyst covers AOSL at the moment with a buy rating. However, this expert – David Williams of Benchmark Co. – sees an upside potential of over 34% . Just as well, hedge fund sentiment for shares rates as very positive. Thus, it’s an overlooked but viable name among tech stock bargains. Canaan (CAN) Bitcoin mining operation. Bitcoin mining farm. GREE stock. Source: Michal Bednarek / Shutterstock Before we dive into the blockchain mining enterprise Canaan (NASDAQ: CAN ), you should be aware that CAN stock is incredibly volatile. In fact, words do not exist to describe its wildness and unpredictability. Specifically, Canaan’s 60-month beta pings at 3.25. Considering that a beta of 1 indicates the volatility found in the benchmark equities index, a rating of over 3 just about tells you everything you need to know about Canaan. However, when narrowing the discussion about tech stock bargains, Canaan ranks among the best. In particular, the market prices CAN at a trailing multiple of 1.76. For comparison, the sector median value stands at 18.16 times. As a discount to earnings, Canaan ranks superior to nearly 99% of its peers . Conspicuously, Canaan features excellent strengths in the balance sheet, a rarity for a cryptocurrency-mining enterprise. Right now, its cash-to-debt ratio stands at a hearty 61.44 times. At the moment, only two analysts cover Canaan. However, they peg shares as a consensus moderate buy . In addition, their price target stands at $5, implying nearly 39% upside potential. Super Micro Computer (SMCI) software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity Source: Shutterstock Based in San Jose, California, Super Micro Computer (NASDAQ: SMCI ) is a provider of high-performance and high-efficiency servers, server management software, and storage systems for various markets, including enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing. In the trailing year, SMCI gained a staggering 121%. Given this incredible performance, a debate about its valuation erupted recently. Per Gurufocus.com’s proprietary calculations for fair market value (FMV), SMCI rates as significantly overvalued. Objectively, though, the market prices CAN at a trailing multiple of 8.02. In contrast, the sector median pings at 18.16. This ranks better than nearly 84% of the competition . At the moment, Wall Street analysts peg SMCI as a consensus moderate buy . Moreover, their average price target stands at $122, implying an upside potential of nearly 45%. Therefore, SMCI ranks among the tech stock bargains. Daqo New Energy (DQ) rows of solar panels, representing solar stocks Source: Love Silhouette / Shutterstock.com Based in China, Daqo New Energy (NYSE: DQ ) engages in the manufacture of monocrystalline silicon and polysilicon, primarily for use in solar photovoltaic systems. With so much emphasis placed on green initiatives like solar energy, DQ offers an intriguing idea among tech stock bargains. In the trailing year, DQ gained a very respectable 15%, especially considering the circumstances. Here, we also have another dispute about valuation implications. According to Gurufocus.com, DQ rates as a possible value trap based on its FMV calculations. Objectively, the market prices DQ at a trailing multiple of 2.05. For comparison, the sector median value is 18.48. As a discount to earnings, Daqo ranks better than over 99% of its peers. Notably, Daqo features zero debt, which should help its cause as one of the tech stock bargains. In addition, its operational stats (revenue and profitability) are simply outstanding. Currently, DQ features a consensus moderate buy rating . Moreover, the experts’ average price target of $65.50 implies an upside potential of nearly 51%. Cepton (CPTN) Autonomous self driving electric car using lidar change the lane and overtakes city vehicle Source: temp-64GTX / Shutterstock.com Rounding out this list of tech stock bargains is Cepton (NASDAQ: CPTN ). Headquartered in San Jose, California, Cepton provides state-of-the-art, intelligent, lidar-based solutions for a range of markets such as automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications. While Cepton appears scientifically relevant – and I’m sure it’s exactly that – CPTN represents a dangerously risky trade. For one thing, it’s only a bit below parity on a year-to-date basis, making it rather disappointing. What’s more, since its public market debut, CPTN dropped a stunning 86% in equity value. If you can handle the inherent volatility and unpredictability, CPTN trades hands at a trailing multiple of 5.95. In contrast, the sector median stands at nearly 27 times. As a discount to earnings, Cepton rates better than over 95% of its rivals. Despite the obvious risks of engaging CPTN, Wall Street analysts don’t seem too worried. Currently, they peg it as a consensus moderate buy . Also, their price target of $3.33 implies an upside potential of over 154%. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s bec...
- Reddit Posts (Sample): [['u/TriggeredEllie', '[P5V4 p2+] Someone pls spoil me on when Wilfried gets put in his place', 43, '2023-03-21 00:08', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/', 'I’m sorry after reading today’s chapter my blood pressure can’t handle this. I wanna slap this little btch. And Sylvester honestly how dare they put down Roz so much and continuously take advantage of her, I just can’t.\n\nI just wanna know if it happens in this volume, and if yes please tell approximate what part (1-8?) for me so I can know how long I have to wait until it happens. \n\nPlease don’t tell me how he gets put in his place, but maybe rate the satisfaction level on a scale of 1-10? Like how satisfying is the punishment/consequences of his idiocy? 10 being peak and 1 being not at all satisfying. \n\nThis answer may or may not allow me to sleep at night', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/', '11wzd2c', [['u/dtwilight', 64, '2023-03-21 00:31', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0lfyw/', "For syl, I think he's caught in-between. He wants his duchy to be better, but not 8th ranked better. He doesn't want, nor does he have the retainers to be 8th. It's why he asked to not have their rank go up this year, and keep themselves where they are. The Leisgangs are putting a ton of pressure on him to acknowledge Rozemyne's achievements, while trying to figure out how to prop up Wilfred as the next archduke.\n\nCharlotte's precise arrows to Syl and Florencia's situation they put themselves in show us that the archducal couple are the ones *not thinking current and future actions through*, even though we know that Wilfred getting toxic whispers in his ears that are affecting his judgement, as flawed as they already were before.\n\nRozemyne's going to have to step up, yet again, to keep things under control.", '11wzd2c'], ['u/TriggeredEllie', 48, '2023-03-21 00:38', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0meh7/', '100% all of that. \n\nI get not wanting to rise higher atm from Syl. I get the pressure from Liesegang, but they are treating Roz like they treated Ferdinand. Someone to shove work on, take advantage of, and then discard.\n\nBoth Roz and Ferdinand loved the temple bc it gave them reprieve. But both inherently love their duchy, and want to see it improved. Roz does that even better than Ferd, and that scares them.\n\nSyl has his head stuck up his own b hole to get Flo pregnant, demand Wil to be the next aub, and push ALL THE WORK on Roz while telling her that her working hard to improve the duchy caused him problems and to shut up and be quiet. Instead of consulting Roz abt this he is going behind her back and doing shady shit, and Wil is just rejoicing in all of this bc he gets to be propped up despite being a failure just like Veronica wanted.\n\nI just need to know when reality crushes down on Wilbur and he gets metaphorically slapped in the face bc this chapter pissed me off', '11wzd2c'], ['u/Vestny', 41, '2023-03-21 00:41', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0mxqa/', 'Honestly its hard to say he gets put in his place but by early-mid p5v6 a lot of what is going on now becomes more clear. This part has alluded to a lot going on behind the scene. Some will be explored later in this same book but you can pretty much say that books 1-3 is the first arch of part 5 with 4-6 being the second one.', '11wzd2c'], ['u/dtwilight', 36, '2023-03-21 00:44', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0n8ix/', "Like father, like son; both are dependent on the people with the talents to do what needs to be done without ensuring their own retainers can copy the playbook. Love Sylvester, but he's been slowly backing himself into a corner.", '11wzd2c'], ['u/TriggeredEllie', 19, '2023-03-21 01:10', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0qyah/', 'Ugh I can’t believe we have to wait so long…\n\nHow satisfying is it would u say? Worth the wait?', '11wzd2c'], ['u/ljkp', 31, '2023-03-21 01:12', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0r7v7/', 'I think it will be a good direction and you will realise that your bloodveins are bulging for fewer reasons than you currently think they are. Even next week will give a little bit more insight on the situation, though it will become much more clear in P5V6.', '11wzd2c'], ['u/MayaNM', 12, '2023-03-21 01:50', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0wiw8/', 'P5V6 like other people said, and for me there were newer, more important people and things to mald over, so Wilf and his issues seemed insignificant by comparison. But I never really cared about him to begin with so your mileage might vary.', '11wzd2c'], ['u/Littlethieflord', 29, '2023-03-21 02:04', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0yg51/', 'Ugh who even told them to get pregnant now anyways? Especially since we know that in the this world, noble women can just Plan B themselves, it never should have gotten this bad', '11wzd2c'], ['u/TriggeredEllie', 25, '2023-03-21 02:27', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd11mv0/', 'No fr! Like bro, u have 3 bio kids and one adopted, your duchy just went to shit and Syl has to fight for his life to not take a second wife, but NOOOO. iTs tIMe tO hAVe aNoThER BEBE', '11wzd2c'], ['u/NRRC1997', 23, '2023-03-21 03:08', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd177qk/', '"you will realize that your bloodveins are bulging for fewer reasons than you currently think they are"\n\nHow can a sentence so menacing get me so excited yet worried sick for what is to come?', '11wzd2c'], ['u/ljkp', 14, '2023-03-21 03:12', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd17qix/', 'Lol, it was not supposed to be menacing but rather slow you down. What I mean to say that people are angry for things that are not that big in the end. He is making mistakes here, but [P5V6] >!he is not malicious at all!<.', '11wzd2c'], ['u/jinyi_lie', 14, '2023-03-21 03:17', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd18crx/', "Very worth it, especially Part 5 vol 5, there are much more interesting parts that push the stories further. I like a chapter named >!Merchant Saint!< Regarding wilfried's situation will conclude at Part 5 vol 5, and final conclusion with leisegang at vol 6 as People said.", '11wzd2c'], ['u/Cool-Ember', 22, '2023-03-21 03:49', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1cg7f/', 'First, >!your anger against Sylvester will be calmed in two weeks, probably next week.!<\n\nFor >!Wilfried, it’s up and down for the entire volume.!<', '11wzd2c'], ['u/Littlethieflord', 22, '2023-03-21 03:52', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1ctiv/', 'I’m honestly more disappointed in Florencia. Like yes, I’m sure Syl wanted the baby and he would be absolutely inconsolable if she’d decided not to, but she’s the sensible one in this relationship, and in this situation especially, should have exercised her power as archduchess and his wife to just not', '11wzd2c'], ['u/awwnuts07', 20, '2023-03-21 07:07', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1vkdk/', 'Are you seriously asking for spoilers but at the same time don’t want to be spoiled? Sorry, but a request like that is as ridiculous as the Leisegangs asking to drop Ehrenfest’s rank and I refuse to comply, so you’re gonna get spoilers…but blacked out.\n\nSpoilers for this vol and the future, obviously: Syl >!would absolutely refuse the Leisegangs idiotic request, but he can’t since he has no political support thanks to the purge. Thing is, the real aim of this request is to ruin the relationship between Rozemyne and the archducal family. They’re hoping this will piss her off enough that she openly starts defying archduke. Unfortunately, the current heads of the Leisegangs didn’t take into account their next generation also wouldn’t want to see their hard work undone, nor that they’ve become extremely capable in their own right and have the skills to push back against their elders!<.', '11wzd2c'], ['u/Mehmy', 17, '2023-03-21 07:07', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1vlqs/', "Honestly, that just makes me more angry.\n\n>!If he's not being malicious that means he's actually just this stupid.!<", '11wzd2c']]], ['u/Not_a__Lawyer', "WE MUST STOP calling out people for holding or buying the currencies we don't like.", 11, '2023-03-21 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11wzrqr/we_must_stop_calling_out_people_for_holding_or/', 'Greetings from Portugal.\n\nToo many of us are bullying other people simply because they are holding coins such as shib, doge, and so on. We must put an end to this. This is their money, not yours. They can keep or buy whatever they want because, well, you can guess why. \n\nSome of them may be new to cryptocurrency, while others may have purchased the coins for entertainment purposes. Whatever the reason,...
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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27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48
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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:**
['The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-page annual report . The first reference to digital assets in the 2023 Economic Report of the President—issued along with a yearly update issued by the Council of Economic Advisers—asserts that "blockchain technology has fueled the rise of financially innovative digital assets that have proven to be highly volatile and subject to fraud." And that was on page 43. "Although advocates often claim that digital assets, particularly crypto assets, are a revolutionary innovation, the design of these assets frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries," the report continues five pages later. "This inadequate design is often detrimental to consumers and investors." "Taxonomy of Digital Assets and Central Bank Money," Figure 8-1. The overall report—which includes over 100 pages of appendices—covers all aspects of the U.S. economy, including the rise of women in the labor force, climate change, imported goods, foreign investment, and education. But several sections address technology and digital markets. Chapter 7 is titled "Competition in the Digital Economy: New Technologies, Old Economics." And Chapter 8 takes crypto head on, under the heading "Digital Assets: Relearning Economic Principles." The conclusion? Crypto advocates need to go back to school, as they are "relearning the lessons from previous financial crises the hard way." White House Blames Congress for Failure to Enact Crypto Regulations "In addition to the decentralized custody and control of money, it has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries," the authors wrote. "So far, crypto assets have brought none of these benefits." The costs of crypto, meanwhile, have adversely impacted consumers, the financial system, and even the physical environment. Story continues "Indeed, crypto assets to date do not appear to offer investments with any fundamental value, nor do they act as an effective alternative to fiat money, improve financial inclusion, or make payments more efficient," the authors wrote. "Instead, their innovation has been mostly about creating artificial scarcity in order to support crypto assets’ prices." "Many of them have no fundamental value," they added. The authors then work their way through a number of "claims" made by crypto proponents, including the belief that crypto assets could be investment vehicles, could function like money without a central authority, enable fast digital payments, and increase financial inclusion and reduce the unbanked and underbanked. An extensive list of refutations follow, focused on potential harm to consumers and the lack of regulation and enforcement. "One of the principal areas where there is mass noncompliance is disclosure surrounding crypto assets that are securities," the report states, before returning to a running theme. "This lack of disclosure prevents investors from recognizing that most crypto assets have no fundamental value." Biden’s Tax Hike Proposal and What It Means for Bitcoin \'Wash Sales\' The council even takes a step back, and takes a stab at explaining Web3. "Proponents of blockchain technology claim that it will not only improve firms’ performance but also be the backbone of an entirely new Internet—Web3, the so-called new Internet," they wrote. Citing Signal app founder and cryptographer Moxie Marlinspike, the section concludes that some centralization is inevitable. "Once a distributed ecosystem centralizes around a platform for convenience, it becomes the worst of both worlds," the report notes. "Centralized control, but still distributed enough to become mired in time."', 'The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-pageannual report.\nThe first reference to digital assets in the 2023 Economic Report of the President—issued along with a yearly update issued by the Council of Economic Advisers—asserts that "blockchain technology has fueled the rise of financially innovative digital assets that have proven to be highly volatile and subject to fraud."\nAnd that was on page 43.\n"Although advocates often claim that digital assets, particularly crypto assets, are a revolutionary innovation, the design of these assets frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries," the report continues five pages later. "This inadequate design is often detrimental to consumers and investors."\nThe overall report—which includes over 100 pages of appendices—covers all aspects of the U.S. economy, including the rise of women in the labor force, climate change, imported goods, foreign investment, and education. But several sections address technology and digital markets.\nChapter 7 is titled "Competition in the Digital Economy: New Technologies, Old Economics." And Chapter 8 takes crypto head on, under the heading "Digital Assets: Relearning Economic Principles."\nThe conclusion? Crypto advocates need to go back to school, as they are "relearning the lessons from previous financial crises the hard way."\nWhite House Blames Congress for Failure to Enact Crypto Regulations\n"In addition to the decentralized custody and control of money, it has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries," the authors wrote. "So far, crypto assets have brought none of these benefits."\nThe costs of crypto, meanwhile, have adversely impacted consumers, the financial system, and even the physical environment.\n"Indeed, crypto assets to date do not appear to offer investments with any fundamental value, nor do they act as an effective alternative to fiat money, improve financial inclusion, or make payments more efficient," the authors wrote. "Instead, their innovation has been mostly about creating artificial scarcity in order to support crypto assets’ prices."\n"Many of them have no fundamental value," they added.\nThe authors then work their way through a number of "claims" made by crypto proponents, including the belief that crypto assets could be investment vehicles, could function like money without a central authority, enable fast digital payments, and increase financial inclusion and reduce the unbanked and underbanked.\nAn extensive list of refutations follow, focused on potential harm to consumers and the lack of regulation and enforcement.\n"One of the principal areas where there is mass noncompliance is disclosure surrounding crypto assets that are securities," the report states, before returning to a running theme. "This lack of disclosure prevents investors from recognizing that most crypto assets have no fundamental value."\nBiden’s Tax Hike Proposal and What It Means for Bitcoin \'Wash Sales\'\nThe council even takes a step back, and takes a stab at explaining Web3.\n"Proponents of blockchain technology claim that it will not only improve firms’ performance but also be the backbone of an entirely new Internet—Web3, the so-called new Internet," they wrote.\nCiting Signal app founder and cryptographer Moxie Marlinspike, the section concludes that some centralization is inevitable.\n"Once a distributed ecosystem centralizes around a platform for convenience, it becomes the worst of both worlds," the report notes. "Centralized control, but still distributed enough to become mired in time."', 'There are plenty of reasons why investors believe a major recession could be on the horizon. Sticky and persistent inflation has continued to put pressure on low- and middle-income workers. The impressive rate-hiking cycles by the Federal Reserve and other global central banks have attempted to tamp down economic activity to constrain rising prices. These moves, while not explicitly intended to cause a major recession, may do just that. And that’s not taking into consideration any of the myriad other concerns, from ongoing geopolitical conflicts to potential supply gluts in certain sectors. In short, the current macroeconomic environment is risky. Yet, if central banks do what they’ve traditionally done, and inject liquidity into the markets at the first sign of strain, perhaps we can avoid a major recession. If that’s the case, below are three stocks to buy or at least consider putting on your watch list. Each has the potential to rocket higher if a major recession doesn’t materialize. InvestorPlace - Stock Market News, Stock Advice & Trading Tips COIN Coinbase $83.99 SHOP Shopify $45.74 ZM Zoom Video $71.85 Coinbase (COIN) A Bitcoin rests on top of a computer with the Coinbase (COIN) logo and a trading chart. Source: Nadezda Murmakova / Shutterstock.com A well-known crypto exchange, Coinbase (NASDAQ: COIN ) enables users to purchase and trade cryptocurrencies. Some investors view digital assets as a recession hedge , and after a brutal 2022, COIN is up 137% so far this year. Much of this gain has to do with the rise in the value of prominent cryptocurrencies. Coinbase’s business model is rather simple. The company earns the lion’s share of its revenue via transaction fees. Thus, when trading volumes surge, it’s good news for Coinbase. The company’s recent financial results show what happens when liquidity starts to dry up in the crypto market. The company reported a loss of $2.46 per share for the final quarter of 2022. Although this was less than Wall Street’s forecast of -$2.55 per share, it was still significant. Moreover, while revenue of $629 million also came in
**Last 60 Days of Bitcoin's Closing Prices:**
[22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-22
**Financial & Commodity Data:**
- Gold Closing Price: $1946.80
- Crude Oil Closing Price: $70.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $544,625,906,375
- Hash Rate: 344229888.79749393
- Transaction Count: 297575.0
- Unique Addresses: 688658.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Call me naive, but I’ve always resisted the conspiracy theory that the anti-crypto stance adopted by certain U.S. regulators is meant to strangle this industry and protect the financial establishment it seeks to disrupt. I’ve preferred to see it as a wrong-headed but well-intended effort to protect consumers. Recent events have me wondering if something more sinister isn’t afoot. (And that maybe I am naive.) You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here . First, all indications are that the Securities and Exchange Commision will outright prohibit companies from providing staking services to retail customers in the U.S., products that give investors an opportunity to share in the token rewards that proof-of-stake blockchains deliver to validators. Following a hint from Coinbase CEO Brian Armstrong Wednesday that such a ban was coming, news broke Thursday that, in response to an SEC lawsuit, Coinbase competitor Kraken is indefinitely abandoning the staking service it offered to its U.S. customers and paying a $30 million fine. Second, per observations from Castle Ventures general partner Nic Carter and Blockchain Association chief policy officer Jake Chervinsky , and evident in other signs such as Binance’s problems with U.S. dollar bank transactions , it seems regulators are pressuring U.S. banks to stop servicing crypto companies. These latest moves will make it even harder for average U.S. citizens to participate in this industry, limiting it to large institutional investors, while various innovative startups looking to disrupt those same rent-seeking intermediaries will struggle to access liquidity. It’s hard to understand how these actions serve to protect consumers or further other policy objectives such as expanding financial inclusion. It feels as if government agents are deliberately trying to force this industry into the hands of Wall Street fat cats. Story continues But here’s the thing: Making it hard for Americans to invest in and build crypto projects won’t stop people outside of the U.S. from doing so. Hardline actions here will just push activity overseas. And while the U.S. might continue to generate business in “institutional crypto,” it will miss out on the true innovations occurring at grassroots levels . Staking ban? To be fair, SEC Chair Gary Gensler has been warning for some time that staking services could constitute unregistered securities, which would mean that exchanges such as Coinbase could be barred from listing them. The argument hinges on the income-like earnings that validators of proof-of-stake blockchains earn in the form of new tokens and transaction fees when they lock up pre-existing tokens, putting them at stake in a mechanism intended to keep them honest. It could be argued that the promise of fresh token income meets one part of the all-important Howey Test , which posits that for an investment instrument to be a security the investor needs to have an expectation of return. And from the complaint against Kraken, it appears that the exchange’s role as an intermediary managing the pool of staked token investment meant that, in the SEC’s eyes, it tripped up another Howey prerequisite: that the expected returns are “derived from the effort of others.” Fine. In a letter-of-the-law sense, the SEC’s backlash against staking may have some standing. But why do this now, and in such a brutal way, shutting down a well-functioning program in the U.S. without offering a company to get its program into an SEC-compliant structure? In a statement explaining her lone dissent on this action, SEC Commissioner Hester Peirce argued that the core problem is the overall inaction around creating a workable regulatory framework for crypto assets: “Whether one agrees with [the commission’s Kraken] analysis or not, the more fundamental question is whether SEC registration would have been possible. In the current climate, crypto-related offerings are not making it through the SEC’s registration pipeline. An offering like the staking service at issue here raises a host of complicated questions, including whether the staking program as a whole would be registered or whether each token’s staking program would be separately registered, what the important disclosures would be and what the accounting implications would be for Kraken.” Read more: Dan Kuhn - Crypto Would Survive an SEC Crackdown on Staking The timing here may be related to Ethereum’s development. It is less than six months since the second-largest blockchain successfully migrated from proof-of-work to proof-of-stake in what became known as the “Merge” and comes just before the blockchain launches its Shanghai upgrade, which will allow holders of locked ether tokens to unlock them. The action also comes just one month since the Commodity Futures and Exchange Commission declared ether to be a commodity – i.e., not a security – which suggests there might be a little turf war here. Determining the policy treatment of Ethereum is a key marker in the race to establish a regulatory standard for blockchains. More importantly, what is the greater purpose here? Securities law exists to protect small investors – specifically, unaccredited investors of lower income and wealth who are deemed to be less sophisticated and more vulnerable to abuse by the founder of an investment project than wealthier individuals and institutions. How is it that these retail investors in Ethereum are at risk now that they have a chance to earn yield on their tokens, but supposedly weren’t at risk when Ethereum was a proof-of-work chain with zero yield? Whatever the motive, the SEC’s move raises issues around the thorny matter of centralization risks in Ethereum’s validation network. Immediately after the Merge, concerns grew that a small pool of corporate-run staking pools were validating the bulk of Ethereum transactions and could collude to censor transactions. If hedge funds and venture capitalists are free to stake but small investors are not, doesn’t that risk rise? A solution, my colleague Daniel Kuhn writes , might lie in decentralized alternatives to Kraken’s offering, such as Lido and Rocketpool. But, given that U.S. regulators have signaled a belief that decentralized protocols aren’t outside their purview, is there not a risk the SEC would deem these projects illegal too and go after their founders and developers, in the vein of Tornado Cash (the Ethereum “mixer” that was sanctioned last year by the U.S. Treasury Department)? For now, it would seem there’s nothing stopping individual investors from staking the 32 ether needed to be a validator, but not everyone has that kind of money to put away (almost $50,000 at today’s prices). And, let’s be honest, doing this on your own is too complicated for Joe Public. Eventually, small U.S. investors might be able to gain easier staking exposure through tightly regulated exchange-traded funds, but the SEC has yet to approve a bitcoin exchange-traded fund, let alone an ether ETF. Another outcome is that retail investors’ priorities might shift back to proof-of-work chains such as Bitcoin. But it’s baffling that the SEC would want to promote that considering it’s also devising guidelines for environmental, social and governance (ESG) standards and Bitcoin’s carbon footprint is now massively larger than Ethereum’s on account of the latter’s move to proof-of-stake. In all of this, it seems we can expect to remain baffled because the SEC rarely offers comprehensive guidance on its crypto thinking. (Rachel Sun/CoinDesk) Gensler and his defenders might counter that he has consistently warned that most, if not all, tokens are securities. But the industry’s gripe goes beyond that. It’s that, other than the occasional public invitations to “come in and talk to us,” there’s been no real effort to collaboratively develop a regulatory framework that accommodates the unique, decentralized features of this technology. Worse, industry leaders say, the SEC practices “regulation through enforcement,” with the Kraken suit being a case in point, which leaves everyone on their toes. The practice might be a good way for the SEC to show off its bureaucratic clout but, without a clear legal framework for how to move things forward and reduce the risk of such enforcement actions, it fosters uncertainty and fear. And that’s antithetical to innovation and entrepreneurship. New 'Operation Choke Point' Meanwhile, an even more stealthy regulation-by-enforcement approach is playing out in banking supervision. As Nic Carter explained in his blog post, the widespread reports that U.S. banks are being instructed not to service crypto providers comes with no official communication from any regulator. He compared it to “Operation Choke Point,” a stealth campaign during the Obama administration to restrict fund flows to fringe but entirely legal services such as gun stores, marijuana dispensaries and porn providers. Without a clear legal framework for how to move things forward, these enforcement actions foster uncertainty and fear. The new, unannounced policy was likely a factor in Signature Bank’s move to close the international arm of Binance’s account, which led the world’s biggest crypto exchange by volume to announce that it was temporarily suspending U.S. dollar transfers. I got wind of the crackdown last month when the London-based head of an Eastern European bank told me that SWIFT, the U.S.-headquartered international bank messaging service, was telling banks it would not permit large transfers to providers of “crypto” services. The banker’s comment got me thinking: What defines “crypto?” Therein lies another problem: Banks have some discretion in how they will carry out th...
- 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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28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04
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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:**
['* Fed drops some hawkish rhetoric * Dollar down broadly, euro leads gains * Some losses pared after Yellen remarks By Tom Westbrook SINGAPORE, March 23 (Reuters) - The dollar was under pressure near seven-week lows on Thursday as U.S. bond yields fell sharply after the Federal Reserve sounded close to calling time on interest rate hikes. The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy. Futures imply only an even chance of one more hike. That\'s a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. The dollar pared some of its losses when U.S. Treasury Secretary Janet Yellen set off another round of bank stock selling and jitters over stability by telling Congress she hasn\'t considered or discussed blanket insurance for deposits. The euro strengthened as much as 1.3% to its highest since early February at $1.0912, though by the Asian morning it had dropped back to bought $1.0872. Sterling also shot to a seven-week high as British inflation unexpectedly rose, leaving it at an eye-watering 10.4% and heaping pressure on the Bank of England to raise rates and sound hawkish at its meeting later in the day. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. Two-year Treasury yields fell 22 bps on Wednesday. The shift in tone from the Fed makes it less likely that markets return to worrying that strong economic data is going to lead to more and more rate hikes, said NatWest Markets head of G10 FX strategy Brian Daingerfield. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." Financial markets have been roiled by wavering confidence in banks globally following a run on Silicon Valley Bank two weeks ago and the sudden demise of Credit Suisse. The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238. Sterling bought $1.2282 after rising as high as $1.2334 overnight. Markets have priced a 25bp hike from the BoE. The focus on the banking front is now primarily on U.S. regional lenders where worry of a contagious run on deposits remains elevated. Fed Chair Jerome Powell said deposit flows have stabilised in the last week, and smaller lenders said they took some comfort from Yellen\'s remarks that deposit insurance would be considered were there to be a contagion risk. That "took the anxiety out of the room," according to Daniel Kimbell, an executive at the local Passumpsic Bank in St Johnsbury, Vermont. Bitcoin fell 3% to $27,360 after a series of U.S. Securities and Exchange Commission lawsuits over crypto promotion put a dampener on digital assets. ======================================================== Currency bid prices at 0050 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0875 $1.0856 +0.16% +1.47% +1.0876 +1.0854 Dollar/Yen 131.0750 131.3900 -0.18% +0.00% +131.4550 +131.1600 Euro/Yen 142.56 142.67 -0.08% +1.61% +142.7900 +142.4500 Dollar/Swiss 0.9168 0.9175 -0.07% -0.84% +0.9173 +0.9166 Sterling/Dollar 1.2285 1.2269 +0.11% +1.56% +1.2287 +1.2266 Dollar/Canadian 1.3708 1.3732 -0.17% +1.18% +1.3733 +1.3707 Aussie/Dollar 0.6707 0.6685 +0.35% -1.59% +0.6708 +0.6682 NZ Dollar/Dollar 0.6238 0.6222 +0.27% -1.75% +0.6239 +0.6221 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Simon Cameron-Moore)', '* Fed drops some hawkish rhetoric * Dollar down broadly, euro leads gains * Some losses pared after Yellen remarks By Tom Westbrook SINGAPORE, March 23 (Reuters) - The dollar was under pressure near seven-week lows on Thursday as U.S. bond yields fell sharply after the Federal Reserve sounded close to calling time on interest rate hikes. The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy. Futures imply only an even chance of one more hike. That\'s a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. The dollar pared some of its losses when U.S. Treasury Secretary Janet Yellen set off another round of bank stock selling and jitters over stability by telling Congress she hasn\'t considered or discussed blanket insurance for deposits. The euro strengthened as much as 1.3% to its highest since early February at $1.0912, though by the Asian morning it had dropped back to bought $1.0872. Sterling also shot to a seven-week high as British inflation unexpectedly rose, leaving it at an eye-watering 10.4% and heaping pressure on the Bank of England to raise rates and sound hawkish at its meeting later in the day. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. Two-year Treasury yields fell 22 bps on Wednesday. The shift in tone from the Fed makes it less likely that markets return to worrying that strong economic data is going to lead to more and more rate hikes, said NatWest Markets head of G10 FX strategy Brian Daingerfield. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." Financial markets have been roiled by wavering confidence in banks globally following a run on Silicon Valley Bank two weeks ago and the sudden demise of Credit Suisse. The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238. Sterling bought $1.2282 after rising as high as $1.2334 overnight. Markets have priced a 25bp hike from the BoE. The focus on the banking front is now primarily on U.S. regional lenders where worry of a contagious run on deposits remains elevated. Fed Chair Jerome Powell said deposit flows have stabilised in the last week, and smaller lenders said they took some comfort from Yellen\'s remarks that deposit insurance would be considered were there to be a contagion risk. That "took the anxiety out of the room," according to Daniel Kimbell, an executive at the local Passumpsic Bank in St Johnsbury, Vermont. Bitcoin fell 3% to $27,360 after a series of U.S. Securities and Exchange Commission lawsuits over crypto promotion put a dampener on digital assets. ======================================================== Currency bid prices at 0050 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0875 $1.0856 +0.16% +1.47% +1.0876 +1.0854 Dollar/Yen 131.0750 131.3900 -0.18% +0.00% +131.4550 +131.1600 Euro/Yen 142.56 142.67 -0.08% +1.61% +142.7900 +142.4500 Dollar/Swiss 0.9168 0.9175 -0.07% -0.84% +0.9173 +0.9166 Sterling/Dollar 1.2285 1.2269 +0.11% +1.56% +1.2287 +1.2266 Dollar/Canadian 1.3708 1.3732 -0.17% +1.18% +1.3733 +1.3707 Aussie/Dollar 0.6707 0.6685 +0.35% -1.59% +0.6708 +0.6682 NZ Dollar/Dollar 0.6238 0.6222 +0.27% -1.75% +0.6239 +0.6221 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Simon Cameron-Moore)', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and most other major cryptos fell after the Federal Reserve raised the interest rate 25 basis points and made clear that inflation remained its focus even after recent banking debacles.\nInsights:In a Q&A with CoinDesk, the chief technology officer of smart contract platform Conflux says the company\'s blockchain-enabled SIM card (BSIM) offers security and convenience.\nCoinDesk Market Index (CMI)\n1,178\n−30.9▼2.6%\nBitcoin (BTC)\n$27,294\n−820.7▼2.9%\nEthereum (ETH)\n$1,738\n−56.7▼3.2%\nS&P 500\n3,936.97\n−65.9▼1.6%\nGold\n$1,972\n+25.4▲1.3%\nNikkei 225\n27,466.61\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Hopeful Day Ends With a Slump\nThe U.S. Federal Reserve took the apparent path of least resistance, raising the interest rate 25 basis points to quash investor hopes that it would turn more dovish in the aftermath of a banking crisis that has rocked confidence in traditional financial services firms and the strength of the U.S. dollar.\nBitcoin (BTC) dithered in the immediate aftermath of the bank\'s decision before edging down steadily, even dipping below $27,000. The largest cryptocurrency by market capitalization was recently trading at $27,375, off 3.5%. Earlier in the day, as markets hoped for a cessation of the year-long regime of Fed rate increases, BTC zoomed above $28,700.\n"Risk aversion was able to drag down bitcoin as market jitters returned on banking worries and over a quickly weakening economy," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "The Fed might be done tightening, but the risk of something else breaking in the financial sector remains elevated."\nEther also tumbled from highs over $1,800 to its more recent $1,737. The second-largest crypto in market value was off more than 3.3%. Nearly every other major crypto by market cap in the CoinDesk top 25 was well in the red with the main exceptions APT, the token of layer 1 blockchain Aptos, and LTC, the native crypto of open-source blockchain Litecoin. They rose more than 5% and 6%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 2.7%.\nThe crypto world, m
**Last 60 Days of Bitcoin's Closing Prices:**
[22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-23
**Financial & Commodity Data:**
- Gold Closing Price: $1993.80
- Crude Oil Closing Price: $69.96
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $528,491,542,881
- Hash Rate: 398152679.74955547
- Transaction Count: 295245.0
- Unique Addresses: 677191.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.57
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: North Sydney, NSW --News Direct-- Mawson Infrastructure Group Inc By Ernest Dela Aglanu, Benzinga Learn More about Mawson Infrastructure Group, Inc by gaining access to the latest research report Highly Experienced Management And Board : The company is managed by a team of industry veterans led by its Founder and CEO, James Manning. Manning has 15 years of management experience across technology, accounting, logistics, and property development. The Bitcoin Mining sector breathed a collective sigh of relief in the past three weeks as Bitcoin has rallied from about $16,500 on Dec. 30 to nearly $23,000 at time of writing. Many of the Bitcoin miners have rallied dramatically in response, yet concerns remain about the energy consumption required to mine Bitcoin. The whole process uses a tremendous amount of electricity. For some context, the Cambridge Center for Alternative Finance (CCAF) estimates that Bitcoin alone consumes about 0.55% of electricity globally. Time For A Renewable Energy Mix? There is a belief that introducing a renewable energy mix of wind, solar, nuclear, and hydropower will not only help decarbonization and fight climate change but also help reduce pressure on power grids while improving bitcoin mining profitability. Thanks to companies like Mawson Infrastructure Group Inc. (NASDAQ: MIGI), cryptocurrency mining and blockchain technology are beginning to adopt renewable energy like nuclear as the primary electricity source. Since 2018 when it was founded, the global digital asset infrastructure company has demonstrated a commitment to achieving decarbonized mining operations. With an industry that is filled with players like Riot Platforms Inc. (NASDAQ: RIOT), BIT Mining Ltd. (NYSE: BTCM), Hut 8 Mining Corp. (TSE: HUT), Marathon Digital Holdings Inc. (NASDAQ: MARA), Bit Digital Inc. (NASDAQ: BTBT) and CleanSpark (NASDAQ: CLSK), Mawson looks to stand out of the bitcoin mining pack. What Makes Mawson Stand Out? One key strategy that seems to set this underknown and under-followed company apart from the rest is its diversified model focused on Bitcoin Self-Mining, Hosting Co-location services and Energy Markets. Story continues The company is engaged in the immediate sale of mined coins (not pursuing a HODL strategy of mining and holding Bitcoins to minimize the balance sheet risk of marking down revenues). The company has opportunistically moved to lower-priced energy areas in Pennsylvania and has established the financial flexibility of selling back millions of dollars of energy to the grid when it is more profitable than producing Bitcoins for sale. To continue to expand its operations at its two facilities in Pennsylvania, Mawson monetized its development of a mining facility in Georgia. Mawson highlights some of the following core activities: Mawson Self-Mining : Mawson engages in Bitcoin Self-Mining across its operations. Hosting Co-location : Mawson leverages its surplus infrastructure capacity to generate an additional revenue stream comprising hosting co-location services. Mawson Energy Markets Program : Mawson manages its Energy Markets Program through participation in curtailment and energy capacity sales. When energy prices are high and bitcoin prices are low, Mawson sells energy back to the grid. When energy prices are low, Mawson continues to mine for Bitcoin. Energy Markets generated unaudited $13.9 million in Q2 of 2022, as per the companys December update , which is similar to Riot Platforms (formerly Riot Blockchain). Secure Contracted Low-Cost Energy Pipeline : Low-cost energy infrastructure through securing Power Purchase Agreements (PPA). The existing energy infrastructure capacity available for Bitcoin Self-Mining and Hosting Co-location is currently over 360 megawatts (MW). Environmental, Social, And Corporate Governance (ESG) Focus Net Zero Carbon : 22,277 tons of C02 offsets purchased in 2020, 2021 carbon footprint assessed, Verified Carbon Units (VCU) offset pricing underway. 24,557 tons of CO2 emissions were avoided through its Energy Markets Program in 2022. 100,000 trees were planted in 2022. Governance Framework : Mawson says a responsible, accountable and ethical approach to corporate governance underpins the way the company does business. This article was originally published on Benzinga here . Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawsons vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR- Colette Eymontt [email protected] Company Website https://mawsoninc.com/ View source version on newsdirect.com: https://newsdirect.com/news/as-bitcoin-rallies-eyes-are-on-bitcoin-miners-and-this-miner-could-benefit-from-its-recent-moves-886726397...
- Reddit Posts (Sample): [['u/moldyjellybean', "Do you think Fiat Banking is semi broken and held up by duct tape? Never thought I'd hear right from Jerome Powell's mouth the first sentence he said", 16, '2023-03-23 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/', '\nIf this quote doesn\'t make you believe more in BTC I\'m not sure what will. \n\n"In the past 2 weeks, serious difficulties. at a small number of banks has emerged. History has shown isolated banking problems if left unaddressed ...can undermine the entire banking system as a whole"\n\nThere are still pluses in the fiat banking system that btc doesn\'t have. Like if someone scams you, the bank will reverse the charge or go to bat for you. \n\nhttps://www.youtube.com/watch?v=mV0soBdvjtY\n\nStraight the top dog\'s mouth. This fragile system of trillions of dollars can be undermined by 2-3 small/mid size regional banks? \n\nThis system is held up by scrapes of duct tape and broken promises and charlatans.', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/', '11z0a28', [['u/Harold838383', 11, '2023-03-23 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/jda9q0u/', "It's funny when you find out about tokenomics you realise that the US dollar is dogshit", '11z0a28']]], ['u/fuzzyduck88', 'You can never win against the “Bitcoin is a Ponzi scheme / bubble” people.', 61, '2023-03-23 00:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/', 'Just food for thought (there’s nothing worthwhile in this post): \n\nYou see so many posts from people asking how can they argue their pro bitcoin agenda with anti crypto folk… or convince their friends and family why bitcoin is the way of the future… the answer is: YOU CANT and you shouldn’t try. \n\n(1) no matter how well your crypto is doing they can always say “it’s a bubble, it’s going to collapse, it’s a scam” and there’s no time limit on their argument. They can say it until 2060 and you’ll never prove them wrong. BUT there is the chance things go tits up and you end up looking like an idiot. \n\n(2) when things are good, they won’t remember you as the person who made money. If they do talk about it, it will be along the lines of “that idiot will lose all their money when this thing collapses”. \n\n(3) when things take a dive during a bear market THEY WILL remember you as “he’s the idiot who lost all their money on that scam”.\n\nDon’t get involved in an argument you can’t win.', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/', '11z0ugi', [['u/bkcrypt0', 23, '2023-03-23 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdacgl3/', ' Not worth the effort.', '11z0ugi'], ['u/Ofulinac', 12, '2023-03-23 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdad4wx/', 'You win by going past them in your new car or paying the mortgage and finally owning that house/apartment or hell, even building you always wanted.', '11z0ugi'], ['u/Ofulinac', 10, '2023-03-23 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdadj55/', 'Sure but do these comments even mean anything at that point? \n\nIts just words.', '11z0ugi']]], ['u/Jdirvin', 'Coinbase ID verification is software gore', 14, '2023-03-23 04:26', 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/', "How many times do I need to verify my ID??? Lmao. \n\nRecovering an account ->\n\nverify id and selfie -> \n\nmanual review approved -> \n\nattempt to send Bitcoin, account locked until id and selfie are verified, upload 3 pictures again -> \n\nverification approved -> \n\nattempt to send Bitcoin again -> \n\nTransaction delayed because id isn't verified... This is insane", 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/', '11z78pr', [['u/Jdirvin', 10, '2023-03-23 04:30', 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/jdb86x8/', 'Not in my experience', '11z78pr']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, March 23, 2023', 40, '2023-03-23 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/', '11z82fd', [['u/InvestorCoast', 10, '2023-03-23 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbln4r/', 'YTD Btc Volume & Dominance are gaining steam. A good signal btc is going to continue moving up.\n\nBtc is quickly retracing the down spike from yesterday (moving back up to 28,700). Should be able to move above 29K today.', '11z82fd'], ['u/dissociatives', 15, '2023-03-23 08:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbto94/', "Kicking myself hard. I'm not one to make predictions normally, but I called the bottom; I could just feel it in my fuckin bones.\n\nBut.... I didn't buy. Just didn't make financial sense at the time to cut into the nest egg. Time and time again, cycle after cycle, I've often ignored my intuition. Whether because of greed, apathy, or an over abundance of caution. I could have *easily* tripled my stack these past cycles if I'd only heeded my gut.\n\nMaybe you yourself have experienced something similar. So I wonder, how do you become more decisive? Do you have any specific strategies you use to validate your decision making process and mitigate emotional bias?\nThoughts?", '11z82fd'], ['u/Essexal', 16, '2023-03-23 08:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdburn1/', 'It does feel like that place is where the people who weren’t good at school hang out. \n\nWhile most of the comments are satire and jokes there are genuinely some people who can’t do maths and economics, let alone try doing both at the same time while remembering to breathe.\n\nThey tagged me as ‘bought butts for 1k’ which to them was hilarious through the ‘14-‘15 bear.\n\nNow what do you think they think? \n\nSome of them will be on their deathbed in 50 years time, and whether BTC is the world reserve currency by then or not they will still have that little bit of regret in them that they were wrong all along.\n\nBecause of that, we’ve already won. Let them have their silly little group where they think their cleverer than Satoshi.', '11z82fd'], ['u/spinbarkit', 19, '2023-03-23 09:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbxowt/', '1. stop kicking yourself for "bad" decisions -they are results of a thought process you made in the past, based on the information you had and emotions you encountered. respect yourself.\n2. greed apathy and caution are all valid emotions. learn to process them, let them overwhelm you and let them just be.\n3. feeling emotions is good.\nshame, regret and fear are obviously unpleasant. but again! don\'t be afraid of them. acknowledge what\'s happening with you while they flow through you. after that, use the outcoming state of mind to benefit your decision making', '11z82fd'], ['u/setzer', 11, '2023-03-23 10:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbz0xf/', "If you really feel we've seen the bottom, the price is still ridiculously cheap. Most people who DCA'd from the top probably have a higher average than this. Saylor for example has a 30k average.\n\nAlso, if you did buy, can you even be sure you would have held? The last couple months have been quite a rollercoaster and once you have a position it can be become more difficult to manage if you are trading based off your gut feeling. I wouldn't beat yourself much too much about not acting on your gut.\n\nI tend to pick specific price levels to buy/sell ahead of time and just stick to them - that way there is no emotion getting in the way.", '11z82fd'], ['u/snek-jazz', 16, '2023-03-23 12:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcaqoj/', 'Anyone here got thoughts on Balaji "ringing the fire alarm" this week? Been a fan of his since way back in the day, but even to me, a hardcore bitcoiner, he sounds almost crazy right now.', '11z82fd'], ['u/challis88ocarina', 14, '2023-03-23 12:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcbp8a/', 'bitstamp still offline after more than 90mins, expected maintenance window of 1h\n\nedit: up after 110mins\n\nedit 2: bulls live at bitstamp', '11z82fd'], ['u/Essexal', 15, '2023-03-23 13:25', 'https://www.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.
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27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['We’ve already seen valuations drop in 2022, as investors priced in an economic slowdown. However, it’s unclear whether a full-on\xa0market crash is being priced into equity markets right now. Indeed, many pockets of the stock market are showing signs of life once again in 2023. Investors appear to be betting on the potential for the Federal Reserve to go from interest rate hikes to cuts, in short order. Thus, some of the highest-risk pockets of the market are seeing the most buying pressure, as we move toward the end of Q1. That said, the potential for a market crash, or at least a significant recession, is increasing. The yield curve remains extremely inverted (though it has been steepening of late) and, despite inflation coming down slightly, prices are still rising at a considerable rate. This will likely make the job of central bankers more difficult. InvestorPlace - Stock Market News, Stock Advice & Trading Tips For investors, the question is what this means for higher-risk equities. In my view, now’s not the time to get greedy trying to time stocks that have already made significant momentum-driven moves. Here are three stocks I’d avoid, particularly for those worried about a potential market crash around the corner. Peloton (PTON) Peloton (PTON stock) sign on city storefront Source: JHVEPhoto / Shutterstock.com With the release of Peloton’s (NASDAQ: PTON ) Q2 results, it’s becoming increasingly clear that this is a company that’s not hitting the profitability goals it’s set for itself, or that the market expects. The company brought in higher revenue than expected ($792.7 million vs. $710 million projected), but missed big time on its bottom line, losing 98 cents per share, relative to expectations for a loss of only 64 cents per share. In this market, profitability matters more than revenue growth and, while investors appear to still remain more bullish on this stock than at the start of the year (PTON stock is still up roughly 20% year-to-date), it’s also clear that Peloton’s financial picture is nowhere near as rosy as many had painted it following the pandemic. Story continues When gyms were closed, and Peloton’s at-home exercise bikes were all the rage, things were different. This was a stock that was valued as if its “sticky” revenues would remain so over the long-term. Unfortunately, quarter upon quarter of significant losses has shaken investor confidence in this stock. Until there’s a pathway to profitability, I think PTON stock is likely to remain on the out. Sure, cost-cutting measures will help somewhat. But this is a company with macro headwinds that I think may be too strong to ignore, particularly in a market downturn. Novavax (NVAX) A gloved hand lifts one of five Novavax (NVAX) COVID-19 vaccine vials lined up in front of lab equipment. Source: benjamin poturak / Shutterstock.com Novavax (NASDAQ: NVAX ) stock has gone through substantial fluctuations , as the company has posted sizable profits and losses over the last several years. In 2020, the biotech company experienced a surge of over 2,700% in stock value thanks to investor optimism surrounding its experimental COVID-19 vaccine. However, as the vaccine candidate faced delays, Novavax’s shares began to decline . Eventually, the vaccine was approved for commercial use, albeit later than its competitors, which limited the company’s revenue potential. Right now, many analysts and experts view the window of opportunity with COVID-19 vaccines as essentially closed. While Novavax ultimately received approval, it’s clear that other larger Pharma behemoths beat this smaller player to the punch. Thus, while we may all go out and get our annual shot, it’s unclear how many patients will request a Novavax shot (or how well-supplied providers will be in this regard). Another pandemic-related winner, Novavax has seen its share price plunge more than 90% over the past 12 months. I think this decline could potentially continue, market crash or not. In its latest financial report, Novavax raised concerns about the possibility of ceasing its operations. One of the challenges the company attempts to address is linked to a funding agreement with the United States government which, at this time, has only been extended through 2023, thereby jeopardizing nearly $400 million in funding. There’s too much hair on NVAX stock for conservative investors to buy in and, even if the market rallies, I think there are better opportunities out there. In a market crash scenario, forget about it. Riot Platforms (RIOT) futuristic image of a hand with the words "block chain" floating above it, representing riot blockchain stocks Source: Shutterstock Riot Platforms (NASDAQ: RIOT ), formerly Riot Blockchain, is a crypto mining company focused on proof-of-work mining, primarily for Bitcoin ( BTC-USD ). Like the other names on this list, Riot has seen some bullish momentum build this year. Much of this has to do with rising crypto prices. Indeed, so long as Bitcoin increases in value, Riot and other crypto miners should see higher valuations. That’s because Riot’s revenue is largely denominated in Bitcoin, with its fixed costs denominated in dollars. Accordingly, in many respects, RIOT stock is a highly-leveraged bet on the future of crypto. As we’ve seen in previous crypto rallies, accommodative monetary policy and a bull market in all risk assets tends to bode well for digital tokens. However, if a market crash takes hold, investors can forget about their outsized returns. My view is that crypto miners like Riot are likely too speculative to consider right now. While Riot may be the best of the bunch, this stock is one that lives and dies by the price of Bitcoin. For investors who can handle the potential volatility, that’s fine. It’s just not for me. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Stocks That Won’t Survive a Major Market Crash appeared first on InvestorPlace .', 'We’ve already seen valuations drop in 2022, as investors priced in an economic slowdown. However, it’s unclear whether a full-on\xa0market crash is being priced into equity markets right now.\nIndeed, many pockets of the stock market are showing signs of life once again in 2023. Investors appear to be betting on the potential for the Federal Reserve to go from interest rate hikes to cuts, in short order. Thus, some of the highest-risk pockets of the market are seeing the most buying pressure, as we move toward the end of Q1.\nThat said, the potential for a market crash, or at least a significant recession, is increasing. The yield curveremains extremely inverted(though it has been steepening of late) and, despite inflation coming down slightly, prices are still rising at a considerable rate. This will likely make the job of central bankers more difficult.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nFor investors, the question is what this means for higher-risk equities. In my view, now’s not the time to get greedy trying to time stocks that have already made significant momentum-driven moves.\nHere are three stocks I’d avoid, particularly for those worried about a potential market crash around the corner.\nSource: JHVEPhoto / Shutterstock.com\nWith the release ofPeloton’s(NASDAQ:PTON)Q2 results,it’s becoming increasingly clear that this is a company that’s not hitting the profitability goals it’s set for itself, or that the market expects. The company brought in higher revenue than expected ($792.7 million vs. $710 million projected), but missed big time on its bottom line, losing 98 cents per share, relative to expectations for a loss of only 64 cents per share.\nIn this market, profitability matters more than revenue growth and, while investors appear to still remain more bullish on this stock than at the start of the year (PTON stock is still up roughly 20% year-to-date), it’s also clear that Peloton’s financial picture is nowhere near as rosy as many had painted it following the pandemic.\nWhen gyms were closed, and Peloton’s at-home exercise bikes were all the rage, things were different. This was a stock that was valued as if its “sticky” revenues would remain so over the long-term. Unfortunately, quarter upon quarter of significant losses has shaken investor confidence in this stock. Until there’s a pathway to profitability, I think PTON stock is likely to remain on the out.\nSure, cost-cutting measures will help somewhat. But this is a company with macro headwinds that I think may be too strong to ignore, particularly in a market downturn.\nSource: benjamin poturak / Shutterstock.com\nNovavax(NASDAQ:NVAX) stock has gone throughsubstantial fluctuations, as the company has posted sizable profits and losses over the last several years. In 2020, the biotech company experienced a surge of over 2,700% in stock value thanks to investor optimism surrounding its experimental COVID-19 vaccine. However, as the vaccine candidate faced delays,Novavax’s shares began to decline. Eventually, the vaccine was approved for commercial use, albeit later than its competitors, which limited the company’s revenue potential.\nRight now, many analysts a
**Last 60 Days of Bitcoin's Closing Prices:**
[22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-24
**Financial & Commodity Data:**
- Gold Closing Price: $1982.10
- Crude Oil Closing Price: $69.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,047,613,812
- Hash Rate: 377232885.4931189
- Transaction Count: 292095.0
- Unique Addresses: 683787.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Miami, Florida--(Newsfile Corp. - January 24, 2023) - Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo. Founded in 2013, Genesis Coin Inc accounts for approximately 35% of all world-wide Bitcoin ATM transactions. Barnard and Carrillo, who also founded Bitstop, went on to become the first and largest private label Bitcoin ATM platform based in Miami, FL with over 2,500+ Bitcoin ATMs worldwide. Genesis Coin and Bitstop represent over 75+ operators operating 12,000+ Bitcoin ATMs in the United States and international markets which account for billions of dollars in annual sales volume.
From left to right: Doug Carrillo, Evan Rose, Andrew Barnard
As part of the acquisition, Andrew Barnard will become Chief Executive Officer and Doug Carrillo will become Chief Strategy Officer and both will join the Board of Directors of Genesis Coin. Evan Rose, Genesis Coin's founder, will stay on as a technical advisor and remain a member of the company's Board of Directors. The Genesis Coin headquarters will move from Puerto Rico to Miami, Florida.
"Genesis Coin gave birth to the Bitcoin ATM industry," said Barnard. "It's the first and largest Bitcoin ATM software platform in The World. Evan built a platform trusted by some of the largest Bitcoin ATM operators in our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador.
"Our industry is now rapidly changing, and Genesis Coin will lead the way into the future. Accomplishing this requires a solid team of world-class visionaries and developers. At Bitstop, we built an incredible software team and platform which has partnered with some of the largest companies both private and publicly traded from the traditional ATM industry. We plan to bring our background and expertise in building the best technology and team in the Bitcoin ATM industry to Genesis Coin. We believe this is a win-win for all stakeholders," furthered Barnard.
"Andrew, Doug, and I have been friends for a long time and have also been friendly competitors," commented Rose. "They have a reputation for their innovative and creative thinking. In addition, they have been successful in establishing key relationships in the Bitcoin space and their technical expertise and knowledge of Bitcoin is very impressive. In turn, this has allowed them to attract and retain top-tier talent and build great products. This transaction represents the coming together of the two leading software platforms in the industry and creates value for both companies' stakeholders. It combines the best product, engineering, and leadership teams in the space. I'm extremely excited to work alongside them and look forward to introducing very exciting new products and services we have planned for this year," commented Rose.
Barnard, Carrillo and Rose stressed the importance of continuing to provide stability to both platforms and continuing to service the needs of operators on both platforms. For the time being, both the Genesis Coin and Bitstop platforms will continue to run independently while exploring technical synergies. Genesis Coin has already made several key hires to their development team with a core focus on product development.
"This acquisition represents the most significant event in the Bitcoin ATM industry to date," said Carrillo. "Our commitment is to provide Genesis Coin with the proper resources it needs to pave the way for continued growth and innovation. We truly believe that this new combination of the best minds in our space will be the catalyst for the Bitcoin ATM industry evolving into its next phase. We are hyper-focused on building the best software for Bitcoin ATMs in the world. Today, the most sophisticated operators in our industry rely on Genesis Coin and Bitstop technology to power their businesses. As a result, we have become 'The Standard' in the Bitcoin ATM space where virtually all industry organic M&A activity today is occurring on the Genesis Coin and Bitstop networks," concluded Carrillo.
"Leverage dominated the entire cryptocurrency space over the last two years. Many other platforms in our industry couldn't resist the siren song," said Barnard. "This is a capital-intensive industry where you do not want to be in a lot of debt. Genesis Coin is financially secure with a strong balance sheet, no debt, and strong cash flow. The company does not have external investors. The result of this is that operators can build their future on the Genesis Coin platform with confidence. In a volatile industry, we are a beacon of stability. We are bullish on the potential of this industry. We see significant market growth from here over the next 10 years. We believe we are in the best position in the industry to unite the very best operators and support their growth. Our goal is to listen to our operators and deliver the very best products and features to them so they can deliver maximum value to their customers at scale," concluded Barnard.
About Genesis Coin:Genesis Coin is the first and largest white-label Bitcoin ATM network worldwide. We are the premier provider of autonomous vending solutions for bitcoin. Genesis Coin's proprietary managed infrastructure software solution has propelled it to become the largest provider of Bitcoin ATMs and software facilitating self-service buying and selling billions of dollars in cryptocurrencies across the world annually. Genesis Coin's software provides customers with a reliable, tailored operating platform. Genesis Coin delivers its software by selling BTMs to third-party operators who provide opportunities for businesses looking to diversify their revenue and drive foot traffic to their locations. Our machines make bitcoin simple for everyone.www.bitcoinatm.com
Press contact:Andrew [email protected]
To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/152103...
- Reddit Posts (Sample): [['u/SouthNagsHead', "Absolutely Hell No - Eric Bland on Alex Murdaugh using 'Untainted' Money to Fund his Appeal", 119, '2023-03-24 01:47', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/', '***Law & Crime -***\n\n [‘Absolutely hell no’: Lawyer for Alex Murdaugh’s financial victims vows to fight efforts to use ‘untainted’ money to fund murder appeal (msn.com)](https://www.msn.com/en-us/news/crime/absolutely-hell-no-lawyer-for-alex-murdaugh-s-financial-victims-vows-to-fight-efforts-to-use-untainted-money-to-fund-murder-appeal/ar-AA190g3l?ocid=msedgntp&cvid=a70bd10a15a642f9a83e247b017576e7&ei=8) \n\nA lawyer for victims of the wide-reaching financial crimes of [Alex Murdaugh](https://lawandcrime.com/?s=%22alex+murdaugh%22) has vowed to oppose an effort by the disgraced attorney to use personal funds to cover the costs of appealing his murder conviction.\n\nMurdaugh, once a scion of the South Carolina legal community, was [convicted](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaugh-verdict-quickly-reached-after-marathon-double-murder-trial/) earlier this month of the double murder of his wife, Margaret “Maggie” Murdaugh, and their youngest son, Paul Murdaugh.\n\nBut murder was not his only crime.\n\nAccording to the South Carolina Attorney General’s Office — which has issued 19 different indictments — Murdaugh [stole at least $8.7 million](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaugh-has-admitted-to-dozens-of-financial-crimes-and-faces-over-700-years-in-prison-for-those-concessions-alone/) from his clients over the years.\n\nJustin Bamberg, a lawyer based in the city of Bamberg, South Carolina, represents the survivors of HaKeem Pinckney, who [died after a being paralyzed](https://www.nbcnews.com/dateline/in-the-news/alex-murdaugh-vowed-help-says-defrauded-rcna54289) in a horrific car wreck, and Blondell Gary, who was [also killed](https://www.marshelswrightdonaldson.com/obituary/1384307) in a vehicle accident. Murdaugh had previously represented their respective estates in wrongful death and negligence lawsuits, apparently garnering [hundreds of thousands of dollars](https://www.scag.gov/about-the-office/news/state-grand-jury-indicts-russell-laffitte-along-with-cory-fleming-and-alex-murdaugh-for-new-charges-in-superseding-indictments/) ostensibly on behalf of his clients.\n\nMurdaugh, however, kept the money for himself.\n\n **- Related Coverage -**\n\nOn Tuesday, attorneys for Murdaugh\xa0filed a motion in the wrongful death case brought by Renee Beach, whose 19-year-old daughter, [Mallory Beach](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/untangling-expansive-cast-of-characters-in-alex-murdaugh-murder-case/), was killed when a boat [piloted by Paul Murdaugh](https://lawandcrime.com/high-profile/it-was-so-over-the-top-alex-murdaugh-describes-vile-threats-against-his-youngest-son-over-drunken-boat-crash-that-killed-19-year-old-girl/) slammed into a bridge piling at around 2:00 a.m. in February 2019. The parties [settled](https://www.wsav.com/news/local-news/judge-approves-settlement-between-murdaugh-estate-and-beach-family/) earlier this year.\n\nAccording to the “motion for payment of attorneys’ fees and cost from untainted funds,” Murdaugh is asking for $160,000 to be transferred from a dedicated “Receivers” account to Murdaugh’s lawyers. The Receivers account is funded by what remains of Murdaugh’s liquidated 401(k) retirement account: some $425,000 is left in the account after $600,000 was initially withdrawn to cover Murdaugh’s defense at his murder trial, according to the court filing.\n\nThe motion says that Murdaugh’s funds from the retirement account have been “exhausted,” and that he has a Sixth Amendment right to hire the lawyer he wants to represent him on appeal, and is asking that the money be released.\n\n“A defendant’s right to counsel of his choice, whom the defendant can afford to hire with ‘innocent’ property, is a fundamental constitutional right,” the motion says, appearing to offer little more than the fact that the funds are from Murdaugh’s retirement account as proof that the property is “innocent.” Murdaugh’s lawyer also implies that additional legitimate funds have been put into the “Receivers” account, although the brief is thin on details.\n\n“These funds are legitimate, untainted funds,” the motion says. “Furthermore, the undersigned is informed and believes that there are additional funds that have been deposited into the Receivers’ escrow account that do not represent the proceeds from illegal activities.”\n\nThe motion also argues that requiring Murdaugh to rely on a public defender for his appeal would further weigh down a system that is already overwhelmed with trying to assist “truly indigent” clients.\n\nBamberg doesn’t buy it.\n\n“Alex Murdaugh should NOT be entitled to deprive his financial victims of the limited amount of funds available — not a single penny, Bitcoin, Dogecoin, or anything else of value — so he can continue trying to get or keep himself out of prison,” Bamberg wrote in a note posted to Twitter on Wednesday.\n\nAccording to Bamberg, Murdaugh’s money cannot be separated from his criminality.\n\n“None of Alex’s money is ‘untainted’ in my opinion based on his admissions during his murder trial,” Bamberg wrote.\n\nBamberg says that there is no way Murdaugh’s retirement funds are “legitimate” because “an obvious contributing factor to his ability to even put that kind of money away over the course of his legal career was the simple fact he was actively stealing MILLIONS from clients and using that stolen money to pay for stuff he desired instead of relying solely on any legitimately earned income\\[.\\]”\n\nBamberg notes that Murdaugh had years to compile his ill-gotten gains, including from funds that were supposed to go to his clients.\n\n“He was paid a six-figure salary by his former law firm, earned credit for legal fees the firm received on cases that he stole money on, got credit for those fees and in turn, he received an annual bonus on those fees despite his unconscionable lying, backstabbing, and cheating his clients out of money these people LITERALLY cried, bled, had surgery or suffered through a funeral to get,” Bamberg said. “Absolutely hell no. That’s not right.”\n\nBamberg said that Murdaugh should be required to “apply for a public defender just like ANYBODY ELSE WITH NO REAL MONEY FOR A LAWYER is forced to do EVERY SINGLE DAY in this world — including most of the people prosecuted by his own family when they were Solicitor over the last 100 years.”\n\nMark Tinsley, who represents Beach, told Law&Crime that the court will ultimately decide what happens with the money, but indicated that the transfer of funds is beyond what was originally agreed.\n\n“When Alex’s lawyers asked us to agree to the liquidation of the 401k account, it was based on the offer of a certain sum coming back into the receiver account fund for the victims,” Tinsley said in an email. “They knew or should have known how much their costs were going to be. The fact that they were wrong or spent unwisely or whatever the case may be is not a material change in circumstances that would warrant the court undoing its prior order or that would warrant setting aside the agreement of the parties as it relates to allowing the funds from the 401k to be received by Alex’s counsel.”\n\nBamberg did not immediately respond to Law&Crime’s request as to when he expects to file his objection.\n\nFollowing his conviction, Murdaugh was ordered to serve [two consecutive life sentences](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/live-alex-murdaugh-will-be-sentenced-on-double-murder-convictions-day-27/) by [Judge Clifton Newman](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/judge-tells-alex-murdaugh-his-legal-dynasty-sent-people-to-die-for-less-before-sentencing-him-to-prison-forever/), who noted that the lawyer-turned-convicted-murderer now faces the same fate as those who he had previously prosecuted.\n\nMurdaugh is [appealing the conviction](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaughs-attorney-furious-about-sheriffs-office-releasing-attorney-client-privileged-jailhouse-phone-call-absolutely-talking-about-trial-strategy/).', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/', '1203noo', [['u/Q-that', 15, '2023-03-24 01:52', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfk0k8/', 'I believe I have solved the motive question. The Primary motive and end game was for AM to die like his Grand Father and for Buster to continue to carry on the family legacy of being a lawyer. His lineage was so ingrained in him he could not conceive or allow the lineage to end or be broken. It was his duty to ensure Buster flourished and that means he needed $$$$. Lots of it. After getting caught swindling his law firm the jig was up. He had no choice but to take out MM who was about to hire a divorce attorney and PM who was going to cost him millions… in Alex’s mind he was at the end of his rope. He would buy enough time for himself to attempt to pull off the cowardly roadside shooting which would’ve set up Buster but ultimately AM’s cowardice prevailed and he crash and burned. This explains the calls to BM trying to get him back in school. Etc. it’s logical and makes sense.', '1203noo'], ['u/lilly_kilgore', 15, '2023-03-24 02:42', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfqrmb/', "But the life insurance policy didn't exist...", '1203noo'], ['u/Beneficial_Mirror_45', 46, '2023-03-24 02:49', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/120...
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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27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22
|
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:**
['While Bitcoin’s price hasrecoveredsince its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market.\nThe closure of Silvergate’s SEN and Signature’s Signet network in early March has exposed the crypto market to low liquidity risks.\n“Liquidity is king,” an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency.\nPoor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades.\nKaiko’s head of research Clara Medalie toldDecryptthat the current situation is “pretty dangerous” and could manifest in massive price volatility in both directions.\n"A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,” said Medalie. “The moment buy pressure subsides, anything can happen to price."\nThe liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate’s SEN network wasclosed, as identified in Kaiko’s latest researchnote.\nThe 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market.\nThe market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that “we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.”\nThe liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase’s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March.\nSlippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual.\nGrowing List of Crypto Companies Cutting Silvergate Ties\nThe most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended itszero-free program.\nAs a result, the pair’s liquidity depleted by 70% as market makers moved to greener pastures.\nThese conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment.\nThe market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on centralized exchanges rising from a 77% share of volumes to 95% in just over a year.\nThe trend accelerated swiftly after the closure of crypto banking networks.\nWhile shifting to stablecoin trading pairs does not create an issue for medium to small-scale investors, it can become a problem for more sophisticated traders.\nMedalie explained that USD networks are essential to traders, who are required to settle their traders daily.\n"Stablecoins are not ideal from a risk management perspective, especially to settle at the end of the day or week,” she said. “But if banks close and don\'t process transactions, then stablecoins are the next best alternative."', 'While Bitcoin\x92s price has recovered since its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market. The closure of Silvergate\x92s SEN and Signature\x92s Signet network in early March has exposed the crypto market to low liquidity risks. \x93Liquidity is king,\x94 an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency. Poor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades. Kaiko\x92s head of research Clara Medalie told Decrypt that the current situation is \x93pretty dangerous\x94 and could manifest in massive price volatility in both directions. "A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,\x94 said Medalie. \x93The moment buy pressure subsides, anything can happen to price." Crypto\x92s liquidity crisis The liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate\x92s SEN network was closed , as identified in Kaiko\x92s latest research note . The 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market. The market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that \x93we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.\x94 BTC and ETH 1% market depth in March 2023. Source: Kaiko . The liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase\x92s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March. Story continues Slippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual. Growing List of Crypto Companies Cutting Silvergate Ties The most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended its zero-free program . As a result, the pair\x92s liquidity depleted by 70% as market makers moved to greener pastures. These conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment. The need for fiat on-ramps The market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on centralized exchanges rising from a 77% share of volumes to 95% in just over a year. The trend accelerated swiftly after the closure of crypto banking networks. Stablecoin market share (blue) in March 2023. Source: Kaiko . While shifting to stablecoin trading pairs does not create an issue for medium to small-scale investors, it can become a problem for more sophisticated traders. Medalie explained that USD networks are essential to traders, who are required to settle their traders daily. "Stablecoins are not ideal from a risk management perspective, especially to settle at the end of the day or week,\x94 she said. \x93But if banks close and don\'t process transactions, then stablecoins are the next best alternative."', 'While Bitcoin’s price hasrecoveredsince its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market.\nThe closure of Silvergate’s SEN and Signature’s Signet network in early March has exposed the crypto market to low liquidity risks.\n“Liquidity is king,” an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency.\nPoor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades.\nKaiko’s head of research Clara Medalie toldDecryptthat the current situation is “pretty dangerous” and could manifest in massive price volatility in both directions.\n"A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,” said Medalie. “The moment buy pressure subsides, anything can happen to price."\nThe liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate’s SEN network wasclosed, as identified in Kaiko’s latest researchnote.\nThe 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market.\nThe market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that “we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.”\nThe liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase’s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March.\nSlippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual.\nGrowing List of Crypto Companies Cutting Silvergate Ties\nThe most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended itszero-free program.\nAs a result, the pair’s liquidity depleted by 70% as market makers moved to greener pastures.\nThese conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment.\nThe market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on
**Last 60 Days of Bitcoin's Closing Prices:**
[22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-25
**Financial & Commodity Data:**
- Gold Closing Price: $1982.10
- Crude Oil Closing Price: $69.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $529,907,550,900
- Hash Rate: 337646718.49692744
- Transaction Count: 290197.0
- Unique Addresses: 659846.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Warren Buffett says he doesn’t own bitcoin because ‘it isn’t going to do anything’ — he’d rather own these 2 highly coveted and productive assets instead Despite its recent turbulence, bitcoin has soared by more than 95% over the past five years. But while the world’s largest crypto coin has clearly hit the mainstream, one prominent investor remains critical of the opportunity: Warren Buffett. Don't miss Goldman Sachs says bitcoin is not investable — put your money in this asset for more stable returns Centibillionaire Jeff Bezos says not to waste your money on a new car or household purchase: invest in these 3 better recession-proof buys instead Collect fat passive income every quarter as the landlord of Walmart, Whole Foods and CVS — you’ll barely need to work for it At the Berkshire Hathaway annual shareholders meeting last year, Buffett said that while he doesn’t know whether bitcoin will go up or down going forward, he’s pretty sure that “it doesn't produce anything.” And that’s why the Oracle of Omaha doesn’t own the asset. “If you told me you own all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it?” he asks. “I’d have to sell it back to you one way or another. It isn’t going to do anything.” To put that in perspective, bitcoin was trading at around $38,000 a piece when Buffett made those comments. Now, the cryptocurrency has fallen to $21,700. While criticizing bitcoin, Buffett touched on two assets that he would buy if given the opportunity. Farmland Agriculture and bitcoin don’t have much in common. Bitcoin was created in 2009 while agricultural communities began to form about 10,000 years ago. Buffett isn’t known for being an agricultural investor, but he sees value in an asset class that’s critical to the sector — farmland. His point is if you buy farmland, you hold a tangible asset that produces food. “If you said, for a 1% interest in all the farmland in the United States, pay our group $25 billion, I’ll write you a check this afternoon,” Buffett says. Of course, you don’t need to have $25 billion to invest in U.S. farmland. Publicly traded real estate investment trusts — that specialize in owning farms — allow you to do it with as little money as you’re willing to spend. Story continues Gladstone Land (LAND), for instance, owns 169 farms totaling 115,000 acres. It pays monthly distributions of $0.0458 per share, giving the stock an annual dividend yield of 2.8%. Read more: Grow your hard-earned cash without the shaky stock market with these 3 easy alternatives Then there’s Farmland Partners (FPI), a REIT with a farmland portfolio of 190,000 acres and an annual dividend yield of 1.9%. Plus, online crowdfunding platforms allow you to buy pieces of real estate , including farmland. With inflation running hot, the prices of agricultural commodities including corn and soybeans are soaring to new highs . Apartments Apartment buildings are another asset that Buffett wouldn’t mind owning at the right price. “[If] you offer me 1% of all the apartment houses in the country and you want another $25 billion, I’ll write you a check. It’s very simple,” the legendary investor says. Whether the economy is booming or in a recession, people need a place to live. And with real estate prices rising to unaffordable levels in many parts of the country, renting has become the only option for many people. You can always buy an apartment building yourself, find tenants and collect the monthly rent checks. Of course, apartment-focused REITs can do that for you. For instance, Camden Property Trust (CPT) owns, manages, develops and acquires multifamily apartment communities. It has investments in 171 properties containing 58,433 apartment units across the U.S. and offers an annual dividend yield of 3.1%. Essex Property Trust (ESS) invests in apartments primarily on the West Coast. The REIT currently yields 4.1%, backed by its ownership interest in 253 apartment communities — in California and Seattle — totaling approximately 62,000 units. The bottom line Buffett prefers farmland and apartment buildings to bitcoin for a very simple reason: They produce something. “The apartments are going to produce rent, and the farms are going to produce food.” Bitcoin boasts exciting long-term upside potential. But for risk-averse investors who’d like to sidestep as much volatility as possible , sticking to productive assets is a prudent idea. A better way to buy property? Of course, REITs aren't the only way to easily invest in real estate. Amid hot inflation and the uncertain economy, moguls are still finding ways to effectively invest their millions outside of the stock market. Prime commercial real estate has outperformed the S&P 500 over a 25-year period. With the help of new platforms , these kinds of opportunities are now available to retail investors. Not just the ultra rich. With a single investment, investors can own institutional-quality properties leased by brands like CVS, Kroger and Walmart — and collect stable grocery store-anchored income on a quarterly basis. This article provides information only and should not be construed as advice. It is provided without warranty of any kind....
- Reddit Posts (Sample): [['u/No_Concentrate2892', 'Which kind of situation will force you to sell?', 14, '2023-03-25 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/', 'People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/', '1215ihi', [['u/IAmNocturneAMA', 13, '2023-03-25 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/jdkfxkk/', 'Banks collapsing got me scared, but seeing how things turned out post-2008 makes me want to triple-down, do some OT and buy buy buy.', '1215ihi'], ['u/Usual-Locksmith4657', 16, '2023-03-25 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/jdkg6qu/', 'Having made enough money to pay for the rest of my life and live comfortably without having to work again', '1215ihi']]], ['u/Laure95', 'The URGENT need for easy P2P Bitcoin transactions in ARGENTINA', 34, '2023-03-25 02:17', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/', "Hi everyone!\n\nI'll start of by saying that i'm not a Bitcoin expert in any way, shape or form. I'm just a worried citizen looking for help.\n\nI live in ARGENTINA, a beautiful country with an inflation rate of about 100% per year. Our government insists that we use their currency, but it's becoming increasingly difficult to rely on it as a means of exchange. As a result, more and more people are turning to save their money in other coins as a way to protect their savings from inflation. We're on or way of becoming another Venezuela.\n\nThe problem is that it's not easy to buy Bitcoin in Argentina. There are few exchanges that allow us to purchase Bitcoin with our local currency, but very fewer that let us do it in a peer-to-peer manner. This makes it incredibly hard for us to access a valuable financial asset that could help us in being capable of saving money.\n\nI need to emphasize that the situation in Argentina is very different from that in first-world countries. Here, the government pays close attention to every financial transaction that its citizens make, and we have a set amount of money that we can spend outside our country. As a result, using centralized exchanges to buy Bitcoin is not an option for many of us. We need a P2P solution that allows us to buy Bitcoin in a way that is safe, easy, and private, but most importantly: LOCAL.\n\nThe lack of easy and accessible P2P Bitcoin transactions is a significant barrier to achieving mass adoption in Argentina. Many people in our country are not tech-savvy, and even more are fearful of government control and taxes. Centralized exchanges can leave a trail of financial transactions that could be subject to government scrutiny and taxation. P2P transactions offer a way to buy and sell Bitcoin anonymously, which could help protect citizens from government surveillance and taxation. By creating a user-friendly platform for P2P Bitcoin transactions, we could help make cryptocurrencies accessible to everyone in Argentina, regardless of their level of technical expertise, and provide a way to protect their wealth from inflation. Or maybe it already exists and it's not well known. I've been searching and i didn't find any.\n\nI believe that P2P Bitcoin transactions are crucial for the financial well-being of the people of Argentina. It's time for us to come together and create a platform that allows us to buy and sell Bitcoin in a way that works for us. We need a system that is relatively easy to use, secure, and anonymous. Only then can we truly protect our wealth and build a better future for ourselves and our families.\n\nThank you for taking the time to read this. I hope that we can work together to make P2P Bitcoin transactions a reality in Argentina.", 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/', '1215tzk', [['u/Laure95', 13, '2023-03-25 03:02', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdkmvsd/', "Man, i really doubted about making this post because i was sure i was only gonna get this kind of answers that skip the whole point and go straight to the FAQ answers...\n\nI know aprox how bitcoin works, i have a wallet, i have a cold wallet, i own btc. \n\nWhat i'm saying is that it really is NOT EASY to access P2P transactions.\n\nAnyways, thanks for trying to help.", '1215tzk'], ['u/zfride', 11, '2023-03-25 03:17', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdkoons/', 'Is RoboSats or Bisq available in Argentina?', '1215tzk'], ['u/fernandu00', 10, '2023-03-25 10:28', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdlpjja/', "I understand your pain.. I. Live in Brazil and I think we are going to the same path regarding inflation with the new president..\nHave you tried hodl hodl? I used last month and it was great! I checked the site before writing this and there was 1 offer with ARS but the minimum amount is 10000 ARS.. It's a p2p no kyc way to buy your btc.. I think you should give it a try.. Saludos desde Brasil", '1215tzk']]], ['u/escodelrio', 'Bitcoin Just Dropped a New Album', 98, '2023-03-25 04:59', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/', '&#x200B;\n\nhttps://preview.redd.it/vlxmwxeq6tpa1.jpg?width=1280&format=pjpg&auto=webp&v=enabled&s=0573b4104c81801251f56204e74102bafdf7a99c', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/', '1219uvp', [['u/benditbackwards', 12, '2023-03-25 05:54', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/jdl5nyl/', 'that is fricking awesome! Will they be going on tour!?? \nHow about Bitcoin 2023 in Miami?? \nAny chance they will be making an appearance??', '1219uvp']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, March 25, 2023', 32, '2023-03-25 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/', '1219w75', [['u/Essexal', 12, '2023-03-25 05:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdl3t9y/', 'Sometimes, the universe talks to you.\n\nhttps://www.reddit.com/r/ATBGE/comments/120nkpl/literal_garbage_fiat/?utm_source=share&utm_medium=ios_app&utm_name=iossmf', '1219w75'], ['u/cousin_brian', 12, '2023-03-25 06:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdlb0pb/', 'Fiat is only good for strip clubs', '1219w75'], ['u/Ok_File_9520', 15, '2023-03-25 15:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmii79/', 'No post in 10 hours?', '1219w75'], ['u/sevcapital', 13, '2023-03-25 16:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmo8nj/', 'buy now and sell when no post in ten minutes seems long', '1219w75'], ['u/gozunker', 19, '2023-03-25 16:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmroi3/', 'Enjoy the weekend. Only in the market are weekends fake. Go enjoy the real weekend, I’ll catch y’all here again on Monday as a new thrilling week in the world of Bitcoin begins.\n\nJust kidding, I’ll probably be back checking for new posts in like an hour. But enjoy the weekend nonetheless.', '1219w75'], ['u/Essexal', 10, '2023-03-25 18:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdn3u09/', 'Seeing as it’s silent in here.\n\n~45 hours until US opens, price currently 27.6k.\n\nWho thinks we are above this price at open, and who thinks we are below\n\nThank you please.', '1219w75'], ['u/Autvin', 10, '2023-03-25 19:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdnbh0r/', 'Here I’m sitting and trying to figure out for a moment what tennis has to do with bitcoin.', '1219w75']]], ['u/rBitcoinMod', 'Daily Discussion, March 25, 2023', 41, '2023-03-25 07:07', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/', "Please utilize this sticky thread for all general ...
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.
|
27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['• Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis, an analyst told Insider.\n• The cryptocurrency has surged nearly 40% since early March when SVB\'s collapse unleashed mayhem in the banking system.\n• Here\'s 3 reasons why bitcoin is reigning supreme in a time of financial-sector turbulence.\nBanks are imploding, the traditional financial system is on wobbly ground, and fears of a2008-style crisis have come into play.\nThat\'s good news for some.\nAs global markets still recover from the shock of this month\'s US bank collapses – Silvergate Capital,Silicon Valley Bank, Signature Bank – and a government-backed rescue of Credit Suisse in Europe, bitcoin has come out on top.\nThe world\'s largest cryptocurrency is enjoying its best quarter in two years, soaring almost 70% since end-December and hitting a nine-month high just shy of $29,000 last week. It has jumped almost 40% since early March when the banking crisis erupted, riding digital assets\' image as a futuristic alternative to traditional finance.\n"This is a watershed moment in bitcoin\'s history and adoption is likely to accelerate from here, particularly if it continues to decouple from financial markets and prove its resiliency in times of market stress," Lucy Gazmararian, crypto expert and founder of Token Bay Capital told Insider.\nThe rally comes after a painful 2022, which saw bitcoin lose almost two-thirds of its value as theFederal Reserve\'s aggressive interest rate hikes, recession fears, and more recently, the shocking failure of industry darling FTX all undermined investor sentiment.\nFor many crypto enthusiasts, the surge in digital assets at a time of turmoil for other financial assets is a reason to gloat. "This is our time!! Let\'s go team$BTC!! [...] "The decentralized revolution is happening," said Galaxy Digital CEO Mike Novogratz in a tweet.\nBut of course, not everyone is on the same page. Wharton professorJeremy Siegelsaid the rally in bitcoin is set to fizzle out once people start trusting banks again.\nAll this is to ask in the first place: Why is bitcoin shining in the middle of global banking turmoil?\nThe banking crisis has triggered panic and mistrust among investors about the broader financial system. That\'s because it\'s revealed that the money people deposit in banks is the institution\'s money as much as their own.\nBanks use customer deposits to extend loans or invest in yielding assets like bonds. But such investments can end in losses, as was the case with Silicon Valley Bank\'sbond portfolio. That has made depositors nervous about the safety of their money – should their bank\'s transactions prove unsuccessful.\nThat\'s where bitcoin\'s benefits come in. The cryptocurrency is adecentralized asset, meaning it\'s not controlled by an external body. And from that rises its appeal as a safer asset in times of banking stress, when the financial system is prone to counterparty risk.\n"We are likely to see increased institutional interest in the asset given its "safe haven" status during times of market stress," Gazmararian said.\nThe recent financial turmoil has renewed investor hopes that the Fed will ease up on its monetary policy, especially because some of the bank collapses stemmed from the aggressive rate hikes of the past year.\nThose expectations were vindicated at the central bank\'sWednesday meeting, when policymakers raised the benchmark rate by 25 basis points instead of 50 basis points traders expected at the start of March. Fed chair Jerome Powell also acknowledged that if credit flows slow across the broader financial system as a fallout of the banking turbulence, then the central bank may not have to be so tight with its monetary policy.\nLenders have been making it harder for borrowers to access credit amid the global banking panic, which has a similar effect on economic activity as an increase in interest rates – effectively banks are doing the Fed policymakers\' job for them.\nShould the central bank opt to loosen its policy, that would be positive for crypto assets. Monetary easing means lower borrowing costs - and that would give investors more disposable funds to plow into risky assets such as bitcoin and stocks.\nIn the wake of the recent financial-sector turbulence, the Fed has taken steps to pump more cash into the financial system in order to prevent more bank runs.\nFor example, it has created an emergency loan mechanism dubbed the Bank Term Funding Program that will allow banks to raise cash by putting up their bond holdings as collateral.\nThat too works in bitcoin\'s favor - an increase in financial liquidity can add to the appeal of digital assets that are limited in supply, relative to traditional fiat currencies like the US dollar. As the law of supply and demand commands, adding money to the financial system reduces the dollar\'s value simply because it becomes more easily available.\nBitcoin\'s supply is finite. There will only be 21 million bitcoins in existence once the last one is mined 118 years from now – meaning it is less likely to fall in value by central bank manipulation.\nRead the original article onBusiness Insider', 'Bitcoin has risen nearly 40% since early March when SVB collapsed. Yuichiro Chino Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis, an analyst told Insider. The cryptocurrency has surged nearly 40% since early March when SVB\'s collapse unleashed mayhem in the banking system. Here\'s 3 reasons why bitcoin is reigning supreme in a time of financial-sector turbulence. Banks are imploding, the traditional financial system is on wobbly ground, and fears of a 2008-style crisis have come into play . That\'s good news for some. As global markets still recover from the shock of this month\'s US bank collapses \x96 Silvergate Capital, Silicon Valley Bank , Signature Bank \x96 and a government-backed rescue of Credit Suisse in Europe, bitcoin has come out on top. The world\'s largest cryptocurrency is enjoying its best quarter in two years, soaring almost 70% since end-December and hitting a nine-month high just shy of $29,000 last week. It has jumped almost 40% since early March when the banking crisis erupted, riding digital assets\' image as a futuristic alternative to traditional finance. "This is a watershed moment in bitcoin\'s history and adoption is likely to accelerate from here, particularly if it continues to decouple from financial markets and prove its resiliency in times of market stress," Lucy Gazmararian, crypto expert and founder of Token Bay Capital told Insider. The rally comes after a painful 2022, which saw bitcoin lose almost two-thirds of its value as the Federal Reserve\'s aggressive interest rate hikes , recession fears, and more recently, the shocking failure of industry darling FTX all undermined investor sentiment. For many crypto enthusiasts, the surge in digital assets at a time of turmoil for other financial assets is a reason to gloat. "This is our time!! Let\'s go team $BTC !! [...] "The decentralized revolution is happening," said Galaxy Digital CEO Mike Novogratz in a tweet. But of course, not everyone is on the same page. Wharton professor Jeremy Siegel said the rally in bitcoin is set to fizzle out once people start trusting banks again. Story continues All this is to ask in the first place: Why is bitcoin shining in the middle of global banking turmoil? Safety from banking stress The banking crisis has triggered panic and mistrust among investors about the broader financial system. That\'s because it\'s revealed that the money people deposit in banks is the institution\'s money as much as their own. Banks use customer deposits to extend loans or invest in yielding assets like bonds. But such investments can end in losses, as was the case with Silicon Valley Bank\'s bond portfolio . That has made depositors nervous about the safety of their money \x96 should their bank\'s transactions prove unsuccessful. That\'s where bitcoin\'s benefits come in. The cryptocurrency is a decentralized asset , meaning it\'s not controlled by an external body. And from that rises its appeal as a safer asset in times of banking stress, when the financial system is prone to counterparty risk. "We are likely to see increased institutional interest in the asset given its "safe haven" status during times of market stress," Gazmararian said. Interest-rate outlook The recent financial turmoil has renewed investor hopes that the Fed will ease up on its monetary policy, especially because some of the bank collapses stemmed from the aggressive rate hikes of the past year. Those expectations were vindicated at the central bank\'s Wednesday meeting , when policymakers raised the benchmark rate by 25 basis points instead of 50 basis points traders expected at the start of March. Fed chair Jerome Powell also acknowledged that if credit flows slow across the broader financial system as a fallout of the banking turbulence, then the central bank may not have to be so tight with its monetary policy. Lenders have been making it harder for borrowers to access credit amid the global banking panic, which has a similar effect on economic activity as an increase in interest rates \x96 effectively banks are doing the Fed policymakers\' job for them. Should the central bank opt to loosen its policy, that would be positive for crypto assets. Monetary easing means lower borrowing costs - and that would give investors more disposable funds to plow into risky assets such as bitcoin and stocks. More cash in the financial system In the wake of the recent financial-sector turbulence, the Fed has taken steps to pump more cash into the financial system in order to prevent more bank runs. For example, it has created an emergency loan mechanism dubbed the Bank Term Funding Program that will allow banks to raise cash by putting up their bond holdings as collateral. That too works in bitcoin\'s favor - an increase in financial liquidity
**Last 60 Days of Bitcoin's Closing Prices:**
[23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-26
**Financial & Commodity Data:**
- Gold Closing Price: $1982.10
- Crude Oil Closing Price: $69.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $532,093,244,162
- Hash Rate: 335318120.4383279
- Transaction Count: 261243.0
- Unique Addresses: 594775.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Casey Rodarmortweeted that “Inscriptions are finally ready for Bitcoin mainnet” on Jan. 20, and the use of inscriptions the last two weeks sparked a big hullabaloo on Twitter between some of Bitcoin’s partisan factions.
The hullabaloo included a number of different claims:
1. That Bitcoin’s security budget problemwas accidently solved. So we wouldn’t have to worry that there would be no financial incentive to mine bitcoin in the future once the fixed supply runs out. Maybe transaction fees will be enough to incentivize miners?
2. Inscriptions would lead to blockchain spam and graffiti so uncontrollable that we are eventuallyengulfed by gray goo.
3. All these non-fungible tokens (NFT) and such on Bitcoin is just another silly fad, likecolored coins.
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 fullnewsletter here.
Rodarmor’s flint rock tweet referred to theOrdinal protocol, which introduced inscriptions to Bitcoin. The Ordinal protocol assigns each satoshi, or sat (the smallest unit of bitcoin), a sequential number. It’s a little bit more complicated than that, but only a little. Once these sats are numbered and identified, users can inscribe the sat with arbitrary data, as long as the transaction doesn’t exceed the 4-megabyte (MB) block size limit. That arbitrary data can be anything!
Afully playable versionof the first-person shooter DOOM? Sure.
A picture of aBored Ape cross-pollinated with a CryptoPunk? Fine.
A bald, sunglasses-donningTaproot Wizardre-creation of the famous MSPaint-spawnedMagic Internet Money Wizardthat once served as an advertisement for the /r/Bitcoin subreddit that takes up almost the entirety of a Bitcoin block? Sure. Fine. But why?
Why not?
If you’re thinking: “That sounds a lot like NFTs” you’re right. They do sounda lot like NFTs. Ordinal NFTs is a good term – and it’s the term I’ll stick with – but out of respect for the sensitivities of hardline bitcoiners and in the interest of being as technically correct as possible, these are probably better characterized as “artifacts.” To be sure, external links to arbitrary data have been shared in the data field of Bitcoin transactions many times. Inscriptions take it a step further so that the linked data actually exists on the blockchain.
For those lucky enough to be unfamiliar with the politics of Crypto Twitter, you should know this has stirred up a fiery controversy. There are many Bitcoin influencer types who have staked a meaningful part of their reputations on hating NFTs – as they’re a distraction andtechnologically unsound– so Ordinal NFTs haven’t been a hit with them. To their credit, no matter how much crypto pluralists have bashed Bitcoin for being a pet rock project that only does peer-to-peer, borderless, censorship-resistant transactions in a decentralized manner, being very good at that is, in fact, very good.
Expanding too far afield from that use case, which Ordinal NFTs certainly should be characterized as, could be detrimental to that use case. But that argument’s central point is more philosophical than practical.
Practically, the strictest interpretation of the Bitcoin ethos would be that it doesn’t matter what someone does with their bitcoin so long as it abides by the rules of Bitcoin's software. If I want to waste my bitcoin on coffee then some other user is free to waste it on an Ordinal NFT. The conversation should end almost immediately thereafter.
That said, there are at least two small areas of potential concern: 1) illegal data and 2) chain bloat.
On the first, inscriptions could allow illegal data to become a part of the Bitcoin blockchain – like thelinks to illegal pornographythat already exist on the blockchain, but in a more permanent way. This is an obviously terrible potential consequence of Ordinal NFTs, but there is some comfort in that there’s a technical requirement requiring a special off-chain agreement with a miner to inscribe data in excess of 1 MB. Furthermore, the Bitcoin blockchain is transparent, so the inclusion of this type of media would be met with swift investigation and punishment.
On the second, inscriptions have led to almost completely full 4-MB Bitcoin blocks. This is abnormal. Most Bitcoin blocks have not been close to the size limit. Some worry that the influx of large blocks will make it more difficult for new node participants to start up due to the immense amount of data that will accumulate over time and bloat the chain with superfluous data. This was the central battle in 2017 during theBlocksize Warsthat led to the creation ofBitcoin Cash(which has higher blocksize limits than Bitcoin) and consequentlySegregated Witness (SegWit) on Bitcoin, which, in combination with2021’s Taproot upgrade, made inscriptions possible.
Along with separating signatures from transactions – in a witness data field that can include other arbitrary data if desired – SegWit introduced the block weight, which allows more transactions to be included in the 4-MB block by theoretically discounting the size of witness data. AndTaproot made it easierto include even more data in the witness.
Everything is delicately tied together – and this is one of the reasons I think the risk of chain bloat is overblown. Since inscription data is witness data, it can bepruned, in that it’stechnically possibleto run Bitcoin softwarewithout downloading all the historical witness data. In non-technical speak, this is good because users are putting a bigger proportion of new data into a Bitcoin transaction in a spot where it slows everyone down as little as possible.
The other is that hardware gets better and cheaper over time, so even though Bitcoin’s blockchain will continue to grow in size as long as it is used, the nodes will simply capture more processing power. Such is life as a transparent, decentralized ledger.
But where the discussion of Ordinal NFT’s consequences becomes far more interesting is how these now mostly full blocks might affect Bitcoin’s transaction fee market for blockspace.
Bitcoin miners make money by validating transactions in exchange for transaction fees and ablock subsidy, which is the new bitcoin mined after each block is mined. Transaction fee rates are quoted in sat/vB, which means that the more data a transaction includes the larger the fee. There is interesting game theory at play as users are the ones who propose the fee rate to miners and blockspace is scarce due to the 4-MB size limit.
Some users opt to only propose transactions at 1 sat/vB, the lowest fee rate. For those users, it could take a while for their transactions to complete if there are lots of other users trying to do transactions. And they could theoretically never be completed since miners tend to validate transactions with higher fee rates.
With this mechanism in mind, and the fact that Bitcoin blocks weren’t really ever full until inscriptions came along, it’s probably unsurprising to read that making an Ordinal NFT is usually more expensive than a regular Bitcoin transaction. Pictures take up a lot of space especially compared to plain text.
Here’s how it could be good for Bitcoin and its security budget.
More transactions should mean more fees. Blocks full of transactions are better than blocks not full of transactions – not to mention the empty blocks (which does happen). It almost goes without saying, but a more robust transaction fee market is good for the Bitcoin network. It’s good for any financial network. Right now, miners make almost all of their money from the block subsidy, but thesubsidy will go away eventuallyleaving only transaction fees. So for Bitcoin to survive in the long term, a robust transaction fee market needs to take hold.
To that, a potential best-case scenario for the longevity of Ordinal NFTs is that they act as a buyer of last resort for blockspace. Since Ordinal NFTs are unusually large transactions, they will almost always be more expensive than normal peer-to-peer Bitcoin transactions on a per-transaction basis even if they have low fee rates. As such, there’s a chance a user who wants an Ordinal NFT might be willing to wait longer to save money by paying a lower fee rate. Then these transactions will only be included in blocks when market fee rates are comparatively low and block space is abundant.
Where that may fall apart is the potential that users don’t actually start paying a higher fee rate for peer-to-peer bitcoin financial transactions than Ordinal NFT transactions. Maybe then almost all blocks will only include Ordinal NFTs and no other types of transactions forever. I think that’s unlikely but it could happen.
As for what that means for the direction of transaction fees, Luxor’s head of content,Colin Harper(a former CoinDesker), putit well in a recent article:
There’s a good chance that ordinal NFTs alone do not increase transaction fees. Well, they could increase fees, but not in the way you might think. After all, they benefit from the SegWit data discount, so theoretically a block full of digital artifacts would actually carry fewer fees than one filled entirely with ordinary Bitcoin transactions.
I think this is spot-on and it’s how I am thinking about this until we have more empirical evidence to consider.
Sure Ordinal NFTs are fun-ish, but at the risk of sounding pompous they are so much less consequential than bitcoin’s best use case of peer-to-peer, borderless, censorship-resistant money. In all, my take is that Ordinal NFTs will be at its very best a means to strengthen the Bitcoin transaction fee market and at worst a spectacular fad that fades away with no wider negative consequences for Bitcoin.
It will at the very least be interesting to see where this takes us.
Never a dull day....
- Reddit Posts (Sample): [['u/teeman4551', "Early 20's with 100k to Invest", 50, '2023-03-26 00:41', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/', " As the heading implies, I have a decent sum of money to invest for my age 22. Still live at home don't have to pay for food or rent and my car is paid off. Might seem a little unrealistic but would hope to retire from 9-5 life in my 30's with 2.5mill. 4% return on that is 100k and anything more I earn id just reinvest to keep that number growing. I listen to a lot of Bigger Pockets Podcasts and I'm leaning towards purchasing rentals. Relatively safe and not very hands on, with a property manager. I would appreciate your input on potential opportunities and not scared to put in sweat equity up front. I have done research into 401k, stocks, IRAs, and bonds and am not overly interested. Please treat the investment as you're own and recommend any innovative ideas that you may have researched or considered. This pursuit is in addition to my regular employment. Currently, I am also putting money away 401k as a safety net if I fail in life. I also have a couple thousand split between BTC, XRP and a few other smaller cryptos.\n\nTLDR - Wanna retire from 9-5 in my 30's with 2.5mill. Currently have 100k to invest.\n\n Any advice is greatly appreciated!", 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/', '1223lxa', [['u/yksvocap', 81, '2023-03-26 01:03', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdooawz/', 'Do whatever you did to get 100k by age 22…', '1223lxa'], ['u/Slight-Muffin5654', 20, '2023-03-26 01:42', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdotlnl/', 'Fuck you for being so ahead of the game. That said, great job. Not financial advice, however have you ever checked out the Bitcoin Rainbow Chart?\n\nIt’s not “passive income” tho, like owning a rental property or REITs or owning a turnkey franchise…', '1223lxa'], ['u/ManicSheogorath', 53, '2023-03-26 07:36', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdpqcjd/', 'So just live at your parents rent free, food free until 40', '1223lxa'], ['u/674_Fox', 25, '2023-03-26 07:53', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdprri3/', 'DO NOT use a property manager. Rentals are easy to run if you have a good systems and processes. \n\nBigger Pockets is biased. I would consider holding off on buying rentals right now. \n\nIf interest rates keep going up, you may see a softening in prices. The real money is not made in rent, it’s in appreciation and tax advantages.', '1223lxa'], ['u/Open_Bad827', 77, '2023-03-26 11:38', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdq7h5i/', "Make sure you remember to live a little whilst you're young", '1223lxa'], ['u/IAmCyper', 23, '2023-03-26 12:23', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqahg1/', 'How you get the 100k😂I’m 22 in 40k debt', '1223lxa'], ['u/DrBeepers', 29, '2023-03-26 14:04', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqicpi/', 'Best advice in the thread. You can’t put a dollar amount on life experiences.', '1223lxa'], ['u/jesseowens1233', 15, '2023-03-26 16:42', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqzwn0/', 'Most likely inheritance', '1223lxa'], ['u/brasscassette', 12, '2023-03-26 19:15', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdrl75g/', 'I have a rental property, now is not a good time to get into the market. Prices are inflated and mortgage rates are high. Beyond that, you need more than a down payment to buy a house. You’ll need a steady stream of income that can afford the mortgage on its own before you’ll even get approved for a loan. Not to mention, no matter what property you buy, you’ll need to do some minor renos even if it’s just paint and that’ll run up the bill as well. You’d also need to pay for as much of the house to be brought up to code as you can afford. There are lots of hidden fees to property ownership.', '1223lxa']]], ['u/lux--__--888', 'Why owning at least 2.1 bitcoins is a good idea', 141, '2023-03-26 00:49', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/', 'There can only be 21 million bitcoins, ever.\n\nThis is already underpredicted since there are individuals that own a lot of bitcoins and there are bitcoins lost in circulation already. Invest in a little day - no reason not to.', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/', '1223tcr', [['u/Flurb789', 32, '2023-03-26 01:10', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdop7v7/', "You're off by a 0", '1223tcr'], ['u/Flurb789', 25, '2023-03-26 01:11', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdopge4/', '21,000,000/2.1=10,000,000', '1223tcr'], ['u/RobsBitcoin', 202, '2023-03-26 01:20', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoqmmx/', 'Maybe everyone should get 2.2 just to be safe.', '1223tcr'], ['u/tabovilla', 10, '2023-03-26 01:21', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoqqly/', "the math and logic on this post is completely wrong/nonsensical.\n\nif there are 21m and you hold 2.1, means you're top 10 or 1 million of holders? what!?\n\nthe relation between holding 2.1btc and how much btc there'll be, has nothing to do with where you land in the top 100/1k/1m holders list, etc; there's a distribution curve but the relation is not linear arithmetics (21m / 2.1 = 10m, so?).", '1223tcr'], ['u/llllllllllllllll12', 21, '2023-03-26 01:31', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdos3sy/', 'Awe man this is embarrassing.', '1223tcr'], ['u/ricalamino', 16, '2023-03-26 01:41', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdotdmb/', '0.1 is a good idea.', '1223tcr'], ['u/Hank___Scorpio', 34, '2023-03-26 01:53', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdouxyr/', 'The only wrong number is 0.00000000.', '1223tcr'], ['u/Nazerys', 44, '2023-03-26 03:13', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoxfv0/', 'There’s no reason 2.1 btc should be a goal. Just buy what you can comfortably afford.', '1223tcr'], ['u/MasOlas619', 13, '2023-03-26 03:26', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoz33n/', 'It’s good to have goals in life!', '1223tcr'], ['u/Nimefax', 102, '2023-03-26 03:40', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp19ul/', 'So now being a wholecoiner is not enough? Now we need more than 2?', '1223tcr'], ['u/phamtruax', 101, '2023-03-26 04:18', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp5wxz/', '21 million to be created:\n1 million retained by satoshi\n1.7 million left to be mined\n1 million Conservative lost\n1 million in the hands of mining companies, other companies and etfs\n2 million owned by coinbase\n1 million owned by other exchanges\n\nTheres basically about 14 million in the wild', '1223tcr'], ['u/Quick-Raise8119', 430, '2023-03-26 04:19', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp61b1/', 'I’m trying just to get to .10 currently at.07', '1223tcr'], ['u/lux--__--888', 89, '2023-03-26 04:22', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp6dp4/', 'Good work', '1223tcr'], ['u/Quick-Raise8119', 23, '2023-03-26 04:23', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp6j7v/', 'Thank you', '1223tcr'], ['u/GodOfOdium', 22, '2023-03-26 04:33', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp7t6g/', 'LOL', '1223tcr'], ['u/cheese4brains', 58, '2023-03-26 04:44', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp92z2/', 'I respect anyone that holds any amount of sats with conviction. The trader that moves tens or hundreds of bitcoin means nothing to me. The pleb that holds their stack like life depends on it, now that’s someone I’d share a beer with.', '1223tcr'], ['u/anonidiot88', 140, '2023-03-26 04:44', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp95bs/', 'My goal is to have more tomorrow than I have today.', '1223tcr'], ['u/scabbymonkey', 68, '2023-03-26 05:06', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpbp5y/', 'So my conversation goes. Do I want my favorite $19.75 burrito? or do i want 71,499 sats.\nDo i need another 59.00 game or do i want 217,177 sats.\nCan I hold off on a new car till next year and save $600 month or do i want 2,172,132 sats?\n\nThis is how it goes. So Say We All.', '1223tcr'], ['u/dasgreybanana', 32, '2023-03-26 05:59', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdphcwd/', 'Stacking sats is the better than Pokemon. Gotta catch em all', '1223tcr'], ['u/PsychCrypto', 83, '2023-03-26 06:03', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdphr4u/', 'You greedy fuck', '1223tcr'], ['u/dubauoo', 29, '202...
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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27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98
|
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:**
['CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea, March 27, 2023 --( BUSINESS WIRE )-- Haru Invest , a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania. As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee, CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania. The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. View source version on businesswire.com: https://www.businesswire.com/news/home/20230326005036/en/ Contacts SHIFT Communications Darren Weiss [email protected]', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea, March 27, 2023 --( BUSINESS WIRE )-- Haru Invest , a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania. As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee, CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania. The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. View source version on businesswire.com: https://www.businesswire.com/news/home/20230326005036/en/ Contacts SHIFT Communications Darren Weiss [email protected]', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea , March 27, 2023 /PRNewswire/ -- Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania . As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. Haru Invest logo "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee , CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania . The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2.27 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications Darren Weiss [email protected] SOURCE Haru Invest', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea , March 27, 2023 /PRNewswire/ -- Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania . As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming
**Last 60 Days of Bitcoin's Closing Prices:**
[23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-27
**Financial & Commodity Data:**
- Gold Closing Price: $1952.40
- Crude Oil Closing Price: $72.81
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $540,271,167,975
- Hash Rate: 344632512.6727259
- Transaction Count: 296557.0
- Unique Addresses: 668827.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Geoffrey Smith Investing.com -- Crypto shudders as Silvergate shutters. Initial jobless claims and the Challenger job cuts survey flesh out the picture of the labor market. U.S. President Joe Biden will outline his administration's budget plans, including a raft of measures that would put downward pressure on stock prices. JPMorgan pins the blame on Jes Staley for being tarred by the Jeffrey Epstein affair, and Europe's natural gas prices fall to their lowest in over 18 months as the Freeport LNG plant gets the go-ahead to resume exports. Here's what you need to know in financial markets on Thursday, 9th March. 1. Crypto falls as Silvergate announces liquidation Cryptocurrencies fell, along with stocks exposed to the asset class, after Silvergate Capital (NYSE:SI) said it will wind down operations and return cash to depositors. Silvergate has been a key provider of banking services to crypto exchanges in the U.S. and it is far from clear how they will find anyone else to facilitate the transfer of money between the crypto and fiat currency universes. Bitcoin fell to its lowest in a month before recovering slightly to trade at $21,632 by 06:30 ET (11:30 GMT), while Ether, Cardano, and Solana all fell too. Other indicators suggested that crypto investors continued to pull their money out of the space, with the value of Binance USD's outstanding circulation falling to barely $8 billion – a drop of 50% in the last month - despite Binance saying that it has no exposure to Silvergate. 2. All not quite quiet on the labor market front The U.S. labor market remains front and center on Thursday after two reports on Wednesday that showed only patchy evidence of a cooling off. Initial claims for jobless benefits are expected to bump along below 200,000 again, while the Challenger Job Cuts survey is due an hour before that at 07:30 ET. On Wednesday, ADP's monthly survey of private hiring had come in well above expectations at 242,000 in February, while its wage tracker continued to show pay growth well above official estimates. The Labor Department, meanwhile, reported that job openings fell in January – but only from an upwardly revised 11.23 million, which was a nine-month high. Story continues 3. Stocks drift in post-Powell daze; JPMorgan tries to claw back $80M from Epstein associate Staley U.S. stock markets are set for a mixed opening, struggling to develop any momentum after Federal Reserve chair Jerome Powell's warnings of more rate hikes to come in two days of testimony on Capitol Hill. By 06:30 ET, Dow Jones futures were essentially flat, while S&P 500 futures were down 0.2% and Nasdaq 100 futures were down 0.5%. That's a mirror image of the big three cash indices' performance on Wednesday when the Nasdaq outperformed. Stocks likely to be in focus later include JPMorgan (NYSE:JPM), which is suing former private bank head Jes Staley for any damage it incurs from links to the deceased sex trafficker Jeffrey Epstein. JPMorgan is seeking $80M from Staley, his entire compensation between 2006-2013. ADRs in Barclays (NYSE:BCS), where Staley was CEO until November 2021, fell in premarket trading. Oracle (NYSE:ORCL), Ulta Beauty (NASDAQ:ULTA), DocuSign (NASDAQ:DOCU) and Gap (NYSE:GPS) all report earnings after the close 4. Biden to present budget plans U.S. President Joe Biden will lay out some $3 trillion of deficit-cutting measures in his administration's new budget plans, as his Democrat allies prepare for a showdown in Congress over the debt ceiling. Various reports indicated that Biden will renew his call for a tax on billionaires' wealth, as well as taxing stock buybacks and private equity's internal returns. Those measures have failed to gain any traction in previous initiatives, leaving cynics wondering whether the budget is not really just a stunt to profile Republican opponents as defenders of a small, wealthy minority. 5. European gas prices hit new low as Freeport LNG gets restart OK European natural gas fell to their lowest since the summer of 2021, after a major LNG plant in the U.S. received the all-clear from regulators to resume exports. Freeport LNG has been out of action for months while it repaired damage from a fire. That fire choked shipments to Europe at the peak of last year's energy scare. Front-month TTF futures, the reference price for northwest Europe, fell as low as €40.50 a megawatt-hour before bouncing to trade at €41.73/MWh by 06:45 ET, down 1.4% on the day. Elsewhere in energy, U.S. crude futures were up 0.1% at $76.75 a barrel, while Brent was up 0.1% at $82.77 a barrel. Related Articles Game over for Silvergate, labor data, JPMorgan sues Staley - what's moving markets Inflation scare over? The case for and against sticky inflation U.S. Chamber of Commerce calls for AI regulation...
- Reddit Posts (Sample): [['u/MoonbaseADA', 'Real Value in Flare is NOT its Price but in the Quantity Earned', 14, '2023-03-27 00:09', 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/', "Hey folks, you might want to take a look at MickeyB Fresh latest Youtube video. \n\nHis take is that the real value in Flare is not in its price but in the FTSO delegation and monthly distribution scheme that gives us that ever growing quantity for the next 3 years. What other blockchain gives you rewards every 3.5 days AND a significant monthy distributon based on the size of your stake?\n\nBut it doesn't end there. With our ever growing stake of Flare we can also do yield earning with current Dapps like Flare Finance, Oracle Swap, Pangolin and whatever others may become available.\n\nBut wait theres even more: we will also be getting an additional 2% staking rewards from the upcoming Flare FTSO-Validator mechanism.\n\nAnd finally we will have the F-Asset minting where rwe can use our ever growing Flare as collateral to mint legacy blue-chip cryptos and getting Flare rewards in return.\n\nIf the actual price of Flare does go up because of the next Bitcoin bullrun, than we will have that much more value for ALL the ever-growing Flare we have accrued in the next 3 years.\n\nLet me know your thoughts.", 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/', '1231ike', [['u/No_Relationship1450', 13, '2023-03-27 01:14', 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/jdsz6o5/', "Mr Fresh is far too invested in his FTSO and possibly other services that is reliant on FLR income to give him too much credit for what he says. He's been a massive shill since the very beginning. \n\nWhilst he's not wrong that price does not equal value, the real value is not rewards and airdrops etc. That's plain stupid. We all expect real value to come when the network can actually pull in real value from investors - and we're just not there yet. What good is flare finance et al if so few people use their services? Those services with their own token on the network which are essentially dropped from thin air are spreading investor capital thin and ultimately a suppressor of flr price as those tokens make an exit from the flare network. \n\nF-assets could be big but of course it caused quite the stir what the foundation did regarding that, so we don't know whether that will arrive or not and how successful it might be is anyone's guess. How big will that market be?\n\nYou've got to remember the defi space has been going on a couple years now and flare still hasn't made it to the party yet. There's other more established platforms that will be competition for flare. Yes, flare is a different system etc etc, but main function is similar though there are unique things it offers.", '1231ike']]], ['u/GaryMcsBaldPatch', 'I absolutely love this game!', 160, '2023-03-27 00:59', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/', "Started playing the game properly last Thursday and not since Fallout 3 has a game hooked me like Tarkov. I built a pretty high-spec, and first ever, gaming PC just before Christmas with Tarkov in mind. I played it a bit over Christmas but to be honest, I found it completely overwhelming and pretty brutal.\n\nDecided to give it another crack last week and now I'm absolutely hooked. I'm only at level 5 and have got my ass handed to me plenty but last night and today I finally managed to kill maybe 5 or 6 PMCs (which obviously isn't a lot to most people, I know). However, extracting with these Chad's gear has to be one of the most rewarding things I've done in a video game. \n\nAlso, about an hour ago, just after spending my hard earned first mill on a Scav Junk Box and being flat out broke, I found a bitcoin on the ground by the dummy on the 1st floor of the Repair Shop in Customs, so I'm back up to 400k-ish. I had no idea that these even existed in the game and literally whooped in my office when I saw the price Therapist was offering me...I'm 40 next Saturday 😅\n\nI'm sure the novelty will wear off in time but for now, it's nice to feel kinda excited about a game. Just thought I'd share.", 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/', '1232x6x', [['u/XenSide', 12, '2023-03-27 01:48', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt3ldh/', "The novelty takes a long long time to wear off, you'll enjoy your time for a while, don't worry about it!\n\nI'm glad you enjoy it", '1232x6x'], ['u/MrTankerson', 171, '2023-03-27 02:02', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt5f95/', 'Welcome to the grind! \n\nA small tip for you:\n\nDon’t join this sub. Feel free to come by every once in a while and ask questions or search some things, or even share some success stories, but don’t stay subbed, it will make your novelty you are talking about last much longer, trust me.', '1232x6x'], ['u/BeefHammer54', 28, '2023-03-27 02:38', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt9vaj/', 'True! This sub is cancer, filled with complainers, and people that don’t play the game!', '1232x6x'], ['u/thing85', 39, '2023-03-27 02:57', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdtc7m7/', 'Best advice I’ve read here tbh', '1232x6x'], ['u/nlewis4', 10, '2023-03-27 04:42', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdtoqh2/', 'This subreddit will ruin 99.9% of the fun you are having with EFT. Avoid it at all costs.', '1232x6x'], ['u/robead42', 14, '2023-03-27 09:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdudnua/', 'Hey look there’s one right here!', '1232x6x']]], ['u/dudenuhhuh', 'All my bitcoin was liquidated from my ledger wallet 2 days ago.', 44, '2023-03-27 05:10', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/', "Throway because I'm paranoid now. \n\n&#x200B;\n\nI bought a ledger nano s in 2018. I used to store altcoins on it but 2 years ago I switched it all to bitcoin. I wrote the seed phrase down on the piece of paper and never entered it into a computer. The last time I made a transaction with my bitcoin was almost a year ago and I sold half a bitcoin to put a downpayment on my first house. \n\nFastforward to March 23rd at 5:16 pm all my bitcoin was moved from my wallet to another wallet. A transaction that **I did not make.** I understand this point may be almost impossible to prove. The bitcoin is now in this wallet and it hasn't moved during the time of writing this: [https://www.blockchain.com/explorer/addresses/btc/bc1qvy8m6h6pth8sadrllq2rdegu6p47rt08aw29d0](https://www.blockchain.com/explorer/addresses/btc/bc1qvy8m6h6pth8sadrllq2rdegu6p47rt08aw29d0)\n\nI can't think of any other possible scenario other than someone got my passphrase in real life. There are really only 2 people who had access to my phrase IRL; my old roomate whom a shared a liberty safe with or my current girlfriend and she doesn't understand bitcoin **at all.** \n\n&#x200B;\n\n**OR** is there something I'm missing? Was there an update in the bitcoin protocol that combined all my addresses? I don't fucking know. If anyone could offer me some advice I would really appreciate it. I'm gonna go back to laying in the fetal position now and not trusting anyone.", 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/', '1239fly', [['u/topbtcfan', 167, '2023-03-27 05:15', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtsirz/', 'It was your roommate', '1239fly'], ['u/dudenuhhuh', 45, '2023-03-27 05:17', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtsr5c/', 'I moved out a year ago. It fucks with my head that he waited a whole year.', '1239fly'], ['u/txhex', 61, '2023-03-27 05:32', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtuf2n/', 'Bro, it’s either your roommate or your gf. \n\nThis isn’t a mystery.', '1239fly'], ['u/Dubya_Tea_Efff', 73, '2023-03-27 05:39', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtv4jf/', 'Hardware wallets are no good if you’re just going to let people have access to the keys.', '1239fly'], ['u/Flaky-Wedding2455', 86, '2023-03-27 05:42', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvfg9/', 'He maybe copied the seed in case, but wasn’t planning on stealing your bitcoin unless he had to for some reason. Perhaps he fell on hard times. The other option is he waited in hopes you would not suspect him as he would be the obvious choice if it happened the day after he moved out or something.', '1239fly'], ['u/dudenuhhuh', 13, '2023-03-27 05:44', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvofk/', 'I was hoping there was another scenario with bitcoin technically that someone might have known. But your comment helps too. Thanks.', '1239fly'], ['u/Bkokane', 79, '2023-03-27 05:46', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvw3g/', 'The 3rd option is he actually compromised the seed to some other hacker, by taking a photo of it or something, and didn’t actually steal it himself.', '1239fly'], ['u/bayareaburgerlover', 13, '2023-03-27 05:53', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtwinu/', 'it could be your current 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.
|
27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today In a blog post Monday, Binance CEO Changpeng Zhao said that a lawsuit filed earlier in the day contained \x93an incomplete recitation of facts.\x94 \x93We do not agree with the characterization of many of the issues alleged in the complaint,\x94 Zhao said, also calling the complaint \x93unexpected and disappointing.\x94 The lawsuit , filed in the U.S. District Court for the Northern District of Illinois, alleges that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT) and Binance USD (BUSD), which the suit referred to as commodities. The suit also alleges that the company, under Zhao\x92s leadership, directed its employees to spoof their locations through the use of virtual private networks. Zhao touted the exchange giant\x92s compliance technology, including its know-your-customer program. He wrote that the exchange had 750 people in its compliance teams, \x93many with prior law enforcement and regulatory agency backgrounds,\x94 and noted that the company had 16 licenses and registrations worldwide. According to the CFTC, the exchange, which has a U.S. affiliate, Binance.US , created a system to hide its true reach and operations. In a press release , CFTC Chief Counsel Gretchen Lowe called Binance\x92s actions \x93willful evasion of U.S. law,\x94 pointing to internal chats and emails. Moreover, the suit alleged, Binance directed customers in the U.S. to use a variety of methods to evade restrictions on U.S-based customers. \x93Binance has instructed U.S. customers to evade such controls by using [virtual privacy networks] to conceal their true location,\x94 the suit alleges. In his blog post, Zhao highlighted Binance\x92s 90-day, no-day-trading policy, writing that employees \x93are not allowed to sell a coin within 90 days of\x94 their most recent purchases, or the reverse. \x93This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures,\x94 Zhao wrote. In listing the CEO as a defendant, the CFTC alleges that Zhao was the \x93direct or indirect owner of entities that have engaged in proprietary trading activity on the Binance platform,\x94 and was likewise the \x93direct or indirect owner of approximately 300 separate Binance accounts\x94 that engaged in prop trading on the Binance trading platform. Zhao wrote that he has two accounts at Binance, one for his Binance Card and the other for his crypto holdings. \x93I eat our own dog food and store my crypto on Binance.com ,\x94 he wrote, adding that he occasionally converted crypto to pay \x93for personal expenses or for the Card.\x94', 'Join the most important conversation in crypto and web3! Secure your seat today\nIna blog postMonday, Binance CEO Changpeng Zhao said that a lawsuit filed earlier in the day contained “an incomplete recitation of facts.”\n“We do not agree with the characterization of many of the issues alleged in the complaint,” Zhao said, also calling the complaint “unexpected and disappointing.”\nThe lawsuit, filed in the U.S. District Court for the Northern District of Illinois, alleges that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT) and Binance USD (BUSD), which the suit referred to as commodities. The suitalso allegesthat the company, under Zhao’s leadership, directed its employees to spoof their locations through the use of virtual private networks.\nZhao touted the exchange giant’s compliance technology, including its know-your-customer program.\nHe wrote that the exchange had 750 people in its compliance teams, “many with prior law enforcement and regulatory agency backgrounds,” and noted that the company had 16 licenses and registrations worldwide.\nAccording to the CFTC, the exchange, which has a U.S. affiliate,Binance.US, created a system to hide its true reach and operations.\nIn a press release, CFTC Chief Counsel Gretchen Lowe called Binance’s actions “willful evasion of U.S. law,” pointing to internal chats and emails.\nMoreover, the suit alleged, Binance directed customers in the U.S. to use a variety of methods to evade restrictions on U.S-based customers. “Binance has instructed U.S. customers to evade such controls by using [virtual privacy networks] to conceal their true location,” the suit alleges.\nIn his blog post, Zhao highlighted Binance’s 90-day, no-day-trading policy, writing that employees “are not allowed to sell a coin within 90 days of” their most recent purchases, or the reverse. “This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures,” Zhao wrote.\nIn listing the CEO as a defendant, the CFTC alleges that Zhao was the “direct or indirect owner of entities that have engaged in proprietary trading activity on the Binance platform,” and was likewise the “direct or indirect owner of approximately 300 separate Binance accounts” that engaged in prop trading on the Binance trading platform.\nZhao wrote that he has two accounts at Binance, one for his Binance Card and the other for his crypto holdings. “I eat our own dog food and store my crypto onBinance.com,” he wrote, adding that he occasionally converted crypto to pay “for personal expenses or for the Card.”', 'The business and legal worlds are filled with complex contracts and documents that must be carefully read to ensure they are understood, comply with a litany of laws and rules, and are properly filed and updated. Tracking legal cases and findings is a full-time job. Some of these documents can be hundreds of pages long, and take hours to review. Mayo Oshin, an artificial intelligence engineer in the UK, wants to change this using AI. Oshin’s latest project, dubbed Warren Buffett, is aimed at the financial sector and documents. I built a GPT-4 \'Warren Buffett\' financial analyst to \'chat\' with and analyze multiple PDF files (~1000 pages) across @elonmusk \'s Tesla 10-k annual reports (2020-2022) #gpt4 #openai #investing #stocks #finance pic.twitter.com/AX75f28mBA — Mayo (@mayowaoshin) March 27, 2023 Oshin says he named the bot after Buffett because it was designed to analyze financial documents in the style of the famed value investor. Elon Musk Weighs in After Warren Buffett Says He Wouldn\'t Pay $25 for Every Bitcoin Based in London, England, Oshin contributes to an open-source framework called LangChain that provides various tools and resources to facilitate the development of AI applications. FYI this was powered by @LangChainAI , @pinecone and @OpenAI — Mayo (@mayowaoshin) March 27, 2023 “A trend among companies is to incorporate the concept of retrieval in their AI systems,” Oshin told Decrypt in an interview. Retrieval refers to the ability to “chat with data,” and this feature, Mayo added, has become a crucial need for many businesses. As someone who has been experimenting with retrieval capabilities for some time, Oshin says he recognized a growing demand for practical examples of how the technology could be applied to different types of documents and data. Story continues “There have been many complaints about how long it takes to read annual reports,” he said. “For example, investors in Tesla may want to make sense of current risk factors or how management is performing, but the annual reports can be hundreds of pages long.” The project’s goal is to show how AI can assist in analyzing large and complex documents, making it easier and faster to extract relevant information using retrieval capabilities that let users converse with data and receive meaningful insights, which hopefully leads to better decision-making. Institutional Traders Shifting Attention from Blockchain to AI: JP Morgan “You can kind of think of it as retrieving relevant sections of your document, as opposed to having to read the entire document, but it’s doing it based on natural language,” Oshin said. As he explained, the idea behind the chatbot was to demonstrate that the bot is capable of more than just one-directional interactions, which have been a focus in discussions surrounding AI. “Typically, this involves using [ChatGPT] to perform a specific task on a single PDF file or piece of information,” he said. “However, I wanted to highlight that the demo can perform analysis over time using a time series approach.” One example is the analysis of cash flow performance over several years to reveal trends. Tutorial Youtube Video: https://t.co/Ocu3tVLKLS Github repo (please note this the original template used for the demo adapted for this usecase): https://t.co/DZ0sMKZpx8 My visual diagram of the pdf chatbot architecture below... pic.twitter.com/VPjMZUDICv — Mayo (@mayowaoshin) March 27, 2023 “Many people believe that AI is expensive, but in reality, it can be cost-effective,” Oshin said, adding that he believes the reason the technology has gone viral is that people are both excited about and scared of what AI means for knowledge work. He acknowledges that it is a concern that’s driving some of the interest and discussion around AI and its impact on the workforce. “What\'s scary is the people working on AI research, they themselves don\'t even know what\'s capable of,” Oshin added. “When you\'re dealing with something that is beginning to think for itself, that\'s a gray area." — View comments', 'The business and legal worlds are filled with complex contracts and documents that must be carefully read to ensure they are understood, comply with a litany of laws and rules, and are properly filed and updated. Tracking legal cases and findings is a full-time job.\nSome of these documents can be hundreds of pages long, and take hours to review. Mayo Oshin, an artificial intelligence engineer in the UK, wants to change this using AI. Oshin’s latest project, dubbe
**Last 60 Days of Bitcoin's Closing Prices:**
[23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-28
**Financial & Commodity Data:**
- Gold Closing Price: $1972.40
- Crude Oil Closing Price: $73.20
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $519,552,567,750
- Hash Rate: 312032139.85233283
- Transaction Count: 316281.0
- Unique Addresses: 684623.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.59
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Republican Senator Ted Cruz proposed legislation late Tuesday to block a central bank digital currency (CBDC) from being issued in the United States, joining a growing chorus of prominent GOP politicians pushing back against the idea. In a statement Tuesday, the Texas lawmaker said that the U.S. government had “no authority to unilaterally establish a central bank currency.” CBDCs are a digital version of a state’s fiat currency—like the U.S. dollar or the euro—backed by a central bank. Co-sponsored by Senators Mike Braun (R-Ind) and Charles E. Grassley (R-Iowa), Senator Cruz argued that having a CBDC in the States, controlled by the Federal Reserve, would jeopardize Americans citizens’ financial information and pave the way to a potential surveillance state. “Unlike decentralized digital currencies like Bitcoin , CBDCs are issued and backed by a government entity and transact on a centralized, permissioned blockchain,” Cruz’s statement reads. “Not only would this CBDC model centralize Americans’ financial information, leaving it vulnerable to attack,” Cruz added, “it could be used as [a] direct surveillance tool into the private transactions of Americans.” Senator Cruz’s proposal comes days after Florida Governor Ron DeSantis similarly proposed legislation wanting to ban CBDCs from the southern state, claiming that such a technology would be used for “surveilling Americans and controlling Americans.” CBDCs are digital assets different from the likes of Bitcoin , Ethereum , or Dogecoin , as Cruz noted. Unlike such decentralized cryptocurrencies, CBDCs are overseen and operated by a centralized entity—a central power like the government controls them. Rep. Tom Emmer Says Fed Must Not Create Digital Currency 'Surveillance State' Countries around the world are in different stages of researching them. China is more advanced in the CBDC game than other nations—some citizens are already able to use the digital yuan. Senator Cruz’s statement today specifically mentioned China, claiming its CBDC strategy was omitting “the benefits and protections of cash.” However, Senator Cruz is enthusiastic about decentralized cryptocurrencies: the lawmaker previously proposed legislation that would let politicians spend their Bitcoin on Capitol Hill....
- Reddit Posts (Sample): [['u/maurinet79', 'The war on crypto is good for crypto?', 21, '2023-03-28 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/', 'The "war on crypto" seems more like a war on those who want to profit unethically with crypto rather than against crypto itself. While the discussion continues of whether it\'s a security/derivative/currency/younameit, the actions that reasonable governments (not talking about China) have taken haven\'t really been against crypto itself but against those manipulating the system in order to obtain gains from crypto related activities. It has been known for a while that Binance \\[and others\\] trades against it\'s own customers and nothing could be done about it, well, now something is being done. Yes, the price of Bitcoin was negatively affected immediately after this occurred, but as we all hope and \\[kind of\\] know the price will bounce back, and then it will be "safer" to trade in those platforms. The war on crypto helps it evolve, it makes it better, safer and easier for others to get on board eventually... as long as it\'s an "ethical war" from the part of the governing bodies, which also tax it btw. It also must be said that if Bitcoin could be easily destroyed it wouldn\'t exist already, that\'s why smart governments will make the transition sooner or later, it\'s inevitable. The current war on crypto seems to be creating the rules of the game as we go, which is a necessary part of the crypto evolution process, I welcome it... so far.', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/', '1242v6r', [['u/unitys2011', 13, '2023-03-28 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/jdxhwfd/', 'They will lose the war against Crypto', '1242v6r']]], ['u/[deleted]', 'If you had 100 BTCs, how many wallets would you have?', 97, '2023-03-28 00:24', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/', "You wouldn't own only one wallet to store all of 100 BTCs. How many wallets would you own?", 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/', '1242ymn', [['u/Relai_Alex', 83, '2023-03-28 00:33', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxj9r7/', '16 wallets, 6.15 bitcoin in each.', '1242ymn'], ['u/bubeagle', 25, '2023-03-28 01:01', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxn4i1/', '100 wallets. 1 for each. You are that rich anyway.', '1242ymn'], ['u/[deleted]', 23, '2023-03-28 01:02', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxn8sl/', 'Why 6.15?', '1242ymn'], ['u/ScottPowellM', 368, '2023-03-28 01:24', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxqbk1/', 'FDIC only insures wallets up to 6.15', '1242ymn'], ['u/TheDialectic_', 42, '2023-03-28 02:10', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxwif5/', 'Lol', '1242ymn'], ['u/vnielz', 19, '2023-03-28 02:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxyhhe/', '1', '1242ymn'], ['u/mperklin', 38, '2023-03-28 03:23', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy6dme/', 'Why *wouldn’t*you control all 100 BTC with one key?\n\nWhen planning the security of a system, you have to make some trade-offs to increase others. The holy trinity of information security is the CIA triangle:\nConfidentiality, Integrity, Availability. \n\nIf you are storing 100 different keys in 100 places (to increase confidentiality or availability), surely that increases the chance of *one* of those keys becoming compromised (confidentiality is sacrificed)\n\nIf you are storing 1 key, you can focus on maximizing confidentiality.\n\nThere is nothing wrong with storing 10,000 BTC on a single key. The concern is obviously how to protect that key.', '1242ymn'], ['u/AxionDemo', 48, '2023-03-28 03:39', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy8fd7/', '5 wallets with 1 BTC.\n\n3 wallets with 5 BTC.\n\n3 wallets with 10 btc.\n\n1 wallet with 50 btc for long-term cold storage.', '1242ymn'], ['u/WorkerBee-3', 29, '2023-03-28 03:42', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy8tt6/', 'it was just a joke', '1242ymn'], ['u/karmassacre', 12, '2023-03-28 03:48', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy9oar/', 'Not funny enough apparently lol', '1242ymn'], ['u/BTCMachineElf', 13, '2023-03-28 04:33', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyg4h4/', 'A hot wallet with a few months worth of funds\n\nA warm wallet with a few years worth of funds\n\nA cool wallet with a lifetime of funds\n\nA cold wallet with generations worth of funds.', '1242ymn'], ['u/noyrb1', 66, '2023-03-28 05:05', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyk2yd/', 'None lost them all in a boating accident', '1242ymn'], ['u/timbulance', 18, '2023-03-28 05:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdymfer/', 'Anything more than 6.15 and FedNow won’t insure you.', '1242ymn'], ['u/zalmee', 10, '2023-03-28 05:34', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdynhbm/', 'That 1 wallet with 50 bitcoins will keep me up at night haha.. best I can think of is 20 wallets with 5 btc each', '1242ymn'], ['u/disruptioncoin', 15, '2023-03-28 05:35', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdynibs/', "Seems like a lot of seed phrases to keep track of. I think I'd just have two wallets. One with 10 BTC to sell/spend in the short-ish term to buy a house and start a business. The rest I'd hodl long term until it's REALLY valuable, then eventually I'd dip in, take like 10 more out and start a charity organization or something, maybe get political and lobby to change drug laws or something. Probably just pass it on to my kids if I ever decide to have some.\n\nI once had 21 bitcoin tucked away, when it was bouncing around between 1-2k. Hustled my ass off to get to that point, then I decided to chill out a bit. Wanted to never spend it, but ended up helping my mom out when she lost her job and her unemployment ran out, finished my degree, and I just didn't have a real job for a while because I thought my degree would help me get a nice job eventually but I was wrong lol. Ended up finally settling for what I could get after I ran out of money. But now I'm working as many hours as I can get to stack some sats back up.", '1242ymn'], ['u/birdman332', 15, '2023-03-28 05:43', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyoehq/', "Once you get to 2+ wallets you're just adding security risks for yourself", '1242ymn'], ['u/AppropriateStatus145', 10, '2023-03-28 05:57', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdypyx7/', 'I will prepare a husband wallets , if I see a boy I like , I can generously give him a wallet directly.', '1242ymn'], ['u/Tradestockforstonk', 18, '2023-03-28 06:20', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdysd2l/', 'Rule #1 not your keys, not your coin\n\nRule #2 bitcoin is never safe on boats', '1242ymn'], ['u/HighSolstice', 10, '2023-03-28 08:23', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz33hn/', 'Lol, that looks like boobs.', '1242ymn'], ['u/HighSolstice', 16, '2023-03-28 08:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz38sl/', 'If Reddit didn’t take away my free awards I would give you one for that comment.', '1242ymn'], ['u/HighSolstice', 15, '2023-03-28 08:46', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz4r58/', 'I already knew that but did you see the boobs?', '1242ymn'], ['u/Y0rin', 12, '2023-03-28 11:26', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzfnxf/', 'thats not how trezors work. if you want 100 email addresses, do you need 100 phones?', '1242ymn'], ['u/lilicucu', 18, '2023-03-28 11:29', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzfwv2/', 'What are you talking about? As long as your seed phrase is safe, you can restore to any hardware and software wallet.', '1242ymn'], ['u/zesushv', 14, '2023-03-28 13:11', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzno1c/', 'Satoshi insures 21million btc.', '1242ymn']]], ['u/bawdyzebra', '[WTS] 10oz Silver bars close to spot.', 11, '2023-03-28 00:42', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/', '[edit] SOLD!\n\nhttps://imgur.com/a/SjfLDy1\n\n10oz Trident Silver (2 bars) $245 each\n\n$8 SFRB shipping CONUS\n\nWill ship first to established buyers.\n\nPayment: Zelle / no notes.\n\n10% discount if paid in BTC/LTC/XMR.\n\nReply to this post before messaging (PM pref).', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/', '1243iq2', [['u/GioDeano', 25, '2023-03-28 01:20', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/jdxppzc/', 'Y’all are cracking me up w...
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.
|
28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86
|
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:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether is outperforming bitcoin as the CFTC reiterates ether should be under its purview, not the SEC\'s. Insights: The CFTC\'s lawsuit against Binance is part of the increasing regulator scrutiny that crypto is undergoing. Will the suit – and other enforcement actions – ultimately help Asia\'s crypto narrative? Prices CoinDesk Market Index (CMI) 1,185 +22.7 ▲ 2.0% Bitcoin (BTC) $27,302 +435.7 ▲ 1.6% Ethereum (ETH) $1,778 +73.6 ▲ 4.3% S&P 500 3,971.27 −6.3 ▼ 0.2% Gold $1,972 +20.0 ▲ 1.0% Nikkei 225 27,518.25 +41.4 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Ether Up on CFTC Remarks, Bitcoin Flat as Market Digests Binance Suit and Awaits Economic Data Good morning, Asia. This week is proving to be a tumultuous one for news. First, Binance was sued by the Commodity Futures Trading Commission over alleged regulatory violations regarding its derivatives products. Next, Sam Bankman-Fried faces another indictment , this one regarding allegations of bribing officials in China, making some wonder if this will damp Beijing’s mood toward the asset class. Finally, to bring it back to the CFTC, Chair Rostin Behnam reiterated Tuesday during a hearing that he believes ether is a commodity. How’s crypto reacting to this? Bitcoin (BTV) is trading flat, up 1.6% in the last 24 hours to $27,302. Ether (ETH) is up just under 4.3% to $1,778. Given that the CFTC chief reiterated once again, before the U.S. Congress, that the regulator believes ether is a commodity – and not a security as the Securities and Exchange Commission would think – tokens in its orbit are also well in the green. Staking provider Lido saw its token rise by over 12% to $45.81, and Lido staked ether is outperforming ether at on-day gains of 6.5%. Meanwhile, on-chain derivatives exchange GMX’s token is up by 8.7%, perhaps because traders are looking for derivatives infrastructure they believe is beyond the reach of the CFTC (though decentralization, historically, hasn’t been a great defense). Story continues Tokens associated with layer 1 and layer 2 platforms are also in the green, with SOL at 3.5%, DOT at 3.6%, ADA at 6.6% and MATIC at 4.3%. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +10.4% Currency Stellar XLM +8.5% Smart Contract Platform Cardano ADA +6.9% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights The CFTC Cracks Down. Will Asia Benefit? The U.S. Commodity Futures Trading Commission\'s (CFTC) Monday action against Binance was a surprise to some and an annoyance to many. Sure, traders who use Binance, like the U.S.-based prop shops with offshore accounts, holders of its BNB token, are some of the people who are annoyed. But more importantly, it\'s those who want the U.S. to develop a comprehensive regulatory framework for crypto and stop ruling by enforcement. In 2020, calendar years ago but centuries in crypto time, U.S. Rep. Tom Emmer (R-Minn.) introduced the Securities Clarity Act , which sought to create a new legal category called “investment contract asset.” “This new term would refer to any asset sold as part of an investment contract that would not be considered a ‘security’ but for its sale as part of an investment contract,” was how it was described in a September 2020 statement on Emmer’s website . Effectively, it was a framework for crypto similar to what the Monetary Authority of Singapore has developed, or what authorities in Hong Kong and Taiwan are also working on: rules made in the 2020s for an asset class of the internet era, not relying on an interpretation of a court case from 1946 . “The fact remains that digital assets like cryptocurrencies do not fit neatly into the [Securities and Exchange Commission’s] regulatory framework,” Bo Howell, an Ohio-based securities lawyer, wrote in a January 2022 post explaining the contested authority over crypto . Instead, we have regulation by enforcement. Attempts to dictate things via court rulings, not a rulebook to which all parties have access. In March, Coinbase asked for just that: rule-making. As part of a legal proceeding concerning an ex-Coinbase staff member accused of insider trading, the SEC is attempting to establish a comprehensive definition for securities that encompasses the majority of cryptocurrency tokens, by pursuing securities fraud allegations against the former employee. “The SEC’s suit rests on the erroneous premise that the seven Coinbase-listed assets identified in its complaint are ‘securities.’ But Coinbase does not list any securities on its platform,” an amicus brief Coinbase filed as part of the case in March reads. “The SEC posits that the digital assets qualify as securities because they are “investment contract[s], but the assets lack both essential attributes of that statutory term: They are neither contracts nor investments.” Something similar happened in December . The SEC made the case that FTX\'s exchange token, FTT, is a security as part of a complaint against FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison. The duo are pleading guilty and looking to cooperate with authorities, meaning the SEC\'s allegations won\'t be tested in the adversarial environment of a courtroom. The SEC hasn’t given Coinbase – or any other exchange – anything close to the rulebook they\'ve asked for. There’s no official code to read; lawyers instead have to interpret court filings and read the tea leaves on possible interpretations. “This ongoing and ever-changing regulatory environment hinders well-designed compliance and regulatory plans,” Braden Perry, a former attorney for the CFTC, said in a 2020 interview . His analysis still holds true today. “The last thing any industry wants is what the SEC and CFTC have done: regulation by enforcement, in which agencies decide that some practices should have been illegal, [and then] go back and prosecute the people who were doing it before,” he continued. In a January 2023 interview with CoinDesk, Rep. Emmer said that more legislation is coming. The right kind, hopefully, and not the stuff that drives an industry offshore. “We’re going to focus obviously on legislation, and I think it’s going to be to place key guardrails around the industry,” Emmer said. “Market structure guardrails. Stablecoin guardrails. Things like that.” Right now, this seems bullish for Asia. China’s state-owned banks are soliciting crypto business in Hong Kong, something that would be unheard of or even considered absurd for its sheer unlikeliness if mentioned years ago. But this is crypto. Stuff moves fast. Can America keep up? Maybe it\'s not a bad thing if the industry moves to Asia. Important events Metaverse Fashion Week (Decentraland) 8:30 a.m. HKT/SGT(00:30 UTC) Australia Monthly Consumer Price Index (YoY/Feb) 10:00 p.m. HKT/SGT(14:00 UTC) United States Pending Home Sales (MoM/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Former CFTC Chair Massad Reacts to CFTC Case Against Binance; Bitcoin Drops The U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng Zhao on Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Timothy Massad, former CFTC chair and Harvard Kennedy School research fellow and digital assets policy project director, weighed in. This came as bitcoin sank below $27,000 following news of the lawsuit, dropping to its lowest level since March 17. DFD Partners President Bilal Little shared his crypto markets analysis. Headlines Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process : Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether. Fear and Greed Index Pulls Back After Hitting \'Greediest\' Level Since Late 2021 : The gauge spent most of 2022 mired in "fear" territory. Binance\'s BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit : Some analysts say the exchange\'s recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD. Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin : The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries, the software company behind layer 2 Ethereum zero-knowledge rollup scaling system StarkNet. Paradigm Leads $7M Round for Optimism-Based Startup Conduit : The newly announced startup will help developers launch Optimism-based applications.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ether is outperforming bitcoin as the CFTC reiterates ether should be under its purview, not the SEC\'s.\nInsights:The CFTC\'s lawsuit against Binance is part of the increasing regulator scrutiny that crypto is undergoing. Will the suit – and other enforcement actions – ultimately help Asia\'s crypto narrative?\nCoinDesk Market Index (CMI)\n1,185\n+22.7▲2.0%\nBitcoin (BTC)\n$27,302\n+435.7▲1.6%\nEthereum (ETH)\n$1,778\n+73.6▲4.3%\nS&P 500\n3,971.27\n−6.3▼0.2%\nGold\n$1,972\n+20.0▲1.0%\nNikkei 225\n27,518.25\n+41.4▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nEther Up on CFTC Remarks, Bitcoin Flat as Market Digests Binance Suit and Awaits Economic Data\nGood morning, Asia.\nThis week is proving to be a tumultuous one for news.\nFirst,Binance was sued by the Commodity Futures Trading Commissionover alleged regulatory violations regarding its derivatives products. Next, Sam Bankman-Friedfaces another indictment, this one regarding allegations of bribing officials in China, making some wonder if this willdamp Beijing’s moodtoward the asset class. Finally, to bring it back to the CFTC,
**Last 60 Days of Bitcoin's Closing Prices:**
[23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-29
**Financial & Commodity Data:**
- Gold Closing Price: $1966.10
- Crude Oil Closing Price: $72.97
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $549,498,242,812
- Hash Rate: 342303914.6141264
- Transaction Count: 334637.0
- Unique Addresses: 727221.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.57
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was a good run: just under 48 hours.
That’s how long the Chinese government allowed Damus, a decentralized, Apple-native Twitter alternative backed by Jack Dorsey, to live on the country’s version of Apple’s App Store. On Thursday, Damus announced the Cyberspace Administration of China (CAC) had demanded the app’s removal, due to alleged violation of national speech laws. Apple immediately complied with the request.
Damus is just one of several projects currently being built atop Nostr, a decentralized social media protocol favored by Dorsey. Last year, the Twitter co-founder donated 14 BTC (about $327,000 at writing) to fund Nostr’s development. The app also integrates the Bitcoin Lightning Network for payments.
Nostr is an open-source protocol based on cryptographic keypairs that aims to become the foundation of a global, decentralized, censorship-resistant social network. Anyone can build an app on top of Nostr; on such apps, users can’t be banned, and posts can’t be censored, as clients are run by all users. Nostr developers created Apple-compatible Twitter analog Damus as a proof of concept of Nostr’s potential.Other projectsbuilt atop the protocol include would-be Telegram replacement Anigma and chess app Jester.
Damus had only just launched globally on Tuesday after obtaining approval from Apple to be listed in the App Store.
While Apple, at the behest of national governments, can ban apps built on Nostr like Damus, no entity is able to censor Nostr itself. That selling point is the main reason free speech proponents like Dorsey have so vocally supported the protocol.
Dorsey has long advocated for the proliferation of censorship-resistant social media platforms. While acting as Twitter’s CEO in 2019, Dorseyfunded a small teamtasked with creating a decentralized social media protocol. In September, court records revealed that Dorseyimplored Elon Musk, during Musk’s acquisition of Twitter, to transition the app to an “open source protocol, funded by a foundation.”
Musk has not yet heeded that advice. In late January, the world’ssecondrichest manstirred some controversy by censoring a BBC documentary critical of Indian Prime Minister Narendra Modi at the behest of the Indian government, per a report fromThe Intercept. Free speech advocates decried the decision to ban the film, which questions Modi’s role in a 2002 anti-Muslim massacre in Gujarat.
“Elon Musk really shouldn’t be fighting Nostr, since it’s just about the only thing that can save his business,” whistleblower and privacy advocate Edward Snowden tweeted at the time. “The fate of the old platform model over the next decade is clear.”...
- 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.
|
28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79
|
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:**
['Scanning and analyzing a blockchain can be challenging, particularly when sorting through tens of thousands of blockchain addresses and millions of transactions. It\'s tedious and time-consuming and the story being told is often elusive. The Austin-based startup Blocktrace hopes that artificial intelligence can make the blockchain analysis process faster, and uncovering trends and anomolies easier.\nLaunched in 2018 by software engineer Shaun MaGruder, whose background includes work as the head of training at blockchain forensics firm, Chainalysis, Blocktrace is an AI-fortified blockchain forensic and analytical service provider. Using a chatbot they named Robby the Robot—after the iconic character from the sci-fi film "Forbidden Planet"—Blocktrace developed their AI to interact with data on the Bitcoin blockchain.\nBlocktrace CEO MaGruder toldDecryptin an interview that the company decided to start the Robby project with Bitcoin because of its large sample size and history.\n"Bitcoin is a great project to start with and will likely always be around, just like Ethereum," MaGruder said. "It\'s considered the OG because it was the first and has a large pool of user base addresses with a lot of activity."\nAccording to MaGruder, a copy of the Bitcoin blockchain data is stored in Blocktrace\'s database—already a significant technical feat. Enhanced with an AI layer, their application allows users to ask natural language questions like a virtual assistant.\nA natural language model is a type of artificial intelligence designed to understand and process human language, similar to how humans do.\n"Users can quickly ask for specific information, such as transactions between dates and amounts," MaGruder said. "This saves time compared to the manual process, which could take one to two hours using a blockchain explorer."\nMaGruder explains that Blocktrace aims to enable investigators and users to use the technology developed by OpenAI to quickly find Bitcoin addresses and identify transactions that occurred on the network with greater accuracy and detail.\n"Instead of requiring a data engineer or data scientist to translate natural language questions into SQL queries, Robbie has already been trained on the data model and can quickly fetch results for the user," MaGruder said, calling the process more efficient and one that does not require continuous training for new data scientists.\nWhile still in beta, Robby is expected to be made available for the public to use later this year. Before rolling Robby out to the public, however, MaGruder said the chatbot would first be given to a closed group to test.\n"We want to make sure that Robbie is stable and that we don\'t fall on our faces when we release it to the public," MaGruder said. "We want to make sure that the questions that the public is going to ask are questions we\'ve already asked Robbie."\n"As expected, people will compare Robbie to a traditional blockchain explorer and determine whether Robbie is correct or incorrect," MaGruder said. "To gather feedback, we will implement a thumbs up and thumbs down button. A thumbs up will serve as positive reinforcement, while a thumbs down will indicate areas needing improvement."\nBlocktrace is just the latest Web3 company looking to leverage the power of artificial intelligence for blockchain analysis. Others using the technology include Elliptic, Chainalysis, CipherTrace, and Nansen.\n"It\'s something we\'re looking at very deeply," Andrew Thurman, a Nansen engineer, toldDecryptat ETH Denver. "You can use things like AI analysis on the blockchain to see if [wallets] are doing the same things at the same time." Thurman added that even if there are no explicit connections, you can infer within a good level of certainty that all of those wallets are tied to the same entity.\n"Algorithmic labeling, and AI labeling, I think, have a pretty significant future in blockchain analysis," Thurman said.', 'Scanning and analyzing a blockchain can be challenging, particularly when sorting through tens of thousands of blockchain addresses and millions of transactions. It\'s tedious and time-consuming and the story being told is often elusive. The Austin-based startup Blocktrace hopes that artificial intelligence can make the blockchain analysis process faster, and uncovering trends and anomolies easier. Launched in 2018 by software engineer Shaun MaGruder, whose background includes work as the head of training at blockchain forensics firm, Chainalysis, Blocktrace is an AI-fortified blockchain forensic and analytical service provider. Using a chatbot they named Robby the Robot—after the iconic character from the sci-fi film "Forbidden Planet"—Blocktrace developed their AI to interact with data on the Bitcoin blockchain. Blocktrace CEO MaGruder told Decrypt in an interview that the company decided to start the Robby project with Bitcoin because of its large sample size and history. ChatGPT + Bitcoin, please meet Robby the Robot. 🤖 As a language model equipped with advanced natural language processing technology, Robby can effectively interpret complex user questions and provide insightful answers. pic.twitter.com/W2OHChBoIc — BLOCKTRACE (@blocktrace) March 28, 2023 "Bitcoin is a great project to start with and will likely always be around, just like Ethereum," MaGruder said. "It\'s considered the OG because it was the first and has a large pool of user base addresses with a lot of activity." According to MaGruder, a copy of the Bitcoin blockchain data is stored in Blocktrace\'s database—already a significant technical feat. Enhanced with an AI layer, their application allows users to ask natural language questions like a virtual assistant. Story continues A natural language model is a type of artificial intelligence designed to understand and process human language, similar to how humans do. "Users can quickly ask for specific information, such as transactions between dates and amounts," MaGruder said. "This saves time compared to the manual process, which could take one to two hours using a blockchain explorer." MaGruder explains that Blocktrace aims to enable investigators and users to use the technology developed by OpenAI to quickly find Bitcoin addresses and identify transactions that occurred on the network with greater accuracy and detail. "Instead of requiring a data engineer or data scientist to translate natural language questions into SQL queries, Robbie has already been trained on the data model and can quickly fetch results for the user," MaGruder said, calling the process more efficient and one that does not require continuous training for new data scientists. While still in beta, Robby is expected to be made available for the public to use later this year. Before rolling Robby out to the public, however, MaGruder said the chatbot would first be given to a closed group to test. "We want to make sure that Robbie is stable and that we don\'t fall on our faces when we release it to the public," MaGruder said. "We want to make sure that the questions that the public is going to ask are questions we\'ve already asked Robbie." "As expected, people will compare Robbie to a traditional blockchain explorer and determine whether Robbie is correct or incorrect," MaGruder said. "To gather feedback, we will implement a thumbs up and thumbs down button. A thumbs up will serve as positive reinforcement, while a thumbs down will indicate areas needing improvement." Blocktrace is just the latest Web3 company looking to leverage the power of artificial intelligence for blockchain analysis. Others using the technology include Elliptic, Chainalysis, CipherTrace, and Nansen. "It\'s something we\'re looking at very deeply," Andrew Thurman, a Nansen engineer, told Decrypt at ETH Denver. "You can use things like AI analysis on the blockchain to see if [wallets] are doing the same things at the same time." Thurman added that even if there are no explicit connections, you can infer within a good level of certainty that all of those wallets are tied to the same entity. "Algorithmic labeling, and AI labeling, I think, have a pretty significant future in blockchain analysis," Thurman said.', 'Bitcoin climbed back above US$28,000 in Thursday morning trading in Asia in a broad based rally that lifted most other top 10 non-stablecoin cryptocurrencies and seemingly shrugged off concerns about regulators in the U.S. filing warnings and lawsuits against crypto exchanges. Bitcoin led the day’s gains while XRP led the winners for the week. U.S. equities rose on Wednesday as investors seemed to be moving on from concerns about the state of the banking system after a series of lender failures earlier this month.\nSee related article:SEC charges Beaxy cryptocurrency platform for violating securities laws\n• Bitcoin led the gainers among the top 10 non-stablecoin cryptocurrencies, jumping 3.87% to US$28,345 in the 24 hours to 9:00 a.m. in Hong Kong, to post a weekly gain of 3.61%, according toCoinMarketCap data.\n• The leading cryptocurrency has bounced back from a low of US$26,677 on Tuesday this week after the Commodity Futures Trading Commission’s (CFTC) filed alawsuit against Binancefor alleged violation of trading rules.\n• Ethereum rose 0.65% to US$1,788, holding a weekly gain of 2.78%. The token briefly traded above the US$1,800 resistance level on Wednesday.\n• The rally in cryptocurrencies comes amid rising tension between cryptocurrency platforms and U.S. regulators. Crypto asset trading platformBeaxy.com closed on Wednesdayafter the Securities and Exchange Commission (SEC) charged it for violating securities laws, making it at least the fourth crypto exchange to be targeted by a U.S. federal agency so far this year. The SEC has finedKraken, issued a warning toCoinbase, while the CFTC filed a lawsuit againstBinance. SEC ChairGary Gensleris also requesting more resources to regulate the crypto market.\n• However, thelawsuitissued by the CFTC against Bina
**Last 60 Days of Bitcoin's Closing Prices:**
[23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-30
**Financial & Commodity Data:**
- Gold Closing Price: $1980.30
- Crude Oil Closing Price: $74.37
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $553,135,052,300
- Hash Rate: 360932699.0829224
- Transaction Count: 326347.0
- Unique Addresses: 727172.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: UK banks are getting tougher on customers using crypto. In the past week, two of the country’s biggest banks—Nationwide and HSBC—cracked down by applying daily limits for buyers or restricting credit cards from making crypto purchases. These two banks aren’t the only ones: a number of banks over the past year have got tougher. Some took a tougher stance following the collapse of mega digital asset exchange FTX back in November. According to most U.K. high-street banks with limits, the crackdown is to protect investors from cryptocurrency fraud. “We want to do everything we can to protect our customers and we feel that limiting payments to cryptocurrency exchanges is the best way to make sure your money stays safe,” Santander says . So what are the current rules? Here is the low-down on which banks are crypto-friendly for the retail investor. Nationwide Been offered a cryptocurrency investment opportunity? If someone offers you a low risk, high reward crypto investment, be cautious. This could be a scam. Many cryptocurrency investments aren’t regulated, so you’re unlikely to get your money back if something goes wrong. pic.twitter.com/bgb3PLbAHT — Nationwide Building Society (@AskNationwide) October 15, 2021 Major high-street bank Nationwide this week said it was setting up new restrictions to “help protect you and to try and keep your money safe.” Customers can no longer buy crypto with credit cards and with debit cards, and there are daily limits of £5,000 ($5,965). HSBC HSBC this week also imposed tougher rules. Now, customers cannot buy any digital assets from exchanges using credit cards. Those who bank with HSBC can buy crypto with a debit card through certain U.K.-regulated platforms—but not exchanges like Coinbase. The banking giant has said it has no interest in Bitcoin and has banned customers from buying stocks of companies with Bitcoin exposure. Story continues Lloyds Lloyds allows its clients to buy crypto via U.K.-regulated platforms and make withdrawals from exchanges such as Coinbase—but only using debit cards. It was one of the first banks in the U.K. to stop its clients from buying crypto with credit cards back in 2018. NatWest NatWest Group CEO Alison Rose last month said that the bank had “taken a pretty hard line as a bank on crypto.” And in 2021, the bank barred corporate customers who deal in cryptocurrencies. That means companies like crypto exchanges with a base in the U.K. cannot hold accounts at NatWest. The FCA Has 5 Entirely Reasonable Concerns About Cryptocurrency But right now, according to the bank, that “doesn't mean that we block cryptocurrency payments altogether but we will restrict payments to cryptocurrency exchanges that present the highest risk of financial harm.” You can use a NatWest account to buy digital assets from exchanges such as Coinbase. Amounts are limited, according to the bank, though NatWest has not revealed exactly by how much. Barclays Barclays bank does not allow customers to buy or sell crypto through its online banking platform. Would-be investors can buy crypto via a regulated, FCA-approved broker, though. Barclays was one of the U.K. banks that stopped customers making payments to crypto exchange Binance in 2021 after the British regulatory body FCA issued a warning over exchange. Santander High-street bank Santander announced last year that it would be limiting U.K. customers from making large crypto transactions. As it stands, those who bank with Santander can make single transactions of £1,000, with a total limit of £3,000 in any rolling 30-day period. A crypto trader who banks with Santander told Decrypt that his account was closed without warning after making withdrawals from Coinbase. Wise Formerly known as TransferWise, Wise does not deal in cryptocurrencies at all. And you can’t use an account to buy digital assets from an exchange. But Wise customers can receive money to their account from a platform that deals with crypto if it is regulated in the EU or UK. Monzo You can buy cryptocurrency on big, established exchanges such as Coinbase (but not Binance) with popular challenger bank Monzo, but it “may block a small number of transactions based on risk.” The bank does not say how big or small these transactions are. Starling Challenger bank Starling is one of the strictest: it has banned customers from all crypto-related payments. “We consider crypto activity to be high risk,” the bank said in November. Starling clients told Decrypt that the move was sudden. Hi there 👋 We always review our position in relation to financial crime. We consider crypto activity to be high risk. We’ve taken the decision to prevent all card payments to crypto merchants and to implement further restrictions on outgoing and incoming transfers. — Starling Bank (@StarlingBank) November 22, 2022 Revolut This challenger bank is the most crypto-friendly of them all: users can buy, sell, and store a number of digital assets via the mobile banking app. And just last month, the bank launched a staking service for Ethereum, Cardano, Polkadot, and Tezos....
- Reddit Posts (Sample): [['u/SkyFlyBye', 'McMoney - get paid to receive text messages - passive income', 13, '2023-03-30 00:12', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/', "McMoney pay you to receive text messages. They make their money by testing cellular networks and see if text messages are delivered correctly by sending out test text messages. You don't need to open or click anything in the text message.\n\nThis is a passive income where after the installation process, you leave until cash out. You can delete the text messages you receive as it's mostly gibberish. McMoney is only available on Android. It's not available in iOS.\n\n**McMoney**\n\nMcMoney pays you $0.051 per text received on Android phone and they have a $5.00 cash out. You can cash out on Paypal or Bitcoin. I get a text about once every 3 days. You can use multiple phone numbers and cash out to the same Paypal.\n\nYou can unlock bonus money if you use my referral code and reach the minimum text received.\n\nRef code: K3MHXXX2\n\nDownload the app from their website here: [https://mcmoneyapp.com/](https://mcmoneyapp.com/)", 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/', '1262gg0', [['u/Fabulous_Can6778', 29, '2023-03-30 00:25', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je78ckk/', 'at 5 pence every three days it seems awful….', '1262gg0'], ['u/No-Mathematician1431', 10, '2023-03-30 00:54', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je7c85r/', 'Well it would seem roughly a year from the OP! Kinda sounds garbage to me but each to their own....', '1262gg0'], ['u/troymisti1', 16, '2023-03-30 09:05', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je8v24d/', 'Meanwhile most people would pay 5$ a year to not get random texts', '1262gg0'], ['u/adeskto_organise', 12, '2023-03-30 14:54', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je9ni6m/', 'Yeah and sell off my number to whichever dodgy company offers them a good price how generous!', '1262gg0']]], ['u/RainGdX', 'Baba options expiring this week', 13, '2023-03-30 01:23', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/', 'I have Baba stock with an average cost basis of 110. I have been doing covered calls at lower strike price for the past 2 months and making some profit. Last week I sold 85 strike cc expiring 3/31 but didn’t expect it to cross 100 this week.\nWhat are my options ? BTC or roll or get assigned?', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/', '1264bn3', [['u/MrZwink', 15, '2023-03-30 01:43', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/je7iqw7/', 'Yup those are it, btc, roll or assignment.', '1264bn3'], ['u/SunGlobes', 10, '2023-03-30 03:29', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/je7wy0y/', "Why not let the CC's get assigned, collect $8500/contract and use that money to sell CSP's at the 85 strike price. By doing this you can collect premium while you're waiting to regain your shares (hopefully) at the called away price of $85/share....wash/rinse/repeat.", '1264bn3']]], ['u/unitys2011', 'The Bitcoin Logo being projected onto the European Central Bank in Frankfurt, Germany', 826, '2023-03-30 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/', "As the title says - the Bitcoin logo being projected onto the European Central Bank in Frankfurt, Germany with the message ''study Bitcoin''.\n\n[Bitcoin logo projected onto the ECB in Frankfurt](https://preview.redd.it/2u1qrop5guqa1.jpg?width=675&format=pjpg&auto=webp&v=enabled&s=15fed3833329c71a623b2bce9f5009f860fa92ea)\n\nNow guess who it was? You're right, it was Bitman!\n\nSource: https://twitter.com/Bitman\\_bob/status/1641184791310618627?s=20\n\n[Bitman strikes again!](https://preview.redd.it/17atgm3wfuqa1.jpg?width=675&format=pjpg&auto=webp&v=enabled&s=b17245319ae10a829cc0d62a4b4ceaabe3946d50)\n\nSource: [https://twitter.com/Bitman\\_bob/status/1641148676180410379?s=20](https://twitter.com/Bitman_bob/status/1641148676180410379?s=20)\n\nIt seems this is a targeted awareness campaign since he used the hashtag ''gesundesgeld'' which means translated that he wants to draw attention to healthy money (Bitcoin).\n\nThis is not the first time, in fact he goes around Europe with his projector to draw attetion to Bitcoin.\n\nKudos to Bitman Bob and his friends, not all Heroes wear capes!\n\nYou can find the video here: [https://twitter.com/artsince2010/status/1641224329655463938?s=20](https://twitter.com/artsince2010/status/1641224329655463938?s=20)", 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/', '1265r97', [['u/crypt_keeping', 11, '2023-03-30 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7o08h/', 'I wouldn’t be surprised if that guy gets sued', '1265r97'], ['u/token-eater', 78, '2023-03-30 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7ocxm/', 'I had to double-take for a comedy flare LOL', '1265r97'], ['u/juanadov', 15, '2023-03-30 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7od72/', 'I’m calling bitcoin “healthy money” from now on.', '1265r97'], ['u/jordbrouss1095', 15, '2023-03-30 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7qhsm/', 'This guy is the hero we deserve.\nSmart. Move', '1265r97'], ['u/EchoCollection', 20, '2023-03-30 03:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7temv/', 'This is the type of real world guerilla marketing I can get behind!', '1265r97'], ['u/homrqt', 12, '2023-03-30 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7ux0r/', 'Yes, finally some form of real world activism that is worth getting involved.', '1265r97'], ['u/Dubznation300', 12, '2023-03-30 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7uxe9/', 'We need a Bitman Anime Series\n\nPlot: fighting fraudulent crimes, cyber attacks and defending crypto against politicians, SEC, and the government\n\n**Starring** Bitman\r \nWife Ethereum\r \nSide chick Litecoin \r \nFriends: XRP, Cardano, BNB\r\n\nPets: Dogecoin & Shiba Inu\n\nHuman friends: Michael Saylor, Brian Armstrong \n\nEmployer & Mentor: Satoshi monitors Bitman’s activities and provides the instructions. \n\n**Sub plot** Bitman was created in a lab by Satoshi, and finds out Satoshi is his father \n\n\n\r**Villains** \r \nFinal bosses: Do Kwon, SBF\r \nLower level bosses: Su Zu, Kyle Davies, Mashinsky, Justin Sun\n\nSEC boss: Gary Gensler\n\nGovernment figures: Jerome Powell \n\nOn going list so feel free to provide input. Any suggestions would be great. Can be updated. Thanks', '1265r97'], ['u/escargotmycargobigE', 14, '2023-03-30 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je8abe3/', 'This is one of the most badass things I’ve seen today', '1265r97']]], ['u/TheAmazingStorm', 'A question about Skirmish and Living Legend Points', 10, '2023-03-30 02:43', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/', 'Hey, so at the [official site](https://fabtcg.com/resources/rules-and-policy-center/living-legend/) we have the information that skirmish events awards 2 living legend points to the winner hero. But this seems odd, does this means that every skirmish event running worldwide will award 2 points?', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/', '1266afk', [['u/lockespaine', 11, '2023-03-30 02:53', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/je7s3f5/', 'Each individual skirmish will give 2 LL points to the winning hero.', '1266afk']]], ['u/Which-Ad-9338', 'My Beginner Mistakes', 108, '2023-03-30 05:42', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/', 'When I entered the crypto space, I made a series of stupid mistakes that I’d like to share so that others can avoid doing the same. If you have experience in the market, a lot of this may be boring or repetitive, but please add any beginner misconceptions that you held in the comments if you have the time.\n\n1) **I had no understanding of market cap.** I bought ADA at $.70 expecting it to 1000x because I thought it was “cheap.” Ouch. To make a rational exit plan based on realistic prices, you need to understand market capitalization, or the total value of a cryptocurrency. The formula for calculating crypto market cap is: Market Cap = Current Price x Circulating Supply. Bitcoin and ETH will probably always have the highest market caps for the time being. The lower the market cap, the more room for growth BUT there’s much more risk. Low cap coins are basically gambling.\n\n2) **I didn’t understand crypto market cycles.** I approached the market with the mindset of traditional stocks: the longer you hold, the more money you make over time. Outside of BTC and ETH, this is NOT true in crypto. This sector is full of coins that fall into obsolescence after a glorious run. It is important to both buy and sell altcoins within the 3-4 year market cycle. I also didn’t understand the BTC halving cycle, and how pric...
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.
|
28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05
|
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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:The crypto market is ending the week flat.\nInsights:Stefan Rust, CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit.\nBy Sam Reynolds\nCoinDesk Market Index (CMI)\n1,213\n−2.1▼0.2%\nBitcoin (BTC)\n$28,303\n−3.4▼0.0%\nEthereum (ETH)\n$1,813\n+28.2▲1.6%\nS&P 500\n4,050.83\n+23.0▲0.6%\nGold\n$1,998\n+31.9▲1.6%\nNikkei 225\n27,782.93\n−100.8▼0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBoth bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813.\nStock markets in Asia are in the green, with the Nikkei 225 opening 1%.\nBitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. AsKaiko notedearlier this week, bitcoin trading is at its lowest level in eight months after crypto exchange Binance reintroduced trading fees. This is on top of theexisting liquidity woesbitcoin now faces, as fiat pipelines dry up.\nLooking ahead to the next week there are a number of economic events that should spur traders’ interest.\nJohn Williams, president of the Federal Reserve Bank of New York , is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming ahead.\nWith the U.S. governmenttaking an apparent stand against crypto, traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly.\nStefan Rust Has a Few Things to Say About Banks and Crypto\nBy James Rubin\nHas crypto really, finally, truly reached its breakthrough moment?\nStefan Rust, a crypto investor and CEO of data aggregator TruFlation suggested that traditional finance may be approaching a tipping point amid multiple bank failures in the U.S. and near meltdowns at two banking giants in Switzerland and Germany, and that investor worries lie at the root of this week\'s surge in crypto prices.\n“It seems people are realizing that the banking crisis isn\'t really over and, given all the noise out there, a lot of people are starting to question the approach that they\'re taking to their savings and wealth management," Rust wrote. "I think many techprenuers and SVB clients will move some of their savings into crypto.\nHe added: "Indeed, there already seems to be a demand to move some of this across into bitcoin and Ether on-chain, which could explain some of the recent price rises – especially as former SVB (Silicon Valley Bank) clients are receiving their savings back from the FDIC (Federal Deposit Insurance Corp.) right now."\nRust noted that the collapse of crypto-friendly banks have eliminated valuable resources for investors and others eager to participate in the digital-asset ecosystem and alluded to rising regulatory pressures in the U.S. that may be creating obstacles to the industry\'s growth. "Many are trying to navigate the on and offramp situation and find loopholes," he wrote.\nThe byproduct of this turn of events could benefit Hong Kong, whose leading financial regulatory agency, the Securities and Futures Commission, has recently proposednew, more crypto-friendly regulations. The SFC is seeking public comment on the rules, which could establish a new licensing regime for crypto service providers and allow licensed platforms to serve retail investors under certain protections.\n"A lot of Asian customers that had crypto in SVB are now moving funds to Hong Kong where they can set up accounts and use the Hong Kong banking system to on and off ramp," Rust wrote. "Indeed, it\'s interesting to see that during these times, as the Western banking world is experiencing another crisis, that a small tax haven in China like Hong Kong is inviting crypto companies to work with them to identify new regulations that could be put in place to build a sustainable crypto economy."\nRust expects the recent unsettled relationship between decentralized finance, orDeFi, and TradFi to steady. "Over the long term, there will be a whole new on and offramp system between DeFi, crypto and the fiat world, as trust in centralized, regulated institutions has definitely had its back broken," he wrote. "There is no longer a need to keep all your funds in one bank, one central entity that holds all of your assets in custody, as who knows what will happen with that entity and ultimately your savings."\nHe added: "Markets always take a bit of time to readjust, reacquire confidence and find new paths and funding streams. Money will always move uphill, however.”\nMiami NFT Week\nMetaverse Fashion Week by Decentraland\nSpeech by Federal Reserve Board Governor Christopher Waller\nHKT/SGT(UTC)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Trading Volumes Spike to Billions of Dollars on South Korean Crypto Exchanges; SBF Legal Developments\nTrading volumes for XRP spiked to billions of dollars on Upbit, Bithumb and Korbit, three of Korea’s top exchanges by volume, on the back of the token\'s 26% rise in the past week. Gracy Chen, managing director at Bitget, and Mark Connors, head of research at 3iQ, joined the conversation. Plus, Nansen\'s Jason Meng discussed Binance\'s on-chain balance following the Commodity Futures Trading Commission lawsuit against the crypto exchange. And "First Mover" offered an update on Sam Bankman-Fried\'s legal developments ahead of a status hearing on Thursday.\nCircle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin:USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.\nBitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations:The company reiterated its 5.5 EH/s computing power target for the second quarter of this year.\n3 Strategies Crypto Firms Can Use to Land a New Banking Partner:After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships.\nBevy of Economic Data Barely Stirs Bitcoin, Ether:Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: The crypto market is ending the week flat. Insights: Stefan Rust, CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit. Prices By Sam Reynolds CoinDesk Market Index (CMI) 1,213 −2.1 ▼ 0.2% Bitcoin (BTC) $28,303 −3.4 ▼ 0.0% Ethereum (ETH) $1,813 +28.2 ▲ 1.6% S&P 500 4,050.83 +23.0 ▲ 0.6% Gold $1,998 +31.9 ▲ 1.6% Nikkei 225 27,782.93 −100.8 ▼ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Both bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813. Stock markets in Asia are in the green, with the Nikkei 225 opening 1%. Bitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. As Kaiko noted earlier this week, bitcoin trading is at its lowest level in eight months after crypto exchange Binance reintroduced trading fees. This is on top of the existing liquidity woes bitcoin now faces, as fiat pipelines dry up. Looking ahead to the next week there are a number of economic events that should spur traders’ interest. John Williams, president of the Federal Reserve Bank of New York , is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming ahead. With the U.S. government taking an apparent stand against crypto , traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly. Insights Stefan Rust Has a Few Things to Say About Banks and Crypto By James Rubin Has crypto really, finally, truly reached its breakthrough moment? Stefan Rust, a crypto investor and CEO of data aggregator TruFlation suggested that traditional finance may be approaching a tipping point amid multiple bank failures in the U.S. and near meltdowns at two banking giants in Switzerland and Germany, and that investor worries lie at the root of this week\'s surge in crypto prices. Story continues “It seems people are realizing that the banking crisis isn\'t really over and, given all the noise out there, a lot of people are starting to question the approach that they\'re taking to their savings and wealth management," Rust wrote. "I think many techprenuers and SVB clients will move some of their savings into crypto. He added: "Indeed, there already seems to be a demand to move some of this across into bitcoin and Ether on-chain, which could explain some of the recent price rises – especially as former SVB (Silicon Valley Bank) clients are receiving their savings back from the FDIC (Federal Deposit Insurance Corp.) right now." Rust noted that the collapse of crypto-friendly banks have eliminated valuable resources for investors and others eager to participate in the digital-asset ecosystem and alluded to rising regulatory pressures in the U.S. that may be creating obstacles to the industry\'s growth. "Many are trying to navigate the on and offramp situation and find loopholes," he wrote. The byproduct of this turn of events could benefit Hong Kong, whose leading financial regulatory agency, the Securities and Futures Commission, has recently proposed new, more crypto-friendly regulations . The SFC is seeking public comment on the rules, wh
**Last 60 Days of Bitcoin's Closing Prices:**
[22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-31
**Financial & Commodity Data:**
- Gold Closing Price: $1969.00
- Crude Oil Closing Price: $75.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $544,766,506,788
- Hash Rate: 328332326.2625294
- Transaction Count: 308386.0
- Unique Addresses: 732643.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Greenidge Restructures ~$76 Million of Secured Debt with NYDIG, Reducing Obligations to ~$17 Million , With Potential for Additional $10 Million Reduction Greenidge Restructures B. Riley $11 Million Promissory Note, Reducing Cash Obligations to ~$9 Million Enters into Hosting Agreements with NYDIG Affiliates With Gross Profit-Sharing Component to Allow Greenidge to Participate in Potential Bitcoin Price Appreciation Continues to Own ~10,000 Miners with a Capacity of ~1.1 EH/s Completes Sale of a Portion of Support.com for ~$3.0 Million Announces Selected Preliminary Fourth Quarter Financial Results FAIRFIELD, Conn. , Jan. 31, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today provided an update on the restructuring of its secured debt agreements with NYDIG ABL LLC ("NYDIG") and B. Riley Commercial Capital, LLC ("B. Riley"), as well as the execution of hosting agreements with NYDIG affiliates and also announced selected preliminary financial and operating results for the fourth quarter of 2022. "The debt restructuring we've announced today significantly improves our balance sheet and provides us with a clear path forward as we enter 2023," said Dave Anderson , Chief Executive Officer of Greenidge. "We appreciate the steadfast partnership of our secured lenders, NYDIG and B. Riley, who have collaborated with us to offer mutually beneficial solutions. These agreements have effectively reduced our secured debt balances with these lenders from approximately $87 million to approximately $26 million and have the strong potential to allow us to further reduce our debt. "We are actively working to secure and develop a new mining site, in partnership with NYDIG, which will reduce our debt by an additional $10 million . We are also actively pursuing the sale of excess real estate at our site in Spartanburg, South Carolina , which is expected to reduce our debt with B. Riley by an additional $6 to $7 million ." "The completion of this debt restructuring, coupled with the execution of the new hosting agreements, has significantly improved our immediate liquidity and allows us to continue participating in the future upside potential of bitcoin ," Anderson added. "The steps being announced today represent tangible progress in solidifying Greenidge's liquidity position while, at the same time, demonstrating the confidence of our lenders in our ability to execute in the future," said Tim Fazio , Chairman of the Board of Greenidge. "We appreciate the strong work of our Leadership Team and the partnership of NYDIG and B. Riley." Story continues "I want to congratulate the management team and Atlas for successfully restructuring the balance sheet and operations of Greenidge to benefit all stakeholders. We believe the company is well positioned to opportunistically take advantage of disruptions in the crypto industry," said Bryant Riley , Chairman and Co-Chief Executive Officer of B. Riley Financial, Inc. KEY DETAILS Debt Restructuring Greenidge has restructured the secured debt with NYDIG of approximately $76 million , including accrued interest, reducing it to approximately $17 million , with the potential to reduce it to approximately $7 million , as follows: Entered into an amendment to the amended and restated bridge promissory note in favor of B. Riley ("Promissory Note") regarding approximately $11 million of debt, including accrued interest, which included the following terms: Hosting Agreements Greenidge entered into certain five-year hosting agreements with NYDIG affiliates to host the miners transferred to NYDIG Includes a profit-sharing component allowing Greenidge to participate in the upside as bitcoin prices rise, but reduces Greenidge's downside risk of bitcoin price deterioration and cost increases related to natural gas Covers all of Greenidge's current mining capacity at the New York and South Carolina facilities, and may also cover capacity at a potential third site pursuant to satisfaction of certain post-closing covenants Greenidge's liquidity is improved by NYDIG's prepayment of certain amounts Mining Operations Greenidge will continue to own approximately 10,000 miners with a capacity of approximately 1.1 EH/s NYDIG Agreements On January 30, 2023 , Greenidge entered into a number of agreements associated with its secured debt with NYDIG, including a Membership Interest and Asset Purchase Agreement, a Senior Secured Loan Agreement and a Debt Settlement Agreement regarding its 2021 and 2022 Master Equipment Finance Agreements with NYDIG. The effect of these agreements was to transfer ownership of bitcoin mining equipment and certain credits and coupons that had accrued to Greenidge for previous purchases of mining equipment with a bitcoin miner manufacturer. The transfer of these assets reduced the principal and accrued interest balance of the secured debt with NYDIG from approximately $76 million to approximately $17 million , for an aggregate debt reduction of approximately $59 million . The Senior Secured Loan Agreement allows for a voluntary prepayment of the loan in kind of approximately $10 million by transferring ownership of certain mining infrastructure assets if NYDIG enters into a binding agreement, facilitated by Greenidge, securing rights to a site for a future mining facility within the next three months (the "Post-Closing Covenant"), which may further reduce the principal balance of the debt to approximately $7 million . The restructuring of the NYDIG debt will significantly improve Greenidge's liquidity during 2023 as annual interest payments on the remaining approximately $17 million principal balance would be approximately $2.6 million and may be reduced to approximately $1.1 million annually if the Post-Closing Covenant is satisfied. This reduced debt service is substantially lower than the $62.7 million of principal and interest payments which would have been required in 2023 pursuant to the 2021 and 2022 Master Equipment Finance Agreements, both of which have now been refinanced. Greenidge provided additional collateral on its remaining mining-related assets, infrastructure assets, equity of its subsidiaries and certain cash balances to secure the remaining debt balance with NYDIG. The loan agreement contains certain affirmative, negative and financial covenants, including the maintenance of a minimum cash balance of $10 million , early amortization events, and events of default. Greenidge and NYDIG affiliates have concurrently entered into certain five-year hosting agreements, whereby Greenidge agreed to host, power and provide technical support services, and other related services, to NYDIG Affiliates' mining equipment at certain Greenidge facilities. The terms of such arrangements requires NYDIG affiliates to pay a hosting fee that covers the cost of power and direct costs associated with management of the mining facilities, as well as a gross profit-sharing arrangement. B. Riley Amendment On January 30, 2023 , Greenidge entered into an amendment (the "Amendment") to its amended and restated bridge promissory note in favor of B. Riley (the "Promissory Note") regarding approximately $11 million of principal and accrued interest. The Amendment modifies the payment dates and principal and interest payment amounts, requiring no principal or interest payments until June 2023 and monthly payments thereafter through November 2023 . Under the Amendment, Greenidge's mandatory monthly debt repayments from proceeds of sales under the ATM Agreement or the equity purchase agreement have been reduced to 15% of the net proceeds, which significantly improves the Company's ability to raise additional liquidity. In addition, Greenidge would potentially reduce its monthly principal amortization payments from approximately $1.5 million to $400,000 per month, if it were to pay at least $6 million of principal debt prior to June 20, 2023 . Greenidge agreed to pay a $1 million dollar amendment fee to B. Riley payable in Greenidge's class A common stock valued at $0.75 per share. Under the terms of the Amendment, it was agreed that each of B. Riley and an affiliate of Atlas Holding LLC would purchase $1 million of Greenidge's class A common stock under the ATM Agreement. B. Riley will purchase stock on a principal basis at a price of $0.75 per share pursuant to the ATM Agreement and an affiliate of Atlas Holdings LLC will purchase shares at market prices through B. Riley acting in its capacity as sales agent under the ATM Agreement. Greenidge would be required to make a $1.9 million partial payment of the Promissory Note, reducing the principal balance due under the Promissory Note to approximately $9 million . Additionally, Greenidge is actively pursuing the sale of excess real estate that is not needed for the mining operations at its South Carolina property. Under the terms of the Promissory Note, if all or a portion of the South Carolina property is sold, the net proceeds from the sale are required to be used to repay the Promissory Note. The Company estimates that it would repay approximately $6 to $7 million of the Promissory Note if it were to complete a sale of the excess real estate. Support.com Asset Sale On January 17, 2023 , Greenidge completed the sale of an end-user software that its subsidiary, Support.com, marketed as a malware protection and removal software product for net proceeds of approximately $2.6 million . Select Preliminary Financial Results for the Fourth Quarter of 2022 For the three months ended December 31, 2022 , Greenidge expects to report revenue of approximately $15 million , net loss from continuing operations in a range of approximately $(120) million to approximately $(130) million and Adjusted EBITDA (loss) from continuing operations in a range of approximately $(6) million to approximately $(4) million . The GAAP net loss from con...
- Reddit Posts (Sample): [['u/OldLack7618', "The Bitcoin Economy - No One is Talking About Bitcoin's Biggest Problem!", 21, '2023-03-31 00:49', 'https://www.reddit.com/r/Bitcoin/comments/1271xn2/the_bitcoin_economy_no_one_is_talking_about/', "# The Bitcoin Economy\n\nBitcoin's disinflationary model may have the potential to create an economy where goods and services become increasingly affordable. Competition among businesses will skyrocket, and a focus on delivering services to consumers a priority. Bitcoin's deflationary model ensures that everything naturally decreases in value compared to Bitcoin over time, contrast to every other inflationary currency, including FIAT & gold.\n\nThis singularity blackhole-like effect will lead to a Bitcoin economy. Where people are less likely to spend and more likely to save, driving businesses to compete for the most productive/desirable products and services. This competition ensures higher quality goods, better decision-making, and compounding lower prices. Even governments will be forced to act in the best interest of the consumer, forced into an endless quest of finding productive means to continuously earn Bitcoin if they hope to remain in power.\n\n# The Problem\n\nIt is important to note that while Bitcoin is overall disinflationary, it still undergoes inflationary periods due to its current mining reward subsidy schedule. Bitcoin's rate of inflation slows over time through its halving cycles, but it is still technically inflationary until all remaining Bitcoin have been mined over the next 120 years.\n\nFor the Bitcoin economy to succeed as described, Bitcoin needs to transition from its current inflationary model to its deflationary end-state without failure. Without this transition, Bitcoin risks losing its most valuable quality; the promise of true digital scarcity.\n\nBitcoin's security model relies on its mining network, where the higher total mining hash-rate performed through honest miners, the higher entry cost barrier for bad actors to be able to perform attacks. This security model is currently sustained through the built-in incentive mechanism allowing miners to earn Bitcoin as a reward for contributing to the total hash-rate. However, once all Bitcoin have been mined, the only reward will be transaction fees. The question is; will these fees be sufficient to incentivize miners to maintain the network's security long-term?\n\nIn light of this concern, it is crucial to explore potential solutions to ensure a smooth transition from the current inflationary model to a truly deflationary one, while maintaining the security and integrity of the network.\n\n# Will Bitcoin Succeed?\n\nA few years ago, there was an article written on this topic by Dan Held called [Bitcoin's Security is Fine](https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8).\n\nThe article outlines a forecasted transaction fee model predicting that fees would increase over time. The purpose of this was to display a potential reduced need for mining more Bitcoin to reward miners sufficiently, and that transaction fees would suffice over time. The chart used in the article was created by [Awe\\_andWonder](https://twitter.com/Awe_andWonder), but the Twitter account has since been removed.\n\n[Awe\\_andWonder's chart forecasting tx fees to increase over time.](https://preview.redd.it/xq7gkhoq2yqa1.png?width=720&format=png&auto=webp&v=enabled&s=a7980fef8ebdc8304b295764b93ae56d491888d1)\n\nIf you are like me, you will notice that this is a forecasted assumption made in 2019, and not something that is guaranteed. Upon seeing this chart, I wondered how it looks today in 2023. Thanks to CoinMarketCap's recently released [Deep Dive video](https://youtu.be/8si1gB8siTA) on the topic, I was able to find this information.\n\n[Recreation of Crossover Point. We can see fees are not going up as anticipated.](https://preview.redd.it/smp4agxy3yqa1.png?width=1356&format=png&auto=webp&v=enabled&s=af55a04d1d2e2c76ebacc2778da7aa2a266d5712)\n\nAs of 2023, we can see that fees are not moving as originally forecasted, and are in fact lower than they have been since 2011 even though adoption has been growing consistently so far. Lower transaction fees are beneficial for making Bitcoin transactions more scalable. However, this lowering of fees pose a potential threat to Bitcoin's security model. If fees are not sufficient to reward miners, they may have to shut down their equipment due to costs of business. This could lead to lower hash rates from honest miners and a decrease in mining difficulty scaling. This could make it more cost-effective for opportunistic bad actors to attempt 51% attacks.\n\nFurthermore, the way Bitcoin's halving cycles work may inherently be flawed. As fewer Bitcoin are available to reward miners, a gradual decrease in number of willing mining participants could occur over time. This issue may be resolved naturally if Bitcoin's price roughly doubles every four years to compensate, but it's difficult to guarantee this level of adoption. It's essential to have consistent increasing demand and adoption over time to avoid a potential collapse through this potential security flaw. It is worth noting, that there may be some leeway in the required adoption rate going forward, as it is difficult to identify the base price which exponential doubling must begin. If this is in fact a legitimate issue, we may still have plenty of time before this issue presents any real harm.\n\n# Solutions?\n\nI've been struggling to find good resources with answers or solutions to this particular Bitcoin problem. That's why I'm creating this thread - I need help. I also want to bring attention to this issue, because I've hardly seen anyone discussing it openly, even though it could be a significant flaw.\n\nThe question we must ask is whether we're buying into a currency and story claiming inevitable success, when in fact, failure may be over the horizon. Currently, Bitcoin relies on inflation to function. Could it simply be impossible to create a truly deflationary currency that could work within the laws of physics in our reality? Perhaps there's a reason why true deflationary value has never existed before Bitcoin. I'm eager to find out more.\n\nI've noticed a lot of uncertainty regarding this topic within the Bitcoin community. Most other Bitcoin concerns have clear answers and solutions, but this one doesn't as far as I can find. Here are a few ideas I have come across so far:\n\n1. The Crossover Point chart might just be experiencing a setback and could recover at some point allowing transaction fees to increase over time as expected. I haven't found a way to prove this.\n2. The Lightning network could potentially help with this issue, as continuous adoption seems to be key to this issue. However, this solution has its own drawbacks, and it's unclear whether it can really solve the problem. See videos by [CoinMarketCap](https://www.youtube.com/watch?v=8si1gB8siTA&t=806s&ab_channel=CoinMarketCap) or [Till Musshoff](https://www.youtube.com/watch?v=8GUFpBr1mwA&t=68s&ab_channel=TillMusshoff) for info on this.\n3. Merged mining is another option, but I don't fully understand it. From what I've read, it may not be a certain solution, only a potential one. It involves Bitcoin mining simultaneously with other cryptocurrencies, but the value of those coins needs to be retained for this to work over the long-term. The two videos I mentioned earlier also mention this topic.\n4. One of my theories is that Bitcoin's natural adoption over the next 120 years, leading up to the final Bitcoin being mined, will increase the network's value enough that the problem will eventually disappear. As technology advances, computing and energy costs may decrease to the point where hashing is nearly free, and everyone naturally contributes to the network through various means. However, this raises concerns in bad actors having access to the same advancements and low costs creating a zero-sum game. There are other challenges to this idea as well which I may not be able to foresee.\n\n# My Potential Solution\n\nBitcoin's current design flaw is that it is finite in its divisibility, each bitcoin only divisible by 100 million satoshis. This means that eventually all bitcoin will be mined, and miners will only be incentivized by transaction fees which may not suffice as recognized earlier. To solve this issue, my proposed solution is to increase the level of divisibility by regularly updating bitcoin to add decimal points to the amount of satoshis per bitcoin.\n\nThis change would make Bitcoin permanently disinflationary rather than becoming deflationary by allowing the protocol to run out of satoshis to mine. As the level of divisibility increases, miners would be able to continuously mine smaller and smaller fractions of bitcoin as the supply of satoshis within each bitcoin inflate in supply. Coupled with Bitcoin's potential for exponential growth, the logarithmic behavior of increasing bitcoin divisibility like this could create a stable and sustainable mining incentive model.\n\nBy increasing the level of divisibility in this manner, the supply of bitcoin would not be affected, and bitcoin would remain capped at 21 million, thus not impacting its price. This would provide a sustainable model for miners to continue earning rewards for mining, as opposed to relying solely on transaction fees.\n\nThis proposed solution requires feedback and input from the community to be implemented effectively. However, the potential benefits of this solution include a sustainable mining model and a stable and disinflationary Bitcoin ecosystem.\n\nPotential issues:\n\n1. This idea is subject to further review at this time, as my understanding of it alone likely isn't good enough.\n2. I am unaware if there are any drawbacks to adding zeroes to the Satoshi count. (Increasing Each Bitcoin total Divisibility).\n\...
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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28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. Andrew Kelly/Reuters US stocks jumped on Friday, ending the first quarter on a positive note. A key price gauge showed continued signs that inflation is cooling off. The S&P 500 and Nasdaq have gained 6% and 17%, respectively, since the start of the year. US stocks rose higher on Friday, ending a tumultuous first quarter on a positive note as a key price gauge showed continued signs that inflation is cooling off. The Personal Consumption Expenditures Index — the Fed\'s preferred inflation measure — rose 0.3% in February from the prior month, lower than the expected 0.4%. The S&P 500 has gained 6% and the tech-focused Nasdaq Composite is up 17% since the start of the year. Meanwhile, the Dow Jones Industrial Average was nearly flat over the quarter. That comes after a rocky few months for markets. Investors began the year hopeful that inflation was easing enough for the Fed to cut rates soon. But sticky inflation data and hawkish Fed comments unwound those bets. Then the failure of Silicon Valley Bank and fears of a recession on the horizon whipsawed markets again. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,109.30, up 1.44% Dow Jones Industrial Average : 33,274.15, up 1.26% (415.12 points) Nasdaq Composite : 12,221.91, up 1.74% Here\'s what else is going on: The new bull market in stocks has begun , as history shows the bear narrative is falling apart, according to Fundstrat\'s Tom Lee. The Fed\'s rate hikes are a "megathreat" to the economy, according to "Dr. Doom" Nouriel Roubini. The banking crisis will have a "long tail" as risks move from economic to financial contagion, according to Mohamed El-Erian. First Citizens Bank, the buyer of SVB\'s assets , is run by a North Carolina family that\'s bought over 20 failed banks since 2008. The US dollar is about to "stare into the abyss," and will likely keep dropping, one analyst said. In commodities, bonds, and crypto: Oil prices traded mixed, with West Texas Intermediate up 1.49% to $75.47 a barrel. Brent crude , the international benchmark, slipped 0.26% to $79.68 a barrel. Gold edged lower 0.50% to $1,968.73 per ounce. The 10-year Treasury yield ticked lower five basis points to 3.494%. Bitcoin moved higher 1.44% to $28,341.38. Read the original article on Business Insider View comments', '• US stocks jumped on Friday, ending the first quarter on a positive note.\n• A key price gauge showed continued signs that inflation is cooling off.\n• The S&P 500 and Nasdaq have gained 6% and 17%, respectively, since the start of the year.\nUS stocks rose higher on Friday, ending a tumultuous first quarter on a positive note as a key price gauge showed continued signs that inflation is cooling off.\nThe Personal Consumption Expenditures Index — the Fed\'s preferred inflation measure — rose 0.3% in February from the prior month, lower than the expected 0.4%.\nThe S&P 500 has gained 6% and the tech-focused Nasdaq Composite is up 17% since the start of the year. Meanwhile, the Dow Jones Industrial Average was nearly flat over the quarter.\nThat comes after a rocky few months for markets. Investors began the year hopeful that inflation was easing enough for the Fed to cut rates soon. But sticky inflation data and hawkish Fed comments unwound those bets. Then thefailure of Silicon Valley Bankand fears of a recession on the horizon whipsawed markets again.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,109.30, up 1.44%\n• Dow Jones Industrial Average:33,274.15, up 1.26% (415.12 points)\n• Nasdaq Composite:12,221.91, up 1.74%\nHere\'s what else is going on:\n• The new bull market in stocks has begun, as history shows the bear narrative is falling apart, according to Fundstrat\'s Tom Lee.\n• The Fed\'s rate hikes are a "megathreat"to the economy, according to "Dr. Doom" Nouriel Roubini.\n• The banking crisis will have a "long tail"as risks move from economic to financial contagion, according to Mohamed El-Erian.\n• First Citizens Bank, the buyer of SVB\'s assets, is run by a North Carolina family that\'s bought over 20 failed banks since 2008.\n• The US dollar is about to "stare into the abyss,"and will likely keep dropping, one analyst said.\nIn commodities, bonds, and crypto:\n• Oil prices traded mixed, withWest Texas Intermediateup 1.49% to $75.47 a barrel.Brent crude, the international benchmark, slipped 0.26% to $79.68 a barrel.\n• Goldedged lower 0.50% to $1,968.73 per ounce.\n• The10-year Treasury yieldticked lower five basis points to 3.494%.\n• Bitcoinmoved higher 1.44% to $28,341.38.\nRead the original article onBusiness Insider', 'Looking for the best investing apps to get your financial life back on track? A solid finance app can handle routine financial tasks, shuffle money into investment accounts, and track spending . But the best investment apps can also let you quickly trade stocks, follow your account in real time, help you learn about the markets and more. Because they can do so much, investment apps have become increasingly popular. Here are some of the top apps for getting your finances organized and invested. All of these apps are great for beginners, and they make it easy for those just starting to invest or looking to play a stock-picking game for fun. Here are the best stock investment apps in May 2023: Betterment – Best app for automated investing Invstr – Best app for education Acorns – Best app for saving Wealthbase – Best app for trading games and contests Wealthfront – Best app for portfolio management Fidelity Investments – Best app for managing money all-in-one Robinhood – Best app for active trading Charles Schwab – Best app for beginners Ellevest – Best app for socially responsible investing Public – Best app for learning about companies Fundrise – Best app for direct investment in real estate A closer look at the top stock investment apps in May 2023 Betterment – Best app for automated investing Betterment is one of the largest and most popular robo-advisors, and for good reason. The app provides professionally managed portfolios using a selection of ETFs that’s calibrated against your own risk tolerance and when you need the money. Betterment can create socially responsible portfolios focusing on climate change or social impact. Minimum balance required: $0 for digital service; $100,000 for premium service Fees: Management fee of 0.25 – 0.40 percent of assets annually Why we like it: If you’re willing to stomach a bit more risk, the app can find you investments with a potentially higher return. If you need a safer portfolio, Betterment can do that, too. A robust (and free) cash management account. You can set up Betterment and then kick back while the pros do the rest of the work. Betterment charges a much smaller price than you’d pay for a traditional financial advisor . The app lets you set goals to invest for, such as a safety net or retirement, and there’s no account minimum. Story continues Who is it best for?: You like having a professionally managed portfolio for a low cost, along with a cash management account. Invstr – Best app for education Invstr is what you get when you mix learning, real-life investing and community into an app that’s designed to give beginning investors a way to get into stocks , especially if you like games. The app combines a fantasy stock game, where you can assist in managing a virtual portfolio, with access to investors’ thoughts on stocks and other investments. Minimum balance required: $0 Fees: $0, $3.99 for Invstr Pro. Can trade stocks, crypto and ETFs commission-free with a $5 minimum investment. Why we like it: The fantasy game gives you $1 million in virtual money, and you can use the app’s social network and news feed to source ideas. The month’s top performers win real cash, too. If you want to turn some of those fantasy picks into real-life stakes, you can buy fractional shares and whole shares commission-free in the app. The app will even give new users $30 worth of Bitcoin when they open and fund an account with $100. Invstr has also started offering commission-free trading in cryptocurrencies. Who is it best for?: You want to learn from an investing community, hear why they like certain stocks and play a fun fantasy game. Acorns – Best app for saving Acorns remains one of the most popular of the new breed of savings apps, because of how easy it is to use. You really don’t have to pay much attention once you’ve set it up. Minimum balance required: $0 for savings account Fees: $3 or $5 per month depending on the service tier Why we like it: Link a debit or credit card to your account, and Acorns will round up the total on purchases to the next dollar and invest that difference into one of a few ETF portfolios. The cost is a modest $3 per month for Acorns Personal, which includes the investment account, an individual retirement account (IRA) , a metal debit card and more. You’ll be able to open one of three IRA versions: the traditional, Roth or a SEP, and can roll over an existing 401(k) or IRA. This tier offers an FDIC-protected checking account, too, with no additional fees, fee-free access to thousands of ATMs and early access to direct deposits. Acorns chooses your portfolio based on the targeted time until your retirement (calculated as age 59 ½), becoming more conservative as you near that age – something to consider when choosing the app. For a total of $5 per month, you can add Acorns Family, which includes the features of the first tier as well as investment accounts for children. Who is it best for?: You like getting automatic investments while you’re spending without worrying about it. You like retirement investing without the hassle. Wealthbase – Best app for trading games and contests Wealthbase is a top player in the world of stock market games, and it may be the most user-friendly investing app out
**Last 60 Days of Bitcoin's Closing Prices:**
[23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-01
**Financial & Commodity Data:**
- Gold Closing Price: $1969.00
- Crude Oil Closing Price: $75.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $551,516,157,088
- Hash Rate: 326003728.2039299
- Transaction Count: 319646.0
- Unique Addresses: 702374.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Timothy A. Clary/AFP via Getty Images US stocks jumped as investors await the Fed's monetary policy decision on Wednesday. The central bank is expected to hike rates 25 basis points as inflation remains high. Bank stocks rallied as Treasury Secretary Janet Yellen said deposit insurance could expand. US stocks rose on Tuesday as investors prepared for the Fed's next interest rate decision while the bank sector rallied on prospects for more deposit insurance. Central bankers began their two-day Federal Open Markets Committee meeting and are set to deliver their next policy move on Wednesday afternoon. Markets are pricing in an 83% chance the Fed hikes rates by 25 basis points. Bank stocks rose after Treasury Secretary Janet Yellen said the government's deposit protection could be expanded. First Republic Bank stock jumped as high as 45%, a day after plunging to a record-low. Meanwhile, the SPDR S&P Regional Banking exchange traded fund surged 5%, its best day since January 2021. Here's where US indexes stood shortly after the close at 4:00 p.m. on Tuesday: S&P 500 : 4,002.89, up 1.30% Dow Jones Industrial Average : 32,560.60, up 0.98% (316.02 points) Nasdaq Composite : 11,860.11, up 1.58% Here's what else happened today: Investors think a systemic credit event is now the number one risk to the stock market, Bank of America said. Nouriel Roubini and Jeremy Grantham sounded the alarm for stocks in a new documentary. Billionaire investor Nelson Peltz said money flying out of banks was dangerous, and had an idea for the Fed to stop bank runs. Meta stock could surge 25% as its TikTok competitor and engagement show improvement, Morgan Stanley said. "Big Short" investor Steve Eisman thinks today's banking turmoil is nowhere near close to a repeat of 2008. In commodities, bonds and crypto: West Texas Intermediate crude oil rose 2.75% to $69.50 per barrel. Brent crude , oil's international benchmark, slipped 0.24% to trade at $75.14. Gold fell 2.06% to $1,937.70 per ounce. The yield on the 10-year Treasury rose 12 basis points to 3.606%. Bitcoin ticked higher 1.35% to $28,158.21. Read the original article on Business Insider...
- 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.
|
28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Find our list of the best betting apps for cricket betting in India below. New Delhi, India --News Direct-- Acroud Media Cricket is the biggest sport in India, meaning there is naturally plenty of betting interest in it from across the country. The best and most convenient place to bet on the sport is with cricket betting apps, where you can bet on the go via your mobile device any time you wish. These best cricket betting apps are legal and fully licensed to use by residents in India to bet on the biggest cricket events over the course of the year. Continue on to learn more about the best cricket betting apps in India and how to download them onto your mobile phone today. Best Betting Apps for Cricket Betting in India Betway bet365 1XBet Melbet Parimatch 22Bet BetWinner Dafabet 10Bet Rajabets Best Cricket Betting Apps There are plenty of real money cricket betting apps that can be downloaded in India, but not all of them can be trusted. We have featured the top 10 cricket betting apps in India in our online cricket betting app list below, all of which are fully licensed and trusted sites that you can put your faith in. These can all be downloaded today to place bets on in just a matter of minutes. 18+ Gambling Can Be Addictive. Please Play Responsibly. BeGambleAware GamStop Gambling Commission Betway Betway is a well-respected brand in multiple countries and has one of the best apps for cricket betting. The Betway app can be downloaded in a quick and easy fashion and has become extremely popular since launching in India. It comes packed with plenty of accepted payment methods and has a huge number of cricket betting markets for customers to browse. bet365 bet365 is a huge name in sports betting and is one of the best cricket betting brands around. They are without doubt one of the best betting apps in India for cricket with an enormous range of cricket markets available to bet on. There is also a low deposit amount available on bet365, making it an accessible betting app to bet on cricket. bet365 is also one of the best IPL betting apps thanks to the depth of their service. Story continues 1XBet Next on our list of online cricket betting apps is 1XBet, which has a fantastic betting app that is perfect for cricket betting. They have one of the best apps for cricket betting thanks to the quality of the app, which is quick and responsive and easy to use even for less experienced gamblers. 1XBet also comes with a low minimum deposit, making it easier for players to deposit and play. Melbet Established in 2012, Melbet is newer than some of the other brands that are featured on this list but still should be trusted nevertheless as they are fully licensed. New customers that download and sign-up to this cricket betting app can get their hands on a solid welcome bonus, as well as having access to their various cricket betting markets. Parimatch Parimatch allows its customers to bet on all of the most popular formats of cricket including test matches, T20 and one-day internationals with extremely competitive odds in these markets. Parimatch also has a vast selection of payment methods for their customers to choose from, as well as an extremely easy-to-use app. 22Bet 22Bet is renowned as one of the best online cricket betting apps thanks to the great betting experience provided to its players. They have one of the most in-depth selections of cricket betting markets and the strong selection of payment methods makes it easy to deposit and withdraw money. New customers at 22Bet can also claim a generous welcome bonus. BetWinner First coming into the market in 2018, BetWinner is a new cricket betting app with plenty to admire. Their platform is user-friendly on both iOS and Android devices and has the same functionality as the mobile site. It is easy to find the markets that you are looking for and they have plenty of cricket markets for their customers to choose between. Dafabet The next brand in our list of the top 10 cricket betting apps in India is Dafabet, which covers all major tournaments in cricket on its mobile platform. Users can take advantage of several INR payment options when using Dafabet, which accepts deposits and withdrawals in rupees. There is a real emphasis on cricket betting on this site, which is exactly what cricket bettors will want to see. 10Bet 10Bet is a popular brand for sports bettors in India, not least because of its excellent cricket offering. 10Bet’s mobile app is extremely easy to use and well-presented, allowing customers to place their cricket bets with minimal fuss. It is one of the most aesthetically pleasing cricket betting apps that is featured on this list. Rajabets Last but not least is Rajabets, which also has a cricket betting app in India that can be downloaded by residents. They officially accept Indian players and are a fully licensed and regulated brand, meaning you can put your trust in their services. Rajabets boast a strong selection of cricket betting markets from all across the world and competitive odds within them. How to download a Cricket Betting App If you are interested in downloading cricket betting apps in India onto your mobile device, you can do so in just a few simple steps. For iOS users, head over to the App Store and search for the brand that you are interested in and hit download. It is free to download all of the apps that are listed above. If you have an Android device, you will need to download the APK of your chosen betting site — ensuring that you do so from a verified and safe source, namely the betting site itself. Once you have downloaded the app onto your device, you will then need to create an account. How to create an account Click one of the links above to be taken to the sign-up page of your chosen cricket betting app. The best betting apps for cricket have made it an easy process to create an account online, which starts by entering personal details such as your name, date of birth and address. You will also be required to provide verification of your identity, as well as choosing a username and password that will become your login details. Once your account has been verified, you will then be able to log in using your downloaded cricket betting app, make a deposit and begin betting. How we choose the Best Betting Apps for Cricket When choosing the best online cricket betting apps, there are a number of factors that we look out for. This strict list of criteria must be met and ensures that only the very best cricket betting apps make it through and pass the test. We will look for each of the following factors when assessing the strength of a cricket betting app in India. Range of Cricket Markets First and foremost, we want to see that there is a strong selection of cricket markets for customers to bet on. It is important that the range of markets is diverse, ranging from one-day internationals and T20 matches to five-day test cricket. We want to see the biggest tournaments covered too, such as the ICC World Cup and IPL. The best cricket betting apps will also have a strong choice of markets for single matches, such as top batsman, top bowler and player of the match. Betting Offers & Bonuses Up next is the various betting offers and bonuses that the betting app is offering customers. The first thing we want to see is a strong welcome bonus available to new customers, giving them the opportunity to get settled on the new platform with an impressive bonus to use on top of their initial deposit amount. Further existing customer offers around cricket are another important factor, as these can help retain an interest in a cricket betting app once you have played through the initial bonus. The best betting sites and apps alike will all have a strong selection of betting offers. Security Unfortunately, there are plenty of cricket betting apps in India that aren’t what they appear to be and put users’ information in jeopardy. As such, we have only included fully licensed operators in our list of the best cricket betting apps in India to ensure your safety when placing bets using them. Easy To Use Nobody wants to be searching for an eternity looking for their preferred cricket betting markets and ultimately wasting their time. That is why we have only included brands that have produced easy-to-use betting apps for cricket in particular. As cricket is the biggest sport in India, it is no surprise there is a real emphasis on the sport with each of the available brands listed. App Speed Similar to the above, this relates to the usability and functionality of the cricket betting app itself. Any mobile app user wants to know the platform will be fast and responsive to actions and, in this case, enable you to place your cricket bets in a swift manner. Slow cricket apps have been left by the wayside. Customer Support If you run into any issues or have any questions regarding your cricket betting app, it’s important to know that help is on hand to assist you in any way possible. We like to see a variety of customer support options on offer from any brand, including a live chat service for the quickest response possible. Other customer support options you are likely to see include an FAQs section, email address, telephone number or even help via social media channels. Payment Methods Having a variety of payment methods is essential to ensure easy deposits and withdrawals from your online betting account. In India, one of the most popular is UPI, which is available through many of the listed cricket betting apps above. Other popular payment methods include Netbanking, Paytm, Google Pay, Skrill, PayPal, Neteller and cryptocurrencies like Bitcoin. Popular Cricket Tournaments To Bet On In India It is common for the best cricket betting apps in India to offer customers the opportunity to bet on the biggest and best cricket events throughout the calendar. There are some enormous annual cricket events that draw huge numbers of viewers and, as such, people who want
**Last 60 Days of Bitcoin's Closing Prices:**
[23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-02
**Financial & Commodity Data:**
- Gold Closing Price: $1969.00
- Crude Oil Closing Price: $75.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $540,364,677,112
- Hash Rate: 346961110.73132545
- Transaction Count: 341622.0
- Unique Addresses: 659613.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ether extended their declines in Tuesday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization, after regulators in the U.S. pulled up Binance, the world’s biggest crypto exchange, forallegedly violating trading mandates. Asian markets mostly gained on Tuesday, reflecting a rise in U.S. equities on Monday, as investor sentiment picked up following a slew of positive announcements that eased fears of a banking sector crisis.
See related article:Binance rejects U.S. charges of violating trading rules, manipulating markets
• Bitcoin, the world’s biggest cryptocurrency by market cap, lost 3.06% to US$26,960 in 24 hours to 4 p.m. in Hong Kong, according to data fromCoinMarketCap, declining 2.22% in the last seven days. Ethereum dropped 1.61% to US$1,724, after losing 0.6% on the week.
• BNB, the native token of the world’s largest crypto exchange Binance, saw the biggest decline among top 10 cryptos. The token dropped 5.19% in the last 24 hours to US$309, after the U.S. Commodity Futures Trading Commissionsaid Mondayit filed a “civil enforcement action” lawsuit against Binance and its top executives for allegedly breaking trading rules.
• XRP was the only token among top 10 cryptos to gain in Tuesday afternoon trade in Asia, climbing 5.61% to US$0.4843, and has risen 25.47% on the week. The gains come as Ripple Labs, whose payment network is powered by XRP,expects to win a lawsuitfiled against it by the U.S. Securities and Exchange Commission for allegedly selling US$1.3 billion in unregistered securities.
• The global crypto market capitalization dropped 1.96% to US$1.13 trillion, while the total crypto market volume gained 30.1% to US$43.42 billion in the last 24 hours.
• The Forkast 500 NFTindex fell 0.54% to 4,004.93 on the day and declined 3.34% on the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day.
• Asian equity markets mostly rose on Tuesday after concerns regarding a banking industry crisis eased. Hong Kong’sHang Seng Indexrose 1.11%, South Korea’sKospiincreased 1.07% and Japan’sNikkei 225gained 0.15%.
• TheShanghai Compositelost 0.19% and theShenzhen Component Indexdropped 0.72%, over concerns that Covid-19 related disruptions continue to hamperChina’s economic recovery.
• Gold slid 0.24% to US$1,951 an ounce, after falling 1% on Monday. The precious metal remains under its one-year high of US$2,000 that it touched last week.
• European bourses rose for a second consecutive day. The benchmark STOXX 600 gained 0.34% and Germany’s DAX 40 advanced 0.5%.
• European Central Bank President Christine Lagarde will speak at the opening ceremony of the Bank for International Settlements’ Innovation Hub Eurosystem Centre later Tuesday.
• London’s benchmark FTSE 100 rose 0.43% during the day, after Bank of England Governor Andrew Bailey said the country’s financial system is resilient and has robust capital, but warned that interest rates may move higher.
• See related article:Is our banking system obsolete?...
- Reddit Posts (Sample): [['u/Socialinfluencing', "The sentiment is extremely bullish right now, and it doesn't feel wrong.", 69, '2023-04-02 00:27', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/', "Right now Btc has shattered every bearish prediction to date, banks have failed, some even linked to crypto. The largest crypto exchange is being accused of some pretty serious criminal behaviour and Btc? Up. So far the crypto market seems to have absorbed all the worst news, hell even FTX feels like just some bad dream from long ago.\n\nInterest rates are sky high, historically speaking. Yet, what are we seeing? People always laugh at ' this time is different ' well this time is. Btc has never had to face interest rates this high, yet it's on a recovery path thus far. That's taking everything else into account. Then the US regulatory push, at this stage it feels like Btc and the market is undefeatable long term.\n\nIn the past, negative news of this magnitude and this much of it would have tanked the market. But it genuinely seems like average people are starting to believe in the space. The space seems to be looking forward rather than going purely off speculation which is the first signs of maturation in an asset class, it may take some time but Btc is defying all expectations currently.", 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/', '129110k', [['u/Mr_Bob_Ferguson', 11, '2023-04-02 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbf6d/', '>and it doesn\'t feel wrong\n\nOther than the macro economy being completely fucked.\n\nMaybe I am just more skeptical than others, as my belief is that we need to have a good macro in order for crypto (or anything) to go on a true extended bull run (rather than a short/medium term pump and then see things crash down again by 70% from ATH).\n\nPeople need disposable income in order to invest. People are hurting right now.\n\nI\'m talking more in terms of "long term strength", rather than a short/medium term run though.', '129110k'], ['u/Jocogui', 11, '2023-04-02 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbnzx/', "You're not being skeptical but careful instead", '129110k'], ['u/Elie0_0', 14, '2023-04-02 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbr56/', 'This time it will surely hit $100K', '129110k'], ['u/fan_of_hakiksexydays', 74, '2023-04-02 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelc5n0/', 'Sentiment is "extremely" bullish? Are you serious? Or did they run out of comedy tags because of April fools?\n\nEveryone keeps talking about recession, 2008 2.0, more banks collapsing.\n\nCrypto is back to FUD mode with regulation and the SEC going after Binance.\n\nBitcoin has been stuck around $28K. Greed index has dropped back from 64 to 61, on the edge of neutral. So we\'re a long way from being in FOMO mode, or even any thing very bullish in crypto\'s standards.\n\n​\n\nHowever, apart from that statement that doesn\'t seem to have taker an accurate measurement of the sentiments, I do agree that Bitcoin is not only resilient, but has had an impressive run considering all the headwind.\n\nMore importantly, showing to do well while banks are collapsing.', '129110k'], ['u/BlackSky2129', 27, '2023-04-02 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelo72o/', '> stuck around $28k \n\nIt jump from 19k to 28k in a week and is consolidating lmao', '129110k'], ['u/Psilodelic', 19, '2023-04-02 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelsu2z/', 'Bitcoin is up 70% on the year and people are still wondering when the bear market is over.', '129110k'], ['u/BlackSky2129', 18, '2023-04-02 03:00', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelts7l/', 'Those people bought at 50k, sold at 17k and are waiting for the “bottom” to buy back in', '129110k'], ['u/IamKingBeagle', 15, '2023-04-02 03:13', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelve3h/', 'I feel personally attacked and need a safe space.', '129110k']]], ['u/SharkStreet13', 'Amp no longer serving as the exclusive collateral currency is potentially awesome.', 31, '2023-04-02 00:55', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/', 'It’s taken me about two weeks to digest the Ampera Foundation launch. I think the most controversial concept that was introduced was that Amp will no longer be the sole coin to be used as collateral (it was already serving as a governance coin).\n\nVery simply, as long as Amp is the only coin used for rewards for collateralizing, it will be a bonanza for Amp holders. Once the new protocol is active, many currencies will be deployed as collateral. This project will provide new functionality to many other communities who will then earn Amp rewards for staking their crypto of choice. Tyler candles on steroids. \n\nYes, I am fully assuming that Amp will be the ONLY reward for staking on the new protocol, and I guarantee that I’m right. It only makes sense that if you’re deploying your Bitcoin for collateral that you would earn Amp so that you could participate in the governance of the platform.', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/', '1291s4w', [['u/escap0', 19, '2023-04-02 02:39', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jelr8xb/', 'That is the hope. But nothing has been announced. Nothing has been hinted at or implied.', '1291s4w'], ['u/alslaja', 15, '2023-04-02 08:05', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jemq03w/', 'I’ve waited 2 years already. Another 2 years? Why not?', '1291s4w'], ['u/gravityhashira61', 10, '2023-04-02 15:46', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jenr02z/', "All i know is that if AMP is going to become a governance token mainly then we do not need 100 billion tokens/ coins in circulation. That's WAY too many and we will never get any price appreciation with that number. There would have to be a massive token burn at some point to get the number down to a more reasonable number like Uniswap's or Compound's, which are also governance tokens. And supposedly Tyler is very close with the founder of Compound and they share ideas a lot. So i can see some similarities there, but we do not need 100 billion tokens in circulation if we will be stritcly governance. \n\nLook at the market caps/ token numbers of Sushi, Uniswap and Compound and you will see. \n\nOverall, I'm still very dissapointed from the AMA in that we are moving away from our original vision to disrupt the legacy payments and credit card space where AMP would collateralize any transacation from any merchant with any wallet. \n\nNow, we have been relegated to a boring asf governance token. \n\nBLAH......this is not what i signed up for.", '1291s4w'], ['u/TheAdviceDude', 13, '2023-04-02 17:12', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jeo23il/', 'One of the main issues with this project is the "soon"s never convert to real things, they just keep talking about other "soon"s to focus on.\n\n- new countries - soon\n- new merchants - soon\n- wallets - soon\n- stake-in-place - soon\n- shopify - soon\n- banking apps - soon\n- loyalty programs - soon\n- baseball stadium - soon\n- flipping the switch - soon\n- sdk - soon\n- identity kit - soon\n- spend kit - soon\n- scan kit - soon\n- ampera white paper - soon\n- ampera test net - soon\n- ampera website - soon\n- ampera protocol - soon\n\nthere\'s many other soons if people want to keep tagging on...\n\nbut hey, "just zoom out", amirite?', '1291s4w']]], ['u/Synthia_of_Kaztropol', "Let's go dancing at Totentanz !", 425, '2023-04-02 01:13', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/', "Totentanz is totally the best club in Night City ! \n\n\nIt has such friendly staff ! \n\n\n[Why yes, I do work out. Thanks for noticing, choom.](https://preview.redd.it/mxh3ip5sscra1.png?width=551&format=png&auto=webp&v=enabled&s=cc3def4967db7b0f696356492356a00be244e91b)\n\nThey have valet parking too ! \n \n\n[Free detailing is part of the valet parking service at Totentanz](https://preview.redd.it/ihlx2jibucra1.png?width=1233&format=png&auto=webp&v=enabled&s=fd44c549a4a1cc8b5b51fbbc7aae9545e0261f12)\n\n \nAnd interesting clientele to talk to !\n\n​\n\n[Just a perfectly normal conversation about the latest fashions in clubwear](https://preview.redd.it/dnthfd5btcra1.png?width=571&format=png&auto=webp&v=enabled&s=350483a7deeb9eba0483e1eba94844b9597aeb79)\n\nThere's never a long line for the restrooms \n\n\n[No problem of uncleaned urinals at Totentanz](https://preview.redd.it/1cpuz8yxtcra1.png?width=789&format=png&auto=webp&v=enabled&s=3a99e1b9c58cb2e3ef40439ee5a571f57bcb4623)\n\nDefinitely one of the most memorable nightclubs in all of Night City !", 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/', '12929pd', [['u/walkeroflonelyroads', 79, '2023-04-02 01:36', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jeljffl/', 'A nice chuckle to start the day off. Thanks for this!', '12929pd'], ['u/asheepleperson', 41, '2023-04-02 02:31...
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.
|
27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05
|
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:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: What turmoil? Bitcoin holds its perch above $28K. Other major cryptos mostly fall in weekend trading. Insights: Decentralized-focused tokens soared during the quarter. Their gains came as U.S. regulators zeroed in on centralized exchanges. Prices CoinDesk Market Index (CMI) 1,208 −13.8 ▼ 1.1% Bitcoin (BTC) $28,045 −377.2 ▼ 1.3% Ethereum (ETH) $1,788 −28.9 ▼ 1.6% S&P 500 4,109.31 +58.5 ▲ 1.4% Gold $1,979 +9.6 ▲ 0.5% Nikkei 225 28,041.48 +258.5 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Investors Continue Their Watchful Waiting Will April bring showers or more sunshine for bitcoin? The weekend offered few clues as the largest cryptocurrency by market capitalization kicked off the new month holding at late March levels as investors weighed recent events – bank failures, inflation and crypto-focused regulatory actions – that could push prices higher or drag them down. BTC was recently trading at $28,045, down 1.3% over the past 24 hours. It rose roughly 21% in March, despite a turbulent last two weeks in which markets teetered at times but always seemed to snap back above the $28,000 threshold. "Bitcoin has remained resilient over the last week or so, resulting in a general improvement in market sentiment," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. DiPasquale noted that bitcoin was trading above its 200-day moving average, "historically a strong indicator of bullish price action." But he also reflected uncertainty about BTC\'s path forward, calling "the $32K to $36K range ... an area of interest on the upside while $18K to $20K ... a strong range on the downside." Ether was also slightly up from the previous day to change hands at $1,788, down 1.6% but well within its range of the past two weeks. Ethereum developers now await the Shanghai upgrade, which is scheduled to occur April 12 and will mark Ethereum’s full transition to a proof-of-stake (PoS) network, enabling staked ETH withdrawals. Other cryptos in the top 25 by market value were largely in the red. Story continues ARB, the token of layer 2 blockchain Arbitrum, recently fell 7.4% to trade at $1.19. The decline came amid an uproar in the Arbitrum community over how the Arbitrum Foundation – a centralized company charged with promoting Arbitrum\'s claimed decentralized ecosystem – held a "ratification" vote over decisions it had already implemented, including sending nearly $1 billion in tokens to itself. On Sunday, the foundation said would break up its controversial governance package into a series of separate votes, bending to community pressure. Popular meme coins DOGE and SHIB were recently off 5.5% and 4.8%, respectively. The CoinDesk Market Index , a measure of crypto markets overall performance was recently down 1.2%. Equity markets closed an eventful, largely upbeat first quarter on a high with the tech-focused Nasdaq climbing 1.7% and the S&P 500 and the Dow Jones Industrial Average (DJIA) rising 1.2% and 1.4%, respectively. This week, investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S. Labor Department will announce March\'s nonfarm payrolls, with expectations for a 225,000-job spike, and the monthly unemployment rate, which is expected to remain at its current 3.6%. A hot jobs market has figured prominently in central bankers\' contemplations about the ongoing strength of the economy, which historically leads to higher inflation readings. In an interview with CoinDesk TV, Marc Chandler, Bannockburn Global Forex managing director and chief market strategist, said that "the financial stress that we saw earlier this month is receding." "This is allowing the market to focus on two things, which was before the banking stress," he said, adding a note of caution. "One is that the labor market remains fairly robust. And inflation is too high for the Federal Reserve." Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +3.0% Currency Decentraland MANA +1.9% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −6.6% Currency Loopring LRC −6.3% Smart Contract Platform Shiba Inu SHIB −5.4% Currency Insights A Banner Quarter for Decentralized-Focused Tokens A growing fear that centralized crypto infrastructure will be the target of U.S. regulators has driven tokens that provide decentralized alternatives to be some of the best performers this past quarter. (CoinMarketCap) CoinMarketCap data shows that tokens for protocols LidoDAO (LDO), dYdX (DYDX), and GMX (GMX) were some of the best performers over the last 90 days. LDO surged in February when the Securities and Exchange Commission (SEC) ordered Kraken to shut down its staking service and continued to rally when Coinbase’s CEO Brian Armstrong said a blanket staking ban was coming alongside a securities classification – a scarlet letter for any sort of crypto with U.S. exposure. As for DYDX and GMX, the demise of FTX gave the market a renewed interest in decentralized derivatives exchanges. “FTX and [sister company] Alameda, as far as we know, were incredibly centralized, controlled by a single person. These things metastasize because of human error,” Dan Gunsberg, creator of Solana-based derivatives exchange Hxro, said to CoinDesk in December. Like staking, there’s also significant regulatory interest in derivatives. Binance was recently sued by the U.S. Commodity Futures Trading Commission (CFTC) and its derivatives trading desk was front-and-center in the suit. Traders are looking for decentralized alternatives, which they feel are beyond the big-guns of American regulators and outside the crypto war conflict zone. But decentralized derivative exchanges also have their problems too. As CoinDesk recently reported , many are struggling with liquidity and a lack of available open interest means that they cannot sustain big orders. While not all decentralized derivative exchanges suffer from this problem, it does cast some doubt on how well the idea scales. While decentralization was a theme for the quarter’s best performers, the actual token that took first place was Conflux (CFX), up a whopping 1,622%, according to CoinMarketCap data . It’s not entirely clear what’s driving such an outsized gain. Sure, Conflux’s Blockchain SIM card has attracted some interest from investors, but right now its all theoretical and still in a trial phase. On-chain data shows that the number of transactions on the CFX chain are lower than what they were a year ago. But, this is crypto. And sometimes there’s not discernable data behind a token that pumps. Important events 9:00 a.m. HKT/SGT(1:00 UTC) Australia TD Securities Inflation (YoY/March) 3:55 p.m. HKT/SGT(7:55 UTC) Germany S&P Global/BME Manufacturing PMI (March) 10:00 p.m. HKT/SGT(14:00 UTC) United States ISM Manufacturing PMI (March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips as Fed\'s Preferred Inflation Gauge Rose 0.3% in February; What\'s Next for Binance? Bitcoin (BTC) was hovering around $28,000 as the PCE price index increased 0.3 percent in February. Bannockburn Global Forex chief market strategist Marc Chandler shared his crypto markets analysis. Plus, DappRadar head of research and analytics Pedro Herrera discussed decentralized finance\'s performance and the rise of interest in Arbitrum in the first quarter. Headlines Arbitrum’s First Governance Proposal Turns Messy With $1B ARB Tokens at Stake : The Arbitrum Foundation would get to side-step community governance when issuing “special grants.” Over 7,000 Players Successfully Converged in Yuga Labs\' Otherside Metaverse \'Second Trip\' : Thousands of non-fungible token holders joined the gamified experience last weekend, showing glimpses of what’s to come from the virtual world launching later this year. TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost : The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair. Investors Pour Money Into Crypto Investments for 4th Straight Month : Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare. U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month : The government will sell the remaining 41,490 BTC in four tranches this year.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:What turmoil? Bitcoin holds its perch above $28K. Other major cryptos mostly fall in weekend trading.\nInsights:Decentralized-focused tokens soared during the quarter. Their gains came as U.S. regulators zeroed in on centralized exchanges.\nCoinDesk Market Index (CMI)\n1,208\n−13.8▼1.1%\nBitcoin (BTC)\n$28,045\n−377.2▼1.3%\nEthereum (ETH)\n$1,788\n−28.9▼1.6%\nS&P 500\n4,109.31\n+58.5▲1.4%\nGold\n$1,979\n+9.6▲0.5%\nNikkei 225\n28,041.48\n+258.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Investors Continue Their Watchful Waiting\nWill April bring showers or more sunshine for bitcoin?\nThe weekend offered few clues as the largest cryptocurrency by market capitalization kicked off the new month holding at late March levels as investors weighed recent events – bank failures, inflation and crypto-focused regulatory actions – that could push prices higher or drag them down.\nBTC was recently trading at $28,045, down 1.3% over the past 24 hours. Itrose roughly 21%in March, despite a turbulent
**Last 60 Days of Bitcoin's Closing Prices:**
[23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-03
**Financial & Commodity Data:**
- Gold Closing Price: $1983.90
- Crude Oil Closing Price: $80.42
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,178,766,800
- Hash Rate: 305046345.6765345
- Transaction Count: 332870.0
- Unique Addresses: 681747.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was a good run: just under 48 hours. That’s how long the Chinese government allowed Damus, a decentralized, Apple-native Twitter alternative backed by Jack Dorsey, to live on the country’s version of Apple’s App Store. On Thursday, Damus announced the Cyberspace Administration of China (CAC) had demanded the app’s removal, due to alleged violation of national speech laws. Apple immediately complied with the request. That was fast pic.twitter.com/ntt9xW3AUr — Damus⚡️ (@damusapp) February 2, 2023 Damus is just one of several projects currently being built atop Nostr, a decentralized social media protocol favored by Dorsey. Last year, the Twitter co-founder donated 14 BTC (about $327,000 at writing) to fund Nostr’s development. The app also integrates the Bitcoin Lightning Network for payments. Nostr is an open-source protocol based on cryptographic keypairs that aims to become the foundation of a global, decentralized, censorship-resistant social network. Anyone can build an app on top of Nostr; on such apps, users can’t be banned, and posts can’t be censored, as clients are run by all users. Nostr developers created Apple-compatible Twitter analog Damus as a proof of concept of Nostr’s potential. Other projects built atop the protocol include would-be Telegram replacement Anigma and chess app Jester. Damus had only just launched globally on Tuesday after obtaining approval from Apple to be listed in the App Store. a milestone for open protocols... #nostr is now officially on the Apple App Store with @damusapp : https://t.co/GQmvPE5nfX — jack (@jack) January 31, 2023 While Apple, at the behest of national governments, can ban apps built on Nostr like Damus, no entity is able to censor Nostr itself. That selling point is the main reason free speech proponents like Dorsey have so vocally supported the protocol. Story continues Cats out of the bag 🐈 — Damus⚡️ (@damusapp) February 2, 2023 Dorsey has long advocated for the proliferation of censorship-resistant social media platforms. While acting as Twitter’s CEO in 2019, Dorsey funded a small team tasked with creating a decentralized social media protocol. In September, court records revealed that Dorsey implored Elon Musk , during Musk’s acquisition of Twitter, to transition the app to an “open source protocol, funded by a foundation.” Musk has not yet heeded that advice. In late January, the world’s second richest man stirred some controversy by censoring a BBC documentary critical of Indian Prime Minister Narendra Modi at the behest of the Indian government, per a report from The Intercept . Free speech advocates decried the decision to ban the film, which questions Modi’s role in a 2002 anti-Muslim massacre in Gujarat. . @ElonMusk really shouldn't be fighting #Nostr , since it's just about the only thing that can save his business. The fate of the old platform model over the next decade is clear. (cf. Daniel 5:5) https://t.co/yIrS6bJuFn — Edward Snowden (@Snowden) January 25, 2023 “Elon Musk really shouldn’t be fighting Nostr, since it’s just about the only thing that can save his business,” whistleblower and privacy advocate Edward Snowden tweeted at the time. “The fate of the old platform model over the next decade is clear.”...
- 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.
|
28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin seesaws and then stays below $28K; DOGE soars to its highest levels since December, while other cryptos are mixed. Insights: Will Indonesia\'s CBDC offer an alternative to Visa and Mastercard? Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices CoinDesk Market Index (CMI) 1,205 −1.4 ▼ 0.1% Bitcoin (BTC) $27,804 −191.6 ▼ 0.7% Ethereum (ETH) $1,810 +24.9 ▲ 1.4% S&P 500 4,124.51 +15.2 ▲ 0.4% Gold $1,999 +29.8 ▲ 1.5% Nikkei 225 28,188.15 +146.7 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Seesawing Day On a day of unverified rumors and soaring DOGE, bitcoin couldn\'t decide if it liked the air above $28,000 or below. The largest cryptocurrency by market capitalization was recently trading at about $27,680, down slightly more than a percentage point over the past 24 hours as investors did what they have done regularly for much of the past few months: make sense of disparate, sometimes unflattering but always interesting information. BTC spent Monday\'s first few hours (UTC) lingering below $28,000 before rising above the threshold through much of the midday and then tumbling again. BTC has clung tenaciously to handholds around this level since mid March despite a near banking meltdown that engulfed two crypto-friendly banks, and amid generally more favorable conditions for digital assets. "The current situation for bitcoin is pretty positive, that\'s the reality on the ground," crypto trader and author Glen Goodman told CoinDesk TV\'s "First Mover" program. Goodman noted that the "injection of new money into the economy" as a backstop by a "panicking" U.S. Federal Reserve to address the banking crisis boosted investor liquidity for certain stocks and cryptos. "People are feeling brave enough now with this new liquidity to get back into what they consider big, profitable companies like Microsoft, like Apple and likewise, in the crypto market, they\'re going for what are considered the safer cryptos, which are bitcoin and [ether]." Story continues Ether was recently trading just over $1,800, up slightly from a day earlier after seesawing above and below this level. Other major cryptos were mixed. Popular meme coin DOGE was an exception to the more modest price shifts as it rose more than 35% to top 10 cents for the first time since December after Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog logo (DOGE was recently up 25%). Musk has been an outspoken DOGE advocate, suggesting the meme coin may offer better payments functionality than bitcoin. Meanwhile, crypto markets were mulling an unverified rumor that an Interpol Red Notice had been issued for the Binance cryptocurrency exchange\'s founder and CEO, Changpeng “CZ” Zhao. “A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action,” according to the Interpol website . Neither Binance nor Interpol responded to a CoinDesk request for comment, although The Block reported the exchange had denied the rumor in an email to the publication. Binance\'s BNB token was recently down 0.3%. The CoinDesk Market Index , a measure of crypto markets overall performance, fell 0.6%. U.S. equity indexes were mixed, with the tech-heavy Nasdaq inching down but the S&P 500 and Dow Jones Industrial Average (DJIA) rising – all by a few fractions of a percentage point. In early trading in Asian markets, the Hang Seng fell 0.6% but the Nikkei was up 0.3%. In a separate interview with CoinDesk TV\'s "First Mover" program, Coinbase Head of Institutional Research David Duong noted that OPEC\'s unexpected decision to cut oil production could send inflation higher again, spurring investor interest in bitcoin because of the crypto\'s ability to hold value. "What we\'ve seen from OPEC definitely increases the chances that inflation could actually somewhat spark higher and therefore presents a macro opportunity for bitcoin as well," Duong said. "We\'ve already seen to some extent that bitcoin has been acting as an alternative to the traditional financial system, given what happened with SVB [Silicon Valley Bank] and the turmoil in the banking system." Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +25.7% Currency Shiba Inu SHIB +5.8% Currency Polkadot DOT +3.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −5.9% Currency Decentraland MANA −1.7% Entertainment Avalanche AVAX −0.6% Smart Contract Platform Insights Is Indonesia\'s CBDC Ready for a More Prominent Role? American credit card companies have significant control over the world’s commerce pipelines. Indonesia, with tourism playing a significant role in the economy, wants to change that. Earlier this month, the country’s president, Joko Widodo, better known as Jokowi ( many Indonesians only have one name ), said he wants the country to lessen its reliance on Visa and Mastercard in the name of national security. Indonesia is one of the few countries that declined to sanction Russia for its invasion of Ukraine. Between arms and oil sales , Jokowi has faced difficult choices in navigating relationships with both Russia and the United States, particularly as he must address the need to buy more oil to offset a staggering jump in energy costs as well as an American desire to ally countries in the region together to contain China. Tourist hotspot Bali, a favorite destination for Russian winter tourists, is feeling the economic pinch of the war despite being tens of thousands of kilometers away from the conflict zone. “Many Russian tourists who were visiting Bali could not pay for hotels and had to be kicked out of hotels because their credit cards could not be used," Erwin Haryono, executive director of communications at Bank Indonesia, said to CNBC Indonesia in March. Sanctions that Indonesia isn’t a party to prevent Visa and Mastercard from helping settle payments between Russian banks and Indonesian hotels, although the transaction wasn’t in U.S. dollars. “We have to remember the sanctions from the U.S. to Russia, Visa and Mastercard could be a problem," Jokowi said at the opening of the Business Matching of Domestic Products, as cited by CNN Indonesia. Financial sovereignty In response, the government has highlighted some domestic alternatives to being completely reliant on foreign payment rails. Jokowi wants Indonesia to be able to issue financial services such as credit cards independently, and has encouraged local and central governments to promote the use of the Domestic Government Credit Card (Kartu Kredit Pemerintah Domestik) and international Quick Response Code Indonesian Standard (QRIS). The Domestic Government Credit Card and the International Standard of Indonesian Quick Response Code system were developed by Bank Indonesia under the coordination of Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan. These Domestic Government Credit Card and Indonesian QR code systems are just payment rails, which could process a CBDC like the digital rupiah just as easily as any other fiat-issued currency. Mir knocked out of orbit Indonesia isn’t the first country to try to claim some financial sovereignty from Visa and Mastercard’s payment rails. Russia, at the center of U.S. sanctions, has tried to market its homegrown credit card competitor, Mir (named after the space station), as an alternative to Visa and Mastercard. But as Bloomberg reported last year, even countries that are friendly to Moscow are wary about allowing their banks to process and settle transactions from the card because of the threat of retaliatory sanctions from the U.S. Turkey, another popular tourist destination for Russians, but also a NATO member, stopped accepting the card in the middle of 2022. Vietnam, which is seeking to upgrade its relations with the U.S. to counter an aggressive China, had its banks abandon relationships with Mir. Thailand is also out. Mir is still used in Belarus, Cuba, Egypt, Kazakhstan, Kyrgyzstan, Tajikistan, Venezuela, and perhaps Iran. Indonesia\'s ambassador to Moscow said in January that it was still “considering” the question. Mir’s failure might give Indonesia a chance to promote its payment networks around ASEAN. Governments and central banks globally, even in countries neutral on the Ukraine war, were no doubt nervous about aligning with Russia – but Indonesia doesn’t have that political baggage. Important events Chainalysis Links Conference 12:30 p.m. HKT/SGT(4:30 a.m. UTC): Reserve Bank of Australia interest rate decision and statement 5 p.m. HKT/SGT(9 a.m. UTC): Eurostat producer price index (Feb/MoM/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Testing the $30K Mark; Coinbase Says U.S. Banking System Turmoil Spurs Bitcoin Outperformance Bitcoin (BTC) has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. "First Mover" dove into markets with "The Crypto Trader" author Glen Goodman. Meanwhile, crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin in particular outperforming, according to Coinbase. Coinbase Institutional Head of Research David Duong weighed in. Polygon co-founder Sandeep Nailwal and Policy 4.0 CEO and founder Tanvi Ratna also joined the conversation. Headlines Bitcoin, BNB Drop on Unverified Rumor Binance\'s CEO Faces Interpol Red Notice: Binance and its CEO were sued last week by the U.S. Commodity Futures Trading Commission over “willful evasion” of U.S. laws. Cr
**Last 60 Days of Bitcoin's Closing Prices:**
[23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-04
**Financial & Commodity Data:**
- Gold Closing Price: $2022.20
- Crude Oil Closing Price: $80.71
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $546,092,333,862
- Hash Rate: 377232885.4931189
- Transaction Count: 421130.0
- Unique Addresses: 809319.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Kevin Buckland
TOKYO, March 29 (Reuters) - The safe-haven U.S. dollar struggled to find its footing on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted.
The dollar index, which tracks the currency against six major peers, edged 0.08% higher to 102.57 in Asian trading, following drops of about 0.3% in each of the past two sessions. The weakness comes despite a rise in U.S. Treasury yields, also the result of ebbing demand for the safest assets.
The yen remained volatile in the run-up to the end of the Japanese fiscal year on Friday. The dollar jumped 0.59% to 131.68 yen, and touched a one-week high of 131.80.
The yen had dropped 0.5% the previous day, when it uncharacteristically moved in the opposite direction with long-term U.S. Treasury yields.
The 10-year benchmark U.S. yield pushed as much as 1.5 basis points higher to a fresh one-week peak at 3.583% in Tokyo trading, but was last little changed at 3.5677%. Last Friday, the yield had dropped to a six-month low of 3.285%.
"U.S. bond volatility has driven most of the volatility in dollar-yen, so it makes sense that we're closer to 130 than 140 because U.S. yields are that much lower," said Ray Attrill, head of foreign-exchange strategy at National Australia Bank.
Regarding Tuesday yen's rally, "it's not following the rules as one might expect, which maybe says that coming into fiscal year-end, must-do flows are having a disproportionate effect," Attrill added.
Elsewhere, the Australian dollar slipped 0.16% to $0.6698 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for the Reserve Bank to pause its rate hiking campaign next week. Futures now imply only a 5% chance of a rate rise, compared to 15% before the data.
The U.S. currency has lost ground as investors took solace in First Citizens BancShares' agreement to buy all of failed lender Silicon Valley Bank's deposits and loans, as well as overnight comments by Michael Barr, the Federal Reserve's vice chairman for supervision, that SVB's problems were due to "terrible" risk management, suggesting it could be an isolated case.
Still, traders remain very sensitive to signs of any further cracks in the banking system.
"Issues in U.S. banks will remain the dominant influence on the USD in the near term," Joseph Capurso, a strategist at Commonwealth Bank of Australia, wrote in a client note, pointing to the importance of weekly data on money market flows due later in the day, which "will likely highlight the shift of deposits out of small U.S. banks into large banks."
The euro drifted 0.1% lower to $1.0834 and sterling edged down 0.12% to $1.23265.
The risk-sensitive New Zealand dollar added 0.13% to $0.6261. Traders continue to price in a quarter point rate increase at the Reserve Bank of New Zealand's policy meeting next week.
Bitcoin rose to around $27,600, finding its feet following the problems at the world's biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC).
The token had dipped as low as $26,541 on Monday, after its retreat from a nine-month high of $29,380 last week.
(Reporting by Kevin Buckland; Editing by Shri Navaratnam and Jamie Freed)...
- 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.
|
28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Dogecoin dropped into the red late Tuesday, while bitcoin and ether rose solidly as crypto markets absorbed the latest jobs report.\nInsights:Jason Pagoulatos tied Binance\'s loss of market share largely to growing entanglements with regulators. He also opined about bitcoin\'s path forward.\nCoinDesk Market Index (CMI)\n1,241\n+37.1▲3.1%\nBitcoin (BTC)\n$28,594\n+751.3▲2.7%\nEthereum (ETH)\n$1,910\n+98.6▲5.4%\nS&P 500\n4,100.60\n−23.9▼0.6%\nGold\n$2,022\n−0.2▼0.0%\nNikkei 225\n28,287.42\n+99.3▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Bitcoin Rally Past $28.5K\nDOGE was down and so were jobs. But bitcoin wasn\'t.\nThe largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty.\nTrading and volatility were light. On Monday, BTC had tumbled below the $28,000 threshold it has largely surpassed over the past two weeks after a rumor spread that Binance CEO Changpeng Zhao faced an international law enforcement request to detain him. (Binancedenied the rumorin an email to The Block.)\n"Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya of Oanda, although he also noted that "the bitcoin bear case" was growing.\nEther (ETH) spent the day outperforming BTC and was changing hands above $1,900 for the first time since August. The second-largest crypto by market value was up 5.5% from Monday, at the same time.\nOther major cryptos were largely in the green, albeit lighter shades. MATIC, the token of layer 2 platform Polygon, and SOL, the token of the Solana blockchain, recently jumped 5.2% and 3.8%, respectively. Popular meme coin DOGE dropped 0.7%. The decline came a day after it climbed dramatically as Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird logo atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog. DOGE is up 21% from the start of the week.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently up more than 3%.\nU.S. equity markets fell slightly with the tech-focused Nasdaq and S&P 500 both closing down about a half-percentage point. But gold – the traditional, safe-haven asset – soared above $2,000, reaching its highest level since last March after a U.S. Labor Department\'s Job Openings and Labor Turnover Survey (JOLTS) report showed job vacancies falling below 10 million for the first time in almost two years, and a day after another report showed durable goods orders waning. The signs of economic decline coupled with ongoing inflation concerns have created a favorable backdrop for more conservative assets that historically hold their value through good times and bad.\n"A weakening economy continues to drive safe-haven flows towards gold," Oanda\'s Moya wrote. "The JOLTS report supported the view that the economy is steadily weakening its way towards a recession."\nHe added that investors should monitor bitcoin\'s price near the end of a Good Friday-shortened working week, and the U.S. Labor Department releases nonfarm payrolls (NFP) figures. "Bitcoin has had a key price barrier at the $30,000 level and if Friday’s NFP report shocks to the downside, we could see high-frequency trading systems and algos try to take advantage of any momentum opportunities," Moya wrote.\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.7%", "DACS Sector": "Currency"}]\nJason Pagoulatos Talks Binance and Bitcoin\nEven the giant among crypto exchanges, Binance, can\'t outrun bad news, the head of markets for crypto research firm Delphi Digital told CoinDesk TV in an interview Tuesday.\nJason Pagoulatos tied Binance\'s dramatic loss of market share over the past two weeks to its recent regulatory entanglements in the U.S. and beyond.\n"I would definitely say a pretty big contributor to the decline in market share you\'ve had these rumors of Binance being in trouble with global regulators," Pagoulatos said.\nBinance remains the top exchange for trading volume, but its market share has tumbled from about 70% to 54% since the final weeks of March. To be sure, the plungehas comeas the exchangehalted its no-fee tradingpromotion for 13 bitcoin spot trading pairs. Binance witnessed its lowest bitcoin (BTC) trading volume since July 2022 on March 27.\nBut the exchange has also lost ground after the U.S. Commodity Futures Futures Trading Commissionsued the exchange and founderChangpeng Zhao, alleging they offered unregistered crypto derivatives products in the U.S. against federal law.\nOn Monday, Binance suffered another blow when a rumor surfaced that Zhao faced an international law enforcement request to detain him, referred to as anInterpol Red Notice. On Twitter, Binance Chief Strategy Officer Patrick Hillmannwrote, "One of two things is true: 1. It\'s bulls**t; 2. A law enforcement agent is illegally leaking elements of a case file." He added: "My bet is #1."\nPagoulatos saw BTC\'s dip Monday following the rumor as a flight to safety. "When people are trading bitcoins, they\'re gonna be trading on places like Binance, Coinbase, Bybit," he said. "And when there are rumors of, say, the CEO of the biggest exchange being a wanted fugitive, people are obviously going to want to withdraw their money, sell their bitcoin, get it off as fast as possible."\nBitcoin has more recently rebounded above the $28,000 level where\'s its stood for large portions of the last two weeks. Pagoulatos hedged as to its future path. "We had this significant rally off $20K all the way up to $28K," he said. "And, like, $28K to $30K is a big area of significance. It\'s kind of where bitcoin was trading before Three Arrows Capital\'s collapse last year – that huge hedge fund liquidation event – so this area\'s going to be a tough spot for bitcoin to get through."\nHe added: "What\'s going to be interesting is what path bitcoin follows from here. Is it going to trade more in line with risk assets? Or does it trade more in line with what gold does?"\n4:15 p.m. HKT/SGT(8:15 UTC)United States ADP Employment Change (March)\n6:00 p.m. HKT/SGT(10:00 UTC)United States ISM Services PMI (March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Trade Balance (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Market Share Hits Lowest Since November After CFTC Lawsuit; Kevin O\'Leary on Crypto Markets Outlook\nCanadian crypto exchanges WonderFi, Coinsquare and CoinSmart have revealed plans to merge, creating what would be one of the world\'s largest crypto trading platforms. O\'Leary Ventures Chairman Kevin O\'Leary, along with WonderFi President and Interim CEO Dean Skurka, joined "First Mover" to discuss. Plus, The Tie co-founder and CEO Joshua Frank weighed in on dogecoin jumping after Twitter replaced its blue bird logo with the token\'s dog symbol. And FTX creditor Sunil Kavuri shared his thoughts on the future of the failed crypto exchange.\nOpenSea Launches OpenSea Pro, Courting Professional NFT Traders:As part of the launch, marketplace fees will return to the main OpenSea platform at 2.5%, while Pro users will have zero fees.\nArbitrum Governance Fracas Reopens the Question, Why DAOs?:A messy governance dispute over a major Ethereum scaling system has some complaining about “decentralization theater.”\nPolkadot Registers Trademark for Blockchain Communication Platform:The trademark filing mentions social networking software.\nCrypto Protocol LayerZero Raises $120M at $3B Valuation:The valuation is triple the level of the firm\'s previous funding round in March 2022.\nBinance\'s Market Share Hits Lowest Level Since November After CFTC Lawsuit, End of Zero-Fee Trading:The exchange\'s share of trading volume has dropped to 54% from 70% over the past two weeks.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Dogecoin dropped into the red late Tuesday, while bitcoin and ether rose solidly as crypto markets absorbed the latest jobs report.\nInsights:Jason Pagoulatos tied Binance\'s loss of market share largely to growing entanglements with regulators. He also opined about bitcoin\'s path forward.\nCoinDesk Market Index (CMI)\n1,241\n+37.1▲3.1%\nBitcoin (BTC)\n$28,594\n+751.3▲2.7%\nEthereum (ETH)\n$1,910\n+98.6▲5.4%\nS&P 500\n4,100.60\n−23.9▼0.6%\nGold\n$2,022\n−0.2▼0.0%\nNikkei 225\n28,287.42\n+99.3▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Bitcoin Rally Past $28.5K\nDOGE was down and so were jobs. But bitcoin wasn\'t.\nThe largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty.\nTrading and volatility were light. On Monday, BTC had tumbled below the $28,000 threshold it has largely surpassed over the past two weeks after a rumor spread that Binance CEO Changpeng Zhao faced an international law enforcement request to detain him. (Binancedenied the rumorin an email to The Block.)\n"Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya of Oanda, although he also noted that "the bitcoin bear case" was growing.\nEther (ETH)
**Last 60 Days of Bitcoin's Closing Prices:**
[23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-05
**Financial & Commodity Data:**
- Gold Closing Price: $2020.90
- Crude Oil Closing Price: $80.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $551,393,217,462
- Hash Rate: 323675130.1453304
- Transaction Count: 346885.0
- Unique Addresses: 719774.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: TORONTO , Feb. 21, 2023 /CNW/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (" Hut 8 " or the " Company ") announces that it received the Statement of Defence and Counterclaim (the " Counterclaim ") of Validus Power Corp. and its subsidiary, Bay Power Corp. (collectively, " Validus "). Hut 8 Mining Corp Logo (CNW Group/Hut 8 Mining Corp) The Counterclaim relates to the Company's ongoing dispute with Validus in respect of Validus' failure to meet its contractual obligations under the power purchase agreement it entered into with the Company as well as the associated lease between the Company and Validus at the Company's mining facility in North Bay, Ontario . In addition to denying the majority of allegations in the Company's Statement of Claim, Validus has brought counterclaims against the Company and is seeking monetary damages. The Company intends to pursue the claims set out in its Statement of Claim as previously announced. The Company considers the Counterclaim to be without sufficient merit and will vigorously defend all of the claims in the Counterclaim. As the matter is now before the court, Hut 8 does not intend to make additional comments on this subject unless otherwise determined to be appropriate. About Hut 8 Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin , blockchain, Web 3.0, and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario , all located in Canada , Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of unencumbered, self-mined Bitcoin of any digital asset miner or publicly-traded company globally. With 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0. Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come. Cautionary Note Regarding Forward–Looking Information This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's businesses, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely" or similar expressions. In addition, any statements in this press release that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among others, statements with respect to the North Bay facility and the expected outcome of any proceedings related to Validus. Story continues Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin network, further development and acceptance of the Bitcoinnetwork, changes to Bitcoin mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to digital asset exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of digital assets, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, failure to achieve intended benefits of power purchase agreements, potential for interrupted delivery, or suspension of the delivery, of energy to the Company's mining sites, and other risks related to the digital asset and data centre business. For a complete list of the factors that could affect the Company, please see the "Risk Factors" section of the Company's Annual Information Form dated March 17, 2022 , as well as its most recent Base Shelf Prospectus dated August 5, 2022 and Prospectus Supplement dated August 17, 2022 , and Hut 8's other continuous disclosure documents which are available on the Company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov . These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, projected or targeted and such forward-looking statements included in this press release should not be unduly relied upon. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and Hut 8's future decisions and actions will depend on management's assessment of all information at the relevant time. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/hut-8-provides-update-on-north-bay-facility-301751414.html SOURCE Hut 8 Mining Corp Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/21/c6898.html 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.
|
28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50
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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 OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States.\nWorking through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution.\n“The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the reportstated. One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one ofBlockstream’s neaerby Bitcoin mining facilities.\nAnothercase studyfocused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water.\n“What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate.\nEnvironmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey\nProof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first.\nMany modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing anotherwell-funded environmental campaignto do so.\nHowever, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (andsuspectedBitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money.\n“People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said toDecryptvia Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.”\nProof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF\nWhen asked by EWG about Blockstream’s noise pollution, Blockstream mining head Chris Cook described the facility as “barely audible... crickets are definitely louder.”\nLong-time Bitcoin developer Luke Dash Jr. also contested that Bitcoin was a source of environmental harm, arguing that the fiat currency system is much more harmful.\n“PoW is actually good for the environment,” he toldDecryptvia DM. “It makes clean energy like solar viable on its own, where previously it would typically require fossil fuel to compliment it.”\nMeanwhile, the developer dismissed proof of stake as a “scam,” referencing a 2015essaydescribing the system as “unworkable.”\n“By depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value,” stated the report’s author Andrew Poelstra.", "Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States. Working through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution. “The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the report stated . One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one of Blockstream ’s neaerby Bitcoin mining facilities. Another case study focused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water. “What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate. Environmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey Proof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first. Many modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing another well-funded environmental campaign to do so. Story continues However, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (and suspected Bitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money. “People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said to Decrypt via Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.” Proof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF When asked by EWG about Blockstream’s noise pollution, Blockstream mining head Chris Cook described the facility as “barely audible... crickets are definitely louder.” Long-time Bitcoin developer Luke Dash Jr. also contested that Bitcoin was a source of environmental harm, arguing that the fiat currency system is much more harmful. “PoW is actually good for the environment,” he told Decrypt via DM. “It makes clean energy like solar viable on its own, where previously it would typically require fossil fuel to compliment it.” Meanwhile, the developer dismissed proof of stake as a “scam,” referencing a 2015 essay describing the system as “unworkable.” “By depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value,” stated the report’s author Andrew Poelstra.", "Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States.\nWorking through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution.\n“The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the reportstated. One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one ofBlockstream’s neaerby Bitcoin mining facilities.\nAnothercase studyfocused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water.\n“What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate.\nEnvironmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey\nProof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first.\nMany modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing anotherwell-funded environmental campaignto do so.\nHowever, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (andsuspectedBitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money.\n“People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said toDecryptvia Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.”\nProof of Stake R
**Last 60 Days of Bitcoin's Closing Prices:**
[22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-06
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $543,950,339,400
- Hash Rate: 375327217.1632722
- Transaction Count: 354019.0
- Unique Addresses: 740308.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was thesecond consecutive weekof straight losses for leading cryptocurrencies.
The start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.
The pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.
Bitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.
Several leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.
Solana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.
After posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.
There were no significant gains among any of the leading cryptocurrencies this week.
There was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”
France’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.
Stateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.
Meanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”...
- 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.
|
27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is flat at $28K while ether is down 1.1% to $1878 as the market\'s hopium subsides.\nInsights:Twitter boss Elon Musk spurred a jump in DOGE and had the crypto world\'s attention again. But Musk\'s long-term benefit for the industry remains questionable.\nCoinDesk Market Index (CMI)\n1,221\n−7.6▼0.6%\nBitcoin (BTC)\n$28,067\n+48.4▲0.2%\nEthereum (ETH)\n$1,878\n−20.7▼1.1%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,024\n+2.8▲0.1%\nNikkei 225\n27,472.63\n−340.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,221", "\\u22127.6\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,067", "+48.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,878", "\\u221220.7\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+2.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,472.63", "\\u2212340.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia, here’s a look at how the markets are shaping up this Friday morning.\nBitcoin climbed out of the red as the market shifted from West to East while ether is slightly down.\nThe world’s largest digital asset is flat to $28,067, while ether is in the red down 1% to $1,878.\nBrent Xu, CEO of DeFi lender Umee, thinks there’s a gap between the market reality, and what the market wants to think.\nOn a recent appearance on CoinDesk TV, Xu pointed out that the mini-bull market that’s been forming since January 2023 has been largely driven by positive sentiment.\n“This is driven by three factors: tamed inflation, the market\'s belief that there will be no future interest rate increases, and the avoidance of a banking crisis,” he said. “So that’s what the market wants to think.”\nBut the wild card here is interest rates, especially if they continue to rise.\n“There\'s a big battle between the bulls and the bears right now,” he said on CoinDesk TV. “There\'s not as much liquidity and depth around, so that\'s why you see these volatile moves right now.”\nNext week the latest Consumer Price Index is scheduled to be released, which is key to determining inflation and thus directs the Fed’s hand on interest rates.\nThat’ll be a good update in the battle of bulls and bears.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+0.3%", "DACS Sector": "Currency"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.5%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}]\nIs Chief Twit Elon Musk Also Top DOGE?\nSo this is how mass adoption happens? Elon Musk, at least at one point the world’s richest man, replaced Twitter’s classic blue bird logo with a sprite of DOGE, the Shiba Inu dog known as much for the meme as the meme coin. Dogecoin spiked something like 40%, and hasn’t yet crashed. I hear there’s excitement brewing that DOGE could pump above the 10 cents threshold, which is proportionately one-tenth as exciting as when the so-calledproletariat investors of the GameStop eraattempted to drive dogecoin, sometimes un-ironically called “the people’s cryptocurrency,” past $1 (it didn’t work).\nDogecoin is apparently spiking because people believe that Elon Musk could soon integrate a permanent dogecoin payment system on Twitter, the microblogging platform he overpaid for ($43 billion). Twitter has several million daily active users, many of them high-profile, and if even just a small percentage begin transacting in DOGE – as a joke or not – it’s not completely irrational to speculate on that translating into a higher price. Mind you, Twitter already has payment/tipping features using the U.S. dollar and the Bitcoin Lightning network. The latter is rarely used, which gives some indication of how frequently the even-less-widely adopted and even-less-trusted crypto, dogecoin, would (or wouldn’t) be used.\nOf course, this is my attempt to ascribe meaning to crypto price moves. Prices are basically the only thing that matter in crypto, but rarely for any reason investors typically rely on when evaluating the expected return of an asset. Instead, crypto prices are almost a perfect reflection of market sentiment – or, to put it in the people’s language, vibe. The coronavirus shutting down the global economy? Bad vibes. Locked-down workers with excess cash turning into slap-happy day traders? Fun vibes. A massive stablecoin experiment crashing and burning? Bad vibes. The collapse of the U.S. banking revealing Bitcoin’s virtues? Apparently good vibes.\nElon Musk has manipulated the price of dogecoin in the past. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme. He apparently got a taste of something he enjoys – power through s**tposting – because he pulled similar moves again and again, each time raising the stakes as the joke grew stale. Heweighed inon a dispute between DOGE traders and crypto exchange Binance. Tesla, his car company, would allowDOGE payments. Musk planned to bring DOGE to space, with aSpaceX satellite launch. Over 30-some tweets up to the end of 2022, Musk pumped the price of DOGE by 4.5% on average, according to crypto-skeptical news siteProtos.\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC)United States Average Hourly Earnings (MoM/March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Nonfarm Payrolls (March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Unemployment Rate (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEther Dips Below $1.9K Ahead of \'Shapella\'; Japan Greenlights Bullish Web3 White Paper\nEthereum\'s Shanghai upgrade, also known as "Shapella," is expected to go live on April 12. It will mark Ethereum\'s complete transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. Runa Digital Assets Chief Operating Officer Max Williams and Umee CEO Brent Xu discussed. Plus, a closer look at Japan\'s new Web3 white paper that laid out recommendations for growing the country\'s industry. And, "The Crypto Lawyer" Irina Heaver shared her insights on the crypto industry in Dubai.\nMagic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad:After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.\nLido Stakers Can Expect Ether Withdrawals \'No Sooner Than Early May\':Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.\nStablecoin Tether\'s Market Capitalization Nears Record High of $83B:The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum\'s rival, Tron.\nJapan Approves Web3 White Paper to Promote Industry Growth in the Country:The document proposes more tax reforms, clearer accounting standards and a DAO law.\nHidden Inside MacOS, the Bitcoin White Paper:Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is flat at $28K while ether is down 1.1% to $1878 as the market\'s hopium subsides. Insights: Twitter boss Elon Musk spurred a jump in DOGE and had the crypto world\'s attention again. But Musk\'s long-term benefit for the industry remains questionable. Prices CoinDesk Market Index (CMI) 1,221 −7.6 ▼ 0.6% Bitcoin (BTC) $28,067 +48.4 ▲ 0.2% Ethereum (ETH) $1,878 −20.7 ▼ 1.1% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,024 +2.8 ▲ 0.1% Nikkei 225 27,472.63 −340.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,221 −7.6 ▼ 0.6% Bitcoin (BTC) $28,067 +48.4 ▲ 0.2% Ethereum (ETH) $1,878 −20.7 ▼ 1.1% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,024 +2.8 ▲ 0.1% Nikkei 225 27,472.63 −340.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia, here’s a look at how the markets are shaping up this Friday morning. Bitcoin climbed out of the red as the market shifted from West to East while ether is slightly down. The world’s largest digital asset is flat to $28,067, while ether is in the red down 1% to $1,878. Brent Xu, CEO of DeFi lender Umee, thinks there’s a gap between the market reality, and what the market wants to think. On a recent appearance on CoinDesk TV, Xu pointed out that the mini-bull market that’s been forming since January 2023 has been largely driven by positive sentiment. “This is driven by three factors: tamed inflation, the market\'s belief that there will be no future interest rate increases, and the avoidance of a banking crisis,” he said. “So that’s what the market wants to think.” But the wild card here is interest rates, especially if they continue to rise. “There\'s a big battle between the bulls and the bears right now,” he said on CoinDesk TV. “There\'s not as much liquidity and depth around, so that\'s why you see these volatile moves right now.” Story continues Next week the latest Consumer Price Index is scheduled to be released, which is key to determining inflation and thus directs the Fed’s hand on interest rates. That’ll be a good update in the battle of bulls and bears. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +3.8% Smart Contract Platform Avalanche AVAX +1.1% Smart Contra
**Last 60 Days of Bitcoin's Closing Prices:**
[22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-07
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,023,398,062
- Hash Rate: 338032942.1664877
- Transaction Count: 355031.0
- Unique Addresses: 739977.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Tokenized gold assets surpassed $1 billion in combined market capitalization on Tuesday, according todataby crypto price tracker CoinGecko, as gold’s price neared its all-time high.
Tokenizedgold is a type ofstablecointhat pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer. It offers investors a way to get exposure to the precious metal without the management fees of an exchange-traded fund (ETF) or the burden of storing gold bullions.
The two largest gold stablecoins – by far – arepax gold(PAXG), issued by the New York-based fintech firmPaxosTrust Company, andtether gold(XAUT), issued byTether, the same company behind the $80 billion-pegged stablecoinUSDT. At the time of publication time, the market cap of PAXG and XAUT is $518 million and $499 million, respectively, per CoinGecko data.
The price of gold, a traditional safe-haven asset, has risen since March amid investor concerns aboutflailing banksand a possible government bailout, which would lead to expanding fiat money supply and currency devaluation. Themetalwas trading at $2,021 per ounce on Tuesday, just some 3% off its all-time highrecordedin August 2020.
Bitcoin (BTC), which is often calleddigital golddue its program-coded supply cap, has rallied to as high as $29,000 from $20,000 in tandem with gold’s surge. BTC’s correlation with gold hit a multi-year high last week, surpassing equities, digital asset market research firm KaikoreportedMonday.
Read more:Bitcoin Is a Clear Winner of the U.S. Banking Crisis...
- Reddit Posts (Sample): [['u/z0uNdz', 'What if the next bull cycle is a let down', 20, '2023-04-07 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/', 'This isn’t a popular opinion, but the reality is the next bull after the halving may not be a blow off top.\n\nThink about it, each cycle usually coincides about 10-16 months after the btc halving. Why is that? It’s because mining btc gets more scarce every cycle, so demand generally increases.\n\nNow lets say, 2024 comes, we are still crabbing, and the next 12 months go by and we just continue to crab? There needs to be some sort of catalyst or available money from the masses to spark a bull cycle.\n\nWith current global conditions it may not be as hyped as everyone is expecting. We may still be facing record high inflation, be in a recession, facing mass layoffs, be involved in multiple wars, and have horrible regulation being passed by scared governments.\n\nThese are all possibilities that could derail or flat out eliminate a bull cycle. I hope it doesn’t happen, but we should temper expectations. And it very well could just take one of these events to flip, for good news to set in and that could be the catalyst. I hope we see that glorious green, but we should still take profits when we can.', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/', '12e0hf7', [['u/Consistent_Many_1858', 11, '2023-04-07 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8v8jk/', "If i don't take profits then it will be a let down for me. Just like the previous one was.", '12e0hf7'], ['u/unitys2011', 32, '2023-04-07 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8vcng/', 'Not a problem for Diamond Hands veterans', '12e0hf7'], ['u/Socialinfluencing', 12, '2023-04-07 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8vcoj/', "You can't only have bear markets, logic and reason eventually prevails. At some stage a bullrun will occur. People acting like we're in 1929 just before the great depression are likely as wrong as those that think everything is just fine.", '12e0hf7'], ['u/Hardbreachx', 11, '2023-04-07 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8w3kc/', "I have a trade wallet that shifts value, and a hardware wallet I don't plan to touch until 2035.", '12e0hf7']]], ['u/bmfalbo', 'Dr. Eric W. Davis, Ph.D, on Crash Retrievals and Special Access Programs in one of his last public interviews before his media embargo to maintain security clearances.', 146, '2023-04-07 02:17', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/', 'Full interview with OpenMindsTV: https://youtu.be/IeyBTChcTe4\n\n(Great interview overall, I would recommend checking it out!)\n\nFurthermore, here is the the clip from this interview I want to highlight and transcribed below: https://youtu.be/k2gjPRv4E7s \n\nTranscript of Dr. Eric W Davis on Crash Retrievals and Special Access Programs:\n\n"Yeah, we were working as subcontractors to Bigelow Aerospace\'s Advanced Based Studies who had the contract to the Defense Intelligence Agency (DIA).\n\nSo, uh yeah, **there have been crashes, uh, the superpowers on the Earth have had their share of crashes and they have recovered the vehicles from their crashes** so, uh, that\'s why shockingly I agree that even though these things behave like a conscious psychic entity, they do have a advanced technology, they have hardware and uh there\'s a craft and there\'s occupants or UFO-nauts and he (Jacque Vallee) calls them that, shockingly calls them these euphemisms, so there\'s uh UFO-nauts running these craft.\n\nUh, the point is that, uh, that the way these things are operating they go way outside the envelope of our engineering and physics technologies and uh I can guarantee you that no laws of physics are broken whatsoever, it is just that it\'s either the existing ones that we have but we haven\'t, uh, extrapolated it further enough or expanded it enough into realms or say areas of phase space where we could discover new solutions to these existing physical laws which would give us advanced propulsion and power that would produce this type of technology once you have an engineering and manufacturing technology to create these things so that\'s where we\'re at and these things don\'t look like anything that we can manufacture on Earth.\n\nSo, we don\'t have the manufacturing or industrial technology for it or the likes, for example. That\'s what the 38 papers that the DIA wanted in their taskforce with their bigger Aerospace Advanced Space Studies contract was to take the physics and engineering of 2009 and 2010 and have it extrapolated to 2050. \n\nAre we going to be able to have the physics and engineering and the technology industrial base that\'ll produce a vehicle that\'ll match the Tic-Tacs and on the flip side of that, boy, that would be wonderful if we could get there because commercially it would revolutionize transportation and energy on the Earth and **the interesting thing is today there\'s a big move away from Special Access Programs.**\n\nThey\'re extremely costly to maintain. Extremely Costly. Let me tell you this, uh, the cost to maintain information personnel and physical security for a special access program can be tens of times larger than the cost of the program itself.\n\nThe purpose of a black program with the special access program security rep is you\'ve got to limit the information and exposure to the information to as few people as possible in order to produce the maximum security protection against espionage by the enemy."', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/', '12e37n1', [['u/PoopDig', 57, '2023-04-07 02:19', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf995qg/', 'I see Eric Davis. I upvote', '12e37n1'], ['u/Praxistor', 26, '2023-04-07 02:24', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf99rvk/', 'I see PoopDig see Eric Davis. I upvote', '12e37n1'], ['u/bmfalbo', 19, '2023-04-07 02:43', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9cbro/', "I don't want to even imagine where we would be today without him.", '12e37n1'], ['u/PoopDig', 18, '2023-04-07 02:47', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9cy0z/', 'The day we hear from him again is going to be nuts', '12e37n1'], ['u/im_da_nice_guy', 14, '2023-04-07 03:18', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9guj3/', 'Dr. Davis is the man. He is our last, best, hope. Godspeed Dr. Davis. May you bring down the whole fucking thing.', '12e37n1']]], ['u/rayku22', '[CUSA34388] God of War Ragnarok Update v4.00 + DLC Fully Backported', 86, '2023-04-07 03:59', 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/', "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\n\nCredits to Fugazi for the DLC! Special thanks to Jocover and Opoisso for the help!\n\nNotes: 5.05 / 6.72 / 7.02 / 7.50 / 9.00 Backport! Phew what a pain in my ass! Turns out the location where jocover wrote me the code in last time was causing issues on this update, this was driving me crazy! I figured it out by checking that the only difference between my version and opoisso's and so i fixed it that way! All CUSA of the same region uses the same DLC!", 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/', '12e5w89', [['u/Old-Anything3060', 12, '2023-04-07 08:20', 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/jfad23n/', 'Please add cusa34384', '12e5w89']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 07, 2023', 31, '2023-04-07 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https:...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04
|
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:**
['When we thought the dust had settled from Blur and OpenSea’sbattlefor buyers,OpenSea, the largestnon-fungible token (NFT)marketplace, has re-ignited the war by releasing their own “pro” trading tools this week.\nTechnically more of a rebranding than a new product, OpenSea has repackaged their trading tools that existed under the name Gem, and rebranded them as an elite suite for all traders.\nNow using the name OpenSea Pro, the king of marketplaces is giving traders over 170 listings all in one spot, floor-sweeping tools, inventory management options, collection and trait offers, and quite a bit more.\nIt’s a package that has been long overdue, and with these new tools, OpenSea hopes to stymie the bleeding out of their user base that had been flowing over to Blur.\nNew tools are great, but what’s in it for traders?\nThey’re not getting rewards like the BLUR token delivered to traders on the Blur marketplace. OpenSea is looking to reward traders with a different type of token, beginning with an NFT that is free to claim for previous Gem users. The first reward,Gemesis, is a limited edition NFT to celebrate OpenSea’s new milestone moment.\nFor now, we can only speculate on what future OpenSea NFTs will be, but I’m hoping for good old-fashioned art rewards, and maybe some exclusive tokens that will give on-site access to tools or early access to mint. The sky is the limit when it comes to creative utility that can be given through NFTs. At times CryptoSlam offers aSkyBox NFTthat allows the holder advertising space at the top of the leaderboard. Let’s see if OpenSea took notice.\nOpenSea Pro’s impact on the market so far has been a nonfactor, with the two days since its launch being some of the slowest days of trading we’ve seen this year. The Forkast 500 NFT Index reflects this cooling off, showing the market down 1.22% since OpenSea Pro’s release.\nMultiple marketplaces now offer tools that allow faster, more precise, and bulk trades.\xa0This is putting us on a path for a new phase of NFTs. As NFTs continue to lose value, most will eventually reach a low enough price that traders can trade NFTs like crypto. With an unlimited supply of NFTs, and without the “penalty” of platform fees, I expect NFTs to be traded at high volume, with traders looking for tiny percent gains.\nThis is more likely to happen on Layer 2 blockchains where gas fees are cheaper, but it seems like a natural progression for day trading NFTs. While markets are hard to predict, traders are not. If there’s profit to be made, you can bet that traders will find that profit.\nThere’s plenty to celebrate in the NFT space still,\xa0including 0% platform fees returning to OpenSea, new NFTs from Yuga Labs, Bitcoin Stamps, incredible art being created on the blockchain and, of course,NFT NYCnext week.\nCryptoSlam andForkast.Newswill be at NFT NYC from April 12 to 14 and we have some exciting news to announce there. We’re always excited to meet the Slamfam, so if you’ll be attending stop by and say hello!', 'When we thought the dust had settled from Blur and OpenSea’s battle for buyers, OpenSea , the largest non-fungible token (NFT) marketplace, has re-ignited the war by releasing their own “pro” trading tools this week. Technically more of a rebranding than a new product, OpenSea has repackaged their trading tools that existed under the name Gem, and rebranded them as an elite suite for all traders. Now using the name OpenSea Pro, the king of marketplaces is giving traders over 170 listings all in one spot, floor-sweeping tools, inventory management options, collection and trait offers, and quite a bit more. It’s a package that has been long overdue, and with these new tools, OpenSea hopes to stymie the bleeding out of their user base that had been flowing over to Blur. New tools are great, but what’s in it for traders? They’re not getting rewards like the BLUR token delivered to traders on the Blur marketplace. OpenSea is looking to reward traders with a different type of token, beginning with an NFT that is free to claim for previous Gem users. The first reward, Gemesis , is a limited edition NFT to celebrate OpenSea’s new milestone moment. Gemesis For now, we can only speculate on what future OpenSea NFTs will be, but I’m hoping for good old-fashioned art rewards, and maybe some exclusive tokens that will give on-site access to tools or early access to mint. The sky is the limit when it comes to creative utility that can be given through NFTs. At times CryptoSlam offers a SkyBox NFT that allows the holder advertising space at the top of the leaderboard. Let’s see if OpenSea took notice. OpenSea Pro’s impact on the market so far has been a nonfactor, with the two days since its launch being some of the slowest days of trading we’ve seen this year. The Forkast 500 NFT Index reflects this cooling off, showing the market down 1.22% since OpenSea Pro’s release. Multiple marketplaces now offer tools that allow faster, more precise, and bulk trades.\xa0This is putting us on a path for a new phase of NFTs. As NFTs continue to lose value, most will eventually reach a low enough price that traders can trade NFTs like crypto. With an unlimited supply of NFTs, and without the “penalty” of platform fees, I expect NFTs to be traded at high volume, with traders looking for tiny percent gains. Story continues This is more likely to happen on Layer 2 blockchains where gas fees are cheaper, but it seems like a natural progression for day trading NFTs. While markets are hard to predict, traders are not. If there’s profit to be made, you can bet that traders will find that profit. There’s plenty to celebrate in the NFT space still,\xa0including 0% platform fees returning to OpenSea, new NFTs from Yuga Labs, Bitcoin Stamps, incredible art being created on the blockchain and, of course, NFT NYC next week. CryptoSlam and Forkast.News will be at NFT NYC from April 12 to 14 and we have some exciting news to announce there. We’re always excited to meet the Slamfam, so if you’ll be attending stop by and say hello!', 'Growing up in Malawi, Grey Jabesi spent most of his childhood sleeping on a sand floor. But rather than pursue a path of hard labor on tobacco or cattle farms, Jabesi dreamed of a different life. Upon graduating from high school, he traveled over 2,000 miles to Cape Town, where he marked time as a gardener and laundromat operator while looking for a big break. The eureka moment came in 2013, when Jabesi attended a Reddit AMA where Bill Gates praised Bitcoin’s potential for regular folks to make routine payments in developing countries. The youngster was sold. He started accepting Bitcoin for odd jobs in coding and graphic design. Realizing that he could exchange the signature crypto for U.S. dollars and local currencies, he pivoted to full-time day trader and crypto evangelist.\nJabesi’s trading flourished over the next several years as Bitcoin’s price kept surging. In 2020, he learned of the “Affiliate Program” offered by Binance, the company that in just two years had raced from nowhere to reign as the world’s largest crypto exchange. Having built a following of upwards of 8,000 followers across platforms, Jabesi qualified as a recruiter who could earn big commissions on the trades placed by every user he attracted to register on the global Binance platform. With every trade his referred users make, Binance sends Jabesi rewards equivalent to as much as 40% in commissions. Now, Jabesi says, he makes between $3,000 and $5,000 every month. “I’m from Africa, and if someone sees me standing next to a Lambo dressed nice, at some place that they could never imagine themselves, it will make them believe that ‘Okay, this crypto thing seems to be real, if this guy can make it, I can, too,’” says Jabesi.\nNobody does FOMO quite like crypto influencers. In Sweden, Carl Runefelt uses the handle @TheMoonCarl and invites his 255,000Instagramfollowers to pine over his 1,001-horsepower Bugatti Veyron, tour what he describes as "my yacht" in the Monaco harbor, and his $1 million watch. He even paid to have his face appear on a Formula 2 race car as a high-speed billboard for his brand. In Costa Rica such riches are attainable, at least if you sign up for Finnish “online entrepreneur” Roope (Robert) Kiuttu\'s Binance Affiliate Rewards Bootcamp, a seven-step training program in which aspiring members learn such skills as “transform[ing] your invitees into active users.” And in Manilla, Archie Lim, known to his nearly 100,000 TikTok followers as @archielim.eth, can be found touting the potential upside of myriad coins while inviting viewers to tour the world (he\'s recently been spotted on social media riding the Binance jeepney in Manilla, and posting from a summit in Vietnam).\nWe may be deep into a Crypto Winter, but may not know it perusing some accounts of commission-based influencers around the world who have become a key part of the growth strategy for Binance. Binance incentivizes influencers to rapidly sign up their followers using affiliate codes, then the original influencer gets a cut of every trade each follower makes for their lifetime on the platform. Multiple sources toldFortunethat Binance’s affiliate arm is focused on enlisting influencers whose followers are below the age of 35 and live in developing nations. Crypto proponents argue that such networks expand access to new forms of investment to underserved populations who have been largely ignored by traditional financial institutions. And for those atop the trading structure, the rewards can be huge: A Binance blog post from 2019 reported that the top affiliate made $10.4 million in two years. In an email toFortuneresponding to questions for this story, a Binance spokesperson stated that fewer than 50 affiliates earn over $1 million a year. Still, that means many of these whales are netting paydays that would make Wall Street investment bankers envious.Fortuneinterviewed Binance affiliates in Argentina, Dubai,
**Last 60 Days of Bitcoin's Closing Prices:**
[23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-08
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,172,301,581
- Hash Rate: 349935510.5526316
- Transaction Count: 318505.0
- Unique Addresses: 661759.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Pune, India - (NewMediaWire) - March 7, 2023 - [125+ Pages Report] According to Absolute Reports, the Global "Crypto Wallet Market" Size is projected to Reach Multimillion USD by 2027, In comparison to 2022, at unexpected CAGR during the forecast Period 2023-2027. The Market Key Players are listed in the report with their sales, revenues and strategies are [Bitcoin.com, Exodus, BitPay, BRD, BitMex, ledger, Bittrex, Coinbase, BitGo, Gemini, Trezor, Binance, Bitfinex] and others.
Get a Sample PDF of report on Global Crypto Wallet Market (Including Full TOC, Tables & Figures, and charts) Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region. (Ask For Sample Report)
Client Focus1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Crypto Wallet market?Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Crypto Wallet Industry.
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Crypto Wallet Industry.
TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE
Furthermore, our report also provides detailed information about the usage of Crypto Wallet products and services, as well as a comprehensive analysis of the pricing trends in the market. Moreover, the report provides insights into the regulatory landscape governing the use of Crypto Wallet and highlights potential opportunities for growth. Thus, this report is an invaluable resource for buyers for determining their investment decisions in the Crypto Wallet market.
Get a Sample PDF of report -https://www.absolutereports.com/enquiry/request-sample/21492291
Crypto Wallet Market - Competitive and Segmentation Analysis:
2. How do you determine the list of the key players included in the report?With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Short Description About Crypto Wallet Market:
The Global Crypto Wallet market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2027. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
The global Crypto Wallet market size was valued at USD 1470.9 million in 2021 and is expected to expand at a CAGR of 29.81% during the forecast period, reaching USD 7036.81 million by 2027.
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Crypto Wallet market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.
Get a Sample Copy of the Crypto Wallet Report 2023
3. What are your main data sources?Both Primary and Secondary data sources are being used while compiling the report.Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
What segments are covered in the Crypto Wallet Market?
The Global Crypto Wallet Market is segmented into Product Types, Applications, Key players and Geography
What are the key factors driving the growth of the Crypto Wallet Market?
Growing demand for Hot Wallets, Cold Wallets around the world has had a direct impact on the growth of the global Crypto Wallet market
What are the upcoming trends of Crypto Wallet market in the world?
Increasing adoption of Software, Hardware, Paper Wallets is major trend in marrine battery industry
What are the key regions in the global Crypto Wallet market?
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Crypto Wallet Market Research/Analysis Report Contains Answers to your following Questions
• What are the global trends in the Crypto Wallet market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Crypto Wallet? What are the upcoming industry applications and trends for Crypto Wallet market?
• What Are Projections of Global Crypto Wallet Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Crypto Wallet? What are the raw materials used for Crypto Wallet manufacturing?
• How big is the opportunity for the Crypto Wallet market? How will the increasing adoption of Crypto Wallet for mining impact the growth rate of the overall market?
• How much is the global Crypto Wallet market worth? What was the value of the market In 2020?
• Who are the major players operating in the Crypto Wallet market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Crypto Wallet Industry?
Customization of the Report
4. Can I modify the scope of the report and customize it to suit my requirements?Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
Inquire more and share questions if any before the purchase on this report at -https://www.absolutereports.com/enquiry/pre-order-enquiry/21492291
Detailed TOC of Global Crypto Wallet Market Insights and Forecast to 2027
Global Crypto Wallet Market Research Report 2023-2027, by Manufacturers, Regions, Types and Applications
1 Introduction1.1 Objective of the Study1.2 Definition of the Market1.3 Market Scope1.3.1 Market Segment by Type, Application and Marketing Channel1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)1.4 Years Considered for the Study (2015-2027)1.5 Currency Considered (U.S. Dollar)1.6 Stakeholders2 Key Findings of the Study3 Market Dynamics3.1 Driving Factors for this Market3.2 Factors Challenging the Market3.3 Opportunities of the Global Crypto Wallet Market (Regions, Growing/Emerging Downstream Market Analysis)3.4 Technological and Market Developments in the Crypto Wallet Market3.5 Industry News by Region3.6 Regulatory Scenario by Region/Country3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Crypto Wallet Market
4.1 Value Chain Status4.2 Upstream Raw Material Analysis4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)4.4 Distributors/Traders4.5 Downstream Major Customer Analysis (by Region)
5 Global Crypto Wallet Market-Segmentation by Type6 Global Crypto Wallet Market-Segmentation by Application7 Global Crypto Wallet Market-Segmentation by Marketing Channel7.1 Traditional Marketing Channel (Offline)7.2 Online Channel8 Competitive Intelligence Company Profiles
9 Global Crypto Wallet Market-Segmentation by Geography
9.1 North America9.2 Europe9.3 Asia-Pacific9.4 Latin America
9.5 Middle East and Africa10 Future Forecast of the Global Crypto Wallet Market from 2023-2027
10.1 Future Forecast of the Global Crypto Wallet Market from 2023-2027 Segment by Region10.2 Global Crypto Wallet Production and Growth Rate Forecast by Type (2023-2027)10.3 Global Crypto Wallet Consumption and Growth Rate Forecast by Application (2023-2027)11 Appendix11.1 Methodology12.2 Research Data Source
Continued.
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About Us:
Absolute Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. At Absolute Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution tha...
- 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.
|
28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Despite going 0-3 against Alex Pereira in kickboxing and the UFC , Israel Adesanya was the betting favorite on Satuday night heading into the highly-anticipated UFC 287 main event with the middleweight title on the line. Much to the satisfaction of his supporters, which included Drake who staked $900,000 USD in Bitcoin on the fighter, Adesanya finally got his revenge as he put Pereira away in the second round with a vicious KO. In the first round, Pereira looked in control as he landed several calf kicks and showed a clear power advantage with his jabs. Full of confidence, it looked to be more of the same heading into the second round. Cornering Izzy against the cage, Pereira began landing combinations as his opponent covered up. However, Adesanya was playing possum, as he admitted later, and fired off several quick right hands and a hammerfist, knocking Pereira out cold to regain the UFC middleweight title. Prior to the fight, Pereira comes off a seven-fight win streak and is the only man to have knocked Adesanya out in competition. Performance of the night went to Israel Adesanya and Rob Font while Fight of the Night went to Chris Curtis and Kelvin Gastelum. Other highlights of the night include Gilbert Burns' victory over Jorge Masvidal . After more than 20 years and 50 fights, Masvidal announced his retirement where it all started for him, in the city of Miami. Take a look at some of the highlights below and stay tuned for more details. Go Octagon-side for THE knockout of the night ? #UFC287 pic.twitter.com/RSB0P6aiZq \x97 UFC (@ufc) April 9, 2023 It doesn't get more inspirational than THIS ? Pure joy for @Stylebender #UFC287 pic.twitter.com/fVhL9HyYxH \x97 UFC (@ufc) April 9, 2023 Stylebender and Poatan exchange words after their latest battle ? There is no sport like Mixed Martial Arts. #UFC287 pic.twitter.com/qo57Azkfbs \x97 UFC (@ufc) April 9, 2023 After a storied career in the fight game, @GamebredFighter is calling it a career THANK YOU JORGE ? #UFC289 pic.twitter.com/XrpDQiTEpl \x97 UFC (@ufc) April 9, 2023 In other news, New Balance crafts custom baseball glove for Shohei Ohtani.", "Despite going 0-3 against Alex Pereira in kickboxing and the UFC , Israel Adesanya was the betting favorite on Satuday night heading into the highly-anticipated UFC 287 main event with the middleweight title on the line. Much to the satisfaction of his supporters, which included Drake who staked $900,000 USD in Bitcoin on the fighter, Adesanya finally got his revenge as he put Pereira away in the second round with a vicious KO. In the first round, Pereira looked in control as he landed several calf kicks and showed a clear power advantage with his jabs. Full of confidence, it looked to be more of the same heading into the second round. Cornering Izzy against the cage, Pereira began landing combinations as his opponent covered up. However, Adesanya was playing possum, as he admitted later, and fired off several quick right hands and a hammerfist, knocking Pereira out cold to regain the UFC middleweight title. Prior to the fight, Pereira comes off a seven-fight win streak and is the only man to have knocked Adesanya out in competition. Performance of the night went to Israel Adesanya and Rob Font while Fight of the Night went to Chris Curtis and Kelvin Gastelum. Other highlights of the night include Gilbert Burns' victory over Jorge Masvidal . After more than 20 years and 50 fights, Masvidal announced his retirement where it all started for him, in the city of Miami. Take a look at some of the highlights below and stay tuned for more details. Go Octagon-side for THE knockout of the night ? #UFC287 pic.twitter.com/RSB0P6aiZq \x97 UFC (@ufc) April 9, 2023 It doesn't get more inspirational than THIS ? Pure joy for @Stylebender #UFC287 pic.twitter.com/fVhL9HyYxH \x97 UFC (@ufc) April 9, 2023 Stylebender and Poatan exchange words after their latest battle ? There is no sport like Mixed Martial Arts. #UFC287 pic.twitter.com/qo57Azkfbs \x97 UFC (@ufc) April 9, 2023 After a storied career in the fight game, @GamebredFighter is calling it a career THANK YOU JORGE ? #UFC289 pic.twitter.com/XrpDQiTEpl \x97 UFC (@ufc) April 9, 2023 In other news, New Balance crafts custom baseball glove for Shohei Ohtani.", '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurrencies and that he had invested in it personally . But he said that the company did not have “immediate plans” to move into it.', '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurrencies and that he had invested in it personally . But he said that the company did not have “immediate plans” to move into it.', '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurr
**Last 60 Days of Bitcoin's Closing Prices:**
[22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-09
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,259,490,219
- Hash Rate: 347554996.87540287
- Transaction Count: 278404.0
- Unique Addresses: 570129.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Coty Inc. (NYSE: COTY ) Q2 2023 Earnings Call Transcript February 8, 2023 Operator: Good morning, and good afternoon, everyone. My name is Gretchen, and I'll be your conference operator today. At this time, I would like to welcome everyone to Coty's Second Quarter Fiscal 2023 Question-and-Answer Conference Call. As a reminder, this conference call is being recorded today, February 08, 2023. Please note that earlier this morning, Coty issued a press release and prepared remarks webcast, which can be found on its Investor Relations website. On today's call are Sue Nabi, Chief Executive Officer; and Laurent Mercier, Chief Financial Officer. I would now like to remind you that many of the comments today may contain forward-looking statements. Please refer to Coty's earnings release and the reports filed with the SEC, where the company lists factors that could cause actual results to differ materially from these forward-looking statements. In addition, except where noted, the discussion of Coty's financial results and Coty's expectations reflect certain adjustments as specified in non-GAAP financial measures section of the company's release. With that, we would now open the line for questions. Operator: And our first question comes from Nik Modi from RBC Capital Markets. Nik Modi: Hi, good morning, everyone. I guess two questions. First on just the glass and the fragrance situation. How is this impacting the innovation agenda in terms of the pipeline and the launch calendar, if you could just provide any context? And I apologize, I missed some of the earlier remarks. I had some other company's reporting. Did you provide a timeline in the prepared commentary on when you feel like you'll be fully kind of back to normal from a component standpoint? And then, the second question is just would love your thoughts on what you're seeing on the ground in China currently? You suggested an improvement. I just was curious on some details behind some of those comments. Story continues Sue Nabi: Yes. Good morning. This is Sue speaking. Thank you again for the question. When it comes to the first part of the question, which is around the fragrance shortages specifically focused on the glass components, again, this is indeed the parts of the components that has been the most affected, and this is, I would say, an industry-wide issue and not just at Coty, of course. And this is improving already at the moment where we are talking. Hence, the communication around the sequential acceleration of our sales entering in Jan. And this is clearly something that's a very, very good news, coupled, as you can imagine, with the robust beauty demand, specifically on the fragrance side. So, I would say these two elements altogether give us a lot of confidence that we'll have these shortages slowly, but surely, fixed into the industry widely and at Coty, of course. So -- but I would say the way I would describe the story, did it impact the innovation pipeline? The answer is no. If you look at the way our innovations have been performing on the markets, the results have been, I have to say, outstanding, be it on the Burberry. I can start with this brand, because what's happened, for example, in a market like the U.S. behind Burberry is unprecedented. We've done last year the launch of the Burberry Eau de Toilette. And then, we continued this year, I mean, in September of calendar 2022 with the Burberry Eau de Parfum. And the Eau de Parfum, for the first time, surpassed Eau de Toilette sales, which, by the way, says a lot about the premiumization of this market. Traditionally, any innovation that's a line extension moving from Eau de Toilette to Eau de Parfum is performing 20% to 30% versus Eau de Toilette. In this case, it's bigger, which is really big, big sign. So, this one is doing fantastically well. Burberry Her in the U.S. is climbing the rankings incredibly, which allowed the brand to become a top 10 fragrance brand in the very competitive U.S. market, which is a jump of 9 ranks. If you think about what we've seen behind Hugo Boss in the rest of the world, because the brand is not as big as it is in the rest of the world in the U.S., so if you think about Europe, the rest of the world, Hugo Boss success behind fashion and now translating into the fragrance business allow us to have a top two fragrance launch with Boss Bottled Parfum. If you think about Gucci again with Flora Gorgeous Jasmine, that's the continuity of last year's Gorgeous Gardenia. Again, it's a top two to top five innovation. So, in a way, the shortages didn't prevent us from pursing biggest innovations during calendar '22, our key launches. Last but not the least, Chloe, specifically the line Atelier des Fleurs, Atelier des Fleurs is really booming in all the premiumized markets. If you think about the Asian ones, the Chinese one, hopefully, that is restarting now. This is clearly another leg of growth for us. So, no impact on innovation from what we have seen. Last but not least, again, going to China, we read, again, like all of you the headlines of Jan. being better than expected for the economy in general in this country. We've also seen some pictures that we posted during earnings call today where we see consumers back to stores, which is really a fantastic news for the beauty industry and for our businesses, as you can imagine, having the most important white spaces of the whole industry in terms of companies in this country. So, there is a confirmation. It's not, I would say, a strengthening/acceleration of two things we have seen since, I would say, the post lockdowns of last year and including some recent studies, because we continue to study the consumers' mindset in the country almost on a monthly basis. And we see the premiumization trend accelerating and becoming more radical, if I may say, and building into all categories on one side. And we see on the other side, the healthification trend stronger than ever, which is great for both our business as premiumizing and becoming more and more skincare in the country. And last but not least, something very important we are seeing in the country too is that the shift from, I would say, heritage brands towards new brands active in the Chinese market is stronger than ever. The highest end consumers are now more open than ever to try new brands, new innovation, versus the traditional, I would say, loyalty that we have seen in the past towards more classical and traditional brands. Operator: Our next question comes from Ashley Helgans from Jefferies. See also 13 Top Performing Bitcoin Stocks in January and 20 Most Valuable Swedish Companies . To continue reading the Q&A session, please click here ....
- Reddit Posts (Sample): [['u/Musclemum', 'eToro, IBKR, Tranding212 or GoTrade? (Suggestion please)', 22, '2023-04-09 01:09', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/', "Hello! Which of these brokers are beginner friendly? How much is their starting investment needed? deposit and withdrawal options. Pros and cons?\n\nAlso if you have another suggestions you can give? :)\n\nBackground: I'm a begginner in US stock trading, I'd really appreciate your options regarding these brokers. I've read some posts/comments regarding these brokers but almost all of them are from 2-3 years ago.\n\nP.S I actually have not started any stocks yet (beginner) but I'm opening PH broker which is COL this week and I'm seriously considering international market na din, I just don't know which broker to start first. I also have started but small amounts of BTC and ETH (through coins.ph lng around 2019 and may na gain nman noong 2020 during it's peak, cinnonvert ko lng nag stop din and now I want to go back, but with Maya kasi makita mo talaga sng summary unlike sa coins.p). Now realizing, if I haven't stopped learning on invested, I could've already started investing in stocks (PH & US). Kaso nga lng na busy sa work and workingout lol. So now I'm going back to finally chasing my dream to financial freedom. lol\n\nSorry for the grammar lapses and sa magulong story :)\n\nThank you!", 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/', '12g1jmv', [['u/logcarryingguy', 16, '2023-04-09 02:31', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/jfigxdb/', 'I’m using GoTrade and I can say it’s a very beginner-friendly platform. You can cash in easily from BPI or UnionBank. If you’re not going to do more intense day trading activities, then GoTrade is a good one.', '12g1jmv'], ['u/dongjerms', 10, '2023-04-09 03:46', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/jfiq42s/', 'For ease of use, funding, you’re a newbie, and if you’re in the Philippines, use GoTrade. If you’re in the US, use IBKR. IBKR will look so complex to use for a beginner, and if you dont have the patience, you will end up hating it. IBKR also offers stocks/etf from different countries, I am not sure about GoTrade. In terms of stability, IBKR is a large company compared to GoTrade. They have the lowest fees in the US. They even give around 4% interest rate for unused cash if your balance is >$10K. \n\nI dont have much experience with the other two mentioned. I think in etoro you only trade CFDs, not actual shares? I maybe wrong.', '12g1jmv']]], ['u/Sylerb', "Why you should be using Linux while moving coins on MM etc, and why it isn't as hard as it seems", 32, '2023-04-09 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/', 'Most people here seem to keep on using windows while transacting in crypto, making their hot wallets vulnerable for all types of hacks. Now, I understand why people don\'t like using Linux: it is seen as the OS for teckies and nerds who like to write a hundred lines of code just to open a browser. \n\nWell, sometimes that\'s the case, but Linux can be as easy to use as windows when you choose the right distribution. Linux may seem hard to use because its users like to portray themselves as kings of technlogy who can hack NASA with their terminal (even in movies Linux is glorified), but that\'s just like the herd mentality we have in crypto (we tend to look down on those who have less btc than we do, or those who know nothing about crypto).\n\nFirst of all, you need to understand that hacking Linux is much harder than hacking windows, and to simplify it, you could say that viruses actually can\'t exist in Linux. This doesn\'t mean that linux can\'t get hacked though, it can, but usually when its user runs compromised pieces of code in the terminal.\n\nSecond, not all linux distributions are made for nerds, some like Ubuntu for example are so easy to learn and use. All you need to do is to learn the basic commands to update your system and "upgrade it" (you\'ll learn what that means later on). There are websites like linuxjourney that help you learn commands in a gamified way.\n\nFinally, I get that most of you have work programs to use or want to play games, which makes windows more convinient, but you can learn how to dual-boot your system(as in install windows and linux on the same machine), or buy a cheap pc just to run linux on it (even an old laptop worth 100$ can run it smoothly). Alongside the extra protection, you get to customize your system to your liking( check out r/unixporn) and you are protecting your privacy from the windows trackers.\n\nLet me know if you have any questions(I use arch btw!)', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/', '12g38pt', [['u/rorowhat', 12, '2023-04-09 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/jfih5ad/', 'There are virus in Linux as well, just less of them.', '12g38pt'], ['u/anonfiles311', 11, '2023-04-09 02:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/jfihv5x/', "Linux Mint is on all of my PCs now. I recommend it as it's very similar in layout to Windows, great GUI and has an update manager. I have Windows 10 installed in VirtualBox only for when I need it.", '12g38pt']]], ['u/Oheson', 'Bitcoin is the best-performing asset', 59, '2023-04-09 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/', 'Bitcoin is much more than its fiat value, however, if we just focus on Bitcoin as a fiat investment vehicle over at least a 10-year timeframe, it is the best-performing asset. Yes, there may be diminishing returns for the next 10 years, but everyone should have at least a 10-year mindset when investing in Bitcoin.\n\nhttps://preview.redd.it/niq52eyh9rsa1.png?width=1039&format=png&auto=webp&v=enabled&s=a220e51eb5094320fa0229547a9560c0c09699f8\n\nThis is what people mean when they say "zoom-out".\n\nAlt coins may or may not outperform Bitcoin in the short term, but use Bitcoin as a modern "bank" to maintain your wealth.', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/', '12g3t09', [['u/Maxx3141', 15, '2023-04-09 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/jfil7ol/', "I'm a big BTC fan, but with 2011 this isn't even surprising. If you would make it 2009, it will start with a BTC price of 0. Obviously BTC will outperform any asset in this time range.\n\nIn 2011 the BTC price was also just in a price range between 0.50$ and 25$. At 5$ it was about the same market cap as Moons today.", '12g3t09'], ['u/milonuttigrain', 12, '2023-04-09 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/jfinsli/', 'It is as usual, a cherry pick post with start date and end date in order to confirm the narrative.\n\nAlso market cap for crypto is far smaller than stock and commodity.', '12g3t09']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 09, 2023', 32, '2023-04-09 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/', '12g85zp', [['u/Passive_Bloke', 26, '2023-04-09 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj5y2p/', 'I’m watching a crow walk along my fence. More interesting than btc charts right now.', '12g85zp'], ['u/skycake21', 19, '2023-04-09 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj8b52/', 'Ayo! Look at this high roller over here with a fence!', '12g85zp'], ['u/EquitiesFIRE', 11, '2023-04-09 06:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj8ezm/', 'The halvening is coming', '12g85zp'], ['u/Snaggletoothlover', 10, '2023-04-09 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjbny2/', 'All hail the eternal crab 🦀', '12g85zp'], ['u/Essexal', 13, '2023-04-09 11:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjx7f7/', 'White paper found on Macs, Pelosi goes balls deep with the AAPL calls.\n\nProbably unrelated. She’s only a politician and not a master inside trader. \n\nThe secret ingredient is crime.', '12g85zp'], ['u/xtal_00', 10, '2023-04-09 12:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjyufo/', 'This thing is your mom tight.\n\nStill long and along for the ride. \n\nI’m betting on up, but we might see some darth maul in here.', '12g85z...
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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29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ethereum\'s Shanghai upgrade is a few days away, but that isn\'t translating into selling pressure because most staked ether is at a loss. Insights: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Prices CoinDesk Market Index (CMI) 1,225 +11.6 ▲ 1.0% Bitcoin (BTC) $28,383 +355.3 ▲ 1.3% Ethereum (ETH) $1,863 +8.4 ▲ 0.5% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,018 +6.1 ▲ 0.3% Nikkei 225 27,518.31 +45.7 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,225 +11.6 ▲ 1.0% Bitcoin (BTC) $28,383 +355.3 ▲ 1.3% Ethereum (ETH) $1,863 +8.4 ▲ 0.5% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,018 +6.1 ▲ 0.3% Nikkei 225 27,518.31 +45.7 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is a Sharp Move in the Offing? Good morning Asia. Bitcoin is opening the Asia trading week up 1.3% at $28,383, while ether is up 0.5% to $1,863. The CoinDesk Market Index , a measure of the overall crypto market\'s performance, is up about 1%. “The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk. DiPasquale said that a correction toward $25,000 wouldn\'t “break the bullish structure, whereas a move to $30K is likely to face resistance.” “The market sentiment currently remains positive, and we may see select altcoins perform decently if bitcoin remains in the current range for longer,” he added. Ether\'s relatively flat performance may allay fears that the Ethereum blockchain\'s Shanghai software upgrade, scheduled for mid-week, will bring selling pressure . Story continues CryptoQuant wrote in a research report from February that the majority of ether staked was at a loss, with the average loss at 18%. “Typically, selling pressure emerges when market participants are sitting on extreme profits, which is not the case right now for the ether that has been staked,” the firm wrote. Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +1.6% Currency Bitcoin BTC +1.2% Currency Solana SOL +0.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −2.6% Smart Contract Platform Polygon MATIC −0.4% Smart Contract Platform XRP XRP −0.1% Currency Insights SBF, Revenge and the Future of Global Crypto Leadership With Washington policymaking, it’s worth remembering that governments, like all human organizations, are made up of, well, humans – complicated creatures whose emotions often undermine their capacity for rational decision making. Last week, I warned of a dangerous politicization trend in U.S. crypto policy following a barrage of regulatory enforcement actions taken against this industry. I remain concerned about that trend, but my view is now slightly more nuanced thanks to the insights of two people with very good D.C. connections. They explained how emotions – specifically anger and embarrassment – played a huge role in driving those policy actions. It reminded me of the importance of clear, inviolable rules of governance, whether they’re baked into democratic institutions such as the U.S. Constitution or forged into consensus mechanisms used by open-source software communities, like those attached to blockchain protocols. Regulation by retribution Among a string of “Thanks Sam” moments these past five months, this one takes the cake. You can argue that the crackdown against Kraken , Coinbase , Paxos , Binance and others was driven significantly by a desire to punish Sam Bankman-Fried, the erstwhile founder of FTX, whose mind-blowingly rapid collapse in November sent shock waves through the crypto industry. This is how one of my sources described the mindset of Biden administration officials and of lawmakers from both political parties: “You can’t come into their house, slosh that kind of money around, leave politicians with egg on their faces and not expect to pay a huge price.” He was referring to the fact that before the FTX meltdown, politicians – mostly Democrats but also some Republicans – had been beneficiaries of more than $74 million in political donations from FTX and had forged connections with Bankman-Fried, who had wooed progressives with his “effective altruism” commitments. (A CoinDesk investigation found that one-third of Congress took money from Bankman-Fried or his associates.) Find the full story here : Important events. International Monetary Fund meeting 1 p.m. HKT/SGT(5 a.m. UTC): Japan consumer confidence and Eco Watchers survey (March) 8:15 p.m. (UTC): New York Fed President John C. Williams speech CoinDesk TV In case you missed it, here is the most recent episode of The Hash on CoinDesk TV : U.S. Treasury Says DeFi Threatens National Security; MacOS Mystery Over Hidden Bitcoin White Paper "The Hash" tackles today\'s hot topics: The U.S. Treasury Department dropped its first report assessing the risks of decentralized finance . Some crypto traders are warning about the market outlook for Shiba Inu dog-themed meme coins. India is planning to rapidly scale its central bank digital currency testing of the digital rupee. Plus, is there a secret Bitcoin maxi working at Apple (AAPL)? Headlines Jump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn: Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally. Bank of England Targets 30-Strong Team for Digital Currency: Report Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect. Sushi DEX Approval Contract Exploited For $3.3M: Developers asked users to revoke contracts as a security measure early Sunday. Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling: Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, with more than 200 employees. Behind the scenes, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim and the smell of cannabis permeated the office.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ethereum\'s Shanghai upgrade is a few days away, but that isn\'t translating into selling pressure because most staked ether is at a loss.\nInsights:In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried.\nCoinDesk Market Index (CMI)\n1,225\n+11.6▲1.0%\nBitcoin (BTC)\n$28,383\n+355.3▲1.3%\nEthereum (ETH)\n$1,863\n+8.4▲0.5%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,018\n+6.1▲0.3%\nNikkei 225\n27,518.31\n+45.7▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,225", "+11.6\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,383", "+355.3\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "+8.4\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,018", "+6.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,518.31", "+45.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Sharp Move in the Offing?\nGood morning Asia.\nBitcoin is opening the Asia trading week up 1.3% at $28,383, while ether is up 0.5% to $1,863.\nTheCoinDesk Market Index, a measure of the overall crypto market\'s performance, is up about 1%.\n“The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk.\nDiPasquale said that a correction toward $25,000 wouldn\'t “break the bullish structure, whereas a move to $30K is likely to face resistance.”\n“The market sentiment currently remains positive, and we may see select altcoins perform decently if bitcoin remains in the current range for longer,” he added.\nEther\'s relatively flat performance may allay fears that the Ethereum blockchain\'s Shanghai software upgrade, scheduled for mid-week,will bring selling pressure.\nCryptoQuant wrote in aresearch report from Februarythat the majority of ether staked was at a loss, with the average loss at 18%.\n“Typically, selling pressure emerges when market participants are sitting on extreme profits, which is not the case right now for the ether that has been staked,” the firm wrote.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+1.6%", "DACS Sector": "Currency"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.2%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}]\nSBF, Revenge and the Future of Global Crypto Leadership\nWith Washington policymaking, it’s worth remembering that governments, like all human organizations, are made up of, well, humans – complicated creatures whose emotions often undermine their capacity for rational decision making.\nLast week,I warned of a dangerous politiciza
**Last 60 Days of Bitcoin's Closing Prices:**
[21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-10
**Financial & Commodity Data:**
- Gold Closing Price: $1989.10
- Crude Oil Closing Price: $79.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $548,081,464,700
- Hash Rate: 292803182.2991408
- Transaction Count: 289625.0
- Unique Addresses: 633252.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Ether (ETH), the native token of Ethereum's blockchain, rose to an eight-month high on Tuesday, outshining market leader bitcoin (BTC) as U.S. stock futures traded higher while the dollar index dipped.
Ether rose nearly 3% to $1,873, the highest since August, accordingCoinDesk data. Bitcoin rose 1.7% to $28,300.
The ether-bitcoin ratio rose over 1% to 0.066, taking back a small portion of the 7% decline seen last month.
Futures tied to Wall Street's tech-heavy index Nasdaq rose 0.35% to a fresh eight-month high, offering bullish cues to risk assets, including cryptocurrencies. Nasdaq futures have rallied over 20% this year, entering a bull market.
Investors continued to sell the safe-haven greenback, driving the dollar index, which gauges the U.S. dollar's exchange rate against major currencies, to a two-month low of 101.79.
Ether's outperformance comes as the highly anticipatedShanghai upgradeis now less than two weeks away. The Shanghai upgrade will open withdrawals of ether staked in the Beacon Chain since December 2020 and has been widelyhailedas a long-term bullish catalyst for ether and liquid staking tokens.
"ETH looks to regain ground against BTC as part of a broader capital rotation play with crypto likely benefiting off broader equity rallies heading into ahistorically bullish month," Decentral Park Capital's portfolio manager Lewis Harland said in a weekly note published Monday....
- 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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30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99
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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 price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate?\nRay Dalio, the founder of the world\'s largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin.\nDalio hassoured further on Bitcoinsince the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin\'s status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out.\nIn contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth.\nDalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold.\nOne of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold\'s price has remained relatively stable, providing investors with a more secure option for preserving their wealth.\nAnother concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In arecent podcast, he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own.\nAs governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin\'s value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things likevolatility and fearin the markets, making it a popular tool for diversification and hedging.\nInvestors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check outBenzinga’s Precious Metals Hubto master the sector and discover the best precious metals trading platforms.\nCheck Out More Precious Metals Articles From Benzinga:\n• Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again\n• 3 Things You’ll Want if Sh*t Hits the Fan\n• Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleBitcoin vs. Gold: Here\'s What the Founder of the World\'s Largest Hedge Fund Would Chooseoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate?\nRay Dalio, the founder of the world\'s largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin.\nDalio hassoured further on Bitcoinsince the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin\'s status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out.\nIn contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth.\nDalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold.\nOne of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold\'s price has remained relatively stable, providing investors with a more secure option for preserving their wealth.\nAnother concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In arecent podcast, he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own.\nAs governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin\'s value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things likevolatility and fearin the markets, making it a popular tool for diversification and hedging.\nInvestors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check outBenzinga’s Precious Metals Hubto master the sector and discover the best precious metals trading platforms.\nCheck Out More Precious Metals Articles From Benzinga:\n• Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again\n• 3 Things You’ll Want if Sh*t Hits the Fan\n• Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleBitcoin vs. Gold: Here\'s What the Founder of the World\'s Largest Hedge Fund Would Chooseoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'With rising economic concerns, investors may want to consider gold stocks, particularly as it seems the smart money is loading up on the yellow metal. Most notably, in my opinion, unusual stock options volume indicators have been picking up bullishly aberrant trades for gold-related call options. In other words, the big players are placing massive bets on this otherwise speculative industry. Another factor to consider is that all investors have a reason to be concerned. With some of the U.S. regional banking fallout sending jitters abroad , investors seek wealth protection rather than hitting home runs. Perhaps the best part about the below gold stocks to buy is they could really soar while providing an alternative platform to park your portfolio. FNV Franco-Nevada $152.73 OR Osisko Gold Royalties $16.20 PAAS Pan American Silver $19.01 ORLA Orla Mining $4.44 BTG B2Gold $4.14 DRD DRDGOLD $10.04 TRX TRX Gold $0.50 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Franco-Nevada (FNV) An image of a rising bar graph on top of gold bars, representing gold stocks Source: Alexander Limbach / Shutterstock A gold-focused royalty and streaming company, Franco-Nevada (NYSE: FNV ) offers an enticing opportunity among gold stocks to buy. Essentially, Franco-Nevada provides capital to mining enterprises. In exchange, the company receives a share of the metals production and/or revenues generated. Since the start of the year, FNV gained almost 12% of its equity value. Financially, the gold enterprise enjoys several compelling attributes. Perhaps most importantly at this juncture, Franco-Nevada has zero debt , affording it incredible flexibility. Also, its Altman Z-Score pings at 85.19, indicating extremely low bankruptcy risk over the next two years. As well, it benefits from a solid three-year revenue growth rate of 16.2%. And its net margin comes in at 53.21%, blowing past nearly 95% of its peers.\xa0Finally, Wall Street analysts peg FNV as a consensus moderate buy . However, their average price target is only $155.75, implying just over 1% upside potential. Story continues Osisko Gold Royalties (OR) Bitcoin BTC Gold coins with bills of euro banknotes and gold bullion. Bitcoin and gold lie on Euro banknotes. Asia Broadband is mixing crypto and gold with its AABBG tok
**Last 60 Days of Bitcoin's Closing Prices:**
[21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-11
**Financial & Commodity Data:**
- Gold Closing Price: $2004.80
- Crude Oil Closing Price: $81.53
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $581,895,280,981
- Hash Rate: 366599106.2932332
- Transaction Count: 385002.0
- Unique Addresses: 793340.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: ETC Group ETC GROUP TO LAUNCH THE FIRST DIGITAL ASSET ETP BASED ON AN MSCI INDEX This is the first crypto ETP to launch based on an MSCI index The ETP will track the performance of the MSCI Global Digital Assets Select Top 20 Capped Index, with quarterly rebalancing The ETC Group MSCI Digital Assets Select 20 ETP is expected to list as early as April on Deutsche Börse Xetra under its planned primary ticker DA20 The ETP will be physically-backed, with digital assets kept in cold storage custody 29 March, 2023 . London, UK - ETC Group ( www.etc-group.com ), Europes leading provider of digital asset-backed securities, has announced today that it will list the first crypto ETP based on an MSCI index. The ETC Group MSCI Digital Assets Select 20 ETP is expected to list on Germanys Deutsche Börse XETRA in April. The ETP will track the performance of the MSCI Global Digital Assets Select Top 20 Capped Index. The index, which was developed by MSCI with ETC Group's input, was launched in early March this year, and represents the 20 leading digital assets. These currently include cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Each individual constituent of the index is capped at a maximum of 30 percent. Stablecoins, privacy tokens and meme-coins, are excluded from the index universe. Like other ETC Group products, the ETP will be physically-backed and the underlying digital assets will be deposited in cold storage custody, in accordance with the index composition and weighting. Tim Bevan, Co-CEO and Founder of ETC Group, commented, We are very proud to issue this new benchmark ETP. Tracking twenty constituents, this is the first genuine broad market index ETP in this exciting new asset class providing the ideal asset allocation tool to investors. Bradley Duke, Co-CEO and Founder added, "This product signals the evolution of ETC Groups product offering from single asset access products toward products that provide investment management solutions while retaining the same uncompromising standards in quality and investor security. Story continues Stephane Mattatia, Head of Thematic Indexes at MSCI said, The digital assets ecosystem is evolving rapidly and investor demand for access to this new asset class is growing. MSCI Digital Assets Indexes are developed with a systematic and process-oriented approach to help global investors gain transparency into this long-term, disruptive trend and enable them to make better investment decisions. The ETC Group MSCI Digital Assets Select 20 ETP can, once listed, be bought and sold like shares or ETFs via the regulated stock exchange. All that is required is a standard securities account with a broker or bank. Liquidity in trading of the ETPs is ensured by authorised participants and market makers. Cryptocurrencies are highly volatile, and your capital is at risk. Information contained in this press release is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering to retail investors in the United Kingdom, or a public offering in the United States or Canada, or any state, province or territory thereof, where neither the issuer nor its products are authorised or registered for distribution or sale and where no prospectus of the issuer has been filed with any securities regulator. Full Disclaimer: https://bit.ly/etcdisc - E NDS - Notes for Editors About ETC Group ( www.etc-group.com ) ETC Group has been created to provide investors with the tools to access the investment opportunities of the digital assets' and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse. With a track record of over three years, ETC Group is made up of an exceptional team of financial services professionals and entrepreneurs with experience spanning both digital assets and regulated markets. With product quality and safety at the core of our product creation approach, we aim to continuously launch best-in-class institutional-grade exchange traded products. As a company, we have previously launched the worlds first centrally cleared Bitcoin exchange traded product on Deutsche Börse XETRA, the largest ETF trading venue in Europe, and have also launched Europe´s first Metaverse ETF together with HANetf. Trading Information Product Primary listing exchange Primary t icker ISIN ETC Group MSCI Digital Assets Select 20 ETP (Expected) Deutsche Börse XETRA (Expected) DA20 (Expected) DE000A3G3ZL3 ETC Group Physical Bitcoin Deutsche Börse XETRA BTCE DE000A27Z304 ETC Group Physical Ethereum Deutsche Börse XETRA ZETH DE000A3GMKD ETC Group Physical Litecoin Deutsche Börse XETRA ELTC DE000A3GN5J9 ETC Group Physical Polkadot Deutsche Börse XETRA PLKA DE000A3GVKX6 ETC Group Physical Cardano Deutsche Börse XETRA RDAN DE000A3GVKY4 ETC Group Physical Solana Deutsche Börse XETRA ESOL DE000A3GVKZ1 ETC Group Physical Polygon Deutsche Börse XETRA MTCE DE000A3GWNP ETC Group Physical XRP Deutsche Börse XETRA GXRP DE000A3GYNB0 The product list including all exchange listings and trading information is available at https://etc-group.com/products/ . Contact index @etc-group.com for any product related inquiries. Media Contact: Sam Shelton [email protected] COHESION BUREAU Frank Schwarz T +49 611 580 2929 0 frank. [email protected] Attachment 230329_PM_EN_ETC Group Press Release_DA20...
- Reddit Posts (Sample): [['u/TyroneWallinson', 'ACH is flying', 25, '2023-04-11 00:28', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/', 'Captions says it all. Kinda scary how it’s following BTCs movements. 5c🔜🥷🏾', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/', '12hyp54', [['u/rain168', 13, '2023-04-11 00:33', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/jfr7f3o/', 'It was but now you have jinxed it', '12hyp54']]], ['u/guestquest88', 'Having 1 BTC & 32 ETH will be a symbol of status in 10 years - repost', 35, '2023-04-11 01:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/', 'Reposting, since my original post got deleted due to some 12 BTC post limit. It appears we\'re at 11 posts now, so I\'m gonna try reposting. No poll, since it\'s "not allowed" anymore? \n\nAs for the results from the last post\n\n413 votes total\n\n13.5% have 1 BTC & 32 ETH (or more)\n72.2% do NOT have 1 BTC & 32 ETH\n14.2% just wanted to see the results :)\n\n\nI spent the day today just watching the markets and reviewing some charts, and came to a realization that may not be so obvious for everybody. As people, most of us concentrate on today and tomorrow. When it comes to investments, most people fail to look at the big picture. \n\nJust look at the prices of real estate in the US. Whoever bought a house in the early 90\'s should have their house paid off by now, if they took a out a 30 year mortgage. Of course, the bank also got a nice cut off that deal, but that\'s a story for another day. If such a person, and I happen to know quite a few of them, decided to sell today, they would be pretty well off. Unless of course, the area they bought their house in declined beyond imagination. \n\nI don\'t believe we can call such people "investors", per se. They didn\'t buy a house to get rich. They bought a house to fulfill their basic needs. People got rich and financially secure by not analyzing anything or thinking much about it... \n\nNow... What if somebody today, decided to spend some time analyzing the crypto markets? What if that somebody took the time to do that back in 2016 or even 2020? \n\nWe\'ve been through multiple bull and bear markets. Bitcoin was supposed to be 6 feet under more times than I can count :) \n\nA conscious investor, who decided to save on coffee and start stacking BTC and ETH in early 2016 instead, would be quite well off by now! Same applies even if that person started in 2020. Will the same statement apply in 2028? I honestly think it may.\n\nI know times are hard. This world revolves around cycles, just like crypto does. We\'ve had tough times back in \'92, \'00, \'08 and now. Seems like every 10 years the world goes to shit. Those who have been around a while should be able to go with the wave. Good times, just as bad times don\'t last forever. \n\nI\'ve recently read an article that having 1 BTC and 32 ETH will help you be a part of a very small elite club in the near future. A financially secure club of investors. Afterall, you can stake those. The returns may not be much now, but in the future the staking rewards will offer you a nice salary. \n\n32 ETH = $60,800\n\n1 BTC= $29,000\n\nThose are todays prices. Almost $100k worth of crypto investments. That is a shitload of money.\n\nNow compare that with 2020...\n\n32 ETH = $2,880\n\n1 BTC = $4,000\n\n$6,880 back in 2020 was a decent used car with it\'s own issues. I\'m pretty sure with all the unemployment money and the stimulus checks (in the US) you would be able to get 1 BTC and 32 ETH. The question is, did you?\n\nWe went from $6,800 to almost $100k in a matter of 3 years, AND we\'re in a bear market. Should this even be surprising to us? \n\nI\'m no moon boy but I haven\'t seen better returns anywhere else. Everybody and their grandma comes to crypto when BTC is hitting new all time highs. Please don\'t be "everybody". Just don\'t be that guy. \n\nPersonally, I don\'t even hold gold anymore. I sold it to buy BTC. Gold was good for my fathers and my grandfathers generation, not for mine. Here\'s the kicker... My grandfather and my dad didn\'t invest in gold. They didn\'t invest at all. I prefer to be different. \n\nI know this post is gonna age well. We will have people reading this in 2030 thinking "I wish I was buying BTC and ETH back then!" What color electric lambo may those redditors commenting below be driving now?! :\n\nWhat\'s my goal here? None, really. This post is just to wake you up and force you to look at the big picture. Look how much has changed over the past 3 years. If you\'re not buying BTC and ETH, just go buy some. DCA. If it drops, so be it. In 7 years you\'ll be ahead :)', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/', '12i11ly', [['u/Kappatalizable', 14, '2023-04-11 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrhbsy/', 'It already is...', '12i11ly'], ['u/TruthSeeekeer', 66, '2023-04-11 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrimhc/', 'That already is a massive symbol of status in 2023 - how many whole coiners do you know?!', '12i11ly'], ['u/PoisonWaffle3', 27, '2023-04-11 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrka5s/', "Wholecoiner, checking in. But I've been into crypto since 2011.", '12i11ly'], ['u/bananainbeijing', 11, '2023-04-11 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrki0d/', "to be fair, the prices you pulled from 2020 are like the lows of the year. \n\nNot many people would have caught the exact bottom\n\nstill, if you got in in 2020, the average prices were still a lot lower than now, but your returns wouldn't be AS huge as they seem in your post. For example, BTC was around $8K for most of the year, and ETH was around $300", '12i11ly'], ['u/blindkiller770', 13, '2023-04-11 02:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrkzjl/', 'I know exactly one other person in my life that invests in crypto. The one who got me into it, doesn’t even invest anymore.', '12i11ly'], ['u/UsedTableSalt', 13, '2023-04-11 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrnr78/', 'Having .1 bitcoin is already a status symbol in my book.', '12i11ly'], ['u/UFONomura808', 10, '2023-04-11 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrxhnr/', 'Wholecoiner as well, been in since 2017. Wgmi!', '12i11ly'], ['u/[deleted]', 10, '2023-04-11 06:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfseynw/', '"Yea dude, you just run your PC overnight and in the morning you trade these bit token things for free PC games."\n\nMy man changed my life and doesn\'t even own crypto nowadays.', '12i11ly']]], ['u/happyhookerxx', 'I’m getting ripped off left and right', 41, '2023-04-11 03:58', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/', 'I’m trying to put myself back out there after a few year hiatus and these new ad sites are really trying it! I made a RubMD account and added a lot of bitcoin funding for a few weeks of premium ads and refreshing and the website disappeared literally the next day. \n\nAdultSearch is crazy. I made and paid for a $20 ad and a week later they took it down and said I needed to verify with a video, so I did. Then they said the ad now costs $50 if I want it back up if I wasn’t going to show my face in my ad, so I uploaded a new photo un-blurred and showing my face and they said it’s “too blurry” so I’m not verified, my ad isn’t up and they kept the balance of what I paid for the ad and the extra bitcoin I transferred for a renewal. I have a very dark feeling about that website I wouldn’t be surprised if the owners are involved in sex trafficking. \n\nThen I tried to make a $25 ad on Bedpage and it’s trying to force me to upload another $500 in bitcoin as a “deposit” to post the ad. Why would I put that much money on an illegal website that can easily get taken down tomorrow just like RubMD did? \n\nI have ads on Tryst, PD and Slixa there’s just too many girls in my area and I have no reviews yet since I’m “new” so no one is bothering. Everyone contacting me is a leftover loser right now (the blacklist guys with the worst reviews no one wants to see that just sit around calling and texting all day that never book).\n\nSorry, rant over, it just shouldn’t be this hard to meet clients!', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/', '12i4iyd', [['u/lemadilyn07', 25, '2023-04-11 04:27', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfs2l9s/', 'it’s shit right now over here too. all day just time wasters and fantasy bookers. \n\ncrossing fingers for a better tomorrow', '12i4iyd'], ['u/happyhookerxx', 16, '2023-04-11 04:46', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfs4yyy/', 'Tomorrow will bring nothing but abundance and prosperity. Tuesday’s always have better energy!', '12i4iyd'], ['u/Classicbarbie12', 14, '2023-04-11 05:44', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfsbppx/', 'Reading your post is precisely why I will keep paying over $100 a month on my Tryst membership. I am so sorry you are going through this crap!\n\nJumping through all those hoops is such a waste of time, and they seem like they do this to a lot of people.\n\nJust a reminder if you don’t al...
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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30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91
|
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:**
["Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. consumer price index (CPI) report for March and Ethereum’s Shapella upgrade.\nThe largest cryptocurrency by market value was recently hovering over $30,200, up over 3% in the past 24 hours. BTC topped the psychologically important $30,000 level late Monday evening (ET)for the first time since last June. Analysts expect the March CPI to continue a recent cooling trend withthe year-over-year rate rising 5.2%, down from February’s 6%. The month-over-month rate is also expected to cool.\n“Traders [are] speculating that this week’s CPI number could come in at a level that gives the Fed reason to think about pausing raising rates in the next meeting, thereby giving a boost to assets like bitcoin,” James Lavish, managing partner at Bitcoin Opportunity Fund, told CoinDesk in an email.\nLavish added that if BTC continues to rise “with conviction,” a move right into the mid to high $30,000 would be likely, forcing short speculators to cover and buy instead. Some investors are trying to get positioned ahead of that.”\nAnalysts at K33 Research highlighted in a note to clients on Tuesday that open interest (OI) in BTC perpetuals surged by 10% to 297,000 BTC on Monday to reach its highest daily growth in open interest since early October. That spurt was followed by volatility and an intraday decline.\n“While BTC’s performance following surges in OI has varied, it has tended to foreshadow long or short squeezes,” analysts wrote, adding that similar daily growth in OI occurred during a spring rally in 2022 and before the short squeeze of July 2021.\nEther (ETH), the second-largest cryptocurrency, was recently trading at around $1,895, up 0.3% from Monday, same time. Validators and market watchers will be watching Ethereum’sShapella upgrade, which is expected to go live Wednesday evening (ET) and will mean that validators can withdraw their long-locked-up ETH from the Beacon Chain.\nCrypto data firm Kaiko highlighted in a Tuesday report that ETH markets have been heavily spot-driven over the past month, with the perpetual futures-to-spot ratio hitting its lowest level since the network's Merge in September. In contrast, that ratio had surged to nearly double pre-Merge levels at the start of the year.\nAmong other digital tokens, Solana’sSOLsurged over 12% to trade around $23.2, whileETC, the token of Ethereum Classic, an offshoot, or fork, of Ethereum, gained over 4% to change hands at $21.6. TheCoinDesk Market Index, which measures overall crypto market performance, was up 2.3% for the day.\nThe crypto market’s rally also coincided with crypto-related stocks’ continued momentum from Monday. Shares of bitcoin mining firm Marathon Digital Holdings (MARA) closed up 12% on Tuesday, while both exchange Coinbase (COIN) and business software company MicroStrategy (MSTR), a large corporate holder of BTC, were up more than 6%.\nEquity markets were mixed Tuesday afternoon, with the S&P 500 closing flat and the tech-heavy Nasdaq sliding 0.4%. The Dow Jones Industrial Average (DJIA) was up 0.2%.", "Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. consumer price index (CPI) report for March and Ethereum’s Shapella upgrade.\nThe largest cryptocurrency by market value was recently hovering over $30,200, up over 3% in the past 24 hours. BTC topped the psychologically important $30,000 level late Monday evening (ET)for the first time since last June. Analysts expect the March CPI to continue a recent cooling trend withthe year-over-year rate rising 5.2%, down from February’s 6%. The month-over-month rate is also expected to cool.\n“Traders [are] speculating that this week’s CPI number could come in at a level that gives the Fed reason to think about pausing raising rates in the next meeting, thereby giving a boost to assets like bitcoin,” James Lavish, managing partner at Bitcoin Opportunity Fund, told CoinDesk in an email.\nLavish added that if BTC continues to rise “with conviction,” a move right into the mid to high $30,000 would be likely, forcing short speculators to cover and buy instead. Some investors are trying to get positioned ahead of that.”\nAnalysts at K33 Research highlighted in a note to clients on Tuesday that open interest (OI) in BTC perpetuals surged by 10% to 297,000 BTC on Monday to reach its highest daily growth in open interest since early October. That spurt was followed by volatility and an intraday decline.\n“While BTC’s performance following surges in OI has varied, it has tended to foreshadow long or short squeezes,” analysts wrote, adding that similar daily growth in OI occurred during a spring rally in 2022 and before the short squeeze of July 2021.\nEther (ETH), the second-largest cryptocurrency, was recently trading at around $1,895, up 0.3% from Monday, same time. Validators and market watchers will be watching Ethereum’sShapella upgrade, which is expected to go live Wednesday evening (ET) and will mean that validators can withdraw their long-locked-up ETH from the Beacon Chain.\nCrypto data firm Kaiko highlighted in a Tuesday report that ETH markets have been heavily spot-driven over the past month, with the perpetual futures-to-spot ratio hitting its lowest level since the network's Merge in September. In contrast, that ratio had surged to nearly double pre-Merge levels at the start of the year.\nAmong other digital tokens, Solana’sSOLsurged over 12% to trade around $23.2, whileETC, the token of Ethereum Classic, an offshoot, or fork, of Ethereum, gained over 4% to change hands at $21.6. TheCoinDesk Market Index, which measures overall crypto market performance, was up 2.3% for the day.\nThe crypto market’s rally also coincided with crypto-related stocks’ continued momentum from Monday. Shares of bitcoin mining firm Marathon Digital Holdings (MARA) closed up 12% on Tuesday, while both exchange Coinbase (COIN) and business software company MicroStrategy (MSTR), a large corporate holder of BTC, were up more than 6%.\nEquity markets were mixed Tuesday afternoon, with the S&P 500 closing flat and the tech-heavy Nasdaq sliding 0.4%. The Dow Jones Industrial Average (DJIA) was up 0.2%.", "Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Welcome to The Hill’s Energy & Environment newsletter {beacon} The Big Story After February’s train derailment in East Palestine, Ohio, highlighted the risk of toxic exposure, other communities in the U.S. hope the attention doesn’t fade. © AP “We’re glad that East Palestine is getting the attention that they’re getting, but we also need attention here in Louisiana,” said Shamell Lavigne of the environmental justice organization Rise St. James in Louisiana’s so-called Cancer Alley. The derailment in East Palestine released chemicals\xa0including a\xa0carcinogen known as vinyl chloride . However, the East Palestine community is not the only one facing exposure to vinyl chloride and the accompanying risks. According to the Environmental Protection Agency’s (EPA) Toxic Release Inventory — a list of self-reported toxic chemical emissions — more than 428,000 pounds of vinyl chloride were released into the air by 38 industry facilities last year. In some parts of the country, meanwhile, facilities emit a range of chemicals, making impacts from individual substances difficult to pinpoint. Residents of the “Cancer Alley” corridor, which is known for its heavy industrial presence,\xa0are at a risk of cancer 51 percent higher than the national average , according to a 2012 study. Read the full report at thehill.com. Welcome to The Hill’s Energy & Environment newsletter, we’re Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will affect the energy and environment sectors now and in the future: Study: Greenhouse gas ‘tipping points’ preceded major earlier warming events Multiple periods of extreme warming in the earth’s past followed “tipping points” involving the release of greenhouse gases, according to research published in the journal Science Advances. Full Story I'm an image More EV sales could come from anticipated Biden rule The Biden administration is expected to soon put forward a proposal to strengthen regulations on vehicular emissions that, if finalized, is likely to move the market toward a greater share of electric vehicle sales. Full Story I'm an image Fewer Americans see US energy situation as ‘very serious’ Americans’ concern about the U.S. energy situation has fallen in the last year, according to a new poll. Full Story I'm an image In Other News Branch out with a different read from The Hill: I'm an image Multiple Norfolk Southern train cars derail near Pittsburgh Multiple Norfolk Southern train cars derailed near Pittsburgh, Pennsylvania on Saturday, amid the recent turmoil surrounding the U.S.-based railway company, which was at the center of a toxic train derailment on the Ohio-Pennsylvania state line in February. Full Story What We’re Reading News we’ve flagged from\xa0other outlets touching on energy issues, the environment and other topics : Virginia plant flagged for repeat chemical releases ( The Richmond Times-Dispatch ) The Real-World Costs of the Digital Race for Bitcoin ( The New York Times ) Environmental groups sue to stop Ohio from leasing state parks for oil and gas drilling ( The Columbus Dispatch ) The company that wants to build a controversial carbon dioxide pipeline in Illinois is seeking fast-tracked approval that would skip public input ( The Chicago Tribune ) What Others are Read
**Last 60 Days of Bitcoin's Closing Prices:**
[21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-12
**Financial & Commodity Data:**
- Gold Closing Price: $2010.90
- Crude Oil Closing Price: $83.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $583,156,408,088
- Hash Rate: 380882188.3566059
- Transaction Count: 338102.0
- Unique Addresses: 714277.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.65
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SINGAPORE , Feb. 23, 2023 /PRNewswire/ -- MEXC , the leading cryptocurrency exchange that performed exceptionally well throughout the recent market downturn, has announced a major reduction in trading fees. Spot trading costs on the platform have dropped to zero for maker fees and 0.1% for taker fees, while futures trading costs have reduced to zero for maker fees and 0.03% for taker fees - making MEXC the cheapest place to trade cryptocurrency globally. This move is aimed at encouraging newcomers to join its growing trading community as it works to drive wider adoption of cryptocurrencies globally. The announcement comes as the market is bouncing back, and MEXC's business growth and increased trading volume are testaments to its reliability and efficiency. MEXC is committed to giving back to its community and takes its social responsibility commitments seriously. With the new fee structure in place, MEXC is confident it can attract even more traders and drive further growth in the cryptocurrency industry. Bitcoin News reported that Futures trading volume on MEXC has increased by an impressive 1200%, a testament to the exchange's commitment to providing the best trading experience for its users. "We are proud to announce that MEXC now has the lowest fee overall in the cryptocurrency industry. Through our philosophy of users first, MEXC's changing for you, we strive to do business in a way that makes users trade better with ease and confidence," said Andrew Weiner , VP of MEXC Global. "We have seen substantial growth in the crypto industry. In 2022, the trading volume on MEXC alone increased exponentially versus the previous year. With the return of users' confidence in trading, we believe that this fee reduction will be rewarding them with a much-needed boost to help the whole industry grow. " MEXC's commitment to the cryptocurrency industry and its users is unwavering, and the exchange will continue to look for ways to give back to the community and promote industry growth. With the new fee structure in place, MEXC is poised to become the leading cryptocurrency exchange, and traders can be assured of the best trading experience on the platform. MEXC 's announcement is a clear indication of the exchange's commitment to its users and the industry as a whole. Traders looking for a reliable and efficient platform with low fees should look no further than MEXC . For more information, visit: www.mexc.com About MEXC MEXC is the world's leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of "Users first, MEXC's Changing for you". Visit the website and blog for more information, and follow MEXC Global and M-Ventures . Story continues Cision View original content: https://www.prnewswire.com/news-releases/mexc-lowers-trading-fees-as-it-works-to-strengthen-and-build-crypto-community-worldwide-301754387.html SOURCE MEXC Global View comments...
- Reddit Posts (Sample): [['u/kevinyyh2020', 'I tried to swap my eth to btc in trust wallet but now eth is gone but I did not see it in my bitcoin', 11, '2023-04-12 01:36', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/', 'How long does it take for bitcoin to show up in my wallet? It is shown that the swap has been completed in the trust wallet but it did not show up in my bitcoin balance. Where is it?', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/', '12j241i', [['u/Rtbrosk', 17, '2023-04-12 02:24', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfwflxx/', "sounds like you shouldn't Trust wallet", '12j241i'], ['u/Summum', 19, '2023-04-12 04:14', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfwutjn/', 'Trust Wallet uses Thorchain in the backend. It’s real L1 to L1 swaps, not i owe yous in a database.\n\nEach chain needs multiple block to finality, can take an hour+ to settle.\n\nYou must have gotten it by now', '12j241i'], ['u/Deathdar1577', 10, '2023-04-12 07:58', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfxjou6/', 'OP leaving us all hangin.', '12j241i']]], ['u/Happy_Ad9924', 'Can a call fail to exercise if lack of volume in fund', 19, '2023-04-12 01:52', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/', 'I bought a call on this etf called BTCC-B.TO to kinda mess around but realized how little volume it has on Questrade, I plan to honestly just hold to expectation as it’s not much money but just want to know if a call option can go worthless or fail if there is no liquidity or volume', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/', '12j2kr8', [['u/DorianCHoldingsworth', 15, '2023-04-12 02:16', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwehki/', 'No. Whoever is short the call is obligated to deliver 100 shares per call regardless of underlying liquidity. Also, you shouldn’t exercise your call anyway.', '12j2kr8'], ['u/dougieg987', 52, '2023-04-12 02:17', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwepsg/', 'I mean if you bought a call, you entered into a contract with the right to buy at your strike. The other side of the contact is contractually OBLIGATED to deliver the shares if called', '12j2kr8'], ['u/Ok_Paramedic5096', 16, '2023-04-12 03:47', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwr4uf/', 'Technically they can fail to deliver, this has happened before in 2008, though it’s HIGHLY unlikely.', '12j2kr8']]], ['u/RockHardTen11', 'Should USA back the dollar with Bitcoin?', 10, '2023-04-12 02:10', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/', 'If BRICS creates a new currency backed by Gold, should the USA counter with the dollar backed by bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/', '12j32j9', [['u/Plane_Baby', 12, '2023-04-12 02:17', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/jfweph0/', "Asking this question on a Bitcoin subreddit is like asking if everyone should get free crack on the crackheads subreddit. 😮\u200d💨🙄\n\nTrick question: With that said, with bitcoin, you don't need the dollar. We should build our reserves and our infrastructure.", '12j32j9']]], ['u/Radiant_Gap_2868', 'DAE stop going to a certain place because theres an employee who’s always there and always talks to you?', 637, '2023-04-12 03:40', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/', 'I’m not an asshole, but I hate making small talk, some people fucking love it. At Jersey Mikes lately theres been this one guy who talks to me throughout the entire sandwich process and I have to like step out of the door during a lull or else he will just keep on talking to me even after the transaction is finished. I saw him like 3 times now and I guess we’re friends now. I just want to get off work and daydream about not hating my life while waiting for my sandwich. I want to go there right now but I don’t want to talk to him. Not unique to this though, I had to stop going to the same gas station before work because the guy gives me his opinions on bitcoin and whatever else the fuck for like an hour.', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/', '12j5k16', [['u/pepper_plant', 37, '2023-04-12 05:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx2ha9/', 'SAME dude. I will avoid establishments where the workers are too friendly. I hate talking to strangers/casual acquaintances', '12j5k16'], ['u/african_or_european', 326, '2023-04-12 05:20', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx3ck7/', "Not quite the same, but if someone comments on how frequently I come in or that I'm becoming a regular, I immediately have to find another place to go.", '12j5k16'], ['u/existingturtle', 91, '2023-04-12 05:31', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx4mcf/', 'I had this happen in the opposite way when I was 18. I worked at a frozen yogurt place and this guy in his 30\'s would come in with his mom, 3 or 4 times a week, and he\'d find every opportunity to talk to me to the point where I hid everytime he came in and he\'d ask other employees about me. I eventually had my husband send him a "fuck off" message after he tried to follow me on instagram 🙄', '12j5k16'], ['u/Radiant_Gap_2868', 185, '2023-04-12 05:48', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx6ktx/', 'Yup same. A girl asked my name at chipotle and said I come in often and for some reason it made me immediately stop going there for like 6 months. I don’t want to be a ‘regular’ at a fast food chain', '12j5k16'], ['u/szatanna', 11, '2023-04-12 06:45', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxcz7n/', 'This is the reason why I prefer to go to the grocery store that is 20 minutes away from my house than the store that is literally in front of where I live.', '12j5k16'], ['u/ThatGayGomez', 35, '2023-04-12 07:12', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxfq48/', 'Not exactly the same but I haaaaaate small talk.\n\nEspecially when I want to leave a place and get caught and then get stuck with them going on and on even though they can see you are leaving and even if you say I need to go', '12j5k16'], ['u/Money-Plenty-4871', 49, '2023-04-12 07:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxft9s/', 'Married at 18 damn', '12j5k16'], ['u/thedogz11', 18, '2023-04-12 07:21', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgi3r/', 'Then have some fuckin real talk and ask them whether God is dead or not.', '12j5k16'], ['u/darsvedder', 26, '2023-04-12 07:25', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgv18/', 'Eh. There’s a checkout lady at my market who is very sweet and kind, but too much for me. A “May god bless you and your day” kinda person. I will stand behind 5 people to not be in her open lane', '12j5k16'], ['u/existingturtle', 40, '2023-04-12 07:26', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgz8h/', "We didn't actually get married until I was 21 lol I just didn't wanna make it more confusing to read. He was my boyfriend at the time.", '12j5k16'], ['u/Maple_QBG', 20, '2023-04-12 08:23', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxlnxb/', "Yep. I had a taco bell that i used to go to basically nightly when i finished up with work. I used to get the $2 Beefy 5-Layer Meal Deal (which came with doritos and a drink) and two Spicy Potato Soft Tacos. I did this 5 nights a week. It was just over $4 after tax and it was the most food I could get at that price point, health be damned.\n\nThey started *recognizing the sound of my car* and by the time i was at the speaker they already had my order pulled up and totaled. They seemed excited to see me and routinely gave me free tacos and desserts etc\n\nand while this sounds like a really sweet deal, I deal with customers all day long, i put on my best customer service face for 9-10 hours a day, when i get off work the last thing i wanted to do was talk to people and socialize and burn through even more spoons. I just wanted to eat my unhealthy fast food and drive my hour-long commute, decompress, and listen to loud music. That was my vice. I didn't smoke, I didn't drink, I didn't vape. I relaxed by eating the same meal i eat every single night and listened to the same playlist I listened to every night. It helped center me. \n\nI eventually swapped to a different taco bell but it was near the end of my commute rather than the start, it threw me off so badly. After that, i decided to just go to Wendy's and get a small combo meal instead but it just wasn't the same.", '12j5k16'], ['u/Mother_Ducker12', 80, '2023-04-12 08:32', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_ther...
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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30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin and ether were trading flat after a mildly encouraging inflation report and the unveiling of the Ethereum Shanghai upgrade. Insights: Go whale watching for a sense of where bitcoin\'s price might be headed, writes CoinDesk analyst Glenn Williams writes. Prices Bitcoin, Ether Remain Largely Unmoved by Major Events CoinDesk Market Index (CMI) 1,317.72 −5.6 ▼ 0.4% Bitcoin (BTC) $29,984 −258.2 ▼ 0.9% Ethereum (ETH) $1,906 +15.7 ▲ 0.8% S&P 500 daily close 4,091.95 −17.0 ▼ 0.4% Gold $2,032 +27.6 ▲ 1.4% Treasury Yield 10 Years 3.42% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,317.72 −5.6 ▼ 0.4% Bitcoin (BTC) $29,984 −258.2 ▼ 0.9% Ethereum (ETH) $1,906 +15.7 ▲ 0.8% S&P 500 daily close 4,091.95 −17.0 ▼ 0.4% Gold $2,032 +27.6 ▲ 1.4% Treasury Yield 10 Years 3.42% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Neither hotly anticipated inflation data nor an eagerly awaited Ethereum Shanghai upgrade could move bitcoin or ether much from their most recent perches. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $29,900, down the better part of a percentage point over the past 24 hours. Ether, the second-largest crypto in market value, was hovering around $1,905, up almost a percentage point. Many investors had been looking for both cryptos to react more strongly to Wednesday\'s events, particularly the Ethereum "hard fork," a continuation of the platform\'s transformation from a proof-of-work to a faster, more efficient proof-of-stake protocol. "We should be looking ahead at what’s in store for the Ethereum roadmap," Jake Boyle, director of retail crypto brokerage Caleb & Brown, wrote. "A lot of progress has been made, and a lot is going to be made. This paints a wildly optimistic picture going forward." Story continues Boyle added: "We are heading into a recession, or at least it seems that way, and retail investors would be the profile of investors that would sell in the situation we find ourselves in. But this doesn’t seem to be the case, and this suggests to me that the profile of investors in the Ethereum ecosystem right now tends to be larger-scale. They appear to be more institutional-grade, and I don’t think that kind of investor would be quick to sell at this moment in time. They\'re long-term focused.” Most other major cryptos were recently trading flat. The CoinDesk Market Index, a measure of crypto markets overall performance, was recently down about a half percentage point. Equity indexes fell slightly with the tech-focused Nasdaq and S&P 500 off 0.8% and 0.4%, respectively. Gold continued to hold strongly over $2,039, near its all-time high as investors look toward assets that hold their value. Meanwhile, in an email to CoinDesk, Konstantin Boyko-Romanovsky, CEO at noncustodial platform Allnodes, struck an upbeat note about Ethereum\'s future. "With previously locked ETH becoming available again, it could lead to "a rise in the staking ratio, increased liquidity, and potentially higher prices," Boyko-Romanovsky wrote. "As the staking ratio rises, it will boost network security, a crucial indicator of blockchain health, and decrease the amount of circulating ETH." He added: "Early stakers will be able to reinvest their staking rewards. At the same time, removing uncertainty related to undetermined ETH lock-up periods will likely generate more interest in staking among retail and institutional participants." Insights Bitcoin Whales May Forecast BTC\'s Price Path Addresses with a balance of more than 10K bitcoin (Glassnode) As bitcoin establishes new support at around $30,000, investors might want to track larger unique wallet addresses. Among wallets holding significant amounts of crypto to determine BTC\'s price path: The number of wallets holding between one and 99 BTC and those with more than 10,000 BTC has been growing since January. Over the same period, the number of wallets holding between 100 and 9,999 BTC has also been growing. Whales holding at least 10,000 bitcoins have been willing to pivot quickly. While the bias is upwards, these larger traders have been willing to enter and exit positions, taking profits at short-term peaks, and retreating as the price retraces. Investors on the precipice of 10,000 BTC may be optimistic, locked into the asset and increasing their exposure – ready to move into a higher tier. Their positions may represent a base of support for BTC prices because investors who went long on the digital asset in January are up 80% year to date. Important events NFT NYC 2023 Web3 Festival 2023 (Hong Kong) 1:00 a.m. HKT/SGT(17:00 UTC) United States IMF Meeting CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ethereum\'s Shanghai Upgrade Looms; Bitcoin\'s $30K Breakthrough : The Shanghai upgrade on the Ethereum blockchain, also referred to as "Shapella," took place on Wednesday at 22:27 UTC (6:27 p.m. EST). "First Mover" was tracking the activation and market impacts of the upgrade that, among other things, will enable staked ETH withdrawals. BTCS Inc. CEO Charles Allen and RockX co-founder and CEO Zhuling Chen joined the conversation. Also, Andre Portilho, head of digital assets at BTG Pactual, provided his crypto markets analysis. And Casa CEO Nick Neuman discussed self-custody of digital assets. Headlines Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals : The upgrade on the blockchain, also known as "Shapella," was triggered at 22:27 UTC, and the network is now processing withdrawal requests. Adidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection : Holders of Adidas\' Into The Metaverse NFTs can burn their tokens to join the new dynamic non-fungible token ecosystem. Only a Tiny Amount of ETH Is Poised to Be Withdrawn After Ethereum Shanghai Upgrade, Nansen Says : Less than 1% of previously staked ETH is in the queue waiting to be withdrawn. LIVE BLOG, Ethereum\'s Shanghai Upgrade : CoinDesk reporters and editors chronicle the first-ever activation of withdrawals from the Ethereum staking mechanism, set for Wednesday at 6:27 p.m. ET (22:27 UTC). We\'ve got the play-by-play on Shanghai – also known as "Shapella" – from what we\'re seeing on the blockchain and at the watch parties. Ethereum Trades Flat After Ethereum Shanghai Upgrade : Analysts had been divided on how prices might react.', 'Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw\xa0mixed performances among the top 10 non-stablecoin cryptocurrencies. Ethereum gained following the blockchain\x92s network upgrade on Wednesday, seemingly shrugging off concerns the upgrade could bring selling pressure on the Ether token. Solana continued to lead the winners as investors anticipate its first smartphone launch on Thursday. U.S. equities dropped on Wednesday after Federal Reserve minutes from March showed officials projecting a recession in the second half of 2023, while the U.S. consumer price index (CPI) in March indicated cooling but stubborn inflation. See related article: Ethereum rolls out Shapella upgrade amid worries over price pressures Fast facts Bitcoin dropped 0.76% to US$30,008 in the 24 hours to 09:00 a.m. in Hong Kong, but held a weekly gain of 7.26%, according to CoinMarketCap data . The world\x92s largest cryptocurrency has jumped over 80% since the start of the year. Bitcoin buyers ignored renewed criticism from U.S. investor Warren Buffet in a CNBC interview on Wednesday, where he called the cryptocurrency a \x93gambling token\x94 without intrinsic value. Ethereum gained 1.10% to US$1,910, adding 0.79% for the week. The Shanghai upgrade of the Ethereum blockchain activated on Wednesday and allows investors to withdraw their staked Ether for the first time. Some analysts expect the upgrade may trigger a withdrawal of nearly US$2.3 billion worth of Ether, about 6% of the total value of staked Ether , according to a Wednesday Bloomberg report . Litecoin led the losers in the top 10, dropping 2.45% to trade at US$92.23. The token is flat for the seven-day period. XRP fell 2.06% to US$0.5041, but is still up 1.08% for the week. The U.S. Securities and Exchange Commission (SEC) filed a letter on Tuesday to support its case against Ripple Labs, which it has accused of offering unregistered securities in the form of XRP. The letter quoted the SEC\x92s case against investment adviser Commonwealth Equity Services, which involved violation of securities laws and saw the defendant\x92s fair notice argument rejected by the court. Solana rose 2.49% to US$24.01, up 15.51% for the week. Solana Mobile, a subsidiary of Solana Labs, will release its first smartphone Saga on Thursday, which integrates the Solana blockchain and allows users to make on-chain transactions, manage digital assets, and access a variety of decentralized apps. The total crypto market capitalization dipped 0.52% in the past 24 hours to US$1.23 trillion. The total trading volume over the last 24 hours rose 13.33% to US$48.60 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.32% to 3,992.64 in the 24 hours to 09:00 a.m. in Hong Kong, but was still down 0.48% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. equities closed lower on Wednesday after minutes of the Fed\x92s meeting in March resurfaced concerns about a recession, while Buffet in the same CNBC interview warned the U.S. banking system could face further stresses after the recent failures of a trio of lenders. The Dow Jones Industrial Aver
**Last 60 Days of Bitcoin's Closing Prices:**
[21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-13
**Financial & Commodity Data:**
- Gold Closing Price: $2041.30
- Crude Oil Closing Price: $82.16
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $587,535,726,662
- Hash Rate: 338032942.1664877
- Transaction Count: 332042.0
- Unique Addresses: 720191.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Not everyone has suffered from the recent banking crisis. Crypto aficionados have emerged as a fortuitous winner, with Bitcoin, the largest cryptocurrency by market cap,soaringnearly 70% year to date.
Institutional traders believe the brutal year-long crypto winter has finally come to end, with the current macroeconomic backdrop reflecting a trend reversal.
Don’t Miss:Taking on the Trillion Dollar IoT Market: One Startup Says AI-Based Data Compaction Can Increase Bandwidth by 300%
Bitcoin hit anall-time highof $68,991 in November 2021 before the onset of the brutal crypto winter. But recent market conditions have resulted in investors singing a different tune, touting Bitcoin to be a safe-haven asset and a store of value. While many have heralded Bitcoin as a hedge against inflation, the Federal Reserve’saggressively hawkishstancecaused decentralized tokens to fall out of favor last year.
In the wake of the recent banking crisis, analysts predict the Fed will slow its rate hike trajectory. Bitcoin also has long been considered a store of value. Other popular cryptocurrencies includingEthereum(ETH/USD) and meme tokenDogecoin(DOGE/USD) have also fared well. Goldman Sachs stated recently that cryptocurrencies hold a 20% market share as a store of value.
Other blockchain-based assets have been performing strong as well.Gameflipis a gaming and NFT marketplace with over $160 million in lifetime volume on their platform. The startup also has a liveStartEngineraise,which means anyone can invest for a limited time. The startup is nearing $1 million raised in it’s current round from retail investors.
To stay updated with top startup news & investments,sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter
Last month’s banking crisis exposed the systemic weakness in the global banking system as behemoths, including the second-largest Swiss bankCredit Suisseand the then 16th-largest U.S. bankSilicon Valley Bank, closed their doors. The benefits of decentralized tokens have been highlighted in the wake of the recent bank failures, with many proclaiming Bitcoin to be the new digital gold.
“I think the rally is explicable by saying people have got freaked out by the banking system by the collapses,” said Oliver Linch, CEO of Bittrex Global.
Changpeng Zhao, co-founder and CEO ofBinance, considers Bitcoin to be better than gold.
As the crypto rally takes off, analysts and institutional investors are betting on Bitcoin to reach its all-time high again this year.
“I think Bitcoin probably breaks all-time highs this year,” said Marshall Beard, chief strategy officer of cryptocurrency exchange Gemini, adding that the cryptocurrency could hit the $100,000 mark.
See Also:The House-Printing Robot Shaking Up a $7.28 Trillion Industry
Vijay Ayyar, head of international at crypto exchange Luno, said, “Broadly, we are looking quite bullish here with Bitcoin reclaiming $28K and looking to target $30K next.”
On March 17, Balaji Srinivasan, former technology chief at crypto exchange Coinbase, bet $2 million that Bitcoin could cross $1 million in just 90 days, as hyperinflation kicks in. Notably, Bitcoin would have to surge by nearly 3,500% within the next three months to reach this mark.
The blockchain-based gaming market is expected to benefit from the crypto rally to hit a $50 billion valuation by 2025. This marks a 33 times rise from the $1.5 billion market size reported in 2021.
The Fed’s dovish stance is expected to fuel the bullish case for crypto, as decentralized currencies regain momentum. Typically Bitcoin has outperformed other major asset classes in a bull market.
"Any time that you've held Bitcoin in a four-year rolling interval, so you pick the day, hold it for four years, you've outperformed every other asset class," stated SkyBridge Capital Founder and Managing Partner Anthony Scaramucci.
But the disappointing jobs report and weak economic data published earlier this week has steered investors to reliable asset classes, including gold. As recession fears set in, crypto could see a massive influx of investments, as people continue to bet on decentralized assets.
To stay updated with top startup news & investments,sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter
The U.S. Treasury has deemed decentralized finance (DeFi) markets a threat to U.S. national security, citing the requirement of further regulatory oversight. This, coupled with the U.S. Commodity Futures Trading Commission’s lawsuit against Binance, signals significant regulatory headwinds ahead for the crypto industry. But as the U.S. dollar slides amid Fed’s easing monetary stance and macroeconomic jitters, Bitcoin might hold its position as the best-performing asset in 2023.
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This articleCrypto Bull Rally: Will Bitcoin Cross $100,000 In 2023?originally appeared onBenzinga.com
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© 2023 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.
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30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50, 27591.38
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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:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether rose sharply a day after the Ethereum Shanghai upgrade; bitcoin was also on the rise toward $31K. Insights: The mass unlock of staked ETH that some crypto market observers predicted did not occur. Ether\'s price rose the prospects for Ethereum and liquid staking derivatives are encouraging. Prices CoinDesk Market Index (CMI) 1,327 +55.4 ▲ 4.4% Bitcoin (BTC) $30,844 +773.3 ▲ 2.6% Ethereum (ETH) $2,122 +214.5 ▲ 11.2% S&P 500 4,146.22 +54.3 ▲ 1.3% Gold $2,058 +47.4 ▲ 2.4% Nikkei 225 28,156.97 +74.3 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,327 +55.4 ▲ 4.4% Bitcoin (BTC) $30,844 +773.3 ▲ 2.6% Ethereum (ETH) $2,122 +214.5 ▲ 11.2% S&P 500 4,146.22 +54.3 ▲ 1.3% Gold $2,058 +47.4 ▲ 2.4% Nikkei 225 28,156.97 +74.3 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Ether Surges Past $2.1K; Bitcoin Inches Toward $31K Crypto market observers expecting post-Shapella selling pressure to send ether\'s (ETH) price plunging slogged through a day of disappointment. The second-largest cryptocurrency by market capitalization started edging up steadily shortly before U.S. equity markets opened, stalling only after ETH\'s price had climbed past $2,000 for the first time since August. Ether was recently trading over $2,100, up more than 11% over the past 24 hours, as investors opted for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. "Many traders had been waiting for the end of the upgrade to start long position accumulation," Ilya Volkov, CEO and co-founder of crypto trading service provider YouHodler, wrote CoinDesk in an email. "Therefore, neutral news about U.S. inflation plus deferred demand pushed ETH price up." Story continues Volkov noted that if current macroeconomic conditions don\'t worsen, It is unlikely that ether will veer from a price upswing that began with other major cryptos at the start of the year, even if selling pressure increases in subsequent weeks. "Basically, ETH price stays in the same upward trend channel from the beginning of the year," he wrote. Shapella, also called the Ethereum Shanghai upgrade, is the final leg in the Ethereum network’s transition from a proof-of-work (PoW) to more energy-efficient proof-of-stake (PoS) protocol. Crypto market observers had been split on its impact, with some predicting a price swing while others anticipated little change. Bitcoin also continued its more moderately paced momentum, recently edging toward $31,000, up more than 2.5% from Monday at the same time. Other major cryptos spent much of Thursday in the green with ARB, the token of layer 2 companion blockchain Arbitrum, recently soaring about 33% and APT, the native crypto of layer 1 blockchain Aptos, jumping about 12%. The CoinDesk Index , a measure of crypto markets performance, was recently up nearly 5%. Stocks closed higher with the tech-focused Nasdaq and S&P 500, which has a large tech component, rising 2% and 1.3%, respectively. A number of crypto-related stocks continued their recent upswing with miners Marathon Digital and Hut 8 Mining each rising about 15%. Recession-fearful Investors also continued to show their appetite for other assets that hold their value, sending gold above $2,050, near its all-time high of $2,069, set in 2020. Will ether continue to rise? CoinDesk analyst Glenn Williams suggested that ETH deposits would offer some signals about its path forward. Since January 2021 "the trajectory of ether deposited into ETH staking contracts has steadily risen, a direction that suggests the asset is gaining, not losing, favor," Williams wrote. "Over the coming weeks and months, this metric will likely flatten as investors who must un-stake ETH begin the process of doing so. But for those who want to stake, Shapella’s completion signals reduced risk, increased liquidity and brought an uptick in asset value." Biggest Gainers Asset Ticker Returns DACS Sector Ethereum ETH +11.1% Smart Contract Platform Dogecoin DOGE +7.8% Currency Cardano ADA +6.8% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights Why Didn’t You Sell the News of Ethereum’s Shanghai Upgrade? Going by the numbers, it seems like many ether (ETH) stakers have decided to hold onto their coins. Although several analysts predicted the just-completed Ethereum Shanghai hard fork (along with the separate Capella upgrade, together known as “Shapella”) would be a “sell-the-news” moment, ETH has actually climbed to eight-month highs. The second-largest crypto by market capitalization was trading above $2,000 for the first time since last summer, after gaining ~3% during trading hours in Asia. 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 . What this says about the viability of Ethereum and the outlook for the price of ETH is an open question. Shanghai, the backward-compatible hard fork, unlocked the ability for Ethereum stakers to withdraw tokens they pledged to the Ethereum deposit contract used to validate the proof-of-stake network, as well as the token payments they received for doing so. Many stakers initially pledged 32 ETH to become validators in 2020, and haven’t really had access to their coins since. So the 18 million-plus ETH currently staked (worth about $33 billion) has not led to a torrent of sales. Loyal CoinDesk readers likely knew the “selling pressure” on ETH was overstated . As Amphibian Capital CEO James Hodges wrote on Monday, the vast majority of ETH validators were in the red leading up to the event, making it unlikely they’d cash out at a loss. Now that crypto prices are rising, led in particular by bitcoin, which broke the important $30,000 threshold this week, fortunes may reverse. Read the full story here . Important events HashKey, Wanxiang HK Web3 Festival NFT.NYC 2023 ETHGlobal Tokyo CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Crosses $2K After Shanghai Upgrade; Will Internet Giants Dominate the Metaverse? Ethereum\'s Shanghai upgrade is complete and the network is now processing staking withdrawals. Joining "First Mover" to discuss Shapella, as the upgrade is also called, is a senior protocol engineer at Ethereum client Besu, Justin Florentine. Also, internet giants and their metaverse moves are getting some regulators concerned. Sebastien Borget, co-founder and chief operating officer of The Sandbox, joined to discuss. Plus, the latest in the FTX bankruptcy case and a closer look at the crypto scene in South Korea. Headlines ROOK Investors Begin Swapping Tokens for $25M Crypto Treasury: Rook Labs and activist investors reached a deal that returns millions of dollars to the former DAO. Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High: ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data. Ether Price Swings Upward After Ethereum Upgrade, but What About the Future?: The price increase addresses the question of whether ether would rise or fall following the completion of the hard fork. Bitcoin Miner Stocks Continue Torrid Run as $30K Level Holds: Fresh economic data Thursday morning suggested slowing in both inflation and the employment picture. Exploit Involving Aave and Yearn Helped Users Make Money: The exploiter paid back Aave users’ USDT debts on its v1 markets, making the total USDT borrowed stand at zero.', 'Bitcoin moved higher in the US$30,000 band in Friday morning trading in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ethereum led the winners following the blockchain\x92s Shanghai hard fork this week, jumping almost 10% and breaching the US$2,000 mark for the first time since August 2022. U.S. equities rallied overnight on softer readings in the U.S. producer price index (PPI) and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation. See related article: Musk\x92s Twitter partners with eToro to offer crypto and stocks to users Fast facts Bitcoin rose 2.54% to US$30,769 in the 24 hours to 09:00 a.m. in Hong Kong to post a weekly gain of 9.47%, according to CoinMarketCap data . The leading cryptocurrency has gained 83% so far this year as it seemed to rediscover a role as a hedge against inflation and recession and looks set to test US$31,000 as it moved within a couple of hundred dollars of that ceiling in later morning trading in Asia. Bitcoin also found support after the London Stock Exchange Group plc. on Thursday said it had partnered with GFO-X \x96 the UK\x92s first regulated and centrally cleared trading venue for digital asset derivatives \x96 to provide the country\x92s first trading and clearing services for Bitcoin index derivatives, according to Reuters on Friday. Ethereum jumped 9.97% to US$2,100, adding 11.66% for the week after the network\x92s Shanghai upgrade, which allows investors to withdraw their staked Ether for the first time. Etheruem holders have so far withdrawn around 215,000 staked Ether, while another 961,000 withdrawals are pending, according to data from Token Unlocks , which accounts for about 6% of the total staked Ether. Earlier speculation that the Shanghai upgrade may lead to a flood of selling and depress the price of the token isn\x92t panning out, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday. Even if Ether are unstaked, it doesn\x92t necessarily mean that people are going to sell them, because they could also use it for other DeFi investments, he said. Dogecoin jumped 6.25% to US$0.0885 to hold a weekly gain of 2.
**Last 60 Days of Bitcoin's Closing Prices:**
[21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-14
**Financial & Commodity Data:**
- Gold Closing Price: $2002.20
- Crude Oil Closing Price: $82.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $593,130,738,569
- Hash Rate: 333271914.81203014
- Transaction Count: 315959.0
- Unique Addresses: 729076.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin dipped below US$28,000 in Thursday morning trading in Asia as most other top 10 non-stablecoin cryptocurrencies lost steam. Ethereum edged lower, but held a weekly gain of over 5% as the blockchains Shanghai upgrade draws near. Dogecoin led the losers after a Tuesday surge triggered by Elon Musk switching the Twitter icon to a Shiba Inu dog. U.S. equities traded mixed on Wednesday as data showed a slowdown in the job market and services, raising worries among investors of a potential recession ahead. See related article: MicroStrategy buys 1,045 Bitcoin, holds 140,000 BTC in total Fast facts Bitcoin dropped 2.47% to US$27,983 in the 24 hours to 9:00 a.m. in Hong Kong, down 1.34% for the week, according to CoinMarketCap data . The worlds largest cryptocurrency has been fluctuating around the US$28,000 resistance level since late March. MicroStrategy, a U.S.-based business intelligence firm and the worlds largest corporate Bitcoin holder, said it acquired 1,045 Bitcoin for around US$29.3 million between March 24 and April 4, 2023, which could help investor sentiment. Ethereum dipped 1.03% to US$1896 but is up 6.04% for the week. The token reached a high of US$1,937.50 on Wednesday to trade above the US$1,900 mark for the first time since August 2022. The Shanghai hardfork of the Ethereum blockchain, also known as Shapella upgrade, will come next Wednesday, and allow investors to withdraw their staked ETH for the first time. Dogecoin led the losers, falling 4.66% to US$0,09127 but still made a weekly jump of 21.60%. Investors may be taking profits from the tokens surge earlier this week when Elon Musk on Monday changed the blue bird icon on the Twitter website to a Shiba Inu Japanese dog, the same image used by the meme coin. Musk has yet to say why he did it, other than to tweet out a meme . The total crypto market capitalization dropped 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period edged up 0.14% to US$43.08 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged down 0.12% to 4,029.45 in the 24 hours to 09:00 a.m. in Hong Kong, but gained 0.61% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam . NFT sales on the Ethereum blockchain rose 17.81% in the 24 hours to 09:30 a.m. in Hong Kong. This could be attributed to volume on OpenSea Pro , an NFT marketplace developed by OpenSea that targets expereinced investors and offers zero listing fees for a limited time, said Yehudah Petscher , NFT strategist at Cryptoslam. U.S. equities closed mixed on Monday. The Dow Jones Industrial Average added 0.24%, the S&P 500 dipped 0.25%, and the Nasdaq Composite Index dropped 1.07%, as investors analyzed weak economic readings on Wednesday. The U.S. private sector saw a job slowdown, with 145,000 new jobs added in March, compared with the expected 210,000, and down from 261,000 in February. Annual pay rose 6.9% on year, down from 7.2% in the previous month, according to Automatic Data Processing Inc . The slowdown in job growth and pay was linked to weak consumer demand and the rising cost of borrowing. Another bearish indicator for the U.S. economy released Wednesday was the services purchasing managers index (PMI) for March that came in at 51.2%, according to the Institute for Supply Management , also well below expectation of 54.5%. The index is a measure of market conditions, with a lower reading suggesting a contracting economy. Despite these signals, Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday interest rates may need to go higher and hold there for some time in order to make sure inflation is on that sustainable downward path to 2%, according to a Bloomberg report . Inflation as measured by the U.S. consumer price index rose by 6% on year in February, a decline from 6.4% in the previous month, but still far from the Federal Reserves goal to keep annual inflation below 2%. U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserves meeting on May 3 to make its next move on interest rates, analysts at the CME Group are expecting a 54.2% chance of no rate hike, while 45.8% expect a 25 basis-point rise, up from 41.1% on Wednesday. U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.10%, S&P 500 futures moved down 0.17% and the Nasdaq Composite Index dropped 0.31%. Investors are waiting for more data releases this week on the U.S. job market, including the Labor Departments initial jobless claims on Thursday and U.S. employment situation summary on Friday. See related article: Paxful shuts Bitcoin exchange due to regulatory challenges, staff departures...
- Reddit Posts (Sample): [['u/toMARSSSSSSS', 'You are so close...', 26, '2023-04-14 00:14', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/', 'I\'ve been holding as part of this community since Nov 2021. I know some of you are frustrated that the token has not reached it\'s previously high levels in some time, but I just want to also write about my own experience, and why I believe this will net a very lucrative investment for me. (I lurk quite a bit, but poke my head up every once in a while) \n\n\nThe problem, and why this post will not be popular, is that my confidence in the token is based on the Methuselah Foundation and the macroeconomic timing of the crypto market, not unfounded "hopium" and hype. \n\n​\n\nTo me, this Token being successful has never been an "if", but a "when". And the "when" will surely be in large part based on Crypto\'s eventual rise (as Bitcoin and Ethereum have already steadily been rising) BUT ALSO on that fact that when the surge into this token comes people will rely on the values and mission of the Methuselah Foundation which has already stayed true to its foundational principles and promises even when its been hard. The combination of these two, alongside the dev team working on things in the background (vote in the DAO thing by the way) will eventually cause the surge you all are looking for. \n\n\nThis is a long term token, but I don\'t think it will be that much longer before we will feel very early to the party. I think that, as the Crypto market has its natural resurgence, we will find that holding our investment was worth it after all due to our token\'s legitimacy thanks to the Methuselah Foundation, its mission, and its transparency. When those looking to poke holes in us come around, it always comes down to the Methuselah Foundation...and they are sure and true. It\'s foundation is strong. \n\nI know its hard to wait, but you\'ve already come this far. Put your phone down for a bit and wait a bit, that\'s fine. We really do hold a token with an incredible organization that is doing incredible things and adding value to this world, and that\'s something worth being a part of. Value begets value, and I know we will see that someday soon reflected in the price once the winter is over. Don\'t let the cold get to ya. \n\n\nThat\'s all for now. \n\n\ntldr; Crypto conditions warming combined with our legitimacy through the Methuselah Foundation will cause this token to surge as it has in the past just as Bitcoin and Ethereum and all of Crypto will, of course. It just takes patience, which is hard, I know. But worth it in the end.', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/', '12l88r8', [['u/spartikle', 12, '2023-04-14 00:26', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/jg5ktxh/', 'I just know if I sell ELON will moon and I will die inside lmao', '12l88r8']]], ['u/Conscious_Most_4371', 'Coinbase volume is super low. Tether market cap is near ATH', 151, '2023-04-14 00:25', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/', 'Coinbase daily volume is in the ~12,000 BTC range. This is atrocious. This used to be the volume for a Saturday or Sunday. They used to have 60,000+ BTC volume on any given weekday. \n\nAt the same time, Tether’s market cap is pushing up to the all time high from 2021. It’s up over $600M this week alone.\n\nAll these very public indicators point to the Bitcoin market become more fraudulent and inauthentic than ever before (and that’s saying something). The greater the fraud, the more perilous the market becomes. Personally, I’m expecting a major crash at some point within the next 60 days. For any butters out there, feel free to set a #remindme flag.', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/', '12l8ux6', [['u/Ichabodblack', 18, '2023-04-14 00:45', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5nfrc/', 'Got the syntax wrong bud', '12l8ux6'], ['u/dyzo-blue', 101, '2023-04-14 01:03', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5pwnh/', "Also with the collapse of FTX.US and the risks around Binance, almost all American butters should be trading on Coinbase.\n\nThe problem is KYC. If an exchange embraces it, as they are legally and morally obliged to, the client base vanishes. Also, if you don't have bots wash trading, volume vanishes.\n\nBTW: the butters have come up with a new euphemism for bot wash trading\n\n> **self-sustained demand**\n\nhttps://twitter.com/Bitfinexed/status/1646587032918196224", '12l8ux6'], ['u/NotAnotherEmpire', 45, '2023-04-14 01:12', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5r4jp/', 'If it\'s severed from real economic concepts because it\'s been severed from real money, it doesn\'t have to "crash." Because the holders cannot sell, so the price isn\'t set by real sales. What you see is the quote in funbux, which most know aren\'t real. So might as well bid more of them.\n\nRealistically, people trading on Binance who want cash USD at some point have already lost their money. May not apply if you are a scary international gangster.\n\nThe fake money exchanges don\'t matter for setting a true market price, which is a primary reason the SEC has denied a Bitcoin spot ETF again and again. That would be a real money instrument, except it reflects all the fake money trading.', '12l8ux6'], ['u/kcarmstrong', 40, '2023-04-14 01:22', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5sf2q/', 'Jesus Christ. They are outright justifying market fraud', '12l8ux6'], ['u/i-can-sleep-for-days', 16, '2023-04-14 01:48', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5vwy9/', 'Are butters people who are into crypto or are butters people who likes this sub?', '12l8ux6'], ['u/celticguardian421', 24, '2023-04-14 01:56', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5x2io/', 'Someone who’s into crypto.', '12l8ux6'], ['u/celticguardian421', 12, '2023-04-14 02:33', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg61y9k/', 'Buttcoiners I guess.', '12l8ux6'], ['u/dronetroll', 15, '2023-04-14 03:18', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg67swh/', 'Imagine thinking that "fake it til you make it" is a genuine market strategy', '12l8ux6'], ['u/ShadowHound75', 12, '2023-04-14 03:27', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg68wp1/', 'I love it when cults fight each other.', '12l8ux6'], ['u/shiningdialga13', 21, '2023-04-14 03:31', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg69j84/', 'Did you give yourself those awards,', '12l8ux6'], ['u/[deleted]', 18, '2023-04-14 03:50', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6bzpr/', "Wintermute is still around. There are plenty of market makers/fakers using pretend bucks to keep prices high. I think they're beyond the point of trying to cash out - with all the lawsuits flying around, it's a life-and-death moment and the crypto cartel is doing everything to prevent a collapse.\n\nIt's a speedrun of Enron. Instead of company shares being used for borrowings, it's crypto as collateral against fiat, so any large drop in crypto prices could trigger insolvencies throughout the entire crypto system.", '12l8ux6'], ['u/stormdelta', 11, '2023-04-14 04:17', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6fe9n/', "It's not too late to pull money out yet - you can still use wires. But the convenient ACH transfers are largely gone yes.", '12l8ux6'], ['u/Nahbjuwet363', 25, '2023-04-14 04:45', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6iu9g/', 'Sane', '12l8ux6'], ['u/Ironfingers', 14, '2023-04-14 05:58', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6r877/', 'Lmao how crazy is it to worship a database and numbers', '12l8ux6'], ['u/ispb2', 15, '2023-04-14 07:31', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg700f6/', 'Poor-stayers. Non-understanders.', '12l8ux6'], ['u/wote89', 15, '2023-04-14 08:57', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg76yy1/', '"Here\'s further evidence that the number is absolutely meaningless except as a way to rope in rubes for liquidity."\n\n"Oh, yeah?! Well, that meaningless number is *even bigger*!"', '12l8ux6']]], ['u/Stock_Wear5934', 'Romance scam', 55, '2023-04-14 01:03', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/', 'I have this friend who is 70 years old who met this person online playing word chums. She has been “dating” this guy for about four years and he keeps saying that he is American, but works in Nigeria, first off It was Scandinavia then he told her he’s been in Nigeria, but not to tell her family and friends. They know he exists and tells her he’s “not real’ , she sends him most of her money, she works so hard for. her bills are getting shut off because she can’t afford her bills, she sent him a mobile phone, but of course got stopped at the border so they kept the Sim, but let him have the phone , constantly needs medical attention that cost money and she sends it. \n\nI’m 30 years younger than her so I know the scams. A few weeks ago I told her that he’s scamming her, ...
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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30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50, 27591.38, 27525.34
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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:**
["Join the most important conversation in crypto and web3! Secure your seat today\nThe TrueUSD (TUSD)stablecoin’smarket share in bitcoin (BTC) trading volume on Binance is catching up to Tether’sUSDTfollowing the exchange’s zero fee trading discount, but data shows traders are still reluctant to useTUSD, according to crypto data firm Kaiko.\nBetween Binance’s BTC-TUSD and BTC-USDT trading pairs, TUSD’s market share rose to 49%, almost equalling Tether's.\n“This is a massive increase over just a few weeks,” Clara Medalie, head of research at Kaiko, said.\nHowever, TUSD’s growth could not offset the rapid decline in the BTC-USDT pair’strading volumeafter Binance waived its zero fee discount for Tether, according to Kaiko data. Moreover, larger buy and sell orders are still placed for the USDT pair, per Kaiko.“This suggests that traders are still reluctant to use TUSD despite zero fees,” Medalie added.\nTUSD’s rise has come as Binance, the world’s largest crypto exchange by trading volume, picked the token as heir of its preferred Binance USD (BUSD) stablecoin issued by Paxos Trust.\nThe exchange restored trading with TUSD after asix-month pauseafter Paxos’ decision to stop issuing BUSD and assigned its zero-fee trading discount to the BTC-TUSD pair and waived the promotion from BUSD and USDT starting on March 22.\nThe $132 billion stablecoin market is undergoing a major upheaval stemming from a regulatory crackdown and a banking crisis in the U.S. In February, the New York Department of Financial Services (NYFDS), the state’s top financial regulator, forced Paxos tocease mintingBUSD, the third largest stablecoin with a $16 billion market cap. Last month, thecollapseof crypto-friendly Silicon Valley Bank, reserve partner of the second largest stablecoinUSDC, sentshockwavesthrough the market. In the aftermath, USDCsufferedmore than $10 billion in outflows.\nTether’s USDT and TUSD have emerged as clear winners of the crisis. TUSD has become the crypto market’sfifth largest stablecoinwith a $2 billion market cap. USDT’s circulating supply has grown $10 billion in the past months and is closing in on its all-time high.\nStablecoinsare a crucial element in the crypto ecosystem, facilitating trading on exchanges and serving as a bridge between government-issued fiat money and digital assets.\nTUSD is a dollar-pegged stablecoin issued by crypto firmArchBlock, previously known as TrustToken. Its value is fully backed by fiat assets, according to blockchain data provider ChainLink’sproof-of-reserve monitoring tool. In 2020, a little-known Asian conglomerate Techteryx acquired TUSD’s intellectual property rights, TrustTokensaidat the time.", "Join the most important conversation in crypto and web3! Secure your seat today\nThe TrueUSD (TUSD)stablecoin’smarket share in bitcoin (BTC) trading volume on Binance is catching up to Tether’sUSDTfollowing the exchange’s zero fee trading discount, but data shows traders are still reluctant to useTUSD, according to crypto data firm Kaiko.\nBetween Binance’s BTC-TUSD and BTC-USDT trading pairs, TUSD’s market share rose to 49%, almost equalling Tether's.\n“This is a massive increase over just a few weeks,” Clara Medalie, head of research at Kaiko, said.\nHowever, TUSD’s growth could not offset the rapid decline in the BTC-USDT pair’strading volumeafter Binance waived its zero fee discount for Tether, according to Kaiko data. Moreover, larger buy and sell orders are still placed for the USDT pair, per Kaiko.“This suggests that traders are still reluctant to use TUSD despite zero fees,” Medalie added.\nTUSD’s rise has come as Binance, the world’s largest crypto exchange by trading volume, picked the token as heir of its preferred Binance USD (BUSD) stablecoin issued by Paxos Trust.\nThe exchange restored trading with TUSD after asix-month pauseafter Paxos’ decision to stop issuing BUSD and assigned its zero-fee trading discount to the BTC-TUSD pair and waived the promotion from BUSD and USDT starting on March 22.\nThe $132 billion stablecoin market is undergoing a major upheaval stemming from a regulatory crackdown and a banking crisis in the U.S. In February, the New York Department of Financial Services (NYFDS), the state’s top financial regulator, forced Paxos tocease mintingBUSD, the third largest stablecoin with a $16 billion market cap. Last month, thecollapseof crypto-friendly Silicon Valley Bank, reserve partner of the second largest stablecoinUSDC, sentshockwavesthrough the market. In the aftermath, USDCsufferedmore than $10 billion in outflows.\nTether’s USDT and TUSD have emerged as clear winners of the crisis. TUSD has become the crypto market’sfifth largest stablecoinwith a $2 billion market cap. USDT’s circulating supply has grown $10 billion in the past months and is closing in on its all-time high.\nStablecoinsare a crucial element in the crypto ecosystem, facilitating trading on exchanges and serving as a bridge between government-issued fiat money and digital assets.\nTUSD is a dollar-pegged stablecoin issued by crypto firmArchBlock, previously known as TrustToken. Its value is fully backed by fiat assets, according to blockchain data provider ChainLink’sproof-of-reserve monitoring tool. In 2020, a little-known Asian conglomerate Techteryx acquired TUSD’s intellectual property rights, TrustTokensaidat the time.", 'Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful.\xa0Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund or the 3iQ Bitcoin ETF in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO , April 14, 2023 /CNW/ --\xa03iQ Corp. ("3iQ"), is reminding holders of units (the "Units") of The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) (the "3iQ Fund") of the options available to them in connection with the upcoming annual redemption of Units. These options are (i) a voluntary option to convert all or part of their Units into units of the 3iQ Bitcoin ETF (the "3iQ ETF") (TSX: BTCQ) (TSX: BTCQ.U), (ii) an in-kind redemption for bitcoin , and (iii) redemption for cash at 100% of net asset value per Unit. The annual redemption date of the 3iQ Fund is June 16, 2023 . (PRNewsfoto/3iQ) Conversion Unitholders can elect to convert all or part of their Units into units of the 3iQ ETF. This conversion will be effected on a relative net asset value basis (NAV-for-NAV). Unitholders should be aware that the conversion portion of the transaction will constitute a disposition for tax purposes of Units of the 3iQ Fund by unitholders. In-kind Redemption Unitholders holding 20,000 Units or more who wish to redeem their Units and who have accounts with the sub-custodian of the 3iQ Fund, Gemini Trust Company, LLC, may, with the consent of 3iQ, redeem their Units for bitcoin . Bitcoin delivered pursuant to an in-kind redemption will be valued at the net asset value of the Units on the annual redemption date. Story continues Process Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 31, 2023 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer and, in the case of the conversion option, direct that the redemption proceeds be applied to the purchase of units of the 3iQ ETF. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time. Press Contact: Fred Pye - CEO E: [email protected] P: +1 (416) 639-2130 About 3iQ Corp Founded in 2012, 3iQ Corp. (3iQ) has more than C$780 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ: Visit us at 3iQ.ca Follow us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/company/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement There are ongoing fees and expenses associated with owning units of an investment fund. Please read the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund (together, the "Funds") before investing. Important information about the Funds is contained in the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund. Copies of the prospectus and the annual information form may be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com . You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performanc
**Last 60 Days of Bitcoin's Closing Prices:**
[22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-15
**Financial & Commodity Data:**
- Gold Closing Price: $2002.20
- Crude Oil Closing Price: $82.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $588,240,024,094
- Hash Rate: 376121161.0021483
- Transaction Count: 276185.0
- Unique Addresses: 644020.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name. Founded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks. The subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze. The subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched a cyrpto-specific subreddit in the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, and sporting the logo’s yellow hair. But long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according to Rogozinski’s filed complaint . Reddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.” Story continues “Reddit’s justification was a pretext—people use Reddit to market and sell everything from investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.” WallStreetBets Founder Wants to Make Stocks More Like Crypto Of the seven other claims for which the founder seeks damages—which total at least $1 million, according to Reuters —Rogozinski also claimed Reddit infringed on a federally registered trademark. In late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.” The lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.” WallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin Reddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson told Decrypt via email. “This lawsuit is another transparent attempt to enrich himself.” The company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk. “It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”...
- Reddit Posts (Sample): [['u/OneThatNoseOne', 'SEC head Gensler has come out and criticised crypto firms for not following the law. To what law does he refer to?', 146, '2023-04-15 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/', 'Gensler recently made a statement that "Crypto platforms ‘are acting as if they have a choice to comply with our laws". This was among his recent remarks with regard to the industry. He made further allegations against crypto firms continuing, "“Calling yourself a crypto platform is not an excuse to ignore the securities laws. Calling yourself a DeFi platform is not an excuse to defy the securities laws.”\n\nI can only ask in response to this, WHAT laws is he referring to. Staking as a service was never stated to be against securities law before the SEC suddenly said it was and started handing out fines. It doesn\'t really matter if you view them as being securities, the fact is that the laws were murky around it and the SEC failed to give notice, guidelines or clarity in advance. Or maybe he is referring to the tokens and coins that are classified as securities. Gensler himself has wavered back and forth on very topic stating at one time that only BTC and ETH were commodites, then backtracking to only BTC is a commodity, saying at another time that **all** tokens are securities and also vaguely admitting that *some* stablecoins are commodities, but refusing to say which. This issue is only made less clear as the CFTC named BTC, LTC, ETH, BUSD, USDT and some other unamed tokens as commodities in their suit against Binance.\n\nOver the years he has also ordered a number of exchanges to comply under securities law, but how is that possible when they can\'t even state which tokens and coins are securities. We could also flip across to the secret meetings and privileged regulations FTX and SBF were entitled to under Gensler\'s watch and likely by his very hand. This whole thing is shambolic.', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/', '12mg30c', [['u/The-Francois8', 30, '2023-04-15 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgaf7wa/', 'The Gary Codes. \n\nThey’re top secret. He won’t tell you what they are… until you break one.', '12mg30c'], ['u/z0uNdz', 20, '2023-04-15 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgafdkq/', 'This is the main issue. The SEC used to say “come in and talk to us”. Yet when firms do they provide no clarity on what to do.\n\nCoinbase has come out and said this. They met with the SEC multiple times yet they never get any resolution on trying to register or comply with laws bc they do not exist', '12mg30c'], ['u/Parush9', 13, '2023-04-15 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgagz6v/', 'Over the year they had about 30 Meetings . It was a big fail thanks GG the prick.', '12mg30c'], ['u/betweenthebars34', 63, '2023-04-15 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgaj4qu/', "He sure as fuck doesn't make Citadel follow the law. Start there, Gensley.", '12mg30c'], ['u/LivingDracula', 12, '2023-04-15 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgbfwcu/', "He's referring to these laws..\n\nSecurities Act of 1933.\n\n\nSecurities Exchange Act of 1934.\n\n\nTrust Indenture Act of 1939.\n\n\nInvestment Company Act of 1940.\n\n\nInvestment Advisers Act of 1940.\n\n\nSarbanes-Oxley Act of 2002\n\n\nAre you trolling or just ignorant?\n\nCrypto wallets for all intensive purposes are just number accounts, for example. KYC laws require you sign a document whenever you have a numbered account. There's also rule 144, which Binance and many other exchanges have violated every single time they bought or sold more than 5% of the supply of a crypto. Regulation A, has to do with crowdfunding limits and certainly should be applied to ICO's. \n\n\nIn other words, it's not that the SEC hasn't provided guidance, etc. It's that people in the space are acting dumb, breaking the existing laws and regulations by pretending a new technology makes them exempt, which isn't necessarily the case...", '12mg30c']]], ['u/kbeckes1', 'Will rising crypto values help Celsius out of bankruptcy?', 19, '2023-04-15 02:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/', 'With ETH over $2000 and BTC over $30,000, this should help Celsius out of bankruptcy and get more of our money back. Right??', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/', '12mkgkf', [['u/No_Water_5763', 10, '2023-04-15 05:01', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbcg9x/', 'Nope. This ponzi is over. Celsius as a company is gone. Even if btc rises to 1 million. Both Celsius and you know you are gonna withdraw at the first opportunity. They will use chap 11 to milk more of our money.', '12mkgkf'], ['u/slibetah', 26, '2023-04-15 05:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbfo78/', 'It will help Alex’s legal fees and acquiring 2024 model luxury cars. The 2021 fleet is a little long in the tooth.', '12mkgkf'], ['u/MVIVN', 51, '2023-04-15 07:22', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbpy4p/', "Even if btc hits ath tomorrow we're not gonna get our money back any time soon. I truly hate that I ever put any money in this worthless company to be managed by these scummy criminals in the first place. Makes my blood boil.", '12mkgkf'], ['u/ValeriePage', 15, '2023-04-15 11:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgc89ym/', 'Our money is going towards keeping Alex out of prison.', '12mkgkf'], ['u/T1Pimp', 19, '2023-04-15 16:10', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgcxxr9/', 'To be fair, you/we were lied to at every fucking turn by Mashinsky and Co.', '12mkgkf']]], ['u/cperch5', 'Do what they do not what they say', 28, '2023-04-15 03:04', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/', 'Warren has consistently held one stock forever. BAC. Warren publicly says crypto/btc is worthless yet BAC has the most crypto patents in the world. BAC and Fidelity also bought a combined 85 million worth of MicroStrategy in Q1. Hmm I wonder why.\n\nThey try to scare the public away so they can position themselves to profit off us. It’s all a game.', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/', '12mkllm', [['u/Umpire_State_Bldg', 13, '2023-04-15 03:22', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/jgb0ulq/', 'Why would any reasonable person give a fuck what Buffett says about anything - especially Bitcoin?', '12mkllm'], ['u/ride_the_LN', 11, '2023-04-15 06:27', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/jgbl51j/', 'Elizabeth Warren Buffett has entered the chat', '12mkllm']]], ['u/akdbaker816', 'When to stop DCA?', 24, '2023-04-15 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/', "Was curious on others opinions that have been in the market longer as to when to stop DCA. I had a plan to begin investing in BTC and other projects once BTC hit sub 30k. Proud of myself as I waited patiently for this mark and stuck to my contributions every week. As we pass 30k on the uptrend I'm curious on when others stopped DCA.\n\nOf course I wish I had a larger position. Honestly didn't think we'd hit these levels this fast and have been feeling kind of torn between continuing and the fact I wouldn't pay at these prices not too long ago.", 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/', '12mknzv', [['u/Mr_Bob_Ferguson', 21, '2023-04-15 03:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/jgb0wxh/', '* DCA is just the method used to average out your buy or sell price over a period of time for any type of investment.\n* Most people implement DCA for things such as index funds for the purpose of buying right through to the point where they have enough of a revenue stream to live from. That\'s their goal.\n\nSo instead, the question is "what is your investment goal"?\n\nThen you work backwards to determine how crypto, and DCA, might work towards that goal.\n\nIt sounds like you have more of a question about "asset allocation". Where the answer is normally "you put your money into whatever you believe will provide you with the best return over time".\n\nIf you don\'t think crypto will go up over the long term, or you have somewhere better to put your money, then you put it that somewhere else instead (you allocate your assets elsewhere).', '12mknzv'], ['u/Bostonparis', 13, '2023-04-15 05:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/jgbevi2/', "I'm personally gonna stop when USDT hits $2", '12mknzv']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, April 15, 2023', 36, '2023-04-15 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thre...
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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30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50, 27591.38, 27525.34, 28307.60
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